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U can see thair quality, all of definitely take advantage of this with that clean air and we are looking at good tomato air quality through our day. It is a foggy start because of that onshore flow and even some patchy drizzle with that sea breeze. That is why we have that clean air. Temperatures are running in the upper 50s to low to mid 60s at this hour and through our afternoon, we are looking at 67 in San Francisco, 72 in oakland, 75 in san jose and 80 for concord. Highs are below average for this time of year and a little cooler compared to yesterday. I will show you our smoke alarm the forecast. It does look great today, but as we look to our weekend, that smoke pushes into the bay area and we will have details on this coming up in just a few minutes. Lets check in with gianna and it is foggy, especially across the Golden Gate Bridge. That is g if you are going out e ....
Negatively. The dow opened lower, the nasdaq lower by 6. We had a multibillion dollar deal. Teva acquiring allergan. We should tell you that teva is officially withdrawing its off for mylan. You may have remembered they made that offer as a hostile offer. It was not morninging. Mylan which located outside of the u. S. Became a bizarre beneficiary of moving outside because of the way the governments rules work abroad were they relocated it made it much more difficult for teva to pursue a deal. How do you think the mylan shareholders feel about the big fight . How do they feel this morning . In the immediate case i think that they cant be thrilled. Longterm, mylans ceo has made the argument and i actually buy it that theres more value to them reinvesting by reinvesting and being independent. So well see what happens there. Can i ask a really important question . Yes. Friends of mine would like to know. Does this get us any closer to a botox thats what friends would like to know . I have ....
A comment. So just lineup and give your name and you have two minutes. 2 minutes. Good evening. Thank you for holding this very important meeting. From the San FranciscoHousing Action coalition. I would say as San Francisco, as a city we are failing in our rate. There is no disagreement on that. I want to say that we strongly support the testimony and eloquent ideas you heard from olson lee and Dennis Phyllis ips. They speak the truth. We want to see more affordability where we say the Common Ground is where is the money. No one a disagrees that we need it but where is the funding coming from. The shortcoming i see from the housing balance measure is it an appears to us on a premise that if we in accrues increase ....
Resources we have dedicated to. And based on the impact of luxury tax. We have based on this concept of impact. It does not take into account middle class workers. The last thing to look at. Lastly,ennen shrines to public residents by making their housing stronger, safer and more secure. I want to emphasize that this measure and previous have the very same goal and the right goel to create, preserve and secure more Affordable Housing. We at the Mayors Office are focused on rebuilding it and hope to do so. In conclusion what you heard today about minimum wage and housing metering, its a very real cry for more efforts towards stabilization and more affordability. This measure is an attempt and i believe the right attempt to continuing to provide that. We want to work on resources, not on process and we believe if we can do that together, that will be what gets us to our goal ....
Ability to meet the housing goals. Primarily its affordable and housing goals. It confirmation the mayors commitment to construct at least 30,000 units by 2020 with a majority with a financial reach of low to middle income household. The various households that we have heard everyone speak about today and i believe everyone in this room 100 percent behind. It urges the mayor and board of supervisors to urge all Funding Resources a real action plan to make this a reality and develop a funding strategy to do so. Third, it urges the development of new Revenue Sources from middle income households and it directs the analysis of the impact of Luxury Development on middle income housing. Fourth, it urges that no less than 33 percent appropriations from the Housing Trus ....