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supervisor, you re muted. you re muted. supervisor preston: i think he s trying to figure it out. clerk: through the chair supervisor peskin: okay. am i back? chair melgar: yes, you are. supervisor peskin: thank you, madam chair, and sorry for my interruption earlier. so let me start with miss orth through the chair. was the oceanwide view under transbay, was that under ociis jurisdiction? no, supervisor, it was not. supervisor peskin: okay. thank you. clearly, i m supposed to ask questions that i know the answer to, so i will stop at that line of questioning. so relative to a letter of credit, what s the l.c.s worth? what s the cost, miss orth or mr. faulkner? 1% of its face value? maybe less? what s its worth? i would defer to the developer on that question. hi again. cameron faulkner. it s usually market based, but a good estimate would be 1% of face value to carry that letter of credit. supervisor peskin: i think i just mentioned that, so that ....
Veterans, we can figure out how to expedite that process. The idea that were sitting around having a discussion about personnel inhibiting the care the veterans deserve really does not bode well for the reflection that we want in this country. People who have served this nation, we should be wednesdaying over we should be bending other backwards to make sure that the services they frankly earned is something that is given the highest priority and something that the president remains highly committed to. Miriam borgess. Yeah, miriam. Hi [inaudible] the president is going to be speaking today with [inaudible] yeah. I would like to know how President Trump sees the relation with spain [inaudible] so im not going to well have a readout after the call, but i imagine theyre going to talk about a shared commitment to defeating isis and that theyll discuss our bilateral relationship and reaffirm our commitment between the two countries. ....
President obama. And Sweet Beginnings from former inmates, finding a way to make a new beginning in a jar of honey. And we begin today with president obamas historic visit to cuba. He is the first u. S. President to set foot on the island in nearly 90 years. Mr. Obama hailed it as a new day in relations. Mike viqueira reports from havana. Reporter this was the moment, president obama and president raul castro, shaking hands for the first time on cuba soil. They talked for two hours behind closed doors, but when they emerged it was the clear that the acrimony, 54 years wouldnt be forgotten. Asked by an american reporter why cuba has Political Prisoners, castro bristles. Translator what political prisoner . Give me a name or names. Or after this is over, you can give me a list, and if we have those Political Prison ....
So very surprising to see the turnaround this morning. Maybe it is offset by some companies that we hear from. Heres a story we have been following all day. You get fired from your job in just over a yearandahalf and leave with a severance package worth nearly 60 million. Ill take it. Sorry, just didnt work out, but here is a nice parting gift for you. It actually wa lly with one yah executive . Whats that say about the ceo marissa myer . Well have that story. It was on this date 25 years ago cnbc launched to the world. Well have vintage clips and talk to the man who ran cnbc back then, bob wright, who was the first person ever seen on this network. Stay with us for a very special two hours. Bill, i am so happy and privileged to be anchoring with you on this day. Well tell that story later. Yes, we will. The markets right now, the Dow Jones Industrial average and all major averages are in positive territory right now. Oh i s ....