Warner and 85 billion deal is more consolidation ahead . Plus, getting that deal approved calls for scrutiny and Consumer Protection already coming from washington. Lets listen to how both ceos are pitching the transaction. And Goldman Sachs lowers outlook for corporate earnings through 2018. Why it sees Profit Growth slowing in the s p. But first up, at ts mega merger with time warner already facing scrutiny from president ial candidates and capitol hill lawmakers. Earlier on squawk at t ceo Randall Stevenson said he believes the deal will pass regulatory muster. This is one where the nature of this deal is unique from anything that weve done before. And that is a vertical integration. Its a big merger, but its a vertical integration. And as you think about the areas that have been really contentious over the last few years in our industry and in jeffs industry, theyve been horizontal mergers where the government was concerned about a competitor being taken out of the marketplace. Thi
Internally, to execute on that. President omotalde thank you. Commissioner wald commissioner wald thank you both for coming in. Its good to see both of you again. So, this is sort of a follow to commissioner hoyos question. If you achieve your goals, this can be a ripple effect. Youre going to have vast numbers of new writers and those people are going to the park, if thats the technical term, in San Francisco and a lot of them are going to get on other kinds of public transportation. Whether its bike were buses or whatever. So, i would welcome, at least assurance, or it is not a big discussion, that you are not only talking to the departments about its expertise, but that you are at least trying to get sort of a candle on all the parts of the city family in San Francisco that will be impacted by the achievement of your goals. Particularly, in terms of ridership. Both in terms of increasing the number of people who ride and how they get to your vehicles. Its not just in San Francisco.
Can you also make a motion on reporting actions . So you donot want to report actions . That is included in the motion. Second. All in favor . Aye we are item 12, commissioners matters. Any Public Comment . Seeing none, item 13, new business agenda. Public comment . Seeing none, 13 is closed. There are no communications and 15 is adjournment. So moved. Second. Thank you commissioners. [meeting adjourned] [gavel] president omotalde we will officially call the meeting to order. We will do will call. Commissioner bermejo present commissioner hoyos present commissioner wald , present. President omotalde x item on the agenda clerk quick announcement at the use of cell phones pagers is on producing Electronic Devices are prohibited at this meeting. Please be advised the chairman made order the removal of the minimum any person responsible for use of cell phone pager or other similar sound producing Electronic Devices. Note to the public, theres an opportunity for Public Comment both after ea
Second. Public comment. All in favor, say i. I. That motion carries unanimously we will now go into closed session can you please read do closed session items. Item 18 unmitigated games and item 19 urban mitigated people of the state of california versus the sfpuc and item 20 that pair et al versus the San Francisco board of appeals 6 appellant district and irrigation restore the hetch hetchy of the San Francisco and items 2 it through 28 will not be heard today. Thank you is there a motion to Public Comment on closed session items. Is there a motion to assert. Session. Okay. Were now out of closed session and back into open session 18 and 19 about settles were approve a motion to disclose any discussions from closed sessions. All in favor, say i. I. Opposed . We will not disclose any other in any business hearing none, this meeting is adjourned [gavel] president omotalde we will officially call the meeting to order. We will do will call. Commissioner bermejo present commissioner hoyos
Operators. Is that another flaw in the mtcs formula . Or. Yeah. Evaluation. It is actually identified as you go back to the sight here as a high, performer. Oh, gene v, so right now, we are planning what is going to be much more dense, population. And we are not necessarily by having a huge impact on the current rider ship but we know that it is going to be dramatic in the future, and the mtcs evaluation, and capture what is going to be done in the future . Rather thatn what the current positions are . They do look at the benefit that is based on projected in the area of 2013, for the area and so it is based on the last times and assumptions which i believe is probably likely to be lower than what were currently anticipated and the issue or one of the issues is that the model issues of a lot of the cost is related to safety improvements and the complete that go along. And so it is a little bit of extra cost that is not reflected in the benefit cost assessments. The other issue with tha