next speaker. >>> my name is mark bitner. i'm a 40 year resident of the city, and for the last 12 years i'm the owner of 130-year old home. i don't trust the assurances that this legislation is merely designed to streamline the process. it seems to me that it's development driven and there is no reason whatsoever not to consider supervisor kim's proposal. there is no reason not to wait for that. we don't have to rush forward. i think in america we do too much of this. we have thing, we jump the gun, we make bad decisions. there's no reason not to have a thorough discussion of this. so, i would encourage you to vote for waiting. thank you. >> thank you. next speaker. >>> good afternoon, supervisors. my name is stephen aiello, i am chair of the san francisco housing action coalition. and i hold that position as the volunteer representative for greenbelt alliance, one of the endorsers of supervisor wiener's legislation. i think it's important remember both the planning commission and the historic preservation commission have rev

stephen a yellow, lynn bee son, evan reeves, mark bitner. robin levitt. michael [speaker not understood]. marlene morgan. steve pedal mike casey. [speaker not understood]. john rizzo. >>> good afternoon, supervisors. my name is tamika moss and i'm the community development director at spur. spur is strongly supporting the legislation before you. i passed out a letter for your review. i did have an opportunity to have a really respectful discussion with some of the opponents of this legislation and i thought it was a really great opportunity to better understand some of the concerns that we've all heard about today. and i have not -- spur has not had an opportunity to review supervisor kim's legislation. and we have really vetted the legislation before you to ensure that the points that we relate to are strong and one in particular is really around the noticing and timing. the comments that you all made earlier in terms of increased noticing is -- the parallel process of timing. but noticing needs to be transparent and effective for everyone to be able to

we're back with wells fargo economist, mark bitner. >> ♪ . . .. melissa: time for stocks now.ead to the floor of the new york stock exchange where nicole petallides is standing by. stocks climbing from the lows of the day now, making a bit of a comeback. >> that's right. there is so much going on. we're seeing the vix jumping. the we're watching nauert gas moving to new highs. we're watching u.s. indices back and forth sitting near critical make-or-break support levels as the people who follow these markets and do technicals would say. we're watching gold, crude, all of these things that are on the move. certainly back and forth action on the dow jones industrials as you said off the lows of the day. i'm bringing you over to see jcpenney. jcpenney has been bucking the trend. we've had a down arrow all day but what is interesting for jcpenney up 3.7% right now. it has been one under pressure but analysts came out and talked about the fact they're anticipating a few more sales. they're seeing more traffic. they're guessing it will be more likely for jcpenney. one shareholders ha