we are excited about doing it. we are moving forward.e will start at the end of summer and get rolling. we will take eddie back to detroit. we will have fun with him. he is really excited about doing it. >> the film that everyone has been talking about is the next "top gun." you have been working on it, but this is a long process for you and tom cruise. you made some headlines recently. tom cruise versus the drones. >> technology has changed since the first one. we will take advantage of what is going on. is the pilot obsolete? those jockeys, are they gone? i don't think so. i think they will be around for quite a wild. we will hopefully highlight both worlds. >> what is the timing on that one? when will we see it in theaters? >> we have been working on it for over 30 years. i wish i could tell you how long it will take. it is a lot of fun working with tom. and tony scott came up with the idea. he passed away and that was sad for us. david ellison is a financier. >> a lot of people talk about the ellison family. megan gets a lot of atten

we are doing. the analysis that got us to this point was just completed in the last couple of months and we specifically drove that work to get completed in time to inform our capital budget development. so our capital budget as well as other parts of the city family are oriented directly around addressing this so the dollars that we are putting in for example our capital budget for walk first will be absolutely doing this kind of targeting. last year we kind of reformed our traffic calming program to be more data driven where the needs are greatest. we are absolutely trying to focus where the needs are precisely for the reasons you identify. >> okay. i had that information last year and you are saying that we are focusing on that now? >> that's what we are proposing to focus on this upcoming 2-year budget. >> all right. thank you. >> in terms of our fastest growing mode of transportation and we have a whole section on this in the next item, we do have a network that is fragmented. so while cycling

used and why are we changing areas that are not problematic and why are we changing areas in our city and making money. where are we spending the current dollars. the push back comes from many of my constituents who are wondering why we are doing things in this way and we are asking for more money where we are not efficiently spending what we currently have. if i'm asking folks in my community to support something like this, i want to feel confident about how we are using the existing dollars in our transportation system. yes, muni is a problem. it's always been a problem. but i will tell you since i was a kid to now, people who probably haven't been here as long as i have don't realize how much more cleaner muni is, how much more efficient muni is. but unfortunately because our population is growing considerably we are limited and we are not going to be able to keep up with the increase. the housing rate is increasing to another level. we have to aggressively invest because in the past we haven't done that. we haven't invested in muni enough to keep up with the needs of our constitue

so we are a big part of the people that we are serving, the population we are serving are very low income. a large percentage of the people we are serving are low income. so while muni i would argue a service of 100 percent, we are serving a very significant amount of the city's low income populations. we do have quite a few of people 55 and older. quite a bit of folks who don't own a vehicle. so for them muni, they are largely dependent on muni and use it a lot. other status, i don't know if we have it on here include the fact that most people reported riding 5 or more days a week and the majority of trips were not work trips to get to work. the plurality of 42 percent are people getting to work and the others for a lot of other reasons. they use it not just for work but to get around. a lot of people don't have a car. >>supervisor scott weiner: mr. riskin, thank you, this is a really amazing statistic. i think it's helpful. we have a lot of policy discussions and they don't have all this data. this is really helpful. i didn't reiterate how critical it is to have a great transit system i

we are hopeful. soon. >> so what happens, second to last question, what happens after the obama's leave? how are you guys going to institutionalize some of his huge effort that you've made? >> yeah. it's a good question and something we think a lot about. i think, to fall. part of visits institutionalizing it but also, so we've done that through harder ships with different agencies. let's move! childcare, a partnership between hhs. when you have those kind of partnerships it adds that infrastructure and we tried to do that in a number of different places. but also it's about and working to have the issues transcend us and helped to spark action and activity and engagement in ways that are going to take off that we are not actually doing. and a lot of that is in the way we approach different partnerships. but also just the cultural aspect of it. that's why you see the first lady really trying to take this issue to where people are as a post asking people to come to us. that's why she is on jimmy fallo

how are they doing? >> the company priced their shares at $17 and they open below their listing price. of-- it went to a low $15.38, and it has not traded above the ipo price yet. this is at the low end of the market range. raising $650 million overall in share sale. a private equity firm that ta has a large stake, 56% of the common shares after the listing. this is the third hotel chain that they have taken public over the last year. and hilton, the biggest hotel ipo ever, both of those companies have seen their share prices rise since the initial public offering. >> scarlet, you and i both know that stephanie could talk about her favorite hotel chains all day long but we have to move on and talk about the other companies that have been going public. it has been a great year for ipos, particularly tech companies. their owners are taking these companies public at a sometimes eye-popping valuation. but the nasdaq has pulled back recently and some people are asking if the party is over. cristina alesci has

also to bill gates, thank you. ♪ >> here goes nothing. >> we are finding it, we are testing it, we ares they build it. we are on a quest to show you the most cutting-edge companies on the brink of the future. >> tonight, i will head to mexico to swim with the fish in a giant, mobile floating fish farm called an aqua pod. >> i will check into palomar medical center, the hospital of the future. >> this is a living lab. >> we will take a road trip to volkswagen's super car green factory in america's heartland. >> we are next to a car manufacturer, right? >> that's right. >> "bloomberg brink." companies that break the mold,

we are not saying those are improper. we are saying this one is in large part because buses are interfering with bicycle lanes and those are precisely the impacts that ought to mitigate on the eir. these are those who raised these concerned. i would find the best locations for shuttle buses to stop that don't interfere with bicycles and pedestrians. >> i might be interested if we were adopting a permanent program. if we were to support your appeal, the same wild west that occurs in the street with a lack of regulatory control around commuter traffic would exist and what we currently see on the streets without any rules, i'm trying to understand that i would think that a pilot program that creates some rules and structures which the sf mta has dealt with the number of issues would be addressed. i'm not sure why that is not preferable to a situation that we would have a lack of rules and chaos on our streets. >> before we write those rules, we should know what we are writing. we need ceqa review to write, if we have stoppin

most are not. and a lot are not moving at all. they are just sitting there. these tree communities which have tended to be very stable because the climate is stable are going to break apart. we will have different trees moving at different rates and what is going to happen to the creatures that are also adapted to living in these communities? that is a difficult question to answer. insects, birds and mammals. it is hard to tag insect. trees have the advantage because they stay in the same place all of the time. but as miles pointed out, unfortunately we will find out what happens to these species because we are running this gigantic experiment. and another question that arises when you think about what happens to the tropics as the speci species move up is what is going to happen to the low lands? what is going to move into the tropical lowlands or will they empty out? we don't have an answer right now but unfortunately we will find out. global warming isn't the only effect of pouring co2 into the air. it has a more significant affect on what it douse to the

guys are confident because you are on the faculty.e been with the students since this whole thing was launched. what is it that you try to do to help guide them and help them be successful? >> we have a vigorous process picking stocks. we have a consistent approach over time. studentsudes the splitting up into sector teams. they have to convince the other students to vote something into the fund. it is really up to the students whether something gets in her doesn't get into the fund and that has worked quite well. you can think of this is a meanie beauty contest. it is not all about values. >> you have to be able to sell it. the kids have to be able to sell it to get people to go along with it. year?is been the best >> this has been their best year. they have outperformed all of the other u.s. domestic equities managers and the global managers and our area managers. if they were a morningstar rated fund they would be five-star and they would have been above the average. atxico back to this looking 2008 and you guys are certainly on an

from graduating, and we are talking about all of these steps that are happening for the kids that are not graduating, why did that not happen in ninth grade and why in 8th grade and why are we waiting until the last minute to insure their success, this resolution was passed in 2009 and implemented in 2010, and we could have been taking all of these steps from the moment that those ninth graders failed algebra from the minute that the tenth graders were failing or not getting access but we didn't and we waited until the last minute what are we going to do for these 758 students and the additional students that are worse off than just one class? and i just want to talk about transparency and accountability, because i have myself and my predecessor before me, we were part of the new graduation task force and having emailed several times as well as georgia williams from the pack, and getting no response, around what was going to happen, after the new policy was passed, and it is also concerning. and so, it does not help when you get these in april, and if people were asking for it in febr

there are lacerations, puncture wounds. we are yet to learn how deep these wounds are. as we know, a knife is a deadly weapon. the fact is, there are 20 students now that we are able to confirm that were injured in the stabbing this morning. they were flown by medical helicopter to facilities, no word yet on their condition. they do range in age from 14 to 17 years old. as you have just said, the alleged perpetrator of these crimes was a student at the high school. he is now being held in custody. you know, carol, a deadly weapon can come in any form or fashion and a knife is definitely that, a deadly weapon. once again, this is in pennsylvania, a state that is very, very serious when it comes to attempted murder. >> authorities just told me -- dan stevens just told me that those injuries probably are non-life-threateni non-life-threatening. do we know anything more about this student, about this high school franklin regional high school? >> this is just coming into the newsroom. we do know regional high school is outside of pittsburgh, murraysville, pennsylvania. the f

alexander mentions that there are only 20 medications that are heavily advertised. but they're for of the most common ailments, like heart disease and diabetes with these dangerous interactions and is that the case? the medications for the most common illnesses? >> it is. you see one of the newer diabetes medications, that we advise people not to use. and that's a drug prom odd television, and it's a drug for commondies, and then this low t syndrome, reported on sports shows and news shows. every night i see commercials for that. and many of the people getting the drug do not have the disease or the disorder for which the disease is approved for. >> 80% of the drugs that are sold in this country are generic drugs for largely cardio vascular diseases that are not advertised so i would disagree that they are. and that's not true. >> this one just came in: >> coming up, america is fend ant on its meds, and would we be happier with less pharmaceutical? >> i'm actually quite nervous... >> as u.s. forces prepare to leave afghanistan, fault lines brings you an eye opening

>> if you are a politician and you are going to make policy, are you going to look to gather everybody by one small dollar or a vote at a time, or are you going to look to a shelton adelson -- >> why is everybody online for the welfare checks then? who is rigged towards? why do we do all this then? >> politics, you put it to minimum wage. don't create jobs, don't do anything to actually help the economy, let's just have corporations with large amounts of money hire people they don't need. that was your last jobs plan. >> you out there can jump into the debate, #bullsandbears. >>> why are they sounding the alarm sounding? while you were paying your tax bill this week, the tax man and bears." >>> are you feeling down? well, how about a bonus to boost you up? all you need to do is work at the irs, the same agency you probably just wrote a check to will be doling out over $60 million to boost morale for its employees. bonus are just plain bogus? >> it's every "b" word you can get away with saying on a saturday morning on tv, and we are working our butts off and we have to pay uncle sam, an

the sounds are mimicking the environments in your mind are a dream world to explore.ravel through the fields, rain forests and night of the zombies. but does it really work? there is a stud yes revealing the dream on is effective in altering the last dream of the night. what does that really mean for you? it is truly a recipe for the sweet dreams. we have guests to discuss this. we have creator of the dream on app, richard, he's author, the latest book includes the research on the effect fiveness of the app. joining us in the studio, professor of psychology at harvard and the dreaming and problem solving. and skype is ryan herd, author and founder of a website. it is i will illusive dreamer. the book is called dream like a boss. welcome everyone. so dreams are fascinating and so weird. >> yes, to me. >> where do they come from? >> welcoming from the brain in a very different bio chemical state than the waking thoughts are generating but still about all of the usual thoughts and concerns but in this very visual, very emotional language than in the usual verbal logic. >

stuff we are going to take and we are going to study. and we also have made sure to do distribute these spaces across the city, we don't want them all clustered up in the north east corner of town. and it is a fuzzy diagram, but we divided the city into three piece and we are abliging and insensitivizing the participants to get out of downtown and so the permits, or the monthly permit fees, $225 a month in the downtown north east corner of town and there are 150 a month in the middle tier and then in the outside tier they are $50 a month and it is cheap tore do the things in the sunset and we have required to put 15 percent of their permits in the outer band and 15 percent in the middle band because we really do want this to be a city wide test and we don't want to prove that it works on russian hill and the castro, we know that it will work there. but will it work in the sunset? that is a real test. and we have also put out strict guidance and we are not going to permit more than two per block and you can't use the colored curb and we a

more from tholing 0 willing are are are 0 -- we will hear more from them and we will hear more about what happened during this incredible story, christain captain ktvu channel 2 morning news. >>> the teen is incredibly lucky to have survived that long flight from san jose to hawaii in below freezing temperatures. we will show you a picture on a 767. it is a maze of cables and pipes with very little room and it is six feet above ground. he would have to curl up as small as possible and hang on for dear life. >> it is amazing to have the landing gear closing up on you. >> they say the teen may have gone into a hibernation state during the long trip from san jose to hawaii. >> they have now given up on plans to build the waterfront. the warriors now are planning on the bustling mission bay area with concrete grass and weeds out there but it is set to become the new 18,000 seed home between the bay area and the franchise. they agreed to buy the land and they planned to use that that land for them and i think the compliment uses the infrastructure we built in mission bay. >> they plan on

they are meeting with the french president today. they are keeping an eye on this.overnment said not to oppose the ge bid. -- setboss of ge is that to meet with the french government. that is a significant statement. this levels the playing field a little bit more than we had first entered -- anticipated. a it has been a massive m and segment this week. they were interested in acquiring alstom for $100 billion. the proposed buying the drugmaker on january 5. let's find out exactly what is going on here. she is joining us from a geneva. she is a pharmaceutical analyst. good morning to you. from your point of view, does this transaction makes sense? let's start there. >> absolutely. that would be the biggest ever acquisition in the pharma industry. .fizer would buy astrazeneca that would increase acquisition deals, which is one of the highest this year. >> but why? why would they do it? what makes this such a great deal? story? doesnergy this sm to do with oncology? has already rejected a deal. why does this make sense? >> astrazeneca is a very focused company. point

but remember, incomes are much lower than they are here. at the to --oking are looking at energy prices is almost symbolic. >> ryan chilcote on the latest in the gas story coming out from russia and the ukraine. following his defeat in local elections, france's president francois hollande has replaced as prime minister. the reshuffle was widely expected, but marks a turn in french politics. tell us about the new man? i have to say i don't know a great deal about him. well, he has actually been one of the most popular among the french ministers in the previous government. his popularity has been rising just as francois hollande popularity was plummeting. he is considered on the right-hand side of the socialist artie. some might call him a french tony blair. he is in favor of more flexibility to the labor market heard he does not hesitate to criticize the 30 five hour week. he also favors some kind of social vat in which we could see lower taxes and wages in he isge for exchange -- popular and that is what francois hollande is looking for. it

are getting to market and are -- they have huge revenue.tech index is outperforming the s&p 500. people realize that money can be made in that space. is there a selectivity in which companies are being valued very high? i do not consider a bubble. i consider discriminating against investors who are still excited. >> dr. beth steinberg, thank you for sharing your work with us. we do not get to talk about biotech very often. it is incredibly important. >> thank you. pleasure to be here. >> a security firm symantec said that we have entered a new world is either reaches. we are talking to the coo coming up. ♪ >> welcome back to "bloomberg west." 2013 was the year of the mega-breach. there were data breaches of bigger payouts. half a billion identities were exposed. just before news broke, corey and i sat down with the chief operating officer of symantec. we asked about the biggest concerns today. >> there is the introduction of the term that we call the mega-breach. 10 million or more identities stolen through malicious activity. >> there was

african american, and 42.8 of them are on track and 32.2 are missing classes and 19.2 are off track up to one semester and 3.1 off track up to one year and severely 2.6. and so when we look at this, and when we cross-reference this data, that the. inger african american student is off, 2.6 classes just three, and i think that this is the or where the less than 50 percent, because we have and we are going to, and we have the end of the semester is basically in one month. and then we are starting summer school. and we see that there is 32.3 percent, that are missing classes, and of the african americans are missing 2.6 classes, and we may be able to capture some but we will not be able to capture all. yet. and seeing... >> but that is including the summer graduation. option. >> yeah. >> which was presented at the curriculum committee. >> the summer graduation we don't know the numbers yet. but we know that we are offering summer school at many of the classes and just the courses and but it is also means that this is a very rigorous summer, academically, for some of these students. som

while there are things that society does to us, there are things women are doing.e overthink things. that is partly in our brain. our brains are not wired for confidence. we are permanently analyzing things. john seemed cross with me. my boss seemed irritated. we carried it for days and days. you laugh. >> this is the one thing women seize on. ruminating, the negative soundtrack that goes. women do that constantly. that kills confidence. it keeps you from acting. i think one of the many breakthroughs we had was a professor that helped us define confidence as the stuff that turns thoughts into action. that made it so clear for us in terms of what is going on as women. women will sit and think. we missed the opportunity to act. >> the importance of confidence. >> some of that is nurtured. children in school are treated slightly differently. from the young, girls are given this ideal they should be good girls. disciplined, not open to conversations, not run wild. and they didn't, and then they carry on doing that. we encourage perfectionism in our girls. >> there's a

the police are scared. they are very nervous. they are outnumbered and as you said it's a war zone and something needs to be done. giving speeches at a podium and keeping guns out of the hands of rest of the citizens of chicago isn't working. >> it's gangs shooting up gangs in chicago. there's a lot of example of young kids -- >> who are caught in the crossfire of gangs, if you look at the -- >> it wasn't crossfire. it was someone going after two kids on facebook. >> for the most part, the children who are getting killed there are getting killed in gang violence. it's probably safe to say that 90% of the murders that take place here is because of drugs. chicago is where drugs are centered. it used to be detroit. i see the question here the justice department has now put 22 new prosecutors in there to deal with this. los angeles dealt with gangs pretty well. this is not about legal guns illegal guns. this is about three or four warring factions that are no different than they are in beirut. >> i think they are elizabeth -- -- libs

we are confident that the u.k. and canada are doing well. we are confident that the u.s.europe is still uncertain. wey are heading more where have two ees. everything i read in terms of what the ecb -- negative rate's, simulate quantitative easing. it is probably not what europe needs. what is your sense of what will have a dramatic impact for investment here in europe? >> we need a cheaper europe. that is a huge job -- drag. >> how does he get the euro down? >> the dollar will go up. it will accelerate on the back of a tighter monetary policy. >> mario draghi needs to be -- he can't live on a hope and a prayer. the sense that the dollar is going to go higher. >> he can inject liquidity. well ago to negative interest rates or bond buying? he is waiting for another three months of data. >> rate to have you with us. -- great to have you with us. alex friedman, the global ceo. we will try to have a selfie. --will get technology >> very good, manus. you are a disruptive influence. davre pleased to see that os exists outside of january. >> the world's most famous cycling race

there are some justice who are raising children that are not dropping out of school.nd then there are those who and gangtitutes bangers and became reformed through god's grace. they are witnesses that redemption and transformation is possible. what we do at the center for neighborhood enterprise, we go, like a geiger counter, all of for these high crime neighborhoods and we go in and look for people like the two types of josephs. people who are in poverty but not of it or people who have been redeemed from it. and we provide resources or access to resources so we can learn from these josephs to determine how we can then rebuild low income communities from the inside out. and then we are recruiting toraoh's -- good pharaoh's partner with us. they have money, expertise about to build businesses. rather than vilifying the rich, why don't we ask the rich to show us how to create wealth and generate jobs in our communities so that america can be rebuilt and return to the rich traditions that make us exceptional. host: byron, baltimore, democrat. caller: am i on? host: we a

remember that the base that they are starting from, these are folks that are already paying that deeply discounted fare. it's not a discount from a $66 fast pass. it's a discount from a $24 fast pass. that's our best estimates. i think in terms of how the pilot played out, i think the revenue law ended out being less than anticipated. it's imperfect in terms of estimating. i think we know how many people are buying the passes but we don't know how many are buying the discounted pass. the estimates on the youth seem to be reasonably accurate. >> quick question for you. how are you determining low income and middle income individuals? >> it's based on 100 percent of median income. what we did for youth which is what we propose to do for anyone else to whom will be expanding is a self certification. we don't have the means nor do we want to get into business of reviewing people's income tax returns. they basically fill out a form. i don't remember if it says write what your household income is or if we figure it out and we give them the data. they sign a form in terms of whether they meet

we know what the realities are that these are options that are being addressed in other forms, we think it's a prudent thing we clearly understand the impact on our members. this is not a suggestion of direction in anyway, but rather an analysis of it so we have a full understanding of what the options are. >> yes, sir. >> thank you. >> so all of that material is there and the big message is that because kaiser lowered the rate in the county which we brought to you before went up, what happens is you create a phenomenon that is no longer reality, but it is a calculation called gap dollars where the premium is not as much because of the reduction as what the 10 county says the deal is. all i need to do which does not preclude us from deciding which way to go is to ensure i'm doing at a piece rate. at the end of the day what that does is zero out the employee and employee plus one. they are paying nothing because of the reduction in the rates compared to how the form formula has been established. i want to share with everybody, if you go to page 15, you can see for year 15, we have two ze

what are they doing, what are they looking for, why are they creating all the lists on us? >> it makes a lot of sense. it's a shorthand for a sea of information out there. what is happening is that those data broker lists have become an information commodity. the next step is to use all the information about past behaviour to figure out how we might act in the future. >> who is regulating this? as we heard in the report, the d.n.a. says they do a lot of self-regulation. is that enough? >> absolutely not. >> who should be watching to make sure the information is not misused? >> a couple of faults should be watch, and the consumer financial protection bureau, that's is a start. have we seen them take action and act as a watchdog or do they need action from congress to get teeth? >> the credit score was out there for 50 years, and it was only 10 years ago that federal legislations required that we beallowed to get credit scores, but no protection exists for a lot of new consumer stores. >> give me an idea of some lists they are creating, what consumer scores are available? >>

>> they are extending hours. they are both. so blue shield is contracting with some of the urgent care centers that are popping up. >> how are they getting that information to the members that this is available? there used to be an urgent care facility. >> lisa, deputy director of health systems. each of the aco's would like to talk to you about their intervention and whenever they extend their after hour services and how they have effectively communicated that to their membership. the other thing is that both have done is implement the advice line so that our members and we've publicized that number on all of our material so they are calling the advice line and there might be an appointment available or giving direction and not just saying, i don't know what's open in your area. just go to the emergency room. a lot of innovation. >> all right. >> something i don't remember we've ever really shared at the board level that is as part of the structure there are incentive pay out targets that pay out of the trust to aco's brown an

rose and his team are doing their analytics and they are doing their rigorous work, they are not looking at whether it's county drars or state dollars or federal dollars, it's all taxpayer dollars and their analysis are sound. but i want to leave you with that, it's a message to the state that we don't need the money to support our most vulnerable is difficult when we are back lobbying saying we need this, we need this, and the governor can say, well, you didn't spend the money we already allocated to you. i will leave you with that as a thread of discussion looking forward to the budget analyst. >> thanks. any other questions right now? >> you said thread or threat? >> thread, with a d >> just joking. >> okay, if nothing else at this point, i know we will come back. mr. rose, can we go to your report, please? >> yes, mr. chairman, members of the committee, first of all let me state that san francisco residents, supervisors, as you know pay federal, state and local dollars. they are all taxpayers' dollars so, yes, mr. rourke is correct that we look at these reports to determine whether o

what are they getting right and what are they getting wrong?f tesco's problems are from pure competition. look at the u.k. islands, there has been a massive fall in tesco's size. some of the products -- the problems they have are purely imposed upon them, such as the restrictions on opening hours in south korea. they can do nothing about that. the core of the business is the u.k. they did some great stuff in some of the more peripheral areas like technology, digital, convenience. the fundamental problem remains. they are losing market share from that core supermarket business. lots of issues there they need to correct. some of these will be long-term remedies. you thinkh longer do about numbers are going to continue to be posted? the discounters are being fairly nimble, are they going to keep chipping away? how much longer are we going to see numbers falling? >> we have already seen some measures being put in place. we are finally seeing some signs of a turnaround. >> what about the u.k.? >> i don't think there is any real silver bullet against

these are folks who are used to scale. something that is not just around the fringes. >> i would take issue with one thing that you said, corporate america is very much in our schools. take a look at the vending machine in the cafeteria. but a more serious question for you -- does this need to be a discrete field of study? or can it not be part of accounting, for example? reallyd accounting both get you to financial literacy. >> i am not sure that that is a choice that has to be made. we have embedded ourselves in those classes. certain states are requiring financial literacy as a requirement before students graduate. i truly believe that that needs to be all 50 states. it is one of the core things that students should know before they leave. it can be embedded into an existing class, but it should be a long, definitive, 15 hour course. >> fascinating. tom, thank you. >> tom davidson, thank you. coming up, the share of mothers staying home has climbed over the decade. is it the storage mint, or a choice? next. ♪ -- discour

these are three segments where we are leaders or we are in the top 1, 2, or three.ve global scale and they have great innovation power. the transactions that we talked about are primarily on our smaller divisions. they really encompass three things with dsk. the first is we are acquiring their oncology products so this will strengthen our already world leading oncology business. secondly we are forming a joint venture by contributing our otc business together with the g is kate consumer business and we will create a powerhouse in consumer health care. the third part is we aren't investing our vaccines businesses to gs k allowing them to maximize the value and we get good value from novartis shareholders. we will also announce today that reached agreement with eli lilly to do best our animal health business, creating a very strong business for eli lilly and novartis shareholders get full value for our animal health business. not just from a portfolio standpoint does this strengthen novartis but also from a financial standpoint. if you look at what this will did sue t

what are the number one things that you are hearing that are the bases that are giving people the mostpause on this subject? what are they things are you are hearing people are struggling with the most in getting behind some form of comprehensive reform, which is what we looked like we were going to get out of the senate, to a piecemeal fashion assuming anything goes through. >> first of all, the american people demand we secure the order. they have been promised that once. nobody believes that actually happened. the recession was the great border security. not anything the government did. no administration of any party, my party or the democratic party, has ever done anything to enforce visa laws. it has been a sieve. the american people generally offer immigration reform. the status quo is about the worst thing we can have. immigration reform, they don't want to go through this again. they have been promised this once. fool me once, shame on me. it is important to people. econdly, people want to be assured that it is an economic and fiscal plus. which i'm comfortable that it is. this

prisons are important and they are necessary.have to remember that prisons are places for people that we are scared of, not mad a t. you take people who are low-level, nonviolent offenders and find ways to supervise them through probation, parole, better drug courts, electronic monitoring. a host of ways that keep them in the community rather than behind bars. in texas, foreseeable, locking an offender up for one day costs $50, having the offender on probation is a little over $3. it is a difference we are willing to pay when it comes to a murderer or rapist. when it comes to a low level caughtfender, a youth with marijuana or one who stole something out of his next-door neighbor's garage, maybe someone who has bounced checks. people like that come out of prison worse than they started. we have to be careful about how we treat those offenders. host: what is your group proposing? guest: we are proposing taking funding that would be going into very heavy-handed incarceration and instead putting a portion of that into improve inform

these are all important platforms and are growing. the thing is, all of these companies are just trying to compete and make their own platforms better and more different from the others. no one has an incentive to help bridge the gaps between these platforms. and makes it easier to build on the competitors platforms. as a person using a phone, this is terrible. i just want to be able to buy a film and have all caps that i want work. as developers, of course we want tools that work across these different platforms. it is really annoying when we have to build the same thing 3, 4, or five times just because of these different stacks. our goal with facebook is to build the cross-platform platform. the tools you need to bridge these worlds. we all want identity across platforms and sharing across platforms and push notifications and app installs and monetization. facebook platform is about, building the cross-platform tools you need to build, grow, and monetize your apps everywhere. ow, it is natural for us to focus on these things because

so they miss a lot of what the chinese are doing, the russians are doing, when they are trying to steal, what the iranians are doing, robust sharing of only those threats can go a long way to help the private sector to protect itself. >> how receptive are companies to share information and get onto your software and take the steps needed to share it? >> what we are seeing in the market is after events like target most recently, the big cyber security compromise, organizations are starting to have that psychological shift where if they don't start sharing cyber threats with their peers, they are never going to get ahead of the cyber criminals. so we see more openness to sharing that started in the financial services sector and it's going to all organizations. mike skinner me an example of an -- >> one of the most recent attacks you may have heard about is the heartbleed attack on the encryption that empowers most of the inner net. they can leverage threat stream off next to watch who is attacking in real time across an entire geo map. >> one about an example of where you guys actually de

we are ready and we are going to take the challenge and the success you are getting us started and we look forward to continue that challenge. on behalf of blue shield, thank you. >> thank you. this is an action item and there is a recommendation before us. >> quick question. the $500 is that the target? we have the target that they are one target where blue shield with aco's? it started back in 2012 when we started with the aco? >> hewitt. sir, they may have had those embedded in their fully insured premium. but i didn't know what they were. the ones that i'm aware of are the ones for last year and the ones for this year. >> okay. when we started the flex funding. the recommendation we are putting a policy to start for that we hold related to aco that will be doing it starting 2014. that's your recommendation, right? >> because you are so pragmatic and thorough with your policies, we are all hss believe you should have a policy that says why this money is on the balance sheet. the reason is to pay out the incentive targets. there is a maximum pay out that's calculated prior to the fi

there are other ceos that are well underpaid. >> there are. stanley,eos at morgan bank of new york, ups -- they all had returns that exceeded the s&p last year but had paid that was below the going rate. >> what about the overpaid ceos? >> there are plenty of those. we had coca-cola, citigroup, ford, at&t -- they had returned that lagged the s&p and pay going over the rate. >> these are all interesting numbers. we love to hear what top executives get paid. the impact of this study or the results of this? >> ceo pay will almost always go up when a company's performance improves. it does not always have a decline when performance goes down. it tracks one way more than the other. >> interesting. thank you so much. let's switch over to defense. chuck hagel wrapping up a meeting with asian defense ministers and white. heading to japan today. all part of the obama administration's much talked about tidbit to asia. the tragedy of fort hood is following the defense secretary. peter cook sat down for exclusive interview with hagel in honolulu and join

thatere are two new facts are notable. one is the observation that we can now tie a decrease in crop yields in much of the world to climate change. that is new. we might have expected it in the past but the new studies suggest we have seen it already. there were far more places where crop yields had decreased due to climate changes them places they have increased. potential future consequences are immense. usually we have to expect an increase in crop yields. about 10 or 15% per decade just to keep up with appellation growth. change indual lifestyles where they are adopting our semi-gluttonous eating habits where they getaway from grains and eat the stuff higher on the food chain. you have to keep up by increasing crop yields. what is happening now is that it has leveled out. we are threatening to fall behind. people will fall through the cracks and you will have more malnutrition and more starvation. >> what would you add? >> this is a good example of how uncertainty does not weigh in our favor. sometimes you hear the arg

in addition to that, are other - are human actions to blame? >> yes, they are. unfortunately. the san war king river suffers from an outdated water management regime, which allows too much water to be diverted from the river for a variety of uses. under good conditions, 70% of the flow of the san war king river is diverted for agriculture, domestic, smiling drinking water for millions, supports agriculture, and result the river faces a host of problems - water quality, habitat problems, flow interruptions in any given here, as much as 100 miles of the river can run dry. the diversions are really damaging the river, and have for a long time. drought is a natural phenomenon. droughts come and go, there has been droughts before in california, and in the future. the way to deal with the droughts is to put in place a modern management regime that emphasis conservation, aquifer recharge and other 21st century tools for managing water and conserving rivers. >> you say it can be managed. many of the things you point out are things that are human needs, we need water for. so there are

if you are a ceo of a company, many of them are sitting there, happy, don't want to move, they are playingefense, not offense. >> that is a very good question because if you go back over the last couple of years, the money that put their money to work in did not do as well in terms of share returns, it and you can see that. share buybacks were the big thing, and big dividend payout, comes out in terms of big dividend returns. if you pay, your incentive is not there. productivity goes down, you cannot get as much out of your yourrs for the money, and profits go down. if you look at profits over the it economy, not just the s&p 500, it has been trending lower and lower. with those two things in mind, companies want to start spending. >> what is the relationship between capital investment like this and durable goods and employment goods? >> be more we spend to make stuff, it means more people get jobs. caterpillar reporting this morning they are raising their forecast because they are starting to see companies increase spending in their company. that makes it the stuff. where to look for othe

fighting for their lives this morning. >>> we are live in san francisco where rats are becoming a problem in one neighborhood, we will tell you which area, and hear what one neighbor has to say about it. >>> and the leyland yee case has police on high alert in one san francisco neighborhood, the crime worries in the wake of the reason arrests. ktvu channel 2 morning news continues. >>> thank you for joining us, i am pam cook. >> and i am dave, we have a lot of high clouds over us and more clouds to the north along with patchy low clouds partly cloudy skies in the morning here, no doubt about it, we will go for a high of 66 and those clouds will be on the increase later today. it looks more terrible than it looks. look for a lot of cloud coverage and probably late tomorrow, it looks weak and this system will fall apart and there will not be much but it is definitely skipping and patchy fog as well. we have a week of rain, 60s on the temperatures, here is sal. >>> it is getting more crowded all over the place, one is at the bay bridge toll plaza and you can see traffic is beginning to slow

very few people are saying we are in bubble territory. >> you are the first person. >> no one wants toave the because no one wants to break it, because everyone wants to cash out before we see it over. >> are we in bubble territory? not, are not dramatically the majority of companies being flows whicheal cash is quite different from the 2001 time. the multiples are getting up there, the multiples in revenue and cash flow are getting higher. 10% pullback that we've seen in the nasdaq this far is likely to have some impact on the late stage round of editing is likely we will see some moderation because of that. broadly defined as a bundle ball chasing company that has no business model are things or proposition that is not accurate. >> do you think the growth we are seeing a sustainable? the funding round, is that not sustainable? of thethe valuations companies are sustainable, but it do not know if they will continue to accelerate at the same pace they have. in many cases investors are looking ahead at next year's revenues and pricing some of their investments off of that. that growth r

how are you?ou look at the recent talk from march 5 and you saw the selloff, is that the correction, the shakeout that people were looking for? have been ad completion on the correction, although there is a lot of uncertainty related to that at this point. nonetheless we will obviously take a look at the market through the prism of the s&p 500. what you see is since march 5 the s&p 500 is down slightly. the technology sector is down less than two percent. but some of the internet sub industry is down anywhere between 14% and 20% with individual names that i think a lot of your viewers and listeners are very familiar with , down 20% or more in some cases. been doing isve actually seeing those declines in stock prices to some extent as opportunities. in the last week or so we have upgraded facebook to buy from hold and pandora as well. we have also seen names that we , like forive on example, twitter, we took that stock up to a hold from a cell. so, we are seeing the declines in these names presenti

because the rates are higher. >> are you getting people that are surprised because when you do the calculationou look , 39.6%.taxable income on -- 29% onercent capital gains. any formal care act as a separate line item on your tax return. -- and the affordable care act is a separate line item on your tax return. of people are writing checks out today and tomorrow. >> or filing an extension. paying something because you don't want to underpay and then be charged interest. >> or a penalty. >> middle income with old collecting social security -- both collecting social security, that is as much a tax issue as it is a benefit issue. >> if you are both collecting social security and you have even a modest amount of income, .ou will pay on 85% that is an example of where a married couple will pay more tax because they are married than -- had both of them remain single. a reason for senior citizens not to get married is if they are both collecting social security and have modest incomes. >> is that one of the consequences of the tax code? >> it is a marriage penalty. >> wasn't consciously written into

okay, there they are. csh is a national non-profit, it has been around for 22 years, and we promote housing as a platform to improve the lives of vulnerable individuals. to maximize these of public resources, and to build strong healthy communities. we do this through our 4 lines of business. and so i am just going to launch into our presentation again, thank you very much for inviting us here today. and i am going to be talking about research regarding cost effective strategies, around homelessness, and first of all, just to mention that housing is the most basic determinant of anybody's well-being and without it, the people cannot access hygiene sources, of food and nutrition food and they can't store medication and they can't find places to sleep. and they are frequently incarcerated much more often than others who are housed. for that reason, homelessness is very expensive as you have been hearing this morning and some of the great studies that confirm this. and the first major study proving that homel

you are committed. am i right? >> they are different.irst of all my husband and i were only separated emotionally. we do this thing that is different than the conscious uncoupling that they did. we do the unconscious coupling you know, i have to think of -- i am on a beach. it is almost over. i got to go in another place. >> it's a good place. >> and then 30 seconds later it is. >> it he is not here to defend himself. >> is open marriage code for i want to sleep with your friends? >> i am in a happy marriage. there is no question about it. >> pretend you are somebody else answering that question. >> yes, it is. open marriages -- if that's what you like, go for it. what can i say? people around me. nobody is listening to me, right? open marriage is fine. >> this will not air, ever. >> then i'm good with it. >> do you think chris martin figured it out after the first year of marriage that she was nuts and insisted on the open marriage. >> she was like have these sprouts. he was like i can't do anything with that. the only open marriage i a