when we started negotiations with cypress, cypress seemed to understand the terms that were put into the rfp, so their proposals to us were consistent with what we were looking for specifically, that the two positions in question were not include as line items but were built into the overhead of the actual cost structure. >> okay. i think i understand that. >> director, do you have a question? >> no. >> director, any other questions? do i have a motion to approve? >> yes. >> do i have a second? >> second. >> all in favor aye. >> aye. >> motion passes, thank you. >> director item 12 discussion and vote pursuant to administrative code section 67 .10 as to whether to conduct a closed session. >> a motion to move into closed section. >> directors, they're coming back into open session, we'll wait a moment for sfgtv. alright. item 13 announcement of closed session, mta bedaubed of direct toser went and discussed the harrington case, the board settled the matter, directors, it would be appropriate to disclose or not disclose the information discussed. >> do i have a motion? >> all in favor

patel he states those two positions should not have been billed, then why sit on cypress', as i look at their contract, the two of the positions are listed. the badging clerk and then also the ada, so i ask this board to consider the facts that are rfp was not written correctly and that we studied it, we put our information together. if you say to us that 6 positions that they have here are not supposed to be billed, this is on their rfp and then you turn around and let cypress security do this, it's a big problem. i ask the board to really consider this and i ask the board to call for a special investigation. >> thank you, thank you. >> brad lower. >> good afternoon, my name's brad lower as peter stated, when

patel he states those two positions should not have been billed, then why sit on cypress', as i look at their contract, the two of the positions are listed. the badging clerk and then also the ada, so i ask this board to consider the facts that are rfp was not written correctly and that we studied it, we put our information together. if you say to

one equal three and it turns out at cypress, that's how it works.'re number one in the world in flash memory, which holds the program of a computer in a semiconductor device, so if you look at the processor and any computing device this is static ram, and program and flash memory at the bottom. they're number one, we're number one, and we both make the processors for certain applications, in particular automotive, we're number three. so there's huge opportunity for the company on the top line. investors are says interested in the bottom line where we promised them $135 million in costs coming out of the combined company. that equates to about 35 cents a share without any is happening. >> because you have two headquarters, a double of everyone, so you could eliminate one of those and save costs. >> absolutely right. the expansion people at 1:00 california time this afternoon will come to the headquarters of cypress in our nice auditorium and have the first meeting over here. >> let me ask about the automotive industry more, i think folks are interest

calendar, item 11, approving contract number sfmta 2015-31, armed and unarmed security services with cypress security to provide security services in the amount of 38 million 314 thousand 2008 dollars and 17 cents for an initial term of the three years with an opinion to extend the term for up to three additional years. >> chris carpet, security of investigation and is enforcement, we're before you today to request your approval of an armed and unarmed security service with cypress security for an option to extend for an in addition three, the contract being approximately 38.8 million, it includes a comprehensive package which i will briefly highlight, 30 thousand 832 hours of armed services annually for the protection of revenue sales, collection operation and is special event 159 thousand 497 hours of unarmed security services annually for the protection of 11 bus and lrb divisions with the significant imbacker increase in deployment at muni metro east in anticipation of the increased workload at that division. staffing the 24/7 security operations center at the transportation management s

century of our report we show a exchanger of tables two and three under the proposed initial contract cypress security will provide a reduction in service hours a 7.1 percent reductions and 76 unarmed service hours that's a steno percentage reduction compared to the last year prior contract we state an page 16 of our report that the sfmta advise that the proposed security hours is driven brirm by the department for wages as the department has testified and that's required by ordinance 26014 of board of supervisors and also the sfmta advise as a stated in today's meeting with the proper sprirngs the unarmed services should be adequate to address the needs our recommendation on page 16 we recommend you amend the proposed resolution to include and not to exceed 499 plus for the first 3 years with 3, one year options at sole discretion we've made the recommendation to be consistent with the resolutions that have been approved by the board of supervisors and recommend you approve it as amended. >> thank you very much mr. rose. >> supervisor katie tang. >> i apologize if i didn't hear this i wanted

. >> a resolution to approve the contract with cypress security for armed and unarmed for the mta in an amount approximately $23 million commissioner avalos. >> thank you supervisor president breed so based on the controversy surrounding this contract that is swirling around the contract would like to continue this is to the april 14th meeting. >> supervisor avalos has made a motion to continue to the april meeting second by supervisor farrell we'll take that without objection. this item is continued to the april 14th meeting of the board of supervisors madam clerk call item 11. >> a resolution to retroactively authorize the public health department to expend $33,000 plus for the mental abuse for the support for the period of september 2014 to 2015 and wavering any direction costs. >> same house, same call? we'll take that without objection. this resolution ask adapted unanimously madam clerk item 12. >> item 12 an ordinance to overwhelmed the police code for discrimination against people's gender identity for people the right to get mitigation from the human services and to impose t

century of our report we show a exchanger of tables two and three under the proposed initial contract cypress security will provide a reduction in service hours a 7.1 percent reductions and 76 unarmed service hours that's

details on draghi's plan from the european central bank's meeting in cypress. >> finally, going to start the quantitative easing program. it will be next monday. and we also know now that the ecb is also going to buy sovereign debt with negative yield. apart from that mario draghi left the doors open to perhaps even extending the qe program beyond the current planned date of 200616. it will depend on inflation development in the euro zone. but can say that mario draghi is very upbeat about the economic developments here in europe. now predicting that gdp growth on average will reach almost 2% by next year and deflation will be back close to its target by 2017. ecb is declaring victory without having started the qe program in the euro zone. annette. >> did it give the juice it needs? steve liesman looks at whether draghi got it right and the risks that still remain. >> reporter: the economy has been so tough in europe that the only bulls you can find are like these. the ones in the running of the bulls in spain. but now there are real economic bulls. people not running from a ton of angry

cypress st. >> pam:thank you! we will see you at 11. beth's voice: i know i t's been a while. be honest, i forgot about you. after the farm we were always moving. but something happened. something good. finally. we found a prison. daddy thinks that we c

and this is a country who is part of the -- cypress, part of the european union. if this is the way we're going have countries in that region effect others exclusive zones which are internationally recognized, and at the same time pressure a country in good faith negotiation to try to solve their long-standing problem in terms of the division of the country, it is a horrible set of circumstances. i hope we can be stronger with the turkish government about that this just simply -- i've read some statements and they have been positive in terms of you know, criticizing what they have done. but they are still there. and at some point there has to be -- there is another one of those elements of the violating international norms and not having any real consequences. and the message is you can do that if you happen to be the stronger party. secretary kerry: and we've raised this issue. i have raised this issue. i have met with president of cypress. we -- prime minister. and we've had various conversations. it has been raised with -- excuse me. has been raised with turkey

he was part of the team that rescued a man from the collapsed cypress freeway after the earthquake. >> what struck me about all this, when i looked at the footage, look at the intensity and the passion and the forces to save one life. not to say his life wasn't worth saving but all the focus of the nation on him. i can give you a child every second in every moment that i have shot that needs just as much help and attention. i can't continue to go go down there -- to go down there and spring few supplies, -- [ indiscernible ] [ singing ] [ music playing ] >> reporter: he doesn't know where his video will take him, he only knows he had to do it. >> for more on the archbishop and the civil war, tune into a second look at 11:00 p.m. after the 10:00 p.m. news. >>> game of throwns fans will have something to celebrate tomorrow, they are holding the season premier in san francisco. >> will we see rain drops around the bay area? we would like to. ktvu's meteorologist mark tamayo with the work week weather forecast. for over 60,000 california foster children a pair of new shoes is a small but

cypress semi has rallied 29% after it announced the merger. that's not done going higher.f you bought the stocks after the news broke you still made a killing. keep that in front of you. that's the lesson of this story i'm telling. the performance of these consolidators is a big part of the reason why nxp soared through the roof today. because if it falls in the -- follows in the footfootsteps, you have some monumental gains ahead of you. i think the acquisition for the cash and the stock may be the best semiconductor acquisition yet. i think this could be a game changer. right now it's the 14th large scale semiconductor in the world and they'll be the fourth largest player in the space. right behind intel, qualcomm and texas instruments. i liked nxp before the news broke but now i adore it because it's buying freescale. it will give them a top position on the commuting side too. they'll become the number one chip make efor the auto marketer at a time when the average car is just stocked with connectivity. that's right. everything requires a lot of connectivity. and a lot

. >> reporter: along the muddy waters of georgia's altamaha river grow spanish moss and cypress treeshard and elizabeth jones have come to the place where their daughter sarah died, floating beneath the century-old trestle when a train rumbles across. >> i want to experience it. i want to see what it's like. >> oh, my god. how fast is that going? >> reporter: they have come in search of a kind of closure. yet this day also brings painful reminders of their loss. >> they couldn't get out of the way. >> the arrogance of someone putting my baby on the track and the fear she must have felt. i can't imagine. >> reporter: seven crew members injured by a passing train. sarah jones, dead. and one more shock -- the footage from that day. would be fully edited into a movie scene by the "midnight rider" team to preserve a tax credit, randall miller's lawyers say. a dream sequence in which the main character chooses not to follow his deceased brother to a premature death. these shots, a stark contrast to what would take place just moments afterwards -- chaos, horror, and the death of sarah jones.

i had a cypress hill shirt on. and i had about -- remember the vws that mike d used to wear?to pull them off of cars. i know. i was a punk. i had like 20 of them around my neck. and my friend was like, maybe take it down. like maybe take ten off or something -- i go, yeah, yeah. they were on like rope, like string. and so i went up to, and i'm like, "what am i going to say? oh, my god." so i'm trying to be all cool. and i go up to them and yauch's skating around. he's got green hair. he looks so rad. the check your head tour. and i'm like, "hey, what's up, yauch? and he's just skating around. he's just cool. and i go, "so what time's the show?" [ laughter ] he goes, "what?" i go, "what time's the show?" he goes, "i don't know, 8:00." "cool, man." then i walk back. i'm like, oh, my god! that's the lamest thing. what time's the show? but he was really nice. [ applause ] anyway, ad-rock's here. i'm going to talk to him. i'm cool now. i've grown up. i'm going ask him what time the show is. also here tonight -- i'm excited about this. from the hit show "river monsters" on animal p

we are seeing our friends at cypress. everyone is merging. do you have to merge? >>well, we bought companies. we created this company through acquisition. required connection. >> that's right. cnxt. >> we closed a filter. >> with panasonic. >> we are selective. we'll do acquisitions. we have growth ahead. >> corvo was with put together to stop you. >> i love consolidation. what you have is excess capacity taken out of the system. you get more rational competitors who want to make money. >> okay. >> i think it's come down to a very few competitors who can do the system or oh yented side of the business. that's where our customers are going. >> you saw it coming. you really did. i i remember when the stock was down and out. everything was so -- just looked like nothing could come of it. you made the best one with of the whole group. you really did. >> thank you. >> fantastic work. the stock is down because of this other craziness. the chairman and ceo of skyworks solutions. after the break i will try to make you more money. >> announcer: coming up seismic shift. thi

. >> come on, melissa, cypress hill, insane in the membrane. >> i forgot. >> at least guy was there for >> it's my favorite song. >> because we're all insane in the membrane here on the show. let's talk about loco. el pollo loco shows up. 438,000 shares have traded. the company came out with a beat on the bottom and top line. it forecast 2015 earns per share in a range of 67 to 71 cents. the mid point of that narrowly beats the average analyst estimate of 68 cents per share full year in terms of a forecast. you can see the shares higher. remember, let's talk about this stock in context. this thing ipo'd at a price of $15 per share. as we're showing you right here, it got up as high as $41.70 on the first day of trading intra-day. and then you can see how far it's gotten, all the way down to where it is now. a nice rally year to date. still, it's got a long way to go. this is wound telephone ipos that a lot of people talk about with food. they liken it to what is happening with shake shack right now, if that's the kind of trade we're going to see. melissa, el pollo loco very much a focus

actually in cypress today from mario draghi. was a suggestion perhaps he was more upbeat than many expected. now a 2017 projection on inflati inflation he thinks it will come up to 1.8%, shy of the 2% target for 2007. way too early to be starting to walk back, though, on the dovish nature that they cast. he took credit for the long-term interest rates having come down recently and for corporate lending rates that had a lot to do with the ecb has been doing and he also said that they will buy bonds at negative rates or at least down to the current deposit rate which is minus 0.2. the greek banks are higher today during the news conference he said they increased the amount of emergency lending that is available. you'll remember that they capped out on this short leash at the moment but there was a kind of a -- a warning to the rest of the government there that actually their language or their communication can destroy equity in the banks and they should be very careful. he had this message about returning these banks to a normaliz

c press a chance -- cypress, a chance to plead for more time and fiscal space. >> this is why we need reforms and this is why we are here today, to cooperate. this is why we need fiscal space to be able to tackle the basic problems of the economy of the relationships of the state with the economy and of the state with the society. cons: so the good cop bad cop routine continues between mr. schaueble and mr. c press -- tsipras. it is an interesting to see the way this developed, he has been sending love sonnets to the german press saying he is the most brilliant and intellectual of the finance and now this comes out. it is unclear how this will help. mark: greek banks getting a little help from the ecb. when i say a little it really is. hans: it is $600 million more in emergency liquidity assistance. this raises the total cap to 69.4 billion. but some believe that emergency liquidity assistance should be is is a funding mechanism and here is what mr. vitamin had to say --veidmann had to say. >> both of these conditions had to be met and we had to respect the other conditions that can a

. >> most famous par 3s in all of golf. 16 cypress point. >> 16 cypress. >> who is that?ng on here? is this from the band or -- >> yes, one time when i was in band camp. >> thank you. >> love the pugs bunny gloves. fun throwback photos here. look at that. savannah so "sixteen candles." >> look at my corsage, a conniffer, a whole tree. >> carson you look like a sitcom star oh, that carson. >> your hair is the same. >> it is. >> pompathat is enough of me. >>> unexpected to beauty that might make you look younger. >> revealing conversation with vince vaughn. what he says most people don't know about acting in a comedy. but first, your local news and at grandpa bode, grandma said you used to be out of control. really... i guess i did take some risks. anncr: bode, bode miller!!! trained a little bit differently. a little too honest sometimes. the media is useless. you were out of control. but not always. if you can clear a table without lifting a finger... you may be muddling through allergies. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin. be

and even the semiconductors are doing well intel is not having a good month, but cypress, nvidia up nicelyarmageddon in the commodity complex. just right across the board. no bounce in the gold miners. metals are down today. you know what's going on with oil service. and the strength continues today. let's talk about fedex, because interest thinkings go on with fedex. beat on the bottom line revenue were light on the top line. i want to show you the volumes. the problem here is we've got fuel lower fuel surcharges unfavorable currency rates hurting them. look at volumes for fedex, put up the screen, u.s. domestic up 4%. international economy, up 4%. those are pretty good numbers overall. international priority was on the flat side. i don't consider that very bad. very very slow global environment. for the guidance right now talking 88 to 895. if you put uppernings earnings, look at those, 623 for 2013 6.75 for 2014. estimate analysts have 8.97. maybe below expectations but look at the run this stock has had. the stock was 100, what a year ago. now talking the $170. that's remarkable run. a

mario draghi speaking now in cypress, detailing the ecb's plan for stimulus.o strengthening after hitting 11-year lows to 1.10 but raising gdp for this year, i think, to 1.5, right? 1.9 and 1.5 for next year? >> it's funny to see this is something that they've been talking about, and now, as i've been saying, plants growing in europe. no longer green chutes but deflation versus inflation. need so get some inflation, that's their plan. they'll do. i also think this is going to bring the euro down to a dollar. you know there's just no reason you can own their paper, these rates are crazy. >> that's not an insignificant thing to say we're going to parody. the way people -- 1.28. wow, 1.28. could be going to 1.10. there we are. now going to a buck -- >> have you seen yield? how could you own those with any consciousness if you are a -- if you're a fiduciary there, i think you have to sell those bonds to the ecb and buy our bonds. of course you have to buy dollars first. >> multinationals only 15% of the s&p, something like that. but i want to look at guys selling

internet of things is spurring a lot of really good semiconductor stocks, whether it be corvo, avago, cypress. it is certainly not a pc market. pc do not look at the companies that go -- i said don't worry about c-gate. i'm worried about c-gate. i don't care. the stocks that are down big tend not to recover in a given year. >> corvo was my stock of the month last month. >> if you go to the website of corvo -- >> not cuervo corvo. >> when you look at corvo, what you see is an actual website that says listen we are now able to do better against apple and samsung. if i were apple and samsung, say wait a second could you not put that at least on the website? but that is about no longer being pitted against each other to be able to get business. i like that. sky works -- >> jim, look how good you are. that was the next company i was going to ask you about. >> put together a remarkable company and stocks not done going higher even though it's up 40% for the year. >> piper jeffrey downgrading. >> there's competition in storage. wherever there's competition, you're going to be able to find someone wh

what are we doing right now the terms of the european government, hungry greece and cypress. what have we been doing to talk to them about the steps necessary for additional sanctions? >> well despite some publicly stated concerns, those countries that you mentioned have supported sanctions in the council when the leaders come together. we continue to talk to them bilaterally about these issues. i will take another trip out to some of those countries in the coming days and weeks. when we're also working with the commission itself to continue to design sanctions that if we need to use them, if they need to be applied, have more than effect on russia than they do the european economy or our own economy. that's part of the conversation we have. >> in that consideration design of sanctions does the administration support and what have the conversations been expelling russia from the swift financial system? >> u think it would be better not to get into the details of potential actions that we could take. the framework that we evaluate all potential actions is basically the impact

cypress was under currency controls for a long time. >> folks, we're talking with quotations around -- >> exactly. so not surprised. whether or not it would be meaningful, there's two things to think about. one, in the old days many many european banks held a lot of greek sovereign debt. they don't anymore. so that ability to really crush the banking system has been eliminated. so that's really important. second, the other thing you hear is, oh if greece leaves everybody is going to price in the departure of portugal ireland, you know, italy, et cetera. how would you price that in? you would start selling their bonds, right? but who's out there buying all those bonds right now? >> the ecb. >> so agree if the ecb bought -- >> absolutely. >> some time and stability or lack of contagion from this issue? >> absolutely. compare greece's two-year yield to the rest of europe. what does that tell you? the reason it's spiking all this week -- >> it's two decimal points to the right of what the other guys are. they're 20 the other guys are 0.2. >> exactly. it's really really startling. they've

let's take a look at a live shot of cypress.t interest rates. we will be monitoring that news conference when it begins. we will bring up reaction. you will see right now the dollar is still up against the euro at 1.1060. been fluctuating around that level. it will key off of what draghi has to say. >>> this came out overnight. it is a deal on drug maker abbvie buying pharmacyclics. they will pay a 13% premium to yesterday's closing price. and david toung joins us to discuss the deal. any word of this? does this make sense? can you explain why it makes sense for abbvie? >> i did see this deal coming. quite a bit of news flow about it last week. but the news was that johnson & johnson was going to be the bidder for pharmacyclics. it did catch me with vise. now, it is a high price. you know $21 billion. but i think pharmacyclics is a unique asset. it has the one drug it's got forindication. it's being stutded with other drugs for other cancers, tumors. so there's a lot there beyond just what's already been approved for. >> there m