jay edwards, senior property manager. i want to congratulate the commissioners for the reappointment, commissioner adams and commissioner woo ho and welcome commissioner gilman, looking forward to working with you closely. so, we're going to -- what i thought we'd do is give you the background. talk briefly about a retail leasing policy going to the proposed business terms. talk about our financial analysis. and then give you our hopefully, our recommendations to proceed with the first amendment to the boudin properties leased for extension of two ten-year options to extend the lease based on their investment into all facilities. so, by way of background, first of all, we like to congratulate boudin for being the oldest continuing operating business in san francisco. that's quite a legacy and we're very proud to have them as one of our marquis tenants in the fishermen wharf. locals that come to participate in their facility that was constructed in 2005. and just a brief refresher, it's a two-story new building that houses

jay powell. we will get more from our edward lorenz. >> good morning, sheryl and kristina. a quarter% of an to the interest rate to the federal open market committee would eliminate the forward guidance in their statement that talked about more rate hikes in the future and the addition of news conferences after rereading starting in january. jerome powell painted a rosy picture of the economy saying wages are rising. lower unemployment in the future. >> i think we do believe it has moved on significantly over a long period of time. it seems to be driven by slow-moving variables like the education level, functioning of the labor market, things like that. it may have moved on, to on a cyclical basis lower if the economy gets higher and higher. >> price of oil to the end of the year. an increase in inflation because of that. another uncertainty is trade policy are rising a think it's fair to say. also coming are beginning to you for the companies holding off on hiring people. right now we don't see that in him the numbers at all. >> the fed chairman says the corporate tax cut