autodesk requested an early termination right at 36 months. if their business line does not work out, they would like to escape police. -- the least. having the alternative of taking all the improvements and stopping is a very good option for us. we have agreed to that. these improvements will add value. the build out, their portion of it will be a second floor. we will get a 5800 square feet, we will get another 2500. i will be back to you on september 11 to ask for approval. the rent abatement. is not consistent with the port commission approved parameters. all the other terms of the lease are consistent with that. that concludes my presentation. >> public comment? commissioners, any questions? thank you. >> thank you very much. >> request authorization to issue a request for proposals for a restaurant opportunities site located a295near pier 48. >> asking your permission to issue an rfp. this site was formerly run as a restaurant. valdes was terminated in november of 2011. the site was a freestanding building, about 3000 square feet. the bu

it's gained business from companies like zynga, bank of america and autodesk. today jpmorgan also raised its price target to $45 from $40 with an overweight rating. that stock is at 34.50. i want to show you facebook right now because obviously with all that's been happening with facebook, this stock actually today everybody hitting an intraday low just before the start of this hour. let me show you really quick here the intraday chart of facebook. there you go. 18.10. so another rough day frankly for facebook. we've got team coverage of the impact from isaac from the rescue efforts to the financial

the other software maker reporting earnings tonight-- engineering design software maker autodesk.after closing at $35.71 per share, the stock traded down 22% after the closing bell, below $28 per share after announcing a restructuring effort. second quarter earnings were a penny less than expected. revenue was a disappointment. it then lowered its full year revenue forecast. autodesk wants to restructure toward cloud and mobile computing, costing an undetermined number of jobs. for the seventh session in a row, gold moved higher. it's on pace for its best month since january. tonight's settlement at $1,672.80 an ounce is a four month high. gold has caught a bid as talk about more federal reserve stimulus has picked up. but interestingly, while stocks cooled today over some federal reserve president comments interpreted as doubtful about new help, gold kept climbing. all of the five most actively traded e.t.f.s were lower, led by the 1% drop for the financial sector fund. and that's tonight's "market focus." >> susie: seeds are a $12 billion business for companies like monsanto and

it was a much different story for shares of autodesk. late yesterday, the company missed quarterly revenue targets and cut its outlook, causing one analyst to call it a horrendous quarter. today's selloff of nearly 16 percent means autodesk has erased virtually all the gains it added since october. one last noteworthy stock: disney. it continued to trade near its all-time high of $50 a share. "time" magazine is reporting that disney is holding internal talks to potentially buy euro- disney. it already holds 40% of the theme park. and among our e.t.f. most actives, there were gains across the board. but our emerging markets showed the smallest gain. and that's tonight's market focus. >> susie: our market monitor says no matter what the fed does or doesn't do. investors can still make money investing in mid-cap growth stocks. he's brian lazorishak, portfolio manager of chase investment counsel. hi, brian. nice to have you with us. >> hi, susie. nice to be here again. >> susie: so you're pretty much thinking still over the next year, year a

the 10 three gainers, autodesk and autodesk with a 3.3% move acquiring assets from another company.inuing their investment in product life cycle management. that's what i was trying to say. the stocks are higher and we're watching stocks like lam research in the green today and last but not least, all eyes on apple yesterday after it closed at a new record high, trading slightly lower today, 673. keeping an eye on google as well wondering how that verdict in the samsung suit will impact the company, they're saying not that much, 1% up today. back to you. >> we should note yelp is another big mover, shares sliding ahead of expiration of its lockout. remember it debut the march the 2nd, up 25% give or take since then. let's send it to the west coast with julia boorstin. >> hi. 57% of yelp shares could hit the market. they're down 3.7% after being down as much as 4.7% earlier today. the fact insiders didn't sell shares in the ipo is raising concerns some could sell shares tomorrow. venture investors do tend to sell soon after an ipo and elevation partners and besimer venture partners h

informational presentation regarding police l-15169 with autodesk with a term of 66 months. >> i will give you a quick presentation on police before you -- on at the least before you. their flagship software is used in the architecture, engineering, construction, manufacturing, entertainment. the last 16 academy award winning films. recently acquired a web based company. it is a company that specializes in do-it-yourself projects. an easy way to understand what they do, it is social media needs the makers movements. they have acquired bad. they have a space need to accommodate. they approached the port. that was a nice phone call to receive. we decided that pier 9 would be the best alternative. the lease is for about 3000 square feet of office and about 5000 square feet of unapproved -- unimproved shed space. the office has been vacant for some time, about two years. the negotiations have led to rent of about $13,000 per month. rates in line with the port commission approved parameters. it would be increased by 3% on the first anniversary date. they're willing to make a very significa

. >>> autodesk announced major job cuts after disappointing earns. they said they would cut 520 jobs. some of the cuts will reportedly be in san rafael. second quarter results fell short of expectations. stocks were down more than 15%, closing just above $30 per share. >>> some high-end retailers are set to open up stores in livermore. the new paragon outlet mall will open new stores in november. the mall is looking to hire 2,000 workers as well. you'll find more information by going to www.ktvu.com and looking under web links. >>> oakland mayor jean quan honored graduates of the city's summer jobs program. dozens of teenagers and mentors all gathered at city hall. the mayor says these kids have taken a first step toward a successful future. >> we know that kids who get a summer job program are much more likely to graduate from high school and go to college. and much more likely to get a higher gpa in high school. >> 1,000 students took part in the summer jobs program this year. that is double the number from last year. >>> senator joe smideon wrote

. >> this took for autodesk is really plunging.hey missed on the top and the bottom line guiding below expectations and announcing a restructuring, so a triple whammy. maria, back to you. >> thank you, so much. the battle over the legalization of marijuana is heating up. 17 states and the district of column bee why have legalized medical marijuana. brian shactman joins us now live from the mile high city of denver colorado, brian. >> a lot of good pot humor today. this little baby will grow into this full grown adult, and there is a adult conversation to be that here. a lot of people think pot politics could have an impact on the race to the white house. >> the total comes to $217. >> this is a marijuana purchase in denver. >> can i just get like a gram. >> if amendment 64 passes in november, legalizing marijuana and regulating it like alcohol, it could be worth least $60 million more in taxes. with a pro-pot win she says she'll be back in business. >> i know that amendment 64 has passed and i'm fights for that. >> the medicinal ma

liz: a miss on a plummeting stock price for autodesk.et's get to adam shapiro. >> their stock is down roughly 21%. part of it is a miss on revenue. they're going to restructuring cloud delivery. in connection with that restructuring they're also lowering their guidance going forward. ashley: they also had very high exposure to europe which wfk is also hurt them. thank you very much have, adam. time for a look at today's market drivers. all major indices closing in the red. the dow ended down the 4th day in a row, the longest losing streak in three weeks. new home sales rose 3.6% in july. this match ad two-year high hit back in may. the commerce department reporting sales of new homes reaching 372 over the past year. sales have jumped 25%. >>> fixed mortgage rates moved higher last week for the fourth week in a row. the average 30-year still low, rose to the 3.66% from 3.62% the prior week. >>> july new home sales we mentioned. 3.6% increase from june, 7,000 higher than analysts expected. could the market have finally bottomed out. liz: h

it's gained business from companies like zynga, bank of america and autodesk. today jpmorgan also raised its price target to $45 from $40 with an overweight rating. that stock is at 34.50. i want to show you facebook right now because obviously with all that's been happening with facebook, this stock actually today everybody hitting an intraday low just before the start of this hour. let me show you really quick here the intraday chart of facebook. there you go. 18.10. so another rough day frankly for facebook. we've got team coverage of the impact from isaac from the rescue efforts to the financial implications. we have jeff flock in laplace louisiana. lauren simonetti at the new york stock exchange. and sandra smith is at the cme. i do want to start with jeff flock where officials are continuing rescue efforts for residents there. jeff? jeff: i appreciate that, cheryl, because i'm standing in the rain again, believe it or not. the rain still comes and goes here. this is not what these rivers needed that are around new orleans that are already swollen and only

from the return on retirement to disaster du jour and that disaster is autodesk. that stock down almost 16%. on a big earnings miss. they cut the guidance. eps light. sales did rise 4.2% year over year and missed a consensus revenue number. the guidance of 40 to 45 cents very consensus of 50 cents. >> cutting 500 people for restructuring. sad. >>> big ray of sunshine f eli lily. the alzheimer's drug did not meet the primary end point of a study and it did slow cognitive decline in some patients and still hope for the drug and that's reflected in the stock seeing here today. >>> all right. there is a busy week ahead, folks. on monday, the republican national convention hopefully begins in tampa. we're going to keep a watch on tropical storm isaac. and chicago fed president evans and cleveland fed president speaking out. >>> and tuesday, the index of home builders and consumer confidence. wednesday, real gdp and -- maybe that's china. pending home sales. paul ryan is planned to speak at the rnc. thursday, it is mitt romney's turn at the podium in tampa. we also get

stratasys and 3d dragged down i guess in relation to the autodesk results. over to you. >> thank you. >>> dual milestones and big money. one to do with apple and one with warren buffett. the right trade on both stories is an amazing year. >>> is this the revenge against the royals? more power lunch coming. but first, five big friday movers. [ male announcer ] let's level the playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. organic artichokes, organic lettuce, organic kale... does your cauliflower have a big carbon footprint? not at all. that's great. melons!!! oh yeah!! well that was uncalled for. uhh... mr. gallagher. incoming!!! hahaha! it's wasteful. you know jimmy. folks who save hundreds of dollars switching to ge

. >> autodesk is going to lay off 500 employees. globally the company employs 7000 people.announced thursday after disappointing earnings. stocks tumbled by 21 percent. they also are going to hire 500 employees as it is shifting from traditional saw for two mobile applications. >> the tropical storm isaac showing die-hard fans. >> this live look at the golden gate bridge. still a very heavy blanket of fog. traffic's before moving easier. we will be back. x announcer these fans are going to stay. >>marty: take a look. these fans are die-hard fans and dedication at a pre-season between the dolphins and the falcons. during the fourth quarter the torrential rainfall moving in 23-6 = final score. >> blame the rain. >> this quick look outside it looks like a beautiful blue skies. but heavy fog. >> that looks like quite the shot. >>janu: good morning. you can see the fog covering the golden gate. we are waking up to dense fog and mostly clear conditions. breezy and a bit of a warm up. taking a look at temperatures pretty slow to warmer. 50s in the north bay. and 60s currently in s

autodesk with a nice pop. up 2.9%. back with more after this. . .cing 78% of the oil production to shut down. we have sandra smith. >> oil climbing to the highest levels of session and in fact the highest levels of past couple days we've been watching oil prices. remember they fell yesterday but came back today. oil prices up .7 of 1% right now. closely watching natural gas. this has been on the decline. actually down more than a percent today. and has been a dropping for the past couple of days. but rbob gasoline is the one everybody is watching right now. this happens to be the biggest mover. it is still down about 1.6%. this was the big mover to the up side yesterday when many of the refinery closures were announced. they got a boost. now it has come back and taken back a lot of gains from yesterday. here is what we're watching in the stock market. particularly watching big oil companies like exxonmobil. collectively now we're seeing a lot of big oil companies moving to the upside in afternoon trading. exxon is up. chevron shares are moving highe

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