so walmart, for example, spent almost $13 billion in capital expenditure in 2015.n 2019. charles: right. >> so we are seeing the retailers really focus in on and ramp up their ability to have online shopping. good for the customers. charles: there is no doubt that it's paying dividends in a big way. that's you know, with the pandemic. i do want to switch gears with another area of retail where he see a lot of retail winners. amid the rubble. brick-and-mortar losers, capri holdings, tapestry, pvh, they were slammed earlier this year. what is the deal? from investment point of view, i have subscribers in tapestry. we're in zumiez, in capri and we're doing very well. can they recover? >> i think part of that has to do with the fact that again we're talking about capital expenditure and knowing their customers. so i talked to an executive at american eagle outfitters which is in the same vein as zumiez, they have made their stores, a destination for the demographic they're trying to target and making it parent-friendly. so you see everything that is going on in the wor

now we've had small businesses focused on an unvaried a low price labor at the expense of capital expenditures now and in a world where so many consumers are going to be going to have anxiety about social distancing now you're going to have an opposite trend of small businesses looking to invest in capital expenditures and automate to have a faster extent than they have kind of like the medium and large sized companies in america have already certainly started that process but you're going to actually have even the small businesses that employ 47 percent of americans prior to the current of the current of our virus outbreak you're going to have an even smaller segment of the population that is brought into and under the small business umbrella and which is a a main huge foundation and source of innovation and entrepreneurship that is traditionally been a job creation engine so i'm truly concerned about what the aftermath of this is going to look like you know martially with the with the jobs report that we got last week when we're weary side is the big dig economy what sectors of the economy y

plan did away with depreciation for capital expenditure. brand-newey get a machine, they don't have to take that out over 20 years of depreciation to get the right off on their taxes, they can expense it year one. trump's tax plan is going to crush automation jobs away from people. we have too much money in , now with netdia neutrality being killed, i want , ar guest to talk about kiva grassroots lending organization. host: ok, you have put a couple of issues out there. jim tankersly, your thoughts? guest: i covered the trump tax cuts. statistics.f those the 83% is only true if you are looking at the distributional score of the final year of the task at. -- tax cut. the accelerated depreciation he is talking about, that actually is an expiring policy. republicans want to make it permanent. a very salient point about money in politics, which is something that people worry about and have tried to fix for longtime. most on the news of the themes of what i write about, the experience of automation. it is true, there are going to be millions of

in addition we'd also have to reduce our level of capital expenditure. capital expenditure, of course -- and some of the other longer term capital projects such as our bridges and tunnels. >> okay, well, thank you and my time is up and i yield back, mr. chairman. >> thank you, mr. paine. i just want to remind everyone to make sure you mute when you're not speaking and hopefully mr. flynn also the connection seemed to be going down hopefully it will get back to the way it was. the chair will now recognize mr. perry for 5 minutes. >> thank you, mr. chairman, and i'll address my questions to mr. flynn as well. in your written testimony it states amtrak was on track to generate revenues exceeding operating expenses for the fy 2020 for the first time ever. in other words amtrak was going to turn a profit before covid-19 devastated ridership. and in truth that would be welcome news to taxpayers, and i don't think i need to remind you american taxpayers provided amtrak to nearly $1 billion in subsidies. and i heard you talk to the ranking member about the same

that reduction that means you also have - to address on - - adjust for that in addition that capital expenditurend with the infrastructure and long-term capital projects such as bridges and tunnels in the service of reduction and employment we have very difficult choices. >> thank you my time is up and i yield back. >> everybody please remind on - - remember to mute while you are not speaking hopefully mr. flynn's connection will get back to the way it was. the chair will now recognize for five minutes. >> i will adjust my questions to mr. flynn as well. your written testimony says amtrak was on track to have revenues exceeding operating expenses fy 2020 for the first time t ever prior to the covid-19 outbreak it would turn a profit before it devastated the ridership and that would be welcome news to taxpayers that provided amtrak with $100 billion of subsidies and i heard you talk to the ranking member about the same claim if i can use that term. can you explain why the state-funded operation subsidies but does not count federal subsidies in the same manner? i'm not familiar with this accountin

you can look at capital expenditures, you can look at household expenditures going up and then draining out the savings they occurred -- incurred when they weren't spending anything. that is ahe situation complete logjam, the lockdown itself in congress until after the election. this is a really bad situation. the bestve said is thing the fed can do today is the plainspoken with the american people and say we have a problem, we see it happening. there is little we can do in the short term to affect it. we really do need the political establishment to work with us. indicated that them doing this would essentially likely tank the equity markets and potentially the bond market, admitting they are out of tools and the fiscal effort has to gain steam. what is the political will from the federal reserve to do that given their dual mandate to keep monetary conditions easy enough to keep the economy going? dan: i did not say tank the bond market, i said bond yields. so one of the things is that people look at the market as an expression of the economy. the market itself is not the economy, it i

in addition, we're also having to reduce our number of capital expenditure, whether that is [ inaudible ] and some of the other longer term capital projects such as our bridges and tunnels. -- and our capital program for reductions in employee and a reduction in [ inaudible ]. very difficult choices that we have to make. >> okay. well, thank you and my time is up and i yield back mr. chairman. >> thank you, mr. payne. i want to remind everyone to make sure you mute when you are not speaking and hopefully mr. flynn, also the connection seemed to be going down and hopefully it will get back to the way it was. the chair will now recognize mr. perry for five minutes. >> thank you, mr. chairman and i'll address my questions to mr. flynn as well. and in your written testimony, it states that amtrak was on track to generate passenger revenues exceeding operating expenses in fy 2020 for the first time ever prior to the covid-19 outbreak. in other words, amtrak was going to turn a profit before covid-19 devastated ridership and if true that would be welcome news to the taxpayers and i don't thin

about -- as worried technology analysts, is that cloud demand, capital expenditures on component makersbe feast or famine. a pause. there was fear coming into this period that they were going to a pause mode and that we are not seeing that. d segments, cloud spending on components for their data centers, things seem to be very healthy. haidi: our bloomberg intelligence senior analyst anand srinivasan. said to be is weighing the sale of its u.s.-based building products unit for 2.5 billion dollars. firestone is part of bridgestone america and reported profits of 250 million dollars that is expected to attract interest from private equity firms and other companies involved in the roofing business. bridgestone is the largest maker of tires. huawei is looking to expand its retail presence in europe as it fights 5g bans around the western world. they are planning to open eight physical stores in spain, france, germany, italy, belgium, and the u.k. experienceaunch 42 stores. huawei's app gallery is the third-largest with 33 million active users in europe. fedex is planning to hire 70,000 seas

and kept by you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what will happen is will happen to i.b.m. you know they want to do all stock buyback routine then eventually it played out and the company is a shambles or general electric general electric is almost absolutely out of business by trying to push meaningless instead of products. we are segregated to only high social class. people also in poverty 1st. if you're born into a poor family ah. you're born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15 years old if you born into generational poverty. every day you meet your needs and the needs of your family. opposition rallies break out in belarus after president look at shango is sworn in for a 6th term and dozens of people have been arrested. the russian foreign ministry accuses western powers of launching a dissent from a campaign over the alleged poisoning of election of the opposition activi

and kept by you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what'll happen is will happen to i.b.m. you know they went through the whole stock buyback routine then eventually it played out in the companies a shambles or general electric general electric is almost absolutely out of business by trying to push me instead of products. only by social class. people also in poverty 1st. if you're born into a poor family if you're born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15 years old if you born into generational poverty. into the fight every day you meet your needs and the needs of your family. in the headlines this 24th of september germany's deliberately delaying a response to moscow's request 100 but dates are only. think of alexy in the belly in every possible way russia's permanent representative to the global chemical weapons watchdog tells r.t. . deliberately delaying the process of the co

market cap but you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what'll happen is will happen to i.b.m. you know they want to the whole stock buyback routine then eventually it played out in the companies a shambles or general electric general electric is almost absolutely out of business by trying to push i mean listen instead of products. russia says germany is stalling the probe into the alleged poisoning of election avali by holding back crucial data moscow's envoy to the global chemical weapons that watchdog. group deliberately delaying the process did the completion of the preliminary inquiry in russia that was held in order to ascertain whether there is an offense or not. french mayors have voiced their anger over the government's tough new coronavirus restrictions saying that they were never consulted. and the pentagon is accused of spending up to a $1000000000.00 of coronavirus funds on military gear. that is it for me but don't worry my colleague carol lin takes you through the latest stori

of that amount, 25.4 million is capital expenditures which would be funded from the mta fund balance, the remainder would be annual operating expenditures that would be funded from mta operating revenues and we recommend approval. >> thank you very much. >> just to give an example, i may be standing on the platform waiting on the t and may see next t in seven minutes and you look up and it will say next t in 35 minutes. will it do anything to give us the honest, upfront time to say next t or does it have anything to do with just kind of helping people navigate how long their wait time may be. >> thank you, supervisor walton for that question, absolutely. a big focus on this is improving the accuracy of predictions. we know that the current system has some limitations, particularly in relation to around the start of when trains begin their services or buses begin their routes. and so we're focused on making sure that we have accurate predictions there. >> thank you, because i think that's important if you're thinking a train is going to come in seven minutes so you're willing to wait a

market cap but you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what'll happen is will happen to i.b.m. you know they went through the whole stock buyback routine in benchley it played out in the companies a shambles or general electric general electric is almost absolutely out of business by trying to push. this instead of products. welcome to everyone to this special. friend. troubles here for the burial of steve diamond's body. we same say only time that we may trip as a community is interfering. is just happens all the time and we always sigh we must stop meeting like this both. of them. take the position you raise taxes repeat after me i swear by almighty fault i swear by almighty god that the evidence i should.

higher market cap actually didn't create anything for the economy it didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what'll happen is will happen to i.b.m. you know they want to the whole stock buyback routine then eventually played out and the company is a shambles or general electric general electric is almost absolutely out of business by trying to push me instead of products. is your media a reflection of reality. in a world transformed. what will make you feel safe. tyson nation community. are you going the right way or are you being. what is true. is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallows. welcome back to politicking continuing the conversation now with alex vogel he served as chief counsel to senate majority leader bill frist former general counsel for the national republican senatorial committee and he is in northern virginia. alex it now appears republicans have the molds to confirm your reaction to this. i'm not surprised that leader mcconnell was able to get the votes together

and kept by you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what'll happen is will happen to i.b.m. you know they want to do all stock buyback routine then eventually it played out and the company's a shambles or general electric general electric is almost absolutely out of business by trying to push meaningless instead of products. time after time parishioners repeat the same mantra sustainability and very important. transitions to sustainable transport sustainability stay number man the more equitable and sustainable. they claim their production is complete the hamas. has. to do something companies want us to feel good about buying their products while the damage is being done far away this is something else this must be done even as i need much. in unison we didn't even and i'm stunned seemed to be based on that understood look who. was a pundit make no certainly no borders just lying to nationalities. as a marine with the we don't. beat. people. commentary. we can do better we should be. ever

market cap but you actually didn't create anything for the economy you didn't engage in any capital expense expenditures and cap ex to expand your company in any way then what'll happen is will happen to i.b.m. you know they want to the whole stock buyback routine then eventually it played out and the company is a shambles or general electric general electric is almost absolutely out of business by trying to push meaningless instead of products. as a culture war consumes american politics during this election cycle the economy remains in a big serious state millions of people live on the margins the only constant for them is insecurity economists debate individual recovery they speak of the you and you know what is the reality the changing. climate.

cap where you actually didn't create anything for the economy you didn't engage in any capital expense expenditures and cap ex to expand your company in any way then what'll happen is will happen and i.b.m. you know they went to the whole stock buyback routine then eventually it played out in the companies a shambles or general electric general electric is almost absolutely out of business by trying to push i mean instead of products. a lot of the french health ministers announced a range of new containment measures against the corona virus including the complete shutdown of boston restaurants in 2 regions the country seen case number spiral since the nationwide lockdown in. our paris correspondent charlotte do bensky has the latest the red zones is the red zones where we've had active transmission of the kovac 900 forests and they've now been split into subcategories depending on how high or high the transmission rate is in that area we'll come to that in a moment and discuss what that means for specific departments in france but 1st of all let's have a listen to what her french health minister ha

hierarchical cap actually didn't create anything for the economy it didn't engage in any capital expense expenditures to cap ex to expand your company in any way and what'll happen is will happen but i.b.m. you know they went to the whole stock buyback routine and eventually it played out and the company is a shambles or general electric general electric is almost absolutely out of business by trying to push meaningless instead of products. join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you there. police in 5 water cannon and made more than a dozen arrests as a new wave of protests in the streets of main square hundreds turned to denounce the better russian president the situation flared up after alexander lukashenko surprise inauguration ceremony which took place earlier than planned. there was a heavy police presence earlier in the day 'd and some clashes in the capital several demonstrators were injured dozens were arrested the unrest has been simmering now for almost 7 weeks since the disputed election

and cap but you actually didn't create anything for the economy you didn't engage in any capital expense expenditures the cap ex to expand your company in any way and what'll happen is will happen to i.b.m. you know they want to the whole stock buyback routine and eventually played out in the company is a shambles or general electric general electric is almost absolutely out of business by trying to push i mean listen instead of products. back this is are 2 international now 2 police officers have been shot and are now hospitalized in the us state of kentucky amid unrest in the city of louisville protesters are angry after only one of the 3 officers was charged in the fatal shooting of african american taylor in march now a grand jury returned an indictment only adventure but henson accusing him of wanting and. enjoyment but protesters want the officers charged with murder police have been deployed in the area. brown taylor who was shot and killed by the police she was only 26 they showed up at her apartment to conduct what is called a no knock warrant search suspecting there were drugs but fearing i

i work at cap actually didn't create anything for the economy it didn't engage in any capital expense expenditure as a cap ex to expand your company in any way then what'll happen is will happen the i.b.m. you know they went through the whole stock buyback routine and eventually it played out and the company is a shambles or general electric general electric is almost absolutely out of business by trying to push meaningless instead of products. as a cold war consumers american politics during this election cycle the economy and of the curious state. of the margins the only constant for them is insecurity economists debate individual recovery they speak of the you know. is the reality the change. the message. greetings and sally you take. actions speak louder than words it's an old expression but just as true today as it was over 280 years ago when it was 1st coined back in 1736 especially when observing the actions of our great political and military leaders here in washington d.c. you see while most elected officials and military leaders will tell you that the protection and defense of the ameri

hierarchical where you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what will happen is what will happen the i.b.m. you know they want to the whole stock buyback routine then eventually it played out and the company's a shambles or general electric general electric is almost absolutely out of business by trying to push me aimless instead of products we'll find out one day if there's any if the fact that there's no there there matters at all it's also coincides 1975 we had only been off the gold standard for a few years so the global economy and global trade used to have more there there because if you sent us your oil or you sent us your manufactured goods you got gold back in return now you can't fluffy paper and that could disappear you could be cut off your whole nation could get cut off from the swift grid so you. paper might not mean anything your gold had you you know exchange goods and services for gold those would always mean something you know would always be fungible but let's move on to anothe

high mark and can actually didn't create anything for the economy you didn't engage in any capital expense expenditure as a cap ex to expand your company in any way then what'll happen is will happen and i.b.m. you know they went through the whole stock buyback routine and eventually it played out and the company's a shambles or general electric general electric is almost absolutely out of business by trying to push me instead of products. time after time to repeat the same mantra sustainability it's very important to accelerate the transition to sustainable transport sustainability. a more equitable and sustainable. they claim their production is complete the hamas. has. it done does not the companies want us to feel good about buying their products while the damage is being done far away there's a 2nd eldest does he want anyone else i mean look. this is the mood to do and i mean when i'm studying them in the best understood. cast calendar is dark alfonzo a long day is dark and there's changing page served. his 1st words were that allow us here a challenging post you've got 2 years to live. have no d

and cap but you actually didn't create anything for the economy you didn't engage in any capital expense expenditures account back to expand your company in any way then what'll happen is will happen in the i.b.m. you know they want to the whole stock buyback routine then eventually it played out in the companies a shambles or general electric general electric is almost absolutely out of business by trying to push me instead of products. by social class. people. if you're born into a poor family if you're born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die. if you born into generational poverty. by every day you meet your needs and the needs of your family. this is boom bust the one business show you can't afford to miss i'm sorry montevideo in washington coming up the labor department reported a steady hold from the week before on jobless claims but still higher than expected well discuss what this means for the overall economy and markets. for u.s. companies may be closer to finishing the deal for tech talk but o

and kept by you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what will happen is will happen to i.b.m. you know they want to do all stock buyback routine then eventually it played out and they could come. bay is a shambles or general electric general electric is almost absolutely out of business trying to push me instead of products. the. opposition rallies break out in belarus after president bush mourning for a 6th term dozens of people have been arrested. russian foreign ministry accuses western powers of launching a dissent from asian campaign over the alleged poisoning of election a volley the opposition activist has now been discharged from the hospital in berlin also this hour. is ready to provide to you when with top notch assistance let me put an invite to the united nations staff to try a new russian vaccine free of charge adding that there have already been requests from u.n. colleagues. and in our becomes one of the 1st to get the russians job as part of the phase 3 trials.

and kept by you actually didn't create anything for the economy you didn't engage in any capital expense expenditures account back to expand your company in any way then what'll happen is will happen to i.b.m. you know they want you all stock buyback routine then eventually it played out and the car companies a shambles or general electric general electric is. absolutely out of business by trying to push me instead of products. we are segregated and they're my social class laws still force people to also in poverty by 1st name if you're born into a poor family if you're born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15 years younger than if you're born into generational poverty. by every day so you meet your needs and the needs of your family. when you think of hispanics in the united states what do you think well you'll notice the media typically focuses on issues like immigration and crime let me tell you roughly 80 percent of all the teen living in the u.s. are actually american citizens and lati

market cap but you actually didn't create anything for the economy you didn't engage in any capital expense expenditures like cap ex to expand your company in any way and what'll happen is will happen i.b.m. you know they went to the whole stock buyback routine in benchley played out in the companies a shambles or general electric general electric is almost absolutely out of business by trying to push me instead of products. welcome back alex is in conversation with professor human governance chair of the intensive care unit at university college london i'm dr chris smith for all the just i'd cambridge university. but it will have a lot of questions about immunity and scott want to know how many people have a complete immunity to disease so the complete easy don't know we don't know what community mean the community does exist and to say it does exist i'm quite certain that this where how complete it is how long it lasted i don't know we do know that the grown a virus does mount a significant to the response your body does defend itself and it does that in a couple of ways it makes these chemicals good

of cap but you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way and what'll happen is will happen i.b.m. you know they want to the whole stock buyback routine then eventually it played out in the companies a shambles or general electric general electric is almost absolutely out of business by trying to push me instead of products. time after time to repeat the same mantra sustainability. to excel or transition to sustainable transport sustainability. the more equitable and sustainable. they claim their production is completely hama's. companies want us to feel good. products while the damage is being done far away this is just. russia says germany is stalling the probe into the alleged poisoning of election in bali by holding back. the global chemical weapons watchdog talks to our team. through deliberately delaying the process the impeded the completion of the preliminary inquiry in russia that was held in order to ascertain whether there is an offense or not. voiced their anger over the government's top

and kept by you actually didn't create anything for the economy you didn't engage in any capital expense expenditures and cap ex to expand your company in any way then what'll happen is will happen the i.b.m. you know they want it all stock buyback routine and eventually it played out and the car companies a shambles or general electric general electric is almost absolutely out of business by trying to push meaningless instead of products. cash cow and. alfonzo along be darned there's changing pay change dard. whose 1st words were at a low a c. or a challenging post you've got to use tools. i have no doubt that what happened was criminal. offense concentrated maki $1000000000.00 industry these things how does your financial motivation to solve these problems there are numerous talking showing doctors who are keen to chest x. ray concentrates for infectivity on the patient won't give them doctors the wrong to play golf. why they would keep me in security procedures. and people still think i am always question michel i tried being hard to live where so many have. missed the calls for. for consumers ame

cap where you actually didn't create anything for the economy you didn't engage in any capital expense expenditures a cap ex to expand your company in any way then what'll happen is will happen to i.b.m. you know they want to call stock buyback routine then eventually it played out and the company is a shambles or general electric general electric is almost knob saluki out of business by trying to push meaningless instead of products. as a culture war consumes american politics during this election cycle the economy remains in a big serious state millions of people live on the margins the only constant for them is insecurity economists debate individual recovery they speak of the you know what is the reality the change. permanent. all over again donald trump's accused michael bloomberg of a criminal act over the billionaire democrats plan to boost voter turnout in florida and the upcoming u.s. election kind of open explained. elections in the united states are supposed to be about testing popularity candidates appeal to the public with their ads their speeches and their platform and then the public

disintegration of supply chain to a regional basis. ,s long as we align ourselves growth andill have ,he capital expenditurepportunity, as well. a couple of your top holdings, samsung, tsmc. that could really move the dial and be a big chipmakers,other and china, as well. what is your view of that? i think nvidia is a customer of tsmc and samsung. view, it isint of the shift that happens. it would not be a threat. we are other thing thinking about and watching very closely is the attractiveness about the ecosystem. it is important that the ecosystem remains intact. should that be the case, that should result in a bigger pie for the whole industry and be beneficiary for everyone. the thing that we got to watch for is how they manage the delicate balancing act of the potential conflict of interest. that is the balancing act that we have to look at how they manage that. overall inst going addition to what juliette was asking earlier on, are you indulging in any sector rotation? pruksa: not particularly. at ourwere to look positioning, the top 10 positioning across the last year or so, it would be the same name

of that amount, 25.4 million is capital expenditures which would be funded from the mta fund balance,he remainder would be annual operating expenditures that would be funded from mta operating revenues and we recommend approval. >> thank you very much. >> just to give an example, i may be standing on the platform waiting on the t and may see next t in seven minutes and you look up and it will say next t in 35 minutes. will it do anything to give us the honest, upfront time to say next t or does it have anything to do with just kind of helping people navigate how long their wait time may be. >> thank you, supervisor walton for that question, absolutely. a big focus on this is improving the accuracy of predictions. we know that the current system has some limitations, particularly in relation to around the start of when trains begin their services or buses begin their routes. and so we're focused on making sure that we have accurate predictions there. >> thank you, because i think that's important if you're thinking a train is going to come in seven minutes so you're willing to wait and

concerns when we see the need is so great and that the business wants to participate but the capital expenditure is something that is just a lot more them to bare. >> right. so kay. well, thank you, ms. ramirez for sharing that with us. and with that, i am going to open up to commissioner questions and discussion about this aspect of the presentation. commissioner dooley? >> i wanted to mention to marybelle that maybe she would be interested in meeting up with some of us who have a program going into the neighborhood that might be of useful interest to her. i know in north beach not everyone has spent that kind of money. and i would be happy to invite anyone over so they can see there are alternatives to really expensive setups. just wanted to put that out there. i am sure there are other neighborhoods that would be happy to do the same thing. >> and the in community and the traffic barriers and to see what you've d.o.t. done and i appreciate it. >> ls an i was going to say that you might start with a less expensive setup and from the northeast side is they started with the most minimal setup an

plan did away with depreciation for capital expenditure.nd-newey get a machine, they don't have to take that out over 20 years of depreciation to get the right off on their taxes, they can expense it year one. trump's tax plan is going to crush automation jobs away from people. we have too much money in , now with netdia neutrality being killed, i want , ar guest to talk about kiva grassroots lending organization. host: ok, you have put a couple of issues out there. jim tankersly, your thoughts? guest: i covered the trump tax cuts. statistics.f those the 83% is only true if you are looking at the distributional score of the final year of the task at. -- tax cut. the accelerated depreciation he is talking about, that actually is an expiring policy. republicans want to make it permanent. a very salient point about money in politics, which is something that people worry about and have tried to fix for longtime. most on the news of the themes of what i write about, the experience of automation. it is true, there are going to be millions of jobs

ability to ramp things up to monitor and run all of this these companies don't have the type of capital expenditures the reason technology stocks outperform all the time. it doesn't take the same amount of cap ex-to keep those going like airlines or other traditional big stocks >> are we all going to zoom as much when we go back to work and we will. there will be a day. we are all working >> you mean physically when we are back in the office >> yes i will happily go back to the office people want to be back i wonder how long can that truly last there will be a zoom fatigue watching people struggle with it i believe there will be a peak of video conferences about half way through, your eyes start to hurt it is not that easy why i staring at a phone four hours a day. >> i'm a big fan of the regular phone call i always decline the video option it is a bit road do that for a first-time meeting but after that, i go to phone calls. the thing that stood out from the interview yesterday was the point to say that they don't think it will be a winner takes all market necessarily going forward. it is fair to s

concerns when we see the need is so great and that the business wants to participate but the capital expenditure is something that is just a lot more them to bare. >> right. so kay. well, thank you, ms. ramirez for sharing that with us. and with that, i am going to open up to commissioner questions and discussion about this aspect of the presentation. commissioner dooley? >> i wanted to mention to marybelle that maybe she would be interested in meeting up with some of us who have a program going into the neighborhood that might be of useful interest to her. i know in north beach not everyone has spent that kind of money. and i would be happy to invite anyone over so they can see there are alternatives to really expensive setups. just wanted to put that out there. i am sure there are other neighborhoods that would be happy to do the same thing. >> and the in community and the traffic barriers and to see what you've d.o.t. done and i appreciate it. >> ls an i was going to say that you might start with a less expensive setup and from the northeast side is they started with the most minimal setup an