. >> now let's move on to citi group, which is another of your choices. i'm curious why citi group above some of the other choices in the big bank world. >> well, they -- you know, they are trading below book value, so when people say is there still tolue in the market, i point to names like city because you can buy below book value. they pay a subpar dividend because they are waiting for the 2014 process to go through. in the meantime, they have been accumulating all their capital requirements for the regular ray to -- regulators so they should be sit waited and return cash to shareholders in the form of increased dividends. >> you have general electric as a pick and we we ported a moment ago they are increasing by 16%. i'm sure that will make a lot of investors happy. when you look at this stock over the past year and decade, it's always been somewhat in this mid $20 range. why should invest tors buy this stock? >> because they are finally figuring out how to separate the industrial health care business from the ge capitol and the target is to be 70% in

also this past week while the world's media was paying attention to the china story citi group also said that reserve managers may be starting to look at bitcoin as well and that it would be better actually than the s.t.r. for example you know jim rickards theory that will fold over all of the globe. well debts into an s.t.r. well this could be better he said because it's no individual currency is just of the representative nation states is a separate currency on its own like the f.d.r. was originally designed to be a trade currency well he said this citigroup analyst said that it wouldn't be something that reserve managers would move into first but their incentive is not to be the last and if they start looking at bitcoin then it would be put the u.s. dollar in jeopardy you know right it does it will it will kill the u.s. dollar that's without question the question is will it replace the special drawing right term in terms of settling international debt obligations as the currency crisis and currency wars continue i think jim record so you mentioned you wrote the book currency wars

not advisors committee and the mission bay and the state lines commission amongst other he'd the city groups. various chamber of commerce from the african-american champs to reach out to as many as possible. we're reaching it out the neighborhood groups and look forward to those the amendment in the coming year. excuse me. i would like to introduce jack bear from the giant to talk about the prospective from our partners >> good evening, commissioners. we'll be brief in light of the hour and try to hit the highlight. it's been a productive year there's been a blitz of activity. as you, you know, it's been encoder by the board of supervisors and the land use plan was also comboertsz by the board of supervisors so we have a lot of support. the eir is now underway to analyze the never and yet just yesterday the notice of preparation was issued that he planning department. we're having substantive conversation with the planning department about many, many important issues it concludes the mayor's office staff and other staff we're talking about height and massing and set back and the retail and o

wells fargo and citi group had red lining. that says the city, settled minority mortgage holders with loans they couldn't afford. both banks call the charges baseless. >>> while many big banks are cautious about approving mortgages, smaller banks are swooping in. and as diana olick explains, borrowers are paying attention. >> reporter: brian is about to buy a larger home for his growing family just outside minneapolis. this is not his first foray into the mortgage process. >> i had experiences in the past with a larger lender, dealing with home purchases and i just didn't feel like a special person. i felt like a number. >> reporter: so this time he went with water stone mortgage, a small eer lender based in the midwest. >> it's a smoother process. >> reporter: brian is among a growing number of borrowers turning to non-bank lenders and community banks. their share of the market is 60% compared to 39% in 2009 according to inside mortgage finance. >> i think it's a combination of independent mortgage bankers and community banks

if some crisis hits that would hit jp morgan, what would -- it would also hit bank of america or citi group, and then they would step into save those entities or that market. >> you know, there have been so many regulations, dob frank and all that and the local rule slapped onto the banks to make them safer and stronger in the case of a financial crisis. you said everything is not done yet. what else do you think needs to be fixed? is the most important thing that yet should be done? >> they have done good things th vocal roles, a lot stronger than when it came on the scene, when it was first proposed. i think what they haven't done is solved too big to fail. they haven't gotten leverage requirements right. we don't have adequate capitol requirements for the largest banks, and we don't have any sort of credible resolution authority, and that's the big central question. so -- and the final issue is that we don't have adequate enforcement. we have criminal violations at jp morgan allegedly, but they are about to admit it for the madoff scandal and yet, not a single person seems to have commit

i look at action in citi group, citi had an upgrade and it's not doing too much. i'd like to see the banks start to lead again. but right now i'm not seeing that. >> steph, deal with what's in front of it's here this week. what happens, really, if the fed decides to taper? we've got ten trading days left between now and the end of the year. so much at stake within the rally now. >> well, i'm looking at cut of the macro data. that's more important because if they do taper, they obviously feel comfortable they're getting momentum in the economy. i'm looking at today's industrial production numbers and some 0 manufacturing series. i like at dry bulk index, it's a up 45% since september lows. it's telling me there's activity that's happening that we are expanding a little bit gradually, better than we had. they feel comfortable, they can pull back a bit. they're going to keep interest rates low and accommodative. we can get through it. then we'll focus on earnings and listen to what companies have to say i think they'll have positive things to say about the global mar

that decade's long shift in the economy has undermind all groups poor and middle class that now face the same problems once attributed to inner citynority groups. one prescription is the height to the federal minimum wage now at 7.25 per hour. >> i'm going to keep pushing till we get a higher minimum wage for hard working american across the country. it will be good for the economy and our families. >> president made his call one day before thousands of fast food workers in 100 cities nationwide walked off the job on thursday in protest of low pay. these workers want a minimum wage hike to $15 per hower, higher than what the democrats want in the state at $10 an hour. president obama supports the 10.10 hike. congress has not raised the wage since 2009 on the legislation passed with george w. bush was president. >> is an increase in the minimum wage justify at a time when real wages for all income levels, except the top have been flat or falling, not rising? >> i think you just made the case, all wages were falling except for the top. >> president made the point when he graduated from high school in 1979, the economy was growing an

consider citi group. it's one of hundreds of banks, all of which are pretty much trading together.don't need bank equities and we have too much already and there are 3 billion shares outstanding and no near-term of that number shrinking and regulators seem determined to have as much capital on hand as possible. the second kind of supply and demand that people don't seem to get, though, is when there is tightness in a particular product the company produces. that tightness will keep prices unnaturally high until more plants or factories come online to create price equilibrium. take d-rams. that's the most basic form of memory chip. micron is one of the biggest makers of d-rams. the dram market has been there for years and years and years. no new capacity has been added in some time and that's allowed dynamic random access memories which have been falling in value to stabilize in price, and maybe even increase a bit. this week micron took a real header, why? because it's competitor is rumored to be building a new d-ram factory. just the rumors sent the stock down gigantically because

are you sticking with financials. >> we're sticking with citi group. david: why citi? only one trading below tangible book value and trading 10 times earnings which is pretty low for the financial sector right now and has great international. david: what are the risks for citi? >> financial instability. higher interest rates. those are probably two the main risks. david: they don't gain with higher interest rates? >> they would argue -- david: loan operations are better. >> loan operations are better and margins should widen. often times investors don't like and sell financials stocks when interest rates rise even though banks may benefit. lori: talk autos, gm, right, over ford? big news with the management shake-up? >> we think, gm has more to go in terms of restructuring its operations and improving itself than ford does. it was a pretty close call between gm and ford. both look reasonably attractive. gm is under 10 times earnings. may do a dividend first time since emerged from bankruptcy and went public. it is interesting play. david: what about a wild stock like t

city's there. but they were attacked by groups that wanted islamic law in the region. the biggest city control group t of the north, and under a month the territory was under government control. in june it oversaw a peace deal with the tauriq rebels, but they backtracked after just three months. now they're caught between a resurgent army and alqaida fighters. >> reporter: in the fast deserts of northern mali, check points like this is symbolic more than practical. the area is a stronghold of nomads, but know they're trying to reassert themselves. >> you can only keep it safe by relying on the people who live around here. >> reporter: the national fighters lost control here when al-qaeda-linked groups moved into mali in 2012. then in general a french-led military campaign routed al-qaeda. but that also allowed the mali army to retake control of northern mali. now the fighters find themselves doing battle on two fronts with the malian army and recommend nance of al-qaeda forces. force they were thought to be tauriq fighters. they were arrested and then killed. we were su

is the independent partner to the entire city for everything having to do with parks, recreation, and open space. we have more than 100 different community groups called park partners all across the city. each of them working in their own way to make our park system a little better, a little more beautiful, a little more usable. today this is the day for one of those groups, the friends of lafayette park. this is a shining example of how a few neighbors can come together, bring together their friends, and make an incredibly beautiful thing happen in a public open space. this park was renovated with bond dollars, but friends of lafayette park brought in hours and hours of hard work over four years to do visioning and imagining what this park could really look like. they raised over half a million dollars of private fund to augment the bond dollars so that this kind of a playground could be added to this park. it's been that kind of selfless generosity, and hours of giving to the city that is just an incredible humbling experience for us at the parks alliance. let's have another round of applause for carina and lynn and all of the volunteers who

strategist at city group. most accurate analyst this year. you have got to be out of that.m here by the end of 2014. you also said we will see bumps along the way. what will be the main elements that cause those? >> it is always hard to figure it out. the shape of the yield curve tends to lead volatility for to you -- for two years. about maybe the fed tightening faster, it could be that the economy is not as good as we thought and we do not get the earnings. peg whatays hard to specific drivers will be. >> what do you think about the fed. it surprised investors twice this year, once by continuing the program and the second time by handing or reducing the amount of support with the system. what do you see? >> you hate the term data dependent, but they will be if they see continued strength in the economy, they will remove strength and accommodation. we have to be careful when we talk about it. members would tell you even if you took from 75 billion down, it is still not tightening. markets will get nervous about it at times. we look like we are having a dovish new fed chair

m&a action, upgrades on a lot of dow components, exon mobile, citi group, verizon.ologies. exon is the biggest gainer on the dow. that's up 3% after goldman upgrades the energy giant to buy. firm says it seize more upside for these super majors in the oil sector. road map goes like those for the next hour. stocks kicking off the week in rally mode. look at where you should put your money ahead of the much-anticipated meeting at the fed. >> buzz surrounding google's latest acquisition involving creator of the fastest running robot. will the big dog mean bigger things ahead for google? >> new york state law makes pushing legislation to legalize marijuana in the empire state. we'll talk with one of them. >> the dow's up triple digits, after two consecutive weeks of losses. all eyes on the two-day fed meeting tomorrow. chad morganlander joins us and the chief investment strategist for janney and montgomery. there's an interesting note from rbc over the weekend where they see upside risk to their price target for the s&p next year. i wonder if you feel the same way. >> n

the poor and there are truths to that, but it is also about a very small group of waley people centered in bangkok, the capital city and about a small group of wealthy people who come from other areas, these two groups battling for control of the country. >> the international news agency tend to focus on that usual between the rich and poor. it is a new dynasty in itself. a lot of people said that this is not democratic, this is a dynasty establishing itself on a widespread nepotism, cronyism and a huge amount of wealth. >> global village voices on the media side of the political story in thailand. >> most of free t.v. radio are owned by the military. some satellite t.v. are funded t that the leader of understand the fact that who controls the media controls the mind of the people. >> we have to rely that the media are a very important film in the cultural struggle in the kingdom of thailand. thailand is an ideological society where propaganda is funneled through the media especially television. both sides of the on going crisis are harming the professional media. >> in ukraine, the largest demonstrations seen in n

the materials and labor would supplied by the city and charity groups.nefits the school and entire community. >> we do it for the community to come and use with lights, bleachers, it's just an awesome thing going on. >> about a thousand volunteers will be there tomorrow to help finish the make over. thank you for joining us. our coverage continues with the 10:00 o'clock news. we're always here for you at ktvu.com. >> bruce jenner is getting his adams apple shaved down. a lot of doctors say that's the first step typically in gender reassignment >> my neighbor had it done and she told me about it and it's fascinating. she always felt that way. how weird would that be? >> weird. [laughter] >> justin bieber got his ass kicked by a skateboard trick. he tries to land a kick flip and on the way down just it's [bleep] completely on the half pipe. >> are we getting calls yet? like that's photo shopped.

if you pull out the inner city schools. pull that group out of the united states. put them aside and just took every other public school in the united states we lead the world in public school education by a lot. and what's interesting is we always think about finland, right? finland obviously is, if any,ly white kids, and they teach their kids really well. but guess what, we teach our white kids even better. our white kids are teaching the best education on the planet. those are the facts. >> if you take the suburbans well off white kids out of the picture, then just take the inner city mostly minority schools. >> we're probably at the very bottom i would imagine because we're not--you can see the united states has education apartheid. that's the fact. >> m night shyamalan's research is not just focusing on what is wrong with schools, he has found what is right in schools that are closing that achievement gap. there are five di distinct practices. longer instructional hours. smaller schools, not classes, data practices and strong leaders and identifying and keepin

but a group partnered with the city of sacramento and came up with a clever real estate deal to helpp the team in california. >> i came to california with no money. everything i have i owe to the state of california. >> next week, this man has completely revitalized the nba franchise and he is not satisfied. hear about his plans for a brand-new arena in san francisco next week on "sportfolio." in the spring of 2013, most nba analysts thought the sacramento kings were playing out the spring. a deal was in place to sell the team and moving to seattle, but mayor kevin johnson led the effort to find investors to match the offer. cory johnson shows us how a team of tech moguls has the kings poised to achieve great things. >> it is ripe with tech team owners. there's a new ownership group for the sacramento kings. >> i think of it as a social network. >> he is hoping it will turn around a moribund franchise. he is not going it alone. >> these are truly smart people. >> people like paul jacobs and chris kelly. >> this ownership group has the most patents. we might not have the most wins, bu

can see blackberry bucking the trend it is up to 5% but the census is down 2% of first what did city groupshe analysts that kicked off the coverage of the names that wrote blackberry is celebrating in also cisco systems is celebrating the price target down after $4. that means with qualcomm that cisco lost the challenge. cheryl: we will see you at the bottom. dennis: kathleen sebelius grilled again over the snafu of obamacare hall many people enrolled in november just 364,000 short of the target set for the rent and with the new survey showing for added ted would rather pay a fine day and by health insurance terror we have liz macdonald. it is easier to pay the fine >> is $95 or 1 percent of the households in combat what is surprising is 30% say i will pay the mandate tax that is higher than the 20 percent that a gallup found that 28 percent they will pay the tax first not to buy the insurance. >> so maybe the portion not signing up is going up? >> it depends on the research. two-thirds say we will get insurance but as people get older they say we will pay the mandate tax instead. >> it sho

legislation is that a lot has been learned about san francisco and the healthcare needs of the city of the individual groups and individual neighborhoods and i certainly would encourage my colleagues to go through the report because you can learn a lot about how your individual neighborhoods are served and populations are served and when you look at the national picture, there is no jurisdiction in this country that has this level of analysis that we have so this really provides a road map in a way that no one else has so i'm very proud of that and again wouldn't have happened without the incredible work of the planning department and department of public health so colleagues can we have a motion to file this hearing? hold on sorrow y, it's actually a resolution adopting the master plan and running and so can we have a motion to approve the resolution so motioned by supervisor yee if we can take that without objection thank you very much. >> mr. clerk if you can please call the third item. >> the resolution of the city and county of the city of san francisco's plan for 20 three. >> great and here we have a

very hard for city contractors and paid lower and i'm hoping that colleagues will join me in our coalition to address that disparity. i'm also working on another measure with i number of group to look at closing the wage gap in our increasingly 2-tiered city and looking forward to discuss these ideas with many of you. also i want to say that many of you know that on november 6th, a major fire occurred and many businesses displaced. the internet archive is one of our city's prominent non-profits that supervisors are trying to provide. they have been digitizing books and a whole library of information to make the information open digitizing. the fire led to really terrible damages for their digitizing operation and the internet archive is holding a major fundraiser this monday. they are showing film from an artist who come piles movies and engaged in interactive and enjoyable way which he shows play land he beach and engages the audience to talk at the screen and to talk about their experiences. but i invite you to support efforts like the internet archives and support their efforts to recover after the fire. if you want more information, go to archive.org. also i want to ack

group housing. we didn't want to correct the errors to non-remain it that's where ethics come in. as to the other city ordinance the green buildings are the buildings you do have to capitalized it's a very green thing to do those are residential unit and we have the protections built into but allowing those to be reabilities going to add to the affordable housing stock as well. thank you supervisor avalos >> thank you. i have a few more cards (calling names) and . >> good afternoon. i'm marla knight. i'm a retired city college teacher and divorce tutor at the neighborhood center. the current ellis act is a current act of february 2014 i strongly support owners 2 and 3 it makes the housing for urban affordable. i'm a fourth eights san franciscan. i've seen many beautiful improvements, however, this give me graphic cleaning of low and he moderate income people is is a giant step barred in maintaining a visitor city. not only would i like to see tutors and families staying in the city but people who are planning on living in the city to have an affordable place to live. i choose to raise my kids here and

now you have heard why it matters and as the collaborativive groups, the food security task force and the tender loin, represent again, many city agency and community based organizations working every day on this issue and i would like to mention the groups involved. from the city side, it is from the serve agency and the cal fresh office and from the department of the ag and services, and the yoegt and the family and the department of public health and the department of the environment. and that are involved in the two collaborativive groups that are community campaign and the services of san francisco, and the foundation and the meals on wheels of san francisco, and the project open hand, and the san francisco and the food banks and the tender loin, development and the ucsf center for populations at san francisco general hospital. as we come together, we really work to figure out how to collaborate and how to improve this situation we know that there are programs that we can get data for but we wanted to see the system as a whole and to be able to have the data to analyze that and we wanted to make this information available