i want to give a hearty thanks to the chinese chamber of commerce who are here today. thank you very much. [applause] eddy raise your hand. i see a lot of the chamber members here and i wanted to thank the chinese benevolent association who are here and thank you to all of the departments here represented. how about a hearty hand for these department ?ses yeah and we have our special guest that are performing all day long. they're going to remind everybody not to trash the place, make sure all of the tourists and people coming from neighborhoods enjoy the great few weeks coming up. make sure they are also keeping the neighborhood clean. i want to congratulate again introduce our new direct supervisor julie christensen for being here and the hilton and a big sponsor of these teams and always here and making sure the youth is working together with our businesses. i had the pleasure of being able to join all of you at the different events the next few weeks. i also want to say we're working hard together with the supervisors, with our office, with the neighborhoods, not o

the opportunity for twitter is to really be the place for in the moment commerce. now commerce.the context of seeing some public conversation -- i want that. as distinct from other kinds of commerce here is just a catalog of stuff. we have a number of experience we are running. we are learning a ton from running those experiments, we do not have anything new to announce. you will see us continue to explore with what now commerce means. >> facebook has 1.2 billion users. a $200 million market cap. is your vision for twitter still on par, is a facebook scale? >> our vision is to have the largest possible daily audience in the world. we believe twitter is of value and can be of value to every connected person on the planet. that is the strategy we are delivering against. we think that strategy is comprised of stringent moving the core of logged in users, but also organizing content experiences for the more than half billion users a month that country twitter and do not log in and syndicating those experiences across the entirety of the web and mobile lab it -- landscape. >> your cf

clause on congress' power to regulate interstate commerce. a sort of odd home threat since the framers intended it to be rested in the 13th and 14th amendment, but he's noting that there's some current cases that are going back to the original understanding. >> a safer way if you can build the record you've got to build the record in the hate crimes cases arguable record couldn't be built that's why it's based upon section 2 of the 13th amendment because how do you establish a record of the impact of hate crimes on commerce. you probably could do interstate commerce but it's a tall order. >> should someone devoted to the original understanding of the 13th and 14th amendments rest congressional authority on those amendments rather than the commerce clause? >> well, again, the problem is the court basically imposed what's called a confluence and proportionality test on how far congress can go in defining rights. that grew out of the religious restoration act. congress had tried basically to turn back and cut back some of the supreme court's jur

and more than half of what the department of commerce does has nothing to do with commerce or trade -- duplicated by 71 other governmental departments agencies, and offices. and there are other questions we should ask. we spend hundreds of millions of dollars on the endowments for the arts and humanities. why is the federal government in the culture business? in this explosion of the information age, why do we have a corporation for public broadcasting? there are a host of other areas that cry out for reform. i will be talking about them at greater length in the year ahead. [applause] welfare is one. the federal system has failed. why are liberals in washington so afraid to turn welfare decision-making over to our governors and state legislatures? there is already considerable evidence that they can do much better. affirmative action is another federal policy out of control. discrimination is wrong, immoral. this is america. we should have a color blind society. [applause] but fighting discrimination should never be used to divide americans by race, ethnic background, or gender. there

and more than half of what the department of commerce does has nothing to do with commerce or trade -- duplicated by 71 other governmental departments agencies, and offices. and there are other questions we should ask. we spend hundreds of millions of dollars on the endowments for the arts and humanities. why is the federal government in the culture business? in this explosion of the information age, why do we have a corporation for public broadcasting? there are a host of other areas that cry out for reform. i will be talking about them at greater length in the year ahead. [applause] welfare is one. the federal system has failed. why are liberals in washington so afraid to turn welfare decision-making over to our governors and state legislatures? in kansas, new hampshire. there is already considerable evidence that they can do much better. affirmative action is another federal policy out of control. discrimination is wrong, immoral. this is america. we should have a color blind society. [applause] but fighting discrimination should never be used to divide americans by race, ethnic ba

, now commerce. in the context of seeing some public conversation, oh, yeah i want to that and i get it now. as disdifferent from other kinds of commerce such as here's a cat log of stuff. we have a number of experiments. we're learning a ton. we don't have anything new to announce. i think you'll continue to see us explore with different kinds of, what does now commerce really mean in the coming months? and we'll see what happens. >> a long-term question. facebook has 1.2 billion usesers, is your vision for twitter still -- is it on the same par? is it facebook scale? >> i think our vision for twitter is to have the largest possible audience, the largest daily audience in the world. we believe that twitter is of value and can be of value to every connected person on the planet and that's the strategy we're delivering against. >> up next, take two is evolving. the company hoping the new game evolved become the next big thing following the steps of grand auto. >> tht this is the best of bloomberg west

>> no doubt e-commerce and mobile commerce have changed the profile of the holiday sales period. people have access now to an item any time they want to shop, you know. i think thanksgiving morning i was watching the parade and ordering on walmart.com but later that afternoon and evening i was in a store. customer behavior has chakds. mobile is a big force. 70% of our traffic move to mobile as opposed to website over the holiday period. the good news is customers use their mobile devices in stores. they don't think about the separation as it relates to shopping. like we sometimes do. it's quite seamless. i think that will have an impact next holiday as well. as we think about our planning for november and december and january, we have an approach that includes our e-commerce business as well as our store's business. the key is how we put them together. we're thinking about that. >> speaking of technology, apple pay, you've always said you would go where the customers want to go. you're on pinterest. but apple pay has not been up to date in your heart anyway. >> yeah. >> is that g

i want to give a great thank you to our chinese chamber of commerce for having been here from the very start. all of their wonderful leadership. eddy is here, rose is here. the entire chamber has been doing this for many decades and we have been growing it for the world to see. i am very proud that this parade is put on by so many volunteers. i want to thank all of the sponsors but most importantly all of you here and enjoy yourself. buy flowers. norman said earlier to tell each other you're beautiful. that's the first time i heard that from anita. i have been telling her that for 35 years but the reverse hasn't happened but anyway this is a great time to celebrate. i want to say thank you for so many of our community partners that put this on that really think about and are creative and are dedicated to building this chinatown community so we're proud to display our culture for the rest of the world to see. thank you for being here. [speaking foreign language] [applause] >> just to let all of the dignitaries know we're keeping it short this year and keep of the blessing and that's it

as you know nothing happens in chinatown without the chinese chamber of commerce and with the clean up events the first stop public works makes is to the chamber so that we can get a list of all the things that people are concerned about, but even more than that when i started by work with the city at the public works department the chamber was able to take me to go all over china to be able to see how they keep their cities clean, and as a result of that we have learned a lot from china, but also europe and other countries on what it takes to keep a city clean and all those ideas, some worked well in san francisco and helped our department get to where it is. i am the first to admit we're not where we want to be but we're almost there and on our way so with that said please welcome rose park from the chinese chamber of commerce. >> good morning. i can't believe it's only 15 years because the mayor mentioned 18, 19 years. that's how long i felt it has been. i remember the first time we do the clean up i had to raise the money to buy the gloves, to buy the brooms, to buy the dust bin an

because the court held that commerce had exceeded its enumerated powers under the commerce clause when it enacted a ban that possessing guns within a thousand feet of a school. it was unnecessary in that case to consider whether a ban might also violate an individual right to keep and bear arms. and lopez was decided you may recall before the supreme court in helder had recognized the second amendment does protect the individual right. what this shows is how enumerated powers is the way to protect the natural background rights and liberties of the people without having to identify and special protect these rights per se. and hobby lobby case illustrates the one speedy enumerated power scheme is breached, the court must confront individual rights issue under the due process clause of the fifth and 14th amendments. and in my view it is the due process clauses that offers courses to assess whether a particular deprivation of life, liberty or property violates the right was enumerated in the bill of rights or one of the unenumerated background rights privilege or immunities that are retain

almost there and on our way so with that said please welcome rose park from the chinese chamber of commerce. >> good morning. i can't believe it's only 15 years because the mayor mentioned 18, 19 years. that's how long i felt it has been. i remember the first time we do the clean up i had to raise the money to buy the gloves, to buy the brooms, to buy the dust bin and we clear out all of the suppliers in chinatown and then muhammad told me the gloves were not industrial gloves and the needles can pick through them or whatever so we learned as we went along and then the mayor got walgreens and also hilton -- then holiday inn to get involved so i didn't have to raise all of the money. then we embarked on the clean toilet program where our members went and painted owl of the -- and remodeled all of the bathrooms in chinatown for all of the restaurants so we could offer the facilities to the tourists, so we came a long way. the only thing that i feel we still need to do is for the city to think of a way to deputize a lot of us so every time we see somebody littering the street we can write them

americans were too busy building railroads expanding commerce overseas, or creating new industry. years after the civil war saw a continuing expansion of the american economy. although this prosperity was interrupted by periodic slumps few people seemed to worry. didn't the economy always bounce back? on the eve of world war i, economists had no theory to explain recurring downturns. why not? we asked some economic historians. the bubbles, the panics, the convulsions, revulsions, crises, gluts, they were noticed back in the 1810s, but the idea of a cycle-- good times and then bad times-- took a long time until it reached the level of the professionalists. they were just beginning to be professional economists. it took a longer time until people began thinking there was a mechanism that turned one into the other. i think the economy was just more resilient in the 19th century. a lot of thought didn't go to explaining a problem when they didn't see a problem. wages would adjust much more quickly in the 19th century than in the 20th century. interest rates would adjust, so no sense c

let's turn our attention to our coverage of the british chamber of commerce's annual commerce.t the event. anna: thank you. we've been talking about the relationship between u.k. business and europe. about the infrastructure investment in the u.k.. all those things come together for our next conversation. the ceo of heathrow airport joins us, john holland-kaye. thank you for coming to talk to us. let's talk about the politics. less than 12 weeks away from the u.k. election. the labour party keen to present itself as a pro-european party. we will hear that from ed balls later. you must be very pro labour , you do not want europe to leave the eu? mr. holland-kaye: we are pro-business. we should not ignore the benefits that come to us in the aviation sector in being part of europe. the development of local carriers has been something we have been able to benefit from. let's have a debate and get on with it quickly. business needs certainty. the biggest issue on my agenda is around the expansion of heathrow. from that point of view i think there is a very good consensus between the

next 6 days god thank you. >> thank you mayor brown and invite the finding 69 chinese chamber of commercehat the mayor ed lee is nervous every time i get a microphone but the brunt of my joke is on willie brown he shows up on time to so the housekeeper at the corner to take the picture first with the horse than the 3 rams and the dog hasten whoever took picture with him afterward i said that's an ass except i remember in the chinese zodiac there's no such thing as ass on the zodiac whoever takes the picture next will be an ass so. >> (speaking foreign language.) >> thank you rose and thank you so much let's take a group picture and welcome the year of the ram we're going to have fire crackers right so let's take a group picture and grace and everyone from chinese consolidated yeah. ♪ ♪ ♪ would you all rise please for the pledge of allegiance. >> the pledge of allegiance. . >> please call role. >> president loftus lost here. >> vice president turman. >> here. >> commissioner marshall is accused. >> commissioner dejesus. . >> commissioner hwang. >> massachusetts. commissioner mazzucco. >> c

e-commerce.portfolios that you would not expect in the traditional retail. the brand architecture has to work in these other things. that is why we have redesigned our e-commerce teams to understand social media, we have also redefined our retail sales organizations. all of that has been rolled out recently and the focus is to make it work. >> a quick question on the united states. frozen food in america, let's talk about that. you have taken an impairment on your business there. is that business back on the road to recovery? >> oh, i hope so. we have been working for that. we have to drive the category. there are quite a few similar things that happened in china. expend haitians -- expectations went from fresh and natural, new offerings -- lean has grown to help. we have brands we are narrowing focus on only part of that equation. all of that has been revisited revamped. we have quite a few new products that are answering these new expectations. this is being rolled out as we speak, too. this ha

so what is key to increasing m commerce in the future?ntinue to be strong hardware and software will need to change. users say a phone small screen prevents many from making purchases as do concerns about secure payments and retailers have to make these purchases easy and creating apps for their stores which consumers say they prefer using over a browser. back to you. >> mary, any information in the survey about which companies are best capitalizing on this trend as m commerce takes off? >> as you can imagine in the u.s. the top names that came up are the likes of amazon and ebay. which, of course, was the former parent of paypal. back to you. >> all right. mary thompson, back at headquarters, thanks so much. when we come back, amazon pilot season is over so which of the 13 potential new shows actually made the cut? the answer in a moment. but first, rick santelli, what are you watching today? >> well, i think we're going to be watching 10-year, 30-yaer, 5-year note yields as they toy with settlement yields of last year. what does it mean

>> there are's dual jurisdiction. >> the energy and commerce committee is the energy and commerce committeeformally organized at? >> when i was talking about the committees i was talking about the bill directed at committees to come up with an alternative. they weren't absolute no hearings. >> i mean right now. in this new congress. >> we have even had markets. >> is that hearing a markup on -- -- >> mr. mcgovern what was the word until last friday we haven't had anything. >> is education and workforce committee organized get it? [inaudible] is mr. ryan going to testify does anyone know? >> i don't expect testimony. >> i don't expect ways and means us have a caring either. >> i want to take your time but i have a dialogue on the floor with mr. ryan in when the world came up a couple of weeks ago and he said something to the effect that there was no plan to do or a repeal. >> so we were told during previous bills that we had to have closed rules because committees have an organized and they can't possibly have gotten together to have hearings. clearly that is not the excuse that could be use

and you can do e-commerce transactions. and i found that it's one of the best sites around for setting up a website and maintaining it. >> my favorite website in the last two months is calendly.com. it will provide calendars for your meetings. i love it because i created my own brand url. i set my base and timeslot and then send this to the groups that i want to help me with. it tells me when is the best time to call. >> one of my favorite apps is called picmonkey. it's a website where you can edit your photos create collages, you can add text on your photos and it is very helpful if you are blogging because in a couple of seconds you can create a whole new product without spending a ton of money on the product shop. >> one great website for e-commerce sellers is suredone.com. i just started using it and what it does is it pulls your e-commerce listings for me it's 15-00 listings from e-bay in just a couple of clicks i'm able to create my own store front, still have my stuff on e-bay and then can send all that information,

it also allows you to do e-commerce, and i found that it's one of the best sites around for setting up a website and maintaining it. >> my favorite website in the last two months is callandly.com. i send it to the groups that are want to have meetings with. it really -- a lot of time to see what is the best time to call. >> one of my favorite apps is called picks monkey. it's a website where you can edit your photos you can create colleges, you can add text on your photos. and it's very helpful if you are in blogging because in a couple of seconds you can create a whole new product without spending tons of money on photo shop. >> one great website for e-commerce sellers is suredone.com. i just started using it. and it -- what it does is it pulls your e-commerce with things like for me it's 1500 listings from ebay in just a couple of clicks i'm able to create my own store front, still have my stuff on ebay i can then send all of that information, my listings my pictures over to amazon to etsy, it's an amazing tool. >> it could be because of the current economy, a reaction to the changes

forecasters say e-commerce can grow to 25 or 30% over time.e -- when glenn was there over his seven years, he had to stabilize the margins. he took it from high singles to load scenes and drove the earnings that i think that was the primary focus over the past seven years. the next league growing these creative businesses. >> all right, adrian. thank you very much, retail analyst at jenny capital markets. staying in retail, the new ceo of market arrow has her hands full. we will dig into that. alibaba, yes, they are jumping on the wagon, adding on smartphones. can they succeed were faced amazon, and so many others have failed? ♪ >> time for a quick look at global markets. the encz declines at a four-week low before the dollar starts showing. the number you need it -- needed to buy the dollar falling. china, the world's second-largest economy demand for the currency. finance ministers are meeting today. an all-time low. here we see the dollar strengthening. stocks here are also falling after president's -- turkey's resident renewed on the inter

just gets more eloquent every year i want to say thank you to the san francisco chinese chamber of commerceeks of celebration actual very much to the asian presiding officer's you saw their display along with the chinatown youth center the youth fair with their we have displays you'll be seeing repeated and more eloquent during the parade how about those the rams for the chinatown community children's center weren't they wonderful i look forward to seeing them march throughout the parade with them that's a glimgsz of what we're going to see in a couple of weeks with the celebration of the parade but also for the most part you're here at the empire jeff asian pacific islander elementary school home the empire is standing next to us imper pa elementary thank you for inviting us to our palaces in chinatown we call it the pal lists because the emperor is here he has lots of fun this is one of the opportunities to step out of his suit and the real suits he always want to be in and his cowboy boats at the same time the dallas rams thank you to you and the ownership here the investors here your be

as well as the african-american chamber of commerce finally i'll note we have welcomed joe on to the management team he's taking liz he's excited to join our team he has over 16 years of experience in the forecasting and built the transportation back in 2000 i'm happy to answer any questions you may have. >> thank you, colleagues any questions or comments relating to the to the director's report open up for public comment any public comment on item 4 seeing none, public comment is closed and this is an information item madam clerk call item 5 and item 5 adopt the positions on state legislation this is an action item. >> i'm going to ask supervisor cowen precede over item 5. >> okay good morning, everyone. all right. mr. chair would you like to provide the opening comments >> ma'am vice chair i'll request we separate the questions in terms of separating ab 61 from the remainder of the state legislation and vote on that separately so ma'am, vice chair in the finance committee the staff recommended that ab 61 have we not take a position and instead monitor 9 progress of that bill the fi

the e-commerce giant announced they would make loans up to $3000 to u.s.es buying goods from china suppliers ali baba. previously, that service was provided by the bank of china. "bottom line," coming up. mark crumpton joins us. >> a year ago, jenny ellen took over a chair of the u.s. federal reserve. a lot has happened -- janet yellen took over as chair of the u.s. federal reserve. what is her., and what are the biggest challenges in your two? michael frazier will give us his take. back to you. >> thank you. "bloomberg west," will be back after this. ♪ >> i'm cory johnson, this is "bloomberg west." shares of the 3-d printer strata's is getting hammered today. the company says it's going to have to take a write-down of 110 million for its maker about business. at that time, make about was growing at over 400% year-over-year. maker by now growing edges 7%. so what happened to the future of a 3-d printed world? i'm joined by kathy would. what happened, they thought this business was going to be the key to a 3-d printed future? is a game over? >> maker but wa

we are the largest e-commerce participant in the economy.d more on e-commerce than any other country in europe and lead the way on all the major metrics. >> what industries are leading that in the u.k.? >> last week we did a report of 21 clusters across the country. each of those clusters has unique strengths based on the universities that are there. we have four of the top 10 world universities and many other great ones, but we are experts in big data and analytics. machine learning and natural language processing. the mayor was talking about some of the work we are doing in the thin tech industry. >> there are all of these issues coming up with the fcc and rules about providing broadband and mergers with comcast and time warner and what that might mean for a digital economy. what's the role of the government and providing high-speed internet to homes and businesses? >> on the broader perspective the biggest concern we have is we are for innovation not regulation. we've seen companies have a lot of challenges with european regulators. we be

even the argentine chamber of commerce calling it a joke. there is a racial insensitivity in the country that is fairly rampant. what is underlying here -- it's hard to imagine china will be making its economic decisions based on a faux pas. they are fairly flexible with venezuela who was always saying they cannot pay on time. would you think has a bigger impact than a tweet. making loan agreements flexible with them. the thing that is underlying here is there is a question about the seriousness of the president as a leader. a president should not be making this kind of remark, whether or not it is considered a joke. >> while she is traveling abroad , she has more troubles back home. we heard about the recent death of the prosecutor. he was leading an investigation, using the president of agreeing to shield the alleged masterminds of the 1994 terror bombing. he was going to call for her arrest and some draft documents to that effect found in the trash. what is the latest on this? >> this comes at a time when her popularity at home is not doi