thank you to late mayor ed lee for his commitment for more housing to the city.nk you, mayor london breed, for being here today and for your tireless efforts in this city. thank you to our great partners hurst and to our team at brookfield that is stewarding the project today. mostly we're here because of the dedication of neighbors, artists, nonprofit groups, educators and so many others who are deeply vested in the past, present and future of soma. it provides -- together we create an economic, social and cultural formula to support positive growth. this formula includes sustaining the neighborhood's inclusivity, creativity and roots. it promotes culture and the arts. it provides places of serendipity for people to socialize and exchange ideas. welcoming to all. all this makes 5m what it is today and it will be. the next generation of mixed-use urban projects. thank you to all of you who showed up today. thank you for the good weather and i'll pass it back. >> thank you, jason. hurst corporation extends more than 130 years here in san francisco. as owner of the

last, mayor ed lee. he loved this project. i remember talking to him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! >> shop and dine in the 49 promotes local businesses and challenges residents to do their business in the 49 square files of san francisco. we help san francisco remain unique, successful and right vi. so where will you shop and dine in the 49? >> i'm one of three owners here in san francisco and we provide mostly live music entertainment and we have food, the type of food that we have a mexican food and it's not a big menu, but we did it with lo

i never knew and until ed lee told me about you. and to have me serve on this board with you as a director and everything that ed said about you is absolutely true. vis-À-vis the people that are here representing your agency and how they treat you, is indicative of who you are as a man and a human being, and clearly as the head of this agency, but you also bring a humility and a sense of humbleness that i rarely have seen in a director of such a large agency. when we sat down with almost the majority of the bargaining units last week to talk about and to receive their comments about what they would like to see in a new director, without question, almost every one of them said, to have the same qualities as humans as ed. he made an impact not only on your own employees, on your bargaining unit leadership, but on so many of us, and on a personal note, i just want to thank you for being so kind to my son. you have been an excellent teacher and mentor for him, and he and i have always talked about how humble and how supportive you have b

last, mayor ed lee. he loved this project. i remember talking to him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! >> hi. my name is carmen chiu, san francisco's elected assessor. in our seven mile by seven mile city, we have over 210,000 properties and close to 90% of their are residential like the homes you and i live in, so you might ask, how can we possibly value all these properties? well, to better understand our work, we need to explain the state's proposition 13 law. in 1978, california voters passed proposition 13. under prop 13, we value your proper

>> i will start. >> i never knew ed until ed lee told me about you, and to have me serve on this board with you as director. everything ed said about you is absolutely true. the people that are here representing your agency and how they treat you is indicative who you are as a man and human being and clearly as the head of this agency. you also bring humility and a sense of humbleness that i rarely have seen in a director of such a large agency. when we sat down with almost a majority of bargaining units to receive comments what they would like to see in a new director, without question almost everyone said to have the same qualities of humaneness as ed. you have made an impact not only on your own employees, bargaining unit leadership but on so many of us. i want to than thank you for beo kind to my son. you have been an excellent teacher and mentor for him. he and i have always talked about how humble and supportive you have been of his efforts in a difficulting to. ir thank you -- i thank you as a father and director. i wish you all the best, ed. >> i want to say thank you for all o

i'm here on behalf of the ed lee democratic club, and i'm here to speak on behalf of this measure. we're worried that this will create an unnecessary and costly commission. creating a costly bureaucracy will eliminate an issue in providing services to the public. we encourage you to reconsider before moving towards the ballot. thank you. >> hi, supervisors. my name is jonna, and i'm with the coalition on homelessness, and i just wanted to come and add my support for creating this commission? i've been hearing a lot of concerns about efficiency which i think is really important to talk about as things are already moving slow and the problem of homelessness is not progressing, but the way i look at it is solving these solutions require multiple input, and it is more inefficient to get plans that won't work and have to start over than do our due diligence on the front enter, crafting initiatives on the issue of homelessness and having to go back because we redid it wrong the first time? and i also think it's important to weigh the pros and cons. if slowing down things by a few weeks w

last, mayor ed lee. he loved this project. him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! you. >> well to the epic center are you ready for the next earthquake did you know if you're a renter you can get earthquake shushes we'll take to the earthquake authorities hi welcome to another episode i'm the chief resilience officer for san francisco i'm joined by my good friends for the earthquake authority we're at the el cap center for the city and county of san francisco started in 2013 to get the community and talk about the risk we think about earthquake if

last, mayor ed lee. he loved this project. i remember talking to him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! >> this is one place you can always count on to give you what you had before and remind you of what your san francisco history used to be. >> we hear that all the time, people bring their kids here and their grandparents brought them here and down the line. >> even though people move away, whenever they come back to the city, they make it here. and they tell us that. >> you're going to get something made fresh, made by hand and made with quality

last, mayor ed lee. he loved this project. i remember talking to him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! >> i moved into my wonderful, beautiful, affordable housing march 7th. i have lived in san francisco since i was two-years-old. i've lived in hunters view for 23 to 24 years now. my name is vlady. i use titus and i am the resident commissioner for the san francisco housing facility. from the very beginning, this whole transition of public housing and affordable housing was a good idea. but many, many residents didn't think it would ever actually

last, mayor ed lee. he loved this project. i remember talking to him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! >> i came to san francisco in 1969. i fell in love with this city and and this is where i raised my family at. my name is bobbie cochran. i've been a holly court resident for 32 years. i wouldn't give up this neighborhood for nothing. i moved into this apartment one year ago. my favorite thing is my kitchen. i love these clean walls. before the remodeling came along, the condition of these apartments had gotten pretty bad, you know, with all the

last, mayor ed lee. he loved this project. i remember talking to him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! >> working with kids, they keep you young. they keep you on your tones -- on your toes. >> teaching them, at the same time, us learning from them, everything is fulfilling. >> ready? go. [♪] >> we really wanted to find a way to support women entrepreneurs in particular in san francisco. it was very important for the mayor, as well as the safety support the dreams that people want to realize, and provide them with an opportunity to receive funding

last, mayor ed lee. he loved this project. i remember talking to him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! . >> i love that i was in four plus years a a rent control tenant, and it might be normal because the tenant will -- for the longest, i was applying for b.m.r. rental, but i would be in the lottery and never be like 307 or 310. i pretty much had kind of given up on that, and had to leave san francisco. i found out about the san francisco mayor's office of housing about two or three years ago, and i originally did home counseling with someone, but

last, mayor ed lee. he loved this project. i remember talking to him about this the week before he left us, and he loved this. what a fantastic legacy for you to carry on, and don't think we forget about it, supervisor peskin. so with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. somebody needs to get a shovel, and we need some earth. we'll do that, and then, we'll all get a free lunch. thank you very much, everybody, for coming. >> the hon. london breed: five, four, three, two, one. >> all right. get to work! >> my son and i was living in my car. we was in and out of shelters in san francisco for almost about 3.5 years. i would take my son to school. we would use a public rest room just for him to brush his teeth and do a quick little wipe-off so it seemed he could take a shower every day. it was a very stressful time that i wish for no one. my name is mario, and i have lived in san francisco for almost 42 years. born here in hayes valley. i applied f

great guests "new york times" corporate media reporter ed lee is here.cnbc contributors. futures, job number coming up in a half hour or so. almost disregard what i'm saying, but the dow now looks like it would open off about 33 points nasdaq off about 15 points and s&p 500 looking to open off about 5 points show you treasury yields as well all-important ten year at 1.970. you can get a decent 30-year fixed. what do you think? >> mortgage? oh, yeah now's the time to do it. now's the tirchlts financing, all of that. >> do it all >> here are the stories investors will talk about today. crew members of an iranian oil tanker interviewed as witnesses show it being detained a spokesman for the territory. british troops detained the ship in violation of european union sanctions's in response iran summoned the britain ambassador and call the seizure of the ship illegal and unacceptable. >>> meantime, shares of samsung are down forecasting second operating profit fell more than 50% and the company says revenue likely fell 4%. chip prices have fallen thanks to a s

. >>> let's discuss further with ed lee, contributor from numbs number of tim -- "new york times" andur is take? >> i think pretty positive one is the average revenue per user or user monetization. that continues to grow we think that's positive especially taken account or assuming the user growth rate may slow down a bit. also user engagement if you look at the ratio of daily average users over monthly, i think that's increased lightly from the last quarter and last year. overall it looks positive and these guys continue to attract user attention. >> so clearly the numbers are good, as you said. what about the headline it was informed in july that the doj would look into -- would launch an antitrust investigation into the company? does that put a cloud over it? >> i think it does i think to a certainly extent it does it may limit the up side for the stock in the near term and also in the long run. a couple things to take into account is that for antitrust, the investigation itself, the negative headlines associated with it, could pressure the stock, but also, you know, a lot of the a

francisco history that's because when she finishes her current term, which was left vacant after mayor ed lee passed away, she's still eligible to run for two more full terms. that's a total of nine and a half years, which means policies pun lasting effects. so we're taking a look at what she's done during her first year in office. marquis osby doesn't know where he'll sleep tonight. he's 30 years old and homeless. could you just walk into a shelter and get a bed? >> no. you have to go through the process of going to a shelter, signing up, waiting, coming back. it's a whole process. >> reporter: more than a thousand people are on the city's wait list to get into a homeless shelter. so marquise spends his night in a tent, that is until today when he says police forced him to hand it over. >> they came up and they took my tent. my tent was about right here. >> reporter: law enforcement has increasingly partnered with public works to clear homeless encampments across the city. since mayor london breed took office tents dropped 380. the number of homeless tents is down, but the amount of homeless

88 broadway today, which i proposed as a temporary navigation center, a number of years ago when ed lee was mayor after supervisor ronen was able to secure 1515 south van ness for a period of less than one year, that was my first attempt. my second attempt, actually that was my second attempt. my first attempt was our lady of waterloo bay church. this is my fourth attempt. i just want to say, the neighbors and neighborhoods of district three are remarkably cool. thank you to miss michael's, a.k.a. the pizza lady who is still here. to the folks from the lower pole neighbors and the lower polled c.b.d. this is a neighborhood that is an pricing -- embracing it. i'm tired that hearing persevering that it does not pencil. it penciled in supervisor ronen 's district and dang it, we all want to be part of the solution and this supervisor is trying to be part of the solution, so i asked for all of your support and we all saw the numbers. since 2017, i don't know why it take so long to get a point in time count back to the board and the electorate and our neighbors , but it says that the numbers

make no mistake, you had an $88.2 million negative cash flow deficit in the last several months of ed lee's life. you got that? and you had that same deficit that you took over after you died. you got that? people got nowhere to go on the street. you got that? you got 80 -- you've got $12.2 billion because of donald j. trump. you got that? you got that because of the tax cuts and the tax cuts of his regulations pertaining to taxes. and for you to have that much money and not have permanent housing to benefit everybody is an insult on everybody's intelligence. >> president yee: thank you. next speaker. >> good afternoon. my name is matthew sutter, and i'm a taxi driver in san francisco. i want to bring to your attention that san francisco credit union are now denying our loans. we ask who do we have to pay? they're not interested. they are forcing our hands, and we ask you guys to hear us, to listen to us because you guys are our voice. i signed a contract stating that if the medallion program fails, the city shall issue me an untransferrable medallion. i've driven these streets for 27 years

that's because when she finishes her current term which was left vacant after mayor ed lee passed away she's still eligible to run for two more full terms. that's a total of 9 1/2 years. which means policies put in place by her administration could have lasting effects. so we're taking a look at what she's done during her first year in office. markeese osby doesn't know where he'll sleep tonight. he's 30 years old and homeless. could you just walk into a shelter and get a bed? >> no. you have to go through the process of going to a shelter, signing up, waiting, coming back. it's a whole process. >> reporter: more than 1,000 people are on the city's wait list to get tinto a homeless shelter. so markeese spends his nights in a tent. that is until today when he says police forced him to hand it over. >> they came up and took my tent. about right here. >> reporter: law enforcement has increasingly partnered with public works to clear homeless encampments across the city. since mayor london breed took office, tents dropped from 568 to 380. the number of homeless tents is down but the amount

. >> within days of the passing of the proposition, ed lee called on agencies to act decisively. >> he an executive order asking the department of public health, along with planning and other city departments to think through an internal working group around what we needed to do to consider writing this law. >> we collectively, i would say that was representatives from g.s.a., as well as the mayor's office, met with a lot of departments to talk through what prop 64 and the implementation of prop 64 it meant to them. >> the mayor proposed an office of cannabis, a one-stop shop for permits allowing operators to grow and sell cannabis. >> he wanted a smart structure. he wanted a regulatory structure that ensured that kids didn't have access and community's were safe and that consumers were safe. and he wanted to ensure, more importantly, it was a regulatory structure that encouraged diversity and inclusivity. >> this is an office that will be solely charged with a duty of wanting not only the policies that we create, implementing and enforcing them, but also executing the licenses that ar

the late mayor, ed lee launched the immigrant leadership award in 2017.the commission is pleased this area to honor 10 individuals or groups who make this world a much better place. all of our honorees tonight have contributed in different ways to support immigrants and many are unsung heroes. we proudly salute them tonight for their dedication and fear lessness in fighting for immigrant rights. and again, we want to welcome you and thank you for being with us this evening to celebrate our immigrant communities. thank you. [applause] >> thank you. i also wanted to recognize commissioner cal. and also our former san francisco chief-of-staff under how many mayors, steve? five? steve in the back. we're going to move along to the awards because i know we are standing between you and that delicious reception. our first award speaking of food, goes to our corporate leader rainbow grocery. rainbow grocery is being recognized for support and value of workers rights and fair trade practices and policies and sustainable food. good food. since 1975, rainbow has supp

you had an $88.2 million negative cash flow when ed lee died, and the -- after he died, you still had that amount of money. now you're trying to spend all the money that you got from the president and give that to people in high income brackets. the people in welfare can't even go to college because they're on welfare. it's not fair. >> chair ronen: thank you, mr. wright. next speaker, please. >> thank you. my name is marcos. i'm a student organizer at city college, was going to come up here and talk about one of the amendments that just got talked about about students being able to choose their own representatives through associated students at city college, so i appreciate that the board is considering that already because yeah, we would like to represent ourselves fully in this committee in this oversight committee. you know, a lot of students are very interested in the free city program. we appreciate that our voices are going to be heard, that we will be able to appoint people ourselves. i just wanted to point out one more thing about that, and that's our student trustee as it is

we worked with then-mayor ed lee to come up with $200 million to rehabilitate those units. and because of those services, we were able to place 179 formerly homeless families in public housing, and so tamika moss, come on up [applause] >> thank you so much, mayor breed. good morning! we are here on this momentous occasion to acknowledge the leadership of our mayor and our president of this board of supervisors, mayor breed and president yee. i have had the incredible opportunity of leading one of the working groups with my cochairs, malcolm young, annie chung, and myrna melgar to make sure how the community has a voice in this bond? how do we make sure that every single san franciscan has access to permanent, supportive, affordable housing in their communities? and we have been able to come together and bring folks together around this bond, and i am so honored to be a part of it. this bond, as the mayor said, as the president said, is something for everyone. we have to make sure that the residents of public housing are supported. we need to make sure that the seniors in ou

netflix's disappointing subscriber numbers joining us now is eric sheridan and ed lee ed lee, cnbc contributor here >> intellectual property, "squawk box. it's hard to sum it up, is it not, ed? >> i think you're good at summing it up. >> he joins me also. >> that's what i mean. >> what was your rating eric last week? what was it this week? >> i'm buy rated i remain buy rated we upgraded the stock in january at 330 a share price target is 420 on the stock. >> the questions i've been asking, you have comcast with 120 billion in revenue you have this company with 20 billion. not entirely different market caps one was 170, 165 before today, netflix. the other just going higher, comcast or disney, disney well above 200 billion. that doesn't set off any alarms that there's a $30 billion market cap difference and a five fold difference in revenue >> one is growing 25%. while i don't cover disney and comcast, i believe they're growing in the low single digits >> low single digits >> one is expanding margins 300 basis points plus a year they said they can do that for multiple years >> netflix was 30 bi

i would like to recognize the vision and leadership of our former mayor ed lee.years ago as city administrator mayor lee began creating the one stopper mitt center to simplify the process. this including the food truck to a project like this, everything you need approval for in san francisco. this is less than a year away from realizing his vision. later on, as mayor, he was instrumental in acquiring this site from goodwill industries in 2014. this is the type of thing we look to do. it is something we are going to be proud of it a year from now when it opens. i would like to recognize the people you have heard about from the supervisor and mayor. chief among them is john updike, josh keene, john ram, jeff jocelyne and dan snider from planning. edgar lopez at public works and charles sullivan from the city attorney's office who work with us to get us to this point. related has been partnering with the city and working in san francisco for over 30 years on large projects of this type. innovative public private partnership is the type of challenge world class devel