let's bri in nick ed lee, live from weston's -- westminster. it is difficult to know which y turn.et's start with the new man in numb 11. what does that change in terms of t how uk's economy will run? : i don't think poli will be radically different. i was at a briefing in downing all meant.bout what this the prime minister's spokesman was less than forthcoming with whether the fiscal targets that the old chancellor has set would still be there. i think it is unlikely it will change drastically. they have not committed to that yet. the biggest change thate will see in the short term is that number 10 and number 11 downing street, the prime minister and the chancellor will be expected to work off exactly the same page. it is a big deal to take all of the advisorse from treasury, the people that tell the chancellor howo rmulate policy and how to communicate it with the public through the media, for them all to be brought under the guise of number 10 and ultimately answerable to the prime snister. it dean that boris johnson will have a much firmer contrt over wes on in economic policy

in 2015 mayor ed lee convened departments created the sea level rise coordinating committee. this brought together planners who own intake structure orings. that can be monthly basis. this group worked to create the sea level rise action plan. it called on the departments to work together to understand the impacts and development strategies. its vision was to make san francisco. we will enhance public and private asset and and quality of life. the plan also set out a road map to address the vulnerability to see the low rise. first was to understand and review the science of sea level rise and what to expect for the city. next couple step was have to do with sea level rise. >> it is near the final state. i will talk about the coming steps which we bundled into a climate framework melis take mentioned. first step to understand the science behind so level rise. this is from a report 2012 from the national resource council. it has sea level rise outcome showing the near, mid, long-term to the end of the century. in looking at the sea level rise and we add another three feet on to

rapid fire here to break down the headlines is ed lee. courtney reagan and eric chem i. the gap making a splashy move that i don't really understand they're tapping thread up with a partnership with the apparel resale platform. this comes on the same day another secondhand clothing platform, the real reel higher on an outperform at raymond james. courtney, the durability secondhand market is proven but what are they doing? >> there's growth but what the gap is doing is partnering with threadup where they send you a bag, send the clothes and sends it to them and value it and resell it on the side. if they sell, you get some money back what gap is saying is if the thredup values that dress at $20, someone paid $20 for it, you can take that $20 that they give you or the gap is going to give you $23 so a 15% increase in the value to then spend at their store. >> competing or partnering >> gap is trying to find a customer not shopping at gap stores they are trying to reward people for being environmentally conscious. so that's a big part of it, too. i think they try to figure

for rapped fire here with the take, "the new york times" corporate media reporter and contributor ed lee and i feel like we work together we're together a lot morgan brennan, hi clark kent, also known as robert frank. there's no phone booths. much more difficult. >> go to the starbucks there's always one somewhere. >> shares of bed bath & beyond plummeting the ceo says the company is experiencing in his words short term pain. citingen creased promotions, falling store traffic and inventory issues this is really pretty hideous. down about 20% on pace for the worst day ever for more, let's bring in and welcome cnbc.com retail reporter lauren thomas! lauren. >> hello. >> you hear that >> i can hear it, the applause great. >> how are you >> i wish we had that. >> i asked for that. we haven't met what the heck? >> why not >> the warm welcome joe is known for. >> they still don't sell beds. >> still don't sell beds you can get everything else beyond the bed. >> bed bath & beyond what really happened here? inventory. >> right i think they said it was a whole host of things, inventory management

and so you know looking at sf -- home sf when the previous mayor, rest in peace, ed lee, he put a task force together with three goals. low-income, really low-income and moderate income. i, of course, jumped at the opportunity to work on that, on that task force. and what i wanted to do was -- it sucks, we make $150,000 and you're barely surviving in the city. he mentioned you have four kids. i have two. can they afford to live to the city? affordability is just a word. it's not a housing shortage, it's affordability shortage. every district in the city has to put up density. and you know, whether we liability or not -- like it or not, the state is going to put density bonuses that are going to overrule our local stuff. you're going to see higher density everywhere. i see everyone shaking their heads. this is on a corridor. this is on a main line corridor and, yes, there is going to be impacts directly with the surrounding neighborhood. the greatest thing i see, people mention these health issues. this is going to be dealt with. this stuff is not going to be sitting in the dirt, rottin

>> ed: david lee miller, thank you. that is "the story" for friday, february 14th, 2020.ne's day. as always, the story continues. i will see you monday morning on "america's newsroom" with my co-host 9:00 a.m. eastern and my friend martha mccallum will be back here monday night. until then, have a great weekend. ♪ ♪ ♪ ♪ >> tucker: good evening and welcome to "tucker carlson tonight." sadly, it's the end of the road for one of cnn's top presidential picks, sadly. he is not dropping out. he is behind bars. croupy porn lawyer convicted today on a long list of felonies. developing, we will have details for you just ahead. we will also tell you about mayor michael bloomberg's emergence as an actual democratic contender what that says about the democratic party and about america. worth paying attention to. as we chronicled pretty extensively on this show our leaders in washington suddenly seem deeply sympathetic to people ensnared in criminal justice system. a lot of criminals getting

eastern time for reaction now given we have the numbers crossing, we have ed lee here, new york timesporate media and john ford is in the house, co-anchor of "squawk alley" and all things tech what is your immediate take on this, the stock looks like it's moving on this news about 3% up just now >> well, i want to get in there and see the daily active user numbers as well expected to be up 2 to 3 million overall pretty flat in the u.s. but i think this is a little bit of a sigh of relief given what we saw from snap, concerns about the holiday season overall snap and twitter tend to be associated together more than anything and then if you look across digital media in general, facebook's quarter disappointed some people, google they broke out the numbers, but top line wise not as strong as some had hoped the core ad business was the strongest part i think there were some worries about twitter. that's why perhaps the pop initially. >> i do think with this move to the monetizable daily active user, they keep moving the goal post on us -- >> which is in itself a little weird. we'll make u

and so you know looking at sf -- home sf when the previous mayor, rest in peace, ed lee, he put a task force together with three goals. low-income, really low-income and moderate income. i, of course, jumped at the opportunity to work on that, on that task force. and what i wanted to do was -- it sucks, we make $150,000 and you're barely surviving in the city. he mentioned you have four kids. i have two. can they afford to live to the city? affordability is just a word. it's not a housing shortage, it's affordability shortage. every district in the city has to put up density. and you know, whether we liability or not -- like it or not, the state is going to put density bonuses that are going to overrule our local stuff. you're going to see higher density everywhere. i see everyone shaking their heads. this is on a corridor. this is on a main line corridor and, yes, there is going to be impacts directly with the surrounding neighborhood. the greatest thing i see, people mention these health issues. this is going to be dealt with. this stuff is not going to be sitting in the dirt, rottin

and so you know looking at sf -- home sf when the previous mayor, rest in peace, ed lee, he put a task force together with three goals. low-income, really low-income and moderate income. i, of course, jumped at the opportunity to work on that, on that task force. and what i wanted to do was -- it sucks, we make $150,000 and you're barely surviving in the city. he mentioned you have four kids. i have two. can they afford to live to the city? affordability is just a word. it's not a housing shortage, it's affo

. >> ed: why didn't mike lee and others join you. and others in a republican led senate as you know challenged the president. why? >> so, i think, ed, because there is a lot of pent up frustration with the general issue of war powers. the fact that we continue to take action based on 2001 and 2002 amufs, those are reasonable positions. they are reasonable frustrations. and we ought to have a reasonable discussion about them. i just don't like it in the context of this conflict that we have right now. because there is so much at stake in the middle east, including iran. >> ed: absolutely. >> particularly iran and the other countries. to me it was a matter of context. >> ed: senator, i have 30 seconds left. >> sure. >> ed: the president going back to 2016 promised to end so-called wars. mike lee and others saying they want to see afghanistan end. county president still get there while still protecting america and make sure it's not a terrorist safe haven. >> it depends on what you think end means. we had a hearing this week on afghanis

but just as big for ed oh kim and clara lee, who held their own little oscar party to root for the movie. >> we were jumping up and down. a really exciting time. >> as korean americans, it's special to us, because we understand and really respect our korean culture. it feels like a marriage of those two cultures that were so strongly tied to. >> here is another of the masters of korean sin may, at sfo film they've been championing foreign cinema for a long time. they're thrilled the oscars are finally taking notice. >> what is so special about this win, this is a film that succeeded with audiences because it was very much of itself. it wasn't trying to be a korean version of an american film. >> at queens in the inner sunset, you can even get a taste of the movie. >> this is the "parasite" combo. >> what does that mean? >> so essentially, in the movie, they highlight this specific dish. combined. >> "parasite" cheat sheet, for someone who hasn't watched the movie, what it's about? >> it's about a family that are down on their luck economically that insinuate themselves into the home of a

so, more recently at the direction of late mayor ed lee, he instructed his economic development team to reengage on the project. there were a number of prior arrangements from 2003 and 2006, which were not adequately or sufficiently helping to realize the full potential of the building -- i'll put it that way. so we set about assembling an advisory group with relevant developments with expertise that could help us chart a path forward. we work closely with our partners at r.e.d. this is a real estate division facility and we devised the long-term approaches to help realize more of this building's incredible opportunity. so the near term, i'll talk more in the short presentation and the long-term i'll mention briefly here. it's not an item before you, but we did select the california historical society as our partner in that ongoing due diligence and assessment effort. the goal is to ultimately bring before you a full reuse proposal for the building and to rededicate it as dynamic cultural facility in san francisco. as to the lease, we again went through the process, selected non-plus

guys. >> ed: susan lee thanks for coming in. >> sandra: all right, 2020 candidates trying to shore upolina. how they are using president obama to do that. our political panel is here to weigh in on that next. >> ed: the coronavirus crisis taking a toll on the sports world. could the summer olympics in japan be in jeopardy? >> talked to the 2020 committee and the japanese government take the situation seriously. i think we're all trying to preserve what is a fantastic global event. l congestion, which most pills don't. l congestion, flonase helps block 6 key inflammatory substances. most pills only block one. flonase. >> sandra: 2020 candidates making their final pitches in south carolina where voters will be heading to the polls tomorrow in the democratic primary. we're live in columbia, south carolina this morning. >> sandra: 2020 democrats are still stunned by what happened at the last democratic debate here in south carolina and they are pointing fingers at everyone else on stage. >> anyone see the debate on cbs the other night? it was more of a food fight i think than a debate. >>

we'll head over to ed. >> ed: let's bring in republican congressman lee zeldin from new york. good to see you. so it seems to me you know washington well. these leaks don't happen accidentally. first you had bill barr a week ago on camera on the record with abc saying all the tweets are making my job impossible. now these anonymous reports that people close to him are telling the white house he might resign. he may not resign but it seems to me he is sending a signal to the president please stop. >> that's true. i'm skeptical when i see these anonymous reports like what we saw last night about the a.g. resigning and the d.o.j. quickly swatting that down. for the attorney general, there is a big burden on his shoulder. and there is high expectations amongst the american public and the president, amongst the president's supporters, tens of millions of americans earlier in the segment last night two tier justice system. you mention andy mccabe getting off and 7 to 9 years for roger stone. as durham is completing his work, the people want to see that the origins of the trump/russi

epstein beerbohm,pstein, walt hannah wax, leah , joseph freed,ed , adolph wrong felt -- sophiercus stein stein, then, carla roots,s -- leennah weiss, mirriam weiss. to invite ae holocaust survivor to come --ward to lead the >> we offer as a prayer of weembrance, the words, affirm our faith in a higher power, the power that endows us with the ability to learn from the past and choose good over evil. please rise if you are able and remain standing following it for a moment of silence as we remember all victims of the holocaust and all victims of bigotry and hate. [speaking foreign language] you may be seated. ♪ >> i would like to invite a holocaust survivor -- holocaust survivors to join together with the diplomatic community to light memorial candles. following them, we invite all of our guests to light a candle. ♪ >> with the upcoming iowa caucuses and new hampshire primary, sunday at 2:00 eastern, american history tv looks back at presidential candidates bill clinton and towards w bush's visits to the granite state. >> there are too many students and parents that believe that how much you learn in school is determined b

they had 18,000 children come and see harper lee's iconic book performed by ed harris.chance to do this. the first time a broadway play has been done in madison square garden. i wish i was there. >> i thought it was fabulous. so my one more thing had to do with a school teacher for black history month, the end of it, came dressed as a different character in black history every day. >> neat. >> even president trump is having a meeting about black history. up next, it's bret. >> bret: greg's wife picks him up? thanks. welcocome to raleigh, north carolina. we're going to host a fox news town hall with democratic candidate minnesota senator aim by klobuchar. i'm bret baier. if you have money invested in the stock market for your 401(k), the coronavirus may be costing you big money. fears of the spread of the outbreak have led to wall street's worst week since the financial crisis since 2008. the dom hemorrhaging

. >> ed: chilling, david lee, thank you. >> sandra: hundreds of americans returning home after beinged from the coronavirus hit cruise ship amid growing fears the disease could become a global pandemic. the bloomberg campaign floating the idea of hillary clinton as a running mate? could that actually happen? our a-team will take that up on top of a brand-new hour. your mom just texted. she is on her way to our house. what? i got it. alexa, start roomba. the lexus es. eagerly prepared for the unexpected. lease the 2020 es 350 for $389 a month for 36 months. experience amazing at your lexus dealer. >> sandra: fox news alert on the fast spreading coronavirus, 340 americans evacuated from the quarantine cruise ship at japan now back on american soil where they'll spend the next two weeks quarantined. 14 have tested positive for the deadly disease but have yet to show symptoms. 40 other americans from that cruise who do show symptoms reportedly taken to tokyo hospitals. they were not brought home. the virus has now killed 1700 people and infected at least 71,000 patients worldwide. lots m

ed rollins joining us a does "judicial watch" tom fitton. bill lee.ctor at moody's john lonski on what happened on wall street today and around the world in stock markets that lost trillions of dollars. we'll take all of that up at the top of the hour. please be with us. liz. liz: we'll be watching, lou. great to see you. good to see you. lou dobbs there. now the media in full panic mode over the democrat race saying quote, nominating bernie sanders is political suicide for the democrats. we have a top establishment democrat think tank now warning if you don't stand up to bernie sanders, we're going to lose it all. that's next. ♪. ♪ everything your trip needs, for everyone you love. expedia. for everyone you love. (howling wind) (howling wind) tto examine investmentgo opportunities firsthand, like innovations in agricultural research. because your investments deserve the full story. t. rowe price invest with confidence. it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and ed reiskin who came before them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be t

>> for more i'm joined by mike mem lee, saha kapor, and ruth marcus. you decide whether the op-edsn in this room with tom brockaw, in 1988. it seems boxing is the most dramatic sport, is this coming down to two -- you're covering biden. it looks like it's going to be a bb fight between buttigieg and bernie. >> biden starts with a b also. >> not talking about those bs. >> it might be a three b deal here. >> you think biden is still in it? >> i think we don't have a declared winner in iowa, but we have a declared loser in joe biden. so if he is limping into new hampshire and he needs to perform here in a major way. but he is -- he is in it. he's not out of it yet. >> it yet. >> i keep thinking a star is born, bernie and buttigieg. you know the old guy with a new cover. >> i think a way was a gut punch. it could be a knockout blow. now the question for buttigieg is barack obama can come from behind and grow his vote elsewhere? or is he a mike huckabee, winning a very eccentric state, the caucuses that don't happen anywhere else? >> why would a caucus voter be more likely to vote for a

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another op ed last month you stated that iraq can vote all they want to move us troops that were never leaving you believe that we're never leaving iraq . well we'll never believe in tension lee from iraq you know they voted unanimously time to leave you know we reformed their country we sent our kids over there many died and and were you know lives destroyed and their country has been in our people and yes we had a bad dictator there and everybody justified it but we went to war. by telling lies about what song don hussein was doing and that's why people go but we've got to go get him we gotta go get him but we destroy their country kill millions of people and all of a sudden you know we're we're going to. you know they're do discuss that with us they don't want our money they don't want us there again you broadened us so they would have a vote and it went 100 percent against this and i don't think you'll find democratic leaders or republican leaders who would jump on the bandwagon say time time to leave we'll leave you know like the soviets left afghanistan they left with their tail between their legs because it was bankruptcy for him and that's what we ought to be thinking

we joined by carol lee, one of the stories who broke the story, harry littman and for the purposes of this conversation, we'll point out you just wrote an op-ed for "the washington post," the justice is on life support. we'll get to the op-ed in just a moment. carols are let me start wi-- ca me start with you. what have you learned about attorney general barr's extended involvement and why it has led to these four prosecutors to leave the case and for some leaving the d.o.j. altogether? >> what we know, craig, is that there was a debate within the justice department between the prosecutors and other senior officials over what guidelines to recommend in terms of sentencing for roger stone. the justice department says that they were blindsided by this, which is a little hard to believe given the fact that they were going back and forth about this over some time and that this was such a high profile case for all the reasons you just said. so what would happen is the prosecutors recommended seven to nine years and very unusual step, less than 24 hours later, the government came back and said, no, that's too harsh, we think that he should get a li

lee there. meanwhile, the white house team working, as you point out, ed, on the president's remarks.rces telling fox news the theme will be the great american comeback and will lay out the vision of relentless optimism with a particular focus on the blue collar boom supporting working families, lowering the cost of health care, safe and legal immigration and protecting national security. as you can imagine, we don't anticipate seeing the president on camera today, although he did make his way out on the links as we saw there on twitter. if that changes, i promise to let you know. for now, back to you. ed: kevin, thanks for staying on so much that. let's bring in arizona republican congressman andy biggs, he, of course, is a member of the house judiciary committee and is chairman of the influential house freedom caucus. thanks for coming in. >>ing thank, ed. good to be with you. ed: a lot covered by democrats and republicans about what we've seen in this trial, where we go from here, but i think maybe lindsey graham caught all of our ears, and let me try to put this in a family way, p

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and edame before them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be the dusty baker

ed rollins, pulitzer prize-winning columnist michael goodwin join us to assess all that is happening in this country politically. author of, the plot against the president, judicial watch tom fitton. congressman lee70 obama hold overs from the national security council. we'll have much more from the top of the hour. thanks very much, liz. liz: good to see you. we'll be watching. looks like a jam-packed show. >> thank you, liz. liz: house intelligence ranking republican devin nunez says blame the media for not delivering the context about major controversies. watch this. >> the legacy media in this country is not doing their job. this whole russian hoax, the ukraine hoax, they were in on it from the very beginning. they refused to talk about just how wrong the democrats really were. liz: republican senator lindsey graham says he will look into the biden conflicts of interest and fbi fisa abuses spying on the trump campaign, saying the media is so in the tank over this issue it makes them sick. let's bring in former federal prosecutor, andrew jaw koskie. >> we see this buys in the democratic party and also in the media, they were presented with a idea that president trump may have done something im

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and ed reiskin who came before them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be t

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and ed reiskin who came before them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be t

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and edwho came before them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be the dusty

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and ed reiskin who came before them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be t

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and ed reiskin who came before them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be t

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and edbefore them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be the dusty baker who

i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and edre them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian, for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be the dusty baker who han

ed in the "wall street journal" recently that said wuhan, the outbreak of the virus really shows the fragileity of china's political system and economy. this syncs with the chinese hysterical reaction to walter lee's writing that china is the sixth man of asia. they are very sensitive about that. frankly i think the pressure china's communist party and its economy is actually underappreciated. in the united states we are overestimating the impact of wuhan. in china we may be underestimating it. stuart: good point. this is the reason we wanted to talk about hong kong and china. the effect of this virus that it's having on the chinese economy. it seems to me the economy's at a standstill and they are very close to going into negative territory, where they are actually shrinking. are we there yet? >> right. if you juxtapose the two situations, in the u.s. the market looked kind of pricey going into this crisis, 26 times earnings on the s&p 500. now it's about 20 which is where it was a year ago. china, on the other hand, was already at about zero growth. now it's probably in very steep recession. economists have begun to sort of realize this but i think are underestimating how it is because factories