we began estimating what the market rent would be for the buchanan street. from that market rent we subtracted and allowable vacancy and collection loss. we subtracted some operating expenses that should be allowed for the property to approve at the net income. the change was made in the risk factor. for over occupied buildings it's 4%. for all other property types the risk factor is 2%. our initial evaluation used 4% for the entire property. we were -- that's incorrect because part of the property is owner occupied so we applied the 4% risk rate to the owner occupied portion of the rate and 2% for the non owner occupied portion of the property. this resulted in evaluation being adjusted to .29 95. and the second handout is the revised summary page. the three prong test as you can see and the current assessed value is listed here and result in taxes of approximately $19,000. based upon the three prong test the lower of the values, the restricted value, which is 1.1 million, and the factory facta value and $2 million and the value should be as listed here and

once the estimates are brought lowered, companies beat the lowered estimates.oking at for the second quarter. estimates for the second quarter are 5.3% growth rate for the s&p 500. will they be taken down further? we've seen that in the past. likely to happen again. then the companies might beat lowered estimates. ashley: on the other side what were the weakest performers or weakest sectors in this quarter and do you expect those to continue to be weak in this present quarter? >> yes. we actually see the same trend in quarter 2 and quarter 3. the weakest sectors were utility, energy and materials. and we see that weakness continue into the third quarter. one. big reasons for that, especially materials. we've seen commodity prices fall. what is more worrying, these companies two or three years ago commodity prices were higher, invested large amount of money in new infrastructure, large mining and oil and gas exploration projects. now that the prices are down these projects are coming online the those projects are making dividends and returns they were expecting.

government estimates are. we reduce the price of the airplane from the first year to the seventh year of production by more than 55%. we have six different basing locations where we are operating 35.y -- the f- to reduceken measures concurrency, or that development program, and the results demonstrate we have been on track for the last three years and are reducing cost ahead of the u.s. government. >host: what happened in the past that made these costs go up? "l.a. times" reported, the per plane cost has doubled. has hadhis program challenges in the past. i can tell you what is happened over the last three years. that is a program that is continuing to hit milestones. we have completed our durability and static test. we are flying the mission systems of the airplane, working the radar, electronic attack at ranges. we have verified the stealth attributes of the airplane, and how it enables operations into the future. we are really hitting our milestones. we are driving down cost in front of the u.s. government

we began estimating what the market rent would

the estimate was for around 383 million, the estimates coming in around 367-373 million, so just a littlethe revenue, but some of the other numbers pretty good. david: yeah. and what has happened, by the way, since it went downed in the bid after hours is that it has come up again. you can see right now it is trading well above its closing price. so after people picked through the numbers and realized looks pretty good, they're trading higher. we'll see if it sticks that way. thanks a lot, ashley. liz: thank you. i finally got out of the blackhawks jerry. die son -- jerry. diamonds are forever, but how they buy them is changing fast. in a moment, the very latest shopping trends in an exclusive interview with the see you of online jeweler, blue nile. david: all right, we also have a fox business exclusive coming up with one of the country's top corporate leaders. itt's ceo, denise ramos, this stock is up over 10% today after a huge earnings beat. you do not want to miss what she says about her bold plans for the future. it's good for itt, and it's good for the economy, when we come back. ♪

>> cbo is required to do cost estimates. and that's a very important role in the sense that what existed prior to that point there was no no thundering these cost estimates and the way that would find them necessarily trust for the prior year to the creation of cbo. but what happened is you would either have the president's budget office and budget what do they cost estimate that wasn't immune from the influence and whether the president actually likes this particular bill or didn't like this particular bill or worse yet, you might have the sponsor of the particular piece of legislation being the one to do the cost estimate so they had every incentive to suggest that the cost was lower in fact then it would be in reality. the cbo doesn't get the cost estimates right all the time. no one would get the cost estimates right all the time to the i think that the influence is people realize they don't have a particular tax to grind in the the date that is they are trying to do what they can to come up with the most accurate cost e

pg&e's green tariff option as estimated by pg&e and the press would be about 11-1/2 cents. if you add the penny to the base rate expected in january for pg&e, you would get a 12.5 cent green rate for its proposed tariff. we think if we launched today with the information that we have about shell and hetch hetchy power we could have a rate of less than -- less than 11 cents per share and probably less than 10 cents. i have a slide called water recs, but i'm not going to go through because i understand ed randolph is here from the california puc. he's an expert on the state's renewable portfolio standards and will do a much better job than i will explaining that to you. and now, commissioner arce, getting to your question about build outs, when i joined in april, local power had just finished its report to the sfpuc on a business model for this program which included a very aggressive, very aggressive approach to buildout. and that contract ended in march. since i've been there, i've tried to identify components of that work that we think are practical and doable and low-risk

now, our estimate is only 23,000 for the month.n for that is we saw a sharp slowdown in withholdings growth late in the month. the bls establishment survey will not pick that you showdown because the reference week for july is the second week of the month. >> let me go to bob cinch. bob, is there merit behind what david is saying? and might that show up in august in terms of the bls payrolls? >> well, one thing we could be dealing with on the withheld side is fewer hours worked. there are some furloughs going on. so those people would still be employed but they wouldn't work as many hours. the amount of income and withheld taxes might go on as well. that could explain the discrepancy. >> you heard about 175,000. that's probably pretty close to the consensus. would you take the high or the low if europe going to change your forecast? how do you see the employment conditions themselves right now? and here's where i'm going. so many people are writing about temporary jobser that than permanent jobs. that's job creation has looked pret

it is estimated as many as 27 million people, men, women and children. it's estimated there are more women and children because of gender and equality in our world, but men, women and children. it has many faces around the world. >> who are they? >> it can be children that end up being forced to become child soldiers, women forced into prostitution, men on fishing boats, children in factories, men and women in factories, family on charcoal farms, children in cocoa fields. >> what about in countries like ours where, you know, top level organized country how can it go on here? where does it go on here in the united states? >> human trafficking has kind of two elements. it can be sex trafficking or labor, forced labor. we see both of those in our country, probably we see a lot around here in the bay area we look at west oakland and international boulevard and young children being prostituted. so anyone under 18 in this country that ends up in prostitution is real lay trafficking victim. we also see labor. where we are seeing is we can see people in construc

. >> reporter: the center for american progress estimates 10 million americans under 25 are unable to find full-time work and estimate the cost for the group $20 billion in lost wages since the recession. retailers catering to the group should be particularly concerned about the lost spending power. >> the persistence of this 20% plus unemployment rate among teens means it stays tempted. >> reporter: the retail team surveys 52 hundred teens twice a year and the most recent survey revealed parents are contributing considerably less to purchasing than the past. that's worry some for retailers. >> she's going to buy herself a couple of special things she wanted that, you know, i might not have included in the back to school shopping. so, yeah, she's going to use her summer money. >> reporter: the issues go beyond unemployment levels and attracting contributions. the population of 15 to 19-year-olds is actually shrinking. potential students in the population means fewer teenagers shopping for back to school. >>> well, the battle over the future of dell may be closer to an end, close by no

. >> i think this is a somewhat optimistic estimate.of the problems that we talked about, the side wall of these trailers are thin. if they try to write the trailer the weight of the contents might likely pull it off. that may be challenged in there as well. and again, we're looking at northbound lanes of interstate 680. no traffic is getting by. >> here is the location. the commute direction is southbound and it is also backed up for miles. this is north of highway 84. what can you do to get around this area? niles canyon road is here and this is not the best option. it really is a tough drive even when there is no traffic. when you try to put commute traffic on it your best bet would be to go to the mimic freeway and cut back on interstate 580. you will hit have big traffic but this will be the surest way for you to get around. >> we have an incident at the heart of the toll plaza. an accident has been reported record x on the san mateo bridge highway 92 it is a smolt commute. the golden gate bridge ride is foggy and weight but there

they were estimating about two hours.>> let's talk about churr alternative routes. if you are using gps, you can take mission boulevard 880. you can even take mission boulevard to niles canyon road. i can tell you that it will not handle the traffic. that is not the way to go. it will be a long riding will have to come up to 238 and cut back to interstate 580 if you want to rejoin 680. your options are very limited. niles canyon road is not a good route. >> the bay bridge, is seen a backups forming and the mirror lights have not been activated. the drive time is 14 minutes. highway 92 is a good commute with 11 minutes. the golden gate bridge is a good commute. >> the weekend is looking pretty unsettled especially sunday evening perhaps north of the golden gate bridge. we have the possibility of some thunderstorms. as we focus on the friday it forecast. we are waking up to the money starts.a muggy st's out the door in sunnyvale. you will notice that it will be cooler and what we saw yesterday. the temperatures will be in t

even without food and energy the cpr was up matching the estimate. register is kept. the newspaper posted a note on its web sites a readers of some stores have been redirected to the web site reporting the regime of experience of president bush are al-assad. a fox business network giving you the power to prosper. fax cheryl: a lot of data today, the market didn't like. we are pushing session lows on the dow, nasdaq and the s&p and the dow is up 17% for the year. the s&p up 18% for the year and the nasdaq up 21% for the year. you got pull back and sometimes this happens, and that is the market on the piece of this loss. and they are as american as apple pie. only 368 are left, and projector's of digital technologies, many are going out of business. american honda taking up the cause, senior vice president of operations. be honest question is why would honda take something that although drive in movies are nostalgia don't seem to be successful anymore? why take on this cause? >> we believe in helping our customers in any way we can and we understand we

the usda got into fields for the report lowering the estimate.trading pits it's going to happen again. that's why corn is up. what's disturbing in the number is the soybean number meaning big as well. not only are the carryover for beans at a might nine-year low,t they were planted late, and according to the usda, when you look at the crop report, you know, despite the fact that we're going to produce 8% more than a year ago, we missed traders' expectations by about 2 # #%. what does that mean for beans? beans right now are flying, up over 40 cents in the good croppings, and they pulled back, only up 33 now, pulling up after the initial surge, but that's very, very bullish. beans could be very, very dangerous because the later they planted beans, they are susceptible to early frost. with the lower carryover, we get an early frost, beans could explode. cheryl: all right, phil flynn, thanks to jeff flock standing by with the numbers. gentlemen, what a report we got today. appreciate. well, new york to los angeles in 45 minutes, it sounds like somet

the figure is four times the estimate for people aged 20 or older in a similar survey. the addiction rate for junior high school students was 6% and was higher for high school students at 9.4%. the rate for male students was 6.4% and there were more females at 9.9%. this man from western japan has been playing online games since high school. he began getting treatment two years ago. the man says he enjoys fighting monsters and exchanging messages with other players. >> translator: my friends on the internet became more important to me than those in the real world. i wasn't hungry for the game but hungry for relationships. >> he says he only played the game for about three hours a day at first, but his addiction got steadily worse. he sometimes sat in front of his computer for ten hours. a member of the survey team warns the problem can be harmful for young people. >> translator: children are only beginning their lives. so it's a serious problem if they become hooked on internet games that can hamper their development. >> he says there are very few medical institutions a

government estimates are.e reduced the price of the airplane from the first year of production to the seventh year of production by more than 55%. we have six different basing locations where we're operating the f-35. we're adding more international partners to reduce the cost. we've taken measures to reduce what's called con currency or that development program and the results demonstrate that we've been on track and we're reducing cost. host: what happened in the past that made these cost go up. in the l.a. times reported, fewer planes higher cost, over the past decade, the per plane cost of the f-35 fighter program has doubled. guest: certainly this program has had challenges in the past. i can tell you what's happened over the last three years of the program. that is really a program that's continuing to hit milestones. we're flyinged mission system of the airplane. we're working the radar, electronic attack. we're testing and have verifying the stealth tributes of the -- attributes of the airplane. we're

but it is topping estimates by 9 cents per share. that is lowe's ticker low. >>> mash ets this morning, we saw the futures are indicated lower. and yesterday we said 30 points, 30, 40 points of upward indication, early in the day, is not enough to guarantee a higher close for the average. once again, it was unable to hold on to those and did close down. i think some of the other averages were up. so there were things in the dow that didn't help. today, we're looking at the dow down 22 points. everyone says that the fomc minutes could indicate whether september or december for the tapering. let's look at oil boards. we have 104.82. some people are surprised we're still over 100 given the economy is not going -- other people wondered why we're not happening with what is happening in egypt. they aren't a big oil producer, but they could shut down one of the canals over there, which one? the suez, right? >> it was a state of emergency. they didn't shut it down, but oil rose even when it was just tensions were raised there. >> really inte

that estimate doubled to 2.6 billion to build a signature suspension bridge and tower. three years later, the price ballooned to $5 million and now caltrans estimates the toastal cost to be $6.4 billion. >>> police are searching for four men in a white chevy blazer after a jewelry store heist in walnut creek. paul chambers is live with more. >> reporter: good afternoon, tori. one of the things you had to see to believe. tiffany's is closed. they say they will be closed. they usually open at 10:30 a.m. you can see the shades have been drawn. they've closed those also. talking about the smash-and- grab robbery, police are still looking for the suspects. take a look at this. someone used this pickup truck as a battering ram to break into tiffany's. that's according to walnut creek police. officers say the truck was stolen out of citrus heights and around 5:45 a.m. four men wearing hoodies came out with jewelry. >> it's small jewelry, the stuff left out. the high-end stuff's locked up. >> reporter: the robbers took off in a white suv and headed towards highway 24. investiga

an estimated 210 tons of highly radioactive water sits in a tunnel that's about 60 meters from the shore. the water has been leaking into the ocean. tepco officials say workers will run the water through a filter designed to capture some of the radioactive particles, then they'll store it in steel tanks. estimates suggest 15,000 tons of radioactive water is sitting in all the underground tunnels at the facility. >>> people gathered in tokyo to remember the man who led the efforts to control fukushima daiichi after the 2011 accident. former plant manager died last month of e sophogeal cancer. he tried to stabilize the leak. he defied orders from tepco executives to stop injecting sea water to cool the fuel in one unit. more than 1,000 people attended the memorial service for him. they included prime minister shinzo abe and government officials. tepco president vowed to build on yoshido's efforts. >> translator: you took responsibility as a leader and did your utmost to deal with the crisis. we'll always remember how you tried to protect the land and people of fukushima. we'll remember how

we expect to update our full cost estimate for the project and our funding strategy and will be working to complete the final eis,ir in relation to comment. just a couple more slides. >> no rush, take your time. >> the remaining work includes work on the community and agency coordination side. then we'll be doing outreach with the release of the drafting environmental document. the schedules for this remaining work includes the focus on the locally preferred /al tern /w*euf the /o ut /raoeufp in the fall of this year followed by a draft environmental document that will be released in the spring of 2014 and then certification of that document in the winter. coming back to the proposed contract amendment, we are seeking a recommendation to increase the engineering contract by 1.3 million dollars. we will consider a request for 2.7 million dollars in prop /k-bgs fundsment part of that would be for the jacob's contract and the remainder of it would be >> why are we always -- why are you here today for an increase? a: i can give a little bit of background for this project in particular. when

our influence after 12 years of war under estimate the potential the danger for disaster that results? >> it is astounding. we have the obama administration and mccain and gramm the influences when $.4 billion to the egyptian government but with that will factor the suez canal that egypt controlled 78% of the oil and liquefied gas passes through on the way to europe and america if the suez is targeted by the brotherhood every american will feel that in their pocketbook everytime they go to the pomp and fill up wheel and gas prices will skyrocket and also don't forget the sinai peninsula is the al qaeda as a hotbed and a tax air-launched there against israel that could spill over egypt's borders into a whiter conflict than whole global economy will feel it. lou: more troubling to me if i may be provincial we have sufficient energy to forestall any possibility to be an impact for the embargo or the disruption but what does bother me is a set of leaders, this president senator mccain and senator graham to pronounce each of done worthy of our aid instead of talking constructively about wi

the original estimate was 1.3 billion. it's $5 billion more.re going to find out whether we graded them properly with the contractor. it will be an interesting journey finding out what happened. >> this is a glaring example of what the state can and can't do in terms of projects. we have bigger ones in the works. there is a high speed rail approved from san francisco to los angeles that is supposed to get underway. the delta tunnel plan, which is to bore huge tunnels under the delta to ship water to southern california. does this raise concerns about the ability to do those things. >> huge concerns. huge concerns. i was a critic of the proposal on high speed rail. the judge decided last week that it was contrary to what the voters voted on. we have a lot of work to do on these big projects. these big institutions at the state, there are a lot of great people working there but they are not responsive to the public. we need to change that. >> we can -- i understand you saying we need to change that. meanwhile we have bridges that go from one bill

the apparel retailer topped analysts estimates for the third quart near a row and boosted the profit forecast. the ceo says customers are responding enthusiastically to the selection of merchandise now and the stock climbed as a result more than 6% to $21.10. >>> but at chiccos the women's apparel retailer says sales and profits are down. the company blamed it on lower traffic, fewer transactions and less money spent. investors brushed that off after the ceo said much of the inventory is cleared out. that was enough to send the stock up 4% to $15.95. >>> william sanoma posted earnings higher than analysts estimates but the profit outlook fell short and gross margins stopped so pressured the stock and it lost 4% to $56.97. >>> a good day for shareholders of the wireless chip maker, avago. it's getting a boost at some of the world's biggest smart phone makers launch new products. the chips are used in apple iphones and devices made by samsung. the stock rose 5% to $38 and change. >>> a new warning out today just how vulnerable your cell phone might be to computer virus. smart phones us

they estimate savings of $48,000 less than the estimated less of 7.8 million to purchase the parts and supplies under the city's regular competitive processes so our recommendations -- we have a recommendation to address that because that is an estimate we think the board should get more information given this is a pilot project which we believe is a good project but we believe there further information and page 69 we recommend that you approve this contract and in the period listed and amend the legislation for the option to extend the two year term is up to three additional one year terms at the director of transportation sole's disresidence and not to exceed amount listed. on recommendation three there is a typo there that we say to amend the report. we amend to say "amend the resolution" to require sfmta to report to the board of supervisors on actual savings realized as a result of the proposed contract based on mta's contract valuation at the end of the year fiscal year and that is the specific recommendation i clarified and we recommend that you approve the legislation as amende

i think next two quarters could be falling earnings estimates.i want to go on the hunt for companies recently beating their estimates on both earnings and sales. they have the kind of operational momentum that might protect them from a up could have quarters of generally falling estimates. liz: okay. thank you for doing the homework for us, okay? now let's get to the answers. we're cheating at this point because "barron's" is helping us on this regard. let's get to your first name. what i love about this is not a name that tends to be spoken about in the financial media. explain what they do to our viewers and why do you think this is the one? >> this is drug company, a spin-off from abbott labs. this is supposed to be the boring part of the business, the dull, branded drugs with patent expirations coming up. we love boring, because boring tends to be cheap and boring tends to produce great cash flows. this company is beating estimates. they are finding new uses for drugs they have. they have 16 drugs in pipeline late state development that could

we put together some initiative estimates and we do estimate this is a large project between 65 and 69 million to put the system in place. and this includes the radios it's actually most of the of this cost. so what we've done is with this project we've followed the same plan that you use when you major capital development plans in the city and we've asked for the planning money first. as recent as may second point approved planning for the project it was about 8.1 million that will staff two positions in the department of emergency and in the department of technology. we'll have a consultant come on board to behind us with the streaming . for example, the communications income tax is being put together and the consultant is looking at the public service department can take advantage of this service as well. we're going to start the hiring process as well as start the r s p service to get the consultant on board. so far as the schedule the vendor has given us a schedule will be about the 2018 timeframe. so we're going in the early planning stages it's going to be about a 5 year roll ou

what's significant about that number is that it's three times higher than previous estimates. but as our chief medical editor dr. nancy snyderman reports, it's never too late to turn things around. >> reporter: it's the last few days of summer before school starts, and 13-year-old marshall reed is up early getting breakfast ready. on this morning's menu? fresh veggie omelets for his mother and him. >> eating healthy makes me feel so good that i don't want to go back to my old ways. >> reporter: marshall has worked hard to control his weight, which is important in light of today's study suggesting obesity causes more deaths than previously recognized. in an eye-opening new report, researchers studied men and women between the ages of 40 to 85 over a 20-year period. they found that obesity was likely responsible for about 18% of deaths during that time, one out of five americans. >> obesity is going to increasingly shape the mortality levels in the united states as we move forward. >> reporter: body mass index has increased in every state, especially the southern and midsection

some of their customers are upset and they don't want it pay what they are estimating $4 or $5 a month. a lot of money if you're an sports fan. >> a lot of money and fees keep going up. i guess as they go up, they're bound to pass more expense on to the consumer. national basketball association next on the rights docket. any prediction on what happens? >> i think it will good for a lot of money. i think it is one of the last if not the last major leagues that is up for renewal for a long time. i think the big 10 football package is also up. so those two are the next before 2 018. so you've got abc or disney who owns abc and espn. time warner who owns tnt. there are incumbent and people who want to get into the business. fox, the story you just talked about, launching their sports network.

this graphic shows the estimates of coverage transitions for healthy san francisco and sf path members under health reform. you'll see at the top, about 60 thousand members are currently enrolled in healthy san francisco or sf path, we estimate that about two-thirds of them, 40 thousand 500 will be eligible for some kind of health insurance. 28 thousand will be eligible for medi cal and 12 thousand 500 will be eligible for covered california, 19 thousand 500 will be ineligible for coverage, those will be the undocumented residents or people who have other reasons not being subject to the mandate. eligibility does not equal an enrollment and people will have to actively enroll into health insurance to get the coverage they are entitled to, so of the 40 thousand 500 we think are eligible, about 25 thousand will access insurance. this is based on a 62.5% rate of retention that we currently experience in the healthy san francisco program, so we have anticipate hated our retention rate which is quite good for our program will translate into health insurance enrollment. this leaves about 15

in san francisco, but as noted earlier, there will be a large number of remaining uninsured, we estimate 3 to 4 million remaining uninsured statewide about which a million will be undocumented and 800 thousand will not have an option of coverage, looking in the bay area, we estimate of the working population that will remain uninsured, roughly half -- >> mr. jacobs, 's, i'd like to ask you the finish what you were saying because i think the information you're talking about is very important. i just want to make sure we have that information. *frjts so, half will not be eligible for affordable care act program and is if we look at those who are eligible for healthy sarn fra*ns, that goes down to a little over about 43% will not be eligible for programs, so if i can just quickly finishing up, for those who will be eligible for the program, and it's important to say this is a big expansion and for many people, the cost of coverage through covered california will be much less than they would pay today and for a much better plan but it will still be costly for many. for a full time worker ear

. >> no question and we overesmated our leverage andover estimated the leverage of saudi arabia having on this government. >> but talking about the middle class the prices of egyptis another example of outside the event overshadowing the second term agenda so now more on egypt with the egyptian military will crash of the muslim brotherhood and author of the newly released book, the brotherhood. thank you for being here. let me start with you. of the adl that this president but to return to the democratically a love elected government what they say they do not want any more after one year. but to establish some kind of order you have chaos by south introduction by the way set up that we were for the mubarak government and then for the of military government. lou: thank you for that it is a third person reference to the obama administration ended your book you call for a move to a the brotherhood as the next great enemy given with what we have witnesd you have compelling new evidence to support yourrview. >> this is the granddaddy of th all with modern islamic terrorist they created how

this graphic shows the estimates of coverage transitions for healthy san francisco and sf path members under health reform. you'll see at the top, about 60 thousand members are currently enrolled in healthy san francisco or sf path, we estimate that about two-thirds of them, 40 thousand 500 will be eligible for some kind of health insurance. 28 thousand will be eligible for medi cal and 12 thousand 500 will be eligible for covered california, 19 thousand 500 will be ineligible for coverage, those will be the undocumented residents or people who have other reasons not being subject to the mandate. eligibility does not equal an enrollment and people will have to actively enroll into health