it makes andk you leslie picker james gellert.imm: it is the gaming industry's biggest event of the year. e3's winners and losers, they are next. ♪ olivia: welcome back. i'm olivia sterns. pimm: i am pimm fox. let's go to julie hyman for the winners and losers. julie: i'm just going to focus on the losers. let's look at fedex. they are having their worst today since january. they're down the most in the s&p 500, down by 3%. we don't see a lot of movement going into the fed press conference this afternoon. this is coming after fedex reported disappointing earnings and sales, compared to what analysts predicted. they're talking about surcharges and currency issues, particularly at fedex express. the director said they would push back a mandatory retirement age for directors, that in theory, would allow the chairman and ceo to remain longer at the company. he turns 71 in august. fertilizer stocks, there down 2.75%. both of the stocks are being downgraded to down perform. they do not look positive for nitrogen. value act is raising it

presentation and discussion on the university of san francisco school of management and it's gel gel gel art gellert. >> welcome and thank you for coming the for coming tonight. >> we introduce this collaboration to you in october of last year and in december you had a report from the teams that worked in the fall on various aspects of the legacy business ordinance and at that time the ordinance had not been adopted and as you know it was adopted in march of this year. we had 3 teams this semester working on various aspects of the ordinance and specifically trying to enhance and put a face on the issues that hopefully will be addressed through the ordinance. we had three teams who worked on this this semester; one who looked at issues of displacement particularly along commercial corridors and we selected five for study. we had a team, well, it was a very large team that looked at developing 2-case studies one of the business that owns its own building and one does not and you will hear about those two businesses and finally a team that looked at incentives that might encourage legacy businesses and