let's bring in gemma godfrey who joins us from london. it's monday. gemma's here.e to see you. >> nice to see you, too. thank you. >> so we add china now back. >> yeah. >> to the wall of worry, right? what does it all mean for the market? >> well, it shows that global concerns are resurfacing, and any retrenchment is healthy. in terms of what's happening with china and trying to call their property bubble, it's positive politically, neutral economically and healthy with respect to markets. so it's positive politically because it highlights how the government is going to remain focused on trying to avoid -- prevent a property bubble. it's neutral economically because it's actually the ninth time they've implemented a control mechanism in ten years. and during this period there has actually been, you know, property prices have rallied. there's a lot of skepticism. it's more likely to avoid a crash as opposed to put the brakes on anything too harshly. and finally, we're seeing profit taking, and that is healthy at these levels. so it means from our perspective on what

joining me now is gemma godfrey. has about $7 billion in assets under management. nice to see you again. >> thank you very much. >> we are growing too complacent about europe? >> well, this report says that hedge funds have turned bullish on europe. but if you dig deeper, it doesn't say this is a sign that there is confidence that the crisis is over. three reasons for that -- first of all, you have to look at where we came from. last year, investors were heavily underweight europe. secondly -- >> go ahead. please, finish your point. >> i was just going to say, you have to look at where the fund flows are going in. we're talking about hedge funds. hedge funds can trade and differentiate between the winners and losers in sideways markets and also profit from pullbacks and then finally, i heard a point about data being slightly out of date. this report includes data up to the middle of january. we've had political deadlock in europe. >> steve? >> gemma, what's interesting is all the reports i have been reading show that in terms of hedge funds that money is most attra

finally, i would like to adjourn our board's meeting in the memory of cornelia godfrey who passed away in a fire that broke out in treasure island. i know many of you read about this heart breaking tragedy. she was known had her school, john muir elementary in district 5 as a sweet and cheerful honor roll student who wanted to be a basketball player and constantly made her other classmates in the fourth grade classroom laugh with her humor and smile. she died in a fire that started about 12:30 a.m. in the treasure island bay homes apartment that she shared with her parents and her three other siblings at 1223 marina drive. san francisco firefighters responded immediately to the distressed call, but by the time they approached the house it was already engulfed in flames. in fact, two of our firefighters and one neighbor who i will be honoring later in the chamber today, went in as good samaritans to try and save this little girl. but were unable to when the second floor collapsed. 13 adults and 13 children were displaced by this fire, but we are very fortunate that the property is manag

the distribution of the physical to support the digital, i basically godfrey advertising across the nation i can buy that. no single person can afford to distribute 10, 1,520,000 books. it's hundreds and hundreds of libraries around the world and digital only does not do that. you cut off the physical marketing so that helps support digital. when they ran out of physical books my e-book sales spiked so there is that level of demand regardless of format. the actual marketing of the thing by campaign manager from the book, we built this internet army digital plan. at harvard the more traditional plan and got me on "msnbc" and it was very hard. that is the network game. there is a finite amount of people who talk to a finite amount of people who make that sort of thing happen in the flood of authors can't so i found i was wrong that publishers are useless. and i was glad for it. i wanted to make sure we were both doing something. [laughter] i learned about the upside in limits about what authors who create their own digital presence but there is a flood of readers and also a flood of writings

his name was godfrey and he approached me in the street and started talking to me about thomas jefferson and jeffersonian democracy. i was stunned. because there were teachers i knew and americans generally who couldn't find tanzania on a map. they know more about you than you know about them. that is sad. exceptionalism has cost us a knowledge of much of the world. one can liken to your years in high school when you knew the kid who finished ahead of you but you can't remember anybody who was in the class behind you. we happen to think because people are poor or less important, it is a sad state to be in. >> guest: gus, facebook page. with all due respect i think your words further and try to many blacks to find excuse instead of getting to work and doing better. we all have our in justices to overcome. you are speaking of 200 years ago. hart senate office building let's objectify this. use human rights language. the criteria were not just raise but raise, color, religion, gender and say we're going to select people by gender or religion. or nationality. we are going to take all the peo

cronkite when he was in the chair arthur godfrey, all of these people press never went after them. perceptive observation. look in the old days there was walter and luella parsons and even rona barrett. they had tremendous power. they could they stuck to hollywood. what's happened since those days is we have an internet. we have cable news. both of these things for whatever do polarize the culture. whether you have people on the internet. what's happened since those days, especially with the internet. is that now, being ironic, which is a nice way of saying being sarcastic or being nasty. being ironic has value. being ironic is important. so, if somebody does a piece. and by the way you are a target. somebody does a peetsd but name and following. somebody else has to be is that snarkier than the first person. >> bill: leno, nbc has always had a disrespectful relationship with leno i think. he makes them a lot of money. is he still really the highest ratings getter but they are treating him shabbily, i think. if it were me i would be angry. flus in terms of the myia, i think one of

also the birthday of paul krugman and internationally beloved humanitarian gilbert godfrey. on this date in 1983, the final episode of m.a.s.h. was broadcast on cbs. how fitting that pope benedict's retirement falls on the 30th anniversary of father mulcahy's. this is "viewpoint." >> john: good evening, i'm john fuglesang. if political gridlock was an olympic sport the congress would be preparing to field a gold medal. maybe we can all do better. but with $85 billion in spending about to be pulled out of our economy by a sequestration act that only the tea party seems to want both major parties resorted to finger pointing instead of action today. >> i really believe that the american people deserve better than what the republicans in this building believe is the right thing. our job in congress should be to provide a foundation for our economy and the next steps. the very least, we should put stumbling blocks in the way. that's what we've done. >> the house did its job. i'm happy to talk to the president. i'm happy to talk to senator reid but the way things happen around her

joining us now from london is gemma godfrey, which oversees over $7 billion in assets. the show. >> thank you. >> so yoeurope's up, so do we think there will be a deal? >> cyprus has revealed sort of cracks in the floor. we are seeing a lot of market exuberance, but it is a bit of a game changer. the reason behind that is that the words that we heard coming out of drachi has provided support. and cyprus has highlighted there are some key issues that still have yet to be addressed. so first of all, what are investors looking for? they're looking for guarantees for their deposits. this is raising questions if they can suffer losses. secondly, they're looking for liquidity. they're looking to try to wean banks off of e.u. funding and encourage them to lend to each other. that's heavily undermined. finally, the whole talk about a banking unit is to break the link between the health of a banking system and the health of a sovereign which obviously causes spikes in sovereign bond deals and instead we are seeing the bond strengthening. so there is certain cause for concern con

with me now is assemblyman richard godfrey who voted in favor of the additional delay.elcome to the show? why did you vote in favor of the delay? >> well, first of all i voted in favor of the delay. it pass the assembly overwhelmingly. it has a way to go and has to pass the state senate and be signed by the governor. i voted for it because i think there are enormous risks with fracking, risks to our water supply. to the agricultural economy of upstate new york. the tourism economy. turning large sections of upstate new york into a essentially industrial sites with trucks going in and out with, in with chemicals and out with wastewater, i think is an enormous hazard to new york's economy rand to our health. melissa: okay. let's drill down on those a little bit. >> the main point of the bill --. melissa: one by one. you're talking about, how injurious it might be to people's health. the epa has gone over and over it they repeated i confirmed fracking has no proven incidents of groundwater contamination, do you not trust the epa? >> well i'm not sure that they have said th

. >> even for the experienced ert team members like deputy david godfrey, walking into a riot like thisn the early '90s could be a frightening experience. >> even in the smallest scenario we're outnumbered probably four to one. we come out in the yard in a disturbance like this, there can be 200, 300 inmates in the yard. and you're trying to put down a riot with 10 to 12 deputies. that's probably the scariest aspect of it, just the sheer numbers. >> okay. good job, guys. excellent. had a lockdown in about a minute and 30 seconds. that's a record. >> after each training exercise deputies are critiqued and evaluated on their performance during the drill. >> do it like we train you, bring it up and snap, bring it up and snap it. when you get out there and things get real tight and people are throwing things at you, you know, that's the last thing you think about. you think about snapping it, don't. because if it breaks on you, all you've got is a big club. and that's not going to do you guys or your team or anybody else any good. >>> next, "lockup" takes you inside 900 max, nccf's 24-hour

his name was godfrey, and he approached me in the street and started talking about thomas jefferson andan democracy. and i was stunned because there were teachers i knew and americans generally who couldn't find tanzania on a map. they know more about you than you know about them. that's sad. exceptionalism has cost us a knowledge of much of the world. it's almost one can liken to years in high school when you knew the kids who finished ahead of you, but you can't remember anybody who was in the class behind you. we happen to think that people because they're poor are less important. that's a sad state to be in. >> host: gus,ing facebook page. with all due respect, i think your words further entitle many blacks to find excuse instead of getting to work and doing better. we all have our injustices to overcome. sir, you're speaking of 200 years ago. >> guest: let's objectify this for a second. let me use u.n. human rights language. let's say the criteria were not just race, but race, color, religion, gender, nationality, political opinion. you take any one of those and say we're going to

cornelia godfrey, and on behalf of supervisor avalos, for the late lawrence collins. >> madam clerk, is there any more business in front of the body? >> that concludes our business for today, mr. president. >> superintendent assessor, godspeed. with that, ladies and gentlemen, we are adjourned. [adjourned] g to get ready for sfgtv to catch up with this meeting.