i knew henry hyde. i worked with henry hyde. the hyde amendment is the law of the land. there is no public money for abortion. there is no public money for abortion. this is a radical bill that restricts women paying for private insurance with their own dollars. millions of women would lose comprehensive health care. i just don't understand it. as an appropriator we still have not brought the homeland security bill to the floor. as a resident of new york, i'm concerned by possible attacks. let's do our work. let's move on. let us -- ms. slaughter: i'd like to yield the gentlelady an extra minute. the speaker pro tempore: the genely rogzefor an additional minute. mrs. lowey: my colleagues, i'd like to ask my friends on the other side of the aisle. this bill just came to the floor without serious discussion when there is no public money for abortion today as a result of the hyde amendment. i look forward to bringing a homeland security bill to the floor, as i began to say, as a new yorker, i'm concerned about potential threats to our country. let's get to work. let's creat

the hyde amendment, named for its chief sponsor former house judiciary committee chairman henry hyde, has prohibited the federal funding of abortion since 1976. when it passed a house and senate that were composed overwhelmingly of democrat members. it has been renewed each appropriations cycle with few changes for over 37 years. supported by congresses controlled by both parties and presidents from both parties, it is probably the most bipartisan pro-life proposal sustained over a longer period of time than any other. it's time the hyde amendment was codified in the united states code. h.r. 7, the no taxpayer funding for abortion act sponsored by representative chris smith of new jersey, would do just that. it would codify the two core principles of the hyde amendment throughout the operations of the federal government. namely, a ban on federal funding for abortions and a ban on the use of federal funds for health benefits coverage that includes coverage of abortion. as hundreds of thousands of people from across the country come to washington to express their love of unborn children

i knew henry hyde. i worked with henry hyde. the hyde amendment is the law of the land.rtion. there is no public money for abortion. this is a radical bill that restricts women paying for private insurance with their own dollars. million of women would lose comprehensive health care. i just don't understand it. as an appropriator we still have not brought the homeland security bill to the floor. as a resident of new york i'm concerned by possible attacks.ko let's do ourÑi work. let's move on. >> i would like to yield the gentlelady an extra minute. >> recognized an additional minute. >> my colleagues i would like to ask my friends on the other side of the aisle this bill just came to the floor without serious discussion when there is no public money for abortion today as a result of the hyde amendment. i look forward to bringing a homeland security bill to the floor. as i began to say as a new yorker, i'm concerned about potentially threats to our country. let's get to work. let's create jobs. let's do the work that our citizens, our constituents brought us here to do. i

the hyde amendment. here's is a look from the march earlier today. >> with the annual march for life taking place in washington, the house set to take up an abortion bill. but not the one they originally planned to debate. joining us from capitol hill. why the switch out, what happened? >> the house committee met last night to decide on a new measure on abortion. once it became apparent that there weren't enough votes to pass the original measure that they plan to pass, they put a 20 week t bill on the house today. >> didn't this past the house last year? >> that is correct. it was not considered in the senate. it was considered more likely to pass once it became apparent that there was not enough republican support. there was a gop holdout led by mostly women, who started to express concern about the 20 week than bill that would require the exceptions for rape and incense -- incest to be reported to authorities. they realized there was enough support at their meetings. they are anxious to get about on s

and there has actually been complaints about the noise at 22 hyde already. and i don't know if he is aware of that yet, and that is documented and that is unclear that if the space at 222 hyde is appropriate for a poe. and whether it is clear is that there have been, and continued to be some serious missteps by the applicant as shown by not having a real battle with his neighbors until a full year after he has begun this project and this may be that he has a little experience in running a bar in san francisco and this kind of a project. so, you know, with that i will take any questions that you may have and i thank you for your time and i know that this is a long one and thank you for bearing with me. >> thank you for being here captain. >> i also have the e-mails that i would like to submit if i may. >> yes, please. >> i will take commissioner moshoyannis? and then any others after that. >> so, one of the conditions listed here is and we discussed this two meetings ago, the whole notion of stopping sound at midnight. and there did not seem to be any kind of

commissioner frost commissioner lee commissioner joseph commissioner perez commissioner hyde so we got calls from both commissioner moshoyannis and president tan they'll be absences this evening we have quorum, however. >> good thing our first item it public comment of interest to the public that are within the jurisdiction of the commission except agenda items. yurd wurpd the public comment maybe up to two minutes items not on the agenda do we have public comment seeing none public comment is closed it's time to review and approve the minutes for january 2016 i notice that the commissioners it said president tan and liam frost and down below audrey joseph was also here and - >> so your last meeting of the year was here and yeah. . >> so i move to approve the minutes with a couple of connection those include commissioner joseph and commissioner perez. >> i second the motion. >> sorry commissioner frost on the motion commissioner lee commissioner joseph commissioner perez commissioner hyde all right. now we'll have the report from our executive order jocelyn cane take it away. >> good e

>> commissioner hyde? >> yeah. i was just wondering, i know that during the big holidays you are trying to get the parties to come in earlier. and start registering earlier, and i just wondering how that was working going into now that we are in the full holiday season. >> and have the people been applying earlier? >> well, you know, i don't know what i don't know, so i guess that i can't say. >> okay. >> but, i am trying to clear that out and the longer you wait the harder it is and the meaner i got. >> because it over whems the staff that everyone came in the day before. >> right and it does not imply very good party planning, and permit planning. is the day before. >> right. >> either. just saying. >> applications are up? or down? >> no, they are pretty much in the same place. and again, like we don't have to process places that have fixed coe or that type of thing and typically we see the folks who want to go an extra hour or two on new year's eve and we get those and we get these random, events in places that

. >> hyde. >> here. >> per es. >> here. >> president tan. >> here. >> and commissioner joseph is still recuperated and so she is excused. >> so, we are going to go ahead and start with the first item on the agenda which is the public comment, on any items, related to the business of the entertainment commission, but is not currently agendaized. is there any public comment at this time? >> we will move on item two approving the minutes from the fourth. >> i move to approve. >> there say motion and a second? >> second. >> wait, one. >> the motion and a second. >> perez. >> abstain. >> lee, aye. >> frost. >> aye. >> tan. >> abstain. >> moshoyannis. >> aye. >> we are going to move to item three which is the report from the sound inspector. >> it has been a couple of weeks since we have been here and so i was out of town and so i really did not have anything, and i spend a lot of time on, and so i will go on to the inspector and you guys have a preference to speak first? >> okay. >> and good evening, commissioners. a few short notes. and i see a couple of sections, one is the weekend and it

. >> good luck. >> commissioner hyde that was a pleasure thank you all right. so we have come to number 6 commissioners questions or comments. >> i think first of all, we have the remaining two items that are continued we need to vote on that. >> could a we get a motion to continue those two items? >> continue. >> i'd like to move items e and f on the agenda. >> so we're - point of information are we continuing them for what reason. >> i'll gave you a little bit of background with the graze theatre they've run into a planning issue. >> are they requesting the continuance. >> they're requesting it if we have to continue we'll hear them at the next meeting. >> in the meantime they're trying to get a letter of determination. >> here's my question if we vote to continue do we have to hear them if at the next meeting will the permit automatically get approved great what about for the one. >> they've requested to continue to the next meeting. >> okay. so can i make the motion i'd like to move to continue items 5 e and f per the request of the applicants until just -

commissioner perez commissioner hyde. >> both those are approved all right. so moving right along joerd is here for two items c and d the first one is the empire room it is 555 golden gate stars tradeer vikings was there right around the corner and of course i know the gentleman from pier 70 with this location close to city hall with the happy hours and the club into the evenings he'll thank you. >> good evening, commissioners happy new the first golden gate and the second washburn i think we're doing the 555 the first was the jeremy tower well known chiefs and this was his basis for many, many years after it was his space it turned into trader vikings that closed in 2008, and in 2012 a restaurant tour from bugle came up and unfortunately didn't do that well and shut the doors after 9 months of operating the building was sold to j s sullivan a developer in san francisco they've most recently developed a project on harrison and fourth and plan on developing this space to the developer approached us said hey, guys would you be interested in a lease we said walk

and so, before, and as commissioner hyde mentioned when the task force is working on this plan, there is no such thing as an llp it exists in name. and it did kind of exist in concept, at some point as accessory entertainment, right? and so there were discussions by the point that i got involved we were actually talking about individual land use and where they are permitted and how they are going to be treated. and we did consider them at that time, but just as accessory entertainment and we also came down was that they for the most part was treated like entertainment which is they are permitted south of harrison street with the exception of being fulsom street and because that street has a lot of established restaurants, and arts and types of uses where an llp, you know, would seem to fit in better. and it was permitted there, but the other districts north of harrison street ended up not being permitted for llp and that was the way that it was presented and that was the way that it was adopted and the way that is exist and it exists today. and you know, since that, since the adoption

>> aye. >> anybodisinger moshoyannis. >> aye. >> commissioner hyde? >> i am going to say no. >> and president tan. >> aye. >> that motion passes. >> that is great. >> and so, that will be heard again in two weeks. hopefully you heard all of the comments and you can address them. >> as always. >> we do have one more applicant here today. >> yes we do, this will be the lindsey schott doing business as proxy and they give you a hand out that you can look through and this is that outdoor space that is been there in the haze valley for about four years, and they have the ice cream place and the coffee place and they have kind of pop up shops and that sort of things and they are seeking a limited live per permit and it is unusual it is the first one where there are no walls or ceiling and we have done the hub, and there are three months, sort of increments and the sort of a schedule and they would like to do this ongoing. >> and hi. i am douglas and i am the principal of the architecture and design and our firm is the creator of proxy and we are the operato

that mccallister owns. >> okay, thank you. >> commissioner, hyde, do you have something? >> all right. no? >> well, go ahead, commissioner? >> provided that we give you this permit and could you explain to me, how we are going to fix the outside, with the people, and do you have the security to help you out. >> and we have, and it is fixed and i mean to... and it has gotten better and they are just so nicer and it is harder to convince the people that i have the right to stand on the street, you know, and then if, and then have you to have the door guys come on and say that you actually have the right because the police told us, you know, i don't know how legal that is, you know, the aclu is going to come out or who. >> and with the permit now, and the good neighborhood policy, you are responsible 100 feet from your door, you know?clear. >> all the way down to (inaudible). >> you know, whatever, and you know, and a certain amount of responsibility, and i have no problem doing it. >> it is when you run into the people and say, hey, i am a lawyer, for so and so, and we are

we're about to present to you it is it sparkles i think that is at inaudible certificate commissioner hyde our neighborhood representative and rock star commissioner we want to recognize and honor our more than 3 years of exceptional public advocacy serving as a neighborhood representative as the san francisco entertainment commission including over a year as the vice chair we extend our appreciation in honor of your ex particular work you attended countless meeting and had involvement with the community members and played an structural role for crafting neighborhood outreach seldom have we've seen a commissioner with style and posse make public service look good we wish you the best of luck running in heels or for the diverse night life signed by the board of supervisors (clapping.) thank you so much. >> i'm. >> - speech speech. >> thank you so much you're leaving us. >> photo photo hi you've got to turn around. >> oh, oh okay. >> you guys want to come down. >> you first oh, you guys first. >> then i'll - >> this is the installernaurlg time. >> it's got to be long. >> excellent. >> boy gi

joining us for more is charles allen and caroline hyde.are feeling good about sainsbury's this morning. >> even though is the fourth quarter we have seen like for like sales decline, it was better than was feared. it only fell 1.7%, better than expected. it seems to be the taste the difference range that really outperformed. a 5% increase versus last year. people clearly trading up. the numbers are hilarious compared to what they have been sailing. 30% uptake difference between tesco. 69 million men spies. that means 60% of the population could have had one mince pie each. fourth quarter is challenging. food deflation not going anywhere. the price pressure is growing. we have to see how competitors react. sainsbury's has promised 150 million pounds in price cuts. last year was double that in one corner. sainsbury's is promising that for the whole year. many feel they are not doing enough. sainsbury's it well over christmas. >> talk to me about marketing position. we talk about this squeezed middle. you are stuck in the middle. yet discount

we know the hyde amendment has probably saved at least a million lives. children who are on soccer fields today, who are in school, perhaps even getting married because the hyde amendment has been in effect since the 1970's. over a million children are alive because of that restriction of abortion for medicaid funding. h.r. 7 seeks to accomplish three goals. it makes the hyde amendment and other current abortion funding prohibitions permanent so they don't have to be included in the annual appropriations bills. it ensures that the affordable care act faithful conforms with the hyde amendment as promised by the president and it provides full disclosure transparency, and prominent display of the extent to which any health insurance plan on the exchange funds abortion. now that is all being done stealthily, hidden from the consumer. they have no idea when they are buying a plan that it is paying for abortion on demand. let me remind my colleagues in the run-up to passage of the affordable care act americans were assured by president obama himself right there

it makes permanent the hyde amendment. we haven't done that before. ability of a woman to use her own money for her own insurance for reproductive services. this affects millions of people in our country and this affects the district of columbia. this is a much broader bill. this will look bad to the young people that we're hoping to attract if you have a bill like this that was worded the way the bill was. for cosmetic reasons, they thought that wasn't a good idea. now they are going to a much worse bill. i don't know what the progress is and how moderate the influence was there. but i'll not inside their caucus. you're just going to have to talk to them about all of that. this was not a success for women and their reproductive health. yes, ma'am, one last question. >> on the abortion issue, i understand your position on the legislation, when it comes to the matter of whether or not an unborn child is a human being at 20 weeks gestation. what is your personal opinion? what do you believe it is? >> it is really interesting that you would come to these

let's go to caroline hyde, what are you watching?oking on the brighter things when it comes to the market and shareholders in the same thing after they released their earnings are you looking at the leaderboard, this tech company up by almost 4.6% because earnings the analyst estimates. and the bank that analyzes it says the 2015 guidance and cash returns are ahead of expectations. meanwhile phillips getting a nice little push of almost 4%. as for phillips, getting a little boost from private equity companies. this is being reported in the german press. they are not saying where they got their information run but maybe we could see an alternative to enter a initial share sell. shares are up 3.9%. not on the bright side of things is william hill. investors not liking the report up by 4.5%. sales were up higher and net revenue growing the first win margin up a percent but generally this is not being accepted well. william hill currently off by 4.5%. >> these are the bloomberg top stories. denmark's economy minister says they will not f

caroline hyde with that. is there a rights issue on the way? what will dave do? what parts of the business will he sell? lots of speculation. this is brent crude, down. what you're seeing is volume of crude traded is almost double the 100 day moving average. the volume of crude getting transacted is on the move. these five-year bubbles, they have just come back to flat. what does that tell you when the world has decided to give germany their money and be charged for the privilege of it? we have seen negative rates on five-year german government bond bubbles. that is telling you something very big about risk. dollar, the message is simple. long dollar was overrated equities. the dollar index is at its highest level since 2005. bloomberg posts the percentage of a high. lots of fed voices this weekend. alan greenspan not calling the recovery great. saying the patient and forget about the rate hike. it's all about the pace. >> what a busy first week back. some breaking data coming out of spain. spanish unemployment. jobless claims down by 67.4 thousand. we were looki

caroline hyde? >> the pain, $2 billion wiped out of its market capitalization in two days.e frantically trying to work out how this hit private banks in public banks in switzerland because of the sudden appreciation in the swiss franc. julius baer profits they say will slump, credit suisse will see its profits hit high 15%. so says barclays. julius baer really the worst performance because of the sudden appreciation, sudden end of the cap down 9%, as do most swiss stocks today. let's look at retail carrefour up, france's largest retailer is dominated in brazil, an international player, sales up 3%. this company is doing something right. minneapolis praising the management and the new format. the only issue is china. chinese sales have fallen. the company says clearly this is one to watch. meanwhile ,spectris, basically they test gear, whether energy or automotive. they will test your gear that you make in most industries. shares up 7%, the best performance. why? fourth-quarter sales are looking bright, up 5% year on year. they say the macro economy is not looking too great,

the wee hours and a lot of that unfortunately was we gave him ample time to speak to commissioner hyde's point to come to the table self-happen jose linen and i were communicating late into the evening from our homes at least it was mine at this point so the city's commitment was significant both the police departments and the commission so in that regard we appreciate it just to get the one issue out the question was asked the expectation and the plan of police department we don't want to be quiet about it we want to be consistent with our produce our plan to come before you in the future with revocations we're not interested in another thirty or 15 day suspension we have documentation we have bent over backward to help to get one thing we see another and latter when officer from his comments with regards to the central station with regards to new years eve he'll touch on the further step and commissioner frost in the back of our book are the police code 1060 if you've got a 20.2 we'll talk to the directors powers and 1050.30 talks about the suspension by the director and 1060.20.4 talk

. >> great commissioner hyde >> do you have a backdoor >> that hasn't been a problem in the past. we have somebody who rented our space and apparently one of their guests had opened the back door. now we have signage on there not to be opened. there the house manager for all of our events and before the event summary rents out for private event, we very sternly told him not to open that door >> i just want to ask about the history of the complaints. has been going on for your four years there were the more recent? >> i would say recently it's more aspirated >> love you change anything you're doing? >> based on the most recent complaint, now we've rented on mac's speakers to lessen the sound and we bought the speakers -- we don't use this because of milwaukee and we read speakers and use stands so it's right on the dance floor. we put on some sound absorbing equipment rack foam i guess you would say. then we checked the sound levels. >> soundproofing like the phone without you meant >> yes, guess the cheap stuff. >> are you checking [inaudible] with an iphone >> yes that's our unsc

>> on a motion commissioner frost aye commissioner lee aye commissioner jensen to the commissioner hyde to commissioner moshoyannis aye dick commissioner tan aye >> all right >> thanks for doing all the work. >> we welcome for buying you sometime. >> so, car next permit this is the hall which is part of the midmarket plan. kelly feuer is here from the hall. just you know this another one by proxy where it's a temporary activation of a place that's going to change you said be developed soon. i know they anticipate the hall will be there until 26. their whole bunch of fancy gourmet food vendors inside. you should all check it out but now they like to add some music, entertainment. seven station approves of this permit the good neighbor policy and with that altered you kelly >> good evening. so the intended use of this permit is to have free and open you sick at our space for our neighbors in community. right now, the hall is open until 8:00 pm and the intention is to hold limited lively music event from six-8 pm weekly ideally on that later acquired her nightly tuesday the live night live

caroline hyde joins us for more. plenty of changes announced.'s tackle what it looked like over christmas. >> because at last, good cheer festive good cheer for dave lewis. he needed some after a horrid 2014. some of the changes that dave lewis put in place before christmas getting 6000 customer-facing staff in the stores extra, really did boost sales. sales are down ever so slightly but not as bad as had been expected, just dropping 0.3% over the christmas period. like for like sales actually improved in europe. asia, still a challenge. the u.k. was much better than had been expected. tesco was able to hold onto its full-year target. pretty optimistic in that front. >> this was more than a trading statement. what did we learn? >> many expected dave lewis, nicknamed drastic dave in his previous role at unilever, he was drastic. perhaps not as drastic as he could have been, but he made major changes that are being announced today. he had three priorities. one of them was to boost competitiveness. behind me, signs are going up that they promise to

yes commissioner hyde aye commissioner [inaudible] president can aye >> will move those long >> i also want to welcome back commissioner joseph i do not get that to at the beginning but i know you been going to a lot of stuff so it's good to have you there. >>> item number three report from the doctor and the staff. should have good evening again. i can use this one. i am super happy to report to you about a piece of legislation that i put the press release on your paper there from supervisor read that was introduced today. it basically what they're calling the first and the nose patient to birds are like the new legislations. it's a piece of legislation we been working on for a few months now. if something certainly that's been on our thoughts here for a very long time. it's finally something that turn from fear to action. i'm really pleased about it. something that again i didn't give you all the actual legislation. if you wanted am happy to e-mail you a copy. i do have some here but essentially what it does, it requires like notification when folks move into residential properties.

>> no. >> commissioner hyde. >> yes. >> all right the motion passes. the permit is denied. do you, you will see why some commissioners believe that to be denied. >> just, i am sorry a point of order, i believe that we need four votes based on this. >> you are right. >> and in order to move that... >> you are right. >> so the motion fails. >> the motion fails. thank you for catching that. >> you don't have many. >> you don't want to. >> okay. >> and so, that leaves us at less talk about it more. the motion... >> okay. >> we have to entertain another motion. >> i like to make a new motion. >> what is your motion? >> so on the poe change the same thing as we always do with the good neighborhood policy and all of that, but, make it ten. ten, for 6 months, and i mean, they were going for limited live, and she is already here and we are just changing the hours and giving a shot at until ten. and for a 6 months. and then let the police department and the neighbors if they, and they have any other problems and they have passed the sound and then we can move to 12. >> i mean. >> all

let's get to caroline hyde. give us some of the numbers.igh bar, and they beat. >> the investors wanted records set. they smashed them. $18 billion in profit. that is up 30%. put that in perspective. what is $18 billion? that is the same size as the entire yemeni economy, the entire botswana economy. it exceeds those annual economies. it beats microsoft and google's profits all rolled into one. this is the size of the profit the company is rolling in. it makes more in one quarter than general motors makes in an entire year. why is it so much growth? the new products, it's about the iphone six. it's all about the biggest screens, up to five and a half inches. we saw china go wild. the asian community in particular loves bigger phones. chinese sales are up 17%. 25 unveiled in the next two years. more students buying computers at the moment. look at those stats. ipad is the area of weakness. we are likely to see iphones eating into the ipads. you need a slightly bigger screen. there is also caution about the strength of the dollar, which you k

he put out an executive order saying he would comport with the hyde amendment. those promises have turned out to be untrue, a lie, and now we have a situation where over 1,000 obama care plans on the exchange are paying for abortion on demand. this legislation, and i know the senate, will do its best to pass it. we will not quit until we take abortion out of obama care and make the hyde amendment proud. [cheering and applause] finally, cathy mcmorris rodgers, our conference chair, said a moment ago the legislation will be on the floor. we know that children at 20 weeks gestation suffer horrific pain. dismemberment abortions cause agony beyond our wildest belief. this legislation will at least protect those children from the 20th week on and our leadership is true, they are faithful, and they will bring that legislation to the floor, and we will pass it. thank you, and god bless you. [cheering and applause] >> thank you, congressman. now i'm honored to welcome the other cochairman of the pro-life caucus dan lapinski from illinois. please join me in welcoming cong

also here is caroline hyde. let's start with you. >> $5.2 billion is the price tag.hat is a 10% premium on nps when it closed on friday. this all got heated in terms of reporting in december. they are paying up for this company, but it is all about synergy when it comes to rare diseases. they want to build their expertise, shire does, so that is not only a strategic fit, but also it is growth enhancing. they say, we can afford it. it is interesting what they are going for and the risk they are taking. there are two untested drugs here. there is a hyperparathyroidism drug. the worst-case scenario with this particular disease is that you have seizures, and people can die. it is that medicine which nps has put forward to the fda. it is set to have the yea or nay on january 24. why go into this particular asset if you haven't got this deal signed off yet? according to shire, they want to help with the introduction of this drug and the price tag as well. they also have another drug, a treatment for short bowel syndrome. that, they predict, will bring $300 million by 2016.

caroline hyde is tracking all the action. >> the stock has been quite volatile.ters, we have like for like sales declining. we saw sales fall off 1.7%. there is a little bit of relief coming in. people have gone to online and it is all about trading up. one step that amazed me, 57 million men's ties sold. that is enough for 89% of the u.k. population. >> i have to say, i have more than one. >> it evens out. i don't even have one. >> i may have more than two. >> there is a caveat. they haven't done as badly as has been expected. last year, their share price was the worst since 1989. but they are warning that things aren't getting easier. price inflation is here to stay, they say. they have the fourth quarter likely to continue on a sales decrease. >> [inaudible] >> this is what everyone has to work out. they are pulling in one billion pounds over the next three years, which means 300 million pounds in the next quarter. half of that over the entire year. it has a lot of catch-up to do in terms of price. when people start analyzing the quality, they go to the price.

caroline hyde take you through the story later. i will give you a quick look. do we have time? i think we have time. up for the fourth day. that is where the dollar yen is. it is behaving beautifully, for once. it is a risk on and risk off. you put your money into the yen. >> i was have time for a little bit of dollar yen. let's keep it on the move. down at a low. we are seeing the story play out across the commodity sector and that feeds across into the bond market. the record low yields in japan and dropping to a 2013 low. it adds to concerns over night and slashes forecasts to 3% for global growth. here is how the chief economist puts it. the economy is growing on an outlook. let's take the investment take. we are joined by the chief investment officer. you were a little more optimistic. but did not sound very optimistic. >> i am optimistic. there is a world of difference between global growth and what companies are able to make for shareholders. >> i look at the commodities market and it is a flashing red life. i see the slide edit predates the oil. >> i have had a couple o

here with more, caroline hyde.e happy with the amazon numbers, which have been volatile of late. this is a company pushing aggressively as it has done historically, putting the money back into the business. >> and still, investors are buying into jeff results' vision. you've got to splash the cash to do that. my a euphoria in the market after these numbers. 12% rise after hours in terms of share price. $200 million profit. $18 billion from apple. but they are getting $29 billion of sales. they are managing to spend most of it. they are still believing that amazon is no longer an online retailer. it is also a media company, a software company, a consumer hardware company. it is not just ebay. it is netflix. it is time warner. it is microsoft. it is everyone. they want to see them spend as long as they still by the vision. what they like in the numbers is the fact that people are willing to go premium with amazon. 53% uptick in those buying amazon prime. not only do you get the video content, you get your deliveries

we have more with our european business correspondent, caroline hyde.s there always been a concern -- has there always been a concern? >> all the rating agencies have warned they were worried about tesco's overall debt levels. it seems that even though we are starting to see -- it wasn't enough to alleviate fears. the cfo got up in front of those meetings, trying to show the moves they were making were improving the balance sheet. not enough. moody's cut the rating of tesco to junk. it is now rated ba1, late last night. interestingly, the debt market may have preempted this. we saw a rise ever so slightly on tesco's bonds yesterday amid all the euphoria. its competitiveness in the market -- this is what really gave euphoria to the stock market. soaking in that price market means that the operating margins and profitability are under stressed. profits are going to be improved. and it will take time for the balance sheet improvement to work. all the things -- cutting the final dividends, they also plan to sell the analytics behind the club cards. but it w

and a $3 billion stock buyback that will help investors. >> caroline hyde with the latest on ebay. big day for the ecb of course. >> the man who handed up -- headed up the bundesbank, he resigned because of the ecb going ahead and launching a bond buying program from countries like reese. -- like greece. we will be hearing his views today. >> we will see if we get any insight into that fraction -- friction. the headline, we're expecting 1.1 trillion euros in monthly installments of 50 billion euros per month. that has vigorously been a prose -- been opposed by some. >> this share is very important, how much will national central banks take on to their own allen street? -- balance sheet? or how much will the eurozone as a whole share the balance of fear. who pays the bill? >> there are a lot of politicians weighing in on the subject, that it is not for the central bank to decide how much those risks are shared and others say something different. we will look to see whether they use those interest rates to incentivize banks to getting involved with quantitative easing. quincy will be

caroline hyde. right, let's bring it back to davos. it like to attend davos for the first time? jon ferro hates to be called a davos virgin. >> but it is so funny. we can't remember what it was like the first time. >> ancient history. >> jon ferro can. find out his first impressions. find out where he thought the best networking places were. it is day one for davos 2015. ♪ >> so, welcome back. the world economic forum kicking off today. the sun is coming out. but what is this place like? >> we followed our reporter, jonathan ferro, around during his first visit to the world economic forum. >> here i am at the world economic or an in davos. it is my first time and i'm in good company. it is the first time for president hollande and prime minister renzi. i'm going to take you behind the scenes. come to davos, they said. rub shoulders with world leaders, billionaires, and central bankers. all i've met so far our security guards and freezing cold temperatures. now, i'm in the world-famous conference center. supposedly, this is where the ma

around 3:30 this morning they drove a u-haul into the front doors of the patagonia store at hyde and streets allegedly grabbed racks of clothes and scooped them up and drove off. it's unclear how many suspects are involved and they are still at large right now. >>> cracked windshield forcing the hawaiian airline flight to turn back and make an enscugged landing at -- unscheduled land at the airport yesterday. the boeing 767 landed a little before noon after taking off previously at oakland. it was more than 12 hours later before they were able to reboard again and get on their way to hawaii. they're arriving in honolulu right now. more than 12 hours behind schedule. but better safe. >>> police are investigating the death of a fitness model who was hit by a train in southern california. greg plitt appeared on more than 200 magazine covers during his career. he also appeared in commercials as well as tv shows like the soap opera days of our lives lives and the bravo cable series "workout." he and two other men were shooting a workout video in a restricted area when he was struck by a m