i. comps. i. chew, i. co00, i. ferrule, i. kim, i. mar, i. tang. i. 11 i's. todays meeting is adjourned in the [inaudible] on behalf of marion sullivan. supervisor ovlose for mrs. mausha [inaudible] supervisor coen had for dorses j [inaudible] supervisor wiener for blake with a ross. [inaudible] edward [inaudible] >> madam clerk is there anymore business for the board >> that's concludes the business. >> at this time the meeting is adjourned. >> so what brought you out here for the bike ride today? >> i grew up in san francisco but i have been living in new york. i wanted to see what san francisco is doing with infrastructure. >> cities are where people are living these days. the bay area is doing a lot with construction and the way to change the world starts here. >> we are about to take a bike ride. we have 30 cyclist. i'm really excited to hit the road and see what the city has in store. >> i definitely recommend it to people. it's a fun afternoon and you learn so many things. >> this is so much fun. i go to parts of the city that i don't come to. this wil

i. comps. i. chew, i. co00, i. ferrule, i. kim, i. mar, i. tang. i. 11 i's. todays meeting is adjourned in the [inaudible] on behalf of marion sullivan. supervisor ovlose for mrs. mausha [inaudible] supervisor coen had for dorses j [inaudible] supervisor wiener for blake with a ross. [inaudible] edward [inaudible] >> madam clerk is there anymore business for the board >> that's concludes the business. >> at this time the meeting is adjourned. >> february meeting of the san francisco ethics commission will now come to order. >> i will call the roll. >> vice chair renne? here. >> commissioner hur? >> here. >> commissioner keane? here. >> commissioner andrews? >> here. >> everyone is present and accounted for, thank you. >> the first order of business will be the public comment on any matters appearing before our commission today, whether they are on the agenda or not. >> there is something that i have to do. >> commissioners ray hartz, director of san francisco open government. on this screen is a list of 16 orders of determination issued by the sunshine ordina

i. [inaudible] supervisor comps-comps y. chew? chew, i. [inaudible] ferrule, i. supervisor tang. tang i. there are 11 i was. motion approved. can you read item 6. item 6 is a ordinance to [inaudible] 94 thousand dollar grant [inaudible] accountability measure squz amending the annual salaries of one addition to bun trial attorney grant position [inaudible] >> item [inaudible] without objection this ordinance is passed >> grant fun for [inaudible] entitleed oak dael avenue for the period of july [inaudible] >> supervisor coen >> just a few technical amendments on this item. you should have a copy before you. the amendment specify the time period for this application and also clarifys if awarded the fund, the planling dp apartment kill expend them in a manner consistent with the resolution and the grant application. this will enable city and state funds [inaudible] oakdael avenue [inaudible] i do ask for your support on these maempts and please support this resolution >> en made a [inaudible] on the underlying [inaudible] without objection this ordinance is passed in the first as a

i >> [inaudible] supervisor comps, i >> [inaudible] coen rks i. supervisor kim. i. supervisor tank. tang, i. there are 9 y >> that motion is approved. [inaudible] why don't we go to roll call for introduction >> supervisor wiener you are first up to introduce [inaudible] >> thank you, [inaudible] today i am-i held a hearing and we did reports for the mpa about the performantance of their cystism in terms of maintenance needs on time serve squs disruptions in the subway. we receive a report about the hearing. given recent events we will go back to having a hearing for the next quarterly report we will schedule in the next month or so. the system has had very significant discorruptions including yesterday when a computer failure shut down the subway. it is unclear why [inaudible] could not move it to the manual operation and continue to actually get peep tool work at the height of rush hour. unfortunately these types of disruptions are all too common and very frustrating to rider and me not just as a rider but as a person that represents riders. [inaudible] for the xhine ease newiary

accomplishment squz thank for making san francisco a better place. >> thank you so much supervisor comps. i have to tell you this is a pleasure to live in your district and i truly have no intention of moving anywhere else in san francisco if i can help it. i love district 9. it is a wonderful place to be. i mentioned our relationship start #d off rocky. i was a ang raparents coming to school board meeting and talking about the [inaudible] you were the attorney [inaudible] some

accomplishment squz thank for making san francisco a better place. >> thank you so much supervisor comps. i have to tell you this is a pleasure to live in your district and i truly have no intention of moving anywhere else in san francisco if i can help it. i love district 9. it is a wonderful place to be. i mentioned our relationship start #d off rocky. i was a ang raparents coming to school board meeting and talking about the [inaudible] you were the attorney [inaudible] sometimes at 1 a.m. while my daughter slep in the back room in a uncomfortable chair. i kept coming and you all listened. then commissioner mar, one of the first elected officials that responded to my xum plaining e-mails. that set the tone that every day people can have a dialogue with their elected official and have meaningful conversation about things thatern happening in their communities and my communities was a school community and what needed to be changed. supervisor mar listened and conversed with me. so did commissioner san ches and xhishzer [inaudible] you also. as the attorney and helping me through the strugg

can i entertain a motion to [inaudible] without objection that is the case >> item 20-23 are considered for immediate adoption. single vote may adapting this item. [inaudible] comps i. resident chew. i. co00, i. [inaudible] supervisor kim. kim i. supervisor mar, i. [inaudible] there are i. item twen is the water front [inaudible] right to vote city department kw measure the impact on the city future [inaudible] >> our colleague mentioned this is a krait forward resolution that is one thing thats i think should be non cont vurls, but i think [inaudible] become cont vurlsh even though they shouldn't. it requires information and analysis for the city department about what the impacts will be of this measure which is qualified for the ballot [inaudible] not to take a position and not recommend a change to the ballot measure but to provide information and analysis so the public knows what the impacts are and that public can make an informed decision one way or the other whether to support or not support the ballot measure. the resolution indicates a viryty of subject matter by different departments on housing production, affordable housing, occupyen space infrastructu

i miss something to get a comp like i must say. isreal now with the visiting president of the european parliament has landed in hot water. drawing the rebuke from prime minister binyamin netanyahu over an address to the israeli legislature on mrt insult a german who spoke to nick nick and said in his native language starts to walk out by several far right lawmakers when he claimed israel is denying palestinians a fair share of water in the occupied west bank. he also denounced israel's blockade of the gaza strip and criticized the government for not allowing palestinians freedom of movement. though this was a rare walk out on a european dignitaries us bring in our correspondent on ukraine where she studied by an ally in jerusalem for more time you what's behind this walkout by cast members we're only there were edited to fit your own party that yes it's friday which pumped in that part of that word in the current evidence needed to pick on the fifth defendant to tie the head of the eu parliament where he will be talking about the h

i think the comp works out really well. last year we had a really cold spring that lasted all the way into may. so when you put those two things together, i think retailers are actually in pretty good shape for the balance of q 1 once we get through the balance of february and even into q 2. >> but steve, the economy has been recovering but it's kind of a fragile recovery in a lot of ways. for some businesses, this can be a really lethal blow in some ways. nobody saw -- i'm not shopping and i'm a shopaholic. >> the retail business has been going through a lot of changes nothing to do with weather. they have to do with the balance of the internet. you're just barely hanging on. you get a winter like this, all of a sudden you can't make it. just before we came on there was a report from the cheesecake factory missing its earnings, blaming the weather. so that's the kind of thing that's out there. i don't think among the things paul was talking about snap back in cheesecake purchases come this spring. i think that's an area tha

i know that is common for many chinese immigrants as well. [inaudible] alsotory comp nation that play this up in low indm communethies that is more prevalent. [inaudible] 6 to 8 million americans including 1 poi 2 california meet the requirements for problem gambling. problem gambling is defined as the type of gambling behavior that causes problems in any area of life. [inaudible] speerlual or emotional. one of my friends [inaudible] he would be in vegas and reno and getting on the floor look frg coins as he tried to find more money to through into the slot machines he was playing. problem gambleing has been [inaudible] by the american psychiatric sogez with similarities of alcohol and drug [inaudible] includes gambling to escape borden, pain or loneliness, lying to loved ones to conceal the extent of the gambleing [inaudible] achieve excitement. barrowing money to gamble and trying repeatedly over time to win that money lost. populations at high risk are seniors youth, college student, veterans, people of color like african american, latinos native american [inaudibl

coming into my house that i can have a a well provide the internet to me at one hundred minutes or i can have comp you know compuserve provided to me at seventy minutes or whatever and you can you can you know for thirty five dollars a month in france you get high speed internet you get one hundred channels of t.v. and you get telephone service because it is like you had it there regulating it in the with a bias toward competition that's correct and access as and that's what we're not have that what we're doing is we're and then with a monopoly comcast is trying to buy just about every cable system in this country this is not the most pernicious regulation in the world in that it's centrally such as a level playing field right it is not josie you know i'm talking about you know what i'm going to corral and yeah this is not the most we do this in a lot of industries right we don't get in and start tinkering but we do create a level playing field i'm just not convinced the need is there to do that yet ok. i don't know state republican state representative paul shepherd as introduced a new bill that

different from the others, and i wondered whether they paid attention to him at all or saw him as an opponent. you mentioned she was a frank file and i'm not really up to date on my comp, but i have the feeling that he's something like the opposite of what tokeville with some reservation admired in the america in the 1830s. >> exactly right. what he wants is socialism imposed by a central power. he wanted central -- extreme central, and that's what liberalism represented no use whatsoever, considered him beneat the considerations, and i don't rem anyone read it today unless you are interested in this. it's very interesting. it's kind of socialism because that premarks, and a great deal of what survives socialism -- let me just pop over to hd wells. you wouldn't be well aware of this because little is written about it because a great admirer of utopian social experms, new harmony was something studied closely. the colony, upstate new york, studied closely, and wells' socialism, the rise in part from the socialists, and wells, you know, he came an american, and the father was a crook tier, never made a living, thought about moving to america, and very nearly did so. wel

i would love a comped room. >> they have teams of people to stay on twitter to make sure their name is not getting bashed. >> that has created a reflex. they do it without thinking. there is no ice. there is no ice? oh my god. >> by the way, just the matter of fact way that the russians announced they have cameras in the bathrooms like it didn't even dawn on them that people might say what? >> and how about, whoa, look at the bathrooms. >> they spent their billions of dollars on the camera. >> i can understand putting cameras in the athletes' bathrooms, but journalists? >> you can't masterbate to that. or can you? tomorrow we will do the whole hour on what you can masterbate to. no breaks. >> i will be here early to help with the decorations. >> thank you. by the way, it will be in prime time. that's a big change for us. i am shocked. anyway i am kidding of course. we are against such programming. in fact, i find it disgusting and repulsive and i believe master because -- masterbation is the devil's typewriter. somebody tweeted that to me. >> it is more like the devil's flute. >> jeez,

did you get your seetsz at stub hub, by the way, or were they comped? >> i tend to be on steve's side on this of though because we look at the market a lot more -- i'm not saying you're wrong. >> i'm playing devil's advocate because 10% earn gsz growth does not ensure 10% s&p growth. >> part of the role is to handicap what that means in terms of the market. >> sure. >> and we're constantly, judge, looking for where is the fast money going right now. so reider at blackrock is fast money even though they're managing a trillion dollars. part of their etfs in particular, whatever it is, is a big number, a lot of those are very much swinging the market when those etfs go into your point, josh, your point, steve. >> okay. >>> coming up, our call of the day has lululemon shares in the green but still down double digits on the green. the analyst who upgraded that name today and top tech investor who got in earlien on names like twitter, netflix, and kayak, what he thinks the next big tech i prk o will be. o will be. customizable charts, powerful screening tools, and

and i think that's what the comps are telling you. some shorts? yes. but i think the trajectory and the ultimate end for this thing is a lot lower than we're trading now. it's nott unlike what's going o at sears holding. it doesn't mean the stock is viable for the long term. i'm sure herb can speak to that as well. >> herb, what do you think? >> you know, i was actually paying attention to a stock here that's going to be moving in a few seconds so i was not -- >> sorry, herb. you're supposed to pay attention, man! come on, i hear what's going on! >> i'll jump in if you don't mind. i think jcpenney is suffering from a brand messaging problem which is translating into a customer loyalty problem. obviously, a lot of damage was done when ron johnson came in, tried to make them hip and trendy and the reality is there is a bifurcation in the retail market as in the broader consumer market with the very value plays and the luxury brands, and anybody who is playing anywhere in the middle is really finding it very challenging, and i don't think

improving our outdated system will encourage long-term success, comp rehence i immigration reform will attract young foreign workers who will help reduce the deficit by as much as $1.2 trillion over the next 20 years. that improves america. they will help the economy grow by nearly 5% over the next 20 years. they will jump start housing recovery, adding $60 billion every year to our american construction economy. american wages will increase and legal immigrants will add more than $100 million in tax revenue to benefit all americans. moreover, attracting the best and brightest talent abroad will cement america's competitiveness in the global economy for generations to come. we need to fix this broken immigration system, we need to stop sending these bright ph.d.s who come to love america, who get the degrees, and then we just send them home. when they want to stay here and create a company that will employ american citizens, create wealth for american citizens right here on our soil. 40% of fortune 500 companies were founded by immigrants or their children. tech giants like google, eba

. >> so i'm kind of like an old hair club for men guided that not only am i the founder of the comp me, i am also a client. so i rode along with my dad and pete domenici mental health parity equity act, which was meant to eliminate the insurance principally disparities in access and care for mental health and addiction. so there were higher treatment limitations when it comes to brain illness like addiction or depression than there are for diabetes, cardiovascular disease, as not, for example. so we have to implement the law. president obama. george w. bush signed into law. bipartisan. president obama's implementing this mental-health parity. we can't have mental health be something separate. although they are separate issues for people with severe and persistent mental health. you can't treat a person with cardiovascular disease or diabetes. you hear that often. all morning we heard about chronic illnesses. leaves out mental health. it can't be just the purview of psychiatrists and psychologists in the lake. it's got to be the purview of all of those treating health conditions. as tho

i still think some of the retailers that had really good key items probably performed fairly well. we saw that out of dick's sporting goods that just comped at 7 for the quarter ending january. i believe they're benefitting from having the cold weather product. >> there were signs of weakness creeping in in january, online sales also came in negative. we're going to have to wait until the weather improves to get a real read on consumer spending. for now it looks like it's in a deep freeze. for "nightly business report" i'm sara eisen. >> all this crippling cold and snowy weather is sending supplies of natural gas lower and the price sharply higher. futures on natural gas shot up 8% today to a more than 10-month high. >>> and a new survey says that that same wicked winter weather is taking a $50 billion toll on the economy this quarter with half of recent economic weakness attributed to those frigid temps and dangerous snow and ice. goldman sachs even lowered its estimate for first quarter economic growth to 1.6%, down from a previous forecast of 2.6%. >>> our guest tonight, bill smead, says every year has its gdp ups and downs, but he rem

i particularly want to note the comp controller, bob hale, this is his last budget unless we call him back into duty. but i am particularly appreciative of his willingness to stay through the budget which wasn't an easy task for bob hale. you know the kind of service he has given this country and department for many years. thank you for all you do and your team. we are grateful. today i am announcing the key recommendations i have announced for the 2015 fiscal year budget and beyond. these recommendations will adapt and shape the defense enterprise so we can continue to protect the nation in the era of change. as we end the combat in afghanistan, this is the first budget to reflect the transition dod is making after 13 years of war. the longest conflict in the nation's history. we are repositions to focus on the challenges and opportunities that will define the future. new technologies, centers of power in a world that is growing more unpredictable and in some instances more threatening. the choices will define the years to come. chairman dempsey and i worked in a pragmatic and clway

looks like there will be positive comps going forward. i don't think they're just making this up. and i don't think they're going to have any real issues with liquidity. i didn't think they would anyway, have liquidity issues. the real issue, would people believe gross margins and sales could get better? i still think 37% gross margens are in the cards. >> on that note, thank you, jan and courtney. we'll make a date again soon. >>> shares of apple, meantime, up about $8, but the company has been silent the last couple of months. that makes us suspicious. bringing in tim and president of strategies, a leading apple insid insider. radio silence. tim, what's going on? >> it's clear that apple is preparing something. tim cook, their ceo, has made comments about this. the bottom line is, though, apple never brings a product to market until it's completely ready. it's completely gone through the testing, and more importantly, it's got ecosystem and channels ready for it to go, because when they sell something, they expect to sell in the millions. so, you know, we know that apple is work

here's what i worry about, walter, is there some sort of act -- secular decline or too much competition in your segment to be able to return to the halcion days of 7% comps? >> let's hope not. but i think clearly there's more selection of product out there in the marketplace, but i think the big news in the quarter is, you know, we actually had record sales of $4.2 billion. our comps really stabilized at 5.5% which is a good number and on its way back up in the first three weeks. we talked a lot about our price investment as being a strategy to lean in and particularly continue to build market share and the growth is very positive going forward with 57 leases signed in the last six months, so there's a lot of optimism here in terms of continuing to move forward in the marketplace. >> let's go over that. i know you guided intraquarter doing it on an interview on "mad money" to 200 target stores and you go through repeatedly about the opportunities increasing and getting better. at the same time i got to drill down on this idea that there is just too much competition and i say that because we all know sprouts and we all know that fresh markets come in. we

gerri: but the actual rules and is the words they have to pay attention to and comp with hundreds of thousands of pages ion't know who will make sense of this. we have alread rolled it out how do you not have the rules written? >> cover rich tries to micromanage the extraordinarily complex market they cannot do it as well as the market so then case tree grows and people become frurated they see mismanagement and favoritism then due to pelosi says i don't know what is going wrong? gerri: i keep that on constant reply. talk about the california insurer that prices could go up 25% but the government can say no. we will not go along with that. but isn't this the impact of obamacare forcing prices higher? >> click get the of them reached by all. they have 11.5% medical trend they expect the utilization price to go up th much. gerri: i am lost. >> this is underlying prices of hospital care, prescription and drugs coming people utilizing more services because they are older in then it is the obamacare premium tax, a reinsuranc tax cut the then 16 percent average increase around a 25. gerri: you are not surprise

study history at eastern kentucky university, and i just wanted to see what your personal opinion ofbitcoi was. >> i'm all in favor of anything that compesith monopoly central banks. [cheers and applause] i hope it succeeds. john: have you bought some? >> i have not. [laughter] john: have yo? i have. >> i'm dan, i go to community college and obamacare's first state of massachusetts, and i wonder if you guys believe there's, like, a better alternative to social spending such as food stamps andsocial security? >> the milton freed mapp ad an idea, a negate income tax, basically, eveverybody has a guaranteed level of income, and it wouldn't have the same distortions the current welfare system hasif this discourages work or marriage, for instance, and this level would be set low enough that people don't grow dependent on it. [applause] >> i'm michael ashley, student at the university of delts. what dyou think is 5 good outline or effective measure of creating a small government that stays small? >> one idea proposed to keep governme saller is to link federal spending as a percentage of gdp with an ctual rule, and congressman are held responsi

i think from a comp perspective we're really well positioned. appen until late march or early april, there's going to be a rebound. i think it bodes well for the retail sector. additionally, there's a late easter. easter happens in april. all of that good pent up weather demand is going to happen at the right time. >> kelly -- >> that's what's so interesting because if you look at a cheesecake factory, shares down 3%, shouldn't investors be thinking through this the way paul is? >> it's an interesting question as to whether there's pent up demand for cheesecake. i don't know if that's exactly what paul is talking about, but for autos, maybe sweaters, some stuff. here is what's interesting from a federal reserve point of view. they want to know what the trend is in the economy. you will have one point in time where you have below trend and another point when you have above trend. i think you have to throw both results out effectively. the little bit of danger is if there is real weakness, it may not be evident for several months to come. >> now we

i was hoping to see shu don inline skates but worker's comp advisors said ill advised. >> we have toht now. >> then a run away bus that is on camera. dramatic surveillance video from inside of the bus >> we had the bachelor and castle followed by abc7 news at 11:00. and if you're watching olympics tonight but want to know what's happening, down load abc7 news app. details on abc7 news.com/apps. >> our coverage continues on twitter. >> from all of us here, thanks for joining us. we appreciate your time. see you again at 9:00 and 11:00. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl ] yeah. [ male announcer ] switch to u-verse and add a wireless receiver today. ♪ this is the "jeopardy!" college championship. here is our first group of semi-finalists -- a junior at the university of oklahoma, from tulsa, oklahoma... a junior from texas a&m university, from lubbock, texas... and

terms of the olympic i think we try to reach certain lessons,, i'm not going into the lessons at this moment but i'd leek to mention two particular olimp exs and then move on on the comp contemporary situation. ne is the 1972 munich olympics which i followed academically very closely. actually since the inception of he games in 1896, this was the major, i think 9/11, if you will, of the olympic games , ause after all, as we know the vision and spirit of the olimp exgames of competition and cooperation was really attered at the munich attack and politically it's always been difficult to have the memory of the 11 athletes who were brutally killed and then the other event that i think is relevant to our discussion in y is the moscow olympics 1980. this was a very special time -- kind of olympics because of the involvement of poll techs an the struggle for power, if you will, and all that, and it was the tile of the soviet invasion of afghanistan back in 1979 and en the boycott against the olympics in russia and many countries participated, obviously, including the u.s. germany, the philippines, canada, france, and so forth, so this particular event became very political.

and these comps, jim, 28%, europe up 73%, north america, 24%. >> i think what people are going to say problematic numbers, now, wait a second, people were shopping. if you executed really well, then you -- kors executed really well, chipotle with a muss nipl. remarkable number, remarkable. do you buy it up 15. kors and under armour were the two immune to the slowdown. >> north american comps actually accelerated from q-3 when they were up 21. and we knew that coach had weak north american comps down 14, so we know where some of this purchasing is going. >> when you look at kors' number you say, okay, they've just taken a huge share. >> zero sum, then. you could have shorted coach and gone long kors. >> yeah. that would have been a fantastic trade. look, when you look at under armour if people were telling me, if you had the right product, it sold. obviously kors had the right product. this is very different. this is not a rising tide lifting all boats. it's a couple of companies that really got it right and it's calling into question a lot of companies that didn't get it right. >> lik

supervisor comps >> thank you very much madam clerk. this is the first time i didn't watch any of the olympics in russia and just when you thought russia would get the gold medal for home phobia and intalliance, the state of arizona decides to give russia a run for its money. i am giving a resolution to talk about the bill 1062 which enables individuals and businesses in the state of arizona a right to refuse service to anyone targeting [inaudible] based on the guides of religious freedom. i want to note that because the arizona governor has until friday february 28 to act i request this item be put on the agenda so the board of supervisor can take a stand against this law [inaudible] as clearly as we can. [inaudible] provides essentially license to discriminate because it allows any individual corporation [inaudible] the right to refuse service to a individual if that owner believes doing so would violate their religion. it is important to note that similar laws have been struck down in new mexico and we respect the freedom of religion, it cannot be used for a

it is interesting to see how the health-care law may impact workers comp. i don't have the answer to that but anyone who does actually insure their employees before they make decisions such as dropping benefits or shifting their workforce or anything like that should probably take a look at other lines ofct benefits like workers comp insurance. all of these things are attached. >> you talked about small business uncertainty. mile and asked this -- this --d asked uncertainty come small over the place. is in the spotlight as we deal with the regulatory process but it comes from lack of demand, regulatory uncertainty. what we have seen in our research foundation surveys is that inaction or action isn't -- creeping up there. have been in the top 10 before but now this is in the top five. the uncertainty comes from everywhere but we are certainly in the spotlight and intervening to this. host: some of the research surveys, are they available online? and the tabonline is therefore the research and we have a comprehensive education website. and for small business ow

i was hoping to see shu don inline skates but worker's comp advisors said ill advised. >> we have toing by earth right now. >> then a run away bus that is on camera. dramatic surveillance video from inside of the bus >> we had the bachelor and castle followed by abc7 news at 11:00. and if you're watching olympics tonight but want to know what's happening, down load abc7 news app. details on abc7 news.com/apps. >> our coverage continues on twitter. >> from all of us here, thanks for joining us. we appreciate your time. see you again at 9:00 and 11:00. [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at choosenissan.com. ♪ shop at choosenissan.com. liz, did you hear? yeah, is your brother gonna be okay? oh, no, not that. a new movie about janis joplin is going into production. and sheinhardt-universal is making it. i know jack can get me an auditio

bit worse which the math rate now on the fourth quarter a plus two against a negative 32 last year comp, iimply that maybe the numbers i'm talking about need to come down and if that's the case i mean, it gets pretty tight in 3q when you need to make the inventory buys. >> it's a story worth following for sure. matt, thanks. >>> s&p, of course, downgraded it into junk territory. we'll talk to the analyst responsible for that report right after the break on cnbc. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your siness inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> welcome back to "squawk

i can say that the telecom ministry is very comp located and there have been issues where i've worked with the cable industry where i support them. it is not a black or white issue. i takee it issue by issue. >> sitting on hold for time warner with my cable going down stinks. i appreciate your fighting for me. have a great day. john is the senior attorney at public knowledge. coming up on market makers, a big deal in the clothing business. joseph a bank buying eddie bauer. look at that website. everything on sale. >> including the company. >>there you go. ♪ >> the new house of cards season begin streaming on netflix today. let's see what the real washington has to say about the fictional one. this is "market makers" on bloomberg television. watch all of our interviews, streaming live and on-demand on apple tv. ♪ >> welcome back. bank will be buying eddie bauer for more than $800 million. tries to fight off a hostile takeover attempt for men's wearhouse. johnson to tell us what it all means. via phone. now fr is this just a defensive move ?are >> some cynics might say that this is stri

on top of that we had very good comps in dunkin' donuts baskin-robbins. i we kind of fired just about on all cylinders. think i that that is what people like. they love our model. they love our franchisee friendly approach. they love the fact that franchisees invest money and we get great returns and great mare begins. what is not to love about dunkin' brands? liz: i tell what you i id like. not only did you beat on the revenue, eps, anybody can engineer that but revenue looked good. expectation for revenue was 178.4 million. you came in with 183.2 million. you see on the screen a beat with earnings per share. talk about what you go next. 309 new restaurants open last year. you're looking 400 this year worldwide but china, that's your next stop, is it not? i know you already had the deal signed last year but what are we seeing as far as actual stores popping up in china? >> just to correct you on one thing, sorry about this but our guidance for the new year globally is 685 to 800 restaurants but, we're opening up in several places. in china you reference. c

after that, i don't know what google could don't if they set their niepds to it. most restaurants struggled to show positive comps. many of the same store sales went over year over year. and i think we'll cheer for buffalo wild wings tonight and then chipotle reported 9.3% comparable sales growth. i thought it was a typo. 1.9%, something inverted? accelerating same store sales growth. particularly october, november, december, going up like that. not only that, chipotle got there largely thanks to more people coming to the stores. this is at a time when its own real marketing is the farm and dangerous youtube programming featuring buck marshall. chipotle is riding the health conscious consumer wave that i write about in get rich and i'm convinced it can charge much want while only losing a handful of customers. needless to say, chipotle obliterated the shorts. but not as much as they were obliterated by the amazing numbers with egot this morning -- we got from michael kors. it jumped up 7.2%. we thought that handbags and accessories were losers this holiday season and we thought hand-priced handbags were a shrinki

i am capable of silence that will last. he's promised to fight youth unemployment comp iraq received and reform the competition. at just thirty nine years old his attorneys youngest and prime minister. many italians are hoping to change is now on the way. this is the demo contains one day that i did when she would keep the promises he's made twenty six and found sounds very constructive. he's young and very good eats and now we need to see some concrete action on saturday so that at a point that he is emphatic this means we'll have a better future but to them what we have no beef with no fear. by the end of the week frenzy had sent out his cabinet smaller than the previous one and younger too. the government now faces the huge challenge for the holding it in the struggling economy. this is indicative of the home of the materials. jennings coalition government had to deal with it stands to make you run out this week since taking office last year the head of the three counties met as a scandal or the child refuse to go away the content it is the co chairman of the handpainted predicts step down after telling the

comps miss. it was a strange brew. i think you can own best buy here. you can trade it against 25 bucks.ad a huge volume day. you flushed a lot of people out. this has been left for dead. i was one that left it for dead. timmy liked it. jcp, on the other hand, i think it's in this defined downtrend. had a monster day in the stock. if you go back six, nine months, you're still in the very well-defined downtrend. unless you break through at 8, 8 1/2, i think is intacted. i think out of the two here, best buy is more interesting. >> i bought best buy calls. i tried them in february. sometimes we like to limit our risk. but they are hitting on at least all of the mandates. and the cost saving is doink that. and the retail sector has gotten better in january. after the selling off, it was way overdone. we had a couple of analysts on the show. the way you play this is where you measure the risk. >> you bought march monthly calls. and you wanted to buy february. >> i've been playing -- my point is, i saw february go worthless. >>> next up, gm. the automaker doubling the number of vehicles affec

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comp is down. investment banking. they get a little more nip and tuck. down 10%. he question i put to brady duggan is it is hard to hang on to your challenge. >> overall our compensation benefits are down 8% from 2012. we continue to be focused. i'm sure we pay competitively in the businesses that are key and strategic for us. we think we should be able to do that. it is always a challenge to make sure we're keeping and attracting the best talent. >> did the star performers get peeved when they hear the word deferred? >> i think obviously the whole industry -- the amount and structures around referal. credit suisse, we have been pretty much state of the art. it has done well for the employees as well. deferal is not always bad. >> guy, francine, one of the big issues in investment banking is aligning your employees with the staff. it is not structurally compensation is changing. that is something that every employee in the city has got used to. the data, fast buck, fast comp, fast cash. they seem to be easing. >> manus, i know you also grilled him on the correction of the marke

three to five this year and people are saying you need to start showing double digit comps to move beyond stabilization. >> ihink the problem is, is that we didn't like the old jcpenney, where there were a lot of promotions -- >> but they made money. >> but they made money and that's what you're talking about. you are talking about a not great retailer making some money. a kohl's is a little better. but kohl's trades much higher. i'm just saying the investable case for jcpenney is still they are not going under. do you know what, they've reinvented the store because all they did was bring the store back to where it was when no one was happy with it anyway. >> he did spend a lot on cap-x so they may not have that to worry about quite as much. the stores don't look bad. >> no, they don't. i remember when he was being ousted so to speak, sephora was his interest, because sephora, there it is again, the sephora is back. all those different joes, you know, joe fresh, the stuff that made it sound like it was wholed tos, all gone. >> sephora did drive a lot of traffic in the quarter. >> yes. >> the home they were i

comp bell. anne? >> reporter: now is a good time to get out and drive because it is not raining. i spent much of the morning driving from san francisco to san jose. the traffic was moving so slowly, people couldn't get too out of control, but i talked to some drivers talking about some major hydroplaning going on. this is what things looked like. a long highway 17 at the summit. several inches of rain fell in the early morning hours. the biggest traffic trouble seemed to come from the guadeloupe parkway. all of the lanes were shut down southbound approaching taylor. there was a lot of flooding there and on the taylor street bridge. two of the lanes have reopened and the rest of the highway will open later on this afternoon, but be aware of that if you use the guadeloupe parkway. take a look allot these pictures. there were a couple of cars that got stuck downtown in flash flooding. the cars that were not moving, they had to go in and get the drivers out. they were saving people from a real mess. you heard it before, drive slowly and leave plenty of room between your own vehicle and

i like to do the comps, and the last time we had a level higher was not that long ago and just like indesemer, but the firm read just like chicago, and chicago is a firm read as well. carl and the gang, back to you as we definitely have to get some digestive juices going with all of the data that has been out this morning. >> i can't believe i ate the whole thing, rick. i will tell you, a lot of numbers in the last 15 minutes. >> and look at the financials and citi is up, and cramer, why did you cry wolf? well, doi wa shg, i don't want do poorly, but as rick just said. >> and what about the oscars? >> yes, wear the tuxedos, because we will be giving out the golden bulls. and we will have a walk and the actor who is the star, marshall, and this is against the food chain. for wise the ak tctor and again marshall the food chain and notch ral organic chipotle versus mcdonald's. >> and when is that out? >> on youtube clips and we will put ray on. when you look at the obesity figures and the soda figures and something much bigger is going on here. and the white wave and this is a monster mov