jonathan stern and byron and city council john sack and mike martin and civil lot 337 associates, jack bear and ron nolts. again, quickly to bring you up to speed. this is what you have seen before. it should be familiar. it a points 1.7 million square foot of open office space and approximately 2000 square foot of retail space. as you have heard in the press yourself an announcement has been made about the first tenant for the project anchor brewing and we are excited about that potential and what it means for the project in terms of phasing for pier 38 and a good match for the city. infrastructure in the project is phased over time and privately funded and publically owned and paid for with the unique financing mechanism and we have shared with you in previous presentation. as part of an overview, port revenues, one of our endeavors is to increase the ports land value return for the site to recognize it's true asset value and take that forward over time to benefit the port as a whole. we do that through participation rent and through other structures you will see in a future slide and of

heritage foundation's nile gardner and chief market strategist and lpl financial and jack bouroudjian, ceo of bull and bear partners. is this going to be peaceful or will it be disastrous? >> it's a train wreck that we see unfolding in cyprus. basically, what you're seeing here is a dictate from brussels and the european union directed by the germans. they no popular mandate for this move which in effect is highway robbery, really. a large number of cypriots are going to lose a huge amount of money as a result of this deal. it can only lead to potentially civil unrest. >> let me challenge you on this, highway robbery. >> this new plan is the most market-based plan i've seen coming out of the european union. what they're doing is they're basically holding wealthy depositors and other investors, shareholders, bondholders. this is a bail in among those people, not a taxpayer bailout. now i agree there are transition issues here and we're seeing one of these transition issues whether it's banks run in cyprus, but dan nile, this is what we should have done in the usa. we shouldn't have had taxpayer bailouts. we

jacks. rodriguez and then knapp all kyle tooney, rough outing. bottom seven, 9-4. bags full of bears. grand slam, cal cruises 15-5. bears '5-4 in pack southwesterly -- pac-12 game. >> nine games left for the warriors to clinch. but they're thinking more about seeding. they're currently in the six spot. the rockets boating the clippers right now. a team they beat last time and have a complete enable to stop oakland. portland slumping, they enter six games under .500. >> the rest of the teams in the league can be just as dangerous as the elite teams. we don't have a cushion. some teams do. our mindset has to be, take care of business every single night, no matter who is on the other side. >> i think -- put that x by our name. >> the first half of the final four feel is almost september syracuse the first to get in, winners over marquette. the ohio state and wichita state, another short-for the shockers. the nine seed lead the buckeye 60-50 with four minutes to development ncaa restrictions we can't show highlights until the completion of coverage. >>> a week after signing a ten-year con

. >> i would echo the thanks that jack just gave out to everyone for everyone who worked so hard. i agree with mr. bear that we are all better for it that everyone has had a hand in making suggestions and i'm sure we'll have a number of significant changes coming as we move forward as well. i would like to thank everyone, particularly at port staff because i know how hard everyone has worked and john martin, i know you just put in countless hours on this. but i'm excited to see this area expand and as we episoded up with a park here and absolutely excited about having the park open and expanded. one thing i do want to note with the park that there is an existing park there and i'm pleased to see it. it's almost tripling in size as a result of this project. so looking forward to seeing a very vibrant and interactive park space there. i will say one more time i appreciate a dog run if possible. i think this is an area of the city. many of us have been involved in the changes in almost decades but i think what this project offers is some diversity of businesses and activities in the area. so as one of the

jack pa reduce, are you a bull or bear? >> i'm a bull, larry. you buy every 3 to 5% dip. a 1700 s&p and a lot of it because of what you talked about. the fact that we are now talking fundamentals. everything is now on the table. and more importantly, we're getting a reversion back to the means, and corporate america is making more than they've ever made before. >> actually, michael farr, that's a very interesting point. a couple people have said on this show in recent weeks that wall street stock market investors actually like what's going on in washington. actually like it. we've got some tax certainty, even though we hated the tax hike. >> which is a good thing. >> but we are going to get some spending cuts, it looks like. certainly the government will not be shut down, certainly the debt ceiling will not be approached. so maybe washington is helping the stock market. >> well, you've got a little bit of certainty and a narrow window. and i think more important than any of that certainty right now, larry is that the federal reserve is still there spending that $85 billio

bear partners. he is at the cme. good to see you, jack> sue, always a pleasure to see you. >> if you've been in the bond market this whole time, you missed a move in the equity markets. yet we are not seeing the exodus from the bond market that you would think you would see with all-time highs and equities. >> it is interesting. we haven't seen the classic rotation that everyone has been expecting. you would see it in the form of large strategic asset evaluations. there's this other factor that seems to play into the bond market that people aren't talking about. that's demographics. there is a large portion of people that will never get out of bond. they lived through two big volatile moves. they are in bond as they approach retirement age. >> does that change the dynamic when everybody says the bond market is a bubble that's ready to burst. if indeed you're correct that there are people given their background and what they've seen that will never leave the bond market, do you have a bond bubble? >> i don't think we have a bond bubble. i

jacked up the price. the next thing you know, the bull morphed into a bear. i had understood first hand the contest of diversification. i never again intentionally avoid diversification. here is the bottom line. i learned the core principles of investing, finding solid ideas to create long-term wealth in a way that benefits the customer. all of my investors consistently beat the market on ways of their own aided by people like me who worked with them to consciously put a plan into action. mad money is back after the break. >>> our tour of the early lessons of my life's journey into the market is drawing to an end. you followed my love affair with stocks. show the importance of getting started early in investing. do you live with me with my 22 caliber pistol in the back of a car? saw me invested in mutual fund no matter what the circumstances to understand the need for me to save no matter what. you saw is discipline needed for good home gamer trading and you stumbled along with me to find the goodness of long-term investing. i hope you've been able to take aw

jack cline, thought this would help get him to the top of the chart. the biggest t.d. of the game came from -- it's marchand lynch. the former cal bear, goes untouched mostly because the coaches told the defense not to touch him. >> speaking of cal football. former bear linebacker held a bowling event to help his foundation. marchand lynch was there the aces foundation goal is to help every youth aspire to accountable, giving back to community, higher education and spiritual growth in sports. >> when i grew up i had somebody who really stepped up and taught me how to be a man. today there's a lack of that. whatever the reason may be. but there's a void that needs to be filled and there's people doing it, and the more we have, the better off the world will be. >> good for lorenzo. >> ncaa tournament, cal facing syracuse. bears trial to advance for the first time in 16 years but turnovers and a cold shooting night ended the dream. cal leading scorer, allen crabbe, offnight. he was 3-9 from the field. second half. michael carter-williams. the layin. cal tries to cut the lead. great bucket by cobb but he was held to five points. cal elim

jack cline, thought this would help get him to the top of the chart. the biggest t.d. of the game came from -- it's marchand lynch. the former cal bear, goes untouched mostly because the coaches told the defense not to touch him. >> speaking of cal football. former bear linebacker held a bowling event to help his foundation. marchand lynch was there the aces foundation goal is to help every youth aspire to accountable, giving back to community, higher education and spiritual growth in sports. >> when i grew up i had somebody who really stepped up and taught me how to be a man. today there's a lack of that. whatever the reason may be. but there's a void that needs to be filled and there's people doing it, and the more we have, the better off the world will be. >> good for lorenzo. >> ncaa tournament, cal facing syracuse. bears trial to advance for the first time in 16 years but turnovers and a cold shooting night ended the dream. cal leading scorer, allen crabbe, offnight. he was 3-9 from the field. second half. michael carter-williams. the layin. cal tries to cut the lead. great bucket by cobb but he was held to five points. cal elim

bear slider still in beta. >>> welcome back to "the closing bell" with former general electric chairman and ceo jack welch.have the employment n numbers out. 163,000 new jobs created expected for the month. how are we going to get this economy moving? >> look, we're poised. we've got the banks strong, we've got the companies competitive. the companies are lean. i could see if washington comes together, and we show some tipping over the curb on the expense line and we start to really go at the regulatory issues, we could have a very strong second half with a market that's caught up to by the performance of the companies. >> the performance of the companies, meaning growth. >> yeah. >> because revenue has been just okay. >> things are so poised to be right, if we can get these regs right. >> what do you hope -- what are your goals for the jack welch management institute. tell me about that in terms of the corp raments you're speaking to, in terms of what you would like to see. >> well, we're growing rapidly. we have over 500 mba students now. we've just come out with a new product. called welch way on leader

engage the chinese given the inherent capabilities of strategic missile intercept bears and the fact they are right on pitcher jackoffending chinese second-strike attack on the united states. it's this going to complicate efforts to constructively engage china? >> thank you for both of those questions. let me start with yours and i'll get to greg's question. here's what we hear around the world and i've been to every continent with the exception of antarctica over the past two years. generally when you look at the code of conduct, it's generally except the bull. i mean, most major nations say it looks pretty good. there's some additional changes we would like to see of colleagues from russia, but even colleagues from russia say this is basically the u.n. general assembly resolution anyways the russia proposed. so on the substance, there is a general agreement. the real challenge with the process has been a lack of outrage and the need to get the process together. i think that's the result of a couple things. the european external action service has just stood up, but the good news is this, they have just appointed

jack and chase. they're here this week. i'm delighted they're here in budget week. because the decisions that we make this week are going to be decisions that they're going to bear the burden of. money we spend is money they will pay back. it's imperative that we be responsible to our children, to our grandchildren, to future generations and meet the obligations we have today. i yield back the balance of my time. the chair: the gentlelady yields back the balance of her time. the gentleman from maryland. mr. van hollen: thank you very much, mr. chairman. it's extraordinary how many times we have to point out that the republican budget before us today contains the medicare savings that were first demagogued last fall during the presidential campaign. we hear them attacked here on the floor of the house by republicans and yet they're in the republican budget. and in fact if they weren't -- no, mr. chairman, they're in this republican budget. and what's more, their budget wouldn't balance without them, which is why they cannot have it both ways and claim their budget's in balance and they're getting rid of obamacare. now, while they're keeping the savings, they are gett