it's not the january effect. it's the january barometer when you're talking about whether or not january has predictive powers for the rest of the year, and actually it's one of the better market sayings, as go january, so goes the year. it's got -- it's got a correlative effect that something like 75% or 80%. the problem is nobody tells you when you're in the 20%, and it's not going to work, but i think what's key here, and rick touched on it. this is maybe the most important question for the market right now because we know the fed is on hold, and we're out of earnings season. all that matters is fun flows and is whether or not people -- whether or not people are going to stick around, and i've got to tell you. it's unanswerable. if you lock at two weeks ago, you have mutual fund fund flows for equities at 14 billion. the week after it was 10 billion. this week it's 6 billion, so it's actually declining. the question becomes if there's a 5% to 7% pullback because of sequestration, does that put inbound fund flo

so it would fall on january 28. and i have been asked to take up the issue of project labor agreement. that's one of the agenda items. so that's going to be held later this month. thank you. >> commissioner mendoza. >> thank you. i will making a new appointment to the prop-h committee. because my appointee is now on the board. i will replace commissioner haney, thank you for that. right -- right. budget and business is not going to have a january meeting. so we are moving it to february. did we secure the sixth? >> the commissioner, the standing date of the committee through 2012 was the first wednesday of the month. that would be february 6. and that's what we will plan on. unless the committee assignments turn-over between now and then and the dates change. we understand that is a possibility because of the timing of the committee. but in the meantime plan on february 6. >> and then i want to make one brief announcement. i wanted to congratulate the mission promise neighborhoods. we are the proud recipients of a $

so today when the stock was $42, i bought the january 11th, next friday, january 19th, the following friday, 41 put calendar. what did i do? sold one of the january 11, 41 puts at about 20 cents and i bought one of the january 19, the two fridays from now, put for 55 cents. that cost me 35 cents. that's my max risk. what do i want to do nigh next friday? i want the stock to close at 41 or slightly higher and have that put expire worthless. then own the january 19th 41 put for 35 cents. that's my mass risk. i want to own that put for the january 17th earnings event. >> i will say one thing, i wouldn't want to short citi, i think it's trading about 80% of tangible book, 20% discount to the s&p financials. here's the thing. i also agree that the market's probably going to trade sideways. the only thing is, with options cheap as they are, i wonder if buying puts isn't a good trade here. otherwise you're trying to find the sweet spot. i think that flat out i think buying puts right now is probably as attractive price wise as it's been in 12 months. >> right. >> especially with the way the

january barometer." if stocks follow history, they could be up by 20% or more. will that hold true in 2013? joining us with his thoughts on that, scott wren, senior equity strategist, wells fargo advisors. so scott, are you changing any of your forecasts for this year based on this strong january? >> well, susie, really january has been stronger than what we thought. we've had a 15, 25, year entarget out there for the s&p 500. and we're certainly reassessing that. we want to look at the fundamentals. we want to look at our models. and just see what we think is going to happen. but i do think you said in the intro 20%, i think that's extreme. we've been looking for about a 10% year including dividends. maybe we're a little conservative. but i don't think we're going to see a 20% year in the stock market this year. >> as you reassess things, one of the things that comes up usually you get these stock market rallies when you have a robust economy. we don't have a robust economy. so does it make sense that w

we won't be able to come before you until january 22. and then we will come back to you after the change is negotiated and seek a second project revision that will take into account the final negotiated cost. this two-step approach is required so we have the funding needed to keep the project moving forward. now keeping the costs of the program, of the project within the approved budget, of course is our number one priority. and everyone on the project team is working really hard and committed to make sure that happens. but now as we are starting to get closer to finishing the finish line. we have encountered a few additional changes that are pretty significant. including the calaveros project, reaching this goal is still achievable but harder. to be sure that we put all of the best chances on our side, we asked our program consultant to take on a number of major tasks. including assessment of project costs and schedule changes, trends, risks and remaining project contingency. the goal is one, to try to identify cost efficiencies, where

so there could be a special meeting scheduled in january. your next meeting is the 16th. for either one of those, i could work with the president to come up with the agenda language that gives the bic flexibility to make the appropriate decision. >> i think we need to all -- we basically all need to vote on this. i think that will be the -- what you're saying to come up, john, with some language on a special meeting or just the next meeting. >> either one, it's up to the commission how you want to proceed. just a special meeting -- the next regularly scheduled meeting is january 16th and if you wanted to make this decision earlier than that, we'd have to find a meeting date earlier in january to do it. >> so what's in front of us, commission, is whether we should have a special meeting on this, that's 1, or 2, we wait until january 16th. >> i would love to do this quicker rather than later, but i will be out of town until the 7th and i imagine many other people will, too, since that's when school starts again. the 16th is just as well for me. >> right. >> okay, so why don

. >>> january 16th. >> i think january 16th this is the ninth is a full calendar. >>> yes.. >> okay so the motion is to grant the rehearing request and rehear it's matter on january 16th. on that motion, vice president phoning. aye. commissioner retar do. eye honorra and that motion is grand the board's decision is no longer in play and the matter will be reheard on january 16th. >>> i would like to take a short break, okay? . >> 2012 meeting of the san francisco board of appeals we are returning to our calendar item four d was withdrawn item five was to january 30th and we are actually going to take the next item out of order item number seven appeal #1-one 01 and before i begin there is an alternator in the room and i want to make sure that he is interpreting this matter. okay you can sit down for the moment. okay so this is number 1201 - one and diagnosis doing business as the he r c owe o health club inc.,, 630 bush street number 601 and this is in regards to a message establishment permit and my understanding is that the appellate is interesting in requesting a continuance of the

meetings. >> we will be dark january 2 r*pbd and hold open meetings on january 9, 23 and 30. >> thank you very much. ladies and gentlemen, as we move into line item no. 9 i'm going to turn this over to commissioner kingsley. >> we are closing this commission meeting this evening, the last of the year for 2012, with a few moments to remember the 28 victims of gun violence in newtown, connecticut last friday, and to remember the 45 people in the city of san francisco who died from gun violence in the year 2012. this commission is dedicated to reduce gun violence in the city of san francisco. we ask everybody in the san francisco community to join us and the dedicated members of the san francisco police department to fight gun violence in this city. thank you and good night. >> do i have a motion for adjournment? >> so moved. >> second. >> all in favor? >> aye. >> thank you very much, commissioners. (meeting adjourned). okay... meeting called to order. roll call commissioner kimberly brandon. >> here, adams here, leslie katz here. >> approval for items minutes for 2012 meeting can i have

should be the third tuesday in january -- >> no, it would be january 15th or the next regular meeting would be february 5th. >> i think before, i think before that, there is so much interest in this, i think it's very reasonable to request 3 and 4 may not work in the public forum it seems to me. i would support that. i would hope board members do as well. and i would hope that the 3 seems like very reasonable options to me at this point, especially 4. i hope that works and i hope we're doing everything we can to make that happen as expeditiously as possible. we'll get reports back to the board in a periodic basis. they don't have very many meetings between now and then. just to get a sense of where it stands so the public will know. so, those are the comments i'd make. i also think the comments about how north beach is different from union square, that's persuasive, different kinds of business, different kinds of support from corporation, all that kind of thing. so, those would be my comments. i'll open it to members of the board. director heinicke. >> i have a question, which is base

you can see .26 in january. .39 the second driest january on record.d keeping goes back to 18 50 so one of the oldest records and we will be watching for the possibility of rain. like i said the computer models are backing off. we are enjoying mild weather. if you are heading to new orleans to the big easy, it is going to be gorgeous there as well. upper 50s tomorrow afternoon and sunny and mild and a little warmer on friday. low 60s 60s 60s and slight chance of rain on saturday and super bowl sunday is going to be super. 65 degrees, of course, the game will be played inside the superdome. here are your temperatures tomorrow morning chilly as i mentioned. crisp, cool, and mid30s in the cold ease inland valleys. in the coldest inland valleys. along the bay and coast you will see low to mid40s so not as chilly as the inland valleys. tomorrow afternoon, 67 in santa rosa and napa and sunshine and oakland 67 degrees. 65 in san francisco. these temperatures are milder than where you should be this time of yearment 67 in -- this time of year. mid60s livermore

board meeting in january. and i want to thank all of our labor partners and the pac organizations and the community group and all the district departments. and the assistant superintendents that provided input and feedback from the calendar that all calendars are based. the requested action is that the board adopt the 2013-14 instruct instructional calendar. >> okay, any questions or comments. >> i have a question, can you tell me if this includes forced closure days? >> commissioner murase. if you look at the january -- sorry, the june first day in june, june 2. we have reached an agreement with united educators for a two-year agreement. and both years have one-and-a-half of forced closure days. the half closure day is on the last day of school, noted on may 30. and then june 2 is the professional development day which also is a forced closure for our teachers. that's a furlough day. so we are pleased that in the school year is 179.5 days for the 13-14 year. and again those forced closure days may be revisite

you can see .26 in january. .39 the second driest january on record. record keeping goes back to 18 50 so one of the oldest records and we will be watching for the possibility of rain. like i said the computer models are backing off. we are enjoying mild weather. if you are heading to new orleans to the big easy, it is going to be gorgeous there as well. upper 50s tomorrow afternoon and sunny and mild and a little warmer on friday. low 60s 60s 60s and slight chance of rain on saturday and super going today is going to be super. 65 degrees, of course, the game will be played inside the superdome. here are your temperatures tomorrow morning chilly as i mentioned. crisp, cool, and mid30s in the cold ease inland valleys. in the coldest inland valleys. along the bay and coast you will see low to mid40s so not as chilly as the inland valleys. tomorrow afternoon, 67 in santa rosa and napa and sunshine and oakland 67 degrees. 65 in san francisco. these temperatures are milder than where you should be this time of yearment 67 in -- this time of year. mid60s liv

you can see .26 in january. .39 the second driest january on record.keeping goes back to 18 50 so one of the oldest records and we will be watching for thessibility of rain. like i said the computer models are backing off. we are enjoying mild weather. if you are heading to new orleans to the big easy, it is going to be gorgeous there as well. upper 50s tomorrow afternoon and sunny and mild and a little warmer on friday. low 60s 60s 60s and slight chance of rain on saturday and super bowl sunday is going to be super. 65 degrees, of course, the game will be played inside the superdome. here are your temperatures tomorrow morning chilly as i mentioned. crisp, cool, and mid30s in the cold ease inland valleys. in the coldest inland valleys. along the bay and coast you will see low to mid40s so not as chilly as the inland valleys. tomorrow afternoon, 67 in santa rosa and napa and sunshine and oakland 67 degrees. 65 in san francisco. these temperatures are milder than where you should be this time of yearment 67 in -- this time of year. mid60s livermore and

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grace period starting on january 6, 13th and also the 20th. and those three sundays we will not be citing formally violations, but instead issuing a friendly courtesy notices of the violation and the need to start complying. again, the decals on the meters of the new hours and the enforcement times will stay put on the meters. we have also met at your suggestion with a panel of religious and community representatives in mid november. its was very successful. they had a lot of good suggestions on how to do outreach, and we are volunteering to meet with one of the leader of the group, mr. michael pappas, to the inter faith council to personally visit with him some problem locations that he had suggested and also work with him to see if there are some solutionses and outreach methods we can try to reach some of those affected parties to try to relieve some of the potential problems that may be faced. they also gave us quite a bit of good feedback on other issues, including the suggestion for us to start the sfmta to do more consistent application

this room and you commissioners are very busy and so our january meeting is january the 24th here in this room beginning at our regular time of two preponderance with a public session at 215 prime minister and all of our meetings for 2013 are the second and noter tuesday of every month and so to restate again we are going to cancel again our january 82013 meetings and calling a special meeting for january 24th 20132 prime minister 315 public here in this room. okay that was all of the good news. not you have to go to the really not to sso happy move. the moving on of two really great friends who have been at the water front together doing really amazing thing and so i'm going tart with allen nevling who has been doing surveys at the port now for 19 i 19 narrow years and joined us from the department of public works and as you can imagine in the least 15 and-a-half years surveying has evolved from a manual process to a more complex computerized process but nonetheless, it's a very critical function here at the port of san francisco. it effects things like our drudging control, how we

the s&p's best january potentially since 1997. forget sell in may. should you sell in january? the ftse cnbc global 300 gives us a sense of what we've been seeing play out overnight, giving up the rally, down about .1%. the european bourses in particular showing you where the pressure is coming from. in particular, it is among spanish banks. the ftse 100 is down. the xetra dax down about 0.3%. deutsche shares are moving higher. the cac 40 down 0.6%. the ibex is the weak link this morning down 11.8%. santander disappointed the whole sector is trading lower. >> numbers more than half of the earnings, as well. let's show you the stocks in focus this morning. one of the stand out sess erikson coming out with higher than expected fourth quarter core profit. revenue growth, as well. raising hopes finally shaking off the global downturn. stocks up 1%. lonmin coming up with fairly good numbers, up 9%. saipem after banning short selling, is up 3.44%. astrazeneca saying it's going to be a tough year, its stock down around 5%. as far as bond markets, post u.s. gdp number and the fed yeste

submitted to the board, which is january 10, 2013. >> okay. so moved. >> i'm inclined to move in that direction -- to go in that direction as well based on the testimony of the zoning administrator that it's code compliant. >> the motion has been made if you could call the roll mr. pachecko. ex-we're upholding both permits the demolition and the site. motion from commissioner fung to uphold both permits and the condition is that they -- that the permits be revised with the revised plans dated with our stamp, january 10 2013. >> just the permit to erect the building needs to be revised, not the permit to demolish. >> do you want to separate votes? >> i think you can do one vote. >> we're upholding the site permit with the revised plan dates january 10. on that motion, from commissioner fung, president hwang? >> aye. >> thank you. commissioner hurtado is absent. vice president lazarus? >> aye. >> and commissioner honda? >> aye. >> thank you. the vote is 4-0 and the demolition permit suprahold as-is and the site performance is uphold with those r

a couple of weeks ago on january 15th, s.a.p. announced preliminary earnings numbers that caused the stock to get hit, down to 77 and change. then a week later, started to come roaring back after giving the full earnings release and the stock is now above where it stood before the decline. the so-called bad news, just another buying opportunity for s.a.p. shareholders. since we first had s.a.p. back on august 11th, not that long ago, stock up 64% and now reporting off the high. can s.a.p.'s run continue. let's take a closer look with bill mcdermott to hear more about the quarter. and tell us what he sees for 2013. welcome back to "mad money." how are you? >> nice to be with you. >> now, i owe you an explanation and apology. i fell prey. i was reading the analyst reports where you did the preliminary and morgan stanley saying it was a negative pre-release and goldman saying it was a shortfall. it wasn't. it was just -- >> right. >> it was consistent. what happened? >> well, when you do a preliminary release, you don't get to expla

do we have availability two weeks the 31st of january? >> january 31 is an extremely light calendar, or agenda for now, because it was added to the schedule so late. >> commissioner antonini: that might be a good time to propose a continuance, if that -- >> it would be. >> commissioner antonini: so i will therefore move to continue items no. 1 and 2 to the date specified, and items 16a, b and c to january 31. >> second. >> on that motion to continue items 1 and 2 and item 16a, b and c to january 31, commissioner antonini, aye. >> bore don, aye. >> hill list, aye. >> moore, aye. >> sugaya, aye. >> wu, aye. >> president fong, aye. under commissioners questions and matters, item 3, election of officers, according with the rules and regulation his the president and vice president shall be elected at the first regular meeting of the commission held on or after the 15th day of january of each year or to a subsequent meeting. the date, which shall be fixed by the commission at the first regular>)( b5d meeting on or afe 15th day of january each y

get ready for a nice, cool, january afternoon.d cold. 30 in washington. 30 in annapolis and 25 now in baltimore. notice we are getting into the low 20s particularly well to the north and west. gaithersburg is 21 at this hour. frederick, hagerstown, 21. 21 in winchester as well. we have quiet conditions locally. a lot of rain shower activity down to the south and to the east of us. that is a cold front from yesterday and we are sort of on the northern edge of cloudiness that rolled through during the overnight hours. you can see we are starting to get some clearing. we should be in for a lot of sunshine and a nice, downright weather pattern for the next several days. our chances for rain and/or any winter weather around here, close to nil. we don't have a lot going on locally. our average daytime high no this time of year, we are in the coal of the time of year is in the mid-40s, 43, 44. winds out of the west at five to 10. winds out of the west at five. there is a very quiet accu- weather seven-day forecast. let me mention, you go

this is the january meeting of the mayor's disability council. my name is chip supanich, interim co-chair today. chip, i'm sorry, we don't seem to have captioning yet. >> could we get captioning, please? do we have it? >> >> are we ready? okay. once again, welcome to the january meeting of the mayor's council. my name is chip supanich and i'm interim chair this afternoon. now we'll have our introduction. >> good afternoon everyone and happy new year. welcome to the mayor's disability council friday, january 18th, 2013. here at city hall in room 400 from 1:00 to 4:00 p.m. city hall is accessible to persons using wheelchairs and other disabilities. the polk street catalon b. goodlett is accessible via ramp and wheelchair lift. the other three entrances are accessible via ramp. assistive listening devices are available and the meeting will be closed captioned and sign language interpreted. other materials in alternate format upon are request. with persons please refrain from wearing scented products. this includes perfume, scented lotions, hairspray

for now january coming in feeling like january. >> the holidays are basically over, people heading back to work tomorrow. it will be a chilly one. >> well in tonight's health alert a new study says the color, shape and size of a generic pill can influence whether a patient takes the medication. researchers tracked prescriptions for several antiepileptic drugs. patients who received generic drugs varied in color were 5% less likely to take them. what's in there must have the same dosage strength as the brand name version. >>> ringing in the new year is a time of celebration and renewed hope. with that comes resolutions. we have ways to help make your resolution a reality. >> reporter: it's easy to make new year's resolutions, but can you keep them? absolutely, if you're smart with your planning and can handle set backs. be specific. don't just say i want to lose weight or handle money. >> those are too general. be spefnlgt i want to lose 10 pounds. i want to save $2,000 this year. >> reporter: second, be realistic about what you can accomplish. it's very hard for people to lose 100-pound