i want to thank jim smith and lawrence bryant at sfgov tv. mr. clerk, do you have any announcements? >> clerk: yes, silence your cellphones and other electronic devices and your completed speaker cards and copies of documents should be submitted to the clerk. items acted upon will appear on the 2019 board of supervisors agenda unless otherwise stated. >> there. please call the first item. >> agenda 1 is a hearing to consider the type 42 on sale beer and wine public liquor license doing business as decan't s f-1 168folsom. >> and i believe we have joel samuelsson. >> good afternoon. san francisco police alcohol liaison unit. you have before you a report for llc and we have applied for a type 42 and this would allow them to sell beer and wine. there are no letters of protest or letters of support and ter in a high-crime area. they are in tract 178.02 which is considered a high saturation area. southern police station has no opposition. a.l.u. recommends approval with following conditions. number one, sales service and con so manyion of alcoholic be

this is what fred smith told jim last night on "mad money." >> tale two of stories, jim.he domestic business is pretty good, although we put some new expenses in place to meet the demands of the e-commerce market and then our international revenues were not quite what we had hoped, so we had anticipated about 6 billion in increased revenues for the fiscal year that ends may 31st we're going to end up with about 4.5 billion, but we are seeing some green sprouts now in the international side and we're optimistic as we go into fy '20. >> we talked about their conservative in general outlook on most prints did you see the warning two quarters in a row? >> yeah, kind of, because what -- look, fred smith is doing something that i think people don't understand. fred smith decided, we're going to own the world we're going to own the world whether the world is doing well or not we'll spend all the money we can on tnt, europe, that's turning out to be much harder than people thought, they have to fix that still optimistic done in a year. asia, he's got a government that is at war w

also cut its full-year outlook for the second time in three months, the company's ceo fred smith spoke to jim cramer on "mad money" last night, and he said the u.s. trade war with china and the brexit drama are weighing on global commerce. >> well, we certainly are levered to it, but on the other side of the coin, some of the things that we have done, like our integration of tnt, and some of the programs we have in asia should mitigate some of that, but no question about it, jim, if there's not some solution to brexit and some resolution of the china-u.s. trade dispute it's unlikely to see much global growth >> fedex also reports continued weakness in its international express business that division includes the former dutch delivery company tnt. fedex has strugged since buying it for nearly $5 billion in 2016 fedex has more international exposure than rival ups. asia accounts for 10% have fedex revenues, and as can you see, the shares are off by 5.5% in early trading this morning >> thank you for that update on fedex. weave also got an earnings alert here on bmw. out with a big profit warnin

fedex, that's part of fedexproblem fedex problem is the labor coast >> what if spread smith called the bottom with jim last night and better risk reward is over seas he said we're seeing sprouts why not over weight europe or eem or whatever because you've had such a powerful move here. >> i think that's actually a good trade right now if you see the fed come out, you could have an improvement in dollar liquidity that's been a problem over the past six months. it's really hard to borrow in dollars. it's hard to get your hands on them and this could help the fed could help that and make banks be more willing. that would be real positive if there's a trade deal for international markets and economies. >> steve, i'm going to let you run. you have a big day coming up we'll see you in the press conference with the powell thank you. >> pleasure, scott >> let's take this where we started it off now you can be -- i think the u.s. is best. >> it continues to be. b maybe you're still better off putting higher exposure overseas >> i'd say as ai've said, why nt use the american companies that have exposure levels

jim cramer joins us now. and just, i don't know, just being around fred smith is awesome. l icon but between the lines, when's going on, jim, really, do you think? >> look, in the end, it is a leverage play on world growth. and there is a remarkable worldwide growth slowdown. and the tnt integration is still hard there is still a lot of heavy lifting in europe. they need to do that to block everybody else out obviously asia is slowing. united states had to spend more money. they have a lot of infrastructure to turn over. could they be -- should they have guided down more? it is impossible to know what's going to happen, even with brexit, ten days from now. those that want to own the stock have to accept the fact if you had a trade deal, you make 20% on the darn thing. bliss was talking about the peak in january this is a trade war story. it is the trade war. it is far more than trade war than boeing. particularly now boeing going around town really kind of asserting once again this is not -- the max is not something you need to be as worried about as people are. so fedex is

and revenue miss and weaker than expected guidance for the year you cannot miss jim cramer's exclusive interview with fed smith, the company talking about weakness from trade, global economy and how it has to do better. >> yes we look forward to that one. >>> now the strong rally since the end of december is raising some red flags that the market could be overpriced. mike made the way to the telestrator and has more. >> this is really tracking just exactly how hot the market has been running lately. this is from fund strat and a technical look at the rally and going on underneath the surface. this is a momentum indicator for the s&p 500 which essentially is what percentage of stocks in the s&p are in a weekly untrend. and what you see here is over 90%. it's a pretty rare signal. last time it happened was the strong rally off of the early 2016 february low and we have talked about a lot as analogous to the situation here. the market is overbought participation to the upside and could be a good overbought because you have underlying demand and usually means and this is from early 2016 is the market chopped aroun

jim congress union. this is the story of john smith. not this john smith. or this john smith. the other hundreds of john smiths that are humana medicare advantage members. no, it's this john smith. who we paired with a humana team member to help address his own specific health needs. at humana, we take a personal approach to your health, to provide care that's just as unique as you are. no matter what your name is. ♪ but how do i know if i'm i'm getting a good deal?s. i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? most pills don't finish the job because they don't relieve nasal congestion. flonase sensimist is different. it relieves all your worst symptoms, including nasal congestion, which most pills don't. it's more complete allergy relief. and all from a gentle mist you can barely feel. flonase s

share price let's take a closer look with fred smith, chairman and ceo of fedex to learn where they're headed welcome back to "mad money." >> thanks, jimeciate you having me. >> fred, so here's what i'm thinking i take a different perspective than the analysts who i do believe want the money shown to them i see the consumer doing great i actually see the corporation doing great. fedex and the government is going crazy. isn't that the weakness of the business >> well, you know, it's the tale of two stories, jim. the domestic business is pretty good although we put some new expenses in place to meet the demands of the e-commerce market, specifically we opened up a couple of enormous hubs in pennsylvania and connecticut and we went to a six-day-a-week all year round ground operation and on our international revenues were not quite what we had hoped so we had anticipated about 6 billion in increased revenues for the fiscal year that ends may 31st we're going to end up with about 4.abillion but we are seeing some green sprouts now in the international side and we're optimistic as we go into fy20. >> let's go into those on the call you menti

write anything you give him ben smith now at biewfd will take stories and bright what you want him to write. the people at huffington post were always egoier to cooperate. jimny at the "l.a. times" took a lot of our stuff. brian steltzer at the "new york times" was helpful. brian steltzer has left the "new york times" and house munich at cnn announcing prom clacannouncingannouncingp s proclamations from king mark zucker. here is zucker's puppet. ♪ ♪ ♪ >> a lot of what fox does in prime time is resentment television making you resent liberals and others who are trying to hurt you. that's the message from fox. i think all of this matters because it's about decency and standards. it's about the corrosive, ugly nasty behavior that sometimes happenings on cable news or off cable news involving some of these hosts. >> tucker: it's about decency, cries the eunuch. we must have decency by which eunuch means less disobeying, more obedience, stop criticizing the program or else. this is the face of state media. why does fox even exist they wonder? we have 11 other perfectly good cable channels, all of them approved by management in obedient to the people in charge. h

jim joroesn't this evidence trouble you? >> well, there are a handful of excellent reporters at fox, and brett bayer is considered a solid reporter. chris wallace is a solid reporter. shepherd smithere are a number of them. and e ey work for thnews side of fox. but most viewers have no idea there is aparate division that's actually considered news reporters, and the rest of i in fox's view is entertainment. it's all labeled fox, but you wouldn't really know it as a viewer. it's the enterinment guys and women, but you would think of as fox. they are on all night long in >> brangham: in your story you also report how the trump hministration when it comes to regulatory mattes also taken a very favorable approach to foxfiews, spelly with regards to the time warner acquisition. can you explain? >> well, what i found was trump actively tried to stop tha deal, block that deal, and he ordered gary cohn, who was his top economic adviser in the white house, to get the justicel department tck that deal. an he not only ordered him oncei he said, told him 50 time," there is this anecdote in the ory, which suggests that the president was trying to throw a wrench in one of the major sot of corp

ben smith coming out bus speed will take stories and write what you want him to write. the people "huffington post" post were always eager to cooperate. jimainey at the "l.a. times" took a lot of our stuff. brian stelter at "the new york times" was helpfu helpful. brian stelter has since left "the new york times." he's notef a house unit at cnn announcing proclamations from his tiny king, jeff zucker. he takes his talking points still from media matters. here's his puppet. ♪ >> a lot of what fox does in prime time is resentment television, making a resent liberals and others were trying to hurt you, that the message from fox. i think all of this matters, it's about decency andnd standards. it's about the corrosive ugly, nasty behavior that happens on cable news or off cable news involving some of these hosts. >> tucker: it's about decency cries the unit. we must have decency! by which he means less disobeying, more obedience. stop criticizing the program or else. this is the face of state media. why does fox even exist, they wonder. got 11 other perfectly good cable channels, all of them approved by management and obedient to the people i

smith. >> bill: i'm bill hemmer. happy friday. spent more than 10 hours with adam schiff. something schiff contradicted during an interview last weekend. here is jimreparation with this witness and they came in front of congress and still lied to us. we think now a total of 8 lies. there is also always, bill, a little bit of interaction before a hearing. 10 hours, several trips to his location in new york. that is very unusual particularly when we asked for a deposition and wasn't given that opportunity. >> sandra: catherine herridge broke this story live in washington with more on what we are learning. catherine? >> thank you, sandra, good morning. fox news was first to report the democratic staff from the house intelligence committee traveled to new york four times and met with cohen for more than 10 hours and for context, the length of time is important because the public hearing lasted only seven hours. this morning, congressman mike turner issued this statement after he asked cohen's lawyer for an explanation. and it reads in part, quote: today michael cohen's attorney confirmed that democratic staff traveled on taxpayer's dime four times to

like jim baker and george schultz, martin feldstein, rex tillerson have all proposed a carbon tax, would you favor a carbon tax? i know many of you said all things should be on the table, mr. smith? >> no. >> i would not. >> we would consider. >> an increase in the fuel tax is a common tax. we would have to see the details of it. >> i love the irish. >> we would have to see the details of it before we would commit. >> i think one of the most important things that this committee can do and i can tell the frustration, a common practice here in congress is that often times these issues are debated. there is no one on this bias that doesn't understand the urgency right now of funding an infrastructure program. there isn't a person here when asked to to raise their hand that funding infrastructure will do it but when it comes to paying for it everyone heads for the exit. what you ought to be insisting on and several of us have said if you vote no you shouldn't be able to take the dough. that is what happens too often appear. as you construct a compromise or you construct an opportunity to move forward, which ever mode that is, there ought to be some responsibility back on this side i