moving forward, i think as john alluded, we have been making i think excellent progress getting this project ready for your approval. we have had actually excellent discussions with the state lands commission staff just last week in which they seemed very enthusiastic about the project, about the uses, about the public access elements and the lease terms that were discussed with them. we've had multiple meetings with bcdc staff to develop that public access plan that you see and we believe that they are prepared to recommend that that go forward. we are working through the ceqa review that really is based on historic resource he evaluation report and we are trying to finalize the lease terms with your very hard working staff. once we get the lease approved, which we would hope including the board of supervisors will be early in 2015, we will start to work on pulling our permits. once we pull our construction permits, the construction period for those initial improvements is about six months. so, i thank you very much for listening and we are very happy to tell you anything in additio

moving forward, i think as john alluded, we have been making i think excellent progress getting this project ready for your approval. we have had actually excellent discussions with the state lands commission staff just last week in which they seemed very enthusiastic about the project, about the uses, about the public access elements and the lease terms that were discussed with them. we've had multiple meetings with bcdc staff to develop that public access plan that you s

the one thing i would add, and john alluded to this, is i think you had really an equally dramatic underlining with respect to the worries about the low inflation as well. they pointed out that the market-based measure of inflation expectations was down, has been down sharply. i don't remember the exact wording, but it was strong than we had seen. so it seems to me, you kind of have -- you have almost a balance here. you have a stronger push on the upside with regard to the general economy, but a stronger push to general inflation. liz: keith, i'll start with you. to the traders. the second before the statement is released with be i write down where the markets were. the report comes out. no rate hike. dow moves higher. we can show an intraday chart. same with the nasdaq and s&p. i'm hearing the word "solid," it sounded a lot stronger than expected. the market wants to know there's going to be quantitative easing, and i thought, that's not doveish. tell me what the traders were thinking. >> exactly the same thing as john is pointing out. i think most people, including myself, were thinking tha

michelle, is there a disconnect, something that john is alluding to forget naming the enemy, i understand that, we have to put the target on the enemy but is there a disconnect the way the obama administration is treating terrorism and jihadists and homegrown terrorists with what the american people are thinking? before you answer that i want to show a poll that just came out late this week, that says 76% of americans feel that it's the most -- terrorism is the most important thing going on and that exceeds the economy. did i say that right, guys is this i hope i said that right. in other words, terrorism has for the first time in a long time become more important on the american people's minds than the economy. >> yeah, well, people are living in fear right now and they realize that we have a president who doesn't treat the issue as importantly and isn't really thinking of it as a big issue. he would have sent someone, he would have gone to france he didn't even kwar. that shows what his priorities are. it's not a big issue. this is a huge issue. it's also a huge issue in terms of our al

press conference yesterday, belichick seemed to allude to a lot of issues that need to be addressed. one report that's been out there is the ravens john colts and said we think this is happening. what you're saying there it would make sense to me if the colts had some kind of heads up and they told their players and said listen if you get one of those balls, bring it over here. here is the side judge, he picks the ball up every play. he can't tell the difference. >> this is the thing that we should really look at is because espn has their sports science department. they ran a special and pulled it because they showed that a deflated ball actually performs less effectively than one of regulation. and they pulled it off, obviously because they have their narrative that they want to continue to keep the news running on this. >> i mean that's the thing i keep coming back to. i'm trying to figure out the mechanics of this. if the balls werepproved by the ref, and somewhere between that and the game that the balls were deflated -- tfrnlgt doesn'tse >> it doesn't work. >> even if it was down a pound or two in terms of the impact of the game,

alluded to it. it plays toward the the end of film over the credits. it captures the spirit of the movement and the time. as you said johni felt like at the end of the movie, we needed something powerful and inspiring and majestic. also a bit optimistic. also acknowledging what is happening right now. everything is not perfect right now. we have a long way to go. i think common's lyrics capture that perfectly. he talked about what happened 50 years ago but what is happening in america right now. this song looks back at the film but inspires young people that want to create change right now. >> divine timing. >> and your mama and daughter like it too? >> yes. >> that helps. >> she said it gave her chills. >> i'll let you move on to the microphone. "selma" is in theaters friday. "glory" is available for download right now. common and john legend. ♪ one day when the glory comes it will be ours it will be ours ♪ ♪ oh one day when the war is won we will be sure we will be sure ♪ ♪ oh glory glory glory oh glory glory ♪ ♪ hands to the heavens no man no weapon formed against just glor us are december tin every day women and men

with house speaker john boehner which almost has turned this tussle into yet another fight within the house gop. i think as we learn more about exactly what happened and as matt also alluded speak at this conference like he initially acknowledged. i think there's still more we need to learn before we'll figure out how this is going to end. >>p anxious to hear what john boehner is going to say. kacie hunt and matt lewis, we thank you both for being with us. >>> still ahead, after a positive year for wall street what will 2015 bring? cnbc's sara eisen joins us next. plus beefing up security around queen elizabeth. it's not just at buckingham palace. we'll have the very latest on the threat against the royal family. when you don't get enough sleep... and your body aches... you're not yourself. tylenol ® pm relieves pain and helps you fall fast asleep and stay asleep. we give you a better night. you're a better you all day. tylenol® >>> welcome back everyone. the new year will bring fatter paychecks to 3 million workers throughout the country. laws increasing the minimum wage have now gone into effect in 20 states and the district of columbia. at the start of 2015 a slew of o