all the swiss make 80 percent of their watch sales to the chinese but tourists or 30 manager or as kessler is taking a calm approach you see so every crisis there's also an opportunity right now the chinese are coming i'm convinced the coronavirus is media hype it'll soon die down through i'm convinced it will all be over in a couple of weeks or so why would you can just a question of marketing then meaning that even if the coronavirus has led to a cooling of tourism relations the chinese love of switzerland won't be affected in the long term. frankfurt is another hub for chinese tourists let's pull in our financial guy conrad said is this a blip for the global tourists or will it be something bigger you reckon. if this is a blip and it's got to be a costly one many people here in europe are not as cool about the risk as the swiss guy we just saw in this news report i found a number from italy the country reckons that this year it will have $5000000000.00 euros less income due to tourists not travelling to italy because of the coronavirus italy is the favorite travel destination for chines

thank you, inspector kessler. is there any public comment? seeing no public comment, commissioners, any questions? >> i've got one. >> yes. >> mr. kessler, based on the extended timeline, when do you anticipate issuing n.o.v.s? >> the last compliance would be september 21, 2021, where we'd go into, you know, code enforcement, where we start writing n.o.v.s, okay? so we're trying to drive that number down. we don't want to go into code enforcement actions on this: the purpose of the ordinance was to let people know of their responsibilities under the americans with disability act and the california building code and to make san francisco more accessible. the ordinance wasn't coordinated to enforcement actions. >> commissioner, i have a question. >> yeah. >> so let's just say september comes around. they don't comply, and you start issuing n.o.v.s, so they start accruing penalties. are there remedies for these mom and pop small businesses that might have to go through some -- to comply? >> yeah. there are resources through the office of small b

speerking about the secondhand market, don't miss aaron kessler who has the bullish call on the real reel and we'll talk about that next up, going to talk fitbit. we are changing topics cnbc.com reporting spacex is looking to raise capital to launch sky high. welcome, sir what really caught our eye about the story is how much will spacex be worth now? >> $36 billion. >> wow wow. this is a big piece of tesla. >> it is not those are separate entities. i believe some shares intermixed elon musk keeps them separate. >> this is going to tap the markets or raised the capital? >> they're going out and raising $250 million right now not expected to close until the second week of march according to sources i spoke but this is a continuation they raise $1.33 billion last year across 3 rounds with semiregular l semiregularity. >> why do they need that -- elon musk made so much on tesla. >> sell more tesla stock. >> the percentage. not like we raise $10 billion. but a quarter billion. seems so small. >> true. >> right >> it is small and typically the rounds are in the hundreds of millions of dol

what to make of this i got off the phone with aaron ke kessler. he noted besides revenue, operating at $9.3 billion did miss his forecast. i asked him about the new disclosures. he actually thought youtube ad numbers were higher than reported and finally, cloud, again that $10 billion run rate, they broke out $2.6 billion for the most recent quarter that disclosure, those numbers not a big surprise in his opinion. of course google's rivals, amazon, microsoft, reporting strong cloud numbers themselves. >> josh, be sure to flag us for anything you hear that's interesting, newsworthy or stock moving on the call guy, this is a company you can be disappointed with the revenue gross, i guess their quarterly revenue last quarter was greater than their annual revenue a decade ago. >> people are looking at the revenue number, i get it the stock had a huge run probably for good reason so just take that broader revenue number aside youtube ads were you up 30% i think year over year, and google cloud, probably 5% of the overall revenue is up probably 55% year

company has been fighting changes to fight back against fakes on the website joining us is aaron kesslersenior vice president of equity research at raymond james. why are you so positive on the realreal now. >> trends have been positive since the ipo. you've seen gmv growth 40% plus. nice improvements in operating 15 points of operating leverage improvement last quarter and at the time of the ipo, we thought the stock was. it's been down b about 30%, but we think around four times enterprise value to gross profit multiple, below the industry marketplace averager on five times. we think it has come down at a point where we could start buying at these levels we think valuation is comeing about 30%! the stock's around 16.50 right now. the average price is 25. you're at 21 that's a decent amount of upside, but how big can this company get? how profitable do you think over time >> still a long run when we look at the resale markets. real just getting started. if you look at the size of the luxury market, you have roughly 90 billion per year sold in the u.s. there's been a study, about $200 bi

jim kessler, senior vice president for policy, co-founder of third way, former congressman from florida, carlos curbelo. take us to nevada. how big a keconcern is the cauc process. if this goes down like iowa, that's disaster for democrats. >> yes. being out there on the first day of early voting saturday, iowa is definitely huge on minds of volunteers trying to make things work. you saw people do meticulous, there's a two step process with ipads, also a huge paper trail going on. i think people are being careful. unfortunately that slowed things down quite a bit. lines two to three or more hours long, folks try to get through the meticulous process with lots of redundancies. >> congressman, after what we saw in iowa, how much does the democratic party need this to go smoothly? >> the concept of caucuses is quaint, there's tradition associated with it, honestly, shouldn't be this difficult to vote in the year 2020. i come from a state in florida, people say we invented, all the problems with the hanging chads, but we've gotten our act together, people know what to expect, know their vot

. >> noreen kessler: and you just see a whole new person, a whole new beginning.n't think of another word but phenomenal.

dom's hosting the pepperdine waves at the health top 20 seconds left in the game tied at 56 fifita kessler edwards, edwards lays it in pepperdine up to but usf were tied up to send it into overtime in extras. it was jim colwell who would common cloche and rolls it to put up the dogs by 2 and that's how they ended folks usf defeats pepperdine 30 63 to 61 your final that's in overtime. they host the portland pilots on thursday. and the cow golden bears are in washington taking on the huskies will go to the 2nd half washington leading by 30. as carter from behind the arc and next with the triple he leaves the huskies with 16 points, washington rolls 87 to 52 your final cow will host the 18th ranked. i on thursday as that is your look at sports. coming up here on kron 4 news at. it we still have a lot of other highlights to get to but we want to talk about this. >>a bow tie that is going to be the ups and downs of frequent mood swings can plunge you into deep, depressive lows. (crying) take you to uncontrollable highs. (muffled arguing) or, make you feel both at once. overwhelmed by bipolar i

on the top line as analysts think ad spending stayed strong in the quarter checked in with aaron kessler-of-raymondames also closely watches google properties the company bread and butter, the company it owns and operate, search, youtube. wants to sees 3ds 2 billion in the quarter, jump of 19% back to you. >> josh, thank you >>> alphabet had a good run, charlie. you insinuated, looks a little expensive? >> yeah. this ties to what we talked about earlier. ftc and antitrust and some of the political issues going on right now. there aren't a lot of things republicans and democrats ay glee on. do agree big tech is too big with too much power. i think that a more aggressive ftc even under the trump administration will take a hard look at a couple big tech names and i think this name would be on the short list. >> i guess the market kind of moved on from that. >> absolutely. >> that worry. mike has more on market internals. >> kind of indecisive, actually. look at market breadth, up versus down volume to the positive side not in a dramatic way at all considers wr she very, very lopsided for days to end l

a powerful and successful development in jewish/muslim relations came when the scholar kessler appointed the founder and director for the first center for the study of muslim/jewish relations at cambridge. dr. houthi, with a ph.d. from cambridge university, played a significant role in building bridges and, therefore, checking anti-semitism by involving women and their families. first time ever it was happening on the ground level. so what are the lessons that i learned? i want to briefly give a few points and hopefully they will give us ideas of how to move ahead. after decades of dealing with the subject, here are the lessons i learned. the first lesson was that anti-semitism is born of bigotry. bigotry comes from lack of knowledge. lack of understanding. very often, people who are anti-semitic they may have ideological reasons, ethnic reasons, political reasons, but to me, in the field i found most of them were coming from a sense of no knowledge. lack knowledge. that allowed all kinds of stereotypes and tropes to enter their vision of the jewish community. so i think it's vital that

and in her opinion, judge kessler found in favor of the united states department of justice. indeed, she found the tobacco company's fraudulent p.r. campaigns to have amounted to racketeering. it was a civil racketeering lawsuit. she found that the tobacco industry -- and i'll quote her decision here. quote, the tobacco industry coordinated significant aspects of their public relations, scientific, legal, and marketing activity in furtherance of a shared objective to maximize industry profits by preserving and expanding the market for cigarettes through a scheme to deceive the public, end quote. so swap out cigarettes and plug in fossil fuel and you've described exactly what big oil companies do -- coordinate their public relations scientific, legal, and marketing activity in furtherance of a shared objective to maximize industry profits by preserving and expanding the market for fuel through a scheme to deceive the public. what the fossil fuel industry is doing is precisely the conduct that was racketeering activity when done by the tobacco industry. but don't expect bill ba