recommend them and th team of engineers and consultants who worked to ■j our construction manager andy larssonmy are here. they helped so much with permitting and also just great people to work with. and last but not least, people who are not here, our financial attorney california housing ■wrtrship [indiscernible] they are behind the scenes and unsung heroes of e ■ building affordable housing in the bay area. ment with that, i'll turn it over to supervisor matt dorsey. [applause] it is a honor to reent district 6. this is a neighborhood where the something that is a blue print what san francisco will a lot like in the years to come and now we have a housing eme aronthwe made a commitment we will pruhousing over the next housing element cycle, and this is an example of the kind of housing we need.an honor torupt rea district 21 century urbanism could be. there is a lot to thank and dont want geand there is one person i want to thank, mayor l bringing to housing inx+ two years ago i joined the board or little over 2 years and elected november election but there was a early ecti of 1 mayor breed

our construction manager andy larsson isn't here today. bruce and amy are here. with permitting and with.ju' and last but not least, people who are not here, consultants attorney california in partnership [indiscernible] they are behind the scenes unsung heroes of the work of building affordable housing in the bay area. ment with atit over to supervisor matt dorsey. [applause] >> thank you so much. it is a honor to represent district 6. this is a neighborhood where the we are building is really something that is a blue print wh francisco will look a lot like in the years to come and now we have housing element where we are on the hook and we made a commitment we will produce 82 thousand units of housing over the next g e ment cycle, and this is an we need.of the kind of housing it is an honor torupt represent a district 21 century urbanism could be. there is a lot to thank and dont want to get in the list and there is one person i want to thank, mayor london breed to the leadership she is bringing to housing in the city. two years ago i joined the board or little

our construction manager andy larsson isn't here today. bruce and amy are here.o much with permitting and also just great people to work with. and last but not least, people who are not here, our financial consultants attorney california housing partnership [indiscernible] they are behind the scenes and unsung heroes of the work of affordable housing in the bay area. ment with that, i'll turn it over to supervisor matt dorsey. [applause] >> thank you it is a honor to represent district 6.where the housing we are building is is a blue print what san francisco will look a lot like in the years to come and now we have a housing element where we are on the hook and we a commitment we will produce 82 thousand units of housing over the next housing element cycle, and this is an example of the kind of housing we need. jf torupt represent a 21 century nism could be. there is a lot to thank and dont want to get in the list and there is one person i want to thank, mayor london breed to the leadership she is bringing to housing in the city. joined the board or little over 2

. >> this is stefan larsson, who's very good, but it's not m mami tirico who would come on "mad moneyand say it's been a tough one. going back over to anf, i want to -- europe is 16%. america is 23%. this is for sales. could they be worried about that, plus three? here's what i like, which is why i don't like to bet against it. we have gross margins up 240 bips. operating margin up 590 bips. you don't mess with a company that has that kind of gross margins. they're looking at q2 year over year. q2 last year was $731 million. now it's $921 million. the stock is heavily shorted. people want it lower. i'm not going to get in front of a freight train because i'm not playing the movie "the fugitive." >> let's finish this off by talking a little foot locker. we can get to bath & bodyworks if you want. these are tiny companies. $2.6 billion market value. >> i spent an hour and a half on them. >> you shouldn't. it's a waste of your time. >> mary dillon, who turned around ulta, goes to foot locker. the turnaround plan is in place. listen to me. the gross margins are good, comp store is better,