on top of that, there is a $10 credit on the cost of medallion down payment. in addition, we are providing free ramp taxi training classes, and we had it from -- i believe march until the end of june and we have extended it to the end of july. we also noted that there are challenges in the outlying neighborhoods for people to get taxi pickups. so we have an incentive for every two paratransit wheelchair pickups, the ramp traxi driver gets a free, go to the head of the line pass at the airport. this has a tremendous economic value for our drivers, who can get in and out of the airport fast and they will do the two pickups. that has been working well. let me just give you some numbers here. so from -- we have had these new incentives in place since december of last year, and at this point 122 drivers have earn a total of almost $3500 worth of incentives in that short time. in terms of the credits towards their medallion down payment, 36 drivers have earned a total of almost $28,000. so that is real value for our drivers. we've given out 270 airport short-passes

and so most cities maintain a medallion system for the reasons that i mentioned. and so what should the cpuc do? as i mentioned, i think that one of the most important things that we should ask for is local control over some of these operations, most particularly the numbers. in order to maintain control of our streets, what is the supply? what is the demand? how much room on our limited roadway do we have for this particular form of transportation? if you pour too many of these things on the streets, you find all of the bad aspects that we have basis point been trying to manage for to make our transportation system work. you have double-park and more cars on the streets, adding to congestion and you are are slowing down the transit system for everybody on the transit system. so it's just not whether or not taxi drivers are making enough money? although, it's an important consideration and let's not forget that taxi drivers live in our city, too, and they are economic participates -- participants in our city and the consequences of them out of work is important to

on top of that, there is a $10 credit on the cost of medallion down payment. in addition, we are providing free ramp taxi training classes, and we had it from -- i believe march until the end of june and we have extended it to the end of july. we also noted that there are challenges in the outlying neighborhoods for people to get taxi pickups. so we have an incentive for every two paratransit wheelchair pickups, the ramp traxi driver gets a free, go to the head of the line pass at the airport. this has a tremendous economic value for our drivers, who can get in and out of the airport fast and they will do the two pickups.

what about shorting the medallion financial corporation?at's one way to do it, and it's obviously a thin stock. you have to pay 7% to short it. so, it's a tough play, but that's a company that's definitely going to get disrupted. and the reason is because they basically give out the loans to the people who buy the medallions. and as uber disrupts more and more taxi companies in each city, you're going to have less people buying medallions, and therefore, the company's going to do worse. >> it makes logical sense, and it's lost about a third of its value since november, i believe. leigh, i hate to do this, but we have breaking news mary thompson. >> mandy, new york attorney general eric schneiderman is going to be filing suit against barclays, this according to someone familiar with the situation. he is going to be holding a press conference on this at 4:00 eastern. we will bring you the details. but the suit alleges that barclays dark pools engaged in deceptive practices, fraud, misleading investors and false advertising. the person close t

if you're a driver, you can rent out the medallion cab for $115 per 12-hour shift. what about the fares? uber pricing is based on demand, but both offer flat fares from manhattan to jfk airport. uber charges $65 including tip. after a generous 20% tip, yellow cabs come out to $63. so that's actually a $2 savings for the yellow cabs, tyler. >> you say they were incensed. i've never known a cabdriver to be incensed, right? >> never, no. >> it is a real debate. there are justifiable reasons that a lot of the cab drivers are incensed, because they have to go through all of this to do what the uber drivers apparently in many locales haven't had to do so far. >> a flat fare to an airport ubs for example, they'll actually be making less money. >> thank you very much, morgan. >>> the dow down about 1 his points. let's go to dominic for a quick market flash. >> check out what's happening with sin nappics, this after confirming it had agreed to buy renasys which provides display chips for apple iphone. it also raised the current quarter forecast, the shares are up 20% just of

the medallion goes to the morning news which is george stephanopoulos. >> when you and your generation anchors became anchors, peter jennings had been in london, you covered the white house, tom brokaw covered the white house and had been the anchor of the "today" show. you were at "60 minutes." there was a tradition, a progression till you got to the evening news. why is it -- why is it different now? and should it be different now? >> well, it certainly is different now, and i think the reason it's different now is because the leadership of all of the major networks has changed, not only changed in names and faces but changed in attitude. the idea of news being a public service has gone almost completely out of it. the idea that our number one objective for any network said the network executives of not too long ago, we want quality news of integrity. if we can make money, that's fine, the rating, we'd like to do that, but that's not our main purpose. >> let's talk about the morning news shows and their rising importance. they were in your day perhaps thought of as something the farm

. >> so i wanted to go with something that is gold, and a medallion, like a coin. >> those attending decided festivities would include san francisco and the south bay. >> we can't be beat on anything that we do. >> unveiling that opened with a soccer game less than two months from now. there is more good news the committee raised more than $30 million last year when winning the by the for super bowl 50. >> i am pleased to announce we have secured $40 million in funding and commitments. >> mayor ed lee expects the pot to keep growing. >> it just gets bigger. >> 25% of the money will go towards charity. >> this will go a long way for fulfilling our goal to be the most-giving super bowl, ever. >> 49ers can bring people together. and opportunity to raise money for the good of the community. that is a special thing. we asked people what they thought of it. >> i like it. contains the bridge. i love the bridge. >> football represents the bay area. >> to you like this? >> yes. >> there is a battle taking shape over letting dogs run free at places like baker beach. it's pitting local politici

they were medallions to mike carey holy cards with images of saints, and those are there companions. we went under trellis of freeways throughout the border where they have engraved. >> did you personally sneak across the border? >> no, i did not. >> you would walk along? >> yes. >> camps were i have seen the artifacts from objects, possessions they are forced to leave. >> on the mexican side. >> on the mexican side. you see a lot of crosses. there are told they cannot bring anything with them at that last stage. >> what is left? >> the promise, if i make it, in return i promise to offer something to god or to my religious icon. and that is expressed in numerous ways. it is expressed upon arrival by going to the closest church you could point. the nomination does not matter. it could be -- the extreme case in returning home to provide things at some point. the first place and migrant would come and often make that journey with out papers as well, to go back and give thanks. it may be by sending tied to your church at home. in some of beautiful cases it involved mother's lighting cand

to the terraces to add more planters, remove the stairs and add natural stone capers, low-relief medallions designed with chinese iconography have been handed to the 3rd, 4th and 5th and sixth floors t stair glazing on the north elevation has been revised to create silkscreening, historic images of the older hospital, a red color was added to the window frames on all of the upper floors. james alley has been enhanced to include paving bicycle rails and seeding, additional lighting has been incorporated to allow use of the alley, the east elevation, an art mural has been elevated covering the entire wall, the mural will mask and cover all doors and louvers. the permit for construction are reviewed by the office of statewide health planing and development and do not require planning or building department approval. the existing medical administration building has been demolished and the new hospital building is under construction. i would like the introduce linda shoe smacker from xhien naoez hospital who will make an introduction and we have members from chinese hospital's design team who wi

floors and the scale of the alley around, so i think it's all in all very positive, adding the medallions and the three dimensional work gives the building a lot more liveliness in addition to the color which president wu mentioned i think, it has come a long way and i'm commending the department having spent the time to work with the refinements on this building. >> commissioner antonini? >> are there any plans to do anything with i guess it's the existing hospital next door which it says chinese hospital on it and try to bring that -- it's rather the exterior of that is sort of buoyant and to see if it can be improved to fit in bet were the new hospital? >> there are some plans for additional signage that were part of the conditional use approval, and we will be looking at any other modifications to be made to that building in 2017. so, after the new hospital is completed, then we'll be looking at work in that current hospital building. >> thank you, i would encourage you to do whatever you can with this one so it can work out better with the new one. >> absolutely. >> thank you for the

york, where there are individuals who pay upwards of a million dollars -- >> and the fact that the medallionworth so much implies you are not at market equilibrium. you are buying the right into some oligopoly that is protected. at the municipal level, it's really easy to see, the citizens can have their voices heard. that is originally what happened in washington, d.c. with over -- uber. that is harder on a national level. customers that love aereo cannot really get their voice heard in a quick way against congress or the senate. >> thank you very much. paul kedrosky, i do listen to you. [laughter] thank you very much. >> i know. >> coming up, new smart watches, all kinds of stuff. report from google i/o coming up next. ♪ is 26 minutes after the hour. bloomberg tv is on the markets. i'm julie hyman. take a look at where stocks are trading today. we see a little bit of a rally overall for markets today. a look at some individual stocks as well. general mills is one. the results still missed analysts's demise. the company said it started a review of its north american manufacturing and distri

i have earned over 50,000 delta sky miles, making me a silver medallion member and i received a freereaction there. the cut away. thanks for inviting us into your home tonight from chicago. we're on the road this week. that's it for this "special report." fair, balanced and unafraid. sorry no online show tonight. a lot going on. greta goes "on the record" right now. sergeant bergdahl hero or deserter. meet the taliban 5. should would he be worried? >> i wish they would have died in jail. >> susan rice did it again. the white house scrambling to fix new talking point problem. >> he served the united states with honor and distinction. >> "on the record" investigates tonight. the video everyone is talking about. we can't keep our eyes off it the taliban rehe ising the first video a propaganda video of the moment they handed over sergeant bowe bergdahl dal. you see him blinking. almost as if he were unblindfolded. taliban moves him across the fieldwh

most american inmates are not allowed to bring personal items beyond wedding bands or religious medallionsith them, israeli inmates pack their bags before coming to prison. >> translator: you bring everything with you when you turn yourself in, clothing, shoes, electrical appliances, cigarettes, hot plate, coffee, everything. you're allowed to bring everything. >> and for this man, who is serving 19 years for murder, the comforts of home go beyond material possessions. he shares his cell with three cousins and two brothers-in-law. and has other family living on the cell block, as well. >> translator: there are almost 20 of us here. it's normal. there is no problem with this. >> translator: there is no policy here that family members won't be together or that all the family members will be together so long as it doesn't threaten the order and the rules, it could be that we'll let members of the same family serve time in the same cell block, sometimes even in the same cell, if we feel it contributes to the inmate's security and to our security. >> translator: you feel like you're at home. he

a medallion. they don't like you. angry. >> they are but what we provide is a completely different model a taxi cannot support. they don't have the understanding of where you're going you're who could be paired with your ride and just like uber with one driver one passenger ours is a true bride's chair to bring multiple parties together you cannot get that with any other platform so i expect less resistance on that front. >> what kind of money have you raised and the uc dollar signs when has a $17 billion valuation of it went public? mcfadyen is crazy we have been hustling and what we have so far from some great to investors in the valley and abroad so we are excited with the teams that we have and we're ready to get bigger. liz: watch out for hitch. >> good luck to you. >>. >> now with the current generation as well as thousands of other vehicles if your car could be on the recall list. it looks like us fighter jet but it is a difference if supersonic defense. -- yvette. ♪ we asked people a question, how much money d

how much does an medallion cost in new york city? seven figures.now we are not using government regulation, but we know how bureaucratic it is go. >> there is management and stuff. charles: google ventures, these are pretty smart people throwing big-time cash, are you kidding me? >> people are doing this stuff because it is not only convenient, but people need the money that are doing it. people are making money on that. charles: 37 non-pc corrects jokes running through my mind. >> it comes to valuations, i agree with you, tracy. it is only worth what somebody is willing to pay for it. when it becomes public, left the market figure it out. charles: i would say it may not be worth it because the competition. i don't see it is that hard to compete with uber. let's pause and discuss the playbook. tons of messages over the weekend, you want to get involved in the market but the basic terms are messing you up. let's talk about a few right now. let's talk about options, really generic definitions but options are contract that give the option to sell unde

medallion was created in 1949. >> this is very much like the award that we have today only in 1967 wehe tony awards are given out by american theater and broadway league. charlotte is in charge of the league. >> i think the 1967 is an important reason to talk about. ♪ because that was the first year we were sell advised. >> "cabaret." >> you got it. it was something to hold where you were accepting your award on tv. >> it's on tv tony as have become spectacle names big beyond broadway. like sting is is singing for a musical he wrote. neil patrick harris is another big name he's not hosting, he's nominated this year for his gender bending performance in "headwig and the angry inch." >> the opening number last your was fantastic, let's see what hugh jackman can beat that. >> when i talked to neil patrick harris he threw down the gauntlet. >> yeah. i always felt he went understated on the opening go back to last your, yeah, i got to tell you, i'm so tempted in a jokey way to throw down except i know i'll lose in every way. it could be career suicide and yet it's a great honor. >> the hos

. >> bizarrely, medallion prices have gone up.ange about this, in a free market, you would think the medalli daliaal -- medallio should have come down. the prices have maintained if not gone up. >> they will fight back. this whole cab thing, if you try and get a cab a lot of times in new york if it's raining or something, if you're you're at madison square garden, you can't get them. these medallions, there's a lot of people who would love to be cab drivers to satisfy the demand. same with airbnb. the hotel people don't want that the happening either. it's illegal in new york to rent it out. >> the states will get much more involved as are the local yunus pa -- municipalities. it's a big source of income, taxes. >> taxes, too. >> they're enabled by local governments. >> in paris now, which are where some of the protests will take place, you can't get an uber that -- they have literally made the technology so you can't get the car to come for 15 minutes. if you want to get a car immediately, that's a taxi. if you want to get an ube

. >> maybe if you have a medallion and you have paid money for it, you are able to do certain thingsft may not be able to do. maybe you can sit at the airport parking lot waiting for a ride. go to a hotel. be hailed on the street without the application. maybe those are things we can do here. level the playing field. at the end of the day it's up to the customer to decide what level of service they want. how much they want to pay. if they are willing to pay more then fine. they should have the choice. here they don't have the choice. as the mayor, i have to uphold the law. that's the law we have now. it ee's kuwaited and we need to make changes. >> mayor carlos giminez, thank you. >> thank you very much. >> coming up, a micro home experience. really micro. talk to the professor living in a dumpster. that one. yes, a dumpster for one year. it's part of the plan to create the most high tech sustainable micro living space in the world. it's today's big idea. i'm l-i-s-a and i have copd, but i don't want my breathing problems to get in the way of hosting my book club. that's why i asked

. >> taxi operators pay upwards of $1 million for a medallion to operate in some cities. is a taxi. >> it's an atrocity. i think that they're very brazen to be operating against the law. >> i think the question that consumers are asking in these cities across the country is who are these enforcement actions serving? >> well here in miami/dade county, the county mayor says he'd like to try to figure out a way to make the apps legal. in houston where they're having the same debate, they're going to vote next month on whether to allow them or not. of course, matt, as you know in new york there was a very loud contentious debate before the apps went live. >> a lot of people are banking on them being legal. because didn't they just value uber at something like $18 million. >> you can't find a cab around here, that's what you do. it happens often. >> kerry sanders, kerry, thank you very much. >>> let's check the weather now from mr. roker. >> announcer: today's weather is brought to you by the new windows, one experience for everything in your life. >>> well as we take a look o

. >> taxi operators pay up to $1,000 for a medallion to operate in some cities.an attackscy. >> it's an atrocity. >> i think the question that the consumers are asking is who are these enforcement actions service. >> reporter: well, here in miami-dade county, the county mayor says he'd like to figure out a way to make these apps legal. in houston where they're having the same debate, they're going to vote next month on whether to allow them or not. and as you know, in new york there was a loud debate before those apps went live. >> well a lot of people are banking on them being legal but didn't they value uber at $18 million. >> when you can't find a cab around here, that's what you do. happens often. >> let's get a check of the weather now from mr. roker. >>> well as we take a look outside our window, we've got some cooler weather to talk about. but adds you look here in the west, that ridge of high pressure has been holding strong and so temperatures continue to stay way above normal. palm springs at 105, phoenix 108, boise at 91. minneapolis, you're only going