there will be featuring michael corbett and an author of the negotiated landscape which i sort of gave that title. and one from a number of other folks who are going to be speaking on the black buffalo soldiers of the west coast. there will be 4 films shown. their entitled we're the i w you. the bloody footage showing and there will be foods. there are 56 restaurants on port property i'm hoping you'll get to those. there will be walking tours, biking tours. we hope to see all of you in this room out there enjoying the port you've worked to hard to create and celebrating our heritage. and i'm going to come back with all the people who put this together. we'll do it after april 28th >> is there a url where the public can go to get that agenda and a if you go to the ports website there's a one hundred and 50th sf port.com back slash one 50. we're continuing to work with many partners so it will continue to grow all the way you have u up to the 28th day. you have one more item. this is pretty exciting. today, the captain of the port off the coast grandstand presented a certificate of the m

let's bring in a man who knows, michael corbett, the author of find it, fix it and flip it, a real estate are you? >> i am good. first of all, why are home sales up? what's the reason? i have heard investors are the people buying up the homes, not individual homeowners. >> well, what's going on is actually this new sales report that just has come in is actually for new home sales are actually up 18%. the reason for that is because existing home sales inventories are actually shrinking. there is a lot of foreclosures and short sales in many markets harder to find and also we have historically low interest rates, and a lot of buyers who have been sitting in on the market are kind of pretty much on the sidelines are now jumping back in. what does that really mean for home buyers right now? really, what it is going to tell you is that competition is heating up. you need to become the best buyer you can be. how do you do that? one, you have to get your credit check. two, you have to be able to go ahead and get preapproved for a mortgage. you need to have that extra edge. you want to have 20% d

. >> and michael corbett, new ceo, getting your approval rating? >> thumbs up. >> thumbs up. okay. any disclosures to make? >> i personally own citi and all of the other stocks, including citi. >> thank you so much. diane jaffe. senior portfolio manager at tcw. >> coming up, why using social media to invest could be a risky business. first a look at today's commodities bonds and currencies. >>> universal health services jump more than 3.5%. and did got a shot in the arm after two analysts raised price target for the stocks, uhs, better than expected results late yesterday and the shares up a very healthy 30% year-to-date. joining us now is alan mill, chair and ceo of universal health services. good to have you with us. >> thank you. >> a lot of unknowns in the affordable care act. one of the factors, there will be a lot more patients, customers for you, who have insurance. how much is that going to help your business and affect your bottom line? >> going to help our business tremendously. i think when you talked about the analysts raising our expectations and our price targets, we'

and on sunday, maritime day, michael corbett, author, will be giving a presentation at port 1. they are wonderful partners and we hope to support them in their fund-raiser and soiree. next on the report is something incredible and unique, one port leader, bruce lanham has made a unique gift with the port in honor of its 150 anniversary. bruce you have been with the port 20 years -- 21, i have august of '89. >> there was a break. >> i was thinking august of '89. and i want to say for the public, a pile worker provides a variety of work of pier supports and related substructures. and laying and boring holes and laying timbers and decking and stringers, caps and pilings. and the pile worker is responsible for assisting and moving and rigging the pile driver and truck claim and making minor repairs to the machinery itself. and if you are really good, you actually never fall in the water -- we haven't done that, have we bruce? exactly. twice. forget the name of that very exclusive club, you will have to remind us. >> (inaudible). >> wow, we may have some people that would join you i

. >> michael corbett, ceo, has comments about what's been happening at the firm and larger environmentd from results. sustained momentum in investment banking, continued year over year loans. remains challenging. we are sure to be tested. >> and mail. you have to get mail on the line. >> they didn't go bankrupt but they goat keep all their tax stuff. you're happy about that? >> it's just the way washington works. look, i think the treasury could have done something different with tax assets in a lot of different institutions. fannie, freddie, aig. if you want to get investors to come back, you have to leave it in the bucket. >> what do you think about city and some of the other big bank stocks. >> i think the balance sheet improvement still has to be added. still more to be cut. where does top line growth come from? i scratch my head and don't really know. >> this is the whole sector. there's no visibility. it's partly pause of the fed. partly, frankly because of lack of demand. the banks are stretching to go over your traditional mortgage company. very short duration because of basel

in the meantime, michael corbett presiding over his first meeting as ceo.ayla tausche is at that scene. >> hi, carl. it's a seminole day for a big bank undergoing a major transition. the first time mike corbett will address shareholders en masse. he said we won't veer from our current strategy. our focus is execution. he makes a couple of remarks about the 2012 performance, saying it was offset by some charges for legal and otherwise that unfortunately canceled out that momentum. as for that strategy, he says they're recalibrating and focusing on 150 major cities worldwide and they want to be more international and more urban and they want a greater digital presence for their customers and they're in 80% of those markets. at this event last year, they voted against vikram pandit's pay package. we need to regain trust with shareholders and regulators and he's been meeting with regulators for the last six months and they made it clear that banks don't need to get bigger and that was when the too big to fail bill was coming out. interesting to see what he'll s

here is real estate expert and the author of "find it, fix it, flip it," michael corbett, live in l.a cheaper ultimately to buy than rent, let's start in shaker heights, ohio. suburb of cleveland. what house do you have for us today? >> you know, i found one that's really terrific. it's about $145,000. these four bedrooms, two baths. adorable house.. it was built in 1925. it's actually got a home theater in the basement and a gym on the third floor. it's really a wonderful house. here is the deal, though. yes, as you're saying, it is in many areas, cheaper to buy than to rent. according to trullia's report, this house would actually cost you about $627 a month to purchase. however, to rent a similar house, this is going to cost you about $1,100. ultimately if you're going to hold a house, it's cheaper to buy than rent in this area. >> steve: you could make money. let's go off to memphis, tennessee, one of the prettiest towns. you got a house for $194,000. this is another one of those deals where if you bought it, you could rent it and make some money. >> absolutely. it's about three b