mr. david goldman and like to call him the chief officer and also always a under your to see nancy she's the legendy former colleague always a colleague in our hearts and mr. goldman can introduce here preference. >> good evening superintendent and mr. walton this is the annual event required under proposition 39 as you may know for a superintendant carranza to pass its own general obligation bond at the 55 percent plus one instead of that 2/3rd's two things have to happen one an appointed independent citizens bond oversight committee whose purpose to make sure that people like me spend all the money the way that good people that wrote the voter languages expects us to and at the same time every single year performed or perform an annual performance and financial audit to essentially certificate those things are happened the auditors did what we are supposed to side they're the same auditor that performed the district regular financial audit and i'm very, very pleased or pleased to announce for the 11 consecutive year no vthz in the audit. >> (clapping.) >> which i think that quite an ama

mr. david goldman and like to call him the chief officer and also always a under your to see nancy she's legendy former colleague always a colleague in our hearts and mr. goldman can introduce here preference. >> good evening superintendent and mr. walton this is the annual event required under proposition 39 as you may know for a superintendant carranza to pass its own general obligation bond at the 55 percent plus one instead of that 2/3rd's two things have to happen one an appointed independent citizens bond oversight committee whose purpose to make sure that people like me spend all the money the way that good people that wrote the voter languages expects us to and at the same time every single year performed or perform an annual performance and financial audit to essentially certificate those things are happened the auditors did what we are supposed to side they're the same auditor that performed the district regular financial audit and i'm very, very pleased or pleased to announce for the 11 consecutive year no vthz in the audit. >> (clapping.) >> which i think that quite an amazing

mr. david goldman and like to call him the chief officer and also always a under your to see nancy she's the legendy former colleague always a colleague in our hearts and mr. goldman can introduce here preference. >> good evening superintendent and mr. walton this is the annual event required under proposition 39 as you may know for a superintendant carranza to pass its own general obligation bond at the 55 percent plus one instead of that 2/3rd's two things have to happen one an appointed independent citizens bond oversight committee whose purpose to make sure that people like me spend all the money the way that good people that wrote the voter languages expects us to and at the same time every single year performed or perform an annual performance and financial audit to essentially certificate those things are happened the auditors did what we are supposed to side they're the same auditor that performed the district regular financial audit and i'm very, very pleased or pleased to announce for the 11 consecutive year no vthz in the audit. >> (clapping.) >> which i think that quite an ama

mr. david goldman and like to call him the chief officer and also always a under your to see nancy she's the legendy former colleague always a colleague in our hearts and mr. goldman can introduce here preference. >> good evening superintendent and mr. walton this is the annual event required under proposition 39 as you may know for a superintendant carranza to pass its own general obligation bond at the 55 percent plus one instead of that 2/3rd's two things have to happen one an appointed independent citizens bond oversight committee whose purpose to make sure that people like me spend all the money the way that good people that wrote the voter languages expects us to and at the same time every single year performed or perform an annual performance and financial audit to essentially certificate those things are happened the auditors did what we are supposed to side they're the same auditor that performed the district regular financial audit and i'm very, very pleased or pleased to announce for the 11 consecutive year no vthz in the audit. >> (clapping.) >> which i think that quite an ama

mr. david goldman and like to call him the chief officer and also always a under your to see nancy she's the legendy former colleague always a colleague in our hearts and mr. goldman can introduce here preference. >> good evening superintendent and mr. walton this is the annual event required under proposition 39 as you may know for a superintendant carranza to pass its own general obligation bond at the 55 percent plus one instead of that 2/3rd's two things have to happen one an appointed independent citizens bond oversight committee whose purpose to make sure that people like me spend all the money the way that good people that wrote the voter languages expects us to and at the same time every single year performed or perform an annual performance and financial audit to essentially certificate those things are happened the auditors did what we are supposed to side they're the same auditor that performed the district regular financial audit and i'm very, very pleased or pleased to announce for the 11 consecutive year no vthz in the audit. >> (clapping.) >> which i think that quite an ama

goldman sachs says don't worry about rising inventories. david? david: back to that letter to president she. sean spicer took to the podium to talk about a letter that mrhas sent to his counterpart in china. president trump stated that he looks forward to working with president shi. we are here with chief economist willem buiter. >> the u.s. and china are the two elephants in the global economy. china is more important to trade and financial transactions. their relationship is essential to global prosperity. if there were a major fallout -- it is a risk -- global recovery would grind to an end. so it is good that 11 days after the chinese new year this letter went out. david: how do the markets track the development of that relationship? candidate trump was posted for us about what he was going to do to china. do we read anything into that? >> absolutely nothing substantive has happened since to call during his candidacy the premiere of taiwan. there has been absolute silence. not even any saber rattling in the background. i expect they are simply thinking about what kind of lateral renegotiations and reciprocity to demand. and by itself, that need not