thank you, mr. evans so mr. clerk call item one >> an ordnance levying the property tax on each one hundred dlrsz of taxable money for the city college and the bay area rapid transit district and a pass through rate ever point zero 5 zero for residential tenants for chapter code for fiscal year 2015. >> thank you jamie from our controller's office i know we have one technical amendment that has been passed around. >> good morning. i'm the property tax budget guy. this is the assessment of the property tax for the city and county the base rate t is set by the state constitution the amount above the property tax rate above one percent is determined by how many money is voter approved bonds we're proposing amendments to the amendment that will lower the property tax slightly. bart has a general obligation bond in the property tax rate they don't approve that rate until mid-august the factor was 7 and a half cents of the assess value and the figure was four and a half cents down to 1.473 percent. i have an overhead

it wasn't until mr. evan spoke this morning that the market took it on a chin and when you saw the dove turn hawk, when he was forced into a corner, that's when we see the onward pressure. we hit the number, 1964 level, as you heard from art cashin last week on the podium, bounced off that number and ricocheted, led by the high p/e numbers, the semiconductor stocks, all helped lead the charge, but the fact of the matter is until the buy the dip mentality is proven wrong that is not a trend you want to get in front of. we're going to let them drop where it feels they run out of steam to the downside and people will step in to buy the dip. that trade has not failed yet. >> hasn't failed. people grow nervous. you have s&p puts. >> yeah. >> you become more nervous on the market and ben willis makes a great point. >> buy the dip has not proven to be a bad strategy yet. >> not proven to be a bad strategy over the last four to five years. but there are trades and investments and the market likes to see in terms of a

mr. evan -- mr. abbott has a party was platform calls for the .ppeal of the voting rights act let's be clear what it is about -- it is about repressing the minority vote. courtbott is defending in a voter id law that has the purpose of that outcome. -- by tearing communities apart from each other, tearing minority voters across them each other, to suppress or voices at the ballot box. concludes this historic debate at the rio grande valley. now it is time for the closing statements. you will each have two and its. >> a dear friend of mine has a grandmother who gave her the advice -- when someone shows you who they are, believe them. i have shown texans who i am. i showed it when i stood and fought against $5.4 billion in cuts to our public schools because that is not just bad for our children, it is bad for our future. i have shown up by fighting for every four-year-old to have access to full-day pre-k to get off to a strong start and every high school student to have affordable access to college. i

mr. evans's comments, he's a voting member on the fomc next year. we are almost through the year of the hawk versus the dove because dallas fed president fisher and placer from switzerland will be leaving. mid-year 2015 interest rates hikes will be slow and steady, and you will have dissenting opinions, doves dissenting with other doves about the pace and the level of the interest rates. that's giving a look to the market. overall, liz, i would say i can make a bull case or a bear case for pulling back some, i don't think we're going to get new highs or 10% correction in the offing any time soon until we get through the middle or late october. liz: i'm surprised you're saying that about new highs, looks and feels like we might. you could be right. everybody stay tuned to chris later on in the show, put aside september, it's novand december, you have to what are he has to say. alan, right in front of me, big tech looks unbelievably healthy. financial services all green, industrials, except for ge pretty much all green and the consumer names, this is

we were 254 prior to mr. evans' comments. still at 2.54. let me show you a couple of market things. the ipo today, citizens's financial is priced at 2150 and opened at 2150. also we're seeing oil stocks, again, notably weak today. a two-year low. back to you. >> bob, thank you very much. we'll check in with you again in a little bit. bob mentioned citizens. it's not the ipo today. dominic chu is at the flash desk. >> discount food retailer smart and final stores is holding off after surging as much as 11 percent this morning. med lef management down ten percent almost. finally, this is the standout. cyber arc software is soaring nearly 50% as investors look for a piece of that hot business. tune in today to the "closing bell" 3:00 p.m. eastern time when the cast of the "closing bell" will interview the ceo of cyber arc. again, "closing bell" today. back to you, sue. >> dom, thank you very much. breaking news in the bond market, the five-year note went off the board. rick is tracking the action. how did we do? >> this is a c-minus. i probably should have given it a d-plus. we need to

mr. evan -- mr. abbott has a party was platform calls for the .ppeal of the voting rights act let's be clear what it is about -- it is about repressing the minority vote. courtbott is defending in a voter id law that has the purpose of that outcome. -- by tearing communities apart from each other, tearing minority voters across them each other, to suppress or voices at the ballot box. concludes this historic debate at the rio grande valley. now it is time for the closing statements. you will each have two and its. >> a dear friend of mine has a grandmother who gave her the advice -- when someone shows you who they are, believe them. i have shown texans who i am. i showed it when i stood and fought against $5.4 billion in cuts to our public schools because that is not just bad for our children, it is bad for our future. i have shown up by fighting for every four-year-old to have access to full-day pre-k to get off to a strong start and every high school student to have affordable access to college. i

. >> can i make a point on what mr. evans said? at inflation sensitive market price indicators which is always been my discipline talking before, gold is down. the dollar is up. commodity indexes soft. okay? look at the break even spreads in the tips market. >> we have been saying this all week. they're lower by some measures today than at any other point with the fed embarking on quantitative easing. is there a deflation problem that's percolating? >> i think it's price stability and some respects the fed should pack up and go home. they've done a hell of a job. they are going to normalize next year and i think slow. i think it will be very cautious. what would be better? what would be better? if the fed is less accommodative, give me an expansi expansionary policy in the form of a tax cut. >> what about the deficit, larry? >> we'll grow our way out of the debt. >> all right, all right. we will see. thanks, everybody, for being here this afternoon. stick around for guy coming up with the "fast money" crew at 5:00 talking to a top

and we'll be watching to see what mr. evansays later. >>> coming up, the new rich on the forbes 400 richest list. >>> plus, the shockwaves going through pimco and the entire global bond market. could any of us do anything to royal the entire world? >> you royal the world every day, joe. >> i know. i don't want to do any more royaling. after the bill gross departure, "squawk box" will return in just a moment. that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or mu

member of the committee clerk oh, also joined by schmeer the clerk is derrick evans and covering the meeting jennifer lowe mr. clerk any announcements please be advised the ringing of and use of cell phones, all the speaker cards should be submitted to the clerk today is a historic day in san francisco we have a hearing today to discuss how san francisco, california continue to play the role of being a leader and how we treat aids i hiv fact is the hiv aids movement started in san francisco as we phase the possibilities with this new drug it makes sense that san francisco about take the first step in getting to a point where almost eradicating aids in san francisco it was approved by the fda a couple of years ago and yet even though in san francisco we have made a great deal of process in 2013 there were 3 hundred and 32 hiv infections. >> i'm sorry we need to call the first item. >> item one is a hearing on the aide aids precipitation question have 20133 hundred and 32 hiv infections we have s had 2 thousand individuals that contracted aids in san francisco prepare and the puss u as you use of preparing can

mr. brands from texas or doug brinkley, evan morris and become as historians and give him advice. it's really been fun to watch and absorb those pass lessons of history. so i think is a person, i have read obviously his autobiography which was extraordinary and i suspect when he writes his own memoir about the something but it will have to be some younger historians looking back 20 years from now i think i will capture him fully. maybe you. >> john is going from san diego. john, you are on the air. cocco good afternoon ms. goodwin. you grew up in brooklyn and you love the brooklyn dodgers that the personality of that whole brooklyn dodger team was the great jackie robinson. i am wondering if you would think of that subject but i think you would be the person to do that. >> no question he was like you are on the brooklyn dodgers. i would like to believe it was because i was a young civil rights advocate but i think it was more when i was five or six years old that he would get on race and steal second and then he would steal third and steal home and completely rattled the other pit

mrs. donnie wahlberg. it is a second marriage for both of them. the only labor day weekend wedding. ashlee simpson married evan ross on sunday night. diana ross, his famous mother, helped to plan the event. off, dwyane wade and gabrielle union tied the knot on saturday. the couple married at a miami area castle with a moat. this is the second marriage for both of them. lot of second marriages. final look atth a the weather, next. >> wrapping up the weather forecast -- let me guess. hot? >> humid? >> [laughter] a big pop-up could be headed our way that is widespread. tomorrow through the afternoon and by midweek the chances for rain decrease, averaging 84. the forecast, tonight at 5:00. rain decrease, averaging 84. the forecast, tonight at 5:00. >> people are checking their and for many, it's a struggle to keep your a1c down. so imagine, what if there was a new class of medicine that works differently to lower blood sugar? imagine, loving your numbers. introducing once-daily invokana®. it's the first of a new kind of prescription medicine that's used along with diet and exercise to lower blood sugar in adults w

mr. neely will help me. >> reporter: phys ed teacher alyssa ripping the fox off of 7-year-old evan, then getting attacked byx herself. >> it was trying to gnaw at his wrists and ankles. i had to pin the fox down to get it away from the students and keep them safe. >> reporter: she noticed a fox sneak around and grab her student. immediately springing into action, wrapping a neck brace around its mouth to prevent it from biting and trapping it under a recycling bin. >> thank you for saving my life. >> reporter: authorities believe the same fox attacked danielle earlier that day. >> almost came in the house. >> reporter: all the victims have been treated for rabies and are expected to make a full recovery. a positive prognosis thanks to a p.e. teacher turned hero. >> i just wanted to keep them safe. die th i do that every day. >> it was heroic. >> you don't take on a rabid fox every day. >> whatever it takes, good job. >>> coming up, alfonso and witney, a big night on "dancing with the stars." but are they the favorites to win it all? >>> and two studies linked pregnant moms to autism, and the five steps to r

evan, if true, if this video actually shows the execution by isis of steven sotloff, how does that change the game? >> well, unfortunately, it's not just the execution of mroff. as awful as that is. the video also apparently threatens now to execute or the group threatened to execute a british national, as well, named in the video. it's important to emphasize the video is not officially been released yet. there's been an announcement by isis suggesting they'll release it and a few copies leaked out but indeed it appears to be legitimate and does appear to come from isis's official media wing. unfortunately, you know, in some ways this is predictable. i think people understood this was coming and tragic nonetheless. >> all right. evan kohlmann, thank you so much. there's a state department briefing in progress. jen psaki is making a statement. let's listen. >> jen, what's the best information regarding sotloff? was he alive as of last week? what was your last information? >> i just don't have any additional information to provide. understand the interest. go ahead. >> you said you've seen reports. does the u.s. government actually have the video in its pos