i think as mr. kerns pointed out and kelly pointed out as well, the expertise is not just the consultants that we use and we use consultants on a lot of subjects, in essence to get a permit to drop those anchors just like to get a permit to dredge or to deal with water quality issues, there are bodys that you have to satisfy to get those permits and those experts in this case that kelly alluded to are the people that we are relying on. we're not, you know, pointing to some tremendous tiss. we're not pointing -- treatis. we're not pointing to some piece of people. the people that do this on a daily basis all the day and deal with it in a variety of ways and they have the authority to not grant a permit if their expertise, their experience is not satisfied and that's exactly what we're relying on in addition to any of the specific pieces of evident. but i think earlier there was a response by president chiu. what kind of analysis was done on this side of the bay? >> joy shell working with consultants with t

mr. postman look and see ♪ >>> welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernorld economic forum in davos. what do you have coming up? >> we have a lot of fun coming up. ten minutes david mccormick, co-ceo of bridgewater associates. $120 billion under management and just returned 23% last year. we'll talk about that, what he sees going on in europe, and what he sees for the outlook for 2012 and then in the second half of the 8:00 hour we're going to have yuri milner, largest investor in facebook, the potential facebook ipo and has a big stake in groupon, zynga, twitter, he has his pulse on the new age of social tech and media. we'll bring that throughout the hour. >> thanks. in our headlines some key earnings reports, ford earned 20 cents a share, a nickel below estimates. procter & gamble fiscal second quarter profit of $1.10, two cents above expectations, stock is now almost back to -- cfo jon moeller telling us currency issues represent the company's primary profit headwind for the rest of the year. our top market story a first read on fourth quarter gdp, th