you have exceeded your time. >> mr. stern, do you want to respond to the argument that there are some constitutional problems raised by the candidate control committee. >> clearly there is a constitutional question. there is no question about that. i can't predict what this supreme court would do, but it seems to me there is a major difference between a committee, a ballot measure committee with the berkeley case and the committee controlled by a candidate. it seems to me the court would say there is no difference between the committee control by a candidate that is making expenses to ballot measures or by the candidates behalf. as i say, you can't predict the supreme court. i think the court would uphold it, but there is a constitutional question. >> okay. any other public comment at this point? okay. thank you very much. we appreciate your testimony and we maybe calling you on other matters if we can. >> thank you very much for inviting me to come up here. i really appreciate it. please feel free to call me at any time. i'm

you have exceeded your time. >> mr. stern, do you want to respond to the argument that there are some constitutional problems raised by the candidate control committee. >> clearly there is a constitutional question. there is no question about that. i can't predict what this supreme court would do, but it seems to me there is a major difference between a committee, a ballot measure committee with the berkeley case and the committee controlled by a candidate. it seems to me the court would say there is no difference between the committee control by a candidate that is making expenses to ballot measures or by the candidates behalf. as i say, you can't predict the supreme court. i think the court would uphold it, but there is a constitutional question.

so i support all the things that mr. stern said and i have 30 years experience. >> thank you. >> good afternoon, commissioners, anita mayor from the lawfirm. i would like to make a few comments on controlled contributions for the ballot committees. based on case law, limited contributions of candidate controlled ballot are unconstitutional. the rent control city limits that lenders of contribution to committees for ballot measures violates 1st amendment. in reaching this conclusion, the practice of persons sharing common views abandoning together to achieve a common end is deeply embedded in the american political process. two, the freedom of association is diluted if it does not include the right to pull money through contributions since funds are essential of advocacy to be affected. 3 to place a limit on those wishing to band together wishing their views and while not acting alone is a strain on the rights of the

mr. chairman. i yield back. >> thank you your doctor when stern. >> thank you, mr. chairman. thank you for being here. as we go through all this, i can't help but reflect as one of the couple hundred thousand who served in iraq and solace go on to victory to just have my stomach turn when i think of my friends that were killed in areas that are now under control of isil. today we have also the possibility of a resolution or forward pass for the removal of all u.s. troops from iraq or syria. what do you think the middle east would look like if we did that and what effect would it have on our national security? >> that would be a mistake congressman for obvious reasons. we have national security interests within iraq and we also have united states national security interest in maintaining credible allies in the region and our withdrawal from this issue would challenge and put us at greater risk over time. no question about it. >> i would agree with you on that note. i have a question regarding her humanitarian efforts. obviously those are key components to whatever military mission we are engaged in. is

mr. chairman and commissioners. thank you for the opportunity to be here. i'm here with bob stern. i have been studying campaign finance issue in california since 1994 in my first job out of college. i have done research on public finances system and studied political reform in california and san francisco in particular since becoming a political scientist in san francisco state and ucsf. i cannot offer you a legal perspective but tell you what it says pertaining to campaigns. as you know the court but the appearance of corruption in it's finance ruling. in recent years the court has interpreted corruption to a pretty narrow definition putting on bribes and kwid pro quo which is sufficiently broad to understanding corruption. but nonetheless between direct and indirect speech and therefore regulating contributions to candidates and officials. the logic of contribution san francisco limit to $7500 about it's concern about corruption of the elected official and candidates with the appearance thereof. in my view, in law and limits to unregulated funds and a clear distortion of campaig

mr. your best about what he said. a stern warning. to thisis according publication. it is a sunday edition of the frankfurter newspaper. europetly on thursday in the prime minister was warned that if they do not get a deal done the eurogroup will start taking steps to prepare for a greek exit. there is no legal precedent for this. what we now see is a drop in the euro ahead of the opening in asia. ony were on the way down this news, perhaps. angie: thank you so much for that. let's check in on markets. a fear in asia. monday morning here. new zealand, one third of 1% down. 69 u.s. sense. there is speculation it could go further down, especially with predictions that we could see more rate cuts in the future. we are also counting down to the open's in australia and japan. last closed in the green, paring off what was mostly a week to week drop for the broader index. 2407 -- 24.07. dollar yen right now is strengthening. above that collectively valued above $10 trillion. that record performances largely due to domestic investors willing to overlook the nation's economic

sterns here with mark crumpton. we're joined by our reporter at the apple developers conference in california. another big day for apple. you can see them of fraud in mrook as he takes the stage. >> waiting to see whether or not apple will unveil new details of the streaming service. will go back to the event as soon as we can. headline coming from the event. julie hyman with a look at the right now. you were looking at stocks today. they are actually in the green on this monday. thee declined far outweigh gains come even felt the major averages are not that deeply in the red. tesla one of the stocks we are watching. far outweighclines the gains. the stocks reading around 257, up i about 3%. the analyst more optimistic than he believed the broader market is about the timing of an x launch. it is an suv tesla is working on. working on the third quarter launch, even if the rest of the market is not. watching go pro today. the only thing we could find is a note from cleveland research predicting the company shipped 1.5 million units of the cameras in the second order, and that will vote well for earnings. sure is not up that much, up about three quarters