we're talking about the chairman and ceo of cowan group, we have peter cohen.ears, peter. >> yep, it is. >> tell us, you have seen dow 10,000, 15,000. what does dow 20,000 mean to you? >> dow 20,000 is really no more thanc compounding of the dow since i started in this business 48 years ago. it was like 786 in 1968. if you compound it at 7% for 48 years, guess what, you get to 20,000. the historical return on equities has been 9% for the last 100 years, so in effect, we're a little behind. you know, 20,000, it's an interesting number. you know, it's not so unusual. >> some of the words that are being thrown out, peter, irrationale exuberance, euphoria. i spoke to mark about new capital. he said the market is experiencing a sugar high. how would you characterize the market right now? >> i think the market is experiencing a sense of renewed spirit in the country and optimism as a byproduct of the election. that's what i think it's doing. >> you p, and the dow is not really reflective of the market. it's the s&p that we should, you know, really be focussing on mos

. >> good afternoon peter cohen, san francisco council of community housing organizations. actively want to say that we agree with walk sf about trying to bump up the emphasis over pedestrian safety i mean things ultimately the most preliminary and primal way to get around by walking and pedestrian safety should be stronger nuftsd whatever point and agree and support human services network in their argument exemption maybe for city housing their targeting populations that are quite clearly non-partisan attended and the staff as well as that is a good question supervisor cowen about the call of that exemption that is probably the kind of information that gives us an idea on affordable housing but organizations that are actually building stability or doing a significant rehab and not get caught that is is a logic and two other amendments we're suggesting one specifically around affordable housing onsite there is data we can work with staff that shows the keeper the affordability the lower the overflow room and miles traveled our suggestion to have a findings that talks about

. >> good evening, commissioners peter cohen, san francisco council of community housing organizations. you know it's difficult to come up here and raise any kind of questions about that project after you've string this is a good project from a design we're in the difficult business of raising affordable to whom and that the city getting as much affordable housing out of the project as possible i ask you as a couple of speakers you look at this project there the lens of the policy implementation not just an isolation on the apparent contributor to issues about this particular project we've had a fair autumn of back and forth with the city attorney this is about the density bonus program and about how it intersects with the back and forth this is a grandfathered project in prop c cut a deal not the new inclusionary deal of 25 percent you know the controller is fine tuning but grandfathered projects have, if you will, the old rules this project as hundreds after it will it is taking the state density bonus program a given not much you folks can do it we're increasing the density but rais

discussion about the health care sector and where else you should put your money going into 2017 with peter cohenat is the chairman and ceo. we'll be talking with him and jeff soliman. more from the trading floor as we go throughout the day, especially wli that fed policy meeting. back to you. >> sounds good. thank you so much. >>> when we come back, we'll go back to trump tower. get the latest on the president-elect's meeting with the sili considcon valley ceos e takes on shawn carolan. dow is down 13. [vo] quickbooks introduces jeanette. and her new business: i do, to go. jeanette was excellent at marrying people. but had trouble getting paid. not a good time, jeanette. even worse. now i'm uncomfortable. but here's the good news, jeanette got quickbooks. send that invoice, jeanette. looks like they viewed it. and, ta-da! paid twice as fast. oh, she's an efficient officiant. way to grow, jeanette. get paid twice as fast. visit quickbooks-dot-com. >>> good morning. here is your cnbc news update this hour. fighting continues in eastern alepo despite a cease-fire deal to allow the evacuation of opp

. >> good afternoon peter cohen, san francisco council of community housing organizations. actively want to say that we agree with walk sf about trying to bump up the emphasis over pedestrian safety i mean things ultimately the most preliminary and primal way to get around by walking and pedestrian safety should be stronger nuftsd whatever point and agree and support human services network in their argument exemption maybe for city housing their targeting populations that are quite clearly non-partisan attended and the staff as well as that is a good question supervisor cowen about the call of that exemption that is probably the kind of information that gives us an idea on affordable housing but organizations that are actually building stability or doing a significant rehab and not get caught that is is a logic and two other amendments we're suggesting one specifically around affordable housing onsite there is data we can work with staff that shows the keeper the affordability the lower the overflow room and miles traveled our suggestion to have a findings that talks about

. >> good afternoon peter cohen, san francisco council of community housing organizations. actively want to say that we agree with walk sf about trying to bump up the emphasis over pedestrian safety i mean things ultimately the most preliminary and primal way to get around by walking and pedestrian safety should be stronger nuftsd whatever point and agree and support human services network in their argument exemption maybe for city housing their targeting populations that are quite clearly non-partisan attended and the staff as well as that is a good question supervisor cowen about the call of that exemption that is probably the kind of information that gives us an idea on affordable housing but organizations that are actually building stability or doing a significant rehab and not get caught that is is a logic and two other amendments we're suggesting one specifically around affordable housing onsite there is data we can work with staff that shows the keeper the affordability the lower the overflow room and miles traveled our suggestion to have a findings that talks about

peter cohen house of community housing organizations. happy holidays. i don't come very often here.community housing organization. we work with your staff fairly regularly in checking in on things but we are pretty involved in housing policy citywide and historically been an active role with the redevelopment agency before ocii i am primarily here today to just competent staff and putting this together. this is the second year and in the first year we were particular jeff white and talked about the kind of information would be very helpful and informative good i think word vantage that were kind of wonky folks housing is our topic so we can we can understand a lot of these to thinking about how this tells a bit of a story to a broader public was one of the things that we walked through and it's looking better each time. in the second iteration. i want to point to one particular part of this report that we really emphasizes being helpful which is on page 24. this four-color graphic. in that section 2-3 pages of the reports. we refer to these as these present their snapshots of how th

peter cohen house of community housing organizations. happy holidays. i don't come very often here.irectors of juju council of community housing organization. we work with your staff fairly regularly in checking in on things but we are pretty involved in housing policy citywide and historically been an active role with the redevelopment agency before ocii i am primarily here today to just competent staff and putting this together. this is the second year and in the first year we were particular jeff white and talked about the kind of information would be very helpful and informative good i think word vantage that were kind of wonky folks housing is our topic so we can we can understand a lot of these to thinking about how this tells a bit of a story to a broader public was one of the things that we walked through and it's looking better each time. in the second iteration. i want to point to one particular part of this report that we really emphasizes being helpful which is on page 24. this four-color graphic. in that section 2-3 pages of the reports. we refer to these as these prese

gary cohen is a democrat, wil wilbur ross, made his millions buying up distressed. and peterarro, is face of china trade hardliner, will trump be able to get these men to execute on conservative economic principles as ronald reagan it? joining miche me -- shelby holiday. david i start with you. he had a diverse group of economic advisors starting with vice president george w jeush george h.w. bush then don regan. and david stockman. he did not believe in tax cuts, jim baker,. it could happen again with the trump team? about it could. interesting about those people jack kemp was his advocate in congress. i think what trump is coming into is a congress that is friendly it the idea of economy growth being stimulated from corporate tax reform he is proposing and a reduction on tax and regulation on business. there is a diversity of background and agendas from others that you mentioned. i don't believe to tax and growth side he will have a hard time getting peep on the same page. david: the thing about reagan, he had this vision, he had been writing about the vision of the supply