two are phase one and separated out the phase 2 element of this clearly. phase one is when we negotiate td we only held to 3 and a half years of those 4 years back in 2014. it was fair amount of unknowns at that point and felt why should we negotiate more than necessary back in 2014. steel hadn't started yet so why we held the $21.7 million and negotiated amount only for the first 3 and a landfall of the 4 years. now, where we are in space and time today we do request that the original scope be extended for remaining 6 months and that is trending at what we need them for their day to day original scope is $2.1 million of the request. another element is other phase 1 scope necessary and essential to deliver the program and can go through the details of that quickly on the next slide. the fird third bucket is phase 2 element which is identified as mark said as consistent with board direction in june 2016. phase 1, so the phase 1 additional scope beyond the original scope extension of 6 months as ark logical and qaqc, it, dealing with procurement process, the

two are phase one and separated out the phase 2 element of this clearly. phase one is when we negotiate td we only held to 3 and a half years of those 4 years back in 2014. it was fair amount of unknowns at that point and felt why should we negotiate more than necessary back in 2014. steel hadn't started yet so why we held the $21.7 million and negotiated amount only for the first 3 and a landfall of the 4 years. now, where we are in space and time today we do request that the original scope be extended for remaining 6 months and that is trending at what we need them for their day to day original scope is $2.1 million of the request. another element is other phase 1 scope necessary and essential to deliver the program and can go through the details of that quickly on the next slide. the fird third bucket is phase 2 element which is identified as mark said as consistent with board direction in june 2016. phase 1, so the phase 1 additional scope beyond the original scope extension of 6 months as ark logical and qaqc, it, dealing with procurement process, the

are you talking about the phasing arena go? >> he will get to that next. any other comments or questions all the elements i've discussed are quantified in the form of projected program revenue and costs. the analysis were conducting right now of expansion. the results of this analysis will be presented at an upcoming workshop. this is we get a sense of the options that were looking at and the timing two. we are analyzing a number of growth in our areas as this chart describes our best case is the sex the --60 kw. the first growth will be updating our 2015 in this approach. the second growth will look at max enrollment. growing and one additional phase and were looking at is that making it happen in 2018. this is the fastest scenario were looking at and all require the most sick and if vacant financial --financial resources. the work that were doing will help with the financing requirements. as we dig into this we will also share other risk associated with this and executing on this kind of a plan. in the third growth a middle ground that brings on remainin

, phase one and phase two and phase one is focused on renovating the existing space with a focus on thedental suite and some of the lobby space and that project as a matter of fact delays updates we issued so construction has started officially on february 10 so that's great news based on the pre-bond dollars allocated to these projects and what is coming up next for the next few months is obviously the current target is complete construction of phase one second quarter of 2017 and then also to complete the schematic design phase for the phase two which is the addition of new multi-story building adjacent to the existing facility and kind of looking at the overall budget there's about 30 million that has been allocated for phase two -- i'm sorry 25 million for phase two and 5 million for the renovation project. and then the other components what we call the various other community health centers and the focus has been on three community health centers, castro mission and maxine hall so i will focus on those two health centers first. we completed a structural assessment of the two facili

the courts project has executed in two phases. the first was to renovate the existing park restroom through the bond program. the second phase is a burial removal project which is to provide an accessible path of travel from the park playground to the newly renovated restroom. construction for the second phase of the project began in june of 2014. it includes a new lawn and new irrigation and two tables. in the fall of 2015, funds became available through the operations general fund. our plan is to use these funds to fully renovate the basketball courts during the construction project to minimize disruption and park closure time. the existing tennis and basketball courts are decades old and in need of repair. the scope of renovation includes the replacement of the existing paving and restriping the courts. new basketball post, back boards and nets, and new fencing surrounding the court. staff justifies this request as the court resurfacing is long over due in the park and completing this work now will minimize site impact and park

two are phase one and separated out the phase 2 element of this clearly. phase one is when we negotiate td we only held to 3 and a half years of those 4 years back in 2014. it was fair amount of unknowns at that point and felt why should we negotiate more than necessary back in 2014. steel hadn't started yet so why we held the $21.7 million and negotiated amount only for the first 3 and a landfall of the 4 years. now, where we are in space and time today we do request that the original scope be extended for remaining 6 months and that is trending at what we need them for their day to day original scope is $2.1 million of the request. another element is other phase 1 scope necessary and essential to deliver the program and can go through the details of that quickly on the next slide. the fird third bucket is phase 2 element which is identified as mark said as consistent with board direction in june 2016. phase 1, so the phase 1 additional scope beyond the original scope extension of 6 months as ark logical and qaqc, it, dealing with procurement process, the

it's in phase three and rolling very well.are looking at delivering it every 12 weeks, one injection every 12 weeks. >> not every month. >> right. >> people don't like to get shot in the eye. if i can get shot in the eye less -- >> no one wants a shot in the back of the eye. and doctors don't like to do it to be fair. it's uncomfortable. >> so yours would be fewer. >> this would potentially be every 12 weeks, which would be a game-changer for patients. >> that alone is multi building. -- billion. >> if it shows that promise in the phase three t could be one of the biggest drugs we've ever had. >> you are always in touch with your shareholder base. you're transparent. it seems like people are say, brent's back. were you ever gone? >> i don't think so. look, we put our shareholders through a lot last year. lots of change. probably more transformation than any company has ever gone through. we did it all compact in one year. it's behind us. we're focused, branded. now we're focused on execution. >> thank you to brent saungders, c

and then they will also be moving into the construction document phase for the open space projects. had a number of presentations on the conceptual design for the ferry plaza structure and restrooms and those projects as well as hill top park will move into the construction document phase. the initial construction projects, as i mentioned , the demolition will be completed within the next 6 weeks on treasure island and around that same timeframe the first development contracts will mobilize on ybi and geotechnical and cause way reconstruction work. the geotechnical work sp of the early work is utility relocation to relocate existing utilities outside of the area of geotechnical improvement but then that will move into had cosway reconstruction and consolidation of soils in the first subphase area. also this year, the infrastructure right of way and utility infrastructure on treasure island will go out and project will mobilize in the second half of this year. this is ticd overall slide for the early projects contract jz will have joanneatonia come to the april board meeting to give

and in phase one and phase two. it includes, temporary access to the head gates, and we did need to install some gates to keep bats out of the attic and to make sure that we met our mitigation requirements for the environmental permits as well as cleaning the debris from the tunnels that take water to the aqua duct. and so phase two. the work that is shown on the slide and i am not going to read through it all, but we had to divide the work up into two phases because we discovered a right-of-way issue with a portion of the alignment that dates back to the early 1900s, when the facility was constructed and so we need to get that corrected with the federal government, before we can move forward with phase two. and so we need to extend the project as a result. and in terms of budget and schedule. the cost to date are 9.29 million tlarz, and we have projected the future costs of 4.7 million dollars. and you can see the schedule listed here and so our request is to authority the general manager of the sfpuc is to accept

and in phase one and phase two. it includes, temporary access to the head gates, and we did need to install some gates to keep bats out of the attic and to make sure that we met our mitigation requirements for the environmental permits as well as cleaning the debris from the tunnels that take water to the aqua duct. and so phase two. the work that is shown on the slide and i am not going to read through it all, but we had to divide the work up into two phases because we discovered a right-of-way issue with a portion of the alignment that dates back to the early 1900s, when the facility was constructed and so we need to get that corrected with the federal government, before we can move forward with phase two. and so we need to extend the project as a result. and in terms of budget and schedule. the cost to date are 9.29 million tlarz, and we have projected the future costs of 4.7 million dollars. and you can see the schedule listed here and so our request is to authority the general manager of the sfpuc is to accept

and in phase one and phase two. it includes, temporary access to the head gates, and we did need to install some gates to keep bats out of the attic and to make sure that we met our mitigation requirements for the environmental permits as well as cleaning the debris from the tunnels that take water to the aqua duct. and so phase two. the work that is shown on the slide and i am not going to read through it all, but we had to divide the work up into two phases because we discovered a right-of-way issue with a portion of the alignment that dates back to the early 1900s, when the facility was constructed and so we need to get that corrected with the federal government, before we can move forward with phase two. and so we need to extend the project as a result. and in terms of budget and schedule. the cost to date are 9.29 million tlarz, and we have projected the future costs of 4.7 million dollars. and you can see the schedule listed here and so our request is to authority the general manager of the sfpuc is to accept

, phase one and phase two and phase one is focused on renovating the existing space with a focus on the dental suite and some of the lobby space and that project as a matter of fact delays updates we issued so construction has started officially on february 10 so that's great news based on the pre-bond dollars allocated to these projects and what is coming up next for the next few months is obviously the current target is complete construction of phase one second quarter of 2017 and then also to complete the schematic design phase for the phase two which is the addition of new multi-story building adjacent to the existing facility and kind of looking at the overall budget there's about 30 million that has been allocated for phase two -- i'm sorry 25 million for phase two and 5 million for the renovation project. and then the other components what we call the various other community health centers and the focus has been on three community health centers, castro mission and maxine hall so i will focus on those two health centers first. we completed a structural assessment of the two facil

, phase one and phase two and phase one is focused on renovating the existing space with a focus on thetal suite and some of the lobby space and that project as a matter of fact delays updates we issued so construction has started officially on february 10 so that's great news based on the pre-bond dollars allocated to these projects and what is coming up next for the next few months is obviously the current target is complete construction of phase one second quarter of 2017 and then also to complete the schematic design phase for the phase two which is the addition of new multi-story building adjacent to the existing facility and kind of looking at the overall budget there's about 30 million that has been allocated for phase two -- i'm sorry 25 million for phase two and 5 million for the renovation project. and then the other components what we call the various other community health centers and the focus has been on three community health centers, castro mission and maxine hall so i will focus on those two health centers first. we completed a structural assessment of the two facilitie

and in phase one and phase two. it includes, temporary access to the head gates, and we did need to install some gates to keep bats out of the attic and to make sure that we met our mitigation requirements for the environmental permits as well as cleaning the debris from the tunnels that take water to the aqua duct. and so phase two. the work that is shown on the slide and i am not going to read through it all, but we had to divide the work up into two phases because we discovered a right-of-way issue with a portion of the alignment that dates back to the early 1900s, when the facility was constructed and so we need to get that corrected with the federal government, before we can move forward with phase two. and so we need to extend the project as a result. and in terms of budget and schedule. the cost to date are 9.29 million tlarz, and we have projected the future costs of 4.7 million dollars. and you can see the schedule listed here and so our request is to authority the general manager of the sfpuc is to accept

and in phase one and phase two. it includes, temporary access to the head gates, and we did need to install some gates to keep bats out of the attic and to make sure that we met our mitigation requirements for the environmental permits as well as cleaning the debris from the tunnels that take water to the aqua duct. and so phase two. the work that is shown on the slide and i am not going to read through it all, but we had to divide the work up into two phases because we discovered a right-of-way issue with a portion of the alignment that dates back to the early 1900s, when the facility was constructed and so we need to get that corrected with the federal government, before we can move forward with phase two. and so we need to extend the project as a result. and in terms of budget and schedule. the cost to date are 9.29 million tlarz, and we have projected the future costs of 4.7 million dollars. and you can see the schedule listed here and so our request is to authority the general manager of the sfpuc is to accept

in or phase replacement? >> the answer is yes. as part of the transition process. we have actively engaged with leaders in the import refining. the export refiners and others are very excited about this. we have asked leaders to engage on the design and phase in of all of this. concerns aboutr consumer impacts or tax impacts -- we don't want those either. so the design of this blueprint ando accelerate the growth transition to where we want to go. at the end of the day, do what we have to do to become competitive globally. we cannot stay with the status quo we have today. we are not going to continue the tax code that favors foreign products over u.s. products or keeps in place incentives for companies in research and manufacturing to leave the u.s. at the end of the day that is not going to happen. mr. chairman, are your counterparts in the senate on the same page? do you foresee some challenges of reconciling different views? >> it seems unusual that the senate and house might be on a different page. work t

we have acted on this take away with her current phase. i will note that a counter point here is that nonresidential customers carries with him and it takes more sell away from us. this helps explain why it's desirable to have a mix of commercial and residential customers. in short, our takeaways are that customer makes is important. as we proceed with phasing with configuring groups of customers for expansion. our work and that rather than enrolling a single customer class a diverse enrollment that includes residential and commercial customers is important. any questions at this point? no okay. now that we examine our customer demand i want to dive deeper into her biggest cost driver. that is power supply. a question for us is will there be sufficient renewable energy supply to meet our programs demand. the answer is yes. this california chart in front of you illustrates renewables are available and growing. in fact from 2015 to 2016 the capacity drew 24% in one year. the cc also reports another 50% growth is in a construction phase. not

we have acted on this take away with her current phase. i will note that a counter point here is that nonresidential customers carries with him and it takes more sell away from us. this helps explain why it's desirable to have a mix of commercial and residential customers. in short, our takeaways are that customer makes is important. as we proceed with phasing with configuring groups of customers for expansion. our work and that rather than enrolling a single customer class a diverse enrollment that includes residential and commercial customers is important. any questions at this point? no okay. now that we examine our customer demand i want to dive deeper into her biggest cost driver. that is power supply. a question for us is will there be sufficient renewable energy supply to meet our programs demand. the answer is yes. this california chart in front of you illustrates renewables are available and growing. in fact from 2015 to 2016 the capacity drew 24% in one year. the cc also reports another 50% growth is in a construction phase. not

in the operation phase we will maintain tens of thousands of jobs. the hs2 train we would already be there in birmingham and that means less time travelling and more time working. 0ne estimate suggests that could add oui’ 0ne estimate suggests that could add our £15 billion to the but our £15 billion to the economy. but at what cost was like the current price is close to £60 billion but many say it could be much higher. 60 ancient woodlands would be bulldozed, 350 homes demolished and thousands of businesses affected. like this farm in buckinghamshire, the lander will be split into when work begins. the other night it will alter the way i filed completely. i will lose half the grazing for my colours. —— completely change the way i farmed. the first section is due to open by 2026 and the extension to leeds and manchester extension to leeds and manchestec by 2032. hs2 should make opening by 2032. hs2 should make journeys faster and more co mforta ble. but keeping the project on time and on track could prove more difficult. and there is always the weath

developing today, we'll be able to proceed at the ripening level next speaking of subways the first phase of major will be the bus - as well as the preferred alternative and sfmta will continue to with pits approval with the federal government as well to design and many, many years of planning detail design and implementation resulting in hopefully, a service by 2019 we we were also last year able to addressed regional planning together with the regional agencies at san mateo and mtc 24 refers to the idea of putting hov lane high occupancy lane to connect downtown san francisco with san jose to prioritize the high occupancy vehicles to do so in a way that allows us to also make sure we have reliable services for motorists and with the high-occupancy vehicle so some of the grants will help us to develop the technology as well on the studies side our work does get responds to the needs you identified in particular commissioner tang asked for a child transportation study with the past week that commissioner sheehy regarding an in depth look at the school transportation and the across the cit

1, phase 2, and phase 3 rolled up together and i will be highlighting the self these projects which are the top three under treatments as well as the land reuse. i also want to point out the storm water management projects under collection systems and they include the collection systems and advanced rainfall. >>>i would like to discuss the collection system upgrades, and here it with my eyes this is difficult to read but trust me the blue projects are the flooding projects and the green projects are the projects were doing so it works is pretty much going to touch every corner of the city. >>>one thing that we will be bringing back to you in june is the collection system plan. this was formally known as the urban watershed assessment. this will roll all of the gray and the greenpump and problematic on stages that are flooding and this will lay out the details of our capital program and this detail will be marvelous to have an by time we get to our baselining next year you will be well familiar with this. so, look for this in june. now, andmoving on to the southeast. these are an upd

developing today, we'll be able to proceed at the ripening level next speaking of subways the first phase of major will be the bus - as well as the preferred alternative and sfmta will continue to with pits approval with the federal government as well to design and many, many years of planning detail design and implementation resulting in hopefully, a service by 2019 we we were also last year able to addressed regional planning together with the regional agencies at san mateo and mtc 24 refers to the idea of putting hov lane high occupancy lane to connect downtown san francisco with san jose to prioritize the high occupancy vehicles to do so in a way that allows us to also make sure we have reliable services for motorists and with the high-occupancy vehicle so some of the grants will help us to develop the technology as well on the studies side our work does get responds to the needs you identified in particular commissioner tang asked for a child transportation study with the past week that commissioner sheehy regarding an in depth look at the school transportation and the across the cit

they explained that three phases of the monetization and they are at the second phase. privacy issues and things like tot, it will take some time hit the top line. avenue also long-term for facebook. focus remains on instagram and video. they are going the you to route -- youtube route. and trying to double down on that strategy. .etty: thank you on facebook. snapchatter? i have not gone on to snapchat. betty: i just got on but no one is following me the new u.s. fed secretary heading to south korea for his first overseas business trips. we will find out what is on the table later in the program. vonne: our next guest tells his clients to his ignore the noise when it comes to trump. this is bloomberg. ♪ betty: th bloomberg asia. japanis is biggest pharmaceutical company beat third-quarter estimates and raised its profit forecast for the second time in recent months. they saw a revenue of $4.1 million in the three months ending december. they got a blister higher sales of gastroenterology drugs, using -- raising its forecast. the wall street journal reports the bank is a

partners to advance phase 2. we also partnered with the city on their rav study and their continued coordination with caltrain and high-speed rail. our plan for phase 2 is to come back to the board in the next couple months for approval of the ses eir. work with that pa to support the record of decision and secure funding for phase 2 update, complete the drawing to 30%, we do our cost estimate, to our risk assessment, ridership study to continue our development plan and or funding plan and to develop an integrated design schedule for the stakeholders. [inaudible]. program why. >> so last year program wide basis as you all well know we approved the final baseline budget for phase 1. we released the master leasee rfp we party discussed today. also, we worked quite a bit more on security hitting ready for that operational readiness completed the final draft of the concept of operations and also visited several stations around the country to talk about security with their experts. also, in the last meeting at the end

at 25,000 jobs a month, and that'sjust during the construction phase.ation again we'll have tens of thousands ofjobs that are maintaining and running the railway. but there could be an even greater economic benefit too. take this journey, for example. it's about an hour and 20 minutes. with 50 minutes into the journey, but if this was an hs2 trains we'd already be in birmingham, and that means spending less time travelling and more time working, and one estimate suggests that could add about £15 billion to the economy. but at what cost? the current price tag is close to £60 billion, but many say it could be much higher. 60 ancient woodlands would have to be bulldozed, 350 homes will have to be demolished and thousands of businesses will be affected, like this farm in buckinghamshire. the land will be split in two when work begins. it's going to completely alter the way i farm. i'll lose half the grazing that my cows can go out to. i'm not seriously convinced that the hs2 is a valid necessity to this country at all. the first section to the west midlands

. >> the project is divided into two construction phases. the first phase is on track for substantial completion in december of this year. >> reporter: scott is with the transbay joint powers authority, the agency responsible for managing the terminal. he says the project was always designed to be built in two phases. when complete, the transbay terminal will host 11 transit agencies. the first eight are expected to come in by the end of the year. the others, including caltrain and high-speed rail, are part of phase two. $600 million in financing has already been committed to that next step. >> we have a lot of work to do to raise the remaining funds to build the second phase. >> reporter: the project was built looking forward to that future connection. the center will be connected to the bay bridge by a suspension bridge over howard street, constructed to make way for an underground tunnel for high-speed rail and caltrain. >> that particular bridge type was chosen so that it would not transfer any load to the transit center, and it wouldn't

we have acted on this take away with her current phase. i will note that a counter point here is that nonresidential customers carries with him and it takes more sell away from us. this helps explain why it's desirable to have a mix of commercial and residential customers. in short, our takeaways are that customer makes is important. as we proceed with phasing with configuring groups of customers for expansion. our work and that rather than enrolling a single customer class a diverse enrollment that includes residential and commercial customers is important. any questions at this point? no okay. now that we examine our customer demand i want to dive deeper into her biggest cost driver. that is power supply. a question for us is will there be sufficient renewable energy supply to meet our programs demand. the answer is yes. this california chart in front of you illustrates renewables are available and growing. in fact from 2015 to 2016 the capacity drew 24% in one year. the cc also reports another 50% growth is in a construction phase. not

of the .ar into the current phase >> what did you see when you were there? how will you apply that to what you are doing here? >> i hope to conserve and a capacity where i can be a new leader on national security issues could what i saw there was an effort that was taking steps backwards instead of forward. since i have been home, we have seen the taliban capture parts of afghanistan that they have not held since 9/11. a war that has been going on for 15 years that we are seeing regress to a point that is made afghanistan less safe and the world less safe. i want to be a part of a new generation of post-9/11 veterans the come into washington with experience and perspective, having served. my experience is the most recent experience of any member of congress having served in the cam that zone -- in the combat zone less than two years ago. be a new leader on security rep. banks: to bring that experience here and put it to use. to be a leader on national security issues to move our nation forward and make it mighty again so we can confront significant issues fr

1, phase 2, and phase 3 rolled up together and i will be highlighting the self these projects which are the top three under treatments as well as the land reuse. i also want to point out the storm water management projects under collection systems and they include the collection systems and advanced rainfall. >>>i would like to discuss the collection system upgrades, and here it with my eyes this is difficult to read but trust me the blue projects are the flooding projects and the green projects are the projects were doing so it works is pretty much going to touch every corner of the city. >>>one thing that we will be bringing back to you in june is the collection system plan. this was formally known as the urban watershed assessment. this will roll all of the gray and the greenpump and problematic on stages that are flooding and this will lay out the details of our capital program and this detail will be marvelous to have an by time we get to our baselining next year you will be well familiar with this. so, look for this in june. now, andmoving on to the southeast. these are an upd

years and moving forward the project their smaller but significant project these that west side in phasee delivered with what we call pedestrian contractor camtc general contractor a newer method of delivery for better results and more efficiency better risk management the transit center we have this item on our board i won't go into it you'll see a presentation prop k we worked together with the transit center allowing for bus and intermodal connection for caltrans all the mode and a host of bus providers this project is about 70 percent complete and eventually will house the caltrain and high speed rail rail we do oversight and provide the partners with technical support the central subway is another prop k and again, our oversight and funding to help with the project delivery one point plus billion dollars and the completion time is expected to be mid 2019 the tunnel contract is complete and disadvantaged business participation rate others caltrain and high speed rail we continue to stay engaged in the mapping of this $2 million project took the action hopefully secure a full fund fro

developing today, we'll be able to proceed at the ripening level next speaking of subways the first phase of major will be the bus - as well as the preferred alternative and sfmta will continue to with pits approval with the federal government as well to design and many, many years of planning detail design and implementation resulting in hopefully, a service by 2019 we we were also last year able to addressed regional planning together with the regional agencies at san mateo and mtc 24 refers to the idea of putting hov lane high occupancy lane to connect downtown san francisco with san jose to prioritize the high occupancy vehicles to do so in a way that allows us to also make sure we have reliable services for motorists and with the high-occupancy vehicle so some of the grants will help us to develop the technology as well on the studies side our work does get responds to the needs you identified in particular commissioner tang asked for a child transportation study with the past week that commissioner sheehy regarding an in depth look at the school transportation and the across the cit

i was there during the transition from one phase of the war to a current phase that we're in today. >> what did you see when you were there and how will you apply that to what you're doing here? >> well, i hope to serve in a capacity here where i can be a new leader on national security issues. was an aw there was effort taking steps backwards instead of forward. since i've been home for over a year-and-a-half we've seen the taliban capture parts of afghanistan that they haven't held since 9/11. war that's been going on for 14, 15 years that we've seen regress to a pointed that has made afghanistan less safe and ultimately i believe the world less safe. so i want to be part of a new generation post 9/11 veterans whose come to washington with experience and perspective having served. my experience is the most recent experience of any member of congress of having served in a combat zone. less than two years ago. to bring that experience here to serve in a capacity where i can put it to use and be a new leader on national security issues, to move our military forward, to make it mighty a

. >> the project is divided into two construction phases. phase is on track for substantial completion in december of this year. >> reporter: scott is with the transbay joint powers authority, the agency responsible for managing the terminal. he says the project was always designed to be built in two phases. when complete, the transbay terminal will host 11 transit agencies. the first eight are expected to come in by the end of the year. the others, including caltrain and high-speed rail, are part of phase two. $600 million in financing has already been committed to that next step. >> we have a lot of work to do to raise the remaining funds to build the second phase. >> reporter: the project was built looking forward to that future connection. the center will be connected to the bay bridge by a suspension bridge over howard street, constructed to make way for an underground tunnel for high-speed rail and caltrain. >> that particular bridge type was chosen so that it would not transfer any load to the transit center, and it wouldn't have any

phase one was development, phase two was user growth, and phase two will be profitability.he conversation around their technology infrastructure today, they said they expect the cost of infrastructure to eventually its two providers compete on rising. they also said they are opening bash open to building their own ever structure. there is some conflict around that right now. jennifer, i bet you would have no complaints if any of your investments could go public at 17 times sales beard that sales. awesome: that is an number. they are betting on of the monetization and the massive amount of users and content. it is their game now to prove that out. it is common for startups to prove that out on the public markets when they feel they can start to build productive ability into their business, and that will be the name of the game. the public domain cares a lot about stability and predicting growth and building that into business will be key. cory: the gross margin issue is a serious one, jennifer. the negative gross margins and the last year, i know the last two quarters look b

the latest headlines: the second phase of the military operation to reta ke phase of the military operation to retake the iraqi city of mosul is under way. the western half of the city is the last stronghold of the so—called islamic state in iraq. james mattis has distanced himself from donald trump's comments about the media being the enemy of the people. he says he does not have any issues with the press. craft hinds has withdrawn its proposed takeover of its anglo dutch rival look unilever. unilever said there was no merit in the offer. and the space x rocket has successfully blasted off from the cape canaveral launch pad used for the moon landings half a century ago. it was carrying a cargo ship for the international space station. at ten o'clock michelle hussain will bea at ten o'clock michelle hussain will be a full round—up of the day's news. first, this week's edition of our world. first, this week's edition of our world. on the barren steppe of central asia, hidden from the world, a testing ground, where, over a0 years, 500 nuclear bombs were exploded by the soviet union. they call

phase one was development, phase two was user growth and engagement and phase three will be profitabilitythe biggest cost for them is their technology infrastructure. there was some new conversation around that today. the company said it expects the cost of infrastructure, paying for cloud and storage to --ntually decline as it is as the two providers being google cloud and amazon compete on pricing. it is open to building its own infrastructure. a little bit -- as the two providers being google cloud and of new commenty around that and that is important because that is the bulk of their expenses right now which outpaced the revenue. fonstad, of that you would have no complaints of publicvestments could go at 17 times sales. jennifer: that is an awesome number. what they are banking on his monetization and taking him out -- advantage of the massive amount of users and content. it is a to them, it is their game to prove that out. it is common for stock -- a standup to prove that in the public market where they can build predictability into their business and that will be the name of the ga

the brexit secretary david davis told mps that changes would be phased in gradually and the uk woulda cliff. the paper promises a new immigration bill and says ministers will seek deals for key industries to retain access to the single market. vicki young reports. be ambitious, be positive about britain's future outside the european union. that's the message from ministers, who say they're aiming for a strong new partnership with the eu. the man charged with achieving that told the commons that the referendum was not a vote to turn our back on europe. it was a vote of confidence in the uk's ability to succeed in the world, an expression of optimism that our best days are still to come. whatever the outcome of our negotiations, we seek a more open, outward looking, confident and fairer uk that works for everyone. under pressure to reveal more, the government's published some brexit plans. priorities include putting parliament in control of our laws, making immigration decisions in the uk with a new system that'll be phased in over time, continuing security cooperation with the eu, and

so, on the measures associated with those funding streams slsh for phase 2, they really stood out. this team also has strong experience with tiffia and new starts. one team work would app tuon advocacy coalition to coauthor a hand book to help the constituents navigate the new starts pipeline. in all three programs they brought really strong and uniquely strong experience. we also have members from the team who worked for dem ocratic member jz republic members of congress. so, the team we are recommending from carpi and clay similar to the approach with state advocacy that come observe you in november. we had twoe contract jz consolidate into one contract and so cut the cost going forward to half relative to what we have before. i have jewelry [inaudible] from carpi and clay and happy to squr any questions you may have. >> could you state what the contract was prior when this came to us in november? the contract amount, i couldn't remember? >> the contract amount was recommendation was for 1 year option to extend, so was monthly retainer of 750 and there was a 2500 twavl allowance.

the latest headlines: the second phase of the military operation to reta ke phase of the military operation mattis has distanced himself from donald trump's comments about the media being the enemy of the people. he says he does not have any issues with the press. craft hinds has withdrawn its proposed takeover of its anglo dutch rival look unilever. unilever said there was no merit in the offer. and the space x rocket has successfully blasted off from the cape canaveral launch pad used for the moon landings half a century ago. it was