pleased to recognize commissioner wu and supervisor campos and supervisor wiener and assemblyman phil king is on his way and from tom's office is here as well. we're pleased to welcome founder sf dot city and we're expect others. i also want to thank dean from tenants together and from the tenderloin housing clinic and a couple of tenants who will speak an evicted tenant. also with us folks from the chinatown area and executive director vincent and caramel who's with sales force and with that we'll get started. so with this affordable housing crisis we need to not only continue to invest in the creation of new affordable units but really must protect our xoif housing stoke our rent control units that will close a loophole in the ellis act who are currently not loorntdz it authorizes legislation to let san francisco decide whether or not to require a 5 year ownership of the property before a landlord can use the ellis act. it was created as a result of a states supreme court decision in the 45 that says landlords don't have the right to evict all folks the cowered said you could sell your b

. >>> pimco chief and bond king phil gross not having a goodyear.some wild accusations today that don't make him look very good. bertha coombs joins us now with all the details. good evening. this is a wild story. >> it really is. a drot of drama. stinging accusations from the man known as the bond king and than denial he ever uttered them. the drama at pimco back in the headlines over the increasingly ugly fallout between bill gross and his ceo who resigned abruntly in january after five years at the firm. according to reuters he wrote a "wall street journal" article describing the deterioration of their relationship. they quote gross as saying i'm so sick of mohamed trying to undermine me and say that he claimed to know that mohamed el-erian had spoken to the journal. gross indicated he had been monitoring his phone records. according to pimco spoke person gross denies making those comments to reuters or the firm of listened to mohamed el-erian's phone calls. mohamed el-erian is due to leave pimco mid-march and has not commented publicly. some rep

president obama meet with king abdallah in hopes of minting strained relations between the two super powers and garner support against russia's recent actions in crimea. phillynn of price futures group and matt smith, commodity analyst at schneider electric join me now. how about a tag team of the u.s. and saudi arabian group, the largest oil producer in the world against russia, the number three crude producer impacting the energy landscape. >> the relationships have been strange but if you look over the last decade since world war ii, saudi arabia was one of our friends when it came to oil production and obviously the concerns in recent years especially in the obama administration that now that the u.s. is becoming a big producer the saudis say you don't need us anymore backing the sun major issues whether it is iran or syria or egypt and the saudis are concerned they are being left out in the cold by this administration so there is going to be a lot of sense mending that has to be done because the saudis are very important player in the global energy sphere. cheryl: as much as we talk about energy independence and a plethora of natural gas we have in th

trip has reached saudi arabia where he met with king abdullah at a time when the relationship between the two allies has certainly shown some strains. philtingly is with me right now. where are the pressure points, would you say, most in his current relationship? >> it is really quite interesting. any major issue the u.s. has in the region right now directly impact saudi arabia. those pressure points are anything foreign-policy wise, president obama has done with. that includes the israeli -palestinian peace process, syria, iran and the nuclear issues. key has been syria. the saudi's have been pushing for the u.s. to approve war and dynamic weapons system being given to the rebels. the white house has been reluctant to do that. some talk on the table that that would be there, but no rear idea where the u.s. will go. just another one of the many issues foreign-policy wise or the two stalwart allies. isthe president's trip pretty much all ukraine all the time. is there a sense inside the administration that they have accomplished what they needed to do this week, or is there concern that the u.s. is -- has just not come out strong enough a

phil lebeau in chicago. >>> the ipo rush gathering some steam. there are more than ten this week. game maker kingthe attention. box just announce nounsed its plans. should we be worried about a bubble in all this new supply. k you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪ >>> welcome back to "squawk on the street." check out shares of u.s. steel, goldman sachs is repeating a buy rating on it and ak steel say'ing the market hasn't fully priced in near-term positive fundamentals. among them scrap prices appeared to have bottomed and the flat rolled industry is more consolidated and the bad weather is over. u.s. steel shares up off their session highs about 2% to the upside. back to you. >> all right, dominick chu. >>> cloud st

phil, thank you for that report. thanks for the context. appreciate it. we will be talking to you soon. >>> we're getting ahead of the king behind the game draw something who sold his company to zynga. before we go that, rick santelli, what are you watching at the cme this morning. >> there's an old song "tie a yellow ribbon around the old oak tree," we're going to discuss more in-depth about the yield curve. will it give us a clue as to ultimate direction of interest rates. we're also going to tuck a little tech on where the ten-year yield closes today and what it means. all in about five minutes from right now.w. >>> dow is up 108 points but not everything is on the move in that direction. >> shares of symantec are down near session lows, 13%, 14%. late yesterday, fired ceo steve bennett effective immediately after less than two years on the job. he will be replaced on an interim basis by a board member. he was on "squawk on the street" just last summer talking about how optimistic he was about the company's prospects. >> we've got a nice tail wind. so we're still losing share though, carl. i'm pleased with our progress