. >> raymond lee would you stand up raymond a strong advocate for the reduction that we will discuss briefing in the retiree rates for retirees in that program which i think is phenomenal he deserves that recognize okay so as we go through this whole thing i'll keep it brief we look at first on page the union rates let's go on page 4 yeah. that's correct page 4 are two d m h over dental our rate passes through 2016 so no change to rates okay that's good nothing t is going up there you look at the experience for the p p we know on page 6 the ppo plan has been good we've added in the impact of the plain stabilization investment not to on and on what does this do to the rate page 11 we requesting you accept a 2.9 percent reduction in the self-ppo rates for 2016 those rates now on the retirement plan on page 8 the drum roll the rates were $90.87 fully insured rates those rates have been reduced 6 percent for two years not just one year but two years and that's really good $42.96 i'm very happy and the delta rate hmo guaranteed through 2018 and we go on to page 11 and we look at those and

with that, i would like to ask raymond lee to walk you through this quarterly report and we also have the director of the workforce division pat miligan who is here and he is joined by other members of the staff as well. >> thank you director bohee, chair rosales, commissioners. ray miligan contract compliance supervisor. what i would like to get accomplished today is a walk through the quarterly sbe component, the workforce components and talk about some changes with the city local 14b work performance program and the next steps that i would like to propose for ocie. before i get too far deep into the the presentation, i do want to just preface by saying that there are two significant changes to your reports that you should be an aware of. one is the fact at the request of the commission we started tracking minority female data so when you aggregate minority data and female data that it sums up the true percentage that you are seeking. the second component is that we have broken off what we consider to be sbe credits towards the 50 percent goal versus the sbe participation that's par

with that, i would like to ask raymond lee to walk you through this quarterly report and we also have the director of the workforce division pat miligan who is here and he is joined by other members of the staff as well. >> thank

this is now from raymond lee, a professor from u.s. naval academy who studies rainbows. he says in fact this is a reflection of one rainbow or another in the sun. sunlight reflections, they can form when sunlight is reflected on a water surface, either in front of or behind the viewer so it looks like there's more than one. >> wow. it's real then. no matter how it was created, it's real. >> it showed up on the pictures. >> all right. mother nature saying happy anniversary to herself. i like that. >> that's one way to do it. >>> 6:15. tsa workers accused of sexual misconduct are now under investigation. >> and the efforts to bring the n.f.l. back to los angeles just took a huge step forward. we're back after n. first, let's check in with allyson. >> despite the gorgeous sky, we'll expect showers and windy conditions for this afternoon, as early as 1:00 and even lunch time for our friends off through hagerstown. i'll track it [ female announcer ] business travel isn't just about the going. it's also about the going home. and being connected all along the way. whether you'r

joining us is founder tom lee and raymond james chief economist scott brown.een to be feeling goods, it seems the past of least resistance is higher are you nervous at all? >> you know i'm actually optimistic for both. i think i've been a little disappointed with the tenor of the data but the markets have been rising in the face of that. it's very reassuring. expectations have really come down for q1 earnings. i think visibility has to be a lot better so i think we're going to have a stretch of a couple months where the data will be good and the markets will act well into it. scott. >> do you agree with that? do you think we'll shake off the weak effects, namely the winter weather, the poor congestion other temporary factors here? >> yeah i think obviously there are a lot of factors, depressing growth in the first quarter, but we should see a rebound, notably a drop in the gasoline prices should really light a fire under the consumer. we anticipate that xwumer spending will be a lot stronger. now we and we may begin to see that in many of this week's reports.

we have lee grogan and michael purvis, and still with us from san francisco is erin kessler from raymondarlet, let's check back with you to get a wrapup of the situation p requests were looking at twitter shares rising in the after-hours trade after a tumbled 18% in the last bit of the trading session. the numbers were released inadvertently by selerity. the highlights from the results at least what selerity had sent out initially was that earnings beat analyst estimates but revenue miss the mark. it was an 18% increase which marked a slowdown from the increase with all the prior quarter. twitter was forced to release its results as well overall. that's when we got the news that twitter reduced its full-year sales and profit forecast. it also made some acquisition so the new outlook reflects the acquisitions and the effect of the stronger dollar. it did not help the stopping -- because the stock finished down 18% in regular trading. now it has a little bit of rebound for the close. matt: michael, you are talking about the possibility of trading twitter options. michael: if you were long