they attached in two instances and one is through primary offerings and secondarily when board members such as yourselves make comments on the sfmta's financial health. those are likely to reach the marketplace and may be tested against the provisions. what we attempt to do is when we're accessing the marketplace or alternatively, when there are turbulent times, we we encourage board members to exercise caution in making statements about the financial health of the sfmta or when we're coming to market to discourage investment to say there's no risk, you should buy it. those statements will be tested against the anti-fraud provisions of the securities laws. and generally we're talking about material statements and the anti-fraud provisions make it unlawful to make a statement of a material fact or omission. in our context unlike corporate security where's there's strict liability they have to prove we made a neglect statement. so we bro vide the training and -- provide the training and have controls and procedures so if something did slip through in our process, we can at least defend o

on her career after racking up an incredible eighty two world cup victories a women's record and secondarilyto sweden denmark the series of injuries and crashes have taken nets. my body isn't allowing me to ski the way i know that i can you know normally i would say yes i'm disappointed because i know that i can win but i don't know that i can win any more and that's why i am retiring form may be famous for overstocked medal case including a limping gold but she's also won an army of france off the slopes i would like to be remembered as someone that was more than a ski racer. hopefully to my teammates a good leader. and hopefully to the rest of. the girls of the next generation that. i show them that nothing is impossible. for him strong run in sweden made her the oldest female medalist of the world championships ensuring her career ended on a high. now i think it's pretty well. hit if. it's just a reminder of the top story we're following for you here on news today marks the fortieth anniversary of the revolution that brought regime change in. a day of celebration as begun in tehran even a

this is the irony of it all -- technically belong to the president of the united states and then secondarilycongress as well because the congress has to fund the intelligence community and law enforcement agencies and has oversight. so i'm a little puzzled as to why there would be a reason to have to threaten a subpoena when in logic and in tradition, that information is going to flow to congress anyway, unless it's just political histrionics. lou: i personally believe there should be great transparency here. the american people have watched an elected president investigated for months before he became president, investigated by the fbi, investigated by the special counsel, five congressional committees and to this date there's no evidence of any wrongdoing whatsoever on his part. why not put this forward, and if it is going to be a political document, don't you think in and of itself that's something that the american people ought to know? >> i agree. i do, and you know, for the criminal charges of mueller's investigation, there's baked in transparency. lou: right. >> but on the counterinte

secondarily he said no, it wasn't me, and he said by the way i did do black face more michael jackson. >> he said i put on shoe polish, not that much, because it is hard to take off. >> like he knew what it was all about. i found his press conference to be bumbling, stomach bing, fumbling, clumsy. i felt no passion, no conviction. appare apparently he was a different person when he was younger and he did evolve, but what the voters didn't see is his evolution. they thought he was a certain type of person. so message to candidates and people that want to go into public office. it is better to confront it before you run for office because that way you're not surprised and the voters will not feel had. >> and you a team that vets you, that goes through your past, to figure out anything that could be problematic. >> hi office requires you to do research on yourself in today's world. certainly president of the united states, you have to really be well aware of what is in your own background. >> but it is not by accident called a vulnerability study. >> is this a trump effect, saying if i c

i think that's off the table secondarily, as long as you don't have run away inflation, then you wanto be in stocks this an inflationary environment. >> i want to point out something, commodities rally when there is inflation. the whole point of when you want to own commodities is when we have inflation and it's starting to run if we are getting more inflation, you want to own oil the second thing is you're right, oil got crushed and whatever the dynamics were, you can make an argument that positioning in the energy sector is the most important reason why you want to. i talked about fundamentals. i pointed out the short interest in the sector is at record highs. it tells me that people don't like this trade. the fact that the xle has outperformed the s&p by 700 basis points since the low of the markets tells you, again, we know the pain train is higher. >> what seems to be slightly different is what's happened in the past couple of days and that is that we have learned that opec has been standing by its production cuts and that stau d saudi is going to take off half a billion barrels

secondarily, investors are concerned with competition so you have google and amazon kind of moving intoir space, giving away products at a much cheaper price where they can't necessarily compete. even though guidance was reaffirmed, i don't think the cfo thing is a big deal. even though guidance was reaffirmed, i think people are concerned about the growth going forward. >> and they had a little inventory problem as well, which you hate to see. i love the product i think it's so fantastic. it could be a fitbit, a gopro. >> how many speakers can you have >> there's nothing novel about what they do anymore if apple as a hardware company is under a fair amount of pressure right now, what is sonos going to be? i wouldn't touch it. >>> twitter reporting earnings tomorrow before the bell after an up-and-down quarter, the stock is right where it was at the end of october. so let's get the options action on twitter, see how the traders are playing that get to mike khouw in san francisco. >> yes twitter was interesting today. we saw bullish bets outpacing bearish ones with double the average dai

credit you're seeing a significant recovery that was so integral to the selloff we saw in december secondarily, you're seeing energy again, a big catalyst for the selloff in the fall. it's beginning to rally once again. we're seeing investment banks raising estimates and raising price targets on a lot of these equity names then you have to look at software software was the last piece to roll over and mike wilson's rolling bear thesis. software has come back once again. if it can remain strong, that may be offsets some of the malaise we're frustrated by with fangs. >> i've raised the issue whether the other side of the conversation is as the market way overdone itself to the positive side because of the fed that all of this has been driven by j powell coming off of his track to raise rates and there's not as much under the market. >> that's okay. >> i think it's just account rates. again, joe hit on this the last time i was here. it was it the comments regarding observing the financial markets in relation to the balance sheet. and their objective to tighten or to stop with the quantitative easi

secondarily that they would be able to force him to actually answer questions if he tried to assert thisuishy executive privilege or if he chose to simply not answer some of their more pointed questions. so the committee authorized a subpoena, essentially giving the chairman the power to use it if he so chose and the department of justice did not like that. they pushed back and said that whitaker would not appear if that threat of a subpoena remained. at the end, they reached an agreement to have this hearing go on as planned, but there was a bit of a standoff here until fairly late last night about whether this would actually take place today. >> while we heard from garrett haake there, the acting attorney general, matt whitaker, took his seat. it would appear as if lawmakers, those members of the house judiciary committee, are taking their seat as well. a photographer, there we go, just blocked the camera but mr. whitaker appears to be ready to take additional questions from members of congress. here's the thing, professor wiley and danny cevallos, matt whitaker is, for all practical i

secondarily, i think you're referring to the tr restrictions -- >> excuse me? >> the tr restrictions which are an appropriations rider which prevent atf from aggregating trace data and using that information to properly do their job to find the source of gun trafficking. they are also prevented from modernizing their records. which is helpful to also doing their job properly as law enforcement, as well as encouraging or forcing gun dealers to keep better track of their inventories so they can better understand the source of funds. >> repeal those restrictions. >> absolutely. >> thank you very much. my time has expired. i recognize the ranking member mr. collins, five minutes. >> thank you, mr. chairman. that was an interesting line of questions because it hit on some things that i want to discuss. and ms. thomas, since you're up, we'll just continue here. on your web site, it says your organization supports national firearms registration that includes name, address, other identifying information about the owner of the firearm, names of the manufacturer, importe

and financial markets, secondarily he said weakness in both europe and asia do you think that is a stretchurprised that jay powell was so up front about that because the markets -- i'm not quite as strong as your previous guest that this is now like a third leg of their mandate you know, it was a one time situation, right the decision to hike was close in december. they probably got it wrong as long as they're acknowledging that, i don't see them paying heed to the markets in the future necessarily >> david >> well, i think that the fed has added a third mandate, but i wouldn't frame it the way peter did. i think the third mandate is financial stability. that's why there's so much talk about things like leverage lending and stuff like that. look, the fed has always paid attention to the markets particularly when they're big moves. monetary policy works through financial conditions there was a change in financial conditions you'd be foolish not to see some signal from the markets. on the other hand you don't want to create a greenspan put and doesn't want to create the powell put whenever t