minute and last word what is the rush what's the rush to do this herb has e-mailed you and bill subsequential evidence that constrictions the way that hedge funds are the only way to protect our funds i'm not an expert but hedge funds are risky if we're vfdz did state says to stay away from hedge funds and they pill out linen to all your members. >> thank you. (clapping.) >> david williams. >> good afternoon commissioners david williams retirees i want to thank all the brothers and sisters and fell members and city workers with are be standing up and so to speak out on this issue there will be many more to hear from in the not so distant future you've heard what i had to say i'm not going to reiterate i suggest i saw an article yesterday in an investment magazine suggesting portfolio managers are getting a 4 percent raise i don't know how accurate it would be nice if we get an 8 percent raise i don't think that the hedge funds investment it part of that plan i question who's really profiting from all of this likewise i question why we're going into as to how new strategy when to me the system

to share those with you, you can respond through the analysis we're saying that the risk is a subsequential publication. >> so i'll share those with you. >> we received those via e-mail this morning. >> anything else seeing no one. >> i'd like to make a comment i love the space and the community and staff it was difficult to move so my space is nice it's in front of of the station. >> very interests that this is the closest from muni to bart to the front door of the city. >> immediately in front. >> if you can make to the front. >> thank you. >> commissioners driscal. >> i know i'm not aware of you officially responding to the letter that s l u delivered by it but did you agree to meet with representatives. >> the letter. >> you did you meet with u them. >> if the letter spifshg town halls we should be dealing with meagerly resident as the representative of the president of s c i u we we reached out to her inform june and she we made the offer we're available to meet with her to discuss the issues raised if the letter my understanding was she was actively involved in an election and success

have the concerns we'd be the last investor now detain from $300 million from its peak and those subsequential you out flows for the ousting and teachers there's been a lot of high profile redemption the foreclosed redeems was scheduled to hoop the same day and taken place in looking at the best interests the planter not moving expeditiously what was the best. >> those are liquid securities what's the problem because they're going to get notifications of allowed shuns they can facilitate the cash this is not equity you can't have a run on the accounts can i address that in terms of 6 if you see lick idiot issues what's the symptoms of the detain see of liquid shuns. >> it's true those are liquid they're not exclusive government bones it is not just you know very at this time securities most of it it they have lots of cash really what the concern comes down to say just to mitigate any reflexes from waiting tloo there could be - >> i'm asking the lid it issues was the prices if he should. >> they performed in october. >> maybe this will help you had some city government matters at hand in there

will stay with them and i'm coming from in light felt project planner takes several months we can subsequential 15 days in the light of a project didn't seem long tell you. >> in the predictability is a big thing for project sponsors so i'm not suggesting the reason not to do it because project sponsors won't like it is more our compliance with sequa. >> thank you. i do want to ask that the memo be hyper linked to today is agenda this morning it wasn't there. >> i tried to do that weigh make sure of that and i'll post it for general reference on our website. >> okay. thank you. >> sxhovks. >> thank you thank you, ms. jones i definitely agree with the departments recommendation we take an objection o action for the motion on extension of examine period and i wanted to say a couple of other things but in the comment period i definitely agree we should be following sequa guidelines 45 days minimum that shouldn't be within the pressure view of the staff to say now it is 60 i think the commission has to take action to extend it but beyond extending it i made a recommendation that the excision should

and it is it the subsequential calendar. next 1, 234.ay will bring them luck. and should journalist james risen be held accountable? >> and our sisters right no. the leakers should be but it is not the journalist job to be the internal, fairs of the cia. >> if it saves american lives yes. >> and it is it a fine line, who doesn't love a brave journalist though? if you would like to join in. tweet me at julie bandaras. thanks for watching. huckabee starts now. ♪ >> the democrat report on enhanced interrogation did not you will hear the other side of the story. hacked sony e-mails. and ivy league schools. too upset from protesting to study and they want final exams delayed. all that and more on huckabee. (applause) >> welcome to huckabee. about the only thing worse is when a loser acts like a winner is when the winner acts like a loser. look

we expect that to improve 70 basis points see subsequentially and 90 basis points year over year to aboutle over 6% in the quarter. >> talk about a way to play the drop in the price of oil. shipping and transportation companies seen as one way, but with fedex shares up about 21% year-to-date have the lower fuel prices been priced in to the stock? >> well, it depends on where fuel goes from here. if it continues to trade down, we could see further benefit. i don't think that the fuel prices are fully priced into the stock at this point. i think that you can say in any given quarter a 10 to 15 cent benefit from fuel. it just depends on how quickly it drops. that's an ongoing process of pricing that in. more importantly, it's what revenue growth is doing. we have that growing over 35% in the quarter and the continued benefit from the cost reduction programs should be the factors that drive the stock over the next 12 months. >> with growing e-commerce sales another boom for the company. arthur hatfield, we're going to leave it there. managing director at raymond james. >>> coming up, sony pic