sweeney works closely with mrs. temple on that. >> my other question, thank you very much. >> thank you. >> my other question is on the crs work force, it is decreased by approximately 13% in the last eight years. you lost 92 ftes and 22% of staff will be eligible for a time this year. to let that sink in for a moment. given the crs process is over 60,000 requests and a quarter of staff will be eligible this year. what is steps are you taking to retain current subject matter and to recruit new qualified experts and how can we support your expert? >> this fiscal year request is for 20 additional ftes and those are more senior analysts and lawyers who'll give more depth to the crs services. that's in addition to the eighth that were put on last yea year -- last year there is an active mentoring program going on right now and they are very aware of the need for knowledge management and in fact, i-team modernization is helping in terms of the capturing of information and knowledge and crs are working on it as well. 27%

paul sweeney: we see across the board. it started with amazon.eff bezos and amazon have done an amazing job conditioning the marketplace that if you can demonstrate to me the long-term growth targeted addressable market for your business is big enough to warrant big-time investment, the market will support it, and that is what amazon has done over the years -- to really drop every amount of earnings they had back into their business. other companies have started to see if they can really condition the street that they are going after a significantly big business opportunity, and that the returns on this investment will be there, that the street generally gives them a pass. we had seen it from alphabet. we are starting to see it from facebook. facebook had another big quarter of expense growth, and that was generally supported by strong revenue growth. these companies generally divide high returns to investors. emily: facebook has recovered about two thirds of what they have lost so far since the cambridge analytica scandal broke. abigail, what ar

i'm not the design expert, so i'll turn that over to the department of building inspection ed sweeney. >> good afternoon, commissioners, deputy director. to your question about design, it's a case by case basis, of course we would like it -- what you're describing is a hardship. we would take it, analyze it, it would probably have to go to planning. and again, it's a case-by-case basis. in the scenario you're talking about, i think that would be reasonable and we probably would approve it. >> ok. if there is -- >> we would prefer the primary entrance to be accessible, but if it's too much of a hardship, we would consider it. >> and my second question was, how come clubs are except on making the entrance accessible? >> i didn't write the legislation. i suppose that has to do with the overall title 24, if there is nobody from the public going to go in, it's a private club as defined, they would be exempt. i'm a member of two clubs in town, both are not exempt. it's going to be very few clubs that are going to meet that threshold. it's a very high threshold. i'm a member of the elks, the

sweeney, hello.t put ratings on stocks, but read's come and the reason we do that is we do not do financial analysis. is methodology for our firm deep sources. in our findings we went from a positive rate to a mixed read, at may be semantics on the street. what we did find was first quarter at spending still to 25% for the first quarter of 2017, and as i looked i see the stock trading 167-168. however, on the positive side, pricing metrics are solid for the company. -- ad spent is still robust. as you mentioned earlier before you want to write, instagram is -- doing well. there are a few things that happened, but the removal of third-party data providers, and algorithm changes which occur before mr. zuckerberg's testimony caused a slowdown in spending. it was truly a mixed bag. interviewsrify, the you do to get your reads. -- are theenues numbers you see that dovetail with your diminished read of the company? i have seen some of the headlines come across, once we they carter will see for sure. i thin

joining us is paul sweeney, bloomberg intelligence direct.d costs last quarter that were a problem for alphabet. what do we expect on that front for this quarter. paul: costs and margins will be the focus here. issues,ion to privacy near term be margins, costs and associated costs and a stepped-up compliance issues with data privacy and data integrity. basel be near-term costs back into the system. it feels good with the cfo of alphabet and she has a very strong handle on the cost structure and will deliver measured investment on the capital side. shares havee underperformed because of data privacy issues. anything more sensitive we could see? paul: they are not in the crosshairs heard that was reserved for facebook -- crosshairs. that was reserved for facebook. the data they use and supply to advertisers is going to be restricted in any way and that long-termt advertising products they can offer advertisers, much like facebook. julie: the stock has underperformed this year. if you take a look at the bloomberg, we have a chart. facebook has d

joining us now is paul sweeney.crease in prime membership rates, how much will that add to the amazon bottom line? paul: a big improvement. the amazon story has been a revenue driven story, the company has been pretty comfortable, shareholders have been comfortable sacrificing near-term profits for long-term companygrowth, as the continues to capitalize on e-commerce. the real drivers here in terms of profits start with the cloud. continues torvices put up huge topline growth strong, and very operating income profit margins, better than what we see out of the core amazon business. vonnie: how much growth can we see in fulfillment and data centers for amazon? paul: fulfillment is where they fulfill the orders by third-party players, sellers within the network can actually one of their fastest-growing areas. it is one of the drivers why the company continues to invest significant amounts of money around the world, particularly in the u.s., in developing and building more fulfillment centers, distribution centers, to g

i will be talking to commissioner sweeney about these questions and more generally about the state of online privacy and how to improve it. before we do that, i wanted to pass the mic to my colleague who runs an independent project called ranking digital rights, dedicated to answering another question very relevant to today's proceedings. how well our companies like facebook are user's rights? she will briefly give a preview of how the latest annual corporate accountability index being released later this month will answer that question, then we will move on to my conversation with commissioner sweeney and then our panel with the experts. thank you. >> thank you. i do not want to take too much time other than to let you know the 2018 corporate account ability index will be launched on april 25 and we have a flyer here at april 27th, an event here right in the room. we are planning to talk about it in person to the people who are not in new york. the 2017 index can be found on our website so you can see how we evaluated companies last year, the index ranks 22 of the world's most powerf

. -- paul sweeney.y fight in the ointment and they are a little skeptical or a little bearish to say that is something i'm not totally convinced of? it was pretty good earnings, and people look at amazon historically they sadly at the top line because our company, jeff bezos by his own admission is delivering near-term profits, is putting money back into the business. does the second quarter in iraq when he has delivered strong net income -- this is the second that he has row delivered strong net income, and amazon cloud services and their advertising businesses -- both are growing quickly on the top line, but more importantly they are very profitable businesses, like the core -- unlike the core e-commerce business. that bloomberg is like highlighted is the plan for a collective $16.2 billion in capital project spent in the first quarter. can you give us a sense if you think they are spending this money on worthwhile projects and why investors don't care as much about these expenditures as they do about

sweeney says he doesn't agree with it.today. >>> james comey sat down with bret baier last night for an interview. bret asked a question that kim strassel suggested, she is with us this hour. >>> and, of course, president trump will welcome chancellor merkel to the white house this hour. and, of course, we'll bring it to you. stay with us. yes, this is the third hour of "varney & company" on a friday. ♪ anna and mark are heading into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling

landscape the fast as it leaves are covered for good by these horses for as far as the eye can see sweeney slowly to extract the black calls from the subtree interrupts. he became urgent to build four lane highways all around town in order to accommodate the lines of trucks transporting of kinds of pipes deaves sand and water used to track it. nothing was planted in advance everything was done in a hurry because of the immediacy of the work and the enormous influx of workers investors and the unemployed rushed in chasing neutrinos to grab the pieces of. german gun austrian gun italian american and my rifles just in case i need to kill someone. most americans have guns in their house. and at the foot of my bed is a bible. most of my adult life was spent in universities doing teaching or research i went to the university of maine and got several degrees there in agricultural engineering information systems then i worked for mit on the human genome project. there came a time when there was a recession there was high unemployment i spent a lot of time reading the news on the internet and i kep

the closures will be happening on the miller- sweeney bridge today and tomorrow between 10 a-m and 2 p-m. and from wednesday to friday all lanes will be closed on the high street bridge from 10 a-m to 2 p-m. the bridges are undergoing safety inspections. there will also be closures on the park street bridge starting next week. ( robin ) it was another weekend of protests in sacramento. it has now been more than two weeks since the deadly shooting of an unarmed black man by sacramento police officers. one protester ended up in the hospital with minor injuries after being hit by a police car. the sacramento sheriff's department said the cruiser was moving slowly... the car was vandalized after the collision. the protesters are demanding change after stephon clark was shot and killed by police officers. he was near his grandmother's house at the time. police thought he had a gun... it turns out it was just a cell phone. ( robin ) happening today p-g-and-e will begin building new underground electric and gas utilities in the coffey park neighborhood in santa rosa. that was one of the are

i think it's too premature to judge to jump to conclusions and to make this a pretext but i think sweeney our friends are the worst and i retired next date and of course we can only speculate on the source of this missile strike is what an israeli spokesman spokeswoman rather declined to comment when asked about these these actually have a solo of course they they did launch attacks as you say before what response to expect from the russian government to this incident. well you know the thing is that i think the israeli involvement in the war has deepened and that is a matter of great concern and i think the most important thing is a diplomatic solution weird the saudis work on their proxies on the ground and lead toward me escalation of this whole problem that does not been achieved so far because the company mohamad been so much on continues to believe that he must account for the iranian influence in the region as part of the u.s. goes and the russians who i think they should be working closely together pretty soon from mentioned just a week ago that he wants to pull out of syria and t

we welcome paul sweeney of bloomberg intelligence. they exceeded expectations. went up quite a bit and then sort of settled down again. they peeled back the onion on the results saw a surge in spending. operating expenses up over 30% and the operating income margin declined from 27% to 22% and a second source of spending was capital spending. it became clear as we listened to the conference call last night the cfo said get used to this spending level. david: there was surprising because she was brought in to get her arms around the spending. rein in thenues to spending on some of the moon shots this company has been known for in the past. where they are spending the money today in the bullish case is it's good spending. it's on the cloud. it's on some of their devices. businesses that investors generally are ok with increased spending. the question is really what does that mean for operating income margins and what does that mean for free cash flow's. alix: i was struck by if you take out the chelsea market they capex wasir total like $7 billion. exxon was like

and: jeff jarvis of cuny paul sweeney of bloomberg intelligence, thank you both so much.he commerce committee is going to be joining us. breaking news on volkswagen. ceo mueller is being replaced by herbert diees -- diess. will inflation trickle through? this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ alix: this is "bloomberg daybreak." i'm alix steel. rally s&p futures up 28 points. another asset class is the euro-dollar. dollar-yen is the one offset on the downside. treasuries on the back end. the curve continues to flatten. 40 basis points. a monster rally in commodities. talk about ppi. that is a serious rally. part is trade and part is aluminum. producer price index

vonnie: paul sweeney, director of north american research for bloomberg.g up, i moynihan is making progress on his upcoming goal turkey takeaways from bank of america's results. a quick look at the markets as we head towards 1:30 p.m. in the united states. the dow don't act 1.2%, and the s&p at 1%, and the nasdaq up 9/10 of a percent. companiesd higher by after the amazon news. this is bloomberg. ♪ >> live from bloomberg world headquarters in new york i am vonnie quinn. cheryl.'m we are seeing treasury yields the as investors refocusing 10 year yield of 2.8%. the dollar index falling to the lowest in three weeks. take a look at the emc currencies. up for an peso is fifth consecutive session. msci indexse the falling to the lowest in more than a month. vonnie: let's get to the first word news. here's mark crumpton. mark: british prime minister theresa may told lawmakers today about her decision to join the u.s. and france in air strikes on syrian targets. some lawmakers expressed concern that they didn't consult parliament. but the prime minister told the h

vonnie: paul sweeney, thank you. this is bloomberg. ♪ ♪ vonnie: in new york, i'm vonnie quinn.e from london, i am mark barton. because a matter of minutes away. it is time for the bloomberg business flash. goldman sachs leading the pack 31%, thevenue of biggest increase in wall street so far. they also reported the largest jump in fixed income trading. housing in the u.s. posted earnings that was the highest estimates. anded health is benefiting adding customers and south america to offset sluggishness in the united states. nafi if he has -- some has agreed to sell their company. and will focus on biotech new medicine. that is your latest "bloomberg business flash." mark: stocks rising for the .irst time in -- in three days the highest benchmark since february. ftse up. acts of. -- dax is up. have a look at the currency board. the dollar rebounding from its two-month lows. datave had big u.k. earlier, rising for an eighth consecutive day against the dollar. both gains have come to an end. ♪ welcome to the xfinity store. i can tell you about... streaming the most free tv shows a

the closures will be happening on the miller- sweeney bridge today and tomorrow between 10 a-m and 2iday all lanes will be closed on the high street bridge from 10 a-m to 2 p-m. the bridges are undergoing safety inspections. there will also be closures on the park street bridge starting next week. ( darya )make sure you download the kron4 mobile app because we are the first to alert you about traffic hot spots on your cell phone. plus, you won't go more than ten minutes each morning without seeing robin's traffic reports each morning until 10 a.m. ( darya ) some troubling news this morning regarding that fatal tesla crash that happened in mountain view last week. tesla says the model x that crashed was in autopilot before the collision. that accident happened on highway 101. the driver died in the crash. according to tesla...the driver's hands were not on the wheel for at least 6 seconds before the crash. the company went on to say that the driver also received several visual and one audible cue to grab the wheel earlier in the drive. (ááá2 shotááá) in the east bay... a berkeley man

vonnie: paul sweeney, thank you. coming up, are you ready for some football?nfl draft kicks off tonight. we will tell you everything you need to know, next. that is good because not even the general managers know what they need to know. this is bloomberg parents . . ♪ ♪ ♪ time for bloomberg quick takes where we provide context on issues of interest. share does not always mean one vote. for companies like google, stock is split into different categories. that gives one category greater , and to retain control of the business. investors have been rumbling about this for years while still buying up the shares. regulators decide the ground rules. here is a situation. snap handed zero voting rights to investors in its 2017 ipl. spotify went public via a direct listing, and facebook's model of theark zuckerberg 60% voting power, but resistance is taking shape. september, facebook scrap the plan to create a new category of shares falling action by shareholders, and institutional investors have called for most listings to be removed from equity indexes. shareses that

shery: paul sweeney, thank you.e sure to tune in later today as emily chang weeks with facebook coo sheryl sandberg. conduct next, atlanta fed president rafael bostick gives us his take on the health of the economy and the fed rate hike path. this is bloomberg. ♪ welcome to the xfinity store. i can tell you about... streaming the most free tv shows and movies on the go. yeah, and... xfinity internet. it's so fast! and you can save by... by getting up to 5 mobile lines included. whoa, you're good. i'm just getting started. ♪ simple. easy. awesome. come see how you could save $400 or more a year with xfinity mobile. plus ask how to keep your current phone. visit your local xfinity store today. ♪ david: this is bloomberg markets , balance of power. i'm david westin. shery: and i'm shery ahn. we are seeing u.s. stocks rising today, the dow up 1.1%, off the session high but gaining for 30 consecutive sessions. trade concerns are abating a bit. the s&p 500 is higher for the week, being led by gains in energy and materials

john sweeney has been trying to piece together what is known about the death.xim borodin fell out of the window of his flat. either suicide or an accident. officially this is a nonstory about an accidental death of a journalist. officially there is no question of foul play. the last person we can find who spoke to borodin alive was his friend, vyacheslav bashkov. he got an alarming phone call at 5am. his girlfriend, yulia fedotova, received a disturbing text. then max borodin changed his tune big—time. too much paranoia? his girlfriend, yulia fedotova, received a disturbing text. then max borodin changed his tune big—time. too much paranoia? what happens in the next 36 hours of max borodin‘s life is, according to his closest friends, a mystery. we've tried hard, but we cannot account for the time between six o'clock in the morning on the 11th and some time in the evening of the 12th, when max borodin is reportedly found at the bottom of his block of flats in a coma. he died on the 15th. is it possible that his journalism got him into trouble? in february, borod

john sweeney has reported before from inside north korea. here's his take on kim's game.un's grandad had played host in pyongyang to china. say what you like about north korea family tyranny, they kill people, but they do know how to throw a welcome party. two generations down the track and the adulation for the living god remains strong. kim jong—un's disciples still think he walks on water. kim iii is the most totalitarian ruler on earth. but do not underestimate the cunning of kimjong—un. or the fact he is heir to a family tyranny that puts regime non—change above all. no north korean in the country dare say what they think about kim jong—un. ju—young park is a defector, so she can. but at stake is the denuclearisation of the korean peninsulas. it is worth trading with the devil for that, surely? i think the prospects are not good and they have escalated, inflated levels of expectation and will only contribute to disappointment if and when it collapses. but it is a good one, considering where we were at the back end of next year. we still need to be realistic about whe

we have paul sweeney, bloomberg intelligence in north american research to talk about this. headlines for viewers, zuckerberg is going to say this but didn't do enough to stop any harm, and he is also were to say that facebook is whening data given to apps those apps are approved, working to make sure russian interference has ceased. the are things with expect them to say, but it doesn't inspire is it enough for lawmakers? that we need say to recognize that the scope of the problem in terms of data and integrity and usage by third parties is greater than we acknowledged before. knowledge that problem. number two, we are committed to fixing it. whatever that may be, whether it is hiring more people or investing in more r&d two-week it out -- and number three, they are saying basically that. it is enough will handle this on our own. trying to notably do is, any regulatory momentum coming out of congress -- the next two days for zuckerberg is going to be critical. not only for him, but also facebook. and the tech industry in general, a lot of tech ceos are going to be think att

director of the small business and with me today from the department of building inspection is ed sweeney bill strome and then the president of the access appeals commission walter parks, to help answer any questions. so today we're going to provide you with a little bit of background on how we got to where we are today. some of the program overview compliance and time lines, outreach and education, and the department of building inspection is here to be able to answer any questions around the details of the requirements for property owners. so, on this slide, there is a picture of a corner cafe. and that corner entranceway has a step up and the doors are at 45° angle. this cafe is in a 581 square foot space and 400 square feet was for the dining rather. -- area. now the department of building inspection has numerous solutions to deal with entryways that have been approved by the state architect. and we will see an example in the next slide of one of those equivalent facilitations. so the architect for this business used one of those facilitations which would have included having a ramp w

full kitchen, bathroom and sworn declaration from a neighbor who has dined and been friends with the sweeney family -- [bell ringing]. >> president breed: thank you. we'll open up to public comment for those in support of the appeal. if you're here to provide public comment in support of the appeal, now is your time to speak. you will have up to two minutes. if anyone else is interested in speaking, please line up to your right. >> good afternoon, supervisors, my name is pat. i was born here. my dad was a steel worker. he lived in apartments, it wasn't great housing but i could live here. in 84 when i got married to my wife, we took every penny and we could buy a house barely today, my kids can't afford to buy or rent in the city. what did we do that we priced our children? it's a form of weird cannibalism that we're taking affordable housing, tearing it down and building the biggest thing you can imagine, 5, 6 bedrooms, 3, 4 studios, makes no sense. why are we taking affordable housing and tearing it down? the most affordable we have is this. i'm a neighbor, live on diamond street, next blo

paul sweeney from the labour party, 140th mp to ask theresa may a question out of 140.n two years, opened by sir david attenborough himself. it is chilly this morning because of the breeze. the temperatures are about 10.5, also worth mentioning if you have an allergy to tree pollen, the levels are high across eastern and south england and moderate in wales, northern ireland and scotland. this morning as well as some sunshine, we have some rain coming in overnight across northern ireland where it has been quite heavy and it is pushing is so it is across scotland, parts of the north—east are currently dry. by nine o'clock it would be out of northern ireland and you'll be seeing some showers. it'll go over parts of england and wales. ahead of it, cloud building with brighter skies today across the east of east anglia and the far south—east of england where we will hang on the sunshine. if we take a look at that, you can see how the rain progresses eastwards. it doesn't make huge progress a cross eastwards. it doesn't make huge progress across parts of england, and you'll a

friends of ed sweeney can get anything they want. they can have hidden from planning all manner of violations that would be apparent. if the two departments cooperated, the lost fees from hiding scope of work cost the city money, the collapsing buildings cost the public its safety. the lack of inspections undermine the confidence that should exist with multimillion dollar properties. the uneven playing field encourages others to cheat, and the result is a city out of control with illegal work and demolitions and $600 persquare foot profits on every rule that can be broken. you should change the codes to agree on demolition, but you may need to clean house in the departments before any enforcement comes from it. >> president hillis: thank you. next speaker, mr. welch, and if there's other speakers, please lineup on the screen side of the room. >> thank you very much for a critically needed hearing, as you've heard. i'm -- would associate my remarks with mr. webber's and miss gallagher's and expand them to say that we're now on the ver

accessible entrance business program and supervisor tang met with the director and the deputy director sweeney and the office of the small business and some other folks. there's been a fair amount of comments coming in from small businesses to the supervisor about how much time may be needed in order to meet the initial compliance deadline for these checklists that was going to be may 23rd. she has agreed in principle to extend that out. we're thinking probably to a deadline closer toward the end of the year that will give people a little more opportunity. as was mentioned in the president's announcements we did send a second notification to approximately 24,000 of these small property owners that we think are going to be in this program. to date we still have not had very much of a response from the two notifications late november, early december, and now this past week. as we know constant outreach and communications is necessary in order to make owners aware that they do have a compliance issue here. and particularly those buildings that are already exempt. we think that out of those notifi