>> hi, i'm tom lee i live in chinatown and my family live in chinatown we don't own a car many folks in chinatown don't own a car. we had to drive her - her friends drive us because they're low volume source of things we can't get in our neighborhood. basically, the choice is the big store you guys have great values to protecting people knowledge in your neighborhood. okay. thank you >> thank you. >> any public comment on this item?. okay public comment is closed commissioner antonini >> thanks a few rejections on the record that was very good. i think at the very gossiping while you went into details about having areas that do and don't have controls but it seems like the controls with our highest amount of formula retail and a highest amount of shopping those areas long predate the controls to u dell and in the financial district are loaded with lots of formula retail because they draw from an area far outside of san francisco where people within san francisco so f even if there were no controls we wouldn't have seen the proliferation and the proportions in those areas it's importa

president's announcements >> i want to make a couple of comments and one is that i want to congratulate tom lee for appointing marlin to the fifth floor, intake management and she is doing a great job and i think that i am just so pleased to have someone up there who is actually share and actually does for herself and so it is great on that and the other part is that i do want to mention too the tracking part of it. i like the way that we can get information on-line for the permits however, if we show that if there are any drawings for the permit or not and for that you have to go to planning to the website, to the planning website, you will be able to see if there are drawings with the permit or not. however, the other day i was looking through the permits and as it turned out, the planning was wrong and the word was wrong and so, i am hoping that maybe with the new tracking system we can actually show also on these points not because the people who don't want to do the research and what was the drawings on the job or not, because that helps towards reseven and so just, the two comments, thank

tom lee was on "in the loop" this morning.we really matters for the next few years, i think it will be corporate balance sheets. i think they have been cautious, needlessly cautious. capital stock needs to be replaced. coming.a caps fan cycle look at consumers, hugely thertant to the economy, deleveraging cycle i think is done. banks are beginning to ease lending standards which have been unusually restrict it the last few years. can see it in measure data. fannie and freddie -- last year the average fight those score for an improved loan was down 13 points from where it averaged from 2009. almost 30 points higher than the early 2000 cost. we have room. >> not all investors have the same bullish sentiment. one man pointed out -- terms easing is done in of more easing. the fed has been talking about ultimately tightening which has of thebeen a bane markets. growth has been relatively modest. people point to weather. have risinge commodity prices. crude oil is up from its recent january lows. you are starting to see a tightening

equity strategist tom lee, find out which are the big money makers on the sector. the green this morning, the dow is up 54 points here. s&p is back to 1872 trying to make up lost ground. let's bring in tom lee the chief u.s. equity strategist with jpmorgan joins us this morning. good to have you back. >> carl, how are you? >> i'm good. we've had a few cascares, ge geopolitics but you are steadfastly bullish, right? >> that's right. i understand why investors are a little shaky. there's a lot of talk about valuation and as you mentioned there's a lot of things in the headlines. but you have to remember, the most important thing that i think supports this bull market is we think there's a lot of pent-up demand, you know, it's consumers' balance sheets look much better than they did five years ago. corporates have not spent on cap-x and there's a construction boom coming, so i don't see why we should be worried about the short-term noise and focus on the fact that we're in a bull market. >> you've made the cap-x point a few times and you've been largely right at least

we wish tom lee well.out where he's going. >> hopefully he'll return us and join us in some other capacity. >> thanks so much. >>> investors are running for cover. heading straight for gold and gold stocks. we break down what's behind that trade. more "fast money" up next. maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and e

we will get to tom lee, who was on "in the loop" this morning, defending his call that the s&p will closewhat matters for the next few years, it will be corporate balance sheets, companies with a lot of cash who have been needlessly cautious and it has resulted in a situation where capital stock needs to be replaced. i look at consumers, obviously hugely important to the economy, we have a record from stocks and housing credit leveraging is done and banks are finally beginning to ease lending standards, which have been unusually restrictive for the last few years. >> what tells you that? >> we can see that in measured data. data from fannie and freddie last year, the average score for an approved loan was down 13 of 2009.om the average but it is almost 30 points higher than it was in the early 2000's. >> but not all investors have the same bullish sentiment. the chief investment officer at armored walls -- armored wolf pointed out to trends that could lead to a pullback in the markets. >> the easing is done in terms of anymore using. the fed has been talking about ultimately tightening, w

he has been rapids with proclamations from -- recognized with proclamations from tom ammiano and ed leeagents say chow was laundering money, selling stolen arms and contraband cigarettes. >>> state senator leland yee has been an advocate for gun chrome. more from anne makovec who joins us live from the newsroom. >> reporter: yee was a vocal gun control advocate especially in recent years. but at the same time, according to the feds, he was building connections with international arms dealers. >> to have allowed the bad guys to be able to have a weapon that will continually shootout bullets. >>> reporter: that was leland yee talking in 2012 after he had watched kpix 5 investigative report on legal assault style weapons in california. those guns are legal because of what's known as the bullet button. it's a device that allows a shooter to quickly swap magazines on ar15 and ak47 type rifles while still abiding by california's strict gun control laws. because of our report, yee introduced a bill calling for a ban on the bullet button. >> this is not a easy issue. i'm a father, i'm an indivi

brags about his good deeds of how he has been recognized with proclamations from assemblyman tom ammiano, mayor ed lee and senator yee. but the undercover fbi agents who infiltrated his alleged crime syndicate say in reality, "shrimp boy" was laundering money, selling stolen arms and contraband cigarettes. ♪[ music ] >> reporter: and san francisco police believe "shrimp boy" was behind the still unsolved murder of businessman allen leung, the former tong leader who "shrimp boy" replaced as leader of the tong. leland yee kpix 5. >> "shrimp boy" is still in jail. he is not allowed bail. he is considered a flight risk. >>> another high-profile suspect is keith jackson a political consultant and former san francisco school board president. he is accused of being the middleman who brought all the players to the table. parts of the criminal complaint read like a spy novel. you can read the entire thing on our website, kpix.com. >>> let's switch gears now and talk a little weather. i guess the bulk of the rain has gone out. we get a break. >> we did see less than an inch of rain yesterday but it was a soaker

lee (clapping.) >> good morning and thank you to tom o customer local 78 and to the cancer prevention fountains we're pursuing proud to raise awareness and address this important issue an issue that disproportionately facts our folks. but not only are our active but retired members and it includes the families we want to raise awareness and get the word outline we're concerned and do all we can it protect our members who put their lives on the line everyday for city and county of san francisco. now i will introduce a big supporter of the fire service and fire department that's a privilege to introduce our 43 read mayor mayor ed lee (clapping.) thank you, chief. good morning, everyone well, to city hall. first of all, i want to thank the chief for the introduction and leadership in the department thank the fire commission but today it's all about the firefighters. and i want to indicate to you very strongly my stance with our firefighters. that as we ask them from day one to take on the life threatening risk of savings accountability 0 people and going into buildings and getting on top of the building

that's what i'm so happy to see the tom cruise, lee, and there's lots of the now. really great things. the fight over benghazi, nina, on all these issues. when you fight, people get excited and they get passionate and they come out and there's a cause. we should be very careful about, you know, there are principles that definite divide us from our political enemies. but be very careful about what those principles are. >> when he talked about george h. to the bush squandering much of the reagan legacy, and i couldn't agree with you more. i remember the first thing george h. to be pushed, an and i like them in person, said, and i cringed when i heard, he said, we need to be a kinder and gentler america. implicitly, kinder and gentler than ronald reagan. the republican party isn't yet up to tea party standards and i don't think i've will be because of soft districts, but it really has changed. the days of rockefeller republicans, that wing of the party is gone. a little rikers and the john cheapies, they are gone. a soft republican is different efficiently of what the

from tom kane,ip a republican, and lee hamilton, a democrat. they would do a press conference apart from one another. there was no democrat or republican pride in authorship. they appeared together every time they did any kind of press, so they would be on message together. that was a message to the five democrats and five republicans that politics should be put aside and facts and recommendations should be the ultimate mission. of huge cooperation forgetting to the end mission is the cooperation of the agencies involved. the 9/11 commission ultimately had big cooperation across the agencies for access to documents and to get support for briefings and follow-ups. that helped us with the lines to succeed. finally, we had a talented staff and experts in different areas that helped us on the commission. john gannon, we hired him as the executive director. he has 30 years of experience. we are in the process of trying to hire more staff. that will be a key issue in terms of our long-term success. chairman, ir. remember the lesson of my fifth grade

my name is tom decaneey and from the arts commission. i would like to welcome mayor leeer members to celebrate this exciting ground breaking. i would like to acknowledge commissioners here. bell entrance, commissioner striker, commissioner shoit a, commissioner roberto and former president johnson maybe here if he's in the audience, wave your hand. their presence under scores the city's cultural center. for those of you who don't know we have six citywide cultural centers. four buildings and including the african american cultural center and latino arts in the mission and south of market and here in the bayview. it's a great honor to have these central hubs in these communities to ensure we have one in every neighborhood across the city. with that, it's my pleasure to introduce the strong support of the arts and arts commission someone increasing our grant budget for this last year for our cultural centers and cultural equity grant. my great pleasure to introduce mayor ed lee. [ applause ] >> thank you. welcome to the bayview? [ cheers and applause ] >> first of all it's

lee. >> i can't hear you, tom. is somebody hurt?ah. >> we'll get somebody right there. >> okay, right away. >> exactly one minute later, another witness to that same car accident calls 911 for help. >> 911, where is your emergency? >> yes, i'm calling to report an accident on brinker hoff -- >> and juanita? >> yes. >> people are injured? >> yes. >> we're en route. we'll be there shortly. thank you. >> people are injured? yes. okay, we'll be there shortly. here's what we know happened after those 911 calls on the morning of monday, september 9th. we know it was not two but actually four people who were taken to the hospital as a result of that car accident. we know that it took emergency responders more than twice as long to respond to that accident than it should have under their normal protocols. it took them nine minutes to get to the scene of the accidents. it should have taken them less than four minutes. we know why it took them so long to get to those injured people in that accident -- it was traffic. emergency responders were

on what tommy was talking about lee was of -- tom talking about, sunlight. quoted inandeis got my written testimony as well in terms of the states being the laboratories of democracy. to0? that his saying, >> it is a great one. >> i use those quite a bit. was there anything else he said? data and itke the is disinfected to have the force of better data, but also to prevent corruption, fraud, etc., but also to use the data to learn, how to improve, and take inse state laboratories democracy, but if there is no scientist, how are you going to learn? one of the things the committee could ask is is there a scientist, whether the federal agency or the agencies supporting others in academia or whatever and as robert was talking in terms of does it-based, how work. we need to figure out how to do it better and at a lower cost. that gets to be a huge potential. >> before i turned to mr. shea, i want to quote a former vice chairman of the federal reserve. we had a hearing for the finance peopleee, very smart testifying on deficit reduction. thatid in his testimony he

in the past several years, assemblyman tom ammiano, fiona ma and san francisco mayor ed lee honored himlamations for his service to the community. and just last friday night, chow was honored at his tong's annual dinner. he was again at the place of honor sitting in the center. merchants here in chinatown who know chow reluctant to talk about him. they all refused to say anything because of fear of reprisal. my colleague da lin spent the day here in china. were they shocked to hear about these arrest? >> that was the word shocked. leland yee is a very well regarded and very well respected politician in the chinese community. with the fbi raid a lot of folks wondering how will this affect the image of chinese- americans? >> i was pretty shocked. >> reporter: not just shocked but also saddened by the arrest. just a few weeks ago, chinese community leader carl chan worked with state senator leland yee on a bill related to affirmative action. he has known yee for many years. he says the politician is pretty straightforward. >> whether he agree with us or northern there are times he would te

lee >> thank you (clapping.) well happy new year i want to thank supervisor weiner and supervisor chiu they're for better and improved transportation tom nolan is here as well as his assumes a fact not in evidence i want to thank them and tilly. i want to thank the bay area council jim has been a great contribute to us here in the bay area as we should tell our transportation issues in the city. it's better to start up the conversation with the corporations that are employees and resident are going to figure it out better and working with the commuter shuttle companies as well as the companies that are hiring our residents. it's a great opportunity to talk about this because guess what our transportation needs are great and we reflected that i think in a serious document we recently rolled the transportation documented that ed reiskin 2rikd so much to envisioning our needs. today, we're talking about a challenge something that is a recent phenomena but been in the eyes of the folks it's the commuter shuttle that have been taking our resident and others to their jobs and be it a silicon valley company or medical compass or university th

have mayor ed lee who is co- sponsoring our bill and 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 building the legislature respo

tom is going to want a lot of mustard. i think it is safe to say you would love it you. -- love it here. the stadium was built by lee and given to the team. is it a good deal for lee county? that is what we will be talking about today. >> wonderful, mike mckee. great to see you down there. you look great in a red sox shirt. i notice there is no $35 parking. only $10.is but for the grapefruit league, that is really expensive. but everything at this park is first class. the question is, is it worth it? is a sportsr economist at the university of south florida who has studied all this. he is kind enough to join us this morning from tampa. dr. porter, the county says it is worth it to spend hundreds of millions of dollars to bring the team in but your research suggests it is not correct. >> good morning. yes, that is what i found. that? is the county says we bring a lot of people, they come from ice cold places like minneapolis and boston and they spend a lot of money in our community, so it is a good thing. a couple of points are important. first off, we never really found any evidence that ring training has much to do

hate >> i'm tom commissioner hurtado you've been here 6 or seven years i'm a native san franciscan and we've rated our kids in the city and i was appoint by newsom and reappoint by mayor ed lee. i used to do those community meetings now i'm an attorney at the law enforcement but i was a district attorney and being a united states district attorney we like to come to the community and meet every wednesday and hear if the same folk at city hall every wednesday night. we don't get a prospective in the community. i see different faces and hear from the captain and everybody that's involved at park station. it's great to be here. i know the last time, we met in parks station i remember there were voices here and thanks to the chief bring forward our worries and opinion. we'll go into the chiefs report >> i'm with the chief and this is the chiefs report. >> good evening, commissioners. public i'm greg suhr the chief of police this is my third year as chief. i actually worked for your companion forever when i first came here but prior to that, i was the grocery deliver guy for the cal and when all those people are asking for congratulating on street since i lugged groceries up and

must understand is that blackstone or any these banks their money is procured riskless lee they do not that's what tom perkins the guy over there at the venture capital firm in san francisco who recently equated the plight of the leak to the whole cost for two. ok tony perkins is a guy who's made a billion or half a billion without taking any risk that's the key he's not a capitalist he is the he is stalin on steroids tom perkins in other words you just rapes and pillage and stills and groups and then he says oh my god i'm a victim oh i stole your one little bit i'm only a little low down perkins is the worst excuse for humanity that ever crawled out from under a rock so the loans from wells fargo will be to people with credit scores as low as six hundred which is the former sub prime to six forty but cities are service and corporation the country's biggest subprime lender plans to package the loans it has made into bonds and sell them to investors citadel has lent money to people as credit scores as low as four ninety although they have to pay interest rates above ten percent far above the roughly fo

lee legal. the judge perfectly legal. according to the state's high court, the practice called " up skirting doesn't violate the law because according to the so-called " peeping tomtten 10 years ago says it's only a legal of the person is nude or partially nude. the ruling stems from the case of a man charged with twice taking up skirred photos of women and the bus. the district attorney says it's repulsive behavior and easy ride from the legislature. >>darya: remembered that sinkhole that swallowed a bunch of cars at the national corvette museum in kentucky last month? well, crews are slowly recovering the cars hoisting them of the whole and taking a look at if they can be salvaged. eight corvettes fell into the same culprit this is the fifth one recovered. it's pretty smashed up. the sinkhole opened up early one morning last month right in the middle of the museum for the cars were on display. >>james: the maker of the popular roku media boxes for tv has a smaller product. the roku streaming stick was unveiled this week. the $50 device plugs into an atm my porch on almost any new or tv. -- hdmi. it allows your stream wireless content from roku apps, including n