of san francisco, which often times is underserved and underrepresented and undervalued and underappreciated. we're going to take that course together through our collective efforts and we're going make that the no. 1 private/public course nine-hole in the country. that is our goal, but we need your help to work on that. i appreciate very, very much that you would hear us all today. i know margaret -- are you going to make a report? i don't know, oh, tom did. so i'm asking to you please support this resolution. please go down this road together with us, with the other city departments and please always be a friend to labor, organized labor and the community workforce. thank you very much. >> is there anyone else who would like to make public comment on this item? being none, public comment is closed. commissioner buell. >> mr. ginsburg. >> thank you, commissioners. i will throw my hat in the ring. it's tough to follow brother courtney at the mic, but i will give it a shot. we're very proud to support this. it touch on some very cornerstone themed for our department and frankly our city that

that takes the imaginative polity, which is underappreciated and politics and the willingness to takes. she is so close to the presidency, don't take risks, just coast in paris that rarely works. -- just coast in. that rarely works. if charlie: can you develop that at a late stage in life? david: that is a good question. it is hard to think of people becoming more imaginative as they become older. but at some point, you say what the heck. lincoln, the gettysburg address. i assume she is capable of doing it. since between 1960, and barack obama, 60 senators ran for president. none one. they were not willing to take big risks and you doeat dirt. that, i think she can do. charlie: you think it is an appropriate test? david: it is part of being president. it is a tough job. charlie: do you approve of the iran nuclear agreement? david: i do not. what is the nature of the regime? are they lennon or -- lenin? if they believe in their revolution we can cut whatever deal we want and they will still try to export it. if they are gorbachev, they don't believe in it. it will take advantage of the

i believe paul robson is one of the underappreciated and undervalued. we talked about any friendship with maya angelou. my book coming out i believe that maya angelou is america's ultimate renaissance woman in black. i don't know -- i challenge the viewers right now to think about this with me. i can't think of another black woman who has been more of a renaissance woman than maya angelou, who has done so many different things and done them well. a lot of greet black females. i don't know anybody who is more renaissance woman than american history than maya angelou, and i feel the same way about paul robeson, those are we two persons to the ultimate renaissance person male and female in black america elm we'll see what people think about that it. >> host: an e-mail, what are your authorities on the movie selma. >> guest: i am -- a good movie. i enjoyed the movie. i'm a bit chagrined and concerned about all of the pushback that the movie is now starting to get. just this morning i appeared on this week on abc, while here in town. i was flipping channels

i concur with you wholeheartedly, paul robeson may very well be the most underappreciated american that we've ever known. as many as i say dr. king may be the greatest american we ever produced. that is my own assessment, maybe greatest american ever, i believe paul robeson is most underappreciate, undervalued americans ever. we were talking about my 28 year friendship with maya angelou my book coming out my journey with maya coming out later this year, i think she is america's most renaissance woman in black. i challenge you to think about this with me. i can't think of another black woman who has been more after renaissance woman than maya angelou. done some different things, done them well. a lot of great black females but i don't know anybody more a renaissance american woman in history than maya angelou. i feel same way about paul robeson. those would be my persons ultimate renaissance persons male and female. we'll see what people think about that, peter. >> host: carol from memphis emails, what are your thoughts about the movie "selma"? >> guest: i saw it a couple weeks ago. it w

imagination that can combine things in new ways, and that takes the imaginative quality which is much underappreciated in politics and the willingness to take risks. the natural thing in her point of view is she's so close to the presidency, don't take risks just coast in. that rarely works. you have to take the final risk. >> rose: do you develop that as late stage in life or is it something you have exhibited throughout your life? >> that's a good question. i think it's very hard to think of someone who got more imaginative as they got older burks at some point, in a life, you just say, what the heck i'm just going to take the risk. lincoln was the gettysburg address he just took a risk. i assume she's capable of doing it. since between john kennedy and barack obama, 60 senators ran for president and their record was 0 for 60, they all lost and they all lost for two reasons, they weren't willing to take the big risk because they thought they were close and just took baby steps and two they weren't willing to eat dirt. running for president is eating dirt or for two and a half years. you're running a

>> i think is underappreciated with morgan stanley, this is a decade and a half turn-around.r since thewhitter acquisition, they didn't get their act together. they're finally getting it in sync. unfortunately for some advisers, pay isn't going up as much as before. if you're a client of morgan stanley, you're more of a client of morgan stanley than you were in the past. at the same time morgan stanley is expanding their bank within the firm. if you're a financial adviser, you're not only delivering the stock offerings, the financial advisory, you're also delivers more bank products, that's good for the customer and good for their margins. >> you're still hating on bank of america? >> just if you're watching the show -- >> you have a sell on it. >> we still have a sell. if you're watching shothe show. pull up the ceo letter of bank of america and see what they have to usa tell me what their priorities are, did bank of america meet its financial targets last year. yes or no you won't be able to abs that question. i can't tell if you bavg of america met its targets last year. b

the most underappreciated skill for a politician is imagination, the ability to put new things together in new ways to have creativity. she's shown a lot of great skills over the course of her career. she's not shown that one. i think they're asking her to show skills and offer a package. the instinct from the campaign staff is we got a monopoly here let's not put out anything it'll give people something to attack let's hang back let's be grandma. but that's the wrong strategy. i think de blasio is right. >> this goes to caution and her being risk averse. that's her history. >> she's right to be cautious. but when you see the retread of the republicans' arguments, it's just frustrating. i always say, what's wrong about -- all the things they say are wrong about hillary clinton doesn't make any of the republican arguments or any of the candidates any better. you know i think the thing that's strong about the democratic party is we have a solid field. we're excited about hillary clinton. we're excited about all of the other people. >> are you endorsing her? >> as dnc secretary, i cannot.

do you feel underappreciated here? >> sometimes. 'cause there's times where we don't talk, we don't communicate. >> why is that? >> [sighs] you know, i have a lot of ideas. i'm full of ideas. >> mm. and good ones, too. >> i don't have time to discuss things for 45 minutes to an hour. it's just, i'm wired differently. like, i can't sit and talk about stuff like that. >> if you guys can't communicate as business partners, you can't be in business together. if you can't tell him what's wrong, then you shouldn't be in business together. >> [sighs] he and i really don't, you know, hang out, and... [sniffles] [sighs] i just want us to click. right now, it's not clicking. >> coming up... the catch to this deal is that i'm in charge for the next week, which means you're not in control. and later... >> the furniture that we have now, it does not match the--the decor of-- >> [bleep] your decor, man! let me talk to you about retirement. a 401(k) is the most sound way to go. let's talk asset allocation. sure. you seem knowledgeable, professiona

which we think is underappreciated. >> you're looking at 39.8% in gross margin versus the street estimateich is 39.5. to get back to the stat i cited, for every one million iphones on reported basis, that moves revenues by approximately $630 million. or about three cents a share. to take the other side of this toni, though, margins can improve because of the iwatch. but the overall, what happens to the overall revenue especially as we come on a year anniversary of the release of the iphone 6 and coming up on much tougher comps? >> absolutely. think those are the trade-off issues in the stock. which is, there's going to be a really tough comp. we do believe that the iphone 6 is effectively pulling forward replace mtsz so a that certainly runs the risk that when we anniversary that in the fourth quarter, calendar quarter of this year, that apple revenues could go down. now, on the flip side, you know watch will be all new incremental revenue. and we believe that you know, watch margins, gross margins could be 55%. which is higher than the mid 40s kind of gross margin that we see on iphone.

i think this kind of disruptive power is underappreciated and it is going to be quite significant. i'm actually in favor of the fast track for negotiating trade agreements on it. we often find an effect on the cause and try to get it wrong. we want to attribute it to the most obvious thing rather than something more subtle. we thought the internet economy was an amazing thing from 1995 to 1999. i do not see how it all the sudden became a disastrous thing in 2006. i do not think that is possible. the other thing that i would say is that i do think that trade does circumscribe some of the things that we do. we could not, in my opinion restore unions to where they were 40 years ago without having very substantial effects because we face and we do not have the rents and market power. you can point to countries like germany that have much stronger unionization, but german companies are outsourcing to eastern europe. on the other hand, i also want to point out that we bring a very western perspective and globalization and technology jointly have brought more human beings out of poverty i

what has been underappreciated is the indirect effects of energy and gas slow down.ng it from industrial companies. it is broader them we thought initially. companies that don't have direct exposure to oil and gas spending are seeing a slowdown in their business. that is temporary. once we get through this in the first quarter, second quarter maybe, you'll see the underlying trends i think get a bit better. on top of that, the boost to consumer spending from lower energy prices i think is really yet to be very clearly evident in the economy. that's another thing that should help us on the way up. andy: you heard the closing bill -- andy: you heard the closing bill. the dow looked to be closing down by about 1.5%. at one point the dow was down by over 300 points. alix: so finishing off the lows of the session. the nasdaq also off by 1.5%, down by almost 76 points. and the s&p off by a little over 1%. the s&p falling for two straight days, looking at its lowest level since the beginning of april. so nevertheless a quite dramatic slide for the markets today. we also wan

the disrupted power is underappreciated so it does not have -- i am in favor for negotiating trade agreements. we want surgery it to the most obvious rather than something more subtle. we thought the internet was amazing thing. i don't see how it became. i just don't think that's possible. the other thing i would say is, i do do think that we are, you know, the trade does circumcise some of the things that we do. .. >> >> at the same time they have concern but my worry more about indian textile workers in general employment patterns in the u.s.. talk about utopia to have solar cells but but i think we should be thinking about technology working hand-in-hand at this point. even in the '80s if this is quite out of date still has not permeated the consciousness. >> i want to agree in part. but first because they are strongly associated with each other. we would have more but not for the use of transporting a cross-country but for the technology represented in their great deal else. what we call trade tied up with the technology. i would disagree respectfully on one aspect. i agree with david in

yes, q 1 and q 2 will be ugly but there are down side risks that are underappreciated. >> don't look but it's actually higher year-to-date right? that's what's amazing. the stock is actually up 4% year-to-date. it's not burning down any houses but it's up 4% right now year-to-date with many other oil services companies down. perhaps the analysts noting that as well. >> if you take a look at the pe this might be interesting to you, brian. the current p.e. is 16. it's roughly the same as wal-mart. it is cheaper, though than both in order strom and costco as well as limited. garman. everybody left this for dead for so many quarters because it was going to suffer supposedly competition from a lot of the smart watches and, of course the launch of the apple watch. pac crest is lowering estimates because of fx but saying valuation and healthy balance sheet are backstops to the competition concerns. 31% of garman's market cap is hash. >> i love this story. garman has 1.approximate 6 billion in cash. they have now for going on about five years. sales have actually ticked up. the average ratin

. >> the big discussion about building a franchise from scratch these days is not an underappreciatedort. >> do we have "fast & fears youurious" at the universal theme park? >> not yet. >> but the numbers are incredible. >> they're very exciting. >> and to your point, you need to -- i mean most of these movie studios to a certain extent are twinned with whether it be consumer products or a ride at your theme park disney obviously the model there. perhaps the best. paramount perhaps the least because they don't really have that going on in tv or consumer products as much. and their return on investment capital is low. but not the case for any other studios. but not necessarily paying for that. >> to start a new franchise, to start john carter or whatever. you get this -- vin diesel is bankable. >> did you see the pictures of him and mark zuckerberg together? chip, do you have that ready? it was vin diesel who by the way is i'm sure doing very well after seven of these. >> oh, yeah. i wonder how much tesla he has. probably a big tesla owner. >> i guess we don't have the shot. >> they sh

peace corps is doing every day i feel so happy because i think it really is one of the most underappreciated positive attributes of america's soft power in the world. this is in part an opportunity to celebrate what we should celebrate every day consciousness about what the peace corps is doing. this particular session grew out of a painful experience. about two years ago, one of my goddaughter's was gang raped in a university here in washington. i'm still very angry about it. in the context of that -- i reached out and in the context of that i learned of the work you were pioneering at peace corps. i want everywhere to try to find what i can do, i was so unhappy and wanted to confront the university about what i thought was an quite uncaring attitude. and approach. in the context of that i learned of the work you are doing. i had not really understood how complicated the environment is. for this issue, for peace corps volunteers, they are posted forward and often alone and there isn't a support structure around the overwhelming image that america sends through the movies and tv is of a lice

i think there are underappreciated value in some of the areas of the index that have been beaten up thisr, and that's what we think the second half of this year will be all about is some of the names exposed to europe. some of the materials and industrial stocks. you think the second half will be a bit of recovery and the stocks have had some considerable pressure so far this year. >> interesting enough, you think there is a change. you changed to underweight in europe after being overweight for six months. why? >> well that stock market area has boomed in the last six months and earnings have not. so valuations have gotten up to very, very high levels. we just want to wait and see earnings bounce back to justify the current valuations. essentially for the s&p we're looking for about 2,270 at the end of the year, so we're still quite positive. we've been overweight equities for three and a half years now. >> just around where gina's target is. thank you very much, gina and john. go to power lunch.cnbc.com right now to see why john also thinks that commodities are trading higher. that's p

ohio is home, but the north coast is underappreciated by my wife. >> guest: john kaysix. >> guest: greats he is never made a mark in media. he never gets a break. >> host: next call is tom in rosewood. >> caller: hello. i believe cicero and the greeks had a saying which was adopted as the motto of the university of north carolina amanda goes like this, to be rather than to appear. i think it is a profound saying. i am wondering i am wondering how you contrast that with hillary clinton. >> guest: he was a greek -- a roman. i guess said earlier, the excitement around hillary is because of what she was to be not who she is. i no she has some deep admirers and loyal people but you would be hard-pressed to find people running around thinking that she is going to change much. she is not a quantity that ignites enthusiasm. it is going to be an effort to coldly calculate where the votes are collect them, and get them to the polls. she will be the 1st lady president and hopefully she will persuade people she is more fatter than a historical footnote. >> host: from the colony texas. >> caller: hel

filibusters to poison pill amendments to objections to routine unanimous consent requests and often underappreciated but incredibly important tool to chew up valuable time, senators in the minority have numerous ways in which they can grind this body to a halt and derail a measure. senators on both sides of the aisle, myself included, have relied on these means before. their use can be quite legitimate when employed judiciously and motivated by serious policy disagreement. however, when employed indiscriminately for the purpose of frustrating the operation of the senate for partisan gain, the use of such tactics is deeply improper. the appropriateness of the minority's behavior hinges in large part on the actions of the majority. with the power to decide the senate's business, including what the senate considers as well as how it considers it, the majority's behavior rightfully shapes the minority's response. majority restraint requires minority restraint. beginning productive legislating whereas majority overreach invites minority intransigence causing only dysfunction. mr. president, the senate's