bank and men's wearhouse. it's official. men's wearhouse trading up by more than 4.1%.r joe ef seph a. bank, up. back to you. >> with me is cnb contributors. ben, i'm going to start with you. he sees a good growth path and he sees his goals, the fed goals achieved within two years. what did you think of the conversation? >> the one piece i didn't hear mentioned in passing is that the indication of inflation and when you're able to keep interest rates below normal in 2016. thing that's a key factor for all central banks but particularly the fed. when you listen to mr. williams, the practitioner of the art form that's never been seen before, this was a play book created by another fed chair and how you're going to unwind the stimulus they've created and the real factor is going to be the inflation clause of whether north they'll be able to keep the dots in place. >> and abigail that has not been easy. >> no, it's not been easy. my take on this interview, i'm impressed by john williams' confidence in the recovery and the idea that we may move up to 3%. i'd like to see the

outreach and if we applied as a steward for holliday were any community that we have any men's wearhousing it iply understanding is that it goes before the board of supervisors. thank you. >> paul weber and i have questions on process. the way the mechanics of creating a steward, which basically will be the enterprise that will operate these plazas is to submit -- to issue an rfp and that process apparently follows possibly some fairly serious negotiation between a possible steward or manager and the city. and under the legislation, once that concept has been created, the city puts out an rfp. but the legislation does not require a hearing unless two or more bidders show up and then the only question to be decided at the hearing is which among the bidders is the best bidder? it doesn't appear to address the question of the wisdom of the proposal in the first place. this we think is something that the businesses and the neighbors and the residents of the area ought to have a say in. so we would propose and i'm happy to work with the staff, who have been very cooperative with me and providin

. -- men's wearhouse and joseph a banks are closer to combining. has finished their probe.said buying a suit online does not seem obvious to most people. thank goodness for that. everyerg is on the market half hour. have a fantastic weekend. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of business. i am emily chang. a check of your top headlines. it's a players a cast -- it appears a class action lawsuit will go to trial to determine damages. apple had challenge a decision that in the case, class action status had rejected that. apple is still appealing last said --olling which is which a judge that they violated. has ar engineering head stepped down and will move to an advisory role. replaced isill be the latest executive to leave anlowing the departure of engineer. he has made no secret he wants to speed up innovation. ceo mark zuckerberg and his wife make another major donation to schools. 0he couple is pledging $12 million to help low income schools in the bay area including east palo aloto. a princely donated $100 million. -- they

men's wearhouse and joseph a. banks are closer to combining. the ftc has finished their probe.egulator said competition is mostly among brick and mortar. they said buying a suit online does not seem obvious to most people. thank goodness for that. bloomberg is on the market every half hour. have a fantastic weekend. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of business. i am emily chang. a check of your top headlines. it appears a class action lawsuit over apple's e-book price fixing will go to trial to determine damages. apple had challenge a decision that in the case, class action status had rejected that. apple is still appealing last year's ruling in which a judge said that they violated. twitter engineering head has stepped down and will move to an advisory role. frye who will be replaced, is the latest executive to leave following the departure of an product development head. he has made no secret he wants to speed up innovation. facebook's ceo mark zuckerberg and his wife make another major donation to schools. the couple is pledg

you have had major strategic mergers and men's wearhouse and joseph a bank, tepid topline growth and also had a sniff the get him out of private equity, the red lobster deal, being bought by golden gate in that case. this is both. >> why does this transaction occur? is this a cash flow deal where you have real estate selling web lobster, i have never been in one of them. >> there were two smith again issues, they had the real estate and the operating company that runs the brand. they are doing a sales lease on the property to monetize that and golden gate is buying the brand and the operating company, one of the real big trends with private equity has been the rising markets, the equity markets are roaring and this is not the right time to take things private. that is one of the pockets that is down with the big equity. and since michael dell and heinz, you have seen those big transactions. what has been the sweet spot is when you take a small asset and you take 10 or 20% of the larger company private. >> the activists wanted the company to be split up, not in the way it has been don