thanks so much everybody, welco. we have a packed agenda tonight. first we want to thank the southeast community facility commission for opening their doors tonight and their executive director, moses. thank you for opening the doors tonight. we have a very, very tight agenda. the goal here is for the community to be heard. this is not a question and answer time, but the goal is for the community to be heard. when we get to public comment, and you make your statements. remember we want you to be as concise as possible, because the department heads and the mayor are here to hear you. without further ado, i want to introduce mayor lee and he will open us up. thank you. good evening everybody. as stated eloquent ly, this is time for all of you in the community particularly focused residents of 10 and 11, to tell us in government what you feel passionate about. i want to thank supervisor avalos and supervisor cohen that it will be here in a minute. your budget chair is supervisor farrell, i want to thank him as he will have a lot of meetings. and i want

. >>> good evening everyone and welco welcome. call it a turn around friday. stocks pulmobled and recovered from a loss of 150 points. the dow squeaked out a gain bringing the win streak to five but the s&p 500 was not as lucky. it's weekly win streak was snapped at four dragged down by exped expedia. the dow closed at 15558 and the s&p 500 higher than a single point and the nasdaq up by eight. while this may have been the biggest week for earnings so far, next week may be the biggest month for the economy turning a quiet midsummer stretch into something more meaningful. topping a busy agenda, ben bernanke chairs the two-day fed policy meeting as the focus on his successor narp brows. two people lead the list of possibles. the fed isn't expected to rollback bond buying when it's meeting wraps on wednesday. shifting the tantrums into september and maybe beyond given the data we've seen. the same day retail sales, housing, manufacturing gets mushed together for the first biggestment of second quarter gdp and perhaps a better picture of whether easy money and tig

i think the pmi data is very welco welcome, obviously.ith what we've seen from the eurozone. i think the big question, just how poor the growth performance has been over the last few years. it's not about a couple of months of decent economic data. it's about a much more vibrant, sustainable recovery. >> new records, 54.7. that's all right for manufacturing. >> it's fine. it's good news. >> how many more months of this do we need before you change your tune, darren? >> before i change my tune? >> yeah, before you change your tune. you're sounding, look, the data's nice, but, you know, it's not -- it doesn't mean anything. so how long before this data means something? >> so we got gdp data last week which showed it's 4% below the peak of the last cycle. which if you take out a few of the periphery countries, it's the worst performance of any country in the world. >> we didn't have a double dip, at least. >> it depends on how many decimal places you go down there. the performance over the last four or five years has been terrible. four or f