We have a couple of Dozen Companies and wanted to give the numbers congress a quick,ese sample of what we do every year in las vegas, which is about 4,000 companies, not a couple of dozen, and thats half a million square feet. We want them to see innovation happening in the u. S. And lifechanging innovation, whether its in health care, car navigation, health and safety, so many other things, so they understand the decisions they mae make have real life consequences. What is your early impression of the Trump Administration and the Tech Community . I think the Trump Administration wants the Tech Community to citied and help drive the stock market. Were seeing positive action on nafta, rewriting it in a way which will not be harmful to american industry. Also movement on overregulation and. What be the fcc, early signs from the fcc and. The fcc chairman has redefined what the commission is doing in a very positive probusiness way. Focus on regulation and privacy. Its not the big power gr
Interesting time and we just had jackson paul and had secondquarter gdp numbers looking better and that is great but, of course, from the human and social perspective its an unfortunate time in our sympathies and prayers go with those in houston for Hurricane Harvey in the terrible damage that was listed there. Im sure your comments about some of that later on of the street into it. We will talk about the us economy and then i will migrate into the Global Economy and then Monetary Policy. Lets talk probably about us economy and where do we stand and what is the outlook for the next threefive years. The First Quarter gdp was one point to percent in the Second Quarter was about 3 in our own forecasted in dallas was for the year 2017 the us economy should grow approximately two and a quarter percent. Not great by historical standards but certainly sufficient in our view to further take slack out of the labor market and likely drive down the other rings and other measures of employment sla
Dallas. He discusses Monetary Policy in the future of the Global Economy. Good evening. Excited to be here with you all tonight. Thank you for coming. And thank you for hosting this here in your facility. We have a set of questions that we have set up for rob and we will open up the floor and we will ask some questions. From a timing standpoint. Economically we just head jackson hole and Second Quarter secondquarter gdp numbers working a little bit better. From a human and social perspective its an unfortunate time our sympathies and prayers go with the folks in houston. Im sure your comment about some of that later on. Looks get straight get straight into it. We will talk about the u. S. Economy and then we will go to Global Economy and the Monetary Policy lets start off with u. S. Economy. Whats outlook for the next three to five years. Our own forecast is that for the year 2017 the u. S. Economy should grow approximately two and a quarter not great by historical standards but certai
You can also open some questions. From a timing standpoint economically, i think its an interesting time. We had jackson hole, Second Quarter gdp numbers looking a little better so thats great. From a human and social perspective, its an unfortunate time in our sympathies and prayer go to the folks in houston. Get right into it. We will talk to the domestic economy and the Global Economy. Lets start off with u. S. Economy. Where do we stand right now whats the outlook for the next three to five years. First quarter gdp was 1. 2 . Second quarter was 1. 3 . For the year 2017, u. S. Economy should grow approximately two and a quarter percent. Its not great by historical standards but certainly sufficient in our view to further take slack out of the labor market, drive down the on employment rate and other measures of employment slack. We can talk about that there are a number of reasons why gdp growth is more sluggish now than it was ten years ago or 15 years ago and the number one reason
But if we look north of market consistently we have very problematic intersections that are still yet to be resoderv. We have oak and octavia and market and ok thaiv why which are consistently the most dangerous intersections in the city. In addition to that, every morning in my neighborhood we have traffic backing up on page, haight street, laguna street, and other streets in the neighborhood with road rage drivers. I was assaulted two years ago at the corner of laguna and page and sent to the hospital with a concussion. By a road rage driver there. The point is there are many transportation issues that have still not been addressed in this area. And yet were talking about funneling money from the sale of these parcels back for Affordable Housing. Now, im a big supporter of Affordable Housing, but this notion of true up is something new to me. I was on the central freeway cac when [speaker not understood] was handling these sales and there was never any mention about a true up. And if