i'm steve wynn. i run this place. >> you see i get enough towels. >> the golden nugget became wynn's golden egg. las vegas was just a bunch of casinos in the 1980s when steve wynn built the mirage, the first luxury resort on the strip. outside, a volcano exploded every 15 minutes. inside, he hired siegfried and roy to perform. next door, he built another hotel and brought cirque du soleil to las vegas for the first time. the strip wasn't just about gambling anymore, and steve wynn was hailed as a visionary. >> i've been given too much credit for that, really. if you look at las vegas in the 1980s, there hadn't been anything built since 1973 new. and so the city was in a time warp. and, as has so often been the case, in the valley of the blind, the one-eyed man is king. >> so you had an idea, and you were king. >> yeah, all of a sudden, i looked like i was a rocket scientist. >> not a rocket scientist but a showman. >> captain of the britannia! ready, aim, fire! [explosions booming] >> when he implode

wynn shares have fallen fast. and since mike was short that nearer dated put, that means he could be on the hook for losses. and now options action's biggest fan -- >> not exactly an accurate statement. >> well, one of our biggest fans is tuned into the show. and he wants to know one thing. what will mike and carter do now? now, we don't want to keep steve waiting. but this is interesting. had mike shorted wynn shares he would have faced unlimited risk and made 3%. not great odds. but mike's put calendar cost 4.57 and can be sold for 5.70, a return of 20%. here's where it gets really interesting, as if it weren't already. if wynn closes above 160 by december expiration mike's trade becomes way more profitable, the put he sold will expire worthless. so should mike take profits or hold out for more gains? carter got us in. so carter, where do you see the stock going? >> well, from a technical point this trade made it's objective, it's a massive underperformer compared to the s & p, we would say go flat from the poin

wynn shares have fallen fast. and since mike was short that nearer dated put, that means he could be on the hook for losses. and now options action's biggest fan -- >> not exactly an accurate statement. >> well, one of our biggest fans is tuned into the show. and he wants to know one thing. what will mike and carter do now? now, we don't want to keep steve waiting. but this is interesting. had mike shorted wynn shares he would have faced unlimited risk and made 3%. not great odds. but mike's put calendar cost 4.57 and can be sold for 5.70, a return of 20%. here's where it gets really interesting, as if it weren't already. if wynn closes above 160 by december expiration mike's trade becomes way more profitable, the put he sold will expire worthless. so should mike take profits or hold out for more gains? carter got us in. so carter, where do you see the stock going? >> well, from a technical point this trade made it's objective, it's a massive underperformer compared to the s & p, we would say go plat. >> mike? >>

here's wynn. we like to measure this with viewing average. the presumption is you're getting this kind of thing next. look at longer term. you're as far as you can get. when you're this far above trend this is when you come back. look at longer term chart going back to early 2000. this is not a time to be buying principle. it's a time to harvest gains. there's something else about the chart. we're up against the internal trend line. that's a give level. more often not, it's right to bet against something that's come up to a level like. that we say harvest gains. >> carter, thanks for that. do you agree it's time to take profits? >>ty do. i think what's interesting here actually is that the levels that carter talking about are kind of consistent with how much over the historical multiple turns wynn is trading. for example, depending on when looking to price to earnings or revenues to enterprise value, this stock is trading 10 to 30% richer than the kous of two years. it's trading similar to its peer group. our expectation would be the market i

here is wynn, we like to measure trend by the smoothing mechanism. and you are as far above trend as you want to be. the presumption is you will get this kind of thing next. take a look at longer term. you are about as far as you can get. and typically, when you're this far above trend, this is when you come back. take a look at it on a longer term chart. this is going back to the early 2000. this is not time to buy in principle. and there is something else about the long term chart. we're up against the internal trend line. that's a difficult level. more often than not, it's right to bet against something, that has just come up to a level like that. we would say -- >> do you agree with carter maybe it's time to take profits? >> i do. and i think what's interesting here, actually, is that the levels that cartser is talking about are kind of consistent with how much over the historical multiple turns wynn is trading. for example, depending whether you look at price to earnings, whether you are looking at revenues to enterprise value, this stock is tra

so this is dan wynn, let me tell you about what dan did. so on september eleventh, at 4:57. public safety safety dispatcher received a call from a 14-year-old girl named tiane saying that she needed medical help for her mother and verified the address and her phone number and provided her with medical instructions. and stayed on the line with tanani and kept reassuring her that help was on the way. and compassionate tone helped tani remain calm and assisted her in providing assistance to her mother. unfortunately she and her family were unable to join us today but we do have this fine public servant representing the good work of the city that we are going to celebrate and we are going to take a moment again to hear the tape played so we hear a little bit of his work and what we are celebrating. >> do you have an emergency? >> tanin >> is the bleeding stopped or still going? >> i am not sure. feeling really tired and a lot of pain. >> and so, how hold is the patient? >> how old is the patient? >> he is 32. >> okay. >> is he awake? >> i think that he is... >> okay. is the brea

so we need a motion to excuse commissioner wynns and supervisor farrell. can we take that motion? we'll take that motion without opposition. in their places we have supervisor london breed and we are joined by hide era mendoza. we have we are item on our list. please call the item. >> the clerk: item 1: hearing - san francisco unified school district's science, technology, engineering, and mathematics programming]1310101.sponsor: kimhearing to present san francisco unified school district's package of initiatives related to science, technology, engineering, and mathematics programming, including the mayor's middle school leadership initiative, at the joint city and school district select committee >> the clerk: sf 11234 >> thank you. we do have some presenters here today. we have jim ryan, the new executive director for sfusd presenting how the initiative has been going. before we open up the presentation i want to allow any member of our committee to make any comments if you would like. seeing none, we'll move to our presentation. thank you miss ryan. >> just over five 5 months i

unaware of the fact that over 500 new applicants a month are applying on-line, using my benefits cal wynn on-line portal that we introduced here in san francisco. about four years ago. and so there is a lot of ways that people can access cal fresh now and they can go to the office and they can apply on-line, and they can work with the partners at the san francisco food bank who has a monthly cal at ther on the website of different places around san francisco, where the people are going, but really what we are looking at at the department of human services, this winter is taking a fairly deep dive into our current caseload, and saying, which people are getting medical and getting healthcare benefits that are not accessing cal fresh but have income levels that would qualify them for cal fresh? >> and taking a look at the department of aging and adult services, or doss and saying, which seniors, who are getting benefits or accessing services where there is ihss or meals or other types of services, which of these seniors that we can reach out to? and working with our colleagues, at the cool d

so this is dan wynn, let me tell you about what dan did. so on september eleventh, at 4:57. public safety safety dispatcher received a call from a 14-year-old girl named tiane saying that she needed medical help for her mother and verified the address and her phone number and provided her with medical instructions. and stayed on the line with tanani and kept reassuring her that help was on the way. and compassionate tone helped tani remain calm and assisted her in providing assistance to her mother. unfortunately she and her family were unable to join us today but we do have this fine public servant representing the good work of the city that we are going to celebrate and we are going to take a moment again to hear the tape played so we hear a little bit of his work and what we are celebrating. >> do you have an emergency? >> tanin >> is the bleeding stopped or still going? >> i am not sure. feeling really tired and a lot of pain. >> and so, how hold is the patient? >> how old is the patient? >> he is 32. >> okay. >> is he awake? >>

impressive and so i want to present this commendation as a dispatcher award for our local hero to dan wynn. [ applause ] >> and as well, and another certificate of honor for his fine work and for doing such a good job of representing his department, and it really is the work that we all strive to achieve as public employees, so thank you again, and this certificate is from the board of supervisors and one more medal to give. >> i like to call the rest of the dispatchers up to get a picture and i would really like to thank paul henderson for doing a fabulous job today and thank you so much paul and you are wonderful and i also want to thank for the kids and supervisor avalos and coen to make the ceremony so effective. thank you so much. >> [ applause ] >> you're watching quick bite, the show that has san francisco. ♪ ♪ ♪ >> we're here at one of the many food centric districts of san francisco, the 18th street corridor which locals have affectionately dubbed the castro. a cross between castro and gastronomic. the bakery, pizza, and dolores park cafe, there is no end in sight for the mo

. >> areil's only support is charlesretta wynn, a community health worker. charlesretta works for a program called momsfrist that supports new and expecting mothers in cleveland's toughest neighborhoods. >> when i got hired, i was just supposed to provide the women with information and support. refer them to organizations that could help them to get some of the things that they need for their babies, because a lot of babies were dying in this neighborhood. >> but over the years, charlesretta has been doing a lot more than just offering health advice. she spends most of her time helping women navigate what she says is a broken welfare system. >> i'm a worker, i need people to work with me, you know, so we can help the situation. >> today, charlesretta is helping ariel get food assistance that has been slow to come. >> she says still hasn't gotten her benefits. she's eight months pregnant. now if she'd have had her benefits at six months like they were supposed to give it to her, she would have had her $75 to get her low-income housing. now they put her on the

i talked to just before we went on air by the name of john wynne. he's an american missionary who lives here in tacloban who escaped the storm surge. i want to warn you about the audio. a c-130 came in and it is a little loud. so stick with it. explain what happened to you during this storm. >> we were in our house, expecting a strong wind and rain, but just a short time after the typhoon started we had watch add couple trees fall in the yard. and then i noticed under the front door this black water began to come in, a rather strong current, and then i looked out the window sill. and by the time i comprehended what i saw, the water had almost risen to the level of the window sill. it was quite high and coming quite fast. and i realized we were in some serious trouble. >> how fast was the water rising? >> i wish i could rate it. i would say we were on the entertainment ceiling in our, i'm sorry, ents taenment center. we were in the ceiling, i would say, in less than, i'm going, and of course i could be wrong, but it seemed to me to be about maximum t

kathleen wynn says she's willing to step in if she is needed to assist the stiff toronto in resolving this. and saying, this is not going to define us. more now on the mayor's latest bombshell, and i'm really warning you that these are some of the most graphic remarks you'll ever have to deal with from a politician or anyone else. >> i have to take legal action against the waiter that said i was doing lines at the beer market. that outright lies. that is not true. it hurts my wife when they're calling a friend of mine a prostitute. she's a friend and it makes me sick how people are saying this. unfortunately i have no other choice, i'm the last one to take legal action. i can't put up with it anymore. so i've named the names. litigation will be starting shortly. i've had enough. that's why i warned you guys yesterday to be careful what you wrote. i've never said that in my life to her. >>> i want to apologize for my graphic remarks this morning. yesterday i mentioned there was it was the second worst day of my life except for the death of my father. for the past six months i have been

then we have kathleen wynn getting involved saying she could give the city council more power to deal with mayor ford. would a formal request earlier and party leaders gotten involved earlier with the changes needed, do you think if that had taken place that we wouldn't be seeing this epic political demise? >> i think what needed to happen earlier was the mayor needed to either take a temporary leave of absence or fully resign from office. that's the only way really that he can leave without these extraordinary measures. when he was saying in council chambers that it was going to cost an arm and a leg, he's promising to be in court challenging this so he's going to drag his own city to court and fight this council foot and nail to get these powers back that they tried to strip away from him so it's going to get a lot uglier, especially knowing the way the mayor can behavior at times. i think he's going to have a couple more outbursts between now and his court date. >> don peat, thank you. >> thank you. >>> richie incognito fighting back, filing a formal grievance against his suspensio

i would note today, big names in some of the consumer space like wynn, for example, ralph lauren that was up today are all down today. i don't think we have a clear trend right now, brian. >> bob, the reason that we led the show with ecb, right, was not only because twitter's gotten plenty of coverage, listen, twitter's great story. what the ecb did this morning unexpectedly cutting rates when 67 of 70 economists said that they would not cut rates. to me that's a shock. how much of this might be, hey, you know what? maybe there's better liquidity-driven opportunities someplace else. >> there might be. and i was as surprised as anybody the ecb cut rates because that certainly wasn't the consensus. but i think it's more important to watch the trend. i'm not sure that what happened today would have happened even had the ecb not done anything. there is some kind of -- we're in the middle of some kind of trend reversal and i'm not sure how deep it is. sometimes they'll stop and sometimes they really have legs. the activity on twitter is really good today, but i want to see a week from now.

i'll ask historian doris kearns good wynn what more president obama can learn from former presidents and residents of the white house. stay with us. mine was earned orbiting the moon in 1971. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. does your dog food have? 18 percent? 20? new purina one true instinct has 30. active dogs crave nutrient-dense food. so we made purina one true instinct. learn more at purinaone.com store and essentially they just get sold something. we provide the exact individualization that your body needs. before you invest in a mattress, discover the bed clinically proven to improve sleep quality. the sleep number bed. once you experience it, there's no going back. final days for our lowest price ever on c4

word has it steve wynn might have been one of the bidders. the record for the most expensive work sold by a living artist also shattered last night, jeff koounz balloon dog went for $58 million sold by peter brant to a unknown buyer. here's a great view from inside what was a packed room last night. taken by one of our "power lunch" producers. you know, robert, you just got to wonder with numbers like that being bandied about, i mean we've talked before about whether or not the contemporary art market is in a bubble. what's your perspective on that? >> we've been talking about a bubble in the art market for at least four years and it goes higher. i think it's going to keep going higher not because of really the quality of art getting better but people, especially the wealthy, want a safe place to put their wealth so like many collectibles art is going to keep going up. >> that balloon dog may be great but it messes up the lawn. you have to clean it up after it. what about sotheby's they have an auction and what's on the block and could we see

any precipitation across parts of canadian maritime be at the wynn will push across, so areas typically used to seeing lake le effect snow will see a little bit of that for today and part of the day tomorrow but not anything that will be huge. in the west things are looking great except southern california. it will continue to bring clouds, a brief shower to southern california. keeping temperatures down a little bit. temperatures across the country, it is certainly cool out there behind that front. 39 in dallas, windy and little bit, temperatures toward minneapolis around new york city 23, down to the south it is colder, atlanta 23 this morning a record low for today. the future radar, nothing really going, some snow flurries across the great lakes and throughout your day tomorrow. a little bit of snow in the arrowhead of minnesota. but we will watch a storm into the pacific northwest for sunday bringing rain and snow in the higher elevations plummeting by monday and that will be our next storm we will watch for next week. the airport looking good. i was just looking for people who may

there's rumors out there it could be steve wynn. we don't really know. let's talk about the art market. particularly talk this morning about the art bubble. we saw you the most ever raised at auction last night. are we at a peak or beginning of this cycle? >> people have been predicting the burst of the bubble for years. the art market has proceeded una baited since 1995 when it sort of began to pick up steam. >> the crisis didn't phase hit. >> 2008 was a blip. the bubble is a many tiered market. you have this market of expensive items and a private market selling items nobody knows about. the rest of the market public and private is drafting off this limited information. it's not always clear. >> do you think these prices are real? is somebody actually paying this amount? there's so many side deals and guarantees and things that most collectors don't really moe. are these prices at the auction real? >> you have to assume they're real but also assume when you have a third of last night's sale guaranteed by the house or third party guarantors, most of tha

american missiary john wynn and his family are thankfuas well >> the tv cabinet began to float and we all climbed on it. as it floated towards th ceiling i was able to punch holes inhe ceiling. >> reporter: others like david gellison, retired air force colonel, are despera to get into taclon. his wife is there. >> when you see the horrendous pictures, it'sbviously very frigening. >> rorter: he did get a at on a transrt headed south. marine general paul kennedy, who is hding up relief operaons for the united states,ays time is his biggest enemy. >> i need the rest of the work world, the international donor community to get mobilized to help the philippine kns in eir hour of need. a week from now will be too late. >> reporter: the "u.s.s. george washingt" and other navy ships are steaming into the storm ne as we speak. they'll be on scene about two days. that will help get aetter look some of these more isolated areas but, quite frankly, sannah, once they get there, we have no idea what they're gointo find. now back to u. >> desperate suation. harry smith, thank youor that port. if you

miss maufas, mend a murase, wynns, norton, miss wei, mr. logan. >> please join me in the pledge of allegiance. >> all right. for your information. being withdrawn from the agenda this evenings is resolution 136-582 sfusd high school in a through g development. this resolution will be on the next regular agenda. we now move on to item a. approval of board minutes. we are only voting on the regular meeting of february 12, 2013, may have a motion? >> thank you. >> only on september 10th. we adopting september 10th. mr. logan. >> yes through september 10th. >> yes. hmm. [cell phone beeps] hey! [police whistle blows] [horns honking] woman: hey! [bicycle bell rings] turn here. there. excuse me. uh. uh. [indistinct announcement on p.a. system] so, same time next week? well, of course. announcer: put away a few bucks. feel like a million bucks. for free tips to help you save, go to ♪ feed the pig