there is a much bigger footprint of the litigation practices on all of us who might never become litigants but this case will matter. will matter to what we do, can do, what we see, what we have as consumers, what we have as parents and as inventors, as creative people. i think i'll think everyone. i hope you enjoy the book and share and spread the word and review it and i would love to hear all of your thoughts about "you don't own me". thank you. [applause]. >> here's a look at some of the best books of the year according to the "san francisco chronicle", historian leslie berlin reports on how silicon valley became that center of technological innovation in troublemakers. neil degrasse tyson shares his research on the universe. in grand, pulitzer prize-winning biographer explores the life of the president ulysses grant. on scene is a collection of unreleased images of african-american culture from the "new york times" photo archives. and best-selling biographer recounts the life of leonardo da vinci. >> in 1482, there's a big delegation that goes from florence to milan to the duke of mil

but we are fighting that litigation. we're doing it in partnership and with the help of public policy group from georgetown university. and what we understand and -- and brian underscored this as he talked about the posture of the justice department, they are withholding the distribution of jag funds for everybody. not just those who have welcoming ordinances, not just those who describe thmses as a sanctuary cities. but they have gone after every jurisdiction that receives jag funding and withheld those doctors. and so -- to the extent that we can play a small role in saying that we believe it is in the best just of the city of gear but thete state of indiana and the united states, to welcome all people and to be a welcoming city than we stand by that. and we'll certainly defend this litigation with all vigor. thank you. >> thank you mayor freeman wilson. [applause] no i we'll hear about great work being done it in austin and pass it off to steve adler. >> good afternoon. i want to join many in -- in asking mayor garcet

we are fighting that litigation. we are doing it in partnership a public policy group from georgetown university. and brianerstand, underscore to this as he talked about the posture of the justice department, they are withholding the distribution of jag funds for everybody, not just those who have welcoming ordinances, not just those who describe themselves as sanctuary cities, but they have gone after every jurisdiction that receives jag funding and withheld those dollars. can play ant that we small role in saying that we believe that it is in the best interest, not just of the city of gary, but the state of indiana, the u.s. to welcome all people and to be a welcoming and, then we stand by that we will certainly depend -- defend this litigation with all of vigor. thank you. >> thank you. [applause] now, we will hear about some great work being done in austin, and i will pass it off to mayor steve adler. >> thank you. over the course of the last year, i will tell you that as our state and our city has been embroiled

we are fighting that litigation. we are doing it in partnership with the help of a public policy group from georgetown university. what we understand, and brian underscored this as he talked about the posture of the justice department, they are withholding the distribution of jag funds for everybody, not just those who have welcoming ordinances, not just those who describe themselves as sanctuary cities, but they have gone after every jurisdiction that receives jag funding and withheld those dollars. to the extent that we can play a small role in saying that we believe that it is in the best interest, not just of the city of gary, but the state of indiana and the united states, to welcome all people and to be a welcoming city, then we stand by that and we will certainly defend this litigation with all vigor. thank you. >> thank you, mayor freeman-wilson. [applause] >> now we will hear about some great work being done in austin, and i will pass it off to mayor steve adler. mayor adler: good afternoon. i want to join b

in this role he oversees the largest litigation team at the department of justice with over 1100 lawyers and manage over 50,000 different matters each year. the civil division represents the united states and a wide array of civil litigation including challenges to presidential executive orders, congressional statutes, federal agency actions, commercial disputes including contract disputes, banking, insurance and patents, international trade matters and enforcement of immigration laws. i felt being someone from ohio who has known our speaker for quite a few years, i try not to hold it against him, but his undergraduate and graduate degrees are from the university of michigan and he still root for them over the buckeyes. but soon after that law degree he clerked for judge noris of the u.s. court of appeals for the sixth circuit, before joining the department of justice, he was a partner at jones day having successfully argued before the supreme court of the united states, the ohio supreme court and lower appellate courts. he is also known for his commitment to pro bono clients. as america

. >> reporter: in litigation, keith blamed his broker for the losses.ara says he and others around him also tried to blame her bad karma. >> and it can't be keith, he's a mathematical genius, it can't be his formula. and they're, like, "you know, what if your emotional issues are causing the stock market in this case to fluctuate? what if you're, in a mystical, spiritual way, bringing this onto yourself?" >> i've had people killed because of my beliefs and because of their beliefs and because of things i've said. >> reporter: in 2009 barbara bouchey was one of nine women, they call themselves the nxivm nine who confronted keith about the running of the organization. they recorded two days of their own "intensive" in which they attempt to turn keith's own rational inquiry method against him. most of it has been sealed by a judge, but a short clip remains online. >> the effects are our company is falling apart. >> you don't have the experience of leadership. you don't have the experience of preserving people's lives with what you say, and the truth of the

so i'm gaining confidence every day that our litigation, our lawsuit to protect the d.r.e.a.m.ers will prevail. >> do you think democrats should continue to press for a clean bipartisan bill to give d.r.e.a.m.ers a path to citizenship without any attachments to things like funding for a border wall or cracking down on the visa lottery program? how productive is that effort, though, given that congress is currently controlled by republicans? >> forgive me. i'm going to give you an answer that some democrats may not like. i don't understand why democrats continue to act like they have to bail out republicans for doing these crazy things. republicans just passed a tax break bill that gives the wealthiest americans and corporations $1.8 trillion worth of tax breaks. now republicans are claiming that they have to cut services and programs for veterans, for school kids, for elderly because there's no money. why would democrats sign off on a budget that cuts those services while republicans created the deficit hole that makes them say they have to make cuts? why we would have to negotiate a d

having said all that, i don't know if there is threatened litigation here. but if there is threatened litigation, i would recommend a closed session, so we could give you our legal analysis of sort of the city's position with that litigation in confidence. >> president hillis: great, thanks. one thing for the community. you live in a zone where this is permitted. if there's an issue with what's happening today on that street, other streets, i suggest that the neighborhood get rezoned, so less could be built there if that's what the community wants, so we're not struggling with this state law versus local law and what is permitted or not. that says, i will leave that up to supervisor ronen if that's what you come up with. >> commissioner fong: thanks for asking that clarifying question. i feel like we're fought leaning towards a demolition, but if the existing structure wanted to stay and we wanted to continue that replacement project and the project sponsor came back with an extension into the rear yard or one story up or something or added some space there

october kirsch --ized in commercial and labor litigation. he served as the associate or fester brooklyn law school from 1987 to 2003. received an a.b., and phd from harvard. he will discuss the 15th amendment to the united states constitution with a special on history at the district court level. -- wee will hear from will hear from on election law and campaign finance. he received his undergraduate education at the university of ma andy and received his phd from the university of california los angeles. ,rior to his current position he taught the chicago campus college of law in los angeles. clerkedessor has also for david r thompson of the united states court of appeals for the ninth circuit. author of over 100 academic articles and several books on election laws in the united states. coeditor as founding of the journal. in 2009 he was elected to the american law institute and was named one of the most 100 influential lawyers in america by the national law journal in 2013. actively involved with the press. his opinions have appeared on the

i don't think it's been sufficiently litigated. looked at this supreme court case that talks about parking. it seems to me some court has to weigh in on this. >> well, listen, i'm hoping that we don't have to litigate it. obviously i'd rather not expand tax dollars on things like that but certainly i will protect the public safety of my citizens. the supreme court case is fairly determinant, but not completely. there are various other state court cases like st. louis county and hahn versus others that are more on point and point to the fact that municipal jurisdictions have broad authority to legislate streets under their jurisdiction if it's serving a public purpose. in this case, that's public safety. so i do believe we're on fairly firm legal ground and our legislation would withstand a court challenge. >> mayor judah zeigler, thank you for being here. >> thank you, i appreciate it. >>> last chance to go vote. answer the survey question. wait until you hear the result. whether informally or under oath will president trump ultima

it is a longer process in litigation.vote in congress to repeal and rollback those orders. we can see legislators themselves to be able to principles.ified emily: are you talking to organizations were planning on filing lawsuits of their own? >> we have colleagues who believes strongly in this and some of them have joined and will be intervenors in an litigation. they're going to fight just like we are. emily: becky so much for joining us. we will be watching. we'll also hear from california attorney tomorrow on the show. coming up, another tech company said to be exploring a public offering in 2018 details on that next. feature iture -- a want to bring to you on our interactive tv function. can watch us live, you can go back to it, and you can play of the charts on the air. this is for bloomberg said scriber's only. this is bloomberg. ♪ emily: his story where are watching. surveymonkey is accelerating conversations with banks to go public this year. the company is expected to be closely watching how other companies fare

page and i want to shout out our city attorney who has initiated some of the most ground breaking litigation against some of the largest fossil fuel polluters in the united states of america. and the reason i bring that up, because as cities and states start this kind of litigation, these investments become more and more risky. these become stranded assets and i speak to you not only as a member of the board of supervisors but as a member of the california coastal commission, where last year more emergency permits were applied for because of sea level rise, king tides, beaches being buried under the sea, than any previous year. as we just heard, this is real. we would not be here without the strong support of labor advocates. sciu 10-1 have led on the fight and they take it personally because many are vested pensions invested in the risky big oil assets. thank you joseph bryant, thank you martha hawthorne. with that, my friend joseph bryant. >> who is ready to divest in fossil fuels? >> we are! >> we're not in the chamber. i want to hear noise. who is ready to divest in dirty fossil fuels? >

$1 billion in litigation expenses.the end of the tunnel leading gets past the consumer banking legal disk units you have been waiting for -- legal disputes you have been waiting for? >> at the quarter, it was $6.2 billion of net income, about as high as it has ever been at wells fargo. drivers.few big litigation is one of them. also, tax reform because we are a big taxpayer and have been through the cycle. we have deferred tax liability is so we put up about $3.3 billion a benefits from that. on the litigation front, the number is bigger than you mentioned. $3.2 billion in the quarter. it reflects sales practices. it reflects legacy, pre-financial crisis, mortgage- related issues that are coming to fruition. there are some other matters, as well. i would not call it a kitchen sink quarter. on the expense side, it is a result of real circumstances on how the quarter ended. the net number, $6.2 billion, produces an 11.3% return on equity. and the next of the quarter was actually a really good outcome. the drivers of the

. ♪ ♪ david: today, you take corporate bonds or government bonds, and you are willing to litigate.igation is always a last resort in a situation in which there is a dispute about seniority or a claim. it is part of the equation. one of the risk-limiting and value-creation strategies is uncorrelation. uncorrelation is a wonderful element to add to an absolute return-seeking portfolio because if you are doing something that has a pattern of risk and return, even if it is volatile, even if it is binary, make a lot, lose a lot, but a pattern of returns that does not have anything to do with the course of the stock or bond markets, or anything else in your portfolio, that is an elegant part of the mix. david: do you ever do research on a company, and then you call up or somebody calls up the ceo and say this is a way you can improve your company, do this and that, and they say that is a good idea? i wish i had thought of that. paul: that's interesting. the way you are asking the question, it presupposes that the response of the company is always either anger or hiding under their desks

>> the litigations will continue, and we have to see how that plays out.onger process in litigation. we see lots of legislation right now. there is a vote in congress to repeal and rollback those orders. we can see legislators themselves writing legislation to be able to formally codified open internet principles. orly: are you working with speaking to other organizations considering filing lawsuits of their own? >> we have colleagues who believes strongly in this and some of them have joined and will be intervenors in an litigation. they're going to fight just like we are. emily: chief media officer for mozilla, thank you so much for joining us. we will be watching. we'll also hear from california attorney tomorrow on the show. about the case to keep net neutrality. coming up, another tech company said to be exploring a public offering in 2018 details on that next. and a feature i want to bring to your attention -- our interactive tv function. check out at tv on the bloomberg terminal. you can watch live, if you missed an interview, you can go back t

[please stand by] >> litigation wise, has any of the projects been in front of a litigation committee? >> i think they would come in front of you by a litigation committee. i'm not sure they have, they have all been progressive in seeking the necessary permits. we wouldn't have a reason to -- >> so none of them to be referred to the city attorney. >> the only one was 841 chestnut. that was referred by planning. >> when i read the -- we had never been on our radar on any committee form before and i kind of knew the answer but i wanted to be sure that was the case. commissioner walker please. >> so i'm just curious, what were the penalties for this? >> the penalties were -- >> i'm trying to see, if this happened -- this seems to happen a lot. if people get a feeling that it's easier to ask for forgiveness or permission, we are doing something wrong. >> i can assure you, we are doing everything in our power to follow up on these and the penalties are mandated by the san francisco building code and i'll get into those later. but -- >> maybe something -- >> to speak to your question before

. ♪ ♪ >> today you would take over bonds and litigate. >> litigation is always a last resort when theredispute about seniority or a claim. limiting creation strategies is on correlation, element toonderful an absolute return seeking portfolio because if you're doing something that has a and return, even if it is volatile, even if it is binary, make a lot and lose a lot, and it had a return which doesn't have anything to do with the course of the stock or bond markets or anything else in your portfolio, that is an elegant part of the next. -- mix. >> say you call up or some because of the ceo and says this is a way you can improve your company and they said that is a good idea, i wish i had thought of that. >> the way you are asking the thation, it presupposes the response of the company is always anger or hiding under the desks or some combination. >> that is wrong? >> know, sometimes you are knocking on an open door, myself and our style is doing the work as thoroughly as we can to develop a thesis and assess aether we think there is series of actions that can eliminate underperformanc

wells fargo -- due to ongoing litigation costs. ♪ >> this is bloomberg markets.ank earnings season now underway. jpmorgan's net income falling while wells fargo's earnings took another big hit from litigation. next week, we will hear from citigroup, jpmorgan -- citigroup, jpmorgan stanley. jason goldberg- from barclays. give us some insights into what you saw today. any surprises when it comes to these banks? if yourally speaking, adjust for all the tax related noise, and there was a lot of noise in the quarter on gains and charges, results pretty much in line with expectations. long growth a little better this -- upr than last quarter, modestly. trends we felt were mixed. trading revenues were down, not a huge surprise. -- credit remains benign given the economic backdrop. shery: one of the things i've been watching is that net interest margins in most cases have begun to expand even as the curve yield has flattened out. contracted. does that mean jpmorgan has more pricing power in a way? what is the difference in how they are managing this? hadf you look, wells

i don't think it's been sufficiently litigated. supreme court case that talks about parking. it seems to me some court will have to weigh in on this. >> well, listen, i'm hoping that we don't have to litigate it. obviously i'd rather not expend tax dollars on things like that. but certainly i will protect the public safety of my citizens. the supreme court case is fairly determinant but not completely. there are various other state court cases like st. louis county versus hawn and others that are even more on point. and point to the fact that municipal jurisdictions have broad authority to legislate streets under their jurisdiction if it is serving a public purpose. and in this case that is public safety. so i do believe that we're on fa fairly firm legal ground to withstand a court challenge. >> mayor, thanks so much for being here. >> thank you. >>> last chance to vote. answer the survey question, this voting is fascinating. here it is. wherein formally or under oat, will president trump ultimately be interviewed by mueller's tea

i am going to defer our closed session existing litigation issue until our next meeting. >> we might be able to get it done. >> you think we can get that done in five minutes? all right. well, we'll make an effort, then. is our attorney here? >> item 11, possible closed session regarding existing litigation. >> any public comment on this item? seeing none, public comment is closed. we're going -- >> the public comment would be to go into closed session. >> exactly. are we going into -- >> and the litigation. >> commissioners, what's your pleasure. >> so moved. >> we are now back in open session. the time is 12:11. item 12, report on any action taken in closed session as specified? california government code section 54957.1(a) and san francisco administrative code section 12.1 b. >> well, in consultation with our city attorney, the commission has accepted the recommendation to settle on the existing litigation of duckett versus city and county of san francisco. it was a unanimous decision. >> item 13, vote to elect whether to disclose any or all discussions held in closed session as s

wells fargo earnings take a hit due to ongoing litigation costs. facebook shares tumbling after the company makes changes to its news feed. will that transition lead to people spending less time on the website? 30 minutes into the trading day. we have records. abigail doolittle has been tracking the action. not big gains are necessary to get to that record. abigail: the rally continues. eight days are looking at gains averages.jor a lot of optimism around tax reform. results for the big banks, but the effect on the markets overall is a tailwind, especially with jamie dimon talking about how it will be a positive for the country going forward. where there is not a lot of optimism is facebook. we have an intraday chart of facebook cover which i can pull up. it is right here. there we go. facebook is down 4%. his worst day since the end of november after the company prioritizehanges to not brands.family, mark zuckerberg says people might disband less time on the changes,ecause of the but the time will be more valuable. investors are a little shocked b

many of the family law cases this is part of the litigation over how much was intended, has already been given? doesn't get counted against the value of the house, for example. they say see, the secular american judges are enforcing sharia law and that's unacceptable from american secular perspective. there was one case we like to cite and that was where the system and basically misunderstood a cultural defense when women wanted a restraining order against her husband for domestic, for rate actually, marital rape. the trial judge misunderstood the cultural defense and sent i have a right to do this under islam so they didn't give her the restraining order. that went up on appeal, was reversed and says no, she is right for every string quarter. for lawyers watching this, this is that a situation where an islamic law is taken with the basic individual rights of citizens. that's an example that gets cited. i have some interesting, as academic a constitutional i think it's quite interesting to think about what is the role of an accommodation of religious values in secular courts, for example

we also know that the mgm's involvement in major litigation.civil perspective, some of the information even in this report is very helpful to the civil litigation because of the things you are bringing up tonight. how did this happen without somebody's eye -- remember when he was on several months ago and he talked about their policy at the wind and how service elevators aren't used and how they do not disturb sign after 12 hours, somebody knocks on the door. let me tell you something. these are the kinds of things that are going to be looked at in this kind of case from civil liability. the mgm is going to have one heck of a defense. spirit are not a lawyer, but thanks for the degree. that's why we bring you want, you are the expert. good to see you tonight, thank you. coming up next, the patriots are headed to another super bowl after an amazing finish at the afc championship. that was an amazing touchdown. i don't know how he caught that. anyway, is it ranked as some of the critics are saying? eagles fan jesse watters enters the story with m

she had nothing to do with the litigation process. she was assaulted in october of 2016. they lied to the press. the housing rights committee, her family, and the senior disability action network lied to the press. they made it appear as if she was still living in her unit, which she was not. they will stand here to today and they will lie to all of you because they can without risk of perjury. if they so want to claim she lived in her unit up to the day that the sheriff changed the locks, then they should have submitted their own testimony in court in her defense, but they did not. why? because they would have been committing perjury. instead, they engaged a campaign of lies and harassment and exploited an old layy in the last precious years of her life. they are dishonest to say the least. they put me, my family, and my neighbors through distress. i personally had to seek therapy just to get past this. the lies they tell you today deserve zero consideration in this matter. here is housing rights committee, she trespassed on to my property in 2017. here's another member

this is a longer process when you are in litigation.s of legislation action right now. we could see legislators writing legislation to be able to formally codifying the open internet principles. emily: are you speaking to other organizations that are considering filing lawsuits? >> we have spoken to lots of colleagues that believe strongly in this and have already joined this. there is a lot of folks out there that care about this issue, and we are -- and they are going to fight. emily: that was the chief legal officer for mozilla. up withead, we catch arianna huffington. what she has to say about uber's current ipo plans and the me too movement. this is bloomberg. ♪ ♪ sitea: a chinese video backed by tencent is trying to raise money. that is according to people familiar with the matter that say it is turning $1 billion of financing as it expands its video streaming service to south east asia. tois in a similar vein instagram and paris so -- and periscope. details of the deal could still change. arianna huffington launched an app. to ap

if we just continue on a with litigation versus litigation, america will move further back and i don't want that to happen. i want broadband investment to go up and now you see that with the tax code changes we can drive more investment in the buildout and it's done in the private sector. you think about the huge amount of coverage. the private sector every year does $7,577,000,000,000 a year. so, that is where it's at and we need to let the partnership move forward and get the conductivity in high speed so i would like to see us move forward on the issues where we can find agreement. i think that they are dead on arrival at 1600 pennsylvania avenue. trade politics for some, but it's not even going to pass the house and senate i can't imagine that they will end up the paperwork. so, why don't we come together today as i tried to do the last five years before they were implemented by the administration and legislate this space. so i'm asking all parties. ipad draft proposals on the tables antable since probably 2d 2015. >> so it's not a legislative solution. >> it's just a bulldozer tha

they cast this as there's litigation risk. if we keep this program in place will get sued by the city texas again. make it noton risk worthwhile to continue. >> why not just do it explicitly and say it is a bad idea and we are not going to do it anymore? . you can try and shore up the defendant's case management review. or do both and say you weren't allowed to do that before, so what. >> i think that if they did that if they basically said never mind that we're going to do it again, here is dr. dan -- daca fan, 2.0. we want to keep removing people ,ithout making these judgment the case would not be going to supreme court. maybe they don't like the >> optics me with the politics are they don't want to be seen to be children. this the background of all is whatever legislative negotiation is going on. the fact that the supreme court got something determined. that's presumably a bargaining chip. >> anybody else? cases peopleore were teed up to talk about so we want to lead time for questions. call assures me talking about the his

it will be litigated but what lawyers look to is big tobacco.co users, it is fixed with correct use of the product where as opioids, if you use it correctly, there is no issue. this it he is the misuse of the product, so that is why the lawsuits are not going to be successful at the end of the day. >> there is a bigger picture here. it seems like our culture today every time something goes wrong, we look to blame one? we go back to health care. what are doctors doing. what is happening in terms of the pain management? where are we watt the relationship with the patients? are they sitting down to take the time to access and andly pain or sem ply providing prescriptions that does nothing to benefit? >> , it is always somebodies' fault and now big pharmaand he this is he will run for president? the lawsuits have been brought about because people have looked at the action of big farm m and said you are wrong. this medication being overprescribed and leading done the line to massive epidemics. bill: from a medical perspective. do you think this is be

was a circumvention of the powers of the united states congress and they say they will continue to litigate over this issue. very interesting also that the executive branch in this case is advocating for the powers of the legislative branch, and that's where we are. we have more of that on a statement from the ruling from white house press second sarah sanders this morning. we find this decision to be outrageous, especially in light of the president's successful bipartisan meeting with house and senate members at the white house on the same day, and an issue of this magnitude, she says, must go through the normal legislative process and adds that the president is committed to the rule of law and is going to work with members of both parties to reach a permanent solution that correct the unconstitutional actions taken by the last administration. this fight apparently is going to go on, and the ruling from the west coast is only temporary, john. >> joe, it's interesting, sarah sanders says this meeting yesterday was successful. successful in what? do we now know what the president wants on im