some investors think of paulson more as an arbitrageeur than anything else.iven that his merger funds called partners and enhanced have done better than many of their siblings. ironically, some of paulson's troubles came from hedges he put on in the wake of massive losses last year. hedges intended, for instance, to protect the firm against a deepening credit crisis in europe that didn't come about yet. big positions in a number of gold miners including anglo gold and gold fields have also dogged him as the miners struggle with labor, strife, and diminished production. but the miners are a cheap way of getting into gold in the coming years. and paulson expects the yellow metal to rally as the central banks continue printing money. >> yellow metal to rally. now that's something we've heard for a long time. and gold, kate, has gone up a bit, down a little bit. you know, 1500 to 1700 sore sor. how long will investors wait? >> mapaulson was asking about ts a couple of days ago, investors had a chance to talk about his positions. he's indicated that it's a multi-y

billionaire hedge fund manager john paulson pledged $100 million to the central park conservancy.s the largest gift ever to a public park. half will go to the park's endowment, the rest will be used to spruce things up. after all, central park is 155 years old. paulson called central park the most deserving of all the city's cultural institutions, and said his grandparents had their first date there. paulson's known for making billions by betting on the collapse of the housing market. >> susie: lovely donation. >> tom: that's "nightly business report" for tuesday, october 23. good night, susie, and good night, everyone. >> susie: good night, tom. thanks for watching, everyone. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page-- bizrpt. and on twitter @bizrpt.

john paulson of new york hedge fund paulson and company will donate 100 million dollars to the centralark conservatory in new york city. paulson grew up in queens before graduating from harvard business school. still to come, why election season is having an effect on some travel prices. that's later on. but first, how to cool your spending on winter heating bills. that's next with bill moller. everybody knows, winter's a'comin', and no matter what part of the country you live in, there is always more you can do to winterize that home of yours. you do it of course to save energy, but more importantly, to lower your heating bills! but we're not going to be talking about the usual techniques right now. let's talk with lou manfredini. he's host of housesmarts tv. he's also the author of the "house smarts" book series. he has some rather uncommon, surprising, but cost-effective suggestions such as... what is this? rearranging the furniture? > > bill, it's the easiest thing to do that costs zero money whatsoever. when you think about our systems in our home, whether it's forced air or radia

let's check in with steve paulson to see how everything is unfolding. >> it's unfolding in a very omni mouse way -- omminnow's way. things are -- omminnow's way -- ominous way. severe thunderstorm watches have been posed -- posted. this area is prime for this. it's still about an hour and a half, two hours away. but i would be stunned if there was not 1078 kind of a delay but i still think they will get that game once that goes through. i think he'll have mostly cloudy skies here. mostly cloudy. we'll say 72, there will be thunderstorms in the area. i think there could be about an hour and a half delay as this system moves through. that's a pretty ominous system. >> all right. we'll check back with on the local weather. once again, assuming the game starts on time, you can watch game 3 on ktvu. our coverage starts at 123:30 with the -- 12:30 with the first pitch scheduled after that. >>> tigers beat the yankees last night. cc sabathia is scheduled to pitch tonight at 5:00. >>> san francisco authorities say they've arrested 64-year- old dr. marvin bonham faces 18 felony counts of tradin

operation in oakland this morning. >>> steve paulson is back in a few minutes to tell you if the rains over. also, another possible black eye for pg&e and whether some pipelines that run under the bay area are safe. 6x lots of prepaid cards come pre-filled with problems. enough is enough. introducing chase liquid. the reloadable card with no-fee reloads and withdrawals at chase atms. and no headaches, hassles or confusion. all for one flat monthly fee. get rid of prepaid problems. get chase liquid. >>> four people accused of carrying out a deadly rampage are behind bars this morning. the s.w.a.t. team showed up at 13th and 19th. this is new information on a story breaking on "mornings on 2." alex savidge joins us live from oakland police headquarters. >> reporter: good afternoon. this was a carefully coordinated operation to execute arrest warrants. a sergeant here at headquarters told me four people were arrested. oakland s.w.a.t. officers descended on this house at 13th avenue and east 20th street just after 5:00 this morning. we watched as several people were taken into custody. at

steve paulson will have more on that coming up. >>> if you look closely in this picture, you will see the giants' logo there. >>> and you can watch the world series right here on ktvu. our pregame coverage begins at 4:30 this afternoon. it follows an early addition of the news which starts at 4:00. >>> there's growing concern about school safety in mountain view. tonight, parents, police and school officials are holding a meeting after several students were hit by cars during the past two weeks. janine de la vega is live in mountain view to tell us about the growing concern at this school. >> reporter: good afternoon. the speed here is 25 miles an how -- an hour. we've seen cars traveling here faster than that. a boy was crossing when he was hit by a car. this morning, there are three crosswalks with students. in the last two weeks, a child has been hit at each one. this girl said one of her friends was a victim. >> he got hit on the side of his, like, won'tdy and then he -- on his body and he didn't come to school for three days. >> reporter: and then the children suffered minor inju

. >>> coming up, the rise and fall of john paulson.made a fortune short selling subprime mortgages but last year his flagship fund fell 53% and his investors are losing patience, although everybody that lives in new york probably likes this guy after the gift to central park, $100 million, kate kelly will bring us the special report next. >>> and still to come the government's first read of the growth in the third quarter. >>> as we head to break, check out the "squawk box" market indicator. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. which isn't rocket science. mike rowe here at a ford tell me fiona, who's having a big tire ev

let's check in with steve paulson. 80, i like it 75 or 08, it has gotten a little bit hot. >> okay being pam, for you -- okay, pam, for you no problem. >>> the coastal fog should take the temperatures down. 60s and 70s and 80s, here is sal. >>> traffic is moving along well on san rafael, and looks good all the way to 580, also the morning commute looks good on the way to the san mateo bridge out to the high-rise. let's go back to the desk. >>> firefighters are still on the scene of a fire that left five people without a home. they are there where crews are still putting out hot spots. >> reporter: take a look behind me and you can see that truck is still in place and they are very busy and what they have is a partial roof collapse. there is a hidden void and even though there are no injuries reported in this fire they are still here making sure this fire does not flare-up again. now we have new video at this hour at the back of the building, the back of the home involved in this fire and that is where most of the damage is. firefighters are calling that damage very significant and in the

. >> rose: paulson came to your office and said that. >> well, ben bernanke said, hank paulson described it. >> rose: ben bernanke said -- >> if we do not act immediately we will not have an economy by monday. now, since i have been telling that story, people have come to me and said, we are all seeing runs on our institutions and the rest of that, people pulling out, and it was a very dangerous situation. and the republicans weren't even there for president -- imagine what they would have phone to president obama under the situation. president obama would not have gotten us in that fix in the first place but it is an interesting election. i really think that, you know, who knows, it is all turnout, it is the polls are goofy, i mean one day i will have a candidate be five points up and the next poll, eight points down, you are like, well how could this be, you know, well let's split the difference and call it an even race, but how can these polls be so all over the map, same thing as you said with the real estate, there is who way that the gender gap -- how could they be for romney? how

john paulson at hartford insurance.id not get involved in that because contrary to popular belief, paulson is not a real activist investor in the 13d filings. a lot of people think he is, he isn't. there are other activists i like them, for instance, in one segment like consumer goods and services, but not much in industrials. so i'll stay away from the industrials until i see a track record there and i'll put more money into the other sectors. >> ken, thanks for coming by, we appreciate it. >> thanks for having me. >> and you can hear more about bill ackman, his latest moves, next big trade on "squawk box." starting at 7:40 a.m. eastern time. and tonight, still awaiting the headlines coming out of the value investing congress. coming up next, we continue to tell you what to watch for, stick around to find out, one big question that remains for europe this quarter. get the trade to help you play it. more "fast" just ahead. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after tha

and i felt a real obligation and sense of duty to fulfill the oath that i took in secretary paulson'sffice on december 15, 2008, to do the job that i was sent down there to do. but i wasn't really tempted with a big job on wall street. and frankly, if it meant getting a judgeship, compromising the job that i needed to do and was supposed to do, it just wasn't interesting to me. but look, let me be verclear. i also have the fallback oi was a trial lawyer. i prosecuted a lot of big cases. and i knew that wcktever happened, i could always go bact and get a good job in new york, working at a law firm or doing legal work. so it gave me a degree of financial freedom even though i basically spent most of my career as a government employee and i didn't have money. i didn't necessarily need to please anyone to be able to go back and still be able to feed my family. >> what happens to a political society, to a democracy, when we stifle or bribe or shoot the sheriff? >> when i had my incident with he assistant secretary that my s deputy, who had come down from -- who's another former federal pro

. >> let's check in with steve paulson. i heard you say? >> it's on the coast. we have some partly cloudy skies, this system is going parallel to the coast and it is there so a possibility of it being up in the sierra nevada, here is sal. >>> good morning, it is looking good heading to the mcarthur maze, it looks like a nice drive all the way out to the bay bridge toll plaza and everything looks good approaching the 880 split let's go back to the desk. >>> after political drama in san francisco, it all comes down to today for suspended sheriff ross mirkarimi. let's go to supervisors where they will finally decide his fate, tara? >> reporter: they are going to meet and take public comment and hopefully come up with a decision, hopefully there are no more delays in this process which has lasted almost a year. as you may remember, the ethics commission voted to oust sheriff ross mirkarimi. he showed up in hand with his wife eliana lopez who had flown in to be by his side. sheriff ross mirkarimi pled guilty to a false imprisonment charge. now sheriff ross mirkarimi

. >>> good morning, let's go to steve paulson. >> starting later today, we have clear skies, some locationshe 40s. yet the city is at 62 degrees. there is a front to the north. >> westbound 4 looks good with

and to be very clear, this was told to me by paulson people under the bush administration and the samexact wordwere told to me by the geithner people under the obama administration. but it was a remarkable thing to hear. because who could really believe that otherhan people who had come from these institutions. and my response, of course, is h "where have you been for the last couple of years? what rock have you been under, that you haven't seen that these guys would sell their soul for a few basis points of profit?" that ideas like they wouldn't risk their reputations or wouldn't embarrass themselves again, as bill dudley, the president of the new york fed said to me when i complained about relying too heavily on credit-rating agencies. this was the core ideology and approach of how they viewed the financial crisis. it wasn't the bank's fault. and if we could just trust them, we'll be in a good place again. >> and yet, there haven't been prosecutions have there, of these -- the people culpable for this crash? >> no, i mean, what our office did was to detect, prosecute, investigate, an

. >> and good morning, i am pam cook, let's check in with steve paulson for the weather. >> yesterday we had fog but it is all gone. it is windy out towards the valley maybe some of the higher elevations as well with. 70s 80s and 90s, here is sal. >>> we will start reminding you about a closure on this very same bridge. also it looks good on the golden gate bridge as you head south. let's go back to the desk. >>> they are picking up the pieces, it crashed in the what i. alex savage is where the team is down but not out, right alex? >> reporter: this is a major setback. this was the boat they were planning to race during the america's cup and it capsized yesterday afternoon and

offensively, the loss of fred davis means unheralded logan paulson moved into the starting tight end role, something he never expected would happen. >> i thought my role was going to be a backup and spot duty and maybe a second string guy at some point and thankfully i'm here and this is my third season and i've been able to stick around. >> reporter: what is it that w logan brings to the snabl >> just that lumberjack style. he's a hard worker. logan has been that kind of a guy. he's a workhorse. >> reporter: it's not right that you call him a lumberjack because he looks like one. >> it's not right, but he plays the game like one. i like his look, i like all that. he's that old school tight end. this day and age, you've got tight ends that they're mixed with a little wide receiver here and there. logan is a true old school tight end. you throw any pass to him, he'll pass it or block anybody. >> nobody will ever mistake logan paulson for a tweenor. >> i don't think so. >> of any kind. >> that's good stuff. >> did you like the helmets? they were wearing the throwback uniforms this week

steve paulson is here with the forecast. it was windy yesterday.initely cooler today. >> we had two different wind directions yesterday. one was east and later west. we've gone from very warm record highs yesterday. low clouds are back. temperatures by the coast will drop a good 20 degrees and the system move into the north is the first what looks to be many that will give us a big cooling trend and rain next week. 60s and 70s today or a few low 80s. >>> southbound 101 looks pretty good. no problems. but it's a little foggy near the golden gate bridge. also we are looking at westbound 24 between walnut creek and oakland and that is a nice looking drive. let's go back to the desk. >>> breaking news still coming in. shots were fired at san francisco police officers just hours ago during a routine stop right now a search is still going on for a person who fired those shots. ktvu alex savidge has been at the scene since 4:30. a lot happened in there. bring us up to date. >> this was supposed to be a routine traffic stop but it ended with gunfire. this

paulson. >> oh, would you like to ride in the beautiful subway? would you like to ride in the beautiful subway? we can ride along this city, you and i, for we can fly. we can fly. up, up and away in the beautiful, the beautiful central subway and then we'll make reading item no. 3. we have dominica henderson from supervisor olague's office. >> good afternoon, supervisors. supervisor olague wanted to make sure she thanked both supervisor cohen and mar cosponsoring this item. i am happy to go through those amendments individually if you would prefer, or give you an overview summary if that is what you prefer. there was one non-substantive amendment that was proposed today that has been hopefully provided. >> so i think just summarizing them and then we do have the language in front of us, but if you could just summarize the amendments and then the non-substantive one as well. >> okay, so a brief summary of the amendments. the legislation is working to provide the right to return for public housing residents who are undergoing a redevelopment activit

steve paulson always a pleasure. >> thank you. good to see every. we have a little bit of lightning going on in the san mateo coast. coming around an area of low pressure right there. also coming off from the sierra nevada into lake county as well. partly cloudies today. occasionally showers. we'll talk about that coming up. >> right now san mateo bridge traffic looks good getting out to the high-rise no major problems. steve mentioned there will be a little bit of showers in some of the commutes. we'll let you know when that happens. this is a look at the golden gate bridge. let's go back to the desk. >>> we are continuing to follow breaking news out of union city where a massive fire at a strip mall has damaged several businesses. claudine wong is live now with information on where that fire may have started and an injury to a firefighter claudine. >> reporter: fortunately that firefighter will be okay. let me show you the scene right now. still very active out here. this union city strip mall. you can see the fire fighters still in place. you can

reports coming out of both wamu and it's printed cause people to pull more money of and he gets hank paulson on the phone and he tells him he essentially there is no help coming because he should have sold to jpmorgan chase and that is when it becomes that a body that they have no friends in washington and then you say didier circumstances as you enter september of 2008. >> because jpmorgan didn't get the bank in the spring of 2008 jpmorgan is not a bank that likes to lose. they were not happy to have not won wamu in the spring so they were biding their time essentially until they could return and have another opportunity so you can bet they were taking the opportunity to meet with regulators, talk to regulators and often about wamu. >> we were both on a story for different publications covering it at the same time. this book is made up of so much more than that. tell us a little bit about the difficulty of getting to the bottom of some of these reports, what was really going on with the fdic and sheila bair. they didn't just respond to the freedom of information request via the >> no, they

the gift from queen's native john paulson is believed to be the largest ever to a public park.port $12 billion has fond memo memories of going to the park as a child. his donation will go to maintaining the park's 130 acres of woodlands, 21 playgrounds, and other facilities. can you imagine picking your favorite little place and laying down $100 million check. >> got to be something named after him in central park. >> i would think so. >>> here's your wednesday weather, everybody. a morning drizzle around new york city, new jersey, boston, coastal connecticut, showers in south florida. hail, high winds for minneapolis to kansas city. mix of ran and snow from the dakotas to salt lake city. rain and mountain snow in the pacific northwest. >> 50s in seattle and portland. just 33 in billings. 70s in the midwest. 80s across the south. >>> well, halloween is exactly one week away. so, 'tis the season for the living dead to strut their stuff. >> ghoulish creatures packed the streets of key west for the annual zombie bike ride. a lot of scary skeletons, white-faced find friends -- find

. $100 million from hedge fund billionaire john paulson. >>> barney's is under fire for its electric holiday ad campaign featuring a very skinny mini mouse. critics are upset the usually round mouse is runway thin in a short film where she fantasizes she's in a paris fashion show. >>> and the national retail federation estimates americans will spend 370 million bucks on costumes this halloween, unreal, for their pets. the topics pumpkins, devils, and hot dogs. >>> coming up, eva longoria splits from her jet setting man, ozzie's millions and is the world's fastest human making a challenge that even he can't deliver on. sports headlines are straight ahead. >>> this warm air is not here to stay. starting tomorrow the cold plunge from canada begins. your forecast is coming up. you're watching "early today." >>> in sports very exciting. the world series begins tonight it features two former cy young winners. justin verlander and barry zito for the giants. >>> a lot of the circumstances swirling around. they should not be a factor. sometimes they are. it's my job to focus on what's importa

. >>> steve paulson is up in a few minutes to tell you if the bay area continues to see cooler temperatures. >>> also we'll tell you who is calling for a boycott of a bay area supermarket chain and why. ?o?ooooóññ >>> and liftoff! >> a california company is taking a half ton of flesh suppliers to the international space station. space-x launched this rocket from florida last night. nasa has a contract for a total of 12 deliveries by the unmanned dragon capsule. not only will it take food, clothes and experiments to the space station, it will also bring back tons of trash and equipment. >>> only one more day until 43- year-old felix bumgardner is scheduled to -- until -- is scheduled to hoist off in this capsule. hopes to -- he hopes to break two words, falling at 17,000 feet and falling the fastest by breaking the sound barrier. >>> the family of a murdered hercules woman is using a website to help find her killers. the vehicle is a sky blue subaru outback with idaho license plates, they would like anyone to call if they have seen where this car went. >>> mervyndymally died. he spent more t

paulson. >> thank you. good afternoon land use. land use in the sky keep on turning. i do not that we're going to be learning tomorrow. land use in the sky keep on turning. i know you are going to be standing taller waller. wheels in the sky keep on turning and i know that we're going to be buying and we're going to be learning tomorrow. [ applause ] >> thank you. >> is there anyone else from the public that would like to speak? seeing none, public comment is closed. so supervisor wiener? >> thank you very much, mr. chairman and thank you to everyone who came out today. i believe everyone agrees that this is a very important resolution to move forward and to create this new public space for the community. and it's a very positive thing. i do want to just address the issue that was raised about this being one project. i agree that it's one project. it seems like there is, from what i'm hearing from my colleagues, without speaking for my colleagues it seems like there is probably agreement on that >> thank you, supervisor cohen? >> yes, i will second that motion, but i

jim paulson joins us now with his outlook.ack. >> thanks, scott. >> face of all of this, you still have a pretty aggressive target going into year's end. >> i do. i have been at 1500 all year and i think that's a reasonable target for the s&p 500. we could well take out the new all-time highs next year, and i guess i think there is two big things, scott, many things that affect the market of course. we'll get by the uncertain election and beyond the fiscal cliff, and i look at two big catalysts going into next year. one is we have to get the emerging world economic recovery going again and secondly we need to develop an attitude in this country that the u.s. recovery is not just on life support from the fed but a sustainable inherently growing animal. i think we might accomplish both of those. the chinese officials have been bizly working and dropping the shibor rate to slightly over 3. the real money supply is rising in that country and with a year's leg i think china might pick up in the early part of next year. if that happ

. >> grant paulson says he won't be back on the field until he is cleared by rules now in place. >> recalling numbers and different quizzes almost that they give you. you are in and out of a darkroom. they do something similar to what people go through medically. >> there are two issues. the first being rg3's concussion the second, when does rg3 get out of bounds and protect himself? >> this is his fifth game in the pro, he'll figure it out. >> as he watches the third and fourth quarter and sees his team lose, he isn't going to want to experience that again. >> he has to be on the field. >> no question. >> cross that white line, step over it. your value is being on the field. >> bruce johnson, 9news now. >> a lot of folks saw that one coming. former penn state football coach, jerry sandusky, will be sentenced tomorrow. according to his lawyer, sandusky will speak in court and proclaim his innocence. he'll be sentenced on 45 counts of child sex abuse. he could face 442 years in prison. sandusky has been in isolation ever since he was convicted back in june. he spends his days exercising and re

city's central park got its biggest donation ever, $100 million from hedge fund billionaire john paulson. >>> barneys is under fire for its electric ad campaign. it features a very skinny minnie mouse. >>> and the national retail federation estimates americans will spend 370 million bucks on costumes this halloween for their pets. the top picks, pumpkins, devils, and hot dogs. >>> eva longoria splits from her jet setting man. >>> sports, straight ahead. you're watching "first look" on msnbc. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> pitching matchup features two former cy young award winners. justin verlander for detroit and barry zito for the giants. >> a lot of the circumstances swirling around, you know, this should not be a factor. sometimes they are. but it's my job to focus on what's important. >> just being able to

. >> and steve paulson is back in a new minutes. he's watching the radar and satellite images to let you know when more rain will fall. >> and angry victims of the san withdrew bruno explosion just met with reporters. why they want a state official to be fired. card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. >>> a driver has been arrested following a crash at western boulevard and medford avenue near san lorenzo. the driver was speeding shortly after 2 a.m. and lost control after going over railroad tracks. the car hit a parked minivan and a second car was also damaged. the driver was taken to jail. a passenger was treated for minor injuries. >>> the jury was scheduled to begin deliberations this morning in the murder trial oophagy bellest toe ban. he is accused of murdering nursing student michelle lay. her body was fo

but hank paulson had that strategic economic dialogue -- we have to do that.he right thing to do. america will have the -- america's might, in my opinion, is based upon three things. economic power, which is the foundation of all other things and all jobs and all buildings and all -- i know when i see some of the people standing in front of the hoover dam -- the government. that was actually built by bechtel. it was your taxpayer money. the know-how usually comes out of american business. i checked who built the space ships that land on the moon. it was a predecessor to boeing. these are collaborations through government and business and economic and military are directly related and the united states will be the military power for a long time period, as long as we're the economic power. i think the moral power of the united states is called freedom and democracy. and human rights and rule of law and those things. we shouldn't forget that. you go to china, they look at america, they say how lucky we are to have those things and the businesses and why are we co

meteorologist steve paulson says weather in st. louis won't be a problem today. he will tell you more about that a little later on. you can watch the game right here on ktvu. coverage begins at 4:30 following a special edition of ktvu news. the first pitch will be at 5:07. today's forecast scattered showers for the american league championship series between the detroit tigers and new york yankees should be played this afternoon. the game was postponed yesterday due to rain. the tigers have a 3-0 series lead. the yankees start their top pitcher, c.c. sabathia. >>> it's a happy day for the blond boomer for sure. his luck changed. >> ahead, the sea lion had another big day today. >> steve will be up soon to tell you how much the bay area will heat up this afternoon and he has a check on weather for the baseball game in st. louis. Ñ introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at over 17,500 chase atms all for o