something that is really the focus of the paulson initiative and the paulson institute. having a sustainable economic growth plan, a model, perhaps, a rising china on how to implement sustained economic growth. we hear about the environmental problems in china, mr. secretary. i am frankly a little bit surprised they haven't been addressed liquor. and i think i share that feeling with maybe some others. in fact, the problems it seemed to be getting worse over the past couple of years, accelerating over the past couple of months. of course, the pollution in beijing, the dead pigs in the river in shanghai. and i have seen stories in the paper this week about these problems. what will it take for china to really begin to address it? it seems at some point, the cost of not doing anything will exceed the cost of sitting still -- or changing it, i should say. >> andy, as you said, the paulson institute is a think and do tank, not-for-profit. it is focused on u.s.-china because we are the biggest economies in the world, biggest consumers of energy, biggest emitters of carbon. so

paulson. >> did you pay your city dues? did you read the news when the paper landed in your front yard? city i'll be there to shake your hand and i will be there to share all of the airport land when you approve this item. shake your city hand and share the airport land. shake your hand and share the airport land. >> thank you mr. paulson. any other members of the public wish to comment on item five? seeing none public comment is closed. colleagues can we move this forward with recommendation. >> yes. >> and without opposition. mr. clerk do we have any other items. >> that completes the budget and finance sub-committee jnd. >> thank you. we are adjourned

paulson. >> did you pay your city dues? did you read the news when the paper landed in your front yard? city i'll be there to shake your hand and i will be there to share all of the airport land when you approve this item. shake your city hand and share the airport land. shake your hand and share the airport land. >> thank you mr. paulson. any other members of the public wish to comment on item five? seeing none public comment is closed. colleagues can we move this forward with recommendation. >> yes. >> and without opposition. mr. clerk do we have any other items. >> that completes the budget and finance sub-committee jnd. >> thank you. we are adjourned >>> thank you everyone for being here. i'm with the neighborhood development corporation. it is my pleasure to be able to greet you and welcome you to the grand opening of kelly's community. as i was walking in here someone said this is over-the-top. while the name maybe on the title, this is really not owned by cnbc, this is a community access. we are nearly the stewards o

paulson. >> did you pay your city dues? did you read the news when the paper landed in your front yard? city i'll be there to shake your hand and i will be there to share all of the airport land when you approve this item. shake your city hand and share the airport land. shake your hand and share the airport land. >> thank you mr. paulson. any other members of the public wish to comment on item five? seeing none public comment is closed. colleagues can we move this forward with recommendation. >> yes. >> and without opposition. mr. clerk do we have any other items. >> that completes the budget and finance sub-committee jnd. finance sub-committee jnd. >> chair farrell: good afternoon. everyone. welcome to the san francisco board of supervisors budget and finance in the for wednesday, april 3, 2013. i am mark farrell, i will be chairing this committee 1kwr0eu7d by supervisor mar, london breed, scott wiener and john avalos. i would like to thank the members of sfgvtv as well as the clerk of the committee, victor young. do we h

paulson. >> did you pay your city dues? did you read the news when the paper landed in your front yard? city i'll be there to shake your hand and i will be there to share all of the airport land when you approve this item. shake your city hand and share the airport land. shake your hand and share the airport land. >> thank you mr. paulson. any other members of the public wish to comment on item five? seeing none public comment is closed. colleagues can we move this forward with recommendation. >> yes. >> and without opposition. mr. clerk do we have any other items. >> that completes the budget and finance sub-committee jnd. >> thank you. we are adjourned >> good morning, everybody, thank you for joining us this morning, in the bill gram auditor um and we are joined this morning by these gentleman up here but i wanted to especially thank our district attorney george gescon for joining us and being part of this wonderful effort that we are announcing today with our technology community and certainly with the families of sandy

paulson. >> did you pay your city dues? did you read the news when the paper landed in your front yard? city i'll be there to shake your hand and i will be there to share all of the airport land when you approve this item. shake your city hand and share the airport land. shake your hand and share the airport land. >> thank you mr. paulson. any other members of the public wish to comment on item five? seeing none public comment is closed. colleagues can we move this forward with recommendation. >> yes. >> and without opposition. mr. clerk do we have any other items. >> that completes the budget and finance sub-committee jnd. >> thank you. we are adjourned tape 55 >> welcome, this is carl. >> great to meet you. >> great to me you, and i want to thank you for your interest and this is the city's animal shelter. and come in and a lot of people come here to adopt a animal or if they have lost their animal or looking for other animals. and we deal with other animals like birds and rabbits and you name it. this is more to see in t

>> i do want to address paulson because that's the next speculation in the market. with gold prices coming down will we start to see redemption? will there be pressure to change strategy? kate kelly is saying paulson will not change the strategy. that's the party line right now. that's certainly something in the markets to watch next week. as a major holder of gld. how much pain are investors going to endure before they start saying, you know what, give me my money back. >> i think that's the bigger point. it may not be the pain that he can take, it's whether or not he gets redemptions. >> let's step into the earnings fire, shall we? next week is quite a big week for earnings. let's find out which stocks our buyers are selling. bk, kick it off. >> next week we have a lot of tech earnings. intel is one of them. we've seen pcs plunging. i'm staying short, ewy. very heavy tech. very heavy international trade. >> josh? >> as a rule i try not to buy a stock just because it's reporting, but the one i'm most interested to see and i may get involved with is linked-in. not q

paulson. >> thank you budget and finance. we shall my budget bill we are things that need school as well. i love you. i love your budget. we need you. i guess you know by now we will get to you some budget how. until that time we will be doing swell budget bell. i see when your budget when the coal wind blows and the sweet songs about the city dough. have you seen the budget? tell me have you seen it? have you seen the budget? tell me have you seen it? why oh why does the budget leave and go away? oh i have been used to having budget to lean on and we need some at this budget home at the city hall dome. you have seen the budget money? and we surely need it for the school now, and the budget needs it. >> thank you mr. paulson. anybody else wish to comment on item three? seeing none public comment is closed. can we have a motion to move this forward with recommendation. >> so moved. >> we can do so out opposition. mr. clerk will you please call item four. >> item four ordinance authorizing the payment of $250,000 to doe one for

paulson. >> did you pay your city dues? did you read the news when the paper landed in your front yard? city i'll be there to shake your hand and i will be there to share all of the airport land when you approve this item. shake your city hand and share the airport land. shake your hand and share the airport land. >> thank you mr. paulson. any other members of the public wish to comment on item five? seeing none public comment is closed. colleagues can we move this forward with recommendation. >> yes. >> and without opposition. mr. clerk do we have any other items. >> that completes the budget and finance sub-committee jnd. >> thank you. we are adjourned >> just a little pack of pad located at the bottom of russian hill, the secret garden with an intimate and captivating appeal. carefully tucked away, at the bottom of lumbar street, the park makes the top of our list for the most intimate picnic setting. avoid all tourist cars by hopping on the cable car. or the 30, 45, 41 or 91 bus. this is the place to tell someone someth

something that is really the focus of the paulson initiative and the paulson institute.aving a sustainable economic growth plan, a model, perhaps, advising china and the united states on how to implement sustainable economic growth. we hear about the environmental problems in china, mr. secretary. i am frankly a little bit surprised they haven't been addressed quicker, and i think i share that feeling with maybe some others. in fact, the problems it seemed to be getting worse over the past couple of years, accelerating over the past couple of months. of course, the pollution in beijing, the dead pigs in the river in shanghai. and then seeing stories in the paper this week about these problems. what will it take for china to really begin to address it? it seems at some point, the cost of not doing anything will exceed the cost of sitting still -- or changing it, i should say. >> andy, as you said, the paulson institute is a think and do tank, it's not-for-profit. it is focused on u.s.-china because we are the biggest economies in the world, biggest consumers of energy, bi

paulson. >> did you pay your city dues? did you read the news when the paper landed in your front yard? city i'll be there to shake your hand and i will be there to share all of the airport land when you approve this item. shake your city hand and share the airport land. shake your hand and share the airport land. >> thank you mr. paulson. any other members of the public wish to comment on item five? seeing none public comment is closed. colleagues can we move this forward with recommendation. >> yes. >> and without opposition. mr. clerk do we have any other items. >> that completes the budget and finance sub-committee jnd. >> thank you. we are adjourned >>> all right. every year we come out to celebrate arbor day in the month of march and i'm happy to kickoff this year arbor day here at this special location. joined with us today we have several guest. i know dan is here, larry stringer is here and our colleagues and our partners in arbor day. today like many other days, trees will be dedicated in someone who has contribut

now former treasury secretary henry paulson. he spoke yesterday at george washington university about china's economic, environmental, and political challenges. for jen magazine managing moderatedy serwer this discussion --"fortune" magazine managing editor andy serwer. >> it is a pleasure to welcome you to george washington university where we are honored to host a conversation, a preview event for the 2013 "fortune "global forum which this year will be held in chengdu china. it brings together chief executives of global thought leaders to discuss national commerce and other issues. this year i am delighted to announce at george washington university will become the first and so far the only educational partner for the "fortune" global for him it will provide and facultyudents and alumni to very important content that is developed there, but also "fortune" will have access to our faculty expertise. it is now a pleasure to introduce today's speakers for this preview event. henry, better known as hank paulson, was sworn in as 74

what paulson is doing with his gold position given that paulson and company owns more than 5% of outstandinged on my reporting, he is not selling right now. paulson offers investors in his funds the right to put their money in what he calls gold shares, an alternative currency tote u.s. dollar that has historically provided greater yield to those investors. john paulson himself invests in gold shares and has seen a sizeable haircut in recent days as have other gold share investors who make up a third of the fund's $18 billion in aum. but paulson investors can only move from gold into dollars on an annual basis so that rotation, if it occurs, won't start until the end of the quarter and is not responsible for what we're seeing in recent days. paulson and other hedge funds who hold gold are feeling pains today. paulson owns substantial stakes in the miners including anglogold, freeport and detour. it has seen huge reversals of late with the gold fund down nearly 30% through march of this year alone. paulson is not the only one who may be getting hurt. david einhorn's green light capital, blue

a deal that paulson supported. he says to stay tuned to that space. he expected to see more activity in it. and on the gold side they are sticking to their thesis in doing two things. and taking a large position in the gld so they're going to stay the course but they do think it could be choppy in the weeks and months to come. >> to the bond market now where we have got breaking news. rick tracking the action. hi, rick. >> hi. 35 billion brand new bouncing baby five year notes hitting the street. the auction priced outside the wi. we give it a c plus. and it ended up at .71 yield. tiler back to you. >> thank you very much. apple stock falling far from the tree. the company's plan failed to ignite investors. soft outlook from apple from the current quarter prompted at least 17 brokerages to cut their targets. there you see, let's let that linger here so people can get their minds around what they're looking at here. it is off more than 40% from its all-time high. back in september. now josh is going explain how wall street got so much so wrong on apple

they cleared a 70-foot tree that fell against a home and coming up in just a bit, steve paulson will have your full weather forecast. >>> denver is bracing for a storm that could bring up to 12 inches of snow. strong winds brought a tree down on to a house and it is part of the same system which affected us yesterday. all schools are closed today and they are reporting 2 dozen canceled flights and they are warning travelers to expect delays. by the way, good morning to you, sal. >> good morning, dave, good morning tara. we have been watching san francisco and we have a lane blocked and so far it is not enough to cause a big traffic jam. westbound getting into to oakland, traffic continues to look good all the way into the city and if you are driving on northbound 280 coming to downtown san jose, that traffic is off to a good start. let's go to steve. >>> traffic is off to a better start than yesterday, it's clear out there sunny and windy, today mostly sunny and a little breezy but it will also be warmer an average highs this time of year 60 to about 70 and we will continue to trend

something that is really the focus of the paulson initiative and the paulson institute.aving a sustainable economic growth plan, a model, perhaps, a rising china on how to implement sustained economic growth. environmentalthe problems in china, mr. secretary. i am frankly a little bit surprised they haven't been addressed liquor. and i think i share that feeling with maybe some others. in fact, the problems it seemed to be getting worse over the past couple of years, accelerating over the past couple of months. of course, the pollution in beijing, the dead pigs in the river in shanghai. and i have seen stories in the paper this week about these problems. what will it take for china to really begin to address it? it seems at some point, the cost of not doing anything will exceed the cost of sitting still -- or changing it, i should say. >> andy, as you said, the paulson institute is a think and do tank, not-for-profit. it is focused on u.s.-china because we are the biggest economies in the world, biggest consumers of energy, biggest emitters of carbon. so a lot is focused

i'm going give a hat tip to my radio show he to jim paulson to wells capital management who made the point and i like it very much. now, let's debate, bring in the pros. joel, and i will start with you don, because i do not think you agree with a thing i just said. >> look, larry. this is one of the subtlies, you want the bull/bear debates, i believe that to bes are fully valued now, they are not cheap or expensive. we have a forward pe of about 14, that is kind of in the high range of where it's gotten for the last four or five years. you know, we may get a good earnings season, we may not. what counts is whether forward earnings expectations are growing and they are growing now at a rate of 5%. here we are with stocks all the way back to where they were in 2007, which is where they were in 2000, and forward multiples are high to normal, with earnings going to 5% approximate. where do you go from here? another 5% in stocks? where do we get the earnings multiple expansion? i'm not saying that we will go into a bear market or a serious correction. but where is the case for some kind o

let's go first to meteorologist steve paulson.now. >> well, they are not too bad. they were a lot stronger. between 1, 4. it's sunny and going to be a great day for visibility. that's for sure. but the low gave us light rain. it's swinging into nevada. still some snowshowers, rain showers. it will be gone by tonight. the gusts at sfo, 50, 75 near ocean beach. but still about 25 to about 35 although things seem to be calming down for a few. it will still be a breezy, blustery day. we have a wind advisory. here's sal. >>> traffic is going to be moving well on the golden gate bridge. it's very windy across that span and other spans as well. the morning commute looks good on the san mateo bridge. you will feel the wind. and people may be driving slower because of it. 8:00. let's go back to the desk. >>> the wind is causing power outages as well, knocking out power for thousands of people around the bay area. more than 8,000 customers still have no electricity on the peninsula. 970 customers have no power in the north bay. more than 12

. >> steve paulson is coming up in minutes to tell us how much rain we got and whether we are in store for anymore. a much anticipated announcement from facebook late this morning. we will explain it to you. >>> traffic near downtown oakland was blocked this morning by a downed power pole and live wires. police say something in the back of a truck may have snagged the wires and pulled the power line down. it happened just after 7:00 a.m. at 20th and castro streets. pg&e was out there an hour later to do repairs. no word on power outages in the area. >>> facebook this morning unveiled new software for android smart phones that it hopes will give it a leg up on its competition with google. jade hernandez is live with what you have heard from facebook headquarters. good afternoon. >> reporter: good afternoon, mark zuckerberg has made facebook a realtime experience which begins the minute you turn on your phone, facebook is no longer an app, it is the home page you go to whenever you pick up your phone and he says connecting to those around you is easier than ever because you no longer hav

let's go first to meteorologist steve paulson.re not too bad. they were a lot stronger. between 1, 4. it's sunny and going to be a great day for visibility. that's for sure. but the low gave us light rain. it's swinging into nevada. still some snowshowers, rain showers. it will be gone by tonight. the gusts at sfo, 50, 75 near ocean beach. but still about 25 to about 35 although things seem to be calming down for a few. it will still be a breezy, blustery day. we have a wind advisory. here's sal. >>> traffic is going to be moving well on the golden gate bridge. it's very windy across that span and other spans as well. the morning commute looks good on the san mateo bridge. you will feel the wind. and people may be driving slower because of it. 8:00. let's go back to the desk. >>> the wind is causing power outages as well, knocking out power for thousands of people around the bay area. more than 8,000 customers still have no electricity on the peninsula. 970 customers have no power in the north bay. more than 1200 lost their power

. >> steve paulson is coming up in minutes to tell us how much rain we got and whether we are in store for anymore. a much anticipated announcement from facebook late this morning. we will explain it to you. >>> traffic near downtown oakland was blocked this morning by a downed power pole and live wires. police say something in the back of a truck may have snagged the wires and pulled the power line down. it happened just after 7:00 a.m. at 20th and castro streets. pg&e was out there an hour later to do repairs. no word on power outages in the area. >>> facebook this morning unveiled new software for android smart phones that it hopes will give it a leg up on its competition with google. jade hernandez is live with what you have heard from facebook headquarters. good afternoon. >> reporter: good afternoon, mark zuckerberg has made facebook a realtime experience which begins the minute you turn on your phone, facebook is no longer an app, it is the home page you go to whenever you pick up your phone and he says connecting to those around you is easier than ever because you no longer hav

and steve paulson tomorrow morning, as the front goes through, sunday night into monday so tomorrow fogice weather. highs tomorrow, a lot of them, 77 clear lake. 76 fairfield. 78 antioch. close to 80 again. but cooler than it was yesterday. highs in san francisco, 66. five-day forecast with your bay area weekend in view, i think the real weather story is a beautiful weekend. but i think that sunday night deal, watch that, you will be here, the front goes through, the winds last sunday was impressive, could see 45 miles per hour winds. we will watch it. >> thank you. >>> no landing gear required. the incredible landing pulled off today by one pilot and we showed you this video yesterday of a teacher abusing students, today we get the principal's response to the allegations. tired of fees piling up on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. >>> the two men accused of beating a giants fan appeared in court today i

we will check in with steve paulson to find out more about those wind gusts a and when they will be dying down. >>> we have gusts on the coast. along the coast. some of the higher elevations still whipping up. some locations not that bad. sfo will be between 25-50 miles an hour. most locations are in the 20s. half-moon bay and flirting within 30-35-50. some of the gusts will continue to be rather blustery. most locations are in on the breeze or the wind. some areas really early this morning had strong winds. sunny today though. it will be highs 60 to near 70s. here is sal. >>> traffic is moving well on the golden gate bridge but all of the bridges will be experiencing gusty winds. you are driving through you need to give yourself extra time. a little bit of caution on the bay bridge as well. the backup at the toll plaza has not filled in quite yet. let's go back to the desk. >>> high winds have knocked out power to thousands in the bay area. 20,000 customers are without power on the peninsula. more than 2300 without power in the north bay. 1200 have lost power in the south bay. and 900 ar

steve paulson is back, how is the weather steven? >> it is much better, we are getting there.will still be a mild to warm day and with the high clouds it will be sunny to mostly sunny and big changes are on the way, here is sal. >>> we will start there, traffic does look good as you come up over the hill coming from concord to the willow pass grade, also on interstate 880, you may see some flashing lights but most of the lanes are open as you drive to downtown oakland. let's go to the desk. >>> they are leading the charge to an officer involved shooting. it happened in the city of napa and paul chambers tells us there is plenty of questions surrounding this. >> reporter: i can tell you a napa police officer was in napa when they were on surveillance. just after 8:00 last night, members of the napa special investigation bureau one man inside the car, one was believed have an assault of a deadly weapon. they held the men at gunpoint and as one man got out of the car the officers got into some sort of altercation leading the man to shoot him into the force so. he is unknown at th

. >> let's get a quick look at weather and traffic, mark tamayo is in for steve paulson, how are you?have some more rain showers later in the week and for today, some more patchy fog and we will be watching that over the next few hours and partly sunny skies with temperatures ranging from the low 70s to the low 80s. here is sal. >>> this morning's commute east and westbound still looks good, 5:00 let's go back to the desk. >>> it was one year ago today that a gunman killed seven people in oakland. tara moriarty is at the school to tell us how the victims are being remembered this morning, tara? >> reporter: flowers and several rocks adorn this area and you can see a sign says nursing classes begin soon but the school has been shut down over the year. friends and family remember the who are riff clay violent day -- horrific violent day here and they will have a memorial to remember those victims. the shooting rampage is exactly one year ago today claiming the lives of seven people. three people were injured when immigrant one goh walked on to oikos university and planned a shooting aft

. >> steve paulson is feeling better. my mom is worried about you. >> there are 10 meteorologists, 9 are doing well. >>> it will be really warm, 60s to mid-70s inland on the temperatures and it looks like big changes for tomorrow, here is sal. >>> 880 looks good and the general tone is good. i don't want to jinx it but we are looking good on the san mateo and dumbarton bridges, it is 5:00 let's go back to the desks. >>> we begin with a police involved shooting and paul chambers joins us now to tell us there are so many critical questions that need to be answered, good morning, paul. >>> we are live at the sheriff's office and we know that a police from napa is under watch after surveillance which happened just after 8:00 last night. members of the napa bureau were whapping several people. the three men were inside the car and they had them at gunpoint and they believe they had them for assault. one of the men was fitting out of the car. that man was transported to the hospital. the two other men were taken into police cus

we will check in with steve paulson to find out more about those wind gusts a and when they will be dying down. >>> we have gusts on the coast. along the coast. some of the higher elevations still whipping up. some locations not that bad. sfo will be between 25-50 miles an hour. most locations are in the 20s. half-moon bay and flirting within 30-35-50. some of the gusts will continue to be rather blustery. most locations are in on the breeze or the wind. some areas really early this morning had strong winds. sunny today though. it will be highs 60 to near 70s. here is sal. >>> traffic is moving well on the golden gate bridge but all of the bridges will be experiencing gusty winds. you are driving through you need to give yourself extra time. a little bit of caution on the bay bridge as well. the backup at the toll plaza has not filled in quite yet. let's go back to the desk. >>> high winds have knocked out power to thousands in the bay area. 20,000 customers are without power on the peninsula. more than 2300 without power in the north bay. 1200 have lost power in the south bay. and 900 ar

. >> got breaking news on hedge fund manager john paulson.peaking to investors with a review of his first-quarter performance and a little bit of outlook of the year to come. this is taking place as we speak. just got underway at 11:00. i'm told paulson is likely to flag his strong performance in a first quarter. buoyed by mma stories. and that's been a great holding for him so far this year. he is the company's largest investor. he voted with t-mobile. that's been up 10%, and there are other situations they'll be talking about. they feel bullish. they think it's something that tends to recover as the economy recovers. we've seen strong deal making. they'll be very involved in the situations indeed. they are trying to recast themselves as an mma specialist, being their historic strategy, the thing that founded the firm in '94 even though they're so well known for credit and trades. now paulson is very involved in gold. they, of course, have taken a beating of late. it's the single worst fund in the company. the gold fund is down almost 30% th

. >> thank you for waking up with us, this is steve paulson, it was definitely cooler last night. >> we have a lot of low clouds and fog so let's get right to it, mainly 50s, 60s or lower 70s, here is sal. >>> we have very nice very light traffic moving out to sunny veil, no major problems and also the morning commute looks good if you are heading to the golden gate bridge south. >>> arrests are made in oakland after police served high risk search warrants. tara moriarty is at police headquarters with exclusive videos of this multioperation, sarah? >> reporter: that's right, there were -- tara? >> reporter: that's right, they had conducted 16 high risk search warrants and they were keeping quiet about it at the time but we now know there were after weapons and drugs. let's look at the staging area at 14th street. 14 arrest warrants were served

. >> steve paulson you said it's drying up.t is the keyword i guess. >> there is a little drizzle. nothing like we had yesterday. look for temperatures to be in the 60s after morning low clouds. here is sal. >>> good morning, steve. traffic is doing well around the bay area. if you are driving through, the traffic continues to look pretty good. if you are driving on 24 westbound. the commute looks good on southbound # 80. now back to the desk. >>> in over night news police chased a stolen taxi cab from san francisco to pacifica and back opinion paul chambers is at san francisco state university where the-it a hole. >> the cab ended up on san francisco state university. police told me it all started when the cab was dropping off a person that had too much to drink. this were able to track the cab by gps from the cab company. as the driver was able to help someone out, another person unrelated jumped in the car and took off. the suspect drove the car through several city streets before hopping on interstate 280 driving at high ra

. >>> steve paulson is up in about fine minutes da -- nine minutes with details on a warmup. >>> the family of a little girl is grieving her devastating loss today. we'll tell you what happened behind this house and the attempts to save her. >>> investigators are looking into two deadly fires last night in san jose. the first one started at about 8:30 at a home on south daniel way. firefighters say the house was fully engulfed when they arrived and strong winds made it difficult to fight. they did pull an elderly woman out of the house but could not save her. another person was found dead inside the home after the fire was put out. the cause is still under investigation. >>> another tragic house fire just a few hours later has a san jose family grieving over the death of their little girl. ktvu's janine de la vega spoke with the girl's family and tells us what happened moments before the fire started. >> reporter: there's no damage from the fire on the outside on fifth and japan but the -- in japantown. but we were told by relatives that mariah angel gomez was the little girl found d

. >> good morning, thank you for waking up with us, steve paulson said it is warm and we have a few days of warm weather? >> yes, it could get windy into tomorrow night and that definitely needs to be watched, we are starting off with some 60s and we could end up with 90s. here is sal. >>> good morning. if you are driving on the freeways traffic is moving along well

steve paulson is here this is described as chambers commerce days. >> yeah. no doubt about it.ittle chill in the morning air. there is plenty of 40s up in the north bay. if you enjoyed yesterday, probably today as well. 60s and 70s. here is sal. >>> good morning. right now we are looking pretty good around the bay area as we go out and take a look at the roads. this is a look at traffic on 880 as you drive past the coliseum. also the morning commute is being evented by road work in san francisco. northbound 101 at the 80 split. one lane is open there. it's so light that it's not really effecting traffic too much. it looks like they may be picking up the road work any time now. at 4:29 let's go back to the desk. >> thank you very much. >>> we begin billion over night trouble in one oakland neighborhood. it involved a car, a fire hydrant, and a tire shop. tara moriarty joins us live from the scene at 50th salve. tara, what can you tell us? >> reporter: you know, it is quite a scene out here. if you take a look to the right you can see the fire hydrant was completely shorn off the

that would be meteorologist steve paulson. steve, relax now.aughter] >> the traffic -- he's probably surprised by that. the traffic is backed up all the way out to the macarthur maze. but he does get his weather right. if you are driving across the bridge or causeway today. you will notice the wind. it's going to be very windy. put that into your plans. you don't like driving in the wind, we'll just check with b.a.r.t. they are doing well. >> we still have slow traffic on 80. we had the earlier accident. look at 80. the road sensor is slowing a bunch of slow traffic from pinole down to berkeley. if this is your commute. you need to allow extra time. >> let's go to steve. >>> i actually tweeted something nonweather related. steely dan will be here august 17th. >> flashback. >> i know. >> we do have -- it's gonna be a rather windy day. some people are in on the breeze. others are not. mostly sunny. we had the some go by last night. gave us light rain. the cool air spilling in. you can see it's coming down the coast. by the way, where the temperat

also what are they doing all right john paulson actually has lost over eight billion dollars on this gold justice will just this week are baathists still insists on quick recovery in gold prices and you know gold is considered one of the best had just against inflation and paulson says that inflation will definitely increase in the near future because central banks have printed so much money so he remains bullish. another gold bull i've just spoken to him recently and he told me that he hopes that he will be clever enough to buy more gold once it reaches its bottom but you know the question is where is this bottom right and considering that gold actually rose like six hundred fifty percent from one thousand nine hundred ninety nine two thousand and eleven i mean it has all the way to go to fall to the bottom as well as the room for increase. thank you very much business are going to tell the physical. and that brings up to date on all the latest in business the sochi olympics are coming up in just a few months and then russia has to get ready for the twenty eighteen world cup champio

jim paulson, you know, what amazes me is no matter how much bad news we get, whether it's a terrible jobs report, threat from north korea, the european financial crisis, stocks just keep going up. i mean, what's driving this rally and what could derail it? >> well, i think a few things. one thing is we're, we are decenttizing a lit m bit, the investment culture of the idea of the armageddon story. we're sort of reacting less to it when we hear potential negative things. i think that's a healthy development. it kind of is one of the things you need to sustain a recovery, but i think the big catalyst this year has been that the growth in the first quarter of the united states has come in far better than expected. notwithstanding last friday's bad employment report, growth from the first quarter is probably going to be north of 3% foreal gdp when coming into the year, most expected only about 2% growth and as growth reports come in better than expected, people have to revids up their forecast. >> the dow is up 12% so far this year. how do you think it can end in percentage terms? >> i'v

meteorologist steve paulson coming back here.u when the hot temperatures will hit and how long it will last. >>> a mid-air collision over southern california leaves one person dead. >>> good morning. northbound 280. we have some slowing getting into the valley. we'll tell you more about the morning commute and the bay area weather. look at them kids. [ sigh ] they have no idea what it was like before u-verse high speed internet. yeah, you couldn't just stream movies to a device like that. one time, i had to wait half a day to watch a movie. you watched movies?! i was lucky if i could watch a show. show?! man, i was happy to see a sneezing panda clip! trevor, have you eaten today? you sound a little grumpy. [ laughter ] [ male announcer ] connect all your wi-fi-enabled devices with u-verse high speed internet. rethink possible. >>> federal investigators are looking into why two private planes collided over northern los angeles county yesterday afternoon. the pilot was killed and it started a small fire. the other plane made an eme

you can follow steve paulson, i will tell you how to do that in just a moment.looking good on 680 southbound out of pleasant hill to walnut creek. no problems on 24. still some persistent slow traffic on highway 24. steve, you're on twitter. >> never heard of it. >> right. you got a lot of followers. >> i don't want anybody following -- oh, yes, twitter, yes. yes. dave says patchy fog out in the richmond district. but strangely, no breeze. i can't find much except on the coast but nothing like earlier this week. there's patchy fog there. everything is slicing through nevada. we're on the western edge of that. it looks like that will be a very, very cold system coming into the north late sunday likely on monday. our pattern will change. today and tomorrow, 40s and 50s. 49 in antioch. we had low 40, upper 30s. we're starting to -- it doesn't take long to bounce off the lows. a lot of sunshine. some fog near the coast. not so much on the sonoma coast. you can see high pressure here. there's a system here. we may not get a repeat of the wind but we could. we'll have

. >>> we are going from high winds to meteorologist steve paulson, hey, steve. >> it is still breezycompared to what we had yesterday and that means temperatures will be warming up, if fact a lot of mid-to- upper 70s, here is sal. >> commuting conditions are very good around the bay area and it does look good driving north and southbound and there are no major problems. also it looks good if you are driving northbound on 101 and actually it is more like roadwork, eastbound 80 and one lane, it is so early that it is not causing a big traffic jam and we are going to watch that for you. let's go back to the desk. >>> there was a sexual assault at st. marys and tara moriarty is live and knows more about how he got into a disarm room. >> reporter: police are searching for a suspect, and they have confirmed a woman of college age was sexually assaulted in her townhouse resident hall and they believe the suspect came back after a meeting in berkeley friday night. she is one of the people here at the resource centers here. >> when it gets reported it means the system is working and the stude

you can follow steve paulson, i will tell you how to do that in just a moment.ic is looking good on 680 southbound out of pleasant hill to walnut creek. no problems on 24. still some persistent slow traffic on highway 24. steve, you're on twitter. >> never heard of it. >> right. you got a lot of followers. >> i don't want anybody following -- oh, yes, twitter, yes. yes. dave says patchy fog out in the richmond district. but strangely, no breeze. i can't find much except on the coast but nothing like earlier this week. there's patchy fog there. everything is slicing through nevada. we're on the western edge of that. it looks like that will be a very, very cold system coming into the north late sunday likely on monday. our pattern will change. today and tomorrow, 40s and 50s. 49 in antioch. we had low 40, upper 30s. we're starting to -- it doesn't take long to bounce off the lows. a lot of sunshine. some fog near the coast. not so much on the sonoma coast. you can see high pressure here. there's a system here. we may not get a repeat of the wind but we could. we'l

we have michael santelli -- san totalliy and jim paulson investment strategist at wells capital managementr wall street portfolio manager is still here with me. mike santelli, is this the correction? does this horrible boston murder situation and the gold thing open the door to the long-awaited correction? >> i actually don't think those two things would be the decisive things that would open that door, actually. i think we may have to be on alert for some kind of a correction. mostly because of we had a when i have of some kind of deflationary stuff going on yesterday. i don't think that's a big thing in the future. but i think we are at the point in the year when we have the same year-to-date gain the past couple years and you had a softening up -- >> what kind of deflationary stuff? >> cpi today was light and yesterday, the movements in the asset markets. by the way, i think it made sense that the market regained today, simply because after yesterday's kind of liquiddation type activity, you didn't see whales wash up on the beach, it didn't seem like anybody was trapped, didn't seem lik

also, thank you, secretary paulson, for coming and having this conversation with us. let's get right to it. the conversation today is about china and united states's relationship with them. hank is uniquely qualified to discuss this given his role in government and goldman sacks and the non-profit world. ish one of those roles salient in a unique way to what is going on in china and the relationship with the u.s. you will see that. let's get right to the most important topic with regard to china right now. that is the changeover in leadership. the goodu have said news is the president is a strong leader. the bad news is he has to be one. i wonder if you could explain exactly what you mean by that. >> yes. let me also say it is good to be back in washington. if only for a day. particularly good to be here with all of you. you stole my line there. he is a strong leader. they have a strong leadership team. we can talk a little bit about that. i think they have got some real challenges. this leadership team will be tested by challenges domestically and internationally ove

. - a lot of the big hedge funds i know, paulson has a lot in the market here, and a lot of the funds, a lot of the gold- bugs, are obviously losing a lot of money here, because gold is - as i have been saying for years, it's just like any other commodity: it trades, it goes up and down, and it is not a safe haven. barclays came out with a call yesterday telling people to put their money into safe havens. they say it is time to look for stocks that act like bonds. what are some names that you would want to buy? - my personal opinion is these markets are slightly overvalued here. they are looking at the johnson & johnsons of the world, colgate, verizon, mcdonald's. all the safe stocks, the everyday need stocks that are going to do business no matter what. that is what they are looking at. but those talks are a little overvalued. that was really the first tipoff that the market was looking to sell, because that is where the money was going, into some of those safer havens, as i like to call them. - mcdonald's recently had an all-time high. would you want to buy at those levels? maybe, m

he was all hank paulson. then guess what? he got booted out of office and they brought in another guy. so, i'm like man, this is going to work with this guy, too. every new attorney that come n you have to sit down with them and meet them and tell them what this means to you and what you can do and what you can't do, see if they'll go with it. and, so, the new guy came in and i was like, i don't know if he's going to go with this, but let's try it anyway. so, this is where we met william brahas. i'll tell you a little about him, too, and his story. i'll wait for the advertisement. [video presentation] >> money for your gold. [video presentation continued] [speaker not understood]. >> all right. william brahas, 20 years old, how we caught him, too, he used a lot of the internet. he was all over youtube, facebook. his girlfriend was big in helping us locate him. she put it on her facebook. you know, i don't know if you guys know this, too, when you take a picture and you post it on your facebook, it gives a little longitude-lat

first we do to steve paulson. good morning. >> hello. how are

[applause] eckerd terry -- today on c-span, former treasury secretary hank paulson. later, the future of ebay with john donahue. >> in this high-tech digital age with high death television and high definition video, still all we get is static. that veil of mass truths -- of half-truths' obscured reality. we need media to give us this dictionary definition of static. we need the media covers power, not covers for power. we need a media that is the fourth estate, not for the state. and we need immediate that covers the movements that create static and make history. >> author, host, an executive producer of "democracy now," amy goodman taking your calls and tweets. >> former treasury secretary hank