i am watching local developers lose out to john paulson. don't you want puerto ricans to win? now, they have someone to help them in a very hard situation. without people like paulson that invest on their assets, they would be able to lose, they were about to lose a lot of money. they are not losing that money now. it is a synergy that we are creating. they want to compete in favor of their states. i need to do the same. i respect them, we work together, their states are competing, they are blooming. new york is great. everybody loves new york. but, we need to compete, we need to improve. there was a lot that was not improving. there are more than 2 million puerto ricans who want their politicians to work for puerto rico to improve. >> there are some that argue that john paulson has an advantage. that he has politicians in his back pocket. he is getting looks on deals that no one else has. >> they will have the same -- >> but they already live here. puerto ricans are saying that they want to have the government believe in them. >> john paulson saved the game for that and he lo

i sat down with john paulson to get his take. take a listen. >> we'll have to see how creative this transition is to abbvie. if they get multiple expansion, their stock can rise after the transaction. and if you hold on to shire stock, you can get an additional premi premium. >> let's bring in meg. >> well, this is the biggest transition, $54 billion. and people tell me this is going to heighten the pressure on competitors to do deals before it gets to late. already a lot of scrutiny by washington. are they going to close this loophole? and miles white wrote an op-ed asking, why is everyone tiptoeing around this? and abbvie and shire, shire is big on rare diseases. and the question is, is this going to drive abbvie to do more deals in rare diseases? and potential targets, biomarin, sobi, others. >> and it was interesting, paulson said, in pharma, it's going to be predator and prey. a lot of companies are going to have to do a deal soon. >> and what's interesting is, shire just reported great numbers. this is a company, if you loo

john paulson, manager of the $2 billion firm paulson and company the grandfather of the famous subprimeing he had done a 180 and snapping up u.s. residential properties in large numbers. he also recommended a primary residence as single best investment in individual could make. afew -- >> housing starts up 50% from the trowel and that created a lot of excitement. however, the peak was 1.8 million, and we estimate you need about 1.2 million new single-family homes a year to meet population growth and replacement demand in the u.s. while up 50% for the lows, we're still only half of what we believe is the long-term trend. >> a few things have changed since then and at least one notable housing buyer, blackstone group, thinks the big opportunity to invest is passing right now they've slowed their pace of investment. mortgage rates are lower than last july when paulson spoke and housing starts are still a ways off from where paulson thinks they can meet demand. we'll see if he still feels as strongly as he did a year ago. m&a, paulson established himself 20 years ago this month as arbitra a

now ktvu's steve paulson is here to tell us if any more is on the way. are we done? >> not yet. i will show you why. i stepped outside. it's not florida. but boy, it sure feels like it. hot and humid under mostly sunny skies. most of the thunderstorm activity was about -- from about 4:15 to 6:00 a.m., really lit up in marin county. we'll take you back 12 hours along the half moon bay, el granada, daly city and then also into san francisco and then right over marin county. mill valley, san rafael, just got hammered this morning. just woke people up. it scared them. things have calmed down. there is a little pit of rain to the northeast of napa. that's not doing much. the tropical clouds which are responsible for this, also a little spin in the atmosphere moved off. we get a pretty good break. you can see the line stretching from sacramento to stockton. the temperatures are really warm. humidity is way up there. you have 70s and now that we have so much moisture in the air, it is hot and humid. what i want to show you is coming up from the southwest. see the little spin in the atm

we have team coverage with steve paulson in the weather center tracking the conditions firefighters will be facing today. but we begin with john fowler who is at the fire command post and joins us live. good afternoon, john. >> reporter: good afternoon,er , tori. the fire is burning over the ridge of those hills. a few smolts ago, i spoked to a homeowner who learned his home has burned to the ground. let's take a look at the lives from newschopper2. you will see the fires burning northeast of the napa valley and pope valley. huge plume of smoke. the residents have been evacuated. about 50 people we've learned are sheltering in place with fire engines protectioning them -- protecting them. firefighters say the weather remains a big challenge. it's getting drier as we speak. even as they struggle with hot spots they are very concerned about with the days ahead. >> we're looking at the 4th of july this weekend. we're very nervous. we need to get the message out to the public that there is zero-tolerance for any illegal fireworks in the state. the safe and sane fireworks, you have to be very

tech over the counter stocks five percent using washed trades on an options market you've got hank paulson john paulson excuse me working with the government of greece working with goldman sachs and lloyd blankfein to throw an entire country under the bus that's where we've been through twenty years that's been the progression of derivatives trading is that now they've got the ability not just to move the price of a stock but to move the price of a country in the case of greece other countries are. we interrupt the program because right now president obama is making a statement on the crisis in ukraine he suspected tonight's further sanctions against moscow let's take a listen. senselessly killed when their civilian airliner was shot down over territory controlled by russian backed separatists in ukraine. these grieving families and their nations are our friends and our allies and amid our prayers and our outrage the united states continues to do everything in our power to help bring home their loved ones support the international investigation and make sure justice is done. since the shoo

. >>> we know the kodiak deal was a big deal for investors, but also for john paulson. he owned nearly 10% of kodiak. so we like to do work for you here on "street signs." one thin we did is we found some of the other independence oil and gas companies operating in the bakken shale, are you ready? get your pens out. does anybody use pens anymore? maybe evernote. either way. oasis petroleum. john paulson, the same guy, citadel, a much smaller stake, qep resources, activist jana partners, d.e. shaw, the huge hedge fund, finally wpx energy, citadel owns nearly 3%, which is 2 1/2% omega advisers, and d.itious shaw. this is the standard, but important disclaimer. this data is coming from quarterly s.e.c. filings, they're out six weeks after the end of the quarter. it's all we got. the numbers might have changed since the last reporting. they could go up, they could go down. still, however, this is the last data we've got, take it with a grain of salt, but know they have been in those names and don't forget some of them will be at our conference on wednesday. >>> let's bring

high tech over the counter stock five percent using wash trades on an options market you've got hank paulson john paulson excuse me working with the government of greece working with goldman sachs and lloyd blankfein to throw an entire country under the bus that's where we've been through twenty years that's been the progression of derivatives trading is that now they've got the ability not just to move the price of a stock but the move the price of a country in the case of greece other countries are ukraine what's america doing in ukraine they want the gas us nuts let's throw it out of the bus let's use every frickin derivative trick we can out of the book let's bring in geo political tricks let's bring it all in to watch because we want the cheap gas and of course remember greece is not bankrupt or broke it's struggling to make some payments for current world challenged at the moment they're without sue they're in the curious they're all going to be the only heirs to billionaires soon that but they don't think like americans you know they think like europeans they blame themselves because

mercifully murdered the spanish economy like they killed the greek economy or goldman sachs john paulson. lloyd blankfein papa graham over there greece they got together we know it's on record they colluded they talked about how do we kill greek greek economy how do we steal billions of dollars for john paulson the hedge fund manager and papa stole five billion through that credit default scam putting the money in his mother's accounts what's the one they succeeded the greek economy is dead now going to come around likes dead soldiers and take their watches and take whatever they have. with interest rates this is i'm a cop this is worse than a pedophile scandals pedophilia here in the u.k. which is now bursting out all over the places such as jimmy savile this westminster it's whitehall is teething with pedophiles there job the streets like the zombies looking for little children to abuse and this whole thing is just gushing out over the buckingham palace ten downing street is because there's a village of zombies how do you fight them and don't really know who we're moving on to our own

welcome to ktvu morning news, here is steve paulson with the weather. >>> we have not the push inland we had yesterday but the fog will break off and continue to make a surge over the next couple of

it's also the reason why we're saying this, it's a good day for john paulson. as of march 31st his firm owned nearly 26 million shares of kodiak, a 9.8% stake nearly $4 million. john paulson will be one of the guests at the cnbc delivering alpha conference you will all day wednesday back over to you. >> very interesting. we look forward to that. the soccer fans in argentina now taking second place at the world cup too kindly. rye theers went to the streets after that tear lost 1-0 in germany -- to germany in yesterday's extra-time final. rioters threw bricks, rocks at the police after watching the game on huge screens. 15 officers were injured, about 30 rioters were arrested. i wonder what folks think that accomplishes. >> some terrible weather here at home in the western and central united states. this comes from tucson, arizona. as you can see, heavy rain, there was hail, strong winds measuring up to 65 miles per hour, knocked down power and phone lines. and arizona isn't the only part of the u.s. experiencing rough weather. the midwest is about to get some h

, and we want paulson to have a bigger majority in the house of representatives. we need to send all those republicans that are in the house back, plus add to their numbers. and you can help us do that here in eastern iowa. and we want to give senator dicks the help he needs to gain a republican majority in the state senate. and you can help us do that. [ applause ] in fact, brian schmitts is in that district -- we need this one, get this one, and one more. and, of course, we need to reelect robby smith and the other republicans across the state and pick up two senate seats and we become the majority. we've got great candidates for other state offices. we have another veteran who was a pilot in the air force, and he's been a college professor in sioux city. and came in second in the race for the united states senate. and has agreed to run for state treasurer, sam clovis. will be a great addition to our executive council. we have an iowa farmer who's a great secretary of agriculture, bill northy. we need to reelect bill northy. and you know, we had a great cpa stat

to the police headquarters and why they are doing that, and there is a warm up on the way, steve paulson will have your forecast as well, and amazon users could be getting a refund, why they are saying they illegal charged them for purchases by their children. >>> welcome back, everybody, we continue t follow breaking news in oakland where oakland police headquarters has been evacuated because of a gas leak, katie yodis is on scene and what can you tell us right now? >> reporter: brian i just watched another battalion chief with the oakland fire department arrive, it appears they are setting up a command post here, a shot down the street shows you police headquarters at 7th and broadway, i am told by the lieutenant who first tweeted but the gas leak is that someone smelled it at 10:11 and that is when they evacuated the building, and the street has been shut off so it is creating a traffic jam right now, the entire building has been evacuated, however on line and emergency services are still running to the city is not going without coverage, at this point it looks like pg&e has approved

. >> it is the last day of july and steve paulson will be here to tell us if the unusual weather pattern will carry into august. and the search is on in the south bay for two robbers accused of breaking into a home and holding a boy at gunpoint. >> happening now, prosecutors are continuing the cross- examination of a teacher charged with 150 counts of molestation involving 14 former students. ouroboroses is in the courtroom. he denied being motivated by fear that they would tell something what went wrong. he taught them the difference between affection and abuse. closing arguments are expected next week. >>> san jose police are searching for two robbers who held a 17-year-old boy at gunpoint in his own home. john jonathan wong says he was taking a nap when he heard glass breaking. then someone was putting a towel over his head and wrapped him in duck tape. >> he broke in. put a towel over my head. then he ran around the house until he left. >> surveillance video shows one other intruder. wong's family thinks the robbers chose their house at random. >>> the city of oakland is hours away o

gains for paulson, icahn and another billionaire not having a great week. >>> and the fight for tradef the year, heating up. will today's movers put another trader in first place? more "halftime report" is coming up. my motheit's delicious. toffee in the world. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. se

steve paulson will be here with more. >>> some people are evacuated and part of a freeway shut down all because of a fire at an old propane tank yard. what meafer investigators -- what investigators believe may have sparked the fire. woah, this kitchen is beautiful! give him the tour. let me show you! soft-close drawers, farm sink! where's my room? we had to take just a little bit for the kitchen. because your kitchen dreams can be big. ikea has it all. woah, this kitchen is beautiful! give him the tour. let me show you! soft-close drawers, farm sink! where's my room? we had to take just a little bit for the kitchen. because your kitchen dreams can be big. ikea has it all. >>> welcome back, everybody. friends and relatives are remembering a stockton woman today who was taken hostage by three bank robbers and killed during a high-speed chase and shootout. a funeral service for 41-year- old misty holt-singh is underway right now. shoo was used as a human shield by men who robbed the bank of the west. the other two women were injured but survived. the funeral began at 11:00 at bear creek c

paulson slides one into center field. rockies, take a 2-1 lead. strasburg gave up four runs in five innings of work on nine hits. up to the ninth inning. nats have bases loaded. and desmond goes down swinging to end the game on strike three. nats lose 6-4. ting a day off before starting a series with the cincinnati reds. here is that very bad news. nationals without one of their very best weapon webs that's ryan. batting a .360 since return to lineup in june. back on the disabled list today for a hamstring injury suffered in last night's game. he will be out at least two weeks, possibly longer. >> pretty substantial strain of the hamstring. you never know how they will react. but, so, we will just take it, you know, day by day. going to be a couple weeks at least. see where he's at at the end of that. but he pulled it good. >> let's hope zimmerman gets back sooner rather than later. he is a great part of that lineup. >> you never know about the injuries on the team. >> when everyone is uncle craig, what's the deal? oh...you can't record that many

pauls paulson's had a hell of a week and a half. >> oh, yeah, absolutely. >> he was in stocks in twot week. >> kodiak and whiting. this is from about two, three weeks ago. he's also obviously was in this deal today. i mean, i think he's in $100 million territory here and then add v. scheyer among others. he's had a really good summer. wheth we're seeing a lot of interesting m&a. >>> here's good news. gasoline prices are dropping. jackie deangelis has more. >> gasoline down for another day. in fact, it's the 18th day it's down in the last 24 trading sessions. jeff killburg, want to get your take on this because there are a lot of geopolitical hotspots. of course we're watching iraq, israel and now libya flaring up again. on a day like today, you'd expect we may be a little higher. what explains this drop? >> jackie, you're right. it's odd to see crude oil stubbornly above $100, but gasoline futures continue to plummet. we're seeing about a 16.5% drop. we're about 12 cents lower from a year ago right now. but this is all due to the abundance of gasoline. the high inventories. you're se

. >>> and a taupe summer weather pattern has returned, but ktvu's steve paulson will be here to tell you when there could be changes on the way. >>> a man who was accused of murder now has been ordered to be released. what his mother told a judge herren son was doing at the time of the murder -- her son was doing at the time of the murder. >>> new at noon, the ten year lease agreement to keep oakland's major league baseball team in the city could soon be one step closer to becoming final. sal castaneda joins us live with the latest on the vote by the alameda county supervisor. sal. >>> they're voting right now in this ten year license agreement is expected to be approved and one of the things that we have been told is that the ten year agreement between the a's and the coliseum will pass today. they're voting on it now. the vote is scheduled early in the meeting. in fact they're voting on it now, as i said. and one of the things that we have known is that supervisor nate miley says it's a done deal and he thinks this is a great thing for the city of oakland. >> not only my constituen

. >> john paulson, the arthur of a couple of the greatest trades of all time. >> from an individual perspective, the best single investment you can make is to buy a primary residence that you're the owner occupier of. today financing costs are extraordinary low, so you can get a 30-year mortgage, somewhere around 4.5% and if you put down, let's say, 10% and the house is up 5%, which is the latest data, then you would be up 50% on your investment. >> and more. >> cash is half a percent, bonds 2.5 heading to a loss of total return. high yield is not high yield anymore. slightly rch against history, 16 times earnings, average 15 times earnings, by 25% of the s&p yields more than bonds. that's a highly unusual condition. i think the market is fairly valued, i don't think it's over valued in the condition that normally leads to a peak. >> what a board should do is not tell the ceo what to do. they should leave him alone, really leave him alone but what they should say if you're not producing and they could have a lot of ways to gauge that, which we do, a lot of parameters and if you're not coming up

steve paul soge will be -- paulson will be here with your forecast. >>> and officials warn about hurricane arthur which is gaining strength as it bears down on the east coast. we love this kitchen! what's next? great! do you have measurements? yeah, i paced it off. it's about twenty by twelve of these. so, we can measure, plan and install it for you. yea, let's do that! ikea. professional kitchen services at a low price. woah, this kitchen is beautiful! give him the tour. let me show you! soft-close drawers, farm sink! where's my room? we had to take just a little bit for the kitchen. because your kitchen dreams can be big. ikea has it all. >>> this is a like look amount the conditions -- a live look at the conditions along the east shore in berkeley. very sluggish in both directions as many people head up to tahoe or other places out of town. again, as you can see in that picture, the rush is on to get out of town for the long 4th of july weekend. it's well underway. millions expected to hit the road or hop on a flight. alex savidge is joining us live from berkeley with a look at all of t

ktvu's steve paulson will be here to tell you what we can expect today and tomorrow as we look ahead to the 4th of july holiday. >>> and world cup fever is gearing up as team usa looks to advance to the quarterfinals. we'll go live where fans are already staking out their viewing spots in front of the big screen. 0!ockÑ?çóxo?Ñ=çñÑñçvxqx?ñññ?óioy >>> a lot of excitement. in 45 minute, the u.s. men's soccer team takes on belgium in the world cup. the day's first match just wrapped up with argentina squeaking by switzerland 1-0 in extra time. fans are getting in position in san francisco's civic center plaza to watch the big game on the screen. that's where we find ktvu's claudine wong. it looks like it's already bebe hind you -- behind you. >> reporter: yes, and the crowd is growing. a lot of red, white and blue. everyone very excited. people are getting ready and excited. i i want to bring in these individuals. we talk about this whole event. let's start with you. this is a parks and rec kind of event here. what are you hoping out of today? crowds are beginning to grow. you are expect

ands him, john paulson, buying hotels and trying to excite tourism.uerto rico is 60% tourism while its neighboring countries have 20%, 30%. >> meanwhile, the government is being sued by franklin templeton and oppenheimer challenging the new law. could it end up in the supreme court? >> it could. , you're looking at an ugly fight ahead. don't think these creditors are of the mind to voluntarily subject themselves to a cram down akin to this chapter two, chapter three of the new recovering act. >> a lovely fight on a beautiful island. i want to thank you this morning. >> i would say an ugly fight. >> did i say beautiful? i meant to say ugly. it is a beautiful island, though. >> coming up, the business where no matter how hard work is, you only have a blast. corny to my right there. i'm glad eric said that and not me. ♪ >> coming up, a company never wants to see the following words in a lawsuit "strip club was quote and "binge drinking." we will see how goldman sachs is handling it. for the topg game one percent. meet the woman trying to set them up. ♪ >

welcome to ktvu morning news, here is steve paulson with the weather. >>> we have not the push inland we had yesterday but the fog will break off and continue to make a surge over the next couple of hours and maybe mid- to-upper, calistoga -- calistoga, polk valley, part of a westerly breeze and there is not much change in that breeze pattern and the fog is not going to be swept away. there are plenty of low clouds, cool to warm to hot well enough inland and for others, it is 60s and 70s, here is sal. >>> we are looking at a commute where traffic is moving along well on this thursday morning as you drive passed the carquinez bridge and that whole trip will take you about a few minutes, this this is a baseball game and 5:25 start and it should put more into the city for the afternoon commute and i do want to show you 280 is close between 101 and kings street and the ultimate route is highway 101 and happening today, a normally busy stretch as we have been mentioning for the entire long hallway weekend, alex will tell us about the details because of this weekend closure and the giants d

i thought i saw steve paulson. >> i did. he let me know. mostly cloudy, breezy for some, high clouds again i think we know the drill by now, some of those high clouds are favoring the sierra nevada and for us it is mostly the low cloud deck and it will be making ago push to the upper 70s and 80s inland. 50s and 60s on your temperatures and most of them are stuck. any time travis gets up high it will not be that warm inland and the delta breeze is in force and also concord and more of a southeast mountain view san jose south, gusting at 22 and a half moon bay no doubt about it and you can see the tropical clouds and keeping an eye on that, it has been active the last couple of days and it has been early in the season but it is here. it will be sunny to mostly sunny away. 60s and 70s, coast and bay. >>> and steve, we are looking at a commute which is actually doing well if we are driving on 880 westbound. 17 minute drive time, bay bridge toll plaza, it still looks good if you are driving through, it is 8 minutes or less getting into the toll

. >>> and i haded anice tweet from my friend, he said paulson, i hate this weather it is miserable, i hate it. >> a couple of comments saying, my dogs don't like it either and we have a few tropical clouds and they are favoring areas to the sacramento valley and some higher clouds and cool to mild to warm, mostly sunny and muggy, warm conditions as well. they are talking about really nice weather on the golf coast with left humidity and here we are with higher humidity. and she said it feels like it is going to rain and it's more of a development up there is a far as the activities where have painted the area. 65 in livermore and there is a big dims in some of these temperatures. 61 gilroy and some of the higher elevations aloft, can't do anything about that. westerly component for some, northwest for others and northwest is not much. 65 chicago and 65 minneapolis, it is amazingly cool and these are all running average here and 54 bismarck is cool and i mean it is what, 850 there. and for this time of year it is just really cool and they love it. some of the thunderstorm activity, it

. >> well, i just got a couple of tweets, and now it is 649, our meteorologist steve paulson with our >>> we have 63 balmy degrees and we have a couple of reports of mild conditions on the coast and a lot of the drizzle. forestville, we have one at capitoa and mr. clouds and they are here. it will be mean mall so they have it for corners high and they will fire up thunderstorms in the sacramento valley and up in the sierra again. it is really mild and officially 59 in san francisco and 67 even though there is a lot of the low clouds around and some higher clouds in the east bay and a lot of fog on the coast and even the water temperatures have come up, fog has no problem forming this morning. 61 in the creek, novato is 59 and low 60s because of that south wind and and southeast around and it is more of a south breeze and definitely out to the delta travis and thunderstorms again looks like they will be in the forecast and i think they will clear our area and we will deal with low clouds after everything is said and done. it will be cooler about the same as yesterday and we will start

john paulson you know selling credit default swaps on the table all the money ending up in his mother's account in switzerland he. has told me many times that this is exactly the case in greece really because you tell me that he i told him that point blank and he said no that's not the camel overstating the case so he tells you a different star yes human just stickles have both said that while the with goldman sachs situation that that was certainly the case the others i don't know about the goldman sachs. they're not going to have to get him back i just had him on the wisconsinites a month ago all right well again we got to go out of time but the book is the contradictions of austerity edited by jeffrey summers and charles wolfensohn what's huge contributions from the immortal michael hudson thanks for being on the kaiser report thanks for having me here right here and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest jeffrey summers i like to get in touch with us tweet us a cause report until next time by oh. t

were manipulated by hedge funds who were trading on inside information they were bailed out by hank paulson who was also trading in and trying to from a shit hole in the american economy hostage for that huge seven hundred fifty billion dollars bailout fund which became twenty trillion dollars so the fraud is replete throughout every aspect of the economy the rating agencies the government the wall street banks the hedge funds and the media of course in this case the n.b.c. who tied the whole thing up in a ribbon and handed it over to the american public and a big turd sandwich so what was the result of this wall street moved on to auto loans and i have his exact same thing all over again fraudulent loans made based on liar loans they'll take all those car loans and package them off to institutions and pension funds were to blow up and cause people to be impoverished it will be rated by rating agencies in a way that's completely fraudulent when i have in fact you're predicting in the next few quotes i was talking exactly about that so these loans have increased by one hundred thirty. cent s

policies game starts off with a trillion euros it's going to go to fifteen to twenty trillion when hank paulson said he needed seven hundred fifty billion dollars a barrel of goldman sachs in two thousand and eight i said that number is going to go surpassed fifteen trillion topped out of twenty trillion dollars and bailouts and subsidies and related contingencies same thing about drag us to less central banks or go down the path of blowing itself in the head with money printing stock market's going to go higher but most people don't own stock so they're just going to have the effect of paying more for food and energy for the essentials and when they go to the store they say hey we're worth the food they say well the bees when it stinks. why do bees go extinct because we made money so cheap that it caused an mal investment in energy production which caused fertilizer prices to drop to levels where we dump trillions of tonnes of it grew so much food that half of the one of the garbage over the past five years now there's no food available at any price except we're going to pay you know a payday