commissioner paulson you're right, we outperformed our objectives. in this specific circumstance, because of the kind of work that it is, last minute and vague. it becomes harder to meet those goals. the process question that i have is, that being the case, why are we accepting bids without higher level of promise? we ask people to bid that. that's something we evaluate when we evaluate their bids. we expect them to perform against what they promised and this is a case where structurally, it may not be possible. seem like there's something there that might need adjustment. i like to respond to an address. it doesn't need to be done right this minute. >> president maxwell: may be at the end of the meeting or the next meeting -- >> or by the next meeting or in writing. it's a clear outlier that it needs to be looked at and addressed. >> i move the consent calendar. >> i'll second that. >> president maxwell: roll call please. [roll call vote] you have four ayes. >> president maxwell: approved. next item please. >> next order of business is item 12. appr

commissioner paulson, do you have questions? thank you. may i have a motion and a second on this item please? >> i'll move the item. >> second. >> president maxwell: roll call please. [roll call vote] you have four ayes. >> president maxwell: next item. >> clerk: next item is item 14, authorize the general manager to execute a memorandum of understanding with the treasure island development authority setting forth the term and conditions under which the san francisco p.u.c. will continue to provide utility services on treasure island and yerba buena island with the term of two years expiring june 30, 2020. >> michael carlin again. we're contractors supplying services to the treasure island development authority. until such time that the infrastructure is completed on the island, when the city would accept those, then they will be our assets. for the time being now, we are just an operator to tie up. i'll be glad to answer any questions. >> commissioner harrington: is there a reason we can get it year by year opposed to rolling this through

process back in 2008 when the financial crisis was happening right during that election and hank paulson presented congress with $700000000000.00 a week of requests and he said and it was like one page and he said well we didn't want to ask for a trillion because it sounded like too much now it's like 3 trillion last year while the 1st half the year and then a true almost a trillion in december and now another 1.9 trillion you're like well this is really starting to add up right well. here's a stream of tweets from jason furman he was a member of the council of economic advisors to president obama and some very left wing progressive sort of economists and here are some of his thoughts on this he's excited about the $1.00 trillion dollars plan but he says it is very large together with the december legislation it would be around $2.00 trillion dollars which is that about $300000000000.00 per month for the 9 months that it is in effect for context in november u.s. g.d.p. was about $80000000000.00 below pre-crisis trend and compensation was about $20000000000.00 below pre-crisis trend so to

commissioner paulson, do you have questions? thank you.nd on this item please? >> i'll move the item. >> second. >> president maxwell: roll call please. [roll call vote] you have four ayes. >> president maxwell: next item. >> clerk: next item is item 14, authorize the general manager to execute a memorandum of understanding with the treasure island development authority setting forth the term and conditions under which the san francisco p.u.c. will continue to provide utility services on treasure island and yerba buena island with the term of two years expiring june 30, 2020. >> michael carlin again. we're contractors supplying services to the treasure island development authority. until such time that the infrastructure is completed on the island, when the city would accept those, then they will be our assets. for the time being now, we are just an operator to tie up. i'll be glad to answer any questions. >> commissioner harrington: is there a reason we can get it year by year opposed to rolling this through all the time? [indiscernible]

and rob paulson.rd received his phd in theoretical physics at the university of california berkeley. it was in alexander fellow. at the max institute . and was on the faculty of california institute of technology. his previous books include the bestsellers the granite design and refer history of time and both with stephen hawking . and some global which was a winter of literary science writing award. in one of the worldviews. as well as elastic, eclipse window and the upright - and then joining us this evening for conversation about his new books, ten for a memoir of friendship and physics in one of the most influential physicists of our time he touched the lives of millions. nearly two decades of talking collaborator, now brings this complex man into focus in a unique and deeply personal portrayal. if it's in a room as hawking indulges his passion and shares his feelings upon love death and disability and grapples with the deep questions of philosophy and physics. it deeply affecting account of frien

that we need it against all the stimulus hitting aggregate demand in the world. >> all right jim paulson. thank you. >> thanks. >>> and coming up, it is tilman tuesday. billionaire entrepreneur going to talk about his latest deal with the restaurant industry and the tu ofuref the houston rockets. that's up next on "power lunch." e obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. >>> welcome back to "power lunch. houston rockets owner and landry's chairman tilman his blank check firm and financial group striking $2.64 billion deal to merge with hardware supplier hillman group. involved in two others including one for his golden nugget online gaming and small cap joining us now to discuss this and a lot more tilman good afterno

exactly like in the 1960s, i think that you will see paulson reach for lever they are most comfortable for reaching for when there is angst, and that is fiscal profits, and that is going to be doused by the profit, and the fed can't respond to that, because they will be not only pulled by the string, but pulled by the string of treasury issuance and we should expect higher inflation, and that is what paulson is guiding us towards and invest accordingly. >> and sit tight, because speaking of this, we will go to rick and then back to the conversation, because we have the news from the bond market up for auction and, rick santelli, how did it go? >> this is a poster child for what a hot, hot, hot auction is. a-plus on the 30-year bond, and the ultimate yield at the dutch auction is 1.285, and the one issued low was 1.83. so this is a great pricing auction and if you are going through all of the numbers, 2.47 bid to cover blows away the average, and 2.86 indirects is the best since july and the directs is 7.2 which is well, well berow the 13%, and if you add the directs and indirects and w

only giants of motor sport to focus on formula all the big german brands from the sadie's through paulson to b.m.w. have signed up to electric racing. it makes corporate sense to never before have there been so many synergies between racing cars and the cars on the st louis revolution is going into overdrive and taking motor sport with it. formula is a field of innovation for electra mobility because you can try things out take them to the limit and then integrate them into series production. it. can make his racing teams and drivers are intent on making electric car racing a magnet for crowds across the globe. formally as a deeper meaning of it and it was created in a different way. there is much more of a feel of a family friendly although it's very competitive now but i think people are thriving for the same objective. the brazilian racing driver lucas degrassi is also a united nations clean air advocate he travels around the world encouraging people to take action against the massive environmental damage to our planet. when you go there you see the reality and see that there is litera

only giants of measure sport to focus on formula eat all the big german brands from mercedes through paulson to b.m.w. have signed up to electric racing. it makes corporate sense to never before have there been so many synergies between racing cars and the cars on the st louis revolution is going into overdrive and taking motor sport with it. the folly formula is a field of innovation for electra mobility because you can try things out take them to the limit and then integrate them into series production. car makers. his racing teams and drivers are intent on making electric car racing a magnet for crowds across the globe. for my e has a deeper meaning of it and it was created in a different way. there is much more of a feel of a family although it's very competitive now but i think people are driving for the same objective. the brazilian racing driver lucas degrassi is also a united nations clean air advocate he travels around the world encouraging people to take action against the massive environmental damage to our planet. when you go there you see the reality and see that there is litera

it's not by accident that paulson udell has been pushing privatizations and embracing powerful multinational corporations and the united states the u.s. helped lift into power and that relationship is key. unless the way things look at it from moscow so far this one day with me kevin 0 in from me and the rest that same here docs international thank you for watching and have a great. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sport i'm showbusiness i'll see that. the world is driven by a dream shaped by one person with those great. dares thinks. we dare to ask. because i was going on the phone line a smoke i don't like coming suddenly made in the muslim on muslim couple on going to know them better than once i've got some stuff to get a. lot of off but i did just that they had a feeling. she was even a. gentleman but from the sun on my book you go to the british courts that's enough of them. i mean the guy. that doesn't want any of the. victims. in 2040 you know bloody revolution to to clear the demonstrations going from being relati

what the people want a vaccine for everyone people want emergency support people want paulson are out brazil's president datable scenario has always downplayed the virus he's once more down to the efficiency of the vaccines that infections are also growing in big cities like some paolo and rio de janeiro some bubbles governor is imposing new restrictions to stop them from spreading monica. rio de janeiro. heading to the polls in portugal for the presidential elections as the country deals with its highest cope with 19 infection rates to date 2000 extra polling stations opened in an effort to prevent crowding the country has the world's highest 7 day average of cases and capital the government has refused calls to delay the vote for the constitution to be changed or the folks are not bothered i don't agree with the election because you can only leave home to go to work then you cannot go out to the polling stations. i think that there will not be as many people voting in the elections scheduled for sunday and it seems like it's going to be the highest abstentions since the 1974 carnati

one people want emergency support people one paulson are out brazil's president thabo scenario has always downplayed the virus he's once more down the efficiency of the vaccines that infections are also growing in big cities like some paolo and rio de janeiro some bubbles governor is imposing new restrictions to stop them from spreading my nickel yanai i'll just be around rio de janeiro the italian government says it's considering legal action against vaccine making astra zeneca after it announced plans to cut its supply to the european union the company has reduced its offering by 60 percent for the 1st quarter of the year blaming production problems it's a major setback for the box vaccination program faces that it would delay a shipments of vaccine to one month ukraine is struggling to import doses of corona vaccine as well all 40 say vaccinations could start by mid february although no fixed delivery date has been announced all of the countries neighbors have started vaccination campaigns or about to but care has yet to receive a single dose. in other news the u.s. and the u.k. have c

we have reporter george paulson gun now caught up with catching up with medical experts to try to explain how this happened. >>in a facebook post the placer county sheriff's office announced its corner division and public health recently were notified of the death of a person who tested positive for covid-19 in late december in the post they say that individual was administered a covid-19 vaccine several hours before the death on thursday officials say the dose was not administered by placer county public health and they don't know what caused the death at this time, it's an incident that is leaving many people with more questions than answers, including doctor dean blumberg an infectious disease expert at u c davis children's many people are going to make the connection with the vaccine because of the timing doctor blumberg was unaware of the placer county case but he says don't be too quick to blame the vaccine. >>you know my my first inclination is it's probably not likely related to the vaccine. we know severe allergic reactions that occur following immunization the vast majority of t

>>well those guards paulson go reporting for us this morning doctor bloomberg says that there are manyions of course that still need to be answered. regarding this incident and there are multiple local state and federal agencies who are investigating the case they've okay not at all like yesterday, we'll see a lot of cloud cover already building as we speak with some showers into the afternoon and the wind that will stay look at your forecast for your sunday into next week as well. ♪ ♪ don't just do it yourself. oh! do it for yourself. >>good morning, everybody welcome back 7.14 this sunday morning some are talking about the fact it's so dark so early in the morning, it is like it's the middle of the 19 i'm usually i'm not used to coming in usually around 8 o'clock words actually finally light outside but 06:00am darkness a bit of a shock to me makes this morning, i woke up woke up yesterday like i normally do and i who down just having a great old this is way too when the owls are still making noise. you know, it's a little bit too early to make days far over there in the weather cent

that's right what the people want a vaccine for everyone people want too much and support people one paulson are out brazil's president hateable scenario has always downplayed the virus he's once more downbeat the efficiency of the vaccines that infections are also growing in big cities like some ball and rio de janeiro some bubbles governor is imposing new restrictions to stop them from spreading monica and i give. rio de janeiro. $1600000000.00 children and teenagers had their education severely disrupted last year because of the current of our spend and the destruction is far from over this month 258000000 unable to attend school due to closures children in more developed parts of the world have been able to continue classes remotely but many without access to computers or the internet have been unable to learn so you're going to get reports. a school unlike any other they've known started classes mandatory hand sanitizer and of course one vital piece of uniform the face mask but when the number of infections in any given area becomes overwhelming they too are forced to close students the

only giants of moses want to focus on formula eat all the big german brands from the sadie's through paulson to b.m.w. have signed up to electric racing. it makes corporate sense to never before have there been so many synergies between racing cars and the cars on the street the revolution is going into overdrive and taking motor sport with it. the folly formula is a field of innovation for electro mobility because you can try things out take them to the limit and then integrate them into series production. of the. car maker. his racing teams and drivers are intent on making electric car racing a magnet for crowds across the globe. formally has a deeper meaning of it and it was created in a different way. there is much more of a feel of a family although it's very competitive now but i think people are thriving for the same objective. the brazilian racing driver lucas degrassi is also a united nations clean air advocate he travels around the world encouraging people to take action against the massive environmental damage to our planet. when you go there you see the reality and see that there

one of the attractions of hank paulson to be treasury secretary in the bush administration. that he had spent so much time in china, as the head of goldman sachs, had been trying to negotiate with china. i do not see people in the biden demonstration advertising -- in the biden administration advertising their long experience with china or engagement with a and an understanding of china. i think the american people had soured on it at that point. i think there was a conclusion, which has been backed up by some significant policy research, that the engagement with china cost the united states a lot more and you factoring jobs, in the hundreds of thousands -- a lot more manufacturing jobs, in the hundreds of thousands, than anyone anticipated, when we began the neutral trade, normal trade relations with china in 2000-2001, sponsored by both the outgoing president clinton and the incoming president bush. i think on the republican side particularly china is now seen as an enemy, economically, and one that has hurt us, and one that is a menace in international terms. whether or n

vonnie: how will janet yellen be different from steven mnuchin or hank paulson?> she is fundamentally different and you saw that in terms of the reaction to her appointment. i cannot think of any other treasury secretary got immediate support from economists, from many politician on both sides of the aisle and from markets. that is because she is a well-known person with a very strong background. the other way she is different is that she brings a very deep understanding of the federal reserve to the u.s. treasury at a time when most people agree that the coordination of fiscal and monetary policy is going to be key. there is general agreement the time has come for a handoff. for monetary policy that has been carrying too much of the burden to fiscal policy. it's important to have someone who understands the important of -- importance of this delicate handoff. i think you will see that she will be able to manage this very uncertain time well because she comes with a significant foundation of knowledge and experience. that is particularly relevant to the challenge

last-minute boost from big name financial donors, our colleagues at cnbc found names that include john paulsonnd ronald who each of whom donate $2800 and edward $5600. the full story is son our website cnbc.com these are already the most expensive races in history and early-voting turn out is shattering records. >> thank you, potentially a lot at stake could mean the difference between gridlock which markets in general view as a good thing and i blue wave. for a long time you didn't think the markets were pricing in the possibility of a blue wave and what it could mean in terms of policy. >> yeah, i think the most likely outcome would be a split one of each. so, that sort of leaves you in gridlock unless you have a moderate senator move over even if democratics win both seats the knee jerk reaction would be down because of taxes going up but furtherer interpretation would show okay, chance of infrastructure bill would be higher. that will be good for something like a united rent ats -- rentals. i also don't know if we'll know tomorrow night it could drag on longer. >> it could take days. let's

paulson guy has more on that. >>it's not the fight one wants to see a plywood covered some portions of downtown sacramento. moore went up as crews finished up near l and 10th. it's all in response to what could happen over the next week but not all businesses are taking the same course andrew harrison works near the capital says he isn't worried the crowds will damage any businesses there's a lot of people they might physically still are but i don't see why they would come. >>to the business side. i think other focuses on that building the owner of good bottle isn't taking any chances most shocking the surprising. >>saying that's ever happened. i think in my lifetime. owner christopher sinclair says he will close up its business and boarded up and reopen it the day after inauguration we did we couldn't imagine having our customers and our community. >>we risked their just to come by a final of these thing clear says he is saddened by what took place last week at the u.s. capitol. >>and the unrest has taken place a

we are going to have black rock, larry fink, hank paulson, expect them to really deal with the consequences of ultra low rate policies and a question of whether this gamestop issue is it eoc and craddick or emblematic of a broader problem. 2:00 p.m., the fed reserve delivers the rate decision from jay powell with more color around that. expecting it to be a snooze fast -- festival except for one thing, what does he have to say about the froth that we are seeing in the markets? jonathan: lovely promo of the tom keene special. [laughter] jonathan: just killed it. [laughter] lisa: come on. after, fourth-quarter earnings from apple, facebook, and tesla. to your point about the microsoft earnings yesterday, it was important to show the stay-at-home stock, big tech behemoth in the privacy of the markets and the economy with respect to the hardware on the apple side as well as the software. jonathan: getting to the price action this morning, it's the promo for the tom keene special, caroline hyde. can't wait, can't wait. 29 on the s&p 500, nasdaq futures checking in their. tom, we were nicely outp

you may remember hank paulson saying in the last global financial crisis, give me a bazooka so i don't have to use it. it did not work that time. but it really did work this time. one way to think about it is the elimination of bad tail risk. these facilities take much more time than you would imagine to set up. legal structures, and it is a line that goes in. we had a lot of people at the fed and treasury who had worked on these facilities in the last crisis. great people who don't get a lot of public recognition. when the bad situation is there, they are serving the country very well. we had announced the corporate facility with immunity facility and the market started working right away. the fact that there was no take-up for the corporate, nothing but a sign of success, the amount of borrowing and level of interest rates in the muni markets are extraordinary. rates are low. this is true across the credit spectrum. you point out main street. it is much more difficult to reach nonfinancial businesses, small, nonfinancial businesses that do not have bond market access. it is very diff

you may remember hank paulson saying the last global financial crisis, give me a bazooka so i won't have to use it. it didn't actually work that time and maybe the bazooka wasn't big enough, but it did work this time. effectively, one way to look at it is the elimination of bad risk. as soon as we announced the facility, these facilities take much more time than you would imagine to set up. your legal structures and there's a lot of work that goes in. we are so lucky that we had a lot of the people at the fed and some at the treasury who had worked on these facilities in the last crisis. great people who don't get a lot of public recognition. when the bad situation is there, they are on deck. they are serving this country really well, so a lot of gratitude for them. what happened was we would announce the corporate facility or the muni facility and the market would start working right away. ironically, the fact that there was low take-up or note take-up with nothing but a sign of success. the amount of borrowing and the level of interest rates taking place in the muni markets is extraord

i know that kim paulson just jumped on the call as well. work withing the building and trades council. i know that you want to recognize a very special member of the rec and park family. i'm going to let you take it away. >> thanks ph il. the next talk is really something special. commissioner harrison, friend of the city parks is instrumental in your leadership and your position here at rec and parks. we have him to blame-i mean, thank. it's a real model to have not just a labor management partnership but a space where we can get together and recogniz recognize-it lets us get out i'd and recharge our spirit and recharge our soul. you are our unsung heros. we listen to your colleagues and commission honor you. i'm impressed with the humility which you are all approaching this. this is fun and i'm grateful to be here. let's talk about commissioner harrison. after studies he went into rec and park right in at the dprownd level. he was a shop steward. he was a gardener from 72 to 84. he had a passion for public service from day one. you combin

>>that was guards paulson go reporting for us tonight again doctor blumberg says there are many questions that still need to be answered with this incident, there are multiple agencies that are actively. >>investigating this case ucsf chair medicine that is doctor bob wachter says that folks who die soon after receiving the vaccination is simply a coincidence in a tweet today he emphasized that sometimes that it does happen. walker says it is more important to focus on the thousands of folks who are dying every single day who would have been saved by those vaccines. in a separate tweet doctor wachter says even if you are fully vaccinated it is important to stay vigilant. latest research shows that getting fully vaccinated does not mean that you're 100% protected. >>the cdc has released new numbers on the allergic reactions to the moderna and pfizer vaccine. the cdc says during a 20 day period. 10 people reported having a severe life threatening allergic reaction after getting the moderna vaccine. just for perspective that was 10 cases out of 4 million doses. the cdc says during a seven-da

>>that was guards paulson go reporting for us tonight again doctor bloomberg says there are many questions that still need to be answered with this incident. there are multiple agencies actively investigating this case uses self's share a medicine that is doctor bob wachter says that folks who die soon after receiving the vaccination. >>is a coincidence in a tweet today, he emphasized that sometimes that it does happen. doctor wachter says it is important to focus on the thousands of people dying each and every day who would have been saved by those vaccines. in a separate we doctor wachter says even if you are fully vaccinated it is important to stay vigilant. latest research shows that getting fully vaccinated does not mean a 100% protection. >>the cdc has released new numbers on the allergic reactions to the moderna and pfizer vaccine. the cdc says during a 20 day period. 10 people reported having a severe life threatening allergic reaction after getting that vaccine. for perspective that was 10 cases out of 40 excuse me 4 million doses that administered at the time. this isis says duri

every state capital in america doing the same including down the road in sacramento and has rushed paulson gov reports for us right now state leaders have already said. >>if anyone commits a crime they intend to prosecute them fully. >>it's not the fight one wants to see a plywood covered some portions of downtown sacramento. moore went up as crews finished up near l and 10th. it's all in a response to what could happen over the next week but not all businesses are taking the same course andrew harrison works near the capital says he isn't worried the crowds will damage any businesses there's a lot of people they might physically still are but i don't see why they would come. >>to the business side. i think other focuses on that building the owner of good bottle isn't taking any chances most shocking the surprising. >>saying that's ever happened. i think in my lifetime. owner christopher sinclair says he will close up its business and boarded up and reopen it the day after inauguration he couldn't imagine having our customers and our community. >>we risked their just to come by a final of

, whether it was john paulson, or whether it is julian robertson, made the point through the years, many of these hedge funds get so large, very large, this guy is a great stock picker, gabe plotkin, great on the short side, but you have to look at the risk mitigation that they were deploying or keeping an eye on and that is a case for the hedge fund industry as it moves forward, as it has to be prepared for this possibility. and by the way, this day is just beginning. gamestop is up almost 100% right now. we will see where it starts and i would point out, we have to keep a close eye on robinhood and whether that firm will feel comfortable continuing to allow people to buy in these name, if it starts to see some of the same things that move them to shut it down yesterday morning >> not to be overlooked, with the volatility, we have seen, just in gamestop trading in general, i mean how many halts were put on this name yesterday as well? so even if you were -- >> at least five >> so even if you, even if you did have access, or you were finding a way to buy into that name, i mean how many o

>>garage paulson reporting tonight. authorities say they have not released the details on how the 2 women died. and authorities have identified that man as 29 year-old raymond weber. >>much more ahead here tonight on kron 4 news at 10 the escalating death threats that have been made against governor gavin newsome and his family when law enforcement is doing about it. >>more than 30 years since a dublin teen went missing on her way home from school tonight. we'll show you how the community is remembering her virtually. >>and there's new messaging from health experts night on whether or not covid-19 vaccines are safe for pregnant it's time for sleep numbers january sale on the new sleep number 360 smart bed. what if i sleep hot?... or cold? no problem, with temperature balancing you can sleep better together. can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. will it help me keep up with mom? you got this. so you can really pr

with that i want to bring in chief strategist jim paulson. right after the bad, i want to say you're folks that got us through the markets last year. through all the turmoil you've been a calm, collective voice. i think people always do well when they hear from you. so welcome to 2021. a lot of turmoil, a lot of confusion and a lot of angst. get us through this one if you can. >> well i think, as you said you know, the market action has been broadening out, charles. i think that is important because i think at the end of the day it reflects one major thing, that is the economy which you're making reference to here. the market is doing well despite all the turmoil politically and other things around it. the health crisis still going on because we, we're coming off of 33% real gdp growth quarter in the third. strongest ever in our history. fourth quarter we finished up, gdp estimate from the atlanta fed will come in 9%. we just passed a 900 billion-dollar stimulus package which will balloon disposable personal income in the first quarter, proba

only giants of motor sport to focus on formula eat all the big german brands from mercedes through paulson to b.m.w. have signed up to electric racing. it makes corporate sense to never before have there been so many synergies between racing cars and the cars on the st louis revolution is going into overdrive and taking motor sport with. you formally formula is our field of innovation for electra mobility because you can try things out take them to the limit and then integrate them into series production. can make a. racing teams and drivers are intent on making electric car racing a magnet for crowds across the globe. formally has a deeper meaning of it and it was created in a different way. there is much more of a feel of a family although it's very competitive now but i think people are thriving for the same objective. the brazilian racing driver lucas degrassi is also a united nations clean air advocate he travels around the world encouraging people to take action against the massive environmental damage to our planet. when you go there you see the reality and see that the problem is s