>> randall smith has long been an investment future in new york.was known as the pioneer of capitalism. that means going into these distressed companies. he is invested in great debt, invested in feeling copies all over the world. a lot of them have scandals, allegations of fraud and corruption. any company in trouble is kind of fair game for them. but the thing that changed with randall smith was that normally, even when a regular hedge fund would come in and they see a company in trouble, they might want to find ways to buy low, build, the backup, then get their value back because the company is going to survive and arive will stop vultures have different foss a few. their idea is to let a company flounder are pretty much destroy whatever is left, take out what they can, then move onto the next. juan: elizabeth, what does this mean to the newsroom? we reported earlier about what happened with the denver post previously. i should say that i had met the dean singleton. he did not have a great reputation as someone who is building newsrooms, but at

office, and thank you to the power staff, the core staff that worked on these supply contracts: randall smith, erin mulberg, and mike himes. mike. thank you. >> thank you, barbara. >> thank you, barbara, and good afternoon, commissioners. mike himes, director of cleanpowersf. it is a great pleasure to be here with you this afternoon to share some of the work we've been doing over the past few months to build a power portfolio to complete enrollment in cleanpowersf citywide. i've got just a few slides -- four slides, exactly, that i will run through quickly with you. this first one is a chart that shows how or portfolio looked before we started our recent contracting effort a few months ago. of course this really kicked off with rfp's that we issued in the summer and fall of 2017, but we began signing contracts after obtaining authority from the board and from this body in the early -- or the winter of 17-18. so this chart shows cleanpowersf's annual projected demand and contracted supply over the next 12 years. the back line on this chart represents our projected annual energy demand given ou

randall james, richard earnstein, ceo, advises us as well as a cnbc contributor. if you try to find him in the phone book, you never will because there will be about 80,000 >> like jim smithn the ten-year. do you have an upside? what do you think? near term? >> 3% is psychological right? 306 was technical. from there, the next real resistance is 312, 318, 325. 'we're really in some open water with a ten-year-old bias to move higher i don't see a lot of things keeping it dipping back before 3% in the near term unless there is some geopolitical risk. it is on a definite trend. although it won't be linear. we will find buyers along the way. >> we shouldn't be surprised tocake wake up and see 3 and a quarter the housing wasn't great the other day. that was weather related i can't imagine this is 3 and a quarter. you can ask me, the highest. i think there were 15 or 16% mortgage rates what is it now >> we had 21% fed bonds when i got in the business. nobody wanted to buy 15% ten years. they wanted to buy 13% three years. >> they wanted triple tax free triple a, unbelievable does that worry you? does that scare you? >> oh, not at all. no, i mean, look, this is we're in a late c