financial and operating information to auditors in a timely manner, especially the financial reporting and ledger team in finance and the entire clean power s.f. team. we also thank kpmg for the courtesy of their audit team and timely completion. add this time, i'd like to introduce lisa avis, managing director of kpmg who will deliver the presentation of the audit results. >> welcome. >> good afternoon, everyone. again, lisa avis with kpmg. so you have our presentation here in front of you. so, when we're here, that means another audit is done and in the books. we received full cooperation from p.u.c. management and staff and because of that full cooperation, we were able to issue within the set time line. and as stated, we usual ewe add clean opinion on the financial statements which means that they are fairly present as of june 17, 2017. i'll go throughout the highlights of presentation. on slide two here, as ms. homs stated, our responsibilities under generally accepted auditing standards and government auditing standards is to consider internal control. we do not do an audit over internal control. but in ac

credit investors and bond council and other attorneys and the city's municipal advisor and the financing team has met several times and developed the find bond documents before you. and barring any unforeseen problems the developer is a week away from securing an allocation from the california debt allocation committee as well. and as for a timeline on this project w anticipate it to close in two weeks and it's trying to avoid the negative consequences of the proposed repeal of private activity bonds in h.r.1 so it's pushing to close before the end of the year to preserve the tax exempt status of the bonds and the tax credits that result. and construction is expected to be complete by march 2020. the last thing to mention before closing is that in your packet the bond purchase agreement has been amended to include the name of the bond purchaser as deutsche bank incorporated and it was the new york branch previous and it's been clarified that deutsche bank incorporated. and on behalf of the mayor's office of community development i thank you for your consideration today and i look forward to y

whether the special counsel is actually inching closer to the president's personal finances after reuters and financial times reported robert mueller's team subpoenaed deutsche bank for the records. signaling the probe may be moving beyond contacts made between mr. trump's campaign and russian officials into the billionaire's business dealings are russia. >> has mueller crossed a line? >> thank you. >> reporter: not responding today but this summer told the "new york times" his finances should be off-limits to mueller. >> reporter: now the presidential advisers says that not true. says confirmed with deutsche bank but not might be allowed to tell the team about the subpoena, since some supposed to be kept secret. tells nbc news it takes legal obligations seriously and committed to cooperating in authorized investigations. another twist five days after national security adviser mike flynn pleaded guilty to lying to the fbi. >> when did the president know that mike flynn lied to the fbi? >> i refer you to john dowd's clarification. >> asking for date? announcement on friday or -- >> refer to john dowd. >> reporter: president's outside lawye

the finance committee staff. i want to thank in particular jay, mark, jeff, and jen, as well as the entire finance team for their amazing work. i also want to take a few minutes to thank my staff. i have been blessed with an amazing staff here on capitol hill. one of the hardest working staffs i've ever seen. i want to start off by thanking my tax guru, shea hawkins, who has done a tremendous job of leading us through this process, fielding thousands of calls and responding to tens of thousands of e-mails. i would also like to thank my l.d., charles kobar for his dedication and his leadership through this time. my chief of staff, jennifer decaspar has done an amazing job of making sure that we stayed focus on the objective. the objective was not to simply pass legislation. the objective was in fact to change lives where we live, to help the average american experience a little more hope, a little more opportunity by keeping a little more of their money. i also want to thank my director sean smith in making sure that we communicated effectively the message of hope and opportunity. and my scheduler, bree kelly, tha

more than ever to working with the a's and our community to find the right spot in oakland for a privately-financed ballpark. and when the team gets over the shock, it's back to the drawing board. in oakland, eric thomas, abc 7 news. >>> bay area assemblyman david chu is warning that republicans in congress are on the verge of destroying new affordable housing in california. he toured an area and they pushed through a historic package of housing bills, including a $4 billion measure, but chu says the new tax bill would kill key incentives that help build housing for lower income families. >> donald trump has declared war on the people of california and millions of americans. the we have to fight back and defend our state. if this tax reform plan happens it will be devastating to california. >> he says projects planned for the next decade could all be threatened if financing dries up because of the lack of the key tax credits. >>> spencer christian is here now talking about the forecast. >> chilly outside, and it persists. >> it is persisting. it is not just cold. let's call it what it is. we have clear skies over the bay area

more than ever to working with the a's and our community to find the right spot in oakland for a privately-financed ballpark. and when the team gets over the shock, it's back to the drawing board. in oakland, eric thomas, abc 7 news. >>> bay area assemblyman david chu is warning that republicans in congress are on the verge of destroying new affordable housing in california. he toured an area and they pushed through a historic package of housing bills, including a $4 billion measure, but chu says the new tax bill would kill key incentives that help build housing for lower income families. >> donald trump has declared war on the people of california and millions of americans. the we have to fight back and defend our state. if this tax reform plan happens it will be devastating to california. >> he says projects planned for the next decade could all be threatened if financing dries up because of the lack of the key tax credits. >>> spencer christian is here now talking about the forecast. >> chilly outside, and it persists. >> it is persisting. it is not just cold. let's call it what it is. we have clear skies over the bay area

we are committed more than ever to work the a's and the community to find right spot in oakland for a privately financed ballpark. when the team gets over the shock, it is back to the drawing board. abc7 news. >> the district is drawing up a new process. here's where it gets interesting. once that is done, they could consider talking with the agencies in the future. so perhaps trying to drive up the price. >> christmas came early for some san jose school kids. 70 students from santee elementary school took part in the tenth annual shop with a cop event. most of the kids are part of readers are leaders reading campaign. others received an invitation because they experienced a traumatic event like the loss of a parent. each student got a $150 gift card for their families and themselves. >> we do have a list. it is very, very structured. >> it is like the biggest part for me, the giving back. >> oh, slime. this is so awesome. i can't believe it. >> i guarantee you, you ask any officer here, they would not want to be somewhere else right now. >> in addition to helping the kids, the department said these events help create a relati

>> i can say i will never support the financing of a stadium for this as this name is associated with the teammy children growing up thinking that we're just redskins. the poster says, or tv said, the franchise said. i don't want them going to school and children teasing them. you're just a red kin! i seen you -- redskin, i seen you on tv woo woo woo. >> a treat when army and navy get together, so much respect between the two teams. but they want to beat each other so badly. braggingrights on the line. there was snow! in philadelphia to add more flavor. uniforms looking good, and army was looking good off to a fast start, they run it right up the gut. this is old school football. i mean they barely threw it. quarterback, perry, had over 240 yards on the ground. this is one of them. 68 yards. nobody is going to catch him, and that puts navy on tomorrow. navy would add another field goal, go up 13-7 late. but now 14-13. last chance for this kid. from 48 in the wind, and a chance to be a legend forever. not to be. wide left, and army makes it to straight over navy. a hard breaking loss for the mi

we developed the financial structure with meghan wallace and her team in the finance division.of course, have responded to countless media requests with renee martin. the inordinant number of hours that eileen, joanne, grace and rona have spend on the transaction documents we are very grateful for and not many people know that our mission rock team within the giants has almost lived out of the pier ones one day a week for the last several years. so, they have been incredibly hospitalable to us as we spent so many hours squating in your offices. [laughter] really it has been a huge team effort. and we just are very grateful and thankful to be here today. and happy to answer any questions. >> we have a great relationship with them dating back to the ballpark construction and working with the p.l.a. for this project as well. this really has been a great experience and one that i think we all feel good about being involved in. it's not always the case when you deal with a complex, difficult negotiation. it takes a goodwill from both sides and we really enjoyed that and enjoyed work

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the new lrv's this friday. i will be away due to travel, but wanted to congratulate them on this milestone and thank the team for the successful financingo support delivery of these vehicles. with that i conclude my report and wish all of you and our staff a very happy thanksgiving next week. is there any public comment on the chair's report? seeing none, public comment is closed. next item, please. >> clerk: item four, executive director's report. this is an information item. >> vice chairman tang: thank you. just wanted to echo the chair's comments about the federal bill and the importance really of all of our local efforts from protecting sb-one to keeping our focus on 2018. regarding the statewide picture, caltrans is releasing and inviting public input on the final bicycle plan for 2020. this is something that they have been working on for -- actually a bicycle and pedestrian plan. the goal the to double walking and triple biscycling trips by 2020 and they are ready to skusz their -- discuss their findings. and the closest one is west oakland youth center in oakland. it will be happening tomorrow 5:00-8:00 p.m. in addition, at the

project but some of china's partners are worried to be out of the loop let's bring in our finance correspondent from singapore and china is teaming up with many partners but not everyone is happy who is it. well just three main parties here we're talking about of course india its biggest competitor the second asian superpower obviously it is worried about some tensions with china having some projects around it it's got a threat of encircling india and a threat to its economy as well so as a result of that pakistan is worried about political and territorial tension between india and china it will be caught in between we're talking about sixty billion dollars worth of infrastructure projects just within pakistan alone of course in europe some countries in western europe. giving look warm response. especially with the real project there are reports saying that people aren't happy with how. the rio is going to extend shipping freight. freight charges by up to fifty percent as well as duration compared to just regular classics to. see free where the projects in pakistan and the poll that have been counseled are being put on hold is th

the united states is teaming up with the saudis to combat the financing of terrorism.ssue that is one of treasury secretary steven mnuchin's most important priorities. he gave me an update on the progress of this important fight. >> we're here to open the terrorist financing targeting center, which this is something we sign a memoranda of understanding when the president was here. it's one of my single most important priorities, as you know, to fight terrorist financing and thrilled to be here in saudi. i looked at the three buildings today, they're ready to be open, and launching center the here with saudi co-chairing it with us. we'll be coming out with new sanctions this afternoon on a joint basis and something we're very proud of moving forward with. maria: how do you do that, secretary? we were talking earlier with people in the crown prince's office and he is apparently looking to, right now, apparently extremists represent 20% of saudi, he said, and they want to get that down to 5% in the next two to three years. how specifically are you going to stop out extrem

the colosseum into lincoln finance southwest. they move closer to securing a top seat in the conference. >> we have a bunch of warriors on this team. and we are guys that know what adversity is like. we know this game. and we're okay. we don't just hide. we stand up and we fight. >> i think we feel a bit of that urgency. like i said, we got punched in the mouth a little bit. and we feel like we need to get back to being who we feel like we are as a team. >> cue the music. our power hour of coverage starts sunday morning 9:30 with eagles game day kick off. and join us after the late news with exclusive interviews. >>> this year's top pick has no more soarness in his right shoulder and will ramp up his activities. the sixers on the cort. joel embiid still not playing. ben simmons sets the tone early with the left hand flush there. that left hand, mighty good. another flush. and how about spinning and winning down the court for a two-handed bang. simmons was 14 and 10 assists. but things fall apart like the roots fourth album. lebron to dwayne wade. sixers fall 105-98. today in south philly facing off in a snowy lincoln financial fie

the n.h.l. already withdrawing its players well it could mean that teams like latvia finance le vacuo will come into medal contention and it would hit some of russia's young stars as well even though there's no evidence to suggest they've done anything wrong eighteen year old medvedev is a double world champion figure skating champion and a gold medal favorite but depending on how the i.o.c. sees it even she could be left out in the cold our sports correspondent leigh willing says the i.o.c. have found themselves in a tough position. it could barely be more difficult for thomas bach and the international olympic committee who have to make this decision having fully read their report to die whatever they do it's not going to please a lot of people it's about as difficult as it can get apart from of course i want a similar position last year with rio and their decision didn't satisfy a lot of people then but they have to take a call in what kind of options do they have a war they do the same thing as they did in a way i would put it down to federations individual sports to make a decision which s

the leipsic four games in a row with asia where. next leipsic mon davies made his old team pay with two goals are he in the first topher have to finance his strike partner salomon kalou also got in on the action three nails of the away saw its. face despiser red card for harris's jordan turner recap after just eight minutes. then he or marcel huston bagged hit box but it was too little too next. life success and way down in fifth but they'll still fancy their chances of qualifying for the champions league when games resume again next year. few. arrived for his first home game as dortmund boss is only a short term fix. a chance then to make a potential successor for speaking of course eventually in. the current coach of hoffenheim. don't get too comfortable just yet mr now goes man there's a game to play. what dortmund locked in their first half of the season is exactly what not as man brings passion and the right look. when he coaches team to victory today. dortmund start the game enticing with a trying to impress someone perhaps. under a car malenko went close as did christian pulis take. the chance to most american into a world beat

the f.b.i. about his contacts with russia finances a senior member of trump's transition team asked him to reach out to russia's ambassador to the u.s. he's and soldiers in honduras have been given extra powers to stop violence that followed a disputed presidential election president want to london under is narrowly ahead of opposition candidate salvador. who's claimed electoral fraud and called his supporters on to the streets. the whole armed forces and the national police acting in a prudent manner in accordance with the law calling on the people to maintain peace and calm to stay tolerant and to not ferment hateful sentiments vengeance or division among the whole people thousands of people expected to join a rally against germany's far right party which is gathering in hanover to elect the new leadership the anti migrant and islam party won almost one hundred seats in parliament in the general election in september pope francis is wrapping up his asian tour where you find to use the word during a mass on friday the head of the roman catholic church blessed people during a gathering for young

the pilot to getting us to this point. the team during the pilot goals the traffic engineering, capital finance and accounting, the folks in the finance group who run the parking meter contracts. they along with the meter shop and it division have been working with me for 18 months to get the it infrastructure ready for something like this to get us ready to make these kind of demand responsive pricing changes to make us the first major city to do this at every meter in the city. we think it is a worthy project and something that is directed towards a lot of the goals. thank you for your time and i hope you like what you hear. >> thank you very much, mr. wilson. it is fascinating to watch this evolve from the park pilot where we learned so much and seeing

whether the special counsel is actually inching closer to the president's personal finances after reuters and financial times reported robert mueller's team subpoenaed deutsche bank for donald trump's records the "times" calling the move quote, a signal the probe may be moving beyond contacts made between mr. trump's campaign and russian officials into the billionaire's business dealings before running for office. >> has mueller crossed a red line, mr. president? >> thank you >> reporter: the president not responding today but this summer told the "new york times" his finances should be off-limits to mueller. would that be a breach of his actual - >> i would say yes >> reporter: now the presidential advisers says that the stories are not true >> no subpoenas issued or received >> reporter: the president's personal lawye said they confirmed that with deutsche bank but not might be allowed to tell the team about the subpoena, since some are supposed to be kept secret deutsche bank tells nbc news it takes its lega obligations seriously and committed to cooperating in authorized investigations into this matter. it's yet another twist in the r

hear the russian out if they had -- about whether special counsel robert mueller is zeroing in on president trump's personal finances. both reuters and the "financial times" report mueller's team has subpoenaed german deutsche bank for mr. trump's records before he ran for office. >> has mueller crossed a red line, mr. president? has mueller crossed a red line? >> reporter: last july, he told "the new york times" his finances should be off limits to mueller. [ inaudible question ] >> i would say yes. >> reporter: in fact, mueller justice department melania trump orders on russia include any matters that arose or may arise directly from the investigation. the white house says the stories are fake news. >> no subpoena has been issued or received. >> reporter: the president's personal lawyer says his team's confirmed that with deutsche bank, but some subpoenas are supposed to remain secret, meaning the bank might not be allowed to tell anyone about it. deutsche bank's statement to nbc news, that it takes its legal obligation seriously and remains committed to cooperating with authorized investigations in this matter. >> that was peter alexander reporting. >>> recognition for coli

i congratulate the hardworking teams, the staffers, and others from the budget, finance, energy committees, and their colleagues in the house for the work that they have done. it's not easy to modernize a tax code that has languished for over 30 years. many groups have worked for a long time to solidify their special benefits, and they don't want to see those perks or special benefits go away. many others just don't know how to work things under the status quo and think that that must be the only way to do work is to find a new status quo that represents the old status quo. reforming the tax code is not easy. but it's important. it's important to america's economy. it's important to america's working families. it's important to colorado. it's important for a lot of reasons. for instance, right now, we waste six billion hours and $263 billion just to file our taxes every year. after this reform, 92% of taxpayers will take the standard deduction. that simplifies the code, cuts those hours, and eliminates wasted dollars. but perhaps most importantly, it will shake our economy out of its slow-

the pilot to getting us to this point. the team during the pilot goals the traffic engineering, capital finance and accounting, the folks in the finance group who run the parking meter contracts. they along with the meter shop and it division have been working with me for 18 months to get the it infrastructure ready for something like this to get us ready to make these kind of demand responsive pricing changes to make us the first major city to do this at every meter in the city. we think it is a worthy project and something that is directed towards a lot of the goals. thank you for your time and i hope you like what you hear. >> thank you very much, mr. wilson. it is fascinating to watch this evolve from the park pilot where we learned so much and seeing it rollout city wide is fantastic. to your point, it is probably almost invisible to most people who use it except people will be able to park more easily and the apps that will be available to let people see what those rates are because i can see that might be someone's concern they park the car and it was x per hour. they don't maybe know if they don't check ahead of ti

timmy reportedly plans to throw tore feams in the knew -- for teams in the near future. he is just 33 years old. campaign financese bryant it was kobe bryant's -- it was kobe bryant's night. larks retired kobe's jerseys, both of them, 8 and 24, and almost beat the world champs, but they reveiled in overtime. -- prevailed in overtime. one of the more notable plays the epic rejection of ingram in which bell stood over ingram who was hurt and talked trash. steve kerr a fan of the block, but not the rest. >> second half, there was that one after he -- tremendous block, but we deposit score at the other -- didn't score at the other end. i think if he would have turned and sprinted, he probably would have had it tipped in because patty had a lay-up that didn't go. if jordan runs the floor, he'll be much better, but i'm just trying anything to get him to sprint the floor as hard as he can every time. >> those holding out hope of seeing steph curry play on christmas day might want to let that go. the warriors announce curry is making progress in his recovery from a sprained ankle and he'll be reevaluated in a week at whi

marcus schrenker formerly the chief finance officer is now the president and co head of corporate and investment bank and the deputy c.e.o. it's the first time a television team has been allowed to film a board meeting the bank wants to regain trust and it needs to the combined annual salary of the people in this room is a good twenty five million euros that's a lot of money but much less than their predecessors got the ones who plunged the bank into the crisis the big money was yesterday today's about john you cry and he's here to clean up the bank his mandate to exude confidence questioned saving on the right is co-head of private and commercial banking used john cry and other deputy the board members of deutsche bank speak english meetings eight men and two women from five countries who attend by video conference if necessary we're going to look at the bank's past to try and understand its present and future. of june twenty sixth seen the i.m.f. published the results of an investigation page twenty nine contained a frightening sentence deutsche bank appears to be the most important net contributor to systemic risks. so how dangerous is back. and i often do

the previous warring management team. stocksrs are biting uber at around $48 billion, well below the and last financing round of $69 billionansaction is expected to close in january. pablo joins us from tokyo area -- from tokyo. it looks like it will go through come up the key governance reforms? when are they going to kick in because that has to do with credibility. that's the rocking horse within uber. pablo: that's right. the governance is something that made this deal a bit of a cliffhanger. the deal is supposed to grow in january and as part of that agreement, uber's board will be expended to 17 sees and something should have a claim to two of those. it would invoke two-tier voting structures that has given a lot of voting power to the early backers and by extension, reduce the cofounder and former ceo travis kalanick's power. he will also get something out of the deal. and the 10% stake company, but as part of the agreement, early investment benchmark will drop its own losses. that will put to an end all this internal infighting that has set the company back in 2017. manus: how important is a stake in uber for softba

the budget committee team. closer to home i want to thank the atf of the -- staff of the finance committee. i need to single owl mark -- single out mark pratter who has served in the committee for decades and his expertise is recognized by everyone here and pretty much by everyone everywhere else. i thank the committee tax staff, tony, christopher, alex, eric bowman, marty pipins, and nick wiatt. i need to thank my staff director who quarter -- quarterbacked the staff who helped to lay the groundwork. i want to thank the other members of my senior team including jeff, julia lawless, jennifer, chris armstrong, and brian hickman. i thank the communication staff, katie, nicole hager and joshua bloom. i need to thank a couple of former staff members, chris campbell, while he is now at treasury, i'm sure he is celebrating right now, along with us. i'd also like to give a thank you to jim lyons who, unfortunately, passed a way a little over a year ago. he contributed greatly to this effort for a number years and his steady presence has been missed. other bodies deserve our thanks as well, tom bar