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

and for our bank credit facility, the finance team is working to finalize the contract terms with j.p. morgan for our bank credit facility. we will bring recommendations to the commission on both of those contracting efforts for a vote early in the new year. on legislative activities, consistent with your vote on november 14, i believe it was, an ordinance was introduced at the board requesting the board of supervisors provide a limited, delegated authority to the p.u.c. to enter into supply contracts to support completion of our program. the delegated authority would include annual expenditure limits and conditions that the commission imposed on the general manager. the item is scheduled to be heard this week -- tomorrow, i believe -- at a special meeting of the budget and finance committee so we'll be presenting there in support of that item. and regulatory activities. i just wanted to mention that our annual usual adjust tonight the exit fee, the pcia, will be delayed this year so there won't be a new pcia on january 1. it will be delayed for at least 30 days. the california public

the market. selina: 30 seconds, what are those consumer investment products going to look like? you recently acquired trigger finance, a mobile investing platform. >> yes. the trigger finance teame leadership in building circle invest. circle invest will be a mobile first experience. if you go to invest. circle.com, you can see a teaser. we like to say it is crypto without the cryptic. it is optimized around a user experience on mobile which lets you see a portfolio of assets, balance those, look at the return of investments on assets overtime, and do that with instant liquidity and the best economics in the world with multiple types of coins and assets. selina: i'm looking forward to our next conversation. jeremy allaire, the ceo of circle. thank you for joining us. coming up, with its new radio and podcast upturns -- options, spotify is going head-to-head apple. is it ready to go up against tech giants as it prepares for an ipo? this is bloomberg. ♪ selina: as spotify preps for its ipo, it is working on new ways to fear listeners away from into the radio and podcast space. we are joined by lucas shaw in los angeles. how much of this is a selling point to investors ahead of th

was up from 2016 but it did not manage to top the 2016 peak according to a new report from the energy finance teamiscuss the report is even, who heads our new energy finance operations in the americas. great to have you. just talk about how much spending actually rose and what were the key drivers. about 333 billion dollars, one third of the bunny in new capital went into clean energy in 2017. really the biggest driver and headline over the course of the year is china, where we saw on , 50 threele volume gigawatts of new solar capacity added on roots and all kind of places. china is far and away the world leader in terms of the most month capital deployed in the most amount of equipment deployed as well in support of clean energy. it was again a year where china led the pack and everybody else came in a distant second, including the united states with 67 billion dollars of investment compared to about $130 billion in china. scarlet: that is interesting especially given what we heard from the national party passes congress in october where they put a lot of emphasis on clean energy. talk a little m

. >> the congressman says he is in the clear of corruption charges stemming from a finance team from the 2012 election campaign to get a primary challenger to drop out of the race and several have plead guilty. >> they advised me that based on their review and the statute of limitations i will not be charged in this case. >> several people including former deputy mayor. lined up to challenge brady in the primary. >> he will still represent all 69 ward leaders and look forward to his counsel and advice. >> and proud how he served our city and how he served in the u.s. congress and kept the common mans touch there and never got too full of himself. >> in retirement he says he will have plenty of clout in washington calling in favors from his days a major power broker and the boss of the democratic party machine. i'm vernon odom channel 6 "action news." >> and there is big news tonight about another well known public official, the corruption case against senator bob mendez of new jersey is now closed. federal prosecutors announced today that they will not retry the new jersey democrat an

for more on the immigration debate let's bring in fair and balance panel brad blakeman, former deputy assistant to president george w. bush and al, member of clinton finance teamr member of the clinton finance team, easy for me to say. gentlemen, thanks for your time. >> great to be here. >> brad, let's start with you, your thoughts on president lashing out on democrats in twitter? >> i think he's dudley right. democrats did not come in the bipartisan meeting with any intention in dealing in good faith. how do we know that, dick durbin outraged over what the president may have said at the meeting. and when he left the white house, he didn't go to sticks, in front of the press corp and show his outrage, this was calculated that they will policy, want government shutdown, they don't want a deal on immigration, they think they with get away with blaming the trump administration, the president went to deal in good faith, he said it during the meeting we saw a week ago, he said it it was a bipartisan commit yes we saw a few days ago and democrats have taken attack that he couldn't be dealt with, they choose to attack him. >> that's the best spin i have ever heard.

eighteen joining us is veronica birkenstock a former member of the truck campaign finance committee and part of the trump transition team last year ms birkenstock thank you so much for joining us many of us had all lot of high hopes last year for what candidate trump a spouse did his goals yet i'm not sure he's completed all those things for a number of reasons but how do you view what the president's done in the last year given that he's had these republican majorities how do you grade the president first first year in office. i think president has done amazing job i mean this tax reform this it was this first piece of major legislation that's actually passed through the house and senate but there's still a lot of work to do we've had a four percent growth rate in our g.d.p. and the mandate for health insurance that they are has been now null and void so i am very optimistic about what's going to happen in two thousand and eight ten cannot wait to see what actually happens on january nineteenth and and moving his agenda forward so let's talk just a little bit about tax reform because i like a lot of people and you i as

the b.g. b.g. team is probably. them from the capital they're financed by donations and crowd funding drives. electricity for all the company has taken on responsibilities usually assumed by the state or you can take initiative to made the teen's immediate scenes that we wanted to see is sometimes when there's a problem it just takes a little bit of action and that action is definitely lacking not only in this field at sea all around the country in different ways and forms malaysia now consumes around five times the energy it did back in one nine hundred ninety and it's a developing country with a burgeoning population that's hungry for products like air conditioners that's where as renewed your source company comes and it converts conventional air conditioning units to consume fifty percent less electricity the exact method is still a trade secret the technology hasn't yet been given all the necessary patents for the use of has already landed big customers like this eco resort. the way that leave their. vision these are also a dream is also. very. nice. because the way the game goes. and oth

the cycle peak? let's talk about what is coming up. team adam, the president of the institute of international finance. he joins the team next.nna: christine lagarde, she will be joining us to talk about what she hopes will be achieved at the world economic forum. ♪ anna: this is "bloomberg daybreak: europe." a balmy minus two in davos just a bad. we will be speaking to the u.k. prime minister theresa may live from the world's life economic forum. here is juliette saly. presidentanna, as trump is set to arrive in davos, his top economic advisers have set the stage for the rollout of his america first manifesto bicycling a tougher stance on trade. the dollar has had its deepest slide since march. steve mnuchin said a weaker currency is good for u.s. trade. wilbur ross said that any protectionist agenda in america pales in comparison to china. in a panel at the world economic forum yesterday he faced a group of strong champions of globalization. that is your bloomberg business flash. manus: juliette, think you very much. trump is scheduled to arrive in davos forming a number of positive comments from wall street chiefs. we just

the b.g. b.g. team has brought with them from the capital they're financed by donations and crowd funding drives. electricity for all the company has taken on responsibilities usually assumed by the state well you know we can take initiative to me and teens community things that we want to see. sometimes when there's a problem in this takes a little bit of action. and that action is definitely lacking not only in this we did see all around the country in different reese informs malaysia now consumes around five times the energy it did back in one thousand nine hundred eighty and it's a developing country with a burgeoning population that's hungry for products like air conditioners that's where as reno your source company comes and it converts conventional air conditioning units to consume fifty percent less electricity the exact method is still a trade secret the technology hasn't yet been given all the necessary patents but use of has already landed big customers like this eco resort. in the way that leave their. vision these. days it. is also. claimed that it is nice. because they're always loo

in this case right now wynn is a member of the national committee finance team. and raising money for the republican party. at this point more than a day in it's been crickets from the republican party about this. they have to hold them selves to the same standard that they held democrats and harvey weinstein to. they need to be better than that and more proactive because at this point he's on their team. he's actively involved and engaged. >> he was. we don't know how long that will last at this point. richard, and to that point, i want to read a tweet from alexandra, president of the super pac for house democrats. she said, she posted, since he's finance chairman, shouldn't they have to give all the money back they've raised since he's been there? fair question. is it too broad? should he give the money he raised back or the money he donated back? what is your take on that? >> i think all these super pacs and both parties need to give all their money back. the american people are sick and tired of this american campaign system and makes our own elected officials

heather: this is called the hezbollah financing and narco terrorism team in response to the project cassondran politico and we have this article from december titled the secret back story of how obama let hezbollah off the hook and alleges an ambitious us task force targeting hezbollah, billion-dollar committal enterprise ran headlong into the white house, desire for a nuclear deal with iran. now we have this project put together by the attorney general jeff sessions, where do you see it moving forward? >> a big step in the right direction. the key is going to be whether they have the authority to conduct prosecution not only in the us but outside the us. it is not just a us problem but a global issue, when it comes to organizations like the dea or the fbi they are the right size to head of these activities because they have a significant amount of information on hezbollah. law enforcement has been working for years on these activities and were told to stand down, primarily for political reasons. this is a step in the right direction. hopefully we see the stopping of the flow of money in thes

twenty eighteen joining us is veronica birkenstock a former member of the campaign finance committee and part of the trump transition team last here ms birkenstocks thank you so much for joining us many of us had all the high hopes last year for what candidate trump a spouse did his goals yet i'm not sure he's completed all those things for a number of reasons but how do you view what the president's done in the last year given that he's had these republican majorities how do you grade the president first first year in office. i think president has done amazing job i mean this tax reform this it was his first piece of major legislation that's actually passed through the house and senate but there's still a lot of work to do we've had a four percent growth rate in our g.d.p. and the mandate for health insurance that they are has been now null and void so i am very optimistic about what's going to happen in two thousand and eight ten cannot wait to see what actually happens on january nineteenth and and moving his agenda forward so let's talk just a little bit about tax reform because i like a lot of people you i assume we

the routine is get in line and be patient. but. selling finance days is helping out with accounting she works in the biosphere reserve team she saysmost of the plastic bottles arriving on the island contain palm oil for cooking by holding collections every few months the team has gathered up four hundred fifty thousand bottles for every fifty they hand out a reusable container made of stainless steel. a bit of metal over the plastic so we have four tonnes of plastic stored on the main island of southall me a maritime transport company is helping us by taking it to lisbon free of charge to the recycling companies there will receive it and it was a couple mess tourism hasn't yet come to the island and that's the way they want to keep it but the locals also need jobs so the idea is to help cycle the ardennes waste seventy percent of which is organic or about her that i did that. these women are making commercial compost it's a new venture on the island and it's hard work the compost spades need to be turned to three times a week. is an important lastic that's a bad. the women i mean to sell their first compost in three months they've

the finances during this period? >> sure. excuse me. so overall, the team has been -- it is true that it has been fairly more difficult to get realtime updates on all the financials on the project. we are able to do estimates and projections and trends based on the previous expenditures. so we'll continue to track it using the more manual methods. we are able to -- for consultant contracts, those are easier to track. but for the labor portion, we are utilizing manual methods to make sure we're still within the budget. >> thank you. i appreciate that. >> i think mr. hughes as a comment. >> joe, i have a couple of quick questions i hope. on 440 turk, it's a $20 million bond, 440 turk was owned by hud and occupied by san francisco housing authority. did the city buy the property? is that in the 20 million? >> what i -- what i do know is the real estate is working toward the purchase of the property so that in order to develop the 440 turk street, the numbers i have seen before at least for the majority of the $4.7 million that were part of the first bond sale

team too thin. >> you need a strong finance and accounting team throughout the year. and leading up to the raise. and you need kind of a communications pr marketing manager. and i say that's kind of the baseline to do a raise like this. >> not to mention, they needed to ensure they had enough money to dedicate to raising money. >> you're looking at like $200,000 as like the minimum to launch. >> while the campaign was successful in the end, it was not without its issues along the way. there was a payment processing system error, and some investors accidentally got charged twice. it wasn't dstld's fault, but it is certainly not the kind of thing you want associated with a brand-new campaign like this. >> we had some technical glitches, which, to undo those glitches, were very complicated partner platform, and they had to basically refund investors. >> oh, that feels like a knife in your heart, right? this is it. this is like launching a product and have something go wrong and that could be the death of it. >> we had to then go back hat in hand and say, now would you --

the former usa gymnastics team doctor larry nassar was based there. the financeman of the us republican national committee has resigned over allegations of sexual misconduct. steve wynn has been accused of making dozens of female staff perform sex acts. he has dismissed the accusations as preposterous. the constitutional court in madrid has ruled that the catalan separatist leader can only be sworn in as regional president if he returns to spain. there had been speculation that carles puigdemont could be sworn in and govern from belgium, where he is in self—imposed exile. police are searching for a second man after a car crash in west london in which three teenage pedestrians were killed. it is believed the car was travelling at speed before mounting the pavement in hayes on friday night. the victims have been named locally as harry rice, george wilkinson, and josh kennedy. a 28—year—old man has been arrested. ben ando reports. friends, classmates, mourners. three, two, one... grieving together, an improvised memorial for a tragedy as shocking as it was unexpecte

we developed the financial structure with meghan wallace and her team in the finance division.nd, 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

greener, energy was up from 2016 but it did not manage to top the 2016 p, that is according to a new report from bloomberg new energy finance teame the key drivers? >> the biggest driver and headline of course a beer was china where we saw an unbelievable volume of new solar builder that 53 gigawatts of new solar capacity added in all kinds of places, china is far and away the world leader in terms of the most amount of capital been deployed in the most amount of new equipment being deployed as well. again, it was a year where china wasthe pack and it everybody else that came a distant second, including the united states. this is compared to about 130 in china. ask if we look at the key countries, you have pinpointed the u.k., germany, japan, to what extent do think united states could suffer as we push through into 2018 as a result of the president's decision over the paris accord? >> the paris accord in terms of the symbolism of the u.s. pulling out certainly sends a negative sign to the rest of the world about the u.s.'s commitment on these issues, however, if you look at where roadr meets the world -- in terms of tax credit

the 2015 peak. that is according to a new report from bloomberg's new energy finance team. ey drivers? ethan: the biggest driver and headline of course this year was china where we saw an unbelievable volume of new solar build, about 53 gigawatts of new solar capacity added in all kinds of places. china is far and away the world leader in terms of the most amount of capital being deployed in the most amount of new equipment being deployed as well in support of new energy. -- in support of clean energy. again, it was a year where china led the pack and it was everybody else that came a distant second, including the united states. in the united states, we saw about $57 billion of investment compared to $130 billion in china. julia: if we look at the key countries cutting back you have , pinpointed the u.k., germany, japan. to what extent do think united states could suffer as we push through into 2018 as a result of the president's decision over the paris accord? ethan: the paris accord in terms of the symbolism of the u.s. pulling out certainly sends a negative sign to the re

of thein will, the head new bloomberg energy finance team in asia. ark side of apple supply chains. the at why one of one of biggest manufacturers are looking at allegations of violating labor standards. this is bloomberg. ♪ ♪ this is daybreak asia, i am betty lou in new york. yvonne: i am yvonne man in hong kong. south32 says coproduction rebounded just as prices are poised to arrive to a record on potential weather disruption. reduction was 788,000 metric tons in the three months ending in december and that is from 400 and 4000 and the previous quarter. analysts say around a dozen cyclones forecast for australia's storm season could push prices above $300. betty: alibaba is partnering to provide personal products to consumers, daily fresh milk is andlable in the 14 stores also farm her. they say initial volumes are around three times daily with plans to scale up over time as the retailer seeks to expand in-store numbers across china. there he is new technologies such as blockchain to track cargo movements and automated paperwork for international sh

he thinks the special counsel robert moller has no right to start looking around in his business or personal finances. he thinks the team and the trump campaign. the president says there was none. the fact stephen bannon is talking openly in this book about robert moller crossing that line and looking at finances is again something that would obviously raise the president's ir, and we saw it in that statement. what you think those who still support president trump are making of this? do you think there is any residual feeling for steve bannon, or is this basically their man taking on someone who has decided to turn against the president? we are going to find out. this has been one of the questions area this has been one of the questions are a lot of us have had the last year and are a lot of us have had the last yearand a are a lot of us have had the last year and a half, who understands and commands the trumped face better, the president himself —— the trump race. bannon was that one out publicly saying the president got bad information here, roy moore is actually the one who represents trump better whether he realises

the united states is teaming up with the saudis to combat the financing of terrorism.n issue 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 ext

to sharing inside those service teams and even across the walls of those service teams with our county manager and strategic areas of the county manager's financeman resources and policy and planning work serving all of those areas. the goal here of course is to tool ourselves to better meet the needs of our community. i want to share with you, and i'm not going to keep you all night, and then i promise i'll go unless you want to see all the data that backs this up. i want to share with you that ramsey county's strategic plan mirrors the vision, mission and goals that you just saw. it also includes for the time and this past couple of years, strategic priorities that outline the deep work that we need to do. focusing on data, organizing that data, translating it across departments and also together with our community partners to ensure we're talking about the same thing and measuring the same thing. and within ramsey county, utilizing those levers of our work to drive equity. with a strong focus on community engagement. these are our strategic areas of focus right now. i won't read through them all, i know you can see them. but we are focused o

and if that is the case that they are worried about the finances posing potential links, we know that many members of the trump teamved in their business interests at the same time that the campaign was going on. we know there were these meetings that jared kushner had with russian bankers who were representatives of investment funds that are tied to the cr e kremlin. those are dots out there yet to be connected. but if the reporting that ivanka trump has actually been very, very worried about this is accurate, that is a sign of where they feel their vulnerabilities may be. >> yeah. here's another piece from the book. christen, i'm going to do this for you. this is talking about wolff is writing about the infamous trump tower meeting june of 2016 s writes the president insisted meeting in trump tower was purely about russian adoption policy. that's what was discussed, period, period, even though it was likely if not certain that the times had the incriminating email chain, in fact tas quite possible that jared and ivanka trump and lawyers new and had the email chain. the president said no one should let on to the p

the justice department said it will establish financing teams to target iran's ally, has below, whichconsiders a terrorist organization to refresh accusations of racism after reports of a foul mouth outburst about immigrants. the president is said to have made the comments about how ut, haiti and el salvador. president trump will always fight for the american people. donald trump is concerned that his planned trip to the u.k. will now not go ahead. news apparent response to reports, the best president tweeted "reason i canceled my trip to london is that i am not a fan of the obama administration having sold perhaps the best located and finest embassy in london for peanuts, only to build a new one in an off location. bad deal." vladimir putin said kim jong-nam has "won mismatch in the contest to acquire nuclear weapons." he made the comment in a meeting where he called kim and educated and mature politician. this week, they held their first direct talks in more than two years. local news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. thi

it seems to me we can increase housing on the sites we hold and so it teams to me we should target the projects if only we can get the financing resources available. i'd like to work with you and if there's not a way i've been asking the nonprofits to do and the city and our staff here to to look at the projects coming up not as individual projects but there's efficiencies if you're going to build 2,000 units of housing. the first three sites, is there not a way to have efficiencies in designs and operations that can being looked at where we pull resources. perhaps it's negotiating in advance the fee paid to general contractors or an insurance policy backed up by the city to be used by the non-profit developers on treasure island. perhaps special subsidy programs for the projects. there's a list of things that can be looked at. and i would ask your office work with us to think of ways in which we might be able to get those resources and use them more efficiently. for one thing san francisco, the cost of building an affordable housing unit in san francisco is so much higher than the rest of the bay area. there's certain ordinan

the b. g.b.g. team has brought with them from the capital they're financed by donations and crowd funding drives. and electricity for all the company has taken on responsibilities usually assumed by the state well you know we can take initiative to me i mean it seems that we want to see. sometimes when there's a problem in this takes a little bit of action and that action is definitely lacking not only in this we did see all around the country and if in recent malaysia now consumes around five times the energy it did back in one nine hundred ninety it's a developing country with a burgeoning population that's hungry for products like air conditioners that's where as reno your source company comes and it converts conventional air conditioning units to consume fifty percent less electricity the exact method is still a trade secret the technology hasn't yet been given all the necessary patents but you surf has already landed big customers like this eco resort. the way that. position does. that mean he's also. saying that. because if beginning to. end other potential customers from the u.s. have also

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