Tonight were learning a pipe spent tens of millions of gallons of fresh Drinking Water into the bay. Its been leaking for years Officials Say they dont plan to fix it. Good evening. The leak into the bay seems wasteful in the wake of the massive water main break in los angeles that flooded most of the ucla campus. It burst under sunset boulevard, sending 20 million gallons of water surging into the streets and campus buildings. First, that never ending leak from our own aging Water Infrastructure here in the bay area. Were live where the pipe is leaking into the bay. Its been doing it for years. Alisa . You can see the pipe leaking at 25 gallons per minute. By the end of the newscast, another 1,500 million gallons will be lost. Its in need of a fix. In 2012, a 78yearold pipe split, dumping water into a neighborhood. In 2013 a water main broke, damaging homes, last month, broke during pressure testing. A spokesman for the Public Utilities Commission Says some date back to 1920s. Any sor
Damaging homes, last month, broke during pressure testing. A spokesman for the Public Utilities Commission Says some date back to 1920s. Any sort of shock causes separation on the break. Crews have a big job, the bay tunnel project. Tunnels replacing this old leaky pipe that has already dumped up to 65 million gallons into the bay. You never want to have a leak during a drought. In this case were waiting for a bigger fix. Yesterday, water raged for three hours, he says there is no off switch. You cant close it out. You get a water hammer affect. Its you snap off the water, causing shock waves the key to decrease pressure. He would not speculate if crews could respond master but did say theyre on stand by 24 hours per day. The attorney representing Raymond Shrimp Boy Chow says the leader may testify. Chou was in court today, pleading not guilty to a set of racketeering charges saying he used his status as dragon head to carry out criminal activities his Attorney Says prosecutors are try
Under house arrest. Fears of political metaling spooking investors. Sony slashes its guidance against. The ceo is due to give a press conference any minute now. Happy wednesday, everyone. Im seema mody. Coming up on todays show, the pressure piles up for the nfl after its sponsor budweiser says its concerned surrounding a number of incidents surrounding its players. And fedexs tells us why he thinks the stock will outperform in the next year. Our favorite moment from friends as the tv sitcom celebrates its 20th year anniversary. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And one day left until scotland votes. Who would have thought four weeks ago that markets globally would be so focused on scotland . Youre absolutely right. But you know what . I think weve seen the worst of the jitters. Over the last two or three days, especially now that weve got so many in the camp, markets have been more or less sanguin about what could be happeni
Activist investor Nelson Phelps is taking his to the next helpful. Out now with news this morning that the founder has sent a letter to the company, to calling for or dupont, rather, dow chemical, dupont, calling for a breakup of the country. If this story sounds familiar, hes been working since back in july of last year that we first reported that he bought a big stake in the company. He says that this is an excessive Holding Company cost. He estimates 2 billion to 4 billion of excess corporate costs. He says the district businesses are overwhelmingly complex. How big is his stake in the company again . 3 . Hes probably the largest shareholder. For us, it would be a big stake. For you, its like 2 billion or something, 1. 8 billion. It would be a big stake. For me, not for you. But both, you know, dow, dupont, theyve been its too slow . Theyve been doing a lot of stuff. I didnt get it from anyone. I got it. You got a cold . I do. Both kids i know, i know. Dust mites. I dont know what c
And squawk box begins right now. Good morning, everybody. Welcome to squawk box here on cnbc on this jobs friday. Im becky quick along with joe kernen and Andrew Ross Sorkin. And we are past the point of no return. We have a rocking lineup for you today. Kelly king, the bb c ceo, roche ceo chevron swan and Houston Texas owner robert mcnair. We have matt shattock. Were going to be covering jobs in the market. Vince reinhart will be joining us. And what is a jobs friday without a little shot of rock and roll . Kansas is celebrating 40 years in the music business. It has been a very changed scene over those 40 years. We have the founding member, drummer and band manager phil e. Hart. Andrew, obviously, we have it all today. We do, we do. Its great to see you, becky. Joe mentioned stocks are off to a very strong start this year. If you believe in the january barometer, its a great sign for the bulls. The theory satsdz that the s p direction in january sets the tone for the next 11 months.