Expiration. Bill, the question which well get to in one second is why. So here is where we stand in markets right now. The dow is up 161 points. The s p 500 adding about 18 to 1854. If we hold, there will be a new record closing high. The nasdaq up 40 points above the 4,300 level at this hour, bill. Lets ask that why question you posed. Get to our closing bell exchange. Our round table includes Patti Edwards from u. S. Bank, Quincy Crosby from prudential financial, anthony chen from chase and our own Rick Santelli in the windy city as well. So, patti, why is the market up as much as the dow was up 190 points at the its peak today. Why is the s p near alltime high territory . Were getting through earning season and 75 of the reports have been better than expected. You add to that it looks like weve got a little bit of resolution in the ukraine and the fact that people had been taking money off the table and its time to get back in. I think people are just going where the best deals are
Potential successors to ben bernanke. Stocks nearing some record levels. The nasdaq moved toward their best september in three years. Apple is not part of the rally. The Company Announcing the new 5c and 5s will be available friday. Well talk about whether investors should be concerned. Look out elon musk. They are working on a new electric car. First up, fed reserve policy makers begin a twoday meeting today. The fed statement will be out tomorrow followed by a new conference with fed chairman bernanke of course. It comes one day after stocks did rally on news that former treasury secretary Larry Summers pulled out of the running for the fed chairman. Everyone is talking about yellen, though you look at andrews column in the time today, the mention of donald cone, geithner still gets a mention here and there. Geithners out. But i think that ferguson will be terrific. Look, i still believe that if you liked summers, you dont like yellen. Sure yellen was a popular favorite but the whole
Embedded in that conversation will be a conversation about how do we how are we actually engaging with customers or potential customers. Opt out how proactive are we being and with which customer groups, and how more responsive mode were in with customer groups. Because there will be an element, i think, given the size of the program that were envisioning. There will be an element of us actively engaging with customers, but there will also be customers who will call us up. In fact, weve already had some potential customers call us already expressing an interest in participating in the program. So, we need to be ready to address sort of both levels of customer interest and that will help us shape our preenrollment and our statutory opt out portions of our roll out of our plan. I wonder if i may also respond to something you said, commissioner moran, about the solicitation and outreach. And that you were imagining we would need to make a determination as to the size of the program before
Help us shape our preenrollment and our statutory opt out portions of our roll out of our plan. I wonder if i may also respond to something you said, commissioner moran, about the solicitation and outreach. And that you were imagining we would need to make a determination as to the size of the program before, if i heard you correctly, before solicitation and outreach. And i just wanted to say that from our perspective, part of the shaping of the program and the size of the program will be in response to some of the outreach we perform. So, you know, as those prior surveys informed us, we expect that we will need to be talking with potential customers to understand if theyre still as interested in the program as they were at the prices we expressed when we last talked to them. Now that the board has told us to incorporate the security costs into the rates, now that were incorporating 20 discount for lowincome customers and recovery of those costs from other customers, the price is going
On item g and actually let me go at it one at a time. Item g, i would hope there would be a report back on what is found with the additional testing in san bruno and how that relates to the groundwater storage project on the west side. A point, mr. Richy, is that the usually course of business . [inaudible]. Okay. Thank you. And on item j, the extension of the joint Powers Agreement with bayshore, i understand the need for that because it appears that negotiations are ongoing. It would have been better, in my opinion, had that come before the commission before the expiration of the agreement at the end of september. So, if that were possible in the future, i just would prefer not to see retroactive actions like that. And finally, on item k, on the appointment to the sjta, which i did not even know existed, for bodies like that and other bodies on which members of staff or the commission served, it would be nice to get some periodic report as to what is happening, particularly in the ce