Crystal clear. We failed to predict and plan the shortages and thats simply unacceptable. Youre frustrated and irate governor newsome demands an investigation. Into weekend power shut off his millions of californians had to deal with sweltering heat. Governor said that the agency failed to properly. Brace for the Current Energy shortage in subsequent power disruptions. Leaders from cal iso though firing back saying they constantly warn the Public Utilities commission that power shutoffs could happen saying the situation could have been avoided. The regulatory authorities how the grid operates. People to do a lot of Different Things i guess what i have to do a better job of making our voices heard through all of that. The Public Utilities commission has not responded today. The governor also signed a proclamation allowing utilities and other energy users to use backup thats amid a record heat wave that is scorching the state this was the first time cal iso ordered rolling blackouts in s
Perfect sense. But then there are days like today when i cant take how stupidly bullish this market can be the dow gaining 164 points nasdaq climbing 0. 35 . You often hear people saying that the whole things been manipulated. Its a desperate Federal Reserve and its a scared powell and its President Trump winning the election no, the feds just doing its job. And if the white house wanted to juice the stock market, dont you think they already wouldve cut a deal with the democrats on the next round of stimulus see, there is a much simpler explanation. I call it clueless buying. I always say you should never underestimate the wall street promotion machine. But never underestimate the power of enthusiastic buyers who do not know what theyre doing they know nothing some people accuse me of taking the thing too far. They say im not willing to call people out for being morons that are more likely to put retire clorox ceo than i am to put a departing Ceo Jim Hackett on the wall of shame. They
The auto sector. Ford and nikkola news coming your way just about to flat line with 59 minutes left in the session. We have a big lineup of ceos coming up on todays show. Dan rosensweig on the back of cheggs earnings it is a moon shot. Then the head oof another stock that has been on a terror, henry ji, ceo of Sorrento Therapeutics and its a huge earnings news, disney, nikola and well speak with the ceo of ww right after the numbers hit. We have 58 minutes left of trade. Mike san totoli is tracking act and phil lebeau. B mike, start us off with the Broader Market it is flat. We alternate the days between when the indices look better than the majority of stocks and days like today when the indices are doing nothing but holding near the highs take a look at the s p 500 here we are on a year basis. You have the pop and turn pattern. You pop above the highs and then chops around right now were above that june high 3350 or so would be a 50 rally off the closing low for from 23rd that is 19
Created a new City Department to take over the duties. Our coverage, dan thorn live for us tonight in berkeley he joins us now with more on this idea. Dan. Well they can grant this proposal centers around the idea of essentially re imagining Public Safety. The mayor and City Council Members are proposing that Police Officers focus solely on solving crimes as opposed to handling traffic situations and they believe this could save the city. A lot of money as well as limiting the number of negative interactions between Police Officers and people of color. A new progressive proposal in berkeley could ban police from enforcing traffic stops the move being considered by City Government would instead create an unarmed civilian division to handle the job, you know the calvary trying to cut co sponsor of the proposal Council Member ben bartlett would like to see changes to Public Safety in his city. Bartlett believes a new department of transportation would be better suited then police to take
Business on the sidewalk over there. But the mayor strongly feels the city should have authority over public orders because the berkeley has its own Public Health department and the case count is far lower. Then the rest of the county. I respectfully disagree. But the states decision i think its going to really burden or Small Businesses and neighbors alternate places their jobs. I think its going backwards. Berkeley mayor Jesse Arreguin speaking out at a virtual town Hall Saturday against the states guidance banning Outdoor Dining in Alameda County or fiction writers under like some of our other neighboring jurisdictions and so i think you know we should have the ability to be able to make our own decisions about. Orders city manager Dee Williams Ridley says berkeley will be reaching out to state officials to try to obtain its own variance to allow Outdoor Dining but in the meantime we are going to have to comply with that order we are hoping that this will be a very short temporary h