Commissioner moran mentioned. The other thing that bag says is they need togiven cra is projected to continue to grow that the investor in the utilities need to be cautious in their acquiring of assets that they know in likelihood might become stranded. Yes. Along those lines pacific gas and leckric when they applied to retire deoblow canyon rsh they think it is wise to retire is because the expansion of Community Choice aggregation and wont need the output of that plant to serve bundled utility cusmers. Thank you. I have one other item that is the rates item to address if i may. Please. So, i have been filling you in that pg e was making filings at the california pu c to modify their rates. When i last mentioned this at our december 10th update where we talked about projections of what those rate changes would be. Pg e said they would increase rates. You may have seen in the news they did on january 1, so pg e increased the rates and expect the impact to the hetch hetchy customers to
[inaudible conversations] [inaudible conversations] cement the will to lead but to the next cabinet lovell, bernie confirmation been delayed to start by thinking the senior senator from texas to be fair to speak on behalf of the nominees. Also the fellow Committee Member from West Virginia prepared to offer introductory remarks for a a warm welcome to you and your family your willingness to become our next secretary of energy for. I enjoyed flu at federal of learning more about your leadership in texas and your accomplishments in the area of energy and environment. I love riffled will withhold any comments texas side is verses alaska size and i won. [laughter] we know you lars seeking half to lead had an interesting and critical time helping to make our nation a Global Leader of research and development encouraging scientific exploration to foster innovation. And with those laboratories but the greatest asset those that dedicate not just to their careers to those toughest challenges th
To reasonable policies. Francine good morning. This is bloomberg surveillance. We have great guests. We will be talking dollar, pound, and some of the greek bonds. First things first. Thats check in on your markets. This is the picture. Banks in the u. S. Yesterday leading the rally, as janet yellen, with her comments yesterday, seemed have buoyed equities. A lot of banks in europe are still gaming. 1. 6 for the industry in europe. Stocks in general are gaming. A next bag in terms of earnings. Lot has been playing out on the currency markets. Chinese stocks in hong kong jumping after record new credit fueled optimism for strength of the chinese economy. Lets get straight to the first word news. Here is nejra cehic. Trumpsides to donald president ial campaign had contact with russian intelligence officials according to the New York Times citing former and current officials saying intercepted calls show repeated contacts with senior russian intelligence officials in the year before the e
Welcome to bloomberg day break europe. m anna edwards. Manus five years have been defeated, we went behind the data and had a look at a couple of different things. 5, 6, 7. Line, b. T. B. The blue line shows were expanding. Eres a satellite out there, two billion observations, so this space view of whats really going on in the economy. You may be trading less with china but the cost of goods in china is rising. Thats the key message over the past 24 hours. Anna yesterday we were worried about china, today seems to be about stabilization in china. You can see how this better data in china is having an impact. Its bouncing up. 4 . Thats the china story as is the sell were selling of the yen down around a third of a percent. Yesterday the yen was up on concern of export, today the yen s dun buzz of stabilization. Manus everyone comes up with the cliche, its more about Dollar Strength than yen weakness but these two indicators are about a proclivity for risk. The thai bhat there, it advanc