Commodities will join us. He sees a 40 rally in natural gas. Thats not great if you heat your home with it. He also expects a rally in oil. The northeast is bracing for a massive storm, folk. Could Hurricane Joaquin be another Superstorm Sandy . We certainly hope not but we are tracking it all for you. We begin with investors and theyre beginning the new quarter in the red. The latest disappointing manufacturing data from the ism is adding to the weakness. We have the dow down by 164 points. The s p 500 is currently down by 14 points. And the nasdaq off by 45. Were also watching very closely, folks, over the course of the next few hours yields on the 10year note because were sitting at 2. 032 . So close to dipping back to the 2 even mark, maybe even below it after that is m number. Bob pisani joins us from the floor of the Stock Exchange. Hey there, bob. Well, it started okay, mandy. We kind of gapped up in germany and in the u. S. Lets take a look at the s p 500. But that faded very,
Still running while youre putting in a whole new system speed well, im that we have had discussions and i think thats one of the reasons that the epa gave us, among others, a consultative role is a plant needs more times to retrofit under the mat standard. Even if you give them more time to retrofit, there will be downtime during the retrofit. So going to issues of electrical generation not existing in certain areas. The gentlemans time has expired. Im very sorry to say, youre not going to be the last person to ask questions. [inaudible] mr. Chairman . May i make an inquiry a few . I didnt get asked everything i wanted to, but i did know what had already been asked. What you asked to leave the record over a couple of weeks if we may direct questions . Absolutely. Yeah, we will have about the natural gas sector and Electricity Sector that no thank you mr. Chairman. Ir we will have it open for ten days and work with you to get the questions to the commissioners. At this time i recognize
They made an effort to make sure we had a 30 day turnaround to make sure it would be effective before we go into the really tight season this year. They deserve some things for that. On electric reliability we have an independent issue on the effectiveness of the antiwar the committee to be aware of the fact that we are looking at some potentially pretty tight situations. At the midcontinent independent system operator perhaps as early as the summer of 2015 but certainly as soon as the summer of 2016. Its something i think really deserves your attention. I know they are working heavily with the states to come up with solutions. We are happy to let them solve it a but the time is tight. They can tell you the numbers but we are looking at small reserve margins for the footprint and we recall that under the agreement they all share the surplus but they also share the deficits so if there is a regional deficit, the pain will be shared in terms of frankly rolling blackouts if it comes to th
Efficient in the late bigotry approach towards ruin regulations are in place given the process was in place by impacting tens of millions of consumers. It is my hope your commission will work with all parties to ensure all aspects of industry are taken into account in order to ensure current and future Energy Demand variable to be met. Its my understanding ferc is in the process of a holistic fashion in the set of markets in which it regulates. I appreciate the commission taking on this effort, but i have a few concerns are the cutest is to determine where the effort may lead than whether it may be unnecessarily limited. Chairman lafleur, what will they do what information is currently gathering in this proceeding . On the capacity markets, that is very much a work in progress going on right now. I think potentially an illustrative example is what weve done on gas electric, where we looked at a large number of comments from around the country and said, here is a large set of thing that