Track, you have to build your own system to distribute your own electricity to the city and county of San Francisco. Get rid of pg e altogether. How many more examples do you need to demonstrate that pg e is not dealing in good faith, and by the same response never had intentions of reaching a legal agreement on this matter. About this contract agreement that you referred to, in may, if that contract was signed by pg e and they made a deal with the city, that is a breach of contract. If they pulled out and did not keep up their end of the bargain, understand me. That is an additional lawsuit that should be filed against pg e. Pg e has been busted by investigator that showed that well over several years ago they were told about their defective equipment and the electrical wires, and the electrical poles could cause a fire hazard. They did not do a damn thing about it. That is further proof. A minimum of 89 people have lost their lives in that fire, that took place, on the other side of
[inaudible] reform of the United States house of representatives. Good morning. May it please the court [inaudible] private financial records, foremost, in many cases, have rules to name president. [inaudible] do you dispute that the House Authority . But it has the power to issue a subpoena, the house itself . Not the constitutional power. The house itself. Your argument sounded to me all about the delegations of the committee not being explicit. The house itself did not have you just said the house had to be explicit that it was giving to the committee. Right. Im sorry [inaudible] could have subpoena power. [inaudible] yeah. Im sorry. On your first nonconstitutional argument, but set aside, im taking, given your issues about within the legislative, but just to understand im trying to understand your statement and that is, yes, the house itself could issue the subpoena and would be over so the house has it and whether it gave it to the committee . Correct. [inaudible] whether the Comm
Breakthrough with the u. S. You dont get security by praying for it. You must invest, you must do what is necessary. And the europeans need to take the necessary action. The United States has, in my view, shot itself in the foot by withdrawing. Matt welcome to bloomberg surveillance. Lets check in on the markets right now. Here in europe, we see drops across the board. Not as steep as they were at the , but you can still see the stoxx 600 is down. 3 . And some of the individual or regional indexes are down further. The dax, for example, down. 6 . Down, as yous are would expect, with a big drop in netflix in overnight trading. Netflix said u. S. Users actually shrunk, shocking the market. Dragging on and adding to an already bad earnings picture. The u. S. Dollar is down. 1193. 55 and other currencies, especially the yen, are getting momentum. Coming up, we speak to the chief officer of a lecture looks electrolux. There are a slew of earnings coming out and it is moving the needle. Lets
The same this year what were hoping for, as you go into 2020, is that perhaps 5g starts to be a catalyst for the shares, but youve got to get through the cycle first. What happened to the last half year we spent talking about how services and wearables will make up for whatever weakness there may be in the classic cycle . Yeah, and that hasnt been our call and the problem with the services is that its just too small as a percentage of the total. So services, as one of the examples, you would have to add, for the video service, about the equivalent of ten netflix to offset what the loss you know, the decline in revenue from iphone over the last year so it just gives you a sense of large numbers, because iphone is so large that puts a little context around it. Mike, i mean, apple is trading lower today, but so are the other f. A. A. N. G. Names, as well is this one of those scenarios where we need to be talking about more about the impact that f. A. A. N. G. Has on the Broader Market to
Welcome to daybreak australia. Markets have just come online. We are counting down to asias Major Trading opens. The top stories this hour. Asia set for a weaker open after another hot u. S. Inflation report reinforces bets the fed will not be rushing to cut rates. Oil hitting a high. Energy markets kicking off a cyclical upswing. We hear exclusively from the u. S. Ambassador to china Nicholas Burns about the bill to ban tiktok and curbing beijings access to hightech chips. The Peoples Liberation army will take advantage of that technology to strengthen itself at the expense of the american military. We are not going to do that. We are not going to compromise on National Security and we are not going to negotiate. Lets get to the friday fray as markets come online. Looking like a mixed picture as we head into the final trading session of the week. A bit of weakness, quite apparent when it comes to the start of trading in sydney. The staggered start, a quarter of 1 lower in the first fe