About their role there seems to be some debate about this good morning, welcome to squawk in the street im carl cantonia. At the cnbc, they are delivering at the conference in new york city that was sec jay clayton as you saw. Moments from now, kobe bryant, the basketball legend quickly becoming an investing legend we will talk money in sports, futures in a tirade full of economic data. Of course, delivering alpha. The big story today, a number of heavy hitters at the investors summit a pretty good discussion about the nature of our Capital Markets these days yeah, i mean, look, one of the things we are all trying to figure out is in relation whats going on with the fed, whats going on with business as a force of change. Thats something that andrew is bringing up. Bring up at the Business Roundtable which is very interesting. Its a month or so already right things have Securities Exchange commissioned. Im curious to hear what mr. Claytop had to say. Thats what people buzz with me to fi
Todayreasuries are posted closed today because of labor day. If you are americans watching us, happy labor day. This is the picture for eurodollar. 1. 09. Have the german figure a short while ago that was worse than expected. The european stoxx 600 gaining but it is all about the trade war. Up, we speak to the chief economist at 10 00 a. M. London time. Lets get to first word news. It is Sebastian Salek. It forced 185 mileperhour winds and could top 23 feet. It may leave the islands devastated. Uncertain if dorian could hit makeda on my or not landfall at all. Argentina has imposed capital control. Corporations will require centralbank authorization to buy dollars in the fx market fx market. The president is trying to stem the growing economic crisis eight weeks ahead of president ial elections. Thelor Angela Merkel euro skeptic alternative to germany did not make a breakthrough in local elections. The result may save prices in berlin. Saudi arabia is putting its portfolio into two min
It seems like again, to see if im following that, can you go back one slide . It seems like both the pg e charge Delivery Charge went up, Power Generation charge went up, and the pca went down. That is correct. Why did our generation charge go up . Our generation charge is based off of we look at pg es rate. If you go back to our rate setting methodology, on page 5 of the presentation. Nothing has changed in our methodology. If you remember, we are starting off on component one from pg e is a generation rate. We are applying our Percentage Rate discounts. And then applying the pci a charges on the franchise fee surcharge to get to our cleanpowersf generation rate. The new components that you all included in the ratesetting methodology, that allowed us to remain competitive, knowing that our rates are determined off the final pg e rate. And now what we know today. Pg e customers and cleanpowersf customers are both going up approximately 4 . We will still be a little cheaper . Correct. A
The week as a whole for the three indices. Road map starts with 30 minutes after the jobs number, good news is bad news again. Over 200,000 added in the month of june. That has stock records in the rear view mirror as data may ease pressure on the fed to cut rates. Futures in retreat, moving sharply lower to start the morning. While the u. S. Is on holiday, europe took out the elegant gun on big tech. Both parties in the uk back to target big tech and france moving forward on attacks on the likes of facebook and google the employment rate ticked up to 3. 7 as more people entered the workforce. Wage growth slowed a little bit in june, but remained at 3. 1 year over year for a second straight month perhaps more importantly, though, we did see average Hourly Earnings 0. 2 versus the 0. 3 expected. Mike, your take on this as to whether it really alters the chance of a 25 basis point cut in july. Not very much it injects a little bit more uncertainty than probably traders were hoping for to
They have instituted and been approved by the c. P. C. To move forward with the Public Safety power Shutoff Program where they made Power Transmission lines during certain climate conditions and weather conditions to decrease the ability of fires starting. As noted, the c. P. C. Approved this adoption of the guidelines for this as a preventive measure against imminent and significant fire risk. San francisco is consider add tier 1, which is the lowest risk for fire, but the transmission lines run through the east bay hills and up the peninsula. Those both are tier 2 and tier 3, which are higher risk areas. Turning off either side transmission lines, either south or east could lead to blackout conditions in San Francisco. This loss of power outage could be 24 hours and potentially longer. D. M. And other agencies have been taking steps to manage for the consequences of these potential power outages. Last week, we had over 120 participants from city departments that came together at bill