Ways vehicles can become more energy efficient. Representatives from General Motors, toyota and center for Automotive Research. The committee will come to order. A little unusual to be here at the Convention Center for an energy hearing, but i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show surrounded by the latest and greatest the Auto Industry has to offer. I am joined this morning by senator stabenow from the great state of michigan. She tells me while the washington auto show is good, the Detroit Auto Show is great. That might be the rlocale next year on the same subject. I appreciate you sitting in for senator cantwell. I understand senator manchin will be with us, but i want to thank the city of washington and the National Auto Dealers Association that puts on the show every year for helping us coordinate the hearing. The host of technologies that ha
Institute, the association that represents all u. S. Investorowned electric companies. Im addressing you today in my role as one of three cochairs of the electricity subsector coordinating council. We collaborate closely with power utilities and cooperatives on the escc. Im please today address the subcommittee and to share the steps the electric power is taking, allowing us to continue to deliver affordable and reliable power. The 2017 Hurricane Season highlights the critical importance of cooperation and coordination among Utility Companies, the government and other key infrastructure industry to assure fast, efficient recovery for customers. The electric sector faces constantly evolving threats to the energy grid. The industries Risk Mitigation strategy emphasizes a defense in debt approach. We focus on preparation, response and recovery with emphasis isolation of and enhanced protection of critical asset. While this hearing is focused on storm response and recovery, our companies d
Where does kkr see value in the market these days . Head of global Asset Allocation will join us, saying there is opportunity in japan and emerging markets. About 30 minutes into the trading day in the u. S. Abigail doolittle is here to give us a breakdown. Abigail ge is dominating. Right here with the major averages, looking downsides and the lows following last weeks bearish trading action. In. Sellers are stepping when you put it together with bitcoin and highyield credit, both considered on the far yen far end of the risk premium relative to the s p 500 has done something not done until august. Moving back below the level. Turning now to ge. Looking at a intraday chart of ge. Has been allock over the map. The news came out that they are cutting the dividend to . 12 per share. The second time they have done that since the great depression. The stock could trade higher than 2 and then fell off a little bit. As news came out that they were divesting in assets and cutting the board fro
They suspect links to international terrorism. It is 8 00 a. M. Across the emirates. Im yousef gamal eldin and by in dubai. Lets have a look at markets. More momentum as we made our way across em and to china where we are getting a decent bit of cross market. Especially when you look at the smaller markets. I talked about vietnam. Indonesian stocks topping another record high. Yousef in this part of the world, were just under two hours away from the emirates market. Dubai and abu dhabi at 10 00 a. M. Local time, there was some Downside Pressure from the lawyer oil price and hitting it hard. Down 1 to industrials and materials. Space beingfected consumer discretionary, down 1. 2 . Interesting what is happening over in kuwait. We are seeing a lot of buying from local investors in particular. We are watching where oil prices are trending. Rent has not recovered inventory reports showed a continuous builds in the u. S. Supplies. Pressure. This is the interesting one because there is still
August ppi unchanged and oil down more than a dollar has goldman says its bear case for crude is 20 a barrel. Futures in the red as we look ahead to the fed next week. And the new oil order, goldman gets bearish on crude prices. And kroger out with results of beat. The stock is moving higher in the premarket. First up, Oil Prices Falling after goldman put out a note saying the Global Supply glut could push the price down to 20 a barrel. Cheaper gas offsets the price of your food. Futures are getting lower as we wrap up a volatile market week. And david tepper said hes not as bullish as he could be on stocks. Im more bullish. Its valuation. Today the stock market on, call it, next year estimates is 15 times earnings. The earnings yield in the stock market is something approaching 7 . This isnt a 2 slightly more than a 2 tenyear environment. Thats about the widest spread. You can earn a much higher and the expectation over time should be that the equity yields will increase as Companies