Welcome, everyone. Good afternoon to the january 23rd meeting of the San Francisco Public Utilities commission. Madame secretary, role call, please. President kwon, Vice President courtney and item three . Item three is approval of the minutes of january 9, 2018. We have a motion for that. So moved. Ok. Second. Any discussion, commissioners . Is there any Public Comment . In all favour . Ae. Opposed . It passes. Item number four is general Public Comments. So members of the public may address the commission on matters that are within the commissions jurisdiction but are not on todays agenda. So, do we have any folks from the public who would like to come up . Ok. Item five. Item five is communications. Any discussion, commissioners . Any Public Comment . Item six. Item six is other commission business. I have one item. I just i know that were in the midst of budget hearingses and i just wanted to make sure that the Green Infrastructure offline meeting that we had requested will happen
These are your markets and we see a little pullback when it comes to european stocks, down by 0. 2 . S p futures gaining 0. 8 . The further correction we saw overnight is putting a little bit of anxiousness out there on the market. We spoke to a lot of market artisans and they say, look, it is too soon to see if the situation will stabilize. We will look at the opening of the was market to see if there are any tensions there. Its just too soon to make a call on whether or not the markets will be quiet right now. That is what we will discuss throughout surveillance. We will keep you updated on all the action throughout the morning. Plus, we speak to Iain Duncan Smith about how long theresa may can hold onto power. We also have an exclusive interview from milan. And later on, we hear from the chief executive of loreal. First, to the bloomberg first word news. U. S. Senate has passed a budget bill. That is as lawmakers seek to end a partial Government Shutdown that began at midnight local
Credible. Global news 24 hours a day. Powered by more than 2,700 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Bloomberg technology is next. I am cory johnson in for emily chang and this is Bloomberg Technology. A closearkets come to finally and thank god u. S. Stocks gaining on the day. The big tech names were the leaders on the downside and on the upside. We will take a look. Libor scandals. A look at bloomberg settles. The highstakes lawsuit against waymo. With amazon. The giant stepping up plans to create its own delivery business, leaving ups and fedex behind. What a day on wall street. Stocks finishing higher ultimately. Down in the last hour. More than 1 across the board. Tech Companies Leading some of the gains. Anyones guests for what can happen. Friday with so much volatility, it is turning out more than 1000 points today. Amazing to watch. A massive decline earlier this week. This is the biggest weekly losses of the year and going
The chief of staff, john kelly, has not offered to resign after an abc news report said he wakeed to step down in the of the rob porter scandal. Reportedly fought to keep him on the job despite the accusations reportedly fought tp of spousal abuse. Porter resigned this week. A person familiar with the matter said in a meeting of subordinates on friday, kelly encouraged them to spread the word. Global news 24 hours a day powered by our 2700 journalists and analysts in more than 120 countries. Crumpton in new york. Bloomberg technology is next. I am cory johnson in for emily chang and this is bloomberg technology. Coming up, a volatile week in Global Equity markets come to a close. Finally and thank god u. S. Stocks gaining on the day. The big tech names were the leaders on the downside and on the upside. We will take a look. Plus, uber settles. And amazon is stepping up its o create deliver tw its own delivery business, leaving ups and fedex behind. First, what a day on wall street. Sto
Update that well provide you in march. With that, im happy to take any questions. I have a question. How are we going to absorb the 27 reduction in revenues . The programme has sufficient reserves to cover this. And as i mentioned, it is about 137,000 on an annualized basis so our programme reserves will be sufficient for that. Like i said, well when we adjust rates for the upcoming fiscal year, well make sure to look at both green rates and super green rates to see if they need to be adjusted based on the rate proposal from pg e. Ok. Something that comes to me, i can see this spiral going that we have to always stay competitive to pg e. But theyre larger and bigger and i just would like to have your feelings in terms of the future and how we can withstand these reductions. Yeah. I think that this will be something that well need to take a look at as were working on the next set of rated adjustments for basic green power. We need to make sure that it will be very competitive. We contin