Okay second panel. Are you ready . Just like before start out with Opening Statements from all the panelist followed by questions of members. I recognize thomas. Hes here on behalf of the electricity sub sector coordinating counsel. You have five minutes for opening statement. Thank you. Thank you for inviting me to testify today. My name is tom fanning. I am the chairman, president and ceo of southern company. Also the immediate past chairman of the electric institute. The association that represents all u. S. Investor electric companies. However im addressing you today in any role as one of three cochairs of the electricity sub sector coordinating counsel. We clob rate with colleagues from public power utility and Rural Electric corporatives. Im pleased to address the subcommittee and share the steps the electric Power Industry is taking to make Energy Infrastructure smarter and resilient. Allowing us to continue delivery affordable and reliable power. The 2017 Hurricane Season highl
Galaxy note 8. And uber may be on the right road with losses. It is now a mere 645 million. A reminder to our viewers on what happened today in the u. S. , you have to remember what happened last night. You guys were still trading in donald trumpsident said this. President trump we have to close down our government, we are building that wall. Let me be clear to democrats in congress who oppose the border wall and stand in the way of Border Security. You are putting all of americas safety at risk. Betty Republican Leaders sweating bullets after the comments. That hit the markets,. Today, risk off. Right after trade, you had mitch mcconnell, the Senate Majority leader who had been rumored to not have spoken to trump for weeks, ane, he is working with the president. They are going to Work Together on tax reform. Trying to alleviate the market, that this Government Shutdown is nowhere near happening despite what you heard from trump. Betty is increasingly casee is increasingly the the you
Its down 1 . Shanghai is down close to 1 . We are getting news out of reuters japan manufactures may cut profit targets. That is certainly a story that the market is watching. Heres whats happening in europe. The ftse 100 in the uk is the only average that is positive although only by about. 10 . Good morning. Well get to politics in just a minute. Starbucks missed forecast for the Third Straight quarter. Customers making fewers visits. Earnings matched estimates, but revenues fell short. Changes to the Loyalty Program and happy hour weighed sales. Also cutting annual sales growth target to 10 . Chipotle experienced a drop. Free food and Safety Measures failed to bring consumers following several food born illnesses last year. Dow components is set to report this hour. Well bring you the numbers. Thats about 6 30 a. M. In about a half an hour. All right. Scott. Good to see you. Thank you for being open to the early wakeup call. Get through this together. If we were up late. No better w
showers this morning are light. a huge batch approaching the coast that pretty much fell apart. what is left of is t is happening right now. showers over st. Pete, hillsboro and a sprinkle over parts of southeast tampa. the Northern County showing a couple of other isolated hours west of Hernando County. here is what is headed our way a stronger complex of storms moving very quickly from west to east and by midday in our coastal counties, we will see the first chance of any heavier storms. temperatures this morning are high. cloud cover high as well. 63 in wauchula, 70 in tampa. 72 in st. Pete. brooksville at 66. crystal river, 6 had. and leesburg at 68. here is the deal, round one moving through now. just spotty showers. but round two, a stronger complex of storms as you get this little impulse of energy in the atmosphere raging from west to east. this complex will bring us the storms but possible strong to severe storms. i think the time frame will be 11 a. M. To noon in our coastal
No, that actually was good for the market t. Dow gained 126 points t. S p climbed 4. 6 . Nasdaq advanced 0. 4 . How did these terrible things suddenly become good for stocks . This market is trying to find a footing where it doesnt go down every day and segments hard hit can be ready to rally. Its finding its footing in all the wrong or ignorant places. The fed kept Interest Rates low. Banks need higher rates to make more money after your depositles. The stocks got dumped. It doesnt matter at all to people that the banks were actually quite doing quite well here in the u. S. That its got more robust lending than anywhere else on earth. We learned last week when john stumped the ceo, wells fargo came on the show. He made it clear it was excellent t. Stock got hammered. Big money matches, what do they want . Lending is a risky business. Even if you are wells fargo, which is an amazing sir couple spent lender. Nope. The stockmarket prefers its fool proof when the banks take your deposits