Dow having a pretty good day. Its the Big Industrial names that would be more impacted by an economic slowdown of any sort of magnitude. Intel is holding up today ahead of the earnings. Chips killed lately. Those are the next best performers out of the dow today. I would suggest thats much more important than a chevron which is towards the low end sliding on oil. United health is a Big Hedge Fund trade and maybe selling there. Cocacola, staple. Home depot is a bad performer today and downgraded. Jpmorgan off the earnings. You raise the point and one the need talk about with the group coming up here but to what extent is pressure on the hedge funds writ large responsible for some of the market declines we have been seeing . I looked this morning and you saw even in the face of an up market that a lot of the most Popular Hedge Fund names were down and suggested they were selling the name and when the overall market bounced they got a bounce, too. Remember yesterday things looked decent a
She joined us in january. She has a really rich of history of campaign work, working inor electoral politics and policyja and research and she was the perfect person to take over from pillar. Im delighted to call you up. Thank you. [applause] thank you, donna. Im really lucky, i guess depending on your perspective maybe really unlucky who is the person to gets to present results of an effort which donna said was conceived of and carried out by a large team of people, many who are here today, many so of whom i think are up all night getting our website and other assets going. I really appreciate your work and second donnas thanks to all of you. Today i would like to do three things. First im going to talk about what our research revealed. Second i offer preliminary thoughts about what it suggests. Third, i will talk a little bit where we might go from here. But to start, lets look at a short video we put together, if i can operate this. Have you ever wondered what does america look like
A danger to our citizens and our communities. Secretary fox announced the rule making for the safe transport of crude oil in july of 2014. Were still waiting for those final rules but the longer we delay, the more that lives are actually in danger. And those standards call for tank cars both retro fitting old cars and building new ones for tank car thickness the length of time how long the shippers have to refurbish or build new cars and the speed and routes which these trains take, all of this is in this rule making. I think its critical for us to get some certitude in terms of what the new rules are going to be. So mr. Brown, and mr. Lonegro, just a question to the two of you. About a year ago, jenese whoa eming train carrying 2. 7 million gallons of crude oil derailed in alabama, derailed and spilled oil all over the wet lands. I want to ask to see what your company is doing to make sure that is not happening again. And last year a scx train auto derailed in virginia and spilled 30,
Of rights, its important. They cannot be taken from an individual. These are natural rights. An unalienable rights. Eq un they werent given to us by the government. Its an important thing to remember. We must be engaged to help all people. Particularly the fifth and sixth amendment. Thats why it says the fifth amendment, weve got to make sure before we take anyones life, liberty or property, you have to have a due process of law. The sixth amendment guarantees the right to defense counsel. We need to remember that as we work in the coming months to try to fix the system thats not working now. And i dont need to go4l into the over criminalization issue. Youve heard it here today. Youll hear more of the impact it has on everybody across the board. And i want to talk just briefly about why did we come to the table . Why Coke Industries . Heres the story. Many years ago, our employees met with the texas tate environmental regulator, disclosed inaccurate report filed and that we were out of
Talking to the folks who have been helped recently in cleveland, a guy named melvin in and out of the system five or six times. Obviously, he had a tough time holding a job, has an addiction problem, hes been clear now for four years. Because of the Second Chance act, he not only had the opportunity to get some help, but, also, job training, hes got a full time job. Hes a supervisor in a kitchen. Most important thing of all, he has a home. And in his home, he has a daughter who he had washington has played a key role in the last ten years of privilege bringing up the awareness and helping to leverage a lot more activity at the local level. Often, this is going to be addressed in a successful way at the community level. And i dont mean a state level, i mean, like, the district. People understanding that this is not just about saving taxpayer money from incarceration, which it is. And republicans take note, in is about fiscal conservative. Its not just about pure crimes in the neighborho