We have somebody here who can give us icnsight into all of tha dow futures look to be down 35 points part of what happened in the market was because of tenyear yields topping 2. 96 right now the tenyear is at 2. 926 the 2year at 2. 2 26 . In asia, the nikkei off by 1 . Shanghai is up about 2 . In europe, the early trading there, the stock markets there are mostly in the red. Dax is off by 0. 8 ftse is down by almost 1 . Barclays shares are up sharply despite the uk Bank Reporting a big drop in 2017 profits. Barclays says it lost 2 2. 7 billion once again why would that happen . Yep. They its accounting for the u. S. Tax overhaul. But also a weaker dollar there were some bright spots Barclays Says its pretax profits rose 10 customer deposits were up and its doubling its didividend. Jeff staley says he is optimistic about the future. There are a number of tailwinds. During the next year and half we will be retiring a lot of debt Interest Rates are in a much better position than they were
Im sure senator murkowski will be here shortly. As some people noah 7. 9 magnitude earthquake hit off the coast of alaska with northwest warnings issuesed for activities that were expected the warning for the tsunami waves have been recalled and no doubt im sure the senator is dealing with lots of things related to that. I want to thank our witnesses, chairman mcintyre and mr. Walker for being here and the staff people that are here and blade we are back in operation. So we look forward from hearing all of the witnesses on the subject of the reliability of the grid and its performance. Last year, secretary perry and the staff viewed the liability of the fuel mix and i was relieved when i saw the staff report in august which i thought was balanced. It carefully distinguished between reliability and resilience and introducing Renewable Resources rgs synthetic i inertia and frequency response and resilience metrics needed to be developed. Unfortunately, secretary perifiled the report as a
It was a good day. European markets have been reacting to the day we had on monday and, they are all losing to the tune of lets call it over 2 you can see germany dax have been particularly weak not just yesterday but last week as well. The german what they should be higher than ours, their central bank loves to try to take business. They have not reached those negative rates yeah. Speaking of rates by the way, it is such an enormous concern i guess of our markets as we watch the 10yr hits a 4 and 5 last week on job number on friday we backed off on the yield as you can see that upton pri o price. Oil, that hurts now, on our road map this morning. It starts with the global sell off and the markets around the world. U. S. Futures you saw it pointing to another big day of potential losses with the stock market plunging of just whats driving this decline and what are you doing to protect your portfolio. Well look at whats taking the biggest hits or find any bright spots thats out there it
Test test test test test captioning performed by vitac not only the operational aspects but what is needed from a market standpoint since they run the markets in respect to footprints as well. What is needed in a market sense to ensure that resources that are indeed contributing resilience benefits to our grid are properly compensated. Following up on that, both for mr. Van wheelie and mr. Ot ter, to weigh in as well. Data shows that new england was heavily reliant on baseload coal and Nuclear Generation during the recent cold snap. The data shows at the peak of the cold snap, coal fire generation accounted for 7 of dispatched capacity despite being 2. 6 of installed capacity in the region. Really called upon to perform. Additionally, Nuclear Generation accounted for 23 of dispatched capacity, despite only being 12 of the installed capacity. So isnt it fair to conclude when your region needed power the most, it was the reliable coal and Nuclear Power plants that were necessary to keep
Here shortly, and obvious knows that 7. 9 magnitude earthquake hit off of the coast of alaska and the Pacific Northwest with tsunami warnings for activities that were expect and warnings for the tsunami waves were recalled but i am sure that the sen or the is dealing with items related to and that other h issues. I want to thank the chairman mr. Mcintyre and mr. Walker for being here, and many of the staffs that are going to be hearing that we are back in operation. So we look forward to hearing about the sun jek the subjec reliability. And last year we looked at the reliability of the electric grid in light of the mixing fuel change. We have carefully distinguished on the issues of new items to have renewable renewals and also frequent response and also to adopt resilient metrics that needed to be developed. Fortunately when the secretary perry filed the report as a proposal to furk, i was more alarmed. It was the conclusion of the departments own staff, and it was a transparent attem