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than 500 businesses and 4300 other buildings. just shocking numbers. pg and e s ceo resigned sunday. the company said it plans to hire a new chief executive with extensive operational and safety expertise. the utility stock closed down 52%. the big question, can it go out of business? technically yes it can. will it? no. why? well, it would be disastrous for california. pg and e provides the only pipeline that carries electricity and gas to 16 million customers in northern and central california. california cannot let it go out of business and cut off that supply. just a really tough situation. jamie oyme closs personal account appearing in a complaint against her admitted kidnapper. she woke up to the sound of her dog barking, her father went to investigate and she tells police that she heard him get shot.
returning. california utility stock tumbled after a report it may go bankrupt. pg and e could be responsible for its potential role in the devastating camp fire last year. pg and e has indicated that it does not have the case or assets to pay close to that amount. reuters reports that the utility which provides electricity to about 16 million californians is could be templatie i contemplating filing for bankruptcy protection. the stock closed down 22%. and the cause of the camp fire is still under investigation, but pg and e has suggested it may be responsible. employees discovered damaged power towers minutes before the camp fire broke out. a class action lawsuit accuses the utility of negligence and poor maintenance. according to the california
three years are going to go higher a lot to do with interest rates being relatively low compared to stock prices. stay fully invested in your 401(k). clayton: we hear about blue chip stocks, the big companies, the general electric, those big companies that are always, they re always going to be strong no matter what, weather any sort of thing. you say buy utility stocks and big company stocks that pay dividends. first of all if interest rates rise, that hurts smaller stocks than bigger companies. stay to bigger companies, utility stocks are the most undervalued sector in the market. in any 401(k). if you have a utility stock or a fund to buy. i warn you get out of your small growth funds. those are going to get small growth funds get out of. when you say utility stocks it that s over somebody s head, give us an example. typical utility stock might be, you know, edison, you might have a dominion resources, those categories,
don t get out. never get out. people never know when to get back in. stock prices next two and three years are going to go higher a lot to do with interest rates being relatively low compared to stock prices. stay fully invested in your 401(k). clayton: we hear about blue chip stocks, the big companies, the general electric, those big companies that are always, they re always going to be strong no matter what, weather any sort of thing. you say buy utility stocks and big company stocks that pay dividends. first of all if interest rates rise, that hurts smaller stocks than bigger companies. stay to bigger companies, utility stocks are the most undervalued sector in the market. in any 401(k). if you have a utility stock or a fund to buy. i warn you get out of your small growth funds. those are going to get small growth funds get out of. when you say utility stocks it that s over somebody s head,
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