Trust us. The puc seems to be fine with that approach. Local governments lean j have serious concerns. Mayor sam liccardo referring to the may 30 decision by the California Public Utilities Commission to give pg e full discretion over shutting down power for as long as seven days as a way to prevent wildfires. Liccardo says hes worried the Utility Company might choose to over correct with black outs after causing last years devastating camp fire. The question is ultimately are more people being put in peril because pg e will be protecting its shareholders. Reporter in 2003 the northeast black out that affected new york, philadelphia and ohio lasted two days for some areas, two weeks for others and cost billions of dollars and claimed 100 lives. At least if they gave us a good amount of notice so we can prepare ourselves for it, then i guess i would be okay. What we are worried about in san jose are the many safety risks that a large regional outage would, you know, cause. Reporter pg e
In the meantime, back here at home, philadelphia cheered by immigrant groups as what call a sanctuary city, meaning limited cooperation with the feds when it comes to deporting immigrants. That could change before mayor nutter. The man who signed the office leaves office. Lauren mayk joins us live from city hall to explain the controversy. Possible move isnt making the mayorelect or immigrant groups happy. Reporter good evening, keith. The remarkable thing is its happening less than two months before the new mayor takes office. I spoke with him today and he tells me he encouraged the current mayor not to do anything on this yet, but if he does, he told me what hell do. When the irish came here, they crawled off ships without papers, they didnt have documents. They crawled here because they were starving to death. Reporter jim kenney is quick to talk about his own Irish Heritage and the immigrants who came before him. The man who will be philadelphias 99th mayor. Nobody wanted us here e
Youre watching Market Makers. I am alix steel. Golf fan, buthuge i enjoyed playing the game. You got to sit down with tiger himself. That is pretty cool. And rory mcilroy. He could have a career grand slam. He is only 25 years old. Things inputting perspective. We will have that whole interview in the show. These are the top business stories. Home depot rose today. The biggest retailer in the u. S. Beat estimates. They also raised the fullyear forecast. Consumers are spending more on a renovations. Bhp will spin off into another company. They weresays expecting a buyback for shareholders. There was some disappointment. James shirov has died. At Price Waterhouse coopers. He was also a lead director at goldman sachs. A why is there such disconnect between Housing Starts and homebuilders. Homebuilders of not been this optimistic in years. Brokehows that they ground on 1. 1 million homes in july. That is two thirds of the average between 2003 and 2007. Michael mckee is here to explain why.
Exclusive. Some of the biggest names in bank arrange at the global summit to rethink banking models. No small topic on the agenda today . Yeah, the future of finance and there are some big, big questions. We talked a little bit about credit provision. When you compare and contrast what happens heres have in the United States. You look at the United States, some of the big fines imposed and there is a risk of regulatory overreach. Are these banks becoming overwhelmed . Something that doug also flint talked about recently Douglas Flint talked about. Ill be talking with him and then i have Andreas Dombret of the bunde bank. Well talk about his role on the supervisory mechanism. We have to be clear about this. What are the difficulties here in the eurozone . I know he has something to say on what he calls reform fatigue. Look at for that one, anna. Interesting when you consider just how much banks are spending and should be spending on regulation when we have witnessed some enormous fines
For a hundred reasons, but i think ive got the one that people understood is we bought l. A. Beach front, not seattle beach front. And ballmer gave out his email address to 4,000 plus fans that were in attendance. Were going to talk more about sports later in the hour. Also coming up, our dom true. He sats down with rory mcilroy last night. It was a busy need for rory pep appears on the tonight show. Tiger, will you be be my coach . Yeah. Im hitting the ball to find out for you. I love it. Youre my caddie. This is the best thing ever. Theyre in new york for the start of the barclays and the fedex cup. So a little bit of fun. Ive seen that interaction before. I guess he doesnt remember when we used to jump around like a monkey. Same act with microsoft and the stock prices stuck at 25 for like 16 years. If you buy a team, thats not really a new job. Its a team. His job is sitting on the floor and having starlets come up, dont you think . Yeah, you buy a team you want it to win. Hes a sal