Signing of that phase one trade agreement later this week. Joining us is charlie from aerial investments charlie, welcome. Thank you for having my well, you have to go specifically s p 500, which is protectly where you want to be right now. Frankly its starting to get expensive for us they continue to run, but at some point growth will have had its day, and value still looks tractive growth does not look attractive to me at this point. Interesting to hear you say that mike san tollist pointed out that in many ways the market is right where it was in 2018 does it feel that way . Yes, different from 2019. Last year there was gloom, a lot of talk about trade wars right now theres not a lot of bad news i say unfortunately, because the best time to invest is when people are worried about things. Right now theres just not a lot to worry about in the meantime lets focus on the big were covering dave calhouns first day wilfred has a preview of the banks earnings, and mike santoli has the marke
Outdoor, there is not necessarily a life extension of the escalator. Like i said, if you worked the numbers, if you did not have to maintain it for 25 years, he would still be hard prelsed to break even on the price of the canopy. Okay, thank you. He wanted to respond from bart on his design and probably other benefits that we might not be thinking about. Would i like to make two programs. And it is responding to commissioner breed and then wrap up my presentation. Again, as the presentation indicated to having a canopy has a multiple benefit, it is clearly best practice and not invest by the california state code, and it is on the experience, and the safety, security, and then, reduce the liability of the agencies like in the wet weather and also, in the enhancement to the reduction of the maintenance intensity, and so again, we see this, this is a synergy and it is a part of the escalator, and Modernization Program and that is why, it is so eager to get this going, because our money
That, but maybe, i am off point here, but, to my mind, there is a difference between a maintenance contract and a Maintenance Plan. I mean, the maintenance contract with this, the cone may be a part of the Maintenance Plan, but i dont necessarily think that the Maintenance Plan, it is necessarily, you know, limited to just, you know, a maintenance contract. And so that. For instance, a question that i have is, what is there a document that outlines what it is, that internal and mp a staff, and the bart staff is supposed to do visa vie, the contractor. And so commissioner to answer your question to the best of my ability. The Maintenance Plan, so if we purchase any piece of equipment or renew anything that we have have it be a traffic signal or a escalator or a rail the actual manufacturer sets out what the Maintenance Plan is, you should replace this part every six months and you should check this component three weeks, so they established the plan within the document within the specif
To comment. Thank you. I have to say that the more that i hear about the canopy issue, the less i understand what the point of having them may be. And it seems like there is a difference of opinion between what the mta and bart is saying and so that is a concern. And so, i would ask that we figure out that we believe that collectively that there is a benefit to the canopy and given that even if there is no maintenance for 25 years, you know, the canopy will still be more expensive. You know, is that necessarily the best way to use the limited resources we have . And even if it is done through a pilot is that really the right way to go . So, i dont, you know, hearing, this discussion makes me less comfortable. I do have a question about the main nens plan. I saw in the packet that there was a schedule but i did not see a plan included in the presentation. That is correct that there is no plan that has been finalized . So, there is a so the scopes and the timing and when we will do maipt
Main nens plan. I saw in the packet that there was a schedule but i did not see a plan included in the presentation. That is correct that there is no plan that has been finalized . So, there is a so the scopes and the timing and when we will do maipt nens and how that works will be included in the contract and it does exceed the standard that sets themselves for these escalator and so our maintenance is higher than the recommended maintenance level and then scott broder here in the transit division, manages all of those contracts. For the maintenance of the escalators. I mean that i understand that, but maybe, i am off point here, but, to my mind, there is a difference between a maintenance contract and a Maintenance Plan. I mean, the maintenance contract with this, the cone may be a part of the Maintenance Plan, but i dont necessarily think that the Maintenance Plan, it is necessarily, you know, limited to just, you know, a maintenance contract. And so that. For instance, a question t