so tbi bic, and city cio. do want to mention miguel was traveling today so not able to attend but he looks forward to attending next session. >> commissioner walker: so, we are on track. are we going to be getting 80 assessment by the next meeting i think was was in june or something? >> testifier: yes. the track we are on now i'm anticipating the full report will be available. if there wants the added to the june agenda public comment is closed. >> commissioner walker: it would be great to get it in advance we can review it rather than on the spot. as soon as we could look at it. and maybe >> testifier: certainly, i can send you something >> commissioner walker: perfect. >> president mccarthy: so what say you have enough time in june you'll come to us with except seven recommendations? >> testifier: it. the intention would have gotten to come since they do the analysis and make the findings and recommendations, to have them do a presentation. and review the content and then field any questions that you have.

and its effect more on the dollar than equity markets. >> thanks for that wi, wilfred. let's bring in tim courtney who is cio at senior wealth adviserers joining from us oklahoma city., good to have you with us. as wilfred was pointing out a bit of a quiet day yesterday. is this the way it is as we get more clues coming from the fed? >> yeah, i think so. the earnings have been weak. this first quarter was very low. the market expected that to be low. but we're at an earnings level in the s&p 500 that is about the same level that we saw in 2012. so earnings have been weak, especially coming from the energy sector but that was expected. so, i think until we have more information from the fed which we would guess, probably they're not going to be as aggressive as maybe -- as maybe it's been made out to be. but that will definitely give some clarity. but the earnings are certainly not moving the markets higher at this point. >> so the earnings already not very inspiring. you're talking about the fed, if we get a surprise to the stronger dollar could be for the next quarter, is that right? >> that's right. the dollar is having some effect, especially on the overseas earn

and continuing to develop, provide a very low beta, traditional alternative products. erik: great speaking with you here. neil chris. this.ith back to new york city. in the next hour, we would hear from the ciore. misso rico is poised to eight $242 million bond payment, the biggest people in the long-running debt crisis. should congress save the island? ♪ ♪ david: this is "bloomberg markets." time for a business flash a look at the biggest stories. slower paceg at a in the u.s. last month, still struggling with a stronger dollar and week mobile demand. demand -- we can global demand. baker hughes has a buyback back shares to supply organization to save $500 million annually after the collapse of the planned merger with halliburton. they will buy back shares totaling $1.5 million and debt of that, using the proceeds of the breakup fee. 200 dollars pay a current -- hulu is offering a new thing. the online video service is in talks with two of its owners, 20th century fox and walt disney, gaining rights to channels like fox and espn. hulu has not progressed as far with comcast, the largest cable operator. wherego to the markets julie hyman has a look at the snp's biggest winners and losers. jul

the cio of cupe's capital management and gordon johnson of axiom capital, the only analyst on the three with a sell rating on the stock. gordon, i'll start with you because the decline in solar citys absolutely staggering. they have got a core of their problem, gordon, is their costs are rising very, very quickly and they are not able to bring the costs per watt down. is this surmountable in your view? >> i don't think so. their cost is an issue, but i think the real problem is this is a company with massive growth from 2013 to 2015, and then in 2015 the growth started to slow, so what the company said is we're going to generate cash flow, and what we learned last night is their definition of cash flow isn't the accounting 101 definition, ie, operating cash flow less cap "x." their definition of cash flow is operating cash flow less cap "x" plus financing. you have a business where you burn a ton of money and issue debt and that means you're generating cash and that's the concern that investors have. >> i'm glad that you brought that up because it seems like management has a real problem with communicating the story to the street and to investors as well. on the conference call a