before the start of the camp fire, according to a report the utility sent to the california public utilities commission. the report was sent thursday to the commission by meredith allen, senior director of regulatory relations. pg&e officials also said that thursday afternoon a pg&e crew on aerial patrol saw damage to a transmission tower on the transmission line that had the outage thursday morning about 15 minutes before the camp fire is said to have started. the line is located about one mile northeast of the town of pulga, which is close to the origin of the camp fire. allen said in the report that this information is preliminary. pg&e officials issued a statement friday afternoon. "nothing is more important than the safety of our customers, employees, contractors and the communities we serve, the statement said. "the cause of the camp fire has not yet been determined. pg&e has provided an initial electric incint report to the safety and enforcement division of the california public utilities commission (cpuc). pg&e will fully cooperate with any investigations."

. >> and protestors interrupt a meeting of the california public utilities commission. me following the deadly and devastating wildfire in butte county. courtrooms today, after someone set off a small incendiary device right there in the lobby. this afternoon, police have a person in custody. welcome to the "4:00". i'm heather holmes. >> i'm alex 11:00 it morning af reports of smoke. ktvu's henry lee is following the developments story and joins us live now from the hall of justice. >> reporter: things are back to normal in some small fashion, alex. employees are back inside at the hall of justice but potential jurors, people with court cases have been turned away since this morning when someone set off fireworks inside the building. the wheels of justice cisco halm to a grinding halt. >> everything is over until tomorrow. >> reporter: someone lit a small insent area device in the lobby. >> i heard it was a bunch of firecrackers. >> reporter: it started around 11 a.m. when someone got past the checkpoint with firecrackers and setting them off on the first floor. >> it e

we have been fully been preempted by the state of california through the california public utilities commission in terms of our ability to regulate them. so the c.p.c. has regulatory authority. there has been a rulemaking process that's been going on for at least since 2012 that we have participated in through those 30 plus filings. i can't say that we've had -- we've had almost zero success in terms of the positions that we have made, usually jointly with the airport in terms of leaning for regulations and the regulations that are on the book for the t.n.c.s are unenforced as there's not the staff or the other resources to enforce them. so all we're left with, the m.t.a. and the police department, are the enforcement of parking and traffic. the general parking and traffic rules that apply to all vehicles and our joint capacity between the police department and the sfmta and i think this morning's report released from the transportation authority was instructive or limited to the fact into the extent to which we can enforce even the existing parks and traffic laws. >> chair c. brinkman: any mor

. >> pg&e rallied in extended trading after the head of the california public utilities commission saide cannot imagine allowing the state's largest utility to go into bankruptcy. pg&e shares have plummeted 64% in less than 10 days amid fears it would be held liable for the catastrophic wildfire that has killed more than 50 people in the u.s. facebook's ceo mark zuckerberg says the company is taking more drastic measures to reduce the threat of content on its site by tweaking its news feed algorithm. the site is also to make major changes to content moderation including allowing decisions to be appealed to an independent body. wei have come to believe should not be making so many important decisions about free expression and safety on our own. we have been talking to people for some time now. i have spoken to many experts. we are announcing we are creating a new independent body that people will be able to appeal to that will have the authority to determine whether content should come up or stay down. >> that is your bloomberg business flash. nejra: thank you so much. the u.s. still pla

allowed pg&e to issue bonds to help cover liability from the 2000 17 fires and let the california public utilities commissionest on -- 2000 17 fires and that the california public utilities commission do a stress test on the company. there's a lot of pushback from the consumers and states wanting to do the costs. we are facing unprecedented wildfires presumed to stay fire safetyino more than they see year. a new regime will be needed. romaine: when are we going to start to see that action on the part of legislature in california? when you look at the stock price drop and drop we see in the bonds, investors are not waiting around. carolyn: they're quite concerned. the law passed in september only addressed liability from 2017. it did not do anything to reform the general approach of the state. i think that is causing investor concern now that we are seeing a second year of tragic and high levels of property damage that we do not have a system in place to handle every year going forward. scarlet: is edison international , the owner of the southern california edison utility in the southern part of the state, is

stock bounced back a little bit at least after the head of the california public utilities commission ruled out allowing the troubled company to go bankrupt. and then we shift gears to consider the policy prospects to assist business and our economy in the u.s. in twenty nine t. to help us out we're pleased to be joined by jeanie zaino senior advisor at applied to economics and conservative t.v. and radio commentator steve walford and welcome to you both genie in a perfect policy circumstance where you were the queen and could decide what the next u.s. congress would do related to business in our economy what sort of things would queen g.-d. be working upon oh i like being queen thank you so much for having me. i love it and you know i think the biggest thing that i would be working on the economy is very very strong right now and i think the thing that troubles me the most is this sort of divide between the booming a con.

according to the sacramento bee the california public utilities commission voted to adopt 60 recommendations made last year by the independent consultant that audited the utility. that audit was prompted by the 2010 san bruno pipeline explosion that killed eight people and destroyed 38 homes, as you may recall. the bee says audit will be broadened to cover the utility's possible involvement in the camp fire and last year's deadly north bay wildfires. >> the rain may have impovd our air quality but scientists are just starting to study how 11 days of breathing in smoky air in the bay area impacted our long-term health. abc 7 news reporter leslie brinkley is line at uc davis where three significant studies are now under way. leslie? >> reporter: some fascinating work being done here. there is of course data on breathing in smoke. cigarette smoke, secondhand smoke, air pollution. but this is new. this is uncharted territory. breathing in smoke for all of us from wildfires and burning homes for the second straight year. 11 days of heavy toxic smoke in the bay area this month. this was our realit

stock bounced back a little bit at least after the head of the california public utilities commission ruled out allowing the troubled company to go bankrupt. and now we shift gears to consider the policy prospects to assist business and our economy in the u.s. in twenty nineteen to help us out we're pleased to be joined by jeannie zeno senior advisor at applied to economics and conservative t.v. and radio commentator steve walz burke welcome to you both genie in a perfect policy circumstance where you were the queen and could decide what the next u.s. congress would do related to business and our economy what sort of things would queen jeannie be working upon. oh i like being queen thank you so much for him i mean. i love it you know i think the biggest thing that i would be working on the economy is very very strong right now and i think the thing that troubles me the most is this sort of divide between the booming economy that we see on wall street and sort of the absence of the impact of that on main street and this detachment many americans feel particularly in the working and mid

pg&e is soaring today, and of california's public utilities commission -- and the head of california'scommission says he cannot imagine the company going into bankruptcy because of the fires. the company faces billions of dollars in potential liability if it is found to have caused those blazes. earlier on bloomberg, we spoke with the ceo of sonoma, the company that sells residential solar panels across the u.s., and is a top residential solar provider in california. >> there is a lot of concern and we have a lot of concern for our customers, making sure they are ok and safe first and foremost. secondly, if there is anything we can do, we try to respond to disaster.ral we faced maria in puerto rico, we repaired every customers system -- customer's system and got them back online on our nickel. we have been dealing with utu, the most powerful storm to hit the united states, and we are responding in rapid fashion there as well. anything for our customers to , we will doice everything and anything we can do. taylor: if they rebuild. if they willnse rebuild or the longer implication of the

the california public utilities commission will investigate pg&e. >>> back out east. 6 inches of snow brought new york city and surrounding areas to a standstill. this is what you were staring at for hours on the george washington bridge. commutes extended by several hours. this morning, many schools in new jersey have delayed openings. new york mayor bill de blasio viewed to clear the streets -- vowed to clear the votes before the morning commute. >> the death toll for the snow storm stands at eight. deaths reported in pennsylvania and maryland and ohio. thousands of flights delayed and canceled. the majority in new york. for delays in washington and boston and chicago. most customers without power in indiana, kentucky, ohio and virginia and pennsylvania. the commute has got to be better this morning. yesterday's commute was just who are -- just horrific. you had so many people in the new york transit hub, you could not get to bus gates. trains were slow. buses were full. three hour delays. >> sounds like mayor de blasio has explaining to do. >>> just weeks after the pittsburgh massa

california public utilities commission official told investors that the agency doesn't want the companyo go into bankruptcy. some support may be coming. one to watch for sure. this is bloomberg. ♪ we are looking ahead to the final trading session. a beautiful sunny day there in tokyo. looking at the markets that are ready trading. we are seeing modest upside to trading in sydney. new zealand trading relatively flat at the moment. danes for the aussie dollar on the back of the jobs for work. this is bloomberg. ♪ it is friday morning in sydney. the markets have been trading for 30 minutes. some gains are being seen. materials and energy rebounding. complaints about the weather, it is a bit great. -- great. look at the picture in new york. it you can barely see anything. now, we are expected to get three inches of show -- snow. futures a little bit down. we have talked about natural gas fluctuating then retreating. i really can't tell. it's very cold. recall working with you, you are always cold. >> i always have a heater under my desk. [laughter] let's look at first word news. says theres

the california public utility commission is ordering a review of the company.o follow that story. >>> the harlem globe trotters brought fun to the opening bell this morning, they did play at madison square gardens next week, i just checked they come to oracle arena in oakland and the sap center in san jose in january. >>> right now checking on the numbers, they were up now they are down. tp live look at the big board there of the dow jones down not a lot but still slightly 19 points to 25,000. the snp 500 down to 30%. 7190 i've been talking about this morning, the chip makers are down led by amd and enindividual ya after a disappointing quarter for the bay area company. it's been more than a year since the trader joes in santa rosa had to shut down after being damaged by the tubs fire but today it will reopen for the first time to the public. the work included a new roof, new heating and air conditioning and all new refrigerated cases. i'm sure the neighbors are happy to see that reopen. >> chief officer responding to a new york times article. the new york time

group democratic socialists of america are protesting at the state building where the california public utility commission is meeting. the group says californians shouldn't have to pay for destruction by the poorly maintained equipment. the plan delivers a no bail out to the governor. >>> a community meeting being held tonight for survivors of the camp fire at 7:00 at pleasant valley high school in ch ic o. >>> ktvu news reports now people are being told to evacuate again because of the threat of mud sliets. >> the camp fire was the most destructive and devastating in history. exprts are in recovery mode now. >> a major storm system threatening the process made so far with mud slides and flooding possible near the hard hit town of paradise. >> we're in the rebuilding phase and we're working closely with town officials on prioritizing repowering key buildings within the town of paradise. >> the situation in southern california equally serious where evacuation orders remain in some areas anxious residents now doing their best to protect their property ahead of what could be catastrophic flooding. >> these a

>> recent wildfires are prompting a protest this morning outside a meeting of the california public utilities commissionfrancisco. the demonstrators oppose state assistance to protect pg&e from financial consequences when it's equipment causes wildfires. >>> and the chairman of california's democratic party has announced he is planning to seek agreement for health issues and alcohol use. eric bauman announced this week he stepped down from his position during an investigation into sexual misconduct allegations. >>> we'll have news updates throughout the day on your favorite platforms, including our website, kpix.com. >>> gianna franco in the traffic center. we have a wet and windy drive this morning. we are going to show you some of our bay area bridges. wind advisories in effect for the bay bridge, the richmond/san rafael bridge, as well. if you are commuting from the bay bridge, out of oakland into san francisco, that will take you 50 minutes to get to the 101 central freeway. san mateo bridge looking at 35 minutes from 880 to 101. >>> tracking strong winds heavy rain and isolated thunderstorms on hi-

. >>> and the california public utilities commission announced it is opening a new the utility company, its operation and how it's run. they want to determine the best california to receive safe and electrical and gas in the future. some he accused pg&e for starting the fire. they said power went out at a transmission line just before the fire started. >>> now, pg&e stock has been on a rough ride on wall street and probably will continue this morning. this chart shows the dramatic fall in the past week, shares dropped 30 and a half% yesterday, you this morning, the stock is set to open up, i'm looking at it right now, 48%, investors perhaps looking for a bargain at this point in pg&e. >>> and the dow gained 200 points yesterday ending 5 days of losses, but it's been up and down, analysts credit a rebound from tech stocks which have posted big gains and losses and the nasdaq 122 points and the s&p rose 28. >>> and schools will be closed today because of the smoky air. according to the air quality index, our area as very unhealthy today. allie rasmus is in walnut creek right now, one of

meanwhile pressure is mounting on pg & e as the california's public utilities commission opens a new investigation into how it's run. the review could be whether to break up pg & e to smaller utilities. some homeowners have already filed a lawsuit against pg & e claiming their equipment started the fire. >>> anyone flying out should contact their airline. this morning there's already some delays at san francisco airport because of smoke in the air. there are no major delays in san jose or oakland this morning. >>> it's expected to be a very busy holiday travel season at the nation's airports. at sfo more than 169,000 passengers are expected to arrive in the part of sfo today. from now until january 1st a total of 6.7 million travelers are expected at sfo. >>> mineta san jose international airport is also getting ready for a busy holiday travel period. the airport is expecting an increase of up to 8% in passenger traffic compared to this time last year. >>> coming up next right here on mornings on 2, a federal judge has ruled whether the white house needs to give back white house corr

in a report submitted to the california public utilities commission, they said the decision was made out of a concern for safety, given the high winds could've damaged equipment and sparked a fire. about 60,000 customers experienced outages between october 14 and october 17. the report pointed out there were no fires as results of downed power lines or damaged equipment. many residents were upset they didn't receive adequate warning. >>> the search is on for a man from arizona who finished. he was last traced to a park in marin county. he was on a cross-country road trip and plan to meet up with family in new orleans. his motorcycle was found abandoned off the trail in miwok park. investigators say he used his credit card in san francisco in august but nothing since. his family is very concerned because they have not heard from him. >>> a woman accused of killing a father and his baby girl in a drunk driving crash in walnut creek was charged with murder today. family members say that hector garza was a loving husband and proud dad. he was driving home last thursday evening when his c

. >>> in san francisco, we saw high emotions at the california public utilities commission meeting. >> many protesters voiced concerns about pg&e's possible role in the deadly camp fire. >> i will qualify a recess. >> a number of people spoke at the podium ahead of this demonstration. many said they believe pg&e is responsible for the camp fire and the tubbs fire, among other fires. they want to see the state take over the for-profit company. >>> classes will resume across several campuses in butte county on monday. district officials expect half the students with paradise unified to return are to school. >> the fires either destroyed or damaged most of the school. students will be bussed to different cities within the area. >>> turning to the damage left after this week's storms. rain apparently caused a roof to collapse in oakland. we brought you this on "abc 7 mornings" yesterday. the building was vacant and fortunately no one was hurt. >> part of scaffolding collapsed because of strong winds in the sunset district. fire crews hooked ropes to the scaffolding to bring it down so it

. >>> the head of california's public utilities commission plans to expand an investigation into the all structure of pg&e. the electric equipment has been linked to several california wildfires over the last year. now investigators are looking into a possible link between pg&e equipment and the devastating "camp fire" in butte county last week. cpuc president michael picker says his agency will examine the corporate structure and the operation of the utility. state senator jerry hill of san mateo and other pg&e critics have suggested that the utility should break up into smaller companies. >>> california university will accept thousands of more students without impacting tuition. the "l.a. times" reporting that the university of california regents approved a $9.3 billion budget. it will add 2500 more in-state undergrads. the regents say the budget will allow them to help students who are struggling financially without raising tuition for the next year. >>> the lighting ceremony in san francisco's embarcadero center will go on tonight despite the bad air. >> organizers are scaling bac

. >>> we saw high emotions at the california public utilities commission meeting. many voiced concerns about pg&e's possible role in the camp fire. >>> a number of people spoke at the podium ahead of this demonstration. many said they believe pg&e is responsible for the camp fire and the tubbs fire, among other fires. they want to see the state take over the for-profit company. >>> classes will resume across several campuses in butte county on monday. officials specialty half the district to return to school. >> the fires either destroyed or damaged most of the school. students will be bussed to different cities within the area. >>> many players on the raiders team wanted to help as well. they collected nearly $46,000 and plan to donate to the north valley community foundation. the raiders organization will match that contribution. this is on top of the $250,000 the team donated last week. 200,000 went to the kphaoupbd foundation. there's still a lot you can do to help. head to abc7news.com for a list of resources. >>> the majority of this week's storms are gone, b

. >>> protestors plan to rally outside a meeting of the california public utilities commission in san francisco. the demonstrators oppose state assistance to protect pg&e from financial consequences when its equipment causes wildfires. >>> the trump administration is getting ready to ban bump stocks. president trump announced it shortly after last year's shooting in las vegas that killed dozens. but despite bipartisan backing, it's been a long process. bump stocks allow semi- automatic weapons to fire rounds rapidly. the obama administration concluded that bump stocks were an accessory and clear from federal regulation. >> so we're not knocking out bump stocks. i have told the nra. bump stocks are gone. >> if you are a law-abiding citizen in america with a clean record, you should be able to own anything you want. >> what should be banned is bad people. >> a source says that the new rule calls for giving bump stock owners 90 days to destroy or turn in their devices. >>> house democrats have picked their party's leaders in the new congress. in a 203-32 vote, nancy pelosi was nominated

the wildfire situation is prompting a protest this morning outside a meeting of the california public utilities commission in san francisco. the demonstrators oppose state assistance to protect pg&e from financial consequences when its equipment causes wildfires. >>> new this morning, the chairman of california's democratic party has announced he plans to seek treatment for health issues and alcohol use. eric bowman announced he would step down from his position during an investigation into sexual misconduct allegations. the "los angeles times" says he is accused of making crude sexual comments unwanted touching and physical intimidation. >>> president trump says that he won't rule out a pardon for his former campaign chairman in connection with the russia investigation. this comes as some lawmakers move to protect the man in charge of the probe. in september, paul manafort pleaded guilty to conspiracy charges as part of a cooperation deal with special counsel robert mueller. two days ago, mueller told a federal court that manafort lied and breached that deal an accusation that manafort denies. manafort's

we heard from the head of the california public utilities commission, saying he could not they a positionre would allow to go into bankruptcy. they have been concerned about the liabilities of the wildfires in california. the stock move today is impressive. over two weeks from you can see pg&e was a $50 share company, now much lower. so it has a long way to go. jason: thank you so much for the stock of the hour a red from new york, this is bloomberg. ♪ traditionally, only think about maritime, the given the crease relationship between asia and latin america, -- >> infrastructure sounds nice, but if it does not generate business, it is not good infrastructure. note said clearly we are building a garden in our backyard. we are interested in building a beautiful garden with beautiful -- and jointly all the nations in the world. [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the bes

the california public utilities commission is adding a new area code to the east bay. the 341 code will be used starting in july. after that, people with the 510 will have to dial one before dialing a 341 number. in preparation for the change, the cpsu suggests you reprogram any telephone numbers or alarm systems to dial one before the area code. >>> electric scootersrelems in we'll tell you about an uptick in injuries thanks to the new way to get around. >>> the first genericepipen is now available. the brand name has been in short fly since may. a two pack epipen costs about $600. this new generic version is half the price. >>> plans to build a massive tunnel under los angeles are being abandoned by elon musk boring company. it withdrew plans to the two mile long opportunitiette yesterday after several local groups sued the city over its plan to exempt the project from environmental review. >>> apple is increasing its trade-in value for its older ire owns. the new trade-in value for people would want to graduate to the xr is up to $300 depending on the phone. it is p

these were angry demonstrators shutting down the california public utilities commission meeting in san francisco yesterday. they are worried customers will be forced to bail out the utility after the camp fire. state lawmakers are considering a bill that would protect those protect pg&e from massive liabilities connected to destructive wildfires. >> it happened in san bruno and santa rosa now what happened here and if they bail pg&e out from this and let them pass the cost of that tragedy onto ratepayers, is going to happen again. >> the cpuc had this response. the commission took multiple steps related to protecting wildfire affected customers and looking at the long-term future of pg&e we extended a consumer protection that pg&e was directed to put in place after the 2017 northern california wildfires and approved a decision that required pg&e to implement safety recommendations to improve safety, culture and operations. the agency is ordering pg&e to implement 60 safety improvement recommendations following an investigation into the deadly san bruno pipeline explosion in 2010. an ou

angry demonstrators shutdown the california public utilities commission meeting in san francisco yesterdaythey are worried that customers will be forced to bail out the utility. state lawmakers are considering a bill that would protect us pg&e from massive liabilities connected to massive wildfires. >> it happened in sam bruce or -- san bruno in santa rosa and if they fail pg&e out from this and let them pass the cost of that tragedy onto ratepayers, then it will happen again. >> the agency had this response. the commission took multiple steps related to protecting wildfire affected customers and looking at the long-term future of pg&e. we extended a consumer protection that pg&e was directed to put in place after the 2017 north in california wildfires and approved a decision that required pg&e to implement safety recommendations to improve its safety, culture and operations. the agency is ordering pg&e to implement 60 safety improvement recommendations following that investigation into the deadly zambrana pipeline exposure in 2010. an outside consulting firm is recommending changes to man

. >> pg&e submitted the report to the california public utilities commission and in a statement saiding with the investigators. the statement said nothing is more important than the safety of customers, employees, contractors and the community we serve. the cause has not yet been determined. >>> silicone valley biggest tech companies are doing their part to help the victims of the fears burning in the state. apple's ceo tweeted praying for safety of neighbors and loved ones and those affected by the rapidly spreading fires in california. we are grateful to the firefighters and first responders working to keep everyone safe. apple donating to relief efforts for northern and southern california. google's ceo tweeted we are mobilizing to support those impacted by the campfire and hill fire and willsie fire. >> a lot of athletic events have been canceled because of the smoke and not going anywhere. >> now that the winds are light, it's lingering over the bay area. when the winds pick up, it's going to be from the same direction. probably more smoke coming our way from the fire burning in

(ken) earlier today, the california public utilities commission ordered p-g-and-e to implement safetyasures to improve its operations. several wrongful death lawsuits have been filed against pg&e in the wake of the camp fire... even as the official cause has yet to be determined. the commission's investigation is to learn whether p-g-and-e promotes accountability and achieves safety goals and standards. the recommendations by the utilities commission are outlined in a report by an independent third party. the c-p-u-c initiated this proceeding after the pipeline explosion in san bruno in 2010. (pam) a stabbing victim and a shooting victim were both found inside a home in a quiet san jose neighborhood this morning.... and now, one of those victims has died.. an investigation is underway .. kron 4's haaziq madyun has the story.. a deadly stabbing following a violent altercation at a home here on ayer avenue in san jose. it happened around 8:30 thursday morning. san jose police investigators say officers responded to a welfare check and before they arrived the call was updated to a stabbi

legislators realize that the head of the california public utility commission admitted that they are step in. in terms of pg&e's operations, they are doing fine. all of theseng fines and penalties, but operationally, they are doing well. , they are doing everything right, they are just in a bad market for wildfires, and we feel that if they just keep on doing what they are doing operationally, the stock is going to get to $36, if not more. alix: what was the price target before you cut? >> $54. that was based on other utilities which are priced at about 18.9 times forward earnings. if i look at edison international, yesterday, it was , 8.7 times earnings. right now, there is an overhang. , but id be semipermanent think 36 is a pretty conservative estimate. thank you very much. the effects were really felt in the corporate bond market as well. you can see what happened to fiji and use that yields, raising question about the health of the ig and high-yield market. jim, what happens to spreads? jim: spreads have been tight on investment grade and -- i think they are starting to widen ou

its value since november 8th when a after pg&e disclosed it sent a report to the california public utility's commissioner 8th. pg&e stated its insurance will not cover the cost if it's found to be responsible for the wildfires in butte county. >>> checking in on the opening bell, macy's beat st street estimates before the bell rang this morning. it's optimistic about a strong holiday season. one stock to do well. checking in on the numbers the dow started up almost at that amount, 140 or so points now down half a%. the nasdaq and snp 500, technology stocks really have been the story there. and they are down again now. >>> th long lines at dm getting a dmv now self-service kiosk being unveiled today and the library will be the first in the bay area to have one. at the kiosk you can review a vehicle registraon status. registration card and the stickers you need. multiple payment methods will be selected including debit card or check. >>> christmas is just six weeks away. many parents are already stocking up on gifts and thinking about what to buy. a consumer safety group warning about popular toys, the c

the group called democratic socialists of america will protest before the california public utility commission meets at the state building. the group also plans to deliver a no pg&e bail out petition to the puc, governor brown and to governor elect gavin newsom. pg&e says that weather conditions were not dangerous enough to warrant a power shut off before the deadly camp fire. two days before the fire pg&e warned 70,000 customers they might shut off power in nine counties including butte county because of high fire dangerous. yesterday pg&e told state regulators they determined the conditions did not meet the criteria for a shut off. >>> san francisco supervisor says the full name of san francisco general hospital needs to be changed again. the hospital became suker burg san francisco general after facebook ceo and his wife dr. paris sill la donated 75 $75 million to the hospital. the supervisor calls recent actions by facebook scandalist scandalist including the cambridge privacy scandal and facebook's recent hiring of opposition researchers to discredit the company's critics. public reaction

has given what it calls an initial electric incident report to the california public you nilties commission but stresses it -- utilities commission but stresses it is preliminary. >> attorney frank has represented fire victims from san bruno to santa rosa against pg&e. he says he doesn't understand why the power company didn't follow through with its plan. >> shutting off power in the face of winds and high risk of a fire, that's courage. that is leadership. and that's when you put safety first above profit. >> pg&e stock plunged today by $8 a share. that's a 16% drop. and the biggest one day decline for the stock since 2002. >> we will have to see again, nothing has been confirmed. >> right. we are not sure what the official cause of the fire was. pg&e, they will catch from the all sides. they did that preemptive power outage and everybody was upset. now they did don't it and -- didn't do it and there are a lot of questions. >> an eerie sight tonight. this video giving us glimpse of the chaotic evacuations. drivers were forced to ditch their vehicles and take off on foot. car after car torched by the flames. thousands

the public utility commission in california is suggesting that they would apply a cost cap for damagesou want to make sure the utility can continue to serve. >> the move in the stock is ridiculous yesterday, it's down 30% after hours, regulator talks to some research firms and the stock moves up the dissemination of information, not great not great. >> that's unfortunate. i remember dealing with that public utility commission as a reporter he said they were going to shut down the plant >> tell us all instead of after hours telling one person -- come on >> that was bad dissemination. >> the news is important the stock is rebounding dramatically. >> that would have been terrible that's a lot of debt we haven't mentioned it yet. go ahead what are you hearing today >> on what >> tudor jones. >> what are you talking about? >> he was on "mad money. he was saying the end of the year would be good. >> he said to would be phenomenal >> we sold -- a lot of people bought apple then they sold people, he is not running your money. david is not running your money. he is running his money. people oug

at the same time, yesterday we saw a rebound in shares after market when the cpuc, public utility commission in californiarward to say that they were focused on the issue, that they didn't want to see the utility go bankrupt and they were prepared to take at least some steps, the steps within their power, to try to prevent that eventuality and limit impacts on shareholders. neil: you know, maybe you can help me with this, but there were reports anecdotal maybe, maybe more than anecdotal, you would know better than i, that the company was getting complaints and calls about equipment that was sending up sparks and that sort of thing. do we know the legitimacy of any of those stories? >> well, there was a transmission line, there are multiple transmission lines in the area where the fire started. one of them was experiencing problems prior to the fire, and the company had contacted some of the land owners over which the line passed to let them know that they would be working on the line. apparently, the line in question that was faulting prior to the fire had already been deenergized according to pg & e. how

shares of the largest electricity producer in california are soaring in premarket trading. of the state public utilities commissionagine allowing the company to go into bankruptcy. &e faces liability if it is found to cause blazes. elon musk's warning workers at tesla he is coming for a visit. walk the he will entire model three production line. battery sales to finish vehicles, all facilities need to support making 1000 cars per day. tesla reports a surprise third-quarter profit. that is the business flash. tom: thank you. been a next ordinary news flow and the united kingdom, front and center -- an extraordinary news flow in the united kingdom, front and center. we have a conversation with kevin cirilli. but there isopics only one for the president. it is friday and that is mueller time. what does mr. mueller do on a friday? kevin: we get a new development. yesterday, we had a glimpse into the investigation team in which he said to rick gates, paul manafort's deputy, he does not believe there should be sentencing because gates is cooperating on multiple fronts. that means that rick gates is working with bob muel

california regulators and closer look at pacific gas and electric the big utility there, what you got on this? >> thinking of breaking it up this is a public utility commission popped because they're saying no to bankruptcy for pg&e but safety issues are so on the radar screen stuart, this state officials in california saying 17 of the last major 21 fires in california were caused by pg&e eight of the fires referred to prosecutors. so the issue is why is pg&e what is going on there? consumer watch dog are saying hey, utilities have given a lot of money to governor jerry brown is he going easy on legislation and oversight of the utilities here? it is a big fight now brewing in california. >> that's a pop and a half on stock 47% higher. this morning is that because they're saying we're not going bankrupt? >>s that right. that is correct but you're what they're going to do is pass on liabilities to rate payers 150 dollars a year increases in their bill to pay for pg&e's mistakes here. >> well all right that's news. >> we're staying on it. politics president trump reportedly not ruling out a government shutdown if he doesn't get pupgd for the wall. wml radio hos