we're heading to a neighboring valley a few weeks ago severe storms made the chair cosco river swell to a raging torrent that swept up tons of debris. since then the debris has blocked the dam and the river bet is drying up. you can get a fish but local be sure it makes me angry i reckon it's great i thought because it will but if i actually. is getting profit i don't fuck up and. thanks to the primitive dam the storms also ravaged in the nearby village of my high call they relied on the dam for protection and on the promises made by the energy producers but they had to stand by and watch the floods sweep away and tire houses. the people producing the electricity are getting all the money. and what do we get absolutely nothing. to date there are over two hundred seventy power stations in bulgaria one of them the giant sun cause coming down but environmental organizations say its electricity production is modest with only a small portion of the country's electricity coming from hydro power. nevertheless sophia's government has just approved three hundred more plants we asked the deput

a sickly her whole argument studied really -- really offbeat companies like cosco quiktrip and trader joe's. you've never heard of these people. that is a choice. you can succeed by treating people as poorly as possible. if you make the right business decisions you can also gain a lot by treating people well. are we solving for profit. or just enough profit. you can make more money by paying people while and giving them health insurance. and certainly we do that for a very long time. that's what the postwar. was all about. we also had rapid technological process. the top corporations all have money hand over fist. they wasted in many different ways. it's something that is hard to remember what that would be like. to have a corporation that is it just isn't just pulled into short-term is him into long-term investment. but i also, i'm heartened a colleague of mine says i'm whistling in the graveyard as i'm telling an optimistic story about the possibility of this new economy but i also think it's better to whistle that did just lay down and die. in the past it took us 100 years to turn

. >> we are going to cosco to get a few things. >> reporter: no matter what mother nature throws theiray, the family of four has a new model for whatever lies ahead. >>> in california, firefighters are having a tough time getting the delta fire under control. it has burned through 78 square miles of land north of reading and his 5% contai in napa and lake counties, the smell fire is 50% contained and that's up slightly from 45% containment. 2500 acres have burned, about four square miles and evacuation orders have been lifted for the area with winds picking up a bit and firefighters are confident they are getting the upper hand on this fire. >> i hoped it wouldn't come over the water. i was pretty comfortable with the fact that we could keep our house. >> reporter: homes have been damaged or destroyed but this was the third weekend of evacuations for the area. insurance rates are up and some have had policies canceled because of the constant threat of fire. >> there was the need for the effective way to warn people about a potentially deadly wildfire and yesterday, officials in sonoma

possibly localized flooding could be an issue in that area we're also seeing some very heavy rain cosco parts of costa rica over the next few days down here panama also nicaragua seeing the very heavy rain as well what we're going to be seeing though up towards the vanna is better conditions today but as we go towards the next couple days we do expect to see more rain a little bit more towards the east also affecting parts of jamaica then as we go towards texas in the united states the flooding continues it has been deadly across that region we have seen days of flooding across this area and unfortunately the forecast map remains about the same we see heavy rain across much of this area and then as we go towards monday the rain continues also moving up here towards the northeast but up towards ottawa we're looking cool where the temperature there of about fifteen degrees for you. the weather sponsored by cattle and race. in an instantly shifting news cycle the listening post takes calls and questions the world's media exposing how the press operates and why certain stories take preceden

that is more than cosco target kroger or whole foods. they are planning 700 new stores.t is her business flash update. of today'srage hearings will continue. we will hear from brett kavanaugh once the recess ends at the top of the next hour. please be sure to check out our bloomberg function. this is bloomberg. ♪ i'm mark crumpton. is scheduled to appear before the senate judiciary committee this afternoon. he'll respond to today's earlier testimony from christine blasey ford. she accused him of sexually assaulting her when they were teenagers. panel thate laughter during -- and a locked room. >> i have been accused of acting out of political motives. those who say that do not know me. i am an independent person and i am no once upon. helpfulation was to be and to provide facts about how mr. cavanaugh's actions have damaged my life. >> dr. ford told senators she is 100% certain that kavanaugh was her attacker. cap not denied the allegations -- kavanaugh has denied the allegations. white house says today's meeting between president trump and rod rosenstein has been postpo

nike, cosco, png being directly hit on consumers. is phil camporeale of jpmorgan asset management. start with retail. in some ways, they got a pass. how do you play a consumer staple space right now? phil: we go back to the 10%. that is what has been announced. dollariffs mean the u.s. actually rallied versus the yuan. you could almost make a case that it is a wash. they can still get their supplies from china and a kind of equal price level which means that it won't be passed on to the consumer. the 25% rate can change that. research report said you would if it goes to 25% on $250 billion, it is about 15 basis points worth of gdp and about 2/10 of a percent worth of cpi. while that is not nothing, that is pretty much contained in the grand scheme of things. alix: we had a nice chart that showed the product that came in from china. cell phones are huge but it is also basic stuff like socks. we have seen tech rotate out. you can see the number of nasdaq companies below their 50 day moving average versus the s&p. the sell the to be sto

the decline is being led by cosco among steel stocks.roka bank in tokyo falling as much as 3.3%, amid news reports it lent about ¥50 billion to 20 companies related to the founding families. the stock is set for a fourth day of decline. value commerce is jumping to the highest level on record. this company offers internet marketing solutions. the stock was rated to outperform. another is climbing after second-quarter earnings beat estimates. another drugstore operator is rising as much as 6.7%. the stock was upgraded to buy at jeffrey. an oem player for sound and keypad devices, a 36% gain for stocks. ramy: let's head to the commodities space. brent crude rose to a two-month oil exportsran ian reached their lowest in two years. highest output is the this year. what is the reality that buyers are discovering? is a lot to focus on the asian markets. asia is the world's biggest buyer of crude at the moment. china and india had initially come out, they were pushing back quite strongly against the united states, arguing they do not want to cu