commissioner bree, epson, commissioner march absent, avalos, present? there is a quorum. >> we are going to have sflafco business after the joint meeting. let's call recess for sflafco. we have a motion for recess. we'll take that without objection. this sflafco is in recess and now we can call the roll call for the joint pc sflafco meeting. >> president torres, court, commissioner cane is on her way. we do have a quorum. >> great. we have a quorum for the sflafco side as well. just to have opening remarks, this is a meeting that we had scheduled from our last meeting in february or and january to talk about where we are with the clean power s f program. a lot of moving parts that remain. key is the approval not to exceed rate which has been before the board and is potentially in the hands of the public utilities commission today. we talk about not exceed rate, the actual rates we'll have for the s f program will be below what not to exceed rates are. there is a delta between what the actual rates will be and not the compete rate and the survey results

themselves that's the business model of wall street so in this case here the thirty year old from epson says he kept trying to win back his money by going double or nothing he dropped three hundred dollars in just a few minutes then says he went home to get twenty three hundred dollars more and soon lost all of that as well you just get caught up in the whole thing he said i've got to win my money back so you know here we have after a financial collapse a lot of people have lost their homes for through foreclosure or negative equity they've lost all of their four one k. pension funds money down in the stock market so they're doubling down trying to make that money back and we see that all across the world everybody is diving into the stock market we see housing bubble again emerging in the united states because people want to win back the money even though they know it's now a rigged system well let me reintroduce a concept i've talked about on this show before which is the martin gail betting system the martin betting system if you go to the casino you're at the roulette wheel you bet

>> yeah, the competitive read-through from lexmark, from epson, from xerox are not good at all.me hope there that that may have generated some demand. but really, in printing, it's about managing costs. you've got todd bradley, who is longtime pc chief, is also now overseeing the printing operation as well, and a combined unit called personal and printing -- printing and personal systems group. and so, he's especially good at managing operations, managing costs, which is really a big part of the hp story now. and that's probably the one thing that hp really has going for it is managing costs, managing cash flow. they did surprisingly well in q-1. we'll see if they're able to deliver that in q-2. look for some especially aggressive cost and cash management tactics there. >> we will do that. arik, thanks so much for that, senior editor at all things digital, joining us bright and early this morning. and as you say, jon fortt will be covering those numbers when they come out on "closing bell" later today. >>> meanwhile, a reminder for the headlines right now. fed chairman ben berna