maryland, delaware approved the pepco-exelon merger the d.c. board said no. >> we had to do what is right for the district. >> we believe the proposal for the interest to provide direct, immediate and long-term benefit to the customers to enhance reliability and preserve the role as a community. the pepco holding and exelon, the richest power company are linked in four states but not in d.c. they have a right to come back to the public service commission in 30 days to ask them to reconsider. but the question is whether that is likely to happen. whether it is related to this or the general problem. the stocks of both pepco and exelon took big hits today. reporting live. sam ford, abc7 news. jonathan: new information tonight about the pan the cubs. kimberly: keepers are going to take care of the smaller cub. the zoo released this picture of the cub bottle fed. the cub's mother is more interested than feeding larger of the two cubs herself. jonathan: it's so cute. >> takes a while before they look like cute pandas. >> let's talk about the weather.

and the merger would have helped the stockholder of pepco and exelon. public service commission issued a statement saying 3,000 individuals, businesses and organizations weighed in on the decision with letters to the commission and by far that is the greatest response they have had to an issue in the more than 100 years of a commission's existence. reporting live from northwest washington, sam ford, abc7 news. kimberly: that tells you something. jonathan: got the folks' attention with that one. today, sleeping in over for area students. kimberly: sorry, kids. anne arundel, prince george county return to school. jeanette reyes has a look at the first day. jeanette: today was the first day of school for students in prince george's county. a big day in langely park with the opening of a special kind of high school. it still feels like summer is in full swing as 130,000 students in prince george's county start the first day of school. ceo kevin maxwell will stop by seven schools today to greet students, teachers and principals. the first two stops are at th

exelon's $6.8 billion acquisition, shares down 15% and exelon is down by 3%.ll keep you abreast of any developments on where the companies go from here. pimm: thank you very much. more on that utility deal coming up. also ahead on the bloomberg market day -- presidential candidates are taking aim at china as the u.s. markets shake off the weeks turmoil. we will find out more from washington, next. ♪ pimm: welcome back to the bloomberg market day. i'm pimm fox. let's begin with some of the top stories crossing the bloomberg right now. u.s. clients have begun suing the website asked -- ashley madison over the giant data breach. the company promised anonymity, so it's not surprising one of the first suits was filed by a john doe. hackers exposed the data of more than 37 million customers. an indian consulting services company is helping to build a technology center at carnegie mellon in -- carnegie mellon university. they will recruit in areas such as robotics and artificial intelligence. they are the second largest provider of i.t. services. madewner of mystic p

. >>> power company's pepco and exelon are reviewing their options after their megadeal was rejected.saying the megadeal was not a good deal for rate-payers. it would have created a single dominant energy provider in the midatlantic region. maryland and other states had already approved the deal. but without d.c., it could fall apart. >> we're very disappointed that this is the decision in the district, and it will have a cascade effect for the rest of the maryland, delaware, and up into pennsylvania, new jersey for this exelon deal. >> it did not provide any tangible, meaningful benefit to members. >> they're also disappointed about today's decision. now they have 30 days to appeal. >>> well, we told you the ride likely wasn't over. now analysts say the wild swings up on wall street could last several more days. a morning rally that saw the dow gain more than 400 points came crash do you think in the last half hour of trading this afternoon. the dow finishing down 205 points. china's economy still a concern. but now traders seem to be frazzled by the volatility. we will keep telling

. >>> merger rejected between pepco and exelon. d.c.'s public service commission unanimously voted against the proposal of a multistate utility. it would have served ten million customers. the commission said the companies failed to prove how this deal would benefit consumers, though. the rejection of this proposed $6.9 billion merger took some by surprise. >> i'm just happy for the people of the district of columbia. the real beneficiaries of this would have been the officers and shareholders of pepco and the exelon corporation. >> exelon argued the merger would mean smaller rate increases for bge and pepco customers as well as better rye liability. they have 30 days to ask for a reconsideration. >>> now to campaign 2016. donald trump's stance on immigration continues to be a hot button issue on the campaign trail. good morning. i'm mike hydeck live in the newsroom. last night it all came to a head with univision jorge ramos during a news conference in iowa after he interrupted trump on a question on immigration. trump was in the middle

utilities regulator is saying that it will not support fordeal exelon buying pepco $6.8 billion.co shares are down 16% as a result. this would have made exelon the largest utility in the country in terms of the number of customers. this throws into question whether the deal will still get done. things may much, julie hyman. with all of the volatility taking place in markets, what happens next? will the events of this month have any influence over the federal reserve's decision to raise interest rates? us on the phone from east hampton new york is the president and founder of seabreeze partners management. we were just talking, you say the markets are broken. you wrote a piece on that. what does that mean? i would say that the genesis of the breakdown in the market mechanism has started the regulatory changes in banking and investment industries. in a nutshell you had also three and dodd-frank. that has basically served him to reduce dealers incentive and abilities to provide liquidity. as a result, risk-free assets have grown larger on bank balance sheets while riskier shrug.have

public service commission rejected the proposal of pepco-exelon saying a deal is not in the public interest. federal regulators approved the deal and the companies now have 30 days to ask the commission to reconsider. coming up at "abc7 news at 6:00". >> come to south carolina. i'll beat his brains out. >> another presidential hopeful takes aim at donald trump. what senator lindsey graham says what happens if trump wins the party nomination. plus only on 7, the israel ambassador issues a warning about the proposed iran nuclear deal. first, what the prosecutors say a would-be gunman did hours before the attack was thwarted on a train in france. "7 on your side" helping you get answers about alzheimer's disease. call 703-236-9220 to speak directly to an expert. >> we are in fine shape with the beautiful weather continuing tonight. tomorrow. we talk about the next seven days when "abc7 news at 6:00" returns. stay with us. maureen: french investigators say the suspect in the french train attack was ready to kill. authorities say the 26-year-old moroccan watched a jihadi video on his phone. he c

regular exelon trying to my apco.rvices of turn down as well, that tends to be another rate sensitive with consumer discretionary and tech are still leading gains. let's take a look at what's going on there today at the 10 year earlier, yesterday, stretching below 2% for the first time since april is well above 2% again today. as people sell treasuries and my stocks. i mentioned utilities tend to be rate sensitive, their relatively high dividend payers. and a relatively high debt. when rates go up, that tends to be more negative for these stocks. let's take a look at currencies today, the dollar has been strengthening versus the so-called safe haven currencies. the euro is down versus the dollar, the dollar rising versus the yen and the swiss franc. reversing moves we saw yesterday. we can check on commodities and where they are today, crude oil rebounding, copper rebounding, gold is trading loader. it didn't get a break when people were selling stocks, it's still my getting a bit today is the other commodities are co

. >>> just moments ago the public service commission rejected pepco's application to merge with exelon. critics say the proposed $6.9 billion merger would have led to rate hikes and other problems. >>> anne arundel county police are investigating a homicide in severn. a woman's body was found inside a home near new disney world this morning. investigators are not saying how the woman died. however, she did suffer some sort of injury. >>> another woman is dead -- [ inaudible ] glen bernie crashed and died. authorities say she was driving westbound on odenton when she lost control, rolled her car and struck a telephone pole. she died at the scene. police do not believe speed or alcohol was the cause of the crash. >>> right now montgomery county police are looking for vandals who targeted cars in north potomac. this morning several owners walked to their cars only to find that their tires had been slashed and some of their windows shattered. the incidents happened at avalon community. police are asking anyone with information to come making cha a popular bus route after a shooting in sout

that company what exelon wanted to buy pepco, serving some 10 million in the mid atlantic region. others say it will approve the deal but the public service commission unanimously rejected it today. >>> and at least one new teacher this year. >> and backpacks for kids drive. we have teamed up with apple federal credit union to collect backpacks, school supplies and donations. go to our facebook to find out how you can help. >> one school that had to turn away students and parents this morning is hoping to have its first day of school tomorrow. its kroo crews had to cut through the storm drain just to get to the broken main. >> a woman accused of running over her husband and killing him. new details about the motive behind this alleged attack and the history of violence. >> and gathering new information about an attack in pennsylvania. turns out the suspect is no stranger to secret service agents at the white house. >> we're talking great weather tonight. but another heat wave in the >>> people quickly figured out a man was under that suv and now police say the woman behind the whe

it's unclear if exelon will move ahead with them. we are disappointed with the commission's decision. we continue to believe our proposal is in the public interest and we will review our options. the board of trade member was dismayed at the decision. >> you get more resources and better reliability. we're very disappointed. >> but dc council woman helped fight to block the merger. >> this is huge for consumers, it's huge for rate payers. >> the power companies have 30 days to file any appeal. in the district, tom sherwood, news 4. >> jeb bush is taking on donald trump's plan to deport all illegal immigrants and there's a new sign that vice president biden may be getting ready to run. we are here with the latest developments. >> most were treading lightly but jeb bushas decided to dive in and take on the business mogul. trump was called all talk. >> i'm not a talker i'm a doing. there are a lot of really good talkers running for president. there's one in particular that i'm thinking of. the problem with the trump plan is it's not con

commission gave exelon and pepco 30 days to request reconsideration.e's life science unit is teaming with -- the companies will of elop methods to store and analyze a glucose levels in real-time. diabetes will affect an estimated 600 million people by 2035. it costs the u.s. alone about 20 $45 billion alone in health care. warren buffett is betting americans are still thirsty for gasoline. berkshire hathaway is making its most significant energy investment in two years. a $4.5 billion stake in the largest oil refinery in the u.s. the s&p energy index is down 18% this year but phillips is up almost 8%. it has not been a good year for endowments at the nation possible public universities. they are reporting returns that failed to meet industry standard. texas had aty of 3.3% return. ohio state, indiana, and the were belowof florida 5%. tokyo is the winner of the little league world series. the team overcame a deficit to beat lewis berry pennsylvania by a score of 18-11. the teams have broken the little league record of 23 runs in a title game. the victor

alix: exelon and pepco says they will go ahead with plans to grade the largest utility in the unitedt week they rejected the proposed $6.8 billion takeover. regulators in several other states have approved the deal. the economymission and measured by gdp. gdp fell more than 26 percent blamed on a widening crackdown on corruption in china. gambling accounts for 4/5 of the economic outlook. annual gdp growth will hit 7.5% in the fourth quarter, the highest of the asia-pacific quarters blu-ray -- bloomberg surveys. governorentral bank discussed this with bloomberg at jackson hole. >> we export a small amount to china, largely commodities. if the chinese economy grows more slowly than into the data, less of an effect or us. we benefit hugely from lower commodity prices will be another effect of slower chinese growth. the central bankers says india is better place compared to other countries and raising the level of manufacturing. those are some of your top stories. scarlet: coming up, emerging market etf's were hit so badly erased the whole year. all that and much more coming up on bloom

and a deal that would make exelon the biggest utility in the u.s.omer accounts now appears to be in jeopardy. regulators voted against their bid to buy pepco unanimously. didattorney general said it not provide enough benefits for consumers. regulators in four state had already okayed the takeover. and saudi arabia plans to cut billions of dollars from next year's budget because of the slump in oil prices. bloomberg news is reporting that the saudi government may delay or cutback infrastructure projects. oil accounts for nearly 90% of saudi arabia's revenue. petri, ofith thomas petri partners about the collapse in the price of oil. thomas: it really turns a lot on what the saudi's do. the report you just had was an important one this morning, the cutting of capital and infrastructure programs. that does suggest they intend to stay the course longer. olivia: since june, crude has lost one third of its value. numbers out tomorrow are likely to show that stockpiles rose once again in the u.s.. and the usda has ruled that hampton creek just mail isn't.

regulators saying pepco acquisition by exelon will probably not go through.ow those stocks have done on the week, the bigger losers in utilities, pepco is leading the pack. switching over to energy, the energy winners are driven by acquisition news, cameron international, it's acquisition and i'm an offshore also doing well in the week as oil has risen. matt: thank you, julie hyman. the 10th and marks anniversary of hurricane katrina making landfall on the gulf coast. an estimated 1800 people died and tens of thousands of homes were destroyed along with huge swaths of louisiana's coast. after the storm, more than 150 square miles of louisiana's wetlands disappeared . the state plans to spend billions to repair and replace that marshland and some parts of that plan are very controversial. >> louisiana's coastal master plan to spend $50 billion over 50 years to preserve its wetlands. >> some of that will come from the government, more than six plane dollars from the bp oil spill sector. -- $6 billion from the bp oil spill sector. the state loses a football fiel

. >>> we should know the final decision today on pepco's plans to merge with exelon. public service commission plans an open meeting at 11:00 this morning followed by a vote. critics say the proposed $6.9 billion merger would lead to rate hikes and other problems. among those opposing the merger, the office of people's council, maryland's consumer advocate. >>> prince george's county students, it's your turn to head back to school. today is the first day of school. summer break is officially over. here now to talk about all the exciting things happening here at prince george's county schools is kevin maxwell, the ceo of prince george's county schools. very exciting first day of school. we have a lot to talk about, especially these two new international schools. >> it's wonderful. i love the first day of school. it's always a great feeling, anticipation and stunt. >> reporter: you're excited every year. we met last year and you were just as excite then. >> absolutely. i've been doing this a long time but i still get excited for the first day of school. >> reporter: thi

public service commission regulators within the district of columbia have declined to approve e exelon'se of pepco. it looks like d.c. regulators per a "reuters" report, saying that they have declined to approve this particular merger. start pepco shares down by about 17% on more than double normal trading volume. back to you. >>> dominick chu. >>> when we come back plenty of green on your screen, all the major averages up more than 1%. rick santelli, what are you looking at going into the afternoon? >> i'm looking at the board for one thing, up 363 doesn't negate all of yesterday. that's why i love the two-day charts, looking at the difference between 10-year note rates and bund rates, something important going on there you should be aware of. and we're going to talk risk/reward after the break. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of

the reverend al sharpton is a tree shaker par exelon's.adies and gentlemen, please greet and welcome back to the national urban league the founder and president of the network, reverend al sharpton. [applause] ♪ sharpton: thank you. first of all, good afternoon to the national urban league. hereonored and happy to be with my friend and colleague, the president of the national , who league, mark l'oreal has done a great job leading this organization around the country for the last decade or more in this capacity. even before that as the mayor of new orleans, give him a big hand. [applause] as we meet at the convention this year we need to be clear that we are facing a dilemma that we have not seen in decades. of realt the crossroads decisions that will impact and effect where this country and our community is going for the next half century. tomorrow you will hear from some candidates for president. they have reduced, so far, this presidential race to a beauty contest and a soundbite contest. have not really gotten into the issues that affe

regulatory commission rejected its proposed acquisition by exelon.interesting observation coming to what's happening overall with market volumes. we use at least possible bellwether, the s&p 500 spdr that tracks the s&p. it traded about 313 million shares today. a lot of those coming in just the last hour of trading on average over the last three months. it trades a little over 121 million. a massive spike in volume on what was an update for the most part then a huge spike in volume going down. an interesting move and some of the culprits behind the moves today, we'll be talking a lot about this trying to dissect what's happening throughout the course of this hour into "fast money." >> thank you. let's bring in our panel talk about this with our courtney reagan. >> it was interesting to watch what happened there i saw 30 minutes into the close only five names on the nasdaq 100 were negative. then it was half. it seemed to get worse and worse. we saw chip names leading the session earlier having their best day since may. that turned around with big na

. >>> the public service commission of the district of columbia rejecting exelon's bid for pepco holdings. >>> bp says it has restarted a portion of a large indiana refinery who's unplanned shutdown for repairs caused gas prices in the midwest to spike earlier this month. as a result, gas buddy.com says gas prices could fall between 20 cents and 50 cents a gallon in that region. >>> and a large study from the national institutes of health finds omega 3 dietary supplements do something to protect older americans from memory loss. that's going to be disappointing for a lot of people. >>> i think they have other health benefits. >> i think so. i think most people, though, are doing it for the memory. that's kind of disappointing. i'm sure it has other benefits. you're right. >> sue herera, thank you. >>> we want to check out gold prices. they're closing right now. pressure on gold today. >> pressure on gold. george gear over at rbc sort of saying we have the anti-inflationary pressures in effect today with that china rate cut. now today we have the dollar stronger as well. gold is giving bac

it's called exelon. nicole, the news and the stock, please?ole: they're trying to make a deal with a company and they have a base in district of columbia and regulators said it minimizes pepco holdings and so they're not wanting this deal to happen. 6.8 billion dollar deal and regularrators are involved. two companies are teaming up and saying, it's in the best public interest. number one. i wanted to bring to your attention twitter, this is a household name, right? and it's had an up arrow up about 4%. the high of the day today was 28.15. suntrust actually put a buy rating on this one, stuart, from a neutral and say that the new moneyization efforts, the ad partnership and a twitter audience platform all of those things that they're doing can lift revenue and that's why they're raising this one and twitter on a day with blue and red, twitter is the winner. >> why is keith fitz, as we call him, shaking his head on the news on twitter? tell us. >> we've seen this play book how many times before? they can't monetize it, it's a trolling venue and

today from the d-c commission on the "pepco-exelon" merger. sam sweeney is in the abc-seven newsroom with the detials. autria--- in the last 20 minutes, dc's public service commission shot down the 6.9 billion dollar merger of pepco and excelon. this merger would have affected millions of customers from new jersey down to virginia. the dc commission says this merger is not in the public interest. calling it a bad deal for the district the chair of the commission says there was more interest and active participation on this topic then any other decision in the last 100 years. opponents said the new combined company would not be friendly toward renewable energy... including wind and solar. proved that the new company would improve reliability or be a benefit to customers. more than 3000 people, companies and non profits submitted written testimoney for and against this merger. pepco and excelon have 30 days to ask the commission to reconsider use breaking dc denies pepco/exelon merger a change for metro bus passengers this noon. metro calling on