meg whitman has been able to pull rabbits out of a hat.m wanting to hear your interview and maybe there is something to -- let me put think the way. michael dell had a company i didn't think was worth that much. that was a mistake. it was worth more. maybe this hp is dell. maybe this hewlett-packard enterprises is more cisco-like than i realize, more emc-like. maybe they'll do acquisitions and have good flow. >> we get to ask meg whitman some of those very questions. you can participate, should you choose to. i know you'll be listening closely. >> to you asking the questions. >> actually to meg answering them as she does every quarter. joining us is meg whitman breaking down the quarter. >> good morning. glad to be here. >> would love to start off with the big picture here. now that you've been into this for over six months probably at this point, why do you still feel, in fact you said you feel more strongly than ever that it is right to split this company? >> yeah. we've been at it now for six months. i am more convinced than ever this i

and meg has this kind of way of putting things. is i don't know. >> she is like -- >> i think they're going to do us. >> really? >> i think you're right. >> that's exactly how i feel. is this it? is this how it's going go down? and she is i don't know. that's what it feels like. now i know what's going to happen. they're going kill us. they kept telling us they were going to release us, and they never did. we had been in the jungle days. and now we're in a graveyard. they took our media. so there is no evidence now. they have everything. they have us. we're going to be shot. so we waited. and four or five soldiers showed up. and they took me by myself. meg was just like -- she just said goodbye to me. >> goodbye. >> they both said goodbye to me. >> see you. >> it was -- it was -- i went with them. i left. now i know what's going to happen. they're going to kill us. i don't know why, but they're going to kill us. i kind of gave up at this point. i feel kind of in a weird way ready. i mean, maybe this is how it should have been. i me

. >> but you're buying this turnaround from meg whitman, buying that she will be able to grow that. >> in terms of this split what sort of caveats would you lay out? as a company split take two new ceos, what would you get thrown at you? >> always talk about the new ceo coming in and lowering the bar and giving it the kitchen sink quarter so that they put out expectations that they know that they are able to meet so we could see that. there's a lot still to do and allotted of time left before we actually see the split, so it's okay right here. i think there's other things that maybe a catalyst could work a little more quickly. >> do you think there's more risk to the upside or downside? >> whaefsh said is correct. it's not the sectsiest name at all. if you're looking for a trade i don't think the setup is all that bad to the long side in hewlett-packard. we talked about it last night. i think enough people have sold out of it where you have a little bit of a jim start here to get to 38 bucks. i know a lot of analysts on the street are anywhere from 38 to 4. i'll take the lower end and

>> and now it was victor and meg and robert and myself.about what we wanted to do or what our plan was, two of the men who had passed us earlier in the day showed up. one of them was bleeding, and they were completely terrified. apparently they had been cutting bamboo and people had just started shooting at them. that's all they could say. and then one of them sort of showed where the third man had been shot, that they had killed him. and they continued back to paya, where our guides had just run off to. i was trying to delay panic. i figured there would be time to panic later on. but at this point we needed to figure out what we were going to do. i remember being quiet. i remember not really saying much. i just kind of went back into myself. this wasn't really my game. robert was the one that suggested -- >> i think we keep going. >> -- toward the ambush. >> it will be safer than to turn back. >> what about victor? >> we stay together. >> mark, are you happy with that? >> i'm scared. but this was something that i kind of hoped to encounte

our david faber asked ceo meg whitman whether she regrets splitting the can and if she thinks other ceosd follow suit. here's her response. >> i say this is totally the right thing to do. you cannot believe, i can already feel the difference in the companies in terms of accountability, focus, cost, more focus on cost. you know, less of that insatiable desire to hire. it is really, you could almost see it change in the culture before your very eyes in a really positive way. so i'm excited about it. >> she's excited, roger, but it's time consuming, it's expensive. the $1.8 billion restructuring charge did spook investors a little bit. what's your take on the progress? >> sorry, i think it's a very logical thing for them to do. i think it makes sense. people you know, forget how big hu hewlett-packard is. they'll divide it up in two very logical way, they've got slower growing pc and printer division and the faster-growing storage servers and networking group. as meg was saying, dividing those in two different companies, they'll operate a lot more efficiently. a lot more effectively and it'

good morning, meg. >> good morning. we'll start with the markets. stocks could start on a down note. futures point to a lower open. markets ended mixed last week. we get data day on home prices, new home sales and consumer confidence. the nasdaq slipping two points to 5089. charter communications struck a deal to buy time warner cable for more than $55 billion. it comes amonth after comcast, parent of nbc universal, dropped the merger after regulators raised antitrust concerns. charter will also buy smaller rival bright house networks giving the combined company more than 23 million cable customers. it would control a quarter of the high speed internet market. comcast time larner cable would have served more than half. amazon may be setting sights on etsy. the "wall street journal" reports the online retailer plans to open a marketplace for hand-made goods and invited etsy sellers to sign up. no details on when the site will are be rolled out or the fees amazon will charge. back to you guys. >> all right, meg, thank you very much. >>> 4:46 right now

emily: hewlett-packard just that with earnings, we will look at the numbers and how it could impact meg whitman's plan to flip the company. ♪ emily: and i'm emily chang, and this is "bloomberg west. " i will be joined by the ceo of solar city. plus, how twitter plans to make more money and five, not so easy steps, and what that tells us on what social media is heading to do. why a tech bubble may be a good thing for hollywood, i will give you a sneak peek of my conversation for the creators of hbo's "silicon valley." all of that ahead on "bloomberg west yuriko." at the end of the year -- joining us now our editor a large, cory johnson is here with me in san francisco and an others from new york. give us the headlines. guest: everybody is focused on the split of the company later in the year and what we need to see from hp is in a competitive environment is topline growth. across the major segments across pcs services and servers. it has been a mixed bag, right? we had lenovo last night, and we had hp today. the environment overall seems challenging. hp is executing the best they can foc

we will look at how it could impact meg whitman's land to flip the company. -- plan to flip the company. i'm emily chang. coming up, solar city's plan to tie up with tesla's battery -- they may not work so well yet. i will be joined by the ceo of solar city. plus, how twitter plans to make more money in five not so easy steps and what that tells us about where social media is heading. and why a tech bubble may be a good thing for hollywood. i will give you a sneak pre--- sneak peek with my guess from tonight's studio 1.0. first, to the lead -- hp sales topping estimates -- the company seen strong demand for corporate servers. what could the changes mean for hp's split? we have assembled an expert panel. our editor a large, cory johnson is here with me in san francisco and an on-screen of awesome is from new york. give us the headlines. guest: everybody is focused on the split of the company later in the year and what we need to see from hp is in a competitive environment is topline growth. across pcs and services, it has been a mixed bag. we had lenovo last night and hp today. the envir

for "nightly business repor i'm meg terrell in new brunswick, new jersey. >> still ahead, are bond mutual funds and certain etfs a bigger risk than you think. what regulators are saying about these popular investments. >>> labor organizers and workers protested outside of mcdonald's headquarters. they demanding higher pay. $15 an hour. mcdonald's said it would raise e starting minimum wage to $1 above the local minimum wage at company-owned stores. the demonstration comes ahead of the company shareholder meeting scheduled for tomorrow. >>> th -- protests come one day after los angeles will increase its city wage. hiking pay to $15 an hour by the year 2020. the current minimum wage is $9 an hour. that measure would require business with more than 25 employees to comply while smaller businesses have an additional year. >>> and one company that recently increased pay for some of the workers is target. that company reported earnings and retch that top -- revenue that topped analyst expectations citing strong demand at the center of the growth plan and increased the full year earnings guidance

for "nightly business repor i'm meg terrell. >> coming up can an in vestment banker by trade find the next best thing on a pig farm? his story, coming up next. >>> here is what to watch tomorrow. we'll have results from more retailers including nordstrom and kohl's. on the data front, the consumer price index will be out,s in important indicator and jobless claims and that is what is on the agenda for thursday. >> facebook wants to give the low wage workers a pay raise. it will require the contractors and vendors to pay employees at least $15 an hour. facebook wants the employees to get at least 15 paid days off annually for holidays sick days and if they don't get paid patiental leave they move they get a 4,000 dollars bonus, bringing attention to the wage gap in silicon valley. >> japan's biggest carmakers will investigate worldwide, recalling 6.5 million calls, honda didn provide details so this brings it to 31 million worldwid concerns that takata airbags may explode and send shrapnel into drivers and passengers. radioshack has a new owner and standard general was the winner and a

the nasdaq slipping two points to 1859. >> meg terrell with cnbc. thank. >>> now your "nbc 10" first alert weather. >>> clouds are out of the picture for us today. we will see lots of sunshine. dress lightly. it could be heating up this afternoon. possibly the hottest day of the year for philadelphia. if you are looking for relief you'll find it on the beach. temperatures in the 70s. that's a live view cape may from the marquis de lafayette hotel. wonder what the traffic is looking like. >> route 309 and susquehanna road. if you're heading home from the shore, we'll check in with shore cameras coming up. >> reporter: i'm matt delucia live in strawberry mansion. we have a closure, 29th and diamond because of a fire that has consumed some properties on the street. after the break we'll tell you more about the firefighting efforts and an effort to get this area back open once again. >>> "nbc 10" breaking news. >>> fire spread to three homes in philadelphia's strawberry mansion neighborhood. firefighters have made progress battling flames over the past

meg terrell has more. >> it is designed to be a safety net for the sickest of patients. compassionate use is a system to give access to experimental medicines to those who have run out of other options but it can be complicated for drug companies. deciding who gets to try none experimental therapy that could be in short supply and safety and efficacy aren't understood. >> the current system encourages people to be desperate and trying them out to campaign on the social media and try to call their congressman and i understand that and it is not fao one drug maker has turned to an outside panel to make decision. johnson and johnson is teaming up with a decision of medical ethics at new york university. >> the content of trials expanded access options that are out there and this new innovation and this new approach today is trying to provide a method for patients to be able to look at what is called compassionate use. >> the hope is to create a system that is fair. drug companies have come under fire in recent years as desperate patients have been denied turned to social me

meg terrell reports. >>> it sometimes is referred to aspy for performance. the idea that medicines should be reimbursed based on how well they work. express scripts this the largest pharmacy manager and it has been waging somewhat of a war on the cost of medicines. it started with hepatitis c where they negotiated a discount to provide a regiment from gilead and others and now the focus is cancer drugs for which costs in the u.s. topped $100 billion last year. >> oncology is a hot button topic in terms of the ore all -- over all cost of drugs steadily rising to the point where we're used to seeing drugs well in necessary of 100,000 dollars per patis been along with everything in the drug sector a growing noise around the ever increasing price of drugs. >> the plan has two parts. the first focuses on how well drugs are shown to work in different cancers. dr. steve miller cites a drug called tars eva. it has proven in trials to extend patients lives by months for lung cancer and only a couple of weeks for pancreatic so the plan would reimburse more for the fir

for "nightly business report," i'm meg tirrell in morris plains new jersey. >> still ahead, the big risks are taking to prop up their depleted pension plans. sare taking to prop up tare t pare takitare teare taking to p sare taking to are taking to prop up >>> more now on that massive global bribery scandal hitting the biggest sport in the world, soccer. the president of the governing body spoke at the annual congress for fifa first remarks since soccer officials were arrested yesterday. we have the latest from zurich switzerland. >>> fifa's 65th annual congress kicked off as planned today, despite a storm of controversy facing fifa and soccer. that means the presidential vote will take place on friday despite opposition. earlier today the head afa outlined how he tried and failed to convince the president blatter to step down. >> i said you have to stand down. and he said his strategy was to bring all of t congresses to convince them to work for him and he will say look at the democracy, the democracy of the most number [ inaudible ]. >> speaking at the opening ceremony the president out

meg tirrell has more. >> it is the biggest event in cancer research of the year. more than 30,000 doctors, s and invest yorz and analysts travel to chicago for the annual american society of clinical oncology meeting or asco for the progress in the fight against cancer. drugs known as immunotherapy, development by merck, astrazenecao and roach and others. >> the therapy treatments we're developing today attempt to unblock, if you will or activate the body's immune system to begin to fight off the cancer again. >> bristol myers and merck have two of the newest on the market for the skin cancer melanoma and lung cancer as well. analysts are anticipating on how these drugs and others work for different cancers as well as how they fair in combination with other medicines. >> while merck and bristol myers are the leaders of the two approved drugs, roche and astraza has two drugs not far behind. and the debate is a. how differentiates a these drugs, and is there any difference and are they all essentially showing the same data. >> and analysts are watching on updates fo

meg: the pc market is weaker than anticipated.better in some businesses like industry standard servers, so other cash flow might be lower in pc's, we will make that up and you can see that in earnings per share. we are holding our earnings per share guidance. erik: hp is preparing to split into two publicly shared -- traded companies. stephanie: for the first time, the clinton foundation is releasing a comprehensive list of the family's speech fees. this will be a biggie. since leaving the white house, the clintons have been paid at least 130 million dollars for speeches. i want to know how much that is her word. the foundation -- her word. the foundation received $25 million. hillary clinton stopped giving paid speeches when she became a presidential candidate. one-third were paid for by colleges. the cost of education is becoming a campaign issue. my brother, this is a "wow." erik: we will hear about this more and more. a huge selloff is getting the attention of investors in hong kong -- three companies lost $35 billion in value

it's been disappointing. >> meg was doing the comparison with gill yad. look at the pe, j and j has a higher pe than gill yad. >> it is interesting talking about what is j and j going to buy. it is a big universe out there. when you look at xbi smaller biotech names around 225 to 230. next week if you hear talk that j and j might buy that what is merck going to do? all these bigger pharmaceutical names, look at xbi, buy it on momentum through 230, that's how you trade the biotechs if you want to pick that up. >>> time for pops and drops. a pop of jcpenney up 6%. >> the numbers came out two days ago. i thought as a share hold, it was as good as you could expect. people want to point to they are not growing incrementally. i think they outperformed even in a weak environment. stay with the stock. >> down for 3d systems. >> pricing is an issue here. i think these stocks are over with for at least the foreseeable future. i'm a seller of triple d. >> drop for pandora. >> they lost a court decision but this is a name that has defied logic and myself over the las

. >> meg, thank you. meg terrell with stock therapy in the biotech space. >> i go to ibb.t what meg said. we always talk about binary situations. bmrn, the one she just spoke about, biomarin is up 40% year to date, ibb is up 20% year to date. the chart looks okay in ibb. i would rather not be invested in a binary situation. >> karen? >> i've been in the same ibi, xpt, we did take some off recently. ran right back to where it was. i would take some money off the table. >> that's the point you have to be worried about. the trade in xbi and ibb we've run right back up into resistance. if i were long i'd be taking profits and i'd get into it on momentum. you have to wait to see if this breaks, especially in xbi, 236, 237 level and breaks it on a closing basis with good volume, then you're safe. >>> coming up, the former ceo of lehman brothers dick fuld breaking his silence after seven years. it's what he didn't say that has everybody up in arms. >>> plus, gold, one trader bet $2.5 million that it would be up in june. back after this in the pits. you, my friend, recognize when

meg? >> good morning, joe.in new brunswick where the pharma event is about to kick off in an hour. some breaking news coming to you right now. j & j saying that it plans ten new drug filings by 2019 each with the potential to exceed a billion dollars in revenue. so potentially ten new drugs being filed by j & j by 2019. that's the breaking news crossing just now. the company also says its business has been going strong. it's the fastest growing part of j & j's entire business. it's launched 14 new products since 2009 seven of which are on track to bring in more than $1 billion in 2015. some of the new drugs will one for multiple myelopa, a drug for depression resumearthritis and psoriasis psoriasis. based on phase 2 data that it will present in a couple of weeks, there's new news coming out from j & j. as the business has been doing really strong though potential generic competition coming to about a third of the business. just in the next few years. so some challenges potentially down the line but a lot of gro

meg whitman has a pc problem. >> while the pc market is weaker than we anticipated -- pimm: second quarter earnings report, next. ♪ go straight to julie hyman with a look at what is happening in the markets right now. julie: we have been watching overall markets that are little changed, but we have seen interesting movement into individual stocks. take a look at quest diagnostics. we saw the company shares spike earlier. they are still trading higher, and this apparently is after a tweet that has since been removed by an individual calling himself options hawk. that is a buyout approach. that does spark an interesting debate. it happens once in a while when you get someone tweeting, there is no vetting, but you do get the stock moving because there are algorithms that scraped twitter and other social media sources for their trading position. beware,ware, or seller depending on what this stuff says. we will still keep monitoring quest diagnostics. taking a look at time warner and charter communications today, the "wall street journal" reporting the charter will be approaching time warner wi

with us today, meg green of meg green and associates back with us. david leibovitz with jpmorgan is here at the new york stock exchange and rick santelli is in chicago. david, this week, volatility came back. economic data mixed sat best. and the fed was out there telling us not to fear or obsess over that first rate increase whenever it happens. what did you think of what we learned this week and what does it say about the markets right now? >> you make a very good point. volatile has been high. it's been our base case all year that as we approach the initial fed liftoff we'll see volatility pick up in stock and bond markets. turning to the data, yes, the first quarter gdp print or the revision wasn't terrible but it was what people expected. we were negative growth territory, the fed seems to be looking through it investors seem to be looking through it. i'm much more focused on the second quarter numbers we've been getting. broadly we're seeing stabilization in the economy. >> what are you buying here meg? >> you know we're always in. we're never

meg, run us through. >> mandy, that's right. it sounds a little like science fiction but it's close to becoming a reality. all you need to know is it's a form of immune owe therapy helping your own immune system fight cancer. it will help patients with leukemia that stop responding to other treatments. it takes a patient's t cells out of their body manipulating them in the lab so they better attack cancer and re-infusing them. this requires a whole new way of manufacturing because each patient gets a personalized treatment. we visited the new plant in morris plains new jersey to see how it works. they have a system of tracking a patient's cells all the way from the hospital where they're being treated to the plant. similar to air traffic control. they even track the flights that transport the cells. they arrive packed in dry ice before being sorted to isolate the right cells for the procedure, engineered into super cells and multiplied so they pack a more powerful punch when they returning to the patient. when we went into the l

but do watch that interview with meg later on today.se of you planning to hit the road for the holiday weekend in the u.s. might want to head out a little early. aaa is estimating 37 million travellers will be making their way across the united states this weekend. that's the most on any memorial day since 2005. 33 of those 37 million people will be driving. aaa says the low cost of gas is encouraging more people to behind the wheel. the rebound in oil prices means gas prices have been coming up as well. >> that's true. be careful on the streets out there over the long weekend. meantime, these are the headlines. investors await a speech from janet yellen as markets look for direction before the long holiday weekend. uber fuels ipo speculation and charter is nearing a fresh bid for time warner according to reports. we'll be back in two. >>> welcome back. we have comments coming from the german finance minister. in our view the imf's participation in the greek debt talks is required urgently. a quick check of european markets. we are a li

. >> listen, i like anyone with the name meg nel philadelphia. know it, means god like. >> oh, you have a connection. >> exactly. i'm drawing sue's name. can you even see it any more? this whole wall, this whole wall of glass, was steamed up. >> it was hot and steam any here sue. >> like the situation across the country you got cool air. >> right. >> warm air coming together. >> thunderstorms, indoors, in the forecast for today yes. well we're all making -- oh, no don't say that. >> my goodness. >> look, he is spelling it though. yikes. what truly thinks. >> love you. >> love you back. we love bus stop buddy who doesn't. he is in just polo shirt to get started so a lot more muggy out there. noticeably muggy. so that's one thing and then we got the thunderstorms in the forecast for later on outside. seven out of ten is our number of the day. 72 degrees, relative humidity has gotten up there 84% right now. sticky, at least we have little bit after breeze. quite a few clouds around this morning. other temperatures lower 70s as well, so feels more li

. >>> if you combine the mega million and the powerball jackpots, the meg do a millions has ballooned to 213 million. you can see the drawing on tuesday night after 11:00 p.m. 154 million is on the line in the powerball. you can see that on "action news" at 1 >> princeton university's john nash is gone, his story of adversity ending in tragedy next. >>> firefighters had to rescue riders on rollercoasters those stories when "action news" comes right back. >> reporter: well, howdy i hope you had a nice weekend. 42 is light people will be heading back later today, this morning there's hardly anybody out and about. you can ahead -- head out to your neighborhood to honor and thank our veterans and remember those who perished in service to our country. kings highway and chestnut street proceeds to haddonfield memorial high school. main street and bud town road. to pemberton road. and a parade in glassboro starting at lehigh road and university boulevard down to university and high street and at the borough hall. quakertown, bucks county they will be marching at 9:00 a.m. at park avenue. on

i asked meg whitman the ceo of hewlett-packard where do they stand on 3d?d big time in 2016. they can come in and steam roll this industry. pete in pennsylvania pete. >> hey, jim, pete calling from philadelphia. >> hey man, how's it going going? >> great. want to get your thoughts on chip kelly and micro. they missed their revenue goal last quarter but aim to have a solid fiscal fourth. what do you think, my man? >> super microis interesting but chip kelly is a playoff potential. i'd rather see you in avago, in cyber semiconductor or corvo, and i'd rather see you in green. okay. got to give a little to get a little. i'm okay with the fireeye losses. i think it makes sense for now. mum more "mad money" ahead including my exclusive with a flute player that could conquer your food fears. it's not often a fast food change highlights a general manager on a conference call. that's what chipotle did in their latest report. we found the company's youngest ever restauranteur. plus my sit down with u.s. navy s.e.a.l.s on the difficult difficulties they face from tran

marisa meyer was first after $42.1 million, meg whitman came in second. >> did you say something hike it was friday today. on an official -- >>> on this friday night, secret past. shocking new revelations about the former speaker of the house dennis hastert. now we know what he was trying to hide with millions in hush money. sources telling nbc news it's all about sexual misconduct with a male student. >>> mandatory evacuations being ordered as texas gets hit again. unrelenting rain and hundreds of dramatic high-water rescues today. highways paralyzed by flash floods. >>> pilots targeted, nearly blinded by lasers being pointed by someone on the ground. a growing problem putting flights in danger. >>> too close for comfort. we're in open water on the trail of great white sharks 40 years since "jaws." just how close they're coming to shore. >>> also, our special salute to the class of 2015. "nightly news" begins

we should see what they think about this. >> meg, thanks so much.u're into biotech. >> this is the kind of thing we're afraid of bad trial. but i really do think we'll see more consolidation which we have seen for the last couple of years. but been a very volatile month or so. >> yeah. time now for pops and drops. big movers of the day. we have a pop for delta. up 1%. tim? >> yeah these guys continuing to do a lot of different things one is buy backs and increasingly dividend. while they continue to reinforce the fact they're cutting exposure and focusing on north america, a name i do love, i am long. >> dupont is down. >> yeah, a massive drop, nelson pelts losing out to the board. the board is taking a longer term view. in the short term you have the speculators unwinding the position. >> drop for zillow. down 2%. >> yeah they were expecting an 8% move on what they reported. they delayed the filing they guided in line with the preannounce 789 here. but the stock is down. i don't get the love affair with this. i don't short it either. >> a pop for p

hewlett packard ceo meg whitman paid nearly 20 million toed by facebook's cheryl sandburg who took home$16 million in 2014. nice to see the pay scale for ladies going up. >> looks like we have a long way to go for ourselves. >> yeah. >> not even close. >> that's okay, mike happy to have jobs shall right? >> you're priceless in my book. nice line. >> nice. thank you. good morning from the abc7 news broadcast center, jump right into it yesterday sunrise in case you didn't get to see it bev it from mount tamalpais, up over the cloud deck and stayed there the cloud deck pretty stubborn through most of the morning, one of the few areas that has been drizzly, kind of off and on, sfo, is i will have flight arrival delays coming in there the opposite end of the spectrum, walnut creek, seen more sunshine, inland east bay than anywhere else this morning. check out our ring of fire from about lake -- excuse me, lake tahoe toward redding, cloverdale clear lake expect more showers and thunderstorms to continue building one of two of those may stray into northern napa, maybe sonoma counties, the afte

i'm meg walker i work for sutter medical foundation in communications capacity i'm here to read a letter to you and put read into the record the clinic for the uninsured on the 408 hundred block of van ness the medical director couldn't be here he addresses the planning department i'm writing no support of sutter foundation proposed primary care center on van ness street camtc proposed e proposing a new clinic center in the heart of san francisco's district i'm advising gi cotton and others be provided depends upon the patients needs it will expand primary and specialist care i understand the medical care center will be open including the walk in these and they've accept more private and public providers we currently care for people with low income some of the people have purchased policies with high deductibles making access to care problematic many center will be a great access and the center will fill an unmet need for people that need primary care in the neighborhood clinic bits bay supports camtc and the net heartache services including the proposed 8g 99 center. >> thank you. next

by the time we built out as a power operation much like it is today where we've got 3 hundred and 80 meg watsz utilizing city owned this is a picture you're familiar with on our wall at 525 and our other brochures in a appealing way and for emphasis to draw out a couple of elements on the power side i talked about the hetch hetchy supplies on the extreme right the 3 hundred and 80 megawatts we didn't talk about the transition but you'll see the oakdale and turlock and the substation serving modus operandi even though and the one owned by penguin and those transition lines it get our power down into the bay area and from that point on pg&e owned transition lines to our customers here in san francisco the one hundred and 53 megawatts our transition where we interconnection in the middle the slide and to the extreme left any questions so far another pause moment to make sure i haven't lost you that's the operation of the system we say external highlights going from then to now things have changed let's talk about some of the changes and where the effect is on us thanks there's 3 major chall

i'm meg walker i work

meg terrell. i apologize about that little twist of the tongue.trange to have a rare disease maker, wouldn't it? >> it would be funny. we've talked with a lot of analysts today because there's been an unprecedented amount of trades going on. some of the hottest names are vertex pharmaceuticals. this came up with a note from jeff forge saying it's time for gilliad to pull the trigger on a $45 billion deal. gillead is not the only possible acquirer. other people say j. and j. could possibly be interested. other big pharmas. they have a big sis stick fibrosis franchise. still folks think vertex is one to watch in the acquisition space. another one we're watching is biomarin, another one in the rare disease drug maker space. it's similar to the other and makes drugs for the orphan disorders. that's an $18 billion market cap. this is both a takeout target but also a potential acquirer itself. that's another interesting one to watch. finally we're talking about aread pharmaceuticals. that makes a cancer drawing called iclusiv. it has an activist investo