i think that probably changing the program midstream is not a good idea.there are a bunch of other things that you guys need to think of. to some of these other points, the transactions and installation, how you got the equipment in the car, we have been part of many rfp's and i have not seen one of them change midstream from one percentage to another. another thing, overpayments could have been added to this. but they're not. maybe vetting this, taking a step back would be a good idea. thank you for your time. >> next speaker, please. >> jim templeton. >> thank you, folks. i started driving a cab in 1973. i have spent 35 years in the industry without dealing with credit cards. i made it as a cabdriver. i do not make any more now. i probably make less now that we take credit cards. here is the reason why. i have got credit cards. the credit-card companies what the merchant to bear the cost of these things. i have got a gold card and an american express card. as far as i am concerned, i should pay the fee. but we have got this thing going on here right now.

the appearance of 878 midstream, with timing for a committee meeting, has brought consternation in the region. >> -- supervisor wiener: i have asked the staff make a full agenda on this for the mta and i hope that staff recommends opposing 78. >> i will write an analysis of that for the staff. supervisor wiener: questions? supervisor mar: i know that the senator presented to the joint policy committee a few weeks ago, where he said he would withdraw his legislation, a 1149. i think that he held it in committee, which pretty much killed it. but 878 is still moving forward and there are still questions over the relocation of the empty building to san francisco. is that right? >> that measure is still in play. i forget the number of the top of my head, but that measure is alive and viable. he is pressing for the auditor general's report. the financing structure and the appropriateness of that investment. so, that is out there. 878, as i indicated, is alive. was in position when he gutted and amended it. 879 is formally dead by virtue of not having passed the june 1 deadline. which does no

give us the outlook of selling midstream assets.peake? >> our view on chesapeake is they have some very interesting assets. but with other assets in the balance sheet that are not so interesting, we can go through the whole issue of financing or being funded over time. but the short answer is that we think with some of the board changes, and more if you discipline a strategy of the company as you're seeing today with the sale of the midstream assets, that starts to, from our perspective, make sense. the reality is this is a company that in some business lines they had no business being invested. midstream we can debate the service side of the equation as well. at the end of the day, the question becomes, once you rationalize the assets, what is the earnings power of the remaining assets in the portfolio. number one and number two, what kind of prices can they garden her? >> i want to ask you, there's an issue, you can sell assets, there is an issue, are there buyers for the assets as they sell them? >> i think there are. there's a p

eqt midstream priced at the high end of the range.o maybe opener at 23 to 23.50 is what i'm being told and a big crowd around the post today. also, we're keeping watch on home builders and retailers. home builders moving higher in the premarket in the wake of better than expected numbers of lennar. also, of course, on the back of the better than expected numbers of kay shiller and watch on retail earls, specifically the high end group. citi downgraded macy's and saks fifth avenue. contraction of spending of high-end consumers. confidence has dropped and april and may sales were weaker than expected. the dow now off the best levels of the day. the nasdaq is holding on to just about a 15.5 point gain. >> thank you. >>> rick san tell will in chicago. go ahead. >> thanks, jim. we all know that we have another day of supply in the u.s. today it's five years. yesterday it was two years. you know, it was an average auction yesterday. remember, on the twist, buying the long end, selling, you guessed it, the short end. might explain part of it

they do it in midstream, right down the highway, flying about 70 miles an hour.b out of their truck, they reach forward, and they pull the goods off of the truck. now, police say they were part of a gang of about 20 people right now being questioned. the suspects, yeah, these guys are very talented and crazy brave. they say they've used this technique to steal $400,000 worth of goods. all tom cruise.

you don't change the rules midstream on people and get mad at them if they don't love the new rules. especially if you have a personal aversion to something like -- she wants to be a modest woman. somebody seems to have a little kinky thing about little skirts, school girl things. i would be uncomfortable with it, too, unless i had really great legs. >> and then i'd say yes. sign me up! >> no, no. i'm on her side for this one. i think she's justified. they're saying, we didn't fire her, she quit, but if you can't make a living, what's the point? >> people do that to you. they cut you back so far you have no choice. >> yeah. because they don't like to pay, what's it called? >> unemployment? >> yes. >> that stuff. >> now, if you've ever seen one of those men with a unibrow and you think, why don't they just pluck the middle, it gets in the way? well, it's about to be trendy. a university of kentucky basketball player named anthony davis is in talks to trademark his unibrow. we can't see it there, but we will get in closer. look at it. look at it! >> oh, my gosh, is that real? >> yes. h

by the way, shares of eqt midstream are on fire today hitting session highs now as we head toward the close. it is the first company to go public more than a month after the fb trading debacle. are things turning around? or is it a company specific issue. >> joins us is scott cutler. >> took a month to get a company to go public again, huh? >> yeah, we had a brief delay? >> why? is it connected to facebook? >> i don't i think it's directly linked to facebook, you had bankers telling companies not to go public because of the greece elections. we have this deal today, another tech deal that prices tomorrow night, and the pipeline looks more optimistic. but again, i think we see good signs of things to come. >> i was reading for the first six months that come to an end this week of this year, the ipo amount raised is lower than last year. we go back to 2009 for that. so it's been a tough market. >> we have seen slightly less from the ipos this year over last year on a less number of deals. so the facebook impact is certainly a bill part of that. last year we saw some big exits that we ha

stopping the game in midstream and saying let's start it over. no, we elected this guy, let's let him finish his term. we'll figure it out at the end of it. that is part of it. anderson, the voters were evenly divided. on o the fundamental question, restricting collective bargaining rights and other actions against the unions that they found to be punitive. you had an evenly divided electorate. then you add in concerns about the recall. what is interesting to me, i think a troubling lesson for democrats, is that a fair amount, about 1/3 of union households supported governor walker. if this was about union rights at the beginning, the union workers decided to support him. was the money well the spent? is there a better way to spend it. if you look at alex's point, there are important lessons and warning signs for democrats. >> alex, they're saying the democratic ground game was good. they were overspent. do you think it was good? >> i think the ground game was good, but this was a test of president obama's philosophy for the coming november elect

they own a 50% stake in dcp midstream one of the largest processing firms in the united states. 64% ineck spra energy partners which owns pipelines around america and billions of feet of storage capacity. they have higher yields than the parent spectra energy but offer less stability. think of s.e. as the low risk way to have the businesses. it's gigantic. plus, spectra got approval from the federal regulatory commission to expand the network to bring much-needed natural gas to high demand markets in new york and new jersey. it give use security and i think it will grow. currently paying a buck 12 a year expected to increase through 2014. not only is the 4% yield better than treasuries but it will pay you more over time. don't take it from me. the president and ceo of sec pra energy. find out more about the company and where it is headed. welcome back to "mad money." >> thank you very much. >> first you have the terrific may 22 approval. tell us what it means for the longer term for your company. >> well, full steam ahead in terms of building a 1.2 billion dollar project to serve new j

at the searo, and eqt midstream is a master limited partnership, it's aiming to raise a quarter of ad the i.t. cloud company servicenow valued, if it raises $186 million this week. they compare small to facebook's deal, which of course single handedly propped up the year's ipo value. if you exclude facebook, volume is down 52% from the same time last year according to dealogic. it wasn't the cause of the slowdown in activity. facebook itself went public in an unideal macro environment. and sources say if it-been so closely watched, it too would have been delayed. the main indicator used by underwriters to see whether it's a good time to go public is the vix. so while it's good news to you four companies in the pipe lynn, with that performance today, it may mean they don't all happen. we know that e.q.t. is set to price tonight. that's the one to watch tonight. >>> it has been a very busy week for the red-hot start-up flipboard, teaming up with google. just today inks an exclusive deal with the "new york times" to carry the premium content. that's the first time that the times has eve

obviously the president interpreted that midstream. let's remember, when he takes office in the fourth quarter of 2008 and the first quarter of 2009, our economy is shrinking at 7.8%. we've lost 4 million jobs and we're losing jobs at 800, 000 a month. that's the economy he took over. so of course it was on a deep dive indeed, most people, many people feared we could go into a free fall, even a second great depression. and the steps the president took didn't stop that on a dime, but they had a significant impact. we returned to growth in the second half of 2009. one year after we were losing 800,000 jobs in march 2009, job growth was going. if you look even how we are comparing to the last recovery, the tapping under president bush, we are over 2 million jobs ahead of pace than we were in the last recovery. >> what does that mean, though? because we have 735,000 fewer jobs than we did when this recession started and that obviously doesn't count for growth of population much the hole is way bigger than that, gene. >> erin, there is no q

and i was struck as well by how hesitant some of these women were to swap horses midstream.1994, that slogan was coming back. it was quite unique. >> and normally that's a war mantra. it was made famous by 44 and bush may have benefited from it in '04 in a very close election, with same women voters over a different issue. >> but, i also think they're smart enough to know that this is not just president obama's economy. they remember 2008. they know what happened. it's still very clear in the rearview mirror. and i think they are more anxious to see people coming together and figuring out the solutions. >> when we come back, i want to talk pennsylvania, i want to talk hispanic media buys. we were just off-camera. a lot to get to. but first trivia time. we asked who was the only sitting member of the house of representatives to be elected president? the answer. james garfield. 19 presidents have served in the house, but garfield was the only one to be elected president directly from congress, but it's because he didn't have to go through the primary process. we'll be right ba

it's very cheap right now and especially in the midstream, things are expanding an i feel like they canlot of work available for entry-level jobs. >> are you surprised we don't see more natural gas issues being brought up or in this state -- i mean, when you get there, i was in oklahoma. i mean, natural gas is everywhere in terms of an alternative fuel. now, student that is you go to school with, do they see the world in energy terms? what about battery cars? what's the talk on the campus? >> a few professors push ele electric cars and students work on those and that's a hobby they talk about. >> that's great. any thoughts about the linkage between fossil and battery and taking care of the earth, global warming? big discussions that you have with your peers? >> these are big discussions and it always comes down to the balance of what's efficient in the markets but the same time good stewards of what we have been given. >> that's too much logic for a young person. now, i've found that wasn't your girlfriend. you're married. to me it is a bit unusual. to get married while you are in colle

the american energy production sector from upstream, midstream, downstream, is accountable for six million jobs in this country and we can grow more jobs. we can grow more jobs beyond that. good paying jobs if we do this. and meet our energy security needs. bottom line is this. i would ask my colleagues on the other side of the aisle to take a look at that plaque up there near the ceiling, just above the speaker's chair. read the first sentence. it says, let us develop the resources of our land. a quote from daniel webster. we should heed that advice. we should develop the resources of our land. let's develop our american energy production in the gulf of mexico and alaska. let's develop it in shale. let's create jobs, let's create a secure energy future for this country and let's move this country forward. madam speaker, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from utah reserves. the gentleman from colorado is recognized. mr. polis: thank you, madam speaker. if we defeat the previous question i'll offer an amendment to this ru

with regard to the quite at -- credit default swap traded by jpmorgan chase the cftc is currently midstream and standing up reforms that promote transparency and lower risk in this marketplace. the cftc has made significant progress implementing the losses of historic reforms completing 33 key roles but four years after the bonanza crisis and yet two years since they passing of dodd-frank i think it's time we finish the job and complete the nearly 20 remaining rules. we must not forget the lessons of 2000 crisis. swaps executed offshore by u.s. financial institutions can send risk straight back to our shores. it was true with the london and cayman island affiliates of aig, the lehman brothers of citigroup and bear stearns, yes they all were in london in the cayman islands and yes a decade earlier long-term capital management with his committee had hearings and looking its $1.2 trillion derivatives where -- the cayman islands offshore. the recent offensive jpmorgan chase executing swaps as london rants are a stark reminder of this reality of modern finance. for the public to be protected swa