cases it turns into a liability. >> that was noted short seller jim chanos announcing his short on solar citythe halftime report today. that stock ending lower by more than 11%. that was in fact the biggest decline in 21 months. and the carnage in the solar trade was beautiful. sunedison down more than 22%. first solar down 10%. sun power down 13%. here to respond to chance o. chanos is solar city ceo and co-founder lyndon rive. great to have you on the show. >> thank you for having me. >> you wanted to phone in to us that the comments that chanos made outraged you essentially. in addition to what he said that we highlighted there, i have the slides from his presentation. he also says solar city is really a financing scheme. what do you have to say to chanos? >> yeah, i just think he needs to have his facts straight. just correct a few things. subprime market is customers whose fico scores are 640 and below. our average customer fico score is 750. so it's really good customers. the lowest customer that we'll accept is a fico score of 650. but this aside, the value we bring to customers is sav

in one month alone you point out solar city is down 21%. we be concerned about the ability to fund its projecproje >> no, we shouldn't. the fundamentals continue to be strong. solar costs continue to fall and companies like solar city are dependent on the investment grade market. that's a very deep and strong market and fundamentally what is driving the value here are long-term contracts with highly credit worthy customers and we think that's a kind of asset class that's going to have long-term ability to achieve financing. >> last week the stock got a jolt when the short seller unveiled his latest position that would be a short against solar city. one of his thesis is that solar city is a subprime financing company. we had the ceo call in and he made the point the fico scores are high, the minimum is 650. i pulled the bond report 2015-1 and it does say that the range is as low as 558 on the fico scores. what is the truth here? >> sure, i think when we look at the fico scores we see an average above 735 and the proof is in the cost low 4%.

i would point out that solar city's burning an awful lot of cash. hundreds of millions of dollars every quarter. it has a lot of debt and it has negative ebita. in this kind of environment that is a very scary proposition. they're going to have to raise a lot of money in a model that i think is, has been passed over in terms of the more institutional and distributed model of solar. >> doesn't it remind you of some of the other vendor-financed companies. in other words, these are our customers and yet we basically foot the cost of them buying our goods because at some point that's going to be a much better business. what other companies does that remind you of over the years? >> it takes us back to the old telecom days where lucent was financing the sealex to buy their equipment. >> let's circle back to the big integrated names. you don't like shell? >> i don't like shell and i don't like chevron. >> why pick those two? >> we are really bearish, separate viewpoint on energy price, on the lng space. had this is going to be one of the great white eleph

lyndon rive, the co-founder and ceo of solar city.sk that specifically meaning vivant in case sunedison had to walk away from that deal for whatever reason. >> right. it sounds like that's probably not in the cards. sounds like he wants to do more for roll-up and get growth somewhere outside. chanos's point on this is it's like the old telecom companies. >> got the final call from the options pits. stay tuned. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. it means you can also afford to get up to 50% epic-er epic rides. making it the place yippeeee! to find a place for labor day. go and smell the roses! oh, thank you,i like your pl

emily: you have a partnership with solar city but you are also competitors. what sort of immediate impact have you seen from the joint venture with solar city? emily: what do you think of the -- tesla battery and what do you think the impact is that batteries going to have on the market? tom: the tesla battery is causing people to say this is for real. we are battery agnostic. we think there's going to be a lot of great technology and it is helping mainstream storage. it is a little early and will take a few years, but as we mainstream storage, you can use solar energy when you want. combine that with energy management and you get a great solution. you will have total control in the future. emily: thank you so much for joining us. really important, talking at the future of clean energy today. next, the stripes ceo on his new partnership with lisa. how the company plans to expand its global reach. and what is the github ceo planning next? ♪ emily: visa is leaving a $100 million funding round and stripe, valuing the start up at $5 billion. lisa is betting egg o

davidrichdavidwith solar city. wish you continued success. >> if i may real quick, we just launched our website, www.givepowerfoundation.org. please check it out. you can get involved and have a tremendous impact. >> it's not just schools. this is so successful you're trying to get into. >> health clinics, refugee clamps, women's job training. even just charging a cell phone can change worlds to a community that otherwise would have no contact with the outside world. >> can congratulations again. let's head to a little scare for lake county again, ladies? >> this one is called the calfire. already 50% contained. they tweeted about it after 3:00. it was 20 acres. here's a picture of some of the smoke. jerusalem grade and june bug road northeast of middleton, 50% contained. >> hard to believe another fire burning in lake county. the weather a little warm out there, a little dry this afternoon. but conditions will be improving as we get into the evening hours. we'll take a look at that in just a moment. a live look fr

solar city as well. solar city was upgraded to an overweight at morgan stanley. s recently said he was shorting the stock. the stock is down a bit over the last month. we have seen solar companies fall on financing concerns but morgan stanley says in the case of morga solar city they do not hold water to that. with your prices lower, solar becomes less attractive. morgan stanley says that is not the case either. you can see solar city in white versus the guggenheim solar etf. even though trajectory is different, over the past year the percentage change, both of them down by more than 30%, has been pretty much the same. morgan stanley's argument is that solar city should not be trading in line with the rest of solar. erik: thank you very much. julie hyman. coming up in the next hour of market makers, the chief u.s. , aneta markowska. ♪ erik: good morning once again. this is the second hour of "market makers." stephanie is off. let's give you a quick look at how u.s. equity index futures are trading. it will be another update for u.s. stocks. the s&p 500 of 1.25%. i

emily: you have a partnership with solar city but you are also competitors. what sort of immediate impact have you seen from the joint venture with solar city? tom: the joint venture is 8.3 with first solar. that gives us a predictable place to sell projects which gives us an economic cost of capital. essentially, it lowers the cost of power. usually at a power plant and sometimes in residential. it shows the risk premium has come down so much that the public will buy a vehicle that will own a lot of solar assets making solar energy more economic. it's good for both companies and good for solar in general. emily: what do you think of the tesla battery and what is the impact -- what do you think the impact is that batteries going to have on the market? tom: the tesla battery is causing people to say this is for real. we are battery agnostic. we think there's going to be a lot of great technology and it is helping mainstream storage. it is a little early and will take a few years, but as we mainstream storage, you can use solar energy when you want. combine tha

the cofounder and ceo of solar city. asked that meaning vivant in case he had to walk away from the deal. >> yeah, he wants to do more for roll up and outside of the world. the point on this is that it's like the old companies. >> got the final call from the option's pit. stay tuned. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. ahh... steve, other than making me move stuff, ces. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even

you basically lease the panels from solar city. they put them on your house and collect the lease payments. in effect, if you're putting on the panels, you a second mortgage on your home. you hope it's an asset. in many cases it turns into a liability. >> you see, ty, the reaction in shares of scty when chnos revealed publicly he was short that name. josh lipton was managing in the back of earnings that hp today is the best performer in the s&p 500, up about 4% or so on and other wise decidedly down day. jim chanos saying he is short that name, not buying any of the positives that meg whitman was saying today. if you're not growing, you're in effect dieing. >> he also said he was still short caterpillar. >> if you remember, he revealed that short for the very first time a couple years back. >> scott, thank you very much. >>> what were the chances that we would find a four-star fund manager who went to the same high school as mandy in australia? we did. four star fund manager, four star anchor. despite the selloff. she will tell us

it has dipped as he began talking about solar city.le bit of a bounce off of those levels. he called it a subprime finance company. elon musk is involved with this company and one of the founders. a relative of his is the ceo of the company. interesting here this movement that we are seeing in the stock. turning to the broad market and let us look at the major averages. betty just mentioned it is bouncing a little bit off the bottom, but a very little bit. we saw the low for the dow today around hundred 38 points -- 338 points. still very deep declines across the board. look at the one-week performance here, it could set up for its worst week, down 4.2%, since november 2011. we have not seen a week like this in quite some time. said, we are not seeing a correction in the s&p 500. down 6% for the highs of the year. let us look at my bloomberg terminal and another way to look at these declines is to look at the breadth. these are the stocks trading above their 200 day moving average/ /only . only about 21% above the average. it is a broa

solar city upgrade to overweight by morgan stanley. trading 6% higher today. e you with us. a long with decline in oil because solar is trading in tandem in oil. there are concerns about this group. you had a note out on solar city end of july. since then the stock is down 14%. are you still convinced there are no issues with financing the cost of capital for solar city given the additional stock decline? >> there are are no issues at all. this company does not raise equity for its core business. it is project level financing. they just did a securitization two weeks ago at less than 5%. this is one of the leaders in solar financing. with the lowest cost to capital in the business. it has nothing to do with the price of oil. >> you're confident your price target is $75 which would imply 65% up side from where we are now. you still stick with that? that's quite a big return. >> it is. the stock was at $75 a year ago. the retained value, the asset base here doubled in the past year. the stock went from $75 to less than $50. that is classic multiple compression. s

solar city at 48 bucks starts to look interesting. >> once again oil. >> next up, biogen rbc out with a note detailing five reasons to buy biogen now. a few key highlights here. the drug pipeline remains strong. and also there's up side potentially with its alzheimer's drug. sentiment's already bearish. it could become a much more talked about m&a candidate whether the company likes it or not. tim. >> you have a case here where these guys are a candidate but the whole space is still a function of overall liquidity in the sector. we talked about the specialty drugs in the pipelines. and to me the most interesting place to play is really in the pharma, the pure pharma plays. we talked about pfizer. we talked about merck. there you have valuation up side. to me i just think part of this is a total market play on biogen. part of this is a lot of capital. b.k. talks about the investment tourism, et cetera. i would rather go into a pure pharma play. >> biogen, though, july 24th it flushed out down to 299 and change. let's call it 300. on 16 million shares. that was the same low as a previou

>> no. >> solar city. i'm in the finerman camp on the back of first solar.y. >> i'm melissa lee thanks for watching see you back here tomorrow at >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, cramer. welcome to "mad money." welcome to cramerica. other people want to make friends and i'm just trying to save you money. my job is not just to entertain you, but to put it all in context and educate you, call me at nba n800-743-cnbc or tweet mm cramer. when we try

consider the solar stocks for solar, solar city, and the ets as well. these could be a good investment. natural gas producers could see it as well. there's plenty of supply on hand and more innovatively to use that every day. some of the name, dominion and ultra petroleum as well. but remember, this is not the kind of bill that will pass immediately. there are opponents to it. they are gearing up for a big fight. the industry is expecting to see litigation surrounding this issue. >> today's power rules and the far-reaching implications, the talk of washington today. john harwood has been following it all for us. two questions, the president has broad, broad authority to impose these regulations. was there anything surprising about his announcement today? >> the main thing that was surprising was that the final target of 32% reduction from 2005 levels by 2030 was actually more far-reaching than the draft proposal had been in a year ago. it was only 30% then. we've seen this president across a range of fronts being very aggressive and trying to pursue thi

solar. four cities make it easier to install the solar system. it's called east bay sun shares provides bulk discounts on solar equipment to homeowners in lafayette, walnut creek, concord, fremont. people who work in the four cities and live elsewhere are eligible. >>> the guy or gal in the corner office probably makes more than the other employees but wondered how much more? >> the s.e.c. scheduled to vote on a rule forcing companies to make those numbers known. the pay gap has gotten extra tension as workers from companies hole protests for raising the minimum wage. the s.e.c. considered because investors have problems with the pay difference. last year, ceos made more than 300 time as much as the average worker. >>> there's a lot of dirty laundry in san francisco. we mean that literally. >> scott mcgrew, is there an app? laundry crisis, thanks to rich, young tech workers. >> there is an app. we'll get to that. this laundry crisis is a problem. laundromats are closing down because they can't afford the rent or in the case of this laundromat it

his third or company, solar city, is doing very well. so i'm blown away by the technology. i think elon is a work in progress. i mean, i think he -- there's a lot to love about him, and there's a lot of stuff that's very hard. so, you know, but i still -- to me, he's a guy who silicon valley talks a lot about disruption, and i'm kind of cynical about it. i don't see companies that are really pushing that hard on the status quo, but i think elon is, and to that degree i'm absolutely a fan of what he's doing. >> host: you mentioned tesla. how did the tesla factory end up in fremont, california? >> guest: that's an interesting story as well. there actually was a proper car manufacturing facility there from gm and toyota that had a partnership that dated back many, many years. it was supposed to be the best of both worlds. you had sort of japanese manufacturing expertise along with kind of american ingenuity and know how, and they were going to combine forces. and then during 2008 when the recession hit, it was an asset that had to go for these car companies, and tesla was look

solar city has a lot of similar structures. is it about the tax incentives?it is quite straightforward. we have a development company that builds and constructs new renewable assets. we have the holding companies. they hold the assets long-term. the value of building an asset and selling it is less than building an asset and owning it for life. the structure allows sunedison shareholders to enjoy the benefits of the project and the ing-term cash flows present these assets for the next 20 happened 30 years. -- 20-30 years. you've been buying wind and solar assets. when do you think those investments will start to pay off? brian: as we've shown in the hasuncement, each one contributed to the dividend growth. right now, the focus of the company is back to the basics, focusing on the continued execution we've had the last two years and continuing to drive value for shareholders. there is no question the u.s. is a great market for renewable energies. billion -- china, india and brazil have the highest growth markets. china continues to be supportive of renewable e

>> solar city it goes up and down, trades with the first solar. that's the better play now.e'll do a major analysis of what went wrong for what went happened. i felt that this dip was different. i don't want you catching the falling knife. cash, i think we just -- we spoke to cash, he was king. i say keep some on hand. "mad money" tonight. what is going on with allergen? it reported the first quarter and why did the stock sink? you want to hear that. i have the ceo. >>> and the house of pain, a big loss for the group, don't miss my take. >>> you have these products in your pantry right now, but can clorox help you clean up in this market? of course, it kills everything. maybe even bears, i don't know. i speak to the ceo just ahead. stick with cramer. >>> fed noise. market dips. all just hours ahead of one of the most highly anticipated jobs report. cramer's final take coming up on last minute mad. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call

solar city. we'll keep a close eye on this and keep you filled in throughout the today. >>> meantime markets are already closed for the day in japan. the nikkei closing at its low zest point since may, the downturn due to predictions of more instability, particularly in china. a lot of eyes are on twitter form the tech company has given back all of its gains since going public back in november 2013. the stock has now lost half its value since april, after recording disappointing earnings that showed it's not adding that many new users. >>> a perfect time for a weekend. new this morning, new complaints emerging about honda and the faulty air bags. investigators say 19 people reported the air bags failed during a crash. that focuses on nearly 4 400,000 2008 acords. >>> meantime toyota is still trying to recover. the automaker is trying to distance itself from takata. it was linked to at least eight deaths. toyota says it's buying millions of inflators from one of the rivals. the most proactive move

. >> solar city. i'm in the finerman camp on the back of first solar. scty. >> i'm melissa lee thanks for watching see you back here tomorrow at >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, cramer. welcome to "mad money." welcome to cramerica. other people want to make friends and i'm just trying to save you money. my job is not just to entertain you, but to put it all in context and educate you, call me at nba n800-743-cnbc or tweet mm cramer. when we try to hide from china we get whacked upside the head and the pain -- >> the house of pain. >> can be excruciating by stocks even if it's masked by the placid averages as we saw today. the dow slipping 48 points and the s&p .22% and nasdaq declining 1.9% and boy did it feel worse than that. for some stocks there was no escaping china whatsoever even though the chinese market rallied yesterday, we got news out of bmw that was extrapolated with ne

i mean of course, he is in solar city, tesla is making these batteries that look to connect to the solarry also. your mod sl a bit different in how you bring solar savings to consumers. is it easier to explain because you've got a high-profile? or is it hard centre. >> it's easier. once consumers learn that they can save money and it's no up-front cost to switch to solar, they adopt it. the big challenge is just that consumers can maybe sometimes they don't trust that it's too good to be true or they never heard of it. it absolutely helps. i think we look at our competitors as lifting the entire market together. because the real competition is still consumer, not switching over if their utility. >> lynn, are you more of a play or new construction or renovation of existing homes? because we all know that in the new home space, i mean it's just everything has been in multifami multifamily? >> we play in retro fit. so existing homes. and in fact, just to underscore how much room there is for growth in this market. we've been growing, as have been other solar companies at close to 100%, year

a quick question about solar city. when are they heading in the macro picture in the next five years? are they a buy, buy, buy? >> i don't want to do buy, buy, buy. there could be a better mouse trap that give dwrous fs you th for panels. that's not the kind of stock you want to buy here. if you want some of the things doing a good job, solar, sflr but i'm wary of that whole segment. there's plenty of randomness in stocks right now, but that doesn't mean we forget about our substantial positives, and they're why we held onto today's gains. tonight, it's been a wild, wild ride on the averages and a flow of newly minted public companies has now slowed to a trickle. so is the ipo window slammed shut? i'll give you my take on the latest companies going public. >>> i've called housing one of the top investing themes of 2015, but did the latest quarter from toll brothers bust the thesis? i'll tell you if it's time to pull the mug on home builders. is denim dead? not quite. i'm talking to pbh's ceo after earnings get the good

solar city, sky works, cree, micron and gopro all in the green. you're watching cnbc because we are first in business worldwide. a number. s but not every insurance company understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. thankshow may i help you?s list. i heard i could call angie's list if i needed work done around my house at a fair price. you heard right, just tell us what you need done and we'll find a top rated provider to take care of it. so i could get a faulty light switch fixed? yup! or have a guy refinish my floors? absolutely! or send someone out to groom my pookie? pookie's what you call your? my dog. yes, we can do that. real help from real people. come see what the new angie's list can do for you. >>> welcome back to "the halftime report." barclays shifted their rate hike from september skipping over december, skipping over january, all the way to march

but in solar city specifically scty for the month of july it doesn't seem to be taking place like it did prior. reported earnings a week ago. almost a 40% short interest. seemingly there are some tail winds to this stock i think. i don't think you want to be short this name for sure and if you do believe in the space this is one name you could own right here. >> could you possibly own coal? >> no. i would stay away from it. if there's any name in the solar space i like right now i think of the names out there first solar would be my favorite. >> macau's gambling revenue falling 35% in july. is it a warning to the rest of the world? >> it's not a warning. this has been going on a long time. year over year you're down 34 1/2%. it's an improvement over june. depending how you want to look at it it's a relative victory. the chinese visitation to the macaw casinos is down about 10%. i think it's probably stabili stabilizi stabilizing. look at the charts of sands, wynn, and even melco. these are names it looks like the chart's very constructive and it's not time to run back in at least on

i think solar city is an expensive stock. >> another name with high u.s. exposure. >> i know. solar panel on my roof. i spoke to a utility guy about putting one on. i want the tax credit. that's a buy of stock and of a guy who is hated by the shorts and he has been a tremendous -- he runs his stock better than anyone else i've come across. he's a great stock runner. he's also a manufacturer but he's a great stock runner. >> he's a pretty extraordinary gentleman. >> he is. remember when we talked about if we should be jealous of him. >> i prefer not to be jealous. at our age, there's not that much time. let's not bother with jealousy. >> it's inappropriate. >> yeah. >> as of this moment, it is the strongest rally of the year, but it does not make up for yesterday's losses. bob pisani is on the floor. >> it's a nice open. almost every stock in the s&p 500 are up. and i think the most important thing about today is we're moving and europe is moving independently of china. i want to show you the futures. something interesting happened. futures started moving up even before china c

solar city getting a boost on a bullish analyst call. ask why they think the stock soared more than 115%. we'll follow wild market moves. netflix may find itself measured by nielsen. we'll discuss what that could mean for the company. >> two giants from the world of tech and finance. former aol president and ex-citigroup vice chair will rhodes will join us. my name is rene guerrero. i'm a senior field technician for pg&e here in san jose. pg&e is using new technology to improve our system, replacing pipelines throughout the city of san jose, to provide safe and reliable services. raising a family here in the city of san jose has been a wonderful experience. my oldest son now works for pg&e. when i do get a chance, an opportunity to work with him, it's always a pleasure. i love my job and i care about the work i do. i know how hard our crews work for our customers. i want them to know that they do have a safe and reliable system. together, we're building a better california. >> tech stocks swinging around. netflix up almost 7% today. amaz

we're talking about companies like first solar, solar city and also trina solar. the etf's are popular as well. those are things to watch. you also mentioned that the commodity complex was hit today. i do want to mention oil prices down 4% on the day. 20% on the month. 45.17 is where wti closed. it's been a rough stretch for oil. we're looking at a march low as the level of support. we're not that far away. back to you. >> thank you very much jackie. maybe as close to throwing down the gauntlet of the change that any elected official has attempted. >> yeah the president -- >> today we're here to announce america's clean power plan a plan two years in the making and the single most important step america has ever taken in the fight against global climate change. >> as i was saying the president was clear that he intends to be an agent of change on this issue. it is not sitting well with many in the energy sector. >> joining us on the phone is the chairman, president and ceo of american electric power. thanks for joining us. >> were you at the white house? were they

>> solar city, jet blue, sky works, cvs, all high-quality names. under armour, these are quality names. kind of companies you want leadership in the group, not too much exposure internationally. leaders in the companies, market leaders and that's what you want to focus on in portfolio. >> what about you, bernie? how are you using this correction? >> same way. we've been buying, for example, target, tjx, both retailers offering real well, minimal exposure to china obviously. i think they were unfairly punished in this downturn. >> do you think the market can end higher or flat at the end of the year? >> well, we've been thinking the market is going to be flat to slightly up, raerd subdued returns primarily because of valuation and soft earnings. we think there's probably better opportunities in europe with good earnings rebound. >> any particular place in europe? >> middle of europe, not yapz but europe in general is doing well. spain, ireland is doing well. france. now i know there's a big selloff today in the last couple days. but again, they expe

of not that he hasn't had tough situations in the past, but when you have solar city and tesla and yount miss and a downgrade of your sales that phil lebeau correctly called is nearly 10%, that's something that will hurt the stock and it'll usually hurt the stock to the tune of somewhere close to that 10% number. >> ben, what would you like to hear from musk on the call? >> well, we'd like to hear how like you asked the question about how they're going to get to the 500,000 cars. what gives us comfort if we can't, you know, ramp up production now? what gives us more comfort around that. comments around demand and the energy storage business and the demand they're seeing would give us more comfort there, as well. >> appreciate you joining us, ben. tesla's shares down about 10% on this. >>> let's get out to an eye o on the green mountain shares. >> they reopened about eight minutes ago. a stock you can see there down 27% on 569,000, now 572,000 shares worth of afterhours volume. earnings that narrowly beat sales that missed. a share repurchase program, but then a slew of other news items

. >> out of favor is solar city. promoting the acquisition of solar power. >> i've got to hold my nose. >> right. and then a railroad, kansas city, that's looking at moving into the northern portion of mexico. >> had you one during the breaky. >> i want to be a major contrairian and like brazil. >> how do you buy brazil? the market outright? >> etf. >> i think just this was the last phase of the end of the commodity bill market. >> you think -- that's done? >> no, i'm not saying it's done here. i'm saying -- i think the commodity price is bad. i think brazil still. >> stinks. >> again. >>> coming up, wes craven. ♪ we just should read a few things. died 76. wes craven died at 76. all the great movies. >>> promising study results on the new cholesterol fighting drug the ceo of the company -- cue the crickets, please -- we check out all prices. stay tuned. "squawk box" will be right back. this just in: 50 million customers' data was not compromised this morning in a security breach that didn't happen. wall street. not ra

solar. four east bay cities make it easier to install solar systems, thanks to a new program.ay sun shares, provides bulk discounts on solar equipment to homeowners in lafayette, walnut creek, concord, fremont. people in those four cities and elsewhere are also eligible. >> warmer, cooler? >> warmer and lots of sunshine. yesterday we had those clouds for most of the morning. today we will not see that, even as the sun rises we won't have the typical low clouds and fog across the bay. let's get a look at what's happening now as the sun rises. we see from the north bay it is clear, even looking over towards san francisco. now the temperatures will be starting to warm up today and tomorrow. seven-day forecast now coming up at the bottom of the screen, we reached the peak of the heat tomorrow. looking right now all across the bay, it is 60 degrees for most of us. the north bay is a cool spot at 53 degrees. into the afternoon, it will be a little bit warmer than yesterday reaching 84 in the south bay. peninsula 81. the north bay 85. east bay 78. tri-valley reaching 87. san francisc

solar. four east bay cities will make it easier to install systems thanks to a new program called the east bayiscounts in lafayette, walnut creek, concord and fremont. people who work in those four sis and live elsewhere are also eligible. >>> we all know that the guy or the gal in the corner office probably makes more than the rest of us but have you ever wondered how much more? >> the s.e.c. is set to vote on a rule to forcibly -- the pay gap has gotten extra sustains this year as workers from various cunning hold protests. the s.e.c. is concerned, because investors sometimes have problems understanding the pay difference. last year ceos made more than 300 times the average worker. >>> well unashamed and unapologetic, a southern california morn set she is didn't do anything wrong when she left her baby inside her parked car, locked so she could run inside the car. >> a young man disagreed, and like so many he reported his outrage. who's the one that left the baby in the car? >> i'm standing right here. >> it's hot outside. >> it's really that hot? >> carl paz, the fellow says it was 82 that

we are not clear roof top solar in the city [inaudible] would not necessarily be considered clean green renewable energy under prop g and they would be counted under the boards measure, prop h. we are going to-while we are above the minimum compliance, we are going to be aloud to count roof tops that go solar sf [inaudible] all those roof tops could be counted against us for category 3 so it will give the ability to count those similar to category 1 and not count against us so we can get as many roof tops in the city. thank you >> thank you. any other public comment? >> all right, the next item is a quarterly audit and performance review report. nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects

we are not clear roof top solar in the city [inaudible] would not necessarily be considered clean green renewable energy under prop g and they would be counted under the boards measure, prop h. we are going to-while we are above the minimum compliance, we are going to be aloud to count roof tops that go solar sf [inaudible] all those roof tops could be counted against us for category 3 so it will give the ability to count those similar to category 1 and not count against us so we can get as many roof tops in the city. thank you >> thank you. any other public comment? >> all right, the next item is a quarterly audit and performance review report. nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects

we are not clear roof top solar in the city [inaudible] would not necessarily be considered clean green renewable energy under prop g and they would be counted under the boards measure, prop h. we are going to-while we are above the minimum compliance, we are going to be aloud to count roof tops that go solar sf [inaudible] all those roof tops could be counted against us for category 3 so it will give the ability to count those similar to category 1 and not count against us so we can get as many roof tops in the city. thank you >> thank you. any other public comment? >> all right, the next item is a quarterly audit and performance review report. nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects

. >> four east bay cities making it easier for home owners to switch to solar energy will rolling out a new program called e space sun shares. the residents or people who work in the cities but live elsewhere are eligible. necessity can get discounts buying, leasing and free evaluation and loans. you must sign up by november 6. several free work russians are coming up and we have all the information on abc7news.com. >> netflix is upping things in the competition to attract tom employees announcing a maternity and paternity leave policy that could be a game changer. janet o joins us with the details. >> netflix has become the most generous company in the bay area and, perhaps, in the entire country allowing new parents to take a year off. >> netflix is changing the landscape for working parents. the video streaming company based in los gatos announced to the 2,000 employees they can take as much time as they want during the first year after a child's pith or adoption. with pay. parenting advocates applaud the move. >> the first year of a baby's life is critical for bonding and brain de

community meeting in hunters point this was part of the policy we'll be joining who other cities adjoining the solar on the lead of lancaster and california and appropriate because there was a lot of community capacity to move the solar agenda in hunters point solar is for every one of or tenants and tlrt that solar is for you, we pass the resolution if if spirit and berry and terry are a and the whole team put together this task force to give light to the policy and change the state code and bring the stakeholders and community and labor and the businesses and department and other departments and i tend to think we'll learner tonight we're getting very close to an actual ordinance and based on all greatest work in the department in bringing together the stakeholders that makes that a success to all the difference city agencies and everyone that has a stack this could rumor has it very well be the strongest ordinances of its kind in the land not to put pressure on you berry he's been working hard everyone please welcome berry hover to the commission. >> and thank you, commissioners and director raph