solar city hired about 2- couple years. but the nevada solar industry employs about 6-thousand people. ...many of them have rooftop panels just like this one. today... at solar city... dozens of employees trying to figure out their next move. the company said they had no other alternative but to cease nevada sales and installations. but... they vow to fight what they call is a quote unquote "flawed decision" so they can try to protect nevada customers and employees. we met one of solar city's project manager's.. jenny browdy who had no idea this was coming.. ((jenny browdy - project mgr at henderson warehouse her name is dorothy, she's a month old, i'm currently on maternity leave but unfortunately just found out that by the time i come back i won't have a job )) the p-u-c voted unanimously to energy will pay for net metering .. which is the excess energy solar panels create. the puc also agreed to change the flat service rate for customers with solar panels. rates will begin going up january first. what they will be... has

reed: senator reid sided with solar city. brian sandoval agreed with the commission. the new rates have yet to be determined but will take effect the first of the year. southern nevada health district confirming the first flu death this season. health officials are urging all of you to get a flu shot if you that is the best chance to reduce the chance of getting a virus, which tends to peak in february. mark hutchison suing on behalf of parents stuck in limbo over the embattled education savings account program. the lawsuit filed in clark county asked the court to exabyte -- asked of the tight -- expedite the rulg. parents enrolled in private school, anticipating money in their accounts in february. it allows parents to claim a majority of funds and apply them towards tuition. reed: the holidays can be a difficult time for those who have a tough time getting to th families. home for the holidays allows patients to be safely to home. vicki: for many of these facilities, a free program is necessary. without specialized assistance from amr crews, many of these people wou

solar city says therere about 12 thousand existing solar customers in nevada. they will also be impacted by this decision. nv energy would not comment on the commission's recent decision but they did say theyre currently determine the impact it'll have on their customers. live in the news room abby theodros fox5 news local las vegas governor sandoval also said more than $5 billion in renewable energy projects have been installed in the state during his administration. the changes to the net metering rates would be implented over the span of five years starting this january. police have identified a murder suspect - following a deadly fight earlier this year at the paris resort. it turns out - he was already in prison. metro says de angelo mathews was in custody - at the clark county detention center - for an unrelated incident. on tuesday - he was rebooked - on a count of open murder. a man from san jose - dashawn hawkins - was knocked unconscious during a fight at the valet back in may. he was taken to u-m-c and declared dead. early sunday. a 17 year old is sh

solar companies like "solar city" responded on wednesday by ceasing solar sales in nevada. more local workers now unsure if they'll have a job in the upcoming year. solar city says there are about 12 solar customers in nevada - all of whom will be impacted by the decision. keely carlin of las vegas- just installed her panels this month - and says it's a shame she likely wont save any money. keely carlin: im not pleased that i was trying to cut those costs and now they're either not going to be reduced or more depending how this plays out but for those like john who worry about their job ... he says this to the commision. john: i really wish that they would through a little more and thought - about all of the lives and families this impacted governor sandoval responded to the uproar over the decision saying that the rooftop solar industry knew about the possibility of this decision for months - and quote... the companies also know that if they disagree with the p-u-c's decision, that they can seek reconsideration and ultimately judicial review. the changes would be implented

they could caused existing solar cust>> solar city is in uncharted territory. never before the company closed its doors across the country. it is blaming nevada. the public utilities commission drastically cut the benefits of g solar, leaving the company and its customers in the dark. an abundance of sunshine and nevadans were willing to take advantage of the raise. so the city has come crashing back to earth. in a unanimous vote, the public utilities commission voted to increase the monthly charge to solar customers. weeks but the company's decision >> they put a halt on the solar industry and stop solar growth. 6000 jobs in the state of nevada are now in jeopardy. reporter: the company will continue to service existing customers. but it also reduces the financial incentive. by reducing the net metering credit users receive. >> this decision was unfair, or unethical is a massive understatement. reporter: senator reid seconds that saying no one should be able to retroactively make it more difficult f those to pay the power bills. the state relationship with the

solar city announcing it's ceasing all sales and installations of rooftop panels in our state... rate structure by state regulators. nevada public utilities commission voted unanimously to increase the monthly charge to solar customers... as well as reducing credit those customers receive from nv energy by providing electricity to the power grid. one day later solar will stop operations in the state... jessica deal explains this is company has closed its doors to new customers in the country. <05:33:22 "three people on one panel, they made the decision for all of nevada residents. current sola customers. they essentially put a halt on the solar industry and stopped solar growth. 6,000 jobs in the state of nevada are now in jeopardy." :37 senator reid seconds that... arguing... "no level of government, including the public utilities commission, should be able to retroactively make it more difficult for those nevadans to pay their power bills." however governor sandoval strongly siding with the commission... claiming, instead of solar city asking for they have attempted to pressure

including solar city.. say the p-u-c company is going to pack up and leave nevada. the puc increased rates for homeowners on solar while lowering the money get for the electricity they to the grid.. not one caller or email said the puc was right.. this caller take sot ((take fs 2)) ((take fs 3)) ((take fs 4)) take vo lets move on to this woman.. the driver arrested in sunday night's killed one and injured dozens of others. she had her first court apperance today and some are there any hint of remorse in the way she walked into the courtroom ((take fs5)) more callers on this including some with a nagging suspicion that this could have been prevented ((take sot)) take fs 10 take fs 11 ((take vo)) send us your rants ((take vo)) send us your rants to the rant at fox5vegas.com or ttle over solar power continues. now one company says its leaving the state. what the move means for customers and solar workers. changes to security screenings at airports... what you need to know if you're headed to mccarran today. celebrating our veterans. the special gift one local casino gav

solar city announced they were ceasing sales and installations. solar customer jenny browdy blames state officials for this decision. henderson warehouse puc and nv energy has made it so that we're not saving, if anything, we might actually be paying more for our electricity having gone solar than if we had sense to me )) ((patrick walker)) the p-u-c voted unanimously to reduce the amount that n-v energy will pay for net metering... which is the excess energy solar panels create. /// ((patrick alker)) ((kirsten < > > that's a look at the roads... back to you./// ((kirsten joyce)) > google testing a new system for accessing your g-mail. ((patrick walker)) how the company is boosting secu

nats car solar companies like "solar city" responded on wednesday by in nevada. more than 2 thousands local workers now unsure if they'll have a job in the upcoming year. solar city says there are about 12 thousand existing solar customers in nevada - all of whom will be impacted by the decision. keely carlin of las vegas- just installed her panels this month - and says it's a shame she likely wont save any money. keely carlin: 18:07 im not pleased that i was trying to cut those costs and now they're either not going to be reduced or more depending how this plays out but for those like john who worry about their job ... he says this to the commision. john: i really wish that they would have considered thinking this through a little more and thought - about all of the lives and families this impacted nv energy would not comment on the commission's recent decision but they did say theyre currently reviewing the order to determine the impact it'll have on their customers. live in the news room abby vegas the changes would be implented over the span of five years sta

nats car solar companies like "solar city" responded on wednesday by ceasing solar sales in nevada. more than 2 thousands local workers now unsure if they'll have a job in the upcoming year. solar city says there are about 12 thousand existing solar customers in nevada - all of whom will be impacted by the decision. keely carlin of las vegas- just installed her panels this month - and says it's a shame she likely wont save any money. keely carlin: 18:07 im not pleased that i was trying to cut those costs and now they're either not going to be reduced or more depending how this plays out john who worry about their job ... he says this to the commision. john: i really wish that they would have considered thinking this through a little more and thought - about all of the lives and families this impacted lives and families this impacted governor sandoval responded to the uproar over the decision less than an hour ago saying that the rooftop solar industry knew about the possibility of this decision for months - and are simply using "bullying tactics" with the hopes of getting their way.

"solar city" says it's making the difficult decision to leave nevada... after the state decided to increase rates for solar customers. the company says it agrees with customers, that solar will be too expensive in nevada. the public utilities commission approved a plan that would increase flat service fees for solar customers, while paying them 80 percent less for their unused energy. solar city says thousand existing customers in nevada that will be affected. we spoke to a supervisor at one of the companies affected, who says his job is now in jeopardy. "john: i really wish that they would have considered thinking this through a little more and thought - about all of the lives and families this impacted " governor brian sandoval responded to the decision tonight, saying the industry knew about the possibility of this decision for months. he says they are using, quote, "bullying tactics" to get their way. a bright white fireball zooming across our sky was all over social media last night. military officials officially confirm that light was debris from a r

"solar city"... says it will stop selling and installing panels in nevada...after a vote from the p-u-c crippled business...and its leaving people out of jobs right before the holidays. "they cant keep them employed because theres no installations going on." pilar apostolo's husband was laid off the day before christmas eve after solar city said it would shut down operations in nevada because of the public utilities commission vote...they issued a statement saying the nevada "p-u-c".... "effectively shut down" the rooftop solar industry. this comes just one day after energy regulators decided to change the rate structure for solar customers. the decision is expected to raise rates over a five-year period for so- called "net metering" customers. "we really didnt think that it would go down like this we thought maybe there would be changes to rates and things but we didn't think that it would unemploy so many people" did grandma buy off the list? a las vegas based company is giving you cash for unwante

including solar city.. say the p-u-c killed solar and the company is going to pack up and leave nevada. the puc increased rates for homeowners on solar while lowering the money get for the electricity they generate and send to the grid.. not one caller or email said the puc was right.. lets start with this caller take sot ((take fs 2)) ((take fs 3)) ((take fs 4)) the driver arrested in sunday night's strip crash that killed one and injured dozens of others. she had her first court apperance today and some are wondering where is there any hint of remorse in the way she walked into the courtroom ((take fs5)) more callers on this including some with a nagging suspicion that this could have been prevented ((take sot)) take fs 10 take fs 11 to the rant at fox5vegas.com or call at 702-436-8285 ok, we're here. here's dad. mom. the twins. aunt alice... you didn't tell me aunt alice was coming. of course. don't forget grandpa. can the test drive be over now? maybe just head back to the dealership? don't you want to m

"solar city"... says it will stop selling and installing panels in nevada. solar city issued a statement saying the nevada "public utilities commission".... rooftop solar industry. this comes just one day after energy regulators decided to change the rate structure for solar customers. the decision is expected to raise rates over a five-year period for so- called "net metering" customers. an action news update on that deadly crash on the strip... our camera's were there as lakeisha holloway -- the woman accused of mowing down pedestrians appeared before a judge for the first time. this as we learn heartbreaking new details about the crash. action news reporter mahsa saeidi was inside the courtroom and joins us now live the latest on the criminal case. mahsa? this morning holloway was arraigned. day one of what could potentially be a lenghty case. so many injured here. the da hasn't even finished filing charges! the defendant hasn't even entered a plea. but even at this early stage -- we're starting to see attorney's arguments form. take sots joseph abood, pu

solar city announced they were ceasing sales and installations. solar customer jenny browdy decision. ((jenny browdy - project mgr at henderson warehouse puc and nv energy has made it so that we're not saving, if anything, we might actually be paying more for our electricity having gone solar than if we had sense to me )) the p-u-c voted unanimously to reduce the amount that n-v metering... which is the excess energy solar panels create. reporting live, sharie johnson, 8news now. ((denise valdez)) sharie, what happens if a company disagrees with the p-u-c decision? ((sharie johnson)) governor statement: i support a solar future for this state. renewable projects have been installed in nevada during my administration. however, the state must also strike a balance between helping to develop the solar industry which i believe has tremendous potential while ensuring just and reasonable energy rates for all nevadans. ((denise valdez)) > will it be chilly for your christmas holiday? ((paul joncich)) or should you come up with plan b for those travel plan

shares of solar city rallying in week, up around 55%.of course on news the government backing for a tax credit extension for renewable energy. joining me now in a cnbc exclusive it's hedge fund giant jim chanos he is founder of kynoikos associates and he is short solar city. good to see you again. >> good to be back. >> let's begin with the position that you still have which i assume you still have? solar city. >> we are still short. >> the government will now offer another five years of tax credits. why do you think this company is a bad investment? >> i think that the itc was clearly good news for the industry but for slal city unfortunately it's not a technology company. i know we had this debate on the air with the ceo. it's a finance company. and they own the panels so the it c, they keep and they farm it for their equity, but the deal to actually residential customers is not a great deal. it's not a great deal for solar city customers -- or shareholders, either. if you look at the company and you eliminate almost all their expenses

"solar city"... says it will stop selling and installing panels in nevada. solar city issued a statement saying the nevada "public utilities commission".... "effectively shut down" the rooftop solar industry. this comes just one day after energy regulators decided to change the rate structure for solar customers. the decision is expected to raise rates over a five-year period for so- called "net metering" customers. if you're getting ready to head to the airport for holiday travel... there's something you need to know that could affect getting through security, we'll tell you all about it when we come back. the number of people traveling the son of a polish immigrant who grew up in a brooklyn tenement. he went to public schools, then college, where the work of his life began -- fighting injustice and inequality, speaking truth to power. he moved to vermont, in congress, he stood up for working families and for principle, opposing the iraq war, supporting veterans. now he's taking on wall street and a corrupt political system funded by over a million contribu

solar city up more than 6%. up more than 50% this week alone. rush covers solar stocks at oppenheimer. it's been a great week for solar in general and in particular solar city. so i want to start off with the investment tax credit possible extension. that would provide clirity through 2021 with what happens to the itc. i'm wondering how much this changes solar city's story given the last earnings call. they really got punished for saying that they're going to switch from growth mode to cost savings mode in light of the step down of itc. >> yeah. so what we have going forward now is two benefits. one is clarity in the markets. it allows them to invest more aggressively into growth but also you have a better pricing environment for them as we go forward. you know, functionally we think this improves the margin on their investments by 60% to 80% so the cash flow all each dollar they spend is dramatically better and we're expecting them to spend that money over the next five years. >> they had a recent analyst say just this week, do they comment on

the ceo of solar city will join melissa coming up.that everying is not apples to apples in tech land. >>> and if you were a billionaire in 1995, chances are you aren't one anymore. we'll talk more about the billionaire bust when "power lunch" returns. >>> welcome back. we just talked about oil, let's talk about natural gas. here is the good news, natural gas is up 8%. good i guess if you're in the nat gas business. here is the bad news, that 8% gain for natural gas only represents a move to $1.91. so nat gas despite an 8% jump is still below 2 bucks. natural gas literally you think oil is oversupplied, nat gas can't get out of its own way. shares of joy global moving higher following an upgrade at fbr. the analyst says the company is making the right moves to cut costs. shares of u.s. steel also moving higher after the company reached a tentative deal with the unite the steel workers union. the deal covers roughly 28,000 workers at more than a dozen u.s. locations. >>> and as oil falls there are more new lows for many well-known oil s

obviously around sun edison, some like solar city are getting thrown in the same box. move from 25d to $60 is more than enough. effectively why you want to jump in today after all this news when a lot of those questions, maybe they've given answers. there is an open issue can they get the financing. is this about projects spinning off? who is going to buy them in this environment? i would be concerned. i don't take chanos 'view, but i would get long here. >> he said he was bullish on solar. just long term. who is going to benefit from that? tesla. they have a giga factory. you need to store that electricity someplace. tesla is the place. >> he did mention tesla out loud, didn't he? >> we talked about this offline. maybe if you start to see other names start to recover, money comes out of this name that's up 44% and rotates into another underperformer. >>> solar city move feels like residues of a short squeeze. >> a lot of these stocks had a nice move. there is nothing wrong taking something off the table if you've been in them trading around long position. >>> how are

solar companies like "solar city" responded on wednesday by ceasing solar sales in nevada. more than 2 thousands local workers now unsure if they'll have a job in the upcoming year. solar city says there are about 12 thousand existing solar customers in nevada - all of whom will be impacted by the carlin of las vegas- just installed her panels this month - and says it's a shame she likely wont save any money. keely carlin: im not pleased that i was trying to cut those costs and now they're either not going to be reduced or more depending how this plays out but for those like john who worry about their job ... commision. john: i really wish that they would have considered thinking this through a little about all of the lives and families this impacted governor responded to the uproar over the decision saying that the rooftop solar industry knew about the decision for months - and quote... the companies also know that if they disagree with the puc's decision, that they can seek and ultimately judicial review. the changes would be implented over the next five years now fox5 we

jeff solar city announced it is ceasing all sales and installation of rooftop panels in our state after a new rate structure of regulators. they voted to reduce the net metering credit those customers received from nv energy by providing electricity to the power grid. this prompted them to stop operations in our state. >> people on the panel made the decision for all residents. now in jeopardy. reporter: the new seller rates have yet to be determined but the year and be phased-in over five years. vicki: mark hutchison suing on behalf of parents stuck in limbo. the lawsuits filed asked the court expedite the ruling, authorized by the legislature of the constitutional muster. the plaintiffs are two families who enroll in private school anticipating money would start flowing into the accounts in february. it allows parents to claim a majority of their child funds. jeff: the holiday can be a different difficult time. the american medical response team is making sure locals are with their families on christmas day. it is called home for the holidays and allows paramedics to safely transport

he highlights solar city as a company likely to benefit. solar city is up nicely today.ou. betty: abigail, thank you so much. after months of anticipation as mark talked about, the latest installment of "star wars" is finally here. diehard fans flock to the premier in sydney. will fanatics be satisfied with the film? reviews are coming in. paul allen is live and he has just seen "the force awakens." we have to ask you -- how was it? paul: betty, i thought it was excellent. i thoroughly enjoyed the movie. not wanting to give too much away, i won't reveal any plot spoilers. it heavily references the original trilogy. there is a cantina scene for example. tricks the old jedi mind and a good old-fashioned family confrontation on a catwalk that at those episode five "the empire strikes back." it is in many ways jj abrams's letter to the original trilogy. i spoke to a number of fans when they exited the cinema. every single one of them said they absolutely love the film and cannot wait for episode eight. i even overheard some people saying that they plan to turn around and hea

the company, solar city, says it is pulling out of the battery fedex working overtime. reed: you likely saw a lot of complaining, because they did not arrive in time for christmas. even though it said on the computer screen they were supposed to be delivered. a 4:00 this afternoon so las vegas and's to pick up the packages. they did experience some slight delays. they are due to having them volumes and severe weather in some parts of the u.s. if you did not get the gift you want it, the after-christmas sales are on. look at the ads. a stack in today's paper. double that down here. christine: some big savings, especially on decorations and clothing. the day after christmas might just be the busiest shopping day of the year. reed: and american express survey says tomorrow will surpass black friday and cyber monday. 68% are going shopping tomorrow, compared to 45% on black friday and 47% on cyber monday. christine: for those of you who got a gift card you do not want, there are ways to integrate many target stores are able to turn in a third-party gift card for a target gi

with the new rate change -- "solar city" says it's ceasing solar panel sales and installations for nevadans. tonight we called the nevada consumer advocate. the voicemail message told callers it was aware the decision upset customers all over the state, and it's currently exploring options to take regarding the decision. the owner of a local restaurant served up some christmas cheer today for those in need. natasha williams - owner of "jalisco cantina" - has been celebrating her birthday the same way for the last fourteen years. it started with just her and her friends volunteering - but now she is partnering with the salvation army to serve a christmas eve community meal. they prepared five-hundred burritos that were served at the salvation army's dining facility. "even if it's just your time, whatever it is that you have, it's just really important to give back to the community and there are so many kind of our philosophy in doing this." she also said how much it means to her to be able to share the experience with her children and her grandchildren. and thousands of people across the val

well, joy is live filling in for jane king and joy, the first thing we want to talk about, solar city, threatening to leave nevada. the question is why. >> the reporter: jeff, good morning to you. good morning everyone. it said that is it would stop operating this the state if the public utilities commission passes new regulation on net metering. the commission did in fact approve the new rules that changes the way that taxes are levied on solar companies. now, industry groups say that it will destroy the nevada solar market, one of the fastest growing markets in the country. no comment yet from solar city on that particular vote. >> jeff: that's not something we want to see. so this is also some that certainly raised some eyebrows why should we always buy the men's version of almost everything. >> the reporter: this is an interesting one. well, the new york city department of cons the female version to the male versions, and they found that they were practically identical, except for the gender specific packaging. and they found that items that were marketed to girls and women cost,

you want to look to the installers and developers like solar city and sun edison.ir expertise allows them to capitalize on the growth in the u.s. market more so than the manufacturers. tax and ifme how the whereks for solar city the homeowner does not own the system on their rooftop. guest: typically, these installers partner with firms like deutsche bank and those monetize the tax credit. one of these financial players system and the tax credits will accrue. for the homeowner or business, the offer can be simply pay less for your power. the owner of the business is not forced to deal with the tax credit. i like to be forced to deal with the tax credits. because they can monetize the tax credits, you can charge the businesses or the homeowner less. they do accrue to the consumer ultimately. one reason the solar companies cannot benefit is because they don't have taxes. they don't have taxes because they don't make money. quarter after quarter of widening losses are really jaw-dropping. inst: that's always interesting argument. particularly with the itc, do you grow

we saw it in solar city and sun edison. and sun power hasn't gotten too far ahead and you could rest on its valuation with a long-term view so i wouldn't chase the ones with 25% up today. >> what about the ones up year-to-date. >> i think sun power is right there. i think today -- he stepped on my toes. it is okay. he doesn't weigh that much. stay long on that. >> tim? . you are in that space. >> solar city had an analyst day which i think allayed fears on the transparency in the business through 2016. i would be very careful about overplaying today's announcement by the government. this doesn't change the short-term reality of where energy prices are and what is driving solar and what is driving it is high yield and liquidity and energy and this is not going to change in the next two to three weeks or months. big move. don't chase it. >> and specific mentions are solar leverage. i'm looking at how much debt they have versus the balance sheets and i'm looking at names. first solar is not one of those. 52-week highs. over $6

solar city announced it is ceasing all sales and installations of rooftop panels in our state. this coming after a new rate on tuesday, the nevada public utilities commission voted unanimously to increase the mo including ending the net credit those customers were receiving for providing power to the power grid. >> three people on one panel, they made the decision for all of nevada residents. current solar customers, future solar customers, they put a halt on the sol and stopped solar growth.6000 jobs in the state of nevada are now in jeopardy. jeff: senator reid sided with the position. but sandoval agreed with the commission. that will take effect in the first of the year and be phased in over the course of five years. krystal: the flu season is underway. it is not too late to protect who is already getting hit hard by that nasty flu bug? jeff: plus, midnight mass at the vatican. what you can expect from thepope as he delivers his annual message. krystal: and a big surprise for actor robert downey junior the christmas gift he got today from the governor of california. if you

other companies include apple, twitter, salesforce, solar city. >>>>> 4:25 -- the most popular source online videos has released its annual list -- the list of the videos that were watched and talked about and search for and shared the most. >> the top trending was a dance video starring heaven king. similar videos including one of riley marie -- she is adorable -- she is adorable. >> every year after the big game -- people will come to you to and search for the ads and share them. >> other hits included stars doing parodies -- emotional moments as well as sports highlights. >> we now know the word of the year -- identity. editors picked the word because they saw spikes and searches for words typed -- gender, sexuality and race. dictionary says it's likely because of caitlin jenner and the former naacp president. >> 4:26 -- the search for a killer -- the questions they have this morning after a body was found along a popular walking trail. >> and east bay school district approved the plans to put elementary -- place police officers in elementary classrooms. >> this has caused parents

and solar companies are already predicting dire outcomes: (( robert list/solar city: it is just a shame. they are going to lay off 500 families on christmas week that do the installation and work here :31 they have ruined the opportunity in this state. )) (( daniel abbott/solar customer: my mother and i live on a fixed budget and this helped us immensely .. our power bill dropped 60% and now they want to do this to us .. it is just not right. :13 the contract i signed did not say the puc could come in and change my contract )) ((paul joncich)) this change is retroactive .. so it affects every customer's contract ... no matter when you signed up. we don't know what the new rates are yet. those should be released in about a week. we'll let you know when we have those numbers./// ((denise valdez)) > new information tonight about the couple behind the san bernardino attack. syed farook submitted the visa tashfeen malik -- saying they met through a matrimonial website. he said they met at the haj pilgrimage in mecca, saudi arabia in 20-13 and that's where they got engaged. immigration offici

solar city announced it is ceasing all sales and installation of rooftop panels after a nude rate structure by regulators on tuesday. the commission noted unanimously to increase the monthly charge to solar customers. those new rates have yet to be determined, but they will take effect the first of the year. right now we will power up your weather. here is kelly. kelly: we have some sunshine makes in clouds. primm, a high of six this morning. if you're do any traveling, the winds are expected to pick up this afternoonwe had chances for rain and mountain snow during the overnight. we will see quite of a bit of snow in some counties. saturday, 48 degrees. high temperature, partly sunny skies, breezy 45 on saturday. tom: it is what passes for winter here. we hope you enjoy some time with family this christmas weekend. when you wake up with the wagners monday morning, we have a make-a-wish story for you. person who is battling an aggressive brain tumor, whose wish took her to wife. we will share her experience and the wishes come true. >>> the city concert series on "today" is proudly presented

just last month he boosted stake in solar city and now there's good bargain hunting. >> nicole: coming the online shopping that you're doing it's giving fedex boost, we will tell you how much. it'll be a lot easier to get there. let's check u.s. stock market futures. the dow up 65 right now for futures, s&p futures over 7. nasdaq 21 to the upside. you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪ >> nicole: we are up three days in a row. rate hike and higher again. s&p futures up more than 7. nasdaq up 20. >> cheryl: you want to keep an eye on the oil today. we are down with 33 cents down. >> nicole: fedex delivered for shareholders in latest quarter driven by record online holiday shopping. the delivery company adjusted profit topped the estimate and backed full year's earnings guidance. 5% in after hours trading. this year holiday season is it's busiest ever and no sign that it's going to light up, adding demand has been particularly high in the northeast. >> cheryl: raises safety concerns at the u.s. postal service. grounding shipments by plane effectively

solar city is the 3rd company.a solar power company filing throughout public offering and became the united states largest installer. this all happened in the span of about three months. as far as industrial scale even though he has a lot to prove there is no one in history that has been in this diverse in the field. and so i did a cover story on him and ended up to father went to the factory in silicon valley and then went to the rocket factory in los angeles. that blew methat blew me away as well, and this time we are told we can't make anything. this guythis guy was building these complicated things in the most expensive cities. it is not for show. the space x rocket factory is about 4 miles from lax. i thought they would be hand making one rocket for their mass-producing rocket. it kind of blew me away. i had a chance to interview elon and he was just much more interesting. i pegged him as aa techno- utopian kind of guy but he was authentic, a good interview, surprisingly down to earth in a lot did not have a l

solar city, sun edison, sun run and sun power all soaring, as you can see, on the news. >>> coming up, if you're thinking of buying a new car or truck, what the rise in interest rates may mean for the cost of your purchase. >>> here's a look at what to watch tomorrow. economic data comes out, including initial claims on unemployment benefits and the philly fed survey. russian president vladimir putin will hold its annual year-end news conference. usually goes on for about three hours. he'll likely address that country's economy. and following today's fed decision, former federal reserve chair alan greenspan will speak. and that is what to watch for thursday. sue? >>> ty, california taking a cautious approach to self-driving cars. that state's department of motor vehicles issued new draft rules which would require a licensed driver be in the car and ready to take over control if the machine fails. the dmv can change the rules over the coming months, but those rules are being closely watched because california is the largest auto market in the united states. ty? >>> well, sue, with the

with the new rate change -- "solar city" says it's ceasing solar panel sales and installations for nevadans. tonight we called the nevada consumer advocate. the voicemail message told callers it was aware the decision upset customers all over the state, and it's currently exploring options to take regarding the decision. coming up -- families devastated on christmas eve. where a deadly tornardo touched down... and how long it may have been on the ground. on the northeast part of the country. why new york won't be seeing snow this christmas. your fox5 weather 24/7 forecast is live from las vegas. you're watching fox5 news at 10, with emmy award winner john huck. christine maddela. and weather 24/7 with chief meteoroligist ted pretty. this is fox5 news at 10. local. las vegas. this christmas eve -- families across the country are grieving after violent storms hit the southern parts of the country -- killing at least eleven people. the destruction happening in parts of the southeast and midwest. in mississippi -- ten of those deaths were from tornardos. the national weather service says it may

solar city announced it was ceasing all sales and installation of rooftop panels in our sta after a new rate structure by regulators. they voted to increase the charge to customers as well as reduce the net meter credit for those custs receiving energy. they provide electricity to the power grid. announced it will stop operations in the stat>> three people on one panel current solar customers, future solar customers eventually put a are in jeopardy. jeff: as senator reid side with nevada governor agreed with the commission. the new rate has yet to be determined. it will going into effect the first of the year. senator ted cruz is not reacting kindly to a political cartoon published and washington post depicting his two daughters as dancing monkeys. krysta: this cartoon which followed a new campaign ad also betrayed ted cruz as an organ grinder. that has not stopped crews from slamming the publication. take a look. >> mommy suggested will we shall follow. leave the kids alone. they've my kids alone. leave marcus could love. leave hillary's kids and grandkids alone. the washington post sh

yesterday, solar city announced they were stopping sales and installations. rates will begin going up january first. the puc also agreed to change the flat service rate for customers with solar panels. /// ((kirsten joyce)) > it'll be a new year next week... and we want to make sure you ring in 2016 with a fabulous celebration. night we'll start our new year's eve coverage at 10- pm. we'll be on the air until after the fireworks finale... with crews from red rock resort to downtown las vegas... and up and down the las vegas strip. ((kirsten joyce)) and during that broadcast... we teamed up with gavish real estate to take care of one lucky person's mortgage payments for a year. go to our 8 news now facebook page for a full list of rules and details on how to enter./// ((kirsten joyce)) > it was a surprise.. just in time for christmas. ((patrick walker)) how a soldier was able to surprise his daughter.. proving he was coming home of the holidays./// this shortened trading day. right now, the dow is the dow the nasdaq gained 44-points. ((kirsten joyce)) > the bea

yesterday, solar city announced they were stopping sales and installations. rates will begin going up january first. the puc also agreed to change the flat service rate for customers with solar panels. /// kirsten joyce > now let's get a look at your forecast. ((patrick walker)) ashley conroy is in for sherry this morning... how's the weather looking today? < sherry swensk here's a live look from our sunset cam -- it's a brighter christmas eve morning with that full moon we have today. ............................ currently, 42 degrees outside -- partly cloudy skies -- winds are calm now, but will be picking up later today -- humidity is a little higher at 3-percent. ............................ our future wind-cast -- we can see those gusty winds picking up this evening by 5pm -- 16 miles per hour here in the valley -- -- those winds will bedying down a little bit, but still holding steady the next few days -- and wow look at this, by saturday afternoon 24 miles per hour in the valley -- and 41 at mount charleston -- so if you have any recreational plans ther

i brought solar city today. scty. the stock and options and i added it to the halftime portfolio here. strong unusual volume at the december 31 call strike. to us that means that maybe people are betting on a squeeze, judge. talking about various stocks, does not just takeovers, but we're talking about positives and negative that is there are out there. this one saw very nice pop this morning, and i'm sticking with it. >> it's up 7% right now. >> could i if i wanted to? no, i could not. >> is he in the lead right now. what do you say? >> are you with me or against me? >> i'm with you. the concern that i have is that if i remain in first place, you're going to show that picture every day. again, it's a combination of eddie munster and curious george in the lead. not me. >> i can show the next one. right here. >> oh. >> we don't want weiss to feel left out. >> there's steven. >> there you go. >> these things are incredibly accurate. it's amazing. >> it does show my -- >> looks happier than weiss. just kidding. >> you ca

other companies of the top 50 include apple, two, salesforce, chevron, and solar city. >> >>> the newestremieres in los angeles a week from tomorrow. some people had to be among the first to see it -- people were lining up outside the chinese theater in hollywood to see the force awakens. the first couple of people set up camp on saturday outside the theater. more than 100 are out there now. they know they could have bought her preserver tickets online but they say spending the time with other fans is an experience they will remember for the rest of their lives. >> >>> 5:26 -- the search for a killer in the east bay -- questions police have after a body was found along a popular east bay walking trail. >> >>> east bay school district approved a plan to put the police officers in the elementary schools -- the idea that brought parents out to protest. >> >>> good morning -- we are looking at the bay bridge and it's getting a little more crowded.. >>> good morning -- a lot of cloud cover and light rain. it will turn into a heavier rain -- this is the christmas tree in my backyard -- it took

it looks like we may have a short squeeze there, and that may take solar city hire yet.bigail doolittle. byzil was just cut to junk fitch. talking to sam zell about the challenges it faces in congressional gridlock, investigations into petrobras. fitch says the general government debt will further in 2017, that the debt to gdp ratio 2016.ng to top 70% in the big headline is that they were cut to junk by fitch and its credit rating outlook remains stable. stephanie: sam zell said that one brazil is going to is a cleanup, but this is more than a cleanup. on a corporate and government level. the amount of people, how deep this is, it will take quite some time to get through this. erik: and when doesn't get started? -- when does it get started? growthpredicts of -.3% this year, another contraction of 2.5% in 2016. >> as they are fighting inflation. >> what is the definition of cleanup, default? that is how you get rid of the debt. everything continues to function but you know longer have something to pay. i don't think until can do that until argentina is squared away, but o

solar today is down, but solar city had an unbelievable rally just about a week ago.at to see both of you, thank you so much. >> thank you. liz: steven guilfoyle and alan nutman. all week long up until new year's eve, you've got to be with fox business. the closing bell is ringing in about 49 minutes. on the eve of a huge game with we live in a pick and choose world. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number, and the lowest prices of the season. sleepiq technology tells you how well adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store, find the lowest prices of the season. save $600 on the #1 rated i8 bed, plus no interest until january 2018. know better sleep with sleep number. if you've donated to the humane society of the united states you should know that only one penny of every dollar donated goes to local pet shelters. hsus is currently being sued for fraud and recently paid over five million dollars to settle a bribery lawsuit. if

if i would have held it, solar city, stey. if i would have held it, i would have won the contest. i bought it because we had unusual call activity. it popped about $5. i got out of it there, and it continued another $15 higher. >> that's the case of a fish that got away. >> could have, should have, would have. don't look back. >> incredible hope. amazon, microsoft -- they're all on a tear and worth $3 trillion dollars combined. >>> time is running out. the trader of the year. who will wear this glittering and very tasteful belt of champions. john is making some final moves to try to win that title. you're watching cnbc, first in business worldwide. announcer: it's time to make room for the new mattress models-- during sleep train's huge year end clearance sale. for a limited time, save hundreds on tempur-pedic mattresses. get the most highly recommended bed in america at closeout prices. plus, get interest-free financing and same-day delivery. why wait for the new models? sleep train's year end clearance sale is on now! superior service, best selection, lowest price-- guaranteed!

single nir initiative will increase that by 70% so it actually is the largest municipal solar deployment of any u.s. city ever. >> reporter: the solar power announcement comes as hundreds of countries gather in france to discuss climate change. >> nobody exbekpected the price clean energy would fall as fast as it has or that back in the united states, the solar industry would be creating jobs ten times faster than the rest of the economy. >> reporter: the district's solar deal will create 140 new jobs. save taxpayers $25 million over 20 years. and result in a 70% increase in solar power generated in the district. tommy wells will be leading a delegation from the district to the conference in france. >> we have more energy star buildings in our area than anywhere else in the country, but so we'll talk to other cities, challenge them to do more, but we have to do more, too. so we're going to learn from them as well. >> reporter: now, these solar panels won't be the only green initiative the bowser administration plans on rolling out in the next few years. one other thing they're looking at, the fleet of ve

solar city got in there, too, squeezing in the top 50 at number 50. >> pretty interesting list. >> tech, god and hamburgers in the top 50. that is the definition of deity. >> maybe reverse that order. >>> back to the storm pounding the bay area right now as we take a live look at raindrops and kind of interesting lighting going on there. san mateo bridge. talking about this morning. we have reporters spanned across the bay area and check in with in about five minutes or so. right now straight to the source. mike on our left or your left, kari on my right. >> kari and mike are here this morning. what's going on? >> well, we are still tracking a lot of this rain moving in. some spots and looking now at the golden gate bridge. you can see drivers making their way across wet roads and windshield wipers on. as you cross some of these bridges, you may also need a tight grip on the steering wheel as the winds at times gust to 30 to 40 miles per hour. look at the rainfall, we had so far in san francisco about 0.3. and that was just with the initial wave of rain moving in. we had some higher amo

betty: like what a solar city does. >> exactly the people like to have them on the roofs but utilitycient way to do it. quite interesting. on the outlooks for a power industry next year. let's turn to technology and a look at whether 2016 will be the of the tech ipo after a slow 2016. investors are looking on -- for a lot more. . has been looking closely at and some surprising numbers here in terms of the ipo's versus private -- prior years. >> this is the slowest year since 2011. a very slow year. raised in of money the ipo is 1/6 of the amount on private investment at 51 billion. weird year for tech ipo's and a big year for private funding for tech companies. betty: it shows a big gap the between private funding for this year and, there you go. incredible as you say. less than $10 billion raised in the public market. is that likely to reverse in 2016? is one of those situations where investors on both sides hope it cannot get any worse. tovate investors would love see their investments go public. bankers want something to do. everybody hopes that rebalance is a little bit. the gap