also ahead, starboard value founder jeff smith will join me along with papa john's ceo steve ritchie.re going to discuss starboard's strategic investment in the pizza chain it is aimed at giving it some boost to turn it around. give you another look at futures. we get started with trading, 17 1/2 minutes from now. a lot more "squawk on the street" before that. this is huntsville, alabama. aka, rocket city, usa. this is a very difficult job. failure is not an option. more than half of employees across the country bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied. it is the people that is really the only asset that you have. put your employees on a path to financial wellness with prudential. bring your challenges. the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one st

i have some back ups -- steve ritchie, general assistant manager for water. so we cleaned up the land side of the site successfully a couple of years ago now, and there was a fair amount of lead shot and debris beneath the surface of the lake. the prior analysis by the department of fish and game at that time back in the 90's was that lead and water life tended to stay inert, and so you are only concerned if there are ducks in the area that would ingest the pellets. so we had over the last two or three years, biological studies done to determine if there are any water fowl in the area that were ingesting the pellets, and no requests or concerns. we provided that to the water department, and i believe they'll be signing off on the current conditions. if the current conditions change at the lake in some way, we'll have to revisit the issue, but under the current issue, it appears no further action will be warranted. >> vice president moller caen: so i have another question. refresh my memory. with the cleanup, initial cleanup, did their insurance cover the cost

. >> steve ritchie assistant general manager for water. if i can have the slides i'll update. first just a quick review of where things are at. on december 12 state water board adopted the plan as proposed but with important amendments. at its december 12 meeting the california department of water resources and fish and wildlife presented updated information for the river as well as six others rivers to the delta. and those are depicted in this diagram here showing the sacramento river, feather, american mcel knee, san joaquin and other rivers were included in that presentation in summary form. so that the state water board's action was direct its staff to assist the california natural resources agency in completing a watershed wide agreement including potential flow and non-flow measures no later than march 1, a date coming soon upon us. incorporate those above agreement as an all tern -- the goal of the update presented for the state water board for consideration as early as possible after december 1 of this year. at the last meeting i presented more details on the actual el

steve ritchie, assistant general manage he of water. >> we are very cognizant of the issues here, and it has been very fast moving. this is one area where we're not letting grass grow under our feet with our staff and frankly, the attorneys, as well, looking public utilities commission and the aquatics science center in an amount not to exceed 1,184,389. >> i'll move it. >> second. >> i have a question. does this involve any open trails? >> first on the follow up on the wildfire mitigation. the question again? i'm sorry. >> the first question, number 20, does that involve any public open trails? >> well, the bay area ridge trail is one of the trails we have there, so it would not add any trails. this is just technical support for us on management interpretation of what's out there, so these are really a group that provides understanding of the watershed lands and how they're managed so that we can help create better interpretive facilities among other things, but there are no additional trails anticipated by this. >> nothing it being opened up. >> no. >> thank you. any other public co

i'm here with steve ritchie and jeff smith., when i think of an investor like jeff, he comes into a lot of companies, comes with some change. other than the investment that sherry mentioned, what changes will he bring to papa john's? >> first off, thank you for having us. exciting time for the brand. the last couple of days have been a momentous opportunity for the brand, so much positivity and energy. a lot of that is will be on the $200 million. we found a great partner to be able to think about how we stabilize the business. clearly some challenges over the past year. over the last five months we have been through a comprehensive and gigi process to identify new partners for the brand. we identify what i believe is the best solution to move the business forward. probably a little bit different than what you have seen in the news, but i want the viewers to know that this is truly a partnership with jeff and the papa john's organization. ed: on that point, this is a conciliatory position for you, you didn't come in in a way th

former ceo of starboard values will be new chairman of chain, steve ritchie.lso expected to invest $200 million in the company. they have struggled since john john john sclatter was found out. do millenials work too hard. there is debate on that. >>> will empty trump's message of unity fall on deaf ears? we'll have a preview next . my calves are custom too, but i can't insure those... which is a crying shame. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. it's soft... the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, and the door ensures a watertight seal, so you never have to worry about leaks. kohler's walk-in bath was designed with convenient handrails for added stability a

the end of the day we just want to sit down and really talk about somewhere in the middle like steve ritchie mentioned. that's where we are now. >> i think one of the key things that we mentioned there at the beginning the voluntary agreements are for a 15-year period. knowing how long it takes to do things, how long it takes to actually gather information and analyze it, 15 years is a good run of work but we'll be able to do a lot in that 15 years that we wouldn't otherwise be able to do. so i think that's a key thing that we are trying to keep in mind in this as well is we're looking at this can we make advancements in the next decade and a half? i think we can. can we make them overnight, no way we can make them overnight but when we think in the longer-term time frame. >> does that conclude? >> not quite. i want to hear what he has to say. >> a couple comments. as to the modeling first, quoting some that all models are wrong, some are useful. >> that's right. >> which i think is true. i think the difficulty with them and where scientific based models can come to different conclusions in

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