this information with regulators. jerry hill whose district includes san bruno wants more oversight by the state public utilities commission. who determines the criteria? i that i is the issue who. is making this determination of what the risk assessment is of this pipeline? it s pg&e. it s all pg&e. here in novato, the pipeline is near headquarters of fireman s fund, the big ininsurance company. a thousand employees work here. it contacted pg&e. for us, knowing we re close into this intersection we want to get more answers to questions. and our next course of action. this segment could be feet or yards long. this could be an area of pipe between two valves, segment could be where the type of pipe is. and there is the list is out, does it put residents at ease? i feel they ll do hopefully the right job. the right thing. you know? checking things out. and pg&e says it s done extensive check of the pipeline that fed into the pipeline that exploded. it discovered a
continues today, both the etfs and mining stocks, gold stocks very strong, and that helped to lead to this rally and futures some of the traders are saying to me that we are seeing right now, above 12.30 an ounce for gold. incredible day for gold. it is amazing that other commodities are falling, copper is falling, oil is falling, for example, while gold is rising. and second, sharon, gold is rising and the dollar is rising. let s not forget a strong dollar. what do you make of this? the folks i m talking to are talking about the fact that you re looking at the dollar as the least worst currency out there as gold as another alternative currency. so that may be why we re seeing those go up. in terms of other commodities falling, there s still a lot of concern out there about demand growth, whether talking about oil or copper, raw materials. in light of this euimf plan and whether that is going to mean there is going to be a curtailing of demand going forward. so that is im
tonight on the kudlow report, some breaking news. lehman or pea doed lehman, the company that brought the whole financial thing down. we ll get a special report in just a minute. on the plus side, american families got wealthier, jobless claims fell, china remains strong, and the s&p 500 hit a 17-month high today. it all sounds like recovery to me. we ll cover it. and speaking of recovery, obamacare got a setback today as the senate parliamentarian ruled against reconciliation until a full house senate bill is passed and signed. wavering democrats may think twice. health insurance stocks were up, republican senate leader mitch mcconnell is going to tell us all about it. and california teeters on the edge of bankruptcy once again with the threat of large-scale education cuts. but you know what? unionized government workers, a privileged and protected class with a 2,000% jump in pension costs are forcing the state to the brink of collapse. and president obama gives a
that people that are hard times should get support, and i support that, we should just pay for it. and that s what jim said. i ve known you for the last few years and you ve absolutely stood on that principle. i know you have work to do. we all got to move on. i want to ask you one last thing, on the top of the drudge report page, it says obama to trigger nuke option on health care in this case meaning reconciliation. i m sure you know that this 51-vote majority for this massive, massive, what could be a takeover of 16% or 17% of the economy, going way beyond just a budget bill, this is very unpopular. polls are showing the public is opposed to reconciliation and once a three-fifths vote just to make sure. your thoughts on this reconciliation push for obama care? well, first you got to understand what it really means. they will actually have to pass the senate bill first, which is the huge bill, the $2.5 trillion massive intrusion of the federal government into everybod
tonight on the kudlow report, obama goes for a spending freeze. that s right. after putting $1.3 trillion into their pot, he wants to take $250 billion out. is this the new obama? bill clintonesque. the end of big government as we know it. i guess scott brown had an impact. putting money in people s pockets, letting them keep more of what they earn and reducing tax rates for jobs and growth was a key scott brown message. where are the republicans? senate republican campaign chief john cornyn tells me gop will not capture the majority in november. is this like general patton looking for defeat? according to the nbc/ wall street journal poll just out hot off the press, 51% of americans say president obama paid too little attention to the economy. the pew poll says the economy is the top priority for 83% of americans followed by jobs for 81%. and speaking of jobs, bernanke and tim geithner lose theirs because of the new york fed coverup of bailout money to aig and its tradi