ofre's probably some areas immediate transparency that can be brought into the market. i think they start to do that. are re-operators that have all released this as an example. you are seeing a trend in the testimony. we have talked about areas from earl 606. i think this would yield a lots of insights. the medium-term response is to let the sec to the holistic review that he has articulated to the industry. everything on the table and something will undoubtedly change and that process. a will find ways to optimize and improve some good attributes for today's market. even things we do not change the way mark for the regulator is. we have the data. we have concluded this is a good market structure. we will leave it in place. it will be here. nothing will be let down. >> thank you. as to whether there is a perception problem or not or a confidence issue, the only thing i can judge that on is our business. . >> they have an hundred 38 billion of this command. >> what are you going to do on saturday night, he said i'm going to the poker game. why russian mark because you k

the final resting place for some 400,000 americans. 27 ofre in section arlington national cemetery. this is one of the oldest sections of the military cemetery arlington, where the historians really began. historyn has so much tied up in the civil war. this section was begun in may 1864. really before there was a cemetery. how did that happen? it happened that this have been going on for several years. washington was really hospitals city. there were soldiers in the hospital of temporary hospitals set up all over town. those people started dying. they had to be buried. earlier in the war and national cemeteries or established at alexandria virginia and at the old soldiers home in northwest washington. they were planned to accommodate all of those who died in the washington area hospitals. what happened was the war went on much longer and was much bloodier than anybody expect it. the pretty soon filled up the national cemetery in alexandria. it needed new burial space. they look to cross the river and found this place, arlington and thought it would be a good place to begin burying a

chair ofr john thune, the republican conference. thank you very much for being our newsmaker. >> thanks. with you. >> we turn o to our two about what wetalk heard from the number three in leadership in the senate. policy front.e when they come grabbing this fourth of july recess, the highway transportation bill is going to be staring many of them down. >> right. senator ron wyden, the finance chairman, has said this week that his expectation is the date that this is going become a problem is july 18, which will give him just about out when to figure it they come back from the .eek-long july fourth break what senator thune said that was interesting in that there may well be -- he was talking about tax compliance issues being in where they might find done in ground -- find common ground. the democratic proposal that is out there is about half tax compliance revenue. that's the case, then we may only be looking at a $4 billion or $5 billion hole instead of a $9 billion or $10 billion hole that will be filled in the next couple of weeks

so the ofr study was one piece of analysis as part of a process. >> and should they consider costs ofsignating? >> the designation process is one that is aimed at determining whether or not there is systemic risk. it is not a -- >> so there's no consideration for the -- >> the statute creates a standard that we use which is whether or not there is that level of risk that warrants a decision. obviously, aswc regulators if ty take responsibility for an area, they then weigh different approaches in terms of how to regulate, and then it's a different issue. but the statute does not actually create a cost benefit standard. i can't speak to the analysis that you're describing. i've, obviously, am aware of it, i've seen it. but it make assumptions about actions that have not been taken yet, so i think it's premature for anyone to draw a conclusion. >> if we could take a look at the ofr, the office of financial research's september 2013 report. ofr argues that mutual funds with a floating net asset value are risky because they could create a run on redemptions during a time of stress. then wh

as far as the fog isoncerned you c see in s south philadelphia, a livew k butthey w foush un lohe ofr ng mtre m0o

olaknow he said this about eb before the european elections and it did not seem to dent 4 ofr performancetaking 1/ the votes and seats in the european parliament. it did not damage at the last time around. will it this time? we will have to see. parisminutes past 1:00 in paid the headlines this afternoon. 27 people are thought to have been killed in a nightlong battle at pakistan's busiest airport. the 10 assailants are among the dead. pakistani taliban have claimed responsibility for the attacks saying they were seeking to avenge the killing of their leader in a drone strike last year. ovo'sn -- coso vote -- kos formal rebel leader has won the election and will have to deal with the problems of poverty and corruption but also with calls for an international court to hear allegations of human rights abuses during the civil -- kosovo's war. they're preparing to meet for the first bilateral talks in decades to find a route towards individual with thing of sanctions against toronto -- t ehran. we are going to have a look at the papers. will is here. hello. we will begin with the swearing in

i, chief ofre, naval operations and by virtue of the authority vested in me, june 4, 2014,laim battle of midway commemoration day and call on all sailors to take part in the ceremony and remember those who led the way and sacrifice to make hours the world's greatest navy. , have set my hand this day admiral united states navy. united states navy band will now perform "victory at sea" while admiral ferguson presents copies of the declaration to each of our honored midway veterans. >> ♪ ♪ ♪ [applause] >> please rise for the>> playing mn and remain's hy standing for the benediction. >> ♪ ♪ >> let us pray. past,as we recall heroes named and unnamed, remind us of their courage under fire and honor in the heat of battle and indomitable spirit. so much was at stake in those terrible early days of the war. inspire us by their example. as we look to the future, grant us the grace never to forget that we might prove worthy of their sacrifices and remain faithful in defense of all it is good and just in this world. thisous god, as we recall momentous battle and what it has meant for our nation a

. >> should the ofr report be immurn from public kmeblt? >> no, on the contrary, it was meant to elicit a public debate and that occurred. i very much believe it should have been public chls it was public. >>> >> last year, you said it is un5:00 se unacceptable to be in a place where too big too fail has not ended. i think you may know, your predecessor said is it too big to exist? using your words, can you tell this kplicommittee today, with honest, striegt face that we've ended too big too fail? >> i'm not sure we'll know the answer to that question until we have the next financial crisis. that's the challenge that we all have in asking have we gone far enough. but i will say what there's mr work underway. >> we have heard from multiple wrnss of the corporate bonds and are concerned about the ill liquidity. it strikes me as somewhat ironic that the vo lrksz ka rule is touted by you around others is necessary to ensure financial stability may now be a part of financial instability. this committee has requested information regarding the sta

we then went to the mayor's ofrs and how those vacancies get filled. in total the city council or the appointing body in two cases there was an appointment that they did. in 9 occurrences there was an automatic special election process that was put in place then for the remainder of the 21 jurisdictions that we looked at, which is 10 of them, there is some sort of combination of a council or a special election getting called and in most cases there was some sort of in the interim someone was put in place so there was a mayor. some mayors are part of the city council and in some places they are completely separately elected but there was either a mayor pro tem or president of the council or somebody who would be put in the place of mayor in the interim until there was the special election occurring. very rarely do you see that position actually remaining open until the special election occurs. then we did the same thing for the council seat like the board of supervisors and what you get there is you get three appointments where the council appointments.

i said we need to hear from of people with different points ofr view andom different walks of to lifeeasures w should take inf america to figh poverty. forwo all those who can work ths best urantipoverty measure is a job.believe many of us believe if someone works hard all day, all year to round, he or she should be ablen to earn enough to keep their rs family out ofe poverty. that is why we have proposed to raise the minimum wage which ha less purchasing power today than when harry truman was president. according to the congressional budget office that measure would lift over a million hard workinr americans out of poverty and rs raise low wages for another 15 million working americans. s i hear in the house speaker boehner's refused to even allowe a vote on that measure to raise minimum wage just as he continues to refuse a vote to ny extend emergency unemployment compensation to 3 million americans.but we but we all know that if we raisa the minimum wage huge challenges remain and we must chart a patha for the best waynu forward.id the january report did just that.ut 5 it found abo

as far as the fog isoncerned you c see in s south philadelphia, a livew k butthey w foush un lohe ofr ng mtre m0 woh heavy downpours. in the lancaster county. western lancaster county and the first raindrops moving into chester county. quite a bit of lightning with the storm system that is on the move. and will be an issue during the morning hours. and even into the noon time hour. east nottingham getting a few raindrops. the breeze is picking up. clouds are overhead and we have light fog at nbc 10. a little bit of everything but sunshine this morning. showers and 72 at 9:00, and muggy with still a possibility of showers at lunch time today. neighborhood by neighborhood forecast when i come back. first, jillian mele has traffic. >> good morning to you, bill. two different cameras, this is a look at the vine street expressway, westbound starting to get slow. heading out to 76, you'll notice the camera is close to the ground. then we have cameras high up and you can see those low clouds setting in. that's the kind of conditions that bill's talking about. drivers make their way from fox

ofre is a transformation labor skills that need to be also supported. -- what is it doing , the processut extending, is ist did the ecb don't ask -- what the ecb is doing is extending the process? into trying to pour money the system. by the way we doing it, are we hi, is desperately looking for a way to try to get a critical sector function again. trying to get money and mechanisms to work. at the grassroots level to generate jobs and deal with the unemployment problem. how -- what he announced last week has got a huge duration attached to it. i am wondering if there is a way to make it work more quickly and more efficiently. >> i think, look, they are doing their part of the job. there are parts which is really finance. that would not be able to reengineer jobs or retrain workers that have been displaced. it is a simple fact. what they are doing is a three prong strategy. banksre going toward the making sure the balance sheets are clean and homogeneous across the area. nowhere to hide for people. that is the hqr. the second thing is lacking in interest rates for long periods of time.

left out ofr was this report.t covers the mergers that took place between 2007-2000 well. -- 2012. it did not include the american -u.s. airways merger. that was not included. it may be too early to see the impact of some of these other mergers. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and on your tablet and bloomberg.com. that does it for this edition of "bottom line." i'm mark crumpton from new york. thank you so much for joining us. on the markets is next. have a great weekend and a happy father's day. are coming up on 56 past the hour. bloomberg television is on the markets. i'm julie hyman. total -- untiln the closing session. not a very large one. we have been talking about intel coming out with a higher forecast that has helped sentiment to some degree. we are watching oil prices because of what is going on in iraq. nymex crude is up slightly today. it has had more of a winning week. not really indicative of the bigger move we have seen. as oil trade higher, the etf is also go

it kind ofred sweet -- tastes like strawberries and raspberries. you serve it chilled.ll with chocolate covered strawberries. >> running a family business -- three generations. the third-generation, fourth-generation -- what about the specifics? >> outside help. knowing how to ask or advice. the family business consulting group -- the key is good communication, knowing you are not always right, and knowing how to share all your thoughts and look for the strengths and everybody around you on your team, and to listen and follow your heart. >> thank you for sharing your thoughts. >> have a great weekend. >> the coexecutive -- co. chief executive of banfi vintners. ♪ >> live from pier 3 in san francisco, welcome to "bloomberg west," where we cover innovation, technology, and the future of business. i'm cory johnson. a check on the top headlines. carlos slim will buy at&t 8.3 stake in his wireless company. it is worth $6 billion. at&t indicated they would sell for its directv purchase.

i think it is great for kind ofrs to see it is trickling into apple. >> all right, we have to wrap it for thisloomberg west" hour, but much more from wwdc throughout the day on bloomberg television. thanks to our special guests. thanks so much. they do so much for what ching this edition of " bloomberg west." do not go away. we have much more from apple and wwdc on bloomberg television. >> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line," the intersection of his nest and economics with a main street perspective. today, president obama unveiled his plans to fight climate change. then house intelligence committee chairman mike rogers speaks to bloomberg. .nd a new kind of heroine action figures meant to empower little girls. to our viewers here in the united states and those watching us around the world, welcome. we have full coverage of the stocks and stories making headlines today. michael mckee details a rare correction by the institute for supply management. housecook interviews intelligence committee chairman mike rogers. we begin with phil ma

ofre is a possibility products being announced. what do you expect?ink the key thing for google is you want to hone the developers efforts and focus on certain areas. will it be chrome or android or mobile or wearables? these are the areas where google has had stakes in hardware /software combinations. the key thing for me is the three messages i want to take away. there is 10 or more. what are the three areas i want to take away? wearables is an area of interest. i want to see some new developments there. i would like to personally see something in the automobile area and i want to see advancements in all of their current product platforms. i think how -- >> why do you want to see that? why do you want to see them active and wearables? >> it's an area that has attracted a lot of buzz and you want to also see something that competes with apple from a competitive standpoint. i want to see what they can do in this industry if they put their minds to it. >> i know what are the highlights of google i/o is that i get quality time with you tomorrow. what do

you have to roadmap out the ofrative of all the stories each character in scene because you are doing very specific. you have done your fair share of job dropping episodes. with the final episode of this season, what should we prepare for? >> i can't talk about the final episode. i'm a huge fan of the whole season. the finale of season four is unlike anything you that has been mounted on the show. it is a turning point in the books. it is a big turning point of the show. i am very proud of it. i hope it does well. >> the show has been renewed for a fifth and six seasons. how long can this continue? >> and is up to david and dan and george and where the books tickets. i think they will keep it as focused and tight as it has been. they will not drag it out. i know that there are more stories that need to unfold before the climax can happen. >> that was a game of thrones director with jon erlichman. are testing out the technology and design of drones. unmanned flying machines be? ♪ >> welcome back to the best of "bloomberg west." i am cory johnson. amazon and google have not made their s

aware ofr seem to be the challenge ahead of him.d mention that the stability pact will not be offered. there is a policy site to this equation. younger may not have that much -- juncker may not have that much room to move because there is controversy about his likely appointment that the president of the commission. anna? >> hans nichols reporting from berlin. turning to corporate news, shares ofshire did rise as interestof abbvie's rates. they would have to raise their about 30 billion pounds for shire to bite. >> we are waiting to see what abbvie's next move will be. they made a bid that was rejected at about 46 pounds a share for shire. the shares currently trade around 44 pounds. if you talk to analysts who follow shire, the consensus seems that 51 pounds would get them over the line incontrovertibly. i don't think anyone expects it to go the way of astrazeneca where it became a political circus. you had the prime minister getting involved. shire is much less of a critical company. >> much less of a u.k. company as well. it has

i think it is great for kind ofrs to see it is trickling into apple. >> all right, we have to wrap itor thisloomberg west" hour, but much more from wwdc throughout the day on bloomberg television. thanks to our special guests. thanks so much. they do so much for what ching this edition of " bloomberg west." do not go

lot.ssippi has changed a 6% ofrs ago, there were african-americans were even allowed to vote in mississippiday, mississippi has more african-american elected officials than any other state. this is city has come a long ways, but we also have to be honest and say it has a long ways to go. david, as you come up for mississippi back to new york and new jersey where you live, to you feel progress has been made after the deaths of your brother and so many others? >> i think mississippi represents the rest of the country. there has been a lot of progress made all around the country. the issues now are more subtle. a different mold of restriction. i look at the intent when people do something will stop the people who murdered my brother committed the worst crime, but they also assassinated the constitution. that is how i felt about it. whether you're a democrat or republican, and both parties have done it, you're assassinating the constitution. much for to thank u so being with us. that does it for our show. democracy now! is looking for feedback from people who appreciate the closed captioning. e

the final resting place for some 400,000 americans. 27 ofre in section arlington national cemetery. this is one of the oldest sections of the military cemetery arlington, where the historians really began. historyn has so much tied up in the civil war.

ofre were no media reports casualties. earlier today, the pakistani militant -- military said it constructed airstrikes in the northwest, killing at least 15 people they called militants. more on the situation in pakistan later in the broadcast. president obama has announced new steps to ease the 1.2 chilean dollar student debt, noting americans now owe more money on student loans than on credit cards. obama plus executive order will cap loan payments for millions of people at 10% of monthly income, a so-called "pay as you earn" model. >> announcing step so open that pay as you earn to nearly 5 million more americans. that is the first action we are taking. the second action is to read negotiate contracts for have a companies like sallie mae that service are student loans. we will make it clear, these companies are in the business of helping students come and not just collecting payments. and they owe young people the customer service and support and financial flexibility that they deserve. >> more on the student debt late

ofre is a minimal amount transparency legislation in terms of this is the data we want everybody to report. minimal, not some huge overall regulation. want to put this into perspective, what is the real harm being caused? right now, this is a solution looking for a problem. >> focusing on disclosure will create the least amount of harm and implementation, rather than diving into co-location and the actual mechanics of the market. >> i agree 100%. do you want to have disclosure, transparency, but you may agree to take government action to get the transparency? >> yes, and push it back on the brokers. >> this is just a minor issue we should not be concerned about in the overall scheme of things, correct? if the retail investors cannot understand it, we study it, and things are going to get cleaned up. >> is this a serious issue? >> we think it is, but also an easy one to fix. >> mr. katzuyama, is this a significant issue? principle-based issue. you can minimize it by trying to relate how much it is, pennies, but this is a principle-based

we don't have to tell you that today is father's day and americans will reportedly spend billions ofr'sn dear old dad. the first father's day was celebrated back in 1910. but it wasn't proclaimed a national holiday for another 50 years. americans are expected to spend a a billion and a half dollars on gifts. 87 greeting cards are exchanged each year. >>> here's an interesting way to keep people from sticking around too long. that is what you think it is. spikes, several cities around the world have been pug up the spikes to deter loitering. >>> in london, men protested by pouring concrete over the spikes saying homeless people are not pigeons. outside the store, it was encouraged to remove them. spikes with were removed in montreal after the mayor tweeted his own personal outrage saying this is not the kind of society i want to live in. the summer travel season is heating up many people are trying to save cash by searing on their luggage. it's 25 bucks a bag at least. i can kind of understand. the problem the overstuffed bags are pushing the capacity of the overhead bins. thanks to one

not just giving to the polls but ofre will be 10 leaders european countries and will the -- as will theect of ukraine. >> what is happening on the ground question mark >> we had a dansk.bing at the -- luhansk. the rebels were saying it was a ukrainian government airstrike and then the rebels acknowledged maybe it was one of their own antiaircraft missiles that went astray and hit the building. ground.a second battle the -- the russians said they would work on a deal that would be valid for one year so they made things a bit more manageable. you look at the russian market, it is pretty extraordinary. of may, russian stocks rose by 12%. yesterday they were more than two percent. investors believe that the escalation is on the way. i might disagree. >> was it an astute move by putin? gathers on tuesday. >> both ukraine and russia have time. it is hot in ukraine. they need to fill up the reserves to get ready for the winter. they have enough time to do that. the ukrainians are pumping four times more gas right now than they did this time a year ago. they are getting ready. ubs named a new c

ofre the two ends distribution come together is what you're putting your finger on.you are looking for more revenue, you are presumably not going to get it from the bottom. you can get a lot from the middle, very unpopular. you can look to get more revenue from the top. these are the places, that is where the money is. >> go to where they are. if we know people want many of these policies, how can we get --is this just a political problem? is it truly an economic problem? >> it is both. it is a problem of political economy. you have got to make ends meet. we need to have some semblance of relationship between revenues and expenditures. we don't need to balance the budget every year, but we cannot keep spending without raising revenue. i have no hesitation. if i could wave a magic wand and raise just one tax, it would be a tax on carbon, energy tax. would start low and schedule to increase over time so businesses would no it would -- would know it would in pay to invest in energy saving technology today. >> when you look at the federal aid for the poor, how do we comp

ofre will be a shortage bonds. it is here, isn't it? >> there is a shortage of bonds.story. you have a decrease in private sector borrowing. munis have gotten better. government related death has not been the story. large at historically levels of deficit from the united states. what is really going on, we have not been talking about the supply story of bonds, but the supply of money. mario draghi is providing a tremendous amount of money creation. that is what is driving lower yields. he is directing it at specific areas. >> the spanish yield -- >> it is a hockey stick move. to our listeners and viewers who are not rock stars like you in fixed income, this is financial repression. when does it end? it is an unfamiliar idea. the idea is basically that change banks actions can what you get out of financial markets. the price you are seeing in europe are not real prices in that they reflect private marke t actors, but the big bank having huge support by providing low financing to do that. the idea of when does this end? five years? europe, it is a long time. they are get

ed a lot ofre-leas their product. it will start coming online very soon. here is thece capital.quity markets are wide open for a company like kilroy. ed, when you say pre-leas that might be good for now or the next year or so. is there some sort of bubble that may be forming, as matt points out, that could be there night couple of years -- be there in a couple of years? >> that is missing question. the tech sector has shot up a lot in the last three years. the leases are long-term leases. >> how long? >> five to seven years. >> ok. >> and they have to have cash on their balance sheet. i don't know or stock prices are going to go to will stop i do know the leases are long-term and their credit tenants. more demandll much than supply in real estate in california. >> and you also like hotel groups. marriott is one of those groups. alix steel, you have more on marriott. >> the biggest concern right now is the weakening trend of rent part growth, that is, revenue per available room. that has concern over the cycle, and the key would be declined. over in china, austerity may curb the

it was just like any other night. , a couple ofr hours, our world was turned upside down. it was never the same again. [inaudible] aboutame to the house 2:00 a.m. i do not know the exact time. somewhere in that vicinity. the house was four bedrooms. the first was on the west side of the house where wheeler was sleeping. they were waking wheeler. they said we are looking forward the fat boy from chicago. they marched around to my bedroom. i heard the noise. the loud talking. i woke up and saw these two white men standing at the foot of my bed. one had a gun, flashlight. . found out he ordered me to lay back down and go to sleep. dresse emmett get up and and marched them out to the truck. a lot of things happen before they marched him out. i still do not know what was going on. my mother came in there. she was half talking and half pleading with them. to leave him alone. she would give the money to leave the him alone. roy hesitated when they heard money. the other did not hesitate at all. left my bedroom, he asked my daddy how old he was. my daddy told me he was 64. you tel

. >> in the days of vivid, we are ofring incredible reports things up, 300%, 400%.d us he sold an extra 1000 gelato ice cream's. >> it will crack the one million visitors mark during its 18 day is, and the word-of-mouth overwhelmingly positive. >> to come out every night and see this, it is wonderful. minutes, 30 minutes, and still get the wow factor. year, andood, once a it looks very beautiful. >> the event is not just about the experience. beenustoms house has turned into a giant musical instrument, and even the recycling bin are involved with the historical rocks area. and as with any successful event, organizers are already promising the next edition will be bigger and better again. bloomberg, sydney. >> vivid in australia, and a big week or the australian economy. we have a rate decision, forced quarter gdp,rst and joining with us, our guest, and before we get started on all of that data, did you go and check out the festival? how was it? >> i did. it was stunning. it really was. laser shows. we went to have a look at the opera house, as well, with all of thos

. >> if uber is doing, shall i say backlash ofre, the what we are seeing from european taxi drivers beround the corner, right? uber says no. >> we provide premium services to these middle to high-end customers. i'm not worried about that. see it yet as a threat. once it becomes an efficient way for individual consumers to solve their transportation needs and grows in size, you will see a little bit more of a push back. >> there is a long taxi queue. we will try out uber in shanghai and we will see how it works. we will see if it will get us to our destination. black cars inw the nearby vicinity. -117 rmb,e between 94 $17. now we will request the nearest uber. it only took a minute or so. requesting. they have the average shanghai wait time to eight minutes from as high as half an hour. still requesting. the benchmark goal is five minutes, like san francisco. thanks so much. all cars are currently filled. please check back again shortly. last five in the minutes, the line has tripled in size. we tried again and this time he got a car quite quickly. en route. he will be here in four minu

that one ofr to say the reasons at&t wants to do a offerike this and customers bundled services is sor to go À la carte. at&t might offer you a great deal to have a bundled service with directv and at&t broadband and this that and the other thing. but if you want to just a simple broadband connection, it will make it harder for you to get netflix and whatever all a card services that you might like -- À la carte services you might like. >> it is probable that directv wants that. the ecosystem these companies are in revolves around a bundle of pay tv services. they make money off of it by bundling it in with everybody else. >> if you try to parse it out, are you going to get screwed? >> what are you parsing out exactly? if you want the services individually from each other, which is what directv and at&t, that is exactly what they have now -- then you're going to lose money. in a sense, this is hoping consumers. >> thank you so much for giving us the latest. megan hughes and alec sherman. >> coming up, on the highway to another fiscal cliff. roads and bridges. we should be concerned ab

ofre has been a lot discussion over the years about inequality and we need to start talking about how with this. and how we will deal with secondary education. there are a lot of issues and for the last 20 years -- there is not a lot of -- there have not been a lot of concrete steps that have been done. we need to stop talking and act. >> boston upping the minimum wage to 11 bucks in seattle is at $15. how do you go about trying to understand the right price and how do you build that consensus? >> there is a lot of discussion about studies from 1968 until 2014 and how inflation has gone up and the minimum wage really has not. i think that the fact that cities and states are starting to look at the minimum wage, that is a telltale sign that we are also starting to create jobs. , theis one of the things wage is great but if we don't have the people -- don't have the jobs for people with low skills were very little skills, that is the problem. we put together a bunch of different people and we are talking to the biotech and the high-tech sales to see if there is an opportunity here, to c

control ofrs took the situation. the subtitle is "why coming out is good business."why it boosts productivity and gives companies access to a wider pool of talent. what percentage of companies truly understand this? what percentage have taken steps towards this or are paying lip service? >> a lot of people have it on the agenda. it is the hr department agenda. >> it should be an executive management agenda? top agenda. be a companies like ibm have had a big history of putting it on the top of the ceo's agenda. >> before we go, how is this playing out in the oil industry? how are they responding to the challenge echo >> a bit. my old company is doing pretty well in this area. some of the oil industry, one company in particular, is at the bottom of the ratings. but shall we name the company? >> exxon mobil. >> he's called eczema will -- he has called exxon mobil out. former ceo of bp. "market makers" will be back in a moment. stay with us. ♪ >> that will do it for "market makers." thank you for watching. >> thank you for letting me be here. >> you will not be with us t

billion ofr $100 losses last year from extreme weather events. we are already paying the cost.ich side is the risk on? we think we can build a stronger economy, better economy based on a clean energy future. the people who are invested in the status quo, the polluters, want to keep getting the rent set of the current system but there is no question the opportunity to build new , tostries, to create jobs create new technology, to make the world a global leader in clean tech is available to us. the question is whether we will put the right policy environment in place to ensure that that goes forward. we are very much about trying to build a strong and powerful and good economy. but that will come through investments in cleaner energy systems, not in reliance on the systems we have had in place which have now increasingly are burdening our economy through years in agriculture and forestry and extreme weather losses and sea levels rising. you want to ask the question -- where is the risk? clean or dirty? you mentioned the president's commitment to veterans got a little lost with th

i had a hearing on-site at santa ofre in 1983 on site and this just continues, this whole pattern continues at the agency and it is one that it's troubling because especially post fukushima, it's very important for this culture to change and am afraid it has not. >> thank you, senator. senator sessions? >> thank you, madam chairman. i appreciate your -- both of you senators' interest in the study of this over the years. i do have a different view. i think the good news is that in our nuclear power industry, unlike our coal, natural gas, oil, and other industry, we've not had a single individual be killed in the entire process of that industry, nor have we had a person, to my knowledge, made sick as a result of nuclear accident. so i say that to date, we've had a pretty good record. i'll ask some different commissioners here, maybe 's issioner osendorf, the standard senator markey introduced a nuclear plant decommissioning act which grants a large royalty to states and communities in the development and decommissioning of nuclear plants. based on your experience, would you share with us any

ofre are specific rules criminal procedure that say you cannot disclose that to the sec.owever, they have shared information for decades. they talk to one another. they do things, and each one has its own particular objective. the sec, civil. doj, criminal. what changes it is subjective. department of justice looks at cases, and because of a lack of real manpower -- it is one of the smallest administrative agencies, they have to bring cases that have the bang for the buck. if it is high-profile, they are going to bring that case. >> also, if they're both involved, does that mean they have more confidence that they will be able to win the case? >> presumably, the justice department has confidence. it is a requirement, the prosecutor concludes it can prove the case beyond a reasonable doubt. quite often you will see both the justice department and the sec an ounce a filing on the same day. there will be an indictment, but there will also be a parallel civil complaint. he justice department needs -- has a higher standard of proof. otherve fraud, unlike any litigant in this c

ofre's a whole swath military capabilities that could be useful depending on what decisions the president wants to make. >> [indiscernible] set piece army. this is not seem like a set piece force that you could employ traditional -- >> there's not. but iraqi security forces are. whatever the thrust of whatever options would be to assist the iraqi security forces in meeting this threat. >> [inaudible] >> the president has been clear about his intent with that in that regard, in the near-term to help break the him and him -- momentum of isil. >> [inaudible] planning for unilateral airstrikes by the united states but in coordination with combined -- >> whenever we would do would be in combination with the iraqi government. and the iraqi security forces. certainly at the request of the iraqi government. i don't want to get into a lot of hypotheticals or chase the rabbit hole exactly what options. our job is to provide the commander-in-chief options. that is what we do every single day, all over the world. >> [inaudible] is that unmanned, isr? we are intensifying -- this week, our isr support

ofre should be a presumption irrelevance for any conviction number of years and anyone who has shown of rehabilitation. finally, background check regulated.ust be wrap sheets are not a commodity. market innot create a the buying and selling of people's conviction records. some law enforcement sheets. that sell wrap any records disclosed must be accurate. of criminalrce record acquisition is wrong 50% of the time. it must be cleaned up an obtained. be a no-cost method for people to check their wrap sheet and make changes. the endless government intrusion of our citizens and the social and moral havoc viblgs and entire communities. we need a coherent national to forgiveness, to redemption and rights and status. >> thank you, mr. jones. the chair is going to put at the end of the question queue in case we run out of time all of the other members can ask questions and at time, -- before recognizing the gentleman from virginia mr. scott. let me say the chair is going to inespecially vigilant enforcing the five-minute rule so everyone has a chance. [laughter] reputation of looking at the r

see criminals using it for -- examples ofre that in a criminal way question mark we have seen some of the -- in a criminal way? we have seen the stalking and we want to make sure we crack down on that. i am wondering in the studies if we have seen that actually occurring. >> i think the stalking apps are the clearest example of the harm that it can do. but we want to make sure we do not stifle any development of new technologies and positive uses of this geolocation information. the department of justice works with law enforcement agencies and thehe country wireless industry to issue amber alert's. distribution of easy amber alert. -- of these amber alert's. alerts fall within one of the exceptions to the bill? >> amber alert have been important identifying missing children. i think we need to look at this issue more broadly and i can bring that back to the department to take a look at it through our office and the office on violence against women. we have seen -- and you will hear testimony from folks on the second panel -- if you look at ,he cases of cyber stalking when you look at

ofre because of the lack systems in place, because of lack of oversight, all the myriad of reasons we discussed, there has been some significant amount of waste. it will be helpful if there was a range. even of the review you have done where you know there was a waste. butnt to look forward, too, as we deal with this issue of a shared database, it is a whole lot easier to convince all of our colleagues here and those who may not be inclined to support a shared database, why it is important if beyond speaking generally about the types of problems that exist, we can point out that out of $103 dollarsof taxpayer that x percent has been wasted. i'm not asking you to re-create the wheel but based on all of the analysis you have done, you must have some sense. >> i think we can speak in broader terms and give specific examples. that a back to the point lot of stuff was not done efficiently. or it cost a lot more than in other areas. the biggest amount of the u.s. contribution has been on the security side. of the congress back in 2008 where the afghan security forces were apparently fully a

with ofred it friday the activist who were there, all of whom spent some time in toldtion or in prison, who the story of make -- missed opportunities, especially including june 4, when there was such a lackluster response from interested parties around the world. host: there have been varied accounts and we have been looking for -- at some of the pictures. toll?as the final death >> it is still open for discussion. the government never allowed and in the end and investigation. on times, the numbers are in the thousands. at least 200 were killed right on this where as all of this was happening. the interesting music you years invitedresident clinton the operational commander who ordered the slaughter of the students, had him into the white i thinkave him is moot, he should've been held liable for crimes against humanity. a horrible erie it he went to the army war college and said in answer to a western in 1996 thomas nobody died at this where. i put together a hearing and had who of those who were there said, we watched as people were killed by tanks, bayoneted, shot and beaten by the t

and we can be our own worst enemies, and get down on ourselves because we lose a 100% ofr we didn't get what we want. ofnge can come in increments 20% victories, but we have to celebrate those victories and forward.ing so this is just the beginning, and it has to be, because this long road. be a we're going to have to see changes in the way society this issue, that is going to come from people in this room who will have to seese the way congress these issues. that's going to come from the people in this room. have to build on this movement, because it affects everyone. this should be one of those issues that galvanizes this nation. it knows no race, no socio-economic background, no religion. we allmething that should be able to pull around, but we all have to be out there pushing this forward. and that is my hope for today, beginningis just the of an important conversation that's going to continue for come, untilars to we're finally up there with have leading nations who had amazing work family policies for much longer time. is no excuse for america to be following on this issue. leadin

see criminals using it for -- examples ofre that in a criminal way question mark we have seen some ofhe -- in a criminal way? we have seen the stalking and we want to make sure we crack down on that. i am wondering in the studies if we have seen that actually occurring. >> i think the stalking apps are the clearest example of the harm that it can do. but we want to make sure we do not stifle any development of new technologies and positive uses of this geolocation information. the department of justice works with law enforcement agencies and thehe country wireless industry to issue amber alert's. distribution of easy amber alert. -- of these amber alert's. alerts fall within one of the exceptions to the bill? >> amber alert have been important identifying missing children. i think we need to look at this issue more broadly and i can bring that back to the department to take a look at it through our office and the office on violence against women. we have seen -- and you will hear testimony from folks on the second panel -- if you look at ,he cases of cyber stalking when you look at it

incidence ofr flooding.al states like florida, there are neighborhoods where now every time there is a high tide, there's a flood in these neighborhoods and the problem is it's getting worse. as folks in china, india, and other places the side, they want to have cars, too, and they want to have electricity, the things that we've got. they start building more power plants and they start driving more. all of that adds to more carbon dioxide and it starts compounding. is something we have to deal with. the good news is there's things we can do. we doubled fuel efficiency standards on cars. by the middle of next decade, cars and trucks will go twice as far on a gallon of gas. that will save you money in your pocket book but it also takes carbon dioxide out of the atmosphere. [applause] invested in clean energy. since i came into office, we are producing three times as much energy through wind power and producing about 10 times as much through solar power and we are creating jobs here in the united states, folks,