>> wireline. >> what so what does wireline mean? >> well wirelines, we lower explosives underground to predetermine depths >> wireliners lower explosives thousands of feet into the ground as the first step in the fracking process. >> all these companies are using explosives right. >> wireline, yes. >> is there any kind of general requirements for that? >> there's no doctrinal training if that's where you're getting at. >> yeah >> no. there's no doctrinal training. >> to deal with explosives? major explosives. >> no, you'll go, it's basically just prac app you know just going out to the field and me teaching you, you know just hey this wire to this wire. >> workers like john are paid between one and two percent of the fee given to their employer to frac a well so the faster they work, the more money they make. >> i work a twenty and ten twenty days on and ten days off. the longest i've ever been out on a job site is 69 hour straight. >> sixty-nine hours straight! that sounds like it could be dangerous? >> yeah, definitely. >> it's a

>> wireline. >> what so what does wireline mean? >> well wirelines, we lower explosives underground to predetermine depths >> wireliners lower explosives thousands of feet into the ground as the first step in the fracking process. >> all these companies are using explosives right. >> wireline, yes. >> is there any kind of general requirements for that? >> there's no doctrinal training if that's where you're getting at. >> yeah >> no. there's no doctrinal training. >> to deal with explosives? major explosives. >> no, you'll go, it's basically just prac app you know just going out to the field and me teaching you, you know, just hey this wire to this wire. >> workers like john are paid between one and two percent of the fee given to their employer to frac a well, so the faster they work, the more money they make. >> i work a twenty and ten twenty days on and ten days off. the longest i've ever been out on a job site is 69 hour straight. >> sixty-nine hours straight! that sounds like it could be dangerous? >> yeah, definitely. >> it's

. >> wireless is very different than wireline. is not exactly the same as data flowing over a network for example. >> at 8:00 eastern on monday, on the communicators on c-span2. c-span gives you the best access to congress. live coverage of the u.s. house, congressional hearings, and news conferences, ringing you events that shape public policy. every morning, "washington journal" is life with journalists and your comments by phone, facebook, and twitter. c-span, brought to you as a public service. >> like many of us, first families take vacation time. like presidents and first ladies, a good read can be the perfect companion for your summer journey. what better book than one that appears inside the personal life of every first lady in american history. "first ladies," inspiring stories of fascinating women who survived the scrutiny of the white house. a great summertime read, available from public affairs as a hardcover or e-book through your favorite bookstore or online bookseller. >> former president jimmy carter and former fir

the wireline platform. the wireless platform or any platform it will be unifying content bundle.e building a content bundle themselves with a low and the number of content deals they have already announced. >> verizon selling the huffington post? i think it is interesting content. think they ought to keep it in see how well it fares putting the new content on aol wireless device. olivia: what is the tsongas -- ?trongest stock in the sector >> i think>> it is clearly at&t. mexico is a huge new offering for them. i think at&t will probably have stronger growth in the next five years, certainly than verizon. why are you bullish on ie tie up with directv? >> think they can do a lot of things with that. they will now it and the wireless broadband network to sell broadband to the directv customers. now they have a unified offering. whether you want wireless, voice, internet. at&t can get that to you on a national basis. and it is cheaper. michael stein. telecom analyst at drexel hamill . appreciate that. still ahead, the s&p 500 had a neck -- another record yesterday. history showed it

many company's work for wireline, which provides fixed line wire services and fires internet. a major milestone for the smithsonian. >> one small step for man. one giant leap for mankind. autria: in just a few days, the national air and space wheezy him has matched their goal to preserve neil armstrong's spacesuit. the campaign that began monday in just six days has raised more than a half-million dollars they were looking for. the money will be used to digitally preserve and archive the exact suit armstrong wore during the historic apollo 11 moon landing. metro wants to give you a free ride. why they are offering to get you around without a ticket and where it will take you. plus, going on record, the new were just coming from hillary clinton about her benghazi e-mails. first, these haunting photos just now being released. the never before seen look, just minutes after 9/11. autria: today, a never before seen look inside the white house on one of america's darkest days the national archives releasing these photos taken the day of september 11, 2001. it shows president george

wireless is very different than wireline, so our hope would be that wireless could be treated differently in terms of net neutrality recognizing that it's a scarce resource. and so it's not exactly the same as data flowing over a fiber network, for example. so we think the wireless piece does need to be given careful consideration. >> host: what kind of reception are you getting from members of congress with regard to your spectrum -- [inaudible] >> guest: i think very good. i think congress is interested in this. the energy and commerce committee had a hearing a couple to weeks ago on spectrum, it went very well. everyone is recognizing that the world is going mobile, and in order to accommodate that and all the innovation that entails we're focused on providing more of it for commercial mobile broadband. >> host: alice tornquist is with qualcomm. and "the communicators" is on capitol hill to talk with some of the companies who are showing members of congress their new technology, and one of those companies is charmtech labs dr. ye again bro din is with them. what is it you do? >> guest:

dollar, and the consumer starts to think about their access to the internet, whether wireless or wirelinetheir purchasing of content as a single bucket. there will be with you spend -- to divide up their spending. be at&t andsed to verizon, at&t going the way of directv, verizon going a different path. >> at&t will have a unified content bundle. whether you are on uverse, wireless, or any other platform, it will be unified content. verizon is going a different route, but they are building a content bundle themselves with aol and a number of other deals they have announced. olivia: speaking of content, should verizon cell the huffington post? >> i don't think it would be all that material for them. interesting content. i think they ought to keep it and see how well it fares, putting that content on a wireless device. olivia: strongest stock in the sector? >> at&t. they have the balance sheet wherewithal to invest for growth. what they are doing with directv. mexico is a huge new entry for them. they will have stronger growth over the next five years, certainly than verizon, and in a better

vonnie: fios internet would be part of that -- john: fios is on the wireline side.ve beyond wireless services as we know them, the voice services into streaming video, brings them into competition or maybe cooperation with apple -- who knows? but ultimately they need to get into that video delivery service, and they have not articulated well, but they are moving on i ort. tom: are they a yield hard trap? is it dead money for retirees? john: people are in it for the evidence, i think to a degree, tom, but look the video story to be big if they get it right. verizon has quietly been amassing these assets like on cue and uplink. they are really getting ready for something big. tom: all right, john butler with bloomberg intelligence. turning to the market, oil is what we are watching along with old, $50, $.10 a barrel on american oil. gold this morning $11.08 an ounce. a little bit of a rebound. commodities in general slams. brendan: this is "bloomberg surveillance." i'm brendan greeley with tom keene. five years ago today president obama signed dodd-frank into law. its

i also want to commend determined for advancing a procompetitive agenda both in wireline and wireless service. the commission's upcoming vote on tech transitions its action on special access and the establishment of the spectrum reserved in the incentive auction are all important steps towards preserving and preserving competition. mr. chairman keep up the good work rate thank you and i will yield to our colleague ms. matsui. c yankee for yielding to me. welcome back chairman wheeler and commissioner pai. i know you have a busy agenda and i want to highlight two priorities and i know we are all interested in. the first is making more spectrum available. spectrum is there infrastructure of the 21st century. critical to keep our wireless economy growing. we need to talk about how to did more spectrum into the pipeline so we can continue to meet demand. congressman -- we need to continue to explore the solutions. the second is making broadband access more affordable. millions of americans are still on the wrong side of the divide. the lifeline probe ran can and should help these american

internet age and defines -- i want to commend chairman for dancing april competitive agenda both in wirelinend wireless service. the commission's upcoming vote on tech transitioned from its action on access and the establishment of the spectrum reserve indians in the auction are all important steps toward preserving and promoting competition. mr. chairman, keep up the good work. thank you and i will yield to our colleague, ms. matsui. >> to give a much for yielding to me. welcome back chairman wheeler and commissioner pai. it's great to see you again. i know you have a busy agenda i want to highlight two priorities i know we're all interested in. the first is making more spectrum available. spectrum is our nation's invisible infrastructure of the 21st century. it's critical to keep our wildest economy growing. we need to talk about how to get more spectrum into the pipelines we can continue to meet demand. congressman goss and i have a bipartisan bill to create new incentives for federal users. we need to continue to explore these solutions. the second is making broadband access more afforda

shapiro noted the need for broadband both wireline and wireless as well as ensuring that spectrum isreality they use the spectrum is growing by on mobile data, growing by 55% each year. with the internet of things and the digitization of physical things it will only grow more expeditiously so spectrum will be increasingly important. in addition to doing those things we intend and need to partner with congress and the administration to make sure that policy is poorly developed. there are three things we think that's important congress focus on. one is we need a national strategy around the internet of things. much in the same way that a national broadband plan was able to focus our attention and drive the deployment of broadband. having a national strategy around the internet of things would be incredibly helpful. second we need more spectrum as mr. shapiro and i pointed out earlier. the u.s. government is the largest holder of spectrum and hence has the greatest ability to impact the deployment of spectrum, and the hope that we can work towards making it more efficiently. more effici

also for advancing the pro competitive agenda, both in wireline and wireless service. the commission's upcoming vote on tech transitions, its action on special access, and the establishment of the spectrum reserve in the incentive auction are all important steps towards preserving and promoting competition, mr. chairman, keep up the good work, thank you, and i'll yield to our colleague. >> thank you very much for yielding to me. welcome back chairman wheeler and commissioner pai, it's great to see you again. i know you have a busy agenda and i want to briefly highlight two priorities we're interested in. the first is making more spectrum available. spectrum our nation's invisible infrastructure of the 21st century. it's critical to keep our economy growing we need to talk about how to fit more spectrum into the pipeline so we can continue to meet the command. the congressman and i have a bipartisan bill to create new incentives for federal users, we need to continue to explore these solutions. the second is making broadband access more affordable. millions are still on

by contrast, the large incumbent telephone companies do not earn attractive returns in their wireline businesses. for example, a decade after first undertaking their fios fiber-to-the-home buildout to eighteen million homes, verizon has not yet come close to earning a return in excess of their cost of capital. in 2014 their aggregate wired telecommunications business earned a paltry 1.2% return, against a cost of capital of roughly 5%. for the non-financial types in the room, that's the equivalent of borrowing money at 5% interest in order to earn interest of 1%. that's a good way to go bankrupt. no one would undertake to replicate those disastrous financial returns. at&t, which at around the same time began building a much less robust and therefore less costly broadband fiber-to-the-node network, has also earned poor returns. their roic, or return on invested capital, has been declining for a decade and is, like verizon's, well below the cost of capital. at&t has committed to the fcc to make fiber available to a total of 11.7 million locations in their footprint in order to make thei

. >> wireless is different than wireline.i hope it is being that wireless could be treated differently in terms of net neutrality, recognizing it's a scarce resource and so it's not exactly the same as data flowing over a fiber network, for example. we think the wireless piece of it does need to be given very careful consideration. >> tonight at 8 p.m. eastern on "the communicators" on c-span2. >> the future of radio is the main topic on several panels at the annual "talkers" magazine conference in new york. 2050 marks the 25th anniversary of the magazine. speakers export industry trends digital technology and the changing landscape of political talk shows. this is about 90 minutes. >> thank you very much. and i always take it very personally when people come to this event because it's really hard to get people to go anywhere nowadays. so when you think about the level of quality in terms of the quantitative nature of this crowd, like i say i just can't believe it. 25 years ago we started "talkers" magazine. we made up the wo

. >> wireless is very different than wireline. our hope would be that wireless could be treated differently in terms of net neutrality recognizing it's a scarce resource and so it's not exactly the same as data flowing over a fiber network or sample so we think the wireless piece of the does need to be given careful consideration. the story is reported by the "associated press" to end the u.n. arms embargo on the country a parallel deal that the united states opposes. diplomats are and it tends straight day talks seeking a court over the program and the "miami herald" asking as iran nuclear deadline nears analyst ascot and -- will follow. [applause] >> thank you. it's great to be here at a park not just being here in the library where a good deal of research for this book but also being in the hometown of ernest hemingway a writer that did not fail to stir some emotion. i live two blocks from the home in which ernest hemingway lived when he did his first writing. i'm hoping some of the karma will blow over towards my part of the b

. >> wireless is very different than wireline.hope would be that wireless would be treated differently, recognizing it's a scarce resource, and so it's not exactly the same from data flowing over a cybernetwork, for example. we think the wireless piece of it gives a very careful consideration. >> tonight at 8 p.m. eastern on "the communicators" on c-span2. >> congress is back tomorrow from the july 4 break. this week the house plans to continue and to finish work on a bill for bp and other related agencies. also on the house agenda for the week a bill making changes to the no child left behind federal education program. the house will gavel in at 2 p.m. eastern live on c-span. the senate this week will take up a separate proposal given with no child left behind that would give states more authority to determine how much weight to give a standardized test scores. they have a confirmation vote scheduled for later in the day on a federal circuit court judge. the first one of you. you can see live senate coverage you're on c-span2. >>

. >> wireless is very different than wireline. our hope would be wireless could be treated differently in terms of net neutrality recognizing it's a scarce resource and not exactly the same as data flowing over a fiber network. we think "the wire"less piece of it needs to be given careful consideration. >> tonight at 8:00 eastern on the communicators on c-span 2. >>> the supreme court's term ended last month with major decisions on health care redistricting and same-sex marriage. next corresponds from "the washington post," the "new york times" and the "l.a. times" talk about those cases and how they were ruled on by the justices. they also spoke about their own experiences covering the court. this is an hour and a half. >> thank you all for coming. our thanks first to arnold and porter to hosting us again this year in the fabulous cole porter room and thanks to marsha tucker the firm's technical staff for making targmentes. thanks to c-span which you can see behind you for covering us again this year. if you have any problem with

by contrast large telephone companies do not earn attractive returns on their wireline businesses. for example, a decade after first undertaking the fiber two the home buildout 280 million homes verizon has not yet come close to earning a return in excess of their cost to capital. in 2014, their aggregate wired in the structure business earned a 1.2% return against a cost of capital of 5%. for the nonfinancial types in the room that is the equivalent of borrowing money at 5% interest in order to earn 1% interest. that's a good way two go bankrupt. no one would undertake to replicate those disastrous financial returns. at&t which at around the same time began deploying a much less robust and therefore less costly fiber two minot networks has also earned poor returns. it has been declined for a decade and like verizon is well below the cost of capital. at&t is committed to the fcc to make fire available to a total of i now believe it's 12 and a half million homes. in order to make their acquisition of directv more palatable to policy makers, but it's hard to be optimistic they will d