but, mr. ross knows the steel market globally very well, and he knew about the plants in my district. i was very impressed with his granular are knowledge of what is happening in the steel industry. so i have high hopes. >> let's go to first call, and that is from ed. ed joining us from our republican line this morning from lawrenceville, georgia, and thank you for calling the program. you are first up. thank you, and go ahead. >> caller: good morning. well sh well, from my observance, it seems that the people in the steel unions are quite glad what president trump has done. what i would like to ask the representative is, you know, for the most part, the democratic party seems to be against everything that the republicans do, and yet, most republicans, and we are not hunter/gatherers like your voters, but 42% of americans don't have even $10,000 saved for their retirement. >> and so, ed, what would you like the congresswoman to address, please? >> caller: well, i would like to say that if the steel

lighthizer, mr. ross, we are just starting a negotiation with the european union because they've really shut out our country to a large extent. they have barriers that they can trade with us but we can't trade with them. they have very strong barriers, very high tariffs. we don't. it's just not fair. nafta's been a very bad deal for the united states, but we'll make it better, or we'll have to do something else. the deal we have with south korea's a very one-sided deal. it's a deal that has to be changed. so we have a lot of things happening, but in particular with china, we're going to be doing a section 301 trade action. it could be about $60 billion, but that's really just a fraction of what we're talking about. i've been speaking with the highest chinese representatives, including the president, and i've asked them to reduce the trade deficit immediately by $100 billion. that's a lot. so that would be anywhere from 25%, depending on the way you figure, to maybe something even more than that. but we ha

mr. chairman. secretary ross, welcome. >> thank you, sir. >> let me begin by saying that i strongly oppose the tariffs on steel and aluminum imports. you know my home state of texas leads all states when it comes to import steel and aluminum products, so it's a big deal for texas. as a combat veteran who fought in two wars, i'm deeply troubled at section 232, which is intended to protect our national security, is being misused to advance a rotectionist agenda. mr. secretary, there is simply nothing to suggest that the imports pose a risk to our national security. instead, these tariffs pose a serious risk to our economy. they could trigger a trade war. nd they may damage our relations with key allies. in the department of defense memo that secretary mattis sent to you, he said, and i quote, d.o.d. does not believe that the findings in the reports impact the ability of d.o.d. programs to acquire steel or aluminum necessary to meet national defense requirements. mr. chairman, i'd like to submit that memo for the re

mr. ross mushroom brothers accused the father of the shall some go around is the. only one as among others what you want to see. is the horse but. the topic of. one is in the. moment do. you know the other. and that. this. was. to come i should. want to. see what is it. with. you aside. there. was a little doubt. you should. just kill people because you know one solid was of them while you go wild with to my. well that which i will the. other loose and. tell you send the ball monist was in the midst. of all over the show. phil how phrases of them come to the old me. when i was a normal give us out of that awful lump. on the sun. good luck but as you can meet a young. zagging isn't about up on the sun. on this. day i want to. go on then there with. you a keyboard that you showed. that you could i wish i were a bust but. what i was after my the no we had the. flat tell you saying the. horse was from a the. war to make it and use and. more of that which i listened thinking with all of us from. mislead you on what i'm not that yet but i wanted. them to do with all of u

are both going to mr. ross mushroom i would rather as a kid the father of the other was still some good. some don't know cuz it would only run as a man but i was with him i'm just. as politician i was i going as a horse but. i'm also a topic of. one is in the mobile to learn time moment. is the. most. from that. but i should. hope that. this. was. a plus i think my should should. when i guess again. was that. as you shall see about a school might get a glisten mug with. salem or with. and there was a lizard out and would do this to off you should. all the sharks about to come out on the dock i should guess it was meant cheers killable but a sneer on solid walls or shrubs are the more you go wild with can. hold as you have to with them but that will share with the stone will that which i will don't. want but other loose and. tell you send the bonus was in then this. short all over the show. fill the house resist a bunch of them come together with me. you said when i was a normal kid must assume out of that awful

and of course as only to find it possible to communicate ok well mr ross thanks very much for joining us national democratic party m.p. time thanks for joining us from thank you. well this year the vast majority of polling stations are equipped with a web camera streaming everything that happened that meant that anyone allowed anyone could be an observer without even leaving the comfort of their own home yet it's a system that was introduced during the twenty twelve presidential election it was expanded and they burned their keepers well this time around helping to expose a number of electoral fraud cases this year. say. that years passed until the election was being monitored by a record number of foreign observers over fifteen hundred had registered before the vote and they came from all corners as well among them present were people from france poland and the u.k. and their overall assessment of it all i'm mainly. we have some team in moscow. sent. us stuff and the return is everything was normal everything is neat little bit cloudy in france for example even maybe more because for

pay the steel and aluminum tariffs so we are to go sharing with various countries mr light has or mr ross. we are just starting a negotiation with the european union because they really shut out our country to a large extent they have barriers that they can trade with us but we can trade with them they're very strong barriers have very high tariffs we don't it's just not fair nafta has been a very bad deal for the united states but will make it better or will have to do something else the deal we have with south korea is a very one sided deal it's a deal that has to be changed so we have a lot of things happening but in particular with china we're going to be doing a section three zero one trade action it could be about sixty billion dollars but that's really just a fraction of what we're talking about i've been speaking with the highest chinese representatives including the president and i've asked them to reduce the trade deficit immediately by one hundred billion dollars it's a lot so that would be anywhere from twenty five percent depending on the way you figure to maybe something eve

pay the steel and aluminum tariffs so we are to go sharing with various countries mr light has or mr ross. we are just starting a negotiation with the european union because they really shut out our country to a large extent they have barriers that they can trade with us but we can't trade with them they're very strong barriers have very high tariffs we don't it's just not fair nafta has been a very bad deal for the united states but will make it better or we'll have to do something else. the deal we have with south korea is a very one sided deal it's a deal that has to be changed so we have a lot of things happening but in particular with china we're going to be doing a section three zero one trade action it could be about sixty billion dollars but that's really just a fraction of what we're talking about. i've been speaking with the highest chinese representatives including the president and i've asked them to reduce the trade deficit immediately by one hundred billion dollars it's a lot so that would be anywhere from twenty five percent depending on the way you figure to maybe somethin

i think that's where mr. ross and i part ways. >> yeah. pisani, ross, santelli would be a wonderful showdown. thank you very much. >> mad money host jim cramer, you might have heard of him, he was pushing back on the barricades for stocks when it came to steel and aluminum imports as well. listen to this >> in the end, i believe this market will settle down and the bear case is simply way too extreme. verging on hysterical. w while it produces a garden variety sell-off, that's the far more likely scenario >> let's bring in jeff and michael, president and portfolio manager. i agree with jim, but i'll take it an extra step, which is this. when i see -- doing this for 20 years, when i see the dow sell off a couple hundred points on a headline, i think some computer algorithm somewhere heard us or somebody say trade war or tariff, and it kicked in the sell order you're a portfolio manager, michael. were you selling stocks into the tariff story yesterday >> no, we actually did a little selective buying i would agree with you i think from our sta

lighthizer, mr. ross.tiation with the european union because they really shut out our country to a large extent. they have barriers that they can trade with us but we can't trade with them. they have very strong barriers, very high tariffs. we don't. it's just not fair. nafta has been a very bad deal for the united states, but we'll make it better, or we'll have to do something else. the deal we have with south korea is a very one-sided deal. it's a deal that has to be changed. so we have a lot of things happening. but in particular with china, we're going to be doing a section 301 trade action. it could be about $60 billion, but that's really just a fraction of what we're talking about. i've been speaking with the highest chinese representatives, including the president, and i've asked them to reduce the trade deficit immediately by $100 billion. that's a lot. so that would be anywhere from 25%, depending on the way you figure, to maybe something even more than that. but we have to do that. the word that

ross: thank you mr. president. we believe we are relatively close to a pretty comprehensive resolution with the south korean government. it would encompass, if it goes s andgh, both the 232' broader trade issues. we hope by sometime next week to

. >> the thought is here that it was mr. ross that was the individual that was the key ear -- excuse me, had the ear of the president on this announcement. is that what you're hearing? >> yes. on the one hand you have wilbur ross who stands with the president on this decision to impose these tariffs, something that was done over the objection of key advisors. remember this is something that president trump campaigned about on the campaign trail. i think you have -- you go back to that. i think president trump goes back to at the end of the day of the folks that he thinks are his base, what he thinks got him elected and the people who he believes support him. in this case, when you have this chaos in the white house and for him to make a decision that he knows his chief of staff isn't going to like, that his economic advisor is not going to like, he's going to go back to what the base wants. in this sense i think it's more an issue that secretary ross agrees with him on this, but this is something he wanted to do. he thinks he kno

here's the problem, mr. ross.ting these tariffs on steel and aluminum doesn't actually hit china. not so hard. >> stephanie, thank you. an incredible piece at nbcnews.com. >>> new details relating to the clinton e-mail controversy as the inspector general of the justice department prepares what "the washington post" reports is a damaging report on former fbi deputy director andrew mccabe. the post also reporting today that the fbi interviewed hillary clinton aide huma abedin last winter, more than a month and a half after its e-mail investigation seemed to have concluded. matt reported both of these stories. he joins me now. let me ask you, the basic question here, we were told, led to believe this investigation was over with. what explains that interview that took place around the holidays? >> well, i understand that the fbi felt the investigation was over in november, just days before the election. with respect to secretary clinton. and they were sort of careful, even though the public didn't interpret it that w

leitheiser, mr. ross. we're just starting negotiation with the european union.ecause they've really shut out our country to a large extent. nef barriers they can trade with us but we can't trade with them. strong barriers. very high tariffs. we don't. just not fair. nafta has been a very bad deal for the united states. but we'll make interest better. or have to do something else. the deal we have with south korea is a very one-sided deal. a deal that has to be changed. a lot of things happening. with china, we will be doing a section 301 trade action, it could be about $60 billion. but that's really just a fraction of what we're talking about. i have been speaking with the highest chinese representatives. including the president. and i've asked them to reduce the trade deficit immediately by $100 billion. that's a lot. that would be from 25%, depending the way you figure, to something even more than that. we have to do that. the word that i want to use is reciprocal. when they charge 25% for a car to go in, and we charge 2% for their car to come into the united

lighthizer, mr. rosse are just starting a negotiation with the european union, because they really shut out our country to a large extent they have barriers that they can trade with us but we can't trade with them. they have very strong barriers, they have high tariffs we don't it's just not fair nafta has been a very bad deal for the united states. but we'll make it better or we'll have to do something else. the deal we have with south korea is a very one-sided deal it's a deal that has to be changed. so we have a lot of things happening. but in particular, with china, we're going to be doing a section 301 trade action it could be about $60 billion. but that's really just a traction of what we're talking about. i've been speaking with the highest chinese representatives, including the president. and i've asked them to reduce the trade deficit immediately by $100 billion that's a lot so that would be anywhere from 25%, depending on the way you figure, to maybe something even more than that but we have to

mr. president, and secretary ross. we're in a situation where competing unfairly meant there has been capital inflation and that lack of investment is reflected in the loss of jobs in america. it has all been a matter of unfair competitions. in the national security issues that we have around a vibrant and capable manufacturing sector. we will takemp: care of the situation, ok? steal and aluminum will see good things happen. we will have new jobs popping up and much more vibrant companies. the rest will be management to make them truly great. it can be very happy and i think .t is possible but you have a long way to go. i remember when i was growing up, u.s. steele was the ultimate company. the daca deal was a disaster for the country. the debbie t o was a disaster. the rise of china economically, if you look at it directly equal to the date of the opening of the world trade organization, it has been great for china. other countries but terrible for the united states. , and twolking about it of the groups that i want t

mr. president, and secretary ross. we're in a situation where competing unfairly meant there has been capital depletion and that lack of investment is reflected in the loss of jobs in america. and it has all been a matter of unfair competition. and we need a level playing field or we are going to lose our manufacturing infrastructure and the national security issues that surround having a vibrant, capable manufacturing sector. pres. trump: we will take care of the situation, ok? steel and aluminum will see good things happen. we will have new jobs popping up . we're going to have much more vibrant companies. the rest will be up to management to make them truly great. if you could make u.s. steel like it used to be we will be very happy. i actually think it is possible. but you have a long way to go. i remember when i was growing up, u.s. steel was the ultimate company. today you have so many closed plants. the daca deal was a disaster for the country. the wto has been a disaster. the rise of china economically, if you

ross: thank you, very much mr. chairman and committee members. [captions copyright national cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] announcer: live friday on the c-span network at 2:00 p.m. on c-span, the national prevention science coalition holds a briefing on improving school safety and ways to prevent gun violence. at 6:00 p.m., richard blumenthal and advocates will take part in a panel discussion. on c-span 2 at 8:00 a.m., a series of conversations on gun policy and safety. senator blumenthal will take part as well as marjory stoneman douglas student david. the federal communications commission and the federal trade commission hold a forum on combating illegal robo calls. coming up in an hour, melissa bryant, the chief policy officer for the iraq and afghanistan veterans of america on veterans issues and the trump administration. at 8:30, keith far gil -- fargo discusses a report

mr. mugu and makes fun of him. >> wilbur ross, it has been reported multiple times, fell asleep in meetings. jeff sessions has been off sides with the president for months and months paubecause he didn't recuse himself. a name not on here is john kelly. it's been widely reported there are some in the white house that want to push kelly out. if mcmaster is out, here's a question, who is going to replace these people? who is going to be confirmed? i talked to people in the white house last night. could it be john bolton? another name is kellogg, one of

ross. secretary.u, mr. fantastic interview. we appreciate it. let's check how stocks are doing. there was movement right be for that interview. here is abigail doolittle. looking at mixed trading action. earlier, we had greater than 1% declines. s&p 500 down .2%. the nasdaq up almost .2 percent. off the lows, a little bit of a reversal. the question is whether or not it will hold. we have had lots of volatility with investors, dealing with two issues. first, look at rates. jay powell testified before congress, indicating that the economy is strong enough to handle rate hikes, and speaking to wilbur ross about potential proposed aluminum and steel tariffs and a possible trade war, what that could mean. investors not liking this. all of this taking a toll on a weekly basis. thee take a look inside bloomberg, a big increase in the s&p 500 over the year. weeke looking at the first in three weeks for the s&p 500. again, a bit of a return to volatility, and of course, the proposed tariffs, 10% on aluminum, 25 percent on steel, taking effect in different companies. we are looking at tr

lighthizer, mr. rossarting a negotiation with the european union because they really shut out our country to a large extent. they have barriers that they can trade with us, but we can't trade with them. there are very strong barriers. there are very strong tariffs. we don't. just not fair. nafta has been a very bad deal for the united states but we'll make it better or we'll have to do something else. the deal we have with south korea is very one-sided deal. it is a deal that has to be changed. so we have a lot of things happening but in particular with china, we're going to be doing a section 301 trade action. it could be about $60 billion but that's really just a fraction of what we're talking about. i've been speaking with the highest chinese representatives, including the president and i've asked them to reduce the trade deficit immediately by $100 billion. it is a lot. so that would be anywhere from 25% to depending on the way you figure, to maybe something even more than that but, we have to do that

wee by san francisco police. 27-year-old tyler ross was taken into custody tuesday after witnesses say he tagged a building near the transamerica pyramid. mrs. say ross is responsible for this graffiti that has popped up throughout the city. officers say spray cans were found on him after his arrest of the the paint on his hands matched the paint used in the vandalism. >>> state health officials are warning consumers not to eat recreational caught muscles and kplams from the county. they have a toxin that can cause illness ort in humans and cannot be removed through hooking. health warnings are in place in eight other counties. however it does not affect seafood purchased in stores. >>> lisa argen is tracking the forecast for us. another warm weekend on tap. >> for some of us. the fog is back at the golden gate bridge and half moon bay. visibility reduced to quarter of a mile. we are also looking at a full moon. it's clear inland. we will get some high clouds, some sun, certainly a cooler. >> yeah but still above average. we'll talk in detail about that and have a look at the accuweather seven-day forecast in just a few minutes. >> also ahe

mr. president. thank you, secretary ross and other members here. we're in a situation where competing unfairly has meant there's been dedepletion in our business, a lack of investment and that is reflected in a loss of jobs and that's been matter of unfair competition. we need a level playing field or we'll lose our manufacturing infrastructure and the national security issues that surround having a vibrant, capable manufacturing sector. >> we'll take care of the situation. okay? so, steel and aluminum will see a lot of good things happening. we'll have new jobs popping up. much more vike brant companies and then the rest is up to management to make them truly great. if you can make u.s. steel like it used to be, we'd be very happy and i actually think it's possible. but you have a long way to go. i remember when i was growing up, u.s. steel, the ultimate company, and today you have so many closed plantses, and to deal with the disaster for our country. the wto has been a disaster for this country, for our country. in fact the raise of china econom

mr. ross: i rise in support of the rule and underlying legislation, the financial stability oversight council improvement act of 2017. when folks save for retirement, college or downpayment on a house they expect the system is safe and geared towards maximizing their benefit. a beautiful thing is how anyone can participate in the marketplace, strengthen the economy and earn a dividend of the american dream. that opportunity, however, is not guaranteed and as lawmakers we have a duty to protect it. my bill would help us do just hat by improving the financial stability process by from potential system threats. designating more doesn't make our system. fsoc can work with prudential regulators to address threats to our economy before they transform into calamenties. would you say it is sufficient to identify a house on fire. of course not? this is the problem we face with nonbank financial institutions. it may identify tinder boxes but fails to explain how they may be less flammable and defaults t

the backdrop as kevin mentioned is the secretary of commerce mr. ross.ore the election. allowing america trading partners to -- the trump administration, tariffs will be .sed as a negotiating tool the fact that we are already engaged in a trade war. are we in a trade war right now? think like we could get into this. understand what he is talking this is a new x -- a new escalation of it. it could get pretty ugly. typically from china. tom: we were weaned on a multilateral time. then it became bilateral by both candidates. are we into a unilateral area or back torag ourselves constructive negotiations? >> i think we will drive ourselves back. a lot of economic uncertainty. tom cole and explain the probably. this is a delicate issue. the idea is the market always looks forward. does it look forward to the harmful effects or can it look forward to beyond trump? >> i do not think it could look forward to beyond trump. i think it will be looking in the next few days and few weeks as to whether or not this is are for -- referring to, the negotiating approach,

mrs. america is who the president is really trying to defend. lou: absolutely. wilbur rosseing with us. we appreciate it. wish you all of the best. >> thank you, lou. good to see you again. lou: up next, the $1.3 trillion spending bill passing the house. democrats declaring victory. republicans selling the american people out. i'll have a few thoughts about the sad state of affairs in my commentary here text. commentary here text. stay with i'm leaving the track behind, but i'm not standing still... commentary here text. stay with and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvere

secretary ross: thank you, mr. president. we believe we are relatively close to a pretty comprehensive resolution with the south korean government. it will encompass, if it goes through, both the 232's and broader trade issues, and we hope by sometime next week to be able to have a real announcement. trump: thank you. i appreciate it. time we negotiated something like this, and as you know, it has always in a problem for our country. they get together and they create a series of documents that no one has been able to read because it was just a done. you tell me who can read that quickly. it takes a long time to read it. for the last eight years, deep defense cuts have undermined our national security. if you look at what is taken out, they have hollowed our readiness as a military unit and put america at really grave risk . my highest duty is to keep america safe, nothing more important. the omnibus bill reverses this dangerous defense, as crazy at s it has been, as difficult as it has been, as much opposition to the military

mrs. america is who the president is really trying to defend. lou: absolutely. wilbur rosssh you all of the best. >> thank you, lou. good to see you again. lou: up next, the $1.3 trillion spending bill passing the house. democrats declaring victory. republicans selling the american people out. i'll have a few thoughts about the sad state of affairs in my commentary here text. stay with hands go here... feet go here... you know what goes here... and your approval rating... goes here. test drive the ztrak z540r at your john deere dealer and learn why it's not how fast you mow, it's how well you mow fast. nothing runs like a deere. save 250 dollars when you test drive and buy a john deere residential z540r ztrak mower. oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. lou: a huge market selloff today a

peter navarro, wilbur ross. >> mr. cohn is in line with conservative thought. he is an establishment person. but when you see the establishment republican, you have the speaker the house come out today, paul ryan going against the president on these tariffs. i think there is a battle between the republicans. you have the freedom caucus siding with establishment republicans taking on the president for his position on tariffs. this not much legislatively they can do. but you will see a showdown which pits trump and anyone from a nationalistic perspective. and even the establishment. we'll have to see what happens. charles: i thought we saw what happened in november of 2016. it's president trump's party. the republican voters are behind him. maybe paul ryan can survive but even he doesn't want to go to a full-blown out battle. but president obama went back to what got him elected. i know we are surprised when someone actually does that. they make a promise on the campaign trail and they actually live up to it. tammy: trump isn't new to this. with his business expe

mrs. america is who the president is really trying to defend. lou: absolutely. wilbur ross. we appreciate it. wish you all of the best. >> thank you, lou. good to see you again. lou: up next, the $1.3 trillion spending bill passing the house. democrats declaring victory. republicans selling the american people out. i'll have a few thoughts about the sad state of affairs in my commentary here text. stay with us. they sent isn't enh to replace your totaled new car. the guy says they didn't make the mistake. you made the mistake. i beg your pardon? he says, you should have chosen full-car replacement. excuse me? let me be frank, he says: you picked the wrong insurance plan. 'no. i picked the wrong insurance company.' with liberty mutual new car replacement™, we'll replace the full value of your car plus depreciation. liberty stands with you™. liberty mutual insurance. show of hands. let's get started. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then

secretary ross: thank you, mr. president. we believe we are relatively close to a pretty comprehensive resolution with the south korean government. it would encompass, if it goes through, both of the 232's and broader trade issues. we hope by sometime next week to be able to have a real announcement. president trump: thank you, very much, wilbur. i appreciate it. the last time we negotiated something like this, and it has always been a problem for our country -- they create a series of documents that nobody was able to read. it was just done. who can read that quickly? it takes a long time to read it. for the last eight years deep defense cuts have undermined our national security. if you look at what is taken out , it has heard our readiness as a military unit. it put america at really great risk. my highest duty tiis to keep america safe. nothing more important. reverses thisll dangerous defense. as crazy at his and difficult as it has been, as much opposition to the military as we have had from the democrats, and it has be

ross: thank you mr. president. we believe we are relatively close to a pretty comprehensive resolution with the south korean government. it would encompass, if it goes s andgh, both the 232' broader trade issues. we hope by sometime next week to have a real announcement. thank you, wilbur, i appreciate it. last time we negotiated something like this, and as you know it has been a problem for our country, they get together and they create a series of documents that nobody has been able to read because it was just done. you tell me, who can read that quickly? last eight years, deep defense cuts have undermined our national security. ,f you look it was taken out it's hallowed our readiness, and put america at grave risk. my highest duty is to keep america safe. nothing more important. thismnibus bill reverses dangerous -- as dangerous as it has been, as much opposition to the military as we have had from the democrats, and it has been tremendous, i tried to explain to them, the military is for republicans and democrat

mr. ross that interviewed former steel executive and i guess he sees the world through that prism is the steelmaker who doesn't want competition overseas. we have more than 10 times people working in industries than producing steel. when we decide to raise prices on steel, it hurts many more people than it helps. we saw the same thing with the bush terrace. go back through history. i think it has something to do with this bad market month. a lot of progrowth policy. this is not the bad part of the trump agenda hoping he says no to it. what he ought to be going after china for his theft. prices on steel is not a crime. maria: more on that. we'll be right back. n motion. and there it is, the "baby bird". breathtaking. a sumo wrestler figure skating? surprising. what's not surprising? how much money heather saved by switching to geico. fifteen minutes could save you fifteen percent or more. each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cm

mr. chairman. secretary ross on february 9 of this year i joined senator cortez masto in sending a bipartisan letter to gary cohn and general mcmaster raising concerns of the leaked memo to the administration that called for maximizing 5g mobile broadband networks. as you know the united states has been the global leader in mobile broadband since surpassing japan in 2009 but we can't take our global position for granted. china and japan and south korea and the european union are all challenging the united states to be first in deploying 5g given that it has the potential to boost annual gdp by 500 billion create up to 3 million new jobs. in your judgment could the united states be nationalizing any aspect? >> i am aware of that proposal that has been made and has been circulated within the administration but a couple of points. one, we find 5g essential both to the commercial interest in the national security interest of the country so the president is keenly interested in making sure that we are the leader in 5g