buyers of lng.e demand for this gas. they are the largest buyers and also, they are putting it entirely on their balance sheet, they don't need the financing edge for them. alix: fair point. this is a pie chart we have of how many lng projects have been -- canceled lng projects have been planned in canada and how many have actually come through. why is it hard to get done in -- get it done in canada? >> because of the huge infrastructure cost. these projects have a large capital cost. you mentioned this project is $31 billion, that is the largest private sector investment in canada's history. they have to build a 400 mile pipeline and build the lng terminal, which is very expensive. alix: compare that to the u.s. we have a map showing the circles of where lng terminals are in the u.s. opposed to canada. the deeper the blue, the more expensive the cost at the end of the day. is this going to be it for canada? >> it might be. there are a few projects that are trying to move forward. one of them on the

they have to build a 400-mile pipeline and the lng terminal.t is hard to finance if you don't have that sort of balance sheet exposure. alix: compare that to the u.s. we have a map showing the terminals versus canada. the deeper the blue, the more expensive the cost. is this going to be it for canada? >> it might be. there are a few projects that are trying to move forward. one fiber on the west coast has a conditional fid already. there are some of the east coast that are looking to markets in europe. on the whole, u.s. projects have a lower cost. they don't have as much infrastructure needed to build them. alix: thank you. let's turn to commodity in chief. where we focus on one executive in the commodity world. today we talked to jack start. president of continental resources. let's take a closer look at how some companies are trying to unlock more value on assets were they operate. ♪ alix: an oil company wants to make more money, try a royal company trust. an oil company leases mineral and surface rights from a farmer. in den out 4%-8% of pr

it's huge for canada, because canada hasn't really done lng before. it is a huge facility.run up to 26 million tonnes. the two because consumers so far have been korea and japan, but china is really, really ramping up —— the two biggest consumers. they are getting rid of the coal—fired power plants. shell thinks that by 2035 we will have doubled the demand for lng from where we are now, so it is big. many of us are looking for ways of becoming more environmentally conscious — but seaweed may not be the first thing that springs to mind. however an indonesian inventor has found new ways to use the marine algae — liz bonnin went to see how. what is this made of? it's made out of seaweed. we're not using any chemical process. so we can use it for on the bar, then for the coffee sachet. stir it. that's great, that's a great cup of coffee. for soap, so you don't need to open the soap, we can just wash our hands. that dissolves really quickly. i presume the only nutrition in this is in the wrapper. while there are still some concerns about how seaweed farms might affect coastal ec

they may subsidize it, blah, blah, blah, but every european country wants lng, asia wants lng, there is a point in time when china wants lng. that is a revolution which has been stifled for so many years. part of that, to answer your policy question, is we need infrastructure including pipelines, we need east to west, we need west to east. >> why is it so hard to get infrastructure legislation? nobody seems able to do it in the last decade or so. >> the states have some problems. but we also have some leverage at the federal government. you'll see a lot of infrastructure talk. by the way, it's not just pipelines. it would be the building out of whole areas like mini cities, schools, shopping. that's the way these big companies are looking at it. i think it's an absolutely fantastic vision. >> you talked about energy. we're booming, we're the biggest oil producer in the world now. so when the president says opec has prices too high, some people say, wait a second, we're the principal beneficiary now of high prices because we're manufacturing. what did he mean when he said opec has pri

lng is at this stage, liquefied natural gas for the tracking was 15 years ago.what is happening. we could revolutionize the whole lng industry in germany starting right now to develop a new port could be good timing. >> it was a blip that wouldn't have happened. >> it actually is because they've wanted to actually start -- i can tell you why. there's three other terminals that are going to be competing and try to do more natural gas. >> it's an opening from u.s. markets. >> it's great. on a summer's death but don't make it like this is some sort of revolution. it's a nice win. >> how much of it is a need for you to say this is filthy. >> denote a revolution is? >> would they spend a billion dollars? [inaudible] now you're saying -- >> 600 million is one quarter of what netflix will spend. >> we are glass half full. coming up, total stocks soaring ahead of earnings. we'll have the very latest on that coming next. for the past 15 years, chubb has identified ways that we can strengthen our safety measures. and today, our hospitals have some of the best patient safe

it sees the first lng expected before the middle of the next decade.date coming through shell giving the green light to invest in lng canada. we saw the cad rally. let's get to the risk radar. in europe if you're just getting going, this is what we see in the asian session, we are down .7 of 1%. we see the hang seng underperforming, reopening after a holiday. chinese markets still closed and japanese equities are closed, some weakness in the asian session. u.s. futures pointing lower s&pr we saw gains on the 500 yesterday. the risk off is coming through. barrel.at $85 a we had data showing the exports from iran dropped even before the sanctions, the supply questions keeping oil bid and of 1%.o off by .3 you showed the btp's, that is the fourth day of a selloff. we will see how the bund spreads reacts and the euro was shielded , not moving so much but now we 1.15.wn for a fifth a, manus: they're talking about their domestic unit close sales uniclo sales rising. seng postn the hang the weekend and the trade deal has not [indiscernible] it is the italian

africa's largest lake it began gaining attention in the early two thousand while fish stocks woodwind lng along the shores of lake victoria the deep waters around making go teamed with putt when kenya and uganda sent security forces to claim the valuable island in two thousand and nine they almost triggered africa's smallest war. the latest spat fled in september when kenya tried to hoist its flag on the island. despite the tensions people from across east africa still drawn to make ingo. came here years ago because there were lots of people and plenty of fish. while islanders get on with their lives in cramped quarters a joint commission from kenya and uganda is trying to agree where the border lies for now they co-manage making go a rocky marriage of convenience to indonesia which is estimated to be the world's second biggest plastics polluter after china but one of its largest cities has come up with a novel way to clean up its plastic waste process in sort of now except plastic as payment in a screen that has right is paying less but needing bigger wallets. they say one man's trash is

africa's largest lake it began gaining attention in the early two thousand while fish stocks woodwind lng along the shores of lake victoria the deep waters around making go teamed with putt when kenya and uganda sent security forces to claim the valuable island in two thousand and nine they almost triggered africa's smallest war. the latest spot fled in september when kenya tried to hoist its flag on the island. despite the tensions people from across east africa a still drawn to making go. came a years ago because there were lots of people and plenty of fish. formby to sit up . while islanders get on with their lives in cramped cortez a joint commission from kenya and uganda is trying to agree whether the border law is for now take co-manage making go a rocky marriage of convenience you have to think with the news from berlin for all of us here in berlin thanks for the company we'll see you next.

the markets of the future for lng completely change the world geopolitically from that standpoint. yes, the department of energy. we have a roll of whether it directional drilling, technology, some of that came from the department of energy last. but this agency and the 17 national labs, that's what makes it so cool. when you were backstage and we were talking about these fascinating places involved in so many different areas. >> host: which of the seven teen is your favorite. >> guest: that's like picking which of my kids is my favorite. it depends what you're looking for. oak ridge is the home to the fastest supercomputer in the world. three of the fastest -- six of the 10 fastest supercomputers in the world you long to the united states and they belong to the department of energy. summit computer is oak ridge, tennessee. but i will suggest is one of the most fascinating things about that and they have a manufactured materials lab. it is stunning. at this moment, the rover curiosity is traveling around the surface of mars. with an engine that was developed. post the white even ca

our friends in the european union, whether it's china and india, the markets and the lng completely changed the world geopolitically, so yes, the department of energy and we had a role in that, whether it was the directional drilling technology. some of that came from the department of energy lab, but this agency and its 17 national labs. that's what makes it so cool. i mean, when you were backstage and we were talking about these fascinating places that are involved in so many different areas. >> which of the 17 is your favorite? >> that's like pecking which one of my kids is my favorite. it depends what you're looking for. oak ridge is the home to the fastest super computer in the world. three of the fastest and six of the ten fastest super computers in the world belong to the united states and they belong to the department of energy. so summit computer is at oak ridge tennessee and that is one of the most fascinating things about that and they have a manufactured materials lab. it is stunning. at this moment the rover curiosity is traveling around the surface of mars. >> like mars. >> tr

friends in the european union, whether it is china and are going to be the markets of the future for our lng. completely changed the world geopolitically from that standpoint. the department of energy, we had a role in that whether it was the direction of drilling, technology, some of that came from the department of energy labs. this agency and its 17 national labs -- that is what makes it so cool. when you were backstage talking fascinating places involved in so many different areas. >> which of the 17 are your favorite? sec. perry: that is like picking which one of my kids is the favorite. oak ridge is the home of the fastest supercomputer in the world. fastest, six of the theastest supercomputers in world for long to the department of energy. ridge,computer is at oak tennessee. that i which it just is one of the most fascinating things about that. they have a manufactured materials lab. it is stunning. the rover curiosity is traveling around mars, on the surface on mars with an engine developed partly by the department of energy scientists. >> why do you call your self the department of

including with the diversification of, relatively speaking, imports and russia is incorporating the lng stock price into its contract for pipe gas. i would say, in this context, that what we are seeing, broadly speaking in this arena, that question about the u.s. sanctions on european companies, is that with the completion of the pipeline, which may fall under u.s. sanctions, which would be the pipeline from the peninsula to germany, under the baltic sea, is that the russia's long-term project of building pipelines around ukraine, and is no longer being dependent on ukraine for gas transit to europe, will largely be complete. russia has embarked on a billion-dollar, multibillion- dollar endeavor to cut out ukraine as a transit country. this, ultimately, will, in one sense make europe more energy secure, because ukraine will no longer be able to hold you hostage in the context of price dispute with russia, have -- which have been sources of previous cutoffs, but it will deprive ukraine of significant budgetary revenues, which they charge russia for transit fees. there's a new dynamic tha

lng. what the president said to chancellor merkel in front of me was we wanted to make this happen, we wanted to figure it out, so we went work on it. we've been working many months. the chancellor has now indicated they are going to invest in one of three possible sites. they haven't announced which one but there are three possible site in the north of germany. one of those sites, possibly two, we hear, the german post is going to invest in. they haven't announced how much. but they have announced they will invest in at least one, possibly two sites. that means that for the first time we are going to have an lng terminal in germany and it is very good news. neil: but that terminal, getting it set up and running could take quite some type, right? >> it could but a whole bunch of companies are very eager to u.s. companies, to build it, be part of it. three different sights have teams of people looking a at the financing a, moving forward. having the announcement from the germans that the ge

they have a monster lng project in canada. without securing long-term contracts.ions for the market. ♪ alix: i am alix steel. welcome t

they have a monster lng project in canada. the implications for the market. ♪

africa's largest lake it began gaining attention in the early two thousand while fish stocks woodwind lng along the shores of lake victoria the deep waters around making go teamed with putt. when kenya and uganda and security forces to claim the valuable island in two thousand and nine they almost triggered africa's smallest war. the latest spot fled in september when kenya tried to hoist its flag on the island despite the tensions people from across east africa still drawn to making go. came a years ago. plenty of fish. while islanders get on with their lives in cramped quarters a joint commission from kenya and uganda is trying to agree where the border lies for now they co-manage making go a rocky marriage of convenience. there are some big games in the champions league last night and i have good noise from d. to the sports to give us the lowdown you have to start with dortmund versus athletico this was really built as a huge match up did it live up yes and they well i mean of course their big expectations because. when the one of the few teams left in europe so far this season to rema

the world's biggest lng trader royal dutch shell is amongst the foreign companies investing in the facilityhas jumped to 24.5% on an annualised basis. that amounts to a much higher than expected jump of 6.3% compared to a month ago. the increase in prices comes amid on an ongoing cuurency crisis which has seen the lira lose about 40% of its value against the us dollar in the last year. china's tencent music has filed a much—anticipated request to list its shares in the us, in what could be one of the biggest us initial public offerings by a chinese company. let's go to our asia business hub where shara njit leyl is following the story. this is a big dealfor this company, it's all about the karaoke. this is a big dealfor this company, it's all about the karaokelj this is a big dealfor this company, it's all about the karaoke. i don't have the enthusiasm he has for karaoke but it's one of the many services the music arm of tencent music offers. they are seeking a valuation of $25 billion which will make it one of the biggest from a chinese firm in the us this year. not many people outside chi

has surgedand of lng as it moves away from coal.t potential investments in lng projects in alaska and texas. malaysia focuses on income inequality and attempts during in debt. the average gdp extension of 4.5% to 5% in jan -- in 2020. saysrime minister cost-cutting could hurt the economy. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm jenna dagenhart. this is bloomberg. ♪ y: we are seeing asia-pacific stocks falling for a second consecutive second as early more -- consecutive session. that see what is happening in financial markets. talk about the risk off sentiment spreading after wall percentost more than a with the s&p 500 just above the 200 happen day moving -- 200-day moving average. is there hope? >> not right now. it looks like most of the stock markets that are open, japan, australia, they are all downing -- down quite a bit. the slump that happened in the u.s. is seeping into asia. there's quite a few reasons for that. one of it bein

mexico as the leading buyer of american liquefied natural gas. 70% in 2017.lmost , as it demand for lng away from burning coal and oil. there are projects in alaska, louisiana and texas. malaysia dropping plans to balance the budget by the end of the decade. the focus is on income inequality and attempts to rein in debt. the government wants average gdp by 2020. of 4.5% they say cost-cutting could hurt the economy. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. >> let's get a sense of where markets are. tokyo just went into its lunch break. mfx, flat across currencies. have a look at the aussie dollar, up 0.6%. week on week, down, fourth straight week of losses. not as bad as last week, is still on the way for loss, unless we get a miracle the next few hours. let's look at the chinese market. opened much lower. recovered since then. we have not erased all of the losses. shanghai deposit below 2500. a lot of volume coming through on the shanghai composite. does

milliliters so that will give us a problem with flooding if it happens so yet more wet weather for lng at the moment you see the bright blue blobs there but as we head into saturday the eastern part actually begins to dry up and the clouds there begin to break up instead it's the south where we going to see some severe weather also extending into the northern parts of morocco to. the with sponsored by qatar race. i have almost my entire professional life to the region and for you to get screwed over. we need also to show you the lawyer. and this award bridges the gap that exists in this. nominate your own version of your own child the light on what they do and do it not shine a light on your hero with your nomination for the international base or war two thousand and eighteen for more information go to isa war dot com. welcome back you're watching al-jazeera i'm peter dobbie these are the headlines here on the news the u.s. president has for the first time publicly acknowledged the saudi journalist jamal khashoggi is likely to be dead he hasn't been seen since entering the saudi consul

is looking at investments in lng projects in alaska, louisiana, and texas.rgetsairing and dropping plans to balance the budget by the end of the decade as it focuses on income equality. the prime minister says cost-cutting could hurt the economy. has capped a 10th straight year of household wealth growth and is set to remain the world's leading hub for rich people. north america led global gains for rise in household wealth. low rates and tax cuts have all contributed. global news 24 hours a day on air and on tictoc on twitter. this is bloomberg. leading fed officials continue to weigh in on whether the hike -- whether they should hike more or to pause. trump said his biggest threat is the fed itself because it is rating -- writing hates -- hiking rates too fast. >> it depends what camp you are in. we had to fed officials come out. quarles is in the raise camp. jim bullard is in the pause camp. let's listen to mr. corals first. >> i think we will be able to follow a gradually increasing path without actually moving into stricter territory. what the practical

since her story aired, her spirit has causedooemale lng at people's ability rather than disability. >> so a young betweenrm a deed vision. >> she sees the world in a way we should all see the world. >> she explas her master pieces. >> what is that? >> oh -- >> we're showing the world those who are differentlybl to do so much if given an opportunity. >> we first saw her in her art class, working on pieces that are ordinary creatures and things like a cat. andinfusing them with an innocent joy. her parents started getting serious request fromriends and strangers a few years back. >> when people started to say, could i buy? could she payment int one for m? >> we're hoping this is a foundation for her independence and really for her future. >> the company is a success and sophia is constantly inspired. each week a new work of art. h stillble about it. >> you've had a lot of success already. >> oh, thank you. >> in a space where city leaders want to p for diversity, they are celebrating hispanic heritage. she is getting her own temporary exhibit sho casing the talented of this young art he

she understands, she has heard from other europeans that the trump administration wants to sell lng,atural gas to europe. i think, not a question of choosing between this russian north stream pipeline and american gas, what i think she is saying she would like to buy both from the united states and germany. i think she hopes that this will may be reduced the criticism she has been getting from washington on this issue. david: ok. many thanks. really appreciate you being here. that is former u.s. ambassador to germany, richard burt. coming up, he has covered markets for 30 years and now he is with bloomberg could we turn to our colleague john authors for his take on what the markets are anticipating from the midterm elections two weeks from today. live from new york, this is bloomberg. ♪ david: this is "balance of power." i'm david westin. john authers and spent nearly 30 years of the financial times, and now he is bloomberg's senior editor for markets appeared we welcome him now. great to have you. i want to talk about the midterm spirit you came out with a noted that covered a lot o

the last piece is that shell is the world's largest lng player they have 20% market share in lng.r. we think that prices for lng continue to increase over the next few years shell is a company trading at a low valuation. they have a lot of free cash flow they're buying back shares they have a big dividend they have a lot of other good things going as well >> we got to go, but two others on your list china mobile and dutch electricity. >> i think they have 85% of the chinese marble market. so i think china smoebl a safe one. electricity de france is an interesting investment so the power price is about 50 the last time it was 50 edf which is the nuclear generator in france, they generate about 70% of the power in the country. the last time the power price was at this level, edf was current price. there is a possibility the stock goes to 25 to 30 >> ben kirby, we will maybe revisit this in a couple months. appreciate it. thank you. >> thank you >>> when we come back, german chancellor angela merkel will be talking about her future why investors need to pay attention to this story. w

bloomberg lurd lng canada, comprised of shell, mitsubishi, petrochina, and korea gas, is to make a finalision as early as today. petrochina and korea gas announced approvals of this share of the investment on friday. the other partners declined to comment. i unanimously improve lantus but the company into two units. they the restructuring, managed the automotive supplies and plant construction businesses. materials will run steel and metal operations. the ceo will join us in a few minutes time. that is your bloomberg business flash. manus, nejra. nejra: juliette saly in singapore, thank you. tesla has been forced to find an independent chairman to replace elon musk in regards to fraud charges about making the company private. they will have to add two new independent directors to oversee the tweaking and other medications about -- tweeting and other communications. musk asking you whether would reach a settlement. we got the answer to that. is this going to satisfy shareholders, seeing as he was still have an operational role? guest: yes, i think it will. one shareholder proposed a motio

today, germany is chancellor angela merkel has announced her country will purchase massive amounts of lng. great news for your state. [cheering] i told all of the european nations it is not fail -- there all of the horrible trade and balances. they are not taking advantage anymore. under republican leadership, america is winning again. america is a respected again because we are putting america first. [cheering] we are putting america first. it hasn't happened in decades. ourselvesing care of for a change. [cheering] thank you. i like that guy. radical democrats want to turn and the clock and rule corrupt power hungry globalists. you know what a globalists is, right? a person who wants the globe to do well, frankly, not caring about our country so much. we cannot have that. old-fashioned, a nationalist. we're not supposed to use that word. i am a nationalist, ok. i am a nationalist. [cheering] nationalist. use the word. [chanting usa] they reported yesterday that donald trump is unpopular with the nation, one of the most unpopular presidents in the history of polling. i said, of course i

just today germany's chancellor angela merkel announced her country will purchase massive amounts of lng, which is great news for your state. >> [cheers and applause]. >> i told all of the european nations it's not fair. we have all of these horrible trade imbalances. they take such advantage. they are not taking advantage any more. under republican leadership, america is winning again, america is respected again because we are putting america first! >> [cheers and applause]. >> we are putting america first. it hasn't happened in a lot of decades. we are putting them first. we are taking care of ourselves for a change, folks. >> [cheers and applause]. >> thank you. >> i like that guy. but not that much. [laughing]. not that much. but radical democrats want to turn back the clock and restore the rule of corrupt, power-hungry globalist. a globalist is a person that wants the globe to do well, frankly, not caring about our country so much. you know what? we can't have that. they have a word, it's t became old-fashioned. it's called a nationalist. i say really? we are not supposed to use tha

faced a potential shortage and many things of particularly natural gas and we are building lng import terminals and we are gearing up for gas with other countries and other source, but thanks to innovation, there's been an energy awakening and america has solidified its role at the energy system and has emerged as an energy exporting super power especially in the natural gas sector. from energy scarcity to energy abundance, this amazing turnaround means a new day for the global energy economy. this boom has improved economic fortunes for countless americans and the gas industry alone has created hundreds of thousands of jobs and brought prosperity to north dakota, ohio, pennsylvania and all across the united states. the wealth and opportunity that this awakening has brought to the u.s. has benefited us oversea, as well. the transformation of the u.s. energy sector is a model for economic diplomacy and it shows how other nations can have greater prosperity and greater energy security and by extension greater national security. an ample supply of affordable, market-driven energy is esse

more: and china will need lng. is this a big move for canada?da is like, please give me out of this back. this is just huge deal for canada. they need to get it out in this is a huge win for them. what also leads me to the capex world, sara, how much do you feel can be put to work at the where is the pent-up capital? you look at energy prices overall, they have been moving upward and we don't the that is a big issue because gas prices are not spiking. it is not hurting consumers pocket books. they can now spend more and energy prices are moving a big as growth is strong. we think the energy stories right positive. low-cost, very well-positioned companies. we think those are unique and can perform well in a higher in ireland. david: and the final subject, tech. google just replaced their ad exec. their chief advertising executive is going to have a big shakeup at google. -- they havevery been very successful by all accounts. where are you on techie generally? generated marker returns for a number of years and we think that is coming to an end. th

market is global lng rapidly moving.xpectation is the where the difference will be in demand and supply. your thoughts on that and how --ckly to your earlier point how quickly can capacity come online and alleviate? some say it is already too late. i think our production numbers will continue to speak for themselves. our administration is currently focused on is infrastructure development. we have to get the product to market. the basin in particular in texas has been constrained. supports has been one of the larger challenges. we are aggressively adjusting that. we are moving it to the west coast of the u.s. so that we can better service this incredible demand in asia. that will be one of our highest priorities. yvonne: we appreciate your time. that was the energy deputy secretary joining us from tokyo. here on how markets are trading at the moment. heading lower here. pretty much following most of the trend that we are seeing in asia with the exception of china, doing is something. just modestly down. dollar-yen not do

didhis moment the market not pay enough attention to market fundamentals because just the new edition of lnggas importing from russia next year. supplies increments of will provide more opportunities for china's natural gas distributors. so that is the positive side of the story. at this moment, fairly ignored by market investors. companies, with the oil prices we are not 100% sure. the one thing we can safely say is the gas story and china continues. i think china will meet its 10% guest target by 2020. whether it is 10% growth, 15%, whatever, it is a better topline story with some of these names than debating whether the oil price may or may not go. david: is there anything that can be done to perhaps address the shortage that is about to come? scott: i think china is already doing a good job in trying to contract more gas. the reason we having higher prices this partly because chinese are buying. david: thank you for being here. head of regional oil and gas energy reporter. up, we getming reaction to all that animal. ♪ al. ♪ paul: it is 10:29 in hong kong. this is first word headlines. th

oil prices don't seem to be contributing that much comes to oil as well as lng imports.tty interesting that exports fell and contracted instead of rising, especially when we saw the weaker yen and the experts were there that exports would rise. about thatking appreciation of the japanese yen back in the 1980's and 1990's contributing to the economy there getting hurt. what are your forecast for the japanese yen and also the u.s. dollar? yen, weor the japanese don't like the long yen against the u.s. dollar. theike to swiss franc and yen. apparently with the u.s. midterm coming up and the global equity we see more downside for the u.s. versus yen. you can get a roundup of the stories you need to know to get your day going in today's edition of daybreak. mobileso available on and you can customize your settings so you only get the news on the industries and assets that you care about. this is bloomberg. ♪ haidi: this is "bloomberg daybreak: asia." shery: let's get a quick check of the latest business flash headlines. united jumped the most since july, hoping pay the rally

alix: we do not have a lng contract. it will take a while to get to pot futures. a permian contract. jason: i did not know how you would bring oil in. alix: i got you. jason: so talented. anyone who is listened to a podcast hears an ad for betterment. what is it? app that will manage your money for you. it tries to replace the normal duties of a financial advisor with software. this kind of thing has been going on for a long time and is becoming more popular. this was the company that started the craze. they are a small company still. start up in new york, raised a couple hundred million dollars. every giant financial institution is doing this same thing. jason: they are known as a robo advisor. that was at first a derogatory term. they used jiu-jitsu. yes we are. now everyone is trying to get in. alix: you think they would be fees.idelity 0% but they are not. i thought that was interesting. max: the big announcement in august, fidelity is offering mutual funds with no fees. that is a response to betterment. it is a competitive thing. you have this company beating

lng seems to be a place to move some money right now, we had a nice run down to the 50 yard line on short-term players and others that i think a rotation is something that hasn't had its day yet like natural gas, and maybe time for something like that now. when you take a look at the next six months, for you, when you have to talk to clients, what is the biggest risk that you see? if the market underappreciated how much of an impact at trade war can have on the u.s. economy. everyone knows what china emerging-market there is still too little appreciation of what it can do to the u.s. -- seemaphen shaw shah, we are doing a technicals because i love them and also on it is appropriate to look at the technical damage that's been done to the commodity markets. david: you don't have much to talk about today. tell you how even many times i've gone to this run down. there 17 stories that is relevant alix: the 24-hour programming of commodities. david: the ecb account came out that we were protecting would come out and basically they say the risks broadly were balanced though they saw some deflation an

market i don't want to down play that at all but they only represent about 4% of the entire amount of lngxports. so it is relatively small. this year that amounts to about 9 bcf. so it is a pretty small number relative-wise. but even with the tariff on there, it is still probably the best deal i have >> very interesting. well, thank you so much for joining us, mr. hamm appreciate it. we'll have to leave it there today. >> thank you, good to be with you. >>> the fourth quarter is usually a good one for airline stocks, but is a rise in oil prices a threat to that rally? phil lebeau is joining us from chicago. >> it has been a rough day for the airline stocks they paired some of the lots, but if you look at some of the major airline stock obs, ths, t lower in part because of the concerns. people are boarding flights, they are paying on average for a domestic ticket right now about $217 but that is likely to rise as jet fuel prices move higher. there is a strong correlation between jet fuel prices moving higher and airfares moving guyer as you see with that blue line, that is the airfares mov

. >> after a year of lng to trumsay, "this is all a witch hunt, this is all fake news, nothing is real, there was no collusion," here is mueller's answer. "oh, really? look at this. look what we have." >> when we confront foreign i interferenamerican elections, it's important for us to avoid thiing politically as republicans or democrats, and instead to think patrioticallyca as ame. >> rosenstein, i'm quite sure, enjoyed going out there with an affirmation of justice department independence, to be able to announce these indictments about something that trump says is a witch hu. he's been trashing this investigation for over a year. what a statement of d.o.j. independence. >> well, well, you've been listening to the deputy attorney general with a news conference timed literay as the u.s. president and his wife were walking into windsor castle for tea. i was a dramatic scene. and for president trump, yet again, the cloud, as he call it, hangs over his entire presidency.es that he t really understand where it's going, or what's coming next, and if it's coming for him. >> with tensions bet

then you have the likes of canada, where you had the positive news, lng canada.ut all that together and the narrative has turned a lot more positive. i don't think in isolation that these currencies are benefiting from crude. it is in the places they are in line with existing narrative. james: i worry about canada. i worry canada has increased its deficit to the global financial crisis. housing prices are elevated. canada is absolutely in the crosshairs. elsa: we do disagree. it is in the crosshairs relative , but certainly compared to other highly indebted countries out there canada actually has a much better structure of debt, longer maturity, and less sensitivity of consumers. james: i think in the next crisis canada and australia are the big bets. it will go horrible for them. elsa: i think canada relative to sweden, norway will be the outperform or. -- outperformer. francine: six months or one year? james: when the global credit of the quiddity crisis -- and liquidity crisis reemerges, which is certainly will. next few years, then economies that are relative

when you think about the european market, the american lng that's going in there now, the geo politicsto be relying upon russian gas singularly. the world is really reliant on american energy but we're also obviously relying upon other countries. you've got problems in venezuela. you've got problems in angola. the sanctions on iran are out there. so the market is -- it's critical that we keep the supply up and that's the reason that infrastructure is so important in the united states oilfields. the limiting factor in the permian basin, which is the third largest oilfield in the world -- maria: woul wow. >> -- is pipeline capacity. maria: what do we need to do in terms of infrastructure, to build up this pipeline, that one and others? >> the president is focused on this. he understands that you've got to get this to market and pipelines are one of the key issues there. when you talk about infrastructure, it's not just pipelines. when you think about midland odessa in west texas, it's about hospitals and schools and roads and being able to have places for people to live literally. that's

disappointment to come away from this confrontation with nothing more than a short-term deal to buy some more lngegotiate than a deal just to buy -- temporarily buy a few more products you're just kicking the can down the road >> does the round table view the midterms as a pivotal moment are you involved with different races in races anywhere >> we don't do politics in that way, but it's a very important moment because it will dictate for the next two years the direction of the congress. we had very important success in this past congress with the adoption especially of tax reform which has been huge >> which people don't know whether they like it or not in general. in terms of polls. >> yeah. voters, maybe. but i can tell you from the standpoint of business round table companies who employ a lot of those voters -- >> it's either deregulation or tax -- something somewhere along the line moved us into a higher gear i think. can i say that >> absolutely. >> is that a stretch i got to ask andrew. >> it's not a stretch at all >> that's what i mean. you can't really take it away if all you do is win t

what this country ought to do is move all of our trucks, diesels and buses to natural gas, lng.hat would do three things. there was a lot more independent gas producers than there are oil producers. that would put money in their pockets. it would clean up the atmosphere because natural gas is 80% cleaner than gas. we would not have to import oil orm venezuela or iraq anywhere. get it out of the middle east and quit wasting our money. host: this is from bill king who says that the president does not cut off all aid and stop the sale of military equipment to saudi arabia, congress needs to do it. we will go next to robert joining us from misery. fromom misery -- missouri. caller: we have had some great presidents who actually got this country unbelievably great. why i do not understand is is president we have now destroying our image all over the planet. [inaudible] host: thanks for the call. this is a full-page ad in the washington post. on tuesday, october 2 at 1:14 p.m., washington post columnist jamal khashoggi enter the consulate of saudi arabia in istanbul -- entered the con

they're investing significantly in the arctic, including the russian lng project and the region was officially incorporated into their one belt, one road initiative. additionally, china is a growing presence in the antarctic with five bases, with one ship under construction and plans announced for another, china's influence in the high latitude regions is only increasing. the coast guard builds trust and prevents conflicts among countries with interest in the polar regions through diplomacy, cooperation, formal and informal. through mechanisms such as the arctic council, the arctic coast guard forum, the north pacific coast guard forum, the international maritime organization, and bilateral relationships. however, diplomacy and cooperation are empty without the right maritime domain awareness. this means presence, and presence in the arctic equates to influence. our nation currently has two operational ice breakers. one heavy, one medium. and that heavy, the polar star, is more than 40 years old. with only one heavy operational polar ice breaker, we're quickly -- not quickly, we are well behin