environment public works committee and house transportation and infrastructure committee chairman bill shuster. because of precious time into busy scheduleandbusy schedules e the first speaker. senator tom carper is the ranking member of the public works committee, for to take a former congressman from delaware. he was elected the 78th governor. thank you for joining us today. [applause] do we have any veterans here? stand up and received applause. [applause] spend 23 years in southeast asia "-begin-double-quote you and different parts of the speech i enjoyed but delete the -- we love the secretary of education. [applause] [inaudible] one of the things he reminded us of the remains of the fallen heroes come through dover air force base and we treat them and their families with great dignity. remember the chance to remain enabled seals -- navy seals. one of my favorite things about the senate is the state of the union and it'union and it's note the speeches. whoever wrote one for the president last night didn't write on the one from the inauguration. [laughter] people have different expectation

and house transportation and infrastructure committee chairman bill shuster. this is 35 minutes. >> let's introduce your first speaker. tom carper, who is the ranking member of the senate environment and public works committee. senator carper is a former five-term congressman from delaware. before joining the senate in 2001, senator carper was elected to delaware's 78th governor. thank you so much for joining us today. [applause] >> do we have any veterans here? if you are a veteran, stand up and receive our applause. i am a retired navy captain from ohio state. spent 23 years in southeast asia, 18 as a conformation commander until the end of world war ii. there were different parts of the president's speech i appreciated. where is secretary coleman? would you stand up and take a bow. we have the secretary of transportation here. [applause] >> one of the things was the sacrifice of the service men and women the remains of fallen heroes come through the air force base and we treat them and the families who receive the remains with great dignity. that was one of

tom carper, the ranking member of the environment and public works committee and representative bill shuster, chair of the house transportation and infrastructure committee talked about the challenges facing the u.s. infrastructure system at the association of american highway and transportation. from washington d.c. this is about 30 minutes. >>> all right. because of precious time and a busy schedules i'm going to introduce our first speaker. senator tom carper is the ranking member of the public works committee. a former five-term congressman from delaware. before joining the senate in 2001 he was elected delaware's 78th governor. senator, thank you so much for joining us today. [ applause ] >> do we have any veterans here? if you're a veteran stand up and receive our applause, please. veterans on your feet. [ applause ] . . >> i'm a retired navy captain, midshipman from ohio state. spent 23 years in southeast asia. as a p-3 commander up to the end of world war ii. in different parts of the president's speech i appreciated. in delaware we have dover. where is the secretary? would you stand

tom carper, the ranking member of the environment and public works committee and representative bill shuster, chair of the house transportation and infrastructure committee talked about the challenges facing the u.s. infrastructure system at the association of american highway and transportation. from washington d.c. this is about 30 minutes. >>> all right. because of precious time and a busy schedules i'm going to introduce our first speaker. senator tom carper is the ranking member of the public

i will note that bill shuster, republican from pennsylvania, has advocated funds from lowering the corporatee, those funds should be repatriated in the united states, that that may be utilized to help fund the $1 trillion engine mark proposal number that we are hearing coming from this white house. we will check back with you later in the day. mark: the battle of the charts, we are going to look at the impact on earnings versus the u.s. yield curve. here's a snapshot of snap -- i've used it to times. 49% up. we -- this is the highs of the $25.35, just above $25 on the first day of trade. the ipo price was $17. we are keeping and i on snap. this is bloomberg. ♪ mark: time for our global battle of the charts, where we take a look at some of the most telling charts of the day. you can access these charts on the bloomberg by running the function featured at the bottom of your screen. taking things off today, kevin kelly. kevin: unfortunately, it's not a running price of snap's ipo. i'm looking at s&p expiration theuction companies and potential for profitability moving forward. i've got oil stoc

this morning, i interviewed the chairman of the house transportation committee representative bill shusterhim about how realistic it was for them to carry out the administration wanting to have a $1 trillion infrastructure proposal. i asked him when exactly that timeline would put in? -- fit in? >> the sooner the better, but we have obamacare first and then they have to figure out where the dollars will come from with tax reform. in the summer, early fall. hopefully we will get it done this year. >> the chairman saying this could come with infrastructure as well as the fall. think that isides a bullish assessment to say the least. mark: kevin, thanks a lot. bloomberg's chief washington correspondent. the country's newest commerce secretary joining bloomberg daybreak: americas today. he talked about trade, currencies, and the border. .> studying it very carefully as we can to understand more of the intricate details of it and how interacts with everything else, that is when we will take a position. >> you suggested quite correctly that speaker ryan has for this forward as a way as a princip

i put this question to the for structure committee chairman bill shuster.g to pay for $1 trillion infrastructure package? he said he will rely on public and private partnerships. he also said that this potential for tax reform by lowering the corporate tax rate, some money could be repatriated and funneled to infrastructure. david: friday is jobs they. the president tweeting this --ning that the expectations u.s. private sector job creation surging nearly 300,000 credo last month. much more than expected. i anticipate will hear more for the president about jobs as the week goes on. kevin: they feel their policies have led them to job reports and also to a strong stock market. democrats are ready pouncing, saying what is your first legislative accomplishment? first and foremost, give them want to pass anything through congress they need to get the health care. end of the day this will only last so long. david: kevin cirilli joining us from the white house. a quick programming note. francine lacqua has an exclusive interview with j.p. morgan chase ceo jamie d

want to thank him for bill.a co-sponsor of my i should start, however, by thanking our chairman, bill shuster, and ranking member peter defazio who have moved this bill so quickly. the bill is called fairness for breast-feeding mothers act of 2017. you see, this is a real motherhood bill. r. defazio, mr. johnson, barbara comstock have all joined me as co-sponsors. h.r. 1174 requires locations that are either federally owned or leased to provide designated private and hygienic lactation space for nursing mothers. and as i will indicate, no new space in buildings or expenditures are contemplated. last congress i offered this bill as an amendment to the public buildings reform and savings act of 2016 and i was leased to have it passed the house. space for lack tating women is -- lactatting women is already required for federal employees. we are not talking about a new kind of benefit and certainly there is no new money. the reason that this is not new is because federal employees space have lactating under the affordable care act. so i have to ask my good friends on the other side, as ou try to

we need to get on with passing the bill that is now in congress. shuster'sill which would in effect establish a nonprofit corporation to manage inflight operations. >> you're saying that is having a direct impact on the airline business. if it passes, what kind of a boost do you anticipate you'll see? >> unfortunately you're not going to see an instantaneously. if that bill passed, and we got a nonprofit corporation set up in 2017, you would see an immediate impact in 2018 as operations became more efficient. that greater efficiency would compound itself in the years beyond 2018. >> i have a question about this big data. a decade or more we didn't have the data that we had now or the ability to react as quickly. having the right plans in the right places. people focus on days like today when things don't go as expected. over all, has there been a real productivity increase based on the quality of weather data we have now, and the ability to sort of move assets around more quickly because of technology? >> i think there is no question that there has been, one

shuster hasve bill a plan involving lowering the corporate tax rate.n correspondent, thank you so much. still ahead, augmented reality. oliver: will it be the next big thing for apple? that is next. this is bloomberg. ♪ slowing iphone sales and pressure mounting. for more, let's head over to caroland kerry mansell -- massar and cory johnson. this is bloomberg radio. our guest is a technology analyst at ups. we are talking about apple. you talk about the importance of apple in terms of growth going forward. it's going to be may be due to augmented reality. what is your case? all,r case is at first of the ceo tim cook is talking about augmented reality. apple is famously secretive and really doesn't talk about coming products. but he has suggested that augmented reality will be important to the company, more important than virtual reality could be as important as the iphone. the same time, he cautions there's a lot of discoveries he made and it's not necessarily independent product but perhaps a component. our cases we see augmented reality perhaps start

there is a proposal in the house byrepresentatives led representative bill shuster from pennsylvania wants to utilize the funds from rate -- the repatriated funds from lowering the corporate tax rate as a mechanism to pay for infrastructure spending. thought youstly were talking about mar-a-lago. here is the situation in the markets. futures are a little bit softer this morning. the dow jones industrial is heading for the the next straight week of gains. morning, stronger this up one third of 1%. you are watching bloomberg. ♪ ♪ city, this isyork bloomberg. here to check the markets for you quickly. yesterday the biggest pop of the year was followed by the biggest drop since january this morning. futures softer on the s&p 500, down 1/10 of 1%. the dax in frankfurt germany down by 1/10 of 1%. the bond market, it really theresting week for front-end come with a two-year, popping up at 132. it has meant a stronger dollar story through the week to read the rate differentials collide with a more optimistic view of what happens in the french elections. macron gains in the polls. of persia o

kevin: last week, i interviewed the house transportation committee chairman bill shuster and what hethat there is still not a definitive mechanism for how they are going to pay for the $1 trillion infrastructure spending plan that president trump and the administration have called for. all of that said, there are a couple of different ways they could do it. they have tried to take a more piecemeal approach, especially on infrastructure. they want to couple it with corporate tax reform. they feel they could repatriate some of the money coming back into the united states in different infrastructure plans. another story that will not drive as much media attention, the house will be taking a look at driverless cars, driverless trucks. that could garner some attention from infrastructure watchers. david: that repatriation would be more or less a one-off deal. another $1 trillion is being kicked around as the border taxstment tax to pay for credits. will they have to commit, the white house, to the border adjustment tax to get the tax reform they are after? kevin: it is the big question in