an here on cnbc our boss, the chairman and ceo of comcast, brian roberts, a day after "the new york timesld-be merger or takeover of time warner cable. we'll talk to brian how he's trying to sell that deal. that's coming up later on. the driverless car, phil lebeau will talk with lutz and others about what that might mean for traffic around the country. back to you. >> everyone is talking about it over there. carl, good to see you. looking good out there. tieless in california. check back in with you. the dow in the red, s&p 500 also lower, but we're still holding near record highs. let's talk about it with adam parker with morgan stanley. you're optimistic. you say the markets are headed higher even though we counted 12th record high of 2014 yeah. our base case we grind higher, end the year at our price target of 2014. we see earnings improving and think the fed remains, so that's a good backdrop for equities. >> explain why the 10-year yield this morning hit the lowest level since last july? >> well, you know, our interest rate manager covers the 10-year, his view is that, you know, the

brian roberts will be joining "squawk on the street" street.aking new york state number two in the nation >>> coming up still, hedge fund chris pucillo on turning profits. stay tuned. "squawk box" will be right back. that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ my mom works at ge. you need to see this. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful. gotta admit one thing... ...can't beat the view. ♪ introducing the world's first curved ultra high definition television from samsung. >>> welcome back to "squawk box." we do earnings reports out. michael cors earning 78 cents a share, 10 cents above what they were expecting. the current fiscal year, same store sales jumped 26% in the quarter compared to a year ago. >> that stock up 4.5%. it was not upbet for dsw, it earned 6 cen

are they just chasing brian roberts?mcast deal influences everything that is going on in the space right now. you do get the sense of this transaction, at least for at&t, that this is a deal that is born of necessity, rather than opportunity. there've have looked at all the possible options, they looked at buying vodafone, it is reasonable to think they have looked at buying dish network, and it seems like strategy by process of elimination rather process of figuring out what assets you need in order to compete. makes isy point craig effectively that at&t on its heels needs to do something. >> we love the deal. i think craig is asking the right questions. --g, do you think the top the comcast time warner deal goes through? >> i think it probably goes through, but is certainly has another complication, as is the ongoing net neutrality debate. as we did is grown up into a much more complicated and as ittious issue again did in 2010. that will affect the comcast deal as well. >> i think the irony is that if it doesn't go th

have you gotten a response to your letter to brian roberts yet? >> not yet, they just got it.been going on how they are -- and touting how they are buying time warner cable and that will extend net neutrality to a greater number of consumers. but, that is because they are required to by the conditions put on their acquisition of nbc universal in 2010. that runs out in 2018. they refused to say what they're going to do after 2018. >> let me play that. >> go ahead. >> i want to play a good portion of that. i just saw it today. here are seven seconds of that ad. >> how do you make life online better for more people? start by extending net neutrality protection to more americans. >> your reaction? >> ok. they served by buying the second-largest cable provider and they are the first-largest. you start by buying the third largest internet broadband provider. you are the first largest internet broadband provider. live up to the conditions that were imposed upon you by the fcc. the moment those conditions stop applying to you, you do anything you want. that is kind of really not entir

. >> what is brian roberts best outcome given the threat of title ii? >> status quo.ix would probably agree it is a freezing of the status quo. on, iry time you come learn something. >> we have got to have chris on more often. >> there are so many wrinkles in this. >> 1932? i remember that. [laughter] that was brilliant, folks, look for this interview out on bloomberg tv plus and bloomberg video here with chris marangi. >> chris marangi on title ii and consolidation in the industry. >> maybe brian roberts is watching. maybe not. bad news for more college students and grads. not only do they have the most debt ever, they also have a harder time paying it off as well. it is our single best chart next on "surveillance." ♪ >> good morning, everyone. "bloomberg surveillance." i am tom keene. let's get right to top headlines. here is adam johnson. writes russia and china have signed a natural gas deal, 10 years in the making. an agreement was made of russian president vladimir putin visits china. the deal is valued at $400 billion and connects the biggest producer of natura

brian roberts is giving lot of money to the obama administration. most people think that is one thing, bait. maybe you guys no better than me, seems to a lot of overlap, comcast and twc, from what i understand, not a lot of overlap in terms of customers they serve. there is a degree of overlap between directv and at&t which could pose a legitimate antitrust concern. adam: tracy? >> do you worry about the nfl sunday ticket thing falling through? that could be a big deal and out for at&t and using it as their out for walking away from the deal? right now it says in the contract, if directv doesn't get approval for the sunday ticket at&t will walk. adam: do you think it is good for consumers. >> i don't think this is good for consumers. let me continue negative vain. h.l. menken says when he smells flowers he looks for a funeral procession. they have a 10 billion-dollar dividend payment. this covers that nicely. >> do you think it will get approved. >> i think ultimately it will get approved under the bob rubin, sandy weill -- adam: i will plug the plu

talking -- listen, once you allow comcast to basically merge with time warner, which you know, brian roberts, who i kind of like, given so much money to the obama administration i can't imagine they will say no to this thing. once you establish that as bottom line, then it is open season. what we've been reporting on fox business is game over here. there will be a lot of merger activity. melissa: out of nowhere jonas max ferris appeared on the set. that was like magic! where did you come from? >> poof. melissa: poof! do you need to catch your breath for a second or try to comment on at&t and directv? >> i don't understand why they're buying a company that will not help deliver higher and higher speed internet and directv has no way to deliver that they're great for tv. the minute i can get 50, 100 megabit per second tv that will be end of it. melissa: take another deep breath. >> these companies can not just thrive envoys or video. you need to do both. you need a way to combine both. interesting to see what dish can do. they will look someone to partner up. >> talked about it. mobile. meliss

we asked about brian roberts saying netflix wants to move costs away from its own business motel.ponse. >> comcast seems would love to be the post office and, you know, have a national monopoly and collect on everything. that's not the way the internet works. the way internet works free connectivity between these difference sources. third of the internet is customers using netflix so maybe we should get a third of the comcast revenue. if they want to give us a third of the revenue we'll pay a third of the cost because the revenue is so much larger than the cost. they want to charge the consumers 70, 80 bucks a month and charge the providers on our side and that's what we're trying to stop. >> interesting conversation. especially the dynamic between him and roberts. he says they are friends but a huge disagreement over a very large transaction. >> they have a partnership. they recently made a partnership to help the streaming be higher quality for netflix for comcast subscribers. what was interesting he said, i asked him what plan b was if they can't improve those net neutrality co

. >> that's our boss brian roberts earlier this morning with reed hastings with netflix. >>> meanwhilempany has at the pipeline here at the code conference. google glass, content lensesnd self-driving car prototype. it brings us to this morning "squawk on the tweet." google x has eight projects it's currently working on. what might be some of others they are cooking up. eric writes, biometric base payments. i have no idea how that would work. i think google x might be working on real-time parking availability in new york city that will be incorporated into google maps. career guidance. google will match you with careers and based on that. i would say they have made the lion's share of the headlines. >> i think people are excited by that and biometric based payments would be a slip at check out. >> their thing, the realtime speech translation is going to be ready by the end of the year, people. come on. >> it is a little more immediate. but it is another testament to the code conference that all these big very large cap tech companies save some of their best announcements for this parti

that is the only thing i can imagine would drive brian roberts to walk away.at onerous. but that is the fear given how much noise there is in the system describing net neutrality. >> we'll add another name to our platinum portfolio. co-founder hum erwinbald. >> welcome back. we're continuing "squawk box" platinum portfolio series. co-founder on the hummer. her fund has more than a million dollars. good to see you this morning. >> good morning. >> give us your picks in the software space. >> my picks are google, amazon and sales force. >> they all pretty much operate in the backyard, though. why would they emerge as top picks at this point? >> my backyard is a pretty big backyard here in san francisco. i look at the same qualities as i look for in private investing. the size of the markets ahead. the agility of the company. all three meet those criteria. >> give us the background on sales force. two of your investments are partners with sales force. what insight does that give you? how exactly is that company run something what sort of things does it have in th

that is what brian roberts, the comcast ceo, told the senate judiciary committee in comcast's --e -- make a merger megamerger with nbc universal. mr. roberts was right. they compete in a number of ways . they can be to carry local and regional sports teams and they compete for advertising dollars. mr. chairman, to help illustrate how sports programming would be i would askmerger, unanimous consent to submit for the record and article i former bush administration official rat lightman. -- brad lightman. it explains the impact of the merger and is highly relevant. >> without objection, all the witnesses and introduced any extraneous materials or records. >> thank you. as for cable advertisers, they will have less choices if this merger goes through, including smaller local advertisers in your districts who may get shut out entirely. have a says people multitude of choices for how they get broadband. you have heard that here today. at an investment conference in 2011, mr. roberts said that comcast had only one broadband competitor. he was talking about fires, -- in 15% of is only comcas

that is what brian roberts, the comcast ceo, told the senate judiciary committee in comcast's megamerger with nbc universal. mr. roberts was right. they compete in a number of ways. they can be to carry local and regional sports teams and they compete for advertising dollars. mr. chairman, to help illustrate how sports programming would be abused post merger, i would ask unanimous consent to submit for the record and article i former bush administration official brad lightman. it explains the impact of the merger and is highly relevant. >> without objection, all the witnesses and introduced any extraneous materials or records. >> thank you. as for cable advertisers, they will have less choices if this merger goes through, including smaller local advertisers in your districts who may get shut out entirely. comcast says people have a multitude of choices for how they get broadband. you have heard that here today. at an investment conference in 2011, mr. roberts said that comcast had only one broadband competitor. he was talking about fios, which is only in 15% of comcast territories. this

milan brian roberts myself sports i live my clock after the news for a half-hour of all your sports newsts a high the its and what one in with a man of cupboards recalls the steal of the entire nfl draft l 4 09 all that coming up this sunday night at 9 right after the news. >> : washington redskins ought consent of the senate urged to change the team's and calling it a racial slur. french was released a letter written by the team with the aim is essential for native americans because it honors were odyssey. there is growing pressure to change the name with president imam lawmakers of both parties and sell rights groups all supporting a change. >> : all can't come up such as heating up at a cup coffee lawsuit against oakland in and out of the tills also i look outside the golden gate bridge camera in the seed is far than this one in warsaw dry is suspected. >> : starting was breaking news at a santa barbara this morning here pictures from the scene or seven people are dead 7 are wounded. tories call and drive-by shooting near university of california santa barbara were told the suspect ha

speakers include comcast ceo and chair brian roberts, who also speaks on a proposed merger between his company and time warner. as is about 20 minutes. -- this is about 20 minutes. onthank you for joining me this panel, a very timely one. it looks like we have a good size audience. let us address the elephant in the room right off the bat. brian, matt was telling me his broadband speeds at home last week dropped by about half, so i do not know. but seriously -- comcast is in the midst of attempting a his toric merger with time warner cable. , tom,arter communications a month ago, did not mince words describing how bad you thought the deal was for consumers. said, from the regulatory perspective, it is difficult to imagine a transaction that could concentrate the industry more than the proposed comcast merger. this is not you specifically, but a filing from charter, 20 out the concentration of 33 islion tv subscribers, which going to be less because of the spinoff. this aat entirely make good deal in your eyes? >> i think it is a good deal for the industry. i think it is a good deal for

that is what brian roberts, the comcast ceo, told the senate judiciary committee in comcast's last megamerger with nbc universal and mr. roberts was right. the two companies compete in a number of ways. they compete to carry local and regional sports teams and they compete for advertising dollars. mr. chairman, to help illustrate how sports programming in particular would be abused post merger i would ask unanimous consent to submit for the record an article by former bush administration official brad blakeman. the article explains in detail the impact of the merger on sports and sports fans and is highly relevant here. >> without objection, all the witnesses can introduce the extraneous material and records and end of the record. >> as for cable advertisers, if this merger goes through there are less choices including smaller, local advertisers in your district omega shutout entirely. they have a multitude of choices for how they get broadband. you have heard that today. at an investment conference in 2011, mr. roberts said that comcast had only one broadband competitor. he was talking about

ceo taking off his shirt to show wearable tech and a discussion on how slow the internet is and brian robertsaying no, broadband is something to be proud of, we heard about the state of the industry and the wrap-up of what microsoft's plans are. we are john chen of blackberry talking about his plans for -- >> what are you doing in new jersey? need to be out there. >> i'm out of breath. all our readers have been in. it already gotten over 100,000 all told. it's the hot of the hot list today. >> wow. is it the google driverless car that's dominating the conversation because it feels that way? >> this morning it was, but that sort of faded off once the intel guy took off his clothes to show wearable tech. i'll tell you, the internet audience is fickle. throw something shiny on them, they will follow it. >> yeah. well, i hope not too many people take a page out of that book now. thanks, allen. >> sure thing. >> good to see you. keep the shirt on. >>> what's more important for you, saving for retirement or spending money on things like entertainment and vacations? right now if you're living in the

it points at a bigger issue which brian roberts talks about all the time, in this new world we live in, you want to have a national footprint. if you want to buy the sunday ticket, you can't be a local cable operator. you have to have all the pieces. even at&t suffers from this. they are in certain municipalities. if you have directv then you have the national foot print, you can build out your broadband in certain places. it gives them flexibility and puts them on a comparable footing with comcast in a post-time warner era. the dominos are falling quickly. >> it's the age old argument, whenever you put big companies together, it doesn't necessarily mean it's anti-competitive if they have a bigger footprint and are allowed to do more in terms of synergies and costs. i would argue in opposition to your argument that at&t mobile would have -- what we wanted is to have everybody have all the spectrum and to build it out to rural areas and do all that. we decided not to allow at&t to buy t-mobile for competitive reasons when in fact it would have been good overall for the country overall.

i'm brian seltzer, and robin roberts is here talking openly with me about some things she hasn't talked about before. i think her candor will surprise you. let's begin with this week's pr disaster as the most powerful newspaper in this country, the "new york times." there are new developments and i'll get to that in a second. the times newspaper is in a real turmoil after the firing of top editor jill abramson. people there are stunned. she is the first woman ever to run the time newsroom. she is a role model for women and some men, and as soon as she enrolled, her allies claimed unfair pay systems at the time. the other narrative is coming from the times publisher. he and his allies say she was a bad manager. solsberger said he would give no details, but then he had no choice. he listed his problems with her. look at this. arbitrary decision making. a failure to consult and bring colleagues with her. inadequate communication, and the public mistreatment of colleagues. pretty strong stuff. now, i worked at the times for six years. that means i worked for abramson and the editor who came

i'm brian seltzer, and robin roberts is here talking openly with me about some things she hasn't talkedsurprise you. let's begin with this week's pr disaster as the most powerful newspaper in this country, the "new york times." there are new developments and i'll get to that in a second. the times newspaper is in a real turmoil after the firing of top editor jill abramson. people there are stunned. she is the

. >> brian, i want to get your opinion on robert lefkowitz he said a few weeks ago, when you're puttingainst faith, facts can't argue against faith. it makes skens now that science would have made no headway because faith is untestable. do you agree with that? there's so much conversation about faith versus science. >> by definition faith is something you believe in. you don't look for evidence to bolster that belief. faith is an act of internal giving yourself over to a collection of ideas. that's not what science is about. the two realms can co-exist perfect lily well. if you want to understand how the universe, not why it's here or its purpose. that for many people they do find answers in faith or religion. but if you want to understand how, how the atoms work and come together to build molecules and come together to build the planet and stars and understand where the universe came from, that's the domain of science. >> you have to get him to calm down when he talks about this. >> sorry. it is in some ways, a very emotional topic. it goes to the core of who we are. i would be remiss

the day trying to track down the landlord robert shelton calling several numbers and visiting several locations. >> this is a po box. >> mr. shelton, it's brian webb with kpix 5. we just wanted to talk to you about the rent situation here at your building on fillmore. >> reporter: mr. shelton's address comes back to this building in nob hill right across the street from the cathedral, one of the highest priced properties in the city. >> the landlord cannot just go and harass tenants like this. >> reporter: tommy mecca with the housing rights committee of san francisco tells me landlords can make outrageous requirements for new tenants but not the old ones. that, he says, is illegal. >> so what does he do? he issues an eviction notice? ain't going to go anywhere. >> i lived here all my life. >> reporter: this tenant of 23 years says it's simple: a landlord is pressuring poor residents to leave the homes they love all in the name of profit. >> i think it's a campaign of harassment. >> reporter: so late today we are learning of another twist. an anonymous tipster reported to a blog that the landlord had changed his mind rescinded the letter and

trying to track down the landlord robert shelton calling several numbers and visiting several locations. [ knock knock ] >> this is a po box. >> mr. shelton, it's brian webb with kpix 5. we just wanted to talk to you about the rent situation here at your building on fillmore. >> reporter: mr. shelton's address comes back to this building in nob hill, right across the street from the cathedral, one of the highest priced properties in the city. >> the landlord cannot just go and harass tenants like this. >> reporter: tommy mecca with the housing rights committee of san francisco says landlords can make outrageous requirements for new tenants but not the old ones. that, he says, is illegal. >> so he issues an eviction notice? ain't going anywhere. >> i lived here all my life. >> reporter: this tenant of 23 years says it's simple: a landlord is pressuring the poorer residents to leave the homes they love all in the name of profit. >> i think it's a campaign of harassment. >> reporter: brian webb, kpix 5. >> public outrage apparently worked. a website posted a note saying the landlord sent it to all the tenants, after reflection and guidance, i hereby res

robert frost, ceo tells us why he thinks investors need to be more selective. brian bat bell the in pits of the cme. start with you, battling in the pits. stocks, just talk in general how they feel? did they feel a little high to you? >> that's the thing going on. we have tension between momentum and fed policy and fed liquidity, juicing the markets all the time. now we're rotating to fundamental. economic data is coming out mixed. we get back and forth swing the we have gains, we have losses because we're starting to rotate back into more fundamental analysis. certainly in the absence of news, there is plenty of bad news around, in absence of news the thing seems to grind higher or stay steady. cheryl: tom, we got fairly negative news out of chinese manufacturing sector this morning and europe as well has been a little rough, even ukraine aside, the economic data from europe was rough but u.s. manufacturing kind of brought the markets back today. is that something we can hang our hats on past today? >> absolutely. i think it is risk off right now. a lot of money is

robert frank. for more on today's market action f-fun trader brian kelly.ioned this in your note this morning saying you're worried about target, about retail, about the consumer and s&p more broadly. so then what's -- why today are we still so strong here? why didn't the market care about the fed minutes? why didn't it care about any of that and we just keep powering forward? >> the market keeps powering forward. i think a lot of it certainly has to do with -- you just had larry mcdonald on this hunt for yield so you certainly see some of the names that have big yields doing well. you haven't seen the s&p, the broader market adjust yet. i happen to be in the camp that i think we are going to see that adjustment. not necessarily saying we're going, to you know, fall into the abyss or we're going into recession. seems is to me that the s&p price earnings ratio hasn't adjusted to the slower growth that we're seeing. >> do you agree, stef? >> well, i think -- no, actually not. i actually think -- >> that's what makes a market. >> i think what today is all abou

roberts is here. we'll be right back. [ cheers and applause ] >> dicky: the "jimmy kimmel live" concert series is presented by at&t. mobilizing your world. [ brianit's about getting to the finish line. in life, it's how you get there that matters most. it's important to know the difference. like when i found out i had a blood clot in my leg. my doctor said that it could travel to my lungs and become an even bigger problem. and that i had to take action. so he talked to me about xarelto®. [ male announcer ] xarelto® is the first oral prescription blood thinner proven to treat and help prevent dvt and pe that doesn't require regular blood monitoring or changes to your diet. [ brian ] for a prior dvt i took warfarin, which required routine blood testing and dietary restrictions. not this time. ♪ while i was taking xarelto®, i still had to stop racing, but i didn't have to deal with that blood monitoring routine. ♪ you made great time. i found another way. [ male announcer ] don't stop taking xarelto®, rivaroxaban, unless your doctor tells you to. while taking xarelto®, you may bruise more easily and it may take longer for bleeding to stop. xarelto®

robert harris is serving a ten-year sentence for forging prescription narcotics. he landed in cell house 220 a year ago after several staff assaults. >> hey, everybody knows you're special, brian all there is to do in here is listen to other people banging on stuff. you know, officers constantly running in on them, and cussing. just a lot of crazy stuff, you know. i call it bugs. always somebody bugging out, always somebody causing trouble in the cell house. it's hard. it's really hard. they got me on a lot of medication. >> inmates in cell house 220 get an hour of recreation in the morning and a ten-minute shower several times a week. >> one of the worst things in this cell house is the compound day-to-day events, typical stress incidences that add up. and some of the things you're subject to, stabbings, hangings, self-mutilation, those type of things and the actual assault itself. i don't think there's an officer in this unit that has not been assaulted. >> correctional officer robert helmick was recently assaulted. >> one of the assaults i encountered, opened the flask, had an offender standing there with a homemade weapon. we call them shanks in here. asked him to pass his

offices, cnbc contributor jon najarian and dominic chu and robert frank out at headquarters and with more on today's action "fast money" trader brian bull market marches on here heading into june. >> it certainly does. it doesn't seem like there's much that can stop it which, you know, the trader in me wants to take the other side of it, but it just does not pay at all. the market keeps marching higher. the economic news was fairly good, chicago pmi much better than expected and michigan confidence still good. not a lot of reason for it to sell off. >> i've got to say, the years earlier when i was down there on the floor of the exchange tough to hear, people talking. >> a lot of excitement today. >> need that today, jon najarian, this rebalancing going on. traders still going at it over here. that's moved the market even higher. >> the sell in may crowd, bill, this is where they really tested their mettle, because if you sold in may, being scared out of the market and going to cash. by may 7 the dow jones was down around 16,400. just a week later it was 16,700, so if you can ignore a 300-point rally and not jump back in at that poi

robert, let's start with you because last week, we were actually kind of bashing barbie, but with that in mind, you like mattel. how come? >> you know, i do, brian. i think barbie and mattel and american girl and the whole franchise they have over there, you know, has really gotten beaten up quite a bit. the stock's down about 20%. but when you look at the forward earnings on the stock, it's trading at about 13 versus 15 points. the dividend yield as we're talking about the ten-year treasury going back below 2.7% is about 4% right now. so you're paid to wait on the stock. and i think the valuations on the company gives you some time to kind of ride it out. it's a stock we'd be buying on this pullback. >> robert, the fact that we started off by asking you about an individual stock really begs the question whether we've moved into a period where you can no longer just move your positions based on a benchmark. you really have to knuckle down into individual being sos because we're at record highs. and i'm not sure whether there's any more easy money to be made over the next five or so years unless you go for the individual stocks. is that an approa

roberts. you think we've heard everything, but i was surprised to hear her talk about that. >> i can't wait until this interview. i've never heard her talk so introspectively before. also, briann "reliable sources" with the whole "new york times" thing, a huge week in the media. you cannot mention brian stelter's show "reliable sources" sunday at 11:00 a.m. eastern time. >> good to have you with us, brian. >> thank you. >> a california city wants to make bullying a crime. there are some, though, that are arguing that what they're doing is going just too far. >> carson will be one of the first cities in the country to criminalize bullying. they want to make it a misdemeanor. it will cover anyone bullied or bullying from age 5 to 25. the mayor of carson, just outside of l.a., said many kids committed suicide because of taunting and physical threats. he says there needs to be a solution. >> this ordinance is designed to protect the victims of bullying. it it also protects the bullies themselves in the sense that we now have adults who will be intervening in their lives to find out why they're doing the bullying. they naturally have to understand there are consequences. >> you ca

brian, when you say those are great tricepts, that helps. >> it's interesting we put robert deniro into yourself, then maria. >> we're talking to you. yes, we're talking to you. >> good morning, everybody. i want to show weather conditions across parts of the gulf coast. we'll be seeing some issues in southeastern louisiana and southern parts of mississippi. we are going to be dealing with areas of rain over the next several days and unfortunately out there, we could be seeing localized flooding at some of these storms could produce more than four or six inches of rain just into this weekend. there is the potential for severe weather over the next several days, including today from texas to indiana, then tomorrow to kick off the weekend on saturday. they could be looking at some strong storms. by sunday a more widespread risk yet again, from texas up into illinois. out west across the rockies, we have a trough that's setting up. that is going to produce areas of snow. heavy at times along the higher elevations. we're going to see that snow come down all wait down to the valley floor.

robert nelson chief engineer of the bureau of the federal communications commission, pj is an adjunct professor of air and space law at the university of mississippi school of law and brian is a technical advisor for the secure world foundation. you see the witness panel and it looks like the vice chair man i guess of alabama talking so hopefully this hearing will get underway. they are in the final passage vote on the floor of the house we expect members of the committee to make their way over very shortly in our life coverage will continue on c-span2. [inaudible conversations] [inaudible conversations] the subcommittee on space will come to order. good morning. welcome to today's hearing titled space traffic management how to prevent a real-life gravity. in front of you the packets contain the written testimony biography of. before i begin my opening statement but they say the topic we are discussing is one that i know is of a great interest to the chairman steve palazzo and he woulhe would've the year leae discussion today if it hadn't been pulled away by the death of a close friend this week. i also understand he will be including a statement for the record and i wou