c.h. robinson where he's worked since 1999. c.h. robinson has a unique perspective on the state of infrastructure in the united states through its work connecting shippers with carriers in the trucking, rail, air and ocean transportation industries. welcome. >> chairman fisher, ranking members peters, thank you for the opportunity to testify. as one of the nation's largest third-party logistics, we have a unique view of how commerce flow. in 2016 i addressed this committee as you considered the impact of the internet of things on supply chains. today i'll provide insight into issues that keep supply chain executives up at night as well as their thoughts on funding meticulousisms. they see the world through a different lens. their focus is to provide cost effective supply chain. primary concerns for our customers are consistency of service and cost. they want to keep the inventory lean and as close as possible to their customers. today's supply chains are challenged every day by weather, truck supply, increased congestion on highways,

c.h. robinson. oil surge, this is one of the blits here, natl oil well. it is taking that stock down but the other big names like halliburton is not doing much. a lot of people believe it is a company specific event you heard stories of russian trolls being back and we are seeing some of the cyber security stocks like semantics to the upside. overall good numbers but not any volume down here with the vix down you would think volume is picking up not really >> back to you >> thank you, bob pisani william dudley is stepping aside, today he sat down with our own steve liesman with the details. >> melissa, thank you. the market is still up 20%, out going new fed president dudley says he's not concerned of current valuations chlts. >> if you look at the stock market and expect for it to grow the next few years the volatility is back to a more normal regime. what was unusual was a low volatility that we saw in 2015 or 2016 or 2017. we are back to a reasonable level of volatility. >> on rates, dudley says, 3% hike is reasonable he says it could be around 3%. the