of commerce in quite awhile. her nomination comes at an important time during the nation's economic recovery. while we have the lowest levels of unemployment in four years, that's find, but still too many people are out of work in my state and senator thunes, and all our states, and budget cuts in march create a new drag on the economy. our nominee understands these challenges, she's a businesswoman. she follows the world about her very closely. in fact, your decades of experience in the private sector, in my judgment, investing and managing numerous companies have given you the skills to manage a large department, and that's what you will get, a very large department, by forkated in many sections, not all communicating with each other in need of good, tough leadership. you come from the business community, and you understand their needs, but your long track record as a civic leaders serves you well in the position should you be confirm. as many already know, and has been said, you served on the president's counc

in agriculture and in commerce. two programs and with the same goals, but two different sets of personnel and rules dealing with the pots of money in both places. i would love to work with you is that -- is you identified how we can back away a little bit. >> i look forward to working with you on that. >> the other thing i want to mention to you is i have discovered there was an idea a while ago about creating a federal work force called senior executive service. and senior executive service was created ostensibly to develop a great talent in the federal government to compete with the private sector. the idea is these would be highly qualified employees with a broad background and knowledge, that they would move around the government basically with a lot of excellence helping us to do a better job performing the services we must. i do not think that has actually come to pass. i think that most of the senior executive service in the federal government is not moving much. i think many of them are burrowed in in agenci

this is clearly interstate commerce. i am prepared to go to the ranking member and ask their opinion. i'll tell us clearly. forrester products are covered on this the way this has been worded and that is not necessarily jurisdiction of our committee. that's also the jurisdiction of natural resources. for those of us interested in states rights, let's think about this for a minute. if we adopt the gentleman from ohio is opinion and amendment, another state outside of your jurisdiction, your home state can basically decide to lowball you to all sorts of hybrid practices that can harm your community economically from a public lies and you have no recourse. this is the reason her great forefathers set up the constitution so these practices could not continue. there would not be internal warfare amongst the states have different practices, different regulations regarding interstate commerce. it's very clear with god to raise ability to regulate the boundaries. the courts have consistently stated as long as the regulation with

at chicago's incubator for e- commerce startups, called 1871, entrepreneurs had this reaction. "bing's probably got a lot less info on you, so it's trying to turn a negative into an advantage." still, privacy in e-commerce is an issue that provokes strong opinions "privacy is super, super important. nothing goes on our system that isn't authorized on a one-to-one basis." it's not the first time microsoft has led a campaign warning consumers of being "scroogled," as microsoft calls it. and it offers a survey saying an overwhelming percent of americans are unaware and dissapprove of apps sharing

in agriculture and in commerce.programs and with the same goals, but two different sets of snow and rules dealing with the pots of money in both places. i would love to work with you is how we is you identified can back away a little bit. >> i look forward to working with you on that. >> the other thing i want to mention to you is i have discovered there was an idea a while ago about creating a federal work force called senior executive service. and senior executive service was created ostensibly to develop a great talent in the federal government to compete with the private sector. the idea is these would be highly qualified employees with a broad background and knowledge, that they would move around the government basically with a lot of excellence helping us to do a better job performing the services we must. i do not think that has actually come to pass. i think that most of the senior executive service in the federal government is not moving much. i think many of them are burrowed in in agencies. it has come to

, in that same category competing with people with google maps or whatever it may be to generate commerce. >> ted nailed it. it sounded like a salacious comment. it wasn't meant to be. the comment was we're not focused on being at the current billings we're at today. we're trying to figure out how to get to ten times that size or 20 times that size. which is the thing you you want a high-growth company focused on. it is a huge opportunity. at the end of the day we sit at the intersection of mobile and local which as ted mentioned it probably one of the greatest places you can be. if you get that right -- and i think we have the chance to become the first e-commerce company of this scale that's predominantly mobile. when people's daily transactions are out moving out and about -- >> as a ceo, do you want a technology ceo like marissa myer who will come up with great technology innovations or are you trying to do sales deals at the local level and therefore you need somebody who's good at

resident obama's nominee for commerce secretary testified thursday before the senate commerce committee. she is a longtime political ally and fundraiser for the president. she is chairman of the trans union credit barrel, heir to a hotel fortune and a member of the presidents economic recovery advisory board. the ranking republican on the committee expects her to be confirmed when the senate returns from the memorial day recess. the hearing is just over two hours. > good morning. this hearing will come to order. because we are confronted i too incredibly important and busy senators facing us, it would never occur to senator thune and i to do what we ought to do, which is give our statements first and make you wait. so what we are going to do, if it is alright with you, is ask each of you to give your statements and then we will give our statements and then we will give it to ms. pritzker. >> thank you for allowing us to come here today to introduce the nominee the president has offered to this committee and the congress for the important position of secretary of commerce. i know you are

we are here to bring you the ideas of the maritime commerce advisory committee and this is the port's committee which the members include representatives of car /tkpwo*e shipping users, cargo ware housing, harbor services and other maritime cargo and industrial users. i want to say overall i'll /-pl really pleased with the progress that has been made on this design to incorporate and the inclusion in the operation design for deep draft birth. just one further point on that, i do -- /twoubl helpful to see -- i think jennifer and team are going to be making a presentation to the maritime committee on thursday to show the committee this design. the box is checked, but we /sr-pblt seen the dimensions. there needs to be more work on how the maritime use and the operations of the birthing of the [inaudible] will be incorporated into the design so we'll be interest eded in seeing that -- some more detail work on that. so secondarily we were pleased to hear mention of a ferry birth because this is just in the last few months, the maritime commerce committee has said what can we do to support

the president has proposed to do away with commerce department. and combine the commerce department with small business administration, ustr and other agencies that have various intersections with business in this country. proposing to do away with part of the federal government is difficult. and i would ask you do you have some idea how your service in this job could help move that goal forward in terms of identifying some strong bipartisan arguments that can be made and one of the problems is we have a lot of committees that deal with the various agencies. if you have given that any thought. if you see based on your business background when sometimes stream lineing, and selling, and merging are essential because so you a discipline 77 a bottom line. unfortunately we don't have a buttonline displin in washington. i wonder if you have any ideas about that. >> senator, i appreciate your inquiring. i support the president's desire for reorganization authority. i know, his objective is try and make the government more streamline and more effective th

i was born and raised if = - today, i'm representing my chamber of commerce. you heard from any ceo earlier today we want to give the support to the projected plan to build. i am the hispanic border president which includes the central american chamber of commerce and i'm the executive director. i want to stress although i'm not medication can but the museum is very important and it's time they make a presence in one of the most is importance. in the name of over 3 hundred members of the chamber of commerce of san francisco i'd like to stress the support to the project as listed. thank you very much >> thank you. coming up i'll call some more names (calling names) >> good morning commissioners i'm michael i'm with the union here in san francisco. you know, i want to commend millennium on the trimming of this project in order to reduce the shadow impacts. and just to speak brief i began working here with the marriott going up and a have worked almost every project with the four seasons where our shop was in the first power plant where the jewish museum fans now

the chamber of commerce represents over 15 local business in san francisco. i don't think people understand that most of the businesses we represent are small businesses. with we care very much about the parking issues of businesses. the outreach has to be rofbl and comprehensive. especially, when you're talking about small neighborhood and merchants, you know, policies that expand parking he meters across the city. small businesses and merchants concerns have to be taken into account they have to inform the plan and adjustments need to be made accordingly and we've heard considerable input today that, you know, everybody has their own need and some neighborhoods you need parking meter to help you get turnover so, you know, you can have a flow of clients into our business so this can't be one plan that gets imposed on every neighborhood. the plan has to adopt to the neighborhood and to the commercial district and to the needs of merchants. if turnover is the goal then turnover has to serve the purpose of the businesses and merchant so the chamber is ready to

so, a tip of the hat to the commerce staff, the energy and commerce staff, particularly staff on the oversight investigation subcommittee. i think they've done an excellent job in bringing this information to the congress in a very usable form. again, i encourage people to look on the energy and commerce website because this is information that can directly affect you, your family, your business, your children and literally your health care for the next three deakeds. -- decades. i wish this thing had never happened. we're going to have a repeal vote later this week and i welcome the chance to do that. this is the unfinished business of this congress, to undo this dreadful law that has been visited upon the land. but in the meantime, we also need to make people aware of how this law is going to affect their lives. it's going to be in a big way. if you like what you had, you can keep it, not so much. if you like your doctor, you can keep your doctor, not so much. obamacare, you're going to pay a lot more to get a lot less. thank you and i yield back. mr. murphy: will the gentleman yie

who would be against commerce? we just said we are living in a world that has been overly come modified. where everything has been turned into a commodity value. people do not have the identities. we are world full of brands and no identity. you can read your entire life -- you can do your business and go about in the world using your credit card and never really look anyone in the eye. a world in which things have been comodified, things that should never have been. you cannot put a price on love. you cannot put a price on things that make life meaningful. but this isn't a consumer culture. even though we know we cannot keep it up. if the chinese adopt our lifestyle, we are all goners, we know that. it is not the third world anymore, it is the developing world. well, they are developing and they want things, too. the 21st century will be about competing for resources. there are not enough in a consuming world when there is no limit of appetite. it is a philosophic position. it would be interesting for people to li

members of chamber of commerce. one of them with local radio stations is always trying to think of things to do. two of the nano of an enduring fight in southern california. two men tried to stay aloft to break a world record. a couple of things that i know that. we could do that. ray smucker said we could show the whole world unite has good flying weather every day. the return of the flight dementia, they would get to military interesting repack to you the air force. that's had the idea was born. one of the men in the car was an ex-navy pilot said that's a good idea. you find an airplane and we will fire. or a script the owner of the agency here and he didn't feel he could take the time away from the business. they were trying to think of another pilot and i thought of bob would pass any new would be very well that was my brother. so for that reason he became one of the two pilots. it was fun to them -- as long to them by partners of the tripoli company. this new, took out the back seats in the right-hand seat and

committee, and i have raisedded these questions for the commerce committee.y, very good job of digging into things like this. i expect them to do it and to be a shame if they didn't do it, and if they don't do it, there won't be a form up -- forum that i can do other than one-on-one with the candidate, and i can do that and give speeches on the floor of the senate to raise the issues. we raise the issues against secretary lew, and there was not enough to stop his going forward, but we at least had a lot of votes against it, and i think we made a good case of the hi pockties involved. >> come on the program any time you like, senator, pleasure to have you with us, thank you, sir. >> thank you. >> big brother getting bigger, and the bawl administration has sights on the internet records. all rise, the judge is next. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible en

we have emphasized trade and commerce during this visit.e have made a thorough analysis and analyzed trade flows and how our economies complement each other. there is potential if we truly want to become more protective and more competitive in the north american region, that is what we need to do first to compete with others in the world. here are the highlights and specifically the agreements made to grade a high level dialogue of a bilateral forum to expand to academic exchanges and work toward science and innovation in both countries. also, we will have a binational dialogue to foster -- there are mechanisms that will help us predict further the economic and trade relations to mexico has with the united states. i must insist, let me say this clearly -- in security, the channels will be very clear. we will use one single channel in order to attain better results and we have reached a very good understanding with the u.s. government. they know why we are emphasizing this strategy. president obama has expressed his respect to the strategy t

ashley: still to come, potential problems for president obama's commerce secretary nominee. her family, oh, yeah, offshore tax trusts. we're live in washington next. tracy: you can't make this up. investing in tech. find out where you can get the best bang for your buck in that sector. because the rest of the market has totally lagged. first as we do every day this time. day, let's look how oil is trading. moving slightly up. $96.05 a barrel. we'll be right back this is america. we don't let frequt heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero hetbur and don't get heartburn in the first place! for sein a whole new way. for seeing what cash is coming in and going out... so you can understand every angle of your cash flow- last week, this month, and even next year. for seeing your business's cash flow like never before, introducing cash flow insight powered by pnc cfo.

meanwhile, it's expected the senate will soon confirm penny pritzker as secretary of commerce. the heiress to the hyatt hotel chain testified in a senate hearing this week, where she told lawmakers her business experience will help her make the commerce deparment more efficient. "i think the first thing that's required is to put in place good leadership throughout the organization that shares the same approach, then work with that leadership to be able to identify ways that the commerce department, if i'm confirmed, can be as effective, but more efficient." when asked about her role at superior bank, which went under in 2001, pritzker told lawmakers she regretted the failure of the bank. lawmakers are expected to confirm the nomination next month. in moore, oklahoma, the cleanup process is hitting snag. a new system of thunderstorms hampered crews thursday. parts of the town were destroyed by a deadly tornado monday. early estimates show the twister caused $2 billion in damage. clean-up crews have converged on the oklahoma town as people in the disaster relief business are brac

she has been tapped to run the commerce department and economics adviser is nominated to be u.s. representative. nbc's kristin welker is in mexico city covering the president's trip there. and we know, of course, they want to talk about trade. i

so we do -- i think most businesses it's almost for those that deal in any kind of commerce having an on site -- an online to be be able to exchange money is something that most businesses have. while we as government may not be able to say these are the best types of means of business able to take payments and how do handle that, that's kind of where we might defer to there are classes at the sba that provide that kind of information, but we can't do that kind of advisement but to point them in the direction for them to get that information to figure it out. >> thank you. >> any other questions? comments? >> i had a comment. i really commend you working with the elected officialos the state level to overcome particular problems with the government id and the permitting process so i encourage that in anything that we could do because although we're not overtly political we do in our individual capacities have access to our elected officials at the state level and federal level so thank you. >> and i will definitely keep that in mind. >> any other? okay. great. before we head on to the

president obama's pick for commerce secretary. chicagoan penny pritzker begins the confirmation process this morning. pritzker is appearing before the senate's commerce, science and transportation committee. illinois u-s senators dick durbin and mark kirk delivered statements on her behalf. durbin praised her business, entrepreneurial, and civic experience. he also believes she'll be able to boost job growth. my vision is the commerce department will continue to use >> to anticipate what america needs to be, innovative in the 21st century. >> she used to be a member of the chicago board of education. more than 14-hundred delegates from boy scouts of america are voting at a national meeting in texas today- on whether to lift its ban on gay youth membership. the proposal would allow openly gay youths into the boy scouts, but not openly gay adult leaders. gay rights advocates presented a petition with nearly two-million signatures supporting an end to the ban. but a recent boy scouts online survey showed overwhelming support for main

also, remember that in the united states, slavery was the biggest commerce afoot, talking about 1815 and forward. it was one of the them described well, and it was rgnp here, slavery was huge commerce, and the worse thing washington could imagine, washington as a governing city, capital, could imagine was actually supporting anybody who used, who liberated slaves and was using them to fight a revolution. this was just the maximum, and it was very -- the reputation began to get worse and worse in the united states because every sort of slander, i think, used against boliva including the fact people were dying in the revolution. it was a very bloody revolution, and it didn't speak well of the whole enterprise. thank you. [applause] .. >> next on book tv, laurie edwards reports on the over 133 million americans who live with a chronic illness which constitutes about three-quarters of all health care dollars. the author examines the obstacles that the chronically ill face, including the limits of medicine, skepticism about many illnesses, and criticism that many have diseases that could

it has been part of the port since its inception that is how we ate, and how we did commerce and how we paid for the fish we ate with gold but nonetheless we subsifted on fish and the agriculture that was born around the bay and san francisco to feed the miners who were farmers and to create a new economy for san francisco and haven't we brilliantly and completely made new economies and so many knew that we have to name the latest new economy of the economy of invention and creativity and isn't that what we were doing in the gold rush and so it was stunning to be here with all of you who have made this possible. in 1900, the community worked with us to move up here in this area of a water front, and more of a lagoon area where we could congregate better and save the area where fisherman's wharf had been for the commerce that was needed to sustain our city. as the most of the logistics changed and as the needs changed as a community it was fisherman's wharf that helped us to envision what could be the future. in almost 50 years ago, the discussions began, how to enlifen our water fron

the senate will have to confirm that combination before she takes over with commerce.mily investments and accounts, attempted to limit income exposed to federal taxes. in a statement senator chuck grassley says this is the second nominee in a row that is associated with the kind of tax avoidance activity the president dismisses as fatcat for others. the white house has failed specifically to address the accounts. your time times records told the paper in 2008 the offshore trusts were established when she was a child and managed beyond her control. the white house says what most accomplishment highly respected women in business today with more than 25 years of experience in real estate hospitality senior living financial services and other industries. penny notes the case to invest and grow a business and will be a strong advocate for policies to help grow the economy and create jobs. if it is successful there, it is then up to the full senate. back to you. dagen: rich edson in washington. connell: youtube tribute charging all of us for premium channels. dagen: one auto

the maryland chamber of commerce is they typical maryland chamber of commerce. they are absolutely 100% chamber of commerce and they said this. mr. perez proved himself to be a pragmatic public official who was willing to bring different sources together. the maryland chamber had the opportunity to work with perez on an array of issues of importance to employers in the business community in maryland. from unemployment to housing foreclosure crisis, regulation of financial institutions, worker safety and professional licensing. despite the differences of opinion mr. perez was always willing to allow all parties to be heard. the do we found him to be fair and collaborative. we at the chamber believe that our experience with him in maryland would bode well for the nation. i hope we move the nomination forward. >> thank you senator mikulski. further debate? >> mr. chairman? i can count so i know the outcome of this election but i feel compelled to just note from my colleagues that when mr. perezwasfor his nfmaon hearing, i probed a series of questions that dealt wit

you could not do commerce. you were prevented as a colony of spain from doing any many manufacturing at all to you were prevented from owning a mind. you were prevented from any kind of commerce whatsoever. and it was punishable by execution. so you see, the whole business, you can imagine, being together a revolution in a place that is so isolated of its colonial power, ma was a very difficult thing. and this is what bolivar came up against. and it wasn't automatic that countries would liberate them even though they wanted to be liberated. it wasn't automatic that the races would all play a part in it. in fact, the races kept shifting. in the beginning, the blacks on him so much of the revolution depended were aligned themselves with the spain because they knew what that meant. they didn't know what the revolution would bring. but feelings that they already knew, the evil that existed in the colonial system, they could deal with that but they didn't know what was coming with these white aristocrats of latin am

here, and they were members of the junior chamber of commerce. and one of them was manager of the local radio station, ray smucker. he was always promoting yuma and trying to think of things to do. they, two of those men, four men in the car, two of them knew of an endurance flight that was going on in southern california. two men were trying to saw aloft in -- stay aloft in an airplane for about a thousand hours, and one of them said i know one of those pilots, we could do that. ray smucker said we could show the whole world that yuma has great flying area every day. every time the flight would be mentioned, they would say yuma, arizona, and get the military interested in reactivating the air base. so that's how the idea was born. well, one of the men in the car was rudy youngward, he was an ex-navy pilot, and he said to ray smucker when that idea came up, oh, ray, that's a good idea. you find an airplane, andhorse and i will fly it -- horace and i will fly it. horace was a manager of a buick agency here, and he didn't feel he could take the tim

she appears headed for confirmation as commerce secretary. family started the hyatt hotel chain and is a close friend of president obama. in 2008, she served as the national finance chair of his presidential campaign. at her confirmation hearing thursday republican senator jon thune of south dakota asked her about her ties to superior bank, a chicago-based bank owned by her family. superior failed after penny pritzker and her family expanded subprime lending. >> there were a number of banks that had claims they lost over $100,000 in savings including one who reportedly deposited her entire account was superior and month before it failed. what you have to say to those who lost significant sums of money because of this venture? >> senator, i regret the failure of senator bank. it was not an outcome or situation that -- i feel very badly about that. >> if confirmed, penny pritzker with a net worth of over $1.5 billion, would be by far the wealthiest member of the current cabinet. and one of the wealthiest, secretaries in history. bloomberg news

they were members of the junior chamber of commerce. one of them was manager of the local radio station. he was always promoting yuma and try to think of things to do. they said two of those men. two of them knew of an endurance fight going on in southern california. two men were trying to stay aloft for about a thousand hours and brick a world-record. a couple of them said, i know one of those pilots. we can do that. we could do that. we can show the whole world that there is good flying weather every day. attract attention to that because every time the flight would be mentioned there was going to be a mention of the town and get the military interested in reactivating the air base. that is how the idea was born. one of the man in the car was an ex navy pilot. he said, oh, that's a good idea. you find an airplane and will flight. well, the manager and owner of the agency. he did not feel that he could take the time away from that business. they tried to think of another pilot. the thought about what house it was also an ex navy pilot.

good commerce secretary. >> absolutely. >> penny pritzker you know her. >> yes.tics. >> smart. >> she is a very wealthy lady. she is worth more than a billion dollars. >> she is a smart, savvy businesswoman. the president wants somebody on his cabinet who can help him find jobs. >> if she had been a little less generous she could be just as smart and savvy and she wouldn't be there. >> in giving money to the president? >> to the democrats. >> there are a lot of people involved in the president's cabinet and on the president's team that didn't raise money. trust me. i know a lot of them. >> see how the confirmation process goes for her. >> terrific lady. >>> coming up we're waiting for the president to start answering questions in a mexican counterpart. we'll have live coverage of the q & a. reporters got several good questions in for the president. also federal officials launched an investigation into what they described as possible human trafficking after two women complained they were treated like slaves at a saudi diplomat's home here in the washington, d.c. a

, chamber of commerce, they cut a deal. to the senate. and now what you see happening is the tech community kind of comes in from out of left field, as far as labor's concerned, and brings in something new and kind of blows up the deal that labor struck with chamber of commerce. so the labor movement is trying to get back into that pull position saying wait a second, we're the ones who struck the agreements with the chamber of commerce, don't blow up the deal. >> david, before we let you go, i don't really like the term "tech community." not to be a hater here. these are corporations, companies, right? they're coming in and have this new group, forward us, which zuckerberg and a bunch of other very wealthy individuals are behind and it's got a lot of rhetoric about immigration reform and what's good for the country, but most of the priorities seem to be pretty much traditional business lobbying. unpack for us where silicon valley fits in. are they different than usual corporate lobbying? >> i think they are in the following

under secretary of commerce held a seminar in hanoi. they got a sense of what the vietnamese need. >> commercial opportunities in the civil nuclear industry here are currently estimated at $10 billion, and they are expected to grow to $50 billion by 2030. >> he said the nuclear industry presents a great chance for vietnamese and americans to work together more closely. the americans tried to allay concerns about nuclear safety. they explained how representatives and the public joined hands to make it safer after the accident in fukushima. vietnamese ordered their first and second plants from russia and japan. >>> people who had to evacuate their houses near the fukushima nuclear plant have been waiting for the day when they can return home. some of them may now have to wait longer. a nhk survey shows that workers have succeeded in cleaning less than 5% of the designated area. even after that work is completed, radiation levels in many places have not fallen to the government's standard. this town lies 30 kilometers south of the plant. w

commerce site. 15% long-term growth rate.more than $50 a share to right now you're getting the rest of the company for free. here is the bottom line. technical analysis can be useful but the charts are at their most helpful when you don't look at them in a vacuum. according to bob lang's interpretation of the charts, ebay could be ready to make a major move higher and that could make sense in light of the strength of the fundamentals, especially in light of ebay's fabulous paypal business. yes, the stock has been stuck for the moment. but in lang's opinion, this is a good stuck, not a bad stuck. more like cape canaveral than the la braya tar pits. and that will be breaking out of the graphtational pull. and i agree with him. stay with cramer. ♪ [ engine revs ] ♪ [ male announcer ] just when you thought you had experienced performance, a new ride comes along and changes everything. ♪ the 2013 lexus gs, with a dynamically tuned suspension and adjustable drive modes. because the ultimate expression of power is control. this is t

at chicago's incubator for e- commerce startups, called 1871, entrepreneurs had this reaction. "bing's probably got a lot less info on you, so it's trying to turn a negative into an advantage." still, privacy in e-commerce is an issue that provokes strong opinions "privacy is super, super important. nothing goes on our system that isn't authorized on a one-to-one basis." it's not the first time microsoft has led a campaign warning consumers of being "scroogled," as microsoft calls it. and it offers a survey saying an overwhelming percent of americans are unaware and dissapprove of apps sharing your personal information. extended car warranties are under scrutiny. the consumer financial protection bureau is investigating add-on offers, such as extended warranties and extra insurance, often used by car dealers to make more money. the justice department is questioning auto dealerships that create their own loans, then charge higher rates to customers with poor credit. critics fear the probes could slow the sale of cars. following the horse meat scandal, officials in china uncovere