the chinese e-commerce giant filed to go public in the united states. the number and price has not been set yet. they have a placeholder but could become bigger than the 16.4 billion dollar facebook ipo nearly two years ago. alibaba had about 83% of the revenue generated through the chinese e-commerce site. the company is very profitable with net income of $2.9 billion. jack ma will have just under nine percent of the company. yahoo! will have a stake of 22.6% and softbank with 34.4%. joining me is cory johnson and our ipo reporter. you have gone through the f1. what stands out to you? >> with standout is the operating profitability of the company. the word of warning for those number crunching, it is a fiscal year that ends in march so we do not have full-year numbers because they did not report the number for the full fiscal year. for 2013, we see operating profitability up 25 cents which is spectacular but the numbers are better than that because of a one-time payment to yahoo!. strip that out there and you are looking at a 35% operating margin aroun

the chineseof public is using online commerce.ion is that it leaves 92% to adopt to alibaba. i wonder if this is not more of a luxury focused brand and that is the real opportunity here. >> they had a hard time penetrating the luxury there. in large part, midmarket and a few higher-end brands on the site that they scored a big win when they got burberry to launch a store front. they do have a proposition for luxury brands. it's important for them to see how they can make inroads for them to expand the portfolio of sellers on the site today. >> crawford, looking ahead, we are hearing that they are not going to go public immediately. it will be a matter of months before we see this. what will you be watching for in the march up to the actual offering? >> we will be putting a lot of data together here in terms of understanding the complexion of the business. being able to continue to show revenue growth and continue to show expansion of free cash flow, cash reserves, any comments about how they want to deploy that cash in the united

the chinese e-commerce giant files for u.s.ling more transactions than amazon and ebay combined. >>> hsbc profits down 20% in the first quarter. weakness in investment banking way. the lender saying it's seeing muted customer activity. >>> investors keep a big eye on washington today. fed chair janet yellen begins two days of hearings on capitol hill on the u.s. economy and monetary policy. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >> a very good morning to you. if you've just joined us state side, welcome to your global trading day here. u.s. equities down, the dow down 129 points, the s&p having its worst day in nearly a month. this morning, above fair value at 27 points. the s&p 3 points above fair value and the nasdaq, 3 points below fair value. small cap stocks like yelp and athena health losing a bit of market cap. facebook shares and other social media stocks also lower. facebook down 4.3%. but lots of excitement over disney's report card as the movie "frozen" pushed them

commerce will not either. ? pinterest >> same thing. when you go on pinterest, you see landscapes and interior design photos, and that cannot awesomely create a good shopping experience -- that cannot possibly create a good shopping experience. >> some of your users are incredibly passionate. give us an example of a use case for wanelo. >> sure. most of our users come in a few times a day and spend over 15 minutes in the mobile app per day, so it is a highly engaging experience. >> you also have big retailers involved now as well. a number of retailers have what you call the wanelo button. >> yes. it wanelo button makes possible for users to easily save products. if you are on safari -- sephora, and you find a product that you like but a not ready to buy, you can click the button, and it .ill save the products if you go to wanelo .com/nordstrom, that will show you how nordstrom is managing their page. they can very actively curate their collection. it is essentially a digital way of merchandising their stores. >

what is noteworthy is they broke out their chinese e-commerce revenues and international e-commerce revenues. forrnationally is accounted 15-20% of overall revenues. it is already big and growing substantially. we think alibaba wants to become more than the dominant chinese e-commerce company. they have aspirations well beyond that as well. >> cory johnson, i want to bring you back in here because if scott was describing this as a 20% share of non-chinese revenue, that is a selling point of imagine for the roadshow. thing is chock-full of selling points for the roadshow. unaddressedut the market so far. things they haven't done yet. that is the hope they're going to try to sell. you would think that i would do anything to look down on this parade of adulation for alibaba, but you wouldn't, but since i'm here. >> go-ahead. >> $5.6 billion in revenue is a lot. it is probably a gross merchandise number. that is smaller than ebay. it was doing $11 billion. we are talking about a proposed valuation greatly in excess of companies of similar business models. i think we are going to struggle with wo

from commerce and commerce is, from them. what would happen if the u.s. ? thel service used to postal service is really at a time of significant change in our business model. i think that is well-documented as male declines single piece we have shifted. in the course of innovation we have to take a look at ourselves and our network, and we have a ubiquitous retail network. how do we use that to generate topline revenue? there are more things we can deliver if you think about the fact we have two hundred 17,000 people out there today driving the streets of the united states, working hard and delivering product or mailers and shippers and then there is a robust network of processing centers and transportation that i think can be further leveraged. i think the future grail is the one we spoke a lot about today is the digital space. there are going to be places where the postal service needs to step forward and have a strong footprint in the digital space and in my pre-information we sent in, we talked about what we're doing with

first elected in 1964, commerce

first dibs is a commerce platform.ore of alibaba and its name popping up alongside other venture capitalists buying stake in other related technology companies in the u.s.. >> will be see out right acquisitions? >> this is an important question. if you think about the strategy so far, buying stakes in companies may be allows you to avoid the headaches that come without right acquisitions, the regulator questions, the government questions, and in the meantime you can learn a lot about different areas. this company is obviously interested in learning about the mobile platforms in the u.s., and why not? at some point you would think that they would think heavily about doing something more significant. trying to winy over u.s. businesses? >> the other thing that stood out for me in the prospectus is not just that they are targeting american and -- american investors, it is american businesses. they have examples of how they can help cherry farmers to sell more cherries or for bakers to buy more accessories to tie to their

chamber of commerce have apparently joined forces to go against a common opponent , the republican party. baker and chamber president tom donahue blaming republicans for not supporting so-called comprehensive immigration reform. legislation that offers both amnesty for illegal immigrants and open borders. speaker boehner who has been wildly divergent in his views on such legislation today blamed members of his own party for resisting his leadership on the issue. he told the san antonio hispanic chamber of commerce that there are some members of my party that just do not want to deal with this. remember he was walking his republican colleagues on this same issue jgo. >> the appetite among my colleagues for doing this is not real good. but here is the attitude. don't make we do this. this is too hard. [laughter] you should hear them. lou: the u.s. chamber of commerce again tells an audience in washington they believe the democratic party is now the party of big business because open borders and amnesty are obviously the most important priorities for multinational corporations. tom donahue

a deeper look into the e-commerce giant's filing, including why it did not break down revenues for twoey businesses. plus, twitter shares have lost more than 20 set -- 20% of their value last week. is it just insiders cashing out for dough or does it say something broader about the future of the company? first, a check of bloomberg top tech headlines. a huge push into open source cloud computing. the company is investing $1 billion over the next two years is open cloud platform. hp is also branding its other clout products and services under the healy on name. microsoft is set to unveil a smaller version of the surface tablet in new york on may 20 according to people with knowledge of the plans who say they will use a qualcomm chip for the very first time. microsoft will also unveil other service models in the event that are powered by an intel chip. to is extending its contract broadcasting via webex in the united states. comcast network will pay the international olympic committee more than $7.6 billion for the rights to every olympic game through 2032, including pay tv, mobile, and

only a small portion of the overall department of commerce budget, the u.s. foreign and commercial service plays a critical role in helping american small business owners export their products to foreign countries. and we know that the world, about 95% of the world's customers live oversales. unfortunately while this year -- overseas. unfortunately while this year's bill does a decent job of funding the department of commerce it failed to fully match the president's requested increase of funds for the u.s. foreign and commercial service. unfortunately that would mean that we will once again continue the trend of underfunding this vital national resource. specifically, and i wanted to note these three points, this amendment helps small businesses who can benefit from overseas consumer activity by helping them learn how to navigate red tape imposed by governments overseas. big companies we know don't necessarily need this help but our small business owners do. and second, it will help them increase export it's, create jobs and boost economic recovery. third, th

mobile commerce.is easier said than done to go to stores and pay without pulling out your wallet there that is why they have in pushing began. here is more on how it works. the process for making macaroons has not changed much since the 18th century. in this sort, there is a high act revolution area >> we are a traditional business. technology .as us eating very competitive >> entered paypal. the company is ready to a group of small businesses to help test its new hands-free payments system. >> we are trying to make payments disappear for people who want them to very >> beacon offers a slew of features for retailers. it can send messages for customers who use the paypal app, but the special offer or sale. you walk in with the hands-free mode and you do not have to take out your wallet. class you walk in the store and focus on what you buy and when you're ready to pay, your name disappears and they just charge your paypal account. has been working with paypal for eight months. >> when a customer -- you

so e-commerce has grown faster in china than the western markets.he alibaba opportunity is tremendous. i think u.s. and western investors recognize that. there are very few ways for western investors to invest in this growth story. alibaba will be the largest, most liquid and arguably safest investment vehicle. >> woodruff: if alibaba turns out to be so successful, how does that affect american tech companies? >> well, i think it will be positive for american tech companies. right now the tech sector over the last several months has experienced a tremendous selloff. twitter is down 50% year to date. high flying tech stocks and internet stocks from 2013 have really been caught in a downdraft. sellers have been getting out of the stocks. a successful alibaba i.p.o. could turn that around in terms of sentiment. >> woodruff: paul sweeny with bloomberg, we thank you. >> you bet. >> wooduff: the writing may be on the wall for something that used to be standard fare in our elementary schools. it turns out that the elegant script of cursive handwriting is b

as a result, as many as 68 million adults are -- are cut off from commerce and commerce is cut off fromm. so it did look at what would happen if the u.s. postal service did as it used to do and as many other nations do today. >> i would just say, not on the financial sector, but in the postal services really at a period of significant change in our business model. i think that's well -- well documented. as mail declines in particular, single piece, first class, we've shifted to do more and more parcel delivery. but in a course of innovation, we have to take a look at ourselves and our network. we have a ubiquitous retail network. how do we use that in many ways to help us generate top line revenue? the last mile we've talked about a lot today. but there are more things we can deliver. if you think about the fact that we have 217,000 people out there today driving the streets of the united states, working hard and delivering product for -- for mailers and shippers. and then there's a robust network of processing centers and transportation that i think can be further leveraged. and then m

it is an e-commerce market that is growing. mobile commerce, mobile payments are growing.investors get excited about the ipo, they're looking at the sum of parts and not as concerned about underlying divisions. just betting on the strength of the brand, the management team, the overall opportunity in china and the rest of the world. >> how much are they concerned with going global? how much do they really want to go global, move beyond china, expand to the united states? >> every company wants to be a global company. they certainly have the resources. china is the world's largest e-commerce market, so the primary focus is in china, but recently they made investments in the u.s. and other parts of the world. part of a long-term plan for alibaba, just like other chinese companies. >> they have made a number of strategic investments and acquisitions around the world and in the united states. how likely are they to succeed in the u.s. market? u.s. companies, on the flipside, have not succeeded in breaking into china. >> we have invested with them in a number of opportunities,

chamber of commerce. should get under way in just a moment. ♪ ♪ >> well, good morning, even. everybody. ♪ ♪ >> music this early this morning. good morning and welcome to infrastructure week 2014. i'm janet, the executive director of transportation and infrastructure here at the u.s. chamber of commerce, and this morning on behalf of the council on competitiveness, the national association of manufacturers, the organization for international investment and the chamber we are pleased to kick off what we hope will become an annual week of spotlighting the nation's public infrastructure that serves as the physical platform for our economy. in the fall of last year, a man challenged two organizations; the chamber and the council, to work together to raise the profile of the nation's infrastructure issues, to recruit new ceos and top-level voices to the cause and to generate more interest among the business community for addressing the challenges we will discuss today and throughout the week. little did i know

this title may be cited as the department of commerce appropriations act 2015. title 2, department of justice, general administration, salaries nd expenses, $103,851,000. the chair: the clerk will suspend. >> madam chair, i have an amendment at the desk. the chair: the clerk will report the amendment. the clerk: amendment offered by ms. moore of wisconsin, page 22, line 6, after the dollar amount insert reduced by $1 million. age 22, line 25, after the first dollar amount insert increased by $1 million. ms. moore: madam chair -- the chair: the gentlewoman -- ms. moore: dispense with the reading. ask unanimous consent to dispense with the reading. the chair: the amendment's been read. the gentlewoman from wisconsin's recognized for five minutes. ms. moore: my amendment adds $1 million to the executive office of administration review, eoir and offset through the department of justice salaries and expenses accounts. i do want to acknowledge the committee for their great work in increasing funding for the eoir for this fiscal year, but even with this increase, madam

we will leave that to the other e-commerce companies.that you buy on etsy are worth waiting for. watch i am wearing now, you will not get it over night but when you get it, it will be incredibly unique and something you cherish forever. pinterest is not quite the commerce but how do you see them? are they competition? are they complementary? see them as complementary, part of the ecosystem. they do a really good job of collecting and inspiring material from around the internet. gedy is the most re-pin domain on pinterest. we are really happy about that. >> what about facebook and twitter which have been trying to do commerce? it will never happen on facebook. what do you think? >> facebook and twitter, i don't see them as e-commerce platforms. of traffic from social platforms like facebook st sowitter and pinteresa it's a way for people to share things in their lives. it's good for us because the thing you buy on etsy are unique and shareable. they are not really e-commerce players but they contribute to the ecosystem that we represent.

they control about 80% of china's e-commerce.ople describe it as a combination of amazon, google, ebay. raise $1ooking to billion. they're expecting alibaba to raise about $20 million. this! is looking at happily, because they own about 23% of alibaba. they will be selling part of their stake in the sale. david, all of my radar is up on this deal. is this the biggest thing since sliced bread? >> i would say caution. >> it is to good to be true. what are you looking at when you look at this red herring? a red herring first? any number is coming out of china, they automatically have to be looked at carefully. that is just a general reality. mostba is one of the impressive tech companies that has ever existed. whatever they might be doing with their numbers or china's government, i do not know. this is a global company that will have a long life as one of the top five internet companies on the planet for the foreseeable future. going public is a major deal for it, the chinese economy, for awareness of the reality of the scale of the

what does the listing mean for the global e-commerce market? that's something we're going to talk about on "gmt" coming up in just under an hour's time. i want to talk about this bloke right here. the big boss. the ceo of the newly created -- we knew he wanted to show he had big ambitions for the company. boy, he certainly did that. according to him the company will see global sales rise by 60% as the company rebrands towards more luxury cars and increases its focus on sales in asia and latin america. the key pillars of his new strategy. this is what they include. to sell nearly 2 million jeeps in four years' time. that more than doubles the 732,000 it sold last year. to invest $4.2 billion in the relaunch, yes, of the alfa romeo grand coming back with eight new models. there's losers. it's going to drop the dodge mini van from the lineup. the company will start to build jeeps in china and brazil. again, we're dpoigoing to focus that story on gmt. can they stick to those targets? german numbers or results from siemens. net income on the quarter

joining today, with the ggra, the chamber of commerce, and the small business association, commission rather, and in our opposition to this ordinance. and out of our concern for the sustainability of our industry, and especially those that operate, and such as my own, and very low profit margin and unable to pass on the costs to our consumers. and in some cases such as my own force to close, due to the high cost of operation. and we have one of the highest costs labor costs in country, and it is about to get a lot harder with the new minimum wage requirements and the hcso aca true ups and we are looking special sense that the east bay and particularly oakland, do and are not laboring under the same kind of costs and are a real shift in the paradigm, and it will be a lot harder to our numbers. thank you very much. >> thank you very much. >> next speaker, please? >> paul, kefner, and i feel like it is ground hog day but here we go again and actually i want to make a practical request, which is while you are attempting to fix this ordinance, to consider the fact that i have a very real s

he told the san antonio hispanic chamber of commerce '' back there are some members of my party that just do not want to deal with this. you will remember he mocked his republican colleagues of the same issue with his home district three weeks ago. >> the appetite of my colleagues for doing this is not real good. this guy is back here with the camera but don't make me do this. [laughter] this is too hard. you should hear them. lou: again telling an audience washington telling the party it is of big business because it is the and open borders are the most important priority for multinational corporations. donahue told republicans to give up baum the white house altogether if they don't pass open border legislation "the if the republicans don't do it then they should not bother to run a candidate in 2016. to the chamber aligning itself with the democrats and u.s. multinationals on the issue of amnesty legislation while the most recent opinion poll says that most americans oppose amnesty and open borders. the most recent fox news poll shows pai-hua 69 / 20% that americans are in favor o

the clerk: a bill making appropriationers in departments of commerce and justice, science, and related agencies for the fiscal year ending september 30, 2015, and for other purposes. the speaker pro tempore: pursuant to the rule, the bill is considered read the first ime. the gentleman from virginia, mr. wolf, and the gentleman from pennsylvania, mr. fattah, each will control 30 minutes. the chair recognizes the gentleman from virginia. mr. wolf: i thank the chair. madam chair, i yield myself such time as i may consume. the chair: the gentleman is recognized. mr. wolf: i'm pleased to begin consideration of h.r. 4660, making appropriations for the fiscal year 2015 for commerce, justice, science and related agencies. the bill has far-reaching impact from the safety of eople in their homes and communities to exploring the farthest reaches of space. the bill before the committee today reflects a delicate balance of needs and requirements. it addresses what i consider responsible bill for f.y. 2015 spending levels for the department and agencies under the subcommittee's jurisdiction. we hav

in the commerce committee, we talk a lot about finding ways to encourage greater broadband deployment across all of america, and as cochair of the congressional internet caucus i've worked with colleagues on both sides of the aisle to find ways to promote the internet as an engine of economic growth and economic freedom of the one of the ways that we can do that is by making broadband more affordable. state taxation of internet service will make broadband more expensive, which is at cross-purposes with our goal of encouraging internet access and deployment. mr. president, this doesn't make a lot of sense. the moratorium also benefits consumers by prohibiting multiple and discriminatory taxes on goods and services sold over the internet. this means consumers won't be taxed by multiple states on the same seam and that states won't tax internet sales more than, say, mail order or telephone sales. unfortunately, the internet tax moratorium is set to expire on november 1. because of this many internet providers are preparing to send out notices to their customers informing them they may ha

americans for prosperity and chamber of commerce said not us, we didn't send the postcards, this hasing to do with us. but the head of the new group that sent the postcards is the sister of the chairman of the chamber of commerce. the group's lobbyist is the former director of afp in kansas, also a former koch industries lobbyist. with all of those connections piling up, with the lawyer saying he registered the group because americans for prosperity asked him to, it took about two days for reporters to figure it out. the head of the koch brothers group in kansas finally admitted yes, okay, in his personal capacity he helped set up the new group. says he did it on a personal level, not as afp. one of the republicans said that exma nation that that sounded, quote, pretty bogus to him. that's further evidence of the dark campaigning that goes on in kansas politics. well funded special interest groups hide behind sham organizations to try to influence the electorate. the koch brothers negotiation for all their influence in the koch brothers home state of kansas, they have not been able t

chamber of commerce is speaking in imperious per-person is? >> they are working towards constituents and that is a better opportunity for businesses many of them the republican candidate, they understand that we are more friendly towards business and they are certainly welcome invoice. >> i get that because they have about $300 million. but what i don't understand is whether or not working men and women in the middle-class are going to have their voices heard in this midterm election for the first time by the republican party. >> i think they are, all you have to do is look at the candidates that we are fielding. from sea to shining sea we have a tremendous group of republicans who understand, and the cycle, what we need when and what we need to win is jobs and we have to get a handle on veteran obamacare. we are sticking to the issues that matter and with the people. lou: you say we have the speaker of the house that has gone rogue. he sounds like marco rubio in the early stages of the gang of eight. >> nothing certainly is going to happen on

they have been trying to do commerce.y will never happen on facebook or twitter. >> facebook and twitter, i don't see them as e-commerce platforms. on etsy, easy a lot of traffic from social platforms like facebook and twitter -- you see a lot of traffic from social platforms like facebook and twitter. in terms of etsy, it is good for us. the things that you find on etsy are very unique and shareable. they contribute to the ecosystem that we represent. youne of investors says will be ready for an ipo in a year. is wellsaid etsy positioned for an ipo. i agree. we have been profitable for five years. we are in no rush to go public. we want to build a company that builds 100 years or more. years or more.00 possibility, but not something we're focused on this year. >> you are also becoming a b cor p corporation. you could be the first b corp that goes public. tell me what that means. it is a third-party based out of new york. they test you basically on how you treat the community, employees, and the environment and you get a

you are betting on far faster growth of e-commerce in china. 64% rise in e-commerce in china.re that to 12% in the united states. we keep talking about china slowing down. still seven percent growth in the economy, double the united states" in any kingdom -- and double play united kingdom. kingdom.ited another chinese billionaire, they are really ramping up. >> it is a windfall for all of the u.s. banks advising them. we are waiting the ali baba ipo, which could be the biggest public offering ever. >> good for yahoo!, of course. selling two of its brands to japanese food company. billion.aise over $2 here is a man that likes this pasta sauce, jonathan ferro. investors saw this coming? >> they would never buy it in a jar. i will speak for the whole of italy right year. surprise, the price tag is not a surprise either. unilever made it clear that they are pulling back from food. they got rid of skippy peanut butter last year. they're driving into health and beauty. 2.15 billion dollars for pasta sauce might sound my a big price tag -- sounds like a big price tag. it is a well-pl

my amendment echoes the presidential memorandum by prohibiting funds in the commerce, justice, science and related agencies appropriations act from being used to lease or purchase the new light-duty vehicles except in accord with the president's memorandum. this amendment has been supported by the majority and minority on appropriations bills eight times over the past few years and i understand it will receive similar support today. our transportation sector is by far the biggest reason we send $600 billion per year to hostile nations to pay for oil at ever-increasing costs. but america doesn't have to be dependent on foreign sources of il for trfings fuel. alternative -- television fuel. -- transportation fuel. the federal government operates the largest fleet of light-duty vehicles in america. there are over 660,000 vehicles in the federal fleet. by supporting a diverse array of vehicle technologies in our federal fleet, we will encourage development of domestic energy resources including biomass, natural gas, agricultural waste, hydrogen, renewable electricity, and ethanol. when i w

from e-commerce giant to biggest ipo in history... everything you need to know about alibaba. in today's cover story....why historical landmarks are the newest hot housing investment plus... why joining the real world could be a smooth transition for the class of 2014. and... could a new movie help a comedy star make the leap to superstar status. first business starts now! good morning! i'm angela miles. it's thursday, may 8th. in today's first look: tesla rolls in with a $50 million dollars loss for the quarter. shares fell 7% on the news after the close. ford intends to buy bakc $1.8 million in stock. fast food workers prepare to protest around the world about low wages. president obama removes special trade benefits for russia. he says the country no longer needs them. fed chair janet yellen and russian president putin move the market. putin wants to postpone the east ukraine vote on autonomy. and yellen signals the fed will remain pat with its stimulus strategy. the dow raced up 118 points the nasdaq was hit with another sell off in big tech and the s&p gained 10 points. g

however, package that is growing rapidly thanks to e-commerce.mericans are rapidly changing how they communicate with one another in the postal service has struggled to adapt. however, that does not mean we are living in a post-u.s. postal service world. the postal service has a better rule in our economy and our nation, 49 connecting -- affordably connect in the most remote parts of the country. despite innovation of the postal service is important. but in an infrastructure in this country are moving not just bits of data. the postal service and private sector companies had begun others to create new postal products to preserve existing mail volume or create new demand for mail and possibly streamline the way mail is handled. the suffers target every aspect of the postal service's current operation and improved innovations to new mail piece design, online postal, e-commerce return the two states and greater consumer targeting for advertising. today i'm looking forward to hearing by the sector come isn't discussing matters to develop new postal p

but stick a look at the e-commerce giant by the numbers. -- let's take a look at the e-commerce gianthe numbers are huge. >> big, big numbers. i could get even bigger. what are we watching for the rest of the day? those numbers are front and center. jonathan ferro and hans nichols join us. let's start with alibaba. >> massive numbers. estimated value, 160 billion. billion dollars. more than visa. it could be the biggest ipo in u.s. history. forke 2% of chinese gdp 2012. >> i probably have the best stat. it is the popularity of jack ma's singing. >> you are obsessed. >> janet yellen is also testifying today. >> 10:00 today. jonathan ferroly looks at his job in london to be the chief fed reporter. does she look at the dismal gdp number or does she look at the jobs number? what can she do to drive up the dollar? >> hans nichols came for my job, you know that, right? berlin.why he is in you go berlin via the back door. >> i love how scores are settled here on air. [laughter] >> it is like, boom. >> this is a big deal for europe. it has been 12 months since ben bernanke turned around and s

the economic impact of not having access to this bridge for several weeks caused businesses o lose commerce and patrons. and the shipments of goods and services were diverted for a stretch of time that some businesses had a hard time recovering a year later. and the conversation around the country you had many infrastructure advocates, like building america's future one sounding the ly alarm that the country, especially members of congress, have to address problem with aging bridges. host: give us a sense of the scope of the problem. here's from the american society of civil engineer, their 23 report card on american infrastructure, noting that over 200 million trips are taken deficient bridges. the average bridge is 42 years old and include a map with the yellow on that map noting the more deficient bridges in the united states. what's your sense of the scope of the problem here? guest: again, infrastructure advocates will tell you it's an emergency, a severe problem, that these bridges, they're not necessarily unsafe, but they're aging, and with every year they become more expensive to re

he devastated union commerce. people in the free world or the other parts of the world, if you will, europe and stuff, you have to understand commerce be back then was ships. no planes. stuff like this. seas, he captured the imagination of people in england, france, everywhere. and people were constantly writing about him. but, now, if you were from up north, you hated him. and just like anybody, you're going to label himyou hate

chamber of commerce. 11% said yes. we are coming right back.to vote online at loudobbs.com. >> donald sterling's estranged wife may come up with the perfect defense. lis wiehl and mercedes colon join us next. that's right, no . it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. .. lou: l.a. clippers owner showing the of world not talk to repair a reputation he went on a

i think the chamber of commerce was supportive of sunday metering. i don't always align with the chamber of commerce. but i was happy to be so in this regard. could you say -- could you say what the reason behind all of it was? the repeal of sunday metering and how was the vote on your board for that? >> well, this was done, it was not a separate vote on sunday parking. it was part of the proposed budget, so the vote was unanimous. there was i say a fair amount of reluctant misgiving or support with regard to the sunday park elimination, the sunday parking enforcement elimination. because i think it was doing what we set out to do when we implemented it, which was increase parking availability in metered parking spaces on sundays. we did analysis as we said when we implemented it in the first place. and the analysis said it was meeting that goal. there was however a lot of difference of opinion on the value of it overall. while it was meeting that one metric, that we set from a transportation standpoint. there were a lot of people with a lot of conce

smart executives also understand how much their commerce care about this -- customers care about this. rob olson, the chief financial officer of ikea said this -- from talking to our commerce -- customers, we know americans are increasingly concerned about climate change as they experience events like hurricane sandy and the drought in california. they want to reduce the amount of energy they use in their home and they care about reducing waste and using less water. this is not a new message from america's corporate sector. last year the bicameral task force wrote to over 300 businesses and organizations about carbon pollution and climate change. the response was encouraging. coca-cola, headquartered in georgia, wrote -- and i quote -- "we recognize climate change is a critical challenge facing our planet. with potential impacts on biodiversity, water resources, public health, and agriculture. beyond the effects on the communities we serve, we view climate change as a potential business risk, understanding that it could likely have direct and indirect effects on our business." end quo

there are pretty big e-commerce opportunities.ight now we are making sure we get our app in the hands of as many people as possible to try incredible think is technology. >>, the people do you have signed on -- how many people do you have signed on? >> we just released. we have seen incredible growth in just a couple weeks. >> why did you want to do this? >> i have been fascinated that there are one billion smartphones around the world broadcasting locations all the time. yet no one has cross reference that to make it useful so when you go to an event or a conference or a meeting you can get a sense of who is around you and how you are connected to them. technology is there. we invented that technology. >> is in their something scary about that? >> it's only -- isn't there something scary about that? >> it's only if you don't have control over your privacy. ability to control your privacy. you can share with everyone. you can limit to just your friends. you can be anonymous or even invisible. we give you full control of your priva

commerce event here in d.c. stopped by jim clyburn's book party, giving a speech, raises money for the democratic party, all the stuff that hillary clinton is not doing right now, joe biden is doing. is he doing it because he's going to run? or is he doing it because he wants to be positioned in case she doesn't run. >> help me with, my lady and gentleman, a new cnn poll, this is a message to republicans who say we're toeing to repeal. leave it alone, 12%. make some changes, 49%. 61% of americans say leave it alone or amend it. not what you see there, 18% saying repeal and replace. 20% say fully repeal. however, molly, even though democrats say uh-huh, only 21% see it as success? >> yeah, not a lot of people are with the republican position that we need to get rid of it entirely. it's still the case that voters don't like the law and they're

we could go to to make a presentation or invite him to the port. some of what we do a chamber of commerce is. >> thank you so much for a great report. i want to thank you for your reporting on the primes also. congratulations on the 94% of new contracts. that is wonderful and shows were trying to move in the right direction. i really appreciate that. i want to go back to that effort to improve page. we have 106 contract. but we reported 67 where are the other >> i ran out of space so seemed everyone someone would ask that question. really, there are others. not meeting the minority nor women so there may be male [inaudible] for example. so that covers the range. >> thank you. >> i want to thank you for a complete information we received a form. i just really want to thank you and thank you for the sabbath. i know it takes a lot of work to compile this information but it's very much appreciated. i think that's what helps us figure out what we can see ways we can all do better job reaching out to our community or applauding the success we've had in that. so thank you. >> thank you. >> will