there's an awful lot of siloing both within commerce and outside of commerce, and i think that is notfactory end result. we need to all be in similar quality and efficiency of communication. i think the tricky part of it is where do you get the funding to make the changeover? because there are some one-time costs to doing base. commerce already has several initiatives underway, and i am certainly encouraged by what i've learned about those. and to think much more could be done. >> mr. ross, thank you. i would indicate too many times they headline issues that we can deal with our left, they overcome the good government issues that are so desperately needed. let me finally say that as a indicated in my office, trait is an important, exports is important matter to kansans. manufacturing of airplanes sold around the globe, agricultural commodities. i would highlight that for you but i would also point out the view that china recently increased its antidumping duties and its anti-subsidy tariffs on u.s. dried distillers grain, the decision came days after the chinese government decided to

that is our job at commerce.question for you is can you commit today to supporting comprehensive immigration form package with a pathway to citizenship for undocumented immigrants that would be positive for the can't estimate job growth? >> as i said when we're together, anything that stimulates the economy in truth i would be in favor of. >> thank you. mr. ross, thank you so much and again congratulations on your nomination. >> thank you very much. >> next up we have senator johnston. >> thank you, mr. chairman. mr.mr. ross, i'm over here where senator gardner was. first of all, thank you for willing to leave your life and private sector and serve our nation. truly appreciate that. to me our number one priority has to be to grow our economy,, to make sure we realize the full potential of this marvel he called the american economy. what do you believe is the growth potential of the american economy? do you have kind of a figure in your head? >> well, i think we can certainly get north of 3% growth if we do all th

commerce sector nominee wilbur ross and u.n. ambassador nominee nikki haley also had confirmation hearings, and congressman tom price who the president-elect has nominated to be secretary of health and human services testified before the senate help committee today. that committees top democrat patty murray asked mr. price about stop traits he has made in healthcare companies. spent congressman price, recent press reports about your investment in the australian biotech company innate immunity therapeutics raises some serious questions about your judgment and i want to review the facts. you purchase stock in any, a company working to develop new drugs on four separate occasions between januar january 2015-august 2016. you, you make the decision to purchase stock, yes or no? .. >> been. >> bruce said sun the transition team is an investor and board rover of the company. he was reportedly overheard leslie crop the house floor friday how he had made people billionaires' so in our meeting uniform to me you had ongoing conversations o

the same is true of the commerce committee's agenda. for example, self-driving vehicles will be one of the most significant areas of oversight in the new congress. and i use the term self-driving vehicle instead of autonomous vehicle because as my colleague from michigan, senator gary peters, has pointed out, you still have to tell the vehicle where to tell you -- where to take you, i should say. the term autonomous makes it sound as if the vehicle doesn't really need you anymore. but since 1946, more than 30,000 people have died every single year on the roadways in the united states. and over these 70 years, we've certainly saved lives by introducing seat belts and airbags and other smart designs in our vehicles. but all of these important safety advancements pale in comparison to the potential safety benefits of self-driving vehicles. it won't come all 2001, but self-driving -- all at once, but self-driving technology has the potential to compete with that of modern commercial airlines. some have argued that self-driving cars or at le

i want to thank the members on the energy and commerce committee for this important legislation. h.r. 304, the protecting patient access to emergency medications act, this is a bipartisan bill. it was introduced by two of our colleagues, representative hudson of north carolina and representative butterfield also of north carolina. it previously passed the house by voice vote on no objection back in november but unfortunately it was not taken up by the senate before the last congress adjourned. meaning we have to be here today to restart this process. this, along with three other energy and commerce bills that we're considering today, shows that the energy and commerce committee is picking right up where we left off, in a bipartisan way to produce quality legislation that will improve the public health. now, h.r. 304, this is really an important bill because it enables our nation's emergency services professionals to continue to provide quality, emergency care by recognizing the unique nature of their practice. specifically, as you may have heard, the bill clarifies that paramedic

now we've got to look at internet commerce, cyber security.ve got something interesting -- we have to add energy. soledad: many of the critics of nafta don't list cyber security and internet commerce as their big issues. do you know, do you have a good sense of what trump want to do with nafta? diana: he wants to increase jobs in america and bring companies back to america. the way to do it is to improve nafta, not break it. soledad: -- i've broken it down to three things one, he wants to eliminate mexico's trade surplus. another thing he has is limit investment by american companies in mexico and then the third thing he has mentioned is raise tariffs against mexico on goods that are coming into the us. diana: let me take the first one. we make cars with mexico and canada. parts of the process is carried out in mexico. a large part is carried out in the united states. just saying you can't have that plant ford motor company in san luis, just means that part of the assembly have to ship somewhere else. now let's take this tariffs. he wants to p

congressman khanna served as the deputy assistant commerce secretary under president obama. he talked about his grandfather piqued his interest in politics and what he hopes to accomplish for his constituents in the 17th district, largely made up of silicon valley. >> congressman ro khanna, democrat, represents california's 17th district. why did you decide to run and when? >> i decided to run because i thought silicon valley was such an important district for the nation. and we have this divide where some people have been part of the technology revolution benefiting, others have been excluded. and i think the valley needs to be part of the solution to bring tech jobs to the heartland and across america. >> what about your background lends you to do that as the member of congress representing that area? >> well i've been very, very fortunate to work with a lot of the tech leaders in my community. i had the experience to serve in the president's administration at commerce, working on bringing manufacturing jobs back to the united states, wrote a book about how we bring advanc

i do not have my commerce secretary, they wa nt not have my commerce secretary, they want to talk trademyself. good morning. it's friday the 27th of january. also this morning:

i don't have my commerce secretary, they want to talk trade. i'll have to handle it myself. [laughter] trump: which is okay. first steps ce the in our immigration plan, ordering immediate construction putting an r wall, nd to catch and release, expediting removal of criminal -- this is so important day one, i've said it and i mean the immediate aliens, theyiminal are going to be gone fast. finally, at long last, sanctuary wn on cities. [applause] trump: it's time to rights of civil americans to protect their jobs, their hopes and their dreams for much better future. congress passed these laws to citizens and it's about time those laws were not rly enforced, they're in force. for the of justice american worker has arrived. serious, urity is a serious national issue and problem. of security poses a substantial threat to the safety of the united states of america and its citizens. most illegal immigration is coming from our southern border. said many times that the will not pay for the wall and i've made that lear to the government of mexico. deal, as been a terrible a total di

talking about here today the commerce committee touches on every aspect of the american economy railaviation, everything. but the senator has focused on these issues that we are talking about today and has urged policy makers on bull's-eyes of the aisle and a foreign competitors. financial of the population of 482 people and advocate for some of the issues we've talked about the rural access where they continue to go forward to be part of the 21st century economy. he has earned respect of his colleagues or to overshadow the of personal. he has the distinct honor. t11. [applause] >>. >> thanks for hosting us today. to spend that extended amount of time being the fastest person in congress like the best serve for in kansas laugh laugh it is a nice title but it doesn't mean very much when i do appreciate the opportunity starting the third decade of the internet. it is the essential technology to transform in very unexpected ways. i am willing to bet in the '90s and never thought combine's would be built with the internet. ended is remarkable is futile spend much time on farms to see wha

it dit not to use the mark in commerce or otherwise to engage in expression or debate on any sun jekt he wishes. it places a reasonable limit rather than of restriction on speech. it does not violate the first amendment. >> it is copyrighted? >> i think we would say copyright is a government program but historically been much more to first amendment values to the incentivization to free expression. >> the part that seems to me to ignore the fact that we have a culture in which we had t-shirts and logos and rock bands and so forth are expressing the point of view they are using the market to express views. >> i mean certainly -- disparagement wouldn't work with copy right. that's a powerful important government program. >> ret let me say two or three things before that. music the slants are expressing views on social and political issues. they have a first amendment right to do that. they're able to copyright their songs and get intellectual property protection that way. if congress attempted to prohibit them either have having copyright protection or copyright registration on their mu

e—commerce companies, are they overestimate in the indian market? at the expense of others. if you look at the value, for example, this season, we saw 97% of india using amazon, tremendous penetration in three years. we are growing 100% year over year. you cannot achieve this with a very large base, so the landscape is growing. what challenges to you face ina growing. what challenges to you face in a country like india? the challenges would be the same challenges would be the same challenges that e—commerce has as you expand your landscape. how do you expand your landscape. how do you power small and medium salaries and businesses? how do you build a logistics network that can reach around the country and provide fast service? how do you deal with mobile phones being the primary access point for consumers? what about infrastructure, how do you build it? where does your huge investment focus on? where will you focus money on? every time we have cellars, costs goes down and sales go up. we use the network so that speed of delivery goes up. all of this

questioned before the senate commerce committee.orth american free trade agreement is the first thing than a trump administration will deal with in terms of trade. he's also being questioned on climate change as the commerce department has jurisdiction over -- youional oceanic and can watch this hearing right now on the bloomberg at live ago. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn in new york. mark: from london, i'm mark barton. it shares of pearson plunging the most on record. the world biggest education company warning future dividends lower dividends and announced plans to sell its stake in penguin random house. joining us with more is rebecca covers telecom media. how you account for 31% decline in the share price? 1.8 billion pounds of value wiped away in a single day? rebecca: the market investors analysts knew there were problems in the textbook market in the higher education market. in the fall pearson executives were saying things i've not looking too bad. we think college enrollments could be flat and boy we

the president also signed a memorandum directing the commerce secretary to lead a study looking intouilding the keystone and da kota into building the keystone and dakota access pipeline as well as any other future pipeline with the us made steel pipes and accessories. this is the first step the president has delivered on its promise to put american steel into the backbone of the us economy. the us lost nearly one third of its manufacturing base since 1997. even though the country has a population has increased by 50 million people. we will rebuild the infrastructure and do with american workers and american resources. the buy american scene was a major part of the inaugural address. this is clearly a n of the inaugural address. this is clearly an immediate action and extension of a promise he made to the american people. we sorely need these infrastructure jobs and without improvements to our transportation systems, the united states could lose more than 2.5 millionjobs by 2025. creating jobs and boosting wages is the president's top priority and this has been made clear over the pa

congress can determine we would prefer not to encourage that form of commerce. we would prefer that commercial actors will promote their own products rather than disparage others. obviously under the first amendment we couldn't prevent that kind of criticism but we can decline to encourage it. >> assume government speech itself is not at all. i always thought that government programs are subject to one extremely important constraint in which is that they can't make distinctions based on viewpoint. so why isn't this doing exactly that? >> it precludes disparagement of all and it casts a wide net. >> yes. that's absolutely true. it precludes disparagement of democrats and republicans alike and so forth and so on, but it makes a very important distinction, which is that you can say good things about some person or group, but you can't say bad things about some person or group. so, for example, let's say that it wanted a mark that expressed the idea that all politicians are corrupt, or just that democrats are corrupt. either way, it doesn't matter. i couldn't get th

you think of the explosion in e-commerce.hey have to handle it and profit from it, and it's too hard if you're just a shipper, right? >> yep. we talked about digital transformation all the time. how do these companies given multichannel and everything online, how do they move at the speed that their customers want? how do you get a great mobile experience? how do you get a great in-store experience? how do you make sure you can do all the amazing package tracking that fedex does reliably? this movement is something that's another fuel for someone like splunk. >> it's funny. we've had -- i happen to like domino's pizza. domino's, i always call is a technology company that sells pizza. i look at their apps and think how brilliant they've been and how amazing they are in taking business. what i didn't know is that splunk powers a lot of it. >> yeah, they were one of the early folks that figured out -- >> patty doyle. >> yeah, this data that we're using for security and i.t. operations, you know, many people, mundane stuff. who c

the ruling did not limit responsibility to use the mark in commerce or otherwise to engage in expression or debate on any subject he wishes to because section 52 a disparagement position it's a reasonable -- a restriction on speech that -- it doesn't violate the first amendment. >> a copyrighted government program? copyright registration is a government program but it historically has been much more tied to the first amendment. it seems to me that it ignores the fact that we have a culture in which we have t-shirts and logos and rock bands and so force. they are expressing a point of view. they're using the market to express views. certainly disparagement would not work with copyrights. that's a powerful government program. >> there's no question that through their music slants are expressing views on social and political issues. they have a first amendment right to do that. they are able to copyright their songs and get intellectual property protection that way. if congress attempted to prohibit them from having copyright protection or copyright registration on their music that would po

companies e—commerce, i think you can create a large number ofjobs.eat. although they are having a tough time with every state government wanting to rain them in. and the same is true of various e—commerce companies were again the kind of regulations are stifling them. overall, what are we seeing? entrepreneur, the investor, orthe organisation should have the flexibility of being able to take the risk of starting the organisation —— what we saying? and if it is not going well they should be able to let somebody go to harry later, or for example the flexibility of the labour lows will encourage organisations to adopt automation, more productive —— to hire them later. and that is more productive because it generates cash and when you have that you can reinvest into different areas to create more jobs. mr xxx, thank you for being with us. important to have a view from the it sector, which india is known for globally —— mr singh. in the second part we will be discussing, what are the jobs of the future? but first, here is our comedy consultant with his th

aubrey davidson was the president of the chamber of commerce in 1908. it was announced that the united states was taking over the panama canal project and it would be completed in 1915. he saw that as an opportunity for san diego to come forward and introduce itself to the world. , there was the exposition and they announce that to the folks in town. for a few years, they did the financing to build the exposition and it opened on december 31, 1914 at midnight. there was a telegraph sent by woodrow wilson in washington, d.c. to turn on all of the lights, and that happened at midnight. all of the people were coming through and about 40,000 people the opening night ceremonies. and it's been a highlight of balboa park ever since. to be the commerce and industry building and we had in it, adding machines and that kind of production for business. one of the highest production pieces that we have here in our exhibit is the registry book of all of the different people who came here. it was so successful, it continued into 1916. and when you came across the brid

i would like to have the commerce secretary approved because i hear he did fantastically well but they are not quick with the pen because we would like to have them approved as soon as possible. will be done and it will be but they could move faster on the other side, i will say that. [laughter] [applause] president trump: i am meeting with the prime minister tomorrow, as you know, great britain, meeting with her tomorrow, i do not have my commerce secretary and they want to talk trade, i will have to handle it myself. [laughter] ok.ident trump: which is we put in place the first steps on the immigration plan ordering the immediate construction of the border wall and putting a finish to cap generally's. -- catch and release, expediting -- important, from day one i said it, the immediate removal of criminal aliens, they will be gone fast. [applause] president trump: finally, at long last, cracking down on sanctuary cities. [applause] president trump: it is time to restore the civil rights of americans to protect their jobs, their hopes, and their dreams for a much better future. congres

congress would encourage to avoid that type of commerce. we could say that commercial actors will create their own products rather than disparage others. we could and prevent that criticism -- >> assume government speech is not involved. i always thought government programs were subject to one extremely important constraint which is that they can't make distinctions based on the. why is this doing exactly that? that's true, it precludes disparagement to democrats and republicans alike and so on, but it makes a very important distinction which is that you can say good things about some person or group, but you can't say bad things about some person or group. for example, let's say i wanted a market that mark that expressed the idea that all politicians are corrupt. or just the democrats are corrupt. each entry at either way, it doesn't matter. i couldn't get that mark even though i could get a mark saying all politicians are virtuous or that all democrats are virtuous, either way, it doesn't matter you see the point. the point the point is i

that is war number one, that commerce war. and then there is the blockade, and this is british policy. we will talk about him and the admiralty committee of defense. ferguson talked about this and nick lambert talked about it a few years back. they also designed an economic doomsday machine that will destroy germany. part of that is the blockade policy. we will talk more about the blockade later on. that is another form of warfare. classic blockade is that classic strategy. then you have to fight on your terms, but you have to implement this before you get the chickens out of the cube. .- coop opposing strategy. now we will start to get into it. the germans don't have a strategy. i should go to the second bullet first, which is the british go, the admiral jellico, the admiral at sea, goes to the blockade. the germans had designed their strategy built around the high seas fleet to challenge a close blockade. ,hey will use submarines, mines and destroyers to get the germans into their anti-access areas of their coastal areas and

of course two years when washington at commerce. one of the real owners of representing this district is you get to work with some of the most innovative creative entrepreneurial folks in the world. my message to them is it's time for you now to step up and serve an honor that you answer the nations call to the others being left out by this technology revolution, how to provide an opportunity for everyone to be part of this new economy. >> host: where do you think your entrepreneurial mindset and interest come from? >> guest: i'm humble enough to know the real entrepreneurs are the ones creating companies but i think just being seen this extraordinary and partly of people regardless of their faith, regardless of their gender, regardless of the race participating in inventing the future. it's so exciting to see and you see people who fail and fail and fail, then they get up and they succeed. that spirit is extraordinary and when you to bring some of that spirit to washington. that was the spirit, frankly, during the new deal when pre

. >> as brett pointed out, payments are such a pain point for global commerce and e-commerce. e-commerce is all about not using cash, so the pain points include majestic's -- logistics, this we moving products -- physically moving products from a to b. and then the payments. groupsee the alibaba buying money gram, and it is official -- makes sense, seeing that jack wants to get started in the u.s.. goods toto sell u.s. china, but they do not have a payment platform to do that. they in china, but does not exist in the u.s.. the flow ofping goods from u.s. to china, so that is one of the reasons you want to do this purchase. not'm surprised we have seen google, facebook, amazon look at the banking sector or payment sector in any serious way. i read a study recently that suggested people are willing to look at those companies if they were to offer a service and they happened. why do you think? >> there was a study done that says one out of three global consumers would switch their financial institution to one of the big three if they offered it. and i agree what tim said. and fin

. >>> on trump's pick for commerce, ross has promised to sell his stake in his main private equity firm, divest all sorts of other assets and revine from corporate boards. he will keep interests in lending and shipping. >> two other private equity giants joining us in the next half hour. we will discuss wilbur ross's appointment with them. financials in focus today. goldman sachs and citigroup set to post results before the bell. goldman premarket is up sh, mor

i meeting with her tomorrow, i don't have my commerce secretary and they wa nt have my commerce secretarynd they want to talk trade so i'll have to handle it myself! speaking last night, the president again said he was determined to build a wall between mexico and the us and suggested taxing their goods to pay for it. word so has bbc news been getting a bit carried away by the new presidency rosie victoria wells thought so, writing: brian gardner had this question: meanwhile, teresa reilly wrote to us on monday after she had settled down to watch a report on the supreme court decision about brexit: do let us know your thoughts on the bbc‘s coverage of donald trump's presidency or any aspect of bbc news. details of how to contact us coming up at the end of the programme. now for some of your other concerns this week, starting with the bbc coverage following a report in the sunday times that an unarmed missile went offcourse during a test lastjune. on his show that morning, andrew marr asked the prime minister about this several times. when you made that first speech injuly times. when you

lou: we are coming to you live from a very top of the chamber of commerce building in the nation's capitol on this eve of donald trump's inauguration, as our 45th president. it is a festive and extraordinary a atmosphere in this town. mr. trump just moments ago addressing supporters, at a welcome concert outside of the lincoln memorial. >> we're going to make america great for all of our people. everybody. everybody throughout our country that is includes inner-cities, that includes everybody. we'll do a special job -- lou: we're counting down now to the inauguration with many

businessman wilbur ross is nominated for commerce secretary. and georgia representitive tom price has a courtesy hearing for his nomination as h-h-s secretary. it's a courtesy hearing because a separate panel, the senate finance committee, will actually vote on price's nomination.

a second fact about trade, market access and e-commerce are changing the nature of trade.nks to the internet and global logistics services offered by fedex and others, e-commerce is booming. worldwide retail e-commerce sales are approaching $2 trillion and are projected to exceed $4 trillion by 2020. while much of this is domestic trade cross-border e-commerce will unlock even more growth potential for companies of all sizes especially small and medium-size companies. let me just give you one great example of this just up the road. fedex customer ora jean technologies in rockville maryland, they develop dna clones used for research. starting with eight employees in 1996 they now employee 80 in the united states and approximately 500 worldwide. their network of international distributors reaches more than 35 countries. fact number three, the u.s. wins when we enter free trade agreements. u.s. has free trade agreements in place with only 20 of our trading partners. contrary to public perception, the united states enjoys a surplus with those trading partners in manufacturing

i don't have my commerce secretary. they want to talk trade. i will have to handle it myself. [laughter] [applause] president trump: which is ok. we have put in place the first steps in our immigration plan, ordering the immediate construction of the border wall, putting an end to catch and release, expediting the removal of -- this is so important to me -- from day one, i've said it, the immediate removal of criminal aliens. they will be gone, fast. finally, at long last, cracking down on sanctuary cities. [applause] president trump: it is time to restore the civil rights of americans to protect their jobs, their hopes, and their dreams for a much better future. congress passed these laws to serve our citizens, and it's about time those laws were properly enforced. they are not enforced. [applause] president trump: the hour of justice for the american worker has arrived. border security is a serious, serious national issue and problem. a lack of security poses a substantial threat to the sovereignty and safety of the united states of america and its citizens. most illegal imm

suchinted out, payments is a paying point for global commerce, and especially in e-commerce. hen you think about it e-commerce is all about not using cash, so the paying points logistics, actually fully moving a product from a to b. user interface and apple, trying to decide that you want payments.e it and for jack and financial, buying gram, it helps to solve that given that jack mar did you want to do more in the u.s. he said, a million small to medium enterprises in the u.s. goods to china. but they don't really have a that.ts platform to do pay is very big in china but it doesn't exist in the u.s., so by he's actually helping aid this flow of goods from the .s. to china and so that's really one of the reasons why he would want to do this purchase. >> i'm surprised that we haven't google, facebook and amazon look at the banking sector or at payments in some big serious way. i'm surprised, but i read a that ugted people are very willing to look at those companies if they were to a service and yet they haven't. why do you think? study was just done that said one out of three

had with carrier, soft bank, and alibaba do you conceive of making this a program, maybe inside of commerce, and how soon will we see the program on capital reparition and corporate tax cuts. >> people said, well, that's only one company. like we did a good job with carrier, and i want to thank united technologies which owns carrier, but we saved close to 1,000 jobs, and they were gone. mike pence and his staff really helped us a lot. those were -- that was a tough one because they announced a year and a half before that they

. -- all about e-commerce is so yesterday.everaging data to get people to spend more time on their platform, transforming physical retail so that people in brick-and-mortar stores can use their technology to shop better. it is not too different from what amazon is doing. they recently opened grocery stores that use very advanced technology and have some physical bookstores. caroline: i think we heard salina there talking about a little bit of caution out there. if you look the short interest on this particular stock and it is relatively high despite the buys and holds. what are the risk factors that might be driving this short interest? tim: one of the key ones that salina pointed out is that they -- the user growth is slowing. that is a problem for them. they are managing to grow the amount of sales per user. the other thing is that they have a lot of other businesses. they are invested in so many different kinds of businesses, and they are a little bit of a black box. a lot of the shorts are betting that there are problems h

commerce secretary, hhs, u.n. ambassador, and the epa. of course, as you can see, that room empty right now. but we're keeping a very close eye on those hearings as we approach the lunch hour. but we also have some breaking news right now. >>> chris jansing is live for us at the white house with the update on the condition of former president george h.w. bush and his wife now, as i understand it. chris, what can you tell us? >> this is concerning news. we had reported this morning that george h.w. bush, bush 41, as he is so fondly known, had en admitted to the hospital with breathing problems, but they thought he was resting comfortabland would be out in a few days. now we have just gotten word from his office that he has been admitted into intensive care, and in fact, they had to do a procedure on him that required him to be sedated. they said they had to protect and clear his airway. as you may know, he suffers from a form of parkinson's disease. he's had breathing problems before. he's been hospitalized for them in recent years. he als

commerce secretary designate wilbur ross appearing before the senate commerce committee and tom pricep's pick for hhs secretary set to go before the health education labor pension committee. expected to face tough questions about trades in health care stocks, axios yesterday, guys, had some reporting on concerns within the team about mnuchin bringing in extra people to help him get prepared in advance of the tough questioning he'll get. >> look, there was a very long article about mnuchin and, you know, you could read that article two ways. i mean, i think there are a lot of banks -- a lot of larger banks were into the fdic saying please let me buy these institutions. i didn't see it as what i would say negative as the spin, but you got to hear what they say -- what he says on capitol hill. there are things happening in this market that are extraordinary every minute. even times since we've been talking united airlines is up because people like some of the commentary on the conference call. things are moving very fast, like david said. i urge people to get conviction, if you don't hav

through thent out department of commerce or agriculture. you will find that oftentimes they go to political allies or -- to political allies. ther: greg walden, chairing commerce committee. what do you know about him? >> not very much. i met him a few times. staff ofo be on the senator brownback, now governor of kansas. i talked to him about him. peter: what are you doing this year? >> my work is to write technology loans. i will be working on the issues we think our work is important. about what do you think the custom options process that has been ongoing? a i think the sec took on monumental task. it is incredibly difficult to design an option where people are both bidding in and buying theyand these are things are baiting and and buying out aren't the same things. everyone i have talked with around the world about this, including here in d.c., agree that this will either be a wonderful success or a dismal failure. in this case, if the economy is working with the sec, i think they pull it off. i think they did a good job. peter: should w

we will feed our commerce and bind us together. we will restore science to its rightful place and wield technology's wonders to raise health care qualities and lower its cost. we will harness the sun and the wind and the soil to fuel our cars and run our factories and transform our schools and colleges and universities to meet the demands of a new age. all this, we can do. all this, we will do. now, there are some who question the scale of our ambitions. to suggest that our system cannot tolerate too many big plans. their memories are short. they have forgotten what this country has already done. what free men and women can achieve when the nation is joined in common purpose and what the cynics fail to understand is that the ground has shifted beneath them. the political arguments that have consumed us for so long no longer apply. the question we ask today is not whether our government is too big or too small but whether it works, whether it helps families find jobs at a decent wage, care they can afford, retirement that is dignifi

donald trump said they'd agreed to strengthen their ties in commerce and foreign affairs.said they both reaffirmed their commitment to nato and working to defeating the islamic state group. it was also announced that donald trump has accepted an invitation from the queen to make a state visit to britain later this year. the president once again welcomed britain's decision to leave the eu. the united states respects the sovereignty of the british people and their right of self—determination. a free and independent britain is a blessing to the world. our relationship has never been stronger. both america and britain understand that governments must be responsive to everyday working people, that governments must represent their own citizens. madam prime minister, we look forward to working closely with you as we strengthen our mutual ties in commerce, business and foreign affairs. great days lie ahead for oui’ affairs. great days lie ahead for our two peoples and our two countries. teresa may told journalists at theirjoint news conference that the pair had held productive tal

we have outdated laws to e-commerce and people having cell phones and all information transmitted not only in the u.s. but around the world. we have a lot of work to do to keep policy up-to-date and keep future looking as well. >> host: what is specific pete's of policy you would like to see updated? >> guest: one is reform to the electronic communications privacy act. this bills was written in 1986, a long, long time ago when people didn't use email to communicate and we need to update our laws so we have a warrant standard for all information. so right now information that is stored on a server in email that you might have isn't under the same warrant standard that a piece of paper in a file draw would be, and i think most americans think digital information should be treated like digital information in terms of protecting their privacy. there is piece of legislation called the email privacy act. that email information requires a warrant just like physical information. it passed the house last congress unanimously. that never happens. and so, it's an important piece of legislation.

we have many policies that are updated that didn't contemplate everything from e commerce to people having cell phones and the information transmitted not only in the u.s. but around the world. o we have a lot of work to do. >> tonight at 8:00 eastern on c-span 2. >> with donald trump set to be sworn in this friday as the country's 45th president next we take a look back at the address president obama gave at his first inauguration. barack . >> thank you. >> obama! >> thank you. my fellow citizens, i stand here today humbled by the task before us. grateful for the trust you've bestowed. mindful of the sacrifices born by our ancestors. i thank president bush for his service to our nation. [applause] as well as the generosity and cooperation he has shown throughout this transition. 44 americans have now taken the presidential oath. the words have been spoken during rising tides of prosperity and the still waters of peace. yet, every so often the oath is taken amidst gathering clouds and raging storms. in these moments, america has carried on not simply because of the skill or vision of those