we are not an e-commerce company. we help others become e-commerce. any company could be amazon.ying to empower small business, a marketplace where they can reach the customers. we tried to empower companies with logistics so they can deliver quickly and cost-effectively. business empower small , when they do e-commerce, they can easily receive the money. this is our best. -- our bet. we've made so much money in the , but we think this is all because of small business. to beney we made, we want sure we build an infrastructure of commerce. going global is important. we should help not only china's companies but the global companies. we are comes to america, in europe and also have calix -- colleagues in southeast asia. globalizing alibaba, we are globalizing e-commerce. we are trying to make sure e-commerce, the payment, the marketplaces and the logistics can make sure anybody today can compete with amazon, microsoft, ibm. this is what we want. charlie: where you see alibaba going over the next 10 years? you are already in hollywood. in the cloud. theare doing things beyond transa

but they are an e-commerce company. we are not an e-commerce company.thers to become e-commerce. we believe every company can be amazon. we tried to empower the small business, they can reach their customers. we tried to empower the company's with the logistics so they can deliver things quickly and cost-effective. we tried to empower this, every small business, when they do e-commerce they can easily receive the money. we, thisow that company, we made so much money but wepast three years think this is all because of small business. and the money we make, we want to ensure that we have the infrastructure of commerce. so going global is so important, we should help not only china's company, but we should help the global company. today, alibaba comes to america and our ceo is in europe and we have a lot of colleagues in southeast asia. globalized are not alibaba. we are globalized e-commerce. e-commerce,ke sure the payment, the marketplaces, and the logistics, making sure everybody today can compete with amazon, microsoft, ibm, this is what we want. >> th

but they are e-commerce company. we're not an e-commerce company. we help others to become e-commerce. we believe every company can be amazon. we tried to empower the small business, that can reach their customers. we tried to empower the companies with logistics so they can deliver things quickly, cost effectively. we tried to empower every small business, they do e-commerce they can easily receive and the money. and this is all about, and we know that we, this company was-- we made so much money in the past years. but we think this is all because of small business. and the money we made we want to assure that we want to build our infrastructure of commerce. so going global is so important. we should help not only china's company, we should help the global company. so today ali-- all irbaba comes to america. we go to our c.e.o. today, is in europe. we also have a lot of colleagues in southeast asia. we think we are not, we are not global like alibaba. we are globalized e-commerce. we tried to making sure e-commerce infrastructure, the payment, the

it was reported by unanimous consent from the energy and commerce committee. it amends the federal power act with respect to mergers or consolidations by a public utility. any merger or consolidation of a merger whose value exceeds $10 million must first be authorized by the federal energy regulatory commission. in addition, ferc is required to promulgate a rule within 180 days of mandates any public utility seeking to merge or consolidate to notify ferc within 30 days of transaction consummation. if the value of such merger or consolidation exceeds $1 million but in fact is less than $10 million. thank you, mr. speaker. i reserve the balance of my time. the speaker pro tempore: the gentleman's time is vembd. the gentlelady from colorado. ms. degette: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentlelady is recognized. ms. degette: i want to rise in support of h.r. 1109 which would add a $10 million tresh hold which would trigger ferc review for a merger or consolidation. this is a significant change to curr

he wants to build an e—commerce site is the right here in asia. singapore, malaysia, hong kong and taiwan, as pa rt malaysia, hong kong and taiwan, as part of his world e—commerce site. targeting at the same time 100 million chinese citizens are living overseas. alibaba million chinese citizens are living overseas. aliba ba has million chinese citizens are living overseas. alibaba has roughly 600 million active buyers in its place. he was a quadruple that to 2 billion people within 15 years. $1 billion in southeast asian in retail is last year. very spending heavily in the region through investment and joint ventures. we see deals recently in thailand, south korea, and india. jack ma is very aggressive with all the cashier has, and it did was a bigger piece of the asian e—commerce by. we will keep an eye on him. -- buy. ever since the uk voted to leave the european union a year ago, business leaders in the eurozone have called for some of the city of london's most prized businesses to be moved to the continent. 0ne one of these segments of busines

how they can dual with an e-commerce giant.nd a feature i want to bring to your attention, our new interactive tv function, you can find it on tv at the bloomberg. you can watch is to a number of other things, check it out. ♪ . . alisa: i am alisa parenti in washington and you are watching "bloomberg technology." let's start with a check of your first word news. president trump is outlining the financial health of the business assets he placed in a trust when he took office. the information comes in a new financial disclosure he made today to the office of government ethics. the documents cover january 2016 through the spring. the document shows he resigned from more than 500 positions, many of them a day before his inauguration. calling it a terrible deal, president trump canceled parts of former president obama's historic government --agreement with cuba. he banned dealings with cuba's military and put new travel restrictions on american citizens visiting the island. trump we challenge you to come to the table with a new

they are dominating e-commerce.killing the retail industry and there's still a long way to go. not just in terms of them selling you stuff but how they get it to you. drones, their holy just it effort. there is a lot -- their whole logistics effort. cloud commuting, and they seem to be running away with it. microsoft, google, oracle wants to get into the act and give amazon a run for their money. they are so far ahead. we have not even talked about hardware, the echo, and the entertainment business they are investing lots of money in. hastings fromeed netflix and all he could talk about was amazon is a potential threat. i think the number of opportunities for amazon to grow into new lines of business is at expand isbusiness and so big. emily: he said it is a 10-like 10-legged stool. tom giles and eric newcomer, thanks so much. it looks like uber has another competitor, the autonomous trucking company and autonomous car company waymo. it announced it will begin testing self driving trucks. the announcement comes a ye

how they can dual with an e-commerce giant. feature i want to bring to your attention, our new interactive tv function, you can find it on tv at the bloomberg. you can want us live. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. tthat's why at comcast,t to be connected 24/7. we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. alisa: i am alisa parenti in washingto

robert: e-commerce has been important to us. e-commerce brandon 2002, one of the first luxury houses to launch online. we are celebrating our 50th anniversary and we are celebrating by relaunching our website this fall. we really want to continue to offer great service even online. convenience or customers online. with our limited distribution, we are able to reach a significantly larger base of clients. emma: are you seeing an uptick in the number of people buying from you online? , online hases continued to grow for the last five to seven years. it continues to be a major part of our business so that is where we are making that investment. emma: would you consider using some of the other luxury online companies? is that an option for you or do you try to keep it all in house? robert: we try to keep it all in house. we have not considered any external distribution online, but we have found great success in doing it all ourselves. we can control the experience, the service, and the quality even of the delivery you get near homes

and it's also a story about people and while we make more e-commerce deliveries to homes than anyonee in the country, we never forget... that your business is our business the united states postal service. priority: you flmt the president gave himself a reentrance strategy, a way back into the agreement and that seems to fit a pattern with the president and it is developing a bit of undecisiveness. >> you're going to have such great health care and a tiny fraction of the cost. and it will be so easy. >> an unbelievably complex subject. nobody knew that health care could be so come reply indicated. >> i don't think anybody knows it was russia that broke into the dnc. >> as far as hacking, i think it was russia. >> it is very hard to say who did the hacking. with that being said, i'll go i know what russia. it could have been china. >> we have nafta which was a total and complete disaster. >> i was going to terminate nafta as of two or three days from now. i decided rather than terminating nafta, which would be a pretty big shock to the syst system. >> can you imagine, we're going to a

it did not limit the ability to use the mark in commerce or to otherwise engage in expression or debate on any subject that he wishes. because of the disparagement provision restricts the program and not speech, it does not violate the first amendment. >> it was a copy righted government program? >> i would say copright and c y copyright registration is tied to values of free expression. >> the part that seems to me that ignore the fact that we have a culture in which we have t-shirts and logos and rock bands and so forth, but we are expressing a pouint of view, thy are using the market to express views. disparagement would not clearly work with copyright, that is a powerful, important government program. >> through their music, the slants are expressing views on social and political issues. they are able to copyright their songs and get incideprotection way. if congress attempted to prohibit them either have having copyright protection or copyright registration on their music, that would pose a much more substantial first amendment issue. >> i was somewhat surprised that in your brief

in that case the supreme court basically turned the commerce clause authority commerce to regulate commerce between the states and formations and indian tribe into and all things that might affect commerce clause. very, very different. we can have a debate about whether that was a good idea as a matter of policy, but as a matter of constitutional law this was a major change and was brought about entirely outside of any amendment process contemplated by the founders or authorized by article v of the constitution. >> host: but it was a process that the court felt was action to change impacts on the ground. you have a fixed text written in 1787 but you do have faxed that change. and as commerce changes as undoubtedly the nature of commerce changed dramatically in the 20 century with an international economy and really making it hard to do something in one state without it having ripple affect some else. isn't that a proper basis for constitutional interpretation? >> guest: that is exactly the argument made in the case and in all subsequent races following from the line including still burn fiv

we are also looking at chinese e—commerce giant alibaba.nts for over ten percent of all retail sales in china. but despite floating on the new york stock exchange two years ago, it has yet to crack the us market. billionaire founderjack ma has been trying to change that at an event in detroit — the bbc‘s samira hussain was there alibaba has aliba ba has come alibaba has come to america with a bang. the chinese e—commerce giant is here to show us businesses what the company is all about, and how it can be the gateway to the chinese market. the harder sell, of course, is getting american consumers to do their shopping with alibaba. when i asked jack ma about that, he said it was not a concern. we're not thinking about selling alibaba products to america. we are thinking about selling american small business, or global small business, to china. we are not that interested in how big our brand alibaba is. we are very interested in how our small business brand is. but away from the trade is where you have the us investors. and the message they ha

that e-commerce players trade at three to five times. i think they have a distinct advantage versus the traditional grocers. i think the ones the company that is going to give, you know, amazon a run for its money are actually the walmarts or the costcos or some of the more traditional offline players with large brick-and-mortar scale that then can use the omni channel approach to compete against amazon and use some of the technology enable ment that they're seeing blue apron happen i think sets blue apron off as a potential acquisition candidate for the off line players that want to get to scale and compete with amazon. >> the battle of giants continues. godzilla versus mothra we'll see where it goes from here good to see you both eric and david. >> thanks so much. >> we want to get a check of the mashlg markets. the nasdaq giving back gains from yesterday you see the tech stocks down 1%. the nasdaq as a whole down more than 1%. bank supz better than 2% the dow is down 56. >> in other tech news, it's been ten years since the iphone made

congress can determine -- we would prefer not to encourage that form of commerce. preferred that- commercial actors will promote their own products, rather than disparage others. under the first amendment we cannot prevent that kind of criticism, but we could discourage it. >> assume government speech itself is not involved. i was that they government tograms weren't subject extremely important constraints, they can make distinctions based on viewpoint. why isn't this doing exactly that? >> because it precludes disparagement -- it casts a wide net. >> that is true that it precludes disparagement of democrats and republicans alike and so on and so on. it makes on important distinction which is that you can say good things about a person or group, each gets a bad things about some person or group. -- for example, let's say i wanted a mark that expresses the idea that all politicians are corrupt. or just the democrats are corrupt. either way, it does not matter. i could not get that mark even i could get a mark saying that all politicians are virtuous, or all democrat

marks that the applicant is not the true owner because somebody was previously using the mark in commerce, those can't be registered either. >> each of those, and i know there are several. are related to the ultimate purpose of the trademark. which is to identify the source of a product. so every trademark makes that statement. now, what is -- that purpose or objective of trademark protection does this particular disparagement provision help along or further, and i'm thinking of the provision that says you can say something nice about a minority group but you can't say something bad about them. with all the -- i don't know the others. i don't know all but i know many of them. and i can relate that. you relate this. >> i think congress evidently concluded that disparaging trademarks would hinder commercial development in the following way. a trademark in and of itself is a source identifier. its function is to tell the public from whom do the services emanate. it is not expressive in its own right. it is certainly true that many commercial actors will attempt to devise trademarks that not

the e-commerce business has already been testing a grocery service, amazon fresh. and it's been experimenting with brick and mortar stores like amazon go that don't need cashiers. shares of whole foods soared, rising 29%. amazon was also higher. the rest of the supermarket industry felt pain. kroger's and other markets all tumb tumbled. sara eisen has more on the threat to the grocery industry. >> reporter: the grocery industry in the u.s. may be forever different. amazon's bid to buy whole foods sent stocks of grocery stores, from kroger to walmart, tumbling. why? amazon has deep pockets. that means it can lower prices of whole food's natural and organic food products, leaving other groceries no choice but to cut prices as well. lower prices might even make that organic food more accessible to a wirder customer base and steal customers. that's why the packaged food companies like hershey's also saw stocks fall on the news. amazon has a broad national reach through its prime program, prime fresh, prime pantry, and other lines that could help sell whole foods brande

the interstate commerce act and interstate commerce commission has been the model for all of the economic regulatory agencies at the federal level in our history. the aviation authority, which became the u.s. shipping commission, which became the u.s. federal maritime commission, the federal regulatory commission, and the fcc. theultimately get back to interstate commerce commission itself, which was the original repository for the first regulations of the magnetic spectrum that were enacted in the u.s.. i'm a cheerleader for the light regulation approach. thatorse the philosophy the temptation to look at the problems of a dynamic and quickly developing industry immediately applies to the structure of economic regulation as a way of anticipating and making sure future problems don't arise has largely been a fail. the interstate commerce commission no longer exist. and the not explored no longer exists. i believe it was eliminated about 10 years earlier. many respects a dubious and highly questionable industry and a failed system of regulation. i am a light touch regulator. i and a fan of

in that case the supreme court basically turned the commerce complawz to regulate are commerce betweenthe states and look four nations with indian tribes intone a all things that might affect commerce clause. very, very different. now, we can have a debate about whether that was a good idea as a matter of policy. but as a matter constitutional law this was a major change brought about entirely outside of any amendment process contemplated by pownsder or authorized by article five of the constitution. >> but it was a process that they -- court felt was a reaction to changing facts on the ground. >> yes. >> so you have a fixed text written in 1787 but you have facts that changed and if commerce changes as undoubtedly the nature of commerce changed dramatically in the 20th century with international economy and really making it hard to do something in one state with ripple effect somewhere else a proper basis for a constitutional interpretation. >> that is xect the argument that was made in that disand all subsequent cases following from that line including whether five years later. the p

greg: first the data is a commerce and enablement company.ur job is to allow businesses -- frank: first data is a commerce and enablement company. you see us an ounce our ability ally pay.te we are partners with everybody whether it be the, mastercard, amex, discover. we are bitcoin enabled in some applications where people want it. first data, we want to enable commerce at the point-of-sale whether online or physical. thate: the consumer isn't out of shape at the moment, but retail is not doing very well. consumers are buying other things how is that impacting your business? frank: we have spent a lot of time building out commerce to help retailers whether it be in the restaurant industry or in the fashion industry across the board. every vertical to be able to enable commerce all the way from the phone to the store, online, we have fabulous assets that help out clients -- help our clients interact with their clients. we are heavily motivated. vonnie: you didn't say which areas? frank: i think the best way to think about it is us and enablin

it's time to recapture our legacy as a nation of builders and to create new lanes of travel, commerce, and discovery and we're going to see all the way into the future. and the future's going to be beautiful and the future's going to be bright. in my campaign for president, i traveled all across the nation. i saw the crumbling infrastructure. i met with communities that were desperate for new roads and new bridge. i heard the pleas from voters who wanted to know why we could weuild in foreign countries, build in foreign countries, we spend trillions and trillions of dollars outside of our nation, but we can't build a road, a highway, a tunnel, a bridge in our own nation. and we watch everything falling into disrepair. it's time to rebuild our country, to bring back our jobs, to restore our dreams and, yes, it's time finally to put america first. and that's what i've been doing, if you haven't noticed. [applause] while the very early in the administration, i think everyone has noticed. right? we have noticed. the people are noticing. like they've never noticed before. we're already mak

it's time to recapture our legacy as a nation of builders and to create new lanes of travel, commerce and discovery and we're going to see all the way into the future and the future's going to be beautiful. and the future's going to be bright. in my campaign for president, i traveled all across the nation. i saw the crumbling infrastructure. i met with communities that were desperate for new roads and new bridges. ridges were so dangerous they couldn't use them. they were worried they'd fall down and you have seen that happen. and i heard the pleas from the voters who wanted to know why we could rebuild. foreign countries. my big thing. we build in foreign countries. we spend trillions and trillions of dollars outside of our nation. but we can't build a road, a highway, a tunnel, a bridge in our own nation. and we watch everything falling into disrepair. it's time to rebuild our country to bring back our jobs to restore our dreams and, yes, it's time finally to put america first and that's what i've been doing if you haven't noticed. [ applause ] while it's very early in the administr

through the united kingdom and thehat will change attitudes and commerce will change if the border is resurrected. vonnie: if there is no hard border, will everything be ok? george mitchell: you cannot say for sure but a much greater chance of it being ok. have gold to the middle east for many years. jared kushner has gone to the middle east to broker peaceful's to is there in the potential for some kind of agreement and our lifetime? george mitchell: yes, i think there is hope. there has to be hope. i commend the president for making the effort, and effort is very important. history tells us when there is no process, violence tends to increase. it is difficult but circumstances change. the middle east of today is not what it was six or seven years ago when i was there or 20 years ago. some changes have worked to the contrary. they create a situation in which an agreement is possible. i hope and pray that mr. kushner will be successful and it is important to have peace. it is not the middle east of last week in the sense of the qatar crisis and saudi successions. how does that change

the interstate commerce act and the interstate commerce commission has been the model for all of the economic regulatory agencies at the federal level in our history. am the civil aviation authority which became the civil aeronautics board, the federal maritime commission, the federal power commission which became the federal energy regulatory commission and the fcc which actually if you draw the line back from tight twol regslation you'll ultimately get back to i believe it was the interstate commerce commission which was the original repos tory of the electromagnetic spectrum enacted in the 1920s in the u.s. so i'm a cheerleader for the light regulation approach. and i endorse the philosophy that the temptation to look at the problems of a dynamic and quickly developing and to immediately apply the structure of economic regulation as a way of anticipating and making sure that future problems don't arise, has largely been a fail. the interstate commerce commission no longer exists. it was eliminated in 1996. and the civil air 0 taughtics board no longer exists. it was eliminated 10

that giant of asian online retail ali baba is set to invest one billion dollars in e-commerce company the value of the deal between the chinese e-commerce leader with the singapore base start up is around three point one five billion dollars it was not a group operates sites in south asian countries such as malaysia the philippines singapore and thailand this will speed up ali baba's future drive into the asian market taking its stake in listener from fifty one percent all the way up to eighty the takeover of e-commerce from brick and mortar stores online hinges a lot on payments infrastructure and transport of goods which lays out a relatively lax this particular geographic location. is among the fastest growing of this internet sector e-commerce preferences for shoppers is only around three percent currently but at six hundred thousand inhabitants are warming to that idea control of this fast growing startup which is basically a gateway to south southeast asia expansion makes it ali baba's largest overseas move to date. and it's a feud over memory japanese electronics and energy gia

this work is necessary to create an environment where trade and commerce can flourish and where citizens can prosper. i look forward to working with you to deepen the ties of both commerce and culture between our two countries. romanians have made contributions to the united states and to the world. very notable among them was nobel prize laureate elie weisel, who was born in romania and sadly passed away almost one year ago. i understand that earlier this week, the american jewish ommittee presented president iohannis with the very prestigious light unto the nations award for his work to further holocaust remembrance and education in romania. i join the a.j.c. in saluting your leadership in this vital cause. the people of romania have endured many, many hardships. but they have made a truly remarkable, historical journey. the future of romania and romania's relationship with the united states is very, very bright. president iohannis, i thank you for your leadership, i thank you again for being here today. i look forward to strengthening our alliance with your country and our bonds with

. >> walmart did, acquirining arod that platform, 63% growth in the first commerce on e-e-commerce saleand in store, it's helping. traffic up ten, 12 quarters in a row. it seems to be working. >> but jet.com is not selling to people, you know, on the snap program, is it? >> no, but ultimately, a lot of walmart is selling to people on the snap program. >> right. >> it's a huge part of the business. interesting thing here is $6 a month, $5.99, it's more than kosco's membership a year. you get more for it, movies, video, all of that, but interesting to watch to see how that customer does and whether it goes to, you know, too amazon for that. >> michael, you tilt more towards amazon, do you? >> i'm a believer in amazon's long term growth. i think this is a, you know, the move to offer a lower price prime membership is just another part of amazon's strategy to roll out prime to as many households as possible. you know, i think from an e-commerce perspective, amazon has advantages over walmart. one is there's a vast, vast online audience, probably the second biggest online audience relative t

e-commerce still only about 20% of commerce. long-term runway for growth, it's got to be amazon.ite the high valuation, we continue to hold it. >> guys, i have people worry about the economy. people worry about the economy but the economy. i think that's a nice tail wind for tech right now. >> how the rest of the year develops as it regards tech. for the latest binge, we sat down with alan alda, six-time emmy winner with "m.a.s.h." and "west wing." to this day "m.a.s.h." is the all-time watched season finale of all time. >> probably would only be shown on the web because then you could do it with the real language that people would use and people really torn to pieces. we first did the first episode they said don't go into the operating room. keep it funny. and we had to put a red light in the operating room so you couldn't see blood, in the first episode. after that, we had more power. >> that was a sneak peek. we'll have a lot more of a conversation with alda next week, talking about "horace and peak" where you pay individually for episodes, whether that model could work on bra

but that's more in the purview of the commerce department. the treasury secretary and the finance minister in canada, they say they'rhere my it's goodwill, listening to one another as well as canadian business leaders about what kind of an environment allows business to continue and trade to continue flowing across border, because when you think about the supply chain and the different interconnections between canadian and u.s. businesses, it's something you don't want to upset. back to you. trish: adam shapiro, thank you very much. i would just add that the reason why canada has become such an issue is, don't forget, wilbur ross making the point -- our commerce secretary -- that canada's sending all this lumber to the united states of america, and it's an industry in canada that is completely supported by the government. thus, they can sell things -- lumber -- more cheaply into the u.s., and it puts us at a disadvantage, right? because we're not subsidizing our industry the way they are. so one would think some of these trade issues might co

we are not an e-commerce company. we help others to become e-commerce.believe every company can be amazon. juliette: that is your bloomberg business flash. thanks very much, juliette saly out of hong kong. prime minister theresa may will publish a legislative program heavy on brexit in the queens speech shorn of had entry unlikely to be light on domestic controversy. westminster.is in what will we hear about brexit, and just to clarify for those who are not from the u.k., this is a speech from theresa may at the queen simply reads out. is that the case? yes, that is exactly right. the queen reads it, but the government rights it. that is essentially what we are talking about. theresa may that she will respond with humility and resolved to the results of the most recent election. it's the first big test of her conservative minority government. there could be clues as to how big is -- how ambitious her plans are. in order to be sure the queens speech will be passed by a vote in the comments next week, that's the timeline here. 11:30 we get the queen delive

served onguest has the energy and commerce committee. senator peter welch, thank you for joining us. for the rest of our program, we will have open phones. phone lines on your screen. >> live sunday at noon eastern time, history professor her boy guest.erb boyd is our you look at the 1863 draft riots. there is a nice comparison there between what was happening in new york in what was happening in detroit. it was all for the same reasons. we are talking about the black and irish communities at each other's throats over jobs and housing. in 1943, you had one in harlem in 1943. almost the same kind of conditions you see in each case created that. >> the writer of the book "by any means necessary" and black detroit. >> they could all live right next to each other and benefit. the amalgamation was going on at times. there was the opportunity to have contact with people of another class. that was the beginning, the melding of the black middle class in detroit. >> join us for our life conversation with mr. boyd through calls, and social media m

>> they like what they are seeing e-commerce. they think the strategies really paying off. he said it is not all about amazon, amazon does not have to fail for walmart to succeed. almost as important as walmart are other retailers that may need to see that this creates opportunity for walmart if they are doing poorly. theylked about making sure are cleaner, better organized, higher in stock, which makes all sales of walmart as well. they still want to see traffic increasing in stores and sales increasing. >> and as much as they have come along the last 12 months, there are still headwinds. what did they say about those? >> or are headwinds facing walmart, and other things analysts have brought up with us is that there are other big price cutters who are entering the market, especially here in the u.s.. aldi, a germants grocery store is planning on expanding. and walmart thought when they enter the u.k. market, they took market share away from walmart up overart was acting in the u.k.. investor wants to know what this will be doing to tackle that headwind as it comes along.

the deal was announced by commerce secretary ross and it calls for mexico to export a smaller portion of refined sugar and a larger proportion of raw sugar to the u.s. u.s. producers have not endorsed the agreement and in a statement, they expressed concern that the deal contains a major loophole. >>> the companies that transport crude around the world are hitting some rough seas. tanker industry profits are getting squeezed as a result of good old supply and demand. and as morgan brennan tells us, it's not clear when the tide might turn. >> reporter: this is the largest oil tanker ever to call on a gulf of mexico port. it did so recently in texas. a test by occidental petroleum to see if the shale producer can more directly load its crude onto ships destined for asia. this comes at a time when oil shippers are destined for new markets. it's treaded water amid opec cuts. at the same time, dozens of new tankers ordered years ago during the oil glut are now being delivered. >> the reason for the market challenges is mainly on the supply side, meaning there's too many ships relative to t

just like the commerce committee is working on energy reform. just like judiciary committee is working on immigration reform. >> ryan's plan is similar to the president's in that it proposes the number of tax brackets from seven to three. he also wanted to eliminate itemized reductions. which ryan says means any federal deductions for state and let's stop masking profligate governments. stop disguising the inefficiencies of some of these state governments. >> that deduction largely taken by those living in high income high tax states like new york and california. states that overwhelmingly vote democrat. for "nightly business report" in washington, d.c., i'm brian sullivan. >> meanwhile, republican senators are raising against the clock on their own on health care and today, they promised to release their bill on thursday. the goal is to produce and vote on a health care bill before congress leaves for its traditional july 4th re. >> seth:. kayla has the progress and sticking points. >> after weeks of deal making, mitch mcconnell e the wraps off

the commerce committee has been active on aviation security. last congress the committee passed the most comprehensive reforms to tsa in a decade and the faa extension safety and security act of 2016 which addressed the challenges posed by unauthorized access to secure areas of airports, expanded access to tsa precheck and attempted to optimize check point operations. erm yer this year however the commerce committee held an oversight hearing in which dhs attorney general testified challenges still remain with regard to many of the issues. inspector general ross indicated these challenges include vulnerabilities relating to vetting of employees, eninsuring only cleared employees have access to secured areas and the troubling of issue of lost or stolen badges. i hope the admiral will make progress in addressing these issues. always the committee continues to work with tsa to improve aviation security it is important to incorporate the perspective of stakeholders. commerce committee held a hearing to highlight stakeholder perspective. one of the m

one of our common priorities will be the development of trade commerce, -- trade, commerce, and investment links. and, in the technology, innovation, and knowledge economy sectors, the expansion and deepening of cooperation is also in our priorities. towards this end, we shall take steps to further strengthen our successful digital partnership. friends, we're not just partners by chance. we are also partners in dealing with current and future challenges that we may be faced with. today, during our meeting, we discussed the serious challenges of terrorism, extremism, and radicalization, which are the major challenges facing the world today. we have agreed to enhance our cooperation in fighting against these scourges. fighting terrorism and doing away with the safe shelter of sanctuaries and safe havens will be an important part of our operation. with respect to our common concerns on terrorism, we will also enhance our sharing of intelligence and exchanges of information to deepen and expand our policy coordination as far as possible. we also talked at length about the increasing instabilit