but duke energy and the dominion who have been behind the program have decided to walk away after pressure from environmentalists and after regulatory hurdles. a $9.7 billion deal debt gave way. significant maneuvering around this deal. also it has meant that pipeline projects across the united states p in the past decade have come against significant opposition, trying to unlock the dividends from the fracking boon, but you've seen environmental activists, native american groups, and land owners themselves. it's the latest blow to pipeline projects. meantime big tech in silicon valley face opposition from the european commission. she's gone after big tech companies before, but the latest, the likes of alphabet, google, facebook could face new complex laws designed to akle their market dominance and get them to pay more tax, also demand more responsibility for responsibility for content. they'll draft the new laws but the history has been they've come up with an anti-trust fine against google in the cost, demanded apple pay back taxes also the european data regulation designed here. so cle

you know it let's move on to dominion and duke energy if you read their press releases are working on an awesome. line that will carry radical all frac to gas across thousands of miles occasionally causing totally because i cancer in a certain percentage of the mad cool young population by destroying their vicious we water supply sounds pretty trivial or doesn't the pipeline would run underneath parts of virginia west virginia and north carolina but just this week horrible news has hit the community of of of poor defenseless billionaire investors who get rich by swiss cheese in america with a form of fuel that is killing everything we know and then some and those investors are really great people so this is like a super sad story. why i'm sure they're nice and they probably have great or d'oeuvres at their i've body paint sex parties that are free and open to all kinds of folks women who are really rich men who are really rich that's pretty much it. anyway the horrible those is the developers of the atlantic coast pipeline are giving up saying on sunday that the pending lawsuits and t

costs are making it impossible to proceed this is disgusting poor developers like to binion and duke energy that that that that barely have 6 billions of dollars to their names are forced to compete with upwards of dozens of devoted protesters who have somehow become brainwashed into believing that killing humanity's ability to live on this planet. is a bad thing. where they're getting their crazy ideas anyway in this case they seem to be they seem to have won by by slowing down the building of the pipeline they have held off the project long enough that it was no longer financially viable one can only hope they don't use this victory as an example that could be replicated in other pipeline battles he's we can only hope they stop being stupid awesome people make me look bad. but it actually gets even worse a judge has ordered the shutdown of the dakota access pipeline as well we can only pray that more pipelines don't get stopped thereby forcing the rest of us to tend to keep. on living further eggs 3 years when we could be doing what we really love which is guys much sooner from atmospheri

and natural gas pipeline goes dry, duke energy and dominion energy canceling the atlantic pipeline.ng on a big deal, the company reportedly agreeing to buy postmates for more than $2.6 billion. plus, how the coronavirus is changing the dating world. more people looking for love online. "mornings with maria" is live now. there are gains in england, france and germany, more than 1.5%. the louvre is reopening today and pubs in the u.k. welcoming people back over the weekend. optimism there. and in asia overnight, where markets had a strong rally across the board, china's state run media saying that the country needs a bull market to build strength as its capital markets are undergoing reforms to attract money from home and abroad. shanghai composite up nearly 6%. joining the conversation all morning long, allie mccartney, john lonski and lee carter. we'll see you shortly. we move on to the 4th of july weekend. marked by violence in major u.s. cities. cheryl casone has details along with other top stories we're watching this morning. cheryl: good morning again. chicago alone, at least 7

march amid that deal, dominion is pulling the plug on its atlantic coast pipeline project with duke energy and uber reached a deal to buy post mates the 2.65 billion dollars deal will be announced as soon as today. reports of the potential union first surfaced last week after uber failed in a bid earlier this year to acquire rival food delivery company grub hub. back to you. >> everybody trying to catch door dash there. let's turn back to the markets as wall street looks to build on last week's momentum despite the concerns surrounding the coronavirus. do you feel comfortable right now given what you have seen >> i haven't been comfortable in 25 years there's nothing to be comfortable about. you have to be aware that at any point you could have a pull back in the marketplace. so one of the things that i have been talking to investors about is convertible securities which is the midway point we inquirity exposure and not taking as much risk in the underlying equity. >> so i want to stop there because we're talking about convertible bonds. convertible bonds just for those -- we know many vie

. >> woodruff: duke energy and dominion energy >> woodruff: meanwhile, duke energy and dominion energy announcethey are canceling development of the $8 billion atlantic coast natural gas pipeline, a multi-state project, over delays and cost uncertainty. that decision comes despite a recent supreme court victory over a key permit. stocks soared on wall street today, boos sted by major ga the technology sector. thjones industrial average climbed 459 points to close at 26,287. the nasdaq rose 22 the s&p 500 adarly 50. at least eight people are de after two small planes collided in northern idaho. the crash happened sunday afternoon over lake coeur d' alene. dive crews located the wreckage in about 125 feet of water. among the victims.n were there's no word yet on the cause. the white woman at the center of a viral confrontation with a black man in central park was charged today with filing a false report. amy cooper drew widespread condemnation after she called 911 and claimed that bird watcher christian cooper yhreatened her, after he cal asked her to leash her dog as required. she was o

plus, we will look at duke and dominion energy's decision to cancel plans to build the atlantic coast pipeline after years of protests. then we go inside the privately-owned otay mesa detention center in california to speak with a longtime u.s. resident who has helped lead two hunger strikes to protest dire condnditions and a deadly covid9 outbreak at the jail. disaster.in a the condition is still dire. the amount of detainees that have been infected with positive 250 at otay mesa is around detainees. they still have not than anything to mitigate the situation. amy: all that and more, coming up. welcome toto democracy now!, democracynow.org, ththe quarante report. i'm amy goodman. in a major victory for the standing rock sioux tribibe and indigenous and environmental activists, a judge has ordered the dakota access pipeline be shut down n and emptied of all l in the next 30 days pending an enviroronmental review. u.u. district t court judge jams boasberg said the e u.s. army corps of engineers had violated environmental law when it granted a pepermit for the pipeline without an extens

come from a court heard judge wright right actually with the atlantic coast pipeline companies duke energy s and dominion. decided to cancel the pipeline. and one of the things that we celebrated was the fact that it was it was done in this way we didn't have to go through the expensive and legal legal battles that joy just described we actually. in many ways here on the east of the efforts to run pipelines then to have other toxic waste released into our waters. sometimes we feel like it's invisible and so part of our work was to make the visit the invisible visible by bringing attention to what was happening in terms of the. children have a disproportionate impact in in our indigenous communities we had 4 tribes the lumbee the co hari the heroine and how was supposed to who were directly owned this pipeline and at the time that it was announced there was no awareness that this was happening there had been no consultation there had not even been any conversations with the tribal community so we were afraid facing some of the very same problems that you've just heard described in fact at o

now they carry 18% dominion is canceling the pipeline project with duke energy that's a big deal. $8 billion project they've been working on since 2014 joining us is rob. i know you didn't have any dominion energy shares, but you do say that this strategy, their move to kind of become a pure play utility that's regulated is kind of in keeping with your own kind of series of what you're thinking is that true >> well, electric utilities, becky, are moving towards electrification model where electricity demand globally is increasing utilities in general are trying to become the pure play, playing that electricity theme this move by dominion allows them to be a more pure play electric company basically >> what do you think is the future of natural gas transmission lines, pipeline is this a good buy for berkshire? >> yeah. that's the interesting part here i think this transaction by berkshire, natural gas is a fuel for the future we think that we are in an energy transition but natural gas can play a critical role you can buy natural gas and renewables going forward the world can produc

dominion and duke energy have canceled the building of their pipeline.for environmentalists who have opposed this conduit. this was supposed to carry natural gas through west virginia, virginia, north carolina. berkshire hathaway is buying the natural gas assets from dominion increasing its footprint in that business. the deal needs regulatory approval. this is berkshire hathaway's first big deal since the pandemic started. this will grow berkshire hathaway's business adding 7700 miles of natural gas storage and transmission pipeline. >>> still ahead. she's been accused of luring victims to jeffrey epstein and also abusing them herself so how did ghislaine maxwell end up on a thrown at buckingham palace? new questions for the royal family. listerine® cleans virtually 100%. helping to prevent gum disease and bad breath. never settle for 25%. always go for 100. bring out the bold™ hey it's me, lily from at&t. i'm back working from home and here to help. hey lily, i'm hearing a lot about 5g. should i be getting excited? depends. are you gonna want faster sp

here is the energy secretary earlier. >> the decision by duke and dominion however is very disappointingyou if anyone could have made it happen probably these two companies. they are led by some of the smartest ejoe's in ceos in the utility. the lost opportunity and number of jobs created in places like west virginia, ohio, virginia, and north carolina. lauren: such concerns doinged other high-profile pipelines including the dakota access pipeline. a judge ruling today, it must within 30 days empty and shut down. it ran from the bakken area to an oil terminal in illinois. so that must sais by early august. this ironically, cheryl could be a silver lining for mr. buffett, believe it or not as new pipelines face regulatory hurdles and issues that might make existing pipelines more valuable. that is where his 137 billion-dollars in cash and his reputation to make a fast deal come in handy with each acquisition, cheryl. cheryl: he might have made a good one. lauren simonetti thank you very much. during the pandemic, check out amazon, the online retail giant crossing $3,000 per share for the

dominion and duke energy are abandoning an atlantic coast pipeline project next up, sally beauty. a beauty products retailer and wholesaler reporting june sales at most of its stores in u.s. and canada and europe are open and they are seeing strong demand right now then there's nio, the chinese electric car maker continuing to soar after reporting record sales in june. the stock is up 60% in just the past week and it's nearing an all time high set during its first week of going public that was two years ago, kelly. >> that's been a big mover las vegas casinos are open for business but will they stay that way. the governor saying if rules aren't followed, another shut down could be in the cards power lunch will be right back dear fellow business leaders and technologists, i see all the amazing things you have been doing. you are transforming business models, and virtualizing workforces overnight. because so much of that relies on financing, we have committed two billion dollars to relieve the pressure on your business. as you adapt and transform, we're here with the people, financi

dominion and its partner duke energy are scrapping their atlantic coast pipeline because of ongoing postponementsoverruns. this is the biggest deal in four years. i'm not sure it qualifies as elephant size. you talk about this $10 billion valuations. berkshire is sell shelling out $4 billion in cash and assuming cash lion of dominion's debt and it does move the needle on birk berkshire's revenue holding. only 43% of its profits in those sectors and in the 2019 report, buffett called energy one of the lead dogs of its non-insurance business. railroad and energy, burlington have a bigger impact on berkshire's bottom line. energy, 8.1% of revenue but 14.4% of its profit. so to the rest of the market, guy, this is confirmation that the energy sector is june valued. berkshire striking when natural gas prices is bumping on to the bottom. still kind of in that range from last month. guy? guy: scarlet, thank you very much indeed. coming up, states that have reopened. we'll talk about that next. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson with kailey leinz in new york. this is bloomberg marke

if the ruling comes just one day after duke energy announced that they will scrap plans for the atlanticeline siting delays and uncertainty. if other setbacks for white house focused on increased u.s.-based oil production. the appointee del michae seekiny legal relief at the court of appeals with the supreme court behind me. bret. >> bret: thank you. if there's a push here in washington to rename the city's nfl teams. it's been around for a while, but now it's gaining steam and the person and charges indicating that he will at least consider it. fox business correspondent hillary reports tonight. >> washington redskins one or dan snyder was promised never to cave to political pressure to ditch their terms a red skin. but today, things are different and rebranding the washington team might not come down to politics but dollars and cents. >> there trying to hit things where it would potentially hurt and that's in the bank pocket. >> at the team's corporate sponsors walked away like pepsico, bank of america, nike, fedex who all support the name change after facing pressure from investment f

duke energy and dominion energy have canceled plans to build the atlantic coast pipeline, in a major victory for indigenous and environmental activists who have opposed the project since it was announced in 2014. the 600-mile pipeline would have carried fracked gas from west virginia to north carolina, passing under the appalachian trail in virginia's george washington national forest. and those are some of the headlines. this is demomocracy now!,, democracynow.org, the quarantine report. i'm amy goodman. as many mark this fourth of july weekend by staying homee to stop the growing spread of covid-19 president donald trump hosted two back-to-back events in south dakota and at the white house over the weekend, where he stoked racial divisions, attacked black lives matter protesters, defended statues of colonizers and white supremacacists, and f falsely claiaimed that 99%9% of cocorons cases in the uniteted statates e "harmlesess." despite the warnings of public health officicials and a u.s. death toll o of nearly 13030,00, few worere masks at the trump events. at mount rushmore, a cro

thank you. >>> after delays and legal battles, dominion energy and duke energy are calling it quits ont pipeline. dominion energy energy secretary dan brew let is with us. ohio, ag, dave yost is on the show next he is planning to take gm to court if the state doesn't get its money back. by the way, car dealerships are extending their 4th of july sales as desperation to ship inventory kicks in. jeff flock is in auto dealership in chester, indiana, next. we'll see what kind of deals jeff is finding. second hour of "varney & company" is just getting started. ♪ polo! marco...! polo! sì? marco...! polo! scusa? marco...! polo! ma io sono marco polo, ma playing "marco polo" with marco polo? surprising. ragazzini, io sono marco polo. sì, sono qui what's not surprising? geico helping you save even more on car and motorcycle insurance. ahhh... polo. marco...! polo! now get an extra 15% credit when you switch before october 7th. iredefined the wordng th'school' this year. now get an extra 15% credit it's why, at xfinity, we're committed to helping kids keep learning through the summer. and help c

but you see the handwriting is on the wall when a company like dominion power and duke energy both dumpedtlantic coast pipeline and dominion sold all their oil and gas assets to warren buffett. so i think the utilities see that this is not the future. the question is how do we make that transition? how do we bridge from gas. we're phasing out coal and phasing out some of the dirtier fossil fuels, but we're going to have to make a transition. the sooner we can get there, the better, because it gets us off these dirty fuels and it helps our economy grow in ways that will benefit us in the long run. electrified will be much better off come 2030, 2035, 2040. the sooner we can get there, the better. >> monica medina is the former deputy administrator of the national oceanic and atmospheric administration and the founder and publisher of "our daily planet" which is a didngood acc for you to follow. that does it for me tonight. my colleague, joshua johnson, picks up our coverage after a quick break. s up our coverage a quick break. a lot of figh you. and you're in a special position to help us f

dominion and its partner duke energy are closing the pipeline, citing costs. do a quick check on the markets again. china markets very much in focus, but it is a global story we are seeing in the region with this risk rally continuing on monday morning. we are close up to 1% on the mci asia pacific. he are seeing u.s. futures up by 0.3%, nifty futures pointing to a positive open today as well. story isr weakness propelling things higher today. let's see what else we are looking at. the australian dollar also. it should not be overshadowed right now by what we have seen in the virus cases in the u.s.. there is some improvement helping to offset the negative news in australia, with parts of melbourne under lockdown. the kiwi heading higher by 0.25%. the strength in the rupee and taiwanese dollar as well. we are watching bonds. we have money going to stocks and out of sovereigns here with the u.s. 10 year yield up two basis points. the australian 10 year up three basis points, now that yields are getting ready for the bond issuance. the chinese 10 year yield, 2.9

dominion says it and partner duke energy are killing the controversial atlantic coast gas pipeline citingy. china's state-controlled parent citic securities njp financial are denying they have held talks about a merger. it comes after reports china's biggest investment bank's were planning to create a powerhouse brokerage to rival wall street. the statements released to the shanghai stock exchange say no discussions have taken place. let's take a look at how markets are faring in tokyo. move to the upside from the nikkei 225, led higher by tokyo electronics. we are seeing to a pharma under pressure with a loss of 1.4% in tokyo. move to the upside for the kospi as we digest the latest roadmaps for korea's efforts to recover from the virus impact. in sydney, we are seeing the asx 200 snap a four day game. keeping above the 6000 level. kiwi stocks edging higher by 0.3%. let's check on currencies. the bloomberg dollar index on the back foot after its worst week in a month. we do have the japanese yen holding steady. the offshore yuan is holding its 7.07. as well, below and the aussie dollar a

ashley: well, that was energy secretary brouillette talking about duke and dominion energy scrappingnorth dakota senator john hoeven. senator, thank you for joining us. you too had a big energy setback, did you not? >> good to be with you. the dakota access pipeline, 570,000 barrels a day of light sweet crude moved from north dakota, much of which goes to the east coast there, and if they don't get that light sweet crude from us, they have to get it from opec, from offshore. so this decision by the judge to actually shut down the pipeline while there's an additional environmental review not only is bad for our state and really hurts all these companies out here and employment but it's bad for the country. ashley: also, you know, to the point that the energy secretary made, certainly it's lost jobs but also, it can make energy more expensive. those are the types of things that never get talked about. it's easy to file a lawsuit to block something but in the end, the ripple effect is quite significant. >> right. remember when you increase that transportation cost, it increases costs to

dominion, energy and duke and intel among the red squares at the open intel cut to sell at goldman, davidhey see second half pc and movevertical on chips and maybe more share loss. >> that was an interesting call this morning and we can see, i mean, not much of a give up there for the stock. and i know a number of our experts in technology did focus on that story as being one of the larger ones in technology last week. of course, another story we have been following closely is facebook and the advertisers who have at least paused at this point their advertising on the platform and, yet, stock really did back off for one day, but i'm looking at it today and, of course, performing not quite as well in this first couple of minutes of the market's open as alphabet or apple or amazon or even the nasdaq comp. but it is up, as well as facebook in the face of those continued, carl, well, defections at least for now of major brand names but seemingly not impacting the core of facebook's advertising which is direct response with small and medium-sized businesses that really do rely on it for their

the energy on matters of course of its history of this region periodically belong to denmark why were the danes so interested in it this lot it's often happened that the duke of chalets vic was also the king of denmark which meant that from the danish perspective of this region was always a part of denmark. under the dukes was officially a danish fief but they were increasingly pushing for their sovereignty so what we sort of put in simple terms was a centuries long back and forth about whether this region belonged to the german empire or to denmark. this stately baroque garden also belongs to the council it was commissioned by duke frederick the 3rd in 1637. here we find the got off below the old historical house was replaced with this modern building the purpose of which is to keep a technical masterpiece. the globe is 3 meters in diameter and the outside depicts the earth's surface. on the inside there's a map of the stars and a depiction of how people in the 17th century view this guy about. the gods of globe is known as the world's 1st planetarium. this one's a copy of the original was taken to st petersburg by a russian tsar. before my visit to the c

here is what energy secretary dan brouillette said on this program. >> the decision by duke and dominioninting because it is such a lot of opportunity. that is a lot of opportunity because of number of jobs that would have been created in places like west virginia, pennsylvania, ohio, virginia, and north carolina. the other lost open student here is lower energy costs for all residents in north carolina. ashley: well the keystone xl also facing delays but our next guest says all of this will not hurt production. the u.s. will remain energy dominant. he will lay out his case next. ♪ about medicare and 65, ysupplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what