and secretary elaine chao will join us as well on the second hour.kelly. >> thank you, wibill. >>> after a record breaking week on wall street, today the dow dropping 20 points on the bell. we had slight declines throughout the day but they did intense by a little bit on the close for a drop of about a tenth of a percent. that's true for the s&p as well. as for the nasdaq, the drop a little more than that, 6295 and change and the small cap russells today at a close of 1396. the russell not to take out their prior record highs that were set this year. in the wake of the london bridge attack this weekend, facebook says it wants to be a hostile environment for terrorists. we'll talk about silicon valley's role in combatting terrorism with former chief technology officer of the united states, anearby chopra. we'll join us later this hour. joining us, michael, sarah and liz. there's a lot of factors you could point out. the term you've used about the irk aruss rally. how do you think? >> the resilience of the market as people perceive it to be basically i

by transportation secretary elaine chao and house transportation committee chair bill shuster of pennsylvania. this is half an hour. >> ladies and gentlemen, former .ecretary of transportation [applause] >> ladies and gentlemen, the vice president of the united states accompanied by the secretary of transportation. [applause] leader, chairman, senator cruz, distinguished honoredof congress, guests, on behalf of the first family, welcome to the white house. [applause] and thanks to the leadership of donald trump, welcome erahe beginning of a new for american infrastructure. [applause] since the first day of this administration, president trump been working tirelessly to keep the promises that he made to the american people. our president's been putting jobs and this economy first, rolling back excessive regulations, unleashing american energy, ending unfair trade workings, and he's been with congress to repeal and re place obamacare. and thanks to president donald back. america is [applause] growing businesses are and investing in america again. more than 600,000 private sector created under t

senth elaine chao on your screen. -- that's secretary elaine chao on your screen. she'll introduce president trump for the infrastructure discussion this morning. secretary chao: thank you for being so patient. it's been an incredible day so far and it will be an incredible day when you see our special guest. i'm delighted to welcome all of you at the very special event at the department of transportation. as you can see we have a very special guest here today. the president of the united states, donald trump, and the secretary of the interior, ryan zinkey -- ryan zinke, and i'm so slighted to see so many members of congress here, a special, special thanks to chairman shuster and all the other distinguished members of congress for coming today. d let me give a shout out to director gary cohn and other senior advisors to the president who are joining us as well. it is an honor and delight for the department of transportation to host all of you. now both president trump and secretary zinc and i have just participated in a round table with state department of transport

elaine chao on the future of the federal aviation administration and the control system. other topics in include airline customers and service, drone technology and the implementation of the faa's next generation air transportation system known as next gen. the senate commerce

and he and secretary elaine chao and tomorrow, the tomorrow will have the roads and announcement after the infrastructure. people should tune into large head, because it affects every single person in this country as they try to move from point a to point b, and the more seamless place away. >> martha: before he let you go, the president said he was under siege. what is the total due at the white house in terms of how to deal with what is simply not going away anytime soon? >> we are dealing with the agenda. i am just one person there. i was in six different policy meetings today including a few with him. a few with the vice president. so we are plotting forward, and in addition, the other items are the budget, spending, and certainly tax reform. you have heard secretary, and today up at the principals out there, by law the senate has to score through the cbo, and its plan before you go forward with the health care plan before you go forward, tax plan, this calendar year, possibly after the august recess, i don't think the calendar is as important as the principles laid out. >> martha:

transportation secretary elaine chao talked about infrastructures for spending and the privatization of the air traffic control system. this committee meeting runs two hours.

today, the president of the united states, donald trump. >> but for secretary of transportation elaine chao immigrant to becoming a member of president trump's cabinet. that's one of the reasons chao made dana bash's list. >> reporter: so you went to mt. holyoke, a women's college. >> because we thought that was the best place for a young girl to be. little did i know then there would be weekend dating situations. >> how did that go? >> i never dated in my whole entire life, never went to senior prom, junior prom. >> reporter: that makes me sad. >> oh, that's okay. i didn't understand the significance of it. i didn't under so many things. >> reporter: after college it was harvard business school for what she thought would be a career in banking until she got a white house fellowship in 1983 during the reagan administration. >> as i'm doing research trying to help contribute to the writing of his speech when i was a white house fellow, like the bell went off, hey, i believe in all this stuff. i'm actually a republican. >> reporter: chao steadily climbed the gop ranks with an appointment to t

senth elaine chao on your screen. -- that's secretary elaine chao on your screen. she'll introduce president trump for the infrastructure discussion this morning. secretary chao: thank you for being so patient. it's been an incredible day so far and it will be an incredible day when you see our special guest. i'm delighted to welcome all of you at the very special event at the department of an

i want welcome elaine chao back today. we are working hard on a bipartisan basis to produce a bill ropefully during the work period and we appreciate the administration's end in gagement. already this year, the committee has held hearing on a range of topics. >> one of the key governance issues we have not focused on this year which has been discussed over the last two years and commonly occurs in other parts of the world whether the united states should separate the provider function from the faa create a nongovernmental not for profit to do the job. outside auditors have ding the government's performance. >> this week the president used to join the proponents of significant reform. the president has challenged congress. and it is hard to ignore the many independent studies and reviews that document the flaws with the current structure and look forward on the merits as well as ways the administration will seek to address concerns at key stakeholders with the rural perspective. while reform has garnered the attention this

but i especially want to thank secretary elaine chao, leader kevin mccarthy -- thank you, kevin -- chairman bill shuster -- thank you very much, bill -- and all the members of congress, many of them here today, for joining us as we prepare to enter a great new era in american aviation. [applause] it's about time, too. i can tell you. but before discussing our plans to modernize air travel, i want to provide an update on our efforts to fix and modernize vital services for our veterans, our great, great veterans who we all love. for decades the federal government has struggled to accomplish something that should be very, very simple, seamlessly transferring a veteran's medical records from the defense department to the veterans groups and to the v.a. in recent years it has taken not just days or weeks but many months for the records to follow the veteran. this has caused massive problems for our veterans. i'm very proud to say that we are finally taking steps to solve the situation once and for all. secretary shulkin announced this morning that the v.a. will announce and modernize its medical

was secretary elaine chao, another member of the president's cabinet will be speaking tomorrow.t ain for steven mnuchin 7:00 a.m. hour. from new york this is bloomberg. scrubbing how recent market moves have affected the sectors in the s&p 500. this is the relative rotation graph. i want to start with the leading quadrant. they are leading the market and not surprisingly on a they were the nasdaq is outperforming the index, it is far and away the leading sector here. we also have four other sectors. consumer staples and discretionary. what has been weakening is financials. you can see other sectors including telecoms and energy companies. you have a story of growth tromping value. this plays out over the last 12 weeks, which is the equivalent of a quarter. we have real estate, real estate investment trust. and industrials as well. notable for many sectors, almost half of the s&p 500 in the leading sector as the s&p 500 continues to hover around record highs. >> we have also seen rotation into other parts of the world. if you look at the chart behind me, the yellow, china the whi

that's elaine chao, her opening testimony. secretary chao: here before you today to discuss the president's budget. i'm actually 20 seconds ahead of time. i will be more than glad to answer your question. >> we try to keep on time here. by the way, so we will proceed with the five-minute rounds. i want to thank the members of the

secretary for transportation, elaine chao.g on here with big representation from the u.s. you are 120 days into your office. >> just barely. around,ave traveled what brings you to paris and what message do you bring with you? is theparis air show longest and largest display of aviation aircraft. it's an important market for the american economy. the american aerospace industry as a sector is the second largest export sector in our country. it has a value of $146 billion and create well over 2.5 million jobs for good paying american jobs for american workers. president wants to transform the u.s. in terms of the way the infrastructure works. one of the key planks is air traffic control. it's your job to figure out how to reform this. how do you make it work from an operational point of view? >> this is a very serious issue. experiencedho has delays and congestions, they know why. the president has made a historic decision to separate air traffic control from the government. is two parts, faa it has the air traffic control regul

that's elaine chao, her opening testimony. secretary chao: here before you today to discuss the president's budget. i'm actually 20 seconds ahead of time. i will be more than glad to answer your question. >> we try to keep on time here. by the way, so we will proceed with the five-minute rounds. i want to thank the members of the subcommittee for their -- we're pretty strict here, madam speaker, in trying to keep to the time. mr. diaz-balart: i get a lot of help from the subcommittee chairman in doing so. with that, madam secretary, as i mentioned in my opening remarks, i have drawn a very bright line to really my opposition to transferring air traffic control system in essence what is a corporate monopoly. it will remain a monopoly. the question is who will run it? i'm opened to finding ways to improve how f.a.a. makes investments and i'll work with you on suggestions how i can do my job or our job better. we're always subject to doing a better job. e problem, though, is that rhyme' concerned that the budget would reduce the

by transportation secretary elaine chao and house transportation committee chair bill shuster of pennsylvania. this is half an hour. >> ladies and gentlemen, former .ecretary of transportation [applause]

transportation secretary elaine chao talked about infrastructures for spending and the privatization of the air traffic control system. this committee meeting runs two hours. the subcommittee -- drugs the subcommittee will come to order. i know a lot of our minds are elsewhere because of the incident yesterday at the base of field. all of us are praying for obviously the whip mr. scalise, the two brave officers that were ofured along with the member the staff, and a former member of the staff who were injured so do not forget them and we do not forget them and we wish their full recoveries. with that, this morning we welcome secretary chao to testify for the fiscal year 2018 department of transportation. i don't have to tell it have you that secretary chao comes to this edition with one of the most impressive records of public service that anyone will ever seen. having served as chair of the maritime commission, the deputy secretary of the department of transportation, director of the peace corps, secretary of the department of labor, not to leadershipumber of positions in the privat

transportation secretary elaine chao has spoken about privatizing more airports.hy not take it a step further and not only allow increase of the fee but allow airports to operate privately because the once around new york, they suck. >> well, you know, the democrat came to me and wanted to raise the cap from $4.50 to $8.50. i said i can't be for raising anything, i want to get rid of the cap and let them compete. that's the wait airports generate revenue. you would see more competition between airlines because it would diminish their monopoly on air travel, and i think you'd see tickets go down, the price of tickets. >> i hope so. >> that would be awesome. kennedy: i want us to all be flying on completely green solar-powered planes and first class with lie-flatbeds and a cabin full of servants. is that dreaming too big, congressman? >> way too big there, kennedy. kennedy: fair enough. well, enjoy the president on his visit to kentucky. will you be joining him on the excursion tomorrow? >> i have votes here tomorrow, and i take my obligation to votes seriously. he'

we just heard from transportation secretary elaine chao. it was infrastructure week.ing about how we will be the in be of the world or it i am wondering what we will hear that we did not already know from the campaign trail. thing president trump introduced this week was a plan to privatize the air traffic control system. it is not clear where that is going to go. fake series of promises the president made during the campaign, including spending $1 trillion on infrastructure funded by public-private partnerships. on thatot get details this week. this week was overshadowed by testimony of james on capitol hill in yesterday with a series of long shell accusations. mark: let's talk about it. it was a big event. he was neither exonerated or convict it. where does that leave the trump agenda? >> the agenda right now on capitol hill, republicans on capitol hill responded the way they have with every one of these controversies. they just shrugged it off and said we will keep doing our work and not let it get in the way. that is easier said and done. oxygen andngs need time a

in fact, elaine chao who is in the president's cabinet was speaking today.re was a sort of wistfulness, talking about building infrastructure and the future of work. and the weird thing is you know if trump had wanted to he could have governed as a true independent who came in to change the way you know washington worked. and he could have done an infrastructure bill, i don't see why anybody would start with a health care bill and do it strictly on partisan lines. instead, do an infrastructure bill and a tax reform bill and try to put together a coalition, forward-looking republicans and democrats. then he would have transformed american politics by being the first truly independent president. somebody who could you know rise above things. he did just the opposite, and that still surprises me. >> gentlemen, i want to thank you both and by way of sharing with you and our audience, in about three minutes we have an item on this hideously named notion of infrastructure, which may be of interest and very timely. again, thank you, thank you for joining us. coming

appreciate everything, and i appreciate you being here, but i especially want to thank secretary elaine chao, leader kevin mccarthy -- thank you, kevin -- chairman bill shuster, and all the members of congress, i have many of them here today, for joining us as we prepare to enter a great new era in american aviation. [applause] pres. trump: it is about you.too, i can tell before discussing our plans to modernize air travel, i want to provide an update on our efforts modernize vital services for our veterans come out great, great veterans who we all love. for decades, the federal government has struggled to accomplish something that should be very simple -- seamlessly transferring a veteran's medical records from the defense department to the veteran's groups into the v.a. in recent years, it has taken not just days or weeks but many months for the records to follow the veteran. this has caused massive problems for our veterans. i am very proud to say that we're taking steps to solve the situation once and for all. signature shall announced this morning that the v.a. will enhance and moderniz

appreciate everything and i appreciate you being here but i especially want to thank secretary elaine chao, leader kevin mccarthy, thank you, kevin. chairman bill shuster, thank you very much, bill, and all the members of congress, many of them here today, for joining us as we prepare to enter a great new era in american aviation. [applause] it's about time too, i can tell you. but before discussing our plans to modernize air travel, i want to provide an update on our efforts to fix and modernize vital services for our veterans, our great, great veterans, who we all love. for decades the federal government has struggled to accomplish something that should be very, very simple, seamlessly transferring a veteran's medical records from the defense department to the veterans groups and to the va. in recent years it has taken not just days or weeks, but many months for the records to follow the veteran. this has caused massive problems for our veterans. i'm very proud to say that we are finally taking steps to solve the situation once and for all. secretary shulkin announced this morning that t

eastern on c-span2's book tv. >>> transportation secretary elaine chao testified

vice president mike pence, elaine chao there as well.g on president trump to give remarks on his infrastructure plan. let's listen in on the vice president. [applause] promising to replace our crumbling if a structure with new roads, bridges, and airports, the action the president announced they will encourage commerce and most importantly, president trump's action today will enhance safety and precision of air travel in the u.s. as i can attest from firsthand experience, having more precise landings in america is a good thing. [laughter] [applause] vp pence: so with gratitude for his leadership and vision and admiration for his unwavering determination to rebuild america and restore a nation of

that's elaine chao at the podium right now. will bring this to you live as soon as i get started.lso, a massive search and rescue effort now underway for a missing u.s. navy lost after going overboard off the coast of north carolina. we have details ahead booking.com gets it. they offer free cancellation if my plans change. visit booking.com. booking.yeah. ♪ the sun'll come out for people with heart failure, tomorrow is not a given. but entresto is a medicine that helps make more tomorrows possible. ♪ tomorrow, tomorrow... ♪ i love ya, tomorrow in the largest heart failure study ever, entresto helped more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto. the most serious side effects are angioedema, low blood pressure... ...kidney problems, or high potassium in your blood. ♪ tomorrow, tomorrow i love ya, tomorrow ♪ ask you

cohen about this time last week setting up infrastructure week there's the transportation secretary elaine chao want to pivot briefly to tim cook, who is wrapping was his commencement address. josh lipton is watching that. >> carl, that commencement address just wrapping up here at m.i.t. tim cook telling those students you have learned how technology can change the world for the better. he also, though, talked not only about the potential advantages of technology, carl, but also some of the risks. take a listen. >> technology today is integral to almost all aspects of our lives. most of the time it's a force for good. and yet the potential adverse consequences are spreading faster and cutting deeper than ever before. threats to our security, threats to our privacy, fake news, and social media that becomes antisocial. sometimes the very technology that is meant to connect us divides us. >> carl, then cook pivoted to talking about a.i. he said i'm not worried about a.i., or the ability of computers to think like humans. i'm more concerned about people thinking about computers, without values, co

but i especially want to thank secretary elaine chao, leader kevin mccarthy, thank you, kevin. chairman bill schuster. thank you, bill. and all the members of congress, many of them here today for joining us as we prepare to enter a great new era in american aviation. [applause] it is about time. i can tell you. but before discussing our plans to modernize air travel, i want to provide an update on our efforts to fix and modernize vital services for our veterans. our great, great veterans who we all love. for decades, the federal government has struggled to accomplish something that should be very, very simple. seamlessly transferring the veterans medical records from the defense department to the veterans groups and to the va. in recent years, it has taken not just days or weeks, but many months for the records to follow the veterans. this has caused massive problem problems. i am very proud to say that we are finally taking steps to solve the situation once and for all. secretary shelton announced this morning that the va will announce and modernize its medical records to use

in fact elaine chao was speaking today, but there was sort of a whistfulness for what jon referred tohe optimism, the sense we can rebuild america. talk about the infrastructure bills and the future of work. and the weird thing is that if trump had wanted, to he could have governed as a true independent who came in to change the way washed worked. i don't see why anybody would start with a health care bill and do it strictly on partisan lines, instead do an truck bill and try to put together a coalition, forward looking republicans and democrats. then he would have transformed american politics by big the first truly independent president, somebody who could rise above things. he did just the opposite, and that still baffles me. >> i want to thank you both by way of sharing with you and our audience we have an item on this hideously named notion of infrastructure, which may be of interest and very timely. again, jerks thank you both for joining us. coming up after our final break, why a big problem for the stiff new york could actually be a big opportunity for a nation looking at it a

then transportation secretary elaine chao at a senate hearing on the future of the faa and air traffic control. after that, senate minority leader chuck schumer on the global rise of anti-semitism. >>> next a look at the opioid crisis and other forms of drug abuse and their effect on the ecom

elaine chao will begin selling the plan to congress. >> we saw her to his left shoulder the whole time he was speaking today. great to see you. we're coming right back. it's the phillips' lady! anyone ever have occasional constipation,diarrhea, gas or bloating? she does. she does. help defend against those digestive issues. take phillips' colon health probiotic caps daily with three types of good bacteria. 400 likes? wow! try phillips' colon health. ykeep you sidelined.ng that's why you drink ensure. with 9 grams of protein and 26 vitamins and minerals. for the strength and energy to get back to doing... ...what you love. ensure. always be you. >> i don't know if you new this, but as the london terror attacks were unfolding, there was a bomb scare in italy triggering a stampede that left 1,500 people hurt. it happened in turin, italy during the soccer championships. most of the victims have been treated for minor injuries now. three people are reported to be in serious condition, including a little boy that was crushed after tripping as he was trying to run. the panic was triggered by

taxpayers, dina powell, kellyanne conway, elaine chao, betsy devos you should work behind the scenes to educate him about how offensive they are. three, as someone who once proudly called myself a republican the party will be permanently associated with misogyny if leaders don't demand a retraction. as a woman of a son, how do you let a man get away with them can kristen welker was asking all the right questions. tell us what went down today. >> well, it was striking, nicolle, because this was one of those briefings that became dominated almost completely by a single topic by the series of tweets. sarah huckabee sanders, not apologizing at all which is striking because you go back to that "access hollywood" tape and the president did apologize. that's not the strategy today. sanders saying that the president is a fighter and this is an example of him punching back. but she did have to face a range of tough questions in addition to all of those which you played, i pressed her on the fact that the president has not been immune to engaging in this type of criticism himself. remember whe

president rouhani meet with elaine chao later. time is a sense of loss and inability to have any kind of significant agenda. david: there's also a question of presidential leadership all the way back to health care. one of the issues was the president had to take a leadership position on tax reform and a leadership position. if it undermined by the comey testimony? it is.yes, later today, the house freedom caucus, ultraconservative wing will release tax policy principles and not an opening bid to negotiate with the white house that an opening bid with paul ryan and that is where it is headed. mitch mcconnell, paul ryan are the words who have to craft a positive -- an agenda that is the overwhelming sense of the republican aides, and even the republican lawmakers i am speaking with on capitol hill. they do not feel there is a leadership from a policy standpoint right now coming from 1600 pennsylvania avenue. david: thank you. we are watching buckingham palace were we are waiting prime minster theresa may to come from her meeting wi

then transportation secretary elaine chao at a senate hearing on the future of the faa and air traffictrol. after that, senate minority leader

. >> transportation secretary elaine chao and the president's proposal to privatize the air traffic control system. other topics include airline customer service, drone technology and the implementation of the next generation air transportation system. the senate commerce science and transportation committee is two hours. [inaudible conversations] >>> good morning. i want to welcome the secretary back today. this is her first times since being confirmed. i want to thank you for appearing before us today to discuss the reauthorization. we are working hard on a bipartisan basis to produce a bill hopefully during this work. how and we appreciate the administration's engagement. already this year the committee has held hearings on a range of topics underpinning the effort including safety, drone policy, aircraft certification, consumer concerns and infrastructure financing. one of the key issues we have not yet focused on but has been discussed over the last two years and occurs in other parts of the world is whether the united states should separate the air traffic fund from the faa and create

we're just getting comments being made by the airline oscar mun ez ceo praising elaine chao for privatizationit's not the simplest thing but it will create a level of certainty in terms of the modernization actually happening. could this solve a lot of problems for the airlines? >> yeah. munoz ceo of united believes that so does doug parker ceo of american delta actually on the other side of this. look, to some degree, yeah, it will get better, but there's wide range of disagreement about how much better it will get because, you know, on one hand you have these improvements more people than ever flying and so you're sort of running hard just to stay in place sometimes but, if they can get it right, yeah you know, this situation right now where you fly lots of extra miles for example to get to the same place because of old infrastructure, something they can do at least something about. >> seth, thank you >> thank you >>> let's take a check on the bio teches right now the etf that tracks the ibf taking hit reports of president trump preparing an executive order on drug prices. what could that m

. >>> transportation secretary elaine chao testified before a senate committee on the future of the federal aviation administration and the president's proposal to privatize the air traffic control system. this is just over two hours. morning. i want to welcome secretary chao back today. this is her first time beforee the committee since being confirmed. secretary, i want to thank you for appearing before us today to discuss reauthorization of thehe faa. we arend working hard on a bipartisan basis to produce a bill, hopefully during this work period. and we appreciateld the administration's engagement. already this year, the committee has held hearings on a range of topics underpinning this legislative effort including safety, drone policy, rural issuing, aircraft certification, consumers concerns, and infrastructure financing. one of the key governance issues we have not yet focused on this yearld but which has been discussed extensively overall the last two years and whether the united states should separatete the air traffic serve provider function from the faa and create a nongovernment

then transportation secretary elaine chao at a senate hearing on the future of the faa and air traffic control. after that, senate minority leader chuck schumer on the global rise of anti-semitism. >>> next a look at the opioid crisis and other forms of drug abuse and their effect on the economy. witnesses included ohio attorney general mike dewine. this is about an hour and 40 minutes. >> good morning and welcome. i want to welcome our ranking member and vice charmt and other members of the committee who join me in expressing the importance of holding a hearing on the threatening increase of drug abuse. it's become rampant in america and maybe the worst the country has ever experienced. it's devastating families, degrading communities, and undermining several parts of our economy. for several states and districts represented by members of this committee, the problem is acute, as the map displayed shows. the crisis has a regional character. my hometown of columbus, ohio is part of the crisis at the center east of the mississippi. figure two shows the 2015 drug overdose rates by state,

. >> transportation secretary elaine chao testified before the senate and transportation committee on the proposal to privatize the air traffic control system. [inaudible conversations] >> good morning. i want to welcome secretary child back today. this is her first time before the committee since being confirmed. madam secretary, i want tong thank you for appearing to discuss reauthorization.r we are working hard on a bipartisan basis to produce a bill. hopefully during this work. we appreciate the engagement. the committee has held hearings on a range of topics underpinning this effort including safety, drone policy, role issues, aircraft concerns and infrastructure financing. one of the key issues we have not yet focused on this year but that has been discussed atet pensively occurs in other parts of the world is whether the united states should separate the air traffic control provider system from the f aa incom create a nonprofit corporation to do the job. : >> this week the president used to join the proponents of significant reform. the president has challenged congress. and it

the president will be speaking later today about infrastructure with elaine chao, but this was supposedm: a little going on. robin niblett, help us with the international relations we see. do you assume washington uproar drives to dampened gdp? robin: well, even the fact that the world's economy was relying on a bullish or strong united states, the net effect i suppose is going to have a somewhat dampening effect, but most people have sensed that global economics is working despite the political chaos. i think the point francine made earlier about where the u.k. stock market is this morning, relatively stable, we are getting used to this upheaval and there are some underlying fundamentals that are relatively good, whether the euro zone economy or chinese economy. i can live with the unpredictability a bit longer. we know that the u.k. seems to be sticking together because the smp did not do so well, and that could be on the back of the referendum nicola sturgeon promised? robin: the smp can make the point that the number of seats they got last year was exceptional. the real problem is t

maria: i sat down with transportation secretary elaine chao last month where we had at that time. >> there has to be a more creative, and more innovative way to ensure the resources we need to rebuild our infrastructure. one of the ways to do that is through the public private partnership to use federal funding up to $200 billion of leverage that space-bar monies can comment and have resources we need to build and repair the infrastructure. trade to the way this breaks down will be interesting. what he think about this in terms of the banks, financial services? the banks seem to be on the winning ad does get a the idea to really five minutes. >> she hit the nail on the head with the government does need to be more creative. the probably have talking about this private public partnerships is that not all of these projects are going to be profitable. but they need to do and focus on their sound that not more. is they wi put them together and take a lot of time. back in march, the american society of civil engineers. $4.6 trillion needs to be updated. so if you can spread the risk acros

just this week elaine chao announced half a billion dollars in infrastructure investment at over 500he interior. this is important. because it impacts every day lives. tax reform, healthcare reform. the president feels very confident that those can get done this year. he works with leader mcconnell in the senate very closely. have you got secretary mnuchin and secretary ross. tax reform can happen this year. everybody is working towards those goals. you don't hear about it because it's positive information. i have trust and faith in the american people and their ability to separate noise from news. brian: let me tell you if this is criticism. tirlg respected columnist ripped down all the things that you guys are accomplished and working on including senator thune saying they are starting to put together a blueprint for version of tax reform and senator cornyn saying we can get this done by the end of july. she goes on to say part of the reason that story doesn't get out is because the president is tweeting about russia and these things that he thinks are unfair in the media. do you t

that is vice president pence, elaine chao approaching the podium. ited states. >> secretary chao, leader mccarthy, chairman bill schuster, senator ted cruz, distinguished members of congress, honored guests, on behalf of the first family, welcome to the white house. [applause] and thanks to the leadership of president donald trump, welcome to the beginning of a new era for american infrastructure. [applause] you know, since the first day of this administration president trump has been working tirelessly to keep the promises that he made to the american people. our president's been putting jobs and this economy first, rolling back excessive regulations, unleashing american energy, ending unfair trade practices, and he's been working with congress to repeal and replace obamacare. and thanks to president donald trump, america is back. [applause] american businesses are growing and investing in america again. more than 600,000 private sector jobs have been created under this president's leadership, and unemployment hasn't been this low for 16 years. but

. >> elaine chao worked for george w.o place a wager, she liked working for him better. >> gene robinson, chime in. >> what in the world? >> this really is -- there are clips of vladimir putin having these type of meetings. >> thank you. >> people go around and praising him. >> i think putin would be embarrassed by the level of abasement that we saw in that cabinet meeting. it was just -- it is stunning. s it abberrational. we don't -- >> their reputations. >> the sycophancy that you see there and the fact that mika mentioned that the president needs this, that they have to do this because it feeds him and it keeps him going. to what end i'm not sure. >> what does that suggest? >> well, it suggests this is the weirdest administration we have ever had in this country. and it's not getting better. in some ways, it seems to be getting worse. and more sort of out of the american norm. >> narcissistic behavior. >> we knew the guy was a narcissist. i don't think -- i don't know that anybody ever thought that everybody around hi

. >> transportation secretary elaine chao and the president's proposal to privatize the air traffic control system. other topics include airline customer service, drone technology and the implementation of the next generation air transportation system. the senate commerce science and transportation committee is two hours. [inaudible conversations]