tom: thank you, you ain't xiao, the u.s. -- elaine chao, the u.s. transportation secretary.vonnie: they tone has been broadly positive out of davos, how has there been chat about the fractured world? tom: the scene is a fractured world. i would suggest, you go two days or three days and two davos and the theme changes and with a vengeance in the last three hours with elaine chao parachuting in and the entourage of the president. i have seen a focus on this historic speech we will see on friday. vonnie: we are looking forward to it and thank you for the contribution. mark: we will take you back to davos for an interview with the economic development minister of russia, what he sees ahead for the nation's economic growth, as oil prices rise. ♪ mark: live from london, i am mark barton. vonnie: new york, i am vonnie quinn. mark: more than 90 minutes into the trading day in the u.s.. mixedare looking at trading action for major averages with the dow and s&p 500 modestly higher in the nasdaq lower again, near session lows. record highs for all three major averages. ironically, des

i would like to welcome the secretary of transportation for the trump administration, elaine chao. lcome, secretary chao. thanks for joining us. you spoke with abigail earlier. reports about the president possibly pulling out of nafta creating jitters in the market, bringing down railroad stocks, car stocks. how might this impact the transportation business in the united states? secretary chao: well, trade is really not within my lane, so to speak. vegas,e at ces in las and i'm here to promote innovation and creativity, which is the hallmark of american genius. we are preeminent in the worldwide economy because of the high tech contributions to technology and information technology. and being here has been just magical. there is so much energy and so much innovation. so, the role of his administration at the transportation department is to make sure that we are not one-- not, one, hampering the growth of innovation and creativity, two, that we are examining our own regulation to make sure that our regulations are not slowing the rate of innovation. innovation is very important, but

host: secretary elaine chao, thank you for your time. elaine: thank you. announcer: tonight, the leading figure of the movement in the 1970's, reviews his life and career. during the event coming he talks about his time being in prison by the kgb. here is a look. >> by far, the easiest -- years ago in prison. have physical hardships. isterms of a moral life, it is so simple, pure, -- it easy to keep your integrity because all of what you have to do is to keep saying no to kgb. we jews, we have a very demanding religion. a lot of commandments. to fueleally want yourself, you have to fulfill those obligations. prison, everything comes to one thing. to say no to the kgb, and that is it. you fulfilled everything. all your obligations, to your wife, your family, to your country, to your people, to your -- toy, to mend kind mankind, you did already. there was some discomfort they -- that theypunish put you in, to punish, it is all physical. [indiscernible] speaking your mind freely. understand the only thing that truly belongs to and thatinner freedom was all th

there and see what you have and get that letter from senator feinstein, harris and pelosi and get elaine chao and maybe doreen can work her magic. but we need secretary chao down here. thank you. >> thank you, daly and brad for all you've done for the port and our legislative priorities. as we can see, there are a lot of them. i think my fellow commissioners have made great recommendations on how to move forward and what we need to look for. i do think that outreach is very important. on every level. national, state, local. i think we really need to get out there and i think we did a great job this year. so we can only continue what has been started because we have several prioritis that have to be funded. i agree with my fellow commissioners and their recommendations and thank you for all that you've done. thank you. >> thank you very much. >> item 12-a, informational presentation of the port of san francisco employee drone policy relating to the port's use of drones on port property pursuant to the city and county of san francisco's city-wide employee drone policy adapted by the city's comm

obama administration, and now these freight grants raat have been renamed inf grants undersecretary elaine chao. through these grants, you continue to seek these additional moneys. then you have to -- your government and state legislators have to come up with more money to repair these critical projects, many of which are to enhance capacity along your freight corridors. taxes that raise their gas have to scramble to come up with more money, and states that have not raise their gas taxes, they will be encouraged to do so. the americanof associate in the civil engineers -- association of civil engineers pointed out there were gas taxes, but they were not easy votes. you could point out members could lose their seats for taking the tough vote. at the same time, are you going to take a similar vote again and say we have to raise fuel taxes against? new jersey hadn't done so since the mid-1980's. so, where do you find the money? the governors, all of them are starting to have their state of the state addresses. they are calling on the federal government to play a major role in this. there will be a

government, elaine chao, saying they don't want to have a command-and-control approach.it is incumbent on these high-tech manufacturers and companies to share their confidence in this new technology, because unless they do so, the consumers will not accept it and this will not be a success. reporter: but the future of our car with a note has a jerk control could be -- no passenger control could be a reality soon. this has a screen in front of me . no steering wheels or petals. these shuttle buses are already being used on the streets of detroit, and will soon be used in other states as well. in technology are coming at us faster than we had imagined. the question facing governments and all of us, are we ready to concede control to machines? laura: google, facebook, apple, all tech giants who want us to believe their destruction of the old order is creating an interconnected utopia. what are the dangers of living in a networked age, where does that leave national governments and international organizations? that is the subject of a book by the best-selling historian niall

you won't want to miss our conversation with elaine chao.r, we are live streaming on twitter. check us out. that is all for now. this is bloomberg. ♪ chalene: the following is a paid presentation brought to you by beach body, but filmed by me on my iphone and directly from my heart. hold up. i want to ask you a question. how do you feel when you look at yourself in the mirror? not so good? like, gross? who is this person? like you know you have to do something, but it is so confusing. there are fad diets, extreme workouts, and it is working for

technology, we will be live again this wednesday, you won't want to miss our conversation with elaine chao p.m. new york time in san francisco. we are live streaming on twitter, check us out on technology, that is all for now, this is bloomberg. ♪ ♪ in hong kong, we are live from bloomberg's asian headquarters, i am yvonne man. welcome to daybreak asia, the top story since wednesday, a mixed outlook from asian stocks after wall street keeps adding to all-time highs. the nasdaq is making it six out of six for the year. this is a bear market for bonds as treasury yields soar ahead. i am betty low here in new york, this is after 6:00 p.m. on this tuesday, north and south korea agree to military talks but the north says its nuclear program is not on the table. and is tech trending away from apps and back to get this? we will be

march 30 of last year, they dialed 1-800-elaine-chao and they said, "fix the atlantic bridge." >> and tom: and you did. why can't you bring that over to every infrastructure project in america? whether it is a democrat or republican governor you know so well, why can't we fix the infrastructure? >> we need to fix the permitting. tom: tell us about that. >> let me take you through this. the hoover dam was built in four years. tom: exactly. >> i went to alaska to give the approval for the sterling highway, which took 35 years. tom: are you going to change that with the proposed $1 trillion legislation? have $1e going to trillion in infrastructure spending and also work on the permitting so that it does not take so long for the whole public infrastructure projects to be built. we need a partnership of the state and local governments. tom: with your heritage in washington, can you do this in a fractured washington? >> nobody said it was going to be easy. infrastructure, there should be bipartisan support. tom: with your heritage at labor, i believe we are going to create jobs. any number

>> from the beginning, elaine chao has talked about not just money being put to work, making it easier to put the money to work. i think as you're saying about regulations being as important to corporations as the tax cuts, it is really important, essential, maybe, to do what has happened in australia and canada and other countries and make it easy to build. we are just gobbled up in red tape in this country. we can't do anything. charles: president trump talk about the empire state building being built in one year. these days it would take ten years. >> easy. charles: thank you very much. we'll be right back. every trucr own way of conveying powerful. yeeaaahhh boy. kind of looks like a monster coming to eat ya. holy smokes. that is awesome. strong. you got the basic, and you got the beefy. i just think it looks mean. incredible. no way. start your year off strong a new chevy truck. get a total value of over $9,600 on this silverado all star when you finance with gm financial. find new roads at your local chevy dealer. smile dad. i take medication for high blood pressure and cholester

all the people traveling with him, elaine chao and the homeland security secretary and the press secretary and the communications director. your thoughts. >> what matters here is performance, and the one performance that matters is the president's. i think that by going to davos, as i say, he took a risk but 50% through, see when it's finished. he's dominated the agenda in a way no foreign leader in the years since president clinton went in 2000 has, and that's what really matters. and fundamentally, i think that's what the people. united states want as well. you can chitchat about all this other stuff that are on some of the other networks. the american economy remains strong and growing and anything unlike the rate it's at now and a good chance it could increase. the president and his party will do very well this november and in 2020. liz: switch gears, the inspector general for the justice department found the five months' worth of missing text messages between peter strzok and lisa page. peter strzok was removed from special counsel robert mueller's investigation in anti-trump bias. an

. >> transportation secretary elaine chao recently sat down for a profile interview with c-span to discuss her life personal and professional. she recalled her early years in taiwan and coming to the u.s. as an immigrant. she also discussed working for the last four republican presidents, her marriage to mitch mcconnell, and what it is like to work in the trump administration. this is about half an hour. what are your earliest memories of coming to the united states? >> they are really vivid memories. i came when i was eight years old, a young immigrant. i didn't speak english, my father had come three years earlier, he left us behind in asia. he didn't have the money nor the documentation to bring us. my mother, my sisters and i stayed behind. my mother was seven months pregnant when he left for america. child not see his third until she was three years old. in america. we came aboard a ship, it was a 37 day ocean journey. i remember going through the panama canal, it was great fun for an eight-year-old.

ali mentioned elaine chao. sarah huckabee sanders and hope hicks. elise, the president mentioning a state visit. i could have sworn he was going to have one of those. the president said it was because of obama that wasn't it happening? >> well, this has been a source of huge controversy in the uk. there were protests expected to number, you know, over 1 million protesters if the state visit, if donald trump actually came to the uk. so he was very hesitant about going if he wasn't going to receive great press. specifically took that up with prime minister may in a discussion about the trip. what i found notable about that exchange is donald trump devoted 70% of his air time to saying how he does have a strong relationship with theresa may. that the reports they do not get along and they've had a strained relationship are false and they do like each other very, very much. >> ali, i know you were outside, were you able to hear the president's remarks? >> so i'm at the main level of the congress center which you know well. the president is off to the si

admin haitian officials including secretary of labor alexander acosta, secretary of transportation elaine chao, u.s. forest service chief tony tooke and although he couldn't stay for today's activities we visited this one of the secretary of agriculture sonny perdue. we will hear two other keynote speakers, michael bidwell president of the arizona cardinals and also john ratzenberger. most of you know john has the sandisk with cleveland for the television series cheers or you might know him as one of the voices of the characters in every pixar movie ever made. john also has a passion for american workers and american industry on enjoy hearing him speak about that. we will touch on one of the greatest challenges or nation facing such as file to expanding our economic vitality in coming years and that is workforce development. my initiatives is focused on workforce development, how we prepare the students of today for the job market of tomorrow and how we ease the workers transition to new and emerging employment opportunities. i've been pleased to see the bipartisan engagement of my fellow gove

joining us transportation secretary elaine chao, bill gates, my special guest this morning.ing founder of sky bridge capital anthony scaramucci. you don't want to miss a moment of it so do stay with us. jam-packed show this morning and we kick it off with this top story, not america but not america alone, that's president trump's message, he has arrived in d -- davos. he hinted last night at what to expect from this trip. >> the economy is doing very well, i'm going to davos to get them to bring back a lot of money. i made the statement that if we didn't do the regulation cutting which i think is actually -- maybe more important than even the tax cuts, but the regulations i think much different situation but our people are very happy. maria: but could president trump face some resistance from globalist who is are putting america first. joining me right now at the world economic forum is ing ceo ralph, thank you so much for being with us. your expectations for president trump? >> it's a good sign that he's coming, right, he clearly has a policy that is -- it's more focused on

that's why elaine chao, for example, could not be a designated survivor as well. let me bring kate back in. kate, you see the first lady of the united states. tell us a little bit about her special guests. >> this is a big moment for her. her special guests consist of veterans, family affected by ms-13, the gang. and also that police officer that cnn did a story on last year who adopted a baby born to a heroin-addicted mother he met in the line of duty. really people who are going to refle reflect some of the content the president speaks to tonight. >> it's a tradition that began under ronald reagan when a gentleman who worked for the government named lenny skutnik dove into the potomac river to save the survivor of a plane crash. he was honored by ronald reagan several days later, and since then presidents have used special guests in the first ladies's box to discuss different agenda items. you're looking at the first lady talking to ryan holets. >> the president, by the way, as is the tradition, will mention many of these special guests during the course of his

the transport secretary of the us government, elaine lan chao, was here yesterday saying they don't wantnovation, but safety is a big concern for them. they were also very much saying that the onus is on car companies to make people feel confident about vehicles like these. general motors has already made a request of the us government to allow them to put this vehicle on the roads as early as next year. it has no steering wheel or pedals. many other car—makers think the world is not ready for that just yet. these advances in technology are coming at us faster than we had imagined, so the question facing governments and all of us is, are we ready to concede control to machines and software? in other news, pie and pasty maker greggs says like—for—like sales for the fourth quarter of the year rose by 3% as customers opted for mince pies, hot sandwiches and gluten—free soup. for the full—year, like—for—like sales were up 3.7%. greggs said cost pressures will continue in the year ahead, but expected them to be lower than last year. supermarket chain iceland has said it will eliminate or dras

but it is schumer's vote against elaine chao that is seen as a pivotal moment by some senators.you do not have any transportation projects up in new york?" mcconnell told schumer moments after he cast his vote. "that was totally uncalled for," he said about schumer's vote. "i still don't understand that one. i mean, i have heard him explain it to me, but i still do not ."derstand your cod john? host: the house is coming in at 9:00. the senate is in at noon. craig caplan with a quick factoid on the saturday senate session. the last time there was a saturday senate session was may 23, 2015. to extend the usa freedom at. the session started just afternoon and ended at 2:00 a.m. we will see what happens on capitol hill. this morning on "washington journal," we are taking your calls on the one-year anniversary of president trump taking office. laura is in austin, texas, a federal worker and a democrat. good morning. caller: good morning. thank you for taking my call. let me say right off the bat that i am angry at both parties. i mean, i do my best to do my i give good sure service t

. >> just about two weeks ago, secretary elaine chao, the head of the u.s. department of transportation, made an announcement that the department of transportation would be seeking public input across the transportation industry to, quote, identify barriers to innovation and shape initiatives. i would like to ask each of you in the moment we have remaining with just a few seconds, tell me what you think the biggest barriers for innovation are? we'll start with you, dr. avent. >> i do think the application of all regulatory policies to this industry, because it is completely different and a new frontier and we have to be careful of taking existing policies and regulating based on those. >> mr. kentley klay? >> i would commend senator thune and nelson on the opening remarks. i think you get into this new era of mobility, the biggest berier to innovation would an incumbent to make it difficult for us to go forward with the technology when we know what we are doing. >> we must be careful not to over regulates. that is why we are in such strong support of the a.v

davos,day to elaine chao in fix this. she mumbled a lot of the talking points.tate of the union davos on infrastructure that can make a difference for viewers and listeners? >> good morning. i saw your interview with secretary chao live at the time so i remember it well. you are to get is a pledge that there will be a trillion dollar infrastructure plan that will be heavily weighted towards getting private sector money much more closely involved. moving towards having state and local governments pay for it. frankly i don't think that goes anywhere. i don't see the bipartisanship for it. tom: this is the heart of the matter is the urban rural saturation -- separation of america. this goes back at least to to george and frankly washington building canals outside georgetown. what are we going to do about the urban rural divide in america if everything is rusting away in every single state? we are going to talk a great deal about it. i don't think much of any seriousness is going to happen. we are in the middle of a five-year infrastructure plan right now that i wou

tom: i spoke with the secretary of transportation, elaine chao.spoke about immigration. she was impassioned about the differences within her republican party. give us an update not on immigration with the president of the immigration debate on capitol hill. arit: there are several factions. there is the common sense democraticled by senator joe manchin from west virginia and republican senator susan collins from maine, both true moderates. they are working on a deal. some form of an act that they will get 50 votes in the senate. then there are people like tom collins -- they want a path way to citizenship or dreamers, but very limited. whatever bill comes from their route is not something that can get 50 votes in the senate. it is not something democrats would ever vote for. and then there is dianne feinstein's 2020 congress, if you will call it that. kamala harris, bernie sanders, who want a clean dream act. they do not think we should pair giving rights to dreamers with building a wall, what republicans call chain migration. tom: that is a beaut

obama administration, and now these grants, they had been renamed in front grants under secretary elaine chao. so through these grants you continue to seek additional monies. then you have, your governor, state legislatures had to come up with more money to repair you know, these critical projects which, , many of which are actually to enhance capacity a longer freight corridors. so states that raise the gas tax have to scramble to come up with more money, and the states that have graced their gas taxes will be encouraged to do so, which is, you know, casey of the american civil interest pointed out more than half of the states have raised the gas taxes. those were not easy votes. you can point out and say these were republican states and not members of the legislature didn't lose their seats for taking that toppled. at the same time are you going to take a similar vote, go back to this date, your constituents again and tell them we need to raise fuel taxes again? new jersey has not done so since the mid-'80s. where do you find the money? the governors, all of them are starting to have their

after that, a profile interview with transportation secretary, evenly -- elaine chao.he communicators, a look at the internet, broadband expansion and 5g with ceo doniphan falter -- jonathan alter. >> you mentioned that the groups you represent had a lot of work to do. can you talk about that? we hear about these five g networks and these ultra dense broadband's. can you talk about how we get to that stage? >> the ingredient to moving to ensuring our global competitiveness is this technology called broadband. our companies are committed to continuing to making the investment to provide the infrastructure and make sure we get more broadband to americans. it takes a lot of work. it takes the right business models but it also takes forward-looking policy frameworks. announcer: watch the communicators, tonight, on c-span two. the c-span bus tour continues its capitals tour in january with stops in riley, columbia, and montgomery. we will speak with state officials during our live program. follow the tour and join us on january 6 the that 9:30 four stop in riley, north caro

we spoke with elaine chao about this.s we add more technology to vehicles, the number of traffic brutalities is not going to come in fact in recent years it has gone up -- is not going down, in fact it has gone up. why is that? >> if you look at in apples to apples comparison basis, vehicles have become more -- so advances in a thomas driving and -- in autonomous driving, if you look at computers and artificial intelligence, they are able to interpret and respond in danger situations for more quickly than humans can. we think that those capabilities will probably represent the single largest advance in road safety that the industry hasn't seen. that has seen. david: a child born today, will that child need to learn to drive? >> it is conceivable that the answer would be no. david: thank you very much. johan de nysschen, head of cattle it. anna: -- cadillac. anna: fascinating question on whether young people will i need tiller to drive. david westin at the auto show. coming up, spurring economic growth in london and beyond

obama administration, and now these freight grants raat have been renamed inf grants undersecretary elaine chao. through these grants, you continue to seek these additional moneys. then you have to -- your government and state legislators have to come up with more money to repair these critical projects, many of which are to enhance capacity along your freight corridors. taxes that raise their gas have to scramble to come up with more money, and states that have not raise their gas taxes, they will be encouraged to do so. the americanof associate in the civil engineers -- association of civil engineers pointed out there were gas taxes, but they were not easy votes. you could point out members could lose their seats for taking the tough vote. at the same time, are you going to take a similar vote again and say we have to raise fuel taxes against? new jersey hadn't done so since the mid-1980's. so, where do you find the money? the governors, all of them are starting to have their state of the state addresses. they are calling on the federal government to play a major role in this. there will be a

now, last but certainly not least, secretary elaine chao, us secretary of transportation. secondary child is the second time serving our nation as part of the present cabinet only one of two women ever do so in our country's history. she previously served as the secretary of labor for 2001 to january 2009 and is the first asian-american woman to be appointed to the president's cabinet in american history. her exemplary career which is also includes an extensible is the highway of america and director of the peace corps is rivaled only by her inspiring personal story. she arrived in america at the age of eight speaking no english and became a us citizen at the age of 19 under economic degree from mount holyoke and an mba from harvard. she has since received 36 honorary doctorate degrees and has been a distinguished fellow at the heritage foundation and the hudson institute. if all of that was not enough she also married to someone most of you may have heard of, majority leader of the united states senate, mitch mcconnell. with that, secretary chao. [applause] >> we love, sa