gerard? >> until the question was asked, i didn't view it here being in support of the administration. our view transcends political party and administrations. our view, regardless of who is in the white house, we look at the substance of the treaty. and that's our focus. >> and i want to emphasize again, the administration did not ask us to bring this treaty out now. we went to the administration and said what do you think about it. again, it's clear on the record here. and mr. donohue has made it clear that he made the request for us to be here at this time initially, and that's what got us going. senator sheehan? >> thank you, mr. chairman, and thank you all for being here. i apologize for missing your testimony. i was in an energy hearing. so i'm actually going to start with that, mr. gerard, energy. and i wonder if you could talk about why this treaty is important to the energy security of the united states. in your letter to the committee, you stated that access by securing the exclusiv

gerard, energy. and i wonder if you could talk about why this treaty is important to the energy security of the united states in your letter to the committee you stated that exsession will provide great energy security by securing the united states exclusive rights for oil and gas production. so could you elaborate on that and why -- talk about why it's important? >> surely. it gives us expanded opportunity for the extended continental shelf, the extended resource to develop those resources under the guise and direction of the united states and u.s. law. when we're focused on more specifically right now which is a talked about regularly as the ar particular, it says to me that the ar particular has 1/4 of the world's oil and gas reserves. that is a big number. and right now as we look at it we will be limited in our ability to go beyond our 200 mile exclusive economic zone unless we become parties to the treaty and, thus, can claim the extended continental shelf. it's estimated our claim up there cou

gerard of philadelphia? >> that's right, yeah. that guy was very intelligent. i'm glad he brought that up, because a lot of people don't know that the government was bankrupt during the war of 1812, and like i said, everyone thought the war would be a very fast war, over in a few months, and it really bogged down. i mean, here at ft. mchenry, in a way, you know, we've got the american flag and we repulsed the british and that's a very positive story. however in, what used to be the old northwest like ohio, the michigan territory, the story is compelling, but it's not quite as positive. i mean, there is brutal action between the native americans and our own people. when the americans fought tecumseh at the battle of the thames in canada, tecumseh the famous leader, the americans skinned him. i mean, that's how brutality war was on the frontier. very few prisoners taken on both sides. ethnic strife there between the two groups, but that also plays into the whole westward expansion that the united states was undergoing at that time so really these were formative y

gerard is not alone. you can listen to the head of exxon mobile who wrote to senator lugar and myself. or marmarvin odom. he was unable to join us today but he has submitted testimony for the record. a short expecerptexcerpt, if th states were to become a party to the convection, it could participate in the process for claiming it's rights over oil and gas which would provide legal certainty for aci incessi and developing those energy resources. without this claim our company would not find those favorable. so we turn to manufacturing. as many of you know, rare earth minerals are critical to a large part of modern manufacturing. rare earth minerals are an essential component of communications systems, defense, control systems and technology and other weapon's systems. it includes the scope of rare earth mineral use is in electronics and in computers, cell phones and all of the advanced weapons systems some of which i've named. today my friends, china controls 97% of the production market of these minerals

gerard? >> thank you mr. chairman, and senator lugar, it is a please your to be here today. mr. chairman, we need to thank tom for this cop opportunity as well. is that right. on be hafhalf of 0 the companied the millions of men and women who work in the natural oil and gas industry, we appreciate the opportunity to testify on the treaty. we agree with secretary of state hillary clinton and former secretary of state conoleeza rice. that joining the law of the sea convention is truly in the best interest of the united states. today the u.s. relies on oil and natural gas for over 60% of all of the energy that we consume. recent projections of our own department of energy in the obama administration shows that 60% of the energy we consume will continue to be oil and natural gas. other projections show the demand for world global energy will increase by over 50% in the next 20 to 30 years enjergy is very serious issue particularly to our global economy. the company spent years looking for and producing natural gas from around the world. from 2008 to 2011, the industry spent over $70

gerard's second and if you'd have that cleanup. >> thank you, mr. chairman, and ranking member lugar and all of the members of the committee who are here or will be here, we'll appreciate this opportunity to testify here today. i am pleased to express the u.s. chamber of commerce's strong support for approval of the law of the sea treaty. this morning i will focus my remarks on why the treaty is in

gerard and you're talking about something the administration is doing to help the oil industry. it's not to say that they've done everything they can to hurt the oil industry. the keystone pipeline that you talked about is a great example of this administration, basically trying to keep something that's in the interest of americans and american jobs from happening. it looks like, for political reasons and, yet, you know, we've had members up here -- people up here many times talking about this being good for the oil industry. so secretary clinton was up here talking about the same thing. as you can imagine i'm sitting up here and it's a little bit of an extraordinary experience and i wonder if you would explain to me why you think the administration is working so hard to help the whole industry with this treaty and yet domestically doing everything they can to damage it and keep it from being productive. >> i appreciate the question, senator, and the irony wasn't lost on me either when i was invited to testify. let me step back and let me take a broader world, u.s. view. what we

joining us on the newsline, we've got rbc capital markets gerard cassidy.u believe that some of the europe fears, the european banking crisis and the basel iii capital ratio concerns already priced into citi group already? >> we do. especially when you think of the basel iii capital returns. they'll easily meet the levels and we don't anticipate them having any problems reaching the basel iii capital levels. but the european problems certainly are very volatile. but the news here for citi, all of the european operations are only 15% of their business. it's not a major part of their business. >> but just when we think we're getting comfortable we have something like the jpm whale trading loss. comes out of nowhere. boom, loses billions in market cap. how do we know there's not something like that sitting around citi? >> you're right. that's part of the risk. when we look at citi stock trades atd 44% book value. i think part of the reason is there's that potential risk. be very surprised. remember citi went through heck during the downturn. and i don't think

earlier this year....which call for charles street to be shhtdown....for two years. (13:45:35)) (gerard kane) "its going to be a real inconvenience. parking is hard to come by in ttis area as it is...." already, budget constrrints had dellyed the project..... but earlier this ear, the city announced the project would finally begin ttis spring.... bbu spring has come and gone.....and little has changed on charles street.. (13:46:42) "i thought the project was already completed." (14:43:29) (abell) "the city blames this latest since state and feddral tax agenciis must sign off on the project and that has taken much longer than anticipated." (13:51:35) "you gotta remember tteee's a lot going on down there in the mayors office...so...." for now, commuters get another six weeks to brreze down thh old yearr of workk n the new charles gets underway peff abell, fox 45 news llte city officials say the project is designed to improve both thh traffic patterns and pedestrran safety... &pa pit bull is blamed for northwest baltimore. baltimore.it happened last night on cottageeavenue.a ten- year- old

this is no joke, folks, because the company, mars 1, is backed by a nobel prize winning physicist gerard 't hooft. which sounds like a strange name until you learn that he is, in fact, hooft. sort of a pity nobel. (laughter) you see, taxpayers are tired of funding interplanetary missions to understand the origin of our solar system. but you toss together a bunch of emotionally stunted sexy singles with some celebrities in an extra trest krao *el traoel geodesic dome, that's drama. i mean, who wouldn't tune in to watch vanilla ice die of hypoxia? (laughter) now, you thought summer in a beach house on the jersey shore was rivetting, wait until taylor hicks leaves the seat up on the vacuum toilet and brenda is sucked into the silent void of space. (laughter) that is raining gold! i'm tuning in. of course, the biggest event in the universe happened last night in wisconsin. possibly the most significant moment for that state since the discovery of elastic jeans. (laughter) yes, all eyes last night all eyes were on america's dairyland, the badger state. warning. >> do not attempt to milk a bad

gracias a los tiros de andres iniesta, gerard pique, sergio ramos, el atajo de iker casillas y cesc fabregascia.. por su parte cristiano ronaldo no alcanzo a patear su penal de definicion..y se despidio cabizbajo.. ---y maÑana se conocera al siguiente invitado a la gran final de la eurocopa 2012, cuando alemania se enfrente ante italia. en las estadisticas italia lleva las de ganar, pero los teutones quieren la revancha de la semifinal del mundial 2006. y tambien buscan la revancha ante espaÑa en la gran final ya que son los subcampeones de la eurocopa 2008.. ---por otra parte hoy los atleticos de oakland jugaron el ultimo encuentro de la serie ante los marineros.. el cubano yoenis cespedes y coco crisp conectaron jonrones por oakland en una forma espectacular de picheo ganada por jarod paker.. para que atleticos superaran a los marineros de seattle por 2 carreras a una. dejando la serie 2 a 1.. y ahora con la mira fija a combatir a los rangers de texas en una serie de cuatro partidos de visita. ---por otro lado, la nba esta haciendo ruido con su popular "draft" y los nombres de algunos pros

joining me is michelle gerard, rbs senior economist. two pieces of key economic da this week. the jobs numbers on friday, the revised gdp report, weaker than expected. were you surprised by the numbers? are we entering another soft patch? >> well, i tell you, i was very surprised by the employment report. the magnitude of the weakness in that report was -- i don't want to say shocking. if not shocking, just shy of. really through and through, we saw hiring slow across most sectors. we saw the work week decline. even the people who were working worked fewer hours, they earned less money. it was a very soft report that suggests that all of the uncertainty that we're seeing globally is i think moving businesses to the hiring sidelines. >> so they're on the side lines right now. doeshis increase the possibility of more quantitative easing by the federal reserve? do you think? >> yes, we had this two-day meeting at the end of june. in the past the chairman has suggested if you didn't have sufficient job growth, job gains for example under 100,000 a month might certainly be criteria

gerard? >> thank you, mr. chairman, and ranking member lugar and senators web and corker, and it's a pleasure to be with you today. in light of your statement, mr. chairman, as you started we need to thank tom for your opportunity as well, right? >> that's right. >> it's always good to be with you here at the table with the others. on behalf of the member companies along with the 1.2 million americans along with the u.s. oil and natural gas industry and we appreciate the opportunity to be here today to testify in support for the law of the sea treaty. >> we agree with secretary of state hillary clinton and the former secretary of state condoleezza rice and with the other secretaries of state before her as well as presidents of both political parties who have urged succession. the law of the sea concession is truly in the best interest of the united states. today the u.s. relies on oil and natural gas for over 60% of all of the energy we consume. the recent economic projections by our own department of energy i

two-year budget process is that we are concerned that presidio parkway, when it is opened up with the gerard exit, will create a new traffic pattern flow that will affect our neighborhood, pacific heights, marina, and cal hollow, so we would like to see a thoughtful traffic plan study in the city to look at where traffic is currently and where it may well end up once that presidio parkway has opened up, in terms of how traffic throat -- and traffic flows through lombard entered the presidio when they open up the exit. we do feel that that is going to become a traffic nightmare. and i would also point out that the superdelegates are high pedestrian and traffic gates because of jk park. it is health and safety concern in so far as traffic. i think people think we will solve traffic with a traffic light. that is not what we are asking for here. we're asking for a thoughtful analysis and a determination of what the right outcome is. you know, on the other side of the revenue and spending equation, we would just urge that as you're looking for additional sources of revenue, that you do not look g

gerard? >> senator, i was just going to add to that. tom mentioned something that was very significant today. the energy opportunities in the united states today are of game-changing proportions. to put it in simple context, the economist just a few months ago said within the next decade if the u.s. policy is done well, we will become the new middle east for energy production. that's how serious this discussion is. if we as a nation are serious about producing our own energy, so i think there's two dimensions to this answer. the first one is, we need to think long term. we have to look at things like the law to see and say how do we secure our energy future, not only the next 10 to 20 years, but the next 50 to 100 years. oil and natural gas will continue to be the foundation energy building block for many decades yet to come, even as we strive to move to alternative renewable forms and other lessee mitting forms of energy. the secretary dimension we shouldn't overlook, it goes back to senator corker's point earlier, we've got to get our

de música así es, mintió un miembro de trabajo sobre ese rumor de que esperaba su primer hijo con gerardanas y también marc anthony mostró su apoyo al presidente barack obama. >> los latinos jugaran un papel enorme y es bueno que tengamoss tanta incidenc donde todos pueden alcanzar logros. >> el día de las elecciones salgan a votar. >> nuestra querida amiga angélica vale y nació hoy y pesó seis libras y media y dijo que el bebé nació muy bien y agradece todo los mensajes de sus amigos y la bebé se llama igual que su mamá abuela y bisabuela, felicidades para ella y salud para la bebé hermosa, que la disfrute con su familia. >> sí felicidades y bendiciones. >> mariela magnato ha trabajado con famosas y vamos con los detalles. >> lucen espectaculares cada vez que desfilan y para eso buscan a esta argentina que ha trabajado con eva longoria. >> por ejemplo longoria ¿qué te pide?. >> bueno todas las personalidades tienen sus gustos personales a longoria le gustan las pestañas. >> también tuve el gusto de trabajar con ella, me encargue de todo el look de maquillaje. >> el tema es algo que marc

which provides free global calls and messaging i'm delighted to be joined by scott's first investor gerard locus jerk how does russia compare with the rest of the world for doing business when we fit investing in russia for the past seven years. obviously there's a number of things that sometimes make it more difficult place to invest and. there's certain so motion if you want a. governmental structures and so forth once you actually get the company go in. russia's could intervene early spirit but i think for i think for it to be competitive and actually to move up that ranking number things have to happen . just from what i understand of visitors from this estimate and i think also the first or number first steps are taken in that direction and i think that's not just something that is good for us but i think it's obvious absolutely necessary. for it to compete on a global scale one of those states is one of the world's biggest take census school code which is being built just outside moscow will produce the next big thing the next i think it's always been an interesting debate about russ

learn about the man who inspired gerard butler's role as ex-criminal turned crusader for the children gun creature. see how things are breaking down for brian cranston in breaking bad season four with all 13 episodes. pisodes. in new music, the beach boys reunite to mark 50 years with that's why god made the radio. patty smith brings her poetic rock and roll to an 11th studio album. neil young and crazy horse redo folk classic on their album, americana. country music superstar alan jack -- jackson sends out 30 miles west. lenny kravitz remasters and expands his 1991 album, mama said. plus katie perry gets animated with the sims2, katie perry's sweet treats to customize your fun. >>> we still have plenty ahead, more weather, traffic and

and jack gerard may want to mention. while there aren't in companies down on the deep part of the shelf, bringing up the rare earth materials, many companies are preparing to do it. you don't just go out there with a boat and throw something over the side. this is a huge, complicated, technical issue. and there is a lot of money being invested by american companies and by consortiums of companies to figure out exactly where it is, exactly how to do it, and exactly how to do it in a safe and environmentally sensitive way. >> thank you. >> thank you, senator shaheen. senator isackson, thanks for your patience. >> thank you, mr. chairman. thank you all for coming. it's good to have you here on what is today a historic day. i need to get a couple of clarifications. i wrote down a couple of things i heard in the absence of my having read the policy. i think it was shell that invested $4 billion in the arctic. they had sent two ships out recently from washington to go to look at their first claim. is that correct? >> yes. they

four one defeats a russian the opening match and they made a blistering start goals from fielder gerard six and what's left people are put them up after just five minutes the greeks were able to reduce the deficit so one goal less than ten minutes after restart however that's all the team could do as they now move bottom of group a and the czechs are now runners up and this is how the table is shaping up russia are one point clear and that's all that means they could afford a draw in their last remaining group game against greece on saturday and whoever wins the other match between poland and the czech republic would also reach the quarter finals. while on wednesday perhaps the most anticipated of all the group games will take place in the heart of where the netherlands so will take on great rivals germany and after the first round of matches in the so-called group of death this historic sigh has even more significance as skate park ridge now reports one of football's most famous rivalries as we know it began at the world cup final in one thousand nine hundred seventy four as legend has

i think the first time was gerard relieving himself on a plane. >> right. they were lucky it wasn't depar two. given the fact that i have the humor of a 12-year-old boy made me giggle uncontrollable and my giggle is the giggle of a 12-year-old girl. [laughs] >> jimmy: which with the jeans i was wearing. [laughs]. >> the second time was. >> jimmy: we have video. let's look at that video here. >> we're showing video of the prison where you are right now. what are the conditions like? >> there's concrete cells with overcrowded. hot. dirty, lots of insects, include ig ants and mosquitos. [laughs]. >> basically a hell hole. there's no running water. you have to fight everyday to get buckets of water.>> it's re. [ cheers and applause ]. >> jimmy: i think we combined a couple of different things. >> i think you mixed up some things. >> jimmy: we'll take a quick break. anderson cooper is here with us. we'll be right back. [ cheers and applause ] portions of this show are brought to you by bud light. s a. since the day video games were played from the couch. since b

shannon "happy" jackson. [ laughter ] gerard kipley. baxter flap. pete howell jr. and randy basket. randy basket! [ rhythmic clapping ] randy basket! [ rhythmic clapping ] >> jimmy: well, that's all the time we have here on "name that guy." [ laughter ] guys, come back over here. you all finished tied for last place with zero points. you all missed out on the grand prize of $15,000. [ laughter ] but, we do have consolation prizes. higgins, what will they be taking home? >> steve: well, jimmy, they'll each be getting a t-shirt emblazoned with the name of the guy they failed to correctly identify. [ laughter ] wear your shame in style. jimmy? >> jimmy: wow. that's fantastic. that's fantastic. thank you for bringing them over. how's it going? >> we found the hamster. >> jimmy: all right, good. all right, everybody. enjoy those prizes. we'll be right back with michelle pfeiffer, everybody! [ cheers and applause ] ♪ [ male announcer ] with ultra-filtered water from the first ever hands-free dispenser, and micro-climate controls powered by twinchill™ technology, the new ge french door ref

good to talk to you. >> jack gerard is the ceo of the api.than 43 bucks right now. big move, it's heading right back towards $1,600, i don't know what is happening. >> anything that is related to the weaker dollar this morning is rocketing higher, right? crude oil, gold, certainly has a lot to do with it. wow, it's almost a 3% move. >>> okay. when we come back, health care reform exists on paper but how's it going to be implemented? that's a big question and a large part of the process will fall to the states we'll talk to the governor of connecticut about the process and, of course, the challenges. that's coming up next. >>> welcome back to "squawk box" on this friday morning. forest lab shares on the rise. investor carl ichan is suing that company for failing to produce requested information. andrew? >>> okay. the supreme court's decision on health care has huge imications for the states, that's where a lot of this will get done. connecticut governor dannel malloy joins us this morning. you guys have been one of the leaders on this. and thi

. >> leo gerard, thanks for joining us, we appreciate it. >> thank you very much, enjoy your show. >>> still ahead, big news expected from apple could mean new mac books and hd apple tv and much more. we'll take an inside look at the unveiling live from san francisco coming up next. >>> a popular children's past time has been deemed too offensive for a neighborhood in denver. yes, that's it right there drawing with chalk on the sidewalk. we start with a play list by luther vandross, stop to love. [ male announcer ♪ abig splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! yoo-hoo. hello. it's water from the drinking fountain at the mall. [ male announcer ] great tasting tap water can come from any faucet anywhere. the brita bottle with the filter inside. blast of cold feels nice. why don't you use bengay zero degrees? it's the one you store in the freezer. same medicated pain reliever used by physical therapists. that's chilly. [ male announcer ] new bengay zero degrees. freeze and move on. >

right after that, we have the vilification of shirley's gerard. i am not making a critique of the administration. i am making a critique of the naacp, an administration who has been doing extraordinary work recently. but in that moment when she was presented to the american people by andrew breitbart as a racist, the leadership of the naacp to initially, although they came around quickly, initially said she should be ashamed of herself for her comments. they did not know who she was. that is fine. if you do not know who she was, if you have ever watched "eye on the prize," which i should anyone in the naacp leadership did, then the name should have run a bell for you. that willingness to see a rural black woman from georgia as an era of the expendable -- as inherently expendable -- and then, of course, in 2010, the fight between komen and planned parenthood. it is horrible what you have to laugh. seriously? we are talking about the pill in 2012. the outlawing of abortions that never actually occurred. telling sandra flu that she has to suspend aga

great to get your view this morning gerard cassidy. >> i'm a virginia tech hokie.e hokie nation came back stronger. how do you value a life? >> this is a big problem in trying to explain to people. >> impossible might be the word. >> well, in the programs i'm involved in, i'm really following the way courts in every city, village in this country have valued lives, economic loss, what would the victim have earned over a lifetime, pain and suffering, emotional distress. i try and implement exactly what judges and juries do every day in this country everywhere. but the recipient of the compensation they see it as the moral integrity of the lost loved one. she was an angel or he was fabulous or he loved his children, he was a great member of the community. and when you try and explain to people, i can't, i'm not a priest or a rabbi, i can't -- i'm not solomon. i can't value moral integrity. all i can do -- >> would you if you could? >> no. >> should you? >> no, you should not. who can do that? i'd rather do what a judge and jury do. how old was the person? what was she

michelle gerard, senior economist with rbs. eric ristoban. great to speak to you both. with you. based on the data we got this morning, what the fed said yesterday at the quarterly press conference does that change at all the way you view the markets in the next 6 to 12 months? >> we got what we expected. we didn't expect the fed to do qe-3. we expected them to continue operation twist. the economy is slowing. it's clearly -- it's clear we're experiencing a third consecutive year of soft patches in the spring and summer. i think this one you can lay very firmly at the doorstep of europe and the concern and the uncertainty around europe is something the fed cannot fix. they're going to need to address it. i think the market is going to be focused very heavily on what happens next year -- next week in the summit. >> michelle, it seemed at the quarterly press conference there was a lot of pushback on the chairman in terms of getting out there, getting in front of the problem and being aggressive enough. interestingly, there was a reute reuters poll this morning that polled