and also jennifer granholm about president biden's ballots with big out. mike santoli, what are you focused on >> some traction in some of the more cyclical air. also the market was not terribly overbought. we went back two last week's lows somewhat longer term, nasdaq 100 that's a massive mountain of relative strength. that's february 3rd 2020, the day the white house declared the pandemic so we kind of unwound the whole thing. it doesn't mean it's over. it suggests a lot of risks have come out as a matter of fact, today it looks messy in terms of the down side we'll see if that represents a surrendering >> mike, thank you >>> one reason is the fed. the message, the fed still has a way to go the comments from jay powell sent stocks into a spiral yesterday. tomorrow we get the october jobs report, and next week, october's inflation report joins usis richard clarida mplgts. >> great to do you, sara >> what did you make of his remarks jet? >> the press conference was a different statement. in fact, i was quite surprised at the fomc statement, in the sense it

we are going to continue extensive conversations with domestic producers, particularly secretary granholment, and myself had ongoing conversations and that is an important set of conversations to have. >> on the gas prices, do you think the opec legislation which was kicked around, and despite potential downside, pressuring opec plus? >> we have conversations with members of congress on what tools we might want to have to deal with these issues, the white house was clear, we will have additional conversations that make sense in that context. what we are doing is weighing the pros and cons, that approach can't say anything more beyond that. >> i figured you would say that. >> don't want to get myself in trouble. right now much of the conversation on energy reliabilities focused on getting europe through the winter, getting through what might be termed a forced rapid energy transition. the source of the plan accelerating, with passage of the ira and legislation. how do you think balancing the needs to deploy clean energy as fast as possible and make energy reliable? >> i don't think they ar

red tape and bureaucracy, the disappointment of energy secretary-general -- secretary, jennifer granholm, and the utilization of local contractor. there are priority needs in puerto rico, but none more important than being ready for the next storm. concentrating in five to 10 priority projects with special emphasis on those reference to the power grid. this project must be mostly from the line, i have the backing of all entities to get to the infrastructure as soon as possible. budgets, no matter what may be said on the how or why, the proposals are committing higher than budgets which means that projects cannot begin to be able to undertake the projects that puerto rico needs based on the agencies. the federal and local government must expedite budget adjustments to address inflation. local contracting, the local contractors and suppliers to reconstruct the islands infrastructure is vital to puerto rico for the recovery and progress. local contracting will create wealth and well-paying jobs that will remain puerto rico, section 307 of the act states the preference shall be given to firm

tom: there have been discussion the last couple of days with our interview with secretary granholm fromople that are pro-carbon, they have not forgotten. jon: i don't think we have. that was a bizarre conversation 12 months ago. tom: both republicans and democrats, let's be fair. the conversation that we have with lisa get bizarre, as well. lisa: can we move on? [laughter] jon: we are just having a moment. tom: annmarie hordern. as usual, on election day the writings are extraordinary. i always turn to the washington post, a terrific essay today, that the democrats have to stop with the naval gazing. for the democrats, it was the cards they were dealt. >> right now it is in terms of the energy story. they came into this administration with rhetoric that did not match the moment 12 months later, which was the fact that there was the invasion of ukraine. they were taking out a commodity superstore in russia. speaking of elections day, they actually busted out of the 70's. 3.80 average. this is something the white house is obsessed with. this is reflective of the president's poll numbers.

. >> the democrats, department of energy, secretary jennifer granholm, they've been talking about possibles on u.s. oils and refined products people say that's the wrong thing to do. it might jack up prices, not lower them we could debate it all day long. even with a couple of votes, does that change the likelihood we do not get export restrictions >> again, it falls under the category of the spr. yes, they could hold hearings on it, but the white house could probably use emergency authority if they want to go down the road of export restrictions they probably have the power to do so. the question is do they want to do it to europe? europe is set to impose very serious sanctions on russia, energy imports starting with oil. but they're also doing products in february. so if we were to cut off the export of refined product, that could put our critical allies in a very tough economic situation. the question is does this white house want to actually pull the trigger on product export restrictions >> do you think that could still happen and if it did, what's the impact, because i've talked to m

jennifer granholm is energy, i guess, she doesn't know what the price of gasoline is. this is a weak cabinet. the national security and defense, state and defense are stronger members there. but the rest of the cabinet seems to me to be noticeably weak and a shake-up would probably give him a new. >> dana: some might decide to leave on their own. >> bill: see if he uses the word shake-up. >> everything could be said about the election has been said. not everybody has said it yet. >> dana: we'll have another chance to see you tonight at 6:00 p.m. on that special coverage. thank you, great to see you. >> bill: we got a good shake-up of the satellite. how is the early voting there today. >> good morning, bill. things are busy and we scooted away, the technical gremlins and we're good here. 2/3 of the state voters reside where i'm standing in maricopa county. election officials expect 300,000 people to show up today. democrats who have won arizona in the last few election cycles kept their messages in the middle. republican senate hopeful blake masters seized on that over

i want to thank the secretary granholm for supporting the proposal and amidst the blackouts caused by the hurricane the preliminary study from the lab of renewable energy found the high exposure four times the amount of energy that it needs for solar power. now i want to welcome all the witnesses. thank you for joining us today. we welcome your insight and recommendations. now i will turn but first let me remind all the witnesses the five-minute rule will be more aggressively monitored. we have a lot of witnesses and it's a voting day. going back to the districts of their homes and so in order to maintain as much participation by members. i hope everybody sticks to that rule and i would remind members as we go forward. now let me introduce the witness. sir, thank you so much for the time to be here and you are recognized for five minutes. thank you for holding this hearing about the recovery of puerto rico. i'm pleased to report they are emerging from a challenging period with strength and optimism evidenced by the islands economics as the economy recovers we are working to ensure the

i had lunch yesterday with a senior person in business and he said the energy secretary jennifer granholmas no idea. we knew this anyway but this is an important point that you make how do you do a deal for unions when you've actually never done any business and understand doing a payroll. >> are acting like this is a surprise we had guest talking about the railway strike for at least for six weeks and all of a sudden kevin mccarthy is saying i'm not to put something forward that i haven't even had a chance to read, this is not new this is something they should be prepared for and i think really when you look at a 75% of americans support labor unions and in many ways i think they're reacting to poles and not to business. maria: you mentioned kevin mccarthy, let's play the sound he may not vote for this bill, watch. >> now they want to rush something to the floor tomorrow morning without members having a say, that shows you how weak this economy is but shows you what this administration has done to this economy. will take a look at it we don't want to harm the economy in any way but this

i think his energy secretary, granholm, said it best if they want oil in the short term, but 5 to 10 years, they want it to start going down. so they know intuitively that they can't get permits. drilling companies aren't going to get investors. so where are they to go? they've got to go outside the country to get an increase. and he's drained the petroleum reserve to a 40 plus year low, basically to save democrats a midterm election. i didn't know that was part of a strategic plan to use it for elections, but he is so late, jerry. well, first of all, the first recognition is that oil and, natural gas are so abundant, i cannot imagine we'll ever run. now, that doesn't mean they're infinite it means that they're not finite by. the time we will be having a new energy source, just like coal is no longer use the way it was in the fifties. we have so coal we wouldn't know what to do with it. it's not enormous amount of coal all over the world and we're not using it. the second part is that the the politics of this are to negate the economic base. in other words, we could have a abundant e