u.s./india relationship exists in its own vacuum and the u.s./pakistan relationship exists in its own vacuum and the bureaucracy isn't structured to look at it in a unified way. there's no one position or envoy that works on india/pakistan engagement for example. think about that as kind of a new policy prescription for the next administration. so i also think there's something else happening which we don't talk about that much, it's becoming harder to defend the pakistani position on militancy and when you talk about kashmir, you can't ignore that, and kind of the use of proxies, and the past decade we've seen this issue become much more violent in afghanistan, it affects american interests directly and so when you translate that and looking at kashmir, i think you'll find there's not a lot of u.s. support for the pakistani position and something for the pakistanis to think about. >> thanks. one, two and three, please. if you can make this short. >> sorry, i won't be. i have two comments and then probably a question. the first is -- >> sorry, h

u.s.-india and the u.s. and then deciding what policy should pakistan or india have i think they would decide in the second thing is we've talked about what we would do in case another attack happens, what would the u.s. do? with all these separate that dramatically isolate and pakistan. my question to the panel is what do you think pakistan would do if that was cornered? >> just to make clear, i don't think we are deciding on are deciding on india-pakistan a policy that are debating it. i don't think that's a problem. >> hi, i am currently not associated with anybody, but for nine years of living in kashmir and 20 years in india and my question is i'm really very happy you brought the modi context in this debate because they think there is a lack of understanding of their radicalization and that is happening in that area as a result modi's prime minister share. my questions are such in the last couple days there's been a new army chief appointed and india. .. may actually itself get more involved in working

u.s. is that india and pakistan problem may derail or that he potential to derail larger u.s.nterest in the region which are being driven by u.s.-india cooperation. >> if i may come to you, and you mentioned this but everything mentioned this. the pakistan behavior and the question of changing the pakistan behavior, the focus, effort, others have tried, what checks pakistan behavior? i think a lot of times people talk about reducing and increasing and i see no evidence that assist stabs -- assistance changes it. what is going to change? may well be india and the relationship but that may not be do-able. is there anything here that is realistly to do to change the pakistan behavior? >> in short, no. i don't think that's going to work. we have seen that over the past decade and prior to that. pakistan behavior changes when it realizes it has certain interests its wants to pursue. we different see a change in pakistan are orientation towards certain militant groups in the northwestern areas. we did see that. that's observable. they went after them and suffered the backlash of tha

u.s. side, i think it's the number one issue. it's not the relationship with india. hat is in a reactionary mode. i don't see that changes it must we go to zero troops in afghanistan in the next year and less that situation changes, i think the u.s. is counseling going to have to balance how it approaches peace between the two countries. i remember having a conversation in 2008, and at that time were giving a lot of money to pakistan, and being at the state department a senior official said kashmir is not a national security interest. as long as we can manage india i think we will be okay. i think the comment is interesting and perhaps we need to think about it on the indian side that they're not going to respond to u.s. attempts to restrain them anymore. we don't know what they're going to do i would ask you to elaborate on that little bit. what possibly could happen in the event that they choose not to respond to u.s. pressure? >> you saw the interesting debate breakout after the attack on september 18 were in the beginning india looked as though they were going to

and the india/u.s.ionship is also very important. >> absolutely, by the way, donald trump spoke at length during the campaign. we got a lot of support here in the united states from a lot of hindus, that was a key constituency for us. he's been very effusive of his praise of the prime minister of india, of modhi, i think those two men are going to have a close working relationship, which is very important. the u.s./india relationship, look, we're friends with both. i would say india is a more dependable friend. it's less complicated than pakistan. india need not worry at all in a trump administration about the friendship of the united states both in security terms and perhaps more importantly in economic terms. that we're going to have a fair and free trade relationship with them. indian-americans shouldn't worry that donald trump has anything but their best interest at heart. he used some flowery language. he was very complimentary. he made no policy pronouncements. we would never turn our back on indi

the u.s. india relationship existed its own vacuum and the u.s. relationship exists on its own back in. the bureaucracy is the structure to look at it in a unified way. there's no one position that works think about that is a new policy prescription for the next administration. i think the is something else happening which we don't talk about that much and it's becoming harder to defend the pakistani position on militancy. and you can't ignore the in terms of the use of proxies. in past decade we have seen this issue become much more violent. it affects american interest directly. so when you translate that i think you'll find there's not a lot of u.s. support for the pakistani position. i think that is something for the pakistanis to think about. >> one, two, and three please. >> if you. >> if you can make this short. >> i have two comments in a question. >> because of time i need to get to others let's make it as short as possible. >> your talking about the pakistan and india and then deciding what policy should pakistan or india have come i thi

you can see china, the u.s., and india all combined. it is 40% off the entire world. times have changed a lot. the biggest one in china. it has developed a times our emission and the u.s. is five point five more. india is there, those are the second tier countries. a lot of emissions. i just want to let you know the reality here. my main presentation is this. one part succeeded. i think this is a very important thing to consider when you talk about the future. first of all, there were some political elements. a sense of urgency, of france and germany playing an important role. i expect an initiative there. they did quite a lot. $100 million for the egotiations. the french government was working on this, including the president and foreign minister and her. the professor said, if a u.s. played an important role in terms of removing bifurcation. that is very important. terrorism, as you might remember, the 13th of november, there were paris attacks. we thought it could be counseled because it was only a few weeks before. e were very much worried about that. the french go

u.s.-india defense relationship is the closest it has ever been. through our strategic handshake with america reaching west in the rebalance and india reaching east and what prime minister modi calls the policy, our two nations are exercising together by air, land, and sea, and we have the technological handshake as the trade initiative grasps hands in the campaign. that is helping the country move towards a more diverse codevelopment and coproduction system for developing and procuring weapons. and now in the third phase of the rebalance, it will be necessary to cement the progress we made in the first and second phase -- and more importantly to build upon it. the united states will continue to sharpen the military so we remain the most powerful military in the region by increasing and targeting investments and capabilities suited to the region to ensure that we stay the best. more on that momentarily. we will also continue to make leap ahead technological investments, including some surprising ones that will help us keep the lead in the asia-paci

u.s. allies, india and afghanistan. >> pelley: major garrett in washington. major, thank you. well, this presidential campaign that most folks were glad to see end suddenly re-erupte night at a postelection forum at the kennedy school at harvard. >> reporter: 16 months of tension boiled over thursday in a conference room at harvard's kennedy school. clinton communications director, jennifer palmieri, argued there were some stains on the trump >> that's just crap. >> reporter: trump campaign manager kellyanne conway was sitting right across from her. >> so you guys -- >> guys. >> reporter: clinton media strategist mandy grunwald had this backhanded compliment for >> reporter: trump aides, she argued, had flooded the web with fake stories about clinton. >> reporter: conway shrugged off the criticism on "cbs this morning." >> obviously some of these for donald trump to become the next president of the united states. >> reporter: this panel was meant to serve as a first draft of campaign history. apparently, history will show, scott, that both sides were still nurse something seri

u.s.-india defense relationship is the closest it has ever been. through our strategic handshake with america reaching west in the rebalance and india reaching east and what prime minister modi calls the policy, our two nations are exercising together by air, land, and sea, and we have the technological handshake trade initiative grasps hands in the campaign. that is helping the country move towards a more diverse development and production system for developing and procuring weapons. and now in the third phase of the new balance, it will be necessary to cement the progress . we made in the first and second phase -- and more importantly to build upon it. the united states will continue to sharpen the military so we remain the most powerful military in the region by increasing and targeting investments and capabilities suited to the region to ensure that we stay the best. more on that momentarily. we will also continue to make leap ahead technological investments, including some surprising ones that will help us keep the lead in the asia-pacific and

u.s. so if you have to say anywhere in the world where there's real pent-up demand, it's probably india and.s. if u.s. is going to be one of the cents of growth you want to be domestic chi focused anyways. so it's maybe good policy. >> maybe they'll still keep buying those imports, rather, in the u.s. >> yeah. that's right. >> thanks very much. >> thanks, guys. >> as we head to break, let's look at the nasdaq. as we were mentioning, tech has largely sat out the trump rally though it is surging this morning. the nasdaq is doing a little bit of catch-up. costco and apple leading the way in the nasdaq. before we go to break, rick santelli, tell us what you're watching today. >> i'm watching yields in the u.s., hardly noticeable with regard to where they're currently trading. we had an ecb meeting today. the dollar has overtaken some ground i would's covered before so we'll talk about mario draghi, his press conference, the ecb. does he have all his ducks in a row? i'm not sure. but we has four dack snshgs a row. no matter how the markets change... at t. rowe price... our disciplined approach r

julie: we will take you from washington to rome and cover stories out of india, and theand and the u.s. next hour. but first, at&t executives are set to testify on a proposed merger. randall stephenson and jeff dukas and mark you can are about to go before the senate judiciary subcommittee on antitrust, commission policy on capitol hill. if the two companies are able to go ahead with the acquisition -- the committee chairman michael lee and a ranking member will give opening remarks as well. we will continue to bring you updates on this hearing over the next hour. you can also watch right now on live no. minutes into the trading day and abigail doolittle has a sideways day. abigail: not a lot happening. we have the dow and s&p 500 day sickly flat. biotech shares are weighing us down. this puts the dow on pace for yet another record close. interesting here is that we did have a nice rally in asia and europe to some degree. ahead of the ecb decision tomorrow with the hope that the ecb will extend the bond buying program. that rally is not extending here at this time. another reason for g

visit ncicap.org] >> tomorrow, a discussion on tensions between india and pakistan and the potential u.s. diplomatic role for the next administration. watch live beginning at 10:00 a.m. eastern on c-span3. now, retiring washington state representative jim mcdermott talks with c-span about his time in congress. since 1989, he has represented the seventh district of washington. from 1991 to 2016, he served on the ways and means committee. mcdermott,essman jim democrat of washington state, representing the seventh congressional district for 28 years. why did you decide to retire? rep. mcdermott: well, i have seen a lot of my friends die, and i have seen a lot of my iriends in congress lose, and just decided that there was a time in your life, if there was anything else he wanted to do, i would go do it. in three weeks i will be 80. if i live toelf, 97 -- i do think i will have that long. there are other things i want to do. i'm not retiring, i'm just going to do with the things. host: what are you going to do? rep. mcdermott: i hope to teach.

u.s. military commander would trade for russia's or india's or pakistan. we have cut nuclear weapons steadily since ronald reagan and of those 15,000 worldwide, the u.s. and russia have about 95% of them. when they start talking about building up, the rest of the world is watching. what's china thinking with about 250. are they going to modernize? here's the thing where donald trump can turn this. he can take a page out of ronald reagan's playbook and make a deal with putin. it's clearly on his agenda to have improved relations. the component has to be a big part of that. he could make the deal of his life by early in his administration by cutting both country's arsenals. saving hundreds of billions of dollars that we don't need to spend on new weapons and using the money for other purposes. that will put him in the history books. >> in the meantime, we have the spector of social media, absent any news conferences. it has been 148 days, the most we hear, we had 74 seconds of him. the most we hear from him is on social media. he took to it again later today

u.s. ally, india, which of course is a staunch adversary of pakistan, wolf. >> all right, jessica, thanksschneider reporting. let's bring back our panel, dana bash, mark preston and eugene scott. it is pretty strange, some of these comments, that the pakistanis insist donald trump made to the pakistan prime minister. given the history, first of all, the u.s./pakistani history. there's been tension in the past going back to when bin laden was found there and the pakistanis saying they knew nothing about it. the u.s. not so sure about all of that. >> it's hard to believe. >> any reaction we're getting yet from the trump transaction on the statement, the so-called transcript put out by the pakistani government? >> so they're referring us to a statement the trump transition put out about this call and another as well. which is very -- if this is the way statements are usually put out about calls, in diplo-speak, very vague where you can take really anything from it. the gist of it is they had a productive conversation about how the united states and pakistan will have a strong working relatio

it is a multinational partnership involving science enterprises in the u.s., canada, india, japan andna. >> scientists, we love what we do. we adore it. okay? we just don't understand sometimes that those around us, while they might be please with it, even excited by it, may not adore it the way we do. that's a blind spot. >> reporter: observatories started appearing on the summit of mauna kea about 60 years ago. there was always opposition, but it blossomed in the late 1990s, when nasa proposed four smaller telescopes be placed beside the big keck mirrors to enhance its resolution. but the idea was scuttled amid local opposition. t.m.t. managers say they tried to learn from that experience. >> we tried as best we could to meet the concerns and actually, to become part of the community rather than mere visitors of the community. so, when the opposition emerged, the additional opposition emerged as we began the groundbreaking and the construction, frankly, we were surprised. >> you let mount fuji stand. mount fuji is sacred. our mauna kea is just as sacred as mount fuji. please hear us

india. the nonstate actors involve in the process are also involved in afghanistan and now. so that's the common link and that's what i'm focusing on right now, during my time at the policymaker in the u.s. government. that's what we were kind of honing in on, and that's the -- the india-pakistan relationship has tons of problems many of which will just by bilat program and the u.s. doesn't have a roll until it's needed but i think if you want to focus on pakistan you have to question, do these policies work? is it in our interests to continue whatever engagement we have with nonstate actors and in our interest in the context of the region and the united states and uk are looking at this with deep concern especially with isis and other jihaddist elements finding private support networks in pakistan, whether the state is involved or not. so this is a much bigger issue than just india not being responsible or pakistan being the bad guy here. >> so two things on the modi election, one, from my understanding, the main reason state are sponsored exist surveys he was elected on the issue of the economy and management, stewardship is the prime reason for that. afghanistan has a history of work

in india, it's 90% cash economy. of u.s. less than 10% transactions are in cash. sons should they be applying for from india experiment? >> i don't think if i want to model.ezuela as a role their big bill was two cents. inflation.mpant i don't know what they're thinking. by the way, one thing india could have done is stamp the old bills. the greeks thought about that one. goinghey thought about off euro. turn them in they got a stamp. the idea is there you still flush out the money but at cash toople have the conduct transactions while the replacement is happening. odd.es seem >> by the way, the new note don't fit in the atm machine. >> ultimately though, what are you going looking for? with your book regardless whether they've done. it's live realtime experiment. >> they give some of the reasons why he's doing it. we go back and economist like yourself look at this period, what are going to be the data points that you're going to want see whether this work well or didn't work? think there are two aspects. there are going to be thousand papers on this what was the

u.s. election. i'm not trying to pick on india. let's show you another country.ve seen thailand and malaysia and indonesia without close so far this quarter -- with outflows so far this quarter. south korea has had net inflows. we will click on this. 11-8-2016.rt at these are the days after the election. was. was when the bottom then money coming into south korean stocks. it is a great function to check the countries and quantify the money moving in and out. julie: really interesting, because we have seen debate about emerging markets, whether they would be a good buyer not. -- buy or not. china to put them all in one basket. in which would perform better. i will get back to one of those top stories, the settlement between deutsche bank and the u.s. government over and the s abuses. -- over abuses. in this is the equity ratio. thanks to bloomberg intelligence for taking a look at these numbers. the concern with deutsche bank is if they got too high of a settlement, they would be forced to raise capital, because the tier one ratio capital is lower than many compet

the smartphones currently sold by third party vendors, india's wireless market expected to overtake the u.s. next year. and it is just behind china, that at least according to idc. of course china also continues to be something of a question mark as we head into next year in terms of apple and what may or may not happen as a result of the changing nature of the relationship between our country and that country. >> maybe one reason that tim cook has been focusing so much on india even though china is clearly a gross buy. went back to the october call cook asked about india. here's what cook said. i think it's important to look not only at per capita income, which may be what you're looking at, but sort of look at the number of people that are or will move into the middle class sort of over the next decade and the age of the population. if you look at india, almost 50% of that population is under 25. and so you have a very, very young population. responding to the fact that the population size and some of the demographics match up to china even if the gdp doesn't per se. >> well, the demograp

u.s. or in india, a maker is a maker, and people who are interested in sort of technology and using technologyreating tools, it's a very similar mind-set, and people connect with that over the internet now. so i think it's a really rich community that's coming together. >> all right. asha, thank you very much, and to you, margaret, and to you, chris, as well. we explored very interesting ideas, based on your expertise and passions. thank you for spending the time today. >> thank you so much. >> hope you had fun. >> lovely. enjoyed it. >> excellent. well, hopefully, these conversations will spur others and use it as a starting point and a trigger for discussions all year round beyond this asian-pacific american heritage month. we hope you enjoyed the program. now back to you, cheryl. >> thank you, kristen. for more information about today's program, just go to our website, abc7news.com/community. we're also on facebook at abc7communityaffairs. and follow me on twitter @cherylabc7. i'm cheryl jennings. thanks for joining us. have a great week. (wind gusting) (thud) aah! holy crap! eve, honey, lo

india, even washington as well. >> the cooperation between russia and the u.s.find a solution to global conflicts is imperative. reporter: the choice of donald trump publicly played a large role in what you to say. but with the muscovites say when they read the word, usa . we asked. >> they are describing america as great, gigantic, friendship, even love. not a mention of the rekindled the cold war. vladimir putin also appeared to civic pride in leading the country out of economic crisis. >> the future of our land depends on us and to work ethic and a talent of our citizens, on their sense of responsibility and success. yes we can, together. that was his message for the russian people and the international community, including the usa. reporter: a sentiment echoed by many in the russian capital. >> despite the cold winter, russians are looking forward to warm relations with the usa. reporter: and until things thaw, vladimir putin will have to find solutions is government can afford. brent: in the u.s., some believe russia may have manipulated the presidential el

u.s. just behind china, and apple only has about a 5% footprint in india right now. so it's kind of critical for apple to make this deal work in order to get their stores in india. but it's a very different environment right now from china. >> finally, snap, inc., has an early message for ipo investors. we're the next facebook, not the next twitter. according to "the wall street journal," sources close to the company's road show are pitching the snapchat product as something that could evolve into a content powerhouse led by founder evan spiegel. they're portraying as millennial and product advertising and visionary. interestingly, kate, when you think about twitter versus facebook ipos, at the time of the ipo, facebook was viewed as a flop and twitter was viewed as this runaway success. so how should any company who's going public even try to compare themselves to those two situations which have turned out vastly different? >> well, you're right. and i think you have to look at the broader trend in both cases. looking at snapchat one of the things that's interesting

u.s. and india all combined, it's 42% of the entire mission of the world. -- emission. sometimes a changed a lot. and then this is maybe at bit difficult to see. the biggest one is china. it's about eight times more than our emission, and the u.s. is five point, 5% more. and then we have japan, and indy is there, rush is rush is up there. those are the second tier countries with a lot of conditions. i just want to let you know the realities here. my main resin taking his abyss. one part has succeeded, and i think this is a very important thing to consider when you talk about the future. first of all, there were some political elements. there was a sense of urgency and france and germany played a very important role. i do respect the initiative there. they did quite a lot. as i understand it, france spent about $100 million for the entire negotiations, and the entire french government was working on this including the president and foreign minister and their energy minister. and again as the professor said, u.s. and china cooperation played a very important role in terms

. >> among the top emerging markets, india and turkey are the classic example of those vulnerable to higher oil prices and u.stes. turkey has seen a lot of pressure, because of that. india less so. that's because india still has reasonably good domestic story. at the end of the day they're posting the highest growth rates among the major emerging markets. but we do recommend and underweight in indian equities because, as you say, everybody has liked it for many years. oil prices are going up which is a drag on the market. we think the commodity exporters will be performing better. >> i just realized we spent a lot of time talking about european political risks for 2017, greece, italy, france, germany. but we have stopped talking about political risk in emerging markets. is this something that could rear its head next year? >> sure. it is always good for surprises any time. the question is what is priced in? a couple years ago, yen was expensive, currencies were overvalued, investors were overexposed, then the commodity shock, strong dollar, lots and lots of politics across the board. today em currencies are o

u.s. and u.k. what impact didn't have across europe? airlines in india will be fined $7,000 if their airplanes release waste in the air. justin braved a trip to the airport. reporter: the airplanes are emptying the toilets over the indian capital. a retired indian officer says his alchemy is regularly splattered with human excrement. prove it was from airplanes, but it was taken up with the environmental court. they have ordered the indian regulator to make sure that airlines do not dump human waste in this way. there will be spot checks on toilets. if the tanks used to store human waste our inti, the airline could face a fine of 50,000 rupees, 600 pounds. a senior indian pilot told the sometimesirplanes do have to discharge waste from the toilets. he said it is a rare emergency, like when they discharge fuel to reduce the weight of the plane. way to discharge waste is blue icicles. the waste can build up around and because the airplanes fly at such a high altitude, it can build into a block of ice. it can fall from the plane and occasionally cause real

in a surprising india, the central bank unexpectedly kept interest rates unchanged before a possible increase in u.sia is waiting to see the impact of the government decision to ban 86% of the currency in circulation. global news 24 hours a day, powered by more than 2600 journalists and analysts in more i am taylorntries, riggs. this is bloomberg. francine? tom? tom: thanks so much. let's get to our two esteemed guests, first, equities, bonds, currencies, commodities. ecb out tomorrow. -- nexthi's comments screen, please. breaking down finally from what we have seen the less two weeks, below 12. gold as well hovering. francine: i like the fact that you are looking at gold. i am looking at a lot of european stocks. the banks are coming out with more cost cuts. they had to redo some targets. the share price is gaining. extending the -- goldman sachs extending the longest streak since september. crude, 51. there was a little bit of optimism after we heard vladimir putin wanted to speak individually, himself, to his oil companies, and also to cut production. tom: we have spent weeks where our people tal

india. it has been a strong year, end of year for u.s. financials with a surge in bank shares since the presidential election. what a run it has been. the trump trade has made stocks the best performers. let's pick up the conversation with charles newsome. charles, do you think the market has gone ahead of itself here? this hope that the thrashing and deregulation of the u.s. banking industry is going to herald some kind of new horizon? >> we have been enthusiastic of u.s. banks for a while now. because we felt that they were ry -- weren't particularly expensive and have been through a lot of change in and the likes of jpmorgan and goldman sachs were run by capable teams that have put these banks into a great position over a long period of time. and they were not particularly expensive. however they have had quite strong moves, we have seen recently. that doesn't in our view or in my view change the investment thesis. however for u.k. sterling investors, because of the weakness of the dollar, the moves have been so strong people should pe

u.s.. other people like mark i-india lindsamartingalelindsay and a fe done different tests and they get the same results. they can say things like paul krugman and i got the high information voters are more in favor of immigration than the average voter and they are in favor of increasing taxes and reducing taxes and the policies they advocate don't go in a republican direction or libertarian direction. they are nuanced. although it does seem like they can in the libertarian direction since i'm a libertarian and i wrote a book on libertarianism if you understand the world better you would be more libertarian, so that seems to confirm that in general they are the informed electorate is more libertarian than the uninformed public that we have doesn't go all the way. if anything they might be sort of more nuanced pro- welfare state people that advocate a significant degree of economic liberty but they are not going to dismantle the welfare state. >> host: it is sort of the consensus of where the country is. they have a welfare state but they understand where it is expensive and they have more

u.s. and russia between them have 93% of the world's nuclear arsenal. so if he does accelerate the arms race, what are the prospects for other nuclear weapon states -- china, indiapakistan -- who in relative terms, have virtually none? >> when you do bar graphs, you see the u.s. column the way high, russia's call him the way high, the other countries with 100 or so nuclear weapons barely register. it when the big guys start talking about building new weapons and the u.s. is are ready on a path to spend $1 trillion on new nuclear weapons over the next 25 years, and then expand those arsenals, they are basically telling the other countries, start your engines. what is china going to do? they have about 200 nuclear weapons now. won't they feel pressure to expand? india and pakistan? you can see the chain reaction this sets off. that is why reversing this three decades long u.s. policy of reducing nuclear weapons is so dangerous. you should not be making new care policy on twitter. it is not a responsible way for any president or any individual to behave. amy: i want to turn tto comets president obobama made when he s the democratic presidential nominee in september

india has ever seen. the final resting place of one most powerful politicians. jane: the u.s. election was full of memorable moments. many provided by the now president-elect. near the top would be the showdown mr. trump had with newscaster megyn kelly 20 challenged him about his statements about women. that made her the target of some of his most scorching tweets. kay.sat down with katty katty: the keli files is one of the most highly rated cable news shows in the u.s. megyn: i am megyn kelly reporting from washington, d.c. guest interviews and news that showcases media savvy and her background as a lawyer. she sparked a national conversation with this remark to donald trump at the first republican debate. katty: you called women you don't like slobs and disgusting animals. >> only rosie o'donnell. record, it was well beyond rosie o'donnell. katty: that prompted insults from mr. trump who called kelly a bemb and unprofessional. her tv ratings has soared and her new book is a number one best seller. what a lovely reception. there i am with bbc world anger katty kay. katty: i c

u.s. workers by outsourcing them to china and india, those jobs are starting to be automated, so we have torepare for the next paradigm of how the public and the constituency of the united states prepared sellthrough education initiatives so that in the next 2.0 technology world that they are able to work and contribute to society. even jobs going overseas will be taken over by robots. it is interesting that kanye west was invited. emily: and they came down for a photo op. travis kalanick was not there. the company said he was traveling. he was named to the strategic and policy forum with the elon ceo, in addition to business leaders who will be advising trump on how the private sector thinks about some of these issues. is there anything you can tell us more about this particular meeting? >> i think it will be unclear important it will be to the strategic policy initiative. it includes pepsi ceo, but i think trump will be turning to them to talk about the future of transportation, how transportation and technology will work together, so this will hopefully be a good one as the communication

u.s. was going to -- rise demand more than a globe near record demand in china india as well i think u.s. going to take fire really a big -- >> how long is it going to take for trump to get oil spriergs drilling on federal lands obama effectively -- for 8 years. >> i think it is going to not take that long, you know, president obama -- called for executive orders i think you think move quite quickly on this there i are going to bb some things president obama when he took the arctic shelf off the map, that is going to take time, probably have to go to court, you may even have to go to congress, but i think some of that the restructure you areing obama put on most executive orders can be looked at -- >> doesn't take that long to reramp production in places like texas frequency, that is something you didn't talk about, some people will say preventative prevent from 70, 75 dollar oil. >> you know, i think in you are right they are going to see production start to edge up but the we still have a long way to go, to where u.s. production, a year ago, even, all addition additional rigs we are bel

u.s. manufacturers to stay put. boeing and lockheed martin proposed plans toç build f-18 fighters in india, both argue it would not d to a loss in the u.s. trump's remarks may have been inspired -- an illinois manufacturing group last friday where he said the u.s. needs to take a leading role in shaping trade agreements. he said, "if we do not lead when it comes to writing these rules, our competitors will write them for us." shannon? >> thank you very much. >>> even though republicans control both houses of congress, that doesn't mean lawmakers will be a rubber stamp for the new republican president. in fact, some might be extremely difficult. chief congressional correspondent mike emanuel has that story tonight from capitol hill. >> reporter: the trump administration agenda is already facing some resistance on capitol hill. even with vice president-elect pence starting discussions here. the president-elect floated the idea of a 35% tariff for companies that move jobs out of the country. top house republicans have dodged question about it. >> what the president-elect is talking about is how do we create more jobs

u.s. over the next few years. the big news is whthat the interest rates in india are holding steady. >>> citi traders orders exacerbated the fall of the pound to the left level in 31 years. the u.s. bank responded that it managed the situation appropriately. >> postnl has rejected the third and final offer from bpost. the board of the dutch post the company turned down the rival's bid citing concerns over the belgium government's 40% stake in the company and said the acquisition could have a negative impact on the company's resilience. >>> a reported probe into the production of commercials in the united states has sent shares in wpp and publicis lower in european trade. the "wall street journal" said the u.s. department of justice was investigating whether tenders for advertisement production were rigged to favor agencies over independent producers. cnbc received no comment from publicis on the report. we'll bring you updates as we get them. let me bring you a note from the analyst that says while it does not expect any number changes on the back of this article it adds to the negative sentiment that has built up thro

u.s. command. sends a notice through india. if you approach the river. will be forced to act. those are discounted. mcarthur meets with truman at wake island. discounts warnings of chinese intervention. take pyongyang, the eighth army in the eighth area. operating in this area over here. finds some chinese volunteers, mcarthur discounts them, launches an attack to be home by christmas right before thanksgiving 1950. at this time. 00,000 chinese attack. u.s. army fights a desperate army here on the river. meanwhile, u.s. marines here at the rz advisory are surrounded by the chinese and again to fight their way to 60 miles down on the coast. it's one of the marines said, it's not retreat, it's attacking in another direction. flocked their ways through the mountains back. u.s. seventh division which had reached the river here, turn around and pull out december 12 through 24, 1950. this is an important moment in history. because there were 100,000 korean refugees that have lived in the north and don't to want stay. and they show up in the port and there are no orders about what to

u.s.. elon musk is on donald trump's business advisory team. the suit alleges petitions anduded confidential data financial information related to india's biggest conglomerate. global news, 24 hours a day, powered by more than 2600 journalists and analysts. angie: to she but enduring another tough day. after admitting losses to its u.s. unit could be in the billions of dollars. the company has lost a third of its value. let's bring in our bloomberg reporter. to explain this unit, we have to go back to 2006 went to sheba bought westinghouse. westinghouse is a maker of nuclear units. they were betting the nuclear market would be booming. fast-forward to today and you have the fukushima disaster and other problems that have stopped nuclear from progressing. on thea put their bets reactor being built in the united states. they are over cost and a delayed. in order to get them back on track and reduced to some of the cost, toshiba decided to purchase the unit constructing those reactors in the u.s. last year. because the units have been fought over so much, toshiba might actually have to bear the cost. a right translating to down. write down. does t

u.s. drug makers anma company in india and australia r are all named in a lawsuit inn nearly 20 states.ta dru companies conspired to hike the cost of an antibiotic anbota diabetes drug. dg. one lawmaker claims the price of one drug rose from $20 torom0 more t of months.onth >> are you looking to adopt a new dog? that's the question qe for you this morning. the pups would still make it as bomb sniffing dogs could be your next pet.ext >> the t.s.a. has a program t .s.awhich lets you adopt dogs ta went through explosive elo detection training but simplyuty weren't up to snuff. snuff they can also adopt dogs that da have served and retired fromireo the t.s.a. the agency put out the callhe cl about a year ago but there's been recent renewed interest in the program with the story ts going viral once again. now, most of most of the dogs we raised in kennels not homes and you have to go to san in ken antonio texas to pick them up. >> okay. >> all right gary i heard you talkingig eht garlier about thee possibility that thereib wouldn't be anyil snow here. >> not going to be any snowbe aw for chris

india right now. how would you describe overall trends in u.s. security relations with pakistan at the moment? >> again, this is a relationship extraordinary and complex but one vital to us and has its ebbs and flows. we may be have been for the last couple of years in -- at a lower point than we've been at the past but i think this is a relationship we have to have and we have to maintain as we move forward. i'm encouraged by the transfer of leadership that's taken place here. i think it was good. again, there are a lot of potential ways that could have gone. i think it went the way we would hope it would have went. i look forward to talking to the general in the next couple of days and beginning to develop our relationship with him as we move forward. i think it's important with all of our partners across the region here that we take the time to talk with them and listen to what they are telling us and to make sure we understand the situation with granularity. we can't always look at things through our american eyes all the time. we have to understand what their concerns are, what their inte