new capital investment, new factories, new american jobs. novellus, a leading producer of rolled and recycled aluminum broke ground just this week on a new factory in guthrie, kentucky. the company is choosing the commonwealth to build a 400,000 square foot facility and create at least 125 new jobs. and they're not keeping any secrets about what's helping them make this investment. here's a quote. a favorable economic environment including the significant possible impact of tax reform in the u.s. reinforces novellus' decision to expand at this time. this is not just a kentucky phenomenon. according to a new sawyer vai data from the national association of manufacturers, more than 93% of u.s. manufacturing firms have a positive outlook. 93% of u.s. manufacturing firms have a positive outlook. already 77% of manufacturers are reporting hiring new workers and 86% say they're investing in plants and equipment. many american communities revolved around these manufacturing facilities. sadly, during the obama years, they were among the most likely

investment. and creating tens of thousands of new jobs openings. and to fill some of these job openings, the company is partnering with community colleges, high schools, and other workforce training programs. this all comes on the heels of the company's other recent investments, like a new 93,000 square foot facility in lansing, michigan, and a new 80,000 square foot facility in folly, alabama. what's making all this possible? according to united technologies, the competitive tax system resulting from u.s. tax reform is encouraging global companies such as united technologies to make long-term investments and innovation in america. this announcement is exactly the kind of headline you'd expect to see in an america that is growing again. it's exactly what you would expect to happen as republican policies continue to get washington, d.c. out of the way of american workers and job creators and let them do what they do best, build an economy that's the envy of the rest of the world. yesterday's announcement was no isolated incident. we're hearing annou

for me i'm like he's such a liberal i can't i can you know i mean it's interesting space books investment news moderation is going to rely on this combination of human the value waiters and artificial intelligence which to me sparks this interesting question who do you trust more or rather less you know in judging what is real news or news or are newsworthy you know the potential. biased human who is going to make decisions based on what they believe or a computer algorithm which is going to make mistakes because it's a computer algorithm designed by people so here is the thing if only everybody was as honest and smart as the three of us here the fact of the matter is though seriously the fact of the matter is when somebody says well it's our responsibility we're going to determine what's news we're going to make sure that no fake news is there we're going to judge what hate speech is well then you know what just say according to us this is what we believe is fake news this is what we believe it's a speech and we're not going to let you see it if you want to see everything then go somewhere el

while that is good news, sustained investment will be critical to ensure americans have a modern grid that can deliver reliable power at a reasonable cost. a predictable regulatory essential tos reduce financial risk and attract new capital. after we attract -- after we passed to the energy bill of reduceerc was tasked to injections on the grid. ferc responded by giving financial incentives that met certain criteria and ferc issued landmark rules to regulate how transmission projects are developed. order 1000 is the agency's most recent attempt to regulate interregional transmission planning, while encouraging competition between transmission developers. however, as we heard from witnesses and earlier hearings, while some regional planning processes have become more effective, order 1000 has all but failed to develop new lines among and between rto's in planning regions. allowing new rule developers to compete against traditional utilities have been ineffective. we will explore these challenges associated with transmission planning, cost allocation and construction. while high-voltage

but this is the sort of ignite growth we have been used to a new services businesses that don't require investmentusinesses that don't require investmentjust a supply of people willing to work hard for modest rewards. unofficial estimates —— on official estimates, the first time in eight yea rs, estimates, the first time in eight years, the number of jobs estimates, the first time in eight years, the number ofjobs for by eu nationals is down. those from countries such as the czech republic whojoined in 2004 countries such as the czech republic who joined in 2004 are down by 90 1000. offset by an increase in workers from romania and bulgaria. what sort of jobs workers from romania and bulgaria. what sort ofjobs market do we have? we have seen another record would implement rates, 75%. and implement ata implement rates, 75%. and implement at a low. the number of women in implement at a record, and the number of employed young people has gone down. bigger pay rises are sustainable if more can be produced per worker. on the latest figures, productivity is falling. productivity is a puzzle to policy ma

these new investments will include 44 new neighborhood cleaning workers. which means every single supervisor -- and i want to thank supervisor safai for being here, supervisor kim for being here, who has started atlantic lot of the -- a lot of the conversation inside city hall. they will be able to allocate where the street cleaners will go, because it is our neighborhood supervisors and their district supervisors that know their own neighborhoods. that know their own districts. they will target corridors that are most in need of this help. we're also going to have a dedicated cleanup team in the south of market district. the area where we have the most residents, visitors and people working in our city than any other neighborhood in san francisco. if you've taken a walk there lately, you will understand the need for street cleaning in that area. in addition, we're going to be extending our pit stop system. pit stops which are safe monitored public toilets, or proven model to reduce human waste in our industry. let's be clear, san francisco resume departme

cybersecurity we need to invest in new areas to show that europe as a whole is capable of acting more efficiently and successfully than each member country is on its own and. the biggest spending hikes are planned in the areas of defense and security the only major cost on the cards is to the agricultural budget which the commission wants to slash by five percent. another proposal that's raise eyebrows is a plan to withhold funds from countries deemed not to be respecting the rule of law . we're proposing to strengthen the links between the european budget and respect for the rule of law this is an indispensable prerequisite for financial management and for implementing the budget effectively. become the new mechanism will protect the budget from risks arising from violations. truly. the budget has to be approved unanimously by the remaining twenty seven member states ideally before the european elections in may of next year. well let's just say that the federation of german industries is unimpressed with that proposed budget for the european union's next decade the group is called th

while investment new treatments and affordable access must continue. we cannot lose sight of the public health basis like better diet, more exercise and smoking prevention. an effective way to be cancer is to reduce the number of people afflicted by in the first place. one way to do that is to reduce smoking rates. if the eight took the steps to reduce the risk of cigarettes. a comprehensive plan we announced includes action to keep more people from getting hooked on tobacco in the first place. also taken steps to try to more rapidly transition adults who cannot quit tobacco and still want access to satisfying levels of nicotine onto products that could pose far less risk. like our efforts to do that improvements in diet and nutrition offer one of the greatest opportunities to have a generational impact on human health. fda has a critical role to play. and improving the diet of america's it would range in diabetes, cancer and heart disease. the public health gains would door if any single medical intervention we could discover. the american college of

for me i'm like he's such a liberal i can't even you know i mean it's interesting space books investment news moderation is there's going to rely on this combination of human the value waiters and artificial intelligence which to me sparks this interesting question who do you trust more or rather less you know in judging what is real news or news or are newsworthy you know the potentially. biased human who is going to make decisions based on what they believe or a computer algorithm which is going to make mistakes because it's a computer algorithm designed by people so here is the thing if only everybody was as honest and smart as the three of us here the fact of the matter is though seriously the fact of the matter is when somebody says well it's our responsibility we're going to determine what's news we're going to make sure that no fake news is there we're going to judge what hate speech is well then you know what just say according to us this is what we believe is fake news this is what we believe it's a speech and we're not going to let you see it if you want to see everything then go so

for the next five years we plan to invest on new machinery and a bigger warehouse so we can collectively. process our statement. and have a better product. someone else pinning his hopes on more cooperation and quality is andre s. kyra phillips his dairy farm is a two hour drive away to qualify technician's farm is one of fifteen the tesco like co-operative. down them by and i just. wish i. could throw from our far cause in the end with prices and of course there is that he says and do not work on the side of the product so for there the self hostility comes. with its own outlets that lies its members took who've ever sources to milk it produces is cheaper than in the supermarkets and many would say that it's better as well. this guy will also employs a technician its customer service representatives and vendors today's it's the only one of its kind in the dairy sector. its members hope more funding will enable others to set up their own co-op which the logo of the show from new covert school begins to serve the stuff of the world or they are all over food for the beginning slowly to the

new campaign. they've invested in a new satellite base, a global aircraft tracking system.ng confidence back. and changes in management, does that really help the company improve not only its image but also its performance? it should, it brings a fresh pair of eyes to see where those inefficiencies and costs can be cut, the cost is at about 45% . can be cut, the cost is at about 4596. (£05 can be cut, the cost is at about 4596. ceos have different objectives and different goals when they try to achieve revenue numbers for a company. exactly, and they face strong resistance from unions, and having this is very destabilising. in may be too early in the morning for most of us but we will turn our attention to wine! and its growing appeal in asia. the value of the global wine market is expected to rise dramatically. in asia, $30 billion worth of wine was drinking 2017, more than half was consumed in china. there is a certain group of chinese consumers, though, with a taste for this wine... young people, which is great news for why —— wine owners and producers. consumption is be

retrofit and for the auto industries part it insists that it needs the money in order to be able to invest in new technologies it's hard to imagine that this little band in hamburg would break that cycle and could the little band become a big bet. well first of all this little that has to work i've been here all day and let me tell you i've seen a total of one truck make a u. turn in order to avoid entering the ban zone i'm still seeing trucks i'm still seeing cars which probably have older diesel engines in them it's hard to tell just by seeing which tells you a bit how big of an enforcement problem this is so in any case this bad still has to grow a little bit in credibility and if it is seen before it can become a big band. has a lot more to prove i can see quite a lot of people on their bikes so that's nice to say don't stay out on that street to long breathing in. a nice doing business with you i'll see you again very soon your own thing don't be. hard core. car culture. car hair. super mario. super food. stylish style icon to lead a. lifestyle you're a. story that moves people the world ove

tackle the causes that could underlie the next decade waves of migration cybersecurity we need to invest in new areas to show that europe as a whole is capable of acting more efficiently and successfully than each member country is on its own. the biggest spending hikes are planned in the areas of defense and security the only major cost on the cards is to the agricultural budget which the commission wants to slash by five percent. another proposal that's raise eyebrows is a plan to withhold funds from countries deemed not to be respecting the rule of law . that. we're proposing to strengthen the links between the european budget and respect for the rule of law this is an indispensable prerequisite for financial management and for implementing the budget effectively. the new mechanism will protect the budget from risks arising from violations. truly. the budget has to be approved unanimously by the remaining twenty seven member states ideally before the european elections in may of next year. our list look at the numbers one of the main issues with the next e.u. budget is of course that breaks

answer it, congressman, by saying as i did to congressman long, it's too rich an investment for the people who own and build new transmission. it's too rich. we need to reduce returns on equity. we need to make sure we're not providing incentives on transmission investment for a run of the mill, standard transmission line. that's certainly number one. number two. as i've said, i think we need more people at the table from the very beginning. owners of transmission need to let those of us who need the transmission to get their generation to load, to be at that table and to own a load ratio share. these are the people who represent customers, real customers. and if they are at the table, i think they're going to do a lot of good work to make sure that there's no gold plating, there's not any overbuilding, that we build exactly what it is we need to get generation to load. it's a long process. it requires your influence on the ferc. it requires lots of people talking about these issues. it's easy to say we want somebody at the table. if you're a transmission owner, you want to be a transmission owner and do exactl

we will run the experiment about whether there's an opportunity for customers to invest, new capital,ers can drive a whole change in the economy and sustain the level of growth of 2%. michael: save the tough question for the last question. you were an advisor early on to president trump. you interviewed with him for the fed chair job. there is an oppression on wall street that he doesn't know much if anything about economics -- there is an impression on wall street that he doesn't know much of anything about economics. is that right or wrong? one of thoseon advisory panels which was distended. i met with the president as a final interview for the fed and i did not get that job, so i am 0-2. i know what the president -- i think the president knows what he was looking for in many of these posts. the president has been in office 14, 15 months. being president is a fundamentally different job than any job in the economy. if you look at the underlying data, he has got to be pretty pleased with the improvement in the economy, but if you look at the risks, the china risk being one of many, h

transmission rather than using new tools is in the financial interest of companies to build especially when there are rules that will allow them to recoup those investments. determining new transition must be evaluated without bias. if new transitional lines are needed and in some cases they will be, then the project should go forward. where new technology can provide a cheaper solution it is less disruptive to other business, we should ensure that those options are used. the rapidly changing environment we are in is exciting and challenging. efforts to address transition challenges have been admirable. there will continue to be missteps that require adjustment and correction and perhaps a serious revision. i'm hoping that this series of hearings is providing everyone with an opportunity to see where greatest challenges are made. we look forward to your testimony and will give the balance of my time. >> as the cochair of the grid innovation caucus i am pleased to be part of this hearing. the witnesses for the testimony, i look forward to looking with them to create what the presidents of both parties have called 21st century electric grid. congress needs

my constituents should see a return on that investment. new jersey someone of the top state contributors to this fund. it is time for the government to hold up its end of the warring -- bargain and permanently lee move -- remove this waste. i urge a yes vote. the chair: the chair recognizes the gentleman from new york. mr. tonko: i yield two minutes of time to the gentleman from new mexico, mr. lujan. the chair: the gentleman is recognized. mr. lujan: i believe it makes it more likely that a future interim storage site, potentially one in new mexico, becomes a permanent home for nuclear waste. i oppose this bill. i know these are tough issues and i agree we have a responsibility to address the waste issue that result from our country entering the atomic age. however, addressing nuclear waste is not our only responsibility. 70 years ago, rural new mexico became ground zero for the detonation of the first nuclear bomb. this marked the beginning of sickness and suffering for generations of people who lived and grew up in the basin. that atomic bo

the analyst cites the acceleration of the company's investments in new energy products.rice target, $100. the stock rose 4% today. >>> steel was downgraded to sell from neutral over at goldman sachs. the analyst there cites increased competition with the automotive business. the price target is $4. the stock closed at $4.58. >>> target was added to bank of america's top ideas list. the analyst says the retailer will benefit from aging demographics. the price target is $86. the stock rose more than 2% to $73.47. >>> still ahead, the future of the media industry according to those who run it. >>> consumer reports reverses its recent decision and will now recommend the tesla model 3. the recent update improved the car's braking distance by almost 20 feet. the braking performance prevented the car from getting a consumer reports recommendation. today's move helped live tesla's shares nearly 3%. >>> there is a new perk for walmart employees. the retailer is now offering pay for its workers to go back to school, as long as they get degrees in business or supply chain managemen

with this new investment of over $3 million a year, we are adding 10 new staff and increasing resources to focus on the drug addiction on our streets of san francisco. and to address the opioid epidemic, right here on the streets of san francisco, the team will be expanding the work that they started with the pilot that started last year and expanding this program across the entire city. i am proud that san francisco is going to be the first city in the nation to take this approach. san francisco is a leader in so many areas and once again, we are stepping up with professionals that know how to get job run right. leaders willing to take bold approaches to address the issues confronting san francisco residents and those that need our help on our streets. by providing this medicine out of a traditional clinic setting, we're expanding our outreach capacity and taking every opportunity to help those individuals that are on our streets suffering from drug addiction. the program, which sometimes i have trouble saying, is an important part of our larger strategy here in san francisco and with

action as it has instructed the european investment bank to facilitate new investment in iran. the european union is committed to mitigating the impact of u.s. sanctions on european businesses and taking steps to maintain the growth of trade and economic relations between the e.u. and iran that began when sanctions were lifted. his r.t. is my guest there with a closer look at the souring relations between the us and e.u. and the latest move by brussels no arguing with it america and europe had something special a relationship unlike any other they did everything together condemned rogue regimes slapped naughty countries with sanctions even they wanted to get we have a very strong relationship with our friends and partners our friends in u.s. administration we have a really great relationship blow through and life and this is this very special relationship this is us almost too good to be true and it seems it was money trumps all now that america has unilaterally pulled out of the nuclear deal with iran it could start sanctioning european states companies that haven't the to do

we've been operating in now for some time where internet service providers are not putting money investing in new technologies and innovation and infrastructure. instead investing in lawyers and litigation as this cloud of uncertainty hangs over the regulation of the internet. and what our colleagues on the other side are proposing is simply this. that is, to regulate the internet like a public utility in the same way that mabell was regulated in the 1930's. because the law they would use to regulate the internet is title 2 of the 1934 communications act. so basically what we're saying is we want to take a law that's 80 years old and use it to regulate a 21st century innovation like the internet. the internet which explode unde theight-touch regime that was in place up until 2015. so in 20 is a the f.c.c. decided that they wanted to use the heavy hand of government regulation as opposed to the light touch and so what this f.c.c. has said simply that we're going to go back to the light touch of regulation that was in place for the first two decades of its existence and two decades that led to ex

it also makes new investments riskier. fourth, above cost incentives are not needed to attract investment. there is no shortage of entities seeking to invest in low risk transmission asset at the base equity return that is intended to reflect the cost of attracting capital. no need for incentive rates of return much less to expand their availability beyond opportunities provided under the current policy. those seeking transmission incentives should not be permitted to turn away load serving entities in the footprint seeking to make their load ratio investment in the grid. finally, the transmission planning process can also be a more effective vehicle for inclusive transmission investment. not incumbent transmission developers especially those that accommodate participation by small load serving entities should have have a fair of needed transmission. there should be a competitive transmission development process in a manner that would promote joint transmission ownership as well as to use competitive discipline to curb ris

we need to invest in new areas to show that europe as a whole is capable of acting more efficiently andcessfully than each member country is on its own. reporter: the biggest spending hikes are planned in the areas of defense and security. the only major cut on the cards is to the agricultural budget, which the commission wants to slash by 5%. another proposal that has raised eyebrows is a plan to withhold funds from countries deemed not to be respecting the rule of law. >> we are proposing to strengthen the links between the european budget and respect for the rule of law. this is an indispensable prerequisite for financial management and for implementing the budget effectively. the new mechanism will protect the budget from risks arising from violations. reporter: the budget has to be approved unanimously by the remaining 27 member states. ideally before the european elections in may of next year. brent: it is about numbers. one of the main issues with the next eu budget is of course that brexit budget shortfall. the overall budget breaks down to about 182 billion euros a year. that b

available fors investment in new planes, new technology. they also have reservations about their french colleagues risking their jobs. >> it is unreasonable at this stage. >> they are not in the right position now. the companies merged in 2004. at the time, it was klm that was having difficulty, but that has changed. today, air france is bigger, with 48,000 full-time employees, compared to klm, 28,000. and it is less profitable. in 2017, air france lamented -- more revenue. management is divided and very different. netherlands, it is more of a german model, a capitalist system that involves collaboration between business and society. they do not understand very well why the french are always striking. it is hard for them to sympathize with. france, -- asir at air france, klm has tried to remain competitive. violet salaries have remained frozen for three years. richelle: those strikes causing headaches for travelers. turning to argentina, the central bank has been fighting a run on the national currency. brian: the measures appear to have ha

we have been investing in new technology that really is state-of-the-art in terms of better authenticatione a group called synchrony ventures who helps us look at areas where we can infest come -- invest in and we just invested in a couple of companies helping us do better authentication using databases aside from what we traditionally use to make sure this person is who we think it is. david: we have a tendency to focus on big retailers, macy's, home depot. you have a broader sense of retail. is it true that we are using -- losing retail establishments? margaret: i think the amount of individual brick-and-mortar stores, yes. i do think as, honestly we were over-retailed in the u.s. if you compare the number of retail stores versus europe. it is a lot. what you are seeing is a combination of a merge in demographics because you have more millennials coming in comfortable shopping online, and the fact that we were over retailed. i am still bullish on retail. people are still going to shop. there has been this overhang of doom and gloom and people like the reality of shopping. there are still

new york is catching up with the east coast. this is bloomberg. ♪ emily: since 2006, venture capital investments have increased. arlet fu spoke with eric hippeau and talked about competition heating up between new york and silicon valley. >> it is a collaborative community. we all work with each other where there is no term sheet wars, no evaluation things going on. people tend to want to team up. it is not a big community, certainly compared to the west coast, so everybody seems to have found their space and what they really like to do and what they are good at. the second thing, the companies we invest in in new york tend to be more on the service be more on the service applications building whatever you can build on top of platforms -- existing platforms so we are not thinking cornell will change that, but we are not reinventing the infrastructure of these events. we are not doing the next generation of storage devices. as a result, we tend to invest in pretty much anything they are good at, including different domains. every industry, every sector of the economy, you can think of is represented here in new y

essentially they need to invest in up—to—date equipment, new technologies. e with other countries such as germany, they invested heavily in new technologies and productivity has not been the problem there we have experienced in the uk. the uk is at the bottom of the uk. the uk is at the bottom of the league in terms of the adoption of robotic technology. the use of artificial intelligence, the use of robotics and heavy investment in capital will help make us more productive. to many workers listening, it would ring alarm bells. if you automate things more, it meansjob bells. if you automate things more, it means job losses along the line? doesn't necessarily mean job losses, it does mean people may need to change the colour work they do. technological change has been going on centuries. people'sjobs technological change has been going on centuries. people's jobs to change, they do more for overtime. that is to be expected. people need to be flexible. but inevitably, if we wa nt to be flexible. but inevitably, if we want to maintain the kind of increase in the

mayors have been really raising their voices. >> he boasts about new business investment in new orleansonstruction of a $1 billion airline terminal. >> whoo. >> along with record 11 million visitors last year. more than 50,000 new residents. >> we created 20,000 jobs. helping build the rocket going to mars. the city of new orleans, people thing of it as the mardi gras and fun. we have knowledge based econ me. as washington gets stuck. cities are getting smarter, faster, entrepreneurial. try to fix things and get them done. >> reporter: last month, he helped celebrate 300th ears le city he loves. >> you know there is an adage you have to walk by faith not by sight. that doesn't mean by ignorance. get an intuition over time about what the right pathway is. like everybody we make lots of mistakes. if you don't make a mistake, you are not trying. i think we got it pretty right most of the time. >>> 4-year-old superman in alabama can teach us a lesson about caring for others. steve hartman found his story on the road. >> he is faster than a speeding stroller. more adorable than a wet kitten.

investments innovation over time. that is just a simple fact of the matter. after all of the new rules approved under the trump administration, closely followed those that long regulated the internet before 2015 and largely, not completely, in effect now. that's one thing i want to continue to hammer. what were talking about is the rules in place for first two decades of the internet. for the first two decades we operated under a light touch approach. it prosper, flourish, grew, expanded, innovated to the point where it has become a huge economic engine in our economy. what was the 2015 fcc ruling designed to solve? that is a good question. the fact is, what the fcc is proposing to do, and will do on june 11 of this year, is go back to the 2015 rules. the rules that were in place for the first two decades of the internet. i would tell you that on june the 12th, after these rules go into effect, that no consumer in this country will see any change the what they see today. they'll still be able to watch the internet go to all of their favorite social media platforms, there is going

new businesses. like cloud computing, which they are investing heavily in. e a little bit with alibaba and their new retail strategies. those investors were bracing for the hit on the margins. the first quarter results came out well ahead of most estimates -- all estimates, really. 3.7 u.s. net income, dollars -- 3.7 million u.s. dollars. even with that, the results were not bad. let's give you a few bullet points before we get to our guest to talk about it in detail. gross profit margin in the first quarter was more than 50%. the analysts expected 47%. active monthly users, passing one billion for the first time. revenue rising 48%. that was higher than expected. the lands share of its business is still in gaming -- the lion's share of its business is still in gaming. not necessarily out of the was yet on the margin pressure. surge 51%,costs did they will continue to invest in these new businesses. david: spending, that seems to be a concern. this first question in a bad and condescending way, but what is it about this company that seems to catch everyone in