will turn to the witnesses for their testimony, the first panel will be doctor john deutsch.hair of the secretary of energy advisory board and institute professor at mit. he is former director of cia, do director of energy research, second panel includes doctor alan eisenhower, doctor eisenhower's associate lab director for nuclear science at oak ridge laboratory. doctor mckenzie is the director of nuclear energy. then will have questions. i like to make a brief opening statement. today's hearing is our second oversight hearing to discuss steps we can take to ensure carbon free nuclear power has a strong future in our country. the first hearing we heard from secretary -- about the challenges, we heard about research a lot of which is being done and the national laboratories including oak ridge. we heard senator white house is very concerned about climate change to tell us in his view it made no sense to close carbon free reactors at the same time were trying to deal with climate change. we also heard from senator judd gregg who gave us much of the same message and talked abou

has been promoted to the director of central intelligence, the number 2 guy when it started, and john deutschsigns off on it. the plane falls off, shoots up right, this is what it is. one heroic character from the fbi stands up, i identified this guy by name but not sure i should mention it. he is basically the head of it. there are two men on the fbi team, that tells you on april 29, 1997, he meets with the cia, and he says i don't buy this for a moment. we have at least 30 eyewitnesses coming in the opposite direction, the triple slice they saw, we have eight eyewitnesses who saw the missile hit the airplane. all the radar data disagrees. he goes i insist you go back to the drawing board and start over because i won't by this. i don't buy this. the other member of the missile team putting the cia analyst, okay with the cia. and we don't know this until recently, on april 29th he was fighting with the cia. he was in north carolina, and on paper he does, interviewing one of the witnesses in his book, the story of witness number 73. some of you saw this, i will play the story a little bit. in

john: donny deutsch, always a pleasure to have you on the show. you will be back soon on the show.e back much sooner with thoughts about gwen eiffel. ♪ mark: as we have discussed throughout the program, america has lost gwen ifill, the coanchor of the news hour. she was one of the most influential reporters in the country. she was also a very gentle sou.. l. she started out as a newspaper reported and switched to tv. doing all she did as an african-american woman is one of the greatest achievements in journalism in the past half-century. gwen did what you did with honor, integrity, grace and humor. she was a mentor to scores of political reporters, including me. she taught me like she taught so many others by example that the twin responsibilities of journalism is to tell the stories of our time and hold powerful interest accountable, the public interest. i'm sure she would want all of us to find out how to cover this new president who has not only shown respect for the public interest as fairly as possible. john: let alone for african-americans, for women. she would have been an i

join us later when john deutsche, chairman of secretary energy advisory board and other nuclear physicists will testify on the future of nuclear power in the u.s. live coverage of that starts at 2:30 p.m. eastern here on c-span3. tonight it's hillary clinton in her first public appearance since losing last week's presidential election. she's being honored by children's defense fund. that gets under way live 8:00 eastern on companion network c-span2. finally tonight national book awards taking place in new york city hosted by comedian larry wilmore. our p cameras are there and we'll show you the event sunday 10:00 a.m. eastern on c-span2's book tv. >> this weekend object american history tv, c-span3, saturday night 8:00 eastern on lectures in history -- >> the only essential difference between nazi mob hunting down jews in central europe and an american mob burning black men at the stake in mississippi is that one is actually encouraged by its national government and one is just tolerated by it's national government. >> professor on world war ii and its impact on civil rights. at 10:00 on r

mean, i was alerted by what senator shaheen said about the concrete, and without going into it, john deutsch said that's a serious problem. now i will look and find out exactly what it is. so if either of you have some comments to make because i think our first responsibility is safety to the public is to see that these things are secure, that the waste is secure, that they are as functional and efficient and well-built as they possibly can be, cited appropriately, run scrupulously and that's difficult to have happen and so it doesn't surprise me that people coming up -- or companies coming up for relicensing may opt not to go ahe ahead. >> if i could be very candid on why i think industry hasn't supported a nuclear waste solution in a vigorous way, i think it would be because the current waste situation is consistent with the industry's business model. storage of spent nuclear fuel mostly in wet pools, some in dry cask at reactor site, that's fine with the business model. nrdc objects to the nrc finding that long-term storage of spent nuclear fuel in wet pools, in densely packed wet pools d

later today, john deutsche the chairman of the secretary of energy advisory board and other nuclear physicistsill testify on the future of nuclear power in the u.s. live coverage of that starts at 2:30 p.m. eastern here on c-span3. and later, u.s. senator cory booker will be interviewed by wade henderson, president and ceo of the leadership conference on civil and human rights. you can see that live at 6:00 p.m. eastern also here on c-span3. tonight, it's hillary clinton in her first public appearance since losing last week's presidential election. she's being honored by the children's defense fund and that gets under way live at 8:00 eastern on our companion network, c-span2. finally tonight the national book awards are taking place in new york city. hosted by comedy central's larry wilmore. our cameras are there and we'll show you the event this sunday at 10:00 a.m. eastern on c-span2's book tv. >>> see pant's "washington journal" live every day with news and policy issues that impact you. coming up this morning, government reform subcommittee chair congressman mark meadows will be on to tal

. >>> and join us later today when john deutsche, the chairman of the secretary of energies advisory board and other nuclear physicists will testify on the future of nuclear power in the u.s. live coverage of that starts at 2:30 p.m. eastern here on c-span 3. >>> this afternoon, cory booker will be interviewed by wade henderson, president and ceo on civil an human rights. you can see that live on 6 p.m. eastern here on c-span 3. >>> tonight, hillary clinton in her first public appearance since losing last week's presidential election. she's being honored by the children's defense fund and that gets under way live at 8:00 eastern on our companion network, c-span 2. >>> finally tonight, the national book awards are taking place in new york city hosted by comedian larry wilmore. our cameras are there. we'll show you the event sunday at 10:00 p.m. eastern on c-span 2's book tv. >>> this weekend on american history tv on c-span 3, saturday night at 8:00 eastern on lectures in history. >> the only essential difference between a nazi mob hunting down jews in central europe and an american m

i want to talk about this rbs story because i think there is a deutsche angle on it. if you are john running deutsche, do you say, we are going to wait and see what happens with the new administration? the european banking story is fascinating right now. rbs and deutsche are two of those. but if you look at how the regulatory story is going to evolve from here and the banking story as well, if you are john cryan, how do you play it? will you assume that your bank trades on a steeper yield curve now, and therefore, you will be less worried about the doj actions? comment --can't i think the point you make is a very good one. the external environment for banks, because of the steeper yield curve, it's going to be more favorable. i think right now, that is what everyone will be focusing on. that's why banks have done ok, because of the focus on the steeper yield curve. and in some places, the end of qe. guy: that is a big number. i need to come back and look at what rbs is provisioned for. get caught up with the bloomberg first word news. reporter: a key member of donald trump's team say

the man everyone wants to hear from, deutsche bank under pressure. johned to be stronger. he is also talking about the effects of monetary policy, and negative rates. at the same time, in germany, angela merkel saying goodbye for the last time to president obama. germany, flying from where he will go to peru to meet with other world leaders in lima. there is the president. tom: this is a huge deal. all the literature says that the chancellor is the last one standing, with the seismic shifts we have seen with brexit and trump and the italian referendum. here she is saying goodbye to any year relationship. francine: right. she has been in charge of germany for 11 years. one of the things we have been trying to find out is whether she wants to stay on as chancellor. there are also elections in germany next year. you look at the trump transition team on to january 20, the inauguration, i wonder what barack obama up legacy will be. -- i wonder what barack obama's legacy will be. s and historic moment. is it a hub and spoke system? is it every nation for itself

presidents, even president clinton pardoned john deutsche, the c.i.a. director storage ofroper classified information on a home computer. so deutsche was evidently of that and president clinton extended a pardon to him. i don't think, again, president clinton was complicit in that pardoning a are confidant, there is a line to be drawn someplace. here't think it's close but i'm fascinated by the political issues, because i think in some ways, a trump presidency may welcome a pardon for president clinton, because it would put him off the hook. have to worry about whether to investigate her or not. >> we have time for just one caller. that will be d.j. from killeen, line. on the independent d.j., you get the last word here. >> hello. >> hello. ahead. >> yes. i would like to comment about the presidential pardons and the don't agree that one man or one person, whether it's whatever, a or democrat or republican or haveendent, should not that much authority to pardon just anybody they choose. selective should be a thing based on each state attorney,district i

mean, i was alerted by what senator shaheen said about the concrete, and without going into it, john deutsch said hat's a serious problem. now i will look and find out exactly what it is. o if either of you have some comments to make because i think our first responsibility is safety to the public is to see that these things are secure, that the waste is secure, that they are as functional and efficient and well-built as they possibly can be, cited appropriately, run scrupulously and that's difficult to have happen and so it doesn't surprise me that people coming up -- or companies coming up for relicensing may opt not to go ahead ahead. >> if i could be very candid on why i think industry hasn't supported a nuclear waste solution in a vigorous way, i think it would be because the current waste situation is consistent with the industry's business model. storage of spent nuclear fuel mostly in wet pools, some in dry cask at reactor site, that's fine with the business model. nrdc objects to the nrc finding that long-term storage of spent nuclear fuel in wet pools, in densely packed wet pools d

mark: deutsche bank chief executive john cryan from euro finance week in frankfurt.till ahead, investors have been adopting and america's first strategy since the u.s. election. we will take stock on this etf friday. this is bloomberg. ♪ live from london and new york. i am mark barton. vonnie: i am vonnie quinn. this is "bloomberg markets." it is time for our etf friday segment. abigail: they will stop taking new creations, popular products .ave over 2 million in assets here to discuss this is senior etf analyst at bloomberg intelligence. thank you. when we were talking before the segment, some breaking news came out yesterday. can you tell our viewers what is happening? eric: i think more alarmed. recover etf's and they have done good for investors. we have three different oil etf's, two from velocity shares, which are basically credit suiss and one for barclays, so they are halting new creations of shares. what that does is make it impossible to do arbitrage and what you have happening is that three them, crude oil times leverage and inverse, have combined $1.7 bil

. -- ati was talking with the european banking conference on friday with john cryan, the ceo of deutsche he had harsh criticism for ecb policy and german regulators, in effect, asking them to stop basel three from going ahead. do you think regulation is harmful to some national banks, especially to german banks as deutsche bank and commerce bank --ced suc struggles such serious struggles? william: i don't want to single out a bank to specifically, but it is not near the environment to restructure and that has been one of the major problems some of these banks have faced. risk appetite has been very patchy. you don't want to be a seller in this market in terms of assets. the market has been unwelcoming of capital raising. from here,goes answering the ecb policy may not have been helpful to the banking sector, when, you know, the earlier problems we had in banks was that, think back to january, february, we were worried we were in another european banking crisis, the concern there, they were really about the interest rates. like i say, as we passed the peak of monetary extremism, that shou

if you ask john cryan what this means for deutsche bank, he will to you one thing, and that he will tell. david: that is exactly my question. is he really think the big banks? you need to have strong banks to have a strong economy and they have not seen evidence that it is hurting them. alix: the question in the short-term basis, what does that do to monetary conditions? we have seen monetary conditions start to tighten a touch. that is the next question. imagine some chief executives are a little bit happier, but it has got to continue, it has got to last. we are now sitting at an all-time high. joining us now is bob doll. i believe, we have not seen a rally like this since 2003. can you talk to me about the importance, the significance of the corporate tax cut to small caps in the country? bob: there is no question that the tax reduction, which is probably in front of us, is better for small-cap company. for more of them pay a full tax rate. they are primarily domestic companies. we are in an environment where, as the dollar moves up and the trump administration favors things domestic,

john cryan is not going to be there. there is a lot of moving parts surrounding deutsche bank at the moment.at is happening in the u.s. with the doj. a pretty important line for him to get solved at the moment. we will get some key guests from the conference of the later on, including one from the institute of monetary and financial stability in luxembourg -- financial stability, and luxembourg's finance minister as well. let's talk about banks. area.s a key john stafford joins us now, still on set. the banking sector in europe is a bit of a two-way street, in my mind. --itive influence potentially lower regulation, yield curve steepening up. we are going to see some negatives. we do not understand what is happening in italy. we do not understand what the regulatory story is going to be in the european space, the u.s. space. big imponderables coming through at the moment. they clearly rallied. what is next? john: for the time being, the environment remains pretty supportive. we have the italian referendum coming up. generally, with what we are saying in bond markets more generally, it has be

john cryan is learning from this? what can i learn from this? >> they had been in talks. they had a discussion with deutsche on. i think this shows that the banks really have to rethink their model in a tough way and be realistic about what is going to work, what isn't going to work. a lot of banks are chasing the same businesses, commission based income, asset management, and they can't all pile into the same areas and keep the margins up to my as we saw with credit suisse yesterday. a lot of the margins are coming down in asia where there's a lot of competition. everybody piling in is not the solution. guy: thank you very much indeed. elisa martinuzzi. let's stay with germany. bmws third-quarter profit rose with demand for suvs driving sales in europe and china. that's offsetting a slump in the united states. earning before interest tax climbed to 2.38 billion euros. let's go to munich. our european autos reporter, elizabeth, what are we seeking here? the numbers look pretty much in line, but sales in the u.s. are down. is that why the stock is doing what it's doing this morning? >> i think the u.s. is ce

john mccain? but are these predictions too dire? >> way too dire. if the economy is extremely strong. and by the way, citi group doesn't have a crystal ball of predicting the future of stocks, neither dois deutscheator of jobs god has ever created is non-sense. there is nothing in his proposal he has set forth that would lead anybody to believe that. nobody believes that, but god bless him any way: but the main thing is the economy is rather strong. people have dropped out of the labor force, and neither of the candidates has a good idea on how to get people back into the ligament force. >> there are good numbers out there. but ben makes the exact important point that those numbers don't for the people most this need, those are people who have been out of work so long they have given up looked. they are not even counted. when you look at the reality of this situation how helpful is a report like this for clinton? >> only to the extent it's been covered in a way to suggest that the economy and labor markets in particular are doing well. i think obviously the bigger concern sufficient got people as you have note who had dropped out of the labor force. you have got people in part-time work but want

jonathan: deutsche bank chief international economist and managing director. let's get an update outside the world of business. >> john, four days to go before the presidential election. both candidates campaigned in one of the battleground states, north carolina. hillary clinton took the stage with her primary rival, bernie sanders. she said that donald trump's temperament and comments about women and minorities make him unfit to be president. meanwhile, trump appeared with veterans and said he couldn't imagine clinton as commander in chief. nationwide polls show the race is tightening. still trump's path to winning enough votes appears to be harder. u.s. prosecutors taking aim at generic drug makers in a criminal investigation into suspected price fixing. according to people familiar with the matter, the probe began about two years ago and involved more than a dozen companies. some criminal charges could be filed by the end of the year. police in turkey have extended their crackdown. they've rounded up a number of kurdish lawmakers in late-night raids. the president is consolidating his power in the wake that have f