i currently own quite a few units of kmp. as you probably already know, kmp and kmi, kinder morgan inc. are planning to merger. >> right. >> they have offered unit holders three options. all of which are subject to proration. the first option is stock election, the second is cash election, and the third is mixed election. >> all right. i want you to take stock. kmi, they are more of a toll road. they are -- letters of credit for what they have. it's really important for you to realize, this is not a commodity play like linn energy or eog. how about joe in new york? joe? joe? >> stanley. >> caller: boo-yah, jim. i have a pox in mro. fairly decent earnings yesterday. is it a hold or a sell? >> boy, i'll tell you. the one thing i want people to know about mro. if you look at the cost of production in the bakken and the permian, it is so low. it is an oil company, oil company stocks are going down. i want you to keep an eye on marathon. there's going to be a price that is right and you're going to have to pull the trigger. we mig

kentucky had o's poised to weekend forecast the new joirl national park january held his own press kmps and he said the only democrat who matters is the president. that was striking. he put a lot of own us in on the president. the president will step up today and talk. our white house correspondent is in the east room where the president will come out in just a moment. phil, quickly, in brief, what is the white house suggesting the president is going to do in this press conference to try to position himself after last night's big loss for his party? >> i think there's a hope there will be a setting of the tone. bipartisanship. you heard what mitch mcconnell had to say. also continued reinforcement that executive actions are on the able. i think while they are going to try to strike some balance with what you heard from mitch mcconnell earlier, there is no backing down from the white house on some of their agenda items they have laid out. first among them is immigration. something they said they will to by the end of the year. there is no sense that they are going to back off that in any

nobody came into these elections thinking the kmp was going to deliver more seats than before.hey were expected to lose. this was your than what most had expected. won six of the 22 city and county seats up for grabs. there were predictions that they would win 12. were tea losses in cities that were thought to be strongholds. -- and new taipei city. a very promising young man named eric chu narrowly escaped defeat. a surprising weekend for the ruling party. >> this was seen as a bellwether for the national elections. what does this mean for the presidential elections that are due? >> yeah. presidential elections are happening in 2016. we are one year away. a lot can happen. there has been a shift. the people have expressed clearly to the ruling party that the existing policies, existing people in charge, are not what and are not rising to what the people are demanding. very essential to the president's policies have been economic policies and his attitude towards china. office, hehe came to has championed direct links and direct flight, direct postal and the designing of econom