funding for great decisions is provided by pricewaterhousecoopers llp. (rhythmic ethnic music) it's an undertaking as massive as china itself. beijing is boldly extending claims to the south china sea. it's doing so through an enormous land reclamation project, dredging the sea floor to build islands. - it's very difficult for any foreign policy analyst to get to the core of what drives current chinese behavior. i think number one is this, the chinese have long held a view that this is part of their sovereign territory in territorial seas, goes back not just decades but centuries. - let me make this clear. the south china sea islands have been china's territory since ancient times. it is the bounds of duty of the chinese government to uphold china's territorial sovereignty and legitimate maritime rights and interests. - this is the rejuvenation of the chinese nation, and getting back what has been stolen from china, i believe, is part of realizing that dream. - they've been methodically re-acquiring china, tibet, macau, hong kong, taiwan waiting, and thi

funding for great decisions is provided by pricewaterhousecoopers, llp. (soft arabian music) - [narrator] saudi arabia and the us are at odds culturally and ideologically yet for decades, they have been said to enjoy a special relationship based on shared interests. - on 1945, when the late king abdulaziz, the founder of modern saudi arabia met with the late president franklin roosevelt on an american destroyer called the quincy, there was a very strong strategic relationship that developed between the two countries. - there's lots of areas that we have to work together. we had times, have different views and different priorities and we have different values, we understand that but we share a common commitment to a more peaceful region and i think we can work with saudi arabia in order to accomplish that. - the special relationship about the united states and saudis comes down to one three-letter word which is oil and the saudis continues to have the largest reserves of oil in the world and therefore, they can set prices. - [narrator] during world war ii,

funding for great decisions is provided by pricewaterhouse coopers, llp. - [narrator] nations have always been in competition with each other. often, it's in the search for natural resources like oil and gas. a steady supply of energy is needed to fuel the country's economy and military. - [sachs] typically, american foreign policy like british imperial foreign policy before it, paid a tremendous amount of attention to securing oil for the economy. that includes who we have befriended, but it has also included us launching wars; stationing military bases; engaging in coups and orienting a massive amount of our foreign policy around oil. - [mcnally] by world war one, oil was transitioning to becoming the lifeblood of modern civilization. if electricity is literally the circuitry, without which modern life is impossible, oil is the lifeblood. - [jacobs] it's both vital to our economy and it's vital to our military. and that became true once we switched to an oil based military. - [narrator] in recent years, the us energy revolution has shifted the geopolitical balance. - [gordon] this is a

funding for great decisions is provided by pricewaterhousecoopers llp. - [narrator] everywhere around us are signs of international trade. - the basic idea of trade as economists have understood it now for two centuries is that trade expands the pie, it makes the economy more efficient, it directs resources to comparative advantages as economists say. but it also changes the income distribution. - we've come through this very long period in which the united states went from being a relatively closed economy to being quite an open one. and the result of that was a lot of competition for jobs, for wages, for export opportunities in sectors that really hadn't faced competition before. - [narrator] advances in communication, technology, and transport have thrown open the door to trade like no other time in history. - globalization is history, history is globalization, now everybody anywhere can trade with anybody anywhere else fairly easily due to improvements in infrastructure and technology. - international trade has become this central drum beat in our lives and that is very new and ve

funding for great decisions is provided by pricewaterhouse coopers, llp. - [narrator] nations have always been in competition with each other. often, it's in the search for natural resources like oil and gas.

information concerning the final results is known only to the accounting firm of ernst & young, llp priortonight's opening of the sealed envelopes. this is shawn parr for the 75th annual golden globe awards. excuse me everyone! paul? paul? this is three million dollar mega multiplier the new game from the pennsylvania lottery with top prizes of three million dollars! three million dollars! did you win? i don't know. i'm so excited about it. this could be a big winner! just had to share. carry on. sometimes the moments before you scratch are as exciting as the moments you do. keep on scratchin'! downsizing. enrolling in medicare part d. these are moments when people realize that where you get your medicine matters. and they come to cvs pharmacy. for advice and ways to save money. including copays as low as zero dollars. switching is easy, call 1-833-cvs-medd and transfer today to cvs pharmacy. >>> messy monday mix. we're getting you prepared for the next round of winter weather that could disrupt you tomorrow. >>> still snowed in. one city hit harder than others hasn't been able to dig out

information concerning the final results is known only to the accounting firm of ernst & young, llp priortonight's opening of the sealed envelopes. this is shawn parr for the 75th annual golden globe awards. rancic >>> right now at 11, the cold snap leading to bad breaks and water creating a mess on the road. >> we are in weather alert mode again, winter advisory for your monday. >> reporter: i'm at howard across the campus and delaying classes. we will show you the cleanup. >>> good evening, everybody, i'm erika gonzalez alongside chief meteorologist, doug kammerer. it is a storm team weather alert and spots vania schools closed tomorrow and stafford public schools delayed two hours and frisk delayed two hours. open our app and you will find them all right there. we're starting in the storm team weather center because we're talking about -- yes, another weather alert. a winter advisory that goes into effect. >> the fact of the matter is we we hit a record of 1 below zero at dallas airport and 8 at dulles. temperatures outside were only in the teens, 19 at d.c., 18 in roswell. whatever fa

funding for great decisions is provided by pricewaterhousecoopers llp. (rhythmic ethnic music)

gonzalez, who specialises in international trade and government regulation at the law firm dechert llp to see you, good morning. what are you expecting to be achieved to date? if we start with bill hader and david davis in germany, in germany right now they are pretty busy trying to form a government if nothing else. —— if we start with philip hammond. they have detected there is a lack of emphasis from the other side of the business, the european business groups, and i think that is absolutely right, it isa think that is absolutely right, it is a good idea to go not only to germany but other european countries to try to get brexit much more to the top of the agenda, because it is falling down the ranks. but the important thing is that they have something new to say, because they say they want a really good agreement, but that is not going to make a big difference. they will be looking at the detail. and we don't know what the detail is. to the press, the media, they will say one thing, but certainly the impression from the german media is there is no way we will be getting any special

information concerning the final results is known only to the accounting firm of ernst & young, llp priored envelopes. this is shawn parr for the 75th annual golden globe awards. >>> right now, we are in a microclimate weather alert. a powerful winter storm. rain, wind, and flooding, likely travel delays as well. the rain begins as we speak. might be the strongest storm we have seen in almost a year. the news at 11:00 starts right now. i i am raj mathai. >> and i will jessica aguirre. the rain is coming and it has already started in the city. >> we know how this goes. it is not just the rain and wind, it is the damage it will leave behind. sergio quintana is in the fire zone and rob mayeda. >> the burn zones, flash flood watches will be in effect. and for most of the bay area, a wind advisory with gusts of 45 to 65 miles per hour in some of the hills. unlike previous storms we will see periods of heavy rains. gusty winds, power issues and tree damage increasingly likely. there is that added chance of isolated thunder. the first outer fringe of it now bringing light rain into the north bay

just a place that had music one night and didn't know about the process and i informed them of the llp. hope they're going to apply. they do things infrequently. and these are sort of involved ongoing operator neighbor communications that have just surfaced, bubbled up into my line of sight based on neighbors feeling like maybe the communication wasn't up to their liking, maybe communication sort of stalled and they reached out for me to contact the operator and get conversations going, in both cases i think that's happened and i'm trying to keep an eye on it and make sure the neighbors feel they have a voice and the operators are motivated to make progress. any questions? >> i have a question about the church services, i assume are actual church services and not a location called church services. >> correct. >> to what extent does the entertainment commission have oversight over church services? >> not much. we usually consult with the district in question and work with them. what i am sometimes depending on the availability able to do is sort of be the eyes in the field and document

they don't require a complete listing of all the officers of the llp. in the end it's eadifficult to trace it back. >> michael cohen's name is on it. >> if he had you as a lawyer, you'd advice him on this. might not good look, salacious, stormy daniels denies this. anything illegal about making a payment like this, something deemed hush money? >> it's probably not illegal. i say that because throughout corporate america, all these settlements and sexual harassment cases, many of which involve sexual encounters, some consensual, have confidentiality agreements with it. the date of the sexual encounter was 2006, however the alleged hush money is paid in 2016, right, during the presidential campaign. however, it appears to be legal in all respects except there has been one point that's been raised which is could this be viewed as some kind of a campaign contribution by the trump organization if the money emanated from the trump organization to the trump campaign to protect the president's reputation. other than that, though, it does not appear to be illega

when you get four or five people together as an llp doing a commercial building, they're expected toall of the money necessary to get the building up and running, and that includes tenant improvement allowance. successive tenant improvements are then considered operating expenses. it's considered if you've been operating, you have built up a reserve and you've done all those things so when tenants change, then, operations take over. that's the way it works most of the time, and that's, you know, what investors want to see is an end to their duties, their contractual duties to contribute money until the building is finished. so i think this is just -- this doesn't comport with that. it doesn't make sense. i mean, the building has to be finished, and then we start operations. i mean, we've been talking about that, and finish means getting the build out in terms of retail. and the more we can devote to getting, you know, tenant -- good tenants in there, the more tenant improvement allowances we can do, the better tenants we're going to get. that's one of the rules of the whole thing, an

i think that most of the past partnership firms like the llps and private equity firms and the otherbanking and asset management firms will conclude with the settlement of the tax package as it looks that there is not a compelling driving need to convert to a c-corp we'll continue to evaluate it and see how things evolve over time but as of now, i think we're comfortable with our current structure. >> glenn, a lot to get to that we weren't able to but thanks for coming on and talking about this we'll see you soon i hope. >> great thank you very much for having me >> glenn youngkin, co-ceo of carlyle group. >>> still ahead, miami, another city on amazon's hq 2 list the mayor is going to join us to weigh in and as we head to break, a look at cryptocurrencies this morning, stabilizing after that huge drop earlier in the week. we're gonna be sitting on an egg. i think we're getting close! make a u-turn... u-turn? recalculating... man, we are never gonna breed. just give it a second. you will arrive in 92 days. nah, nuh-uh. nope, nope, nope. you know who i'm gonna follow? my instincts. as

robert served as commissioner of the fcc from 2006 to 2013, and he is currently a partner at cooley llp. robert and chairman walden, please come up to the stage. [applause] >> well, thank you. great to be here. we're getting the post-lunch buzz. maybe everyone will fall asleep, and you can say all sorts of controversial things, and no one will pay attention. [laughter] so i'm going to give him a very brief introduction because he really doesn't need one, as the cliche goes, but also because we're short on time. chairman walden is from the state of oregon. his family came in an actual wagon train in 1845, served in the -- in both houses of the statehouse in oregon, and in 1998 -- i'm cutting through a lot of history here very quickly -- he's married to the very patient and virtuous mylene for almost 36 years, and they live in hood river with their son, anthony. he was chair of the nrcc from 2012-2016 where he racked up more of a larger republican majority in 80 years or something like -- okay, in history. ever, ever. and he's been chair of house energy and commerce which has unlimited ju

llp competes with thomson reuters. and -- sellalso has decided not huawei devices.t's get back to one of our stories in the u.k. -- that is the pound. that is as sterling inches upward. let me bring you to my chart. rocky road.e's you can also argue that governor mark carney is getting a helping hand from the currency market as it helps with his efforts to bring down inflation did where does cable go from here? let's get to james bevan of ccla -- the successa of brexit is pound strength or not -- does it go higher than 1.50? was atwe thought 1.40 least acceptable for the baseline agreement. our baseline argument was we would get a baseline. whether it is a limited time period, which will likely have to be extended if a deal is agreed to, or if it is a fixed time period, concessions will have to be made by the u.k. to abide by that time line. it is interesting, that chart on the screen. that is consistent with our fair value estimate. 1.60 is where we are. when we talk to clients and investors, there, and retorts to cable around 1.40 is it is relevant that is to the