lng projects now that america has lifted export restrictions on lng. in building natural gas plants and customization facilities were investing in lng projects, we will consider them. the russian pipelines that seems to have faced a number of delays in terms of coming online, the pipeline that will bring russian gas to china, those delays, what were the reasons for those delays, and when do you expect that pipeline to come online? the cooperation between china and russia is strategic. we are planning to complete -- [please stand by] both sides are speeding up the pipeline. the exportation of gas fields and the processing facilities. tom: so it is rare to get these insights from the head of one of china's major state owned companies and the largest oil and gas producer in the country. potentiald about investments in u.s. lng, and the terminals they lined up in the u.s. as well as those development regarding russian gas being piped in to china. this is all about china trying to diversify its energy mix. it was fascinating. we are learning more about how

. >> second thing that we got is lng exports.ember lng prices have been depressed in the u.s. but now we are opening it up that there could be even long-term contracts to supply china and china is the world's largest consumer of lng than the world's largest importer, so while there's been a few scattered spot shipments, long-term contracts are very attractive to our industry and then the third and fourth and fifth things that we've got were, they had sort of banned our credit card companies from doing dual currency, dual label cards with the chinese banks, now they've agreed to let them do that and to take on the u.s.-based electronic payment services. that helps the service industries and lastly, they've agreed to grant two licenses to foreign-owned firms in order to underwrite bonds and to clear the trades and then lastly in food biotechnology there are quite a few applications. i think something like eight pending and we've agreed on a protocol for going forward with them where by the end of may those will know if there's any

marathon lng perfect for eating food out there.'t get the car washed, wait for next weekend. sunday evening, starting at 9:00 p.m. showers in the shenandoah valley. then dealing with rain for monday morning commute. midday, rain pushing out. rumbles of thunder and potential for thunderstorms in the evening hours as cold front moves through and could see limited late day sunshine on monday. road conditions. monday to and from work, wet roads in and home, but tuesday morning it's dry. all 70s on the board through friday. low to mid-70s on wednesday. showers back later in the thursday. mid-80s memorial day weekend. 86 for high. >> we'll take it. >> like that range. >> still a little chilly but pool season is here. thanks mel. >>> chris miles here at csn. coming into the second leg of the triple crown this evening, preakness considered two horse race. always dreaming and classic empire but long shot stole the show. 142nd perfect pimlico, always dreaming the odds on favorite 6/5. turn to home. favorite a few back from classic empire. al

this idea, china is the world's largest buyer of lng.is really going to be open to the american producers. and as you know, they've had a pretty rough go of it in recent years. so if both the cattle and the lng sectors should get very good boosts from this. meanwhile, wall street's getting some help. the chinese have agreed by the 16th of july to give licenses to two u.s. firms in order that they can be able to do bond underwriting, and bond trade clearing in china. so that's a very big breakthrough for the american investment banks, and similarly, the chinese have agreed to clear out the problems that have been besetting the u.s. credit card companies, and the other electronic processing companies. so these are big events affecting quite a few industries. what hasn't been done yet, and will be part of the agenda for the subsequent talks would be the rest of manufacturing, the rest of the economy, the digital economy, all sorts of sectors that take a little longer to negotiate because they're even more complicated. >> mr. secretary, just

neil: lng you're referring to liquified natural gas?fied natural gas and what this will do is let chinese importers sign long-term contracts with u.s. exporters. lng prices have been languishing for quite a little while, because frankly we have a good deal of oversupply. so it seemed weird, we have too much of it. it is much cleaner than coal would be. and yet we weren't really doing a big job of exporting it to china. so now we've taken care of the problems on both ends. third thing it will do, that will help the trade balance is, china had been resistant to biotech, to general ethically -- genetically engineered products coming from the u.s. into china. there have been eight applications that have been stalled and stalled and stalled. we worked out the whole regime there is definitive hearing on it before the e of ts very month. then there is a wh process for fixing whatever imperfections there may be left over after that. so these are there gigantic steps, in three gigantic areas of good. neil: do you think the chinese will honor it,

lng terminals? we are interested in investing in u.s. lng projects.s lifted export restrictions on lng. if there are opportunities and building natural gas projects and plans and transportation facilities or investing in lng projects, we would definitely consider them. the russian pipeline that seems to have faced a number of delays in terms of coming online , that will bring russian gas to china, those delays, what are the reasons for those delays and we do expect that pipeline to come online? >> the cooperation between china and russia is strategic. we are planning to complete the construction of natural gas pipelines linking the two countries by the end of 2018, and begin transporting gas in 2019. up both sides are speeding the pipeline projects. the exploitation of gas fields, as well as the building of processing facilities. cnpc: that was the chairman speaking to tom mackenzie. coming up, hackers attacking more than 200,000 computers across more than 150 countries at the weekend. there are fears they could strike again. we will have the very lat

lng projects.a lifted lng.ictions on if there are opportunities in building natural gas processing plants and transportation facilities, or investing in lng will definitely consider them. withpc chairman speaking bloomberg. you have a ton of companies lined up to trigger lot of investments in lng. they're not waiting for the money. direct waiting for the investment, they're waiting for the demand. they're not waiting for the cash. without that, it doesn't matter what china wants to do. what the united states wants. we have u.s. and china trade deal. it's not to allow them to invest in the capital structures. that's what i want. open question. >> they want to secure their supplies in a meaningful way. that a national security issue. oil.s more important for the question is demand and the money. >> the question for the next, up next here from new cio. rick rieder blackrock from new york, counting down to the market open. this monday morning, futures are firmer. up .2% on the dow. 500 by as on the s&

and similarly, the phone calls i've gotten from the lng industry.the people in the firing line, they know the impact of these deals. >> jenna: i want to ask, we talk about china, we're talking about chinese cooperation when it comes to north korea as well. china came up about worldwide threats that we were watching here on "happening now." here's what the cia director said about china. >> with respect to the chinese, they have made efforts, in a way that they have not made before. in an effort to close down the trade that nef and putting pressure, diplomatic pressure as well, on the north koreans. the intelligence suggests that we're going to need more to shake free the terribly challenging problem. and that they could do more and have of the capacity to do more. >> jenna: i'm curious how discussions about north korea, wanting china to be helpful in that particular area, have impacted our sds to work with china -- our desire to work with china and set up trade deals producing a relationship that is more, is more on the same page, more a member of th

i am lng toward them suspending the debt ceiling as opposed to voting on another $3 trillion of debt,ink the vote is attractive to them. david: thank you. kim wallace joining us from washington. nicholas burns is coming up, the former u.s. ambassador to nato joining me. his take on the president's visit to brussels today. this is bloomberg. ♪ ♪ is "bloomberg markets: the trump economy." i'm david gura. let's take a look at what is going on in the auto industry with julie hyman. julie: we have been watching general motors today after it became the 6th automaker to be accused of diesel cheating. a lawsuit filed on behalf of thousands of owners of gm duramax diesel trucks, filing a class action lawsuit. they said that gm installed devices aimed at evading emissions tests into models of the trucks from 2011-2016. they are heavy duty trucks. many other automakers have been victim of these kinds of allegations, some of them paying out, as did vw, billions of dollars in fines. gm now down by 2%. and you can look throughout the industry, not as automakers themselves, but the auto supply maker

so my colleague john king was told by a lng-time friend of the president that he was quote, white hotr the weekend. really stewing about this. stewing about the comey testimony. my colleague reporting that the president was concerned that director comey was his own man. that he couldn't be trusted to lead this important investigation. this russia investigation that could prove to be so pivotal for this presidency. so there's clear distrust of director comey in the white house but they did not predict this huge backlash. >> all right right outside the white house although the cameras are turned around. you were learned more about the 48 hours leading up to this moment and some of the discussion and debate within the white house about whether or not this was the right move tell us about it. >> jake, i'm told this was incredibly closely held. so many of the president's decisions are out in the open if it is afghanistan or a variety of things, health care, climate change. he likes debate. this was held very closely by just a handful of people. it's one of the reasons of the bad roll out l

they're taking lng, they're taking liquified natural gas. >> speaking of lng, have you looked at shaneeroing good. >> natural gas isn't hurting it. back to 50 bucks. >> there was a trade that people haven't been talking about where they gave natural gas to poland. why is that significant? because gazprom s could be sending coming from cheniere and then noble energy doing a pi pinscher move. you may not have a strangle hold on russia the way you do. >> that's important. >> this poland -- i mean, this -- i've got to tell you, cheniere, they're one of many -- we're going to have a very big dominion liquified natural gas right here. >> wait. i'm sorry, we're going to have a what? >> do it on the east coast. dominion -- >> an export terminal? >> yes. >> there's also freeport which is a private company. >> right. >> enormous. >> but dominion's going to start in the fall and that will be liquefied -- they're all sold out. >> they all pre-sell for many, many years. it's like the japanese. you can raise the money and make it work, it's an incredible thing. >> i think we have to watch the strangle

that, then the lng part of this is going to raise gas prices, utility costs for everybody watching us know, we have to see you how that bears out. speaking of everybody watching right now i would like you to just answer this because you're on the house financial services committee. the president has floated idea of bringing back that depression era rule glass-steagall which separates banks, from consumer banking arm from the investment banking arm. would you be supportive of that? >> i would be but sanders and sherman have a better deal. that is to break up those banks that are over 2% of the gdp in size. it is not whether you mix, a small credit union also sells auto insurance is not a risk to the economy. but once you get into an institution so large if they have a problem they can call the white house and say you better bail us out or taking the whole economy down with us, that is institution that should be broken up. we know that when protzoa reaches certain stage it divides into two healthy organisms. i'm sure geniuses on wall street can divide the banks into two or three healthy

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. >> i think lng, marathon, globally total is one of the better ones. let's focus on the anti-energy, airs, carnivale, that's a stock we want to own in an environment where oil is under pressure. will you see a better success playing those than you will the big oil stocks. >> if you had to choose, guy. >> are we playing would you rather? >> let's listen to the lady. >> jump it is gun. >> the menu, marathon, shanear. >> can i add a few other names? >> i give up. rcl up on the day, all time high, a name we talked about a year-and-a-half ago, rcl. sorry if i changed the rules. >> can you myers e first play the game? >> thank you. >> bottom line, total is one of the names he mentioned. have you the euro as a tail wind and ultimately a dividend yield that is 4-to-5%. i think the integrated are ugly. some are more towards the down stream. >> unfortunately, we're changing to another game. i will give you the salty one on the desk. he doesn't like that, like mikey. banks or energy? >> i actually like tom lee last night was on the program. he did a constratraria

and russian citizens, including debts owed and whether he has any equity interest, joint ventures or lng agreements with russia or russians. whereas the president recently fired federal bureau of investigation director james comey. under his leadership, the f.b.i. was investigating whether the trump campaign clueded with russia to -- colluded with russia to influence the 2016 election. whereas president trump reportedly stated to russian officials during a white house meeting that he fired director comey to ease pressure of the ongoing investigation of russia's influence in the 2016 election. whereas senate russia investigators have requested information from the treasury department's criminal investigation division, the financial crimes enforcement network which handles cases of money laundering, for information related to president trump, his top officials and campaign aides. fincen has been investigating investigations of foreign money laundering through purchases of real estate. whereas the president's tax returns would show us whether he has foreign bank accounts and how much profit

democracy, to meet with and advocate for the foreign service officers around the world who today are a lng little anxious about their place in the state department and are looking for a clarity about support for their service and their mission. just three quick questions, if i might. we talked a little bit about your service in the commerce department. how do you view the power africa initiative? i think it has been a successful public/priva publi public/private 3i7 that helps bring great things to the challenge on the continent. is that smug think the trump administration will embrace and continue to move forward. >> a i degree and we discussed that yesterday in our meeting and i'd also add that we discussed subsa hair ra and africa as a place that we can't lose sight of of the opportunities that are there. both for the sake of promoting human development, economic developments in those many countries, but also as protection of u.s. interests both national security and economic prosperity. so i look forward to working with you on that, senator. >> thank you. one of the things i'm concerne

and police are still lng >>> good morning. it's 7:26 on your monday. i'm sam brock.aking news we have been following all morning. one person in custody and police are actively looking for others after police officers exchanged gunfire in san francisco's bay view district last night. the crime tape there, police say it happened around 11:00 last night. that's when officers were responding to reports of a home invasion robbery on cusoda avenue in the bay view. they saw several people running from the back of a house. one of them fired shots at officers who then fired shots right back. police say that no one was struck and no one was injured. officers did manage to detain one of those suspects and a perimeter was set up. that's what you were looking at earlier. police have made no more arrests other than that. >> this monday for most people means another day of hot weather. >> yeah, especially inland as we see all the sunshine looking live right now in san jose. but we do have the clouds and the fog starting out in san francisco. i know you can't tell, this is the golde