julia: i am less excited about what he said about lng. expand that to oil, the prospects are far greater. talk about the opportunity there. michael: they are importing more lng, something like 60% more or 70% more on a year on year and thatst last month, is data that came out this morning. lng is a part of it. julia: not big enough. michael: right. and it is really about oil. david: as you put this in a larger context, if you could not have a discussion about investment without talking about energy, is it as much of a factor as it was 10 years ago? anastasia: so many answers. i will pick a couple of them. first of all, as a look from the equity investor perspective, with equity, this does not capture as much as it used to. nevertheless, as we approach a $70 barrels of crude oil it has ramifications, whether it is positive for equities or what we need to think about with demand, $70 versus $45 a barrel. cap-x was5, 2016, nonexistent and a lot of emerging markets were cutting back, and cutting back on fiscal spending. oil was a driver there

the woman was grazed tpoce are lng f wh f m >>> let shattered an apartment window in southwest philadelphia hitting a 72-year-old woman who was laying in her bed. the shooting happened on the 7100 brandt place. the victim is in stable condition with a gunshot wound to the knee. the police are talking to her 38-year-old son who was open at the time. >>> developing overnight a downed tree and wires trapped aou're the40 blockted.usandsfthaowd t power lines road, delaware county, a working to cut up a tree just as driving down the treat. many schools are closing, they are scrolling at the bottom of the screen today. >>> bill cosby will be in court other him inomen who ishru abusinsby's retooled defenseeam is led by former michael jackson lawyer. happening today pat toomey a delaware senator kiss -- chris kunes will hold nics denial notification act state law enforcement will be alerted when people try to buy a gun and background checks are denied. >>> now let's go to the other breaking story this morning a firefighter was injured while battling a house fire in bucks county. crews arrived this m

like we're going to go with that a little bit that you want me to but the impulse well that's about lng about cause i've been with us. some will say from one go on to him and then on our sink isn't a thing that we have that much on less liquid gas they don't want all that's what i start. from that's when consumed honestly young and innocent enough what can i say from the media missing and now in the field of methods of interest because i can think that it is the pilot as you know who it was recently set back. it's become a silly thing to put it look at that and budget i care even less but the fun must continue one of the foremost is charlie morse just like the tomatoes i can like keep it in my pocket i'm not up soon leave it out too much that much you have a death that all the rest of us and i mean the whole scene is like what probably will drive the museum of news don't mean those papers because keep us from being a mother see that hard as it got the more it instead of it seemed that the effects of it i thought of it's got enough that i know he think i'm going to say the sickest part o

today we are exporting lng to 27 nations on five continents. and because technology's also making our energy cleaner, we can purdchassue an all of above policy that will efficiently use all of america's energy resources. innovation can grow our economy and protect our environment. we drive further energy innovations -- i should say to drive those energy innovations, we're requesting continued funding of our energy program offices as well as funding for research and fossil fuels and nuclear power, including advanced modular reactors. now if we have a duty to advance domestic energy production, we also have a duty to ensure that our energy is delivered without interruption. that's why last year i promised to step up our efforts to protect and maintain america's energy infrastructure in the face of all hazards. the devastation caused by the 2017 hurricanes and the impact to the electricity sector highlighted the importance of improving grid reliability and resilience. this committee has significant interests in our hurricane relief and restoration

. >> prime minister may saying she will cut off lng and natural gas from russia. are not worried at all that the u.k. consumers will get behind prime minister? country, every commercial operator, and every company is free to choose any supply at once, but let me stress once again that we are committed to continue our supply for the most competitive conditions, price, and should any country opt for another supplier, i don't think conditions will be that preferential and beneficial or them. >> we don't know what the u.k. plans are next. we know that when u.s. sanctions hit, exxon was forced to leave their plans in the arctic and the black sea. that was a blow for russia. could potentially see that happen with bp and shell. we will look out for what the prime minister has to say this week. anna: thank you very much. fascinating story on the bloomberg. also talking about how angela merkel is looking to lng to cut germany's dependence on russian gas. new coalition creating its strategy to build up import terminals. they give a much. joining us from russia as we digest

it it did look extremely rushed in it well yes inexact especially given the stakes you know in india lng with a nuclear power like russia to give that type of all the made them seems imprudent by the way craig murry i was reading who you used to be the u.k. ambassador beck a stand is very. has a lot of questions about what may is doing and a lot of questions about who might have been responsible for this and is urging caution and i think that that makes a lot of sense here i think we need to take a step back and slow this process down. thoughts turn kovalchuk human and labor rights lawyer early have the prime minister treason may announce that britain will expel twenty three russian diplomats and suspend all showed you a bilateral meetings with russia now he said this is the latest from london. well the british prime minister has said that russia is culpable of attempted murder and among the measures that the u.k. is now taking is the expulsion of twenty three russian diplomats they are suspending high level contacts between the two countries the russian foreign minister's visit to the u

position on the export of weapons to areas of conflict well obviously germany is not interested in fuel lng conflicts that are already taking place and is very reluctant in fact to get involved in that and to send weapons there this has to be differentiated a little bit because for instance germany did supply weapons to the kurds in northern iraq for their fight against the so-called islamic state so there is a lot of policy decision and the back in the background at the moment the pressure is on germany not to supply weapons to any of the parties involved in the conflict in yemen and in fact the new government has decided not to do a given arms is big business we know that and jimmy's not the biggest weapon supplies in the was but monica from a business perspective how important is the arms industry for jim and what we were looking at the whole department was looking at a few numbers and i can tell you for example that about fifty thousand jobs in germany depend on the arms industry that may sound like an awful lot but if you compare to the car industry there we're talking about up to one

the regulators doing to try and attract a block chain in crypto investment and even maybe domicile lng in the country. so there are several things you know that has going on in parallel right so the first so first you know major lie this kind of lake hull financial regulated deals was a plea cations for financial services companies in this field was exchange yes well that's and so on and it's been very positive right you've been able until now to get approval in a much easier ways and it will be in u.s. or london so it's one thing as a thing is what's going on was i see all it's right and until now here in switzerland we've seen probably wants out of all good companies all i.c.l. is fun treason we're going strong as a swiss companies and swiss entity separate and just recently it's been like last month's you know fin must was that agreed to issue an i.c. ok rights which were rare balance radically actually also very positive if you know and confirms the stance that switzerland wants to trade so it's companies and fun treason but just for the top quality companies well let me ask you be

ubs kept saying an earthquake might hold the lng production for at least six weeks.e upside, you see little bit of positive movement coming through in aussie property stocks listed in hong kong. that is after they forecast sales in china. the materiald, players amongst the worst performers, but you have also got the i.t. stocks. investors do not have anywhere to hide, financial stocks are 0.5%, along with telcos. that is a quick look at the market in march. emily: this is bloomberg technology and i am emily chang. back to the top story. but if i filed for a direct listing on the new york stock exchange of plans to trade under the symbol spot. the music streaming company is not following the traditional ipo route and instead, plans to skip the price conventional share process. the price will be determined by the buy and sell orders that will be collected. joining us from los angeles is lucas shaw. the us how this will impact $25 billion music streaming industry. -- the music business shrank 15 years uninterrupted from 1999 or 2015.014 spotify is far and away the marke

julia: lng is tough and oil is a better prospect and quick.progress behind the scenes to me. tohan: if steps can be taken open the chinese economy and facilitate trade, i think that is a win-win proposition. what i am more worried about our steps taken to destroy existing trade. just create other macro problems. david: gina, this sounds good but the markets had none of it yesterday. are they right for wrong? gina: the market isn't focusing on the positive potential in the long-term future. instead, they're focusing on the near-term protectionist measures and attempting to price it in. on top of a week technical position anyway. weaktarted off on footing for the s&p 500 and attacks are locked became a trade related selloff as of yesterday but markets have gone into full risk mode as of yesterday afternoon. i think will are heads will prevail over time as we get -- i think cooler heads will prevail over time. this is about risk tolerance and uncertainty, and we have not had to deal with that for a long time. stocks are struggling to price this i

he was pivotal in sin the ship -- shift on lng. he has the polls on the global economy. let's take a quick check on the markets. it is the morning of when it comes to what is happening in italy. s&p futures a little softer down, off by seven points. the dollar weaker, but it feels pretty calm as markets and -- it is all,,st your unless you are in italian bonds. david: these are the three stories we are focusing on today. voting in germany and italy. leaving things up in the air in italy. jinping's meeting in china on the national people's conference. and number three, the turmoil over trade. alix: a real party over there guys. i want to kick it off with what is happening in europe. the action is a selloff or the italian bond market. the euro-dollar really calm. is the market going to have to deal with consistent and political uncertainty in europe? >> even though italian bonds are selling off, they are not really moving all that much, which is very interesting, especially considering the dire predictions should there be an unexpected verdict. we don't of the outcome of t

lng, which was mentioned. gas is a tool used by russia for economic/political purposes. we are exporting gas here in the united states. it seems to me something we ought to consider is the strategic tool to deter russia. and it would be in our interest to subsidize natural gas, lng, to europe as a way of deterring russia and pushing back in the most meaningful of ways, that is their economy. i suspect we ought to do a little economic equation here and see what it would cost to provide lng to europe at a cost similar to what russia is providing gas. could give us significant leverage. with one final question, do you need a new low-yield nuclear weapon to deter russia? >> sir, in regards to nuclear pasture review, the supplemental weapons systems part of that are required. what it does is ensures that we can be confident in response across any scenario that might be -- that might be projected. so i do believe we need those systems. >> thank you. i'll yield back. thank you very much. >> general, you've answered lots of questions about hybrid information, political warfare.

nine hundred millimeters of rain just in the last seven days and there's more wet weather still for lng you can see the showers that are with us at the moment certainly not as intense as those of we've seen but we don't need any more rain and we're going to see a few more showers not only on wednesday but also as we head through thursday as well meanwhile elsewhere the weather is quite quiet at the moment with twenty three is the maximum there in melbourne and adelaide and force in perth will be getting to around twenty eight and over towards new zealand and it's been rather wets for some of us here all courtesy of this weather front here it's been giving us some very heavy downpours across the south island but it is weakening as it works its way northward so for the north island there will be a few pulses of heavy rain just not quite as heavy as that that we saw over the south island for the south island on wednesday we should see some bright weather but it looks like it will turn a little bit fresher on thursday with a maximum in christchurch just of nineteen degrees now up towards ja

investment and japanese investment in the oil and gas business, particularly in the lng business has created thousands of jobs and high-quality jobs. it's exporting, yes, it's trade but you can see the opportunities there. if you look -- go back to queensland where i was recently giving a speech which is a regional city to the west of brisbane on the great dividing range, beautiful city, and it's at the heart of a big agricultural area. there is a new airport built by the wagner family and that is now exporting the darling downs to put it on the dining tables of asia. some of the best produce in the world. why? because of those free trade agreements. the tpp will enable us to do more of it so we are a medium-sized open economy. trade is good, it means more jobs, more investment for us and that's how we promote it but other than offering our example we don't presume to give you political advice. >> thank you so much mr. prime minister for being with us today and before you head back on this long journey back to australia, we're excited to have you preside over the signing of a memoran

nine hundred millimeters of rain just in the last seven days and there's more wet weather still for lng you can see the showers that are with us at the moment certainly not as intense as those of we've seen but we don't need any more rain and we're going to see a few more showers not only on wednesday but also as we head through thursday as well meanwhile elsewhere the weather is quite quiet at the moment with twenty three is the maximum there in melbourne and adelaide and force in perth will be getting to around twenty eight and over towards new zealand and it's been rather wait for some of us here all courtesy of this weather front here it's been giving us some very heavy downpours across the south island but it is weakening as it works its way northward so for the north island there will be a few pulses of heavy rain just not quite as heavy as that that we saw over the south island for the south island on wednesday we should see some bright weather but it looks like it will turn a little bit fresher on thursday with a maximum in christchurch just of nineteen degrees now up towards ja

higher crude prices could put an and to three years of revenue declines, or whether it will be importing lngt will be the big story. how much she think the good story on oil, opec a moving up its expectation of when it will see supply and demand balance, wti impacting optimism, how much will this see through to the chinese producers? aibing: because china's oil companies are certain, the oil prices will always be a big factor. right now there are uncertainties in the oil price market, but if you look at the bloomberg projection, it is a global projection. year, 2019,r this 2020. oil prices will stay at $60. for opec, there per barrel cost was $49. they can still make a very good profit. i want to mention cnoc is china's biggest offshore explorer. production barrel cost at $30, that is a very impressive number. as long as the oil price can stay above $30, they can make a profit. much, ournk you so asia energy correspondent. chinese telecom companies have been hurting, as the government revealed plans to lower internet and telecom fees by 30%. china mobile has earnings due thursday. we are joi

technical problems at norwegian fields and at lng facilities contributed to today's squeeze.nal grid's warning didn't ever mean uk homes would go cold, it was a call to the market to plug a forecast shortfall. and it worked. what we've seen is a spike in prices, which is expected. that tells people there is a scarcity. the flip side, we've seen more gas come onto the grid, so we've seen increased flows from europe. we've also seen some reduction in demand from the system. what we've got to, the point we've got to now is actually national grid have managed to balance the system. so that shortness of gas has gone away. so that's the system working? that's the system working as it should do. national grid didn't have to take further emergency measures, like buying in the market or taking official steps to reduce demand. but this crunch comes after the closure of the uk's largest gas storage facility, rough, last year. less storage means reduced ability to respond to unexpected events, and that, says this analyst, is a problem that needs fixing. there's plenty of gas in the world

we are a very big north american player but we have lng properties in australia, cutter, canada, with and alaska and the north sea, asia. it is a unique portfolio that can sustain the low sustaining n price through the cycles and overtime. youris the challenge of place shale players, sustaining that overtime. they do for a while, but can they do it over time? alix: that brings me to what you have been doing to your portfolio, selling assets. are you done? >> we are done in the big programs. we will always have portfolio optimization to do. we are always trying to clean up the bottom end of the portfolio. if it isn't competitive, it ought to be out of the portfolio and reject. our major efforts are done. we did in 2017 a phenomenal re-step of the company. it was huge, important for us to get where we did. we accomplished that we set up to do in three years and a one-year time. we picked a balance sheet. we are increasing the dividend. we are buying more shares back he believed undervalued in the market. and we really got ourselves on the front foot. vonnie: that was our exclusive inter

wilbur ross would like to see china increase lng purchases from the u.s. as a way to try and start making good on the reduction, 1$100 billion reduction in the trade surplus that the u.s. wants to see immediately. >> i was going to ask where the vulnerability is in the chinese corporate model. we were fixated on the shallow banking system and worrying that any external knock to the system could cause a domino-like effect ripple through the chinese financial economy. the government has been working hard to try and shift the risks. but we still look at companies like hna and we see the bond yields they're offering to get financing. it does raise the question who is exposed to trade financing in the chinese economy. and would they be very negatively impacted by a war that starts very modestly? >> there's lots of elements in that question. i think the -- i think the first point is that for us, i think this comes out in the report, to see a more serious and damaging and long lasting impact, we would need to see, as you say, the sort of motion, rhetoric rising o

for example, lng.ver there in november and when we were back at mar-a-lago, there was discussions of tentative deals announced. jenna needs to import large amounts and from their point of view, it would be logical to reasonmorbus than for no other than to diversify their sources, but also have the side effect of reducing the deficit. similarly, they have threatened various agricultural products could be more purchased in the u.s. than they are at present. there are a number of products that so far are being resisted by the chinese from meaningful import. they could relax those restrictions so there are a whole variety that the chinese could do and there are ones that could be more painful for them eliminating some of the some of the other coordinatehat exports and cause disruption in international trade market, including ourselves. the whole variety is large and waysse and there are many one could go about solving this problem. you we areo remind speaking to wilbur ross at this moment. on, i have aove

. >> lng is another one. they need to reduce pollution here, replace coal with liquid natural gas.have an abundance of that that's an area insurance and financial services, cloud computing. there's many areas where i think there's opportunity to correct some of the unfairness in the trade situation and open up new opportunities. semiconductors is another one where i think there's great opportunity and where america has a technologythat could be very beneficial. >> and i asked him about reports that the u.s. treasury was preparing to use national security law in order to block chinese companies from investing in u.s. high-tech firms like 5g for example. he suggested that this could be an option. >> obviously china protects its national defense they have a much stricter restriction on who can invest here and i think we have to also make sure that our national defense and our technology advantages are not stolen and that's what the administration is looking at to make sure that we are protecting america's interest in the technologies of the future >> he also said the chinese can make

. >> reporter: a $10,000 reward is offered for informationea lng to the arrest of the person or people responsible. >> it's scarey because this is another thing to be concerned about with all this craziness going on. >> reporter: bay area residents hoping it will soon be resolved. in the south bay, chris wynn, abc 7 news. >>> two fremont police officers who shot at a car killing a pregnant teenager inside, have been cleared in her death. the shooting happened last march when police say the driver rammed patrol cars. officers shot at the vehicle missing the driver but killing te passenger. 16-year-old elenaa month dragon. we learned today, the district attorney office found the officers were justified in the shooing. in addition the prosecutors will charge the driver with murder for the death of his passenger. he was wanted for armed robberies. he was arrested in san francisco one day after the shooting. >>> an east bay woman is looking for help find ago parrot. this is finn. the 3-year-old flew away from her owner in morgan hill. perhaps scared off by hawks during what's called a free

three bay area lawmakers propose a bill to raise the minimum age for buying lng guns from 18 to 21. >>> number 4, traffic wise. off to a soggy start as mike told us. we've got wet pavement this morning. here's a look at the richmond side of the richmond-san rafael bridge. give yourself a few extra minutes this morning. >>> number 5, you may soon see an extra lane in both directions on the richmond-san rafael bridge. there's a move to add a westbound lane. they want to study the lane as they get ready to open an additional eastbound lane next month. >>> part of international women's day. fighting to join the service employees international union. union leaders say women make up the majority of janitorial workers in the u.s. >>> number 7, new video of meghan markle and prince harry celebrating international women's day. we learn markle has been baptized into the church of england. something she promised to do before her wedding day. >>> posed as a police officer. on monday night, a white suv with flashing red and blue lights pulled up to a home in the san bernardino county town of victo

question has said he didn't actually lobby epa and the energy department is the agency that is controls lng exports. that's one of the reasons the trip was curious because it was a little odd to see administrator pruitt being the ambassador for natural gas. >> just to be clear, the argument is look, this isn't in the epa purview. it's an energy issue. we lobby them. why is he taking the trip to morocco to extol the virtue of american liquid natural gas? >> that's a real question that we still don't have a good answer to. maybe it has something to do with this or something to do with his general interest in domestic oil and gas. certainly pruitt is kind of on the president's front lines to embrace american energy. >> there's a memo epa from a deputy general counsel to the general counsel that exonerates pruitt and says it's fair market value and as such, everything is on the up and up. the thing odd about this is the memo is dated today. >> right. so one of the interesting things about the story, there was no prior review or indications there was any review of this living arrangement. perhap

. >> richard, gates was manafort's right hand man for a lng time. knew him very well extensively before and of course when manafort was chairman of trump's campaign. but then manafort left. and what i want to emphasize there gates was an important player. he stayed on. he then served on the inaugural committee with tom barack, the president's friends, who ran that. gates has deep ties to other members of trump's extremely inner circle. when you look at it that way, from what we know, he's the biggest fish with all of those tentacles. >> he is. he knows a lot of the people or very close to the president. some of the people who are currently in the white house who worked on that campaign. and if that campaign was illegally colluding with the russians or anybody on that campaign has lied to robert mueller about their contacts with the russians, they are going to be in big trouble. and this is well beyond the point of demonstrating collusion. we are now getting into the criminal activity question, was there a crime, and who committed it. and this invest

there a fewere over months ago they did make commitments between investment lpg,rade deals such as lngo there is a clear understanding something has to be changed in the trade relationship between the united states and china. back tot to bring it the white house and ask whether or not you would back peter navarro as a replacement for gary cohn? >> i'm not here to discuss personnel changes. i'm here to help people understand the details of the president's trade plan. >> i understand that. but who do you think would be best placed? there is a fear for whatever reason those voices around the president are in danger of creating a broader trade tension. a trade war. are those investors overreacting, being alarmist? >> a lot of these same people were frightened the president getnot going to be able to a tax bill through an infected got through an enormously favorable tax bill, cut's and reforms in the process. i think they ought to judge the president on his results, not on some theory as to what might happen. >> i know you want to talk about trade but i should ask about the rumors circulati

may is also looking into cutting off more lng from russia.hey get two thirds of the gas from russia. the u.k. not as much as it relies on the north sea. she hasn'ter trick heard to toolbox basically in terms of what she can do to retaliate against russia. as well as what the opposition is calling for. she tweeted immediately saying three names. russiane high profile elites who are close to vladimir putin who keep their money and houses in london. guy: i think that is certainly something that is being talked about a great deal in the u.k. at the moment how properties could be affected as a result of what is happening here. you talked a little bit about how the election is likely to be affected by this. it is clearly going to be a win for vladimir putin. the big question i guess a lot of people in russia will be asking is what does that election win mean? how will it affect russia? how will it affect russia's economy? people are talking about what happens next. annmarie: it's a good question. the next six years are obviously going to be vladimi

it was a lng-simmering frustration by the president with his secretary of state. they saw the world in different ways.an the president really wanted to assert himself more on foreign policy. he did not like delegating decisions to tillerson, a ngtime executive at exxon-mobil. he wanted to move in a new direction where foreign policywa created inside of the white house. >> woodruff: josh leaderman, what would you add to that? >> ih thinkat over time the fact that tillerson and trump were not going to be aod pair, a good partnership became more and more apparent until it was just impossible to ovek.rl it got to the point where you had foreign governments that r weren't evally bothering to deal with tillerson, to interact with him, the try to make policy with him because they didn't see him as actually speaking for tht trump admition. they saw the white house, the president himself, perhaps his son-in-law jared bernstein, and and -- jared kushner, and once you lose your ability to do your job in an effective way, it's final the for a change. that's what we saw tod>>a

. >> the from minister said she will potentially cut off lng and natural gas from russia.rned of the prime minister? >> every country, commercial operator and company is free to choose whatever supply it wants. we are committed to continue our supply at the most competitive conditions including the most competitive price. should any country up from another supplier, i don't think conditions will be that beneficial for them. guy: that was energy minister of russia. still with us, karen ward of jpmorgan asset management. when you look at inflation dynamics, they seem to be not correlated so much with the price of oil so much. do they come back at some point? karen: i think we have seen a bit of a q1 weakness in a lot of the data. it does still say when you have that spike in inflation that comes through, it does affect the economy quite quickly. what is remarkable is how the energy market is changing, how it has changed in the last seven or eight years. now when you have oil price push above $60, suddenly those rigs establish themselves in north america at incredible speed a

ineffective fuels from the standpoint of both cost and to the environment , being able to bring the lng to play in those markets would be good. >> on this committee you are concerned about global greenhouse gas emissions. replacing high sulfur, highly viscous crude as an energy source, with natural gas from louisiana but you would probably prefer texas. u.s. natural gas, what would that do? >> in all seriousness, we saw a major transition from older in the 2002 gas plant and we saw sulfur dioxide down by 60% commissions on over 50%. >> that is using venezuelans our crude. you're using something cleaner than not. >> the point is we can see the mission reductions and substantial initial reductions when you transition away plans that are using a whole another discussion which we don't have time for about the northeast been forced to use some pretty in effect to fuels because they do not allow the transport of natural gas against some of the states. >> texas was the leader of wind power. >> still is coming gas. >> you can have a start of plant that actually you enable for expansion of renew

that's why demand in our product, l & g, is so strong in china, we saw 50% your over year increase in lng >> you're weaning the world off coal >> we're providing a very competitive, affordable, reliable opportunity for them to get to a cleaner burning fuel source, yes. >> jack fusco, ceo of cheniere energy stocks up 24% in the last six months big ship going to india. congratulations on that. tyler, michelle, what he said, on time and under budget, those are not things we normally here in the new york metropolitan region for anything, is it it's nice to hear once in a while. >> for sure. congratulations on that. good stuff, brian. thank you. >>> all right, a rough day for target shareholders as the stock falls on the back of an earnings call also lack of clarity on what the retailer is going to do with its tax savings. ahead, we'll speak with tarkt's ceo about the quarter and much more let's begin. yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedi

then we like environmental plays, golar lng is another attractive name, in our view. >> thank you jonathanth big and small ways to navigate thank you very much. >>> 20 minutes to go we're watching the dow down about 400 points and continuing to follow the facebook fallout will new revelations tn uron sirius we'll hit the streets of manhattan to find out. gglobal bonds, and high-dividend strategies. sure, these are investments. but they're not what people really invest in. what people really invest in, is what they hope to get out of life. but helping them get there takes a pure focus. because when you invest their money without distraction, hidden agenda or competing interests, something wonderful can happen. they might just get what they want out of life, and maybe even more. directv gives you more for your thing. your top-rated thing. that five stars, two thumbs up, 12-out-of-10, would recommend thing. because if you only want the best thing, you get the #1 thing. directv is rated #1 in customer satisfaction over cable. switch now and get a $200 reward card. more for your thing. that's o

our pipelines more safe for example then the cars for moving audio or lng is if it's more than the bible commodities the country needs. the technology allows them to become safer and safer as we use our innovation technology. i would like for the record to submirecords tosubmit an editore "boston globe." recently it was about how the editorial page " massachusetts s some kind of a fit of righteousness and wanted to disallow any pipelines coming across the state so guess where they are getting their oil from now? russians. as opposed to americans. i would like to submit this for the record it's called the russian pipeline and its ugly toll. i would like to talk more on the issue of permitting. you came up to alaska last summer and essentially broke the logjam that was the longest it only took 40 years so can you talk a little bit more about the importance of not only your agency that all the agencies hereen working together so we cn get to this standard on the permitting reform streamlining so we can get the common sense of permitting whether it's pipelines were bridges or roads or ports

this is what he had to say >> lng is another one.need to reduce pollutio here, replace coal with liquid natural gas. we have an abundance of that that's an area insurance and financial services, cloud computing. there's many areas where i think there's opportunity to correct some of the unfairness in the trade situation and open up new opportunities. semiconductors is another one where i think there's great opportunity and where america has a technology that could be very beneficial. >> he also commented on reports that the u.s. treasury was considering using national security laws to prevent chinese companies from investing in u.s. high-tech. he suggesteded that would be an option he said the u.s. wanted to build a good relationship with china, not only on trade but on other issues like north korea. he said that he found it encouraging that north korea's leader, kim jong-un came here to beijing. >> i think the conversations and the communications between the president, president xi and president trump have been good i think the fact

want to oppose them everywhere.ll are they more say for example that railcars for moving oil or even lng as we're trying to do that. the ability to move these kind of much more safe. the technology allows them to become safer and safer as we use our innovation and technology. so the last administration took eight years and then finally disapproved the keystone pipeline. they switch that i would like for the record to just submit an editorial by the boston globe recently it was about how how massachusetts in some kind of fit of righteousness wanted to disallow any pipelines coming across the state. as opposed to americans. it's an editorial called our russian pipeline. the ugly toll. i would like to talk to a little bit about the issue of permitting you came up to alaska last summer and broke the log jam on a sterling highway eis that was the longest eis in the world. all of the agencies working together.ha i have a rebuild america at now act which i've been working with the administration on. on permitting forms. so we can get the common sense permitting. as opposed to nightmare scenario

lng, which was mentioned. gas is a tool used by russia for economic/political purposes. we are exporting gas here in the united states. it seems to me something we ought to consider is the strategic tool to deter russia. and it would be in our interest to subsidize natural gas, lng, to europe as a way of deterring russia and pushing back in the most meaningful of ways, that is their economy. i suspect we ought to do a little economic equation here and see what it would cost to provide lng to europe at a cost similar to what russia is providing gas. could give us significant leverage. with one final question, do you need a new low-yield nuclear weapon to deter russia? >> sir, in regards to nuclear posture review, the supplemental weapons systems part of that are required. what it does is ensures that we can be confident in response across any scenario that might be -- that might be projected. so i do believe we need those systems. >> thank you. i'll yield back. thank you very much. >> general, you've answered lots of questions about hybrid information, political warfare.