it's a sizable part of our economy in the midstream energy business. melissa: yeah. richard kinder, thank you so much for coming on. >> thank you, melissa. melissa: a proud houstonian, right? >> i am. melissa: now to texas shale. something that has become a colossal new source of energy when the largest mining company in the world invests billions in it. bhp billiton bought $20 billion worth of shale assets just last year. many of them were right here in texas. the company's aggressive plan to gain dominant foothold in the industry is expected to create hundreds of jobs. joining me is the houston energy magnate tasked with leading that charge, mike yeager. he is the chief executive of the bhp billiton petroleum and here in a fox business exclusive. thanks for joining me. that was a quick switch. well-done. very smooth. very smooth. >> we're fast up here. you know that. melissa: that's right. there is an energy revolution going on right now in this country. >>> melissa it will be the biggest thing in most of our lifetimes. maybe the biggest thing in the united states

on to the roof of the vehicle when rushing water slowly and then suddenly washed the truck into midstream. look at this. the rescue team used an aerial ladder and ropes to secure the truck and driver and then rescued him on the raft as you can see. the operation took about two hours. it was quite tense. thunderstorms dumped as much as two inches of rain on the phoenix area. >> just remarkable images. a very different situation for us here weather wise. >> very different indeed. sandhya patel is here. >> picture perfect weather. they are flooded with the rain due to the monsoon moisture in the phoenix area. we are flooded with sunshine. look at our live doppler 7hd right now. fog is trying to get closer, but it is being shy. skies are clear, but that fog will close in on the coastline later tonight and heading into tomorrow morning. the temperatures at this hour in the 50s and 60s. antioch is 71 degrees. today's highs in many areas came up a few degrees. upper 80s inland and low 60s coast side. we will bump those numbers up a few more degrees for your saturday. coastal fog overnight. anoth

on to the roof of the vehicle when rushing water slowly and then suddenly washed the truck into midstreamrescue team used an aerial ladder and ropes to secure the truck and driver and then rescued him on the raft as you can see. the operation took about two hours. it was quite tense. thunderstorms dumped as much as two inches of rain on the phoenix area. >>kable images. a very different situation for us here weather wise. >> very different indeed. sandhya patel is here. >> picture perfect weather. they are flooded with the rain due to the monsoon moisture in the phoenix area. we are flooded with sunshine. look at our live doppler 7hd right now. fog is trying to get closer, but it is being shy. skies are clear, but that fog will close in on the coastline n later tonight and heading into tomorrow morning. the temperatures at this hour in the 50s and 60s. antioch is 71 degrees. today's highs in many came up areas came up a few degrees upper upper 80s inland and low 60s coast side.ll bump we will bump those numbers up a few more degrees for your saturday. coastal fog overnight. another warm d

on to the roof of the vehicle when rushing water slowly and then suddenly washed the truck into midstreamlook at this. the rescue team used an aerial ladder and ropes to secure the truck and driver and then rescued him on the raft as you can see. the operation took about two hours. it was quite tense. thunderstorms dumped as much as two inches of rain on the phoenix area. >> just remarkable images. a very different situation for us here weather wise. >> very different indeed. sandhya patel is here. >> picture perfect weather. they are flooded with the rain due to the monsoon moisture in the phoenix area. we are flooded with sunshine. look at our live doppler 7hd right now. fog is trying to get closer, but it is being shy. skies are clear, but that fog will close in on the coastline later tonight and heading into tomorrow morning. the temperatures at this hour in the 50s and 60s. antioch is 71 degrees. today's highs in many areas came up a few degrees. upper 80s inland and low 60s coast side. we will bump those numbers up a few more degrees for your saturday. coastal fog overnight. another

it's my understanding from the last time that you hired a director -- and i think i came on midstream as the city attorney representing the bic. so, commissioner walker may have some more to add to this. but it was my understanding that the commission -- commissioner walker was the president of the commission at the time. she obtained authority from the bic. i don't know if it was formal or it was just the consensus, that she would take the helm in terms of a director search. she worked with i believe three other department heads within the city, the director of public works, the chief administrative officer, and i believe the general manager of the puc. >> controller. >> yes, it was the same person. >> same person, different position, yes. >> so, president walker worked with those three city staff to develop the protocols, the search process. i think you hired or worked with a search firm. sent out solicitations, received qualifications and applications from candidates. and then i believe that group narrowed the field down to half a dozen potential candidates. at that point the build

driver had to climb on to the roof in rushing water slowly then suddenly washed the truck into midstream team used an aerial ladder and ropes to secure that truck and to secure the driver. they got him out there. the operation took two hours. it dumped two inches of rain in the phoenix area yesterday. >> faa is trying figure out out a landing door broke off. it fell from a boeing 767 jet on to a quiet street in washington. neighbors report hearing from a thud. faa high school tracked down the plane but isn't releasing the name of the company yet. lisa is here and i wanted to mention one event going on in city of concord. concord high school is having their second carwash. stop off and drop off a five or ten, i think that is pretty darn neat thing for young people to do. >> lots of sunshine. >> 86 for their high. back home. wind is blowing from roof camera. you see the clouds, mid-50s with good west wind, up to 20 miles an hour. we have fog around the bay but warm temperatures in the forecast. not for the whole weekend, i'll explain next. >> also, hunta virus scare impacts hikers. >> a br

going to be looking, i think more at him because they tend to let the challenger, the entertaining midstreamto get the other horse. they look to 1980 and ronald reagan. all right. we could switch to him. does your husband need to do that? does he need to show in that debate that he is worthy of americans' interest in switching? >> i am looking for to the debates. i think it is going to be an opportunity for a lot of americans to maybe tune in for the first time and see that this guy is a serious guy. neil: his own people seem to be trumpeting his debating skills. maybe it is working against an off. >> well, you know, i think we have great confidence that the president is a very good debater. neil: better than air has been? >> i'm not going to a comment on that, but i do think that the president will have an advantage obviously going into these debates. everyone knows he is a good debater and he is the sitting president of the united states. i definitely think that because in as an underdog. neil: you and for study michele obama, critics of both say each of you gave better speeches and your h

that a year from now the economy will be good, and in that case, why do you then change the horse midstream and all those cliches we use when talking about an election. >> so the president is connecting better with voters, and at the same time they think things might get better down the road. with me, the world's leading authority of financial crises and steven moore, the writer with the wall street journal. steven, we asked who had a better handle on the kmi, and president obama was one point higher than romney. you're the 1% that wants to give romney a shot on the economy. >> i think candy nailed it. it is true that two-thirds of americans think the economy is in rotten shape now. but on election day, if people feel like things are getting better, there is no question barack obama will win this race. >> do you think they are getting better? >> they are getting better, but it's a roller coaster ride on this economy. it's also reflected not just in the polls that candy talked about, but the confidence numbers seem to be rising a little bit. the stock market has been great the last couple we

should mention george bush's name and we are on the right track and you don't want to change horses midstream go back to the republicanings, you will go back to what we had before. do you want to do that or keep moving in the direction we are in. >> that constitutes a challenge for the republicans it is not easy to ask people who voted one way to make a significant change to say to themselves. gerks e, i made a mistake. there are republicans that voted for obama. i don't think he will get them this year. but among the independents, these are the people who will decide this election and you are asking them to admit they made a mistake and turn another direction. if the argument is that this is a new direction and back to the stame old policies, polls that show people thought brought us boo this under president bush . that helps the argument. there is it a lot ofs about president obama and the worst of the recession was over by the time barak obama took office and the economy start tod join before the stim tim spending took affect. these are arguments that are available to republicans, we have

so why would we change midstream? let's keep revving up china, right, greta? >> i a saw they just tweeted that president obama is finally listening to you on china. >> it's interesting. i've been talking about china for the last three years on your program and others and people are starting to listen and all of a sudden he's starting to try to get tough but unfortunately it's only words and it should have been stopped years ago. it should have been stopped years ago. they have been doing this in many industries. he's talking about autos, but this has been done and is done in many industries for years. but at least he's looking at it. at least for the first time he is listening. >> you know, it's funny, i thought you would be more appalled about using stimulus funds on the solar panels in china than you are and i sort of detect an apathy or what do you want type response than one that's gotten you enraged. >> greta, if you get enraged from all of the stupidity from this government, you wouldn't be around long. it certainly angers me but at a certain point you j

>> i think the campaign was very successful that you don't swap horses midstream. president's speakers, especially bill clinton, acknowledged the economic pain but they reminded the electorate that this was an external shock. while things aren't ideal, you need to stay the course. i found it very interesting that this message of staying the course and that slow and steady improvement is a will the of what we saw in 2004 coming out of the republican national convention with bush. dealing with terror not the economy. but in saying, we had this external shock. we need to move forward. i can't help but see the other similarities in terms of the challenger to incumbent's president. where in 2004 we saw john kerry, a bossipatritoin, out of touch with the election, and same with romney. >> when you look at the romney/ryan ticket and deal with the fact that it appears that many americans are -- not trustful of romney handling the economy, maybe they're looking at ryan's budget plan, which really clearly makes these points. cuts $1.5 trillion from affordable care act, cuts

he had to climb on the roof when rushing water slowly washed the truck into midstream.cue team used an aerial ladder and ropes to secure the truck and driver and then got hem out of there by raft. the operation took two hours. i wonder what went through his mind when he was standing on top of the truck. two inches of rain on the phoenix area. >>> this morning the faa is trying to figure out how a landing gear door from a jet plane broke off and fell into a washington state neighborhood. there's the piece of the plane. it somehow fell from the boeing 767 on to a quiet street in kent, washington. neighbors reported hearing a thud from the carbon fiber door. some say is came from a cargo plane at a nearby landing field. they are trying to track down the plane and are not releasing the name of the company yet. no damage done fortunately there. >> yeah. >> what's going on weather-wise? you are walking about a cooler one? but not a cold one coming up? >> exactly. i like those words. >> i have been listening to you all morning and i think i have it figured out. i feel good abo

he had to climb on the roof when rushing water slowly washed the truck into midstream. raft. the operation took two hours. thunderstorms dumped as much as two inches of rain on the phoenix area. it is monsoon down there. >>> this morning the faa is trying to figure out how a landing gear door from a jet plane broke off and fell into a washington state neighborhood. the piece of the airplane fell from a boeing 767 on to a quiet street in tent, washington. neighbors reported hearing a thud from the carbon fiber door. some say is came from a cargo plane at a nearby landing field. they are trying to track down the plane and are not releasing the name of the company yet. >>> lisa argen doesn't predict things falling from planes, but is there any mist coming down or anything? i didn't see any this morning. >> it was pretty clear out there. we do have some clouds around hay wood and oakland this morning. temperatures mainly in the 50s as you head on out this morning. it's not too cool or too gray. we have changes, so stay tuned and i'll have them for you coming up. >> all righ

that a year from now, the economy will be good and in that case, why do you then change a horse midstream and all those cliches we use when talking about elections? >> so the president's connecting better with voters and at the same time they feel like things might get better down the road. here with me in new york is ken rogoff. and steven moore is "the wall street journal." asked who's better to handle the economy and the latest poll finds it's president obama with a one-point lead over governor romney. you have made your chase that you're part of the 49% who want to give romney a shot to fix this economy. >> right. >> if they're so close on the economy, why isn't your guy doing better? >> first of all, i think candy nailed it. it is true that two-thirds of americans think the economy is in rotten shape right now. but if on election day, people feel like things are getting better, no question barack obama wins this race. >> do you think they are feeling that? >> it's a roller-coaster ride on this economy. it's also reflected not just in the polls that candy talked about, but the stock m

forward with a plan that is working and mitt romney has not shoun shown any reason to change horses midstreams, thank you for the insights and for the laughter as well. thank you both. >>> also making news this morning, teachers in chicago are on strike for a second week now. mayor rahm emanuel trying to get them back into the classroom by force. nbc's chief education correspondent rehema ellis is live in chicago. what's going on? >> reporter: i can tell you that at this moment, we understand that chicago mayor rahm emanuel has had his lawyers go to court seeking an injunction to force teachers back into the classroom. he says this is a strike of choice and the children are being used as pawns in an internal labor dispute. the teachers, labor unions and representatives failed to vote on an agreement on this tentative contract. many of them say they need time to mull over the terms of this thing, which is over 200 pages and there's real concern about some of the big issues, concerned about teacher evaluation, schools and districts and parents all across this country are concerned about that. i

well earlier in this program, it becomes the situation where do the voters want to change horses in midstream has to come up with a better alternative policy, that's going to be more attractive. i don't think this is necessarily as big of a problem for obama. we have to wait and see. >> shameless plug time. clarence? >> i want to give a plug to rahm emanuel for seeking an injunction in the strike in chicago. no reason why they can't go back to the table and talk. first strike in 25 years. both sides, a lot of egos going on. we need to get the kids back in school. >> jackie? >> interesting, we have two in chicago-based shameless plugs. i plug anything that monica davy of "the new york times" writes out of chicago and the middle west including her coverage of the strike. >> and dan? an illini grad? >> plug for this weekend's national book festival on the national mall, saturday and sunday. >> it is. if you could just download everything, just -- i'd want to be able to browse and download at the same time. that's it for this edition of "the daily rundown." happy new year to my injury friends out

people don't want to change horses in midstream and what's adding to the hope is what they have already seen, a record by obama, whereas governor romney has not given specific ises of his economic recovery. secondly, i think we have to look at the fact that president obama is known for having good people skills he connects with people, rolls up those sleeves. he connects. even his foes may say he didn't do a great job on the economy but he is honest. >> what advice would you give mitt romney? >> can't duck the 47%. go out there take responsibility for t secondly, what he has done is releasing more of his tax, he should have done that before >> the trouble is the changing electorate. looks to me, i say that advisedly, looks to me like the republican party has not taken note of the growing number of latinos in this country. >> at one point, many african-americans were very much disappointed with what president obama was doing. they felt wasn't connecting to them as perhaps he should as a person of color and now, that's kind of turned around and he has got that extra boost from the african

looking back to 1980, we were as a nation willing to consider changing horses midstream in the case ofthat is a big move to fire your president. you have to see how the other guy stands up. and that one debate that year with ronald reagan and jimmie carter seem to allay americans of the fears if they switch horses they would be switching to wrong guy. the debates rise in importance today. >> they do. the country believes that it had a failed president and ready to change him. but the same situation then. they look at ronald reagan and told it is a crazed cowboy and movie star and can't be trusted . then he removed those doubts in that debate by coming off as the genial and humorous conservative he was. the country said that guy is just fine and 10 points suddenly switched to reagan. and he won it. that's what mitt romney to h hopes to do and hoped to do in his convention. >> when you look at the polls and they are so tight. just a slight movement in either direction could make a close election anything but. but say mitt romney tipped all of those midwestern state,. wisconsin and michig

likely that you would like to invest with the partners around us from the developer, downstream, midstreamhere. >> here in the united states who is expressed interest in working with you or who are you reaching out to work with? >> we have a great partner here, noble energy. they are in israel since 2004 i believe. and they are part of it. amal and levithon. we're trying to make them happy. because it iss important for israel investor to get more into israel. that is the reason for the conference here today. you can invest with those companies and you can invest with other, we're planning to exporting terminal we were talking about before is basically 10, 12, $15 billion. we don't know exactly because we're in the middle. we will need partners to come build with us doing this. we're looking for added value capital. not just capital. >> we appreciate your joining us here on the fox business network. considering the future for israel, not too far future, literally the next two years, a country of 8 million people being an energy exporter. melissa: amazing. adam shapiro thanks very much. lori

those are things that president obama made possible for young people and people changing careers midstream and in their adult life. jenna: okay. >> have opportunity to live the american dream and join the middle class. jenna: three big ideas there according to congressman schultz. nice to have you today. >> thanks, jenna. good to be with you. jenna: thanks to our viewers for gabrielle giffords. that was a big moment. and a lot of talk from the viewers on that. look forward to having you back. >> thank you. ♪ don't our dogs deserve to eat fresher less processed foods introducing freshpet vital recipes so fresh the only preservative we use is the fridge freshpet fresh food for fido jon: the u.s. economy adds only 96,000 jobs last month as hundreds of thousands of americans simply give up looking for work. what those grim numbers mean in the race for the white house. a big week and lots of drama at the democratic convention, how the mainstream media covered it compared with the coverage in tampa last week. and leslie weakens to a tropical storm but could become a hurricane again, bermuda in i

the irs is changing the rules midstream through regulation, regulatory action.hat is inconsistent under the law. we are seeking to enforce that by arguing they violate the administrative procedures act and clearly acted in contravention of the plain reading of the statute. host: here is "the new york times" yesterday. liking it are not, many states are preparing for the health- care law by setting up these health care exchanges. he noted the their 20s to are not but some states like arizona, with republican governors, who do not like the idea of the exchanges, but that are going ahead and setting them up. the argument being it is better that we, if we have to do this, that we control our exchange system rather than the federal government because under the affordable care at, if that state does not -- the government sets one up for you. guest: what i would say to got -- to that, and some sense i am agnostic as to any state should adopt an exchange. it is a policy decision. but whenever policy decision is made by the state of oklahoma, and this case, not to implem

the irs is changing the rules midstream through regulation, regulatory action. that is inconsistent under the law. we are seeking to enforce that by arguing they violate the administrative procedures act and clearly acted in contravention of the plain reading of the statute. host: here is "the new york times" yesterday. liking it are not, many states are preparing for the health- care law by setting up these health care exchanges. he noted the their 20s to are not but some states like arizona, with republican governors, who do not like the idea of the exchanges, but that are going ahead and setting them up. the argument being it is better that we, if we have to do this, that we control our exchange system rather than the federal government because under the affordable care at, if that state does not -- the government sets one up for you. guest: what i would say to got -- to that, and some sense i am agnostic as to any state should adopt an exchange. it is a policy decision. but whenever policy decision is made by the state of oklahoma, and this case, not to impl

>> they could, andrea, but i think that this nfl is very often capable of redoing things in midstreampret rules. but this would have been such in their mind a gigantic thing to go and overturn the ruling of the officials on the field. then i think they would have figured, where would it stop? >> real quick before i let you go, long-term impact on the nfl brand of this? because let's be honest. people might have been angry. they were still watching the games, still buying the jerseys, still going to watch the games. does this really hurt the league at all? >> i think it really hurts the league and green bay, wisconsin. in green bay, which is where the bedrock fan is and where green bay has fans all over the country, you know, i got tweets, i got some direct messages over the last few days, i'm done with this season. i'm finished. that's probably emotions speaking. but i think the nfl owes green bay a big one. and i don't know how they're going to make it up to them. >> especially if they miss the wild card spot. >> by one game. it will be an outrage. it will be an outrage. >> peter kin

fails to provide necessary information in a timely fashion or changes the parameters of the project midstream. these anti-nepa claims are not based in fact and they're a smoke screen. a smoke screen designed to hide the fact that the real goals of exempting this land deal from nepa is to shield this exchange from public scrutiny. later today mr. holt will have an amendment to restore nepa compliance for this land deal and that amendment should be approved. a vote for nepa is a vote for the idea that the average american might have something valuable to say about the management of his natural resources. a vote for the bill without nepa is a vote to shroud this deal in darkness so that its potential impacts on habitat, water quality or recreation remain hidden from public view. mr. chairman, i reserve my time. the chair: does javement the gentleman reserve his time or does the gentleman yield back? does the gentleman reserve his time or -- mr. grijalva: reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentleman from washington. mr. hastings: i'll ad

is changing the rules midstream through regulatory action that is inconsistent under the law and we areo enforce that by arguing they violated the stpraeuf procedures act -- administrative procedures act. host: many states are preparing for healthcare law by setting up these healthcare skhaeupexchang. some states like arizona who do not lake the idea of exchanges. they are setting one up their argument being it is better that if we have to do this that we control our exchange system rather than the federal government because under the affordable care act if a state doesn't set one up the federal government steps in and sets one for you. guest: what i would say to that is in some respects i'm agnostic whether any state should adopt an exchange. that is specifically a policy decision. whatever policy decision is made by oklahoma, in this case not to implement an exchange, there should be protections based on what the law says on what occurs if you choose not to implement an exchange. what is not talked about much is it is -- if one person qualifies for a tax credit at a business that does

saying is that we will support on a conditional basis economic reform programs, but we'll stop in midstreamat such time as they don't comply with the economic conditions. it's a very conditional confidence. how much confidence do you think investors get out of that? >> first, with regard to the longer term operations, they were delineated, but also indirect government support because they required governmental institutions to use the funds to support government. it is true over the lotr period bank's in italy and spain bought more government debt than their governments issued. what may be happening, and i hope you all turned the blackberries off so i'm not wrong by the time the sentence ends -- [laughter] is ecb has a willingness to build a bridge. you emphasized the lack of specificity. i think market participants emphasize the open-ended nature of it. that is, the bridge will be as long as it takes for politicians to build the infrastructure to make it a more durable institutions. they have a lot ofeavy lifting to do. they are in no way, shape, or form is guarantee that they will accompli