secondly uber represents broader changes in the national economy, that's what hillary clinton and some democrats have pointed to. although they are not to be fair to democrats, they are not saying uber is bad in and of itself it raises some problems and underscores some problems in the economy we have to deal with. >> what about the republicans, what are they saying in terms of

you can get pulled over in this country for having a broken tail light but if you wreck the nation's economyyou are absolutely untouchable. [applause] gov. omalley: you know and i know. this is not how our economy is supposed to work. this is not how our country is supposed to work. this is not the american dream. it does not have to be this way. this generation of americans still has time to become great. [applause] gov. omalley: we have saved our country before. we must save our country now. we will do that by rebuilding the dream. as i look out here today, over this original land of the free and the home of the brave, i see the faces of so very many who have helped so many people and the life of our city and state. together, we made our city a healthier and safer place for kids. we made our city believe again and we invented a new and better way to govern the city, and we got things done. [applause] together, we made our state's public schools the best in the nation. we made college more affordable for more families. [applause] gov. omalley: let's hear from -- for the teachers back there.

that the best way to ensure that the nation remained united and intact was through a strong national economyhat blended the agricultural economy of the south and industrial economy of the north together into one strong national economy. you see at the bottom corner the anvil and shuttle representing the industrial north and the plowing cattle representing the agricultural south. clay called his plan the american system. it was something he called internal improvement. those improvements include roads, bridges, waterways, and other sorts of infrastructure funded by the federal government. today, lexington sits in confluence of i-75 and i-64. clay would have loved he could go any direction from his hometown. that is what he wanted to accomplish. henry clay had a sense of a protective tariff to protect our economy around foreign influence, particularly british influence. i'm only, he wanted to create a bank of the united states, which would lend money to state banks which could relent out to stimulate industry and agriculture, furthering the american economy. one of the things that is kind of i

the decision could cause huge damage to the national economy. and there were other crucial issues regarding membership. a panel discussion was broadcast in december, 2014, about the question of joining the eeu. >> translator: kyrgyzstan's economic structure is different from that of russia, kazakhstan, belarus. we have no manufacturing and our economy is founded on trade and the service industry. how will we survive in this economic union? >> translator: if we join this economic union, workers in member states will no longer need to apply for special working permits to find work in other member countries. for example, people in kyrgyzstan will have the right to work in russia. belarus, or kazakhstan. >> amid differing opinions, the kyrgyz's deputy minister of economy has talked up the benefits that membership will bring, including to the financial and manufacturing sethors. the key point happen immigrant workers. >> translator: if we join, kyrgyz's migrant workers will see a clear benefit. the situation in the service industry may also improve.

since the government had encouraged the citizens to buy the stocks to boost the national economy in the first place. >> reporter: absolutely. i spoke to the economist about it he characterized it as propaganda to encourage eem to invest in the market. some people i've spoken to there's not a lot of anger at the government right now because this hasn't ended yet. we don't know how it's ended. how this is going to end this volatility we've soon over the last three plus weeks they're not sure exactly how angry they need to be with the government. one that came out on thursday is they're easing, they've asked the insurance companies to ease the paying back to buy stocks. the government is easing the debt of those investing in the market. the government should take a step back, and those who have invested they're asking the government to be more involved, the government in general we'll have to wait and see how this happens and if it does end any time soon. >> thank you, scott heidler on the inside chinese stock drop. >>> a null bailout deal, prime minister alexis tsipras says he plans to su

he thought the best way to ensure the nation remained united was for a strong national economy that blendedhe agricultural economy of the south and the industrial economy of the north as one. you can see at the bottom corner of the industrial north and the agricultural south. clay calls his plan the american system and it has several planks. the first of those was something he calls internal improvement. they would include roads bridges, waterways, other sorts of infrastructure funded by the federal government. today clay would have loved if you go any direction north south, east, west on that infrastructure. that is what he wanted to accomplish. he had protective tariffs to protect from british influence. he wanted to create a bank of the united states which would lend money to state banks which would be sent out to stimulate agriculture. one of the things that is interesting about it, it is personal space predominantly. family space. it is now in henry clay's bedroom. we have it set up in his bed. he likes the bed so much he wrote a newspaper testimony praising the maker and how the man t

analysts are concerned that prolonged controls could have serious impact on the nation's economy and people's livelihoods. >>> greece's finance minister resigned in the wake of the referendum. euclid tsakalotos had previously learned in the talks. he is the eighth finance chief since the start of the debt crisis in 2009. he's an economist who had been serving as deputy foreign minister. he indicated he wants to enter new debt talks with the backing of greek citizens who oppose austerity measures. he said people are expecting government officials to come up with an effective solution. his predecessor varoufakis was seen as an obstacle in the taux by some. prime minister tsipras felt his exit would be helpful in reaching a bailout deal. >>> let's see what's happening on the busin otani. >> james thanks. railway operators from around the world have gathered in japan for a conference on high speed rail. prime minister shinzo abe gave a speech addressing the bullet train technology. the ninth world conference of railways is underway in tokyo. abe told the meeting that shinkansen has enabl

analysts are concerned that the prolonged controls could have serious impacts on the nation's economy and people's livelihoods. >>> and those greek banks may be set to reopen but they may not have much cash on hand making matters worse, their sole lifeline is stretched to the limit. we're joined from the business desk they are finding themself in a tight squeeze. >> they have no way to tap into the financial market. that's essentially a march joy problem as trust in the banks has sunk so low they are relying on emergency liquidity assistance from the european central bank to stay afloat. the ecb is moving to tighten condition to fund them. board members had an emergency telephone conference on monday ecb's decision will likely strike a further blow against greece's banks. they will require the institutions to provide bonds as collateral because the volume of greek debt sank as the bailout talks founder. the country's bank may see a drop in the amount of funding they could we steve from the ecb. board members decided not to lift the lending limit rejecting a request from athens. now un

you are part of the economy not only the regional economy but even the national economy.our merchant on main street and lexington could not have been selling chinese tea without the roads. the folks that read the book will have a much greater appreciation for the role of the road in people's lives. people established homes, people who established businesses people who were able to conduct business because of the roads. again the idea is don't take infrastructure the roads for granted. it's what's making your business possible next we hear from justin wedeking who investigated every supreme court nominee since 1965. >> how would any member on this committee, any person in this room or any person in this country would like that said about him or her in this fashion oradist dirt dredged up and this gossip and these lies displayed in this manner likes how would any person like it? the supreme court is not worth it. no job is worth it. i'm not here for that. i'm here for my name, my family my life and my integrity. i think something is dreadfully wrong with this country when a

not only the regional economy but also the national economy. i merchants and lexington cannot event selling chinese tea without the road. i think the folks that read the book will have a much greater appreciation for the role of the road in people's lives. people who established homes people established businesses. people who were able to conduct business as of the road. again, the idea is that don't take the infrastructure, the road for granted. it's what's making your business possible. >> for more information on a booktv's recent visit to lexington and the many other cities visited by our local content vehicles, out of c-span.org/localcontent. >> booktv recently visited capitol hill to ask members of congress what they are reading this summer. >> i'm reading a lot of bills and legislation, takes away my time for reading for pleasure. i've been able to start a couple books. decision point, about george bush and eisenhower biography i picked over at the library of congress. i haven't been able to make it to be the one of those yet. i have fini

secondly uber represents broader changes in the national economy, that's what hillary clinton and someocrats have pointed to. although they are not to be fair to democrats, they are not saying uber is bad in and of itself it raises some problems and underscores some problems in the economy we have to deal with. >> what about the republicans, what are they saying in terms of how companies are changing the economy, changing the way people are working today? >> republicans are casting uber as a symbol of the 21st century economy, and say when democrats raise questions about it they're looking backwards, they're representing the past for example, last week hillary clinton gave a speech reflecting her economic view in which she talked about the issue of classification should workers be described as a contractors or as employees of firms like uber? as it happened this is a big issue with uber many other firms too, fedex just paid a big settlement on that issue as well. and jeb bush attacked her for being stuck in the last century, that's a fuft tour past debate that republicans think they're

this edition for sunday, july 5: greek voters turn out in droves to decide the fate of their nation's economy. greek voters reject the terms of the european bailout plan in our signature segment, unable to find work and being forced into poverty because of a criminal record. >> i did my probation. no violations. model citizen. it's like every time i apply for a job, i feel like i'm committing a crime all over again. >> sreenivasan: and, a close look at native american fashion. next on pbs newshour weekend. >> pbs newshour weekend is made possible by: corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we are your retirement company. additional support is provided by: and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. from the tisch wnet studios in lincoln center in new york, hari sreenivasan. this is pbs newshour weekend. >> sreenivasan: good evening and thanks for joining us. i'm hari sreenivasan. we start with greece, where officials are projectin

recognizing that this is the foundation for the nation's economy and the key to the national ability to compete in the global economy, it's essential that we focus efforts to improve freight movement on national highways systems. the drive act includes two new programs to help the states deliver projects and promote the safety in that delivery. the bipartisan freight program leverages federal investment by encouraging public-private partnerships and other creative financing approaches. it also will create the first ever freight-specific investment program prioritizing investment in our commerce moving network. the first new program is the national freight program. this is distributed by a formula that will provide funds to all states to enhance the movement of goods that go through their states. now, this is something, as i said, has not been done before. and i haven't heard any objection to this, the fact that this isn't just state specific because this goes to the whole nation. and so it is very popular. the program will expand the flexibility for both rural and urban areas to desig

a network of modern roads is as necessary to defense as it is to our national economy and our personal safety. he was referring to the fact that we really couldn't move easily between the states if there was some type of national emergency. and i want to say, you know, i was a little girl when eisenhower ran and my father was a lifelong democrat but he was for ike, and one of the reasons he was for ike is, he knew that we needed this kind of network. it appealed to him. he knew how important it was. now, mr. president if we look at the groups that are supporting us in this effort, i would just say they represent america. they're everyone. from the u.s. conference of mayors to the brotherhood of carpenters. the international union of operating engineers. the triple a -- and we all most of us belong to triple a because we're worried something is going to happen in one of owes bridges or roadways that's filled with obstacles, and we could get in a crash. we belong to the triple amp. they support us. the laborers international. mothers against drunk driving. the american council of enginee

then we need to rein in the out of control federal regulations that are like a blanket on the nation's economyre, enforce common sense but get rid of the bureaucratic red tape, i call for a moratorium on new regulations, we can do the same in washington, and we can repeal all of the other bad obama regulations to get this economy going again. next we need to put in place an all of the above energy policy saying we'll use abundance of what god has given us here in america and this continent. you knowy that's right. we are an energy-rich country. we can start refueling our economic recovery. we need a president who on day one will approve the keystone pipeline. that is right approve that pipeline, put in place a plan to level the playing feel for all forms of engineer, then give people the education and skills they need to succeed. if we do that we can help people find careers that pay far more than minimum wage, in wisconsin we reform public education, and provide more quality choices for families, i trust families, i trust parents to make the right decision for their children. i believe -- i b

part of the economy not only the regional but the national. they could not have been selling chinese tea without the road. the folks that read the book will have a much greater appreciation for the road the roads in people's lives, people who establish homes people who establish businesses, people who are able to conduct business because of the road. again the idea is don't take the infrastructure for granted. it is what is making your business possible. >> how is any number on this committee, any person in this room or any person in this country would like said about him or her in this fashion. for this dirt dredged up and this gossip and lies displayed. how would any person like it? the supreme court is not worth it. no job is worth it. i am not here for that. i am here for my name, my family, my life and my integrity. i think something is dreadfully wrong with this country when any person, any person in this free country would be subjected to this. this is not a closed room. there was an fbi investigation. this is not an opportunity to talk

that's because the nation's economy is improving. according to federal reserve chair janet yellin. during a report to congress yellin said even with an increase, interest rates are likely to remain at very low levels. borrowing rates are lower than they've ever been. that's been the case for the past 7 years. greeks are protesting a planned austerity deal. the plan that reduces the retirement age and taxes is part of a plan to save greece's failing economy. public workers went on strike as others protested in the streets. >> new video of guzman entering the 11 mile tunnel under the shower in his prison cell. he escaped from the maximum security prison saturday night. mexican authorities are offering nearly $4 million for information leading to guzman's capture. >> watch your screen and you can see what's 4 1/2 million miles away from where you are right now. this is pluto up close. this closeup nine 1/2 years in the making. the first picture reveals a surprisingly spotted surface and a heart shaped image that could be a crater the hope is is that information that's gathered about p

but to local and state economies and ultimately the nation. i'm going to focus on five key areas related to college completion of underrepresented minority and low income students, and they include demographic changes in our school, continued segregation levels academic preparation and the factors that predict the college completion gap and end with the role -- some discussion on the role of data and unction understanding where the odds of college completion are most challenged. it's not on, actually. the majority of all u.s. births we cannot neglect we are in an era of undemographiced change but also in our public schools. the majority of all u.s. births and the majority of k-12 public school students are now non-white. the cost of failing to prepare this population to earn a post secondary credential has become a matter of state and economic welfare. five states have majority-minority populations. and at least four states have majority-minority populations among children under the age of five. latinos are now the the largest minority group i

. >> reporter: while the volume of consumption remains stable taste have changed with the national economy. >> the medium priced wines have suffered. and people are moving to cheaper wines. so bulk wine or bag and box. >> reporter: on the scale of human suffering, we have witnessed in greece in recent days, the future of wine trade doesn't feature too highly. the european wine is crippled by the possibility that its relationship with modern europe is about to change dramatically. this winery received no new orders for the last week as greek banks stayed closed and owners don't know what currency they will be using next week to run the business. the euro are a much weaker drakma. it could be huge for a business that relies on european supplies. >> paper for our labels. paper for our cartons, is all imported. >> as well as machinery, spare parts, filter paper, and it all comes from greece and could significantly be more expensive if this country runs out of peeropeer euros. these grapes are still a few months to harvest. they will be turned it wine and enjoyed well after greece set its cours

come to as a nation that you can get pulled over for a broken tail light but if you wreck the nation's economy you're untouchable? main street struggles. main street struggles while wall street soars, and this is not the american dream. this is not how our economy is supposed to work. and this is not how our country is supposed to work. we can do better. we must return to our true selves. our economy isn't money. our economy is people. all of our people. a stronger middle class is not the consequence of economic growth. a stronger middle class is the cause of economic growth. [applause] therefore, we must take actions that actually lift incomes and wages again for all americans. can we all agree that no american family who works hard and plays by the rules should have to raise their children in poverty? so let's take action to raise the minimum wage to $15 an hour wherever and however we can. let us return to the economic justice of paying overtime pay for overtime work and expanding social security. and let's make it easier and not harder for any worker to join a labor union and collectively

ann and george say taste changed with the national economy. >> medium priced wines have suffered and people are moving to cheaper wine. even bulk wine or bag and box. >> reporter: on the scale of human suffering, we have witnessed in greece in recent days trouble of local wine trade doesn't feature too highly but this ancient greeng greek industry in the development of european culture and civilization is now crippled by the possibility that its business relationship with modern europe is about to change dramatically dramatically. this winely received no new orders for the last week as greek banks stayed closed. and the owners don't know what currency they will run next week for the business the euro or much weaker drachma. the consequences could be huge for an industry that relies on european supplies. >> bottles are imported direct. paper for labels and cart ynons is all imported. >> as well as machinery, filter paper, yeast, all expecting to be more expensive if this country runs out of pureeuros. these grapes ripening in the sun are still months from harvest. they will be turned

then we need to reign in the out of control federal regulations that are like a blanket on the nation's economy let's get rid of the bureaucratic red tape. i call for a moratorium on new regulations. we can do the same in washington and then we can repeal all the other bad obama regulations, and get this economy going again. next we need to put in place an all of the above energy policy. we're going to use the abundance of what god has given us here in america and on this continent. that's right. we are an energy rich country, and we can literally start refueling our economic recovery. we need a president who on day one will approve the keystone pipeline. that's right. approve that pipeline and put in place a plan to level the playing field for all forms of energy and then we need people to get the education and the skills they need to succeed. we know if we can get people to do that they can find careers that pay beyond minimum wage. we provide more quality choices, quality choices for families because you see i trust families and i trust parents to make the right decision for their children.

. >> a change from nixon to ford is likely to give the nation's economy a psychological lift, but it'sng to take more than a new president to cure the economy. >> it was an extremely difficult time. ford inherited the deepest recession since the 1930s but he was spending 25% of his time on leftover nixon matters. >> ford is in a brand-new job, and he faces to pardon nixon or let the investigation run it's course. >> today was another one that historians will be writing about and thinking about for years to come. >> i, gerald r. ford, president of the united states, do grant a full, free and absolute pardon unto richard nixon for all offenses against the united states. >> you think president ford's actions were wrong? >> wrong, absolutely wrong. >> ford did the generous thing and i think the american people must forget about nixon. >> it raises as a political issue what is under the law except for presidents that get different treatment. >> a sitting president of the united states testifying before a congressional committee. >> the sub committee will inbound order. >> i had just been ou

roads are the backbone on which the national economy is built. nothing moves without roads until you get the railroad and steam boats on the river's everything is moving by road. if you are not connected to the road. everyone and everybody when the trades are established and one was upgraded to a turnpike in the 1830s everybody wanted to have access because it meant you were connected. you were part of the economy not only the regional to national economy. the merchant on main street and lexington couldn't have been selling tea without the road. there is a much greater appreciation for the role of the road in people's lives established homes and businesses and who are able to conduct business because of the road. again, the idea is to take infrastructure in the road for granted. >> for more information on book tv presented lexington and the other cities visited by the vehicles go to c-span.org. >> publisher adam and mark argued that america's intellectual habits are in decline. in audible conversations can we begin to? >> welcome everybody. may i

economy grew at the rate of 5.2%. now, just to compare that to the nation, last year the nation's economy grew at 2.2%. what does that mean? that means there's a lot more jobs and a lot more opportunity and so people are literally voting with their feet, leaving the countries with -- leaving the states where there are limited opportunities and coming to states like texas where there are more opportunities. but that means more congestion, more traffic and more challenges when it comes to our roadways and our rural freight routes. and it means challenges for our economy. many states, of course, would be delighted to have the problems we're having because frankly, people are moving away from many states, not too many states but i know the presiding officer's state of oklahoma is experiencing economic growth and job growth, too, because we share a common -- a common interest and sector of the economy the energy economy which the rest of the country would do well to learn from, the examples in oklahoma and texas as part of our economic success story. as others have mentioned one of the chief reasons this bi

federal regulations have an enormous, a giant impact on the health of our national economy to the tune of $1.88 trillion in 2014. federal regulation is a constantly growing entity. the code of federal regulations as we know is monstrous in size. costs and effect on our economy and job creators and bank accounts of hardworking americans. i have a real dedicated interest in tackling this issue of regulations because they affect our rights and the economy, and i'm willing to work with anyone on these issues. i have other ideas. i think we should know who these regulators are. who is writing these rules and regs. what's their background. we as members put our names on amendments and bills. we don't know the names of the people who are writing these regulations. the ideas i have also -- we do financial disclosure reports here in congress members do as well. as our senior staff. i think we should consider the impact this would have on those who do these regulations. making them do a financial disclosure report. these are some of the ideas. today my amendment is about making sure the science

. >> change from nixon to ford is likely to give the nation's economy a psychological lift. but it is going to take more than a new president to cure the economy. >> it was an extremely difficult time ford inherited the deepest recession since the 1930s. but he was spending 25% of his time on leftover nixon matters. >> ford is in a brand new job and faces this really consequential choice, pardon nixon and put watergate behind the country or let the investigation run its course. >> this year especially in the past few months and weeks filled with extraordinary days today is another one historians will be thinking about for years to come. >> i, gerald r. ford president of the united states do grant a full, free and absolute pardon unto richard nixon for all offenses against the united states. >> do you think president ford's action is wrong? >> wrong. absolutely wrong. >> ford did a generous thing. i think the american people must forget about nixon. >> good morning. we are about to see something which as far as we know may never have been seen before in american history. a si

cycle which is more dependent on getting new planes to meet demand than the overall rate of the national economy have to be extra vigilant to be sure what used to be automatic trades. it's what my old handbook "real money" doesn't look wo like that anymore. we have to be careful to buying tech companies with large exposure to europe. many do but their earnings might not have picked up quickly. all industrials will be challenged by the stronger dollar that comes as the fed raises rates as foreign governments and investors seek our bonds from capital safety and appreciation. so what will work besides the banks? companies that have the biggest year over year earnings revision chiefly u.s. industrial without a lot of over overseas business. high growth stocks that do well but can get a boost for a better economy and restaurants and retailers that have benefited from growth already and lower energy costs that meant so much to their bottom line. these gains will be in fits and starts and will be called into question for now on as the fed tightens. that's okay people get gloomier and more pessimistic.

causing impacts not just again to the regional economy but to the national economy. mr. speaker, one great example of that is gasoline prices. following hurricane katrina we watched gasoline prices spike 75 cents a gallon. let me be clear, not in louisiana. nationwide. 75 cents a gallon in the national average price increase as a result of those 2005 hurricanes on the gulf coast. 75 cents a gallon. as i recall, i believe that translate into $450 million in higher consumer payments per day as a result of the impact those storms had, the 2005 hurricanes hurricane katrina and hurricane rita, haden the gulf coast -- had on the gulf coast and had on really the nation. importantly mr. speaker, the deficit. much of the recovery that was funded by the federal government, in fact the majority of it was funded as a result -- funded by deficit spending. funded by deficit spending. this wasn't spending that was offset. this wasn't reserve dollars that the federal government had sitting there waiting for this unbelievable disaster. this was deficit spending and our children, our gran

then we need to rein in the out-of-control federal regulations that are like a blanket on the nation's economy, but let's get rid of the bureaucratic red tape. as governor i called for a moratorium on new regulations. we can do the same in washington. and then we can repeal all the other band obama other bad obama regulations to get this economy going again. next next we need to put in place an all the above energy policy that says we're going to use the abundance of what god has given us here in america and on this continent. that's right. we are an energy-rich country. and we can literally start refueling our economic recovery. we need a president who on day one will approve the keystone pipeline. that's right. approve that pipeline and put in place a plan to level the playing field for all the forms of energy. and then we need to help people get the education and the skills that they need to succeed. because we know if we do that we can help people find careers that pay far more than the minimum wage. here in wisconsin, we reform public education. and we provided more quality choices. quali

financial world was in crisis economy failing apart we had no choice, they did have a choice, this administration came in, barack obama talked about fundamental transformation of the nation attacking the biggest stoeshths of the economy, health care, energy, yes financial sector, this was all about remaking the financial sector as kevin points pouts basically absoa bi alize them a bigger view what this is all about, wasn't unless stop hemorrhaging in financial sector this was remaking the financial sector. >> real test will be when not if there is a sell-off if lack of liquidity case of this law. what happens when average individuals start try to sell bond funds, will there be liquidity there, and impact and maybe the downward spiral. >> we talked about this before keith, basically what we've said in a situation of distress or stress you have to sell something you sell what you can sell. >> yeah. maria: if you don't have liquidity fixed income you sell maybe equities, and that causes -- >> that is what is happening under the hood you are tying this back to the market well you are actually seeing people have sold what they can, not what they should there is a variety of p

indications that if you do prosecute, bring a criminal charge, it will have a negative impact on the national economyperhaps even the world economy. i think that is a function of the fact that some of these institutions have become too large. i'm not talking about hsbc. it is more of a general comment. it has an inhibiting impact on our ability to bring resolutions that i think would be more appropriate. well -- amy: well for more we , are joined by matt taibbi, award-winning journalist with rolling stone magazine, who writes about holder's time at covington and burling, and much more, in his book, "the divide -- american injustice in the age of the wealth gap" is now out in paperback. you were tweeting up a storm yesterday. talk about the significance of this. matt: this is the biggest example of the revolving door we have had. we have had some whoppers in the past. previously, the louisiana congressman leaving congress and taking a $2 million year job with pharma after he helped to pass the prescription drug benefit bill. what holder did blows that away spending six years guiding these wall street

speaker, over 90% of the american businesses are considered small and make up the backbone of our nation's economy. it is critical to note that the 7-a program is funded entirely by guarantee fees, paid by the program beneficiaries, not taxpayer dollars. increasing this loan limit will not increase our national debt or deficit, but it will mean that small businesses can get access to the credit they need to expand and create jobs in our communities. without s.b.a. loan options, millions of small businesses will have to resort to practices not in their best interests. i came to congress assuring my constituents that we would break this pattern of crisis and do our jobs. this shouldn't be a last-minute issue. let's be sure our small businesses have the resources they need to continue being the engine of our economy. i yield back. thank you. the speaker pro tempore: the gentleman yields back. the gentleman from ohio is recognized. mr. chabot: thank you, mr. speaker. we have no additional speakers, so if the gentlelady would like to close and yield back, we'll close. the speaker pro tempore: the gentl

founders set up a system of governance company included many constitutional protection for a great national economy under the rule of law. they want a society of commerce, trade commuters to come work entrepreneurship, and the despair of high government barriers to these activities. they had a noble purpose. they wanted all citizens including those in the old world wrap the bottom of the ladder, the poor the needy the oppressed, to rise in this new land of promise. it wasn't arrogance that made america the new land of promise. for danger there was a contradiction between this land of promise and the millions in bondage hear his human worth and natural rights were denied. as lincoln told us later, the founding generation could not find a way to freedom at the start, but they did boldly proclaimed that all human beings are entitled to their god-given rights. they had the foresight to lay down an open market economy under a limited government, and when the time of liberation came at last the opportunity to rise would be theirs as well. for generations there was enough opportunity for the poor and the

the deal opens up billions and billions of dollars for iran which could improve the nation's economyig way and the lives of millions of iranians. the associated press reports minutes after the announcement of the deal, people started texting each other good-bye and hello mcdonald's. that sounded like someone was punking me here but it's true. what are iran's leaders saying about the deal? >> iran's foreign minister and the lead negotiator in the deal says he believes this is a historic moment even as he acknowledged the agreement isn't perfect. iran's president took a shot at israel for failing to stop the negotiations. >> translator: the occupying zionist regime's useless attempts over the past 23 months have failed. >> president rowhani spoke after obama watching his live address on state tv. it was only the second time the u.s. president has ever been shown live in a broadcast there. if you remember last friday people were burning the u.s. flag and chanting down with america. today iran's president credited iran's people for their opposition which he says brought the other side to

joe: highly developed nations also thought there economies would stagnate or worsen.lix: i would not have thought this was the case. joe: it says something profound about human nature. maybe we need to get some perspective. alix: it has to do with government spending and quality of life improving. if he of his government will pump in more money for education and infrastructure and that makes a big difference. we are fighting about budget all the time in the u.s.. appreciate what we have and stop worrying so much about it. alix: the wall street journal is reporting the u.s. is appearing to release its [inaudible] release pushing for his in a few weeks. others say it could take a few months. arenistration officials banking that this may is tensions with israel. joe: square has filed for an initial public offering. it processes $30 billion in payments from its millions of merchant customers. it has been expanding into payroll processes and other services. alix: at&t has won permission to take over direct tv after promising to spread broadband's to more homes and business

and they bring these cadillac pension plans for myself and my friends at the expense of our nation's economy community -- >> understood. you don't want that. >> terry i want to get a response to you from a -- the california teachers association gave us, a statement saying when a union they can help make sure that our communities have jobs that support our family. first responders can push for critical equipment to protect us social workers can advocate effectively for children's safety, what do you think of that? >> these are inherently political issues. the union is negotiating with officials over the best use of tax dollars and the first amendment protects the right of individuals to not be forced to take one side or the other in a political dispute. many teachers agree with what the union is doing, that's fine. they can join the union and pay dues. some teachers many teachers have fundamental disagreements with the union and under the first amendment they can't be coerced by the state to pay for the representation that the union is giving them that, in fact they disagree with and don't wa

is it the economy or national security? and i tell people that is like asking me which wing on the airplane is the most important the one on the left or the right. folks, when i fly, i want both wings attached to the fuselage. but there is one other thing it needs other than the two wings. the plane needs a steering mechanism and have l rods flaps and a rutter or it can't be steered. wings without a steering mechanism still ends in a crash. america has to have a strong economy and a strong national defense. but there is something else america has to have. it has to have a strong moral foundation to steer this country without morality without a clear unapologetic commitment to the moral absolute of things being right or wrong. we don't have a steering mechanism and this country still crashes. and i'm running for president because i believe with all of my heart that it is not just about saying we must get the economy back in shape. yes, we do. and it is why i support the fair tax to end all of the tax on our work and savings

recognizing it is the foundation of nation's economy and the key to the nation's ability to compete in the global economy it's essential that we focus efforts to improve freight movement on the national highway system. incidentally if we don't pass this bill and if we go back to extensions that ain't going to happen. it can't happen. and i always have to pause to remind my conservative friends -- and i can say this because i've had the ranking of the most conservative member probably more than anybody else has -- that the constitution tells us what we're supposed to be doing here. we're doing things, a lot of things that the constitution never contemplated. but it says in article 1 section 8 we in the house and the senate are supposed to be defending america in roads and bridges and highways. that's what we're supposed to be doing. so i just say, i have to remind people of the conservative position in the constitution, that is to go ahead and do what we're trying to do with the drive act today. the drive act includes two new programs to help the states deliver projects and to promote t

come to as a nation that you can get pulled over for a broken taillight, but if you directly nation's economyyou are untouchable. main street struggles while wall street soars and this is not the american dream. this is not how our economy is supposed to work. this is not how our country is supposed to work. we can do better. we must return to our true selves. our economy is not money. our economy is people. all of our people. a stronger middle class is not the consequence of economic growth. a stronger middle class is because of economic growth. [applause] therefore, we must take actions that lift incomes and wages again for all americans. can we all agree that no american family that works hard and plays by the rules should have to raise their children in poverty? [applause] so, let's take action to raise the minimum wage to $15 an hour wherever and however we can. let us return to the economic justice of paying overtime pay for overtime work and expanding social security. [applause] and let's make it easier and not harder for any worker to join a labor union and collectively bargain for be

tomorrow and through the weekend and i think we will see some serious consequences on the basic national economyhanh's neck goals is reminding us that junger is meeting with the opposition party. >> i think we are in the middle of this. vonnie: i will be watching for initial jobless claims at 8:30 a.m. we had fed minutes yesterday and there was a more dovish sentiment. brendan: we will look at earnings coming up and thank you christopher grisanti. "bloomberg surveillance" continues on radio. " market makers" will take a look at subway next. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. erik: china rebalance today. another greek deadline. is it a real one? computer malfunction, you probably know about that right now. all of that as we play -- pay close attention. stephanie: economists carmen reinhart on greece and china from sun valley. and steve rattner. martin sorrell and tim armstrong. what is happened is almost listed -- almost the theme of a wall street movie. erik: take a moment and go on bloomberg.com and read this piece