i was in charge of our nvironmental standards in alaska when i was the commissioner of natural resources, in the state, and i previously served in he bush administration under condoleezza rice as an assistant secretary of state in charge of economic, finance and energy issues, so i spent a lot of time in other parts of the world produce oil and gas, russia, saudi arabia, kazakhstan, brazil, i'll tell you this. fact.a there is no place on planet earth that has higher standards, higher standards of producing energy than alaska. and so my pitch has always been you want to protect the global environment and you know to continue need to produce energy, we should choose the place that has the highest standards. places like russia, in the arctic, they don't give a darn about their environment. we do. come up to the north slope, prudo bay and you see the high standards. also in terms of foreign policy, a lot of discussion right now on vladimir putin, him and the back on russian regime. i'm fully supportive in pushing but i ery way possible like to share this story that's quite interesting. senat

. >> on this item, the e nvironmental, the project description, i don't think was complete. the transit impacts did not discuss likelihood that the 21 haze will use this loop again at night for nonrevenue move. that will increase the number of conflicts. i may file yet another ceqa appeal on this. i think the staff report r eferred to the public hearing may 4, 2017. it was may 4, 2018. i heard mixed comments from the public some in support and some opposition. there was good discussion at that friday public hearing. i think that this proposal doesn't fundamentally address different route for tour buses or how bikes should get in and out of the park. it fails to acknowledge there used to be three entrances on fulton at sixth, eighth and tenth. only eighth avenue is left what has been three access points now reduced to one for cars. which, of course, leads to more use of eighth avenue to get in and out. that's the only way in that a rea. i think sixth and fulton should be the main access points for bikes and pedestrians can be eighth can be the main access point for cars. the

. >> one thing is it appears they will sign a deal and there is .nvironmental issues >> the stocks areout 38%, down about 78%. that could be a real risk to the company. they are doing a lot of things to turnaround in terms of strengthening the balance sheet and reducing the cost of the debt and they are focusing on delivering profitable proper output and it will be interesting to see whether or not that happens but that is certainly a positive. saying, considering the individual pallets, , they are taking a beating in that has to be the overhang here. >> that is definitely a big macro overhang. just to put the commodities slide into context, we can see a chart using the gt the function. pup -- ait was just a couple of days. now it is the worst since 2015. there was a big commodity stocks selloff in 2011. >> thanks so much. the market code is -- market closes next. this is bloomberg. ♪ julie: "what'd you miss?" stock selloff in commodities tumble across the board. i'm julie hyman. scarlet: on scarlet fu. joe: i'm joe weisenthal. welcome to the closing bell coverage. we begin with market