seperatists in eastern ukraine.it is a war without any shots being fired.according to ukrainian president petrosiansecurity services are waging a cyberwar against the country,including attacks on its finance and defense ministries.a suspected hack also wiped out part of kiev's power grid,causing a blackout in part of the capital.our reporter visited the power station there, to understand howsuch an attack happened and what the country is doing to protectitself. ♪ >>at the electrical substationpivnitchna near kyiv one december weekend, olegzaitshenko was on duty. his computer monitors showednothing unusual. >>it was around midnight whenthe alarm sounded. the 330-kilovolt facilitysuddenly shut down. so did the 110-kilovoltfacility. but the system didn't report anyemergency. i didn't have time to be afraid.i had to act immediately. >>the systems all shut down.something had happened -- but what? >>i knew that wasn't normal.but i couldn't imagine that the whole station could have ablackout. >>first the lights flickered.then they went completely out in parts of kyiv, the capital ofukraine. the attack

they maintain they have limited options for generating revenue but some passengers believe petro is passing the fiscal pain to them. >> i think that the people who have to ride it will continue to ride it. they will have to figure out how to get the money to do that. >> now one concession to lower income passengers. the metro board will keep weekly bus pass at $17.50. reporting live, stephen tschida, abc7 news. horace: on a related note, virginia governor terry mcauliffe called on former transportation secretary ray lahood to lead independent he wants to take a good hard look at metro to see where it can be reformed to better serve residents and the economy. virginia is funding review and the results will be presented in november. michelle: developing now, rockville high school is under increased security amidst threats following the rape of a 14-year-old girl allegedly by two students who came to the u.s. illegally. callers threatened to burn the school and shoot illegals. as governor hogan and education secretary betsy devos visited bethesda today, they were met by protesters on both side

what had he set out to achieve as he left home that morning, armed and carrying things like petro inis backpack. that is something the investigation has yet to get to the bottom of. was he simply another of these men acting on the sort of sense of inspiration as they watch what unfolds, organizations like the islamic state group. was he working in coordination of anyone acting on instruction? that is the other key question that the on going relationship will seek to answer. >> operations there at the airport, any changes given what happen happened? the second question. this is a nation that is rocked by terror attacks. given what we saw, this second question to you is, what is the overall feeling and mood of people there throughout the nation? >> i think again the sense of shock, watching once again one of these men sort of go on the rampage. of course, he was the only person to die. it was not his intention. we know that just before he was killed, he shouted, i am here to die in the name of ala and there will be people killed. his intention was to cause much more death and destructi

he set out from home armed with this canister of petro in his backpack.n't know what his initial intention was. where would he have headed had he not been stopped by the policemen. that, for the time being, remains a mystery. >> melissa bell, live in paris, thank you for the reporting. >> ar stoi sto story in china. they have seen an incredible urbanization. derek van dam is here to tell us more. >> there are gee og grafrs that study this phenomenon. incredible. shanghai is the perfect example of what is taking place with this urban i zation. back in 1960, 16% of china's population lived in cities. 56%, 760 million, now living within the city centers. to put it in further perspective, the united states is at 318 million people. let's break it down for shanghai. this is a nasa satellite immanly image taken back in 1984. let's fast forward to 2016. you see the shading of gray that spreads west/northeast and south. that is urbanization. that's what we see the population growth so quickly. we saw over five times the square kilometers of this particular area g

the ceo of petro is ahead. trade energy stocks.irst, though, susan li has "futures now." >> crude is confined. jim, can crude rally in the face of a potential rate hike and stronger dollar? >> i think if you look at the two-month consolidation in crude you think that the story's boring. it's actually a clash of two fascinating fundamental stories. on one side you have the production cuts which are pepper we'd a notion that opec has to support prices. saudi has to support prices through the aramco deal. refiners are continually coming back online. from a technical standpoint i think that we usually break out of these ranges in the direction that we came in. so i'm looking for a trade of 55.25 and then i think we go higher. which is odd because longer term i think that they will cheat on production cuts but in the short and medium term probably higher. >> you mentioned ranges are port. scott, what are the key levels that we're watching for? >> that's right. jim is right. we're in a gentle upward channel. top is 54, 30,. up a little b

ukraine's president petro poroshenko linked to another mysterious murder of the journalist and the townlaw enforcement he said to disclose the murderers of paolo and denis voronenkov. and tens of thousands of people had to be evacuated from a ten-kilometer radius. russian officials called all of these allegations absurd. a speak of russian parliament saying ukraine is turning into what he calls a terrorist state, unable to protect its citizens. other russian lawmakers chiming in. while the dead bodies are still being inspect sd and not even the morgue yet, the head of the state makes such allegationsch russian-state terrorism. what does this tell us? is this a ready-made scenario, this politician said. ukrainian authorities say they're looking for the driver who possibly dropped the killer off at the scene of the murder. but even but investigation to the killing of denis voronenkov progresses, the case has become highly publicized and another lightning rod between the adversaries and ukraine. >> fred mriegts eflight pleitge russia. help us understand where the investigation is right now

ukrainian president petro signed an order today proposing sanctions on russian owned banked -- banks.test against russian support in the country. moving capital abroad, paying the second and second largest state-owned banks. global news 24 hours a day powered by more than 2600 journalists and analysts in over one hundred 20 countries. oliver: coming up, how carl icahn may benefit from his advice to president trump. that is next. on shares ofg eyes snap falling for the first time since beginning trading. those shares have come under quite a big -- quite a bit of as we approach the market close here. this is bloomberg. ♪ oliver: this is "bloomberg markets." >> we have an america first budget. it is in the details. $54 billion of additional defense spending. details on where that money is going. we see increases at the v.a., increases at the department of justice in law enforcement, things that include border security and immigration control. increases within the department of energy to deal with a nuclear triad and reductions and similar amounts offsetting dollar for dollar in other pro

exuberance on one side but at the same time just before opecanuary 1 cuts, countries and the other petroged production and experts ahead of january 1 in order to beat the deadline. we are seeing the fruits of that now. oliver: i see a similar situation in oil when i look at the stock market. after the election it was a game of expectations. there will be policy put through by the trump administration and investors made bets on that. oil since the similar situation when we start talking about production cuts. is this the move we are seeing a little bit lower with oil, some sir -- air coming out or a structural situation they start not investor sentiment not investor sentiment but actual production? eric: i think it is the air coming out. if we look at the data released by the ctc, extremely high levels of money manager on the net long side for oil. what we have seen in the last week with the selloff, a lot of that flushed out. back at more, one might say, reasonable levels. eric, as we mentioned earlier, an increase in u.s. stockpiles. we are entering spring and the weather will warm up.

heavy industrial contractor that provides manufacturing services and industrial specialties to the petro and chemical-related industries. it has been in business for more than 40 years. volks challenged osha in the d.c. circuit court of appeals for those citations and won. the circuit court of appeals issued by unanimous three-judge opinion rebuking osha's attempt to file citations passed the statute of limitations. one of the three judges was president obama's supreme court nominee, judge merrick garland. the volks ruling has since been upheld by the fifth circuit court of appeals. let me read a few of the comments from the court's opinion. we do not believe congress expressly established a statute of limitations only to implicit ly encourage the secretary to ignore it. another comment. the act clearly renders the citations untimely, and the secretary's arguments to the contrary relies upon an interpretation that is neither natural nor consistent with our precedence. and from judge garland's concurring opinion, because none of the challenge citations were issued within six months, quote

one result of the oil crisis which i'm sure those of you of you at a certain age remember, we had petro dollars. there was starting to be a lot of concern this could lead to financial instability. there was a concerted effort, which i discussed in the book, to harmonize financial regulation internationally so that there would be -- banks would not have an incentive to move money from one country to another. so that there would be less risk of a bank taking an apposite in dollars and then lending and out in the netherlands and the bank being squeezed because of exchange rates. there were serious meetings that are actually still going on to this day to try and harmonize international regulations to govern the banking sector to provide financial stability. those have been a failure. that is not too unkind. the experts spent years upon years and meetings upon meetings in the 1970's and 1980's trying to figure out how to stabilize the internationally by harmonizing regulations. i own feeling is that that effort actually ended up making the financial crisis that began in 2008 much worse. i th

exxon mobile announced yesterday it's spending $20 billion on refineries and petro chemical plants in and around the gulf of mexico aileen. i believe it's incumbent on us citizens and public officials to be vigilant about these companies doing business with the city and what to do about it. i will that the pipeline movement is a start of a long hard struggle, the outcome of which has enormous consequences -- >> thank you very much. mr. walker. welcome. >> thank you. good evening members of the board. as some of you know i have attended several meetings. i have a large lot of employees now, about 46, and i have been asked because we have meetings out in my office about the old yoshi's place on fill more and i told them after talking to some people about that building that the city wants to sell to people in the black community the building. it was my understanding it was $16 million and knowing that no black person in san francisco has $16 million to buy that building and they want a cultural center on fillmore on the 1300 block and i told them after talking some time that the old libr

exxon mobile announced yesterday it's spending $20 billion on refineries and petro chemical plants in and around the gulf of mexico aileen. i believe it's incumbent on us citizens and public officials to be vigilant about these companies doing business with the city and what to do about it. i will that the pipeline movement is a start of a long hard struggle, the outcome of which has enormous consequences -- >> thank you very much. mr. walker. welcome. >> thank you. good evening members of the board. as some of you know i have attended several meetings. i have a large lot of employees now, about 46, and i have been asked because we have meetings out in my office about the old yoshi's place on fill more and i told them after talking to some people about that building that the city wants to sell to people in the black community the building. it was my understanding it was $16 million and knowing that no black person in san francisco has $16 million to buy that building and they want a cultural center on fillmore on the 1300 block and i told them after talking some time that the old libr