but in many ways, procter & gamble is bigger in many ways. given day, 5 billion people on the planet use at least one procter & gamble product will stop that is five out of seven. as myron so nicely pointed out, during my tenure, we increased by 1 million and many of those people were in developing markets and were people we had not reached. reste are not going to until we get to everybody on the planet is our products improve people's lives will stop the reason i tell you that is because this is a good reason for why president obama decided to nominate me and why the senate confirmed me so quickly. at the v.a.,on is we have lots of customers. we have 9 million veterans in our health care system. about at theto be v.a. is improving customer service. that is at the center of everything we are doing on the road to veterans day and beyond. i'm going to talk about what we are doing. i think it is wonderful to be day which i am assuming is your last meeting before veterans day. kevin and i were talking that maybe we should do this every i could ev

bu finds warren buffett acquiring duracell batteries from procter & gamble. p & g bought it in 20005. buffett gets duracell and minimizes taxes by handing over $4.7 million shares berkshire still owns. they ended half percent higher. we have more on the buy out and what it means for berkshire and why procter a& gamble is lettin duracell go. >> if you heard him say it once you heard him say it a thousand times. warren buffett likes to invest in big consumer names like fruit of the lum, geico and hines. when he feels the price is right he will pounce. he said he has always been concerned as a consumer. he said it is a leading brand and will fit well in berkshire handling. berkshire hathaway. even if sales are down, analyst think there is still a charge to be had in batteries, especially in a deal where berkshire hathaway used procter and gamble stock. they are put $2 billion back into duracell before they take over. >> i think it is interesting on a number of levels. the least of which is the opportunity for berkshire to shed holding without capital gains tax.

warren buffett's berkshire hathaway is buying duracell from procter & gamble. the deal allows buffet to wind down his position in procter & gamble which he has been cutting for years. the transaction also fits with the strategy of narrowing focus for procter & gamble. steve ballmer has just made a significant gift to harvard university, his alma mater. the size was not disclosed, but it will allow harvard to hire 12 new professors in computer science. it is the school's fastest-growing major. he also got a tour of the new facilities harvard is building. taylor swift's management team is taking issue with spotify's comments that she would have made $6 million this year. he said the label received less than $500,000 in the last year from spotify. he said swift made more from streaming site vemo then spotify. the amazon web services conference is going on in las vegas right now, but there is even bigger news today. amazon and hachette have ended their standoff. exact terms were not disclosed, but they said it will allow the publisher to set prices with financial i

it is a true that the va is larger than procter & gamble in many ways. we have about 340,000 employees. our budget is over $155 billion, but in many ways procter & gamble is also bigger in a very important why. proctor and gamble on any given day, 5 billion people on the planet use at least one proctor and gamble product. that's five out of seven, and as myron so nicely pointed out, during my tenure at sco we increase by a billion and many of those people were in developing markets, people we hadn't reached the but we are not going to rest until he gets everybody on the planet. because our products improve people's lives. the reason i tell you this because i think this is a good reason for why president obama decided to nominate me and why the senate confirmed any so quickly, is the expectation is s that the va, we have lots of customers. my rent talked about that. we have 9 million veterans that are health care system but for a 22 million veterans in the united states. what we need to be abou at the r service. and that is at the center of everything we

i have been disappointed in procter & gamble.hey've been divesting brands for the past number of years, and duracell batteries is one of their big brands. >> yeah, and they're going to be -- sorry, keep on going. >> when you sell off parts of an automobile, you can make money, but in the end, you don't have an automobile anymore. and that's one thing that has concerned a number of people here in the cincinnati, ohio, area. we've been discussing this. the brands that p&g has sold off before such as folgers, jif, crisco, pringles, they're making money. they haven't gone away. and when i attended the shareholders meeting last month, i brought this matter up to chairman a.g.lafley and the board of directors. i have some concerns about p&g selling off their brands. >> mm-hmm. >> i certainly hope that this isn't going to be a fire sale or a break-up of the company. p&g, it's estimated that they may be selling off 100 brands, longtime, fine products. >> yeah, that's right. >> no, mandy, please, ladies first. >> i was going to say, just

procter & gamble is a company he knows very well.t sitting in his office in omaha and saying, come on, everyone is ries for use batter the rest of their lives. the same thing he said about bubblegum and coca-cola. this makes perfect sense for buffett to buy duracell. dollars ofions of liquid on hand. he has been looking for lots of acquisitions. while it is $6 billion, a drop in the bucket for buffett. >> ministers are looking for something to do with that cash. they have been prowling the same targets. >> buffett is still in the process of constructive acquisitions. >> he's against buying back shares or issuing dividends. when he has his capital, he wants to put it to work. >> one plays he is not putting his money is real estate. something you will be talking about on "in the loop." many are looking to sell come including matt damon. this is his home, which is for sale in miami. are you a bidder? >> the $20 million price tag? of course. apparently, miami is continuing to heat up. it -- making his first foray into miami this year on

procter & gamble is selling the duracell battery business to berkshire hathaway.re of this transaction, it could only be a warren buffett deal. 4.7 billion dollars in procter & gamble stock. he's been a procter & gamble investors since they bought gillette a few years ago. in return, he is getting duracell was $1.7 billion in cash stop effectively $3 billion and buffet ends up with duracell. and finance with batteries. right down simple, the middle. we will be back with more. ♪ >> live from bloomberg world headquarters in new york, this is "market makers" with erik shatzker and stephanie ruhle. >> welcome back. >> we've got a show to do. >> indeed we do. americans are in bad shape according to the institute of medicine. we live shorter lives and have poorer health impaired to other highly developed countries. poor health is at risk to business and members of the northeast business group are trying to protect against it. jeremy novell is the medical director of the northeast group and easier to explain why. people are out sick too many days and not getting any work

procter & gamble which makes the tide pods has more than 75% of the pod market share. other players are henckel which makes purex and sun products which makes the all brand. along with the increased sales came an alarming jump in the number of calls to poison control centers referencing the product. from 137 in march 2012 to more than a thousand in april 2013. a statement from the american cleaning institute points out changes to the packaging of these products. in some cases child safety lids have been added. clear plastic change to opaque and warning labels have improved. over the years children have sampled laundry detergent with no incident, but today's report suggests it's the highly concentrated detergent used specifically in the pods as well as materials use to encapsulate the soap that poses new dangers. for "nightly business report" sara ivins. >>> a smaller than expected loss where we begin tonight's market focus. the dairy company's top and bottom lines were set to forecasts. and price and cost cutting can help it churn out a profit in the current period. sh

procter & gamble, google, yahoo, intel, they create the jobs in this country. >> that means that you apply for jobs that you could have warned that automatically hurt the american people here. >> they are talking about how these people are somehow going to hurt american jobs. >> what about the american worker? it's going to hurt the american low-wage worker. >> i think that this plays into a strategy to divide and conquer >> heartless. >> you care about the strangers, you care about the victims. >> taxes have to go up, that is unfortunate. but when will these be considered austerities? well, the real austerity is when you hit them this way dead on with this. >> they come into our tax system and low income. and again, that being said, we are going to pay more for them because they were qualified for this. >> 6 million jobs have been created and now you have 5 million people coming in for this jobs. >> when you have policies like this that's part of it. >> is a defect go 11 million amnesty already. >> i think the signal is out. and even then, it doesn't guarantee. >> it's not fair to t

berkshire hathaway agreed to by the battery business from procter.was a smart tax move my buffet. they could save half $1 million -- half $1 billion in taxes thanks to the deal. and

argentina is suspending all procter & gamble operations in that country after accusing the products make of tax fraud, claiming they inflated the price of imports from brazil by $140 million. that's a pretty steep penalty to cease all operations. >> thank you, bertha. >> and on big island of hawaii, lava threatening the road of pohoa. we s geologists say the main flow is no longer advancing but they say a school that remains in the lava's path remains closed. >> a new day, a new week and maybe maybe a new forecast. >> i'm doing okay. an extra hour of sleep really helped. yesterday was a little buiit on the cool side. today we'll start out just about as cold. 71 degrees for the south bay today, 70 degrees on the peninsula. the east shore and san francisco both getting a taste of the upper 60s for this afternoon. because of that time change, we're going to get some really pretty sunrise shots to show you, as our sun will rise around 6:30 this morning. your sun will set now at 5:10 in the evening. temperatures looking really, really nice. we'll get a brief taste of the 80s in the south bay

thanks. >>> warren buffett snapping up duracell from procter and gamble.he battery business the right move? we are on the value of that. anything worth pursuing requires precision and attention to detail. it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way. as an employee owned firm we have the freedom and resources to create customized financial plans built to last, from generation to generation. we'll listen. we'll talk. we'll plan. baird. oooh! mattress discounters' $197 mattress sale! television announcer: get a serta mattress, any size, for just $197 each piece when you buy the complete set. the $197 mattress sale... bulldog: oh boy! television announcer: ...is on now. ♪ mattress discounters >>> check out shares of mallinkrodt's drug which is said to may not be as effective as a drug made by concerta. johnson & johnson up marginally up by 0.1%. >> warren buffett setting his sights on battery. berkshire hathaway acquiring duracell. announcing the deal, buffet said, "i've always been impressed by

warren buffett buying duracell from procter & gamble. $6.4 billion. p&g has been trying to streamline the company by selling off its various units. another deal to tell you about. hasbro and talks to buy dreamworks animation. that is according to people familiar with matter. a premium of 34% over yesterday's closing price. third-quarter earnings beat estimates at walmart. was to buy the increase in sales and its newest stores. adding more smaller format stores to boost revenue. overseas, another outbreak of widespread fighting in ukraine. nato says russian troops and tanks have been flowing into eastern ukraine. areu.s. and european union deciding whether to impose more sanctions on russia. here's the u.s. ambassador to the united nations. russia has negotiated a peace plan and then systematically undermined it and every step. they talk of peace, but keep fueling war. >> for more than two months, ukraine and the rebels agreed to a cease-fire. the controversial keystone pipeline. monthve an impact on next run-up election louisiana. they both want keyst

he's exchanging some of his 52 million shares of procter & gamble he owns and, hence, by doing that avoids a big capital gains tax deal by engineering the swap. once again, arguably one of the smartest investors of our time pulling off another one. >>> closing bell ringing in 52 minutes. is one wall street firm going through a bit of an identity crisis and now making a quick reversal after charlie gasparino caused quite a stir when he reported his story first on this company? now it seems the pendulum may have swung in the other direction. hippies, love-ins, relaxation, green juice switching now to red meat. charlie gasparino explains in just a minute. and built ford tough now flying high with the u.s. military. alcoa is on the move, and in a fox business exclusive we are going to show you alcoa's latest super high-tech project with lockheed martin, only right here. ♪ ♪ how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it'

of procter and gable and was at west pointe. >> i served with a lot of folks. i want to take care of them the best way i can. >>reporter:the v.a. says the goal is to have the re-organization complete within a year. reporting live from washington, karen travers, channel 6 "action news." >>> the department much veterann affairs are not doing enough. those that are submitting disability claims are still struggling because of the agency's lack of organization. >> whether you are here on the east coast or the western states for the veterans to wait 250 or higher number of days before their claims are processed. >> and senator casey says that he has support for both sides of the aisle to ease that backlog. >>> turning on the latest of confronting isis. they cannot confirm report that is a senior isis leader was seriously wounded in an airstrike despite comments from an iraqi intelligence official to the associated press. not specifically al-baghdadi. his whereabouts are unknown. they conducted 18 airstrikes inside of iraq. a suicide bomber dressed in a school uniform

past activists never wanted to get into the megacap, but they are going after it, working apple, procter & gamble, right? >> the thing that makes sense, of course, is you have to unlock shareholder value. walmart has been stuck in the mud for a long time, and spinning off sam's could make sense. what doesn't make sense is walton enterprises, founded company, owns 50% of the outstanding stock. it's hard to come in and do anything. you can go in, and they take your advice or not take it. basically, they tell anybody to take a walk if they want. >> here's the other thing, okay, it's not a particularly expensive stock, market multiple, not a lot of growth, decent dividend. >> you believe this could be true. >> what if it's an investment you believe in you think is a low risk investment, and then you maybe have potential to have a family see the light and say, he's, you guys own 50% of the thing, let's unlock this together and make money together. >> yeah, i mean, certainly, the way this would work is if he's in conversations with them and saying, okay, let's talk about how we can get more va

pry is procter & gamble selling? that is all part of the ceo's turnaround, spinoff or sell as many as 100 of its consumer brands. that's more than half of its portfolio. to focus on the winners. pampers diapers, tide detergent to name a few. duracell went on the chopping block and now buffett is swooping in in what will turn out to be a $3 billion purchase. a price that analysts say is fair and does have some tax benefits. but batteries have been in a slow and steady decline with the rise of smartphones and other new technologies. u.s. battery sales, for instance, down a little more than 3% so far this year. and just to give you a sense for procter & gamble has not been a strong source of growth over time, as strong as, say, pantene shampoo or pampers diapers, according to an analysis. so why does buffett want it? well, i've always been impressed by duracell, he says, as a consumer and as a long-term investor in p&g and gillette. that was in the press release and that's key because berkshire has owned p&g stock since

the companies include giants like pepsico, ikea, procter & gamble. they followed hundreds of billions of euros. many have no presence in the tiny duchy. with the help of pricewaterhousecoopers, the firms prevented their gas presented their own tax avoidance plans -- the firms presented their own tax avoidance plans. the schemes were uncovered in a six-month investigation by a team of 80 journalists reporters working with the international consortium of investigative journalists studying tens of thousands of pages of leaked documents. the luxembourg finance ministry insists the arrangements don't conflict with european law, but the eu is losing patience with the country's tax regime. investigators have begun investigating sweetheart deals. it puts the newly elected president of the european commission in an awkward position. jean-claude juncker was the president when many of the deals were done. >> there are efforts to boost growth in the euro zone. >> they have called on the bench to start buying government bonds to help struggling european economies

it would be right there vying for tenth place with procter & gamble actually. >> whoa. >> which is crazy. this condition, 80% of the ecommerce market in china. that's a $450 billion market growing at 40%. trades at 35 times earnings. so the thing is working so why would you get out of it? that's one thought. i know mike probably has some issues with valuation here. i'm going to say, as a lot of you just said, google has not performed well since september 19th. amazon has not. netflix has not. a lot of money has moved in. it's kind of a crowded trade. >> i am not concerned about valuation. this is trading 35 times. next 12-month earning with a top line growth rate of 50%. if that's real, phenomenal! my question is, you have a very funky ownership structure. that's the first thing that concerns me. secondly, china doesn't have the best possible record of protecting the interest of ownership outside of the chinese. that's just a fact. we've seen it with dan non, we've seen it with other companies that have invested there. that isseen it with other compa that have invested there. that is a b

it's worked in apple, in procter & gamble. >> one of the thing about this that does make sense of course is the idea that you do need to unlock shareholder value. walmart has been stuck in the mud and spinning off sam could make sense. what doesn't make a lot of sense to me, though, the fact that walton enterprises, the holding company of the walton family which founded this company owns 50% of the outstanding stock, so it would be hard for activist to come in and do anything. you can go in and they can either take your advice or not. basically they can tell anybody to take a walk if that's what they want. >> here is the other thing. it's not a particularly expensive stock. there is not a lot of growth. it has a decent dividend yield. >> this could be true? >> what if it's an investment you believe in that you sthi a low risk investment and then you maybe have the potential to kind of have this family see the light and say here, you guys own 50% of this thing, let's unlock this together and make money together. >> yeah, i mean certainly the way this would work is if he is in conversation

it's not in, but, yeah, where it would rank it, and right there vying for tenth place with procter &amble, actually. so -- >> wow. >> which is crazy. so here's the deal. this company, they have 80% of the e-commerce market in china. that's a $450 billion market that's growing at 40%. they have 50% ebitda. sound fantastic, right? the thing is working, so why would you get out of it? one thought. know what i mean? mike probably has issues with valuation here but i'm going to say. as a lot of you just said, google has not performed well since september 19th or ipo. amazon has not. netflix, hasn't. a lot of money moved into the stock. a crowded trade. >> i'm not concerned about valuation except extremely concerned about the stock. the reason i'm not concerned about valuation is, trading probably 35 times next month 12 month earnings top line growth rate 50%. if that's real, phenomenal. my question is -- you have a funky ownership structure. that's the first thing that concerns me. secondly, china doesn't have the best possible record of protecting the interests of ownership outside of th

and this includes using at least one procter & gamble product.at includes the 9 million in our health care system focusing on customer service. >> we are very critical and there's a lot of mismanagement has been going on and we have to and we are moving as aggressively and viciously as possible. this is the primary actions all over the rule are ruled by different ones and one of the things we have to look at is we have to make sure whatever happens is that we are successful. >> the appeal time includes the senior executive service employee has been reduced in half. and that includes all the rest of the va employees and the only change is the appeal time. so the ones that didn't grant any kind of power that would give me the ability to walk into a room and simply fire people, i wouldn't do that anyway. our constitution provides the due process and we are following this and as i said, the fbi is involved in many of these investigations and the department of justice and the inspector general and as all of that evidentiary material is created, it is

we have partnered with procter and gamble -- >> what does retail media mean?es through merchandising and then we have advertisers. what that means is, if we do a story for men, procter & gamble will have a hot towel she station in the store, but we might have a mixologist class. >> and the purpose is for what? >> [indiscernible] >> that is what everybody is here for. says let's sell more stuff for cheaper prices -- >> but even walmart is trying to create defense and excitement. giving people a reason to go to a store. >> the future of retail -- 12% of the people who come to our store -- yesterday i was in the store for 10 minutes. it was a limited. retail is about community and entertainment. >> are you saying dress barn does not entertain? >> [laughter] -- 'm going to tweak that tweet that. map our stores. .e use amazing technology we tell stories in different ways. they just opened a starbucks in the store. we look at it as experience per square foot. >> have you priced that? >> we have two revenue streams. we have a revenue stream for the corporate partner.

procter & gamble apparently working with goldman sacks to sell one of its units and a big one.oday the company is exploring the sale now of its wella hair care unit which could fetch $7 billion. this is the consumer products giant looks to streamline its portfolio. shares of p&g almost 2% higher at $90.58. twitter's co-founder has sold some of its company stock for the first time. according to a filing he divested more than 700,000 shares. that amounts to roughly more than $28 million. shares of the social media company up 1% today. they finished at $41.63. black friday sure isn't the day you want your website to crash, folks, especially if you're best buy. the electronics retailer's website did go down for more than an hour today as shoppers, flooded the internet looking for deals. company says it was caused by a concentrated spike in traffic. i guess that's in the category of good problems to share. shares at best buy up almost 2%. they finished at $39.50. coming up, the big stores may be packed this black friday but mom and pop shops are getting ready for their big day. smal

procter & gamble -- p&g shares -- >> berkshire had a large number of shares.re trading in for duracell. they'll get duracell and about $1.7 billion in cash at the closing. the shares that are currently held have a current value of about $4.7 billion. so i guess you have to do $4.7 billion in cash. >> that is something he'd like, isn't it? >> batteries? yeah. a business he could get his head around and understand. we're talking about warren buffett. there's a comment from him saying i've always been impressed by duracell as a consumer and as a long-term investor. >> so you remember gillette bought duracell, this is 1996. they bought duracell. at the time bought them for $7 billion in stock. >> wow. and that stock went up from there. >> went up from there. because then they were able to take gillette and sell that to procter & gamble. >> so the shares that were -- so that was a $7 billion trade? >> it was announced september 13th, 1996. >> so $4.7 billion in stock they're giving over for shares. but they get not only duracell but $1.7 billion in cash. down from

that's about three times the size of procter & gamble. the largest healthcare system in the world. health care is a very difficult business. it'sen in in the healthcare business before. not in the hospital area but in products. and people die in hospitals. it's unfortunate, but people die in hospitals, and adverse outcomes occasionally happen in hospitals, and it makes it a very tough business because, like sigma would tell you, you want zero defects, and when you couple the size with the potential for catastrophic outcomes, that makes it difficult. the one positive thing i would say is this is a lot different than what i had to do at procter and gamble because i'm doing it in english, and when you have to do it in japan, and you have to do it in japanese -- [speaking in foreign language] >> when you night english it's easier than trying to do it in different culture in a different language, but cultural change is the similar initiative. so that would be the way i would describe it. the -- one of the beauties at proctor and gamble we had 5 million consumers, and on any given day, 5

of procter & gamble, the world's largest consumer products company. he took over v.a. in july, after it was discovered that managers had kept phony waiting lists that showed vets getting medical appointments in 14 days when in reality, they had been kept waiting more than a year. if a thousand people need to go, give me a sense of what are some of the things that they did? >> well, we're simplistically talking about people who violated our values. >> pelley: and those values are what? >> integrity. it's advocacy. it's respect. it's excellence. these are the things that we try to do for our veterans. >> pelley: but bob mcdonald can't write 1,000 pink slips right now. he's discovering how different the capitol is from capitalism. to fire a government manager he has to put together a case and prove it to an administrative judge. >> scott, the reason this is-- the reason this is okay in some respects is that a lot-- >> pelley: a lot of people think it's not okay, that if people lied and put veterans second-- >> that's different. >> pelley: and themselves first they sthb cl

it's worked in procter & gamble. >> the thing about this that does make sense of course is the idea thatou do need to unlock some shareholder value. walmart has been stuck in the mud for a long time and spinning off sam's could make a lot of sense. what doesn't make a lost sense to me is that walton enterprises which is the holding company of the walton family which founded this company owns 50% of the outstanding stock. it would be very hard for an activist to come in and do anything. you can go in and they can either take your advice or not take it. basically, they can tell anybody to go take a walk if that's what they want. >> here's the other thing. it's not a particularly expensive stock. it trades at market multiple. there's not a lot of growth. it's got a pretty decent dividend yield. >> so you believe this could be ksh. >> think about it this way. what if it's an investment you believe in that you think is kind of a low-risk investment and then you maybe have the potential to have this family see the sxliet say here, you guys own 50% of this thing, let's unlock this together and

coca-cola and procter & gamble. >> agility these days is what it's all about.ital technology will make this more competitive. these companies -- >> you actually know more than a lot of our viewers understand. someone stop me in the hallway -- you have to talk about lambda. how do you describe it in layman's terms? >> is the ability for developers to not have to think about infrastructure. they can take a piece of code -- ine piece of data arrives the development -- it's revolutionary. they don't have to think about where their code sits or what service they have to use. >> like and if-then platform. if this happens, that outcome happens. everything gets recalculated. >> things can happen in the business application as well. if you upload them in a document or the internet of things device -- suddenly, you get one of those lambda functions. >> you guys have added over 200 features this year. >> over 400. >> amazing. how do you -- your kingmakers in that way. you could wipe out someone else's business. how do you communicate that with your partners? >> to us, it'

johnson and johnson and microsoft, nike and procter & gamble.bably have a piece of in your mutual fund or 401(k). the dow has had an intraday high. seven of the 20 dow stocks hit new highs. late-night host david letterman. he took a shot at anyone that may disagree with president obama. roll tape. >> it is a lonely gig being president. gas is under $3 a gallon. under $3 a gallon. [applause] unemployment under 6%. [applause] stock market breaking records every day. [applause] no wonder that guy is so unpopular. >> president obama does not have anything to do with all of the issues that mr. letterman listed there. gas is cheap because we are producing a lot more oil domestically through fracking. despite the president's policies and saudi arabia, they just cut prices as well. unemployment, yeah, it is lower. the jobs that are being created are mostly low-paying entry-level positions. it is the federal reserve fueling a rally with all the money they have been printing. mr. letterman, i think you got it wrong last night. look at those numbers. they

began at the west side wal-mart where the bears linemen went on a shopping spree buying cartloads of procter and gamble supplies. providing the ears supply of household goods for the city appeared homeless veterans. army veteran appreciate allen's gesture. >> it brings attention to the sacrifice. how much we all are a indebted. >> there is a pressing need for places like the homeless veterans housing facility >> friday of services to help them transition from homelessness back to everyday life. inner voice chicago helped fund the dispute facility and other buildings revets among other things. karen allen also announcing bears tickets for the veterans here. letting a a a big year running that the news despite the poor performance of the bidders. lots of fans unhappy with the way the team has been performing as of late. allen talked about the team's flagging performance. clearly he is disappointed. >> trying to get the season back on track. even after the historic low lost the bears will not be making any changes heading into the week. >> just to play better. no plans to bench him. he also say

i spent 28 years in washington working for procter & gamble. was part of a startup for a technology company betook public, for my degree was in chemical engineering. in business are focused on results, focused on pragmatic outcomes and moving this country forward. i think montana said it, we don't like the direction this country is headed. they don't like president obama's policies, they don't like ideologies. they want results. second was incompetence of our government. that was rejected last night, the american people want to see competent leadership in washington and moving legislation forward. as i serve in the house, 380 bills sitting on harry reid's desk, it is time to move the bills forward, cap, president obama's desk and i hope he decides to be more pragmatic and work with commerce to move the country forward. bill: we will see what he says when he comes out to make the first statement and friday will meet with the leaders. i wonder what will be first on your agenda. in montana keystone pipeline is a major issue as the pipeline would r