we get attacked by an adversary with the resources and capabilities of a nation like china or russia or iran it is not a fair fight. the u.s. government has an obligation to help the private sector by sharing this threat about potential attacks before they might happen. hoping that this hearing can help focus members attention on this issue and the need to pass cyber threat information sharing legislation before the end of 2014. for a damagingy cyber attack against our critical infrastructure. if the senate does not act quickly, both houses of congress will have to start from scratch, moving new bills. this could mean an unnecessary and dangerous delay when we are so close to an agreement that protects privacy and our economy and our national security. admiral, thank you for being here. we will turn it over to the ranking member. >> thank you for having this hearing to let the american people know how serious this cyber threat is. thank you, admiral rodgers, for appearing before us today. you have a tremendous job. i know that you have been in six , and weow, seven months are ready to work w

of thousands of companies trying to share malicious source code that they've originated in russia or china or iran or north korea, or some international organized crime element. i just want to make sure we have the full and open discussion about what that looks like and why there are concerns about limiting the number of companies that participate. it has more vulnerabilities to the whole system. i just wanted to make sure we made that clear and was on record to admiral kime your saved by the bell. the clock shows is your but again i want to thank you for your service to the country. thinks are stepping in at a difficult time. thanks for improving the brow of the nsa folks and hope you will take back as a committee to in a bipartisan way is pretty does oversight. i think you've seen that already. that we have the utmost respect for the work that the doing and thanks for their patriotism and staying on mission, despite what they might read in the newspaper. so thank you, sir, thanks to the men and women of the national security agency. >> thank you, sir. [inaudible conversations] >> i say to my goo

advanced by having a credible independent news organization that has global influence, whereas russia, with rt, or iran with press tv, these are government-funded english language international broadcasters. use these platforms to engage in crude propaganda. and, frankly, this is a real challenge for those of white house defend journalists and those who defend freedom of expression, because we're really right up against the line here. we make a point of not making judgments about the quality because if you defend freedom of expression, you defend freedom of expression you defend the good and the bad, but particularfully russia some, some of these immediateow organizations are engaging in propaganda and pushing up against the line of what i consider to be incitement to violence which is outside the freedom of expression framework. >> hi. i have a somewhat related question. more general about your mission and mandate to protect journalists in this disrupted age. what is your definition of a journalist? >> well, that's -- luckily i came prepared for that question. i get it a lot. one of the things we have

as well as russia or china. whereas iran you know, has a fear, i think an ex- existential fear that people are trying to overthrow the regime. the idea of a potential nuclear weapon even if it's an ambiguous one i like to think the strategic ambiguity iran is pursuing that where it doesn't get the arsenal but may have one. it does deter an invasion from the u.s. or other military attacks, look at lib yeah, it learns a lesson, via north korea and it has pushed iran down the path as far as it's gone. >> over the years second lahr and clerical leaders in iran have reassured the rest of the world that the country doesn't want a bomb . for a variety of reasons it find it a repugnant or distast distasteful weapon and then contradict itself shortly thereafter. where is the rest of the world supposed to put its faith in the idea that iran does want country or not? >> i ran has been very clear from the beginning that iran does not seek nuclear weapons. it does not see it, first of all religiously it is in the iranian religious leader

doing their best to secure their networks, but if they get attacked by an adversary like china, russia or iran, it certainly isn't a fair fight. the u.s. government has an obligation to help the private sector by sharing this threat information about potential attacks before they happen. i'm glad we have the opportunity to talk to the american people today about this vital issue. i'm hoping this hearing can focus members' attention on the need to pass legislation before the end of 2014. we must be ready for a damaging cyber attack against our critical infrastructure. if the senate does not act swiftly, both houses of congress will have to start from scratch next year moving new bills. given the cyber threats we face, this could be an unnecessary and dangerous delay when we are so close to an agreement that protects privacy and our economy and our national security. again, admiral, thank you for being here, and i want to now turn it over to the ranking member for any remarks he'd like to make. >> first, mr. chairman, thank you for having this open hearing. it's important we let the american peo

multitudes of thousands of companies trying to share malicious source code they have originated in russia or china or iran or north korea or some international organized crime element. it is want to make sure we have that full discussion about what that looks like and why there are concerns about limiting the number of companies that could participate. just as more vulnerability to the system. i wanted to make sure we made that clear and it was on the record. you were saved by the bell. the clock shows zero but i want to thank you for your service to the country. thanks for stepping in at a difficult time and thanks for recruiting the morale of the nsa folks and i hope in a bipartisan way it does tough oversight. we have the utmost respect for the work they're doing and thanks for your patriotism and staying on mission despite what they might read in the newspaper so thank you sir and thank you to the men and women of the national security agency. [inaudible conversations] [inaudible conversations] >> i was born and raised in new orleans. i'm the second youngest u.s. attorney right now in our country and

>> countries like iran, venezuela or russia, the government revenues depend quite a lot on oil exports, and iran is more than half of government revenues come from oil. every year in their budget, their pencil in a price for oil based on which they make all their calculations of how much they predict they will earn and how much they shall spend. this fiscal year for iran, for example, that price is $100 per barrel. now, every dollar below $100 means at the end of the year, they will be facing a major budget deficit. >> so these countries are literally seeing their budget go up and down with that price of oil daily. >> absolutely. absolutely. anything they sell more than 100 will go to a severance fund which they can invest, but when it comes down lower than say for this year for iran, lower than $100 a barrel, that means they will end up having trouble meeting their targets. >> lots of speculation, as there always is, about the reasons behind countries acting or not acting as they are. and the saudi arabia not restricting its oil production. there's theories that this is encouraged by

controversy with donetsk and the ukraine, where we make some agreement with russia and something similar comes up, or with iran, and pretend that remember that russia once invaded the northern part of iran. and all over the world there can be similar kinds of problems where it's debatable what the words of the passport actually mean or how they will be taken by others and what others will think they mean. now, how do we, who know little about it, determine, when it gets into the realm, that we should stay out of it and let the president and the constitution gives him that power or should some think we should always intervene, perhaps some never. what in your mind is the right standard? how do we decide? >> i do think this court, the last time the case was here, said that ultimately it was up to the court to judge the constitutionality of the statute. of course, we accept that. but in doing so, we believe it is quite important that the executive branch get deference on judgments of precisely the kind that your honor has identified. this statute is a very rare passport statute. there really isn't any other passp

. >> the choice is trusting iran or russia, is that it? >> that's pretty much it. and again the russians i think would see benefit in this john by the fact they gain influence. this is something putin has been wanting to have in the region. this is not necessarily a bad thing. i think the russians could play a very constructive role here and actually allow for the peaceful development of the nuclear material for the iranians. same way neither one kind of controls it. this could be the best third option if the russians aren't willing to do it. >> tony thank you very much. >> thank you. >> now to the bald over immigration reform. a fired up president obama took his message on the road today giving an impassioned speech in las vegas. he also signed that executive action shielding up to 5 million people from deportation. republicans say they're ready to fight. senior washington correspondent mike viqueria is at the white house tonight with more. mike. >> john the event this afternoon in las vegas had all the markings of a campaign event a pr push the president using th

similar controversy with done netsing and t -- donetsk and the ukraine, similar with russia and something comes up or iran and that russia once invaded the northern part of iran and all over the world, there can be similar kinds of problems, where it's debatable what the words of a passport actually mean or how they will be taken by others and what others will think they mean. now, how do we who know little about it determine when it gets into the realm that we should stay out of it and let the president and constitution gives him that power or should some think we should always intervene, perhaps some never, what in your mind is the right standard? how do we decide? >> the court the last time the case was here ultimately it was up to the court to judge the constitutionality of the statute, we accept that. but in doing so, we believe it is quite important that the executive branch get deference on judgments precisely the kind that europe has identified and this statute is a very rare passport statute, really suspect any passport statute like this one that purports to interject an issue of recognition poli

>> i do think it's worthless because the saudis, how much is the saudis making a statement to iran or russia to make them pay for what they have done in syria in their backing of assad. i don't know if that's true or not -- >> but there are two ways to look at it. saudi arabia is doing a favor by hurting russia in a way, or saudi arabia is not hurting us by hurting the shale revolution. >> i think what they have done in the past is to effectively battle for market share or squeeze out the higher cost producers. if they cut it again, that's a million and a half barrels a day less and it will support our u.s. fracking sin city tuti its. >> how does the extension of the deadline and the nuclear talks affect this outcome? >> that was actually supportive for prices because there was a sense that if a deal was struck and was looking good at times over the past couple of months here, that a lot more oil would be hitting the market. that opec and the saudis would have to accommodate the oil. now they stand there in the sanctions regime long er. >> i will be the grinch of gas leap because in septembe

iran to cut a deal, more pressure on russia to support the u.s. packed? >> i think it certainly envying it for us the highest cost producers of oil happen to be or include iranand russia, but that doesn't give us ultimate leverage in these negotiations. iranpposedly, saudi and are pre-opec meetings on thursday, are talking about some form of supply reduction. >> will they, won't they? i think forecasters are split 50/50? as mr. cruz was talking about earlier in the news, immigration. this battle. once again, we try to battle immigration 2015. what is the urgency, hans humes, tried to make a change in immigration? >> i think the urgency around the most recent developments with obama trying to pen down republicans maybe to incite a bit of a primary split, and spit out a more conservative candidate for the toy 16 elections. i was a little surprised you did this, because i thought he might be more concerned about his legacy. >> tom doctoroff, as we talk about immigration, when you were in china, you must are a lot of conversation about how the u.s. needs to do more on immigration, especially these high skilled visas for tech jobs. what can of discussion is there

supreme leader in iran or from president obama on some majors issues of dispute including how many centrifuges iran could be left with, the fuel stock piles, which one would be sent to russia and the questions of sanctions. and all of these require decisions that nobody's been willing to make even though this negotiation has been going on for a year. >> how do you foresee us ever getting to an agreement? >> well i'm not sure that we ever will get to an entire agreement. i know that people on both sides hope they will but it's also possible that to the united states this could be a manageable issue if you keep rolling it forward, to some degree. as the iranians that's not completely the case because it's their oil that is being kept off the market and they want to have the normal banking relationships and the normal relationship with the west. i think that's the reason that president obama's team is calculating the time is probably on their side. but that could back fire as well if people in iran begin to pick up a narrative that in the end the united states won't take yes for an answer or won't even take a partial yes for an answer. >> the west's concern here obviously is

this will inflict a lot of pain on russia and also iran. they need $100 or with oil prices. saudi arabia came up with this strategy, i caught the oil minister as we went out and he seemed pleased with today's result. >> there's no production cut. >> no cut? >> i told you before, there's no cuts. >> so they stuck with this idea that you don't need to cut? just let the market determine the price? >> that's right. >> okay. >> as you predicted? >> we're not sure, brianna, who's going to have the last laugh. the saudi minister seems to be pleased he carried the day if you will. let's not forget the gulf producers of the middle east have $2.5 trillion in the bank right now they can afford to put the pressure on the u.s. shale pros deucers, russia and iran as well. >> john in vienna, thank you. >>> a freak accident during a match in sydney tuesday, a cricket match, has claimed the life of australian cricket star phil house. hughs was batting when the ball bounced, hit him in the neck behind his left ear creating severe bleeding on his brain. doctors induced a coma,

i am sure that the russia, and we have seen what happened with the russian ruble and iran is not able to subsidize the programs. >> and they need oil to be at $100 ordollars a barrel. >> and yes, russia needs more than $100 a barrel and iran more. and the consequence is that the people of russia and the people of iran will suffer as a kwons kwens -- as a consequence of the opec meeting coming up thursday, so the reality is that we are short of oil in the world over the next several years as the global growth exceed oil production, and so we need all of the production that we can have and all of the infrastructure that we can build to make sure that the u.s. is taken care of. >> and daniel, are we rushing things too much? i look at the new york times about the story of north dakota and there is not a lot of regulating going on and when the lead regulatory commission in north dakota points out that they are run by elected officials including the governor, that just screams potential conflict of interests. >> and in fact, the oil and the gas industry is highly regulated, but what happened in north dakota has gone from this nowhere to the second larges

multitude of thousands of companies trying to share the source code that may have originated in russia or china or iran or north korea or some international organized crime. i just want to make sure we have the full and open discussion about what that looks like and why there are concerns about limiting the number that could participate. it just adds more vulnerability to the whole system. i just want to make sure they made that clear we made that clear and that it's on the record. admirable, you are off the belt. thanks for stepping in a difficult time and improving the morale and i hope that you will take back as a committee that in a bipartisan way does pretty tough oversight i think that you have seen it already. >> we have the most respect for the work they are doing and thanks for their petri into some despite what the they might read in the newspapers or think you to the men and women of the security agency. >> [inaudible conversations] on the nuclear program. as the deadline passed for the negotiations yesterday the group agreed to extend the deadline for another seven months. it will be starti

it's strange that we're talking about moscow now, but is russia an ally or enemy when it comes to iran? >> russia has been helpful if the p5 plus one. the timing is interesting and presents questions. earlier this month, we heard reports that there might abbreak through whereby iran would be willing to ship out large amounts of its low enriched stockpile to russia, perhaps. whether this coordination here where that these new set of reactors would be fueled by iranian fuel that would be out of country, that's one hypothesis. another is that russia is simply letting iran know what the world could be like if they coordinate close to the p5 plus one. it's interesting timing, presents a lot of questions. i think thus far, the p5 plus one has been pretty coordinated. >> i want to you listen to what former ambassador bill richardson had to say concerning this issue. take a listen. >> i'm concerned about this deal with iran. i supported the administration through thick and thin but i want this to be a verifiable deal and i'm worried about the little intrigues going on, about iran's intentions,

don't believe at the end of the day that would really risk a strategy of trying to stick it to iran or russiaey had domestic concerns. >> it is not just outside of the reporters committee is also potentially within their borders. we're not just talking about external defense budget, but a domestic defense budget, right? what is the oil price where it is right now due to them domestically? >> one thing about king abdullah, his been very concerned about keeping the population happy. so he does spend on education and health, significantly, he does not want his people in the streets. it becomes the question of, do you have to go into the red? at youth up looking unemployment. this long-term problem from the arab spring is a huge problem for saudi arabia. >> for the entire middle east. saudi arabia, at least they have cash. >> helima croft, help marshall sonenshine. you have an outlier call of higher oil prices? >> ultimately, i think the middle east provides significant floor for oil prices. i am a higher end of the spectrum. >> can you and rbc capital markets go long on oil given the technical c

. >> do we worry about russia or china breaking the sanctions because they have greater interest in not having the sanctions imposed on iran? >> we have to be worried about russia simply because they're doing their damndest. this is a country that's effectively sending bombers into the gulf of mexico for reconnaissance, and it's a country that's prepared to break sanctions just to no annoy the united states, to show obama that they can. if the iran deal falls apart, i don't think that the chinese want to actively antagonize, and on the other hand, they think they can make a deal. and the u.s. doesn't want to fight. and they might start to erode. especially if the russians are taking most of the flack out in front. >> let me ask you this, we don't need iran that much. but however, we need iraq to be a real country, and iran is probably the most influential player in iraq being a real country, so in the battle against isil and getting iraq stable, do we need iran more for that than we do for anything else? >> it's an open question. the united states clearly feels as if it has nobody to work with on the ground except for the

russia and iran. whether that will stay long term or whether they will respond to these lower oil prices isn't clear. need high oil prices to balance their budgets. by bringing count price of oil it does hurt iran russia. iran -- iran and russia. ed: lawmakers on capitol hill are away for the holidays. a firestorm continues to grow over the president's executive actions on immigration. heather: a thanksgiving travel nightmare. many folks still trying to get home at this hour after a massive storm. the latest forecast coming up. t. then i'll use a bunch of them. what are you doing? dish issues? ... ... get cascade complete. one pac cleans better than six pacs of the bargain brand combined. cascade. now that's clean. get fast-acting, long-lasting relief from heartburn with it neutralizes stomach acid and is the only product that forms a protective barrier that helps keep stomach acid in the stomach where it belongs. for fast-acting, long-lasting relief. try gaviscon®. ed: president obama extending a wide array of federal benefits to illegal immigrants. happy thanksgiving. heather: glad to be with you o

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iran is not able to subsidize many of its programs. >> they need oil to be at $100 or more a barrel for them to balance the budget? >> the estimates are russiauence of that is the people of russia, the people of iran will suffer as a consequence of the low oil prize. that's why the panic feeling within the opec meeting coming up thursday. the reality,we bill be short of oil in the world over next several years. global growth exceeds oil production. we need all the production we can have. we need all the infrastructure we can build to make sure the united states is taken care of. >> are we rushing things too much? i look at the story this morning about north dakota and there's not a lot of regulating going on. when the lead regulate tory commission in north dakota, as "the new york times" pointed are, are run by elected officials, including the governor, that just screams potential conflict of interest. >> in fact, the oil and gas industry is pretty highly regulated, which happened in north dakota, it has gone from nowhere to be the second largest oil producing state in the country. under the three elected officials are 12 departments that do

so saudi arabia, they have no problem seeing iran take a hit or russia take a hit here in terms of prices. this ultimately has to do with what they want to see happen in the middle east and this is not for them, this is about isis, this is about come nabs in the region. this is about taking on the assad regime. it's not a bad thing for saudi arabia. >> i think the bigger front lines of how this pans out is emerging markets. someone in the central bank needs to step outside of that. no one is perturbed right now. >> we're going to leave it there. hadley gamble, that you can for your time. wilfred, with you, now a look at the markets. >> let's have a look at european markets as seema says. we're on track for a third week of gains. all three indices in the u.s. is not the same here in europe. we had two weak days, two strong days and we're basically flat overall for the week. if things stay like this as they are, we'll be slightly up for the week. up 0.7% so far, but nothing significant. let's look at the individual markets. that strength or relative strength is being -- is relative across t

iran. are there any differences in recent weeks or months with china, russia, germany, great britain, and francemy conversations with russian diplomats, they have stressed that we are very much a part on this coalition. with anyot want a deal more concessions than the u.s. is willing to offer. the hardest-line coalition appears to be france. reacty in which they will to whatever is negotiated, that is most concerning. plus israel. saudi arabia has decided if a deal is made, are we going to insist on nuclear programs for the rest of us? that is a big proliferation. then you are heading towards a region where everybody has a bomb making program. they said they are going to do that. do they mean it? that is more dangerous. he has set himself absolutely against this deal and said over and over again that it is dangerous. what is he going to do about it? there is always the risk that israel might decide that this deal has been negotiated and leaves israel more insecure and takes some kind of military or unconventional actions. , there are so many branches in the road that people will need to think ab

countries are the greatest threat to world peace, people in they part of the world don't si iran and china and russia ornorth korea. they say the greatest threat to world peace are two countries two close allies of canada, the united states and israel, and so it may be true in some cases that sometimes what explains this disparate perspective in the world is that the part of the worldes propagandized, but sometimes what explains it is that we are. and i think it's critical to accept that fact and to confront it. nobody likes to think of themselves as living in a society that is propagandized. i think some of the most vivid examples demonstrate can how this works that is a seemingly narrow one but to me very powerful, is one that happened in 2009 in 2009, this woman who is an iranian american journalist name roxanna was detained while in iran, doing journalism work, and the iranian government say they had detained her and arrested her because they suspect she was a spy, and she was imprisoned in an iranian prison for three months, until an iranian court ordinary orderer her released on the ground there w

russia and something similar comes up. or with the iranian and pretend that come remember that russia once invaded the northern part of iran. and all over the world there can be similar kinds of problems where it's debatable what the words of the passport actually mean or how they will be taken by others and what others will think they mean. now, and how do we, who know little about it, determine when it gets into the realm that we should stay out of it and let the president and the constitution gives him the power or something we should always intervene, perhaps some never. what in your mind is the right standard? how do we decide? >> i do think this court, the last time the case was your, said that ultimately it was up to the court to judge the cost is not that the statute. we accept that in doing so we believe it's quite important executive branch get deference on judgments of precisely the kind that your honor has again put the this statute is a very robust for statute. there really isn't any of passports dutch like this one that purports to interject initial recognition policy into the continent passports. >> general

russia? >> well, i think that the in iran that they nneed to have an independent capacity to produce fuel for the power reactors because they cannot rely on the russians or any other outside supplier, that is a really appealing narrative. so i do not see this deal with as undercutting iran's argument that it needs to an industrial e scale enrichment to provide fuel. of course, such a capacity would also give them a very star nuclear weapons option -- either corporate or overt. >> and they want their cake and eat it, too. they want to agree that russia can provide fuel for new reactors, but they also want at capability in place about to operate -- in case, you know, the russians renege. want the capability anyway, as well as the russian commitment to provide fuel. >> yes, in the back. >> thank you. i'm a visiting fellow here. question concerning the potential numbers he presented in his initial presentation. i was wondering if you could tell you more about what these pmd's really are. report from the iaea was pretty much details concerning the pre-2003 material. the us intelligence completely sharing the activity of overseas. going back to fundamental iss

russia, especially iran. i think it's a sign of desperation. as you know, whether it's in politics or business, when you negotiate, you have to come from a position of strength. what the iranians are saying. believe me, i know mohammed jarel, the chief minister, he served with me as iran's ambassador to the u.n. he's have shrewd, very charm, very able. what he sees in front of him is a weak america and a president probably traumatized by afghanistan and iraq who desperately wants a deal and is actually beseeching the iranians to cooperate, disregarding they're a terrorist rogue regime. and at the same time, iraq, which is eager to do business with iran. and i think what that bodes for the rest of the world is just sitting and watching how a bad deal is actually being finalized and it makes us very nervous. >> we had a report from the iaea that just says iran is not providing the information it was supposed to so far. you're just weeks away from that november 24th deadline. clearly, it look, as though iran is saying we're not going to play ball. if you want this greagreement, have to d

or extend. russia is a crucial component to all of this because potentially one of the options on the table is to send iran's enriched uranium so russian can turn it into energy rods to turn into l civilian nuclear needs. there would be a potential solution there. as you said we aren't being briefed. we don't know how far along they are on those proposals. they are one of many. >> they always try to manage our expectations. on the one hand they offer us a glimmer of hope, saying how positive things are going and then on the other hand, they say things like there are significant gaps between us. if indeed they don't reach this comprehensive settlement which is what the ultimate aim is what are their options? >> the option is an immediate extension of the talks over the next couple of days by themselves, day or two, few more hours, just to reach the framework deal which we understand is only option in town at this moment. a final comprehensive deal is we're told again repeatedly by many sources no longer doable in this time frame. or they may decide to extend this accession for another couple of months, perhap

so that in fact the issue of iran's program in fact the issu real in a verifiable way. and quite frankly whether it is france or russia or britain or china, that's why i believe the u.n. security council was -- to deal with this issue, because it was not in -- okay. >> thank you. >> i'm very happy to see you, i'm also a graduate, so i'm very happy to be here too. my question is considering something you said, the engagement to one issue will not lead to silence on another. i understand that you're talking about all the sanctions that are imposed on iran. does this mean that the terrorism sanctions and the human rights sanction also stay on the books? thank you. >> we have been very clear from the givening that human rights sanction us and terror sanctions are not related. so there's been discussions about nuclear-related sanctions have been discussed. and indeed, if we can come to this arrangement they will be suspended and ultimately lifted and it will make a substantial difference for iran. >> other questions? >> thank you so much, wendy, i know the focus is on the nuclear issue and it has to be so, and perhaps isle

a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. . . lou: a new red storm rising, china, russia, iran, emerging as a new alliance, aiming at surpassing u.s. superpower status and revealing president obama's pivot to asia to be nothing more than rhetoric. here to analyze the cold war that many believe has begun, fox news contributor judy miller, gordon chang, good to have you both with us. this is a marvel, that the president is now claiming he's done this great climate change deal with a country that's the other part of the deal that will do nothing. what's he doing? >> this is astounding. we have a very definite obligation, by 2025, we've got to reduce our missions by at least 26% off 2005 levels. the chinese don't have to do any, they might think of capping at 2030 but not a definite obligation, this is really a failure of american policy any, way you look at it. lou: judy? >> i don't think so, gordon. i think that getting the chinese to acknowledge there is a problem they're responsible for and making a deal for the first time ever is a little bit of problem, isn't it? >> not reall

if russia were to accept and play that roll, it would, in effect, mean that iran no longer had any need to store enriched uranium or to enrich uranium to any higher grade than it is currently doing. and that would alleviate many of the concerns that the p5 plus one powers have about irants ability to break out to produce a nuclear weapon if it so decided to do. russia potentially holds a key solution in its hands . >>> thank you very much, jonah hull covering those intention talks on iran. clearly, russia is a massive player in this whole event, the nuclear talks over iran but it's also under huge international pressure from over ukraine. president putin is denying it will be isolated over its backing separatists in the east of ukraine as well as for its annexation of the region of. russia's news agassi has been quoting him as saying, we understand the fatality of an iron curtain for us. we will not go down this path in any case and, and no one will build a wall around us... that is important. in falling oil prices, affecting one of its main exports, he says if the price of energy is lowered on purpose, this also h

iran and venezuela. russia is also hit, but mind you, russia has a lot of foreign currency reserves, so she can withstand two years orof low oil prices, but then it starts to fight too. >> what is opec preparing to do in opec is meeting later on in this month, and non-opec oil-producing countries? >> yes, it is meeting, and we will have to see. at this point, you know, the pressure, really, to -- to go down with production, yes, is there. but it's countered by a ro rock -- iraqi production is down, libya production is down. there is a lot of geopolitical angst. so nay may go down some, but probably not that much. >> and how far is the prospect of -- of america, the united states becoming energy self-sufficient? how far is that affecting the market? >> well, it is affecting the market, but mind you, where i'm always very skeptical, when people say the price will go down forever, the price will go up forever. now that the price is going down, a lot of producers are investing less, which with the conventional producers that has a long time lag, but the shale producers are markedly investing less because they have very s

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or be ruled by a small elite? we're coming right back. >>> america no longer the only superpower in the emerging axis of china and russia and perhaps of china and russia and perhaps iran check- one...two... one...two... everything looks good on our end! and... lights! [narrator] come alive with the forest. visit discovertheforest.org to find a forest near you. ♪like a night in a forest ♪like the mountains in springtime♪ ♪like a sleepy blue ocean ♪you fill up my senses ♪come fill me again ♪come let me love you ♪let me always be with you ♪come let me love you ♪come love me again . lou: a new red storm rising, china, russia, iran, emerging as a new alliance, aiming at surpassing u.s. superpower status, and revealing president obama's pivot to asia to be really nothing more than rhetoric. here to analyze the cold war that many believe has begun. pulitzer prize-winning columnist contributor judy miller. forbes contributor gord an chang, good to have you both with us. this is a -- a marvel that the president is now claiming that he's done this great climate change with the country, that's the other part of the deal that will do nothing. what is he doing? >> this really is j

iran, syria and the ukraine. of course, the u.s. has been spearheading tough sanctions against vladimir putin's regime in russia. i can't imagine those discussions were necessarily that friendly orovered any substantial ground. diplomats feel it is progress. >> any chance for a discussion is a good opportunity. david mckenzie live in beijing. thank you. >>> 38 minutes past the hour. time for an early start on your money. asian stocks higher. japan's benchmark is up 2%. european stocks are higher. we are on record watch in the united states. u.s. stock futures are higher. it would be another record day on wall street if this holds. dow up 40 points yesterday. s&p ending the day with the 39th record high close this year. that is a record. the nasdaq is the highest since 2000. blue chip stocks have never been this high before. >>> a lot of businesses are saying thank you to veterans with free stuff. you can get a free haircut and meal at golden corral or hooters. coffee at starbucks. pancakes at ihop or bob evans. plan your day accordingly. >> good for those companies. >>> breaking news this morning. the captain of the south korea ferry, a ferry that capsized and killed so many peo

or be ruled by a small elite? we're coming right back. >>> america no longer the only superpower in the emerging axis of china and russia and perhaps of china and russia and perhaps irancompeting on the w (receptionist) gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics. . lou: a new red storm rising, china, russia, iran, emerging as a new alliance, aiming at surpassing u.s. superpower status, and revealing president obama's pivot to asia to be really nothing more than rhetoric. here to analyze the cold war that many believe has begun. pulitzer prize-winning columnist contributor judy miller. forbes contributor gord an chang, good to have you both with us. this is a -- a marvel that the president is now claiming that he's done this great climate change with the country, that's the other part of th

or it breaks apart. in other words, we know russia and venezuela are going to do what they have to do, but i think the rest of these guys, iran in particular, is really going to be strong arming a lot of other members to make this cut bigger. >> josh? >> yeah. if i may, it's very helpful that oil has stopped crashing. it's up 5 of the last 7 days. the other thing that's important today the super star sector of the moment is retailers and consumer discretionary. look as cross the board from lowe's on down every one of the names is green during the week of thanksgiving. i think that goes well for what the consumer may do over the next couple weeks. the market will like it. >> this is the big ramp up this week. it all starts reit tail wise. the big boxes have done real well of late. their numbers have surprised a lot of people, whether it's a lowe's, costco, whether it's macy's, nordstrom, pick a number of names. target. >> even like every category. >> coach. >> i sold coach last week. i shouldn't have. look up another 3 and some odd percent today. >> we talked about that. you had a great call on those, but i still think you hav