is also raising the benefits of workers, raises wages, really it's all around beneficial to the texas economya thank you so much. >> thank you. >> now i want to bring in one of the students affected byment texas dream act. she testified at the state capitol hill yesterday. she joins me this morning. thank you for being here. >> thank you for having me. >> what's your message to the state lawmaker sns. >> what is it? sorry. >> what is your message to state lawmakers? >> that we are giving back to the state of texas. economically and socially. texas is our home. and so for us to having to fight for education here when we were living here for so long. you know it's very powerful that we as a student body we got together and do this. >> ana tell me about the stories of people like you. kids that are here in the united states and that have dreams to continue their studies. why is it so important to be able to have the in-state tuition applied to you? and why is it that you need that? >> so one of the reasons that i am here i never expected to go to college. so when that opportunity arised in high

without clearly defined regulatory roles for the ability to anchor the texas economy is in jeopardy. in texas bans in industry are a present day concern. the railroad commission, though is required by delegated authority to continue issuing oil and gas permits. over the years, though, oil and gas energy companies have extracted oil and gas deposits from deep underground. they have approached city boundaries and those instances success is found when the industry, the commission and local opportunities work together to implement sensible guidelines. this collaboration will disappear in communities where hydraulic fracturing is banned. businesses will be far less willing to risk their capital and as a result the cities will lose jobs, tax revenue and business development. the industry is the greatest contributor in texas and a prime driver in the vitality of the u.s. economy. in a world where misinformation and sensationalism too often drive the public discourse let's embrace the truth, adopt reasonable approaches to the challenges we face and share the prosperity that follows. thank you

last year and these were numbers at the end of last year the oil and gas industry put into the texas economy $15.7 billion. that that is both property tax, all kinds of taxes, but also payments to royalty and mineral interest owners. the industry created direct and indirect 2.2 million jobs in the state of taxes, and if we decide to been cracking and/or limit what we are going to do, that i do then i think that you we will find those jobs galway and not come back. >> thank you for that response. he mentioned the two studies cited by new york. your own study refuted their findings. you mentioned several times the bias involved in those studies and the coverage of the studies. what accounts for the bias? what drives the bias? vice? what is the motive? what can be done about that. -- about that? would you turn on your my care? >> that is an excellent question, mr. chairman. i cannot read into the minds of the researchers at duke of why they designed the study the way that they did. but, as i said in my testimony, it struck me when i 1st saw the paper the 1st one 2011, sampling appear to be done

. >> you're not afraid of the texas economy hitting a speed bump? >> not them.hey go under the radar. that's what i'm looking for in this economy, and, yes, i still think that earnings will be stronger. but i like these companies -- >> when you say you like a stock that the big time money managers don't like, is the psychology behind that they eventually will at a higher price. you buy it at x and they buy it at this level. what about buying something that the big boys don't want to buy. >> eventually they'll look for deep value. they'll look for opportunities like this. $120, but the stock price is $95. that's the kind of thing i look for. i know they'll -- >> i'm thinking they made you one of the richest people in the world. >> the thing about deep value though, you need a catalyst to unlock it. >> so maybe it might be a family sale -- >> just because it's cheap, doesn't mean it will stay cheap. >> just taking stock positions and saying we'll stay there until the family sells or until an activist comes in. >> that's what we do. we are our own catalyst. that ma

the industry is the greatest economic contributor in texas and a prime driver of the economy. in a world where misinformation and sensationalism too often drive the public discourse, let's embrace the truth and adopt reasonable approaches. thank you for having me this morning. rep. smith: thank you chairman craddick. dr. siegel. dr. siegel: mr. chairman. can you hear me? thank you. mr. chairman and members of the committee, thank you for inviting me here. i present testimony on whether hydraulic fracturing can, other than in a very rare local situation, degrade water quality found in shallow aquifers. i offer this testimony on my own behalf. criticism ranges from concerns over climate protection and concerns over lifestyle changes and economic inequities. one issue commonly raised is whether natural gas can contaminate drinking water aquifers. a concern highlighted by two scientific tapirs published by scientists at duke university and 2011 and 2012. researchers reported their results from sampling. 141 domestic water wells and northeastern pennsylvania and adjacent new york f

. >> when you read big macro think pieces about the death of the texas economy, what do you say?barrel of oil was going to destroy the hotel business didn't happen. $45, $50 a barrel of oil is going to destroy the hotel business i don't believe it's going to happen. plenty of demand generators for our business based where we're located and distributed. we'll very fee good. we have improving economy, outlook for travel international and domestic. international, where we have exposure mexico central south america, very positive. we see consumer confidence on the rise. demand is strong. we continue to see the ability to have octobercupantcy from you're a good advocate. why is there one brand? >> a single stand alone brand is a negative. what i said to franchise partners and vendors at our conference i challenge people when i hear that show me a metric, one location one place where that has a negative. i argue that it's a positive. we're singularly focused. we've grown against all of those competitors that are multiple tiered, have multiple brands we get 48% of members from loyalty p

you a little perspective of where texas is -- last year, the oil and gas industry put into the texas economy $15.7 billion. that's both property tax, all kinds of taxes, but also payments to mineral interest zoners. they created direct and indirect, two point million -- two million jobs in the state. i think those jobs will go away and not come back. rep. smith: thank you. doctor, you mentioned two studies that were cited by new york to justify their banding in fracking. euros study refuted their findings. you mentioned several times the bias involved in those studies in the coverage of the studies. what accounts for the bias? what drives the bias? what is the motive and what can be done? turn on your mic. dr. siegel: that is an excellent question. i can't read into the minds of the researchers of why they designed the study the way they did. but as i said in my testimony it struck me when i first saw the paper, the first in 2011, that the sampling appeared to be done in a way to highlight places where a few gas well problems had occurred. some have occurred, a few handfuls. it struck me --

the process so that lawmakers can figure out what impact the bill would have on their state's economy. texasrs introduced an amendment to the texas constitution and it would prohibit the government or any entity from imposing burdens on religious freedom. in georgia, lawmakers end the legislative session without voting on a bill. what is the effect as we look at this on a bigger scale, the events of the last week having on other states that would see fit to institute bills like were attempted in indiana and arkansas? >> the aeffect is similar to the one we saw last week in jan brew area er aegs decision to veto a measure. she was facing backlash and at the time there were dozens of similar bills pending and all stopped dead in their tracks. post hobby lobby we saw them come back with a vengeance but we've seen a similar pumping up of the brakes in at least four states, in michigan we heard governor rick snyder issue an unusual statement saying he would veto the religious restoration act that hasn't had a committee hearing yet. that's a pretty clear sign that that bill is not going to go very

the industry is the greatest economic contributor in texas and a prime driver of the economy.where misinformation and sensationalism too often drive the public discourse, let's embrace the truth and adopt reasonable approaches. thank you for having me this morning. rep. smith: thank you chairman craddick. dr. siegel. dr. siegel: mr. chairman. can you hear me? thank you. mr. chairman and members of the committee, thank you for inviting me here. i present testimony on whether hydraulic fracturing can, other than in a very rare local situation, degrade water quality found in shallow aquifers. i offer this testimony on my own behalf. criticism ranges from concerns over climate protection and concerns over lifestyle changes and economic inequities. one issue commonly raised is whether natural gas can contaminate drinking water aquifers. a concern highlighted by two scientific tapirs published by scientists at duke university and 2011 and 2012. researchers reported their results from sampling. 141 domestic water wells and northeastern pennsylvania and adjacent new york for methane a

i actually believe that one reason why texas has done better than the rest of the country in terms of its economy and jobs is in large part been because of trade. we led the nation in overall exports since 2002 in beef cotton, petro chemicals, machinery and high-tech electronics. in 2014 alone, texas manufacturers and farmers set new records of exports with nearly $290 billion worth of merchandise to buyers around the globe. so i believe that this trade promotion authority proposal that we'll mark up tomorrow is -- represents real progress. the challenge i think we have is if absent a trade promotion authority or so-called fast track authority we're left with negotiations on behalf of 535 individual members of congress which is just not feasible. what i worry about, and mr. donohue, you alluded to this, is if we don't engage with asia as -- on this trans-pacific partnership proposal, which we haven't seen by the way, mr. trumka -- i'm looking, waiting to see what the contents of it are because i don't believe -- i do believe that impact of trade does not fall uniformly and there are things we nee

economy. >> you're argue. is it's been growing and i have the been adding jobs through the new texas things and regulations. >>g to be a recession any day mentality will eventually be right. the bottom line is the economy has not been bad that many years -- >> you don't think the first quart are -- >> wait wait wait. >> too early to tell the oil and dollar effect and -- >> we already know the first quartert is slow. >> we know the oil effect. >> any of the houses say half a percent if we are lucky. >> if we have some lousy job numbers then yes we have a bigger problem. >> i don't know. >> snow cover in tahoe. >> charles? >> in the end, it's not a jobs issue. it's an income issue, and once again, there's no income in this report. >> i look what doug said. we have been in a wageless recovery and this has been an a -- anemic sorry recovery. >> somebody explain why the americans aren't feeling it. >> the jobs we got back were paying 30% less. >> doug? >> the reason we have had steady job growth is we have had zero productivity growth. so the economy gets bigger, have to hire people. but no one is getting a raise n

economies are in decline? answers in 2 minutes. >> monday on "techknow". >> we should not be having earthquakes in texas. >> the true cost of energy hits home. >> my yard is gone. >> are we destroying our way of life? >> contaminated water from the fracking activities come here. >> they stick it into the core of the earth. >> but this cutting-edge technology could be the answer. >> the further of fracking is about the water. >> protecting the planet saving lives. >> how do you convince a big oil company to use this? >> "techknow". monday, 6:30 eastern. only on al jazeera america. >> part of al jazeera america's >> special month long evironmental focus fragile planet >>> despite u.s. potential, china is boldly rewriting the rules of global finance by creating a development bank to rival the international monetary fund and the west bank. it is called the asian infrastructure investment bank. the aiib, you may hear it referred to as. china says 57 nations may be founding members. countries are signing up in the face of american opposition. including u.s. allies. china's goal is to raise $100 billion and provide financial support to i

texas intermediate down to $47.60. brent fell 12% for the month. >>> consumers are feeling more confident about the economy. the conference boards consumer confidence index beat estimates edging back to a 7.5 year high. one of the big reasons for the better mood is increasing optimism about the outlook and wage growth. economists say lower gas prices did play a role in that increased optimism. >>> home values are growing. that's the good news. the bad news for homeowners is that prices are rising at a far slower rate than a year ago. home prices increased 4.5% in the year end in january according to the s&p case shiler home price index but as home prices rise, that's leading to overheating in some markets but not all of that overheating is alike. diana olick explains. >> reporter: jennifer castillo and justin thornton are looking to buy their first home together in washington, d.c. so far, they haven't found it. what they have found is -- >> i would say sticker shots. >> reporter: tight supply in the d.c. market is leading to bidding wars. >> eight or nine offers, $100,000 over asking all cash offers from w

texas -- and i really ate texas, i got right to work on the constitution, texas energy like oklahoma's, maybe 7% of the economyificant come of the regulatory barriers the fact that has no corporate or individual income tax, those are very appealing. tom: what, are you running for office? governor keating: no that is the history of texas. someone told if you like texas so much, why don't you move there? tom: frank keating with us as we get ready to go to mark halperin in kentucky. olivia: a call for change -- this one wants to change his own party. a few hours now, republican senator ran all of kentucky will announce he is running for president. he is a favorite of libertarians and the tea party. he released a campaign video on youtube. senator paul: it is time for a new way, a new set of ideas, a new leader -- one you can trust, one who works for you, and above all, this time, it is time for a new president. [cheers and applause] olivia: paul plans to focus on young voters and the internet. he will answer questions -- where else -- on facebook. chicago voters articles write now deciding whether or not mayor ra

texas. i was asked if everyone is selling their house in dallas. i think the energy business in dallas is less than 5% of the total economy. factor. the banks are being priced like there is a major real estate issue going on in texas and that is not the case. most of the texas banks may have a percent or 9% of their loans in the energy sector, but those are neva debt -- those are not even at risk yet. i do think there are opportunities in some of these non-pure energy themes that have been hit hard. another one, eagle materials. they have a small fracking operation. the stock has been hit. the cement and wallboard business is thriving for eagle materials. there is a lot of opportunity in the perception that we are going through mid-1980's type of decline in energy. bob: what are some other single names you are interested in right now? craig: one theme that we are seeing at hodges capital is that the last economic expansion was driven by industrial companies. we are seeing this new expansion driven by consumer type names. we are trying to focus on consumer names. a lot of the homebuilders, there are some opportunities there.

texas ages ago. guest: i think it's the diversification of the economy. they learned was an oil state. collapse will -- told the state that the days of being a one track pony was over. that kaiser's vacation -- diverse vacation has helped tom: i can't think of a state with more stereotypes in texas. guest: the 10 gallon hat. tom: that's part of the entrepreneurial myth of the cowboy up in abilene. olivia: shall i break into song? i was at a wedding and i had to pay an arm and like to get to in dallas. tom: that's the stereotype. guest: if i compare the areas, i think you saw that abilene or the western texas was concerned but felt they would get through this as a community. we are starting to see a bit of that pessimism. there is some softness starting to come in. i was talking to one of the major real estate brokers last week. he was saying that houston's real estate prices would whether this. they are seen prices flattening. tom: you have to put water in there. we want to go beyond just the headline data on the california drought. it moves east, does it move down the rio grande to te

and not only that, why can't we as a country, with an energy-based economy, why can't we figure out commercial hemp? you can't tell me texasm.i.t. can't figure out how to burn commercial hemp. every broken downtown in america can go and have a basis of economy on renewable energy. host: michael livermore, let's take this idea of renewable technology. guest: absolutely. so you might ask the question, why haven't we developed cleaner energy technologies? or why are we dissatisfied with the correct mix of technologies we have available? a major part of that region is that cost, the true costs associated with energies including coal, are not reflected -- the companies do not bear those costs. the full costs, the full public health costs associated with pollution -- if it was, if we had appropriate prices that reflect a those costs, there would be an incentive to develop exactly the can of technologies that you are describing. but as long as the playing field is not level and there is an implicit subsidy for fuel, then there is going to be less development, left -- of those technologies. the best way for to get those kind of te

. >> beyond texas, your advantage point in commercial and residential real estate. we're asking the discussion how strong was the economy a weather blip. on friday we learned the economy added 136,000 jobs in march versus 250,000 that were expected. is the slow down a soft patch in the first quarter and set to rebound or something more worrisome going on beneath the surface. >> i'm glad you asked. we get the question. if you look at the sentiment index you talked about at the opening of the segment, it is so well correlated and such a great predictor of not just commercial real estate conditions but the broader economy. going back to 2004 and 2005 commercial real estate onliersy ers owners who see the -- the foot traffic on retail and so on we're already beginning to worry about the economy in '05 and yibs well before the downturn. it was an accurate indicator of what was to come. same thing on way up in 2009 they were getting more optimistic. if you look at the latest rating. the optimism at the all time high. if you believe in the accuracy of the historical correlation this should mean that the slow down we heard abou

that they are active contributors to our society, to our economy, so these arguments, for example, the texasumented persons, that's disingenuous. texas is one state that loves issuing fees. if texas is so concerned about that, why don't we up the fees for undocumented persons who want driver's licenses. the issue is bigger. >> there are two things the people opposing the president's immigration action because they say it was an executive overreach, then the issue of immigration and immigration reform and the separation of families, two different discussions. is the discussion on immigration going to play an important part in the 2016 race? >> absolutely jose. i mean we've already started the 2016 race. i'm going to be very curious to see how the republican party in particular cleaves on this issue. i mean i think we see some factions very conservative, some moderate, are they going to battle it out and balance it out in the end. >> victoria thank you, pleasure seeing you. >> thank you, jose. >>> turn off your cell phone, senator roberts. it's good to know even congress has unscripted interru

and not only that, why can't we as a country, with an energy-based economy, why can't we figure out commercial hemp? you can't tell me texas tech, m.i.t. can't figure out how to burn commercial hemp. every broken downtown in america can go and have a basis of economy on renewable energy. host: michael livermore, let's take this idea of renewable technology. guest: absolutely. so you might ask the question, why haven't we developed cleaner energy technologies? or why are we dissatisfied with the correct mix of technologies we have available? a major part of that region is that cost, the true costs associated with energies including coal, are not reflected -- the companies do not bear those costs. the full costs, the full public health costs associated with pollution -- if it was, if we had appropriate prices that reflect a those costs, there would be an incentive to develop exactly the can of technologies that you are describing. but as long as the playing field is not level and there is an implicit subsidy for fuel, then there is going to be less development, left -- of those technologies. the best way for to get those kin

i actually believe that one reason why texas has done better than the rest of the country in terms of its economy and jobs is large part been because of trade. we led the nation in overall exports since 2002 and beef, cotton, pet trow chemicals and texas manufacturers and farmers set new records of exports with $290 billion worth of merchandise to buyers around the globe. i believe this trade promotion authority proposal that we'll markup tomorrow is -- represents real progress. the challenge i think we have is absent a trade promotion authority or so-called fast track authority we're left with negotiations on behalf of 535 individual members of congress, which is not feasible. what i worry about and mr. donahue, you allowed to this if we don't engage with asia on the transpacific partnership proposal, i'm waiting to see what the contents of it are because i don't believe -- i do believe that the impact trade does not fall uniformly and there are things we need to do and will do with trade assistance authority to help people who are dislocated as results of trade use new skills and higher paying

economies. that's another show. >> all right. >> time now for pops and drops, big movers, drop for texas instrument instrument, down 7%. guy? >> first quarter was lousy, guidance worse. margins better but if you want to be long this stock, $52 on downside is your stop loss level. >> drop for general motors, down 3%. tim? >> a pretty bad miss in the first quarter. i don't think these numbers were that bad especially when you look at one off south africa european restructuring still a part of this. i would be a buyer of this weakness. 35 is a key level forth stocks. i'm long the stock. >> drop for united airlines, down 2%. b.k.? >> up earlier. earnings good and i think it got hit by oil and for me i think soil going higher and you have to left swipe which means sell. >> big pop for skechers up 15%. >> yes skechers gigantic beat pretty impressive from these guys anthink it bodes well for other footwear retailer finish line. i'd rather have those. >> still ahead, microsoft moving higher after hours. the conference call sunday way. we talk to an analyst who sees a lot more upside in the stock. he'll explain why after this. >>> p

i actually believe that one reason why texas has done better than the rest of the country in terms of its economy and jobs is in large part been because of trade. we led the nation in overall exports since 2002 in beef cotton, petro chemicals, machinery and high-tech electronics. in 2014 alone, texas manufacturers and farmers set new records of exports with nearly $290 billion worth of merchandise to buyers around the globe. so i believe that this trade promotion authority proposal that we'll mark up tomorrow is -- represents real progress. the challenge i think we have is if absent a trade promotion authority or so-called fast track authority we're left with negotiations on behalf of 535 individual members of congress which is just not feasible. what i worry about, and mr. donohue, you alluded to this, is if we don't engage with asia as -- on this trans-pacific partnership proposal, which we haven't seen by the way, mr. trumka -- i'm looking, waiting to see what the contents of it are because i don't believe -- i do believe that impact of trade does not fall uniformly and there are things we nee

texas-based company, southwestern energy, licenses to explore for shale gas - in exchange for investment worth 47 if shale gas extraction goes ahead, it will be a boon to new brunswick's struggling economy. the province anticipates it could generate over a thousand jobs and 1.5 billion dollars staunching the exodus of workers west to alberta's oil sands. >> to have that kind of revenue inflow and that kind of potential, it would have a dramatic impact on the province. in fact, on the studies we looked at just a few weeks ago indicates that shale gas development could actually double the economic growth rates in the province. >> three years later these were the images from new brunswick flashing across canadian television screens. royal canadian mounted police guns trained on first nations people, police cars sent up in flames. >> we seized a number of firearms from the encampments at the protest site. we also found explosive devices, a large amount of ammunition knives, and bear spray. several shots were fired from within the encampment. molotov style explosives were thrown at police, and six rcmp vehicles were destroyed by fire. >> fault lines has traveled to the province of new brunsw

economy strong, and help secure the nation. thank you for listening and god bless. announcer: next, former texas state senator wendy davis talks about women in politics. after that, a forum on immigration policy and students. announcer: on newsmakers, tony perkins talks about the indiana and arkansas religious freedom laws and the political reaction. he also talks about the role of conservatives, specifically religious conservatives in the next campaign. announcer: this weekend the c-span city's tour has partnered with cox communications to learn about the life in tulsa oklahoma. phillips 66 with a company he founded north of us here in tulsa. it became the headquarters. today you still see the familiar phillips 66 shield. phillips 66 has become as familiar to people out here as a coke bottle. it is iconic in the minds of motorists. he was part of that flamboyant oil fraternity that came out of the early -- or the late 19th century and flourished. these were men macho industry who had amazingly solid egos. they were very sure of themselves greats, but he was human. he was many things, but always

economy, citizens, and nation. i will vote no. pro tempore: the gentleman from texas is recognized. >> i am proud to introduce a speaker from the ways and means committee. mrs. noem: in 1994, my dad was killed in an accident on our family farm. i came home and try to figure out how we would get by without him. all i could hear during that time was the words i got had said for years, it was not long after he was killed that we got a bill from the irs. it said we own the money because we had a tragedy. one of the things my dad said was, christie, do not sell land, god is not making more land. that was her option, we can sell land, or take out a loan. i took out a loan, it took 10 years to pay off the loan. it is one of the main reasons i got involved in government and politics. i did not understand how bureaucrats and politicians could make a law that says when a tragedy hits, the family owns the irs -- owes the irs. it is unfair because at the most vulnerable time, the government says they need to take what your family has worked for. a lot of the conversation has been

state and local economies but many are critical saying the chemicals used in the process are polluting the environment, polluting the groundwater, and producing earthquakes. denton texas also prohibited fracking. opponents are furious. >> what the state is telling us is that we don't have a right to say we don't want earthquakes. you know that the industry can come in and do whatever we want to us. and that really bothers me. >> governor greg abbott is expected to sign the bill if it reaches his desk. as we talk about the battle over fracking it is important to know the facts and figures and the importance it has to the country. take a look. >> conventional drilling, they would have a vertical hole. and it would use maybe 100,000 gallons. in fracking they are drilling down putting in a horizontal well and they inject a lot of water to hydraulically frack the rock. you are talking about hundreds of thousands of gallons of water that's fracked. >> john vidale is a seismologist from the university of washington, he's in seattle tonight. john welcome. does fracking directly cause earthquakes in your opinion? >> yes it's clear fracking causes earthquakes. and more than the

economy and democracy. our next call is from texas francisco who supports the bill. tell us why.aller: thank you for having me. obviously, we are missing chunks of information. i see a lot of people are opposing this. the reality of things is we are trying to open new doors. a lot of people talk about how we are going to lose jobs. if people would start thinking more positive, maybe they would think that we will create jobs. united states, we don't know that much of the bill said to have been in closed doors. again, if the united states here at om wit and -- home would invest more in education, who thinks we will lose jobs? on the contrary. it will give us more jobs and make us more educated. those who are opposed to it and think they will lose their jobs, why? be more competitive. we are competitive. if the president wants to do this, and thinks it will open doors to a lot of other markets open them up. we as united states people need to prove that we can ask and make more, and prosper more by opening more doors. host: take a look now at the potential impact of the u.s. transpac

texas. ♪ ♪ >> russia is on track for a tee deep recession this year. some investors believe the worst may soon be over for the oil dependent economy as its stock market and now both move higher. our next guest making a very bullish call on this country. and he's doing it right now. joining us, jc. he's capital -- russia is going to come out of this? buy it. >> i like it. we've been buying it all week. we've hit the highest levels year to date. russia is outperforming the united states. last year, i was a vocal bear the entire year. you have to keep an open mind. our downside objectives were hit. higher highs, that's an uptrend, liz. >> their ruble lost a lot of value. a lot of violence going there. you feel better to get in now, too early than too late. how do you do it? what are you advising people to do to buy russia? >> well, i don't give anybody advice. i'm saying what we're doing. we're buying russia. let's differentiate between the economy and the stock market. these are two completely different things. japan is a good example. their currency is getting destroyed. russia is in the exact same case. (?) down trend line from the september highs. very,

texas border. the new warnings raising fears isis is a whole lot closer than we think. breaking news out of federal reserve. peter beans as the federal beige book. peter. >> the economy continued to expand across most regions with moderate or modest growth, melissa. that the headline from the latest fed beige book on economic conditions around the nation which the fed well use at the end of this month in the next policy meeting. lots of references to bad weather, strong dollar, lower oil prices. they are all variables the ten is -- fed is watching as it tries to decide when t raise short-term interest rates. for example, on demand for manufactured products the beige book says quote, weakened manufacturing activity was attributed to strong dollar, falling oil prices and harsh winter weather. here is some good news. the report noted many districts savings from lower energy prices are driving retail sales this cycle as is improving weather situation. melissa. melissa: wow, peter barnes thank you so much. let's look at market reaction. stocks near session highs. the dow is up almost 100 points. bring in today's panel. our very own charlie gasparino. john lonski moody's c

texas is recognized. ms. jackson lee: thank you very much. privacy is of great concern to the american public in a digital economy where personal information is one of the most valuable assets of successful online business. with that i gean ask for support of the jeel-polis amendment. i'm happy to yield back my time. i thank the chairman for his comments. i yield back my time. the chair: the gentlelady from texas yields back. the question is on the amendment offered by the gentlelady from texas. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the aye vs. it. the amendment is agreed to. pursuant to clause 6 of rule 18, further proceedings on the amendment offered by the gentlelady from texas will be pow opponented. -- postponed. it is now in order to consider amendment number 11 printed in part b of house report 114-88. for what purpose does the gentlelady from texas seek recognition? ms. jackson lee: i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 11, printed in part b of house report number 114-88. offered by miss jackson lee of texas. -- ms. jac

economy often being subjected to discrimination and even worse. >> well, that sounds like back door amnesty to me but joining me with a different perspective from fort worth texasgration attorney. i'm listening to that and mrs. clinton's words were path to citizenship. isn't that amnesty? >> well, no. it depends if it's earned or not. the problem here is that it's amazing to me that the republican party is letting that entire block of votes go on unchallenged. why can't we introduce something in congress? we he have states passing laws against the immigrants and they all got held unconstitutional and we are letting hillary clinton run with this. >> francisco how is she running with it if it's not a path to amnesty? president obama basically said i'm going sign off on executive order to 4 and a half million illegals to get their immediate path to citizenship. >> no did not. did not. >> you are suggesting that there should be some form of process involved? >> there ought to be -- thank you so much. yes. there ought to be a process whereby folks are filling jobs that are available can apply to be here legally. no one is here against undocumented immigration than u

economy by supporting the paycheck fairness act. thank you, and i yield back. the speaker pro tempore: the gentlewoman from yields back. the gentleman from texas is recognized. mr. sessions: i hope the gentlewoman will recognize she needs to be talking to the house most of all. during the last few years, when this issue comes up, we refer to inequities and so this might just be one of those bills that the white house would veto because they could follow what they choose, but maybe they wouldn't want this to be the law or maybe they would want this to be the law and correct what they do to have the white house for equal pay for equal work, women among their colleagues. i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts is recognized. mr. mcgovern: i don't think we have any other speakers here, but i would like to ask unanimous consent to insert the text of the amendment that i would offer in the record along with extraneous materials. and again i remind my colleagues if we could defeat the previous question, we will bring up the pay check fairness act. and it is been somewhat of a puzzlement to

texas. >> i was thinking, oh, hell, it's on fire. you're not going to get out. >> every day, trucks, tankers and other commercial vehicles crisscross the nation's highways. they are an important part of our economyransporting goods and material around the clock. but if something goes wrong, these big rigs can turn into big disasters. april 8, 2010. a traffic cam captures randy pierce and his 18-wheeler full of frozen chicken entering a busy highway in lewisville, texas. he's just about to merge when suddenly a dump truck cuts into his lane. >> i thought, well, he's going to see me in a minute. so i started moving to the right. well, he never did see me because he kept coming across. >> the two trucks crash into each other. and the dump truck explodes. randy loses control of his rig and heads straight for the highway's concrete divider. >> and it shoved my steering tire back into the frame. so that took me back across to the left across the highway. >> the 18-wheeler cuts across four lanes of traffic and breaks through the dividing wall, narrowly avoiding a 40-foot drop to the ground below. randy is left with seconds to bursts into flames. >> that's when i thought, well, i got to get out of here.

texas republican has raised more than four million-dollar in his first nine days. cruz has raked in machine friday some of his state's biggest g.o.p. donors. >>> democratic presidential hopeful hillary clinton says america's economy is on the rebound but still not fully up and running as of of yet. she told small business owners in iowa that the country need to do more to help small businesses, start up, and thrive. >>> a scare in the nation's capitol when a gyro copper land on the lawn of the capitol building, coming up we are live in washington tc we have more on the pilot we're told he took off from pennsylvania. >>> that is coming up but first the deadly dog flu, in the midwest it is spreading and it is in the just dogs that are in danger. >> call this the oprah version of the garage sale how you you can buy if you have her favorite things from her very own home coming up. >>> is there an out break animal lovers need to necessity b k-9 flu has sickened 1,000 dogs in the midwest. don champion has more on where it came from and how pet owners can protect themselves and their pets. >> reporter: that cause of fever and sluggishness are the first symptoms of the dangerous strain of dog flu in parts of the midwest

texas and new york are people who believe in ted cruz. they believe he would be a great president and they believe in his views on the economy, for policy.st to have him and his ideas be part of the mix in 2016. erik: has enough time passed since citizens united to be able to draw some kind of a connection is not a correlation between the amount of money that you raise through these affiliated super pacs and your i guess, staying power as a presidential contender? mark: we saw last time people like sheldon adelson and others gave large amounts of money to need -- two new gingrich and rick santorum. citizens united has played a role but there has been a attitude change. in 2012 mitt romney and president obama were reluctant to be seen associated with super pacs. a lot of candidates help encourage people to give. you will see not just candidate activity but people the not embarrassed. jeb bush is trying to limit his current super pac contributions to one milling are checks. eventually he will change that. people like ted cruz and rick perry are going to take multiple million-dollar checks and not be embarrassed. stephanie: how grotesque is

texas major is doing about that. >>> plus the fda and how you can get rid of double chins. that's ahead. >>> "the wall street journal" said the economy a crawl at the start of the year. it marks the return of uneven growth seen in the last six years. the gdp in the first quarter grew only 0.2%. >>> britain's president independence" said they almost denied andreas lubitz a flying license. in 2010 they questioned lubitz's mental health but he was allowed to train in arizona after german doctors say he recovered from depression. lubitz is accused of deliberately crashing a plane into the alps last month killing himself and 149 people. >>> u2 singer bono tells "the new york times" he still cannot play the guitar more than five months after the car accident. he cannot bend two fingers. bono said it feels like i have somebody else ee hand. this is a hard bit because i can't play the guitar. they kick off a world tour next month. >> i hope that works out for him. >> i talked to morgan freeman last night. he can't fly anymore because he hurt his hand. >> that's tough too. >>> the "washington post" says they're fueling questions about exercis

economy. as you know, dan it has massive stimulus effects in terms of consumer spending but it's also potentially a big problem in terms of energy production in places like north dakota or texas. the living leading edge of what it's doing to the economic growth in texas or north dakota? >> it's negative, i can tell. >> are there any hard numbers? but you see it as a huge systemic effect, but the nice thing about the california program, they have created a shock absorber mechanism, which is the credits. if you sell few -- fewer electric vehicle, that mandate is to place and that means the price for credit goes up and that creates an incentive for automakers to lower their prices, do whatever they have to do to sell more electric vehicles. so they don't even have to buy really expensive credits from someone else or you know, they have to meet this mandate. that's a critical thing. i don't see the california retreating on that. it will probably have some effect, but the truth is that there's a mechanism. >> let's open it up for questions. and i believe there are microphones. let's start the first and i saw was way in the back. >> maybe a few years ago i heard they were trying to

texas and he was laid off and he was working in oil. >> remember the days of 1998 when crude was $10 a barrel and all those rigs were in the moth balls and our economyjobs, they are becoming ghost towns and they are keeping the rigs online that produce the best. >> i want to get somewhere real quick because we only have a short amount of time. with the fact that this is going on and the fed can't find out what to do, what does it spell out for our economy? >> well, in my opinion, i think we're in the early stages or middle stages of deflationary depression where people are speaked about spooked about what is going on in the country that people can't get jobs, students can't get quality jobs and they are still living at home so the psychology has changed with the way that people spend. interest rates in the united states have been zero for many, many years. they are negative in many european countries. if i said this to you ten years ago, you would have laughed at me. that shows how weak the economy is and the federal reserve can't get the gdp up. their current prediction is .1 for the current quarter. >> meaning we have tremendous amount of work to

benefitted the environment, the economy and the hard-working families who now enjoy reduced energy cost. that concludes my opening statement. the gentlewoman from texas is recognized for her opening statement. >> thank you very much, and let me thank our witnesses for being present. i am from texas, and i served with your father in the texas house. he was there when i got there and he's still there and i got there in '73. i am pleased that the oil and gas industry has done so well and most especially during the obama administration's tenure. however, i'm also a nurse by training and i'm sensitive to the need to protect public health even as we develop new fossil fuel resources. this hearing is advertised as being about the science of fracking, but the majority of the witnesses consist of state economic regulation and development officials, a representative of a firm set up to run public relations for the fracking industry is and a scientist who has been paid by one of the largest fracking firms in the country. that does not sound like a promising panel to honestly examine the scientific questions. looking at the majority's material and testimony it i

economy. what was your take on the jobs number? >> i think march was bad. we've been saying march was bad. the job creator in texasch is oil and they're laying off people left and right in the oil patch and they don't need that many people because they're doing the easiest wells. just very low technology. the rails you're not going to move as much oil. now rails don't hire a lot of people, but i'm just saying there's just not a lot of commerce associated with oil versus where there were three months ago. when you drop 123,000 barrels versus the previous month, which is what happened between january and december it's going to get worse. >> oil and gas added jobs which made no sense to anyone. >> well, that's problematic because unemployment rate went up very big in north dakota. it went up in the permian. these numbers -- i wish i could make more sense of them. >> you're not alone in trying to make more sense of them. >> i'm not? >> no. >> but it doesn't mean that we're not more concerned, even more so than we had been. >> or are we? because perhaps it works the other way. concern has gotten so high that maybe we m

texas, and my colleague from new jersey. government action that boasts -- that both wastes the taxpayer dollars and hurts local economies doesn't make sense. especially when the same action negatively impacts national security. but that's precisely what another round of base realignments and disclosures would do. the air force base in dell rio, texas, in the 23rd congressional district of texas, is responsible for training more air force pilots than any other base in the world. it is an integral component of -- component of our nation's military readiness and it's a vital part of the economy and community. yet every year they wait to see if the powers that be up here have decide to put the air force base back on the chopping block. devastating del rio and endangering our nation's air superiority. i encourage my colleagues to support this amendment which will prohibit funds from being used to propose, plan or execute another round of brac closures. protecting our military readiness in communities such as del rio is vital. i yield back. the chair: the gentleman yields back the balance of his time. the gentleman from texas' time h

economy and create good paying jobs. i urge my colleagues to support this bill. thank you and i yield back the balance of my time to the gentleman from texas, mr. neugebauer. the chair: the gentleman yields back. does the gentleman from texas reserve? mr. neugebauer: reserve. the chair: the gentleman from texas reserves. the gentlewoman from california is recognized. ms. waters: thank you, mr. chairman. the next gentleman you're going to hear from this side of the aisle is the author of the legislation that certainly would have given small business a seat at the table at the cfpb he worked very hard on this bill and he's one of those persons on our committee that reaches across the aisle all the time for bipartisan effort. the gentleman from washington, mr. heck who i yield 10 minutes to for his presentation. the chair: the gentleman is recognized for 10 minutes. mr. heck: let us be clearly prior to this bill it was mr. pit enengineer, who worked hard for nearly the past two years so we might have an opportunity to vote upon it. i cannot ex ag engineer ate to you, how how surreal i find it, but i stand here now and ask my colleagues, vote

economy. it is bad for our citizens and it is bad for our nation. i will vote no. the speaker pro tempore: the gentleman from washington reserves and the gentleman from texas is recognized. mr. brady: mr. speaker, i'm very proud to introduce a key member of the ways and means committee, the gentlelady from south dakota, i yield two minutes to her. mrs. noem: on march 10 1994 my dad was killed in an accident on our family farm. i was taking college classes at the time. i was 21 years old and i ended upcoming home with my family trying to figure out how we would get by without him after this tragedy hit our family. all i could hear during that point in time was the words my dad said to me for many years and it wasn't long after he was killed that we got a bill in the mail from the i.r.s. that said we owed them money because we had a tragedy happen to our family. and one of the things my dad had always said to me kristi, don't sell land because god is not making more land. we could sell the land or take out a loan so i chose to take out a loan but it took us 10 years to pay off that loan to pay the federal government those death taxes. it's one of the main reasons why i go

texas and arizona. little bit of florida. but overall, there's a movement towards home ownership again, and that's very good for construction, it's very good for the economyt as we see it from the lowe's the home improvement store, you know, when people see home values going up you know they start spending to refurbish their homes. we're seeing people before people would say i want cabinets. now they want to do the whole kitchen. before they say, i'm just going to do maybe something with the floor, now they're thinking of the backyard patio. because they're beginning to feel the home values are going up, and as a result of that they're willing to spend and we're seeing more movement in our sales for things to make the home better. and essentially more valuable. >> backyard andrew is like people that are on like the ground floor of a structure, then they have a back door. >> right. >> they go out and there's green grass -- >> beautiful backyard. >> central park. >> yeah you do. >> very beautiful. >> good answer. >> it's big and beautiful. >> this is ours out there. this is actually really good what we're doing. >> i like coming on the show more one percent