. >> the u.s. commerce department decision reverses one of the most contentious trade disputes in the u.s. >> stand up for american workers, and enforce maritime trade practices. >> a key victory for u.s. steel. >> first-class infrastructure attracts first-class jobs. >>> good to have you with us. thanks for watching. back from vacation, always good to get a little fresh air and do what you like to do. i'm fortunate enough to be able to do that. and it's good to be back with you here tonight in new york. you know, you're out of the news. i'm out of the news. okay? i haven't been doing a whole lot, just paying attention to nothing but having recreation. so coming back tonight, i thought, what can we agree on? let's start with something that we can really agree on. because americans, we're just agreeable people. i was at a golf tournament yesterday in sheboygan, wisconsin. the green bay packer hall of fame golf tournament. americans are basically happy people. we love tradition. we love to build friendships,

when ibm ran on black friday at the analysis of e-commerce sites they hosted, the traffic coming fromas significantly insignificant. people doace where seem to be in a commerce mood, state of mind, is platforms in asia. >> any kind of platform? >> when people are on social media in asia, they are ready to buy. >> why do you think that is? are they just more comfortable with that? >> i think it is cultural and who knows why. wichat was linking to the platform, the sales supposedly spiked 600% that day. i think when you talk about social commerce, and everyone has been very excited, the one place where it might be exciting is with some of the platforms in asia. pretty soon you will soon be losing -- be using your phone. your phone will become your credit card one day. >> yes. we talk about wearables. is the wearables market is already here and called your iphone or android. there is no reason you should not be swiping prophetic cash register as a transaction. that is coming. >> great to see you. scott galloway, bloomberg contributing editor. bottom line returns in a moment. ♪ >> get the

>> item 48 is ordinance amending the general plan to amend maps 1, 2, 4, and 5 of the commerce industry element, map 6 of the transportation element, maps 4 and 5 of the urban design element, and the land use index to implement the visitation valley/schlage lock special use district, which generally includes the properties bounded by bayshore, blanken and tunnel avenue to the san francisco/san mateo county line to the south, including the properties fronting bayshore boulevard from arleta avenue to the san francisco/san mateo county line to the south, and including the properties fronting leland avenue from cora street to bayshore boulevard; and making environmental findings, and findings of consistency with the general plan, and the eight priority policies of planning code, section 101.1. >> 48 and 49? >> item 48 is ordinance amending the general plan to amend maps 1, 2, 4, and 5 of the commerce industry element, map 6 of the transportation element, maps 4 and 5 of the urban design element, and the land use index to implement the visitation valley/schlage lock special use district, whi

he is on the energy and commerce committee. that committee covers a lot of telecommunications issues, as well. >> whenever we talk about the issue of privacy on "the communicators," we often turn to zoe lofgren, the democrat from california. what is your particular interest in all the privacy issues? >> it really is rooted in the constitution. areou aren't committed -- intimidated that the government is tracking everything you do, not only does it deal with the fourth amendment, but it also has an impact on the first amendment. under our constitution, citizens have a right to speak their mind, to say what they think is right, if they feel they are being watched or intimidated. it is a very serious assault on our structure of government. obviously, there are technology issues that i care about. rooted inssue is american freedom. >> the defense bill -- you recently had an amendment passed. >> it was huge. one of the things -- the usa freedom act ended up probably increasing the amount of that is legally possible, rather than decre

the san francisco african american chamber of commerce, acknowledges that the passed six months has the potential or had the potential of being a major, game changer, right here in the city and county of san francisco. we have seen major team effort, major team effort. to rectify the disparities and the inequities and the disrespect and the discrimination and the jobs and contracting and the segregation and housing and the oppression by the police and the see agencies, and to a major extent to look at the benign neglect by the san francisco board of supervisors over the past years. the buck stops here. we are in the legislative chambers. the buck stops right here. now i thank you for allowing me to present today and we have great plans, and we have been working very hard in the past six months. and the proof will be in the taste of the implementation and we do have the plans. and in the city, we and the economic prosperity, there is the accountability for all of the citizens. and the reason why we are here today is the african american community has been a lost tribe. last week i was in

wade rose who is representing the san francisco chamber of commerce. (clapping.) >> mayor ed lee and supervisor kim and supervisors we the business community are police department mr. reginald that a single ballet measure had been appearing in november to ask the folks of san francisco whether or not they want to support an expansion and growth in the minimum wage. the issue about the discussions we were involved with and have been involved it come down to the observation that a compromise is a precious idea that has to be experienced to be healthy that we think that the consensus built up around this measure residents will be voting on we've reached the compromise. one of the kind of facts of san francisco which is not well understood because we're bless to be a headquarter city and a huge amount of high tech are coming in is that 80 percent of the 6 hundred thousand people who are employed in san francisco are employed by small and medium businesses businesses often less than 20 people, 80 percent in the twitters or the pg&e. it's the folks who have p

the ban. more companies will start applying to commerce for permission to ship it. ing for new guidelines to lift it the ban. and will take a huge act of congress. and it has been predicted it could happen as soon as next year. let's check in with the founder and chairman and ceo of one of the great stocks we've been recomme recommending since the show began, continental resources, what con den say densate means. >> jim, it's good to be with you this afternoon and talk about this subject. >> a lot of people when they read this said this will lead to much higher gasoline prices and that's what will happen if you let people ship our oil. you have reason to believe that's not the case, right? >> for sure, all this increased supplies and particularly with diesel and also gasoline prices, we've seen the effect of that. basically, the refiner's been buying wholesale but like you said the products on world price retail. so the consumers pay just as much or more. this is a -- if you put the chart up that i sent earlier, this differential that existed there, up on that announ

if we put the two acts together, the interstate commerce act and the communication and title two on the other side, after studying them, they are essentially the same and what they do, it was their purpose to do, was to establish, really strict regulatory controls on these entities to prevent the abuse of market power and i would submit that now, at this time, in this digital age, we have a very different situation and we don't want to apply these types of regulations to telephone companies. >> host: did randy may address your answer? >> guest: these are not really new rules like he said. it is the continuing principles we have always had. so the notion of there is no market failure ignores the fact we need an open platform available to everybody even as the technology changes. i use the cellphone example here. common carrier regulations can apply to monopolies and utilities and other situations where you have more than one choice. no body would thing it was okay for verizon not to pick on verizon: for verizon wireless to knock my numbers just because i could switch to at&t or spinto or

. >> reporter: now this comes as word has come from the commerce department that the economy grew in the second quarter by 4%, dell. >> so libby, congress, what is it work on this weekend? what still has to be done before they leave for the august recess? >> reporter: five-week reverse coming up in just a couple of days. of course president obama is pushing them on that front. he's pointing out the fact that they are slated to leave town friday. >> i've only got a couple of years left, come on, let's get some work done. then you can go to the next president. look, we've got just today and tomorrow until congress leaves town for a month. we still have some serious work to do. we still got a chance to--we got to put people to work. >> reporter: you get the sense of the attitude that president obama is using, the tone that he's using, it's one that we've seen him while out and about. he is taking the message directly to the american people. what is congress doing? they did pass a route forward on the immigration bill, one that would deal with the border issues and migrant children. the

we need to have state of the art port facilities to ship our goods. we need to give commerce the muscle it needs, the american way. our grandparents knew about this. they handed us this. this? re we going with will we fail the next generations or will they look at us stay and say, they got it they did it well, they did it with a sense of vision and planning and passion and commitment and scored for us as a generation. and now we'll build on that success. mr. garamendi: yes, we can. we can do it. it's interesting that -- we spend a lot of time talking on the floor here and in the chamber about government regulation and red tape, in the grow america act, there are major reforms to speed up projects, to move projects faster, to get the concrete poured, to get the bridge built, to get the airport up and running. those reforms are very, very important, they along with the overall bill are languishing for lack of a hearing, for lack of action. we had the opportunity to put e projects in place with the reforms called for in the grow america act. this is an opportunity for our local

and now they're starting on the commerce fight in germany they're trying to same thing to it that they just did to the trench by. i think that part of this is that washington uses. american clout over of the people by threatening them to be excluded from the american market. and all of to her those financial institutions in order to and dance the financial interest is in all the american banks so when they beat up on barclays they beat up on the french they beat up on the german by then goldman sachs j.p. morgan city by and by america they can sort of move again easier oh noes own the territory of those black so i think that's also part of it in fact a true think should be the main. the main part of it but i don't think the world should accept the fact that the united states government jan and. decide. what countries they're buying it's these other sovereign countries what the banks and sobbing countries who they can do business with and yes i think you see the dollars importance diminishing over time is that right. yes i think it has to diminish over time primarily because of the sanc

i work at the commerce department and there's a lot of bureaucracy. nt,d bigger we need smarter government, and we need to make cuts of things. i would quote some of the corporate -- cut some of the corporate loopholes. >> one of the things i was reading, this has to cost a fortune. some of the rules they rode into creating prism created spending. into creating prism. >> traded spending. >>. >>-- created spending. >> do you think edward snowden is a patriot or trader? >> i don't think he's a patriot. i think you should face the consequences of what he did. i'm glad that information is out. i don't think the nsa is overreached. >> should he be protected by whistleblower laws? >> he fled the country. if he were in the country and said, i'm going to face the consequences, we could have that conversation. i don't think he is a patriot because he released sensitive, classified information. you cannot have a president that anybody who disagrees with the policies of an administration has carte blanche to release it. face theto consequences of that. i'm glad t

after the bad winter the commerce department reports that the economy grew at a 4% annual rate in theond quarter. economists expect growth of about 3% for the rest of 2014. >>> here on wall street investors will watch for the latest numbers on unemployment and mortgage rates, and earnings from exxonmobil before the opening bell. the dow lost 31 points wednesday. the nasdaq was up and the s&p lost a quarter of a fraction. >>> a federal judge hit bank of america with a $1.3 billion fine. that's for its role in selling risky mortgages to fannie mae and freddie mac that were advertised as safe investments. the bank may appeal. >>> argentina is in default again. talks between the government of argentina and u.s. creditors collapsed last night. argentina's economy is in a recession with a shortage of dollars and one of the world's highest inflation rates. this is the second default for argentina in 13 years. >> and starting this fall, you'll be able to send your late pet off in style tore the far reaches of outer space. a company called celestis says its expanding its memorial flights to do

clark, who is president and ceo of the georgia chamber of commerce, again opposing this rule. i ask unanimous consent that these be entered into the record. >> without objection, so ordered. >> since i haven't started my question, please restore my time. i would appreciate that. administrator perciapese, you are one of the best i've seen of filibustering a question and not answering. it's not only to republicans but democrats also. the chairman showed you a map, the connectivity map. you made a statement that you already had control over all that property. is that correct, yes or no? >> we do not control the land. >> no, you made it clear you control the water over that -- on all that area on that map, correct? yes or no? >> i'm not going to do that. >> but you did say that. are you expanding your authority here with this proposal? >> no. >> none whatsoever. >> no. >> why have the new rule, then? >> because the existing rule, as i mentioned, is based on flawed approaches to determining jurisdiction, is actually more broad than the supreme court has asked us to -- >> let me ask

i will just read the last paragraph from the indiana chamber of commerce. we ask you that stop epa from finalizing this proposed rule that could create a significant amount of uncertainty. it would impact the business community in a detrimental way. it seems like another chapter in the epa's lengthy tomorrow of bureaucratic overreach. it's time to put a stop to federal intrusion when it's occurring versus congressional past legislation. i would like to to be here and thank you for your work at the epa. i think just because we may have fiphilosophical disagreements doesn't mean you're not working hard to do your work. i thank you for that but we have some disagreements on this proposed rule. first of all this has been on the books for 30 years, why not? >> one of the primary drivers, this goes back to the previous exchange that the supreme court has had two separate -- more than two but two in particular where they have looked at the existing way the agency -- plural the core of engineers and the epa go about making jurisdictional determinations. where does t

during the first two years of thed obama administration, americans realized just how far the constitution's commerce clause has been manipulated from its original intent. the light bulb mandate is a perfect example of this. the commerce clause was intended by our founding fathers to be a limitation on federal authority, not a catch-all nod to allow for any topic to be regulated by washington, that washington felt was in the people's best interest. indeed, it is clear that the founding fathers never intended this clause to be used to allow the federal government to regulate and pass mandates on consumer products that do not pose a risk to health or safety. the congress should be on the side of the average american. the congress should be on the side of the consumer. the congress should be on the side of consumer choice. if new energy efficient light bulbs save money and are better for the environment, we should trust the american people to make the choice on their own to move toward these bulbs. we should not force these bulbs american people. the bottom line is the federal government has no business

fewer people are going after the american dream according to the commerce department. home ownership in the u.s. fell again in the second quarter to the lowest level in nearly 20 years. let's bring in lauren simonetti be at what is driving this? reporter: we're looking at the lowest rate since 1995, not even 65% of americans own a home. that number peaked a decade ago at 70% during the housing boom. the concern is the current level could fall even further. the wages have been stagnant, and the first time home buyer, where are they? living in their parents basement having trouble finding work putting off the american dream of home ownership. many foreigners are coming to the housing market buying our homes all caps. these trends are pushing americans to the event market. rental vacancy rates are low dropping to 7.5%. that is driving rent prices up. the median asking rent rising to $756 nationally be at also builders are turning their focus to multi family houses suggesting developers are still scrambling to meet demand from renters. groundbreaking on single-family homes

the commerce department says gross domestic product or the gdp expanded at a 4% annual rate in the 2nd quarter. economists had forecast the economy would grow at 3%. the increase is in part due to strong consumer and business spending so let's check wall street. so far wall street is down nearly 50 points at this hour. >>> san francisco voters will be asked to raise the minimum wage. the board of supervisors unanimously voted yesterday to put the issue on the november ballot. if approved the minimum wage would go up to $15 an hour by july of 2018. the highest in the country. >>> and firefighters are battling a series of wildfires in northern california. the one burning on the western side of yosemite national park is now more than 3500 acres. the fire is 34% contained. but it's threatening the park's merced grove of giant sequoia trees there. a fire south of the placerville is 82% contained. it burned 4200 acres in amador and el dorado counties destroying 19 homes. closer to home crews made quick work of a wildfire in the east san jose foothills. it began as a car fire yesterday and bu

speaking of those numbers the commerce department report of the economy bounced back in the spring growing 4% in the second quarter. americans bought more big-ticket items. companies invested more in technology and equipment. both are seen as good signs. consumers and businesses are more optimistic. mcdonald's was the plan to fight a decision that they can be held liable for labor complaints and franchise restaurants. the decision came in the wake of nearly 200 complaints filed against the chain. the labor relations board says mcdonald's is a joint employer and can be held liable for violating employee rights. franchise owners operate independently of the chain and said their own policies and wages. exxon is going to purchase an texas energy. they will pay $60 million as part of that deal. will now be the provider to more than 700,000 chicago household. they say they will honor the contract terms to the 2015 expiration. the largest energy company and illinois. one of the biggest publicly traded companies in the chicago area. >> giving high and low marks to a pair of electrical cars. this t

is significantly transforming the retail industry u.s..ghout the e-commerce started 10, 15 years now about $260 billion worth of revenue and growing rapidly. year it grew at about 17% compared to the previous year. n our industry consumer electronics, e-commerce is 20% of the industry. it is very significant. nd beyond that it goes beyond that because the shoppers of the is now ion that available online in 80% of the cases when you buy something in 80% of the cases you start your shopping journey nline by researching the product and getting information about the products and comparing the products. not may complete the transactions online but in 80% online.ases it starts traffic is more going down. december was n if down 14% year over year. 14%. and given the importance of again retail -- i feel it's very therefore the question is, in the future the death of main street. to ask this question. or more positively what does need to do to thrive in an environment where technology is significantly shopping ng the experience. what do we need to do to be that contex

. >>> we have breaking news concerning jobs, the united states commerce department set new import dutiesd taiwan. the united states government found that solar panel sales were being sold too cheaply on the u.s. market. this is a violation of a trade agreement and no doubt good news for u.s. solar panel manufacturers. the decision comes aweek after the commerce department announced new tariffs on south korean steel being dumped on the united states. for months leaders have said china cheets when it comes to trade and reeled in this day for solar panel violations by the united states commerce department. stay with us, you're watching "the ed show" on msnbc, we're right back. >>> i'm bertha coombs with your cnbc market wrap. the dow plunging 123 points and s&p lost nine and nasdaq dropped 22, stocks ending on a down note. durable goods rebounded up for commercial aircraft and machinery and oil prices closed just above $102 a barrel. pandora shares dropped 11% and music streaming company beat expectations on earnings but saw a drin in audience growth in june. that's it from cnbc, first in b

apparently the commerce pushed too many buttons while making this credit card payment. this huge tip was reverseed. >> cap you imagine? >> tip 20%. >> maybe not $43,000. >> they will know lawrence was in here. >> that would bust my credit in a hurry. >> your favorite today was monsoonal. >> monsoonal! it's the big word. that brought scattered showers. some showers sliding through. the main focus now making its way up into the sierra nevada where, yeah, we could still some see thunderstorms up there this afternoon. we'll see thunderstorms blossom. the sea breeze kicking up a little bit. cool at the coastline right now. the temperatures running fairly warm in the valleys. 87 degrees already in livermore. 83 in concord. but only 65 in san francisco and 78 degrees in san jose. throughout the afternoon, we'll see a mixture of sun and clouds. still a bit muggy. and those low clouds will likely make a return for tonight. and maybe a few monsoonal clouds, as well. then slow cooling and less monsoonal clouds as we head in toward the latter part of the week. high pressure latchin

that might not be new but the chamber of commerce moved away from being just a lobbying organization . to being one of the most political players in campaigns rivaling american crossroads. >> we'll keep an eye on that one. former bob dole campaign manager scott reed behind a lot of the decisions. jonathan? >> virginia is next door to washington, d.c., and it's going to be drawing two potential candidates for president this month on tuesday, rand paul is going to be in arlington, sitting down with two candidates who ran in virginia last year, pete snyder and ken cuccinelli, both lost their campaigns, business owners and later in the month, very interesting, mike penth, the governor of indiana, is going to be raising money for ed gillespie at a fund-raiser in mclean at dwight starr, one of the big bundlers for george w. bush's campaigns. >> virginia great national political state now. molly? >> the runoff in the georgia republican primary is finally happening on tuesday, it's been a couple months since the first round. this is the second round between congressman jack kingston and david

washington county chamber of commerce, the clear lake chamber of commerce, the greater beaumont chamber of commerce, the greater houston east end chamber of commerce, the houston northwest chamber of commerce, lake houston area chamber of commerce, league city chamber of commerce, pear land chamber of commerce, west chambers county chamber of commerce, and the warden chamber of commerce. i close simply with these words. businesses are supportive of the ex-im bank. people understand the necessity for it. we but only need to have a vote on it to get it continued. i yield back the balance of my time. ms. waters: mr. speaker and members, you have heard about businesses and any number of districts that receive the support from the ex-im bank. i would like to read to you excerpts from a letter from chairman hensarling's district. this letter is about how ex-im bank helped save my business, he says. his name is gabriel, a president of the corporation. and this is the excerpts i would like to read. during the past five years, we have grown our international cells from 15% to over 35% of our bus

. >> good evening, commissioners i'm dee dee workman in the chamber of commerce we understand you're looking at the formula retail we're here to ask you to support of the departments legislation we support our analysis of the community outreach that's something that the chamber of commerce urges your staff to do we recognize that is as a result of the facts and data derived in the community input we support the threshold in 20 in 11 it allows the homegrown businesses to grow before falling under the formula retail controls that recent bumper to bumper we support the idea you'll study the subsidy issue we think that's a pursuant move and glad to see that in there we also building that individual impact studies shouldn't have to be carried out but i railway with 3 thousand square feet that's a small retailer and unfairly burdensome this provides a balanced approach to retail in san francisco and gives of the consumers a choice where to shop. >> thank you. come on up and i'll call a few more names (calling names) >> hi, i'm rose for our 2 o'clock i'm southerner certain it's 707. i'd like