and later, the commerce secretary when "squawk alley" comes back. >>> america, you're welcome. >> i'm in a really sharky mood. >>> you come into wing foot with two majors. >> many people look at the drive on 18 as the problem but that was not the problem. >>> 26 trombones lead the big parade ♪ ♪ they were followed by rows and rows of the finest vi rr♪ >> the director of floor operations for ubs, happy birthday to you, my ma'am. >> thank you, i think. >> second day in a row now, a weak premarket, yesterday we had more 52 week lows than 52 week highs, what does that mean? >> it's a mild warning, to be honest. when we saw them before, the market stalled or pulled back. you can be setting up for 5% to 7% pullback. some of it is bases on what is happening in washington. the president tweeting about the supposed wiretapping and what not, it took some of the goodwill that popped up last week and made it less cand you have a gab that fell from the day that we spiked. >> is that new? it seems to me the market has been drshrugging off tweets. the tweet about president obama's administration wir

we just spoke to the newly confirmed commerce secretary. told us the trump speech will leave debt be about laying out themes rather than providing details. getting thematic rather than details, it could be setting up a disappointment. also in that interview, we are looking at 2018 or this year being a good year for economic growth in the u.s.. they will be speaking about some of these immigration policies. we heard president trump telling tv reporters earlier today that he is open to a path to making legal some of the immigrants who are currently living illegally in the u.s.. there is no point in making a trade deal if you don't enforce them. we also got some comments through these prepared texts of the speech to congress. president trump will be talking about massive tax relief for the middle class. he is developing an historic tax reform plan. bit of a little unification thing coming through as we wait for the address from the u.s. president. the fed in the meantime also making headlines. a very easy start to the day ahead of the speech.

democrats in the energy and commerce committee delaying the process at this hour.from both sides. >> good morning. one of the two committees, continuing this bill. the most boring things on the planet. at the end of this period, it is crazy. why are they doing it? because democrats want -- the first legislative test passing this, 7 years to get rid of obamacare and replace it with something in the white house going into fool -- >> the president is proud of the product we produced, we are out in will sell mode, all around the country. >> reporter: the other problem is republican dissenting but paul ryan telling tucker, very confident about this bill. >> what we are having, and repeal the taxes and spending, and conservative republican tax policy that has been long-standing conservative reform. >> reporter: we decided to find out what is going on. >> just going to hang back and watch republicans to circular firing squad. >> how worried are you about republican criticism who may not be involved? >> we are getting behind this measure, back president trump versus obama

hearing in the ways and means committee. energy and commerce is still going on now. not too long ago, debbie dingell saying she is in the market. congresswoman or michigan. in america, preparing to offer an amendment to protect senior access to long-term care. encouraging viewers to watch live on c-span. the take our viewers live now. >> term services and supports. most americans are unable to afford to cover their long-term care needs out of pocket. most americans rely on medicaid to access these services and medicaid pays for more than 50% of all long-term services and support in america. we are talking primarily nursing home here. for that reason, why is concerned with the republican proposal to change medicaid as we know it. such changes could restrict access to important services and leave seniors with nowhere to turn. family caregivers are stretched to capacity providing services to loved ones. in fact come across the country, 17% of working adults provide unpaid care for family members or friends. with approximately 10,000 seniors turnin

so today's changes are only to the commerce and industry element of the general plan. the element is a conference of god for the public and private sectors when making decisions related to the range of economic activities that form san francisco's employment answer the space. it includes different sections such as the industry their time neighborhood commerce government health and educational services and visitor trade. this update before you today would only impact the neighborhood commerce section of the commerce and industry elements. so what the changes would do, they would remove specific numeric controls from the restaurant concentration in the general plan and also refer the reader to the planning code for what that obstetrician should be. so the text in the slider is crossed out. you can see we are taking away 20% or more of the occupied commercial front [inaudible] adding and over concentration of, and then in the bottom were taken out 20% and say what is prescribed in the planning code. the ordinance would also move some limits that calls out specific neighbo

getting some news from the commerce department. to a source, china's zte agreed to pay $1 billion to settle a case involving the alleged sale of u.s. technology to iran. zte buys components from u.s. companies and had been accused of reselling the goods to iran. commerce secretary wilbur ross last week told cnbc the white house would be focusing on enforcing existing trade laws. we expect an official announcement later on this morning. then we'll talk to the commerce secretary around 11:45 eastern time. >> i thought it was great when he said that. there are a lot of news in the books and we don't pursue the laws. also, another thing we don't talk a lot about. the globalization polity. it is not like every company feels it has been beaten to death because of our relationship with globalization. the vast majority love it. >> they do. did you read the editorial from navarro yesterday? he doesn't see the world that way. >> he doesn't. the key trade adviser to the president. >> i do think you'll get a -- you'll see companies -- i mean, l

that is the commerce clause. the non-sleeping, the non-dormant commerce clause. >> right. >> but we have this sleeping thing over here, and it's the product of judicial interpretation that suggests that sometimes even when congress hasn't exercised its powers under the commerce clause, states infringe congress's authority by stepping into the regulation of interstate commerce themselves in a way that though congress has not itself prescribed would still offend congressional authority. that's the doctrine. >> correct. >> okay. >> so, we're -- that's how i understand it as well, and i realize that you may not be able to go much further in discussing your feelings about that doctrine, but if you can, i welcome you to. >> well, senator, i've tried to make clear today that my feelings, respectfully, on any of these topics are things i try to leave behind. i try to take the facts and the law and the precedent before me very seriously. i come here with no agenda. well, one. no promises but one. to be as good and faithfu

the commerce secretary plans to be aggressive to fix bad trade disease. but some along the u.s./mexico border are concerned. those stories and more tonight on "nightly business report" for friday, march 3rd. good evening. welcome. >> we start with federal reserve chair janet yellen may have said the clearest signal yet that an interest rate increase is near. her speech capped a week of talks. many said the tighter policy seems to make sense barring, of course, any big economic surprises. the fed last raised interest rates in december. on the second like in a decade. rising rates impact everybody from home buyers to savers, and they rippled through the global economy which is why investors are paying close attention. steve liesman looks at it. >> the fed chair janet yellen putting an exclamation mark on it. saying in a speech in chicago, it was on the way. >> in our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations. in which case, a further adjustment of the federal funds rate would likely

andrew ross sorkin will join us at the top of the 7:00 hour with commerce secretary wilburio ros. ining us on set is jason. are you watching all these records we've been setting? >> you're darn right. it's terrific. let the good times roll. >> there you go. >> you have been. you've been long. >> we've been long. >> good. that's why you're here. can't find anyone. we have one guy left. simeon. >> is he bullish? >> he will be on. already talked to him. one of the things he's saying is even if -- if there is a stumble in some of this stuff, market already deserves to be here, which is what i think. >> i think so, too. >> in terms of tax policy or -- >> that stuff is a bonus. just not having the private sector vilified on a daily basis, not adding a new regulation, layering on a new regulation every day. when you take that off, it's going to come back to a more normal level. >> i'm with you. i think -- >> i know you are. >> the multiples are getting a little stretched, but interest rates, you know, stock prices are a function of earnings and interest rates. interest rates are historica

the amendments in the commerce committee did as i had suggested, no denial of coverage, et cetera. but i do think that we should work together moving forward to try to improve the system and i think the system needs improvement. >> all right, congressman leonard lance, thank you, enjoy your week end in your district. >> thank you, you as well, chris, always a pleasure to be with you. >>> i'm joined by congresswoman karen bass, democrat from california. have you ever -- you're smiling. have you ever seen anything like this? >> well, we did a few times before, right? over the debt ceiling, over the budget. there were several times. but i think this was just a real mess and i was actually surprised, frankly, that paul ryan miscalculated so much because he knew the challenges of the freedom caucus but i am so glad and i just want to take a second and give a shoutout to all the people in indivisible that went to town hall meetings, the resistance fighters, because this was an important lesson to understand that your activism, your participation counts and i hope they celebrate, rest for

and we just heard the commerce secretary. what do you think? the white house does because initially they were against it. and now it sounds like he's for it. and so i guess we have to see what takes place ultimately. i don't think that though we're looking at it from the viewpoint of the consumer because, you know, the new york fed was not supportive of it. and it could be dangerous for consumers because it could raise prices for consumers goods. but what the president will do or not do who knows. he's contradicted a number of his secretaries before and he's contradicted himself before. >> are you worried about constituents paying more at walmart? could it be offset by lower income tax? >> well, yeah, i am worried about them paying more. i'm also worried about the theory because, you know, in order for the b.a.t. tax to be successful from the way i look at it and understand it, the value of the dollar has to go up substantially. in fact, most will say it has to go up at least 20%. and there's a lot of factors that takes place for that to happen

on here and the city was an early adopter of the railroad, so it was a big center of commerce and trade and gives you a sense of the range of different shipping coming in, but the bustling port city nature of wilmington in the 19 century before the civil war. -- and 19th century before the civil war. our cities tour staff travel to wilmington, north carolina to learn about its rich history. learn more about wilmington and other stops on the tour at c-span.org/citiestour. c-span american history all weekend, every weekend on c-span3. hedgeone working at any fund involved in short-term trading, meaning every day coming in and trading stocks. all want and it, a common term in the industry, they want edge. this white edge is useless for their purposes. there is the gray zone. and the black is clearly inside information. ,nnouncer: sunday night on q&a the insider trading case against hedge fund manager stephen cohen and her book "black edge, inside information, dirty money, and the quest to bring down the most wanted man on wall street." >> the two central characters at the heart of the stor

the amendments in the commerce committee did as i had suggested, no denial of coverage, et cetera. but i do think that we should work together moving forward to try to improve the system and i think the system needs improvement. >> all right, congressman leonard lance, thank you, enjoy your week end in your district. >> thank you, you as well, chris, always a pleasure to be with you. >>> i'm joined by congresswoman karen bass, democrat from california. have you ever -- you're smiling. have you ever seen anything like this? >> well, we did a few times before, right? over the debt ceiling, over the budget. there were several times. but i think this was just a real mess and i was actually surprised, frankly, that paul ryan miscalculated so much because he knew the challenges of the freedom caucus but i am so glad and i just want to take a second and give a shoutout to all the people in indivisible that went to town hall meetings, the resistance fighters, because this was an important lesson to understand that your activism, your participation counts and i hope they celebrate, rest for

the commerce secretary not saying whether trump will address the trade deficit in those meetings.he white house adding, the executive orders and their timing for today are not directly linked to the chinese president's meeting. trump called out china many times during the campaign for what he calls is damage to the u.s. economy. he argued china caused the loss of millions of jobs especially in manufacturer. he tweeted, the meeting next week will be a difficult one, in that he can no longer have massive trade deficits and job losses. american companies must be prepared to look at different alternatives. which is a different discussion all together. what is interesting, we're seeing new partisan divide on how the u.s. government is going to handle china. we haven't seen it in a long time. china watchers are saying both parties have generally been on the same page regarding how they handle china. the consensus is fracturing as trump preparing to meet with xi jinping next week. there is discussion about a trade deficit, as well. not the key indicator of a healthy economic relationship

>> so the administration has to send a letter to congress to notify lawmakers that it wants to gin those negotiations. commerce secretary wilbur ross was on cnbc earlier today, he says he hopes to send that letter to congress by the easter recess, once that happens, there will be a 90-day waiting period. secretary ross says he believes the talks could be wrapped up within a year. we'll see what happens. >> indeed we will. elon, flies to see you agains a always, thanks, for joining us. >>> rumbling just beneath the market is russia, some call eight significant geopolitical risk to global stocks. today jeff can you domore had a chance to talk directly to the leader of that country, vladimir putin, while chairing a panel at the international arctic forum in russia. >> reporter: this russian organized international optic forum is primarily about showcasing energy resources in the arctic and showing russian fans for developing this region whilst taking care of the environment. but while i had the opportunity to question the russian president, i asked him about the ongoing investigation in the united states as to wh

from the stonebridge group, former secretary of commerce. 's get a check on where the markets stand with abigail doolittle on the latest. abigail: on this last day of the quarter, not a lot of action for stocks in the u.s.. slipping averages all between small gains and losses, right around even. we don't have it on the board, but the vix fear gauge is up 7% on pace for the biggest surge since march 21 when there is the big cell overstocks. to the point -- the big sell over stocks. 290.at g #btv the trading average on the day is less than seven points. again, not a lot of action here on the last day of the quarter. what a quarter it has been for stocks. this is 7344. the s&p 500 up six quarters in a row. a nice winning streak there. it looked for the nasdaq, a real performance of about 10% on the quarter by some of the big tech names. -- a&g.ngie, russell 2000's of about 2.3% on the quarter for the smallest quarterly gains since june of 2015. that is the small-cap index that led out of the election. a big piece of the trump trade. the fact tha

on here and the city was an early adopter of the railroad, so it was a big center of commerce and trade and gives you a sense of the range of different shipping coming in, but the bustling port city nature of wilmington in the 19th century before the civil war. >> we are standing next to two old jail cells that date act of the 17th or knees. they are some of the oldest structures here in wilmington. going up, we're going to inside this old colonial home and take you on a tour. >> it is a small colonial out post. this would have been the outskirts of town. anything above fourth or 5th street would have been the wilderness. it was kind of a seedy little town. a lot of sailors coming in about. we had poverty here. on this property on the corner was three stone and brick buildings that we still have today that have been incorporated into the property and the house. you had general population, a subbasement that is underground for the more grievous crimes like murder and horse thieving, and debtor's prison. we also have mostly intact the jailers quarters where he and his family would have li

when airports build around the country looking at commerce, we are not talking about opening commercee before but infrastructure building. we talk about 60 dilapidated system. and this is going to be stuck from the federal deficit which has got to get under control at some point. dagen: the idea is it is a public-private partnership that would be trillion dollars in us borrowing. a lot of the money would come from the private sector, companies moving their money back onto us shores. >> does anyone remember president obama's stimulus package to infrastructure, the white house is saying we need to fast-track this bill, there are a number of dilapidated highways, freeways and bridges that need to be fixed but you can't fast-track it through, we have to make sure there are a bunch of political paybacks in the bill like there were under the to me was package and the bridges never got fixed. we have to make sureill is going to go. arthel: dagen: one of the criteria laid out by the trump white house is there has to be a 90 day start time if the states get any of this money you got to break d

the ninth circuit rejected or placed a on this executive order, because of commerce. they're saying is because there visa -- the main reason, was because the commerce clause. the rejection was because by holding back people who had valid visas, it was hurting businesses in that region. they removed that, and that's the one that will make the difference. >> harris: part of the language yesterday that came out that we didn't digest as it was happening contemporaneously, this also attempts to strike down the original executive order. which effectively, legally i should say, wipes away those challenges. does it do that is a big question and it doesn't correct the wrongs that were there versus the green cards? >> eboni: it still has problems. when you listen to the whole ninth circuit argument and the questions coming from the bench which are really important. you're right, eric, some of the rhetoric coming off of the campaign of donald trump will still hurt him ultimately. >> harris: we are only talk about the efficacy of the order. >> eboni: the bench will say it's time

senator booker gave wilbur ross, the commerce secretary, until today to explain his connections through that bank or otherwise to another major bank of cyprus shareholder who also happens to be the russian oligarch who did this otherwise inexplicable real estate transaction with donald trump in palm beach a few years ago which netted president trump over $50 million in profit. the deadline for commerce secretary wilbur ross to respond to the senator's inquiry about that was today. we can further report that the commerce secretary has given no response to that letter. we can also report -- and this is definitely new, this has not been reported elsewhere and this is potentially a big deal -- we can report exclusively tonight that there is more turmoil beneath the surface when it comes to another criminal investigation of another bank that has been implicated in multibillion dollar russian money laundering. a bank that happens to be the single largest lender of any kind to donald trump himself. of course, we haven't seen much of his tax return but from the president's only financial disclo

also this month the secretary of commerce wilbur ross elder press conference announcing that chinese corporation has agreed to a record high combined criminal and civil penalty of $1.19 billion after the company illegally shipped telecommunications equipment to iran and north korea in violation of sanctions. this civil penalty is the largest ever imposed by the commerce department bureau of industry and security, and pending approval from a federal judge, the combined penalties between the commerce department department of justice and the department of treasury would be the largest fine and forfeiture ever levied by the u.s. government in such a case. this sediment tells the world that the days of u.s. sanctions regime or violating u.s. trade laws are over. president compassed me to ending the disrespect of american laws and american workers. so back to the schedule for a second. this morning the president received his daily intelligence briefing. he had lunch with senator lindsey graham of south carolina who will be continue to be an important partner as a president nominee for the s

companies that bring the action. if commerceon, there's no reprisal they can take against us, so it becomes a little of a heat shield for our corporations. >> and as we understand it, there may be some executive orders on their way that would also improve the enforcement that you have today at commerce, so, for example, it could make commerce powerful by going after china for being the currency manipulator opposed to libelling them as being one. is that a fair characterization of what else is coming down the pipe? >> well, it's been my practice since i was back in the private sector not to comment on rumors. we will be happy to comment on fact. we're not going to comment on rumors. >> understood. all right. let me go back to the letter, then, on the second page it talks about how there's the desire to seek to level the playing field on tax treatment. this seems to be a key part of all of this. in other words, does this mean that if there's a 16% value added tax, we'd impose on them a border adjustment tax of 16%? >> no. what tha

that is the commerce clause, the nonsleeping, the nondormant commerce clause. but we have they are sleeping thing over here. and it's the product of judicial interpretation that suggests that sometimes even when congress hasn't exercised its powers under the commerce clause, states infringe congress' authority by stepping into the regulation of interstate commerce themselves a way that congress has not prescribed would still offend congressional authority. that's the doctrine. senator crapo: that's how i understand it as well. and i realize you may not be able to go much further in discussing your feelings about that doctrine, but if you can, i welcome you to. judge gorsuch: senator, i have tried to make clear today that my feelings respectfully on any of these topics are things i try to leave behind and try to take the facts, law and precedent before me very seriously. i come here with no agenda but one. no promises, but one, to be as good and as faithful a judge as i know how to be. that's it. nd i can't promise or agree or pledge anything more than that to th

confirmed this when he appeared before the commerce committee earlier this month. and no matter what happens with this resolution, the f.t.c. will continue to have its authority to police the rest of the online world. mr. president, it's my hope that once the senate passes this resolution, the house will move quickly to take it up and to send it to the president for his signature, because before our country can get back on the right track, we must first move past the damaging regulations adopted in the waning days of the obama administration. mr. president, i want to thank senator flake for his leadership on this issue. without his tireless efforts we would not be here today standing ready to move decisively toward a better future for the internet. mr. president, i urge my colleagues to support the resolution that we will vote on tomorrow at noon. mr. president, if there is no further business to come before the senate, -- first off, mr. president, i ask unanimous consent that the appointment at the desk appear separately in the record as if made by the chair. the p

in 2016 the house in a bottom-up way set a working group together, the commerce committee, the ways and means committee, the education and work force committee, and any other member of congress who cares about this issue participated in a working group to come up with a plan for what we would replace obamacare with. much of it was modeled off the tom price legislation. which we as conservatives have seen as the gold standard for replacing obamacare. he's now the secretary of h.h.s. that is the bill, the plan that we ran on in 2016, we told america, here's our vision for how we replace obamacare, after we repeal obamacare. that's the bill we're working on right now. that's the bill we're working on with the trump administration. we're all working off the same piece a of paper, the same plan. so we're in sync. the house, the senate, and the trump administration, because this law is collapsing. and you can't just repeal. it you have to repeal it and replace it with a system that actually works and that is exactly what we're doing. i'm perfectly confident that when it's all said and done, w

speaker, my folks were not up at 4:00 in the morning watching the energy and commerce committee. d i would tell him further that he said the bill was now online and people had an opportunity to read it. perhaps, mr. majority leader, mr. speaker, is why the affordable care act is now got more support from the country than it has had at any time since its existence. 49% of americans now like the affordable care act, perhaps the reason it's happening now is they've had the chance to see the alternative the republicans are offering on wednesday. this bill that they offered is going to significantly raise, i will tell colleen, her out-of-pocket expenses. and yes, under their bill, the c.b.o. says that perhaps the premiums will go down. why will the premiums go down? why does insurance go up and down? because the risk goes up and down. and the greater the risk, the more the cost. but if you don't allow people who are sick people to get into the system, because they can't afford it, then the risk goes down. and when the risk goes down, and you shut people out of the system, and 24 millio

.) >> the san francisco chamber of commerce president and coo cal i can't heart. >> (clapping.) >> the bay area business dell christian and from the united airlines mike hannah. >> (clapping.) >> there are also some people in the audience to be recognized we have the president of the chinese chamber of commerce mr. chang >> (clapping.) >> the chief the protocol mr. smurlths honored to have he hear and from the united airlines melinda franklin okay. >> (clapping.) >> we would like to bring up to the podium the president and cfo for the warriors mr. rick wells mr. rick. >> (clapping.) >> thank you, thank you great day rick also nice to have you been part of this so we're here today to announce the rosemary i warriors will be making their third trip to china this october 2nd games between the minnesota tinder wolves in shanghai we'll be the nba team traveled to china more than any other tomato in the history. >> (clapping.) >> the first change to go there and hear amazing things our second trip to our sister city shanghai we'll get to visit the nba in hits desirability is such a global tr

the table -- >> we're back live to the energy and commerce committee. that was from earlier today when they gaveled in. they're still waiting for chairman walden to come into the room. frank pallone, the ranking democrat, is in there. a number of others too. the house is done for the day, the house itself, after four motion to adjourn votes. the final one finally sticking, and democrats successful in adjourning with the help of republican votes, by the way, on adjourning the house for the day. in that regard it allows both of the committees to focus on the markup this evening. the ways and means committee is in. you can follow that over on c-span3 and also on c-span.org. here, energy and commerce in what "politico" reported is expected to be a session that goes all night. we shall see. live coverage here on c-span. >> well, all the players are there. that would be the chairman, greg walden. and the ranking democrat, representative pallone. but they're waiting to gavel back in. energy and commerce hearing the markup session, i should say, on the republica

the energy and commerce committee marked up more than 27 hours, the ways and means committee, 18 hours. that's collective 45 hours of debate and deliberation. this is regular order. this is the committee and our members at work. just what the american people expected from their representatives. the work will continue next week under the leadership of chairwoman diane black in the budget committee. i want to put this work in perspective osmba macare is failing. -- obamacare is failing. we cannot do nothing. it would cause more harm and hurt for the american people. additionally, repealing this law without the replace poolcies the committees an conferences have worked on would be just as damaging. as i said, this is step one in a three-phase step. first i'd like to bring up chairman walden. mr. walden: thank you, leader. it's great to have the markup behind us. i think our committee did incredibly important and good work. we had an open process where everybody that had amendments could offer them and did so. and we came to, i think, a very good work product at the end. but this is major

>> host: tree into a fight on c-span2 this morning at the house-senate jay commerce committee continues its work to repeal and replace the affordable care act. hearing you can watch on c-span is now stretching towards the 21st i was dozens of amendments still waiting to be considered. meanwhile, another house panel backs up his work on the healthh care bill after 4:00 a.m. this morning after 18 hours of work. this morning on our program we want to hear your thoughts on this marathon committee hearing in republican effort to overhaul health care in america. give us a call. though my throat being. (202)748-8000. republicans (202)748-8001. independent (202)748-8002. facebook.com/c-span. very good thursday morning to you. the headline in the helen is paper this morning released on their website, 24 hour mark on markup and gop obamacare repeal bills. the house energy and commerce committee which again you can watch on c-span if you want to see what's happening right now. the latest countless days at least four dozen amendments waiting to be considered since midnight, half a dozen roll call v

senator booker gave wilbur ross, the commerce secretary, until today to explain his connections through that bank or otherwise to another major bank of cyprus shareholder who also happens to be the russian oligarch who did this otherwise inexplicable real estate transaction with donald trump in palm beach a few years ago which netted president trump over $50 million in profit. the deadline for commerce secretary wilbur ross to respond to the senator's inquiry about that was today. we can further report that the commerce secretary has given no response to that letter. we can also report -- and this is definitely new, this has not been reported elsewhere and this is potentially a big deal -- we can report exclusively tonight that there is more turmoil beneath the surface when it comes to another criminal investigation of another bank that has been implicated in multibillion dollar russian money laundering. a bank that happens to be the single largest lender of any kind to donald trump himself. of course, we haven't seen much of his tax return but from the president's only financial disclo

the commerce is going to do it to send a message that that activity is unacceptable and we will respond respond appropriately, vigorously, and toughly. >> and all of these activists will be showing up at your office on tuesday morning to make that case as well. >> we're talking about the reset with a rant but there are also -- we are talking about the there are iran but other issues as well. >> may be too little, maybe too much known in. it tell us about possibility of israel and the u.s. working closely together on water. >> there are many places we can bond with israel. yes on security. but technology, innovation, water, how precious that is. in california, we should solve that, yeah. cheers and applause] >> a little larger than maryland, but you don't see many republicans here. more republicans here than in california. california has actually gotten into a pact with israel because they know how precious water is but look at what innovation have been able to do. being able to bring salt water into fresh water. one thing i really want to teach california is not to wastewater and send i

next up, the house energy and commerce committee still debating the bill.udge in hawaii fast tracking a lawsuit challenging president trump's revised executive order on immigration. the move sets the stage for a quick ruling on the administration's new effort to restrict u.s. travel and six muslim majority nations. her arguments are set for next wednesday. oil prices under pressure again today. in fact, under 50 bucks. prices fell to the lowest levels in a year yesterday on news that u.s. inventories are growing more than expect it. checking prices right now, 49.88 a barrel. u.s. stock market futures today. right now down 15 after three days of selling. s&p also to the downside to the ecb meeting today and jobs report tomorrow. going, that's what's happening now. lauren: break in this morning, house ways and means committee approved and republican health care bill. joining us at the very latest. good morning. >> hey, lauren. good morning. it's unbelievable. the energy and commerce oppressing the night team hour of debate over budget reconciliation. it is un

really the two different agencies that we end up going to the most are department of commerce data and labor of bureau statistics. the industry broadly looks at many different types of data sets to determine things like benchmarking, employee wages and benefits, consumer expenditure patterns, understanding local demographics from consumers and trends and then understanding national and regional economic factors that impact investment and product selection. we have been working on a number of initiatives over the last few years where we have used government data to help us better articulate a narrative or better understand what could be happening. so for example our chief economist calls a number of different pieces of government data to forecast holiday spending and annual retail sales. that is critical because there is a certain amount of -- there is a lack of bias in government data and longevity that adds credibility and helps members and others understand. it helps us establish the role and the value of retail to the economy as employers which is an important strategic initiative f

under the neighborhood commerce section we eliminate the percentage requirement. however, if we're looking at eating and drinking uses, and you are considering, say cu, you still look at concentration of storefronts and 25%. i think the cu part is what has really been a huge hiccup for our businesss in district 4 and i know one size doesn't fit all and i agree with that statement and i think that is where this 25% actually has kind of come into place in a slightly negative way for neighborhoods like ours. where we actually want more restaurants and more concentration. this for example, 25% came up when we talked about a two-block commercial area. and one of the wonderful restaurants that was going to help revitalize part of our district almost got caught up in this; right? so for me, actually, i think eliminating the percentage is important and in the next land use and transportation committee, to see other specific controls tailored to particular ncds or districts and to put in more stringent requirements where that might be necessary, such as the mission or wher

the commerce department says gdp rose at a two-point 1% annualized pace. pending climbed at a 3.5% race. saudi aramco has chosen jpmorgan , and hsbc and what could be the biggest ipo ever. they will act as advisors on the listing. the saudi government estimates the state run oil company to be valued at $2 trillion. has agreed to hire 400 employees from blackberry to work on connected cars. that deep the relationship between the companies and will help ford built its own wireless technology in-house while helping blackberry cut costs. the canadian company shifting from selling phones to selling software. that is your bloomberg business flash. nejra: let's look at where european markets are trading, we could see a third day of gains for the stoxx 600. gains across indexes, the ftse 100 off a little bit. this is bloomberg. ♪ ♪ daytocks finishing up the in european trading. let's take you to all of the market action. gmn function. you can see quite a bit of green in the equity space. you will see green pretty much across the board. portugal of 1.8%. the fx spac

first net is an agency within the commerce department. they announced the $46.5 billion contract today. they say the network will provided police and firefighters with critical communications for their day to day operations, as well as a dedicated network for large scale disasters. all of this is expect told create 10,000 new jobs over the loaf of the contract. some encouraging news lifted the markets today. the commerce department said the economy grew more than 2% in the final quarter of last year, and unemployment applications dipped last week. the nasdaq hit a new record today. >> the oakland a's may soon be the only pro sports team left in oakland. >> our efforts are all about securing a new ballpark in oakland. >> coming up, four possible sites for a new ballpark, and when the team expects to reveal its plan. >>> one bay area county received a special grant to hello income families, but hear about the dilemmas they face. >>> a financial boost for the early head start program in contra costa county. it has been awarded a federal grant

. >> congressman eliot engel during the energy and commerce committee markup of the health care bill. >> this is one of the most important things that we're going to vote on this year and it is rushed through. and we're buying a pig in a poke because we don't have all the details. so that's why we're so disgruntled on the other side of the aisle. we don't like this being jammed down our throats and rushed down our throats and rushed down the american people's throats. >> c-span programs are available at c-span.org, on our home page, and by searching the video library.

when the department of commerce releases the monthly sales thester sale goes into the discount retailer category. commerce going into ecommerce and that's challenge because there's a big narrative, are stores dying? are the purr pay retailers going to overtake the traditional brick and mortar stores and ought of the ten cities have traditional stows, walmart, macy's, home depot and they now their consumers are going there but if you look the department of congress data you see an inaccurate reflex how the -- reflection how the consumer is shopping but a that's take macy's store sales and put in department store and the macy ecome sales and putting it in the ecommerce category if you look at department store sales you would say, well, the department store sector is struggling, but ecommerce, that's where we need to invest. go to amazon. macyry is says i don't care where you shop, whether dot calm or us. -- dotcome we need to under how to reflect the changing consumer spending behavior with what is happening today to better understand what is happening with the ecommerce, to better unders

last week, as part of the energy and commerce committee, i was up for about 28 hours in a row marking up a bill that was done all night long. at the time when we marked it up, we thought it was a bit silly because the bill hadn't been scored by the congressional budget office so we had no idea what it cost. and it was like buying a pick -- a pig in a poke. how could you you decide whether something is good or not when you don't know what the cost is and you know since we don't have unlimbed funds, if something costs more we have to pull it out of someplace else. we voted on a bill, it was on strictly party line vote, the bill passed. shortly flaffer, the congressional budget office scored it and i think it was, frankly, from my vantage point a disaster for the bill. now, what i think this congress should be doing is i think we should fix the affordable care act or obamacare. there are many many good things in obamacare in the health care bill, in the health care act, that has now been here for many, many years, but there are also some problems with it. you know every major bill that h

it will be the energy and commerce markup all of that live on the c-span markups. back to the senate floor this earlier. rob portman came to the floor to discuss the recent rise in opiate abuse and addiction. he. he spoke for about 20 minutes. >> this is the 32nd time i've come to the floor in the last year to talk about an issue that unfortunately is getting worse, not better. that's the epidemic of opiates, heroin, heroin, prescription drugs and now synthetic heroin. every single day

the commerce secretary was en the speech last night. the president speech getting traction on social media, becoming the most tweeted about state of the union or address to a joint session ever with 3 million tweets. penguin random house has signed the obama's to a crative book deals, they plan to write about their time in the white house in two separate books, the financial times reporting that the publisher will pay more than $65 million for global rights. no confirmed date as to win the books will be released. coming up at noon, like a scene out of dukes of hazard, a truck goes airborne in louisiana. why the person behind the wheel went from driver to daredevil. christians around the area celebrating ash wednesday, where you can go get your ashes on the go. wet weather headed our way, how bad will it get? we will check in with them but first, angela foster. heard, julie wright has told you the big traffic issue for this midday is the closure on iq 70 northbound through gaithersburg, let's head to the traffic lane cameras and give you