you approved up to a billion dollars and a constrain s trategy. it is not off the table that we will do that in an index format rather than generation. as a coincidence the timing of which we got the opportunity of very limited opportunity to invest in generation flag ship product, we basically said this is even better than a 50% carbon constrain strategy. we didn't say the reason we're recommending generation is because they will maintain a minimum level of 50. we basically said the combination of a $300 million commitment to generation and $500 million commitment to the goldman sachs carbon constrain index give us better than 50% reduction for that $800 million. you've not approved the additional money for cartca. all we committed to is half billion dollars. which is half through the target of index strategy to reduce carbon emissions by 50%. in the meantime, we brought you a separate recommendation tat was not true through an rfp or rfi. we would be interested in participating in a flagship. when it became available, we brought it to the board

it was a term introduced in the 2017 national security trategy. and then on the column here is he over 50 acts policies and practices that china engages in in order to promote its economy worldwide. if you can say that one picture is worth a thousand words, this matrix is worth about half a trillion dollars a year that contributes to the trade surplus of china using these various acts, policies, practices. most of which are outside the bounds of the international trade order. but before i do that, let me just step back for a minute and talk a little bit about the administration's trade policy and trade philosophy. the president, president donald j. trump has made it clear that he's a free trader. he's made it abundantly clear or this administration, free trade means trade that's free, fair, reciprocal and balance. free, fair, reciprocal and balance. in a world where we had free, fair, reciprocal and balance trade we would have zero tariffs. we would have zero nontariff barriers. we would have zero subsidies to ndustry. we would have zero incidents

, i would favorry the trategy. i'm wondering what the conversation is about the midterms. we saw a huge upset with joe crowley out to leeaning challengers, the first in four years. where does the democratic party have to move to to revitalize a base? >> i don't think the question is well phrased in terms of left versus right. what we need are candidates with ideas creating universal prosperity. down areof trickle over. i think one can have -- one can policies trickle-down and make an approach that recognizes that we all gain from having a strong economy. >> we need a new lexicon. our thanks to larry summers for joining us. caroline: great conversation. let's look at the time for futures in focus. ining me, alof her sloop -- all over -- oliver. about supply fears, about the cut down on iran. higher overcontinue the intermediate term. which an acceleration showed a draw down of 9.9 million barrels. much larger than what analysts were expecting. the path of priests -- least resistance remains higher. we got that news from the white house with regards to tightening things with

secretary ross: the basic trategy is to try to bring enough pressure on parties who are not behaving appropriately so that they conclude that the alternative of continuing their present behavior is going to be ore painful to them than acceding to the requests that we have made that they honor intellectual property. as to the importance of intellectual property, the president is extremely committed and so am i, and in fact yesterday we had an historic event. he president signed the 10 millionth patent issued by the united states. that's almost half of all the patents that have ever been issued in the entire world. more than half of the 10 million have been issued since 1985. so the pace of patents is growing very, very rapidly. and that's good. but it's only good if we can force other nations to honor them and not abuse them, not force technology transfers, not steal through cyber security, north do all the horrible things we're -- not do all the horrible things we're all aware are being done. the only method we could think of, we tried negotiation. i, myself, have been four or five t