u.s. treasury department calls reckless disregard for u.s. sanctions on russia while secretary of state rex tillerson was the oil giant c.e.o. this lawsuit was brought by the u.s. treasury department for this fine now it claims that the oil giant violated sanctions against russia when it signed contracts in may two thousand and fourteen with russian oil magnate igor sation chairman at the time of government owned energy giant rosneft us had blacklisted sation now the company says that the treasury had permitted an american c.e.o. to attend a board meeting with station as long as it wasn't related to stations personal business the treasury department disagrees arguing that it never said there was an exception or carve out for the professional conduct of designated or blocked persons exxon sued the us government to stop this fine. and dozens of workers visas classified as age to be have been requested from the labor department by the trump organization it would grant foreigners the right to work at two of the president's private clubs in florida

u.s. treasury department said this network of front companies directly supports north korea's weapons of mass destruction program. department of treasury also said north korea is a threat to the u.s. financial system. our legislation will target these intermediaries and facilitators, imposing mandatory sanctions and finds on the banks, companies, and financiers that conduct business with north korea. we intend to present a clear choice. you can do business with us or you can do business with north korea, but you cannot do business with both. the penalties are escalating, allowing foreign firms the chance to change course and stop working with the north korean regime. this model is patterned after the iran sanctions legislation which we both supported, which passed in 2010 and 2012, which were critical in getting iran to the nuclear negotiating table. we believe the secondary sanctions will show the united states is serious about cracking down on those who refuse to stop doing business with north korea. the sanctions will force governments and the private sector to ensure they are conducting e

u.s. treasury department fine for violations of sanctions against russia.ys the oil company broke sanctions by signing given .ussia the violations are have said to have occurred in may 2014 when rex tillerson was ceo. microsoft turnaround plan got back on track in the latest quarter with rising sales. offered in the fiscal fourth quarter exceeded expectations. that is your bloomberg business flash. manus: thank you very much. the ecb indicated it would soon take steps toward ending its stimulus program. mario draghi was careful with delivering and overly hawkish message that he would tighten financial conditions. anna: he said the financial bank is not -- the central bank is not there yet on inflation. take a listen. the very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline and inflation developments in the medium-term. say,e aware, as you unanimous in communicating no .hange to the proper guidance also in setting a non-precise date for when to discuss changes. we only

u.s. state treasury department and it has failed to prosecute them. at least one high ranking qatar official provided support to the mastermind of the 9/11 terror attacks against our country. of course, a u.s., eu and un terrorist for his role in financing al-qaeda and the 9/11 mastermind. in 2008 he was tried and convicted in an sen see yeah for his terrorist activity and arrested later that year by qatar to be released by the qatar six months later and openly financed. can anyone guess what he has been up to these days? he was implicated in terror financing activities in 2012. but more recently he has been alleged to be financing and supporting terror in both iraq and syria with no response from the qatar government. ha mass leader also made doe ha his headquarters for year with the qatar government support and even the muslim brotherhood has received significant support from qatar. of course, not all of this is supported by the government. many individuals and charities in qatar have been known to raise large sums of money for al-qaeda, hamass and e

u.s. treasury department reinstated sanctions over the ukraine crisis. larry: gridlock over the gop health care reform bill postpone it indefinitely. the key players expected to vote on the legislation, senator john mccain, is in arizona recovering from surgery. clot thaty the blood he had removed was more serious than they initially said. today, final preparations for the fairfax county school board. the vote was supposed to come this week, but board members say they needed more time to deliberate on a change. be sure to stick with us at wjla.com. kids at back to class, but today, parents in montgomery county, have a chance to rack up on items at a school supply sale. students and staff collect and donate items as they cleanout lockers and desks. the drive begins at montgomery high school and 9:00 a.m. renewing and remembering at arlington. sam sweeney is live. sam: good morning. the 21st annual renewal and remembrance day. landscapers and their families, specifically, come to take care of arlington. you can see some of the trucks already lining up. tak

u.s. treasury department. it was harry dexter white that was totally in charge of the bretton woods conference in 1944 which established the postwar international monetary and financial system. but i shall tell you only a little more about these fascinating characters, maybe you will then want to buy the book. alone among the big three, churchill, roosevelt, and stalin -- the prime minister would make the great travel to keep the allies together. i trying to produce misunderstandings by speaking directly with his american and russian allies. the prime minister's travel astonished his colleagues. the tireless churchill would meet roosevelt 11 times during the war. always in north america, except that casablanca, cairo, tehran, in yalta. the prime minister's courageous and constant travel by air and ship into the war zone, general douglas macarthur would write, "foreign and hostile lands may be the duty of young pilots, but for a statesman burdened by the world's care, it is an act of inspiring gallantry and val

u.s. treasury department in washington, d.c. i want to bring in ambassador michael froman into the conversation. obama's trade representative from 2013-2017. let me ask you how this dialogue is different -- i saw you in beijing. how were the contours of the structures of this dialogue different from that? there's a lot of similarity and a lot of continuity in terms of the issues being talked about. coming out of mar-a-lago, the trump admin section and china agreed to a 100 day plan. they came out with some announcements, most of which were things that had already been agreed to. hopefully the chinese will follow through on those deadlines. we will see if those issues resolved. will this dialogue get to the heart of the issues in the bilateral and more general economic relationship? things like overcapacity in steel and aluminum muff forced aluminum, transfer -- forced technology transfer. industrial overcapacity was something you talked about when you are in the cabinet. jack lew was keen to talk about it as well. we saw this we

u.s. treasury department has fined exxonmobil $2 million for violating u.s. sanctions against russia three years ago, when secretary of state rex tillerson served as the oil company's ceo. the treasury said exxonmobil showed reckless disregard for u.s. law in 2014 when it signed contracts with russian oil magnate igor sechin. the move violated sanctions placed on russia after it invaded ukraine and annexed the crimean peninsula. tillerson said at the time his company opposed russia sanctions, calling them ineffective. at the state department thursday, spokesperson heather nauert was asked whether tillerson had changed his views on russian sanctions. >> it predates his time here at the department of state. i'm going to refrain from giving any comment. >> i understand this predates his time as secretary of state, but now he is in a position in which he is part of the team that is supposed to enforce sanctions, not violate them or allow others to violate them. so i think it is relevant to know what he thinks about -- >> i would say the secretary continues to abid

u.s. treasury department has slapped sanctions against venezuelan president nicolas maduro treasury officials say the u.s. base assets have been frozen and american citizens are forbidden from conducting any business with the head of state all this comes after venezuela's president declared a sweeping victory in a vote critics are calling a fraudulent scam nicolas maduro is celebrating sunday's election of a new national constituent assembly which will have the legislative power to rewrite that as well as constitution artie's merino porton brings us the latest. as then as well enters a new legislative period the polarization violence and political conflict paralyzing the country is expected to only get worse allies of president nicolas maduro socialist party won all five hundred forty five seats in the newly elected national constituent assembly a new legislative body which will reportedly have the power to rewrite the constitution dissolve state institutions such as the opposition run congress and dismiss dissident state officials the election followed months of violent protests in venezuela

u.s. treasury department is putting an end to a savings program designed to get more people to save for retirementt in place under president obama is called my ra. it was created for folks without access to a 401k or other retirement plan with their employer. the account had no fees and no minimum depostrsury department e program's too costly. it's now advising folks to transfer their money elsewhere. >> well, the driver of a brand new dream car is seriously disappointed tonight after crashing his ferrari after owning it less than an hour. this pile of twisted metal was the lot260,000 sports car. and onto a highway in england and as you can see his joyride d completely totaled the car. amazingly he walked away but his ego suffered bruises that will last a >> he is lucky to be alive. >> all right. time for sports and it's time to talk eagles training camp sk. >> tomorrow's open practice pushed back thanks to cecily's forecast. if you were hoping to see carson wentz and the eagles tomorrow at the linc you will have to wait until sunday. the eagles have rescheduled their open practice for sunday at 1

u.s. treasury department fine for violations of sanctions against russia.il company broke ukraine related sanctions. the violations are said to have occurred in may of 2014 now secretary of state rex tillerson was ceo. vodafone has topped estimates --h his first order reagan first-quarter revenue growth. ceo said the comey psy good start to the year in europe. said the company saw that start to your in europe. that is your booze -- that is your bloomberg business flash. bring theant to viewers part of the reason why you are seeing that moving european equities. and europeaning stocks reassessing their propensity to drive higher. you want to focus on the yellow.. that is the correlation between the euro currency and the equities, back in the negative zone. we are back at -.6. this relation is important. that is your equity overtone story. we will have another conversation. we will go to johannesburg, joined by the ceo of investec. that and much more. this is bloomberg. ♪ ♪ manus: it is 8:20 a.m. in london. let's focus our sights on south africa. the first in

u.s. treasury department and their assets in the u.s.llowed to travel to the united states and you got some satisfaction yesterday at congress because several senators said there's no chance at all of the magnitsky act being repealed on their watch. >> yeah. it was very gratifying. i was testifying at the senate judiciary committee. they were talking about russian interference, talking about specifically about the campaign that vladimir putin had organized via natalia veselnitskaya and rinat akhmetshin, the two people who went to trump tower to visit with donald trump jr., how they went there to try to have the magnitsky act repealed. it was very gratifying on both sides of the aisle. democrats and republicans without -- with unanimity all pledged to me that there's no chance whatsoever that the magnitsky act will be repealed by congress. >> all right, bill, always a pleasure to have you on the show. thank so much for being with us. i believe your book has been re-released, "red notice." >> it has indeed. thank you. >> good read. it will

u.s. treasury department on thursday imposed a $2 million fine on exxon mobil corporation for what is calledreckless disregard" of u.s. sanctions on russia. while secretary of state rex tillerson was the oil giants , a finding the company said it would immediately challenge. long-standing partnership with the kremlin, despite washington levying sanctions against russia for sanctioning crimea andnnexing supporting pro-russian separatists in the ukraine. i think sessions should resign immediately. two, when i think about jeff sessions and his history, 38% of americans who happen to be white americans brothers and sisters who have been hoodwinked, bamboozled, and think they of race i are holding on simply because of race. ,hen barack obama was president i feel like just because he was black he got a percentage. trump because he is white gets a percentage. they are reluctant to say "look what the hell we have done." host: jeffrey calling in from frederick, maryland. it seems like we are regurgitating the same thing that happened with president obama. neither party wants to work with each other.

u.s. treasury department says the company showed "reckless disregard" for sanctions by signing deals with the head of russia's state-owned oil company. at the time, secretary of state rex tillerson was exxon-mobil's c.e.o. and, on wall street, the dow jones industrial average lost about 29 points to close at 21,611. the nasdaq rose about five points, and the s&p 500 slipped a fraction. still to come on the newshour: a deeper look at president trump's frustrations with jeff sessions. white house plans to scrap a program to arm syrian rebels. how the obama administration tried to safeguard state election systems against russian hacking, and much more. >> woodruff: back to president trump's comments to the "new york times" yesterday. he unleashed broadsides at top officials from the justice department, raising questions about the president's relationship with the nation's top lawyer, jeff sessions. for that, we are joined by walter dellinger. he served in the clinton administration as assistant attorney general and acting solicitor general. he's now in private practice. and former u.s. ambas

u.s. treasury department slapped new sanctions today on 18 individuals and groups tied to iran's ballistic missile program. it came hours after the state department again certified iran is complying with the letter of its nuclear deal, but not with the "spirit." we will have a full report, later in the program. in eastern ukraine, russian-backed separatists have proclaimed the formation of a new state. rebel leaders said today the new state will include areas they already control and, ultimately, the rest of ukraine. but ukrainian president poroshenko, during a visit to georgia, dismissed the declaration and called the separatists "puppets" of russia. >> they are not political figures. we are confident that we reintegrate the donbass, we reintegrate the crimea and we renew sovereignty and territorial integrity. no matter what russia said. >> woodruff: the announcement casts more doubt on the future of the 2015 ceasefire. china warned today of an "all- out confrontation" with india, in a growing border dispute in the himalayas. each side accuses the other of building up troops along a conte

u.s. treasury department for allegedly violating sanctions involving dealings with russia individuals.2014. rex tillerson was running the company at the time. he is not involved in this probe at the moment, but it is, of course, embarrassing what's going on at the moment, and the fcc looking at that. regulators looking at that complaint in a great deal of detail, and that's kind of one of the interesting things when you look at the russia-u.s. relationship. >> and just to put it in perspective, $2 million. a drop in the bucket for exxon, which i think its revenues are, like, $78 billion. >> $7.8 billion. >> a pitance for them. >> let's talk about north korea. it's a country that grew despite the sanctions imposed on it. what's driving the growth? it might catch some people by surprise, actually. >> yeah. you know, it's the hermit kim jong un, but its neighbor south korea has been tracking its economics since 1991. they're the ones releasing these numbers. we've seen a gross gdp growth of 3.9%. a lot of that is down to an increase in exports. they're up 4.6%. that has a lot to do with t

u.s. treasury department. we had one rule. follow the money. we followed the money in the nixon case to raposo's offshore bank, which we could not touch. my question is, where's trump's money? [applause] >> that is an end. >> well, i just want to say one thing. the point that i made, and it also relates to everything else going on, out of 350 million americans, hillary clinton and donald trump? [laughter] ms. stahl: i rest my case. that sums it up. >> this weekend on american history tv on c-span3, tonight at 8:00 p.m. eastern, university of washington professor compares the 1950's beat and beat mix to the 1970's. >> they were disturbing veterans of the great depression, world war ii, the holocaust and the atomic age. the hippies with optimistic children and rising affluence of the postwar consumer boom. eastern, oliver north appeared before the house and senate elect committees investigating the iran contra affair. >> american people are not made to believe by the way you're asking that question that we intentionally deceived the american peop

u.s. treasury department. had one rule. follow the money. we followed the money in the raposo's offshore bank, which we could not touch. my question is, where's trump's money? [applause] >> well, i just want to say one thing. the point that i made, and it also relates to everything else going on, out of 350 million americans, hillary clinton and donald trump? [laughter] ms. stahl: i rest my case. that sums it up. [captions copyright national cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] watching american history tv, 48 hours of programming on american history every weekend on c-span3. follow us on twitter, @cspanhistory, for information on our schedule and to keep up with the latest history news. >> sunday on "q&a." >> anybody thinking in 1962 after nixon's last press conference, 10 years later, we have a 49-state landslide? and then it all came apart. >> columnist and political commentator pat buchanan. he served as a speec

u.s. treasury department. we had one rule. follow the money. we followed the money in the nixon case to raposo's offshore bank, which we could not touch. my question is, where's trump's money? [applause] >> well, i just want to say one thing. the point that i made, and it also relates to everything else going on, out of 350 million americans, hillary clinton and donald trump? [laughter] ms. stahl: i rest my case. that sums it up. [captions copyright national cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> you're watching american history tv. follow us on twitter at c-span history for information on our schedule and keep up with the latest history news. "afterwords," a temple university professor examines gender identity in his book "beyond trans, this gesture matter"? -- does gender matter?" when were talking about transgender discrimination, i think we're really talking about something different which is about the predicate o

u.s. treasury department during the clinton administration. previously he had also served as the treasury, deputy assistant secretary for tax policy and the tax legislative council. before joining the treasury department, he served from 1995. in 97 under senator moynihan and from 1992 until 1995 as legislative counsel to the joint committee on taxation. prior to his tenure in government, he worked in the office. [inaudible] from 1984 until 1982 where he specialized in transactional tax planning. he currently serves on the board of advisors to the tax policy center and was chair of the formation of tax policy committee, the american bar association. he also currently serves as an adjunct professor at georgetown university law center. he teaches tax policy. he holds a bachelor degree from the university of virginia and the doctorate from the university of virginia school of law. next up will be mr. flynn, the tax leader. [inaudible] prior to joining pwc, ms. olson led the washington tax practice and served as assistant secretary for tax policy at

u.s. government. the treasury department has ordered all giant exxon mobil to pay 2 million dollars for violating sanctionse the current secretary of state rex tillerson wans the eo. exxon sign deals with russian firms just weeks after sanctions were imposed on russia for annexation of the crimea. exxon called the fundamentally unfair fine, and said it would sue the department to overturn the decision. for more on this, let's bring in our financial correspondent in new york. $2 million, does exxon even care? reporter: well, at least exxon said they are going to challenge the accusations, but sure enough, $2 million are not really going to hurt this multibillion-dollar corporation, and stocks traded even a bit higher. overall it was a pretty flat trading day on wall street but it was good enough for the nascar cop as it to get another record close and overall we have rather solid earnings, after hours, they came out with their earnings report and they beat estimates of wall street quite a bit on the profit. >> another story we're following tonight, the famous sears department store chain has announced it wi

u.s. treasury department that is sanctions to china. they conducting business in north korea.bout this earlier this week, the president said he would never give up as it comes to discussing this issue it working on this issue with chinese president xi. >> leland: giving a sense of what the chinese are saying about this, had they criticized the united states and relating to north korea? >> the chinese have their own complete. they flood the plane where they want the united states to give up the joint military exercises that they are running and the u.s. is running with south korea in exchange for north korea getting rid of their nuclear ballistics program. the u.s. said no to that because that's a defensive program. the joint exercises they are doing with north korea. the chinese have also criticized the united states for recent positions the trump administration has taken. in particular this morning criticizing withdrawing from the paris climate agreement and some of the rhetoric that's been coming out of the u.s. when it pertains to trade and trade deficit with china. >> lela

u.s. department of the treasury, our intel communities absolutely can identify those. the vast majority of north korean money comes from trade with china. >> why didn't this happen in the obama administration? >> i think for years under the obama administration and previous administrations it just didn't rise to a level of priority that iran did, that other issues did. so i think that there was a feeling that if it could be this -- i know that i hear the term a lot strategic patience and that's not what they wanted to convey, but i think they felt if the problem could be contained, then they could focus on other issues. >> i want to play some soundbites from earlier this year about how this administration has referred to how we have dealt with north korea. let's listen to this. >> strategic patience has been the approach of the last american administration and beyond. the era of strategic patience is over. >> it's a big problem. it's a world problem. it will be solved at some point. it will be solved. you can bet on that. >> he will not accept a nuclear power in north

u.s. treasury department can cut them off from the dollar system. the chinese banking system is a soft spot for the communist regime in beijing. china has long propped up its economy with a shaky scaffolding of dubious loans. any u.s. moves that threaten that financial system could have dire consequences. the usa today editorial board with their opinions there this morning. that comes as the defense secretary mattis cools any rhetoric on war with north korea, the paper saying that the defense secretary says the u.s. military is ready, but no closer korea.with north that on the front pages of the washington times this morning. back to our discussion with all of you about your message to congress, to the senate about health care -- there are the lines on your screen. in's go to angelina louisiana, independent caller. good morning. caller: good morning, thank you so much for taking my call today. host: so what is your message? my messages -- i'm calling as a just above the bar middle-class family, which i do not even call it that down in louisiana. we

u.s. state treasury department, and it has failed to prosecute them. at least one high-ranking qatari official provided support to the mastermind of the 9/11 terror attacks against our country, khalid sheikh mohammed. then, of course, there is colleague mohammed, the u.s.-eu, and u.n.-designated international terrorist, or his work in financing al qaeda and the 9/11 masterminds. the 2008, he was tried and convicted in absentia eyebrow reign for his terrorist activities. he was arrested later that year by qatar, only to be released by the qataris six months later, and then openly financed by doha. can anyone guess what khalifa mohamed has been up to? he has been alleged to be financing and supporting terror in both iraq and syria, with no response from the qatari government. michelleder khaled 's headquarters for years while the qatari government support, and even the muslim brotherhood has received significant support in qatar. of course, not all this is doharted the government in . many individuals and charities in qatar have been known to raise large

u.s. treasury state department and has filed to prosecute them. at least one high ranking qatary official provided support to the mastermind of the 2011 attacks to our country. and then of course there is culeaf mohamed is an u.s., eu -- in 2008 he was tried and convicted for his terrorist activity and arrested later that year by cutter only boo tee released by the cutteries six months later and then openingly financed. can anyone guess what culeaf mohamed has been up to these days? more recently he's been alleged it be financing and supporting terror in both iraq and syria with no response from the qatary government. while the qatary's government support with the support and even the mohamed brothers regime has received support. many individuals and charities in qatar have been known to raise large sums of money for al qaeda, hamas, and even isis. in qatar there are three buckets. terror financing by the government, terror financing done in qatar done by their own citizens that the government may not know about, and terror financing in qatar that

u.s./china agreement ended without any agreement. the annual talks held this year at the treasury department had a particularly contentious toechblt treasuryteve mnuchin called on china to allow more access for u.s. firms and blamed the trade gap on chinese government intervention. >>> housing starts jumped 8.3% last week, the strongest pace in four months. home building surged in the northeast. stunning 83%, 22% in the midwest. the gains ended three straight months of declines. the new construction has been unable to keep up with demand. >>> amazon is now in the social network business. amazon spark is focused on shopping and only available to amazon prime customers. spark is currently available on amazon's iphone app and android versions are flanned. >>> and there's enough plastic waste in the world to bury manhattan in more than two miles of trash. sense 1950 more than 9 billion tons of plastic has been manufacturing. that's according to a science jushl study. since they don't break down, three quarters end up as waste in landfills. china makes the most plastic flouled by europe and north america. anne-marie. >> hena daniels at the new

u.s. is fining exx exxonmobil. the treasury department is slapping a $2 million fine on the company saying it had reckless disregard for the russia sanctions. that comes after a meeting between this man and the company. he's a close ally of russian president vladimir putin. his assets were blocked in 2014 in sanctions on russia for annexing crimea. it did not name tillerson in the suit. he has personal business dealings. this move raises concerns over his deep business ties in russia. exxon says the fine is fund m t fundamentally unfair. they filed charges with steven mnunchin. >> the treasury versus the state department? >> versus exxonmobil. >>> o.j. simpson will be a free man. >> i've done it as well as respectfully as i think anybody can. >> a nevada parole board agreed. more on when simpson will go free and what's next for the former football star. then add a hotel, or car, or activity in one place and save, where would you go? ♪ expedia. pcountries thatk mewe traveled,t what is your nationality and i would always answer hispanic. so

u.s. said it will impose more sanctions against the president personally. what does that mean? >> accordingng to the u.s.s. department o of treasuryt the office of foreign asassets conol -- the u.s. has frozen any assets for bank accounts associated with him in the u.s. this is the latest sanction against his government. there were worries that sanctions would target the oil industry. a looming threat that would really affect the entire country. from what we are seeing a sanction is directed at the individual. the u.s. said they would not impose sanctions after the election, and they have donene . gerhart: venezuela's attorney general says she will not recognize the new assembly, calling it an expression of dictatorial ambition. whatatre the implications ofof thth? oscar: the attorney general was loyal to hugo chavez. the fact that she has become critical in the last few months means they have lost a branch in government that they used to contntrol. she is also a symbol of the internal discontent. she has become the number one target of this constituent assembly and she remains defiant , saying she will stay in her position. she e

u.s. considered to be a sham in a rather unusual move against a foreign leader the treasury department is freezing any of those assets subject to u.s. jurisdiction and bars all u.s. persons and companies from dealing with him claimed victory in sunday's vote to form a constituent assembly a legislative super body that has the power to draft a new constitution for the country the opposition boycotted the vote and refuses to recognize the results the day was marked with protests and violence the country's chief prosecutor's office reports at least ten people are dead from the day's clashes called the election the greatest constitutional victory in the history of venezuela and says the new legislative body will be a place for dialogue with those who want peace he's repeatedly blamed president donald trump in the u.s. for his country's unrest claiming america is trying to orchestrate a coup in response to the election the us state department announced they will continue to take strong and swift action against the architects of authoritarianism in venezuela including those who participate in th

so, the treasury department, as we understand it currently authorizes u.s. banks to finance the sale of aircraft to iran air: well, in a committee hearing in april, we learned that airline, iran air flew 114 flights from iran to syria during the jcpoa, likely as an airlift in support of the syrian regime's atrocities. mr. secretary, can you certify to us today that iran air has ceased all sanctionable activities and if not, will the department redesignate this airline an action that treasury admitted is allowed under the jcpoa? >> so, thank you very much for your question on that. first, let me say specifically on iran air in this public format i don't want to comment on them specifically. we do have intelligence information that i would be prepared to share with you in a private setting. but what i would say is that responsible for granting licenses for aircraft as you've mentioned, both the boeing sale, as well as the airbus sales will require additional ofac licenses and that's an issue under review and part of the national security review of the jcpoa. >

of russia's oil company, it was blacklisted by the treasury department in the wake of russia's annexation of crimea. signed at less than a month after u.sband companies from doing business with him. just hours after the fine was announced, exxon mobil hit back calling the action of the treasury department's office fundamentally unfair. retroactively -- he is inconsistent with explicit ambiguity guidance from the white house and treasury. >> he says sanctions targeted his personal access and not his role at rosfnet. since sanctions have been imposed, the american oil company said it has lost over $1 billion in revenue. >> a look at of the markets on the last dutch rating this week and are digesting yesterday's news that the central bank will not be change of monetary policy in europe, the. was flat. if you got -- it was flat. paris' cac and frankfurt dax is down. whileyear high, a short ago it was up against the dollar which is dropped amid turmoil in washington. analysts say it would break 120 by the end of the year. time to look at other business news we are following this hour. the federal trade commission is looking into allegations

u.s. department of the treasury. before that as a fbi counterterrorism analyst. we are glad to have you back with us today dr. leavitt. finally i would like to welcome elon goldenberg is a senior fellow and her of the middle east security program at the center for a new american security. prior to cnas mr. goldberg served as the chief of the staff to the special envoy for israeli-palestinian negotiations at the u.s. department of state from 2012 to 2013 mr. goldenberg served as a senior professional staff member on the senate or in relations committee covering middle east issues. in that capacity he acted as one of the elite directors of the serious transition support act which provide additional authorities to arm the serious opposition. the bill passed the senate foreign relations committee in may of 2013 and i thank him for being here with us today. doctors schanzer we will begin with you for your opening statement. >> madam chairman ranking member deutsche members of the subcommittee on behalf the foundation for democracy thank you for the opportunity to test

seemed to be working and we took those sanctions off, one of my big questions is, is the treasury department, the u.sthe net of sanctions against banks to try to cut the flow of money to north korea, they need dollars to continue their ally kit activities which feed their nuclear program. maria: steven mnuchin, treasury secretary said he's spending 50% of his time of sanction situations whether it be north korea, russia, china. lee, should the president be talking about this kind of world news or should hestick to his agenda when he's talking to the people of poland? a lot of people asking me about america's business s this the place to tout his agenda, do you think? lee: listen, he has to do a little bit of both. there's so many issues that people are concerned about, whether it's north korea, whether the trade issues out there. that's a real reason why he's over there to talk about these thicks. it's important to tie that back to american people and ties it back to his message, ties it back to his agenda and continuously hammers home the america first notion first. that's what his supporters, that'

u.s. the department of defense will have to play defense but the real offense here is going to be the u.s. department of treasury imposing sanctions on north korean illicit activities. >> and our missile test overnight provocative as well. the general who's in charge in south korea says this was designed to be a precision strike at enemy leadership. >> george, first thing if you look at, why would the u.s. launch these short-range missiles in response to a long-range missile? but general brooks' comment this morning was very clear. this was a demonstration of precision fires targeted at the north korean leadership. kim jong-un needs to remember that he is target number one in the event of hostilities. >> stephen ganyard, thanks very much. amy. >>> the showdown with north korea happening at the very same time that the president takes on world leaders at the g20 summit. abc's jonathan karl at the white house with the latest on those high-stakes meetings. good morning to you, jon. >> reporter: good morning, amy. with a russia investigation swirling around this white house for months, no meeting on this trip will be