general scaparrotti, i am very concerned about our submarine undersea warfare capability force. i know you're very much aware of it. you've been asked about it. the continued building of our virginia class at the rate of two a year at some point will child finally with the ohio replacement program. in my view, we need to continue building those two virginia class submarines every year. "the new york times" story that's been mentioned to you in the course of this morning is only the latest evidence of the increased emphasize of our adversaries on undersea warfare capability, not just the russians but the chinese. i think in the course of that, article 1 of the comment from one of our military leaders was we are back to in a sense the cold war competition undersea. i would like to know your views and, general richardson, if you want to comment, you're welcome to, whether this program continuing our building of two virginia class submarines every year with the ohio replacement are important, in fact, vital to our national defense. >> yes, senator. i defer the numbers et cetera to t

. >>> the search for egyptair flight 804 goes undersea. >>> well, good monday morning to you. i'm betty win are nguyen. president obama announces that the u.s. is lifting the long held arms embargo with vietnam. the president arrived in vietnam overnight for his first day in a three-day visit. trace trace rr how big of a deal is it? >> reporter: it wipes away one of the last elements of the cold war but it does not mean that the u.s. and vietnam are on the same page on everything, namely human rights. despite lingering concerns about human rights, this morning president obama announced the u.s. is lifting its near decades long arms embargo with vietnam. >> this will insure that vietnam has access to the equipment it needs to defend itself. >> reporter: and it eases vietnam's reliance on russia and they announced new investment in vietnam. new planes from boeing, engines, totaling $16 billion and the white house says new jobs. >> new companies and new jobs being created constantly. so, the united states wants to be a part of that. >> reporter: there are still concerns about hum

we presently have dominance undersea. and i don't believe we should pace it, we should maintain that dominance. it's critical to our security. >> i want to thank you both for your leadership and distinguished service and especially your families, as well. we appreciate it. >> thank you very much. i echo the sentiments of the members of this committee and thanking you, general scaparrotti and general robinson for your service to our country and of course that of your families. and of course general robinson, it's good to see you. thank you for your services in hawaii and leading the pacific air forces and we're very proud of you as being one of the 100 most influential people in the world. general robinson, you noted that one of the biggest concerns that you have is with homegrown violent extremists. what would be -- if confirmed, what would be the steps that you would take to protect our country against homegrown violent extremists? >> one of the things that is incredibly important in that is sharing of intelligence acros

facebook and microsoft are teaming up to build an undersea cable. it will search 4100 miles.esigned to have a bandwidth of as much as 160 terabytes per second, the highest capacity of its kind. begin inion will august and is expected to be completed by october of next year. that does it for this edition of "bloomberg west." tune in this weekend for "the best of bloomberg west." you will see all of our great interviews of the week. have a wonderful long weekend, everybody. we will be back on tuesday. ♪ >> from our studios in new york city, this is "charlie rose." charlie: we begin this evening with politics. a report delivered to congress yesterday, the state department's inspector general criticized hillary clinton's e-mails, saying clinton violated government policies in using a private e-mail account as secretary of state. the next are asking why she did not seek permission to use it and why she refused to cooperate with the expect for generals investigation. -- with the inspector general's investigation. clinton has refused to respond.

microsoft and facebook built a 41 mile undersea cable stretching from virginia to spain.online and cloud services to customers of both companies. it will be completed by the fall of 2017. that is the latest bloomberg business flash. companies are going on a bit of a worldwide borrowing binge . nonfinancial company debt will be in excess of 200 $36 billion -- $236 billion. we are seeing plenty of activity in europe on track for its busiest may ever. joining us now is sally bakewell .o why are companies borrowing so much right now? moment where in a we have some of the most favorable borrowing conditions on record. if you are a treasurer, you are looking around to see if you can borrow euros at 1%. you can borrow dollars at about 3%. you're going to want to lock in those kinds of rates for 5, 7, or 12 years. that is what we have seen recently with some of the biggest companies. we have had craft and johnson & johnson. we have had dell. it's not just the volume of yields we are seeing. we are seeing the emergence of long material data. they want to do these for a long time.

facebook and microsoft are teaming up to build an undersea cable to deliver fast online services to customersstretch 4100 miles from virginia beach to bilbao, spain. it is designed to have a bandwidth of as much as 160 terabytes per second, the highest capacity of its kind. construction will begin in august and is expected to be completed by october next year. that does it for this edition of "bloomberg west." tune in this weekend for "the best of bloomberg west." you will see all of our great interviews from the week. have a wonderful long weekend, everybody. we will be back on tuesday. ♪ >> the following is a paid advertisement for timeless music collection. >> it is the attitude. the killer guitars. >> ♪ american woman, stay away from me. american woman, mama, let me be ♪ mark goodman: those

admiral richardson: in terms of read looking at the requirements, the requirement for undersea capabilities, submarines and undersea capabilities, is a subset of an effort we are in the middle of right now, calling it our for structure assessment, but it is a review of the security environment that demands on u.s. navy in this particular cake, as a member of the joint force, to confront what is a very dynamic security environment. we do this type of assessment. updated it a couple of times. when we did that assessment, situations like research in russia, situations like isis were not in the calculation. when you go to the issue of pace where we have major players in the security environment, major challenges, so we are doing an assessment, is the plan for the navy the one that is best for getting to the security environment? part of it will be an important element of that study. mr. whitlock: you are seeing that the united states is going back to a great power environment. speaking broadly for the last 25 years since the end of the cold war, the navy has had freedom of navigation around the

. >> in terms of re-looking at the requirement, the requirement for undersea keep abilities and submarines and other capabilities it's really a subset of an effort we in the middle of. we call it our four structure assessment but really it is a review of the security environment the demands on the u.s. navy in this particular case as a member of the joint force to confront when is a very dynamic security environment right now. we last did this type of assessment and number of years ago. we've updated it a couple of times since then but when we did that assessment, situations like a resurgent russia, and isis were not even in the calculation you can see how quickly things are changing. it goes back to this issue of pace where we have major players in the security environment and major challenges so we are doing and assessment. is the plan for the navy the one that is best suited to deal with this emerging security environment. we will get through that work this summer. the summary part of it will certainly be an important element of that study. >> and roll if i could follow up on that, sinc

we have to consider there's an adversary ready to challenge us in the undersea domain and undersea iseporter: readiness we watched at every turn. the missouri 135 crew repeatedly train for anti-submarine warfare. they simulate firing torpedos and missiles, towards targets on sea and land. and they're constantly testing the sub's enormous speed and maneuverability. >> we are in the midst of another steep ascent. >> you hear the alarm, we approach 20 degrees. we will get to 25 degree angle. keep in mind, i am standing straight now, but as i am leaning forward, it is keeping me vertical in relation to the ground as the angle ascent gets sharper. these are just exercises, the missouri, the mighty mo has come nose to nose with real threats, in crip ee a and in syria, and when a russian sub turned up off the coast of florida in 2012, it was the uss missouri called into action to track it. >> showing hey, showing where they can go. >> i think it is operational experience, if anything were to ever happen, they have experience, they know those waters. i don't think it is a political statement

you see it in disagreements over ukraine and syria, but what's happening undersea, it's not visible.ot just russia but china, vietnam, india, much more crowded space, and we got a rare and really incredible look. >> reporter: the "uss missouri" nuclear attack submarine sailing to exercises and a deep dive off florida. the atlantic is on the front lines of a new cold war. we join for an exclusive embark. the "uss missouri" is an attack submarine. it can launch torpedos, it can launch missiles at ground targets. it can deploy navy s.e.a.l. units for special prices. it is the most advanced submarine in the world and it is facing the most advanced threat to u.s. submarine forces in decades. russia is deploying attack submarines in numbers and with aggressiveness and advances in technology not seen since the cold war. and now china, north korea, vietnam, india, and others are joining a new arms race under the sea. commodore alli lewis commands a squadron of ten. >> we were operating on places where we didn't have to rely on an adversary being there to cha challenge us. we're back to the p

experts in undersea search. going to help possibly boost this effort because the huge frustration here amongst the families. there was a meeting amongst the families and officials here in paris on saturday. huge frustration of course is that there's no information out there. we still haven't had confirmation of the cause of the downing of this aircraft, and families just want whatever information they need, and just to express how they're feeling. one of the big questions they had on saturday was did their family members suffer on the aircraft? it's a huge frustration not to have any information. also difficult for french officials because the egyptians are leading on this, and they can't really give french victims' families the information they're looking for. so that's the latest information. france offering what it can to this information. also u.s. and the u.k. as well offering their expertise. but a huge amount of frustration at this point, errol, that there's not more the families can be told. >> and that

state warriors arena just two sentences of 45 pays brief kentish mistakenly referred to the 18,005 undersean you is 80,000 sit opposite warriors or soprano >>reporter: who was a nice and dry satellite read the chart shows us the cost pressure on short right now with a close eye on the pacific that is within that system is going to come from. >>catherine heenan: the impact lab is so this cell last of the trucks and their prime deterring of indigenous to trigger potentially then the parents to the illness that region are small $13 a pill to $750 while he was in control members of the family reporter leonid already squabbling over his estate five of his siblings were in court in minneapolis to plant. >>catherine heenan: his network of supporters to be roughly $300 million new details of been revealed about his role in the movie park rain will find a corner of the got the lead role of the purple one. we need to be ready for whatever weather may come our way. my name's scott strenfel and i'm a meteorologist at pg&e. we make sure that our crews as well as our customers are prepared to how weather

we have to now consider that there's an adversary ready to challenge us and then undersea superiorityanteed. >> reporter: new threats require a new state of readiness which we witnessed at every turn. >> 2-5 and 8. >> commence launch. >> reporter: the 135 crew repeatedly train for anti-submarine warfare. >> fire! >> reporter: they simulate firing torpedoes and cruise missiles from depth towards targets on sea and land. >> torpedo course 337, unite running. wire good. >> reporter: they're constantly testing the speed and maneuverability. >> we're in the midst of the another steep ascent. you're hearing that alarm approaching 20 degrees. we're geng do get to 25-degree angle. keep in mind, i'm standing up straight now. but as i'm leaning forward, that's keeping me vertical in relation to the ground as the angle gets sharper. these are exercises but the "missouri" the mightily mo to the crew is nose to nose with real world threats. russia annexed crimea and launched military action in syria, the "missouri" was deployed nearby and when a russian sub turned up off the coast of florida in 20

. >> doug comes away from his undersea struggle with a renewed appreciation for one of the ocean's strangest creatures. >> that's probably the most he shocking moment i've had diving in 37 years along this coast, for sure. it's shocking, but it's also interesting to see another side of an animal that you thought you knew really well, and you come to expect the unexpected when you're diving in these waters. >>> coming up?-- a 40-ton whale takes a swipe at a 200-pound man. >> i think that tail probably weighed a few tons, and it's solid bone and barnacles, and it came at him fast and hard. >> a nurse shark doesn't like to kiss on the first date. when "caught on camera: into the deep" continues. >>> an idyllic day filming humpback whales off the coast of the dominican republic suddenly turns to horror. >> that one whale came up right underneath me. i'm looking like, oh, my god, he's going to hit me. >> i mean, you've got a couple tons of whale tail coming at you that fast, and it's barnacle and bone. it would have been like getting hit with a baseball bat the size of a tree. >> the day starts o

. >> facebook and microsoft laying a massive undersea cable to 4,000 miles in length in a joint venture from virginia beach to a hub in spain. google starts this in 2010 and new there is a crisscross of cables that connect the world. >> excruciating wait times at airports across the cup doing more than just exasperating travelers and curing to a survey the long lines are driving one in five travelers away, costing the draft industry $4 billion over the summer. 22% say they will drive or not travel because of the long lines >> have you dreamed living in the most popular homes in san francisco? >> i have dreamed about living in any home in san francisco. come on. >> you will be happy to me if you have a last -- the house from "full house," is for sale. it will cost. this is the asking rice for the we home, $4.1 million. three bedrooms build in 1883 with an office and 3 1/2 bags and inside, it look nothing like it does on the tv show. some people do not realize that tv shows are filmed on hollywood sets. you cannot expect it to look like where d.j. and uncle jesse were. we do not know why

. >> microsoft and facebook will build an undersea cable to run 4,000 miles from virginia to spain nogarden hose saying it will help the growing demand for high speed online and cloud service. >> a state by state list of the most misspelled words on respond. >> some that triple up the most include "desert," which has one "s" and canceled has two "l" and vacuum has two "u"s. >> those are the tech bytes. >> i is easier to hold on when you cannot fine a seat on bart which is move ahead with a land to buy 35,000 new hand straps. at $each, they expect to spend $311,000 on the project. the project is done, each bart car will have 80 straps. >> explain this to me, developers of a new dating website things your dan -- d.n.a. has the secret to relationships. and you your partner spit into the container and send it back to the campaign, they analyze it for genes that can determine how you communicate and process emotion and instant chemistry tends compatibility score. the total cost is $200. what in you are not compatible? it is not a first date activity. >> it is not even 100th date activity.

. >> doug comes away from his undersea struggle with a renewed appreciation for one of the ocean's strangestreatures. >> that's probably the most shocking moment i've had diving in 37 years along this coast, for sure. it's shocking, but it's also interesting to see another side of an animal that you thought you knew really well, and you come to expect the unexpected when you're diving in these waters. >>> coming up -- a 40-ton whale takes a swipe at a 200-pound man. >> i think that tail probably weighed a few tons, and it's solid bone and barnacles, and it came at him fast and hard. >> a nurse shark doesn't like to kiss on the first date. when "caught on camera: into the deep" continues. hmmmmmm..... [ "dreams" by beck ] hmmmmm... hmmmmm... the turbocharged dream machine. the volkswagen golf gti. part of the award-winning golf family. thisproof of less joint pain and clearer skin. this is my body of proof that i can fight psoriatic arthritis with humira. humira works by targeting and helping to block a specific source of inflammation that contributes to both joint and skin symptoms. it's pro

. >>> the search for egyptair flight 804 goes undersea. >>> well, good monday morning to you.

domain, and that undersea superiority is not guarantees. >> reporter: new threats require a new state at every turn. >> five and eight. >> launch to the open one. missouri 135 cocrews trained for anti-submarine war fair. >> 337, unit running, wire good. >> reporter: we're going to get to a 25 degree angle. keep in mind, i'm standing up straight now. but as i'm leaning forward, that's keeping me vertical in relation to the ground. as the angle gets sharper. these are just exercises, but the missouri, the mighty mo to its crew, has repeatedly gone nose to nose with real world threats. russia, crimea, launched military action in syria, the missouri was deployed nearby. and when an russian sub turned up off the coast of florida in 2012, it was the uss missouri called into action to track it. >> that's showing, hey, showing where they can go. >> honestly, i think it's operational experience, if anything were to ever happen. they have experience. they know those waters. i don't think it's a political statement on that part at all. >> reporter: the missouri's greatest asset may be its silenc

a 49-mile undersea cable. it will deliver faster online and cloud services.eted by fall 2017. francine: i think we have cables across the atlantic. that is how we get to the show, tom. this is time for my morning must-read. we picked out something that crossed the boundaries between the brexit and the eu. we are still back with john nichols weight and callum henderson. when you look at the risks of brexit, risks to the financial markets -- is it clear that we need a plan b or should we ignore this? callum: for a long time, the market was ignoring the risks. there was a very similar pattern thinking ofrket was course the people would do the right thing. then we suddenly woke up and said, we might not. you have seen a huge spike in volatility the last couple weeks. i think the tory party needs a plan b. in berlin, there is a definite feeling that they are looking at little bit -- what happens if there is a brexit? is that an opportunity to push through to get reform in europe going? make no mistake about it. angola merkel and the people at the top of germany --

we have to now consider that there's an adversary ready to challenge us and the undersea superiorityreporter: new threats require a new state of readiness which we witnessed at every turn. >> 2-5 and 8. >> commence launch. >> reporter: "missouri's" 135 crew repeatedly train for anti-submarine warfare. >> fire! >> reporter: they simulate firing torpedoes and cruise missiles from depth towards targets on sea and land. >> torpedo course 337, unite running. wire good. >> reporter: they're constantly testing the speed and maneuverability. >> we're in the midst of the another steep ascent. you're hearing that alarm as we approach 20 degrees. we're going to get to 25-degree angle. keep in mind, i'm standing up straight now. but as i'm leaning forward, that's keeping me vertical in relation to the ground as the angle gets sharper. these are exercises but the "missouri," the mightily mo to its crew, has come nose to nose with real world threats. russia annexed crimea and launched military action in syria, the "missouri" was deployed nearby and when a russian sub turned up off the coast of flo

the bill has another area of good bipartisan work is in the area of our underseas' forces. it includes a measure that i pushed forward to continue a build rate through the 20 20's to provide the capabilities that our leaders are pleading for. and funds the ohio replacement submarine and continue our bipartisan work to strengthen the fund to support this program outside of the regular ship building account. we provide this fund with new authorities to save additional funds during the course of building the ohio class program, perhaps as much as 10% on components like missile tubes on top of the billions of savings that were shown to garner in the congressional budget research office. this is a downpayment on the additional naval capabilities and capacity that we will need to keep pace with the fast changing security challenges around the globe and i'm confident that we'll emerge in the final enactment of the 2017 ndaa and i yield back. the chair: the gentleman from texas. mr. thornberry: i yield two minutes to the chairman of the subcommittee on strategic forces, the gentlem

we're talking about new undersea cables. break out the 1999 fashion. >> putting down 3%. when you buy a home, it is now possible that one of the nation's largest mortgage lenders. it is a good idea or are we entering the danger zone once again? "power lunch" is back in two minutes. man 1: i came as fast as i could. what's up? man 2: this isn't public yet. man 1: what isn't? man 2: we've been attacked. man 1: the network? man 2: shhhh. man 1: when did this happen? man 2: over the last six months. man 1: how did we miss it? man 2: we caught it, just not in time. man 1: who? how? man 2: not sure, probably off-shore, foreign, pros. man 1: what did they get? man 2: what didn't they get. man 1: i need to call mike... man 2: don't use your phone. it's not just security, it's defense. bae systems. there's a place for vacationers than just a little time off. the ones who choose to go big or stay home. ♪ come with me now... where every amazing, despicable, wizarding adventure reveals moments that are truly epic. this place is made for those who do more than just vacation. ♪ whoa go

insatiable demand for bandwidth a 4,000 mile undersea transocean o cable that goes from virginia beacht -- here's the play here. >> bandwidth story. >> play here microsoft is moving big time to take on amazon in cloud services. in fact they're looking to have 20 billion in sales from my cosoft from cloud services so this cable will help it in that basically transmission of data in between countries and getting information and people who want to put stuff up into the cloud. this will be a quarter to a fifth of its sales. >> like 2018. >> getting telephone wire underneath atlantic. but anyway doing it again now. microsoft is up by the way. >> smile. retirement. Über says it plans to end surge pricing. >> yes. but not going to happen overnight and introduce it slowly and it will be based more on a fixed price so you call up, they tell you what the price will be. you don't have to accept it but as more and more are up to fewer cars price as we know that surge goes up high. won't do that anymore. >> okay. >> market watcher, andrew aarons is with us a favorite guest of ours because he brings

critical to the rebalance like the long-range antiship missile, the virginia class submarine , new undersea drones as well as areas like cyber electronic warfare in space and the planners and strategists are also developing new and innovative operational concepts. dod maintains world leading capabilities because we have made and comparable investments over decades and are budget this year does the same, decades more for anyone to build the kind of military capability the united states possesses today. the strength is not simply about dollar figures. it is about harnessing those dollars for tremendous innovative and technological culture that only the united states asked. in doing so to develop revolutionary technology. the us military also has unrivaled, and this is important, and hard-earned operational experience gathered over the last 15 years. no other militaryno other military possesses this kind of skill and agility back my experience. and on top of all of this our allies and partners in the region also are a major source of strategic strength and influence in the asia-pacific and the

there is the virginia class drones,e, new undersea and cyber and electronic warfare and space. the play enters strategists are developing new and innovative operational concepts. leadingtains world capabilities, because we have made incomparable investments over decades, in our budget this year does the same. it will take decades more for anyone to build the cut of military capability of the united states. this strength is not simply about dollar figures. it is also about harnessing those dollars to a tremendous, innovative, and technological culture that only the united states has. in doing so, to develop revolutionary technologies. the u.s. military also has unrivaled -- this is important -- hard-earned operational experience gathered over the last 15 years. no other military possesses this kind of skill and agility backed by experience. on top of all this, our allies and partners in the region also are a major source of our strategic strength and influence in the asia-pacific. dod is deepening and modernizing existing partnerships, developing new ones, and networking our def