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

of steel into the united states at below market costs by countries like south korea is driving down prices and flat out killing jobs. coming up on july 10th, the united states commercedepartment is expecteded to hand down a ruling determining if the practices are in fact legal and whether the united states can impose tariffs on foreign steel. if action isn't taken in washington, workers are won't be the only ones affected. we hear elected officials talk about the middle class on a regular basis xs we've got save the middle class and focus on saving middle class jobs. tonight i want to focus on the middle class, that town of lorraine, ohio, a city that reinvolves around american made steel. these are the people who will be affected by july 10th's ruling. >> how do you feel when you get laid off? >> it's a big hit to your pride. i'm a pretty straightforward guy but there are a couple of days when i was looking at my budget and all of my bills and you know, almost in tears because i was looking at how am i going to make this big and this big work and do this. and it's pretty rough. >> it's friday night in middle america here in lorraine, ohio at the american legion. th

the national united states chamber of commerce came together in agreement in supporting their togetherness in addressing re-authorizing the exim bank. you have an organization here that has supported $37 billion of sales through the last year that sustained 200,000-plus jobs with over 3,400 companies. the important thing to note here their track record is stellar. they have been performing without assistance from taxpayer dollars. default rate is 2%. who could argue with that success story. as we develop this made in america agenda, we need the effortsest of the exim bank so we can go forward with every tool in the kit for our american manufacturers, and our businesses and industry to be able to allow them the engine that heightens their opportunity. and that's the way the work should be done, not denied here, not not making a political football and going forward and showing enthusiastic support on history, performance and success. let's do our exim bank re-authorization. this majority in the house of representatives ought not hold back that progress. it is a support network that is essent

how important this is to your local district, and i'll tell you there isn't a chamber of commerce in the united states that isn't watching this vote and hoping we'll pass the bill, because those tourists, just like politics, all of it is local. all tourism is local. they go to some community. they go to the main street and help the small businesses. i represent a remote area of california, big sur, a beautiful coastline. foreign tourists are carrying the economy of that area, by their visits. the europeans are visiting it in greater numbers than ever before. if you talk to any merchants they'd say, but for that european travel after the recession we have, we wouldn't be recovering like we are. i want every member of congress to join our caucus. what do we do? we produce. we produced this re-authorization bill. mr. bilirakis, as co-chair, carried -- carried it and has done a tremendous job. so it's important that we focus for a moment on the importance of tourism as an industry, just like steel and electronics and airlines, but it's made up of all these other parts. this industry is in every single con

united states? >> yes, and it is an opportunity for me now to thank the leadership of the united states with president obama and members of commerceboth sides of the aisle for helping israel meet enormous security needs and this is actually changing the dynamic of how we are fighting this war and it allows us to act with greater restraint. and this is an antimissile system that is basically a missile hitting a missile. it not only protects this, but it gives them the time they need to effectively prosecute this in a surgical way and we deeply appreciate the united states for all the support we have gotten and also leaders in europe have come out with pretty strong things. we are taking measures to take such measures out of harms way. lou: your constraint is laudable and all but unimaginable. so we congratulate you and we wish you all of the very best for everyone and israel. >> thank you. lou: we extend our hopes and prayers for safety. be sure to vote in our poll tonight. if the commerce and correct when he says that president obama is aloof and has been detached? his actions are simply bizarre? cast your vote at loudobbs.com and

the united states chamber of commerce has listed this as a key vote. the coalition to insure against terrorism which represents dozens and dozens of the financial sector interests across this country recommend and encourage that we support this legislation. the mortgage bankers association. the national association of insurance companies. the property casualty insurers. the national apartment association. the national multifamily housing council. and the american -- excuse me. the american builders conference. mr. chairman -- mr. president, these are just a sampling of those letters that we have received from interests across the nation who support this legislation, and i would ask unanimous consent at this time that these letters be placed in the record. the presiding officer: without objection. mr. crapo: thank you, mr. president. mr. president, getting terrorism risk insurance right is important north to protect taxpayers and to limit economic and physical impacts of any future terrorist attacks on the united states. this bill will help us maintain

on the way but emmanuel kide the president of the franco russian chamber of commerce and industry he says e.u. states far united on the issue. for the turn being there is no economy consumption for you when we have to realize that. there is a strong. view among its member on the whether or not we should apply economic potential there is something which is very improbable that is when a country of the size of the worship of course you cannot easily search or come to you so you need to talk you clearly need to use a little. this week the british government announced a public inquiry into the death of former f.s.b. agent alexander litvinenko he died in london in two thousand and six after being poisoned by polonium you accused russia of being involved in an assassination but while the journalist neil clark believes the inquiry is actually serving a political purpose this comes on the very day that britain is trying to push other members of the e.u. to impose tougher sanctions on russia so this is just one more stick that the u.k. government think they can beat russia and so i think it's no coincidence that all the

the way but emanuel kide the president of the franco russian chamber of commerce and industry he says edu state so far from united on this issue. for the time being there is no economy consumption for the win that we have to realize that because there is just told. you the most it's member on the way there all of which would apply you can only put things right and there is something which is very appropriate that is for the country of the size of russia of course utilities of it so such are. for you so you need to talk to you clearly need to use a little. good to have you with us today here on r.t. international this week the british government announced a public inquiry into the death of former russian security agent alexander litvinenko he died in london in two thousand and six after being poisoned by polonium u.k.'s accuse rusher of being involved in an assassination but while the first journalist neil clark he believes the inquiry serves only a political ploy. this comes on the very day that britain is trying to push other members of the to impose tougher sanctions on russia so this is just one more stick tha

jack kingston, 30 seconds >> en i am the one endorsed by the united states chamber of commerce, the numberne job advocate in the country. a hundred percent rating with the national federation of independent businesses. i was in the private sector and of the importance of pushing back on the regulatory overreach where was my opponent when we were fighting things like this stimulus bill? he sat on the board there receive stimulus money. where was he when we were fighting obamacare? out telling people we need a national solution. a big difference between us. >> thank you, mr. jack kingston. and that is all the time we have for questions. not eat canned it will have 60 seconds for a closing statement, and we begin with mr. david purdue >> thank you. folks, the congressman has been in washington for 22 years. if he were going to make a difference wouldn't he have done it already? weekend egad of this crisis, but not by sending the same people back up there who created this mess in the first place. the decision in this race is very simple. if you like what is going on in washington vote for my o

in february, 2014, the united states department of commerce reported that our national trade ficit for 2013 improved by $63.1 billion in comparison to 2012. however despite this improvement, figures for month of april show exports are increasing and decreasing. as a trult the trade deficit is now at a two-year high. with the u.s. department of commerce having acknowledged that increased petroleum exports are a key factor that can contribute to lower trade deficit t. makes perfect sense to allow additional l.n.g. exports to refurther reduce the trade deficit. in addition to its economic and international benefits, natural gas will significantly lower our carbon emissions, which decreased by 3.8% last year, down to 1994 levels, according to government data. mr. speaker, the united states needs a smart energy policy that enables the citizens to continue receiving the ben abundance low-cost energy, and also want to utilize these resources as a tool, strategic leverage to improve our environment and shape international events to the benefits of america and its allies. mr. speaker, we have m

two senior united states government officials, you see them there, they work at the state and commercepartments respectively and happen to be testifying before the subcommittee hearing. and florida tea party congressman kurt clausen sworn in last month, calls himself an outsider, seemed to think the people sitting before him represented the indian government and addressed them as such. here thanks to "foreign policy" magazine is part of what ensued. >> i am familiar with your country. i love your country. and i understand the complications of so many languages and so many cultures and histories rolled up in one. as you're welcome here to produce good-paying jobs, i'd like our capital to be there so both sides are on the same territory. i ask cooperation and priority from your government in so doing. can i have that? >> i think your question is to the indian government and we certainly share your sentiments and we certainly will advocate that on behalf of the u.s. -- >> of course. okay. let's see some progress. >> okay. let's just be clear here. okay? those are u.s. citizens he's addres

commerce bank. blacklisted by the united states. a deal is expected to include half a billion dollars in penalties, but would suspend criminal charges. >>> time for an "early start" on your money this morning. asian shares ended mixed. futures lower right now in the u.s. the dow still above 17,000, even if stocks pull back from record highs. more companies than ever before are abandoning the u.s. of countries with lower taxes. 47 countries relocated to take advantage of lower tax rates. in the previous two decades, 29 companies did so. they lower their tax by through merging with another country and doing more business abroad. >>> breaking overnight, a terrifying scare for 22 people on a roller coaster that jumped the tracks in california. look at this. it happened on the ninja coaster at six flags magic mountain park. the front car was partially dislodged hanging by the back wheels. riders were left hanging, some of them for three hours. four people suffered minor injuries. >>> we were riding on the jet stream when we saw the ninja

ear and signed an agreement that was facilitated through the united states in which there was supposed to be open borders and trade and commerce and tourism. why are there restrictions around the gazan strip? because they are hostile. hamas took over and started shooting rockets. the only reason those restrictions are in place is because -- >> in the last few years, you cannot -- you cannot deny the fact that hamas in the last seven years or so has moved to what's -- towards engaging more politically rather than militarily, so why not lift that blockade? why not allow gazans to cross the border so that they don't have to build tunnels, so that they have to ferret out food, medical supplies, building supplies? >> the tunnels that we are talking about are not to bring food across. the crossings are open for food. there is no problem bringing food into gaza. >> the crossings are -- >> the tunnels are attack tunnels, tear rate of tunnels. >> they are controlled by israel. as we have seen >> correct. and we don't -- that's correct. and we don't allow them to take in weapons. >> through those checkpoints, find it very difficult. the

commerce. since 1998 this has been the position of the united states of america and if you look at the internet, it truly is interstate commerce. we can be standing side by side, right next to each other, and you can send a tweet or a facebook message or email or whatever sort of electronic communication and it can literal si zoom around the country, hopefully through utah, and back to the person standing right next to you. but in order for all that to work, the magic of the internet and all that to work, it needs to be unimpeded. it needs to keep those costs as low as possible to ensure the maximum amount of access. so those in our communities who are still trying to get in there, from our seniors to the rural communities, to the inner cities, the wisdom that happened in 1998 has been reaffirmed multiple times. only two people in the history of this piece of legislation have ever voted against this piece of legislation. the majority of the house of representatives are co-sponsors on this piece of legislation that's before us today. soy urge its passage. there's some other pieces of legislation

the way but emanuel kide the president of the franco russian chamber of commerce and industry he says e.u. states are far from united on this issue. for the term being there is no economic potential. when we have to realize that because there is just told. you some of its member on the way there all of which would apply economic potential and there is something which is very easy for the country of the size of the worship of course you get a piece of it so such are. you so you need to talk you clearly need to use a little. thanks for joining us on r.t. international an israeli soldier has been killed by a mortar shell near the gaza border that's after israel extended a humanitarian truce and garza for another twenty four hours it will now end at midnight on sunday local time but hamas says it won't stop firing rockets across the border until all israeli troops are out of gaza the latest details now with artie's paulus. the israeli security cabinet has agreed to a twenty four hour extension of this united nations humanitarian cease fire that was first implemented early on saturday israeli officials are saying that th

united states. >> we have a stated policy not to talk about any product until it's either announced by our commercetorn down like some of the products that we talked about. >> so apple, iphone, throw it out there. yes, no? >> we're working very hard to get every customer, melissa. from 2000 to 2011, on average 17 manufacturers a day shut down in america. there's no reason we can't manufacture in the united states. here at timbuk2, we make more than 70,000 custom bags a year, right here in san francisco. we knew we needed to grow internationally, we also knew that it was much more complicated to deal with. i can't imagine having executed what we've executed without having citi side by side with us. their global expertise was critical to our international expansion into asia, into europe and into canada. so today, a customer can walk into our store in singapore, will design a custom bag and that customer will have that american made bag within a few days in singapore. citi has helped us expand our manufacturing facility; the company has doubled in size since 2007. if it can be done here in san franci

we had the united states chamber of commerce in the environment and public works committee saying sure, raise the highway tax a little bit. let's get the infrastructure that this country needs built. but, mr. president, instead of crafting a responsible long-term highway plan, the house republicans are running scared from tea party groups. tea party groups that don't think the federal government should invest in infrastructure at all. the club for growth, so-called, went so far last week as to say that the highway trust fund -- and i'm quoting them here -- "shouldn't even exist." funny how republican presidents eisenhower, nixon, reagan, ford, bush, and bush all managed to accept the idea of a federal highway system, not thinking that there was anything unusual or improper about that. well, today's far right extremists have gone way beyond them and they've gone way beyond the american people. the american people overwhelmingly support federal infrastructure investments. according to a recent poll commissioned by the american automobile association, more than two-thirds of americans bel

united states senate. qwest carlos gutierrez is the cofounder of republicans for immigration reform and the former commerceecretary. joins us with his perspective. great to see you today. iss whole order crisis issue all part of a bigger issue about immigration reform and what is needed here. republicans are asking for a dollars in emergency aid. is there going to be a middle ground here? >> i would hope so him up because we're not talking about amounts they are used to talking about so it should be pretty straightforward. i think the problem with do itation is we tend to in patchwork solutions. we only respond to latin america when there is a crisis. a crisis.ave there is something to learn from columbia, probably the most successful foreign-policy initiative with had with latin america in recent times. we put money in and work with colombian government. .e took the cartels out we dramatically reduced influence. is a different ball game today. the problem is a lot of those people have moved to central america. they have moved operations. with theo be working central american government. not just have a me

secretary jay johnson and industry stakeholders including the chamber of commerce of the united states, the american chemistry council, crop life america, and a coalition comprised of a broad spectrum of agriculture, mining, petroleum and transportation organizations. at this time i'd like to enter those support letters in the record. the speaker pro tempore: without objection. mr. meehan: i'd specifically like to thank my co-sponsors, along with the homeland security committee staff, for their hard work and tireless efforts to make sure that the views of the regulated community and the administration were properly reflected and implemented in a realistic and achievable way with strict goals which will lift this program from stagnation to success. i'm proud of this legislation and its bipartisan support and i urge my colleagues from both sides of the aisle to pass h.r. 4007 to so we can ensure that the proper measures are in place to secure our communities from the devastating potential of a terrorist attack with that i reserve the balance of my time -- attack. with that i reserve the

united states steel industry? >> well, it was a very important victory. in fact, the commerce department with their determination and setting what they call preliminary tariff actually did the right thing. would i have liked they'd done it sooner? absolutely. we still have people on layoff at a result of the first determination. today i was at the trade commission, have to go through another process to prove injury. with the part of the commerce department in the decision they made, i think we made a really good case today at the international trade commission about the fact there is injury, and i'm proud to say we had about 20 steel workers who came to the hearing so that the people on the international trade commission could actually see the people whose lives their decisions would affect. >> so this process is slow. it's arduous, it's something that needs to be addressed. this tariff, how long will it take to reverse this? and when will these workers be getting back to work, and how soon do you think this would affect the market? >> well, it really is a tedious and long and

united states of america and a primary partner was upsended. this forced business to seek other channels. it increased commerce between gold standard countries and silver standard countries then imbalance of payments followed. international trade was and still is a complex relationship. but the truth is that britain, a manufacturing powers at the time, demanding gold from its trading partners. during the civil war this had a hand in pushing it into a weaker position. it created more pressure on the silver standard countries. why? the reason is their balance of payments would be difficult to manage as they had issues between the growing ratio of silver to gold due to the increased silver production around the world. additionally the liquidation of silver and disappearing monetary demand from the european nations forced their hand. eventually, india would abandon the silver standard in the early part of the 20th century and china would be the last ajor holdout until 1935. the second industrial growth wave would hit and also an influx of immigration. in fact during the years between 1850 and 1890 e the population

anything that might have an impact downstream to interstate commerce. >> what you jubs described to me, i live in southwestern united states, colorado. we get one rain storm and with the lay of our land you can get a high watermark with a ten flow that then disappears. what you're describing to me a high water flow that happens once a year. >> an ordinary high watermark is not something that's wet for ten minutes. it's seen on the rock from debris or discoloration or cut in the bank of dirt. erosional features are not covered. we excluded those. >> i would like to move on a little bit. move in a different direction. if you put out a rule under epa do you expect it to be followed? >> well, yes. >> do you. should you comply with the rfa? >> yes. we do. >> is it appropriate right now under section 104 of the existing clean water act that both retroactively and preelm tlif you're shutting down projects before determinations have been made under the rfa? >> i can't answer that question because i'm not sure what zmoosh your preemptively shutting down projects right now based off the proposed rules? saying that you cannot proceed

united states ambassador to brunei. the united states and brunei have enjoyed strong and prosperous relations since 1850 when our two countries signed the treaty of peace, commerce and navigation. still in effect today, this treaty has underpinned our close cooperation for 160 years. the united states and brunei have a long history of working together to promote peace, stability and development. and if confirmed, i hope to continue that tradition and strengthen our relationship for the 21st century. today the united states relationship with brunei rests on two central pillars, the first is growing economic partnership, and the second is expanding regional cooperation. our economic partnership is manifest through rapidly expanding trade. in 2013 american companies exported $559 million worth of goods and services, to brunei, and we regularly enjoy large bilateral trade surpluses. recently brunei purchased $600 million worth of u.s. military and civilian aircraft. our bilateral economic cooperation is further demonstrated by rapidly increasing investment flows including $116 million worth of american investment in brunei in 2012. finally, as you noted, mr. chair,

united states, the access and movement agreement. there would be border crossings, there'd be trade, have commerce, tourism, we'd have cooperation.s every reason for hope when israel pulled out of gaza. there was hope gaza, themselves. what happened? hamas took power in gaza. with its radical and extremism islamist ideology tries to force gazaens to live in an early medievalism with sharia law and so forth. at the same time instead of investing in schools and hospitals and the wellbeing of the people of gaza, it invests in missiles and in weapons and what they call the armed struggle against israel. now, you can't expect israel to have a normal relationship with gaza if they're shooting rockets at our people trying to kill our people. the root cause of the problem here is the regime in gaza, it is hamas. which is not dissimilar to some of the other radical islamist groups like isis in iraq or hezbollah in lebanon or even boko haram in nigeria. these groups are extremist and have no qualms whatsoever about sacrificing thousands of civilians s for their radical ideology. >> i think you'd agree there's quite a difference in the pale

commerce, industry flows here. i still think that it would be tough for somebody to opt out of the system without having the united states as part of their access for jobs, information sharing, and the like. i just know the arguments on both sides. i have heard them. i appreciate my colleagues, but i kind of reject the premise. guest: >> we have seen examples where countries can really slow or even stop internet traffic. egypt, iran. becomesa fear if icann a multi-stakeholder corporation? >> not if we know what multi-stakeholder means and is -- and it is defined. who are these people on this board? turkey slowed down the twitter feeds. in this world, in this environment, to say that's not happening, it is happening. who is going to be the governing body? in france, i think, and they had a fight over -- the french representatives or a fight over wine.com something to read they almost stopped the whole system over a regionalization of a product. they don't want the world to on they, champagne internet website, when there is a location in france where only that have the product is made. if we are going to have a battle and

united states. it's very vital to the agriculture industry, to the commerce industry, to everything that the flood control -- it just has a tremendous impact that we all need to be aware of. i know this $127 million looks like a lot in the renewable energy and efficiency office, but we tried to find different places that we can take away. we found this the less neutral. only reducing 7% of the total budget. it was the largest we found we could take it from. again, i just want to commend the committee on the hard work they've done. i know it's not an easy challenge at all for them to reduce and have to answer to certain parties for what was reduced and not reduced. we've worked on this bipartisan. got a lot of bipartisan support on it throughout yesterday and today. i appreciate your consideration and support on trying to make sure that we do everything we can to take care of the m.r.t. with that, mr. speaker, i yield back my time. the chair: the gentleman yields back the balance of his time. who seeks recognition? the gentleman from idaho. mr. simpson: claim time in opposition. the chair: the gentleman is

why do they lose their religious rights just because they're doing commerce in the united states?ortions who work for hobby lobby. they can still get all these abortive drugs. hobby lobby can't do anything to stop women who work for their company to do all these procedures if they want to do that. none of that changes. women don't lose any real rights after hobby lobby. it's just that those specific class of borttive drugs -- abortive drugs that hobby lobby itself on religious grounds does not have to pay for. that's what this case is about. and any other attempt to spin it otherwise is absolutely ludicrous. >> absolutely right. meanwhile, the president is having a really bad week. two bad cases, supreme court decided against him. plus he's finally seen the writing on the wall. republicans are not going to tackle immigration reform this time out. i know you're delighted about that. that means he's going to get out his pen and phone. here is the president yesterday in the rose garden. listen. >> failure of house republicans to pass a darn bill is bad for our security. bad for our e

to take an example the reason that we have the commerce of the world floating around the world across the ocean is because of the united states navy. [applause] there is no other reason. and if you withdraw the united states navy the pirates from other countries and powerful nations would be jostling for the control of the high seas and this wouldn't be a good thing so even from the point of view of the global capitalism, america's power is at the very best a kind of silent custodian of keeping the world safe. when we think of american foreign policy we think of guns, but we don't think of america's greatest foreign-policy which is using our soft power to promote technological capitalism around the world. the fact of the matter is right now hundreds of millions of people are being lifted out of poverty all over the world. why? because they have adopted the american recipe of globalizati globalization, free trade and technology. that is america's gift to the world. a non- interventionist america a wouldn't be promoting freedom or promoting and would be saying not all men are created equal but all americans come and that's it.

countries to do not directly border the united states must be allowed to stay while their cases are processed. opposed thes have waiver. on friday, democratic commerce member get your us to the current crisis should not draw attention for the need for need fore of reform -- copperheads of reform. >> i with the president to be bold and generous as the republicans had been heady and mean-spirited on immigration. he cannot let the current turmoil at the border, which we would be doing an even better job of controlling if congress addressed immigration reform. we cannot let this crisis distract us from the record-breaking levels of deportation and the threat of deportation are taking a devastating toll on american communities throughout our nation. >> attorneys for going, but prisoners have argued their clients deserve the same religious protections recently granted to the corporate chain hobby lobby. in a ruling last month, the supreme court ruled that most private companies second religious objections can refuse to provide birth control coverage to employees as required by obamacare. the court cited a federal law protecting religious freedom. appearin

in commerce bank -- commerzbank lost today due to reports that authorities in the united they have begun settlement talks with the bank over its dealings with countries blacklisted by the united states. >> we stay in frankfurt for a closer look at the tuesday numbers, and the dax was well off by nearly one point 4%, finishing at 97.72 -- 9772. across the atlantic on wall street, the dow at this hour trading down not quite as much. 16,912. the euro pretty much flat against the dollar, trading at a value of $1.3611. >> weekend with some final sports news. a german sprinter has continued his winning ways in the tour de france. >> he powered of the finish line first after they finally entered french territory. norway's alexander kristoff was in second place. it is already the sprinter's third stage win this tour, but he is not leading the race. last year's winner crashed on tuesday but did manage to finish the stage with injuries to his hip and wrist. only another two and a half weeks to ride. hope he gets some new shorts. showing a little skin there. >> thanks so much for watching. captioned by the national captioning institute --www.ncicap.org-- gg99Ññwçça7guc >> it is exactly 9 p.m.

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

to take a single example, the reason we have the commerce of the world flowing freely right now across the ocean is because of the united states navy. [applause] there is no other reason. and if you with do the united states navy, somali pirates, pirates and other countries, countries, powerful nations would be jostling for control of the high seas. and this would not be a good thing. so if and from the point of view of global capitalism, america's power is at the very best a kind of silent custodians of keeping the world safe. when we think of american foreign policy, we always think of guns. what we don't think about america's greatest foreign policy which is using our soft power to promote technological capitalism around the world. so the fact of the matter is that right now hundreds of millions of people are being lifted out of poverty all over the world. why? because they have adopted the american recipe of globalizati globalization, free trade and technology. that is america's gift to the world. a non-interventionist american would not be promoting freedom, would not be promoting trade. would essentially be saying that n

on the new jersey state legislature and serves on the powerful house energy and commerce committee. i yield to you three minutes. mr. lance: mr. speaker, for those of us in the united states who value israel, its people and ts value, these are hard heartbreaking times. most say credit lands are brutalized by terror. though we may be far and distant, our spirit, support and resources are needed. the united states stands in solidarity with israel and its fundamental right to defend itself. the ongoing crisis in israel may feel a world away to some, but the significance cannot be understated. a free people and democratic ally of our nation faces continued war by elements of hate and intolerance, similar to those who have claimed the lives of millions, forever scared the face of the earth and brought this battle to our shores 13 years ago. to know terror, look at their tactics. while israel uses weapons to shield women and children, hamas uses women and children to shield weapons. when israel offers a ceasefire, hamas orders more rocket launches. when israel offers compromise, hamas calls for more bloodshed. israel needs and deserves the support of the world community

speaker, we're talking about 21,000 companies from across the united states of america bring their commerce in and out of the port of savannah. and here's what's so important about our ports, mr. speaker. i don't know if anyone internalizes their value. savannah is a great example. 48% of the container traffic in that port are imports coming into america. goods and services that american consumers want to buy but 52% of the traffic coming in and out of that port are exports. 48% are things that we're buying from folks overseas, but 52% are goods that were manufactured with american hands, putting paychecks into americans' pockets, shipping those goods right back out overseas. 48% imports, 52% exports. now, why am i talking about that? we got an exciting opportunity going on in this hemisphere, mr. speaker. you may have heard the term ships. panamax you may not see these pictures but i'll go through them briefly. the new panama canal will accommodate ships that carry not twice the number of containers that ships carry today, not three times the containers but almost 3 1/2 times more containe

commerce bank down sharply. the german bank in settlements talks with u.s. authorities over dealings with iran and other countries blacklisted by the united states.commercial bank could end up paying at least $500 million until penalties. that's according to the "new york times." >>> when we come back, why is walmart trying to be more like amazon? the kceo of wm wvalmart u.s., breaking don the strategy. >>> the nasdaq leads the way lower, currently down some 68 points. we've not had a 2% drop on the nas since early april. dan niles breaks it down when "squawk alley" continues. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> welcome back to "squawk alley." let's check out the big momentum stocks. a lot of tech related, hit hard today. priceline for online travel and amazon.com, netflix, tesla, all losing ground. you can

largest body of freshwater on the face of the earth and that commerce moving through the seaways, the shortest distance between the united states, europe and ports even on the western side of africa, if you look at the way that the globe actually works, and so to have this kind of work by yourself, by the chairman of our subcommittee, mr. simpson, by candice miller, by so many others that work on great lakes issues, it's wonderful to have this team put together and to see that we've done a better job for our great lakes in this bill than in past bills. and by the way, i might say that the lake on which the communities i represent are situated, lake erie, is the most drawn-upon of the lakes and the most fragile. and therefore -- and we share her with canada so it gets even a little more complex as we move forward. but i just wanted to commend the gentleman. i thank the chairman for giving me the time and i know the people who are listening from the great lakes region greatly appreciate the attention and what we do in this bill to make sure that those lakes are maintained. thank you so very much. mr. simpson: i thank the gentlela

united states. what they all talked about first, second and third is the violence. and i realize that's a very difficult prospect given the corruption, the corruption that has affected the economy when the chamber of commerce says that 7 in 10 small business versus shutdown in honduras because of extortion threats on businesses. can you imagine that happening in the united states? so it's a very long haul process. but i have long said that to stem this exodus whether it's children or adults you have to deal with these issues. the root causes of the issues at its source. >> thank you. mr. johnson. >> i would just say that in addition to the work that's being done in our capitol and in the capitols of central american countries by their leaders that we focus also on the citizens and involving their participation but ultimately the policies are ones that should benefit them and should effect their decisions as to whether they can stay in their countries or whether they have to look elsewhere to lead predictable safe lives. their voice is very important and i hope we can keep that in mind as we decide actions to take moving forward. thank you. >> all very valid points. the suggestions that you collectively had

note of the fact that el paso is noted as the safest city in the united states, and it is on the border. we note that the great deal of commerce comes through the southern border as it does the northern border. over the last couple of weeks, beginning maybe in 2013, we saw a new phenomenon, an unplanned phenomenon. a phenomenon driven by the devastating and destructive elements found in honduras, el salvador, and guatemala in central america. none of which were driven by a pointed pronouncement from the united states or the president of the united states, president barack obama. but elements who wanted to misuse and abuse the need for comprehensive immigration reform decided to misrepresent the laws of the united states of america. every member of congress has adhered to a particular theme. i started using it in the 1990's. we are a nation of laws and a nation of immigrants. and the laws are intended to use to be used to be able to instruct how we guide our hearts, and our laws. we still have the statue of liberty in the harbor of new york that says we welcome the forlorn and those in need. unfortunately, bad information was g

i know that there are plans for commerce secretaries and foreign secretaries to meet in the coming weeks in order to build on that. i commit to you that the united states will do everything we can to encourage india and pakistan to work together and improve the prospects for both prosperity and stability in the region. now, india has already shown a deep commitment to regional stability with the generous investments in afghanistan. at this critical moment of transition and in the coming months, support from all across the international community will be vitally important. in the coming days, i will continue to work closely with president karzai, with the candidates, with the united nations in order to provide afghanistan with support during the transition. and we look forward to working also with india on this and we look forward to india engaging with its neighbors so that afghanistan's connections to the region and the world are defined by the opportunity that they can create together. far beyond afghanistan india's assuming greater responsibilities for regional and global security. as india plays an increasingly global role, its interests are served

chamber of commerce said that if we adopted controls to reduce the mercury pollution that comes from burning coal in power plants, mercury, we will have rolling blackouts across the united states. they said that in 2011 and we are implementing that law we have not had rolling blackouts print when we invest in new technologies that create jobs, look across the country -- iowa is getting and south dakota are getting more than 1/4 of their energy. by the end of the decade, colorado will get 1/4 of their energy and california will get 1/3. the economy is growing and we can do this together. host: james is in daytona beach, florida on our line for democrats, good morning. morning, i would like to address my comments to david mainly. dave, the powers to be that support: oil, if they put as much effort into supporting wind energy and nuclear power, i believe it would produce a whole lot more energy than you said they are producing. if you put as much effort into that as you do fighting against it and supporting oil and coal. once thatd more than the idea that the people that oppose climate change and don't ideave in it, it's all an to put in people's minds. change peoples minds, you

we are still, you know, a great nation, major commerce industry flows here, i think it would be tough to opt out of the system without having the united states as part of their access for jobs, information sharing and the like. i have heard the arguments on both sides and i reject the premise. >> host: we see examples where they slop and stop traffic like egypt or iran. is that a fear if i can is a multi stakeholder corporation? >> guest: not if it is defined. who is going to be on the board? turkey slowed down the twitter field. in this world and environment saying that is not happening? it is happening. who is the governing body. they just met. the french representative had a fight over the wine.com and also stopped the whole system over regionalization of a product and the way it is named represents an area of france and they don't want the world saying campagna on the internet sight when there is a location in france where only that type of product is made. can you imagine if we going to have a battle that the shutdown the internet debut over campa a campagna? what would happen in the process of the right to discourse? >> host: if the ac

commerce department. the woman you see on the left is an official at the u.s. state department. these are both senior members of the united states government. they are americans. they work for the u.s. government as senior officials. let me reiterate that. senior u.s. officials. congressman clawson, take it away. >> i am familiar with your country. i love your country. and i'm hopeful with the new change in regime that the future and the land of promise and the land of opportunity of india can finally become so. and i understand the complications of so many languages and so many cultures and so many histories all rolled up in one. so just as your capital is welcome here to produce good-paying jobs in the u.s., i'd like our capital to be welcomed there and there to be freedom of capital. so that both sides are on the same territory. and i ask cooperation and commitment and priority from your government in so doing. can i have that? >> i think your question is to the indian government, and we certainly share your sentiments and certainly will advocate that on behalf of the u.s. government. >> of course. >> gah. not a skit.