the us commerce department. e department last year said last year, you know what, boeing, you are right, and levels a 300% tariff on any of those planes coming into the united states. that makes it really prohibitive. what bombardier did is that it appealed its decision to the international trade commission, which is a us agency, a us body, and that body has voted unanimously, 4-0, that body has voted unanimously, 4—0, in favour of bombardier. that 300% tariff that was initially put in place by the us commerce department is now void. samira hussein in new york. and you can find more detail and analysis about bombardier‘s victory on our website and what it means for trade battles worldwide. simply go to bbc.com/news. the entire board of the us gymnastics authority is to resign in the wake of the sexual abuse scandal involving former team on wednesday, nassar was sentenced to up to 175 years in prison for carrying out attacks on over 150 young girls under the guise of medical treatment. peter bowes is in los angele

attractive for american buyers, and they took their complaints to the administration, to the commerce department, the usus commerce department last year said, boeing, you are right, and they levied a 300% tariff on any of those boeing planes coming into the united states and clearly that makes it prohibitive, so what boeing did, what bombard the —— bombardier did, they appealed to a us body, and just 110w they appealed to a us body, and just now the itc has voted unanimously in favour of bombardier and that means the tariff that was initially placed put in place by the us commerce department is now boyd. how have the companies reacted? bombardier is really quite pleased with the outcome, of this vote, and it really comes to many people as a surprise, many believe that the itc was going to vote in favour of boeing. boeing has said it is quite disappointed, not surprisingly, but they have also said that it will not stand by as it watches bombardier participate in illegal business practices and jeopardise american workers and i think that phrasing is interesting, because right now the white house, the trum

last year the us commerce department slapped ta riffs of the us commerce department slapped tariffs of coming into the us are basically blocking the fleet from the american market. bombardier took their complaints to the international trade commission, which will make its ruling friday. it's why both uk prime minister theresa may and canadian prime ministerjustin trudeau have spoken personally with us president donald trump about this dispute. and all of this comes as both the uk and canada have an eye on negotiating good trade deals with the united states. but this dispute about bombardier could be a sign that easy trade relations with the trump administration is anything but certain. samira hussain, bbc news, new york. joining me in the studio is richard hunter, head of markets at into —— interactive investor. this bombardier argument has been around for awhile, what the it is a politically charged situation, the us and canada are having trade talks anyway, so this is kind of a poster child for what is going on there. and at the same time we have just seen the recent love in between

last year the us commerce department slapped tariffs of almost 300% on any c—series plane coming intoier took their complaints to international trade commission, which will make its ruling on friday. bombardier is the largest private employer in northern ireland. war than 1000 employees are directly on the c series planes. many people here could therefore be out of a job. we have a great relationship between the uk and us... relationship between the uk and us. .. which relationship between the uk and us... which is relationship between the uk and us. .. which is wide both theresa may and canadian prime ministerjustin trudeau have spoken personally with us president donald trump about this dispute, raising the stakes on what would otherwise be an ordinary argument between two companies. in all of this —— and all of this comes as both the uk and canada have an eye on negotiating good trade deals with the united states. but this dispute about bombardier could be a sign that easy trade relations with the trump administration is anything but certain. now let‘s brief you some other business

us rival boeing wasn't happy. it compiled a petition alleging unfair competition. and fired it straight into the arms of the trump administration. it landed first at the department of commercee the us economy. and this time the authorities sprang into action. remember that repayable loan from the uk government to bombardier? what if it's not, in fact, repayable? buried within around 7000 pages of documents the uk government submitted to the commerce department i've discovered a key fact about that loan. and it may hold the secret of why the commerce department believes the government money to bombardier was unfair to boeing. and what this document reveals is that if something goes wrong beyond bombardier‘s control it's the government, not bombardier, that is on the hook for the lot. in that case, the repayable loan won't be repaid. this is the seal of the international trade commission. it really does stand for that notion of equality, justice, fairness. professorjennifer hillman is a formerjudge at the trade commission. she feels what i've uncovered is key to the case. in us eyes the loan isn't commercial — it's a handout. if the repayable launch investment isn't ultimatel

late last year we saw that the us commerce department slapped bombardier with an almost 300% tariff onand the uk governments, have appealed this decision and right now we are waiting for the international trade commission in the united states in washington to vote. in fact, the united states in washington to vote. infact, members the united states in washington to vote. in fact, members have already come into the room. i believe they are still waiting for the commissioner and will start voting on this shortly. we are hearing on some newswires that bombardier have lost and boeing have one. that is the only information i have, i cannot even the only information i have, i cannot even source the only information i have, i cannot even source it for you. tell us cannot even source it for you. tell us what that means. if that is true, it will not come as a big surprise to pretty much anyone. most it will not come as a big surprise to pretty much anyone. m was justin 2“? he "7 ”ff fa-en he can wm” 77 aen he can a- -eal ,, e framework an a- -eal ,, e framework of a- -eal ,, 77 framework of the

spending accou nts important because consumer spending accounts for two thirds of all us economic activity. the commerce departmentonsumer spending will have picked up consumer spending will have picked up by consumer spending will have picked up by.6% consumer spending will have picked up by .6% and shipments of capital goods orders increased for the tenth straight month. also happening, negotiations for the sixth and penultimate round of talks in finalising the north american free trade agreement. time is running out for canada and mexico to tackle what they call unacceptable demands by they call unacceptable demands by the united states. on monday we will hear from the pentagon's the united states. on monday we will hearfrom the pentagon's number one weapons supplier. it is expected to report its fourth—quarter results. joining us is michael hewson, chief market analyst at cmc markets. let's stay with the us. that is the focus for markets this week. certainly what i am paying particular attention to this week. it has been the worst start for the us dollar since 1987 in terms of performance. we have seen six suc

after seven o'clock this evening we are expecting the us department of commerce to announce if it will

after seven o'clock this evening we are expecting the us department of commerce to announce if it willding high import tariffs to canadian company bombardier. the decision could affectjobs here. we'll be hearing from a spokesman for the wetherspoons pub chain who have apologised to customers and found another supplier after it had to take steaks off the menu. and we will hear more from john humphrys about top bbc stars taking more pay cuts. now on bbc news it's time for fa cup sportsday live from yeovil. # fillup your # fill up your glasses... to the tune of the anthem, ii # fill up your glasses... to the tune of the anthem, 11 men of yeovil role into action. yeovilfinds itself centre of the football world. and with a quick turn, the skipper slide it in. almost exactly 69 years ago yeovil town stunned first division sunderland to reach the fifth round of the fa cup and they are on a roll again. south end, port vale and bradford have all fallen by the way. yeovil town are a league club now, but they are the lowest ranked team left in the competition. and the side that knocked them out a

the bipartisan panel concluded that on monday is planes do not r us plane maker boring as claimed by donald trump's commerce department last year the u.s. government accused on monday of receiving subsidies from canada creating an unfair competition for its own aviation industry but his latest jet the c. series is considered a direct competitor to boeing's best selling aircraft the seven thirty seven this could be a huge topic let's discuss it with our financial correspondent on wall street yes caught a hi yes it's good to see you on this friday now this story about what does it mean exactly will those three hundred percent tariff effectively lifted at least for now the u.s. will not be able to go forward and start with those steve terror in regards to bombard you we still have to word wait for the final wording of this decision and that's actually also what to boeing said so boeing they filed both claims and boeing is saying that they will have a closer look at the wording and then they will decide the next them steps so this battle between boeing and bombardiers going on for quite some time so this is the next but p

in this instance they tried to use domestic us mechanisms, so in the first instance the department of commercee impo5ed or potentially impo5ed the5e tariffs. thi5 this all comes down... donald trump has made clear that he is out to protect us business and help america the first in the economy and for it to grow and businesses to thrive. what does this say, in terms of uk— us relations, in terms of the us wanting to boost its own companies and vat and production in the us, yet obviously 5tay and vat and production in the us, yet obviously stay open to special partners? such as the uk? the uk government has played an important role in helping to get this resolved. also there's a recognition in the us that aerospace i5 resolved. also there's a recognition in the us that aerospace is a global busine55, in the us that aerospace is a global business, so many of the suppliers to bombardier are actually based in the us and indeed many of the customers for this revolutionary aircraft are actually american airlines and they want to deliver a much more competitive 5ervice airlines and they want to delive

those results will help direct us all, commerce on the department, and where we need to apply our efforts to improve. this issue is important and this many will continue to pursue it. breaking members are recognized. -- ranking members are recognized. time, ie interest of will simplify by saying this is enormously important. there are a lot of concerns at the pentagon. there are two big issues. one, we are in a time of very tight resources and great needs. we have to get everything we can out of every dollar we spend. there are many issues this committee has covered the make this clear. secondly, if we cannot explain where we spend the money in the pentagon, we are failing in the first mission. i know it is a lot of money and there is big bureaucracy and a lot going on. we ought to be able to do an audit that tells us where we are spending the money. it is that simple. mission.he pentagon's i want to specifically think mr. conway for his great leadership on this issue. who knew having an accountant on the committee would be critical? we should have known that. we appreciate his leadership

those results will help direct us all, commerce on the department, and where we need to apply our efforts to improve. this issue is important and this many will continue to pursue it. breaking members are recognized. -- ranking members are recognized. time, ie interest of will simplify by saying this is enormously important. there are a lot of concerns at the pentagon. there are two big issues. one, we are in a time of very tight resources and great needs. we have to get everything we can out of every dollar we spend. there are many issues this committee has covered the make this clear. secondly, if we cannot explain where we spend the money in the pentagon, we are failing in the first mission. i know it is a lot of money and there is big bureaucracy and a lot going on. we ought to be able to do an audit that tells us where we are spending the money. it is that simple. mission.he pentagon's i want to specifically think mr. conway for his great leadership on this issue. who knew having an accountant on the committee would be critical? we should have known that. we appreciate his leadership

commerce is only supposed to make us better merchants. means to an end, how do we become better merchants? the holiday season demonstrated that. departmentder pressure did well. ulta, inlmart, target, every category they have found ways to compete in the hyper repetitive -- hyper-competitive environment. smaller base, but they are making great strides and connecting with consumers. julie: so it is not online versus brick and but amazon versus everyone else. amazon is in ember of the it must feel but like when walmart was expanding in the 1980's and 1990's and taking retail from others. is that a challenge that you remember? matthew: with retailers, there has always been disruption. 125 years ago sears was disrupting general stores on the prairie because they had a catalog. 50 years ago, it was walmart. there has always been disruption. now it is taking place with the level of velocity unlike anything we have seen before. that is true in entertainment, health care, everywhere. it is transparent because we all have relationships as consumers with businesses here to we think we know what is happening because we see a store and question what

us. alix: over the next two weeks, the commerce department must decide whether to impose a tariff on aluminummports from canada. >> the american aluminum industry has been severely damaged by unfair foreign trade. foreign imports have flooded into the market, destroying thousands of great american jobs. jobs that are no longer. alix: joining me now, mike bless , century aluminum ceo. the own facilities in kentucky and west virginia -- he owns facilities in kentucky and west virginia. great to see you. what is your level of confidence? mike: we are highly confident the report will go to the president and it will be a positive one. alix: what is your level of confidence he will act on it? mike: we believe that the experts and the white house. we are really confident in what the data is going to show. david: what is the overall worldwide capacity aluminum? can this take care of that problem? mike: absolutely. the world is long aluminum. state actors support their aluminum industries and create excess production and export u.s. -- export to the u.s. we think a 20% tariff on all primary aluminum i

us make the right choices as a government. as i notice i was could is a key priority for the department of commerce and for the administration. as many of you know last may the president issued an executive order on strengthening the networks and critical infrastructure. among other items the order sought -- botnet attacks can extremely damaging and to put the broader internet at risk as well as its users. the department of commerce and the department of homeland security identifies actions by stakeholders recognize we cannot solve this problem throughve government regulation. earlier the department issued a draft report on enhancing resilience against botnets. we relied on an open and transparent process tond generic ideas in the report and what you think those of you who participated. the report outlines positive vision for the future as well as five couple , ventricles that wd improve the resilience of the internet. it suggests activity to be undertaken by both the government and private sector actors.. botnet attacks are global problem. really any solution will require the entire ecosystem acting in concert. we're not sta

northern ireland here, we interviewed a judge, who used to work for itc, and she gave her, saying it was an independent process. the commerce departmenthad been done and it determined there had been wrong done by money given by foreign governments, the canadians and the uk, they came up with a tariff, 300%, but if the itcjudged there was no harm that tariff would go away and that is effectively what they have done. we don't know why they have done. we don't know why they have done. we don't know why they have determined there was no harm to boeing, and we will find out in more detail, but maybe they have decided boeing did not compete in the same space and they were doing well otherwise, maybe, but essentially they have decided boeing wasn't hurt by this subsidy given to bombardier and the tariffs now go away. it impresses upon us the importance of the independent oversight when you are dealing with international trade. absolutely. oversight when you are dealing with internationaltrade. absolutely. we talk about donald trump, and we see him in davos today, reiterating the america first policy and talking about how they will crack down

us a little bit about what he did. because he was extremely active. the commerce department had a reputation of being kind of sleepy. it was relatively new. it was said the commerce department you put the light on at the lighthouses and you put the fishes to bed at night. but hover was was -- hoover was a man of business and really utilized the position to cause changes in industry and cause attitudes in industry to change. could you say a little bit about that? >> the hardest part of this book to write was about the commerce years of hoover, eight years in that position. because there is so much to talk about. there is so much he did in those eight years and there is so much material, i frankly did know how i was going to get through that. i think that's why i'm the first guy to ever write a start to finish biography of hoover by himself because there is just so much in there but he, he basically laid the foundation for the contrary broadcast industry for both radio and for television. he laid the foundations of commercial aviation. he organized nation's traffic systems. he laid the groundwork for the explosion of

commerce and labor department. those departments send out economic data that investors and economists use to tell you where things are. they could be left in the dark and that could have an affect on the president's favorite metric. i do want to remind everybody, in 2013 the cost of that government shutdown was thought to be about $23 or $24 billion. so there is a real impact. but i want to talk more about the potential impact of this shutdown that is under nine hours away. i want to bring in seth harris. a former acting u.s. labor secretary under president obama. and before we get to the details, this business about government data, we so depend on understanding employment statistics and employment numbers. economists and investors need that information. right now we're looking at a dow almost break even. it has gone up for a long time in fairness. but that is an important matter to the economy. >> no question about it. the data that are put out by my friends and colleagues at the bureau of labor statistics and census bureau and other agencies in the federal government is critical to understanding how our economy is

us with the details kcbs radio's financial reporter jason brooks. >> reporter: good morning. consumers definitely were generous in december for the holidays. the commerce department sales were up a solid 4/10ths of a percent. a lot of money spent on home furnishings and furniture, also building materials and garden equipment and online sellers had a huge month! department stores continue to struggle. sales were down from november. restoration hardware and williams-sonoma are seeing their shares rise off this solid report. san francisco-based wells fargo turned in mixed numbers for the 4th quarter in its earnings report. it took a big charge though for its legal issues more than $3 billion one-time charge due to various missteps including its fake account openings scandal. shares in wells fargo down 1%. facebook shares are diving in the early going after announcing changes to its newsfeed to focus more on friends' posts and photos rather than business and media. >>> the dow is up another 120 points despite facebook falling, the nasdaq up by 9, the s&p up by 7 points p back to you. >> thank you. >>> time now 6:45. let's get a check of the roads with jaclyn. >> you

department of commerce. >> thank you. >> well, i'd like to thank our first group of presenters, jeff, anant, and ben, for giving us a lot to think about. and certainly what your presentations have generated a lot of questions amongst this group and probably beyond. so, i'd like to just start our discussion with a question and then invite any of the rest of our participants to join in and pose questions. let's just have a free flowing discussion about what we've heard in this first section. i'd like to begin by asking each of you to comment briefly on when you were considering your unique approaches to meeting students' needs, how did you go about considering the question of delivering quality and ensuring quality? >> i can give a quick answer to that. so, we built minerva -- actually, we just published a book if you're interested in how we built it -- intentionally. and the idea was we started with goals. for our graduates. and then we worked backwards. so rather than saying, oh, you know, we have professors and departments and then how do we piece together what they do in order to assemble an education for the students

bear against us weapons and weapons systems of a quantity and quality we don't have any hope of matching. time for maybe two more questions. you want the last one? >> department of commerce or so often talking about the national security council in this war was prosecuted very successfully before the creation of the national security council. do you have any advice on is there some way we can correct the national security council, do we need it? or is there some way we can go -- i just like your opinion on the. -- on that. dr. kennedy: if i understood you correctly, you correctly note that world war ii was prosecuted before there existed a national security council. purport of your question to say if that was exist without a national security council, do we need one now? i'm not sure i'm confident to ask that question. i need to think more deeply today'secisely what national security council does and doesn't do. i will say this, however. for whatever it's worth, and it might be very little, but in a wase, world war ii strategically simple. we had two major adversaries and we knew what it would take to defeat them. the question was simply to organize ourselves properly an

us make the right choices in the government. as i noted cyber security is a key priority for department of commerce and for the administration. last may the president issued an order on the networks and critic critical infrastructure. and bot net attacks can be extremely damaging and put the broader internet at risk, as well as its users. the department of commerce and department of homeland security, look at stake holders. earlier this month the department issued a draft report against bot nets. we're live on an open and transparent process to generate ideas on the report and i want to thank those who participated. the report outlines the future and five goals to improve the resiliency of the internet and supportive activities for the government and private sector actors. bot net attacks are a global problem. no single government or sector can solve it in isolation. really, any solution will require the entire eco system acting in concert. we're not starting from scratch. there are tools to mitigate, but they're not widely used. changing this will require changing air awareness and market incentive that will find a sweet spo

safety on our roads, a priority we share with your commerce -- with your committee and the department of transportation. passage of this legislation will allow us to realize the three transportation revolutions we so often talk about. shared mobility, electrification, and automated vehicles. enhanced by digitalization, which some consider a fourth. automation and digitalization are disruptive innovations, especially for auto makers. and we're driving this new future as an industry. the clear societal opportunities and what their related technologies can offer is what is motivating us to rethink mobility in the most comprehensive way since the 1890s. as the ceo of silver car, a disrupter in its own right, and the president of audi mobility u.s., i'd like to share some insights into where this new frontier of automated, electric, and shared mobility as a service is headed. and while some skeptics fear job dislocation from disruptive innovations, the fact is, disrupterers have created new categories of jobs that didn't exist before. existing sectors will continue to expand and transform in a range of new jobs will be created for workers across all

commerce department. this has been a source of friction for some time but the u.s. has been treading whether lightly because they are usingn part of the negotiations with north korea. this may have been a bit of a wanting to president she that this remains an irritant in the relationship. whether or not trump goes through with some actions, he butpullback in the past this is a longtime issue for him at least since the campaign. the president has less than 90 days to make that decision. but is making the case for steel tariffs, is that easier for the trump administration then calling china a currency manipulator? affectsy well be and it more directly some u.s. industries and it can be cashed in broader terms. theses to the heart of more visible to the public than currency manipulation. >> let's talk about this issue at hand in washington, army or are we not going to see the government shutdown? >> it is a closely as to whether that will happen. tonight, the the public leadership is meaning in the house with their members to present a plan for what is called a clean, continuing resolution which would keep the government ope

dual use export control system, and as a result of the effort, he helped lead part of the defense trade system. also during this time, mr. wolf was the primary commerce department representative to sifius. mr. segal is the ira a. lipman chair and director of the cyberspace policy program at the council on foreign relations. an expert on security issues, technology development, and chinese domestic and foreign policy, before coming to cfr, he was an arms control analyst for the china project at the union of concerned scientists. he's been a visiting scholar at the hoover institution, at stanford university, the massachusetts university of technology's center for international studies, the shanghai academy of social sciences, and the university in beijing. ms. mclernon is president and ceo of the organization for international investment, representing the unique interests of u.s. subsidiaries. with a strong background in economics, her efforts focus on the important role u.s. subsidiaries play in the american economy and policy issues that would make the u.s. a more competitive location for foreign direct investment and job creation. prior to be named president a

see that later this morning when the department of commerce releases their numbers so we'll be releasing our final numbers for the holiday sales period. >> give usth of 4.2%. >> our forecast was 3.6 to 4 and steve liesman and i have a bet on whether who is taking the over and the under. >> i think we'll on the high side. >> you probably nope what the numbers are later today. >> we don't get commerce. >> that's an input into our final numbers. >> at 8:30 we'll get that and i think we saw from thanksgiving weekend it was very clear consumer is back and retail is a good place and i think that's carried through most season and we'll find out later this morning. >> mark, how but do you think you've turned a corner how dependant is it on the economy and the consumer doing well and how dependant is it on retailers kind of changing how they do some of their presentations in. >> for us i think that's about how the consumer feels at saks that's what we're focused on, a good sign and a good way to propel us into next year. >> sure. where are you in the -- everyone thinks that amazon is going to kill every retailer in the world. where are you as far as digi