for these reasons the committee sent a letter yesterday to wilbur ross the secretary of commerce. we gave him until next wednesday to produce a complete and unredacted set of documents we requested last month. i ask unanimous consent to place this letter in the record and that it be made part of the hearing record. so ordered. these documents should be made available to congress, to the judiciary if necessary and to the american people so that they all have confidence in the census numbers going forward. so far the trump administration is tried to keep this information secret from everyone. as our letter explains its secretary ross fails to comply momentarily he will receive a dlfriendly subpoena. the constitution charges congress with -- over the census and we need these documents to ensure that it is complete and accurate. our witnesses today are experts in the field of data science census operations in and the use of census data byy cities and states to provide services and improve the lives of the american people. i look forward to hearing their expert opinions about the new d

wilbur: that is obviously up to him.you know, it passed both houses with overwhelming bipartisan support and so i would hope that he would consider looking at it favorably. but he's the president. there's only one president at a time. and it's his decision what to do. shery: commerce secretary wilbur ross there. more pressure on china. republican lawmakers have written to the commerce secretary urging tighter restrictions on chinese chipmaker smic. president trump recently deemed the company a threat to u.s. national security. there are ways for smic to avoid trump's crackdown. bloomberg's tech reporter ian king joins us now. last week when we got the new regulations from the u.s. it looked like the company was in big trull. now we've got hawks complaining they didn't go far enough. what do we know? ian: that's exactly right. we've got basically two conflicting opinions going on here. for those that are sort of very aggressive toward china, they believe china -- that the u.s. needs to be push this as far as it possibly c

that is wilbur ross. secretary of the department of commerce. this is bloomberg. ♪ david: this is "balance of power" on bloomberg television and radio. after a tumultuous year in washington congress has the opportunity to go back home for the holidays, having done a lot at the end. yesterday approved a $1.4 trillion spending package that will take the government through september, and a 908 alien dollars stimulus package that had been debated back and forth -- a $908 billion stimulus package. this is we are waiting on who will control the senate based on the special elections in georgia. we talked about all of that with the senate, dick durbin of illinois. we also talked to them about the cyberattack and how important it is. this is what he had to say, in part. : we have to make it clear to the russians this is unacceptable and there is a price to pay, whether the prices publicly disclosed i do not know. i am talking -- i am counting on the next administration to take .ladimira putin seriously there is a blind spot in the white house when it com

great to see you, wilbur ross on china.peaking with a man behind a start-up, that's coming up. you're watching mornings with maria live on fox business. ♪ ♪ ♪ ♪ experience the power of sanctuary at the lincoln wish list sales event. sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first month's payment. maria: welcome back, developing the case, the cars of the future, lead art technology enables vehicles to see surroundings without the help of a human driver. joining me to discuss leading developer of the very technology, ceo omar, great to have you this morning. thank you very much for joining us. tell us about driverless cars of the future. are these all artificial intelligence, ai? >> no, it's actually -- it's a device, it's actually a sensor that provides the car 3d vision and allows it to understand much more clearly what is going on around it in order to make right decisions and to avoid any problems and have safety. on top of it, there's a lot of ai but provide 3d understan

and it is his decision what to do. ♪ rishaad: commerce secretary wilbur ross.l global, as they look at emerging-market debt, they prefer it over developed market ones. they say they have the potential to offer high returns in 2021 as the search for yields remains a central theme credit investing. locals are saying e.m. debt is lower than emerging markets and certainly manageable. looking at pimco, they also like high yield, pimco looking at efforts by beijing to curb the increasing debt among developers to make the sector more appealing. the index of chinese high yielding dollar bonds, dominated by companies trading at a huge risk premium, 726 basis points over those of treasury. quick look at chinese equity markets as we go to the lunch break in shanghai and shenzhen, moving to the upside the moment, solid gains, in contrast to what is a mixed picture for equities in the rest of the region. a lot more on the way. this is bloomberg. ♪ ♪ there we go, this is a look at mumbai this morning, 22 degrees celsius, positivity with regards to the start of the session, b

second hour, steve moore, wilbur ross, commerce secretary wilbur ross and ed rensi.ay morning. vaccine has arrived. we saw the first person to be vaccinated in america, happened in new york city. those vaccines are rolled out around the country. market absolutely loves this. now this. >> the amazon impact is very clear. with two weeks to christmas those amazon delivery vans are clogging traffic all over the place. you see them everywhere. driving into new york city at 4:00 this morning i saw several getting a very, very early start. but you know there is one place where you don't see much amazon, activity, long eye hand city a section of queens, along the waterfront, new york city. this should have been home to 25,000 highly-paid workers. this was supposed to be amazon's new campus. it was a huge win for new york but alexandria ocasio-cortez did not like the idea of super wealthy jeff bezos having his own helicopter pad. socialists can't handle billionaires. aoc said no, we don't want amazon here. through a spokesman, mayor bill de blasio, said their plans didn't off

wilbur ross is speaking with fox news ring a.inistration could change the number of firms blacklisted by the u.s., but just seconds ago, confirmation of what was reported by reuters, that the u.s. has now dozens of companies in china. again, we understand through our reporting that donald trump is set to add around 60 more companies and their affiliates to the commerce department entity list. the majority are chinese and will join the likes of huawei, basically denied access from u.s. technology. this could have a huge impact on smic. already, the share price was down this morning on that report, and that is just confirmed by wilbur ross. theng up, we track ,oronavirus with andrew pekosz john's hopkins. this is bloomberg. ♪ ♪ francine: this is "bloomberg surveillance." as we continue to track the virus, bloomberg has developed a partnership with johns hopkins, at the forefront of the international response. every day we bring you insights from public health and emergency. miss. joining us is entered -- and emergency preparedness.

british government most of england under the current toughest level of covert restrictions case wilbur's spy role following the discovery of a highly contagious new strain. and new variant of covert has not been detected in the u.s. we crawl like a challenging year for the country worst hit by the.

wilbur ross they're speaking to bloomberg's david westin., france agreed to reopen its u.k. border. what does it mean for supply chains? we speak to a food distribution group. this is bloomberg. ♪ annmarie: good morning. i am annmarie hordern. france has agreed to reopen its border with the u.k., resuming critical trade lanes. eu citizens and residents will be able to travel after showing they have received a negative covid-19 test. french official said the goal is to have traffic moving this morning, almost 3000 trucks have been stuck in southeast england, threatening the shortage of fresh food in the u.k. joining us is natosha linhart. very good morning to you. thank you for joining us this morning and for your perspective. you serve some very big clients in the u.k. like aldi. there has been severe congestion of one shipping company. should we expect shortages of certain foods? all,would say, first of our partner in the u.k. good morning to you. thank you for having me on the show. unfortunately, we do live in this community and environme

i mean, lithium is used -- >> sure, but wilbur ross specifically. >> the commerce has an interest in increased supply of critical minerals that are essential for lithium, which is used in solar batteries and in electric cars, is a really important material, so you want the supply. the question is what's the environmental cost, what's the cost to native american communities and sacred lands that it's going to destroy, and that's where the balance comes in, and there's some real questions about some of these projects that are outstanding. >> so there's questions that are outstanding, when president-elect biden takes office, will it be too late to get those questions answered? >> i mean, for example, with the lithium project in nevada, that may get a record of approval in the next couple of weeks, and they would basically then have the permission they need from the united states government to begin the construction of this massive, one of the world's largest lithium mines that we have built in an area where there are these threatened species of birds called the sage grous and where they

that was commerce secretary wilbur ross discussing the develop going threat from china with espionagelectual property theft. this week he told me the department will add 80 companies to its blacklist, the entity list for national security reasons. of course, those companies are chinese, and they are dued to the chinese military -- tied to the chinese military and the communist party. joining me now is the founder of the atlas organization, he's the author of "china's vision of victory," jonathan ward joining us brought now. jonathan, great to have you, thanks very much for joining us. let me can you about the commerce department adding these companies to the blacklist and the implications of this. we know that president trump has already put an executive order in place banning investors from investing in companies that are tied to the chinese communist party. as a result, the msci index, the ft100 has dropped those chinese companies from those indexes. >> right. it's a very important move and, you know, overall all the fact that the u.s. government has put chinese companies into the c

commerce department confirmed the decision and secretary wilbur ross said entity list restrictions area message sorry measure to ensure that china through its national champion smic.

commerce secretary wilbur ross speaking to bloomberg.nt to give you an update on what is happening in hong kong. this media business. we understand from reports in a company owned by next digital is reporting their -- has been freed on bail. hong kong is going to appeal lai,st jim -- jimmy pro-democracy campaigner. he has been charged with endangering national security. he is now free on bail. good asristmas is as canceled for london's traders as brexit negotiations go down to the wire. we look at what this means if you are trading these markets next. ♪ >> we are in a crucial moment. we are giving at the final push. work with thee to member states. >> the final push. that was the eu's chief brexit negotiator speaking to reporters this week. london in the city of may have been hoping to unwind over the christmas break. they have been bitterly disappointed with last-ditch brexit negotiations down to the wire. many firms are warning staff the usually quiet period could turn frantic. here with us now is keith campbell. i had to take slight i

commerce department confirmed the decision and secretary wilbur ross said entity list restrictions are a necessary measure to ensure that china through its national champion smic is not able to leverage u.s. technologies to enable indigenous advanced technology levels to support its destabilizing military activities on friday china oppose the decision calling it a way for the u.s. to suppress chinese companies. if it is true this will be another example of the u.s. using state power to suppress chinese companies trying to firmly opposes it the u.s. politicizes economic and trade issues violates the principles of a market economy and fair competition it is a long been advocating and violates international trade rules it not only harms the legitimate rights and interests of chinese companies but it also impairs the interests of american companies that will seriously it was europe to the normal technology exchanges and trade between the 2 countries which and even among countries in the one you don't go further damage the global industrial chains which is why chains and value chains suit y

wilbur ross, the commerce secretary, said the action essentially establishes more fur screening for military say with only weeks to go the trump administration is continuing to pressure china. according to one analyst spoke to this expanding list is aimed at really ensuring the biden administration keep up that us pressure well beyond the current administration. you know, it does appear that there is bipartisan as well as public support for the pressure to continue. the publication of this new list is likely to inflame beijing. a florence ministry spokesman from china said... tensions as we know between washington and beijing have really escalated as president trump blamed china for the coronavirus pandemic this year. a national security law imposed in hong kong and disputes involving the south china sea, the us has also grown increasingly concerned about what they call china's military civilfusion about what they call china's military civil fusion which really aims to build up its military might and technological development at the same time. 0k, sharanjit, for now, thank you. let's get som

not just publicly and for security purposes, but at the corporate level as wilbur you have had variouss over the years -- where you have had various breaches over the years. side, on the economic this is sort of a supply chain problem? there is a company called solar wind. the u.s. government relies on a lot of contractors. how difficult will it be to disentangle and protect our supply chain? joe: right now i would not worry so much about that. the bigger issue is the coronavirus and the fact that a lot of factories were shut down in the spring that couldn't work because of restrictions due to the virus. havefully, therapeutics gotten better and the vaccines are coming out. that will help on the supply chain front. having spent most of my career on the private sector, many companies take cybersecurity seriously and my guess is that budgets will continue to increase. when we look at capital spending numbers, certainly computers and intellectual property, software, those things that would be related to cybersecurity, when you see those numbers, you see a big increase. that will, for bett

wilbur ross says china is the greatest military and economic threat in asia.understatement. she's here. >>> first great vaccine news yesterday but you wouldn't know that from the reporters questions to mr. trump. watch this. reporter: why not include members of the biden transition team as part of this summit that you're hoisting today? stuart: they went downhill from there as a matter of fact. joe concha is here discussing that in just a moment. seminole stuart: doordash, very important ipo, going out today. supposed to hit $102 a share. but we got a new price range. susan: opening at 125 but now $130 in the day one debut. remember they sold shares at 102? this is no the explosive snowflake 100% plus gains on day one but still pretty good. stuart: fantastic. it's fantastic sure. susan: not 100 but we'll take it. stuart: anything on airbnb? susan: we're looking for the confirmed pricing later on tonight from the underwriters. according to reuters reporting it will be priced between 56, $60. no increase from the price range what they indicate ad few weeks ago.

commerce secretary wilbur ross will be speaking with david westin of bloomberg television. i really want to hear what he has to say about the russian hack into a number of u.s. agencies. we haven't talked that much about that, but we keep getting dribbling's out of all of this, and frankly, it does seem like a pretty significant story. tom: i will admit, with the new slope, we have underplayed the russian hack. wonderful team on this. we will focus on that through the morning as well. right now, i think it is important to look at the data and go right to the equity markets because that has been the great mystery into 2021. red and green on the screen, but the nasdaq 100 buttressed up near record highs, up 0.4%, 49 points. 12,700 is the operative statistic there. the dow pack above 30,000 on futures. the yield space matures, but weaker dollar coming off the gloom we saw yesterday in that flight to strong dollar. we basically reverse that with euro $1.2241. i guess i will mention gold. thank you, did this goldman, for wisdom there. the ounce. thishan joins us on market. you l

that is according to wilbur ross who spoke to fox news.hineseklist prevents companies from buying u.s. technology. negotiator warns that time is running out to reach a trade agreement with the european union. boris johnson says talks will fail unless the eu backs off of its stand on fishing rights. behind the scenes officials say talks are progressing and negative language can be just a negotiating ploy. fedex is trying to keep up with expectations and jumping costs to help profit margins in the second quarter and its third doubt about how much fedex will cash in from a record package delivery. shares are lower premarket. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta, this is bloomberg. wanna lose weight and be healthier? it's time for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time.

he will be speaking to wilbur ross, u.s.secretary. ♪ ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. we will start with a check on the markets. we turned to abigail doolittle. not a lot of action. a little softness. abigail: relatively quiet day. volumes are well below the 20 day average. a lot of investors already heading towards their holiday break. we have taken a small light lower. right now the s&p 500 headed for its third down day in a row. the bears trying to take control. on the upside we have apple and that is one reason we do not have a bigger selloff. apple is one of the biggest component of the s&p 500, up 2.4% on a report they may try to enter the electric vehicle market. tesla down for a second day after the company has been added to the s&p 500. also risk

the president has wilbur ross, steven mnuchin, bob lighthizer, steve bannon, reince priebus, you keep going down the list. he says okay, everyone, what do you want to do about nafta? then you have gary cohn and some of the smartest people on these topics and their whole lives are based on these topics and they fight. the president referees this argument and he learns from the best people. here is the lesson for everyone, he is the same person he was back in january 2017 and he ultimately drives the debate, he is the referee and the decision-maker. when he sends his negotiators to the house and the senate and says negotiate this bill and they are talking to them the whole way through, they are telling him what's going on but then they come back and the bill comes in and 90% of what they talk about is in there. the problem for the president is 10% of this stuff for 15% or 20% is complete garbage. he hadn't from the very beginning and he isn't now. unlike other people as charlie alluded to a second ago, he's not what most people are like in d.c., he's not can eat the 20% in that bill tha

. >> i would vote for her in la because wilbur seen happen with mayor garcetti always seen the hypocrisyvin newsom, it's unbelievable. it's unbelievable. here are people who are really literally taking jobs away from hard-working americans and it's not just the restaurants, steve. it's the farmers and waiters and their families and their children and they want to walk around and like avenue some they spend $22000 like it's nobody's problem and they don't have their masks on and they're sitting next to each other and then they come out and tell us what to do and i totally agree with you and jason. i think it's a shame and i think the american people are waking up. no one will put up with this for much longer read these democrats are going to realize that and it's not going to happen and if the shutdown lasts longer and throughout the next year it will be a huge problem for the democratic party. steve: i strongly agree with that. thank you both. coming up, there were fantastic new republicans, members of congress, elected this year and one of us -- one of them joins ♪ steve: welcome back.

there were plenty of people, wilbur ross, sonny perdue, elaine chao who were confirmed by overwhelming bipartisan margins. regardless of what happens in georgia, you are facing a very closely controlled senate. the most important thing you have in the senate is floor time the minority or any single senator has the ability to slow down your floor time and that's one of the challenges stop every nomination, if it is contested is time you are not spent doing other legislative business like getting bills passed. so whether you have 59 or 60 votes in the senate as we had in 2009, it certainly affects who or put up when you put up 48 50, like the biden team has, that makes a big difference. mo: do you want to add to that? the game has that totally changed. we are going to see closer votes on these nominees just because of the polarization we are experiencing in the country. thing amost important nominee or president-elect candy for his or her nominees is to put forth people that are immensely qualified. there are people that exist like colin powell, still, and in partisan places that we all

steven mnuchin, he has got wilbur ross in his cabinet, that kind of thing.ouncements made the other day on the economic team. to me they were so glaringly academic. you wonder, are these people up to the task? i mean it is one thing to study economics. it is also one thing to be out there in the real world to know how to do it? one thing you can't take away from the president the fact pre-pandemic, even during the pandemic the economy was roaring on the way up into march. he got it back pretty quickly. >> because you set a good foundation based on business. money doesn't care about the color of your skin, the age or the gender. money will work when it is treated best and in the economy it is about what works. president trump put together a team of even rivals to some extent in different approaches. what they were a team of experts who understood tax policy, trade policy, commerce, interstate. they understood foreign trade and how it worked. as a result you had a foundation and an economy could come back and i would urge everyone, look at weekly numbers when

"better homes and pardons. [ laughter ] and steve mnuchin was honored by "mnewsweek. [ laughter ] wilburs was featured on the cover of "117. [ laughter ] mike pence was given the honor from something called "this is a magazine." [ laughter ] and finally, rudy giuliani wasfeatured in "field and streaming. there you go [ applause ] congrats, you guys, on those covers and this is just wild. it just came out that trump's chief of staff told the head of the fda to approve the pfizer vaccine today or resign. trump's like, "we need this vaccine today for a virus i've ignored since march. we need it today." [ applause ] i think we let the fda have their moment i mean, 80% of their job is just putting out lettuce recalls. [ laughter ] give them a little something i've got to say, though, in trump's defense, if the fda is allowing pizza hut's triple decker box, then this should not be a problem [ laughter ] meanwhile, i saw that walmart is preparing to administer covid vaccines at its stores [ applause ] that's the good news the bad news is they're gonna be given to you by a walmart greeter. [ aud

national space council today, but the star of that show, in my opinion, was secretary of commerce, wilbur ross. >> similarly, japan became the first country to bring back to earth the soil sample from an astronaut. [ laughter ] looking ahead -- >> jimmy: don't look too far ahead. [ laughter ] not too far from being a soil sample yourself. you know, i wonder what will happen to the space force once joe biden comes in. i mean, i have a feeling it will be similar to what happened to radio shack. [ laughter ] and how did mike pence, a guy who believes that jesus had a pet dinosaur, become our top authority on science? i mean, he's had quite a run. to honor this administration's unshakeable promise to totally imaginary branch of the military, we put together a loving tribute today to honor mike pence's commitment to space. >> the time has come to establish the united states space force. the united states space force. the united states space force. space force. space force. space force. space force. >> golf course. >> space force. >> golf course. >> space force. >> golf course. >> space force.

secretary wilbur ross made the announcement. >> what this is all about is these are companies that are the people's liberation army. >> ross added the goal is to stop u.s. technology from helping china build its military. the list also includes entities from bulgaria, france, germany, italy, hong kong, pakistan, russia and the united arab emirates. for two decades, china has hacked into u.s. companies to steal their secrets. the justice department caught chinese state sponsored hackers doing so to u.s. steel in 2014 undercutting the competitive edge, price of steel and causing americans to lose their jobs. >> what they did is hack into u.s. steel computer networks, look for the intellectual property, stole the formula, stole the secret sauce, and then gave it to their own companies. >> what the fbi refers to rob, replicate and replace. they hack into american companies and rob intellectual property. and companies in mainland, china, they replace american companies by dumping or otherwise violating international trade laws. >> then there was the cyber heck link to china for the special

he could pick like the worst republican elected official in the world and it wouldn't be as bad as wilbur ross who is basically mr. burns from the simpson's. biden's picks are adults and human beings but i just feel like it is the attitude that democrats go into governing with which is we're going to find a way to work with them and republicans go into governing with the attitude of let's destroy them. we'll destroy them. we'll destroy them and take all their power. it is a different mindset and i don't know if you believe, you know joe biden. can he actually pull this off? because the other side is not willing to play bipartisan. they just want to destroy the democratic party and take all the power. >> i have to agree with how pernicious the republican party is today and has been for a long time. but i'm not sure there's anything you can really do about that. unfortunately, it's become trump's party and i think it may continue to be. i don't know. i'm probably not the best person to predict that. i thought trump was done when he said i like people -- i don't know but it seems like this c

people like wilbur ross and elaine chao and sonny perdue were confirmed by large bipartisan margins.ant precedent that ought to be followed. that being said, we know another precedent and we know what happens when these people don't get confirmed, and we saw that with the trump administration, where he essentially ran an entire government with acting officials. at the homeland security department right now there has not been a senate-confirmed secretary since april of last year. so about 19 months right now. so having gone through the process, i think it's important for nominees to get prepared, to answer questions, to talk about why they're qualified. i think it's important for the senate to consider the qualifications. i don't like the idea of a government run by acting officials. i just don't think that provides the right level of accountability. >> but one of the things you're saying there -- and this is one of the most bizarre stories of the trump/mcconnell era. is even with a republican senate donald trump just like -- they just did everything through actings. they used what's

wilbur, you opened up again in july. did people come in any numbers to your resort?and. yes, people started coming back to our resorts. we have in july it wasn't that great, but i think as the people started getting more confident in the destination, we have seen more and more people coming back to turks and caicos island. stuart: but you're not back to normal, are you? you're not back to anything like -- 2019 was your record year, your best year ever, but 2020 is not going to be even close. >> absolutely. oh, no, not at all. i think we're at the moment in the recovery space, and that's really where we're trying to promote to travelers that it's a safe destination. were done everything in terms of putting the necessary protocol into place. stuart: well, did you get any-from the government? america -- help from the government? america as has just passed or is about to a pass this aid bill. dud ocean club get any of the money? >> no. this is -- no, ocean club is also in the caribbean, so that is outside of the u.s. territories. but the local government here, of course,

one story that i got to see in person was about wilbur hofman of l world war 2. mary asked if there was some way to be recognized for his world war ii service. she discovered he was not only eligible for a purpl heart. he had been wounded on d-day in 1944. he had also earned the bronze starnd ranger tab awards. so in 2012 he was presented with these awards by our state's highest ranking military offir, general haston at a ceremony i attended. he died a year later. each fall kay durham works through about 150 tennessee applications to attend our nation's service academies. she's worked with over 2500 candidates applying for thosing academies. there's no better state directors than patrick jaynes. he has served as deputy chief of staff. i've traveled thousands of miles with patrick. he's not run into anybody, but we've been through a lot of flat tires and some speeding tickets patrick and i have seen it all. he's full of insights. he's got energ for the next event and can always solve a problem. during my time in the senate the conference elected me three times as

had done quite a good job with the economy free pandemic, people like steve mnuchin, larry kudlow, wilburexperience, this is all going to be very interesting as we watch it play out. neil: normally a senate no matter who controls it will, by and large, deep for to the incoming president and accept his choices, not all the time but most of the time. how do you see this? >> they are going to accept all these people except maybe tendon, she is so controversial and partisan. she was doing tv attacking mitch mcconnell not long ago. there will be a lot of focus on her. the markets like janet yellen, speculators love lower interest rates. here is my take away from this. listen to these folks, very high-minded rhetoric about the middle class, you forget a few things. the middle class was doing well pre-covid. we are not coming out of the depression, there was rising wages on the low end. when we had covid donald trump, larry kudlow, steve mnuchin, working with senate republicans and democrats in the house passed stimulus bills that saved the economy from depression. i don't know what kamala harri

wilbur? >> oh, god, can you hear me? i'm sorry. >> we can. >> good. i just wanted to make a comment regarding dr. tubman's suggestion to turn this discussion point into a voting question. i believe -- we had discussed that, if we were -- if we should do this, but we decided, because of the complexity of the situation and, as you said, we had not only one, to the two companies, to not turn it into a vote at this time. we didn't really ask this discussion point to be a voting question a week ago. but i think what we would like to hear from the committee, and i have heard some committee members here opining very clearly that the support and the open label design, or crossover that moderna is such a thing and others are pleading with a blinded crossover. so, if we hear the committee members to speak out on these very specific issues, what they would suggest and what they think should be done, then i think we have reasonable guidance from the committee in how to proceed with our discussion over the respective companies over the next couple of weeks. in ter