secreta secretary designee wilbur ross. he will say he's not anti-trade but the billionaire investor will argue that the united states should not allow for malicious practices or unfair subsidies from foreign trading partners. he will have a fair trade argument instead of saying he's anti trade. >>> on trump's pick for commerce, ross has promised to sell his stake in his main private equity firm, divest all sorts of other assets and revine from corporate boards. he will keep interests in lending and shipping. >> two other private equity giants joining us in the next half hour. we will discuss wilbur ross's appointment with them. financials in focus today. goldman sachs and citigroup set to post results before the bell. goldman premarket is up sh, mor

point about wilbur ross.e coveredmeone before, but now he is trump's pick for commerce secretary, so the story goes into how he puts his position on a trade, so to make that point, we have him putting on a make hat, but discarding the hat with the chinese flag on it. carol: he looks like an everyman, but everybody who knows wilbur ross or reads this story know that he is a successful multibillionaire, where's velvet slippers, so it is funny to see him with the hat and smiling. thee is obviously big in finance world, but it is hard to tell how many people in the public sphere know him. theer: let's talk about international cover, also business focused, and focused on two of the biggest startups in the u.s.. excerpt, andgood we came up with this cover line, which is technically two ideas, but the total value of uber and airbnb, so we thought that was a catchy headline. we made it golden glowing to emphasize this is a lot of money. carol: it almost looks like a moebius in science. >> it looks like it's trying to

carol: in this week's issue, wilbur ross. oliver: the consequences of what happens when international trade agreements are broken or dissolved. carol: russian television fawns over trump as though he were a pop star. oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief of bloomberg businessweek megan murphy. we have a new president, very unpredictable. that should be freaking out the business community, but they seem all in. megan: i was at davos. it was amazing how many global business leaders were saying how much he would improve the business environment. opening remarks focus on what you think when someone is tweeting policy. we see it in the drug market, autos, the defense space. you would think business leaders would be unsettled by this and that their business would be targeted, but when they compare and contrast with obama, that at least trump is visible about putting business first and a huge priority and that he will start dialogues with industry and identify where the regulato

unable to bulls bay -- on april fools' day, he turned this into wilbur ross.alled him aays distressed investor. he goes after bankrupt companies, textile, steel, takes them over. sometimes people lose their jobs. massarfound a carol interview where he said i am not able to. he doesn't like the phrase "vulture", i have found many interviews where he has rescinded that. in a lott it of different angles. the theme of being a vulture. he was going into companies -- he became a billionaire because of his fuel investments. reallyht up these willful still companies, combined them, roll them up and sold them to a indian billionaire. here are the things you should know, on the one hand, is all strategy, according to the person in charge of the fuel companies was not just to buy any old steel company. remember, he had been an advisor for years. instead, he was going and buying up bankrupt steel companies and buying only the assets. that way, he wouldn't have to worry about the liabilities. that would be all the obligations that are owed to workers and retirees. money. a

i don't think that's what wilbur ross has in mind.what he wants be to do is improve the trade deal between the three countries. tpp did a lot of that. state-owned enterprise. mexico just changed constitution to improve their labor laws to elevate the quality of conditions and opportunity for labor in their country. that was a direct result of the tpp negotiation. we should take advantage of this. nafta can benefit from that. why not bring the other nine countries along who want to have the same deal? i don't get it. >> remember, this is an administration that was going for tpp. going for multilateral trade deals and moving forward with trade and free trade. boy, the brakes have been put on that. tal kopan is here and eugene scott. interesting time to talking to outgoing cabinet secretaries when they watch the new team come to town. she was pushing how strong the u.s. economy is and how she this the incoming trump team is wrong about trade and about protectionism. she said she talked about wilbur ross about that. >> it will be interest

wilbur ross had a housekeeper who was undocumented. he did his best to verify the documents at the time of hiring, but it turned out that was incorrect. question bs is about investment tom price. more on that in a moment. >>> chuck schumer is calling this the swamp cabinet and calling the rushed schedule of the hearings. >> the past two weeks, we have seen repeated efforts from the trump transition aided and an betted by senate republicans, to jam through nominees to hide views from the american people. >> senator schumer says democrats may slow down the confirmation process. let's get more on the hearings -- no, there are more hearings set for this morning. steve mnuchin is up for questioning today. and rick perry will appear before the senate. this follows a day of tough hearings. manu raju has more from capitol hill. >> reporter: good morning, john and christine. four of trump's nominees getting intense questioning yesterday. mostly from senate democrats who were concerned about their ideological views. none more than tom price. con

senator, i know you spent some time with wilbur ross a few minutes ago, in that hearing. i want to get to him in just a minute, but let's start with the epa. oklahoma's attorney general picked to run that department, you've expressed some concerns about scott pruitt. what concerns you most? >> well, he's a professional climate denier. and i think it's really important to make a distinction between someone who's just a sort of run-of-the-mill republican, who opposes president obama's climate agenda, who may view climate issues differently than most liberal democrats. that would be perfectly within the bounds. we understand it's a republican administration. we're going to get republican appointees. but scott pruitt is absolutely out of bounds. this person has made a career out of undermining the clean air and clean water act. he's made a career out of undermining climate science and climate action. he was the head of the republican attorneys general association, and all they do is try to undermine the ability for the epa to keep our water and our air clean. so this is a ful

donald trump's commerce secretary pick wilbur ross will face lawmakers today.head of that hearing the famed investor has reached an agreement with federal officials to avoid conflicts of interests. if he's picked he would step away from invesco and invest shares of boeing. and delay hedge funds for up to six months after his confirmation. but nine passive investments he's keeping, those involving shipping and real estate. while he may face questions on these holdings, take a listen to what he said about trade. tariffs and border taxes in particular. whether you do trade through tax reform or other ways. look, he's going to take a bigger role in trade policies and immigration. many say his first goal will be to renegotiate nafta. and his views with china. what would he say about china and about mexico and all of this pressure that the president-elect has been putting on companies to get them to announce they're keeping jobs in the united states. >> there's a rift between republican and congress and the president-elect on tax reform. that will be interesting to s

maria: what is coming this upcoming week wilbur ross for commerce secretary on the 18th. and nikki hail, u.n. ambassador, when are you expecting, rick perry for energy. what are you expecting out of these hearings. what will be most important in terms of push lack o back. >> i am involved in nikki haley and wilbur ross hearing. i was surprised they turned the tillerson hearing into climbal e change. i was pretty well comforted by wilbur ross's understanding that we have to engage in free trade, i think what this administration will do is address the real abuses of many of our trading partners as it relates do free trade with america. i know they have their head screwed on right, i think he would make an excellent secretary. maria: i was reading the found thethe founderof paypal is consd to run for california governor, what do you think about that? >> that would be an interesting selection. maria, i am really looking forward to working with an administration that is not only headed by machine fro -- someons hadeheaded by private sector. and surrounding themselves with comp

carol: in this week's issue, wilbur ross. of whatthe consequences happens when international trade agreements are broken or dissolved. television fonds over trump as though he were a pop star. oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief of bloomberg businessweek megan murphy. we have a new president, very unpredictable. that should be freaking out the business community, but they seem all in. >> i was at davos. many globalng how business leaders were saying how much he would improve the business environment. opening remarks focus on what you think when someone is tweeting policy. we see it in the drug market, the defense space.

i think it will be interesting to hear from wilbur ross about china and trade and nafta, richard. >> providing you're looking at things in a transactional deal-making way, that's fine. but i was at a breakfast this morning where people are talking about you can't do that always with public policy. davos feels different. there's an intensity about what will happen. an uncertainty about future direction. and they really believe the rules by which they have lived their lives here for so many years are about to change. and they, frankly, don't know what to do. >> globalization backlash embodied by donald trump by brexit by a whole bunch of things right there in front of them. >> richard quest, nice to see you. >> put the cap back on that marker. "early start" continues right now. >>> big backlash after

wilbur ross, the billionaire businessman. banker, art collector, even assisted donald trump businesses in the past. is there anything on mr. ross' resume or business record that raises red flags or is wilbur ross a shoe int shoo-in to be tt commerce secretary. >> the president-elect's nominees showed a great diversity of experience whether it's in the private sector like mr. ross or the military like general mattis. one thing i'm pleased about for with the nominee for the commerce department is the focus on growing the economy. it's something all americans want. and wilbur ross has a strong record of knowing how to do that. i'm going to ask questions about how important it is to start unleashing the american private sector. to me that's a big strength of this nominee as well as many others. arthel: attorney general nominee scott price is the pick to head the epa. he has been criticized for having a reputation for putting industry ahead of environmental protections. mr. pruitt sued the epa14 times saying state should regulate

businessman wilbur ross is nominated for commerce secretary. and georgia representitive tom price has a courtesy hearing for his nomination as h-h-s secretary. it's a courtesy hearing because a separate panel, the senate finance committee, will actually vote on price's nomination.

the embassy in jerusalem and israel should be. >> thank you, hans. >>> commerce secretary nominee wilbur ross is before the commerce, science and transportation committee right now. this hearing had been scheduled for last week but the committee postponed it because the ethics paperwork for mr. ross was not ready. ross is a billionaire investor who is known in the financial industry as the king of bankruptcies. his firm busy struggling companies, reorgazes them and then sells them. nbc capitol hill correspondent kelly o'donnell is staking out that hearing for us. what's the headline been this morning? >> well, this hearing is different than some of the others you've been talking about because wilbur ross is not on a different page than donald trump for most of the topics that have been talked about at this hearing. one area where there is a difference is on how wilbur ross has handled that issue of separating himself from his businesses. he said when asked by democrat of connecticut richard blumenthal about his divestment and ross has divested about 90% of his holdings and he's a billionaire

there is the wilbur ross hearing. he is laughing about it. couple of protesters out. >> what do they protest at his hearing? stuart: he is republican billionaire. ashley: conflict of interest. >> another mark against him. liz: ash makes a good point about conflicts of interest, that is a theme, classic government corruption with the incoming trump administration. that is what the democrats will be talking about. stuart: one line of attack. >> someone will point out all these guys like wilbur ross and rex tillerson are willing to serve for a dollar a year. actually made enormous financial sacrifices. liz: some are donating earnings to the treasury. >> right. stuart: the line of attack which democrats will take against dr. price is being outlined now. let's listen in to senator murray. >> i would urge you to commit to providing us with additional information and answers to any follow-up questions we have in a timely and thorough manner. i'm looking forward what i hope will a rigorous and open discussion today, and i hope we all arrive at the ri

but overall, very smooth sailing here for wilbur ross. he's being treated with relatively kid gloves up here on capitol hill, carl. >> i'll take it from there. eamon javers and john harwood, thanks to both of you for monitoring the situation in washington. >>> to our other top story this morning -- big banks in focus as earnings continue and the conversation in davos gets under way. jpmorgan chase chairman and ceo jamie dimon joining "squawk on the street" last hour live from the world economic forum. number one on his list of priorities? tax reform. >> we need tax reform. we've been talking about this for a long time. we've been driving capital and earnings overseas for eight years. american companies are at a disadvantage. tax reform, repatriation would bring capital back here and plants back here. it is possible that some people are starting to spend in anticipation of that. so i've heard some ceos here say i'm going to invest already in anticipation. >> in advance of. >> in advance of. i think if you look at the regulatory side, there

he is concerned about making money as does wilbur ross. they will have to do what donald trump one them to do. -- wants them to do. inl street has rallied anticipation the dodd-frank would be repealed but i'm not certain that will happen in the first 100 days. mark: what elements of dodd-frank will be peeled back? >> the volcker rule does not make all a lot of of sense but things that do make sense that will be more difficult to repealed because the opposition would be reducing capital requirements. one of the good things about derivativess that are more transparent now. that helps derivative pricing. think you will get a repeal of higher capital requirements or a repeal of less transparency on derivatives. you might get a repeal of the volcker rule. a lot of good things came out of dodd-frank that will be probably capped. says the ruleson stymie his ability to lend. there is so much money locked away on a shelf, billions which could be put to better use. isn't that the core issue? >> i completely agree with that. you've got to let these b

in the hot seat commerce secretary designate wilbur ross.g before the senate finance committee. and congressman tom price you see him on the right, he's trump's pick of course for hhs secretary. he's taking questions before the senate health education, labor and pensions committee. price also expected to face some criticism about trades he made in health care stocks. we're going to monitor these hearings and bring them to you live as warranted. >>> when we come back, goldman sachs reporting earnings this morning. they beat on both the top and bottom line. firm says after a challenging first half the operating environment improved during the remainder of the year. we'll talk to goldman sachs ceo lloyd blankfein 11:30 a.m. eastern. you don't want to miss that. dow's down 15. carel00ur chfr viraheeduly toininr thneadncedind ngunsyll yif carel00ur >>> the confirmation hearing underway for wilbur ross at the senate committee for commerce, science and transportation. of course the post would be the secretary of the department of commerce. it was d

clearly from the tenor, kelly, it seems like wilbur ross will be confirmed here. a lot of the senators showing him deference today on capitol hill. >> thank you. jackie, you were monitoring scott pruitt's hearing. >> oklahoma attorney general scott pruitt on capitol hill answering those questions central to paving the way for his confirmation as the head of the epa. the hearing is being described as contentious and was interrupted at times by protesters. pruitt is known to be skeptical about climate change but took a more neutral tone at the hearings today. still, it's believed that he is going to follow through with trump's campaign vows, rolling back regulations to help promote industry. as ag in oklahoma pruitt sued the epa more than a dozen times. he said he would recuse himself from ongoing cases against the epa if there was an ethical requirement to do so. trump has said he would refocus the epa. that wouldn't mean abandoning everything but it would mean getting rid of some of the obama administration initiatives. a point of contention with pruitt as many tr

expect that's one risk that -- >> wilbur ross is not at all. >> well, wilbur ross, there's talk aboutt. if you look, they're more for fair trade versus some of the trade deals that we've gone through. i don't buy that they're going to be protectionists raising tariffs. that would shoot themselves in the foot. i think trump is trying to get in negotiating posture. >> thank you very much for joining us and that optimistic outlook. doug cote. ten seconds left. i suppose the focus all on the politics today. that's it for "worldwide exchange." "squawk box" comes next.id sharey rode here on the cloud. did not feel like a cloud... that driverless car? i have seen it all. intel's driving...the future! traffic lights, street lamps. business runs on the cloud... and the cloud runs on intel. i wonder what the other 2% runs on... >>> good morning. trump talks to the media. his first news conference as president-elect is scheduled for 11:00 a.m. eastern. it comes a day after a controversial and unsubstantiated claims that the russians have dirt on him. >>> tiller on the hill. he will begin his con

in from wilbur ross -- pivoting from wilbur ross to steven mnuchin, he spoke about the dollar, and saidrm he favors the long dollar, in contrast to a donald has said about the dollar being too strong. you believe in the progrowth agenda. how do you factor that into conflicting statements about the dollar? sen. thune: miller thing i was encouraged about and i talked about in the opportunity i had to question steven mnuchin yesterday is he is very pro-growth. there are different points of view about the value of the dollar and how that impacts the overall economy. the key is you want to strike a balance. part of the proposal that has been advanced by the house ways and means committee has a border adjustability provision, which includes adjustment of the dollar to offset a so-called import tax. there will be discussion in terms of the policy framework going forward, tax reform, trade, and everything else, about how the dollar plays into that. alix: right. sen. thune: as someone that represents an agricultural state, we would like to export and not having the strongest dollar is good for o

as content markets become more complex, the agents play a larger role. >> finally, quickly, on wilbur rossone of your own as commerce secretary. is that good for you, your industry? business in general? >> i don't think it will affect our industry. we have a lot of respect for wilbur as an investor, and he's following penny pritzker, an investor herself. we have high hopes for wilbur. >> steve schwartzman chair of the policy forum, is that an advantage or a disadvantage that he has access to trump more than you do? >> i don't think his access to trump will affect our returns. having good counselors around the administration will be helpful. >> great stuff. thank you very much for joining us. jim coulter of tpg. >> good to see you. >>> when we come back, we sit down with christopher eisgruber, the president of princeton university. "worldwide exchange" will be right back. >> we are here in snowy davos forum for the world economic forum. >> much more from "worldwide exchange" after the break. info. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your

carol: in this week's issue, wilbur ross. oliver: plus, the real consequences of what happens when international trade agreements are broken or dissolved. carol: russian television fawns over trump as though he were a pop star. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are here with the editor-in-chief of "bloomberg businessweek," megan murphy. in opening remarks, here we have a new president, very unpredictable. that should be freaking out the business community, but they seem all-in. megan: i was at davos. it was amazing how many global business leaders were sort of saying how much he would improve the business environment. privately, they were even more if you sit in their praise. -- even more if you serve -- opening remarks focus on what you think when someone is tweeting policy. we see it in the drug market, autos, the defense space. you would think business leaders would be unsettled by this and that their business would be targeted, but when they compare and contrast with obama, that at least trum

. >> i'm sorry to see about wilbur ross deferred through this.ave sailed through. >> it's -- it's the harry reid confirmation. they're all going to sail through. nothing they can do. >> but now he's been pushed back. >> we'll see. >> you have mnuchin -- >> how do you stop it? you need republicans to join in. and the question of why are they pushing them back? because they say they don't have all the documentation. this goes to the conversation we had yesterday -- >> and it's republicans in favor of pushing it back. >> john thune, chairman of the commerce committee is pushing them back. it's not just coming from one side of the aisle. >> the republicans decide on the date of the hearing, it has nothing to do with the other side. >> the chairman suggested the delay. >> all right. thanks, jeff. >>> coming up, much more on rex tillerson's confirmation hearing. we will talk to ambassador wendy sherman. and then robert shiller weighs in on interest rates and the health of the housing market. at 8:00 a.m., tom barrack. "squawk box" will be right back. >

wilbur ross who hopes to be the secretary of commerce. the people with extensive ties financial and also to foundations. and there's a lot of questions that i think americans and certainly democratic senator was like to raise, but they don't even have a starting basis to know the framework for these folks financials going into these hearings. >> newshour political director joining us from washington tonight, thanks so much. >> my pleasure >> sreenivasan: in an interview broadcast today, president barack obama said it's important for the president of the united states, "to know what you don't know." mister obama also told "abc news" he hopes the trump administration stops disputing the conclusion by the intelligence community that russia's president directed a hack of democratic party computers in order to steer the election against hillary clinton. >> the russians intended to meddle, and they meddled. and it could be another country in the future, it could be another election, uh, where the alignments between republican and democrats are

wilbur ross is the richest of all of them. he may be one of the most powerful. traditionally, the commerce secretary job is not the fanciest. wilbur will be important for couple reasons. he will have serious influence over trade, maybe even over infrastructure and certainly over fulfilling the blue promises donald trump made on the campaign trail. people should be watching because he will be wielding immense power. andd: he is a billionaire he is pushing populist proposals. how hard will it be for him to thread the needle? max: it will be really hard. he has been a pragmatist or opportunist. he became a textile magnate and there's all for free trade. no one knows wilbur ross -- what wilbur ross wants to do. he will have donald trump's here. david: you can read max abelson 's story in the latest "bloomberg businessweek." check out the cover story on the latest issue. this is bloomberg. ♪ scarlet: it is 2:00 p.m. in new york and 7:00 p.m. in london. vonnie: welcome to "bloomberg tokets." -- oliver: welcome "bloomberg markets." scarlet: we are covering stories out o

there are confirmation hearings today for wilbur ross in front of the senate commerce committee. nicki hailey, governor of south carolina, and u.n. ambassador nominee is in front of the senate foreign relations committee. and oklahoma attorney scott pruitt will be on cap stole hill as well. congressman tom price goes in front of the health committee today, though his actual confirmation hearing is actually a week away. the president-elect is also expected to meet with new york governor andrew cuomo. last night he was in washington with vice president-elect mike pence. pence tweeted, snuck? a dance with karen backstage tonight. couldn't wait for the inaugural balls to begin tomorrow. trump talked to the crowd of international diplomats about the man they are likely to be working with. the secretary of state nominee rex tillerson. >> we have a man i wanted from the beginning in rex tillerson. the lights are bright but i know he's out there. thank you very much. thank you, rex. i think it's covered, he's coming into a country, takes the oil, comes into another country -- it's tough

steve mnuchin his pick for treasury secretary, wilbur ross for commerce and andy putzer pick for labor. former goldman sachs ceos, ties to wall street. are there any ethical conflicts, conflicts of interest that senators need to know about before the confirmation hearings begin and part of what is fueling this fire. they feel like these nominees are being rushed through, nine confirmation hearings this week. we should say first up, senator sessions has completed his paperwork as has rex tillerson. these are going to be two of the more controversial picks, andrea. >> mitch mcconnell was just today -- let's go to donald trump right now. >> he loves this country and he loves china. >> i do, china and i love america. [ inaudible question ]. >> reporter: there were some questions about your relationship -- >> we'll talk more about that on wednesday. we'll be talking to you very soon. [ inaudible question ] >> we'll talk to you about that at another time. yes we had a great meeting. it's jobs. you just saw what happened with fiat they'll build a massive plant in the united states in michigan

thursday, james mattis, ben carson for hud and wilbur ross, commerce secretary nominee. it is a packed house over the course of the next several days. stephanie? >> certainly is. turn to our panel. steve, no surprise, the democrats don't like this. the republicans are saying, no big deal as far as disclosures, getting all the information out there. what do you say? >> saying this is sort of part of a trend. that's what this is. how many times during the campaign when it came to these questions of ethics, of disclosure. think of the whole drama over donald trump and his tax returns did we use that word unprecedented. it was unprecedented during the campaign donald trump didn't release tax returns didn't put them out. how many times we haven't seen a major presidential candidate refuse to do that in the modern era, yet donald trump for all of that concern and outrage managed to get himself elected president. i feel we are going through a bit of a replay on this. absolutely unprecedented that everything you describe there about right now status of these nominees when it com

>> wilbur ross is facing tough questions from democrats.ey moment was his particular position on trade policy. he said he is pro-trade and a lot of democrats and even some republicans trying to figure out where his worldview falls in line with president-elect donald trump. he continuously said he was opposed to the transpacific partnership. a lot of folks are actually in favor of tpp. they were grilling him earlier today on that particular issue. he seems to be a bit more in line with the business community and supportive of tpp than his boss. scarlet: thank you for the update. joe: staying on the theme of trade, the president-elect has pledged to renegotiate nafta to be more favorable to u.s. manufacturers or leave the 23-year-old pact. played a key figure in the creation of nafta. >> frankly president-elect trump is right in saying we need a new paradigm for trade. i think he has that more right than not. he said i'm not against trade. i am for trade but i am for fair trade. so let's see how that plays out. we have to be careful because t

. >> at the senate commerce committee we report out to nominees, wilbur ross and elaine chao, both of which are noncontroversial and should be cleared for floor action as quickly as possible. but as my colleagues have pointed out it's pretty clear this is nothing more than playing political games with his nominees, and nothing less of that. obviously the president won an election or key deserves to his people in place, and we want to be able to work with him. part of being able to get to work right away is getting your team out there. the democrats as is pointed out on day one gave president obama, or republicans i should take a president obama seven nominees and at the end of the too big. he got almost all of his nominees in place. we got to on day one, and everything now is a fight to try and get these nominees put in place. but they will get there eventually. the democrats can play games, but it's not going to end up in any result other than it's just going to drag this process out and make it harder for the president and his team to begin the process of governing this country. whe

annuity has watched as to confirmation hearings this month with the secretariat transportation and wilbur rosso doubt appreciate spectrum and the internet of things and cybersecurity and broadband deployment was a consistent theme of poseidon's of the ideal. another words no shortage of ideas as remove forward with the goals i have outlined. it is also important to underscore there is not a bright line between internet policy and the other key parts of our economy. the truth is with the agenda and for example, self driving vehicles is one of the most significant areas of oversight and use the term sold striving verses autonomous because as my colleague pointed out east of oftel the of vehicle where to take you. autonomous makes it sound it does not need you anymore. and we have saved lives with airbags and other smart designs all of these safety advancements palin comparison it will not, all once but it does have the potential of modern commercial airlines and some self driving cars or certain functions should be disconnected to minimize the risk but there are some obvious benefits that can co

next week confirmation hearing for beth say and wilbur ross, mr. trump's pick to run the commerce department. back to you guys. >> thank you. >> all right, now to extreme weather as the midwest prepares for bitter cold on and off freezing rain. expected to cover the central u.s., very dangerous under an inch of ice. >> the storm already causing a travel nightmare in chicago. train passengers stuck for more than five hours. the train literally on the tracks. >> on the west coast, 40% of california out of a five-year drought. that's the good news. meteorologist janice dean. janice: unfortunately abby, we are going to be dealing with ice storm, epic ice storm across the plain states, lock at the temperature difference. the cold air from the north, warm air, very warm air from the south and all of the moisture falling through a thin layer of freezing air right near the surface and that's why we are going to have potentially disastrous ice storm on our hands. let's take a look at the last 24 hours. you can see the set-up along the boundary and that's go

opponent have big questions qst about rex tillerson, betsy devos and commerce secretary sra wilbur ross all three businesses executives with net worth intoto the billions. the office of government governt ethics have not named themnamede specifically but did say some nominees have not submitted smit drafts financial disclosureisosr statements. incoming senate leader senator chuck schumegos reviews are done before an an actual confirmation vote. hill n melanie alnwick fox5 local news.. >> the house will meet at noonto and 2:00 for legislativeis business and 3 o'clock a news as conference will be held to discuss an over to the create an independent commission to investigate foreign interference in u.s. elections t many. >> virginia's general assemblyam begins its next session thisn is wednesday. a hot issue is distract driving. one lawmaker wants to ban celltn phone use in the car. in 2013 virginia bill while texting while chevy chaseegional services seri center. >> the brave or crazy baird it - didn't let a few goose bumpsoosm get in the way.. they rode metro in theirn the skivvies.ivvie

the senate will hold hearings tomorrow and nominees wilbur ross for secretary of interior and elaine for secretary of transportation, heather. thank you so much, kelly. >> are you saying that's a conspiracy theory here? >> we are not going to sit around and let it happen. we are going fight back tooth and nail every day and twice on sunday. chris: okay. heather: reince priebus also echoing the president's own statements following a meeting with the cia, assuring agents that his risk with the intel community was exaggerated by media reports. so let's keep talking about this, do you think the new administration should police media bias and hold the press accountable, weigh in during a live debate right after the show on facebook page, #keeptalking. clayton: madonna quick to backtrack after controversial comments during women's march on washington and drew attention from the secret service. >> yes, i am angry. yes, i am outraged. yes, i have thought an awful lot of about blowing the white house but i know that this won't changed anything. clayton: it was a metaphor posting on instagram,

businessman wilbur ross is nominated for commerce secretary. and georgia representitive tom price has a courtesy hearing for his nomination as h-h-s secretary. it's a courtesy hearing because a separate panel, the senate finance committee, will actually vote on price's nomination. you know what they say.. there's no place like home.. and tonight the wizards could extend their home winning streak. -the wizards 12 game home winning streak is currently the longest in the nba -that's their longest since 1989. -so what is the franchise record? 22 games. they are half way there. and look for 13 straight against memphis tonight. -only two nba teams have more home wins than the wizards: the cavs and warriors. the chargers move from san diego to los angeles has been everything but smooth so far. first fans burned team gear and threw eggs at the teams former facility.. and now more than 25 companies have joined team move. they created a website "we wont move you chargers.com". their headline. dear chargers we won't move you to los angeles, love your loca

vonnie: happening right now in washington wilbur ross nominated to serve as commerce secretary or itioned before the senate commerce committee. the north american free trade agreement is the first thing than a trump administration will deal with in terms of trade. he's also being questioned on climate change as the commerce department has jurisdiction over -- youional oceanic and can watch this hearing right now on the bloomberg at live ago. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn in new york. mark: from london, i'm mark barton. it shares of pearson plunging the most on record. the world biggest education company warning future dividends lower dividends and announced plans to sell its stake in penguin random house. joining us with more is rebecca covers telecom media. how you account for 31% decline in the share price? 1.8 billion pounds of value wiped away in a single day? rebecca: the market investors analysts knew there were problems in the textbook market in the higher education market. in the fall pearson executives were saying things i've not looking too bad. we t

peter navarro and wilbur ross papers, two of his appointees. navarro-ross paper is well beyond the due economics. the logic of it, the arguments made are so far out of the ofnstream of any kind responsible economic thinking that they are the economic equivalent of creationism. vonnie: for more, we are joined by tom keene at eurasia group office in new york. we don't have to ask larry summers when he is really thinking, do we? tom: exactly, it was stunning to sit with ian bremmer and listen to secretary summers. he is always interesting. everyone agrees he is brilliant wasn economist but this exceptional. it was extraordinary how when you went after the work of peter navarro and wilbur ross. vonnie: did he give any conclusions? did he say what would happen to as theyomy in an event would be according to that paper, for example? tradee talked a lot about and there is where i think he was more cautious. he set the tone of optimism about the near-term u.s. economy , much more concerned about the dynamics of our foreign economic policy and that cent

mexico is the trump administration's top trade priority, according to commerce secretary nominee, wilbur rossaking to us senators at a confirmation hearing on his nomination. mr ross said china was the "most protectionist" country among large economies, but said nafta is "logically, the first thing for us to deal with." shares in tv streaming service netflix soared as much as 9% on the news it is growing much faster than expected. netflix added just over seven million new subscribers in the last three months of 2016, a third more than forecast, and expects to break the 100 million mark by the end of march. netflix has invested heavily in original content while ending deals with top studios, a gamble that is paying off. financial markets. a mixed day. good news forjapan. financial markets. a mixed day. good news for japan. the financial markets. a mixed day. good news forjapan. the japanese yen weakening. you can see the pound is keeping a close eye on it. janet yellen talking yesterday in san francisco saying that rates in the us could be up again. they are predicting the month of march. that

the shift startles scientists. ,n the confirmation hearings wilbur ross to be commerce secretary, testifyingesterday. the headline in "the financial times" out of london, ross steps up anti-beijing rhetoric. then there is this about today's confirmation hearing. will have his confirmation hearing thursday. soon alleges major problem at lender run by mcuhcin. testifyingwill be this morning, donald trump's pick to be energy secretary. . you can watch our coverage of the energy secretary nominee at 9:30 a.m. eastern time on , and on thepan.org c-span radio app. will have coverage of the treasury secretary nominee as well. back to calls. john in great falls, montana. excited, john, good morning. president --caller: when president obama got in, i invested in some stocks, gun stocks, and they have done quite well in the last eight years. , see the same opportunity here to invest a little bit of money in a certain company and make some money, so i'm excited. want to know the company i'm going to invest in? host: ok. guest: proctor and gamble. grady in fayetteville, north carolina. i am very excited

and when i see him appointing poom he like wilbur ross to be secretary of commerce. someone who has decimated economy and revitalize. i think he realizes that he can't let these people down. they're the ones who elected him. and i think they saw as the last chance to save the america that they once knew. charles: wilbur ross known for going in the most distressed areas and building them into enterprises. brian, from a business point of view, you have the ceos here, the ceo of dow chemical kind of cobbled together this crew. and what i found interesting is if you look at the most interesting quarter, dow chemical his company, 65% of their business comes from outside -- came from outside of the united states. johnson & johnson, a big chunk almost half their business from outside the united states. international paper, i think the name says it all. so within 30 days, how do these guys come back with a plan that says i do a lot of business in china. can i build a factory there at least for my chinese workers? >> well, i think what they have to do is they have to make the

wilbur ross and matt don't modify their confirmation hearing scheduled for thursday.ruth be donald trump has his son-in-law, george kushner married to trump's daughter, said the will not take a salary. also resigned as ceo of his wrist become the ms publisher. the appointment does not violate a law that prevents government officials from hiring relatives. kushner is one of trump's most sensitive buyers during the presidential campaign responsible for the social media strategy. jabbar was transferred speech. members of the team many with past week upon mine to discuss an overhaul. the incoming white house chief of staff with a huge challenge here. jerry kushner top adviser. they were also on hand. ryan played to discuss the house gop tax proposals that was part of the parties better way agenda. lauren: jpmorgan chase ceo jimmy dunn is optimistic about the champ administration. he spoke to maria bartiromo in an exclusive interview. >> was direct dictation as a result of this proposed tax policy rollback of regulation. >> the focus has been on growth and you see it the t

wilbur ross said tariffs are a last resort. they'll be far more aggressive. we talked about uncertainty earlier. i'm not sure what the one, two, three agenda will be on trade. certainly far more active, far more hostile. we've seen it with twitter as you mentioned earlier. i don't know what it looks like. if we end up with broad tariffs and a trade war. but i think directionally that's where we're going. >> james, i saw a report over the weekend that senate democrats will try to stall some confirmation hearings for aide members or aide-nominated cabinet members under trump. it's an unusual move, but not entirely unexpected. how much will that muddy the waters further when it comes to policy clarity from donald trump? >> look. democrats have to show their people they have a pulse. they just lost a stunning election. they lost at all levels of government. they have to show they're doing something to fight. going after some of these cabinet nominees is the way they can. i think they're all going to get approv approved. it may hold it up for a while. i guess the

wilbur ross was same. nikki haley went one round. governor perry went a couple.eady and primed for confirmation. mike pompeo cia director could have been confirmed yesterday. elizabeth: are you pleased, he has his hearing and vote is on monday. democrats are saying, we want to make sure all the ethics is in. we can't to take our time, don't want to rush the process. one more is cued up for monday. your response to that? >> i hope we get them confirmed soon as possible. what happens today, obviously a number of national security conversations taking place. mike pompeo has clearance obviously but doesn't have the directorate ability or directorate authority because he hasn't been confirmed by the senate yet. these are important positions. we can't stall on national security. we know in recent reports north korea is preparing an another icbm launch or excuse me, attempted icbm launch. they continue to threaten the united states with rocket and nuclear weapon they minute at that rised on the rocket. these things we can't wait for. mike pompeo who i know in the house,

wilbur ross in his confirmation said we have to come back hard with terrorists.have to do something to level the trading field. we are make other countries rich. >> can you get any better than the lincoln memorial, fan fireworks? charles: i suspect a lot of people who watched that probably feel a lot better right at this very second and maybe 17 hours from now they will feel even better. >> the next 24 hours there are going to be so many images that are going to be hard for people to fathom. donald and melania coming down the steps of the lincoln memorial. donald with his hand on the bible tomorrow. these are images that are the foundation of our civic life in this country and donald trump is at the center of it. charles: donald trump began after the introduction, he thanked the entertainers. he thanked the military talents. then he said there has never been a movement like this. it's moyer and me and he wants to unify the country. i think that's the key. we all acknowledge how divide we are as a nation. i think of all the things we want in the next four years, a

we had tom price for hhs, wilbur ross for commerce. we have scott pruitt for epa. nikki haley and the u.n. post. there were arguments that came up in her discussion that i don't think i've heard in any discussion any wherever in the history of man kind and woman man kind. i'll explain. >> you won't shy away from threatening and actually enacting, withholding u.s. funding to get real reforms out of the u.n.? >> i won't shy away and i need your help to do it. i need to say i have congress backing me up, saying if this doesn't change, the funding will stop. i think that that could be great leverage. >> neil: good luck with that. because nikki haley found out today that pretty contentious hearings when you try to hold the united nations' feet to the fire as being one of the biggest financier, we account for one of every $3, every bets are off. john bolton joins us. what did you make of what she was saying? obviously the decision to let happen a u.n. indictment of what israel is doing and to call the u.n. on the carpet for that on these settlements and not expect some b

he wants to personally negotiate trade deals, working closely with wilbur ross, his nominee for commerce secretary, and then lighthousers apart of the trade negotiating team and gary koen as an economic adviser at the white house. trade will be a peculiar issue for the trump white house because so often presidents delegate trade. they have their ustr focus on it. but trump made it such an onus of his campaign that we're going to see him i think intimately involved in crafting the trade deals. as much as the ustr has been an important post, it remaim remai but there are so many people above you who have say. >> what is up first for the agenda for the senate? it will be dictated by what the house does. >> i think the senate is going to work closely with the house. i know the house has a huge stack of bills that they're going to send over very quickly. and there is also an acknowledgement that president-elect trump wants to sign a lot of things. he wants to be seen as a man of action. but the senate knows that things can only move so quickly, so i think while regulations and different judic