sec. sanders: the president is encouraging people to do their jobs, to get a budget deal that helps our military, instead of a short-term deal. the president is encouraging everyone to do their jobs and come to terms on immigration, especially the four pieces he outlined that needs to happen on any legislation. >> could you clarify -- would the president rather see a shutdown or short-term spending? sec. sanders: again, we are not advocating for the shutdown. that is the fault of the democrats not being willing to do their job. the president wants to get a deal on immigration. we hope the democrats will get that done. >> chief kelly says some eteamers were "too lazy to g off their asses" to register for immigration protection. is that the position of the white house? sec. sanders: we want to fix a problem created by the previous administration. we have a system that is normal, that -- that is not lawful, that has a lot of loopholes and has a large national security concern. we want to solv

sec. mattis: i spent the last day and a half briefing members on our 2018 national defense strategy. i am heartenedhe will make a brt that congress recognizes the sobering strategy on our nation's defense. two days from now i will visit our security assistance brigade as they prepare to deploy to afghanistan. to advance the security of our nation, these troops are putting themselves in harms way, in effect signing a blank check people to the american with their lives. our military has operated under debilitating military resolutions for more than 1000 days in the last decade. during last people with their week's stay the union address, president trump said weakness is the surest path to conflict. in a world of increasing threats, there is no room for complacency. failure to implement or fund the 2018 national defense strategy will leave us with a force that could dominate the last war, but be irrelevant to tomorrow's security. we need congress to lift defense spending caps for our military

sec. sanders: good afternoon. good to be that with you guys. always, a busy day here at the white house, so i am going to jump in to a couple of highlights and then take your questions. this morning the president unveiled an outline for rebuilding infrastructure in america. the six principles of the plan are $200 million in federal funds to spur at least $1.5 trillion in infrastructure investment partners at the state, local, tribal, and private levels. new investments will be made in rural america, which has been left on for too long. decision-making authority will be returned to state and local governments. regulatory barriers that needlessly get in the way of infrastructure projects will be removed, permitting for infrastructure projects will be streamlined and shortened, and america's workforce be supported and strengthened. as the president has said many times, we will build gleaming new roads, highways, and waterways all across our land with american heart and hands and grit. this mo

sec. mnuchin: i'm not going to make any comments specifically on that other than to say, that obviously, russia and china are two countries that have traded with them and we're working actively with both of those. reporter: mr. secretary, what indicators will you use to measure whether or not these sanctions are successful? sec. mnuchin: we have both classified and unclassified indicators that we monitor as to the success, and i will tell you, we believe that the economic sanctions are beginning to have a significant impact on their ability to fund their programs. reporter: could you let us know about some of the unclassified indicators you use. sec. mnuchin: in this setting, i'm not prepared to go through the classified and unclassified but we'll follow up. reporter: why not blacklist russian ships? sec. mnuchin: again, we're prepared to blacklist russian ships to the extent there are russian ships, so let me be clear. whether they are russian ships or chinese ships, we don't care whose s

sec. mnuchin: thank you. i thought that was a very good and interesting analogy. i share your view on transparency. doesn't mean that people can't get tickets, but you have to post the speed limit. we are working with the committee on looking at guidelines and trying to figure out how we can have more transparency in the process. >> thank you. what's the level of involvement of other council members in recent decisions? sec. mnuchin: very active. >> this been some questions about that and is important for us to recognize they are still actively involved in the process. sec. mnuchin: we have had public and private meetings and are has been robust discussion at the principles and the staff. a lot of work has been done. >> next question. not congress, not you, but the district court now requires a cost-benefit analysis, which i support. my question is can you walk me through when a cost-benefit analysis will look like and what is taken into consideration? sec. mnuchin: we are working on that

sec. schriver: as -- dep. sec. sullivan: past secretary schriver said, the taliban control unpopulated areas. what they are doing in those areas are cultivating and producing narcotics, which they are selling. to get to senator markey's point, the production of narcotics in afghanistan from regions that are controlled by the taliban is skyrocketing. sources, principal more than 50% -- sen. udall: what cost do you put on that? dep. sec. sullivan: i don't have a dollar estimate, but whatever we can get you from the intelligence, but the dollar figure from the taliban, whatever the definition of the taliban is, putting a dollar figure on that, 65% rough estimate on how they finance themselves is through the production and sale of narcotics. udall: so you will try to get us an overall number? i'm very interested in the idea that what our overall number is w --hat there is is theirs is. one of our great diplomats, richard holbrook, he started this strategy because of the s, he said thatie we will allow them to grow them

sec. devos: thank you. please be seated. was a very sobering way to start a very important panel, and i want to thank you that and your thoughtfulness. that and your thoughtfulness. i wanted to let the audience know why i am so extraordinarily honored to be here. if you hadn't noticed, we already did secretary acosta. i have known you. 25 money to even 30 years. i was in junior high -- no. [laughter] any one of the things i know about our secretary -- this is our secretary of education. >> [applause] is an incredible woman, one that i have admired and loved and respected for so many years. minute i knewery her, what is at the heart and soul of this woman is to provide equal minute i knew educational opportunities for kids in this country. that is the essence of who she is. we want to thank you. her.me in thanking >> [applause] ms. james: let me start off with a softball. knowing your passion, knowing your commitment, there are many things you could be doing with your life right now. why di

[applause] sec. castro: good evening. it is wonderful to be here in new hampshire. that i was going to visit the best young democrats and all of the united states. [applause] sec. castro: first of all, let me say to lucas, thank you for that introduction, but more importantly thank you so much for your trip -- terrific leadership as president of the young new hampshire democrats. let's give lucas a big hand of applause for the work he has done. [applause] sec. castro: i also want to thank the fantastic financial director for the great leadership, she showed especially doing double duty as a spit -- state representative. thank you for all the great work you have done. and a special shout out to your porterous representative on a fantastic career. the difference that you have made. thank you representative for fighting the good fight, for always having the interest of all folks in new hampshire and throughout the united states in mind. and get the -- and thank you for keeping my brother in mind. some m

sec. shulkin: yes. ou growth in this budgetr -- ,ur growth in this budget 2006-2020 is increasing. the federal budget has increased by 52% during that same timeframe. we cannot continue to do is to assess usual and think -- to do business as usual and think the v.a. is a sustainable structure, which it used to be. we want our veterans to focus on getting veterans back to andpendence and well-being, all of our efforts should be to help restore the quality of life of our veterans. we want to change the focus of our program to make sure we are doing that. we believe this is good for veterans, and that will decrease the rate of spending of our mandatory program. rep. coffman: on the last point, and i know this is not about the investigation, but you issued a memorandum prior to your trip to europe last summer, travel."l employee i will quote from the report. beforewill be a request approving any travel, a manager must determine if it is essential to generate savings within the v.a.. do you thi

sec. sanders: as i know, last week we let the process play out. it was ongoing and hadn't been completed. beyond that, i don't have anything to add. >> what have we heard the president say what you heard right now that he takes domestic violence seriously? sec. sanders: i spoke with the president and those are his words. >> y has a he said that? he has the opportunity. sec. sanders: it is my job to speak on behalf of the president. he relayed the message to me and i am relaying it to you. >> do you believe rob porter's accusers? sec. sanders: i believe the president and the administration take the mystic violence very and believe all allegations need to be thoroughly investigated. above all, the president supports victims of domestic violence and believes everybody should be treated fairly. >> that doesn't answer the question. sec. sanders: i am not going to go beyond that. >> does the president was rob porter well? does he believe he wants them to have a great career? seansec. sanders: i

sec. mattis: even before we got any reinforcements, they started talking more. now, what we need to do is make that fighting season efforts are fully engaged, brief everybody on those, what we are that we arensure all aligned with who is bringing in more troops. we have got -- i think -- around a dozen nations right now. why has it taken right now? it requiress, parliamentary action due to the nature of their governments, so those things move at legislative speed. and see wheredown they are at, see what more they are going to do. they are putting more troops down there. take a look at france. provide officers in their countries or money to support the campaign? all of that coordination. does that answer your question? >> a couple more questions on syria. with some destruction going on, are you concerned about these pro-regime fighters attacking sdf moresp -- frequently? are you having discussions with russia to see if there is a way they can put those at rest? sec. mattis: that the conflic

orre has been a hack at cftc sec. i would offer you the opportunity to take a look at that legislation and see how it might be a benefit to your agencies. and to suggest any ideas that you have for what congress can do to further strengthen cyber security within your worlds. >> thank you very much. >> mr. chairman, thank you. >> thank you. i apologize. i had another committee hearing going on at the same time but i appreciate your written comments. so important. who was attorney general for the state of nevada and worked on consumer protection issues, obviously weeding out any type of fraud is important. start with a couple of questions that i have. companies thatat originated outside of the cryptocurrency space, like kodak and burger king have recently jumped into the cryptocurrency space. however, some critics have warned that companies are using block chain as an opportunistic venture to pop up stock prices without having a clear business plan. long island tea changes name to long block chain and watched its stock

but i'm further troubled by a statement by one of the sec's enforcement co-directors last fall that sec might lose a hundred of its enforcement staff by not replacing those who leave compared to 2016 figures. this would be 7% reduction in enforcement head count. how are you staying on top of the developments in virtual currencies and other enforcement. all of the other areas we just talked about and in to be able to fight traditional misconduct? how are you doing that when you're not replacing it, if in fact that's the case? >> that is, senator brown, personnel is my biggest challenge at the moment. we have a hiring freeze as a result of natural increases in costs. a hiring freeze and people, you know, retiring or taking other jobs. it reduces the size of the work force at the sec. i could use more people in enforcement. i could use more people in trading and markets. those are the two areas where i think the american people would get the greatest return for additional buys. >> so when you come in front of us, and i appreciate your candor, when you come in front of us and tell us you ar

sec. mattis: thank you distinguished members of the committee. i'm here at your invitation to testify on two subjects, the 2018 national defense strategy, and nuclear posture review. i am joined by the vice chairman joint chiefs of staff. in the midst of our ongoing counterterrorism campaigns, my role is to keep the peace for one more year, one more day, giving secretary tillerson and diplomats time to resolve crises through diplomatic channels. the department of defense does this by providing the commander-in-chief with military options that ensure diplomats negotiate from a position of strength. up front, i will visit our nations first security assistance brigade in georgia, as they prepare to deploy to afghanistan. to advance the security of our nation, these troops are putting themselves in harms way, and in effect signing a blank check payable to the american people with their lives. they do this regardless of congress' obligation to provide stable funding. our military has been opera

it reduces the size of the workforce at the sec. i could use more people and enforcement i could use more people in trading and markets. those are the two areas where i think at the american people would get the greatest return for additional bodies. when you come in front of us. and tell us that you're having trouble filling those jobs isn't that message those who want to game the system and those who want to defraud the system. it is not the cup in the paint. the message that somehow we are asleep at the switch absolutely not. i hope the budget is enough. i hope you will speak to us. i think i've been very straight on the incremental amount of money. you are chairman of two powerful regulatory bodies. anything that smacks the security comes somewhere in the range does it not. with the commodity. something that could be deemed us commodity. the federal reserve is the biggest bank regular that we have and also the treasure is involved in this. can you do it on your own through the administration he have the fed in the treasury. and

sec. mattis: not i don't know if it is the same influence and this is a group on its own agenda. i am not willing to say the russians have lost influence or gain influence. clearly, coming out of so she sochi and moscow, they would support geneva. is the kingoy maker. not the kingmaker, the peacemaker here. few days, there seems to be a warming of tensions between north korea and south korea. bepyongyang, he appears to accepting it. is that a positive sign for the peninsula question mark is a concern about that putting a wedge between the u.s. and south korea? sec. mattis: i know people are watching for a wedge. -- in his opening remarks he said there was no gap at all. so on a political level in seoul, there is no wage that can be driven between us by north korea. clearly it is too early to say -- if using the using theas a non-- olympics in a way to reduce tension, if that will have any traction once the olympics are over we cannot say right now. is it a good sign? sec. mattis: i do not

they were used to advertise the victims for secs online -- four sex online. the traffickers encouraged the make themselves more appealing to men in the united states. the cost of the cousin medic surgery of course, was added to the rims bondage that. when the women arrived in the unit is dates, everything changed. they were essentially held in prostitution houses and only allowed to leave if accompanied by an employee or the organization -- employee of the organization. they were forced to have sex when theygers, even were abusive. the traffickers and short that the women remained isolated in the u.s., they had very little money, no freedom of movement and no interaction with the outside world. the structure of this secs trafficking organization was very higher -- sex trafficking organization was very hierarchical. launderers, facilitators and runners, each of these players with a clearly defined role and keeping this criminal organization profitable. at the top of the organization were the traffickers, in both the united states and in thailand who were respo

sec. azar: we believe states are in the best positions to allocate among various populations. the core medicaid actually grows from $400 billion to $450 billion over the 10 year. period. on the expansion population, the states then do not have that 10% copayment federal matching that they would have to come up with to do that. it actually gives them flexibility and it sort of found money for them in that sense sen. nelson:. sen. nelson:that is what is typically the place -- case with a block grant or turning it over to the states. my state is subject to hurricanes. puerto rico is subject to hurricanes. so what has happened with medicaid. it has to respond to a public health emergency in a natural disaster and if your response is the further medicaid funding would be provided after a hurricane, the fact is that congress waited nearly five months for passing disaster aid to hurricane victims in florida. after foot, michigan's lead poisoning -- flint, michigan's lead poisoning, i know what yo

sec. mnuchin: we have both classified and unclassified indicators that we monitor as to the success, and i will tell you we believe that the economic sanctions are beginning to have a significant impact on their ability to fund their programs. would you let us know of some of the unclassified indicators that you use? sec. mnuchin: again, in the said annette prepared to go to the difference in classified and unclassified but we will follow up. >> why not blacklist russian ships? sec. mnuchin: again, we're prepared to blacklist russian ships to the extent there are russian ships. so let me be clear, whether they are russian ships, chinese ships, we don't care whose ships they are. if we have intelligence that people are doing things we will put sanctions on the and we will -- on the them and we will go forward with that. olympics closing ceremony's are having on the korean peninsula. justresident's daughter arrived in south korea. is that time in more than a coincidence or you're trying to s

the sec will vote on a plan to ease federal regulations for 5g wireless equipment. they proposed new rules that would install equipment for the next generation that carriers will use to carry the new networks. this is part of a new effort from officials, chipmakers, and wireless carriers to ensure u.s. leadership when it comes to 5g. the fcc commissioner joins us now from washington. proposal today fit into the larger picture of developing 5g and moving aside some of the road proxy echo -- roadblocks? having methanks for on. we are in the middle of this new iteration, and the difference is the transition will enable a lot of the innovation you are hearing about now, if it's autonomous vehicles, the internet of things, remote surgery, ai -- we need to upgrade our network to support those types of deployments. we are working to try to cut the unnecessary regulatory red tape that is threatening to hold that back. costs but the regulatory are one thing. financial costs are another. these networks are extremely costly. how to telecoms handle that? -- how do telecoms hand

it reduces the size of the workforce at the sec. i could use more people in enforcement and trading and markets. those are the two areas where i think the american people would get the greatest return for additional bodies. when you come in front of us and i appreciate your candor, and you tell us you are having trouble filling those jobs [roll >> it's no trouble, i just can't. >> that's true because the freeze. isn't that a message to those who want to game the system that isn't a cop on the beach but even the new chair wants to be? >> do i want more bodies to do this, yes. >> with your budget that is coming out, our understanding is i hope the freeze is lifted into the budget is enough and i hope you will speak to us and asked particularly people on the other side of the aisle for the dollars we youeed to put those caught somebody to [rol cops one beat. >> thank you. senator shelby. >> chairman clayton, you're the chairman of two powerful regulatory bodies that you have different jurisdictions. this comes somewhere in your rain, d

. >>> if you use the interweb you might be aware that back in december last year the sec repealed net neutrality laws. internet providers could charge for the different services. if you're still confused, rob bliss found a way to make this point. >> i'll create slow lanes of traffic right on the street. >> he's going outside the sec create literal slow lanes of traffic but not just going to slow down traffic. he's going to give them freedom to choose. >> for just $5 a month, drivers can upgrade themselves to priority access and as chairman said himself, consumers can pick the plan that's best for them. >> so how will these drivers take to the newfound freedom? >> road rage! >> he got himself some cones and blocks off one of the lanes and gets to work. he has that sign on his back. if you are being slowed down right now, you can if you want to pay a little bit extra and get into that fast lane. before you know it, the cops do turn up. >> the thing is if i let everyone go at a normal speed, you know -- >> okay. >> the genius of this video is the argument for net neutrality keeps being m

[laughter] >> however, first i have to get caught and then the sec has to have a majority vote and to whether to investigated. that's an vested get it. as you may have heard, the sec has been deadlocked the last three years. >> that will follow our live coverage of the white house correspondents association discussion. c-span's history series, landmark cases, season 2, starts monday with a look at the significance of mcculloch v maryland in 1819. watch landmark cases live monday. order theckground, companion book. additional resource, there is a link on our website to the interactive constitution. on politics and race relations coming up at 4:30. until then, part of today's washington journal. the media host for the fox news channel and the latest book the war over the truth. good morning. can you connect the dots between those two things. guest:

on the other hand, can the sec proof -- fcc proved they changed enough. emily: touch shields, thank you so much for that update. you to hitting pause on its -- coming up, youtube hitting pause on its programming spending for streaming services. this is bloomberg. ? -- ♪ emily: youtube's original programming unit has hit a snag. it is not an encouraging sign since both netflix and amazon have blockbuster budgets that are only growing. more i want to begin bloomberg four entertainment reporter, lucas shaw. >> it means that you to is refocusing its strategy. -- it means that youtube is refocusing its strategy. they seem to have multiple bats going on at any one time, so if you look at you to paid services right now, they have read, which is the deal with music and futures and different things, and the value proposition has been a little bit of money, than you have the paid music service they are working on and live tv service. my sense is youtube is putting a lot of muscle behind the life tv service and investing resources and the music service and the fat

sec. clinton: i believe that certainly over the last 25 years, in many ways it has gotten better but the work, as i said in my remarks, is unfinished. then, when we meet young women like nadia and wai wai we understand even more viscerally how that were cast to stay in our efforts. i think the progress made has been made in laws being changed and greater awareness and shining brighter lights in journalism, like yourself, to listen to the stories and repeat them to the rest of the world. so i would say it has gotten better but we are at a flexion point where i fear it could begin to deteriorate and become worse again. when you listen to nadia's story, you realize the importance of law, the rule of law, due process, judicial systems, international organizations that have to be sustained and supported to set standards and hold people accountable and service places of recourse for the nadia's of the world. and when you listen to wai wai, here about her father, we need people in all walks of li

sec. clinton: thank you frasca me that question. as big a role as you possibly can -- thank you for asking me that question. as big a role as you possibly can. there are many ways to support this unfinished business. you heard from wai wai the influence of her own father. i mean, do not discount the influence of personal support and interest, and encouragement, action, that sounds simplistic but it is probably the most profound thing you can do in women and girls be given the support, the tools they need. the confidence it is often necessary. the resilience which is essential. also, if you are interested in these issues beyond the personal, there are so many ways to serve. there are all kinds of ngos and nonprofits, government organizations. you heard not yet mentioned the u.n., the important work of trying to bring isis and the leader suffices to justice is isis-- and the leaders of to justice is work that will never end. , votingalso politically for people who care about these issues and taking a hard look at your own really perso

the sec has had a number of cases going after violations in the cryptocurrency market. he said he is going out of his way to say i will not ease up on wall street. gettingthe cases we are -- that are getting the press release treatment during mary jo white's tenure are not getting them now. david: great piece. shery: u.s. tax authorities are honing in on real estate projects managed by jared kushner's family. possible connections to other investigations plaguing the family, next. this is bloomberg. ♪ ♪ david: this is "bloomberg markets: balance of power." arey: a u.s. tax authority seeking documents related to jared kushner's family real estate business. u.s. authorities have subpoenaed investors and lender's and project management of presidential son-in-law's family. here to discuss it is david goriot this. how typical or normal is such a procedure? b: the irs will often subpoenaed documents as part of a larger investigation. they may be doing a tax investigation. they could be doing a money laundering investigation. it is difficult to tell who it is they are looki

the sec will get upset. eric, good to see you. >> thank you. liz: boeing flying the friendly skies with the dow jones industrials and boeing a part of it, up 203 points. boeing at the top of the heat map here. world's biggest plane maker leading the dow 30 after news to acquire embraer is moving forward. >>> and let's go full on diagonal. apple, the biggest laggard on the dow 30, surprising since the iphone king is partnering with goldman sachs to totally revamp the payment structure for one of the world's most popular gadgets. hillary vaughn live outside the apple store in santa monica, california to tell us if iphone users are ready for a whole new way to pay? "countdown" coming right back. don't go away. dow is up 205. infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp tripadvi

will nothink the sec do much for now. julia: doesn't this suggest that the message here is people continue to be call him even after the spike that we saw? >> there is a little bit of avalanche patrol. the avalanche happened. i think it will scare investors out. the retail risk starts to creep back in. in prolonged times of low volatility this can get going. for a while investors will be hesitant to go deep. scarlet: we don't even really know how big this market is, do we? there is money that piled into exide the. then there are other ways people can express that trade but not necessarily through the etf's. >> the etf's, whether you are of ang spy, it is the tip bigger iceberg underneath. it trades its own exchange. underneath was a bigger trade of shorting volatility, one estimate had it $2 trillion. i also think it was front run a lot on that close. sometimes that happens with these products. you go back of four or five there are these crazy moments that happened with these crazy products. ,hey stopped issuing creations

but it doesn't change the fact it is deemed important as the sec to have access to the robust flow of information while redacting what is competitively sensitive. but it is a bit after prisoner's dilemma, if you characterize it. companies are afraid that if they are the only one to release their documents and this goes back to your question as to you know, why don't companies do it, if one company does it and nobody else does, in general, what companies say about their fda interactions is putting the most positive face on what's in those documents. if you're leasing documents then you see the sorted details and questions that come up in the process and uncertainties and so on. now i firmly believe that if that were out there for every company, you know, level playing field, if it were automatically released, then most companies stock prices i think would be higher. because the greater transparency will lead to greater confidence and investment decisions. what happens in reality is, every time we as investors hear a company describe their interactions with fda, we have to put a discoun

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coming up, the sec break and fight to repeal net neutrality and what is to come. this is bloomberg. ♪ emily: now to a stock we are watching with shares of intel jumping on friday and this comes after reuters reported the chipmaker failed to tell the u.s. government about the flaws known as specter and meltdown while there is concern about the intele act or flaw, claims they didn't to share that with the authority because no one had exploited. now to a story where following on net neutrality, the repeal is finally been published in the federal register, what does this mean? it makes the battle can begin in our net before we break it down let's hear what sec commissioner had to say about this the moment he spoke with bloomberg at the conservative political action conference today. going toers are continue to be protected and this is one of the great things i think about our repeal. isot of public perception that we have destroyed the internet. the truth could be further from those headlines. emily: for more i want to go to shields,n dc with todd when will these ne

they said they are working to respond to the sec requests. the firm was targeted by sit ron research which accused of tech company of fraud.to the lost a quarter of its value, dropping 25% today to $55.28. >> totre has been af talk recently about gun sales in this country. a column in today's "neolyork times" in a new idea that puts the private sector at the center of the stor ou andrew ross orkin looks at how banks could play a role in gun sales if washington wot. he writes that banks and credit card companies could rtrict sales of assault weapons by simply refusing to do business wi retailers that tell those types of weapons. joining us to talk aut that and whether big business can indeed be a catalyst for change in this gun sales debate, brand expert deacrushfield is with us today. dean, good to see you. welcome tonight. >> great, thanks for inviting m on the sh >> you bet. what do you think of andrew's privaterall, that the sector could have a role in the whole gun sales debate right now? >> yeah. i think it's huge. they are clearly in a

sec. acosta: when i described department of labor, i put it into three buckets. first, we enforce the laws. we have workplace laws, workplace safety laws, we make sure the labor laws are followed , and that is incredibly important. that is a law enforcement function. the second part that is really important, the department of labor, we have a workforce education component. i know that secretary devos is speaking later today, and she and i work very closely together, because she is that the department of education, i am at the department of labor, but it is our jobs to provide workforce education to the men and women that are working. we want to make sure they are not just ready for today's jobs, but for tomorrow's jobs. we are constantly up skilling. the third part is we set the labor policy for the united states, and that is much broader than a lot of folks realize. for example, employee benefits. the health care that one receives from employers, retirement benefits, all of that comes und

on another matter, last week the republican-led sec formally published a brutal reversing net neutrality, the legal infrastructure -- fcc -- that kept the internet free and open to all americans. the fcc's role will give the isp the inner service, internet service providers the authority to restrict customers access to their favorite websites by forcing consumers to buy internet packages like cable and pay for premium access, pay more for premium access. in this new universe, big companies that can pay to play could get faster internet service while startups and everyday americans are stuck in the slow lane. it will mean the end of the free we know it. the way the internet is driven innovation and entrepreneurship, the wickets provide unprecedented opportunities for americans to learn and connect with one another, that could all change with a profit-making organization at the toll booth deciding who pays what. we have an opportunity to save the internet by undoing the fcc's ruling through the congressional review act. already all 49 49 democrats hae signed onto the bill, and one republic

sec. fox: we want to see it up and running as soon as we can. we also want to see some gradual opening up of the chinese market and services in general. this is an area where the u.k. excels and we have a lot of skills that china is keen to capture. everything from design, and also then we look at areas like .ducation educational exports from the u.k. topped 17 billion. when you look across our service you can see the tremendous opportunity for both of us because of our ability to bring in some of the services to help the chinese sectors mature quickly. >> in order to do formal free trade agreements, you need to leave the customs union. could you see a reality in which the u.k. decides to stay inside and focus on extending services in the future? sec. fox: it is difficult to see how being in a customs union is compatible with independent trade policy. we would be dependent on what the e.u. negotiated. tohave to be outside of that take advantage of those growing markets. if you look at the

sec. azar: we have a series of workshops about decreasing burden on providers and withcians who interact their patients, to make sure they can work with the patient and not us. >> we appreciate the work and look forward to continuing to work with you on that and your commitment. >> the gentleman yields back. >> thank you mr. chairman, and thank you sir, for being here. health care in america is a $3.4 trillion industry. health insurance and health care is about quality and cost. based on any objective measure, we are not achieving optimal results. i think everybody agrees with that. like with anything else, the a massive is purchaser of health care. not only general services but prescription drugs as well. you've got 74 million under the medicaid program, which is an insurance program. you've got 57 million people under the medicare program which is an insurance program. you got 30 million under the veterans administration. that is a lot of leverage to drive down the cost of health care an

never hurts to look and i guarantee you regulators at the sec are doing that. david: we only have 15 seconds is there anyway you can isolate these special financial instruments from the rest of the market? >> i think you can. you can classify them in different ways and that's not only what i hope but what i expect that the sec may be doing proposing later this year david. david: and you think they will actually get done being able to classify them differently and that would satisfy you? >> it would, and look you know there's got to be a comment period. you've got to make sure i don't know the exact way but i think that's a direction they should head and i think they're going to. david: bart chilton always a pleasure to talk to you. you're a very open minded guy and i appreciate you. >> i am. david: thank you very much. thanks david. melissa: peter rabbit once an adorable beloved childhood figure, that funny? david: what? melissa: a bully. we'll be right back. (female vo) breaking news from washington as lawmakers; (male vo) raging wildfires continue to scorch p

traders are looking for about an hour before trading starts a new york on wednesday and we will do a sec hit with you tomorrow against go to on a wall street thank you. now iceland is expected to soon be consuming more energy mining virtual currencies that it uses to cow all of the countries hopes countries become a major hub to bitcoin mining thanks in part to a cheaper new of the energy now known make his talking about taxing the profits in bitcoin mines that's likely to go down well among iceland this he's become wary of financial speculation since a disastrous banking crash a decade ago. how do you like the idea of off free public transport jam the government is touting the idea in a bid to get people to leave their cars at home and hop on a train tram or bus instead and i said to the european union's environmental regulations laid out the plans to test it on five cities gemini's facing fines from brussels for not doing enough to reduce emissions. the scheme anticipates making public transport free and testing it in five cities but transport companies say they are skeptical about the