canada is also cold. let's find opportunity in all of this mess, dynamic funds, portfolio manager joining us now with great insignificant and they have indoor television studs in the nation. >> that's true. >> breaking news. >> next time. there are indoor studs. >> we'll use them. >> it's a great shot. >> a beautiful city. let's dig in. how do you play in this? what's going to happen? >> canada is challenged. as fund managers, probably the most amazing thing is the speed in which oil dropped from 105 to 750 in a short period of time. leverage players, something else going on besides the demand issue in a short period of time. having said that, the bank of canada is on hold for extended period of time. there's going to be ripple effects and second derivative effects in western canadian markets on capx, energy is 25 % of energy of capx, and so that's going to have -- that's going to be an issue for sure. >> let's focus on the banks because big banks here, and they have been lauded for a long time as being s

well okay, trans-canada we know where the name derives from. we know that much much of the oil to be transported will be from alberta but i think it is important to acknowledge that you have got about 100,000 barrels of bakken crude that will come from north dakota and montana down -- down through the mid continent and they will -- they will come down, they will avoid the west coast if we have keystone x.l. constructed. the last point i'd like to make for the folks back home that i work for on -- and that are following this issue i really think the keystone x.l. is a test for us. it's a test of whether or not we as a nation can still review, can license can permit and build a large-scale energy infrastructure project. now, we're looking at that, we're looking at just that in alaska. we need to know that that can continue to be done in this country, because if we can't do it even here in the lower 48 where your costs are lower where you have existing infrastructure that you tie into which keystone x.l. will, you already have the southern leg alr

it is canada. about 18% of all u.s. trade is done with canada. more than $300 billion in exports coming to this country. if that slows down, if the canadian economy takes a hit, the u.s. could take a hit as well, and let's not forget about the canadian dollar that's down about 20%. all this hour we have a bunch of interviews. let's start off right now hitting directly the oil and gas story. mike rose ceo. i guess -- you're in a suit, and i'm a weather wimp bundled up here. in lehman's terms, what the heck is happening to the price of oil that it loses more than half its market value in six months? >> well, and we're in the unfortunate circumstance where both oil and gas have had their prices cut, you know, almost in half. we think it's overdone in the short-term. i think you're over supplied on the oil side by maybe 1.5 million barrel az day. call it 1% or 2%, and the price has gone down 50%. the reaction to that has been swift and severe with cutbacks in drilling programs. >> you're not cutting back. >> we cut our budget in december. >> but not

we already buy 2.5 million barrels from canada right now. we're already dependent on canada for 2.5 million barrels a day. we also buy oil from other countries, and i think you ought to question why we're buying oil from these other countries and especially when you look at venezuela, we buy 755,000 barrels day from venezuela and they are an authoritarian regime impoverishes its citizens. they violate their human rights and have put down their citizens. but we're purchasing a product from them that they use the resources to continue this type of regime. the same here of 2013, we bolt 1.3 million from saudi arabia. now, i don't know about you but i'm going to question, the resources from that, are the proceeds from that oil that we've paid saudi arabia for was it used for the betterment of the united states of america? for our best interests? i have my doubts about that. we also buy over 40,000 barrels a day from russia. don't need to tell but what's going on there. i think you all know that. the keystone pipeline would allow us to more safel

that's been done in canada. it's still being done in canada. and it does cause tremendous environmental damage. it is in and of itself a process that i think most of us would want to avoid. and yet this legislation does nothing to prevent that type of processing of the tar sands. the tar sands produce a very thick oil product that can only make its way through the pipelines by it being processed, and it creates additional risk factors because of the way that it is processed. there have been oil spills of tar sand. we've seen it in arkansas, seen it in michigan. it caused devastating damage, devastating damage. it's not easy to clean up. it's not like normal crude. it causes permanent type damages to a community as we saw most recently in michigan. so there are risk factors involved here for the united states to take canadian oil to make it easier to reach the international marketplace unlikely to end up in the united states creating few permanent jobs. quite frankly a lot of us don't understand this. and then as i said, it's dirty oil. the use

but in this particular pipeline, since it crosses into the country of canada -- from canada to the u.s., the president must approve it. and he has said that one reason he's not going to approve it is because of litigation in nebraska, which ended today in favor of the governor of nebraska who supports this pipeline. the second reason for the president to oppose it is co-2 emissions. and yet the secretary of state office under hillary clinton and mr. kerry in their final supplemental environmental impact statement, has said on three occasions it will have minimum impact on the environment. so today we want to pass this legislation once again, for the american people. the u.s. senate said they will pass it and we would ask the president to join us and >> an ongoing issue concerning the keystone xl pipeline, the nebraska supreme court approved the root, reversing a lower court decision, giving nebraska the authority to approve the new pipeline route. four out of seven justices ruled that landowners did not have standing to challenge the law, but the lower court was correct in determining

that's been done in canada. it's still being done in canada. and it does cause tremendous environmental damage. it is in and of itself a process that i think most of us would want to avoid. and yet this legislation does nothing to prevent that type of processing of the tar sands. the tar sands produce a very thick oil product that can only make its way through the pipelines by it being processed, and it creates additional risk factors because of the way that it is processed. there have been oil spills of tar sand. we've seen it in arkansas, seen it in michigan. it caused devastating damage, devastating damage. it's not easy to clean up. it's not like normal crude. it causes permanent type damages to a community as we saw most recently in michigan. so there are risk factors involved here for the united states to take canadian oil to make it easier to reach the international marketplace unlikely to end up in the united states creating few permanent jobs. quite frankly a lot of us don't understand this. and then as i said, it's dirty oil. the use

i too have friends in canada. i served with terry grasteen a senator, i served with the former defense minister and foreign minister of canada. but we're making this sound like this is a canadian thing. and when the argument is made about it won't cost american taxpayers anything to build this, while i agree, that suggests to me, knowing my canadian friends, that there are private investors that are in transcanada. and it's kind of ironic that they're never talked about. the who they are. they're not all canadians. some of them are american. and i'm not grudgeful of folk who had great genetic accidents and abilities as a result thereof but the fact of the matter is, that some people that are involved in transcanada, they are givers to canadian parliamentarians under their particular structure and givers to some of us as well. >> will the gentleman yield? >> yes. >> just by way of information and i probably should double check but i'm almost certain transcanada is actually an american company, actually based in the

this is all about canada. well frankly, i don't know why we are so worried about a canadian corporation. it wasn't clear during the rules committee based upon the conversations and debate we had with the republican side that this pipeline would ever even be built. here we are you rushing, rushing to basically say to the president, we don't care what you are or the state department or the department of interior say about what's in the national interest. we are just going to go ahead and do this because of some canadian interests. mr. speaker, this is a new year and a new congress the we have new members who will vote on this without the benefit of hearings or mark-ups or floor amendments without the benefit of learning how our changing energy pictures changes need for this pipeline and without considering whether our time might be better spent on efforts to promote other cleaner energy sources. we need sound energy policy in these challenging times. as the ranking member of the committee on energy and commerce

all of the growth in oil with canada is represented by alberta. alberta will probably go into negative gdp growth. there's so many other businesses that are suppliers to the oil and gas sector negatively affected. this is far reaching. we are a natural resource economy in canada. >> reporter: what happens here matters to the u.s. canada is america's largest trading partner accounting for 17% of all american exports. if we see a slowdown here it could take its toll on american companies selling into canada and another reminder the oil story though early in the year is the defining economic story of 2015. for "nightly business report," in toronto canada, i'm brian sullivan. >>> those tumbling oil prices mean two oil majors cut jobs and that is where we begin tonight's market focus. bp and conoco phillips announce they'll slash more than 500 contracting positions in the north sea to reduce costs as crude prices cratered. shares of bp ended higher at $75.73. chron koe phillips at $61.41. a warning from lenar. saw profits jump by 50% with more homes at

our number one trading partner is canada can. canada. and it's the most stable regime the best ally we've ever had. a file capacity of a little more than 800,000 barrels per day, so right there we could prevent us and stop buying oil from venezuela or cut down dramatically the amount of oil we buy from saudi arabia and become less dependent. we can continue to produce energy in knot america while -- in north america while stabilizing global supply as well as benefiting our allies. last year as president obama's former national advisers, one of the president's former national security advisers which is retired marine general james jones told the foreign relations committee the international bullies who wish to use energy scarcity as a weapon against us all are watching intently. if we want to make mr. putin's day and strengthen his hand, we should reject the keystone. i repeat, if we want to make mr. putin's day and strengthen his hand, we should reject this keystone pipeline. but if we want to gain an important measure of national energy

i have actually been to the alberta area in canada. i visited several different places where they're extracting oil from the oil sands. i've seen the technology at work using natural gas in a cogeneration facility, which is a low-cost form of fuel. this is the highest level of technology being employed to produce energy for oh this nation, and i think our consumers are seeing the benefit of the production coming on the north american continent. it's changed the course of history, really, for this country an in the energy area, and we're seeing it at the pump with the lowest gas prices in years. >> you used the phrase "for this nation," and i've heard it a lot in the last couple of weeks that the lyon share of the oil traveling through that pipeline isn't intended to be used in the united states. >> that's unfortunate, but that is not true. the oil would be going to the refinery in houston, which are some of the best refineries in the world. there is a high level of regulation that occurs in this nation with our refineries, and it's bes

and this idea that canada will not produce the oil is wrong. they will move it by rail and build other pipelines. here are several already in the planning stages. stages. they will move it to the east coast or send it west and it we will go to china. does that make sense? it does not to the american public which is why the american public wants to work with canada as well as produce energy in our country to become energy secure. the idea that we would say no to our closest friend and ally canada, we we will not work with you makes no sense to the american people and should not. that is why they overwhelmingly support this project. here we are starting the new congress. very clearly in the last election the people said we support this project, and you saw it time after time. but on a bigger issue the people of this great country said, we want the congress to work together in a bipartisan way to get things done. we want the congress to work together we have legislation that has passed the house repeatedly with a bipartisan majority legislation wi

oil pain is not just a canada story. stocks in more than 70 major canadian companies trade in the united states. a number of those are oil companies. and they have been walloped. shares of bay tech's energy penn west petroleum and precision drilling seen shares fall by 50% or 60% in just a matter of months. some call calgary the houston of canada because of strong job market and fast growth but much of that is tied to the price of oil and if oil's price were to fallow lower or stay at this level, the building boom you see behind us may run out of gas. i'm brian sullivan in alberta, canada. >> it's not just energy and oil companies feeling the pinch of oil prices. as morgan brennan reports, the ripple effect is spreading into other sectors. >> reporter: the collapse in oil prices is beginning to take a toll on other industries. the united states steel corporation is temporarily idling two factories and laying off roughly 750 workers, a direct result of crude's dramatic plunge. supplying tubes and pipes to oil and gas dril

the key decision was the bank of canada. if you look at the fed's import measures, we could actually have euro-dollar below 1.10. i think the fed would be ok with it. [indiscernible] he supports aggressive policy from europe and japan. that is coming from the fed side. what are the three most important currencies? dollar-canada, dollar-mexico, and dollar-china. dollar-cad already well through 1.20, maybe on its way toward 1.30. dollar-china is wavering right now. let's say we get a negative shock. then, dollar-mex goes through 14 15 or 3.17, 18. then, the fed has a problem. don't really think the ecb matters. the surprise decision for them was the bank of canada. the largest bilateral trade relationship in the world. >> to me, that shows a central bank that's actually very aggressive and will fight. what does it mean for the other commodities? if canada cuts off new zealand, do you think they will go next as well? >> the immediate reaction was will australia and new zealand the next? australia is relatively liquid not as muc

. >>> and the houston of canada. how the dropping crude at the heart of canada's industry. all that and more tonight on "nightly business report" for wednesday, january 14th. >> good evening, everyone. another rough and unpredictable day on wall street with the major averages falling for the fourth straight session amid concerns about the strength of the u.s. consumer and the u.s. economy. the big driver for today's selloff is retail sales despite deep discounts, lower gas prices and a robust labor market. combined with more volatility and oil prices and a lower forecast for global economic growth sent stocks on another wild ride. the dow cut an early 350 point loss in half ending the session down 186 points. the nasdaq lower by 22 and the s&p was down 11 points. in the bond market the yield on 30 year treasuries hit record lows while the yield on the benchmark ten year note hit the lowest level in nearly two years. crude bounced between losses and gains spiking higher into the close, up 5.5% to $48.48 a barrel, its biggest one day percent gain since june of 2012. with gas

i, too have friends in canada. i served with a senator in the organization for security and cooperation in europe. i served with the former defense minister and foreign minister of canada. but we are making this sound like this is a canadian thing. and when the argument is made about it won't cost an american taxpayer anything to build this while i agree then that suggests to me, knowing my canadian friends that they are private investors that are in transcanada. it is kind of ironic that they are never talked about the who they are. they're not all canadian. some of them are american. and i'm not grudgeful of folk who have great genetic accidents and abilities as a result thereof, but the fact of the matter is that some people that are involved in transcanada they are givers to canadians parliamentarians under their particular structure, and givers to some of us as well. >> will the gentleman yield? >> yes. >> just by way of information i probably should double-check, i'm almost certain transcanada is actually an

i have actually been to the alberta area in canada. i visited several different places where they're extracting oil from the oil sands. i've seen the technology at work using natural gas in a cogeneration facility, which is a low-cost form of fuel. this is the highest level of technology being employed to produce energy for oh this nation and i think our consumers are seeing the benefit of the production coming on the north american continent. it's changed the course of history, really, for this country an in the energy area, and we're seeing it at the pump with the lowest gas prices in years. >> you used the phrase "for this nation," and i've heard it a lot in the last couple of weeks that the lyon share of the oil traveling through that pipeline isn't intended to be used in the united states. >> that's unfortunate but that is not true. the oil would be going to the refinery in houston which are some of the best refineries in the world. there is a high level of regulation that occurs in this nation with our refineries, and it's best t

the people in canada said they would not allow the dirty oil to come through canada because they have had a lot of oil spills. some of them had been over a year and they still have not been cleaned up. host: when we talk about dirty oil, you say since 1990, carbon emissions have been reduced by over 26%. this oil is competitive with other oil from places like venezuela. this oil is akin to other oil. we should not think of this as a big aberration taking place in canada. this is consistent with global energy markets specifically the type of crude oil being produced. when we talk about what canada is going to do, they determine the most efficient way was to bring it south to the united states. canada has been good partners for many years. they concluded that would be the best market for them to pursue but talking with senior officials, they are getting frustrated with this process. there are proposals to take this oil and move it to the east and the west and export it to places like china. so instead of having direct benefit in the u.s., where we could bring it to the gulf coast to be

target calling it quits in canada. the decision costing the retail giant $5 .4 billion in losses impacting 17,000 workers. blackberry shares ran up strongly late yesterday afternoon, and now they are plunging, 18 % after denying reports of talks with samsung on a potential takeover. and they denied the buyout rumors. up to you. >> sue, oil topped $50 before sliding again, and the recent plunge had a big impact on our neighbor to the north in affecting housing, jobs and much much more. brian sullivan is live for us now in toronto, canada with that story. hi, brian. >> all right guys thank you very much. you know listen we think that oil is a big story in the yieds, well, it is, but look at this. it is a huge story here in canada. it is not a headline. it is the entire front page of the globe and mail today. this is a major story, guys and that is why we are here in toronto, canada because in signs coming up we'll have the macro impact. we were foesed in calvary, but this is the bigger picture. there's more than 70 compa

code canadÁ. >> la mayor parte de su clientela es anglosajona. jocelyn volÓ desde canadÁ y luego de verificar las calificaciones del doctor valenzuela nos dijo que su visita a este pueblo le ha cambiado la vida. >> aquÍ es mucho mÁs barato que en canadÁ me hicieron 18 coronas y dos puentes fue una experiencia increÍble. >> en canadÁ le habÍan cotizado el trabajo en unos 18.000 $, aquÍ con los mismos materiales y servicio profesional solo pagÓ 5000, un ahorro de 13.000 $. el pueblo de algodones tienen mÁs de 4000 habitantes y hay 360 clÍnicas dentales registradas que emplean a mÁs de 2000 personas, esto significa que cerca de la mitad de la poblaciÓn depende de esta industria. esta municipalidad fue creciendo por las excelentes recomendaciones que sus visitantes compartÍan al regresar a sus paÍses. el nivel de satisfacciÓn es muy alto, casi no hay reportes de quejas problemas graves y ahora el pueblo no es ni la sombra de lo que fue hace 30 aÑos. esta creciente tendencia de turismo mÉdico le ha valido a los algodones el apodo de

but in this particular pipeline, since it crosses into the country of canada -- from canada to the u.s., the president must approve it. and he has said that one reason he's not going to approve it is because of litigation in nebraska, which ended today in favor of the governor of nebraska who supports this pipeline. the second reason for the president to oppose it is co-2 emissions. and yet the secretary of state office under hillary clinton and mr. kerry in their final supplemental environmental impact statement, has said on three occasions it will have minimum impact on the environment. so today we want to pass this legislation once again, for the american people. the u.s. senate said they will pass it and we would ask the president to join us and >> we recently talked about the future of the keystone pipeline with the reporter on capitol hill. host: lauren gardner covers energy issues for "cq roll call" and she joins us on capitol hill. you tweeted about the nebraska decision, landowner plaintiff in #keystone xl case, it's time for the president put an end to this damned thing. how

many in britain felt it was a sellout to keep canada. guadalupe was far more economically beneficial. it was said to be like a piece in god's pocket. initially the british of been much more interested in the caribbean and implanting colonies there than in north america. but this study had a profound impact on me and my understanding of the american revolution. firstly, it allowed me to debate the cause of the american revolution by looking at colonies which did not rebel. we will talk a bit about why the islands remained lawyer -- loyal. but it also highlighted to me the importance of the caribbean during the revolutionary war. and the extent to which it helped overstretch british resources. let me begin first by this talk that the british initially had been much more concerned with having a colony in the south and in the caribbean than in north america. indeed, it is worth rem bring that in the 17th century, these islands would be regarded as more important by the british than the continental empire. we think of some of those original e

we run pipelines across canada. we -- this you know, the transportation of oil by train and truck is compared to pipeline is night and day safer and cheaper and better. we've got billions of dollars worth of pipeline in this country running every which way. and this is one of those issues that in my view the environmental community has made into a symbolic issue. frankly, my view of the arctic wildlife preserve is in many occasions. it's breathtakingly stupid not to do this. and that's where the frustration comes. and it's breathtakingly unfair to one of our best friends and neighbors who has never treated us this way. and yet, we're doing it to them. so i want to commend my friend for carrying the legislation and moving it along. and i think, you know, there's a reason why this when the american people ask about this and you were kind enough to stay on substance. but, you know, 60 odd percent favor, 20% oppose. because look at it well, it's jobs, energy security, kind of fair to our friends. and for my friends who

furthermore, canada is taking steps, and canada their laws in terms of environmental stewardship are tougher than ours, but they are continuing to work to move to what's called insitue development. what's insitue development? it's developing using steam, which is the traditional way they produced oil. so it's greenhouse gas, it's very similar to drilling in the united states. and in fact it's a lower foot print than the heavy crudes that come out of california. very environmentally-conscious state. so again when we talked about the environmental impacts let's talk about the facts. let's talk about reality and those are the facts. that's what it's really about. oh, safety. another one they brought up is safety. something could happen with the pipeline. that's true, and we always have to work on safety. it is very important that we always address safety in whatever we do, and the best way to have a safe infrastructure system to move it around is to have the right mix of pipelines and roads, and the right mix along with transmission lines so that we move energy as safely and effectively

canada is our largest trading partner. this is really a continuation of that long_held relationship that we have had. it brings us closer to energy security in north america. from our standpoint, it is unfortunate that this one particular pipeline has been elevated to this role. it is almost a symbolic discussion. but the reality is, science and facts show that we should move forward. host: should republicans do a deal with the president? guest: environmental regulations __ let's keep in mind that oil and gas pipelines are heavily regulated. this particular pipeline, in addition to meeting all the laws and regulations required, it has 59 additional requirements that the company transcanada agreed to impose on the pipeline. when you talk about a deal __ i think this comes more in the realm of what is good for the united states. we are seeing and american energy renaissance that we've never seen. it is an opportunity for us to become energy secure. we are the world's number one natural gas producer. we are close to becoming

but their major attempt was canada, not the islands. in fact, in the articles of confederation, which is essentially the pact and alliance between the states, there was a 14th article to canada. it was remarkable that the continental army attempted to invade canada right in the earliest stages of the war, even before the declaration of independence. one of the great errors the continental army made, they assumed they were going to get a lot of support in canada. they saw this as a world struggle. they thought every british colony which share their perspective. and they were surprised not to gain more support. in the islands, the island of jamaica in december, 1774, sent a petition that is a petition in support of the mainland colonies. they knew when they passed this petition, they were about to have their trade cut off by the continental congress. so there was an incentive for them to try desperately to hold this war, and try to intervene on behalf of the north americans. and congress did send them a message of thanks as an exchange wi

if the pipeline is built more than 800,000 barrels of crude oil per day would run from canada through the u.s. >> the congress is once again calling on the president to remove the barriers to completing the network of international pipeline links meant to bring canadian oil to the outside world through american ports through the golf of mexico. this time on the program the continuing battle over keystone. there is argument of how many jobs the project will or won't create. some say it's about american energy independence. it has been and continues to be a political lightening rod, and we'll try to separate the rhetoric from the evaluate, and later on the program the federal gas tax flirting with insolvent cy last summer was the highway trust fund not equal with the task that had has been given: maintaining roads and bridges. with us karen marrow, and debby sees, and amy meyers jaffy. executive director of energy and sustainability at the university of california davis. carol moreau, let me start with you. has the price picture of oil the difficulty of extracting oil from the star sand

two brothers facing terrorism charges in canada. one of the men arrested at a canadian airport raising flags he may have been attempting to join a terror group overseas. but a lawyer for the men says the charges come as a complete surprise. trace gallagher has more on that. >> when you think about the tsarnaev brothers and the kouachi brothers, these twin brothers arrested in canada have been under investigation for almost a year and a half. carlos and ashton larmond, both muslim, are facing charges of working with a terrorist group as well as trying to leave canada to join up with a terrorist organization. carlos larmond was arrested in canada on friday. he was about to board a plane to frankfurt, germany. authorities think the second half of his trip was a ruse and he was apparently headed to syria. so far the royal canadian mounted police have not given any specifics about exactly what the brothers are accused of and the twins' lawyer says he thinks the police don't have a case. and only made the arrest to stop them from leaving

barry prode diary products in canada. as you know canada's diary market was not sufficiently open as part of the many tariff rates range from 200 to 295%. i want to strongly urge you to continue pushing on our friends to the north when it comes to market access for cheese and other diary products. i guess i would appreciate any thoughts that you might want to share on that subject. >> well this has been a high priority for us and forbefore canada joined tpp we had a dialogue about how this is going to be an important part of a successful outcome. we are engaged with them on a whole range of outstanding issues. they know this is important to us and we are working towards hopefully a successful conclusion there. >> it would be very helpful. diary businesses in places in the midwest is starting to explode in some ways. we certainly want to see more of that and all the jobs that come with it but these tariffs are pretty prohibitive. you made remarks last june in which you highlighted data localization requirements as a signif

we import another 3 billion from canada. that -- 3 million from canada. that gets us down to 14 million. so we're only importing about 4 million a day. if we continue to work with canada and develop our own energy resource, pretty soon we will be at that point where we produce more energy than we consume. but we've got to have this discussion about needing the infrastructure and also our ability to operate in globally amarkets. a-- in global markets. and i want to talk more about that. because when we produce more oil and gas it puts downward pressure on oil prices on the world market. most of those world prices are priced off brent crude. as we produce more oil we not only help ourselves we help our allies. so we've got to understand what it takes to build an energy plan and do it the right way rather than blocking the very infrastructure and doing the very things that have led to incredible benefits today for our consumers at the pump. if that were a tax cut that reduction of more than a dollar in the gas prices is a hundred billion dollars in our consu

but in this particular pipeline, since it crosses into the country of canada -- from canada to the u.s., the president must approve it. and he has said that one reason he's not going to approve it is because of litigation in nebraska, which ended today in favor of the governor of nebraska who supports this pipeline. the second reason for the president to oppose it is co-2 emissions. and yet the secretary of state office under hillary clinton and mr. kerry in their final supplemental environmental impact statement, has said on three occasions it will have minimum impact on the environment. so today we want to pass this legislation once again, for the american people. the u.s. senate said they will pass it and we would ask the president to join us and sign this legislation, and i would urge the passage of h.r. 3. the speaker pro tempore: all time for debate has expired. pursuant to house resolution 19, the previous question is ordered on the bill. the question is on engrossment and third reading of the bill. those in favor please signify by saying aye. those opposed, no thopse. the ayes

target shut down its canada operations. you know they made that foray into canada. hasn't been too successful. over 17,000 workers. that's the latest. back to you, charles. charles: you covered a lot, nicole. we'll cover a lot here. we have the investment pros to help us out a newbie. chief investment officer. brings a lot of experience. we'll need that. also monster worldwide senior president joanie is back. scottie nell hughes is back as well. hitha herzog, our retail guru. ready to help you out with those retail stocks. and matt mccaul founder and president of penn financials group. i got scuffed up real good. let's dig into the first real, real deal. like the bouncing ball. up, down, all over the place. this is before the market opened. this was really, really nuts. markets moving on news from switzerland and, of course, those poor earnings from bank of america, cit citibank. regional data from philadelphia and new york. some other things were good. some ever increasing concerns about deflation floating to our shores. i don't know if that mote can protect us. th

they don't want it in canada. we have a lot of environmental concerns being raised about the current facilities and the processing of these materials in alberta and a lot of people who are raising questions about canada's standards on producing tar sands in general. people should know that the canadians don't live to the same standards that the united states of america has on the production and the processing of these materials. we actually have better laws. but nonetheless bubbling up in canada is a lot of concerns about these environmental issues about the product about the left-behind product the pet coke product that as my colleague from michigan stated yesterday is causing environmental concern in michigan and illinois, and a lot of people, my colleague from california i'm sure, has been down here talking about benzine the side product, that is left behind that can affect individuals. to say that just because this court decision came down all those environmental issues and security issues have gone away is su

here at home and with canada. america is in controversy. we hear the president said he would continue to block this project and feel this legislation is music to opec fears. synergy, jobs, economic growth hundreds of millions of dollars of revenue, state, and local revenue. it's a huge and important impact in the project. it is about national security with energy security. i want to emphasize that again because that is the work of the american people sentence or to. the opponents, couple of things i heard this morning and i hear on an ongoing basis, we should be doing renewable energy instead of fossil fuel. why not do all of the? how does doing this project in any way prevent us from doing any renewable project back in my home state we use steam to produce biofuels to power biofuel plants use wastewater from communities and those biofuel plants wind energy, geothermal or policies. the 2nd largest producing country. the not mutually exclusive. household health will enable us to do the other. during this project just helps us provide more en

while they lost fortunes in canada. who knows what they can accomplish under cornell now that canada is closed and the data breach is in the rear are view mirror. target will do better than last year. maybe that's all you need to know. how about gene in florida. >> caller: boo-yah, jim. you nailed it with rite-aid. i bought it at a low five and i'm holding it long. my question is do you feel fire eye is a good product and can stop the hacking with the feds and set-com. should i hold buy or hold it long? >> thank you on the rite-aid. tom and jerry at my brooklyn store opened my eyes to rite-aid. fire eye, if this stock goes below 30 we should be a buyer. it has a very good like cyber arc, palo als to network an anti- anti-cyber theft issue but they are expensive. dan in florida, please. >> caller: boo-yah, jim. how you doing, sir? >> real good. how about you? >> caller: good. my question was in regards to twitter. i was looking maybe at investing in it. i got scared a little bit. because of the site getting hacked. i won