Prices and lack of demand. Oil is up about 2 amid more tensions with iran. That countrys foreign minister is threatening allout war in the event of a u. S. Or saudi military strike. Meanwhile, facebook chief Mark Zuckerberg heading to capitol hill today, trying to promote his vision for moderate internet regulation, as antitrust investigations are heating up. Plus, we have news on a possible isis connection to that mechanic who tried to sabotage an American Airlines plane. And Major Tv Networks are saying no to advertising ecigarettes. Varney company starts right now. David first to washington, d. C. , where midlevel china trade talks are kicking off today and they seem to be having a positive effect on the markets. The Dow Jones Industrial went from negative to positive on the news. Edward lawrence joining us live from the white house right now. Hi, edward. Whats going on . Reporter yeah, literally right now, the talks with the chinese delegation have started. The delegation has walke
What were learning now about previous safety concerns in that building. New images of the amazon rain forest on fire. The new threat to withhold u. S. Funding to brazil because of the crisis. Plus, your ride to work taking even longer. A new prediction on just how bad traffic is going to get. And the new medical research about dog owners and what they all have in common. Good friday morning, everyone. Im janai norman. And im trevor ault in for kenneth moton. We begin with one of the Biggest Online fraud cases ever. Federal agents breaking up a crime ring that stretched across the globe. At least 80 people are charged with preying on businesses and unsuspecting victims hacking emails and fooling them into turning over tens of millions of dollars. Some cases involved Online Dating scams. Abcs Serena Marshall is here with all the details. Serena, good morning. Reporter trevor and janai, good morning to both of you. This was a massive takedown following a threeyear investigation. Those sca
Backdrop on this vote on the debt what the republican strategy to lowering the federal debt is. What is the medium and longterm plan . This is certainly reaching crisis proportions. You have a debt in excess of 21 billion. Proposals like medicare for all will add over 30 trillion. This is crazy. One of the things we have to do, we have met with folks this week and last week talking about better ways of valuing the Public Benefit of different federal investments. Everyone knows you can look back at the percentage of the budget attributable to mandatory spending programs, programs not subject to annual congressional appropriations, that has exceeded far in excess of 70 of the overall budget. Up from percentages as low in the upper teens, even the low 20 percentile range decades ago. We have to attack the mandatory spending side and make sure we apply criteria that looks at the value generated from these investments, just like any private company would fo, just like a family at home would
In october of 1835, there was a letter sent to my family asking them to join the revolution. A copy of the letter is actually in my office here in washington, d. C. You can see them saying, the time to revolt is now. Over the generations, what has your family done for a living . Rep. Taylor i have been working in commercial real estate, oil and gas, farming, my family has a long history of texas with a lot of love for our state. I am very honored to represent the people of the Third District of texas. Who are your parents . Rep. Taylor my father is an attorney and a businessman, my mother is a homemaker. I grew up in midland, texas and i was born in dallas. I live about 50 miles from where i was born, not too far from home. I joined the marine corps, took a commission after i graduated from college, served on active duty for several years, continued to serve my country, got my mba from Harvard Business school, then i moved back to dallas where i was born. Went into real estate, and i w
What is the medium and longterm plan . This is certainly reaching crisis proportions. You have a debt in excess of 21 billion. Proposals like medicare for all will add over 30 trillion. This is crazy. One of the things we have to do, we have met with folks this week and last week talking about better ways of valuing the Public Benefit of different federal investments. Everyone knows you can look back at the percentage of the budget attributable to mandatory spending programs, programs not subject to annual congressional appropriations, that has exceeded far in excess of 70 of the overall budget. Up from percentages as low in the upper teens, even the low 20 percentile range decades ago. We have to attack the mandatory spending side and make sure we apply criteria that looks at the value generated from these investments, just like any private company would fo, just like a family at home would do. I believe we should actually impose penalties on members of congress. It is our job to nego