I ask our guests to take their seats, please. The subcommittee on energy and power will now come to order and the chair will recognize himself for five minutes for an opening statement. First of all, welcome, mr. Secretary. Its great to have you here. And todays hearing is going to examine the department of energys management and Mission Priorities under the leadership of secretary rick perry. Im very pleased to welcome this morning for his first appearance before the subcommittee. It performs essential Nuclear Security and National Security missions. It plays a central role in ensuring the nations Domestic Energy security and sorting americas Strategic Interests in the international markets. It performs challenging cleanup operations to address its vast environmental and Nuclear Waste liabilities and provides key energy data and supports foundational science and Technological Development to advance the benefits of all forms of energy and Energy Delivery to ensure the longterm security
Feierstein. He is with the middle east institute and former Principal Deputy assistant secretary of state for Near Eastern Affairs in the obama white house. Thank you for being with us. We appreciate it. Guest pleasure being with you. Host let me begin with something from the weekly secretary ofording state Rex Tillerson and what he called the economic blockade in the persian gulf, the nation of qatar, saying theyre argumentative in consequence of the blockade, something that he says can be resolved. There is a resolution possible. Explain what happened, why there is a blockade, and what is the implications what the implications have been. Guest well, fundamentally this is an issue its a dispute that has been going on for a number of years. We have had flareups before. 2014, there was also a break in diplomatic relations between saudi arabia and emirates on one side and qatar on the other. It is about support for political islam, the Muslim Brotherhood, as well as positions on iran and
Good news, preflooding looks moderate. Debris flows look low with the storm system. We will go hour by hour and timeout this wet weather for you and that full accuweather forecast. Thank you, drew. People living along a picturesque town along the beach have more to fear than most of us with the upcoming storms. One portion of highway 1 is close end there could be more trouble coming. New at 6 00, Wayne Friedman joins us live with that story. Wayne . Reporter well, we know about the closure on highway 1 south, that highway is closed there. Now cal tran acknowledges there may be another problem developing north of town between the beach and Stinson Beach which makes only one way out of town that road has been reduced to one lane for a couple of years it has been a content, a matter of contention for quite a while. This winter the concern isnt so much about paradise lost as paradise becoming land locked. But the road to paradise is paved with obstacles. They are marked with hieroglyphics
Facing almost a full week of rain starting tomorrow and some areas still havent recovered from last weeks rain. We have Live Team Coverage at the hardest hit areas, on how people are preparing for the next several days. Drew . Reporter dan, we are now seeing that storm start to end on shore, ending our period of dry weather and series of storms over the next several days. On top of the job tonight, you notice live doppler 7 right over the immediate bay area, we are dry at this moment. But just north of clover dale, north of ukiah, that is where the rain is located right now. Over the past three hours, showing you, this is just the initial line of moisture, heaviest impacts still about 12 to 18 hours away. On the storm impact scale, it is get you into wednesday. This is a moderate torm, starting off with ice and showers in the morning and really ramping up in the evening with heavy rain and very strong winds. Some concerns that we have tomorrow, Power Outages certainly a high concern wi
Impose a fine and permanantly bar him from the Banking Industry stemming from their unauthorized use and disclosure of confidential supervisory information. My understanding is its not revealed in any of the particular documents but its internal ratings of other banks. This was a rating of another bank. Allegedly used in pitch meetings with clients and potential clients so this information just coming off of embargo now. Well have to talk to them and see what their side of the story is but for now the news is Goldman Sachs reported to pay 36. 3 million civil penalty. Back to you. More from you later on that. Thank you so much. Meanwhile, it is just after 8 00 a. M. Out west. 11 00 a. M. Here on wall street and squawk alley is live. Good wednesday morning. Welcome to squawk alley with you for the hour. On assignment in rio at the olympics and also joining us this morning out west, inside. Com founder and ceo. Our top story this morning, Hewlett Packard Ceo Meg Whitman doubling down on c