REPORTING.
CAN'T WAIT FOR THE LIVE COVERAGE
ALL DAY FROM DEIRDRE K AND YOU
WILL HEAR FROM MARK ZUCKERBERG.
>>> FUTURES REPORTING A HIGHER
OPEN AFTER CHINA'S PRESIDENT
SAID HIS GOVERNMENT WOULD
SIGNIFICANTLY LOWER TARIFFS ON
VEHICLE IMPORTS, ALLOW GREATER
ACCESS TO BANKING AND
MANUFACTURING SECTORS, EXPAND
INTELLECTUAL PROPERTY AS PART OF
AN EFFORT TO OPEN UP HIS
COUNTRY'S ECONOMY TO THE WORLD.
CHINA, HOWEVER, ALSO FILED A
COMPLAINT CHALLENGING PRESIDENT
TRUMP'S TARIFFS ON STEEL AND
ALUMINUM.
JOINING US NOW, MURRAY ENERGY
CEO, BOB MURRAY.
YOUR OPINION, BOB.
>> I SUPPORT PLUMP AND WHAT --
PRESIDENT TRUMP AND WHAT HE'S
DOING IN THE TARIFFS.
IT'S FAR PAST THE TIME THE THAT
AMERICA DEFENDED ITS
MANUFACTURERS AND OUR TRADE
IMBALANCE IN THE GLOBAL
MARKETPLACE.
AS FAR AS OUR COAL INDUSTRY IS
CONCERNED, IT'S NOT GOING TO
HAVE ANY EFFECT, BUT I THINK IT
WILL CREATE JOBS IN AMERICA.
THAT'S WHAT WE NEED.
DAGEN: DO YOU TAKE ANY ISSUE
WITH THE WAY THE BACK AND FORTH
ON TRADE, THE ORIGINAL TARIFFS,
HOW IT WAS ROLLED OUT OR EVEN
MESSAGED TO AMERICAN BUSINESSES
AND CONSUMERS?
>> I THINK THE TRANSITION COULD
HAVE BEEN A LITTLE SMOOTHER,
DAGEN, AND PERHAPS IF THE
PRESIDENT HAD DONE IT OVER
AGAIN, MAYBE HE WOULD HAVE
ROLLED IT OUT DIFFERENTLY.
BUT, YOU SEE, THAT'S HIS WAY.
HE LAYS OUT WHAT HE'S GOING TO
DO, SCARES THE OPPONENT AND THEN
BACKS WITH OFF A BIT.
AND THAT'S HIS WAY TO NEGOTIATE.
I LIKE IT.
[LAUGHTER]
I THINK HE'S GREAT.
DAGEN: DO YOU NEGOTIATE THAT
WAY, BOB?
>> I DO.
AND HE IS AN ABSOLUTE WONDERFUL
PRESIDENT, AND HE IS FOR THE
WORKING PEOPLE.
HE MUST HAVE GOT TO KNOW THE
BRICKLAYERS, PLUMBERS WHEN HE
WAS BUILDING THESE BUILDINGS
HERE IN NEW YORK, BECAUSE HE
DEEPLY CARES ABOUT WORKING
PEOPLE.
HE'S DEMONSTRATED THAT WITH MY
COAL MINORS.
DAGEN: WELL -- MINERS.
WELL, SPOOKING OF PRESIDENT
TRUMP, HE SAID LAST WEEK HE'S
LOOKING AT ISSUING AN EMERGENCY
ORDER TO KEEP PLANTS ON LINE.
THE MARKS FOLLOW A REQUEST FROM
SECTION 2020 TO SAVE GENERATORS
AT THE RISK OF RETIREMENT.
ENERGY SECRETARY RICK PERRY IS
VOICING DOUBTS ABOUT THE REQUEST
WHICH FREE MARKET ADVOCATES HAVE
CRITICIZED.
WHAT IS YOUR REACTION --
>> IT IS NOT A BAILOUT AT ALL.
PRICING MECHANISMS IN THE
ELECTRIC POWER GRID WORK AGAINST
NUCLEAR POWER AND COAL-FIRED
GENERATION.
THERE NEEDS TO BE BALANCE IN THE
GRID.
WINDMILLS, SOLAR PANELS GET A
30% PRODUCTION TAX CREDIT.
WE NEED TO GET THE GOVERNMENT
OUT OF THE GRID, NOT INTO THE
GRID.
THEY PROPOSED ON SEPTEMBER 28TH
TO THE FEDERAL ENERGY REGULATORY
COMMISSION, THE PRESIDENT AND
SECRETARY, TO DEAL WITH THIS.
THE FERC MEMBERS DIDN'T DO THEIR
JOBS AND KICKED THE CAN DOWN THE
ROAD.
NOW WE HAVE A CRISIS WITH ALL
THESE NUCLEAR PLANTS.
THERE'S BEEN 531 COAL-FIRED
PLANTS CLOSED.
THAT'S 59,000 MEGAWATTS.
THERE'S ANOTHER 20,000 MEGAWATTS
TO BE CLOSED IN THE NEXT FIVE
YEARS.
THIS IS A CRISIS.
DURING THIS BOMB CYCLONE THAT
YOU JUST HAD HERE IN NEW YORK,
NATURAL GAS PRICES WENT UP TO
$150 FROM $3.
TWO MILLION PEOPLE WENT WITHOUT
ELECTRICITY.
AND 22 PEOPLE DIED.
WE HAVE A CRISIS IN THIS
COUNTRY
OF UNRELIABLE, LOW COST
GENERATION.
AND IT NEEDS TO BE DEALT WITH.
THEY TRIED TO GET FERC TO DO IT,
NOW THE PRESIDENT AND SECRETARY
PERRY HAVE GOT TO STEP IN FOR
THE SAKE OF THAT MOTHER ON A
FIXED INCOME, THAT MANUFACTURER
THAT CREATES JOBS AND THAT
COUPLE ON RETIRED, THAT ARE
RETIRED ON A FIXED INCOME.
WE NEED SECTION 202C OF THE
FEDERAL ACT, POWER ACT ENACTED.
IT IS A CRISIS IN AMERICA.
AND THAT IS WHY THAT STATUTE IS
THERE FROM OUR CONGRESS.
DAGEN: HAVE YOU TALKED TO
PRESIDENT TRUMP RECENTLY?
>> I HAVE.
DAGEN: AND?
>> HE'S VERY MUCH FOR IT.
DAGEN: SO YOU THINK IT'LL
HAPPEN.
>> I THINK IT'LL HAPPEN.
IT HAS TO HAPPEN.
BECAUSE THAT BOMB CYCLONE WAS
JUST EIGHT DAYS OF A COLD SNAP.
DAGEN: RIGHT.
>> AND THE POWER GRID NEARLY
COLLAPSED.
AND THE OPPONENTS OF COAL AND
NUCLEAR POWER, NATURAL GAS, WHEN
THEY CALLED ON NATURAL GAS, THE
PIPELINES WERE FROZE.
IT WENT INTO HOME HEATING, AND
THERE WERE 30,000 MEGAWATTS OF
GAS-POWERED GENERATION THAT THEY
SAID WOULD BE THERE THAT WASN'T.
ACTUALLY, THE WINDMILLS AND THE
SOLAR PANELS WENT THE OTHER WAY.
THEY DECLINED DURING THIS
CRISIS.
COAL STEPPED UP AND PRODUCED 84%
OF THE POWER BETWEEN, IN THIS
AREA OF THE COUNTRY BETWEEN
DECEMBER 28TH AND JANUARY 8TH.
WE NEED COAL, WE NEED NUCLEAR,
AND THAT IS WHAT THEY'RE TRYING
TO ADDRESS TO KEEP A RELIABLE,
RESILIENT ELECTRIC POWER GRID.
DAGEN: AND COAL COUNTRY SURELY
VOTED FOR PRESIDENT TRUMP.
>> WE SURELY DID.
DAGEN: WESTERN VIRGINIA.
WESTERN VIRGINIA AND WEST