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Host our conversation continues, looking at cushing oklahoma, and the role it plays in the oil industry. We want to go up to new york now, where Daniel Yergin is joining us. He is the author of both the quest, and the prize. You have been to cushing oklahoma. How would you describe it . Guest you see all of the tanks, and it is quiet, and you have the oil moving at the stately rate of four miles per hour. It is very calm, yet you realize it is one of the notable points in the oil industry, and we see on the reports of what the oil price was, it all goes back to cushing, which has been a great ...

Present, quickly pledged to support these local efforts in order to ensure full recovery. He created the Hurricane Sandy rebuilding task force to maximize cabinet level ordination in support of the work to rebuild this region. Ive been enormously proud to share this effort as we work to achieve two basic goals. One, to get the assistance you all thought so hard to make a reality to communities as quickly as possible, to meet the immediate needs and second to ensure the region rebuild stronger and smarter than before so its better equipped for future storms. Quickly and effectively. As you know...

They are making them up. If confirmed, i will focus on a few issues that are vital to our national interests. People under the age of 30 are our audience. I will advance Public Diplomacys focus on youth, including girls so that they see our nation and our people as friends and allies. If confirmed, i will work to identify and implement the best practices of social media and mobile technology. Our department a long these new platforms in targeting the new audience we want. This cannot replace people to people diplomacy. Social media is a gigantic force. He are an entrepreneurial nation. That ex...

Savings and we have one time savings. These would allow an increase of nine 10 of a percent in the budget and as the director stated we are working with the department and will report back next week. Okay. Thank you mr. Rose. Colleagues any questions . Okay. Thanks we will see you next wednesday. Thank you very much. Thank you everyone. We will go into recess until 145. We will see you then. [gavel] were at our regularly scheduled meeting for wednesday, june 18, 2014. We are in the middle of hearing items 1 and 2 for the 2014, 15, 16 budget. Well pick it up. Up next is our public offender and ...

Todays top story, theres only one. The dow rallied more than 300 points in the last two sez sessions. The blue chip index is now within 89 points of its alltime record rose. Europe is seeing a lot of green in early action, as well, on thursday. February 28th, 2013, squawk box begins right now. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Our guest host this hour is sentinel president and ceo christian swake. Good morning. Thank you for being here and joining us. As you said, it is a good day to here be here. Weve been watching the u. S. Equit...