Sequestration. Over 650,000 furloughs begin today for civilian workers. This morning, we want to hear your reaction and your thoughts on sequestrations impact on the military. We have a special phone line open for Defense Department employees. Otherwise, the rest of the numbers arent your screen. Are on your screen. You can also catch up with us and all your favorite social media pages. Or you can email us. A very good monday morning to you. Congress is back in session this week but also today, 650,000 civilian defense workers are set to begin their furloughs. Want to hear from you. We have a line open for dod employees. We want to hear how sequestration is impacting you. Our other phone lines are open but lets start with this story from the Washington Post. We will be covering that story in our first 45 minutes. The phone lines are open to get your thoughts on the matter. Let me read you a bit of the letter that secretary hagel sent to the department of defense staffers at of these fu
Billion of american taxpayer money for something, airplanes, supplies, support equipment, trucks, unspecified, unknown to be used by one of the most corrupt governments excuse me, the most corrupt government in the world. 2. 6 billion of american taxpayer money for something not specified, to be used somewhere, somehow, i suspect more likely in some bank account in bahrain. What are we doing . What justification is there for 2. 6 billion of additional expenditure for the Afghan National army . Have we lost our minds . No. We are just going to lose our money. What is going on here . What are we doing . What is this all about . This money should never be spent for some unspecified purpose. We take our department of defense and we hold them to a very tight account. We dont let them spend money without a contract, without reviews by the Inspector General, reviews by our committee. But heres 2. 6 billion unspecified. Oh, mr. Car decide, use it wisely. Cars eyed, use it wisely. I reserve the
330,000. Also manufacturing pmi, the fhfa home price index, the leading Economic Indicators and then the Kansas City Fed survey. The annual fed symposium in jackson hole is just Getting Started and steve lessmiesman w join us from there. Were going to get over to michelle, who has some headlines for us. Corporate news. A number of tech stories this morning. Hewlettpacka hewlettpackards Third Quarter earnings and revenue met estimates. A 9 decline in the Enterprise Group revenue. Thats hps second Largest Division and key part of Ceo Meg Whitmans turn around plan. The companys outlook was also disappointing. Hp announced it is shuffling some of its top management ranks. Shares falling in after hours trading, lower by 8 in the premarket. Well talk to well talk to an analyst in the next hour and ceo whitman will join squawk on the street 9 00 a. M. Eastern time. Apple lost tablet share in china. A drop to 28 versus 49 a year ago. Samsungs market share increased at the same time. The real w
Drilling. Now we will go live to the house floor here and cspan. Guest pleased to be here. Host you are here to talk about the Electoral College. The election wrapped up over a month ago. Why are we talking about the Electoral College and what happens today . Guest this is the next step in the election. The Electoral College is not a place but a process. Today is the process where the electors get together in each state, and they go through a complex process. But it is generally managed by the secretary of state or some other officials, and they give their votes for the electors in that state for a particular president. President obama has 332 Electoral College votes and romney has 206. So in the states where romney won, those electors will vote for him. And in the next step is for them to send it to six different places in washington, d. C. , but the main thing is they send a record of this to the senate. The senate than tallies them, puts them in two mahogany boxes. One box and they
The basic problem is really coming up with a bill that will able to get a majority of support within the house and senate and it seems to me that i think they may be getting close to that. As far as getting a more privatestyle of management, it is the sort of a tough not the they are trying to crack. They have several layers now at the Postal Service. I think what they are trying to do in the house bill is to create the idea that you have more of a private the best type of group of managers that could come in within a couple of years if the financial problems are not resolved by the steps that would be prescribed by the legislation that would perhaps be in the future something that would happen. Host the caller mentioned about unions do union see that as a way of breaking up the unions . Guest certainly, there has been there is a lot of pressure on to reduce the size of the workforce. They have about 500,000 workers. What is in the legislation is in sentence, payments, that would be ma