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Committee meets to receive the testimony of the secretary of defense and the chairman of the joint chief of staffs on the administrations fiscal year 2018 budget request. We welcome secretary mattis for the first time before our committee and we welcome chairman dunford back. The question today, as it is each year for this hearing, is how well the administrations proposal meets the security needs of the nation. Factoring in both the external threats and the current state of our military. This co...

Power lunch starts right now thank you, michelle your money just keeps pushing higher and higher. The dow and s p hitting new alltime highs tech roaring back as a top performer. Energy lag a bit loyal prices falling today overall, though, a good day for your investments and your money. Straight to bob fisani with more on why theres a monday filled with optimism again. And we are at new highs for several reasons. Lets take a look at the new high s p 500 and the Dow Jones Industrial average new hi...

Are closing, and we have some direction, unlike yesterday. Bithe dow was a little lower, now it is a little bit higher. All three in the green at the moment, with Technology Leading the game at. 5 . We are still seeing low volatility, well, not still, but the return of low volatility after it reared its head, particularly in technology. It has gotten call once again. Take a look at the mix. We are seeing a 6 drop fix vix. And a seeing a 6 drop, drop in some of the performers in s p 500 today. Be...

Developed world, but frankly i think it is just moving up because of the fed. It is the lack of faith. Something we have been seeing for seven years, the light of faith in the administration, the lack of faith in the qe in other parts of the world that are tapering. The expectation that nothing is going to change and it is the business as usual, i think that is an incorrect interpretation. We will see curves steeply again as the right policy makes begins to unfold. If you look at the feds, they ...

Are closing, and we have some direction, unlike yesterday. Bithe dow was a little lower, now it is a little bit higher. All three in the green at the moment, with Technology Leading the game at. 5 . We are still seeing low volatility, well, not still, but the return of low volatility after it reared its head, particularly in technology. It has gotten call once again. Take a look at the mix. We are seeing a 6 drop fix vix. And a seeing a 6 drop, drop in some of the performers in s p 500 today. Be...

Are closing, and we have some direction, unlike yesterday. Bithe dow was a little lower, now it is a little bit higher. All three in the green at the moment, with Technology Leading the game at. 5 . We are still seeing low volatility, well, not still, but the return of low volatility after it reared its head, particularly in technology. It has gotten call once again. Take a look at the mix. We are seeing a 6 drop fix vix. And a seeing a 6 drop, drop in some of the performers in s p 500 today. Be...

U. S. Are still high yield. T is keeping the long end i think the flat thing has more room to run. It is the lack of faith we have been seeing for the last seven years. It is a lack of faith in the administration, the lack of faith in the qe in other parts of the world that are keeping bond yield suppressed. The expectation that nothing is going to change and it is the business as usual, i think that is an incorrect interpretation. I think we will see curves steepening again as the right policy ...

The Interest Rates in the u. S. Are still high yield. That is keeping the long end i think the flat thing has more room to run. It is the lack of faith we have been seeing for the last seven years. It is a lack of faith in the administration, the lack of faith in the qe in other parts of the world that are keeping bond yield suppressed. The expectation that nothing is going to change and it is the business as usual, i think that is an incorrect interpretation. I think we will see curves steepeni...

So, its like you can be a general and at the same time commander of the southern forces, i dont know. Damian so, you were an ambassador at some point in some other country . Mauricio yes, yes. My rank is ambassador because wethe Foreign Service is a career, as a military career. And i have been ambassador, and my last post was portugal, by the way. Damian all right, theyre playing now in the confederacion as well. Welcome again to the show. Were here to talk about a very important topic because ...

So, its like you can be a general and at the same time commander of the southern forces, i dont know. Damian so, you were an ambassador at some point in some other country . Mauricio yes, yes. My rank is ambassador because wethe Foreign Service is a career, as a military career. And i have been ambassador, and my last post was portugal, by the way. Damian all right, theyre playing now in the confederacion as well. Welcome again to the show. Were here to talk about a very important topic because ...