I will start with some good news well, first of all, i will start with thinking our witnesses for being here and thanking them for their service to our country. Further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Last year we were off by 3. 5 months, Something Like that thats better than drifting into the next year. We did get appropriation bills done by december of last year which gives some predictability to the department i think that is enormously important. This year we hope to come a little closer to october 1 certainly on the authorizing bill that also the appropriation bill but most importantly, we hav
Thanking them for their service to our country. Both have served our country in various capacities for a long time. Not an easy thing to do. I respect and appreciate that work. I look forward to continuing to work with you. The good news i want to start with is unlike last year we have a budget agreement. And last year we spent a lot of time talking about how difficult it is to run anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Now, last year we were off by i dont know 3. 5 months, Something Like that, but thats better than drifting into the next year. We did get Appropriations Bills and an authorizing bill done by december of last year which gives some predictability to the department. I think thats important. This year we hope to come a little bit closer to october 1st. Certainly on the authorizing bill, but also in the appropriations bill. Most importantly, we have a budget number. And hopefully we can get that pre
They want to go to france, they want to go to germany, they want to go to these countries where they came from. That is their home. The u. S. Is not their home. It is not fair we are holding these people and that other countries are not taking them because we are bearing the cost. I think nato should be expanded and we should include the middle east, absolutely. We paper a big percent of nato. We pay for a big percent of nato. If you speak to the secretarygeneral, who is doing a terrific job, he will tell you i raised 130 billion more. It was going down from past administrations every single year. It was down to a low number. I came in and said you have to pay, we are protecting you, we are a part of this. We do not want to be the fools like we have been. We raised 130 million. We had a meeting with the countries. I said you have to pay. I can imagine they do not like me as much as obama and other people. More. E 130 billion my biggest fan in the world is secretarygeneral stoltenberg b
Fbn a. M. Starts right now. Cheryl the song is block hawk. Were going to have black hawk. Well have that coffee, donut debate later on in the show. Good morning, im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl you may have been surprised if you saw markets react to the yo attacks in iraq against u. S. Soldiers. 24 hours ago we were talking about a Global Market selloff. Futures are now higher by 89, s p is up 11 and a quarter, nasdaq up 43 andahalf. The nasdaq closed at a new record last night. Lauren lets take a look at commodities, oil prices are up today by 16cents, below 60 a barrel, after rock he et a rockn baghdads green zone. Gold continues its sell off. Cheryl taking a look at stocks in asia, stocks finishing broadly higher with japan leading the way. The nikkei gaining more than 2 and a quarter percent. Hang seng and kospi, strong numbers in asia. Lauren investors reading all this as a deescalation of conflict in the middle east and iran. The dax is gaining
Hours as we await the next jobs number. Time now for global exchange. From london to berlin and washington come our bloomberg voices are on the ground with this mornings top stories. We begin with irans response to claims that the ukrainian passenger jet crashed in tehran was shut down. The head of the countrys Civil Aviation authority said this on state tv. Law, i said, based on the there is full coordination between our air defense and civil system. Are Aviation Personnel and defense personnel sit sidebyside, so it is absolutely impossible for such a thing to happen. Alix for more, we are joined by stuart wallace, Bloomberg News director for the middle east, joining us from washington. What is the latest . Stuart tehran came out with that, and they are sticking to its story. They continue to stick to that line despite just about everyone theye world saying that have reasonably good intelligence that there was at least a possibility that airplane was hit by a missile. That hasnt been