Reporting. Good morning, everyone. Happy holidays. The chairman and i wanted to take this opportunity to meet with you all once more prior to the end of the year. I want to start by thanking congress for passing the National Defense authorization act. We appreciate the strong demonstration of support from the house and from the senate. This legislation is a big step forward. This will enable the department to it that to some powers, and i look forward to the signing of this into lot later today. Importantly, this authorization establishes the establishment of the space force. I want to thank the president for the leadership of this historic initiative. The last time we developed a new branch of the military it was over 70 years ago when we separated the air corps from the army in 1947, creating the United States air force. Back then we saw how power had expanded during world war ii and we recognize the need for a Single Service to focus on the air domain. Similarly, reliance on space b
Demonstration of bipartisan support from the house and from the senate. This legislation is a big step forward. This will enable the department to it that to some powers, and i this legislation is a big step forward. I look forward to the signing of this into law later today. Importantly, this authorization establishes the establishment of the space force. I want to thank the president for the leadership of this historic initiative. The last time we developed a new branch of the military was over 70 years ago when we separated the air corps from the army in 1947, creating the United States air force. Back then, we saw how power had expanded during world war ii and we recognize the need for a Single Service to focus on the air domain. Similarly, reliance on space based capability has grown, and today it has evolved into a domain of its own. Maintaining american dominance is now the mission of the space force. The president will announce the official establishment later today when he sig
Things where its always on the horizon, were about to do it. I think they will do it. That will take a huge uncertainty out of the way, usmca, nafta 2, getting that out of the way. The other thing to avoid is a trade war with europe over auto parts and imports. With all the optimism, bank of america said 68 of managerses think the markets going to be good. Thats usually a bearish sign. Lauren i know. When everyone starts saying things are so good, mitch, you study this, you know the stock market, does that mean you should go in the other direction. Not necessarily. Think about what happened last year. We were worried about the fed raising rates. This year the fed lowered rates three times. The markets are sending them a message, saying we like lower rates. I think fed talk will be the thing to look at. I would look at corporate earnings next year. Baked into the market this year is the fact that next year will be a good year for earnings. Last year was a meh year for earnings. Lauren i
Your cell phones on silent. If you want to post anything on social media please tag politics prose and gw events. I am the partner manager at politics and prose and want to thank all of you for coming out on a vent we are out with George Washington University Joint venture also to bring jim mattis in conversation tonight. First a few other Exciting Events coming up in partnership with gw september 11 we have an event with Malcolm Gladwell it is a live recording of a podcast on npr on september 12 and james comey on september 16 septembe september 24 we will discuss the year of the marquis. We hope to see you at some of them this month. Secretary jim mattis a Pacific Northwest nave it is serving for decades at the marine infantry officer following two years of secretary of defense he returned to the northwest and is now distinguished fellow at the Hoover Institution at stanford. Callsign chaos is the account of his career through wide ranging leadership roles in three worst ultimately c
Look forward to the signing of this into law later today. Importantly, this authorization establishes the establishment of the space force. As the Newest Branch of the armed forces. I want to thank the president for the leadership of this historic initiative. Which will pastor us to effectively defend our National Interest in space. The last time we developed a new branch of the military it was over 70 years ago when we separated the air corps from the army in 1947, creating the United States air force. Back then we saw how power had air power had expanded during world war ii and we recognize the need for a Single Service to focus on the air domain. Similarly, reliance on space based capability has grown, and today it has evolved into a domain of its own. Maintaining american dominance is now the mission of the space force. The president will announce the official establishment later today when he signs this and we will provide Additional Details on the implementation and timeline. Nda