Representatives of the Auto Industry and an Environmental Group testified. Good morning. The joint subcommittee will now come to order. The chair to recognize himself for fibers for an Opening Statement. Good morning. I would like to think i witnesses for with us this morning. Today we are here to discuss with stakeholders the corporate average fuel Economy Program, or cafe, at the national highway Transportation Safety administration, and the Greenhouse Gas emissions standards at the u. S. Environmental Protection Agency that govern fuel economy standards. Nhtsas cafe program was established by congress in 1975. The goals of the program are to improve vehicle fuel economy, reduce oil consumption, and secure the Nations Energy independence. The cafe program has undergone major changes and modifications in the past four decades, both because of political and economic forces. Less than 10 years ago, and on top of the cafe program, the epa standards were created to incentivize the product
The wind is at back of investors here in stocks. How much different that is since friday when everyone was talking about selling off shares of tech and 2018 was not going to be the year of technology, but yet we come in this morning and we seat flows which i think are very important to Pay Attention to in the first couple of weeks the flows are going into technology also, i would be watching as a early indicator of to 18 the u. S. Dollar and where that goes. We are challenging the 17 levels knows lows are the lowest level since 14 so i think thats going to be important early on. I meaning the setup, josh, would appear to be to be pretty darn good other than the fact that youve been up almost unabated for as long as we can remember whats the other risk thats out there to this story continuing the way that it ended. I think the most bullish thing that you can say the setup right now is when you actually look back at years where the s p has a phenomenal year, there is nothing in the data,
Here fed ex sign this you know and youre seeing this horrible interaction you feel like i dont want to use fed ex id rather pay twice as much to just use u. P. S. Because why would i want something an interaction like that why would i want an experience like that and people these corporations that dont understand how horrible it is to have to deal with their frontline staff if its not trained if its not well if you go into some of these big d. I. Y. Shops for example and you ask one of their Customer Service reps for information about some plumbing supplies and they have no idea what the anything about what theyre supposed to be an expert on you know these sort of things that i think factors listed and u. B. S. Is not really not so see this is the fact that German Companies are so good as they dont list shareholder shareholders demand you destroy their company thats the way things are now they demand that you hollow it out and and destroy all value because they want it now they dont wa
Perhaps somewhat more swollen economies the large ones put all of us have to take into account the International Repercussions of what we do because we are. Which is of it is streaming kind of getting more and more independent not just the past hundred years despite what some people say but marco polo already was it greasy going to defend its way back when its been going on ever since and even before that well but i dont mean sort of neighbor politician on taking advantage of your neighbor but i think whats interesting about the United States is that one appeared on the scene of his slogan putting America First it was very difficult for me to explain to my russian friends what he means because in many countries you are supposed to do that anyway you are not making that into your election slogan this is something that is presumed he will not be voted in if you are in my opinion the only way we were putting America First was the old policies we are not with the new policies because i thi
Idea that that was a u. P. S. Had been euthanized and fed ex not but in my own experience it was just this like complete nightmare we had a an experience last year with fed ex as well you who member that theyve lost a package so just my own personal experience without knowing anything just an interaction with these two corporations the experience. Compared to what is the fact for the workers showed up on my own personal experience with them thats real anecdotal evidence on the Ground Research and what its so if you gleaned from this i gleaned that how your workers feel genuinely impacts your brand whether you know the shareholders at fed ex of course want the company to maximize profit get as much profit out of every single worker pay their workers as little as possible but when youre interacting on it you know youre the person here fed ex sign this you know and youre seeing this horrible interaction you feel like i dont want to use fed ex id rather pay twice as much to just use u. P.