Ways vehicles can become more energy efficient. Representatives from General Motors, toyota and center for Automotive Research. The committee will come to order. A little unusual to be here at the Convention Center for an energy hearing, but i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show surrounded by the latest and greatest the Auto Industry has to offer. I am joined this morning by senator stabenow from the great state of michigan. She tells me while the washington auto show is good, the Detroit Auto Show is great. That might be the rlocale next year on the same subject. I appreciate you sitting in for senator cantwell. I understand senator manchin will be with us, but i want to thank the city of washington and the National Auto Dealers Association that puts on the show every year for helping us coordinate the hearing. The host of technologies that ha
And andrew ross sorkin. Well talk about the fed and the Market Reaction in a moment. But first, check this out everybody. Close friend of the show. Jordan spieth hitting a hole in one. Yes it happened on par 3. The par 3 2nd at conway farms golf club. Thats in lake forest illinois. One bounce off the run on to the green and right into the bottom of the cup. Wow. Okay. Lets get you caught up on the market news in the morning. Got to love that. U. S. Equity futures at this hour after the feds decision not to move. Janet yellen and the feds. It is a group. And hes not even complaining. Hes not complaining. Dow looks like it would open down about 55 points right now. Just broke up to 57 points. S p 500 down 7. 5 points as well and the nasdaq open off about 17 points. The fed of course, were doing it again. Were doing it every day. What if they had raised what would the markets have done. No idea. 110 points to 7yearold 0 Interest Rate policy. Market odds for december hike still above 60 .
Professor trotta is a theoretical cosmologist in the astro Physics Group of imperial college, london. One of the worlds leading figures in astro statistics, a new discipline focusing on the use of statistical methods to solve problems in cosmology and as as astro physics. Roberto has held Research Positions at the universe oft general have no extra, universities of oxford, and visiting positions at the African Institute for Mathematical Sciences in capetown. And university of california at Santa Barbara. Also published more than 50 scientific papers, contributed to two books, and received numerous awards for his research, including case western reserve university, the word order of the British Association for the advancement of science, and a Public Engagement fellowship by the science and Technology Facilities council uk. Please join me welcoming dr. Row bert to trotta. [applause] good evening, and thank you for being here. Im very pleased to be here tonight at such an amazing place.
Fourth tiers, that has already begun to happen. And major contractors have said that the furloughs were triggered because the Defense Contract Management Agency was furloughed. And so the contract inspectors, some of the technical inspectors, werent there. And also that some of the government facilities had not opened up, some of of the governmentowned contractor operated facilities but even the most of the civilians are back at work and some companies are still gone ahead and furloughed or laid folks off. Why is this the case, that this is where companies are trying to bank savings for the future that they understand that deep defense cuts are companying or driven by what is happening . I think it is a combination of both. But what youre really seeing is the result of uncertainty. With unpredictability and uncertainty in the market, sue more conservative tism. It is a cascade effect. Where you saw it in week one, and you see it at the second tiers in week three and third and fourth ti
The presiding officer the senator from tennessee. Mr. Alexander i want to join in this a little bit because i recognize two things about the senator from oklahoma, one, hes been out front in trying as the senator from maryland said get value for the taxpayers dollar and second, hes working in a cooperative way to help us get a result. Those are two great characteristics in a body of 100 people that operates by unanimous consent. Im grateful for that. On the first point i agree with the Early Childhood money. We really have about 18 billion there. From various streams of federal dollars that are aimed at children below 5 or 6. Then we have state dollars, then we have local dollars, then we have private dollars, and weve grappled with ways to try to make sure we spend that more effectively. One way is to emphasize centers of excellence like nashville or denver or jersey city where they try to put all that money together. Im committed to work with senator harkin and senator mikulski to ta