Barbara duran from bd8 capital markets. Thank you for joining us today weve got a lot of forces at play again another kind of side waist market, but some Risk Appetite if you look at whats moving higher today i agree with that i think that the action has been very constructive. And i think whats going on is youve seen the earnings expectations come down you had just a little sample last week, but majority of Companies Beat earnings and the most important thing, i think, was jpmorgan and American Express talking about the strength of the consumer in loans and spending and thats really the underpinning to the economy. And so we also know the fed, they have a meeting coming up. Im not expecting them to cut rates, but they have made it clear they stand ready and i think that forms an underpinning for the market. And not to mention china we have a little truce there i think we were all expecting some more down babeat commentar from what weve heard so far but so far, its been okay maybe rest
Good morning, everyone. The committee will come to order. We meet this morning to consider opening a very small portion of alaskas 1002 area to responsible Energy Development to meet the 1 billion budget reconciliation instruction that our Committee Received last week. The 1002 area covers 1. 57 million acres of land in northeast alaska within the nonwilderness portion. You can bring it over here sean. I think its important to put this in context in terms of the areas that we are talking about. Anwr itself is 19 million acres. This is approximately the size of south carolina. The nonwilderness area is 1002 area, is 1. 5 million acres, approximately the size of delaware. The area here is designated as wilderness, federal wilderness, 8 million acres there. When we are talking about anwr itself, its important to recognize there are parts of anwr that are designated as wilderness and parts within the refuge and parts of anwr, the 1002 area specifically designated for consideration for oil
There is more brush now than there has ever been in the past they have had to change where they go. This is real. I just left and there is no snow on the ground in fairbanks. It was 30 degrees when i left. That has a real impact as well. When it ices over they have a harder time getting to their food. I hope to see that this body recognizes that. Thank you mr. Alexander. Thank you. Senator lee. Thank you very much. I want to add my support for the opening up of a coastal plain region. This proposal makes sense on a number of levels, from an Economic Perspective opening up this small small remote area will provide billions of dollars in federal revenues alone over the next few decades which could be used to chip away at our staggering budget deficits that we are guessing. And new development will be for alaska, a state struggling for high unemployment and for its own budget shortfalls. Opening up the coastal plane makes sense. Energy development meets some of the most rigorous in the en
Downgrade. Fwu given all of that, take a look at the futures right now. You may not surprised to know we have some green arrows across the board. S p 500 up about 6. 5 points and the nasdaq up about 8 points on an expectation that a deal does get done today. But, boy, things could turn around. We will see what happens. Over, over to you. I know youre waiting. I know. Were watching and waiting. I know were news people. Come this afternoon, if we dont have anything andrew, when they said two weeks ago that these things will converge, the debt ceiling and the government shut down will converge, wa did everyone say . Theyll probably wait until the 17th to do it. Today is the 16th. But tonight, its midnight tonight is the no, i know. You know that theres the slightest bit of breathing room. You know that. I think theres a decent chance we get to tomorrow and maybe the house votes tomorrow. Look, and yesterday, once again, was humiliating for boehner. Remind he me of do you remember plan b .
The afternoon we are going to be warmer still. 55 of their high temperature. Out at all stages tomorrow. And temperatures dropped. Fattal more about that ended up coming up in just a half minute the morning jams. As we continue to monitor a really big a backup weve been and to that free for the westbound a bridge. And the accident into the macarthur maze was cleared before had a chance to back things up looking at whats the main it up and become a hot spot for the nimitz freeway x z and accidents out on alvarado boulevard there may be a second crash in the near the 70. 701 right now and developing new as a pedestrian attend under a car this morning. Kron4s mike pelton which and dust in the past halfhour when crews showed up when the car. It will also learn that the victim is his best efforts is the general hospitals is that the ico authorities are now hopeful he will survive his injuries. Fast lead to this accidents since it is video from early this morning as Police Detained up of the