This is just over three hours. Good morning, everyone. The committee will come to order. Before we begin this mornings markup, id like to extend a special welcome to some of the folks that are here this morning. They have come a long way. Several of alaskans have flown down are the north slope to be with us recognizing that this is their home. I think its important that they are here with us today. We welcome them. Id also like to add, just a farewell at the same time that we acknowledge a welcome. I dont see angela heres over there. But Angela Becker editman who has been senator cantwells staff director, i understand, is moving back to the west kocoast. And that this is perhaps your last day on the committee or last week on the committee. And i just i want to acknowledge the work that you have done. I think that, certainly, the staffs on our side have enjoyed the working relationship that we have had with you through some interesting and challenging issues and your leadership has been
Stocks. Bullish stocks. You short the tenyear. Where are you today . The same. I think were at a secular bull market that began in march of 2009. I believe we hit Double Bottom in bonds, and were going to it would be nine bare market in bonds with 5 year bull market in bonds and its over. Some who say theres nothing thats attractive. I think the word cautious is the one that overrides almost every part of the conversation weve had. Here is david tepper, who was on with us. I want you to react to it on the other side. David tepper. Margins that may be under pressure because of wages and now the dollar seems to be getting stronger again. It would be okay and then you have to deal with the election. You know, generally speak, you know, pretty cautious on the market. Certainly not alone. David costa takes out their s p 500 earnings forecast. Secular stagnation. Peaking margins. Are they missing something . No, i it think i mean, look, david tepper is one of the great investors, and i think
Former new york city mayor rudy giuliani. He would not be attorney general he is in the running to be secretary of state. A new name for potential ag is former rival ted cruz. He visited with trump at trump towers but didnt say if the position was discussed. Last night Mike Huckabee said he would be surprised if cruz was offered that position but added he is certainly qualified for it. He served in an Attorney Generals Office as solicitor. He is a constitutional lawyer. He has many of the gifts. There are certain members of the Republican Senate that would be happy to confirm him because he wouldnt be in the senate. They wouldnt be that happy with him being there. The president elect weighed in on twitter. Very organized process taking place as i decide on cabinet and many other positions. I am the only one who knows who the finalists are. We know one person who is no longer interested in one of the cabinet roles. He was withdrawing himself from consideration writing in part on faceboo
Whyyll and trump are didnt we think of that . Mr. Trump goes to washington. Day in d. C. At that is how donald trump described the huddle with paul ryan and meeting on capitol hill. Just in case you have not been glued to a, i will keep you a recap. The prescott there early press got there early. Trump also spoke with Mitch Mcconnell and republicans in the upper chamber. They released a joint statement with paul ryan and donald trump saying they will have additional discussions and use the opportunity to unify the p party. Trump tweeted, great day in d. C. , rings working out really well. Reportedlyoon, trump met with james baker, one of the iconic figures, and Lindsey Graham of south carolina, who has been very antitrump, reportedly had a cordial call with trump today. Wallace, republican , what is anything was accomplished today with trumps visit . He is obviously a rising star in the Republican Party. He is revered by establishment figures, and viewed as having a bright future, but