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The committee will come to order. I now recognize mr. Lobiondo for a motion. Pursuant to rule 1a1, i move that the chairman be authorized to declare a hearing on todays hearing. All those in favor signify by saying aye. The ayes have it and the motion is agreed to. I want to thank everybody for being here today. This is an important hearing were having here today. And were talking about what i consider extremely important legislation. And i believe everybody on the committee, both sides of the aisle, believes reauthorization of the faa, reforming it, is extremely important to all of us. The wa...

Power lunch starts right now thank you, michelle your money just keeps pushing higher and higher. The dow and s p hitting new alltime highs tech roaring back as a top performer. Energy lag a bit loyal prices falling today overall, though, a good day for your investments and your money. Straight to bob fisani with more on why theres a monday filled with optimism again. And we are at new highs for several reasons. Lets take a look at the new high s p 500 and the Dow Jones Industrial average new highs because the breadth of the market is widening out last week, tech stocks were losers many losers...

Good morning, everyone. Welcome to mornings on 2, saturday, july 5th. Im mike mibach. Good morning. Im Christina Rendon in for claudine wong. Lets get a quick look at our weather with rosemary. Good morning to you. Its a goodlooking start here in the east bay. A live look at mount diablo, the sun is shining. Wow, doesnt that look nice . Some of us not enjoying the sunshine this morning. The clouds are greeting us once again inside the bay, never left the coastline. Take a look, pretty widespread at this hour. It is going to peel back once again and well be left with mostly sunny skies away fro...

Coming up in a few minutes. A couple of different stories were watching. The nasdaq partying like its the year 2000. Closing above 5,000 for the First Time Since then in only the third time ever. The nasdaq now. 8 away from the record close. There is a surprise from down under this morning. Australia central bank holding back on further easings. Gasoline prices jumped 37cents a gallon. Now thats the largest week to week increase since the agency began its survey in 1992 but life is relative and if you remember where things were six months ago its hard to complain. So it doubled in three and do...

Unmet needs or changing courses during changing times. Yet, its a terrific part of this amazing longterm rally, including today, where the dow climbed 39 points, s p advanced 1. 2 and the nasdaq gained 0. 23 . I know this factor is underestimated because i see it every day. This morning we got a textbook example. Right now theres a widespread perception that stocks are expensive. You hear it all the time, bubble, bubble, bubble, bubble. If you did read this mornings wall street journal, you might have see a story entitled frostbitten costco is on thin ice. In this ahead of the tape al article,...