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[inaudible conversations] good morning. The Armed Services Committee Meets this morning to receive testimony on the posture of the u. S. Central command, Africa Command of special Operations Command in the context of our review on oversight of the fiscal year 2017 Defense Budget. We are pleased to welcome our witnesses general austen general rodrigues and general votel. We thank each of you for dedicated for decades of distinguished service and for your leadership of our men and women in uniform. I would like to extend a special thanks to chairman austen and chairman rodrigues as this may be t...

In libya. Ali baba on the move this morning. Noted short seller jim chenos saying hes betting against the company. Hes also shorting tesla. Were going to hear what elan musk had to say. Donald trump not pull anything punches as usual on squawk this morning. His harsh words for janet yellen. And j. D. Has outbased. I go over the ali baba i think the real takeaway is china, Consumer Spending is very good. Thats my feeling. You think thats too brought, brought takeaway . Ah, no. I mean, listen, this is the cleanest gauge you can get of Consumer Spending. The move to mobile, by the way, is really ...

A policy that on average would hold the inflation rate below 2 . That is not our policy. We want to see the inflation rate get back to 2 as rapidly as we can. But there are lags in the impact of Monetary Policy on the economy and if we waited until inflation was back to 2 and that would probably mean that unemployment had declined well below our estimates of the natural rate and only then did we start to begin to you know, the word tighten Monetary Policy i dont think is really right because we have an immensely accommodate testify Monetary Policy in place. So let me say just to begin to dimin...

Japan was closed. Oil coming off the best week since august. Bond markets are closed. This morning its the largest tech deal in history. Dell agreeing to buy emc for 67 billion. You will hear what ceos of both companies told cnbc. We will hear where things stand now with inbev and san miller. And twitter planning companywide layoffs. A big move from newly installed ceo, jack dorsey. Dell agrees to acquire emc in a cash and stock deal valued at 67 billion. Transaction includes a special stock that tracks the performance of emcs stake in vmware. Michael dell will lead the combined company. He ta...

Materials. We begin with a record breaking weekend for apple. Fed calling for at that rate hike. A set to become two separate publicly traded companies. But first up apple is announcing it has sold more than 13 million new iphone 66s and 6 plus. It will be available in 40 more countries beginning october 9th. Look, i think that no one will care. This is a market no one may even care about alcoa which is a major split and thats because the gloom is so palpable. I spent a lot of time trying to be constructive about a market where there are black holes. You mentioned were going to get to a Compan...