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Good morning. This hearing of the subcommittee on readiness and management will come to order. Subcommittee meets today to receive testimony from undersecretary defense for acquisition and sustainment, ellen lord concerning supply chain integrity fourth apartment of defense in the United States. Since her initial confirmation as the under secretary of defense secretary lord has oversensitive give acquisition reform at the department of defense and i am sure we will talk about some of that today. As the u. S. National armament director she has traveled to see the u. S. Throughout the u. S. And the to see our allies and partners with regards to the development and Manufacturing Activities around the world and unfortunately has seen how reliant the u. S. Defense Industrial Base chain has become particularly as it ....
The speaker pro tempore for what purpose does the gentleman from california seek recognition . Mr. Swalwell i will withdraw an offensive word. Mr. Collins ill withdraw my point of order. Mr. Swalwell may i have 30 seconds. The speaker pro tempore the gentleman has 30 seconds remaining. The chair controls the time. The gentleman has 30 seconds remaining. Does the gentlelady wish to grant him an additional 30 seconds. Ms. Jackson lee im prepared to grant him an additional 30 seconds. Mr. Collins i withdraw my point of order. The speaker pro tempore the gentleman withdraws. Mr. Swalwell we have an opportunity today to condemn or condone. Birtherism is racist. Saying a mexican judge cannot be fair because of his heritage is racist. Saying immigrants from mexico are rapists is racist. Telling four members of the body to go home because of where you believe they are from is racist. There is racism coming out of the white house. There is racism coming out of the white house. So where will you ....
Seventh straight session. Dropping triple digits today. For the year the dow is actually down the better part of 3 . S p 500 is still positive for 2015. But its broken a technical level, slipping below the 200day moving average. Twice in the summer it has bounced on that. Will it do that from here . The dollar hit highs not seen since april, but if im looking at the screen to the right of me correctly, it is raised those gains and now in negative territory for the session overall. Despite that, Oil Continues to be under pressure. Prices down about 5 1 2 percent for the week. Oil light sweet crude is just trading above 44 a barrel. If we break that it will be significant. Check out the yields on the benchmark 10year treasury notes. Yields down to 2. 18 . Despite the view that the fed might be hiking on this payroll data in september. Vrm the nasdaq is the biggest loser right now. Kate rogers is following the action. It is not quite ....