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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 ....
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 wi ....
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 ....
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 . ....