Republican Senate Finance committee chair, Chuck Grassley who joins us right now. Thank you for coming. Glad to be with you, neil. Neil what does your gut say how long it could last if it gets to the senate . Chuck schumer is demanding witnesses, wants to speak to mick mulvaney, chief of staff, john bolton, a host of others, where do you think this goes . I dont think there will be any decision on bringing people in for questioning until after we had the Opening Statements by the prosecutors coming from the house of representatives and by the president s response to that, his lawyers responding to that. And then at that point, there might be some debate of that. But i think that the idea is not to prolong this, to give a fair trial and reach a decision based upon well thoughtout testimony for and against the president but not to make it any longer than necessary because the senate has a lot of work to do and, and we want to get to that work. Neil as you know the president seems to be,
The crimean referendum, of course, is this weekend. The roadmap begins with continuing Global Concerns led by china and ukraine. Have the markets looking at a modestly higher open this after the major averages logged their worst day since february 3 period. General motors is firing back that air bag failure in recalled vehicles resulted in more than 300 deaths. Target admitting it did not take immediate action after Security Software originally alerted the company to malicious activity after the data breach. And Mark Zuckerberg calls president obama to complain about the governments surveillance programs. First up, though, thursday, the 13, was bad luck for the bulls as worries about a slowdown in china and rising tension between ukraine and russia helped spark a market selloff. All 30 components finishing in the red. And the s p has fallen to negative territory for the year and the nasdaq posting a decline for the fifth time in six sessions. The s p has only had a yeartodate gain nine
Hedge the geopolitical dynamics this morning. We begin with a big shakeup in the Dow Jones Industrial average. Nike and visa replacing alcoa, hp and bank of america in the benchmark index. But the markets dow included still facing head winds. President obama making his case for the nation tonight for action in syria. Mcdonalds samestore sales handily beating expectations with europe leading the charge. And just hours from now apple expected to unveil new versions of its iphone and other select products but could it have Something Else up its sleeve . But well begin with goldman, visa and nike being added to the blue chip index at the close of trading september 20th. Theyll replace bank of america, Hewlett Packard and alcoa. The indices says the changes were because of the low stock prices and the desire to diversify the sector and industry representation in the dow. Interestingly, although goldman, nike and visa are all beating the doubt for the year, hp is the best performance compone