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Of Naval Operations John Richardson and comidant robert miller. Good morning. The committee is meeting today to receive testimony on the plans and programs in the department of the Navy Fiscal Year 2018. I want to thank each of the witnesses for their distinguished service and is civilians they lead who are serving around the world today. In recent months, our nations senior civilian defense and military leaders have testified to this committee about the severe threats we face around the world. They have reported shortfalls and readiness that our military advantage over our potential adversari...

The chair notes the presence of a quorum. Committee meets today to consider and mark up h. R. 2010, the National Defense authorization act for fiscal year 2018. For 55 straight years, under congresses and president s of both parties, and annual ndaa has been signed into law. Im certain that this you will be no different. The members of this committee have an overwhelming commitment to the duty placed on us by the constitution to support the men and women who serve our nation in the military. Every member of this committee has contributed to this legislation. Committee member suggested 1531 sep...

By a fraction of a percent crude oil, this is the one weve been watching very, very closely. We have wti down by 1. 6 brent it down by 1. 5 . This is quite a rebound from the lows back in june. We are up by 12 from june 21st lows so staggering move in just a short amount of time weird. Weird to see the dow so strong and the nasdaq so weak thats been happening more the nasdaq had been stronger on a relative basis then the rotation happened. I dont know what it means. Maybe its healthy this is scary and not healthy. Maybe the meeting is good, but the reason for it frightening. The u. S. Requesti...

Abigail, a lot of bouncing around. Abigail yes. Wishywashy trading. Not long ago, both were ever so slightly higher. Than nasdaq has mainly been in the red all day, down more so than the s p 500. Down half a percent or so. Turnaround drama in d. C. , political tensions. The dow and s p 500 down two weeks in a row right now by a small margin for a third week in a row. The nasdaq down five weeks in a row. The first time that could happen since 2012. Wise break it down sector for the s p 500 by going to the bloomberg and taking a look. There is more green, more sectors in the green than in red. M...

Abigail, a lot of bouncing around. Abigail yes. Wishywashy trading. Not long ago, both were ever so slightly higher. Than nasdaq has mainly been in the red all day, down more so than the s p 500. Down half a percent or so. Turnaround drama in d. C. , political tensions. The dow and s p 500 down two weeks in a row right now by a small margin for a third week in a row. The nasdaq down five weeks in a row. The first time that could happen since 2012. Wise break it down sector for the s p 500 by going to the bloomberg and taking a look. There is more green, more sectors in the green than in red. M...