Terrorists turned civilian aircraft into weapons, killing nearly 3,000 americans and injuring thousands more. Today we honor the memories of those who perished and those First Responders who ran into harms way to help their fellow citizens. The tragedy of 9 11 led to the creation of the Transportation Security Administration, tsa, within the new department of Homeland Security. Tsa is charged with protecting our nations Transportation Systems from attack and ensuring freedom of movement of people and commerce. Im pleased that acting deputy administrator Patricia Cogswell is here to update the committee on the progress toward achieving these goals. Americas Transportation Systems are designed for accessibility and efficiency. The enduring challenge remains how to respond to terrorist attacks without unduly burdening travel, the economy and civil liberties. Tsas workforce includes transportation security inspectors, federal air marshals and visible intermodal response teams. Congress has
Welcome to this hearing on the subcommittee on antitrust policy and consumer rights. Today we are pleased to have with us the chairman of the federal trade commission, joseph simons, and the assistant attorney general for the antitrust division at the department of justice, makan delrahim. Welcome to both of you. As an initial matter, as a matter of housekeeping, we have been informed we may have a block of more votes starting about an hour from now. The practical matter, we may be able to push it to an hour and a half from now, but before we hit the recess at some point we will likely have to go to recess to cast a few votes. We will have to play some of that by ear. I apologize in advance. Theres no way to predict these in advance. It does seem to be an uncanny event, with antitrust subcommittee hearings. It seems to be a good predictor, albeit an unintentional predictor of when votes are going to occur. As both of you know, ive been critical of the fact that we have two federal agen
General motors negotiations resuming next hour. The strike coming as gm faces declining sales and is closing plants with uaw leadership while facing an fbi corruption probe. Have news on vaping, opioids and chinas economy as well but im david asman in for stuart today. Good monday morning with varney co. Start right now. David lets get right to oil. Studies have shut down 5 of the production after two drone attacks. West texas crude and brent crude surging on that news over 10 . Here are dow components exxon and chevron free markets. They are unchanged but those situations could change dramatically when you have the opening bell. Stocks are a big along with the entire Energy Sector of the orbit here is President Trumps latest tweet on the subject because we have done so well with energy over the last few years, thank you mr. President , we are a Net Energy Exporter and now the Number One Energy producer in the world and we dont need middle eastern oil and gas and in fact, we have very
Much as 2. 5 after those headlines, now back down to a healthy 1. 5 of a gain. 2925 is where we are. Etail and apparel makers tens spread doing well. The peso in argentina improving just a little bit, but still weaker buy another 3 today. On when we goter those headlines, we saw massive strengthening and the offshore yuan. We are reversing that again a slight little bit, but we went right through the seven mark and 699. 08. Guy the Trump Administration delaying tariffs, as weve learned this afternoon, on some chinese goods until middecember, including iphones. Apple rallying strongly. Buyd by having it best having a pretty solid day as well. We are joined by bloombergs mike regan. The market was feeling its way on the downside. This feels a bit like a short sweep. Do you buy the move . Reporter people are obviously buying it, with the caveat that who knows what the next headline or tweet might send it in the other direction. I think the surprise here is maybeeople were worried Presiden
The hearing will come to order. Director wray, appreciate you coming over. Try to get you out of here by 1 00. You have an agency to run. Well do seven minute rounds. If theres cleanup, well try to accommodate. Briefly, the oversight hearing comes at an important time. Even though theres no evidence the russians changed the tally of the 2016 election, i think they exceeded their wildest expectations in terms of interfering with the 2016 election. I think all of us are interested in what to do to make sure it doesnt happen in 2020. I am very interested in what china is doing, section 2015 authorities are about to expire. I want to hear from the director what that means to the country. We have a fisa warrant investigation coming soon, a problem with media leaks at the fbi. Having said all that, it has been a difficult time for the fbi. Lets not let a few bad actors taint a great organization. Before we start, we appreciate what you do. Without their service, this country would be a dange