National debt. The Alexander Hamilton society and museum of finance host this. Welcome, as the commemoration of Alexander Hamilton continues. I am the president of the American Museum on american finance. Our partner today is the Alexander Hamilton awareness society, an organization that you turn to for all things hamiltonian. We welcome their leadership, rand, mariana and tom, nicole, sergio, as well as friends of the museum, doug hamilton, dan simon, susie pock in the house. Mike newton, our founder and former board chair, john herzog. And seth caller has brought some amazing original hamilton documents you should check out afterwards. And of course the cspan audience. Now some 20 years ago our board chair professor Richard Sylla wrote me a noke that started with the words a stroke of luc. He had been introduced to a sunni buffalo ph. D. Candidate who was very interested in Alexander Hamilton and early American Financial history. You have to remember, this is well before the show, al
Jonathan turley, George Washington university, who usually sits with us at the table who is a cbs news analyst but testifying in congress today. This hearing follows a Party Line Vote yesterday where the House Intelligence Committee approved its final report on impeachment, and that report is really a sweeping indictment of the president. Concluding the president s efforts to investigate ukraine for political rivals sought to undermine the integrity of the u. S. President ial election process and endangered u. S. National security. Bottom line, abuse of power is what theyre saying. Republicans on the Committee Say the president did nothing impeachable. This could be fiery because of the republicans and democrats who sit on the Judiciary Committee, so somewhat of a circus this morning and a little bit of a constitutional cram session. If you love the law, if you Love Learning about impeachment, this is the place to be because well be talking about it. We have a team of correspondents, n
Good to be back. Thanks for joining us this morning. 5 40 a live look outside caityln is here and usually i talk about the weather has been there or that and ive been gone for a week and fwrept my air conditions car to air conditioned house only to find out how god awful humid it is the last couple days. Its like a big bowl of soup for three days. Tough to be outside. I hope you were in cooler places. Oh, yeah. Because its warm to come back to. Live look outside at the National Monument. Clear skies this morning lots of sunshine and relief in hul hultty today. Finally youll notice when you step outside it doesnt feel as muggy early in the morning and double figures for you right there. The accuWeather Forecast and break in humidity all good news this morning. We should have a really sunny one on the Sportsfever Television Network tap. Great to be out at the pool. Not too oppressive to be outside. I was downtown at the monuments not museum. People are busy. People are looking for someth
Bullish themes for the year. Themes that big players are betting on, as though theyre done deals. Buy, buy, buy. This kind of thinking isnt unusual at the beginning of the year, as we see what resonates and what doesnt. So without further ado, let me tell you the ten themes im seeing already. First the eight positives and then the two negatives. 2014 is looking like another year where aerospace is ascendant. While we know from alcoa, who produces up to 3 million fasteners per plane, and General Electric, the central thesis is that the commerce are healthy. Those customers ranging from the airlines to an exceptional crop of middle east orders are forcing the bears to rethink their negativity. We know from deltas results this morning that the airlines are flush. We want to learn more when United Technologies reports tomorrow. I think well be pleasantly surprised with the aircraft number. Thats what matters to me. Second positive theme for 2014, nonresidential construction may finally be
My take is dont get too excited. Why . Because we just found out why weve been going up. Weve been going up, s p, people trying to figure out why. You have good employment. You have workforce growth and the hours not that great because of the weather, but i think you say to yourself, well, why is the s p going up every day . Oh, employment has gotten better and thats a major switch would it shock me if the market takes some profits in this . No, because its been going up on anticipation of something good and then we got the big enchilada good. I kind of like it. The s p has rallied the past ten jobs fridays in a row. Some say thats a ridiculous metric, but maybe its time for a reversion to the mean. No metrics are ridiculous if they just look, i forgot to wish the bull market happy birthday. Of course, it never happened, you know that . You know the bull market has never happened. Jim has been on a tear lately of the haters of this market, right . Yes. The haters will have to asterisk