Bennet. Lord, we praise you for his diligence, integrity, intellect, and courage for he has left exemplary footprints for us to follow. Be with his beloved widow, joyce, comforting her and his loved ones and friends in their grief. Lord, we also remember Sergeant Christopher eni, officer jacob chestnut, detective john gibson, and Sergeant Clinton holtz, u. S. Capitol police who gave the last full measure of devotion. Remind us that earth has no sorrow that heaven cannot heal. Today give our lawmakers the singularity of heart to seek, find, and follow your will so that their legacy will also be exemplary. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnel
If you are in favor, let us know who you would like to see lead that effort. You can give us a call. If you dont think its time for an independent candidate, there is a phone number for you. You can also catch up with us on social media. Very good monday morning too. Much of the spark for this conversation about thirdparty candidates came last week from a Facebook Post by a senator from nebraska. Majority. Ed the theaid if you think president ial front runners are he is convinced many voters would be open to an additional option besides Hillary Clinton and donald trump. Why shouldnt we draft and honest leader who would focus on 70 solutions. Most americans can be for limited government again. If you want to check out more from that Facebook Post. We are talking about that conversation. Is it time for a thirdparty candidate . There is one already in the race. One of those candidates is the libertarian gary johnson. He was on this week yesterday. I think it is a real opportunity. I think
Our road map begins with a trio of deals in biotech, personal care and food. Hp ink and hewlettpackard enterprise began trading as separate companies today. We will speak with meg whitman a bit later on in the show. And visa shares lower after reporting a mixed quarter, a buy back and a purchase of visa europe. A lot for investors to digest. A lot of deals in the spotlight, including Treehouse Foods agreeing to buy conagras private brands business. Results from likes of a facebook, tesla, Media Players like disney, cvs, fox. The nasdaq the biggest gainer. The question now, jim, whether october has had not good but great gains, almost every year this decade. Is it going to rob some of novembers seasonal strength . I dont know. I think earnings season is still on. I listen to what youre saying. Lets mention treehouse. Treehouse is a very good company. Theyre going to be able to take that private label nonsense from conagra and turn it into lemonade. Treehouse is the best at this private
Well as the isn services index. Market desk where julie hyman has all these. Julie we recently got disappointing news on the manufacturing, but disappointing on the nonmanufacturing front as well. Service industries expanding at the slowest pace in six months. We saw the biggest month over reading ofase, a 55. 9 for the month, that is worse than estimated in october. Again, thats isn noninfection composite, 55 point point 50 59, 58 is what economists had estimated. Factory orders, excluding transportation in line with estimates, a gain of 2 10 of 1 , then good orders, this is the final reading. We have to limit our numbers and it looks like a reading of 2. 9 , an increase of 29 next there, up half of 1 and we have a capital goods orders numbers as well if you exclude aircraft, you get a decline of nondefense if you exclude nondefense as well, you get a decline of a half of 1 . The number that stands out is that Services Number coming in worse than estimated. Below0 making expectation.
We are very, very happy to have congressman teeberry take over as vice chair. Welcome. I also want to welcome our distinguished chair of the Federal Reserve janet yellen and thank her for appearing before us this morning. This committee has a long tradition of receiving regular updates from the chair of the Federal Reserve and were pleased to be continuing that tradition today. U. S. Economy has struggled through a long season of at tted growth. Over that time, our economy has grown at a historically slow pace averaging 2. 2 per year. Some had suggested that a 2 growth rate is and will be the new normal for the economy. All of us should view these low Economic Expectations as unacceptable. The fed certainly has an Important Role to play in setting Monetary Policy. And that is where its focus should be. There will no doubt be discussion of fed policy and Interest Rates during todays hearing as Monetary Policy by the fed has been the norm for some time now. We should also be mindful that