We, of course, welcome those who will join us on cspan booktv in the future. For those watching online, youre welcome to send questions or comments simply emailing us at speaker heritage. Org and, of course, we will post the program on our heritage home page for your future reference as well. Welcoming our guest today and leading our program is dakota woods, Senior Research fellow in our center for national defense. Mr. Woods served in the u. S. Marine corps as well as in an assignment in the office of net assessment. Upon retirement, he helped organize the national bio surveillance integration system. For five years he served as senior fellow at the center for strategic and budget tear assessments budgetary assessments. Please join me in welcoming dakota wood. Dakota . [applause] thank you, jon. Its a real pleasure to have you all here, but to have dr. Crane all the way down from carlisle where he took the hyperloop, was that it . The fastest run hes ever made to d. C. , so were glad
Now treasury sect nominee Steven Mnuchin testifies before the Senate Finance Committee Help faced questions on hi as ceo of one west, bank that foreclosed on thousands of home owners after the 2008 downturn. This portion of the hearing is three and a half hours. Committee will come to order. Welcome to this more mornings hearing. Well discuss the nomination of mr. Steven mnuchin to serve as secretary of treasury for the Incoming Trump administration. I want to officially welcome mr. Mnuchin for to the finance committee. I certainly appreciate your willingness to appear before us here today and to serve in this important position. The position of treasury secretary is among the most important in the executive branch. The next treasury secretary will be asked a lot of questions that are going to very, very important here today. Well be talking about advancing policies that will improve our inagurations economic and fiscal outlook. This position oversees the collection of taxes and the ma
Second best month of the year. Europe with some mild gains. Oils almost back to 47 on renewed optimism that the opec Production Cut will survive. Our road map begins with the next treasury secretary and Donald Trumps busy weekend, what the picks will mean for the markets. Plus, a mu bearish note on apple predicting a decades long malaise, quote, the risks to the company have never been greater. And facebook announcing a buyback, zuckerberg promising changes to combat that fake news problem. But first up, stocks looking to make more history after a week which saw the dow and nasdaq hit record highs. The s ps within 0. 6 of its own high. Jim, that russell, that small cap story continues to be intact. People just say where would deregulation really impact . It would be the smaller guys. Its so interesting that the analysts take their turn at downgrading and not believing. Last week we had multiple downgrades in the banks. Those stocks held up better than anyone thought. They continue to b
As were learning more about some of her, where some of her phones came from and how they were destroyed. David with a hammer . Whats up with that . Back to the markets. The dow sliding today. Walmart, home depot, merck and Proctor Gamble among the biggest drags on the market but a very different story for oil today. Phil flynn of price futures, fox business contributor watching the action from the cme. And lori rothman on the floor of the new york stock exchange. Lori, first to you. Forget the dow and the s p. Lets focus on the positive, nasdaq. Reporter the s p for its part, david is great story. Youre right, nasdaq a seventh record close this year. Nasdaq composite index with a gain of 8 points. That was enough to put it at a new lifetime high. I was watching s p down. 3 of one point today, at 2186, puts it less than five point away from a lifetime high on the s p today. Trader pointed out to me very importantly over the last 60 trading days stocks have moved in 1 1 2 range overall a
The thinking of welfare as something that is something that is unacceptable. Almost something that violates their sense of who they are. But yet the bottom of the labor market has become so degraded. After words airs on book tv every weekend. You can watch all previous after Words Program on our website. Hugh hewitt good evening, im the director of the redwood library. Please excuse my voice. Ec my little twins came home with a gift for daddy and that was a scratchy throat. First of all, a bit of of housekeeping duties, if there io a fire you go out the front door. Just push me aside and all go down with the ship. [laughter] please turn off your cell phones. It gives me great pleasure to introduce our speaker, especially when i think about the historical parallels that i mentioned to mr. Kiernan earlier. The original meaning of up public place where or raidersm made triumphant. The redwood should be what it was conceived to be which is a forum where we might discuss really important so