Happy friday, welcome to power lunch. Im melissa lee. A look at the markets this hour. Its fairly quiet ahead the threeday weekend. Marginal gains for the dow which is up by three hequarters of a point. S p level. Nasdaq is up by two. All three indices up more than 1 for the week with the nasdaq leading gains. The defense stocks keep on rolling. Boeing, general dynamics, lockheed and northrop all at lifetime highs. Im courtney reagan. Here is what else is happening. The second reading of First Quarter gdp at 1. 2 despite beating estimates its the weakest reading since the First Quarter of 2016. On the economic front durable goods falling for the first time in five months dragged down by orders for transportation equipment. A new forecast from t11 to 17 named storms during this Hurricane Season that would be above normal. Courtney, welcome. Lets hope they are wrong. It is championship time. The Pittsburgh Penguins are heading to the stanley cup finals after an unbelievably dramatic game
Preparing capabilities for terrorism, operational coordination, Situational Awareness we would consider that an allowable expense. Are you aware of local Police Department that is purchasing an mrap with their own funds . Im not and nt i couldnt answer that question. The local Police Department buys it. I was around here but according to my briefing here, the First Program was authorized in the Defense Authorization bill. Primarily about the drug wars. Is that correct . Thats correct. What were local Police Departments missing that they needed to be funded or given from the Defense Department to combat the war on drugs. Let me be clear. We do this because were asked to do this. I understand. What what equipment were Police Departments were outgunned by drug gangs so they were looking for protection and fire power. This was expanded in 1997. My note says based on lobbying from Police Organizations. I cant answer why the authorization was expanded. At the time it was for counterterrorism
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