I am not saying capacity is the last word in competition but its an important one. This is a question i want to address to both gentlemen. Whats happening . Where are we going . What will you do . How concerned should we be . First of all, thank you for hosting us here today. We have been frequent flyers the two of us in the past, and i appreciate the very sort of serious thoughtful approach that the institute takes to ssues like this. Which maybe arent on the forefront which are important for our country. Mr. Courtney we served together on the committee during our entire time in congress over the last 14 years and again its not sort of bipartisanship thats sort of papering over some disagreements underneath. Really have worked together in just so many ways. Thank you for the invitation to be here today. He comments i think actually snapshot in the immediate present, the fact of the matter is to answer your question should we be concerned, the fleet ing behind the size and whats happen
This series brings together discuss experts to American Naval power and its role in our national security. He was first elected in 2006 2 serve connecticut. He currently serves as the Ranking Member of the seapower subcommittee. Since 2000 seven, he has represented virginias first congressional district, which includes quantico. They also cochaired the shipbuilding caucus. They are both longtime friends of hudson. We are delighted to have them back. They will be speaking with my colleague. Pleasure to have you here again. I am looking forward to this. If there are questions from the audience that is watching online , please send your questions. We will ask the members of congress for their responses. Start with the obvious. A retired naval officer who is an analyst of the chinese navy wrote an article last month that the chinese navy will be larger than ours by 2035. The budget that the administration has proposed is going south. Not north. I am not saying capacity is the last word in
And im not as crazy about it as id like to be. Its a major reason why the dow still continues to elude 20,000 again. The average ended up dipping 76 points. S p declined 0. 35 even as the nasdaq advanced to a new alltime high, up 0. 19 . Exhibit a in the Great Expectations game, the banks. The bank stocks have been the leader of this rally. The banks are practically the be all and end all of this rally, led by Goldman Sachs and jpmorgan. Theyve got a phrase on aircraft carriers when navy pie lots are about to land. They say coming in hot. These two are the essence of coming in hot, maybe too hot. Bank of america is in the same boat. Its fallen from 17 to 22 since the election. Only wells fargo has lagged. Surely its jumped nearly ten bucks when trump scored his upset victory. The issue with these stocks, so violate of the next leg of the rally is they need interests rates to go higher if theyre going to keep rising, and Interest Rates seem do have peaked for the moment. Sure, many gove
Joining us is our european editor, andrew, who met oneonone with Prime Minister cameron. A big question was whether the rereview would address the capability concerns. What did the Prime Minister tell you . Andrew i got the chance to sit down Prime Minister cameron for a few minutes just before the defense review and he was quite clear that the message from the review was that it was not shrinking from the world stage but remains engaged with global reach. You also asked him how the u. S. Would respond to this. What did he tell you . Andrew he said he spoke to Preston Obama in turkey recently president obama in turkey the word was that obama was clearly delighted by the british choices. Those who have e worried about his military uld abilities particularly in the wake of the 2010 review that struck the aircraft carriers and other capabilities how does this review stand in contrast to what we saw five years ago . Andrew a sharp contrast to the review five years ago. This time, the repor
I think he now he is the president of iowa, isnt that how it works . Hillary won by 0. 03 of 1 or as its known in iowa, karl. Who do you look up to in the worl of world of music . Bruce springsteen. Bruno, mars. Nobody will come close to what he did in that super bowl halftime show. Announcer this portion of cbs this morning sponsore by toyota. Lets go places. Welcome to cbs this morning. Severe weather threatens millions today across a huge part of the country. A day after destructive tornadoes swept through the south. The outbreak flattened homes and knocked out power in mississippi and alabama. More than 27 million americans today face more dangerous weather. This massive storm stretches from the south to the mid atlantic, carry thunderstorms and snow. David begnaud is in collinsville, mississippi, with the storms wide reach. David, good morning. Reporter norah, good morning. This is the First Baptist church of collinsville and the damage is damage. On any given weekend kids would b