Hearings. Catch washington today. Listen to cspan anytime. Tell your smart speaker, play cspan radio. Cspan, powered by cable. Pharmaceutical majors for being here. Onto think eli lilly i want to thank eli lilly announcing ac stencil reduction in list prices for some of their prices. Announcing a substantial reduction in list prices for some of their products. All over this country, people are saying enough is enough. They are sick and tired of paying outrageously high prices not only for insulin before other products as well. They want action and this committee will do what it can to respond to their needs. We need the help of the people on the panel to do that. As we gather today, i know we have some advocates fighting, we thank them for what they do. It is important to acknowledge the too Many Americans who died because they rationed their insulin. Alex smith was 24 years old and he dreamed of opening a sports bar. He is dead because he could not afford insulin. A 22yearold worked t
Working on this war without trying to negotiate an end. I had come back from paris, we were trying to do the exact thing. But you couldnt mention it. Couldnt mention it. Whose decision was it to make these talks secret . So was it so you could advance more who had the courage to do it. We felt you cannot make progress, propaganda, with the whole world watching. Youve got to do it secretly. I think the North Vietnamese werent that interested in negotiations, except as a tactic to wear us out or to see whether we could make the kind of deal they could live with. They didnt want to accused by the vietcong and others of being overly soft. What do you think, joe . I think here winston and i may differ slightly. I think its important to have secret negotiations. They accompany almost any negotiation about a serious issue. But i think henry had a somewhat expansive view of that, which is keeping it secret. Thats a different issue. I meant the public. I understand. My point is, for him secret
At can also send us a tweet cspan wj or join the conversation at facebook. Com cspan. Good morning. We will get to your thoughts are just a minute. First, let me show you the National Journal headlines. House republicans really think that they can amend obamacare this fall. The health care legislative package is tentatively expected to move in the coming months. The inside of the story dylan scott reports that while congressional leaders continue to debate whether to pursue near full repeal of the act and gop president ial candidates layout replacement proposals, republicans are looking at smaller changes. It to theey can make president s desk. The ways and means subcommittee chairman said that his panel could mark up Health Care Tax legislation later this year. The bills related to overthecounter drugs, Health Savings accounts, and perhaps most ambitiously, a repeal of cadillac taxopular on highend insurance plans. It goes on to say the Health Care Agenda will be determined in part by
Spare cash . Whats the consumer buying . These are the questions that plague all Portfolio Managers as they try to follow the money. Right now theyre leaving you in some shocking directions including today where the dow declined. Nasdaq also dipped 3. 2 . First let me just say the single biggest buzz on wall street today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macys. While few people actually expected macys to do well in an environment where the globe seems to be warming right in front of our very eyes, todays sharp selloff on some really bad earnings kind of took our breaths collectively away. As the chairman and ceo said at the very beginning of his really i think very disconcerting Conference Call, we had a very tough quarter. We are clearly disappointed with the 3. 6 decline in Comp Store Sales of owned and licensed businesses. And the 8 drop in earnings per share. We believe that the retail industry
Heres the rub. It may feel familiar in terms of the magnitude of the decline to mr. Lundgren, but it isnt familiar when it comes to the reasons for the dropoff. The last time we had such a sharp decline in sales as lundgren talks about later in his Conference Call was after the fall of lehman brothers. Sales just stopped back then. That was the recessisi and then morphed inin the greatest recession. Were not experiencing anything like that cataclysmic systemic event right now. In fact, this is whats so hard to understand. Its just the opposite. Last friday we had the best employment report in ages. Less than a week ago. Were seeing meaningful wage growth, again a first. Unemployment belowow . If you didnt know a a better youd think its time for the band to strike up happy days are here again. Things abe so strong on the job front we can fully expect Federal Reserve to raise rates when they meet in december. How can they not . A victory lap can be justified, even if i think its unnecess