Thank you for the great introduction. Welcome, everyone to this great book fair now in its 30th year. [applause] doris goodwin, its so wonderful to have you here. Welcome to miami. This is our premier cultural event. Great to have you her. If books about president. It was started by Theodore Roosevelt, known as teddy. How did he start the progressive era . What propelled him to act . What were his successes that are still with us today . We did call him teddy even though he didnt like the name teddy. I think he lost that to history. [laughter] the aspects of the Industrial Age has not been dealt with since the civil war. There was no real workmen compensation. Huge monopolies eating up small businesses. The gap between the rich and the poor had grown wider. Sounds familiar to the situation today. Even though he was a conservative when he started in a certain sense and a republican when he started, he realized the Publican Party would not be able to continue as a major force and majorit
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
Oil giants appear to be weathering the slump. Exxon mobil had a nearly 5 billion dollar profit, their biggest earnings surprise in over a decade. Conoco phillips posted a profit as its strategy to focus more on shale production paid off. Hillary clinton has a challenger in the race for the democratic president ial nomination. Forvermont senator Bernie Sanders has announced his candidacy. Senator sanders i believe president ial elections are about serious debates over serious issues. This is not the red sox versus the yankees. This is about debating real issues that face the american people. Emily sanders considers himself a socialist and caucuses with the democrats. Viacom is dealing with a persistent slump in u. S. Ad sales, but the ceo sees improvement ahead. The market looks to be strong. We are very confident going into the upfront season with the strength of the marketplace. With some of the shows we have rolling out, we are quite hopeful that we will see improvement as the year p
Years but having been here for 19 years going on 20, having such distinguished service. Having touched the department in so many ways, theres no one better suited for this challenging time. Would you please welcome him with your applause . [applause] thank you, john. I have much appreciate the chance to be back at csis as well as all of the serious important work that goes on here. I have to say i have benefited tremendously from their guidance and ideas. I have no doubt that the work that goes on here makes an important difference. And you are nice to come and listen to me. But the truth is, we could all sit here and take notes from dr. Hamery or david or some of the other experts here on this topic. I do have to note; however, that the last time i was at csis, it was for a cyber exercise. I was asked to play the president. And dr. Hamery has not invited me back since. I think it was deeply disturbing for him as is understandable. Chairman and i have been talking about a focus defense
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] coming up on cspan2, the Homeland Security Committee Examines the use of Virtual Currencies. Then, a look at the process that granting security clearances for federal workers and contractors. And live at noon eastern, a Heritage Foundation panel on the deal struck in geneva, switzerland, on Irans Nuclear program. Today the Heritage Foundation examines the deal reached this its weekend in geneva, switzerland, on Irans Nuclear weapons program. Watch the event live starting at noon eastern here on cspan2. Also here on cspan2, a look at u. S. Canada Military relations. Well be live at 1 30u p. M. Eastern. The senate Homeland Security Committee Last week examined the governments ability to regulate Digital Currencies like bitcoin. This hearing is two and a half hours. [inaudible conversations] well, good afternoon, everyone. Thank you for joining us. We especially want to thank our witnes