Good tuesday morning, welcome to squawk alley. Im Carl Quintanilla with jon fortt and Julia Boorstin with us dow because up 275 this morning. We lost some of that the covid19 vaccine rotation is continuing with tech down another 2 today and the s p 500 down 26 points thats where well begin this morning. The nasdaq falls investors rotating out of tech to some degree the managing director is going to help us start off the hour. Good morning, mark good to see you. The. Hey, carl, good to see you. We know i mean, the argument has been made that world changed a little bit yesterday for the better but is the tech reaction is there bath water being thrown out too . Well, yeah. The world did change id argue a lot yesterday. And not surprising that were seeing a rotation in some of the tech names i think for the next little while here, you know, expect the expected were going to think continue to see some rotation away from the work from home names probably bate probably a bit of a short term r
Thank you for coming out, everybody. Nice to see you. Thank you. Have a seat. Aloha. It is great to be back in detroit. You got it going on. I actually have roots in michigan. Pretty deep roots. I want to introduce you to my mother, there in the back. She grew up here in michigan, grand rapids. Went to university of michigan. Before my dad came, swept her off her feet, took her far into the pacific ocean, to a little island. She is having a blast coming back here. Thank you so much. You know what is so incredible to me, that im grateful for every day, we have been campaigning for a year a liver the country. It is the privilege and honor of being able to spend time with people like you everywhere. People who are coming from all different backgrounds, across party lines, racial lines, across all walks of life, coming together, being bound together, by a singular motivation. Thank you, sir. It is a motivation based in love. Love of country. Love and care for each other. A deep concern for
Democratic and republican members of the House Armed Services committee over the pentagon plan to devote 3. 8 billion to construct more border wall. The pentagon is asking congress to approve a 705 billiondollar budget for fiscal year 2021. This hearing is three hours 35 minutes. We will go ahead and call the committee to order. Good morning, everyone. We are gathered here this morning from secretary of defense doctor mark esper and chairman joint chiefs of staff general to hear about the proposal for the department of defense. I will start with some good news or start by thanking the witnesses for being here and further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of d
I would like to introduce you gabbardgabbard tulsa tulsi gabbard. Aloha. Good to see you. Thank you for coming out, everybody. Nice to see you. Thank you. Have a seat. Aloha. It is great to be back here in detroit. You got it going on. I actually have roots in michigan. Pretty deep roots. I want to introduce you to my mother, there in the back. She grew up here in michigan, grand rapids. Went to university of michigan. Before my dad came, swept her off her feet, took her far into the pacific ocean, to a Little Island called american samoa. She is having a blast being back here. Thank you so much. You know what is so incredible to me, that im grateful for every day, throughout this we have beengn, campaigning for a year all over the country. It is the privilege and honor of being able to spend time with people like you everywhere. People who are coming from all n different backgrounds, across party lines, racial lines, across all walks of life, coming together, being bound together, by
General to hear about the proposal for the department of defense. I will start with some good news or start by thanking the witnesses for being here and further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Last year we were off by 3. 5 months, Something Like that thats better than drifting into the next year. We did get appropriation bills done by december of last year which gives some predictability to the department i think that is enormously important. This year we hope to come a little closer to october 1 certainly on the authorizing bill that also the appropriation bill but most importantly, we have a budg