After he criticized the move. All of this happening on day one of a brandnew congress. Republicans are pushing an aggressive agenda as vow to put up a fight. Weve got you covered on this very busy hour. David and the markets getting aggressive there at the end. The dow climbing in the final minutes of trading. Nike and verizon moving positive and oil moving in the opposite direction. The ce in chicago to tell us why and lori rothman is on the floor of the new york stock exchange. Lori, it was up more than 170 points and in the morning it lost it, and then it came back. Why . Hi, david. Happy new year. We did see some latesession buying today. Thats for sure. Quick answer to your question, the vix. Volatility index falling about 6 or 7 , give or take, today. So that means investors are feeling more calm, more confident about what lies ahead. So safe to say that post election rally rolls on here into the new year. Now, we do have a bunch of story stocks to run through for you here. Lets
[inaudible conversations] calling to order the subcommittee of vacations and technology. Good morning and welcome to first hearing of the 114 congress. I can think of no issue within our jurisdiction thats more important to consider at this time in the future of the internet and our responsibility as legislators to set internet policy for the country. Thats why we have put forward draft legislation to provide consumers the protections they deserve while not choking off investment and innovation. We have shared this draft out with both sides of allen made it available probably invited our Witnesses Today to give us their views on this draft proposal and i thank all of our witnesses for their participation. With a very important choice to make between letting three very smart and capable but on elected people at the fcc the Majority Commission uses statute written for another era to cobble together regulatory scheme and undoubtedly will end up in court for years in litigation providing n
Fiscal problem that is much more severe. So i think the discussions of the dynamic scoring cannot let it us slip into a place where we look the other way and theres a highrisk that some of the decisions we make will leave behind a big fiscal mess. Ive had the misfortune of inheriting fiscal messes and taken great pride in cleaning them up and i think we have to be careful and not create those problems. You spoke approvingly of the ryan murray spending bill that helps us avoid the shutdown but that build left in place some caps on domestic and defense appropriations in 2011. Are you comfortable with a the level of those taxes . I never thought the caps were in the right place. I think we have a tremendously important need in this country that are both on the defense and nondefense side that will lead to a stronger economy and a stronger nation if we have the room to invest sensibly. In the context of the conversation about these kinds of issues there will have to be further discussion a
Ladies and gentlemen there is one more lost child. Im sorry, shes over here to my right, your left. Shes 9 years old from north dakota. Shes looking for her parents. If you see anyone, theyre right over here by the gate. We continue to cover the u. S. Conference of mayors winter meeting underare way way in washington. President obama addresses the group this afternoon. Thats coming up 4 45 p. M. Eastern on our companion network, cspan. All this month were covering state of the state speeches and governors inaugurations, which you can see at cspan. Org. Tonight, well bring you some of the speeches beginning at 8 00 eastern on cspan2. Including republican governor nathan deal, in georgia. Larry hogan, the governor of maryland. Tom wolf of pennsylvania. And new mexico governor suzanna mar tee hes in martinez. Thats 8 00 p. M. Eastern on cspan. Org 2. Andrew keen, author of internet is not the onser eranswer on how the public is being used for profit. People went to work for factories. The
Nd so long as it is not inconsistent with the rest of it. It gives a most any authority to the fcc. This is a broad expansion. I pose the question, what happens when an fcc not to their liking grabs the regulatory throttle. That means that amazon betsy and every other m internet based company should be prepared to meet its new regulator. Look no further than your fellow witnesses, mr. Powell and miss baker, former regulators who currently represent the regulated. We who are elected to write the law and set the communications policy. My priority is to protect consumers and the internet we rely upon. My priority is to encourage its expansion and to various segments of our population that are underserved and too often ignored. We have taken on complicated medications challenges and produced good legislative solutions. We are stood up to special interests and stood with the American People. The draft legislative proposal represents our good faith effort. Our committee will not ignore our r