John the program is entitled the origins of the militaryindustrial complex and features dr. Daniel ellis, who is this years staff fellow, a prestigious position. He has been using items to investigate the origins of the militaryindustrial complex through wartime and immediate postwar, meaning postworld war ii, evolution between Scientific Research, industry and National Defense. Dan has advised congress on defense issues. I was a colleague of his at crs for several years. Dan did things in connection with things i knew, a whole range of things, defense production act, appropriations, military construction, and he does many more things at crs. He holds a phd in Political Science from George Washington university. And at crs, as many of you know, he is the author of many reports on defense, trade and security. , this project is the latest example of the work undertaken by staff fellows showcasing their knowledge and passion of their areas of expertise. This is funded by a gift left by th
Fellow, a prestigious position. He has been using items to investigate the origins of the militaryindustrial complex through wartime and immediate postwar, meaning postworld war ii, evolution between Scientific Research, industry and National Defense. Advised congress on defense issues. I was a colleague of his at crs for several years, he did things in connection with things i knew, a whole range of things, defense production act, appropriations, and he does many more things at crs. Degree in Political Science from George Washington university, and as many of you know, he is the author of numerous reports on defense, trade and security. This project is the latest example of the work undertaken by staff fellows showcasing their knowledge and passion of their areas of expertise. Gift left byd by a the late john w kluge. Nearly 100 scholars passed through the center each year. It is our honor to have dan with us the bulk of the last year. Please join me in welcoming dan. [applause] danie
Singapore also in the red. Currency markets certainly, we have the sea and why in the frame at the moment. This is as we got the story today about beijing crossing gains in the yuan as it seeks to cheapen exports and bolster weak spending. That is a theory being compounded, saying a stronger yuan is ideal for beijing at a time when president xi is pushing for a more selfreliant economy. That is where we are with the currency markets. Yvonne yeah. Interesting call there. Thats more analysis with eddie cheung, e. M. Strategist. This all about shifting to more selfreliant economy in china. Given the gains we have seen in the renminbi, is it sustainable and how much tolerance is there for further yen strength . Eddie well, i think we certainly do believe there is more room for the cn wide to gain. First in terms of the dollar view, we think the dollar still has more room to go lower. We look at the indices, we are only at about three month highs. We are still below where we are in terms of
Is its been a broadening out. Now, the question is is there enough money to go around to buy 3m today and also buy lets just use lets just pick nvidia, okay and the answer is thats to be determined there is a lot of newer money coming into the market, we will be talking about splits later today and the nature of the alchemy of it all but the thing that im most excited about, david, is there are industrials doing better than expected we have to stay focused on that because when we think about 3m making a come back, think about where they were and that is the you know, that is the and theyre having some good numbers this morning, thats what stood out to me and it makes me think nat industrial leg must be included in any portfolio. Its only up 2 are you kidding me youre referencing yeah, thats the stock youre referencing 3m. We should just tell people theyre giving us Monthly Sales numbers, july was up i think 6 year over year, 2. 8 billion, organic local currency sales up 3 because dont
Have come on the show saying this was started by the you Recovery Fund, but also inflation is better than expected in europe today, and that growth figure not as bad as it could have been. It is clear that the markets are moving, but i think in general they are buoyed by the Massive Technology earnings that are seeng a lift overall, as we parts of the economy in terms of technology, deliveries, things like that, that are outstanding at the moment. Tom Stephen Engle with us moments ago, and he will join us in the hour, our lead hong kong reporter. This is carrie lam in hong kong, at a not unusual press conference. Stephen engle reports that we could get some announcements out of this rather extraordinary, particularly on the election as well. Are ratherhis that extraordinary, particularly on the election as well. We will get to the data check in a moment with bonds and Foreign Exchange on the move. With first word news, here is ritika gupta. Senate republicans want to go on record sayin