More bullish than anyone else on the street. To the markets desk right now, where julie hyman has the latest. Jules . Earlier we were sort of drifting, unchanged, but now things have turned higher across the board. Reclaim theo records that we saw back on wednesday, but nonetheless still the s p is up one third of 1 . Lets take a look at the week as well to get some perspective on the record that we saw on wednesday. You can see it pretty clearly here, the record levels where we were on the intraday closing basis. Even those climbing back, still not at those levels. Back to todays session, a lot of push and pull going on. Companies like general electric, falling even after earnings Beat Estimates because orders fell in the second quarter. Apple under pressure has one of its egg suppliers, skyward issuing a warning related to its biggest customer. Paypal, holdings falling even earningstes beat Beat Estimates as well. Back to you guys, i believe we are going to hear from the president. W
Of building the russians into this 10foot tall man that they are not today. The russians have also admitted they are increasing their operational tempo. Of the previous head of the russian navy stated in 2015, their submarine activities had increased 50 in 2015 compared to 2014. As part of the study the Team Productivity to travel throughout the region, stopping in uk, sweden, finland and warsaw. We conducted another workshop here in dc. These were ultimately helpful in building out our findings and making sure we were tempering the report conclusion correctly. This is a useful image, actually taken from a study that looked at nato, any submarine more pair, science and Technology Cooperation during the cold war, so there are some things about it that are a bit off, notably the Breakout Group of russian subs from the baltic sea into the north sea. Might not be the operational construct of the day, but this really captures sort of the scope of the problem. For us looking to the north, yo
I want to tell you, that was unity. I saw you last night. [cheers and applause] that was unity. Charles in the middle of his victory speech in talking about unity donald trump took some time to finally address senator ted cruz in his nonendorsement. I dont want his endorsement. If he gives it i will not accept, just so you understand. I will not accept it. It wont matter. Honestly, he should have done it because nobody cares and he would have been in better shape in four years from now. I dont see him winning anyway. Charles a very busy two hours coming for you. The Bush Campaign mark serrano. Mark, a lot of excitement and enthusiasm from the convention, you know, im not 100 sure i agree that it was completely unified. Donald trump himself bringing up ted cruz today. Yeah, charles, i literally just got back in from cleveland and it was really a remarkable atmosphere specially last night. Hes right about that in many ways. And, you know, ironically ted cruz did more to unit the Republic
Gop, the more or less dominance is of the gubernatorial slot. What happens with the redistricting and can the democrats make it, or is that lockin for 20 or 30 more years . Please let me give an impressionistic answer and then let david give what will be a more thorough answer. When you have the first election after the districting, that is the baseline. Over the course of the decade there are Population Trends and some get more democratic and others get more republican. So the precision of redistricted can come undone gradually over a decade. You can argue about how much that happens where a district can be are off. Probably not that much, but some why. And this includes two dozen 18, two dozen 20, it could be somewhat different than the partisan orientation. But that is just my impression over the years. The democrats cannot could not pick a worse year than 2010. Because it really is a vicious cycle. If republicans when and we draw the line, then they are in great shape for 2021. Per
Rebound, more of the spending needs to go to investment. That mean that there needs to be the extent question find a way to more increases deference cooperation. Let me wednesday perhaps anybody that knows me know that believed are spending on Nuclear Weapons. Probably isnt the smartest spending we can think about when it comes to the future of this alliance. These are weapons that are not likely to have any role in anything we do in 99. 999 of the time or perhaps even 100 of the time. Im happy to take your questions. [applause] thank you very much. That was just fantastic. If it remains focus on collective dissent for irrelevant for the future. You laid out the stark numbers about defense capabilities on defense and laid out the importance theres a lot to get in to here. I want to pick up a couple. I know, theres a lot of interested in the audience. Let me start where you ended on the nuclear point. Our next conversation on cartwright and others, former undersecretary, will in to Nucl