[ inaudible conversations ] Armed Services Committee Meets today to receive testimony on the Department Reform effort. We welcome our witnesses ellen lord under secretary of defense for technology. Mark es per. Secretary of the army. Heather wilson secretary of the air force. And james gerts assistant secretary of the navy for research and development. Acquisition reform is wup of the most important frustrating topics we address. For years, we have been warned that america is losing its technology advantage. I hope you have seen the work on this topic. That is why the department of defense needs acquisition reform. Not just for efficiency or save money. Simply put, we will not be able to address threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. I want the witnesses to Pay Attention here. Okay . Were still dealing with a trillion dollar f 35 program that continues to operate in dysfunction. The air force still su
Mark esper, secretary of the army. Heather wilson, secretary of the air force, and james gurts, assistant secretary of the navy for Research Development and acquisition. Acquisition reform is one of the most important and frustrating topics this committee addresses. For years, we have been warned that america is losing its technological advantage. I hope you all have seen the work by rand on this topic. That is why the department of defense needs acquisition reform. Not just for efficiency or to save money. Simply put, we will not be able to address the threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. I want the witnesses to Pay Attention here, okay . Were still dealing with a trilliondollar f35 program that continues to operate in dysfunction. The air force still subsidizes ula for space launch with costplus fixed fee contracts. The army has sunk nearly 6. 5 billion into wint. And that work that doesnt work. A
The Senate Arms Services Committee Meets today to receive testimony on the acquisition reform efforts. We welcome our witnesses, ellen lord, mark esper, secretary of the army, heather wilson, secretary of the air force, and james gerts, assistant secretary of the navy for ak we ziglaskk acquisition. I hope you all have seen the work by rand on this topic. That is why the department of defense needs acquisition reform, not just for efficiency or to save money. Simply put, we will not be able to address the threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. We will be watching closely to make sure you do business differently and use that authority wisely. Second, while we have empowered the services, that doesnt mean you can go and do whatever you like. The Services Must let osd set strategy and policy and do real oversight. That means being transparent, providing data to and following the guidance set by osd. Agai
Sixty minutes u. S. President donald trump threatens to withdraw aid money to palestinians if they dont resume peace talks with israel. Duckies president vows to continue military operations against a Kurdish Group in Northern Syria but the pentagon warns that could hurt the fight against eisold plus the new talks about light in paris where the city is on flood alerts as the riverside continues to rise and a scientific breakthrough meet the songs on ha ha the worlds first clothed monkeys. The u. S. President is insisting millions of dollars in american aid is going to be withheld from palestinians unless they pursue peace with israel and the World Economic forum in davos donald trump has said the controversial decision to recognize to roussillon as the capital of israel would not be changed Palestinian Leaders say a two state solution can only be achieved with East Jerusalem as their future capital on the diplomatic editor james pays reports. To the u. S. President seemed an upbeat moo
Is not often the way we end. On thursday and friday you werent here thursday and friday no. It continued. The bill murray bottom, which we were up 300 points on that friday, suddenly up 1200 points. We made back about twothirds of the losses. If we were to close down over 200 today, the dow would fall under 25,000 so were back to 25,200 again. The art cashin has the from a month ago where people were like, oh, my god it needs to be kept in perspective. 291 on the tenyear. Youll look at that later. That 2. 6 or 3. 0. What did he say he said thats the question 3. 0 is more likely. In asia, some markets are still out now. They have been closed because of the Lunar New Year the nikkei down by 1 . The hang seng down by 0. 78 . In europe, many of the markets are mixed. The dax is flat. Cac is up 0. 2 the ftse down by a quarter percentage point if you get to treasury yields, the tenyear is what weve been watching just below 2. 91. Home depot just out with quarterly numbers. Retailer reporting