Good morning. And i want to thank the witnesses for joining todays hearing on the implementation of the faa reauthorization act of 2018. One year ago, this committee wrote comprehensive Bipartisan Legislation to raise the bar on aviation safety, improve the flying experience for the traveling public, better prepare and diversify the aviation workforce and foster innovation in the u. S. Airspace. Todays hearing is a critical milestone in the subcommittees oversight work to ensure the timely implementation of the law in accordance with our intent and to address new challenges. Although the faa has made some progress on fulfilling the laws directives, ongoing implementation delays threaten the important work needed to advance u. S. Aviation and aerospace and maintain our global leadership. Our first panel of witnesses are dan ellwell, faas deputy administrator and joel savat. Mr. Elwell and zavt, i expect your testimony administrations efforts to swiftly implement last years law. I would
Morgan has the morning off interesting market day setting up despite all the volatility. Tech remains the Market Leader this year. The xlk handily outpacing the s p. Semis up more than 40 for the year, almost doubling the gains of the nasdaq. Then youve got the earnings spotlight tonight. Netflix after the bell joining us this morning, joel killeen and kenny picari good morning, guys, good to see you. Good morning. Semis, banks with a second good day vix below 14 is a rotation happening . I think the earnings season is not going to be as disastrous as the street and some analysts have made a lot of people expect its already started the bank numbers yesterday and today performed much better than expected nobody is talking about it i actually feel good about it but i think there is a rotation, depending on whats going on so there will be rotation but its all part of the process. You still think were range bound here i think were range bound on the lower ending well test the lows, 2758 ea
Here. Good to see you. Payne Capital Management president , ryan payne and fox business deirdre bolton. Good morning. Happy monday. Here we are ready to go. Dagen ive got cooler head, what i wrote down on my folder as i watched comments about a Angela Merkel and President Trump about the trade situation. Last week we saw the dow sell off, more than 600 points as more and more investor were worried about the u. S. And china not to be able to be on the same page in some sort of way, create a framework. Now with these comments, seems like indicating a higher open, thats all that investors care about. Business owners are thinking how will i adjust to this, whats coming. Any bright spot, green on the screens, there we go. Dagen exactly. Also this morning, American Enterprise institute u. S. Research strategy in asia, he heads it, zach cooper on china trade. Roger williams is here to talk tariffs and trade. Former u. S. Secretary of commerce, former kellogg ceo, Carlos Gutierrez on the g7 su
Tariff will go ahead as planned for many other items on september 1st. And lets check in with our financial correspondent in new york jose luis de haro jose nice to see you markets really jumped on this news today does that mean investors really believe that this could lead to something lasting a long term agreements. Sadly not stephen but at this point any move that does not imply increasing tensions between the u. S. And china is enough to cure investors markets delay as a blink from bad to trumpet ministration trying to deescalate somehow the Current Situation which has a spill into all the way we have such as currencies than and the nation by the us treasury of china as a currency manipulator for example said the conversations between both countries are still conducted over defoe no need to steal not period negotiations will finally negotiators actually will finally meet face to face in washington next september and for now the recent compromise and for another phone conversation i
After trade representatives representatives from the 2 countries spoke on the phone shares of Tech Companies and retailers jumped on news however the 10 percent tariff will go ahead as planned for many other items on september 1st. And lets check in with our financial correspondent in new york Jose Luis A Haro jose nice to see you markets really jumped on this news today does that mean investors really believe that this could lead to something lasting a long term agreements. Sadly nod stephen but im disappointed any move that does not imply increasing tensions between the u. S. And china is enough to cheer investors markets. As a blink from bad to Trump Administration trying to deescalate somehow the Current Situation which has a spill into all the way we have such as currencies than and the nation by the us treasury of china as a currency manipulator for example while the conversations between both countries are still conducted over defoe no need to steal not period negotiations will