The executive director. She wanted to say a word about the partnership on this. And well get into the statements. Thank you. Can you hear me . I will only take a minute of your time. We are delighted to be able to work with the cia to bring you this we think exciting briefing this morning. Also want to thank kevin and the National Press club for hosting us this morning. For those of you who dont know the Naval Historical Foundation were a nonprofit membership organization. We focus on preserving and commemorating naval heritage. And we use naval history to help educate the American People on the importance of our navy. And the mer time domain. Were located the Washington Navy yard. And we work closely with the naval history and heritage command. Our board and members throe of whom are four of whom are sitting who are today. David admiral kevin and norman polmar. A wealth of knowledge on naval history. And providing mistor kal context into activities that are happening today. We hope yo
Thank you very much. We have a special program for you today. And first i want to introduce claire sassen. The executive director. She wanted to say a word about the partnership on this. And well get into the statements. Thank you. Can you hear me . I will only take a minute of your time. We are delighted to be able to work with the cia to bring you this we think exciting briefing this morning. Also want to thank kevin and the National Press club for hosting us this morning. For those of you who dont know the Naval Historical Foundation were a nonprofit membership organization. We focus on preserving and commemorating naval heritage. And we use naval history to help educate the American People on the importance of our navy. And the mer time domain. Were located the Washington Navy yard. And we work closely with the naval history and heritage command. Our board and members throe of whom are four of whom are sitting who are today. David admiral kevin and norman polmar. A wealth of knowle
Now in bear market territory. Those stocks are down at least 20 in some cases, more than that. All the major averages deeply in the red today. Its i shaping up to be the worst week in the dow, s p and nasdaq in nearly four years. This is serious selling. Lets look at the price of oil breaking below 40 a mark today. Weve been watching this one for some time. Its now down about 20 . Thats a bear market. Thats just this month. Finally, take a look at volatility index. Surging today. Its doubled this month. Its above 25. This is the one we are watching. It was dormant all summer. Today its up above 25. This is the best month it had. All sorts of benchmarks are being set. Exactly. Dow jones industrial average is close to breaking below 16,600, which it did do briefly earlier. We started the week with the vix around 12 and were at 25 now. We have bob doll to break down where he is telling his clients to put their money now. Tech and social stocks getting crushed in this market. Apple one of
Im looking at the downside of the euro when it comes to sterling, down by 2 . The tech selling down by. 2 . David it is time for the morning brief. Will, Emmanuel Macron deliver a speech. He will propose reforms to the eurozone. This afternoon, janet yellen will deliver remarks at the in abe meeting in cleveland. At 1 45, President Trump will hold a joint News Conference with Mariano Rivera at the white house rose garden. We expectl, those after 4 15 this afternoon people later, trump will be traveling to new york. There will be a part of this rollout of a tax reform package. Running us with more is marty schenker. Program. Ack to the i want to start with marty. The president has put his priority, texas. We have three tweets. They are about the nfl, the nfl in the nfl. How does that fit together . Marty it fits together with the message that trump wants to project to his base. He is going on the stump. We have north korea threatening war. We have an entire travel ban that is in place.
Jamie trying to have a transition period. Wes whole transition period, have the ability, time to move people, build systems, acquire real estate varied its not up to us. The british people will decide and negotiate with the eu. We simply have to accommodate the laws of the land, prison and the eu, and that will determine how many jobs and how many people and how many things have to move right before thousand was an estimate in time. Move. 4000 was an estimate in time. When she started she made it clear that she is higher enticing immigration over the Single Market and doesnt want to give a special deal for financial services. You are a global bank. You hire a lot of nontraditional tumor there. Generally britain is heading in the wrong direction for jpmorgan and other banks. Jamie london is a fabulous financial center. We have huge skills to recruit the people of europe. N they change the rules yes, it will reduce jobs there. The brits will decide how they want to compete around the wor