Sen. Imhoff we all have on our minds and in our prayers senator mccain. He is going through some recovery right now and will be able to come back this week. That will change the way we are doing business a little bit. Nonetheless, he will be back with us very soon. Committee this morning is considering the renomination of general sova for the appointment of vice chairman of the joint chiefs of staff. We have already been through this trail that through this drill. Do you have any family you would like to introduce . I have an opening statement. Imhoff general selva, your time has been marked by great challenges in national , north koreas pursuit of nuclear and longrange missile capabilities, isis, and are young women and men continue to serve in the battlefield in afghanistan to ensure that that country never again serves as a safe haven for terrorists. Moving forward, new leadership at the department of defense and military services present renewed opportunities for armed forces as we
Filled in. Sen. Inhofe this meeting will come to order. First of all we all have on our minds and in our prayers senator mccain. He is going through some recovery right now and will be back this week. That will change the way we are doing business in a little bit, but nonetheless we hope he is back very soon. And our Committee Meets this morning to consider the nomination, the renomination of to bel silva selva vice chairman of the joint chiefs of staff. I think we have been through this round of questions. We will forgo that. Assuming you have changed your mind from last time, is that correct . Any family you would like to introduce . Gen. Selva i will do that in my opening statement. Your record is wellknown. The first two years as joint chiefs of staff has been marked by great challenges the ofionals 30 in the events crisis in the middle east and russian aggression, actions korea, nuclear and longrange missiles. Men and women continue to serve in the battle in afghanistan, the count
Have on our minds and in our prayers senator mccain. Hes going through some recovery right now and wont be able to come back this week. So that will change the way were doing business a little bit. But nonetheless, hell be back with us very soon. And our Committee Meets this morning considering the nomination i should say, the renomination of general sell have f selva. Since weve already been through this drill on the eight required questions, were going to forego that. Im assuming you havent changed your mind since the last time we asked you the eight questions. Is that correct . That is correct. Any family youd like to introduce . I do. Ill do that in my opening statement. Thats good. Your record of service to our nation is well known to this committee. Your first two years a the joint chiefs of staff have been marked by great challenges in our National Security, the advance of isis in the middle east, russian aggression in ukraine and actions against others in that region, north kor
And welcome to power lunch, the bears are out today. The dow and s p 500 having their biggest oneday slide since the beginning of july. The s p 500 in fact falling below its 50day moving average for the first time in a month. Wall streets socalled fear index, the vix soaring hitting the high in five weeks gold meantime, hitting a twomonth high retail to blame. Macys is down 9 . Kohls and dillards also getting whacked. Jc penney being taken down here, brian. We begin with your money and investments. North korea, of course, grabbing all the headlines, but the defense stocks are mostly lower today and apple is the biggest drag on the dow. So is all the saber rattling really to blame . Live in washington with the latest on north korea, bob though at the nyc, bob, let us start with you how much are you hearing is north korea, is valuation, or maybe just a normal, healthy august pullback . You know, id say 75 is concerns about north korea, but we do have some High Expectations on the earning
For all of the dows implied decline, macys is no good either. Well get to all of that. Europe in the red this morning. Asia quiet overnight. And watch oil up four of five sessions following the best day in about two weeks. Our roadmap begins with four names down big this morning. Shares of macys falling hard after the companys Earnings Report this morning slashing guidance. Terry lundgren saying on the call we are not counting on the consumer to spend more ncht office depot and staples calling off merger after a judge blocked the deal. Both stocks taking a hit this morning. And disney shares falling after missing estimates for the first time in five years. A drop in espn ad sales and subscribers taking a toll on that quarter. Ncht first up, macys down in the premarket after the company missed on quarterly revenue and slashes their full year guidance. Retailers says Top Line Sales expected to remain below initial expectations. Macys Early Release Terry Lundgren saying we are seeing cont