Good morning welcome to squawk alley. I am john ford with holly evans. After a series of wild swings in the market, major indexes are higher but not across the board. Dow up 240 the next guest says the fed is partly behind the mayhem the past couple days as the president tweeted about market volatility in the old days when good news was reported, stock market would go up, today when good news is reported, stock market goes down big mistake and we have great news about the economy Tom Mcclellan joins me start with the fed, you think theyre in the middle of this . Good morning. Yes, the president is right. But the link between that and the economy is not as strong as people think what most dont understand, there are two fundamentals that govern movements of stock market first is how much money is there, the second is how much does the money want to be invested the fed is in charge of mostly the first one. I brought a chart. Whats not reported, the fed is selling assets last week they dro
Review. This is about 90 minutes. The meeting will come to order. The Committee Meets today to hear testimony on the Administrations National Defense Strategy and Nuclear Posture review, both of which were recently released. We welcome back the secretary of defense and the vice chairman of the joint chiefs of staff to discuss these important documents. I cannot count the number of times i have heard members of this Committee Talk about the importance of having a Defense Strategy to help guide decisions that we, in the executive branch, have to make. Now, we have one. It is a component of the Broader National Security strategy released in december and it has within it the Nuclear Posture review, the first of its kind since 2010. A lot has changed since 2010 and both documents come at a critical time. As the National Security strategy points out, quote, americas military remains the strongest in the world. However, u. S. Advantages are shrinking as rival states modernize and build up the
Thanks for the question and the answer. You got it. Yeah. Okay. Absolutely. Talk to matt. Yeah. That would be great. Thanks. Thank you. Its wonderful to see you again. Thanks for coming. Absolutely. Appreciate it. I love listening to you. I appreciate your answers. Thank you. Good morning. Saw you this morning. Yes, sir. You did it. Good. Thank you very much. Go get them. I will. Maam, how are you . Good to see you again. Thanks for coming back. Hi. Good to see youkser governor. Im not a voter of New Hampshire but you can shake my hand. Ill always shake your hand. Im coming after you in a couple of minutes. I cant wait. I cant wait. Let me tell you. Would you rather get your rebate off the bench or daryl . Its a step. All the other guys in the market, look at kansas city just did. I dont think he is a whole lot better than he is. Really . Look at the stats. Okay. Well do. First lady would not like that picture. Mouth wide open. Oh, boy. Oh, yeah. Look at that. Doughnut day. Thanks so m
Savings accounts are made quarterly. So after a fiscal quarter ends, parents report back to the state department of education and what they use the cards for. They report the cards back to the seats. The department reviews them, makes sure everything is in line and then they make the next quarters dispersement. The county can intervene and withhold funding from the next dispersement is f. F there is a problem with the families using the card. They recently said there have only been five instances where there is a significant financial, you know, issue or misuse of the card which among which is now going on probably were getting close to 3,000 accountses. Thats pretty good for the first four, 4 1 2 years of the program. Were never going to have a perfect system. We should judge policies by their feasible alternatives as opposed to some idea we know well never achieve. For example, no child left behind in theory, thats fantastic. The fact is that not a single state met the proficiency st
Programs, or Education Savings Accounts, which were here to discuss today, provide families the opportunity to choose schools and learning options that meet their childs individual and unique learning needs. Instead of being assigned to a school based on where their parents live these models of School Choice and free people free children from assignment by zip code residential policies that bound them to a school in their neighborhood. Milton friedman says School Choice ensures children are free to choose and free to learn. It was in 1955 that friedman first outlined this concept of School Vouchers. Government administration of schools is neither required by the financing of education neuer justifiable in its own right in a pro dominantly Free Enterprise society. In other words friedman argued we should separate the financing of education from the delivery of services. That is apparently choose where a child attends school. He operationalized this idea of financing the education from d