Subcommittee will come to order without objection declare recess at any time. We welcome everyone to todays hearing on the federal bureau of prisons. I ask our friend florida ms. Lee to lead us for the pledge of allegiance. I pledge allegiance to the flagr which it stands, one nation under god and indivisible with liberty and justice for all. Thank you, ms. Lee. Without objection the gentleman from maryland mr. Ivy will be able to participate for the purpose of questioning the witness if the gentleman yields him time for that purpose, i see no objection. I now recognize myself for an Opening Statement. I thank director peters for coming today and the audience, we appreciate you being here. This hearing is oversight of the bureau of prisons. The federal bureau of prisons is component of the department of justice. Bop to protect society in confining offenders in controlled environments of prisons and communitybased facilities that are safe, humane, cost efficient and properly secured and
Euro strengthening after reaching a low around midnight. Stock futures edging higher despite mixed Economic Data in the u. S. The Federal Reserves seal of approval banks struggle to pass the stress test shares of citi and Morgan Stanley rise. Bank of america and others lose ground. The first cut is the deepest, box and shake shack releasing first Quarterly Results since ipos and the reaction on the stock is not pretty. Stock futures higher despite a surprise drop in retail sales down. 6 in february due to bad weather in parts of the country. Strip out auto sales fell. 1 . Claims fell more than expected last week down 36,000 to 289,000. We knew autos were going to be weak, and they were. Yeah. Februarys a weak month in our country, which is so funny because we are so used to thinking about one number, the employment number that we got. Everything else was just punk. The weathers very very important but a remainor to those saying like Richard Fisher departing the fed, its important that
Of europe is hanging to some green arrows. Apple disappoints and revenue guidance is short of expectation. Meantime, the overall market set for a missed open after a big mix on durable goods orders and another big driver of todays market is earnings, ford, comcast, pfizer some of the names making moves in trading and well break them down. First up, well talk about apple and shares taking hits after betterthanexpected quarterly profits they sold a record 51 million iphones in the quarter but below expectations, the Current Quarter guidance short of consensus and an hour from now well get information from john scully who will join us at post nine. We said how easy it would be to set a new record which they did on phones, but no one expected phones to come in quite this low. No. I think theres a big schism developing, the analysts have really turned on apple now. This has become an unruly Conference Call. And youll see in a moment, but the analysts are still talking about are you still a
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