Friday session. Down by one point 5 today, we had the Catalan Parliament voting to implement an independent state. Spain senate giving spain the power to take control over catalonia. The plot thickens, the imf down by 1. 5 . The stoxx 600 is up for the six week in seven. The euro down for a second consecutive day, over two days since the ecb announced the whole roster news yesterday. The euro down almost 2 . The biggest today declines in september. We have the 10 year rising today. , weerday, with the reverse saw european bond yields declined on the back of the ecb news. I just want to get to ubs today, chief executive Sergio Ermotti reposting expectations for a share buyback. He talked to down the prospect of dividends increasing proportion of the profit. We saw shares lower by 1 and also subdued client activity in the fourth quarter. Revenues increasing across International Wealth management, net margins and measure of profitability. Little changed from the second quarter. A busy cou
Solid ground. Vonnie lets get back to the storm and controversy over trumps abrupt firing of james comey. Mike pence just telling reporters the firing was the right decision at the right time. We also follow swift reaction from both sides of the aisle. Absolutely laughable. Fails to pass any smell test. Both parties, at different times, have called for the mr. Comey. F this is not watergate. No one is happy with this performance. I think it is time to take a new direction at the fbi. The timing raises some questions. Because of the interference by the russians in our election. The idea that you take the person with every other spots ability, including the budget of the department, and somehow it all falls apart, that is not how organizations work. I do not believe the system has been compromised, but i believe at different times at different reasons, people ask for a new fbi director. Now they will get one. There needs to be a special, independent prosecutor who can be insulated and pr
Lets look at u. S. Equity futures. Yesterday the markets were weaker this morning things are mixed. Dow futures up by close to 12 points s p down by 2 points nasdaq down by about 15. In asia, the nikkei was down almost a percentage point. Same thing for the hang seng the shanghai was up by a percentage point the cac is down by 1 now. Ftse is down by a third of a percent. The dax is off by 0. 6 the tenyear note, the yield yesterday settled at 2. 15 this morning the yield is below that 2. 146 breaking overnight, saudi arabias king ousting his nephew, the ksitting crown prine and putting his son, Mohammed Bin Salman the former crown prince was in charge of saudi arabias services footage showed an amicable change in succession the saudi all shares is up sharply today on the news. A check of crude prices, this is seen as a potential wildcard when it comes to crude with the change in power. Were seeing it holding on to modest losses here this after a big loss in yesterdays session. This happ
Now, i ask that there not be any type of instruction regarding the testimony given here today. It is important that we respect the rules and the decorum of the house and allow the public to hear our proceedings. Today the subcommittee will examine access to oil and Gas Development on oniio onshore fe lands. Onshore federal oil and gas accounts are roughly 20 of americas production and is integral to our nations independence and security. Not only has the new administration inherits a backlog of 3,000 drill permit applications but an incredibly burdensome regulatory scheme that discourages investment and development. It is critical that we evaluate these obstacles to success and ensure a fair return to the American People. There are many factors that influence an operators decision to lease and develop hydro carbons. While some may point to low Commodity Prices, Market Conditions are no excuse for poor policies or for the federal government failing to uphold statutory obligations. In fa
Development on federal lands. We will hear from state and federal energy officials. This has Natural Resources sub hearing is chaired by paul gosar of arizona. Lands. I ask unanimous consent of the gentleman from arkansas be allowed to sit with the subcommittee and par this will allow us to hear from witnesses and members keep to the schedules. Therefore i ask for unanimous consent that all other members be made part of the hearing records if they are submitted to the clerk by 5 00 p. M. Today. Without objections to order. We can do that now. I ask that theyre not be any type of disruption regarding the testimony getting here today. Its important we respect the decorum and the rules of the house until the public can hear our receipts. The subcommittee will examine oil and gas on federal lands. They are holding a hearing in several weeks and we asked the members reserve all offshore questions for the next hearing. Its owned by all americans and the bureau of Land Management is obligated