Midnight. And lawmakers appear to be far from a deal. If an agreement isnt reached and a spending bill isnt passed, the government should shut down. The president today said that is a real possibility. F the country shuts down, which could very we be, the budget should be handled a lot differently than it has been handled over the last long period of time, many years. That kept a lid on stock prices. The Dow Jones Industrial average dropped 97 points to 26,017. The nasdaq was to have two and the s p 500 fell 4. 5. What could happen to the market if a hutdown is not averted . Reporte stocks have been off to the races so far in 2018 but the looming threat of a possible Government Shutdown two throw the rally for a loop. We have already seen the markets losing steam today. Remember, the dow just closed exactly does a shutdown really entail . The government would stop spending it. Messily applies to discretionary d and debt payments would not be affected. Neitr would military spending. The
Welcome to a new. Defse news. A new novel that hints at the next world war might look like. Israel aerospacece industries was founded in 1953 to build the aircraft and missiles needed to defend the new jewish state traded as knowing nearly or milliondollar company with unmanned aircraft, satellite rockets, and just. Jets. The chairman is driving efficiency moves t to increase profitability as t governmentt moves to privati to 49 of the company. He grew in Digital Printing busiss but sold to hp for 1 billion. We met wh him at the Paris Air Show and i asksked how he planned to grow thu. S. Defense business. That is a big challenenge for us. I was aually y hoping toarket where we had added value. We havehe asipacific market well as latino america, and other places. In the u. S. , we a a b limited because momost of our activities are military. A military come any we have proxoxy loans and othther things that we must do t requi local companies as an engine forr growth. Were focusing g on o
Bass, and and to back them up there are similar problems, stay there and work with them i believe my experiences if the nation believe somebody is behind them they are likely to do the right thing the right way and hopefully for a longer time. I will finish with this. My father in law was the guadalcanal marine and he would be very proud of your service, years of service and what very much forward to taking command of the marine corps so we wish you the very best. General neller, will command congratulations, thank you for your service. General neller, i apologize, we had to have a quorum, Judiciary Committee and stepped out briefly so i apologize for asking a question that has already been asked but i want to talk about what would be your top ground Modernization Program priorities. Right now the two top programs yet to be fielded, the joint tactical vehicle and amphibious combat vehicle. Both of them are in jail tv as i understand it, close to initial production and we should down se
Neutrality has become the law of the land. Hows that going . Guest well, its early. Our rules have just become final, so we have some implementation to do as well so its early to know exactly how the rules are going to play out and what are the impacts. We still have a court case going on, and well see how that moves through the process and see what happens in the litigation side of the equation. Host well, theres some talk up on capitol hill with the republican ares about doing republicans about doing something to mitigate Net Neutrality. Is that something thats possible at this point, or is it going to is it all in the courts . Guest well, i leave of the legislating process to my good friends and former colleagues on the hill. They know best on what can be done and cant be done on capitol hill. I have left that institution enjoyed my time there but im not in a great position to answer per se. I suspect in talking to my friends it seems like a heavy lift right now. Seems like those fo
Today. Nice to see you in person for a change. I think people are predisposed to think of you as bearish. Why a bubble in the u. S. . Why this feeling now . Well, i think that we have to distinguish the different sectors in the u. S. The bubble is in the most popular stocks is making great companies. Amazon, netflix, so forth, but theyre highly priced and dont forget. October 99 to march 2000 the nasdaq 100 doubled and then it went down 70 . And navidia which is one of the millennials favorite stock declined in 2000 to 2002 by 95 . After 2007 it declined by 88 . I think we are in a financial bubble, not only stocks but also bonds and we have this liquidity bubble. I would rather invest in europe than the u. S. And where the economy is improving. Thats people think. In asia we have cheaper markets. If you look at the u. S. Market compared to other markets, it is at the highest level ever. If i say improving economy in the u. S. Thats what you say. I disagree. You dont agree . No. On wha