And happy birthday to the iphone ten years ago today steve jobs unveiled a product that changed the way we all live. But what will the next iphone bring . What could be smarter than the iphones weve got now . Well explore that and more as power lunch begins right now welcome to power lunch. Im michelle carusocabrera. Nasdaq is the biggest loser percentagewise and nearly 2 decline. Dow jones is on track for the biggest oneday drop since midway bob pisani is at the nyse. Whats going on . Its a good sign of rotation in the market. Thats what has been keeping up stocks all year. Semiconductors are the losers today. What have been the losers . Banks and energy what are among the few winners today . Banks and energy this is rotation, folks. Were seeing heavy volume. The triple q, big volume there thats a sign that people are using it to buy other things meantime, value and growth are getting a lot of interest. Whats value mostly energy. Growth is a problems txy for fa stocks, so your apple a
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
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
The subcommittee on energy and Mineral Resources will come to order. The subcommittee is meeting today to hear testimony on examining access to oil and gas lands. Ent on federal i ask unanimous consent that the gentleman from arkansas mr. Westerman be allowed to sit with the subcommittee and participate with the hearing. Without objection so ordered. Opening statement at the hearings are limited to the chairman and the ranking minority member and a vice chair. This will allow us to hear from our witnesses sooner and help members keep their schedules. Therefore i ask unanimous consent that all of the member Opening Statements be made part of the hearing record if they are submitted to the subcommittee clerk by 5 00 p. M. Today. Without objection, so ordered. Can we do that now . Right here . Chair gosar now, i ask that there not be any type of disruption regarding the testimony given here today. It is important that we respect the rules and the decorum of the house and allow the public