In afghanistan, military readiness, and the importance of emerging defense technologies. This is an hour. Ladies and gentlemen, good morning. It is a sincere pleasure for me to welcome our featured an honored guest today, chairman of the joint chiefs of staff general mark milley, United States army. Since becoming the 20 the chairman of the joint chiefs in 2019 general milley has worked to realize the u. S. National Defense Strategy which prioritizes competition with china and russia, and American Defense plenty. Chairman milley has worked tirelessly with civilian and uniformed leadership towards developing the u. S. Armed forces into a truly modern armed force, capable of deterring and heading off the threats of all types that we may be facing today including those emanating from nearpeer competitors that have now really pronounced once again the idea of Great Power Competition. He has kept a close and careful eye on the perennial defense issues associated with iran and north korea, v
Climb to glory and command the third corps and the commanding general of u. S. Army forces command. One accomplishment that is not in his bio and one he is very proud and he is a proud son of a marine and the picture is the Fourth Division going over the jima. At iwa general, we are proud to have you with us today. A difficult duty is coming up for you and remain neutral at this years armynavy game. We have Great Expectations for your neutrality. Thank you what you have done for our country and allies around the world. I would like to turn it around senior fell oove who will kick off the conversation about the defense challenges that you face and we face as a nation and hell conclude with questions and answers. The session is on the record today. If you have questions, send them. Edu. Nts ooth brookings over to you, mike. Mike thank you, john. And i add my personal gratitude not only for you joining us today and for the men and women in the military families and veterans who have sacri
Particularly with china. I refunded . A variety of individuals and corporations. We dont accept any corporate or foreignon money. Several headlines got our attention that w says chinas military has surpassed us in ships and missiles and air defense. Talking about conventional weapons first. So what is the strength of the Chinese Military . Its very impressive. Its daunting. Remember the United States spends more on total that china has been closing the gap and exclusively focused on its own region. So that the age in the pacific the most recent is shifting in chinas direction. Thirty or 40 years ago the Chinese Military was a sophisticated force is no longer the case and they are closing the gap in key areas and that trend is continuing. Mr. Cole be the headline of the Nuclear Arsenal that tells us the china plans to double the nuclearhi arsenal. Talk about that part of the equation. The conventional event is more sobering. It is slated to doubleed in size from a low amount what is con
We have a change in schedule. As we explained in the hearing memo, we were planning to do Opening Statements from 9 30 to 10 00 and testimony and questions from 10 00 to 1 00. This morning we were informed that President Trump and Vice President pence have called our witnesses to about emergency meeting at the white house. We dont know the details just that it is extremely urgent. Now the witnesses have to leave at 11 45. In light of the sudden change we will significantly reduce Opening Statements. We will do 10 minutes so we can get right to questions. Witnesses, please keep your oral statements as brief as possible. At 11 45 we will recess the hearing and work with the agencies to determine when the witnesses can return. With that i recognize myself for a few remarks. I want to thank everyone for being at this hearing. Our thoughts go out to everyone and our colleagues representative meadows and representative gosar who cannot participate here today. Were now in the middle of a Glob
Street ceos are heading there this afternoon to discuss solutions in the next hours, as investors await some relief. Kelly . All right, tyler, thank you very much. We are all over this major moment for the markets today meg terrell has all the latest numbers on the coronavirus, which is now being called a pandemic bob pisani is watching another thousandplus point drop for the dow. Rick santelli is out in chicago watching the bond markets. Eamon javers is at the white house where a lack of details on the stimulus plan is adding to this selloff. We begin with bob at the New York Stock Exchange. Robert in the absence of nif positive news out there, the markets keep drifting lower. Heres the dow we had a little mini rally going here, not dramatic, but a mini rally. And around 12 30 right here, we had the word from w. H. O declaring it a pandemic here i think that took a little bit of steam out of the market as you can see, were sitting near the lows for the day. Whats moving . Three things