Republican of virginia. Youve been in congress for about a year after knocking after eric cantor. How has your life changed . Pretty dramatic. Being a professor was a nice life. Getting to see the kids and that kind of thing. Now all that its hard. When youre done here, i promise to go to nine counties in the city. Im up here in three weeks. Then ive got a week back with my constituents. I promise to go through nine counties in the city. Working all that and keeping a family balance is tough, but i asked for the job and i love it. I feel its very meaningful. Its all worth it. Do you see things differently now being on the inside . Yeah, a little bit. I taught economics for 18 years, so you kind of know roughly what to expect and the politics, roughly a lot of votes are taken to follow the money. So in economics, i knew that. Ive been pleasantly surprised on the personal side. Everyones been very gracious to me. Almost universally not one person everyones been very gracious, giving me g
That he didnt have the authority to act. Notwithstanding that, he went forward. We intend to challenge that. The house has done that with an appropriations bill and the rider attached to it. The outlook in the senate is going to depend on what we can get 60 votes for. This is the start of a process and that discussion continues and well, as we have now until i think every seventh when that legislation or funding expires. February to when she seventh 27th when that legislation or funding expires. I dont want to say what leader mcconnell will ultimately decide to do, but that is a discussion were having as a congress. We want to give people a chance to vote to express their opposition to the president s action, but we understand that at the end of the day in the senate it is going to take 50 60 votes. A general man was arrested yesterday gentleman was arrested yesterday who had hoped to use a pipe bomb against members of congress. He expresses sympathy with isis. How and when did you lea
Snap chat is worth 19 billion. Has 35 employees that is well concentration. It may also be a bubble. Walmart raising wages, varney and company is about to begin. Don stuart we will bring this to you. Oil inventories, the amount of oil in storage did go straight up . 7. 7 Million Barrels, that is what we have in storage, twice what was expected to be in those tanks and that sent the price down. We have oil around 50 a barrel. Was 49 a little earlier. In a couple minutes we have the man who called the drop in oil prices, joins us from chicago momentarily, the current drought is not over yet. Terror has got to be front and center in the news just about every day these days and president obama is standing by his claims that to prevent people turning to terror we need to create jobs. Poverty is the root cause of terror, he says. This is what he said at a white house summit i am quoting again directly we do have to address the grievances that terrorists exploited including economic. Washingt
First net is their first priority. Because this is no pra jorty of comment about people that we work with, but first net is a secondary item for them. They have a fulltime day job and we pile on top of that. We probably dont get the urgency that we feel about things. So to the degree we can take accountability and responsibility for those functions well obviously follow all the rules and regulations but we would have an opportunity to move more quickly. Id like to see what we can do about improving that and also taking responsibility from commerce and obviously e we wouldnt do that until such time were prepared. We went through that process with our finance organization. Initially, they provided support for us. Today we do a lot of that work ourselves. So i think we have demonstrated we can bring in the right resources with the right talent and training, put the controls in place to cause people to feel comfortable to fullfill that. Id love for you to submit more of that for the record
Off, commodities surging today, copper and coffee and oil. If you look at the material sector that is leaving the market today but for the month of december. Another stock down 8 is twitter. The social messaging site getting cut to underperform from mutual, but maintaining the price target at 46, the second downgrade for twitter since last week, sun trust cut its rating to neutral last week. That is what we are hearing but it is of meteoric rise for the stock until today. Cheryl thank you, cu in 15 minutes. Adam our next guest underestimated the power of the markets, as big expectations for stocks in 2014, chief market strategist, welcome and thank you for joining us on markets now. Why i use all optimistic going into 2014. Get ready for corrections. I am optimistic for the first half of the year and for the second half we will get a correction as the market begins to sniff out the first interestrate hike by the Federal Reserve but they said they are going to leave the overnight rate u