To cash in on the biggest ipo ever. Real money. This is real money. You are the most important part of the show, to tell me what on your mind. A decade of war is now ending. The speaker of those words was president obama in january 2013 on the day of his inauguration for the second term in office. They were words that resinated with many americans, tired of the wars in iraq and afghanistan. Wars that cost the country the lives of thousands of american soldiers and more than 1. 5 trillion. The president s plan spelled out in his state of the Union Address was to spending some of the peace dividend to pursue, quote, nation building at home, while sha shrinking the u. S. Military budget. But 20 minutes later, president obama faces a world where russias annexation of crimea has forced nato to confront the worst crisis since the end of the world war. A world that is china flexing his muscle in the sea, this comes as baobama tries to pivoto asia. But the pivot will become increasingly diffic
The truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportunity to conclude your remarks. All of your written testimony will be printed in the record in its entirety and we would ask that you try to limit your oral testimony to five minutes. Professor battalio, we will have you go first. Thank you again for your work. Good morning, chairman levin and Ranking Member mccain. Thank you for inviting me to testify today. Its an honor to have the opportunity to present my views on conflicts of interest. In u. S. Equity markets to the Senate Permanent subcommittee on investigations. My expertise is the relationship between order flow inducements offered by dealers and exchanges and the quality of trade execution. Before discussing my Current Research with shane coreland and Robert Jennings id like to provide a bit of context. Orders used by retailer
Testimony. All witnesses who testify before this subcommittee are required to be sworn. At this time i would both of you to please stand and raise your right hand. Do you swear that the testimony youre about to give before this subcommittee will be the truth, the whole truth, and nothing but the truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportunity to conclude your remarks. All of your written testimony will be printed in the record in its entirety and we would ask that you try to limit your oral testimony to five minutes. Professor battalio, we will have you go first. Thank you again for your work. Good morning chairman levin and Ranking Member mccain. Thank you for inviting me to testify today. Its an honor to have the opportunity to present my views on conflicts of interest. In u. S. Equity markets to the Senate Permanent subcommitte
Moment. First, we want to get to julia boorstin. Facebook earnings are due out any moment now. Thats right, maria. The big focus is its mobile growth. Analysts expect 33 of the ad revenue to come from mobile. Thats up from 30 in the First Quarter with 767 million users expected. Total revenue was expected to grow 37 to 1. 6 billion while earnings per share are expected to grow 14 to 14 cents. Well also be watching for more data on just how well facebook ads are working and how much time users are spending with facebook in the face of so many alternatives. Ill be back shortly, as soon as the numbers are out. Maria . All right, julia, well be back to you when the numbers come out. We want to get to the action on wall street action with peter, john, and nathan of the Financial Network group. Good to see everybody. Thank you for joining us. Nathan, let me kick this off with. What do you pex ekt the catalyst of the market to be for the rest of the year in. The catalyst for this year is goin