Search bar. The hearing will come to order. The chairs authorized to declare recess at any time. Let me say good morning and welcome to todays hearing and oversight of the department of research and development enterprise. Welcome mr. Secretary we are delighted that youre here today. As you know this committee has jurisdiction over the department of energy and its a vitally important science in Energy Research and develop activities. The laboratories and facilities i hope much more quickly from now on and i look forward to working with you throughout this congress. With a budget season, i would like to bring just a few minutes and a few items to your attention and ill start with the good news. Which is despite the ministration best effort to make cuts across the board and develop my programs most actually fared well in the house of representatives and particularly pleased to see the increased to the budget for the loan programs office, both of which have yielded transformative results
Trading days of what is shaping to be a weak month in quarter. High pressure this morning after it offered weaker than expected. Sanjay mehrotra will join us later this hour. And a Company Named ryan cohen as ceo. Lets begin with the markets. We mentioned what the yields were doing today. Jim, 50 basis points. I said that we would have the d inversion and that you couldnt really be excited about the stock market until the 20year, which is at 4. 1. It is now at 4. 98. Crosses over the feds fund rate. That would be where you can finally say this market is getting interesting. It is oversold. But we cant seem to find any supply of oil near 100. 100 is supposed to bring out some supply and in the oil companies. But i dont want to give up here because this run has been so bad and it needs to consolidate. Heres what i will come up with. We will have a test, i believe. I actually know the time, 1 43, 1 42. Thats when we bottomed yesterday. Actual time of day. That was yesterday, youre saying.
It as the potential to support more than 55,000 jobs in our state and contribute more than 53 billion in revenue. I urge my colleagues to support this amendment and at this time i would yield to the chairman. Mr. Calvert im not going to oppose your amendment. I certainly appreciate what youre trying to accomplish and generally agree that this administration has placed way too many restrictions on drilling both on shore and offshore. These restrictions have delayed the permitting process slowed Economic Growth in your state and many other states around the union, various groups have used that to their advantage, so i agree that more certainly certainty is needed in the leasing and permitting process. What im afraid of is that this might lead to a precedent for preempting the department of interiors Decision Making authority under any president and may lead to other amendments and kind of opening pandoras box of members doing specific amendments that are off their particular states. But
Refugees compared to poisoned skittles, jet making Emergency Landing. Ceo wells fargo in the hot seat today. He apologized, accepting responsibility for scandal of wells fargo but sorry enough whether his job is at stake coming up. Markets this morning pointing to higher opening. Rally continues as a result we are looking at stocks expected to be up 50 points today in dow industrial average. Several banks no no focus. We will hear from janet yellen. In europe stocks are higher. Fractional moves. Quarter a percent higher to half a percent higher across cross the continent. In asia, it was fractional, nonetheless you had gains in korea but for the majority of the major averages we saw selling. Tim tebow making debut, nfl quarterback moves to the baseball diamond, already paying off. We will tell you about failed of that jersey. Rivals were throwing punches instead of pitches. Joining me to talk about it Morgan Ortagus and Anthony Scaramucci and dagen mcdowell. Good to see you. Dagen can
Shuddering coal generation in the state of oklahoma. Its a concern 3r5k9ically and a concern legally. Looking at it as a nonattorney, you look at the tenth amendment which refers to reserving power to the states do you think this is consist went the tenth amendment . Well, i think this case and i would add this to the comments earlier from a fellow panelist, i dont think its terribly novel for us to have a dispute or a case about statutory construction. You know, i indicated that it is a Traditional Police power to regulate Power Generation and for the federal government to intervene or to invade that, it has to be the statute has to be explicit and clear and unambiguous, and i think by virtue of our discussion today, its demonstrative that that is not the case. So, senator i think its less about the tenth amendment and less about states rights under the tenth amendment and more about statutory construction and whether the epa possesses the authority that you gave it to regulate in thi