Let me try to call this full have stored or, if i may. Welcome to brookings. My name is bill gholston , senior fellow here in governance studies. Thanks so much for coming and welcome also to the people who are watching this event live on cspan. Todays topic is the past, the present and possible future of the u. S. Senate. The location of this discussion is the publication of ira shapiros second book on the senate. This one entitled broken can the senate save itself and the country those of you who read his first book on the senates will know how passionately he reveres the senate as an institution and will not be surprised to learn how distressed he is by what he describes as its precipitous decline. This topic could not be more timely. We are just days from the expiration of yet another shortterm continuing budget resolution and perhaps even more pertinently from a promised open Senate Debate on Us Immigration policy. Will the promise be kept . And if it is, will todays senate be up
We leave a last minute or so of that interview to take you like to the u. S. Senate about to gamble in print lawmakers expected to work on 2018 defense programs and policies. Starting of the session with a moment of silence for the 16th anniversary of the 911 attacks. Will take you life out to the floor of the senate. Here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. Eternal god, our shelter and shield, today we remember 9 11. As we recall the tragedy and and heroism of that day, we better understand that freedom isnt free. We remember how the pain united us so that we knew that we were not hyphenated americans, but one people. Infuse us in these contentious times with a similar spirit of oneness inspiring us to work for the wellbeing of all people. Lord, we are grateful for the protection you have provided us for the 16 years since this calamitous day. May we continue to tru
At 11 06 a. M. It doesnt count officially until you close at that level. That can often times prove a devil of a time. Higher you get, smaller leaps are percentage wise. To market watcher Jonathan Hoenig and fox businesss nicole petallides. Nicole, when the crescendo was hit, what happened . There is always elation. They open up hats which they will not reveal in the the moment you cross it. You can beg, cry, plead, offer your firstborn child, they wont give you the hats. Finally crossed it, monumental psychological level. It shows overall optimism that really has hit wall street since the election. Weve had a great run. The idea we have more businessfriendly administration and that fundamentals improved. Look at winners. Caterpillar, dupont, home depot, those have been best former since dow 22,000. Alltime highs, johnson johnson, united health, three names that really comprise half of the gains, five names, would be boeing, caterpillar, home depot, Goldman Sachs and 3m. Neil, you exha
Is. Our objective is to get it on the president s desk by december to get him to sign it this year. Well work on this as fast as we can but theres no artificial deadline. As i said all along, this is a pass fail exercise and weve got to get it done to create Economic Growth and create a competitive business system. Maria the optimism hitting 23,000 yesterday for the first time. Indicating another rally at the start of trading this morning. The market will not quit. Update quarter of a percent of the market. Take a look at the indices look like this bird once again come to europe a cue from the u. S. Caci pass a percent. Dax in germany up two thirds of a percent. Asia overnight markets mostly higher as well. China the country kicking off its 19th National Congress of the communist party. A major impact on everything from u. S. Policy to chinas approach to north korea as it shapes the leadership for at least the next five years. Ibm does by reporting its 22nd order of declining revenue.
To limit the use of predispute forced arbitration clauses in contracts for Financial Services and products. I strongly oppose the Congressional Review Act resolution to dismantle this vital Consumer Protection. Forced arbitration clauses force individuals to sign away their right to go to court as a condition of buying a product or service, and they allow Corporate America to take advantage of a shadow Justice System that is inherently biased toward the corporation, offers no meaningful appeals process. To put it bluntly, these clauses serve one purpose and one purpose alone. To help make sure the giant corporations still come out on top if they have wronged consumers. Thankfully weve started to make some progress in addressing forced arbitration. Five years ago the Consumer Financial Protection Bureau began an intensive study of forced arbitration clauses in consumer Financial Services contracts for things like credit cards, savings accounts and private student loans. The study confir