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Transcripts For CNNW At This Hour With Kate Bolduan 20180206

It is not lost on me that as i testify before you this morning, we are again on the verge of a Government Shutdown, or at best, another damaging, continuing resolution. As hard as the last 16 years of war have been on our military, no enemy in the field has done as much to harm the readiness of u. S. Military than the combined impact of the budget control acts defense spending caps worsened by operating for 10 of the last 11 years under continuing resolutions of varied and unpredictable duration. Secretary mattis has a point and well get to it in a few moments. But we begin with another day of extreme volatility on wall street. The dow with losses of more than 500 points, with gains to nearly 400 points. Yesterday its largest single point day loss in history. Right now you can see there the dow up a little bit. A stomachchurning few days, but in the grand scheme of things, a small blip in a nineyear bull market. If you had 100,000 in an s p 500 index fund on election day in 2016, well,

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