Good wednesday morning. Welcome to squawk alley. Jon fortt, sara eisen and me at post 9. Markets once again chasing some record highs, eight straight gains now for the dow, which, of course, hit a record intraday high earlier this morning. Thats a 13 jump for the industrials since the election. Joining us this morning, paul christopher, head of Global Market strategy at wells fargo investment institute. Paul, its good to have you today. Thank you. As the debate goes on about how much of this is fundamentals versus political expectations. You think its the economy at work here, dont you . Yeah, we do. We have a lot of clients, though, investors who think that, well, gee, if this is really all just about policy, then this rally is riding on thin air. We dont think thats necessarily the case. The economy started to improve long before the elections, just started getting noticed on november 9th. We got the s p now above the average yearend strategist target of 2,364, or just about there, b
Congress has an adopted comprehensive tax return for over 30 years, our next panel will discuss the likelihood of tax reform, the merits and politics of various tax reform options and possible next steps by the administration. Steering this discussion will be mark summerland, managing partner at even flow macro, mac served as Deputy Assistant and Deputy Director of Economic Council under president george w. Bush, please welcome mark and panelist to the stage, douglas econ, president of the American Action forum, and mark, deputy staff director and chief council at the Senate Finance committee. [applause] good morning, we are very fortunate to be here on the tax reform panel. President trump, majority leader mcconnell and speaker ryan have all declare that had tax reform is the number one economic priority for this year. If there were three people that i would pick to be in a room and write a new tax plan for me, it would be mark, doug and george right here. So we are very privileged to
All right. Ladies and gentlemen, good morning the meeting will come to order this the regularly the Budget Finance Committee excuse me board of supervisors budget finance subcommittee im supervisor cohen chair of this committee and to my left is supervisor katie tang and to my right is supervisor yee and our clerk mr. John carol and linda wong thank you jesse larson and phil jackson from sfgovtv so for assisting us today madam clerk, any announcements . Devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the may 2 board of supervisors agenda unless otherwise stated. Thank you very much call the first item Revenue Bonds or commercial placing the total Principal Amount of San Francisco International Airport subordinate commercial paper notes for any lawful airport. Thank you id like at a call kathy from the airport to make a brief presentation on this item. Good morning chair cohen im kate hartley with the
Mr. Hanna, it strikes me in your response to some of my colleagues on this side of the aisle, comments with your role about Vice President cheney and the agreement or the decision to invade iraq is it was a mistake and you apologize for that in your own way. But we should just move on from that. Is that a misrepresentation of how you view your actions . Its senate more complicated than that. Of course. And too long to explain. That, yes, if the case depended on weapons of mass destruction in iraq, that was false. And the American People didnt understand the grounds on which we were going to war to take out a guy who is a horrible dictator and a major strategic threat to american interests that the American Congress in 1998 passed a law almost unanimously saying the iraq liberation act saying weve got to doing . To get rid of this guy. Didnt say war necessarily but it says weve got a big problem with iraq, we need to doing . About it. But it was based, wouldnt you say, on the assumption
Leadership around the world. Postmaster general make and brennan discussed the future of the u. S. Postal service at a House Oversight and Government Reform Committee on wednesday. She outlined what policy changes could be made. This is 2. 5 hours. The committee on oversight and government reform comes to order. Thank you for being here. This is important and it affects every american. It is a vital part of the commerce in United States in the United States. We are here to talk about the Postal Service and to ensure options for longterm viability. 40 of the mill volume is carried through the United States Postal Service. Workers are spread throughout the country and it is the backbone of a 1 trillion mailing industry that employs 7. 5 billion people. 7. 5 million people. There is an unprecedented financial crisis. Mail volume has declined by 25 . As a result, the Postal Service has lost money for nine straight years, with nearly a decade of longterm financial challenges. The agency has