Bills werent getting passed; and those that did get passed were frequently drafted behind closed doors with republicans and many rankandfile democrats shut out of the process, which of course means that the American Peoples voices were shut out of the process. When republicans duke control, we know when republicans took control, we knew that getting things working again had to be our first priority. We opened up debate so senators from both parties could make their voices heard. We started drafting legislation in committee again so that bills were the result of discussion and compromise instead of being dictated by Democrat Party leaders. And we got the Senate Passing real substantial legislation again a bawrkts appropriations a balanced budget, Appropriations Bills, the first major energy bill since the bush administration, the first Significant Education reform since 2002. Mr. President , im particularly proud of two bills that the committee i chair the Commerce Committee worked on a
Bills werent getting passed; and those that did get passed were frequently drafted behind closed doors with republicans and many rankandfile democrats shut out of the process, which of course means that the American Peoples voices were shut out of the process. When republicans duke control, we know when republicans took control, we knew that getting things working again had to be our first priority. We opened up debate so senators from both parties could make their voices heard. We started drafting legislation in committee again so that bills were the result of discussion and compromise instead of being dictated by Democrat Party leaders. And we got the Senate Passing real substantial legislation again a bawrkts appropriations a balanced budget, Appropriations Bills, the first major energy bill since the bush administration, the first Significant Education reform since 2002. Mr. President , im particularly proud of two bills that the committee i chair the Commerce Committee worked on a
India. Jeff bezos met with Prime Minister modi last night. Well hear from him when he addresses Congress Later this morning. Clinton wins enough delegates to become the Presumptive Democratic nominee. Is the battle between her and mr. Trump gains momentum. The market seems to be shrugging off this political uncertainty. Shares of lululemon bouncing around in the premarket after raising forecast for the year but offered a softer outlook on the current period. Well talk about whats ahead for that company. Stocks are looking to maintain their upward momentum a day after the s p posted highest close since july of last year. Oil rising to some eightmonth highs. Brent hits 52. All of that happening as david said within the politics mix. Hillary clinton declaring victory in the race to become the democratic president ial nominee winning four primaries including california where it wasnt nearly as tight, jim, as some suspected it might be. Yeah, you know, i think that people just want some sor
Larry kudlow discuss whether trump can close that gap. New jerseys Pension Fund Manager is slashing in half because of high fees and market underperformance. Hearing from the chairman coming up. A big story making the rounds here today. It will be another big wave of earnings after the close of priceline, activision, linkedin and kraft heinz. Lets start with the bank of england Interest Rate cut move and among other moves and affecting businesses back here. We have a report on the tourism industry. Steve . Pay attention. This is really down in the weeds and really interesting. Monetary policy stuff. In addition to the rate cut and more qe, the bank of England Governor Mark carney put a clever detail in to help banks, help the economy, and also, offer lesson to the federal reserve. Few are talking about it but carney exempted excess federal Bank Reserves and created by qe and when they create them, through qe, banks have to set aside capital for against them. Even though theyre totally
More bullish than two decades . Absolutely. Because the risk that youre taking is so much less than it was any time since the financial crisis. We made our big sell call at 1999 and because we saw all sorts of additional risk whether its leverage and the types of loans the banks were making and the lack of oversight now its night and day. The degree of oversight on the banks, i mean, you know, jamie dimon cant leave the building without someone watching what he is doing. What were talking about here is the amount of capital at record levels. The liquidity is at record levels. The oversight, record levels. The First Quarter it was a terrible environment but you know what, the quality of loans even with energy, its fine. Book value is still growing. These are resilient banks. Theyre banks that are becoming more one way or another and the valuations are pricing in levels that werent perceived. Does that give me upside . What generates the rally here . When youre going to see revenues have