Welcome. I call this hearing of the subcommittee on homeland curator to order, this is the subcommittees first hearing of the budget cycle, and we are pleased to join chad wulf. Mr. Wolf was named after acting secretary and its thousand 19. Prior to taking on the task, he developed and coordinated strategies and policies that advanced the Homeland Security mission and protect the American Public through his later ship role in the office of shadow gee, policy and plans. He is a recipient of the Homeland Security distinguished Service Medal for his initiatives to counter domestic and international terrorism, a safeguard american interests throughout the duration of his career so, thank you for that. Im glad to be joined by our seven queen is Ranking Member, senator tester. We are continuing to the fiscal year 2021 budget request and look forward to further insight today from you, mr. Secretary. Very pleased to be joined by the Ranking Member of the full committee, senator leahy, as well.
Check out the shares of five below. We will tell you how low below could go power lunch starts right now and check out where we stand on the s p and nasdaq both in record territory not there just yet still below the key 29,000 level that it hit on friday. Thank you very much, everybody. Earnings season b, thats going to be your top macro story the next couple of weeks it is kicking off in a big way with big banks set to report tomorrow and this could be in some ways a make it or break it for stocks as a whole because earnings are expected to drop on average 0. 7 if they do, that will be the second straight quarterly decline. Back to bob at the nyc its not so much theyre down 0. 7 for the Fourth Quarter thats a concern for the markets because thats largely priced into the market and if we go where we normally go, that wil come up. Well end up to about 2. 5 overall. Its these numbers First Quarter and second quarter. They were much higher a few months ago while its typical for numbers to
This is bloomberg surveillance. These are what the markets are doing. U. S. Stocks and bonds closed today too today due to president s day. We are edging up a bit with buoyancy on the market on the backs of investors taking encouragement from china. They will do more to support their economy which is why we in gold down and yen down. That is a good litmus that we are on a risk on. Spoke the yousef managing director of the imf about the outlook on the Global Economy and the active the coronavirus. All hear from the interview early. First, let leanne erin. Leanne japan is it possible for sex after taking another battery the sales tax hike in the last and that economy at the low end as the coronavirus it activity drunk 6. 3 in the final three months of the year. That would be the biggest slide since the previous tax increase in 2014. Tensions between the u. S. And europe over huawei ramped up another notch this weekend. The u. S. Ambassador to germany tweeted a warning to countries that u
On the Artificial Intelligence conference here in washington d. C. They discuss how best to create an Artificial Intelligence work for a second address the defense means of the u. S. applause what good afternoon everyone, so as we settle and i often pick a word for the day, it kind of governs how i conduct myself oftentimes and just my frame of mind, but today im gonna pick and imagine if you look at your screen one of our commissioners shared with me, shared with me this image and i think it really sets the tone in this stage and underscores the importance of why we are here and of course the significance of this panel, now this is a chinese book for kindergartners peace and circle even if you dont speak chinese, circle are two letters they, kindergarten saying i spoke i, think the senator talked about tooling ourselves and getting ready for grade school to a grad school, now are talking about kindergarten or even prek if are going to keep ahead and really stay number one when it come
applause what good afternoon everyone, so as we settle and i often pick a word for the day, it kind of governs how i conduct myself oftentimes and just my frame of mind, but today im gonna pick and imagine if you look at your screen one of our commissioners shared with me, shared with me this image and i think it really sets the tone in this stage and underscores the importance of why we are here and of course the significance of this panel, now this is a chinese book for kindergartners peace and circle even if you dont speak chinese, circle are two letters they, kindergarten saying i spoke i, think the senator talked about tooling ourselves and getting ready for grade school to a grad school, now are talking about kindergarten or even prek if are going to keep ahead and really stay number one when it comes to ai so i just wanted to start with this image because again for me and underscores the urgency of why this commission was formed and why you think and no its so and fit aboard and