Better sales, higher profits from our Great American companies are why this market sometimes feels like you can buck anything. Dow gaining and nasdaq advancing 6. 9 to a new all time high even as the price of oil plummeted and the president s tax plan seems like it could be a real stretch to get through congress. First let me reiterate what i said all along about the markets doing really well. Not about trump or the tax cuts or the fed or the overall economy. Im not saying washington is a sideshow, not when its all over the front pages every day. Its certainly not the main event when it comes to stocks. After listening to all the president s men talking about their one page plan to reform the tax code yesterday i was a tiny bit hopeful something could get done even as im generally skeptical of congresss ability to accomplish anything. Then if you listen to the incredible squawkbox show at capitol hill my tiny bit of hope vanished. Listening to the democrats and republicans, thinking th
[inaudible conversations] good morning and welcome to the Hudson Institute. I am tim weinstein, president and ceo and im delighted to welcome everyone here this morning. Today as they think everyone in this room knows kicks off a very critical week for the u. S. India relationship. As Prime Minister modi is here in washington for a first meeting with President Trump. Here at Hudson Institute, we are delighted to host a special event hosted on the future of the u. S. India commercial partnership and we are also grateful to our friends at cspan for covering this event live. U. S. India bilateral trade has an estimated 11,420,000,000,000, less than one fifth of the u. S. China 640 billion bilateral trade relationship. India is americas ninth largest supplier of foreign goods and 18th largest export market. The worlds first in the worlds six largest economies respectively, we are hesitant to believe there is significant room for growth. The u. S. India relationship is an important one here
I will get started in encourage everyone to congregate again. Thanks to those who stuck with us, at the 2016 cato institute. This is going to focus on the intelligence aspects. We tend to focus on the Fourth Amendment and do medicinmestic. This is really global in scale and so as a result it has implications for the human rights of people around the world but also for our political and diplomatic and economic relationships with other countries, in particular the economic interest of u. S. Businesses who hope to do business around the world. We have allen butler who will talk about the sh rerems case. And talk about cross data, in figuring out what kind of jurisdiction applies with regard to Law Enforcement. Thanks for having me. Im happy to be here today to speak with you about a new International Dimension over this u. S. Surveillance authorities, many of you probably know about the sh rere decision, it was used by businesses to transfer personal data between the u. S. And the Europea
107. 50 a share for time warner. Look where it is. Quite a bit south. In fact, down on the day largely because the markets seem to be saying this aint gone that go through. Is that the case . Market watcher john tamny, that would have been the question i would have put to both of these gentlemen that you might be confident of this deal, but im telling you, john, early on it does not appear the markets are. Whats happening . Well, how very unfortunate if the deal doesnt come through, but i think the softness in the stock price reflects the view that washington will block what should, a combination that should go through. Implicit in this desire to block at t and time warner is this view that you can predict the future of the media landscape. Well, lets look at the history of that. Block buster and media movie gallery tried to merge long ago, it was said no way, they would be too powerful for the video rental space. Netflix comes out of nowhere and wipes them both out. Do you remember th