Nikkei. Overnight in asia not good. 2 drop wrapping up what is the worst week in three years. Of course concern about china in terms of exports or lack thereof. A look at europe where we also are going to see a good amount of weakness. The follow through as you might expect from here yesterday, a day in which we saw the s p down almost 2 and the nasdaq nasdaq down 3 . Lot more than that. Yeah. Lets get to our road map this morning as you might imagine. Does start with that meltdown if you want to call it that in the markets. Stocks slide around the world. You just saw. Is this the start of a correction . The tip of the spear, jpmorgan profits disappointing. Jamie dimon confident in the american recovery. How will the banks weak results drag on the market and other financials. The flip side wells fargo profits up 14 and those shares are rising. Another bad month for sales at gap. Gap discloses a 6 drop in march samestore sales after a disappointing february. Gross margins taking a hit.
Collection, and create a framework for policy decisions. We have a full agenda, as you have all said. It is a privilege to be here, to be able to work with all you, and i look forward to doing that in the time coming7 chairman coming. Chairman wheeler, thank you for your Public Service and for recognizing our concerns. To formerl switch urn. Rwoman cliburn clyb please go ahead with your statement. Thank you. Thank you again for allowing me to appear before you today. Since our last visit, i have had an Incredible Opportunity to serve as acting chair, and im glad to note that with the support of my colleagues and the assistance of a skilled and dedicated we were able dedicated staff we were able to move a number of items which clearly advance the Public Interest. His hearing comes a critical stage in our policy continuing. Tremendousriencing technological change that affects every aspect of our lives. As we look ahead to the challenges of tomorrow, i believe it is important to and the t
President or were going to let some foreign power do it. You know who has the right to elect the american president , the citizens of this country and no one else. Men and women have died on the battlefield to protect our democracy. The least we can do is show the courage to stand up tonight and do our part to protect our democracy. With that i yield back. Gentleman yields back. Does anyone else seek recognition on the amendment . Mr. Armstrong. Gentleman is recognized. And im going to go back to the actual language of the amendment and in particular the removal from office and disqualification to hold and enjoy any office of honor, trust or profit under the United States. So at numerous points in times during todays debate have they my friends on other side of the aisle have held up a pocket constitution, waved it around. I think its interesting nobodys read from it yet and i think theres a reason for that. But im going to read from the constitution. You are joining our live coverage
Elect the american president . The citizens of this country and no one else. Men and women have died on the battlefield to protect our democracy. The least we can do is show the courage to stand up tonight and do our part, to protect our democracy. With that, i yield back. The gentleman yields back. Does anyone else seek recognition on the amendment . Armstrong. Armstrong. For what purposes buzz mr. Armstrong seek recognition . Move to strike is the last word. And im going to go back to the initial language of the amendment, and particularly the removal from office and disqualification to hold any office of honor, trust, or profit under the United States. So at numerous points in times during todays debate have they my Friends On The Other Side of the aisle held up a pocket constitution, waved it around. I think its interesting nobody has read from it yet, and i think there is a reason for that. But im going to read from the constitution. And if we want to talk about
article one, which
Fair competition is critical to a freemarket area and competition spurs innovation and assures that resources are allocated efficiently. Because the free market cannot flourish without competition, a merger that decreases competition can undermine a freemarket. Thus, antitrust laws set limits on companies. Specifically, section seven of the clayton act prohibits mergers that lessen competition or tend to create a monopoly. This is meant to strike a balance between companies freedom to organize their affairs. Two of the four legacy carriers, American Airlines, which is then in chapter 11 bankruptcy since late 2011, and u. S. Airways, announced plans to merge. It would be called American Airlines but be led by u. S. Heirs chief executive officer. Chief executive officer. This is a highly technical inquiry and the department should be guided surely by the facts and the law, not politics or ideology. The basic question the department should seek to answer is, how this mergers impact on com