By webinar let me remind everyone that pursuant to the latest guidance come all individuals attending in person must wear a face mask. And i am wearing mine except to make this statement. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders to those members appearing in person. Well, actually they are not. I time is visible in the room directly in front of you. For all members appearing remotely, i know you are familiar with the webex pineapple that they remind everyone of a few points. First you will be able to see each person speaking during the hearing whether they are in person or remote as long as you have your webex set to active speaker view. If you have any questions about this please Contact Committee staff as soon as possible. Second, we have a timer that should be visible on the screen when youre in the active speaker with thumbnail view. Members who wish to pin the timer to their screens should Contact Committee staff for assistan
Indeed we will. Lets get a check on the markets which are looking a little better than they did earlier. Were narrowed the gap trying to turn green again like we were briefly were at the top of the session. The dow is down seven points and the s p 47. The nasdaq is down 22. Shares of gm moving lower this afternoon on reports from the wall street journal. Its not about the strike. Its that at least 20 million vehicles potentially have dangerous airbag parts. Those shares off the lows down 2. 5 . On to another automaker in the red, how about rivian down nearly 20 now after announcing 1. 5 billion convertible bobbed sale and issuing disappointing guidance. Those shares have been steadily moving lower. They are under 20 today, and clorox also lower after weak guidance. Much more on this companys woes ahead. 6 drop. This one, tyler, moving a little bit off the session lows. Finally, a new study revealing weight loss drugs like wegovy and osemipick may lead to stomach paralysis. They could b
Story. The democrats are concluding on the wrong side of this. Here we are in the biggest oil and gas revolution in the history of the world and we are talking about windmills. Republicans have to talk about pipelines. They have to talk about something you talked a lot about which is overturning the ban on the export of american oil and gas. One other thing larry they have to take on the radical greens in this country that are antigrowth antidevelopment and antiprogress. If you do those things this can drive a real expansion. I was thinking the guy who is weakened over the decline in oil prices is close to a nervous breakdown right now. Its flat and mayor putin. There are a lot of scholars here so correct me if im wrong. Im not a foreignpolicy guy but if Vladimir Putin goes down with that not be a good thing for america . Correct me if im wrong. Its very naive about these things. Isis gets 5 million a day from petrodollars. We can define their enemies. I know they want market share. Ni
The most important form of job creation of startups what is going on . Thanks to the heritage addition i appreciated. I think when Highschool Students 100 years from now garner about economics there will hear about John Maynard Keynes and art laugher absent a. And then to go into permanent decline. I read a lot about what is going on. I use google and facebook did were doing great. With web applications. Looking at the numbers of a steady erosion of the startup the past 30 years. With big box Retailing Stores that is not so good for momandpop but it is for consumers. They get paid higher wages in than people get less expensive goods. That could explain part of it. To see a decline not only of startups with the hightech startups overall which was the Fastest Growing Business Consultants call a fast growing firm. That is worrisome because not only do they create a lot of jobs but innovation whole over the past 20 years the startups have the important function with Big Companies. You can
Degree turn in testimony today . In september he said it was videos and spontaneous demonstrations. Today he said the cia knew all along it was a terrorist attack in libya. This story gets worse and worse, more and more complicated and we are going to parse through it. First up, with the fiscal cliff only 45 short days away, are we facing a stalemate or is there a new kissy huggy era coming to washington, d. C. . Weve got two kissy huggy cnbc contributors. Jared bernstein, former Vice President , biden chief economist, and kissy huggy Jim Pethokoukis of the American Enterprise institute. Jimmy p. , i love this New Washington picture. And i dont want to be pessimistic. I want to be optimistic. Maybe they can make a deal. But heres what i worry about, jimmy. Heres what i fear. The republicans are conceding that theyll give a revenue a tax revenue portion by limiting deductions. But i dont see any spending cuts. The sequester has been called off. Mr. Boehner would like a down payment on e