We are seeing once again some interesting divergence within the market. The dow climbed to another record and rise for the six of the past seven sessions gaining more than 1 , the s p is on his heels, almost a quarter of a percent. The lag once again is the nasdaq. Only up one third of 1 . A strategist of bloomberg estimates talk about paying attention to that nasdaq underperformance might mean that some of the rumbles we got last week in the rotation out of Technology Going into year end, that movement might not be over. Something to continue to watch their. Also, we are talking about the big deals this morning that we have been talking about scioscia for several weeks. Now it is official. Cvs agreed to buy aetna. That isading well below analyst are asking questions about antitrust approval. Particularly after the Justice Department sued to block at ts purchase of time warner. Orther instant implication more of what this is a reflection of is working broadly and health care. Take a lo
Live coverage and debate here on cspan2. A senator mr. Chairman . The presiding officer the senator from california. A senator i ask that the quorum call be vitiated. The presiding officer the senate is not in a quorum call. Mrs. Feinstein thank you, mr. President. Mr. President , you and i have been on the Intelligence Committee for a considerable period of time. I much longer than you. However, i think were both well experienced with the subject. I would like to make a few comments on section 702. For six years i was chairman of the committee, ranking for two. And what i came to see is that in my view there was no more significant content Collection Program than section 702. And i want to give a couple of examples and why i think its so important that 702 be reauthorized. A little more than a year ago on december 31 of last year, approximately 500 people gathered at a popular turkish nightclub on the banks to celebrate new years eve. Tragically, shortly after midnight, a gunman enter
They have spent a lot of time in vietnam i believe in the 90s or earlier than that as journalists for Eastern Economic review. And they both speak perfect vietnamese. I hope they dont start speaking that here. So todays topic is to discuss vietnams relations with both United States and china. Because of the flareup of the South China Sea dispute in recent years there have been a lot of questions and a lot of skepticism about vietnams alignment choices, external Foreign Policy choices. And china and vietnam apparently theyre both governed by communist party and its oneparty rule. Although could you argue that the political reform in two countries have taken different speed. So we are also eager to hear from the experts how the vietnamese domestic politics evolution also affects their Foreign Policy choices between the United States and china and how do we understand the future of these two bilateral relations. Thats enough talking from me. Ill invite dr. Pun to share with us her perspec
Welcome to countdown. Show asn the shoe oil extends its losses, Jack Osbourne says the move is welcome. The fall and oil prices is very basically a good thing for the u. K. , u. S. And europe. Up itsia is ramping economic defenses in the biggest hike since 1998, after the lostl lost 10 ruble 10 of its value in one day alone. Give us the scale here. There are rate hikes and there are rate hikes. The benchmark was 10. 5 and it is now 17 . Thursday we heard the governor of the central bank said it would raise rates from nine point i percent to 10 . Many said that wasnt enough. Itmany when im expecting and looks like she change strategy and nelly got 600 and 50 basis point and now we got a 650 basis point rate hike. You to go back to october of 1998 to find that kind of oneday slide in the ruvell. Ruble. In two dozen 15 the joke was circulating hooton will turn 63, oil will hit 63 and the ruble will be 63 to the dollar. It looks like oil and the ruble got ahead of themselves. 62, and the r
Release a statement and we could be in for a real market bruising if they dont say the right thing. That fear kept the market at bay with the dow gaining 35 points, although its up ten Straight Days on the s p. S p advance 4. 2 , nasdaq climbing, welcome back, apple. Now, i am not for a minute dismissing how important the feds has been for stocks. Lower rates have allowed companies to do exactly what youve done if you own a home. Refinance it lower levels. I dont know about you, i refinanced three times because of bernanke and cut my mortgage bills in half. And thats what companies did too. Lower rates made it possible to get housing moving again. Punching above its weight in the economy. And although we tend to judge by the new housing starts, its much bigger than that. Banks own a huge number of homes. It allowed the banks to reverse the losses in the home portfolios and giving them more money to lend and thats a continuing ongoing process. This quarter, youre going to see a dramatic