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Melt away. All three major averages were at record highs early in the session. The russell 2000 late the declines. 5 . Caps down with the catalyst for this pullback today . What was the catalyst for gains earlier in the session . We did have earnings reports that came in stronger than estimated that there has been this continuing momentum trade where we just see more and more traders piling on including more participation from retail investors. Now it seems that is turning at least for the moment as we head towards the close of todays session. I noticed the 10 year yield. Earlier in the session we had seen it lower. Only by a small amount. Now we are seeing it unchanged. At one point it has been up slightly. A little bit of rejiggering in today in the major averages and other assets as well. At the groupsook on the move and was responsible for the pullback. We have real estate that has been strong throughout the session. Positive analyst commentary on the tower operators has sealed tha ....
Committee of the whole house on the state of the union for further consideration of h. R. 2936 which the clerk will report by title. The clerk a bill to expedite under the National Environmental policy act of 1969 improve Forest Management activity on National Forest system lands, on public lands under jurisdiction of the bureau of Land Management and on tribal lands to return resilience to overgrown, fireprone forested lands and for other purposes. The chair when the committee of the whole rose earlier today, a request for a recorded vote on amendment number 7 rinted in house report 115378 offered by the gentleman from new mexico, mr. Pearce, had een postponed. Pursuant to clause 6 of rule 18, proceedings will now resume on those amendments printed in ....
Audit of u. C. Revealed 175 million in hidden funds. We talked with republican state assemblywoman catherine baker, vice chair of the Higher Education committee, one of three committees that held the joint hearing on the audits findings. Kqed senior politics editor, scott schaefer, has more. Senator baker, thanks for coming in. Scott, good to be here. Lets talk about the audit. Janet napolitano was on the hot seat in sacramento this week. What troubles you the most about the audit, the findings, and how she responded to it . Sure. The audit had many troubling findings. First was the undisclosed offbudget funds that was not disclosed to the region, either the spending or its existence. And that that fund was being amassed or built up within the office of the president at the tame time they were asking for tuition increases from students taking campus assessments away. Dollars that could have been spent on our california students. ....