Of state orPolitical Military Affairs who spoke on the administrations decision to declare a state of emergency within arms sale to saudi arabia held by the Senate Foreign relations committee, this is an hour and 40 minutes. The committee will come to order. Thank you all for being here today and today were going to discuss the recent Emergency Declaration regarding us arms sales. The start we should recognize and acknowledge that the law contemplates and indeed requires a partnership between the executive branch and the legislative branch regarding arms sales. This committee plays an Important Role in conducting rigorous oversight of the issue. The same time, the law does grant the President Authority to conduct sales without congressional approval in times of emergency. Well be focusing on that issue. This hearing will focus on these rules andauthorities. We must consider the context for this latest declaration, namely active threats on iran and its proxy and our partners capabilitie
Interesting to see what effect this has on the markets. We have about four days left for you to get your portfolio in order for the final close of the year. Francine i do not know what we do, whether you bet on policy at top you listen or these indices going higher populism or whether these indices go higher. Found one ofa has the flight recorders from the military plane that crashed in the black sea. All 92 people were killed. Officials say the crash was unlikely to have been caused by terrorism. President elect donald trump is questioning the effectiveness of the United Nations. In a tweet he wrote the yuan has Great Potential but has become a club for people to have a good time. Pledging to work for a ceasefire in syria. Turkish Authorities Say they betweenilitate contact the Syrian Government and the opposition to end the civil war. To seek a truce in syria and hold peace talks. In germany, a new poll shows they believe 50 believe Angela Merkel will be able to deal with the problem
Looking at closing record highs in the s p 500 and nasdaq to the nasdaq trading at an alltime high see the down at an alltime high. The dow lacking a little. The big story is whether or not 20,000. Can achieve we have been watching for that for some time. If it happened last week, it would have been the fastest 1000 point rise for the dow since the 2000s. Now, it will match the fastest streak in 1939 of 35 calendar days. We will watch if that will happen. There is risk on the markets with stocks trading higher. Oil trading higher for its seventh day in a row. Since opec and not affect cut supply barrels. Gas and gold trading higher. Looking at the 10 year yield, it is housing having its biggest spike in about two weeks. This is represented in the red. Three basis points. This matches the risk on pictures asked stocks rally and bonds are selling off. Vonnie i will actually take it from you because they are still on vacation in london. Boxing day holiday. Thank you. Mark will be back wit
1 . The german dax is up about two tents of a percent and the cac 40 up. It is 90 minutes into these training sessions in the u. S. Now. Abigail doolittle has the latest. Abigail we are still looking at advertise. The dow at 5500 and nasdaq all trading higher. The s p 500 and nasdaq are on pace for record closing highs. The nasdaq is sitting at an alltime high for today. It is not onar but for a record closing high. We are watching whether or not the dow can carve out 20,000. If that happens it will tie for the fastest climbing history. We have some strength in the retail sector. Up. S p 500 retail index chelsea Advisory Group says holiday sales are on track or even perhaps poised to beat estimates. We also have amazon trading higher. It is on for its best day and two weeks and amazingly, amazon shipped one billion items over the holiday season. That is amazing. Another amazing factor on ecommerce and amazon. Amazon, between november 1 and december 16 accounted for 16 of ecommerce sale
Financial news with aaron. And World Business report. A new clear nightmare 3 billion wiped off the value of the japanese tech giant toshiba, after it buys a us Power Business that turns out to be not so powerful. Beating the giants at their own game we visit the man who couldnt wait for the Electronics Industry to come up with usable Smart Home Solutions so, he built his own. Welcome to World Business report. Im aaron heslehurst. Well, happy. What do you say between christmas and new year . Anyway hopefully we have a bite size look at finance. Shares of the Japanese Technology giant toshiba took another massive hit this morning falling 20 thats the maximum allowed before the Stock Exchange suspends all trading. The value lost off the company today is nearly 3 billion. This follows a 12 drop on tuesday. And its all to do with a not so good purchase toshiba made in the Us Nuclear Power industry. Mariko 0i is in our Asia Business hub in singapore. Good to see you and i hope you had a won