dr. lynch. first, i'd like to thank chairman thornberry ranking member knit -- smith and the whole committee. as you've heard from my colleagues isil poses a serious threat to american interests, to the people of the region to our partners in the region and, of course it's extremely important to not underestimate the nature of the threat or to misunderstand the nature of the threat. i think it's important, however to not perhaps exaggerate its novelty or perhaps the magnitude of the threat. it's not -- these are not superhumans with unprecedented ability to form states or to seize territory or to inspire. the world, the world's history is full of insurgencies that have captured territory and sought to govern it by extracting resources from the local population. the world's history is full of insurgencies that have used graphic terrorism to intimidate their enemies and to insure control over their own local populations. we've seen both islamist and other ideological movements over world history.

dr. lynch, i am a little perplexed by a sentence you have in your prepared statement that says the u.s. has thus far crafted an effective strategy in responding to isil which has halted its momentum. is that the way you see the developments in the last year or so? >> thank you, chairman. yes, actually i think the way the administration has crafted the strategy as initial step has been quite effective. they managed to leverage the increased military commitment in iraq into the most important move, which was a change in government of iraq, and the removal of prime minister maliki who carried out misgovernment and corruption which lost and squandered all of the gains of the previous years by managing to then get new iraqi prime minister willing and able to reach out to iraqi sunnis, then to use air power and limited military support the momentum of isil has been halted. they're no longer able to advance. they suffered a serious defeat in kobani thanks to coalition air power. and they have now seen

dr. lynch would agree, you know, i'm not going to say there's a moderate muslim nation. we're talking about more individual people and groups than we are one nation or another. and, you know, for instance the biggest success that we had in iraq was the anbar awakening. and that wasn't a government. that was sunni tribes rising up and saying -- and you were there, you know -- >> i agree. i mean it took 50,000 more troops too. the anbar awakening was incentivized by another 50,000 u.s. american troops on the ground. >> that's a fascinating argument because the anbar awakening was a force multiplier of, like two million. >> but i mean, i talked to some of these individuals almost on a daily basis who were involved in this. i guess what i'm telling you, congressman, is that we have to be far more sophisticated, and we really do have to be use our imagination to defeat this ideology. tactically we need to go after isis, you know, and frankly, any of these other safe havens. but we have to be more so

secondly, dr. lynch, i would ask in your statement about the momentum of isil being halted, just within the last 24 hours they've taken control of the city of al-baghdadi and they're knocking on the door of the airbase where we have marines in a training capacity. how can you say that the momentum has actually been halted? >> in any civil war, those are excellent question that i really appreciate your opening comment about validating the idea that we are not at war with islam is extremely important. there's been huge debate about whether we should use the term islamic extremism or violent islam or extremist islam or those sorts of things. i fall into the school thing i don't take it matters all that much what we call them. i think this is something we concern ourselves greatly but whether we call them isil our daesh or isis or al-qaeda, i don't think it matters very much. i think this notion that it will be interesting to talk about it more but i think forming a search is not dependent, its semantics. i

so i'd like to -- probably the question would be for dr. lynch and also for general flynn, whoever goes first. i would clearly this rise of radical violent extremists didn't happen overnight. it was allowed to fester in many ways. in many ways the religious community for whatever reason, as i understand it, was allowed to preach hate and violence, and a lot of the leaders in the middle east kind of looked the other way for whatever reason. so kind of took a long time to get here, it's going to take a long time to get out of it. but let me ask you, do the statements from, for example presidential al-sisi -- president al-sisi in egypt which i found surprising but welcome, a welcome statement when he spoke to the religious community there or establishing sunni imams in the middle east who have denounced isil or islamic extremism more broadly, do they moderate or, you know counter the nature of the grievances and the threat from jihadists in the region, or are these steps having the reverse effect of reinforcing the jihadist ideology and grievance na

dr. lynch will agree. i'm not going to say there's a moderate muslim nation. we're talking a more individual people and groups that are in one nation or another. for instance, the biggest success we had in iraq was the anbar awakening. that wasn't a government. that was the sunni tribes rising up and saying, you with their -- >> i agree. it took 50,000 more troops of the. the anbar awakening was incentivized by another 50,000 u.s. american troops on the ground. >> that's a fascinating argument. the anbar awakening was a fools -- a force multiplier of like 2 million. >> i have talked to some of these individuals almost on a daily basis who were involved. i guess what i'm telling you congressman, is we have to be far more sophisticated and we really have to be come use our imagination to defeat this ideology. tactically we need to go after isis. and, frankly, any of these other safe havens but we have to be more sophisticated in our application of all the instruments of national power to be able

and secondly dr. lynch i would ask in your statement about the momentum of isil being halted just within the last 24 hours they've taken control of the city of al-baghdadi. how can you say this momentum has been halted? >> in any civil war those are actual questions and i really appreciate your opening comment about validating the idea that we're not at war with islam, extreme important. you know there's been a huge debate about whether we should use the term islamic extremism or violent islam or extremist islam or those sorts of things. i could fall in this little thing i don't think it matters all that much what we call the whether we call the isil tadej for isis -- or daish for isis i don't take it matters much. this notion that would be interesting to talk about a bit more but a think for a strategy is not dependent, i think it's semantics but i really believe that. in terms of momentum i think if you look at these kinds of civil wars there's costly going to be a surge and the flow and you'll see moveme

dr. king involved? this lynching was 1946. >> let me thank state representative tyrone brooks. i don't want to be on the show without giving him credit do. dr. king had been informed about this case. dr. king had made a commitment that after he left memphis, that he would be visiting walton county. dr. king never made it. you recall dr. king was assassinated. dr. king was always interested in this case and coming to walton county to speak out on this injustice. >> herb boyd, talk about the significance of this case and why you got involved in a documentary on it. >> they put together the story of emmett till and a push to more and more into the history of lynching. ryan stevenson has brought out the study in the connecting in terms of contextualizing 1946, a returning veteran, fought for this country to come home virtually still in uniform when he is abducted along with his wife and roger malcom and dorothy. she is seven months pregnant. so when we heard about that, keith said, let's do this one. the most powerful thing about his documentary is the reenactment that we do on that

dr. harris is with bank of america merrill lynch. we will speak to him about janet yellen.t global deflation. london and washington separated from the other economies. global deflation is front and center. john silvia from wells fargo will join us as well. also, gideon rose will join us from "foreign affairs" magazine looking at the domestic affairs of the united states. we will talk about race and racism in america. a lot coming up, francine. >> looking forward to it. thank you so much. tom keene with "bloomberg surveillance" in 25 minutes. >> we are going to be speaking exclusively about structured capital. >> you are also looking at pictures of mark carney talking about inflation. that is not mark carney. he is offering a question to mark carney. [laughter] the impact of the euro crisis does have an impact on the u.k. he has been talking about divergence in terms of inflation. >> the inflation story is interesting. they expect inflation to return to the normal area of policy within probably a year. dr. carney continues to give testimony in westminster. in the meantime, w

dr. harris from bank of america merrill lynch will be with us. we will talk about janet yellen.utures are flat. good morning. ♪ >> where were you in january 1977? that was the coldest month since time began. this is a gorgeous view, but frigid 2 degrees above zero in a frigid new york city. we have to get warmed up here in a morning must-read from brendan greeley. >> in february 1977, i was three years old living in twentynine palms, california at a marine corps air base. >> i was closing bars at three in the morning, trust me, it was cold. [laughter] >> olivia sterns for the win. [laughter] we turn to paul krugman for this morning's must-read. you are not just the house economist at wells fargo, john silvia. is there a policy fix for income inequality? >> not at the monetary policy level, no. >> let's say fewer king of america. >> i think it is education that really matters. making sure young people finish high school and study the right things. >>'s point in the essay was that if you look at masters degrees and phd holders, if you account for inflation those wages would remain

in that area there was a stark contrast between the discussion i had with miss lynch and the discussion with dr. carter. dr. carter was very clear that there were challenges in the department of defense and was also clear on some instances where he disagreed with the president direction. by contrast -- i will not get into the policy issues, i would be shocked if she had a divergence of opinions from the president. before we interviewed her, the president did. i will not judge her positions on policy, i will add this purely from the perspective of the chief executive of 100,000 person organization. i do not see someone who will recognize that there are legitimate issues to read is addressed and we need someone who will take that seriously. on that basis i cannot support her nomination thank you. >> before turning to my remarks on the lynch nomination i speak briefly about a process in considering that nomination. this domination arose during a somewhat unique set of circumstances. not only when we did the senate majority change but when a couple of new members joined the senate majority in janua

wells, a journalist and activist who led a tireless crusade against lynching in the 1890s. dr. daniel hale williams the first physician to perform and successfully complete open heart surgery on a patient in the united states. or marian anderson whose soaring voice earned her the distinction of being both the first african-american to perform with the new york metropolitan opera and the first to perform at the invitation of franklin and eleanor roosevelt at the white house. and the list goes on. but of course african-american history, which is to say american history, is much more than a listing of little known names and facts. any honest interrogation of that history means not just gathering a collection of trivia about individual americans but also engaging with the historical moments in which these people lived. which in the case of african-americans could mean grappling with the fact that many succeeded in spite of not because of the conditions of their lives in this country. or in the case of for example, one of our nation's most beloved founding fathers learning that amer

that area there was a stark contrast between the discussion that i had with loretta lynch and the discussion i had with dr. carter as secretary of defense. dr. carter was very clear that verbage challenges in the department of defense and all so clear on instances where he disagreed with the president's direction. by contrast loretta lynch, i am not going to get into the policy issues. i would be shocked if loretta lynch had a divergence of positions from the president before we interviewed her the president did. i am not going to judge her positions on policy. i am looking as is purely from the perspective, excuse me purely from the perspective of the chief executive of 100,000 person organization. i do not see someone who is going to recognize there are legitimate >> that need to be addressed and we need someone who will take that seriously. we can live to fight another day on policy differences but on that basis i cannot support nomination. thank you. >> before turning to my remarks on the loretta lynch nomination eyes speak briefly about the process in considering that nomination. this nomination of r

dr. j. >> bank of america merrill, because of all those parts put together. the merrill lynch side as well as bank of america. morgan stanley, i-like that, too. >>> coming up, bulls are chasing one stock. and the trade on the name right after the break. plus, salesforce.com spiking. the final check on the stock. we hear from the latest after the break. >>> sales force moving even higher in the after hours session, this after matching on earnings and revenue for the fourth quarter. the company also on its guidance. take a listen to what jim cramer had to say about his business in europe. >> the european numbers are way beyond everybody's expectation, jim. and you can see that some of our largest deals for the quarter came out of europe. not just amazing deals in france and certainly we have some of those with things we've been doing with schneider and axa and others, but just take a look at that german connection. and this was sales force and microsoft partnering together to show what the power is of office 365 and sales force as one system. >> it is amazing to hear him talk ab

lynch. [applause] members of congress, members of the judiciary, friends, colleagues and most importantly attorney general holder's family. his wife dron malone. [applause] his daughters maya and broke. [applause] his son, eric. [applause] his brother william holder. [applause] his sister-in-law deborah holder. [applause] nieces ashley and amanda holder. [applause] and his sister and brother-in-law margie and read. [applause] welcome everyone to this place that has been attorney general holder's home for much of his professional life. this place where as a line attorney as united states attorney, as deputy attorney general and now as attorney general of the united states, he has dedicated himself to seeking justice, to keeping our country safe and ensuring that the law is enforced equally and fairly for all. now all of you here today know our attorney general so it probably won't be a surprise to you to hear that he didn't really want to have a big farewell to do. and he in fact resisted having this event. we knew that the only way we were going to be able to strong-arm him into this was to go to a higher authority. but given that he

administration official, loretta lynch. [ applause ] members of congress, members of the judiciary, friends colleagues and most importantly attorney general holder's family. his wife drn malone -- [ applause ] -- his daughters maya and brook [ applause ] his son eric [ applause ] his brother william holder, [ applause ] his sister-in-law debra holder [ applause ] nieces ashley and amanda holder and his sister and brother-in-law margie and reed tucks. [ applause ] welcome everyone to this place that has been attorney general holder's home for much of his professional life. this place where as a line attorney as united states attorney as deputy attorney general and now as attorney general of the united states he has dedicated himself to seeking justice, to keeping our country safe and ensuring that the law is enforced equally and fairly for all. now all of you here today know our attorney general. so it probably won't be a surprise to you to hear that he didn't really want to have a big farewell to-do. and he in fact resisted having this event. we knew that the only way we were going to be able to strong arm him into this was to go to a higher authority. but given that

lynch's nomination to serve as the nation's top law enforcement officer. now, i look forward to working with dr. carter. i'm not suggesting we should hold him up because they're holding her up. of course not. he should be confirmed he should be confirmed as she should be confirmed. i look forward to working with dr. carter particularly concerning our continued diplomatic efforts in iran's nuclear program in halting and reversing the proliferation of land mines around the world in responsibly managing the pentagon and in supporting our service members at home and abroad. and i look forward to working with loretta lynch when the senate ultimately confirms her nomination as it will. the republican leader can serve the national interest by reporting her committee as soon as she is reported by the committee on february 26. she has waited longer for a confirmation vote than any attorney general in modern history and she should be confirmed just as dr. carter is going to be. i ask consent my full statement be made part of the record. the presiding officer: without objection. the senator from arizona.

lynch's nomination to serve as the nation's top law enforcement officer. now, i look forward to working with dr. carter. i'm not suggesting we should hold him up because they're holding her up. of course not. he should be confirmed he should be confirmed as she should be confirmed. i look forward to working with dr. carter particularly concerning our continued diplomatic efforts in iran's nuclear program in halting and reversing the proliferation of land mines around the world in responsibly managing the pentagon and in supporting our service members at home and abroad. and i look forward to working with loretta lynch when the senate ultimately confirms her nomination as it will. the republican leader can serve the national interest by reporting her committee as soon as she is reported by the committee on february 26. she has waited longer for a confirmation vote than any attorney general in modern history and she should be confirmed just as dr. carter is going to be. i ask consent my full statement be made part of the record. the presiding officer: without objection. the senator from arizona.