there are a lot of expiring provisions. and this goes back to the very first tax paper that i wrote, that i coauthored with a guy at the table over there. and we wondered about how firms should think about future tax policy. because it is expected future tax policy that matters. and expected future tax policy of course isn't observable. and our identification idea back in the day is still brag on what i thought was a clever idea. that after the '86 act they phase in changes. so we thought it was reasonable to say the tax policies was the phased this thing because people would surely expect there wasn't be a reversal of the '86 act within the next three or four years. and someone over there concurs. so i think, let's just be economists for a minute, as we model capital spending right now in can tis pags of the future tax policy, then there is stuff like the expensing that expires. and for those of you keeping score at home, that expiration shows up in the delta gamma term in the use of cost which means it is like having an i

date of expiration. date of expiration. when she received notice of the error she fixed it and sent the application back immediately. by then the arbitrary october deadline had passed. what kind of -- another reason why we need to clear this up. crystal, just crystal, is a single working mom of five u.s. citizen children. she was born in the bahamas and arrived in the u.s. at 6 years old. crystal had hire fifth child only three weeks ago. she had been on unpaid leave from her retail job. now her work authorization has expired she will not be able to return to work and her ability to provide for her kids will be impeded. what? carlos of the bronx. carlos lives in the bronx and undocumented member of her family. they care for carlos' younger sister who has severe cerebral palsy. his company wants to desperately keep him on as a employee. his daca expires february. carlos sent his carlos sent his daca renewal application on september 18, 2017. two weeks after the president's announcement. but it was not rec

january 20 -- already expired january 20. because of this she will have to take a semester off from school and she is facing disruption in her life. this is really important to note because the people -- some of the people in the white house have been saying, nobody's being deported. well, we'll see about that. but they're saying these people are protected. they're not protected. and you heard the characterization that the president's chief of staff made about some of these people, about being lazy or whatever it is. i think our discussions on the economy in a separate context we've seen how few americans would be able to rise to the occasion immediately if they had a $500 unsuspected bill that had come their way. whether their water heater broke or whatever it is, it will be challenging. it would be disruptive to their lives. it would be hard for them to have an expendable -- immediately expendable $500. but that's what it takes to sign up to what the president -- signup that was required by the president after his september

ll time has now expired. the question is will the house suspend the rules and pass the bill h.r. 4934, as -- 4924. those in favor will say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid upon the table. for what purpose does the gentleman from mississippi seek recognition? mr. harper: mr. speaker, i move that the house suspend the rules and agree to house resolution 724, requiring each employing office of the house of representatives to adopt an anti-harassment and anti-discrimination policy for the offices workplace. the speaker pro tempore: the clerk will report the title of the resolution. the clerk: house resolution 724, resolution requiring each employing office of the house of representatives to adopt an anti-harassment and anti-discrimination policy for he office's workplace, establishing the office of employee advocacy to provide legal assist

search the gentleman's time has expired. for what purpose does the the gentlewoman from minnesota seek recognition? ms. mccollum: to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentlewoman is recognized for one minute. ms. mccollum: mr. speaker, i rise at that urge the immediate elease of two journalists. who have been imprisoned in burma for their fearless reporting on the atrocities being perpetrated against the a hingea. the ethnic cleansing of the row hingea has shocked the conscience of the world, in part because of the important public testimony reard by these two journalists. in december they were invited to meet with the police. they were handed documents by officers they had never met before, and they were immediately arrested. under object sur clone -- bscure colonial era law. the refusal to grant them bail is highly irregular. it seems obvious that the only purpose of their continued detention is to chill the independent media in burma. mr. speake

the speaker pro tempore: the gentleman's time has expired. the gentleman's time has expired. for what purpose does the gentleman from texas seek recognition? >> unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection. mr. smith: mr. speaker, house intelligence report found shocking abuse of surveillance y the f.b.i. the premiere law enforcement agency of the federal government wrongly took sides in a presidential campaign. report confirms that f.b.i. officials sought to influence the 2016 election. unsubstaniated opposition research paid for by the clinton campaign was wrongly used as a basis to wiretap a trump campaign official. justice department and f.b.i. employees were trying to influence the outcome of the presidential election. to borrow a phrase from intelligence committee chairman nunes, this quote happens justice department and f.b.i. employees were trying to influence the in banana republics, end quote. it should never happen in a democracy. it would be underst

my time has expired. >> time of the gentleman has expired. chair recognizes from new york miss ma loany. >> thank you. projection is 3 interest rate increases in 2018. what would cause you to raise rates more than three times this year? would you have to see a material increase in inflation? faster gdp growth? higher wage growth? what would cause you to raise rates more? >> thank you. you are right, every quarter, each participant submits projection what they feel is going to happen in the economy, and also their projection for appropriate monetary policy. and at the december meeting the immediate hand called for three rate increases in 2018. now since then, we will submit another projection all of us in three weeks. but since then what we have seen is incoming data that suggests a strengthening in the economy, we have seen continuing strength in the labor market. we have seen some data that will in my case add some confidence to my view that inflation is moving up to target. we've also seen continued strength around the globe. and we have se

>> kevin, there are lots of expiring factors in the 2017 bill. a lot of things expire after 2025. how should we think about the administration's position that -- what is supposed to happen after that? is the idea that they will be extended, and if so, how do they make up for the tax revenue from that? if they are not supposed to be extended, then why do we have them in the first place? mr. hassett: there are a lot of expiring provisions. this goes back to the very first text paper that i wrote and co-authored with a guy at the table over there. we wondered about how firms should think about future tax policy because it is expected future tax policy that matters. expected future tax policy is not observable. our identification idea back in the day was that after the 86 act that it makes changes. we thought it was reasonable to say that future tax policy would surely expect that there were not be a reversal of it within the next three or four years. someone over there concurs. [laughter] i think as we model it, let's just be economists. as we model capital spending right now in anti

now my time has expired. >> time of the gentleman has expired. the chair now recognizes the gentle ladyfrom new york, ms. maloney. >> thank you. chairman powell, the fed's median projection is for three interest rate increases in 2018. what would cause youto raise rates more than three times this year? would you have to see a material increase in inflation, faster gdp growth, a higher wage growth? what would cause you to raise rates more? >> thank you, ms. maloney. you're right that every quarter, every participant in the fomc submits a projection of what they feel is going tohappen to the economy and also their projection for appropriate monetary policy and at the december meeting, the median participant called for three rate increases in 2018. now since then, we will submit another projection, all of us, in three weeks but since then, what we've seen is incoming data that suggests that strengthening in the economy. we've seen continuing strength in the labor market. we've seen some data that will, in my case, add some confidence to my view that

>> time of the gentleman expired. recognize mr. sherman. >> general powell, welcome. as the chair points out, you're required to be independent and accountable. you're also required to be tall and short. your opening statement mentions great exports but you don't mention that our trade deficit has gone up by $60 billion in the last year. and i would point out that the entire economic establishment in this country has made it almost prohibited to discuss the trade deficit and that's why we elected, that's why the country elected donald trump president. now, the chair of the subcommittee boasts that we had a good economy in 2017. he's right. we had obama's fiscal policies, obama's tax policies, obamacare, dodd-frank, janel yellen and her big balance sheet and had a great year. as a matter of fact, we have been on a roll since 2011. we were closing in on having a high enough employment rate so we would have a labor shortage and higher wages. we were going well. and so instead of continuing to be on a roll, we've b have a

my time has expired. >> time gentlemen has expired the chair now recognizes gentleman from indiana mr. holli ngsworth and informs all members a vote is currently pending on the floor. >> well i appreciate you being here and have heard great things about the testimony that you've given so far so looking forward to opportunity to continue to interact with you and work with you in supporting the fed's stated goals. i wanted to ask some questions i hear a lot about in district which is you know as we continue to see unemployment tic lower and lower one of the questions i get a lot is why aren't we see ing more wage growth across the country and what's constraining some of the wage growth that maybe happening as we tend to push down unemployment and whether that reflects on the phillips curve is in theory somehow incorrect or whether it's kinked and non-lynn area curve or what your views are on that. >> there are two ways to think about it one is for wages to go up you need higher productivity and we have very low productivity since the crisis and it's offing about .5% per year so we need

appreciate you being here. >> time has expired. today we welcome the testimony of stephen the nation, united states secretary of treasury. as previously testified before committee so i believe he needs no further introduction. without objection your written statement will be made part of the record. i wish to inform members that we do expect a vote to interfere with her here in midmorning. the secretary has agreed to stay until 130, the customer three hours. you're now recognize for five minutes to give an oral presentation. >> thank you. thank you for inviting me today. one of my top priorities is sustained economic growth of the american people. i'm happy to report the growth of the economy over the pasture was higher than the average over the prior 20 years and included three straight quarters of 2% higher gdp. the president promised robust growth and he's delivering. how to talk about the financial stability 2013 annual report. it's important vehicle to provide you with the recommendations relating to regulatory developments an

my time expired. >> time of the gentleman has expired and recognizing a gentleman from indiana. a vote is currently pending on the floor. >> i appreciate you being here and heard great things about the testify you have given so far. i look forward to the opportunity to work with you. i want to ask you questions about district. as we continue to see unemployment take lower and lower one of the questions i get is why aren't we seeing more wage growth across the country and what is constraining some of the wage growth happening as we tend to push down on unemployment? whether it reflects on the philip curve is incorrect kinged or non-linear curve, what are your views? >> for wages to go up, you need higher productivity. wed low productivity sins the crisis and averaging about 4.5% per year. but maybe more relevant, as you get this close to full employment, you would think that there will be some tightness in the labor market and wages getting up, we're going to be looking at that as one of many ind cay tors of where it is. i would expect to see more increases in wages and i do expe

my time has expired. the chair roycecognizes the rang member. >> per sunlt to clauss d 4 of committee rule 3, i request to question the witness an additional five minutes. >> the ranking member is recognized for ten minutes. >> thank you very much. i first like to ask about the subject of my most recent letter which is your department's role in section 231 of the countering america's adversaries through sanctions act. congress passed this law on a broadly bipartisan basis with the clear objective of punishing russia for the brazen attack on our democracy. mr. secretary, do you believe our intelligence agencies as they have said to us that russia did hack into our dnc and undermine our democracy? do you believe that to be true? >> again, i will broadly say i do believe in the intelligence assessment. i want to refrain from comments specific that are classified. but, yes, i broadly believe in the assessments. >> even the findings section of the law explicitly references the intelligence community's finding

. >> my time long since expired.he chair now recognizes the ranking member for five minutes. >> thank you very much. chairman powell with permanent voting seat on the fomc and role in supervising some of the most largest and complex financial institutions in the country, the president of new york federal reserve has one of the most important economic policy-making roles in the nation. as you know bill dudley will step down this year and the search for his replacement is underway. historically the new york fed's close proximity to wall street has led to the selection of an individual with close ties to the financial sector. in your view how important is it that the individual chosen is a diverse candidate with demonstrated independence from wall street and a strong commitment to the fed's maximum employment mandate and regulatory responsiblities? what steps is the board taking to insure that candidates from diverse gender, racial and ethnic background are given due consideration? if diverse candidates are not importan

exactly the same, and it's not inconsequential that the current continuing resolution, i believe, expires at midnight tonight. so the senator from kentucky, by objecting to the unanimous consent request, will effectively shut down the federal government for no real reason. i know he wants to make a point. he has that right. i agree with many of his concerns about deficits and debt, but we are in an emergency situation. we have our military that's not ready to fight and win our nation's wars the way it should be. we have military members who have died in accidents as a result of the lack of training and being stretched too thin because of -- because of budget cuts, and we need to fix that. general mattis has pointed out that more american military members have died in training accidents and in regular operations than they have in combat. that's a tragedy that i would hope that all of us would want to address. and then, of course, there is the disaster relief that helps people who were victimized by hurricane harvey, hurricane maria, the wildfires out west, hurricane irma, and that's an eme

it probably also has to do with, sorry. >> time has expired. the chair now recognizes the gentleman from maine >> thank you, chairman, very much and welcome chair powell. it's wonderful to meet with you again. i know it's your first time before us. thanks for being so direct i represent probably the most stunningly beautiful part of the world. rural maine. if you haven't been there, we are blessed with such natural beauty we have 3600 miles of breathtaking coastline thousands and thousands of lakes and ponds and hundreds of miles of rivers and streams. we're also called vacation land. you look like a fella that needs a vacation if you have a problem, call up our office and we'll help you out. when you go on your maine vacation, it's a great time to go if you like snow mobile or the summer, you're going to find the rural part of maine mostly, that we have a lot of shut down factories and mills. when i was a kid growing up, we had maybe two dozen paper mills. we have six left and they're healthy. you look at a lot of our textile and tanneries and

. >> time of the gentleman has expired. the chair now recognizes the gentleman from minnesota >> thank you, chair. thank you, chair powell, for being here good to see you again. i want to go back to something that i think was touched on when you began your testimony this morning. during your confirmation hearing you spoke about the importance of tailoring regulations to fit the specific scope and practices of a financial institution i think your quote was actually even as we have worked to implement improvements to the banking system, financial system, we have also sought to tailor regulation, supervision to the size and risk profile of banks, particularly community institutions i just want to make sure that your view on continuing to tailor regulations to the specific institution has remained the same. you're still committed to doing that zbl >> very much so. it's at the heart of what we're doing which is to focus on smaller institutions and without losing in i safety and soundness, make sure that our regulations no more b

let's say at march expiration it's at 150. implied volatility or the value of that option is going to increase dramatically. you have a decision to make. if the stock tops tomorrow and goes up, that put is going the lose a lot of value here and you are going to be able to take in that premium to me, this is a high probable to make a little money the options market saying there is almost an 80% probability you make money. >> you sell that put, you are willing to buy the stock for 148. if you have the stock put to you at 148 and volatility remains high, you can sell calls in that until you get called out and go into this process and spend time collecting premium there haven't been a lot of places to collect premium or collect yield in the marketplace for the last couple of years now we are seeing some signs of. if there is something positive to take out of today that's it. >> you were long in this stock and you were thinking about adding to it this is a great way to add yield to that position if you are long in the stock i like

you can look out to march expiration, six weeks away and sell the 150 put at $2 you are going to take in 1.25% if the stock is above 150. to me i like this as nibbling an apple. after the news is out and getting ready for what should be a better new cycle in april. here's the thing worst-case scenario, below 150 on the contract short, you are long 100 shares of stock >> it's interesting in apple in particular because of course they have $165 billion in net cash on the balance sheet. what is interesting about that, as the stock begins to decline and the ever larger percentage of the market cap is a big pile of cash, that creates a pile of cash underneath it, which is why i like selling puts in apple when volatility goes up because actually in a name like that, cash doesn't have much volatility in an environment like this. the implied volatility should be coming down. i like this trade a lot. >> i think it bounces on monday. >> bounces on monday >> that's my hunch we have come down fairly quickly. it is at two or three times the rate of the market it is a lower beta stock than the marke

in sepmber, 2015, his deferred action was expiring. he set an appointment to renew his status and was beginning to save his money to pay for the associated fees. around this time, a small family emergency arose among his brother -- among his mother and her family in mexico. but a fatal misunderstanding of the protections afforded by daca, he and his family felt he was in the bestings to to travel to mexico and still be allowed to return to the united states. unfortunately, he and his family did not have a strong understand of how our immigration current system currently works. as a result, two years after the senate voted to protect dreamers, joel was now stuck in mexico, a country he does not know, with his girlfriend and life partner an american citizen he has no intention to break our immigration laws and would never have been in this position if this body had simply done its job back in 2013. his story illustrates the cost of our dreamers and reminds us we must now take action now to protect dreamers. this is a very -- in the an un

the speaker pro tempore: the gentlelady's time has expired. the gentlelady is recognized for one minute. ms. delauro: cutting $3 billion from the prevention fund over the next 10 years on top of the $750 million they cut in december. we are talking about cuts to programs that improve our public health immunization infrastructure. at a time when the flu is rampant in this country, as well as cuts to lead poisoning prevention programs that seek to prevent and ultimately eliminate childhood lead poisoning. programs like these and others in the prevention fund save billions of taxpayer dollars to prevent the disease before think occur. you put health care centers, community health centers, you pit them against he the prevention fund. take the money. take the money from the $1.5 trillion that you gave to the richest people in this country, the millionaires, the billionaires, and the richest corporations. don't take it from children's health. don't take it from the health care centers and don't take it from the prevention fund. it's unacceptable bec

the chair: the gentleman's time has expired. mr. goodlatte: i'm pleased to yield an additional minute. the chair: the gentleman is recognized. mr. peters: specifically we'll have a provision for plain language notice which is an improvement. 120-day clarification instead of 180. and a better definition of what substantial progress means. . i think we can continue to improve the bill and i will work with my colleagues. i'm certain doing nothing is the worst response. i urge support of this bill. i thank you, mr. chairman. the chair: the gentleman from new york. mr. nadler: mr. speaker, i now yield two minutes to the gentlelady from texas, ms. jackson lee. the chair: the gentlelady from texas is recognized for two minutes. ms. jackson lee: because we are talking about needs this morning -- and i thank the gentleman from new york. let me offer my deepest sympathy having seen mr. deutch in florida for the tragic loss of our children. i rise today to be able to speak for those who cannot be on the floor today or many of those who cannot

northern bucks and montco, the southern portions of those counties may expire sooner. may stay up until this evening. in the purple highlights counties take it slow on foot and behind the wheel for the rest of the afternoon and into the evening. here is what to expect. rain is coming and arriving now in philadelphia. some of it could be heavy, the situation where it's slow to melt especially north of philadelphia and in the northern and western suburbs, the icy precip may linger into the evening in some cases. we'll come back inside in a moment and talk about the seven-day forecast, a call for the big parade tomorrow and all of this will be out of here but you'll want to have coats. >> thank you david. conditions were worse the farther north and west. in lehigh valley county where speed restrictions were in place because of the dangerous driving conditions. it snows for hours. it made for a slick commute. >> i'm terrified of driving in the snow. i'm sick it of. no traction. slick. be respectful, slow it down. >> after sunrise a mixture of snow and ice, that made the co

we find ourselves in a position in which the government spending authority is set to expire in just a few hours. we've known this was coming for weeks, just like we did with the last continuing resolution and the one before that and the one before that. as it was once observed we are living in a number of necessities. every time we approach this as if it were somehow going to be different this time, we quibble from time to time about this or that policy, we quibble from time to time about the price tag. sometimes we're so focused on the policy and the pricing that we forget about the process. and it's primarily to this subject, the process, that i'd like to turn my attention for the next few minutes. you see, the process is important around here. we come from different backgrounds. we come from different states representing i -- diverse intert across the country. we are not going to agree on everything. there are areas where we strongly disagree. that's why we have processes. the constitution itself is all about the process. the constitution is agnostic as to the substantive policy ou

the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from montana seek recognition? without objection, the gentleman from montana is recognized for one minute. mr. gianforte: mr. speaker, i rise today as a proud bobcat to recognize montana state university, which is celebrating its 125th anniversary tomorrow on founder's day. montana state, a lapped grant university, in -- land grant university in my hometown, was formed in 1893. originally the agricultural college of the state of montana, the school started with eight students in a small classroom in a local high school. the college quickly grew to include many other degree paths, including engineering and nursing. two programs for which the school's particularly known. today montana state serves over 16,000 students each year. this year's spring enrollment set a new record for the 10th year in a row. montana state is a corner stone of the bozeman community and we are fortunate to have such an institution in our state. the fact is the success of my b

the chair: the gentleman's time has expired. mr. goodlatte: i'm pleased to yield an additional minute. the chair: the gentleman is recognized. mr. peters: specifically we'll have a provision for plain language notice which is an improvement. 120-day clarification instead of 180. and a better definition of what substantial progress means. . i think we can continue to improve the bill and i will work with my colleagues. i'm certain doing nothing is the worst response. i urge support of this bill. i thank you, mr. chairman. the chair: the gentleman from new york. mr. nadler: mr. speaker, i now yield two minutes to the gentlelady from texas, ms. jackson lee. the chair: the gentlelady from texas is recognized for two minutes. ms. jackson lee: because we are talking about needs this morning -- and i thank the gentleman from new york. let me offer my deepest sympathy having seen mr. deutch in florida for the tragic loss of our children. i rise today to be able to speak for those who cannot be on the floor today or many of those who cannot

ll time has now expired. the question is will the house suspend the rules and pass the bill h.r. 4934, as -- 4924. those in favor will say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid upon the table. for what purpose does the gentleman from mississippi seek recognition? mr. harper: mr. speaker, i move that the house suspend the rules and agree to house resolution 724, requiring each employing office of the house of representatives to adopt an anti-harassment and anti-discrimination policy for the offices workplace. the speaker pro tempore: the clerk will report the title of the resolution. the clerk: house resolution 724, resolution requiring each employing office of the house of representatives to adopt an anti-harassment and anti-discrimination policy for he office's workplace, establishing the office of employee advocacy to provide legal assist

. >> time has expired and now the chair recognizes the gentleman from wisconsin the ranking member of the subcommittee for one minute. >> thank you so much mr. chairman and thank you chairman powell for attending today. i look forward to your testimony and getting to know you. you're taking over the federal reserve at a precarious time and your predecessor talked about -- i'm interested to hearing if that's an emphasis in increasing rates or unwinding the portfolio. your tenure comes at a time when the gop tax bill will make your task difficult. as changes to health care may increase inflation for coverage. the gop tax bill is a wind fall for shareholders that will untether the real economy as distinct from wall street leaving you stuck from competing problems. and growing bubbles with minimal room to lower rates if necessary. i guess we should thank dodd/frank and we should hold on for a bumpy ride. i hope your term is successful and i look forward to your testimony and i yield back. >> time of the general lady has expired. today we welcome the testimony of jerome powell. this is the

the speaker pro tempore: the gentleman's time has expired. the chair would remind the house to come to order. if you feel the need to have a conversation on the floor, please take it off the floor. now the gentlelady from -- the gentleman from new jersey reserves. the gentlelady from new york is recognized. mrs. lowey: mr. speaker, i am very pleased to yield two minutes to the gentlewoman from new jersey, mrs. watson coleman. the speaker pro tempore: the gentlelady from new jersey is recognized for two minutes. mrs. watson coleman: thank you, mr. speaker. thank you for yielding to me. mr. speaker, the speaker of the house is supposed to be the speaker of this entire house. and the entire will of this house and the democratic side and the republican side is to pass a daca bill. but we are running out of time. instead of following the bipartisan consensus of the majority in this house, this speaker is yielding to the will of the majority party's anti-immigration fringe unilaterally. and that fringe, that fringe is led by this president. we cont

we have had some amber warnings and those have expired but that is left us those have expired but thatto yorkshire as well, snow showers are continuing. through the rest of this week there'll be some more severe weather. more snow warnings and travel disruption as likely as there'll be a significant wind—chill as well. if you thought it was cold enough right now just as well. if you thought it was cold enough right nowjust prepare yourself for tomorrow because the beast from the east will be combined with the much stronger easterly winds which will make feel much colder. we've seen quite a few snow showers early on and temperatures are barely above freezing in most places. particular across more eastern parts of scotland and eastern parts of scotland and eastern england there will be a few showers further west but not as many. some clearer skies here. the snow we've seen across the channel islands probably running across to clip southernmost devon and cornwall as well. tomorrow, the focus of the heaviest snow shifts further north. this is where we have an amber snow warning from the me

nasa to begin focusing on human space expiration. the truth of the matter is, the rubble inspired my youth. i will never forget the moment. i thought my whole life would be characterized by the next great exploration in space. the next great human expansion led by the united states of america. we all know, we lost our momentum. president trump once you get that back. he is charged us to bring together, not only public resources, focusingresources, fn space expiration, and going out and bringing together all of these extraordinary american oximeters that are developing the new spacecrafts of the future. we are going to make sure that america leads in space wanted in. my morningnow that newsletter always ends with one fun thing. you have a dog. it must be a ferocious beast. vice pres. pence: he is a puppy. i got him on father's day. we lost our old dog, maverick. he had been with us for 15 years. my wife said, our lives were going to be too busy to have a dog. we have to make do with a cat, his own. -- hazel. and we have around it. --

i want to look at march expiration today it was trading $100. down $10 from the high on january 29th i want to sell the put spread at 1.50 i'm selling one at 3.90. i'm buying one of the march 92.50 puts for 2.30. i'm receiving 1.50 credit. i have 3.50 risk to the downside here's the thing about this. i am actually risk more to make less that's not tag line of the show. i think it's the opposite way. but this is a high probability trade. if the stock does nothing over the next weeks and sits where it is right now, you are going to make money here. to me, a big part of that is because of what we said inflated options prices i'm making a mildly bullish bet. it has a high probability of making a little money and a low probability of losing a little money. >> a lot of money. it is a $5 spread. losing $3.50 a share isn't a whole lot of money you were showing a two year chart. if you go back ten years we haven't seen implied volatility like this. it didn't get up here in in 20116789 it's remarkable how expensive the options are in walmart. that's one o

march 5th, if you're in status expired you're going to be subject to deportation.that's no longer the case. if you've expired, you can go in and re-up for two more years, right? >> that's correct. you have your status will i.c.e. will not go out there and try to deport you. you have your authorization to continue to work, in many cases continue your education. so people should reapply. >> final question, should they trust their government with their information given what this government has done to folks that are undocumented? >> chris, that's the key point here is can we trust our institutions of government to do right by us, or will they betray us? and that's what this case is really about. those who came forward, presented themselves, put themselves in harm's way will, the government now betray them? i hope not. i don't believe so. >> xavier becerra, thanks for your time. >> thank you. >>> coming up, she doesn't believe a the women who accuse her president trump of sexual misconduct because, well, he's her dad. that's next. >>> we know that president trump when

the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from utah seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, i want to congratulate all 243 united states athletes that are secured qualification for the upcoming pyeongchang winter olympic games. i'm proud to say 15 of these olympians come from my home state of utah. mr. stewart: through their talent, hard work and dedication i am proud they will represent utah and in fact the entire united states very well. these individuals come from all walks of life. some of them are in the middle of their professional careers. some are students. many of them are parents. together, these individuals were able to showcase their immense strength and skill through unparalleled determination. all those olympians are not guaranteed success or a medal, it doesn't prevent them from doing what they love to do. we should all look to these athletes for inspiration to become better, to become stronger and more dedicated to rea

once the time has expired, they have to have that procedural vote.m told -- let vote to pass the bill. i am told now that they have crossed the 60 vote threshold but the vote is still open. it's not final until they close the vote, other senators will still be rolling in here in the wee hours, the next ten or 15 minutes. then they will close the board. then we'll get a sense of what the timetable is for the rest of the night. >> i guess my next question, what happens next after this boat? >> that is where rand paul has that option, he'll probably talk some, we might hear from likely, republican senator from utah, he seemed to side with senator paul on this. i noticed that the house members who feel passionate about this issue in the same way a senator paul, thomas massively also a congressman from the bluegrass state, he was going into the house chamber just before the vote, justin a mosh, conservative libertarian, congressman from michigan, he was in the chamber earlier on, just to watch. you'll probably have this wrapped up in the senate by about 3

well, madam >> madam president, here weth are again, the clock is ticking, the current funding bill expires on thursday and we've got to ask you to keep the lights on. to me it strikes me as a very modest goal because there'sea so much more we need to be doing. when our democratic colleagues shut down the government last time, we knew this was all we could get at the time which is a short-term continuing resolution. this is a miserable way to do business. continuing resolutions are really in evocation of responsibility on behalf of the spotty and for the benefit of the markham people. it doesn't have to be this way. what we are waiting on is an agreement between the leaders of the house and the senate for the rest of 2018 and 2019. we could add that agreement today but our colleagues across the aisle are dragging their feet, to put it mildly, for what? it's the same reason they shut down the government last week. it's over an unrelated immigration issue which i will get to in a moment. they appear not to have learned any lessons from the shutdown which clearly the american people didit not

dreamers were in the military that they will not face deportation, even if their legal protections expire. >>> we do have traffic that is doing pretty well in most areas. this is a look at san francisco on the northbound 101. >>> if you liked the last six or seven days you will probably like today as well. >>> a state lawmaker who has been a prominent figure in the fight against sexual misconduct at the state capital is now facing allegations of sexual rathmann. assemblywoman christina garcia inappropriately touched a male staff member following an assembly softball game back in 2014. the staffer said she had been drinking about her actions made him feel uncomfortable. she said she did attend the softball game but that does not remember engaging in inappropriate behavior. the assembly has ordered an investigation. >>> the family of a hollywood film producer is blaming the harvey weinstein scandal for her suicide. her family says that she was bipolar and battled depression for years but added that the she did not defend herself for fear of undermining other women from coming forward. >>> d