the director of research at mkm partners. >> right now senator tim johnson is introducing janet yellen. the humphrey hawkins testimony before the senate banking committee. let's take you to washington. reserve'sederal semiannual monetary policy report to the congress. today, i will discuss the current economic situation and outlook before turning to monetary policy. i will conclude with a few words about financial stability. the economy is continuing to make progress toward the federal reserve's objectives of maximum employment and price stability. inthe labor market, gains total nonfarm payroll employment onthaged about 230,000 per m over the first half of this year. a somewhat stronger pace than in 2013 and enough to bring the total increase in jobs during the economic recovery thus far to more than 9 million. the unemployed rate is falling nearly 1.5 percentage points over the past year and stood at four in june, down percentage points from its peak. measures of labor utilization have registered notable improvements over the past year. isl gross domestic product estimated to have de

i was really struck, she went way back to 2002, john thune, who later got elected against tim johnson and says he stole it on the indian reservations. i covered that race. the indian reservations always report late and always give a big margin to the democrats. so maybe she figured mcdaniel could relate to it if she said another election was stolen when it wasn't. >> the point that she was making was, the people who lost in these stolen elections, as she called them, they did not contest that election. they didn't fight it out the way mcdaniel, is then they went on to successful political careers because they didn't sour voters in their states by fighting beyond the point where they could succeed. >> right. her example number one was richard nixon who could have complained about stolen votes in illinois and texas. it's still not clear who would have won, but he had a case to make and he didn't make it. >> and eight years later became president. >> correct. the problem for mcdaniel now is i think it's a little too late to suddenly be grace tful. i don't see how he backs out of these ch

he also worked for senators tim johnson, tom daschle before joining barack obama's

but i really would like to yield to my colleague and my very able subcommittee chairman, senator tim johnson, who has spent more than a decade working on these issues, and now in a bipartisan basis we have such a splendid bill, so wise, so prudent, so effective that i wish we could do it and i would like to yield the floor and then reclaim the floor for my u.c. request. mr. johnson: madam president? the presiding officer: without objection. mr. johnson: i thank the chairwoman for her strong leadership on the appropriations committee and her unfailing dedication to our nation's vets. she is absolutely right in pointing out that passage of the fy 2015 milcon v.a. bill is crucial to implementing the sanders bill. the sanders bill provides funding and expanded access to medical care for vets, but the mill connecticut -- the milcon bill provides a far greater range that covers every aspect of v.a. operations. by unanimous vote we just confirmed robert mcdonald to be secretary of v.a. he was assuming the leadership of an agency in crisis, and he will need every resource available to him if he is t

he also worked for senators tim johnson, tom daschle before joining barack obama's presidential campaign. before taking on his current role, he was deputy communications director and later communications director for president obama. so much for biography. now onto the exciting matters of process. we are on the record here. please, no filing of any kind while the breakfast is underway to give us time to listen to what the guest actually says. there is no embargo when the session ends. you help you kurds that we willss selfie urge, send photos as soon as the breakfast ends. question,ike to ask a we send me a subtle, nonthreatening signal. will happily call on one and all during the time we have available. let me offer our guest the opportunity to make some opening comments. and we will move to questions. thanks again for doing this, dan. >> thanks for having me. the onlyhis is tweeting free zone and all of washington. let me start with a few opening remarks. began .14, the president declared it the year of action. forgoal here was -- to look ways to work with congress. it had become prett

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senator tim johnson of south dakota, senator mark kirk of illinois. they have worked so assiduously on coming up with a bill for funding our veterans for fiscal year 2015, and it is an outstanding bill. and -- but when we look -- but right now we're out there in the wilderness. we've moved it through the subcommittee, we've moved it through the full committee. it passed unanimously. and we're out in the ethers waiting to come to the floor. johnson and kirk, mikulski, shelby -- we're like people with our nose pressed against the glass on the floor. we see it within our grasp but we can't get through. and all we want to do is help to complete the job that we're trying to undertake today. you know, as much as the bill will be -- that senator sanders worked out, that without the v.a. mil-con appropriations bill, the veterans will lack key tools to expand care, important support personnel that allows the doctors and nurses to do their job, important technology to run contemporary institutions and, by the way, the bill that we're going to be working on, the

schumer: well, let me once again thank the chair and ranking member of the banking committee, tim johnson, mike crapo, for their great work here. let me tell my colleagues that, again, this is a very good example of much cooperation, bipartisan cooperation, democrat and republican, a 22-0 unanimous vote out of the committee. it is also cooperation between private industry and the government, industry, insurance, and others knew they had to shoulder a greater share of the load as we move on after 9/11. but that only government could be the backstop at the end of the day. again, this is an economic development issue, above anything else. it is not out of whose pocket what money comes. if the greatest problem america faces is good-paying jobs, well, if we were not to renew terrorism insurance, we would lose many good-paying jobs. this amendment will allow those jobs to continue and grow. people will not build major he had physicals, major -- edifices, major complexes, whether they be sk skyscrapers n chicago and new york, whether they be football stadiums in idaho or major shopping centers i

the outstanding senators, senator tim johnson.y worked on coming up with a bill for funding the veterans for fiscal year 2015 and it is an outstanding bill. but right now we are out there in the wilderness. we lived through the subcommittee. we lived through the full committee. and we are out in the ether is waiting to come to the floor. johnson and curt, shelby, we have people with our nose pressed together but we cannot get through at all what we want to do but to complete the job that we are trying to undertake today. the bill senator sanders worked on that without the appropriations bill the veterans will expand care. importance of port personnel that allow the doctors and nurses to do their job in the technology to run contemporary institutions. and by the way, the bill that we are going to be working on. on the veterans disability. in the days and weeks and months to get your disability claim, we can't get the disability process. this is unacceptable. what we do in the va bill is come up with the funds to modernize the va. i

he also worked for senators tim johnson, tom daschle before joining barack obama's presidential campaign. before taking on his current role, he was deputy communications director and later communications director for president obama. so much for biography. now onto the exciting matters of process. we are on the record here. please, no filing of any kind while the breakfast is underway to give us time to listen to what the guest actually says. there is no embargo when the session ends. you help you kurds that we willss selfie urge, send photos as soon as the breakfast ends. question,ike to ask a we send me a subtle, nonthreatening signal. will happily call on one and all during the time we have available. let me offer our guest the opportunity to make some opening comments. and we will move to questions. thanks again for doing this, dan. >> thanks for having me. the onlyhis is tweeting free zone and all of washington. let me start with a few opening remarks. began .14, the president declared it the year of action. forgoal here was -- to look ways to work with congress. it had become prett

this hearing begins with committee chairman tim johnson >> i call this hearing to order.ing we welcome you back to the committee for testimony and the federal reserve semiannual monetary policy report to the congress. since the chair was the last before the committee, fisher bernard and jerome were -- to effectively carry out the monetary policy and military functions. to that end, there are two remaining spots to be filled on the board and i hope for a swift nomination of qualified candidates with expertise in community banking as well as tough and effective oversight experience. the fed continues to grapple with many issues to spend both monetary and regulatory policy and look forward to hearing yellen's perspective on these issues today. the study path of economic recovery will fall on the great recession took a sidestep with first quarter. the unemployment rate has continued to drop in recent months with long-term unemployment and youth unemployment remained at unacceptably high and the housing sector to rebound from its troubles during the crisis with too many like t

working with senators tim johnson and mark kirk, i convened an all hands on deck hearing with these agencies. social security immediately responded under carolyn's leadership to make sure that the va gets on a biweekly basis -- am i correct? for the information that it needs, so that the veterans administration can deal with its backlog. she's got her own backlog with the disability benefits, this techno boondoggle, once again, before she took over, no one in charge. everybody in charge. everybody ditherring and moving their microchips around. you know that deal. and we saw it in the health exchange, we see it over here. but i think she's the person to fix it. so, mr. chairman, and senator hatch, i really hope, as you can see my enthusiasm for her, and if you want william donald shaffer smiling on you today, the do it now and do it right, confirm carolyn colvin. >> that is some sort of sendoff. thank you, chairman mikulski. your commitment to these programs is renowned. and i especially appreciate your bringing up mr. shaffer. because i remember meeting him, and i saw how you could have a he

senator tim johnson is chair of the committee. he is coming through the door right now. senator mike crapo, ranking member. we do expect this to get under way in just a moment here live on cspan 3. >> i call this hearing to order. this morning, we welcome chair yellen back to the committee for testimony on the fed reserve semiannual monetary policy report to the congress. since chair yellen was last before the committee, bernard hall was confirmed by the senate to serve on the board. it is important that the fed maintain a full complement of governors to effectively carry out his monetary policy and regulatory functions. to that end, there are two remaining spots to be filled on the board and i hope for swift nomination of well-qualified candidates with expertise in community banking as well as tough and effective oversight experience. the fed continues to grapple with many present issues that span both monetary and regulatory policy, and look forward to hearing chair yellen's perspective on these issues today. the steady path to economic recovery following the great rec

a u.s. 2009, it was then national security advisor general tim johnson introduced the secretary generalwe are delighted the general toes has returned today introduce the secretary-general. general jones, who has, prior to his position, let nato's military operations in his capacity as commander of u.s. european command, the supreme allied commander europe, leeds today much of the strategic thinking at the atlantic council. he has been a dedicated supporter of our young atlantic summits, which have become the primary public diplomacy nato summits and have been a means to securing a next-generation of support and leadership for the alliance. we are very grateful. nato will partner with the atlantic council this year, as well, to link talks with future at the 2014 future leaders summit in wales. secretary-general rasmussen has mumbled the been supportive, but has been very much an instigator and visionary behind the effort to get more young voices, young strategic thinkers into the conversation. before i turn the floor over to whatal jones, let me say one didn't have to say back in 2009. i

he also worked for senators tim johnson, tom daschle before joining barack obama's presidential campaign. before taking on his current role, he was deputy communications director and later communications director for president obama. so much for biography. now onto the exciting matters of process. we are on the record here. please, no filing of any kind while the breakfast is underway to give us time to listen to what the guest actually says. there is no embargo when the session ends. you help you kurds that we willss selfie urge, send photos as soon as the breakfast ends. question,ike to ask a we send me a subtle, nonthreatening signal. will happily call on one and all during the time we have available. let me offer our guest the opportunity to make some opening comments. and we will move to questions. thanks again for doing this, dan. >> thanks for having me. the onlyhis is tweeting free zone and all of washington. let me start with a few opening remarks. began .14, the president declared it the year of action. forgoal here was -- to look ways to work with congress. it had become prett

tim horde. i'm anne-marie green. this is the "cbs morning news." >>> 50 years ago today president lyndon b. johnsone civil rights act. the legislation promised equal protection under the law for awe. a cbs news poll finds 78% of americans thinks there's been real progress since the 1960s in getting rid of racial discrimination. james brown talked with one of the men who helped get the act passed. >> reporter: the top ten was given to me by president johnson, used to sign the civil rights act of 1964. >> reporter: you got ahold of that pen. still very proud of his time in the white house. after graduating from harvard and yale law school he served as civil rights adviser to the president. one of the few african-americans at the white house then? >> the only african-american at this time. >> reporter: what was it like, cliff? >> like many things in life, where black people were not included as much as they can. for me, lyndon johnson made me as comfortable as his white aides. >> reporter: alexander was part of the team working on the civil rights bill but he said it was johnson's passion that produce

tim pernetti. thank you. more after this. ♪ >> this is "taking stock." i am cory johnson and for pimm fox.ore on our market moving headlines, let's go to su keenan. >> virgin america has filed for an ipo. by airline is partly owned british billionaire richard branson. the number of shares offered and the price are yet to be determined, but the company says proceeds will be used to fund growth and repay debt. beatissan's latest profits analyst estimates. revenues rose to about $1 million. they cut their profit projections for the last two years. and finally in washington, house and senate to go shooters have reached a rare bipartisan deal. the agreement expands the number of non-v.a. hospitals where veterans can receive care. back to you. >> all right, thanks. of people who buy ipads and max already have an iphone. a question ofs what the notion of an ecosystem is. there is already the suggestion that a new ecosystem is evolving around google glass. joining me, my guest is talking about ways to innovate. i love this, because i do our technology show on the west coast, "bloomberg west." mean

johnson. in for emily chang. is buildinghe buzz about apple's next big thing after ceo tim cook says that he cannot wait to show offew products and services. this comes after they reported solid third-quarter results. revenue and profits rising tanks in part to huge iphone sales. the powerful family dynasty of samsung is facing an uncertain future as the patriarch has been in the hospital since may and there are renewed questions about whether his son will be able to exert as much influence. health tracking devices are all the rage right now, but what about devices that keep tabs on your car? the ceo of metro mile collects information about gas mileage, commute times, and more. to our lead story, apple is dropping more hints about upcoming products in yesterday's earnings release. the ceo said that they were incredibly excited about the upcoming release of ios eight, as well as other new products and services that they can't did to introduce. nonetheless, he did wait. be asaid that it would very busy fall, creating a lot more was about new products, specifically bigger screened iphones. revenue andain in profit for

another big company, this time johnson & johnson, a dow component, saying they will put in place a $5 million share program. back over to you. >> thanks, dom chu, tim seymour, a reason to be excited? >> i think so. it's an impeccable balance sheet. i think the dollar strength. a year ago, people were worried about multi-nationals and dollar weakness so in other words repatriateing those numbers back will actually be a tail wind for these guys. these to me is one of the great multi-national stories. >> let's go to netflix t. conference call is under way, michael past over has an under rating on the stock it's good to have you with us. you expected better than expected results in this quarter. what stand out? how do you get to underperform given this quarter? >> what stands out, they continue to grow domestically. that's a beggar part of the growing story than the international growth and they keep growing at a decent clip 570,000 netflix subscribers. you think thigh will run out eventually. they don't. they keep growing. i think they keep growing because they keep offering better and better content. so they're doing a fine job at a service compellin

johnson introduced me to earl. i was a little nervous about all this. he said, earl, this is tim, and he will cover the team and help me out a little bit this year. and earl looks at me and says "bleep you, tim" and walks away, and that was it. [laughter] but he taught me so much. [laughter] he made me laugh so many times. and the only stroll -- story that you need to know about earl is that while he was managing one of his outfielders, pat kelly decided to join the ministry while he is playing in the major leaks. -- the major league's. pat waits for the moment to tell his manager of this really big step in his life. he finally finds a perfect moment and he goes to earl and he said, "earl, i'm going to walk with the lord" and earl says, "i would rather you walk with the bases loaded." [laughter] and this last story isn't funny, but tells you an awful lot about earl, and a lot about buck showalter. i was at a simulated game, which tells you what kind of life i lead. [laughter] two years ago, buck -- and i'm sitting with earl weaver at a simulated game. there are four people there

tim howard, the most saves since records have been kept in the cup. but the loss ends american hopes of advancing to the quarterfinals. on the newshour online right now, merrit johnsonwants to challenge the perception of native american art as only "beads and feathers." the sculptor, who is of mohawk and blackfoot descent, is part of a new exhibit that showcases a broad spectrum of contemporary works from native american artists. see some of those pieces on art beat. all that and more is on our web site, newshour.pbs.org. and again, to our honor roll of american service personnel killed in the afghanistan conflict. we add them as their deaths are made official and photographs become available. here, in silence, is one more. and that's the newshour for tonight. on wednesday, we look back at the civil rights act. 50 years to the day after president lyndon johnson signed the landmark legislation into law. i'm judy woodruff, we'll see you on-line, and again here tomorrow evening. for all of us here at the pbs newshour, thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connect

johnson, this is interesting. apple and ibm announce this partnership, having been longtime rivals in the tech world. even put out this picture of virginia rometty and timdown a campus, looking buddy buddy. how big of a surprise is this partnership? a stroller,t really he is more of a fast walker. because apple is the biggest market cap company in the world, because they sell so many ds, it isnd ipa hard to introduce products that will move the needle. the introduction of an ipad today would be tiny compared to the apple of today. this could really move the needle for apple. it puts apple products in the hands of people that could not get them -- corporate employees whose purchasing managers were surfaceblackberries and tablets and windows phones down their throats. they wanted ipads and they wanted iphones. advisevices people companies how to roll out products and laces they are uncomfortable doing it in the past. force is very well-known and very well respected. anybody who wants to go into sales would point to tactics they would learn from ibm. how much are they going to be able to move the needle for apple? >> this could make a big difference for ap

johnson introduced me to earl. i was a little nervous about all this. he said, earl, this is tim, and he will cover the team and help me out a little bit this year. and earl looks at me and says "bleep you, tim" and walks away, and that was it. [laughter] but he taught me so much. [laughter] he made me laugh so many times. and the only stroll -- story that you need to know about earl is that while he was managing one of his outfielders, pat kelly decided to join the ministry while he is playing in the major leaks. -- the major league's. pat waits for the moment to tell his manager of this really big step in his life. he finally finds a perfect moment and he goes to earl and he said, "earl, i'm going to walk with the lord" and earl says, "i would rather you walk with the bases loaded." [laughter] and this last story isn't funny, but tells you an awful lot about earl, and a lot about buck showalter. i was at a simulated game, which tells you what kind of life i lead. [laughter] two years ago, buck -- and i'm sitting with earl weaver at a simulated game. there are four people there

johnson, barbara, saying "boy, i can't wait to get back to the united states because it's hard for tim using his wheelchair to get around anywhere." well, this is what i mean. we've got to start working with these other countries to help them change their systems, their accessibility. i talked to many veterans who would like to go and travel with their families or maybe even work overseas. can't do it. they're not accessible. i've talked to students who got a fulbright scholarship or one of those things to go to another country, but since they were disabled, they couldn't take advantage of it because there were not accessible places for them to live or to get around. so if we are proud -- and we should be -- proud of the work that we have done as a nation bipartisanly -- there's never been a partisan hint to anything we've ever done on disability policy in this country. so if we're proud of what we have done in this country to enhance the well-being of people with disabilities, to make sure that they have a full and meaningful life, that they can contribute to the best of their ability