of new york's chamber, tom donohue. [applause] mr. donohue: thank you, tom. welcome, ladies and gentlemen. welcome to what i hope will be an exciting morning. two days ago, the president gave us his views on the state of the union. like any president would he puts the best possible face on a country's economic performance under his stewardship. what i would like to do this morning as look at how our economy, and the country are doing through the eyes of america's businesspeople. the reality they see is a little different than the picture portrayed by our political leaders in washington, d.c. they see an economy with some strength, but with many weaknesses. they see a country with a huge upside potential, but with many downside risks. they see an america that is stuck in the worst economic recovery since the great depression. with little forward momentum or dynamism. and they know we could be doing much better. much better than we are today. corporate profits peaked some quarters ago. capital expenditures are down. relative to prior years. new small businesses

joining us now is tom donohue, the president and ceo of the u.s. chamber of commerce.you looking for in tonight's debate? pens a lot ofer's time about who's going to be in the senate or the house and we don't work in the presidential campaigns, but we do work in presidential policy. we will be very interested in what they say about the funnel questions of economic growth, overregulation, global trade, and how we get the most out of the skills of the american workforce at a very challenging time for american companies. this is one of the last debates before we go to the first primaries and i think what we are going to get out of that as we get away from six months from talking and estimating and down to counting some votes and it will be a useful time for the press and everyone to start dealing with reality. at what areu look the keywords trending on social race,in regards to the people are looking up things like gun-control and islamic state, immigration. they are looking up those kinds of terms. they are not looking at jobs or the economy. in thelmost ironic that repu

of new york's chamber, tom donohue. [applause] mr. donohue: thank you, tom. welcome, ladies and gentlemen. welcome to what i hope will be an exciting morning. two days ago, the president gave us his views on the state of the union. like any president would he puts the best possible face on a country's economic performance under his stewardship. what i would like to do this morning as look at how our economy, and the country are doing through the eyes of america's businesspeople. the reality they see is a little different than the picture portrayed by our political leaders in washington, d.c. they see an economy with some strength, but with many weaknesses. they see a country with a huge upside potential, but with many downside risks. they see an america that is stuck in the worst economic recovery since the great depression. with little forward momentum or dynamism. and they know we could be doing much better.

chamber, tom donohue. [applause] >> thank you very much, tom. good morning, ladies and gentlemen, and welcome to what i hope will be an exciting morning. two days ago president obama gave us his views on the state of the union. like any president would, he put the best possible face on the country's economic performance under his stewardship. what i'd like to do this morning is look at how our economy and our country are doing through the eyes of america's business people. the reality that they see is although different than the picture portrayed by our political leaders in washington, d.c. they see an economy with some strange -- some strains but many weaknesses. they see a country with a huge upside potential, but with many downside risks. they see an america that is stark in the worst economic recovery since the great depression, with little forward momentum or diamond is him. and they know we could be doing much better -- dynamism, much better than we are today. corporate profits peaked some quarters ago. new small businesses are for me at t

tom donohue. there's a bun of people.that's the nukeless of the group. > somebody is going to have to make a decision. they'll have a new personnel guy. i don't know who it will be yet. how about how i roseman, a humbled hour i roseman. > last year it was important to be positive and whatever the role was and whatever happens here, i'm an eagle. that's all i've been. until they tell me i'm not i'm going to do whatever i can to be positive. > gym that warts is the defensive coordinator. we'll have more at 10. > back to you. >> we of course are staying on top of breaking news. this is a two-alarm fire at 21st and locust. this started around 5. 30. as you see these flames continue to burn 6 control. chris o'connell is on his way and he'll have a full report on fox 29 at 10. > you can stay online at fox 29.com. > that does it for us at 6 us. inside edition is up at 6. oh remotes, you've had it tough. watching tvs get sharper, bigger, smugger. and you? rubbery buttons. enter the x1 voice remote. now when someone says... show m

today we're up for a brand new letter from tom donohue, i hope you'll take a moment to check it out. if decades he's been a leading voice for business in washington, across the country and around the world. he's a visionary, he's tough and effective and he's not afraid to ell it like it is. mr. donohue: like any president would he puts a yeat stake on the country's economic performance under his stewardship. i'd like to look at how our economy and country are doing through the yifes america's usinesspeople. the reality they see is a little different than the picture portrait by our leaders in washington, d.c. they see an economy with some strength bus with many weaknesses. they see a country with a huge upside potential but with many downside risks. they see an america that is stuck in the worst economic recovery since the great depression. with little forward momentum or die namism. and they know we could be doing much better. much better than we are today. corporate profits peaked some quarters ago. capital expenditures are down. relative to prior years. new small businesses are fo

i want to thank tom donohue and the chamber for putting us in the chamber. it's a great place to hold this event. we in uniform are grateful to the military service initiative and hiring our heros, for arranging this mission transition event. starting at the top, this means thanks to the dos amigos, eric and miguel, and your whole organization for what you've done. and of course the president and mrs. bush. your gift of personal attention to this effort is immensely important and deeply appreciated by all of us. thank you so much. and thanks to all of you for being here. [ applause ] >> thanks to all of you for being here and for your enduring support to our veterans, including recognizing their potential as employees once they transition out of the military. these men and women have raised their right hand and volunteered, they have donned the cloth of our nation, they have gained valuable training and experience, they have breathed in a culture of integrity and hard work, and they've become leaders under stressful conditions and many of them in many cases

jim burke commerce ceo, tom donohue, joining us. bloomberg markets continues with alix steel and carl -- and scarlet fu. head over to the markets desk julie hyman has been tracking the moves. what happeneden yesterday. this is the third gain in four days for stocks. streake are on a winning , sort of. it didn't feel like it yesterday. right now, we are seeing stocks peering into the high of the sessions. it does feel like a bounce back from the declines we have had. look at oil versus the s&p 500. we have seen many of the movements happen in tandem. oil is also rebounding. there does seem to be a snapback affect. alix: a lot of technical notes say we have been so oversold that it wouldn't surprise anyone to see a rally. so what are the leaders? julie: the leaders are among the stocks that have done the worst recently. upon mobil and chevron, both strongly in today's session. some of those that have been on long losing streaks -- williams company falling, we have been watching freeport-mcmoran slide. it is coming back today strongly.

after the chamber of commerce held its state of american business address, tom donohue held a press conference. he was joined by the group's vice president and they took questions from reporters for about an hour. we'll watch as much as this as we can prior to president biden's remark from curing cancer. that is scheduled for 3:00 astern time. >> ladies and gentlemen, welcome to the state of american business address press conference. mr. donohue has short statement after that. obviously, he and bruce josten will take your questions. please identify yourself and your organization when you're asking your question and please wait for the microphones that the staff will be taking around to each of you. r. donohue, thank you. bruce: good morning. we're looking forward to taking your questions. use know a few moments ago, i delivered an annual state of american business deal. up to tom: if you heard it, that's great. but if you want to get some specifics, there's a copy on your plate. i said in the speech that the chamber believes the state of american business in 216 is filled with uncertainty, ri

tom donohue state of american business address as become something of a tradition for us here. it is what we all look forward to. it is an opportunity to look at the year ahead from the perspective of america's job creators. the men and women running mainstream shops. large corporations. startups and everything in between. minute,ill outline in a doing business in today's landscape is not easy. challenges are stacking up. businesses face and underperforming economy. an overreaching government, and an uncertain world. to top it off, we're in the middle of one of the most unpredictable campaigns ever. many of the big debates over our economy and our country's position in the world are happening in the context of a critical election. the chamber will be at the center of much of that discussion. we do not do presidential will do, but, we policy. one of the major ways we engage in the election is through our year 45 campaign. this is a series of letters being written by a bipartisan group of business, civic, and political leaders. they highlight the policy issues that businesses car

issue speed we will leave this discussion here and go back to the chamber of commerce for president tom donohuee's only a news conference on the safety -- the state of the economy. >> the only major ground rule is please identify yourself and your organization when you're asking your question, and please wait for the microphone that the staff of retaking around each of you. >> thank you very much. good morning, everybody. as tom indicated, we are looking forward to taking your questions. as you know a few minutes ago i delivered the annual state of american business deal but if you heard it that's great. and if you didn't or you want to get some specifics, there's a copy on your plate. i said in a speech at the chamber believes the state of american business in 2016 is filled with uncertainty, risk and challenges. we all know that. our businesses and jobs, creators are facing extraordinary political and geopolitical uncertainty. they have to deal with economic weakness at home, and especially abroad. it's a real problem. and massive new regulatory burdens that are pouring out of washington, and

donohue: good morning everybody. as tom indicated, we are looking forward to taking your questions. a few minutes ago, i delivered the annual state of the american business. if you want to get to specifics. there is a copy on your place. i said in the speech that the chamber that the state of american business in 2016 is filled with risks and challenges. our businesses and job creators are facing extraordinary political and geo political uncertainty as they have to deal with economic weakness at home and especially abroad. it's a real problem. and massive regulatory burdens and we are being told even yesterday by the chief of staff who did the "christian science monitor" deal, that they are going to be really aggressive on what they are doing on the regulatory side. we can't eliminate all uncertainty. but with the recovery that is probably the worst since the great depression, we have to go to work and do everything we can. we can get it done. i was very encouraged, as i said in the speech. by what got done at the end of 2015 in a bipartisan way on issues we have been told every day

donohue: good morning everybody. as tom indicated, we are looking forward to taking your questions. a few minutes ago, i delivered the annual state of the american business. if you want to get to specifics. there is a copy on your place. i said in the speech that the chamber that the state of american business in 2016 is filled with risks and challenges. our businesses and job creators are facing extraordinary political and geo political uncertainty as they have to deal with economic weakness at home and especially abroad. it's a real problem. and massive regulatory burdens and we are being told even yesterday by the chief of staff who did the "christian science monitor" deal, that they are going to be really aggressive on what they are doing on the regulatory side. we can't eliminate all uncertainty. but with the recovery that is problemly the worst since the great depression, we have to go to work and do everything we can. we can get it done. i was very encouraged, as i said in the speech. what got done at the end of 2015 in a bipartisan way on issues we have been told every day b

tom kale, who directs the critically acclaimed hamilton on broadway and alex rudzinski donohue says: "brusha brusha brusha...laughing." kether donohue snaps into the jan.donohue says: "when i go onset, i put on glasses and i have to snap. then i'm jan." attitudes on...and fresh paint on the sets...grease live will be mixing old with the new. del rio says: "this is our version...there was no ethnically ambiguous people in the show. this is a very diff approach to what the film was. there's a brand new song written for carly to sing." carly " reporter q: "how fun are the costumes."jepson says: "william ivy long..i worked with him on cinderella...he hand makes most of the costumes...into...everything being right." so much of the magic behind grease live is about the costumes... ...thanks to keke palmer." palmer says: "this is my fav part. doon doong. i really like doing the hips.palmer says: "i play marty girl..but totally wants to be." and don't worry fellas...there's plenty of "coming of age" story lines regarding the guys as well. i met up with the t-birds at their autoshop. del rio

tom kale, who directs the critically acclaimed hamilton on broadway and alex rudzinski of dancing with the stars. donohue says: "brusha brusha brusha...laughing." kether donohue snaps into the role of jan. donohue says: "when i go onset, i put on glasses and i have to snap. then i'm jan." attitudes on...and fresh paint on the sets...grease live will be mixing old with the new. del rio says: "this is our version...there was no ethnically ambiguous people approach to what the film was. there's a brand new song written for carly to sing." carly " reporter q: "how fun are the costumes." jepson says: "william ivy long..i worked with him on cinderella...he hand makes most of the costumes...into...ev erything being right." stand-up so much of the magic behind grease live is about the costumes... ...thanks to keke palmer." palmer says: "this is my fav part. doon doong. i really like doing the hips. palmer says: "i play marty marciano...marty is that yuong girl..but totally wants to be." and don't worry fellas...there's plenty of "coming of age" story lines regarding the guys as well. i met up with the t-birds at