CNBC's Bob Pisani and Art Cashin, of UBS, discuss Fed Chair nominee Janet Yellen's testimony, and how the markets are reacting, as well as the Nasdaq rally.
Linda: Would Michelle please explain why has Obama continued the war that he vowed to stop? The U.S. military is now actively engaged in more countries than when Obama took office.In October, 2015 first sustained deployment of U.S. special-operations forces to Syria to complement his air campaign against the Islamic State. In January, the Obama administration was rethinking its troop drawdown in Afghanistan, and considering sending more troops to Iraq and Syria. The Obama released a defense budget that included an increase of $2.5 billion over the previous year to expand the fight with ISIS to North and West Africa, and billions more for sending heavy weapons, armored vehicles, and other equipment to Eastern and Central Europe to counter Russian aggression. Pentagon plans to dispatch military advisers to Nigeria against the jihadist group Boko Haram and to launch an aerial offensive in Libya against the Islamic State. U.S. bombing raids recently killed 150 suspected militants in Somalia and over 40 in Libya. the U.S. military is now actively engaged in more countries than when Obama took office.