This is live coverage on cspan3. Sub committee will come to order. After recognizing myself and Ranking Member duetch for five minutes each for Opening Statements. We will then hear from our witnesses and without objection the witnesses prepared statements will be made a part of the record. Members may have five days to insert statements and questions for the record subject to the length limitation and the rules. As prior, we hear that this is your first congressional testimony so well ask you the really tough questions. Kidding, kidding, kidding. The chair now recognizes herself for five minutes. Since our sub committees last hearing on lebanon, much has changed in our by rilateral relationship. The picture in neighboring syria continues to look dire. Isis appears to be on its last legs yet again. But despite these changes and in some cases because of them, many of the same challenges and concerns about lebanon and u. S. Policy remain. As one of my israeli friends put it, lebanon is e
We speak with the Prime Minister later in the program. , wherehello, from sydney it is just past 6 00 a. M. Trading at the start of a brandnew week. Betty we have a short trading week in the u. S. , sunday evening just past 6 00 p. M. The markets are closed for memorial day. We will take all of the action on friday. Look at how it will affect the asiapacific trading day and the u. S. And in particular the big jobs report. That is something to watch. The fed meeting as well, u. S. Pretty closed on friday much mixed. No one taking any big positions ahead of the long weekend holiday. Bit,o wake us up a little we had reports of another missile being fired by north korea. That happened at 5 40 a. M. Local time, launching a missile that zone. Nto japans economic this is according to the japanese officials, also confirmed by south korea. In the meantime, south korean officials are convening a National Security Council Meeting at 7 30 a. M. We have seen this and reaction to multiple missile th
Asia. What happenedcuss on President Trumps first overseas trip. We will analyze that and figure out what that means Going Forward. It looks to be a quiet week as u. S. Come u. K. , and china markets closed. That ninth ofring the stigma still, but a lot happening on the data front. Speakers. Several fed atindeed, lets take a look Market Reaction. Markets closed on friday and unchanged on friday, a lot of economic members straight ahead in the u. S. , including housing, on friday. Looking at the market so far, the only market open is new zealand, a touch lower here. To be starting things next given how thin trading is likely to be today, but heading lower when it comes to the nzx 50. Lets head to australia real quick. We did see recovery after that group meeting. Pretty soft open for the aussie dollar, but looking to the upside on the asx 200 today. Japan, north korean concerns, but someof risk off strength for the japanese yen, 11. 22 ithave seen a pause when comes to this equities ral
Bloomberg. As our u. S. S close, and u. K. Markets. A holiday thinned session in asia. Things are decidedly mixed. Of ave not seen much reaction to saber rattling from north korea with that ninth missile test. It is a big week in terms of news flow and data, china pmi, and waiting to see if that feeds into the picture of the growth or thathad from china is as good as were going to get your the second half could look dicey. We had an announcement from the pboc on friday saying they are considering looking at what they call a countercyclical adjustment factor. We are still trying to figure out what that means in terms of the daily yuan fixing. China has been fixing its dollaryuan fix at gradually weaker levels, adjusting from the previous days close. This istion is whether a dollar of fact. It tends to look different when youre looking at the yuan versus the basket of currencies, or is this something reading more into come it that we are seeing a continued weakness when it comes to the y
If you happen to be watching from the u. S. It is a bank holiday in the u. K. , too. Chinese markets are closed as well. The stoxx 600, pretty flat there, bearing all that in mind. The dollaryen, pretty unchanged at 111. 31. We did see a little strength earlier after those comments from John Williams. Cable is up. 2 . That has been moving fairly strongly ahead of the u. K. Election and a sterling did have its worst week this year last week. And keep your eyes on the 10 year italian yield. It looks like it is down two basis points. It was moving higher earlier, after comments from the Prime Minister. Lets get the bloomberg first word news. Reporter north korea has conducted another missile test. South Korean Military Officials Say the missile, which appears to be a scud variant, was fired off of north koreas east coast. It comes just days after World Leaders vowed to take tougher measures against kim jong un. British airways says many of the Computer Systems a running again. That is as