U. S. Trade representative Robert Lighthizer is making his second appearance on capitol hill today. This morning, he was before a House Committee and was answering questions from the Senate Finance committee on President Trumps trade policy. Ourselves in future crisis, but we have to find a Smart Solution that accepts the realities that trade is fundamental to our survival and prosperity. In the long term, trade is a key part of the solution because it promotes freedom. It provides customers for our best in the class Agricultural Products. It promotes entrepreneurship and independence. And particularly trade empowers Small Businesses that are the backbone of our communities. In fact, 97 of the u. S. Exporters are Small Businesses. A good start to empowering people and fixing our economy is making sure as many people as possible have the option of being their own boss. We owe it to them and their communities to press for even more opportunities. This is especially true because our tradi
Several areas we consider planes to reopen. Optimistic. Emains treasury secretary Steven Mnuchin says he expects the session to end this year with another Stimulus Program in the pipeline. Paul we are about an hour away from the open here in australia and tokyo. Lets get a check on what we can expect for the new trading day with sophie in hong kong. Sophie asian stocks looking at a muted start this wednesday. This after we sell stock gains fade into the close. Check out what is going on with qe markets. The qe dollar is trading ahead of the rbnz decision. In the bond space, we are seeing five basis points this morning. The central bank of new zealand seen holding pat. That is one of the items on the agenda we are watching with market very much in wait and see mode. Plenty of firepower being amassed in deal space the latest news of kp are having pulled together 10 million. Lets jump into the turn will. The terminal. We could be seeing positive mental for asian stocks. As you can see on
Treasury yields are up as jobless claims drop. And open for business again, but where is everybody . Errie calm after restrictions were lifted. Muted the session seemed after the week where we saw gains in global markets. We have a pause when it comes to the stock rally overnight. Finally starting to address the the data we trickling and showing the impacts of the pandemic on the Global Economy and the evaluations we see when it comes to markets. Japanese features trending a little lower at the moment. Futures trending a little lower at the moment. Futures flat at the moment. David a welldeserved break. Lets get to the top stories. Despite a recent wrapping up of tensions, the u. S. Trade representative says he feels good about a phase one agreement with china. Robert lighthizer says beijing was honoring the pact when he took significant purchases in recent weeks. Selina wang is in beijing. Take us through what Bob Lighthizer had to say. We got some positive rhetoric about the trade de
At the Meat Processing plants and meat suppliers at the moment. Chicken and pork as well. These producers are losing a lot of steam here in this final hour of trade. Sanderson farms down 4. 6 . Tyson down 3 . You can see the rest here. The administration in the last hour did pledge 19 billion to support the nations ranchers and agricultural producers. 16 billion of the 19 billion will be in the form of direct payments but as we wait for the Cabinet Meeting to begin, let us bring in the ceo of restaurant brands, the parent of burger king, popeyes chicken, tim horton. Let me just apologize in advance because we will hop to the president as soon as he begins that Cabinet Meeting, jose, but you are live at one of your burger kings in miami, florida. Thank you for joining us. Your restaurants which number some 10,000, you guys sell a lot of meat and chicken. Give us your reaction to the news that 19 billion will go to the ranchers and agricultural farmers there, but not exactly to that midd
My colleagues the status of where we are in regards to the professions in the cares act that relate to Small Businesses. First i want to make it clear that our top priority for americas businesses, whether they be Small Businesses or large businesses, is to get this covid19 behind us, to stop the spread of this deadly disease, to give confidence back to the American People that its safe to pursue their economic desires and, therefore, to have businesses be able to go back to a situation where they have customers and they can be open for business. We have appropriated significant resources in order to make sure we do whats right financially to deal with this deadly disease. And we have provided the tools to to protect our economy. So let me talk a little bit about the attention to Small Business. Im pleased and proud to be the ranking democrat in the Small Business and entrepreneurship committee. I serve with senator rubio, who is the chairman of the committee. And we have worked togeth