Attracting 660 companies from 35 countries and regions. One participant specializing in cashmere is from mongolia. After china, mongolia is the second largest producer of raw cashmere in the world, responsible for 40 of the global output. However, many of the buyers visiting the companys booth were unaware of this. Translator whether the cashmere comes from mongolia or whether it comes from china, thats not really the sort of thing ive ever really thought about. Although mongolia produces large volumes of raw cashmere, it doesnt have sufficient facilities to manufacture it to finished product so 5 of the output is exported to china. However, work is currently under way to ensure that the production and sale of cashmere products becomes one of mongolias core industries. Mongolias largest cashmere manufacturer privatized in 2007 has actively striven to introduce the latest technology from japan and italy and develop products for overseas sales. Leading this effort is the companys ceo, on
At the hearing will come to order. I am pleased to welcome acting administrator Robert Lightfoot to the commerce and science appropriations subcommittee hearing to examine nasas fiscal year 2018 budget request. Mr. Lightfoot my works well together during his tenure as the director of nasas Flight Center in huntsville alabama. Mr. Lightfoot thank you for serving as nasas leader during this time of change and i appreciate you joining us here today. The administration has proposed a fiscal year 2018 budget of 19. 1 billion for nasa which is a reduction of 2. 9 from the current year level. While this overall cut is less than many other agencies that have experienced the president s budget request reflects a significant reduction of 561 million dollars. This budget request attempts to navigate a challenging fiscal environment that would disrupt Ongoing Missions and delay future explorations for years to come. There are proposals to eliminate the entire education director at using the ration
Im pleased to the subcommittee hearing to the budget request. We have worked well together in his tenure for nasas marshall license center. Mr. Lightfoot thank you for serving as nasas leader during this time of change and i appreciate you joining us here today. The administration has proposed a fiscal year 2018 budget of 19. 1 billion for nasa which is a reduction of 2. 9 from the current year level. While this overall cut is less than many other agencies that have experienced the president s budget request reflects a significant reduction of 561 million dollars. This budget request attempts to navigate a challenging fiscal environment that would disrupt Ongoing Missions and delay future explorations for years to come. There are proposals to eliminate the entire education director at using the rationale that nasa can do without these programs under a budget. Other Research Programs are left with Financial Resources which make it impossible for nasa to meet its own management plans. Hu
Saudi banks are in the spotlight viewed in the spotlight. Is Bloomberg Markets middle east. We had an eventful end of trading in other markets last week. Theetty green day across board. The s p 500 up over half of a percent to reach another record high. The dow jones also up to another record. 0. 18 making for a big gain last week. And also the emerging markets index up almost two thirds of a percent. Quite a different story to the one we were talking about at the beginning of the year. Lets talk about macro factors driving the rallies of equities. You can see the bloomberg dollar index fell after we have the weaker than expected inflation data. Ulls gave some of the b to think the next fed rate hike is further on the horizon. Rallying their funds. Saw, the cboe index cannot get lower. Up. Ef crude oil was take a look at where it closed at. Interesting levels. The baker hughes index showing 765. Crude up to a total of also, gold futures off the back of the news around inflation, while
That shows where the Trump Administration goes in terms of the prioritizing of the threat. But also, in how to deal with it in the diplomatically effective manner. Reporter mattis is in Silicon Valley to get a look at Experimental Technology being developed in the Silicon Valley, one innovation a sea going autonomous drone that could be used to spy or track enemy movements in oceans around the world. Its developed in alameda. The Defense Innovation unit experimental helps the military find Hightech Solutions in other areas like artificial intelligence, life science, space and information technology. Innovation is actually apolitical and the whole point is that were saving lives, saving dollars and the generating a lot of and were generating a lot of great Economic Activity around the u. S. Reporter they started under the Obama Administration but received a very strong endorsement today from secretary of defense james mattis, one of the other advantages of whats going on in the building