Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panels of Witnesses Today on the economic subcommittee focusing on a very important topic and i think theres a lot of bipartisan interest in and that is the economic geostrategic challenge with the rise of china poses for the United States not just today but in the future. The calmness party led peoples republic of china through unfair treatment practices and intellectual property theft market manipulation and very prominently in my view not reciprocal treatment not just in the economic realm but in many realms has been a force in the Global Economy that undercuts the resiliency of the u. S. Economy. Its been one of the worlds fastestgrowing economies averaging close to 10 growth from 1979 to 2015. In 2014 china overtook the United States as the Worlds Largest country in reducing power according to the International Monetary fund. I believe there is a strong bipartisan interest and hopefully we
Through on a major pledge from his 2016 president ial campaign, a promise to protect American Workers, to put an end to the abuse of the h1b visa program. President trump signed an executive order at the white house today banning federal agencies from firing american citizens or green cardholders from their federal jobs and or suring Foreign Workers and hiring Foreign Workers to replace them. Todays action also orders a study to determine just how many federal jobs are now held by foreign visa workers. President trump today heard from a number of American Workers, workers who were forced into the degrading, humiliating process of training their less qualified foreign replacements. Thats right. H1b visa workers trained by the reporters they were the workers they were replacing from the Tennessee Valley authority. The federallyowned corporation that provides Utility Services to residents in seven states. The tva recently announced a plan to outsource 20 of its Technology Jobs to Companie
With you. Really . The judge how are you . Are you said what have you got . Do you have like chambers there or like, what are you equipped to do if push comes to shove today. You have what do you have at home what have you got. And report on what we report on. Am i the only one. I filled in i filled in recently for a full week and they didnt play the theme music a single time. Hopefully they can make up for it today we didnt hear about it we started having fun. We nip that in the bud pretty quickly. Oh, this is you. Im sorry this is you. So you got that going. Im glad i got up this morning. Lets take a look at equity futures. We try to get a new record on the s p 500. Well see what we can get over the top there. Treasury yields on the rise as of late. 25 last week alone. Theres the ten year not doing too much not all that long ago. We have seen rates starting there and stocks have been on the move well see that new record on the s p this morning. The amount of money were sprinting, i d
Into our freedom the Chinese Party getting into strength and Services Also pushes the french print past expectations retail rebound uk sales urge past expectations in june as the lockdown lifts while the uk starts to enforce new rules on face coverings. European stocks struggle after chip maker issue earnings dpi guidance and delay the launch of a key next generation product a very warm welcome to street signs. A big day in terms of data we have the flash pmi coming through. Weve heard from germany and france better than expected now we have the eurozones overall for the region the flash composite up from 54. 8 we cross into growth territory we look at the breakdown and the flash manufacturing pmi that has come in at 51. 1 versus 47 in june on the services side, the pmi has surged to 55. 1 up from 48. 3 in june. So a big, big step higher in terms of the overall numbers for the eurozone that is reflecting strength in germany and france lets get out to williamson. The organization that p
Children are almost and i would almost say definitely, but almost immune from this disease. David now, both facebook and twitter claim that those remarks contain misinformation about the china virus and childrens health. President trump was asked about facebook and twitters cent orship on the south lawn earlier today. What evidence is have you seen about children [inaudible] all you have to do read the newspapers or read the medical reports. David so here are some facts. Cdc data shows around 7 of all 4. 8 million china virus cases in the u. S. Are from children under 18. And around 0. 1 of all 159,000 u. S. Deaths are from that that age group. Twitters decision to censor the Trump Campaign was made in part by a former press secretary for kamala harris, the senator. In march twitter claimed chinas misinformation about the virus did not violate its rules, and facebooks decision to deny the American People from hearing what the president has to say comes despite repeated assurances from