354, h. R. 6395, a bill to authorize appropriations for 2021 for military activities of the department of military d for construction to prescribe military personnel strength for for other year and purposes. The speaker pro tempore pursuant to House Resolution 053, in lieu of the amendment in the nature of a substitute recommended by the committee on the services printed in bill, an amendment in the nature of a substitute consisting of rules committee is adopted and the bill, as amended, is considered as read. Debatable for one hour equally divided and controlled by the chair and the ng minority member of committee on Armed Services. The gentleman from washington, smith, and the gentleman from texas, mr. Thornberry, each minutes. Rol 30 the chair recognizes the gentleman from washington. Mr. Smith mr. Speaker, i ask unanimous consent that all members may have five legislative days to revise and and to heir remarks include extraneous material on h. R. 6395. The speaker pro tempore witho
The annual earnings forecast falls short. Shery lets get a quick check of the markets close. The s p 500 fell the most since may 31. The 10 year yield fell below 2 . It was already a shaky day when he came to the equity markets. Rising geopolitical tensions between the u. S. And iran, not to mention a drop in Consumer Confidence as well as numbers that dampened investor sentiment. In you have the fed chair Jerome Powell and the st. Louis fed speaking, investors did not like what they heard, saying a july rate cut should be limited. We saw every sector on the s p 500 in the red, tech and communication stocks leading the decline. Gold jumping the most in six years, not to mention the yen also rallying. U. S. Futures at the moment really not doing much. Lets see how we are setting up for asia. Asian futures appointing lower, going into it the session. It may complicate u. S. Secretary of state pompeos visit to india this week. In new zealand, kiwi stocks trading flat, halting a sevenday a
Yv States Government is a cash flow budget. And the recapitalization of the Nuclear Triade is a capital investment. We are talking 40 and 50year assets. One of the problems we are facing in our budget is it all comes out, it looks like its in the Defense Budget. I call it the pigon. There is this bulk of nuclear phodendization that should be considered capital investment. I think thats important for people to realize when you look at the Defense Budget there is a piece of it that is really something that probably should have been done over the past 30 years that we are trying to do in a hurry. Is that your reading . General cotton it is, sir. The way like to describe it is am responsible for maintaining and the components under me are responsible for maintainin on behalf of the president of the United States. Senator king general whiting you talked about we have the best Space Capabilities and have for many, many years. Thats the good news. The bad news is, the dependency that we have
Russia and china pose in these areas. This is just over two hours good morning. The Committee Meets today to receive testimony from general anthony cotton, commander of u. S. Strategic command or stratcom. And whiting, commander of u. S. Spacecom or spacecom. Gentlemen, thank you for your service to the nation and extend our thanks to the men and women who serve with you. As in the past we have asked the commanders the stratcom and until 2019. Spacecom was a part of Strategic Command. Mr. Reed as spacecom continues as an independent command, its important to identify any gaps or seams that emerged during the transition. On the global stage,si reckless. Recent press reports state that russia is considering violating rnnal space treaties and endangering the global use of space for Vital Communications and sensing. Further, putin has stab the strategy stability and arms control policies both our nations have respected for decades. Over the past year,has suspended its participation in the
Word from the Nations Capital to whatever you are. It is the opinion that matters the most. This is what democracy looks like. Connect the commanders of u. S. Strategic command and Space Command testify about Nuclear Deterrence for the Armed Service committee and the need to modernize nuclear is based abilities russia, china and other nations close. This is just over two hours. Good morning. The committee receives testimono from anthony, commander of u. S. Teaching in general. Service to the nation and extend our thanks to the men and women who serve with you. As in the past we have asked the commanders the stratcomnd spacecom to testify together. Until 2019. Spacecom was a part of Strategic Command. Mr. Reed as continues as an independent command, its important to identify any gaps or seams that emerged during the transition. On the global stage, russi to b. Recent press reports state that russia is considering violating International Space treaties and endangering the global use of s