Ways vehicles can become more energy efficient. Representatives from General Motors, toyota and center for Automotive Research. The committee will come to order. A little unusual to be here at the Convention Center for an energy hearing, but i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show surrounded by the latest and greatest the Auto Industry has to offer. I am joined this morning by senator stabenow from the great state of michigan. She tells me while the washington auto show is good, the Detroit Auto Show is great. That might be the rlocale next year on the same subject. I appreciate you sitting in for senator cantwell. I understand senator manchin will be with us, but i want to thank the city of washington and the National Auto Dealers Association that puts on the show every year for helping us coordinate the hearing. The host of technologies that ha
Good morning. The committee will come to order. A little bit unusual to be here that Convention Center for an energy hearing. But i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show, surrounded by the latest and the great the Auto Industry has to offer. Im joined this morning with vice senator stav no from the great state of michigan and she as if krjed me that while the washington ought so show is good, the detroit ought so show is great. So that might be the locale for our next field hearing next year on this same subject. I appreciate you standing in or sitting in for senator cantwell, our Ranking Member on the committee. I understand senator mansion will also be with us but he is enjoying the auto show right now and he will be here as soon as he can steal himself away from some of the latest and greatest. I want to thank the Washington Area new Auto Deal
Good morning. The committee will come to order. A little bit unusual to be here that Convention Center for an energy hearing. But i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show, surrounded by the latest and the great the Auto Industry has to offer. Im joined this morning with vice senator stav no from the great state of michigan and she as if krjed me that while the washington ought so show is good, the detroit ought so show is great. So that might be the locale for our next field hearing next year on this same subject. I appreciate you standing in or sitting in for senator cantwell, our Ranking Member on the committee. I understand senator mansion will also be with us but he is enjoying the auto show right now and he will be here as soon as he can steal himself away from some of the latest and greatest. I want to thank the Washington Area new Auto Deal
Bloomberg asia. Checking on markets, lets head to new Zealand New Zealand to be gainingen for three consecutive weeks. The kiwi dollar has seen a falling for the last three consecutive sessions. Down to thecounting opening in australia. Japans nikkei ending 3 higher. Futuresand make a pointing to slightly higher futures pointing to slightly higher. Manufacturing data coming out later today. An economic slowdown. The gauge slipped to a fivemonth low. Yvonne has been taking a look at this. It may be time to take more action. That it justsigns was not stable. Market juste stock makes things more obligated. In july. Pmi 50 anything above 50 indicates expansion. There are talk of fresh fiscal spending in the picture just to make sure china can reach that growth target by the end of the year. Continuing pressure for the second half. Numbers tosimilar the 50. Deterioration. It is facing more difficulties there. There is a measure of services and construction that turned out better than expect
To buy the company for about 30 billion. Down es of shire lets move on to oil and gold today. All in the green. Nymex crude up 1. 8 at 4602 46. 02. Betty a check on how the bond markets are trading right now. Treasuries are falling on speculation that inflation will rise toward the fifth 2 target. Feds 2 target. Puerto rican bonds taking a dive. That is year to date, down 11 . Meanwhile, in the currency markets which have seen their own fall off, the dollar is falling from a fourmonth high. It is still stronger than most of its major peers. Lets get a look at the top stories at this hour. Shire making an offer to buy x axalta. For 30 billion in shares. 36 represent a premium of and valleys the stock at 45 per share. There is no deal on the horizon right now. Alta has failed to engage in substantive discussions. The company agreed today to buy ipc health care the all caps deal is worth 1. 6 billion. It were presents a premium of 30 percent 37 over the close yesterday. Ability toand its