Markets have just come online. Grace we are getting down to asias Major Trading opens. The rally on wall street as traders look ahead to the latest inflation print for clues on where the fed reserve will go next. Quick satilla to assets. Bitcoin has tended to go for the first time in the debt after disappointing chinese demand. And President Biden lays out his budget plans as he gives out for reelection battle with donald trump. Lets look at the set up as we get into some trading here in australia. Looking for a pretty mixed opening across the region. A cautious session on wall street. And in inflation data. We are seeing pretty flat trading here in sydney. We are watching some of the commentary from the rba this morning. Talking about some of the caution. Quite a bit of caution across this area. Even across asia. Taking a look at the equity session. We did have the recession for australian stocks in a year ahead of the u. S. Cpi. That biggest loss all year potentially set to extend in
[background noises] [background noises] the committee will come to order. Without objection the chairs authorized to declare recess of committee at any time. Im before we begin secretary has informed us she has only two hours available for this hearing. So in the interest of time Ranking Member and i are remedying ourselves to very brief Opening Statements we are asking the secretary to do the same. Additionally we get as many members as possible a chance to ask questions. And in concurrence with the Ranking Member i ask unanimous consent to limit each members q and a to four minutes without objection. So ordered. Out also like to request unanimous consent to submit to statements for the record for bt the first is from chairman lucas who could not be with us here today. As you know he has had a terrible accident with a bowl, he is a rancher. And he is recuperating. We look forward to his return soon because his leadership is dearly missed. The second as a full Opening Statement from my
[background noises] [background noises] the committee will come to order. Without objection the chairs authorized to declare recess of committee at any time. Im before we begin secretary has informed us she has only two hours available for this hearing. So in the interest of time Ranking Member and i are remedying ourselves to very brief Opening Statements we are asking the secretary to do the same. Additionally we get as many members as possible a chance to ask questions. And in concurrence with the Ranking Member i ask unanimous consent to limit each members q and a to four minutes without objection. So ordered. Out also like to request unanimous consent to submit to statements for the record for bt the first is from chairman lucas who could not be with us here today. As you know he has had a terrible accident with a bowl, he is a rancher. And he is recuperating. We look forward to his return soon because his leadership is dearly missed. The second as a full Opening Statement from my
[laughter] today we have with us mr. John roth. Secretary of defense and comptroller. Staffeutenant general, director for resources and assessment. This briefing will be 40 minutes in briefing and on the record. We will start off with opening comments and then open the floor to questions. Thank you. Good morning or good afternoon. Good to see you all. I am not going to do a genetic reading of the book, i promise it is just therefore reference. Ourill walk through andentation of the budget between the general and myself we will try to answer your questions as best we can. Today resident trump sent to congress is proposed fy 2018 budget request. What we will do is outlined the request for the Defense Department. Line, thehe first message is really on the first slide the intent is the fy 18 budget request be the next step in rebuilding the u. S. Armed forces. From the first and the building, talked in terms of a threestep process and how to get there in terms of getting ready, getting bal
Rex tillerson, and were watching of course his daugherty have to think acome down with her three children and guess what . Its not just ivanka. Nearly every Single Member of the president s cabinet who deals with global and National Security is waiting to brief him on the issues that are developing. Both with of course syria and north korea and who else is waiting for him . Chinese president waiting on that 24hour high stake summit to begin between he and donald trump setting the framework for what kind of relationship he may really strike. The president hinting already just a few days ago it would be quote a very difficult meeting but the question remains will he be receptive everything from trade negotiation and north koreas threat after President Trumps all out verbal attack agait chinas trade abuses. All right. As were waiting to hear what is about to happen, let me get to fox business blake burman because hes there and whom will he meet right away because i know president xi is wa