Departments. The chair is authorized to have five days to submit materials for inclusion in the record. This hearing is entitled examining the operations of the committee on Foreign Investment in the United States. I now recognize myself for five minutes to give an opening statement. The free flow of capital is a bed rock tenant of a United States economy. Ensuring that free flow worldwide has always been a bipartisan goal and im proud to serve as cochair of the Global Investment in america caucus along with our colleagues mr. Holding, mr. Himes, and mr. Meeks. It promotes Global Investment in the United States economy and helps educate members about the importance of Foreign Direct Investment. Today, the United States is both the largest Foreign Investors and the recipient of the largest amount of capital investments. That capital has provided a good deal of the energy that kept our enemy vibrant. Compensating to some extent for our low National Savings rate to provides the fuel for g
The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimistic outlook for the Current Quarter for the full year, and some relief for investors that the chip design flaw is not waiting into the forecast. , up 12. 9 k at abbvie after beating a
Similar decline for the hang seng shanghai off by 0. 3 then in some early trading that weve seen here in europe, you will see things are higher in most of the markets. Germany is the one counter indicato indicator. The cac is up by a half percentage point stocks are higher in london as well checking out things, the yield on the tenyear, 2. 648 . Yesterday the dollar skidded to a threeyear low after those comments from treasury secretary Steven Mnuchin, embracing potentially a weaker dollar and it would be good for trade dollar down across the board again this morning the euro at 1. 2413 the yen at 109. 01. Oil at threeyear highs. Whoa. 66. 04 for wti, and brent at 70. 78 a barrel. Lets get to the sttop stories. Treasury secretary Steve Mnuchin making more comments about the dollar in davos. Saying the administration is not concerned about the level of the dollar in the shortterm at a press conference yesterday he said the weaker dollar is good for the u. S then wilbur ross came on our
Here in europe, the focus is on 04 earnings in full swing today. And well be getting the inside track on unleashing the beethoven in your babe. Did you know theres a simpler way to teach music to your child . We speak to the inventor of the novel Musical Instrument soundbops. And we want to know what you think about the diesel debate. Are you ditching your diesel . Should the government decide whether to ban the most polluting vehicles . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to business live. Europes car industry is on tenterhooks today, awaiting a German Court Ruling on whether cities are allowed to ban diesel cars. If its approved, other big european cities are likely to follow suit. In fact some have already made moves. The leaders of four major Global Cities pledged to ban all diesel powered cars and trucks by the middle of the next decade. Paris, mexico city, madrid and athens all say theyre doing it to improve air quality. Londons mayor sadiq khan has in
Welcome everyone to the second day of the 2018 meeting o of the nations governors. Yesterday with great discussions of how governors are white with our H International partners wih australia to enhance their economies, advancing the food and Agriculture Industries in their states, and tackling the opioid crisis. I really do want to extend my thanks to our australian friends, our mates, i guess as we affection to call them, and the individual governors who led the sessions yesterday. I thought they were extraordinary. I know i can speak myself and speak for the upper governors that weor learn so much so far, and today promises to do the same. We also had a great evening last night, a bipartisan Relationship Building during the nga party so hope everyone had a good time with that. This winter meeting we are privileged to have attended for marquis domestic partners including former governors and white house intergovernmental staff. Their presence is really appreciated and we thank you for