A lower court has already ruled in favor of the committee. This is an hour and 40 minutes. We will hear argument in donald j. Trump versus committee on Financial Services. May it please the court, Pat Strawbridge on behalf of President Trump and the other plaintiffs and in this case. Theres no doubt the dispute comes to the court involving the house of representatives on one side and the president and his family members and related business on the other, bearing obvious weight and importance. [inaudible] certainly, the president is standing here before the court in his individual capacity that is what your complaint says that is the role we have as the plaintiff. But i do want to note the number of statements we rely upon and the Background Information and subpoenas makes it clear that these subpoenas are being targeted to the president because he is president. When you say because, are you raising motive . I am not raising motive, i am looking at the real object of the subpoena. That
Activeization of the defense strategy. As highlighted earlier this year, the army confront environments that are increasingly competitive and volatile. They threaten our interests and those of our allies. In light of these, the army has achieved commendable progress on readiness and form over last couple of years, but the threat remains significant in the budget remains finite. Theres much more work to the and we are ready to provide a class research. As many of you in the audience exclusively focused on National Security and foreign policy. Except nopartisan and funds. This seeks to remote on a bipartisan basis and understanding National Security strategies and a range of other government capabilities max 8, itso secure citizens, allies and reserving piece. Experts were closely on a number and financial power and center on Cyber Technology innovation with the goal of integrating all tools of American Power to achieve Better Outcomes for america than and for our allies. [inaudible] , i
Breakthrough with the u. S. You dont get security by praying for it. You must invest, you must do what is necessary. And the europeans need to take the necessary action. The United States has, in my view, shot itself in the foot by withdrawing. Matt welcome to bloomberg surveillance. Lets check in on the markets right now. Here in europe, we see drops across the board. Not as steep as they were at the , but you can still see the stoxx 600 is down. 3 . And some of the individual or regional indexes are down further. The dax, for example, down. 6 . Down, as yous are would expect, with a big drop in netflix in overnight trading. Netflix said u. S. Users actually shrunk, shocking the market. Dragging on and adding to an already bad earnings picture. The u. S. Dollar is down. 1193. 55 and other currencies, especially the yen, are getting momentum. Coming up, we speak to the chief officer of a lecture looks electrolux. There are a slew of earnings coming out and it is moving the needle. Lets
Import bank with chair Kimberly Reed. This is an hour and 20 minutes. [inaudible conversations] the committee will come t the committee will come to order. Today the committee turns its focus to the export import of the United States. Just last month the Senate Confirmed Kimberly Reed to be president and chairman of the Export Import Bank along with board member spencer bach cuss and judith pryor. The nominations of claudia slei Board Members are approved by this committee and pending on the full senate floor. United states exporters are able to compete very effectively in intern International Markets on the basis of price and quality. However, when foreign governments provide subsidies as a matter of policy and general practice to their exporters, u. S. Exporters are placed at a competitive disadvantage purely because of such financing arrangements. According to the 2017 xm bank, competitiveness report, chinese export credit agencies provided more medium and longterm investment suppor
Broadband be a polluted night sky . We will take a look at an emerging debris problem. To our top story, facebook plans to create its own crypto muchncy, libra not getting love from u. S. Lawmakers, in fact, getting skewered. You can now add fed chair Jerome Powell to that list. Take a listen to what he told the Financial Committee earlier. While the project libra raises many serious concerns regarding privacy, Money Laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed. Facebook has a couple billion plus users. You are looking at the possibility of a very broad adoption and if there were problems, they are associated with Money Laundering, tariffs financing, any of the things we were focused on including the company, they would arise to systemically important levels because of the size of the facebook network. I think it cannot go forward without there being brought broad satisfaction with the way the company has a