Good morning, this hear is cool called to order. I want to welcome all the witnesses and thank you for your thoughtful, written testimony and looking forward to your oral tangherlini. Id ask my written Opening Statement be entered into the record. I want to make a couple comments. About really kind of what i want to see the goal of this hearing to be. Its similar to the the goal of every hearing is a base account problem solving process. This committee under my chairmanship developed a a Mission Statement to enhance the National Security of america to promote more effective and accountable government. The reason im pointing it out today is i cant think of a hearing that that Mission Statement is more applicable to. When we Start Talking about 5g were talking about the Economic Opportunity and the National Security risks. In order to take advantage of that and avoid the National Security risks. We need more effective government to step up to the plate to compete against what unfortunate
Awaiting in a valley a valuation for aramco. Branch toall of business. The u. K. Prime minister is set to office tax cuts when he speaks at the cbi annual conference and we are live at the event. A ban onng court rules facemasks is unconstitutional. The hang seng trades higher. Good morning, everyone. I am live from the cbi annual conference. And interestingly enough, this is the first time great to have you back, this is a percent they have been holding their annual conference in the midst of an election campaign. A lot of Political Uncertainty is hanging over this. The election will take place on december 12. We are used to holding it amidst the uncertainty of brexit. Boris johnson will be here later on perhaps offering and all of branch to business. Talking about property and r d. And in with that comes his deal on brexit. And on the other side, we have sir Jeremy Corbyn from the labour party who will also a here. He will be talking about taxation and adult education. Leaders attend
Points. Russell, the underperformers. Lets dive deeper into the action with our reporters. What were you watching . Abigail small moves for stocks, record highs, bigger moves for bonds. The 10 year yield down five basis points, the biggest move down, the biggest rally for treasuries. Lets into the context of a paul. By he said if the 10 year yield breaches the downtrend in yellow, that he would turn bearish. Could see the 10 year yield go up to 2. 15 . Mike in the Corporate Bond market, all eyes have been on this monster offering from add ve to purchase its to fund its purchase of allergan. It is the fourth biggest deal of all time. The biggest. Of the deer of the year the biggest of the year. If you look at the spread of investmentgrade bond, fell to a 20 month low of 104 basis points yesterday. That is according to the Bloomberg Barclays u. S. Aggregate corporate index. This obviously bodes well for what the bond market is really gearing up for. And that is what could be the biggest
Test. Test. Test. Test. Test. Test. We have really good arms in aa and aaa. I agree we need to work on the supply chain. President trump signed an executive order on may 15th of this year to declare it a National Emergency to supply to protect our Domestic Communications technology and that will soon be followed by binding regulations later this year. I think we 100 agree with the idea of virtualization will be very important to allow the breakup of the propriety lockins that many providers have today. It could be very competitive with regard to some of the current providers. On the mid band point, under the tmobile sprint merger, theyre required to cover 97 of the u. S. Population and six years cover 99 of the u. S. Population. Theyre going to proceed on the 3. 5 gigahertz midband spectrum next summer. But the millimeter wave is going to be so important who are going to require throughput. Thats the kind of beauty of that technology, it doesnt go as far, but it has the greatest amount
Program two years ago, but lower courts blocked the move. Police in hong kong more the city is on the brink of a total breakdown. For a second day, they fired tear gas in the financial district and battle with protesters. Clashes continued late into tuesday evening. Protesters have called for more disruption to the citys Transit System on wednesday morning. While fires are burning at emergency level intensity across australias most populous state and into sydney suburbs. Authorities have warned most people in the path of the flames that there is no longer time to bleed. Flee. The world me a Logical Association classifies this as a , is atophic fire morning the top of the danger scale in australia, and probably anywhere. 10 of fireextreme days, how they measure the fire increased in recent decades across many regions of australia, especially in southern and eastern australia. Mark she adds it has been the second warmest january to october on record for australia as a whole. She notes th