Good afternoon everyone and welcome to the sign institute of policy and politics summer series sign of the time. Im amy, executive director and at the sign institute we are a laboratory for University Wide collaboration and incubator for policy innovation. It can mean the best and brightest of the public, private, academic and nonprofit sectors as well as journalism and its program is only possible by a generous gift from our alumni, jeff simon and his wife meera for todays topic is the path to recovery, what is the true state of the u. S. Economy and it cannot be more timely. We would like to take a moment to acknowledge our cosponsor for this event, the school of business at American University and to think the dean for his support and also thank the distinguished leaders joining us today from our board of trustees and alumni board members. It is my pleasure at this time to introduce the people who will be leading this incredible conversation. Sylvia Matthews Burwell is president of
This webinar will have a straightforward format after my introduction he will offer 10 minutes or so of remarks, then i will have questions for the senator and we will have a discussion about the economic challenges facing our nation and what congress should do to address them. We will take a couple of questions at the end. Thank you for joining us. If you have a question for senator rubio, submit it by email. Econtalk on aei twitter. Those are listed on the events web page. I am honored to be joined by senator rubio, thank you for being here. Senator marco rubio is the senator from florida, served in local state government, including as speaker of the Florida House before being elected to the senate in 2010 and reelected in 2016. He serves on the Senate Committee of appropriations, the Foreign Relations committee, the special committee on aging as acting chair of the select committee on intelligence, and most important to our discussion is chairman of the Senate Committee on Small Bus
Nejra welcome to daybreak europe. A fourth day of green on the screen for asian equities. Donald trump has talked about being in the final throes of coming to a phase one deal. A mixed picture below the surface. We are seeing a weakness in chinese equities, after the biggest drop on industrial profits on record. The u. S. Benchmark hit record. The fx, the aussie is the underperformer in g10. A two rate cut call for the rba. Some poll showed yesterday that the conservatives are narrowing their lead over labour. Oil slightly off on the back inventories. On donald trump says the u. S. Is in the final throes of a trade agreement with china signaling progress on a deal that has been years. Works for two but in a interview with the fox news host, trump said he is holding up the trade deal to ensure better terms for the u. S. Joining us is Patrick Armstrong. We keep hearing records on all u. S. Benchmarks, does it surprise you . Patrick it is a narrative that that is why we are hitting new fe
I am joined with two Close Friends of mine and im probably the only person who could say this in the entire world, i work with and for both of them but i want to disclose my conflict of interest to start with. General shanahan went to michigan go blue. Rotc to enter the service of our country 1984. He has been promoted a gazillion times in charge of intelligence and operation activities and eventually we needed somebody off operational to have ai with the dod he was the Perfect Choice i worked with him as my role as chairman. Kent walker was a federal prosecutor law and order federal prosecutor who chose to come to Silicon Valley working with ebay and google snagged him about 15 years ago. Weve worked every day together and during that time that only set up the Legal Function but in charge of all global policy. Very significant players. What i thought we should do since you have heard from me is simply start and perhaps kent had to make some comments about the world you see today. Than
Wall street Global Economy editor Jon Hilsenrath. Great to see you guys. We have a lot coming up. James carafano. Mohamed on the economy and markets, former pennsylvania governor on 2020 race and policy director Peter Navarro joins us talking trade, markets and the fed, dont miss a moment of it, big 3 hours, markets have a firmer tone, mix trading dayiest, we are waiting on crucial speech this morning from Federal Reserve jay powell, the central bank chief addressing commentary policy and future rate cuts, we have Jon Hilsenrath to tell us what youre expecting, jon. Jon itll be hard for powell to go on a limb, theres a lot of Division Within the fed itself. We talk about the pressure that powell is under from President Trump. President trump wants him to cut rates, theres some he is attendance as we reported earlier this week about half of the Regional Bank president s, one eager to move rates down at the last meeting, powell has to set the table carefully. You had exclusive and fantas