Manage our countries physical health, and that starts with the developing of a responsible budget. We passed a budget out of committee in the eight years that republicans were in the majority. I wish my colleagues on the democrat side would have done the same. They have not seen it that way. So right now, we do not have a budget. The 10 Appropriations Bills that have passed have been largely partisan bills that exceed the caps. They are not going to go anywhere, because they just, they will not work. And it is very unfortunate that we are in the situation we are in. Host can you explain to the audience where we are at as far as the budget caps . Guest the budget control act put caps in place and go above those we must pass legislation to raise those caps. And we do not have a cap steel. The reason is our democrat colleagues will not come up with ways to offset that increase in spending. The tenant perspiration bills the tenant probation bills they have passed increased spending with no
Talking about there the socalled jedi contract, its about a 10 billion contract related to Cloud Computing for the pentagon amazon is seen as the frontrunner for that contract it is a big, big number. Here the president saying that other Technology Companies are complaining about the way it was handled. Hell take a look at it. He doesnt specify exactly what it is hes going to do about that contract or how it will be awarded but poses difficult Business Decisions for them. There will be a political overlay onto this as well, tiger. As you know the president is a robust critic of jeff bezos, irked by his ownership of the Washington Post which the president says he feels is unfair to him calling it the amazon Washington Post. This could be seen by the president s critics as an effort to get back at jeff bezos. Well see where this all plays out. No guidance from the white house yet as to what steps the president will take here but sending a shot acrowe the bow. Secretary steven mnuchin. Re
A jam packed show today so lets go ahead and dive right in. The ongoing trade war with china leads our global report again today as wall weighs Consumer Division c. E. O. Richard you confirmed an indefinite delay in the companys much anticipated new line of laptops while we was set to reveal a new line of windows laptops at c s asia in shanghai this week although they didnt plan on a while announcing a release date trade sanctions imposed by the u. S. Government have hampered wall weighs ability to procure products from American Companies including Microsoft Software and processors made by intel you also told c. N. N. We see on one stay the weiwei may never be able to release their new laptops if the Company Remains on the u. S. Commerce department list. Despite the setbacks in the Consumer Electronics field while his chief strategy architect one sean told the Financial Times while was working with volkswagens audi and a joint venture between chinas g a c and japans toyota busy to prov
Field while his chief strategy architect one sean told the Financial Times while was working with volkswagens audi and a joint venture between chinas g a c and japans toyota to provide their a tech for self driving vehicles the waterway executive added that he expects the vehicles with autonomous driving components in 2021 or 2022 and that they would be available in china and europe. From tech to food in china the countrys consumer inflation grew to its highest level in 15 months and may the Consumer Price inflation rate jumped to 2. 7 percent in may thats the highest level since february of last year the number grew 2. 5 percent in april the spike is mostly due to the ongoing african swine swine fever outbreak in china that is pushing up the prices of pork and weather issues that have caused a shortage of supply of fresh fruits that plus the ongoing trade dispute between the u. S. And china has created uncertainty in chinas economy fresh fruit prices rose in may by a record 26. 7 perc
Working with volkswagens audi and a joint venture between chinas g a c and japans toyota busy to provide their a high tech for self driving vehicles the waterway executive added that he expects the vehicles with autonomous driving components in 2021 or 2022 and that they would be available in china and europe. From tech to food in china the countrys consumer inflation grew to its highest level in 15 months and may the Consumer Price inflation rate jumped to 2. 7 percent in may thats the highest level since february of last year the number grew 2. 5 percent in april the spike is mostly due to the ongoing african swine swine fever outbreak in china that is pushing up the prices of pork and weather issues that have caused a shortage of supply of fresh fruits that plus the ongoing trade dispute between the u. S. And china has created uncertainty in chinas economy fresh fruit prices rose in may by a record 26. 7 percent year over year and cork rose by 18. 2 percent over the same period of t