The chair lays before the house a communication. The clerk the honorable the speaker, house of representatives. Sir, pursuant to section 3 of the elliss spotted bear commission on native children act, public law 114244, i am pleased to appoint dr. Dough lore rest big foot to the commission on native children native children commission. Thank you for your attention to this appointment. Signed, sincerely, nancy pelosi, democratic leader. The speaker pro tempore for what purpose does the gentlewoman from tennessee seek recognition . For what purpose does the gentlewoman from tennessee seek recognition . Mrs. Black mr. Speaker, i ask unanimous consent that all members may have five legislative days to revise and includeheir remarks and extraneous material on h. Con. Res. 71, currently under consideration. The speaker pro tempore without objection. Pursuant to House Resolution 553 and rule 18, the chair declares the house in the committee of the whole house on the state of the union for the
Want to call it that. Ten year note, man getting closer and closer as well. To the shorter term, in terms of the spread there. As you see, were at 2. 2. Crude is down after what had been a little bit of a rally of late. You can see also as well brent cruise down. Lets get to the big road map. It does start with the trump slump. As you just saw futures are pointing to another lower open and investors are wondering about new political turmoil. What it will mean for the gops pro growth agenda. Plus, the president takes to twitter calling the fbi and congressional russia probes quote, the greatest witch hunt of a politician in american history. Cisco, it warns, shares fall. Company announces a weak outlook and about 1,100 job cuts. Ceo Chuck Robbins will be with us in ten minutes from now. Well talk to him about that. And including perhaps what was less spending than they had anticipated from the fed. A lot of problems there. Yeah. We have a lot to get to. Futures of course lower in a day
Bring the money home. Anchor this is daybreak asia, coming to you from u. S. And asian headquarters. I am betty liu, where it is just after 7 00 p. M. Yvonne i am yvonne man. Breaking news out of south korea. A beat on all fronts for the month of july. The core cpi coming in at 1. 8 year on year. The headline figure above the 2 target for the bok. The0 basis points from previous month. The month on month numbers, kicking up a little bit after we saw moderation in the second half. We will see if the bok will react to any of this. It might be staying on hold for some time. Betty indeed. We will be watching for any movement here on the inflation as we mentioned. Askingf central bankers about inflation these days. In the market,e a lot of the questions are really around washington. When does the turmoil stop . When does the turnover stop . That weighs on markets. Up 50ped along and ended points. The nasdaq also lower. We are waiting for some big tech earnings including out from apple. Noth
Measure. Overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1. 3 , that is a 2 1 2 month low. Hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1. 25 and for stocks in italy and in spain if you want to check out what has been happening with currencies, the yen has been picking up some ground this morning. It is considered a traditional safe haven right now it looks like the dollaryen is at 109. 77, dollar up against the euro. Also seeing a big move in the swiss franc, seen as asafe haven trade. You check that out this morning, but weve also seen gold a little stronger and u. S. Treasuries picking up a bit as well and big news, disney says that it will pull its movies from netflix and launch its own streaming service, it will take several years to complete. Disney making that announcement as it released Quarterly Results
Threaten strengthening how the department fights terror. I strongly believe and understand that there are very, very important tools within the Treasury Department that can come pat terrorism and that many of these tools such as sanctions are extremely effective and keep our Armed Service out of harm. So i am fully committed to the maximum amount of law to both enforce the existing sanctions in a very strict way and i will work with the president elect as he sees fit on additional sanctions and there are also other programs within treasury that i believe are very, very effective in fighting terrorism. Its a very important part of the treasury. And i know that that has been done very effectively. We all agree its important. What were trying to do is assess your qualifications. You havent been willing to talk medicare, havent been willing to talk specifics on terror. Lets talk about qualifications on the committee on Foreign Investment because this is Something Else you would have respon