This is 3. 5 hours. The committee will come to order. Welcome to the ways and Means Committee hearing on increasing u. S. Competitiveness and preventing american jobs from moving overseas. Before we get started, i want to take a moment to speak about the evil terror attack that occurred last night in the united kingdom. Our deepest condolences go out to the victims, to their families and their loved ones. Please know that you are in our prayers. Today, were continuing our work on pro growth tax row form that will improve lives all americans. This mornings hearing is strengthening americans pro competitiveness and preventing jobs from moving overseas. For years americans have watched as our manufacturing plants, middle class jobs and longstanding u. S. Companies have moved overseas devastating communities and the families that depend upon them. Hundreds of thousands of goodpaying american jobs have left and continued to leave to china, mexico, ireland, and other foreign countries. Some
Before we get started i want to take a moment to speak about the evil terror attack that occurred last night in the united kingdom, our deepest condolences go out to the victims, families and their loved ones. Know youre in our prayers. Today, were continuing our work on pro growth tax reform that will improve the lives of all americans. This mornings hearing is focused on strengthen americas competitiveness and preventing jobs from moving overseas. For years americans watched our our manufacturing plants, and longstanding u. S. Companies have moved overseas, devastating communities and the families that depend upon them. Hundreds of thousands of good paying american jobs have left, and continued to leave to china, mexico, ireland, and other foreign countries. Some of our communities have never recovered. Because when these plants and Companies Move overseas, local businesses housing value and local tax revenue disappear with them. Ive watched as 17 key Texas Companies have relocated t
Run. First, we start off with the brick and slaughter that went down today sinking more than 2 and amazon launches its prime wardrobe program. Nordstr nordstrom, j. C. Penny, chico getting slammed. Could this be the final nail in the coffin for traditional retail. For a lot of them, absolutely we give dan nathan a lot of crude, but you got to give him credit op this one he said the etf, worst chart hes ever seen ch he was right good for dan is it the nail in the coffin for a lot of these folk, yes weve been cyst enter on that. What ive been wrong on has been target i thought they held a huge level. The same low we made in 2014 and it looked like they were in terms of the stock, turning the corner a bit obviously, this thus came out u and its all bets are off. But where would i go i still think target is is interesting. But i think you got to buy it now to break it above 55 some is is just a mechanical reaction to last fridays news a Analyst Community weighing in. You had a bunch of dow
Nations that actually meets its financial obligations. The president prepares to head to germany next for the g20 summit. He will speak with several World Leaders including the highly anticipated meeting with Vladimir Putin takes place tomorrow. Delimit threat of north korea. President trump issued a warning over acts of aggression. Watch. I dont draw red lines. It is a shame they are behaving this way, but they are behaving in a very, very dangerous manner and said they will to be done about it. Resident travel delivers speech to the people of poland an hour from now. Well bring you his remarks live. Congressman Steve Scalise is back in intensive care this morning. He is back in the icu. Doctors downgraded his condition from fair to serious three weeks after he was shot at a baseball. The very latest this morning on Steve Scalise. A popular Tourist Destination may be forced to evacuate. The wildfire spreads near breckenridge. Details as they finally launches a satellite into orbit aft
Why something would come out of the blue that doesnt let us get to 22,000. These big levels, although meansless in the grand scheme of things do tend to acts like a ceiling or magnet and weve blown through a lot of levels recently so, you know, flip a coin if we do it today, tomorrow. But i dont think that that has anything really to do with what the way forward says a lot of the technicians that i talk to are talkingabout augus being seasonally not a great time, its actually the worst month for markets over the last 30 years its in average decline of a little bit less than 1 . But that is the backdrop but that doesnt always hold. The trend is certainly your friend as they say were going to close in on this it r 22,000 milestone. May hit it within the next 59 minutes or so of this program. But what are investor supposed do, is that the sign of Better Things even yet to come or as howard m marks would say, maybe time to reduce the risk. Greenspan talking about a bond bubble even though