You can take your seats. We want to take advantage ofg to the opportunity to give the secretary some time for the give and take and the dialog that we are going to embrace here for the next couple ofhink hours. I think we can proceed on the first issue so that we can get so, firs to the chairman, it is of no controversy. Mor so, first, let me call the waysa and Means Committee to order, before turning to our hearing thise morning, the committees aint budget for fiscal year 1974. 2021 in accordance with the congressional budget act, of 1974 in house rules for f, you will find a copy of the letter ininbr front of them, you will receiveubmit it in advance of todays notice the. Thank you for working with me on refl able to wholcan submit a conse document that reflects the a priorities of the ways and n means community. They will consider as open for amendment r at any point, and if there are no amendments i will now recognize mr. Thompson for the purpose of offering a motion. Imat i move t
You can take your seats. We want to take advantage ofg to the opportunity to give the secretary some time for the give and take and the dialog that we are going to embrace here for the next couple ofhink hours. I think we can proceed on the first issue so that we can get so, firs to the chairman, it is of no controversy. Mor so, first, let me call the waysa and Means Committee to order, before turning to our hearing thise morning, the committees aint budget for fiscal year 1974. 2021 in accordance with the congressional budget act, of 1974 in house rules for f, you will find a copy of the letter ininbr front of them, you will receiveubmit it in advance of todays notice the. Thank you for working with me on refl able to wholcan submit a conse document that reflects the a priorities of the ways and n means community. They will consider as open for amendment r at any point, and if there are no amendments i will now recognize mr. Thompson for the purpose of offering a motion. Imat i move t
Where we bring you todays market moving news from around the world, from hong kong to london, madrid, paris, and washington. We want to start with the latest trade development. President trump signals he would be willing to wait for another year before striking a trade agreement with china. Pres. Trump in some ways, i like the idea of waiting until after the election for the china deal, but they want to make a deal now. We will see whether or not the deal is going to be right. Its got to be right. Alix joining me from hong kong is enda curran. This is very different from what we heard yesterday from President Trump. Value, it is clearly the strongest signal we have had yet from the white house that we may not have this trade agreement by the end of the year. I think it will probably, something of a shock to both the chinese and Global Investors who have pretty much been banking on some kind of agreement by the yearend. But remember, we still have this deadline of december 15 for when t
Authorities. On digital john deal with the u. S. And france are waging a terrible war of words as the nations leaders meet in london for richer the British American Business Association is on hand to dig into the details of how tech tax is driving the escalation plus as your team of guard has taken the reins at the e. C. B. She has already made some Firm Commitments for the central bank professor of economics on patriot and steve keen joins us from amsterdam to break down the banks move and the central what Central Banks have come under fire around the globe we have a packed show today so lets get right to it. The trombone ministration is considering reviving a plan to kick qual way out of the u. S. Banking system this proposal was previously is considered by the White House National Security Council as a Nuclear Option to sanction the company but was ultimately shelved due to the aggressive nature of the sanction this plan would put quality on the treasury departments best so it actua
For the u. S. As well this designation would prohibit American Companies or citizens from trading or conducting Financial Transactions with qual way and freeze its x. 6 held in the us this would also put pressure on u. S. Allies that already rely on a hallway for their 4 g. Networks and have broad widespread implications severely impacting businesses in europe and asia outside of china so with huawei sprawling size and dozens of subsidiaries it would severely complicate us in force and make it difficult to foresee and prepare for major fallout both foreign and domestic while a is finding itself increasingly unwelcomed in the United States and is planning to relocate its Research Center from the u. S. To canada hallways spend almost 5 110000000. 00 on its u. S. Research facility last year and since the us started its campaign to block wa way under the guise of National Security concerns wa is has had to trim its research arm by 600 bodies down to 250 talent recruitment became a child. T