Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panels of Witnesses Today on the economic subcommittee focusing on a very important topic and i think theres a lot of bipartisan interest in and that is the economic geostrategic challenge with the rise of china poses for the United States not just today but in the future. The calmness party led peoples republic of china through unfair treatment practices and intellectual property theft market manipulation and very prominently in my view not reciprocal treatment not just in the economic realm but in many realms has been a force in the Global Economy that undercuts the resiliency of the u. S. Economy. Its been one of the worlds fastestgrowing economies averaging close to 10 growth from 1979 to 2015. In 2014 china overtook the United States as the Worlds Largest country in reducing power according to the International Monetary fund. I believe there is a strong bipartisan interest and hopefully we
Research discusses the role of Unemployment Insurance. The d. C. Doc reviews court of appeals as it read good morning. With less than three months to go until election day 2020 and with an unprecedented number of americans expected to vote by mail amid the coronavirus pandemic, the u. S. Postal service has emerged as a flashpoint. Questionedrump has the Postal Service possibility to ensure the security of mailin ballots while democrats in congress have raised concerns about leadership changes at usps and called for major funding increases. This morning we are asking you about your level of trust in the Postal Service when it comes to elections. The phone lines are sprayed up regionally. In the eastern or central time zones. 202 7488001 in the mountain or pacific time zones. A special line for current and formal poster former postal workers, 202 7488002. You can also send us a text at 202 7488003. Please include your name and where you are from. Catch up with us on social media. A very
His response and what that did for markets. You are going to do a data check in the appropriate crowd noise behind the data, but what is important to me is youve still got a bid to the market even within the quiet. Jonathan spare us the crowd noise when i do the market check. Peter navarro saying that the trade agreement was over. The president , his boss, correcting him pretty quickly. Ae socalled fiscal cliff, different kind of fiscal cliff going into july. What will happen with the fiscal stimulus we got months ago, and what will this administration do in the next 30 days . Lisa President Trump coming out in a Washington Post article, saying he perhaps does support the 1200 additional stimulus check to be sent out. The white house has yet to take an additional position take an official position. In election season, President Trump heading down to arizona in his latest bid to try to rejuvenate his campaign. They are going to be talking about the border wall. He is departing the white
Lauren why starbucks employees are up in arms about the companys latest viral venture set to launch this morning, wednesday, july 10th. Fbn a. M. Starts right now. Good thing, where have you gone. My good thing, youve been gone too long. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren lets take a look at how your money is moving this morning. Dow futures now down for the fourth day. Investors waiting to see if the fed will signal the first rate cut of 2019. Cheryl weve seen a move on the 10 year treasury over the last few days, the yield going higher, prices are lower, investors thinking that stocks and a little volatility might be a good thing. Lauren Oil Prices Also higher, a decline in stockpiles pushing the price of crude to 59 a barrel. Cheryl stocks in asia this morning, theres an interesting trade fight going on between the japanese and south koreans. The nikkei and shanghai under pressure this morning. Laur
Of leaked diplomatic memos. In the memos, he called the president inept and incompetent. Johnson and jeremy hunt, btw look and jeremy hunt, the two contenders to replace theresa may, will meet in their only headtohead to have debate in the campaign. Comes after numerous events around the country in which the candidates to questions individually from conservative party members. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Clues on awaiting more the path for u. S. Monetary policy. We will preview jay powells testimony to capitol hill tomorrow. Deutsche banks execution risk. Shares slumped and bonds sinking