And subcommittee on Global Competitiveness will come to order. I know this seems a little strac strange with an empty room except for three witnesses live in front of me and many of our colleagues are going to be joining us virtually. But i want to welcome all of you nonetheless to this important hearing. This subcommittee continues to do its work in exploring the unfair trade practices of foreign governments, especially china and russia. The topic of censorship in china is a common one because it is growing effect on business in the United States as well as culture. Last fall, for example, the National Basketball association had the Market Access blocked in china because an individual american citizen using a media platform not allowed in china expressed a political opinion. Now the topics have become more manufactu important. The timely information about the spread of covid19 due to chinese censorship has contributed to the havoc wreaked on our economy and health and indeed the pande
Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
To the second u. S. Circuit court of appeals for oral argument in a case where President Trumps attorneys will ask the court to block access to the president s financial information. In this case. There is no doubt this dispute comes to the court involving the house of representatives on one side and the president and his family members and elated businesses on the others. There is weight and importance in his individual capacity and not his official as the complaint says. The president is standing before the court in his individual capacity. It is the complaint that we have and the role we have for the plaintiff. I do want to note the number of statements three rely upon and the Background Information makes it clear that these subpoenas are being targeted to the president because he is president. Because, are you raising motive . I am not raising motive but looking to at the real object of the subpoena is. That is another really way of saying why they are doing it. Precludes motive an
This is an hour and 40 minutes. We will hear argument in donald j. Trump versus committee on Financial Services. Court, thereshe no doubt the dispute comes to the court involving the house of representatives on one side and the president and his family members on the other. I do want to note the number of statements three rely upon and the Background Information makes it clear that these subpoenas are being targeted to the president because he is president. When you say because, are you raising motive . I am not raising motive but looking to at the real object of the subpoena is. That is another way of saying why they are doing it. The motive precludes motive and rises above concerns that the house or the congress has taken one action and we think they are not. They are not taking the action you can delineate from their statements from authorizing resolutions themselves. There is Something Else completely going on. Many of the cases make it very clear you can inquire into what the real
I do want to note the number of statements three rely upon and the Background Information makes it clear that these subpoenas are being targeted to the president because he is president. When you say because, are you raising motive . I am not raising motive but looking to at the real object of the subpoena is. That is another way of saying why they are doing it. The motive precludes motive and rises above concerns that the house or the congress has taken one action and we think they are not. They are not taking the action you can delineate from their statements from authorizing resolutions themselves. There is Something Else completely going on. Many of the cases make it very clear you can inquire into what the real object is and what the legislative purpose is. Is that the real object as distinguished from no other object . In other words, they put something up as just a sham. I think the court in watkins is clear about this. The court is obligated to look carefully especially in a ca