Morning, everyone. The committee will come to order. Were here to examine the deferred maintenance needs of the public Land Management agencies. This is a topic i care about. I know each of you certainly, the folks on this committee, have expressed concern. Not just coming into this hearing today, but, really, over the years. When we consider deferred maintenance, we most commonly think of the 12 billion maintenance backlog accrued by the National Park service. We consider that here in the committee at great length and it rightfully continues to attract a great deal of national attention. But somehow and sometimes overlooked in this conversation are the deferred maintenance needs of the other federal Land Management agencies, including the Forest Service, the bureau of Land Management and fish and Wildlife Service. Combined with the park service, these four agencies face a deferred maintenance backlog totalling 19. 4 billion. Thats worthy of repeating. Within these four agencies that g
It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be
Test. Captioning performed by vitac with Glacier National park totaling 131 million and yellowstone National Park which we share with wyoming, i think the senators of wyoming say its more than a share, they have most of it in wyoming, that backlog is growing close to 600 million. I wouldnt be surprised if that number perhaps goes up even higher. If left unchecked there will be impacts in our Outdoor Economy, there will be impacts to our gateway communities like gardner, like cook city and like others. Thankfully congress is working together and taking action again with this bipartisan restore our parks act, and im grateful Ranking Member on the subcommittee angus king and i and the rest of the committee are working in a truly bipartisan fashion to put legislation forward that would bring a solution to this problem. I hope we can pass this out of committee soon and ultimately send this to President Trumps desk. But its going to take more than just one to fix this issue. Mr. Cameron, Yel
And three oracle woman are looking to bust the class ceiling. The company pays men more than women, for the same ork and want their lawsuit to be granted classaction status. But first, to our top story, may no terry longer be the chair of apples largest supplier but that isnt from trying to keep the relationship going for years to come. Hes stepped down from that role to focus on his campaign to ecome president of taiwan and he wants to make sure tensions between the u. S. And china dont apple to leave the country. Speaking from the perspective of ill pleadc of china with apple to come to taiwan. After its said they were asked to shift from china to southeast asia. Discuss, we have venture partner munster and in l. A. , loomberg text resident apple watcher. So there is some confusion about gou said. Y he made some remarks and then them. Clarify what did he say and mean . The context here is very important. A hink this might be getting little blown out of proportion because this is the
I am Katie Greifeld and welcome to bloomberg markets. You take a look at the markets and there is some red on the screen. The s p 500 off by about point read percent, a far cry from this time 24 hours ago. You look at the nasdaq 100 and the big tech names and it gets worse. The nasdaq 100 off by. 8 , not too big of a move but to the downside. This as we count down to the fed decision. That line is what you want to watch, the 10year treasury yield lower by one basis point. We are sitting at 4. 3 or so. Of course that meeting kicked off at 9 00 a. M. Let us dive deeper into the markets with catherine, the stone next financial chief market strategist. Let us talk about the fed but let us start about the bank of japan, the big news out overnight, the negative Interest Rate and the zero Interest Rate era is over. What could that mean for Global Markets . It could mean a bit of an impetus for more growth in japan, i think the negative Interest Rate policy was controversial in its effectivene