Will we had that 2 as we continue to get a trade deal . Time now for global exchange, where we bring you todays market moving news from all around the world. From hong kong to beijing, london and washington, our bloomberg voices are on the ground with todays top stories. In asia, chinese economy is showing signs of stabilization and regaining some kind of growth momentum in november. Chinas Industrial Production and retail sales both meeting estimates. Joining me on the phone is in an. Current is enda curr give me some of the details in the data dump we saw overnight. Enda these clearly signal that the economy is ending the year on a better note. 8 . Il sales climbed Industrial Production rose 6. 2 . Theres some caution around the fixed Asset Investment number, which only grew 5. 2 , but nonetheless, the take away among economists was it showed that the stimulus the government is rolling out is having some traction. There were some seasonal effects as well. But when you have a trade ag
Trade Representative Office is officially submitted usmca, the final language of the Deal Congress has votes scheduled in the ways and Means Committee on tuesday and then the vote goes to the full house, this is a ratification for the usmca clearing some of that and certainty. China, one longlasting part of this agreement, the ministration official says theres real enforceable protection for intellectual property of companies. The details of commitment to a number of areas like trade secrets, pharmaceuticals and trademarks and patents a as well as online infringement. It also addresses partly the force transfer of technology by removing the requirement that Foreign Companies have to partner with the chinese firm. The other big section of this for shortterm is agricultural bias. As Senior Administration official said chinese agreed to buy 40 50000000000 about a hundred dollars of agriculture for the next two years. It also has enforceable language. The president saying farmers will need
Without further ado please join me in welcoming carla hill and the speakers to the panel. applause again thank, you thank you. Big well im going to encourage you to take your seats and to join the conversation here, we heard and a prior Panel Questions about trade and not so many answers so we brought together a stellar panel that really represents a broad segment a of the western hemisphere and you could not find greater talent, so it is my great honor to introduce the panelists who will talk to you about rethinking our trade agenda and the, in the americas and its a challenging topic, we live in and certain times, not only in the western hemisphere but globally. But what we do in the western hemisphere can set an example and let me just tell you a sentence or two about each of our panelists. Sitting to my left is secretary mrsa birch or, who was appointed last october, the argentine as, secretary of International Trade in the ministry of production and labor, her assignment as descri
With me is erik wasson for bloomberg news, Speaker Pelosi said the house will be taken up legislation for lower Prescription Drug prices and has been marked up by three house committees, how does the bill reduce drug cost and warehouse Democratic Leaders one of the top ten priorities for the congress. This is a signature part for the People Agenda and something that President Trump campaigned on with coming to the meeting of mine and throughout most of this year they were negotiating on this bill and the end of the day they had to, against it and democrats were forcing a bipartisan vote. The 250 most expensive drugs and also pressure Drug Companies to apply the new lower prices to private insurance to a series of taxes. And unfairly limits competition could reduce up to 100 drugs that were produced by pharmaceutical companies and they are not going anywhere in the nearterm and Chuck Grassley the finance chairman have come up with alternative bill to rebate and force manufacturers to re
[indistinct conversations] shuttering] [indistinct conversations] the committee will come to order. This is the third in a series of public hearings that the committee will be holding as part of the house of representatives impeachment inquiry. The chair is authorized to declare a recess of the committee at any time. We will proceed today in the same fashion as our first hearing. Ill make an Opening Statement and Ranking Member nunez will have the opportunity to make a statement. Well turn to the witnesses for their Opening Statements and questions. For audience members, we welcome you. We ask for your respect as we proceed with todays hearing. It is the intention of the committee rep. Schiff this meeting will come to order. Good morning everyone. This is the third in a series of public hearings the committee will be holding as part of the house of representatives impeachment inquiry. Without objection the chair is authorized to play recess of the committee at any time that there is a