[inaudible conversations] the meeting will be called to order. The chairman is on his way. He has asked me to gavilan and begin my Opening Statement and hopefully he will be here. We are very very honored to have chairman powell. We thank him for testifying today. I look forward to hearing your perspective on the current state of the economy and the challenges ahead. I would like to thank you for your thoughtfulness as you help steer the economy through in some ways what are extremely challenging times. As you have said in your testimony some measures, our economy is strong. The National Unemployment rate fell from 10 at its peak during the Great Recession to only 4. 7 when donald trump took office. And it has continued to fall. It stands that only 3. 6 . And jobs for 109 consecutive months, more than nine years. Inflation remains low before the feds target and wages are moving up and not as fast as we would like. It is weak in other ways but other measures tell a different story. Gop
In the United States, are expected them to cut rate another quarter point, dropping the ball on all of this and president declaring not even two weeks ago that hes an enemy, reminder how easy it is to make friends in the city, dow 75 points, lets get the latest first on the trade front on whats going on there and growing talk that at least the talks are back on and so far no one is throwing dagerds. No one is throwing at each other, the jobs are fundamentally strong, 130,000 jobs in august, 3. 3 over the past months, the white house economic adviser say it doesnt really matter that the jobs missed the estimate because the Labor Force Participation edged up. The people on the fringes of this come are coming in and getting jobs, if you peel back some of the numbers, consumer is still spending and thats in construction 14,000 jobs in construction, half in Residential Home construction, people buying homes, consumers are buying, the other half divided among specialty trade construction and
Subcommittee. The four companies represent in sports and on its larger Strategic Vision for engagement with the United States. This hearing will come to order apologies for beginning a little bit late. We had a vote going, about 5 30, but i want to thank the foreign for individuals for being with us today and thank, as well, my friend, senator johnson, as Ranking Member for his cooperation and his support in moving forward with this hearing. A lot going on. Of historic magnitude, before the United States senate, but the issue before us today is truly of historic consequence in president ial and practical import. The issue is, in fact, whether for companies sitting here today represented by barry able leadership accepted their obligation to respond to congressional subpoenas. Their apparent refusal to do so in full is not only unprecedented but it threatens opening the door to other United States companies cloaking themselves from scrutiny whenever they work for a Foreign Government or
Shot. Nbc bay area Chuck Coppola joins us. Chuck, this is what we know so far. No arrest and the northbound lanes are closed. What is the eta on opening them . Reporter well, the latest i can tem you is that the chp does not think that this was necessarily an act of road rage, but shots were fired. They fired into a car being occupied by two men. Behind me you can see here the flatbed truck is about to leave with that car. Were on al um rock and 33. That is where the shoot ag apparently took place, near tully and story road on northbound 101. We have a black acura. The two young men were inside that they were fired upon, wounding one opinion. A 17yearold male taken to Regional Medical center with two gunshot wounds. They put him on the stretcher and thats when i noticed it looked like there was a wound near the hip area. I also saw a little redness here. At this time we dont know how long its going to go, so, we are asking for the public to avoid that area if all possible. As soon we a
There were two hispanics in the car, with black bandanas. Nor have they identified the people nor found the car. It happened around 6 45 last night, on northbound 1001 on east san jose. Two people, both males in a black acura ining at the ra. They were heading in a northbound direction when the white dodger pulled up and someone began firing a gun into the integra. It pulled into a strip mall. The driver was not hit but his 17yearold passenger was hit twice, two gunshot wounds. The boy was able to get out of the car on his own and walk over to paramedics. A witness we spoke with said he looked so normal he didnt even realize he had been shot. The police were helped to take off the shirt and put him on the stretcher and thats when i noticed it looks like there was a wound near the hip area. I also saw a little redness here, but im not sure what that was. Reporter the 17yearold boy was taken to Regional Medical center for treatment where last report he was in stable condition. Chp has be