We cannot lose sight of the fact that none of this would be possible without that spectrum, and that is owned by the American People. That spectrum is essential. As a result of the efforts of some swamp creatures, both in and out of government, we came that close to having this spectrum, which belongs to the American People and is worth as much as 30 billion to 60 billion, given away in a back room through a private auction to three Satellite Companies, which happen to be domiciled in foreign countries. The excuse given was that these three foreign Satellite Companies can conduct an auction themselves and allocate it to the american Telecommunication Companies faster than the f. C. C. Can, even though the f. C. C. Has only conducted about 100 of these public auctions, generating about 123 billion for the American People. Why . Because the American People own the spectrum thats being auctioned off. Its theirs. But there was a proposal that came that close to passing at the f. C. C. To j
The presiding officer are there any senators in the chamber wishing to vote or change their vote . If not, the yeas are 89, the nays are zero. The nomination is confirmed. Under the previous order, the motion to reconsider is considered made and laid upon the table, and the president will be immediately notified of the senates action. Mr. Mcconnell mr. President. The presiding officer the majority leader. Mr. Mcconnell i move to proceed to legislative session. The presiding officer the question is on the motion. All in favor say aye. All opposed no. The ayes appear to have it. The ayes do have it. The motion is agreed to. Mr. Mcconnell i move to proceed to executive session and consider calendar number 533. The presiding officer the question is on the motion. All in favor say aye. Opposed no. The ayes appear to have it. The ayes do have it. The motion is agreed to. The clerk will report the nomination. The clerk nomination, the judiciary, patrick j. Bumatay of california to be United S
Have a problem. They always criticize us for business just for the art of criticism the engine off. Chinese investors in our countries but you know what im telling you is that there are 16 months by Chinese Companies in hungary. 16 or. So of the american german is in hungary immediately became chinese investments so what we can do for. Know how so the thing is that we are always criticised. On the raises the same questions on the german chancellor and the french president together meet the chinese leadership and so. You know. How do you explain that is there. Different tiers different sets of. Different territorial number one this is double standards and number 2 that as i told you at the beginning making business with china is beneficial they dont like to have us as competitors its a competition issue now the Decision Making is supposed to be based on consensus which is more than just looking for a compromise or foreign and bargain its actually derived a learned just recently that der
Important. Stoxx 600 risk rally beginning to fade. Definitely off of session highs, approaching session lows. Stocks still appear to be relied risk on appear to be largely risk on. Bond markets also not sending that signal. Btps moving lower another two basis points. Different signals coming from different asset classes. The spread is not particularly big, but i think it is worth paying attention to. Vonnie that person i was speaking of is from pimco. Home depot falling after it cut its growth forecast for the rest of the year. Similar story to kohls. Reaction now on whether he thinks the American Consumer is actually going to tip things over here in the u. S. And globally. He is pimcos Global Economic advisor. He joins us from california. Should we be worried about the u. S. Consumer . Guest i think we should be. The consumer is always the last shoe to drop. It has been holding up pretty well. The rest of the economy has slowed sharply. Manufacturing is in recession. Companies have cu
American german subsidiaries in hungary immediately became chinese investments so what we can do for how we can know how so the thing is that we are always criticised. The socalled 16 plus one but no one raises the same question when the german chancellor and the french president together meet the chinese leadership and so. You know. How do you explain that it is that. Different tiers different sets of rules for different territorial number one this is double standards and number 2 that as i told you at the beginning making business with china is beneficial they dont like to have. Competition issues now the Decision Making is supposed to be based on consensus which is more than just looking for a compromise or foreign and bargain its actually derived a learned just recently that from the latin word for feeling to get. There and failing alike in the other many of your interviews you keep saying dont pressure as dont criticize to look at yourself we have to be able to discuss that openly