[background noises] the ways and Means Committee will now come to order. Good morning, today we will consider the historic u. S. Mca transforming agreement that creates a new High Water Mark u. S. Trade deals moving forward. The implementing bill before us is the result of many months of negotiations and indeed more than a year between House Democrats and the ambassador robert who worked with us honorably every time we met. And im very proud of the outcome of that we have reached. When we assume the majority this year, we were asked to consider a renegotiated nafta that had structural flaws in a number of areas including enforcements, labor rights, the environment, and access to medicines. Let me start with enforcement. Which was the crux of this agreement. As ive noted many times over the past year, i did not vote for the original nafta, the chief reason was a lack of enforceability. In the past 25 years, weve seen the shortcoming of the original agreements, much of which comes down t
Speak the ways and Means Committee will now come to order good morning we will consort considered a historic usmca the high watermark with trade deals moving forward it is the result of more than one year House Democrats and the ambassador light heiser who worked with us every time we met. Im very proud of the outcome we have reached. When we assume the majority this year we were asked to consider a renegotiated nafta in a number of areas including enforcement the environment and access to medicines that we start with enforcement as noted many times i did not vote for the original nafta and the chief reason was the lack of enforceability. The past 25 years we have seen the shortcoming much of which comes down to lack of enforcement in my view the improvements to the usmca finally makes the agreement enforceable n by preventing a country to block a nation dispute settlement attempt. Nafta has been symbolic and over 25 years there have been 39 petitions filed with zero enforcement action
Yield down to basis points, the crude off 3 10 of 1 . Soggy is how i would put the market action. Time for your morning brief. Time for a look at the busy week ahead. Robert lighthizer and u. S. Officials travel to china for the first facetoface meeting since may. Tuesday, the bank of japan Rate Decision plus earnings from bp and apple and on wednesday we will get the fed Rate Decision followed by the chairs News Conference and earnings. Thursday we will get the bank of england Rate Decision as well as earnings from barclays and general motors. Friday it is jobs day for exxon and chevron earnings. Time for the bloomberg first. Ake the question is, the trade deal. On the agenda are still many things, from hallway to soybean huawei hallway wal to soybean buying. Low barthink that the for expectations is that they will agree to meet again, but no one is expecting breakthrough on the stalks and the best case is that they agree to continue them. Perfectly correct. The situation with the mee
good day, i m chris jansing live at msnbc headquarters in new york city. prosecutors are on a fervent, if somewhat frustrating quest, to dig into ivanka trump s history at the trump organization. that trial just broke for a lunch break, but so far the former first daughter was unable to recall many details, not giving the attorney general s team much help as they probe her family s alleged fraud. we ll have a live report in just a minute. plus, election night 2023, want to favor democrats, but as the election sielk l comes to an end, how the dems learn the lessons from last night and turn it into a winning formula for next year. and can president biden ride the borks issue back to the white house. their friendship goes back nearly 40 years but could tie between president biden and bibi netanyahu be crumbling under the weight of war. new reporting on what could be a new deal to ease tensions and get help into gaza. but we start with ivanka trump on the witness stand
Chevrons earnings dropped 90 from a year ago. Exxons earnings were cut in half. And these two dow components saw their stock prices take a hit. Chevron was off nearly 5 . Exxon sank 4. 5 . And today crude prices continued their tumble, settling down nearly 3 to 47. 12. The commodity is now down 21 this month. Its worst month since october of 2008. And that was the heart of the financial crisis. Jackie deangelis has more now on the pain in the oil patch. Reporter when big oil speaks, investors listen. What was said today was not encouraging. Exxon mobil reporting its worst quarterly profit in nearly 13 years. And chevron seeing its profits plunge, triggered by impairments and charges, based on lower oil prices. Exxon noted that higher profit in refining couldnt offset losses in its upstream businesses. Thats the exploration and production side of things. Exxon making a move to conserve cash confined to the market but it doesnt expect to see a quick rebound in crude prices. The Company P