Theyll have five days to submit into the record. Its called examining operation in Foreign Investment in the United States. I recognize myself for five minutes for an opening statement. The free flow of capital is a bed rock tenant of a United States economy. Insuring that free throw world wide has always been a bipartisan goal and to that end, im proud to serve in the caucus along with our call eelgs mr. Holding, hiems and meeks. It promotes Global Investment and help hads educate members about the importance of Foreign Direct Investment. Its the recipient of the greatest amount of Foreign Investment. That capital has provided a good deal of if aerj that kept our economy vibrant. To provide the fuel of u. S. Businesses and jobs. Today almost 5 are related to Foreign Investment. Most of these jobs pay handsomely, far better on average than other u. S. Jobs. But if Foreign Investment is to be a force for good, it must not be welcomed more unthinkingly than one might leave a house unopen
This is the song. If theyre going to pick a song, im glad its mariah ca y carey. My wife would agree welcome in to Worldwide Exchange. Good morning, everyone. Its throwback thursday, were taking you back with some holiday classics, like Mariah Careys all i want for christmas is you. A quick check on futures we are seeing at least a bit of market stability for now if you look at futures picture, the s p indicated to open up by two points dow jones up by 2. 5, the nasdaq off by 5 or 6. Weve seen a run up over the last couple of days on the hopes of tax legislation passing through Congress Everything going on there. A big deal for the markets for this morning, a bit of a pause after that bullish action. Well see what happens. On that note, lets look at our top story. Tax reform and Congress Giving final approval for a 1 1. 5 trillion tax cut tracie potts is live in washington with the latest good morning reporter good morning, everyone it looks like that may be shortlived, the victory lap
Of a percentage point. The hang seng was up by 0. 4 shanghai composite was up 0. 4 in europe in some early trading that were seeing, we are looking at a mixed picture slight declines in germany and in france. The ftse is up by a quarter percentage point gains in italy and in spain as well finally crude oil prices, which were up by 50 cents yesterday, they have given back some of those gains. We are talk about crude oil below 58 a barrel a couple stories were watching, bombardier said it is confident u. S. International trade commission will reach the right conclusion in its dispute with boeing. The Commerce Department announced yesterday it will impose duties of 300 on the companys cseries jets after boeing had been complaining they had been unfairly subsidized by the canadian government. The penalty will only take effect if the itc rules in boeings favor bombardier said it is common practice for a plane manufacturer to offer discounts to launch customers. Bombardiers ceo will join us
Mark esper, secretary of the army. Heather wilson, secretary of the air force, and james gurts, assistant secretary of the navy for Research Development and acquisition. Acquisition reform is one of the most important and frustrating topics this committee addresses. For years, we have been warned that america is losing its technological advantage. I hope you all have seen the work by rand on this topic. That is why the department of defense needs acquisition reform. Not just for efficiency or to save money. Simply put, we will not be able to address the threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. I want the witnesses to Pay Attention here, okay . Were still dealing with a trilliondollar f35 program that continues to operate in dysfunction. The air force still subsidizes ula for space launch with costplus fixed fee contracts. The army has sunk nearly 6. 5 billion into wint. And that work that doesnt work. A
[applause] thank you. Kim reynolds became governor of iowa when the previous Governor Terry branstad resigned in may upon becoming ambassador to china. Governor reynolds delivered her first state of the state address last week. She talked about rewriting the state tax code, healthcare and education. From the state capital in des moines, this is 45 minutes. [applause] governor reynolds. [applause] thank you. Thank you. Thank you. Lieutenant governor, mr. President , madam speaker, legislative leaders, senators and representatives, justices and judges, elected officials, distinguished guests, family, friends, and my fellow iowans. It is an honor to be here today, as your 43rd governor and to deliver my first condition of the state address. [applause] what a country and state we live in, where a small town girl from rural iowa can become governor and have the opportunity to serve iowans at the highest level. I hope that can be an inspiration to every waitress, every grocery checker, every