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Mr. President , the first motion the senate will vote on is a straightforward proposition. The motion says lets send this bill back to the senate on a bipartisan basis and come up with a plan that actually works for the middle class. I will wrap up just by recapping the republican rhetoric on his tax plan. First it was said to be a guaranteed middleclass tax cuts. Then it was merely focused on the middle class. Next it was an average tax cut across a variety of income cohort. But now, the numbers are actually in. Republicans want to run up enough red ink to threaten medicare and Social Security and still raise taxes on more than half of the middle class. The senate on a bipartisan basis can do better than this. I urge my colleagues to support this proposal, to send the bill back and come back h on a bipartisan basis with tax reform that actually works for the middle class. I yeild back. The question on motion. Nay. Is there a suf ....
Closed down by about 2 . The losses were more severe by the hang seng. Down 2. 1 . The shanghai off by 0. 3 the nikkei down by 441 points. That will get your attention lets look at early trading in europe again, some declines there not as severe as we saw in asia, but the dax is off by 1 lesser losses for the cac and the ftse declines in italy and spain. Yesterday the tenyear yield was 2. 35 , this morning at 2. 34 . We are watching the price of bitcoin surging past 12,000 towards a new record high. The currency got a boost on friday when regulators announced it would allow the cme group and cboe to allow bitcoin future contracts. Theres a few economic reports on the wall street agenda the november adp employment report is out at 8 15 eastern followed by revised Third Quarter productivity and labor costs at 8 30. On the earnings front, brownforman, h r block, American Eagle ou ....
Lets get you up to speed on these markets. European stocks. The dollar has dipped. It has transferred to a mild complexion of a dying day this thursday morning in europe. European equity markets are the lead protagonists. Pessimist guide on bloomberg for 2018 is about technology, facebook and disinformation. You can still make money as bitcoin drops. The bloomberg dollar index down. The bloomberg dollar index is looking at a fairly tortured year. Do you buy that story that it is all about adjustments . Im not so sure. Yields drop. Were down to a threeweek low. You are looking at the bloomberg dollar index. The worst year since we started collecting data in 2004. Copper is rising to a fairly big level. Fouryear high. China has halted production. We know that. Youre looking at the eighth straight quarter of gains. You could see copper trade up to 10,000. U. B. S. A little more sedate. The swriss known for their sedate approach. It has outperformed pretty much every other commodity this y ....
[inaudible conversations] the committee will come back to order, and we will finish up with the honorable jon huntsman, and i understand senator shahe shaheen. Yes, thank you very much mr. Chairman. First of all, i would like to thank the governor for his willingness to continue to serve the country and i very much appreciated our conversation. I know one of the things we discussed a little bit in the challenges getting the attempt to influence the elections, occupation and annexation of crimea, some of the other challenges facing and the need to counter those efforts into the same time to look at the places where we can work with russia because we have mutual interest. Can you talk about how as ambassador you will try to balance those needs and the kinds of efforts that you think are helpful in responding to russian aggression versus the kind of efforts that he would try to employ and to engage in areas of mutual interest with. Put your microphone on. There we go. Senator it was a ple ....
Jon huntsman is President Trump nominee to be ambassador to russia. He has a reason served as ambassador to china and governor of utah appeared at his Senate Confirmation hearing, mr. Huntsman discussed the u. S. Relationship with russia. Senator bob corker chairs the Relations Committee. This hearing is two hours. [inaudible conversations] [inaudible conversations] the Relations Committee will come to order. We have an unusual procedure today. As usual, we will do for today outstanding senators who are here to introduce others and we thank them for being here. It anon or to have you here in our committee. We let them go first so they can go on to their other business. Well then convened adjourning pending the business meeting for just a moment and h ....