The speaker pro tempore the house will be in order. The the clerk i hereby appoint the honorable Henry Cuellar to act as speaker pro tempore on this day. Igned, nancy pelosi, speaker perfect house of representatives. The speaker pro tempore pursuant to the order of the house of january 3, 2019, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties. All time shall be equally allocated between the parties and in no event shall debate continue beyond 11 50 a. M. Each member other than the majority and minority leaders and the minority whip shall be limited to five minutes. The chair recognizes the gentleman from california, mr. Aguilar, for five minutes. Today,ilar mr. Speaker, i rise to honor the life of tim husband, devoted brother, son, and teacher. Working to life save the life of another. Volunteer for the intesan countys search andres could you team, tim searche
29 years later and according to the u. S. D. A. Economic Research Service in 2918. 00 net farm income fell to a 12 year low at just over 59000000000. 00 with a median foreign income of negative 1216. 00 negative. Which is why 4 made keeps going strong. This year the festival was held at the alpine valley music theater in east tri wisconsin deep in the heart of dairy country farm aid showcase some of the most innovative family farmers from around tired nation Whiskey River now rather a. Farm a president of 34 years Country Music icon Willie Nelson opened the festival well 1st of all im glad to see you saw him. But there is. A lot of help is needed and were glad to be here. All for support what are those challenges well one is pricing take Dairy Farmers for instance according to the u. S. D. A. Foods 2015 the price of milk paid to farmers has not only been going down but its also unpredictable from month to month making it hard for farmers to absorb that extra cost farm aid presented 1.
The dollar index stronger by about 0. 3 . We are not back at the previous strength. Just one stock to watch, d. R. Horton. If though Goldman Sachs upgraded the homebuilders, it actually put a sell rating on d. R. Horton. Eurodollar, you mentioned what was happening with the bloomberg dollar index. You can see that reflected in the euro. Negative by 0. 4 . The relative growth story out of other side of the atlantic looking quite different at the moment. Weve had some bad german data today when it comes to manufacturing. Initially after the payroll number came out, we spike higher. We since faded that move here and the german tenyear. We are back to flat. Just went to quickly show you what is happening with the brent market as well. A big move over the last few minutes as we start to get details from the opec meeting. We are going to get a 500,000 barrel a day cut, but it looks like saudi is going to shoulder the bulk of that, which probably means this is more of a real cut than the mark
David a little spat. Well, President Trump also adding he doesnt need to reach a deal with china before the 2020 election. All these comments prompting the china trade delegation to announce it is now cancelling a planned trip to visit montana farmers. Thats next week. Now, that sent the markets tumbling. Check out the dow at about 1 13 p. M. Eastern time, just when the china news hit the wires. Markets dropping like a stone. The dow losing more than 200 points at that point. It recovered a little bit at the end of the day, but not much. Joining us now is usda trade advisor. Tom, you represent farmers. And we see what happened as soon as the president made his announcement. They said they are going to stop their delegation to the Farm Community in montana. Are the two things related in your mind . I think its great speculation all around the world as to why they did what they did. David what do you think . Look, i talked to mr. Forbes in the hallway on my way. Im a long time fan of his
People thought it would be. Edward lawrence on what is being teed up for tomorrow. What do you have, edward . Reporter both teams are in their proverbial corners in washington, d. C. Vice premier liu he is getting ready for the meeting to happen tomorrow with the heads of trade delegations. As we said on your show, both parts of agreement, set a timetable for the deal. President donald trump said we come this far. He would like to see a complete full deal finished related to this. Economic advisors on this are mixed we have on one side larry kudlow saying that see what the chinese are offering coming to the table. On one corner Peter Navarro says the president wants a full deal because china needs it more than we do. The Chinese Commerce ministry will not negotiate Going Forward changing their laws. They will handle intellectual property enforcement through administrative regulation what is they have said. Well have to see if u. S. Trade representative Robert Lighthizer will agree to t