The hearing of subcommittee on general farm commodities and Risk Management entitled reviewing the state of the farm economy will come to order. Good morning and thank you for joining us, as we look into this critical aspect of our economy. Every one of us seated up here has heard from farmers in our districts about the bad farm economy. Commodity prices are low, input costs are rising and financial pressure is mounting on farmers across this country. While we hear so much about the booming state of the overall economy, our rural and farm economy continues to struggle. You cannot have a successful National Economy when such a vital component hurts the way our farmers are currently. The numbers paint a rough picture. Usda forecasts net farming level for 2019 to be only 77 of the annual average for 2000 through 2017. Its down 50 from 2013 alone. Inflationadjusted farm debt is the highest it has been since 1980 and the debt to asset ratio for farmers is rising steadily. This hearing offer
[captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u. S. House of representatives. ] the chair on this vote, the yeas are 89 and the nays are 341, the amendment is not adopted. The the Unfinished Business is request for recorded vote on number 45 printed in part f house report 118216 and proceedings were postponed and the clerk will redesignate the amendment. The clerk amendment number 45 printed in house report 118216 offered by mr. Perry of pennsylvania. The chair a reported a recorded vote has been ordered. Members will record their votes by electronic device. This is a twominute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house
What is going on out there. Continues for the s p 500. This is 1172 on the bloomberg. At what has been boom,on since the dot com 1989. Expecting the index to hit 2800 by the end of the year. This is the s p 500, the blue arc showing the dot com bubble. A little under half an hour away from the open of markets. Look at what is going on. David, is there any real theme today so far . Gains, except for korea. Gdp at of india, pmi out of china. Here is a flavor of the equity markets. Everything but korea. Samsung, downn to over 3 . Morgan stanley cutting their call on the stock. Blue line is your consensus price target. You take the median there. 2. 68 is the stock price right now. Here is the spread between the two. The other thing i want to point hiking rates for the first time in seven years. This is the chart. We have seen the three year yield and the repo rates widen. Bond markets are saying they better hike. Another thing happening thursday , opec setting to extend the output cut. Ope
Good evening, this is continuing live coverage of seats spent to President Trumps first state of the union address. You might recognize wherever standing and camped out with other media outlets. This is National Statuary hall, not far from where the president spoke. Speak, tradition for them to come out talk to reporters. Well do this for an hour so as we line up members of both sides of the aisle. The first member is congressman Chris Collins of western new york. Good evening. Its great to be with you. Proud to have been the first member of congress to endorse President Trump for congress. Active in the campaign and now he gave a factbased speech about our economy, how its booming, the stock markets and the great work we did on the tax reform. It was an inspirational speech, a call for america to be better, to be great. He talked about the things we have yet to achieve. For some of those still struggling living in poverty, we need to find them and get them skills and jobs. It was a gr
And announces to the house hi s approval thereof. Pursuant to clause 1 of rule 1 the journal stands approved. For what purpose does the gentlewoman from North Carolina seek recognition . Ms. Foxx mr. Speaker pursuant to clause 1, rule 1, i demand a vote on agreeing to the speakers approval of the journal. The speaker pro tempore those in favor will please say aye. Those opposed, no. The ayes have it. The journal stands approved. Ms. Foxx mr. Speaker. The speaker pro tempore for what purpose does the gentlewoman from North Carolina seek recognition . Ms. Foxx mr. Speaker i object to the vote on the grounds that a quorum is not present and i make a point of order that a quorum is not present. The speaker pro tempore pursuant to clause 8 of rule 20, further proceedings on this question will be postponed. The pledge of allegiance will be led by the gentleman from michigan, mr. Trott. Mr. Trott i pledge allegiance to the flag of the United States of america and to the republic for which it