Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects the fact that the nature of work is changing, and will probably stay this way for some time to come yeah, it will, carl again, were splitting up our teams in case something happens at the nyc or here so we can obviously still
[inaudible conversations] good morning everyone. The committee will come to orde order. We are here this morning to review ongoing Recovery Efforts in puerto rico and the Virgin Islands in weeks of Hurricane Irma. We are now over two months removed from when Hurricane Irma devastated st. Thomas and st. John on september 6. Its been nearly 60 days since Hurricane Maria hit st. Croix and puerto rico. This is a little over a week ago that senators cassidys, franken and i, along with senator carper who was just here and senator harris as well as some of our house colleagues visited both st. Thomas and puerto rico. I want to thank both governors, the governor or cello for your hospitality, the time that you gave us during that visit was incredibly important for all of us to see to be on the ground and to be hearing directly from you. I know that some other members of our committee have traveled to puerto rico previously and i thank them for that as well. What i think we observed is that the
Touting its first augmented reality superstar, the dancing hot dog. Is ar the future for snapchat . 14 million in market value. Meantime lets get to wall streets Research Prices well have the details on jpmorgans move to take market share ahead. Only going to charge 10,000. Could be a race to the bottom Retail Stocks get crushed, bill miller iv is making a big bet on shopping malls. Well join us to discuss whats behind that move we do start with north korea and the latest developments about the looming threat against the u. S. Reporter we could hear from the president momentarily on the latest regarding north korea theres an event set to begin at president s Bedminster Golf Club it could be on fork force workf initiatives. He upped the ante this morning he said the u. S. Military response is locked and loaded and to that end he retweeted photos posted by u. S. Pacific command of air force bombers at the ready in guam. The u. S. Territory about 2,000 miles due south of north korea that
In credit and money supply, Chinas Central Bank has given another indication that would that it will hold off on any major stimulus. Live today from beijing. Scott, what does this say about the state of chinas economy . Not going toere see any big bang in stimulus these days. We are also not going to see any major pullback just yet. The economy grew at 7. 5 in the Second Quarter. The forecasts are that it is going to stay close to that rate for the rest of the year. We have heard these kinds of warnings before, but it is interesting coming directly from the central bank, which obviously should have a handle on the situation. A secondquarter Monetary Policy report. How does this one compare with the previous statements we have from the pboc . Actually, back in november, they issued a report, another quarterly Monetary Policy report and said it is going to be a longterm deal averaging in chinas economy. Not repeatedually that phrase since then and i dont believe it was in the latest repo
Was real, really critical to get this thing passed. Gerri appalling. Appalling. When someone associated with the president s signature legislation insults the American People, that is exactly what he did. Now today he is saying, he didnt mean it. He wants to take it all back but the damage is done, with more on this. Paul howard, senior fellow for the manhattan institute. This gets under my skin in a way i cant really tell you, when people insult the American People, we tried to trick them. It worked. We got the legislation passed. That is exactly what we meant to do. What is your reaction . Both parties will play threecard monty when it comes to the big programs like this but gerri this is whole different level. This is whole different level. President making promises the white 6 white house new that was wrong. Gruber said we had to be deliberately obtuse to the cbo couldnt score it properly. Gerri we had to tell the American People it wasnt a tax. That was the really. It was a tax. I