[background noises] the ways and Means Committee will now come to order. Good morning, today we will consider the historic u. S. Mca transforming agreement that creates a new High Water Mark u. S. Trade deals moving forward. The implementing bill before us is the result of many months of negotiations and indeed more than a year between House Democrats and the ambassador robert who worked with us honorably every time we met. And im very proud of the outcome of that we have reached. When we assume the majority this year, we were asked to consider a renegotiated nafta that had structural flaws in a number of areas including enforcements, labor rights, the environment, and access to medicines. Let me start with enforcement. Which was the crux of this agreement. As ive noted many times over the past year, i did not vote for the original nafta, the chief reason was a lack of enforceability. In the past 25 years, weve seen the shortcoming of the original agreements, much of which comes down t
Weakness. That is keeping the regional benchmark mostly flat. Volumes are quite flat, especially here in hong kong. The exception is south korea. Fx markets u. S. Dollar continuing where it left off. Eurocom a two or three month bureau, euro, a two or three month low. Gold, a massive plunge midmorning that took gold to the secondmost oversold levels on record. Rishaad we are taking a look at what sparked this. Shery it was quite something and it was basically data out of the u. S. Higher dollar, lets need for gold less need for gold. You can see around 8 30 p. M. Hong kong time on friday, we saw gold plunged. It pushed gold over the edge and today, it fell more than 4 . Gold speculators, the least bullish on record. Money managers are holding the smallest net bullish bets on gold since u. S. Government data begun in 2006. They are not just dumping gold but also dumping silver, platinum, palladium. If you look at Exchange Traded products they lost about 2. 1 billion. Rishaad we are a co
Equities, we are under 30 until the end of the session with stocks of falling today after rising to highs we have not seen since december, 2015. Declineseing all these for the swedish this the swiss franc and sovereign bonds are falling. The french twoyear is down by four basis points. The two year yield in germany is falling to a record low today, climbing for a fourth day is the bond yield which is at a record points. Investors are seeking refuge in the safest area of the bond curve amid growing concern about the outcome of the french president ial election. The yield spread between french securities and similar data treasuries is now the whitest in 17 years the widest in 17 years. Its narrowing the gap. Beirut has held a news conference. There were fears if he ran again that he might take votes from the centrist. Throws a campaign that surprise every single day it seems. The german steelmaker agreed to sell its brazilian steel plant t underum, joining a line one of its worst investm
Resonated with a lot of voters if he can just stay focused on that message and stop getting pulled in to these attacks, namecalling, inside controversy. Hillary clinton and senator king getting criticism. Some say the some say the two were over prepared for their debates. Is that something the Clinton Campaign is aware of . Yes, very much so. A lot of the Hillary Clintons shortcomings during the first debate were overshadowed by donald trumps. But a lot of Trump Supporters i talked to notice them. Saying that she seemed robotic and scripted and the little to forced. All things she has been working on. All think she will continue to work on. And tim kaines performance did not go over well. There has been a lot of criticism of that. Again, all of those things i have to think are being internalized by the Clinton Campaign as they get ready for the next debate. After the first debate donald trump telegraph that he might go after bill clintons past indiscretions, will that be a topic . Will
Resonated with a lot of voters if he can just stay focused on that message and stop getting pulled in to these attacks, namecalling, inside controversy. Hillary clinton and senator king getting criticism. Some say the some say the two were over prepared for their debates. Is that something the Clinton Campaign is aware of . Yes, very much so. A lot of the Hillary Clintons shortcomings during the first debate were overshadowed by donald trumps. But a lot of Trump Supporters i talked to notice them. Saying that she seemed robotic and scripted and the little to forced. All things she has been working on. All think she will continue to work on. And tim kaines performance did not go over well. There has been a lot of criticism of that. Again, all of those things i have to think are being internalized by the Clinton Campaign as they get ready for the next debate. After the first debate donald trump telegraph that he might go after bill clintons past indiscretions, will that be a topic . Will