Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panel of Witnesses Today is the economic and security subcommittee. He focuses on the very important topic that i think has a lot of bipartisan interest in. And that is the economic and geostrategic challenge that the rise of china poses for the United States. Much as today, but in the future. China, communist party, Peoples Republic Party of china. Unfair trade practices, intellectual property theft and market manipulation and very prominently in my view, m nonreciprocal treatment. Not just an economic room but in many realms. It has been a force in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds Fastest Growing economies. Averaging close to 10 percent growth from 1979 to 2016. In 2014, china was the Worlds Largest economy and nursing power bases according to the international monetary. I believe there is a strong bipartisan
Dont see that happen as much since they put up those big signs. Lets take a look at satellite. We have cloud cover across parts of the region. Philadelphia definitely seeing some of that right now. The farther north you go the less clouds and storm tracker6 down south does still show showers that are circulating through central delaware pushing away from smyrna and it looks like some of that might cross the delaware bay into parts of salem and maybe cumberland counties but it doesnt lyle its going to last all that much longer and this is fairly light. Slow moves. They could be with you for awhile where they manage to hit. 70 philadelphia, 71 trenton, 71 in wilmington. Feeling really comfortable in the city. Dewpoints show you we have pretty low newspapers for our dewpoint scale in philadelphia. A lot of 59s. Thats below the threshold for slightly humid air. But as you go down towards millville its more humid and down along the delaware bay and the ocean front it stays that way. 73 in p
Publics representative. In a rapidly changing technological environment. Which is affecting the way in which everybody deals with the networks that connect us. And at the heart of that was consumers and competition should come first. How did that manifest . I think you can look at a list of things. You know, we of course had the open internet order. Which says that the internet should be fast, fair and open for everyone. We established privacy rules for networks as far as their relationship, for consumers and relationship with the networks. It says it is the consumers information. It is not the Networks Information and the consumer ought to be in control. We established cybersecurity. As an important component because of the work because we are the Agency Responsible for networks. And it is the networks that are the attack vectors. In cyber attacks. And so what are you doing to make sure that those networks are secure . At the same point in time, we increased coverage for students and
And russians are close, we are still the best at this. Offense, ato go on whole bunch of countries would have some significant problems. See theont want to internet weaponize in that way. That requires, i think, some tough negotiations. We would like to see if we and the chinese are able to foresce around a process negotiations, that i think we can bring a lot of other countries along. And we will work with you on that. Thank you. President obama thank you. Thank you for being here. It is also good to be reminded occasionally of some of the progress we have made. Thank you for that. When to be a is good, even the iran deal, Health Care Setting up, all good. The place we havent made a lot of progress, but is really important for businesses, is on tax and tax reform. What we are getting to now is a think the most like kind of being backed in a corner. We are starting to talk about some deals. And the sub deals are destructive in this roundtables view to the total tax reform. Can you help
Happy as john boehner extensive an invitation to an israeli Prime Minister before a key vote of iran sanctions. I have invited Benjamin Netanyahu to a joint session of congress on the grave threats of radical islam and the threat that iran poses to the world. The press secretary calls the invitation a breach of protocol as the executive branch is not notified about the olive branch. Isnt samsung the Biggest Smartphone maker in the world dropping qualcomm chips . People say samsung has decided not to use the new qualcomm chip after it was it shown running hotter than the samsung benchmark. They say those reports are wrong and snapdragon will still be in the new phones. Amazon has already pulled out of its own amazon branded diapers just a seven weeks after they hit the market. They say the diapers need improvement based on Early Customer feedback. I think the customers are a bunch of whiners. They will keep selling their own baby wipes. Did the lead worst than advertised. Wall street an