Before the u. S. China review commission. We will get going in a couple of minutes. Period ofly a short time for our first panel anyway. We will expand it a little by starting a few minutes early. Several commissioners are on the way. D morning, everywhere everybody, welcome to the seventh hearing of the u. S. China hearings. 19 court cycle. Thank you for joining us today. Todays hearing will examine chinas role in Global Health and the National Security, economic, and Public Health concerns stemming from american dependence on Chinese Health products. Our witnesses will also discuss the activities of Chinese Health and biotech firms in the u. S. As well as the opportunities and challenges u. S. Health firms encounter while operating in china or trying to sell into the china market. Globals the biggest source of generic drugs, pharmaceutical ingredients and other Health Products, including dietary supplements, biologics, and medical devices. There are serious deficiencies in health and
From hazardous products. A representative from Consumer Reports and a child safety advocate were among witnesses at this hours energy and commerce subcommittee hearing. The subcommittee on Consumer Protection and commerce will now come to order. Were going to hopefully move pretty quickly through Opening Statements because were going to be called to the floor before too long for a long series of votes. And i really want to hear our witnesses. You know, the American People are often skeptical of what does government do for them. And i am just i just feel so proud and so lucky to be on this subcommittee, because the kinds of things we are talking about today are about saving lives. And were actually going to make a difference in the live lives of everyday americans. I appreciate so much our witnesses for being here today. Were going to consider seven bills that aim at protecting consumers and, yes, saving saving lives. In subcommittee is vice chair for example Tony Cardenas introduced th
Steve mnuchin says he may had to beijing of trade talks arent productive. This as europes braces for u. S. Tariffs on 7 billion of goods and legal aircraft subsidies. Trading revenue will be the talking point for Goldman Sachs and jp morgan as they report quarter results. We will hear from the cfo, john shrewsbury. And buyers reprieve. The german companys legal payout over its second round up by 55 million by u. S. Judge. There are some harsh words in that case. He called their behavior reprehensible. Ant to talk about bitcoin everyone has harsh things to say about bitcoin, from President Trump to his treasury Steve Mnuchin, saying it is only backed by thin air. On can see it hit 12,000 friday and just dropped over the weekend, trading now a 10,700 between four dollars. One of the problems for bitcoin is that a lot of people have bad things to say about Facebooks Libra as well, even Maxine Waters is out against libra. But im not sure they should necessarily be making the connection bet
We will hopefully move quickly through Opening Statements because we will be called to the floor before too of votes. Long series the American People is often skeptical of what government does for them. I feel so proud and lucky to be on this subcommittee. We will consider seven bills that aim at attracting builders and saving lives. Chair tony introduced the safe act of 2019, i wrote to of the Consumer Product Safety Commission in april asking to recall this, which, gratefully, she did. There are other products out that are risks. I want to thank annie, who invited carter, a member of the nicolasttee, introduced and zachary burt, Carbon Monoxide poisoning act. Those are two brothers who died. We want to prevent that. This would establish cpf see Grant Program for states to install Carbon Monoxide in childcare facilities, Senior Citizen centers, and homes for low income families for seniors. Mike and david joyce, though they dont serve on the committee, have introduced an important bil
At the Capital Exchange event this morning making a ton of news. Closing the deal. Ibms 34 billion acquisition of red hat has closed both ceos will be with us in just a moment. As we said, pepsi beats the street, strong snack and beverage sales backs the 2019 forecast Hugh Johnston will join us straight ahead. Futures lower ahead of tomorrows capitol hill testimony by fed chair powell. Moments ago at the Capital Exchange event in washington, larry kudlow offered his views on the fed to our kelly evans. Take a listen. Price signals suggest as they have all year going back to last autumn that last policy move in december was unnecessary and i think they could take it back. Price level stability, steady dollar, is what the fed should aim for in my view among the things he said, defended a rate cut this month, said no effort to remove powell at the president time. Mnuchin, lighthizer may go to china. Larry is the happy warrior in this era everything he said made me feel better, made the ma