Remain independent. Economy ts, the global takes precedence over the geopolitical tensions between the u. S. And china. The price of the bailout. Brussels set its criteria for backing the state aid pac package from berlin. We are just under an hour away from the start of cac equity trading in europe. Ets take a look at where the u. K. Markets were closed yesterday. They didnt get that take part in the risk on rally that we saw across the continent. We also see u. S. Equity futures rising. U. S. Cash trade was also closed yesterday to honor the memorial day holiday. As a result we see futures in new york up about 2 on the dow and nasdaq futures as well as s p futures up 1. 8 right now. Lets get your first word news. Here are todays top stories from the bloomberg terminal. Once a virus hot spot in europe, italy reported the fewest cases since february. Below 100 for a second day. The global death toll tops 340,000 with 5. 5 million cases confirmed. In england, Outdoor Markets and car sho
International development. I am excited about the piano. I would be more excited. Let me tell you about this panel, who wanted an important hearing at the end of the day featured the hub fireside chat ego. She helps develop programs in cities and countries where j. P. Morgan served. Before that she worked with oliver and associates and Melinda Gates foundation. She is a proud child of immigrant Family International business is the of international economics. So cute. You dont need much of an introduction to know you are. If you dont know, Child Corporation given working in this area for more than three years. She has been the lead of the education and happenstance. We are delighted you could be with us and ill turn it over. And you all hear us. That afternoon. I hope you enjoy the conference so far. Hopefully we will bring the energy in the conversation, i am excited to be on stage. The legacy had history and where it is going in the future. To start off my shirt congratulations are in
See this restriction lifted. I think i can remind you hopes not a strategy and were hopeful that you all hopeful that you all will take the concern that is being expressed today about al import back to your smaller groups as you discuss opportunities going forward. Weve long been concerned about the extension of credit for ag transactions and trade. Hopefully i think tomorrow were going to try and take a move in the right direction. I think you guys have highlighted the number one thing that we think we can deal with, which is 908. I personally support lifting the embargo entirely. However, that may be a bridge too far for this congress. So weve got to take these baby steps. With that, i have a couple specific questions for you, under secretary. To date, the federal checkoff dollars have not been used with promotion for trade with cuba. Loose reasoning, i think almost an assumption, is that this is due to the language of tsra which precludes the use of any United States assistance incl
To do what they can to level it will Playing Field. For american exporters and the jobs connected with that. I yield. Let me say i want to thank my colleagues for their participation today. I have great for respect for both of you. Ive known you for a long time. I want everyone to know that i recognize there are passionately held views on both side of these issues and these debates. I wish we could report a tpa bill you nanunanimously. Its clear were not going to be able to do that. We create a product and a process on this legislation thats bipartisan. So far i think we really have been successful. I think most people would agree with that. I really want to thank senator widen for his help on this effort. Its been a very difficult one for him as it has been for many of my colleagues on the democrat side. I think its very important that we move forward and let the committee function properly. Im looking forward to even more lively discussion and debate tomorrow. I have tremendous respe
Humanitarian basis, but could you talk about the effect it could have if we were to actually lift the embargo . It will have i believe a tremendous impact on our ability to sell products and greatly increase the amount of products that were currently selling to cuba. Again right now you are looking at about 300 million worth. Again, the study by texas a m and American Farm bureau believe that formalized relations and lifting of the trade restrictions, that number could be in excess of 1 million. Illion. Billion. What this would also mean to the cuban people with the ability to purchase agricultural inputs, fertilizer seed, chemicals, and equipment, i think it would give them also the ability to have agricultural businesses produce more of what their actual demands are in the country. And create revenue throughout to the countryside and help the cuban people especially that live in the rural areas. I think it is a win for both of us, in my opinion. Mr. Under secretary, some have argued