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Transcripts For BLOOMBERG Bloomberg Surveillance 20170124

Surveillance. I am Francine Lacqua in london. We start with data. It is eurozone pmi figures. They are just below expectations. When you look at the euro area in january, services pmi fell to 53. 6. Economists were forecasting 53. 8. When you look at the manufacturing pmi, it rises to 55. 1. Pointrecast was that 54 eight. Anything above 50 indicates an expansion. Services a little bit below manufacturingbut better than expectations. Lets get straight to the markets to see whether there is a bit of dollareuro movement. The is my picture for markets. Watch out, as always, for the dollar. It has been erasing some of the earlier losses. Emerging stocks are gaining. This is the picture for the european stocks, putting much flat. 1. 2502. D currently a lot of weakness on the turkish lira. The msci world index overall a touch up. We will have plenty more from the markets. First, lets get to the first word news. Here is nejra cehic. Nejr ....

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Transcripts For CSPAN3 Key Capitol Hill Hearings 20150423

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
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Transcripts For CSPAN3 Key Capitol Hill Hearings 20150423

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 ....

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Transcripts For CSPAN Key Capitol Hill Hearings 20150422

Milk producers would be happy to abide. Others would as well. We are a whole lot closer. Potatoes and beans and a whole range of things are available. Apples seem to be a delicacy at christmas time. I said, we can give you christmas every day. We have a lot of opportunities. Let me ask undersecretary scuse. There is an expression that says, the first step to achieving success is showing up. I think that is really true on trade. Also, our ability to market. You mentioned the Market Access program and the other tools at the department of agriculture. I wonder if you might speak more to what how would you envision the usdas programs going forward, creating opportunities and tools for american agriculture . Mr. Scuse again, if we were allowed to use our Marketing Programs, such as our Market Access program, it is an area w ....

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Transcripts For CSPAN Key Capitol Hill Hearings 20150422

Value of exports is far less than that in roughly 2950 million. U. S. Exporters see a tremendous market in cuba by the authorizations they seek from us though currently they only export a small fraction of that. Those exports go through the cuban import agency. So thrs no changes in our regulations on exports to cuba because thats limitted by the trade sanctions. Thank you, mr. Chairman. Mr. Chairman thank you for your statement. Our next witness, johnny smith acting director, office of foreign assets control, the department of treasury. Mr. Smith serves as acting director of the department of Treasury Department of foreign assets. Control or opac is mr. Smiths acronym for which he works which is tasked with administrating economic trade sanctions to advance u. S. National security and Foreign Policy goals. Prior to joining opac he served as expert to the
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