Interactive content teaching the next generation of the detection. Mums and channels available to people to catch up and more determined to build something here for the next generation. The environment series of global 3000. Crosscurrents weighing on the economy thats how Federal Reserve chief powell described the state of affairs and the strongest signal yet at the worlds most powerful central bank could cut rates this month. The end of the road for the foxconn beetle as the very last edition rolls off an Assembly Line in mexico. And monaco because of the 1st european country to be covered by super fast 5 g. Courtesy of a controversial chinese firm walk away. This is the w. Business im in berlin Federal Reserve chairman Jerome Powell has boosted expectations for the 1st u. S. Interest rate cut in a decade to be implemented later this month in testimony to Congress Power pointed to a broad global weakness clouding the u. S. Economic outlook amid uncertainty about the fallout from trump
Economic outlook amid uncertainty about the fallout from trumps trade conflict with china and other nations President Donald Trump has been pushing paul to cut rates and has repeatedly said he has the power to fire the fed chair if he doesnt comply. Our financial correspondent joins us now from new york to tell us and how did pauls comments go down on wall street. New records simple as that for the very 1st time ever the s. And p. 500 crossed the crucial 3000 point mark at least during trading and there was one word that youre stressed again and again and again and that was the word uncertainty uncertainty about trade uncertainty about Global Growth and this is pretty unusual that the fed chair stresses so much external factors that are not actually under the influence of the Federal Reserve or even of the u. S. Administration when it comes to Global Growth growth but there is no 2nd guessing year on wall street that we will see a rate cut by the end of the month even if it might be sm
Including joel sabat, ron batory from the federal railroad administration. Ray martinez, administrator of the Safety Administration and heidi king from the national Highway Safety traffic system. The fix of the american act, better known as the fast act is responsible for ensuring the safety of our surface Transportation System including fmcsa, nhtsa and fra. Todays hearing provides our witnesses with the opportunity to discuss the implementation of the fast act. And to identify issues that this committee should consider as we prepare for a surface transportation reauthorization. The fast act established the infraGrant Program. This and others such as build grants formerly tiger grants are critical to improving our nations transportation infrastructure. I hope the witnesses will provide the committee with an update on improving the infrastructure and how intra, and bill grants are being utilized. As they reauthorize the fast act, i plan to work with cantwell and other members on both s
Today we will hear from department of transportation officials. The administrator of the federal railroad administration. The administrator of the federal Motor Carriers administration. And the deputy administrator of the national highway Traffic Safety administration. Welcome to each of you. Fixing americas surface transportation act of 2015 reauthorized many of the modal administrations responsible for ensuring the safety of our surface Transportation System. Fra. Ding fmcsa, nasa, and hearing provides our witnesses with the opportunity to discuss the implementation of and identify issues this committee should consider as we prepare for reauthorization. The act placed a greater focus on our nations multimodal freight i hope the witnesses will provide the committee with an update on efforts to improve infrastructure and how build grants are being utilized. Are the Commerce Committee considers reauthorizing the fast act, i plan on working with members on both sides of the aisle to auth
Were honored to have both the chairman and the Ranking Member of the committee here. I understand senator cardin you have an introduction to make. Lets recognize first senator carper because he will come back into his little bit later. Junta thank her chair and Ranking Member for putting this together. I like to ask unanimous consent this appears in the record five a chance to give it life i will do that. Thank you for joining us. Thank you. How to thank you for being here today think my friend and his staff for their help in getting this hearing together. I think the last one is retiring this year, that leaves you and me. I hope thats not a message. We did come in and spend a lot of time together working in a bipartisan way. Looking forward to working with my colleagues on the committee to benefit the economy. Since the president has been in office weve added over 2 million jobs in Consumer Confidence has skyrocketed. However the economy willingly grow infrastructure is maintained. In