Welcome to this hearing on the subcommittee on antitrust policy and consumer rights. Today we are pleased to have with us the chairman of the federal trade commission, joseph simons, and the assistant attorney general for the antitrust division at the department of justice, makan delrahim. Welcome to both of you. As an initial matter, as a matter of housekeeping, we have been informed we may have a block of more votes starting about an hour from now. The practical matter, we may be able to push it to an hour and a half from now, but before we hit the recess at some point we will likely have to go to recess to cast a few votes. We will have to play some of that by ear. I apologize in advance. Theres no way to predict these in advance. It does seem to be an uncanny event, with antitrust subcommittee hearings. It seems to be a good predictor, albeit an unintentional predictor of when votes are going to occur. As both of you know, ive been critical of the fact that we have two federal agen
In the u. S. There is a pileon as well. Stocks are close to records. The president is to have a rally and brag about the records. There is still the tweet fallout that the white house has to dial. We have blake burman. Reporter this will resume this evening in greenville, North Carolina, where President Trump hits the road to later tonight for a Campaign Rally there. The president saying earlier today, he will talk about the economy. He will talk about the stock market. But he also tweeted the following saying i will also talk about the people who love and hate our country, mostly love. Of course the president ing to these four Democratic Congresswoman who have been embroiled in this back and forth feud with the tweets and comments he subsequently made. Democrats call the president s tweets an comment racist. Republicans are trying to turn the attention to the policies and controversial comments that some of these congresswoman have made in the past, coming to the defense of the presid
Thatdominated yesterdays action, that along with chinas currency move. Overnight Chinas Central Bank setting the yuan mid point firmer than many expected. That happened at 9 00. We saw a turnaround in u. S. Equity futures which were down overnight as much as 600 points at the lows. Right now a positive open across the board. S p looking to be up by 11 points dow jones up by 102. The nasdaq looking to recoup 44 points as for u. S. Treasury yields, we saw a 2016 low also. We had the tenyear note at 1. 758 overnight we breached that 1. 7 level. A key level here. We have cnbc reporters everywhere this morning covering the Market Reaction to this escalating trade war willem marx is in london well get to him in a moment, but across the world to china. Eunice yoon is on the ground in beijing. Reporter china strongly opposes being labeled a currency manipulator. The central bank, which manages a floating currentry cy exchang rate called the move unilateral protectionist behavior that violates
This means providing our scientists with what they need to conduct cutting edge to discover and develop treatments to help patients fighting disease. As i happen to be the granddaughter of an nih funded scientist, my grandparents raised me and i understand what an Important Role Biomedical Research plays, not just in treating and curing disease, but also in bolstering our Economic Growth and ensuring that america is a Global Leader in innovation. We cannot afford to have nihs potential limited or even worse, have its legs cut out from under it yet. That is precisely what the House Republicans have proposed to do with their fiscal year 2024 budget caps in the bill that they passed last week. Cutting spending as they have proposed would mean slashing approximately 22 from programs next year that support a range of programs including supporting our veterans, keeping our communities safe and healthy and doing Vital Research to find cures for illnesses and diseases. It would mean a cut of o
This means providing our scientists with what they need to conduct cutting edge to discover and develop treatments to help patients fighting disease. As i happen to be the granddaughter of an nih funded scientist, my grandparents raised me and i understand what an Important Role Biomedical Research plays, not just in treating and curing disease, but also in bolstering our Economic Growth and ensuring that america is a Global Leader in innovation. We cannot afford to have nihs potential limited or even worse, have its legs cut out from under it yet. That is precisely what the House Republicans have proposed to do with their fiscal year 2024 budget caps in the bill that they passed last week. Cutting spending as they have proposed would mean slashing approximately 22 from programs next year that support a range of programs including supporting our veterans, keeping our communities safe and healthy and doing Vital Research to find cures for illnesses and diseases. It would mean a cut of o