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[narrator] great decisions is produced by the Foreign Policy association. In association with thomson reuters. Funding for great decisions is provided by pricewaterhousecoopers llp. [narrator] everywhere around us are signs of international trade. The basic idea of trade as economists have understood it now for two centuries is that trade expands the pie, it makes the economy more efficient, it directs resources to comparative advantages as economists say. But it also changes the income distribu...

Dramatic instrumental [narrator] great decisions is produced by the Foreign Policy association. In association with thomson reuters. Funding for great decisions is provided by pricewaterhousecoopers llp. [narrator] everywhere around us are signs of international trade. The basic idea of trade as economists have understood it now for two centuries is that trade expands the pie, it makes the economy more efficient, it directs resources to comparative advantages as economists say. But it also chang...

I appreciate members participation during yesterdays igs session. I was glad to hear everys initial thoughts. However, a number of issues were raised yesterday that in my view warrant some additional responses. First at characterization of the bill as a massive tax cut for the rich that particular claim was repeated by almost every minority member of this committee. The problem with that claim is that its just not true. The joint committee on taxation a nonpartisan congressional scorekeeper has ...

Type tax reform. Today is day two of the Senate Committee review live on capitol hill. This is just getting under way. It collects input from amendments that have been filed. Because of a larm number of amendments we have processed the modified mark will be given to members later today as has been discussed with our Ranking Member and everyone can then have time to read over the modifications. After that process we will resume a markup tomorrow morning with the modified mark. Before we proceed t...

[inaudible conversations] senate reconsider the consideration of the tax cuts in jobs that and begin by walking through with the chief of staff from the joint committee on taxation following the conclusion of this process which will likely take some time it will be provided to members later today. Because of a large number of amendments we have processed a modified mark will be given to members later today and then everybody can have time to read over the modifications. We will reserve the marku...

Overseas deal after missing its first debt deadline in over a year. Often andout, juventus shares of the Italian Football League as it loses to real madrid in a final. However thousands are injured in a stampede in taurine. Good morning, everyone. Lets get you straight to some data. Weve got the may flash composite. M i coming in at 56. 8 smashing the years sixyear high. Pmi came in at 56. 3. New order growth accelerating and getting to a very limited reaction in year one dollar 12. 63, and we h...

Consumers. More on those plans are little later. In sport, andy murrays preparations for wimbledon suffer a blow as he is knocked out of queens in the opening round. The defending champion was beaten in straight sets by the world number 90 Jordan Thompson, who was only there as a late replacement. Hes won three oscars, but Daniel Day Lewis says hes calling it a day and retiring from acting. And it is set to be another scorcher. Good morning, carol good morning from Brighton Beach. It is going to...

G Re Nfell Tower donations made to the victims of the Grenfell Tower fire are not reaching survivors quickly enough, according to campaigners in west london. Also Holiday Hold Ups where in the uk sees the longest delays . Passengers heading off from gatwick are worst affected, as Research Reveals how long travellers spend twiddling their thumbs at airports. Ready for the end of an era . Usain bolt will run his final competitive race this weekend at the World Athletics Championships. Good morning...

Aides try it to style them back. It happened yesterday. He was asked about north ring remarks, saying his remark. I dont ink they mean that. I think its the first time they heard it like they heard it and frankly, maybe it wasnt tough enough. David that was the president yesterday. This to sayis had about diplomacy. The americane effort is diplomatically lead it. It has diplomatic traction. It is hitting diplomatic results. I want to state right there. The tragedy of war as well enough known. It...

[inaudible conversations] betty evening everyone. Rainy daybooks International World war i Museum Missouri are pleased to welcome Andrew Carroll editor of several best sellers. Also edited on the pro bono basis operation homecoming for girl which inspires the Emmy Award Winning film and the same name. The of that honors veterans with those wartime correspondence in more than 40 countries and collected an estimated 100,000 previously unpublished letters in emails. The legacy project has been rena...