Good morning. This hearing of the subcommittee on readiness and management will come to order. Subcommittee meets today to receive testimony from undersecretary defense for acquisition and sustainment, ellen lord concerning supply chain integrity fourth apartment of defense in the United States. Since her initial confirmation as the under secretary of defense secretary lord has oversensitive give acquisition reform at the department of defense and i am sure we will talk about some of that today. As the u. S. National armament director she has traveled to see the u. S. Throughout the u. S. And the to see our allies and partners with regards to the development and Manufacturing Activities around the world and unfortunately has seen how reliant the u. S. Defense Industrial Base chain has become particularly as it relates to china. With the rise of china and Great Power Competition and the Global Pandemic the vulnerabilities and gaps in our supply chain particularly as it relates to the Na
The speaker pro tempore for what purpose does the gentleman from california seek recognition . Mr. Swalwell i will withdraw an offensive word. Mr. Collins ill withdraw my point of order. Mr. Swalwell may i have 30 seconds. The speaker pro tempore the gentleman has 30 seconds remaining. The chair controls the time. The gentleman has 30 seconds remaining. Does the gentlelady wish to grant him an additional 30 seconds. Ms. Jackson lee im prepared to grant him an additional 30 seconds. Mr. Collins i withdraw my point of order. The speaker pro tempore the gentleman withdraws. Mr. Swalwell we have an opportunity today to condemn or condone. Birtherism is racist. Saying a mexican judge cannot be fair because of his heritage is racist. Saying immigrants from mexico are rapists is racist. Telling four members of the body to go home because of where you believe they are from is racist. There is racism coming out of the white house. There is racism coming out of the white house. So where will you
Seventh straight session. Dropping triple digits today. For the year the dow is actually down the better part of 3 . S p 500 is still positive for 2015. But its broken a technical level, slipping below the 200day moving average. Twice in the summer it has bounced on that. Will it do that from here . The dollar hit highs not seen since april, but if im looking at the screen to the right of me correctly, it is raised those gains and now in negative territory for the session overall. Despite that, Oil Continues to be under pressure. Prices down about 5 1 2 percent for the week. Oil light sweet crude is just trading above 44 a barrel. If we break that it will be significant. Check out the yields on the benchmark 10year treasury notes. Yields down to 2. 18 . Despite the view that the fed might be hiking on this payroll data in september. Vrm the nasdaq is the biggest loser right now. Kate rogers is following the action. It is not quite as ugly as it was here yesterday. We are less than by t
Global commodities easing further growth. Because ray is left at 1. 5 , as was forecasted. Traders have written off policy moves next year. Global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. This is bloomberg. Lets take a look at the markets. Afternoon trading is getting underway in hong kong and china. We continue this global rally we have seen. A recovery after the italian constitutional reforms over the weekend. Over in tokyo, sydney is just closing for the day. Emily chang and this is Bloomberg Technology at 2 00 p. M. In San Francisco and 5 00 p. M. In new york. The eu watchdog sends a message to tech, move faster to crack that on hate speech, or we will do it for you. The best of the best in science, getting the celebrity treatment in Silicon Valley. We will hear from russian billionaire investor who helped start it. And oare science and technology on the priority list for the new administration . We are joined for in
N our panel. [applaus [applause]. A reminder if you missed any of this conference you can watch it online in the video library. Tonight on cspan2, we have been featuring booktv beginning at 8. Tonight, authors featured on after word will be with us. Tonight, beginning at 8 p. M. Eastern here on cspan2. Yesterday, marked 30 years of gavel to gavel senate floor coverage on cspan2. Our special program featured video from the senate floor going back to the first televised session. Here is a look the senate is trying to make the best use of the technology in the 21st century to remain true. It is difficult to forge compromise. Everybody has to give and that is not photogenic. This indeed is a humbling moment for me. I am honored to serve as majority leader. But i recognize the majority is slim. We have witnessed something that never happened before in senate history. The change of power during a session of congress. Watch that entire program looking back at Televised Senate saturday at 8 p.