Saying china is the greatest threat to democracy worldwide. The u. S. The bloomberg u. S. Dollar index. Crude getting a lift after an opec agreement that came through. Theyre going to be keeping curbs in place in terms of production but we could see on a month by month basis some of those curbs being removed. Agrees to ease cuts more gradually. Gold about 1 10 of 1 lower. Bitcoin using some of its sheen and declinings extensive 1 . With all that in mind, lets find out what is happening in new york. Karina we start with the news on pfizer. It slumped on reported may ship only half of the vaccines it planned to this year. Issues supply chain will cut it to 50 million. Anthony found she is taking the u. K. For rushing to clear the pfizer vaccine. Moderna claims it shows what it claims is durability. Republican Senate Majority leader Mitch Mcconnell is calling for a smaller more focused stimulus package for the u. S. Economy as democrats scale back demands to find a route forward. The base
[background noises] the ways and Means Committee will now come to order. Good morning, today we will consider the historic u. S. Mca transforming agreement that creates a new High Water Mark u. S. Trade deals moving forward. The implementing bill before us is the result of many months of negotiations and indeed more than a year between House Democrats and the ambassador robert who worked with us honorably every time we met. And im very proud of the outcome of that we have reached. When we assume the majority this year, we were asked to consider a renegotiated nafta that had structural flaws in a number of areas including enforcements, labor rights, the environment, and access to medicines. Let me start with enforcement. Which was the crux of this agreement. As ive noted many times over the past year, i did not vote for the original nafta, the chief reason was a lack of enforceability. In the past 25 years, weve seen the shortcoming of the original agreements, much of which comes down t
Speak the ways and Means Committee will now come to order good morning we will consort considered a historic usmca the high watermark with trade deals moving forward it is the result of more than one year House Democrats and the ambassador light heiser who worked with us every time we met. Im very proud of the outcome we have reached. When we assume the majority this year we were asked to consider a renegotiated nafta in a number of areas including enforcement the environment and access to medicines that we start with enforcement as noted many times i did not vote for the original nafta and the chief reason was the lack of enforceability. The past 25 years we have seen the shortcoming much of which comes down to lack of enforcement in my view the improvements to the usmca finally makes the agreement enforceable n by preventing a country to block a nation dispute settlement attempt. Nafta has been symbolic and over 25 years there have been 39 petitions filed with zero enforcement action
Points at the s p. The dow up 72 points the nasdaq looking to be higher by 32 points in asia we saw a pull back from yesterdays gains off the china u. S. Trade truce hang seng is off just a fraction over in europe, european equities are mostly higher the dax is up by 0. 8 . Perhaps europe is still digesting the news that Christine Lagarde will head the ecb. The first woman to do so treasury yields fell back below 2 yesterday and remains there right now. 1. 895 the global story here, the benchmark german bund yield has fallen to a new record low, negative 0. 385 right now. It was negative 0. 4 earlier. The italian tenyear has gone from 2. 8 to 1. 7 in the space of about three weeks. Lagardes appointment seen not just in the german bund yield as not potential hawk, she will be more dovish, but someone who can operate politically and avoid a clash on the italian budget. Both appointments being European Commission president and ecb president being german and french shows the power brokers,
Competition. Ariza senator Kyrsten Sinema chairs the senate commerce, science, and transportation subcommieeearing. [inaudible conversations] [inaudible conversations] the subcommittee is now in der. Welcome everyone to a hearing on the u. S. Senate space and science subcommittee. Thank you to each of our witnesses for the participation today. Thanks to her subcommittee rankg member smith for worng with me on these issues and future capital and Ranking Member cz for their collaboratio a thriving commercial space instry is eentialor continued American Leadership o space innovation which in turn advances medical Economic National Security and scientific interes. The new space economy presents exciting opportunities where visiting living and working space can become reality. I am proud americas leading these global efforts to save advanced tecology that enables Space Exploration including human spaceflight. Im als proud to see my home state of arizona lding the way in commercial space. Ar