blumenauer: absolutely.e have watched state after state approved initiatives to legalize some form of marijuana. now 47 states have some form of state legal marijuana. the problem with the banking industry is not that they do not want the money. they desperately would like to do business with a multibillion-dollar enterprise that is growing in leaps and bounds. but the federal government has an insane policy to deny these businesses that are legal at the state level from having access to financial services. i've worked on this issue for years from coast to coast. i've never met a single person who thinks there is any benefit in forcing legal enterprises and cannabis to not have banking services. if you care about money laundering, tax evasion, and theft. this was a very critical initial hearing. i think it will pass. and i think we will watch other things move forward in this congress like dealing with bipartisan legislation on research and allowing veterans in states where it is legal to be able to work wit

trade on capitol hill, congressman earl blumenauer, a democrat from oregon. he comes to us from capitol hill. thank you for your patience. appreciate you being with us. we heard from robert lighthizer yesterday. the initial reaction in the market was he was lowering expectations of what kind of a deal we could get. he said if we could get a deal. what did you take away as you listen to his testimony? >> there is significant confidence with ambassador lighthizer. he has been very open with us. he is a long time skeptic about china but he is realistic. it is not inappropriate to lower the expectations. this is a long game and we are talking about structural changes necessary in the chinese economy but these are changes we've been waiting for since 1999.

congressman earl blumenauer of oregon. this is bloomberg ♪. number totally surprised. r&d spending up 13.5%. also consumer spending made up inost 2% of the increase spending on things like structures had the biggest drop. equipment and software spending moving higher. companies were spending. we were not expecting it but they did it. they: on our noon program said we had words about the world but -- larida said thea u.s. economy is good. coming up on "the open" keith parker will be joining jonathan ferro. this is bloomberg. ♪ jonathan: from new york city for our viewers worldwide. i'm jonathan ferro. the countdown to the open starts right now. ♪ powelln: coming up, patiently waited for cross current. the u.s. economy remains resilient. chinese manufacturing continues to slump. no deal in hanoi. the president walks out after kim jong-un rejected u.s. demands. good morning. futures off the lows and down .1% off the s&p 500. the euro positive. treasury yields back at 2.70. up two basis points. the economic data in the u.s. is still looking decent

speech these trial will serve the blumenauer spanish democracy it has already set up actually the spanishemocracy it has a polarized public opinion in spain in catalonia this trial as i said before is regatta that there's so levy unfair should not be must not be taken and happen and. sadly and they would learn not to say these but they are sadly quite pessimistic because usually in brussels and strasburg my friends play rugby and friends there me but spanish respond years the spanish judiciary will not dare to or sentence these people in twenty five years or something like that you know and they will say well i should i think they will there because they the the them really see the importance of the international law and european law and their primacy is into spanish law and they really think that this is these will be these will be a long process that will end up in the european court yet mr get in my you as pessimistic about this trial i mean how do you think europe is looking on at the case especially given it could end up at the european court on appeal. well the secessionist parties

peter defazio and representative blumenauer are leaders in late rail and transit area. that is a nice bipartisan issue. we didn't used to be. a lot of us who represent rural areas outside the metro service districts, nice to have a robust bus system and that will be part of what comes forward. we have to make sure this is not an urban centric transportation bill. the biggest issue in my district is highway that runs around the outside of portland called i-205 where the highway goes down to two and crosses a bridge. we need to fix the bridge and make sure the lanes are widened. a that will be a popular project. we have a stiff process in oregon where every city and every county works with the prioritization of their projects. it's not political. they have to sell their project based on the merits. they come up to the top and my job is to advocate for those. i rely on my state to come up with their designated projects that i would be advocating for is projects of regional and national significance. our traffic jams in the portland area are as bad as washington, .c., we ne

: the sierra club, tom steyer's nexgen america, as well as veteran democrat representative earl blumenaueron, all among the first backers of boccaccio cortes' green new deal. you pointed this out. all the groups in the memo listed as endorsers are "pending final resolution linkage." you're right, they don't know exactly what's in it at this point. >> jason: but they are all endorsing. >> melissa: i always love how confused and misinformed she is on the facts, and when you come down to this quote -- i love it, when she says "it will generate millions of good, high wage jobs." actually, factually, it will do exactly the opposite. according to the bureau of labels to take six we need thousand new i.t. workers every year right now for all the technology that we have going on in our economy. we are only producing 40,000 of them. we are creating all of these jobs right now that are open. she wants to create even more. we don't have the training for it. at the same time, returning to mckenzie, we are automating a lot of this other technology on the other side of the spectrum. the closer we come t

into the house chamber but they will not attend the president "state of the union" address, oral blumenaueregon, steve: from tennessee, hank johnson from georgia, frederick luke wilson from georgia, and congressman al green of texas. in terms of gas high-profile law makers to the "state of the union" address, cory booker the senator from new jersey has invited the man received a life sentence in 2003 for nonviolent drug offense and was released last month under the first step act. hawaii congressman bringing syrian kurdish leader who is an advocate for peace in syria. new york showed up and with a transgendered navy lieutenant commander putting the spotlight lgbtq issues in california senator mullah harris with surviving the massive thomas fire in a furloughed air traffic controller specialist, and a club which are bringing the mother of a young man who died from diabetic ketoacidosis because he could not afford insulin. massachusetts worn, hud employee for the shutdown. president trump invited a guest include a man a sixth-grader from delaware with the last name of trump who has bullied fo

blumenauer to inquire. mr. blumenauer: mr. ambassador, you have one of the toughest jobs in the administration. we prashte you being here and your discussions that you have had with me and so many members of the committee on both sides of the aisle. i'mal little concerned about the 301 tariffs. it is a tax on everyday americans and most businesses and i'm concerned that we have some sort of agreement that will results in just purchasing soy beans and airplanes, that is not sustainable. i'm hopeful that using the tariffs and the negotiations results in some structural changes in order to be termed a success. and i'm confident that is your goal as well. any meaningful field, i feel, must effectively deal with another long-term problem that has been vexing us for the last couple of decades, currency manipulation. the president said he would have bel china a currency manipulator on day one. i'm not so much concerned about that broken promise as i am whether or not we are moving forward. it doesn't appear as though china has been a

i would go around giving speeches talking about how we've become third world and congressman blumenauer approached me after one of those speeches and said that's really insulting. you know how bad it is. he said, no, no, it's insulting to third world countries because they are investing a higher percentage of their gdp in infrastructure than we are. that's true. if you look around the world, we're understand investing. we're living on the legacy of the eisenhower era and the reagan era as it regards to transit. that's a long time ago. congress hasn't raised the federal gas tax since 1993, yet three dozen states have done that and there have been virtually no political consequences. the american people get it. they're tired of sitting in traffic. they're tired of the potholes. obviously those of you in the freight business are tired of the delays and the uncertainty that comes with this deteriorated infrastructure, and we've got to -- we've got to step up to this, and it can't wait. it can't wait, you know, until the next presidential and then you get started up and it doesn't happen. no

look at their positions blumenauer got to abolish ice.r a wall. stacy abrams do the state of the union address three weeks ago stacey abrams said it's okay if non-citizens vote. they have taken the most radical positions their party has ever taken and still we might get an agreement shows persistence and willingness to negotiate the president has displayed. hopefully we get there we have to wait and see. steve: item in the "the washington post" that says apparently the democrats have said why could increase money for fencing but no wall. clearly, you know, they just tonight want to give the president any sort of something that would even approach a win for him. >> that could be it. i guess that's probably where they are coming from. just a purely political perspective. if they could get past this idea of stopping the president and getting on with what the president talked about the other night helping the country, we could get there and it does include a border security wall like i said. they were for it before. but that seems to be the p

ainsley: some of these that are not going tonight that are intentionally skipping you have earl blumenaueris democrat from georgia didn't go last year and hank johnson democrat from georgia said i would rather be somewhere else. last year 14 didn't go. >> i sat through eight of them with president barack obama and you sit there and it's a time to be reverent and you honor the system and the approach. i didn't like sitting there i didn't like what the president obama had to say. but you do it out of respect and to build a dialogue but i don't think the democrats -- ainsley: what does that say about where we are as a country people not going. >> about the resistance movement. sounds like donald trump is going to call that out. resist at all levels. i'm glad they are bringing that young, the person who is not related to trump but his last name is trump. i think that's a good message. steve: joshua. >> that's a good message to america everybody quit it take a deep breath. we have to solve problems. you know, that's what i see with what's happening in congress. it's a failure of congress to not

blumenauer, to preside over the ommittee of the whole. the chair: the house is in the committee of the whole on the state of the union for consideration of h.r. 8, which the clerk will report by title. the clerk: a bill to require a background check for every firearm sale. the chair: pursuant to the rule, the bill is considered read the first time. the gentleman from new york, mr. nadler, and the gentleman from georgia, mr. collins, will each control 30 minutes. the chair recognizes the gentleman from new york. mr. nadler: thank you, mr. chairman. mr. chairman, i yield myself such time as i may consume. the chair: the gentleman is recognized. mr. nadler: mr. chairman, i am pleased that today we are considering h.r. 8. the bipartisan background checks act of 2019. we have promised the american people that congress would take steps to reduce gun violence and this bill is a critical first step toward doing so. during the past four weeks, as the judiciary committee and now the full house have discussed the issue of gun violence, i have cited