this amendment would not allow the usda to revoke any additional agreements currently in place. these grain elevators are still using -- to be clear, these grain elevators are still using usda-sanctioned official inspection agencies. the inspection agencies in question have agreed to perform inspections outside those designated geographic areas. the question we will soon be voting on is whether usda ought to honor those exceptions already made to grain facilities and their inspectors. this is a commonsense amendment to make sure usda does so, honors its commitments and the grain facilities are afforded the best possible service from the department of agriculture. i urge my colleagues to support this amendment. the presiding officer: under the previous order, the question is on the moran amendment. there a sufficient second? there appears to be. the clerk will call the roll. vote: vote: the presiding officer: are there any senators in the chamber wishing to vote or change their vote? if not, the ayes are 98. the nays are zero. the amendment is agreed to. under the previous order

this is the idea the usda takes part in efforts to expand the market, convince buyers to buy u.s.ducts. aboutill all add up to $12 billion but we really will not know until after the fall harvest. last week, the agriculture secretary was saying they would announce the plan around labor day. they decided to announce it today. the president is speaking in iowa on thursday. he was in missouri today. looks like the real details will still wait until around labor day. the timing of this, we are not sure exactly why it was done this way but we know the president is in the midwest and farmers have questions. joe: where does the ute -- usda get the authority to spend $12 billion without it being -- by congress? >> the commodity credit organization, part of the usda, does have statutory authority to spend money for such projects during times of emergency. this is not unheard of. the obama administration, there was a big drought in 2012. you saw them buying pork, chicken, lamb, about $170 million worth. this time, obviously the order of magnitude is much higher. this is not a response to so

the latest usda monthly numbers show total pounds of stored beef were up 8% yr over year.rozen pork is up slightly from lastr. y analysts say the numbers are not record setting, but big and g. forbod >> we're definitely expecting inventories to continue to increase and we're expecting a huge increase in production this fall, record high. >> the a aunt of meat cold storage has been building in part because of low feed prices ich is a major cost for eroducers, but demand has also been on the ris especially from export markets. analysts say meatce pors have increased production to fulfill the growing needs, but eventually ballooning supply outpaced demand and now with trade tariffs and exports to china and mexico. some analysts say it's just a matter of time bore the rising supply of frozen protein will eat into profits of meat dumps. >> as it stands today, you would expect prices to drop especially for products impacted by the tariffs. >> price drops could hurt farmers which is why today the trump administration announced plans to offer up to $12 billion in aid to farmers hi

we have a display case with samples of cotton. , it israded by the usda all the same standard across the u.s.. grading offices in texas. how many, seven or eight in the whole nation. they grade the cotton primarily on eight different factors. the color of the fiber is a big part. rain and itlot of is harvested wrong, it might not be a bright white. all these different factors. [indiscernible] cotton have so many factors that can come into play. we have a bale of cotton here drawn on my farm. we shows a grade and explain the different factors that make the grade up. when you put the combination of a factors, you in up with a lot of combinations in the final grade. cotton has been good to our life. we owned and operated a cotton teachingafter agriculture in high school for 11 years, got into managing a cotton gin, and later buying shares of it and then owning 100% of it. , 1600 balesmall gin the first year, to 116,000 in 2007. inhad 85,500 bale average 2010. me the county i was in gave some scope. gins when ierating are six inday there that county. those six are probably doing more tha

grown in america and usda certified organic. farm to table fresh in every scoop.it, it's very good. it's delicious. - it's really sweet and tasty. - if i can find something that's ready-made, that tastes like this, i'm good to go. - [narrator] today, join us as we take a trip to the heartland. to the van drunen farms. seventh generation farmers who grow some of the organic vegetables for grown american superfood and you'll learn the secret of why grown american superfood is better than fresh. with everything you want in your food. including super leafy greens, super vegetables, super fruits, and super sprouts and nothing you don't. no added sugars, no fillers, no gmos, no gluten. plus, it's only 25 calories per scoop and so delicious you and your family will love it. - i have a three year old daughter, she loves it. - grown american superfood found a quick and easy way for my family to get fruits and vegetables everyday. - [narrator] stay tuned to find out how you can energize, revitalize, and transform your life with grown american superfood absolutely free. that

cotton is all graded by the usda, so it is an unbiased party. it is all the same standard across the u.s. there are four grading offices in texas. one in lubbock, 150 miles from here, and to others. i forget how many, seven or eight in the whole nation. they grade the cotton primarily on eight different factors. amount of trash in it, the length of the fibers, the color of the fiber is a big part. if we get a lot of rain and it is harvested wrong, it might not discolor, you want it to be a bright white. all these different factors. cotton have so many factors that can come into play. we have a bale of cotton here that was actually drawn on my farm. we show a grade and explain the different factors that make the grade up. when you put 8 combinations of factors, you end up with a lot of combinations in the final grade. cotton has been good to our life. we owned and operated a cotton gin, and after teaching agriculture in high school for 11 years, got into managing a cotton gin, and later buying shares of it and then owning 100% of it. we owned a s

cotton is all graded by the usda, and unbiased party. it is all by the same standard across the u.s.. there's four grading offices. here. 150 miles from there is only -- probably seven or eight in the whole nation now. cotton-based this common factors, the amount of trash, length and color of fibers. we get a lot of rain, and the harvest might discolor it. -- is graded morning evening moisture, but cotton has got so many factors. we have a bale of cotton grown on my farm. we show the grade and explain the different factors that make up the grade. so, when you put eight combinations of factors, you end up with a lot of different combinations in the final grade. cotton has been good to our life. we owned and operated a cotton gin, and after teaching agriculture in high school for 11 years, got into managing a cotton gin, and later buying shares of it and then owning 100% of it. we owned a small gin, 1600 bales the first year, to 116,000 in 2007. we had 85,500 bale average in 2010. and a lot of growth. but the county i was in gave me some s

here is the reality, and this is the usda that will tell you this. snap is subject to many audits and gao oversight reports, but it is one of the most effective federal programs we have with one of the lowest fraud and error rates. compare that to the pentagon and all the waste and abuse and the cost overruns in the pentagon. the fact of the matter is snap works. by the way, the average benefit is about $1.40 per person per meal. people can't live on that. that is why food banks will tell you in the middle of the month they are inundated with people because they have run out of money to buy groceries for their families. this is an effectively run program. it is constantly being reviewed. it has a very low error rate. even this administration will concede that. it is quite frankly underfunded. -- i't know how people can think the benefits are too low. we should be talking about expanding the program and making it better. this is the united states of america. we are the richest country in the history of the world. we have over 40 million people who wer

. >>> one of the things we are focused on with the usda is the --. we take it for granted in the urban areas. a lot of kids growing up don't have the benefits of broadband. a lot of aquaculture depends on broad and to be over the plant the seed exactly what it should be. e-commerce, those kind of things, one of our big goals is to make sure that when we leave that we have a robust role broadband network across the country. >>> these are things to get by in the titles of top, you have one more, you are a pilot. >>> that's right. >>> tell me what you fly and when and are you safe ? >>> i hope i've been safe, i've been flying since 68. i have had no problem so far. about 10 years ago i wanted to get my rotary license and enjoy my helicopters. last sunday i went for my biannual flight review and pass. we are doing great. >>> your bucket list your dream was to fly from where to where and on what. >>> i am a single engine pilot. therefore i would like to take my single engine airplane across i just came back from alaska i would like to fly back across alas

now, while the usda has no plans to inspect cricket farms and the f.d.a. has, quote, no special rules for edible inspects, unquote, at this time, multiple bug-based companies have received federal funds to research and develop techniques to put bugs in your food. for example, bug-eater labs -- i'm not joking here -- bug-eater labs of nebraska has received $100,000 taxpayer money -- this is a grant -- to identify the most edible insects. with support from the usda, bug eater is testing bug-based pasta, ramon and macaroni noodles. now to get bugs into the food, the crickets are ground into a powder and mixed into pasta dough. bug eater hopes to secure another $600,000 in federal funds to cover the cost of developing and manufacturing a commercial-ready product made from bugs. now, separately, all things bugs of georgia -- i'm not kidding again. that's a real company -- has received nearly $1.3 million in reducing our -- for reducing the cost of and improving the efficiency of farming crickets as food ingredients. they currently produce and sell cricket powde

one of the things we are really focused on usda for real development is broadband. we take it for granted in our urban areas but many people, many kids going up don't have the advantages, the socialization of rural broadband. it's more than that. precision agriculture depends on broadband to be able to plan that seed right where it should be, but the inputs there. and then telemedicine, e-commerce, those kinds of things and one of our big old is -- big goals is to make sure when we leave we've got a robust rural broadband network across the country. >> and mr. secretary, as we say goodbye, in addition to all those titles, up top you have one more. you are a pilot. >> that's right. both rotary and fixed wing. >> tell me what you fly and when and are you safe? >> i hope i am safe. i have been flying since and 1968 haven't had any problems so far, but about 10 years ago i wanted to get my rotary license and enjoy flying helicopters as well. as a matter fact, by sunday i went for my biannual flight review and passed. so we are doing great. >> last thing, your bucket lis

farmers from the usda. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn.nda: i'm amanda lang. we have breaking news. moments ago, a conference call with the agricultural secretary can from a $12 billion in aid for farmers affected by tariffs. after months of promises, some details will now emerge. we go to justin by telephone. start with whether there is any kind of discussion on the framework. there have been discussions about the outright purchase of commodities, so do we know how this will work? justin: no great detail on how it will work, but what we know is the usda announced it will be about $12 billion in aid to farmers, primarily those herds by the back and forth on trade. we expect the package to include food purchases, direct payment, and a trade development options. how exactly it will be separated out is still to be determined. is usda says the rule expected in the next couple weeks and we should have details by labor day, but it certainly is -- the framework and suggestion that the administration is bracing for the impact of the trade policies

this comes on the usda saying it has raised its 2019 u.s. so i reserve forecast 51% on lower exports. now helping the s&p 500 take a look at northrop grumman. shares of the defense contractor up 2.9%. it's best day since early may. on july 20 fifth that earnings could be stronger than what investors are looking for. speaking of earnings tomorrow of course the big banks will be reporting. jpmorgan, citigroup and wells fargo all reporting tomorrow before the bell a bit of a mixed picture. investors on hold. there are reports that that could be eating into the investment banking revenue for some of these big banks. thank you so much. coming up, it inflation, tariffs, full employment. just some of the issues facing the fed. we will hear from patrick harker. this is bloomberg. ♪ shery: this is bloomberg markets: balance of power. i'm shery ahn. david: i'm david westin. we turn to mark crumpton for bloomberg news. >> peter strzok's testified for the first time on capitol hill about disparaging text messages he allegedly made about then candidate d

usda organic are so low that it's not really organic anymore. i'm a very careful shopper and i know i look at the difference between certain things and i think it's about making choices in choosing what is important and what is not. i'm saying that as somebody who's not on a strict budget. >> one of my main critiques in the book is they can be about individual choice. islam is about individual choice nothing is going to change in the country so that's why about organizing the community building co-ops and demanding from our politicians. why do you think the lobbyist tell lawmakers what they can and can't do. regulatory agencies are there and it's their job to protect the public health. we pay them to do that with our tax dollars so we should be demanding they are protecting us. it shouldn't have to come down to making tough choices. >> to piggyback on that would have the top three ways that ordinary citizens can -- policy. >> the top three ways. call your local politicians. i think it works if enough people do it but i think again what about org

and usda agrees. they said please take it, you know, no problem.o that's the rationale behind it. >> you believe it will streamline -- the people that report to you believe the streamline process within hud is going to be beneficial to rural communitys? >> absolutely. >> thank you, mr. secretary. i yield back >> gentleman yields back. the chair now recognizes the gentleman from california. >> thank you for taking the time to be with us. let me preface my remarks. mr. ellison started talking about the housing situation in minneapolis area where affordable housing is really becoming hard to find. in colorado my district i represent the suburbs of denver. in the denver metropolitan area we have enjoyed a good economy probably five, six years running to the point where my district, i've been under 3% unemployment for at least five years now. so very strong. but as a consequence, we've seen a lot of congestion in our highways. so an infrastructure issue. and housing, particularly for the disabled, the elderly, the low to moderate income has really becom

in another sector, usda reported that china canceled nearly $140 million contract at the end of june. as you will hear in a few minutes our witnesses from washington state, terry producers are feeling the pinch. -- terry producers are feeling the pinch during their short season as they feel a 25 percent tariff in china. today we will hear from a broad range of american agriculture producers about the real world impact of increased tariffs. i am eager to hear from our witnesses today and learn how these tariffs are affecting their farms, families, and communities. our hearing will focus on both u.s. tariff increases related to the section 232 action on steel and aluminum and the section 301 tariffs on china as well as retaliatory tariffs from around the world. i look forward to learning from our excellent tamil -- panel of witnesses. some have traveled a long way to be here with us. we will continue to engage with the president and members of the administration and how we reach a durable solution to the challenging trade agenda. i have urged the president to restore the exemptions from

in another sector usda reported china cancelled nearly $140 million in soybean contracts at the end of june. as you will hear in a few minutes, cherry producers are really feeling the pinch during their short cherry season as they face an additional 25% tariff in china. this is their top export market. today we'll hear from a broad rang of american agricultural producers about the real world tariffs. i'm eager to hear from the witnesses today and learn how the tariffs are affecting their farms, families and communities. our hearing will focus on tariff increases related to section 232 action on steal and aluminum and the section 301 tariffs on china as well as retaliatory tariffs from around the world. i look forward to learning from our excellent panel of witnesses today. some have travelled a long way to be here with us and will continue to engage with the president, with the members of the administration and how we reach a durable solution to the challenging trade agenda. and i for one have urged the president to restore the exemptions from steel and aluminum tariffs for mexico and

the usda said that is in the interest of equal access, will the access really be equal?ill it just go with whatever firm can come up with the best data scraping software to get their headlines out before everyone else and literally make millions of dollars? i have been covering this report for more than year and i feel like we have been doing a pretty good job. we will continue to do a good job but we are living in a different world. alix: fair point. thank you. let's get right to the ring. three charts, three trades of the week. industrial metals hit hard. goldman sachs lowering its price target for industrial metals and say that fear trumps fundamentals. i'm joined by our mining analyst from princeton. kick it off with copper, how do we hit bottom? andrew: i don't think we have just yet. we think some underlying trackers in the macro index, which include the dollar, the chinese yuan and capital flow proxies, could deteriorate a little bit further. with that being said, the downside seems a bit limited here, maybe 5% or 6%. the level on the bottom would be about 5800 on

the usda said that is in the interest of equal access, will the access really be equal? simply not going to go with whatever trading firm can come up with the best data scraping software together headlines out before everyone else, and literally make millions of dollars over that worldwatch report? i have been covering this report for more than year and i feel like we have been doing a pretty good job. we will continue to do a good job, but, we're living in a different world. alix: fair point. thank you. let's get right to the ring. three trades of the week. industrial metals hit hard. goldman sachs lowering its price target for industrial metals and saying that fear trumps fundamentals. i am joined by andrew caused her, bloomberg intelligence senior energy and mining analyst. he joins me from princeton. picking up with copper, have we hit bottom? andrew: i don't think we have hit bottom just yet. we think some underlying trackers in the macro index, which included the dollar, the chinese yuan and e.m. capital flow proxies, could deteriorate a bit further. with that bein

in terms of rural housing hud already does more than usda does.so, that is not a difficult move at all and the usda agrees and they said please, take it. no problem. that is the rational find it. >> you believe that a streamlined or the people report you believe it will streamline process within hud it will be beneficial to rural communities? >> absolutely. >> thank you, mr. secretary. i you back. >> mr. secretary, thank you for taking the time to visit with us. let me preface my remarks. mr. ellison talked about the housing situation in the minneapolis area where affordable housing is becoming hard to find. in colorado in my district i represent the denver metropolitan area and we've enjoyed a good economy for five or six years runnin running to e point where my district i've been under 3% on appointment for at least five years now. very strong but as a consequence we have seen a lot of congestion in our highways so in a production issue and housing particularly for the disabled, elderly, the low to moderate income has really become hard to find.

in another sector usda reported china cancelled nearly $140 million in soybean contracts at the end of june. as you will hear in a few minutes, cherry producers are really feeling the pinch during their short cherry season as they face an additional 25% tariff in china. this is their top export market. today we'll hear from a broad rang of american agricultural producers about the real world tariffs. i'm eager to hear from the witnesses today and learn how the tariffs are affecting their farms, families and communities. our hearing will focus on tariff increases related to section 232 action on steal and aluminum and the section 301 tariffs on china as well as retaliatory tariffs from around the world. i look forward to learning from our excellent panel of witnesses today. some have travelled a long way to be here with us and will continue to engage with the president, with the members of the administration and how we reach a durable solution to the challenging trade agenda. and i for one have urged the president to restore the exemptions from steel and aluminum tariffs for mexico and

retaliate against american farms industry sources expect the aid to be disbursed through existing usda programs providing temporary income support for certain covered crops and potential targets of this package would be dairy, pork, and soy products some free trade groups and republican lawmakers are already saying it's not enough nebraska senator ben sasse called the funds bail-outs saying the trade war is cutting the legs out from under american farmers, and the white house's plan to spend $12 billion on gold crutches. president trump visiting missouri today and iowa tomorrow where a lot of this retaliation hits home, and he could hear an earful from voters michelle >> yeah, we'll be watching for that for sure. thank you, kayla >>> while president trump is planning on that aid for farmers, he still is defending tariffs. in a tweet this morning the president wrote "tariffs are the greatest either a country which has treated the united states unfairly on trade negotiates a fair deal, or it gets hit with tariffs. it's as simple as that, and everybody is talking remember, we are the "pig

here is the reality, and this is the usda that will tell you this.p is subject to many audits and gao oversight reports, but it is one of the most effective federal programs we have with one of the lowest fraud and error rates. compare that to the pentagon and all the waste and abuse and the cost overruns in the pentagon. the fact of the matter is snap works. by the way, the average benefit is about $1.40 per person per meal. people can't live on that. that is why food banks will tell you in the middle of the month they are inundated with people because they have run out of money to buy groceries for their families. this is an effectively run program. it is constantly being reviewed. it has a very low error rate. even this administration will concede that. it is quite frankly underfunded. -- i't know how people can think the benefits are too low. we should be talking about expanding the program and making it better. this is the united states of america. we are the richest country in the history of the world. we have over 40 million people who were fo

the 2 million farmers, that's an accurate number out of the usda.erstand isd to that the usda definition of a farmer is roughly as follows -- someone who sells or would normally sell in the course of a year $1000 or more of agricultural products. that's a relatively small bar. or low bar. more veryre are a lot small farmers then that 2 million number then there are large farmers. the small farmers tend to be more direct marketing folks. fruit and vegetables, marketing at stands, etc. more of them also tend to be part-time. they have a full-time job, they farm on the side. they make some real general statements. there are exceptions to everything i've said. but the gmo crops are predominantly grown by the larger farmers, the more commercial producers, the producers of what we call commodities. that would be things like soybeans and corn, those kinds of things that are not generally directly consumed by people but are ingredients. most of them, corn and soybeans are good examples, our food stock. they don't go directly to humans. most of the very smal

this $12 billion aid package came out of the usda, aimed at farmers, direct transfer payments, the governmenting to try to buy some commodities. they say they will try to extend relationships with other countries. these tariffs are already costing the economy. to fix this, we are putting more money into this. one of the numbers i thought was interesting to compare to the $12 billion, the steel and aluminum tariffs are going to put $9 billion of money into the general fund, paid out by american companies that are going to have to buy imported steel and aluminum. we are putting $12 billion into the pockets of farmers. this is not free trade. republicans were griping. no one on capitol hill seems to like this. trump's tweets seem to be more leveled at fellow republicans. carol: taylor riggs is here. we wanted to take a bigger look at what is going on in the agricultural sector. taylor: carol, this is such a lousy time for a trade war. you have the agricultural industry really in a slump, with prices falling and supply rising. in blue, the u.s. net farm income, now down to below $60 billion. in w

we got a $12 billion aid package that came out of the usda, aimed at farmers, direct transfer paymentse government is going to try to buy some commodities to put them into food banks. they say they will try to extend relationships with other countries. i am not sure how that will work. these tariffs are already costing the economy. it is early, but the indications that it is. to fix this, we are putting more money into this. one of the numbers i thought was interesting to compare to the $12 billion they are given to ag states, the estimates are that the steel and aluminum tariffs are going to put $9 billion of money into the general fund, paid out by american companies that are going to have to buy imported steel and aluminum. so we are getting $9 billion on one hand in the general fund and we are putting $12 billion into the pockets of farmers. is not free this trade. they were griping about this. no one on capitol hill seems to like this. trump's tweets seem to be more leveled at fellow republicans. carol: that was the news out of washington about the subsidies to farmers. taylor rig

that's why usda has bond is help and brought us to the table and continued to listened to us.having ethanol markets to giving us a level playing field. i talked about yesterday that this is a goodwin to sell more soy beans into europe. we'll continue to open up new markets and look for more opportunities to sell our commodities across the globe. the president understands that. he also recognizes the realities on the ground. >> just to follow up, again, on what willie has been talking about, to be very clear has president trump helped south dakota farmers? are south dakota farmers better off today than they were before this president took office? >> you know, president trump is fighting for south dakota farmers. >> are they better off? >> i believe in the long run we'll be in a better situation. >> so are you willing to acknowledge -- >> how unfairly we've been treated for decades. our farmers have been coming to capitol hill and talk about how china has not treated them fairly how they rejected their commodities, how we haven't had free and fair trade agreements. we had four t

>> i am not an expert on the usda program. i'm not at all an expert. that is something the department of agriculture does and generally -- >> this is a significant industry. >> we need to know whether or not whether we are impacted. and someone looked critically to determine who is eligible for the $12 million. >> in the first place i am not an expert. it is my understanding they are using existing programs so they are reusing existing the authority under existing law and existing funds and i don't know, i'm not in every culture expert. >> some of those existing funds in the agriculture, the purchase and distribution program have been used in the past to help alaskan markets purchase surplus donated so we gain benefits in that so if you are taking from this program to allow benefits that would go exclusively to the traditional agriculture sectors, then you are putting us that further disadvantage. i'm trying to get some clarity. i don't mean to be rude in interrupting. >> i understand completely why it is such an important problem. it is a serious prob

the usda announcing a $12 billion aid package to farmers. when will it be deployed?ls. the white house announced $12 billion in assistance to farmers. it will come in three ways. one is direct purchases of commodities like slightly -- like soybeans, what has been targeted under this trade action going back with china and other countries. you also have direct purchase of commodities, everything from almonds to legumes to other forms of not, fruits, and vegetables. finally, you have a little art funding -- a little more funding for trade promotion. this is the president's own trade policies creating the situation, which has a lot of republicans concerned in terms of precedent in the amount of money being spent to bail out farmers. ♪ >> theresa may is stamping her foot on the european union. the prime minister says she is taking control of negotiations brussels, directing strategy from her own office. that comes after months of tensions between the former brexit secretary, david davis, and her chief europe advisor. is it as simple as, she's back in charge, we will get a

that's based on the next marketing year with the usda projecting that farmers are going to get $.75 lessersold beans when you have a 4 billion bushel crop is farmers planted more acres of soybeans than corn for the first time in 35 years this spring. bet and farmers could lose this year. shery: bloomberg news correspondent alan bjerga, thank you. sign up for the bloomberg newsletter. bloomberg politics.com. get the latest on global politics in your inbox every day. coming up, meredith sumpter the head of research strategy at eurasia group will give her on the latest on china tariffs. this is bloomberg. ♪ >> i'm mark crumpton. new york, new jersey, connecticut and maryland are suing the federal government over the republican lead tax overhaul. the legislation caps the deduction for state and local taxes at $10,000. andrew cuomo claims the tax bill is unconstitutional and was crafted specifically to hurt blue states. iran says there is room for nuclear cooperation with the united states. the spokesman for the nuclear agency of iran said it wants washington to stop its hostile policy toward

learned from industry sources that that could potentially utilize the existing programs within the usda certain risks and price coverage in markets like dairy, like pork, like soybeans we'll see what is announced this afternoon, whether that aid will be distributed directly to certain districts, farmers, certain businesses, or whether it will be potentially targeted at certain markets to lift prices of certain crops that have fallen in months since retaliation has taken place. we expect that this afternoon. we'll let you know as soon as we have more details. back to you. >> big political implications for red states thank you. >>> and jon, deere and caterpillar up not as big as deere, but it is popping. >>> coming up, general motors car showing plan unveiling a new peer to peer program. >>> and president trump weighing in on trade, tweeting tariffs are the greatest we'll take a closer look at the paf tariffs on big tech. "squawk alley" will be right back don't go away. goooooooaaaaaaaallllllll! that...was...magic. willingham tucks it in and puts the championship to bed. sweet dreams, nig

are at the department of labor, but you also see some happening at epa, you see some happening at usda and i will note those. i'm going to go through a few of these fast to give a sense of what's going on. one, rolling back a rule that required employers to keep accurate records of injuries and illnesses for five years. it just gives a get out of jail free card for businesses that don't keep crucial workplace safety records. proposing to roll back some provisions that protect rule from exposure to bril yum on the job, proposing a rule at usda that would increase hog slaughter line speeds in the meat producing industry. so the meat packing industry is already one of the most dangerous industries in this economy. this rule if finalized wouldn't just be bad for workers, it's also bad for animal welfare and food safety. proposing a rule at epa that would weaken regulations protecting farmworkers from exposure to pesticides. taking money out of workers' pockets by abandoning a rule that would have increased the threshold below which essentially all workers could not be denied overtime pay i

>> that's money that exists in a usda department of agriculture account for help for farmers when this happens. coming from an ag state, i know how much they're suffering. i hear from my soybean farmers, corn, you name it. these tariffs are very, very difficult for our farmers all over my state. so while i appreciate that they're trying to help, they're basically trying to fix the problem that they caused. i'm going to be meeting with some canadians tonight. they walked away, the administration did, from negotiating with mexico and canada, an agreement that most of our farmers and states want to see, fair trade, not just trade, fair trade. they want to see trade. they don't want to get a bunch of aid. they want a consistent agreement that creates consistency into the future, not just for a year, not just a few years, not a one-shot deal. that's how they do business. and so, yes, is it good that they're helping them out? sure. but is it the right solution policy-wise in the long term? no. we need to have fair trade agreements and we need to have consistent policy and message coming out

new numbers from the usda show a decline in lemon crops has driven wholesale prices up almost 40%. >> oh, brother. and more heat is. cog by the way. >> drew tuma is here with the latest on that. >> and wile t warmest afternoon tomorrow, all week for folks inland. we're seeing numbers soar into the 90s if not close to the century mark by afternoon. overnight the fog slowly pulling into the coast and the bay. mid- to upper 50s there. but mild away from the coast. we're holding into the 60s. that's the launching pad to get you warm pretty quickly on your wednesday. here is a 12-hour day plan. to break it down, sunny skies. but by 4:00, all about that intense heat. and then we're in the upper 90s in a lot of spots. so highs on your wednesday. beat the heat, go to the coast. 63 for half moon bay. 87 in san jose on your wednesday afternoon. 74 in oakland. about 68 in san francisco. but you're look in the north bay. santa rosa and napa in the low 90s. even farther to north, cloverdale and lake port in the triple-digits. the coast certainly a cool spot. but it will have a beach hazard today a

according to the usda...the late july harvest is expected to be record breaking... challenges lie ahead(jake wenger, farmer) 'every farmerús going to feel it.... to the extent, a little bit yet to be determined.'the ongoing trade war with china... and the presidentús threat to raise tariffs with that country could mean potential hardships on farmers (jake)'i donút know that the impacts will be great enough to push people out of the market or to tear out orchards and plant something else.'the almond board of california reports china is the second largest export market for the fruit... come what may.... father and son growers paul and jake wenger... whose farms economically support at least eight families... say theyúre prepared(paul wenger, farmer) 'if we have a good year than the next year i have a little bit of a cushion for that year.'(nats almond sorter)the board adds almond farmers and processors support 104- thousand jobs in the state... 97-thousand of which are in the central valley alone(nats almond sorter)(kay recede in stanislaus county)'the wenger family s

participants to increase their consumption of fruits and vegetables by 26% and led to the creation of usda's food insecurity and nutrition incentive. inny has provided states localities to expand incentive programs for snap beneficiaries. massachusetts currently uses federal dollars in conjunction with private donations and state resources to increase the purchase of fruits and vegetables. it is working. in our state fini has helped over 63,000 snap recipients increase their fruit and vegetable intake in one year alone. estimates suggest this increase in healthy eating can mean savings of more than $1.1 million in public health costs. so imagine the impact these programs and incentives could have if they were replicated and expanded on a large aer scale. new research from tufts friedman school shows incorporating technology-based incentives for healthier eating into other federal programs like medicare and medicaid would be highly cost-effective, saving millions of lives and billions of dollars in health care costs. we should also look at how we can reach beyond federal health and nutrition

largest agricultural export, $20 billion sold last year according to the usda.na buys more than 30% of that supply. of the 11 midwestern states that produce them, 9 voted for president trump, and strategists say the chinese are betting if they keep putting tariffs on products grown or manufactured in states that voted for the president, the trump administration will back off. american advisers say the chinese are making the wrong kind of bet with the wrong kind of president, lou, and we'll leave the fed conversation for you,, if you like, but the president is breaking protocol speaking on the dollar, breaking protocol speaking about the fed, but maybe it's time to try something new. lou: i think my only thought on it would be to hell with this protocol. this president is making sense. it's something that doesn't often have in public discussions of monetary policy, fiscal policy he is bringing to bear the full weight of his office to make sense, and trade, you know, here is -- this is interesting. the economists in this country, most of them paid by major firms w

usda economiche research service, net farm income is expected to drop to a 12 year low. allow me to further illustrate the impacts of tariffs on our topline, which is sales. million dollars came from montana. china sees a significant milliom montana. china sees a significant -- there is a significant trade opportunity in the market in china. china was our fourth largest customer in 2017. but not one shipment of wheat has been purchased from the u.s. since march. i see i am running short on time. i will wrap it up there and welcome questions. >> [laughter] mr. chairman: mr. bernstein? ernstein: i thank you for the opportunity to testify today on troubling developments in international trade. the trumpput, administration is actively engaged in an escalating trade war, i which i mean the imposition of new tariffs by the u.s. and the retaliation of our trading partners. economic trade has been positive for growth. and abroad. but people and places have been the by growth abroad since 1980's. china often engages in unfair trading practices, including suppressing the value of

if you listen to what usda officials are saying, the agriculture department is saying, one shot at $12 billion not going to happen next year. $12 billion in the election year, and after farmers have voted, maybe they don't get anything. >> that's an awfully cynical view. >> doug, what do you think? >> i'm comparably cynical. this is what i said from the beginning, trade wars are easy to win and tariffs are the greatest thing ever. why then do you have to pay the farmers, to buy their silence in an election year. >> love having you on. thank you. shannon, we'll get to you after the break. we have a lot more to talk about. >>> the new recording, not so secret anymore, from michael cohen. here's the thing, will any of it matter to the president's biggest fans? what the tape means for a commander in chief who, so far, has gotten a pass from his base. the smoother the skin, the more comfortable you are in it. and now there's a new way to smooth. introducing new venus platinum. a premium metal handle boosts control... to reveal up to 100% smooth skin. venus but prevagen helps your brain with