Constituents how she has navigated her own constituency. Beyond that i spoke with patrick mchenry, a prominent republican commit republican member of the House Financial Services committee who told me the dynamics of whether or not this becomes a constitutional crisis has not been changed. The president emboldened by a poll that found he is still enjoying high supports by republicans in his party. A likely sixday week trial in the senate and this could be wrapped up by sprite a likely six to eight week trial in the senate and this could be wrapped up by next spring. David i want to pick up on president s tweet about nancy pelosi. Fit,d she had a nervous and help the homeless in your district. Hasiously the president refrained from getting too personal against closely. Does this reflect a shift . Kevin it does and it reflects an emboldened feeling from inside the white house that they are not at risk of losing republican support. In terms of the calculation republicans are making behind
It was above 59 at session highs come about right now just below that once again. The worst performer in the s p 500 right now, brownforman, the maker of jack daniels, among other spirits. Guy in europe, the picture fairly mixed. We been watching equity markets throughout the week be buffeted by the trade story, and we will continue to watch that. European stocks dipping over the last couple of hours. Lets go to vienna, where delegates are telling Bloomberg News that an Opec Committee is recommending an additional cut of 500,000 barrels a day. Bloomberg spoke exclusively to nigerias oil minister, who said his country would agree to more cuts if needed. It would be a tough decision, but we will have to cut, yes, if that is the position. Joining us from vienna, bloombergs Annmarie Hordern. What effects will these cuts have . Cuts wouldell, these take it from 1. 2 to 1. 7. The big question is distribution. How will this be distributed . Thats what the Russian Energy minister alluded to. T
Lacqua in london. Bonds marketsd are closed for this Martin Luther king day. For our american viewers, happy holidays. A little pressure coming from some of the earnings. Without a doubt, these data points come from china. Which is why i am looking at the chinese data, filtering to the y uan. Eurodollar, 1. 2230. Euro strength, dollar weakness. Will that continue and when will it hurt european exports . 60. 25. Brent, 70. Airbus joins us in 30 minutes. They could check on the a38 if there are no orders from emir ates. Ofs, the vice chair Blackstone Group joins us. And of course, tom keene is in town for the week. Lets get to the bloomberg first word news. Nejra donald trump is an asteroid of awfulness according to the u. K. Shadow foreign secretary. Trump on the ut at bbc. He is an asteroid of awfulness that has fallen on this world. Ithink he is a danger and think he is a risk. I dont want him to come to the country. I dont think he should have been given the invitation in the way tha
Also coming up, cathe pacific is hit by lawsuits. We speak to the chief executive ivan chu at 10 30 a. M. We are getting news from the Norwegian Wealth Fund following it decline. This is the biggest Sovereign Wealth Fund in the world. It has invested a lot in oil. It has tried to focus more on real estate. Falling 0. 9 . I think that is in terms of revenue. Manus cranny will have an interview, the only exclusive interview for International Media with the ceo of norgas bank later on. That will come to you on the pulse. The German Parliament is right now debating whether to approve the greek rescue package. Hans nicholsrlin has been following the developments closely. We spoke to a key Angela Merkel advisor. He was pretty confident this is the boat will not only go through but will go through with a very large majority. Our next guest says the greek house is burning. Microhe head of rbs credit in research. Thank you for coming in. Maybe a brigade is little bit too late, but in the last 2
Of this , beatingclimate 108. 3 estimates and expectations. And the estimate was for 102. Francine better than expected. If my calculations are right and they may be wrong part of the survey was done in the first couple days. The for the market rout bef ore the market rout. Expecting to be lower than estimates because of the china factor. But confidence at 108. 3. Manus chinese shares have plunged again. Routteepest fourday since 1996. The markets europe, have rebounded. We have more on that with Caroline Hyde in a moment. We also have richard frost. He is in hong kong. What is behind todays rout . Richard yeah, hi. Fairly astonishing day giving the heaven losses the heavy losses we had. Decline. What appears to have happen is after the government expended so much energy and funds to shore up the market following the rout last month, they seem to have disappeared. Heavyat weve seen is losses with some of the largest companies, including petro china, chinas largest company, which has lo