Good morning, it is 11 00 a. M. Eastern, 8 00 a. M. Pacific. Im jose diazbalart. We are tracking an incredibly busy day on capitol hill. Just moments from now a Veteran Boeing Engineer will testify before a Senate Subcommittee that the 787 dreamliner could break apart in midair due to safety flaws. The president of Colombia University is defending her handling of antisemitic incidents on campus and accusations she failed to protect jewish students after october 7th. And in two hours, the senate will open the Impeachment Trial of Homeland Security secretary alejandro mayorkas, the first impeachment of a Cabinet Member in almost 150 years. But, we begin this morning with the very latest from former president Donald Trumps hush money trial, that is now taking shape after hundreds of new yorkers were summoned to court this week. Seven have now been sworn in to serve as jurors in the very first criminal trial facing the former president , centered around hush money payments made to stormy d
Johnsons here and boy, do we have some questions . The lead starts right now urgent action on the hill as Speaker Johnson finds a way to allow votes on aid to israel and taiwan and ukraine but its johnsons a forward that has his rightward flank in an uproar i dont know how much longer are members are going to tolerate the republican speaker . For that, we elected is it all just talk just johnson need democrats to be his lifeline. Ill ask the speaker himself here on the lead, plus more drama im on the senate, sayyed and Impeachment Trials underway democrats are trying to save Homeland Security secretary Alejandro Mayorkas, but republicans, well, theyve got their own plans and a brand new filing. Justin from the new york Hush Money Case a line of questioning that the prosecution may take if donald trump makes good on his pledge and takes the stand welcome to the lead on jake tapper and we start today with our politics lead and just 15 minutes or so, im going to be join live by the Speake
Into the crowded square at brightside plots twelve people were killed dozens others injured our correspondent who was on the scene last year is there again tonight will ask has enough been done to help those whose lives were destroyed by that attack also on the show republicans in the u. S. House of representatives passed dogwood trumps tax reform bill the first rewrite of u. S. Tax laws in three decades is now set for a Senate Showdown and yemens hoochie rebels fire a ballistic rocket at saudi arabia saudi forces say they intercepted it but is this a sign that the carnage in yemen is spreading well ask an expert for his and now. Im off its good to have you with the sea here in the german capital tonight people have been remembering the lives lost in a night of terror one year ago a rejected Asylum Seeker from tunisia drove a truck into a berlin Christmas Market killing twelve people tonight the country and the world cast their eyes again on the scene of that attack where a series of m
Mark police say the driver is an Australian Citizen of afghan descent who has a known history of drug use and Mental Health issues. U. S. Senate Majority Leader Mitch Mcconnell says he doesnt expect the chamber to take up changes on the welfare system in 2018. He addressed the issue at an axials event in washington. I think the democrats are not going to be interested in reform, so i dont expect to see that on the agenda. What the democrats are willing to do is important, because in the senate, with rare sections with rare exceptions like the tax bill, we have democratic involvement. Mark he added infrastructure is a key objective or next year and at a minimum he expects technical corrections to the bill. All remaining significant evacuation orders in areas the smoldering remnants of Southern California path huge wildfire have been canceled after a new round of winds cause activity. Warnings of high fire risk were canceled for Santa Barbara county. In ventura county, firefighters attac
This is Bloomberg Markets asia. Lets have a look at whats been going on. There has been a steeping of the yield curve going on, more flattening taking place. What we have is perhaps an economic slowdown in prospect. Lets have a look at this chart. It goes back to 1986 and it tracks whats going on in the white line into the two to 10 year yield spread. That is indicated by this axis here. Just over 60 basis points between the two of them. The green line is where gdp is. This is inverted. You can the lowest number of growth here, 4 contraction. What happens next is that the yield curve perhaps sees more flattening. We see growth has been improving of late. What happens in the future . We have a strong correlation between the two of them. One of the head scratchers in terms of what we been looking at this year. We had off to christmas break and volatility has been settling going lower, that if we can hold on to the moment in what we are seeing for this rally, we are going to see the asiap