Could they get to a trial. We know Mitch Mcconnell wants to get it over with quick. Jordan it depends on which day nancy pelosi would hold a vote in the house. Mcconnell wants to get rolling right away so he could begin the trial within days of nancy pelosi having that vote. We could be looking at a trial beginning as soon as the end of next week or perhaps the week after. Enactmentalso have an we also have an announcement of new sanctions on iran. Are there really more than before . Jordan a little bit they have targeted copper and iron producers and sanctioning more perfect more officials, but as you hinted at the u. S. Has sanctioned so much of irans economy and placed so much pressure on iran, official say this is an effort to get iran to return to the negotiating table. Leadership has not given any indication they are willing to do that, especially in the aftermath of the airstrike they got from soleimani last week. David that is jordan fabian. Now we go to maria tadeo in brussels. Foreign ministers of the eu were meeting to try to see if they can keep that nuclear deal together. Where are they . Maria the meeting is still ongoing. You can see the criticism. It has taken a week for european Foreign Ministers to meet in brussels. We do not have a plan. The fact that we did get that information out of Justin Trudeau, the Prime Minister of canada, perhaps suggesting the ukrainian plane was shot down by iran has shifted the conversation in brussels. You do have to keep in mind ukraine is not a member state of the eu but it does work closely with the eu. A number of Foreign Ministers saying they want to see exactly what happened to that plane. Why was it shot down. Who made that decision and why did it happen in any case . It probably should never have happened. What we move over to the nuclear deal, the europeans believe it is time for everyone to deescalate and take a step back. A lot of what happens will depend on that plane crash and the findings around what exactly happened. David what can they do about that . We have various western countries saying we are pretty sure it was a missile, a surfacetoair missile, probably mistakenly fired by iran. What can the european Foreign Ministers do . You can also see this is a tricky situation because european Foreign Ministers were caught off guard by the action taken by the u. S. They do believe they are not naive about this, that iran has crossed a number of redlines and they have been actively trying to ignite a reaction from the west. One of the things they could do is turn up the sanctions. This is already an economy badly hurt because of the sanctions. You do have big u. S. Sanctions. It is unclear what the European Play would be. Where they see space for negotiation is around the nuclear deal. Their line of thinking is when the situation deescalate, the only place where they could beat and have a dialogue is around the nuclear deal. It is only the eu that has kept that door open to iran. They believe if iran was serious about walking away from the nuclear deal, they would have done it already in a much more aggressive way. They see that door open to more negotiations, and we know President Trump does believe the deal is 100 dead. David that is for sure. Thanks a much. Great reporting from muscles. From brussels. That is maria tadeo. Joining us in new york is Carl Riccadonna. It is jobs day. Headline numbers a little disappointing . Carl yes. For those who were thinking that trade to taunt the trade detente and Interest Rate cuts was reading to affirm her outlook for 2020, the jobs bit of a reality check. Missing on the Headline Payroll prints, but the work week was revised to lower over the last several months. Also we saw a lack of wage pressures continuing to be evident in the economy. This is a lukewarm economy. It is not an economy rolling over. It is a stark reminder that we are going to be in a tough slog for 2020. Looking for about 2 growth. Todays numbers does not change that estimate. It did signal that Consumer Spending is going to have a heavy load stone around it this year. David that is the point. The year the reason we care about the number is how much does the consumer have to spend. Carl the consumer has been the dominant driver. You would not have had growth over the last couple of quarters if it was not that look from consumers. If you look at that aggregate trend, you can see a deceleration. It certainly bears watching. We can see we have been at this was an 2016 and 2017, and milquetoast economy and that. In that period. We did manage to muddle through. That is what we are looking for. David lukewarm. There you have it. Thanks to Carl Riccadonna. Now lets get a check on the markets and how they are doing. Joining us is Abigail Doolittle. I do not whip i do not know where to start. Abigail i think traders are tired. Very small moves to the downside. In a week where some were talking about the possibility we could see world war iii and then the middle east tensions diffused. So many stories this week. Investors seem to be taking a low bit of a breather. Volume is below average. We do have a bid for bonds. Gold higher. There is a slight risk off town even though the stop declines are small. Earlier the dow did go above 29,000 . We do have hedging going on in the haven assets. If you take a look at what is happening with the vix, basically suppressed, but as is normal the vix curb going out, telling you investors think there could be volatility ahead. David this is the point where you say what counts are earnings. Next week we get Bank Earnings. Abigail Bank Earnings and then the week after that the tech earnings. It is interesting to see whether we can come out of that. With everett with tech driving everything, the nasdaq up for the fifth week in a row. It will be one of the do or die moments where we have to come out of the earnings recession. Tech has been in an earnings recession. David it is all up to tech. Thanks to Abigail Doolittle for that report. Now we turn to Mark Crumpton with bloomberg first word news. Mark plans for President Trumps impeachment trial are moving forward. Nancy pelosi says she has asked Judiciary Committee chairman Jerrold Nadler to be prepared to bring a resolution to the house floor to appoint managers and send the articles of impeachment to the senate next week. The move comes more than three weeks after the house impeached the president for the charge p. M. The abuse the power of his office by pressuring ukraines leader to investigate democrats. The president insists he did nothing wrong. The Trump Administration is posing new sanctions on iran following the attack on u. S. Military bases. Steelnctions target the industry as well as eight senior officials. Steven mnuchin and mike pompeo announced the measures at the white house today. Secretary mnuchin said sanctions waivers will be issued for americans to help with the investigation of the ukrainian jet that crashed near tehran. In puerto rico, unusual seismic activity and aftershocks are delaying recovery after 6. 4 magnitude earthquake. Hundreds of thousands of people are still without power and water. Thousands are staying in shelters and sleeping on sidewalks. Tuesdays quake killed one person, hurt nine others, and damaged or destroyed hundreds of homes or businesses. The latest aftershock measured 4. 36 magnitude. India says the shutdown enforced by Prime Minister modi in cashmere is illegal and in abuse of power. The ruling was critical of the government but stopped short of overturning the communication and transport restrictions that have been in place since august, decadedi strapped seven scrapped seven decades of autonomous status for cashmere. For kashmir. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Coming up, an economist from the Washington Center for equitable growth to take us through the jobs numbers. This is balance of power on Bloomberg Television and radio. A gain inw you had the Household Survey which skews to the younger businesses to show the vitality of the economy. I think this is a strong report. David that was larry kudlow, director of the u. S. Economic council speaking to Bloomberg Radio and television earlier today. Here to take us through the jobs numbers is the director of Macro Economic policy at the Washington Center for equitable growth. She earlier served on the staff of the Federal Reserve and she role. Author of the some thank you so much for joining us. Lets get your initial reaction to the jobless numbers. We have Carl Riccadonna saying lukewarm. What good one. I see a lot of positive. Not positive everywhere, but theres a lot to celebrate in this report. David topline numbers were lower than what was expected in terms of jobs created. The wages were not growing as fast as they had been. Claudia let me start with the payroll numbers. It is true the payroll gains came in under expectations, but i wan yr numbers, especially as far as we are into an expansion. For several years economists have looked at these numbers and said these are higher than what we need to suste the solid labor market. I know this is not what we were looking for what it is good. We asked about wages ann q that is in those in this report. It is not just a disappointment, it is a puzzle. Down forge gains dropw3 the year of 2019. Expecting for some time this wage growth to pick up. T is a puzzle we have on it ployt meantjfxdqe have unemployment below 4 through 2019. That is a level many think should be putting pressure on the labor market. E1qqwe do not see it. David i mentioned the role that mf ming named after you and it indicator of recession, the sahm rule. As i understand thezl is not a chance of recession, but now we start to think about what would happen if there were a downturn. Ijf talked to Larry Summers, the former treasury secretary yesterday about that. His plan to have an automatic physicalfa intrusion. This is what he said. Olivia blendq chart and i w talkingr some automatic stabilizers, the cofaidea that rather than relyir togress to organize itself act each time theres an economic downturn, we should do v0ain changes in spending. D6 is directly related to the sahm t rule because that is one of te triggers people think they might use for the rule Larry Summers lpdescribed. Claudia lp i agree with larry. Exists,on thet jf sahm rule the reason ifa needed to think about when we are in a recession is because i had think i had looked at eight policy proposal to push out direct payments to households and have congress commit to those before we get to the point we need them. I want to addr proposal, there was a volume called recessiontuweady that cae out in may of next year. The Washington Center for equitable growth, the hamilton project Work Together on this volume, and in addition to the direct payments i proposed, there were many ways to add stabilizers that would make Infrastructure Investment automatic and to strengthen the ones we have like unemployment insurance. Hink this is an excellet idea. , we are not inv recession right now. If you just look at the nd the changes we have been seeing, which are non, it is flat. We have time. This would be a wonderful thing for policymakers to focus on. We are never ready for a recession. They are very destructive. Me. I]is it doable in washington . We spent time at the government. Congress does not like to give up its discretion. You had set a rule that down the t uze1niti say whether you do business or not. Republican or democrat will give up that . Claudia jn3 a few points one1 t. No one wants or likes a recession. Cpolicy will help make a recession morexd severe shows we are thinking ahead. E1this is good policy. Gone out havee1 in the past two recessions. W3congress got together and didt before. E1doing that aheade1 of time, tg it has helped businesses now that we aree1 committed. We have your back when there is a recession and we can move fast. E1one of the things i put in my Congress Wants to show they are acting in the there is still a vli lc h claudia sahmfae1 from the Washington Center for equitable growth. Power on fafa balance oft Bloomberg Television andr david this is balance of power on Bloomberg Television and radio. Iran is continuing to dispute the growing consensus that the ukrainian Passenger Airline that crashed earlier this week was brought down by an errant surfacetoair missile. In a press conference yesterday, Justin Trudeau said there was evidence to support that. We have intelligence from multiple sources, including our allies and our own intelligence. The evidence indicates the plane was shot down by an iranian surfacetoair missile. This may well have been unintentional. Raises questions about who will be involved in the investigation. We welcome my colleague, anchor of the Weekly Radio ProgramBloomberg Law and a Global Affairs analyst and former spokesperson for the organization for security and cooperation. Great to have you, michael, back with us. Willus a sense of how iran approach this delicate question. They do not want an embarrassment. Michael they do not. This is an opportunity for them to turn tragedy into an opportunity by being transparent and having the most expert and professional investigation possible and inviting in foreign experts. Looking at the news, there are now reports the crash site, which is a crime scene, is being plowed by bulldozers. That is compromising the crime scene and there are human remains. Those are not being handled with the dignity they should. In the crash of ma 17 that human remains were being found months and months after. The crash site has not been secured and major pieces of the plane have been taken away, then you have scavengers going through. What does that do to the investigation of what happens . Michael it compromise it terribly. If it was a missile that brought it down, it is important that investigators look carefully as it fell to the ground. That is part of the signature of a crash is how the debris fell to the ground. There could be clues in the human remains residue from a missile, that type of things. I cannot stress enough that you need that Perimeter Security from day one so investigators can come look at this with their expert eyes. Initially iranian leaders said the u. S. Would be able to participate in investigations and that boeing would not be able to participate. It has since said they have invited the ntsb of the u. S. As well as boeing to take part in the investigation, also frances aviation investigation authority. Does that indicate there might be more transparency and there might be more Technical Expertise . Michael this is a good sign. They have also invited canadas transportation secretary. These willgn parties only be given a they will be on the sidelines. They will only see what the iranians show them. That to me is not good enough. The best expertise in the world in terms of crash exploration is in the United States. David there was a piece in the bloomberg today that said this may not be hard to figure out. If it were a missile, it would be pretty obvious. Maybe the iranians cannot hide that. Michael the parallels between mh17 and this crash are startling. We found two days out there are unique marks in the fuselage you do not see anywhere else that led us to believe it did come from a missile. , the Similar Technology missiles that were reportedly used in both crashes. Mike pompeo said today in a press conference that we do believe the plane was shot down by an iranian missile. There is probably evidence already. Michael everything needs to be put on the table. There are thousands and thousands of pieces of evidence, including code from the black box. I would caution people to jump to conclusions. I noticed the Ukrainian Foreign minister and president zelensky are saying it could be a missile but to not jump to conclusions. They are treading a cautious line. David it is something we have ukraine involve again and russian supplied missiles. Michael the parallels are stunning. This has russian fingerprints all over it once again. A civilian airliner is brought down by a russian missile, if it is true what we are hearing today. They need to be held accountable as well. They did sell this missile to a regime that is hard to trust when it comes to handling missile technology. David thanks so much to Global Affairs analyst and my colleague. You can listen to june five days a week and on saturday on Bloomberg Law erring on Bloomberg Radio. Coming up next, a december cooling. It is jobs day and we go through the implications of the report with our panel,