manus: it's "daybreak: europe", i'm manus cranny in dubai. burger alongside me in london hq on the stories that set your agenda. dani: the rba says more tightening will be needed after hiking to a 10-year high. but the fed's rafael bostic says a higher peak rate may be necessary. andrea g and -- energy and interest income, european earnings in focus today, stay tuned, we have got bp and bnp paribas. plus, at least 4000 have died following a devastating earthquake in southern turkey and syria. president are calls it the strongest disaster in a century. we will stay on top of that story for everyone, but we have breaking news from the japanese tech and gaming giant. manus: we do indeed, this is the total switch sales, 18 million units, that is the red headline, nintendo underperforming, they are cutting revenue and net profit views for the end of march. now nintendo, of course, hasn't enjoyed that rally. they come some of the games they produce, mario, zelda, stock is up 2% this year, then sony is banging way up 20% this year, better playstatio

dani: good morning, manus. and that chunky auction yesterday for the 10-year yield, the bond, that is, a lot of demand. let me take you through equity markets. we did see a giveback in american stocks yesterday, though they are finally starting to come back both in the futures market and the msci pacific trade. i want to mention adani, the msci right now investigating the free float for adani. long story short, it could change the weighting of adani in passive indices. we are seeing closer positioning to neutral. we have to talk about one of the more difficult stories we've been tracking every day this week. it is the humanitarian crisis that's unfolding in turkey. as officials try to contain that humanitarian crisis, they are trying to contain the financial risk. we need to also talk about what's happening in the turkish equity market. they have closed the equity market for five days, trading will resume february 15, following panic selling of about 35 billion dollars worth of turkish equities. manus: that is

manus: historical, timely, brave. president biden pledges more military support for ukraine at during a surprise meeting with president zelenskyy in kyiv. counting down a day for the fomc minutes, stocks and futures fall while the dollar gains, traders weigh the prospects that the fed will keep rates higher for longer. plus, hsbc consider a special payout after earnings beat estimates. but bhp slashes the dividend after the lowest half-year profit since 2021. >> i'm pleased that three years later there's a radical change in profit generation by geography. the middle east alone last year had an adjusted pretext profit of $3 million. manus: a little more from noel quinn leader in the show. the turnaround in hsb -- on hsbc. european stocks, u.s. equities are skittish, to say the least. the debate is how much further will europe outperform the united states of america on a motor -- on a more regular basis? this is a cross asset map for you, two-year yields continue to rise, on the back foot, breakevens the highest since n

manus: tv is still number one? alex: yes. manus: music to my ears. manus asks me to buy him a new thing every show. i am running out of money. while we talk about spending patterns, a lot of luxury companies have benefited from the china reopening story, it is only 4% of your sales, given the reopening, would you expand more into the region? alex: i think what we have had going on in china on the one hand is the covid impact, which has hit everybody. the second, we also had a brand story which wasn't necessarily the best starting point. as the covid aspect removes, we are still left with fixing our brand. so the starting point is at a lower point for us versus many others out there, but we are still very committed to making a good run in china. it will take a little time, that's just how that market works. manus: okay, alexander, feel free to send dani tips on the bracelets, the ones with a little bit of indentation, they are very nice. great to have you with us, wish you well, keep the buybacks coming, the ceo of pandora, alexander lacik our guest t

manus: the u.k. and e.u. finally sealed the deal, the northern ireland post-brexit trading relationship potentially ending a standoff that has poisoned london and brussels relation since the u.k. left the union. joining us is lizzy burden, what is different about this deal sunak has secured relative to his predecessors? >> it seems like rishi sunak has done the impossible. it will all hinge on the unionists in northern ireland. rishi sunak claims his windsor framework fundamentally rewrites the northern ireland protocol. for example, by allowing london rather than brussels to set vat rates in northern ireland. that is the thing brussels had said previously could not be done. it also reduces the red tape on goods flowing between great britain and northern ireland by establishing a green and red lane. the green lane being for goods only going to the region, red for goods that are going to go on to the european union. sunak's rabbit out of the hat moment yesterday was the so-called stormont brake, which gives th

manus: simone, thank you very much.e norge says it can still make it to $25,000. he did say that it could make it to $500,000. andy halford is going to chat to a(jennifer)d is going to chat to mthe reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking release, i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking about food. after taking release, that stopped. with release, i didn't feel that hunger that comes with dieting. which made the golo plan really ea

aneeka: morning, manus.does change the strong rhetoric the fed was echoing last week about disinflation now coming into effect. because there are certain sectors within the inflation narrative that are showing more strength than we previously anticipated. that is clearly spooking the bond markets. we have seen rate revisions from two rate hikes -- two rate cuts by be end of 2023. we're now seeing just one rate cut. it is definitely having an impact on bond markets. equities are essentially pricing in -- they still continue to hope that if the economy weakens enough, we will get the fed coming in and saving the economy. that should be lower rates and helping equities bounceback higher. manus: one of my guests just said the equity market seems to have cloth heroes at the moment in terms of the real rate. therein lies the point. it is these louche financial conditions, but at the same time, real rates will dictate where you want to be in the market. with rising real rates, or the trajectory of rates changing, h

a little pocket change, manus. manus: you can ib me your bid.ood morning everyone and welcome to bloombe

manus: good morning, it is "daybreak: europe," i am manus cranny in dubai. turning up the heat -- a meeting between the top chinese and u.s. diplomats backfires as they spar over balloons, russia, north korea and taiwan. temperatures rising -- pyongyang conducts more missile tests while inspectors in marin detect a rainy levels just below that needed -- detect uranium levels just below that needed for nuclear weapon. stocks kick off in the green, the dollar sees early gains, and u.s. cash markets closed for presidents' day. dani will be back in a couple of days. meantime, i am changing gears and steering wheels. there are a lot of facets, risk on and risk off risks and haven trade. two of them are present in the markets, the rates narrative and the rollo narrative. haven trade has yet to be pervasive. no landing, hard landing? don't be duped into this mega tech rally according to wealth enhancement, not bullish on the stickiness of the rally. i like what dan loeb says, cpi has exaggerated the economic strength of the united states of america and the economy

good dani: morning dan -- manus. would argue we had the labor cost index coming down yesterday perhaps immaculate disinflation but it is not so crazy. let me take you into this equity market speaking of which because we are of course bracing for the big one today. it is a fed decision. asia stocks continue to climb. we had a positive number coming out of the gaming considering the reopening. here's a fun fact for you manus. in the index of global stocks, as a ux is on its best start for the year. more sour when it comes to the u.s. session. manus, i put the question to you. we had a very strong start to the year. what one does that? is it the fed or earnings? we have a preview with that with snap yesterday tumbling 15% post market after forecasting its first negative corner of revenue. manus: dani, the only thing that will stop this monster reappraisal of risk is something emphatic from the fed, which defies those expectations of rate cut before the end of the year. some say it will not break structural inflation. i

manus: what about the outlook?se this ultimately will be the dictator of where we go with some of these big miners. they were the buyback darlings along with the oil companies, that looks to be a question now. >> that's right. it looks like to some extent, rio is going from being a cash cow to something more modest. the outlook very much depends on the commodity markets. at the moment, there is some divisions between bulls and bears. on the one when with a strong dollar again, we've seen both copper and gold retreats significantly off the back of that. what about china? we're very confident in the reopen being in the growth phase of the reopening in china. however, the market is a little bit concerned. why? because metal inventories have continued to build. and i think but that's to be expected because, you know, the decline in metal inventories, you typically see in the last several years is because people were not out visiting their families. they were in the factories working, which then created demand for coppe

i am here with manus cranny. manus: china's core cpi sees the biggest jump since june of this consumer demand revives amid the lunar new year holiday. prices continue to decline. south africa's president declares a state of disaster over the country's worsening energy shortages. we speak shortly to the pravin jamnadas gordhan pravin jamnadas gordhan prizes,. stocks slide as the treasury yield inversion reaches the widest something 1980's. a more hawkish fed. good morning, the 1980's were great for hairdos, makeup, boy george, and of course a really malevolent bond market. dani: good morning. i tried to do a hairdo today, maybe i need to rethink that to it with the times. manus: i had a cliff in the 80's. dani: just tease it a little bit. i love what andy brunner said, you don't need the fed to have a bad day. sentiment following prices at this point. manus: steven major was with us yesterday, he said the harder and faster the fed pushed to the peak, the more confident that bond market will be that the equilibrium

manus: on estimates. they say they've raised the 22 guidance multiple times, didn't they, last year? so just keep an eye on that. and in terms of the rest of the news flow from the free cash flow, it's going to be above 6 billion. now, when it comes to the insurance industry, we have axa delivering that numbers. this is what we've got for you in terms of the actual numbers we have raising the outlook for 2023. they are going to do a 1.2 billion by back on line profit. matt estimates the firm expects to surpass its key targets of 2023 in the strategic plan. they're going to announce a new strategic plan in february 20, 24. so repurchase a buyback. i mean, buybacks are phenomenal. facet of the u.s. equity market dynamic so far this year. axa 1.1 billion and there you go. that is the top line for them. a dividend 10% on a year earlier. okay. we're going to catch up with thomas bobble a little bit later on in the hour. in his words. it's the consequence of a pertinence of a transformation at axa, which enable

manus: 2023, you are comfortable with the forward curves.n you look at rates volatility, last year the u.k. imploded. how do you see volatility in 2023? do you think it's going to be more china, japan yield curve control explosion? is that what i should focus on? >> it was a remarkable year for volatility. there was some direction to the market. as you also know, there was disjointed moves in the market. a number of different times. it was not just sterling. i would expect this year to see moderation. as you say, we don't rule out that there are going to be more discontinuities. the transition of leadership for the bank of japan. >> do you see a depth charge for volatility? everyone is saying that. >> we will see. i don't know if that is a catalyst for volatility. with the extent of moves that have taken place, it is actually surprising markets have absorbed that and managed through that volatility and that is norman's seachange we have seen -- that enormous seachange we have seen without more discontinuous markets. we cannot rule out that t

. >> cnn manu raju is live with more on this. so first off in his original plan it did talk about sun setting for social security and medicare, just to add to context of what we heard from rick scott a week ago. now there is about face from rick scott, right, manu? >> because of unrelenting criticism he was getting from democrats and republicans alike. this plan was one senator's plan, rick scott released this last year in defiance of republican leadership in the senate. mitch mcconnell didn't want anything to do with this plan because he knew democrats would seize on it and they have done just that and it's gotten more intense over the last several weeks as the debate in the capital has raged over exactly how to raise the national debt limit to avoid a debt default. republicans say they want spending cuts. they're saying they should not come from social security and medicare. that is a post ture of the republican leadership. rick scott's plan because of the highlighting of every five years federal program according to rick scott

manus: that's a global perspective.to get a sense from you, many people said to me slow, low recession, soft landing. is that now your base case scenario? do think the risk of a severe downside in the global economy is gone? suhail: i think that's what we have been hearing from the experts, the imf, the others. this year is going to be a rather not easy year, but they are not expecting to go back to normal. they're not expecting a rebound. i think that is what we take an until something significant happens, the changes that we will have to take that as a base case. manus: what could be significant? suhail: the demand rebound, and we have not seen that. we have seen some growth in the inventories which means that there is enough volumes in the market, and the price also is a testimony of the balance. manus: the other narrative is there will be a deficit in the second half of the year. given the inventory built, are you confident note deficit second half of 2023? suhail: i cannot say for sure, but the signs that we are se

manu, they're facing some really tough decisions. democrats are defending 23 seats. republicans just 11. there are very few if any pickup opportunities for the democrats. on the republican side they're at a 51-49 minority right now but if joe manchin decides to retire that seat is probably gone. there is virtually no way democrats can hold the seat. jon tester if he steps aside in montana also very possible that seat can flip. ohio's sherrod brown said he's planning on running but it will be a difficult race. bob casey in pennsylvania, there is some expect he will run but if he doesn't that will be difficult as well. chuck schumer is moving behind the scenes to try to prevent any retirement. when there is a retirement it could create a problem for their party. there are wild cards. in arizona, what does christy sinema do? she is independent now and debating whether to run for re-election but there is a democratic candidate and also the potential of a hard right republican candidate. we talked about kari lake. she is considering runni

manu raju and phil mattingly are at the white house. give us a preview of what we can expect tonight. >> i think the president will try to connect. when you talk to his advisers, connect what they view of critical accomplishments to what they know they still need to accomplish the year or two ahead. it's critical because they recognize that there is some -- to some degree a disconnect between twhat they have accomplished. you can look at poll over poll over poll over the course of the last serve weeks where there's not a sense of resonance in those accomplishments, although from a legislative perspective especially there's a very clear record that they can point to. that would be one component. the president to say the state of the union is strong, however, there is still more to be done. progress, but a job not finished yet, and finishing the job is something you hear repeatedly from aides. the president will stress of the utmost importance when he lays out his agenda for what's next. you guys make a critical point here. the president

. >> let's go to manu raju on capitol hill right now. and what should we expect from republicans this evening? >> reporter: speaker mccarthy has told republican members there will be millions of people watching and not have any sort of distracting gaffe that undermine this moment. instead he wants to project a middle of the road image for his party. in fact mccarthy over the last several election cycles has tried to recruit candidates for moments like this, more ethicily diverse. and mccarthy has tried to convey to his members he'll act politely. he does not want to see any of his members have any sort of outbursts like we saw in 2009 when congressman joe wilson yelled out you lie against barack obama when obama delivered the address about health care to a joint session of congress here, jake. so mccarthy, too, recognizing a lot on the line as republicans and americans are watching their actions closely as well. >> all right, manu raju, on capitol hill, thanks so much. and i'm joined by moy panel right now. abbey philip, let me start wit

we'll start our coverage today with cnn's natasha bertrand and cnn's manu raju. the commander said today the delay in shooting the balloon was useful in collecting intelligence on the balloon. what kind of information are they hoping to collect? >> jake, officials have been very vague on this. what they have said over the last few days is they were able to collect intelligence about the way the balloon was transmitting information, for example, and other ways about how it maneuvered. ultimately we're told that the administration doesn't believe it was able to gather that much intelligence at all because the specifications were not all that sophisticated, no more sophisticated than the satellites the chinese have hovering in orbit as we speak. the issue with the satellites is they do not stay in one place for as long as a balloon can. a balloon can loiter for a much longer period of time as it did over montana, for example. the officials we spoke to said there are with steps taken to cover up certain areas, to make sure no unencrypted communications were happening

manu, the due process part of this revolution resolution has convinced some reluctant republicans to like? could she get back on the committee somehow? >> not under this resolution. in fact that was one of the sharp criticisms that democrats levied that concerns about due process were simply not addressed and the resolution was approved in the house and when kevin mccarthy did behind the scenes was try to persuade some of those concerns and members in the republican, and the same due process concerns. what you told mace is that they could come up with a new process going forward. it will create new house rules to allow members to appeal any efforts to try to kick them off the committee. now mace is going to be part of this effort to deal with this in the future. if another situation like this arises in the future. so it would not necessarily apply to ill hand omar here. this all started though in 2021 when democrats kicked off marjorie taylor greene, paul -- from their committee assignment and know for had a majority done that too the party. they said it was justified, but now there'

we have arlette saenz traveling with the president and manu raju is on capitol hill. want to start with you, the white house, they're feeling good about the speech today. do they see it as the preparation for what could be the launch of president biden's 2024 campaign? >> reporter: well, abby, president biden definitely showed off a fighting spirit last night as he showed a willingness to go toe to toe with republicans and that is something that will certainly play out on a 2024 presidential campaign trail. the white house viewed the speech last night as starting as a split screen that they believes serves in their advantage. with the president touting the progress that's been made in this country. while republicans sat and jeered and heckled him. and that is going to be part of the delicate balance the president has to strike in the coming months. he wants to call out republicans for area where is he believes they differ, on things like economy, taxes and much to the republican chagrin, social security and medicare. butted president is also seeking to highlight some

thank you, manu. it is fitting, david, that it is grounds hos hog day, because hee are year after year talking about this and is that premature for kevin mccarthy to come out as optimistic as he was to quote find common ground with president biden? >> i don't think so. because two different things. kevin mccarthy made it clear yesterday as manu detailed, there is a long road to go hereb and nobody expected yesterday to have the president or the speaker emerge from that meeting with a roadmap to exactly how this is going to be resolved. it is the very beginning of to process, but i think that for both of their benefits and sort of the message that they want to put out there on this, both the president today at the prayer breakfast and speaker mccarthy yesterday, they wanted to turn down the temperature a bit. they were doing so much shadowboxing before they sat down, and to emerge and express some optimism for professional and respectful relationship while still acknowledging the hard work of finding a

let's go to cnn's manu raju on little.ire situation will likely set up contentious debates in the weeks to come. >> reporter: yeah, no question about it, i just spoke with the chairwoman of the house commerce committees. that's one of the three committees in the house investigating this issue. she told me that the environmental protection agency has agreed to let a witness testify before the subcommittee on her panel on march 28th, about this issue. about the ohio train derailment. she said it's still not certain whether the administrator michael regan will be the one testifying or someone else. two other committees pushing maid, transportation in-s infrastructure committee and house oversight committee, james comer told me he, too, is pressing for answers from pete buttigieg asking for answers to questions. whether he gets those responses remains to be seen. and buttigieg is called to question in public, this comes agency the senate offering a different approach. chuck schumer is calling on the ceo of norfolk southern ala

cnn's manu raju reports. >> like i was. >> reporter: house republicans in one of their first moves in power ousting democrat ilhan omar from a seat on the foreign affairs committee over past remarks condemned as anti-semitic. >> she has brought dishonor to the house of representatives. >> reporter: 218-211 vote a response to 2021 when democrats booted republicans paul gosar and marjorie taylor greene from all of their committees over their rhetoric. but speaker kevin mccarthy claims this is different since omar can serve on other committees, just not foreign affairs. >> no, that's the clear part how it's not tit for tat. we're not removing her from other committees, we just do not believe when it comes to foreign affairs especially the responsibility of that position around the world with the comments that you make. >> reporter: then speaker nancy pelosi set the precedent in 2021 but told cnn at the time she was not concerned the gop might retaliate. >> we would not walk away from our responsibilities for fear of something they may do in the future. >> reporter: now democrats say the

let's bring in cnn's chief congressional correspondent, manu raju. a date, as it relates to the debt ceiling fight. >> that's right and the possibility of a debt default. the first ever in u.s. history if the debt ceiling is not raised. this is a new estimate by the congressional budget office saying if the dreeling is not raised by the summer, there could be a default in july as late as september. that's the estimate right now. july through september. that's the new time frame they are now looking at. that could potentially slip depending on when, how the u.s. fiscal outlook looks after-tax season as well as any other major expenses come from the federal government that changes its projections, but that is the key moment here. right now, there is no agreement between how house republicans and the white house will move on this going forward. joe biden and senate democrats have made clear they want the debt ceiling raised without any conditions whatsoever. they have told the speaker that just to simply be done on a kl clean basis. no conditions. that

manu raju has the new reporting. he's joining from us capitol hill. manu, what did mccarthy say?nts agatha yes, george santos is facing a house investigation. we have not known publicly, since all the questions and controversies have come out about santos and his past. mccarthy -- there's been some expectation that would happen. but mccarthy's saying, quote, yes, there is a house ethics investigation facing santos. i asked him about the number of constituents coming up to capitol hill today, calling on santos to resign. along with other republicans calling on him to resign. mccarthy has not gone that far. he said there's an ethics committee process. he told me ethics is moving through and if they find something they'll take action. right now, not allowed on the committees from the standpoint that have arisen. voluntarily stepped down after mccarthy agreed to see him after some questions were raised. that's when they'll decide to move forward here. indicating that the house is prepared to take action. depending on what the house ethics committee ultimately finds. saying for the fi

manu raju is out front. >> reporter: john fetterman in the public spotlight.s struggle with in private. clinical depression. not uncommon for stroke victims like fetterman, who nearly died last may after suffering a major stroke at the height of his high-profile senate race in pennsylvania. >> about one in three patients who have a stroke will have depression at some point over the course of the year. >> reporter: fetterman remains at walter reed hospital after checking himself in on wednesday night. his symptoms had grown severe. a source tells cnn he had lost a significant amount of weight. not eating properly or drinking enough fluids, contributing to light-headedness that forced him to be admitted to george washington hospital last week. after being discharged fetterman met with capitol physician brian monahan who later suggested treatment for clinical depression. this source says fetterman's stay could last weeks or more than a month as doctors search for the right mix of medication. >> we know that senator fetterman pushed himself so hard in those weeks

let's get to our chief congressional correspondent manu raju. the vote that will take place in moments is a key test of the new speaker kevin mccarthy. he has a very narrow majority, and many of his members are a little squishy about this. >> yeah, no question about it. he can only lose four republican votes in order to allow this to succeed, to kick her off of the house foreign affairs committee. and he has been moving behind the scenes over the last several days to shore up concerns, concerns about his tit for tat that has occurred after democrats moved two republicans off of their committee assignments last congress. mccarthy vowing some retribution of sorts for ilhan omar ever since that happened. behind the scenes, mccarthy has locked up the votes. he has indicated that he has made sure that his members are in line. just moments ago congressman nancy mace is one who said she would oppose this because of her concern about the precedent this would set by kicking off another member of the committee, expanding the precedent from the last congre

phil mattingly and manu raju and laura lopez. what the booing did is magnify this line on page 36 of a document that lives online that most members of congress, republicans have swatted away, but the president has talked about this before, many times in speeches, and now people who are following up on what they did not watch last night will wonder what will they boo about and now the president goats spring it back? >> i'm trying to think of the best way to capture how white house officials feel about this moment, both last night and again you're seeing the president talk about it again today, getting elevated on to the national stage to tens of millions of people in a primetime audience. the president was talking about in in the lead-up to the mid-terms with democrats saying i don't understand why you're going after one single republicans' plan that isn't necessarily representative of the entire republican caucus and day after day after day the bopt talk about senator rick scott's plan that wasn't endorsed by the vast majority of

guys. >> manu raju, evan perez, thank you. >>> president biden is in florida today continuing his post state of the union tour. today he's visiting the university of tampa to drive home his pledge to protect social security and medicare. all while trying to draw a sharp contrast with his potential 2024 challengers. two of whom, we should note, are floridians. >> he focused on republican senator rick scott citing his plan to sunset all federal legislation every five years, senator scott tweeted this just minutes ago, about an hour ago. since you can't stop talking about me and lying to flor riddians about social security and medicare i'm sure you'll accept my invitation to debate the issue. cnn white house correspondent arlette saenz is with us now. so the president, did he say anything about that. >> reporter: he spent a big portion of his speech discussing senator rick scott and social security and medicare and the president really showed no signs of backing down from this fight with republicans as he is trying to paint himself and democrats as the defenders of those programs. now, th

that brings us to manu raju on the hill. obviously, manu, we have i don't know how many hours at stakeouts on this topic over the many years. i think for a lot of people -- it wasn't that long ago that president trump was in the white house and republicans were much more okay with spending more money. they, of course, ran the government, so they actually had to take responsibility for raising the debt ceiling. trump signed three debt limit increases, and the debt increased by nearly $8 trillion. how uncomfortable is this switch back to suddenly being much more interested in fiscal solvency, shall we say? >> reporter: we didn't hear much pushback from republicans during the trump era when it was suspended three separate times. we've seen it a number of times, when a new majority comes in, they try to use this issue as leverage. the republicans are criticizing the spending so far in the biden administration and turning a blind eye to what happened during the trump administration. nevertheless, they see this as a critical point

tom: the hsbc ceo noel quinn speaking to bloomberg's manus cranny following those results.ome redheads building on the picture in terms of the health of the euro zone economy. france february manufacturing with a big divergence between manufacturing and services, any fracturing pmi at 47.9, well below the forecast of 51, clearly in contractionary territory. manufacturing services pmi for the same month of february, 52.8, well above the forecast of 49.8 and comfortably in expansionary territory. 52.8 for services pmi for france, 47 point nine for manufacturing, euro-dollar currently off by .1%, there was a little pop but it is paring on the back of that data. we have more pmi data throughout the morning. but again, that divergence between manufacturing and services is pronounced. sonja marten is still with us. your call on euro-dollar over the next 12 months, 1.15, how do we get there? sonja: it is partially a euro and dollar story. the next few months, it is more of a euro story. to the extent we have the fear of this very difficult winter, potentially energy supply issues

they lead them with noodles, and they looked like manu and try to stand all the scams, there they rob mind, as usual, the big internet, and there are still no shukans who have shown the elan to take out thermolysis in their operation from the hands of the general. we need to find a moment here to meet with relatives and friends of our young employees, to talk with mentors, to hear their problems, so that we can bring and once again remind all the tasks that law enforcement officers face us. whom their mentors serve and keramorstva hundred personal militia. inspection by the capital, check in the economy the rules of the road peas with taxi drivers and sometimes in a raid, inspectors carry out control at the tum-licus . to reduce the accident rate on the roads, to identify the most frequent violation of the driver in a taxi, and to self-evaluate on kohl you are successfully transported passengers , they are inspected in the central and soviet regions, and the residents of the joint raid are improved to preventive actions, yes, and inshi that control the organization of their face. tran

aggi: we will have to tell manus that that was the take away. it was the earnings. when it comes to apple, it is something that we should have seen coming. we've seen that they've said now that they are not immune to the economic headwinds that we are seeing across the market. to look at apple specifically, we are seeing a company that has had to already point out that they've been having real issues especially when it comes to supply chains and their reliance on china within that supply chain. essentially, without being able to bring products to market in the u.s. and in europe for their consumers ahead of the holiday season, they saw a significant drop in revenues for a quarter that is incredibly crucial to the company as people buy their products over the christmas holiday time. dani: talk to me about the two other starting tech names. alphabet and amazon also crushed after hours. what happened with those earnings? aggi: the big takeaway with both of these companies is that they've both been pushing for efficiency. both of these companies have said that they've g

manu raju, cnn, capitol hill. >>> a conservative leaning appeals court striking down a federal law that prohibits people with domestic violence restraining orders from having guns. the fifth circuit court of appeals ruling the law targeted those believed to pose a domestic violence threat is unconstitutional saying through that lens we conclude the ban of possession of firearms is an outlier that our ancestors would never have accepted. >>> russia is stepping up its attacks in eastern ukraine. missile strikes targeting civilians. and scott mclean, how significant is the new aid package? >> it is worth $2.2 billion. a heck of a lot in there, but not precisely what the ukrainians have been asking for which is fighter jets and long range missiles. part of the concern is that he is weapons could be used to strike targets inside of russia itself escalating the conflict. yesterday ukrainian defense minister tried to damp down the con tamp down the concerns saying the russian army would not be able to maintain defenses and would be forced to lose. ukraine is ready to provide any guarantees tha

francine: that was a deutsche bank chief financial officer speaking with manus cranny.: the adani crisis is deepening with citigroup holding margin loans on the indy -- indian companies securities. that was after adani pulled the $2.4 billion share offer. >> whatever the stock market is not going to affect the overall economy. they have a robust look regulatory -- robust regulatory system in the country. tom: india's tech and railway minister there on the adani market moves. let's bring in bloomberg's global business managing editor and asia, emma o'brien. emma, what else do investors need to know at this stage? it feels like a thread has been pulled and the whole thing is starting to unravel. emma: yeah, it's hard to believe that this only started about a week ago, but since then, this hindenburg research report has really ignited a snowball effect when it comes to the adani empire. it appears as though they are bringing their reputation of india's markets and why the system along with it given how tight adani is, to the government there particularly prime minister mod

meanwhile, poor manu raju has another full-time job that he never asks for.to try to get george santos to answer for some of these things. so there was a ponzi scheme that he's accused of being a part of in 2020. so today manu raju tried to get him to talk about that. >> why did you root for someone who was later accused of being in a ponzi scheme? were you aware of that? >> no, no, i did not. >> every day. >> the hardest part is you know some senior producer called right after that and said wait a second. you didn't ask about the amish puppy dealers. i was still talking about the last one. >> every hour. >> what we're not talking about are the people of new york's third congressional district bereft of representation. they are working in conjunction in ny 4 to try to deal with the issues happening for them. >> first, they were misled by who he was and his background. and also, he's not working on legislation. he's running down the hall looking to shake hands at the state of the union. >> you have ricky torres, god bless him. i don't know what he'll do when g

kate. >> thank you, manu.s is scott gottheimer who is chairman of the problem solvers caucus, and you have had what is called the complicated relationship with the congresswoman over her comments on israel, and you have been outspoken about her comments, and what do you make of her vote taking her off of foreign affairs? >> and first of all, i don't think it is appropriate to kick any member off of a committee for a different view. obviously, congresswoman omar and i have had different views and i have spoken out when we have had different view, and it is not appropriate to throw somebody off of the committee because of that, and that said, yesterday, congresswoman omar sponsored a resolution standing strongly by israel as a key ally of the united states of america as a democratic ally recognizing the legitimacy even if she has legitimate differences of the policies recognizing the importance of that relationship, and that is an important step. it is all a evolution, but the bottom line is this, that we are go

manu raju is on capitol hill. what are you learning?ngton. they don't want him to resign right now because, if he were to do that, it would set up a special election in a district that joe biden carried by 8 points, something that could flip to the democrats. but they don't want him to run for re-election in 2024, if he does, he could sink some other new york republicans. they want him to decide not to run for a second term. we are learning behind the scenes that santos is considering running for re-election. he's told that to republicans previously signaling he wasn't going to do so. he's now changed his mind. he believes he can clear himself of all wrongdoing and be able to push back any looming indictment that could come down. there's a different view in new york. new york republicans, including some here, say george santos should not be the nominee. they're prepared to defeat him in a primary if he decides to run. >> george santos will not be on any ticket in 2024. >> what makes you so confident? >> i'm very confident that, first, t

that's it, that's it, come on, sit down that's it, stop manu well everything, i beg you, come on.old hold. you stand back about the trunk closed, please. for 24 days sky, mom, what is the pioneer language pioneer learning english? wonderful and this is also not necessary. and this wine is from my first import from africa but left as a keepsake for events. so let's open the bottle of events. housewarming. so ma you forgot how your body reacts to a degree. yes, i know i was joking. well, here i am driving. so go ahead. all questions as they come in tomorrow. okay. thank you, son. i just love you. i just love love very very much. or maybe a person just loves like that, for nothing, but he just can love listen to me carefully in the refrigerator, a bag of groceries , you'll sort out the money on the windowsill in the kitchen. understood. that's who the question is mocking stove raskochegarit? no, the answer is the end of the play, a full paragraph. neighbors hallelujah one of the oldest cities of the blue-eyed for many centuries great historical events took place on this land, in addi

there is still maybe some republicans who vote against the resolution, because our colleague raja manut reported that nancy mace may vote against this. >> and so, the question is, is this the new norm? what do you think? >> well, kate, it is certainly feeling like that, kate, and you covered capitol hill, and that is not the situation. yes, disagreements, but throwing someone off of the committee was not the norm. but what is interesting or as interestingly is that speaker mccarthy got the votes to do that, and it was an open question a couple of days ago, and so if he was not able to do that, we will talk about how he is a weak speaker, so he is able to carry through with the symbolic move. does it change the workings of congress? not necessarily, but it is one more example of how things have eroded on capitol hill, and it is seeming to be the new norm. >> yeah, yeah, absolutely. so also, as evan perez is reporting out the new aggressive strategy from hunter biden's legal team, it might be a good legal strategy, but is it a good political strategy when it is coming to his father, and

manu raju has our report. >> reporter: house republicans in one of their first moves in power, oustingocrat ilhan omar from a seat on the foreign affairs committee over past rauks condemned as anti-semitic. 218-211 vote, a response to 2021 when democrats booted republican paul go star go start and marjo taylor greene over their rhetoric. but kevin mccarthy says this is different since omar can serve on other committees, just not foreign affairs. >> is this the message you want to send to voters? >> no, that is clear it is not tit for tat. we're not removing her from other committees, but we don't believe when it comes to foreign affairs especially the responsibility of that position around the world with the comments that you make. >> reporter: and then speaker nancy pelosi set the precedent, but told cnn that she was not concerned ththth gop might retaliation. >> we would not walk away from our responsibilities for fear of something they may do in the future. >> reporter: now testimonies say the vote was an act of pure political vengeance. >> what will take place on the floor today is

cnn manu raju is live on capitol hill. walk us through what we're going to see unfold in the next few hours. >> reporter: around 8:30 eastern time the house will gavel into session. kevin mccarthy will call the house into order before the senators come in there and the formal procession of the president's guests and then the president himself making an address to the nation in the 9:00 p.m. eastern hour, an address expected to run an hour or so where he'll layout accomplishments, things to sell to the american public at a time voter votes will show they do not believe the president has done enough and layout things he believes cob done in the next two years in this divided congress and take aim at republicans to call on a passage for measures that have no chance of passing in this republican controlled house, but there are questions about how far he will go and how much he will go in demanding congress move to say avert a debt default, one of the big issues outstanding this congress. one in which the house republicans and

manus: welcome to "bloomberg

but he initially responded yes to our colleague manu raju when asked if santos is under investigationmmittee. but mccarthy later clarified, changed his answer and said that he meant that santos is the subject of committee complaints. but constituents on capitol hill in protest, they said that regarding about santos in this way indicates the pressure on republican leadership is building. >> i know you caught up with a bipartisan group of congressman santos's constituents who came here to washington today. what did they tell you? >> reporter: so they have really a range of concerns. one woman who told me she worked with afghan refugees and has a lot of sensitive information about their whereabouts, she said she wouldn't feel comfortable working with congressman santos's office. another republican telling me he's proud that republicans does so well in the midterms out oblong island and they've made gains if recent years and santos remaining in office compromises that. he said that republicans up here are being short sighted. take a listen. >> it was important to me to voice my opinion to

. >> cnn's manu raju is following this on capitol hill for us.porter: yeah, he is defending his decision to give early access to this video to tucker carlson. he said it is not unusual in his view of giving an exclusive, any network getting an exclusive, comparing it to past reports at cnn and other networks and saying that it is essentially nothing different. there is something different here in that carlson has been someone who downplayed the january 6th atack, giving him early access prompted a lot of concerns on capitol hill, given how severe the attack was on that day on january 6th, 2001. and when i asked kevin mccarthy directly about the concerns about giving it to tucker carlson first, he pushed back and contended he just wants to provide some transparency. >> are you not at all concerned about the fact that carlson is downplaying this attack? you thought it was a serious attack. >> very serious attack. that's why i -- i think sunshine matters. i don't care what side of the issue you are on. that's why i think putting it out to the americ

cnn's manu raju is at the capitol.wn today. >> this went down along straight party lines. kevin mccarthy getting his members in line, some of them concerned about taking this action but nevertheless getting the votes 218-211. straight party lines. one republican david joyce of ohio voted present. but this came after a very acrimonious back and forth. after last congress of democrats removing two republicans from all of their committees because of their past inflammatory rhetoric, mccarthy vowed to kick off ilhan omar for the best year and a half or so from the house foreign affairs committee. but i asked him today whether or not this was just tit for tat, republicans now going after democrats, political retribution of sorts. and he claimed this situation is different. we're not removing her from other committees. we just do not believe when it comes to foreign affairs, especially the responsibility of that position around the world with the comments that you make. she shouldn't serve there. >> reporter: so this is not

as cnn's manu raju reports, she says this is actually just about revenge. >> like i was. >> reporter:ublicans in one of their first moves in power ousting democrat ilhan omar from a seat on the foreign affairs committee. over past remarks condemned as an anti-semitic. >> she's brought dishonor to the house of representatives. >> reporter: 218-211 vote, a response to 2021, when democrats booted republicans paul gosar and marjorie taylor greene from all of their committees over their rhetoric. but speaker kevin mccarthy claims this is different, since omar can serve on other committees, just not foreign affairs. >> this is the message you want to send to voters? >> no, and that's the clear part, how it's not tit for tat. we just do not believe when it comes to foreign affairs, especially the responsibility of that position around the world with the comments that you make. >> reporter: then speaker nancy pelosi set the precedent in 2021, but told cnn at the time she was not concerned the gop might retaliate. >> we would not walk away from our responsibilities for fear of something they m

. >> cnn's chief congressional correspondent manu raju on capitol hill.do we know what any of those ideas and b, the divide is significant. >> it's a significant standoff and one we haven't seen since 2011 when there was a downgrading of the credit of the united states. dete fault has never happened in u.s. history. it's uncertain how this fight will end up. they have until probably june, maybe earlier, maybe a little later, to raise the national debt ceiling. right now republicans have not laid out specific in what they want in terms of spending cuts. they're united over the process. moderates and conservatives all telling me this morning it's incumbent upon the white house to negotiate with kevin mccarthy. even some moderates say they will not support raising the debt ceiling without conditions if the white house doesn't come to the table. >> if the white house refuses to negotiate, then the president of the united states will be telling the american people that he doesn't know how to lead this country and he doesn't know how to get our fiscal house in