that not mean from a shareholders' perspective that irrespective of whether the tie-up is with commerce bank or with some other trans-national, european champion bank that there will be a merger of some sort in the near future because of the pressure that's coming from the finance ministry? >> well, the finance ministry, not necessary, can trigger a merger for deutsche bank because they don't have a stake in it. what they could do, because they own a substantial stake in the bank still dating back from the years of the financial crisis, they could pull up that stake for sale, and they could trigger a merger or some sort of sale am commerzbank. the ceo of deutsche bank is also known as being close to berlin he wants to have the support from berlin because in the past deutsche bank had a very sort of strained relationship with berlin with the political side of things, and that is changing with christian, and clearly, he probably also thinks that in the years ahead, he needs to have the support from berlin. needs to have some more lobbying also for a strong financial strl, but whether such a me

i've been saying that for years stocks trading at a new all time lows they try to merge with with commerce bank which they said is not big enough that the doors your bank problems as a derivatives book that's insolvent that's bigger than the entire euro economy they have when they have to merge with the year european central bank which of course they will do by another huge bailout and of course the price all the neural terms already near an all time i won't become a new all time i crank right back to it think of it in the context of global central bank policy that we rolled out of two thousand and eighteen with which was tighter and quantitative tightening and it ended q.e. give me a break the only way they can rescue played things like deutsche bank or whatever entity it becomes is through more cash whether it's euro's or dollars or whatever so that whole policy is changing two thousand one thousand is going to be a very exciting year as we've discussed it's going to look a lot like two thousand and ten and doing your bank is just another symptom well that's the thing about the gold market is

shares in n deutsche bank and commerce bank back in the red over speculation of a merger of the two. bankcb favored deutsche merging with another bank. deutsche bank has become a merger target after its share price plunged in the past year. builders will not offer concessions to the european commission in an effort to seek approval for their merger. brussels made insurmountable demands from the groups. microsoft is investing $500 million in affordable houousingn seatattle. it will go towards building homes for low and middle income workers. 's expansiond amazon has driven up the price of accommodations sharply in recent years. >> retailers are braced for disruption from the yellow vests protests.. and the citys mayor h has calleled for support fr t the centrtral government after protesests have left bubusinesses strtruggling.g. a devastating blow during the key christmas and january sales period. clutching for sale signs as if their businesses were on the bankruptcy. in toulouse, they are reeling from the yellow vests movement. >> my sales dropped 80%. i don't think i can make it to t

better off with a cross-border rival in order to promote integration then to merge with german bank commerce bankhe bank is spiking on the news. all right, guy? guy: let's talk about some of the other m&a. mining entering in an agreement to buy gold and an agreement worth $10 billion. he is with the man at the center of the deal. >> thank you so much. i am here with gary goldberg the ceo of newmont. you just announced a $10 billion acquisition, very transformational, one of the biggest in the sector. the stock of newmont has not performed well since the announcement, it is down 10%. of explainingtion the rationale to investors or do they have reason to be worried? >> you are spot on. we need to get around and talk to investors and talk to potential investors and describe what is a big change not only for newmont but the industry in terms of pairing up with goodorp, they have complementary assets that fit into our portfolio well. we have four operating regions that we will go through and assess and decide which operations we are going to continue to work with, value versus risk. look at our own as

major european indices were fairly muted shares of german lenders deutsche bank and commerce bank down four and 7% r respectively.. on rumors s of a possible merger. here is on the economy was practically stagnant at the end of last year expanding just point 2% in both the third and fourth quarters. its weakest pace in four years. overall the block grew one point 8% and twenty eighteen compared to two point 4% in. twenty seventeen the slowdown was in line with expectations and is expected to continue. its political uncertainty weighs on already uncertain global outlook. among the weak weakest links with italy europe's third largest economy contracted point 2% in the last three months of the year. following a point 1 1drop the previous period two consecutive quarters of negatitive growth are officially defined as a recessionn. italy's thihird in a decade tracker reports. with two consecutive quarters of negative growth giving rise to recession italians a down beat. granted that it'ss g going o be difficult for everyone everything is going backwards. what can we expect aspect that? some

the expectation was that we would see a motion between deutsche bank and commerce bank going through. be interested in merging with them right now >> there wasny? obviously talk and speculation that a merger may happen. it was a difficult year for deutsche bank and commerzbank last year. this one, for what i'm picking up today, the european regulators are expressing a desire that if there was a merger it should be with a european bank as opposed to a domestic bank, driven obviously by the european desire to create a more diverse and ideally stable lenders, less than a german desire to create a stronger national champion, given that the gross engine of the german economy are small to medium-sized companies that rely so heavily on bank lending for their growth. it's interesting that deutsche bank and commerzbank were both up, it's almost as if both sets of investors are extremely relieved that they are not going to be put together. but if that's the case, then who would want to be involved with either? that's a difficult question to answer right now. are banks in the next week dealing w

it seems like we are getting a story every other day about the deutsche bank commerce bank merger. is something that has been discussed for well over a year now. i don't think it necessarily does anything fundamentally for the two companies -- cost savings would be the biggest rationale. both companies do have very inefficient cost basis and they both have large restructuring programs they are trying to work through. realizing cost savings can be difficult. there are strictly laws and you do have the union, that will take over time for that to work out. and it doesn't solve the core revenue issue in our view area to the extent that it can help stabilize the stock price, that could be seen as a positive. shery: we have jpmorgan at wells fargo coming up tuesday. goldman sachs, bank of america wednesday. what should we be watching out for? reports,when jpmorgan we look to see their fixed results and how much of the miss was citibank specific. are the and citi industry leaders. jpmorgan is more balanced, would probably get a bigger equity lead. is definitely raised after the strong res

seems like commerce bank and deutsche bank makes sense, serious people doing serious talks. >> seemsmething's going to happen here, watching the drip drip drip of bad news out of deutsche bank. never seen the end of it. there was always the assumption that the german government was not going to let deutsche bank kind of fade away. they had a literal vested interest in commerzbank, they bailed them out just a few years back. it feels like something is moving here, right? >> it absolutely does, i agree. we are also going into fourth-quarter earnings season for the banks on the u.s. side with more numbers coming out of deutsche bank and if they are not good it puts additional pressure on them to do something to make things better. alix: do savings need to fail a lot to make this happen? seems like they are doing ok, seems like enough to keep them >> in our investing world, cerberus has been the word on both of these for a couple of years and there is probably dealmaking going on behind the scenes as well with big investors, so we will see what happens. it's interesting to see that the g

specifically asked altmeyer about reports that the government is pushing them to tie up with domestic commerce bank >> that is an interesting question that i would certainly not answer publicly because it's something that has to be considered, first of all, by the banks and the companies concerned. we are market economy, and we respect decisions taken by banks or companies whatsoever. we have a good and strong position it is why i will table it. i am fully convinced, utterly convinced that germany has an interest in seeing a good and stable and well performing bank. deutsche bank can play that role, and it has suffers some setbacks in the past, but it is basically sound, and it can recover. the question is what are the details of such of the strategy, and it has to be discussed with the ceo and the board and all the people concerned, but i trust in deutsche bank, and i will lend my political support to deutsche bank >> so it's not true that the rumor that the government is only interested in a cross-border merger came from the government >> make no mistake about it. never ask. never ask a german mi

commerce bank recommends shorting 10-year bunds.ne view from them, last quarter the biggest jump since may 2016. let's look at the bond market treasuries, we honed in on what they had to say. treasury yields have topped out. 325, your unlikely to see the yields again. u.s. notes can work in europe portfolio. you know what that says, we are perma-angst.f always poised, never anxious, juliette saly. juliette: i am still stuck in when you said mintz by to be honest. we had a pretty good session coming through from medicaid. also australian stocks moving higher. we have that stronger dollar coming through so that is affecting the emerging-market currencies and weighing in on a.m. markets, china weaker by .2 of 1%, investors are trying to see whether or not we'll get anything productive coming otherh from these talks than the primerica -- the premier was positive. the malaysian ringgit pretty much the only currency going higher against the dollar today in asia, you have incurred holding around $60 a barrel. 1%,indian rupee up by .5 of we

deutsche bank might have to merge with commerce bank. a weaker dollar,. full stop.get all this data coming out. the employment cost index up by 7/10 of 1%. that came in late versus estimates. continuing jobless claims continue to crush it. coming in higher than estimated at 253,000. that is going to have a lot of noise from the government shutdown as well. it is going to be difficult to parse through. that employment cost index is also paying attention because it takes into account salaries and benefits. david: all over the united thees, back over to the eu, eu has now warned eight banks of possible antitrust violations on euro bond sales. we know something about that in the united states, and it is not very pretty. the index down 2% on the stoxx 600 banks. alix: that doesn't sound very good. david: it could have really wide-ranging repercussions. alix: it goes to the whole point of the litigation issues for the u.s. are kind of done, but the european banks not at all. whether it has to do with iranian sanctions, deutsche bank, eurobond collusion. david: we had the

commerce banks says there is a clear drop -- clear downward trajectory. they say tariffs are one aspect of this but it's really the global demand picture that was the major fall behind these reduced numbers. we have that front row -- frontloading affect starting to come on. when the tensions are switched to what kind of policy response we maybe getting in addition to what we've been seeing already from the pboc and on the fiscal front as well, we may get some steer fund guidance today, because we have a meeting of the state council, the finance all givingd the pboc press conferences some point later today. we are going to be turning into that to see if we're going to steer ondditional policy responses. looks like it's going to continue to deteriorate, not just those export/import numbers, we've had had weaker, not to mention consumer sentiment looking pretty weak as well. >> as you said, not just a trade war, weakness and declines. beijing's are in getting position going back into the next trade talks? >> maybe this is the silver lining. it is going to pu

this is on reports of a possible government brokered merger with commerce bank. on the table for six months or so but a report today suggesting that unless the results turn around very quickly that will be forced through and with the very depressed share prices for db and commerzbank it will solidify and of course they report tomorrow so again a really crucial set of numbers. ceo for about a year and got a couple quarters to prove he can turn it around before this might be taken out of his hands. >> is life easier or harder for european banks these days? looks like the ecb won't exit quickly. >> negative 0.4% as rick points out, exactly rates aren't going up. the economy -- italy in a recession this morning technical recession with did gdp numbers. not looking up. >> my mover today is mondelez. shares trading higher. up about 5% after earnings came in in line after the bell last night. i talked to the mondelez ceo today saying the company is not seeing an economic from the economic slowdown in china listen. >> online, e-commerce is big in china. growing over 70%

thursday's the president's commerce secretary faced criticism for questioning why furloughed workers need food banks(sot: wilbur ross/commerce secretary/courtesy: cnbc) "i know they are and i really don't understand why." 800-thousand federal workers are set to miss a second paycheck friday... on day 35 of the partial government shutdown. nikole killion, cbs news, ot tsessioof congress t use ante pass a resolution setting the date and time.) tonight the city of san jose has approved a pair of proposals to help government workers who latest developments starting at 4:30. new at 11: levis plaza in san francisco is reportedly up for sale. the office and retail complex houses the headquaters of jeans pioneer levi strauss. according to the business times -- the 800-thousand square-foot property could be worth over 700- million dollars. levis takes up nearly half the space. the sale won't have any impact on its exisitng lease--which runs through 20-22. in the east bay tonight: the murder of a 20-year-old woman is prompting protests over a new law for juvenile offenders. in 20-17.. 20- year-old allie sweit

banks. and respondingo trump commerce secretary wilbur ross, who suggested they should just take out los. >> i wasn't behind on my bills until the shutdown. why should i have to take out a loan for something that wanot even my fault? let me get back to work. >> rorter: now the air traff controllers union is warning that additional stress is creating a safety ri with many controllers waiting tables or driving for uber after their n mal 10-hour, six day week job. already some controllers have resigned, citing failure to provide wages, failure t provide compensation for travel, undue stress to me and my family. >> they're not trained to deal with the stress of not being able to pay your bills or put e food on table for your family. reporter: furloughed faa academy instructor alita young came to the oklahoma city food bank now she's volunteering. >> i got to the point that i wan only eonce a day, to stretch out what i had. >> reporter: tonht the nation's airlines are weighing in. >> the reality is, that's no wau to bing the country. the longer it goes on, certainly you start to worry about peopl

hello, welcome. eporeporter: today, those images of federal workers lining up at food banks seemed to mystify commerce secretary and multi- millionaire wilbur ross. >> well, i know they are, and i don't really quite understand why. >> reporter: he said they should just take out loans. >> we're trying to make ends meet however we can. rt reporter: their reaction? e> you need to leave your office and go talk to regular people before making stupid statements tuke that. >> reporter: here on capitol hill, no one can explain why democratic leaders and the president haven't even met for two weeks. how do you work this out if you don't sit down and talk it through? >> well, we have met. me've met every time-- the last time we met, it was a photo op for the president to leave the room. >> reporter: this afternoon, a bipartisan senate group pitched a new short-term bill. t- i just got off the phone with ofe president. >> reporter: it would fund the government for three weeks. >> we can get to a solution on torder security, but we need to open the government right away. >> reporter: mr. trump was i woun't be hap

accusations of tone deafness today as commerce secretary wilbur ross - wonders out loud why furloughed federal workers are relying on food banks to make ends meet.wilbur ross/commerce secretary:"i know they are and i don't really understand why. because, as i mentioned before, the obligations that they would undertake - say of borrowing from a bank or a credit union - are, in effect, federally guaranteed. so the 30 days of pay that some people will be out, there's no real reason why they shouldn't be able to get a loan against it."ross - who is estimated to be worth seven-hundred million dollars - seemingly out of touch with workers who will soon have missed 2 paychecks. but after several hours of scrutiny on social media and cable t-v... ross tried to clean it up.wilbur ross/commerce secretary:"all i was trying to do is make sure that they're aware that there are possible other things that could help somewhat mitigate their problems,"his comments coming after this from the president's daughter in law and campaign adviser lara trump, talking about impacted federal workers.lara trump/trump 2020 senior adviser:"it's not fair to

commerce secretary ross questioned why federal workers would be showing up to a food bank.ve you an idea, there are 755 families that showed up this last monday here at the regional food bank of oklahoma that are federal workers. and i want to introduce you to one of them, craig. alee alida young is an instructor at the faa academy, teaching potential future air traffic control specialists electronics. i asked her that very question, and what ultimately led her here. to note, she is also a volunteer, she was the volunteer of the quarter last year. she volunteers tuesday nights, wednesdays, saturdays, and now she's one of the individuals using the services. this is what she told us. >> i haven't had a paycheck since four weeks. it's been four weeks. and i'm waiting for my unemployment to kick in. my home paradigm has changed. i was on top of the world, working hard, being able to help my daughter when she needed it. and now i need help. now i need services. and that's the hardest thing to have to stand in a soup line. it's tough. it's difficult. >> reporter: i asked alida wh

many have been angered by the —— angered by comments by the commerce secretary that they should simply have bankthat some people will be out, there is no real reason why they shouldn't be able to get a loan against it. those remarks were seized on by the democrats. those comments are appalling. and reveal the administration's callous indifference to the federal workers it is treating as pawns. democrats and republicans are talking a game which they have described as a step forward but they know they also need president trump to agree any deal. meanwhile, the shutdown goes on and with each day it continues to break records as the longest in the us government history. scientists meeting in norway are warning that climate change is redrawing the map of the arctic. in what researchers claim is the first sign of a major modern climatic shift, they say the barents sea — which has been part of the arctic ocean for 12,000 years — is being swallowed by the atlantic. from the norwegian arctic, our environment analyst roger harrabin reports. sea ice, formed in the high arctic. it helps create a cold, fresh

. >> reporter: today those images of federal workers lining up at food banks seem to mystify commerce secretary and multimillionaire wilbur ross. >> well, i know they are, and i don't really quite understand why. >> reporter: he said they should just take out loans. >> we're trying to make ends meet however we can. >> reporter: their reaction? >> you need to leave your office and go talk to regular people before making stupid statements like that. >> reporter: here on capitol hill, no one can explain why democratic leaders and the president haven't even met for two weeks. how do you work this out if you don't sit down and talk it through? >> well, we have met. we've met every time. the last time we met it was a photo op for the president to leave the room. >> reporter: this afternoon, a bipartisan senate group pitched a new short-term bill. >> i just got off the phone with the president. >> reporter: it would fund the government for three weeks. >> we can get to a solution on border security, but we need to open the government right away. >> reporter: mr. trump was noncommittal. >> i

bank. no change expected. the president of argentina, brazil will meet in brasilia, south america's largest economies will focus on commercerity, and defense. thursday, the bank of indonesia is expected to hold rates in an aggressive tightening cycle may be coming to an end. african reserve bank is anticipated to hold interest rates on thursday. that is what is happening in the emerging markets space. now, let's get the first word news with deadly humphrey in dubai. --desley humphrey in dubai. draghi says the euro area isn't heading for a recession, softening momentum on the need for central bank stimulus. the ecb president warned members of the european parliament the current slowdown could be longer than expected. investors have questioned whether the central bank will be able to start raising rates this year after disappointing data. ult is preparing to remove carlos ghosn as ceo. the board has concluded a decision is burning -- urgent after ghosn failed in his latest appeal. misconduct.nancial directors are affected to meet in coming days and some say he will be replaced regardless of the case against him. global news

banks. >> i'm with department of commerce. yeah. four weeks, no check. i think i cry every day. morning i prayed for compassion that there would be compassion from the federal government, the politicians, have compassion for us. send us back to work. >> joining me now, former president and ceo and then former candidate of governor for maryland. thinking about tears and prayers and all of that people trying to get by. it is heartbreaking right now. i know your state has been hit hard by the shutdown. what are you hearing about how people are coping? >> folks were disheartened that the president when he gave his comments didn't say one word about our workers. >> right. >> about our workers that have been furloughed. he has made comments in past weeks. most of them are people and they serve our country and deserve our respect regardless of party or color or anything else. for the president, you know, to not show any sympathy to them is simply disturbing. >> last time i checked they don't ask you if you are democrat or republican they are keeping all americans safe. >> that's right.

thursday the president's commerce secretary faced criticism for questioning why furloughed workers need food banks on cnbc. >> well, i know they are and i don't really quite understand why. 30 days of pay that some people will be out, there's no real reason why they shouldn't be able to get a loan against it. >> reporter: 800,000 federal workers are set to miss a second paycheck friday on day 35 of the partial government shutdown. the president also said this evening that he loves and respects federal workers. as for those comments by the commerce secretary, he acknowledged that he could have said it differently. live on capitol hill, nicole killian, kpix5. >>> this just in, the city of san jose approved two major moves to help federal workers affected by the shutdown. the city council approved a short term no interest loan program for federal workers at mineta san jose airport. they also approved an ordinance that establishes a 90 day moratorium on evictions for people who can't pay their rent because they're not getting their federal paychecks. mineta san jose airport is also teaming up with sec

thursday the president's commerce secretary aced criticism for questioning why furloughed worker need food banksn cnbc. >> well, i know they are and i really don't quite understand why if 30 days of pay that some people will be out. there's no real reason why they shouldn't be able to get a loan against it. >> reporter: 800,000 federal workers are said to miss a second paycheck friday on day 35 of the partial government shutdown. speaker pelosi said house democrats will hold a news conference tomorrow where it is expected they could roll out a new plan that would offer more funding for border security. on capitol hill, nicole killian, kp x five. >>> joined kenny and michelle craig with are mourning team the office and retail complex houses the headquarters of genes pioneer levi strauss. according to the business times, the 800,000 square foot property could be worth over $700 million. levi's takes up nearly half the space. the sale won't happen have an impact on its existing lease, which runs through 2022. now to the east bay where the murder of a 20-year-old woman is prompting protests over a n

the first comment from the commerce secretary is he doesn't understand why people are going to a food banka loan. he used the words nobody should have a liquidity crisis. almost as one person said on twitter, sorry, it is like the marie antoinette sweepstakes going on here. the president has always said he has all these rich people around him, and they are successful and that is xwratd, is great, is th problem? >> this is the risk you run when people have not really struggled themselves. sympathizing with the people who have to support you to keep you in power matters. and not every rich person is unsympathetic. but this administrationbit of n to bridge that gap. when you say these things at the outset, you can't get a loan without some sort of collateral anyway, and the fact that person after person after person is trying to make light of it, i think the trump administration has at various points said look, there is a bit of short term pain here for the long term gain. we've heard that line being trotted out when we were talking about the tariffs and changing the trade policies. and the g

the world bank's president has traditionally been chosen by the us. us commerceretary wilbur ross says there's a very good chance that washington and beijing will reach a trade deal that both countries can live with. his comments, in a tv interview, follow the first day of trade talks at vice—ministerial level in beijing. pictures have emerged online of china's vice—premier liu he being applauded by us officials as he made a surprise appearance at the talks. america's leading stock exchanges could face new competition. a group of nine financial companies — including morgan stanley and bank of america merrill lynch — has announced plans to launch its own trading market, bypassing the new york stock exchange and the nasdaq. the goal is to reduce costs and simplify trading. it isa it is a really busy when today. we have mentioned some of the stories. our page keeps have mentioned some of the stories. 0ur page keeps you across have mentioned some of the stories. our page keeps you across of other business stories. the main market in south korea was flat because some

and lines at food banks for fesral workers and contract continue to grow. >> desjardins: but, commerce secretary wilbur ross was asked about reports of people going to homeless shelters and food banks and seemed confused: >> and i don't really quite understand why, because as i mentioned before, the obligations that they would dertake, say borrowing from a bank or credit union are in effect federally guaranteed. so the 30 days of pay that some people will be out is no real reas able to get a loan. be >> desjardins: while som federal workers can get short- term loans, that is not true for many, possibly millions of contractors, who will not receivback pay and have lost a month's worth of salary. house speaker nancy said ross's suggestion shows the white house is out of touch: >> is this the "let-them-eat- cake" kind of attitude? or "call-your-father-for-moy" or "this-is-character-building-for- you," it's all going to end up well as long as you don't get your paychecks >> desjains: this, a day after pelosi won a kind of proxy fight with the president, after a battle over whher his state

wilbur ross, trump's millionaire commerce secretary, says he doesn't understand why federal workers are going to food banksuring government shutdown loser: pg&e says it might have to quintuple have to says it might loser: pg&e loser: pg&e says it might have to quintuple rates if it's forced to cleatrees and inspect electric grid . . . pg&e says in a court filing that it could not afford to inspect its power grid and clear trees, estimating that the work could cost up to $150 billion. "the work that would be required is so labor-intensive and costly that compliance is technically and operationally infeasible," pg&e said in the court filing. the company also said if the court proceeds with the judge's plan, the utility would have to dramatically increase the rates it charges customers. "the work that would be required is so labor-intensive and costly that compliance is technically and operationally infeasible," pg&e said in the court filing. winner: 'fortnite' and other free games raked in more than $87 billion last year . . . the rest of the gaming industry is starting to take note. free-to-play video games

some agencies of the department of commerce are not publishing data economic data and that hurts the federal reserve directly at a crucial time when the central bank is becoming more and more data dependent when it comes to to monetary policy on top of some of the most respected i.p.o.'s of the year such as over who'd been delayed since said the shutdown is also affecting revisions from the s.c.c. . we have seen the markets a little better though what are we seeing this last friday. weekly violence is a still policy said to the fed say patients and the trade talks between china and the us have your main indexes here and wall street clothes are barely and change on friday erasing early losses these it could change the next week as they impact of the shutdown keeps a taking a toll not only in confidence but also in critical industries such as transport or to resume and as for now the bill of the shutdown goes up to three point six billion dollars and counting was the reason in new york thank you very much and have a great weekend. if you think of wine countries you might say spain or france but have you thought about moldova they have a small countr

forays abouts have not been processed, all the while that our commerce secretary says he just couldn't understand why people had to go to food banks. we should be ashamed. we should all be ashamed that a representative of the united states government would say such a thing when it is the administration that caused the shutdown. when the any cellulose and there is -- when the economy slows, and there's less money in the economy, it leaves our communities even more vulnerable. that's something that hasn't been talked about enough here. and that is, in the last 35 days, the security of the united states -- not just on the southern border but the entire united states -- has been at risk, has been at risk because of this government shutdown. cybersecurity threats from russia, from china, from north korea -- you name it. while we may have a crisis on the border -- and there are many that might dispute that it is a crisis on our southern border as opposed to chaos. everyone understands that there's chaos. everyone understands that our border is not as secure it is a should be, and there are things that we can do to secure that border. an

banks. thank you very much. vonnie: u.s. chamber of commercent and ceo tom donahue joins balance of power as the business group calls for an immediate end to the partial government shutdown. this is bloomberg. ♪ guy: shinzo abe, the japanese prime minister speaking at a joint press conference with theresa may, the british prime minister. theresa may has already spoken. we are now hearing the statement from the japanese prime minister saying the whole world wants britain to avoid a no deal. he has been briefed by the japanese carmakers to make clear to theresa may the impact that would come if britain were to crash out of the eu with no deal. we are waiting for the q&a. we think we are going to be getting maybe a little bit more clarity from theresa may during that. we will bring you those moments in just a couple of seconds. we probably need to be talking about what's happening in the airline sector. vonnie: time for stock of the hour. shares of american airlines hitting a little turbulence. and it's not the only airline out there in trouble to

banks in order to get food to feed their families. they are having to rely on help to frankly pay their bills. and that hasn't been helped by the fact that the commerceillionaire, said today he could not understand why many of them were going to food banks and why they simply didn't get bank loans. yes, he accepted that they would have to pay some interest but surely, that would be something that they could do. it's given the sense that perhaps some in the administration — perhaps going further than that, some in washington — are not really aware of what some government workers are paid and what they are going through and as a result, i think there is growing pressure on both sides to come to some kind of conclusion that will end this shutdown. but for the minute, the president seems determined to continue until he gets money for that wall. climate change is redrawing the map of the arctic, according to scientists meeting in norway. in what researchers claim is the first sign of a major modern climatic shift they say the barents sea, which has been part of the arctic ocean for 12,000 years, is being swallowed by the atlantic. from the norwegian arcti

the uae, cutting off diplomatic, commerce and travel relations with qatar who they accuse of harbouring extremists. the ft leads with accusations that china's central bankubmitted by visa and mastercard to process renminbi payments, even though beijing removed formal obstacles to international participation in the $124 trillion dollar market back in 2017. and finally would you be prepared to sit on the floor of an aircraft whilst travelling back from holiday? a family of four had to sit on the floor during their birmingham—bound flight after vacationing in spain. the situation arose after the taylor family were told their pre—paid tickets were for seats that didn't physically exist. so let's begin with david buik, who's a market commentator at core spreads. telegraph is got its regular column from boris

commerce secretary wilbur ross ... a billionaire businessman ... expressed amazement that workers were forced to rely on food banksi know they are and i don't really understand why. because, as i mentioned before, the obligations that they would undertake - say of borrowing from a bank or a credit union - are, in effect, federally guaranteed (catherine)the talk on capitol hill tonight is about a bipartisan agreement to reopen the government for three weeks without conditions. the two sides will use the time to try to hammer out a compromise on the border wall. in a few minutes political analyst michael yaki will join us with his insight on the new developments. (grant) in the east bay... fremont police are looking at ways to go green... and one of those... could mean moving to electric police cars. they're using tesla's... saying it was the only electric vehicle to meet certain specifications for law enforcement. here is what they could look like... it's a converted 2014 'model-s .' this is a pilot program to see if if would really to see if if would really work and help reduce the police force's greenhouse gas em

commerce secretary wilbur ross ... a billionaire businessman ... expressed amazement that workers were forced to rely on food banks,"i know they are and i don't really understand why. because, as i mentioned before, the obligations that they would undertake - say of borrowing from a bank or a credit union - are, in effect, federally guaranteed (catherine) again, the idea is to reopen the government for three weeks ... and let all the workers collect their pay. meantime republicans and democrats will try to come to an agreeement on paying for that wall.ken and pam? (ken) president trump's former personal lawyer, michael cohen has been subpoenaed by the senate intelligence committee to testify in mid-february. that's according to a source close to cohen. this is video of cohen leaving his new york apartment today -- he declined to comment. he announced yesterday that he's postponing his appearance before the house oversight committee hearing citing "ongoing threats against his family" from the president and his attorney rudy giuliani. senate intelligence traditionally interviews behind closed doors, not publicly. a

> one thing that definitely didn't help the president, his commerce secretary questioning why desperate federal workers were going to food banksy quite understand why. >> maybe it was tough to understand from ross's point of view. imagine finding out you're a triplet later in your life. that's the subject of a fascinating film. >> when i tell people my story they don't believe it but it's true. >> i always thought what would it be like if you turned the corner one day and you saw yourself? >> oh, my god. >> wow. >> the first time that the boys met the three together it was a mare ka miracle. >> there was nothing that could keep us apart. >> that's when things kind of got funky. >> something was just not right. >> i would like to know the truth. >> there was always a question mark. >> the parents have never been told. >> they are trying to conceal what they did from the people they did it to. >> there's still so much that we don't know. >> how could you not tell us? ♪ indigestion, ♪ upset stomach, ♪ diarrhea... girl, pepto ultra coating will treat your stomach right. ♪nausea, heartburn, ♪ indigestion, upset stomach, ♪ diarrhea.

be able to get a loan against it. >> the commerce secretary who happens to be a billionaire saying he doesn't understand why these people have to go to food banks. does he not understand the predicament these people are in in. >> i think what he is suggesting is an alternative but it is not taltable to a lot of people and does suggest maybe we don't understand how serious it is to federal workers and contractors and people they offer services to. it is not that they are not providing services. ag workers in south dakota, farm workers, individuals who need loans approved through different federal agencies including the department of ag are all feeling the impact of this. look at our coast guard. we have guys going on a five month deployment out of south dakota on coast guard, they don't know what they can do to feed their families. we provided a specific alternative which our colleagues have said no deal on coast guard until we make a deal on everybody. there is a lot of blame for a lot of pain and suffering that is absolutely unnecessary. in the future congress should hold itself accountable by saying come hell or high water by september 30 we

banks in order to get food to feed their families. they are having to rely on help to frankly pay their bills. and that hasn't been helped by the fact that the commerceoss, who is a multimillionaire, said today he could not understand why many of them were going to food banks and why they simply didn't get bank loans. yes, he accepted that they would have to pay some interest but surely, that would be something that they could do. it's given the sense that perhaps some in the administration — perhaps going further than that, some in washington — are not really aware of what some government workers are paid and what they are going through and as a result, i think there is growing pressure on both sides to come to some kind of conclusion that will end this shutdown. but for the minute, the president seems determined to continue until he gets money for that wall. let's get some of the day's other news. one of brazil's few openly gay congressmen has announced he won't serve a new term in office because of death threats. jean wyllys, of the socialism and liberty party, now plans to live abroad. in a newspaper interview, he said violence against lgbt peopl

banks to get by. >> i know they are, and i don't really quite understand why. >> reporter: commerce secretary and multimillionair wilbur ross said they should just take out loans. >> we have not gotten paid at all, and i think the most desperate part is just pushing our bills back. some companies are understanding. some companies are not understanding. >> reporter: president trump said he's looking at alternatives to fund the wall. an apparent reference to declaring a national emergency. earlier this month the president had backed off declaring an emergency, but now it looks like that's back on the table as an option as the shutdown drags on. >> marc liverman here in new york. thank you very much, marc. >>> so starting today federal workers at the southern u.s. border will start forcing some asylum applicants to wait in mexico while their cases are being considered. it's part of a new initiative announced by the trump administration. customs and border patrol agents are among thousands of federal employees working without pay during the partial shutdown. mireya villarreal was at the southern arizona border yeste

commerce secretary, wilbur ross, suggesting some of thealorkers e ou going to food banks. >> i know they are, and don't understand why. >> reporter: ross later trying to walk it back. >> you cannot imagine walking in my >>shoes. eporter: with the shutdown now in day 34, the president promising we will not cave on the border wall but making a rare retreat on a different issue after house speaker nancy pelosi barred him from giving his state of the union speech in the house chamber during the shutdown, the government agreeing to delay the address until the government >>reopens. e have to talk about reopening the government and recognize the pain and unfairness of th. >> reporte pelosi said she will meet with president trump any time,ey but wall m is still off the table. there are still signs of movement, house democrats are that coulda plan include billions of dollars for border security just no ll. >> any crack of light is what we need to see to kp our spirits up. >> crossing our fingers and holding our breath. >>> the way things are looking right n on capitol hill, tomorrow will be anoth