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Feb 22, 2017
02/17
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manus: yes.his phenomenal corporation tax cuts. manus: do you think that will be down to 20%? jonathan: 20% is a number he said he wants to go to, so 35% is the top rate at the moment. that is a big target. i suspect he's having to have discussions at the moment and 20% may not be achievable. as an initial hit. at the same time, you have, what about this repatriation tax? canyon on set up a moment and bring back cash from the rest of the world and charge perhaps 10% tax at the same time? there is scope for disappointment there if we do not get to this 20% move, but there is also scope for the market. if you get a big tax cut, the markets say this is great news. at that point, the likelihood growth picks up and you have to have an interest rate hike sooner rather than later. manus: this is just what we have put together. inflation expectations are at a three-year high, ok, and you have 10 year government bond yields just trying to make up their minds which way they break. everything you have just
manus: yes.his phenomenal corporation tax cuts. manus: do you think that will be down to 20%? jonathan: 20% is a number he said he wants to go to, so 35% is the top rate at the moment. that is a big target. i suspect he's having to have discussions at the moment and 20% may not be achievable. as an initial hit. at the same time, you have, what about this repatriation tax? canyon on set up a moment and bring back cash from the rest of the world and charge perhaps 10% tax at the same time? there...
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Feb 14, 2017
02/17
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manus: high risk?rtain environment in and wee are confident have confirmed our guidance for this year and remain very for the medium term as well. anna: for the medium term as well. anna: on the political upheaval front, brexit they hop -- hot what are you seeking in her negotiations? scotch whiskey in your interests. guest: and gin. we like to see them negotiate free trade with the european union. we would hope for, that could be an opportunity to see the u.k. when it has exited the european union, negotiated bilateral agreements with markets such as india. a huge potential market for scotch. little bit closed because of entry barriers. anna: do the the -- do you see those coming down? guest: that depends on bilateral negotiations on free trade agreements. that would be great news for the industry. manus: what extent is your voice as a ceo? what you lobby and in the united states? waterfront voices being heard at a politic level in regards to brexit? how are you lobbying on brexit? guest: we are big s
manus: high risk?rtain environment in and wee are confident have confirmed our guidance for this year and remain very for the medium term as well. anna: for the medium term as well. anna: on the political upheaval front, brexit they hop -- hot what are you seeking in her negotiations? scotch whiskey in your interests. guest: and gin. we like to see them negotiate free trade with the european union. we would hope for, that could be an opportunity to see the u.k. when it has exited the european...
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Feb 10, 2017
02/17
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manus: i am manus cranny.henomenal tax plan, trump acknowledging the one china policy, a triptych, three markets, bank, bank, bank. the dow.aq and who is benefiting? those who have the most to benefit from tax. by 5%.ity dropped the dollar is rocky, up for an eight day. dollarsgan says eight depending on the details. we don't know what this tax plan will look like. trump has said it will be phenomenal. will it be the border tax adjustment favored by house speaker paul ryan. we will discuss that during the program. some breaking news from q4 1.6 4 billion, looking better than estimates, full gear sales numbers missing estimates it would appear. $56.8 billion. that one looks a little bit lighter. the aren ors on shipments, steel shipments, and various other metrics. net debt increasing to 11.1 manus: as of december the proclivity for risk showing up. let's check out the board here it you have some big movers on , thequity side and indeed austrian dollars says it all. a couple of factors, one is china trade data,
manus: i am manus cranny.henomenal tax plan, trump acknowledging the one china policy, a triptych, three markets, bank, bank, bank. the dow.aq and who is benefiting? those who have the most to benefit from tax. by 5%.ity dropped the dollar is rocky, up for an eight day. dollarsgan says eight depending on the details. we don't know what this tax plan will look like. trump has said it will be phenomenal. will it be the border tax adjustment favored by house speaker paul ryan. we will discuss that...
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Feb 20, 2017
02/17
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manus: thank you. japan's exports disappointed. shipments for january, they rose 1.3%, well short of the expected 5%, a yawning trade deficit could see japan's trade growth worsen. mark, great to see you. ofk, a disappointing set numbers, but exports to the u.s. dropped by 6.6%. everything is grand and they will be able to make a good case for a bilateral trade deal with mr. trump when they sit down. >> i mean, that is definitely one part of it. they can say, look, you don't need to impose trade barriers or protectionist measures. our exports to the us is dropping. they still had a trade surplus, which is not great news. they are worried, saying the exports are not growing as much as they would like, implying they need further yen weakness, which is not what trump would encourage. if you want to skew it positively, you can say at least there was export growth, which after a long period of a slump, that is a small glimmer of hope for the japanese economy. manus: we take a little bit of hope wherever it
manus: thank you. japan's exports disappointed. shipments for january, they rose 1.3%, well short of the expected 5%, a yawning trade deficit could see japan's trade growth worsen. mark, great to see you. ofk, a disappointing set numbers, but exports to the u.s. dropped by 6.6%. everything is grand and they will be able to make a good case for a bilateral trade deal with mr. trump when they sit down. >> i mean, that is definitely one part of it. they can say, look, you don't need to...
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Feb 15, 2017
02/17
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manus: this is -- manus: this is bloomberg. ♪ anna: welcome back.s 2:20 in the afternoon in hong kong. hang seng up by 1.4%. janet yellen boosting equities another leg higher in the united states. let's get the bloomberg business flash. -amro reporting an increase in fourth-quarter drop, saying underlying net income rose to 333 million euros. that was helped by higher net interest income and lower provision set aside for riskier loans. we will speak to the ceo at 6:50 u.k. time. credit agricole has posted a slump in fourth-quarter profits. net income dropped after it booked a good write-down down at its french consumer banking unit and trading revenue fell. that compares with 300 18 million euro analyst estimates. joiningty ceo will be bloomberg for an exclusive interview. group beingestment bought for $3.3 billion in cash. principles have agreed to continue with the business which will remain based in new york. fortress will operate even as a japanese company establishes its own technology investment find. 2016an sachs did not pay touses to about 1
manus: this is -- manus: this is bloomberg. ♪ anna: welcome back.s 2:20 in the afternoon in hong kong. hang seng up by 1.4%. janet yellen boosting equities another leg higher in the united states. let's get the bloomberg business flash. -amro reporting an increase in fourth-quarter drop, saying underlying net income rose to 333 million euros. that was helped by higher net interest income and lower provision set aside for riskier loans. we will speak to the ceo at 6:50 u.k. time. credit...
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Feb 17, 2017
02/17
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manus? manus: take you very much. he will see you on monday.en a big week for fed speak. chair janet yellen testified before the house and the senate, after which we have seen considerable moves in the rate hike probability, spiking and dropping. volatility is back. your week of central bank. >> waiting too long to remove accommodations would be unwise. >> i think she kept all options open and kept the march meeting alive, which is exactly what i think is the right posture at this moment. >> i don't want to give you buters on two or three, this is consistent with what we have thought should be happening around now. >> overall, i feel that what i saw at the beginning of the year as the path for the economy, is what we are experiencing and i premised two rate moves on that outlook. >> we don't know what fiscal plans will congress and the administration decide on, we are not basing our judgments about current interest rates on speculation about that. manus: joining us now from amsterdam, the head of fixed income at avian private bank. mary, thank
manus? manus: take you very much. he will see you on monday.en a big week for fed speak. chair janet yellen testified before the house and the senate, after which we have seen considerable moves in the rate hike probability, spiking and dropping. volatility is back. your week of central bank. >> waiting too long to remove accommodations would be unwise. >> i think she kept all options open and kept the march meeting alive, which is exactly what i think is the right posture at this...
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Feb 16, 2017
02/17
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this is bloomberg. ♪ manus: welcome back.'s get breaking numbers from the world's biggest food maker here in ink of some of the brands in your basket every week. on organic sales, missing the estimate of 3.4%. 2017, organicg in growth will be between 2% and 4%. organicas a fundamental growth ambition to grow their business by more than that. will beanic growth 2%-4%. organic sales come in at 3.2%. nestlÉ comings at in a shade lighter at 89.5 billion. the market was looking for 90 billion. there is a full-year dividend of 2.3%. that's pretty much in line with what the market had expected. so sales or a miss at nestlÉ. that's just part of the laundry ceo.of issues for the new he has inflationary pressures in brazil and other areas around the world. in 27 sees stable trading -- 2017. stay tuned for that. when it comes to air france, let's run through some of the numbers there. they are under pressure with strikes from last year but not as much as in the previous year. full near revenue, bang in line with what the market estimate
this is bloomberg. ♪ manus: welcome back.'s get breaking numbers from the world's biggest food maker here in ink of some of the brands in your basket every week. on organic sales, missing the estimate of 3.4%. 2017, organicg in growth will be between 2% and 4%. organicas a fundamental growth ambition to grow their business by more than that. will beanic growth 2%-4%. organic sales come in at 3.2%. nestlÉ comings at in a shade lighter at 89.5 billion. the market was looking for 90 billion....
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Feb 2, 2017
02/17
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anna, manus. anna: thank you. reserve is in a wait mode while they try to figure out what trumps policies mean for the economy. left the rate unchanged. manus: while they provided little direction on when they would ask to raise the rate, sentiment has risen and inflation will rise to the 2% target even with gradual adjustments in interest rates. is back on form. here you go, the dollar, job on theawboning is the name of game. respond to that? of talking down the currency if you are doing the big fiscal policy initiative, i think will be very unsuccessful. capital flows will follow incentives and u.s. rates will be higher. money would go to the u.s. so it would be hard to talk down the dollar unless you are willing to subsume your inflation targets. it can get nominal rates down but if you do fiscal policy at the end of the business cycle, your exchange rate will go up. they are talking the dollar down but on the other hand policy announcement as we know them so far have been dollar positive. have the fiscal struc
anna, manus. anna: thank you. reserve is in a wait mode while they try to figure out what trumps policies mean for the economy. left the rate unchanged. manus: while they provided little direction on when they would ask to raise the rate, sentiment has risen and inflation will rise to the 2% target even with gradual adjustments in interest rates. is back on form. here you go, the dollar, job on theawboning is the name of game. respond to that? of talking down the currency if you are doing the...
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Feb 7, 2017
02/17
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manus: thank you.efore we get to the bmp story, -- on thee lines from value of the euro and mario draghi defending the currency yesterday evening. the french people do not want to apropos what marine le pen may be suggesting. higher debt level would not produce french growth. interview is from an in france. bmp has missed estimates for the fourth quarter as earnings fell. net income doubled to 1.4 billion euros from a year earlier but that fell short of the 1.6 billion that analysts expected. to bloomberg's caroline on the potential impact of brexit and trump's work. ,> if we go back to the g-20 they said any new regulation should have no material impact. if that ise to see in force. if one remains in that framework, it should remain manageable. caroline: this puts european banks at a disadvantage. >> the world is bigger than just europe and the u.s. there are 20 states that have to come up to an environment that makes it possible for their banks to operate. caroline: you do not see any impact. >> it i
manus: thank you.efore we get to the bmp story, -- on thee lines from value of the euro and mario draghi defending the currency yesterday evening. the french people do not want to apropos what marine le pen may be suggesting. higher debt level would not produce french growth. interview is from an in france. bmp has missed estimates for the fourth quarter as earnings fell. net income doubled to 1.4 billion euros from a year earlier but that fell short of the 1.6 billion that analysts expected....
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Feb 13, 2017
02/17
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manus: i am manus cranny. this is where does dollar-yen go. romance between donald trump and shinzo abe, the market likes what it has seen on the golf course and front steps of the white house, so where does dollar-yen go? 115? net short positions have been reduced, asset managers have reduced positions, so might be running into a resistance level. does that dictate where dollar-yan gomes? we will talk about that it. they could guide risk sentiment, cpi numbers or capitol hill. the risk rate, dollar-yen , in terms of risk sentiment, watching out for what janet yellen has to say. stanley fischer talking about concerns. the asx 200 up .7%. rio tinto hitting a three-year high. manus: is it a dollar-yen story or dollars story? we have not seen a winning streak on the dollar like this since early november, all see markets moving, but look at that iron ore, the highest in two years. you have a surge in china to the highest level and 13 months, 12.5% last week, this is where the big bang comes, 13 analysts say that will be down each quarter this year
manus: i am manus cranny. this is where does dollar-yen go. romance between donald trump and shinzo abe, the market likes what it has seen on the golf course and front steps of the white house, so where does dollar-yen go? 115? net short positions have been reduced, asset managers have reduced positions, so might be running into a resistance level. does that dictate where dollar-yan gomes? we will talk about that it. they could guide risk sentiment, cpi numbers or capitol hill. the risk rate,...
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Feb 3, 2017
02/17
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manus: judy hyman is here.dy: economists are estimating that once again there will be relatively robust jobs growth. 175,000 jobsis being added to the american economy in january. roughly in line with the 180,000 that is the 12 month trailing average. 4.7% is the unemployment rate and economists are predicting that will hold steady. another key number will be the average hourly earnings. investors in the u.s. and economists look to see if there are signs of inflation as there is a debate over whether the new administration is going to spur inflation as well with some of its policies. the estimate for that number come at 0.3 percent. a 10th of a percentage point declining from december. we will be watching that number closely. one of the backdrops of for all of these reports is how many of the other more nontraditional at.ures will we be looking increasingly under the trump administration. trump and his treasury how many have said we need to expand the view of the unemployment rate. look at folks who have stoppe
manus: judy hyman is here.dy: economists are estimating that once again there will be relatively robust jobs growth. 175,000 jobsis being added to the american economy in january. roughly in line with the 180,000 that is the 12 month trailing average. 4.7% is the unemployment rate and economists are predicting that will hold steady. another key number will be the average hourly earnings. investors in the u.s. and economists look to see if there are signs of inflation as there is a debate over...
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Feb 8, 2017
02/17
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manus: is it?eople are feeling more optimistic about the chinese economy which is good for iron ore. two questions. will there be a supply response, will we see people expanding production and how high of inventories in china, there are signs their starting at high levels. anna: this is an example of one company doing well, rebounding .n the back of this this rally in commodities, are you saying that continue? guest: again we look at global economic trends, pmi is supported, we talked about maintaining that risk on approach from an equity perspective. we have initiated an improvement, an increase in natural resource from a tactical perspective as well. and from an energy producing perspective could also from the new administration point of view expect,we in cash when picking up on the china comments as well, i think there is also an element of people not being as pessimistic on china. if you look at some of the economic numbers official and unofficial, we have not seen the hard landing that everyon
manus: is it?eople are feeling more optimistic about the chinese economy which is good for iron ore. two questions. will there be a supply response, will we see people expanding production and how high of inventories in china, there are signs their starting at high levels. anna: this is an example of one company doing well, rebounding .n the back of this this rally in commodities, are you saying that continue? guest: again we look at global economic trends, pmi is supported, we talked about...
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Feb 9, 2017
02/17
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manus: thank you very much. about germany and the largest steel maker that just reported its first quarter fiscal profit. to 329 million euros. we have an exclusive conversation with the cfo. great to have you with us. the market will probably be pleased with that set of numbers. .alk us through pricing this time last year we were able nine year low. does that momentum continue in terms of pricing on the steel side? >> i can confirm that pricing on the steel side has improved, driven by the sharp increase in raw material prices we saw. coal going up to a peak of 330 and coming down to 170. overall ore was up, but were passing it on to our customers with better pricing than last year. the situation is completely different. numbers largely declined throughout the year. anna: one thing that has changed is who is in the white house over in the united states. president trump and his mexico policy getting a lot of headlines. how does this affect the way you do business? >> thanks for that question. we do have a large
manus: thank you very much. about germany and the largest steel maker that just reported its first quarter fiscal profit. to 329 million euros. we have an exclusive conversation with the cfo. great to have you with us. the market will probably be pleased with that set of numbers. .alk us through pricing this time last year we were able nine year low. does that momentum continue in terms of pricing on the steel side? >> i can confirm that pricing on the steel side has improved, driven by...
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Feb 27, 2017
02/17
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manus: what a week we've got.e will hear from the president of the united states addressing both houses of congress and janet yellen. all these things could move the dollar. take a look at this. this is really where the fx treasuries are going to be. the white line is the movement in the long position. leverage cut their long dollar positions for the seventh consecutive week. the fx volatility has dropped as well, but it is the longest selling streak since 2013. peak long dollar positions, back in january 3. it will be what comes out of donald trump's mouth that could shift the perspective of what happens with the dollar. anna: we could hear more about his budget plans as early as today, that the address to congress a be a focus. let's put up the risk radar and show you where we are overnight. this is what we have been handed over by the asian equity session. $70n equities are weaker, trillion universe, $70 trillion of global equities as we head into his busy week. we've got the 10 year yield in unconvinced does t
manus: what a week we've got.e will hear from the president of the united states addressing both houses of congress and janet yellen. all these things could move the dollar. take a look at this. this is really where the fx treasuries are going to be. the white line is the movement in the long position. leverage cut their long dollar positions for the seventh consecutive week. the fx volatility has dropped as well, but it is the longest selling streak since 2013. peak long dollar positions, back...
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Feb 28, 2017
02/17
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manus: and i am manus cranny. charlie: they could seek acquisitions. this is according to the ceo of the company. interestngs before jumped 11%. the company sees profits rising again in 2017. ebit number comes in at $1.354 billion, which is just above the estimate of $1.347 billion. manus, lets get back to the macro stories this morning. we have seen robert kaplan pushing back against the ideas that the market has a veto on a rate increase. that has captured the market's imagination. manus: 24 hours ago, that is when we saw the bond traders. since friday, the probability of a rate hike in the united states has gone from 40% to 50%. that along with the swaps market 10 year, has also come from the lowest point this year, by 5.5 basis points. the the probability has had 50%. kaplan says he wants to move sooner, rather than later. be aware of what is going on in the market, but i don't want to overreact in terms of what the market's perception is. anna: and then we are going to get to donald trump in what he has to say. we will look at what janet yellen sa
manus: and i am manus cranny. charlie: they could seek acquisitions. this is according to the ceo of the company. interestngs before jumped 11%. the company sees profits rising again in 2017. ebit number comes in at $1.354 billion, which is just above the estimate of $1.347 billion. manus, lets get back to the macro stories this morning. we have seen robert kaplan pushing back against the ideas that the market has a veto on a rate increase. that has captured the market's imagination. manus: 24...
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Feb 6, 2017
02/17
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manus: and i'm manus cranny. breaking news across the bloomberg. anna: they are talking about a challenging price environment in fiscal 2018 in terms of the underlying numbers. third quarter after-tax profit, down by 8% to 95 million euros. 106.6 million euros. the forecasts for the fourth quarter yield are down as much as 15%, seeming to be in line with what they gave us previously. they gave a cautious outlook for the remainder of fiscal 2017. diving into the detail this morning, they say they are maintaining their four year profit guidance between 1.3 billion euros to 1.3 5 billion euros. but this is dependent on the absence of security events. there are some comments about whether they will or will not be expanding into the u.k. manus: there are still cautious and do not have that outlook, that robust outlook. there, a cost-cutting story relative to easyjet. we will be speaking to the cfo, who joins us for the first interview of the day. 5.at is on "daybreak" at 6:4 what is going on in the markets? what we know is this. the question from the ma
manus: and i'm manus cranny. breaking news across the bloomberg. anna: they are talking about a challenging price environment in fiscal 2018 in terms of the underlying numbers. third quarter after-tax profit, down by 8% to 95 million euros. 106.6 million euros. the forecasts for the fourth quarter yield are down as much as 15%, seeming to be in line with what they gave us previously. they gave a cautious outlook for the remainder of fiscal 2017. diving into the detail this morning, they say...
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Feb 20, 2017
02/17
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manus: have you noticed anything yen? dollar or the have you noticed any movement or a lack of enthusiasm? i was in the united states and there was a discussion about being a hedge against risk and we may see positions underlying that inherent nervousness. ofre will be a position building this into the first round of the presidential on howns and, depending that plays out, if we do not see a leftist candidate coming together to make a minority and la pen,n election with you will see the risk diminished slightly. demolition derby will open up in france. we will get into that. stay tuned. we will have george joining us right here on our said at 8:30 8:30. at it has been a weekend of stumbles and bumbles. -- there are ongoing allegations that they used public funds. candidatese left trading insults. they signaled that they would consider a possible joint ticket. let's pick up on this. this is friday. this is where the frra anco-german blew up. 18.5%.e both tied at it seems like the race has completely blown open and this is
manus: have you noticed anything yen? dollar or the have you noticed any movement or a lack of enthusiasm? i was in the united states and there was a discussion about being a hedge against risk and we may see positions underlying that inherent nervousness. ofre will be a position building this into the first round of the presidential on howns and, depending that plays out, if we do not see a leftist candidate coming together to make a minority and la pen,n election with you will see the risk...
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Feb 1, 2017
02/17
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manus: i am manus cranny in the city of london.hiteing news on goods maker, they make it, we use it. a lecture looks so. this is what we have got. operating profit comes in at one swedish 2 billion krona. under the estimate, the market is looking for 1.75. organic growth down 3% for a electrolux. this doesst reading not make for a hugely optimistic topline read. organic growth revenue fell by 3%. the profit is below market estimates. growth is confirming the rate of 1% for 2017. in regards to north america, the 2% to 3%ere possibly in 2017. these are the lines coming through from the electrolux ceo. he will be joining the team of later in the day. his first interview of the day and you can watch them on surveillance at 9 a.m. a little bit of breaking news coming through on monday -- on mondi. retires.hawthorne this is one of those paper and packaging groups, paper and pulp and you get the idea. it is a south african group. it has gone for a management change. electrolux have seen a drop in the newrevenue naming ceo. i have written
manus: i am manus cranny in the city of london.hiteing news on goods maker, they make it, we use it. a lecture looks so. this is what we have got. operating profit comes in at one swedish 2 billion krona. under the estimate, the market is looking for 1.75. organic growth down 3% for a electrolux. this doesst reading not make for a hugely optimistic topline read. organic growth revenue fell by 3%. the profit is below market estimates. growth is confirming the rate of 1% for 2017. in regards to...
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Feb 15, 2017
02/17
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let's go to manu raju. >> it's suppose to happen tomorrow. what's the update? >> i'm told that's likely to be cancelled. the word coming down that this nomination is expected to be withdrawn from the white house. now that official word has not come down, so we don't know officially yet that puzder has dropped out but we are hearing that's a very likely outcome and that hearing planned tomorrow is not going to happen at least that's the expectation on capitol hill. after several republicans communicated directly to the white house that this nomination will not get confirmed because there are four firm no votes, in addition to 48 democratic senators, 52 republican senators, that he would not get confirmed and we are hearing there are 12 more who might likely vote no as well. this coming after a range of difficult issues to get confirmed ranging from his own ideological views, immigration views, also liabilities from the past, his acknowledgment of a house keeper that he employed, an undocumented immigrant, as well as very messy divorce from the 80s that have come
let's go to manu raju. >> it's suppose to happen tomorrow. what's the update? >> i'm told that's likely to be cancelled. the word coming down that this nomination is expected to be withdrawn from the white house. now that official word has not come down, so we don't know officially yet that puzder has dropped out but we are hearing that's a very likely outcome and that hearing planned tomorrow is not going to happen at least that's the expectation on capitol hill. after several...
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Feb 13, 2017
02/17
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manus: zero swiss catching a bit. we consider what happening -- what is happening over the weekend and switzerland. let's talk about the swiss close, because it is part of a theme and a narrative that is going on. we are joined by the ceo for switzerland at ubs wealth management. he joins us from the trading floor in zurich. daniel.ning, is this another blow to switzerland's safe haven status? .aniel: yes it is suddenly a period of uncertainty we have had. switzerland is traditionally a very safe, competitive country, that this is suddenly a different situation for the swiss government, when people reject a reform package by close to 60%. it means that many international companies here in switzerland do not know harvey future tax regime will look like. that is certainly a difficult situation right now. manus: if you are a large swiss company, a large international company, do you at this stage for investment into switzerland on hold? daniel: it is difficult to say. companies will certainly wait and see what the swiss
manus: zero swiss catching a bit. we consider what happening -- what is happening over the weekend and switzerland. let's talk about the swiss close, because it is part of a theme and a narrative that is going on. we are joined by the ceo for switzerland at ubs wealth management. he joins us from the trading floor in zurich. daniel.ning, is this another blow to switzerland's safe haven status? .aniel: yes it is suddenly a period of uncertainty we have had. switzerland is traditionally a very...
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Feb 7, 2017
02/17
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>> and manu, tell us about the last few days up there. i saw senator mark warner, democrat of virginia and thousands of calls a day like it was in the middle of the health care debate. is that democratic spin or is that true? >> that's true from both sides. i'm hearing from republicans and democrats. they are getting flooded with phone calls from constituents. a lot of republicans, john, are quick to dismiss those calls because they say this is organized by outside groups, by teachers unions, by progressive activists. but nevertheless, they are jamming up the switchboards and the democratic base is very, very engaged on this nomination, which is why you're seeing something somewhat rare here. democrats united from the most conservative wing, joe manchin and heidi heitkamp up for re-election in 2018 to the most progressive members, elizabeth warren and al franken, all voicing their opposition to betsy devos. a sign of how polarizing she's become as a nominee. john? >> manu, thank you. this vote takes about 20, 25 minutes. we'll keep an eye
>> and manu, tell us about the last few days up there. i saw senator mark warner, democrat of virginia and thousands of calls a day like it was in the middle of the health care debate. is that democratic spin or is that true? >> that's true from both sides. i'm hearing from republicans and democrats. they are getting flooded with phone calls from constituents. a lot of republicans, john, are quick to dismiss those calls because they say this is organized by outside groups, by...
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Feb 24, 2017
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manus cranny just sat down with the rbs cfo.e started out by asking when the bank will turn a profit. richie: -- have been open that we have another tough year ahead of getor 2017, provided we can through issues. particularly u.s. rbs. we will be firmly back making profits in 2018. manus: which draws me to the question, will you settle? the first half of the year, have you any visibility for the market? ewen: nothing to report all relations to discussions with the department of justice, but we continue to cooperate and are hopeful that we can get through the issue this week. the other aspect of this set of numbers is additional cost cuts. mapped out over the next couple of years and an additional 2 billion pounds. where will that come? retail banking on investment banking support services question mark -- support services? we have announced today that we are taking 2 billion out over the next four years. i think that is going to be broadly spread, but we have a very inefficient office infrastructure. of thegoing through all core
manus cranny just sat down with the rbs cfo.e started out by asking when the bank will turn a profit. richie: -- have been open that we have another tough year ahead of getor 2017, provided we can through issues. particularly u.s. rbs. we will be firmly back making profits in 2018. manus: which draws me to the question, will you settle? the first half of the year, have you any visibility for the market? ewen: nothing to report all relations to discussions with the department of justice, but we...
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let's start with manu raju, breaking all kinds of news this morning, good morning, manu. >> reporter:ood morning, carol. senate republicans took a dramatic and unprecedented step today in the senate finance committee by suspending the rules of the committee and sending two nominees of donald trump's cabinet to the floor of the senate. those two nominees, tom price to lead health and human services, and steven mnuchin to lead the treasury department. the reason why they took this dramatic step is because for the second straight
let's start with manu raju, breaking all kinds of news this morning, good morning, manu. >> reporter:ood morning, carol. senate republicans took a dramatic and unprecedented step today in the senate finance committee by suspending the rules of the committee and sending two nominees of donald trump's cabinet to the floor of the senate. those two nominees, tom price to lead health and human services, and steven mnuchin to lead the treasury department. the reason why they took this dramatic...
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manus: high expectations. no pressure. pieces is the oil industry has become so much more efficient and drilling is a key component. how cheap is the average offshore well these days compared to the boom days? >> it is difficult to make comparisons. it depends on if you are in the bering sea which will be some of the cheapest. or in the deep water of the atlantic margin. in general, the combination of costs coming off as the oil prices are three impact reduced but not least the efficiency gains we have seen within drilling. currently, we are actually drilling both our exploration wells somewhere between 30% or 40% more efficient than we were in 2013. it cathartic -- has it been cathartic for your or pushed you to the point of real change? >> the point that pushed us to real change was the point of diminishing margins. he came to us in 2013, a year or so before the oil prices started to drop off significantly. wideitiated a corporate efficiency program. we realized this was not sustainable. the oil price was not sustainable
manus: high expectations. no pressure. pieces is the oil industry has become so much more efficient and drilling is a key component. how cheap is the average offshore well these days compared to the boom days? >> it is difficult to make comparisons. it depends on if you are in the bering sea which will be some of the cheapest. or in the deep water of the atlantic margin. in general, the combination of costs coming off as the oil prices are three impact reduced but not least the efficiency...
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manu, you hear that from both parties. is this out of the bipartisan talking point playbook, to try to diminish the voices that they're hearing? >> yeah. and that white house in 2009, the obama white house, dismissed those concerns to their peril. they lost the house in 2010. and that's one thing that democrats are warning republicans about now, is that there is this energy right now on the left, because health care is such a passionate issue. people feel so strongly about it, which makes it so difficult to get consensus, not just across the aisle but within their own party. now, one thing it will be interesting to see is how much of those more moderate republicans in both the house and senate, whether or not they are scared off by these very sharp-edged concerns. remember, they can only lose 20 votes in the house in order to get something passed in the house, if they don't get any democratic support, they can only lose two votes in the senate. so that means that there is really no margin for error. if more and more of the
manu, you hear that from both parties. is this out of the bipartisan talking point playbook, to try to diminish the voices that they're hearing? >> yeah. and that white house in 2009, the obama white house, dismissed those concerns to their peril. they lost the house in 2010. and that's one thing that democrats are warning republicans about now, is that there is this energy right now on the left, because health care is such a passionate issue. people feel so strongly about it, which makes...
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Feb 24, 2017
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manus: will that include outsourcing?bly not, it means making our profits more efficient. manus: last week, the market rejoiced, rallied and you are not going to have to sell, but you are going to have to set up this fund. is it a done deal with the eu? there is no way this potential deal can be undone? ewen: as we saw with last week's it is clearly up for the european commission and treasury to talk about the proposal and see. we think it is a good outcome for williams. it delivers a better outcome for competition, better for williams and glenn customers and employees. do you say to the market who say this is a puranas moment. it could cost you in terms of businesses that you may lose over the medium term. to theu want to say market trying to understand this? ewen: we have got a clear position to improve competition out of the williams england. -- williams and glenn. withink working hard treasury to develop that theosal, we would welcome european commission. u.k., in terms of the am interested in the net lending, i am lo
manus: will that include outsourcing?bly not, it means making our profits more efficient. manus: last week, the market rejoiced, rallied and you are not going to have to sell, but you are going to have to set up this fund. is it a done deal with the eu? there is no way this potential deal can be undone? ewen: as we saw with last week's it is clearly up for the european commission and treasury to talk about the proposal and see. we think it is a good outcome for williams. it delivers a better...
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manus: we were just chatting before we started.want to talk to you about the adjustment and the p's and you said they are quite -- capital keys. he said they are quite small. is it a squeeze in short -- in terms of a short -- government bonds, does the shift in the p ease the pressure -- in the capital key ease the pressure on bundesbank and the pressure in the market? the app orplementing cpp is the decision that we also by short now and lower deposit rates. i think that is the main changes that allows us to implement the program as decided. that is for one. the other parameters that limit the universe of the program i think are pretty important to ensure the necessary distance to monetary finance. it also holds for the issuance limits that we decided. question, the market assumes there will be a rate hike in 2019. is the market behind the curve in terms of where we might go, is that too simplistic a view? jens: i would say the expectations sound absurd so it is in the possibilities that i see, but i do not comment on market forec
manus: we were just chatting before we started.want to talk to you about the adjustment and the p's and you said they are quite -- capital keys. he said they are quite small. is it a squeeze in short -- in terms of a short -- government bonds, does the shift in the p ease the pressure -- in the capital key ease the pressure on bundesbank and the pressure in the market? the app orplementing cpp is the decision that we also by short now and lower deposit rates. i think that is the main changes...
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manu raju.e conway, the vice-president, tomorrow the president will be there at that cpac conference, secretaries tillerson and kelly in mexico is the administration trying to reset the agenda a bit? >> it sound that way. donald trump didn't tweet. half an hour ago he tweeted about how the stock market is doing well but has not taken his administration off message. i will say that the trump administration is doing that is causing some concerns among his fellow republicans. there are a lot of republicans who wonder why they pick this fight against the transgender bathroom line. and it's interesting to hear steve bannon talking about withdrawing from tpp as well as immigration enforcement and building that wall along the border of mexico, the deportation as well those things don't necessarily unite the party but bannon ses it as central. >> we don't see, david, steve bannon publicly out there speaking publicly. today repeatedly referring to the news media as the opposition party. he's got his own
manu raju.e conway, the vice-president, tomorrow the president will be there at that cpac conference, secretaries tillerson and kelly in mexico is the administration trying to reset the agenda a bit? >> it sound that way. donald trump didn't tweet. half an hour ago he tweeted about how the stock market is doing well but has not taken his administration off message. i will say that the trump administration is doing that is causing some concerns among his fellow republicans. there are a lot...
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bloomberg's manus cranny asked the u.s.ks the bank will have a profit. >> we think we have another tough year ahead of us for 2017. provided we can get through issues, we think we will be back making profits in 2018. which draws me to a question -- will you settle in the first half of the year, do you have any visibility for the market? update,ve nothing to especially with reference to the department of justice. we continue to cooperate and we hope we will get through that issue this year. thes: the other focus of numbers, an additional 2 billion pounds. where will that come from? read till banking, investment banking, support services? >> i think when you look across the franchise, we have taken 3 billion pounds out, including another $1 billion in the last year. to bethink is going pretty broadly spread, but we've got a very, very inefficient back and middle office infrastructure. we are going through all of the corporations, saying how can we simplify them and deliver better cost outcomes? manus: will that involved outso
bloomberg's manus cranny asked the u.s.ks the bank will have a profit. >> we think we have another tough year ahead of us for 2017. provided we can get through issues, we think we will be back making profits in 2018. which draws me to a question -- will you settle in the first half of the year, do you have any visibility for the market? update,ve nothing to especially with reference to the department of justice. we continue to cooperate and we hope we will get through that issue this...
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manu, what have you found out?porter: this vote over scott pruitt's nomination to head epa, very, very controversial. democrats are trying their hardest to delay it as long as possible. and they've boycotted not just today's vote but also yesterday, not showing up, to prevent this action happening in the committee, the committee rules requiring at least two democrats to be present, to have a vote before the full senate can act. so the republicans are taking matters in their own hands. right now they're waiting for democrats to appear at this hearing. they're not going to come. and expect republicans to use their own power to push this nomination through and even change the rules of the committee to do just that. we just had a chance to talk to the chairman of the committee. he made very clear this nomination is moving forward. >> scott pruitt will be voted out of committee today. he will get to the floor of the united states senate. and he will be confirmed as the next administrator of the epa. >> reporter: but the
manu, what have you found out?porter: this vote over scott pruitt's nomination to head epa, very, very controversial. democrats are trying their hardest to delay it as long as possible. and they've boycotted not just today's vote but also yesterday, not showing up, to prevent this action happening in the committee, the committee rules requiring at least two democrats to be present, to have a vote before the full senate can act. so the republicans are taking matters in their own hands. right now...
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manu? >> reporter: in the last couple of days you raised concerns about some of the president's tweets and comments, you said that some of t tng he's been saying have been, quote, maki it harder to achieve what you want to achieve. i wonder if you can expand on that, especially in light of yesterday's news conference, concerns that the president is taking your party off-message. >> well, i've been pretty candid with him and with all of you that i'm not a great fan of daily tweets. what i am a fan of is what he's been actually doing. as i look at what we might have expected from a president mitt romney or a president marco rubio or a president jeb bush at the beginning of their tenures in office, i can't see much difference between what president trump is doing and what they would have done. the cabinet is outstanding, one of the most conservative cabinets since i've been here, and i've served under other republican presidents. i just mentioned getting as many regulations as possible off the
manu? >> reporter: in the last couple of days you raised concerns about some of the president's tweets and comments, you said that some of t tng he's been saying have been, quote, maki it harder to achieve what you want to achieve. i wonder if you can expand on that, especially in light of yesterday's news conference, concerns that the president is taking your party off-message. >> well, i've been pretty candid with him and with all of you that i'm not a great fan of daily tweets....
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we have manu raju with more. >> reporter: good morning. changed the rules of the committee to advance a nomination of scott pruitt to head the epa to the floor without democrats present at the meeting. democrats boycotted that meeting for a second straight day to circumvent the committee rules that required democrats to be present at committee. they decided to change the rules and say if this instance it was okay to vote on strict party lines without democrats present to advance nomination to the floor. this happened after two other nominees followed a similar route to their eventual confirmation. tom price and steve mnuchin. next week, expect those to be final vote on the floor of the senate. later on friday, we are expecting the senate to break a filibuster of betsy devos to lead the education department. that will be the narrowest margin of 51-50 vote. jeff sessions has not been confirmed as attorney general. they kept his in committee longer to help betsy devos. vice president mike pence will have to break the tie. president trump is g
we have manu raju with more. >> reporter: good morning. changed the rules of the committee to advance a nomination of scott pruitt to head the epa to the floor without democrats present at the meeting. democrats boycotted that meeting for a second straight day to circumvent the committee rules that required democrats to be present at committee. they decided to change the rules and say if this instance it was okay to vote on strict party lines without democrats present to advance...
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. >> manu? >> yeah, that's a pretty remarkable statement. >> powerful, yeah. >> and i think what trump is saying calling the press the enemy is unnerving a lot of republicans. few are speaking out right now. john mccain is one of the few who has not been afraid to criticize trump on everything from building the wall to, you know, about russia and clearly about the media. i mean, from my vantage point, i mean, from what i'm hearing, too, and it seems pretty obvious as well that what donald trump is trying to do is change the subject. >> yeah, yeah. >> right. >> he's getting bad coverage, and we're focusing on a lot of controversies and stumbles in the early part of the administration and he wants to make the argument and the focus about the people who are writing about him and talking about him and reporting on him, not about the actual controversies themselves, and so by ratcheting up language and calling the press the enemy, that's part of that effort to just change the subject. >> jackie, i me
. >> manu? >> yeah, that's a pretty remarkable statement. >> powerful, yeah. >> and i think what trump is saying calling the press the enemy is unnerving a lot of republicans. few are speaking out right now. john mccain is one of the few who has not been afraid to criticize trump on everything from building the wall to, you know, about russia and clearly about the media. i mean, from my vantage point, i mean, from what i'm hearing, too, and it seems pretty obvious as...
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thank you, manu. we'll get that in just moments.ou're looking at live pictures of marine one. >> the president getting ready to head to south carolina. he's going to south carolina to do what he promised during the election. >> yes, jobs. >> do what he promised during the transition. meet with the ceo of a boeing plant, meet with workers to talk about jobs. then there's a campaign trip in florida. he's going to hold a rally. >> a big rally tomorrow. he'll make this trip to south carolina but then he's going to head to florida, obviously mar-a-lago, but he's going to hold his first rally as president. what he says, what we're hearing will be a very big rally, a campaign style rally. >> biggest ever, biggest since the reagan administration at least. this is actually a political stop as opposed to a governmental stop. >> it's what he thrives off of, it's what he did during the campaign and it's what he and the administration thinks he needs right now. >> to go and actually do the work of the american people, to talk about manufacturing
thank you, manu. we'll get that in just moments.ou're looking at live pictures of marine one. >> the president getting ready to head to south carolina. he's going to south carolina to do what he promised during the election. >> yes, jobs. >> do what he promised during the transition. meet with the ceo of a boeing plant, meet with workers to talk about jobs. then there's a campaign trip in florida. he's going to hold a rally. >> a big rally tomorrow. he'll make this trip...
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let's get right to manu raju on capitol hill. man n manu, what are you learning? >> reporter: john mccain said last week that you cannot call the raid in yemen a success, it resulted in loss of life, that started the chain of events that you guys just cited. i talked to him earlier today, he said he'll refer to his statement from his press secretary, his press secretary putting out a cautious statement, not trying to escalate this fight with the president the united states, saying that senator mccain will continue to execute his oversight duties as chairman of the senate armed services committee and support the brave men and women serving our nation in uniform. so a cautious response. i tried to talk to senator mccain about this as well just moments ago. he did not answer directly, but he did go after donald trump on the issue that he has long criticized trump on, on russia. take a listen. >> are you concerned, should they have authorized this raid to begin with? >> i've said everything that i have to say about it. >> do you think it was a mistake? >> i've already
let's get right to manu raju on capitol hill. man n manu, what are you learning? >> reporter: john mccain said last week that you cannot call the raid in yemen a success, it resulted in loss of life, that started the chain of events that you guys just cited. i talked to him earlier today, he said he'll refer to his statement from his press secretary, his press secretary putting out a cautious statement, not trying to escalate this fight with the president the united states, saying that...
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manu raju broke this story. he's with us now from the hill. what are you hearing from certain republicans, manu. >> reporter: a lot of concern over the price tag being anywhere from 12 billion to $15 billion. the republican leadership last week said it could cost that much and likely will not be offset by expending cuts because it is expected to send to congress to fund this wall, but fund it through emergency spending which does not need to be offset by spending costs, there are a lot of republicans worried about adding to the deficit. a lot of them campaigned as deficit hawks and to simply throw another $15 billion on top of it is prompting some significant pushback anything from republican leader like john cornyn of texas, as well as bob corker, also swing voters like lisa merkowski of alaska, so this is a big problem for donald trump if he does not figure out a way to satisfy these concerns he will not get a spending package through congress and could be the end of his wall. big question how the trump administration deals with now, brooke.
manu raju broke this story. he's with us now from the hill. what are you hearing from certain republicans, manu. >> reporter: a lot of concern over the price tag being anywhere from 12 billion to $15 billion. the republican leadership last week said it could cost that much and likely will not be offset by expending cuts because it is expected to send to congress to fund this wall, but fund it through emergency spending which does not need to be offset by spending costs, there are a lot of...
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he just spoke with our manu raju. he went further than paul ryan did on this.ten. >> do you think that the public has a right to know whether or not the president directed mike flynn to talk about sanctions or the russian ambassador? >> i think that should be asked of the president. again, the executive privilege. the president should discuss what he knows and what happened. >> you think he should divulge that? >> to the extent, diplomacy, talking about sensitive issues, it's important for the president to lay out what happened, yeah. >> we just got manu raju up. he was obviously in that briefing. manu, you're with us. peter king does go further than paul ryan did. >> yeah, he did. and that was part of what i was trying to get paul ryan to say when i asked him, does he think the american public deserves to know whether or not donald trump when president-elect instructed mike flynn to talk about the issue of sanctions with the russian ambassador. and ryan chose to answer a different way saying that he believes that it was the right decision that mike flynn resi
he just spoke with our manu raju. he went further than paul ryan did on this.ten. >> do you think that the public has a right to know whether or not the president directed mike flynn to talk about sanctions or the russian ambassador? >> i think that should be asked of the president. again, the executive privilege. the president should discuss what he knows and what happened. >> you think he should divulge that? >> to the extent, diplomacy, talking about sensitive issues,...
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>> all right, manu. thank you. manu ra jurks reporti raju reporting from capitol hill. let's bring in the vice chairman, mike warner of virginia. senator, thanks for joining us. >> yes, wolf, you actually can't believe all this stuff. it is pretty remarkable, isn't it? >> it certainly is. i know you've been briefed. you got a lot more information than we have. talk a little bit about what you've learned, i know there's sensitive information, classified information. but do you think that the former national security adviser, michael flynn, acted alone when he spoke with the russian ambassador about sanctions? >> well, we don't know the answer to that. first thing we've got to look at is the transcript of what happened between flynn and the russian ambassador. then you got to back up from that, assuming that it is what the press has reported is accurate and there was a discussion about taking off the sanctions, and remember, this was coming immediately after the obama administration had put on sanctions because of the massive russian intervention in the election. that rai
>> all right, manu. thank you. manu ra jurks reporti raju reporting from capitol hill. let's bring in the vice chairman, mike warner of virginia. senator, thanks for joining us. >> yes, wolf, you actually can't believe all this stuff. it is pretty remarkable, isn't it? >> it certainly is. i know you've been briefed. you got a lot more information than we have. talk a little bit about what you've learned, i know there's sensitive information, classified information. but do you...
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let's go back to capitol hill to manu raju. on this house oversight notion, this investigation, does this even stand a chance of going anywhere? >> reporter: we don't know yet. it is a decision that the attorney general will have to make. and it all stems from the man who did set up that private e-mail server for hillary clinton. his decision last year and last congress not to appear despite two subpoenas from the house oversight committee. and chaffetz now wanting to pursue criminal charges. it is raising eyebrows among democrats who believe they should be focusing on donald trump, conflicts of interest and actions that the government is taking. so much chaffetz is steering clear of that at the moment. he is looking at a couple of matters including sending an e-mail to the white house asking if donald trump talked about classified information during a meeting with the japanese leader at mar-a-lago right after the north korean missile launch. chaffetz taking these steps, raising eyebrows. a lot not surprised after his aggressiv
let's go back to capitol hill to manu raju. on this house oversight notion, this investigation, does this even stand a chance of going anywhere? >> reporter: we don't know yet. it is a decision that the attorney general will have to make. and it all stems from the man who did set up that private e-mail server for hillary clinton. his decision last year and last congress not to appear despite two subpoenas from the house oversight committee. and chaffetz now wanting to pursue criminal...
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our senior congressional reporter manu raju is joining us live from capitol hill right now. manu, this is unprecedented, historic first for the vice president to cast the tiebreaking vote. >> reporter: absolutely, wolf. we have not seen this before. this shows how controversial of a nominee this was. lisa murkowski and susan collins expressing their view days ago. mitch mcconnell knew they were voting "no" which caused them to have jeff sessions stay in the vote to cast a vote and forced mike pence to come in here and vote "yes" breaking that tie. this came after a pretty dramatic and intense pressure campaign organized by liberal groups and teacher unions to flood senators' offices with phone calls in people with blue states like pat toomey of pennsylvania to convince him to vote against betsy devos. i caught up with pat and he said he never had second thoughts about voting for betsy devos, a sign that republicans, for the most part, are falling in line behind donald trump's cabinet. now they are going to move to jeff sessions' nomination. expect him to be confirmed as repu
our senior congressional reporter manu raju is joining us live from capitol hill right now. manu, this is unprecedented, historic first for the vice president to cast the tiebreaking vote. >> reporter: absolutely, wolf. we have not seen this before. this shows how controversial of a nominee this was. lisa murkowski and susan collins expressing their view days ago. mitch mcconnell knew they were voting "no" which caused them to have jeff sessions stay in the vote to cast a vote...
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. >> with us now, pentagon correspondent barbara starr and manu raju.et me start with you. this -- the president and speaker ryan sound very serious about focusing attention, the attention of the government on the leaks and not necessarily the subject of the leaks. and that, of course, being whether or not there was inappropriate contact and communication between members of the trump white house and the trump transition team and the trump campaign with individuals in russia who are known to u.s. intelligence. >> that's right, jake. and at this point, it's hard to see a way ahead in which there is not a full investigation because as manu will tell you, there are now republicans and democrats on capitol hill calling for a much deeper look into this. in fact, a short time ago, the house oversight committee led by republican chairman jason chaffetz who is -- has led many an investigation against the democrats, they have sent a letter to mike flynn's speaker's bureau. they want all the documents about who paid? which russian entities might have paid mike fly
. >> with us now, pentagon correspondent barbara starr and manu raju.et me start with you. this -- the president and speaker ryan sound very serious about focusing attention, the attention of the government on the leaks and not necessarily the subject of the leaks. and that, of course, being whether or not there was inappropriate contact and communication between members of the trump white house and the trump transition team and the trump campaign with individuals in russia who are known...
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let's go to manu raju. >> it's suppose to happen tomorrow. what's the update? >> i'm told that's likely to be cancelled. the word coming down that this nomination is expected to be withdrawn from the white house. now that official word has not come down, so we don't know officially yet that puzder has dropped out but we are hearing
let's go to manu raju. >> it's suppose to happen tomorrow. what's the update? >> i'm told that's likely to be cancelled. the word coming down that this nomination is expected to be withdrawn from the white house. now that official word has not come down, so we don't know officially yet that puzder has dropped out but we are hearing
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our manu raju joins us now from the hill with more.z of capitol hill this morning. what are you hearing? >> reporter: sorry, lost you there, poppy. >> manu, i was just asking you, what are you hearing? we're turning around the sound you had with john mccain, we'll play that for viewers in just a moment. what's the overall reaction on capitol hill to this story? >> reporter: there's a lot of concern, not just from democrats who you would expect to be concerned and very critical about how the trump campaign appeared to have had contacts with russian officials during the campaign, but also from republicans as well. we had a chance to talk to a number of them, not just senator mccain but also senator marco rubio, senator cory gardner, two republicans who sit on the foreign relations committee which is meeting right now in the room right next to me, saying that there is a desire or need to get to the bottom of exactly what happened. marco rubio of course is actually having dinner with donald trump tonight, but he says that everything that t
our manu raju joins us now from the hill with more.z of capitol hill this morning. what are you hearing? >> reporter: sorry, lost you there, poppy. >> manu, i was just asking you, what are you hearing? we're turning around the sound you had with john mccain, we'll play that for viewers in just a moment. what's the overall reaction on capitol hill to this story? >> reporter: there's a lot of concern, not just from democrats who you would expect to be concerned and very critical...
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Feb 8, 2017
02/17
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cnn senior congressional reporter manu raju joins me from washington hill.anu, senator warren addressed her comments even though the colleagues read the same letter on the senate floor today ? >> that's right. republicans did not object when the colleagues read that letter. i also had a chance to talk to senator warren who defended her decision to move forward with her arguments last night, even as she was warned repeatedly not to make those remarks. in particular, one line had infuriated republicans, a line from coretta scott kings letter jeff sessions used his office to intimidate and frighten elderly black voters. i asked warren specifically do you think as attorney general session would also frighten and intimidate elderly black voters. she said yes. all this, jake, is renewing talk of her possibly being a candidate for 2020. i asked her about that as well. take a listen. what do you think some of your critics would think you are doing this to help position yourself for a possible run in 2020? >> i say i'm doing my job. >> is that something, though, you'
cnn senior congressional reporter manu raju joins me from washington hill.anu, senator warren addressed her comments even though the colleagues read the same letter on the senate floor today ? >> that's right. republicans did not object when the colleagues read that letter. i also had a chance to talk to senator warren who defended her decision to move forward with her arguments last night, even as she was warned repeatedly not to make those remarks. in particular, one line had infuriated...
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Feb 9, 2017
02/17
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manu, you're up on capitol hill right now. the confirmation battle for the labor secretary nominee andrew puzder is heating up dramatically. listen to what the senate democratic leader, the minority leader chuck schumer said just a little while ago. >> everything in his career is antitheical to the goals of the department of labor. they ought to withdraw puzder's nominee before he further embarrasses this administration and further exposes the hypocrisy of president trump in saying one thing to the workers of america and then doing another. >> so manu, how is all this playing out on capitol hill? >> wolf, i can tell you top republicans are telling me they expect this nomination perhaps to be the toughest of any of donald trump's nominees so far. and no small part because a lot of these same republican senators who took a beating from supporting betsy devos as education secretary now have to turn around and do the same thing for andrew puzder. puzder is going through that same committee. he'll have a hearing next week before th
manu, you're up on capitol hill right now. the confirmation battle for the labor secretary nominee andrew puzder is heating up dramatically. listen to what the senate democratic leader, the minority leader chuck schumer said just a little while ago. >> everything in his career is antitheical to the goals of the department of labor. they ought to withdraw puzder's nominee before he further embarrasses this administration and further exposes the hypocrisy of president trump in saying one...
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Feb 16, 2017
02/17
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let's break it down with our brianna keilar and manu raj new.u, it's been a tough road for mulvaney, it looks like he's going to get the votes but he doesn't have the support of big name republicans including senator john mccain. >> reporter: that's absolutely right, john mccain actually coming out yesterday forcefully opposing mulvaney because of his views, mulvaney's views on defense spending, because mulvaney was a conservative member of the house freedom caucus that was very aggressive in opposing big military budgets, trying to cut that spending, and mccain being a defense hawk, is trying to boost funding for the pentagon. so this is a big flashpoint, something that led to a very testy exchange between mccain and mulvaney at the confirmation hearings just last month. mccain voted no. but at this point, poppy and john, we're not getting any indication if there are any other republicans who are going to flip. there was one, thad cochran of mississippi, who raised some significant concerns in private. but we are told that those concerns have b
let's break it down with our brianna keilar and manu raj new.u, it's been a tough road for mulvaney, it looks like he's going to get the votes but he doesn't have the support of big name republicans including senator john mccain. >> reporter: that's absolutely right, john mccain actually coming out yesterday forcefully opposing mulvaney because of his views, mulvaney's views on defense spending, because mulvaney was a conservative member of the house freedom caucus that was very...
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Feb 1, 2017
02/17
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what's the very latest up there, manu? >> wolf, tonight democrats are splitting along idea logical lines over how hard to fight the gorsuch nomination. liberals are pushing very hard to fight tooth and nail and to filibuster this nomination, while moderates are reserving their judgment right now and they are hoping to pickup eight democrats to break a likely democratic filibuster. as president donald trump's choice for supreme court made the rounds on capitol hill, senate democrats were struggling with this key question. how hard should they fight the selection of judge neil gorsuch to serve on the high court? trump warning his party may try to cut out democrats all together if they filibuster his nominee, urging senate majority leader mitch mcconnell to invoke the so-called nuclear option to allow just 51 republicans to confirm gorsuch rather than the 60 votes required now. >> i would say if you can, mitch, go nuclear. because that would be a absolute shame if a man of this quality was caught up in the web. so, i would sa
what's the very latest up there, manu? >> wolf, tonight democrats are splitting along idea logical lines over how hard to fight the gorsuch nomination. liberals are pushing very hard to fight tooth and nail and to filibuster this nomination, while moderates are reserving their judgment right now and they are hoping to pickup eight democrats to break a likely democratic filibuster. as president donald trump's choice for supreme court made the rounds on capitol hill, senate democrats were...
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Feb 3, 2017
02/17
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♪ manus: welcome. you are watching bloomberg markets. this is the european open. am guy johnson in london. matt miller over in berlin. what are we watching this friday morning? dodd-frank. residents trump is ordering a review of the wall street reform. will congress back any change? we will talk about producer he role changes as well. the changes out of washington. is the boj -- boj moving yields? they seek to control the curve, but has it been a success or has it sewn more confusion? we talk about that in the program. european leaders discuss trans-atlantic duration -- relations in malta. matt: that will be an incredibly interesting must watch interview. justin about an hour time. see very little change to equity index futures. orlly, no change in london here in frankfurt. in paris, you see a little gain about 1/10 of 1%. some really interesting moves today and i think the news is driving yield markets. guy: have you got the bunds up? response to the news we had out a little earlier. and fundo dodd-frank management. we will talk about that, is it a good thing, a
♪ manus: welcome. you are watching bloomberg markets. this is the european open. am guy johnson in london. matt miller over in berlin. what are we watching this friday morning? dodd-frank. residents trump is ordering a review of the wall street reform. will congress back any change? we will talk about producer he role changes as well. the changes out of washington. is the boj -- boj moving yields? they seek to control the curve, but has it been a success or has it sewn more confusion? we talk...
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Feb 17, 2017
02/17
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manu raju joins me with more. you've been talking to members of congress, manu.as their reaction to some of the things the president said today? >> reporter: well, it was a really a range of reactions from people who were shocked by the meandering nature of that press conference to pushback to some of the things that donald trump said. even pushback from some republicans, particularly on the issue of russia and his dismissing -- dismissal of russia, and saying he did not know or he was not aware of anyone in his campaign who had contacts with russian officials during the campaign. a lot of republicans i talked to said, that's not going to stop congress from digging into this and trying to get to the bottom of exactly what happened. but also, aeshnderson, on some other issues, such as donald trump's contention that his travel ban was rolled out, quote, smoothly and perfectly. i talked to senator rob portman about that. here's what he said. >> he also said the rollout of the travel ban was, quote, perfect and very smooth. did you find it to be perfect and smooth? >
manu raju joins me with more. you've been talking to members of congress, manu.as their reaction to some of the things the president said today? >> reporter: well, it was a really a range of reactions from people who were shocked by the meandering nature of that press conference to pushback to some of the things that donald trump said. even pushback from some republicans, particularly on the issue of russia and his dismissing -- dismissal of russia, and saying he did not know or he was...