manus: and i'm manus cranny, live in dubai. these are today's top stories. apple costs suggests stabilization and life beyond the iphone, but chinese sales funds. -- plunge. investors weigh clarity from jay powell. u.s. futures point higher ahead of the rate decision. and theresa may seeks talks after parliament rips apart her divorce agreement. the eu says the deal is not open for negotiation. we are live from westminster and brussels. manus: warm welcome to "daybreak: europe." 's net sales expected to grow midst single digits. .hat is the guidance fourth-quarter earnings per share misses estimates. about 25 on the earnings pressure, below the market extra of about -- below the market estimate of about 26. income, ites to net is a miss. they have missed on net income and earnings per share. market holds it at $2.90 billion. and the guidance in terms of 2019, core operating income will grow mid to high single digits. a third of the revenue comes from the united states of america. the ceo has already cautioned on in the shift in u.s. drug pricing shakeup by t

manus: good morning from bloomberg's middle east headquarters in dubai. i am manus cranny. day one of 2019. these are today's top stories. janus challenges, falls below 50 for the first time in a year and a half. country tourges the whether the slowdown in his new year's speech. let's make a deal, president trump calls for a meeting of top congressional leaders, suggesting he is open to a deal to end the shutdown. president warns about the countries piling debt. markets will react to the market today. warm welcome to daybreak. day one, ground zero for your trading in 2019. is a less than auspicious start. let me show you how fraught it is, from equities to currencies, you have the official pmi's and private manufacturing data in contraction in china. that is knocking the msci asia-pacific, the worst start to the trade year since 2016. aussie dollar is ground zero for the trade data. since 2016. you are looking at the market flipping around. we went from a rate hike in november, down to a cut in australia. the translation of this into the crude market, the very epicenter . i

manus? manus: yeah, it is. if you look at the underbelly in the data of china, maybe not as tortured as we think. you've got the hang seng in the high. wti there having shale slowdown. cable, flat as a pancake. we need to find out what plan b is. we've been rising for week six of agreeing on the scene for cable. we'll find out what plan b is later on. in regards to that data, good or bad news for the global equity markets. join the debate with id plus tv on your bloomberg. let's get bloomberg business flash. annabel: thanks. italy's communications regulator turned down telecom italia's plan to separate it's in line record .china's economy slows to of -- analysts estimated the value of the network at 15 billion euros. the model three across europe. deliveries are expected to start next month. europe is priority for elon musk, twice as large as the u.s. he cited sales in europe and china as the main reason he isn't concerned about a potential setback in the u.s. following tax credits of electric cars at the

manus: i'm in dubai.'s give you a quick snapshot of how the markets are performing this evening -- morning. asian equities are a little bit lighter. coming off a six week high. the yuan is moving lighter as well on the injection of capital, the most ever into the money markets as we go to the dollar-yen. you have seen the dollar drop, yen strengthen slightly. nejra? yeah, interesting looking at the currencies in general. cable has been holding pretty well, not doing a lot in today's session, barely budging. the same story over two days, even though you saw a lot of volatility. valentin is with us. he says perhaps that stability is because the market is expecting article 50 to be extended. futures going nowhere, but s&p futures pointing higher to another day of gains, 1% gain on the benchmark. debra mao in hong kong. onra: reversed course selling as the bank' next ceos after standoff of tens of millions of dollars in deferred pay. the unit until recently with the swiss bank holding a hard-line that he woul

manus. manus: thank you very much.e returned to davos for more top minds in business. ♪ in asia soft session today. the msci asia-pacific index off by .3%, perhaps taking its cue from the u.s. session yesterday as concerns around trade world. we saw the semiconductor stocks hit as well. great that we got these numbers through from asml today. we will be speaking with the ceo later. a great opportunity to talk. the biggest of the them of the issues with asml's customers, not least the smc -- not least tsmc. erik: we will see if that ties back to the ceo's statement. they responded to slowing demand in there and markets by delaying some of the deliveries. which of the markets onto under pressure and how late in the cycle did that delay come? that will be one of the questions. nejra: absolutely. a real reflection of cyclicality in asml and the slowing smartphone market. what parts of their business might offset that potentially? conversation to have. lots to discuss with the asml ceo. manus: we will certainly get his take

manus: and on manus cranny, live from abu dhabi. this is bloomberg "daybreak: europe." nejra: market suggests patients but not pessimism. we chinese data overshadow straight talk progress in the dovish fed. theresa may second defeat in two days. opposition leader jeremy corbyn says he will call for a general election if your deal flounders. ♪ manus: a warm welcome to "daybreak: europe." i manus cranny in abu dhabi. notthing that is perhaps sustainable, the rally in the dollar. is it the king is dead, long live the king? that is the mood of the market, the dollar is falling over. dollar,picture for the and hsbc says this is the least ugly contest and have a look at the yuan, it is strengthening. a five-month high, what else is going to come? you will see that debate in the dollar you one. and then oil, it is taking a little bit of a breather. it's going to be an interesting weekend. add to the momentum in the oil market, opec plus will not let stockpiles exceed normal levels. give a little bit act and then rally 23%. good morning, how are you? nejra: great to see you in

optimism in the equity markets, manus. manus:. . manus -- here is a mliv question of the day.uld it mean for the fed if there was a trade deal? how many hikes would there be from the fed if there was a trade deal? you can reach an era, myself or the team on gtv go. let's get the business flash headlines with debra mao in hong kong. >> hsbc has revealed that the gender pay gap for u.k. employees widened last year. female staff earned on average 51% less than their male colleagues. the difference was already the biggest in banking. across all industries, the u.k. danger -- the u.k. gender pay gap is high. authorities said they will make the appropriate adjustments where necessary. deutsche bank may cut its bonus will as it juggles rising costs with retaining key staff. we are told that bonuses will be paid more selectively to keep top earners on board. the final figures could change depending on the banks fourth-quarter results. deutsche bank paid about $2.5 billion in bonuses in 2017. complaints are rising that users of sums him songs smartphones -- some samsung mark phones are

manus. manus: thank you very much. let's get more on the apple story. citing weakness in the chinese economy as a key reason for revenue decrease. while we anticipated some of the challenges, we did not foresee the magnitude, particularly in greater china. trading was temporarily suspended. we have our opinion tech columnist. good to see you this morning. what is the significance of apple slashing its forecast? is a truth and reconciliation moment? should they have told the market sooner? >> certainly they could have primed investors. they have been putting their head down in the sand saying everything is going to be fine. it has not been. we have known at some stage the was going to be a big correction in iphone sales. the recognition they really are slowing. what apple has managed to do is tighten the ratchet on getting higher prices for iphones, generating more on sales from services, and hoping that in the meantime they will get a sales burst from india, perhaps, or they might be able to hold out until 2020, 2021, when they start to come to market w

manus: yes.you look at global wealth management pretax profit, it was just a small miss on what management in the fourth quarter -- wealth management in the fourth quarter. they made $30 million. -- the length we are going to stash we certainly are going to -- we certainly are going to keep an eye on that. ficc is where the americans have had trouble in terms of. bad volatility. . ficc does not look that bad compared to u.s. peers, pretax profit of $26 million. manus, we are getting some of the commentary through saying the challenge markets affected. the tliv blog is a great one. here is some of the commentary. particularly some of the activity in global wealth management we should look as some of the concern, because the end of the year and star of the new year is when you get a lot of those inflows. will bey a lot of eyes focusing on that 12.8 billion outflow number. coming up, we speak to sergio ermotti, the ceo of ubs in zurich. let's go live to davos for the world economic forum. haslinda,

reach out to myself and manus. manus: and those problems are mounting, aren't they? any ceop next, the speaks to bloomberg. win a stake in the abu dhabi refinery business. that conversation up next. ♪ nejra: this is "bloomberg daybreak: europe." covering the world's future energy summit. let's get your business flash. >> thanks, manus. -- the ceo of pg&e has quit as the company faces possible bankruptcy. williams became ceo in 2017 and believes the company with two thirds of its market value wiped out. pg&e's debt has been downgraded to junk. investors are continuing to pull money from bill gross's bond fund. the fund suffered about $16 million redemptions in december. outflows saw the funds value drop. four -- the ford ceo says he is -- with the way things are going at the automaker who took charge with. he is not happy with performance after months of talks on developing battery-powered vehicles. is on the verge of alliance with volkswagen. itthe economy has signaled will create uneasiness. say not think the markers we are going into that kind of recession right no

manus: i am manus cranny in dubai. these are today's top stories. leads --y powell leaves expectations for a rate hike hanging and signals flex ability on the down sheet. mark to ask and optimism on trade, talks between beijing and washington for a second day. can a deal be reached? a socialrs stick with network through a series of privacy scandals. the company is determined to earn back trust. manus: a dividend of 8.7. if you are a rauch's shoot -- roush shareholder. bio-similarson in to the blockbusters they have under pressure. let's get you through the rest of the numbers. you have full-year net profit of 10.7 8 billion in terms of the numbers for the full year. the core operating profit 21.5, that is below estimate. this is what we want to give an eye on, 56.85, the market penciled in 64.48. a beat for them. they have challenges on their breast cancer drug along with the immune -- autoimmune. are earnings-per-share 18.1 beat on the estimate of 17.8. significant beat on core earnings-per-share and the guidance is to grow broadly in line. you wil

manus: that is sultan al jaber.e in our exclusive conversations, including guess who is back in town? he joins me for an exclusive conversation. you know what to do. i know you don't want to leave, but you do have bloomberg radio. . >> asia is running other show. when we look at oil, asia is really coming up with the right news. therefore, we have to look into the gdp numbers. china, especially, people are thinking 6% growth is really a small number. in europe, we have not seen that. omvs: that was the ceo of up in abu dhabi. we talked about china and asia running the show and the oil price at taking a break. what i found fascinating and he reminded me, sometimes he loses me, the slowdown in italy, the slow down in europe is palatable and important. nejra: yeah. when you look ahead to mario draghi's speech and emphasize friday, and at the march meeting, when they give their forecast, it allows them to make the language a little less dovish. it is a role balancing act that the fed chair will have to make. fors a big

manus? nejra: -- manus: juliette saly, thank you very much. the latest on the markets.his takes us to our mliv question of the day. what do investors need from a trade deal? is it about intellectual property? what is it that you will benchmark as you look at the deal? the team at mliv, myself and nejra will join in that debate. annabelle has your first word news from hong kong. trump willpresident deliver a primetime televised address today. all the major networks as well as fox news and cnn say they plan to air the speech, which comes as trump battles democrats over his proposed border wall. the fight over while funding has seen a partial u.s. government shutdown that shoul -- soon could become the longest in history. democrats have demanded tv networks provide them time for a response. prime minister theresa may is said to consider a proposal watering down her threat to crash britain out of the european union without a deal. the plan by a group of lawmakers is intended to limit tax raising powers in the event of a no deal split. yesterday saw the u.k. stage a mockup o

this is bloomberg. ♪ manus: welcome back. who isforeign minister also the deputy prime minister and chairman of the qatar investor authority, spoke exclusive to bloomberg in davos. on the blockade of qatar now, qatar remained open while --ckading states are still from time to time and they , even theany movement less gcc summit. we were expecting some breakthrough might happen. others are just carrying on with its own desk qatar is just carrying on with its own national agenda. >> can you initiate anything? >> normally, for any crisis resolution, you need both parties of the crisis to engage. to engage in good faith since the beginning of the blockade. unfortunately, the blockading states were not ready to act reasonably. even they were not ready to engageeven they were not ready o engage positively with the mediators, which is the mayor of kuwait and other friendly nations. haslinda: given the circumstances, is it likely you will choose closer ties with the likes of iran and turkey? >> there is an alternative for the gcc. we

manus: we hear from fed chairs past and present this week. ben bernanke and janet yellen interview jay powell on friday. market seem to be rooting on a hike in 2019. are they correct? >> president trump calls a meeting of top congressional leaders after suggesting he is open to a deal to end the shutdown. president brazil's sworn in, can he deliver on his pledge to end the country's economic malaise? manus: it is 8:00 a.m. across the emirates. this is bloomberg daybreak middle east. tracy: i'm tracy alloway in hong kong. asian investors are hoping for better portions in 2019, less to say they might have to wait until the chinese new year starts in february. the hang seng index down more than 2% in hong kong, off the back of some very down factory numbers that with had out from across asia. fall sochina showing a confirming the contraction we saw in the official figure over the weekend, taiwan's pmi falling to 47.7 in december. we had malaysia's figure falling to 46.8, the worst figure since the series began. trade tensions clearly starting to

manus: a very good morning to you. it's manus in dubai.run our numbers at bloomberg intelligence, and they suggest another trickle. they look at the excessive reserve ratio. that's how much extra capital the banks have got to put aside. would say they need to reduce the err again. we just had a move a couple of weeks ago. laura: i think they will be on hold for now, just until we see what is coming out of the trade tensions. it's a little bit premature at this stage for them to embark on further stimulative measures. i certainly would say it remains on the table. it's likely we will see something later this year. that's likely more reflective of the growth story in china. they are really turned to stimulate that growth and continued this expansion, and less about the trade impact at this stage i would say. nejra: a lot of people have pointed to the fact that the stability and strength of the yuan has recently been helping risk appetite globally. let's talk about brexit. you are not seeing a huge move in cable or the past three days, at lea

manus: i'm manus cranny in dubai.'s get back to the slopes of davos where francine lacqua is standing by with a guest. chief joined by the executive and he has a good idea of what's going on in the employment markets for the biggest companies when it comes to temporary employment. it is interesting to speak to him to look at where he sees. exactly where we see the biggest growth and opportunities. thank you so much for joining us this morning. the world economy. are you worried about it? is it having an impact on your industry? >> we are related to the cycle and we see that currently in the u.s.. the business is still going very well. also in asia and where we see the more worries is europe, where the geopolitical situation has impact on the business overall. >> what are you seeing as the fault line? is it certain industries that require your services hiring less? is it country by country? >> it is more country by country. for sure, automotive and europe has had trouble. admissions policies in germany with a lot of im

manus: and i am manus cranny in abu dhabi.et us take a snapshot of the markets. strengtheninguan again as the authorities turn on the fiscal taps and dollar-yen is doing slightly better. slow loser against the dollar and the g10 currencies. foot, cable on the front leading the g10 currencies ahead of the crucial vote for theresa may. the margin of defeat is what we are watching. bit of a, we saw a wobble in the risk rally. pointingks futures higher. today, we are asking the question -- looking at global markets, and looking at brexit and whether a brexit delay would be good or bad or u.k. assets. you can reach out to the team on your bloomberg. let us get the bloomberg business flash from hong kong. citigroup has offered some hope that the worst is over for its bond trading business after the tough as quarter for that unit in seven years. shares jumped the most in the s&p 500. the cfos said the trading environment was starting to improve this month. earlier, citigroup reported a 21% plunge. the mp para bought is said to be pla

>> thanks, manus. u.s.fficials have arrived in beijing for face-to-face trade negotiations beginning today. it is the first formal meeting since president trump and xi a graduate tariff truce. both face a resumption of they don't strike a deal. chinese media reports that they could hold talks with chinese bank president later in davos. theresa may has stepped up the battle to persuade the u.k. parliament to back her brexit deal, warning that the country will be in uncharted territory of the plan gets voted down. the u.k. prime minister says she will give parliament a bigger say over any future trade deal, and will seek fresh assurances from the eu. meanwhile, more than 200 lawmakers from both parties have called on her to roll out a no deal brexit, saying it would threaten voters livelihoods. >> if the deal is not voted on, then we are going to be in uncharted territory. i don't think anybody can say exactly what will happen. >> an unprecedented move, the king of malaysia has abdicated. he is stepping down

manu, the floor is yours. >> reporter: yeah. democrat who did just talk to democrats and republicans i believe on the house -- on the senate floor. tell me what happened when you went on the floor, did you interact with any members and what was the message you tried to send? >> for many of us, our whole goal was to say on the house side, we have now voted 11 times to fund the government to get people their paychecks for the work that many of them are doing and for others to get them back to work for i think it is so clear to us it is an economic issue and national security issue. and so the house has voted time and time again every time our bills have passed with bipartisan support and i think we want it to be over on the senate side and show them it's your turn, it's your turn to continue this. >> reporter: did you interact with any senator on the floor just now? >> i did. >> reporter: any republicans? >> i did not. they had us seated in a specific place so a number of the senators who recognized us who are from our home delega

. >> as we have been talking, manu is on capitol hill. i hear you have new reporting. >> steven lynch, a stone yoenior of the oversight committee. he said he expects elijah cummings to issue a subpoena for michael cohen's testimony before he does head to jail. according to steven lynch, he said he has spoken with cummings and the overwhelming consensus among members of the committee is cohen should be subpoenaed. he said that lynch said that cummings was still having discussions about the way forward and was aware of the concerns about michael cohen's security threats to his family and the concerns that he's been raising, but still they do want to hear from him so they plan to expect to perhaps some effort to try to compel michael cohen to testify in public. what does he do at that point? does he fight that? not comply with that? he's going to jail. he doesn't niece nestly need to listen to that subpoena. perhaps he maybe will decide to come forward. we just don't know that yet. now elijah cummings himself left the house floor. reporters

manu: in a witness protection program. yeah, no, he's taken the view this is between the president and the democrats and have foresworn the role he took in prior shutdowns of being the guy eayou cut the with and i think that's probably a stance he can't afford much longer, particularly if the emergency declaration scenario is not onle the t so it takes everybody off the hook. if they ctinue to be dug in in this position, i think mitch mcconnell has to step forward but the interesng question is, does he step forward and start to speak political reality to the president. he might be one of the few ouople in washington who do that. robert: are you seeing cracks in the g.o.p., pl, as this heads into its fourth week? phil: wsaw them emerge the middle of this week. we heard are senator gardener of colorado, senator collins from maine, republican senators who are in vulnerable positions coming into re-elections, start to say reon the government, let's get on with this. you saw possibilities of cracks amonca house repub, as well.

manu: i think the assumption it would. president trump believes it woul he said he would expect a negative ruling in the famous ninth circuit, his bogey man in the courts, that he would be challenged in the lower court d probably held up and then it would work its way through the process sd lead to thist of epic showdown at the stroke but he feels confident that he's now named some justices to that cour that might be inclined to look broadly at executiveiv ege and prerogatives in brett kavanaugh and neil gorsuch so perhaps he figures it's ari he's willing to take because he feels relatively good about the supreme court he would fa. that said, it's an unpredictable process but fundamentally think from the president's point of view is do you want to the have a long legal battle that will allow you to reopen the government and in essence remove this crisis from theveay-to-day li of 800,000 federal workers and into the slightly more rarefied precinct of the courts. that might be a good option not only for the president, it wou

manu? >> nia, democrats in the house want to give the mueller investigation a shot in the arm.ouse intelligence committee, the chairman adam schiff plans in the coming days to have a vote to send the transcripts from all the witness interviews in the russia investigation to the mueller team. they believe several witnesses have misled their committee and they want the mueller team to look into it. roger stone's transcript has already been sent over but we expect the rest of them to happen in the coming days. that's hardly the only thing that committee and others on capitol hill plan to investigate. money laundering a big focus of adam schiff's. they are looking into money laundering. that's a focus he wants to look into. jerry nadler told me last week that matt whitaker is going to come forward as soon as this month. a subpoena is possible if they don't agree on a date because they want to hear about why he hasn't recused himself in overseeing the mueller investigation. his views of the mueller investigation. and on the senate side, a move taken by democrats last week to try to

so you have some new reaction from lawmakers, manu. what are they saying? >> reporter: first, elijah cummins explaining this decision. he said this is part of their efforts to oversee the trump administration. he said they're trying to restore accountability and transparency when it comes to looking into the executive branch. they're also announcing other hearings involving prescription drugs. he said that about the cohen hearing, he said i thank michael cohen for agreeing to testify voluntarily. i want to make clear we have no interest in inappropriately interfering with any ongoing criminal investigations and to that end, we are in the process of consulting with special counsel mueller's office so the committee will announce additional information in the coming weeks. they have some issues they want to try to resolve to not step on the mueller investigation any which way. there have been several committees that have wanted to interview michael cohen, senate intelligence committee, the chairman of that committee just told me yesterday they have been waitin

. >> manu, thank you. the first appearance on capitol hill for what was billed as a briefing. it was not in the sense he took no questions. instead, the president congratulated pelosi for her tremendous achievement and spoke about infrastructure as an area of common ground. the president spend the rest of the appearance talking about the border wall and i.c.e. officials. >> i have never had so much support as i have in the last week over my stance for border security. thank you all very much. i appreciate it. thank you. >> newly emboldened democratic

christine and dave, this could be going on for some time. >> manu, thank you. the first appearance on capitol hill for what was billed as a briefing. it was not in the sense he took no questions. instead, the president congratulated pelosi for her tremendous achievement and spoke about infrastructure as an area of common ground. the president spend the rest of the appearance talking about the border wall and i.c.e. officials. >> i have never had so much support as i have in the last week over my stance for border security. thank you all very much. i appreciate it. thank you. >> newly emboldened democratic lawmakers wasting no time going after the president. jerry nadler reintroducing a bill barring the president from firing robert mueller from anything short of misconduct or other good cause. senator ron widen introducing a measure to have nominees to introduce their tax returns to the public. and the representative of california introducing articles of impeachment on day one of the new congress. >>> democrats passed a package of rules on the way the house cond

but manu tuilagi is back in the england team for their opening match of this year's tournament againstn great physical neck. i have never seen him in such good physical neck, and he can fit the bill first. also coming up on the programme: wigan begin the defence of their super league title on minus two points. and the temperature at st helens tonight might not be much more. hello again. welcome to sportsday on transfer deadline day. we'll bring you what's happened. what might be to come... and an assessment of why the blockbuster moves might have been thin on the ground... so far. european football expert guillem balague is with me in the studio... hello guillem. we'll come to you in a moment. but first... let's head out into the bbc sport centre and the bbc‘s senior football reporter ian dennis. ian what's been making your phone ring today... 7 forget the hype. it has been an extremely quiet day. the phone has not been ringing a great deal, but in terms of the big deals, newcastle united has finally splashed the cash. 0ur moran has come from atla nta. cash. 0ur moran has come from atl

christine and dave, this could be going on for some time. >> manu, thank you. president trump showed up in the white house briefing room yesterday. his first official appearance there. don't call it a briefing. he arrived on short notice. it was a two--minute warning. he took no questions. it was a photo op, really. he congratulated speaker nancy pelosi on her tremendous, tremendous achievement. he spoke about infrastructure as an area of common ground with the democrats. he spent the rest of the appearance pushing for his border wall backed by officials from border patrol and i.c.e. unions. >> i have never had so much support as i have in the last week. over my stance for border security. thank you all very much. i appreciate it. thank you. >> not reeling really a briefing. >> two to break with him. they want to reopen the government and end the partial government shutdown. now both are up for re-election. proper context. some breaking. >>> newly emboldened democratic lawmakers wasting no time going after the president. jerry nadler reintroducing a bill barrin

manu, thanks to you as well. the special counsel, robert mueller, has released details about evidence seized from trump ally roger stone, including computers, phones and data they contain. shimon prokupecz is here with us. it's described as voluminous and complex. how damaging could this be? >> it's hugely damaging for roger stone. when this arrest occurred on february, the fbi was searching three locations. they were at his house for hours. now we're getting an idea of some of the things that they found and some of the information that they have already obtained through search warrants and other measures. you have cell phones, e-mail accounts, and they say there are a lot of documents that they need to go through and it's going to take some time to hand this over to the defense attorneys. one thing i found interesting is they also have bank and financial records. roger stone is not accused of breaking any laws at this point involving bank offer financial records. it's not entirely clear why the fbi or special co

. >> cnn senior international congressional spont manu raju, who knows what, manu raju is on capitol hill. manu, you know, listening to the president in its entirety earlier this afternoon, it seems like he doesn't think anything will come from these current negotiations, sort of drawing the line in the sand come february 15th. how do you think folks on capitol hill will feel? >> reporter: it's a clear sign that what nancy pelosi's position is that there's no funding for the wall is likely. what will happen here, especially since the president seemed resigned to that fact and also seems to be moving in the direction of declaring a national emergency and moving that road to see if he can build his wall, but republicans are reacting with some caution, including the top republican who's involved in the negotiations on the senate side, richard shelby. i just caught up with him and asked him specifically about this. he's holding out hope that there could still be some money for the wall. >> we ought to seriously negotiate protecting the border, including some money for the wall and so for

let's start with our white house correspondent kaitlan collins and manu raju getting reaction on capitol hill. starting with you, katelyn, does the president have the authority to do this? >> reporter: yeah, he does, actually. he's the commander-in-chief. he's in control of the military aircraft and that's why you see in that letter where the president says i invite you to fly commercial. that's inviting her to fly commercial into a war zone. what this really is largely indicative of is where we stand on these shutdown negotiations. the government's been closed for 27 days now and if you thought we were any closer to reopening the government, the two key people who are going to be the decision makers to reopen the government are donald trump and nancy pelosi. nancy pelosi sent the president a letter this week suggesting he cancel his state of the union address and the president after a very uncharacteristic period of silence from the white house responded by inviting her to fly commercial into a war zone. that really lays out where we are right now as far as where -- how these negotiatio

manu raju is live for us now on capitol hill. manu, good evening to you. the president has vowed to veto tonight's democratic-led house spending bills. explain to us what's going on. what happens next? >> reporter: yeah, two bills passed the house that would reopen roughly a quarter of the government that has been shuttered since right before christmas amid the standoff over billions of dollars that the president is demanding to fund the wall along the southern border with mexico. the first bill passed by 239-192 votes. five republicans joining with all the democrats who were present in pushing it through. that bill would keep -- reopen the department of homeland security until february 8th. and that bill would punt also on the issue of the border wall money. that sounds familiar, don, because that was passed by the senate, the republican-led senate right before christmas almost unanimously, by a voice vote. because at the time the majority leader mitch mcconnell thought the president was going to sign that into law. but the president changed his mind. he

you have plenty lines up there, manus. >> we have, indeed.k at the price of oil, back above $60 per barrel. we have two huge voices calling that the market is going to bottom, and we will hear from both of them. the bears seem to have cleared out of the way, slashing their short bets. this is the lineup we have for you today. with with thenterview ceo to dealing with adnoc. we also hear from the oman energy minister, and i will be joined live by the uae energy minister in his first interview of the day. car,ter, if you are in the please get here on car, please get here on time. >> absolutely. the drop in energy rattled the close of the s&p 500 on friday. you saw some of the key moves and asset classes around the world, mounting concerns about the ongoing government shutdown, balancing out the strength we saw in carmakers following optimistic earnings forecasts from general motors. one of the best g10 performers is mounting speculation that brexit will be postponed, cable looking at its fourth straight week of gains, the best run in nearly a y

let's get to manu raju on capitol hill with the latest.democrats whip in the house, james clapper said on "new day" that a deal is close with republicans. are you hearing that? >> no, not at all. in fact, people view it as completely opposite. things are dug in on both sides and the speech did very little to change the dynamic on capitol hill with democrat leaders are not going anywhere near the president's request for the border wall and the democrats in the house are starting to take action to reopen individual agencies of this government not tied to this border fight today. the house was going to pass a bill to reopen the treasury department along with the irs in an effort to try to pressure senate republicans to move forward on that as well but the majority leader in the senate is opposed and says we won't move forward on legislation that doesn't have president trump's support. however a number of republicans on the senate side are expressing growing concerns about this shutdown, believing in the long run if this continues to play out

manu, tell us what happened here. >> yes.ate republicans blocked a democratic-led effort to reimpose sanctions on companies linked to a russian oligarch oleg. since then he has worked behind the scenes with the treasury republicans to restructure his shares with the firm and in december the treasury department decided not to move forward and they tried to ensure those sanctions stayed in place and push for a vote that just occurred on the senate floor to prevent the treasury department on easing those sanctions. in a vote that was 57 to 42, meaning they fell three votes shy of the 60 that they needed to break a fill buster and move forward on this effort. 11 republicans, because of their concerns about deripaska's concerns that he may get wealthier from this deal and nevertheless, the trump administration shored up republican support to try to kill this effort and still, brianna, watch for the house de democrats democrats to move on this. >> manu raju on capitol hill for that, thank you and with the 2020 race on the way there

. >> cnn's manu raju live on capitol hill.u, are these show votes or important votes even though we don't expect either plan to pass? >> we don't expect either to pass. the question is what happens after they likely fail? the president's proposal has no chance of passing. that has virtually no democratic support, maybe one, maybe two democrats will support it and certainly not enough to overcome 60 votes and republicans plan to block or believe that they have enough votes to prevent the democratic plan, the one that passed the house to re-open the government up until early february. they believe that they will be able to prevent that. of course, he was going to oppose that plan for preceding 13 republicans would need an effect to overcome that moving forward. the question is what happens afterwards. nancy pelosi had a closed-door meeting with her democratic colleagues this morning and told her members, stick together. stick to the plan, the plan being push the white house to re-open the government first and then let's talk aft

manu raju on capitol hill. let's talk about all of this with democratic senator richard blumenthal, serves on the judiciary and armed services committee. senator, thanks so much for coming in. >> thank you. >> i want to get your reaction first to "the new york times" reporting that the fbi actually opened up an investigation after the president fired comey, whether or not the president of the united states was working on behalf of russia. then the "washington post" revealed that the president went to these truly unusual steps of trying to confiscate the notes of the interpreter. preventing the interpreter from speaking with other american officials. what's your reaction to this? >> these revelations are absolutely stomach churning. i'm almost at a loss for words when you think of how extraordinary it is that the fbi was investigating the president of the united states for a possible threat to our national security in working for the russians, and remember, wolf, as you know, the fbi can't simply open an investi

let's go to our senior congressional correspondent manu raju, are either side feeling appreciate to backown? >> the leadership certainly is not, but impatience is growing on capitol hill about the shut down and about the fact there appears to be no end in sight. two republican senators up for reelection in 2020, cory gardner and susan collins, both have indicated they support reopening the government and continuing the discussion about border wall funding on a separate track. that's the same position that democrats in the house took yesterday, on the first day of the new congress, passing two pieces of legislation that would reopen the government, the shuttered agencies, and a separate one to open the department of homeland security until february 8th and punt on the issue of the border wall. now, on the house side, five republicans voted for the homeland security bill and seven republicans voted to open up the rest of the federal government. one of the republicans, pete king of new york, made it very clear to me it is time for the president and the democrats, but particularly the presid

. >>> first, live to capitol hill with manu raju. also, white house, caitlyn kin collins is covering the talks. we heard from the president on his search for a compromise. update our viewers on the latest. >> reporter: the president is now saying he is open to a deal if senator chuck schumer and senator mitch mcconnell can reach one, but only if it's reasonable. that comes after his press secretary issued a statement they would agree to a three-week short-term reopening of the government. here is how he explained it. >> one of the ideas suggested is they open it, they pay a prorated down payment for the wall, which i think people would agree you need. you need the wall. i see a lot of the democrats are almost -- almost all are saying, walls are good. walls are good. big difference from what you had two or three weeks ago. >> reporter: he says one of the things suggested -- he doesn't say this is his idea or that he is fully behind it. he says one of the things suggested is having a down payment for the wall. of course, you know, wolf

pamela brown and manu vaju. pamela, what are you learning about these calls?e investigators have obtained new information showing donald trump jr.'s mysterious phone calls ahead of that 2016 trump tower meeting were not with his father, according to three sources with knowledge of the matter talking to cnn. these are records provided to the senate intelligence committee that show the calls were between trump junior and two of his business associates and this is significant, jake, because this new information appears to contradict democrats' long-held suspicions that the blocked number was from then candidate donald trump and that that would show if it was true that he did have knowledge of the meeting at trump tower. so this information came to light recently, jake, and it could answer one of those key questions. as i said, over the meeting of trump's eldest son don junior had set up to get russian dirt on the clinton campaign. blocked numbers have been lingering issues as investigators have probed the meeting and whether trump himself had advanced knowledge t

>> such as whatever facts are relevant to the recusal. >> manu raju is "outfront."itol hill. look, barr obviously not forth coming in that front with kamala harr harris. and you know, look, he was not -- a lot of vagueness here, right? >> reporter: yeah, he's clearly not trying to box himself in, make any commitments that he would not be able to keep. and he has no desire to recuse himself from the russia investigation, making it very clear that jeff sessions' decision to recuse himself from the russia investigation, different than anything that bill barr would consider going forward, because sessions wo s involved in the campaign, that was a political decision. bill barr is not. democrats try to make the case that hse should be recused because of that memo he wrote last year raising concerns about the mueller investigation, the obstruction aspect of it. but throughout the day's hearing, bill barr time and time again said that was a narrow in scope memo, it only dealt with one small legal theory about the larger investigation. it did not mean that the full investiga

>> all right, manu, thank you very much. i want to go now to gloria borger, our chief political analyst. john dean, former nixon white house council during watergate, and berit berger, former prosecutor for the southern district of new york. gloria, trump says he is not worried about cohen's testimony. look, that is hard to believe. >> it is. it is hard to believe. michael cohen was a loyal trooper for donald trump, worked for him since 2006. and you know, my sources close to cohen say to me that this is a man who believes that his whole life has been turned upside down, because he had to lie, or he chose to lie, to protect donald trump. and as he said in that clip that you just showed, he said, i'm not going to be the villain in this story. and he is not. he intends to kind of reverse engineer his reputation here. and so we are going to hear a lot about the president and the question of whether he directed these payments to stormy daniels or karen mcdougal. and i also wouldn't be surprised if they ask questions, not directl

manu, i'll let you grab some more reaction. thank you so much for jumping up with us.et me get your perspective. i'm still back on jim acosta referring to washington as a playground. the only phrase that comes to mind is manny manny boo-boo. >> the wording in this is incredible to me because it is this kind of dumb tit for tat thing, but he calls -- first of all, i'm not sure he can postpone her trip, but let's just leave that aside. >> yeah. >> in light of the 800,000 great american workers not receiving pay, i'm sure you would agree that postponing this public relations event is appropriate. now, this is a president who went to iraq not too long ago. i don't know whether he would call that a public relations event but most of the members of congress -- in fact, all of the members of congress that i know who go to places like afghanistan, a, it's not announced publicly, b, sometimes we never find out about it. they can talk about it when they get back, but they go to places like afghanistan because they want on the ground information about what is exactly going on the

man manu raju is on capitol hill. the gang of 17 is coming together. can they do it on time. >> those are all the big questions. what we'll see at this house senate conference committee are these members making their opening pitches and it will be clear the divide between republicans and democrats about border security, about fencing about the wall about whether they can do anything bigger beyond funding for border security and immigration. i can tell you the senators, the house members the, the last couple days it's clear that there's not much expectation that they can do a bigger deal about immigration dealing with things such as dreamers and temporary protective status programs. those issues seem to be thornier. what's more likely is a narrower deal with funding levels and going up to the president's demands of $5.7 billion, both sides are skeptical they can get anywhere near that. more likely if anything in the range of $1.3 billion, $1.6 billion but the question is whether democrats will allow any of that as the president calls for steel barrier.

it's painstaking manual work cocoa farmer orlando's manu and his family remove the beans from the pods by hand they then laid out to dry for a week. ghana's cocoa industry is state controlled the government decides the national cocoa price every year right now it's around a dollar forty per kilo. in larger villages licensed buying companies manage the farmers out push. the harvest from around the region our pool together and packed it to sixty four kilos sacks. so this. close to where good news come from. so. the biggest. and the business not the country is. because of this number. but that system doesn't reveal the exact farm the projects comes from us in the capital our software company is working on ways to address the problem it uses g.p.s. to keep track of farmers and their production processes the data is saved on just smart cards and allows farmers to be paid digitally. for both. parties and. this is cut to the click so shy of the cut again the far details comes this one fifty. three. and they want that information is traffic. clinically be wired the money directly onto the car

manu, thank you. here with me in the studio to share their insights mallika henderson and tariqa with buzz feed and julie hirschfield davis. he will have to reassure democrats and not just republican, but this seems pretty well orchestrated to have a meeting with the new chairman of the committee lindsay graham who comes out and says bill barr can't take questions until he has the confirmation hearing. he doesn't think it's a witch hunt. thinks mueller will be fair with the president ask will not interfere with the investigation and the last part by manu, believes the report should be made public. all four of those points pretty big deal. >> think it's a very big deal. again, he's not necessarily bound by that and it will not ease the concern of democrats. this will most certainly be a partisan vote, but the fact that he is going to release it, i think that is probably the most important point and he's open to releasing it, but look, we still do not know how the hearings will go and it's at least a mo

eddie jones has given manu tuilagi a first start in the competition for six years.ondent chrisjones has been at their training camp in portugal. the weather has turned a little bit here and portugal. the sun has been replaced by some wind and rain. perhaps a better preparation for england as they head and said that freezing environment in the stadium. i have been some big selection calls. such a sixth action game for the first time in six years and the unfamiliar position in santa rather than outside centre. perhaps most interestingly, it daly keeps his place instead of mike brown. england goes as the underdogs. you get that impression that they plan to keep it that way. does that inspire you a little bit to be an underdog? we do not really care. the only reality is that no one outside of that time thinks we can when and i went inside that time can think they can win. we will see what will happen. that time can think they can win. we will see what will happenlj that time can think they can win. we will see what will happen. i think everyone has got to realise what a