manus: ok. thank you very much. the managing director at abs investment solutions, joining us from abu dhabi. up next, president trump's economic advisor says talks with china had a good vibe. that's next. this is bloomberg. ♪ ♪ president trump's top economic advisor says that the u.s. is optimistic about the tree deal with the chinese after the "good vibe" of the negotiations this week. he spoke with jonathan ferro about the expectation. >> the president is reasonably optimistic about this. president xi sent a lovely letter, a very positive letter, in good faith. i think the talks on wednesday and thursday in general had what i call a good vibe. we are not ready to put things down on paper, we are away from that, much hard work is still in front of us, what nonetheless we did allow some new ground and so far as talking about pacific's that hereto for this chinese did not want to talk about. whether you are talking about ip after force transfer technology or ownership or cyber interference or tariffs or nontariff ba

absolutely, manus. it is the structural reforms they are trying to enact as part to become mores market-friendly globally. it does tend to worry international investors because it kind of goes against the big push they have been trying to make the last few years. in some ways, it is seen of us -- as a scale back. it is hard to tell because there's a lot of moving parts going on in china. the pboc reassuring investors that no deleveraging is going on, but when you see these little signs going on, it is hard not to question what is happening on that effort, and therefore, it is a factor that will be weighing on investors. we were keeping a close eye on china. the asian assets in region might be most sensitive to where the trade talks go from here, either in terms of the sinkingis it lifting or or both? kristine: some of the reason for instance south korea, japan, now particularly exposed to the trade situation given their proximity to china and that market, but as a whole, asian stocks are probably quite

manus: we have to go.to have you in the show. ♪ the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. asian equities. we are seeing week lists -- weakness on the asia-pacific index. china in the green there. extension of the tariff deadline or trade talks. about renaultl and they are saying they see high revenue in 2019 barring a hard brexit. this is the reality on the european side about brexit. in terms of the actual numbers billion.u can see 57.4 uncertaintyentire around the markets. 3.55, this is lighter than the market had anticipated. 3.71. it's interesting in terms of their guidance. they are talking about the potential of a hard brexit and the ramifications there. they see around 6%. you know what? therei

manus: i'm manus cranny in dubai. nejra: i'm nejra cehic in barcelona.me for your business flash. huawei has launched its first folding tablet phone after sensing is in the same. it's slightly bigger than the galaxy for. it's a bit more expensive to. cost 2600 dollars. the galaxy full comes in at just under 2000. giantan mired -- mining barrick has acquired thousand shares through a subsidiary and plans to table changes. gary goldberg says the move is, tote, a desperate attempt quell a current deal. gains near three-month high in the world's largest oil traders as prices could rally even further. opec columns outputs an american sanctions cause a shortage in the market. a surge in u.s. shale supply could drive prices lower in the fourth quarter. an exclusive talk with guy johnson. is quiteoducing area removed from the coast and quite remote from refining. they need pipelines to connected in those it was are being built. as is pipelines come on, some of when can we so the expansion is forecast will start to hit we should of a surgeon production. if the pi

manus: good morning, i'm manus cranny, live from dubai. nejra: this is bloomberg "daybreak: europe." and these are today's top stories. manus: sterling jumps as theresa may promises a vote on taking a no deal off the table. deal, we aret her live in westminster all day. crosscurrents and conflicting signals, markets braced for a second day of congressional testimony from jay powell. this as a technical error at the cme halted trading for hours. journalist are evicted from hotel housing. , a north korean leader second summit marked by low ambitions. we are live in hanoi. manus: a very good morning and welcome to "daybreak: europe." we are poised for another day of political theater. nejra: we absolutely are. bynificant climb down theresa may to appease some of the pro-european ministers in her cabinet payment we are hearing she will offer them a chance to vote on delaying brexit to avoid that no deal scenario on march 29, so a delay is on the table. the question is, is the momentum working? let's get into the markets, we are waiting on a co

manus: thank you very much.i burger is standing by. the pound is under a little pressure. investor who has done a 180, why do we care? dani: one investor we are hising at has renewed bearish stance against the pound that might draw some iron. -- might draw some ire. yesterday it was defined the narrative as turmoil kicks up. members leading from the opposition labour party vowing to have no deal on the table. it is now making more sense with the chaos. some of the gains we are seeing in the dollar, dollar rising by 0.2%. fed minutes on wednesday, will they be as dovish? that could send the dollar for a lot of volatility in the meantime. oil trading even higher, this day of gains. about a56 a barrel, three month high. other market stories that will be important, walmart earnings. i want to take you into my terminal to show you what options are pricing for earnings volatility. that line is here. we will see this is hitting 4.5. option traders believe walmart shares will move either up or down 4.5% today after they

manus: i am manus cranny from the summit in other david. this is "bloomberg markets: middle eas nejra: asian stocks in u.s. futures rise as negotiators say they have raised a tentative deal to avoid a shutdown. more time, theresa may looks to update parliament with six weeks until britain leaves the bloc. can't you negotiate? nissan will deliver its first earnings, will the widening scandal deliver a blow? manus: germany is slowing down, the world is under pressure. ebit, adjusted first-quarter, a small miss, but 168 million euros. there in mind confidence in germany is at a three-year low. factory orders among the biggest .rop back to back since 2012 they are saying 2018-2019 forecast, uncertainties are growing. we are talking about the tensile global slowdown and confidence -- we are talking about potential global slowdown and confidence being eroded. they say they will begin operating october 1. they are trying to split the company in two, investors are questioning that. that is not a headline, just a fact. uncertainty is growing. good t

manus: and i am manus cranny, live from dubai. this is "bloomberg daybreak: europe," and these are today's top stories. nejra: policy makers the 2019 as the end of the balance sheet runoff but not necessarily their rate hikes. thrivesa deal, market on trade optimism, but will enough progress be made to avoid new tariffs next week? there is optimism the brexit agreement is next week. barclays reports this morning. we will hear from jes staley on this. and the results. welcome to "bloomberg daybreak: europe." 6:00 a.m. in london. let's get the numbers. a number of telecoms companies reporting today. asnge and telefonica as well telecom italia. door to telecoms seeing 2019 at 23.9 billion euros, so that is a red headlines crossing the bloomberg. deutsche telekom's adjusted ebitda comes in at 5.6 5 billion 5.65 billion euros. they will propose a dividend versuse to 70 euro cents 65. dividend increase, that's a positive. fourth quarter adjusted ebitda missing. revenue coming in at 20.3 billion euros. at about 23.9om billion euros. comi

manus: i am manus cranny. nejra: this is "bloomberg daybreak: europe."jra cehic alongside manus cranny in all be doubly. here are today's top stories. president trump is flexible on tariffina terrace deadline. optimism spreads across the globe. european and u.s. futures point higher. a mixed bag, european companies report earnings, heineken. the risk rally is alive and well. the s&p had his biggest one-day jump yesterday. it goes above the 200 day moving average. looking at the futures, u.s. futures higher, and the dow hit a 10 week high. in europe the rally will continue. dax and cac 40 futures higher by 0.4%. is this optimism around trade talks? would any extension beyond march 1 the good news or prolong the uncertainty. the knee-jerk reaction is risk on. the 10 year treasury yield holds at around 269. we have the cash bond markets opening in europe and will bring you an update on that. let's check in on markets in asia. juliette saly in singapore has more. risk on dayother across asian markets. we are closing in on october highs. 10% from itsup decemb

manus: this is bloomberg. i manus cranny in the by.ejra: i'm they were chained hitch in our european headquarters in london. we are not getting a lot of direction from asian equities today but trade very much in focus. absolutely. i think larry kudlow talking about good vibes. excess we are down to, good vibes come i love the story this morning. they are talking about robert lighthizer having very clear ideas. if you do a deal and break the rules, we don't to the trade deal. -- do the trade deal. nejra: we are looking forward to union speech by president trump. he could focus on china, nafta, that could move apparel and auto-parts shares. suggesting that jobs data will say the economy is strong the patient is warranted. it all comes down to currency volatility. yuan has lost 1% in value this month. i want you to wave goodbye to the dog. it's hard to do. dog, the 12th the and last animal in the zodiac cycle is approaching. here is what the analysts are expecting for the year of the pig. new year let down. that's the stark warning from b

manus: good morning.t diverted by the headlines, but your all right, it is the -- but you are right, it is the data in china that matters. bedside, still expanding -- bid side, still expanding. do you think we are avoiding a hard landing in china? that is the most critical thing for 2019. >> i think so. we are still waiting for incoming data. the key thing is going to be looking at credit growth and whether we are seeing that bottom out. china has been slowing. policy has been used. you have had -- policy has been eased. you have had targeted lending. there are elements of patients and seeing that data come through. we are optimistic that the policy easing will deliver a slowdown in growth as opposed to a hard landing and eventually an increase in terms of the rate of growth. we are optimistic china will actually stabilize and will not become a negative for the global growth outlook in 2019. nejra: what does that mean for the fed? does that increase your proclivity for risk if you've got that view on chin

manus: i'm manus cranny in dubai. news from glen park, pressure from activist come to pressure. glencore said to plan to cap the cold output in a climate shift. the company will not make any new acquisitions that would add to production. this is critically important, no new acquisitions that might add to their current level of production. investors have been pressuring, waiting for the glencore numbers to come through as well. the company said it proposes to limit output, currently around 145 million metric tons a year of metallurgical coal. the plan, no major acquisitions to come through. you can see there is pressure all the way around. so the paris agreement, climate targets, that is what is pushing this as well. supporting a call to align its business more closely with the planet targets. i will bring in the numbers at 7:00 a.m.. theresa may is meeting with jean-claude juncker in brussels today. the officials are working on a new legal text on the contentious irish backstop. optimism that the stalemate could be en

nejra, manus. manus: thank you very much for the roundup. is leading the -- colleagues.ly mores going to russell for talks and told her party that she plans to speak to the leader of every eu member state in the coming days. saed abukarsh, ark capital management chief portfolio manager. here we are, we are literally counting down the clock to brexit. when you look at this, next week there is a possibility that parliament could regain control and take a hard brexit off the table. are we closer to that van a hard brexit? saed: the market is positioned where they actually expect an expansion -- extension. if we were lined up for a hard brexit, we would see sterling traders substantially lower, maybe five or 10 figures lower. right now, we are expecting and extension, this game of chicken to play out until the very last days of brexit. theave a vote coming up on 27th. trying to, we are decide what they will vote in, rather than vote out. so the possibility to remove a hard brexit scenario, given there is not enough time to reach an agreement, wi

thank you very much, manu raju. as soon as adam schiff and company walk out of that hearing room, let us know what they have to say. >> evan perez, calling family members, other witnesses. which of these pose the biggest threat poerks tensionally, to the president? >> alan weisselberg, wolf, knows everything. as you said a minute ago he has been working with the organization for decades. he is the cfo of the organization. he has provided information under very limited immunity deal to the southern district of new york in the michael cohen investigation. but he knows a lot, lot more. so if the democrats want to go there, you have to think he is witness number one. his name kept coming up yesterday as manu pointed out. after yesterday's hearing, he may be a household name. the president's long-time personal assistant, you have to think that she has seen and knows a lot of what happened, especially for a president who doesn't use e-mail. >> hold on a second. michael cohen is walking out. let's listen. >> thank you for

five—year—old manu was one of the 19 people who died.s the family's house was wiped out by the sludge. translation: my husband cried out, "daddy loves you". he put his hand out to rescue her and then something came crashing down on them. he never saw her again. pamela now gets an allowance and rent from the mining companies but does she think there will be justice? translation: no. i think that those who have money will getjustice but those who don't will be treated badly. it's all about money. the local mayor says there's so much reliance on the lucrative mining industry, the community's powerless. did anybody learn anything from mariana 7 translation: they've learned nothing. what's happening now makes us really frightened. cities are being evacuated. there's a risk of other dams breaking. the mining companies said they'd help us but they haven't. but the mining companies say they are repairing the damage that was done. this is one of three new villages being built for pamela, edson and all those who lost their homes. it's run by a fou

let's get right to cnn's manu raju on capitol hill. manu, what have you learned?> i just spoke to senator dianne feinstein, the california democrat who spoke to joe biden, the former vice president this morning, and she came away thinking after that meeting that joe biden will, in fact, run for the democratic presidential nomination. now, she was also -- i asked her explicitly, did he say that he would, in fact, run. she said, no, he didn't explicitly say so, but the impression she came with was, in fact, he will. she said, oh, yes, when i asked her do you think he's going to run for president? biden behind the scenes has had a range of conversations with close confidants, friends, advisers. he's known dianne feinstein for a very long time. feinstein has said in the past that she would endorse a potential biden candidacy and i asked her about it here. and she said, he made me the first woman on the judiciary committee 26 years ago and i have never forgotten it. i've known him and worked with him and it's just a logical step for me. now, there's a big question here

manu raju all over it. thank you so much. let's get some analysis on wa to expect also for this key day tomorrow. elie hoenig, jennifer rogers, who are both cnn legal analysts and former federal prosecutors, are here. just jumping off of manu's point on the hush money payments, that can be sort of the opening moment for these members of congress to start questioning michael cohen and obviously their thinking if he would cover up in that regard what else perhaps did he cover up with president's help? what are your key questions? >> the hush money payments are a perfectly logical place to start. we know michael cohen was involved. michael cohen himself directly implicated the president. and doj signed on to that very importantly. so i would want to get chapter and verse on those payments. i'd want to talk about the inaugural fund. trump was -- excuse me, cohen was involved in that. he made a recording of somebody involved in that. i want to know about cohen's false statements to the senate, his false testimony about the timing

at the moment, the decision on whether refugees on nauru and manus island can be brought to australiahywel griffith in sydney, says the government is firecely opposing the bill, and is worried about the outcome. because if they lose this vote, it could be the first time a sitting government in australia has lost a vote since 1929 and last time around, that triggered an election. we already know an election is coming, immigration is a key issue. this is almost become a proxy to beat about who is tough on immigration versus who is compassion and —— proxy debate. parliament is back this week, not many sitting weeks before the election in may thatis weeks before the election in may that is why we are hearing so much rhetoric really buy so many on this debate. what other figures? how many could be sent if this bill is passed? we know there are around 1000 refugees or asylum seekers either run manus island in png or on nauru. that figure has been slowly coming down however, of those, well, estimates vary depending on which side of the argument you are wrong. some suggest around 300 potentia

manus: which of those worries you the most? are the gateway into the soul of china, let's deal with that. how will the chinese slowdown manifest itself in your numbers? it is hard to see that in 2018 numbers. we had revenue growth of 14%, 14% in mainland china and customers -- revenues were up 7%. we are seeing some credit softness is in the u k and the u.k. is the market i would be more concerned about at the moment than hong kong and china. manus: you have capital to deploy in the u.k., i am told you are trying to grow market share. has that proven hard in the current environment, how is it stacking up in the u.k.? team did a great job last year. we had markets growth of 10%, we took another 50 basis points of market share. weare protecting the share wanted to take and we are growing our u.k. business. we are just cautious on the outlook for credit given the lack of certainty on the direction of the u.k. economy. manus: what have you in the board discussed on the preparedness for hard brexit, what is the discussion inside you

manu raju, you're carefully going through this letter as well.e key words are both during and after tomorrow's hearing. >> he's not saying he won't issue a sp. he is only saying if you don't appear we'll go forward with the subpoena but if you come and answer our questions there will be no need for a subpoena. basically putting the ball back into whitaker's court, saying come tomorrow, answer our questions and there's no need for a subpoena. otherwise we'll deal with your concerns on a case-by-case basis. what does whitaker do if he does not appear tomorrow? the committee will almost certainly issue the subpoena that they authorized jerry nadler, chairman of the committee, to move forward with. that subpoena would come tomorrow if whitaker doesn't come and then we'll see the steps they decide to take, hold whitaker in contempt or escalate the fight like that. jerry nadler is trying to tell the justice department in this letter, come tomorrow. answer the questions. there will be no need for a subpoena and we'll decide on the issues on a case-by-ca

why don't we start with manu.rs have reached a deal to avoid another government shutdown. here's the key question. is this something that the president is willing to sign because a very similar deal was on the table before, and he refused to sign that. what do you know? >> reporter: yeah, that is the big question here on capitol hill tonight. even richard shelby, the lead senate republican negotiator who emerged and said that they had a deal in principle, said he couldn't say for sure that the president would sign it. he said he thought the president could. he hoped he could. but no one really knows. what we do know is that it's not anywhere near what the president has been demanding for some time in terms of funding for his border wall. he had asked for $5.7 billion to fund for his border wall. we're hearing that it's going to be about $1.375 billion for barriers. it will not say concrete wall. it will not be allowed to be spent on concrete wall. it will include money for fencing, including 55 miles in the rio gr

manu, te voy a preparar para premio lo nuestro.ojeras. [mÚsica] andrea: la terapia virtual hay visto mucho en redes sociales, por quÉ las famosas adoran este tratamiento? >> por este aparato pasan corrientes especiales que va a llevar el colÁgeno a la dermusmedia, la luz roja activa el colÁgeno, luz verde que ayuda a las manchas, la azul que ayuda al acnÉ, luz amarilla que da luminosidad a la piel. la morada ayuda a la circulaciÓn. andrea: es recomendable hacer esto el dÍa antes? >> el dÍa antes de perfecto porque el efecto se ve 24 horas despuÉs. andrea: la mascarilla del momento definitivamente en las redes es esta que te envejece el cutis pero te hace bien, cÓmo es eso? >> es una mascarilla a base de enzimas que cuando hace contacto con la piel y con minerales hace una barrera protectora de antioxidantes que nos protege de los daÑos, del envejecimiento prematuro. andrea: cuales son los beneficios de una mascarilla como esta? >> cuando ves que se seca hace un efecto sÚper tenso y obliga a que la piel se oxigena mejor y haya mejor

>> that's one of the things that manu was getting at there.nse among the republicans that if they agree to something, it will be hard for the president to say no. adolfo we don't expect that the president will get anywhere near the $5.7 billion for a border wall if any new money at all. what do you think he might be willing to accept here? >> i don't know the figure. more or less around the $2 billion figure. they've not been at the negotiating table but been quite engaged the white house. in all likelihood they've signaled this deal is a go. however if it's less than what has been requested, not by the president but by the administration by the border patrol actually, if it's less than that, they will look for the administration for other money that could be applied. he will find the money elsewhere to supplement whatever is in this package. >> i will tell you, it's an interesting picture. the banner reads finish the wall. you can see live pictures there. not build the wall. finish the wall. so a rhetorical shift there in the language. perhap

. >> manu raju joins us live from capitol hill. what else did we learn from cohen that we may not have known before? >> reporter: well, big focus heading into today was lies that he told back in 2017 about that trump tower/moscow project. of course, at that time when he privately testified before two congressional committees, he said that there really wasn't much of an effort by the trump organization to pursue that project. he said it ended in january 2016 and that was essentially it. he now is saying that there was much more involvement by then candidate trump who's asking about it a number of times, according to cohen, up until june of 2016. he says that there was discussions with donald trump's attorneys about editing his false testimony that went to capitol hill. he said there was a meeting with trump attorneys where the president was also present where they discussed his testimony before he actually emerged and before he delivered that testimony including a discussion over the time frame this committee the democrats have aske

manu raju live on capitol hill. manu, what's happening?two of president trump's closest allies, jim jordan, mark meadows who are the republicans on the house oversight committee just sent a letter to the attorney general bill barr asking him to investigate possible perjury from michael cohen's testimony yesterday before the committee. they're laying out several areas of inconsistency and contradictions to what had been filed in federal court and previous testimony. two of these regarding -- one regarding bank fraud. they write this: several times during his testimony mr. cohen denied committing very fraudulent acts that he has pleaded guilty to in federal court. specifically mr. cohen said, i never defrauded any bank. these denials are potentially false. they also write that mr. cohen repeatedly testified that he did not seek employment in the white house following president trump's election. these are intentionally false. they say it's in direct contrast with court filings made in the central district of new york. on the bank fraud situat

manus cranny spoke to the ceo early this morning.erred, not canceled, but deferred investment decisions. once clarity is provided there thatbe some investments will maintain the competitiveness of irish smes. >> speaking earlier today. unicredit to the upside alongside other italian banks. italy avoided a credit rating downgrade. we are seeing the tying banks getting a bit of a boost. automakers and auto-parts companies are higher today. is a sector that's very sensitive to any kind of trade talks and we are seeing that extended trade truce between beijing and washington. thanks for a much for that. is m&a monday. look at the deals that are driving markets in europe. join us now from our deals team. come inot only are you -- an m&a reporter duty -- reporter for us but you are on weekend duty. the news coming in saturday and sunday as well. once the story? hear enough about supermarkets and there's been a lot of activity. very busy deal. it's a particularly interesting one because of a consumer perspective. , he potential collapse giv

>> that's one of the things that manu was getting at there.sense among the republicans that if they agree to something, it will be hard for the president to say no. adolfo, we don't expect that the president will get anywhere near the $5.7 billion for a border barrier, if any new, real money at all. what do you think he might be willing to accept here? >> i don't know the figure. i think more telling will be if the word wall is included. that will be key. that's a political statement. i think that's what people will be looking for, or barrier. the figure that's been bandied around is more or less the $2 billion figure. they've not been at the negotiating table but they've been quite engaged, the white house. in all likelihood they've signaled this deal is a go. however, if it's less than what has been requested, not by the president but by the administration and by the border patrol, actually, the 5.7, if it's less than that, they will look for the administration for other money that could be applied. there may be a little bit of a battle for

let's go straight to capitol hill, to our senior congressional correspondent manu raju. and manu, we mentioned cohen started about 9:00 this morning with senate intel getting this quote unquote extensive grilling is what you're hearing from your sources. what's happening behind closed doors? >> reporter: yeah, a lot focusing on these past statements he made lying to this very committee back in 2017 when he discussed the trump tower moscow project, a project that the trump organization was pursuing and that he was consulting then candidate trump on back during the election season of 2015. and he initially told the committee, well, there was really nothing much to it. the talks ended in january 2016. well, he later pleaded guilty to lying to this committee about that testimony, those conversations much more extensive than he let on. also going on into june of 2016, into the election season when that russian interference campaign was happening. a lot of questions about these past misstatements i'm told a good portion at least of the morning was focused on that. roy blunt, s

manu raju is on capitol hill. what's going on tlup? >> reporter: they passed the bill out of the senate 83-16 vote, easily surpassing veto-proof majority. they got 83 votes in the affirmative to send this to the house. the house will vote tonight. we expect a bipartisan majority to sign this, end the shutdown threat that led to the 35-day government shutdown, longest in history, 800,000 federal workers and employees, government contractors the risk of furlough that they suffered in the early part of this year. after the senate acted, expect the house to act and the president will declare a national emergency as he signs this bill. >> we'll squeeze in a quick break. it's time for the ultimate sleep number event on the sleep number 360 smart bed. it senses your movement and automatically adjusts to keep you both comfortable. and now, save 50% on the sleep number 360 limited edition smart bed. plus, 36-month financing. ends monday. [indistinct conversation] [friend] i've never seen that before. ♪ ♪ i have... ♪ i have... ♪ just hold on, i'

first let's go to manu raju on capitol hill for us tonight. it's a rare public split between the chairman and the vice-chairman of the really important committee. what's the latest? >> reporter: for two years, this committee has been investigating russian interfeesference into russia. one issue that has been a partisan split that has mostly occurred behind closed doors has been about whether or not there was collusion between the trump campaign and the russians. in recent weeks, richard burr, the chairman, has gone public and said what he has seen is no evidence that suggests there's any collusion whatsoever. that's given the president fodder on the campaign trail. saying there's no collusion whatsoever between the campaign and the russians. he is facing some significant pushback from the vice-chairman, mark warner, who says he significantly rejects that conclusion. earlier today, richard burr was asked directly whether his comments exonerate the president in any way. >> i'm not sure how to put it any clearer than i said it before. we have no

manu raju up on capitol hill. joining us now senator bob menend menendez, top democrat on the senate foreign relations committee. senator rg thanks so much for joining us. >> good to be with you, wolf. >> as you know, the president is continuing to call for a wall even if negotiators can reach a deal and they're working, obviously, very hard to come up with some sort of compromise. do you believe the president will accept it? >> well, it will be either he'll accept a bipartisan compromise, the second one that has come about. we had one in december. or it will be at his doorstep to, if he rejects it, we will be in the midst of another government shutdown simply because he is recalcitrant here. so, i mean, you know, i hope we all don't forget that the president's insistence here is about billions of dollars toward what is an even bigger figure, $20 billion, $25 billion, ultimately, to build a wall that he wants to build. and ultimately something that he said mexico would pay and mexico's made it very clear they neve

let's go to manu. what are you hearing and seeing? >> that's right.e chairman of the senate intelligence committee reacted to the news of a federal judge saying that paul manafort breached his plea deal with his efforts to cooperate with prosecutors because of him not being truthful of his content in part with the russians, suspect uing to have ties to kilimnick. when i asked mark warner about that, he said it showed why the president is concerneded about the mueller probe. >> my reaction to the federal judge saying that manafort lie ed. >> this is one of the reasons why the president is terrified about the results of the mueller investigation. and intelligence investigation. the number of data points between folks related to the trump campaign and organization with russians is unprecedented and i think there will be some interesting conclusions when we get to that stage. >> another story line was what's been happening on the senate intelligence community. mark warn rer has split with the republican chairman of the committee, richard burr, who said he

manus at the summit.or the level of background noise on the one spake perhaps over there in dubai. let's get our top stories. -- to the upside, just under 5%. a tough fourth quarter. a bunch of investors pulling their funds and outflows. but they are announcing a higher dividend in 2018. also announcing a special dividend, akzonobel. they also announced a faster than expected share buyback program. aey are the middle of cost-cutting and efficiency program and that stocks to the upside. you might behold in a big pen right now. they are to the downside. they missed estimates in the it's anis saying uncertain trading and varmint and macro economic challenges may weigh on sales. matt: thanks for a much. including your movers a monday -- amundi. you can interact with the charts by typing to tv we will bring you to the most important charge of the day next. battle of the charts. this is bloomberg. anna:anna: welcome back. 54 minutes into the trading day in its of positive one. europe up around half a perce

2013, canberra has sent migrants intercepted at sea to camps on the tiny republic of nauru and on manusy would never be allowed to resettle in australia. critics say the prime minister is spreading deceit and fear, before an election expected in may. they point out that the medical evacuation law applies only to people already detained offshore, meaning any new arrivals wouldn't be eligible for transfer to australia. it is important to note that this legislation is confined to the current cohort of people on manus island and nauru. it does not provide any kind of attraction to people to leave where they are and to try to make the journey to australia, because they will not be considered as part of this legislation. this is designed to solve a medical problem with a medical solution. the united nations has said australia's offshore detention policies were inhumane. but canberra has stressed that they prevent people smuggling and save lives at sea. in a moment we'll have all the business news, but first the headlines on bbc news. theresa may faces the threat of another defeat in parliamen

manus: asian stocks and u.s.negotiators say they have reached a deal in principle on border security to avoid another u.s. shutdown. yousef: the dollar is on its longest rally in more than three years, it has gained every day since the january rate decision. manus: theresa may prepares to update parliament on brexit a -- after gdp data revealed yousef: the u

and what role will they play, manu? >> reporter: norm eisen is a long time watch dog and former obama administration lawyer is one of the hire the other barry burke high powered criminal defense attorney also hired by the house judiciary committee. these two men have generated a lot of interest for one reason because in the past they have written about and they have advocated for the impeachment of the president, even suggesting the possible indictment of this president for obstructing justice, even recently writing of the president even before the final report the mueller report has been issued they wrote in the past the president likely obstructed justice a conclusion even more strongly supported by the evidence now. this is not we're told the reason why they were necessarily hired by this committee which, of course, would have oversight of any impeachment proceedings, sources on this committee say they're not being brought in to begin impeachment proceedings of this president, but they are being hired to oversee the

manu tuilagi says he'll take some time after the six nations to make a "massive decision" over his clubentre is weighing up an offer from french giants racing 92 to move to paris after the rugby world cup. tuilagi would be unavailable for england selection if he opts to go. back to football and the scottish premiership where this evening, neil lennon returned to celtic for his first game back in charge... fans though were clear on what they thought of brendan rogers decision to leave. they unveiled a banner before the game suggesting rodgers has traded immortality for mediocrity. the game was a tad more stressful for celtic than they would have liked as odsonne edouard's last gasp winner in stoppage time eventually giving them a 2—1 victory. with just 100 days to go until the start of the women's world cup, england are under pressure to perform at this year's she believes cup in the united states.. england's opener with brazil is under way... let's take you live to pennsylvania where it's xx minutes into the second half. england leading to— one. brazil had taken the lead after andressa

bills and to set his palace apart from those run his hotels by other aristocratic families i mean manu had a novel idea. once a year he hosts an electronic music festival at his palace this morning several hundred people are at work the concerts begin in less than twenty four hours in different parts of the palace because the. rich magic is going to happen. where you live and. i. don't. think you will get in here and i thought the idea came during drinks with a friend and mick jagger. we were having a drink together bob you mean he said that you know his father. just recently gifted both the sons the mean values about caesar and so on. say say oh you should do a festival there. three thousand music fans will be descending on the palace for the festival most of them young hipsters from the capital tickets cost more than one hundred euros by a local stand. the festival's reputation extends beyond india's borders for this third edition some forty deejays answered the prince's call sound of arrived from all over the world these two experimental musicians are from luxembourg. the festival i

i want to go back to manu raju on the hill.for her to apologize, you would expect that we would have seen something ahead of time? is that your expectation? >> it's possible. we do know that congresswoman omar is working on some sort of statement. we do expect that to come out. we have not seen her today, they have not clarified her remark from last night. but the statement that came out from nancy pelosi and the rest of her democratic leadership team tried to make it clear that they disagreed strongly with congresswoman's omar's tweets last night. she said anti-semitic tropes and statements about anti-semitic supporters is deeply offensive, and we call on omar to apologize for these comments. they are looking for her to be stripped of her membership in the foreign affairs committee. the republican put out a statement just earlier saying he would try to move to take action against congresswoman omar. it's unclear what we can do. many responding very sharply to those tweets last night, brianna. >>> soon president trump is headin

>> manu raju on capitol hill for us, with the play by play. and dana bash is here with me, she's cnn's chief political correspondent. dana, why wouldn't these republicans vote for the bill and call his bluff? or at least put it on him to shut the government down? >> exactly. this is, which comes first, the chicken or the egg? so is it going to be incumbent on these senators and members of the house, but less so in the house, because it's run by the democrats, and they're going to almost certainly put it on the floor. the senate, it's different. it's run by the republicans. and they have just as manu laid out, they have experience now with passing something that they thought the president was going to sign, only to have the president rip the rug out from under them back in debt. and then the government shut down. so the question is, what will they do now? will they try to push him again, anything he can't, you know, make the same mistake, frankly, politic politically, that most of them believe he made again. >> right, because he was blamed for

let's go to our senior correspondent manu raju on capitol hill.ee took its first action voting to send more than 50 transcripts from its russia investigation interviews to the special counsel robert mueller. so what transcripts will be turned over and what will mueller be looking for? well, there are more than 50 individuals that did testify before the house intelligence committee in the last congress as part of the russia investigation. they didn't believe there was evidence of collusion. there were a whole bunch of leads that were not investigators but they said democrats believe that some of these people closest to the president may have misled the committee. they want mueller to investigate this further in order to determine whether any charges potentially should be brought. now, the people that these transcripts testimony involved include some of the president's closest confidantes, people like jared kushner, his son-in-law, his own son donald trump jr. as well as steve bannon, this former adviser, hope hicks, his former communications direct

manu brought up this moment. it crystallizes how unfriendly relations are and how hostile it was right off the bat, dana, when during -- i want to play you the moment, but to set it up, the chairman of the committee asking questions of the acting attorney general, and the acting attorney general decides to be timekeeper in the middle of this questions. let's play this. >> in your capacity as acting attorney general, have you ever been asked to approve any request or action to be taken by the special counsel? >> mr. chairman, i see that your five minutes is up, so -- i'm -- i am here voluntary. we have agreed to five-minute rounds, and -- >> i think that's a fine place to end the five-minute rule. >> the committee -- i will point out we didn't enforce the five-minute rule on the acting attorney general whitaker. we will. >> i was just saying it might be a good breaking point at that point for you. >> the attorney general was in the middle of saying something. answer the question, please. >> then he goes on. dana,

. >> manu raju, thank you so much. >> there are several what they call presidency threatening scandal that michael cohen details in this 20-page opening statement. >> yes, i think it does. >> we have the president saying and evans knows about this because he was apart of the story cnn did and interview of the associated press of no recollection or any recollection of roger stone and wikileaks. we have michael cohen testifying that stolen told mr. trump that he got off the phone with julian assange and there would be a massive dump of e-mail that's going to damage hillary clinton and the cam papaign campaign re would that be great. >> i was in mr. trump's office when the secretary announced roger stone on the phone. mr. trump put there stone on the speaker, phone. mr. trump said he just got off the phone with assange. there trump responded by stating to the effect "would that be great," that contradicts of what we heard from the president. >> exactly. there is another large contradiction involving the payments to the mistresses, michael cohen, describes going into the oval office for t

and also manu of cnn tweeted out that senators manchin and carper were the only two democrats to join the republicans for standing ovation when the president boasted the economy saying we are just getting started. senator mafrpblin also was the only democrat to stand up during his remarks on late-term abortion and energy. matt fuller also reporter for huffington post. he tweeted out, got to love the members taking notes. guys, this is meaningless. you will not be tested on this material later. i promise you don't need to retain this. also, socrates did not take notes. steve. steve: and the moment when "happy birthday" was very impromp tuesday of the survivor of the -- impromp tuesday of the survivor of the holocaust, getting a lot of social media attention. greta, you mentioned the democratic women in the house of representatives were standing and cheering the president, getting a lot of play on social media. here's how it unfolded with the president and newly elected female members as we approach the centennial of the suffrage vote from 1920 to 2020. president trump: as we work to de

manu raju joins me now.ake me behind the scenes where are democrats right now on this action. >> reporter: the house democratic leaders and their key committee chairman, staff are discussing various legislative options. there is going to be their top priority when they return from next week's recess. afterwards they plan to move forward on a plan. they're not sure how it will be structured but it will be a joint resolution that will be offered first in the house to vote to disapprove of the president's action declaring the national emergency and because of the special procedures granted to them by this process, the senate is required to essentially take it up. there's nothing that mitch mcconnell, the majority leader in the senate, can do to prevent a vote from happening even though he supports what the president is doing here. that's what mitch mcconnell has feared all along, he can't stop the vote from happening. the question is will republicans join with democrats to block this action in the senate. we ex

manu, i appreciate you become in the courthouse live. the question is to what end here? michael cohen is prepared to testify that yes, he, michael cohen, committed crimes but that the president was his partner in some of these crimes while he was residing at 1600 pennsylvania avenue. that would open up new potential windows. number one, would it feed democratic calls for impeachment? you can say it was a campaign thing, it was a long time ago, it was the business world. what is the significance of the next few days? >> i think it depends who you are, number one. number two, there is a lot we don't know what michael cohen will bring to this testimony in terms of documentation to back up what he is going to say about potential criminal wrongdoing, which is what our reporting shows that he's planning on doing. if you're michael cohen, this is a chance to, i think, say, yes, i did these things but i did these things at the behest of my boss. we have seen michael cohen say repeatedly he does not want to go down as the villain in the trump story. if you're house democrats, you

manu raju on the hill.alk to democrats privately, especially the old democrats who remember bill barr from the bush administration, they say he's an adult, they say they disagree with him. he's conservative and they're more liberal. but he does a good job, and they're surprised that the president nominated someone with so much experience, but yet almost all the democrats will be voting no. >> getting him to say anything in the hallway is a big accomplishment. you might not think a nod is much, but it's a lot for bill barr. they will be opposing any trump nomination, particularly for a cabinet seat or judicial nominations. i think the sound you played from senator durbin was really important where he listed through all the reasons why this is probably a great pick. i think if you talk to democrats in a more candid setting, they will acknowledge, we probably couldn't have asked for a better pick. the executive power concerns are real. obviously there are a lot of concerns about the ambiguity about his respons

." ♪ manus: you are watching "the best of bloomberg daybreak middle east."r start bankers sick of choosing sides. they intensify efforts. dubai, is it an oversaturated market? we speak to the company's ceo. first

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