manus: i am manus cranny. this is "bloomberg daybreak: europe."rags the fed into his trade war and calls for it to match any action china can take to impact tariffs. weak industry data shows china's economy has slowed, even before the latest tariffs. tencent and alibaba. said toing business ing be lining up advisors to explore a takeover of commerzbank. in france, they buck the trend with resilient trading revenue. manus: breaking data coming through on the german side, gdp for germany expanded 0.4%. that was in line with estimates. they question the durability of overall european recovery. year on year you are looking at 0.7%. that is as the market assumes we have passed the worst. that is a question we have to ask ourselves in regards to germany. there may be more pressure to bear on institutions. the bond market, you are seeing more concern over a tie in bonds. the highest level in three months on a warning on the .eficit treasury market, they are talking about recession in the next 24 months. the new york fed is saying we tacitly acknowledge t

manus: i am manus cranny in dubai. skincare business up on the block for $10 billion, and a consortium led by none other than the abu dhabi investment authority. so this is all about reaching for growth. this is all about mark schneider, putting his brand across the businesses. selling the dermatological brands, and undoing some of the former chairman's business. nejra: buybacks are a theme, too, sony announcing a plan to buy back as much as $1.8 billion of stock. and from burberry a share buyback of 150 million pounds. manus: you have done the burberry stuff there. let's focus in on the pressure treasuries, shall we? a bit of a shift, pretty big moves across the market. nejra: indeed. before u.d. indeed. befos -- before u.s. traders could even get a coffee, haven demand kicked in. italy tensions rippled through euro area assets, and then subpar data on retail sales and perfect reproduction. u.s. two year yields spiraled to their lowest since 2018, and the benchmark yield dropped to a 1.5 month low. convexity hedging,

manus: good morning, i am manus cranny and this is bloomberg daybreak: europe. these are your top stories. howell pushes back, stocks slide and the dollar dances as jay powell says the fomc has no bias toward a hike or cut. the fed leaves rates unchanged. deal in. theresa may angier be just jeremy corbyn hence we may be edging closer to a plan. the bank of england is expected to hold later amid ongoing uncertainty. and a bead on fixed income. announcing their bouncing back from a tricky fourth-quarter. the strong showing in a key business. fruitome is bearing the of changes. we have digitalized and created venture capital markets to help people. we brought investors together. breaking news from you from the banks. 1.5 8ying pretax profit billion, slightly lighter than the market had estimated at 1.6 billion. this is a bank that is investing heavily in terms of compliance, no compliance, these are the key issues around the bank. you are seeing a first quarter net interest income of 3.4 8 billion. the market had penciled in 3.4 seven. better than estimated gain fo

manus: rosalind, thank you.abia's first day as officially recognized emerging-market was not great. arabia todded saudi its main em index, but the bonanza died down after the markets hit a fresh wave of risk aversion. meanwhile, south african stocks have also suffered a record series of outflows after the international investors. joining us is jaap meijer. welcome to the show. we have seen this splendid moment in terms of volume. this is the moment of inclusion. this is passive money, absolutely personified. what happens next? back att's take a step what happened over the last few days. we saw the 7 billion inflows. there were a lot of guys who were active ahead of the index flows to the tune of about 3 billion. about half was observed by florin outflows -- foreign outflows, and the other half was supplied by high net worth individuals. what we saw yesterday was a correction of the increase. think going forward, we are not positive. we are becoming more negative, and we can't close our eyes to what is happening

manus: thank you so much.anor taylor jolidon, cohead of swiss and global equities at union mancaire privee. thank you for being with me this morning. cubic stocks are going to be in focus on this mayday. cuttingainsbury's, debt, revamping the stores, and the second one will be next. very much a retail centric day for the u.k. one of the few markets running. market sentiment from apple, bounded by 5% after the close last night, taking that market higher. kevin o'byrne joined me and you will catch that on liv go or lumber.com. that is it for the "bloomberg daybreak: europe" team. "bloomberg markets: the european open" is next. we are live on your mobile device and the a.b. digital in the london area. this is bloomberg. ♪ anna: welcome to "bloomberg markets: the european open." we are live from the city of london. i am anna edwards. the cash rate is less than 30 minutes away. up like a rocket. president trump urges federal thes to cut to servo charge economy. economists expect a hold at the meeting. capital -- ap

manus. manus: thank you very much. the very latest on the asian markets. equities are following a downward move in the united states of america. president trump's threat of higher tariffs is continuing to reverberate, almost like day to -- two. it shows markets unexpectedly , thisnd ground in imports was before the abrupt turn in trade talks that led to re-escalation. our colleague stephen engle sat down with the ceo in beijing and asked him for his take on the back and forth trade dispute. >> i don't think they get the deal done by friday. i hope they finish agreeing. but whatever the odds were, i think it is still 80% to get it done but the odds of something thatappening has doubled is why the markets are reacting. there not just afraid of the direct factor. could slow down global growth or hurt a lot of countries around the world. projectingis already local growth to be at the slowest pace since the global financial crisis. with a china deal, could be as dire as that? >> the world economy is doing ok. ofna is growing, trillions dollars. america is growi

manus: i'm manus cranny in dubai. rewriting risk across u.s. equity futures.i asia pacific is having a pretty brutal day at the moment, s&p futures coming off the worst week of 2019. futures are higher than where we finished friday evening. the bandwidth in these trade wars is 240-270. what does it take to break it? nejra: anticipating a rate cut and three-year tenure threatening to revert the u.n.. , thehile, in g10 best-performing currency against the dollar, no surprise what you're seeing with the yuan. you're seeing clear risk off except in euro stoxx 50 futures. barely changed. slightly in the green. let's get a bloomberg business flash with annabelle droulers in hong kong. annabelle: renault has made an offer to merge with nissan according to broadcaster tbs. it intensifies an effort to cement the partnership and create the number two carmaker. the report says the french company is proposing a tie up under structure. each company would name an equal number of executives. bitcoin has climbed to the highest since september, rising above $7,000. this as the

manus: i'm manus cranny in dubai. synchronicity.couldn't have introduced ourselves better together. who are you? i'm nejra-- nejra: cehic in london. take it away. manus: i'm manus cranny in dubai. we will do that again. let's get to debra mao in hong kong. debra: thanks. fiat chrysler is going to announce a tie up with renault it may come as soon as today and this could lead to a full merger, creating the world's third-biggest automaker. mitsubishieting with and nissan are not involved although they could be invited at a later date to join the firm. nomura lost a bond underwriting deal following a ditto leak. five issuers dropped the bank. they faced penalties after employees shared stock information. this comes when japan's biggest brokerage is already reeling from its first loss in a decade. five banks are named in a lawsuit seeking damages for alleged forex collusion. the action was filed in australia. it claims they colluded to rig exchange rates, boosting profits at the expense of australian businesses and investors. the banks

manus: u.s. adviser john bolton said iran was almost certainly behind the attack on the ships near the persian gulf. joining us to put context around this is our north africa and middle east executive editor. john bolton is up the road in abu dhabi. this word almost is very broad. >> it is, isn't it? the americans have said they think iran is behind this. ip,n bolton have a little qu who else do you think did it, nepal? he is certainly driving home the point that they are blaming the iranians for this, and staying presentinghat he is as a hawkish line in the u.s. administration. however, let's remember president trump has said he is not looking for a war against the iranians. the iranians have also tried to wrap things down, saying they are not looking for a war. we should see how far bolton is willing to push hawkishness in this position. nejra: great to have you with us. i don't want to speculate, but what is your best assessment on the next step and the response we could get as well? bolton is

manus: thank you very much. david ingles in beijing with the very latest from currencies to equities. pushing higher after saudi arabia and other key producers in opec signaled their intention to keep these supplies constrained for the rest of the year. but also pledging to prevent any genuine shortages. we got the view with khalid al-falih in jenna after the group's press conference ended. khalid: saudi arabia will not go for deviate for our targets july in anticipation for either a decrease or an increase, but we are going to commit and take an extra month on our own. and my other colleagues will do the same. will not jump the gun. manus: despite the comments, there were mixed signals from the most vital non-opec partner, russia. alexander novak told bloomberg and is too soon to discuss further curves. i also caught up with the nigerian oil minister in jeddah. he said the opec plus group genuinely supports rolling over the collective production curve after june. take a listen. >> we will wait until june, look

manus: the u.s.ash market reopens today after the memorial day holiday, but the derivatives market has been awake, facing off the wall of worry. investors are now flocking to trade war hedges, but for pure in for a downturn in u.s. lifted equities markets. dani has the data. yesterday we heard trump say he is not ready to make a deal with china over trade concerns, but investors are not waiting. they are jumping into hedges. i want to take you into my terminal. when we look at two of the largest u.s.-listed china etf's, there is demand. the trading of bearish options, you can see it has recently spiked. the highests is level since 2015, and this is when china devalued the currency. that is how extreme this anxiety is. it is also happening on the u.s. equities as well. when we look at the put call ratio, it has jumped even though the banks has stayed settle. has stayed settled. you can see how much anxiety has been put in these markets. nejra: huawei has been put in the cross hairs of the u.s.-china t

manus: good morning from dubai. this is "bloomberg daybreak: europe." i am manus cranny. i am nejra cehic. these are today's top stories. trouble of foot. leading a chorus of footwear giants calling trumps tariffs policy catastrophic for consumers. this is as china said it could stiffen up retaliation after huawei was blacklisted. tilted in either direction on that policy in florida. jay powell brings up the inflation range. power down. tesla shares both -- fall below $200 for the first time since december 2016 and a series of issues stoked analysts caution. manus: let's get straight to the moving markets. the aussie dollar is under aessure as the governor sets fresh blow. it is a killer blow. we will talk about the potential for rate cuts come the june meeting. you have to rephrase the probability of rate cuts. you have a trade war, ground zero is the aussie dollar. look at nymex crude, also dealing and grappling with trade but also responding very much to the language from the past two to three days which is we are going to stay the course. that is the message. bank of

manus: i am manus cranny in dubai. team. this is between bonds and equities. the bond market sees a rate cut, that is what they are pricing. maybe the equity market has a different opinion. why are bonds pricing cuts that the fed does not see? they don't want us to see. nothing here, drive-by. let's get the bloomberg business flash. of ciscothe ceo systems has said it is hard to say if huawei inc. sidelined will help his business. u.s.-china tariffs have so far had a nominal effect on pricing. >> if we can't mitigate it, we two pricing. we are in a position where they 25% had a nominal effect. from a pricing perspective because they did such a good job of optimizing our supply chain. deborah: renault and nissan strengthening ties. calling on the two companies to advance progress, and consolidate their alliance. the partnership has been rocky since the arrest of carlos ghosn for financial misconduct. he denies all charges and pretrial hearings start later thursday. football's governing body has plans to expand more team

manus: good morning from dubai.: europe" and these are today's top stories. accusing beijing of backpedaling on commitments. the nikkei ticks lower after a long break. for now, the rba holds steady citing spare capacity in the economy over at the fed. robert kaplan tells bloomberg rates are in the right place. we speak exclusively to the fed vice chair richard claritin today. and erdogan gets his way. ae lira falls as a rerun of -- of mayoral elections is ordered. leaving fresh questions about the democratic process. nejra: good morning, welcome. let's get to some breaking news, factory orders year on year, we are down 6% three of the survey said we would be down by 5.4%, coming and worse than expected if not quite as bad as the prior reading. 0.6%,on month, we are up the prior reading was a drop in factory orders month on month but that reading not as good as the survey of an increase of 1.4%. we will keep an eye on the euro. we are keeping an eye on equity markets. let's take a look at futures. we saw a global --

manus: i am manus cranny live from dubai. this is "bloomberg daybreak: europe."rime rolls the dice on a brexit gamble but is facing increasing pressure to abandon it all and quit. further action. the offshore yuan raises gains as the trump administration considers blacklisting up to chinese -- five chinese surveillance groups further fueling trade tensions. in a good place. st. louis fed president and fomc voter james bullock tells bloomberg exclusively it is premature to talk about a rate cut. ,> i am concerned that we are we may have slightly overdone it with our december rate hike. ♪ nejra: good morning, welcome to the break europe. it has gone 7:00 a.m. in europe. a headline new see on the korean won trade a bank of korea official says the one is falling to rapidly. we have seen the one trading fairly steady but they are talking about the broader context here. korean authorities we learned earlier as well are to meet to discuss the distortion in the one trading. that is an update on the fx markets and the korean won. how are the bond markets looking? manus: t

this is bloomberg. ♪ manus: i am manus cranny in dubai. london.in great to be back.et's get a check on the markets. risk off with the threat from president trump on tariffs on china. you can see the reaction. japan is still closed. china seeing a reaction. the biggest daily fall since february 2016. the yuan plunging the most in three years. u.s. equities closed higher on friday following the jobs report. futures pointing to a lower open today. a one monthng at high when all the central banks meeting this week. gst in china prevails across copper is a manifestation of concern as we see small banks come through. should we be worried? here are your business headlines from hong kong. >> thanks. warren buffett has upped his criticism of private equity. he says returns are not calculated in a way he would describe as honest. the annual meeting, the firm said it used its cash to buy back $1.7 billion of stock. this is the company sweetened its offer to increase the cash portion of its bid to 78% and will cover the $1 billion breakup fee anadarko would incur for abandoning

manus: i'm manus cranny in dubai. equities are being roiled again forward.e asian equity sitting a two having month low. money flows into yen and a lovely chart hanjin- . -- yen-yuan. vol is spiking. nejra: the 10 year yield moves lower by two basis points, 2.47 handle. be concerned should we about the auction yesterday? the dollar gaining against. -- against peers. oil on the back foot. crude was pushed higher yesterday but we are lower today. let's get the first word news with rosalind chin. to price uber is due shares for its ipo today. still expected to be the largest listing this year, but unlikely as big as initially thought. the company is considering pricing chairs -- shares slightly below the midpoint of its range. it could debut with a market value of around $79 billion, a far cry from the 120 billion some were talking last year. occidental's corporate debt has landed in the netherlands. according to flight data. while it is unclear what the plane was doing there, it was close to the headquarters of royal dutch shell. the company has a joint ventur

manus: i am manus cranny in dubai.he reality of the auto industry. 5% at dropping by nearly one juncture in this session. the biggest one-day drop since the 28th of december 2012. the nneka i a report, low 200's for the current year. impaired to the average protection of 453. that is why it is taking such a wipeout. twiceg its profit targets in the prior fiscal year. the arrest of carlos ghosn. a lot of pressure on nissan. what do they do to repair it? that is the question. markets, the broader we are still seeing a selloff in equities. moderation because investors betting ultimately there will be a deal between the u.s. and china. more tariffs mentioned but donald trump and the chinese leader may be meeting again in june. six days of losses. the yen retreating against the dollar is well. manus: oil takes its cue from the trade tensions in the gulf. nobody named who sabotaged the uae ships. more than the amount of china imports. euro-dollar up this morning. that is the latest on the currencies. we still have worries ov

>> manu, thanks very much. manu raju once again up on capitol hill. away sensitive u.s. intelligence in a tv interview? we have details of what he appeared to reveal. >>> plus, breaking news. millions of americans now being warned of potential violent long-track tornadoes. the threat level, a five out of five. (ding) hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ [music playing] jerry has a membership to this gym, but he's not using it. and he has subscriptions to a music service he doesn't listen to and five streaming video services he doesn't watch. this is jerry learning that he's still paying for this stuff he's not using. he's seeing his recurring payments in control tower in the wells fargo mobile app. this is jerry canceling a few t

and it finally adds that the manus rpc closed on 31 october 2017. millions of people worldwide and you could even have it right now. it's called non—alcoholic fatty liver disease and it refers to a range of conditions caused by a build—up of fat in your liver. in severe cases, it can lead to serious liver damage. there's currently no specific medication for the disease — but that could change. a team of researchers here in singapore say they've developed a new treatment, with clinical trials expected next year. professor stuart cook of duke nus medical school, belives treating fatty liver disease is a matter of urgency. it's a very serious problem and it's almost a global pandemic. around one infour almost a global pandemic. around one in four people around the world are suffering from fatty liver disease. much more common than those who are obese or have diabetes but also common in people who are quite thin, particularly in asia, who don't realise they have this condition and are predisposed. it can be tolerated if it's not severe but as it progres

let's get manu raju back with us.manu, i don't know if you heard it, but david was saying, and of course, you were asking the exact right question of if impeachable offenses occurred, why not move toward impeachment? >> yeah, and she tried to straddle that line. she got a little testy as well trying to lay out exactly why they're not trying to go that route. trying to say that the current route they're going is the fact finding mission where they're going to court, they're having success in that strategy, and then she said, we'll decide down the line what is the right approach, so this is -- the question that i was trying to pin her down on is exactly why she's opposed to the impeachment inquiry, not necessarily voting on articles of impeachment, the first step before the house senate would have to convict and remove the president, but why wouldn't they move forward with an investigation over impeachment, she would not directly answer that. and that's because there are a number of members in her caucus who are calling

manus: we have a smart city, dubai is known around the world.l your ministry play into the smart city evolution? >> we want to be a smart city through ai and make sure decision-making is done in an efficient manner, a timely manner, and the right decisions are being made. that is the first thing. the second, we want the government to be proactive to littering services. manus: is the government prepared to be experimental with ai? >> we already are. [indiscernible] if it is good, we expand that. it is coming from around the world and implementing it. emily: that was the minister of state for the artificial intelligence in the uae. what does the social network due to make a reality? this is bloomberg. ♪ emily: facebook is doubling down on a successful the controversial part of its namesake app messaging. the redesign focuses on a group feature, and moving toward more private and intimate communication. here is mark zuckerberg discussing the newest addition to messaging. >> we need to make sure the service is available everywhere you are. for a mod

that was nigeria's oil minister speaking to manus in jeddah.ranny.us now, manus good to have you on the program again with an update on this oil story. what is the main takeaway? we are all in this together at this stage. that seems to be the message. stay the course. do not be fooled by high prices. that was the message she gave before the meeting -- he gave before the meeting. it is notsense necessarily a unanimous message. it was not a unanimous decision, but it was a broad-based coalition. 2012, they turned on the taps. their collective action was undermined. that is my paraphrase. if it was not unanimous, where is the split? the russians. they are only just getting to the point of compliance themselves. we have had over compliance, over delivering on the cuts, most of that by saudi arabia. russia would like there to be relaxation. barrels worthier -- where the cuts that were originally agreed. addressing the demand and the deficit when they arise. i get the sense it is a move on the russian side. anna: it must be a little bit sandy out the

manus: we have a smart city, dubai is known around the world.ill ai, how well your ministry play into the smart city evolution? omar: the idea is we want to become the smartest city, through ai, and we make sure -- want to make sure decision-making is done in a very efficient manner, a timely manner, and the right decisions are being made. this impacts peoples lives negatively -- second we want the government here to be proactive in delivering services. we want the government to give superior services to the residents or tourists of the uae manus: is the government . manus: is the government prepared to be experimental with ai in the delivery? omar: we already are. which -- we launched a lab which changes the regulations for six months. you can see the impact. it is a controlled environment, and then if it is good we expand that and make it grow. we are trying to [indiscernible] it is coming from around the world and implementing it in the uae. emily: that was omar bin sultan all obama, the minister of state for artificial intelligence in the ua

about 800 people are living on manus island and nauru, they come from all over the world.icially closed in 2017, but many migrants have stayed there because they say they have no where else to go. advocates had hoped australia's labor party would win this weeks election and implement new polices, including sending some refugees to new zealand. earlier, elaine pearson, the australia director at human rights watch, explained what type of conditions the refugees are experiencing. we have been in touch with some of the refugees. we understand three of them are in hospital and are in critical condition. we know the health situation has been dire for some time. the un described it as catastrophic last year so right or wrongly, many of the refugees had pinned their hopes on labour victory and now they are confronted really with these feelings of despair and hopelessness. we know within the camp according to the camp, more than 80% of people are suffering from conditions such as ptsd, anxiety and so on so is very grim. the author behrouz boochani, he is in on the island himself an

manus: we have a smart city, dubai is known around the world.ill ai and your ministry play into the smart city evolution? omar: the idea is we want to become the smartest city through ai and make sure decision-making is done in a very efficient manner, a timely manner, and the right decisions are being made. because [inaudible] so that is the first thing. the second, we want the government here to be proactive in delivering services. manus: is the government prepared to be experimental with ai in the delivery? omar: we already are. we launched a lab where we are able to work for six months. see the impact. it is a controlled environment, and if it is good we expand that. it is coming from around the world and we are implementing it in the uae. emily: that was the minister of state for artificial intelligence in the uae. coming up, facebook wants to be your go to place for messaging. what the social network unveiled to make it a reality at their annual f8 conference, next. this is bloomberg. ♪ emily: facebook is doubling down on a successful but

we, of course, manu gets the important interview right there. we appreciate it very much. >> we have laura jarrett, just before we go, because i want to get your reaction to what the members of the judiciary committee and the broader democratic caucus seem to be threatening. how does the justice department respond? >> if i heard nadler correctly, he said we're not afraid to use our inherent contempt authority. i take that to mean using a sergeant in arms to get the attorney general. we're a long way away from that. they haven't even subpoenaed him to appear yet, but it's quite a threat to make, i think, at this stage, especially when it's really about form over

manu raju is up there. set the stage for us. first of all, what are you learning about the democrats' approach this morning, the republicans and the senate judiciary committee, lindsey graham, the republican is the chairman, dianne feinstein is the ranking member, the democrat. what are you learning about what the democrats are planning on doing? >> reporter: democrats are going to go pretty hard at the attorney general's credibility. they will question exactly why he took the steps that he did, and also try to argue that he should not have -- why -- push him on his decision not to prosecute the president over obstruction of justice, they want to push him further on that, but they are going to try to show the differences between what was in the mueller report versus what the attorney general said publicly and ask him, of course, about that phone call that occurred between mueller and barr, as well as that letter. we will see how much the attorney general ultimately reveals. while that's going on the senate judiciary committee, t

manu raju, thank you so much. >>> let's analyze what manu is reporting out. joann epstein was chief counsel for the house judiciary democrats during the administration and a criminal defense attorney hired to represent george papadopoulos in the dnc lawsuit for full transparency. great to have you both here. i want to start on mueller and his rit -- reticence, caroline, that his team expressed he doesn't want to appear political. he never spoke over two years an doesn't want to appear political. any question is would his testimony -- would he have a point? that his testimony would diminish the mueller report and potentially his own credibility? >> well if there is one thing we know about bob mueller, it is that he doesn't like the limelight. his track record over the past two years has shown he doesn't like to be political. and to a fault really. some people would blame him for the fact that we're in this sort of conundrum on the obstruction of justice issue. but i think what most people have said about him is if you know him, we weren't going to get outside

manu raju, live from the hill. appreciate the live reporting in the rope can samples, to me the most telling was the newly indiana senator who said if the president is for it, i'm for t.in other words, it's his call. otherwise i'm not running afoul of him. >> that's where you've seen republicans, you know, kind of hang for the last two years. they want to be with the president. i do think though there is -- there are some cracks in this republican coalition on this question, and you've heard some democrats say, hey, if the report is all good for donald trump, why not have bob mueller come up there? wouldn't that actually bolster his case? of course to manu's point, what democrats want to dive into is messier. there's not a clean clear answer like this is on collusion and conspiracy and the question that they want to ask mueller and try to get him to answer under oath is if the president was not president would you have had enough material to indict him? >> mitch mcconnell goes to the floor and says case close and s

we, of course, manu gets the important interview right there. we appreciate it very much. >> we have laura jarrett, just before we go, because i want to get your reaction to what the members of the judiciary committee and the broader democratic caucus seem to be threatening. how does the justice department respond? >> if i heard nadler correctly, he said we're not afraid to use our inherent contempt authority. i take that to mean using a sergeant in arms to get the attorney general. we're a long way away from that. they haven't even subpoenaed him to appear yet, but it's quite a threat to make, i think, at this stage, especially when it's really about form over substance. it's really about the issue of just having the staff question him. that's where the stalemate it and it's kind of a constitutional stalemate. there's no provision in the constitution that says members of congress get to, you know, investigate in this way. so it's really going to be an interesting question to see whether the courts want to weigh in on this and how they come out.

cnn's manu raju has more from capitol hill. >> reporter: house democrats are planning to move forward to hold the attorney general in contempt of congress if he does not meet their demands. one of their demands, to turn over the full mueller report, the underlying evidence, everything they have been asking for. so far, the justice department only offering a less redacted report that does not include the grand jury information that democrats are demanding and only allowing that report to be reviewed by a small number of members, 12 to be impact, after barr's appearance before the senate judiciary committee, the speaker of the house made very clear that she believes that the attorney general lied to congress when he previously testified that he was not aware of concerns from the special counsel's team about his handling of the report, and she made some pretty dramatic remarks saying the attorney general committed a crime. >> he lied to congress. he lied to congress. and if anybody else did that, it would be considered a crime. nobody is above the law. >> the justice department pushed ba

manu is right. you just see certain people who are -- the words are, you know, if you're using a one to ten dial they were at sort of a seven and now they are at the 8 1/2 and nine. not sure whether it goes to eleven like "spinal tap" but for some members it probably does. a sign of where she is. she just called what basically is an emergency meeting for 9:00 a.m. tomorrow to have her caucus hash this out. that meeting wasn't on the schedule until this morning. they -- they saw what happened. >> they just had a meeting. >> you have to keep having meetings you're trying to manage the plot. >> they had multiple meetings last night they had to call because they realized this push was happening to start the impeachment inquiry, not necessarily impeachment proceedings, and the argument from those democrats on judiciary is, well, we want to get this information, and this is a way to get it, and then the counterargument from democrats who are still not there yet is, look, we just got a win in the courts wh

manus: tesla shares dip below $200 for the first time since

great stuff, manu. great stuff. what does all of that mean then for the big meeting that's about to go down at the white house? kaitlan collins is there, of course. she joins me now. the idea was for this meeting to be about infrastructure and how they can pay for such a big plan they would like to see come together. it would seem hard to ignore that the house speaker just accused the president of a cover-up minutes before walking in. >> yeah. typically, it doesn't bode well for negotiations when the person you're sitting down with to talk about infrastructure has just accused you of engaging in a cover-up, some of the strongest language we've seen from nancy pelosi. we've seen that, remember, back during the state of the union, the president said he would not be able to work with democrats on legislation if they were investigating him. now, in recent weeks we've seen not only those investigations ramp up, but turn more tense as the white house keeps pushing back on all of their requests for democrats, not only for

let's go to our senior congressional correspondent, manu raju. lindsey graham, the republican chairman of the judiciary committee, has written a letter to the special counsel, robert mueller. what did he say? >> he's giving the special counsel an opportunity to clarify anything from bill barr's testimony before the senate judiciary committee this week. in that testimony, bill barr discussed in interactions that we had with the special counsel after barr sent that four-page letter, outlining the top-line conclusions of the mueller report. it has since been revealed that mueller wrote a letter to bill barr, saying that it did not fully capture the context, nature, and substance of his report. and then barr testified that he had a phone call with mueller afterwards. and in that phone call, according to barr's testimony, mueller raised concerns about the media portrayal of the letter and said that the executive summaries of the mueller report should be released in order to give the public a better understanding of what happened. so lindsey graham wri

manu, let me start with you. we have the house judiciary voting in favor of holding bill barr in contempt. with all of this, where do things stand now? >> on the contempt issue, we expect the full house to take up the matter in the coming days. pelosi said this morning she plans to wrap this up into several potentially other people who are being held in contempt. that's a thing they're considering, so that could take time. other individuals have been threatened to be hild in contempt, including don mcgahn if he does not appear before the house judiciary committee. at the same time, a showdown in the senate intelligence committee issued a subpoena to donald trump jr. to appear to answer more questions after he testified first in 2017. now, trump jr. is fighting that subpoena. he's considering not showing up or even taking the fifth if he were to show up. this all stems from a number of questions some democrats have that perhaps he wasn't consistent in his first line of questioning, his first testimony, and also fo

manu, what are you learning? jerry nadler to make some remarks about this in just a matter of minutes. we do expect him to raise some significant concerns about the lack of compliance and potentially warn of a subpoena, detail exactly his plans about issuing that subpoena. i had asked him whether or not thursday he would use that moment of barr not showing up to actually deliver and serve that subpoena to the attorney general. he said that he would not commit, initially. we'll see if he lays out more details. but they've been also waiting all day to get a clear response from the justice department, from their initial subpoena request, for the full unredacted mueller report, as well as the underlying evidence. there's no expectation that the justice department will comply with that request. so nadler is expected to make some remarks about his next steps there and what democrats have been saying about that, wolf, is that they will go to court, try to force the release of the full unredacted mueller report and the u

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manu raju on capitol hill, thanks so much. joining me now is democratic congresswoman and former chief of police with orlando, florida, val demmings. she serves on the house judiciary committee. congresswoman, thanks so much for joining us. we appreciate it. your committee just issued subpoenas for hope hicks, the former white house communications director, and for annie donaldson, the former chief of staff for white house counsel don mcgahn. what specifically does the committee, do you want to ask them about. >> hi, jake. well, it's great to be here. and right, it's been quite a day. history has dealt us a very unusual, but a critical hand during this period. and in terms of judiciary and the oversight responsibility that we have. we are proceeding forward. these are people who we, from the very beginning, wanted to get in front of the committee, ask them questions about what they know about the ten incidences of instruction that are mentioned in the mueller report, involving the president. and so we're moving forward. as you

let's go to manu raju on capitol hill. what are you learning, manu?st spoke with the house intelligence committee chairman about the subpoena he had issued to the justice department to turn over counterintelligence information gleaned during the mueller probe and that counterintelligence agency has not been turned over to the satisfaction of the chairman. now the chairman adam schiff plans to take what he's calling, quote, enforcement action against the justice department next week. i asked him specifically what do you mean by enforce, action? he would not say. he said he's going to consult with the house general counsel, and the committee will take a vote next week to take this enforcement action presumably in the past, he's said potentially holding bill barr, the attorney general in context, which is a separate committee. the house jieudiciary committee voted to do but we will see if they decide to do. the committee also announced they will hold a vote in the committee to release transcripts and exhibits of michael cohen, the president's former atto

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let me get right over to manu raju on capitol hill. this is all tied together now, manu. seems to be laying down, is it a new ultimatum? >> a new offer from the house judiciary chairman to the attorney general, bill barr, in saying that if this is not complied with to the democrats' satisfaction, that jerry nadler plans to move forward with contempt proceedings neck week for the attorney general. now, in this letter, there are four conditions that nadler lays out asking the justice department to comply with the demands, the subpoena that was issued and expired yesterday to turn over the full mueller report and the underlying evidence. as part of this, nadler has four demands. he wants the full report, he wants all members of congress to see what's behind those blacked out lines. he's asking for a court order to release the grand jury information that the justice department has not been willing to give to capitol hill. he also said they're looking to prioritize what information should come to capitol hill first. the significant thing he offers here, jerry nadler, they're p

important reporting, manu. thank you for being there, as always. >> all right, we're joined by former federal prosecutor and cnn legal analyst jennifer rogers. the president of the united states engaged in a cover-up. it's hard not to recall nixon here, right? at least in terms of the way you now have the most powerful democrat in the land discussing this issue. >> yeah, there's so many parallels to nixon, obviously. and we had so many pieces of evidence of a cover-up in the mueller report itself when you look at the evidence of the obstruction on that. and now we have -- i don't know if it's a cover-up or hiding. i mean, they're just hiding information. there's no question that dems are having a terrible time getting the fruits of the mueller report and other information that they need to do their oversight role. >> her argument about a cover-up is clearly by stonewalling, by leaving empty chairs at hearings for the attorney general and former white house counsel don mcgahn, by refusing to turn over subpoenaed

as manu said, congress can still go to the court.erts will tell you we are in a full on constitutional crisis when or if the administration starts ignoring court orders. when the powers that the framers set up essentially break down. we are not there, yet. they are playing this delaying game, essentially, which could put us in a political crisis, which is a different thing and the branches aren't responding to each other and the government is in a real stalemate where nothing happens. that seems more likely now. >> the question being, where do we go from here? mitch mcconnell and nancy pelosi weighed in on that yesterday. >> special counsel's finding is clear. case closed. case closed. this ought to be good news for everyone. my democratic colleagues are publicly working through the five stages of grief. >> trump is goating us to impeach him. that's what he's doing, every single day. he's taunting, taunting, taunting, because he knows that it would be very divisive in the country, but he doesn't really care, just wants to solidify hi

. >> let's go to mu knew -- manu raju on capitol hill. first on our reporting, what do you know about this latest refusal to cooperate? >> the white house is going to say that mcgahn should not be forced to testify before the house judiciary committee even though he's facing a subpoena. they're going to make the case they have a couple options they're considering. one to say he's immune from testifying before congressional committee because he was a former senior level adviser at the white house. also there's talk about invoking executive privilege. that's something the white house did in the aftermath of the decision by the democrats to hold the attorney general in contempt because of his refusal to turn over the unredacted mueller report. they invoked executive privilege and said the democrats could not get that information. now, here the second time that don mcgahn has not turned over information to the house judiciary committee despite facing the subpoena because of instructions from the white house. the first time was when he was req

our colleagues, laura jarrett over at the justice department, laura jarrett and manu raju has discovered that the special counsel's team has been reticent to send imto capitol hill. they don't want him to appear political after saying two years saying almost nothing relating to his investigation. the investigation is ongoing and and william barr has said it's up to bob. that's a direct quote with an interview with "the wall street journal" as to whether or not he testifies. there's been some talk about having testimony in a closed-door setting. that may be a way to secure the. i've talked to democrats up here who say they want that testimony at least in part to be in public. and as of that moment, that has not been secured. >> phil mattingly up on capitol hill, thank you very much. let's go to our chief white house correspondent, jim acosta. jim, the president and his team, they're not giving an inch in this battle. and now these two new subpoenas are coming forward. any reaction, first of all, from there? >> not yet, wolf, but if past is prologue, the white house are showing no signs of