now we will turn to mark crumpton whose microphone is now working. mark: we will try this again.hina is striking back at the u.s.. beijing is freezing port visits by u.s. warships after threatening to retaliate from president trump signing the bill backing protesters. -- theals package appellate body upholds or modifies wto rulings, the most important function of the geneva-based trade organization. the u.s. is blocking new appointments to the panel on white house claims the wto has overstepped its mandate and infringes on american sovereignty. as we've been reporting in germany, angela merkel's party is playing hardball. the christian democrats have told the social democrats there'll be no renegotiation of the terms of their alliance and they can quit the governing coalition if they cannot accept that. the social democrats have picked new leaders who say they will demand policy changes. joe biden is trying to breathe new life into his campaign in iowa. it is a place where he struggles despite leading the field and most national polls. joe biden kicked off an eight-day bus tour t

we turn out a mark crumpton for first word news. mark: house investigators are making their closing arguments in the case against president trump. at the same time, they will keep debating how far they want to go in drafting articles of impeachment. judiciary committee chairman jerrold nadler says the president is likely to be accused of abuse of power and obstruction of government. who killedunman three people in florida on friday had apparently gone on twitter shortly before the shooting to criticize u.s. support of israel and accuse america of being anti-muslim. officials are treating the shooting is an act of terrorism. they are trying to determine whether the killer acted alone or was part of a larger plot. the gunman who was in the u.s. to learn to fly was killed by a sheriff's deputy during the rampage. the supreme court has left intact a controversial kentucky law known as informed consent. it requires doctors who perform abortions to first show the woman an ultrasound and give her a detailed description of the fetus, even if

i'm mark crumpton. this is bloomberg. has earmarked more than $400 million to boost election live from bloomberg world headquarters, i'm shery ahn. amanda: live in toronto, i am amanda lang. welcome to bloomberg markets. your are the top stories we are following from around the world. step forward for the new nafta. the house of representatives has geared up to vote to ratify president trump's trade deal between the u.s., mexico, and canada. u.s. stocks rising to record highs. the s&p 500 broke 3200 for the first time ever as investors look ahead to the new year. plus, a steeper yield curve showing signs of optimism in the bondthe s&p 500 broke 3200 for e first time ever as investors look ahead to the new year. plus, a steeper yield curve showing signs of optimism in the bond market. the 2/10 spread has widened amid rising inflation expectations and improving growth outlook. shery: let's get started with a quick check of the major averages. u.s. stocks at record highs with consumer and communication stocks leading the gai

let's check in on bloomberg first word news with mark crumpton. ident trump says turkey is trying to curb the violence in northwest syria but its efforts are being undermined. on twitter, mr. trump accused russia, iran, and the syrian government of killing thousands of civilians. he says turkey is "working hard to stop the carnage." backed and the russian breakaway regions are planning to conduct a prisoner swap on december 29. a russian newspaper says president vladimir putin and ukrainian president zelensky agreed on a new exchange of prisoners at peace talks held in paris earlier this month. it remains unclear how much these people will be included in the swap. japanese officials are urging business leaders to pay their employees more. shinzo abe and the bank of japan governor spoke at an annual business gathering in tokyo today. they told companies boosting wages would help strengthen the country's economy. japan's week wage growth has been a hurdle to long price gains. trade officials say wages rose an average of 2.1% this year. paris, the fir

i am mark crumpton. bloomberg. david: coming up, a crowded primary field with an establishment front runner. why joe biden leads in the 2020 primary might look a lot like mitt romney's in 2012. we talk with kyle contact next. ons is "balance of power" bloomberg television and radio. ♪ >>>> the house committee on the judiciary is introducing two articles of impeachment, charging the president of the united states, donald j. trump, with committing high crimes and misdemeanors. >> this is a day we have been working to and working for on the path to gas. there is no question that this trade agreement is much better than nafta. split screenrkable on capitol hill with nancy -- a solemn day as chairman nadler announced two articles of impeachment and two hours later she returned to camera to announce a day we've been waiting for, an agreement with president trump the usmca trade deal. here to take us through the politics of it all is kyle conduct. dik.yle kon what is the strategy? on the one hand you're giving president t

for bloomberg first word news, we go to mark crumpton. it is one of the most important decisions house democrats will make in the impeachment process. that is, who will prosecute the president in next year's senate trial? bloomberg has learned house intelligence committee chairman adam schiff and judiciary chairman jerrold nadler are expected to be named to trial managers team. the announcement is likely to happen tomorrow. that is when the house votes on the articles of impeachment. a former top trump campaign aide who became a star witness for special counsel robert mueller is headed to prison. he was sentenced to 45 days behind bars. gates's testimony helped convict roger stone and sent former trump campaign manager paul manafort to prison. sentencing, the judge praised his work for the government but imposed a jail time for tax on lobbying crimes. in france, teachers, doctors, eiffel tower employees and workers across the country's labor force walked off the job today to join the nearly two week old strike against proposed pension refo

now we turn to mark crumpton who is here with bloomberg first word news. mark: it will soon be harder for california businesses to treat workers as independent contractors. beginning next week, a new law will restrict the use of labor. the legislation is aimed at creating and equities on the growth of the gig economy and improving employment practices. critics worry legislation could use smaller forms that contractors due to budget and staffing restraint. federal regulators unveiled a sweeping proposal that mandates the tracking of most rounds. the faa says the measure would promote public safety and help prevent terrorism. the rules call for a massive new tracking network that can spot the devices flying anywhere. the united states has dropped payingand on south korea five times more to host its military personnel. the deal comes days before a troop funding bill was set to expire. south korean media reported the u.s. softened its stance after seoul threaten to buy american weapons and offered to step up its presence in the strait of hormuz and help u.s. ef

for bloomberg first word news, we go to mark crumpton. now that president trump has been impeached by the house, the senate must decide the timing and structure of the trial to be held gear. nancy pelosi says there is precedent for her decision to delay announcing her list of house impeachment managers. >> the next thing for us will be when we see the process that is set forth in the senate, then we will know the number of managers that we may have to go forward, and who we would choose. mark: responding to mitch comments, slamming the impeachment, speaker pelosi said the nation's founders didn't expect to have a rogue president and wrote leader of the senate at the same time. one of president trump's staunchest allies in the house will not seek reelection. north carolina congressman mark meadows may even lead congress before his current term expires. meadows told politico's work with mr. trump's administration is only beginning. since the president took office, he has been one of the closest advisers to the president in congress. queen el

mark: i'm mark crumpton with bloomberg's first word news. in southern australia, temperatures soaring to a blistering 108 degrees today. farther east, firefighters continue to battle brushfires. they are trying to gain more ground on the blazes before a heat wave hits that area, too. about 70 fires are burning across australia. nearly half of them are not contained. dozens of homes have been destroyed. about a dozen people injured after a nitrogen tank exploded at a beechcraft manufacturing facility out of wichita, kansas. the blast caused part of the building to collapse. because of the explosion is under investigation. rescuers resumed the search today for a tour helicopter carrying seven people that disappeared during a trip to one of the most rugged and remote coastlines of hawaii. a coast guard statement said that the helicopter company contacted the guard about 45 minutes after the aircraft was 'se back from a tour of hawaii nepali coast. the coast guard added the chopper was carrying a pilot and six passengers, two of whom were believ

we turned out a mark crumpton with bloomberg first word news. mark: a historic day on capitol hill. after hours of debate the democratic-controlled chamber is expected to make donald trump only the third u.s. president to be impeached. the president is accused of abuse of power and obstruction of congress. impeachment would set the stage for trial in the senate next month. the republicans who control that chamber made it clear they will acquit the president. stanley druckenmiller, the investor renowned for making huge aggressive bets, including one that infamously broke the bank of england. it is not that the billionaire investor has sworn off taking risks, but he tells are erik schatzker in an exclusive interview that the current state of politics in our country has him unsure about what investments are safe. ,tanley: this administration with worrying about where the hell the next bomb is coming from does not allow me to take some of the positions i have taken historically where i thought it was a one-way bet. this was always binary and a two way back. mark: stanley druckenmiller i

right now, we want to turn to mark crumpton. mark: nancy pelosi and mitch mcconnell are at an impasse over impeachment. the speaker says she won't transfer the articles of impeachment of the senate lays out the procedures for the trial. mcconnell says the house have no leverage to dictate terms. the united states is watching north korea for signs of a possible missile launch for nuclear test. officials are referring to it as a christmas surprise. a significant launch for test would mean the end of the moratorium and raise tensions in the reason. there is a possible christmas gift in early december. the trump administration is running out of time to salvage nuclear negotiations. mps voted for the brexit bill. the prime minister opened debate by declaring his legislation offers no possibility for a further delay. it would take the u.k. out of the european union union by january 31. of queen elizabeth has been admitted to the hospital. he was admitted as a precautionary measure for treatment of a pre-existing condition. philip is al

mark: i'm mark crumpton with bloomberg first word news.ent trump is reimpose in tears on steel and aluminum from brazil and argentina. the president tweeted that both countries have been presiding over a massive devaluation of their currencies, and that he says is not good for american farmers. the president also called on the federal reserve to lower interest rates. the wto says the european union is not complying with an order to and illegal subsidies for airbus. a compliance panel ruled the eu had not taken sufficient steps to end the harm to airbus's rival boeing. that is what prompted the pump that trump administration to inose tariffs on eu goods october. the block is expected to appeal. presidential candidate joe biden is trying to breathe life into his campaign in iowa. it's a place where he struggled despite leading the field and most national polls. biden kicked off an eight-day bus tour this weekend. 3 arewa caucuses february the first test for the democratic field. the swiss government says it will produce a 20 frank silver coi

we turned to mark crumpton with first word news. mark: at least a dozen people died and nearly 50 others have been injured after a plane crash shortly after takeoff in southeastern kazakhstan. local authorities have grounded the rest of the budget carrier's fleet. the aircraft was carrying 90 people, including five crewmembers. the philippines has banned dick durbin and patrick leahy from entering the country after the two introduced a provision in the 2020 budget that would prevent filipino officials involved in the incarceration of a senator from entering the u.s.. manella also said it will impose visa restrictions on americans entering the country if washington pushes ahead with the sanctions. russia says it is not willing to expand a you and improved arms embargo on iran. secretary of state mike pompeo warned allowing renewed weapon sales to iran would mean the country would be "unreached to create new global turmoil." the 2015part of nuclear deal with iran. the u.s. withdrew from that pact last year. a massive storm system barre

mark: i am mark crumpton with first word news. acted properly when it began a broad investigation into whether then-kennedy donald trump or people around him conspired with russia to interfere in the 2016 election, according to a new report from the justice department's inspector general. the report finds the fbi had an authorized purpose when it opened the probe. president trump and allies have alleged he was targeted by politically motivated spying in an effort to undermine his candidacy and his presidency. the trumphas learned administration and house democrats are on the verge of announcing a handshake deal on the u.s.-mexico-canada free trade agreement. mexico's negotiator returns to washington today. leaders of canada, mexico, and the u.s. signed the agreement which would replace nafta more than a year ago. cnbc is reporting that the white house and democrats have reached a deal that they vote possible on december 18. the saudi government killed three people at the pensacola naval base friday, apparently going on twitter bef

i am mark crumpton. this is bloomberg. ♪ bloomberg new york. >> welcome to bloomberg markets. >> we have top stories following around the world. >> as martin mentioned the u.s. house is in the middle of a debate. it will result in donald trump becoming the third president in history to be impeached. does trade progress mean for latin america? we will have an exclusive inter vivos with the bise minister of trade. fedexcup the forecast as e-commerce's wheezes -- squeezes markets. let's get a check on the markets. quiet could be a word to describe them. trading near global high. we should not on the impeachment date the s&p 500 is close to flat. x as a realg fed drag on this one. down 10% with the breathtakingly bad quarter. we are seeing attack showing leadership. -- tech showing leadership. i want to zero in on one canadian stock. it may have been the newsmaker of the year. one of these candles that dogged our prime minister at the time. our newly elected prime minister, s&p settled for fraud charges. it

i am mark crumpton. this is bloomberg. ♪ vonnie: live from bloomberg's world headquarters in new york, i am vonnie quinn. amanda: here are the top stories we are following around the world. out with the old, in with the same. bailey will be the 121st governor of the central bank. he succeeds mark carney stepping in in march shepherding the u.k. through brexit. said it will idle major operations at factories near detroit laying off more than 1500 workers and slashing dividends. apple explores the final frontier. bloomberg has learned the tech giant has a secret team working satellites that could beam data directly to devices. vonnie: it is friday. we got a raft of data a little disappointing. thanve the s&p 500 up more .5%. we made it to the 3200 level and continued on without problems. the 10-year yield is 1.92. the dollar index higher as well. wtiave around round-trip on almost as far as 62 and are now down 1.5%. chart to point to this which shows the index rebounding spurring volatility. amanda: it is

here's mark crumpton. : european commission president ursula von der leyen tells a french newspaper she is worried by how little time is a long-term trade deal with the eu by the end of 2020. she says that as optimistic. after a landslide primary victory, is really prime minister benjamin netanyahu is looking ahead. he will need a big win in elections in march to stay ahead , and gain an majority in parliament willing to grant him immunity. in australia, temperatures soared to a blistering 108 degrees today, 42 degrees celsius. further east, firefighters continue to battle brushfires, trying to gain more ground on the blazes for a heat wave hits this weekend. about 70 fires are burning across australia. nearly half are not contained. they have destroyed dozens of homes. russia has confirmed it will appeal its four year olympic man for manipulating -- olympic ban for manipulating doping data. the russian anti-doping agency disagrees with the sanctions imposed by the world anti-doping agency. the case now hea

mark: i am mark crumpton.elosi says the chamber will draft articles of impeachment against president trump. the speaker called the facts uncontested. the president abused his power for his own personal benefit. chairman tong our proceed with articles of impeachment. i commend our chairs and members for their somber approach to actions i was the president had not made necessary. mark: the president was defiant on twitter. he said the democrats had no case and he challenged them to move quickly so the nation can move on. turkey says it will not fight i need a plan to boost the defense of poland and baltic states neighboring russia. turkey expects its allies to support his country in its fight against terrorism. turkey threatened not to endorse the plan for poland and the baltic nations, but after other members criticized its military operations in syria. the state department is accusing iranian security forces of killing more than 1000

now we turn to mark crumpton first word news. mark: in jersey city, new jersey, the mayor says the gunmen in yesterday's shootout targeted a jewish it market. that left six people dead, including a police and two suspects. officials have not called it a terrorist attack. french officials are trying to calm a nationwide protest against pension reform. the government says for retirement age will be increased for the country's youngest, but offered a series of concessions. they include the country's first-ever minimum pension, which would replace a complicated pension system that included dozens of special privileges for some sectors. the announcement came a day after more than 300,000 protested across france. ,n other news, greta thunberg the activist behind a global way the student strikes has been named timed magazines youngest ever person of the year. the 16-year-old spoke at a united nations conference in madrid, telling delegates rich nations are not doing enough to solve the climate crisis. greta thunberg says she was surprise

i'm mark crumpton. this is bloomberg. shery: live from bloomberg world headquarters in new york, i'm shery ahn. amanda: live in toronto, i'm amanda lang. we are joined by our bloomberg and bnn bloomberg audiences. andy: president trump macron are pulling forth dueling visions of nato as the leader defends a $2.4 billion tariff threat on french goods. the bank of montreal makes the industry's deepest job cuts in years. we have a roundup. an act of work. a cyber attack is pitting it against insurers. the question is who pays for the damage? amanda: quick check on the major averages here. we have some degree of negativity out there, and thanks, part two a new pessimism on just how long trade talks and tariffs may continue with the u.s. president saying this could not be resolved until after the next presidential election. the fundamentals being watched closely across the broad markets. earnings are still in focus. in the s&p 500, only real estate and utilities moving higher. financials, industrials, consumer discretionary, d

let's turn to mark crumpton for bloomberg first word news. mark: one democratic lawmaker says he is keeping an open mind when it comes to the president impeachment trial. alabama democratic senator doug jones says his colleagues have some gaps in their case. is calling the allegations against president trump an impeachable matter" but he needs to hear cooperating testimony before making up his mind. dennis muilenburg is out as boeing ceo. -- involving its top-selling jetline. the 737 max has been grounded since march and boeing has temporarily halted its output. david calhoun will replace dennis muilenburg. the former ge executive has been serving as chairman since october. in spain, state prosecutors are asking a judge to maintain the international arrest warrant for the former catalan leader. the two are attempting to take seats in the parliament. they are wanted in spain for their roles in of former 2017 succession bit by the catalan government and separatist lawmakers. the men fled to belgium after the attempt failed. a tiny community near

i'm mark crumpton. this is bloomberg.ve from bloomberg world headquarters in new york, i'm shery ahn. >> live in toronto, i'm jon erlichman in for amanda lang. by our bloomberg and bnn bloomberg audiences. shery: new leadership at boeing. ceo dennis muilenburg is out. the board has named david calhoun as president and ceo effective january 13. it is the stuff of hollywood in treat. credit suisse is drawn deeper into spying scandals, placing the blame on the shoulders of its former coo. the daily fantasy sports company draft came's it is merging with a special-purpose acquisition company, allowing it to become public while forgoing the typical ipo process. shery: jon: [no audio] jon:shery: jon: we have seen res once again for the s&p 500 and nasdaq. toronto.ing out in the eight gained in nine sessions. optimism surrounding china, cutting tariffs on a wide range of goods. some optimistic fund flow information, the bank of america reading of where equity fund flows are going suggest that over the last week we have seen the h

i am mark crumpton. this is bloomberg. indeed.nk you very much our stock of the hour is next.e looking at how a star performer this year is getting stronger. find out in a few minutes time what it is. this is bloomberg. ♪ guy: u.s. government officials in huawei continues -- back 2012, thousand intelligence committee called huawei a threat to national security. worse asgotten companies prepared to spend on 5g technology. governments are wary of using 5g technology that could hand over information to their home countries. a fixed is into a found bank because of huawei equipment. the u.s. has called on allies not use huawei to build their 5g networks. -- the those allies have u.s. has also made it tougher to sell in the united states and buy parts from u.s. suppliers. that is today's quicktake. let's talk about our stock of the hour. it is strong and getting stronger. isy is building -- amd building on performance in the s&p this year. a prominent analyst raises the target. taylor riggs is looking at how good it could get. taylor: this is a crazy story. up 2% for the day. the be

we turned to mark crumpton for first word news. rk: the house judiciary committee has rejected republican jim jordan's amendment that would've eliminated the first article of impeachment against president trump on that which accuses him of abuse of power. the vote was 17-23 along party lines. it was the first vote on an amendment after about three hours of debate. at the end of the day, lawmakers will be asked to decide whether to send two articles of impeachment to the house floor for debate and vote. the president says united states and china are close to signing a big trade deal. he tweeted "they wanted and so do we!" that tracks with remarks he made last week that he liked the idea of waiting into the 2020 elections to sign a deal. their are expectations of a tariff increase plan for sunday will be called off by those -- while those tops progress. -- while those talks progressed. greenpeace activist scale the building in brussels warning of a climate emergency. the meeting came as the blocks leaders gathered at the start of a su

i'm mark crumpton. this is bloomberg. >> live from bloomberg world headquarters in new york, i am vonnie quinn. toronto, i amn amanda lang. welcome to bloomberg markets. here are the top stories we are following from around the world. china and the u.s. have agreed on the text of a phase one trade deal. we will have more details. the starts on brexit as boris johnson's decisive victory puts the u.k. on course to leave the european union next month. here are the top stories we are following from around the world. deutsche bank's bonus blues, the bank is considering deep cuts to bonuses this year as the chief executive tries to cut cost and a radical restructuring. on the let's get a check major averages, two and a half hours left in the trading day. it has been a flippy day but it started out great to know when it looked like there would be a definitive trade deal. it didn't turn out to be the case. the s&p 500 up just two points now. deutsche up just three points. here is where all the action was today.

we go now to mark crumpton for first word news. -- judiciary committee is holding its first hearing on whether to draw articles of impeachment. jerry nadler opened the hearing by saying mr. trump has displayed what he called a clear pattern of misbehavior. chairman nadler said the president welcomed interference in the 2016 election and demanded it for the 2020 election. doug collins is that democrats are pursuing impeachment simply because they don't like president trump. mr. trump fired back at canada's prime minister, justin trudeau, at the nato summit in london. , here'saptured on video how president trump responded. , i called hims out on the fact that he has -- and he's not very happy about it. >> the president was referring to the amount of canada's gdp devoted to defense. and francis preparing for transit strikes. this will disrupt trade, buses, and airline services. in paris where workers unions are planning to march on thursday, there is possible violence and a warning for all businesses and restaurants to close. their op

mark: i am mark crumpton was "first word" news.pitol hill, the house has officially scheduled votes for wednesday on the impeachment of president trump. adoption would make him only the third president in u.s. history to be impeached. ranking democrat steny hoyer says the two articles will be voted on separately. democratic leaders are not urging members to vote for the measures, he said, adding that each member will have to make their own decision. pakistan's former president has been sentenced to death for high treason. a special court convicted pervez musharraf of violating the constitution by unlawfully declaring emergency rule while he was in power. he has lived in self-imposed exile in dubai for the use.-- three years. he ruled pakistan until 2008. sharraf'sa'-- mu attorneys say he will appeal. boris johnson will not attend the economic forum in davos, switzerland, next month and is banning his ministers from going w

i'm mark crumpton. this is bloomberg.: from bloomberg world headquarters in new york, and from our san francisco office, this is bloomberg markets. i'm scarlet fu. taylor: i'm taylor riggs. scarlet: when we look at economic data this week, it's been fairly mixed, keeping hopes for another rate cut in play. sales increased in november while durable goods showed unexpected weakness. off by 2%. here with more on what the mixed picture for the economy means for fed policy is ed al-hussainy. great to see you. interesting, you are pretty bearish versus the consensus. everyone sees the economy doing really well compared to the rest of the world, forecasting more gains, the fed not needing to do anything. you see the possibility of additional rate cuts needed. explain your case. i think the growth and inflation mix we have at the moment is actually pretty well priced by the curve. less than one cut in the curve at the moment. we have an inflation story where we are doing some repair work versus the third quarter right now. the up

i am mark crumpton.his is bloomberg. ♪ ♪ vonnie: live from bloomberg world -- live from bloomberg world had letters in new york, i am shery ahn. amanda: welcome to bloomberg markets. here are top stories from around the world. don't pop the champagne yet. a trade deal will buy xi jinping more time before his next battle with the u.s. amanda: boeing shares dropped the most in nearly two months as the company made halting production ash may help production of the embattled 737 max. shery: 3000 miles away from the action, one of the best performing hedge funds investing in europe is not on the continent. it is in connecticut. a focus on european growth is paying off. quick check on the major averages. we have a positive session. the s&p 500 pretty close to session highs. we can thank positive momentum on trade for one of the factors here. just shy of 1%. we do see tech leading the way higher. health care and energy are also strong for the broader market. for the dow, the real standout is industrials. boeing

. ♪ ♪ mark crumpton first word news.oting to impeach president trump, the house gave approving a trade, rewrite of the 25-year-old free-trade agreement. the revamped trade deal includes updates to reflect the modern economy, including provisions on e-commerce and trade. some of the biggest impacts in ,he u.s. automotive industry workers earning an average of at least $16 an hour. pelosiccarthy says nancy knows the outcome of an impeachment trial is not good for democrats. he says at the end of the day the american public needs to move on. his comments came today as speaker policy declined to say when or whether she would send the charges to the senate. mccarthy spoke to reporters today at his weekly press briefing. >> you watched what transformed last night on this floor. the weakest, thinnest, fastest impeachment in u.s. history. schumer admitted that what happened on this floor over here was wrong. now we have the speaker of the house so embarrassed that she will not even send it to the senate. tweeted the trump senate

i am mark crumpton. this is bloomberg.bale outlook growth looking a bit brighter after the u.s. and china finally agreed on the first part of a deal. the team at stratfor is still weaving the caution flag. joining us from austin, texas, is rodger baker. walk us through some of the areas where we might see localized crises that come on their own, might not be a big deal, but if they happen simultaneously, could be something that destabilizes the global economy and global world order. rodger: one place we are looking at is argentina, people are used to crises and default, but we are optimistic in looking at argentina's ability to avoid default this year. through north africa and the middle east, there is a combination of social and economic instability on the rise, places like egypt and turkey where we could see more of these issues, where the government is working to manage some of the social issues, but could lose control of that in a fairly rapid way. tog kong, we expect in march see the protests pick up again. stretching

mark: i am mark crumpton with bloomberg word news.dent trump will hold his first rally in 2020 in ohio this month, potentially coinciding with the beginnings of the senate impeachment trial. the trump campaign says he will keep the america great rally in toledo. trial ise impeachment expected to start that week. ohio in 2016. a community near the canadian order known forecasting the needn's first ballots may to skip that tradition in 2020. election officials say they are missing a required official needed in order to hold an election. the current population is four. investigators are going room by room at a las vegas apartment building where six people were l and 13 were injured in a fire over the weekend. authorities say the predawn fire appeared to start saturday around a stove, forcing some residents to drop from upper floor windows. the fire marshal said there had been passed complaints at the apartments. none were pending at the time of the fire. >> it is common for buildings of have maintenance issues, doors that open and close

here is mark crumpton. mark: dennis muilenburg is out is boeing ceo.aker remains in turmoil after last year's two deadly crashes involving a top-selling jetline. the 737 max has been grounded since march. boeing has temporarily halted its output. david calhoun role-plays mullen bert as ceo and president. formermer gea of -- the general electric executive has been serving as cfo since october. saudi arabia has found six people guilty in the murder of jamal khashoggi. five people be executed for the crime and another three will be imprisoned for 24 years. turkeys foreign ministry says the convictions are unsatisfactory because they do not reveal who ordered the killing. hong kong got back to business over weekend scuffles of police and protesters. --dreds of gathered just so to show support from the chinese majority. at one point, an officer drew his gun and pointed it at demonstrators. no shots were fired in the incident. vladimir putin inaugurated a massive railway bridge to crimea. he rode a commuter train for the opening of the 11.9 mile bridge. it i

i am mark crumpton. this is bloomberg.en gold swinging gains and losses today as investors continue to assess the phase one trade deal between the u.s. and china. intecting more gains ahead 2020. joining us now, the analyst behind the bullish call. gold has had an interesting run. kind of stalled out for a while, found its mojo. i understand why you would be bullish a month ago, month and a half ago, but with the fed standing where it is now, some of the clouds clearing, why is gold still bullish? >> i think it has held up very well given that we have had risk appetite returning. toward the end of the year, scaling back in gold anyway is typical of the past five years. at the moment, we say the risk to buy gold -- not so much. there is still position that is likely to take place. we expect the fed to cut in 2021. scarlet: because of a slowdown in the economy? suki: this year, we have seen people turn to gold not just because of the event but because of geopolitical concerns. we think that we have seen a number of these ris

i'm mark crumpton. this is bloomberg.ay that will be president trump's message to allies as he makes his way to london to honor nato. but it risks becoming a show of disunity. this time, it will not just be president trump disrupting the alliance. joining us from washington with the latest we also hear from emmanuel macron, the president of france, talking a little clip how nato is not living up to what is meant to be. he said it is experiencing brain death and these comments are meant to be a wake-up call. could be a very dysfunctional gathering. along with the issues you mentioned, president macron was frustrated that president trump announced his withdrawal from northern syria without really consulting france or any of the allies. president erdogan of turkey arriving just as his country had been essentially kicked out of the f-35 program because of buying weapons systems from russia. then you have boris johnson who would probably like to get through the week looking statesman-like but wanting to avoid any gaffes that c

from bloomberg first word news, we go to mark crumpton. : is up to the full house of representatives to decide whether to impeach president trump. the house judiciary committee improved two articles of impeachment that accuse the president of abuse of congress. the democratic-controlled house is expected to make mr. trump only the third resident in u.s. history to be impeached. it is all but certain he will be acquitted and the republican-controlled senate. china and united states have agreed on the text of a phase one trade deal. the agreement will lead to the removal of tariffs on chinese goods in stages. increase, china will imports from the west. chinese official said the benefits of the deal will be felt around the world. >> the downward pressure on the world economy, the agreement globalso help boost market confidence, stabilize market expectations, and create an environment for normal economic trade and investment activities. mark: on twitter, president trump called it " an amazing deal for all." boris johnson has redrawn the politic

mark: i'm mark crumpton. we are following the developing story in jersey city.ties responded to an active shooter situation. a buildingfired from injuring at least one police officer. authorities said gunmen was shooting at anyone they see on the street and that they also fired at a nearby school. we will have more details as they become available. house democrats unveiled articles of impeachment against president trump. the president is accused of abuse of power and obstruction of congress. ,> when the house investigated president trump engaged in unprecedented categorical and indiscriminate defiance of the impeachment inquiry. could voteull house on impeaching the president next week. an agreement has been reached on a revised u.s.-mexico canada trade agreement. pact wasosi says the changed to meet her demands. president trump says the deal will be great for the united states. itse democrats will vote on next week. nafta eliminated most tariffs and other trade areas involving the u.s., mexico and canada. critics including president trump, labor union and many

i'm mark crumpton. this is bloomberg.ne: for years, consumers have been trained to sit in the comfort of their own homes and shop online. yet when the holidays come around, the biggest apartment stores are using window unveiling's as a last ditch attempt against e-commerce. joining us with more on this story is our guest. all these stores are coming out with big window displays across the street -- displays. across the street from bloomberg is booming dales. >> not inside the window. they built a stage on the sidewalk in manhattan. they shut down the whole street. hundreds of people go to the street and listen to john legend sing songs. behind him, the curtain went up and there were the windows. there was a spaceman and robot arms and things like that. joe: did this turn into sales? john legend leaves and people go to buy stuff? >> they did. it is a long holiday season kind of marketing campaign. the national campaigns as well, just create hype for the store. it serves a practical story of getting people off the street an

. ♪ mark: i'm mark crumpton with bloomberg's first word news.ey city, new jersey, a police officer and multiple other people have been killed in a shooting. several others were wounded. police say two men fired from inside a building. sporadic heavy gunfire rang out over the course of at least one hour. swat teams, state police, and federal agents responded to the scene. police blocked off the area in new jersey's second largest city. authorities do not believe it was an act of terror. secretary of state mike pompeo said today that any foreign interference in american elections is in his words on acceptable. he warned russia and others that the trump administration will protect the integrity of the vote. secretary pompeo made his comments during a joint press conference with the visiting russian foreign minister at the state department before meeting with president trump at the white house. of interference in the 2016 presidential election were repeated. he said the conclusion by the u.s. intelligence community was "baseless." his visit to washi

i am mark crumpton, this is bloomberg. back to you. guy: thank you.tim clark is retire after 16 years in the role. under his leadership, dubai has become a hub connecting asia, europe, and the united states to the middle east. we are joined on the phone by george fordyce and. -- george ferguson. tim took over, and how did he transform the airline? he builtote -- george: a major super connector between europe, and asia, and then in recent years, pulling in u.s. cities. he built a huge fleet of the releas --de bodies, really stretching beyond what we would call business into dubai ondoming the head of business. connecting europe, and asia. effect thats of the he had on the aviation industry, it is hard to look at any of the major programs that have come out of boeing and airbus. had -- it is hard to look at them without seeing the impact that tim has had on it. neo-version, and upgraded option and never got it. he had a huge impact on the triple seven -- on the 777 program. hard? push too george: i think he pushed them hard for the product that emirates

now we turn to mark crumpton with first word news. mark: president trump has another round it is legal fight with congress over financial records. a three-judge panel ordered deutsche bank and capital want to turn over the records to lawmakers. the president can ask a full appeals court to consider or reconsider this decision, and if that does not work, he can go to the supreme court. in the meantime, the president says he wants to work out an "usually beneficial tax" if the u.s. cannot resolve a digital tax dispute with france. he made the remarks in a meeting in london with emmanuel macron. the u.s. may slap tariffs on nearly $2.5 billion of french wine, cheese, and other products. the move would retaliate against french levees on american tech companies, including google, apple, and amazon. france is the u.s. will retaliate if tariffs are imposed. the top european human rights official demanded the immediate closure of a makeshift tent camp in northwestern bosnia. the commissioner for the council of europe said this is not a place f

. ♪ mark: i'm mark crumpton with bloomberg first word news.ase fors a beautiful christmas rather than a missile launch. we will find out, but the surprise, we will deal with it very successfully. see what happens. everybody has surprises for me. i handle them as i come along. just the president finished thinking service members from each branch of the military via satellite when he was asked about north korea. thousands of people descended on the town of bethlehem today for the annual christmas eve parade. the main square was full of balloons, santa hats, and dancing families. shook hands with and waved to locals and foreign tourists watching and taking photographs from the ground. christmas eve journey is being tracked around the world by astronauts orbiting in the international space station. the crew is teaming up with norad to follow santa and his reindeer as he speeds around the globe. ♪ >> seasons greetings. andrew morgan reporting to you from the international space station with an update on santa's location. ♪ this just in, we have obt

david: now we turn to mark crumpton with bloomberg first word news. mark: house democrats will draft articles of impeachment against president trump. nancy pelosi says the president's actions regarding ukraine are a profound violation of the public trust. >> the president leaves us no choice but to act because he is trying to corrupt, once again, the election for his own benefit. in president has engaged abuse of power, undermining our national security and jeopardizing the integrity of our election. earlierarly -- mark: today the president urged democrats to bring their charges against him quickly so that way the nation can move beyond the matter. chinese officials say they are in close contact with their u.s. counterparts on trade negotiations. the minister of commerce again called for tariffs to be cut as part of a phase one deal. u.s. negotiators said they are confident they can get an interim agreement by december 15. boris johnson is making bold promises a week before the election. he says that if he wins he will deliver brexit, a tax cut, and ne

i'm mark crumpton. this is bloomberg.ne: we just want to bring you some breaking news involving the tax return saga with regards to u.s. president donald trump. congress and the new york attorneys have been seeking to see trump's tax returns. the supreme court has decided to review and appeal by president trump to block congress and the new york grand jury from seeing those tax returns and other financial records. this would effectively move this to a decision by the supreme court, much bigger than just tax returns. this is about immunity from investigation. what is going to on in the u.k. british prime minister boris johnson scored the biggest when for the conservative party in more than 30 years. that gives johnson the mandate he needs to pull the u.k. out of the european union in less than two months. >> your hand may have quivered over the ballot paper before you put your cross in the conservative box, and you may intend to return to labour, and if that is the case, i am humbled that you would put your trust in me and

we turned to mark crumpton for bloomberg first word news. mark: the house panel says president trump betrayed the nation for his own political gain. the judiciary committee has released a 650 page report detailing its rationale for impeachment. the president faces two articles of impeachment by democrats. the house will vote wednesday. the vote is all but certain to result in president trump's impeachment, though he is expected to be acquitted in a senate trial. the president is expected to announce american troop withdrawal -- drawdown from afghanistan as soon as this week. speaking from kabul, lindsey graham said the drawdown could begin before the end of the year. he said afghanistan's national security forces are up to the task of defending their country. still, graham has opposed to full u.s. troop withdrawal. in france, transport strikes against the planned overhaul the pension system continued for a 12 day. authorities measured a record traffic jam of 391 miles of traffic in the paris region, were only two metro lines using automated t

or bloomberg first word news, we go to mark crumpton.rities say four people are dead, including a gunman at a shooting at the naval air station in pensacola, florida. wasord on who the shooter or a possible motive. it is the second shooting this week to take place on a naval base, as sailors shot to workers and injured another before killing himself wednesday at joint base pearl harbor-hickam. frustrated travelers are facing the second day of a transit strike. unions are protesting french macron's's emmanuel plans to revamp the retirement system. most trained assistant were at a halt. major tourist attractions were forced to close. thursday, police fired tear gas and protesters set fires but most demonstrators were peaceful. of germanyders social democratic party are signaling a willingness to stick with chancellor angela merkel's government, but they want a list of demands met, including the a for chancellor angela merkelmie action on climate change. merkel said she felt deep shame today during her first ever nazi to the grounds of the

i'm mark crumpton this is bloomberg. >> i'm shery ahn. >> i'm amanda lang welcome to bloomberg markets. here are the top stories we are following. jumped to a record high as donald trump stocked up to -- stoked optimism about a trade to with china. decision,ls of a rate christine lagarde signaled cautious optimism. -- u.s.rnment regulators are ramping up efforts to counter specific -- specific suspicious transactions. where off session highs but the s&p 500 is trading at a record high on trade optimism boosting investor sentiment. we're talking about the s&p 500 being led higher by energy and financial sectors. the dow is also up one half percent. now at thet texas highest level of debt since september. gaining.ave financials look at the 10 year yield now at the highest level. at one point it was topping 1.9%. this is after four days of fluctuations. >> you mentioned financials. i want to take a closer look. we have jpmorgan, bank of america each of 3%. this is the intraday basis. a longer-term chart will show you where looking at levels not seen since october 2007. precrisis levels fo

i'm mark crumpton. this is bloomberg. ♪ >> live from bloomberg world headquarters in new york, i am vonnie quinn. we are joined by a our bloomberg and bnn bloomberg audiences. here are our top stories. the santa claus effect. traders assessing and equity rally that has added more than 5 trillion dollars to the market this year. with that last into 2020? china's record year of corporate bonds default, but don't call it a crisis. it is a plan. banking blues. financial institutions around the world are unveiling the biggest rounds of job cuts in years. we will explore what is driving the move. minutes in a next 30 here and we are halfway through a quieter friday trading session . after a couple of days of vacation in europe, back to low volume. holding on to the gains that we made. 3450 on the s&p 500. some money going into treasuries , 10-year at 1.87. crude oil has been a little volatile today. inventories showed a massive drawdown, 5 million barrels. $61.67 a barrel. down 0.6%, but year to date, up almo

i'm mark crumpton. this is bloomberg. shery: live from bloomberg world headquarters in new york, i'm shery ahn. welcome to bloomberg markets. here are the top stories that we are following from around the world. u.s. stocks ticking higher on a thin holiday trading day. amazon leads the s&p 500 thanks to record sales. $18 billion in bids. termhe fed's repo operation was under subscribed. new messages from inside boeing show concerns raised during the development of the 737 max. let's get you started with a quick check on the major averages. u.s. stocks adding two major highs. session, holiday week, but consumer companies are leading the gain. nordstrom's, macy's, jcpenney all gaining ground. the bloomberg u.s. consumer confidence index hitting a nine-week high. the nasdaq gaining 30% this year. one of the big gainers, pharmaceuticals rising 50% at the moment. earlier this month, they had announced the beginning of that phase three drug trial. they also said that terri curren would be joining as ceo of the company. take a l

i'm mark crumpton. this is bloomberg. ♪ >> from bloomberg world headquarters, i'm shery ahn. >> in toronto, i am in for amanda lang. welcome to "bloomberg markets." here are the top stories we are following around the world. - amided the smiles - the smiles, tensions are threatening to overshadow the nato summit. the $28ng big ag, billion farm bailout may be paying major growers more than the trade war with china has cost of them. larry page and sergey brin exit stage right, the founders of alphabet end their attempt to turn the company into the warren buffett of tech. sherry: let's get a check on markets. of greeneing a sea with the s&p 500 jumping the most in over one week, reversing three sessions of losses. theave another u-turn for traded narrative, more positive sentiment that we could avoid that december 15 tariff. we can see every sector on the s&p 500 and the green, energy and financials leading the gains. the financials rising as we see yields a gaining ground, this after the 10 year yield saw