secretary mnuchin: thank you. today treasury took action against venezuela's state owned oil company to help prevent the further diversion of venezuela's assets by former president maduro. the united states is holding accountable those responsible for venezuela's tragic decline. we will continue to use all of our diplomatic and economic tools to support interim president guaido, the national assembly and the venezuelan people's efforts to restore democracy. it is used for corruption, for venezuelan officials and businessman. will s sanctions of pdvsa preserve these assets for the people of venezuela where they belong. the path to sanctions relife for pdvsa is through the expeditious transfer of control to the interim president, or a subsequent democraticcally elected government. who is committed to -- democratcally elected government who is committed to taking concrete actions to combat corruption. today's actions against pdvsa follows my determination that persons operating in the venezuelan oil sector may now be

mnuchin, though, said, no, they couldn't have any further time.ow apart from the democratic committee chairs raising these concerns, a member of the house intelligence committee is raising another major red flag. which will curl your hair. congresswoman jackie speier has just sent this letter to treasure secretary steven mnuchin asking about reports of his, mnuchin's financial relationship with a business partner of oleg deripaska, a business partner of deripaska who owns a big stake in deripaska's companies and who will benefit from this lifting of sanctions on deripaska's companies. congresswoman jackie speier is asking mnuchin to please explain his business dealings with the soviet-born american billionaire. congresswoman speier called mnuchin's involvement in deciding to lift these sanctions when that will have a financial effect on len, quote, a deeply troubling matter and a conflict of interest. that's a big-deal allegation, right? saying a treasury secretary had a personal conflict of interest in a matter like this. treasury has answered th

. >>> mnuchin is in the hot seat. wanting answers by why he lifted sanctions on a russian oligarch, a friend of president putin. you know why this is interesting, steve mnuchin -- >> because when paul manafort joined the campaign, he was in the hole 19 million bucks. >> and steve mnuchin was the finance chair for the trump campaign. >> could be just the tip of the iceberg. >> one of the three big credit rating agencies now warns the united states is in danger of losing its credit rating. in a statement, saying they would watch to see if the shutdown would lead to a more pronoun pronounced dequalification in the credit rating. >> and could lead to higher borrowing costs for the u.s. treasury, companies and you and me, the american consumer. remember, the united states is always the best of the best. essential for pine trees, but maybe not for people with rheumatoid arthritis. because there are options. like an "unjection™". xeljanz xr. a once-daily pill for adults with moderate to severe ra for whom methotrexate did no

they said today mnuchin attended only one party on blavatnik's yacht and told "the new york times" mnuchinlavatnik had no business relationship though by this evening and a followup response that had become quote no direct business relationship. important revision there. right. got it. you sure that's the last one? tonight the times reports that when his company made something like $800 million just from the lifting of sanctions this weekend, $800 million, but the involvement of a treasury secretary that partied on this guy's yacht, just the one time, no direct business relationship but maybe a business relationship. astonishing allegations from congresswoman jackie spear. she joins us next. resswoman jacr she joins us next. you don't want to cancel your plans. [sneezing] cancel your cold. the 1-pill power of new advil multi-symptom cold & flu knocks out your worst symptoms. cancel your cold, not your plans. new advil multi-symptom cold & flu. this round is on me. hey, can you spot me? come on in! find your place, today, with silver sneakers... included with many medicare plans. call the n

stephen mnuchin was to have led the delegation.sident was going originally, but withdrew early on. he has also denied nancy pelosi a military plane to visit europe and afghanistan. bank indonesia says the outlook prompted its decision to hold rates at 6%. the governor said rates are part of the effort to reduce the current account deficit, and the strategy has almost reached a peak. he remains hawkish and preemptive, and fed hikes have been priced in. nissan is cutting hundreds of jobs at the mississippi pickup .lant the company is reeling from the carlos ghosn drama. it will eliminate one shift, affecting 700 staff. full-time workers will keep their jobs. 166,000 tighten and frontier pickups last year in the u.s.. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. -- nissan is cutting 700 contract workers at its mississippi pickup plant. you have lower demand in china. apple cutting back on hiring with weak iphone sales in the

mnuchin this question. we sought additional time to try to get to the bottom of this and have it be an entirely nonpartisan investigation. treasury would have no part of that after initially suggesting they were willing to meet with us. they have declined that. mr. mnuchin refused to appear in front of our ways and means committee. it is a sorted deal. if there weren't a problem with this, he would have engaged i think in a very different approach thmpt bottom line for the american people though is they are willing to do extra things to make an a russian company an ally of mr. putin get the special treatment. they are not willing to protect the american people. >> it will be interesting if and when mnuchin agrees to appear to answer questions thmpt chairman of your committee said he is looking to get donald trump's tax returns with the new democratic majority in the house. how are you going to do that? >> you know, i made six or seven motions to our committee that were obstructed by republicans during the l

and as steve mnuchin said, i'm glad we're back to work. glad all the federal employees, i'm glad all the people furloughed, tsa, go right down the line, i think those individual hardships were the biggest regarding the macro economy, major, i don't think it was factor. >> if negotiations don't bear fruit, government shuts down, another shut down, could that compound any economic effect or hardship effect on federal employees? >> i just don't want to speculate on what ifs. we have a process laid out here. let's see if it bears out. i don't want to speculate on any of the what-ifs. the state of the economy to me, my colleagues, kevin hassett, looks very strong. i don't think that was disruptive. i don't. i know things have been written and there are individual hardship cases i will repeat that, but in the aggregate, numbers we saw, low unemployment claims, unbelievably strong same-store sales. the industrial production number from the federal reserve, business commitment went up for 7th straight month. scattered look at all the kinds of data

i think it's interesting they're going after mnuchin. lot of ways, he might be one of the weak links in the trump administration. one of the few things holding the norm together in the department of justice and treasury department are people who have to worry about their reputations, about their professional careers. he's got to be thinking am i going to be dragged into this. watching how many people have been diminished and destroyed. mnuchin does not strike me as a guy who's willing to light himself on fire for donald trump. >> i can tell you right now the answer to that is yes. there are seven different committee chairmen summoning him to the hill. that wants a piece of this. and they think mnuchin is critical in terms of providing information. you've got the conflict issue where he himself personally has to answer questions and then in his roles, treasury secretary, not providing information they need. >> do you think they would -- >> i don't know, this smells to high heaven. it's always the case. just russians. >> they did it on dec

democratic-led house that sullened mmoned mnuchin bu just a democratic thing. this briefing they opened to every member of the house, all democrats and all republicans and i know i am swimming upstream a bit when i say this and i know you don't believe me, i can feel it through the tv. i still think it is worth pointing out that this is the subject on which there may not be the same instinctive defense sieve partisan divide we've seen on so many other issues in the trump era. russia sanctions specifically are something that republicans have been willing to defy the trump administration about in the recent past. that's how we got this beefed up sanctions law in the first place that even gives congress this ability to object to a move like this within 30 days. that bill passed so over wheelingly, it had like two votes against it in the senate and three against it in the house and otherwise unanimous. trump couldn't have vetoed that even if he wanted to. so again, it was an all members briefing today by secretary mnuchin, at least the democrats coming out said tha

as steve mnuchin said, i'm glad we're back to work.loyees and all the people furloughed, tsa, go down the line, those individual hardships were the biggest issue. i think everybody is glad we can reopen and put those back to work. regarding the macroeconomy, major, i don't think it was a factor. i don't. >> if the negotiations don't bear fruit and the government shuts down again, a lengthy shut down and reopening and another shut down, could that compound any hardship effect on the federal employees? >> i don't want to speculate on what ifs. we have a process laid out here. let's see if it bears fruit. i don't want to speculate. again, you know, the state of the economy to me, my colleagues, kevin, it looks strong. i don't think it was disrupted. there's things written again. i'll repeat. in the aggregate, the numbers we saw, low unemployment claims, unbelievably strong same store retail sales. the industry production number from the federal reserve where business equipment went up for the seventh straight month. just the scattered loo

mnuchin? david, you should believe him.nlike iran sanctions last year, where there was fear that we were going to take oil of the market, this is about redirecting trade flows. the u.s. isn't trying to get the international community to stop using venezuelan oil. traders can take the oil and ship it to china and india, and then just sort of ship flows oil from latin america or iraq goes to the u.s. the supply pool doesn't get affected. does it mean for global oil markets and downstream buyers, people who are filling their cars up with petrol, gasoline as you would call it? good question, rish. for the most part, there won't be an immediate impact, but there is going to be an impact on refineries. the u.s. gulf coast is probably going to have to import from farther away. there's going to be extra logistical costs. that is probably going to be passed through to consumers. whether or not they notice it is tough to tell. these asian refineries in china and india might benefit from this. they will be able to access this distress

we heard from secretary steve mnuchin david: -- david: we heard from secretary steve mnuchin yesterdaynd today. this is what he said. >> i would say in the conversations we had previously, there has been an acknowledgment that they understand that. the details of how we do that are very complicated, that needs to be negotiated, but i.p. protection, no more joint ventures, and they of course meant -- and the of force men are the three most important issues. david: from your perspective, is that right? the chinese seem to indicate that they would change the joint .p.ture laws, but the i protection, the acquisition from the u.s. is saying you have been stealing our stuff, but are they recognizing that? michael: they have a clever way of saying it is the local governments that are out of control and it is not something that xi knows anything about. secretary mnuchin is right when he talked about the difficulty of the details. we are now in the 30 year president trump's, i think quite brilliant negotiating approach. the chinese are very wary of him, they say he is the best negotiator they h

they wrote to steven mnuchin yesterday. they demanded that he appear before the house to explain treasury's decision to relax these sanctions. that's why mnuchin will be at the house tomorrow. he'll be giving a classified briefing to interested members of congress about that decision to relax sanctions on this russian oligarch. and i know what you're thinking. i know you're thinking, yeah, sure, maddow, i know. but that's just the democratic-controlled house. what can they do on this? actually, in this case, this one potentially could be a bipartisan and bicameral thing. and i say that not as sort of a naive hope. i say that because of recent history. republicans in both the house and the senate, they have actually been willing to defy trump on the issue of russian sanctions, even if they haven't been able to find an independent bone in their body on any other subject. they have done this. i mean, trump objected vehemently in 2017 when congress first voted to create this structure for russian sanctions, which allows congres

i just spoke to the treasury secretary, steven mnuchin, in the west wing at the white house.ay in toward the oval office. i can't tell you if he was meeting with the president, but this was about a minute and a half ago, i said, mr. secretary, do you have any response to this wall street journal story suggesting that you and others are advocating ratcheting down some of the tariffs on the chinese? the treasury secretary said he's not going to make any statements at this time but i did get from a treasury spokesperson this statement, they say neither secretary mnuchin, nor ambassador lighthizer, made any recommendations to anyone with respect to tariffs or other parts of the negotiation with china. this is an ongoing process, with the chinese, that is nowhere near completion. the treasury spokesperson here very much insistent this is ongoing, nothing is final, that nobody has made any final recommendations to anyone here the treasury secretary himself telling me a few minutes ago he's not going to make any statements on this. >> no recommendation is something different than sa

it's not as though mnuchin -- >> humor me.f all the things he has to work on, mountains and mountains of requests and priorities, that's the one he would pick? that's not curious to you? >> a million things go on in these administrative agencies -- >> yes, and one of the biggest issues people have about the president in this administration is the curious forgiving nature and types to russia. so why pick this one? >> i don't know. >> it seems really shady. all i can think about is hillary clinton's like exhaustive testimony before congress. quite frankly, that's not what we got in this particular case. these are not exactly shrinking violets. folks are starting to be drawn, answer questions. you'll see more of this. the stone walling. we see the mueller investigation is clearly having an impact even as congress behaves in this regard. >> a joint resolution of congress could happen. if it does -- >> so the house -- >> -- feels pretty good to the american people. >> a bill will come to the house. democrats can say we disapprove o

stephen mnuchin said they could essentially lift all tariffs.know that is the primary focus for the chinese. they want to see the tariffs removed and the threat of additional tariffs taken off the table. stephen mnuchin has said he thinks there will be significant progress made, but pointed out this deadline this coming up quickly. the trump administration has not suggesting stance, you will see tariffs raise from 10% to 25%, if a deal is not made. that is when you get in the two impact on the export sector in china. alex, let me bring you into this conversation. now that we are approaching that deadline of tariffs, and parallel is the huawei issue, is it time to look at these two issues separately, or are they naturally interlinked? >> i think they are naturally interlinked. i understand the motivation to try to separate the two to keep a constructive dialogue going, but really the core issues that for thishe conundrum sign a-u.s. relationship is -- no-u.s. relationship is , heavyhnology transfer subsidies to state owned enterprises, and focus

delegation will include secretary of state mike pompeo and treasury secretary steve mnuchin.hairman jay powell has indicated a rate hike cause, saying the fed can be both patient and taxable. inflationvers say does not merit further increases. president trump has yet to ask for a meeting despite months of criticism. the president has publicly criticized the fed. senator bernie sanders has apologized to women who say they were subjected to sexual harassment or misconduct while working on his 2016 presidential campaign. he is confronting allegation against some senior staff as he weighs a second run for the in 2020.c nomination he says his safeguards were clearly inadequate. is to maintain strict sanctions on the russian billionaire and any companies he owns. secretary steven mnuchin was asked by democrats to explain why the administration decided to ease restrictions on three companies linked to him amidst crewmate -- scrutiny of president trump's links to russia. news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more th

what's going to happen to steve mnuchin today?got to have some explanation for why, out of all the oligarchs, why pick this one who was the guy that manafort owed all that money to, and was involved in, you know, all sorts of -- well, he was sanctioned for the russian interference in 2016. >> oleg deripaska, that's the individual's name, is a very important individual in the russia probe. not only is he a right-hand man to vladimir putin, he's one of the russian billionaires who has been part of putin's inner circle, a real kremlin insider. he was someone that paul manafort was feeding, directly and indirectly, trump campaign information to. >> offered him briefings. >> offered him briefings about the analytics that the trump campaign had done of the electorate and that could have been used to shape and fashion the social media attack on our election. >> admiral, all of this, it raises huge questions about american security and about whether the treasury -- first of all, these sanctions were forced upon the administration reluctan

treasury secretary mnuchin set an arbitrary 50% rule. that is if deripaska went below 50% of the shares, he no longer exercised control. it's very ironic, indeed hypocritical, that his paid lobbyist has pointed in other documents to effective control of rusal by a company that only owns 48%. so, yes, he may have less than 50% of the shares. but given the kind of brother-in-law, sister-in-law, ex-wife, family foundation, he is exercising influence. but, you know, that's what we wanted to explore. we wanted the congresswoman's committee, the intelligence committee, to have an opportunity to do an assessment, hear from the intelligence agencies as to whether there was effective control by gathering on sunday and putting out this lifting of sanctions. putin got a favor, but the american people did not. >> okay. listen, this is taking place against a backdrop of u.s. intelligence agencies today saying russia is still interfering in america's electoral process and that 2020 will be a prime target. congresswoman, what's your reaction to that? >

maybe that's part of mnuchin's strategy.i vic chinese vie will bpremierwill be coming her. the chinese economy has weakened. doesn't that give the u.s. a stronger negotiating platform? >> i think that you've seen the tariffs really negatively impacting both economies. some may argue it's impacting china more than the united states. there are many factors impacting china's economy right now. trade is one of those things. we need to focus on i'm phlegming policies here at -- implementing policies here at home that will be the best for american businesses to thrive and increasing taxes an increasing the harms of the barriers to them doing business is not the way to do that. we need to get back to that pro-growth formula that the donald trump a administration hs been pushing for the last two years. cheryl: let me switch you to the u.s. economy. what we're seeing now with the shutdown is a lot of pressure -- you've got nine of the 15 agencies that don't have funding. you've got furloughed workers. they're starting to apply for fo

single move up on a report from secretary mnuchin suggesting the u.s. back off from chinese tariffs. speaker pelosi tries to take away the president's state of the union address. 800,000 federal workers continue to go without pay. netflix adds 9 million new subscribers, but falls short of as we turnectations, from financial earnings to the faang. westin, here with carol massar. carol: another busy friday. david: another busy day for the president. carol: i was thinking about all the timelines you just talked about. market sentiment still positive. david: perhaps on the one report that secretary mnuchin might be recommending something. have the tit for tat going on in washington, which we will dive into. let's get a check on your markets. despite all of this going on, some enthusiasm yesterday. we saw the markets spike right up on the possibility that there could be resolution in the .5%. -- s&p futures up the euro slightly holler versus -- higher versus the dollar. look at the movement in the treasury trade when we saw the headline yesterday. quick chec

and steve mnuchin said and others, i'm glad we're back to work. i'm glad all the federal employees, i'm glad all the people furloughed, t.s.a., go right down the line, i think those individual hardships were the biggest issue and i think everybody's glad we can reopen and put folks back to work. regarding the macroeconomy, major, i don't think it was a factor. i just don't. reporter: larry, if the negotiations do not bear fruit and the government shuts down again, a lengthy shutdown, reopening, another shutdown, could that compound any economic effect or hardship effect on these federal employees? mr. kudlow: i just don't want to speculate what-ifs. we have a process. i don't want to speculate on the what-ifs. again, the state of the economy, to me, my colleagues, kevin, and so forth, looks very strong. i don't think that was disruptive. i don't. i know things have been written and there are individual hardship cases. i repeat that. in the aggregate, the numbers we saw, low unemployment claims, unbelievably strong, retail sales, the industrial pro

this is the treasury department responding to the letter you wrote mnuchin. here is what they say.ceived the letter from representative jackie speier and had no relationship with mr. blavatnik and any suggestion of a conflict of interest is baseless. >> it's interesting. we were talking about blavat blavatnik's company and there was a direct purchase by the company and if you went to the hollywood reporter, you would see it displayed accurately. >> to you congressman, doggett, the question over the debate about lifting sanctions is why? why is the administration working so hard to benefit c deripaska? >> they work seven days, eight days if they could to show fav 'tis -- fav 'torite 'tis to the rus. they dugout of thousands, literally thousands of applications for exceptions from tarif tariffs, mostly from american businesses and pulled out this deripaska company and granted it an exception. after they got caught at that, the treasury blamed commerce, commerce blamed treasury and backed down. the whole purpose is detour russian must conduct. i don't see the evidence they did that. >

steve mnuchin has some explaining to do. mainly why he's rolling back big sanctions on big-time russian oligarch. this guy who did business. this one with paul manafort. and who is very close to vladimir putin. we're talking with one lawmaker going to that briefing. a member of the house intelligence committee with us next. hey, darryl. would you choose the network rated #1 in the nation by the experts, or the one awarded by the people? uh... correct! you don't have to choose, 'cause, uh... oh! (vo) switch to the network awarded by rootmetrics and j.d. power. buy the latest galaxy phones, get galaxy s9 free. >>> the buck stops with everybody. they could solve this problem in literally 15 minutes. we could be back. we could have border security. they could stop this problem in 15 minutes if they wanted to. i really believe now that they don't want to. i really believe that. i really believe that they don't care about crime. i really believe this. the democrats don't care about crime. they have been taken over by a group of yo

that is according to treasury secretary steve mnuchin.he development comes after chinese vice premiere made a surprise appearance at negotiations between the u.s. and china in beijing this week speaking to reporters in washington, mnuchin said trade talked between both sides will continue >> the current intent is that the vice premiere will most likely come and visit us later in the month, and i would expect that the government shutdown would have no impact we will continue with those meetings, just as we sent a delegation to china. >> at the same briefing, the u.s. treasury secretary defended the administration's decision to suspend sanctions on companies linked to russian billionaire oleg deripaska house speaker nancy pelosi called the briefing a waste of time mnuchin said the companies are being restructured to reduce deripaska's control. >> we are trying to de-link these companies so they will not be under the influence and control of a sanctioned oligarch that's our objective >> shares in em plus and rusal are sharply higher in mosco

the "wall street journal" is reporting that treasury secretary steven mnuchin has proposed lifting all or at least some tariffs on china to speed up the possibility of a trade deal a senior administration official shot down that report telling our own aman jabers, there is no talk of lifting tariffs at least right now. younunio eunice has more on beijing what's happening on that side in china? >> well, as you said, the "wall street journal" was reporting that these -- the tariff scaleback is really meant as an incentive for beijing to make deeper concessions however, a treasury spokesperson who is close to the trade talks told aemon that neither secretary mnuchin or ambassador lighthizer have made recommendations to anyone to other parts of the negotiations with china this is an ongoing process with the chinese that is nowhere near completion now, aemon was told that the focus now is on the discussions and the visit by vice premier who is going to washington on january 30th and 31st and that visit has become even more important because of the white house's announcement that president t

nobody. >> and if there was a better explanation, steve mnuchin would have given it up at the hill.thing i bet he didn't understand and few people in the trump administration understand is just how much the ruled changed january 23rd. a year ago after rolling back the sanctions, steve mnuchin could have gotten up to the hill, given a half-baked briefing, refused to answer half the questions and there would be no consequences. now things are different. you go up to the hill and do that performance, he may find himself in a subpoena with open cameras and the house putting a roll-back of sanction that's would put enormous pressure on the republican senate to follow suit. their days of being able to just treat congressional oversight as a nuisance they can ignore are very much over. >> it shines the light on two things, how much opportunity the democrats have to be laser focused on this really specific issue of sanctions from treasury steve mnuchin and just how horrific republicans have been for the last two years. why don't they care? >> right. and it's going to be even more pressure o

they say the idea is coming from steven mnuchin.e denied the report saying neither he nor the trade representation said that. -- representation made any recommendations. markets had a volatile reaction to this back and forth. where are we? >> quite a roller coaster ride going into the close in the last hour of trading. it is the same place we were before the original headlines hit. when the first headlines hit saying mnuchin had suggested rolling back tariffs because the trump administration is sensitive to financial markets and the moves we have seen last month, we saw markets despite. -- saw markets spike. we saw a boost when we got the rollback. we rolled over. markets led higher. the nasdaq and a dell are still -- and the dow are still in the green. where this puts us with trade between u.s. and china, it puts us back where we were before, sadly. emily: what is next? we are expecting higher-level talks in davos. >> we are. with the vice premier of china. those come later this month. investors should be looking out for headlines.

steven mnuchin is here live.ow has a thing or two to say about the cbo protections about what exactly the impact is on the economy from that shutdown. california congressman p kevin mccarthy will walk us through what the next three weeks look like with his colleagues in terms of the negotiating on border wall funding. debbie dingle is here along with richard trumpka. futures are pointing to a flat opening this morning amid all of the uncertainty over china trade, earnings, it's an enormous week this week. this after stocks finished to the downside he yesterday on the china growth fears, weak guidance from nvidia and caterpillar and worries about what happens with china and the u.s. there's conversations happening tomorrow. joiningjoining us right now is d kudla. thank you for being here. >> good morning, maria. maria: we've bun talking about what a -- we've been talking about what a week this is. fourth quarter earnings are coming out. we have a jobs report coming out on friday. brexit discussions, the vote today

. -- i have been discussing with steve mnuchin to convince them to go the path of new international taxation. i'm convinced that the administration is aware that in the 21st century, we do a new international taxation system to be more efficient. francine: is france ready for a no deal brexit? >> it is up to the u.k. to decide. to have anefer agreement, there is an agreement on the table. now, everything is in the hands of the british people and the british citizen and the british politicians. it is up to the british people to know what they want. had verbale have attacks from certain politicians for the member of government. how would you describe italian-french relations? >> those statements are

"wall street journal" head a headline on the tape, that said treasury secretary steve mnuchin, ambassadoro trade robert lighthizer are maybe, one or the other or both considering dropping tariffs just to get the trade talks moving along with china. well both have now in the last couple of minutes denied making any recommendations but "the wall street journal" doesn't pull this stuff out of nowhere. what is going to happen? initially the dow jones reported that the u.s. is weighing lifting the china trade tariffs as potential new gambit that could very well break the trade stalemate between the two countries. pictures speak louder than words. there you go with the dow intraday. flip it over to the nasdaq and s&p, you will see almost the exact same picture here. here is the nasdaq at its high, folks. nasdaq jumped 79 points. we moderated but well above the lows of the session up 28 whereas earlier we were down on the nasdaq by 31. you're looking at a 51 point swing. market watchers are specifically looking at the 50 day moving average, it moved above that level on the news. that is certainl

mnuchin leaked the trump thing was going on that made the market go up.ow saying there is no deal with the chinese. he slipped out and had an interview with the banks. >> she is putting on a show here. it's a political ploy that will backfire. but i think mnuchin's plan backfired on his. investors sold stocks for days. we didn't know. i don't care that you talk to the banks. i care that y (announcer) the following is a paid presentation for prostagenix, brought to you by prostatereport.com. (upbeat music) ♪ hi, this is larry king. over 30 million men in america have prostrate problems. i know, i was one of them. and all these natural prostate supplements like the ones i have here in front of me are everywhere. drugstores, health food stores, on the internet, and all over tv, selling millions of bottles every year.

the s&p 500 gaining as much as might wantts mnuchin to ease the tensions on china. we then saw the reports denied, but we still did and higher. we could see another high session. nasdaq futures pointing higher after we got slowing side -- sales growth from netflix. futures look like we could see -- in europe as well. charles evans from the fed talking about patients, feeding into the narrative pushing markets higher. bump foren quite a equities overall. the 10 year treasury yield has been gaining for two weeks. today's session you see a different story. the trend has been upwards. dollar-yen fills up the risk picture. we are not seeing a huge demand for that safe haven. 10936. we have a lot allowed -- around japanese inflation. oil prices up today. we are seeing a weekly gain of 1.25%. we hold firmly above $52. lots of dynamics to discuss. juliette saly in singapore has more. juliette: tell us how the risk appetite is looking over their. juliette: it's looking pretty good. we are on track for a second week of gains in asia. the msci asia-pacific up by more than 1% t

i'll turn the podium over to steven mnuchin to announce sanctions against the state-owned oil monopolyve continued to expose the corruption of maduro and his cronies and today's action ensured that they can no longer loot the assets of the venezu a venezuelan people. we expect that today's measure totals $7 billion in assets blocked today plus over $11 billion in lost export proceeds over the next year we also today call on the venezuelan military and security forces to accept the peaceful, democratic and constitutional transfer of power and to a certain extent this has begun. we have seen venezuelan official and military personnel heeding this call. the venezuelan defense attache here in washington recognized president guaido a few days ago and the first consul in miami has also declared for interim president guaido i call on all responsible nations to recognize interim president immediately. maduro made clear he will not recognize guaido or call for new elections. now is the time to stand in venezuela. i reiterate that the united states will hold venezuelan security forces responsibl

and that's what we are working hard -- i mentioned in my statement secretary mnuchin has launched an initiative of powerful global initiative to force transparency of debt as a starting point in addressing the points that you are raising. our first step in getting a resolution of this is to work -- get the imf and the world bank to work with countries to make sure that they are aware of the debts that they are taking on. and then have a methodology for dealing with those debts, which they often don't have right now. >> thank you for the additional time, mr. chairman. >> thank you sir. >> the gentleman's time has expired. without objection, the gentleman from california, chairman royce, is permitted to participate in today's subcommitteering that. he is a member of the financial services committee and we appreciate his interest in this topic. we recognize him for five minutes. >> thank you mr. chairman. i appreciate this n. october we passed the build act custom the president signed. and that creates $60 billion in u.s. international development finance and does it in a way that's rat

the president himself pulled out last week, but treasury secretary steven mnuchin and the secretary of us delegation in his place. a federal grand jury in detroit has indicted four managers at audi as part of the us government's investigation into diesel emissions cheating by the parent company, volkswagen. vw admitted in september 2015 to secretly installing software in nearly 500,000 us vehicles to cheat exhaust emissions tests, and pleaded guilty in 2017 to felony charges. let's have a loot at what is trending in the business news this morning. cnbc has worked out what you'd have made if you invested $1000 in netflix in 2007. the answer: $90,000. and bloomberg is looking ahead to china's key economic growth figures on monday. it sees the impact of the trade war, but also whether the population could start to shrink if birth rates continue to go down. plenty more, including the markets. i will see you soon. pharmacists say that they are struggling to obtain some medicines, including common treatments for depression and high blood pressure, and are paying vastly increased prices for t

hearing notice says that it allows mnuchin to brief congress and the american people on specifically how his agency intends to move forward with filing season during the shutdown. a treasury spokesman says he could not immediately answer whether secretary mnuchin himself will attend the hearing. and meanwhile a former adviser is sharply criticizing the shutdown. gary cohn said i don't understand where we're going with it, i'm confused as to what the white house's strategy is on this a little bit. >>> vice president mike pence defending his wife's new job teaching at a christian school that bans gay and lesbian students and parents. karen pence announced earlier this week that she was returning part-time to iman all christian school in virginia. she previously taught there 12 years. mike pence responding in an interview -- >> we're used to the criticism, but i have to tell you, to see major news organizations attacking christian education is deeply offensive to us. this criticism of christian education in america should stop. >> human rights campaign, the nation's largest gay rights a

>> i think secretary mnuchin is going to find out hoolver to explain himself in public and that's a muchore awkward setting and instead of being able to deflect questions in private, you're going to be doing it in front of the full glare of the american spotlight. and i think that's something all the officials will have to get used to. they've been able to blow off requests from congress. they don't respond to letrs for the most part. they face friendly audiences from republicans. they will refuse to answer questions knowing the republican chairman would not follow up with a subpoena. often times make this phoney executive privilege claim where they refused to discuss questions with the president and then not have the chairman actually try to force them to do so. and all that has changed now. i think what you'll see is democratic committees which can bring two things to the table. one evidence they can gather in the form of subpoenas and witness interviews and two eye balls in the form of very dramatic public hearings and you're going to see the first one when michael cohen goes to the h

mnuchin leaked the trump thing was going on that made the market go up.aying there is no deal with the chinese. he slipped out and had an interview with the banks. >> she is putting on a show here. it's a political ploy that will backfire. but i think mnuchin's plan backfired on his. investors sold stocks for days. we didn't know. i don't care that you talk to the banks. i care that you publicized it. >> we have never seen the level of hostility between the speaker of the house and the president that we have with nancy pelosi and president trump. >> the fact that they would leave ups flying commercial is a danger to us and other people. >> that she would accuse the president of the united states putting a life in jeopardy. the reason he didn't want her to go is because he's trying to support american citizens. liz: breaking news. the president saying he'll make a big announcement on the shutdown and the border tomorrow. the markets shrugging off the

talked to secretary me knew chitch -- mnuchin yesterday and the day before. i asked secretary mnuchin given the concerns about this legislation, about the withdrawing of sanctions, that they give us until february 28 to have hearings, to reflect upon, to have further discussions with the administration to make a determination whether we thought this action was in the best interests of our country. unfortunately, when the senate failed to get the 60 votes they needed to bring cloture so they could get the final consideration of the bill, the treasury department decided to go forward. it is crucial that the congress, however, make clear that the allies of vladimir putin, no matter how wealthy or how poerful they are, face appropriate consequences for their actions against america's security and democratic institutions. that's what this is about. as mr. himes said, not a partisan vote. as a matter of fact, in my view, if barack obama were president of the united states today, this resolution would receive unanimous support from my republican colleagues. and over

now let me give the floor over to stephen mnuchin who will describe the sanctions. today the treasury took action against the venezuela's state-owned oil company to help prevent the further diversion of the assets by former president maduro. the united states is holding accountable those responsible for the tragic decline. we will continue to use all of our diplomatic and economic tools to support the interim president of the national assembly and the venezuelan people's efforts to restore the democracy. it's long been a vehicle for embezzlement, corruption, venezuelan officials and businessmen for the assets by maduro and well preserved these for the people of venezuela where they belong. the path to sanctions is through the expeditious transfer of control to the interim president or a subsequent democratically elected government committed to taking concrete and meaningful actions to combat corruption. today's actions follow my determination that the persons operating in the venezuelan oil sector may now be subject to sanctions. today they also issued a number of g

jump and mnuchin -- trump and mnuchin are meeting today.'s error has turned gray and thick, particularly during the mornings as seasonal weather changes to prevent pollutants from dissipating. the list does the worst days have seen air-quality standards worse than shanghai and new delhi. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. francine: 20 saw activists investors moving to europe like never before. with the likes of telephone a tally a. your biggest activists fund prefers a private list fund. -- owns some of europe's biggest names. what companies is it looking at for 2019? erik schatzker spoke with lars forberg. lars: there has been a lot of change for us. we have an hour for main holdings, there have been large corporate change programs announced. throughe been pushed and some are in the process. erik: thyssenkrupp is breaking up. this is a historic move. no one ever thought this would happen. is this wh

latest on state of negotiations with steven mnuchin this morning, 8:00 a.m.rgest utility filed bankruptcy protection following massive wild fires, details coming up. howard schultz roasted. the billionaire hackled at event last night as he gears up toward possible independent run for the white house. we have a big show this morning coming from dc, u.s. treasury secretary steven mnuchin is here, national economic council larry kudlow along with house minority kevin mccarthy, debby will join me, richard trumpa. we kick it off with wall street markets. take a look at futures, have turned negative once again, futures down fractionally, 1 and a half points lower on s&p and nasdaq 13 points after stocks finished lower yesterday on china growth fears along with weak guidance from invidia and caterpillar and investors react today weaker earnings and guidance. joining me right now chief market strategists, phil orlando. >> thanks for having me back, maria. maria: indications we are seeing slowdown among other issues, how do you see the markets here as more earnings co

ask -- ask mnuchin she wanted to know about mnuchin. >> come on, guys. >> we need to confirm it in the next couple of days. >> will you -- >> say hello to your parents. >> i will. >> what about the summit >> it's moving along well. the end of the month the end of february. >> any other details to provide? >> thanks, pam. >> early next week the state of the union. >> come on, guys keep moving. come on. keep going >> could be. one way or the other. >> president trump speaking in the oval office alongside