the south korean court had issued an arrest for the de facto leader of samsung. court as you saw in the pictures. samsung says they will try to do their best to reveal the truth in the court trials. and some commenting in email statements. we will bring you more as it comes in. in 2030, google running tests for product loon and expanding broadband across the globe. they say it is not necessary anymore. they say they have found ways to run the program with fewer balloons in particular regions. we are joined by tom giles. break it down. it can be slightly more targeted now. tom: they have figured out how to do it much more efficiently, another example of what people have said about ruthless -- they are asking people to scale back the ambitious projects and do things more efficiently, in a way that will help the different moonshots, if you will, achieved profitability more quickly. she has brought more accountability and this is a product where google is scaling back and as you said, do things more efficiently. what google has done is take computing prowess and essen

caroline: and again, does samsung become in disarray because the de facto leader is in jail? is is not first time the leader of the business has been painted with scandal and it seems like the business is directed by that very for -- very person. >> i have been in contact with them and they have consistently said that when the chairman is gone, business activities are not affected. despite what is happening and the poor governance, they have a lot of the world most talented designers and engineers and they make good hardware and i've never heard of the actual business being interrupted. and that is something that samsung must deal with, something to grapple with, because they built the empire over the past years that spans across so many affiliates. chips,ake ships, smartphones, all of the parts, and a single leader could be intelligent or a great diplomat for the company, but he is not somebody that can run every single business. they rely on their staff of engineers and managers to get things done. caroline: ok. is amazing. geoffrey with that inside. thank you. david will be

authorities have arrested the de facto head of samsung group. a south korean it court authorized the arrest. the arrest was requested by a special prosecutor investigating a political scandal involving suspended president park. the court rejected the first request to arrest the conglomerate head citing a lack of evidence. both have denied allegations. the arrest is a major break for the special prosecutor investigating the scandal involving park. che is in detention and faces charges of abusive power and fraud. observers say the arrest could have an impact on the samsung group. he's 48 years old and became vice chairman in 2012 after his father had heart attack in 2014. he became acting chairman. the samsung group is compromised of 49 affiliate companies. samsung electronics is the core of the group. it's grown into a global power house through sales of sma smartphone and power careens. the group is in the business of heavy machinery, construction and finance. it operates in more than 90 countries and territories. in april of last year the group'

lee jae-yong, the de facto leader of south korea's biggest conglomerate, has been under investigatione huge political corruption scandal that has rocked the country. prosecutors allege he pledged tens of millions of dollars to win favor with the country's president to secure government support for a controversial merger that helped tighten his grip on samsung. developing right now a car goes off an overpass and crashes onto the road below. its the third time its happened in the dmv this week. john gonzalez is live with what happened overnight. happening today.. the rest of the nationals will training down in west palm beach. pitchers and catchers started their workouts wednsday and today position players will get back to work. the big story so far out of spring training--the status of ace pitcher max scherzer. his knuckle injury might keep him from being ready for opening day. manager dusty baker doesn't seem overly concerned. it's 5: and time for a check on weather. - sunny & mild today - unseasonably warm - sprinkles sunday morning - warm, again, next week today: mostly sunny. nice

lee arrested, the de facto head is under allegations of bribery, perjury and embezzlement. l reward shareholders. sharesurance giant buyback comes in at $3.2 billion and money flows in two pimco. we speak to the allianz cfo. trump's trifecta. three of the administration's top diplomats to send on germany. vice president pence, will he make friends with europe? brexit battle. the former u.k. prime minister urges to fight to keep breaking in the eu. -- to keep breaking in the eu. in the eu. welcome. it is daybreak: europe. our flagship morning show right here in the city of london. we made it to friday. we had gone come, fed speakers, moves. in the run over, a very hard-core. london had ex dividend go through. 72.38 is where we are. the paris market, we are waiting to come through. they are down half of 1%. in green atrinting the moment. u.s. futures are a little lower. a have broken 20. , theequities rising longest winning streak since 2013. europe is undecided at the moment. allie young's, we will talk to the cfo, allianz rising on the trade-gate. seeing a print go through f

. >>> moving to south korea, the country's special prosecutor has summoned the de facto chief of samsung group for questioning once again. it's related to the investigation into the political scandal that's rocked the country and led to the suspension of the president. lee jae-yong went in monday amid calls by protesters for his arrest. >> translator: i will once again tell the truth to the special prosecutor. >> the special prosecutor's team had tried to arrest lee after a marathon round of questioning last month, but their request for a warrant was rejected. samsung is suspected of paying money to entities linked to the president's jailed confidante. it's alleged that those payments were in exchange for presidential approval of a merger. media report investigators are now probing lee's involvement in a decision by the fair trade commission. it had wanted to lower the amount of shares samsung group is able to cross share among its companies, but it backed off its initial demand. prosecutors allege that was because of influence from the presidential office. >>> police officers and psychi

as the de facto lead ore they have conservative movement, the president reconfirmed his commitment to a nationalist agenda. president trump: there's no such thing as a dwhrobal anthem a global currency or a global flag. this is the united states of america that i'm representing. i'm not representing the globe. i'm representing your country. robert: the president began his speech raging against his favorite enemy, the fake news media. he went on to talk about dismantling obamacare and stopping illegal immigration. last year, the president skipped cpac. this year he was welcomed like a returning hero. dan, is this a vivid example of how power unites the right? dan: it was extraordinary to see what happened this week with the embrace he got, not simply because he skipped cpac last year. as we went through the election, we all talked about and wrote about the likely civil war that would break out in the republican party, almost whether donald trump won or lost. we've seen the opposite, at least on the surface. what we were reminded of is the degree to which one person, like donald trump,

today, american-backed militias launched a new phase in their siege of the northern city of raqqa, the de facto capital of islamic state militants. supported by american airstrikes and special forces soldiers, the syrian democratic forces group aims to completely encircle raqqa. and in romania, bowing to massive protests all week outside the country's parliament building, romania's prime minister says he'll scrap a decree that would shield officials from prosecution for corruption. the protests are the country's biggest since communist rule ended in 1989. that's all for this edition of "pbs newshour weekend." i'm alison stewart. thanks for watching. captioning sponsored by wnet captioned by media access group at wgbh access.wgbh.org >> pbs newshour weekend is made possible by: bernard and irene schwartz. judy and josh weston. the cheryl and philip milstein family. the john and helen glessner family trust-- supporting trustworthy journalism that informs and inspires. sue and edgar wachenheim, iii. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized

in south korea do, a special questionnaire -- the de facto head of samsung. of taking part payments that samsung made to a close payment of south korea's president. the royal bank of scotland's claim to have more than $1 billion in terms of annual operating costs. closell cut jobs and branches. they will unveil new plans to meet profit targets on factory 24th. that is the bloomberg business flash. francine: thank you. we are getting some pictures in from the commissioner of economic growth from the european union. we cover the data every day. i think what is most significant in terms of this forecast is has gone fromting 1.7% to 1.4%. there is anans is inflation problem. if you have italy which is clearly facing deflationary pressures and you have inflation elsewhere, it makes it difficult for the ecb to keep to its program. --makes it difficult for it different strokes for different folks is how i would characterize this. is prime minister may speaking to in europe? i saw comments on friday but i still don't know who she is speaking to. she probably doesn't

we will find out at the end of this week, but we speak of the de facto head of samsung group.void a second arrest warrant after allegations against him were widened to include concealing a criminal profit and hiding assets overseas. this is along with the earlier claims of bribery, embezzlement and perjury. mr lee has denied wrongdoing. the south korean president has orally been impeached, hushed —— already been impeached. while the arrest has been sought today, investigators have also today been denied access to the blue house, south korea's seat of power to question the nation's president. the plot thickens. that is a story we will stay across. there has been a starter in world markets. japan's nikkei fell half a per cent over worry that perhaps the global rally we've seen can't be sustained. another positive assessment of the us economy, and reassurance over tax reform from president donald trump. lets take a quick look at how european indices have opened. they are all down, they have pretty much run out of steam after that lacklustre session in asia. michelle fleury has th

lee, the de facto head of the samsung group, and the question is whether $38 million given to charity donations to choi soon-sil, whether that amount of money constituted bribes for the government backing of the merger of samsung and cnt two years ago, which locked jay lee's hold on samsung electron electronics. what did the group do? samsung electronics rallied up 1%, so did the battery company and engineering as well. as for the broader asian markets, the kospi ended up. the nikkei ended at the flat line. a lot of momentum early on in the morning session from the record close on wall street from the dow, but saw some of that momentum lose steam. the asx 200 ending down 0.2%. that's a look at how we ended this tuesday. guys, back to you. >> pauline, thank you very much. >>> the dollar strengthened after the dallas fed president, robert kaplan repeated his calls for the fomc to hike rates sooner rather than later. the fed may need to raise rates in the near future to avoid falling behind the curve on inflation. cnbc's interview with robert kaplan takes place at 13:30 cet. john baker j

and he has not been found guilty, but certainly this corruption scandal and the arrest of the de factohe samsung group in south carolina put the problems of these conglomerates into the spotlight. south korea is in flux. it is witnessed to what could be a transition like never seen before. the president is being investigated in a web of conspiracy that's threatened the country's major corporations as well. as investigators dig deeper into the complex connections between the country's biggest names and those in the highest levels of government, calls for change are growing louder. protesters gather each weekend in downtown seoul, fuming at perceived injustices in the upper echelons of society. >> translator: south koreans are rejects rather than accepting the idea of the country's economy being run by the overuse of power. >> this man is considered one of the country's most foremost experts. >> we're in the transition period of going into the third generati generation. those in the third generation are not seen to have contribute d largely to samsung's growth. >> but as the conglomerate

why the "new york times" calls steve bannon the de facto president. pamela brown, what do we know about judge neil gorsuch? >> we know he's been a leading contender for some time leading up to the announcement that he was the pick to feel justice antonin scalia's seat. but during the campaign his name wasn't on the initial list that donald trump released. his name on the second list and we're told recently as people within his circle started scrubbing his judicial record on the federal bench in colorado they liked hadwhat they saw and learned he met with donald trump a few weeks ago and clearly donald trump was impressed by him. conservatives like his track record on federal bench when it comes to religious liberty, separation of powers and he wrote a book saying he didn't believe the law supported assisted suicide. here's what donald trump had a h to say about the nominee tonight. >> i studied every aspect of his life. he could have had any job at any law firm for any amount of money but what wanted to do was be a judge and uphold our laws and constit

he is the de facto head of samsung. he is accused of taking part in payments that samsung made to a close friend of the south korean president. in romania, there is a demonstration. tens of thousands of protesters again demanded that the government step down. it's the 13th straight they are protests. the romanian prime minister has tried to stem the anger. he has reversed controversy legal matters. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. i am courtney donohoe. mark: thank you very much indeed. they are preparing massive expense reductions. we will talk about how the lender will meet profit targets after the stock dropped 26% last year. this is bloomberg. ♪ vonnie: it's always sunny in new york. from bloomberg world headquarters, i am vonnie quinn. mark: we are counting down to the european close. in roughly 14 minutes. they are considering cutting more than a billion dollars in operating cost to meet at the targets. the lender will unvei

secretary of war, jefferson davis of mississippi, the high-handed heir to slaveholding wealth and the de facto acting president of the united states, each had visions of an american imperial, prophecies that converged in their collaboration on the kansas-nebraska act, and act which repealed the missouri compromise that a forbidden slavery north of a faithful line the parallel lives of these two men would define lincoln's. the passage of the kansas-nebraska act on may 30, 1854, lincoln and his friends joined the battle. the lead editorial in the lincoln state journal in springfield, written possibly by herndon as always with lincoln's approval, express or tacit appeared under a mocking , headline. if there is the least evidence that the people of the free states are disposed to sit down quietly under the accumulated insult and wrongs sought to be inflicted on this slavery extension administration and its servile supporters, we do not see evidence of it. on the contrary, almost everywhere, we see a general uprising and condemnation by the people of the wanton, uncalled for, and grievous wrong, s

traveled to the northern city of kobani to meet with kurdish troops and fighters trying to retake the de factoital of raqqah. it came during a regional visit that had the armed services chairman stopping in turkey, saudi arabia and the united arab emirates. >>> the trump administration has made a huge change in the schools on rules. pete williams. >> reporter: alex, the trump administration notified the nation's public schools and the supreme court that the obama administration didn't give enough consideration to the role of the states and local school districts in deciding how to handle the transgender issue. >> this is not over. >> reporter: it's a big reversal slowing the push for transgender rights that zoomed ahead under president obama. the federal government took back a directive issued just last may that told public schools to let children use bathrooms that match their gender identity. the move is a blow to mimi lemay who has a transgender child. >> as a vulnerable child, he deserves to go to school every day and feel safe and be affirmed as who he is. >> reporter: the government now

she's been very, like you said in your intro, she doesn't want to be seen as the de facto first lady.she doesn't want to fill that role. the question is, what is her role? she has a huge platform. remains to be seen if she does influence her father on policy. the lgbt executive order is a first small example how she might be doing that. she's got -- there's no rules for the role she's trying to play her. these early moves are us trying to see where she's going to go with it. >> shepard: yeah, she has a really -- she can do whatever she wants. twitter is exploding with your story at this moment. as you know, the appearance at least of her having influence on this matter, with people that may be are very much supportive of the president because they want the president to do well this is not who they voted for, this is the kind of thing that might win some friends. >> this is the balancing act she's been trying to do. she's a moderating influence over her father. like my twitter feed is blowing up with people saying that the dinner party last night was a bunch of rich men talking about h

president trump's chief strategist, why did a "new york times" article question whether he's more like the de facto president. i'll put that question to a former member of the trump transition team in a just a bit. marie's turkey pot pie starts with turkey covered in a rich flavorful gravy, and a crust made from scratch. because she knows that when it's cold outside... it's good food and good company that keep you warm inside. marie callender's. it's time to savor. >>> welcome back i'm sheinelle jones here at msnbc world headquarters in new york. here's what we're monitoring. planned protests underway in the nation's capital time and many more expected to take place across the country in opposition of president trump's tral ban. nbf nbc's tom costello in washington and morgan radford is in new york city. what are you hear from the people around you, is the crowd growing? >> reporter: we may have a thousand people here now at this point. it's grown rapidly over the course of the past hour or so. we're literally right across the street from the white house. it's behind the cameraman's head right now,

the de facto head of the samsung group was called in for questioning this morning along with two others, including samsung electronics president. the move potentially deals another blow to south korea's against a business empire. iron ore will defy forecast for a price collapse as china's economy remains strong and boosts demand for higher quality imports. that is according to christopher lynch speaking to bloomberg daybreak australia. it is thatthink dramatic. the key at the moment, the consensus prices below the spot price, that is obvious. that is unusual, but that can cut from two directions as well, so i would not since going to fall off a cliff or anything like that. juliette: that is your bloomberg business flash. manus: thank you very much. labor's leader in the u.k. house of lords says the upper house won't tried to hold prime minister may's plan to trigger britain's exit from the eu at the end of march. anna: they are to debate the law next week. simon derrick is still with us. we have a graphic that underlines the weak performance in the pound against other currencies since

. >> -- nor can it become the de facto executive branch because it doesn't like something. trish: i hear ya on that. when you say that you like the policy, i mean, this president is talking about building up our military so that, hopefully, we don't have to go to war. the threat of the united states of america is enough to get others to do what we need them to do. when you look at the unconventional warfare that we are fighting right now, governor huckabee, with isis, it's not as though we can acquire more tanks and more planes and more guns and fight isis the traditional way. so here he is trying to get out in front of all this so that we have another means of keeping ourselves safe. but he's only going to be criticized for it. >> well, look, all of us as american citizens who do have constitution constitutional protection, we get delayed all the time. why? because we had too many ounce toes of shampoo or because we had surgery and have a pin in our knee. you know, here's what i don't understand, why is it that some people are going utterly ballistic because people who have

the same currency something else. it is not a bright idea. it might appeal to those who understand zero about currency, but de facto, what can they do? all a referendum on the euro. it is impossible unless they have more than two thirds of the general assembly which they will not have. again, words are cheap. facts are what matter. from a market perspective i think le pen would be negative in europe, and in a way it is already priced in. the issue is, will french voters decide to go extreme right? i do not see it. anecdotally i have spent lots of time in france and paris. some of the french-italian, we do a lot of business in france. speak to, who are -- they are mentioning macrond more mac run -- because he is not a politician. tom: how trump like his france? cuttrump stunned america to -- stunned america. he took michigan and wisconsin, who showed up to vote and who did not. is the real risk for france a certain block does not show up to vote for macron? davide: there is a risk. it is a fight between basically the state employees, and everybody else from the private sector which keeps on getting taxed more in order to pay for the be

are we seen where this sort of the de facto extension of constitutional rights. not u.s. citizens who never stepped foot on american soil enjoy no constitutional rights. and that is a little bit why this decision is so disappointing. the state of washington is not even a proper party here nor as a state of minnesota to bring this action on behalf of people who've nevethe united states. they went beyond what washington and minnesota or even asking. in denying the president the authority to execute this order. it's really shocking. talking about the political fallout in this. we know the mainstream media is going to go nuts. president trump lost with his muslim band the world one just this one. we know this is can be a public relations nightmare the white house well had to navigate that as well as a legal aspects of that over the next 24 hours. speemac when they's should be in his first 100 days. we should we talk about tax reform right now not this travel ban. this is definitely a blow to the first 100 days. here's one way they can change the conversation on this. without t

and think of for your dues at mar-a-lago, the de facto access that is for sale for face time on a random saturday night, especially during the winter months, with the president of the united states who also photo bombed a wedding along with shinzo abe of japan as part of their evening. we're joined now by a member of congress who all today was calling for the security clearance of the man who just resigned as national security adviser to the president to be pulled. eric swawell, democrat from california, is with us, member of the cia subcommittee of the house permanent select committee on intelligence. congressman, your reaction to tonight's news, this resignation, and in your view, what tonight triggers next. >> good evening, brian. you know, removing one rotten plank does not compromise platform but i do think it has shown that there's clearly more to many of the questions around what were the personal, political and financial relationships that donald trump and his team had with the russian government? >> i need you to put a final part on that. i'll do it that way. is there a chance t

. >> reporter: "the new york times" editorial page says bannon has positioned himself "as the de factoresident" and "we've never witnessed a political aide do quite so much damage so quickly to his putative boss's popular standing or pretenses of competence." analysts say bannon's made a huge impact early in the administration, getting himself a full seat on the national security council, leveraging the relationship he cultivated as the ceo of mr. trump's presidential campaign. >> bannon has been able to be the most influential trump adviser in the first two weeks of this white house. partly because he's got the president's ear and he operates as this sort of free-floating adviser without the entang entanglements of other aides. >> reporter: the 63-year-old former banker also headed the far right breitbart news website and is known for quotes like "darkness is good" and "dick cheney, darth vader, satan, that's power." bannon now has the president's ear in a white house accused of a travel ban that discriminates against muslims, which the white house denies. bannon himself has made some

and think of for your dues at mar-a-lago, the de facto access that is for sale for face time on a random saturday night, especially during the winter months, with the president of the united states who also photo bombed a wedding along with shinzo abe of japan as part of their evening. we're joined now by a member of congress who all today was calling for the security clearance of the man who just resigned as national security adviser to the president to be pulled. eric swawell, democrat from california, is with us, member of the cia subcommittee of the house permanent select committee on intelligence. congressman, your reaction to tonight's news, this resignation, and in your view, what tonight triggers next. >> good evening, brian. you know, removing one rotten plank does not compromise platform but i do think it has shown that there's clearly more to many of the questions around what were the personal, political and financial relationships that donald trump and his team had with the russian government? >> i need you to put a final part on that. i'll do it that way. is there a chance t

i think that that's probably the de facto position that he will take is to continue to appeal this case. the problem, you know, makes sense on one level to say you're going to rewrite the executive order, and there are some things that they could fix, but i don't think it's going to be that simple to write an executive order that achieves the same thing that he sought to achieve here and still get by what the ninth circuit said because these issues of due process -- what they said essentially is that due process rights aren't just for american citizens, but they're for anybody who is in this country. if you are someone that's here on a visa -- not a green card, but just a plain old visa, which is a temporary right to be in the united states, and suddenly the administration is saying, no, you can never come back in the country. you can't leave and come back. there's no due process rights for you. then that's -- it's going to be kind of hard. the administration can at any time it wants stop issuing new visas perhaps, but it's going to be hard. >> in the case of the executive order, if you

this mean that steve bannon is trump's brain and he is the de facto president, that's nonsense.hat steve bannon and donald trump are copacetic, they have a similar worldview, there is no doubt about that. i think he is merely implementing what donald trump laid out in the campaign. nobody puts words in donald trump's mouth. nobody makes up his mind for him. i've known him 40 years. he will listen to others, he will take in advice. i hate to of the day, borrow this from george w. bush, but trump is the decider. he's not a marionette for anyone, he's his own man. in this case, not the holden to anybody but the american people. host: so the present campaign for president and then with president-elect who you see on twitter and other places is still the president and is not going to change. roger: not at all. what you see is what you get. this is the man the american people elected. these things have to be seen and some historical perspective. crude. ignorance. uninformed. a wild man. this is what they set about andrew jackson. an egomaniac. a guy who is constantly lying. these are

trump is the de facto white house press secretary. >> look, there's no doubt that donald trump wanted to do this because he didn't feel that his people were doing a good enough job of portraying the positive side of these first four weeks. so he said, damn it, you can't do it, i'm going to go out there and do it myself. i think he totally failed in convincing the american people that this is a well oiled machine, or whatever phrase that he used. and he ran through, i mean, so many things he claimed which were just simply not true. you talked about the electoral college, the fact he inherited a mess, on and on. and i don't think he did himself any good. so i would hope that reince priebus and the wiser heads would prevail, but i certainly agree with katy, i don't expect it. i think there's nobody around him who can really control him. >> and, tim, also raises to me i know there's been a lot of criticism, it's almost fashionable in the political world to criticize sean spicer the white house press secretary for the job he's doing, but i thought watching trump out there yesterday almost

i mean, this meme that bannon is trump's brain and bannon is really the de facto president, that's nonsense. that steve bannon and donald trump are copesetic, that they have a similar world view, there is no doubt about that, but, in fact, i think bannon is merely implementing what donald trump laid out in the campaign. nobody puts word in donald trump's mouth. nobody makes up his mind for him. i've known him 40 years, he is his own man. he'll listen to others and take in advice, but at the end of the day -- i hate to borrow this from george w. bush -- but trump is the decider and he is not a merrionette for anyone and he is his own man and not beholden to anybody but the american people. >> glor: in other words, he's not going to change. the person campaigning for president and the person you see as president-elect and on twitter and other places is still the president and not going to change. >> what you see is what you get. this is the man the american people elected and i think these things have to be seen in some historical perspective -- crude, ignorant, uninformed, a wild man, this i

if we classify one of the de facto partners as a terrorist group. any potential diplomatic solutions to regional issues in which they are involved. if they're part of the solution, it will be difficult as a terrorist group. and it will be 10 amount to an unofficial declaration of war on iran. he exaggerates. he exaggerates. but there are a lot of iranians who would see it that way. so we create an emotional response in iran. we have to ask whether more pressure on iran would be a good idea would turn the population against the government. we get it wrong so often that we can't determine who will be the winner or loser in iran. there is probably nothing we could do to be certain to help. i have a feeling there is a lot we could do to hurt him that would benefit a hardliner like or loser in iran. one he turns out to be the candidate of the hardliners. i think you have to admit he is a far better partner than some would be. if the objective of the exercise is to prolong enmity for another generation, we should keep doing things that get the goat of the

the de facto head of samsung has been formally arrested on allegations of bribery, perjury and embezzlementincluding procedure he -- procedural steps in appeals that could take 18 months in appeals. the decision was made because of the risk he would destroy evidence or play. unlawfulas denied offers or paid a bribe to the president in exchange for favors. donald trump has rejected portrayals of chaos in his administration and claims incredible progress in his weeks in office. a news conference, he lashed out at media organizations he said "will not tell you the truth." isthis administration running like a fine-tuned machine. despite the fact that i can't get my cabinet approved, and they are outstanding people. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. matt and guy. thank you very much. another part of that 77-minute long press conference last night included the president's assertion that the strength in the stock market is evidence of his success in the white house. >> the stock market has hit record number

president obama has never yet designated anyone for this role and instead, the governor acted as the de facto vice-chairman for supervision in various ways including by chairing the federathefederal reserve commitn supervision and regulation, overseeing the large institutions supervision coordinating committee and representing the fai fed at the financial board among otherin functions. what do you envision for the vice-chairman for supervision having and how do you envisiona working with this person when we get one nominated and is it your expectation that he federal e vice-chairman for supervision will have the responsibilities that the governor currently has including an among other things chairing the committee on supervision and regulation of negotiating on behalf of the federal reserve in basel? >> i think as you know, the entire board has a responsibility for approving new rules. but the vice chair would add our supervision and regulation committee. and w we would coordinate our efforts inbos this area. he or she would also represent the board on international negotiations or financialo

but in this case, we have a guy who is going to be the most senior intelligence official in the country, de facto, at least, go to the russians before the election -- or before the inauguration -- and say we're going to lift these sanctions, don't worry about it, don't overreact, help me help you. >> right. right. >> and the fact of the matter is, that is something that is a very bright line, i think. and i think you're going to see the leaks continue because the intelligence community is quite obviously the number of sources in both the "times" and the "post" stories today were astounding. and these are folks who see this guy as a security threat. >> right. and what you're referring to is just something that can't be emphasized enough. there is a fundamental distinction between arguing a case or a pot in the united states and trying to use elicit or covert meanings to undermine the position of the u.s. government, whether you agree with it or not. colin, take a listen to senator chris murphy. you look at how democrats are reacting, how far do they want to go. this is how far he was prepared to g

instead, fed governor has acted as the de facto vice cahairman n various ways. supervision and regulation, overseeing the large institution coordinating committee and representing the fed at the financial stability board, among other functions. what role do you envision for the fed vice chairman for supervision having, and how do you envision working with this person when we get one nominated? is it your expectation that a presidentially-appointed chairman will have the responsibilities that the governor currently has, including chairing the committee on regulation and negotiating on behalf of the federal reserve? >> chairman, i think as you know, the entire board has a responsibility for approving new rules, but the vice chair would head our supervision and regulation committee and would coordinate our efforts in this area. he would -- he or she would also represent the board on international negotiations for financial regulatory standards, including representing the fed -- in beyond that, any semi-anl testimony to congress on supervision. i look forward to wor

white house still sees the media as an opposition -- charles: do you think at any point the media declared a de facto wa >> the reason donald trump fired his national security advisor was because of a report that the national security advisor at the time had lied to the vice president of the united states and the people who came out of reporting. so the president would like to criticize the meade why, he has to explain why then he fired his national security advisor after reports came out about it. charles: i think this issue goats way beyond mike flynn -- goes way beyond mike flynn. we saw in all of our lifetimes -- i don't know if we have seen anything quite like that. it was explosive. you could say maybe it was hyperbolic and went too far. but i think a lot of people believe the media was due for a comcomuppace. >> he doesn't usually single in individual reporters and he tries to zero in on reporters that are asking questions that are too hard. yesterday he didn't just try to damage america's views of the media. he said got more electoral votes than he did. charles: isn't this nitpicking? >> no.

the de facto head of samsung will be at the special prosecutor's office to be question.to prosecutors. as we mentioned last month, the court in south korea ruled that there was not enough evidence to keep lee in jail. it is looking essentially into whether samsung gave money to a close friend of the president in return for political favors, including support for a merger of two samsung units. this was a pretty controversial merger at the time that helped lee consolidate power. samsung has denied those allegations. shery ahn: a special prosecutors has been searching the president's office. they have not found much. what is next? reporter: they have been rejected from searching the president's office. still, the special prosecutor says they want to question the president, regardless of whether they have been able to search the presidential offices. the special prosecutor has until the end of march to finish up this investigation. so, they still have some time to go. when it comes to the president, there is of course, this constitutional court, which is looking at the impea

has never yet designated anyone for this role, and instead fed governor dan trillo has acted as the de facto vice chairman for supervision in various ways including by chairing the federal reserve board's committee on supervision and regulation, overseeing the large institution supervision coordinating committee, and representing the fed at the financial stability board and in basel. what role do you envision and how will you work with this person once we get one nominated. and is it your expectation that they will have the responsibilities that governor trillo has including among other things chairing the committee on supervision and regulation and negotiating on behalf of the federal reserve in basel? >> chairman crapo, i think as you know the entire board has a responsibility for approving new rules. but the vice chair would head our supervision and regulation committee and would coordinate our efforts in this area. he would -- he or she would also represent the board on international negotiations, financial regulatory standards, including representing the fed in basel and beyond that, th

sebastian: the de facto head of samsung has appeared in court for his arrest hearing. e prosecutor has added allegations of concealing profit and hiding assets overseas to earlier claims of bribery and perjury. the first attempts to take leak into custody were rejected due to a lack of evidence. snapchat's parent and a snap inc., set the valuation of its ipo at between $19.5 billion and $22 billion. they say the company is valuing $14 and $16.n that puts it on track to be the biggest technology ipo since alibaba in 2014. has filed for an initial public offering with plans for a listing in new york and toronto. the company will seek to raise as much as $300 million in the sale. that is the bloomberg business flash. mark? mark: u.s. secretary of state rex tillerson takes his international debut today as he joins foreign ministers from around the world at the g-20 summit in germany. host of the meeting helps set topics for discussion and is ready to challenge the u.s. administration on the issue of climate change. that is according to an official in berlin. let's get the l

president and say, it's ok for you to ignore the law, than that banks in the cake -- bakes and the cake a de facto dictatorship which this president has shown some definite characteristics of being interested in asserting and bringing into being. but let's approach your very good question from a purely political standpoint. if you look back at what happened when the house judiciary committee voted for the impeachment of richard nixon in 1974, there were seven members of that committee who were republicans who voted for impeachment. and that showed, as would be the case with an impeachment and removal of president trump, that if republicans were willing to cross that divide and vote for impeachment, then it becomes much less of a partisan issue. let me put it to you another way and we will talk about mr. pence. the only way given the majority of the house and senate that president trump can be impeached and removed from office would be if substantial numbers of republicans in both houses vote to impeach and remove him. numerically is at least 25 members of the house republicans who would vote for i

he was the defective leader -- the fact oh -- de facto leader. en i was there in january when the court ruled rejecting the special prosecutor's request for an arrest warrant they said there was not enough evidence. it would have been unprecedented had he been brought into custody before formal charges and what is expected to be a trial. now the special prosecutors have come with more evidence and the district court has ruled in their favor on allegations of bribery, perjury, embezzlement. -- revelationsns came forward. allegedly concealing profits gained illegally. hiding assets overseas. it is a very convoluted story. it is unprecedented. why was he remanded to prison before formal charges? that is what makes it unprecedented. a court sportsperson out this morning said there was a chance he could destroy evidence and he was a flight risk. >> what about the connection? tell us about the connection to the imprisonment -- impeachment of the president. >> we have known and documented for years the cozy relationship they have with government over the

trying to get behind it, they were also at the same time recognizing documents issued by the separatist de factoes in those rebel-held separatist areas, parts of eastern ukraine. that means you have a driving license, divorce document, passport from those separatist authorities russia will recognize it. you can get into russia perhaps on that separatist passport. some say that's one step towards potentially recognizing those separatist territories by moscow, and it had one important effect here. ukrainian hard liners, ukrainian security officials in kiev where i'm standing says russia doesn't want anything more to do with the so-called minsk agreements, the peace deal supposed to try to quiet violence down. ukraine officials talking about the need to take part of the separatist area in months ahead. it is highly volatile here. in the new geopolitical world, jake, with an uncertain white house vision for the ukrainian conflict, many are worried we may see full blown conflict as they try to cease initiative. jake? >> stay safe. thank you so much. showing the softer side of donald trump, how first

in france, a republican has become the de facto front runner and presidential elections. st round, according to polls. it shows that he would beat marine le pen in a runoff easily. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. david: in these early days of the trump administration, there is a flurry of 70 in the form+++ executive orders, statements, and tweets -- there is a flurry of activity. there was a controversial order stopping immigration from seven countries, at least for the time being. there are government consequences. attorney general john ashcroft talks about this when it comes to justice and national security. general ashcroft was senator, governor, and attorney general from his home state of missouri, and he now heads the ashcroft group. he joins us today from for jenny of each. good to have you here. gen. ashcroft: good morning. it is a delight to be with you. let's start with judge gore such. it looks like he came into the justice department for george w. bus

situation here is one that continues to evolve because the waters of the coyote creek continue to rise. now, that has become a de facto spillway for the anderson reservoir which has overspilled its capacity. we talked to one of the residents that got evacuated and we got an update from the san jose fire department. >> monday morning around 9:00. that's why i moved my car and stuff. >> reporter: you saw the water rising? >> yeah, pretty fast. in 15 minutes the water go up to here. thaet only li-- that's only lik inches. 15 minutes later, higher. >> people were taken out by boat one at a time. they were taken to my left because this is polluted water. >> reporter: you may hear the noise of a helicopter over my vice. the calfire helicopter is here doing surveillance trying to find out where the people are in need of being rescued. that's the situation from above. now, let's come back live to us right now. you see a group of people here who are standing by either to be decontaminated or who have already been contaminated. many of them are wearing hang tags which are giving fire personnel the information whether or not the

they're going to indict the de facto leader of samsung on bribery charges. executive -- executives will be charged. starbucks is heading to the home of the espresso. it will open its first store in italy, this year. italy,ng to strategically, it is not the biggest market in the world, but it is mostly that it is the most important market. because the italians mastered coffee -- coffee way before starbucks and we are not coming here to teach them how to make coffee, but we are coming here to present our interpretation of what coffee could be. is stepping down as ceo of starbucks in april. david: still with us is former ambassador to china, max baucus. he pleaded central role in the drafting and passing of the affordable care act. he also chaired the joint committee on taxation. i want to talk about what happens in the senate and the house as you know that well. the president has announced a extensive agenda. we have obamacare, repeal and replace. we have tax reform, infrastructure spending. how realistic is it for him to get that through congress? reform in t