but the treasury department stop there. in 1943, after learning that jewish children were in hiding in not the occupied europe, that same group of professionals resolved to find a way use their authorities to help save those jewish children. they were asked by the world jewish congress to issue a license to authorize that such funds be made available to help jewish children escape not see controlled europe. they worked for months to secure authorization to enable the funds to be released to support this effort. overcoming significant obstacles within the u.s. government to do so. having learned through this work about the atrocities happening in europe, secretary morgan thought -- mercantile and others believe u.s. government should do much more to save the jews of europe. late 43 and 44 they pushed for the establishment of the war refugee board. this board was led by members of the treasury team and played an instrumental role to save the lives of thousands of holocaust survivors in the final years of world war ii including

>> the treasury department undersecretary for terrorism and financial intelligence talks about applying economic pressure on north korea, russia, and venezuela. also from the atlantic council, this is 40 minutes. it is my great pleasure to introduce undersecretary mandelker, the senior sanctions person in the u.s. government. someone who has the good luck to be in charge of a deeply confident organization in treasury. the bad luck with an issue -- daniel fried: the bad luck with an issue where no matter how well we do, it will never satisfy anybody. that's just right. she is exceptionally qualified. southern district new york, attorney's office, counselor to dhs secretary, deputy assistant attorney general and lots more. she has one other qualification which i want to emphasize. i suspect that undersecretary mandelker knows that public policy council. not inside the washington reputation,terms of influence, positions, the next job. the town's for people. when you get it right, millions benefit. peoplelicy goes wrong, and up in bad places, or dead, lots of them and real fast. i suspect s

someone who has the good luck to be in charge of a deeply confident organization in treasury. the bad luck with an issue where no matter how well we do, it will never satisfy anybody. so that's just life. she is exceptionally qualified. southern district new york, attorney's office, counselor to dhs secretary, deputy assistant attorney general and lots more. she has one other qualification which i want to emphasize. i suspect that undersecretary mandelker knows that public policy council. not inside the washington beltway, in terms of reputation, influence, positions, the next job. the town is for people. when you get it right, millions of people benefit. when policy goes wrong, people up in bad places, or dead, lots of them and real fast. i suspect she understands that. which is the essential ingredient to differentiate someone who simply does a job and someone who helps change the world. that's what public policy can be about. so with that, and my appreciation for coming, the floor is yours. [applause] undersecretary mandelker: thank you, dan. really, thank you. that's one of

comingn: the money is into the rate market and the 10 year treasury. when does it come into the front end of the two-year space? 50 basis points is a cycle lower for this slide. completely flat, flat, flattening. the rolling over of risk appetite, is taking out rate hikes. -- no one is taking out rate hikes. at what point do we start looking at the front end of the curve, and saying, the fundamentals have rolled over, i want to start taking out rate hikes this year? >> that is when the rhetoric comes into play. the argument a month ago was, how come forward is not being price down? that was with a hundred percent probability of everything going right. when the data comes in the next, you will see that front and -- end getting a better bid. looking closerou to the front end and saying, that is a buy? not at all. there is a potential. it might be a low probability. you can see an inverted curve because of the technicals. what has driven the market to where we are today is the incentive to take risk, the technicals. at this current point in time, when the

the equity volatility picked up to where the bid came back into treasury. thleen: the bid did come back. when you look at the magnitude of the volatility, i would have expected a bigger rally. i think it speaks to the demand that is coming in temporarily. i think we have to remain focused on the fundamentals. the data for the underlying economy is still positive. we are expecting a good jobs number. we have not seen wage group. things are really percolating underneath. jonathan: this is a good point. i thought the same thing a couple of weeks ago. when we had a downdraft in equities market 6%, i was quite surprised that treasuries only dropped lower by three or four basis points on a 10-year yield. it was not dramatic. why do you think that is? i think positioning was such that i think everyone believes that rates are going to move higher. what has reset the levels here is the persistence of equity involved. you see this big spike in volatility. it persisted at a much higher level, relative to last year. that persistence in higher volatility in equities has

jonathan: kathleen, we have spent weeks talking about the risk-mitigation quality of treasuries and thebsence of treasuries over the last month. what has changed in the last week when the volatility came bid came backe into treasuries. kathleen: the bid did come back. but when you look at the magnitude of the volatility, i would have expected a bigger rally. so i do think it speaks to the demand that is coming in temporarily. and i think we have to remain focused on the fundamentals. the data for the underlying economy is still positive. we are expecting a good jobs number. jonathan: yeah. kathleen we have not seen wage : group. things are really percolating underneath. jonathan: greg, i think this is a really good point that kathleen makes, and i thought the same thing a couple of weeks ago. i was quite surprised that treasuries only dropped lower by about 3-4 basis points on a 10-year yield. it was not so dramatic. why do you think that is? greg: positioning was such that everyone believes that rates are going to move higher. i think what has kind of reset the levels here is the l.rsi

are indicted by the department of justice. treasuryad no choice. what are they supposed to do? not going to do anything about the money involved with the entities that were named by special counselor mueller. one other question, if this were a priority by the white house, the president has been around for 14 months. in the midst of allegations about russian collusion here. he could have told the treasury 14 months ago, i want sanctions today, he evidently didn't do that. >> phil mud, thank you very much. stand by. we're lucky to be joined for this breaking news by democratic senator from florida bill nelson. senator nelson, if i can, if i can get your reaction to this news that the treasury department issuing new sanctions on russian entities and individuals. >> i think phil mud's analysis is right on. the sanctions were imposed last august. it is eight months later. why did it take the administration so long? it is the hot breath of the mueller investigation and the indictment of these very same entities a month ago that they didn't h

a big move along the treasury curve. ry small bit of the front end leaves us with a much flatter curve. still ahead, the week ahead featuring a new month and a new u.s. jobs report. this is bloomberg "real yield." ♪ jonathan: i am jonathan ferro. this is bloomberg's "real yield." it is time now for the final spread. it will be a short trading week and some areas of the world. mainly due to easter monday. we will look at balanced numbers and the march jobs report in the u.s. america's libor replacement. greg peters, jim keenan, and kathleen gaffney. i want to wrap things up with a conversation about what has been happening with libor. the conversation continues because the grind high continues for how many days. why does that signal a flashing for you? kathleen: i think we want to watch and see how long this is going to persist far. it is a market consensus that when we reach april 15 and we start getting revenues in the u.s., you are going to see that come down. we should pay attention to that. if it continues to persist,

they are actually coming back into the treasury market. nathan: do we have a pain trade developing, mr. peters? greg: i don't know. bonds are doing exactly as they are supposed to be doing. bonds are adjusting. at the same time, there is a complete and utter overreaction to the upside a month and a half ago. the combination of those two factors, with data being more mixed and expectations being too high, i think it was set up for bond yields to rally. jonathan: jim, it means the move is temporary until risk appetite picks up again. if it is based on the data, it could be something more fundamental and can have more longevity. what your thoughts? jim: the level of the data matters as well. you are coming at a period of time that, post the commodity downturn in 2016, we had a pretty big global growth and a cyclical upside. you are starting to see some of that data weakening up. as kathleen points out, then there is some demand. of the last two years, you have seen a significant amount of clients pile into that equity upside trade and avoid fi

vonnie: the u.s. treasurylling for an investigation into qualcomm, putting the deal on broadcom on hold. this is broadcom was poised to score a board majority. that story, next. this is bloomberg. ♪ ♪ the trump administration is taking a harder stance on foreign deals. u.s. --'s ceo and the the u.s. treasury has moved to suspend broadcom's takeover of qualcomm, saying that poses a national security risk. it came as broadcom was on track. broadcom was a threat to national security while qualcomm is the opposite? >> this is supposed to be over today, this is supposed to be the pushback. the argument is interesting. they are looking at the difference in two corporate colleges, saying qualcomm is a huge investor, update part of the future of 5g and america being a world leader in that. they have not made any issuance yet, but they say there are concerns broadcom, if it potentially became the owner of it, would limit the spending and imperil america's position as a leader in 5g.at the moment, it is preliminary. she

and that mightg serve to be a risk for the treasury. showing just that when it comes to 10-year note and demand falling. sinceg to the lowest october 2009, 2.246. this is a reflection we can see more pressure on rates going up, given the supply? brian: it's definitely possible. the trend is towards higher rates. we will see today, we have a three year auction in the tenure auction, 30 year tomorrow. we get a wide range of maturities, some will be interesting to see how each one of those goes in the 10 year a think is the really adjusting one because it has the most liquidity, it's the benchmark and if we continue to see week bid to covers, which essentially means the treasury is only getting $40 billion in bids to cover $21 billion, if that happens, that would be notable because the demand would be lower than it has been and people might not be interested in buying. vonnie: how much does a man have to do with inflation expectations and how much of it is we just need things safe-ish to put in our coffers. brian: the fact that the auction

the treasury department calling out five entities and 19 people for interfering with the 2016 u.s. presidential election and launching cyberattacks. this announcement comes more than a month after congressionally mandated deadline for sanctions came and went without the administration implementing them. i want to get straight now to cnn's senior diplomatic correspondent michelle kosinski. give us the details. >> i think the headline is not just that the u.s. is sanctioning these people, that meddled in the u.s. presidential election, but the u.s. is finally sanctioning these people. this is under a law that was passed with overwhelming bipartisan support, several months ago. there was a deadline which they could sanction that. that has already passed. the administration has always viewed that as a deadline at which they should begin the process of sanctioning these people, that they had identified in the interim. anyway, this is a number of people, you said, five entities, 19 people, these are people who were named in special counsel robert mueller's indictment forred for ed meddli

the resources to work with. brian mentioned funding. that is true. i think treasury as well to fulfill its sanctions role it needs more people and more money. -- fulle department disclosure, the office at the job waspartment my old abolished. closestssler is the think the state department has to the sanctions coordinator. he is a good guy. i know he sitting here. he is a good guy. there is nothing wrong with him. but, he is only one guy. he is one guy. i had a staff. gotas got himself and he's a day job. he is deputy director of policy planning. is goingdministration to you sanctions, it should remember that sanctions work legal analytic and andcy skills of ofac treasury offices are combined with the diplomatic skills of the department of state. that is a big deal. that needs to be fixed. , david and andrea mentioned this. effective sanctions policy is not a little unilateral action. they said it. but the administration is going to have to mean it. when we go to the europeans or the japanese about russia sanctions, we are asking governments to tell their businesses t

i'm very glad to hear the secretary of treasury talk about. at that's what we want to bring up the question is whether dem graphics will enable us to brit up enough to keep 200,000 plus jobs a month when population is only generating about 50, 60, 70,000 jobs. >> and we're going to continue to watch it. thank you for joining us >>> let's get more reaction to the comments from the treasury secretary. from our team of cnbc experts. joining us now mis steve liesman is back at hq and rick santelli is at the cme. steve liesman, i want to start with you what jumped out at you about these comments from the secretary whether it had to do with the jobs report or, of course, the tariffs that we've been talking about here for days that are beginning to take shape in terms of what they might do >> i'll throw two out here not to steal the thunder of my colleagues there, but this notion that more countries might be exempt the next couple weeks in addition, i assume that means to canada and mexico, and then the comment president trump is no herbert hoover. i'

speakers include current and former representatives from the state and treasury department. they react to this week's announcement of a potential meeting between president trump and north korean leader kim jong-un. from the atlantic council, this is one hour and 15 minutes. council, this is one hour and 15 minutes. good morning everybody. welcome all. real people and virtual people and whoever else may be listening in. if you are following the conversation on twitter, please use #shapingsanctions. as last night's announcement on dprk suggests, sanctions are both a hot foreign-policy tool, to top the news, central issues like russia, iran, dprk. sanctions are much used, much talked about, and often misunderstood. given the importance of sanctions, symbolic and substantive, the atlantic council has established a new sanctions program which aims to bring together key stakeholders from the administration, congress, policy communities, it and businesses to improve the sanctions tool. i would like to thank the , press water cooper, david mentzer, and some of our partners in the san

finn said which is the most worrying of all because of course that's part of the u.s. treasury and they can throw you away for a life but i want to look at a headline about a start up in the old fashion world and that's part of why combinator went to silicon valley startup incubators and this is illegal apparently a startup is pitching a mind uploading service that is one hundred percent fatal so this is a company called next tome and it's founded by some guy robert mcintyre and basically you'll be able to load your brain. on a cad jaz you have to basically have physician assisted suicide write while it solves two problems with one great start up you relieve yourself of the burden of this mortal coil and you achieve immortality these are the the psychological imprint of new consciousness to the close so it's very have been like it's a good we're going to the club the pearly gates of this but you know this is what happens during the whole process remember alan greenspan renews during the federal reserve bank that the economy is getting lighter by that he meant that we are moving

reached the treasury of your government. —— $750 million worth. oney went, do you know? my my last question, prime minister. i began by suggesting that for many decades the politicians, the leaders of drc have failed the people of your country. what promise or what faith can you give to the people of your country that the next five and ten yea rs your country that the next five and ten years ago to see better, more honest leadership? prime minister, thank you very much for being on hardtalk. hello there. plenty to talk about in the weather story for the remainder of this week. we closed out yesterday in the south—west with a beautiful sunset. however, u nfortu nately, that's the place today where we will see some of the wettest and windiest weather courtesy of an area of low pressure moving in from the atlantic. it is bringing quite a lot of heavy rain and gale force winds to parts of portugal and spain. this low will sit out in the atlantic and influence the story for the next few days to come. good news, a southerly wind will bring milder air acr

they recognized that the treasury department. they worked strategically, smartly to figure out how to use those authorities in the most impactful ways. that is an important element of the approach that we are employing today, but with much more robust tools. components today include o fax, the office of terrorists financing crimes, and asset forfeiture. within the components we have a broad array or of tools across a broad spectrum including patriot act authorities like section 311 and 314 amb, enforcement, engagement, policy, intelligence and analysis and other regulatory authorities. i view their authorities as operating as part of one continuum. for every problem that we face, whether it's terrorists financing, proliferation, human rights abuses, corruption and others, we are strategically applying and integrating those tools best suited to the problem and in complementary ways. it is the only office of its type in the world that combines such a broader work rate of economic tools and components. i always say congress and the e

should remember i just read thank you q after the break britain has shot a chief secretary to the treasury to dow jones us if he thinks stories amaze finished after friday's breakfast speech as irish water told today continue in brussels and thirty four years to the day off at least saved britain from the neoliberal fatter revolution the music from the dead times the lonely debut album a state of the hall. to have going underground. what politicians do. they put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. somehow i want to. have to go on to be press this is what before three in the morning can't be good. i'm interested always in the waters about how. this should. hey everybody i'm stephen. proud american first of all i'm just george bush and. this is my buddy max famous financial guru just little bit different. with all the drama happening in our country and have fun every day americans. start to bridge the gap this is the great american. welcome back as well as welcoming a saudi autocrat u.k. prime minister to raise a baby this week faces

imagine for a second that you're not a shadow cabinet minister but you are the chief secretary to the treasury what happens when the european union negotiating with you says and the labor government says you can't bring these crucial elements of british. the under democratic control because if you want to be part of the customs union you are acting illegally when you say nationalize the railway through instance well no look the bottom line is through always are after you in the your opinion and i must fly so i don't accept that premise the bottom line is well in all this is about the stance on the tone of the negotiations i've been on your program before met met a number of times and i've spoken about this on a number of occasions whereby the tro and the constructive dialogue is all important but if you've got a government which don't know what they're doing from day to day. very state insulting the europeans and those sort of negotiations of bound to create tensions so what you gonna get in this regard this effect of the europeans take the ticket not lie because it seems to me the only time t

the slide has helped drive the gap with u.s. treasurieso the widest in four decades. 90 minutes into the session in the u.s.. how is it looking? julie: it is looking bouncy. stocks are kind of moving around within this range. the most of the three major averages but now has cut that decline to three quarters of a percent. a lot of movement even within this short session. a lot of the downward movement is in technology as you can tell and in particular with the so-called faang stocks, amazon one of the worst performers among them. the index down 13%. tesla, one of these momentum stocks. today decline as the company is dealing with an accident that occurred on the west coast. tesla saying it has not gotten access to the vehicle's logs. it is working with authorities to do so. has led did preemptively defend the record of its autopilot safety features -- tesla did preemptively defend the record of its autopilot safety features. walgreens coming up with numbers that beat estimates. pharmacy sales are strong as it acquired a number of rite aid

today, 19 individuals have been picked by the treasury. mueller, investigating russia's actions in the election, has helped this. one of these is someone has helped this. one of these is someone known has helped this. one of these is someone known as has helped this. one of these is someone known as putin's chef, owning a restaurant business up at close to the kremlin. what is interesting is that steve mnuchin says these sanctions are for meddling in the election, but also for the recent use of a military grade nerve agent to murder to uk citizens. ——2. he has gone further than donald trump has in pointing to this alleged attack by russians on a uk citizen as a reason for these further sanctions. in other business news, broadcom in singapore has reported better than expected earnings only a day after they were expecting to take over a us company, but were blocked by president trump. they upgraded to $5.2 billion in the first quarter, but no mention of the deal. wesfarmers is spinning off its coles operation, planning to list on the austral

, the technicals for the treasury market and generally everything with ve. >> does the argument that she represents resonate with you? >> i think it does. we often get focused on the dots. the key methods is they upgraded their growth and inflation forecasts. also, the terminal rate forecast. they are giving you a clear message as to where they think they are headed. we get too caught up and are they doing to our three additional hikes. that is probably a mistake. these are forecast. we are talking three years in the future. dots, we need to remember they are not actual forecasts. they are where the fed thinks things will work out based on their models and citations. these are models that have been largely wrong for many years. a lot of uncertainty still remains. we can bring this up on the screen very quickly, the big wager going into the federal reserve meeting looking for the spread between december 19 and 2020. the fed delivered the volume that was looking for, which is the race higher for 2019 and 2020. at the front end, of session between whether we

i'm grateful for stephen nation for using the treasury departments authorities to reinforce the charges. also want to thank others and the department of justice employee agents, and support personnel who worked to secure this indictment. reduce our attorney from southern new york. >> thank you rod. the morning. my name is jeffrey berman. i am the united states attorney for the seventh district of new york. today, in one of the largest state-sponsored hacking campaign sever prosecuted by the department of justice, we have en masse criminals who normally work in total anonymity hiding behind the ones and zeros of computer code. this massive and brazen cyber assault on the computer systems of 144 euros universities 176 foreign universities in 21 countries and dozens of government organizations and private companies, this was conducted on behalf of the iranian governments islamic revolutionary guard or i rgc. his indictment alleges it was leaders of the madden institute. the company that conducted this assault and then sold to illegal foods. the company was set up in 2013 by two defendants.

jonathan: what are the risks for treasuries? we caught up with bill gross. ke a listen to what he had to say about when next for the 10 year yield. >> i think we will see fed funds somewhere around 2% or 2.25% ass opposed to 2.5% or 3%, which is what the market expects until a tenure at 2.87 is probably positioned. not well-positioned for 2.5 to 2 and 3/4. resonate with you? r.j.: we are more on the bearish side. the fed is an upward trajectory, the inflation risks are fueled by weaker dollar and rising commodity prices. i think we are heading higher than what bill gross suggested. would not be shocked if we break three on 10, it would be hard to do. but we think as the year unfolds, we will end up in the low three range. we are not more extreme, more bearish than that. jonathan: to get outside of the argument as to whether we break the magic 3% on u.s. tenure, is it safe to say the consensus at the moment is we might be nearly top end of the range on a 10 year yield for 2018? guy: absolutely. the short-term trading range we are looking at, most fall into thi

thanks to the treasury department, the defendants will fight it difficult to engage in business -- find it difficult to engage in business or financial transactions outside of iran. by making it clear that criminal action's have consequence, we deter schemes to victimize the united states and its companies and its citizens. and we help to protect our foreign allies. issummary, the united states taking several coordinate actions to coincide with on stealing -- unsealing this indictment. we are releasing information about cyber vulnerabilities which will help private organizations protect themselves, clearly listing the existence of international law .nforcement i'm grateful for steve mnuchin for using the treasury's resources. directorey berman, fbi christopher a -- chris for a and the other personnel who worked to secure this important indictment. i bike to reduce the united states attorney from southern new york, jeff berman. jeff: thank you, rod. good morning. my name is jeffrey berman and i am a united states attorney for the southern district of new york. today in one of the largest

it will come from the treasury. initially from treasury reserves. cant economic consequences and the bill likely to be around £4 billion, possibly even higher because you can bet your bottom dollar the public sector workers will be thinking, if nhs staff are getting that sort of money, we want that sort of money, so there will be huge pressure on mr hammond to hand over larger sums of money. what it tells us politically i think is that not that austerity is over, there is still plenty out there, but that the government has made a huge strategic decision to ease off on austerity. the reason, a simple calculation that after eight years of pay freezes, pay caps, people have simply had enough. thank you. and to catherine burns as well. well, following that news, figures out this morning suggest the squeeze on household income may be easing with wages growing at a rate just below the rise in prices. official statistics showed that average wages grew by 2.6% in the three months to january. they come a day after figures showing inflation falling back to 2.7

the market reacted, the dollar got stronger, and treasury is the same. what backsk powell what some of the policy said on tuesday? michael: you the job where i think i understand what you think i said? he said the economy is going to grow faster but there is a lot of slack in the labor market. bigwe're not going to see changes in inflation, but that could come down the road the right now we are ok and does a coded message to the markets tuesday'soverread testimony. he is basically saying we could absorb what you current address and it seems to have worked because if you look at the yield curve, eels are down across the board. it is interesting what he said about labor market gains. ac buying into steven mnuchin's view that tax legislation could happen without this rising inflation with productivity? michael: what he is saying is all things being equal -- tax cuts lead to more investment, that should lead to higher productivity. but those things take a long time to develop. so we could get inflation from this, but not enough in this year, 2018. he didn't

our city it's an interagency panel led by the treasury department bringing me back. back to what the initial point offerings and now that fin san is also weighing in on on these tokens and basically what they're saying about these token offer all these i see oh isn't this what like a thousand of them that they are money transmitters so there's a government agency called surplus. syfy s o r i mean i'm pronouncing it that way they might have their own way of pronouncing well that's not too subtle isn't so one of the reasons why so if you as i call c f i us was perhaps move so fast they say is that broadcom was going to relocate to the u.s. in order to circumvent in order to perhaps you know get around any national security issue so they're going to pretend they were american but so basically what the president and the administration are saying is that they were worried that the china's huawei for example who is their biggest competitor the next biggest producer of microchips the ones that are using your phone so that and will be used in the future basically electric car

my sources inside the treasury department tell me he means it. the question is the white house. i don't believe it, you know, when he says that the president supports it. i'm not sure. >> the bottom line is that the treasury department is an executive agency so now we're moving this out of congress where it's been done into the executive. so now it's either mnuchin is telling the truth or the white house is not going to do it. >> right. and i think ultimately treasury can do it. the other thing is they gave congress ammunition, that secret list. everything else that treasury idoing, they also did a report to congress about additional sanctions. what would it look like if they sanction the sovereign debt. right now u.s. banks can help russian companies. u.s. banks can help them with their debt. if we wanted to really clamp down, the u.s. government would say you can't do that. the u.s. government would restrict their access to the swift system. >> this is how we did it to iran. >> we could go a lot more hard core with them. >> but this is not -- the average martian showing up on

treasuries. thewo-yearred to and three-year notes, often in very heavy demand from foreigners, due to excess reserve purposes. david: a 30 year option is coming up tomorrow -- auction is coming up tomorrow. there is one million more now than there was in january, but they are stable. right now, we are in a study environment. two-year notes are going to be increased by another $2 billion, and another $2 billion in april. we do also have another view on the inflation front from cpi numbers. we also have the fed march meeting. be the key elements investors will be looking at as they try to assess bond markets? is what isallenge the function of the federal reserve. will next week's statement by the federal reserve is very hawkish? you could see two-year and three-year notes go up and a flexor yield curve, but we have not seen that yet this year. with the clocks shifting this past weekend in the united states, so has part of our schedule. bloomberg real yield will be at 11:30 new york time this friday, on

scarlet: are equities the drivers for treasury price action? that way, at least for today. who knows what tomorrow will bring. but it has been soft. fangp 500 declining, stocks, driving supplement into the close. joe: thank you very much for joining us. scarlet: coming up, the saudi crown prince continues to tour across the u.s., but will it be enough to convince american companies? we have that angle covered for you next. this is bloomberg. ♪ " --let: "what'd you miss the saudi crown prince mohammad bin salman continued his time offensive, with google signing a deal with aramco to establish a national cloud provider. the crown prince keep an eye on tech deals, in hopes of diversifying his country's economy, but will his pitch be enough? for more, we welcome th co-chief -- the co-chief investment officer at capricorn from london. what is your impression of the charm offensive we have seen so far? >> thanks for having me on again. i think that it is what saudi arabia needs, to diversify its economy. the crown prince has been assertive in a's, wil

the treasury end of the year. will the uk be involved?nts, its preferred option is a revenue tax. this could be as significant a moment on tax as the organ is on data for facebook themselves. from brussels and san francisco, thank you. with six people stabbed to death this past week in london, a senior police officer has told bbc news the big rise in knife crime isn't causing the outrage it should. he fears it's because many victims are from the black community that not enough is being done. our special correspondent, lucy manning, has been speaking to the family of one victim. seven days, six murders, all by knives. police in east london investigate another last night. knives now being used too often, killing too many. just a few miles away, this bedroom was full of life, but that life is gone. they are parents who lost their son last month. now it's empty. nothing is here. he died for nothing. when i come into this room, hasan's smell comes in my nose. everywhere, it has that smell. hasan's mother, amina, can now only stroke his picture

should remember i just read thank you q after the break britain has shot a chief secretary to the treasury peeta dow jones us if he thinks trades amaze finished after friday's brecht good speech as urgent irish water told today continue in brussels and thirty four years to the day off a skull deal nearly saved britain from the neoliberal fatter revolution of music from the dead time for the morning debut album in the state of the hall told us it will come home but to have going underground. on the gun some is not is not a quick place is not a good country and children are just to get the pleasure of mr philip bunch of family as well above the storm. because that's what the desperate call that is blue. that's the approach of. the colorful lestrade with live i'm checking into the c.d.'s. only and just little that i'm biased from the moment of i'm still competing with them. mostly albums fossil. play almost any kind of numbers and he based a lot of that kind of a lot better john said on my stand on my shoulder as i had no one can i do it not the last i will slice from that mic matter how not

the u.s. treasury secretary says he is optimistic. foxnewsuchin told besides are engaged and productive conversation. less with the president announced measures against china announced $50 billion for punishment against intellectual theft. >> we are having negotiations with the chinese to see if we could reach an agreement. as the president has that, we want to cut the trade deficit with hundred billion dollars over the next year and eliminate force joint measures and we are having productive conversations with them. i am cautiously hopeful we will reach an agreement, but if not, we are proceeding with these tariffs. ed: in barcelona called protesters have flesh with police over the arrest of the leader. exile inen living in brussels, but was arrested in germany and could be sent back to think of his trial. he is been traveling around europe, pressing the case for catalonia defendants. we'll climbs to a two-month high as saudi arabia intercepted ballistic missiles by force in yemen. the missiles were i

can rule to the committee on foreign investment, that is run by the treasury secretary. ey can rule on efforts by outside companies from the outside of the u.s. borders to take over u.s. companies -- it doesn't work the other way yet. there is legislation in congress that would allow them to do that , it is probably going to pass but it hasn't gotten there yet. the question people are asking about this is what extent are they going to put restrictions on what the chinese can buy in the u.s.? tech companies are ruled out that broadcom and qualcomm deal, so he has put tech on notice. are they going to require any disinvestment of chinese ownership in any state in companies in the u.s. already? it is not clear how far he can go with that but that has been talked about as well. vonnie: what is the president's ultimate goal? we know protectionism is a stance, but these specific and targeted measures -- what kind of response is he anticipating? michael: ladies and gentlemen, vonnie quinn has just asked the question. nobody knows. deficit focus on trade and he doesn't like that

, the technicals for the treasury market and everything offf it are not constructive. jonathan: jim cielinski, does the argument she presents resonate with you? mr. cielinski: i think it does. i think we often get too fussed about the dots. the key message is they upgraded their growth and inflation forecast. and also the terminal rate forecast. they are giving you a clear message as to where they think they are headed. i think you don't get too caught up in this they are going to do two or three additional hikes, i think that's probably a mistake. these are forecast and we are talking three years in the future. the dots, you need to remember, they are not actual forecast. they are how the fed think things will work out based on their models and their expectations. and these are models that have been largely wrong for many years. in a lot of uncertainty still remains. jonathan: looking at the dots, i don't know what they are worth at this point, but we can bring them up on screen. the big wager going into the federal reserve was wages looking

subsequent to that, david spent several years at the treasury department first as a senior advisor tothe director of ofac and then following that is the senior advisor to the undersecretary of terrorism finance intelligence. brian o'toole, glad you are here as well. [laughter] brian is currently a nonresident fellow at the atlantic council and prior to that he was serving as the senior advisor to the director of ofac. brian is a recognized expert on economic sanctions andgn is focusing on his work on the intersection of economics, national security and economic and financial sanctions. i will narrate that, prior to his time at the treasury he als served as an analyst in treasuries excuse me, prior to his time at ofac he served in the international affairs office and he also served at the central intelligence agency. ambassador dan really needs no introduction but i will simply say that prior to joining the atlantic council in his current capacity he served in the foreign service for 40 years and played a key role in designing and implementing american policy in europe after the fall o

if i can bring in the short positions of treasuries, the consensus is get your short treasuries. if you put that against the yield, i'm wondering if the pain trade might be developing in the short-term here, bob. i borrowed this line from elon musk. is it stormy weather brewing? bob: where is it? we should have seen it by now. the short position has been built up for a month and a half. why are we 250, 260? it is because you have got the central banks continuing to run down their balance sheet, particularly the fed. so there is an incremental amount of selling that is going on. you have a lack of flows coming in overseas because the cross currency basis has shifted. if in fact a short base were a big problem, i think we would see rates a lot lower. we have to accept that we have not seen rates lower. there is more selling is to come. jonathan: doug? douglas: i agree but the ecb is still doing 30 billion euro per month. i think that you see that impact on the bund market. right? every time the bund market wants to react to the data, all of a sudden the weight of 30 billion a month

policy for the whole american government because today the u.s. treasurydepartment under secretary steven mnuchin announced that basically they copied everything in the mueller indictment against those russians, copied it into a new document and called it sanctions. all those people charged by mueller and his team last month are now the subject of new u.s. sanctions against russia in response to the russian attack on our election. lots of news coverage describe these as the most significant sanctioning taken by the president against russia since the president took office. and let the record show this is the only action taken against russia since president trump took office. there were the indictments from mueller's office a month ago and those indictments have become sanctions. that's it. that's all they have done. the obama administration before they left office, they took action and expelled 35 russian diplomats. they seized two russian controlled diplomatic facilities, one on the west coast and one on the east coast and imposed sanctions for the russia

remarkably direct and blunt words from the treasury secretary and from the joint statement from the u.s., uk, france and germany. vladimir putin is in the spotlight for reprehensible behavior and the president of the united states is saying very, very little. >> i spoke with the prime minister and we are in deep discussions. a very sad situation. it looks like the russians were behind it. something that you should never, ever happen and we're taking it very seriously as i think are many others. >> let's begin with the latest reporting, jeff zeleny live at the white house. toughest action by the administration. explain why and why the president doesn't talk about it. >> it was the toughest action taken by his administration. the treasury department, if you look at the list of sanctions released this morning, it is a near mirror image targeting individuals listed on the mueller indictment from february 16, one month ago. it's striking this investigation that the president has repeatedly described as a wish hunt. his administration sees similarities but you're right, we didn't hear the pre

financial shaky system, they rely on the purchases of reliable u.s. treasuriesn order to stabilize that system. i think in truth, having these discussions between the president and china's leadership about lowering this trade deficit and about china and its practice of stealing our u.s. technology and intellectual properties, it is long overdue. the challenge as you know is to make sure -- you have to be very cautious about punishing american families and workers for china's misbehavior. i think the president's right to be having these discussions with china. i think he is right to be listening carefully to american businesses and workers who are using fairly traded products. we have to make sure that tariffs don't stop the growth in any way. david: discussions are one thing. a trade war is something else. you talked about the texans really liking the tax cuts. how do they feel about a possible trade war? republican states are concerned about exports. --. brady: it is important back home, i hear that we want to be able to compete around the world. you hear that

people should remember anderson thank you q after the break britain's shadow chief secretary to the treasury peeta dow jones us if he thinks stories amaze finished after friday's break that speech as urgent irish water told today continue in brussels and thirty four years to the day author scargill merely saved britain from the neoliberal fatter revolution of music from the dead time from the morning debut album a state of the hall the symbol coming over to of going underground. another gun some is not so is not i can quit place is not a good country and. yes it is the minister to live much of among us well above the scum. bag of this but at the message this thought it is glued. to the culture. of the culture less sure of the familiar checchi of christmas. calling in just for the embrace from a fellow muslim of oneself to be timid and. mostly helpless franzl. play almost anything for the numbers from the base the gnostic and our better john pelan based on our much less how to tighten them in can i do not believe as i would mr right is from catholic matter how on are not he came. from a shall