u.s. department of treasury naming individuals who were connected with russia's president vladimir putin now people were expecting this list but it did not materialize a bill that was passed to the countering america's adversaries through sanctions act specifically allows the government the united states to impose sanctions on countries that do business with countries targeted by the bill the usa can impose sanctions and can begin the process of imposing sanctions on countries that do business with russia's intelligence or defense sectors now allies of the united states in western europe nato countries among them there were some that were not happy about these new sanctions as they prevent them from doing business with russia nearby neighbor and trading partner we've heard a lot of anger from german officials bilgin officials are also not happy about these new sanctions being imposed on russia that will have a negative impact on their economy and this is potentially driving away between the united states and other nato members and countries now at this point it appears that donald trump is n

of expectations. they also snap up a u.s. cloud company for 2$2.4 billions. >>> and shares in some of russia's largest companies fall after the u.s. treasury department issues an oligarch's list that names and shames but does not sanction hundreds of the country's politicians and businessmen. >>> happy tuesday morning, willem it hasn't been so rosy when it comes to markets reaction. we saw the first down day in four months in u.s. trading yesterday with all the major indices coming off a bit dow and s&p seeing their worst day since september pulled down by some blue chip names including apple. the picture in europe is not positive this morning. stoxx 600 is trading down. the ratio of red to green is 8 to 2, i would say. more red than green. let's get into individual bourses. again, you can see that european bourses across the board are actually struggling. ftse 100 down almost a half percentage point similar theme for germany and cac currant as well. ftse mib is one of the more risk-on risk-off barometers and is the index outperforming today. technology is leading the charge here, which is surprising given the apple news we got in yesterday's u.s. tr

u.s. treasury department and the inner circle of the russian president now the publication as. saying sions bill which was signed by u.s. president donald trump back in august last year but the u.s. treasury department denies that it is a sanctions list. it is not a sanctions list and the inclusion of individuals or entities in this report does not and in no we should be interpreted to impose sanctions on those individuals or entities the us ambassador to russia has already called for the russian side not to react emotionally to this publication kremlin spokesperson said that this list does not represent anything in particular but they will still look into it a possible impact on the russian companies some of their russian politicians have reacted quite certain cast sickly to this list they say that the u.s. intelligence is simply decided to include everyone from the kremlin's phone book and want and one high ranking official even said that this list is essentially a book of who is who and the russian politics so the u.s. says it is not saying since list but what could be the ai

u.s. treasury department and the inner circle of the russian president now the publication as. saying sions bill which was signed by u.s. president donald trump back in august last year but the u.s. treasury department denies that it is a sanctions list it is not a sanctions list and the inclusion of individuals or entities in this report does not and in no we should be interpreted to impose sanctions on those individuals or entities the u.s. ambassador to russia has already called for the russian side not to react emotionally to this publication the kremlin spokesperson said that this list does not represent anything in particular but they will still look into it a possible impact on the russian companies some other russian politicians have reacted quite certain caste sickly to this list they say that the u.s. intelligence is simply decided to include everyone from the kremlin phone book and want one high ranking official even said that this list is essentially a book of who with whom and the russian politics so the u.s. says it is not saying sions list but what could be the ai

u.s. treasury department and the inner circle of the russian president now the publication as. saying sions bill which was signed by u.s. president donald trump back in august last year but the u.s. treasury department denies that it is a sanctions list it is not a sanctions list and the inclusion of individuals or entities in this report does not and in no we should be interpreted to impose sanctions on those individuals or entities the u.s. ambassador to russia has already called for the russian side not to react emotionally to this publication the kremlin spokesperson said that this list does not represent anything in particular but they will still look into it a possible impact on the russians.

u.s. treasury department and the inner circle of the russian president now the publication as. saying sions bill which was signed by u.s. president donald trump back in august last year but the u.s. treasury department denies that it is a sanctions list it is not a sanctions list and the inclusion of individuals or entities in this report does not and in no we should be interpreted to impose sanctions on those individuals or entities the u.s. ambassador to russia has already called for the russian side not to react emotionally to this publication the kremlin spokesperson said that this list does not represent anything in particular but they will still look into it a possible impact on the russian companies some other russian politicians have reacted quite certain sickly to this list they say that the u.s. intelligence is simply decided to include everyone from the kremlin phone book and want one high ranking official even said that this list is essentially a book of who is who and the russian politics so the u.s. says it is not saying sions list but what could be the aim of such

departments more than ninety five percent of employees at the environmental protection agency and housing department will be out of work that's compared to about fifty percent of workers the treasury u.s. defense secretary says training maintenance and intelligence operations will be impacted around hoff of the defense department seven hundred forty thousand civilian workers will also have to take a leave of absence and if you're planning to visit the u.s. landmark tourist sites like washington's famous smithsonian museums and the national zoo well they'll be closed but services like border security as well as as traffic control will continue the state department also says visa services at u.s. embassies will remain as long as funding remains. is a political analyst and professor of public policy at george mason university he thinks the shutdown will hurt president trump the most. he'd love to be able to fire congress but he can't do that and people hold the president responsible for running the federal government look the president's republican the republicans have majorities in both houses of congress democrats are perfectly confident they can put the blame on the republicans for no

departments more than ninety five percent of employees at the environmental protection agency and housing department will be out of work that compares with about fifty percent of workers at the treasury the u.s. defense secretary says training maintenance and intelligence operations will be impacted about half of the defense department seven hundred forty thousand civilian workers will have to take a leave of absence well if you're planning to visit the u.s. landmark tourist sites like washington's famous smithsonian museums and the national zoo will be closed but services like border and airport security as well as air traffic control will continue the state department also says visa services u.s. embassies will remain as long as funding remains our white house correspondent kimberly how it joins us live now from washington d.c. so they've got what about forty eight hours anyone think they can pull it off. well certainly congress is trying its back in session both the house of representatives and the senate on saturday trying to work out a deal there is some optimism that that can occur but at the same time the white house has drawn a line in the sand essentially saying until government fun

departments more than ninety five percent of employees at the environmental protection agency and housing department are now out of work that's compared to about fifty percent of workers at the treasury the u.s. defense secretary says training maintenance and intelligence operations will also be affected about half of the defense department seven hundred forty thousand civilian workers will have to take an unpaid leave of absence the country's national parks have been ordered to remain open though with reduced stuff but landmarks sites like washington smithsonian museums and the national zoo will be closed services like border and airport security as well as traffic control will continue the state department also says visa services at u.s. embassies will remain as long as this funding as goes white house correspondent can be held in washington d.c. what can you tell us about negotiations over the shutdown how long is it likely to last. well initially it was thought that perhaps this could be resolved over the weekend so that federal workers could resume working monday morning but that is looking less and less likely as congress began to take session with the house first in the senate soon sh

departments more than ninety five percent of employees at the environmental protection agency and housing department will be out of work that's compared to about fifty percent of workers at the treasury the u.s. defense secretary says training and maintenance and intelligence operations will be impacted around half of the defense department seven hundred forty thousand civilian workers will have to take a leave of absence and if you're planning to visit the u.s. landmark tourist sites like washington's famous smithsonian museums and the national zoo will be closed but services like border and airport security as well as air traffic control will continue the state department also says visa services at u.s. embassies will remain as long as funding remains scott lucas is a professor of american and international studies at the university of birmingham he says continued budget uncertainty will have an impact well beyond the shutdown we're in this position because the trumpet ministration has not passed the federal government budget after one year in office it doesn't even have one ready to present so that's the core issue where it's had to go again and again back to congress on this occasion for

we should get those numbers in february, right >> we get the quarterly profile of funding from the u.s. treasury department as well. so we are seeing a big increase in supply. at the same time the fed, of course, is starting to shrink its balance sheet. it's reducing the number of treasuries it's holding. that's a big, meaningful shift >> those are technical drivers, also, again, if you flip it, ten-year yields can only sell off so much if it's not accompanied by rising inflation as well. >> good point. interesting what we're seeing is inflation break evens move higher as i suggested, there was strong demand for the ten-year tips actio5 auction. so we're seeing nominal yields moving higher. the big question is how much further can yields move an we still see this sea of green in terms of stocks? at what point do stocks turn around and said i don't like this much. that's a big question for investors. >> and for yourself. when you see these things happen, there's also a lot of volatility in the equity space the dow continues to move higher, but there's a lot of intraday volatility. vix moving higher. as an i

the white house said since the threat of adding the sanctions is acting as a deterrent, implementing them is not necessary. it comes as the u.s. treasury department list of russia -- you've got to love that picture that we're showing there. a little distracting. sorry, everybody. russian oligarchs with close ties to putin. although there are no penalties or legal percussions for being on that list. the kremlin responded vowing to retaliate saying it is, quote, a direct and obvious attempt to influence russia's upcoming presidential election which putin is expected to easily win. >>> meanwhile, yesterday a russian fighter jet buzzed a usair craft during a mission over the black sea. the u.s. navy says the russian aircraft came within five feet of the navy plane. the navy says the americans were plying in international air space when it was intercepted by the russians, concluding that it was unsafe. >>> let's get a check on your weather with nbc meteorologist bill karins. bill, if you're waking up in new york this morning, you might be pleasantly or unpleasantly surprised by a few snowflakes this morning. >> we are expect ago dusting, maybe at most

u.s. treasury department finishing its list of oligarchs close to president putin'.t will amount to a blacklist of russian elite. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. julie: after a year of dark headlines, u.s. retail is hopeful for the 2017 holiday season. sales data was released and holiday sales were up 5.5% year over year. with us is the ceo of the nrs. 5.5% growth, nearly $692 billion. what was driving this? it was a rocky year for retail, particularly certain areas. >> one ceo described it as a hockey stick year. the beginning was at that good and in november and december things took off. that is due to stronger than expected employment gains in october and november that led to increased wages and consumer spending. closer to the holiday season, thanksgiving weekend had strong numbers. we knew that we were in for a good year. closer to the end result the tax reform deal come together. the animal spirits were unleashed. people felt confident. companies were announcing bonus

tehran is now citing human rights abuses and censorship in the wake of those massive anti-government protests. the u.s. treasury department sanctioned 14 iranian entities and individuals, including the head of iran's judiciary, a close ally of the u.s. >>> john feely, a career diplomate and former marine corps helicopter pilot says he no longer felt able to serve president trump. an excerpt of his resignation letter reads in part, quote, i signed an oath to serve the president and his administration in an apolitical fashion even when i might not agree with certain policy he. my instructors made clear that if i believed i could not do that, i would be honor bound to resign. that time has come. the u.s. officials say feely communicated his intentions to step down on december 27th before president trump's alleged use of a vulgar word to describe haiti and african countries. according to officials, feely will serve until march 9th. >>> let's get a check on your weather now with bill karins. bill, you have what you're calming a clipper storm moving to the northeast. >> not a huge storm as far as the mountains are considered, b

departments more than ninety five percent of employees at the environmental protection agency and housing department will be out of work that compares to about fifty percent of workers at the treasury the u.s. defense secretary says training maintenance and intelligence operations will be impacted about half of the defense department seven hundred forty thousand civilian workers will have to take a leave of absence now if you're planning on visiting the u.s. landmark tourist sites like washington's famous smithsonian museums and the national zoo will be closed but services like border and airport security as well as air traffic control will work the state department also says visa services at u.s. embassies will remain as long as funding remains scott lucas is a professor of american and international studies at the university of birmingham he joins us now by skype from birmingham good to have you with us how much of an embarrassment is this for the man who prides himself as an artist in deal making a person who blamed previous shutdowns on previous presidents. it was not good but of course donald trump and the republicans today will say it's not their fault they'll say it's entirely those

u.s. treasury department. in the inner circle of the russian president now u.s. ambassador to russia has already called for of the russians not to react emotionally to this list as it is a quote not a saying since list and the inclusion of individuals in this report does not and in no way should be interpreted to impose sanctions on of those individuals still of those documents as part of a same sions bill which was signed by u.s. president donald trump in august last year now kremlin spokesperson said that the list does not represent anything in particular but they will still look into its possible impact on the russian companies now some other russian politicians have reacted in quite a sarcastic way to this publication now some say that the u.s. intelligence decided to simply include affray one from the kremlin's phone book others say that the list reads like who is who for russia's political and business world so it is not a sanctions list just yet at the moment it's rather puts a black mark next to these names. it is not a sanctions list and the inclusion of

of the u.s. treasury department ever since. vonnie: is in a court needed response, or is it not coordinated? if we are going to negotiate better trade deals, why would we need a lower dollar? michael: in theory you don't, but the lower dollar has the effect of making u.s. goods cheaper overseas. what mnuchin is saying is true. whether it should be policy is another question. the other thing that happens when he got a weaker dollar is you can import more inflation. but i to be lucky than good. he is saying this at a time when we don't have a lot of inflation so it may not be as much of a danger as the days when lloyd bentsen was talking about it. it also means if inflation is higher, the fed would have to raise interest rates were quickly and that is not happening -- more quickly, and that is not happening. we will see if this represents a change in policy or not. mark: thanks a lot. let's chat about today's currencies in more detail. we are joined by richard jones from bloomberg markets live in berlin. richard, what is mario draghi thinking given comments from the likes of mnuchin and some a

of russians, that it is targeting for addition a sanctions. some on this list already fall under u.s. sanctions. the treasury departmentaid it is providing a list required by law of senior political figures and those close to the kremlin and worth a lot of money. the kremlin claims this list is attempted interference in the upcoming russian presidential election. president putin said those names are engaging in domestic politics and the united states is attacking the elected president. putin also says certainly this is an unfriend led act. it aggravates the already bad condition of u.s./russian relations and harms international relations in general. we aren't going to look for trouble or aggravate the situation. we want and will be patiently building relations to the extent the american side is ready for it. the trump administration also announced it decided against enacting additional sanctions for the now as the law that passed last year does enable the u.s. administration to do. the treasury secretary just testifying before the senate banking committee says after the release of this so-called list the treasury depar

one of their goals is to reduce tobacco use. the u.s. treasury departmentill increase long-term debt sales for the first time since 2009, the recent growing deficits and the expectation of the fed balance sheet rolloff, sales of 3, 10, 30 year notes will rise to $66 billion. theresa may is in china where she will be walking a tight rope between politics and trade, she says she will raise issues such as china's human rights record and democracy in hong kong boss he wants to build a powerful post-brexit trade relationship. global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. mark: coming up on the european close, the stoxx 600 turns negative as the trading day marches on. the close is 14 minutes away. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn mark: i am mark barton cathing you down to the european close. dan fuss for more on central banks. a quick question on the u.s. 10 year yield. tohas risen quite steeply about 2.7%, highest in sense 2014. is

increased reporting on things like visitor .ogs i understand the point of it, i always thought it created for an old u.s. treasury department hand. i wanted the treasury secretary to be able to meet with a person or the head of a business or some people in the sector of an economy without speaking markets, or the head of a country without speaking markets, that there is information that is important for policymakers to get that you do not necessarily want in public, and the same with negotiating. you cannot negotiate anything in the public. something as comics as a nuclear deal or a trade agreement -- something as complex as a nuclear deal or a trade agreement, because all negotiations involve give and take. first.volves people give activists go crazy, so you do not get to the next take where the other side gives you something. things just fall apart. behinde to negotiate closed doors. that is the only way to do it effectively. ms. azari: i want to get to questions in a few minutes. i didn't want to take it to each of your specialties. the state department, i feel you can give us so many thoughts about this state department

and i understand the point of it, but i always thought it for the -- anms old u.s. treasury department hand. i wanted the treasury secretary to be able to meet with a person or the head of a business or some people in the sector of an economy, without spoken -- spooking markets. or the head of a country without spooking markets. the sense that there is information that is important for policymakers to get that you do not necessarily want in public, and the same with to be able to meet with a person or the head of a business or some people in the sector of an negotiating. you cannot negotiate anything in the public something as complex , as a nuclear deal or a trade agreement, because all negotiations involve give and take. that means that someone has to give first. in the first person to give, if you give first in public, all crazy and say,o you are giving away the house, you cannot do that! things just fall apart. so you have to do those, you have to negotiate behind closed doors, it is the only way to do it effectively. ms. chambers: i want to get to questions in a few minutes. i did

christine, we have to recall all of this is being done by the treasury department because of russia's alleged meddling in the u.sion in 2016. the current director of the cia doesn't believe it is a one-off. he says the russians are still at it. here is what mike pompeo had to say with the british broadcaster bbc. >> the russians have a long history of these information campaigns. that part of it is not new. that technology that enables it is now cheap and plentiful and the capability of transferring information around the world is simpler than it was in world war ii or decades ago. this threat will not go away. the russians have been at this a long time. i expect them to be at it. >> reporter: as you can see, christine, a lot of friction and distrust with the u.s. and russia. you know one of the things that president trump has been saying over the past couple weeks and months, basically since he came into office, he wants better relations with russia. judging by what we're seeing today, it seems it is not going in that direction, christine. >> thank you, fred pleitgen for us if mosct -- in moscow. >>> a russian

ninety five percent of employees at the environmental protection agency and housing department will be out of work only about fifty percent of workers at the treasury face that fate the u.s. defense secretary says training maintenance and intelligence operations will be impacted about half of the defense department seven hundred forty thousand civilian workers will have to take a leave of absence if you're planning on visiting the u.s. landmark tourist sites like washington's famous smithsonian museums and the national zoo will be closed but services like border and airport security as well as air traffic control will continue the state department also says visa services at u.s. embassies will remain as long as funding remains our white house correspondent kimberly howard joins us live now from washington d.c. it's always a quiet day on a saturday in washington d.c. how much confidence is there they can make sure it doesn't become a quiet monday to. well there is very little confidence right now it seems as patty reported there the both sides are in a standoff and that is certainly frustrating president donald trump who is in the white house behind me he had been schedul

iran or conducting trade with iran is going to stay away out of fear they will suddenly find themselves at odds with the u.s. treasury department it really is a death blow to the deal. i think a lot of people are wondering whether, if 120 days from now, we see some progress toward getting new legislation on capitol hill and perhaps the europeans saying, look, we're not going to renegotiate the deal right now, but we're standing with you in an effort to perhaps think about doing a follow-on agreement after this deal expires or enhance sanctions against iran on its ballistic missile program that perhaps they could once again sell the president on staying his hand. that's a highly uncertain scenario but i think it's what the deal's defenders are now resting their hopes on. >> yang: 120 days to go, mark landler of the "new york times," thank you so much for helping us understand this. >> thanks for having me. >> woodruff: stay with us. coming up on the newshour: mark shields and david brooks tackle a busy week in politics. and, an immigrant's take on finding the path to belonging and acceptance. this week, the u.s. state department

of the streaking capital. in 1989 a mexican judge sentenced him to 40 years in prison, the country's then maximum. u.s. authorities later accused him of continuing his business while behind bars. the treasury departmentanctioned his friends and relatives for investing his considerable fortune in legitimate businesses. with his client in prison and the properties confiscated, he stopped paying. the companies fell into limbo. he died on christmas eve in 2004. a year later, a lawyer sent an e-mail to the partners. the president and the secretary general of the costa rican national olympic committee had visited the office with a thorny problem. go streaking government had given the committee's mansion for its new headquarters but the committee couldn't acquire legal title because the druglords technically still held it to the panamanian company. the olympic committee wanted him as a director of the company to donate the property to the committee to avoid a complicated judicial process. giving away property that still technically belong to one of the world's most fearsome drug traffickers seemed ill advise. the firm decided the directors would resign her position, go streaking would have to solve the lega

u.s. sanctions list. he isn't allowed to be in the united states without special permission. he's listed on the department of the treasury'sersons list. so, why was he here meeting with u.s. government officials? well, according to the washington post, two top russian spy chiefs traveled to washington last week to discuss counterterrorism issues with cia director mike pompeo, but the unusual visit also raised concerns among some u.s. officials that moscow could interpret the encounter as a sign the trump administration is willing to move beyond the issue of election interference. chuck schumer has his own concerns about the visit. he's demanding answers. >> this is a serious national security issue. russia hacked our elections. we sanctioned the head of their foreign intelligence, and then the trump administration invites him to waltz through our front door. this is an extreme dereliction of duty by president trump who seems more intent on undermining the rule of law in this country than standing up to putin. >> and if you listen to the russians, no biggie. here's how the russian ambassador to the u.s. explained it in stat

of the u.s. treasury where he had significant responsibility for the department's international agenda, which included a revamp of sifius. he also served in the reagan white house as national security council executive secretary from 1983 to 1985. in 1997 he was a member of the national defense panel, and from 1998 to 2005, he was a member of the director of central intelligence national security advisory panel. mr. kimmitt served in combat in vietnam with the 173rd airborne brigade, retired as a major general in the army reserve, and also served as the u.s. ambassador to germany. national security strategy and logistics executive at deloitte consulting. served for 36 years at the department of defense. from 2013 to january 2017, mr. estevez served as the secretary of defense acquisition and logistics. he represented the department of defense while chinese investment in the united states accelerated rapidly. previously, he held several key positions including assistant secretary of defense, and assistant deputy under secretary of defense for supply chain integration. mr. wolf is a partner and from 201

u.s. is ramping up the pressure on russian interference in the 2016 election. the treasury department released a list of 210 of the company -- of the country's biggest -- that limited inventory of houses for sales is still having an impact on prices. home prices in 20 large u.s. cities rose in november by the most in more than three years. logic,ng to s&p core property values increased 6.4% over the previous year. that is three times the rate of inflation. global news, 24 hours a day, powered by over 2700 journalists and analysts in more than 120 countries. this is bloomberg. mark: coming up on bloomberg markets, caution creeps into the market. mike ryan of ubs wealth management joins us to discuss the dangers working below the market surface. this is bloomberg. ♪ >> if thoughtful approach the federal lines our financial system to support growth in our communities. vonnie: you're watching steven mnuchin speaking before the senate committee on urban development. he is giving the annual report to the financial oversight council. we will be monitoring it of course. we have his prepared remarks and we know

u.s. treasury department announced a new sanctions on five iranian entities that treasury officials say support iran's ballistic missile program. treasury secretary steven mnuchin accuses the iran regime ofrioritizing its missile program over its people. the iranian crown prince told fox news today helps the protests in his homeland are different from those in 2009. >> let me be clear on what the message then was. addressed to know than president obama himself. the chance on the streets in 2009 were "obama, obama." in farsi, it means you are with them or with us. directly addressed to the president of the united states. take a position. this is crucial, and it could be a historic moment in time where the face of the entire middle east could change as a result. either for the better or for the worse. >> bret: state farm and officials say iran's government has jailed more than 1,000 people and is killing those brave enough to protest in the streets. at least 21 protesters are believed to have been killed so far. the war in afghanistan that began after the u.s. was attacked on september 11, 2001, goes on today. in this new year, a stark reminder that u.s. troops stationed there are still ve

u.s. house gaveling back in for several votes, including on a bill that would provide $3 billion to the world bank. but would withhold 30% of that money until the treasury department certifies that management improvements have been instituted at the bank. and the federal government is current short-term spending measure ending friday at midnight. republicans are proposing a measure that would run through february 16, including a six-year extension of the children's health insurance program and a delay of affordable care act taxes and that will be considered. and house members will debate it tomorrow. the senate may take up the bill on thursday. and follow hou

of "surveillance" this morning. francine: let's get straight to that evening in america with taylor riggs. taylor: the u.s. is ramping up the pressure on alleged russian interference during the 2016 election. the treasury departmentlist of 210 of the country's richest tycoons and allies. putin could be targeted with sanctions. just being on the list could persuade banks to do business with them. a house committee has voted to ask white house clearance to release a classified republican memo on alleged fbi misuses. the document alleges abuse is into surveillance of people surrounding president trump. the top democrat on the panel calls it a attempt to distract from the russia investigation. france's economy had its best year since 2011 as gdp rose 0.6%. for theomy grew 1.9% year and has been bolstered by president macron's reforms and business tax cuts put in place by the previous administration. and in the u.k., jeremy corbyn has told business executives he is keeping his options open on brexit. according to one person at a meeting last night, he said the party would rule out nothing except for a second referendum. among those attending were five people from the u.k.'s biggest business lobby. global news 24 hours

of quick questions. one i want to touch on china and i want to talk about north korea. in 2005 u.s. designated dealt asia as financial institution of, quote, primary money laundering concern. treasury department did the same thing with bang of dandong. these banks are relatively small institutions. are there larger foreign financial institutions that treasury is going after. >> thanks for the question, congressman. we as a matter of practice don't tip our hand in our hand in advance. >> i don't want to know names. there are certainly bigger physician to fry. i'm looking for some reassurance treasury is looking at this and looking to pursue that. >> i think the best reinsurance i can give you, it's out electric, we put out an advisory to all of our financial institutions from fincen delineated, showed what the bank of dandong was engaged in and highlighted other areas where our banks needter lwara and pointed them right at a particular part of china adjacent to north korea where we urge our banks to be vigilant. you can interpret directly from that we have a lot of concerns and we continue to investigate. >> mr. chairman, we had a great classified briefing yesterday. maybe this would be an iss

assets control, an arm of the treasury department, targeted companies that are owned or controlled by the -- industrial group, an iranian defense entity that is already under u.s. sanctions. each of the companies produces a specific component of ballistic andiles such as guidance control systems, motor cases, or fiber materials. armed services tier, republican senator john mccain responded tweeting -- i welcome the administration's decision to sanction iranian entities responsible for ballistic missile development. stepaction is an important forward in holding iran accountable for its the stabilizing activities in the region. democratic senator sheldon whitehouse address tehran laming the u.s. for the protests in 80 iranian city sending the message -- rather than lashing out at alleged foreign entities -- foreign enemies, the regime in iran should listen to the legitimate frustrations of the iranian people. the iranian people won a different future than the one they see. trump spoke to reporters before leaving the white house for camp david. where he will meet with republican congressional meetings and cabinet members to discuss the 2018 agenda. president trum

of settlements is more than $107 billion. kailey: the u.s. ramping up pressure on russian interference for the 2016 election. the treasury departmentst of 210 of the country's richest tycoons and allies of vladimir putin. the government says it is not a blitz, but being on it and refusing to do business with a person. the euro area economy wrapping up its best year in a decade, gdp rising in the fourth quarter. the regional economy grew 2.5%. regional has not seen -- europe has not seen that growth since the 2008 crisis. now a pillar of the global economy. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. alix: thank you, so about a year and a change to go if you are going to look at the trump presidency. you bought the dollar and sold bonds, but not a lot of the trade has worked out. the dollar will continue to grind lower, you wind up having yields below a lot of yellows -- levels we were thinking about. still with us, libby cantrill. love to talkmp about the market, but with a big selloff underway, so how does this factor into the state

of a reaction from around the world. essentially we're hearing at this point that this sanctions bill moves by the u.s. state department in the u.s. treasury will not be targeting russia itself but rather entities companies and countries around the world that do business with russia's defense or intelligence sectors interesting stuff caleb maupin in new york thank you. now islamic state says it carried out monday's attack on a military academy in the afghan capital kabul killing eleven servicemen and injuring sixteen local journalist bill also ari reports there were five suicide attackers two of them killed by afghan national security forces and another two of them did renewed that explosives and one of them was detained sue said jack had a rocket propelled grenade in for forty seven's were seized the. almost two about four hours residence in that area reported hearing loud explosions there was the use of having small weapons so the fact that these militant groups can't really strike could well in target these key military institutions as well.

u.s. is planning to boost its supply of debt. fed is unwinding its balance sheet here at how does this complicate matters? ira: it makes the demand picture more murky. the treasury departmentvember said they were going to primarily issue front end debt, and that is often used by people who want safety, people who think the economy might be slowing, and also foreign reserve managers, people who buy bonds because of their current account surplus but want to keep things liquid and short-term, and do not want to lose a lot of money if the bond market goes down. so this creates another problem for the treasury department. january 31, they will mention how they are going to do that going forward. that report coming out will be very important to the bond market. that,: even if we allow it is possibly all about the pboc this year, what will they actually do? they are going to keep expanding their balance sheet and might get rid of a few u.s. treasury's, but will it disrupt or slow anything in the world? and we have to get the pboc state agencies of foreign exchange a little separate. i think one of the things that might be going on here, and hopefully we will find out more from ch

department official says that future sanctions could fall on governments and entities that buy from certain russian firms, but not on the russians themselves, the u.s. treasury department did release a list ofn oligarchs with ties to vladimir putin including 114 politicians and 96 businessmen there are no penalties for legal repercussions for being on that list. the kremlin has responded, vowing to retaliate and saying it is a quote direct and obvious attempt to influence russia's upcoming presidential election, which putin is expected to easily win. what am i missing here, joe? it's unbelievable. >> well donald trump does the bidding, for vladimir putin. again. donald trump tries to make vladimir putin's life easier again. we showed a clip from 2015. where he was praising vladimir putin as a strong leader for assassinating journalists and killing political opponents. well just this week, vladimir putin had a popular political opponent, dragged off the streets in the middle of a protest and taken away by authorities in the broad light of day. this is not a man who is popular in russia. this is a man who is so unpopular in russia that he has to throw all of his opponents in jail. we, we don'

u.s. taxpayers. >> gene lewis was investigator with the resolution trust company. the rtc. >> under the jurisdiction of the treasury department was conducting investigations into sangs & fraud all around the country. >> and she was the one really who uncovered the problems in madison guaranty savings & loan. >> the fact the clintons were mentioned in the article made it important because the possibility existed that their actions may have caused a loss to the u.s. taxpayers by virtue of their action that this real estate deal. >> as jean lewis started digging, the article went largely unnoticed. meanwhile, bill clinton was in the path to becoming his pare's nominee, many thought impossible. [cheers] >> the people had focus and respect the majesty of the democratic system. >> i still believe in a place called hope. god bless america! thank you all! the bottle curl. the twist n' turn. the stretch n' grab. the gummy squish. centrum micronutrients fuel your body from the inside out. grab a centrum and join in. repeat daily. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business

australia's department of industry also sees oil prices dropping in the next two years and treasury yields rising on higher u.sinterest rates. gentler angela merkel says germany needs a stable government to begin make or break talks with social democrats and open the talks to a fourth term. they began exploratory talks sunday. europe's biggest economy has faced more than three months of postelection still made after angela merkel failed to win an outright majority. malaysia's opposition has named a 92-year-old as its candidate for prime minister in an election that must be held by august. the longest serving primary will try to cobble the -- topple the current friend minister. the opposition says if the wins you will remain prime minister until jailed. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. president trump says the u.s. is open to joining talks with north korea and south korea at the appropriate time, saying it would be a win for humanity is something comes out of the planned meeting. >> if we can come up with a very peacefu

sanctions are already working this comes as the treasury department released a list of top russian businessmen with close ties to vladimir putin the u.sinsisting this is not a sanctions list but moscow fires back saying the list identifies everyone on it as an enemy of the u.s. joining us is now is max seddon. this list is incredibly long inclusive of all potential people with close ties to vladimir putin but no sanctions or additional sanctions were imposed is this an increased rebuke for russia or a reduced one? >> for the moment it doesn't mean anything. it's a long list as you said, there's 96 different oligarchs who are on it the reason that there is is because what we have seen published is from unclassified sources. this appears to be the most recent edition of the forbes list if you go on the russian forbes website there are 96 people with a net worth of a billion dollars or more, a lot of whom who don't have visible ties to the kremlin at all like the ceo of yandex, this sort of google yahoo! competitor here. or people who built their businesses without any real kremlin connections. the classified part is supposed to say -- s

of reforms mandated in the bill. in addition, if the treasury department cannot report that the bank has met either or both of these reforms in any given year, the bill forces u.s. funding to the bank to be withheld and makes it more difficult for the bank to implement these reforms going forward. as currently drafted, this bill reflects a total misunderstanding of how the international system works. multi lateral institutions like the world bank which we set up requires sustained u.s. involvement and leadership. it is only relate particular to think that the u.s. can impose its will on the bank. withholding funds is not an effective approach to reform. the only way to achieve the reforms we are seeking at the bank is through our participation and commitment. at times like this, we must not retreat from our involvement or responsibility on the world stage. placing restrictions on our involvement or undermining efforts that promote growth and reduce poverty is not something that we should support. so i encourage every member in the house to vote no on this bill. and i yield back. the chair: the the gentlewoman from california reserves. the gentleman from texas i

u.s. is not planning new sanctions against russia after releasing a list of prominent russians said to have close ties to president putin. the treasury departmentmeddling. more than 200 officials and wealthy businessman are named. elizabeth palmer's in moscow outside the kremlin where putin calls the list a hostile step. good morning. >> reporter: good morning. president putin has now reacted to the list. he says it complicates u.s.-russia ties. and then he joked that he personally was a little offended not to be on it. seriously, though, there are a lot of high-powered russians who are relieved this morning. some of them in the offices in the kremlin behind me. they thought this list might expose embarrassing details either of their political affiliations or of their vast wealth. but it does neither. it's just really a list of names and job titles. it includes obvious putin allies like the foreign minister sergei lavrov and business heavyweights like herman gref head of russia's biggest bank. and the former business partner of paul manafort president trump's ex-campaign manager. but there's no singling out of people who are especially close to

u.s. government is supposed to penalize countries which buy russian military equipment. the treasury department is not move head with that because the sanctions law is enough ofe mnuchin said that russia could face more penalties soon. this is a fascinating series of event the past 16, 18 hours. rich edson has it. hello. >> hi, shep. more reaction from russian president vladimir putin. he was joking that he was offended the treasury department of the trump administration left him off this list of russian on oligarchs. he said it looked like it was taken from the kremlin's phone book. officials compiling this list used a 200 richest people businessmen in russia list compiled by forbes last year along with other open sources to help them put this list together. earlier today steve mnuchin defended the list. he said congress will get a classified version of this with more detail and the treasury will brief him on that. he also says the treasury will roll out more sanctions against russians. >> how can sanctions punish russian interference in the ukraine and american elections and deter future interference if these sanctions continue to sit on the shelf unused by

u.s. taxpayers. >> jean lewis was an investigator with the resolution trust corporation, the rtc. >> the resolution trust company, which was sort of under the jurisdiction of the treasury departmentucting investigations into savings-and-loan fraud all around the country. >> and she was the one, really, who uncovered the problems at madison guaranty savings and loan. >> the fact that the clintons were mentioned in the article made it important, because the possibility existed that their actions may have caused a loss to the u.s. taxpayers by virtue of their action with this real-estate deal. >> as jean lewis started her digging, the article went largely unnoticed. meanwhile, bill clinton was on the path to becoming his party's nominee and eventually doing what many thought impossible -- taking down a popular incumbent president. [ cheers and applause ] >> the people have spoken, and we respect the majesty of the democratic system. >> i still believe in a place called hope. god bless america. thank you all. ♪ life happens. that's why feeling safe is priceless. with adt, you can feel safe with an adt starter kit professionally installed for only $49.00. call today, and install an ad