u.s. treasury named twenty three companies as part of the scheme and subject to the new sanctions u.s. treasury statement notably said sanctions could be lifted on targets who act to quote get this restore democratic order making the sanctions purpose of regime change clear last week the so-called lima group or limit rupe rather of canada and twelve south american nations impose their own sanctions on venezuela lima group member of mexico notably denounced the sanctions as as interventionist. and moving north to the gulf of mexico oil giant british petroleum b.p. has discovered you're not going to believe this one billion barrels of oil near existing oil fields the discovery was made at the british company's atlantis field just south of louisiana in the gulf of mexico b.p. as a tribute is fine to its new investments in what they call next generation technology b.p. has the biggest foot in the gulf of mexico of all energy companies and say they'll be spending more than a billion dollars to ramp up production from those oil fields estimates show b.p. could boost production to around four

u.s. treasuries as u.s. treasuries is this u.s. debt so china oh it's like two trillion japan owns a trillion or two chile and they own trillions so that's where whenever anybody like jim rickards who looks at geo politics and geo economics it's all about game theory right as can china sell those because if they sell them then they lose will the u.s. you know except if you sell them like so it's all about game theory and they all do seem like trapped in a fifty one they all have fifty one fifty percent not fifty one percent yet so they can attack the other so. it's interesting to watch and to watch this unfold right i mean it's nothing about g.d.p. like in the ricardian sands or the adam smith sense of competitive advantage of exports and subtle than gold and what the way the economies to run before became monitor rise and commodified in financial eyes was nothing to do with that where people made stuff and then they sold it and it was about productivity and production and manufacturing that's all been completely eradicated replace

u.s. secretary of treasury secretary asked the country's biggest banks in a phone call in an unusual move aimed at reassuring investors after big losses on wall street. also on the show forty engines and a diesel emissions german carmakers have here a long way to go to get back into authorities good books. and artificial or real kind which kind of christmas tree are americans going for this. welcome to do that we have business i want to get jones good to have you with us u.s. treasury secretary stephen roach and has phoned the heads of the country's six largest banks over the weekend to discuss steps to kamarck it after a week of dramatic losses on wall street nugent called the chief executives of goldman sachs bank of america j.p. morgan chase morgan stanley citi group and wells fargo who according to a statement confirmed that they have ample liquidity available for land lending the calls came as u.s. stock markets experienced their worst week since the two thousand and eight financial crisis uncertainty over the partial government shutdown has added to concerns key in the system.

u.s. treasury is borrowing to make up that shortfall. 010 and a sharp spike from the $546 billion it borrowed in 2017. don't forget, the u.s. is currently waging a trade war with china. china held $1.1 trillion u.s. treasury bonds. and according to pew research, just 48% of americans say cutting the deficit should be a top policy priority for the president and congress. >>> global stock markets are mix amid the high level trade talks in u.s. and china. tokyo and hong kong pretty much mixed in asia, also mixed in europe. futures up just a little bit here. we've got a fed decision this afternoon that could be why folks are on hold. the dow closed 52 points higher on tuesday. s&p fell. and harley-davidson, folks, fell 5%. its earnings basically wiped out in 2018. it's all caught up in president trump's trade war here. >>> sunday's big game isn't just about football. there's a soft drink show down. coke versus pepsi. pepsi one of super bowl liii's biggest sponsors. and it has swarmed coke's hometown with 350 ads on billboards, recycling bins,

u.s. treasury borrough moa more. they borrowed the most since 2010, more than double what they borrowed. u.s. is tied up in a trade war with its biggest foreign creditor china. they held $1.1 trillion in u.s. treasury bonds. outrage over deficits during the obama years is nonexistent today. and americans care less. just 48% of americans say cutting the deficit should be a top priority for the president and congress. whoever will be running in 2020, all the promises they are making, they have less wiggle room running big deficits. >> we couldn't stop talking about it in 2013. >> right. >> 2010, 2011, so many republicans would come on and just talk about that. >> it was a moral outrage then. it's unremarkable today. >> lawmakers meet today to try to stop another government shutdown. what's the latest plan? senator joe manchin here next. woman: this is your wake-up call. if you have moderate to severe rheumatoid arthritis, month after month, the clock is ticking on irreversible joint damage. ongoing pain and stiffness are signs of joint erosion. humira can help stop the clock. prescribed for

u.s. treasuries, might worry about inflation risk or other risks of holding u.s. treasuries. and as deficits remain high and as no plan is in place to make the budget outlook more sustainable, those risks increase. >> your point about the level of there deficit right now. is there a point at which there's no stimulus from the tax cut or no stimulus from spending increase? it sounds like you're worried about whether or not the government will be able to et e react to the next depression or recession. i'm wondering is that what you're get iting at? >> it is. it's not that we're projecting a recession or anything like that. but economies do go through cycles. and we do know that if we go through a psych sample have a decline d in growth, we go into recession, it's going to have a prettyre big impact on growing deficits. then therefore, debt. now i'll give you a for example. the recession was an extreme, but we had debt that was about 35% of gdp. historically big, but not terrible. great recession doubled it. it pushed it to 75% of gdp. just from the great recession itself. so if

u.s. treasuries. orworry about inflation risk other risks of holding u.s. suries and as deficits remain high and no plan is in to make the budget outlook more sustainable those risks increase. your point about the deficit right now, is there a point at which there is no stimulus from the tax-cut or the spending increase? it sounds like you are worried whether or not the government -- is thate to react what you are getting at? keith hall: it is not that we are projecting a recession or anything like that. economy do go through cycles. we do know that if we go through the cycle and have a decline in growth and we go into a recession it is going to have a pretty big impact on growing deficits and therefore debt. the great recession was an extreme. we had debt about 35% of gdp. historically big but not terrible. the recession doubled it and pushed it to 75% of gdp. just from the great recession itself. 78% you are from going to a high level if we do have another cycle. will thet point tax-cut still work as stimulus -- keith hall: we think the stimulus effect is

u.s. treasury department said the decision to renew sanctions was made because there is pasta no longer controls the company's critics including some republican lawmakers dispute that claim. zoom in on this with our correspondent at the frankfurt stock exchange fox's john bradshaw rusal is the world's biggest element in producer outside china what effect did trans decision have on global commodities today. org erhard one second the world's second largest player is absent that does get noted and back in april when the sanctions were first announced it actually drove a lot aluminum prices up to a seven year high the reaction today wasn't as big that's because throughout these negotiations the actual sanctions have been pushed back and pushed back with with improvements so prices have recovered today though at the opening the price dropped as much as one point four percent at the long london metal exchange and that's of course because a lot of material can now be used that couldn't be used before about three hundred thousand tons is the estimate of. aluminum that can now go into the london metal ex

u.s. treasury secretary stephen roach and has phoned the heads of the country's six largest banks over the weekend to discuss steps to calm ocket after a week of dramatic losses on wall street nugent called the chief executives of goldman sachs bank of america j.p. morgan chase morgan stanley citigroup and wells fargo who according to a statement confirmed that they have ample liquidity available for a lot of lending the calls came as u.s. stock markets experienced their worst week since the two thousand and eight financial crisis uncertainty over the partial government shutdown has added to concerns key indices tough wiped out all their gains for the here. and for more on what's driving the markets in these last few days of the year i'm joined by chip on the chin ballou my colleague of course will phone call do you think come markets well i mean if the reaction is anything to go by so far it's not doing any of that likely or reassurance that isn't quite the reassurance now investors actually thinking about whether they have to be concerned about the liquidity that he had to discuss with t

u.s. treasury department.at steve mnuchin has long taken a stance of caution when it comes to the imposition of tariffs. and he is no doubt looking at the volatility in the markets and also the corporate says well and the statements we have had out from companies like apple, and there is a growing feeling that the trump administration is getting wobbly. that would be the analysis of some. trump is looking for a deal to support the market, so it could just come down to the whims of the president ultimately, and we should not forget that lighthizer is the one meeting the trade negotiations, and he is obviously traditionally taking a more hawkish stance on china. he will be the one speaking with china's vice premier when he heads to washington at the end of the month. it could go through trump and just how he views things at that particular time. rishaad: tom, i suppose what this does highlight is these divisions over how hard to go on and might navarro highs or perhaps in one camp and the likes of stephen mnuchi

u.s. treasury department said the decision to remove sanctions was made because their past could no longer controls the company's critics including sun some republican lawmakers contest that assessment now let's zoom in on this of our correspondent in frankfurt stock exchange paul christian brit's he's standing by live paul going to reduce all this lifting of the sanctions does this add any more certainty to global metals markets the global commodity markets. well steve it's a weight of people's shoulders actually it's a three hundred thousand tons of weight off people's shoulders that's the amount of metal estimated by citigroup currently in european storage produced by roussel so that is about a quarter of the london metal exchange stockpile that's a lot of metal a lot of aluminum the price went down this morning one point six percent in london on the news good news there the interesting thing is the explanation really that delivered on and lifting these sanctions or not not imply applying the sanctions because it was worried over the effect on global on the global aluminum industry inte

u.s. treasury secretary steven emotion saying recently that the issue of way can be separated from the trade issue how does china see this. well china definitely sees the very differently because. people talk about the timing because you know like most ones also ross is doing china's leaders and donald trump's meeting in g twenty and right now they have the announcement on the document always c.f. just right before the trade talk of course people will say that you might be a call is dental but i think from china's point of view no matter it's a coincidence or not it's still a very provocative act so no matter how they will have to raise the issue on the trainee goshi asian table and make sure that donald trump will not make them lose face or look bad again. so that a lot of moving parts as these training go she asians begin today will keep following them of course those young han there for us in taipei and paul chris young brits there for us in frankfurt thank you both. now the trump administration's frustration with trade goes beyond china and then to europe u.s. president donald trump has

u.s. treasury will have to borrow $1 trillion to pay for the growing budget deficit. s the deficit growing? well, the government spends more than it takes in. a lot more. the u.s. deficit rose 17% to $779 billion in 2018, the highest level since 2012. so the u.s. treasury department is borrowing more to make up that short fall. the treasury borrowed $4.3 trillion. and a spike from the $546 billion it borrowed in 2016. the u.s. is currently waging a trade war with china. china held $1.4 trillion in treasury bonds. americans seem to care less than they have in the past, according to pew research 48% of americans say cutting the deficit should be the top priority for the president and congress. >>> another day of protests for nicolas maduro. self-proclaimed president juan guaido calling on supporters to take to the streets to side with him. maduro apparently starting to feel the pressure overnight saying he's willing to negotiate with the opposition leader with international mediators. he also ruled out no presidential elections until 2025. that decision coming one day af

u.s. treasury notes on the ten-year side of things have pushed yields down to 2.66%. two-year treasury note yields showing signs of stabilization, that one speck of green, 2.5%, just a hair below that for the last trade of government note yields. >>> weak data out of china dragging asian markets lower a private sector survey showing china's manufacturing activity contracted for the first time in 19 months. as a result the kospi in south korea off by 1.5%. the shanghai composite off by 1% the hang seng off by almost 2.75%, almost 3% >>> let's check now on the action in europe as well julianna tatelbaum joins us with more on that it's red there as well, julianna >> it certainly is that weak handle from asia is not helping investor sentiment european markets have been open for about 2 1/2 hours now. as you can see across the board the losses are fairly steep. the french index is down about 2% the italian index, the ftse mib is down nearly 2%. quite a weak start to 2019 really more of the same, picking up where we left off in 2018 to put some of these moves into context fo

u.s. treasuries denying reports that steve mnuchin has pushed for lower or no tariffs on china. also, it was claimed that trump administration officials were considering rolling back duties to calm the markets and lubricate the trade negotiations. >> when it comes to trade talks, where do we stand now? >> did seems like, at least temporarily, the markets were buying into the idea that the administration could be softening its stance towards china when it comes to negotiations. we had a denial from the u.s. treasury department, but it is clear that steve mnuchin has long taken a stance of caution when it comes to the imposition of tariffs. it could just come down to the whims of the president, and we should not forget that like theer is the one leading trade negotiations, and he is taking a more hawkish stance on china. he will be the one talking to china's vice premier when he heads to washington at the end of the month. and it could go to trump and how he views things at that particular time. china would be reducing its trade surplus to zero, basically, by 2024. last year, that

u.s. treasury department's representative. he is a senior salad -- senior fellow now.to have you with us. , if you will, does the law way -- does the huawei indictment make it easier? indictment,uawei looking straight discussions. i do not think it will have much effect of what will happen as -- chinesece premier premier negotiates. it is in the background. it is a reminder that things can get worse in u.s. china -- u.s.-china relations. i do agree that it does have an effect in terms of u.s. leverage. but it does not have too much effect on where the chinese are willing to go. david: what do you expect could happen? most people do not think we will get a deal. what could happen, what is the best case? david d.: i think what we are looking at is a dance. at this stage, it is pretty early in the negotiations. that is why it is unlikely they anld it -- they would reach agreement right now. if things are going well, we will hear positive noises, maybe off the record that the two sides have had good talks and are making progress. the most important thing to watch is this m

u.s. treasury department.teve mnuchin has long take an stance of caution when it comes of tariffs.tion they are talking a hawkish stance on china. he will be the one talking to china's vice premiere when he heads to washington at the end of the month and then of course it could go through trump and as he views things at that time. >> china seems to be offering a path. china would be reducing its trade to 2024. last year that stood at $323 billion. >> the u.s. exports in 2017 a record $150 billion to china. that was a record at the time. how you get from the u.s. export side to meet this kind of demand from the chinese is a big question. whether that capacity exists in the u.s. economy, which as we know is running pretty hot. we have some time ago in these negotiations. we'll see where we go. this is another sign both signs are negotiatorsing constructively and that they -- it is a lot of momentum towards a deal. >> still ahead as we review the week of bloomberg best, an exclusive conversation with charles evan

u.s. dollar. also treasuries. take a look at my three-day u.s. easury chart, you will see a flat spot yesterday when we had martin luther king day so the u.s. was closed for trading. they will open at cap to pushings piling in and yields down. they are not at such a low level, below 2.75%. but it does indicate more of a risk off feeling in today's trade. do you see that reflected in the gmm as well? anna: absolutely, investors getting out of equities into treasuries and out of emerging market fx into the yen and in some cases into the dollar. not surprising when you consider we are a day after we saw the imf downgrade global growth and focus on europe. into thatting conversation. this is the weakness we are seeing in asia and some of those asian emerging-market currencies. currencyng on the story, we see some weakness in the pound. the brexit conversation lingers. the pound is weaker, theresa may's plan b looks like plan a. and a ticking clock in the background. we will talk about the global growth story and the brexit story with many of our guest

u.s. and china it's rather interesting because steve minish in the treasury u.s. treasury secretary has come out and said listen we can separate these two issues there's death there's different tracks for these two issues to be resolved through and they're more concerned and saw the chinese we the trade dispute between the two nations and the rather resolve that because it's having a huge impact on both economies there's been blowback for the. for the u.s. economy big names like paul. harley davidson and. and caterpillar have all come out and said to various degrees this is having an impact on our business that we really need to do something to resolve this issue and we've seen in china for instance that the economy has slowed to a pace of six point six percent that's the slowest growth they've seen in twenty eight years so both sides a very keen to resolve this issue and it's gone as far as trump has actually said himself you know he will intervene in this process in the way issue if it means that he can get a trade deal between the between the two countries so ju

u.s. treasury is basically shut down, so, of course. and lots of the federal agencies are shut down. ees on furlough in the federal government that are in these agencies -- the u.s. attorney's offices are partially shut down. not the criminal side of things. so there is a lot of government employees that create a risk for the financial industries, as well as other industries. certainly, seven security is one of those risks we would rely on the u.s. treasury and other agencies to help if there is a something at the state department. the state department has had a some employees on furlough, and they are very much involved in potential seven security issues. david: maria, thank you so much -- cybersecurity issues. david: maria, think is a much. much. up -- thank you so this is bloomberg. ♪ david: this partial government shutdown has broken records in the worst ways. 800,000 federal workers and contractors have their paychecks on hold, while some continue to work despite it. " members are being impacted, the first time ever u.s. military service members are working without pay. but, the

u.s. treasury department. it says u.s. persons cannot be do business.etty vague concept. >> i have been reading a lot of your copy as well. venezuela has been a tragedy for a long, long time. i think we can say huge corruption, huge inept ability to run the economy very, very good oil ministers have been cut out of their position over years. people you and i have known for many years elpeno, and go back to ramirez as well. we've seen a whole host of ministers come and go, and with all due respect, the opec president as well, he is not an oil man through and through. the world can ready for this >> the tragedy, though, two decades in the making. i remember the oil strike in 2003 they never recovered from that first purj when thousands of -- it's a recovery of this country that's going to be an enormous challenge. we're just not there yet we keep saying, well, will the militarize up against moduro well, this is effectively a military government. he comes out of the national gua guard. the defense minister runs a food service industry in the country. will

u.s. treasury department.t is clear, and has been for some time, that steve mnuchin has long taken a stance of caution when it comes to the imposition of tariffs. it could just come down to the whims of the president, and we light not forget that kaiser is the one leading the trade negotiations, and he is taking a more hawkish stance on china. he will be the one talking to china's vice premier when he heads to washington at the end of the month. and it could go to trump and how he views things at that particular time. >> china would be reducing its trade surplus to zero, basically, by 2024. last year, that stood at $323 billion. >> we need to put this in perspective. the u.s. exported in 2017 a record $150 billion to china, a record at the time. how you get from the u.s. export side to meet this kind of demand from the chinese is a big question. whether that capacity exists in the u.s. economy, which is already running pretty hot. we do have some time to go in these negotiations. this is another sign that both

u.s. treasury secretary steven mnuchin is likely to lead a smaller than expected u.s. delegation to davos. in a news conference mnuchin did not confirm if he would be attending, but he said conversations about his own davos travel plans are going -- are ongoing. >> i will be discussing with the white house whether we'll continue that trip my guess is if we do continue it, it will be in a scaled back version. >> now, i want to bring into the conversation the global head of debt and rate strategy from ing. firstly, on the u.s. government shutdown over the last 24 hours, we have seen a few investment banks cutting their economic growth forecast for the u.s. for q1 as a result of the shutdown what are you expecting in terms of the economic impact of this >> yes, so far it's all politics it's showing how polarized the u.s. political set up is at the moment it is unfortunate for the people not getting paid from a u.s. micro poerspective it's a negative. there are far more serious issues out there in terms of the bigger picture, and we are expecting the u.s. economy to slow,

u.s. treasury market, the 10-year and the 30 year saw significant rallies. the major adjustment the two-year treasury yields reflecting the changing expectations and what the fed will do. the swiss franc strengthened against the euro, all the traditional safe haven assets in the end movement toward 108 toward the u.s. dollar. the theme in december was safe .aven assets outperformed the key question is, will that continue? if you believe as i do that we are seeing probably a base being formed in global equity markets, i call it the has intent rally which will take place in the next few months, then further progress in the u.s. treasury market will be limited. i don't think you will get a big the answer is no. extra remainsnt and that is in part what rick is referring to, getting back to 328 will be hard. what do you think of the comments? he is not a voting member and he may go to zero if he had that opportunity to vote. what do you make of that kind of shift, this is a trifecta of frederick shift, powell, -- mester.d mr. significant change in fed garments --

u.s. treasury to reimburse taxpayers. >> ignoring that promise to have mexico pay. >> we're going to have mexico pay for the wall, and we want people to come into our country, but they're going to come into our country legally. >> in the nearly ten-minute address, he described the border as a pipeline four criminal activity. >> it is an immense problem. >> drugs coming into our country. >> every week, 300 of our citizens are killed by heroin alone, 90% of which floods across from our southern border. more americans will die from drugs this year than were killed in the entire vietnam war. >> and while america is in crisis due to the opioid epidemic, most of those illegal drugs are not being smuggled through gaps in the border. >> most often smuggled through the ports of entry themselves. drug smugglers will use vehicles with concealed compartment compt >> dan harris followed them using vehicles first hand in mexico. >> reporter: clearly not the first time he's done this. >> and at the border earlier today, matt gutman gave us a sense of the scope of the growing wall. >> reporter: this is w

u.s. treasury is reaping billions from chinese tariffs that's absolutely hurt john a very badly but are. they getting a lot of money a lot of money a lot of them but among auto makers the trade war has left many casualties it's too early to say who's winning the trade war i think it's clear that there are losers already but it's through early to say who in fact is winning china's g.a.c. motors won't be selling in the u.s. market to twenty twenty but they're preparing by coming here to detroit. but for the first time in years most european auto makers including porsche audi b.m.w. mercedes in the range rover are skipping north america's most revered auto show v.w. is a rare exception yet for some in chaos there is opportunity we're growing we need more engineering talent so you know not that i wish the downturn on the industry but if there is a downturn and if some good talent comes free that's going to be a benefit to us next year as the detroit auto show lose from a winter date to a summer event the world's automakers hope the industrial climate will be beaumier as well john hendren al-

u.s. treasuries and i say to myself, mike is calling those calls at cheap as you can get. so to me, i like this trade. you're playing for a 2% move between here and april to the upside >> june of 2016. >> quite the incredible thing and look, other things are in play the u.s. dollar, consensus >> what is gold -- don't just throw it out >> it's not all is well as the equities would imply but there's this people were punished and consensus remains, higher rates, done worry about what happened in with equities, we'll see. >> still ahead, starbucks brewing up big gains off its earnings this week what might be next for starbucks stop plus, do you have a burning question for the traders we're going to take your tweets later on in the show you might just get your answer as always, life at the nasdaq market sites more action right after this what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to k

u.s. treasury, saying that it altered headmans on what the u.s. treasury is doing.ed a lot at the short end which is putting pressure on money market rates. back, the bigger picture is that the market has read patience forepaws. the balance sheet is not on thatilot so i do think this is sending a very positive signal. it is taking away some of the risks that the fed is going to make a policy error and over tighten and that is what the market has been pricing, that they will make an error. >> we can see that clearly in the market pricing. theave shown this before -- market is not pricing anymore 2019 fed hikes and are pricing in a cuts for 2020. powell's message on friday wasn't that different from his press conference last month, except that he reworked his language to specifically appease the stock markets. a way toon is is there get the bond market pricing closer without completely freaking out the equity market? >> i think there is a way of doing that in the sense that if andthink back through 2017 2018, the market at different points have priced in a rate months

u.s. secretary treasury. >> we are not in the cold war now. haslinda: plus, janet yellen is among the distinguished panelists discussing how to manage the next financial shock. >> the authority of banking regulators in the united states to regulate this dad is -- d ebt is very limited. ♪ haslinda: welcome back to this special edition of bloomberg best, where the bloomberg new economy forum in singapore. then you economy promises huge opportunities but brings risks and challenges, including currency conflicts, and unforeseen problems requiring responses. these topics were on the policy discussions managing the next financial shock. >> the progress has been made on financial regulation. how would you grade that internationally? ? is it enough are you worried -- is it enough? are you worried about backsliding? do we need to do more?what is your overall take on where we stand on the financial regulation front? >> we had unprecedented international efforts in the aftermath of the crisis to build a more stable financial system with special focus on

u.s. treasury secretary steven mnuchin and bob lighthizer was expected to be there china is sending a very important member of their team, the vice president and the expectation had been that the two sides would be able to sit on the sidelines and have a discussion about the trade deal at the world economic forum. however, it looks as though those discussions will be ongoing. just not as davos, and, instead, any progress would be made back in wash wash >> i'm not sure if it's a shift, but what i've been hearing from schienz officials this week is that they are feeling optimistic that a trade deal can be made. they told me that some people have told me that they feel the pressure and that they think there can be some movement whether it comes to intellectual property rights protection, and, also, market access. there's still a lot of hesitation on the u.s. side because the u.s. side is still concerned that the deal that might come out of this could not -- maybe it won't be very different from previous deals where we have seen beijing make promises in the past, and that's why the u.s. wants

u.s. treasury markets the weakest since the financial crisis.gger auctions. -- is the key issue for the markets when it comes to u.s. treasury contract. you see a little bit of a movement into the buns. ds. good demand yesterday for the 10 year auction for them. let's talk about the markets. we have juliette saly. mixed to lower session in asia. the csi down 0.2%. we had some weaker losses earlier in the session, and then a little bit of a rebound. chinese stocks finishing lower. stock market the laggard. suggesting you should minimize your japanese equity portfolio due to the strengthening yen. a lot of the movement was to do with currency fluctuations. the australian share market closing higher by 0.3%. remember the msci asia-pacific higher for five sessions in a row. when we talk about some of the currency moves, we so the bloomberg index fall below the 200 day moving ag average. yuan pushing has the dollar. aussie dollar reversing. good data on iron ore exports less month. -- last month. the indonesian rupiah, it is stronger. nejra. nejra: w

u.s. treasury department on thursday. we need the support of the u.s. congress in order to recover our democracy mayle we said that we need support. in order to end the usurpation of power of mother we need to finish that dictatorship in minutes well a second we need to. establish a transitional government in order to recover our democracy and there we need to call for a free and transparent election as soon as possible. to elect a new president of venezuela. the saudi led coalition in yemen says its attack ten who see rebel training camps outside the port city of her data the u.a.e. foreign minister said the coalition is ready to use calibrated force to push the heavies out of her data as part of a u.n. sponsored cease fire deal the coalition has been trying to retake the city and they've been trying to do that since june well earlier i spoke to peter solsbury a senior analyst on yemen with the international crisis group he says a deal done to withdraw from her data isn't working because both sides of the conflict of interpreted it differently the deal

u.s. treasury to then pay for the wall. explain to me how the math works. >> the president's talked about this i think since he announced the usmca a couple months ago, is that it's so much better for us economically that when businesses do better, when the american citizens do better, taxpayers do better, the government makes more money. so we will be taking in more money as part of our relationship with mexico, and that could be available to build the wall. now, it still requires appropriation, as does all money. if mexico actually wrote us a check, it would still have to go into treasury and then be appropriated by congress. that's how our system works. >> i want to turn to a comment in incoming congresswoman rashida tlaib. the president said her remark saying it was time to "impeach the mfer" was, "disgraceful." president trump is not exactly known as a delicate flower when it comes to the language he uses. >> right. >> he's sworn publicly quite a bit. take a listen to some of it. >> we're going to knock the [ bleep ] o

u.s. treasury secretary steve knew that the trade talks and these charges have nothing to do with each other. you know. for some time the u.s. is smitten suppress chinese enterprises and it's tempted to suppress the enterprise's normal operations there is strong political motivation and maneuvering behind this. but the chinese are not folding for it perhaps actually they're calling it bullying. it will make significant progress at these meetings for miles and miles from getting a resolution and frankly. to see a president. with only a month to go at the end of the u.s. china a truce which may. on march the first and the chinese side has actually been very firm on what they want but the u.s. is sending mixed signals to the world. it's not going to be just apple i think that there are a heck of a lot of u.s. companies that have a lot of sales in china that are they are simply going to be watching their earnings be downgraded next year. and as donald trump or mr america is walking into this meeting as being the winner the i.m.f. actually lowered the standards of growth for twenty one thousand a

u.s. treasury department on thursday. we need the support of the u.s. congress in order to recover our democracy mainly we said that we need support. in order to end this usurpation of power of mother we need to finish that dictatorship in minutes well a second we need to. establish a transitional government in order to recover our democracy and there we need to call for a free and transparent election as soon as possible to elect a new president of venezuela. join thousands of supporters rally in caracas on wednesday they want the military's withdraw or support to move to go to his claim to the new york times opinion piece that he has held secret meetings with senior military officers a lot of america it's a he said you would has this. thousands of in israel and sam took the call to hold a midday protest carrying signs that read we all have reasons. they are demanding the president nicolas maduro to resign a transition government and you elections. we cannot stand it anymore can't stand it anymore to have gone from being a rich country to one where peo

u.s. treasury department on thursday. we need the support of the u.s. congress in order to recover our democracy mainly we said that we need support. and usurpation of power. we need to finish their dictatorship in minutes well a second we need to. establish a transitional government in order to recover our democracy and we need to call for a free and transparent election as soon as possible to elect a new president of venezuela one is donald trump praised president nicolas maduro was making an appeal directly to the american people in a clip posted on social media he asked for their help to prevent what he called vietnam in latin america. a lot of my. country has the largest oil reserves in the entire world certified in the eyes of those that govern the imperialism in the united states want to get their hands on our oil as they did in iraq as they did in libya no our oil belongs to us and we're certifying the first gold reserves in the world we have certified the fourth largest gas reserve in the world we are a nation of great energy of great natural r

u.s. treasury has pledged to ensure that quiet oh gets control of the country's resources diplomatic and economic relations between the united states and venezuela must be consistent with the united states recognition of one of the united states who uses economic and diplomatic tools to ensure that commercial transactions by the venezuelan government including those involving state owned enterprises and international reserves are consistent with this recognition. well that statement from the treasury did not specify whether the measure measures would target venezuela's oil sales and is why is the fourth largest oil exports to the u.s. and so far washington stopped short of imposing an embargo but oil prices have already risen analysts are predicting to a larger impact with a knock on effect in the u.s. nicolas maduro accuses the us of meddling in his country's internal affairs meanwhile and it's not the first time or place that washington has faced such accusations. or the unilateral action of the soviet union in the by. the freedom fighters thirty years try to feel so free to treat the cooling.

u.s. treasury to override zero interest loans to the 800,000 federal workers were furloughed or otherwise working without pay during the shutdown. these loans would accrue no interest and have no fees and would not require credit check in the amount credited to the employee would be paid back when the government reopens. these loans would be authorized even in the event of a treasury shutdown. this is not a pie-in-the-sky legislation but this is a logical next step to legislation that is already been passed. we've already signed into law that these workers we are all beginning to be them. >> we often hear my colleagues from the other side of the aisle that they wish government would work more like a business and here is their chance. this would provide immediate financial relief for our workers so they can pay their bills right now. they don't have to go out and get an extension on the mortgage or ask their creditors from any relief that this provides immediate relief they need right now. number of cosponsors here and someone to talk you more about this bill is my good friend, neighbor in

u.s. treasury that is taking sanctions to yet a higher level let's take note of what was said we're going to announce sanctions against patro is to venezuela associate the name we're paid a vase as it's known by its spend shakra new in the state owned oil monopoly we have continued to expose the corruption of madeira and his cronies and today's action ensures they can no longer loot the assets of the venezuelan people total seven billion dollars in assets clocked today plus over eleven billion dollars in lost export proceeds over the next year we will continue to use all of our diplomatic and economic tools to support interim president quite oh the national assembly and the venezuelans people efforts to restore their democracy now as you just heard the new sanctions are targeting the state run oil company that has been vital to venezuela's economy that state run oil company is being targeted seven billion dollars worth of assets are being frozen and u.s. firms will be prevented from doing business at any point in the future with the state run oil company of venezuela now they said that if