again this is just some of what we learned from ambassador volcker's records. as you will see during this trial presentation. there were numerous whatsapp messages. they were pressuring president zelensky's top aid to issue a statement -- president trump doesn't wanted. ambassador taylor's texts you saw earlier about withholding the aid further reveals how much more material there likely is that relates to the articles for impeachment. there can be no doubt that a full production of relevant texts and whatsapp messages from other officials involved with ukraine, including ambassador songd land, ambassador taylor, and deputy assistant kent. would illuminate the malfeasance addressed in our first article. the state department is unlawfully withholding emails involving key state department officials concerns interactions and relating to military aid. a white house meeting and the president's demand for investigations into his rivals. for example on july 19th, ambassador sondland spoke directly with president zelensky about the upcoming call between president trump

ukraine issues ambassador sunland and master volcker and energy secretary rick perry the so-called 3 amigos they hope to convince president trump to hold an oval office meeting with selenski during a meeting of the 3 amigos on may 23rd president trump told them that ukraine and tried to take him down in 2016 he then directed them to rudy giuliani about ukraine it was immediately clear that giuliani who is pursuing the discredit investigations in ukraine on the president's behalf was the key to unlocking an oval office meeting for presidents alinsky giuliani by then had said publicly that he was actively pursuing investigations president trump corruptly desired and planning a trip to crane. giuliani admitted quote we're not meddling in an election where meddling in an investigation on may 10th however giuliani canceled a trip to ukraine to dig up dirt on former vice president biden and the 2016 conspiracy theory just as presidents alinsky won elections for the presidency and parliament faced with a choice between working with giuliani to pursue an oval office meeting understanding it

so it's not proprietary trading part of volcker, it's the covered funds part. reporter: is there a chance that banks could take this and run and maybe you could get involved in mortgage backed securities again, risk investments? -- risky investments? mr. powell: we think that what we are doing is very consistent with safety and soundness, and absolutely consistent with volcker rule. we'll be getting comments and questions among others. reporter: thank you. thank you, chairman powell. i'd like to turn your attention back to china and the health of its financial sector in particular. i guess i'm basing my question on reading the transcripts from 2014 that came out earlier this month. in march of that year, there was concern about the chinese economy. one of your colleagues on fomc at the time asked the staff about how the chinese economy would hurt or hit the u.s. economy. and the staffer said that what they were worried about was, not only was a chinese economy down, but there was the financial sector. the quote was "there is a tremendous amount of dodgy loans i

so we will be looking tomorrow and voting on a new part of the existing volcker rule, and that is the covered fund provisions of the rule. and we'll be making a bunch of proposed revisions that we believe are faithful to both the letter and the spirit of the law. we're going to put those proposals out for public discussion, and we're going to listen carefully, as we always do, to public comments on those proposals. again, we believe that they will be -- and you'll see them tomorrow -- will be, you know, publicly -- we have a board meeting tomorrow to do that. >> [inaudible] or also are you changing the rules for hedge funds and private equity funds? >> it's covered funds. so it's that -- it's not the proprietary trading part of volcker, it's the covered funds part. >> and is there a chance that banks could take this and run and maybe even get involved in mortgage-backed securities again? risky investments? >> you know, we'll, we think that what we're doing is very consistent with safety and soundness and absolutely consistent with the letter and spirit of the volcker rule. we'll be ge

alix: at the same time this is happening, we learned that the fed approves the volcker proposal uncoveredn -- proposal uncovered funds -- proposal on covered funds in a 4-1. if that is rolled back, it could more risk on the balance sheet and create an avenue for wealthy individuals to invest in those areas. there's got to be some kind of lesson to be learned from goldman wanting to become a super boring consumer bank and the volcker rule being rolled back on this. ways, it has been fascinating that the banks have been able to make as much money as they have went theoretically, from a financial regulation point of view, they were being quite heavily repressed. look at jp morgan and think, given the regulatory environment, how on earth are you making this kind of money? and is that a problem? we wanted them to become boring. they are still looking at him of money. is that an issue? we will see whether history judges that is a good or bad thing. alix: i guess there's two ways to look at that. they are going to be boring and of theo borify the rest business, or you are going to have a more ri

during this trial presentation there were numerous what's aps messages in august while embassadors volcker and solomon and mr giuliani were pressuring president selenski top aide to issue a statement announcing the investigations that president trump wanted and ambassador taylor's checks that you saw earlier about withholding the aid 'd father reveals how much more material there likely is that relates to the articles of impeachment there can be no doubt that a full production of relevant text and what's at messages from other officials involved in ukraine and in touch with ukrainian officials including ambassadors on one ambassador taylor and deputy assistant secretary can't would further illuminates the malfeasance addressed in our 1st article. this is lisa the 2nd category of documents that the state department has lawfully unlawfully withholding e-mails involving key state department officials concerning interactions with senior ukrainian officials and relating to military a white house meeting and the president's demand for investigations into his rivals for example on july 19th embas

ambassador volcker said it is important that president trump engaged and to express full support for him. and for the team with of the united states they had a meeting with the president on may 23. that meeting prove to be important. first with yovanovitch out-of-the-way president trump authorized ambassador sondland m perry and volker and then to satisfy giuliani's concern in order to move forward on ukraine matters. these real political adappointees and a besser d3 donated $1 million to the president's inauguration. the president saw these appointees as officials to fulfill his request and ambassador volcker testified and took turns making the case it's a new crowd and a new president to the ukraine. he is committed to do the right thing including fighting corruption. they recommended the president follow through on his invitation for president zelinski to meet with him in the oval office. but president trump did not receive the recommendation well. and that his public hearing ambassador volcker described the may 23rd meeting with president trump. >> we have stressed our findings a

regulators are said to propose the next steps in the volcker rollback this week.nk act sites of the regulators and has been for some time. this week they are set to roll out a plan to make it easier for lenders to take stakes in venture funds. that is among the changes. the changes could help banks take early stakes in future unicorns. this is all according to people familiar with the matter and has to do with venture fund curves being eased in the latest round of volcker rollbacks. let's check in on bluebird first word news. here is ritika gupta. firea: in alabama, officials say their multiple fatalities in a huge blaze that destroyed at least 35 boats docked along the tennessee river. officials have not said how may people have died and say seven people are missing. most of the vessels destroyed were houseboats. no word on a cause. it happened in northeast alabama about 45 miles outside of huntsville. the european union is trying to become the next to get a trade deal with president trump. bloomberg has learned the eu may scale back technical barriers to incorpo

my former boss, paul volcker, just passed away. he was a great man. when i was a child, i work for him as a researcher and speechwriter. it was an easy job because he never used my stuff. [laughter] mr. kudlow: but he was a brilliant man. he was exactly the right man the country needed to stop inflation. i forever give him credit for that. he taught me a lot. he told me to come work for my boss. the very good article, i think it was in the his viewet journal, was that the market determined rights. i agree with that. i just don't think we have much to worry about. we do have a problem. the world economy has slumped. the usa is the only country showing prominent economic growth. growth will be much faster than 2019. let us not forget, some of the incentive oriented supply-side policies that have worked throughout history. namely, lower marginal tax rates. rolling back unnecessary and excessive regulations. and attempts to reduce trade barriers. these are classic and neoclassic incentive oriented policies. my former boss ronald reagan and my current boss

. >>> is a vote tomorrow on changes to the volcker rule restrictions on banks investing invent you're capital funds, what can you tell us about what the fed is considering and why make those changes? >> sure. we will be looking tomorrow and voting on new part of the existing volker rule. that is the covered fund provisions of the rule and making a bunch of proposed revisions we believe are faithful to the letter and spirit of the law. we'll put those out for public discussion and listen carefully as we always do to public comments on those proposals. we believe they will be -- you'll see them tomorrow, a board meeting to do that. >> see you changing rules for hedge fund and private equity funds. >> it's covered funds. so it's not proprietary trading part of volcker, it's the covered funds part. >> is there a chance banks could take this and run and maybe get involved in mortgage backed securities again, risk investments? >> we think what we're doing is very consistent with safety and soundness and absolutely consistent with letter and spirit of the volker rule. we'll be getting commen

my former boss, paul volcker, just passed away. he was a great man.hen i was a child and worked in him in the new york fed 1975 as a researcher and speechwriter, it was an easy job being a speechwriter for him because he never used my stuff. [laughter] but he was a brilliant man. he was exactly the right man the country needed to stop inflation. i will forever give him credit for that and he taught me a lot. he did not prefer my boss, he told me to come work for my boss. journal, thetreet editorial, his view was that the market determines rates and i agree with that. i just don't think we have much to worry about. we do have a problem. the world economy has slumped. prominenttry showing economic growth. stark -- stockhe market is growth will be faster in 2020. theus not forget some of supply side policies that have worked throughout history. lower marginal tax rates. rolling back unnecessary and excessive regulations. to reduce trade barriers. neoclassiclassic policies. boss used them. my current boss is using them. the central-bank obsession is wrong

we are waiting for the volcker rule revamp to come out later this week.ow much they really rain this in. are they going to let banks take massive bets on their own balance sheets, or say this needs to still mostly be client money? alix: fair enough. thank you very much. in today's off the beaten street, we are looking at the bombshell goldman sachs ceo david solomon dropped last week in davos. it is not just a pr stunt. if the policy had been in place last year, goldman could have lost up to $101 million in fees. the firm is the biggest underwriter of ipo's in the u.s. it is a great article that gives you a big list of how much they would've lost. coming up on the program, now that the usmca is signed, is all good news done for the mexican peso? and if you are heading out, tune into bloomberg radio heard across the u.s. on sirius xm china 119 and the bloomberg business app -- xm channel 119 and the bloomberg business app. this is bloomberg. ♪ alix: time now for trader's take. 20 may, vincent cignarella, voice of the bloomberg audio squawk. you can listen

i think that is critical to make tough decisions paul volcker used to when push comes to shove when it comes to the best interests of the country's economy. but i would say there is going to be a possibility going forward, if you want to talk about coordination, of the fed potentially coordinating with other global central banks as we see the potential, global economic fall out from this coronavirus. that would not surprise me. charles: so, in other words if china were to add stimulus to the economy the fed would as well in coordination with the pboc? or because they want to keep rates near a certain range? >> well again i think if the bank of england, for example, comes out tomorrow has an insurance rate cut because of potential -- we've seen laundry lists of airlines taking flights away from china today, i think jay powell is going to say they have no plans to cut rates right now at this press conference but that if conditions warrant in order to sustain the economic expansion they would certainly consider doing that. that's why markets begun to price in a rate cut this past week. ch

agrippa volcker's has stunned researches by traveling more than 6000 kilometers from iceland to the mediterranean sea in just a few weeks i was spotted by fishermen in italy who could hardly contain their excitement. well it's a good job. better than this amateur video captured assigned few people would ever have expected in the mediterranean. these 2 italian fishermen certainly never imagined that when they went out into the strait of messina near sicily they'd encounter 3 massive killer whales swimming alongside their boat the 1st thing they noticed was the giant fins reaching out of the water going quite a lot we never seen anything like it and then we realized it was a killer whale 1st we were scared animals are twice the size of my vote but then the excitement overcame the fear we managed to film the video. uploaded to. researchers say the orcas are part of the same group that came from iceland and was spotted off north western italy earlier this month it's one of the longest migration routes ever recorded for the species the killer whales can be found around the globe they generally favor c

you go to the front with ambassador volcker and you are on the bridge and looking over the front line of the russian soldiers. is that what you recall? >> yes, sir. >> and the ukrainian commander, thank you for the military assistance that you knew was being withheld at that moment. >> that is correct. >> how did that make you feel? >> badly. >> why? >> because it was clear that that commander count on us. it was clear that that commander had confidence in us. it was clear that that commander was appreciative of the capabilities he was given by that assistant but also the reassurance that we were supporting him. >> we are going to leave this portion of yesterday's senate impeachment trial session, opening argument continue at 1:00 eastern on c-span2. live to capitol hill for a news briefing on the impeachment trial with senate democrats. >> before i begin on the impeachment issue i want to say this. and he will look at cutting social security and other entitlement after the 2020 election and that it is actually, he said, the easiest of all things. the president promised unlike other r

conversation i referenced yesterday when the ukrainians threw it right back in our face when ambassador volcker said to his ukrainian counterpart you shouldn't investigate the former president we shouldn't get engaged in those political investigations oh ukrainian response was you mean like the one you want us to do of the binds of the clintons they're not stupid by the end of august there was still no explanation for the whole despite efforts by numerous people to seek the release of the funding. the leverage hadn't succeeded in getting the president to in course ukraine to announce the investigations and so the aid was withheld to witness privy to the scheme testified that the only logical conclusion to reach about the presence can't continue to hold on the aide was it was intended to put more pressure on ukraine to announce the investigations as i said they testified it was as simple as 2 plus 2 equals 4 we can do math and more importantly so can the ukrainians and maybe even more importantly than that so can the russians multiple senior officials including president trump himself have confi

you shocked by that or were thoughts on that citibank was also responsible for getting rid of the volcker rule which was part 20 died frank yeah well following up on that on the global financial crash this was a defining issue that still continues to this day we had occupy wall street right across the river here in manhattan we are in brooklyn it was mostly people from brooklyn who went over there occupied wall street literally park out there they wanted obama they voted for obama because he promised hope and change and who did he meet with straight away he met with the heads of these banks he did not meet with occupy wall street he did not meet with public banking activists he did not meet with the sort of people so what sort of outcome do you think that had on these tarp bills on the federal reserve then intervening as well right i mean no executives went to jail the banks are bigger. today than they were back and so it's clear all of these corporations understand that a cost of doing business is buying and building support in washington d.c. and that includes stuffing up with former me

you have ambassador volcker, you have tim morrison.e have 10 people who said the president didn't do anything wrong and they want more witnesses? there are no fish in that pond. lou: there are a lot of other creatures in the swamp working overtime. your name has been suggested in joining the president's defense team. your thoughts on that? >> that's up to the president and the white house counsel and the senate. but i'm happy to help. the swamp is fighting back -- you start take on this town and start draining the swamp, the swamp fights back. that's what you are seeing. they don't like the fact that he's delivering, cutting taxes, reducing regulations, growing the economy, lowest unemployment in 50 years. the economy soaring along. they don't like that. we should never forget, impeachment didn't start with ukraine. it started jewe -- it started oy 31, 2016. and they continued since then. the american people see it. lou: i'm miling as you are character -- i'm smiling as you are characterizing that. it's overwhelming. >> no president in

the rollback of the volcker rule means you can be a little bit more feet -- a little bit more lenientn the venture-capital world. more money flowing into vcs and startups, creating more lofty valuation. liana: this is just a new avenue for them to invest directly in venture capital funds. will goldman sachs be investing as much as softbank? probably not. but it is definitely something to watch. taylor: thank you for joining us. coming up, tictoc has a rival oldit is a reboot of an favorite app, vine. this is bloomberg. ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. and save even more when you say "bring my own phone" into your voice remote. that's simple, easy, awesome. click, call or visit a store today. which is why xfinity

we had ambassador volcker come forward, the vice president, multiple public statements, tim morrison,hese are people with firsthand knowledge where they talked to donald trump about this. all this is about hearsay and hurt feelings. we have a situation where everybody wants to convict the president of the united states and disenfranchise voters across the country because my democrat colleagues think there will is more important than the will of the american people but they want to do that in the hopes of sending a message and what is that message? that adam schiff and his team think their opinion is more important than the american voter and it is not something most americans are buying into. shannon: we had a soundbite, we can't trust the system but his argument has been all along there will be corruption if this president is not stopped by impeachment, the atlantic said no democrats are not trying to overturn a 2016 election. it is a surprisingly durable talking point. it finds a way to avoid talking about the substance of the accusations against him. it is a difficult task and ther

. >> ambassador volcker?> i did not. >> any evidence of bribery. >> no, ma'am. >> no, ma'am. >> not that i recall. >> they did not. >> he said i want nothing, i want no quid pro quo. >> you testified you had no direct knowledge of any nefarious motivations to withhold aid to ukraine, correct? >> correct. >> and to your knowledge you testified that there were no strings attached to the aid, correct? that is page 184 of your deposition. >> i had no such knowledge. liz: ukraine leader said the same. no bribery in the articles as a charge. no obstruction from the mueller probe in the charge. what's their case? >> they don't have one and it is a great point, elizabeth. this is the reason this is only the third time this happened in the 243-year history of our republic. it was designed by the framers of constitution to be exceedingly rare thing. impeachment was only reserved when a president is engaged in treason, bribery, high crime or many of as you point out there is no crime here at all. the abuse of power is a

the rollback of the volcker rule means that you can be a little bit more lenient within the venture-capitalld. more moneyme now flowing into vc's and startups, and creating more private hefty, lofty valuation? liana: they have been investing in startups for a long time. this is just a new avenue for them to invest directly in venture capital funds. it has been in the works a long time and we will see. but will goldman sachs be investing as much as softbank in private companies and venture capital? probably not. but it is definitely something to watch. taylor: thank you for joining us. coming up, tictoc has a rival and it is a reboot of an old favorite app, vine. we will take a look at it, next. this is bloomberg. ♪ hi! we're glad you came in, what's on your mind? can you help keep these guys protected online? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we ca

we have put this together really with the benefit of ambassador volcker's text messages and the commentsfrom bolton. we do need to hear from duffy. we do need to hear from others who have declined to meet the subpoena requests, because the president has told them to. >> look, anyone who wants to know everything about this, it would be intellectually dishonest to say they didn't want to hear from john bolton or mick mulvaney. i think one has to just be honest and say that. but it may not happen in the senate. so if it doesn't, can you say that the house of representatives will subpoena john bolton? and that he will appear, for the american people to hear what he has to say? >> i'm not sure we're in a position right now to make that statement or i think it's frankly premature. because we have see what happens in the senate. mr. bolton has said he will testify in the senate. if the senate does not take him up on his offer, then i think the whole question becomes, was that really a trial at all. that oath they take for impartial justice was that, in fact, met? >> so, the articles of impeachm

guliani and ambassadors volcker and sondland tried but failed to get zelensky to issue a public statement, president trump made this clear himself. he explained to ambassador bolton that he wanted zelensky in a public box. that is up trump would only be satisfied if zelensky made a public announcement of the investigations which he subsequently agreed to do on cnn. here's ambassador taylor's testimony on this. >> and so even though president trump was saying repeatedly that there is no quit pro question, ambassador sondland relayed to you the facts of the matter are the white house meeting and the security assistance were conditioned on the announcement of these investigations. is that your understanding? >> that's my understanding. >> now you reference a television interview and a desire for president trump to put zelensky in a public box, which you also have in quotes. was that in your notes? >> it was in my notes. >> and what did you understand that to mean, to put zelensky in a public box? >> i understood that to mean that president trump through ambassador sondland was asking for pre

are witnesses you've heard from we would have the right to call witnesses and to cross-examine mr volcker george can't the deputy assistant secretary of state for the bureau of european and asian affairs you saw as testimony they call them. if we have witnesses we have the right to call that witness and to cross-examine deputy assistant secretary kent the former united states ambassador to ukraine and bassett are you gonna bitch they called or you saw that testimony we didn't have the opportunity to cross-examine her if we had witnesses we would have to call her laura cooper deputy assistant secretary of defense for russia ukraine and eurasia they called or you saw her witness's testimony right here we did not have the opportunity to cross-examine or we would have to be given that opportunity these are witnesses against the president.

president's team now would have you believe what's more when the president's own people the 3 amigos when volcker and so on money secretary perry met with the president on may 23rd after the you not your ration of zelinsky what does the president say he says you got to talk to rudy. congressman adam schiff speaking to. my physical few were listening in there because and he adam schiff very neatly brought me to my next question which was about the shifting of opinion in the senate he said he felt a shift in republican sentences thinking that they really can stand tall defense about not having witnesses at the trial and what she is looking for as other democrats of full republicans to switch sides what's your understanding of whether that really could happen. i think it could mitt romney who is pretty much committed to having witnesses said it's increasingly likely that's going to happen he's been talking to a number of republican senators and just within the last hour we have a report from the washington post that senator patrick toomey a republican from pennsylvania is floating the idea of a one

we will touch on the legacy of paul volcker.ow at the aging of america and how it filters through to all we do. on the blinder op-ed in the journal. this is bloomberg. ♪ tom: "bloomberg surveillance," this morning from london and washington. welcome all of you. terrific news flow. images out of thereon. aboutked to greg valliere this unfolding story, particularly his sense of the pentagon across this potomac river as well. john bolton, this city came to a stunning halt, i'm guessing, 2:00 p.m. yesterday as well. you study this carefully. who was the most upset he has decided to testify? greg: donald trump, for one major reason. rudy giuliani. bolton knows where the bodies are buried. he knows he played a crucial role. that is the big wildcard. tom: this is america. whatever you think of america, this guy, politics, left, right, cable war news. america, in a given trial or process, we want voices heard that someone is innocent until proven guilty. are we going through that process? greg: no. it is going to be hard to smear john b

pompeo, ambassador volcker and ambassador sondland and two, rudolph w.i and victoria, tvictoria toensing, and other recalled ambassadors to ukraine, maria masha yovanovitch to kiev and including credible threats gains hert and any protective security measures taken in response, and two, the sergeant at arms is authorized to utilize the services of the deputy sergeant at arms or any other employee of the senate in serving the subpoena authorized to be issued by this section. >> mr. chief justice. >> the majority leader is announced. >> i ask for a brief ten-minute recess before the parties are recognized to debate the schumer amendment. at the end of the debate time, i will move to table the amendment, because the timing is specified in the underlying resolution, so i ask that the senate stand in recess subject to the recall of the chair. >> without objection, the senate stands in recess. >>> that is a quick break that the senate is now taking as they begin taking up senator schumer's second amendment. the first one failed. the republicans on a party line

in response, ambassador sondland testified, secretary perry, ambassador volcker and i worked with mr. rudy giuliani on ukraine matters at the express direction of the president of the united states. after two explosive white house meetings on july 10th in which ambassador sondland explicitly conveyed the president's demand for political investigations to ukrainian officials, top ukrainian aide andriy yermak texted ambassador volcker, i feel that the key for many things is rudy. and what was rudy asking? investigations of two american citizens. not corruption in general, investigations -- in fact, he wasn't even asking for an investigation. he was just asking for an announcement of an investigation, so that american citizens, the bidens, could be smeared. on the july 25th call with president zelensky, president trump mentioned rudy giuliani by name no less than four times and informed zelensky that rudy very much knows what's happening. he told president zelensky, mr. giuliani is a highly respected man. he added, rudy very much knows what's happening. in august, mr. giuliani met with a

are witnesses you've heard from we would have the right to call witnesses and to cross-examine mr volcker george kent the deputy assistant secretary of state for the bureau of european and asian affairs you saw as testimony they call them if we have witnesses we have the right to call that witness and to cross-examine deputy assistant secretary ken the former united states ambassador to ukraine and bassett are you gonna bitch they called or you saw that testimony we didn't have the opportunity to cross-examine her if we had witnesses we would have to call her laura cooper deputy assistant secretary of defense for russia ukraine and eurasia they called her you saw her witness's testimony right here we did not have the opportunity to cross-examine or we would have to be given that opportunity these are witnesses against the president laura cooper deputy assistant secretary of defense for russia ukraine and eurasia again same thing david hale you know undersecretary of state for political affairs he was called by the house you saw his testimony we never had the opportunity to cross-examine i

unconnected to any conversation with the president here's the question what about the aide and bester volcker says that they were tied that the aide was not tied answer i didn't say that they were conclusively tied either i said i was presuming it question ok and so the president never told you they were tied answer that is correct question so your testimony in a best provokers testimony is consistent and the president did not tie investigations a 2 investigations answer that is correct and bassett or someone also testified that he asked president directly about these issues and the president explicitly told them that he did not want anything from ukraine i want nothing i want nothing i want no quid pro quo tells alinsky to do the right thing similar comments were made to senator johnson those are the facts. but that's the facts. no one is above the law here is the law as every member of congress knows. undoubtedly aware separate from even state secret privileges is the presidential communication executive privilege to communications and performance of a president's responsibilities the presi

you go to the front with ambassador volcker and you are on the bridge and looking over the front line of the russian soldiers. is that what you recall? >> yes, sir. >> and the ukrainian commander, thank you for the military assistance that you knew was being withheld at that moment. >> that is correct. >> how did that make you feel? >> badly. >> why? >> because it was clear that that commander count on us. it was clear that that commander had confidence in us. it was clear that that commander was appreciative of the capabilities he was given by that assistant but also the reassurance that we were supporting.

including, but not limited to then national security advisor john bolton, secretary perry, ambassador volcker, ambassador sondland, for a meeting and subsequent meeting in the boardroom. a meeting the at white house on or around august 30th, 2019 involving president trump, secretary of state mike pompeo, and secretary of defense mark esper. five, a planned meeting later canceled in warsaw, poland, on or around september 1st, 2019 between president trump and president wolinski. and involving vice-president pence, president trump, mick mulvaney concerning the lit offing hold on security assistance for ukraine. f, meetings, telephone calls related to any occasions in which the national security counsel official reported concerns to national security council lawyers, included, but not limited to legal advisor john isenberg related to matters involving ukraine, but not limited to one, decision for military assistance to ukraine. two july 10th, 2019 meeting at the white house with ukrainian officials, three, the president's july 25th 2019 call with the president of ukraine. 4, a september 1st, 2019

the house managers did not tell you about this testimony from ambassadors taylor, volcker and yovanovitch, why not? these are the facts as drawn from the house managers's own record on which they impeach the president. this is why house impeachment must fail. for the 6 reasons i set forth when i began on saturday. there was no link between investigations and security systems were meeting on july 20 fifth call. and they felt no pressure. the top ukrainians did not know whether security assistance was cost until more than a month after the due july 20 fifth call. house managers record reflects anyone who spoke with the president said the president made clear there was no linkage. the security assistance floated the presidential meeting took place and investigations and donald trump enhanced american support for ukraine in his three years in office. these facts all require that the first articles of impeachment fail. you already heard and will continue to hear from my colleagues on why the second article must fail. once again, this was the case the house managers chose to bring. this is the

and ambassador volcker testified that they were not credible and that biden respects his duties of higheroffice. so there is also concrete reason us government wanted viktor shokin removed. a senior official testified that by these time viktor shokin was removed there were some concerns was corrupt and not investigating potential corruption in the country. and there was concern that viktor shokin was not investigating burisma. under viktor shokin burisma investigation for earlier conduct was stalled and was dormant and that was one of thear reasons the united states and other countries wanted to remove viktor shokin. because of this and as confirmed by witness testimony that we were here shortly calling for viktor shokin actuallynt would increase the chances that burisma would be investigated . . . . ukrainian prosecutor general who was not prosecuting enough corruption, that would increase the chances that corrupt companies in ukraine would be investigated, isn't that right? and that could include burisma? >> yes. >> president trump and his allies had tried to justifypr president trump's

special representative for ukraine was not on the call, but ambassador volcker suppose regularly withd even met with president zelensky the day after the call. he testified that in no way, shape or form in the read-out of the call of the united states with ukraine that he received any indication whatsoever for anything that resembles a quid pro quo on the july 25 call. here's ambassador volcker. >> in fact the day after the call you met with president zelensky, this would be july 26th? >> that's correct. >> in that meeting he made no mention of quid pro quo? >> no. he made no mention of withholding the aid? >> no. he made no mention of bribery? >> no. >> thing the fact is the ukrainians were not even aware of this hold on aid, is that correct? >> that's correct. >> they did not tell you about the testimony from ambassador volker? why not? president zelensky himself as confirmed on three separate occasions his july 25 call with president trump was a good phone call and normal and nobody pushed me. when president zelensky's adviser andriy yermak was asked if he ever felt a request or in

in their testimony, ambassadors volcker and sondland said the president raised concerns about ukrainiancorruption in the may 20 third, 2019, meeting with the ukraine delegation. deputy defense secretary laura craft testified that she received an email in the tune -- in june of 2019 listing follow-ups from the meeting between the secretary of defense chief of staff and the president relating specifically to ukrainian security assistance including asking what other countries are contributing, burden sharing. that could be found in laura cooper's deposition, pages 33, and 34. the president mentions corruption and burden sharing to senator johnson as you already heard. it is also important to note that ambassador david hale testified there was a review going on in 2019. on page 84 of his november 6th, 2019, testimony he said the administration did not want to take a business as usual approach to foreign assistance, feeling that want the country has received a certain package it continues forever. didn't talk about that in the 23 hour presentation. doctor fiona hill confirmed this review and

rudy giuliani, trump's personal attorney meets with ambassador volcker and they make it clear that it was important if the zelinski wanted to say he would have to help in the investigation. now we lead up to the most important dates. on july 24 is when we have six hours of testimony from robert mueller. during this testimony he's talking about the report and he said the russian government interfered in our election and in sweeping and systematic fashion, but regarding the obstruction of justice he said we decided we would not make a decision to whether the president committed a crime but yet the report to which he referred set out several instances where there was substantial evidence of obstruction of justice and at the hearing mueller said objection of justice strikes at the core of the government's effort to find the truth and to hold wrongdoers accountable. fresh off this testimony the next morning donald trump has the now infamous phone call that was perfect with president zelinski. what is interesting and i know if you follow this in detail what is interesting is so much pressur

in their testimony, ambassadors volcker and sondland said the president raised concerns about ukrainianrruption in the may 20 third, 2019, meeting with the ukraine delegation. deputy defense secretary laura craft testified that she received an email in the tune -- in june of 2019 listing follow-ups from the meeting between the secretary of defense chief of staff and the president relating specifically to ukrainian security assistance including asking what other countries are contributing, burden sharing. that could be found in laura cooper's deposition, pages 33, and 34. the president mentions corruption and burden sharing to senator johnson as you already heard. it is also important to note that ambassador david hale testified there was a review going on in 2019. on page 84 of his november 6th, 2019, testimony he said the administration did not want to take a business as usual approach to foreign assistance, feeling that want the country has received a certain package it continues forever. didn't talk about that in the 23 hour presentation. doctor fiona hill confirmed this review and t

least four men most to file, to document concerning conduct he witnessed or heard and ambassador volcker a special representative for ukraine negotiations provided evidence that he and other american officials communicated with high-level ukrainian officials including president zelensky himself. via text message and whatsapp about the president's improper demand and how ukrainian officials would respond to them. based on the testimony we received and on evidence that is since emerged all of these documents and others that we will describe art directly on the allegations set forth in the first article of impeachment. they would help complete our understanding of how the president's scheme unfolded in real time. they would support the conclusion that senior ukrainian officials understood the corrupt nature of president trump's demands and they would further expose the extent to which secretary pompeo acting chief of staff mick mulvaney and other senior trump administration officials were aware of the presence plot and helped carry it out. we are not talking about the burdensome number of d