U. S. Troops from iraq immediately. Can you comment on that . Sec. Pompeo he didnt quite characterize the conversation correctly, but to the larger, more important point, we are happy to continue the conversation with iraqis about what the right structure is. Our mission there is very clear. We are there to perform a Training Mission to help the Iraqi Security forces be successful and to continue the campaign against isis. We are going to continue that mission, but as times change and we get to a place where we can deliver upon what i believe in the president believes is our right structure, with fewer resources dedicated to that mission, we will do so. We also have today a nato team here at the state Department Working to develop a plan which gett birding sharing burden sharing right in the region so that we can protect and defend, keep the American People safe, while reducing our cost, our resources, and our burden in the region, as well as the risk to our soldiers and sailors. You said that the imminent threat was a threat to u. S. Embassies. You dont know precisely when aware. Last night, the president said it was a threat to, sees, including the baghdad embassy. Why cant you say it, and the president said it last night, leaders haveonal not . Sec. Pompeo we did. So they are lying . Sec. Pompeo all information was provided in the class five setting. You told them in the classified setting. You told them that the embassies were threatened . Sec. Pompeo i will not talk about the details of the classified briefing. They can access the same intelligence that will reflect what i am describing them what the president last night. Is the threat from soleimani gun . Sec. Pompeo from soleimani gone sec. Pompeo the threats are never gone from soleimani gone . Sec. Pompeo the threat is never gone. There is danger all throughout the world. No one believes the risk is gone. Look at the list, though. Look at the achievements of the administration. We took out the caliphate. We took out albaghdadi. We took out soleimani. This of ministration has effect of those who put american men women at risk. [indiscernible] about the china trade deal. The chinese side will be here next wednesday to sign phase one of that deal, but china is also a big importer of iranian oil and minerals, and that is a big part of their economy as well. Two . O you balance the are you concerned about the iran issue coming up in either the signing or the face to deal in either the signing or the phase two deal . Sec. Mnuchin that is a good last question to end on. We are looking forward to the chinese delegation coming next week. Phase one is very significant. It includes very significant components of changes to technology issues, intellectualproperty issues, and 50 billion of purchases for our farmers. I would comment, i dont agree that china is a big buyer of oil. The china state companies are not buying oil from iran. We are having conversations with china, as well with any other counterparty on sanctions of on unsanctioned sanctions evasions. Thank you. Vonnie just ending on that very interesting question we have been posing all week about china and whether it would change the dynamic with chinas delegation coming next week, that this happened with iran. The treasury secretary saying that china doesnt by a huge amount of oil, disagreed with the premise of the question, with iran, and that state oil comedies dont buy from iran either come but also that he would be speaking with them. Is putting the u. S. Sanctions on 17 entities, mainly in the steel industry, and also some entities in the seychelles. Senior iranian officials as well, including the secretary of the Supreme National council. Cutting off billions of dollars, in the words of the treasury secretary, to the iran regime. Plenty of questions as well about the reasoning behind the iran attack. Guy yeah, i think that is the question that a lot of people are still digging into. It is still something that is being questioned. Was this an anticipatory attack . Does that qualify as making it legal . It is certainly a question that continues to be asked. The bigger question that comes out of all of this remains the efficacy of the sanctions that are being applied to iran. They were reimposed in 2018 when the United States withdrew from the jcpoa. You have to question what effect they have had thus far, and you wonder as we get to this point with just about everything sanctioned whether or not the sanctions being imposed on iran actually amounted to mystic purposes and a design to signal that the u. S. Has responded to the attack on the military bases that happened a couple of days back, whether or not this actually has any meaningful impact on the behavior in tehran. I guess a lot of people would question that. Vonnie the iranian economy has been in recession for at least the last two years. The imf the forecast for 2019 for contraction of almost 10 . Ours get to washington and chief washington correspondent Kevin Cirilli, who is still with us. Now we have the full plate of sanctions, if you like, and also plenty of questions still about the reasoning behind the airstrikes that ended up killing qasem soleimani. Kevin right. Crippling sanctions just issued by the trump administration, additional sanctions on anyone trading or owning sectors in the iranian economy. Construction, metals, eight senior iran officials, all to deny the regime the resources to continue to fund terrorism. In addition, we are also hearing that iran cannot get access to 90 of foreign reserves. They also want to note one other thing, and that is that they are going to be granted waivers for u. S. Aviation investigators to help iran with the investigation into that ukraine flight that went down, so a lot of new development to sort through as we look through this, in terms of a military approach, but an escalation in the economic component of the maximum economic pressure campaign. Guy kevin, what do you hear about what comes next . The iranians have effectively walked away from the jcpoa. They are still working with the nuclear authorities, but effectively, they have walked away from jcpoa. Weve got a Foreign Ministers meeting taking place in europe today, trying to figure out what happens next. The administration in washington has talked about this through a multilateral lens. What do you hear about what the next steps are likely to be . Kevin nato, and you saw that in how President Trump has really spoken highly of top officials at nato. The president has reiterated that he was able to get Foreign Countries to invest more into nato, and now the president is trying to rebuild that coalition and negotiate a new type of denuclearization deal with iran. They are starting virtually from scratch all over again. The first step in that process is to try to get by hi try others to notfrom invest in iran, cut off economic ties with iran, and work with the United States to get iran to denuclearize. Vonnie kevin, thank you for all of that great reporting. Chief washington correspondent Kevin Cirilli there. Bassett,s now is ralph head of u. S. Equities at aberdeen standard investment. Obviously, weve had a huge amount of geopolitical news this week, this being just the latest. Sanctions on iran adding to previous sanctions. How does it change your outlook for risk in 2020 . Ralph ralph i think the difficult thing with any political conflict is there is not a binary outcome. That is what is hard for the markets to digest. Each side has a narrative that works for them. Obviously, the administration, both through recent sanctions we just heard about, but also actions last week, has constructed a narrative on dealing with a lot of the issues we have contended with for 40 years, but inching in that direction. Similarly, with the attacks on internalthere is the narrative. So how does this escalate . For now, i think both sides will probably back off, but we will have to see. Vonnie the treasury secretary announced it would be primary and secondary sanctions, but this means it affects our relationship with other people as well, so if they do business with iran, we note do business with them. How does that affect the u. S. Europe relationship . With thee difficulty sanctions imposed is, are we trying to enter the table, or just cripple the economy . The question becomes, how do we work with nato and other allies to drive this forward . Europe is very constructive in working on that front, but we will have to see. Crudehe u. S. Doesnt need coming out of the gulf. The u. S. Economy is in great shape right now. We just need to payrolls number coming out. Why do i as a u. S. Investor care about what is happening with the geopolitical story . If this week has told me anything, it is just that this is a storm in a cap in a teacup. From a market point of view, it disappears pretty quick. Ralph this year, we are looking for deceleration growth, but still very healthy growth, especially relative to what we are expecting. Speaking,ket, broadly we are looking for Earnings Growth to be supportive throughout the year, and a lot ,f the monetary accommodation trade issues we were contending with last year are coming to support that. But again, this is something that is very difficult to forecast. Guy one of the things i have heard equity strategists talking about with reference to the Upcoming Season is that if costs rise, that could squeeze the bottom line. Did todays payrolls number but that to one side . Wages dont look like they are going up anything like the way that some of these strategists are fearing. Ralph i think the margins are probably supportive, but we are talking about several basis points here. The concern heading into this year was margin pressure for corporates. I think that is natural at this stage in the cycle. Broadly speaking, we are of the view that Earnings Growth is going to disappoint this year, but we dont necessarily think that is going to be bad for markets. We just think the areas where the market is assuming Earnings Growth is going to come through, whether that is energy, materials, or cyclicals, it will continue to drive markets forward, but we are likely to see more mid singledigit growth than the 10 plus percent that is currently market consistent. Vonnie you are staying with us. Ralph bassett is head of u. S. Equities at aberdeen standard investments. This is bloomberg. Guy from london, im guy johnson. Vonnie from new york, im vonnie quinn. This is the european close on. Loomberg markets lets check in on bloomberg first word news. Heres courtney donohoe. Timesy the new york says a video shows and eric have shows an antiaircraft missile ukraine airliner. The u. S. Is waving sanctions against iran so investigators from the u. S. And other countries can take part in the probe. Iraq moving forward with the demand for u. S. Troops to leave. Iraqs Prime Minister has asked the state department to decide the mechanism for American Forces to leave. Iraqi lawmakers called for u. S. Soldiers to leave after u. S. Airstrikes killed the top arena in general a top iranian general. Specialized unit will be deployed to the pacific, capable of conducting informational, electronic, and Cyber Operations against beijing. The army will outline its plans today. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im courtney donohoe. This is bloomberg. Guy thank you very much indeed. Lets get back to ralph bassett, head of u. S. Equities at aberdeen standard investments. We get a phase one trade deal signed next week. Sellat a buy the market or the Market Opportunity . Ralph we think it is largely priced in, to be honest. We saw some movement on that front, and we heard the treasury secretary speak just a few months ago around the general construct of that agreement, but i think it is largely priced into the market, so i dont expect a lot of movement on that front. But again, i think it is a net positive for the economy this year. Guy i am wondering what keeps this equity rally running. Nearly 19ding 18, times. We are well above average is for multiples for equities. Earnings might disappoint a bit going forward. What is it that keeps the going . Ralph we are constructive, but cautious. It is wellknown that the multiples in the market are now elevated, especially as we moved through last year, so how does underlying growth really substantiate as we move through the year . I think that is where we are focusing. Obviously on the data points, as it relates to Earnings Growth, we are expecting it to pick up in the back half of the year. Is going to be that kind of cyclical influence that is going to help drive Earnings Growth. Industrial production to date has still been fairly disappointing, so we are expecting that to really come , inugh in q2 through q4 concert with some of the benefits to other cyclical sectors such as the steepening of the yield curve that can drive things in the back half of this year. Vonnie on the economy, we would love to get your thoughts on this mornings jobs report. Ralph i think the broad view was that it was somewhat disappointing. From our perspective, two things we want to point out. Expectationshe within the market on the buy side were higher, looking for roughly 180,000, and came short of the 106 2000 expectation. Where we are the 160,000 expectation. Of the mind that it is natural to have some slowing, so the bigger thing we are focused on is that Wage Inflation data. I think that really is in conflict with some of the stuff we are seeing from the actual numbers. Vonnie i think that is definitely the consensus. About some of the stocks you are liking right now. Ralph we are focused on stocks we think can have stock specific drivers, say we are not making a huge bet on what is happening with the economy. We are seeing green shoots and some industrial areas, railroads being one, where volumes were really week last year. From that perspective, we like kansas city southern. This has several things that are benefiting it at the moment. One is precision railroading really helping to drive down costs at a time when they are seeing revenue headwinds. I would also say within that construct, we are likely to see benefits from the usmca being signed. With 40 of their volumes being crossborder, we also see that as a positive tailwind, aside from the fact that we expect volumes to improve throughout this year. Guy does the trade deal with china help that story as well . Ralph it does. Interestingly a lot of that Movement Goes south, but we think a trade deal helps to alleviate some of the concerns around the inventory cycle so be could see things work through, and certainly see a pickup in economic activity, which would benefit both the truckers and rail. Guy you are the head of u. S. Equities. What do you hear out of asia . What do you hear out of europe . Do you think u. S. Equities 2020 . Ue to outperform in it was a mixed picture in 2019, but u. S. Equities have been solid performers over the past few years. Why would i put money to work elsewhere . Should i put money to work elsewhere . Ralph we are not calling for outperformance relative to other global markets. We are constructive on other areas of the world, but relative to other Asset Classes and what we see in terms of the firming of economic growth, we are calling for long patient of the cycle calling for longation of the cycle. Would you look at currencies, fixed income markets, think equities are still suited to drive midsingle digit returns with dividends at another pointer to on top of that. We are still fairly constructive with what we know today. Vonnie are you taking a little bit of money out of u. S. Equities to place elsewhere . Ralph theres a range of places we can go, and a lot of things we are contending with. Morely speaking, we are constructive on equity markets coming out of the back half of the year, and then it really becomes a case of, in the world, where do actually put capital. We are in a risk on asset environment, so that tends to favor places like emerging markets and other countries outside the u. S. , but again, i think we are constructive on equities in general across the board. Vonnie what our clients asking so far about the 2020 election . Ralph everything. I speak to a lot of clients outside the u. S. , and i think the views are may be a bit behind what we see here, in that they are really looking at the kind of tail risk that could happen from a more progressive candidate, what that means for the market at large. Domestic investors are really talking about sectors, and that comes down to pharma, regulation around technology. That is where the differential is that we are seeing at the moment. Vonnie we have to leave it there, but thank you for visiting us today. That is ralph bassett, head of u. S. Equities at aberdeen standard investments. Wall street week debuts on bloomberg tonight at 6 00 p. M. In new york, 11 00 p. M. London time. We will get more insight on how tensions in the middle east could impact markets. This is bloomberg. Guy from london, im guy johnson. Vonnie from new york, im vonnie quinn. This is the european close on bloomberg markets. A news briefing earlier on more sections of iran more sanctions on iran. Not much of an impact. The dow jones is giving up some gains, trading down 26 points. The nasdaq is up about 0. 25 . Pretty calm. The vix at 12. Guy kind of a goldilocks payroll report, wasnt it . Didnt really give the market any reason to go in either direction. Volumes pretty good over here in europe today. Ftse 100 absolutely flat. Negative on the week, but only just. The dax certainly outperforming. The cac 40 absolutely flat as well. We are waiting now for what happens next week with the trade story. Payrolls out of the way in a week dominated by iran. A roundtrip in terms of the market. This is bloomberg. Guy 30 seconds to go until the end of this fridays session in europe. European equities to be honest, it is hard to get excited about was about what just happened. In terms of the overall picture, not a lot to see. A little bit of a move lower. 10, 20 minutes into the session. We have been crawling since then. Quite a tight range. The stoxx 600 is down. 1 . Payroll number do not provide any volatility. We will wait and see what happens next week. A week that started with a bang not finishing it that way at all. The ftse 100 flat. The dax absolutely flat. The cac 40 absolutely flat. Lets try and find some excitement when it comes to the sector story. To give you an idea of what rotation we see. There has been some. The car sector has done reasonably well. The data coming out of the United States. Tesla has had a cracking week. The apple story has helped the tech sector in europe. It is not a big sector. From a percentage point of view it has done well. A Big Health Care conference on the west coast. The Health Care Sector up 1. 5 . Then you get into the middle of the pack. What is interesting here is that oil is there. You wouldve thought in a week where you see such focus on iran that the oil sector would have a better week. It has not. The oil sector is down. 3 . This week has taught us a number of things, one of which is that middle east to geopolitics and the oil price are not necessarily the same thing in the way they once were. The oil sector, which is unloved for so many reasons gets caught up in that. The oil and gas sector price down. Banks are solved. ,he bottom end of the market the Retail Sector has been under the real the retail estate has been down, and the retail story out of europe has not looked clever. Big names like mark and spencer under pressure. The Airline Sector had a good day today. Ryanair upgrading its numbers. 737 max customer. The team over there is putting a positive spin. This company in conversation with the government when it comes to the phasing out of call. The phasing out of coal. Today,martin up potentially looking to take a stake in the business. We will see what happens. We will see the stop responding at the back end of the week and a positive way. That wraps things up for this week. We will see what next week brings, but this week starting off with a lot of sound and fury and not finishing that way. Itnie here in the u. S. , seems like risk assets are squeezed. There was no surprise to the jobs report. Not a huge surprise. Maybe weakness in places. Not going anywhere in the s p 500. 3275. Definitely a healthy level. , dow is climbing declining a fraction. We are using steam on the dollar index as well. Brent crude is trading up about . 18. Wti has given up all of the gains made earlier in the week. Lets move to the individual companies that are moving in the s p 500. , we have l brands higher. This is a Deutsche Bank upgrade. Deutsche bank saying the story at l brands is so bad it has become good, which is not the most thing you would be appreciated of of if you were in the company. On the downside we have oil stocks following this weeks maneuvers. If we could see those as well . We will get to that. And Harley Davidson. That is the other company i wanted to talk about. We have a note out on the street saying Harley Davidson is likely to report overseas sales in the low single digits. Those results do not come out until the end of the month, but that is sending that stock lower as well. Guy lets turn to what is happening in europe from the iran angle. The eu foreign minister is holding a meeting in brussels to discuss the fallout from the Soleimani Killing and the future of that nuclear deal. Lets get the latest from maria tadeo in brussels. Maria, what are we hearing . Where to the europeans take the story next . The jcpoa, the iranians have walked away. The u. S. Is issuing further sanctions. Where does europe go . Maria that is right. You have to keep in mind the obvious criticism is it has taken a week for european Foreign Ministers to get together and we have not gotten to a conclusion yet. It is not only the fact that they were slow. It is the fact that a week after the killing took place, we have not heard a joint response from the european union. The number one priority when you speak to officials as they will tell you they want things to deescalate in the region and they want everyone to take a step back and take a breather and prevent any further military escalation. They believe the only way to do this is through the iran nuclear deal, just bring that back on the table. The obvious question is how can 100 . Y the deal is the europeans believe when the situation comes down, the only point where they can all gather and meet in a diplomatic may will be around the iran nuclear deal. If iran wanted to break away they would have done it. Europeans believe this is something they can work with. Vonnie what will europeans request of the United States, particularly given there is now increased sanctions on iran which impacts all the countries of europe, too . Maria exactly, and there could be more sanctions in europe. It is a good point you are making. You also have to look at this within the fact there was a fatal crash, there has been new information that shows perhaps the ukrainian plane was shot down by iran. We know this is something trump talked about yesterday. This is something the canadian Prime Minister said they had information that pointed that way and it has shifted the conversation in europe, where they are saying this is proven and this is something we can prove that iran shot down this plane. Inctions could be away europe. Ukraine does not belong to the you but does work closely with been some there has calling for an International Coalition to investigate what happened to the plane where tragically everyone died. Guy we leave it there. Thank you very much indeed. Bloombergs maria tadeo joining us out of brussels. Vonnie internal messages from boeing reveal unease with the 737 max jet, one pilot saying the airplane is designed by clowns who are supervised by monkeys. Lets bring in bloombergs George Ferguson who covers boeing. What is emanating from these memos . We could go into the details of that particular comment, but there is more in the memos as well. Learning there is a lot of discussion about how boeing employees were , maybe eventhe faa convincing them of things they should not be convinced of. It seems like these memos indicate the arrogance of boeing is pretty widespread. Focuso indicates that the on engineering culture seems to have been lost at boeing. Some of these memos remind us they were pushing suppliers to deliver things at prices they thought were unreasonable and time frames that did not work. Reminded that maybe there is a lack of focus on what is believable or not and what is deliverable or not. ,uy that is a focus on money quite incredible in terms of the culture. Recertification and the timeline towards it . George from what we have seen, nothing raises to the level of indicating there are other problems with the max that have not been addressed and we think are well underway to being fixed. I think it is more of a glimpse into the culture. Concerning his some of the x. Mmentary around the 777 it looks like there could be some of the same challenges that beset the 737 max could be leaking into the process for the 777x. Vonnie boeing is down 1. 4 today, but no matter how much ,ews we get about this fiasco this Public Relations disaster as well as human disaster, the stock is not dropping. Is that because those who purportedly would have been responsible are now gone . Why is that . George i think is because boeing operates in a duopoly with airbus. Even if airbus wanted to capture 100 of the business, they cannot. They do not have the capacity. If things get worse, it could be a different story, but where we are now is if you are an airline and you have an order with boeing, you do not want to get in the back of the line with airbus. You will probably not move your orders. It looks like the airplane we get certified and fly in fleets after they fix the problems. I think it is the nature of the industry. The new ceo takes over on monday. Is there a way he can kitchen sink this progress this process and get all of the bad news out . Happens monday morning when dave gets his feet under the desk . George i think he will have a lot to do. Repairing relations with the faa will be high on his list and changing the culture of boeing back to an engineering culture will be high on his list. That will be hard. I think they will want to take as many charges as possible as the year ends. They would like to put as much of these difficulties behind them as calhoun takes place so he can take the reins and change the discussions, talking about getting the max back into the fleet. Satisfied customers tried to turn a page. Vonnie thank you for your great intelligence. George ferguson of bloomberg intelligence. Guy, you want to check european stocks . Guy i think so. This is what the picture looks like. A flat session. The auction process did not deliver much. Volume is reasonably ok. It was a little confusing. I think to be honest what we learned once again is that middle east geopolitical events do not have the market effects you think they would. That is the closing price. A little bit of a dip, but not significant. We will talk about the payrolls and what has happened with iran, talk about the latest action at the top of the hour on the cable show on dab Digital Radio in the london area and around the world on your bloomberg devices. This is bloomberg. Vonnie live from new york, i am vonnie quinn. Guy from london, i am guy johnson. This is european close on bloomberg markets. Lets get a first word news update with courtney donohoe. Courtney the u. S. Labor market entered the year with less momentum. Employers added fewer jobs than forecast 145,000. Wages rose at the slowest rate since 2018. The Unemployment Rate remains at a halfcentury low. Iran is calling on western governments to prove their claims the ukrainian jetline was shot down. Leaders of the u. K. , canada, and australia say they have intelligence showing the plane crashed after being hit by a missile. The flash of light reportedly shows the mom to the missile hit the plane. The New York Times obtained the missile the video. Pelosirs expect nancy end her delay of President Trumps impeachment trial. She has not gotten any consensus any concessions from republicans and that has left allies questioning her strategy. She has not said when she will send her articles of impeachment to the senate. Northern irelands Political Parties are waiting to decide whether to restore belfastbased government. Northern ireland has been without a functional Administration Since the powersharing arrangement collapsed in 2017 over a botched green energy project. The deal promises support from the u. K. For big Infrastructure Projects if the government is restored. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am courtney donohoe. This is bloomberg. Vonnie we are getting an interesting headline. Nancy pelosi is said to be sending impeachment to the Senate Next Week. The impeachment articles. This is interesting because it is not clear what Nancy Pelosis strategy is going to be and there was a question mark of mitch mcconnell, whether there would be any coordination with the white house. Nancy pelosi is now sending those articles of impeachment next week without any notable concessions from republicans. We will be diving into what it means in just a few minutes. Time for the stock of the hour. Shares of grubhub falling after the food delivery said they were not for shale, pushing against not for sale, pushing back against media reports. Taylor riggs has more. Taylor we are now down 8 , and what a wild week it has been. Let me take you to wednesday when shares jumped almost 13 after there were reports grubhub was looking at being bought or looking at acquiring someone with a few additional gains. Today we are erasing half of those gains as grubhub has come out and said those reports are long. I want to pull up a statement by grubhub and talk about what they are saying. They are saying there is no process in place to sell the company. No plans to do so. We have always consulted advisors about a broad range of issues including advertising opportunity. We know the shares are falling on the news. I was speaking with jeffries yesterday. They are highlighting what a competitive market this is. You have uber, you have door cast, all coming in that are wellfunded. All putting pressure on the ebitda margins. Take a look at the margins and how it has been slipping for grubhub over time. Operational costs are rising as theyre are trying to maintain market share. We know grubhub has guided sales and ebit up margins lower. They face intense pressure. They have to work on building out some of their delivery Fulfillment Network to make sure they keep up with the other larger competitors. Guy great stuff. Thank you very much indeed. Grubhub is our stock of the hour. We will be back in washington in a moment. This is bloomberg. Guy from london, im guy johnson. Vonnie from new york, im vonnie quinn. This is european close on bloomberg markets. The big story until a moment ago when we learned nancy pelosi was going to send impeachment articles to the Senate Next Week was the new sanctions on irans metal exports and on irans leaders. Lets get straight to Kevin Cirilli in washington. He is with the u. S. State department spokesperson. Kevin we are here with a spokeswoman for the state department. Sanctions just announced. What is the goal to get iran to denuclearize . Morgan that is a great question. After all of the heightened tensions, a lot of people have been asking us what is the administrations policy. Your viewers will know that for the past year and a half since we withdrew from the jcpoa we have pursued a maximum economic pressure campaign. That involves diplomatic isolation and economic isolation in iran until they want to behave like a normal nation. The president said wednesday whenever he gave a speech he called on European Countries and other signatories of the jcpoa to withdraw from what he has always considered to be a fundamentally flawed deal. Your viewers should know there is no leading bank on the sanctions regime. If anything we are leaning in. Kevin we will talk about europe in a second. I was looking at my notebook. Construction, metal, eight senior iran officials. Toughs arguably the most sanctions ever implemented against iran to this point. Morgan not only that. We also named member of the Supreme Council leadership that are also being sanctioned. Secretary pompeo pointed out some of these people were directly involved in the Ballistic Missile attacks against United States. I would remind everyone that those missiles are in defiance of Un Security Council resolution 2231. There is a pattern of behavior of not complying with these international agreements. Kevin the administration is going to let u. S. Investigators look into that point. Morgan we think that is incredibly important. As soon as the ukrainian airliner crashed secretary pompeo tweeted his condolences. We never want to see the innocent lossoflife. We are waiting for an investigation. Secretary mnuchin has said whether it is americans, ukrainians the regime and denied in iran is still denying what all western countries have realized what happened relating to the missile attack. Kevin across the pond europe is gathering. How important is it for nato allies to cut economic ties with iran. Morgan there are a couple of big meetings. You have the europeans meeting in the eu capacity. Representatives from nato are at the state Department Meeting with our representative. President trump has always said secretary pompeo has talked about how crucial the mission is in iraq that america and our Coalition Forces are a part of. That is something we will continue to push, especially as america looks to implement the president S National Security strategy, which is focused on Great Power Competition with china. Kevin you mentioned troop presence in iraq. Pull out, no pullout . Morgan the secretary has been unequivocal. We have said we are there. America is a force for good. Any conversation we would have with the iraqis needs to not be about security, it also needs to be about a financial, diplomatic position. We want to be a friend, a partner, an ally to a secure and stable iraq. We have a caretaker government in power. The Prime Minister has resigned. He is an acting Prime Minister. We want to see a democratic resolution in iraq. Guy on the domestic kevin on the domestic front, the resolution in the house, do you think that will get any play in the senate . Morgan in my past life i would speculate as these things. Commenting from the state department, we will comply with any and all Loss Congress passes in the president signs. We are a ways away from that. Ga, appreciateorte you coming in on such a short week vonnie another headline. The u. S. s probate whether the russia is targeting joe biden in the u. S. Election metlife. The u. S. Is probing whether russia is targeting joe biden in the 2020 election meddling. Coming up on balance of power with david westin, plenty more on this story and of course the idea that nancy pelosi has asked jerry nadler to prepare for articles of impeachment in the senate. David from bloomberg World Headquarters in new york to our tv and radio audiences worldwide, i am david westin. Welcome to balance of power, where the world of politics meets the world of business. On the brief today, jordan fabian from the white house on Nancy Pelosis announcement a few moments ago that impeachment articles would go forward next week. Maria tadeo from brussels on european Foreign Ministers meeting to try to keep the european agreement with iran going. And Carl Riccadonna here with the u. S. Jobs report. It sounds like nancy pelosi through and the tile and said she would move forward on impeachment. What do we know . Jordan she wrote a letter to other democratic members of the house to say she is waiting to move forward with that. That will trigger the beginning of the trial in the senate. In the white house they will put it into high gear to get ready for that trial, putting their trial Team Together to come up with their arguments. Will introduce a bill appointing house managers. Give us the timeline. How fast could