And the attention turns to the whistleblowers complaint in the latest twist in this impeachment inquiry. And Boris Johnson faces the angry. So disagreed with the governments commitment, they could have voted for a general election welcome to street signs. Political uncertainty on both sides of the atlantic this week. Before we get to that, there are some key corporate stories Imperial Brands is flat. Ecigarettes are under threat. The companys stock is now down 9 this morning. British American Tobacco down almost 3 . Fullyear operating profits will come in at the bottom end. British education came in weaker than expected on the course web business you can see it trading down more than 6 . In the airlines sector, recent pilot strikes forced iag to issue a profit warning the airline said adjusted profits will be 215 Million Euros lower pilots have already walked out two days theyve canceled strikes scheduled for tomorrow finance damage has already been done back to the politics President Trump asked his ukrainian counter part zelensky to investigate joe biden and his son according to the notes from the phone calls released yesterday. Five pages of notes state, quote, do whatever you can to find out about the bidens, he offered his attorney a whistleblower formally complained about the content of that conversation. President trump defended his conversation while he sat beside the ukrainian leader he was disappointed the summary of their previously private conversation had been made public i dont like the concept of releasing calls. When a president or leader or king or queen calls the United States, you dont want to say, gee, we are going to release your call and make you look like a fool i hated it zelensky told the un assembly that ukraine needs the help of the world. Given this episode, how likely is that to happen . It is likely. Quite frankly, what he probably meant was, ukraine needs the help of the west it is at the center of a geopolitical tug of war. Ever since the end of the soviet era, the orange revolution, now the zelensky period as of earlier this year. This country remains at the center of a battle between the west and perhaps the russians as well that was graphically demonstrated by the fact that russians invaded at the weakest point in 2014 and annexed crimea what mr. Zelensky means is, dont back out on us now that is one layer. There are so many layers every time i come back to this country, i learn more about the various layers of influences and concerns one of the great concerns of this country as well asfreeing itself from the russians and also having a strong relationship with the russians that is very important, they need western money they need to vitalize their military that takes us back to one of the key issues where 391 million of aid were withheld. The question is was it withheld on a quid pro quo basis with an investigation of the bidens. Lets listen to a little more of what mr. Zelensky was saying at the un general assembly. Have you felt any pressure from mr. Trump to investigate the bidens i think you read everything, you read text. Im sorry, i dont want to be involved to democratic open elections of usa you heard, we had i think, good phone call it was normal. We spoke about many things i think, you read it that nobody pushed me. Yes. True try zelensky doesnt want to be involved in u. S. Politics ever since i can remember, u. S. Politics have been coming here and getting involved there were famous tapes released between the then ambassador in 2014 about who they would like to see the former government i met here john mccain who had Strong Influence here as well. To the biden story, the allegation is that joe biden used undue influence to protect his son hunter biden from prosecutor general who was going to be looking at a gas and oil company of which hunter biden was a board member joe biden made himself the point man for Obama Administration between them and ukraine hes been seen as a barrier to fighting corruption, unless you fire this gentleman, then well not give loan guarantees but there was nothing there about protecting his son people are saying, it was clumsy and looked like a violations apparently Rudy Giuliani in his capacity of private lawyer has been investigating and trying to built links in this country to find out evidence to suggest that this was ill doing on the whistleblowing of Paul Manafort this comes back to was Rudy Giuliani doing the bidding of President Trump and was President Trump using his office to conduct private affairs averse of what the country really needs in relationship to ukraine. There is a lot of conflict of interest questions and then the question of impeachment as well. Im joined by energy of Department President of the university thank you for being with us. Do you expect details to come out in the coming days that could be more damming for the u. S. President we have to look at the report and then the transcript. This is not even a transcript but a series of notes. This is a memo. There is a full transcript yet to be scene. As i understand it, the whistleblowers report contains more information the lawmakers in congress have already seen the whistleblower report but havent made it public more is going to come out. From what youve seen of this president s behavior in office, do you think hes likely to help himself or dig the hole even deeper they seem to have been taken by deep surprise. The panicked email suggest they are in full crisis mode. The white house sent out talking points intended for republican members of congress they sent them to democratic members and then recalled them you think that is indicating what caught by surprise. There wasnt a wellthought out plan for any of this coming out at all i think President Trump comes out any time there is a hint of a scandal with great levels of aggression against his opponent. This chimes with the kind of Broader Campaign against the democrats hes been waging for some time. That is this is the far left, the deep state against real america. Hes going to try to spin it to his advantage. What hes done is now hes turned his attention to the whistleblower he said who is this person is he or she lawyer . Where are they from . Are they a hyphenated american or something and whereby their loyalty of the United States hes trying to shift the turf to outline hes against the left, against socialism and against the deep state and for the american people. Hes spinning it for 2020. Lets talk about the implications you mentioned that President Trump responded forcefully and aggressively he tends to do that. Nixon in the past, resigned before an Impeachment Vote trump has shown no indication of that do you think that the centers required to actually convict him of high crimes and misdemeanors would be willing to do that . I think it will be difficult but theyll be watching where Public Opinion heads what well see is, they want to hold on to their seats they will decide whether they are going to ditch the president. Weve seen the senate vote for the release of the senate. Mitt romney has been closer to trump lately this is the general feeling from el paso and the massacre in that city that President Trump is threatening order. One is globally. Look at iran, there will be a war, there isnt going to be a war. Look at venezuela. The ukraine situation plays into the whole situation with president putin too. There is a feeling there is a disorder and discredit coming to the u. S. And at home, a very large amount of concern. Over the next six months, looking at this situation, do you think this impeachment inquiry has the potential to completely derail the agenda in terms of health care reform, Student Debt Relief and immigration. Is that all going to be pushed aside and the president will be focused on this . The president has been mired in investigations about everything do with his private life, his business he loves crisis. He thrives on crisis, he courts it he will try to leave to the maximum effect and to some sense of what hes already carried on. For the democrats, this could be a dangerous position they want to maintain a National Security oriented impeachment articles President Trump has no restraint. The United States has electorate of population, the working people President Trump tries his best to rile up the option as much as he possibly can. I dont think hes going to stop that democrats are in a dangerous position a lot of his base want to focus on that more thats the territory which they feel they are most allied to most strongly and most likely to get most traction. Thank you for joining us. Lets check in on european markets. It looks like a pretty positive start to the day the ftse 100 trading. 75 higher the dax is higher and cac up, ftse mib up a half a percent Imperial Brands has seen two billion pounds wiped from its cap already. Thanks to the challenges that egre ecigarette units will face. And juul announced the departure of kevin burns and fill lip more is and altria call off a merger. More on squawk on the street at 15 00, that is 3 00 p. M. U. S. Time iag lowers profit warning. The suggest operating will be 215 Million Euros lower, this follows the walk outs that led to canceling 4,000 flights the group warns that any further action will hurt things more and have an adverse effect on its results. Pearson has also warned profits will be at the bottom end of the range. The british education business warned of lower. And dutch prosecutors suspect the bank delayed reporting or failed to report suspicious transaction and clients and alleged links to terrorism the bank said it will cooperate fully with that investigation. Coming up, a shock resignation from the ecbs board. Well discuss whether that pushed the german representative touith j qt atob beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. At cdw, we get that trying to simplify data storage can get very complicated. But cdw will assist your needs and implement a dell emc unity xt allflash unified storage platform. It delivers speed and efficiency, while providing simplicity and flexibility. For unified storage platforms, you need dell technologies, and it orchestration by cdw. Go where my baby lives b[ growl ]olle s good boy. Hey. Hey. You must be stevens phone. Know whos on your network and control who shouldnt be with xfinity xfi. Simple. Easy. Awesome. Welcome back to the show. Saying the fed still has, quote, a little more to go with rate cuts he said he favors another quarter point move later and cautioned against driving rates below zero and said, quote, one of the biggest risks we face is falling into the kind of negative rate trap you see in europe the new york fed is said to introduce cash injections. The market arm of the Federal Reserve will today double the size to 60 billion. Increasing the amount of cash to overnight loans to 100 billion. Only ten days ago, the fed intervened for the First Time Since 2008 germanys represent on the ecb board has quit in a shock move believed to be in protest to the latest bought of easing the cut of rates has been attacked by some in germany. This comes weeks before Christine Lagarde takes over as ecb president. What does this departure potentially mean for the central Bank Reporter it is not a good sign for the ecb the ecb has been trying to convince the german public about the need of further monetary easing for quite some time it does not go down too well with people in general remember, we had that thing in the build side of the german tabloid the day after they announced the restart of the quantitative easing. The departure now close to the policy again deployed by the ga quantitative easing. On wednesday, she announced her departure on the evening of that nonpolicy meeting inside the ecb. Potentially, it shows she doesnt think Christine Lagarde will deviate a lot from what draghi did in the last eight years as well. So bottom line is, there needs to be a replacement. Some names are already fluctuating in social media. The current president of the bundes bank. Others in the educational world. It is early days to say. The bottom line is that the ecb is again hurt when it comes to its public reputation here, which is the Biggest Country of the eurozone, back to you. Thank you for that live the Inspector General said the Quick Response of the attack has been crucial to the policy saying theyll do whatever it takes to insure late oil from politics someone who knows a little about this the ceo of International Sea ways operating over 40 oil tankers, some of which pass through that key strait of hormuz in recent months, weve had shipped seized and harassed in that region. I wonder whether the security concerns prompted by those incidents are different from those at the height of the somali pirate situation. I would say they are different nuances to each of those. In particular, when we are going to enter the strait of hormuz which we are doing now every time, we have a security assessment there is a tightening of security on board the vessel we put on additional staff on board so you have extra eyes and ears to see anybody approaching. Foremost, we want to make sure our sailors are safe, our vessel is safe and conduct our commerce we hesitate to enter until we have orders from our customers that they are ready to load and then we go ahead and go into straits. I asked you years ago, there were vessels putting on guards that is something you are not considering in this instance we are putting on is additional advisors but we are not arming our vessels when you are talking about things like your premiums, do your underwriters say, great news, we can charge more they are running a business they want to make sure their assets are protected as do we. It does cost more to enter the strait of hormuz at this time. All of this concern adds cost to getting oil out of the middle east adds cost, does that help your margin when we see the kind of spike in crude prices you are not just shipping crude. You are using fuel to move these boats around for us, our very large crude carries are the ones that will be loading in the middle east. For those vessels, the heightened incidents for example, the disruption in saudi because they have been able to come back to such an extent and deliver crude from their inventory, there is only a small amount off the market, then they are able to pull from the u. S. Gulf, brazil, west africa. That helps our market. When you look at the price drive from that region, how does that affect your business on the day to day and the approach towards hedging against price hikes . One of the ways we are hedging, imo is coming january 21, which will require all shipping containers to lower sulfur content in order to prepare for that, we are installing scrubbers, that is a bit of a Natural Health to the higher price hikes to lowsulfur crude between higher sulfur and low full f sulfur, do you think there is enough layout what these new impl implications are we have been preparing for this for two years we vested to prepare for the upside essentially, there is about 4. 5 million a day worth of bunker fuel required for the world by chipping market Something Like 3 million of that demand will drop away come january 1 and shift to this. 5 sulfur which competes with diesel oil there are a lot of creative ways to meet the. 5 sulfur requirement. You are seeing the market respond. I believe there will be enough market but a lot of volatility in the spreads Going Forward by doing 10 frvs, that is only 40 of our fleet we believe that is a bunker. Thank you for joining us. We appreciate your time. Ceo of International Sea ways. Comeli coming up, Boris Johnson tussles with lawmakers man can i find an Investment Firm that has a truly longterm view . It begins by being privately owned. With more than 85 years of experience over multiple market cycles. With Portfolio Managers who are encouraged to do whats right over whats popular. Focused on helping me achieve my investors unique goals. Can i find an Investment Firm that gets long term the way i do . With capital group, i can. Talk to your advisor or consultant for investment risks and information. Welcome back to street signs. Im willem marx here in london a string of profit warnings hit europe with 2 billion pounds of profit wiped as the u. S. Cracks down on vaping British Airways owner iag warns pilot strikes will hit profit and a warning that pearson raises nearly 1 Million Pounds off its value. A report that President Trump pressed ukraine leader to look into actions of joe biden. And Boris Johnson faces a group of angry mps as Parliament Reconvenes for the first time. If the parliament so disagreed, they had a simple remedy at their dispose al, they could have voted for a general election european markets are moving slightly higher over the last few minutes. Even the ftse 100 trading up almost. 9 and the cac higher creeping up there. In milan, trading up higher. Lets look at where the u. S. Markets are ahead of the open there. The nasdaq looking to open slightly softer, the dow jones and s p 500 looking at this stage to be higher sticking with the u. S. , Chinas Commerce Ministry says it is in close communication with the United States as preparations for the china talks continue theyve made signature cant purchases of soy and pork which they say are skremt frexempt fr tariffs. Trump claimed beijing wants to make a deal because china is losing jobs because their supply chain is going to hell right now, china is way behind us. Weve picked up trillions of dollars. Theyve lost trillions of dollars. They want to make a deal very badly. It could happen. It could happen sooner than you think. The u. S. And japan have signed a limited trade deal on the sidelines. Including a cut in tariffs on farm goods and japanese tools. The deal does not cover cars and that cover a large area of trade. Robert lighthizer said both sides would commence discussions in april a new deal suggests the threat of a 2020 recession is real projecting Global Growth to fall to 2 as compared to 3 as u. S. And china remain locked in a trade war, germanys market continues to weaken. In order to boost growth, the u. N. Is calling for action on what it calls a global new green deal joining us, our guest thank you for coming in. This report outlast night talks about the financing, if you could explain with Broad Strokes what exactly the u. N. Hopes to see by, say, 2030 . To put it in context, the World Economy as you said is in trouble. The traditional instruments are not working. Central bankers are very worried about their ability to return any funding. Most of them fail to recognize the need for Government Spending, to address issues of inequality we believe you can tie those measures to actions to what everyone now realizes is a crisis to environmental break down we want to tie the economic anxiety we have seen since the crisis of 2009 to this crisis everyone recognizes now. In terms of actual measures, we want to see increased public spending in terms of the shift to Renewable Energy away from carbon fossils as the basis of energy changes, et cetera. This is a Huge Investment drive we need. Bankers have talked about billions to trillions. Weve talked two to three trillion a year. Bernie sanders has recently come up with a Green New Deal for the United States he estimates at 3 trillion to 6 trillion a year at the heart of your deal, is there not an acknowledgment that the private sector cannot achieve this on its own . Exactly it is private finance on this. Private investment will have to be an important part to the solution of the problem. We think private investment will be crowded to the area, if you have a very large public drive into renewables and efficient use of energy. It is not that private input isnt a part of the solution it is part of the solution it seems to me, you are essentially siding with a lot of the central bankers weve heard from saying, the policy will never be enough. Then you hear politicians saying tax cuts arent going to, quote cut it this is about spending and fiscal stimulus. It is about fiscal stimulus and tax spending underlying all the talk about trade wars, there is a problem of weakness of overall Global Demand unless governments tackle those problems, those will remain weaker in the markets. Problems around International Debt and clashes weve seen. We feed to address that problem. The way to do that is through targeted Government Spending at this bigger problem. I want to pin you down on where youve seen this work or might work is the series of announcements, is that moving in the right direction . Is that moving in the right direction . We dont think it is to the kind of scale we are talking about. If you believe the science, there is a short window and that window is closing. Those are the right kinds of policies we would like to see more of. But, you know, we are talking about significant shift in terms of the structure of production, the structure of consumption it requires more effort than weve seen from politicians and International Policymakers today. You are right, thats the kind of shift we would like to see. Ill say for your viewers. If you close your eyes and tomorrow corbyn is the leader of england and alexandria ocasiocortez is leading in the oou u. S. , thats great theyve be working towards a deal but all of the things consumers want, they want cars and green machines all of those things in the past will lead to serious environment break down the big question is what will happen in the developing world over the next 10 to 15 years and whether the advanced economies will help them to make the shift of sustainability in the environment. Thank you for coming. Appreciate your time the director of division of globalization and Development StrategiesBoris Johnson amid the mps as they sat for the first time repeated calls for a new election and said he would refuse to ask the eu for another brexit extension several mps criticized his rhetoric our preparations are very far advanced i think this country can be entirely cost well be ready deal or no deal. On this point about whether we are ready for a deal or not, it is true negotiations are difficult but we are making progress all i will say to him and his friends, they have not been made easier by the surrender act. Talking about that saying the Prime Minister showed contempt for british democracy. Here he is forced back to this house to right fully faced the scrutiny he tried to avoid with no shred of remorse, humility and no substance whatsoever lets see if he will answer some questions. Does the Prime Minister agree with his attorney general that the government got it wrong or with the leader of the house that the Supreme Court the Supreme Court committed a constitutional coupe this mr. Speaker is a vital question about whether the government respects the judiciary or not that was last night, Boris Johnson continued talking until nearly 10 00 and then they went on until midnight. They have already reopened you can see the speaker there, bercow saying the house of commons did it selfno credit. The atmosphere there he said was worse than ive seen in my 22 years. That is labor mp addressing the front bench. He really pinned Boris Johnson down on the socalled bend legislation that seeks to preclude the nodeal brexit. The Prime Minister said le not seek an extension as required if the house of commons does not pass a new deal. Coming up on the show, hey way official says he wants to license the 5g technology. More after this break. Do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. danny s voice of course you donte because you didnt . Your job isnt doing hard work. Its making them do hard work. And getting paid for it. vo snap and sort your expenses to save over 4,600 at tax time. Quickbooks. Backing you. Welcome back. Huawei ceo says he wants to license the companys 5g technology to one single competitor, ideally one based in the United States. At the huawei complex in china what possible rational is there for this proposal . Reporter let me set the contempt about what 5g is and how it works 5g will be made up of a ton of hardware increasingly, it relies on software as well essentially huawei is set to make the supplychain he said he could package all of this up and sell the license to a u. S. Competitor. Saying in europe you have nokia and ericson and samsung but there is no competitor in the u. S. This comes as huawei continues to feel pressure from the government this will calm down some of those fears. Lets listen more about what he had to say translator would only would like to offer exclusive license to one company in the west is exclusive license so that it is able to achieve economy of scale to support the business. With this one company, i think it should be a u. S. Company. In europe, theyve got the 5g. In japan and korea, theyve got their relevant technologies. When they are optimizing, they will make adjustments accordingly. The u. S. Is not having it. I think we should give exclusive license with one u. S. Company. They should be able to compete with us around the world reporter he is arguing that by doing this, the u. S. Could create some rival or competitor to huawei. This could be a new Business Opportunity as well. When you look at standard patrons, these are critical. Carries around the world will have to carry these. Huawei is the biggest holder of 5g and also licensing tech to the u. S. Could open new revenue stream this comes amid the pressure of the u. S. Accusing huawei of being a national threat. These are allegations huawei has repeatedly denied. Huawei is also sitting on a black list that restricts business with american companies. It holds over 50 commercial 5g contracts. It is not all doom and gloom back to you. Thank you for bringing us that the huawei ceo will speak exclusively to cnbc reporter next week. Dont miss it. Meanwhile, President Trump pressures ukrainian president tore investigate joe biden and his son according to notes from the white house. The report says the president said, quote, do whatever you can to look into the bidens and even offered the help of his personal attorney how much support is there for fooe impeachment and does it matter if youve still got 53 republican senators . A great question. That slow burn has started to take off according to nbc news, our count shows the majority of house favors some act of impeachment our count is up to 220 that is 219 democrats and one independent, former republican we dont know at this point. Republicans seem to be acting like this is no big deal to them what happens if and when the house of are especialrepresentas approve articles of impeachment and pushes senators to act what do they do at that point if it is nine, 10, 11 months out from the election and they are having to decide whether it is best to stand strong and either vote to not impeach. Mitch mcconnell could not even conduct a trial. So much open and democrats are realizing at this point that now that this train is rolling, they think that anything can happen thank you so much for joining us there live very early in the morning for him. Lets look at u. S. Futures very early in the morning a few hours to that market opens up it looks like the nasdaq will open higher. The dow jones up 60 points at this stage the s p 500 up slightly higher that is it for our show today. The Worldwide Exchange will be coming up in a few minutes time. Do stay with cnbc. Here, it all starts with a simple. Hello hi how can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. It is 5 00 a. M. Here at cnbc a possible day of reckoning for President Trump. The key whistleblower could come as soon as today. The president trying to change the narrative for your money, giving investors new hope maybe over trade deals with japan and china. But some mixed messages overall. Very different takes on the u. S. Economy and the help of the consumer if