We get prices down and yields up across bond. I dont know how long it can last, given the fact that we still are getting signs that there are going to be layoffs, and thinking in particular of delta coming out overnight and saying they may have to lay off nearly 2000 pilots after the september period. Ive got to say, still a lot of headwinds out there. Tom i agree. The partition of america is extraordinary. We just spoke to the congressman from the court could from the fourth Congressional District of arkansas. He made clear the economy is really good and sets up the inequalities and differences you see between democrats and republicans. Of course, our convention coverage. One quick point before we get to the complete data check, futures up 15. You looked at the brief for the morning. Lisa Consumer Confidence for there hasof august, been greater resilience than in coronavirus cases. After that, we get a tale of two markets. Roadforce. Has given a into the Consumer Confidence. As you me
Whether we are any closer to a phase one deal between the u. S. And china. The s p 500 hitting another reluctant record, i would call it, and u. S. Futures on the front foot. The euro study. We sought strengthen steady. We saw it strengthen against the dollar yesterday. 1070 right now. General concern about growth in u. S. Stockpiles, meaning it is trading at 56. 96. Coming up, we speak to the managing director of the fund,ational monetary Kristalina Georgieva. Dont miss that. Markets pushing down the 10 year treasury yield last week. Lets get the bloomberg first word news. Today, the public hearings of the impeachment inquiry start again. The u. S. House Intelligence Committee plans to hear from 8 witnesses this week. They are examining if the president lied to special counsel robert mueller. This comes as President Trump says he is strongly considering testifying in the investigation. The u. S. Reversing its stance that Israels West Bank settlements are illegal. The move is a big pol
To the president ial election. The pound is falling through a three decade low against the dollar, mounting investor concerns that the uk is headed for a socalled hard brexit. This follows theresa mays weekend announcement that britain would trigger its exit from the European Union in the First Quarter of 2017. David our top story is the slide in the pound and the path toward a hard brexit. Joining us from london, guy , and inand jon ferro france we have caroline hyde. What is going on with the pound . Bring us up to speed on the markets. Is this all because of theresa may . Uy basically, we are a lot warmer over here now in the united kingdom. That is probably the message around the world. The town has been bubbled tumbling. We are back to levels we last saw in 1985. We were pretty poor them. It is not summoned to write home about. Financial markets believe we are going to be seeing a harder exit than had been previously priced in. The market has been pushing down toward a 125 level.
Z [captioning made possible by bloomberg television] first from our a. I. G. Results weve carol master. Here are some of the headlines for this hour. A. I. G. Host posted a Fourth Quarter profit, and is cutting about 3 of its work force. And we will be interviewing bob ben moshey later this wour. Meanwhile, roisk for the uarter is 4. 6 billion. Nd bowing to pressure from his will the president resign tomorrow. It has been a very good day generak. He company is up more than 13 . The president and chief constitutive joins us now from milwaukee, wisconsin. It is great to have you with us. Tell us what is requesting 0 going on with the company right now because of the demabbed for your products. Having me. Imm, for were very busy as we have been the last couple weeks. The Winter Weather in the u. S. Has been pretty dreadful if youve lived through it and been causing a lot of Power Outages. Pennsylvania last week with the ice storm, the southeast this week moving up the coast here as well,
Billion Share Buyback. Results, and yet you have had to announce a reduction in your workforce. What happened . We got to manage the efficiency and productivity of our company. We spent a lot of time moving people to lowercost locations. Tennessee and other locations across the United States. We have a wonderful relationship , so we are moving people out of cities into the lowercost cities and some offshore as well, so when you do that you bring the first wave, keeping the older people in their jobs until were ready to make a smooth transition. The of that is dealing with dual jobs in parallel. In addition we are looking to empower our people more so they dont have eight or nine levels the organization. We are going to look at control. To make sure our employees are empowered and dont have many places to go to get a decision, because thats what our clients want. They want an empowered culture. Thats where we have been, and we need to restore that and make sure they can get a decision f