Good morning, everybody. You are watching the pulse. We are live from Bloomberg European headquarters in london. Also coming up is one of the deadliest jobs. Why crab fishermen risk injury and death. First we will begin our top story today. That is barclays. The bank announced a strategy revamp. I asked the ceo Antony Jenkins in the last hour if the bank can still compete on a global stage. We absolutely believe that we will be competitive as we are today. In the market, with the clients we choose to serve. Thatready have positions we are going to retain in the u. S. And u. K. And that is where our focus is going to be. We are confident we can continue to compete. We created barclays noncore, a set of assets we believe are no longer strategic for the group. We are confident that we can reduce those assets over time from about one hundred 15 billion pounds of risk weighted assets to 50 billion in 2016. If you are shrinking it by that much, how do you think you can still compete . You ar
To understand your will, and make the commitment to follow your leading. Lord, give them the wisdom to live in harmony with one another, so that together they will strengthen america. May the weapons they face fail because of the shield of your divine favor that protects them. Sustain them in their going out and coming in, in their rising up and lying down. Instruct them in the night seasons, providing them with wisdom to illuminate the darkness of our world. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Reid mr. President . The president pro tempore the majority leader. Mr. Reid i now move to proceed to calendar 428, the appropriation matters that we will work on. The president pro tempore the clerk will report. The clerk motion to
On the latest snapshot from the federal reserve. Bloombergs washington correspondent peter cook has the details on the release of the latest beige book. Good afternoon. A pretty upbeat picture of the u. S. Economy in this latest a book. It was compiled by the new York Federal Reserve information 23rd. H may all 12 districts report Economic Activity expanded. Seven report moderate growth. Only kansas city reported growth slowing during the. Consumer spending helping to drive that growth. Especially car sales around the country. Growth with aof mixed performance among nonauto retailers. Risk growth in vehicle sales and moderate growth in tourism. Sales did lag behind somewhat. Words and picking up on the eastern seaboard. Service sector activity grew most districts. There was good news on the manufacturing front. Manufacturing activity expanded in all 12 districts since the Previous Report with a pick up in the pace of what was reported in several districts. You had activity expanding ro
Example of the bureaucracy of the government. So many levels of management and no one does anything. President obama is requesting a nearly 4 billion of emergency funding from congress to address the influx of children coming across the u. S. Border. Heres more about that. The administration has requested 3. 7 billion of emergency funding from congress for stopping some of the influx of children dealing with the situation along the southern border with mexico. Laura is with the wall street journal and writing about the story, what is in the administration request to congress . A lot of the money is to house the children and families crossing the border. That is where the crisis has been. A huge influx created children traveling alone and adult traveling have come across the border. And in each of those cases there are sort of special needs for housing them and the administration is not able to handle right now and that is what a lot of the money would go to work. The white house propos
We remain to work in a bipartisan manner to achefer these objects. Thank you to both of you for your testimony. Mr. Hochstein, you talked about the things that ukraine needs to do in order to reform its energy markets. This is the most energy inefficient country in the entire region and ill direct the question to you but happy to have mr. Yee respond as well. The reforms they need to need take are dramatic and the effective of those reforms done too precipitously is perhaps too destabilizing in a country that doesnt need much more instability. The vector between what gas prices are today and what they would be without the subsidy is enormous. The amount of money they have to spend on reengineering this wildly inefficient soviet Energy Architecture is essentially almost a rip down and build back up proposition. So, how do we ask ukraine to do this without requiring them to spend money they dont have, and impose price increases on citizens who are right now looking for reasons to be conf