Tom and then you see the parsing of debate between ed morse of citigroup and Dennis Gartman of the gartman letter code right now we need to get to our news from our desk. Here is vonnie quinn. Vonnie it is chaos for house republicans. They now have no clear leader and they have to raise the debt ceiling within four weeks. Kevin mccarthy took himself out of the running yesterday. Kevin mccarthy if we are going to unite to be strong, we need a new face to help do that. The conservative caucus did not want him to become speaker. John boehner was planning to leave at the end of the month, but he will stay on as speaker until a successor is chosen. Russian says some missiles are not reaching their targets in syria. Rockets fired from russian ships in the caspian sea hit iran. Insident obama will be oregon today to meet with survivors and relatives of those killed in the campus shooting last week. Not everyone is pleased about the visit. The region is rural and conservatives. The region is r
pretty bad. Imf world bank, not many phones. Not many planes. Tom we have news right now, this does continue on, we are now indicating challenges. German confidence is actually very very low. Emerging markets and also because of the influence that russia is having in the middle east. Expecting 6. 5. Tom you see that in futures as well. You see it in yields. Breaking also getting news from volkswagen, so they are progressing 1 billion a year. Tom vonnie quinn is in new york. Vonnie good morning. There has never been anything like this in the brewing industry. Sab miller is being bought by ab inbev. One out of every three beers sold will come from one company. In china, imports are now on the longest losing streak, they fell for the 11th month in a row. Plus, domestic demand in china has been falling. There are reports that Russias Embassy has been hit by fire. A Russian News Agency says there was damage but no injury. There is report of Russian Military action in syria. A newrland is im
Probability. Hes joined the optimists. Hes like ok, bill, catch up. Nice. Francine we also have to talk about bangs after the Financial Stability board made it real. Banks have to hold this amount of money. Tom isnt that a fact, francine, the swiss banks are ahead. Everybody is chasing zurich, am i right on that . Francine you are right but they have much stringent rules and has been the last couple months. Tom do people know were on speaking terms unlike me and vonny . Francine is that for real . Tom francine, how cool is that . Francine lets get the bloomberg first word news. Good morning. There may an crackdown in the wake of the british plane crash in egypt. The Officials Say the crash was caused by a bomb. The u. K. Secretary says higher levels of security may be needed and could be more delays in airports. In the u. K. , Government Agencies say budget cuts. There is a plan today the treasury of the department that transports local governments and environments will have their budg
Tom keene in new york. Equities are focusing on m a. Tom yesterday, markets were subdued. A continued slowdown off of thursday or friday. Maybe off the reality of how entrenched europe will be. The photo at the beginning of the show of the two chambers of the french government meeting with mr. Hollande was quite something. Francine it was. Now the shift we see towards russia may happen in the next couple weeks if not earlier. At least they have a common fight. Investorhe german zew expectations, and little less than we were hoping. Lets get news. A second day, french planes attacked Islamic State targets in syria. The french say they destroyed a command center and training site, part of frances response to fridays attack. Francois hollande is calling for a u. S. Russian alliance to defeat Islamic State. Them and alliances needed to destroy the terrorists. President obama has rolled out the possibility of sending Ground Troops to syria and iraq, calling it a serious mistake i will commi
Approach. How about some first word news from vonnie quinn. President obama urging turkey and russia to put aside their disagreements and focus on defeating the Islamic State. The president met with turkeys later today. The diplomatic crisis arrested after turkey shot down the russian war plan last week. Its threatening to undermine president obamas efforts to expand the Usled Coalition fighting Islamic State. Now, than 90 minutes from the president will hold a News Conference in paris. You can watch that right here on bloomberg tv beginning at 8 25 eastern. Commonsn, the house of is excited to vote tomorrow on Islamic State. Cameronnister david called the vote, he wants british warplanes to begin bombing Islamic State forces in syria. This led to a split in the opposition labor party. Opposes theader attack. Other Senior Labor Party members are in favor. And the u. S. Is making it tougher to enter the country. The government adding new screening requirements to program that lets peopl