Government, created by americas Cable Television company as a public service, and brought to you today by your television provider. We will play you some of that speech from joe biden from yesterday afternoon and the reaction at the white house from President Trump as part of his interview last night with Laura Ingraham on foxnews. Headline, biden confronts trump on safety he cant stop the violence. Joe biden charged that crises kept multiplying under trumps watch with it ever to refocus the spotlight on the incumbent after a week of republican attacks. Here is a bit of what joe biden had to say. The job of the president is to tell it straight from the shoulder, tell the truth, to be candid. Face the facts. To lead, not to incite. That is why im speaking to you today. Of the current president is incapable of telling us the truth, incapable of facing the facts. He doesnt want to shed light, he wants to generate heat. Stroking violence in our cities. Host reflecting joe bidens words, the
Impeachment with Speaker Pelosis commemorative goldembossed signing pens, the solemn march as the articles are walked over to the senate, that whole charade breathlessly covered by the trumphating media, wall to wall coverage for all of that but very little for this. The china trade deal, historic event, redefining the way trade deals are negotiated and structured. That was a big plus for america. And thursday, virtually no coverage for usmca, another trade deal that helps our economy. In fact, none of the three broadcast Networks Even mentioned it. And politicos first headline, major win for trump, that really changed fast to Senate Passes usmca, much work remains. Can you believe this . We are very glad that you are watching us. So look at this. More stock market records are acoming. Big Companies Reporting solid profits and we appear to be in a meltup mode again. The dow is up, what, 270 yesterday, closing just shy of 29,300. Any gain at the opening bell today means another record.
Giant nothingburger, to paraphrase his remarks. Meanwhile, there has been no significant departures of support coming from republicans in the house of representatives. Members of the conservative house and copies have said that Speaker Nancy Pelosi rushed to judgment. We have not seen significant departures of support in the republicans coming from the senate. Even one of the most tepid criticisms we have seen coming from senator mitt romney, a frequent critic of President Trump come republican from utah, said it was deeply troubling, but would not go so far to endorse impeachment. Democrats for their part say this definitely emboldens their cries for there to be impeachment proceedings. We dont have a clear timeline on what is next. What we do know is that likely the administration and department of justice will have to hand over the was a lower complaint whistleblower complaint that started all of this ukraine chatter, and that we could hear testimony from the whistleblower as early
Francine welcome to bloomberg surveillance. These are your markets. A lot of focus is on the Corporate News and a lot of the focus on the data we have from the u. S. European stocks are pretty much unchanged. Technology stocks are better than expected. But some of them are still disappointed. If you look at it, a lot of it is stock by stock. Eurodollar at 1. 1134. And then you can see the pound at 1. 2428 after jeanclaude said no. Coming up, right here, we hear from the renault chief executive. That interview in around 15 minutes from now, plus, we speak to the u. S. Secretary of state, and later on, to the starbucks chief executive. All of that coming up and much more. Lets get straight to first word news in london. Governments need to pitch in with fiscal measures if conditions in europe keep deteriorating. That is according to mario draghi. He signals more monetary support in september buts comments suggest the central bank is getting close to the limits of its power. The outlook is
German Business Confidence for the months of february is at 105. 7, a touch below what economists had forecast. 00. 6. D a figure of 1 its below expectations. As we are seeing yesterday with those pmi numbers out of the eurozone. We are seeing a little bit of crunch as weakness in the Global Economy is starting to affect the european region and germany as well. 1. 1028. See euro at we are getting breaking news out of christine lagarde. We will monitor the news we get from her purchase talking about the gcc countries. Stocks falling overall globally. Over renewed concern over the strength of the chinese economy. Stoxx 600 down 0. 2 . The shanghai composite was led lower by a lot of the financial and industrial companies. After the central bank in china weakened the yuan. The pound declining. Crude slumping. Lets get on to the second board. Rick off mo risk off moved. The pound had to do with brexit. I want to show you two stocks that reported earnings. Cutting its dividend. Standard cha