Way. We have moved past watergate into floodgate. This was an incredible day. We heard live testimony today from the key man in the middle of all this. Trumps ambassador to the eu, Gordon Sondland. This is not a never trumper. This is not a civil servant. This is not a democrat. This is one of trumps wealthiest donors, a wealthy hotel magnate, who was given the position after he donated a Million Dollars to Trumps Campaign fund. He was the quid pro quo in the quo. So today sondland took the stand and said this. I know that members of this committee frequently frame these complicated issues in the form of a simple question. Was there a quid pro quo . As i testified previously, with regard to the requested white house call and the white house meeting, the answer is yes. Jimmy and just like that, Donald Trumps defense disappeared faster than he downs a bucket of kfc. It was [cheers and applause] i mean, it doesnt make sense. Its, this doesnt make sense. He tweeted so many times, there was
Breaking news now at 11 00, several people killed, several injured at a home in fresno. What police say happened just before bullets started flying. Plus, here we go again. Strong winds in the forecast has pg e warning that hundreds of thousands of the customers could lose their power yet again this week. A look at how soon the lights might go out. Reporter an ice cream shop owner has posted a reward after an ugly act of vandalism in the mission district. Good evening, im brian hackney. And aisle juliette goodrich. We start with that breaking news. At least 4 men are dead, 6 other people hurt after a shooting at a home in southeast fresno. Police say it happened during a Football Watch Party saying 1 or more gunmen snuck into the backyard and started shooting. They say several people were taken to the hospital in critical condition. Were going to go after every Investigative Lead we can to find out who did this and why. Reporter officers say dozens of people were at the party including
Entirely on incoming information that bears on the outlook of the economy. Regard air in this vonnie you are the david you are the expert on the white house. Square this for me. The president tweeting he had a good and cordial meeting with jay powell, everything was discussed including interest rates. How could it have been a good and cordial meeting if the president says he hates everything jay powell has to say. This in terms of the rhetorical approach chair powell has taken an President Trump. If it is a less than 24 hour window where we saw this illustration with president President Trump speaking at the Economic Club of new york that criticized powell and then the chairman testifying in a consistent tone, a apolitical tone before members of congress. What you are hearing based upon the dueling statements is the fed chair continues to strike that consistent fed chair town we have all come to expect from the central bank and President Trump continues to raise his concerns that he ha
The aramco ipo will be a local event. The Worlds Largest oil company has decided it will not market shares to american, canadian, european, or japanese investors. Instead, they plan to rely on ultrarich saudis, most of which have impressed to buy shares. Regulationsosening to allow locals to buy more stock. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. 1 00 in new york,alysts in oves 6 00 in london, 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories from around the world we are following. U. S. Stocks in a range as investors weigh on trade update. President trump and secretary mnuchin meet with jay powell to talk about the u. S. Economy. Our conversation with u. K. Leader jeremy corbyn. How he plans to nationalize key industries, should he win the general election. And in o
Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is