Of a very busy newsweek for the president and his attorneys. At. Trumps week began with Opening Statements on monday in his criminal trial in new york which was followed by the prosecution calling its first witness. David pecker, over the course of four days he testified about crucial 2015 meeting between himself, trump and trumps then personal lawyer michael cohen. Prosecutors allege that it was at that meeting that the trio hashed out a plan to help trumps political chances by suppressing potentially scandalous stories about him. That strategy came to be known as catch and kill. Now it may not seem like there are any similarities between trumps criminal trial in new york and the fake elector scheme but for one thing both involve the falsification of documents or records. On top of that both cases allege the former president worked with others in addition to a crime. 16 people in michigan were charged with felonies last year for their roles in the fake elector effort. Six others in ne
Negotiations and what they turn to next. We heard earlier this morning from mr. Jeanclaude juncker that they reached an agreement with the u. K. They will be able to talk trade in the next couple of weeks. We still have the pound fluctuating. Maybe investors were expecting more of an impact. Are at their week where it they had quite a bounce where they had quite a bounce. I am looking at the ftse on the back of that brexit, not much of an impact. That could change. Today we talk markets and Bank Regulations with andrea ocho andrea orcel. Mcewan and with ross we also speak to roland rudd. It is quite fitting that we havent brexit show this friday. Lets get to Bloomberg Business flash. Nejra the u. S. Congress has passed a twoweek the first toisions on decisions on settle some larger issues on spending and legislation. At the same time they will be rushing to finish work on tax legislation before leaving washington for the tax holiday. Al franken says he will resign to in the turmoil to
Currently down. We are still trying to figure out what the next leg for a lot of these markets is. Industrials are under pressure today. We are still trying to figure out the aftershock from the global selloff that we saw on tuesday and wednesday. The other thing that i am looking out for is the yuan, dropping the most since august of 2015. Some trade figures in china disappointed and of course it is boe day. Bloomberglso on to a fewnce. , we speak guests. Kaplan of the Federal Reserve bank of dallas joins us in an hour. A little bit later on we will be axeld by axa labor weber. Lets get straight to the bloomberg first word news. Societe generale has the estimates has Beat Estimates. It was expected to post a loss. The ceo of frances secondbiggest lender is upbeat. First of all, Fourth Quarter we did better. Decline. Very modest u. S. Senate leaders have announced a budget agreement that would provide nearly 300 billion in additional funding. Extend the plan would the National Debt to
Thank you for joining matt and i are it is great for you to join us. He decided to do this. Titan you decided to do this en it up. Ight phone. Good to be on the i think we need to start one madeaack and understand nordea a. Footprint andic with the size we have, we have felt the only way to develop the bank forward is to be in a Regulatory Environment or regime where we have correct ability, stability and level Playing Field. And that is what the banking gives us. They are some savings that we have highlighted on resolution fees and alike. There may be a capital impact which we are not speculate yet because i think it is too early but i think the key has been the one i mentioned it would want to be in the environment and. Reating nordea we have one way of creating. Factor. Been the driving manus that has been the driving factor. Everybody is writing their notes that you have broken this newest. They are talking about your capital and the propensity for dividends. I want to push you mor
Announce his decision about the Iran Nuclear Deal. We begin in open phones. Let us know your thoughts on any of the Public Policy issues. 202 ican callin at 7848001. Democrats 202 7488000. Independence 202 7488002. You can also catch us on social media. Good right a morning to you. Our lead story this morning involves puerto rico, the Iran Nuclear Deal, and headline. We have frontpage stories. On the Iran Nuclear Deal, President Trump will announce his policy toward a iran. P. M. T is happening at 1245 the president is acted to address the value voters summit. 10 30s happening around a. M. The president is acted to have his address. The big news out of the lighthouse was the health care front and politico broke the story. The posted the story about subsidies any plan changes. Is going to cut off subsidy payments in his most aggressive move yet to undermine the Health Care Law or it law. 7 subsidies are worth billion this year. They are paid out in monthly installments. They may stop im