Underscored by new reporting from nbc news on how he single handedly blocked a bipartisan piece of legislation that would have tightened the rules around foreign influence and lobbying in washington. But perhaps more pressingly for the democrats is what Senator Menendez will do to the party as a whole in next years election. The democrats have been working for years to paint republicans as the ones tolerant of corruption, the ones who have locked the other way at wrong doing, the ones who are okay with their standard bearer being someone under indictment. The comparison of course is not apples to apples, but here is how Democratic Rep Dean Phillips of minnesota put it, saying, quote, if we aspire to be a party recognized for its Prioritization Of Ethics and the restoration of faith in government, we must collectively condemn and seek the resignation or removal of anyone whose Behavior Results in a federal indictment period. Joining us now, nbc news investigative Correspondent Tom Winte
The european markets were down a couple minutes ago. They are pretty much back up. It seems the feel good factor in u. S. Stocks have now petered out somewhat. Im looking at u. S. 10 year treasury yields, pretty much a picture of stability. The dollar off the trade bound. The dollar, gaining a touch. Coming up on bloomberg surveillance, we sit down with luca paolini, the chief strategist at Pictet Asset Management. Thewe will also break down saudi budget with the director of Economic Research at the Gulf Research center. First, lets get straight to the bloomberg first word news. Sebastian uber has lost the battle as it differs from traditional taxes. The car hailing app should be regulated. The eu court of justice ruling, think of the president sentting. British officials fear spain will threaten to veto, if negotiatey fails to with madrid. It has been in british hands since, 1713 but spain could make a claim over the land. To the u. N. Assador nikki haley is pressing other countries n
Channels and 1,000 videos were likely linked to moscow. However, it says the viewership of those videos was low. Lets kick it off with breaking news. Industrial production numbers for september, coming out, blowout numbers here on the year on year figures. 8. 4 for the month of september. The estimate was for 4. 8 . Month by month though seeing a mills. Still seeing quite a bit of resilience. Especially when it comes to year on year. This is the highest weve seen in four years on the factory side of things for korea. Well see how things fare, but really seems like this data may just fall in the shadows of all that is happening with this drama when it comes to the manafort indictment. Testimonies under way pretty soon, as well as that phasingin of the tax reform. That could be the big culprit, why we did see that pullback when it comes to markets. Lets look at how things are faring here in asia so far. On the back drop of all that, we are seeing a little bit of green here on the index 5
Santa rosa, 44. Heres a live look at the Doppler Radar. This is actually that system that weve been tracking leading up to today and it does look like the north bay is expected to see some rain first and then it will start spreading south throughout the middle of the morning into the afternoon. So the temperature trend for now, San Francisco could start seeing some showers as early as about 9 30, 10 00 a. M. And the showers do linger and do stick around through about mid afternoon and then its kind of calmed down and then it picks up a bit before the evening hours. 55 in San Francisco. In san jose we can expect to see some rain as early as 10 30. Spotty rain. More moderate showers heading into the noon hour, but overall we are definitely expecting to keep those showers unfortunately in the forecast after 11 00 through most likely probably by about 5 00. So i would say definitely do bring in the easter egg hunts inside or have a fun day where you put some rain boots on the kids and let
Welcome to squawk alley for a tuesday. Im Carl Quintanilla with Kayla Tausche this morning. Donald trump getting everyone talking today, trump tweeting boeing should cancel the order for two new air force one jumbo jets. Phil lebeau has been following this. The tweet got us asking a lot of questions and people focusing on boeing. A few minutes later, donald trump was in the lobby of trump tower and he followed up with some very strong comments. Listen to what he had to say. The plane is totally out of control. Its going to be over 4 billion. Its for air force one program. And i think its ridiculous. I think boeing is doing a little bit of a number. We want boeing to make a lot of money but not that much money. Okay. Thank you. So what exactly is the air force buying from boeing . Were calling these the air force one replacements. Its two 747 planes. Someone air force one, the other is air force two. 1. 65 billion has been allocated for development through 2019. Theres not money set asi