With a set up of a fiery press briefing a lot for Sarah Sanders to talk about in a few minutes. All of washington inside the white house and beyond has been talking about the revelations in this new book by Michael Wolff about the first year of the trump presidency. He describes that meeting as having been treasonous and said the fbi should have been called immediately rather than having that meeting in trump tower. He also said he thought the chances were zero that donald jr. Did not take those russians to see his father. Now all of that raises potentially Serious Problems for the president himself in terms of his knowledge of what was going on during the probe that bob mueller and the special counsel was not continuing on. The white house responded sharply with a statement from President Trump in which he said steve bannon has nothing to do with my presidency, he said that when he lost his job, was fired last summer, he lost his mind. Hes been peddling false information to the news m
We have steve ratner, who is with us often. He is one of the advisors. He is about to come here by himself in front of the committee on the tactical issue. We have a lot coming up. On the tax reform issue. We have a lot coming up. Similar story for stoxx 600, down by 3 10. Removing the currency market has truly been unbelievable. 1 buildingr 1. 1 on the rally we saw yesterday. Fourar yield now back by basis point. This is your safety check. Dollaryen down 6 10 of 1 . 112, a huge move. Oil trading on its own fundamentals up 3 10 of 1 . David thank you very much. We will set the stage now. We go to our chief washington correspondent, who is across town. Lets start with the facts. It is fair to say washington was rocked yesterday with this report that supposedly President Trump encouraged fbi director to stop the investigation into flynn. What do we know . Kevin it has been such a busy morning that i have not been able to get to the capital, but and irector james comey, am having trouble
Global economy. Jamie dimon speaking space of do bloomberg. Like 15 years. Ng europe is doing actually rather well all things considered. America is still chugging along. Good a pretty welcome to bloomberg daybreak. I am anna edwards. Europe. Manus looks like they are making it official. Anna details coming through, clarion and huntsman set to close by the end of the year. They will combine in a merger of althoughhey say, clarion holders will take on 52 of the business, huntsman 48 . A dual listing in switzerland and in new york. You can find the details about the savings they can get, and this has already been an historic year in terms of m a in terms of chemicals. 300 billion in m a planned, better than the previous record. Manus and more news coming through, looks like lafarge has appointed a new ceo. They were close, a lovely line coming from the analysts, saying he needs to recruit a new ceo who will turn the page and get on with it, and that seems to be the key. Hes german. He wa
We have a great show to kick off a big week for the markets. We will discuss what 2017 holds for u. S. Monetary policy. As italy lines up another new premier, in turkey comes to terms with the bombing istanbul, we will focus on the market and Political Risk in europe. As crude oil surges, we also speak live to the Nigerian Petroleum minister on surveillance at 9 40 u. K. Time. Lets check on the markets. This is a picture for oil, gaining 5. 1 at 54. It surged the highest in 17 months as efforts to cut production sent the 10year treasury yield above 2. 5 . Chinese equities tumbling. European shares holding to what we saw last week, pretty much flat. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra president elect donald trump says hes close to naming his secretary of state, dropping hints it could be exxon mobils ceo. A person close to the transition on hasnt beenrs formally offered the job yet but is likely to be the pick. Italys prize minister designate has been hol
A is definitely Commodities Energy story in terms of the dow. As thats the nasdaq off by. 2 . We are talking about falling oil as well as falling commodities as the bloomberg dollar index also rises. You can see it is definitely a very broad decline. It is also a mild decline. Materials is down the most by. 7 . We are seeing commodities in terms of gold, silver as well as copper all often the order of onemonth or twomudflows. Flows. Twomonth with oil on the downside, financials also slipping into negative territory. It had been the one lone positive earlier today, hoping that rates might rise as we head to jackson hole. We have to wait and see. Of theake a look at some biggest s p point losers right now. These are where they stand. Apple is down about. 8 . Lowest sincets august 11, about 10 days or so. Waiting for the new iphone, coming out in about a month or so. Ibm down 1. 2 . And verizon done about. 5 . Generally speaking, cross the s p, stocks from positive to negative in terms of