And allies were in full force over the weekend, defending the president from what was written about him, insisting they have no doubts whatsoever about trumps fitness for office. We welcome in kevin cirilli, our chief washington correspondent. Is washington still consumed with this book . Kevin a little bit. Here, virtually no the book,lking about despite its playing out over cable news and of course the president himself being behind the scenes, still trying to negotiate the january 19 government to deadline to avoid the shutdown. Publicly, the government is still very engaged in this backandforth. Steve bannon, the former chief strategist and architect really of the coalition of the ultraconservative wing of the conservative party now done. The apology he issued over the weekend was not accepted, according to reporting that my colleagues at bloomberg have done over the weekend. Talking with several folks who say that the president has drawn a line in the sand. Saying it is bannon or
Crew Getting Crude Oil getting a boost, david billionaire environmentalist and democratic Megadonor Tom Steyer goes to washington to announce his political plans for 2018. At 2 00 this afternoon, the house of representatives reconvenes after their holiday break and at 4 10 this afternoon eastern time, President Trump addresses the American Farm be all federation anthony annual meeting in tennessee. That makes him the first sitting president to do that in 26 years. Alix emma chandra is here with first word news. Emma steve bannon is trying to get in President Trumps good graces. He has issued a lengthy apology for comment at the remarks came in the new behindthescenes book that raised doubts about President Trumps fitness for option. To avert theng out parcel shutdown partial partial on january 9 Government Shutdown. Theres no indication either side has budged on key issues, immigration and the budget cap. Lawmakers may decide to once again pass a shortterm spending measure. Theresa may
Brief. At 1 00 eastern time, we will see hear from randal quarles. At midnight tonight, the u. S. Government will shut down unless of the house and senate can, up with a lastminute compromise. Now, lets find out what is going on outside the business world. Time is running out for a partialo avert shutdown of the u. S. Government pay the house passed a measure that would keep the government open past tonight while Lawmakers Debate a longterm spending measure. Senate say they have the votes to block the bill. They want to include productions for young undocumented immigrants. According to people familiar with the matter, the fed wants to relax part of the post crisis demand to drastically increase capital levels. The fed is said to be opposed by the fdic, which has authority over banking rules. The European Central bank seems to be getting closer to signaling an end to quantitative easing. Almost half of those surveyed believe there will be a definite end date by june. That is a sign tha
We will talk to the man himself, jeff currie, later on this hour. I want to talk about what is happening in the u. K. , take a look at sterling. Marcel barnier says a brexit transition is not a given if a decent agreement if a disagreement persists. David he says never mind. Now lets turn to our top two stories. Jeffrey gun lock is right all along, the the 10year yield. L on the 10 year and keeping the government open. Lisa joining us is abramowicz of bloomberg you have the 200day moving average with the s p starting to flirt with that 200day, and that goes to be correction we have not seen in a while. We bounced off the 200day twice in 2016. Luc, have we found the bottom . I am not sure yet. Lets check out another chart. We were talking about early in january, world equity index euphoria, right now, looking at my terminal, s p 500 members are overbought. 0. 4 . The shares oversold up to about 1 3. It might be good news of a contrarian indicator, but around these time, the chinese deva
So hell, tell us, was there anything in this memo we werent expecting . For the most part the memo centers around what republicans are calling evidence of andtical bias in the fbi doj against President Trump and in favor of democrats. It is highly disputed and controversial. It is distorted information selectively chosen it mostly involves and centers around the five applications for carter page, if former Trump Campaign advisor with russian ties. The argument that devon nunez, the republican chairman of the House Committee and author of this memo is making is that the steel dossier is controversial and made allegations that ended up being true, such as the over arching allegation of russia tried to meddle in the election in 2016. It also included salacious claims against President Trump that has not been validated and what is being argued is that the use of that still dossier as a basis for five applications to surveilled carter page was improper and abuse of power. That justcounter b