[inaudible conversations] good morning. The committee will come to order. Id like to welcome you all to our second bubble confirmation hearing of this anon girls feet. I would like to start by thanking senator korn and for being here to speak on behalf of our nominee is. Always good to have you. Our fellow committee member, senator mention from West Virginia is prepared to also offer introductory remarks for a nominee. Governor perry, i would like to extend a warm welcome to you and to your family. Know that i appreciate your desire to serve, your willingness to become our next secretary of energy. Ive enjoyed the meeting that we had together, learning more about your leadership as governor of the state of texas, including your accomplishments in the area of energy and environment. Im going to withhold this morning and a reference to text size versus alaska size. Weve had that discussion. But in all seriousness, we know that you are seeking to leave the department of energy at an inter
Renewables is seen widening the appeal of its muchanticipated ipo. Yousef it is 8 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Our top story today, north korea reporting missile launches early this morning before the markets opened. Markets look at how reacted, we saw a spike in defense related stocks. Lets jump into my bloomberg. I have the industrial space right here. 6 . This little bit on a day where it is subdued and volumes are not quite there, defense stocks up him a 1. 5 . Have a look at some of these names, five within that space. That said, history tells us that when you have these spikes on the peninsula, you get a spike in stocks. And you get a drop subsequently. Japan ande story, south korea have issued a strong protest. We are looking at reactions from the u. S. , and most importantly china. Guests oned by our all this. What do we have here . It is just ratcheting up relieved attention. This,h, it is kind of som
I think the Obama Administration in the previous Bush Administration both deserve a lot of credit for pushing advanced investments in those and integrating some findings into their allocations to different programs consistent with what steve was saying. My only concern about this is in a court of law of evidence information that changes your mind. Its its not simply randomized controlled trials. Theres a lot of things that budget examiners and on b do that they make decisions based not just on how programs work on the same goes for members of congress and their staff. Congress get evidence every day by talking to constituents. I think its quite relevant to hear from casework experience about how well programs work. I think in general the evidencebased approach is great. But we should also be open to the idea that there are many different ways in evaluating how effective and efficient and equitable programs are. This is from marge at Network Lobby for catholic social justice. Primarily
I am guy johnson. What have we got for you . A bloomberg exclusive. We are going to speak to the ceo of accor about the hotel and tourist industry. We are going to talk about French Economy as well. Tesco launches a new version of this tablet called the huddle. Unnecessary distraction for the sampling the struggling supermarket . I have actually got one here. It is wrapped up. This is from tescos pr. This is Christmas Morning for me. We are not allowed to unwrap it for another hour. We will see what it looks like. Should tesco be investing in that kind of stuff . First, lets talk about jobs day. We are watching the worlds most important economic indicator, forecast 250,000 new jobs added on the month. Jon ferro is here with more. Where does that take us on the path to rate hikes . Good question. I am more excited about this number than this box. You want to be here to unwrap it. May be. The quality of the wrapping leaves something to be desired but anyway. , even withwth disappointing
Lets talk about what weve got. Manufacturing pmi falling to 50. 4, the forecast 50. 8. We have already seen the breakdowns from a national level. The german date or little weaker, the french data certainly a little weaker at the moment. Those that were hoping there were any w numbers in the other survey numbers were indicating that we were going to see a more stable story, maybe a little bit disappointed by that. 1. 2515, you could have seen a pop through you could have seen a pop through 1. 26 today if you had a decent german number. 16 is where we are trading now. Thats get some immediate action to the figures. Harry coleman, good morning to you. I read your notes this morning on the train. Broadly positive. You think the doomsayers are largely wrong about the european economy. Is there evidence that undermines that argument. I dont think it does. We had soft data, some of the trends in the pmi numbers pretty poor, but generally i think the consensus on europe is too bearish. I think