Fierce. About 90 miles east of daytona is where it sits right now after really devastating the bahamas. David i dont think we still understand the extent of it. It is really tragic what happened in the bahamas. Theres a lot of rain and water coming. The storm surge they are worried about up and down the coast. Alix in the markets we are paying attention to the broader political sphere. 8 10 upres up by by 0. 8 . The cable rate up over 1 . Yields in the u. S. Now up by three basis points. Commodities, buy everything but the u. S. Dollar. Time now for the global exchange. Joining us in hong kong is bloombergs chief north asia correspondent stephen engle. From outside westminster is bloombergs anna edwards, and from new york is bloombergs michael mckee. First we want to start with hong kong, where leader carrie lam announced the government will formerly will formally withdraw the extradition bill. M the government will fully withdraw the bill in order to relay consent. Alix can we say the
Lets check the markets. The europe 600 on a tear. Higher because of expectations of tax reform in the u. S. And what that can do not only to the dollar but to the world economy. It could make the spirits of the u. S. Move up a touch. Lunch in brussels. Will they are will they not . To severalspeak groups interested in brexit. Lets get to the first world news. Sebastian in the u. S. A Senate Investigation of the russian meddling in the trump case a instruction of justice case is coming. This is from Dianne Feinstein after Michael Flynn pleaded guilty to line to the fbi. I think we are beginning to see the putting together of a case of objection the case of obstruction of justice. I think we see this in the indictment please that take place in some of the comments being a. I see it in the hyper frenetic attitude of the white house, the comments, the continual suites. U. S. House republicans are drafting a contempt of Congress Resolution against members of the fbi. They claim that the rem
On the white house is part when it comes to this legislation . We saw the white house on the fence as to whether President Trump was going to sign it for a while. How has he come around to this legislation . Kevin they have said they are going to sign this russia, iran, north korea sanctions bill. It passed nearly unanimously out of the senate and the got to the house. The white house is working with house leadership to tweak versions of this bill from their perspective that would not hurt u. S. Businesses. Now the Russia Companies that were named on this sanctions list, if the u. S. Has some type of business arrangement with some of those businesses or do deals with them up to a one third threshold, they will be able to continue. M putin has already responded to this and he has kicked out essentially two thirds of u. S. Diplomats who are in russia to get out as a response to the Republicancontrolled Congress doing this piece of legislation. Was fascinating is that the Republicancontro
And im alix steel in for stephanie ruhle. We will have video of the ice bucket challenge later. Was a cold . That is what happens. A lot of video this morning. A little twist to buy Family Dollar. Dollar general is offering a larger bid after it already bid froma lower another rival, Family Dollar tree. Joining us is howard from chairman howard, the chairman of divisiveness and associates. What do you think about this . Its crazy, because now they will have to pay a 305 million breakup fee, and its even crazier that walmart is not buying this company. Walmart has been screwing around with small stores for 20 years. They were ground level zero. Everybody wants convenience. Walmart, once again, sleep at the switch. I dont understand that. As is what is going on. But this is what is going on. Will there be a third player entering this bidding war at some point . That is why the shares are trading, because many hope walmart will jump in. Dollar general could have had this asset month ago,
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