water cannons for the first time . we are live on the ground in the 12th week of protests. welcome back to bloomberg surveillance. i am matt miller here. good monday morning. i am here for francine lacqua. let s go to live picks of the g7 meeting. somedent macron is getting statements giving some statements to the press. let s listen in. he is probably the best informed. a few words about libya as we agreed yesterday. at the conclusion yesterday afternoon. ok. thank you. matt: all right. we are getting a little bit. macron saying they are going to bring up the subject of libya. it will be at really interesting when they discuss the subject of iran, as well as trade. we ve gotten so much from trump earlier in the press conference with egypt s president el-sisi. we have some very disappointing german economic news. just breaking, the phone business climate number came out at 94.3. the survey was for an expectation of 95.1 so a big miss there. a big miss on the expectation
major funding for the pbs newshour has been provided by: kevin. kevin! kevin? advice for life. fe well-planned. t.arn more at raymondjames.com. ordering take finding the west route. talking for hours. planning for showers.o you cane things you like to do with a wireless plan designed for you. with talk, text and data. consumer cellular. learn more at consumercellular.tv babbel. a language program that teaches spanish, french, italian, german, and more. and with the ongoing support of these institutions: this program was made possible by the corporation for public broadcaing. and by contributions to your pbs station from viewers like you. thank you. woouff: labor secretary alex acosta is facing new demands touit tonight, over a plea deal with financier jeffrey epstein in 2008. acosta was then a federal prosecutor in south fl epstein was accused of molesting teenage girls. the deal kept him out of federal prison. but now, federal prosecutors in new y
major funding for the pbs newshour has been provided by: kevin. kevin! kevin? advice for life. life well-planned. learn more at raymondjames.com. ordering takeout. finding the west route.al tng for hours. planning for showers. you can do the things you like to do with a wireless plan designed for you. with talk, text and data. consumer cellular. learn more at consumercellular.tv babbel. a language program thahes spanish, french, italian, german, and more. and with the ongoing support of these institutions: hi program was made possible by the corporation for public broadcasting. and by contributions to your pbe station fromrs like you. thank you. ry woodruff: labor secre alex acosta is facing new deands to quit tonight, ove plea deal with financier jeffrey epstein in 2008.n acosta was tfederal prosecutor in south florida, and epstein was accused of molesting teenage girls. the deal kept him out of federal prison. but now, federal prosecutors in new yo
carnage in these markets, you were seeing risk off across asset. let s start with the asset markets, euro stoxx dropping for the first time since january 2 by 1.9%. u.k. equity markets closed for the bank holiday, and we are seeing a lot of red elsewhere in asia. the chinese equity benchmarks are dropping as 6%, the most since 2016, futures pointing lower. gains in u.s. equities on friday following the jobs report, signaling to markets that the economy is strong but inflation is low risk. we could see a down day today. meanwhile, treasuries not trading right now with the holiday and the u.k., but when the treasury markets open in the u.s. session, are we going to see the 10 year yield drop? that is what futures have been indicating. the you boo weakening the most in three years. we have seen some moves in terms of the authorities in china, a cut, and some reports that state funds may be looking to stabilize what s been happening in the equity markets, perhaps trying to give a
also more generally to talk about the current state of the relationship between the legislative and executive branch. i couldn t imagine a better panel of folks then my four colleagues here with me to tackle these questions. you have full bios but briefly went with us e.j. dionne, who is the harriman chair and senior fellow in governance studies. benjamin wittes, senior fellow. john hudak, deputy director of the center for effective public management, and vanessa williamson is also a senior fellow. so let us begin. so e.j., some folks have argued this point the state of the union is an anachronism, televised spectacle that does little to benefit the country. does the state of the union matter? does it play a useful role in the relationship between congress and the president at this point? and by the way, what is the state of the union? thank you. thank you all for coming. it s a great joy to be on this panel. molly knows more about congress and the people who wrote article