Stay updated with breaking news from Lima. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
bottle. we seem to like to talk a lot about alcohol on this program. let s head to the markets desk where julie hyman has the latest on that. i don t want to speculate why. julie: i think it s obvious although i m disappointed if it is 35 grant a bottle, we will probably not get a taste test. let s take a look at what s going on with averages. a pullback here after a big update for stocks yesterday. we are seeing selling despite what was largely a morning of stronger than estimated economic news. even industrial production came in better than had been estimated but that is not helping stocks. the imap for the groups on the move, consumer staples pulling back the most today along with health care shares. consumer discretionary lower. ofrgy industrials are kind limiting losses we might otherwise be seeing overall. i did want to talk more about home depot. is it a bright spot in retail? not if you go by what the shares are doing. they are pulling back. on the one hand, hom ....
the normal meetings, or they? are they? anna: the meetings in vienna are getting a good deal of profile. vienna is going to be the place to be. a lot still on the radar. we have opec tomorrow, the ecb, and the jobs report on friday. tom: now we have photos from japan. i believe video from japan as the prime minister, this is a retract, folks, he will a national sales tax. much of this was foreshadowed when he was with the president and leaders in g7 and hiroshima where he made very clear he was playing to a domestic audience. some of this today is the delay of a national sales tax and really a quite a blood abrupt blow to the fiscal side. to the bloomberg first word news. vonnie: in japan, prime minister shinzo avenue a is delaying prime minister shinzo abe is delaying the increase in sales tax until 2019. it would make it tougher for the japanese government to deal with the world s largest debt burden. another sign that china s economy is stabilizing, for a third ....
live from bloomberg s european headquarters here in london. coming up, we will speak g-man twoo the pierre gramegna. first thing s first, let s check on markets, european stocks retreating. they were undecided what to do earlier but now they are down to 0.4%. the retreating oil and gas shares japan s yen surging to the strongest level in more than a week against the dollar. this is looking for signals about when we get stimulus or not. the british pound falling. let s get to the latest bloomberg first word news with caroline hyde. caroline: good morning good at bernie sanders has told the democratic convention that hillary clinton must become the next u.s. president. this came after his plea to protesters. michelle obama offered her endorsement of clinton. what i admire most about hillary is that she never vocals under pressure. pressure.uckles under she never takes the easy way out. hillary clinton has never quit on anything in her life. any objective observer ....
year. but keep in mind we are still about 20% lower than where we were one year ago. the question, of course, now is where do we go from here? let s bring in our all star oil panel now. lima croft of rbc capital markets and john. two things, number one, you called this nigeria thing back on january 27th. yes. congratulations. thank you. is the output cut that s happening in nigeria enough to sustain higher prices long term or just short term activity? one thing about nigeria is we had supply outages in the past and they lasted a long time. what i keep telling clients is if nigeria goes off line, it s sticky. they re intent on shutting down production and they have the capacity to do. so it s the biggest upside ris nkt oil market. is there any other sector where you have a group called the avengers having an impact? this is what they re calling themselves. it s really a men take two. there was a group that kidnapped oil workers, shut down facilities and par ....
the irs targeting of political groups. in october, chaffetz introduced legislation to impeach koskinen. without objection the chair is authorized to declare recess of the committee at any time. we welcome everyone to the hearing on examining allegations of misconduct on irs commissioner john koskinen part one. i begin with myself. the constitution sets forth a system of checks and balances and grants each branch of government tools to shake sure no one gets too much power. the power to write the laws, power of the purse, impeachment power and other powers. they allow congress to expert oversight over branches including rooting up corruption, fraud and abuse by government officials and taking further disciplinary action on behalf of the american people when warranted. the duty to serve as a check on the other branches including against corruption and abuse is a solemn one and congress does not and must not take this responsibility lightly. that is why this committee sc ....