Congressional subpoenas and cant be forced to testify before congress. Lets bring in attorney david rifkin, he served during the reagan and georg george h. W. Buh administrations. Welcome. Thank you for coming today. David, how strong is this president s case for saying that his aides dont have to testify because of this immunity . Very strong. It is a wellestablished immunity, paul, dates back to 1971, an opinion written by william republica renquist, been reaffirmed in nine administrations and both parties, fully case law. Ittheres a group of people tht see the president every day, he communicates with them, the 1971 opinion says the president is a coequal branch, he cannot command that members of congress appear before him. They cannot command he appears before them. I want to emphasize one more point. The reason the president has a strong position, theres another form of absolute immunity based upon 1989 opinion, he went on to be a chief judge in the fourth circuit. That stands for
Into u. S. Equities. Joining me is the ceo of partners. Your firm is a boutique Investors Bank and you own dozens of stakes in didnt unicorns. Well take a position and advice like harrys did. Rather than waiting for an let me get your take in the Public Market before we go to private. A recordsetting week, good backdrop in terms of the economy, do you think this continues . Would you buy in . I dont see what will end, your very low rates were people piling and also structural issues where the Companies Issue out of debt, they use the wuppercaseletter back stock that inflate share prices, but the economy is good as well. I dont see a negative that you can point out too, so i think the market will continue to go up despite the geopolitical risk, where else will you go, the u. S. Is the good market to invest and also the positive news out of the china trade deal and usmca, im waiting for somebody to point out what will stop the momentum. The consumer has been the strongest indicator for s
Suspected whistleblower. The name was on a web site called drudge report, millions of people, for days he has been out in media, what is difference between me and chasing down a whistleblower, about all of the epstein stuff because those stories were killed, if well have a conversation about whistleblower, you work with c cbs. Who outed the whistleblower officer no screaming. Hold on. Excuse me. Thank you. Cross talking is making everyone crazy. Short mexicans, some mexican rainive attachappiest. Rapist. Have you warn black face, whoopi. I have not. You said roam Roman Polanski was not rape, rape. She was not in black face. Thank you. Except for the black face part. A battle over character that is fun. I guess this is the fight you want. It is not, if were talking character. Are you questioning my character. I am talking about your questioning my fathers character. We all have im not questioning. He said something, oned record. Or go to jail. He is has been attacked for so long by a vi
It is also near levels that is signaling it is in overbought territory. Overall we started with the nikkei to 25 moving upside. It has now fallen below the hang seng. Talked about shanghai comp with regards to Inflation Numbers portending good news. Pork prices responsible for a lot of gains. Something to worry about. Excessive be down to inventory and overcapacity at the same time. Does not bode well. Not painting a rosy picture for the chinese economy. Lets have a look at what else is going on. The bond future. 10year trading outlook, 1. 94 . The 10 year yield unchanged, 1. 3 . 28,sterling slightly up, 1 partially down to moodys putting its negative outlook stamp on what they perceive there. Offshore you want just a fraction below seven. Lets see what else is going on here in hong kong. David as you are pointing out, stocks are under pressure. What has happened this morning, a couple things. Police confirming they shot two protesters during rushhour traffic this morning. Demonstrator
Uncertainty with progress with autos and services leading the declines finlands 10year bond yield jumps into positive territory. Risen the most since President Trumps election good morning and welcome to the show shares in richemont are deep in the read double digit revenue declines. The key market in hong kong overshadowed by the u. S. This is in contrast with other results. Talking about the likes of lvmh. Hermes is still slightly positive swatch down about 1 Christian Dior down about a quarter. So not immune, but you can see they are standing out today. I want to bring in our guest to discuss this in a little more detail last week, we were talking about the resilience of these luxury groups particularly lvmh and hermes not the case for richemont why is that . They have an average of 5 in hong kong while richemont has 10 . The departments that perform most are leather goods, jewelry and in part jewelry and watches. We see jewelry that is more resilient. Lets talk about hong kong expo