Listen: Trump, Robert Muller And Michael Cohen discussed on Bloomberg Businessweek
"Two different documents regarding former Trump fixer Michael Cohen have been released the one from federal prosecutors New York calls for a significant jail sentence for calling the other from the special counsel. Robert muller's. Investigators says Cohen provided significant help with their investigation. Correspondent Sara Murray has more the differences in the documents the one from the southern district of New York is extremely lengthy obviously calls for some prison time Muller's team does not go that far they essentially say we're not going to take the position on whether he deserves prison time for this. Meanwhile, in a molar team explanation of its reasoning that former Trump campaign chairman, Paul Manafort breached, his cooperation agreement it states that Manafort lied about five major issues during his cooperation, the most significant disclosure here was that Manafort lied about his contacts with a Russian associate and Trump administration officials President Trump put out a tweet saying totally clears the president. Thank you. And I'm John Tucker from Bloomberg world headquarters US stocks plunged in front. Essential capping the worst week for the s&p five hundred index since March this came as the Trump administration pressed its trade war with China and the latest batch of economic data added the concern that growth has Pete oil did rise after OPEC agreed to cut output. The Dow Jones industrial average shed over five hundred points bringing its decline in the abbreviated trading week to over one thousand points five funded finished the week down four point six percent that the trade outlook here to take a negative turn. Enter Wally technologies chief financial officer was charged with conspiracy. Also had the Federal Reserve's Lyle Brainerd striking a hawkish tone comments at a conference PGM CEO. David Hunt says his clients are making changes to their portfolios based on a changing global condition as well as monetary policy. The era of easy fiscal policy is coming to an end, and we can argue about the exact timing of that. And how quickly that happens? But no question conditions are tightening Invidia and Advanced Micro Devices tumbled more than six percent as chipmakers cratered utilities. They were the only s and p five hundred group to rise and his rate futures. Put the profitability of a Federal Reserve rate increase at its December eighteenth nineteenth meeting above seventy percent. We had Netflix Amazon an alphabet sinking at least three percents elite losers. Among the mega camp tech shares. Once again as five hundred end of the session down sixty two points to end up at twenty six thirty three. The Dow was down five hundred fifty eight points to end at twenty four thousand three hundred eighty eight NASDAQ was down two hundred nineteen points at sixty nine sixty nine global news twenty four hours a day on your hand at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one. Hundred twenty countries, I'm John Tucker. This is Bloomberg.."