Watch: Iceberg bigger than Seattle breaks off of glacier

Satellite images from the European Space Agency show when a massive iceberg split from a glacier in Antarctica on Tuesday. Combined, the images demonstrate how icebergs — the size of major cities and small countries — are breaking off into the ocean at a faster rate due to the earth’s changing climate. 

Captured over three years, the images were combined into a time-lapse animation by Adrian Luckman, a satellite imaging glaciologist and professor of geology at Swansea University in Wales. Together, they show three major calving events — the term for when intact chunks of ice split off into the ocean — over the past three years. 

The animation begins in June 2017, and ends earlier this week on February 11, 2020, when the most recent calving took place.

Without a reference point, satellite images can make it difficult to conceptualize the size of these gigantic ice masses. For scale, Tuesday’s calving produced an iceberg bigger than the city of Seattle, twice the size of Washington D.C.about the same size as Las Vegasnearly the size of Atlanta, and roughly the same size as the nation of Malta

Photos taken just a couple miles from the glacier by polar marine scientist Richard Larter show how up close the iceberg appears as an imposing wall of ice. The glacier’s “floating ice front” has an average thickness of approximately 500 meters, according to the European Space Agency

The chunk broke off from the Pine Island Glacier in Antarctica, which helps connect the West Antarctic Ice Sheet with the ocean, the agency says. 

It is usually difficult to capture calvings, according to the United Kingdom’s Centre for Polar Observation and Modelling. That’s because most of the processes that drive the natural event are hidden below the water, and satellites typically pass overhead only once a day, oftentimes missing the moment of action. 

Pine Island, however, is shrinking fast. Its rapid disintegration has made it one of the most “intensively and extensively investigated glaciers” in the Antarctic, according to the agency. 

The heightened attention on Pine Island led scientists to spot “growing cracks” in satellite images of the glacier last year. “Since then, scientists have been keeping a close eye on how quick the cracks were growing,” the agency wrote. 

Along with its neighbor the Thwaites Glacier, Pine Island has continuously lost ice over the last 25 years.

“Satellites have established a porthole through which the public can watch events like this unfold in remote regions around the world,” said Mark Drinkwater, a senior scientist and cryosphere specialist. 

After Tuesday’s historic calving, the iceberg quickly shattered into many smaller pieces. What these pieces will do to overall sea level rise remains unknown. However, Larter warned on Twitter that the iceberg is “part of an ice shelf at the terminus of a glacier containing enough ice” to raise the sea level by more than 0.5 meters (over 1.5 feet). And, according to the European Space Agency’s website, ice loss from Pine Island has already “contributed more to sea-level rise over the past four decades than any other glacier in Antarctica.”

The Antarctic Peninsula is one of the fastest-warming places on Earth. During the first week of February, the weather on the Peninsula was sunny and a preliminary record-breaking 64.9 degrees Fahrenheit — warmer than most of Texas. 

New research published in December indicated that “Antarctica is highly vulnerable to projected increases in ocean temperatures and may drive ice–climate feedbacks that further amplify warming.”

According to Drinkwater, “what is unsettling is that the daily data stream reveals the dramatic pace at which climate is redefining the face of Antarctica.”

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World – CBSNews.com

Watch Now: Here’s What’s Moving Markets – Feb. 12 (Video)

Investing.com – Our Senior Analyst Jesse Cohen gives us his top five things to know in financial markets on Wednesday, February 12, including:

– New Coronavirus Cases Slow Again

– Stocks Rise To Record Highs

– Cisco (NASDAQ:) Earnings

– Oil Prices Rebound

Bernie Sanders Wins New Hampshire Primary

Watch Now: Here’s What’s Moving Markets – Feb. 12 (Video)

Follow us on Twitter at: https://twitter.com/Investingcom

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex News

What to watch in volatility and central banks this week

Preview of the week ahead using implied volatlity

New highs in US equities, high yield credit working well, select EM FX and carry emerging as winning trades and WTI crude seems supported below $ 50. Its like the Coronavirus matters little to markets and despite a deep worry from a humanitarian perspective, the markets march on, with implied vol pulling back, heading to similar conditions seen a few weeks ago. 

Preview of the week ahead using implied volatlity

The situation remains fluid though and there is still part of me that feels the market has got ahead of itself. This is a Teflon market, and nothing sticks for too long…we can thank central banks for that.

In the week ahead video, I focus on several indicators that measure sentiment, some which you may not be so familiar with, such as S&P500 1-month skew or AUDJPY 1-month – 1 year implied volatility spreads, and its relationship with spot AUDJPY. We touch on near-term event risk to concern ourselves with, and how markets are interpreting these risks in terms of expected volatility and price moves.

We also look at the markets expected interest rate pricing, where we see reduced expectations of more aggressive action. Where the upcoming meetings suddenly look to be fairly dull affairs and perhaps the most we can do is look for the triggers needed to see further rate cuts. This rates pricing has seen a reduction in volatility in markets and with this coming week being a quiet affair (for event risk), perhaps this emergence in risk appetite should continue. 

priced in for central banks

Charts of interest

I also look at charts of interest, and specifically the USD index, EURUSD, AUDUSD, GBPUSD and USDCAD. USDJPY also looks interesting around 110.00. USDSGD is also on the radar, specifically given client interest in this I pair has picked up, with price having moved 400-odd pips from the mid-January lows, one could remark that this is the SGD’s Tesla moment.

EURUSD chart

Do take a look if you get a moment. I hope the video offers a unique guide to markets for the week ahead. 


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CES 2020: Quibi aims to change how we watch shows on phones

A new video-streaming service that limits the length of its programmes and shows to bite-sized chunks will launch in the US in April.

Quibi also keeps the action full-frame however viewers hold their phones.

It will feature exclusive entertainment content made by the likes of Steven Spielberg, Bill Murray and Reese Witherspoon.

And unlike Netflix, it will also screen specially-made news bulletins made by the BBC, NBC and Telemundo.

But will audiences pay $ 4.99 (£3.80) a month to watch it with adverts or $ 7.99 to go ad-free?

BBC Click’s Spencer Kelly met founder Jeffrey Katzenberg and chief executive Meg Whitman at the CES trade show in Las Vegas.

Catch up with all the BBC’s CES 2020 coverage

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BBC News – Technology

Top 5 Things to Watch on Monday, Jan. 6

© Reuters.  © Reuters.

Investing.com – Fears over the prospect of a conflict in the Middle East are roiling markets, with Brent crude jumping to $ 70 and safe haven gold hitting its highest level in seven years. Global stocks are in the red and in the Euro Zone data has showed that business activity remained close to stagnation at the end of last year. Here’s what you need to know in financial markets on Monday, Jan. 6.

  1. Trump, Iran trade threats

Fears over the fallout from the U.S. killing of a leading Iranian military commander intensified on Monday after Iran said it would no longer abide by the 2015 nuclear deal, meaning it will no longer limit the amount of enriched uranium it holds.

Iran had already vowed to retaliate for the death of Qassem Soleimani who was killed in a U.S. air strike last week. U.S. President Donald Trump has warned of a “major retaliation” if Tehran hits back, deepening a crisis that has heightened fears of a major conflict in the Middle East.

  1. Oil prices continue climb

Oil prices rose again Monday, building on Friday’s more than 3% surge amid fears of a disruption to energy supplies.

climbed above $ 70 a barrel to its highest level since last September — when Saudi Arabia’s Abqaiq oil processing facility was attacked. The global benchmark was last at $ 69.56 at 5:35 AM ET (10:35 GMT), up 96 cents, or 1.4%, from Friday’s settlement.

was at $ 63.77 a barrel, up 72 cents, or 1.1%, after touching $ 64.72 earlier, the highest since April.

  1. Safe havens in demand

prices rose to seven year highs, jumping to $ 1,582 per ounce, the most since since April 2013, while the yen and other safe-haven currencies were also in demand.

The hit a three-month high of 107.77 versus the U.S. dollar overnight and was last at 108.00. The was close to the four-month high of 1.0824 it reached against the euro on Friday.

The greenback was lower against a currency basket, with the sliding 0.2% to 96.28.

Sovereign bonds benefited from the safety bid with yields on Treasuries down at 1.78% having fallen 10 basis points on Friday.

“Iran is almost certainly to respond in some scale, scope and magnitude,” said Lee Hardman, currency analyst at MUFG.

Therefore “market participants are likely to remain nervous until there is more clarity over how geopolitical tensions between the U.S. and Iran will proceed,” Hardman said, noting that geopolitical tensions could hurt global economic growth, especially if the price of oil increases.

  1. U.S. stocks set to open sharply lower

U.S. stock markets are set to open sharply lower on Monday, extending losses from Friday. By 5:35 AM ET (10:35 GMT), were down 171 points or 0.6%. were down 0.6% while were off 0.7%.

Geopolitical tensions along with data showing a larger than expected contraction in the U.S. manufacturing sector in December saw Wall Street’s major indexes pull back from record highs on Friday.

European markets were broadly lower, while Japan’s fell 2% overnight.

The calendar for U.S. economic data and earnings is very light, with just the Purchasing Managers’ Index (PMI) due at 9:45 AM ET.

  1. Euro Zone business activity near stagnation

Euro zone business activity remained close to stagnation in December, a survey showed on Monday, as an upturn in services activity only partially offset a continued decline in the bloc’s manufacturing sector.

IHS Markit’s final euro zone composite PMI edged up to in December from November’s 50.6.

In the U.K., a similar survey showed that the services PMI picked up slightly to hit at the end of the year, indicating that activity flatlined, but businesses reported that optimism rose to its highest level in 15 months.

The report boosted the against the (admittedly) softer U.S. dollar.

–Reuters contributed to this report

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Economy News

The aussie will be one of the more interesting currencies to watch to start the new year

AUD/USD closed above its 200-day moving average for the first time since March 2018 earlier this week


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If it is any other time during the year, I’d give the break more credibility and give buyers more credit for the move. However, this is a period where liquidity is pretty much as thin as it can get in markets and I’d be wary of a possible false break as such.

With that in mind, let’s take a look at the reasons why the Australian dollar will be one of the more interesting major currencies to watch as we look towards the new year.

The technical picture

AUD

As mentioned above, AUD/USD managed to secure a daily close above its 200-day MA (blue line) for the first time since March 2018. The story of 2019 has been the pair continuously failing in a run against that level as well as key trendline resistance levels.

That precipitated a slow and steady grind lower for the aussie amid a flagging domestic economy, weaker economic conditions in China, and the RBA easing policy throughout.

From a technical perspective though, the break above is a rather significant one but again if it weren’t for being the last week of the year, traders may build on that further.

The issue now is that real money flows aren’t in the game at the moment so there is a possibility that the technical break above may be a bit of a false start.

But if liquidity conditions return next week and buyers can keep above the key level, there’s good reason from a technical perspective for the aussie to maintain its run higher – especially on a move above the October highs and 13 December high @ 0.6930-39.

On such a run, the 0.7000 handle will be next before a test of the July high @ 0.7082.

The fundamental picture

Australia GDP

This runs a little bit against the technical consideration above as the Australian economy is in a rather precarious spot going into the new year. Economic growth remains rather depressed – annual GDP growth is at levels last seen back in 2009.

Household consumption remains rather weak overall and that has been an ominous sign over the past few years now. One of the few bright spots for the Australian economy is that terms of trade is still seen as improving despite the backdrop of weaker domestic conditions.

Recent economic data also continues to allude to the more subdued situation:

Citi Australia
With the latest bit-part bounce coming on the back of a better-than-expected November labour market report as seen here. Even then, there are still a couple of things one can be nit-picky about i.e. jobs growth were mostly part-time and the unemployment rate still remains a distance from the 4.5% coveted by the RBA.

Speaking of the RBA, they could possibly be the first major central bank to take action next year as we look towards their meeting on 4 February 2020:

WIRP AU

After the more solid labour market report noted above, cash rate futures have reduced odds of a 25 bps rate cut by the RBA to ~38% currently from ~59% before the data last week.

But at this stage, it’s still too much of an ask to dismiss such a possibility entirely – especially if we see more disappointing economic data over the next few weeks.

The issue for the RBA is that they have to try and bolster economic conditions while at the same time also try to ensure that they can drive inflation in the right direction.

On the latter point, the RBA’s preferred measure of inflation i.e. trimmed mean CPI reading has not sat within their target band of 2% to 3% since 2016:

Australia CPI

With there still being so much slack in the labour market and wage growth being rather benign, the bias is still towards the RBA cutting rates next year and that will raise questions about the possibility of QE as we approach the rates lower-bound.

RBA governor Philip Lowe has said that the central bank will only begin to consider QE if the cash rate reaches 0.25% (two 25 bps rate cuts away) and a cut in February will bring us one step closer to that discussion threshold.

Given such a heavy emphasis on the RBA and rates next year, I reckon it will be yet another one where AUD/USD will continue to be driven by yield differentials:

AUD/USD vs Yields

Other considerations

This is where I’ll just highlight a couple of things to keep in mind when you weigh the balance of technicals and fundamentals. First off, let’s look at positioning:

CFTC AUD

The market is still heavily short on the aussie but not to the extremes seen at the end of last year or the middle of this year. As such, there is room for shorts to be squeezed a little but at the same time, it also means that short positions can also rebuild given some buffer.

Let’s then take a look at seasonal patterns:

AUD/USD SEAG

I would argue that there isn’t much to gather here with January being a rather asymmetric month in trading for AUD/USD. The pair posted three straight January declines from 2014-2016 before three January straight gains from 2017-2019.

February has more of a seasonal feel to it with the pair having risen during the particular month in 11 out of the last 15 years. That said, the last two years have seen the pair break the mold and with the RBA also in the picture to start next year, it is also no guarantee.

As such, I’d keep the seasonal consideration in the back pocket for now given that other factors may be at play to mess up the trading picture here.

It takes two to tango

That just about covers the aussie but also just be mindful that when we trade, we trade a currency pair – so there’s always the other side of the equation to consider.

For the aussie against the dollar, I reckon the dollar side of the equation may be more choppy but also pay attention to the technical levels highlighted above. The risk mood will also be a consideration so just be wary of how trade developments are going.

For the aussie against the yen, it’s pretty much similar as the pair also recently broke above its 200-day moving average. However, with all yen pairs, always keep an eye on yields and how risk sentiment is developing. That is one of the bigger factors to consider.

As such, keep an eye out for the US-China Phase One trade deal signing and if there are any hiccups or if things play out smoothly.

For the aussie against the kiwi, the pair is keeping below 1.05 but unable to break further below 1.04. The spot to watch in this one will be RBA pricing. If rates move against the aussie i.e. markets increase bets of RBA cutting in February, that could be the next catalyst for a push lower in the pair towards 1.03 and the August low just below that.

AUD/NZD vs OIS

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The Netflix decade: How one company changed the way we watch TV

© Reuters. FILE PHOTO: An illustration photo shows the logo of Netflix, the American provider of on-demand internet streaming media, in Paris © Reuters. FILE PHOTO: An illustration photo shows the logo of Netflix, the American provider of on-demand internet streaming media, in Paris

By Helen Coster

(Reuters) – In the not-so-distant past, TV viewers were forced to wait a week for the next installment of their favorite shows, parceled out by networks in half-hour or hour-long increments.

Fast forward to 2019, when media and tech companies are subverting that schedule and the majority of viewers using U.S. TV streaming services watch an average of four hours of content in one sitting, according to Deloitte.

To understand how we got here, look at Netflix (O:).

At the start of the decade, binge watching involved VHS tapes, DVD box sets or long nights glued to a DVR. TV cable hits included “Homeland” and “The Wire” – hour-long dramas with complicated plot lines that needed to be watched sequentially.

Watching “Saturday Night Live” on a Sunday became normal, and viewers started to lose track of the broadcast schedule.

In November 2010, Hulu, which debuted in 2008 as an ad-supported streaming video site, launched its subscription service, including full seasons of certain shows.

Around the same time that the broadcast TV schedule was losing its hold on viewers, Netflix was beginning to invest in original content.

(GRAPHIC: The Netflix decade in numbers – https://fingfx.thomsonreuters.com/gfx/editorcharts/NETFLIX-DECADE%20IN%20REVIEW/0H001QXRKB2L/eikon.png)

In 2011, it struck a deal for its first original show, the political thriller “House of Cards.” It released all 13 episodes of the show’s first season on Feb. 1, 2013. That July it followed with the entire first season of “Orange is the New Black.”

Viewers were hooked, and the cultural shift accelerated. “Binge-watch” was a runner-up to “selfie” for the Oxford Dictionary’s 2013 word of the year.

Netflix championed this new kind of consumption, commissioning a survey to determine how many people binge-watch, and why.

“Our viewing data shows that the majority of streamers would actually prefer to have a whole season of a show available to watch at their own pace,” said Netflix Chief Content Officer Ted Sarandos at the time.

While some say the decade technically ends a year from now, the end of this year will be marked by many as the conclusion of the second decade of the 21st century. And as the new decade begins, the trend may start to reverse.

AT&T’s (N:) forthcoming HBO Max streaming service will debut one new episode of its original series per week. Walt Disney Co’s (N:) Disney+ is releasing episodes weekly for new series including the Star Wars-related “The Mandalorian.” Apple (O:) released three episodes at the same time for dramas “The Morning Show” and “See” – and is doing so for most other Apple series – followed by one episode per week.

Media companies are hoping a longer release schedule will generate buzz and create more of a shared experience among viewers.

Just like the old days.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Sports and General News

Ratings agencies take UK off downgrade watch after Johnson’s win

2/2 © Reuters. The full moon is seen rising behind skyscrapers at Canary Wharf and the London skyline, London, Britain © Reuters. The full moon is seen rising behind skyscrapers at Canary Wharf and the London skyline, London, Britain 2/2

(Reuters) – Ratings agencies Standard & Poor’s and Fitch scaled back their warnings that Britain might suffer a new credit downgrade, saying Prime Minister Boris Johnson’s emphatic election victory last week reduced the risk of a no-deal Brexit next month.

S&P raised Britain’s outlook to stable from negative while Fitch took the country off its rating watch negative list although it kept its broader outlook at negative.

Johnson won a bigger-than-expected parliamentary majority in last week’s election, breaking the deadlock in Westminster over how or even whether to proceed with Brexit. Britain is scheduled to leave the European Union on Jan. 31.

Johnson now plans to pass legislation to prevent the country asking for an extension to a Brexit transition period which is due to expire on Dec. 31, 2020.

Many trade experts say that leaves too little time to hammer out an agreement on future trade ties, raising the prospect of tariffs and other barriers to commerce.

S&P said it expected a no-deal Brexit at the end of next year would be avoided by London asking for more time.

“Despite the government’s current stance, we expect that the UK will seek, and the EU will grant, an extension beyond December 2020 to negotiate the future relationship between the two,” the ratings agency said.

Fitch said the risk of a “cliff-edge” Brexit at the end of next year had not disappeared.

S&P’s sovereign credit ratings for the country stand at AA/A-1+. Fitch affirmed its AA rating.

In November, Moody’s downgraded the outlook on Britain’s Aa2 rating to negative from stable, saying Brexit had been a catalyst for an erosion in the country’s institutional strength.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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UK election: The key seats to watch out for

A look at the key seats in the election this year and what time they will be declaring their results later today

It’s election day! Now, I’m just going to dive straight into the details in this post here. If you need more background about the election i.e. polls and timings, you can check out our other previews and primers as highlighted above (⬆️).

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The first seats declaring

UK 1

This could be as early as around 2300 GMT (yes, just one hour after the polling stations close) but they will be northern seats so the expectation is that we should see Labour keep control of them. If anything, just watch for any further narrowing in the Labour majority as that could be a precursor to how Jeremy Corbyn’s night is going to pan out.

The ‘red wall’

UK 2
UK 3
UK 4

This is something I’ve been talking about since the start of the week. Essentially, these are seats where Labour are keeping a stronghold over but it is the place where Boris Johnson is trying to break through in order to try and boost his odds for a majority.

It is tough for the Conservatives to rely on the usual swing seats, so Johnson’s strategy is to try and breach the ‘red wall’ by leveraging off Corbyn’s fading popularity in some of these areas – especially the marginals (I highlighted the key ones).

These seats should start declaring from around 0100 GMT with the results to come thick and fast from 0200 GMT onwards, so keep an eye on that.

“Portillo moment”?

UK 5

There could be many potential ones during the night but perhaps this is the most relevant one to keep an eye out for. Dominic Raab will be battling against the Lib Dems on this one. If he loses, it could be a real chink in the Brexit armor for the Conservatives.

Tories have to watch their back

UK 6

As they launch an offensive against the ‘red wall’, the Conservatives will have to make sure that they don’t surrender any further ground to Labour. If Corbyn is to enjoy a good night out on the town, these are the seats he needs to try and make some headway in.

As such, if the Conservatives lose ground here, it may potentially undo any good work they can possibly achieve in trying to breach the ‘red wall’.

The outside runner

UK 7

There has been plenty of talk about the revival of the Lib Dems but considering how this election may end up being a divide in Brexit opinions, they could be very well be caught in the middle with nothing much to shout about.

That said, if they are to make waves, these seats will be the ones to watch for. Any swing away from the Conservatives especially will put a serious dent on Johnson’s majority bid.

The Scottish risk

UK 8

The SNP may also be one to potentially spoil Johnson’s night so keep an eye on these seats as well just in case. If anything, a win here for the SNP may embolden calls for another Scottish referendum but just take note that some of the seats they are looking to keep are also marginals so it could swing either way.

The election playbook

The exit polls will be released around 2230 GMT to 2300 GMT so look towards that as being the first real driver of pound sentiment. Afterwards, it will all come down to the results in the key seats that I highlighted above.

Generally, you can expect some indication around 0100 GMT already but the slew of results should trickle in some time between 0200 GMT to 0300 GMT. Depending on what the exit polls say, watch for any breaches in the ‘red wall’ first and foremost.

If Labour manages to keep the ‘red wall’ in tact, it diminishes the odds of a Conservative majority. During the time, watch also for the key seats that the Conservatives have to defend – including possible “Portillo moments” in Raab or even Johnson’s own seat.

Around 0400 GMT to 0500 GMT, it should be clear where things stand – especially when it comes to seats contested by the Lib Dems and the SNP – so we can get a better overview of what the final result will be.

That said, markets should already be reacting and pricing in such an outcome as the key results trickle in – since we should all already get a sense of how things are playing out.

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Watch live: Judiciary Committee holds first impeachment hearing

Impeachment report accuses Trump of compromising national security

Latest updates on the impeachment inquiry

  • The House Judiciary Committee will hold its first hearing of the impeachment inquiry beginning at 10 a.m., featuring testimony from four constitutional law experts.
  • On Tuesday, the House Intelligence Committee voted to adopt a 300-page report by Democrats on President Trump’s actions toward Ukraine, accusing him of abusing his office and endangering national security.
  • The 13-9 vote fell along party lines.

Washington — The House Judiciary Committee is taking the reins of the impeachment inquiry as the panel holds its first hearing of the next stage of the probe.

The committee, which will be responsible for drafting potential articles of impeachment, will hear from four constitutional law experts — Noah Feldman, Pamela Karlan, Michael Gerhardt and Jonathan Turley — beginning at 10 a.m.

On Tuesday, the House Intelligence Committee voted to endorse a 300-page report written by the Democratic majority on President Trump’s dealings with Ukraine, accusing the president of abuse of power.

The vote fell along party lines, with 13 Democrats voting to endorse the report and nine Republicans dissenting. The report was written by Democratic staffers on the House Intelligence, Foreign Affairs and Oversight Committees.

“This report chronicles a scheme by the president of the United States to coerce an ally, Ukraine, that is at war with an adversary, Russia, into doing the president’s political dirty work,” House Intelligence Committee Chairman Adam Schiff said on Capitol Hill.

The report says the president “sought to undermine the integrity of the U.S. presidential election process” and “ordered and implemented a campaign to conceal his conduct from the public and frustrate and obstruct the House of Representatives’ impeachment inquiry” once his actions were uncovered.

The report was sent to the Judiciary Committee, along with a separate document prepared by Republican members defending the president.


​Who is Jonathan Turley?

Federal Spending Oversight And Emergency Management Subcommittee Holds Hearing On War Powers And Military Spending
Jonathan Turley testifies during a hearing on Capitol Hill on June 6, 2018. Aaron P. Bernstein/Getty

8:15 a.m.: Turley is the J.B. and Maurice C. Shapiro Professor of Public Interest Law at The George Washington University Law School, which he joined as a faculty member in 1990. He is also a CBS News legal analyst and one of the country’s most recognized legal commentators.

A witness during the Clinton impeachment proceedings, Turley has been critical of the Democrats’ handling of the current inquiry, as well as the White House’s arguments against cooperating with the probe. Turley has written and testified extensively on executive privilege.

He has testified before Congress on a number of other occasions, including the Senate confirmation hearings of Attorneys General Loretta Lynch and William Barr, as well as the Supreme Court nomination of Associate Justice Neil Gorsuch.

​Who is Michael Gerhardt?

michael-gerhardt.jpg
Michael Gerhardt. Steve Exum/UNC School of Law

8:00 a.m.: Gerhardt is the Burton Craige Distinguished Professor of Jurisprudence at the University of North Carolina School of Law, where he has been a faculty member since 2005.

​Who is Pamela Karlan?

pam-karlan.jpg
Pamela Karlan Courtesy of Stanford Law School

7:18 a.m.: Karlan is the Kenneth and Harle Montgomery Professor of Public Interest Law and co-director of the Supreme Court Litigation Clinic at Stanford Law School, where she has been on faculty since 1998. According to her Stanford biography, she holds three degrees from Yale University and clerked for Supreme Court Justice Harry Blackmun. Karlan was also a deputy assistant attorney general in the Civil Rights Division at the Justice Department.

Karlan has written “leading casebooks on constitutional law, constitutional litigation, and the law of democracy, as well as numerous scholarly articles,” according to Stanford.

​Who is Noah Feldman?

noah-feldman.jpg
Noah Feldman Courtesy of Harvard Law School

6:30 a.m.: Feldman is the Felix Frankfurter Professor of Law and director of the Julis-Rabinowitz Program on Jewish and Israeli Law at Harvard Law School. A Rhodes scholar, Feldman graduated summa cum laude from Harvard University and earned his law degree at Yale, according to his Harvard biography.

Feldman clerked for Supreme Court Justice David Souter in the late 1990s and served as a senior constitutional adviser to the Coalition Provisional Authority in Iraq after the U.S. invasion in 2003, where he then helped Iraqi officials draft an interim constitution.

​How to watch Wednesday’s impeachment hearing

  • Date: Wednesday, December 4, 2019
  • Time: 10 a.m. ET
  • Who: Four constitutional law experts: Noah Feldman, Pamela Karlan, Michael Gerhardt and Jonathan Turley
  • Online stream: CBSN, in the player above and on your mobile or streaming device
  • On TV: Your local CBS station

​Key findings from the Democratic impeachment report

5:00 a.m.: The report released Tuesday laid out nine findings of the investigation, including:

  • The president “solicited the interference of a foreign government, Ukraine, in the 2020 U.S. presidential election” and “sought to undermine the integrity of the U.S. presidential election process.”
  • Mr. Trump “sought to pressure and induce Ukraine’s newly-elected president, Volodymyr Zelensky, to publicly announce unfounded investigations” to benefit the president politically.
  • “President Trump ordered the suspension of $ 391 million in vital military assistance” to Ukraine “without any legitimate foreign policy, national security, or anti-corruption justification.
  • “Faced with the revelation of his actions, President Trump publicly and repeatedly persisted in urging foreign governments, including Ukraine and China, to investigate his political opponent.”
  • “President Trump ordered and implemented a campaign to conceal his conduct from the public and frustrate and obstruct the House of Representatives’ impeachment inquiry.”

Stefan Becket


​Democrats to focus on “ABCs of high crimes and misdemeanors” at hearing

4:30 a.m.: Democratic staffers working on the impeachment inquiry held a conference call to preview the party’s strategy heading into Wednesday’s hearing before the Judiciary Committee. Four legal experts will appear for questioning before lawmakers to “explain the scope of that constitutional standard of impeachment.”

“The hearing tomorrow will explore the extent to which this powerful, powerful evidence we now have of the president’s conduct implicates all of these dangers,” one of the staffers said. “You can think of them as the ABCs of high crimes and misdemeanors: abuses of power, betrayal of national security connected to foreign interest and corruption of our elections.”

Asked whether the questions will be limited to the material in the House Intelligence Committee’s report, one staffer said, “We will certainly have a primary focus on the Intelligence Committee report but we will see what other information comes up tomorrow,” suggesting Democrats may raise questions related to actions by the president described in the Mueller report. — Rebecca Kaplan


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