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Jan 27, 2017
01/17
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the u.k.. guy: the british prime minister talking about what could a deal you -- deals look like an house and biotic that relationship could be. i want to take you to my terminal. let's get this up here on the screen. this is the united states. this is its trading relationships. i have dropped down to the deficit. the u.k. has a reasonably balanced trading relationship with the united states, unlike china, mexico, germany, japan where it runs a defecate -- deficit. issuesre significant surrounding gm foods, access, a whole bunch of factors that need to begin with. macro the broad brush story, the u.k. and the united states are fairly equal, but clearly the u.s. economy is massive compared to the u.k.'s varied -- you k's. how significant is this trip? >> i think it is important. the fact that trump sees the relationship with the u.k. being theical to discuss -- success of his administration. what is important is trying to flesh out what he has in mind in terms of a relationship. ofresa may, the
the u.k.. guy: the british prime minister talking about what could a deal you -- deals look like an house and biotic that relationship could be. i want to take you to my terminal. let's get this up here on the screen. this is the united states. this is its trading relationships. i have dropped down to the deficit. the u.k. has a reasonably balanced trading relationship with the united states, unlike china, mexico, germany, japan where it runs a defecate -- deficit. issuesre significant...
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Jan 28, 2017
01/17
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-u.k.ing about relations of the truck administration. we go to lexington, kentucky. good morning, napoleon. democrat's line. caller: good morning. is we gotike to say to wait and not give president trump so much credit about what he is doing. until he gets his business -- which hefar as recognized. -- l we get that straight [indiscernible] fervor inhere equal the u.k., or concern for admittance of muslims to the u.k.? guest: certainly on the right there is. immigration was one of the day talking points around the brisket --, the brexit referendum. there is a cultural difference in the u.k. the muslim population in the u.k. mix of 4.5%. there are 2 million muslims living in the u.k.. that is lower in france and germany. host: but a high percentage in the u.s.? guest: that is correct. the anti-immigration debate was prompted by the freedom of movement in the european union, and concerns about polish workers and eastern europeans coming to take british jobs. perhaps more in line with american
-u.k.ing about relations of the truck administration. we go to lexington, kentucky. good morning, napoleon. democrat's line. caller: good morning. is we gotike to say to wait and not give president trump so much credit about what he is doing. until he gets his business -- which hefar as recognized. -- l we get that straight [indiscernible] fervor inhere equal the u.k., or concern for admittance of muslims to the u.k.? guest: certainly on the right there is. immigration was one of the day...
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Jan 27, 2017
01/17
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the u.k. chancellor philip hammond says the u.k. will play by the rules of long as it remains in the e.u. >> we will continue to abide by the rules and regulations and laws of the european union, first a long as we are members. of course we want to strengthen our trade ties with the very many trade partners we have around the world, but we are very mindful of our obligations. says thehe kremlin russian president vladimir putin is said to speak by phone with donald trump over the weekend. the conversation is set for tomorrow. putin congratulated trump on his victory, but the kremlin says they have not spoken since them. -- since then. proposedax on mexico would affect a wide range of products. the u.s. imported avocados and many other vegetables for mexico. mexico sells more than twice as much fresh fruit to the u.s. as the number two importer, chile. wine and beer led the category. the white house press secretary sean spicer says an investigation into what president trump said was wide fred -- widespread voter fraud, is about unders
the u.k. chancellor philip hammond says the u.k. will play by the rules of long as it remains in the e.u. >> we will continue to abide by the rules and regulations and laws of the european union, first a long as we are members. of course we want to strengthen our trade ties with the very many trade partners we have around the world, but we are very mindful of our obligations. says thehe kremlin russian president vladimir putin is said to speak by phone with donald trump over the weekend....
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Jan 27, 2017
01/17
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the u.k. prime minister hopes to lay the groundwork or a post-brexit trade deal. flattening the curve. the boj buys out more bonds to keep yields low sending the yen into its biggest decline in a week. the swiss banks profit more than triples in the fourth quarter. we break down the numbers later this hour. ♪ anna: very warm welcome to bloomberg daybreak: europe. from here in london. let us get straight to the numbers in ubs. profit has increased substantially. let us talk through how well they have done over the estimates including a rally in equity boosting banks security. you seeof those areas substantial improvements. increasing profit year on year. to give you an idea of the uplift in profits, fourth-quarter pretax profit 848 million swiss franc versus 234 million swiss franc's, the same period a year ago. inus is on the ground switzerland talking to the ceo of ubs at 6:45 a.m. london time. let us pull up the risk radar. show you where we are on various metrics. the boj is evident here.
the u.k. prime minister hopes to lay the groundwork or a post-brexit trade deal. flattening the curve. the boj buys out more bonds to keep yields low sending the yen into its biggest decline in a week. the swiss banks profit more than triples in the fourth quarter. we break down the numbers later this hour. ♪ anna: very warm welcome to bloomberg daybreak: europe. from here in london. let us get straight to the numbers in ubs. profit has increased substantially. let us talk through how well...
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Jan 24, 2017
01/17
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u.k. has ruled she must get parliament's permission before triggering the two-year countdown for leaving european union. when the u.k. withdrawals sourcee eu treaties, a of u.k. law will be cut off. further, certain rights enjoyed the u.k. citizens will be changed. therefore, the government cannot trigger article 50 without parliament are the rising that course. >> the decision threatens the prime minister's deadline for starting the process. some errors of the conservative party are worried she could hurt the economy like jeopardizing trade and control of immigration. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. let's get a recap of today's market action. green across the board, record highs for the s&p 500 and the nasdaq. you see the big gainer of the three major indices was the nasdaq. the nasdaq also doing well -- the dow also doing well, less than 100 points away from the level people had been looking fo
u.k. has ruled she must get parliament's permission before triggering the two-year countdown for leaving european union. when the u.k. withdrawals sourcee eu treaties, a of u.k. law will be cut off. further, certain rights enjoyed the u.k. citizens will be changed. therefore, the government cannot trigger article 50 without parliament are the rising that course. >> the decision threatens the prime minister's deadline for starting the process. some errors of the conservative party are...
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Jan 26, 2017
01/17
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the u.k. in the u.s. we produce for the u.k. right now there is more optimism in the u.s. economy and people think that the next few years, if you look at the stock market and consumer confidence, it has been able in a short time to build up. we have to continually assess what changes in policy due to our business. anna: does your excitement around growth in the united states, does that compensate for fears around trump's worldview and what he means for global companies, such as unilever? >> we are global, but we are local. in america, we have american workers and sell products for the americans. in that sense, we are the same as any other country. but we do have to look at this changing environment. as you have seen over the last few years, the geopolitical tensions in the world do not make it easier. people,usiness hopefully responsible business people, have to do with this political process. when it gets to tougher issues like climate change or refugees, the complex we are seeing -- the con
the u.k. in the u.s. we produce for the u.k. right now there is more optimism in the u.s. economy and people think that the next few years, if you look at the stock market and consumer confidence, it has been able in a short time to build up. we have to continually assess what changes in policy due to our business. anna: does your excitement around growth in the united states, does that compensate for fears around trump's worldview and what he means for global companies, such as unilever?...
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Jan 24, 2017
01/17
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when the u.k. have to pay? no particularve view, but some ministers have raised the issue of paying for access but that will be a decision for the government. we want to make sure that customers across europe can carry on getting the financial services they need from london, and london can continue to get the financial services they need from banks across europe. francine: how much are you worried that your banks will be taking decisions to leave london ? some banks are taking precautionary steps to move certain bankers to paris. the ceo of ubs told me they were taking potential measures to move bankers to frankfurt. if this takes too long, will they have already left? anthony: banks have to plan ahead. what we do not know is what legal framework there will be for banks based in the u.k. to carry on with corporate customers across europe. they are planning for that as the eventuality, and they are all doing contingency plans, looking at what they need to do, what changes they need to make. i can say the banks a
when the u.k. have to pay? no particularve view, but some ministers have raised the issue of paying for access but that will be a decision for the government. we want to make sure that customers across europe can carry on getting the financial services they need from london, and london can continue to get the financial services they need from banks across europe. francine: how much are you worried that your banks will be taking decisions to leave london ? some banks are taking precautionary...
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Jan 29, 2017
01/17
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the j curve in terms of devaluation has never worked for the u.k. the u.k. did it for 200 years before joining the european union, constantly devaluating. how much, i don't know. but the differential between us and europe will need to be several percent. >> my colleague francine sat weekin madrid this botin.na >> you did 19% of your revenue in the u.k. we have not had article 50 yet. consumer spending has been holding up. what happens when article 50 is triggered? >> who knows? in the short-term the u.k. is doing well. the last six month seven good and they should be positive for the next six months. inflation will hurt consumers obviously. we are respecting lower growth in the u.k. for 2017. not as low as we expected before. we still expect growth, lending to grow less but still to grow. again in this context, the u.k. has a great job this year. we absolutely are totally committed to the u.k. is a local british bank. we have grown our lending, from loyal customers. it will be less growth is still positive and this is important. francine: if the u.k., as it
the j curve in terms of devaluation has never worked for the u.k. the u.k. did it for 200 years before joining the european union, constantly devaluating. how much, i don't know. but the differential between us and europe will need to be several percent. >> my colleague francine sat weekin madrid this botin.na >> you did 19% of your revenue in the u.k. we have not had article 50 yet. consumer spending has been holding up. what happens when article 50 is triggered? >> who...
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Jan 5, 2017
01/17
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u.k. that thehe u.k. that adopted a business as usual approach. i'm going to go out there and look for opportunities, market niche is and trade my way through. ignore the uncertainty and do the best i can. great results for the first quarter of 2016 and they are expecting that to continue for the early months of 2017. manus: our business is just getting on with business? constant white noise in the background. are they trying to, as it were, separate church and state? yes: the simple answer is when a lot of firms tell me they have their head down. saying i tried not to listen and focus on the fundamentals of my business and make investment decisions accordingly. the results of our survey bear that out. you see firms saying they are going to grow their investment in machinery. growth is quot -- not at the highest ever, it is positive to see those doing that. the trouble is, are you in danger of being too optimistic? we have something of a sweet spot where we are benefiting from the weakness of the pound. thehave not yet seen negative in reduced opp
u.k. that thehe u.k. that adopted a business as usual approach. i'm going to go out there and look for opportunities, market niche is and trade my way through. ignore the uncertainty and do the best i can. great results for the first quarter of 2016 and they are expecting that to continue for the early months of 2017. manus: our business is just getting on with business? constant white noise in the background. are they trying to, as it were, separate church and state? yes: the simple answer is...
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Jan 31, 2017
01/17
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what we have done in the last intercede ono behalf of u.k. nationals, which is our job, and u.k. passport holders, we have secured very a fortune protections for them. >> dr. julia louis. >> donald trump is a known unknown, we know he will do and say unpredictable things, and often just as quickly abandoned the positions. he will learn as he goes along, what we have to remember is that our security and that of europe depends on the atlantic alliance. does my honorable friend agree with me that there must be no question of our refusing to welcome him to the shores in the hope of setting him along the right path as soon as possible to our mutual benefit? mr. johnson: my honorable friend , it would be entirely right in the sense that the prime dayster succeeded the other and getting her message across about the north atlantic alliance, about nato, and about president trump's commitment to that alliance, it is vital for our security. think verysident is much in the right place on that. here -- he sets up said so. the incoming president of our closest and most important ally should be
what we have done in the last intercede ono behalf of u.k. nationals, which is our job, and u.k. passport holders, we have secured very a fortune protections for them. >> dr. julia louis. >> donald trump is a known unknown, we know he will do and say unpredictable things, and often just as quickly abandoned the positions. he will learn as he goes along, what we have to remember is that our security and that of europe depends on the atlantic alliance. does my honorable friend agree...
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Jan 16, 2017
01/17
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the u.k. as a tax haven? i think that would sit uncomfortably with those who saw brexit as a vote against establishment and with the promise of ringing back a more democratic form of conservatism justify doing that in turning the u.k. into a tax haven? we will see you tomorrow, no doubt. coming up, the founder of the this isonomic forum, bloomberg. mark: you are watching the european close. i'm dark barton. the presidency of donald trump which starts on friday is a key topic at davos. erik schatzker spoke to the founder and executive chairman of the world economic forum. trump what he said about who has said some things that are at odds with many attendees. guest: we look forward to the state of the union message, what actually is the policy of the united states will be. areink at the end, we living in a global community and a global world which is interrelated and interconnected and interdependent. just move out of globalization. maintain ae to certain may be more fair of global trade, so let's see what's co
the u.k. as a tax haven? i think that would sit uncomfortably with those who saw brexit as a vote against establishment and with the promise of ringing back a more democratic form of conservatism justify doing that in turning the u.k. into a tax haven? we will see you tomorrow, no doubt. coming up, the founder of the this isonomic forum, bloomberg. mark: you are watching the european close. i'm dark barton. the presidency of donald trump which starts on friday is a key topic at davos. erik...
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Jan 25, 2017
01/17
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francine: if the u.k. loses passporting rights, does it make any difference to how you operate and manage the u.k.? ana: for us, and makes no difference. obviously what we care about is our customers. it will affect our customers. this is what we all need to think about as we work out what is going to be the new relationship between the u.k. and the consonant. -- consonant. we need to think about that and the people. there's a lot of british people on the continent. i think this 50 million they were saying last year. let's think about the people and the customers and the small companies trading between the u.k. and europe as we work out. francine: in terms of ppi, there was a small chart for the fourth quarter. are you over the fines now in the case? u.k.? francineana: we do not expect mh more. francine: we were talking to ceos in davos and many people thought about opening banks in frankfurt. do you get a sense that a a lot of these bankers would move talent to madrid? it is a financial center. ana: of co
francine: if the u.k. loses passporting rights, does it make any difference to how you operate and manage the u.k.? ana: for us, and makes no difference. obviously what we care about is our customers. it will affect our customers. this is what we all need to think about as we work out what is going to be the new relationship between the u.k. and the consonant. -- consonant. we need to think about that and the people. there's a lot of british people on the continent. i think this 50 million they...
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Jan 19, 2017
01/17
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the u.k. to leave the eu. we will be speaking to avoid like fine. the german reaction to the ecb finance minister, speaking to bloomberg following the central bank's decision. welcome back. this is davos. it is a day earlier. aam delighted to kick off conversation on real estate. we just look to the u.k. chancellor, philip hammond. we were trying to figure out what brexit for job losses. one person who is watching this changing of the guard. cofounder of soho china. thank you for joining us. you have great global perspective and you give us a unique insight into the chinese market. how do you see real estate going around the world, are we going to pick up in u.s. real estate and the deafening in u.k. real estate? yes: i spent a few days in london trying to understand the brexit impact on u.k. real estate and trying to understand what is the reduction for financial service companies in london? and then i can translate that into square footage. i'm hearing different numbers. some people talk abo
the u.k. to leave the eu. we will be speaking to avoid like fine. the german reaction to the ecb finance minister, speaking to bloomberg following the central bank's decision. welcome back. this is davos. it is a day earlier. aam delighted to kick off conversation on real estate. we just look to the u.k. chancellor, philip hammond. we were trying to figure out what brexit for job losses. one person who is watching this changing of the guard. cofounder of soho china. thank you for joining us....
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Jan 18, 2017
01/17
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london, u.k. still remains the best place for global banks. then a u.k. retail bank, which headquartered in birmingham. that is affected by any slowdown in the u.k. economy. so what happens in terms of gdp growth and an -- and unemployment will hit to those operations as negative. that's the bit in which i said publicly that there are about a thousand jobs that are carrying out activities with european legislation. they will probably need to go to france. there's no rush for us to do that at this moment. bankers haveellow to make decisions pretty quickly now given that the u.k. said it the singleout of market, about applying for licenses in some of the eu countries. we don't have to do that. the bigger issue, as you say, are the eu nationals. we have about 1300 non-eu nationals on work permits. policy is ofation considerable interest. we want to get the best possible people. i didn't get any sense that she isn't looking to create an environment where we can't employ the best people in the world. that was stuart gulliver speaking to bloomberg. making the a
london, u.k. still remains the best place for global banks. then a u.k. retail bank, which headquartered in birmingham. that is affected by any slowdown in the u.k. economy. so what happens in terms of gdp growth and an -- and unemployment will hit to those operations as negative. that's the bit in which i said publicly that there are about a thousand jobs that are carrying out activities with european legislation. they will probably need to go to france. there's no rush for us to do that at...
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Jan 5, 2017
01/17
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u.k. the biggest gain since july. shares up by 7%. and 8% rise in revenue. forward sales rate. executive spoke to us earlier. he said the second half of 2016 was particularly strong. this was a stock that fell by 44% after brexit, how things have changed. homebuilders offer significant value according to deutsche bank. pmi data continues to sell. reflecting the economic strength. these are the big three. services is white. can traction, blue. manufacturing, yellow. strongest in 2.5 years. the indications are that it grew by 0.5% in the quarter. this is a great chart that highlights the data beats we have seen in the u.k. this is the bloomberg economic surprise index. every figure above zero shows that data is beating estimates. white line is the six -- fixed manufacturing index. is low,uring production but it should follow the pmi figures as they do tend to follow each other closely and it does lag the pmi data. the economy is in good shape post-brexit. will 2017 be a different story? vonn
u.k. the biggest gain since july. shares up by 7%. and 8% rise in revenue. forward sales rate. executive spoke to us earlier. he said the second half of 2016 was particularly strong. this was a stock that fell by 44% after brexit, how things have changed. homebuilders offer significant value according to deutsche bank. pmi data continues to sell. reflecting the economic strength. these are the big three. services is white. can traction, blue. manufacturing, yellow. strongest in 2.5 years. the...
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Jan 19, 2017
01/17
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the u.k. chancellor tells bloomberg the nitty-gritty of brexit talks will take some time. >> negotiations could be very short, but i expect they won't be. we should be able to agree quite easily on principles, but working through the detail will take longer. francine: and we hear from prime minister theresa may. she speaks to bloomberg this afternoon. ecb prepares to deliver its latest policy decision. jamie dimon found a pessimistic about the future of europe. the eurozone may not survive. that is a very complex thing. >> that is a pessimistic view of europe. pessimistic,-term yes. unless they change. francine: good morning. this is "bloomberg surveillance ." i'm francine lacqua in davos or the world economic forum. we are in today three. tomorrow, we are live from the forum. a whole host of interviews coming up later today on piereillance" including carlo padoan and goldman sachs ceo lloyd blankfein. let's get straight to the bloomberg first word news. here's sebastian salek. sebastian: the
the u.k. chancellor tells bloomberg the nitty-gritty of brexit talks will take some time. >> negotiations could be very short, but i expect they won't be. we should be able to agree quite easily on principles, but working through the detail will take longer. francine: and we hear from prime minister theresa may. she speaks to bloomberg this afternoon. ecb prepares to deliver its latest policy decision. jamie dimon found a pessimistic about the future of europe. the eurozone may not...
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Jan 21, 2017
01/17
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. >> u.k.'s plans take a different focus. >> i want to negotiate a big free trade agreement with your. >> leadership outlook for the year ahead and their insight into changes on the global horizon. >> there is expectation that 2017 will be better than 2016. >> r bets on technology. >> the middle class is disillusioned by the future. the most important influence in the world right now is populism. >> it is all straight ahead on "bloomberg best." ♪ erik: hello, i'm erik schatzker. welcome to davos and welcome to "bloomberg best." of newskly analysis from around the world. chance tod the discuss the world's big stories with some of the world's finest minds. let's take a look at the top headlines. off as as starting year of geopolitics led by brexit and the incoming trump administration, but no single country has more of a global impact than china. >> no one will emerge as a winner in a trade war. >> the president of china's speech has a major message, a message that says, let's recognize the fact
. >> u.k.'s plans take a different focus. >> i want to negotiate a big free trade agreement with your. >> leadership outlook for the year ahead and their insight into changes on the global horizon. >> there is expectation that 2017 will be better than 2016. >> r bets on technology. >> the middle class is disillusioned by the future. the most important influence in the world right now is populism. >> it is all straight ahead on "bloomberg...
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Jan 9, 2017
01/17
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u.k. will leave the single market, suggesting that immigration seems to be the priority or she promises more detail in the coming weeks. manus: the pound dropped 1% on the back of that news. the autossure on sector as carmaker's gather in detroit for the annual auto show. we speak to the ceo of rolls-royce live on "daybreak". this is bloomberg. ♪ anna: welcome back, 6:20 a.m. in london. >> thank you. newung electronics hit a record high after posting its best operating profit in three years. they are writing point demand from china. the business has proven of thent to the loss galaxy note 7 after the device bursting into flames forced it to withdraw the handset. donald trump facing pushback against his america first policy , putting pressure on the u.s. auto industry to stop making cars in mexico and bring jobs back home. motors ceo mary barra says she won't change production plan simply because the president-elect sends critical tweets. gm is shifting production of its compact suv from
u.k. will leave the single market, suggesting that immigration seems to be the priority or she promises more detail in the coming weeks. manus: the pound dropped 1% on the back of that news. the autossure on sector as carmaker's gather in detroit for the annual auto show. we speak to the ceo of rolls-royce live on "daybreak". this is bloomberg. ♪ anna: welcome back, 6:20 a.m. in london. >> thank you. newung electronics hit a record high after posting its best operating profit...
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Jan 25, 2017
01/17
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u.k. from spain. we talked about trunk don't protectionism -- about trunk trump protectionism. i asked her whether madrid could attract some of the bankers. ana: in the short-term, the u.k. is doing well. the last six months have been good. it should be positive for the next six months. inflation will hurt consumers, obviously. we are expecting low growth in the u.k. for 2017. not as low as we expected before. we expect lending to grow less, but still grow. santander has done a great job this year. we are totally committed to the u.k. as a local british bank. we have grown our loyal customers. it will be less growth, but still positive. does a loss of passporting rights change how you operate and manage the u.k.? ana: for us, it makes no difference. we are a british bank. obviously, what we care about is our customers. it will affect our customers. this is what we need to think about as we work out what is going to be the new relationship between the u.k. and the continent. we need to thin
u.k. from spain. we talked about trunk don't protectionism -- about trunk trump protectionism. i asked her whether madrid could attract some of the bankers. ana: in the short-term, the u.k. is doing well. the last six months have been good. it should be positive for the next six months. inflation will hurt consumers, obviously. we are expecting low growth in the u.k. for 2017. not as low as we expected before. we expect lending to grow less, but still grow. santander has done a great job this...
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Jan 17, 2017
01/17
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the u.k. out of jurisdiction of european courts, and signing major free-trade deals. deal foron was a big voters, and without free movement, the u.k. cannot remain part of the single market. today's speech is being billed as theresa may's complete and andl plan for negotiations is expected to be a disappointment for business groups hoping to maintain the classical ties. jobs ande a shift in operations from london, so in a nutshell, theresa may is to make it clear that a watered-down version of brexit is not acceptable. thanks, sophia. let's add a few more elements and see what's happening with the markets. juliette saly has all the details. juliette: i'm watching the pound, gaining back some of yesterday's losses, up .2% against the dollar, but still handle, the level it felt to yesterday following that sunday times report which essentially leaked a lot of what to reason may is likely to say later today. this is the first time in the last couple of days that we have seen the pound at this leve
the u.k. out of jurisdiction of european courts, and signing major free-trade deals. deal foron was a big voters, and without free movement, the u.k. cannot remain part of the single market. today's speech is being billed as theresa may's complete and andl plan for negotiations is expected to be a disappointment for business groups hoping to maintain the classical ties. jobs ande a shift in operations from london, so in a nutshell, theresa may is to make it clear that a watered-down version of...
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Jan 19, 2017
01/17
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the u.k. chancellor of the exchequer in that interview is coming up in the next hour. plus german reaction to the ecb pick -- to the ecb. ♪ manus: welcome to "bloomberg daybreak: europe." it's our flagship morning show right here from the city of london. francine lacqua is settled in for a long and hopefully joy -- enjoyable ride at the world economic forum in davos. another day of great guests. you're going to kick it off of the little bit more of a swiss labor to today's agenda. francine: it's certainly very cold but we will bring you some pretty good interviews to figure out what 2017 has in store. we will speak or to the -- we will speak to the chancellor of the s checker and we will speak -- of the exchequer and we will speak to theresa may. in the post-brexit, once they start negotiating, what do you do if you are a ceo? do you start planning now and do you start moving jobs from now? ubs and hsbc and we know they are getting ready. we will now see what the government thinks they can a
the u.k. chancellor of the exchequer in that interview is coming up in the next hour. plus german reaction to the ecb pick -- to the ecb. ♪ manus: welcome to "bloomberg daybreak: europe." it's our flagship morning show right here from the city of london. francine lacqua is settled in for a long and hopefully joy -- enjoyable ride at the world economic forum in davos. another day of great guests. you're going to kick it off of the little bit more of a swiss labor to today's agenda....
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Jan 27, 2017
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the u.k. is technically barred from entering any trade agreements while it is still in the eu. then you had the portuguese and the italian finance ministers saying that a bigger danger was protectionism from the united states. in u.k. chancellor arriving brussels today, actually tried to calm things down. he ended up with a tone that was a bit conciliatory. hammond: it is important -- it is very important that we do not close ourselves into our own economies. that is the main message. >> we have a huge trade in the united states and a strong bilateral relationship already. there are many things we can do to reinforce our trade partnership with the u.s., increase the amount of trade we do with the u.s. while we are still inside the european union, and always complying fully with the rules of the european union, of course. of course we have said any times that as long as we are members, it is in our dna. we will comply fully with the rules. vonnie: clearly, if -- carolyn: if teresa may secures a
the u.k. is technically barred from entering any trade agreements while it is still in the eu. then you had the portuguese and the italian finance ministers saying that a bigger danger was protectionism from the united states. in u.k. chancellor arriving brussels today, actually tried to calm things down. he ended up with a tone that was a bit conciliatory. hammond: it is important -- it is very important that we do not close ourselves into our own economies. that is the main message. >>...
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Jan 16, 2017
01/17
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., not from the u.k. this is a two-way risk, isn't it? >> i mean, that the decision of the british government and the british people to design and shape the positioning of their country. i would assume that there is a trade-off between being offshore,e and being different, with difficult access to the single market. elected stop the guy: the ceo of your next. they give very much for sharing some much of a time with us. up next, doubting devils. as the growth in the goods gather, is the annual mountaintop meeting still relevant? is this a place you want to be seen this year, given what donald trump is saying? we will hear from the founder when we come back. this is bloomberg. ♪ matt: this is the european market open on bloomberg markets. south korean prosecutors are seeking an arrest warrant for onsung groups de facto head allegations including bribery. for more, we are joined from seoul by peter pay. what's the latest on this possible billionaire arrest? chaos,, it sounds like at least at samsung. we ju
., not from the u.k. this is a two-way risk, isn't it? >> i mean, that the decision of the british government and the british people to design and shape the positioning of their country. i would assume that there is a trade-off between being offshore,e and being different, with difficult access to the single market. elected stop the guy: the ceo of your next. they give very much for sharing some much of a time with us. up next, doubting devils. as the growth in the goods gather, is the...
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Jan 28, 2017
01/17
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the highest u.k. court ruling prime minister theresa may needs the provision of parliament to trigger the countdown to brexit. >> today, by majority of 8-3, the supreme court rules that the government cannot trigger article 50 without an act of parliament. >> this government is determined to deliver on a decision taken by the people of the united kingdom and the referendum to leave the european union. we will move swiftly to do just that. >> now the government will be working to try to put before parliament a very brief simply worded document. the aim is to try to give fellow lawmakers as little to object to is possible. the third largest party in parliament said they will bring 50 amendments to what of the bill is before parliament. and then falls to the speaker of the house, you might hear more about him, he is a man who decides how many of these amendments are allowed in and how many get airtime. that will be crucial. mark: to what extent will today's ruling delay the triggering of article 50? >> i
the highest u.k. court ruling prime minister theresa may needs the provision of parliament to trigger the countdown to brexit. >> today, by majority of 8-3, the supreme court rules that the government cannot trigger article 50 without an act of parliament. >> this government is determined to deliver on a decision taken by the people of the united kingdom and the referendum to leave the european union. we will move swiftly to do just that. >> now the government will be working...
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Jan 26, 2017
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and the the u.k., certain to be on the agenda. >> and despite that brexit uncertainty, the u.k. economy finishing 2016 on strong terms, growing faster than expected at 0.6% in the fourth quarter, helped by strong consumer spending. finance minister noted that every major sector of the economy grew last year. overall, 2016 saw the u.k. economy grow 2%. slower than the previous two years, which it 2.2 and 3.1%. but 2016 will be under close scrutiny to see if the u.k. can indeed secure beneficial trade deals. in on the markets. after yesterday's record showing on wall street, stocks are u.s.y flat in the technology stocks earlier among the biggest losers, while financial companies were leading gains. digesting several key earnings today. expectations.les caterpillar beat earnings its revenue fell short. germany saw its index, the only one to finish in the green. after years of painful austerity, greiss is on track -- is on tack for a sur -- surplus, before debt repayments runs 3.5% of g.d.p. eurozone may grant athens further debt relief. the will be discussing greek economy in brus
and the the u.k., certain to be on the agenda. >> and despite that brexit uncertainty, the u.k. economy finishing 2016 on strong terms, growing faster than expected at 0.6% in the fourth quarter, helped by strong consumer spending. finance minister noted that every major sector of the economy grew last year. overall, 2016 saw the u.k. economy grow 2%. slower than the previous two years, which it 2.2 and 3.1%. but 2016 will be under close scrutiny to see if the u.k. can indeed secure...
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Jan 13, 2017
01/17
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u.k. lawmaker teresa weathers, one of just six out of 30 cabinet ministers who backed a leave vote back in june. she joins us at 9:40 u.k. time. first thing's first. let's check on your markets. we are just three days away from davos. to a lot ofpeaking former prime minister's, current prime ministers, heads of state, and ceo's. the dollar set for a weekly loss. stocks climbing. gold a touch on the up. be the mood in the market that investors are trying to assess whether markets move higher since the u.s. election may have gone a little too far. let's get straight to the bloomberg first word news. here's sebastian salek. sebastian: china's exports remained subdued last month as weak global growth laid on demand. overseas shipments fell in december while imports rose more than 3% to leave a $41 billion trade surplus. the world's largest exporter faces challenges as it braces for potential trade frictions with the u.s. under a trump presidency. fiat chrysler milan shares are on the up having
u.k. lawmaker teresa weathers, one of just six out of 30 cabinet ministers who backed a leave vote back in june. she joins us at 9:40 u.k. time. first thing's first. let's check on your markets. we are just three days away from davos. to a lot ofpeaking former prime minister's, current prime ministers, heads of state, and ceo's. the dollar set for a weekly loss. stocks climbing. gold a touch on the up. be the mood in the market that investors are trying to assess whether markets move higher...
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Jan 16, 2017
01/17
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the u.k. 10-year is down four basis points today. 1.33%. big week for u.k. data. let's get the bloomberg first word. here's sebastian salek. sebastian: donald trump has called nato obsolete and predicted other european union members will follow the u.k. in leaving the bloc. he also threatened bmw with import duties over a planned plant in mexico. trump signaled a major shift in transatlantic relations, including an interest in lifting u.s. sanctions on russia as part of a nuclear weapons reduction deal. south korean prosecutors are seeking a warrant to arrest samsung's j wiley, accused of participating in payments the company made to a close friend of the now impeached president. samsung has responded by saying it finds it hard to understand the special prosecutor's decision and that it did not provide financial support. estee lauder has agreed to buy luxottica for almost 23 billion euros. luxottica's founder and controlling shareholder will become executive chairman and ceo of the new company
the u.k. 10-year is down four basis points today. 1.33%. big week for u.k. data. let's get the bloomberg first word. here's sebastian salek. sebastian: donald trump has called nato obsolete and predicted other european union members will follow the u.k. in leaving the bloc. he also threatened bmw with import duties over a planned plant in mexico. trump signaled a major shift in transatlantic relations, including an interest in lifting u.s. sanctions on russia as part of a nuclear weapons...
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Jan 27, 2017
01/17
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that is why the u.k. has led the world in developing a strategy for preventing violent extremism and why the british and american governments are working together to take on and defeat the ideology of islamist extremism. i look forward to working with the president and his administration to step up our efforts still further in order to defeat this evil ideology. but of we should be careful to distinguish between this extreme ideology and the peaceful religion of islam and hundreds of millions of adherence, including millions of our own citizens, and those further of field who are so often the first victims of this ideology's terror. nor is it enough to focus on violent extremism. we need to address the spectrum of extremism, starting with the bigotry and hatred that can turn to violence. yet ultimately to defeat daesh, we must employ all of the diplomatic means at our disposal. that means working to secure a political solution in syria, and challenging the alliance of the syrian regime and its backers in
that is why the u.k. has led the world in developing a strategy for preventing violent extremism and why the british and american governments are working together to take on and defeat the ideology of islamist extremism. i look forward to working with the president and his administration to step up our efforts still further in order to defeat this evil ideology. but of we should be careful to distinguish between this extreme ideology and the peaceful religion of islam and hundreds of millions...
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Jan 26, 2017
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a u.k., u.s. trade deal? prime minister may: can i join the right honorable gentleman and his good wishes for a happy burns day for everybody. also recognizing the scotsman. i am sure everybody will join me in that. in termsant to achieve of arrangements with the united states is simple. we want to achieve the interest puthe united kingdom is first. that is what i will do. that we see a trade arrangement with the united states, as we will be looking forward with other parts of the world, that can increase our prosperity to the united kingdom. ensure that economy works for everyone in every part of the united kingdom. the european union, which we are still part of has amongst the hardest -- highest food safety standards in the world. we are proud to have public national health system. keen to have is health systems that are fully open to private competition. they want to export genetically organisms and chicken meat washed with chlorinated water. will the prime minister tell president trump t
a u.k., u.s. trade deal? prime minister may: can i join the right honorable gentleman and his good wishes for a happy burns day for everybody. also recognizing the scotsman. i am sure everybody will join me in that. in termsant to achieve of arrangements with the united states is simple. we want to achieve the interest puthe united kingdom is first. that is what i will do. that we see a trade arrangement with the united states, as we will be looking forward with other parts of the world, that...
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Jan 5, 2017
01/17
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u.k.'s financial regulator has issued a rebuke to president elect donald trump. turner, who headed britain's , told bloomberg that saying economies are held back by too much regulation is a childish approach. >> how does one know what donald trump is going to do as president? certainly there is no good case for a major deregulation. i think the idea that america or any other economy is held back by too much regulation, i think this is a fantasy, a childish approach to the economy, which has no justification whatsoever. juliette: the u.k. prime minister has named korea diplomat tim barrow as the country's next ambassador to the european union. the move came barely 24 hours after his predecessor resigned. in a message to his staff, he informed them of his resignation. criticized the government for not having a clear brexit plan. bitcoin has hit a record high as its popularity grows in countries where traditional currencies are tightly controlled. according to bloomberg data, it 1140 .60 yest
u.k.'s financial regulator has issued a rebuke to president elect donald trump. turner, who headed britain's , told bloomberg that saying economies are held back by too much regulation is a childish approach. >> how does one know what donald trump is going to do as president? certainly there is no good case for a major deregulation. i think the idea that america or any other economy is held back by too much regulation, i think this is a fantasy, a childish approach to the economy, which...
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Jan 12, 2017
01/17
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fresh data from u.k. retailers, how resilient is the u.k. consumer? anna: a warm welcome to "bloomberg daybreak: europe." i manus cranny. donald trump with his first press conference yesterday, seven days until his inauguration and this is what he managed to interview as the ,arkets, the trump trade because of the lack of detail, we have a great quote from oscar wilde, in matters of grave importance in terms of physical, style not sincerity. ofhas delivered a lack detail, and that's what the market has latched onto. his donald trump style -- this is the dollar index. you can saven, but the trump mania trade has faltered. anna: show me the details is the market of the message -- the message of the market. how much does he cut back on globalization and what kind of fiscal stimulus, more importantly. was that an unfair expectation? he was dominated by russia and donald trump's business interests, as we know. let's show you where we are on overnight interest. the dollar index reflecting the questioning of the trump trade, more so reflected in the dollar a
fresh data from u.k. retailers, how resilient is the u.k. consumer? anna: a warm welcome to "bloomberg daybreak: europe." i manus cranny. donald trump with his first press conference yesterday, seven days until his inauguration and this is what he managed to interview as the ,arkets, the trump trade because of the lack of detail, we have a great quote from oscar wilde, in matters of grave importance in terms of physical, style not sincerity. ofhas delivered a lack detail, and that's...
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Jan 17, 2017
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they say the u.k. consumers will face fresh headwinds. >> for understandable reasons, investment has been dampened by uncertainty with access to finance and some uncertainty over what the relationship will be with our trading partners. >> the chinese president steals the spotlight at the devil's forum. debatetsche bank ceo our at 730. this hour, we're going his first interview of the day. a warm welcome to you here on our flagship morning show. to thes get straight world economic forum. it is great to see you. hope you are draft up and ready for the lineup. what do we have to come? >> this is the coldest one in memory. we will speak to the asset management ceo about what we heard from theresa may and where the single market puts a lot of of the bank and the asset managers. have thelater, we credit suisse ceo and the back of opec cuts. thank you very much. francine will be back shortly. we have plenty to talk about. where we areou with various asset classes and the lingering concerns about what we do or
they say the u.k. consumers will face fresh headwinds. >> for understandable reasons, investment has been dampened by uncertainty with access to finance and some uncertainty over what the relationship will be with our trading partners. >> the chinese president steals the spotlight at the devil's forum. debatetsche bank ceo our at 730. this hour, we're going his first interview of the day. a warm welcome to you here on our flagship morning show. to thes get straight world economic...
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Jan 17, 2017
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are theaffairs responsibility of the u.k. government. dealing and acting in interest of all parts in the united kingdom. as prime minister, i take that responsibility seriously. i have also been determined from the start that the administration should fully be engaged in this process. that is why the government has set up a joint ministerial committee on e.u. negotiations. contribute to the process of planning for our departure from the european union. we have already received from the scottish government -- we look forward to getting a paper from the welsh government shortly. both papers will be an important part of the process. we will not agree on everything, but i look forward to working with the administrations in scotland, wales, and northern ireland to deliver a brexit that works for the whole of the united kingdom. part of that will mean working very carefully to ensure that as powers are repatriated from brussels back to britain, the right power is returned to and to scotland, wales, northern ireland. . can do so but our guiding
are theaffairs responsibility of the u.k. government. dealing and acting in interest of all parts in the united kingdom. as prime minister, i take that responsibility seriously. i have also been determined from the start that the administration should fully be engaged in this process. that is why the government has set up a joint ministerial committee on e.u. negotiations. contribute to the process of planning for our departure from the european union. we have already received from the scottish...
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Jan 10, 2017
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the u.k., cutting off access to the in march. it does european single market. the u.k. is already looking for new partners, which could include the incoming american president. >> a chance for a fresh start with the incoming administration. boris johnson was optimistic about transatlantic relations. there is a huge fund of goodwill for the united kingdom on capitol hill and a large thatre of understanding now we are trying to do a free trade deal. they want to do it. >> the u.k. government is trying to decide the terms on which the u.k. will leave the eu. negotiations are set to begin in march. the prime minister said the u.k. is set to break with the eu completely, and could curb immigration. >> i don't accept the terms hard and soft brexit. is getting theng best possible deal for the united kingdom in terms of trading with and operating with a single european market. >> more than six months after the leave the vote, the government is still struggling to find a clear exit strategy. angela mer
the u.k., cutting off access to the in march. it does european single market. the u.k. is already looking for new partners, which could include the incoming american president. >> a chance for a fresh start with the incoming administration. boris johnson was optimistic about transatlantic relations. there is a huge fund of goodwill for the united kingdom on capitol hill and a large thatre of understanding now we are trying to do a free trade deal. they want to do it. >> the u.k....
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Jan 3, 2017
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we do not think the u.k. could move away from the rest of europe but what it could do through its demands and the brexit process is move forward for the revamping of what the eu is. manus: i struggle with that because in theory chairman tried to do that. stephen: but that was superficial. george soros was referring to this in a recent article. are on a path basically towards a rebranding or a new understanding of what the eu is. manus: one would hope the french and the germans would read that article. stephen: some of the populist results could be positive for europe. manus: a positive force for change. the other dynamic is what mario draghi tries to do too counter the powder kegs. many people have talked about inflation. this is the white line. inflation rates. and the headline is what we are looking at. the whole thing has not really taken off with a flight thus far in terms of consumer prices. with the result of the fed rate decision in december, monetary policy divergence between the ecb and the fed moved
we do not think the u.k. could move away from the rest of europe but what it could do through its demands and the brexit process is move forward for the revamping of what the eu is. manus: i struggle with that because in theory chairman tried to do that. stephen: but that was superficial. george soros was referring to this in a recent article. are on a path basically towards a rebranding or a new understanding of what the eu is. manus: one would hope the french and the germans would read that...
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Jan 23, 2017
01/17
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the u.k. prime minister will become the first european leader to visit president trump as she heads to washington on friday. how special will the relationship be? and socialist showdown. -- the party presidential candidate. does this change the electoral map in france? good morning, everyone. i'm francine lacqua in london. we have a great show for you. first things first, let's get to your data check. this is the picture overall for stocks. dollar weakening, gold invited. this is a very classic risk off mood, metals and asian shares outside of japan rising. look at the stoxx, probably at its lowest yield this year. they're sliding a little bit after the underlying gauge rose on friday. a little bit of repositioning, offering pause as it's overselling its major peers. that your data. first, let's get straight to the bloomberg first word news with nejra cehic. nejra: china's state media has used donald trump's inauguration to warn about the perils of democracy. the flagship paper of china's comm
the u.k. prime minister will become the first european leader to visit president trump as she heads to washington on friday. how special will the relationship be? and socialist showdown. -- the party presidential candidate. does this change the electoral map in france? good morning, everyone. i'm francine lacqua in london. we have a great show for you. first things first, let's get to your data check. this is the picture overall for stocks. dollar weakening, gold invited. this is a very classic...
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Jan 23, 2017
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the u.k. will have to get rid of much of the safety net. 830% decline in wages in the next 20 years to enable the pace. the effect on his business may be different. guy: sadly, this is one of the strange things about business, i think it is probably bad for the majority of people in the country but my business it is going to be good. turkish lawmakers have given their approval to earn to show sweeping executive authority. in favor of making him head of the executive and abolish the job of the prime minister. the move triggers a referendum that could be held in early april. the changes would concentrate a dangerous amount of power in a single authority. news 24 hours per day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloombeg. slumps withlar donald trump's first three days in office. he begins his first week in office looking to make good on a collection, america first campaign promises is an meeting with business and labor meters leaders. issuing a n
the u.k. will have to get rid of much of the safety net. 830% decline in wages in the next 20 years to enable the pace. the effect on his business may be different. guy: sadly, this is one of the strange things about business, i think it is probably bad for the majority of people in the country but my business it is going to be good. turkish lawmakers have given their approval to earn to show sweeping executive authority. in favor of making him head of the executive and abolish the job of the...
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Jan 2, 2017
01/17
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>> my view is the the prospects for the u.k. outside the u.k. are incredibly bright. the risks of staying in are incredibly serious. >> we have had four budgets the last year and everyone of them the forecasts have been wrong. why on earth would there be a recession? francine: investors pull out money. this is what the government -- i'm not making this up. this is what the government has pointed to do. this is what mark carney is pointing to. >> a nice impartial man there. francine: do you think david cameron regrets calling the referendum? >> i think some close to him regret it. i think he thinks it is something you have to deal with , and i have some sympathy with that. >> they are set to leave the e.u. following a vote on the membership june 23 next week. which number shouldn't we believe and which numbers should we? >> it seems pretty clear the numbers have moved toward leaving. we are now looking in the internet polls around 48.5 to remain and 51.5 for leave. so not a large movement, but clearly it is there. francine: the u.k. is still digesting the news of the l
>> my view is the the prospects for the u.k. outside the u.k. are incredibly bright. the risks of staying in are incredibly serious. >> we have had four budgets the last year and everyone of them the forecasts have been wrong. why on earth would there be a recession? francine: investors pull out money. this is what the government -- i'm not making this up. this is what the government has pointed to do. this is what mark carney is pointing to. >> a nice impartial man there....
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Jan 19, 2017
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investments in the u.k.. john: a cheap currency was the incentive for some of those things and i worry about what points that becomes a phone or ability. theresa may: i think what people will look at is the fundamental strength of our economy and the opportunities that lie. this is an important part of the industrial strategy. looking at the economy for the future. looking at how we can ensure the environment in the u.k. is the right environment and best environment to do business. john: another complaint from here is the rest of europe. in the wayt reacted that some investors might want. they haven't tried to go through some of the structural reforms. do you think there is an element that the eurozone needs to move as well? two reason make: when i was talking about our objectives at the u.k. for brexit and the negotiations as part of the eu, thought it was important that the remaining states looked at the brexit vote and look to see if there were lessons for them from that vote. i think it is important that
investments in the u.k.. john: a cheap currency was the incentive for some of those things and i worry about what points that becomes a phone or ability. theresa may: i think what people will look at is the fundamental strength of our economy and the opportunities that lie. this is an important part of the industrial strategy. looking at the economy for the future. looking at how we can ensure the environment in the u.k. is the right environment and best environment to do business. john:...
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Jan 27, 2017
01/17
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in politics, u.k. prime minister theresa may will be the first foreign meal -- foreign leader to meet with president trump. from the white house to brussels -- we have the global reaction to whether these talks will bear any fruit. but is this meeting at risk of being overshadowed by one that won't be taking place? mexico's leader enrique peÑa nieto pulls out of talks on his own country's trading terms. president trump tweet mexico has
in politics, u.k. prime minister theresa may will be the first foreign meal -- foreign leader to meet with president trump. from the white house to brussels -- we have the global reaction to whether these talks will bear any fruit. but is this meeting at risk of being overshadowed by one that won't be taking place? mexico's leader enrique peÑa nieto pulls out of talks on his own country's trading terms. president trump tweet mexico has
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Jan 26, 2017
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economy,h of the u.k. and the euro down against the dollar and the dollar is in in in sentencing today. bonds, a slight to quality earlier but still in place. the yield on the 10 year in germany and u.k. and italy and spain all up today. ♪ mark: it is 11:00 a.m. in new york and 4:00 p.m. in london. 30 minutes left in the trading day in europe today. i'm mark barton. vonnie: in new york, i'm vonnie quinn. this is the european close on "bloomberg markets." mark: we will take you from philadelphia to london, covering stories out of paris, hong kong and wall street in the next hour. u.k. lawmakers have two weeks to debate the short brexit bill introduced today. to limitnment looking the possibility of amendments by the opposition. mayie: in the u.s., theresa begins a two-day visit to meet with president trump on trade. two british officials say the u.k. does not have enough expert negotiators to tackle out any agreements. verizon is reportedly exploring a combination with charter communications.
economy,h of the u.k. and the euro down against the dollar and the dollar is in in in sentencing today. bonds, a slight to quality earlier but still in place. the yield on the 10 year in germany and u.k. and italy and spain all up today. ♪ mark: it is 11:00 a.m. in new york and 4:00 p.m. in london. 30 minutes left in the trading day in europe today. i'm mark barton. vonnie: in new york, i'm vonnie quinn. this is the european close on "bloomberg markets." mark: we will take you from...
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Jan 2, 2017
01/17
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the strength of the u.k. economy is much better than many economist have predicted. -- we arethat was still looking ahead to march of next year when we are expecting to see everything triggered. >> with protests of the u.k. court, they are testing to pass a new law before officially starting the british exit from the european union. as theyt to avoid that try to stop the process by march. a ruling is expected in january. chances of the supreme court overturning what we heard from the high court? i think that it would be slim chance for them to overturn it. ♪ >> a new report says that world leaders, criminals and celebrities use shell companies to hide their well. at least $2 billion in transactions involve people and companies led to vladimir putin. they say their information comes from a law firm in panama. >> about putin. that will get you clicks. about 11 point million bells from the fourth largest offshore longform. thanks i never read anything that related to mr. putin directly. >> 2016 was a year in w
the strength of the u.k. economy is much better than many economist have predicted. -- we arethat was still looking ahead to march of next year when we are expecting to see everything triggered. >> with protests of the u.k. court, they are testing to pass a new law before officially starting the british exit from the european union. as theyt to avoid that try to stop the process by march. a ruling is expected in january. chances of the supreme court overturning what we heard from the high...
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Jan 26, 2017
01/17
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CSPAN
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it results in the u.k. having drugs licensed six to 12 month ahead of countries like canada and australia. yesterday the health secretary stated that the u.k. will not be in the ema. can the prime minister confirm this and explain how will she prevent delayed drug access for u.k. patients? p.m. may: there are number of organizations we are part of as members of the european union, and it is part of the work we are doing to look at the united kingdom in the future when we have left the european union. we look at the arrangements we can put in place in arrangement to those issues. we want to ensure we continue to have a pharmaceutical industry in this country. it is important part of our economy, as are the ability to access these new drugs. i can assure the honorable lady that we are looking into this until we have the arrangements we need. few britisher, too entrepreneurs are connected with the capital they need to start and grow. as a part of our industrial strategy, will the prime minister look into the i
it results in the u.k. having drugs licensed six to 12 month ahead of countries like canada and australia. yesterday the health secretary stated that the u.k. will not be in the ema. can the prime minister confirm this and explain how will she prevent delayed drug access for u.k. patients? p.m. may: there are number of organizations we are part of as members of the european union, and it is part of the work we are doing to look at the united kingdom in the future when we have left the european...
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Jan 30, 2017
01/17
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u.k. prime minister theresa may is to meet the leaders of scotland, wales, and ireland days after judges ruled they need not be consulted about brexit. according to a statement released by mays office, among those joining the meeting will , the supremes court said the process of leaving the eu will require approval of the u.k. parliament but not regional lawmakers. willr education minister carry the socialist flag in the french presidential election having defeated the more establishment candidate. he took 59% of the vote in the primary and is expected to face the conservative former prime minister in the far right leader marine le pen in may. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. you can find it more stories on the bloomberg best top . let's get to abu w. the middle east market reaction. yesterday the markets more or display, what is the thinking this morning? is actually difficult to find a direct market impact. barr
u.k. prime minister theresa may is to meet the leaders of scotland, wales, and ireland days after judges ruled they need not be consulted about brexit. according to a statement released by mays office, among those joining the meeting will , the supremes court said the process of leaving the eu will require approval of the u.k. parliament but not regional lawmakers. willr education minister carry the socialist flag in the french presidential election having defeated the more establishment...
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Jan 28, 2017
01/17
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BLOOMBERG
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as the u.k. establishes these free trade agreements, we ought to be able to take them to the markets. the is exciting. john: when you think about what it means -- the idea that britain can be a global economy that can trade with though world. we are a services economy. try to do that with australia is extremely difficult. try to do it with europe is quite easier. is there a sort of policy there -- fallacy there? mr. gulliver: i think in certain areas, we still have considerable expertise. civil engineering, mechanical engineering -- we are still leaders there. in the service area, we are still leaders in several respects. i think there is enough that the u.k. economy will create -- was it not -- we should not undersell the u.k. economy, it is still one of the biggest economies that can service the world. the fact we did not have a primary or secondary industry of old that i do not think it is a handicap. world,ooking at the which is the place that frightens you most? which is the biggest worry go
as the u.k. establishes these free trade agreements, we ought to be able to take them to the markets. the is exciting. john: when you think about what it means -- the idea that britain can be a global economy that can trade with though world. we are a services economy. try to do that with australia is extremely difficult. try to do it with europe is quite easier. is there a sort of policy there -- fallacy there? mr. gulliver: i think in certain areas, we still have considerable expertise. civil...
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Jan 21, 2017
01/17
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BLOOMBERG
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you see a fundamental strength in the u.k. economy. forward this version of britain that is free trading. i lookw version and across the atlantic and see donald trump that takes a protectionist attitude towards trade. what do you say to him on that? around may: if we look the world, there is a question about free trade. it goes to what we were saying earlier, globalization has left them behind. that's why think it's important for them to go out and give that message and show. they want to make sure the economy works for everyone. it is free trade. it is enterprise and the engine of growth that is the engine of our economies. erik: global bankers are bracing for brexit. jpmorgan ceo jamie dimon has been very frank about the potential negative impact of the split. not just for his business, but for the global economy. he also sat down with john nickel for weight. aite.hn nickel fothw >> she doesn't want to give a particularly special deal. you are a global bank based in london and hire a lot of non-british people to work there. generally
you see a fundamental strength in the u.k. economy. forward this version of britain that is free trading. i lookw version and across the atlantic and see donald trump that takes a protectionist attitude towards trade. what do you say to him on that? around may: if we look the world, there is a question about free trade. it goes to what we were saying earlier, globalization has left them behind. that's why think it's important for them to go out and give that message and show. they want to make...
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Jan 17, 2017
01/17
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we have u.k. triggering article 50, brexit speech today from theresa may, what should investors be looking at? >> most international investors are underweight europe as a because of the whole of election cycle coming up with the french elections, german elections, and speculation about where anyone else leave the european union and so on. i think they have learned from if you position to aggressively a head of uncertainties, it can be very painful. fx guys do all the front running. theaw this with trump when trump play was on the mexican peso, brexit about sterling, and this idea that hard brexit mean sterling must go down, that is what the fx guys say. we had a long time where has stabilized, and now this clean brexit that theresa may is emphasizing, this , and some people not wanting to change at all. and so both the trump and with the u.k., i think it will be focused on trade. what is the deal that will be done on trade. rishaad: some of this will be political grandstanding. you have to be ther
we have u.k. triggering article 50, brexit speech today from theresa may, what should investors be looking at? >> most international investors are underweight europe as a because of the whole of election cycle coming up with the french elections, german elections, and speculation about where anyone else leave the european union and so on. i think they have learned from if you position to aggressively a head of uncertainties, it can be very painful. fx guys do all the front running. theaw...