closing bell. it is remarkable on a day with so much -- so many moving parts, so many headlines out of the u.k. that u.s. stocks continue to grind higher. yes, they have a leg lower around the time the vote was taken in the house of commons, but they closed pretty much near their highs of the session. with the dow adding 152 points. the s&p gaining 1.1%. overwhelmingly, when you look at the sector groups, nine out of 11 groups in the green. materials and industrials finished down. caroline: the leader of the pack, helped by the likes of netflix. what do you make of this resilience when we have such significant votes going on, all eyes glued on the circumstance in the u.k.? joe: absolutely. of course, meanwhile, no one is talking about the shutdown. it has not even come up. doesn't seem to be impacting on domestic traders moved at all. also, there had been so much

focus on the 2600 level on the s&p. looking at that board there, that was the main thing. that plus the nasdaq outperformance determined the two big takeaways. caroline: a little healthy dose otherishness coming from areas and ecb's draghi. we want to thank us through our guests. we thank you. meanwhile, let's dive deeper into the action as our markets closed. taylor, what were you watching? taylor: i'm watching the financial spear getting into bank earnings season. jpmorgan, wells fargo today, looking ahead to tomorrow, bank of america. you are seeing financials outperform here. the sectors higher in the s&p 500, taking a look at the etf.cial sector up 9/10 of 1%. interestingly enough, as we heard from citigroup yesterday, a headline miss across the board. the former guidance is giving

the boost, up 4%. same with jpmorgan. traders starting to get comfortable that may be 2019 may be a better year than we expect. let's dig into the numbers. if we flip the screen, i want to look at where we are. it is all about fix for this quarter. jpmorgan off 18% year-over-year. equities was a gain. citigroup as well off about 15%. equities was off as well. bank of america and citigroup it you can see those estimates are looking at a smaller loss. still he lost. as we hit it hard tomorrow, we will see how vix does. abigail: let's pick up on something that joe was talking about. the all important 100 level on the s&p 500. it did close above that level. the bulls finished higher. let's break it down in this chart. this is last year range. this area of rickshaws. we saw in the -- last year, it

was the level of support of the buyers. on the big downswing in the fourth quarter, it turned into resistance. on this close, the s&p 500 above the level of resistance ever so slightly. the buyers are trying to take control. we still have the 50 day moving average above the s&p 500. of downtrend in effect, all this reversing the uptrend over the less couple of years. the buyers have more work to do to take control from the bears. thanks, abigail. let's look at edward life sciences. the biggest mover in the s&p 500. maker risingve above 8.5% on monday. the best day since april of 2017. a lot of this name because it settled a patent dispute it had with its made rival. all of its settle patent disputes around the world. the move was unexpected and boosted the stock. both companies rising 4%. we saw the russell 3000 health care index also rising on the day. helped by both of these

companies. the two have been squabbling for years over these patents for artificial valves are going to human hearts. particularly the cattle -- the collapsible kind. each company sued the other. global sales edwards preached about $1.7 billion in the first nine months of 2018. now a lot of analyst are saying with the settlement of the patent dispute, it removes a major overhang. romaine, taylor, abigail, thank you all so much. when we go to corporate earnings, and you look at wells fargo, the turnaround right now, the san francisco-based be -- a-based bank reported 5%. that was the third decline in the last year. we want to bring in the cfo and senior executive vice president john shrews very to give us more. i want to look ahead for wells fargo as management is keen to do as well. one of the things the firm announced is you will be operating under the fed's asset cap through the end of the year

instead of the first half of 2019. talk to us about what that means for the bottom line on what that means for specific growth initiatives that wells fargo was looking to unfurl but has to put on hold? john: sure. just to reflect on where we are as the stepping off point, i would point out what the numbers were for the fourth quarter. we generated export $1 billion of net income. return on equity. revenue was down. we hit our expense target. in shape.very much we grew loans, deposits, we had a big loan origination growth. double-digit. in student loans and small business loans, home equity loans. and percent growth in auto origination. there is a lot happening in the business. the expectation that the asset cap will be around longer, it reflects a

very large complex body of work that we are working on with the theto satisfy the terms of consent order we entered into a year ago. it will take longer. there is nothing more to read into that other than it is a big body a fork and takes time to execute. it is not really impact our day-to-day strategic activities, for the way we serve our consumer or commercial customers. when acid cap pointing to place a year ago, there were a couple things we described and curtailed up a time to make sure there was plenty of head room under the asset cap. those were institutional deposit taking businesses which are inefficient users of balance sheet. we took down the balance sheet to below for where was at the end of 2017. that plus what has happened in the market for deposits this year is more deposits have flown flowed into money market mutual funds and cash equivalents. it has created plenty of headroom to operate under. there is nothing more important

than getting the work right. to deliver against the requirements. it is what we are focused on. it is not really having an impact on how we deal with the lion share of our 70 million customers every day. joe: there is incredible amount of interest and question about what is happening with the state of the overall economy. is it deteriorating? are we headed for recessions, slowdown? the data has been unclear on this from your perspective, have you seen anything in your eco-perspective in january, that worries you? john: sure. the fourth in quarter that things around the globe or slowing a little bit more than was previously discounted into asset prices. that gave rise to market turbulence. probably that and our own economist down checked for a fixed investment in 2019 have

taken our expectation for u.s. gdp growth to about 2.5% to 2.6% in 2019, down from 2.9% in 2018. certainly up. meaningfully from the trend of gdp growth for the 10 years prior. we are very -- are at full employment. issue that most businesses that we talked to seemed to be wrecking -- reckoning with is stuffing themselves appropriately because the labor market is as tight as it is a that is leading to strong consumer spending. we saw debit card flows up 80% -- fourthrth corner quarter. we are as big of a debit card any bank.as that is very representative of the broader economy. consumers are spending money. consumers are employed. to knock that off of its pace, my sense is going -- is it will

take something significant. businesses probably react quickly. maybe there is more risk off. 2.5%, two point 6% growth in 2019 is something that you would have said was enviable and strong in the 10 years prior to last year. frankly, there is a lot to do in the banking environment for us in that environment. caroline: you are sounding bullish overall. i know that you are predominantly focused on the u.s. you have a small footprint when it comes to the u.k. ofe of your clients, some your customers must need your help particularly when it comes to investment banking in europe and the u.k. ons any brexit vote concern the uncertainty affect your business and is it affecting your clients? sure. our biggest european set of activities is u.k. based. we have a variety of markets activity in investment banking across the european union. by count, our team members, our customers, our assets deployed are in the u.k. frankly, the number one thing that we are looking at is a

thatution along some lines people can tolerate because the extension of uncertainty is crippling and causes people to make choices that they are forced to make without full information. i think the european economy and the u.k. economy can adapt to whatever people ultimately agree on. it will not leave anybody happy. the sooner the better. so folks can begin to clan and implement their plans. europeane of us with businesses, formerly based in the u k, have had to claim to move headquarters, move people, etc., for certain parts of our business outside the u.k. we are years into this now where we need to get going. scarlet: businesses looking for clarity and a sense of where to go next. wells fargo cfo john shrewsbury think you so much. that does it for the closing bell. and for me. romaine bostick is stepping in for "what'd you miss?" we will be looking at the fallout for the brexit vote in which theresa may was defeated. from new york, this is bloomberg. ♪ ♪

caroline: live from bloomberg world headquarters in new york, i'm caroline hyde. romaine: i'm romaine bostick. joe: i'm joe weisenthal in los angeles. caroline: today we were higher, risk on trade. china has the stimulus. joe: the question is, "what'd you miss?" u.k.ine: brexit setback, parliament rejected the brexit deal, jeremy corbyn called a vote of no-confidence in may's government. the pound shakes it off. steadfast on the shutdown, the white house threatening to feed

oh spending bills as the government shutdown extends to a 25th today. more watching gotten expensive. netflix raising the price of its most popular subscription plan in the u.s. giving investors reason to cheer. let's get more on the brexit vote. what a day. many people calling it a catastrophic result for the u.k. government as they lose by a margin of some 230 votes. however, we want to get the eu perspective. what next, as theresa may heads back to brussels if she manages to win the no vote confidence -- but no confidence vote. to our reporter in brussels. some pretty harsh words coming from you leaders. in particular, eu officials saying the brexit deal is not open for renegotiation. maria: right. throughout the day, i was told many times from an eu perspective, anything, they knew

she was going to lose this. but anything that is in the range of 50-60 votes, that means we have something to work with and we can save this deal. tweak the language, something we can work with. so fact that she has lost by much really does show that this a deal is not going to go through. very little the european union can offer theresa may to get this deal through the line. people in brussels will probably tell you the deal from a u.k. perspective is completely doomed. it will not go through. the first thing everyone will focus on is article 50 because at this point, the big question is, is the u.k. ready to leave the european union in two months? the debate in brussels will be about when do we extend this, if we decide to extend it? obviously, leaders in brussels and other eu governments around the world, they are not into the idea of a hard brexit.

they don't want it to happen. are they scared of the consequences, the ramifications, or do they think it will be less than ideal an unfortunate for the u.k.? is a goody -- it point you bring up. i think for all of the political commotion, we do forget that both sides still want to get a deal. the u.k. clearly has made it clear she wants to get the deal done. in the eyes of the european union, you have to keep in mind that there are heavyweights like juncker who will be leaving by the end of the year. he is thinking about his legacy. everyone here wants to get this deal done. i think the point now is they want to get to the practicalities. can you get it done in two months? and how can you get this done and get it through the finish line? i think at this point, what makes it difficult for brussels is that the only way this deal can perhaps go through the u.k. parliament is by removing the backstop. the eu is a legal union. they need this guaranty. is tos crucial and he

preserve the market. they want to get a deal but not at any cost. romaine: maria, in the last few months, brussels has pretty much been on the sidelines letting this play out in parliament. is there any real incentive for it to become a little more hands-on in what is going on in the u.k. right now? maria: right. for a long time, brussels has thought this is an issue that the u.k. needs to think about what they want to do and fix domestically. then deal with brussels. the truth is, in the eyes of european officials, we are back to square one. the eu is going -- the u.k. is very divided. fundamentally, it is unclear and they do not know what kind of relationship they want with the european union. there is nothing the eu can do about that. at this point, they were ready

to make concessions, especially in the political declaration. they wanted to make it clear that there will be a trade relationship, a big trade relationship. given the size of the defeat today, what they will want to see from a is perhaps a radical u-turn. from the prime minister, brexit is no longer a binary choice. it does not come back down -- does not come down to yes or no. there are other options. labor will have a say in whether they want to trigger an election or a second vote. caroline: second vote on everyones'watchlist. -- on everyone's watchlist and what the eu wants is a deal that may engendered a compromise. they are talking tough, but i want to get a sense on what businesses are you -- are currently saying? we're hearing from the u.k. at the moment, the leaders of oriness conglomerates

overall groupings, are saying this is terrible. all we need is transparency. how much is it affecting business sentiment? maria: right. again, another good point. if you remember throughout the past year, there was this idea that they make so it to the u.k. and the german automakers who were obviously not doing as great as they wanted to be right now because of trade but also because of brexit uncertainty would lobby and push angela merkel to take a softer tone. the reality is despite the warnings, despite concern, the eu 27 has put together for two years. everyone stood behind them. nobody has said anything that goes against his position or are official line from the european union. going back to business, they want to get a clear sense of what is going on p we have heard it from a number of companies. again, the long-term strategic priority, and business gets

less, is to preserve the single market. the eu will not do anything that compromises that. caroline: great to have you staying up so late for us in the eu. we thank you very much. fantastic analysis. from earnings, guidance united continental. now the number two airline in the world. it has been coming out with numbers. the stock rising after the fourth-quarter adjusted earnings per share. ofl ahead of the estimate two dollars -- $2.05. from new york, this is bloomberg. ♪ ♪

against 432 votes

theresa may's plan to take the u.k. out of the eu. the historic margin. a loss for theresa may. so far, the markets appeared to be taking it in stride. here to talk more about that, is america's team leader for bloomberg market slide blog, mike regan. i am looking at the reaction. we have the pound that has gone positive for the day after being of ther a good portion day. we are seeing equity futures rebound. mike: not really what anyone expected. obviously, everyone thought if theresa may would lose by this large of a margin, it was look out below for the pound. markets have a way of surprising you. this is one of them. market, it was somewhat isolated from any sort of volatility from this vote, unless the u.k. assets really react negatively. the pound was down more than 1%, if it had continued dropping,

maybe we would have gotten risk aversion. itfar as u.s. equities go, is still in rebound mode for now. i think the big issue going settlings the markets around the idea that the fed is on hold for the time being. march is probably off the table. this data is disappointing. the empire fed was pretty disappointing. a lot of these manufacturing, iso numbers have been weakening. out ofh more we can get a rallying stocks based on a fed on hold versus hopes for an actual cut is the question. it is when the old story of one bad news because bad news again. the bad news is not so that because everyone thinks it will reinforce the fed holding past. if it gets bad enough, then i think the paradigm changes. joe: mike, in your view, is the one variable that could really boost -- change the game for risky assets, would that be out of china? we got a hint with a reaction to

the tax cuts. are people really focused on china in your view as the one entity that could really give a further lift into markets? mike: absolutely. today, that was the main thing people were talking about. china's plan to lower taxes. it goes to show that china has a lot of tools and its toolkit to engineer a soft landing or keep things humming along. oniously, the question then the next level becomes, what does this do for the trade negotiations? overhang.ill a big ideally, the market would like to see closer to that issue, to really take off in earnest. it is hard to predict when that will be. caroline: talking of bad news being bad news or bad news being good news, it is interesting is the way we are reacting to bank earnings. citigroup, we saw fell off. havegan, same thing to we seen it with fedex, plenty of companies coming out. why this resilience --

resiliency too? mike: i think is because the stocks got beaten down last year that they are way off the highs of last year. the bearishness got exaggerated. it got oversold toward the end of the year. worse than what we are seeing in these earnings was for sure priced into the market. the estimates have weekend noticeably. so, that is a trend people will keep an eye on. if these 2018 earning assessments continue to deteriorate, it could put a lid on stocks until we see some sort of clarity there as far as earnings outlook. caroline: for now, we seem to be resilient. michael regan, great to get your opinion. a check on the latest business flash headlines. netflix is raising its prices for all of its 58 million u.s. subscribers i.e. 2%. the most popular plan will see the largest hike to $13 a month from $11. the cash will help to pay for

their investment in original shows and films and will finance to the rivals such as amazon, disney, and at&t. the white house reportedly is considering former pepsico ceo to be president of the world bank. that is according to the new york times. is a mental inspiration. she is playing a role in the election. she ran pepsico for 12 years. before leaving last august. that is your business flash update. coming up, brexit. theresa may's government faces a confidence vote as soon as tomorrow. what are the chances of her surviving another one? 7:00 p.m. u.k. time, 2:00 p.m. right here. we are following the latest developments. theing for the recovery in british power to we are higher against the dollar and the euro. this is bloomberg. ♪ ♪

place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything.

leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. i'm mark mark: crumpton with bloomberg's first word news. as caroline mentioned moments ago, prime minister theresa may of the u.k. is facing a vote of confidence in her government tomorrow after her brexit deal with a european union was defeated in parliament by 230 votes. may says she will go back to the house of commons by monday with a new amenable motion as she tries to find a way forward. other members of congress have urged her to delay article 50 and hold a referendum. >> it is clear that the house does not support this deal. tonight's vote tells us nothing about what it does support. how -- nothing

about how or even if it intends to honor the decision the british people took in a referendum parliament decided to hold. mark: more than two years after britain voted to leave the 28 nation european union, the u.k. is facing political paralysis over the decision that has divided the nation and its political class of for decades. federal workers failed to win a court order compelling the u.s. to pay them for work they are required to do without pay as the partial government shutdown continues. says their unpaid work violates the constitution and federal law. the judge rejected their arguments that they required immediate relief. forident trump's nominee u.s. attorney general asserted independence from the white house today during the first day of the senate confirmation hearing, william barr told members of the judiciary committee he believed russia had tried to interfere in the 2016 presidential election that the special counsel's investigation

is not a witch hunt and that his predecessor jeff sessions was right to recuse himself from that probe. republicans are increasing the pressure on nine term congressman steve king us -- after he was quoted questioning how white nationalism and white supremacy became offensive. kevin mccarthy announced that king would not be given any committee assignments. today, the chair of the republican conference, wyoming congresswoman liz cheney was even more blunt. >> i think it was very significant and serious step to remove him from committees. that thisu have seen was not the first time, but his language questioning whether or not the notion of white supremacy is offensive is abhorrent. it is racist. we do not support it or agree with that. as i said, i think he should find another one that works. mark: the senate majority leader mitch mcconnell also condemned

congressman king's remarks. extremists launched a deadly attack on a luxury hotel in today, andital people were killed. al-shabab, the islamic extremist group, that carried out the 2013 that leftall attack, 67 dead, claimed responsibility. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. caroline: thank you. let's get more reaction to the u.k. parliamentary vote that shut down the proposed that -- brexit deal. guy johnson is following all of the latest developments from west minister. what it -- what a historic margin. a historic margin. the market seem to shrug it off. guy: absolutely. wasink what was critical

theresa moritz -- theresa may reaching out across the island opening the doors on where the brexit process goes next. that seems to the what the markets have been reacting to in a positive way, though it is still hard to determine exactly what those talks will ultimately produce. it is a labor party briefing that is clearly focused on tomorrow's no-confidence vote which theresa may is expected to win. at the briefing, the labour party tied -- tried to distance itself from the possibility of a second referendum. as you say, the market is seeing a silver lining, despite expectations that a big loss would reduce a big loss. maybe it points to focusing on tidbit of good news. it does seem to be this idea that the reaching across the isle is being taken is positive for the moment. joe: reaching across the aisle, i guess is great. have you heard from anyone

something resembling a plausible path for theresa may to bring back a brexit the bill that is not just crash out, that could actually passed? -- pass? guy: the answer to that is no. to be honest, the eu is playing hardball and is making it very clear that it will not renegotiate. if you assume the current parameters continue to exist when it comes to what the eu is prepared to offer, then it is basically down to the british to determine which way forward we will go. are we moving in the direction therefore of a norway style deal? you see the u.k. remain a single market. the labor party this evening is effectively pointing us in a direction of a deal that works from its perspective which certainly includes the u.k. remaining within a customs union. all of these options are still on the table. brexiters will tell you the option of a hard brexit is an option -- is an option. the moment, wet

find ourselves in limbo we are trying to figure out in which direction we go. i don't think you can decide on anything at this point. of view, atint least 10 it's a vote put them back on the table. the question is, we do not know which one they will take. caroline: limbo is a frustration for many in business to we have heard from the cbi, confederation british industry saying the overall needs to reflect on the need for compromise. confusion.fog of and possible uncertainty coming from the manufacturing sector. all of this ways on business and the overall economy. optionalityt is the that is certainly weighing on the british economy. talked last week about the idea that this ongoing limbo process will be one of the worst outcomes when it comes to the british economy. the uncertainty is so prevalent

now. you can see it seeping into the numbers. it is finally starting to have an effect. that is why i suspect the business wants to get things moving, get things moving in a clear direction to get an understanding of what is happening. the longer the process limps along, the longer they cannot make big decisions on employing somebody or investing in a piece of equipment, etc. caroline: we will see how this continues to unfold. limbo seems to be how it should be described. guy johnson, great reporting. thank you for reporting. this is bloomberg. ♪

will continue the conversation about brexit and when it means for the u.k. going forward. we will bring in bloomberg editor and chief john

micklethwait. you have been covering this for a long time. as an outsider looking in, the last two point five years have been an utter befuddlement tinny me. i do not understand why theresa may invoked article 50 so soon. interested into whether there is a possibility they can reset it to where they started this process over. john: declaring article 50 as soon as she did was one of her two great tactical gambles. it went totally wrong. maybe three, if you include the election she called. by including article 50 so quickly, she started a clock running against yourself. the other big tactical gamble which went wrong was she said, she kept on saying to the world, no deal is better than a bad deal without making many preparations for a no deal. you take those two things together, the europeans on the other side of the negotiating table, ran down the clock. until she ended up in a position where she had to take some deal

from them because she knew quite well business economists, everyone was telling her no deal would be terrible. that pushed her into the whole she is in. that is one explanation as to why she ended up in the hole she certainly is in now. joe: john, in the wake of today's clause, you are hearing about possible temporary delays to the actual departure of britain from the eu. maybe a few months to give them more time. is there a sense that it is never really the final vote? vote, and it is a fails, there is always some other plan b or clancy -- or plan c that can put off the decision? john: that is the history of the european union which is beginning to infect westminster. absolutely. you look at every single european crisis, there has been a series of final deadlines, plans a, b, c committee. c, d.

that has been the impression given. time, i think there will be people who will think that this must lead to some kind of delay. because it does not look as if she is going to rapidly be able to get these things through. it doesn't look like she will be able to come back with a plan to get through parliament. psychologically, we are still a , and jeremy corbyn, being able to say, look, maybe we should go back for another referendum. both leaders are psychologically not in that place. it is a bit like one of those games where you keep charging and getting knocked over. charlie brown and the football. it will keep on happening for a while. then something may come out of it. caroline: he seemed to keep rewriting short-term history books. this was meant to be a horrendous catastrophic margin. yet it seems as such he lives on

to fight another day. john: and the pound. caroline: why do we keep rewriting that every bad news ends up being in some way some sort of goodness? john: how bad i would be as a currency trader. yes, i buy the machiavellian option. this bad meansng that you are perhaps more likely to end up with a softer brexit because they are patently -- that is what many people want. from the was a deal euro which was at least tolerable for the economy. and the british parliament turned it down. you would normally expect that to be a bad thing for a currency. but obviously, currency traders are smarter than i. joe: john, something you hear often from people is that if there were to be a second referendum, that it would be a terrible blow for democracy and it would represent the elites ignoring results that they do not like.

and trying to get a do over. is that the case or is that just something that people who are very intent on leaving like to argue? john: my view is that what you put forward is about 80% correct. of course it is a disgrace for democracy if you have a referendum. i think you can make the case that actually, the facts have changed significantly. that we had a, many would payis that they less money in europe and more money from the nhs and all of those things. that does not come through. but, and it is a big but, if you have another referendum, and i've changed my mind on this, i think you do face the problem of genuine civil strife as some people have threatened to veto it. not show up. without making it too dramatic, you have to remember for the first referendum, there were

somebody killed the week before. this is an area where people feel unbelievably strongly. the protesting in paris could come back again. although i still am somebody who thinks it may make sense in the end, the second referendum, i will not pretend that that is an easy straightforward solution. caroline: we were listening with of johnson earlier, a member the so-called european group, pro-brexit, the department saying you look at the same outcome from the vote could what do you think? knows,he truth is nobody including burnishing can. the following bits are there. tellrexiteers tend to people to move on to better things. ever more young people who favored -- and talking to jim people, there is fantastic anger that the old people landed them with this thing which seems to be impending their future. on the other hand, there is a group of people in britain who

are slightly fed up with a whole thing. they think the deal was settled and you have some remainders who have also switched the other way, who have said, we have to get out of this. now the deal has been made to we are not getting on well. this has shown that the europeans have behaved disgracefully. as much of the british media has portrayed it. we need to get out. there are remainders who have switched the other ways. my personal guess is in general, the remainders will have gained in the meantime. it is a mirror gas. -- mere guess. caroline: what remains is division. john micklethwait, great to get your opinion. our editor in chief. we do have breaking news that has been coming up. it is ready to replace carlos ghosn as chairman and ceo. the board which has been a supporter, vis-a-vis the likes of mitsubishi and nissan which were part of the grouping of

businesses that he held, the board is saying the meeting on he hasghosn's status, been refused bail and currently is in a prison in japan. the united out of states. netflix announced it is raising its prices for the first time since 2017. shares hit their highest in nearly three months ahead of the fourth-quarter earnings, expected thursday. here with maurice -- here with more is our reporter. sort of pricing power, bodes well and many people like the fact that they can maybe pay even more for some of the costly content. >> yeah, it really demonstrates great pricing power. this is netflix private -- flexing its pricing muscles. it really goes to show that inflix is really confident its subscriber trends, in its 2019.t slate for at the end of the day, it is really a compelling price value

proposition. i think that is what netflix believes in. that is what most consumers are seeing as well. this really does remain one of the cheapest alternatives for entertainment out there today. joe: what does it say about netflix's view on competition? competitors,other whether it is disney, nbc, want to launch services or will launch services to go ahead to head with netflix. does the fact that netflix is raising prices suggest that they are not particularly concerned about being beat out on price? geetha: i think they are really writing their subscriber momentum. i think the timing is perfect in a way because the have seen of subscribers trends and they have also guided to really strong numbers. the fact that they go now and raise prices tells us a lot about the confidence they have with their subscriber momentum,

with their content slate for 2019. notwithstanding the fact that you have all of these big goinging options that are to come to market. in a way, they are doing it tactically. they have a great content roster lined up for 2019. it is a strategic move. they have these big shows coming back. new seasons of stranger things, the crown, oranges the new black, so it seems like the timing is right. and right before disney gets a disney plus and as you mentioned, nbc service as well as the warner media service. romaine: a lot of investors are cheering with what is happening today with a move in the u.s. a lot of people are also wondering what is going on with their international subscriber base? i wonder if you have any insights into what we can expect from that when we get their results in a few days? they are gaining traction in both the u.s. and internationally. there are a few markets. they have had great success in europe.

there were a lot of reports pointing to the fact that they may have exceeded the 10 million mark in the u.k. which is a milestone. i think what investors are looking for are the big growth catalysts, namely india. where it has been suggested that that could be the source of its next 100 million subscribers. we are not really sure. we have not seen momentum pick up a lot. a lot of their shows have resonated. they are building up their content roster, local content roster, pretty significantly. and they are making those investments. caroline: we thank you of bloomberg intelligence, joining us from princeton ahead of netflix's numbers coming thursday from new york, this is bloomberg. ♪ bloomberg. ♪

caroline: let's get back to guy johnson who is following exit developments from westminster. thank you. we are joined by a a

conservative mp. who voted against theresa may this evening. will you vote for her tomorrow in the no-confidence vote? >> i certainly will. i think we need a conservative government to carry out delivering brexit and all sorts of other important tasks in the general election is not what the country wants. it would hold out the risk of potentially a government led by jeremy corbyn which would be disastrous for the country. guy: theresa may did quickly talk about this idea that she will reach across the aisle emma that she will talk to opposition parties about the way forward. what do you think those conversations will yield? theresa: we will have to see what they yield. objectionso not have to work on a cross party bases as long as the results of the the manifesto is respected. that requires us to leave the customs union and leave the single market. guy: we have a labour briefing

this evening which it was suggested that the labour party is keen to pursue remaining in the customs union. is it going to go anywhere? circumstances no will i go far because the conservative manifesto is clear that we would be leaving the customs union and regaining control of our trade policy. guy: the european union has indicated that it does not see much room for negotiation either. not much for renegotiation of what has already been agreed. therefore, how do we proceed from this point? i think it is important for the prime minister to engage with the eu. the many times in the past -- they many times that in the past have made compromise. i think there is still the chance that we could have sufficiently radical change. and also i think the prime minister needs to table her draft for a free trade agreement. if the eu is not prepared to

make the drastic changes to the treaty we need, then we must be prepared to leave on the 29th of march on wto terms. it is not the ideal outcome. but we will still be doing billions of pounds where the business, still have a close trading relationship with the eu commission even on wto terms we must be ready to do that if that is what is necessary to respect -- to leave the european union was not able to compromise further. guy: the foreign-exchange markets are pricing in a stronger market that a new deal brexit is less likely. you think that is the right reaction? theresa: parliament has voted to leave. that is the law of the land. part of the statute. unless parliament votes on an alternative, then we leave on the 29th of march without a deal. exit remains a possibility. i think we knew to work to avoid that and to try and reach

agreement with the eu. we should not be afraid of doing that. that's may -- there may be disruption. but it is disruption we can cope with. the government needs to be -- toed for the continue continue. guy: the extension of article 50, where do you stand on that? theresa: i do not support that. we need to get on with it. i meet many people who whether they voted leave or remain, they say, just get on with it. think anyone wants years more of haggling with european union over the terms of our future relationship. we need to get this done. , the was a referendum result was clear. we need to move forward. guy: getting chilly out here. let's wrap things up. thank you very much indeed. caroline: it has been fantastic having your reporter -- reporting out -- reporting for the day. it will be the same time, same place tomorrow. that is all for "what'd you miss?" romaine: "bloomberg technology"

is up next in the u.s. joe: have a great evening! this is bloomberg. ♪ amazon prime video is now on xfinity x1.

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♪ emily: i'm emily chang here in los angeles, and this is "bloomberg technology." coming up in the next hour, teaming up to fight off amazon. we will hear from a ceo about how they are using tech to stay ahead of consumer needs. hurd, why's ceo mark he is bullish despite challenges like a u.s. government shutdown. and a price hike, netflix