welcome to "street signs." special edition today. we are live from london and brussels i am johanna versace >> these are your headlines. >> reporter: european stocks rally after they sign off on theresa may's brexit deal. she plans a cab by net meeting and she plans to sell her divorce settlement to lawmakers back in london. >> this is the deal. it's the result of what has been tough and difficult negotiations over a significant period of time and as it's been said, this

is the deal that's on the table. this is the best possible deal it's the only possible deal. italian banks lead the ftse mib. a black friday for oil sees crude plunge flybe shares soar. ieg is going head to head with virgin atlantic in a race to buy the struggling airline welcome to "street signs", everybody. happy monday it's a special edition with and

we have data out of germany. take a look and see where things have come in october expectations in that it's revised to 99.7 current condition indexes are 106.1. let's see where things have come in versus expectations we know that the business climate index came in at 102 this is a lower consensus forecast of 102.3. the current conditions index in november came in at 105.4. a tad higher than the reuters consensus forecast of 105.3. so we have slightly better than expectations of current conditions the current business climate as i mentioned at the top as the october expectations were revised a little bit higher there as well. so putting it all together, perhaps not as bad as some people had feared after the weaker kmi numbers.

we'll get the details first with ifo president clemen clemens fuest. >> i think the market for some time we've had deteriorating data if you look at the quarter from germany, we had some contraction there. maybe this data isn't as robust yet to really encourage expectations. >> jane, just looking at euro, the currency, i'm really struggling to find reasons to be positive of the currency going into next year we're not only in the midst of a slow down in the pmi numbers slowing down germany as we saw gdp contracted in the last quarter, but we're seeing a bit of a bounce this morning on optimism with italy, but fundamentally the story doesn't look that positive going

into next year i'm beginning to hear people saying 2019 could be the year that europe could be parity with the dollar. >> i suppose i've been more bearish, more bullish on the dollar than most this year i don't see an end to that just yet. we have the european parliamentary elections, we could talk about popularism. that is a bearish story. it does push back against president putin. it does also suggest that maybe less ability for the economic sector to push for more collusion for europe in the coming year. politics could be negative think about the ecb. will ecb really be able to hike interest rates in the second half of 2019 right now that seems quite unbe likely. >> and what specifically are you looking at in terms of the ecb's decision making? >> well, really of course they

are looking at inflation but, of course, inflation have a number of factors such as growth. if the growth data do not pick up, it is going to be quite tough for them there are certain things that they are looking for in terms of winding down cost of easing, we'd like to see more of that. in terms of hiking the rifi rate, particularly if during the second half of the year where the u.s. economy is slowing, it seems unreasonable perhaps that the ecb could be hiking rates in that period. >> jane, this week we get a lot of ecb speak we have draghi speaking twice. we hear from korean pracoreen pt is your expectations that they will have to start paying some closer attention to what's been happening on the economy side? >> well, possibly.

when you think back to the last ecb meeting, we had draghi recognize that the data had slowed down. it will be interesting this week and over the next month or so to see if he does shift away from that script and really acknowledge that potential for more dovishness. >> jane, let's leave it for the time being i want to bring in clemen clemens fuest. we just had the ifo data come out. it came in slightly weaker than expectation, german business morale has also fallen in november as well good morning to you, sir thank you for taking the time to chat to us today just looking at the number, again, this is another month where we begin to see some losing momentum, twindling momentum and forward looking indicators coming out of the german economy, how concerned are you getting? >> good morning, yes, there are actually signs that the long up turn we had is ending.

the german economy is cooling down if we look at the sectors, it's really very broad across all industry sectors, even domestically if you look at the construction industry which really had a record run this run has now stalled at least so we do think that this is not anything like a strong downturn but the economy is cooling down. >> yet looking at the q3 gdp numbers, we saw a german economy that for that one month posted a negative number. how much of that is on the back of transitory numbers such as the new emissions numbers for auto cars versus real structural issues that are beginning to come into play here? >> well, the cars were important, of course, but there is an underlying trend it's not just the cars that's very clear. if we look at today's survey,

it's broad it's broader this reflects that the world economy is cooling down somewhat and there are growing risk factors, some like it's the situation in italy, brexit what we also measure in our survey is growing uncertainty among firms. in fact, the increase in uncertainty we've seen in the last month has been the strongest in ten years and all of that suggests it's more than the cars. >> what does that increased uncertainty mean for the cap ex outlook for german corp rates? >> it is well known companies wait, they stop investing when uncertainty increases because they want to know where is this all going. i think this is exactly what we're seeing at the moment some sectors still face capacity

constraints and may continue their investment but broadly i think most companies will wait, in particular those with strong business relations to the u.k. they will certainly wait to see what we are getting in terms of brexit. >> now on the domestic side of things in germany, the consumer has been holding out much better in the consumer-led sectors much better than the export focused ones how long can that dynamic persist if the outlook remains so uncertain >> the fundamentals are okay we have record levels of employment we have growing wages so from that side everything is fine but it could be that employees in the car industry and maybe in other sectors get nervous when they see what's going on and they might start saving more so, you know, it is not excluded that this in the export sector has impact in the months to come as well. >> we've seen that wobble in the

export sector. we've seen coming back over to what we've started talking about, a wobble in sentimentm t the brexit deal, are you seeing that have some impact on german industries and will there be a no deal brexit deal? >> the sunday news was good news but the question is of course will the house of commons buy this deal? i have to say i am skeptical i'm completely open. most companies look at it exactly that way as long as the commons haven't agre agreed, we need to continue with our emergency planning, plan for hard brexit. i think increasingly firms are preparing themselves for that. certainly that contributes to this trend we see of holding

back investment. >> we're going to leave it there. thank you very much for joining us this morning. clemens fuest. president of ifo institute there is plenty of ecb speak this week starting off with some comments today some comments in the last couple of minutes ago he's saying that our policy will remain predictable we will proceed at a gradual pace he says, significant monetary policy stimulus is still needed. underlying strength continues to support our confidence that the sustained convergence of confidence to our aim will proceed. domestic demand continues to be supported by favorable reporting conditions bottom line is that sticking to the script really and says recent developments point to some loss of growth momentum perhaps a tad dovish on the wording.

it's ultimately a reading that we've heard from the ecb in the past again, sticking to the fact that forward guidance remains an effective fire wall from unwarranted tightening there by shifting the emphasis away from asset purchases towards forward guidance at this point those are common side effects. julian is going to give us an update on what is happening in the market. >> thank you very much, jomana it is a very strong start. a few different developments supporting this rally. no doubt the brexit deal that was agreed by e.u. leaders yesterday is providing a nice boost for stocks this morning. italy reports that we may see some movement in terms of negotiations from the coalition with the e.u. on the italian budget and then, of course, oil which was a huge drag on the market last week with brent and wti both posting their worst week since 2016. we are seeing firmness in that

oil price and that together is creating a much more positive environment for european stocks this morning let's get into the different regions and see how the different regions are fairing this morning quite a strong picture across the board. let me just point that out more than 1% gains across every region in europe the italian index is seeing the strongest gains. ftse mib up nearly 3% this morning. we'll get into those drivers there in a little bit more detail shortly it is a strong picture across the board. here in the u.k. ftse mib 100 up 1.1% let's take a look at the sectors and see how they're shaking out this morning green across the board no clear lag gards this morning. the worst performer is basic resources and even that is up 30 basis points banks, key focus there surging 2.4% let's get into those italian assets and see how they are

fairing. green again across the board i sound like a broken record that is the story here in europe today. matteo salbini is open with the deficit goal the deputy prime minister said no one has stuck to it that's after european commissioner said he met on the sidelines over the weekend conti sounded an optimistic tone but said their meeting had not been decisive. juncker said he made it clear that we are not at war with italy. the italian government will meet to discuss a reduction of that deficit goal according to reute reuters. we have banco bpn up 6% and unicredit is up as well. >> we're seeing a big rally in fixed income

italian bonds are 20 to 25% basis points up across the board. elsewhere, thousands of protesters have clashed violently with police in paris for the second straight weekend. officials said 19 people were injured in the capitol and 130 arrested nationwide after yellow vest demonstrators took to the streets against president emmanuel macron's fuel taxes responding on twitter the president called the violence shameful and said it had no place in the republic. economic damage was assessed today. speaking saturday they called for an end to the unrest >> translator: i'd like to remind everyone one simple thing, oil is part of democracy and there is no democracy without order therefore these clashes are completely unacceptable they're condemned by the president himself. across the atlantic,

president trump conflated the unrest with trade policy the large and violent french protests don't take into account how badly the united states has been treated on trade by the european union and just before we head out to the break, i just want to bring you some flashes that we've got from mitsubishi. of course, this is a story that we've been following closely you've been following very closely as well, julianna. just to bring you the latest from those flashes as i bring them up and i believe we should be -- hang on. let me just -- do you want to bring that up? so we are just getting flashes, of course, about the future of them they've removed the chairman we've got confirmation that mitsubishi will be looking to

remove carlos goshn. apologies for the slight delay we know mitsubishi has joined nissan in removing him. european leaders green lighter rece a may's withdrawal but westminster still has to give their blessings to the brexit deal. rebekkah: opioids has taken everything and everyone i've ever loved away from me. everything. i blew my ankle out and i got prescribed pain pills by my doctor. if making my detox public is gonna help somebody i'm all for it. i just wish i would've had a warning. (of hundreds of families, he's wmost proud of the one have helped put a roof over the heads

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welcome back to "street signs. flybe shares soared after a paper reported that iag may be interested in acquiring the carrier. they are set to go head to head with virgin atlantic for the struggling carriers. e.u. leaders have formally approved the 585 page brexit divorce agreement at a meeting in brussels this weekend after months of fraught negotiations theresa may faces a tougher political battle back at home. e.u. leaders struck a somber tone after signing the deal with german chancellor angela merkel saying she remained disappointed by brittain's decision to leave

the block. >> translator: we have been successful enough in this attempt at reaching an agreement that balances the interests of both sides in respect to paying heed to the interests of both sides allowing for a partnership and all of that took place in the spirit that involved tough negotiations with never losing sight of the fact to have a win-win. my feelings are divided i feel sad, but also relief for what we've been able to achieve. let's take a look at how some u.k. assets are doing sterling dollar is up at 128.30. .10 of a percentage point. investors are looking on a forward-looking basis to see how things are going to evolve ftse 100 up more than 1%, 7,033 is the number for ftse 100 a little bit of a rebound.

equities a little more with the currency but may is set to meet with her cabinet and give a statement to the u.k. house of commons later today as she looks to sell the divorce deal to british lawmakers. and all eyes, of course, on how that is going to go. willem has been in brussels following the developments of the last 24/48 hours it looked a bit hari hairy but took the e.u. leaders 38 minutes to sign off on this. perhaps the most unified we've seen europe in a very long time. the question going forward, willem, is whether or not mrs. may can get this through parliament. >> reporter: yeah, that is the big question my question to you, jomana, is how closely are you able to watch donald trump's twitter account? very impressive on a sunday afternoon. what's important to focus on is

how the mass in brussels was never in doubt she needed a strong majority to use a technical term which represented 20 out of 27 e.u. member state leaders and she got that very, very handily. the mathematics in westminster is very much more complicated. labor will vote against this current withdrawal agreement we have confirmation that there are dozens, approaching 100 conservative mps, people withi theresa may's policy said they will vote against it that makes it incredibly difficult for her and given how difficult it is going to be from her, you've heard from european leaders as this was being announced in brussels, what they saw as the limited options available to british mps take a listen. >> i'm totally convinced this is the only deal possible those who think by rejecting the deal that they would have better

deal will be surprised in the first seconds after the rejection. >> i don't want to contemplate a no vote. i think it will be a yes vote. this is the best we can all do, both theresa may and her government. >> there are a lot of people talking about better deals or alternative deals and anyone can have a better deal or alternative deal in their own minds, but an agreement 500 pages long that 28 member states can sign off to, nobody has that so what's on the table is the only deal that's on the table. >> it's not now our concern. >> so that was jean paul juncker, then mark ruetter and the irish prime minister we ended with a characteristically blunt statement saying this is now no longer our problem, this is theresa may's problem. that's why theresa may from the get-go yesterday morning issued

a statement to the british public talking about the perceived strengths and benefits of the deal she's managed to negotiate. she'll take that case there in the next couple of hours trying to sell this to the wider public and potentially to voters to get in touch with their mps through their constituency officers to back her in a vote she essentially issued a pretty straightforward ultimatum yesterday. at that i can a listen. >> the points that jean clawed juncker was making and being reiterated by others, if people think there is another negotiation to be done, that's not the case this is the deal it's the result of what has been tough and difficult negotiations over a significant period of time and as it's been said, this is the deal that's on the table. this is the best possible deal it's the only possible deal. >> now what none of the european leaders really said very

specifically would be what happens if this deal is, indeed, voted down they have made it clear they don't want to see any picking of this theresa may has not been willing to go on record and answer any questions in brussels about what happened if mp is, we'll have to plan as we approach the vote dade may create a little more market certainty. >> absolutely. thank you for bringing us the latest, willem we have an expert with us, jane foley head of fx strategy still with us. picking up on what willem was saying about market uncertainty. it's difficult to say what's priced in and not priced in. from speaking to people in the market, it seems as though now the expectation is that the vote will not pass. >> that's right. it's reasonable to expect that that might be pressed in i'm not sure it is the reason i say that, it still

appears that the consensus amongst market commentators, it's still that the vote will pass if that begins to shift, there could be a lot of clients out there, corp rates who could become even more short sterling than they are. there is some potential for down side the sterling if that vote is not passed. it becomes very dleer it will not be passed. >> did you not think that it's a little bit more down side risk than there is up side potential with sterling here if the vote doesn't pass, then you will participate in other votes, we could see a leadership challenge, all of these huge market moving events and even a change of government would be perhaps something the government would not take you have five negative drivers and one positive driver. doesn't be it make it a little bit? >> that's right. there are different permutations and that's why this is difficult to price in.

it is quite possible that theresa may did not get this through, that the leadership challenge that many people had anticipated. if she is replaced by brexit here, well, they might prefer potential hard brexit. at that point they would try a negotiated way some of the aspects to take off the edge of the hard deals for instance, aviation, medication, et cetera. >> a managed deal? >> yes >> thank you very much for joining us, jane foley, head of exit strategy. coming up on the show, oil oil claws back after suffering a black friday more on that when we come back

welcome to "street signs." i'm julianna talibum and i'm jomana versace here are your headlines. theresa may's brexit deal is signed off she'll convene her cabinet and address the house of commons later today as she aims to sell

her plan to british lawmakers. >> this is the deal. it's the result of what has been tough and difficult negotiations over a significant period of time and as it's been said this is the deal that's been on the table. this is the best possible deal it's the only possible deal. italian banks lead the ftse mib higher amid rumors rome could tweak the 2019 deficit deal a move that could lead the standoff with brussels and their ongoing round. crude prices that crawl back after a move cheered by president trump as a big tax cut. and flybe shares soar roughly 30% after a report suggests that iag is going head to head with virgin atlantic in a race to buy the struggling airline.

well, the gains are hanging on this morning. we are still firmly in positive territory across the regions here in europe the ftse mib is up nearly 3%, so quite strong gains over in italy as we just mentioned, that is driven in large part by the italian banks, but it is not just italy that is seeing a boost this morning the french, the german and the u.k. index are all up. the ftse 100 is up 1.1%. the key focus today on the political front, this weekend's brexit deal with the e.u. and then of course italy, those rumors around a potential negotiation coming between the coalition and the e.u. let's talk a look at the fx markets and see how sterling and the euro are holding up with these developments in focus. the euro is strengthening versus the dollar up 35 basis points. the pound, it is up slightly, up about 20 basis points but still

hovering around that 1.28 level. so no massive move on the back of that brexit deal. of course, the real hurdle remains parliamentary approval for the deal let's get into u.s. future and see what things are standing up to look like in the u.s. open. it looks like this positive mood is filtering over to the u.s. with all three major indices indicating higher. the dow jones indicating up 270 points remember, oil is also bouncing today. i want to take you over to wti as you can see, in this chart here brent is up about 1.9% and this comes after last week was the worst week for oil since january 2016 so some firmness here. of course that early december opec meeting firmly in focus, but this morning this bounce in oil is providing nice support for markets globally joman jomana. >> a little bit of relief for oil markets.

it isn't just oil that's been on people's minds let's bring in roy mccarthy senior reserve analyst with mckenzie we spent a lot of time talking about the politics as drivers of oil, potential opec meeting. another fundamental shift that we're seeing is that of the move away from fossil fuel stores and you've just written a report about that, about some of the latest developments we are seeing in the renewable space. based on your findings from what i can see over the last couple of years, there's been an increasing amount of investment going into that space particularly in storage? >> yeah, you're correct. we've seen things from the giants really, the oil majors, the traditional european utilities. they're starting to make plays into grid edge more distributed hard generation technologies, the likes of wind and solar. and also very important part of that mix is energy storage as

well which can complement those storges of intermittent generation. >> in terms of numbers, what part of energy consumption comes from renewable space to give us context >> europe, let's focus on gb, we're talking about 20% plus we just -- earlier this year we just -- renewables just overtook fossil fuels, low carb, not renewables and that includes nuclear and that overtook fossil fuels as a source of generation of electricity in gb. >> in great britain? >> in great britain. >> we've heard a lot from the investment community and business community, people have not been investing in the u.k. we're going to talk about it because of uncertainty in brexit how is it affecting the renewable space? >> that's an interesting point i'd like to focus in on the

flexibility side of thing where oil storage plays. being able to generate at times when there's wind that doesn't blow, for instance, and that's become, yeah, an area of uncertainty. we have, for instance, four interconnectors. these are the things which connect us to the main land and ireland and we've got four of those right now. there's 11 of those in various stages currently we have 6% of our power from europe and with these 11 if they ever come to fruition, that will bring us up to 20% of our power coming from europe that's very important when you talk about when you have a very volatile energy mix and a lot of solar, wind. in gb, for instance, we're an island we're not as interconnected as the european neighbors all of this pushes back decisions like the interconnectors. that may be bad for the big amounts and we could increase volatility and wholesale prices which is great for energy storage.

>> not good for consumers? >> not good for consumers if the prices increase to that extent. >> in your research you mention that the u.k. and germany are firmly leading the way on this front. why aren't the other countries within europe catching up and can they >> yeah, i mean, good question the u.k., i mean, for gb let's say, the island, it leads the way for others because it is an island we're losing coal and nuclear generation, we have a need for a flexible reliable plant such as energy storage germany? germany pumps more money into their renewables program probably thor than any other country in the world on a per capita basis because of that, yeah, they have heavily subsidized things like energy storage for residential customers. as early as 2013 when most other markets weren't aware of this technology and the benefits it

can bring? >> it's an economical decision whether you use renewables or fossil fuel. right now it's more expensive to use renewables than alternative sources of energy. do you depict those costs coming down and major companies are investing so much in storage should that help bring economies of scale to that sector as well? >> yeah, that's a good point i think there's a lot of views and around the world what the price of renewables are, we're seeing the cost of solar is beating the cost of gas, gas generation, for instance, on a cost basis we're seeing those trends continue we're seeing renewables sort of blow estimates five years out of the water. where oil and gas is more volatile, in the long run we're seeing things increase yeah, costs are reducing enough. >> and definitely something to

keep an eye on thank you very much for keeping an eye on this. >> thank you. now we've got some flashes coming up over in italy. i want to take you to this early reports that we were looking at potential budget tweaks from the italians we are seeing that the italian deputy prime minister salvini when asked about lowering the 2019 deficit target, he said the government has had positive feedback from brussels but declined to talk about numbers some hintz there from salvini. certainly want to continue watching throughout the morning. now shifting gears, saudi crown prince mohamed bin salman has arrived in bahrain on a second round it's his first trip since the murder of journalist jamal khashoggi. he will head to bethe g-20

a british academic has been pardoned he's been in custody for over six months he will leave the country once, quote, formalities are completed. according to a statement, the uae accused him of being a member of mi-6 and convicted him for gathering intelligence. on the geopolitical front, ukraine's president will ask parliament to impose martial law amid a standoff with russia in the black sea. they say russian forces seized three ships after earlier opening fire on them off the coast of crimea. they say the vessels i will laelly passed state media the u.n. has called an emergency security meeting to discuss this later today. according to reuters, the ships are at the cpr crimean po.

moscow said it retaliated with airstrikes against insurge against although no group has claimed responsibility they tweeted that the action was used as a pretexts to bomb syria. u.s. president donald trump is reportedly unhappy with treasury secretary steven mnuchin. he's holding mnuchin responsible for the appointment of federal reserve chairman jerome powell who continues to raise interest rates. trump is reportedly concerned that the fed's rate hikes could lead to an economic downturn as a 2020 re-election campaign approaches. president trump denied "the wall street journal's" report saying he is, quote, extremely happy with mnuchin's job in a tweet he described as fake news >> the irony here, julianna, is of course this is not the first time that president trump has directed criticism of the fed.

we've heard from him the last couple of months he's been very vocal about his view of the fed's rate hikes not so happy with the impact that's having on the stock market with the most recent stock market volatility, he is looking at this and saying perhaps some of this is not on the back of our trade policies, tariffs, it's on the back of the fed. you need a culprit some of the political information, people are getting dovish it's more or less a given that they'll hike in december, but lots of questions how much they're going to be able to hike in 2019. >> we heard from jerome powell, every meeting is a live meeting. 2019, you won't be able to predict as easily when those rate hikes will come as inevitably adding to the

uncertainty we're seeing in the markets. it is unprecedented certainly over the last time. >> it's they're doomed if this do and doomed if they don't. if they don't hike, then they could be seen to be yielding to some political sway and to the president's demands. i think, again, coming back to fundamentals, the big concern is with the hike and the global growth many people are beginning to see next year we could see a moderation in u.s. growth, not necessarily negative growth or recession but lower growth than we got in 2018 which, again, raises questions about how far the fed can go and where that ultimate neutral rate is going to be. if the rate is 225, they will probably hike in december. the question is do they go for two, three, four can they afford to go with four?

lots of questions but then again the fed are probably closely looking at stock market volatility and looking at financial hiking conditions. we don't want to rock the boat too far, especially if the president is vocal about it. of course, we can't forget the impact on the dollar as well the dollar is another 5% stronger a lot of things to consider. >> well, coming up on this show, find out why the beautiful game turned violent ahead of the games in south america coming up after the break.

welcome back to "street signs. well, the board of mitsubishi motors has voted to move carlos ghosn as chair he was arrested last week under allegations of financial misconduct nissan's board ousted the executive last week although he remains at the helm of renault executives from the alliance will meet later this week to

discuss next steps amid rising tensions over renault's role in the alliance a story you've been watching closely. >> absolutely. one that remains in focus this week aston martin expects to double the number of luxury vehicles it manufactures by 2025 ceo andy palmer said the car maker is not seeing a slowdown in key markets despite over slowing chinese demand and the impact of brexit according to palmer, the company has seen year-to-date turnover grow by 185% in the u.s. and 118% in china. moving on to some other corporate news logitech has dropped a bit to buy plantronics. reports say plantronics which makes blue tooth earpieces and gaming head sets was looking to sell itself for more than $3 billion. the deal would have been

logitech's largest ever acquisition. talks hit a snag over price disagreements. today you can see that the stock is up about 5% on perspective news of that takeover. let's take a look at another asset class that we haven't talked about in a while but we probably should. that is cryptocurrencies we've seen a real big shocker, shocker decline there across the compl complex. you can see they're trading around 3800. we have our specialist joining us here. just looking at the numbers, i was having a look at them this morning. $700 billion is the drop in market valuation of cryp cryptocurrency across the board. another very interesting statist statistic. a year ago there were $2.1 billion worth of transactions in

bitcoin, now it's $350 million a day. with that, is there any up side for this if, one, not only has there been a severe amount of price damage but transaction levels have gone down. it tells you people aren't buying into the story anymore in terms of its transactional utility. >> that's right. a lot of people who got into crypto last year when there was this massive hype around bitcoin, many of those people appear to be selling that doesn't mean there aren't any bulls on bitcoin plenty of investors say this is normal you have to weather these storms and it's going to come back. those people believe in the technology and the currency itself the reason we see the massive drops are partially in technical selling. if it reaches below 4,000 you can see it struggles to be back. there are also serious regulatory concerns happening there. last week there is a report that the s.e.c. is investigating

whether that massive drop we saw in bitcoin was a result of market manipulation. you can imagine that's going to weigh on bit coin. >> i want to talk about other cryptocurrencies this can't be limited to bitcoin. surely investors are asking this question about the other digital currencies out there. >> that's right. you can see the prices of bitcoin's competitors have been sinking along with bitcoin prices as well i will say something to note is that policy makers have come out in recent weeks saying they support their own digital currency initiatives christine lagarde said they should consider their own currencies it's not altogether done. >> in the discussions you talked about cryptocurrency, it's about the technology that underpins it and blockchain and that's a technology we'll have many more talks about it

thank you for joining us on the show this morning. >> thank you ♪ ♪ and switching gears to sports now lewis hamilton has had a championship winning season with a victory at the ab but dhabi grand prix he claimed his 11th win of the year coming in ahead of ferrari's sebastian battell. let's talk about football for a moment south america's version of the champions league final this was postponed twice over the weekend after riots between fans and please in beuenos arie. there was an attack on a bus i have an argentinian husband. i waited all weekend for this match to happen but it sounded

pretty violent out there we have g-20 this week what sort of message does that send >> it wasn't the first thing on the minds of the people at river plate. these are the two biggest teams playing in south america huge ramifications all sorts of sections of the entire country are going to be interested in this game. it was scheduled for saturday night the first time and river plate found it at the stadium. at the boca juniors bus drove past, objects were thrown at it. windows were smashed players were involved. manchester forward was amongst them a couple of players were taken to the hospital with eye

injuries that meant fans arriving at the stadium, the few that did clash with police as well, thinking that they were going to see the game they said the game was going to be postponed they then -- coaches came out and set up cones for the warmup. trey tried on sunday but because they were feeling after effects of fatigue and the whole experience, it never happened again. >> it is actually becoming politicized now. >> the famous maradona is holding the government prepared. >> there's always accountability there. they should have been better prepared somebody is accountable. whether or not the south american football association, they could have done more to maybe mitigate this.

at the same time, fans will get out of line. >> you talk about the ramifications that will come on the back of this what can really happen what can they do to prevent this from happening again >> sanctions against both sides can be something that is called into attention boca, their team was attacked. maybe they should be awarded the victory in this. that will be no greater embarrassment than not being able to play it would be a hollow victory we'll see what happens next. >> a win is a win, isn't it, adam >> all right thank you for joining us that is it for today's show. i'm jomana versace. >> "worldwe chgeisp xtidexan" u xfinity mobile is a new wireless network

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