. >> the blueprint would be the eu turkey deal. they emphasize everybody is different. to keep the people, the economic migrants from coming to the european union. they are really at the start here. brent: as always, thank you very much. more world news. brent: welcome back. donald trump drops a bombshell he will not commit to accepting the election result if he loses. i was just the most controversial remark in a debate that saw plenty of mudslinging last night. it was the final tv debate before the election november 8. the girl has been in prison waiting after an attack in hanover back in february. he's charged with being in i s supporter. >> in february, then 15-year-old sophia stabbed a policeman in hanover. he allegedly knew of her plans. now she's on trial for a tinted murder and for acting in the name of so-called islamic state. the public have been denied access to the trial to protect the defendant and her family. they reject claims that the defendant acted in the name of ois. if she sympathized with i.s., she would not have apologized to a german police office

government has made some changes to the way they deal with asylum claims in response to requirements of eu turkey deal. >> the prime minister is being uncharacteristically coy about the terms of the negotiation to leave the european union. yet we know once the papers are given to the commission, they will be shared with the european parliament. would she not now undertake they will share those papers with this parliament so that we can have a proper opportunity to look at the position that the government is taking and comment upon it. >> i can assure this house, as i have done before, this house will have a proper opportunity to look at these issues as we go through, but not just a one off opportunity. as i've set out, there will be a number of debates on which we'll enable members of this house to give more detailed comments on various aspects of impact of brexit on different sectors of the economy, for example. >> given the committee is conducting an inquiry and drafting a report on interinstitutional relationships with the uk, can i very much welcome a meeting of the joint ministerial council

and eu and, turkey -- threatened to with draw from the u.n. >> maybe we separate from the united nationsning about u.s. interference is pushed president obama to set up a meeting. here is the argument. tohaps the biggest menace further their markup and a threat to even democracy. shift away from the u.s. >> nobody, but nobody. -- -- themashed by a approach by china and russia. he has even discussed the possibility of toss of china over territorial claims in the south ina sea after the philippines won a tribunal warning. be seen iss to whether he can maintain the skyhigh approval rating and how much trash talk special relationships for the u.s. can withstand. matt: you can read more about the philippines president and all of our quick takes on the bloomberg and that is your global business report. head to bloomberg.com for more stories. mark: delaying votes on a trade agreement with canada due to the political split in belgium. the vote brings up an important question about how easily the u.k. will be able to secure trade relationships after brexit. is simon kennedy, our editor in brussel

he said the deal the eu made with turkey should serve as a model. interior minister's comments come after the head of the european union's new border agency called for eu nations deport more migrants were not granted asylum. visit only 40% of people deemed ineligible for asylum are actually sent back. many of those who arrive in the eu are now using the dangerous sea crossing across the mediterranean to north africa. there's little sign that the flow of people will let up anytime soon. reporter: a moment of grief. this man has just learned his son died trying to cross the mediterranean. they bowed his some -- the boat his son took, more than 200 drowned. it is one of many such disasters in the mediterranean. >> we were on the water when we heard about the accident. we went to the scene but found no vote, only people swimming. we pulled them out using ropes -- some of s that we can only them. reporter: fisherman robbie survivors to shore. navy bodes transported the drowning victims. at nearby hospitals, the living right to come to terms with their los

migration to europe, requires us to work with turkey and in the six months since the adoption of the eu-turkey declaration, the in the sixigrants months since the signing of the reduction we have a crossing thegrants border from turkey into greece. in six months since 2015, there -- 582 deaths000 of migrants crossing from turkey into greece in the same time period this year. it was 48. that is still 48 to many. we have to consolidate the maintained and that means continuing to help greece, providing the officials necessary for the agencies working on the ground and we need to help unaccompanied minors. we need to continue relocating migrants from greece and continue the process of resettlement from turkey to europe. said, weent tusk continue to work with our african partners. we are working to agree on compacts with countries like niger, nigeria, molly, and ethiopia. there is progress being made but again this is a new form of cooperation which needs to be consolidated, extended to other countries, and asked arnold into -- and the external investment plan must kick in. and we need tost do so q

made some changes in the way they deal with asylum claims in response to the requirements of the eu-turkeyeal. >> mr. speaker, the prime minister is saying and characteristic -- this is staying uncharacteristically coy about the terms of the negotiation to leave the european union, and yet we know once the papers are given to the commission, they will be shared with the european parliament. will she now undertake that she will share those rivers with this parliament -- those papers with this parliament, a sovereign parliament, so that we can at a proper opportunity to look at the position the government is taking and comment? prime minister may: i can assure this house as i have done before that this house will have the proper opportunity to look at these issues as we go through , but not just a one-off opportunity. as i set out, there will be a number of debates, which will enable members of this house to give more to tell comments on various aspects -- give more detailed comments on various aspects of brexit on different sectors of the economy, for example. given that the public administ

theia and turkey are giving green light to a pipeline to transport russian natural gas to turkey and eues. relations have formed after .urkey apologized both countries wanted to press again with the project. i'm courtney donohoe. this is bloomberg. european banking stocks have been hit very hard this year. the stoxx 600 down more than 20%. lingering concerns about deutsche bank solvency. our next guest says it's time to start taking about some of these banks. joining us now, jonathan stubbs. great to see you. why is it time to start buying some of these european banking stocks? >> there are three big value trades. commodities, e.m. and banks. those value traps that become value trade. banks have been a big value trap. globally and in europe risks are reducing. we have smaller current account deficit across the market. less volatility from the dollar. . global economy we think the overall economy is getting better. aren't banks fundamentals mixed though? yes. you have fundamentals. we think are improving on valuation. the bank sector in europe is pricing risk. we thought valuation metric

turkey in the next hour. uk prime minister theresa may easing the brexit angst. the pound plunged. plan to a vote on the take risk out of the euthe fed passes open market committee. we will get it -- the latest on the thinking and minutes, 2:00 p.m. wall street time today, while investors give a 68% of hike. oil taking a dive in the past hour. a wide discrepancy in output figures. oilill discuss how the cartel is and the credibility of last month passes agreement. are just about 30 minutes into the trading day. let's head straight to abigail to tell us what is going on. basicallye are looking at flat markets. the dow s&p 500 and nasdaq all trading around even ahead of the release of the fomc minutes later today, 2:00 p.m. eastern time. to be chatting water. the declines have taken stocks down to one month lows. we are looking at a five day chart of the s&p 500. we have seen the magnitude of the climb especially yesterday. the question can be whether this area of congestion proves to be a turnaround for the s&p 500, or if it is the policy for another leg lower here we take across opec west -- classes, ave dramatic losses after

euing not to submit to any rulings was probably number two or three so access to the single market has fallen below 10 turkey20. thatis not the main issue the current strategy will try to achieve. i think the chances for a hard is different to the market. is the cable rate the thing you focus on or rather upside potential in euro-sterling? from a medium term, if we are era shone the dollar, euro-sterling still has a lot of juice left for the upside. let me be clear as to how we see things panning out. saw an initial knee-jerk reaction in the referendum results. imply that the whole event was priced into it. we had an acceleration of short positioning. extreme that so they started acting as a headwind for further selling weakness. .ow we are getting more clarity unfortunately, we seem to be getting more clarity that seems to be holding toward a hard rex it. -- a hard brexit. underneath that is potentially some deep reversal in the the u.k. has been experiencing for so many years. david: what do you see in the fundamentals to justify that today? move up in need to the rates faster than we thought first up -- f

turkey in the next hour. uk prime minister theresa may easing the brexit angst. the pound plunged. plan to a vote on the take risk out of the eumittee. we will get it -- the latest on the thinking and minutes, 2:00 p.m. wall street time today, while investors give a 68% of hike. oil taking a dive in the past hour. a widecr

eu mission, that united states assist wherever appropriate. whatever they need, we will help, the same way we do with respect to helping to enforce the agreement between turkey and the european union. on that body of water. the third point, as was pointed out, is more long term. that is trying to help these countries that are having difficulties where people feel either unstable, insecure, or just, hungry, and in search of opportunity. how do we help them to develop in such a way to where they feel they can succeed in raising their families without fleeing to more developed countries. that is a longer-term proposition. we have to begin to make investments now. i mentioned, we have obviously respect tossues with migration. net migration into this country has actually been flat, in some cases, even decreased or we have seen reverse flows, particularly to mexico.t one place we have seen a spike is from small countries in central america where the economy is doing poorly, agriculture is doing poorly, in part due to changing weather patterns. feist is that biden, i give him the charge of working with those countries to come up with a development plan. congress, o