anna: the world is keeping its eye on crh.nd standard charter said to be probed over $1.4 billion transfer. anna: if you are a bloomberg customer, you can watch this show using the tv function on your bloomberg. you can get all the charts views on the side of the screen. this is bloomberg. ♪ manus: financial and political pressures on catalan separatists. the prime minister holds up cabinet meeting today. harveyurricanes irma and are expected to hit today's jobs report. the calm before the storm. president trump offers cryptic remark as he meets with military leaders to discuss issues. anna: next cabinet minister says he is the link support for a campaign to oust theresa may. the pound weakens. manus: welcome to "bloomberg our flagshipope," show. i'm manus cranny. edwards -- anna edwards. this is really strong. a rebound aced on the weakness we had. the estimate is for a rebound up to 0.7%. we have rebounded up by 3.6%. the bundesbank said the economy will continue on. it will have slightly less momentum. data we got on w

crh declined to comment and sewanee could not be reached for comment.our bloomberg business flash. guy: let's move on to what is happening in the united kingdom. theresa may is heading into the annual conference. why hasn't she fired or's johnson? -- boris johnson? yesterday, she could only laugh and dodge the question as to whether johnson was " unsackable." >> what i have is a cabinet reunited and that is what you will see this week. united in a mission to build a country that works for everyone and agreed on the approach we take in florence. guy: theresa may, the british prime minister. how long is the question evil are asking this morning. i want to start with exhibit a. being quite from tort over the last period the latest data showing us we are now not short of the british pound anymore. what happens next? i think that to a large extent, we are going to potentially consolidate. i wouldn't be surprised if we get an extension of long dead. betweenthis tug-of-war the messy politics and on the other hand, you get a boost in sterling because of the boe

crh of 1.7% in this session. manus: thank you very much.h bloomberg television, up next there is so much to go through today. some of europe's biggest banks report earnings this week. later on interviews with deutsche bank cfo that i will go to frankfurt for that because i love frank for it to the ceo of barclays on friday. two of the underperforming european banks. we will get a picture of how they are doing. friday we speak to the ceo of ubs, sergio ermotti. coming up in the financials and that is important because they really drive for drag the equity market depending on how they are doing. join me on bloomberg you do -- bloomberg radio next. guy johnson will be there with me as well as max cap. -- max kettner. this is bloomberg. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and

the other stock we are watching is crh. crhgrove is the business was pointing itself towards.re is now a competing offer coming through for that business. that may change the mix a little bit. to excuse the concrete pond. -- concrete pun. this is bloomberg. ♪ guy: minutes until cash opens. things to pay attention to, spain is front and center. it looks like the ibex is going to open software this morning. dayid have a 2.5 of yesterday. softer today, down by half of 1%. well, i will as show you a chart of what is happening with sterling right now. it could be a factor about how the ftse is going to trade. clearly a factor for later on his clearly discussed. just ignore a bad number but we have a strong number can really enforce what the fed is going to do this year and next year. the luxury stocks this morning as well, some of the gaming casino stocks, the numbers were not quite as good as anticipated. let's turn our attention to the market open. these are the numbers where watching, keep eye on the ibex. 75, 72ding north of pretty quickly. the ftse 100 the main dish and the --

global construction materials maker crh is nearing an agreement.ding to people familiar with the matter of the companies could announce a deal as early as this week. -- asay that agreement may representative declined to comment. john cryan may face pressure from investors as germany's biggest lender fails to show results in the next six months. one of the bank's largest investors. manager toldfolio the newspaper we have not seen any sign of growth in the investment bank. we need to see this to prove the strategy is working. thanks channel hundreds if not thousands of employees out of the u.k.. brexit to reach $500 million or more according to people with knowledge of contingency planning. they find it more difficult to persuade them to move abroad. crispin audi says new european rules on research will result in less training, less efficient markets. if itte a letter that causes the cost of capital to rise it will get different levels of information in the market, resulting in those trading less. markets startised on january 3. saudi arabia has post

it seems like at the related race with -- it seems like a three legged race with crh.s a question you would like to ask the leaders of the conservative party? antonio: they key question is, what are the penalties, alternatives -- what are the alternatives? it was not clear to me. how that play out? tim: this is one of the big issues for the conservative members of parliament. if they get rid of theresa may, who comes in and do a better job of negotiating brexit? boris johnson is pretty controversial, not popular. chatting -- werk were chatting. is it a good thing to get more if you are disliked? tim: he was the head of the brexit campaign. he compared the european union saying the e.u.'s aims were similar to out of hitler's -- to hitler's'. the sorthink that is of negotiating strategy that is going to go down well. the moment, the change in tone from theresa may after her speech, which was more conciliar was willing to pay britain's bills. francine: what do we know about with the premenstrual do this weekend? -- what do we know that the prime minister will do this week

global construction materials maker crh is nearing an agreement to acquire suwannee american cement.ccording to people familiar with the matter, the companies could announce a deal this week. at deal may value suwannee $150 million. a representative declined to comment. cryan mayank's john face pressure from investors if a turnaround fails to show results in the next six months. that is according to "the sunday times." a senior portfolio manager at union investment told the newspaper, we haven't seen any sign of growth in the investment bank. we need to see this. hedge fund manager chris says new european rules on research will result in less trading, list price discovery, and less efficient markets. he wrote that mifid ii should cause the cost of capital to rise because it will give different levels of information to people in the market. the revised markets and financial instrument to directives start january 3. francine: thank you so much. as theresa may's conservative party holds its annual conference, the prime minister has been fielding questions over boris. speaking to the bbc