do well in the next election and really new to the kind of corbyn threat and i'm not sure how matthew elliottin —— airbnb the threat —— elliott has a history of bringing along heavy hitters to push towards along heavy hitters to push towards a certain goal, he is very goal oriented. to bring the party together, he does not seem like a bad pick. also he has a very liberal version of brexit which i would personally support, the idea that we won't close the borders, we will be open to the rest of the world, we wa nt to open to the rest of the world, we want to be more outward looking. that is a nice way of looking at this, especially when the debate between soft and hard brexit is going on. the other story, one of the stories in the times, britain considering, they say, selling front line warships. this isn't interesting story because we've had a line from the mod, the defence correspondent quoting them, saying they are denying this, that there are no plans to go below the current strength in the navy of 19 frigates and destroyers. this story is claiming that maybe they are talking to chile and

manus: matthew elliott, the ceo of business for brenton, joins -- business for britain, joins us.to switch off bloomberg tv, you can turn bloomberg radio on the global device -- on your mobile device. manus: coming up, japan's as therties debate election nears and we look at the sticking points between them. anna: catalonia's separatist government faces a political squeeze. this is a crucial one that could develop throw the day. this is bloomberg. ♪ manus: it is 1:44 a.m. in new york. futures taking a moment of breath, because you have had record after record. six records in a row in s&p. you have not seen that since 1997. it is the longest winning streak since 2013. juliette saly has your business flash. juliette: catalonia's biggest banks are getting closer to living the politically volatile region as customers signal and declaration of independence would prompt them to pull their deposits. will moveas said it its headquarters. xa bank will transfer its headquarters as well. no one at the bank was able to comment on the meeting. a company is -- according to people with knowledge