kokou stays with us.up, we speak with labour party jeremy corbyn from the conference in london. that conversation is after 5:30 p.m. london time. xiaomi is expected to report a slowdown in sales in the third quarter. we look at where it goes from here. plus, india's central bank versus the government. which side will come out on top? if you have to step away from the tv, to into bloomberg radio live on your mobile device or on dab digital radio in the london area. i'll be following you there from 8:00 a.m. there, as well. this is bloomberg. ♪ 1:46 in:46 in london, new york. we could see a lower open for the u.s. equity market after modest gains in the s&p 500. we could see thin trading this week in the holiday shortened week. advanced happy thanksgiving to you all. let's turn to accompany we are watching, xiaomi is fighting a stock slump, shares down over 20% since its july listing, parley over concerns of internet services business. xiaomi has the opportunity to relay those fears with third-quarter resul

kokou agbo-bloua is still with us.ing interest rates and this was going to be great for banks, 2018 hasn't felt so good for the banking sector. so many issues coming out of the woodwork. kokou: the view for european banks was that as the ecb moved away from negative interest rate, it would be good for net interest margins, but he still had emerging-market turmoil, credit lending, etc. and it has been a constant series of drawbacks. valuation, it is clearly at a discount compared to other sectors. you have a lot of things that sector go right for the to start to see outperformance. this is where it is more of a long-term play as opposed to a short-term tactical strategy. matt: what is going on here? arebanks committing more -- banks committing more crimes or are regulators cracking down on things they weren't looking at? kokou: it is tough to say because a lot of these announcements are not predictable, but it is part of the cost of doing business and in the environment of regulatory tightening as opposed to an era of e

kokou: theresa may tries to sell her brexit deal. she tries to win the support of business leaders.bers of her cabinet are openly discussing rewriting the deal and some of the lawmakers are campaigning to get rid of her. former brexit secretary dominic rob, who resigned thursday, said he still supports the prime minister. you are notob, going to stand in a leadership contest. do you agree with that statement? >> i support the prime minister. i will not be supporting anyone who is a sending letters to the 1922 committee. and i would support her. desley: global news, 24 hours a day on air and at tic-toc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. much doesk you very the humphrey in dubai. --thly humphrey in dubai deathly humphrey in dubai the embattled prime minister will address the group as she fights insurmountable opposition in parliament and possible leadership challenge. ceo, ben. is the great to see you on the program. we talk a lot about what parliament will make of theresa may's deal or no deal. what do you th