but what could these changes mean in our brexit house?ort to try and keep online retailing just as simple as it is today, but if there's even a perception that northern ireland is a more difficult or expensive market, it may lead some smaller retailers to consider if it is even worth doing business here. so the practicalities of the new sea border will be challenging we asked to speak to the relevant uk ministers about these issues but none were made available. it is possible these issues can be mitigated but not entirely sold, but that will take a series of agreements between the eu and the uk and time insured. —— time is short. hello, for some of us october has been a very wet month, but there are signs of things looking drier and quieter in the first week of november. notjust quieter in the first week of november. not just yet as there quieter in the first week of november. notjust yet as there is more rain in the forecast overnight courtesy of the frontal system the north, plenty of showers across northern scotland and northern irelan

wanting to a crucial international player in borisjohnson wanting to edge this brexit law across the line this week in the house the line this week in the house of lords. one thing we know is that he is many things, joe biden is a proud irishman, he's already said he will be defending that good friday agreement with every piece of energy he has. that good friday agreement with every piece of energy he hasm looks like flippant comments aren't going to wash any more. in a so—called special relationship. tony? the uk and the us have a special relationship, in britain we call it the special relationship, america has special relationships with lots of countries. most notably ireland. they've only just with lots of countries. most notably ireland. they've onlyjust become aware of these things called irish—americans in downing street, it would appear. trump has had a close relationship with boris johnson. but it hasn't yielded anything for boris johnson or the uk. biden is a conciliator. he won't go in guns blazing. but i think the relationship between downing street and the white house will be significantly and the w

house of lords which could have a big impact on the government's talks with the eu. it could do. joe biden doesn't much like the way the government has been pursuing brexit, and neither particular about ministers‘ plans to give themselves the ability to break international law, to take more control over what happens in northern ireland if they cannot reach a joint agreement with the european union. this has been hugely controversial, condemned by lots of people, and the house of lords is likely to kick it back to the house of commons tonight. number ten is sticking by its view that these are necessary parts of what has to be put in law, to be in there they would even say to safeguard the union and the peace process in northern ireland. and meanwhile the talks are up and running again, michel barnier in town today. how are they going? that controversy in the house of lords tonight injoe biden‘s brain is part of a wider jigsaw of what is going on here. michel barnier and his officials will be locked in a room with uk negotiators for the next few days, and given we are meant to be leaving the status quo that we have been in since we left the european union at the end of

you have gone from having a president in the white house passionately pro-brexit, promising the u.k. free-trade deal, to a president who is anti-brexit and sounds skeptical about the u.k.'s plans for trying to ensure trade within the u.k. after brexit. the other thing is time now really is of the essence. it is only until the first of january 2 agree and ratify a deal. that's a long process. both sides are getting quite twitchy since the talks have been along for so long and have not come to any agreement. ros: i'm ros atkins with "outside source." our lead story is a good one, the development of a first proven vaccine for coronavirus hailed as its maker pfizer as a great day for science and humanity. let's turn back to the u.s. election. the voting very much still goes on. joe biden was announced the winner of the election saturday. states have yet to officially certify the results. candidates almost always accept the independent analysis of major u.s. media companies as the outcome. it was whistle -- wisconsin, michigan, and pennsylvania that proved critical. the last few percentag

the government has vowed to overturn two heavy defeats inflicted on its brexit legislation in the housellow ministers to override the brexit withdrawal agreement that was signed by the eu last year, and break international law. living under tough restrictions has had a huge impact on our lives, and so it is fitting that "lockdown" has been named word of the year by collins dictionary. the pandemic is the dominating theme in the top ten — with phrases like "key worker", "self—isolate" and "social distancing". and "megxit", referring to the duke and duchess of sussex stepping down from royal duties, also made the list. some children have forgotten how to use a knife and fork, while others now struggle with reading and writing, according to a new report looking at the effects school closures have had on pupils. 0fsted says the children who've been hardest hit during the pandemic have lost some basic skills, and that physical and mental health has also been impacted. let's speak to amanda spielman, who is the chief inspector at 0fsted. 0n good morning. nice to speak to you this morning. how

brexit. >> this house has no confident in our government. >> reporter: thatcher resigned before the end of rather than risk losing an election, something that had never happened to her before. today, 30 years after she left power, most historians ranked margaret thatcher as the most important leader since winston churchill. she died in 2013 and british leaders are still trying to measure up. >> i think it's undoubted that she could with the rhetoric and the diversion to deity and the master of detail and sense of purpose get a long way. it's that capacity to get a long way which seems to have slipped from us in recent years. >> shortly after her fall, she came to the united states or had a brief moment to interview her and she actually took me aside and had a brief chat, introduced herself. it was kuwait amazing because everyone told me, she is not going to talk. and she walked right around. >> that was to get to you talk. >> it made me feel like, whoa, you know, maybe folks see something to talk to me about. >> without a doubt. >> the thing i love about "the crown," is that it does make y

more brexit defeat for the government, as the house of lords kicks out their plan to protect uk trade

house pressure to stopctive duty forces to popular protests. his departure may indicate a post election -- in other news, the yucaipa prime minister, boris johnson, is bowing to know ahead with potentially illegal brexite house of lords. the upper chamber voted to reject the lords. it prevents them from having the final say. brexit talks resumed in london. as elected joe biden has said harm transatlantic trade relations. exports from taiwan rose at their fastest since february, defying concern that u.s. sanctions on huawei and other chinese tech firms would hurt trade. overseas shipments rose more than 11% in october from a year ago to a record monthly high of 32 billion u.s. dollars. imports fell by 1%, leaving a trade surplus that widened to $7.5 billion, also a record. myanmar's ruling party is claiming victory in the country's second post military election, saying it has won enough to retain power. the national league for democracy is on course to claim 290 seats of the national assembly. she retained her seat by a landslide but has been resized for failing to deliver in the previous government. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists a

joe biden has made it clear that he is not a fan of brexit nor the government's approach to it. 0ur political editor laura kuenssberg is in the house. as you say, joe biden has been clear he doesn't think very much of brexit and in particular he doesn't like the government's controversial plan to give ministers more control over some aspects of what happens in northern ireland if they can't reach joint agreement with the eu. the real kicker about that is that the government says ministers should have the ability to break international law if they need to, to do so. butjoe biden is not alone in having distaste for that. but the other members of the house of lords are talking about this right now and think the plan is not much short of an outrage. later tonight they are likely to put it back down there to the house of commons but the government has no intention of backing down and getting rid of these clauses for now at least. laura, thank you. the grenfell tower inquiry‘s heard that a manager at arconic — which made the cladding panels partly blamed for the disaster — wanted to keep a poor fire test result "very confidential". he al

the government has been defeated in the house of lords over its controversial brexit legislation.market bill amid claims that it would allow westminster to impose standards on the rest of the uk and "shackle" governments in cardiff, edinburgh and belfast. the bill sets out to create a uk internal market after the end of the brexit transition period but a former supreme courtjudge suggested the government wanted to do that by imposition from westminster rather than by agreement. it's difficult to avoid the conclusion that this government regards devolution as an inconvenience which can simply be ignored. when it wants to. i regret that very much indeed. i'm a unionist i believe in the union and all that it stands for, and all the values that i hope it will continue to give us in the future. but i'm afraid we see here an uncompromising, careless, and centralist style of government which divides our united kingdom into pieces at a time when harmony is most needed. it has no place in our democracy. labour backed lord hope's amendment. everybody accepts the need for as friction the str

more brexit trouble for the uk government, as the house of lords kicks out their plan to protect tradeiggery. the two million year old skull giving scientists insight into human evolution. hello and welcome. it isa it is a busy one, so let's get started. the armenian prime minister says he's signed what he called a "painful" peace treaty with azerbaijan to end the fighting in nagorno—karabakh. during more than a month of conflict the armenians have steadily lost territory. in this programme yesterday, we heard from the president of azerbaijan, ilham aliyev told the bbc that his forces will stop fighting immediately if armenia withdraws from occupied territories surrounding the disputed enclave. mark lobel has the latest. azerbaijan's territorial gains have been armenian losses during over a month of heavy fighting, with devastating casualties on both sides. capturing the disputed region's second—largest town was not just a symbolic victory for azerbaijan, it may have been the decisive one, forcing armenia's prime minister into a climbdown. in a statement on facebook, armen sarkissian d

the house of lords have defeated in the house of lords over its controversial brexit bill which woulde withdrawal agreement that was negotiated last year. peers voted by 433 to 165, a majority of 268, to remove a key clause from the uk internal market bill. that gave ministers the power to override parts of the exit treaty. a few month ago the government said it was breaking international law. but it was intended as a tidying up exercise. the government set a few hours ago that if that would happen, they were expecting the defeat that it would return to the commons and would be just resubmitted it would return to the commons and would bejust resubmitted by it would return to the commons and would be just resubmitted by the commons meaning it would go into what is known as ping—pong here where the commons and the lords just keeps on pinning things back to each other. that news just in the heavily —— heavy defeat of the internal markets bill. stay with us on bbc news, still to come... digging up the secrets of human evolution. we speak to the husband and wife team who were part of a tea

house of lords has rejected breaking international law over brexit. ted to remove the most controversial part of the bill which comes with legal action from the eu, but prime minister boris johnson is refusing to back down, pushing ahead with the new law. the house of lords can only delay legislation, not block it. president trump has fired defense secretary mark esper. the relationship soured in recent months after he resisted the president deciding against using active duty forces to quell protests. it foreshadows a broader postelection shape up. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. results of the covid-19 vaccine trial from pfizer and biontech are getting optimism that the world will soon have a way out of the pandemic. arerts are -- there questions about production and distribution. and how much and how long the vaccine will protect you. joining us now who covers bloomberg intelligence. sam, always great to speak with you. do you have concerns tha

house. democrats have hit at the mov e. france is heading back over brexit. the foreign minister says talks remain "highly uncertain," and the two sides are still extremely far apart from key issues. ursula von der leyen says the two sides remain far apart. in italy, the government aid criticizing the decision, including former prime minister david cameron, who says as money is about who we are a country. and a former football legend has died, suffering a heart attack after recovering from surgery to remove a clot from his brain. he struggled to cope with the fame and battled addiction for many years. argentina has declared three days of national mourning. global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. francine? francine: leigh-ann, thank you so much. the internet really came together with the death of maradona. had manyeople memories. the french president actually talked about what he had given the world, and i had read

house race. the u.k. is hinting that brexit talks may be extended as the two sides face the deadline. the two sides head back to brussels with the johnson government saying it will not change its stance despite some reported progress. is irish prime minister believed to have said that the deal is difficult but possible. china has issued an alert telling northern regions to reduce emissions as air quality worsens with the approach of winter. the area is expected to see potentially heavy air pollution this week due to poor weather conditions and high your heating and missions as the economy recovers. officials say that pollution has exceeded level seen in recent years. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. >> still ahead on the show, the top u.s. infectious disease expert hopes recent vaccine claims leads to higher acceptance rates but william haselton is not so optimistic. and no concession. president trump backtracks on any hint of defeat.

you get biden in the white house, some deal when it comes to brexit and the vaccine.hen you look at the numbers we have today, europe is very much immersed in the second wave of infections. we are seeing those restrictions in place for longer, becoming more structural. there is no indication that the lockdowns are going to be removed anytime soon. we know the european commission yesterday really welcomed this development. this vaccine, 90% efficiency. saying thater leyen the european union would add an order of 100 million doses to try to provide for the entire continent, but you are looking 27 different countries. who is going to get the vaccine first? when you get this to the people, will they want to get the vaccine? there is a debate from people who say, i don't want to get the first batch, i am concerned about, i may want to wait. there is this gap between getting the vaccine and getting it to work very efficiently. the medical community has welcomed it. this has been done almost at a record time. reaction, which is in the european markets, was so much more, i su

coming up: the race for the white house — we'll examine what impact today's us election could have on relations with the uk, especially during brexituper league campaign early, saying they are unable to field a team for their last three games after more positive coronavirus results in the latest round of testing, on top of a string of injuries. it's election day in the united states and polls have started to open for the presidential election. donald trump and his democratic challengerjoe biden spent the final hours of the campaign in the swing states that could decide the result. national polls suggest a firm lead for mr biden, but the race is tighter in the key battlegrounds. more than 98 million people have already taken part in early voting. ben wright reports. across the united states, in person and by mail, americans have voted in vast numbers already. nearly 100 million people have cast their ballots early and more will have their say at polling stations today. for both candidates, monday saw a final sprint for votes around key swing states and both made campaign stops in pennsylvania. lagging in the polls, donald trump has

house. the government said that was not true, the eu said it did not get that impression. we know what joe biden's opinion is on brexitgood friday opinion and we know about his routes to ireland but i think it comes down to this deal here, again, it has not changed the main issues on the table. and the government has to decide is about sovereignty and messy politics or will play better for the prime minister to make concessions and insist that the eu makes concessions as well and get a deal, however thin it is. or really, we back to the argument where it is such a thing deal at the end of the day, with the government tying its hands at all and will there be a lot of blame put on there be a lot of blame put on the government as a result? and that really is where the eu is watching and waiting to find out. although what i think was interesting about that clip from the taoiseach, the second one, he was not saying do a deal and respect the good friday appeal union otherwise you will annoyjoe biden, he wasn't explicit, he was saying if you fail to do with the eu you will become a bit of an international pariah and it will

changing geopolitical landscape so you've gone from having a president in the white house who was passionately pro brexitis time now really is of the essence. only until the 1st of january to a degree and ratify a deal. both sides are getting twitchy that the talks to been going on for so long and still have not come to an agreement. donald trump's defeat was announced while the president was playing golf — and when his campaign set up in a gardening firm's yard — just by a six shop and a crematorium. donald trump tweeted that there would be a press conference on saturday morning at the four seasons in philadelphia. people assumed he meant here — the four seasons hotel. but another tweet followed with a clarification. not the hotel — but four seasons total landscaping — a gardening company in an industrial area on the outskirts of philidelphia. the washington post took in the arc of donald trump's presidency — with a story headlined — ‘it began on a gold escalator. the articles quotes the company's director of sales: "i have no idea whatever the reasons, the trump campaign had made its decision — and set

brexit. coming up, as president-elect, joe biden takes his -- pyxis white house chief -- pick his white housee will talk politics a little bit later. up next, more with richard gnodde. this is bloomberg. ♪ ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i'm francine lacqua here in london. let's get back to our exclusive conversation with richard gnodde from goldman sachs international. thank you so much for staying with us. what's the best hope right now for u.k. financial services in negotiating brexit in this late hour? richard: yeah, believe it or not, this is a topic we have been talking about for just over 4.5 years now. i think all the major firms are well prepared for the move and are working on the assumption that there will not be a deal. so to the extent there is, it is upside. think what's really important is that the u.k., from a regulatory point of view, from the,rastructure point of place that big a financial firms want to be to service the global markets. it's obviously more than the eu. important part of business being done in london, not the only p

u.k., the house of lords suggested government plans to break international law over brexit, voting to remove the most controversial parts of the international market bill for internal market bill. it gives ministers the power to rewrite parts of the brexit deal johnson signed with e.u.. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i'm ritika gupta. this is bloomberg. much.hanks so how about a data check after what we saw yesterday? extraordinary. let me give you levels, much more than change. spf, 35.51, up eight points. here, dell futures yesterday touched 30,000 for a split-second, and then came back foot -- dow futures yesterday touched 30,000 for a split second. then came back. off the rebound yesterday, that's not back, i should say. -- that snapback, i should say. .99. crude 42 i would also note, japanese yen -- you've got to be attention, a weaker one, one of 5.35. -- 105.35. francine: we look at the hurdles, but partly just because of the euphoria we had and the last 72 hours. trea

house and congress. americans will be voting on everything from the gig economy to marijuana to taxes. joe, we all know, after brexitafter the 2016 election, pulls, you have to take with a healthy dose of salt, but we are going to look at them anyway. joe: even in the absence of perfectly reliable data, we will tell stories on the data that we have. polls all seemhe to be saying the same thing. most people seem to think that joe biden is going to win. you can see how similar trump's pulling his versus the same time last year. the polling is, similar. not sure what that chart tells me. should i panic? joe: sell everything, by and back in the morning. up a lotwhat tripped of people in 2016 was not the popular vote, it was the electoral college trump's into thosereally go swing states and dominate there. we just had ed ludlow talking about what is going on in arizona. us, keeping our election update story going all day long. the mostd you say is interesting thing that happened on this final full day of fall campaigning? >> really come at this point, it is over, we just don't know what the answer is. thought you were go

the house of lords is due to vote on the internal market bill this afternoon, the controversial measures that would breach parts of the brexitow speak to lord falconer, who's the shadow attorney general — he joins me from westminster. so is this going to be voted down in the lords? i don't know, but there is huge opposition to the government taking powers to unilaterally rewrite the northern ireland protocol agreement that the government entered into only nine months ago. so on the basis of what happened at the second reading, i suspect these provisions are going to be taken out of the bill this afternoon in the house of lords. it's interesting that you say you don't know. it is talked about this morning is being widely expected that the government will be defeated. are you unsure of the numbers? i say i don't know because it ultimately depends on the vote, and you can never tell. if you are saying the general view is that they will be voted out, i agree but you can never be sure. and remind people what is at stake here, why is this controversial? it's really important because the government entered into an international agr

house race. the u.k. is hinting brexitay be extended if the two sides deadlines.mposed negotiations head back to brussels this week with the johnson government saying it will not be changing its stance, despite progress. simon company has reported to have set a deal is difficult but doable. some sources say "this is the week to move or there will be no deal." reported virus cases in the u.s. have topped 11 million with new jersey recording and kurt -- a record number for the second straight day. u.k. prime minister boris johnson is self-isolating after being exposed to someone with covid-19. downing street says he is well and does not have any symptoms. sources in berlin says germany will face "considerable social restrictions while -- well into next year." global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm karina mitchell. this is bloomberg. haidi: still ahead, china's october data dump is due in a couple of hours. we are preview

members of the house of lords have criticised the government's controversial brexit legislation whichseries of votes on the uk internal market bill later this evening. we can speak now to baroness angela smith, who joins us from westminster. it looks like it this will be voted down in the house of lords but the government claims this is to protect the northern ireland peace process. do you accept the logic in that argument. if we did we would not vote down the clauses. we did not refuse the whole bill but what we're doing is taking out part five for the government really seems to give the government really seems to give the right to ministers to override and ignore the rule of law. and i think the view of the house of lords as we saw in the vote a couple of weeks ago is that nobody is certainly not ministers can be above and beyond the rule of law and that's what this is about. this is quite extraordinary and i think those committees at the house of lords has that it is unprecedented and extraordinary. what is happening is really the treating come of the negotiations, the work that ha

president trump will be in the white house until the 20th of january, so we might have some further resolution of what will happen with brexitunion. happen with brexit and the trade dealwith the european union. we will try to talk about that. damien mcguinness, in berlin i know you can give us some reaction around europe, but can we pick up on the point jessica was raising about the potential implications about a trade deal, the last bit of the brexit arrangement that needs to be completed and the clock is ticking. the people in berlin, brussels, in paris think the election ofjoe biden will force the british to change their calculation on that one? i think there is an awareness, as he was saying just now, president biden believes in multilateral institutions. president trump was accused of undermining those institutions. for berlin and germany and europe in general, those institutions are crucial for security, for economic prosperity. when it comes to brexit, i think the awareness here is withjoe biden, even though you might have some policy differences, for germany, when it comes to trade links with china or energy links wi

housing market. you have a good set up. the negative cloud is obviously brexitthe good news about december 31 is it will comment go and those clouds will start to lessen in terms of being the dark clouds on the horizon. guy: you sound like you are not anticipating a no deal. exit, i in terms of the think the good heads will prevail and i think we will get some form of a negotiated brexit. the u.k. has already left. we are in the transition period and just looking at what happens. i think the ability to negotiate trade deals between now and year end is going to be a stretch goal. you may see that transition period gets pushed out. hopefully they will have some agreement in terms of the sticking point from the trade negotiation, the fisheries and the border issues. alix: i want to get your opinion on yields in the u.s.. if we get to 1% on the 10 year, that is next remove in a few days. how does that change your mindset of the market? movement in the yield is reflecting of the fact we are optimistic about a vaccine and what that will do to the underlying economy. i

concede is an embarrassment as the white house stalls a transition, while secretary of state pompeo even talks of a second trump administration. biden's brexit warning. the president-elect uses his first call with boris johnson to reaffirm his support for the good friday agreement. and risk-on rotation. a move out of tech picks up steam while a chinese crackdown on tech wipes almost $260 billion in two days. alibaba and tencent sink. good morning and welcome to "bloomberg surveillance." i'm francine lacqua in london. tom keene is in new york. tom, of course we will look at life pictures coming in from paris, and i think we also have life pictures coming in from hong kong. it could be -- life pictures coming in from hong kong. some of the opposition has quit to protest some of the powers coming in from china. this was after china moved to disqualify certain lawmakers who are not deemed sufficiently loyal, so the opposition bloc in hong kong resigned altogether. dani: the present news from -- tom: the present news from china, but it can wait until armistice day. the arc de triomphe in early 19th-century century. not known, the first internal f

's house of lords has rejected government plans to break international law over brexit. ve the most controversial parts of the bill, which prompted legal action from the eu. boris johnson is refusing to back down, valid to push ahead with the new law. the unelected house of lords can only delay legislation, not block it. european union is imposing tariffs on 4 million -- $4 billion of u.s. goods as part of the tit-for-tat escalation in the fight over legal aid -- illegal aid to boeing and airbus. the eu says it will drop the duties if the u.s. removes levees is imposing 2019. armenia's prime minister says he signed an agreement to end the ajerbaijanter captured a key city. vladimir putin says the agreement will be the basis for long stability in the region. the federal reserve once assets facing decline if the virus goes unchecked. most assets have maintained strong level so far as investor appetite increased and the government intervened to support the financial system, but signs of weakness are showing in commercial real estate. global news, 24 hours a day, on air and o

house come january 21. what does that mean? implications for the northern ireland protocol. one of the big political brexitrst phase withdraw agreement, how do you avoid a hard border in ireland? agreed to put the border in the irish sea. it has been clear with the internal markets bill, britain wants to rewrite the agreement in part. this could impinge on the good friday agreement. deal withants a trade the u.s. after brexit. that had been moving forward under donald trump. links a trade deal to britain respecting the good friday agreement, there is a question with the internal market bill -- how far do they push it? if he gets a deal, that could fall away. if he doesn't, how far does he push and jeopardize the u.s. trade deal? francine: thank you so much, ed evans. the trump administration plans to keep up pressure on iran during its final days in power. the u.s. section five companies in russia and china for alleged dealings with iran. more sanctions on iran are expected in the coming weeks related to weapons of mass destruction and human rights. china will not meet the target for buying american goods

brexit. so, for example, in future, they'd be unable to do things like ban plastic bags or set minimum prices for alcohol. the housing a scheme to help deprived towns in england. a multi—billion pound fund awarded £25 million to robertjenrick‘s constituency of newark. why did the secretary of state tell his own constituents, "i helped to secure a £25 million towns deal which will make the town centre a more attractive place to spend time in," despite claiming to not have been involved in any decision about newark on the andrew marr programme, on 11 october, 2020? newark was the 16th most highly—ranked town in the east midlands to be a beneficiary of the fund, and we supported 19 places in the east midlands. there's absolutely no reason why a minister should disadvantage their constituency. anyone who travels to work by train will know that once—crowded commuter services now carry a fraction of their pre—pandemic passengers. the commons transport committee questioned railway operators about how the industry would have to change to lure its customers back. we were down to as low as 5% of passenger numbers in the very e

house. democrats have hit out at the move. france is accusing the u.k. of dragging its feet over brexit.he nation's foreign minister said the outcome of talks or means highly uncertain and the two sides are so it's really far apart. president sayson the coming days will be decisive. facing. chancellor is backlash for his decision to cut the u.k. foreign aid budget. it's a signal that the government plans to prioritize the domestic economy. many are criticizing the decision including the former prime minister who says the money is about who we are as a country. italy is calling on the ecb to cancel government debt incurred during the pandemic. the top aide to the prime minister wants to wipe out bonds or hold onto them forever. the demand reflects the fiscal whole italy finds itself in. it is suffering from high levels of debt for the pandemic. global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts in 120 countries. this is bloomberg. coming up, christmas. the cheer has been canceled. the german chancellor warns virus curbs could be extended

burned by brexit and the surprise election for many, and people wanted to go along into perhaps a biden wave, it would seem. romaine: we talk about the biden ine, but we have every seat the housef representatives, 430 five also up for grabs. youidea is that blue wave mentioned, it would essentially move the senate from republican-controlled to democratic control. if that plays out, may be the reflation trade will be validated and maybe they won't. joe: let's talk about one of the states that is getting a lot of attention tonight, and it is a state that is often not seen as pivotal, but things are changing in the world. i want to go to matt miller, who's in texas, to talk about texas. haveis not a state people thought would be decisive, now it is probably one of the most-watched states of the whole night. matt: i cannot believe we are sitting here talking about this. i moved to texas two months ago, and if you told me texas would have been in play in august, i would have laughed. but the voter turnout is huge and it is playing on both sides. it is really a tossup on the ground. you see a lot of trump supporters with flags and driving their pickup trucks around, but then you see

housing stocks. as well as a bet of optimism being expressed about yet again the possibility of getting a brexit deal over the line before the end of the year. as for the german index, that i also up. and autos are performing quite well today and also icac in france up about 1.5% and the italian index also having a nice rebound today. so good day for european markets. cyclicals are very much in the lead and switching to currencies, you can see that here yet again is a picture of dollar weakness we had some of that transpire toward the end of last week, that is continuing today the euro is just shy of 119, about 118.80 is the handle. the dollar is firmer versus the yen. but crucially we are to the down side and we have jumped a good three points in the last couple sessions and what about u.s. futures? after the stellar week last week, the u.s. indices had their best week since april. and today the picture is still positive we have the s&p pointing to open 46 points higher, so just shy of 47 points now. and the all-important tech in x index, also pointed to open up in positive territory. 200 points hig

house next year. the most senior advisor to the british prime minister, borisjohnson, has left downing street for the last time. dominic cummings was a key figure behind the successful brexition of nagorno—karabakh, following a deal to end 6 weeks of war between azerbaijan and armenia. under the agreement, armenia will withdraw from districts held since 1994. azerbaijan will keep territory in nagorno—karabakh and the surrounding areas, retaken during the fighting. the enclave is internationally recognised as part of azerbaijan. but victory has come at a cost, as our international correspondent, orla guerin, reports from the city of terter in azerbaijan. "get up and let's go," lalazar begs. a mother's lament at the grave of her only son. 25—year—old mehdi joined the azerbaijani army to fight for nagorno karabakh. he was killed last month. buried by his side, his 17—year—old cousin melek. mehdi's uncle natig safarov says they both took a secret to their graves. we were welcomed to the family home near the front line city of terter. and to a room full of anguish. generations grieving for what might have been. the women sing lullabies to those who died in battle. and who are r

house next year. the most senior adviser to the british prime minister, has left downing street for the last time. dominic cummings was a key figure behind the successful brexitre than half a dozen organizations working have targeted more than half a dozen organisations working on a coronavirus vaccine, according to microsoft. the organisation said it had detected attempts to break into the computer systems of seven pharmaceutical companies across the globe. most of the break—in attempts failed but an unspecified number succeeded. here's marcus fowler from the cybersecurity firm darktrace, explaining how difficult it is to trace who the hackers are. attribution within the cyberspace is always incredibly difficult, so without seeing exactly the data or the intelligence that microsoft are looking at, it is hard for me to say exactly. there are certain trademarks that go with certain campaigns or certain types, so they may be attributing some of that as well as maybe some of the ip addresses that things are coming from. it starts to get a little murky in terms of bing able to designate, yes, this was the russians, but they are probably going more after trade cra

houses. the eu has warned that without further compromised by london, brexit negotiation's may be terminated by this weekend. and those are your first word headlines this hour. david: a lot more coming up here on the show. we are talking the global equity rally on track. blue circle, best month on record. the momentum is actually sustainable moving forward. plus, oil markets and crack's are appearing in the opec-plus, just days before a key policy meeting. we will discuss the indication of this massive rally we have seen the last few weeks. all of that is coming up. this is bloomberg. ♪ s is bloomberg. ♪ let's discuss prospects of a vaccine reflation with head of asset management, on the line from melbourne. great to have you with us. you have doubts over the vaccine reflation trade. it will continue until we have that global equities hit a pause in the overnight session. we have been seeing stronger and stronger indication of the rotation trade as well. what do you expect to see next year? is it a vaccine reflation trade, or is it we start to see some of the follow-through with a fed and st

house next year. the most senior advisor to the british prime minister, borisjohnson, has left downing street for the last time. dominic cummings was a key figure behind the successful brexitnts have targeted more than half a dozen organizations working on a coronavirus vaccine, according to microsoft. it said it had detected attempts to break into the computer systems of seven pharmaceutical companies across the globe. most of the break—in attempts failed but an unspecified number succeeded. marcus fowler spent 15 years at the central intelligence agency developing global cyber operations and technical strategies, until joining the cybersecurity firm darktrace last year — hejoins me now. how do we know the attacks of been carried out by russia and north korea? that is a fantastic question. attribution within cyberspace is incredibly difficult so without seeing exactly the data or intelligence, it is hard to say exactly. there are certain trademarks that go with certain campaigns so they may be using some of that as well as some of the addresses. it starts to get a little murky in terms of desert mating that this was a russian but they are probably going more after craft a

and also we have brexit to contend with switching gears, president trump takes questions from reporters for the first type since the election saying that he will leave the white house if the electoral college confirms biden as the winner. however the commander in chief said conceding to the president-elect would be a, quote, very hard thing >> and we are going to get a chance to does you the b word. >> brexit? >> we can discuss that too but unfortunately, we'll discuss it alongside brexit and i say unfortunately just because we've all been waiting anxiously to see what happens next. talks are set to resume in person this weekend with just are over 30 days until the transition deadline. more after the break stressballs gummies have ashwagandha, an herbal stress reliever that helps you turn the stressed life... into your best life. stress less and live more. with stressballs. >>> welcome back these are your headlines no deal. shares in sabadell trade sharply lower follows the collapse of merger talks with bbva >>> profits at chinese industrial firms surged nearly 30% in october marking their sixth straight month of growth and pointing to continuing recovery >>> eu bu

house. according to axios, he may announce sanctions or restrictions against chinese companies or officials. the move would be to prevent joe biden from changing course on china. the u.k. is hinting brexitould be extended again as key disagreements still remain. david fosters heading back to brussels with more talks. will not beain changing its position. the december 13 deadline is now fast approaching. and spacex has launched four astronauts into orbit on its first regular nasa mission to the international space station. to dragon capsule is set arrive at about 4:00 a.m. tuesday morning london time after blasting off from cape canaveral. it is a milestone in the development of commercial spaceflight. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i'm 120 countries, leigh-ann gerrans. this is bloomberg. francine? you so much.nk coming up, how do you forecast retail demand during the endemic as we head to the biggest weeks for the sector? many businesses are facing christmas like no other. more on that next. this is bloomberg. ♪ francine: this is "bloomberg surveillance." lots going on. let's get to the bloomberg

brexit deal over the line. the logic of that was always clear, even before biden's election. but with biden in the white houset's less likely. for me, the logic always pointed to doing a dealfor british the logic always pointed to doing a deal for british business the logic always pointed to doing a dealfor british business reasons, but also for political reasons. this government needs to prove it can get stuff done. it had a rocky period during the pandemic crisis and this would be another blot on the copybook because it needs to show competence and that it is seriously looking after the uk's long—term political and economic interests. and that must be to preserve the basic fabric of our trade and political relationship with our most important trade partners. we talk about a important trade partners. we talk abouta uk—us important trade partners. we talk about a uk—us deal. we do three and about a uk—us deal. we do three and a half times as much trade with europe as we do with america, so let's get these things in proportion. the most important thing to do before the inauguration in two and a half months' ti

house. emma kratz have hit out at the mood -- move. france is accusing the u.k. of dragging its feet over brexit. the nation's foreign minister says the outcome of talks remains highly uncertain and the two sides are still extremely far apart on some key issues. saysu commission president the coming days will be decisive. chancellor is facing a backlash for the decision to cut the u.k. foreign a budget. it's a signal to some that the government plans to prioritize the domestic economy but many are criticizing the decision including former prime minister david cameron who says the money is about who we are as a country. global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts in 120 countries. this is bloomberg. coming up, christmas cheer canceled. germany registers a record increase in new virus cases. angela merkel warns virus curbs could be extended into january. we get the latest next. this is bloomberg. ♪ >> the measures that were put on place -- in place be continued. until december 20 and we are expecting, this is something that the state and fe

brexit agreement on ireland isn't respected. donald trump has been pushing to get that deal done but whether it's a republican or a democrat in the white househas repeatedly boosted boris johnson and called him "britain trump". joe biden seems to agree with the comparison that in a less flattering way. after the prime minister won at last year's general election, mr biden called him a "physical and emotional clone" of the president. and plenty of influential democrats still feel the same. ben rhodes, who was barack 0bama's deputy national security adviser when mr biden was vice president recently wrote on twitter... so, if mr biden wins, some bridge building might be needed. but next year the uk will play a big global role chairing both the g7 group of industrialised nations and the big un climate summit cop26. a starring role between restrained cooperation of western allies in joint leadership on climate change could mean past disagreements are quickly forgotten. donald trump's views on climate change on the other hand might be far more difficult for the uk to manage. so, you can find pluses and minuses whoever wins but under president trum

house of lords and was not dependent on what president-elect joe biden said. however, much of the talk in london and westminster is about the incoming president who has very different views of brexito heard this morning the suggested new secretary of state is also quite anti-brexit and has compared brexit to forms of popular is him in europe like marine le pen in france. that has people nervous about what that means for the anglo-american relationship going forward, that special partnership. bidenre wondering will and the new secretary of state look past london and look instead to paris, berlin, rome, when trying to think through some of the broader geopolitical issues. that will be an open question. i do not think biden has impact the negotiation as of today, but longer term this new incoming president will have considerable impact on what is happening in the u.k. and the eu. i read a lot of notes that suggest brexit is a sideshow for the british economy, and the implication of covid and the amount of money being spent, we will hear more about that this week from the chancellor are far and away the more pressing issues. would you agree with that? matthew: we have had some forecas

brexit debate. yes, ithink, actually, a lot of the aggression came from dominic cummings and going to work over the bbc on the one hand and the war on the house are whitehall officials, orthe media. all of those things, the made quite a lot of noise, but nothing really happens, we have to be set, all of those institutions outlive dominic cummings. andl those institutions outlive dominic cummings. and i think there is a feeling now in downing street that they don't really get very far in doing that. so dialling all about donna being slightly more consensual with help part of that is rebuilding bridges with tory mps, dominic cummings famously said that most tory mps were a complete waste of space. the feeling was pretty mutual commit has to be said. tonight, the prime minister has been addressing one prime minister has been addressing u prime minister has been addressing one group of tory mps prime minister has been addressing one group of tory mp5 from the north of england. strange, from the cabinet room, although, technically speaking, he should be at home in the room above his fight above numberten. the room above his fight above number ten.

so far, his early white house and cabinet choices have been promising. for five years, trump and british brexiteersexperts and their repeated political failures to show the high cost of their ignorance. truman's administration, by comparison, was filled with what historians, walter isaacson and evan thomas, called the wise men. general george c. marshall organized the allies' victory in world war ii. d and a half son was the architect of the revolution rn foreign policy. george kennon was the diplomat who first warned of soviet designs on world domination, and w. avril harimann was truman's ambassador to the ussr. like the rest of his foreign policy team, harimann was unique by suited for his assignment having first visited russia in 1899 when nicholas ii was czar. truman surrounded himself with gifted diplomats and advisors. biden should do the same. biden should also follow the example of the man from missouri by striving to conduct a bipartisan foreign policy. as challenging as that task may be in 2020, it was no easier bringing democrats and republicans together in 1947. republicans had just re