that is alison williams of bloomberg intelligence. coming up, markets seem to be shrugging off the syria strikes over the weekend. this is bloomberg. ♪ ♪ >> this is bloomberg daybreak. i'm here with your bloomberg business flash. itsier has agreed to sell cancer unit. scheier wants to focus more on treatments for rare diseases. meanwhile, japan pharmaceutical is considering making a bid for shire. says that all options are open. interview, he said he wants to find solutions by 2022. those comments follow a bloomberg report that the automakers are in talks to merge. for the first time, the world's largest advertising company is searching for a chief executive. the resignation followed allegations of personal misconduct while it is searching a newceo, it is named executive chairman into operating chiefs. that is your bloomberg business flash. david: thanks so much. bloombergtime for the first take, we are joined by gina martin adams, bloomberg intelligence chief equity strategist, and david kelly, jpmorgan chief global strategist. where

alison williams of bloomberg intelligence, and devin ryan of jmp. focus on and can the stock actually hold the gains that we have seen? many banks give it away. as we head to the break, watching the end you -- watching -- could there potentially be a wrench thrown into the brexit plan? go to live go on your bloomberg terminal. this is bloomberg. ♪ alix: time now for bloomberg first take, where we go through the top three stories of the morning. inflation numbers out of u.k. and eurozone, plus earnings and the fed speaks out. a former trader and bloomberg guy.america us macro and rachel evans joins us now. what struck me is what happened in the u k and eurozone. you can see the inflation myth that we have seen. it is rolling over, and the trend seems to be lower. overall eurozone is stuck, not able to gain the traction you might have thought. thatthis upon the question the global recovery might not be sustainable? to do withore something akin to chain inflation. we are starting to see a rollover from where we have seen the weaker pound play into infl