i am tom keene in london, anna edwards in today -- in new york, anna edwards in today.ee next week. the pros like you are focused on the 12th. anna: the 12th is the date that anything, the u.k. leaves the european union with no deal. before we get to next week, angela merkel is going to ireland. this is interesting. tom: "game of thrones." anna: there is a good deal of pressure on the irish, will they have to choose between reserving the -- preserving the peace order the market? does or the market? tom: what about the dup? anna: there are not that many. they fit with the tories on much of the voting. they have always been pro-brexit. tom: dup in northern ireland. here is viviana hurtado. viviana: more time to complete the software fix for its grounded 737 max jets is what boeing says it needs. linked prevention system to two fatal crashes in five months, boeing says the update will not be ready until coming weeks. jamal khashoggi's children have been given housing and monthly compensation by the saudi government. his two sons and daughters will get more and could get te

nejra: thank you so much to anna edwards covering the story brussels all day.on set is jordan rochester, fx strategist at nomura. great to have you with us. good morning. i know you will be watching the headlines closely. you said that in a quote about all of the event risk today. what sort of delight are you expecting -- delay are you expecting? jordan: the good news is that the uncertainty of the delay should be low. last time theresa may was supposed to be sending her this. requesting they had no ability to shape the debate really. they had a few hours to submit things to the eu leader. at the dinner themselve -- dinner itself, the eu leaders that up.- tore it seems pretty much a foregone conclusion that there will be a ex-tension.l the eu could attach some more aspects to this extension we have not even considered. we did not think april 12 would be a day last time, so we could be surprised. nejra: if we take a look at the cable chart, it's barely moved since the beginning of february. do today's events have the potential to shake cable out of this range? j

anna edwards in westminster. let's get to our guest host this morning. head of investment strategy at rbc wealth management. she is still with us. will be much beating of brouse today about the indicative votes. let's see what comes from that. i want to focus on perhaps data, which you say is a more prescient issue. the pmi is remarkably resilient. even in is resilient all of this hubris. just how do you make sense of that? how do you square that with political hubris? frederique: the pmi's manufacturing, we do not expect any change. only have to look at is whether businesses are still stockpiling ahead of the potential of no deal brexit. what we have seen over the last tend tohs is the pmi's overstate the slowdown. we expect gdp growth of 0.2% quarter-over-quarter for q1, so that is not very high, clearly, but it is respectable given the political uncertainty the economy is faced with. nejra: what does that mean for how you will be allocating to u.k. equities? are you looking at ftse 250 versus ftse 100? are you stockpicking? we are international compan

i'm matt miller in berlin alongside anna edwards in london. utes into the trading day, this is the mov screen. 323 of the stoxx 600 trading down. downside biasht but not convinced in either direction. we are dealing with the tariffs story from the united states and the novartis story. that is what you see in the first trading day of the eye care business. that is a story we are following today. iliad, also gaining. to the downside, we got interesting moves. with regard to the tariff story and the banking story. down 3.6%. we saw morgan stanley cut the rating. the some investors following guidance. prysmian, down 2.9%. the italian listed business. a couple of businesses in the u.k. under pressure and then the airbus story. down 1.8% or so this morning. manufacturer,es weaker in conjunction with the tariffs story. united states, applying -- threatening to apply tariffs to a host of european products. the u.s. is proposing these tariffs on a host of european goods in response to harm the causedouse says is being by "illegal subsidies to airbus." n

i am matt miller in berlin alongside anna edwards in london. es into the trading day, let's have a look at where we are. 370 stocks up, a slight upward bias. of course, we're waiting for the jobs report coming after lunchtime. that is going to be something that investors might decide they want to see first ses is an interesting one, global satellite operator up by over 6% this morning. satellite launch of a , but we also saw strong moves the united states heard ems up by 5.6%. we got better guidance from that business. that has lifted that stock. also higher by the start of trade, they have increased guidance. look at what is weighing down markets. we have the forrester product business down by 4.3%. iliad weaker this morning. . few u.k. names i noticed sap was falling, didn't quite make it into the top 60. there are quite a few broker downgrades and upgrades. let's get a first word news update. premier hasice hailed a new consensus when it comes to trade. this comes after a meeting with the white house. president trump talked up the prospect fo

i'm matt miller in berlin alongside anna edwards in london. nto the trading day and we're slightly underside it on the stoxx 600. 300 going down and the rest to the upside. fairly evenly split between the fallers and the gainers on the european equity market. interesting stories and we don't know what to do with the tech sector. outperform to the upside come up 18% this morning. on the negatives, we had mornings out of samsung, the lackluster offering from them, playing on the tech sector for some. more around ad sales but another part of the tech story, adding to the global picture around technology. standard chartered, up 4%. let's get to the other side of the stoxx 600 and look at what has been weighing on the market this morning. micro focus is the biggest fallers on the london markets, down 15%. this is a home for all the technology software. danske bank down 6.9%. they had numbers out earlier. we've got ex dividend in the mix amongst these and interesting to see glencore down 3%. the mining sector showing week is as a result of the chai a

joining us is anna edwards, thanks for joining us against the early. mean no deal is definitely off the table? anna: we get ever closer to ruling out no deal. their headsatching and saying, didn't a house vote against no deal before question mark that was a litmus test of opinion in the house where this is legislation, a cross party group of mps getting enough support for their idea to block no deal, which means theresa may has to go and ask for an extension. even when she said she would go and ask for an extension, the mps still went ahead with the voting process to make sure she does, essentially. this has angered many of the brexiteers, as you can imagine. they made it happen in just six hours. brexiteers are livid about the outcome and what's going to happen. they are calling it a constitutional outrage. someone they consider a marxist and self-declared socialist. manus: many people are saying this would be for labour a push toward it customs union. in terms of what they want or might extract as a price for crossing the aisle to her side? anna: we h

i am matt miller in berlin alongside anna edwards, who is warm ate and sound, and bloomberg's europeanuarters in london. anna: absolutely. back from brussels until the next time. let's talk about where we are in these markets. on thes a downward drift equity story this morning, in particular the peripheral markets in italy, spain, germany coming under pressure. a satellite company suggests that at 5.3%, listing a particular stock higher this morning. there is a few ex-dividends to be aware of. julius baer is ex-dividend. kpn is ex dividend as well. rubis is the biggest loser, down by 7%. this is a refining business. interesting on ig group as well. we talked about it had fallen more than 40% at one state of the trading day. that is a contract for different trading platforms. ig group, different business. let's get a bloomberg first word news update with debra mao in hong kong. uber is hoping investors will look beyond its $3 billion operating loss last year. metrics.its preferred the start of says it has over 90 million. uber's top bosses have a lot riding on the ipo. bosses will not b

it is anna edwards, the duchess of brexit. good morning. our guest -- do you like it? anna: idea.the way, i was cracking my head asking, why are they having chilean wine and not french, but chile was on of those countries that signed a trade deal with brain along with the fair islands and some others. manus: more press echo, i say. ok, enough of brexit at the moment. prosecco. pe we will look over brexit i get it later on. we have more of you first word olivia.re is >> trade negotiations into the u.s. and china resumed today. the vice premier is in washington for the latest round of talks. both governments are looking for an agreement to end the ongoing dispute. the financial times reports that the u.s. and china have not agreed on a mechanism for the trade deal. the global economy is in a precarious position. the imf manager christine lagarde says there is deceleration around the world, though in recession is not in the near term. trade growthlobal forecast, echoing the sentiment. >> those uncertainties are holding back investments and investments of course, dampen the numbers fo

anna edwards will never forgive me for doing an hour without brexit., brave man on in that big studio in london. the head of multi-asset funds at legal and general. john will continue his discussion on bloomberg radio at 7:30 a.m. big oil makes the headlines on bloomberg. bp reports and i'll bring you the numbers. then, a conversation with bob dudley, the chief executive. he is at the milken institute annual conference. we will hear from bob later in the day. ♪ ♪ ♪ manus: good morning, from bloomberg middle east headquarters in dubai. i'm manus cranny, and this is bloomberg daybreak: europe. today's top stories. chinese manufacturing pmi misses, but does this mean the pboc will keep its foot on the stimulus pedal? trade talks kick off in beijing. alphabetsy as abc, shares a slumping on slowing revenue growth. samsung misses on the bottom line and issues a guided -- gu arded outlook. cfo's of danske bank and standard chartered, the latter after a bumper buyback. ♪ ♪ cents: a dividend of 10.25 from bp. bob dudley delivers numbers bang in line, pretty muc

i am at miller in berlin alongside anna edwards in london. es into the trading day, this is what the stoxx 600 looks like. down, 240 going up, so there is a bias to the downside. you mentioned at least one, wirecard up. softbank taking a convertible bond at stake in this business, certainly something that has got equity investors inking about the valuation. the ceo., we speak to they were very happy with the performance and investors seem happy. , despite the gloominess in the numbers. there has been an expectation i.t. would not perform well, but both are performing very well. in fact, tech stocks trade stroke lucas morten -- traded strongly of this morning. the auto sector is the biggest fallers, reynolds down. some other automakers are trading weaker. slightly good -- gloomy comments from the sun. we got numbers from akzonobel, 2.6% weaker. novozymes has reported estimates put down by 3%. let's get a first word news update in dubai. softbank has agreed to invest $1 billion in convertible bonds of wirecard. this could give the conglomerate a

i'm matt miller in berlin alongside anna edwards in london. look at the stoxx 600. 352 stocks to the upside, a slight bias. but look at which stocks are moving higher. better than expected numbers coming through, shaking off a downgrade from socgen. also reporting and a strong day for wirecard. electrolux also reported numbers. interesting stories to the downside. in particular this construction business down by 5.5%. management is talking about a positive outlook for the investor community is not taking that the. -- that view. rbs the second-biggest fallers siding brexit headlines. we got an update for the potential for this to fall citing weather as a factor. down by 4%. glencore also down by 3.4%. word newsa first update, debra mao has the. -- has that. >> theresa may plans to keep written out of european says the prime minister is unlikely to put her bill through parliament, meaning she could run out of time before the vote kicks off. may was desperate to keep the u.k. out of the election, threatening to be particularly damaging for her par

i am in berlin alongside anna edwards in brussels. anna: indeed, i am live in brussels., they debated just what length of extension the brexit process the grant the you can. -- granted the delay. halloween, as many have noted, that is the date they went for their not long, not short, causing an awkward length. the call it's giving the market seems frozen in the headlines. it is interesting to see the reaction from diplomats last night and being echoed by the minister. irish prime saying that this is not the last chance for the u.k.. they have time to come to an agreement. from the irish side, there certainly is not any hurry to push the u.k. over a cliff edge. the french take doesn't seem to be a little different. we will get into this later, but comfortable, suggesting that maybe the other leaders are laboring under a false pretense that the u.k. is not leaving. let's see a first word news update with debra mao. cheeks -- wall street chiefs face grilling on fromess about everything income inequality to political ties. there was a sense that cybersecurity is a major issu

anna edwards and matt miller. ♪ anna: good morning. welcome to "bloomberg markets: european open."g. ok withets say we are socialists and separatists. sanchez wins the spanish election. investors consider him a known quantity. they consider potential nationalization. the open in 30 minutes time.

i'm matt miller in berlin alongside anna edwards at westminster. anna?t, let's continue to keep track of what's going on in u.k. politics. we heard from a couple of cabinet ministers, one refusing to rule out standing as a contender, being a favor of remain. that's not what you hear often from the cabinet. another, chief secretary to the treasury, suggesting theresa may's deal is not dead and a change could be the way forward, also cautioning around a no deal brexit. as we know, no deal is still the default option. if nothing is done by april 12, we see the u.k. leave the european union with no deal. we should not lose sight with the support of that with 170 tories, including 11 cabinet ministers writing to theresa may to enact a no deal brexit. that is something that could happen. another thing that could happen is members of parliament in general, including all parties, could soften brexit, come up with a plan that looks softer. could that be around a customs union, for example? we have this indicative vote process continuum today. last week, a long li

joining us from brussels is anna edwards, great to have you with us. lk us through what has been agreed. is actually the worst of all worlds? anna: [laughter] it might be by somebody's definition. it is awkward, according to one analyst i was reading this morning. awkward because the fact this is not long or short, something in between. not the date anybody set out to achieve. a delay of 6-7 months, halloween, as many have noted, as you noted in your headline. but it is important not to lose sight of what has been achieved, we do not have a no deal brexit looming tomorrow. at the side of the week, that was still the case. we seem to have averted that, so it has proved into the long grass. it does mean the u.k. could leave before the end of october. if they are able to get their act together, it would be necessary to do that. to reprove a path forward with in the house of commons. right now with looms on the agenda in may towards the end of may, european elections in the u.k.. promise they to will participate in elections if they cannot pass a withdrawal

i'm matt miller in berlin alongside anna edwards at bloomberg's european headquarters in london. let's take a look at the markets. generally to the downside. the rest of the upside, most of them. let's start with the upside. a few downgrades on a relatively quiet day for corporate news flow. north hydra going up. we have seen an upgrade to that. you're a great next. -- euro grade next. we've been told by the norwegian authorities they would be a suitable owner. that place in their favor in terms of the m&a story. sears up 1.5%. we saw them do that deal with tesla, which is fascinating, with regards to bring their admissions averages down. let's have a look at the other side of the stoxx 600 because the bias is to the downside. there is an oil and gas services business and their numbers coming below estimates. net revenues missing the lower end. saffron is an interesting one. boeing told us at the end of the trading day, after european markets had closed, maybe as 737cted, cutting back on production. also see some interesting moves in the banking stocks and we are on the lookout fo

i'm anna edwards alongside matt miller in berlin. matt: the markets say, can anything stop this rally? the stoxx 600 up 16% year-to-date, nine points away from an all-time high. can european bank earnings do anything to hold equity indexes back? the castrated less than 30 the cashway area -- trade is less than 30 minutes away. anna: barclays cuts bonuses. the british lender planes to slash payouts to underperforming bankers. will it be enough to appease edward bramson? oil continues to rise after the u.s. rolls out the extension of iran waivers be on the second of may. fold on hold. samsung delays the release of its smartphone amid reports of -- screens. this week is going to be busy for tech earnings. and for bank earnings in europe. matt: it's good to have you back. less than a half-hour away from the start of european cash trading, let's start with brent crude. right now we are hovering around $75. the question is, how important is it, this oil price for stocks the alco if we really ought to be more concerned about nearing a reces

i am anna edwards alongside matt miller. say turns the markets to frankfurt. slump in factory orders. and commerce bank in focus after a report of a multibillion dollar bid. the cash trade is less than $30 billion -- 30 minutes away. >> no to no deal. the u.k. parliament legislates by a margin of just one vote. the fate of a merger. a german report says a decision could come this weekend. they are waiting in the wings with a deal. onto to the final stretch. president trump set to meet the chinese premier. good morning. >> good morning. less than half an hour away from european trading. let's look at the pound. it is interesting when the parliament says no to no deal. does not feel like waiting any longer, they will have little choice. it is relatively high. it will be interesting to see how it goes forward. are some thoughts on what could happen to the cable rates. fallen further after the numbers fell lower than expected. futures down. what else are you seeing? >> picking up on what you have been saying, a lot to talk about. how significant was the vote last

i'm matt miller in berlin alongside anna edwards in london.at washave a moving us around. 500 stocks moving to the upside. that gives you a sense of just how risk on the markets are, and we're seeing volatile sectors moving higher. technology is one, st micro moving to the upside. let's have a look at the downside. this is where the risk on is, if you like, where the trade story is read large. writ-large.ge. -- also, money coming out of the more defensive stocks. bit, butoving a little also consumer businesses like diageo and unilever. let's get a first word news update. theresa may has reached out with an olive branch to jeremy corbyn. she wants to work out a joint plan in an attempt to break the deadlock and prevent the u.k. from crashing out. door to aopens the much softer form of brexit and could potentially see the u.k. staying inside the customs union. the global economy is in a precarious position, christine lagarde saying there has been a buthronized deceleration that recession is unlikely in the near torn. the wto echoes that sentimen

let's get the latest from anna edwards who joins us from brussels.ough what has been agreed and how theresa may is going to sell this. >> thank you. good morning. is anas been agreed extension to the end of october, halloween as many have noted. it was not a date anybody had penciled. -- stayed up late into the night working out which date they would go for. it seems like it is neither long or short. markets perhaps moving nowhere. tryinguck in their heads to work out what has been agreed. it does avert the cliff edge that could have in the looming tomorrow. we started out thinking technically they would end up leaving with a deal not in place. that has been averted until october. get ducks. manages to in a row and can leave before that, it is allowable to do so. article 50 can be revoked. asking the u.k. not to waste this time. she said she is going to speak to the house later on. her conversations with the labour party will essentially continue. to speak orting her later. one of the dynamics coming out is how the eu 27 have been united were divided

i am alongside anna edwards in london. headlines across from the riksbank. 1.9%,ee gdp growing at and of course, the key rate is unchanged at negative point 25 -- -0.25. the interesting thing will be what the governor has to say about raising rates back to normal, now you can see a little bit of a spike. coming up, we'll speak to the governor of riksbank, so tune in to watch that. you can also type in "r- i-k-s-go" anna? anna: let's look at the individual movers. downward, soving in general, we see fairly seem fairly convinced about the move to the downside. this delivery business from sweden is the biggest gainer. from thisdance higher semiconductor company. we'll talk more about tech in a moment. delivery hero of numbers pleasing the market. numbers out of wirecard. let's get over to the downside, interesting stories. the surprise loss from nokia, that stock down by 9.9%. the pens shavers maker, down by 8%, disappointing in paris. keeping an eye on the house builders, it seems to have upset some in the sector, that stock

i am anna edwards alongside matt miller in berlin. matt: the markets say beware of fomo.achs says it's time to missingsks as fear of out grows in equity markets. cash trade is less than 30 minutes away. anna: helicopter money.

i am anna edwards alongside matt miller in berlin. matt: today the market say buy the rumor.shares and u.s. equity futures head higher after trump hails the granddaddy all trade deals. the cash trade is less than 30 minutes away. . anna: a new consensus. stocks in asia

i am anna edward, alongside matt milner berlin. >> the market say hold your breath.nd futures trade mixed as earnings season starts in earnest today with results from jpmorgan and wells fa fargo on the way. the catch trade is less than 30 minutes away. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org >> your pimple offerman as

i'm anna edwards alongside matt miller in berlin.arkets say, can anything stop this rally? the stoxx 600 up 16% year-to-date, nine points away from an all-time high. can european bank earnings do anything to hold equity indexes back? the castrated less than 30 the cashway area -- trade is less than 30 minutes away.

anna edwards just emailed me and said we don't need george clooney.is far better looking. let's get a check real quick. day indo that on a jobs america. a better market in the u.s. on thursday. risk there. francine: i would point to the pound to look at what is going on with brexit. money markets really respond to this low yield brexit risk. any pricing for a rate increase is actually much longer. now they are asking for an extension. i would say that if you look at european stocks, it is moving sideways. this is on the china u.s. trade deal and if we will actually get something in writing. asked the eu to delay brexit until june 30. theresa may wants to have the divorce deal before elections on may 23. but she's for parents to take part in them in case a deal failed to win the approval of parliament. chair of the house and services commercial secretary to the treasury. we have a million things to talk about, but we need to stop with brexit. -- start with brexit. what do you do with brexit? do you extend? with juneyou get one 30? .> you kept me out of

script.l rip up the guy johnson, you can continue this with anna edwards.i said hello to mr. draghi, the usual ballet, and in the middle of it all, almost quiet, was the governor of the bank of england. where is mr. carney's place within british financial society? question,s this a you're asking me -- tom: yeah. i am asking you where governor carney sits in right now in the great dialogue of the united kingdom? stephen: i think his comments about no deal brexit last week were interesting. he switched his tone a little bit. maybe he wants that knighthood, wants to guarantee that knighthood. as far as the economy is concerned, he is like the rest of us. slave to the is a outcome of brexit, a slave to whatever the future relationship will be between the u.k. and the european union. really difficult question -- guy: to be honest, once that is negotiated, it is going to be his successor's problem. stephen gallo of bmo capital and martin schenker staying with us. we will talk about the banks -- be up. and citi will this is bloomberg. ♪ uma: this is "bloomberg sur

anna edwards from bloomberg markets: european open anchor.ith the chair of the banks investor here in london. we will be asking her about brexit and the strength of europe and spain as well. don't miss that interview at 3 p.m. london time. this is bloomberg. ♪ this is bloomberg surveillance. let's get to the bloomberg business flash. ford unveils an attempt to overhaul the money-losing business in europe. the automaker will introduce for plug-in hybrids and two battery-powered models in a move to gain market share. rules are getting tighter. bmw pulling ahead of german rival cities bends. this is a race to be the top-selling luxury car in the u.s.. march because% in of surging demand for the x-ray compact crossovers. sales were down 9% in the first quarter. the best selling luxury carmaker in the u.s. cut $1.4 billion in costs as part of a new strategic plan. spanish banks promised to wrap up investment. the bulk of the cost cuts will come from investments in i.t. we will speak with the executive chairman at 10 a.m. new york time here on bloo

>> well, if you're a believer in the permian, you'd say it's worth it but there's anna edwar edwards. been an argument that it's hard to fund independently. a huge multibillion dollar project that it's questionably weights down the stock and in general, a lot of questions about emps being down valued on the stock market of late >> right you think it's going to be tough for occidental with the higher price offer here to be able to top the chevron bid? >> it's cliche to say, but it is a bit of a david versus goliath. occidental ceo vicky is alabama graduate and alabama is a huge football powerhouse, but they wouldn't stand a chance with the new england patriots and that's what we're looking at here unless chevron forfeits or steps away, it's hard to imagine them really outbidding chevron. if chevron decides to keep upping the ante, so to speak >> good to get your perspective. appreciate it. >> thank you senior energy reporter with the houston chronicle. >>> coming up, it is supposed to boost productivity but open concept offices may actually have the opposite effect is it time to bring