i'm anna edwards. welcome to "bloomberg markets." let's have a look at what we are dealing with here on european equity markets. we are without the united states today. sois martin luther king day, a market holiday. stocks in europe have come down on the early part of trading, but are fairly flat now. a number of sectors in positive territory, including oil and gas. the brent crude price up 0.8%. we saw it jump early on because of geopolitical tensions in libya and a rock -- and iraq. we've had weak data coming through on the u.k. a lot of speculation on when we will see cuts on interest rates from the bank of england. the 10 year bund yield unchanged at the moment, but how quickly will it make its way back to zero? seems to be part of the conversation building in markets. barrelumped above $65 a as supply disruptions in iraq brought concern to geopolitical risk. with more is annmarie hordern. detention we are seeing in libya and iraq come very different in nature. what is the impact of these on oil supplies? annmarie: they are both

tom: let's bring in anna edwards. w so far qasemthe killing of soleimani, would you assess this to have been a successful tactic , or is it only history that can tell? robert: history will give us more information, and perhaps we will get more information from the administration quick the. general soleimani played a complex role. kudss the general of the force, the outside version of the iranian revolutionary guard. the iranians regard him as a great hero. he was nonpartisan and a major player in fighting isis, which we also wanted to deal with. in the middle east, strange things happen. you can have someone who opposes you and harms your interest on the one hand, and works with you on other issues like defeat of isis. in iran, he was a great hero. it would be like assassinating during world war ii general marshall or general eisenhower. he has a major role and had a major role in iran both politically and in terms of the public sentiment. shiites in general have a sense of the heroism of martyrdom, so they are seeing

anna edwards opposite westminster. let's get into the markets with mark cudmore, our mliv managing editor out of singapore. is the market reacting at all? is there any acknowledgment that or is itbrexit day purely the ceremonial, slightly bureaucratic occasion? mark: i think it is just a ceremonial, bureaucratic occasion. if you want to try looking for any short-term reaction, i would guess it might be actually marginally pound positive. the reason i say that and this is delving into the market conspiracy theory idea here is that very few think the brexit negotiations of the next year in terms of negotiating the actual exit deal will be very fraught and difficult. it is not anything new. they have long decided this was a disaster and have been very bearish on sterling anyway. whereas those who are big believers that brexit is the great chance for the u.k. to build the empire again will be genuinely excited by this and therefore will get a little bit happier and act on this and by sterling. we are going in the conspirac

i am matt miller alongside anna edwards. a balance at the start of the european trading day. let's look at items on the agenda. the lunar new year holiday continues, markets are closed in vietnam, china and hong kong. hong kong will open tomorrow. the e.u. commission president and the auc economy chief will s leader in brussels. european market lvmh results.or in the u.s. it is the start of the big tech earnings. apple kicks it off. watch also for ebay and starbucks results after the u.s. close. china's top security regulators and investors should evaluate .he impact of the coronavirus this follows the slightest equities throughout the world and the offshore trading. the vice chairman of the commission sounded confident in the government's ability to contain the virus which has killed more than 100 people. >> we are challenged, but if there is any country in the world that can deal with this kind of challenge, it must be china. i have no doubt that our government and the people will be able to deal with it in a andly and effe

i'm anna edwards alongside matt miller in berlin.xit day and european futures are on the rise as investors shake off a surprise contraction in france and the u.k.'s imminent departure from the european union. the cash trade is an hour away.

i am matt miller in berlin alongside anna edwards in london. look at what you should be watching out for for the next week. on monday, u.s. markets are closed for martin luther king day, but a very busy day ahead on tuesday, the beginning of trump's impeachment trial. netflix earnings and the world economic forum in davos, all of that to look forward to. matt: maybe you want to catch the davos coverage that we have until friday. ceo's coming of out of davos. rateursday, the latest ecb decision and president christine lagarde will unveil the scope of the central bank's strategic review. blackstone and apollo delivered a simple message to the sec this week, private markets are here to stay. they said less liquid investments perform much better than stocks and private equity produces bigger gains with less volatility than publicly traded shares. isabelle toledano-koutsouris is with us. she is head of private capital markets at ubs. your job seems really exciting. thatink investment bankers have these companies that need to be funded with private ma

i am anna edwards alongside matt miller. the worstmarket say is over. futures and stocks, flows as traders see the military retaliation in the middle east is done for now. the cache trade less than an hour away. trade is less than an hour away. ♪ matt: iran response, brent jobs. global stocks swoon after a ron fires rockets at u.s. military base its. tehran says it doesn't want war. boeing737 jet crashes in a ron shortly after takeoff due to -- stateat stadia media describes as technical issues. all people on board were killed. carlos ghosn says nissan used him as a scapegoat to block further integration with renault. he speaks out in a press conference today in beirut. we are also getting german factory orders in the economic data. it does not look good. november factory orders dropped 6.5% year-over-year. november manufacturing orders dropped 1.3% month over month. that we haverders been waiting for here in germany just don't look good. you want to pull that up on your bloomberg, type ego go. pull down on the german flag. the picture is fairly dire. j

anna edwards in london, good morning. anna: good morning. good to see you. thank you.ng you the stocks on the move this morning including ubs. targetss bank missed for 2019. what is on the to do list of that company? this is bloomberg. ♪ matt: welcome back to bloomberg markets. this is the european open and we are 20 minutes into the trading on which we see most of the stocks on the broader index, 570 out of 600 fall and equity indexes posting some big red 1% drops. let us get back to davos where haslinda amin has a guest. >> joining me now is hiroaki nakanishi -- hiroaki nakanishi from hitachi. good to have you with us. we know that hit tashi has been tashi has been busy devasting. isoaki: now, the background that we have been trying to change our business model dramatically. and it requires technology in the case of materials and engineering. the commodity products are where we are losing. the main markets are taiwan and china. social change.on onthat sense, we are focused operations. that is the background. the products for the solution, we will have to keep that. h

matt miller in berlin alongside anna edwards in london. from 41.2 --on the pmi, 45.2, better than anticipated, still below 50. so better than forecast on both of those measures. eurod see a wobble in the when we got french pmi's earlier on but nothing too excitable. 1.10 still the handle on the eur o. open,nced out of the but not surprising after the u.s. session, which put on decent gains in the latter half of the trading day. no sectors in negative territory. the worst-performing, food and beverage. a selloff in nestle, after a downgrade. weighing cointreau, on the drinks sector, all that having to do with business in hong kong. but still making gains to the upside. let's get a bloomberg first word news update. >> george soros says facebook may be in cahoots with president trump to get him reelected. the billionaire says nothing is stopping facebook from spreading socialrmation, and the network is seeking maximum profit without regard for the harm it causes. facebook has rejected that, saying it is wrong. recent estimates suggest the aust

anna edwards has been following , and maria tadeo is in brussels. like where youd are?na: i feel like there is all emotions available in the u.k. parts of britain will be celebrating and parts will not. you may see the leave party celebrating. edinboro, they are holding what they call vigils this evening. some people choosing to mark it, others choosing not to mark it at all. sometimes brexit being pushed off the agenda by other matters like the coronavirus. from the case of business and the economy, what changes, nothing immediately. 2020 there is a great deal more uncertainty and a dramatic shift in the u.k. economy. not to mention the governmental shift we will see taking place and perhaps even the emotional shift. we heard from nicola sturgeon in the last hour, talking about how she wants the e.u. to leave a light on for scotland, underlining she hopes scotland can reenter at some point. tom: how on the same page is brussels? is it every nation for itself? maria: that is a good question. when you talk to officials, the one thing they were able to do successfully is

i am matt miller in berlin alongside anna edwards in london. anna: it is going to be a busy day. check in on what you need to be watching for around the world. we are focused on the potential signing of the u.s.-china trade deal later this week. onare also keeping an eye u.s. bank earnings. we will be new york. we will be live in manila as bonds and stock markets are closed because of the eruption of the volcano just south of the capital. joining us to talk about much of this, a host of colleagues from around the world to consider all of the news, including around the trade deal. tom mackenzie from shanghai, dani burger previewing u.s. bank -- news, and news that in the banking sector. with the erupting volcano, joining us from the philippines, claire. tom, let's come to you first. the arrival in washington today the trade deal. this trade deal is expected to be signed on wednesday. the chinese delegation is heading to d.c. as we speak. we know the broad strokes. property,al commitment around not manipulating each other's currencies, and the big products in exchange for the u.s.

i'm matt miller in berlin alongside anna edwards in london. anna?a: let's look at what we need to be watching for. a lot of the conversation dominated by coronavirus. but tech earnings kickoff tomorrow, apple, facebook, amazon reporting later in the week. plenty to watch on wednesday, from the fed rate decision to boeing earnings. sent 10 jet reports as the season gets into full swing. we get earnings from deutsche bank. mark carney set to go out with a bang as the central bank grapples with its trickiest rate decision in years. on friday, it is brexit day. matt? matt: that italian story pushing 10 year yields down the most since august after matteo salvini suffered a stinging defeat in the key regional vote. it provides a boost to the federal government. salvini hoped taking the other will deliver a fatal blow. for more on what this means for italy, maria tadeo joins us from the motor valley. she's in the region's capital, bologna. where does this leave the italian coalition? maria: good morning, matt. this is a hugely watched election. it was seen

i'm anna edwards alongside matt miller in berlin. matt: the markets say don't be too cautious. stocks look set or a positive open as the u.s. combed tensions with iran despite the cut to global outlook from the world bank. the cash trade is less than an hour away. ♪ matt: a relief rally -- global equities climb as president trump delivers a measured response to iranian strikes on u.s. bases. he does, however, promise new sanctions on tehran. fighting back, japan calls of itsghosn's criticism legal system absolutely intolerable. this after he blasted tokyo for "hostage justice." plus, not so fast. hard. in hong kong hits u.k. retailers post sales britishafter what the retail consortium called the worst year on record. speaking of that m&s third quarter, looks like u.k. sales theout, gaining 0.2%, and full-year guidance has been ishanged, but mark spencer out with like for like u.k. sales. we are also getting german trade balance and current account data right now as well as industrial , the industrial production year-over-year figure, a drop of 2.6%. the survey was for a drop of

london.n i am anna edwards alongside matt miller in berlin. matt: the markets say slow news is good news. look ahead to inflation data from europe. the cash trading is less than one hour away. manus: it is risk-on again for global stocks despite lingering tensions between washington and tehran. ubs shakes things out. the swiss bank splits its wealth management unit into three, cutting up to 500 jobs and naming two new division heads. and made in china. elon musk is in shanghai as the consumer rollout of tesla vehicles finally takes place. we are on the ground all morning. just under one hour away from the start of cash equity trading across europe and in the u.k.. take a look at futures here. you will see that they are up across the board. we have gains in asian stocks, which are pushing up european futures, dax futures, up .6%, as are ftsefutures -- as futures. u.s. indexes rose yesterday. we are seeing green arrows again in terms of futures with about 5.5 hours to go until the start of trading. anna, what do you see on the gmm? anna: pulling

i am anna edwards. >> no sign of a bubble here.hits fresh jp morgan says there is still money to be made in the market but could another trade escalation derail the bull train. -- the bull train?

i am anna edwards alongside matt miller. >> today the markets say maybe there is an end in sight.s dropping on fears that equity futures are trading higher. the cash trade less than an hour away. ♪ matt: bad to worse, the u.s.

we are life from our your headquarters in the city of ended read i am anna edwards -- city of london.kets essay what a day a day -- difference a day makes. geopolitics smashes a sentiment. the cash trade in europe is an hour away. >> oil surges after a

i am anna edwards alongside matt miller.f sentiment sent investors running for havens with stocks set for a negative open. the cash trading is just one hour away. is just one hour away. fa

london.n i am anna edwards alongside matt miller in berlin.kets say slow news is good news. look ahead to inflation data from europe. the cash trading is less than one hour away. manus:

anna: i am anna edwards with matt miller in berlin.ay the markets say is there any and in sight? stocks hit all-time highs again on the back of solid data from the world's two largest economies as alphabet joins the two -- the trillion dollar club. the cash trade is less than one hour away. ♪ ♪ matt: steadying the ship. china se

i'm anna edwards alongside matt miller in frankfurt. say time to reassess.headed for the biggest drop since august andite signs from the fed upbeat earnings. the cash trade is just an hour away. ♪

i am anna edwards alongside matt miller in berlin. >> the markets say nothing is immune. as fears of the coronavirus spreads. cash trade is less than one hour away. matt:

i'm anna edwards alongside matt miller in berlin. matt: the markets say don't be too cautious.a positive open as the u.s. combed tensions with iran despite the cut to global outlook from the world bank. the cash trade is less than an hour away. ♪

i am anna edwards. the cash trade is thus an hour away. -- just an hour away. ♪ inoculation.eak is spreading. stocks shake off the threat -- threat. netflix shares climbed in extended trade as overseas growth helps offset a domestic slowdown.

i am anna edwards alongside matt miller. the worstmarket say is over. flows as traders see the military retaliation in the middle east is done for now. the cache trade less than an hour away. trade is less than an hour away. ♪ matt: iran response, brent jobs. global stocks swoon after

i am anna edwards alongside matt miller in berlin. matt: the markets say keep your composure.pite ongoing concerns from the coronavirus as chinese markets are closed for the lunar new year. the cash trade is one hour away.

we are life from our your headquarters in the city of ended read i am anna edwards -- city of london. >> the markets essay what a day a day -- difference a day makes. geopolitics smashes a sentiment. the cash trade in europe is an hour away. >> oil surges after a u.s. airstrike in iraq kills one of iran's generals. vowsupreme leader retaliation. equities dip read u.s. futures hardest hit, pointing to big losses at the start of trading. golden touch a four-month high as investors flee to safety. just under an hour away from the trading insh equity europe. we don't have the big drops -- now we are starting to an european futures that we do in u.s. futures. ramping up bigger and bigger losses. ftse, only half of the sarah down -- only 0.5% down. that is like the u.s.. if you take a look at s&p and nasdaq futures, you are going to see substantial losses. dow futures down almost 2.5% -- 0.25%. >> interesting the way we have not seen asian equity markets showing up. the overall level of flights to safety. money going into old. -- gold. around disruptions commodities expected. we have not se

alongside matt miller in berlin, i am anna edwards.ews coming through in yesterday's session, but in the last few minutes gaining on european stocks. matt: gaining -- that chart is interesting, only 0.25% gain on the stoxx 600. we do not see the moves where you might expect. i was looking for automakers and auto-parts makers because of the news that european car registration sword to a record high, a rebound of 21% year-over-year -- registration soared to a record high. you do not see automakers up at the top, they are gaining, but only by .04%. the gators are chemicals, media, and retail. at the bottom uc media, travel, leisure and construction. let's get the bloomberg first word news. >> from breaking news this hour, the german government is paying , angelabillion euros merkel got the deal to phase out dirty fossil fuels. it was announced it wanted to become carbon neutral by 2014. in russia, vladimir putin has replaced his long serving prime minister and is calling for sweeping changes to the country's constitution. there is specula

i am anna edwards. >> no sign of a bubble here. highs. 500 hits fresh jp morgan says there is still money to be made in the market but could another trade escalation derail the bull train. -- the bull train? matt: no cheating. the trump administration removes its designation of china as a currency manipulator ahead of tomorrow's expected signing of a phase one trade deal. proceed with caution. markshares -- howard tells bloomberg exclusively, investors should beware of the bull market. >> the market has been up for 11 years. we are in the longest bull market and expansion in history. profits are not rising though stock markets are. it does not mean the market will go down tomorrow but it does mean that the odds are in my opinion in the investors' favor. matt: fit and focused. can the former maintain its dominance when it comes to fixed income currencies and commodities? we are just an hour were away from the start of cash equity trading. let us take a look at future us. daxave green arrows here on futures and ftse futures and cap f

i'm anna edwards from our european headquarters in london and matt miller in berlin.w market participants today. early in 2020 but we're still making good gains. matt: absolutely. 2.5 points added for the stoxx 600 up to 418. it does look like at least for this day of 2020, the rally is going to continue. around the world, not all of these -- not all of these countries are open for trading. these are just implied policy rates. nothing to do with the moves in stocks. where you might see policy going just in case you were wondering, there you go. let's get to laura wright now for the first word news. laura? >> thanks, matt. an iraqi militia backed by iran. fighters attacked the come pound early they are week. the move could ease tensions between iran and washington. gamblingnetanyahu -- s that once the coalition is formed he will be the one leading it. north korea's leader has called shocking action against the u.s. kim jong un said he is no longer bound by his pledge to halt missile tests. it adds to trump's concerns in a politically chaveraged year. many holiday maker

i am anna edwards alongside matt miller in berlin. >> the markets say nothing is immune. stocks slide as fears of the coronavirus spreads. cash trade is less than one hour away. matt: china bans travel for 11 million people in wuhan as it looks to contain the spread of the coronavirus. stocks take a big hit. kicks off its strategic review today. officials plan a two-part approach to break down the central bank inflation targets. and opening arguments. u.s. democrats present the case for president trumps removal. fromar exclusively secretary of state mike pompeo. >> our policy with respect to ukraine has been set on the fundamental principles of reducing the footprint of corruption and helping the ukrainian people filled a democracy while under threat from the russians. matt: just under one hour away from the start of cash trading. that's take a look at futures. -- let's take a look at futures. they have a 3% drop in the csi 300 index in china. they drops in asia leading to lower futures numbers here in european equity indexes. if you take a look at u.s. equity indexes, yo

i am anna edwards alongside matt miller. matt: risk-off sentiment sent investors running for havens with stocks set for a negative open. the cash trading is just one hour away. is just one hour away. the fallouts. iran says it is no longer bound by 2015 nuclear deal after the killing of its top general. president trump threatens disproportionate u.s. retaliation should tehran take military action. aboveextends its search $70 a barrel after the u.s. state department warns of missile attacks near military bases and energy facilities. plus, risk-off rules as global stocks trade to the downside, gold searches to the highest level in more than six years. as i said, just under one hour away not from the start of cash equity trading in europe. futureske a look at this morning after the first couple of days of the year traded in different directions. we are now headed firmly down in terms of sentiment. clearly, over the weekend, after the attack that we reported on friday, you can see cac and dax .75%.s down take a look at u.s. futu

i am anna edwards. the cash trade is thus an hour away. -- just an hour away. ♪ inoculation.hina's coronavirus outbreak is spreading. stocks shake off the threat -- threat. netflix shares climbed in extended trade as overseas growth helps offset a domestic slowdown. announces 6 billion euros for tsmc.d apple good morning. just under an hour away from the start of the cash equity trading day. let's have a look at what the futures are telling us about what that they might look like. we are expecting to see a bounce at the start of the trading day. we've had a briefing from the chinese around coronavirus. the fact that we are getting regular briefings, there is a level of urgency in the program that has been brought into play. a lot of contrasts drawn with sars. that has given relief to markets. , more risk onrner than we were yesterday. u.s. futures pointing to the upside. movements on u.s. futures, a similar dynamic going on. let's have a look at the dmm and what we have in terms of the latest market moves. the hong kong market bouncing. the csi 300 bouncing in china. that pre

anna edwards in london alongside matt miller in berlin.ing a little momentum perhaps? matt: losing a little steam right now, but still close to high on the dax set in january 2018. right now, 13,514. ande get to 13,005 and 59, -- 13,559, that would be a record close. in caseer to look for, you want to see a record close since dax, the highest january 2018. stoxx 600, the broader european benchmark, we can see it broken down by industry groups. travel and leisure stocks doing the best, followed by utilities and health care. bank stocks having a rough time, followed by retail and telecom. let's go to leigh-ann gerrans in london. leigh-ann: a missile was the likely cause of the ukrainian jet crashing in iran according to world leaders from the u.k., canada and australia, who say it was likely an iranian missile and probably by accident. they are calling for an international probe. >> intelligence from multiple sources, including our allies and our own intelligence, the evidence indicates the plane was shot down by an iranian surface-to-air mi

i'm anna edwards alongside matt miller in frankfurt. say time to reassess. asian stocks headed for the biggest drop since august andite signs from the fed upbeat earnings. the cash trade is just an hour away. ♪ matt: 50/50. the market prices a 50% chance of a rate cut today from the bank of england after the fed held steady in the u.s. death toll rises. the world health organization called a meeting of its emergency committee today as the number of deaths from the coronavirus reaches 170. it is a down day for global stocks. and signs of stabilization -- deutsche bank rides the same fixed income wave as its wall street peers and post another postsnnual loss -- as it yet another huge annual loss. >> we in the industry are adjusting to the sense that this rate environment will persist much longer than anyone had previously thought. anna: welcome to the break room, everybody. let's get straight to breaking news. we have numbers coming from profit of q4 adjusted $2.94 billion. that compares to an estimate of $3.5 billion. a lot of market attention on the buyback

i am anna edwards alongside matt miller.light losses, not huge, and there are some sectors gaining. you can see from the grr, the group ranked return screen on the stoxx 600. health-care stocks, gaining because some of them are very heavy like roche and novartis. personal and household goods, also gaining as well as retail, so you are seeing food and a beverage, consumer staples basically up also very heavy like nestle. on the downside, automakers and parts makers as well as insurance and banks. financials in terms of banks are falling, as well, today as we get the raft of earnings out of the u.s. and news of job cuts here in europe, speaking specifically about ubs. that is your sector breakdown. anna: let's return to global things and u.k. politics. britain has beaten the u.s. and china to become the world's fastest-growing tech hub. than $13 pumped more billion into startups last year, one third of all european tech investment according to a government release. the secretary of state for digital culture and media and conse

alix: thank you very much anna edwards. now, for more on the coronavirus outbreak, the death toll has climbed to over 200 and the number of confirmed cases is fast approaching 10,000. >> i am declaring a public health emergency of international concern. nor the global outbreak of val coronavirus. our greatest concern is the potential for the virus to spread to countries with weaker health systems. alix: the virus is another blow to china's already slowing economy. data is showing things are holding up, but didn't account for the recent outbreak but didn't account for the recent outbreak. -- joining me now is rishaad salamat. ishaad: what it really does it standardizes the ad hoc response we have had from various other countries to try to institute global response to get this whole thing contained. we are approaching 10,000 in terms of the number of cases. the vast majority of them, 90% are in china. -- 98% are in china. about 1,500 our severe. -- are severe. we have got at the moment, schools and hong kong that are going to

i'm anna edwards. welcome to "bloomberg markets."ing with here on european equity markets. we are without the united states today. sois martin luther king day, a market holiday. stocks in europe have come down on the early part of trading, but are fairly flat now. a number of sectors in positive territory, including oil and gas. the brent crude price up 0.8%. we saw it jump early on because of geopolitical tensions in libya and a rock -- and iraq. we've had weak data coming through on the u.k. a lot of speculation on when we will see cuts on interest rates from the bank of england. the 10 year bund yield unchanged

prince andrew and prince edward and one day princess charlotte and prince louie, too. annacnn, london. >>> the humanity righ rights wa their executive director has been denied entry into hong kong. kenneth roth arrived there sunday, but says immigrantion officials gave him no reason to keep him out. for more on this story let's turn to cnn's kristie lu stout joining us from hong kong. what's up with this one, kristie. >> kenneth roth, the global head of human rights watch attempted to fly here in a press conference on human rights in hong kong, he arrived, but says he was denied entry and turned back at the airport for immigration reasons. he's a u.s. citizen. he's visited hong kong a number of times in the past. after he was denied entry here, roth immediately took to twitter to share his account of what happened. take a listen. >> sadly, as i arrived here, the chinese government decided it didn't want to let me in. even though i've been able to enter hong kong freely before, this time for the first time they blocked me. this episode is just the latest evidence that the ch

edwards alongside miller in berlin. futures are looking at that are pointing higher after a gain in asian equities overnight. the trade across europe is just one hour away. anna

edward. and one day prince charlotte and prince louie, too. a transformative chapter in royal history. worthy of a future block buster episode of "the crown." >> and, anna's worth talking about this financial independence because they're still going to accept the money from prince charles, aren't they? >> reporter: well, that's that plan. currently they have 5% from the british taxpayer. that is the money they are not going to accept any more according to their plans. 95% of their income is derived from prince charles's estate. it will be interesting to see what happens there because prince charles hasn't agreed to continue to fund them at the level they have currently. now, what we could see is some sort of phased system where they have funding from prince charles for a number of years. there may be changes or phases as they become independent. how they earn money independently without the trappings or linkage to the royal family is really anyone's guess. rosemary? >> indeed. anna stewart, thank you for bringing us up to date ton this story. appreciate it. and if you're watching internationally, thank you so much for being with us. "african voices" cha

edward, and one day princess charlotte and prince louie, too. a transformative chapter in royal history. worthy of a future block buster episode of "the crown." annat, cnn, lone. >> journalist and royal expert sandra monetti, trustee of the royal society of saint george joins me now from los angeles to talk about it. hello, sandro. >> hello. i've ready for the crisis talks at sandringham. never mind the ticket to the superbowl. this is where i'd love to be in attendance. can you imagine, the queen at 93 years old, will take charge of yet another royal scandal, the best of her rein. she's summoned the family, it's a council of war. >> though think about it. you've got prince william who has said he's very sad about this rift with his brother harry. you've got their father and the queen, and they're all so very proper. so you don't think this meeting will be a more proper royal meeting? >> it will be cups of tea, cucumber sandwiches and a very orderly agenda. i don't think there 's going to be feisty cups at the royal estate. put it that way. for serious -- if we can talk seriously for the moment, there is a potential constitutional crisis to discus

meghan's announcement has drawn comparisons with edward viii's abdication in 1936 so he could marry his american mistress, wallis simpson. let's speak to annaa similarity. turning his back and his family for the love of an american divorcee wife stop of the differences in this situation it seems to be meghan it is very much driving this move for an alternative lifestyle rose in 1936, contrary to popular opinion, wallis simpson tried to prevent edward abdicating and did not want him to leave the throne. if you are ever possible, to bea throne. if you are ever possible, to be a part role? i don't think it is. this is what harry and meghan are going to find. you cannot have one footin going to find. you cannot have one foot in the royal household and another foot in the commercial world. you are either all in all out. i think this decision which feels hotheaded and impetuous to me maybe something that harry comes to regret. i don't agree with that. after fully disagree with that. can ijust correct on the pronunciation of my name? my apologies. i have to disagree with this. first of all, there is no comparison between meghan markle and wallis s

as we saw from edward's abdication, the british public take a long time to forgive, let alone forget. thank you, annain new south wales. in the fire—bleached bush along australia's south—eastern coast, gary simpson's backyard has taken a beating. some of his tallest trees, badly charred, have had to be felled and dragged a safe distance from his house. he's been clearing up ever since a raging fire swept through last saturday, and preparing for more fires once the weather heats up again. when this happens, i mean, do you ever have second thoughts about living in a place like this, surrounded by bush? er, sometimes you do, but it's such a great place to live. you're self—sufficient, you've got plenty of space. it... ..it was fine, it's fine, and we won't be going anywhere, we'll stay. this was what was happening here last weekend. the whole forest around his house was ablaze. at one stage i said, "this doesn't look good." this whole area was awash with flames. it's a pretty scary feeling. yeah, it can be scary, yeah, most definitely. we've been very lucky, we saved the houses. there were people down t