we go back to annabelle droulers in hong kong. annabelle: thanks.isappointing investors with its quarterly results. it posted lackluster gains. two of the most closely watched metrics on wall street, but it was not all bad news. the ridehailing company beat estimates -- it improved its annual loss forecast, pledging to turn a profit by 2021. barclays is being investigated by u.s. regulators as to whether it violated security flaws. it raised concerns about marketing practices for certain bonds. we have been told the probe is preliminary and may not lead to any allegations of wrongdoing. decliningnd the sec to comment. mcdonald's human resources box has left the company after 15 years. the departure coming one day after the start ceo was fired. mcdonald's is viewed with a lot of scrutiny because it is viewed as a bellwether. that is your business flash. matt: annabelle droulers with year business flash. christine lagarde has one under her belt as the president of the ecb. her first speech in the office, she called for strength, resolve, and courage,

nejra: annabelle droulers and hong kong.more than half full. -- powell strikes and up by upbeat tone on the u.s. economy. when you are traveling to work, tune into bloomberg radio live on your mobile device. this is bloomberg. ♪ nejra: we are 42 minutes away from the start of cash equity trading here in europe. agreed to buy has $26merica trade for billion. >> this is definitely an industry changing shakeup. it is a deal that has only made possible by cutting those fees to zero. i went to give you some of the details. they will purchase td. it is roughly valued at $26 billion. schwab already owns about 50% of the market share of register advisor custody assets. you get about 5 trillion in assets. it is a zero fee world. we had all of these brokerages cut their commissions a couple of months ago. analysts say this raises antitrust concerns. i want to talk about what really interests me in this field. schwab broke td justified. look at earlier this year. moretrade was actually expensive than schwab. that is a very expensive of

nejra: annabelle droulers in hong kong, thank you. the rate decision later today and with the u.k. heading to the polls, bloomberg spoke exclusively to the former governor of the reserve bank of india amid speculation that he is a potential successor to mark carney. we asked him about the political landscape in the u.k. and the boe's brexit dilemma. >> since banking has become a very political job, it is important for central banks to understand where the rocks are, where the shores are where they can run adrift. i thing it is best to have somebody you can understand local politics. any kind of separation, without adequate preparation, adequate structures to maintain trade, is going to be very problematic. the -- we adapt move andy, but the brexit, which could be back on the table, could be substantial. nejra: that is the former governor of the reserve bank of venue -- reserve bank of india speaking exclusively to bloomberg. as political uncertainty swirls in the u.k., the bank of england is expected to keep interest rates on hold and

let's get to annabelle droulers in hong kong. annabelle: thanks.s potential investors in dubai, a sales push for the initial public offering. we have learned the invitation-only meetings include discussions on strategy and the dividends. the first talks outside saudi arabia around plans to sell stock. novartis is agreeing to buy medicine co. in a deal, a stringup a drug into of acquisitions. shareholders will get $85 a to thea 45% premium closing price on november 18. novartis is sharpening its focus on cutting edge drugs for cancer and other illnesses. -- $50 billion merger deal with fiat by year-end according to reuters, which is reporting a memorandum understanding is to be signed in december. the carmaker is dismissing allegations that the latest sergio marchionne played a role in a corruption scheme. carl icahn is seeking control of occidental's board. he plans to nominate a slate of 10 directors to the oil and gas producer. he owns a $1 billion stake in the company. no comment from the representatives. ' is rejecting xerox requests to open it

let's get the bloomberg business flash with annabelle droulers.er of: the jaguar-land rover making new attempts to find partners for the beleaguered brand. it is hope and alliance would help jlr with save on costs. but, they said no talks have been held. says the company he helped start is not guilty of gender bias. the credit card was alleged to discriminate based on gender. wozniacki said the card's algorithm was not at fault. >> i don't believe looking into the algorithm or changing the algorithm is the solution. it is being able to get individual attention in the case that algorithms miss. wework looking for a new ceo and they are considering the t-mobile ceo, john legere. burgerking's faux meat has landed in europe. it will start serving it in more than 2500 outlets across the region. it is one of the biggest product launches in burger king history. that is your bloomberg business flash. nejra: thank you so much. boston fedthe u.s., president eric rosengren says he doesn't believe in using negative interest rates in a recession and would not

i am annabelle droulers and this is bloomberg. rish? is where we find ourselves at the moment. major indices in play. there is optimism regarding the trade talks. a global equity rally is taking place. and the white house is saying -- is talking about the nonfarm payroll numbers are better than expected. the narrative of a u.s. economy somealtering is gaining credibility as well. perfect for stocks. s&p 500 at record levels. helping to lift up what is happening equity wise across this part of the world not least being the chinese markets. the csi 300 seeing levels that we have not seen since april. that is where we find ourselves at the moment. and amongst this third-quarter earnings season. haslinda.to is all about trade. the president says phase one of talks is nearing completion. wilbur ross says that there is optimism that a deal will be reached this month. >> there was a suggestion about alaska and a suggestion about hawaii. i am sure the chinese will have some suggestions in china. that should be the easiest part of the whole thin

for first word news, annabelle droulers. elle: thanks, manus.n the u.k., prime minister boris johnson has apologized for theing to deliver brexit by october 31 deadline. speaking to sky news, he blamed parliament for failing to back his accelerated timetable. and now, they are looking for a new speaker to replace john bercow. protests withacy clashes with authorities with tear gas and water cannons fired androtesters in the streets the subway stations with over 70 people sent to the hospital for treatment in hong kong, two in critical condition. warren buffett still has not found any deals. berkshire hathaway' is cash going to record billions. fourth-quarter profit gain. for the year, they have a staggering net income of $52 billion. he will continue to face questions about whether he is being aggressive enough with his massive hoard of cash. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. manus? manus: annabelle. we will be hearing from