it believes that the bank of england would err on the side of caution. n in the markets. there wasn't much anticipated surrounding what was happening here with bank of england. the pound has been weakening on morning, not on the bank of england, but on what is happening in brussels. theresa may is expected to arrive around 1:00 london time. it is all about exit. alix: you are also looking at markets pricing in no hikes at all. at some point you would think the boe would have to start changing the narrative to keep optionality. guy: anything that is what it is string to do today, saying that if there is optionality, we could move brief in the direction. it doesn't know what the outcome of exit will be. we have a few days to go, just over of weeks to go before potentially a hard exit. that still need to be part of the narrative. the bank season as a tailwind that could move in either direction given such a scenario. you have to wonder how effective monetary policy would the in this scenario. the pound is expected to move sharp to the downside. would the ban

guy: you've been listening to the governor of the bank of england talking to the lords. carry on doing so if you want to on live go. certainly worth listening in to. got a piece of news i want to mention. the ecb and the bank of england have decided to activated a line which will allow u.k. institutions access to euros if they so need them. this will be done on a weekly basis, trying to mitigate the risks surrounding a no-deal brexit. anyway, if up to the carry on, live go. this is bloomberg. ♪ guy: live from london, i'm guy johnson. vonnie: and i'm vonnie quinn. this is "bloomberg markets." guy: a little lower today, and australia forecast rebounding numbers. we've also seen a similar number from russia as well. let's go to ted. she joins us now from the cme. it does seem as if the story is turning around. we're getting stronger reports out of the e.u. and australia, and that adds to that report we got earlier on. what's the prognosis for the price? >> you're absolutely right. it's not good news, but not a really big prize. we had a rough growing season in a lot of areas

it is often because i think the bank of england has done a very good job of looking at what the risks in advance. let us talk about kylie jenner. i don't know if you are a fan. she has made a lot of money. they are describing as a self—made billionaire, forbes. forbes have been quizzed on this, can she be described that way because of family money? there is debate about that. whatever we think about it she is worth a heck of a lot, as are many young people who are climbing onto this, and it is due to social media, these influences, have got billions and billions of instagram followers and billions of instagram followers and are promoting followers and making money. she has been on tv since she was a child through the kardashians programme. she has not sold out her company. it is entirely owned by her. the management is done by her mother, who takes a 10% cut of all of her children's businesses, which is an interesting family business model. she has gone direct to consumer via social media. and it works in this sector. it says that the key people are buying a product 18-24. she the key

it's not necessarily the job of the central bank, e.c.b. or bank of england to o do exactly what markets want. i do think that the fed got spooked a little bit by the market reaction after the december meeting for sure. that was part of the reason why , saw the modest policy looking forward if the fed does something and stays on the course they have paced over the last several weeks, and the market is still unhappy, i don't necessarily think it's a policy mistake. gus: the stock market is up six out of the last seven sessions. how big factor in terms of the thinking around what the fed is doing right now is that? harm: i do think it has been the main driver to explain why the fed became so much more cautious over the last two or three months compared to the fourth quarter. since then numbers have weakened as well. and i think this gives us vindication or you can can say maybe the fed had the perfect foresight to know the numbers will follow the lead from the market. i'm not quite sure. certainly it is still in the back of the heads of most federal officials.

a warning by the bank of england in the financial times. sell assets, ahead of a forecasted "market meltdown" if the uk crashes out of the eu. the metro carries an interview with the foreign secretary, jeremy hunt, who today said it was too risky for uk officials to rescue the baby son of is bride shamima begum before his death. the father of joanna toole, the first brit to be named as a victim of the ethiopian plane crash, pays tribute to his daughter in the i. another photo ofjoanna toole covers the front of the telegraph. she is one of 157 passengers and crew who died when an ethiopian airways jet crashed after take—off from the capital, addis ababa. the guardian says the prime minister is fighting to save her brexit deal as well as herjob as eurosceptic s circle. "last chance to take control of brexit" in the daily express, who say theresa may only has hours left to "stop the chaos." and further brexit woes for the prime minister in the times who say theresa may is facing another three—figure defeat over her brexit plan. we will begin wi

guilt expectation that there will be some boost to growth and net the bank of england will resume itsejra: interesting that you think they would resume the hiking cycle. do you think that would come in 2019 or 2020? alexis: i could see the bank of england raising rates in the second half of this year. but that would be contingent, as i mentioned, on a soft brexit and on some conclusion to the uncertainty. the longer that drags on, the more challenging it is for the bank of england to have that conviction to hike. nejra: but why hike? i understand we have a tight labor market and wage growth has been solid, but if we have the resolution of a soft brexit, we will not see sterling fall much more. are the inflationary pressures going to be so strong that the bank needs to hike rather than stay on course with the rest of the world's central bankers? as you mentioned, the currency might rally, and that would dampen inflation a little, but over all, the labor market is tight, the unemployment rate is the lowest since 1975, wages are accelerating, and there is an argument that the bank of eng

wes: i think the bank of england is on hold. has talked about the fog of brexit hanging over the u.k. economy creating all kinds of uncertainty for businesses. will it go through? in what form? the bank of england officials suggested and indicated that they are willing to raise interest rates and would like to raise interest rates but they won't until we have come i think they used the word a smooth brexit. we have everything in the world except a smooth wrecks it right now. u.k. 10 year bond yields are at 1.2%, quite low when you compare it to treasury yields which are about 2.6%. i think we can expect u.k. bond yields to stay low. david: thank you so much. sebastian. speaking of low yields, the question of the day, funding yields in germany, if it falls below, what will that signal for us? we are headed towards 10 basis points, the only thing that separates those two at this point. chime in. ahead, hong kong airport is the world's biggest .- busiest cargo gateways the ceo of the airport authority of hong kong joins us later on.

it's the bank of england has decided to keep interest rates steady as brings its affecect on the u. k. economy remains mired in uncertainty. members of the monetary policy committee voted unanimously to hold benchmark rate to three quarteters of a percent there se level since last august. the central bank says british firms have boosted their preparations for a no deal brings it in recent months with around 80% of companies in judging themselves ready. that's up from 50% in january those companies that like knowledge and there are limits to the degree of preparation even possible. germany meanwhile is among the eu members making preparations for the possibility of an idea breaks it. the german state of north rhinee westphalia is especialllly depependent on the u. k. iss a market for i its expororted goo. vehiclcles chemicals and mechanical chief among those the bertelsmann foundations as an unregulated u. k. exit would cost germany some ten billion euros annually with north rhine westphalia losing out. to billion euros an export sales most recent study says all of europe is likely to

the bank of england -- the u.k.ure institutions have access to euros. how big of a squeeze in terms of access could there be if there were a no deal brexit? >> i don't think that is something to take seriously. preparations have to be made. i doubt the liquidity squeeze will be that substantial. this is obviously a precautionary and welcome measure. it helps stop liquidity issues. i don't think it is something that we should become too flustered about. >> saying that there is little weight being put on a low deal -- no deal scenario. perhaps the financial markets are under waiting this to their own detriment. i don't think there is less risk of that to be honest with you. -- mps showed in the vote the government obviously allow them to have this book next week on delaying brexit. has noent has shown it interest in a new deal brexit and that will be avoided. i think it is right for the moment -- the markets to think a no deal brexit is down low on the probability list. we heard a 25% fall in sterling on the no deal. that probability for me is probably 5%.

what does that do to the bank of england? does it draw forward? hink they will get this the bank, do you think of england would act before the expiration of an extension, or are they left on hold? shaun: i think they are left on hold for the rest of the year. the u.k. consumer story is not bad, it is about confidence. spending power is there, but clearly confidence is weak, and that is holding back the economy. business confidence will return slowly, so i expected to be on hold. i don't think there's any chance they will ask creatively and hike rates. nejra: i want to go back to our starting conversation, the fed. i understand you're underweight u.k., underweight europe, you remain overweight u.s. equities, despite yesterday's weakness in reaction to what was a very dovish fed. shaun: most people are overweight on u.s. equities. if you ago, most people were underweight. but the strength of margins, the continued good growth, i think it is right. it is not an aggressive position, exactly quite defensive. now this extra is coming from the emerging ma

the market doesn't believe that it believes that the bank of england would err on the side of cautionnd likely loosen rates in the event of a no-deal brexit. the pound would be expected to move sharply to the downside. would the bank lean into that or against it is i think the question se market is asking. the suspicion is that the bank would not hike rates if you were to see an inflation shock generated by a pound move low. it would see it as a temporary factor. jonathan: president donald trump saying a deal with china is close ahead of a fresh round of talks in beijing next week. u.s. officials less optimistic about a quick deal. how close are we to a breakthrough? kevin: president trump says close, treasury secretary mnuchin and lighthizer headed to beijing to continue the trade talks. meanwhile, if you switch gears from the u.s.-china trade talks, the president, in an interview that aired on fox business network, says he fully intends to keep intact the 20% tariff on light trucks in europe and saying the e.u. is treating the u.s. more unfairly than china is in some cases. scarlet:

david: the bank of england decision will be key indeed. s under the assumption that the deadline is moved, and that helps the bank of england because it frees up uncertainty and the reaction function, and markets see how dovish or or hawkish they sound. . we have got some key data out this week.we have employment and inflation data. if that comes in a strong when expected, the markets could be carneyhow hawkish sounds. manus: david, thank you very much, our fx and rates reporter on sterling fast -- sterling nasmachinations. this time, the brexit story is about give i'm ideal for the third time, or you will have a very long delay. is that the right threat? to be working to a certain extent. the negotiations over the weekend were that some tories were starting to get behind theresa may's deal. but it would probably take more than that to get it over the line, and most likely will also require support from opposition labor party as well -- opposition labour party as well. i don't know if they will achieve it this week. perhaps it needs a delay

there at theing bank of england monetary policy committee, i would be on hold for the combination of economic and political uncertainty. there is a lot of idiosyncratic britain specific stuff. i think the bank of england was right to of said that depending on how brexit goes, the next move could be a hike or a cut. it is straightforward. if they get the good news brexit , meaning some kind of clear resolution, then it is not a no deal, then i think a hike remains possible for the u.k. vonnie: what is europe supposed to do? what would be the correct adult response to this? adam: you are right to think in terms of adult responses and give credit where credit is due. the european leadership coordinated by donald tusk and michel barnier have done a good job. they have kept their priorities. i think what europe should do is hold to exactly what they told theresa may a couple weeks ago. happy to have you come back in. we areo have you say going to have a longer extension and make up our minds, but only if you are putting in place a second referendum, a general election, something that shows

central banks themselves are insolvent the federal reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged much more leverage than long term capital management ever was much more leverage than lehman brothers or birth stearns ever was that is the most leverage hedge funds that we've ever seen in the history of hedge fund skullduggery but it doesn't matter because they can print and buy back their own in an infinite cycle profitless prosperity and then one day like wild. over the cliff chasing the road runner. there's a moment of recognition and. there you go it's all over who's going to come to the rescue this time obviously not the central banks because they say they're going to do negative interest rates so we'll see a. lot of interest rates where they just take money directly out of people's accounts the bail in as it's called but you mentioned the profitless profit profitless prosperity profitless prosperity of course we recently discussed the flow list rally. there the equity rallies don't require any new inflows it's ju

of intensive school. rats. and they save lives. several reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged much more leverage than long term capital management ever was much more leverage than lehman brothers or bear stearns ever was there the most leverage hedge funds that we've ever seen in the history and hedge fund skullduggery but it doesn't matter because they can print and buy back their own debt in an instant cycle profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's that moment of recognition and then. smoke. them in their mug them up on the limb for one of them to know them better than one photo of himself to get a. close up look. just as. she. looks to go to the british were stepping up themselves. i mean. if. britain's bricks and nightmare prime minister to resign made divorce deal is defeated for a third time leading to fears of a disorderly exit from the bloc in just two weeks time. people are reported dead as tens of thousands rally along the perimeter fence between gaza and israel to mark one year

of them. i mean the guy. you want to. if you can. take a. federal reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged much more leverage than long term capital management ever was much more lovers and lehman brothers or bear stearns ever was there the most leverage hedge funds that we've ever seen in the history and hedge fund skullduggery but it doesn't matter because they can print and buy back their own debt in an instant cycle profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's a moment of recognition and then oh oh oh oh oh oh oh oh there you go it's all. gone there was a crack seized to do crack when i was. ok my dad he was like. just so you know like what i needed when i was a baby boy. there's always single mothers in african-american communities ever since slavery. i think it's more of teenagers having kids. you can't expect a fourteen or fifteen year old first daughter to order for him to be a far there any check out. the last place on. my car and breaking down i was unable to get to work on time sunday let me get

of the states will. set a reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged much more leverage than long term capital management ever was much more lovers and lehman brothers or bear stearns ever was there the most leverage hedge funds that we've ever seen in the history of hedge fund skullduggery but it doesn't matter because they can print and buy back their own cycle profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's a moment of recognition and then. oh there you. see. such konami foam on smoke by the only coming off of them a month to month one of them for appointments to november was done well so because of stuff to get a. lot of thought up was all but i just i think that. she was you make an. agenda but from the sun on my book you go to the british bush that's enough of them. i mean you got. to. take a. third time lucky for theresa may british lawmakers roundly reject the prime minister's last ditch attempt to force her divorce deal through parliament. u.s. secretary of state

of venezuela. when we ourselves are causing this car city. center reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged much more leverage than long term capital management ever was much more levers and lehman brothers or bear stearns ever was there's a most leverage hedge funds that we've ever seen in the history. skullduggery but it doesn't matter because they can print and buy back their own cycle profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's that moment of recognition and. oh there you go it's all right. i mean more to gain is an outstanding person because he took on the most powerful agency in this county or you'll be to stay if you look at it from the analogy. marc was the day that when he was five and. do going to be in the sheriff's most contentious critically he is the first time i noticed something wasn't right in fleece work pretty much when he first started the corruption in palm beach county is not something that you can smell it seems like it's a nod and a wink it wasn't what i wanted to do. we've had more

the reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged much more leverage than long term capital management ever was much more lovers and lehman brothers or bear stearns ever was there the most leverage hedge funds that we've ever seen in the history of hedge fund skullduggery but it doesn't matter because they can print and buy back their own debt in an instant cycle profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's a moment of recognition and then. oh oh oh there you go it's zero. zero zero sir. you have to get up off the ground search begins with your. name freeze on the sounds or maybe. mislead especially if you're going to go. drew is drawn. to wish to do away from the officer of the toyotas crew. the obvious or did they kind of lunge for the weapon once missed and then when it happened on tree swung at the officers hands didn't hit them i never saw any contact between the two and any kind of went back to where they were so the officers back here there tr

the bank of england, the slowest, does the prime minister blame her shambolic handling of brexit or her failed austerity policies for this damaging failure? >> should have seen the report that actually shows the expectation that we will have higher growth in the coming year then they will have in germany but he talks about the economy. let's see what we see under a conservative government, more people at work than ever before, unemployment at the lowest since the 1970s. borrowing at the lowest level for 17 years and the largest monthly surplus on record. conservatives delivering more jobs, healthier finances and economy fit for the future. >> the prime minister is very busy, looking at the bank of england forecast, suggesting one in 4 chance of the uk economy dipping into recession. manufacturing is already in recession. car manufacturing declined to the safest rate in a decade down 5% in the last quarter alone. land rover announced cuts to jobs or investment in recent months. does the prime minister blame her shambolic breakfast or her government's lack of industrial strategy for this

bank action. she is a fan of it! and the bank of england is in focus as well. at can they say? we are in the middle of brexit and they are not likely to tell us anything at all. that tells you what really matters for the uk this week, which is what will happen on tuesday and wednesday. if anything at all. there was already a messages yesterday that they would not take the vote if they did not think they would get it through. do we have that? do we have ano through. do we have that? do we have a no confidence vote? pound sterling continues to gyrate around every little bit of this. i'm tuesday and wednesday we might get an indication of what is happening, but that is not the end by any stretch. it is the start of a new period perhaps more uncertainty. let's hope it is the start of a new period! i think we are getting fed up this point. 0bviously we are getting fed up this point. obviously we go to the eu council and we hear what comes back in terms of whether we get an extension or not. it is not a done deal. the comments might vote for it but it is not a done de

david: we have the bank of england decision. alix: so nothing. basically. so nothing changed. at's a shocker. the rates stand at 75 basis points. it was unanimous. guy: the brexit fog is now so impenetrable that the bank of england really doesn't have any choice but to wait and see exactly what is going to be happening here. it's interesting that the bank is reiterating that the rate could move in either direction on a hard brexit. the market doesn't believe that . it believes that the bank of england would err on the side of caution and would likely loosen rates in the event of a no-deal brexit. the pound would be expected to move sharply to the downside. would the bank lean into that or against it is i think the question the market is asking. the suspicion is that the bank would not hike rates if you were to see an inflation shock generated by a pound move low. because it would see it as being a temporary factor. jonathan: president donald trump saying a deal with china is close ahead of a fresh round of talks in beijing next week. u.s. officials less optimistic about a quick

the bank of england has kept interest rates on hold amid continued uncertainty over brexit. ave been since august last year. retail sales rose in february are up by 0.4% on the previous month, official figures show. despite that positive news the high street is still facing challenges. fashion chain next continues to struggle with the falling use of its high street stores alongside a growing online business. and ted baker's profit has fallen a whopping 26% to just under £51 million. manufacturing body make uk says manufacturers were more concerned than ever about a no—deal brexit and that it should be avoided under any circumstances. they added 70% of manufacturers have already put decisions on hold and had been building inventory. now, retail continues to be a bright spot for the british economy at a time of uncertainty ahead of brexit. retail sales for february rose unexpectedly by 0.4%, while annual sales growth for the three months to february was its strongest in over two years at 3.7%. but, as you havejust been hearing, fashion chain next and ted baker are facing challe

the fed are not doing anything, no one is doing anything, i think the bank of england will join that the bank of england will agree you've if we get that deal on a 12. tom: thank you so much with hsbc. we will continue here. bill gross retiring, and interview we had, we continue the discussion forward with erik schatzker. a conversation with bill gross on bloomberg tv tonight. ♪ tom: bloomberg surveillance. francine lacqua in london. i'm tom keene in new york. with bill gross it's about bonds and the fed but what about bill gross? erik schatzker a fabulous effort with mr. bill gross. part of it was a discussion about 37 million people who have an autism spectrum disorder called asperger's. here is bill gross on bill gross. , notross: my personality to get personal, i'm an asperger. they tend to compartmentalize. they operate in different universes without the other universes affecting them as much. feelings about pimco. wellnk i did pretty in compartmentalizing. not that i did not wake up in the middle of the night, but when i came to work it was all .usiness i don't think it affected

it's like the bank of england this week. they arty made mistakes by hiking interest rates. uld be cutting interest rates. we only have -- we have 14 central-bank meetings this week, one of them is going to hike, which is norway. parkway might cut. -- parkway might cut. 75%, andf gdp will be that is almost unprecedented easing. that will push interest rates much lower. manus: let's pick up on a couple of those things. these are huge calls you are potentially making. let's talk about an additional youear bull run -- do expect u.s. equities to return 400% over the next 10 years? do you expect the dollar to decline, to go into a nascent level of decline? what are the consequences of this major market call you are making across the assets? >> no, we are quite bullish to the dollar, and the dollar is quite a simple trade. if we measure america as a share of the market, it is growing and growing and growing. the only country that is keeping up with america is japan. china to a smaller extent. that is why the u.s.-china trade deal is so important. both xxi and trump, the most import

at the moment, the market is knocking any action from the bank of england right into 2020. hink we would have to rerate that action? 30% probability of a hike in september. would we rerate the bank of england's proclivity to act? claudia: yes, it could bring rates in the u.k. but this is about the economy. we don't know what the economy is doing. we have seen some slowdown in the eurozone. of centraln a number banks go from hawkish to dovish. we see the fed making the brakes. to look into the economic data to see if the economy is slowing are not. for the time being, the data remains quite weak in europe overall. nejra: claudia panseri, equity strategist at ubs stays with us. on bloomberg, we speak exclusively to the former u.k. prime minister tony blair. don't miss that interview at 5:00 p.m. london time. let's get the first word news with annabel in hong kong. annabel: singapore has become the latest nation to ground aircraft afterx two crashes involving a variant of the best-selling model. aviation regulators signaled their confidence in the models a day after 157 people

on brexit, in the city am, the governor of the bank of england, mike carney, tells the house of lordsbrexit. finally the sun calls kylejenner a "selfie—made billionaire". the reality tv star has become the world's youngest billionaire at the age of 21. she took the top spot away from facebook founder mark zuckerberg in the forbes' annual billionaires list. with me is andrew tuck editor of monocle, a global news and business magazine. let us get stuck in. we started this story that was emerging in the uk yesterday afternoon. it talks about a bomb plot with the stamp of irish distance. and they are linking the two. many papers around the uk are looking at this story. these are three potential crude a letter bombs that were sent yesterday. a few interesting things, the

staying with britain, also on the day, we are due to get a policy decision from the bank of england. vestmentjoined me earlier. i asked about the global impact of the potential banking merger in germany. we believe that once that merger does go through it will create the fourth—largest european bank. and it can, if done properly, allow it to compete effectively with other global banks, say the ones in the us. of course, a lot of water has to pass under the bridge. especially how it is going to be funded. the expectation is equity raising will need to be done and to allow them to effectively be merged together. we move on to talk about brexit. it is another big week this week. last week we had a somewhat muted market reaction in asia. as this uncertainty drags on, what kind of an impact... i am reged ahmad. we want to take you live to wellington new zealand where the national crisis management centre is holding a press briefing. released to families for burial. they deserve our respect and privacy to mourn their loved ones, including from the media. we hope people can understand and re

some of the other stories making news around the world britain's central bank is warning that europe's financial system is facing risks to stability after a no deal brags that the bank of england extended its weekly lending facilities to include euro the euros it also said households and businesses across the european union not just britain were vulnerable but miss had to leave the new in twenty four days. b.m.w. is planning to shift some of its engine production from the u.k. to austria in the event of such an ordeal breaks it that's important to pay the shots involved ahead of b.m.w. as many brands a final decision from becoming the factories inspected in the coming weeks as the u.k. will officially leave the you on the twenty ninth. that's it from me in the business a much more business news on background stories on our web site to go. so-called business. model. kicked off a show like i in freefall dismal showing against me promoting. the closer to the drop some good god grace for a coup to victory over summer's handover should god when some remains in the battle to the occasion cuming the. the prison fear of its most amazing at its most explosive claims. its most creative

the bank of. england seen nothing else looks like the bullets leaving. my little. by their culture the state. only a promise to. the jungle and return to the concrete and glass jungle. the result reverse culture. the tree from the forest starts first on w. . play. this is the w.'s life from germany's five frequencies go up from. the fast mobile data networks and can it be done without hot breath may project chinese test shots. also the program a book or something along for survivors of cycling to duck which through southeast africa last week the floodwaters are endangering thousands of people and rescue crews are struggling to be interim sent. this resupply looks for.

some of the other stories making news around the world britain's central bank is warning that europe's financial system is facing risks to stability after a no deal brags that the bank of england extended its weekly lending facilities to include euro the euros it also said households and businesses across the european union not just britain vulnerable britain is set to leave the euro in twenty four days. b.m.w. is planning to shift some of its engine production from the u.k. to austria in the event of such a no deal breaks it that's important to people shots involve the head of b.m.w. as many brand final decision from becoming a factor is expected in the coming weeks as the u.k. will officially be you on the twenty ninth. that's it from me in the business a team that much more business news on background stories on the website to do. so called business. model. the the i'm glad. the the. law because the law should carry in free fall to small showing against me promoting. the club closer to the draw some obscure god fearing screaming over summers hand over god when some remains in the bible commission the cuming coming up. in a tongue. to take one step further. and face the poss

russia continued support of the venezuelan president i'll tell you more about that after a break you are watching. the reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged much more leverage than long term capital management ever was much more leverage than lehman brothers or bear stearns ever was there the most leverage hedge funds that we've ever seen in the history. fund skullduggery but it doesn't matter because they can print and buy back their own cycle. profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's a moment of recognition and. there you go. join me everything on the alex i'm unsure and i'll be speaking to yes a little the public picks this i'm show business i'll see you then. and welcome back this is our t. international now the u.s. special representative for venezuela is now warning moscow it will pay a price for its military presence there and sanctions are a real possibility but following demands from president trump russia is refusing to pull its forces out of the country and here's how abrams described the possible repe

reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged. much more leverage than long term capital management ever was much more leverage than lehman brothers or bear stearns ever was they're the most leveraged hedge funds that we've ever seen in the history of fund skullduggery but it doesn't matter because they can print and buy back their own cycle. profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's a moment of recognition and. there you go. let it be an arms race. spearing dramatic. only. exist i don't see how that strategy will be successful very critical time to sit down and talk. welcome back to the program german rock band rob stein is feeding the anger of the jewish community across the globe over a video promoting the group's new single it looks at germany's past present and future but it's the paul depicting the holocaust that has drawn a major backlash it's been described by some as frivolous and irresponsible. the nine minute video shows defining historical

federal reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged much more leverage than long term capital management ever was much more lovers and lehman brothers or bear stearns ever was there the most leverage hedge funds that we've ever seen in the history and hedge fund skullduggery but it doesn't matter because they can print and buy back their own debt in an instant cycle profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's a moment of recognition and then oh oh oh oh oh oh oh there you go it's. the bridge for a single purpose. of a super. dog training very young. eight months of intensive school. rats. and they save lives. carlos is going to say i'm tired of watching you know going that well over a decade not just a comedy show where americans in america cover. american news are called foreign agents. zero as we all now know the report is done and he's not recommending any more indictments and it shows no collusion with the raj and it has made our mainstream media

we know that the bank of england has warned about this as well.e know that the situation is economic from the negativity that is coming. but what we need to remember is that the people who voted for brexit, many of theissues people who voted for brexit, many of the issues are not economic issues. they voted to leave the eu but it was not for an economic reason. many people are looking at the situation and saying, well, the gdp could be hit but that is not my main concern. there are so many different aspects to why this is happening, it is not just the economic issue that will cause a problem. moving away from brexit, if we possibly could for a few minutes. climate change. not a positive story here either. this is the guardian online saying that insurers sell warning that climate change could make cover absolutely unaffordable change could make cover absolutely u nafforda ble after change could make cover absolutely unaffordable after the largest insurance form blamed global warming for billions of dollars of damage after the california wildfires.

of the march my standup comedy special really. really don't like. the reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged. much more leverage than long term capital management ever was much more leverage than lehman brothers or bear stearns ever was there the most leverage hedge funds that we've ever seen in the history hedge fund skullduggery but it doesn't matter because they can print and buy back their own debt in an instant cycle. profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's that moment of recognition and then oh oh oh oh oh oh oh oh oh oh oh there you go it's all. desperate for a single purpose. of a super. training very young. eight months of intensive school. raps. and they saved lives. so it's. third time lucky for some a british lawmakers rejected the prime minister's last ditch attempt to force her. russia has interfered in. two thousand and four. and. faces a huge backlash controversial. video. dot com has more on today's top stories get ready for some insightful comment

the bank of england commissioned its own survey.thirds of the businesses they surveyed are already putting contingencies in place for a disorderly brexit. out,al, you just crash something the u.k. and eu want to avoid. nevertheless, they are preparing for that. 80% judge themselves ready to deal with it. it to be resolved this year. half don't think it will be resolved until next year or even beyond. let's look at the brexit barometer. it shows uncertainty is what is hurting the u.k. economy right now. containsit barometer gdp, unemployment, inflation. now we are looking at mark carney from the boe. i'm sure he has been watching our bloomberg brexit barometer. it shows that for most of the time since the vote in the ofdle of june, the balance what is happening in the economy has been positive. you see going into the end of last year how it certainly has tilted. we have seen worse numbers on unemployment, all kinds of different numbers, investment. eu, manyliers to the people who purchased u.k. goods are already canceling contracts.

frederik: inflation is no issue for the bank of england. growth is decent. ing that the bank of england will have to commence later on on the strength of the job market in the u.k.. but to see what happens in brexit, in terms of the longer side, the picture doesn't change for the bank of england. francine: i want to come back to something you said at the start. there a concern that we are the risk of accidentally crashing out? frederik: of course. the fact that the no deal option is on the table is extraordinary. the timeline after the referendum, we get nowhere. and having covered greece for several years, i don't want to draw a parallel with greece, but it is a hard decision. and that is why the no deal option has to remain with the threat on the table. and there are parallels or not between brexit coming up on bloomberg daybreak, the secretary to the treasury interview at 7:30 a.m. in new york, 1130 a.m. in london. and this is bloomberg. ♪ francine: this is bloomberg surveillance. ireall big news, taylor, on bmw. 20 minutes ago from bmw that earnings will