emmanuel cau from barclays is still with us. the you think a deal is possible, and the ftse 100 is down 20% year to date and has not been able to wipe out the pandemic losses. is it a buying opportunity on the ftse? emmanuel: i think it is possible. [indiscernible] we had the drama last year which ended well. this is the time for the eu and u.k. to agree on some things. it could pressure the currency and somewhat help the u.k. onket because the ftse 100 the direction of the currency, and if we have a deal, which ,ould strengthen the currency that could somewhat help the u.k. market. within that we see domestic is a deal is done . for the time being, we see a volatile currency could help the ftse 100 to perform. if we get the deal in the end, that might reverse. annmarie: what is your outlook? do they get a trade deal after all of this wrangling and back and forth between brussels and london? isanuel: i think a mini-deal the most likely. the government can reduce the economic shock, but on services you cannot kick the can down th

at barclay center, at least, they don't have strollers here now. but at barclay center, there were children in strollers with their parents. everyone wearing a mask. there was even someone in an electric -- electric wheelchair out at the barclay center chanting. but i got to tell you, this has been a very fast-paced march. at the beginning, when we were still in brooklyn, there was a guy on roller skates. you know, a lot of bicycles. you've even had police trying to catch up and trying to figure out what direction this crowd was going in at some points after they broke up over the manhattan bridge. a very motivated crowd. and it doesn't seem to have lessened, very much. there's still hundreds of people out here marching now in the streets of manhattan. and continuing the chapnts and demanding accountability. >> and i hear them saying breonna taylor's name. athena, we'll get back to you so be safe. we will see you in moments. i want to get to atlanta. cnn's martin savidge joins us, now. martin, what's going on where you are? >> don, this protest has

barclays has upgraded carnival n norwegian. a pick up in a number of different places you own carnival >> i've owned carnival for a while here i added to it on this barclays call i also bought norwegian cruise lines. one of the reasons is when you look at the bonds, for instance, those carnival bonds that were priced at 99 bucks with 11.25% coupon they shot through 112, maybe 115. that's been a while ago when those were issued. i think they announced that one back in april. i bought those as well one of the reasons i bought them was i think our smart guy marc lasry was buying those i do think they see a recovery many folks have been priced to almost zero. i think there is still value in many of their assets they just sold two boats, scott. carnival did, which is in line with what they said they would be doing they are getting rid of some of the less efficient older boats and holding onto the rest of their fleet. i think this is something that barclays is right about and that's why it was comfortable adding to it >> they go to $

hsbc, stanchart and barclays barclays taking a massive hit today and this compounds concerns raised last week around the potential for negative rates here in the u.k. a multitude of factors weighing on the banking sectors before this was over the weekend. so it's a pretty substantial hit. the overall sector is under pressure taking a look at the stoxx 600 banking index. as i said, banks already in the spot leeth for so many reasons and this just piles the pressure on the european and u.s. lenders. let's dig into this conversation, this report in more details he has agreed to discuss this report in more detail. the first thing that stands out to me is the fact that we're seeing the massive negative reaction in the banks but effectively they have followed the ruls they have filed suspicious reports when they do see issues raised so my first question is why are the banks selling off given they have followed the rules and is there more that the government mechanism should have been doing to catch these suspicious transactions >> no, you're absolutely right the point that was made very clearl

morgan deutsch of citi bank barclays the list goes on. then you know clients and more than 170 countries and there are already 193 in the world were named you know and flagged so focusing on a couple of russians in the u.k. it seems a bit disproportionate and what's been the reaction in the financial world since this all broke while the german ministry of finance has said that all of these transactions a cut in the past they will dated up until 2017 so they've been investigated the matter is closed but let's hear what some of the other big hitters had to say this is not new information to us or our regulators will learn from our mistakes systematically tackle the issues and made changes to our old business perimeter our controls and our personnel consistent with our commitment to protect the integrity of the financial system cities diligence and filing suspicious activity reports with the us department of the treasury when appropriate given the confidential nature of these reports we did not comment on will confirm any particular report t

allegedly laundered millions of dollars through barclays now given the very fraught political climate at the moment it's probably on surprising that there is such a focus on these so-called russians but really it does such a huge disservice to the scope of this scandal i mean 3000 u.k. companies alone on named in those files now that's more than any other country on top of that any bank you can think of really has implicated you know bank of america american express j.p. morgan deutsche of citibank barclays the list goes on and then clients and more than $170.00 countries and there are $293.00 in the world were named and flagged so focusing on a couple of russians in the u.k. it seems a bit disproportionate the german ministry of finance has said that all of these transactions a cut in the pos they will dated up until 2017 so they've been investigated the matter is closed but let's hear what some of the other big hitters had to say this is not new information to our regulators we learn from our mistakes systematically tackle the issues and made changes to our business perimeter our co

barclays says u.s.ontinue to climb the wall of worry because it was a frosty market driven by retail traders. that is what we saw knocked down. we did not see havens move. we saw some value names do toter, but it really seemed be concentrated in apple, tesla. matt, anna? anna: thanks very much. dani burger with a look at the tech phenomenon and what we saw in the selloff yesterday on wall street. just a quick word on what is going on in europe. the outperformance of the ibex and a lot of that to do is with the spanish banking sector, and day. up by more than 7% in the early part of the trading session. we do see the ibex outperform. that in ame to moment. first, let's get the technology themes. bob parker joins us. have youry good to insights to guide us through the m&a and spanish banks and the text selloff. on the text selloff, do you think this means something for broader equities or for other indexes or is it very much concentrated around big tech names that have come so far so fast? bob: if you loo

michael gapen of barclays.ch on the price action as we count down to the opening bell 15 minutes -- 50 minutes away. equity futures breaking down overnight and we stay there. , deeper the s&p 500 into negative territory on the nasdaq. we take a look at foreign-exchange and talk about it -- the exceptions to that rule is the japanese yen reflecting that risk aversion. market, a bit into the long end of the treasury curve, bull flat, the young end -- the long end rallying curate down five basis points on 10. that is the market story. you have to talk about the politics. i know you've been on top of it all morning in a blast when he four hours. there is a real debate over the vaccine and when the vaccine will be available and widely distributed. the president has made several comments on that this morning alone. tom: part of studying microbiology's you learned very quickly how dumb you are and how gifted the scientists are. forget about any opinions. it is an outrage how simplistic the debate is as compared to the

barclays, she is the senior u.s. eponymous.e'll will hear more about how the economy is -- economist -- the senior u.s. eponymous. steven mnuchin will be testifying at 1:00 eastern. will bring it to you live. ♪ taylor: this is "balance of power" on bloomberg television and radio. huge interesting vaccine headlines in the last 30 minutes good u.s. advisors are offering a draft on how to distribute a vaccine. there will be a four phase plan for vaccine distribution great phase one is frontline health workers, nursing homes. phase two looks like older adults outside nursing homes as well as teachers and students. phrase -- phase 3 broader immunization, followed by everyone else in phase four. this is bloomberg. ♪ give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. lookentertainmentour experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premiu

barclays does not have a big international trading business. they are relatively less.plenty of its own woes in hong kong as well. tom: what i find interesting here is the ratios, the evaluations. i go to book value on the terminal. are we finally at a catalyst for combination? jonathan t: we are definitely seeing more. we saw these yesterday, but today, you've got unicredit may be being interested i the italian government about a 6% stake in the world's oldest bank. unicredit is quite rightly saying, wait a second, this is going to dilute our capital, so we need guarantees. that will be quite a difficult deal to transact. and thethat bad debt outlook continues to deteriorate , so what are you finding right now? does it point to the right number? they definitely didn't expect to lose as much money as they did in the last five years. lisa: shares has priced in a lot. some people would say they have christ and armageddon. hsbc shares have fallen the slowest in more than two decades. is this a sort of indication of further gains ahead, that basically they have priced in th

. >> coming up a conversation on how technology is being used by the barclays modern movement and other activist groups, that is coming applied at 2:00 p.m. eastern in the u.s. senate is back today at 3:00 p.m. eastern, senators will debate the nomination of the u.s. district judge for california, watch live senate coverage on c-span2. >> joining us from pittsburgh is the author of the great revolt inside the populace coalition, the american politics, she's a contributor to a more other publications of the washington examiner and the new york post in a cnn contributor, we thank you for being with us. >> thank you so much for having me. >> let me begin with a piece that you wrote a few weeks ago, were seen more demonstrations in chester new york after the death of daniel crude in kenosha, wisconsin, my question based on reporting, how are these riots and demonstrations playing out in states like wisconsin, pennsylvania, ohio. >> as we know there is a difference between it or when something turned into destructive or disruptive to people's lives, i think a lot of people are very supportiv

tom: we talk to the fancy people, and we have barclays and the other fancy banks. you see in the rest of the united kingdom? tavern down lexington avenue with small business crushed? jonathan: i think everyone is excess about the future to different degrees, and i don't want to get into that game of divide the population from one segment to another. i think for many people uncertain about the future, when you have the kind of restrictions the government is putting back on the economy right now, especially for the hospitality business, there will be many people worried about their future and their jobs as well. the return to work is a big issue for the city of london and cities across this country as well. if people are going to stay at home, there are services in the city that won't be required in the same way, and there will be layoffs. we had an income crisis in spring, and governments around the world stepped up and offset those losses of income. what we didn't see, and what many people thought we might see , was a balance sheet recession or people start to pare

you have the bloomberg barclays index, j.p.n, and now, you have the ftse russell world government bond index agreeing to allow exposure and inclusion of chinese government bonds in its index from october of 2021. in terms of inflows and what that means, morgan stanley protect you could see an increase or inflows to 90 billion u.s. dollars from next year on the back of this. already, since 2017, you have seen an increase in 40% in terms of foreign inflows into china's bond markets. you have a total of 380 billion u.s. dollars in holdings of foreign investors in the chinese bond market here. a lot of that is down to the yield story so you have 10 year government yields about 3% and that compares to 60 basis points for the u.s. ten-year, so that yield premium is at a record. the yuan has been relatively stable and that makes the environment more attractive as well, but no, it is worth pointing out foreigners only account for 3% of government bond holdings on the mainland in china. there is still a long way to go. it is a step in t

it's companies from astrazeneca to bmw to barclays and capital one to barclays. their arms around spending, digitalizing it, controlling it this is a huge market early days of bringing people to the digital world. >> we spent a lot of time working and looking at commerce and labor data those are updated once a month i don't know how they get their data i got this business, coup business realtime that shows that things are getting better in the country. >> that's right. we saw an uptick in retail we saw an up tyke tick in finan services and labor and different methods of rate and shipping since the pan dedemic it and started to rebound and saw significant decreases, greater than 50% decrease in the category of hospitality for example. significant decreases in telecom because people work from home. i invite your viewers to go to spend.index.com. it's a real leading indicator to spend sentiment and it takes into account a lot of leading interesting data how long does it take to approve spend? average spend per employee very powerful. >> if i were not government, i w

barclays is waiting plans to move u.s. headquarters to hudson yards.r around half a million square feet of space. barclays bought the building when the investment bank collapsed during the financial crisis in 2008. ashaad: president trump defending -- president trump is defending telling bob woodward he intentionally played down this affair ready of the coronavirus pandemic. the president standing by his inments, which were made june and july. >> i am a cheerleader for this country. i love our country. i do not want people to be frightened. i do not want to create panic. i am certainly not going to drive this country or the world into a frenzy. we want to show confidence. we want to show strength as a nation. that is what i have done. we have done very well. the president of the united states has admitted on tape in february he knew about covid-19 that passed through the air. he knew how deadly it was. it was much more deadly than the flu. he purposely played it down. worse, he lied to the american people. he knowingly and willingly lied of the threat

it's been at least an hour at barclay center of chanting and we began marching maybe half an hour ago. several groups but it's loosely organized. >> i appreciate it. be careful. we'll continue to check in with you throughout the night. this just in from police in louisville. one officer has been shot. they aren't providing any additional details, as our reporters have been indicating with jason carroll and shimon prokupecz. they had heard at least a shot. perhaps, more shots. also, some fireworks. and we saw police moving in just in the last few minutes, in some areas. particularly, around a highway and an overpass. the police say we will update when we can. another statement from the police. we'll be right back with more from louisville and new york and washington, d.c. we'll be right back. g. and at fidelity, you'll get planning and advice to help you prepare for the future, without sacrificing what's most important to you today. because with fidelity, you can feel confident that the only direction you're moving is forward. ♪ ♪ only lexus asks questions like these, because we believ

the giants said barclay torn his acl.lock went down with a shoulder injury and christian mccaffrey suffering and an kill injury the san francisco 49ers had a lot of injuries. three of their key players including garoppolo in their win over the new york jets james white did not play on sun night after learning about the death of his father. he was killed in a car crash in florida on sunday afternoon. white's mother was also in car and in critical condition. tweets poured in from around the nfl including from his information wisconsin teammate russell wilson and tom brady >>> a golfer makes whistle his u.s. open win. >> the clock is ticking but there may be a last minute save coming for tick kk tok in unite states unlimited for only $90 and get 2 iphone 11's or 2 iphone 11 pro's on us. all on t-mobile's most powerful signal that goes farther than ever before. hurry into t-mobile now and get two iphone 11' s or two iphone 11 pro's on us. only at t-mobile. want to eliminate odors without heavy,overwhelming scents? we get it.

let's speak now to stephen barclay, the chief secretary to the treasury.nge in focus from that initial first phase where through the furlough, we put into the peak of 8 million or 9 million jobs, people staying at home, once we build capacity and protected our nhs to the next phase where we recognise we will be living with this virus for a longer period of time than initially thought and therefore we need to take more targeted measures, rather than the people being at home for a very long period of time, to start to bring people back into the labour market where we can and where that is not possible, then focus very much on the skills combat training on how we get them into otherjobs. tell me, i was looking at some statistics, the office for budget responsibility estimates unemployment will pick it 13% next year, that is just the latest forecast, meaning 4 million out of work. institute for fiscal studies says more than 2 million people could lose theirjobs by the end of this year. frightening numbers. when you speak about what jobs are viable, how many fe

this is what stephen barclay, the chief secretary to the treasury, told us earlier.e between both the protection ofjobs, but the longer term affordability from a wider economic perspective, and that's why the chancellor set out more targeted measures at those jobs that are viable, but alongside that has a package, a plan forjobs, to enable us to retrain, get the skills support in to boost those sectors of the economy that can grow, particularly for example through infrastructure investment, in order that we protect those jobs that we can. we are being honest that won't be everyjob, but it's important people aren't out of the labour market for extended periods. stephen buckley saying quite honestly that the government could not protect every job honestly that the government could not protect everyjob and certainly there are questions remaining about what happens to those people working in sectors and businesses that are still completely closed because of government restrictions that are in place. the chancellor rejected the idea of a targeted furlough scheme which is

barclays and lloyds are among the lenders haveve contacted retail and business customers about the pending changes. they say that if the u. k. and you don't reach a trade deal by the end of the brexit transition period. they will no longer be able to offer financial services to them. but facebook is preparing for possiblble chas and violent unrest. after thehe us preresidential elections. the head of the global affairs for facebook told the financial times. the social netwtwork has plans in place to restrict content in sucuch an event. the company and other onlinine platforms are facing scrutiny over the how thehey policice a d control. the spread of misinformation. in the run up to that high stakes vote. on november the third. mark thihis is a r really dire scenario beig outlined by that facebook executives being i could of course by other observers about really acknowledging the role that social media has to play especially in this election indeed in the house to be held responsible that's key to the mattress and a cake. thank you very much we can we do with all the business great to see

of the protesters in louisville kentucky meanwhile several 100 people have gathered outside the barclays center in brooklyn new york chanting we want justice for brianna the mayor of little imposed a 72 hour curfew on wednesday police have cut off access to downtown and set up barricades and fences around the buildings of course again these are live images coming from new york this is a situation that we expect to develop as the night continues of course our news is on top of it and we'll keep you updated as we get more information and. more covert curbs are on the way in france with some areas of bearing the brunt of more than others are paris correspondent explains after a short break this is our international. join me every week on the alex salmond show and i'll be speaking to guests of the world of politics sports i'm showbusiness i'll see you then. go back this is our to international now the french health minister has announced a range of new containment measures against of the corona virus including the complete shutdown of bars and restaurants in 2 regions the country has seen ca

taylor—brown went off first — she handed on to barclay izzard, who'll be followed by the former european in second at the moment. it is all very close right now, but the united statesjust moment. it is all very close right now, but the united states just in front. you can watch it live on the bbc sport website and app. that's all the sport for now. i'll have more in the next hour. germany's foreign minister has said the eu will discuss possible sanctions on russia over the poisoning of alexei navalny if the kremlin does not provide an explanation soon. german experts say they have evidence mr navalny was attacked with a nerve agent developed by soviet russia. the russian opposition leader is in a coma in a berlin hospital after being airlifted from siberia where he fell ill. earlier, i spoke to tobias ellwood, the former foreign minister and chair of the defence select committee and i started by asking him what action the international community needed to take now. well, the first thing is that the outside world must pay attention as to what russia is up to, because this is all symbolic

barclays is considering replacing the headquarters in times square.king about $half a million square feet of space. the high profile, financial and tech companies to offer office towers. but it was many employees still working from home. that's your bloomberg business flash. matt, anna. anna: laura, thanks very much. laura wright here in london. today's u.s. stimulus vote is set to test republican unity. he the party facing pressure. the democrats expect it to cost between $500 billion and $700 billion. the european rate strategist is still with us. your focus in your. i know you you cast your eye across the atlantic. what do you expect to see furrer fiscal stimulus as we head into the winter coming through from the u.s.? >> thank you. so yes, i mean, this entire fiscal deal has been talked about since a couple of months. we've had these hard numbers varying from $1 trillion, to $3 trillion. they're looking from 1.5 to 2. given the it makes it harder to bring forward -- effectively right now. but you then -- like you said 500,000 billion deal coming t

that is the advice from barclays to staff to return to working from home.ds of the world's population. this is not charity. it is in every country's best interest. we are seeing —— we sink or we swim together. but together doesn't include the usa, which is working on its own vaccine, americans first. hundreds of millions of doses will be available every month and we expect to have enough vaccines for every american by april. america's absence shouldn't be a surprise. the us is leaving the world health organization because it claims the organisation is controlled by china. but china isn't involved in covax either. it is currently testing its vaccine on the military, while russia starts a mass vaccination programme next month. both have raised concerns about cutting corner to win the race, neither are on the list of vibe seens that reached the stage involving widespread human testing. think there are moral applications in not providing vaccines to the world's citizen. there are political ramification as some countries like russia use it as a political tool. i

and a new york city thousands gathered outside of the barclays center in brooklyn where they staged a die and before marching over the manhattan bridge into the city where tensions grew. the protests come after a grand jury declined to charge 3 police officers with directly killing briana taylor on march 13th the officers broke down the door to her apartment while executing a no knock warrant looking for suspected drug dealer. brianna's boyfriend fearing an intruder was breaking in shot one of the officers in the leg and that's when the officers fired multiple shots killing briana former officer brett hankinson has been charged with 3 counts of one ton endangerment in the 1st degree this charge does not charge him with brianna's death but for recklessly shooting into a neighboring apartment and endangering the lives of others hankinson quickly booked and released and $15000.00 bail and instagram post from briana sister reading sr i am so sorry protesters on the ground reacting to the decision to not charge anyone for brianna's death with anger and disappointment. thank you. again than

. >> barclays and lloyds of london encourage employees to work from home goldman sach has told us theffice remains open to essential workers but masks must be worn joining us now, robert great to you have with us let's talk about the pmi confirming the recovery. what do you make of the continuing numbers this is before the pmi learn about new restrictions the potential will last for several months and potentially be scaled up if cases don't slow one might also ask how brexit would move in here the second thing is that pmis have been poor measures of growth we peaked out 58-59. this is not high enough. 55 on the pmi is below trend this is significant slowing. >> let's talk about the economic cost before we came out to you, i was flagging the different banks in london who already changed the policies to working from home. we are now looking at the hospital at how much of an impact will that make in the growth recovery? >>. >> one-third has come from growth in retail about 3.8% growth contribution last month from those sectors. this is not an inconsiderable restriction here the broader p

barclays management cio. thank you for joining us. market reaction to the new u.k. restrictions next. we certainly see that the ftse 100 and the cac and the dax are all bouncing today, but this is all really catch up for yesterday. the european equity market priced in a lot of the restriction increase in yesterday's session. now, we are catching up with the u.s., but u.s. futures dewpoint to the downside, so bear that in mind. this is bloomberg. ♪ anna: welcome back to the european market open. 10 minutes into tuesday's trading session. european equity markets rebounding after the dire losses of yesterday. more than 4% down on the dax. we rebound a little bit from those lows. monday of concerns about the lockdown, the extent to which we will see lockdown measures. picking up on the u.k. we don't know what lurks beneath the furlough. what are the various futures you are planning for in terms of the unemployment story? is a major concern worldwide at the moment. obviously, lots of governments are taking very different routes into how to

barclays updated their 2020 oil call by two dollars a barrel.e we have bolivia coming back onto the market, iran could be a big deal next year as manus has been talking about a number of times last week. if there was a joe biden presidency. what is your outlook on oil? if joe biden wins, you should buy commodities with an arm and a leg simply due to the fact we will have less geopolitical tensions. as a base case you should buy emerging markets and commodities as much as you can. i also think the story we just discussed is a sign of that. you, can youask disclose what you're modeling, what you think -- we look at the deya --ut inside nor nordea, how are you preparing for the two-way risk? talk us through your thinking on the risks as we go to the selection. -- this election. >> if you talk to clients in northern europe, no one wants to bet on a trump victory. that obviously means the market is probably positioned for a biden victory already to a certain extent. we could see emerging markets have started to perform the recent months. probably as