the focus is on the mayor of london, boris johnson. there you can see the guardian. johnson comes out for brexit. the wall street journal european addition saying that london now backs brexit, and that independent headline "out for himself," saying that boris jensen is moving against the prime minister, david cameron, who after all did come back from brussels with a deal. a special agreement for the u.k. that is the buzz about the whole shenanigans in terms of the brexit. claire: boris johnson is campaigning to leave the e.u., even though debbie cameron managed to get concessions from other e.u. leaders. seen in the be daily telegraph, the paper he often writes for. it is also known as the "tory -graph" for many. he will be taken as a green light for federalism. he says britain needs to be supportive of its allies, but follow the advice of winston churchill, which is about europe, be interested, be associated, but do not be absorbed by your. -- by europe. by borise other quotes johnson is, "do not hug the skirts of the nurse in brussels." critics are saying cynically

who would've thought boris johnson could have such an effect on the foreign exchange markets. indicating rate it is that boris? richard: i think boris is a part of the broader source. even within the cabinet, i think a vast majority of the cabinet will vote to stay in. it is not unanimous. boris is a big figure it you look at the -- the big dashboards is a big figure. hans: richard, i am looking at the pound dollar, pound euro. we are seeing big moves. walk me through the moves. it wasn't priced in last night. is it just more volatility? richard: i think it is a bit of both. volatility has been rising as of late. shameless plug, i wrote a piece of the weekend saying i think that is the big thing that is going to characterize the next four months. sterling volatility will remain high. the pound opened much lower in asia. liquidity perhaps not the same. that was exaggerating factor for higher?a going to go richard: i don't think it is going to push a lot lower. your volatility dips, you'll see people buying those dips. 16 weeks to deal with in this campaign. there is a lot of roo

we have heard from the mayor of london, boris johnson. how do you think this campaign is going to be fought. is it going to be fought on the fear of economic insecurity? won some concessions, but he seems to be blinded by migration. charlie: one would hope that people vote on a pragmatic basis. if people vote on some side i would other matter, hope that the british population is more intelligent than that and they will vote on what they are supposed to be voting on, which is this reform to the eu package. if they do not vote on that, that is a problem. think the british public is quite pragmatic and i would assume they will vote on what they want to vote on. anna: it will be interesting to see how the politicians involved tried to put distance between that and the other issues that are circulating around this. thank you very much. charlie stays with us. withll be talking brexit the u.k. foreign secretary right here on "countdown." manus: today is pmi day across the world. france, germany, the eurozone, and the usa. anna: and bank of engla

reporter: many see boris johnson's position as not only increasing the possibility of a brexit but a calculated political maneuver for number 10 do you think -- downing street. many believe that if great britain ditches the e.u., johnson could be prime minister. >> what i think is people will focus on the issue that really matters. that's the one that will be put to the people of this country in a few months' time and that's whether they want to remain in an institution that has become much more ambitious and vastly more influential over every area of the lives and people of this country. reporter: at the moment, polls show the campaign to stay in the e.u. is ahead but success or failure on june 23 may lie with convincing the large number of voters who say they're still undecided. brent: let's pull in our correspondent who's been on the story all day, joining me from london. good evening. what are likely to be the key arguments? what will be the decisive factors here? >> if you look at david cameron's speech today, i think he's given away what he's going to campaign on. most important

ahead of that, boris johnson said he will campaign for the eu with the british exit. the financial times is reporting almost half of the big bosses support cameron. check out the british pound, after the boris johnson endorsement the brexit came out, it took a sharp fall. biggest decline in the last year. it's been declining for the past months. it's been extremely volatile. my question is, wilfred, you're an expert, after david cameron finally got the deal out of brussels why is there more nervousness about the debate? doesn't that help him? >> well it does. actually, the deal he got from brussels doesn't swing most voters' minds it just confirms that he can set the date for the referendum. the weakness is that we have a date set, june 23rd. it's very hard to seat pound rallying ahead of that because of the uncertainty that it will bring. we should say opinion polls have the main vote better than it's done for quite some time. that seems like a big gap. i'm sure that will narrow. the other point to note, not just on the british side of things if we do get a brexit se

london mayor boris johnson is defying the leader of his own party, prime minister david cameron. n mclaughlin reports, the decision was not an easy one for johnson. >> reporter: boris johnson's arguments very sympathetic to how many people here in the yound kingdom feel, that membership of the eu is e rosing britain's sovereignty in key areas. he also had some very strong words for the european political project as a whole, saying, quote, it's in real danger of getting out of control. it's a position that he said that he's held for some time, that he's written papers on it. so perhaps sunday's announcement comes as no surprise. >> after a great deal of heartache, i don't think there's anything else i ask do. i will be advocating that we leave because i want a better deal for the people of this country. to save them money and to take back control. >> reporter: boris johnson is an extremely popular conservative figure, and he's seen to have sway on this issue. other co according to a recent poll, a third of the people responded saying that they could be 0 influenced by boris johnson

mayor, boris johnson, backed the brexit prominent push by david cameron to stay in the e.u. that led the pound to fall andnst the british dollar the euro. dollarg fell against the to a near seven-year low. the currency has already surrounded more than 4% against the u.s. dollar since january. jane foleyspoke to from rabobank to learn how significant the drop was. large andreally very the biggest one-day move since dayh 2009, and that on a when the dollar has been finding its feet, as well. it's starting off, as you say, really reflection that potentially on the cusp of a change in the political movement for the u.k. we're looking at about 190 days until the referendum. this will be in the headlines won't go away any time soon. will this be a rough few months ahead? >> it certainly will be if we look at volatility. ofatility, just a measure how much sterling moves in any multi-yearose are highs so huge amount of movement and huge amounts of volatility predicted over the next few months and i think the market will really focus on opinion polls in the next few weeks, gaugeew mo

their message to boris johnson is -- well done, but watch your -- watch your back.laire: getting a lot of coverage here is that migrant camp. >> yes, they talked about it -- the endless jungle camp. there is outrage. you make it disappear without ?olving the problem it's a mirage. withtially an appeal knowledge on the conditions in the micro camp. and it sums up the situation quite incredibly. authorities here on the stage in front of the media. abracadabra. when i see it -- when i say that, the curtain rises, the jungle disappears, but behind that curtain there is a very violent fiction taking place. claire: francois hollande wrapping up a trip to indonesia. ticky,arely talk about but you can see a photo taken during his visit, while he tastes local specialties. it was not all fun and games. the president addressed the thorny issue of the new french nuclear test in the south pacific from the 1960 cost of the 1990 process. and promised more compensation for the area. and that's right, take your front page a lot. and the prime minister has threatened to steamroll thi

this morning after london mayor boris johnson backed a brexit. let's it to mark barton. boris has moved the currency market clearly. this is sterling against all 31 of its major peers. the russian ruble, the best-performing out of the 31. the euro is the worst performer against the pound. still, the euro is up 1.3%. everything will currency out of the 31 is rising against the pound. after boris johnson said he will tap it in for your desk for britain to leave the -- for europe to leave -- the bloomberg correlation weighing the currency indices. and measures the pound against all of the big major developed trading peers. , thean see sterling today one-day performance is down 1.6% it that is the most since january 2015. the bloomberg pound correlation currency index is down to its lowest level since january 2015. this year, the gauge has fallen by over 4% at the biggest annual drop in a number of years. brexit fears unsettling currency. this is a great gauge to gauge volatility and currency pairs. this is the euro pound currency pair. this is implied volatility. this is tel

boris johnson is the big figure in favor of leaving the eu.k at the economic arguments, there's a lot of uncertainty. mark: make a case for staying in. let's turn this on its head. dynamic.will remain it will achieve a strong economic performance whether britain votes to stay in or to leave. is there an economic case to leave the european union? >> we think the u.k. should remain in the european union. the people associated with --ving well julie: julie: will outweigh any benefits from leaving. thate who would advocate would hope business would lighterfrom a regulatory burden. we laid out three scenarios in this report. comeople vote for brexit on june 24, people get what they want, they should be happy and we should have a confidence boost. we see big risks to that scenario. mark: the bank of england, despite your projection for sterling declining 15% will hold interest rates. why wouldn't they be raising interest rates? there will be huge push up to inflation. >> we have two potential scenarios. one in which a sterling falls to that degree a

. >> cameron is going up against the popular mayor of london, boris johnson.e has come out against the seating in the eu and is still answering questions at the house of commons. we will bring you the latest headlines. accused of killing 16 people in michigan will be in court today. they call the killings random. getpple wants congress to involved in the dispute over unlocking a dead terrorist iphone. apple is resisting a court order to help the ip with the phone, with the company saying today that the government should withdraw the court order and the congress should form a commission to discuss privacy and personal freedom. they say that helping the fbi would create a dangerous precedent. global news 24 hour days prompted by our 2400 journalists and more than 150 news bureaus around the world. mark: thank you. european close. we will take you straight to barcelona, and hear from the deputy chief executive from one of the world's largest telecommunications companies. ♪ mark: live from london and new york, this is the european close. time for the bloomberg bus

the mayor of london, boris johnson, has backed an exit yesterday, saying he will campaign for britaino leave the european union. take a look. johnson: i did not want to do anything. the last thing i wanted was to go against david cameron or the government. but after a great deal of consideration, i did not think there was anything else i could do. leave.be advocating to because i want a better deal for the people of this country, to save them money and to take back control. stephanie: this of course is in opposition to the u.k. prime minister and conservative party leader, david cameron. let's bring in simon kennedy, joining us from london, and of course, jon ferro, who has just moved here from london. he has got to weigh in. brexit referendum is going to dominate media debate over the next 124 days. he finds it appalling. what do you think? i think he is commenting so far on the level of discourse, which has to improve now. we have the deal, and now we go forward. hopefully with a high-level debate about the future of britain and the european union, whether it stays, whether it goes,

politically, at least, with david cameron one side, and boris johnson on the other.or the business community, though, it's more difficult to work out who is going to win and who is going to lose. half of the ftse 100 ceos have come out and signed a letter saying that they think business is better off being part of the eu. they say it's stronger, safer, and better for business for britain to remain a member of this european bloc, having said that, that still means that half of those ftse 100 businesses are not saying anything at this point. one of the issue just worth bearing in mind, the pound has had its biggest decline since 2010 on the back of boris johnson's declaration. that, at least, will be good news for the exporters. back to you. >> wow, jeff cutmore live from london. thank you. >>> time now for sports. and we begin with nascar's chase for the sprint cup. to daytona beach, florida, for the season opener at the daytona 500. and the great american race would come down to the final inches. drivers denny hamlin and martin truex jr. in a dash to the checkered fl

it's titled "boris johnson is wrong, parliament has the ultimate authority." brexit debate. the author writing, to take back sovereignty can be to surrender control, high on the list of british interests today would be the security of the european continent. these interests are best pursued through alliances. boris johnson coming out this week to really highlight the issue of sovereignty as why he's opposing membership, favoring an exit. what i wanted to add to this as well, whether or not boris johnson's right about sovereignty, it's the correct issue in my eyes for him to focus on to garner support with voters. the kind of approach of focusing on immigration. that doesn't swing the swing voters. i think the people that focus on that issue, they've already decided they want to the exit. boris johnson correctly is going for the jugular on the key issue that really affects most people and may swing people either way. >> and we had an editor on "squawk on the street" tell us that boris johnson is more popular than david cameron, which i didn't realize. >> i don'

the boris johnson is became the highest supporter of the campaign. member, he's a conservative, right. johnson declared his backing of a british exit along with six other cabinet minister. >> i decided after a huge amount of hearttaking, i did not want to do anything -- the last thing i wanted is to go against david cameron or the government. but after a great deal of heartache i don't know what i'll be doing -- that leave or whatever the term is called. i think that is definite definite, because i want a better deal for the people of this country. to save the money and to take back control. >> well, adam cole joins us, global held of fx strategy and markets. is this going to be a tough one for prime minister cameron now, adams as he goes out and face a pretty divided cabinet to try to get these ministers to back him and get out and rally on the yes we want to stay call. >> yes, i think this is going to be the most important single biggest driver in our market for the next four months. i think the rise is clear with the uk exit through fairly positive

in what was seen as a major rebuke to prime minister david cameron, the london mayor , boris johnson,ecently declared his support for the brexit. he said remaining in the e.u. would lead to an erosion of democracy. joining me is john micklethwait. he is the editor in chief of bloomberg from 2006 22014, he was editor in chief of "the economist" magazine, which is where i first got to know him. i am pleased to have him back at this table. welcome. john: i am delighted to be associated with any erosion of. -- of democracy. charlie explain this to us. : john: the british have long been in the state of angst about europe. cameron decided to offer them a referendum. huge debates about whether he should have done that. that is the starting the british point. have not voted this since the 1970's. i think there was a lot of pressure on cameron to give them a chance to have another say on this. it has been building and building, particularly within the conservative party. david cameron and the conservative party. within the conservative party, the easiest way to think about europe is it is roug

one of the country possible popular politicians, london mayor boris johnson says he will campaign forto leave the e.u. a national referendum will be held in june. johnson is among the favorites to succeed cameron in the next election. marco rubio and ted cruz are casting themselves as the only candidate who can keep donald trump from burning the republican presidential nomination. trump scored a decisive victory in south carolina, followed by rubio and crews. saturday's results prompted jeb bush to drop out. the next test, the republican caucuses in nevada. tom? tom: bloomberg politics through the week, getting you ready for super tuesday. texas, georgia, tennessee, urging you, alabama -- with a southern field, you wonder how donald trump will do against senator cruz. we move forward to super tuesday. let me get to a data check. we have been through it this morning a couple of times. next screen,, please. almost back to normal. that are equity -- better equity. flattening below 100 beeps earlier, that is interesting. hintz about to brad this. francine, what do you have? francine: i be

and they are talking about david cameron versus boris johnson.e: it has resulted in interesting cartoons. it ise independent," unclear who is hunting whom. boris johnson and david cameron both hunting each other down, both depicted as elephants. according to this cartoon, you can see the caption says "only for whole month of this to go." claire: you left out a word. florence: i left out a word i probably can't say. claire: we are going to end with news about silvio berlusconi. florence: we have not heard about him in a while and he has come out as a vegetarian. this is all over the italian press today. i love this photo of him. claire: if you are friends with animals, you couldn't eat them. florence: that's his argument. he says, why let animals suffer? this is following a growing trend in italy. 8% of italians are vegetarian now can that is huge compared to what it was a couple years ago. this lifestyle change will put berlusconi an in the company of da vinci. will he adopt feminism or maybe even abstinence? claire: one thing i'm sure of -- we w

minister cameron is going up against the popular mayor of london, boris johnson, who has come out against staying in the eu. hedge funds managers stanley druckenmiller is backing john kasich for the presidency. in an e-mail, he says for state -- michigan, california, new york, and pennsylvania -- can give john kasich a path to the nomination. he says that the idea that marco rubio the most electable republican is "misguided." he has one of the best investor track records in the past three decades. michigan governor rick snyder under indictment for failing to to turner documents -- over documents. a elijah cummings want to be compelled. a petition to recall the governor has cleared a major hurdle after failing five attempts. chief justice john roberts is remembering antonin scalia a as he irrepressible spirit." called scalia "our man for all seasons and we will miss him chair measure." scalia's will remain draped in black next month.l global news 24 hours a day powered by 24 hundred journalists and 150 news bureaus around the world. back to you. the selling from january takes a breather. h

does it really matter how many people moved over to the boys just inside -- boris johnson side?he is one of the most recognizable politicians in the u.k. >> we have a chart that shows the odds of the risk of a brexit. >> there does seem to be a very big risk of a brexit. ,otentially raising the risk because of boris johnson, focuses attention on this. as far as having a referendum date, this issue becomes a lot more tradable than it was. >> the possibility of a so-called brexit continues to weigh on the pound today. says thisf london requires planning. >> this will have a large impact on the market. this is obviously a global event, and might well have an impact on global financial markets. this has raised uncertainty. >> six month ago, we were talking about the possibility of a rate hike. hike isseems like a totally off the table for this year, but the probability of a cut now has risen, about way to percent for december. what will be see first? 2016, perhaps a relatively short order, we will see rate cuts. in the u.k., there is more room to maneuver. they can move without goin

who is boris johnson. you can see him in this clip we cut.d up at parliament today to ask david cameron for why he thinks uk citizens should vote to stay in the european union. >> the prime minister to explain to the house and to the country exactly what way this deal returns sovereignty over any field of law-making to these houses of parliament. >> this deal brings back some welfare powers. it brings back immigration powers. it brings back some bail out powers. to those that worry that somehow if we vote to remain in, the consequence could be more action in brussels to try and change the arrangements we have, we have a lot in this house of commons, no power can be passed from britain to brussels without a referendum of the british people. >> joining us now to discuss is tara palmieri, reporting on european union politics for politico. great to have you here. what is the view from brussels. are they worried more about the uk actually leaving or they worried about the fact they have given the uk special exemptions, a lot compared to other coun

boris johnson threw his support behind the exit from the eu.avid cameron hit back. >> this process is not an invitation to rejoin. it is a process for relieving. -- for leaving. i have known a number of couples that have begun divorce proceedings, but i do not know any who have begun divorce proceedings in order to renew their marriage the house -- vows . guy: today, it is mark carney's turn. how will brexit risk influence the boe? of --e the head saidtime you were on, you you are expecting a bit of a bounce back as a result. what did yesterday due to your thinking? >> that certainly changed it. i would highlight in the short-term. if you go back to friday, you see what sterling did ahead of the deal that was done in europe. sterling actually rebounded strongly. it was monday again that it was reversed. the key point is uncertainty. at the moment, we have uncertainty. paribas, the market shorts sterling. one of the biggest shorts since 2008. remember, the market is not going into this event with neutral positioning. it has a strong buy. there i

the news about boris johnson was almost bound to give it another like lower.a big leg lower. sterlinghas been sterling sterling in the last 24 hours. what to the risk of a brexit mean? it has priced out the first type right over the horizon even as the data has not deteriorated at all this far. therefore there isn't much to hike about. the first hike isn't going to come materially sooner until we know how the referendum plays out. of the market is primarily watching sterling for signs of how the referendum is impacting momentum. vonnie: what happens to guilt from here? 39% of bonds are yielding negative and we have mario draghi to consider as well. will brexit ea major -- be a weighing factor on them? >> we are slightly bearish. we think yields have fallen a bit too far everywhere. we not going to see a resolution and more confident part until we get through this referendum and , whethers in brexit that ends up being a good or bad thing, it is clearly going to assure in a lot of uncertainty which is likely to keep rates on hold for a very long time. so the fro

his speech this morning came after boris johnson became the highest profile figure to campaign for written to quit the union. that sent the pound plummeting. the argument that britain is eu, theff in the referendum is on june 23. a police commander in afghanistan -- killing at least 13 people including nine civilians. local police were among those killed and another 19 people including civilians were wounded. the taliban has claimed responsibility. a swedish think tank says global arms exporters increased 14% during the past five years. the u.s. is still in the top position after sales grew 27%. biggest exporters, china and russia, also grew. the u.s. and russia supplied a total of 58%. a team of the cdc is starting work on a case-control study on the zika virus. they want to find out if it to be does cause babies born with devastating birth defects. the study kicked off with a training session in brazil in the northeastern region, the epicenter of the outbreak. black,y chair, draped in will greet the supreme court justices today. they are back at work for the first time since the death of

charlie: who will be the crazy dreamers >> boris johnson -- back in terms of joining the euro zone, of big british banks and various people came out saying it will be better to join euro. they were wrong. now, which ising really interesting, the reason why everybody pretty much -- well -- this is about the west as well as britain. that's incredibly important. if britain leave, it's bad for britain. it's probably bad for european. balancet have this exact. you got dynamic economy in europe. see all of these other problems coming back. there are other things to do with security. gather together. there's a reason for americans to worry. charlie: if europe acted, it would be the largest economy in the world. is the largest economy in the world. but it's not in terms of the clout that comes with that, the divisions within it. he once told me about a meeting the old days when they sat around the table, the germans.french and delore the great man who pushed it forward. he turned to the belgians. he said you have to do this. persuadebility to anybody to do anything for europe is much less. it'

david cameron has echoed the message and boris johnson says that he will campaign for a brexit. trades are dependent on with europe and not all of the jobs would go if we left the european union. put ouran we really hands on our hearts and say that the jobs will be safe and that we would not be disadvantaged? i do not believe that we can. >> there will be people who try to spread alarm and anxiety and there was much with the decision to decide to join the euro. and, there have been vindication's with all those same people being wrong. -- vindication, with all of those same people being wrong. take a look with another session and oil prices have been weakening, with brent and just above $33 a barrel. the saudi arabian oil minister ruled out a production cut alongside russia and venezuela. saudi arabia has been pushing for a freeze. speaking in houston, at an oil conference, the saudi oil minister says it will not translate in a cut in production and, as prices have been weakening, we have been seen the prices go lower with energy shares as some of the biggest laggards, dragging t

many people see boris johnson as an electoral asset. ey point that he is a charismatic politician, won two elections and he speaks with authority and thing say that is a reason. he said he would welcome mr. johnson's intervention on behalf of the leave as it were. it's important to note that mr. johnson has said he will not appear on the same platform. it's not a question of whether this is a seismic jolt to this debate or whether actually mr. johnson in some ways trying to position himself for what follows after june the 3rd. the conservative party has splits in the cabinet certainly. another leading candidate member of david cameron's cabinet has come out with a very detailed statement of his beliefs about this. gove and forest johnson over this weekend. both of them divorcing vote leave. fridays on friday. >> listen 100 nationalist after the abilitivists set up tents. others have been rallying there. thousands also gathered in index square this weekend to mark the second anniversary of the 2014 maiden uprising more than 100 people die

. - boris johnson. not that well-liked outside london. >> it is hard to judge however boris johnson whom voters know by his first name. he's the biggest scalp for the leave campaigners. he'sroblem is, of course, facing accusations he is going to the 20 leadership -- to the tory leadership. that's slightly damages his brand. the problem for david cameron is not just boris. seven members of his cabinet are now campaigning against brexit. francine: it means david cameron may be very confident about his position. within his cabin and he says, you can choose whether or not cabinet,- within his he says you can decide whether or not you are pro or against. >> you have got to remember there was a lot of debate as to whether or not to get people a free vote on europe or not. this referendum was initially called because david cameron was afraid of more defections. that soft the uk-- solved the ukip problem. francine: what to make a big business? a lot of big business wrote a letter in "the times." i guess it is t

boris johnson said that he will campaign for a brexit.mid this discussion, hsbc said that they would move 1000 bankers to paris if a brexit brexit happens -- if a brexit happens. when you talk about hsbc, it's really about the global footprint for the bank and it is certainly causing some pain. derivedhe revenue is from asia. hong kong and the rest of greater china. that used to be a good thing, that diversification. did the banks simply bet too much on one region? revenue that you mention comes more even than from other pretax profit and they want to expand further into asia. they are going to have to curtail those ambitions. every global problem that the economy is hitting is hurting the bank. whether it is oil, gas, or emerging markets. that's why they posted a loss for the fourth quarter. expect to slow down those ambitions for a bit. alix: what did we here that was different from hsbc? we saw someel: provisions. they were relatively low compared to rivals. right now the bank thinks that it is staring at dollars this year, so not a lo

i think boris johnson is being opportunistic. in terms of joining the eurozone, a lot of the big british banks and various people came out saying it would be better to join the euro. they were wrong i think because britain had the economy heading in a different direction. the reason why -- this is about the west as well. if britain leaves, it is bad for britain, but also bad for the european union. it will have france and germany pretty much left alone. you also have the most dynamic economy in europe which is britain. if it goes out, you will see other problems coming back to haunt it. charlie: if europe acted as a unit, it would be the largest economy in the world. john: it is the largest economy in the world. with that, divisions within it. charlie: and cultural divisions. john: it is interesting what you were saying about the political thing. ed boles is one of the advisors to gordon brown. he told me about a meeting in the old days when they sat around a table, the british, the french, the germans. the great man pushed somet

because of boris johnson.ut it is actually now having a referendum date, the issue is a lot more tradable than it was. alix: the possibility the so-called brexit continuing to weigh on the pound today, which is near its lowest level against the dollar since 2009. addressing lawmakers in london today, bank of england governor mark carney said the central bank is doing contingency planning. mr. blanchflower: this has enhanced uncertainty. so this will have a big impact on the markets. mark carney recognized that and said they will make plans. but this is obviously a global event and might well have an impact on global financial markets. this has raised uncertainty in the world's fifth biggest economy. alix: six months ago, we were talking about the possibility of a rate hike for the bank of england. i am looking at the function, wirp, for the high. now, it seems like a hike is totally off the table this year. but the probability of a cut has risen 22% in december. what will we see first -- a hike or a cut? mr. b

the effort was dealt a major blow yesterday when london's popular mayor and fellow conservative boris johnsone out in favor of leaving the e.u., what's become known as the "brexit." >> i will be advocating "vote leave" or whatever the team is called, i understand there are many of them, because i want a better deal for the people of this country, to save them money and to take back control. >> woodruff: johnson's announcement could increase the odds that britons will vote to leave the e.u. in a june referendum. but opinions were decidedly mixed on the streets of london. >> i just think that we'd be just better off on our own. i think, you know, we've been an island for a long time and i don't think we need to rely on other people. >> europe protects our employment rights, human rights and maybe they keep our government in control, to stop >> woodruff: leaders of other e.u. member nations, including italian prime minister matteo renzi, also criticized a possible exit. >> ( translated ): the consequences would be worse for british citizens than for european ones. we hope this will not happen, b

boris johnson said on sunday that he would campaign to leave the bloc.orld's biggest money manager is warning bond investors that they are not prepared or the federal reserve to raise rates. in january.% blackrock, which has $4.6 trillion in assets, says the fed is likely to move in 2016. a board committee reviewed the u.s. drugmaker. 58 -- on says about valley on says revenue should have been brought in subsequent period's. renewed talks for a cease-fire in syria will start on saturday. killed 260 thousand people and created a refugee crisis straining europe's borders. armed opposition groups who want to take part must confirm by friday that they will abide by the cessation of hostilities agreement. bloomberg, powered by 2400 journalists in news bureaus around the world. anna: we just got some breaking the french out of food company danon. therefore your earnings rising. yogurt profitability rising. the milk price has been one thing of late helping that business. sales beating estimates. the yearguidance for ahead, they see 2016 like to like sales up. i

but just hours later the mayor of london boris johnson dealt the prime minister a blow by announcingthe campaign to leave the e.u. >> we have a chance actually to do something. i have a chance actually to do something. i would like to see a new relationship based more on trade, on cooperation, but as i say, without -- with much less of this super national element. so that's where i am coming from. and that's why i have decided after a huge amount of heartache because i did not want to do anything, i wanted the last thing i wanted was to go against david cameron or the government. but after a great deal of heartache i don't think there is anything else that i can do, i will be advocating leaving. >> boris johnson there. still to come on the al jazeera news hour. the front runners start to emerge in the philippines election in a vote that will hopefully end decades of conflict. venezuela's crippling food crisis the government encourages people to feed themselves after an emergency is announced. and in sport, south africa are looking good ahead of cricket's it. 20 world world cup. sanaa

in what was seen as a major rebuke to prime minister david cameron, the london mayor , boris johnson,ared his support for the brexit. he said remaining in the e.u. would lead to an erosion of democracy. joining me is john micklethwait. he is the editor in chief of

ahead of that, a london mayor boris johnson will campaign to lead the eu.aking him the most high profile supporter of the brexit. almost half back cameron's stay campaign. they're signing a letter backing him. the british pound falling sharply against the dollar. the biggest decline since 2010 and european equities at this hour, you're seeing green arrows across the board as the dax will open up, has been open, 1.4175%. cac up and ftse 100 up. oil also getting a boost this morning. we should till, you can take a look at the price of crude on the screen. wti crude trading at 30-61. sticking with energy prices at the pump, they keep falling. the latest lundberg survey showing the average price of gasoline dropped 5 cents. to $1.77 say gallon. that's 56 cents lower than a years ago. but the survey said the demand for gas is rising which could lead to higher prices. >> did you believe what margaret thatcher said about the eu? and the journal always thought it was in the best interest of them to stay. interesting editorial today, the case for eu membership isn't

boris johnson, the mayor of london -- martin: i'm not only fighting with you, i am fighting with the w you'reow, brave, but this is an important topic. boris wants the u.k. to leave the eu. ac stoppable? yes.n: he sees this as a political opportunity. he has some concerns about britain in the eu the agenda is clear. the latest polls show about one third of the country is in favor of staying in. one third want to go out. the other third down now. if you look at the data, most of that third 2000 know feel uninformed and lack information. the nine-week campaign which is limited to 7 million pounds or $10 million on each side will be critical. i expect the vote to be quite close. it is an opportunity for those who believe in the future of written being in europe to express the case is a logical and coherent way. i think it is about trade, it is about employment, jobs, security . i think it will be a stronger, safer britain. frankly, the people who say they want to come out don't know. it is sort of the blackhole we are jumping into. we don't know. there is no clear agenda about how if we

this is boris johnson. way to think about this is that the underlying thist is liquid anyway at point in time. so many different currencies are moving in unusual ways, surprising ways, because of a lack of the quiddity. people talk about reasons for that. of thetalk about all different reasons for that but t,e point is, if you get brexi the biggest event for the u.k. economy for 50 years, in a anyway, it is liquid is dependent on external inflows then really going to 1.2 is not as spectacular as it sounds. the mechanics for how that can already there. i would like to point out that the pound is still relatively strong against the euro right now. we are still well below 83. simply realigning the pound with the euro, that is enough. we had a survey, we spoke to many ceos and a lot of them were actually having the consensus that if we did have brexit, it increases the chance of the u.k. having recession by 40%. is that right? shahab: i think that is fair. again, for a country where the city of london is the si

vonnie: you don't consider boris johnson to be a clear voice on the opposite side of david cameron?vid cameron has had his hands behind his back he goes he has not been able to say these are the benefits because he has to negotiate with the rest of europe. now that he's got that come i think we will get something much more articulate and clear. in europe.l stay sayinge have seven $1.20. if the vote goes the way of the leave campaign, how much further could the pound fall against the dollar? with thed not disagree consensus. you will see a significant selloff. at $1.55.e things you are creating jobs, you see a much stronger sterling if it wasn't for the brexit risk. you pose the question with brexit. mark: you will close out the rest. we have seen the declines. >> you do have clear risks with the brexit. it will be a minutia every day for the next few months. using most of this already happened. -- you have seen most of this already happening. does it change the equation for the bank of england? argument for an interest rate increase different? >> it is very difficult to be hiking in

are going to leave the european union, who do you trust more, prime minister david cameron or boris johnsonit's david cameron. joe: looking at the big picture, do you think ultimately david cameron got enough concession that as his campaign goes, he will be able to secure the votes he is pursuing? guest: i think he has achieved a good enough deal that he is able to go out and vigorously campaigned on the broader case for britain to remain in the european union, whether it's the benefits of being part of the largest single market in the , whether it is the guarantees of national security or being part of a bigger block when we are faced with new threats from russia or isis terrorism, i think that trying to make that bigger case for membership of the european union, which the prime minister has had to do, i think it ultimately will hopefully win. alix: if the country does vote for a grexit, what happens to cameron's job? guest: i think you would be forced to resign. alix: there we go. coming up, plunging oil prices usually means more consolidation in the sector by this time,, things are diffe

ever since boris johnson decided campaign, whatve are your thoughts?t is difficult to forecast sterling in the run-up to the referendum. it will be driven by headlines itself, but i think over all it could decline further, perhaps to $1.35, driven by the headlines, but i think it is interesting to note that the markets are still assigning a 30% to 35% possibility of grexit brexit despite the headlines itself. rishaad: let's look at the other current is. euro get any impact? >> it does have an impact, but overall the impact is not dominant for the sterling, meaning a bigger negative for u.k. compared to europe itself. perhaps this explains why the euro-sterling continues to climb even though we see increasing impact on the sterling as well as the euro against the dollar itself. rishaad: this is also contingent on what happens with the dollar itself. economichave clear cut good news coming through from the u.s., signs of inflation, but there are other things that are not that convincing. much is this inverse relationship between the dollar and gold at th

campaign, is it all about volatility -- doesn't really matter how many people turnover to the boris johnson's fight? one of the most recognizable politicians in the u.k. and his decision to support brexit has had quite an effect on the pound. jon: we have a chart -- is the brexit risk premium exaggerated? rob: we have been arguing for many months, it is something investors need to take notice of . events over the weekend are risk.ially raising the whereas now having a referendum date, the issue is a lot more tradable than it was. the possibility the so-called brexit continuing to weigh on the pound today. bank of england governor mark carney said the central bank is doing contingency planning. governor kearney -- governor carney: this has enhanced uncertainty, and that will have an effect on the markets. mark carney recognize that and said they will make plans. this is a global event and it might well have an impact on global financial markets. this is raised uncertainty on the world's biggest economy. alix: six months ago, we were talking about the possibility of a rate hike. now it seems li

. ♪ minister davide cameron has attacked london mayor boris johnson for attacking the british exit fromon. cameron dismissed the suggestion that a vote to leave the block britain.tter deal for david cameron: i believe that britain will be stronger safer and better off by remaining in a reformed european union. stronger because we can play a leading role in one of the world's largest organizations from within helping to make the big decisions on trade and security that determine our future. safer because we can work with our european partners to fight for cross-border crime and terrorism. and better off because british business will have access to the free trade single market green jobs and investment and lower prices. 80% of fiji remains without electricity after a cyclone came through. it has yet to reach some of the outlying islands. the national broadcaster says 29 people are known to of died in the category five storm. one of the most powerful reported in the southern hemisphere. fiji relies heavily on tourism and flights in and out of the main airport have now resumed. however scho

and the coalition should have been fighting sooner >>> london mayor boris johnson is breaking ranks. even though the prime minister opposes it. >> it's my view that after 30 years of writing about this, we have a chance actually to do something. the last thing i wanted was to go against david cameron or the government. but i didn't think there was anything else i can do. i will be advocating to leave. >> prime minister david cameron urged johnson to support staying in the e.u. the british people will vote on june 23rdrd. coming up, the fight for a college student's rights in india, accused of inciting rebellion, and attacked. this week's election of a new f.i.f.a. president begins a new era. issues like accusations of human rights - have they been addressed in we'll talk to an expert about it. stay with us. >>> welcome back to al jazeera america, here is a look at the top stories. a mass shooting in kalamazoo yesterday leaves six dead and two others wounded, including a 14-year-old girl. the 45-year-old suspect jason dalton is in police custody. he eingd adly car -- allegedly carry o

and britain's the sun says london mayor boris johnson's back, the sunday followed -- the sun followed that up with an editorial fef effectively endorg boris. >>> leaders of the tech industry are gathering in spain showing off their latest products at the world mobile congress. but things are a bit different. tarek bazley reports. >> the best mobile. >> it is the first android smartphone -- >> it is a hard sell these days. >> that's what lg 5 fantastic. >> for years, they have enjoyed increase in sales, smarter and smart he tones. but now the industry has gone through purr pressure. there there was always reason to upgrade. that started to diminish, you can get softer devices on your phones, the reason to upgrade is getting tougher. >> it is these that are the issues. dozens of handsets that are largely indistinguishable from last year's models. phone makers are unable to come up with smartphones with significantly new and different features, that means customers are willing to hang onto ones they already have. why not put the technology to other uses. if your dog has a ten dances to r

now they have boris johnson, a massive name recognition. >> is he more popular than the prime minister? >> polls suggest so. whether they think he's a credible serious character is more in question. he certainly is liked. he is certainly a popular figure. >> this view that cameron came back with a weak bag of tricks from this meeting, does that make sense to you? >> it does to a certain extent. his great failure was to lay the ground work for this. he let expectations get too high. when he announced he would renegotiate britain's membership to the eu, he talked about a new settlement, bringing back powers from brussels. the european union is many things, but responsive and fast moving is not one of them. now he's paying the price. >>> what about the ftse 100 companies are coming out and vocal vocally supporting him, does that hurt or help his case? >> i think it does help him. ultimately in referendum like this, voters like to err on the status quo. the london mayor has to prove it's riskier to stay in the european union than leave. >> what is the argument? what is really at heart of t