brex brexit, otechnical uk has a very large economy. but they have their own, it was isolated. this is really a terrible find for the euro. terrible. maybe that's what the bond has been about in the last two weeks. >> don't you think everything up until now is a terrible sign for the you're wrote? don't you there i the writing is on the wall for the euro? >> i think the euro reflects a big threat to the euro right now. >> i don't either. i think if you think of the sequence of events, we can be kicking it down the road. the second runup on may 7th is the event we should be focused on. we will not know. the polls are 40% difference. no way it's that wide. no way we finish there. i think it will be closer. >> that gives you a nice opportunity, though? you get the results and you think about things. at the same time, have you the possible government shut goundown, it could be a very treacherous week next week. >> it could, listen, there is a ton of events, a ton of event risk out there for markets. so what do you have to do in that particular situation? so one, you can buy puts if

particularly to the extreme brex brexiteers in her policy. they are assuming a far bigger majority, which means that she has not only a mandate for conducting the negotiations to brexit in the way that she wants, she has a mandate for all the other things she wants to do. so the economy is still looking pretty good. so any of the pain that people expected from brex sit hasn't happened yet, she will never have a bigger moment than she has now. >> and the collapse of the left in britain, which has really happened across europe, but it does seem as though the social democratic candidate could give angela merkel a run for her money. why? >> it came as a surprise to many of us, that the candidate ranked so high in the polls. all of a sudden there was a surge for the social democrats. they lingered afternoon 20% before mr. schultz was announced then they made it to 30, 35, sometimes in some polls, even topping mrs. merkel. and that's miraculous because mr. schultz could actually be identified with the brussels establishment, the very thing people de

wins in the second round and he is widely expected to do so, this means the eu stays in tact after brex brexitmarkets in this part of the world have rallied today. chris. >> hala, how deep is the skepticism of those precepts? we have seen a little bit of a quieting of the wave of nationalism of pop youiulism. they said the same thing before brexit. where do the french people feel in the wave of change? >> reporter: that is an excellent point. that is, of course, something many observers have brought up. don't assume the centrist politician will win. wy? marine le pen got 22% of the vote. there is a left wing populism in the election. also a euro keskeptic. he got 45% of the vote. back to you. >> hala, thank you very much. >> i sounded so good there for a second. >>> president trump is just days away from the 100-day mark. i sat down with diehard trump voters. are they happy today? they'll always be our babies.. to keep us up at night, but tonight johnson's® can help with a bedtime® routine, clinically proven to help them fall asleep faster and stay asleep longer. tonight we sleep™. ♪ time's up

people voted unanimously to stay under british sovereignty yet in the brexit referendum they voted to stay in the union. now that brexl, th said they could be part. the response was fast and furious with rhetoric heading up. for the uninitiated, that's the name of the misbehaving a mon y monkeys that inhabit the peninsula. they suggested the prime minister teresa may ought to show resolve to go to war with the spanish-speaking nation with other such nation 35 years ago this month. the e.u. negotiating guidelines no longer include references but angry debate persists. >> you show yourselves with these demands to be vin didicti and nasty. thank goodness we're leaving. >> shows why we have the e.u. in place in the first time, to get countries to drop nationalist grievances. the correct answer to the gps challenge question is turks will head to the polls next sunday for a referendum about amending the constitution. if successful, some of the sweeping power changes will include apologize accomplishibo minister and tending term in office until 2029. recent poll results have learned anything from elections of late, we need

brex factoring into these restructuring plans? they're waiting to sign off on them until they can see where their offices are going to be based. elisa: is that a question about brexitat the moment, what we are it's doing very much on the agenda and banks are working very hard behind the scenes. many of them have places they are considering. you are looking at tens and hundreds, but definitely the first of what we are getting increasingly is that by late this year, and maximum early next year, those plans will actually start to be put into action. vonnie: how are they divvying up the areas they can get market share in? are we noticing any kind of shift in terms of the spectrum? we certainly are here in the states. goldman sachs definitely lost market share in fixed-income. elisa: what we are seeing out of the large investment banks like barclays, credit suisse, and deutsche bank, all three have theygled, even in the ones want to keep, and that's really the surprise here. even where you want to stay, it takes a little while to regain the market backing. mark: but look ahead to next week. i asked michael earlier to wrap it up nicely. do the same for french lenders bec

brex a similar concept to go in the time to the run-up of the june vote. this collates all the stories you can read across the you -- the e.u. you can also see post-brexitecast changes for gdp, for various countries, trade flows, and over here at the top right corner, all the charts that are put together by our very own hillary clark, global head of terminal. she makes all the beautiful charts that we show you on tv and she would love to hear from you. you can look at any of these charts. you can even click on trending charts and save them to your own. stay with "surveillance." 2, 3, or more? investors look for clues on the timing of the next u.s. rate hike in the fomc minutes. what do the fed futures hold? is the reflation trade set to fade? pimco and jeffrey gundlach, who predicted last year's uptick in price growth, think u.s. inflation may have already passed its peak. this is bloomberg. ♪ nejra: you're watching "bloomberg surveillance." i'm nejra cehic. if we look at what markets are doing today, overall looking at what's happening in equities, it's a pretty quiet day. pretty unchanged on the stoxx 600 that a lot of movement elsewhere. lots to look