are a no—deal brexit. a no—deal brexit. says that might not be a brexit or a no—deal brexit. no—deale to get this through the house of commons. of commons. relying on the dup for support in the house of commons. the house of commons. that she can rely on them with this deal? it looks pretty unlikely. arrangement that exists between the conservatives and the dup. conservatives and the dup. conservatives and liberal democrats had between 2010 and 2015. had between 2010 and 2015. conservatives on confidence motions and supply motions. and supply motions. that is technical term for budget measures. technical term for budget measures. the look of this withdrawal agreement. agreement. the very essence of their being politically. adam fleming is in brussels. spain has raised concerns. what are they? the british territory that is gibraltar. gibraltar. the treaty and is making a big fuss out of nothing. out of nothing. throw this spanner into the works at the last minute. the last minute. the scenes to find a way to make them spanish by minister happy. them spanish by minister happy. declarat

for businesses, the risk of a no deal brexit hasn‘t gone away, itjust ta kes a brexit hasn‘t gone awayy hope for the best but they still have to plan for the worst. exporters are being looked warned that if parliament rejects the deal there will be forms to fill, there could be much more red tape with no deal brexit.“ to fill, there could be much more red tape with no deal brexit. if the deal went through parliament we could be assured we have until the end of 2020 before anything happened but looking at what has happened this morning it seems less likely that will happen and therefore the default is we will leave without a deal on the 29th of march and that panics small businesses because if you don‘t know what‘s happening, thatis you don‘t know what‘s happening, that is worse than almost anything else. in the city the uncertainty caused by cabinet resignations, not confidence in the economy. caused by cabinet resignations, not confidence in the economylj caused by cabinet resignations, not confidence in the economy. i think the pound is falling because people are worrying about what

brexit means brexit. but theresa may push don miscalculated again when she on the estimated just how hard you would negotiate. concessions to brussels coast outrage there was talk of a vote of no confidence she lost a number of key ministers. including the brexit state secretary dominic rob. yet still she won't be dissuaded this is a day which is in the national interest about my going to see this through. yes thank you. theresa may an iron lady or a tragic figure. john interestingly enough may receive some grudging tributes this week even from her critics how do you see her as a historical figure what will the history books right. i think she will be presented as a prime minister trying to do the best in a very very difficult situation. leading a divided policy where she has been trying to balance what the party needs on one hand the what she thinks the country could manage to live with on the other hand. it's not a job with it. anyone. do you wish on anyone is very very tough open and i think she will p

it is nothing to do with ambition of brexiteers, it is about brexit and the country.n union is the most fantastic opportunity for the united kingdom. the ugly fight over how we leave the european union. now an open battle in the tory party girl who runs the country. what are we all to make of this warfare is playing out in front of our eyes? those who still backed her, exasperated. stop rocking the boat, stop wrecking, otherwise this will prove a disastrous period. haven't we passed the point where it is credible for her to be able to turn this around? no, i think she remains our only hope. that hope dashed by this man, the brexit secretary who quit and did not make the journey to work today? morning, minister, are you going to resign? all this woman, the work and pensions secretary who gave up her ministerial folders. pensions secretary who gave up her ministerialfolders. seven pensions secretary who gave up her ministerial folders. seven members of the government have gone today. in protest at the brexit compromise. but she is still there, even with resignations and

with some of the 17 million who voted for the brexit think some of the brexiteers arejumping the guners are jumping the gun because the text has not been released and also, it proposes leaving the commons fishery policy and the agriculture policy, out of the single market, the prospect of doing trade deals around the world, if that is their goal, then surely the withdrawal agreement is something he would vote for? two quick points, i have the most amazing dinner on friday with someone amazing dinner on friday with someone who has done a lot of research into leave voters. she does not think and most of the evidence suggests that no one is following this closely. the nature of the deal, who knows? perhaps that is one thing that works for the prime minister, this is the other bit of pressure she's hoping will work on politicians of all sides and views that they will think, they know the voters are sick of talking about brexit. they just wanted voters are sick of talking about brexit. theyjust wanted out of the way. also, you ask about the deal, remember this isjust way. also, you ask ab

brexit?somewhere that you could give to the public, trying to sell it to the conservative party? is there something more the eu could give? yes. ithink is there something more the eu could give? yes. i think we are now in a situation that is becoming increasingly clear also for the eu that brexit is not only bad for britain but also for the eu. the common market is the most important element of the eu and that is being shrunk. brexit is like if 19 small and medium—sized countries would leave the eu at the same time, and britain is already the largest single customer of the eu, the head of the united states and china. i think it is in the interest of the european union now to make a step forward and i'm a little bit disappointed by the european leaders who sit behind and say, that is a british problem. it is of course a british problem. it is of course a british problem. it is of course a british problem but it isn't only caused by britain, it has also been caused by britain, it has also been

stop brexit! the ugly fight over how we leave the european union... stop brexit!le in the tory party for who runs the country. what are we all to make of this warfare playing out in front of our eyes? those who still back her are exasperated. stop rocking the boat otherwise this will prove an historic, disastrous period notjust for the conservative party and for the government but for the country. she is in office but she is not in control, haven't we gone past the point where it is credible for her to be able to turn this around? no. i think she remains our only hope. for the prime minister's allies, this is personal. the prime minister will not be bullied and she will not change course and the government and the cabinet made a definite decision. so, her choice, to get up, go to work... are you confident you have got the rest of the cabinet's support? to use her phrase, get on with the job. it is less than 2a hours since her cabinet reluctantly agreed to back her compromise with the eu. statement, the prime minister. but after two of them quit, she had to try to

in the last few moments, the brexit secretary, dominic raab, has just moments, the brexit secretary, dominic raab, hasjust resigned as theresa may prepares to address the commons over her brexit agreement. in brussels, eu leaders confirm they'll meet on 25th november to finalise terms for britain's departure. let me say this to our british friends. as much as i am sad to see you leave, i will do everything to make this farewell the least painful possible both for you and for us. we'll be bringing you all the developments on this story here at westminster. many developments no doubt this morning as well as in europe and around the country. hello. good morning and welcome to bbc news at nine. let me recap the breaking news of the last few moments for you. the brexit secretary, dominic raab, has resigned. this is seismic news for theresa may as she prepares to address the commons about that draft deal, draft agreement, which was signed off by her cabinet, including dominic raab only just signed off by her cabinet, including dominic raab onlyjust yesterday evening, less than 2a hours old

stop brexit! inaudible question stop brexit!low is wrong. it is the standard talk of conservatives when they know there is failure in the air. shame on you! are we done? thank you very much. shame on you! it would show a light summer of people... jacob rees—mogg outside the palace of westminster, the leader of the brexiteer european research group of tory mps, and he has handed in a letter to the 1922 committee chairman expressing no confidence in theresa may as leader. now, with 48 tory mps if they write similar letters a leadership contest is triggered. we don‘t yet know how many have been sent to graham brady but jacob many have been sent to graham brady butjacob rees—mogg just many have been sent to graham brady but jacob rees—mogg just saying, denying this was a coup against theresa may because he said this is being done through constitutional procedures of the party. a coup is when you do not use proper procedures. he said this is nothing to do with personal ambition. he is not offering himself as leader. he was saying the

of the more ha rd brexit mindset as some of the more hard brexiteers.ps a sort of eea model relationship with the eu. for him it is more about fishing, those kind of things. he gets the argument slightly more than the single market access requirements. he is slightly cooler on that kind of aspect on it as opposed to some of the hard brexiteers. pragmatic, but is it a political pragmatism, in a self interested way? well, it may well be. they will all be having these thoughts at the moment because of this talk about the international development secretary, penny morgan, whether she might go, she is a hardline brexiteer and whether she might go, she is a ha rdline brexiteer and of whether she might go, she is a hardline brexiteer and of course now with dominic raab resigning, the brexit secretary, the second to have gone, a young, highflying, going places cabinet minister, seen as a future leader, jeremy hunt, the foreign secretary, and sajid javid, the home secretary, must be thinking, "do we need to resign over this now?" i am not suggesting they are on

it is nothing to do with ambition of brexiteers, it is about brexit and the country.uropean union is the most fantastic opportunity for the united kingdom. the ugly fight over how we leave the european union. now an open battle in the tory party girl who runs the country. what are we all to make of this warfare playing out in front of our eyes? those who still back her, exasperated. stop rocking the boat, stop wrecking, otherwise this will prove an historic, disastrous period, notjust for the government, but for the country more widely. haven't we passed the point where it is credible for her to be able to turn this around? no, i think she remains our only hope. that hope dashed by this man, the brexit secretary who quit and did not make the journey to work today? morning, minister, are you going to resign? do you have confidence in the prime minister? or this woman, the work and pensions secretary who gave up her ministerial folders. seven members of the government have gone today. we re were you in tears last night? in protest at the brexit compromise. but she's sti

brexit secretary resigns.ive in london with those details. >>> markets right now, the dow moving lower as it extends its longest losing streak since august >>> and crude realities. oil did snap a 12-day losing streak while nat gas pulls back from a four-year high. it's thursday, november 15, 2018 you are watching "worldwide exchange" on cnbc. >>

brexit means brexit.s sound bites are well—known, the q u otes ofte n sound bites are well—known, the quotes often repeated, but in bolton they have their own versions. she said brexit means brexit and now it feels more like fudge. said brexit means brexit and now it feels more like fudgei said brexit means brexit and now it feels more like fudge. i would not say is strong. in the 700 years since bolton became a market town they have seen plenty of leaders come and go and some here like dave would not be sorry if theresa may went as well. he has voted tory for yea rs went as well. he has voted tory for years but he has run out of patience with the prime minister.” years but he has run out of patience with the prime minister. i think she was doing all right until she started dancing. we do not like it. get over it. bolton lose at football every week and i have to get over it. who would you want? a brexiteer. someone like michael gove, someone who has a little bit of common sense and understands what the pe

but a good brexit, a brexit in the national interest, is possible.ve persevered and have made a decisive breakthrough. once a final deal is agreed, i will bring it to parliament and i will ask mps to consider the national interest and give it their backing. voting... booing voting against a deal would take us back to square one. people around the country will be feeling anxious this morning about the industries they work in, the jobs they hold, about the stability of their communities and their country. the government must now withdraw this half baked a deal, which is clear that does not have the backing of the cabinet, this parliament, or the country as a whole. here in westminster, the numbers are against the prime minister, with presumed allies and opponents during up to criticise. i could stand here and ta ke criticise. i could stand here and take the prime minister through the list of promises and pledges that she made to this house and to us, privately, about the future of northern ireland and the future relationship with the eu. but i fear it

this is not brexit, it is anti—democratic not brexit, it is anti—democratic not to enact brexit in thiss has to have a parliamentary majority. the brexit secretary has resigned. don't speak over each other, no one can hear. this was about the uk parliament flexing its muscles. the uk parliament will vote and what it has made clear is that it does not like many of the options. she's handing overour like many of the options. she's handing over our sovereignty. yes, she is. come back to you. if you can a nswer she is. come back to you. if you can answer this, or lovers will be grateful, how do you get your deal to get 650 divided by two plus one through the house. i would go back with a pro—brexit person who is actually going to organise a pro—brexit situation. you have got borisjohnson, you have got good people in that cabinet who can do the job. what you are offering is not brexit. the people of this country have voted to take back control and were handing it right back. would it be as simple as getting someone like borisjohnson to go to brussels and start again? it is never going to be

he says what about brexit, yes i will tell him what we are delivering on brexit. will not rerun the referendum. we will not reneges on the decision of the british people. we will be the customs union, we will leave the common fisheries policy, we will use the common agricultural policy. and we will take back control of our money, laws, and borders. we will deliver brexit, and the united kingdom is leaving the european union on 29 march, 2019. this prime minister is hamstrung, divided, desperate, and looking defeated. in a total panic, the prime minister has been reduced to playing political games rather than being fair. mr speaker, this is not a game, the snp will never, ever gamble of scotland's future. there's only one lifeline messed, to protectjobs in scotland, we must stay in the single market and the customs union. the prime minister will not bring scotland out against its will, if it is a deal to protect the economy and not the island. one of scotland's? why not scotland's? the honourable gentleman stands up and says the snp will not amble with scotland's f

to the taste of the brexiteers.ke a pretty distant prospect, an outside chance, but that is their hope. meanwhile, the pressure and the pleading will go on at full stretch. and that mayjust succeed in peeling off some of the brexiteers, make even convince some labour mps to brexiteers, make even convince some labourmps tojoin brexiteers, make even convince some labour mps to join the government and help get the deal through. but will it succeed? you won't find many people saying much on that here at westminster this evening. john pienaar, thank you. the security service — mi5 — has admitted it made a mistake in failing to track the manchester bomber salman abedi, whose attack last year killed 22 people. a report by mps on the intelligence and security committee says mi5 missed potential opportunites to stop the attack. the mps say mi5 admits it moved "too slowly" in establishing how dangerous salman abedi really was. the committee reviewed five attacks that hit britain last year, as judith moritz reports. five attac

it has a bearing on brexit or brexit has a bearing on the price of oil.eet will have repercussions around the world, doesn't it7m street will have repercussions around the world, doesn't it? if you look at what has been happening in oil, a huge talking point at the new york stock exchange. 0il falling for the last 12 sessions. that is unprecedented. not something you often see and as a result of that, people are wondering what is going on. how much of this is a global demand story in which, as you say, brexit plays a part in that. the other thing if you want to see how brexit is impacting the market, look at the dollar. that, i think is where you will see investors concerns reflected. how they are feeling about the risk of a disorderly or orderly brexit process , disorderly or orderly brexit process, that is something people are watching keenly. it is interesting as well when you talk about sterling versus the dollar. it is the strong dollar, notjust weak sterling, which is the story and what is going to happen with the us federal reserve. yes, you are ri

bloomberg'somas is brexit editor. bloomberg's brexit editor.e are anticipating we will's -- we will hear from theresa may. what message does she need to communicate? of thethe resignation brexit secretary. 1922e have seen this committee story surrounding all the letters from the brexiteers. what did she need to say now? emma: that is the question. morning, she this hadn't lost some key members of her cabinet. she just pressed ahead, defended her deal and said this is the best deal available, she said you she made clear that yes she has made concessions, but basically this is the only deal available and the alternatives are no deal which nobody really wants or indeed no brags it. -- brexit. the probe brexit hardliner -- pro brexit who have been trying to get made to change course, they have always set up until now we don't want a new prime minister, just a new policy. they've tried to make a change in direction and what has happened today is they said enough is enough. this is not brexit and said today there come out and said we need a new leade

the pro—brexit plotters, or the hardline brexiteers, trying to get their way. seems to be throwing its weight behind theresa may which is interesting. the daily mail as well as kind of weirdly, since the new editor has taken over, they have almost gone remain. last week the daily mail described the brexiteers saboteurs and under paul bakehs brexiteers saboteurs and under paul baker's editorship he was calling the remainers that. in a way theresa may has been backed and that will give her some succour and the papers are backing her and almost demonising these brexiteers. she is acting statesman—like, she is holding a course, perhaps she is inflexible, but she is digging in. then we have these brexiteers in other papers, like dominic raab, he has been criticised as well. warning from andrew mitchell in the times, saying let's not make the same mistake that we made with margaret thatcher. they have got a slightly more original spin on it. he is basically saying that they should not make the same mistake, they should not drive her out. if you do get rid of theresa

that if they hold out for the diaper brexit they want, the deal brexit, you might end up with no brexit, if you try to one second referendum, if you try to do be did and get second referendum you made and of inflicting a no deal. not out referring to geoffrey boycott. she's not someone who's over thinking on her feet, but to do not someone who's over thinking on herfeet, but to do —— to be paired to question put to her today said you like cricket, how many more wickets have to file from your cabinet and she said well, good thing you mentioned it, my hero is jeffrey, what he did and he stayed until he got the right as she turned away and walked and i was in the press gallery at the time and you could hear the cheers from journalism she said something on her feet to l the fact that the editor pointed out at the bottom, none of us have a clue as to what's going on. admitted it i'm glad they did, but it's true. like brexit, it went on forever didn't he? it's the most interesting is indeed. i'm surprised he didn't bring in the backstop or he didn't bring in the backstop or he could use that

which is ultimately my deal or the prospect of no—deal brexit or no brexit at all.orce a second referendum, the maths of that ha rd to second referendum, the maths of that hard to meet in parliament. theresa may is firm, my deal or no deal, she is trying to use that to frighten her colleagues but we are at a stage where the threats are in recently credible because we are getting closer to the march 29 cliff edge can also be will probably taking it quite seriously. so the 500—page document was published by the eu this evening. a shorter statement setting out what the uk and eu's future relations will look like has also been drawn up. but criticism of the draft agreement has focused on the means of avoiding a hard border between northern ireland and the republic and on the uk's potential exposure to eu rules for years to come. chris morris of the bbc‘s reality check has been looking at the detail. the draft withdrawal agreement is a hefty document. but it's all about how we leave the european union, it's not about our long term future relationship. if everyone approve

my brexit break—up. a p pa re ntly department. my brexit break—up. michael sheen who is known to be quite political and a member of the labour party has said that they split up because following the brexit vote in this country and the election of donald trump in america and obviously she is american they both wa nted obviously she is american they both wanted to spend more time getting back into politics to try to fix things in their words. it's a rather strange from page to photograph?“ almost as if putting summaries on front pages by any means possible is a good idea i suppose. i agree front pages by any means possible is a good idea i suppose. iagree it's one that we have been slightly perplexed by i should say. we will have to and perplexed because that's all the time we have this time around. thank you both. that's it for the papers this hour don't forget you can see the front pages of the papers online on the bbc news website. it's all there for you — seven days a week at bbc.co.uk/papers — and if you miss the programme any evening you can watc

brexit means brexit.he quotes often repeated, but in bolton they have their own versions. she said brexit means brexit and now it feels more like fudge. i would not say is strong. in the 700 years since bolton became a market town they have seen plenty of leaders come and go and some here like dave would not be sorry if theresa may went as well. he has voted tory for years but he has run out of patience with the prime minister. i think she was doing all right until she started dancing. bolton lose at football every week and i have to get over it. who would you want? a brexiteer. someone like michael gove, someone who has a little bit of common sense and understands what the people of bolton especially want. there is also banter at the barbers. you have people who have very strong opinions. this man talks politics while he trends and he says he wants mrs may to stay where she is. who would you have to take over from her, who would want to with all the hassle that is going on? who's going to do it? do you h

the pound pounded by the brexit and the pound pounded by the brexit and t has recovered a little of its has the details of what's ahead on wall street today. cable company viacom reports its fourth—quarter profits this friday. its bottom line is likely to be boosted by a strong performance from paramount. the latest mission impossible film franchise is expected to boost profits, and licensing revenue should also get a lift this quarter. that follows paramount tv‘s launch of tom clancy's jack ryan on amazon prime and maniac on netflix. 0n the economic front, the federal reserve publishes industrial production figures — a key manufacturing indicator. economists are forecasting a 0.2% rise in october. this follows the 0.3% rise in september. even though the sector is benefiting from strong consumer demand and lower corporate taxes, trade tensions with china are a concern. joining us is lawrence gosling, editor in chief of what investment magazine. good to have you with us. good to have you with uslj good to have you with us. i think it will be slightly, on the markets today, certainly in l

this is the brexit reality., not the fantastical visions that were presented injune, 2016. in brief, there's a few specific mechanics here i don't understand. the british parliament has passed an eu withdrawal act, and that, and the eu's treaty says... at least, the article 50 rules say, that we're leaving — absolutely categorically leaving — on march the 29th, 2019. now, i don't understand, least of all in timing, how you could get a referendum which requires parliamentary legislation and a very complex process to set it in train, how you could possibly get that done before the clock runs out on march the 29th, 2019. no, of course, you're right, you wouldn't get it done by the 29th of march, 2019, and it would require the agreement of our european partners to suspend the article 50 process, or extend the article 50 process, to give us time, a few extra months, to hold that referendum. and in terms of the process... just in parentheses, there is no majority in the british parliament, as far as anyone can tell, t

he asked me what planets are making for no brexit and we are making no plans for no brexit.ernment is going to deliver on the vote of the british people. green's caroline lucas, said mrs may knews her deal was dead and no deal would be a disaster. joined the calls for a fresh vote we risk chaos and job losses and the existing crisis. that was never the will of the people. they did not vote for that. this is not a parlor game, it's a real people's realised. it can only be addressed if we put aside party politics and so i appealed to her again why will she not give the people of this country a vote? a vote on whether this country goes next? this parliament gave the people of vote, they voted to leave and we will deliver on their vote. theresa may. well if the prime minister hoped she'd get a warmer response from her own backbenchers she was soon disappointed with conservatives among those calling for another referendum. which she at least today undertake not to rule out taking this back to the british people and having... unafraid on that particular issue i will disappoint my

but we are better prepared for no brexit.g there is a chance it will not happen?” people are still thinking there is a chance it will not happen? i think some people are still thinking about it. also some tweets and also from british people, but i think it is difficult to imagine it will be for example another referendum and this would be ready to withdraw the letter or the procedure before the end of march. it is impossible to imagine. would it be possible that the deadline at the end of march be moved back? back to be done but i do not think member states would like to do that. it has budgetary and elections application so it would raise many huge practical problems. just imagining reelecting for a short period of time some british mep, that alone does not make any sense. i hear from my colleague in london that the french prime minister is saying because of the problems in london, keep preparing for no deal. what is the eu doing to prepare for no deal? what i hear here, there are many different departments of the commission

the guardian was no fan of brexit throughout the war process so of brexit throughout the war processakes presumably does not surprise you? no, not at all. i think you are seeing a similar flavour across all the papers. interestingly the guardian reports that one of the cabinet ministers that one of the cabinet ministers that spoke up for the deal was michael gove, one of the most ardent brexiteers, a big cheerleader. it also has the esther mcvey around it, it is interesting here because it says she was caught between the devil and the deep blue sea but this is the whole issue here, while people might not like this deal there is not coherent alternative that cabinet ministers are coming up with. this is why they are stuck in a hard place and this is why ultimately she will survive i think. it will be bruising but i think she will get through this. i think different factions in the party keeper in place because there is no obvious leader to come through. keeper in place because there is no obvious leader to come throughm that you take on it? yes, twitter obviously goes wild on a night

apart from brexit, there are also other factors impacting.ng a nine on trade tensions as traders see signs that all economic powers are seeking to de—escalate their dispute. reports say in the us trade representative has told some industry executives that another round of tariffs on exports has been put on hold. these are bakers —— basically the focus of trading today in the currency markets. of course, you have us— china trade tensions and brexit, all this being discussed in the ongoing summit in port moresby in png we have all the world leaders excluding donald trump. they are attending this very important meeting. thank the taking us through all the tectonic plates and how they fit together. let's stay with brexit — because as you've been hearing, uk prime minister has been defending her draft agreement on britain's exit from the eu — despite widespread criticism from both pro—leave and pro—remain politicians. the compromise has been broadly welcomed by many in the business world. but there are still major questions — let's show you why. t

brexit break down. the bank of england is about to publish the effects of breaking away from the e.u. we will bring that to you live. 600redit is forced to pay more pounds. is on the other side of the trade. let's talk about the markets and show you where we are in europe. we are still waiting for the main event of the day and that event of theent -- day and that is the fed chairman, j. powell. the market is ending fairly flat and the market is cautious going into powell. look at that. everybody getting flattened as we await for carney and then powell. we saw a built in the crude market that is having an effect with brent. 1% and nowding down we are down 1.5%. build than wegger were anticipating, but enough. we are waiting for the fed meeting to come up and waiting on the from saudi arabia issue of crude prices. what do u.s. markets look like? here's abigail doolittle. abigail: once again, we have the balls and the fire is out -- we have the bulls and the fire is out. is the longest winning streak since

who said the prime minister's brexit plan had fatal flaws. the leading brexiteerjacob rees—mogg submits a letter of no confidence in the prime minister and says he expects there'll be a vote on her future. here in brussels... michel barnier says the deal is fair and balanced and lays the ground for an ambitious new partnership. but the german chancellor warns against any changes to the plan at this late stage. translation: we now have a document on the table that britain and the eu 27 have agreed to. so for me, there is no question at the moment whether we negotiate further. good evening. welcome to westminster. theresa may has insisted that she will see brexit through and that she has set out the right course for the country. it's been a day of intense political pressure since the draft agreement was published yesterday with four ministers resigning. let's have a look back at how we got to this point... yesterday the uk and the eu presented its draft agrement for britain's withdrawal — which included provisions for a transition period and ‘b

deal, it might not be a hard brexit. a secondt be referendum and the u.k. staying in the union. some argue the best case and area longer-term for sterling is the deal to fail and that would be the catalyst for a second referendum. that is why people are uncertain how to trade this. initially, a parliament rejection would mean a sharp slump in sterling in the short term. i am not surprised there has been some appreciation. 48 hours ago, we didn't have an agreement. now we have an agreement, sterling should be slightly higher. it is right that it is not too much stronger. the price action makes sense. the greater risks from here are probably on the downside. was interesting that it was said he will wait to see what the prime minister says before deciding whether to send his letter asking for a leadership challenge. there are other things in life and the brexit conversation in the markets. let's talk about what powell said yesterday. about headwinds, but also didn't seem to be bothered too much by the market volatility in o

brexit secretary has resigned. in a blow to theresa may, he could not in good conscience support the terms imposed for the deal with the eu. the u.s. economy is strong but could face headwinds. powell listed challenges, including slowing growth abroad, he also warned of the u.s. trade disputes with china. >> we see a rising chorus of concern largely through business contacts to the reserve banks, and our own contacts. it has not shown up in the data, it will be hard to see in the data because you would know -- you would not know what the data would be without trade issues. in theory, you can see slower growth to the extent that more products are subject to tariffs, you could see higher inflation and lower growth. >> changes after the midterm elections could pose problems for trump's trade deals. musts said the agreement see changes if the ministration want support. china has outlined potential concessions to the u.s. say talks have been constructive, but the ideas fall short of the reform washington is demanding. o

that is very unusual, in the past she has always said brexit has to happen and therefore no brexit wast time i think to do we had it from the prime minister's goalmouth that is no brexit is one of the possibilities. she do that in terms of saying to her own supporters that this is one of the things you best, that there is no brexit but for those people who have been out on the streets of london and elsewhere around the country, campaigning vigorously and who would look at this and say, in a way is this better than the deal we hardly have with the european union and therefore brexit should be abandoned altogether. it will give them hope. you highlighted the fact that nick timothy is featuring? yes, former chief of staff to theresa may absolutely slams this deal. it is interesting the westminster watchers that he has come out, normally double ten use him as an outlay to make the case of

the brexit divorce agreement. cabinet ministers are heading to downing street as the prime minister seeks to get their backing for the proposals and says she will deliver on brexit. we will take back control of our money, laws and borders. we will deliver brexit and the united kingdom is leaving the european union on the 29th of march 2019. does the prime minister still intend to put a false choice to parliament between her botched deal or no deal? i will be reporting live from downing street. with less than an hour to go until the most crucial cabinet meeting theresa may's premiership. all the latest from westminster and brussels this lunchtime. also: dozens of people are still unaccounted after california's worst wildfires in history as the death toll rises to 48 and prince charles celebrates his 70th birthday today — he'll have tea with fellow 70 year—olds and dinner with the queen. on public display for the first time in more than 200 years — jewels once belonging to queen marie antoinette of france go under t

and she did sell this dream of the brexiteers, in a way.me time, you kind of have to give her credit, that she was basically — that she's the only person trying to engage with reality nowadays. i'm a constant critic of theresa may, but it's this tenacity, this kind of indestructibility — people like my mum really admire it. and she gets cross with me, and calls me timothy, because of the way i criticise her. and she's got so much goodwill because of this ability to keep doing what brexiteers haven't done. she has been there, and knows the challenge. but even so, it doesn't add up to getting a good deal, it doesn't add up to good government, so it shouldn't be enough. if she sees off a leadership challenge, there seems to be a problem of a lack of trust now. i mean, we had this rather portentous statement from jacob rees—mogg, when he declaimed in the house of commons that this is a prime minister who says one thing and does another. should i write my letter saying i have no confidence? but that gets to it — not just him, but for example the

the labor leader said we can't stop brexit. the brexit secretary said we can stop it. when he stands up, he should make it clear, is that labour party policy to stop brexit? speaker, labour respect the results of the referendum. what we don't respect is the created that they cannot now get themselves out of. we will not let them destroy this country's economy. if the brexit secretary is still in office by the time the cabinet meets this afternoon, could she take him on one side and have a quiet word with him, and tell him that 10,000 lorries arrive at dover country's 17% of this and tired trade in goods, estimated to be 122 billion popounds this year. this ignorance is disturbing to some of the people. -- so many people. this government spent two years at negotiating a bad deal that will leave the country in an indefinite halfway house without a real say. yet, they think they can impose a choice on parliament between a half-baked deal or no deal. when a sensitive alternative plan to bring together -- gentlemanht honorable will not be shouted down in the house of common

we need to get brexit over the line and support oui’ get brexit over the line and support our prime ministere respect for her. we have worked closely on brexit and i think there is still the opportunity to get this right. support the prime minister, but she must listen and change course on brexit. we are told that five cabinet ministers in the cabinet are trying to persuade her to change direction. she is going back to brussels next week. are you talking to those people? if anybody wa nted talking to those people? if anybody wanted to pick my brains, i am happy for them to do it. have they? we have talked intensely and everybody wa nts to have talked intensely and everybody wants to do the right thing and support the prime minister. what group so support the prime minister. what group so are you discussing with people like andrea leadsom the possibility of tweaking the deal? i resigned on thursday morning so i can't say i've had extensive conversations, but i'm willing to be as constructive as i can. the difficulty for me was that i was being asked to go over to brussels and sign on the dott

what i wa nt to brexit and frustrate brexit.do with deliver brexit, with a good deal. my a good deal. my focus at the moment, all my focus, is an finalising the deal on sunday with the european council, and beyond that, getting the vote through. but how can mps know how to vote if they don't know what plan b years? you have said this week, and your cabinet colleagues have said the same, no deal or no brexit, what is plan b? the focus of the government at this point is rightly on getting the deal through. and on saying to people, when you come to look, what they need to focus on, is is this the right deal for the focus on, is is this the right deal forthe uk? is focus on, is is this the right deal for the uk? is it focus on, is is this the right deal forthe uk? is ita focus on, is is this the right deal for the uk? is it a deal that delivers what people voted for? i believe it does. asi believe it does. as i have said... yes, but what is plan b, no deal or no brexit? if you could just answer that. from my point of view there is n

it is nothing to do with ambition of brexiteers, it is about ambition for brexit and the country.eaving the european union is the most fantastic opportunity for the united kingdom. the ugly fight over how we leave the european union. now an open battle in the tory party girl who runs the country. those who still back her, exasperated. stop rocking the boat, stop wrecking, otherwise this will prove an historic, disastrous period, notjust for the government, but for the country more widely. two —— to use her phrase commission is get back to work. after two of them had quit, she had to explain it to the commons. i do not pretend that this has been a comfortable process. or that either we or the eu are entirely happy with all of the arrangements that have been included within it. mr speaker, when i first became prominence in 2016, there was no ready—made blueprint for brexit. many people said it could simply not be done. i have never accepted that. i have been committed, day and night, to delivering on the result of the referendum. and ensuring the uk leads the eu absolutely and on ti

brexit means brexit, no deal is better than a bad deal. theresa may‘s words, not mine.wn. winston churchill. in her case, step—down. that‘s what she needs to do because i really don‘t think any legitimate ha rd—working, honest politician will stand by this. so you want her to go. yes. who do you think could do a better job in these trying circumstances? john redwood. i think he could be a very good caretaker. i‘m not saying he would take the job for the foreseeable future but at this stage my money would be onjohn redwood. he worked very well with margaret thatcher. he‘s a very honest guy. he‘s decent and he knows his stuff and! he‘s decent and he knows his stuff and i think he would do it for the country and rather than for his own career. your message to the cabinet when they get together for this to be an emergency cabinet meeting this afternoon? what do you want to say to them? you are public servants. you are not our masters. do the right thing for the people of great britain. that means reject it? yes, certainly! thank you, june. thank you forjoining us. jenny cha

do a no brexit scenario. if you think there are only 70 mps who will vote for no deal, you have to conclude the others will eventually, even though they have to do a lot of virtue signaling, they will vote for that deal. sterling should rally on that news. nejra: thank you. timeg up, at 8:40 london we will bring you mario draghi's keynote speech at the european banking congress, part of euro finance week in frankfurt. don't miss bloomberg's panel featuring b.n.p. paribas chairman, deutsche bank ceo, and the commerzbank ceo. posted by bloomberg surveillance banker francine lacqua. that is live at 9:00 a.m. london time. when you are traveling to work, if you have to step away from the tv, tune in to bloomberg radio live on your mobile device. 8:00l be on the radio at a.m. ♪ nejra: let's check on the markets. the msci asia-pacific index showing weakness at the end of the week. some weakness coming through in japan. chipmakers being hit. china outperforming. the csi 300 up. emerging-market equities also on a thir

she is in office, probably working on brexit. ona office, probably working on brexit. a harder brexit than theresa may is offering? instead of being the focus of what happened on brexit, it is all about mrs may as a leader. a lot of people will be trying to decide whether calling no—confidence in her will deliver a harder brexit, or whether they should look at what is on the table right now. but everybody seems unhappy, she has managed to get the worst of all possible solutions and put it out there. she looks incredibly weak at the moment. the conservatives are panicking, because they may have to call a general election, and they are terrified jeremy corbyn wilmot and number ten. she went bad on the deal. it is not a cce pta ble she went bad on the deal. it is not acceptable to parliament. i think she has two changed tack or pivot towards a canada plus deal. she is not showing any evidence of doing that. because of that, her leadership is under scrutiny. jacob rees—mogg has made a about that, at what point do you focus on the subject and not the person behind the subje

and stop brexit.cause they have to get together, but it is no deal, not no brexit? i believe this is the right dealfor the no brexit? i believe this is the right deal for the uk. no brexit? i believe this is the right dealfor the uk. myjob is to deliver brexit for the country, because that is what people voted for. header in devon, welcome to the programme. for. header in devon, welcome to the ro ramme. you're for. header in devon, welcome to the programme. you're through to be premised, what is your question? how can we trust you now, if i would like to know. i'm sorry that you think that we have not been listening to the public over the last two years. what i have been— obviously the first thing to listen to as the boat that took place in the referendum in 2016. and i recognise that that was a 52% 48% vote in versus remain, but i think that parliament said to the public we wa nt that parliament said to the public we want you to make this choice and people chose to leave. i think it is about trust in

back the people and say you want to brexit, this is the negotiated brexit which the prime minister hashas delivered. is the only brexit that is negotiable, on the table, now over to you. if you want it, this is it, if you don't want it, there is an opportunity to reconsider this position. are you a gambler? instinctively, as a person, argue a risk taking gambler? it is important to be entrepreneurial in life, i support people who take risks, if you want to stand by your convictions in politics sometimes you have to do that copy this is the most extraordinary risk that you are suggesting that the whole nation ta kes. suggesting that the whole nation takes. there is the suggestion that if it goes wrong is it cost the nation enormously. is there not an arrogant —— arrogance in you demanding the nation take that risk? listen, i am just a backbench mps putting their due out. is up to people whether they want to take any notice of me. all i am now saying is that we know what brexit looks like is the province and the government has been to an years negotiating it. i think will be a travesty o

brexit. conservatives will request one to trigger a vote. -- 48 conservativeves will r ret went to trigger a vote. this is not brexit. this is a failure of government policy. it needs to be rejected. >> may has vowed to fight any she is and says determined to shepherd her deal through. that is, if she can retain her leadership. let's go to the big map it in london. -- let'seen getting a go to the benedict in london. agrees with the man who is come out in support of theresa may that what we need disability -- is stability. >> theresa may wants to survive. two the reluctant admittance of her critics. she is combated. ive.ombated th meeting hasunch been cut down to three hours. consensus -- the collective is the word she used. the collective agreement. and then, thursday murder and -- thursday morning, -- the first was david davis, he resigned back in july. then it was boris johnson. that was within 14 hours of the check deal for the prime minister told us there was collective agreement. now we

manus: let's get into brexit. the pound has gained since news that theresa may has secured the banking of -- backing of her cabinet for an e.u. divorce plan. maria is in brussels, straight to you. theresa may may be able to get a deal cleared in her cabinet and i think the phrase is, it was a collective decision, but what about parliament? maria: that is still the big question. yesterday what we saw is the -- the entire conservative party. at one point we were told she was not in a position to give a statement can she did, but friendly did not look happy. the was supposed to be brexit deal that she said came down to one choice, take this or go back to square one, no deal. speculationhearing there could be a leadership challenge. again, it looks very shaky for theresa may in london. nejra: let's turn to you in brussels, for the e.u. is it now a simple case of signing off on a deal late this month? there is reaction from brussels that has been positive, we've had the chief of the e.u. commission, jean-claude juncker