anna: more thoughts from you on mark carney., if the negotiations are started march 2017, and we have two years, he could be leading just after the end of those to your negotiations. that does not seem like a much calmer time that in the midst of it? david: that is the point. we don't have the worry about the mpc. the structure is independent. people are worried about the independent, that has been pushed away into the monograph and we can forget about that. now, we can concentrate on -- anna: it shows he is writing to the political challenge -- rising to the political challenge? david: we have to get to article 50. carney is going to be there. the independence is rock tight. we are going onto the court cases everyone is focusing on in the market, whether this legal challenge is going to get through article 50 in parliament. it these are back to the big issues again. yousef: back to the political considerations, i am looking at awc rs function on the -- wcrs function on the bloomberg. rand?s your call on the david: we are very b

carney: i will answer the second bit. know.er any pressure from the government and none from the prime minister. the prime minister fully supports in the government fully supports the monetary policy framework he had in place. framework we have in place. how rapidly those decisions flow to activity, you get influence. it really builds with time. we don't say that the short-term of -- n is a gift >> it is the effect of policy and elastic orders -- it is the effect of policy in the last three quarters. a little more than we expected after the policy package. hopes consumer sentiment -- most of the effect of these things comes through over longer periods of time. following your meeting with the chancellor, did it color the mpc's decisions and guidelines today? should the government come through supporting growth, is there a chance some of the action you took back in august will be tapered more than usual? whicharney: i am not sure meeting with the chancellor you are referring, but i can answer it in general. chancellor the relativ

carney: we will never know. sort of pointless to speculate on that but perhaps the best thing is to walk -- the dynamics are unfolding and what its is about resilience of the u.k. how it comestem, back to us. as broad, the expectation is that there will be some significant financial -- fiscal stimulus by the you -- new u.s. administration. the president-elect has outlined the broad elements of that tax reform and major tax cut and infrastructure spending, the details obviously as with any budget will come with time to the legislative process, but it is significant stimulus at a time when the u.s. economy is increasingly operating close to full capacity. the consequence of that has been an increase in u.s. market interest rates. the first elements of so-called snapback risk and i will come back to that, and strengthen the u.s. dollar. that has put some pressure on some emerging market. capital fromof emerging markets flowing back to the center, pressure on the currency's, similar to what we have seen at the turn

governor carney at 8:30 this morning.♪ jonathan: good morning and welcome to bloomberg daybreak on this thursday, november 3. i am jonathan ferro alongside david westin. on this side of the atlantic, election jitters and a seven-day losing streak on the s&p 500 in focus. unchanged in the futures market. the cable rate with a stronger pound in a court decision in focus. david: this is what you need to know. the court decision is a big setback for theresa may. the u.k. high court says it must go through parliament before triggering article 50. in the next hour we get the bank decision andrate the latest growth and inflation forecasts. the decision comes at 12:00 noon london time with mark carney's press conference starting 30 minutes after that. the federal reserve leaving rates on hold ahead of the u.s. election, giving a subtle n

governor mark carney saying the path of inflation in the wake of the brexit vote needs to be watched mostly, and officials will tighten or ease policy as needed. >> we have decided that the stance of policy at present is appropriate, and that we have a neutral bias around policy, going forward. outside thego central bank, in london. less bearish or should i say more hawkish bank of england than the last super thursday in august. >> absolutely. what a difference three months makes. the market interpreted it as more hawkish because we saw the pound rising and guilt yield rise. ais was billed as being unexciting meeting, but in certain ways, it was very exciting. we got the expected rate remaining at the same 0.25%, the upgrade to an nation and growth forecast for the short-term, if not for the medium term, but what was more surprising was the fact that as mark carney said, the bank has limited tolerance for above target dpi. where it was before, the central bank was more dovish with more scope to cut rates, we did not get that and in fact, the market seems to be interpreting this more

carney have to do to calm the market down a little bit?i think most of the recent moves since the beginning of october has been a variety of factors behind a but one of the main ones has been the question about the future of q.e. and inflation. what the rank of thing that will try and do it strike a balance between on one hand reassuring the markets that they are very focused on inflation beyond any potential near-term flareup, but at the same time, reiterating weak growth forecast for the next year or two and if that unfold on depending on what is going on with inflation, they stand ready to do more q.e. if they can get that message across, the selloff will carry on reversing as it was yesterday. i'm going to divert our attention from the u.k. and look across to egypt. unprecedented moves coming in currency.ts the devaluation of the egyptian pound is seeing an 8.3% jump in egyptian stocks. they have also been making changes at the central bank on thursday. basis point increase to key lending rates. interesting we are talking about the pou

bank of england governor mark carney says they can move either way on costs depending on how inflation develops. the federal reserve also leads rates changed. the pounder climbs the most sent august as they ruled the government must hold the vote in parliament before starting the two-year countdown to brexit post-up theresa may still saying she plans to pull the trigger in march. vonnie: the securities and exchange commission is launched an investigation into wells fargo. ae same day, we have bloomberg scoop showing a generation of world executives created a sales culture beneath them. we are 19 minutes into the trading day in the u.s. now julie has been watching the news right now. stocks little changed at the moment. part of that news has been economic data. it has been next to this morning. we had jobless claims. there is no clear direction in terms of the data being positive or negative. we are seeing stocks mixed as well. overall, not seeing much change. i wanted to check on the bond market as well to see if they're sending more direction there. we did hear from the federal reserv

london time followed by mark carney's press conference.will bring you everything we hear after 10 a.m. this morning. we have been through a lot of earnings but let's return to this topic of what is happening here. it is hard to work out with this ruling might or might not need for the a process of brexit. few people suspected this court ruling could stop brexit but there are many who believe it could delay it. uncharted territory. way to make a any reliable assessment. is -- it is all about u.k. isre that the going to take. i go back to the beginning of may'sr on the back of speech. it was not just about the access to single markets, it was about whether the u.k. is going to divert away from what it stood for for a number of decades. that is why you have seen the lowering in sterling. from here, i think we will see some volatility. has proven to be a strong support level. it will -- we will see deterioration. manus: i want to bring a couple of headlines coming in from the egyptian central bank governors. rates, egypt raises it by 300 basis

wearable bank of england rates go under carney? it shows they have not moved that far under carney.ellow section is a forecast of market expectations. not long ago, we were expecting mark carney and co. were going of thisup by the end year. that does not seem to be the case now. expectations have changed. no changes expected in this week's meeting. one to be ahe next hike? lena: i think it will be quite some time before we see a rate hike in the u.k., and that will have a fundamental impact on the health of the balance sheets of u.k. banks, despite the fact that mark carney says -- anna: there are limits to the extent which they can look through higher inflation. lena: that is right. there are two elements. one is, i think the anchoring and has been right, when you have a sensitive economy which is relying on the housing market , which is reliant on strong financial systems -- all of these are fundamentally -- 80% of the economy is sensitive. that means the economy is sensitive tushar or sustained changes in financial conditions. i will consider a 50 basis point or a tradet yields w

here is what mark carney said earlier.t theains the case path for monetary policy will depend on the evolution of the prospects for demand, supply, and the exchange rate, and therefore inflation. monetary policy can respond in either direction to changes in the economic outlook as they unfold in order to ensure the return of inflation to target. >> some big changes in the outlook for growth and inflation over the next couple of years. bloomberg intelligence in london put together a bar chart that shows the picture beautifully. august, the yellow bars, inflation would gradually rise. look at those orange bars, that is from the november meeting forecast. see inflation near 3% by the beginning of 2018. remember last week when mark carney told the parliament that the boe could only tolerate so much inflation overshoot. other point we want to look at now is gdp. thought theoe fourth quarter of 2016 would be flat. now, they are looking at growth of 0.4%. it is not as bad as they thought. so bloomberg intelligence saying that the

mark carney has got to ensure the financial stability of the system.es of companies use london as a way of getting financing. all of these banks, he would banks, doing their clearing -- huge thanks doing their clearing here. anna: it is in europe's interest. we know we can go to other financial sectors like new york. eventually, probably, they can. maybe it is a case of clearing. the opposite frankfurt but new york. gu don't want to have -- not tofrankfurt, -- goes frankfurt but to new york. that would be a disaster for everyone. transition arrangements will be needed. yousef: you think they are realistic and will be implanted? what is his -- implemented? what if it is just the ecb? david: they will be advising their governments that if you do not do this, then, you know, you will have the eurozone back into recession. it is in everyone's interest. who knows, maybe everything will happen quickly and we don't need the transitional arrangements? are now, most considered experts will view transitional arrangements as being needed. anna: you can tell that

mark carney is starting to testify in a couple of minutes.s to address the fact that inflation has not picked up as he forecast so far. let's get to the news. taylor: president obama's trip to greece may not have the results greece had hoped for. he landed today in athens, the last stop on his trip. they have put debt relief discussions at the top of the agenda. president obama may have a influenceility to greases creditors. vladimir putin spoke with trump and talked about improving relations. that is according to the kremlin. current relations are highly unsatisfactory. ony agreed to join efforts fighting terrorism and they discussed peacemaking in syria. economic growth in germany flowed to the weakest in years. gdp rose 2/10 of 1%. by domesticn demand. exports fell and global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. equipment declined. tom: thank you so much. let's check the market. we are very rowdy today. up, equity markets are still on a tear. bond yields are d

carney defeated colin bonini 58 to 39 percent. the action cam was there as carney thanked his supporters the the double tree hotel in wilmington last night. he promised to address gun violence education and state employee healthcare. carney will succeed jack markell who defeated him in the 2008 democratic gubernatorial primary. >> 59 percent of voters went for the democratic state senator compared to 41 percent for her republican opponents lamar gun. >>> democratic michael purzycki has won the mayor's race in a landslide 82 to 11 percent. >> one thing you have to say is you rarely heard someone say i don't care about this election. >> they cared. >> and there's some sites that are saying that voter turnout was up by like 4.7 percent. >> wow. >> which is a little bit. it's up over the last election i'm surprised it isn't a little more than that actually but yeah a lot of people voter obviously and we had those lines that we were showing last night right here on "action news." storm tracker6 shows us we have showers beginning to bui

democrat john carney beat republican colin bonini. carney, 58%, bonini, 39%.d in new jersey, voters reject a measure to allow casinos at two locations in north jersey. 78% of people said no. 22% of people said yes. this means that casino gambling will remain legal only in atlantic city. the second ballot question in new jersey, whether the state should dedicate money from the recent gas tax increase to the state's transportation system. 54% of people said yes. 46% of people said no. when i come back in the next half hour, we'll take a closer look at that pennsylvania senate race. you're going to hear from katie mcginty after that loss to senator pat toomey. reporting live for now in philadelphia, i'm pamela osborne, nbc 10 news. >> thank you. 5:18. 52 degrees outside. the race for governor in delaware, democrat john carney beat republican colin bonini. carney with 58% of the vote. bonini with 39%. new jersey voters reject the measure -- nbc 10, our live team coverage tens throughout the morning. make sure you have the nbc 10 app for instant updates and alerts

they are called carney letter, an immunity agreement in which prosecutes agree not to prosecute. some of the allegations are serious, including leaving the scene of an accident, are alloweded to quietly leave the force and find work in other sensitive public positions. attorney general maura healy defends the carney letter deal. >> is this special treatment for officers? >> to the contrary. i think all of these situations that are taken very seriously -- carney is a way to hold police officers accountable for alleged wrongdoing when there isn't a way to against that officer. >> one expert says a new system in which the agreements are more accessible by the public would build confidence that officials are interested in transparency and not trying to give officers special treatment. >> to the economy. stocks rally in asia as the markets rebound from the lowest levels since the brexit vote. u.s. stock futures are higher. investors looking for the experts expect short-term volatility after the presidential election. boston-based new balance says it is endorsing president-elect donald

inside jason's internal affairs file 5 investigates discovered something called a carney letter. it an agreement where prosecutors grant to talk freely knowing they will not be charged with a crime. we uncovered two dozen agreements not to charge police officers across the state over the last five years. but we also found a disorganized system for tracking these cases, so there is no way to know for sure just how many there are. some of the allegations seem minor like trying to steal another officer's raincoat and badge. but others are serious, including leaving the scene of late night accident that >> is this special treatment for officers? >> no, to the contrary. >> immunity is a way to get officers to cooperate in. cases where they may invoke their fifth amendment right against incriminating themselves. >> carney is actually a way to hold police officers accountable for alleged wrong doing when there isn't a way to proceed criminally against that officer. >> it's part of the after being accused of assaulting a prisoner. this video shows the incident in question, which the offi

carney? oh, just about a man in dublin, as to whether he was alive or dead. mr. grady was backing his word with $100 gold. right? i'd be delighted to get it, but make sure you're ready with the money to pay me up when i get back. which way you betting, mr. grady, that the man's alive or dead? he's dead. oh? what makes you so sure? when a man's dead, he's dead. sounds reasonable. mr. grady, if you're in some kind of trouble... oh, no. what gave you that idea? oh, just that mr. carney seems pretty sure that the man's still alive. he's dead. well, i gotta get back to wooster. he's fixed me my favorite dish for supper. good night. a man's stomach was not created to be abused by such food as this. it's not too bad. well, not for you... but then, you've gone and found yourself a fair colleen, and sweet as the morning's dew on the roses of kilkenny she is, too. let me give you a small morsel of advice if you aim to marry the girl. i've said nothing of that. but sure there's a glint in your eye says it for you. aye, i can see the same thing in hers, too. but that's the d

grexit i fully agree with mark carney.e of some economists, the downside price seems to have been driven by hard to predict components as a consumer basket in terms of the headline measure, the ever volatile closing and footwear component, sayion fees, they do not the underlining inflationary pressures are slowing down and if i look at the price of inflation rate, the firmest rate in producer in put prices since 2011, that speaks to the views that we hold that inflation, although it may take some time, is on the way in a substantial way. mark: mark carney says there is no precise number in terms of the above gold consumer price gains, that will be tolerated by officials. is for an place injuries to port 4% in the second quarter of next year. what is tolerable when it comes to inflation? >> we see it rising somewhat higher than the bank of england does, our inflation forecast, the cpi rate of inflation will range -- reach 3% or slightly above toward the end of next year. that is not enough for the bank of england to move on

guy: jamaica back to governor carney?n has to be that he was going to go and not the full term. the full term, there is speculation he wants to take christine lagarde's job in 2021. what is the angling for, can we speculate? can we speculate he was only going to do five and he had to be persuaded to do sex? the structure is quite interest -- to do six? the structure is quite interesting. simon: putting the cynicism , he has fourd daughters. the eldest will be heading to university around 2018 and 2019 so this was always marked as the leaving date. he said last year i have personal issues to juggle with. you take that at face value and that explains why 2019 is as good a date as any. he said yesterday the personal issues have not changed, but i am willing to stay for brexit. guy: simon kennedy, thank you very much. tom keene and francine lacqua are up next. ♪ francine: count down, the fed meets, u.s. job day on friday and seven days until clinton versus jump. china markets rally after an unexpected take up in manufacturing

mark carney still expects inflation to exceed 2%. inflation was way down by the vices of clothing in october -- the prices of clothing in october. is going up, and the path that through from a 20% fall in the trade weighted level of sterling is going to come, going to build towards the end of this year into 2017. 2% expectation will be above by the middle of 2017 and stay there for a while because of that pass through. gained as muchy as 12% after announcing the spinoff of its non-shipbuilding units. splitmpany says it will off its construction equipment, electric, and robotics division by april 1. hyundai heavy reduced its workforce by more than 2500 people in the last quarter. sources say as snapchat ipo could come as early as march after its parent company filed confidentially for an offering next week. they are targeting a valuation billion,llion to $25 but one person familiar with the situation says they are closely monitoring post-election volatility and made delay the ipo, if needed. snapchat has 150 million daily active users

. >>> the race for governor in delaware, john carney beat colin bonini, carney with 58% of the vote.>>> live view of cape may. dry right now. that is going to change, not just for cape may. we're looking at rain drops falling across the area as the morning progresses. 52 degrees right now at 4:34. your neighborhood forecast is just ahead. >>> good morning, everyone. jessica boyington watching the roads, watching the boulevard right now. our cameras around ridge avenue. on the northbound side, we are watching some construction. you can see a few lanes lost right here. one lane getting by. the southbound side moving towards the schuylkill expressway doing a bit better without those lane restrictions. also watching egg harbor toll plaza, over in new jersey, watching for some construction. one of the toll booths was actually struck. the atlantic city expressway westbound just around the e-z pass lanes. there are lane restrictions approach ing that. watching 95, no delays, it's a little early for that. headed to the vine street expressway, speeds into the high 50s. mass transit everything

carney thanked supporters at the double tree hotel in wilmington. win comes eight years after losing the democratic gubernatorial primary to current governor jack markell. carney promised to address gun violence education and state employee healthcare. >> you mentioned this at the top tam. all the pollsters were wrong. >> yeah. >> that is something they'll have to figure out. >> political flap so many ways is remade how we do things, what we look at. you don't even know which direction to look in first. >> weather forecast will remain the same. >> right right. >> i think so. >> remaining the same as to what we talked about yesterday. we have looking at cloudier conditions today and some showers possible. in fact storm tracker6 live double scan shows you some of those showers out to the west. some of them are pushing into lancaster county. they are coming in from the west and it won't be too much longer before some of us start to get a bit on the wet side. taking a look outside we have plenty of clouds out there and we are looking at cool conditions

attorney general maura healy is defending the carney letter deal. officers? >> no. to the contrary. i think all of these situations that are taken very seriously -- carney is a way to hold police officers accountable for alleged wrongdoing when there isn't a way to proceed criminally against that officer. >> one expert tells 5 investigates a new system in which these agreements are more easily accessible would build confidence that officials are creating transpare transpare transparent -- transparency. >> john basler was found guilty in a crash that killed susan macchi and her daughter, juliet. he was acquitted on motor vehicular manslaughter and he's suspended without pay. probation and fans for the couple involved with a deadly tainted steroid outbreak. douglas and carla pleaded guilty to illegally hiding bank account withdrawals. they were sentenced to probation and about $60,000 fine. carla was the majority owner at new england compounding center linked contaminated steroids. >> new this morning, raising kinder kids. research making empathy a way of life. >> the boost new balanc

focusing on what mark carney will say on inflation.s might be the boe and even bigger for the following pound here -- falling pound. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. economics, finances, international relations, american politics. francine lacqua in london. i am tom keene in new york. taylor: the new fbi review of e-mails is prompting the hillary clinton campaign to pour money into states that were once considered safe here at you will return to michigan on friday and the campaign will spend money advertising there. we are talking about colorado, virginia, and new mexico. the race has grown tighter in

carney defeated republican colin bonini 58 to 39 percent. action cam was there as carney thanked his supporters at the double tree hotel in wilmington last night. he promised to address gun violence education and state employee healthcare. carney will succeed jack markell who defeated him in the 2008 democratic gubernatorial primary. >> let's take a break from all this political coverage and hear from dave murphy. >> we are a little damp this morning. storm tracker6 live double scan slows that you say showers are mainly in the western half of the region two dimensional view shows a couple light sprinkles are popping through parts of philadelphia. i was on the terrace a moment ago and that light green you see is really just drizzle but farther to the west do you have some steadier showers highlighted in darker shades of green and yellow and those are on their way a little bit later during the morning rush hour. stepping outside cloudy skies over the ben franklin bridge with rain on the way. and temperatures not too bad. cool enough for a ligh

the short version of mark carney was speaking to politicians, the u.k.orate saying, you want high prices are fewer jobs? do you want inflation in the short-term or for us to raise interest rates and start to strangle an economy we are worried is going to be strangled anyway, moving forward. dependency. they will sit on hold and wait to see how this plays out. they have to revise their forecast, both the gdp and inflation and they will sit there and -- >> we have a chart that shows blue,itish pound in the inflation expectation in the white. is that something that is a word we have to stop about -- talk about in the u.k.? jeremy: the inflation numbers are are really starting to pick up and u.k. but i don't think it starts to -- i think february will be an interesting month for the inflation dynamics in the u.k.. they can't put it up before christmas, it is suicide. anna: the high court said what it said yesterday and whether that changes the politics. jeremy: i think we still leave the eu. it is a case of, is it now postponed and does it give handle of mor

democrat john carney against republican bonini along with independent candidates carney is delaware's as beau biden died. had he been plan to go run. carney serving three times in the house. running against bow nonni a republican state senator for the past 21 years. that race for congress the seat vacate beside carney delaware would see its first woman and first african-american elected if lisa blunt rochester wins tonight facing republican hans reigle who spent 20 years in the air force. polls have been steady today. voters telling me they are glad as most of us this day is finally here. the head of the republican party knowing it is not easy for the gop to make in roads in delawa delaware. >> 22% of the population in delaware it's almost twice the national average is african-american and they vote 95% in delaware any way for democrats. so any statewide democrat in delaware wakes up with 21-point head start it's hard to overcome that this might be the first election i was like, just pick somebody already. eye i can't wait until it's ov over. >> reporter: polls close at 8:00 o'clock h

democrat john carney the projected winner.by the way is hillary clinton here in the state beating colin bonini carney is a congressman a three term congressman decided to run for governor after beau biden died. you may recall that biden was planning to run but instead carney did and it appears he is the projected winner here. he actually ran for governor back in 2008 against jack markell, didn't win but the second time is the charm. we are also awaiting results from the congressional race. there is a congressional seat up for grabs lisa blunt rochester could become in her first bid for elected out of the first african-american and the first woman in congress from delaware if she defeats hans riegle. too close to call the numbers are still coming in right now. senator chris coons the junior senator here at delaware is kind of leading the party here but one by one we are hearing local leaders and state leaders speaking. so far guys it appears to be a pretty good night for democrats in delaware. of course we'll stay on it and bri

what that at least partly says is that mark carney has helped stabilize the economy. respect he has done a pretty good job. as to the rest of brexit, the way that unfolds, it remains a major uncertainty, and having mark carney at the helm is certainly helpful. tom: our alex morales has a smart article. if you want to get up to speed terminal,have a brexit go is a good way to get to simon kennedy's world. and alex morales has a great ,rticle out on japan, nissan and the beginnings of behavior about how you do with brexit. what is the government learned about how they are going to deal with the rest of the world if they go through brexit, and the last couple of days from japan and nissan? simon: i think they are learning a lot on almost a daily basis. nissan, the business secretary who sealed the deal to keep nissan clark, is this letter out there that clerk wrote to nissan promising a commitment to seek freer free trade with europe. party wants to see this letter. to release iting on the basis he does not want to be talking to companies on a complex and proprietary inf

john carney capturing 58% of the vote, compared to colin bonini, 81,000 votes raining the two. certainly big wins for democrats in the state of delaware. >> and taking both the governor's race and the state's one seat in congress. so we know little bit about john carney, who served three terms in congress, been around for quite some time, leaving washington to become delaware's next governor. he says the death of beau biden hit him very hard, but still inspires him to keep pushing forward. >> well, it feels like the bar is a little bit higher in terms of what do you have put into this. given that, you know, and i'll never forget that as the backdrop for the start of this tan just makes me ream eyes that i got to work harder. >> and history was also made when delaware elected both the first female and first african-american inch sending lisa blood rochester to washington as us representative. she said she is still trying to just grass up this moment. >> once again still watching some senate races, the numbers still coming in thinning mo, still changing so we'll update you throug

this is what mark carney is pointing to. >> a nice impartial man.rancine: do you think dave cameron regrets calling the referendum >> i think some close to him regret it. i think he thinks it is something you have to deal with and i have some sympathy with that. >> they are set to leave the e.u. following a vote on the membership june 23 next week. which number shouldn't we believe and which numbers shouldn't we? >> it seems pretty clear the numbers have moved toward leaving. we are now looking in the internet polls around 48.5 to remain and 51.5 for leave. so not a large movement but clearly there. francine: the u.k. is still digesting the news of the labor m.p. joe cox. both sides of the brexit debate have suspended a second day. how much do we know when the campaign will resume? >> at the moment we don't know. both campaigns have taken to the sidelines today. the imf has delayed the report on brexit until tonight. a couple of polls due today are pushed into tomorrow. francine: the pound surges and campaigning resumes as we enter the final days ah

. >> this election the result of term limits in the first state, den yacht john carney won the governorship, 58% to 39%. carney takes over for democratic governor jack markell, who served maximum two terms as delaware's governor. >>> also in delaware, new mayor for wilmington. democrat michael prosicki defeated republican robert martin by wide margin, 82% to 11%, says, he will make the city government more efficient, more responsive and promises more jobs and a better education system. >> well, voters were also deciding several battle questions on election day. >> voters in new jersey rejected ballot question that would have allowed north jersey casinos, said that the casino and two north jersey counties would recover revenue the garden state was lose to go casinos in pennsylvanian new york. the proposal can now not go back on the ballot for at least two years. >> new jersey voters also approved constitutional amendment to ensure new gas tax revenues goes to transportation project. that's more than billion dollars a year, thanks to the recently enacted 23 cents a gallon gas tax. the vote al

. >> john carney won out over colon benini, 58 to 39 percent. carney takes over for democratic governor jack markell he was not able to run again because of term limits. >>> staying in delaware wilmington pick up a new mayor, michael persicki defeated robert heart inn by a big mar gain 82 to 11 percent. he will make city government more efficient and responsive and promised more jobs and a better educational system. >>> well, coming up next on "eyewitness news" much more on the political stunner, donald trump will be the next president of the united states. >>> emotional historic night as nation elects a new president ending a bitter divisive campaign, i'm craig boswell at the white house coming up. >>> and in other news, rinse harry issues a rare statement about his personal life, the lee he hade to the paparazzi on behalf of his hearn girlfriend nex i don't want to put whenmy life on hold.he, i've got a big night planned with my friends. and i want to enjoy every moment of it. that's why i use fast-acting excedrin for my headaches. excedrin ha

if you believe mark carney, the dark days of the u.k.conomy will be coming in 2018 and perhaps as rates grow gradually, perhaps with a trump presidency, maybe there are some dark clouds for the u.k. economy. there is certainly room for disappointment and upset. .ark: matthew, great to see you matthew beesley, head of global equities at henderson global investors. vonnie: llama brands began -- yum brands began trading as a separate stock. this is bloomberg. ♪ mark: live from london, i am mark barton counting you down to the european close, six minutes away. vonnie: from bloomberg world headquarters in new york, i am vonnie quinn. it is time for a bloomberg business flash, a look at some of the biggest business stories. brands began trading as a separate company on the new york stock exchange. they plan to grow prospects for kfc, pizza hut, and taco bell. growthhere is a huge potential for all three brands in the 130 countries and which we operate. it is a real growth story, that is the story for the future. tradingyum china is under the s

in the delaware governor's contest democrat john carney has defeated the republican 58-39%. he thanked his supporters tonight at the doubletree hotel in wilmington. he promised to address gun violence, education, and state employee health care. and to replace governor-elect carney in the house of representatives diamond state voters are sending lisa blunt rochester to washington to serve as their congress person. she is the first african-american to represent delaware in congress. in wilmington, the democrat won the mayor's race in a landslide 82-11%. new jerseyans had two constitutional amendments on the ballot. one asked whether to dedicate every penny of the new gas tax increase to the transportation trust fund. and do we know how that measure turned out? yes. we do. and the answer is, yes. close call. but, yes wins with 52%. sorry, they're winning with 52% of the vote. 76% of that vote has been counted. new jersey is also voting on -- or did -- on a constitutional amendment, whether to expand gambles outside of atlantic city. the no vote 79% yes, 21%. and atlantic city o

the first john carney now governor election after serving three terms in the us house former lieutenantimaries in 2008 but this time winning that seat. we had chance to talk to him a few minutes ago. >> when beau biden passed a way things changed for you. can you talk about the ride from there to here. >> well, it feels like the bar is a little bit higher in terms of what you have to put into this given that's correct you know, and i'll never forget that as the back drop for the start of this and, um, it just make me realize that i got to work harder. >> reporter: and congresswoman elect lisa blunt rochester the first african-american from delaware. she says her inspiration comes from her husband who passed away of a blood clot she says he's still with her. she remembers a story of a family that was at the grocery store getting some grapes and couldn't pay for them. she says that helped to inn spear her. >> that totally changed me. and i listened to the negativity that i was hearing across the country, and at the federal level, and instead of sitting back i just said i want to step up.

defending the carney letter deal. >> is this special treatment for officers? >> no, to the contrary. all of these situations that are taken very seriously -- >> carney is a way to hold the police officers accountable for alleged wrongdoing when there is not a way to proceed criminally against that officer. >> one policing expert tells 5 investigates a new system in which these agreements are more would build confidence that officials are interested in transparency and not trying to give officers special treatment. randy: eight minutes after 6:00, there is prison time for a massachusetts state trooper, a suspended trooper convicted on drunk driving charges tied to a deadly crash. john basler will serve 120 days in prison. he was found guilty on drunk driving and other charges. the 2013 crash in plymouth killed 64-year-old susan macchin juliette. bassler was acquitted on motor vehicle manslaughter and remains suspended without pay. probation for a couple connected to the framingham pharmacy involved in a deadly tainted steroid outbreak, douglas and carla conigli

mark carney ones that profitability is a long-term problem. carney says the biggest risks are global, underlining the italian referendum, european elections, and china as key threats. is "bloomberg surveillance," with francine lacqua in london. a great show today. it is decision day in vienna, the crucial opec oil meeting. we bring you the best analysis on the prospects for the first agreement in eight years, and what it means for the world economy. as well as the scotland fails multiple hurdles in the bank of england's latest stress test, we break down the implications. whatever the outcome from opec, what are the prospects for world energy markets? we have a great interview with someone from the international energy agency in 30 minutes. first, let's get straight to first word news with sebastian salek. seb: the royal bank of scotland failed multiple levels in the bank of england's toughest-ever stress test. capital inadequacies were revealed at barclays and standard chartered, neither was required to make a revised capital plan. the test al

congressman john carney is the democratic nominee.of them vying to replace current governor jack markell, a democratic who is wrapping up his second and final term. tis congressman carney is giving up his seat to run for governor, there's a battle to replace him. lisa blunt rochester is the democrat on the ballot. if she wins, she would be the first woman and first african-american from delaware elected to congress. she's running against republican hans regal. >>> tonight, about 8,500 absentee ballots may not make it to montgomery county by tomorrow's 8:00 p.m. deadline. a county judge extended that deadline from friday when it became apparent more than 17,000 ballots would not make it back in time. in an exclusive interview, a county voter services insider tells nbc10 investigator mitch blacher why this should have been avoided. >> how are you? >>. >> reporter: regina's son requested an absentee ballot two months ago. >> it's like the big if every day. >> reporter: gianni just turned 18 and away at college, it's his first chance to v

((take pkg))runs: 1:22out: std chyrons:0:00-0:04 karen carney / spokesperson, will rogers world airport0:16-0:24 captain paco balderrama / oklahoma city police department 1:15-1:22 jackie ibanez / fox news correspondent (on-cam "fox news" tag) ----------------------------- ----------------------------- ----------------------------- ----------------------------- ----------------------------- ----------------------------- -----------------carney says: "i want to extend our sympathies to the southwest employee that lost his life." the oklahoma city airport goes on lockdown tuesday... after a suspect shoots an airport employee before apparently killing himself. the victim... michael winchester... a southwest airlines employee ... was rushed to an area hospital.balderrama says: "we were able to very quickly, number one, find the victim, get them transported to an area hospital, but unfortunately they did die at the hospital." flights were grounded at will rogers world airport... and everyone in the facility was ordered to remain in place... while they searched for the suspect. but authorities

bank of england governor mark carney is scheduled to be quizzed by parliament treasury.ousef: a banker for the masses. theresa may tells an audience in the city of london that there to globalization and capitalism can work for everyone. anna: the goldman connection. will donald trump's finance chairman hold the top role at u.s. treasury. yousef: not exactly flying high. on theirt planning projects. stay tuned for that and much more. this is bloomberg. ♪ anna: welcome back. you are looking at live shots of hong kong. 22,000 on the hang seng right now. up by 0.4%. we have seen a reversal in many trends in markets today compared to earlier this week. let us get the bloomberg business flash. juliet: reynolds american is seeking the highest price from british american tobacco after rejecting a $47 billion buyout offer as too low according to people familiar with the matter. they say the companies are in talks and bnp is willing to increase the price slightly. it already owns 42% of reynolds, the second-largest cigarette seller in the u.s. estee lauder has agreed to buy forcos

mark carney is scheduled to be quizzed by parliament committee. peter is still with us. to the u.k.kly. this is gilts versus treasuries. treasuries are back to zero. gilts are underwater. they have suffered a little more in the last few days. what is the trade? >> one of the reasons they have suffered is the rise in inflation. currently, i think, we see a rebound of sterling. i think this is also going to help the inflation expectations of it. i think there is a good chance to get involved because mark carney is not going to raise rates even if inflation stays above the average. matt: when do you think we will ecb start tor the get pushed around by the markets? when do you think we will see the bond vigilantes, and force the central banks hand in europe? >> if we stay in the continent of europe, i think it is going to be very tough. it us face it, inflation, even if it calms, is going to be years behind where the u.s. and where the u.k. is. i think the ecb as unlikely to change their policy in terms of rates. qe, the ecb has to stay the course for the time being. i think that is goi

mark carney said the boe has a neutral bias going forward.act that they also said they were going to be less tolerant to above bucket cpi, the market interpreted that as a hawkish signal. basis point.one we are generally seeing money move into bonds with those election jitters and a move toward saint havens. no surprise that we are seeing stocks ran pretty much across the board. looking at industry groups on the stoxx 600, down 0.5%. health care stocks leading the losses, down 1.3%, followed by financials. commerzbank and bmw year-to-date , these are two of the worst-performing stocks on the dax this year. commerzbank down 37%. bmw down 23%. i am focusing on these as well as richemont. let's see how richemont is doing. it unveiled a sweeping overhaul of top management and its board as it grapples with plunging sales of luxury goods. taking a look at commerzbank, it expects to post a full-year profit after costs tied to the the germanaul pushed lender into a third-quarter loss. still waiting for bmw to open. third-quarter profit rose as demand

i think this move, carney said he would stay on for a wild.blanchflower, economics professor at dartmouth college. anchor: coming up, what you need to know to gear up for tomorrow's trading day. this is bloomberg. ♪ scarlet: "what'd you miss?" the fed did exactly what it expected to do, nothing. and stocks did what they had been doing, continue falling. saw that,st time we during the eurozone financial crisis. scarlet: tomorrow, credit earnings, 2:00 a.m. eastern time. anchor: that is tomorrow. scarlet: it feels like tonight. anchor: if you go to the bars and come back, well, so don't miss this. that will decide whether theresa may can go ahead herself without asking permission from parliament, and file article 50. at 8:30 a.m., i will be looking at u.s. initial jobless claims. it has been solid and we will see if it continues that way. scarlet: another lead on the labor market before the big jobs report. joe: we'll see you back here tomorrow. matt: looks like the democrats think they have this one in the bag. john: on a day when the new york

reports suggest mark carney will leave u.k.rates unchanged through his time at the bank of england. inflation will hit 3% by the second quarter of next year, and the u.k. growth will ship from consumers to trade. but the prediction is that rates will still be at 0.25% when carney leaves in june 2019. it is less than a year before the german election, and immigration and turkey remain high on the agenda. the code leader of germany's green party says turkey is a long way from joining the e.u. it is not realistic to expect turkey to join the europeans. , thatot see that erdogan turkey is moving toward europe. turkey is moving far away from europe, discussing the death penalty, cracking down newspapers, opposition politicians -- just elected mayors lose their jobs because our demand is not democracy. seb: global news powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. a swiss-based asset manager is adding a new quality fund. it expects to return more than 10%. he currently manages seven

some conservative lawmakers criticized carney, calling them political.ulled backuse has against accusations from some democrats that the fbi case isn't a very with the presidential election. the president obama spokesman says he does not criticize comey reopening the e-mail case of hillary clinton. >> he is a man of integrity, a man of principle and a man of good character. the president does not believe that director comey is intentionally trying to influence the outcome of the election. he does not believe he is secretly strategizing to benefit one candidate or one political party. he is in a tough spot. haidi: officials have arrested the editor of a major newspaper on suspicion of involvement in july's coup. renewedt erdogan has his purge after the uprising and promising to restore the death penalty for treason. they say it is the end of media freedom in turkey. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. angie: china's stabilization continues into the fourth quarter as o

mark carney tells leaders to stop blaming central banks for the state of the global economy. we'll bring you the latest u.k. on employment numbers as they break. ♪ francine: let's get straight to the bloomberg business flash. here is nejra cehic. nejra: abn amro has reported a 19% jump in profit, helped by net interest income. a beat ofcome came in analyst estimates. a dutch lender that returned to the stock market last year also said it would cut another 1500 jobs as part of a cost reduction plan. business was u.s. the most profitable among european investment banks in the first nine months of the year, according to first ever filings filingsecord -- required by american regulators. it made a pretax profit on revenue of $3.87 billion. credit suisse lost money in the states because of restructuring costs. and company has filed confidentially for an initial public offering, according to people familiar with the matter. one of the people said it filed papers with the s.e.c. before the u.s. election and is targeting a valuation of as much as $25 billion. a listing could come as

emily: the ceo of brocade, lloyd carney. not sure if that is good or bad.happens to him in this deal? ian: what happens to most people who sign on to work for hock tan at an executive level as they end up looking for work elsewhere? is very good at consolidating and saving costs, so that is normally his playbook. emily: qualcomm shares, fantastic quarter, but shares not necessarily responding. what is going on? ian: qualcomm had a very good quarter, said everything in china is wonderful and they got paid for a lot of licensing that they have been struggling. you remember the legal problems they had. when you look at what they are saying about the karen quarter, they lost -- current quarter, they had a problem with one of their phones. qualcomm was a big part of that of ordersthe losses in the iphone and galaxy cancellation basically pulling back orders of some of its chips. emily: can the industry continue to consolidate at this pace and you expected to? ian: my data has gone from 30 companies to less than that so that is a fair observation. ceo saying ashe

carney had been called upon to resign by some politicians who support an exit from the european unionearly departure could have been unsettling to the markets since concern over to impact of brexit sent the found its lowest level in decades. by making it six middle ground as posed to outright extension. >> are people upset? >> about his splpoliticalizatio. he settled for six to make sure they see-through the full kind of brexit. the pound rallying on the back it but settled down. >>> yum brands spinning off its china business. yum china holdings will start trading on the new york stock exchange this morning under the ticker yumc. the fast food giant facing big challenges in its fastest growing market. what can we expect from yum china? >> reporter: well, sara, yum china is refaripreparing for a celebration. after the spin off the company will have $900 million in cash and no debt. with that more financially strong position they will be able to move important aggressively into the market. that's the hope. they do have a lot of challenges in the third quarter they saw anti-u.s. sentimen