mark carney's final press conference. would like to point out, we almost made a bet whether they will cut or not. i will not take a split. this is what the market is pricing in. this is an extraordinary chart. 8% cut in december. then soars to 70%. then it is 50-50. is it the carney speech? is it the data? it is his last. >> there is an element of is carney doing to do a draghi and leave with a cut or a meaningful end. what the market is looking at is the data. the u.k. data has been slowing, particularly on the inflation side. we are seeing inflation falling quite sharply in recent times. now obviously we are at 50-50 as far as today's meeting is concerned. if they don't go now, they should go based on data alone. if they don't go now, the market is going to continue pricing in the chance of a cut in the spring. which is what we have at the moment. as far as u.k. assets are concerned, we haven't really recovered all of the brexit premium that was built into u.k. assets. there is room to go there. francine: there is talk

carney: a big question.e go from the general to the specific in terms of forward guidance, it is part of the armory of every major central bank the world over. it is not the only, it is one of the key tools that we as central banks have, and it is particularly relevant in the following situations. one, when equilibrium interest rates are low. secondly, when you are at turning points either in tightening policy or loosening policy, to provide some dimensions around that. , at think the jury is in least on forward guidance and the utility in general. secondly, i will refer back to commentsts, part of my to chris giles, which is where it is relevant here is a couple ,f big calls the npc has made initially in terms of trying to secure the nascent recovery, providing guidance about rates, and moving the market off what was a demand driven reaction , and about the low level of rates for a time. then, when moving into tightening modes, the degree with which rates might move, which is when limited and gradual is par

bank of england governor mark carney has his final meeting of the boe.s and traders are split over if they will get the first cut since 2016. traders see about a 45% chance of a cut later. it is the most divided they have ever been this close to a decision under carney. goldman sachs, hsbc, and morgan stanley are among the banks calling for no change while deutsche bank, barclays, and not west are among those predicting a cut. nejra: a wild ride and those money markets, as you were pointing to. at one point, we got to 70% following inflation and retail sales data, but then the soft data we have had since then -- the surveys, the pmi, cbi manufacturing expectations and optimism, and then a survey from lloyd's yesterday pulling back those bets, and now, as you say, we are pretty much at a coin toss in the markets as to if we get a rate cut. if we do get that rate cut, it would be the first since 2016. economists expecting a 6-3 vote, but the question is -- how much does the bank of england focus on survey data? do get a hold today, how dovish will be bank

coming up, mark carney will meeting.er we will bring you live coverage of the rate decision at 12:00 p.m. london time and his final news conference at 12:30 right here on bloomberg tv, and we will discuss it next. lust, what is keeping traders up at night? is keeping traders up at night? what do you need to know? we will discuss right here on bloomberg. ♪ this is bloomberg daybreak: europe. i'm nejra che pitch in london. manus: here is what you need to know for the day ahead. covers 650 professional traders. this is what keeps them up. >> we have in the markets trade concerns, central banks and beyond, but above all else, traders say the number one fear is the lack of liquidity and this is at least the second year in a row it has been the number one source of anxiety in the jp morgan survey. the questionnaire was conducted before the middle east tensions between the u.s. and iran flared up and before the latest coronavirus outbreak, so those are noticeably absent from the list. still, liquidity worries earned nearly twic

me backfill on that the question was explicit about the bank of england tomorrow and whether mark carney is likely to pull the trigger on a rate cut ana clearly doesn't believe the transmission works really well with negative interest rates from the ecb or near zero interest rates from the bank of england. that is just a message she'd rather not see that move in interest rates lower tomorrow from the bank of england to address your question specifically, i think it was fairly clear from what she said that the real growth at the moment is coming from the americas when you look at what they get out of brazil, it is in excess of 20% for europe as a whole, it is 11%. 11% on the face, not too shaby that might compare with some of the numbers you see from bigger u.s. banks, like citibank on their fourth quarter but she doesn't feel that that is good enough and is perhaps a reflection of the underlying weakness we are seeing in the european economies one of the key messages she was putting across there is while they continue to hope for some recovery in business activity in the european space,

i am also looking at pound after the mark carney comments.points to go when it comes to monetary policy. tom: when do we get governor bailey echo francine: march 16. mark carney was set to step down, but they extended his contract for about six weeks. the what is so important is melt up continues, remarkable to see where we are versus even three trading sessions ago. francine: first emma let's get to bloomberg first word news in new york city. thatna: the boeing 737 crashed in iran tried to turn back before plunging to the according to iranian regulators are the ukraine international airline said it disappeared from radar at 8000 feet. the witnesses saw it on fire in the air. all 176 people on board were killed. will has now confirmed it find the first deep phase of a trade deal next week. -- the top trade negotiator during the tariff conflict, the u.s. has agreed to suspend plans for a new tariff on chinese imports and it is also reducing existing levees. prince harry and his wife, meghan markle, may become stars on the public speaking circu

carney torched this at the beginning of january, didn't he?himself to that we shot up to an 80% probability of a cut. are you 50-50 on a cut? >> i'm never 50-50. i don't think the bank of england will cut. i think it will be a split vote. 6-3 in favor of no change. we had a theory. it is not just mark carney. also had other mpc members talking about the prospect of a rate cut. i think carney will be one member, the most important member who will say, there has been sufficient positive data since mid-december. it is survey-based data. u.k.ggests the way -- economy has picked up since the divisive election annulled. that will be enough for them to hold their fire and give the problem to the new bank of england governor. fire, willhey hold we see a more severe repricing in the bond market than in cable which has remained resilient? simon: i wouldn't expect a big movement in gilt markets. there is still a fiscal event in q1 for investors to look out for. that is the budget on the 11th of march. in terms of the long-term issuance pipeline, and also

philip carney had arrived. that's how insulin. what a moment, how has this not been written about? these are the things that paintings are made of. philip carney emerging with the sword and his only good arm, these are the sexy dreams of historians, are they not? and yet the battle of williamsburg is forgotten. would you buy that painting? both sides comment on this. let's pause and think about these two things. william king. he's in the company, 20 years old, killed. his colonel commanding the 74th new york says that he had 140 man killed. are you convinced that the most important battles deal with body count, try this on. it is the 11th on the list of regiment that take the heaviest casualties, and where? williamsburg. the 72nd, 77 men killed, wounded and missing. they lose more here than any other contact. the seventh and eighth new jersey -- should i go on? >> yes. >> thank you. well played. in the foxes book williamsburg is the seventh highest battle for the proportion of wounded men killed. seventh. so for those of you that are morbidly fascinated by body count and that is fo

philip carney emerging with his only one good arm. "the star-spangled banner" toodling and yet the battle is still for in your library? so there is a pause on the battlefield. both sides comment about the pause. let's think about these two men, william keane up top, company b, 74th new york, he is in a zouave co. 20 years old, killed. his commander had 145 men killed in 45 minutes. so if you are convinced civil war battles have to do with body counts, try this on. the 70th new york is the 11th on the list of regiments that take the heaviest casualties. and where? williamsburg. the 72nd, 77 men killed, wounded and missing in williamsburg. the 60th new jersey loses more in williamsburg than any other. the seventh, eighth new jersey, fifth michigan, should i go on? thank you. well played. in foxe's book, williamsburg is the seventh-highest battle for the proportion of men killed. seventh. for those of you who are morbidly fascinated by body count, try this one on for size. tipton davis jennings and the 11th virginia, one of the men who g

is your job going to be easier now that carney is going?s the departure of the unreliable boyfriend going to make it easier to understand the bank of england? christian: well, we got used to mark carney over the last six and a half years, and we know that the bank where you have np mpc members -- external mpc members and internal ones. have to remember that the external are the ones that have driven all of the most recent moves. the internal ones have actually been quite consistent. i don't expect that to change, to be honest. i think it will be more on the slow-moving side, especially with all of the political pitfalls in brexit times. externalsin be the who will be surprising us every once in a while. what this meeting has shown is that the internals prevail, and that means no change this time around. guy: stick around. we need to talk about what happened with the fed last night. christian schulz joining us from citi, global director of european dynamics. alix: let's take another look at markets as we continue to trend to the downside. ka

bank of england governor mark carney says it has become impossible to overstate the impact of climatepretty clear that if it is not the biggest problem, it is in the top three. viviana: and hong kong's leader is under pressure to resign, but carrie lam tells bloomberg she won't run away from a city in crisis. carrie: i will do my utmost to stay in this position, to help arrest the current situation. viviana: this is bloomberg. ♪ ♪ viviana: you are watching "bloomberg best." i'm viviana hurtado. this week marked the launch of bloomberg green. this new initiative aims to become an indispensable guide to understanding the scale and impact of climate change. it features news and analysis with an emphasis on helping find solutions. we are using clear data and rigorous reporting across all of bloomberg's platforms. this year, for the first time, the top five concerns at the world economic forum were all related to the environment. the conference theme, stakeholders for a cohesive and sustainable world. in an onstage conversation for bloomberg's francine lacqua, bank of england chair mark ca

mark carney definitely picked that up yesterday.o act decisively if the data continue to stay weak. as a result, the pricing of bank cuts this rate year, now 50-50 for a cut as early as may this year. the interesting thing, carney was speaking at an inflation-themed conference and didn't have to say anything specifically about the u.k. economy, but he did. he's done this before, trying to get messaging to investors about what the bank of england will do at its next meeting. they may not cut rates the next time, but they are leaning in that direction. we have the bank of england speaking today. matt: how does this affect the pound? richard: i think that if we get in earlier than expected bank of pound, rate cut, the cable could get down to the 1.28 level we saw in november, perhaps even more if the rhetoric is more dovish. did catch people yesterday, and it is the beginning of messaging that the bank of england will act decisively to deal with the weaker data we talked about. matt: richard jones is pumped about this. i can tell this

to annie carney, to ashley parker, to shannon petty piece. coming up for us, the president tries to keep a nation focused on his reelection and not his impeachment trial in the senate. >>> and later, accused felon lev parnas said he should be the senate's number one witness. but is there proof for all the things he's saying, and for that matter, again, what about witnesses? "the 11th hour" just getting underway on this thursday night. ♪ some things are too important to do yourself. get customized security with 24/7 monitoring from xfinity home. awarded the best professionally installed system by cnet. simple. easy. awesome. call, click or visit a store today. >>> a republican senator from arizona was having none of it when cnn's veteran capitol hill reporter manu raju approached her for a comment shortly before the impeachment got underway on capitol hill. >> senator mcsally, should the senate consider new ed's as part of the impeachment trial? >> manny, you're a liberal hack. i'm not talking to you. >> you're not going to comment, senator? >

the first press conference of 2020 will be mark carney's last press conference as governor my colleague joumanna there now live outside of the bank of england. how divided is the market and how much has that changed in the last you few weeks is. >> great question. the market is pretty much 50/50 about the rate cuts happening today. some of those expectations have been dialled back. but the market really doesn't have a solid idea of what they will do today. let me take you back to november we had two members of the committee vote for a rate cut since then, other members have sounded dovish and thrown their hat into the ring and said if the situation doesn't improve, they could warrant an interest rate cut and even the governor has sounded more dovish as of late adding up to four or five members voting for a cut, then we will get a cut today. you can see since the general election, we have seen an up tick consumer businesses has seen the biggest improvement since 1958 there is momentum building you can expect members to watch that and say, it are may be a bit premature to consider the cut

david goodman from london on mark carney's finale as the bank of england governor. yvonne, thank you for your reporting from hong kong. bring us up-to-date on where we are right now in china with the coronavirus. meeting in the emergency committee on whether to declare this coronavirus and international health emergency. what is different this time from a week ago when they refrain from declaring this and international emergency is the concern of transmission without symptoms. you see more evidence the disease could be transmitted to people before they show signs of illness. we have learned that from one case with a 10-year-old boy diagnosed with the coronavirus and display no symptoms. this makes controlling the disease that much more difficult as the numbers continue to ramp up. more than 8000 cases in the death toll rising to 170, all of which have occurred in china. we have learned that countries like india and the philippines reporting their first case is now, and a cruise ship in italy under lockdown with 7000 people on board after one passenger display some s

yes, there will be greta thunberg, but there will also be mark carney, one of the most important bankersr head of the bank of england, and there will be larry think who speaks for blackrock. the biggest investment fund in the world. and they are leading the way, saying it is a money problem. so there is a stanford university study which will be presented in davos which has put a price tag, so the world needs to find $73 trillions to change the way we run energy, to transition to carbon zero economy we need $73 trillion. where will it come from? did stamford come up with the answer? no, but the eu which is one of the richest blocs in the world has taken this direction very clearly, there will also be the new commission president in davos with the new green deal which has put the money on the table. and basically this plan is very detailed, the green deal from the eu, it has been analysed last week in the european parliament, and it is real. it is basically putting a lot of money, 100 billion euros for the time being, which is going to go where it hurts, so how do we close down the carbon

let's go to mark carney who is speaking. the uk's historic withdrawal from the european union tomorrow evening. 0n the economic front, the bar is more modest. at its december meeting, it had projected that uk growth would pick up from below potential rates, supported by reduction of domestic uncertainties and a modest recovery in global growth. 0n uncertainties and a modest recovery in global growth. on balance, early indications are that both conditions underpinning the project uk recovery are on track. the most recent signs are on track. the most recent signs are that global growth has stabilised, reflecting the partial easing of trade tensions and the impact ofa easing of trade tensions and the impact of a significant loosening of monetary policy by central banks of the last year. the global manufacturing pmi has returned to expansionary territory, helping push the composite pmi expansionary territory, helping push the composite pm! to a six—month high in december. the hard data seem to be following suit but global produc

mattel was 28 minutes, no carney is doing it for 28 minutes carney sexes smash and grab.ing i've learned carney happens fast. >> he's right. >> one more question. >> are gonna risk it also jeopardy? >> there's no rocking jock 50-point of you get it right you get it wrong. here we go. west palm beach sheriff was allegedly forced to resign after photos surface that showed him handcuffed a pole inside a local strip club. is it fake news or something that happened in the state of florida? steven can see gets it right. steven kent puts us at a believe a time form for. >> that mean we fight? >> rigged rigged. >> is her time for remorse okay with the booth a grandmother's been called a hero after she pulled out her teeth to scare a naked burglar off the porch is a fake news or florida? for three points for the when it is florida steven kent you are the champion. >> of victory victory. >> this guy deserves to be in jail the guy granny with the teeth that is the best part. congratulations to steven kent. well done well done. kennedy: how did you do read the big winner? fantastic.

america can do better and carney county proved it. thank you. >> thank you, professor walker. the chair now recognizes ms. anne-marie fennel, director of the natural resources and environment team at the u.s. government accountability office. you have five minutes, this final. >> chairwoman, ranking members of the subcommittee, thank you for the opportunity to discuss our report on how the forest service bureau of land management, fish and wildlife service and national park service protect their employees and secure their facilities a crew gets nearly 700 million acres of land. my statement today summarizes our findings.. for the four federal in management agencies, i will discuss, one what is known about the number of threats and assaults against their employees. two, approaches agencies take to protect their employees, and three, the extent to which the agencies met federal facility security requirements. first, available federal law enforcement data showed a range of threats and assaults against the four federal man land management agency employees, through the years 2013 t

an onstage conversation with francine lacqua, bank of england framed itmark carney, for business and is easier if you know where you're going. the clarity of objective and ifection of the policy, even it is starting relatively small with a clear directory or a , all of thosert things signal to individuals, companies, investors where to put their money. ith the market will do is will pull forward adjustment. it will act more rapidly than policy will help fill in. attitudes and pressure also help shape those decisions. i think that is part of what we are seeing in terms of the response. finance,nse, again in if you look at it, you have the core of the financial system -- they want information about the transition. they're going to different views on where to put their bets and that is fine. the bank of england and other central banks will do this as well. testing their banks for transition to net zero. the most complex financial system, that is what we are doing. at the core of the system these questions are asked. are you on the right side or the wrong side? if you are on the wrong si

the next morning later takes us with her back to her hometown of new via carney which is not far from kruger park. she usually works 21 days in a row then has 10 days free when she can. the region is underdeveloped economically there are very few prospects. for south africa news or unemployed it is a desperate situation. i have to provide for my family i have to take my kids to school and i'm not waking . everything. people. just want to see. because they need money. people need the. economic situation is also. local mines where her father used to work of closed down you no longer works nor does her mother only 2 of her 6 siblings are employed her father is glad later on has a good job. on for. as is my get is ready. to feed norway. so i'm right i'm good if she's with you it's on it's myself it's not i don't feel i don't feel a present my parents have been going through and that's raising me and my other siblings so it's time flies to provide for all of our lives well myself it's good to be born in a big family because if i don't have something i can do better my thought is that he's

look at this matthew carney 7 i didn't do all this you wouldn't see what i'm doing all my stunts you know i don't know stunt man just whatever it is tom cruise can do all his stunts i can do all my stunts and we got we got about 3 days a day it's a whole lot easier doing a fight scene and trying to fall out of a window and all that kind of stuff at 25. 50 say thank god for special effects. bad boys 3 does have plenty of those. but it's also about the 2 cops ride and die friendship that gets put to the test when an old enemy resurfaces. but not just black would do what. some of the jokes have an edge to them a lot of them though are just about being middle aged right about the. poor here is still cool even with classes these are like the. less you gonna do when we find. a. new never will never do that again. it's just here from our culture desk now this is an action movie but as will smith said there are a lot that's a bit unusual for an action movie as it is what this is you know this is the middle aged action comedy that everyone has been waiting for all this time it's finally here

why has he remains silent about the plight of the weekers in china what our interview with enron carney a on january 20th starts 730 u.t.c. town around many and more right now services are in danger of extinction to go as their origins are surprised by hunters played to make about a m. the black mamba goods south africa is only all female group of bark rangers are trying to prevent that me beat was joe that up doing haven't put in by lightning to delay lead at x. reason every day they fight against poachers in the balloon lou game reserve or on the outskirts of kruger national park us going to where men do this more successfully than med the size it's 6 am late to mco bros shifters a brought begin normally you don't get legal limit go on that one little but i slept with a steak. knife it was just because they didn't work it was too slick and simple. for them to stick i mean is that it that. later the lives of the black members at a small camp in the national park close to 30 women are involved in the project each morning they start their work day by going out in small groups to check th

the next morning later takes us with her back to her hometown of livia carney which is not far from kruger park. she usually works 21 days in a row then has 10 days free when she can see her family the region is underdeveloped economically there are very few prospects over how from south africa news or unemployed it is a desperate situation if. i get to ask them questions and then they told me that. i have to provide for my family i have to take my kids to school and i'm not waking up when i studied i can also use my hands to build houses and everything but to get any job and then that. people are not just poaching because they did just want to see all the any must state they are pushing because they need money and that's where you can see that people need to be employed to. support economic situation has also had an impact on laitos family local mines where her father used to work of closed down you no longer works nor does her mother only 2 of her 6 siblings are employed her father is glad later on those are good job own feeling good. as is my get is ready. to feed new york. so i might i

manus: that was mark carney, the bank of england governor, talking about the theme in davos for this lines coming through across the bloomberg at the moment. u.s. setting the rules and bandwidth on the impeachment. today, lots -- let's ask the devils mliv question. how much will he is be drive investors in 2020? join the debate on your terminal. that is for bloomberg users only. mliv has their question of the day. how much will yes g drive investors in 2020? tune into the devils coverage. not much has changed. a lot of talk, not much has changed in regard to omissions. let's get more on the stories making the agenda. live fromstick is davos. good to see you. truck -- what has been the reaction? >> when trump had spoken yesterday, there was pushed back almost immediately from oxfam, a charity that focuses on inequality. another from greenpeace. green peas has said that if you are focused on jobs, there can jobsbs created -- can't be created unless there's a healthy environment to have them in. listen, trumpwas, is so focused on the u.s. energy and oil market, how does that pair with s

11 a doubles match decided the title jack of it partnered with viktor troicki to beat space pablo carney open stack and then see how no lopez 6364. you're watching it every day is coming up next in news asia kill gone to the moon and back to the japanese billionaire looking to take a life partner on his lunar adventure and yes you can apply. and the dams on the mekong that are choking the waters of one of the biggest river systems in the world. and all that and a whole lot more coming up with your spanner to your washing the dough we use for going to get you can get overly juiced by having to go to our website that dot com a little wrong in berlin condi half of the newsroom thank you for watching see the top the hour. europe. but what unites. what divides. the money is the driving force. what binds the continent together. right answers and stories aplenty. spotlight on people. focused on europe on t w. every 2 seconds a person is forced to flee their home nearly 71000000 people have been forcibly displaced. the consequences of the disastrous our documentary series displaced depicts drama

had to become more green and consider that in its forecasts mark carney the outgoing back of england governor taking on a climate advocate role at the un that in the statement itself a high public official like this in such a visible role advocating for climate at the united nations what about if i could thank you so much and catch up with you later again. yes. gratian media calls it knows to defeat the most difficult test of the country's maturity sense and dependence croatia the youngest member of the european union has just assumed to the 6 month rotating presidency of the council has yet to adopt to the euro it will tell the country's tourism and business but not everyone sings croatia's economy is ready to join the common currency. for the croatians the treasured national currency is more than just a means of payment it's a symbol of their national independence croatian see the stable and reliable even though it's an e.u. member croatia has been reluctant to join the european common currency the euro. the euro is better for us but we love our kuna that's our national currency. m

but this is not the order of leadership is not being determined by that what prime minister mark carney saying or some of the kind of hard from a number of politicians in pakistan or all of last year in which the art of science is always brought up and it's always mentioned why do you think that keeps happening. because i think it's not where it's a good excuse for august son to not look at the real reasons for the for the state of the relationship between india and pakistan because obviously the india by this than dollars did not and i in the last few years since the bee to begin to power. a spin in a in about shape or right away and saw those that i think i think might have lots of disagreements with the busy bee and without us and so on i don't think it is right to blame them alone for the state of the relationship if you were to call that. prime minister morley did make an improv do with that event to love or to visit with the previous prime minister as a bit of as a gesture of goodwill there saw i don't think that there are. they're not like us that have visited events with a video

commission president has a lot fund a line and mark carney the outgoing bank of england governor is going to take on a role taking over a special envoy to the united nations for climate action and finance a very high profile position change there and investors in monaco are already flocking to green finance the demand in many cases outpaces the offerings out there so investors are eager to get on board for this in many cases at least but only lesson from fits thank you as always for the update. so the topic of climate change other than this necessary shift from fossil fuels to clean energy has reached the financial world and one of the main proponents for a green economy is economists the theorist jeremy rifkin hearing is a washington correspondent all of us ali caught up with him to hear more about his use i think what people don't understand is entire civilizations made out of fossil fuels are fertilizers and pesticides are construction materials are synthetic fiber are packaging. food additives and preservatives our power our transport our eat our light everything so what's happened no

if i take the words of mark carney, the governor of the bank of england, companies that fail to adjustransition and this changing world, they will fail to exist. so she seems optimistic, and in addition to investors, of course, there is some pressure from consumers as well. so microsoft sending this message that they are going to achieve this very ambitious target will definitely be sending the right kind of message among businesses. really interesting, thanks very much. let's go to china now, where official figures out in the last few hours confirm the economy is at its weakest since modern records began. growth in the last three months of 2019 was 6%, unchanged on the previous quarter. that puts annual growth for the year at 6.1%, the slowest year since 1990. let's get more on this story from our correspondent in beijing, stephen mcdonell. stephen, the stock markets, though, in asia have responded quite positively. i suppose it could have been a lot worse. yes, well, i mean, there's no doubt that this headline is going to... this headline figure is going to... this headline figure is

what prime minister mark carney saying is some of the fear of hard from a number of politicians in pakistan or all of last year in which the art of science is always brought up and it's always mentioned why do you think that keeps happening. because i think it works a good excuse for a son to not look at the real reasons for the for the state of the relationship between india and pakistan because obviously the india parks and gardens did not and i in the last few years since the bee to begin to are. it's been you know in about shape for quite a while and saw those that i think i think might have lots of disagreements with the busy bee and without us us and so on i don't think it is right to blame them at all on or the state of the relationship if you recall that. prime minister morley did make an impromptu with that event to lahore to visit with the previous prime minister as a bit of as a gesture of goodwill there so i don't think that there are. there are like if that happens i commence with a video analysis on these issues on it already is issues but this is not one of the issues on whic

one as soon as this month potentially and we had mark carney himself saying they have the space to cutd to and he hears that argument. this morning, we heard gdp data which was unexpectedly worse than any of us expected. it was a contraction in november. there will be a lot to look at before we get to the january 30 meeting. >> u.k. inflation data slowed to a three-year low in december, clearing the path for a potential bank of england interest rate cut at the end of the month. >> inflation came at 1.3%, well below analyst forecasts of 1.5% and below the boe's 2% target. today, we heard from michael saunders, the leader in charge for lowering and he says the bank needs aggressive stimulus to take the cut have the risk inconsistently low-inflation. >> in the last few minutes, gdp data from germany confirmed the extent of 2019's slowdown. gdp grew at 0.6% last year, the weakest in six years. despite the sluggish data, the governor says the risk can almost be ruled out. >> there is no doubt that the german economy had a horrific year last year. it is heavily dependent on exports, especial

mark carney's last meeting at the end of this month, it had been considered previously a pretty deadeeting, but now we have various policy makers coming out. we already had two of the nine voting for rate cuts. now we've had two more saying if the data doesn't improve, they will vote for a rate cut. one as soon as this month potentially and we had mark carney himself saying they have the space to cut if they need to and he hears that argument. gdp dataing, we heard that was unexpectedly worse than any of us expected. it was a contraction in november. there will be a lot to look at before we get to the january 30 meeting. >> data slowed to a three-year low in december, clearing the path for a potential bank of england interest rate cut at the end of the month. 1.3nflation came in at percent, well below analyst forecasts of 1.5% and below the boe's 2% target. today we heard from michael saunders, the leader in charge for lowering and he says there needs aggressive stimulus to take the cut have the risk inconsistently low-inflation. last be minutes, gdp data from germany confirmed the e

financial times' front page features an interview with the outgoing governor of the bank of england, mark carneyfire power to combat future slow downs. the telegraph turns to brexit, as it reveals the eu's chief negotiator has warned boris johnson not to water down protections for its citizens living in the uk after brexit. the independent focusses of the continuing fallout following the assasination of iran's most senior general qasem soleimani as an ex—sas chief warns his killing risks a new war. the guardian too looks at the escalation of the situation in iran, saying british warships, helicopters and several hundred military personnel have been put on standby for deployment in or near iraq. while the metro looks at accusations that borisjohnson has been hiding and avoiding questions on the iran crisis. and the daily mail looks at the football association selling its rights to fa cup matches to the betting firm, bet365. soa so a range of stories on the front page, i guess, a mixed bag. let's start with the guardian, because the us- start with the guardian, because the us— iran situation does

the writing is on the wall for big business and if i take the words of mark carney, the governor of thecompanies that fail to adjust to this transition and this changing world will fail to exist. let's move on to china, where beijing is reporting its growth figures injust beijing is reporting its growth figures in just under half—an—hour from now and we are watching that very closely for signs ofjust how damaging the trade war with the us has been. china's slowdown, of course, affects the rest of asia, which has strong trade and manufacturing ties. rebecca santa maria is the head of apec and she says the deal is complex but welcome. what's important in this agreement are the rules that they have specified. if you go through the details, in every aspect of that, whether it is ip or pharmaceuticals, whether it is ip or pharmaceuticals, whether it is ip or pharmaceuticals, whether it was financial services, and agriculture as well, there were clear references to the multilateral trading system, the wto rules, and that's important. affirmation of those rules reassures all of us. there was a

carney's latest press conference is on thursday.will follow everything going on with the continuing efforts against the coronavirus. this is bloomberg. ♪ francine: coronavirus concerns. the death toll tops 100. china stops individual travelers coming to hong kong. until the virus can be under control. markets assessed. will futures rise, but there be a pause in the -- contingency planning. starbucks reworking locations in china. good morning, good afternoon, good evening, everyone. this is "bloomberg surveillance ." i'm francine lacqua in london. 1.5 hours into the trading day, let's check on european stock movers with annmarie hordern. annmarie: a lot of earnings impacting individual movers. one of the biggest gains on the stoxx 600, up 4% per net income beat estimates. have enoughthey money put aside in case of any potential fine if there is an investigation into money laundering. 2.16%.up about bribery allegations. with -- this has really shadowed the company for years. s.a.p., down 2.5%. even though they raised their 2020 guidan

accuse suppose you could carney of being quite pessimistic back in 2016.after the referendum and the economy held up much better than it anticipated. you can go back to that point and say in 2017, the eurozone economy recovered much better than the market expected. in a way, it definitely supported the u.k. economy. will we have that support or the bounce from europe or not? perhaps a different set of headwinds or tailwinds this time around. there is still that door open for another interest rate cut at the bank of england, perhaps taking the time to consider all of the different variables that could come our way in the next few months. jane: i had a slightly -- peter: i had a slightly different interpretation from yesterday. look at that, given that the explicit hiking bias remains in the language, when you reduce potential growth, it means relative to your target, you are no further away than you were beforehand. i can't really detect a sort of strong bias for cutting that the market currently still implies. i would disagree with the market on that front