and i'm joined now by david charter he's the u.s. editor for the british newspaper the times david you've been monitoring the negotiations between the e.u. and britain from washington d.c. do you consider this a win win or did one side manage to edge the other out. i really consider this a great deal round actually because the absolute worst thing that could have happened was for the talks to crash at this late stage when they were so close they had 95 percent of the agreement in the bank and less of the what's called a no deal situation at the end of the year which would have meant tariffs quotas terrorists would have smashed the car industry britain it would have put a 10 percent tariff on finnish cars and 20 percent on vans and trucks it would have been devastating for a lot of manufacturing in britain it would have really created a lot of friction back and forth across the border and a lot of extra costs that have been damaging for exporters and manufacturers this is really wonderful news actually given the fact that the british p

and i'm joined now by david charter he's the u.s. editor for the british newspaper the times david you've been monitoring the negotiations between the e.u. and britain from washington d.c. do you consider this a win win or did one side manage to edge the other out. i really consider this a great deal round actually because the absolute worst thing that could have happened was for the talks to crash at this late stage when they were so close they had 95 percent of the agreement in the bank and let's be what's called a no deal situation at the end of the year which would have meant tariffs quotas terrorists would have smashed the car industry britain it would have put a 10 percent tariff on finnish cars and 20 percent on vans and trucks it would have been devastating for a lot of manufacturing in britain it would have really created a lot of friction back and forth across the border and a lot of extra costs would have been damaging for exporters and manufacturers this is really wonderful news actually given the fact that the british pub

david: thank you so much, great to have you with us. she is standard charteredead of europe and america research. still ahead, codec surges back, it's our stock of the hour and that is next. this is balance of power on bloomberg television and radio. ♪ david: this is balance of power on bloomberg television and radio. shares of kodak are serving -- are surging today. they have been cleared of any wrongdoing in obtaining a government loan to produce chemicals to be used in pharmaceuticals. our colleague in london has the full story. rise of around 80% per kodak at the high, taking the shares at twice. the once photography giant turn pharmaceutical ingredient manufacture that transformation of the company is a big story. back in july, it was announced kodak had been awarded 706 he $5 million loan from the u.s. government to help with that transformation. it was awarded on the defense the drugs act for that were in short supply during covid-19. the stock surged on that news back in july but then there were thetions asked about how ceo received a huge number of stoc

chartered. and today did merit of bloomberg news. we will continue -- and to david merit of bloomberg news. we will continue to follow this. european equity markets down with what we have seen over the past few minutes. the pound is trading $1.35 at the moment. there may be a certain amount of hesitancy here in the market, waiting to see the details of the deal, waiting to see official confirmation that it has been done. the pound is certainly trading higher, but as we were just hearing, $1.40 the target for standard chartered. others have similar numbers. we are certainly not breaking higher to those kind of numbers. we are trading 1% to the good. in terms of the other assets worth paying attention to, the ftse 100 is climbing, up by 0.75%, as you can see, up by around 0.6%. there's negative feedback into the ftse 100 because of all of the international revenue streams. there are more accurate things to look at in terms of u.k. assets, the ftse 250. that has climbed, so that is up by around 1.71%. that highlights the international versus domestic story surrounding all of this. 50 gaining.

charter plane due to arrive in sri lanka on the 3rd of january. they will spend ten days in a secure bubble before the first of two matches starts on the 1ath. australia's opener, davidainst india on saturday. he has left the bubble to seek treatment for a left the bubble to seek treatment fora groin injury left the bubble to seek treatment for a groin injury that kept him out of the first test. he will rejoin the squad ahead of the third test, which is scheduled to be held in syd ney which is scheduled to be held in sydney in january the 7th. that is all your support for now. 0lly foster at the bbc sport centre. singapore has had an amazingly successful war agains coronavirus with just 29 reported deaths. in april, there were more than 1000 cases a day. now, the daily rate is virtually zero. so what lessons can singapore offer the rest of the world? sura njana tewari has been finding out. a sea of masks for more than seven months now. singapore seems to have conquered the coronavirus, and yet the restrictions aren't going away anytime soon. behind this mask is british expat fiona. during singapore's circuit—breaker, she was unable to run her tennis coaching business

david lui looks at how the airline geared up. >> reporter: the prospect of needing to move more vaccines across the country has commercial airlines prepared. united handled five charter flights to transport pfizer's vaccine from a european lab to chicago late last month prior to the fda's authorized use. because of the cold storage needs, the 6 airline was given faa permission to carry 15,000 pounds of dry ice. that's five times more than up the belly of the aircraft to remove the product. dry ice is frozen carbon dioxide and it's giving off the gas so that's what we have to be careful of. >> reporter: the need for dry ice isn't as critical for other vaccines that don't require the extreme storage temperatures. with airline travel down and flight scheduled reduced, regular plane can carry 1 million doses. regular passenger planes have space as needed to transport vaccines. united says it has 80 facilities to handle dangerous goods. the airline routinely carries other types of vaccines. >> there is the yearly flu vaccine campaigns that happen every year. we're involved in that. it not anything new. a higher profile. >> david louie, abc 7 news. >>> now, all this week w

reporter: at&t, charter and verizon told us they do not impose data caps on most of their high-speed internet services. yeah. so if you think about it, davidou know what? we'll start charging for your phone service by the syllables that you're using on your phone calls, not the minutes or the connection time. these effects, this goes into effect next month. david: you knew they would be looking to make money off of these lockdowns somehow. bret, thank you very much. the pandemic may have hurt production of movies and sporting events but the videogame industry is thriving. lauren, how much are game companies expected to bring in this year? lauren: idc says a record, $180 billion worldwide. that is more than the movie and sport industry put together. it is also a 20% bump from 2019. so you know what happened. the stay at home orders turned many regular americans into gamers and it has been a boon for nintendo but sony and microsoft, talking about that earlier in the show, they have the new consoles that they released in november. you can't find them. you can go to ebay you will be paying an arm and a leg. they're sold out virtually everywher

david louie takes a behind the scenes look at how the airline geared up. >> reporter: the prospect of needing to move more vaccines across the country has airlines prepa prepared. united held charter flights from a european lab to chicago late last month and earlier this month. because of that vaccine's extreme cold storage needs, the airline was given faa permission to carry 15,000 pounds of dry ice, that's five times more than normal. >> it's about keeping everyone safe, whether it's the pilots flying the aircraft or the ramp personnel who have to open up the belly of the aircraft to remove the product. so dry ice is essentially frozen carbon dioxide and when it submates, it's giving off the gas so we have to be careful. >> reporter: the need for dry ice won't be as critical for other vaccines that don't require the extreme storage temperatures. with flight schedules reduced, united has aircraft to allocate. a 777 can carry 1 million doses. regular passenger planes have space as needed to transport vaccines. united has 80 facilities in the global network certified to handle temperature controlled products. all cargo personnel are trained to handle dangerous goods. the airline ro