nejra: david merritt joins us to discuss. what could that look like? rolnt could take again on wednesday? david: yes, another attempt, it seems. last night we had no clear conclusions. but we got closer particularly on the two questions, it customs union and also perhaps staying in the single market, and even a little closer on the question of a second referendum. maybe a third attempt. what we have learned in this seems. is that no vote to be final not only will probably might have another go, but theresa may could potentially try to bring her twice-defeated deal back for a ful fourth attempt for survey tomorrow or friday. we will find out possibly after her cabinet meeting, this epic five-our meeting at the cabinet this morning. manus: everybody is not talking about -- david, good morning to you -- the possibility that she might go for a general election. if you look at the voting last night, the customs union and staying in a single market, this is rather is the most limited of tory support. are the right-wing tory, the erg, are day sufficiently frig

joining us to discuss our bloomberg's senior executive editor david merritt and bloomberg's maria tadeo reporting from brussels. do we expect out of mae's cabinet meeting today? and why so long? david: they have a lot to discuss. there will be no civil servants present at first so they can hammer out decisions. she has got to decide how to break the deadlock. does she tack toward a closer relationship? she instructed her cabinet to abstain last night. there may be a majority for a single market if she were to pivot that way. or does she say we have got to go with no deal? or does she say we have to put this back to the people he? that will be either another referendum or election. that would mean a long extension , possibly up to a year. a range of options still on the table. none of them very palatable. deal could come back. the conservative party in the cabinet making that point. if you look at the options different parties voted for, some of those who were more , that votingthers block voted against a soft brexit option because the referendum number two is still on the list. you wond

david merritt is and daniel morris is still with us. what is going on?oes theresa may survive or not? is there anyone apart from this 1922 committee that can get rid of her? david: that is not a question of when is she going to go. she said she will not fight for that much longer. it is a question of how soon will she depart downing street? we will have elections this week and it will be a bit of a bloodbath. it is not unusual to lose city counselors and to go on to win general elections. we are in slightly different waters now and we are looking forward a few weeks to the european elections, which will be a headache for tories and a reminder of the government's failure to deliver brexit. farage leading- the charge. francine: does it make a difference if it happens before an agreement is signed on? david: it will make a big difference. the has got to be talks. seemingly going nowhere. all the urgency has been removed. maybe a change of leader. the tories will not pick a lead if you look at the parliamentary party and the membership. it will be someone on

tom: david merritt of bloomberg news, thank you. coming in later because of so much political drama at parliament will be in the evening and late into the night as well. we are now joined by jens todvig, who is spectacular speak to. his important of a near decade ago on the strength of the euro, the permanence of the european experiment. --s nordvig with exotic data exante data. and there was a wonderful article talking about the threat of brexit to all multinational business. do you look at brexit, the politics here, as being a threat to the confidence that is needed to invest? jens: i think we have actually heard that over the last couple of months, that cfo's and ceo's across europe are saying brexit uncertainties are one of the reasons i've been holding back on investments. that is already playing out. should not be underestimated. i argue that even if we feel that this brexit uncertainty will be resolved if we have some clarity from the u.k. parliament in the next couple of days, it is not a degree of comfort in the corporate s