let's get bloomberg first word news with debra mao in hong kong. debra? debra: the u.k.arliament has thrown out theresa may's plan to renegotiate brexit. anti-eu lawmakers in her own party refused to vote for the motion, abstaining in protest. the defeat stripped the prime minister of a mandate to make changes to her divorce deal. the jury twice seventh, some mps sometry -- february 27, mps will try to take no deal off the table. congress sent president trump the legislation he needed to avoid a shutdown. he is set to sign the bill if it know he's not happy with it. bloomberg learned he's also planning to use executive authority to spend $8 billion on the border wall, provoking a lengthy legal battle over presidential power. >> i had an opportunity to speak to president trump and he has indicated he is prepared to sign the bill. he will also be issuing a national emergency declaration at the same time. and i've indicated to him i'm going to prepare, i'm going to support the national emergency declaration. debra: india has suffered its worst tariff attack since modi came

now debra mao from hong kong.china's contraction deepens, pmi had its worst read out since 2016, and the latest indication that the slowdown in the world's second-biggest economy has a ways to go. it fell to the lowest reading in nearly three years, and well below the forecast of 49.6. ansumer confidence is at high. promised to substantially expand purchase of u.s. goods after the latest trade talks in washington. both sides plan further discussions to reach a breakthrough. have made they important progress, and president trump seems optimistic about a meeting with his chinese counterpart. there is one month to go before the trump administration is set to raise tariffs. president trump: we have to get at some pointper if we agree. there are points we do not agree to yet, but i think we will agree. when president xi and myself meet, every point will be agreed to. bra: the u.s. is said to be withdrawing from a nuclear arms treaty with russia. president trump will suspend a 1987 packed with the former soviet union as

matt: thanks, debra mao in hong kong. need for energy could be satisfied sooner than expected, that's according to a report which showed demand growth slowing to 16 of the level of the past two decades. employers toce look elsewhere? spencer, me first ask where they would look elsewhere for energy. >> china's energy demands are slowing, but it is still a big market. 1% growth of a big market is still a significant amount of energy. but we thought it suggested even bigger is going to be india, where economic growth continues to reign strong. india becoming the world's largest growth market for energy. anna: good morning to you. so that is the picture in terms of where the demand comes from. how much of you consider the global trade dispute and how much that weighs on demand? or do you just look through that ? >> we had a special scenario this year where we think about the trade impacts. less open, it will affect the global economic growth. over time, it builds up, leading to weaker overall energy demand. another point that

debra mao in the hong kong studio. debra: theresa may takes her plan to parliament today.ix weeks before the u.k. is due to leave the european union. the prime minister could face a revolt in her own party. they insist that leaving the block with no deal must remain an option. patrick harker is adding to the voices calling for patients on the rate. 2019 andne hike in another in 2020 is appropriate. risks are slightly tilted to the downside. a full voting member in 2020. goldman sachs must bear responsibility over the why am be disanto. investigating is potential crimes the bank may have committed. he's not sure malaysia can get back the $7.5 billion it is seeking from goldman of compensation. >> we were complicit to the crimes. being, the whole image of the country, the confidence of investors and the state of the economy, they must bear responsibility. debra: global news 24 hours a day, powered by more than 2700 morealists and analysts in than 120 companies -- countries. nejra: thank you so much. staying with that story, goldman sachs has since responded, writing the bond

nejra: debra mao in hong kong, thank you so much. coming up, jay powell said the world's biggest economy is healthy but faces some crosscurrents and conflicting signals. we will talk about the fed and the u.s. next. when you're traveling to work, tune in to bloomberg radio live on your mobile device or digital radio in the london area. i will be running back to the studio to join you there from 8:00 a.m. london time. this is bloomberg. ♪ manus: this is bloomberg "daybreak: europe." i'm manus cranny in dubai. nejra: and i'm live from westminster. let's get a quick check of the markets. turning to asia first, a little bit of a mixed picture. the msci asia-pacific overall in the green. looking at gains up point 25%, 10-year gilts unchanged on a q 64 handle following jay powell testimony yesterday. we will discuss more about that in a second. the pound hit a two-year high against the euro. that should be switched around to show eurosterling. cable hitting the september high following the prospect of a delay to the brexit date. everyone i

that's get a business flash from debra mao in hong kong. bra: santander has reminded investors juicy bonds can come with nafeesa prices. they rattled the market saying it will skip an option to call 1.5 billion euros of notes next month. the announcement came at the deadline for the decision. the need to balance interests of all investors. 8% of staff at activision as part of restructuring. the videogame maker delivered a disappointing forecast, and revenue of $2.8 billion missing by $3 billion rejected analysts. activision says sales of key games has been disappointing. tesla is rushing models to china, they have at least three shifts to arrive before the trade truce expires. the tensions could ratchet up and it will make cars more expensive in china and boost cost of key components. aboutin talks with amazon the startup, the deal could value the company at between $1 billion and $2 billion, it could be a blockbuster for trucks and suvs as it moves to gain an edge over bigger rivals. that is your bloomberg business flash. debrathank you ver

debra mao with your first word news. coming up, deutsche bank's cfo is not ruling out a merger with commerzbank. our interview. this is bloomberg ♪ anna:anna: welcome back to the european open. we are 15 minutes away from the start of the cash equity trading day. european futures point modestly higher. dax up 0.3%. the rally stateside could run into an amazon shaped problem later. u.s. futures pretty mixed right now. matt: deutsche bank's revenue slump has deepened with the lender suffering its eighth consecutive quarter of revenue contraction. fourth-quarter earnings were hit by a drop in fixed income trading, which was down 23%. earlier, i spoke with the bank's chief financial officer. >> the results were in line with expectations informed by the context as we have seen through our earnings reports the industry faced in the fourth quarter. with that in mind, we were not as able as we hoped to stabilize revenues on a relative basis. being down 2% year on year in light of the backdrop that was the industries backdrop and

debra mao is with us from hong kong.emindedder has investors that bonds can come at nasty surprises. saying it was given option to call 1.5 billion euros of notes next month. the announcement came right at the deadline for a decision. the bank cited the need to balance interests of all investors. to cut an is trying percent of staff as part of a companywide restructuring. this after the videogame maker delivered a disappointing sales forecast and reported revenue of $2.8 billion, missing the $3 billion projected by analysts. activision said sales of some of its key games have been disappointing. modelis rushing as many three's to china as it can. the electric car company has at least three ships due to arrive by the end of the month before the trade truce expires. ratchet fear it could tariffs back up and make the company cars more expensive in china and boost the cost of key components it uses. that is your bloomberg business flash. nejra: debra mao, thank you so much. key segments of the latest risk rally are under thr

very debra mao in hong kong. coming up, assets on the indian submarket -- subcontinent slide down twoan shoots indian fighter jets. if you are switching to bloomberg radio, it is available on your mobile device. this is bloomberg. welcome back to bloomberg markets. this is the european open. 14 minutes away from the start of trading. taking a look at futures. red arrows across the board. military tensions between india and pakistan have not helped markets and they have escalated to the most serious level in decades. the military says it has down two indian aircraft. this comes after the indian air force bond a terrorist training camp. joining us now is ian marleau, ourselves asia government reporter. give us the state of tensions right now. >> things are tends at the moment. said they have shot down two indian aircraft. have shown wreckage of a helicopter that was also downed. no one is a hundred percent sure what is happening. pakistan is the only side that given itsut and version of events. are announcing to pa

debra mao in hong kong with your business flash.ant to quickly just remind viewers why i am here in frankfurt. commerzbank has come out with earnings that beat the street but says it will not meet its goal to cut jobs. headcount targeted -- was buteted to 36,000 by 2020 now it looks like it will be more than 38,000. that is a target that commerzbank is going to miss and revenue is going to be fairly slow to grow as well. is going tohe ceo have to adjust his turnaround plan to some extent. i will talk to the cfo later this morning and asked him what the new plan looks like, or the ifered plan looks like, and he thinks they can still make it before being forced into a merger with a crosstown rival, deutsche bank. nejra: that -- anna: that is certainly a big talking point, the potential for consolidation in the german banking industry. let's talk about something that is not getting together, but breaking up. that is airbus with its flagship project that was the superjumbo. euros,st of 463 million they have made what some lenders have c

matt: debra mao with your first news. president trump and the kim summit collapsed.ng us now from hanoi is bloomberg's haslinda hamin. in a long and wide ranging press conference after this summit ended with no sign declare ration, president trump seemed extremely upbeat about the summit anyway. >> well, he is upbeat because relations with him and kim are good. and he said that changed during the meeting in singapore eight months ago. he's also upbeat because both sides will continue to talk. he insists that talks have not failed -- talks have not collapsed. they're just working towards reaching some kind of an agreement. sometimes you have to walk away. and that's precisely what he did today. no lunch, no agreement and no deal. but still, talks are pretty open now. what they talked about was sanctions. we know from the get-go that knot korea wanted sanctions to be lifted because this is a country that has been struggling economically. people are in a dire situation. so, yes, we did know that north korea wants sanctions to be lifted. but for that to happen and trump