withbe i the fca has to do a count of the relationship between jeffrey epstein and jes staley.d in prison last year. he deeply regrets -- jes staley says he deeply regrets his relationship with epstein. but retains the full confidence of the bank board. and considering a plan to increase its long-standing ceiling on tariffs, a trigger -- the trump administration has long complained other countries can charge higher tariffs on certain products than the u.s. does. global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in i'm than 120 countries, viviana hurtado. this is bloomberg. tom: thanks so much. let's look at the data. ineal abrupt adjustment chinese data shifts last night. futures -26, dow futures negative 222. curve flattening again. certainly risk off. don't forget the inflation data that we see out at 8:30 this morning. you're having a difficult 24 hours and onto the next screen if we have it. 15.11. singapore dollar -- that is the wrong dollar currency. let's move away from that. francine: i have a couple of

we know psa is in the process of merging with fca at the moment it will take 12 to 15 months to come together. going very well. the stars are aligning we know those are aligned in the sector we have the french government. italian government saying we want to keep jobs in our countries. all of this is very complicated. one of the stars of the car industry turned around peugeot said that the stock is doing quite well outperforming the market on the back of these strong results one was the strategy of the group in china the growth had been coming for the sector fca have a very small market share. only about 0.5%. i asked was it worth trying to break into this market or sharing the focus. take a listen? >> is this a fact? at least on the psa side it is a fact there is something we do not understand looking for excellence, efficiencies, we have not found that yet we are succeeding everywhere else this is not connected there. possibly in the perspective after the merger different ideas and experiences that will help us to find out what we are missing. something isn't doing as well as it sh

the fca says for everyone —— £1000 of debt he could be paying £2 50 in charges.ust making it harderfor me this is not helping me, just making it harder for me to cope. the credit ca rd it harder for me to cope. the credit card companies have been told they need to show forbearance. if you are struggling to reach your minimum repayments, talk to your credit card provider. find out if they are willing to show you any forbearance to reduce your interest payments and get on top of the debt, which is the point of this. if you still cannot afford it and your debt is unaffordable, it might be time to seek help from charities, and find support to get on top of the debt and get out of the cycle. we know in extreme cases charges might be weighed. alan has said, if you are already on a payment plan with a debt charity, kid credit companies review their debt and clear it? —— could. it is a great monday morning ifi could. it is a great monday morning if i could say yes. it may well be credit card companies decide to write down debt in some cases. for that vast majority of peo

this is the second fca probe since his tenure. one is pretty untested -- unprecedented.oward davies went and said, this is not good for the institution, i have got to resign. with all of your reporting and bloomberg folks, the article is must read, lights out. does he need to do acer howard davies and say this is what is good for the institution? sonali: there is no sign -- and bank ceos have nine lives. he made it through one probe. he is sticking to his guns and said, i have disclosed everything. i have been helping jonathan ferro support premier soccer league, and i have this guy jes staley and photos next to this convicted guy and he visited him after 2008. would you explain with all of your banking contacts, how this guy retains his position? sonali: another interesting story, the financial times reporting that jp morgan emails are part of what is citing this fca probe. when epstein was considered a client, it appears they had a friendlier relationship than he has let on. fabulouscine's interview yesterday in zurich with the guy going out and credit suisse, can you

you can catch us every week night after jimmy kimmel live and catch fca . >>> coming up on abc7 newss getting powered up for super bowl liv in we made usaa insurance for members like kate. a former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. so when her car got hit, she didn't worry. she simply filed a claim on her usaa app and said... i got this. usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's easy on her budget and her life. usaa. what you're made of, we're made for. usaa

tobacco and menthol will be the only ones left of the cartridge -based systems under the fca band. flavors and should be able to get them. kennedy: rightly so they probably taste better. for some people to very enjoyable experience. let me ask you this. i know you're very smart analytical person you have surveyed the landscape. so when we do have something like medicare for all, and the government has the greatest investments not only in our healthcare insurance, but our overall health, you think that there will be more restrictions on things we put in our bodies in the future and how do you see that going? >> yes, for sure. you often hear that argument to justify government intervention in personal decisions that ultimately taxpayers pay. but in this case this is a win-win situation. from a public health point of view, from an economic health point of view from the point of view of medical expenses, it clearly makes sense to encourage or at least allow the shift from smoking to vaping. because that reduces the disease, reduces premature death, reduces medical costs, and so it real

so we'll just let the review by the fca reach its conclusion.you were talking about, to get back to the business, and really the interest of shareholders here, you were talking about the dividend. or at you have a plan, least an aim to supplement dividends with share buybacks, if feasible. is that feasible, given the longer interest rate environment that we're reporting on so often? generateyou know, we a lot of excess capital. if you look back last year, the one big impediment for us was in the third quarter, when we had charts close to 2 billion pounds related to the final ppi claims. we have tripled our dividends. we generate a lot of excess capital. and as we said and will continue to say today, we look forward to returning more capital to shareholders, including buybacks. and when we get to the right point in time, we will announce and execute that. we'll see how that goes over the course of 2020. that was the barclays chief executive jes staley, speaking to anna edwards and matt miller. let's get you a quick check of the business flash hea

the fca is telling lenders they are giving this option of cutting people's credit off but don't taked against the dollar, not much in terms of movement today so far. scientists have caught a grey seal apparently "clapping" on camera for the first time in the wild. although seals are famous for being taught to clap in zoos, experts say this footage shows their ability to do so of their own accord. it's thought the clapping may be a power move to demonstrate their strength, ward off competitors and attract potential mates. let's have a look at the weather.m has been a breezy day. plenty of sunshine around. but areas of rain also. this bringing rain towards the channel, some of it quite heavy and persistent, and the big story through monday into tuesday is this area of low pressure pushing into the north which will bring a swathe of severe gales and plenty of heavy showers. for the end of the afternoon, these sorts of temperatures, double figures across the south—east. we lose the rain for the south—east. we lose the rain for the channel as we move through the evening period. lengthy cl