i'm francine lacqua in london with guy johnson. i sound like tom keene. guy: it turns out that i am sitting in for francine lacqua whose got laryngitis. tom keene is off for thanksgiving. happy thanksgiving, by the way. he's projecting onto you. francine: here is the bloomberg first word. fry mints french minister says it is possible the terror attacks could affect the country's economic growth. will meet hollande vladimir putin and moscow later for talks on tackling the threat posed by a mcstay. after the french leader yesterday pressed angela merkel for grearter commitment. david cameron will large prominent to back his plan to extend british parliament attacks on islamic state into syria. it is a move that is likely to split his conservative party and the opposition labor party. yesterday, he told mp's i.s. presents a clear and present danger. industrial metals have surged after chinese regulators were said to be considering a program to shortselling. nickel, copper and zinc have rally. the euro has had a seven-month low as investors speculate the euro

thismotion of 2015 in 13.mber francine lacqua, you study there. s the significance of this moment? francine: we understand the french president wanted to be close to the students. they seem to be very young, a vulnerable people, closer to the youth of france. it was a very moving moment that we heard there. it reminds us on friday when we first heard of the deadly attack . when people were evacuated, that is exactly what they were singing. tom: francine, this was different than what we saw. i believed it was january. this is a changed moment for france and for all of europe. what will you be watching for in the coming days? francine: this feels different from when we were -- from what we were talking about with the attacks on january 6. this was a nightmare scenario that security services, that intelligence services had been warning about for years. the three main points as you look at those pictures of people morning together in france is the steps that france will take in the middle east with its allies. there will be political fallout in france,

francine lacqua is in london as well. francine: the u.k.anufacturing feature that came out -- figure , growth isut expected to be a little between. -- a little bit weak. the bank of england is just as data dependent as the fed is. think they areot going to wait for the fed. they are going to get out in front of the dow. in?like how i got that very good. geography with tom and francine. let's go to our bloomberg first news. here's david gura. shanking the 13 year group on power. his party regain the majority of loss in elections five years ago. stock's benchmark rose 5%. plane blew up in the sky over egypt. the black box has been recovered. they are said to be in good shape or u.s. safety investigators may have found the faro.of cargo ship el 33 people were on board. the ship had been found on sonar 15,000 feet below the ocean's surface. investigators are witty for confirmation. new house speaker paul ryan says he will not work with president obama a conference of immigration plan. he says he does not think republicans can trust the presiden

of course, francine lacqua, it goes on worldwide. il the new with the united kingdom charging forward. francine: it does, tom. you were talking about whether this is structural and whether monetary policy had a lot to do with the jobs report, there is a great piece by mohamed el-erian that it is regrettable that there is one set of readings that could have such a big influence on the fed. in on theally start u.s. jobs and what -- whether you are a little bit uneasy about the one jobs report or two that will make or break janet yellen's decision to hike rates in december. focusing a fed is bit too much on monetary jobs data. that is absolutely correct. it would be better if they were communicated a little bit better on the monthly data. .e don't really know it typically takes three months until we have a better idea what the underlying trend is. yes, there is too much focus on it. the fed decision is coming up in december. they need to decide on the basis of something. this will be an important report. this report and the next one will

i'm francine lacqua. manus: and i'm manus cranny. janet yellen has indicated that 2015 could be the liftoff. we were about to talk about the fed. francine: we have the decision of the norwegian central bank. it has kept its rate unchanged. -- talking with the central bank governors later on. manus: 2015, is it liftoff, is it not? the federal reserve chair has said that the december rate hike is a possibility. ms. yellen: what the committee has been expecting is that the economy will continue to grow at a pace that is sufficient to generate further improvements in the labor market and return inflation toward our 2% target over the medium-term. informationncoming supports that expectation, then our statement indicates that december would be a live possibility. importantly, it would make no decision about it. francine: investors bet on a december rate hike, more than 20% higher than they were a month ago. this despite one u.s. lawmaker's tweed. god's plan is-- not for things to rise in the autumn. that is why we call it fall. nor is it g

ine francine lacqua joining tom keene in new york. tom: big gross says it's 100% probability. he's joined the optimists. he's like ok, bill, catch up. nice. francine: we also have to talk about bangs after the financial stability board made it real. banks have to hold this amount of money. tom: isn't that a fact, francine, the swiss banks are ahead. everybody is chasing zurich, am i right on that? francine: you are right but they have much stringent rules and has been the last couple months. tom: do people know we're on speaking terms unlike me and vonny? francine: is that for real? tom: francine, how cool is that? francine: let's get the bloomberg first word news. >> good morning. there may an crackdown in the wake of the british plane crash in egypt. the officials say the crash was caused by a bomb. the u.k. secretary says higher levels of security may be needed and could be more delays in airports. in the u.k., government agencies say budget cuts. there is a plan today the treasury of the department that transports local governments and environments will have their budgets c

"bloomberg surveillance." ♪ tom: francine lacqua will be -- lookus in new york a.m. on monday. ished francine with us at 5:00 a.m. in new york on monday. say,ine: i was going to tom, janet, help me out here. tom: you can thank john micklethwait and mark carney. how about a forex report on a jobs day? i will call it quiet. dollar-yen, abenomics friendly over the last few days. go down to sterling -- weaker, weaker. euro-sterling, i put up. i have no idea what that number means. i just did that for francine, nobody else. francine? francine: we are all looking at the forex report. coming up shortly, it is "bloomberg ." what do you have for us today? david: i was going to talk about the jobs report, but i am a little worried about your bank account now. we have jobs numbers coming out. we will get the numbers in a little less than two hours now. we will talk with alan krueger and jason furman, chairman of the council on economic advisers to the president. y ceoso have blackberr john chen. we will talk with him about that. finally, disney came out with a earnings yesterday. they

>> here in the french capital, from watching live paris, francine lacqua. deadly siege together with an al qaeda off shot. another extremist group is claiming credit for attack on a hotel. the french house votes to extend the national state of merge is i for three months. at an emergency meeting in brussels, the french minister calls on his opposite members to share more information and intelligence. >> good evening, we begin with an lateest from mali, where islamic extremist organization has claimed responsibility for an attack on a hotel in mali. according to the latest report at least 20 people were killed in that attack on the radisson blue hotel. the siege lasted several hours. forces from france and the united states helped the forces free guests from their rooms. >> evacuated, dozens of staff members were freed from the radisson blue hotel. the ordeal started hours earlier in the morning when a group of islamic extremists stormed the hotel. the militants entered the site when a diplomatic car was driving in. they shot at people in the lobby, threw gr

i'm francine lacqua. let's get straight our top story of the day, to paris. we know that at least two people are dead as french police have raided an apartment in the anurb of saint-denis, in operation linked to last week's terrorist attacks -- five have been arrested. first, keep us up to date with what is going on -- the manhunt is ongoing for accomplices. ongoing.the manhunt is we have got the operation was over but we are told that one person is still hold up. we are outside a police cordon. said, five people were taken into custody, two killed, one a woman who blew herself up. andalked to residents, they'll reported the civic spirits -- they will up to the sound of an explosionand were told to stay inside. behind me, what should be a busy pedestrian zone, all shuttered. schools are closed. one resident said they saw things as early as last night though we don't have that confirmed. one butcher who was already up at 3:00 heard the explosion and at a left -- he went inside and turn on the television. this is: brendan, weongoing investigation, and are still

i am francine lacqua in london with tom keene in new york. nouncement.ant i noticed the 30 year bond in the nine it states is trending 3.00%. in november? is that a live possibility? francine: in the u.k., that is unlikely. the debate is why would you not wait for the fed first? tom: i barely got any sleep so i am a dead possibility today. there is so much anticipation from tom keene about what mark carney will say. let's get to the bloomberg first word news. good morning. it is super tuesday for the bank of england. the minutes of its monetary policy meeting will be released. governor carney will release his final quarterly inflation report of the year. the possibility that upon caused the crash of the russian airliner is putting a new focus on airline security in egypt. there was a security breach in may in the airport with a flight started. government forces are fighting --itants linked to you linked to the islamic state and the region. in russia, the first of the crash victims is laid to rest today. all 224 people on board were killed. sur

francine lacqua is in london. how was your trip back? francine: it was nice. tom: it is superstitious, friday the 13th. francine: in italy, it is the 17th. we are looking at lackluster growth in china, france, germany. what does it mean? possibly external stimulus. barack obama with an opinion piece on it. it will be interesting to see whether people accuse each other. tom: we are going to go the two -- we're going to go to luigi zingales. officials sayan hellfire missiles were aimed yesterday at an islamic state executioner. there is a high degree of certainty that he was killed. was shown in video released by militants beheading half a dozen hostages. the peshmerga raise their flag today in the northwest iraq the city -- in the north -- in a northwest iraqi city. they control the road that was a key islamic state -- for the first time in a half a century, man market soon be ruled i a civilian government. the election victory in the -- is the opposition party empowering them to name a president and inform -- and form a new government. and donald trump attacks

tom: jane foley of rabobank with francine lacqua in london. i at asia see the currency war. can you describe the weakness in adxy, the asian dollar index. jane: some are linked to commodities. a lot of these dragged lower. japan, another weak currency. perhaps it is quite interesting at this point to look at the renminbi. in the last few years we have the renminbi relatively strong. pulled up by the de facto dollar peg. against a, country which has been slowing you have weak inflation. if that was the eurozone or japan, we would have to weaker currency. yet we've had a relatively strong renminbi. does that mean the renminbi is going to weaken? tom: you are reading my script, you got to stop looking at my notes in new york. and i at yuan-renminbi see a devaluation and a managed depreciation, 7-8 days in a row of depreciation. does beijing joined the currency work? ar?w jane: the market reaction when they did the evaluation august 11 was huge and it had an impact on risk appetite. china supported the currency. if you look at the data over the ne

. ♪ francine: i'm francine lacqua here in london. tom's a bit grumpy because i'm leaving. are you doing nfl foot this weekend? francine: i'm sorry -- english? tom: it's a raging thing in new york. let's do the promos. francine: let's talk about the great stories you can check out on our website. anheuser-busch has made us will ceilingr sab miller, a long anticipated deal that would combine the two largest brewers into one. u.k. unemployment fell to its lowest rate in more than seven years. the labor market continues to improve, the watch out for wage growth. suffered another strike by flight attendants. the airline was forced to cancel 931 scheduled flights. don't worry, i'm not always times a. lufthansa. on leave time they've already consolidated much and risk national pride. let's get to china. another look at that singles day. is moving the ma needle on china's rebounding economy. emily chang spoke exclusively with the alibaba president, and asked him if alibaba and amazon are in competition. >> our strategy is not about competing with amazon. small companies that we ha

i am francine lacqua it manus: i am a manus cranny. we have breaking data. manufacturing comes in at 52.8. that needs on the headline estimates -- all the headline estimates. just off its highs of the day. let's get across to break these numbers down, the pmi came out of germany. that was better, francine. france under pressure from the data being taken off. hans, take us behind these numbers. germany did a little bit better. france under pressure. the manufacturing and services beats and comes ahead of the estimates. hans: the fact that we are getting too strong beats for the entire euro zone gives you the sense that the german economy may be pulling through and getting momentum. you may see strengthening a little bit when we get fourth-quarter numbers in a few months. what we saw out of france, disappointing on the services side. is the effect of terrorism on tourism. in germany, you have a manufacturing beat and a services be. you might have a slightly stronger number, especially on the manufacturing side. the survey was 51.6. almost a full percentage poi

i am francine lacqua in london with tom keene

♪ francine: welcome to "leaders" with me, francine lacqua.earson is an international publishing company with its biggest businesses in education and books. earlier this year, it sold two of its most well known brands, the "ft" and "the economist." in an exclusive interview, i speak with the group's ceo, john fallon, about his vision of the company and the impact of selling those established brands. thank you for speaking to bloomberg. we have been talking about the "ft" sale for as long as i can remember. when did you decide it was for sale? john: i think there wasn't a single moment. i think it was a progressive process, really. that i have said all along, and it has always been important to me, to ask ourselves honestly are we the best owners of the "financial times" for the longer term? pearson have been fantastic owners of the "ft" for 50 years. i think we have been great guardians of the editorial integrity and the quality of the journalism, but we'd also helped the "ft" to become global, to make the initial shift from analog to digital.

up, many credits and francine lacqua after the break -- manus cranny and francine lacqua after the breakuity markets pushing another leg higher. the euro at a seven-month low. ♪ [singing marsailleuse] rancine: prince wall ho-- first wall on orders m airstrikes -- hollande orders more airstrikes. commodity crunch. $40bal growth drives oil to a barrel. inflation headache. manus: ecb board member peter craig

i'm anna edwards in for francine lacqua and manus cranny. french president hollande heads to russia today to enlist the help of president putin against islamic state, a task made more complicated by turkey's downing of a russian jet. hollande urged angela merkel to step up germany's government been to the cause. ryan chilcote is in moscow for us. things have changed a lot since hollande first planned his trip to russia. update us. russia's spat with turkey is only growing. russia today announcing new restrictions on turkish imports. there is some talk that they could go after food imports. it looks like they are going after industrial goods like detergent, some food imports. this after many russian tour operators canceled packages for russian tourists to turkey. turkey is the biggest destination for russian tourists outside the former soviet union. this is a trade response, not a military response. if you look at the ruble today, you see something interesting. thisuble down just a cad morning, but so is oil. you look at the last five days, w

i'm francine lacqua. now, let's get straight to our top stories. cutdard charters will 15,000 jobs and raise 3.3 billion pounds after posting as a price loss. ubs net income beat estimates. manus cranny is in zero or he spoke to the ceo of ubs. he told us how difficult the quarter was. >> was very, very challenging quarter. in addition to the everything you mentioned, think about the seasonality you also have in the summer. you go from an environment in which the fed was expected to doe and turned out to exactly the opposite. big changes in the sentiment in emerging markets, what happened in china. so i am very glad that not only we managed the risk of the bank very effectively but also we managed in the good times -- that's the biggest success for the quarter. francine: joining me on site, guy johnson, the chief assetment of brooke management. we are joined by manus cranny. let's kick it off with you. what is behind this beat? manus: yes. one, you have got a lot less legal costs running through. this time last year the bank had 1.3 billion. that h

francine lacqua in london. i am tom keene in new york.oomberg surveillance ." ♪ tom: what am i watching this morning? how about commodities? -- a big deal. 2.0120 right now. decidedly -- here is vonnie quinn with the business flash. vonnie: the blockbuster takeover of allergan by pfizer is reportedly a done deal. the company said finalized in agreement worth more than $150 billion. pfizer would shift its headquarters to ireland's allergan base. partnersay tvc capital will buy the pet supply jane's petco for $4.7 billion. petco was taken private in 2006. walmart is doubling down on cyber, offering 2000 items on the monday after thanksgiving. cybert will begin its monday deals at 8:00 p.m. the night before. walmart investing heavily in the moment in on the channel. where we will be in january. i have no idea where we will be in retail in january. vonnie: sachs and lauren and taylor and stash and -- wed and taylor have a big surprise in some ways. the end of the kershner era. with us is an economist for bloomberg intelligence, jimena zuniga.

i'm francine lacqua in london, tom keene in new york.live pictures of the millennium bridge. this week it is a big week for the bank of england as they will publish forecasts on thursday. now it is time for the single best chart of the day. tom: they published in london. newsook business and the business is more vibrant and london than it is in new york and all of america. wikipedia bombs print back to 1997. this is a really ugly chart, the s&p mid chart. other beasts are in here as well. jimmy wales is with us, and i was stunned at the gloom in london over print. we need print. we enjoyed print. i am being told that people are going back to books, a little bit away from digital. how is anybody going to make money at this? my: one of the things that is booming is digital books and magazines. i subscribe to four or five magazines on kindle, and i have not subscribed to a magazine for that.ly five years before i am paying for the content because it is in a form i like. ads?do people look at anti-ad in mentally digital space. when does that

. ♪ francine: welcome to "leaders" with me, francine lacqua.on is an international publishing company with its biggest businesses in education and books. earlier this year, it sold two of its most well known brands, the "ft" and "the economist." in an exclusive interview, i speak with the group's ceo, john fallon, about his vision of the company and the impact of selling those established brands. thank you for speaking to bloomberg. we have been talking about the "ft" sale for as long as i can remember. when did you decide it was for sale?

. ♪ francine: welcome to "leaders" with me, francine lacqua.an international publishing company with its biggest businesses in education and books. earlier this year, it sold two of its most well known brands, the "ft" and "the economist." in an exclusive interview, i speak with the group's ceo, john fallon about his vision of the company and the impact of selling those established brands. thank you for speaking to

. ♪ francine: welcome to "leaders" with me, francine lacqua.an international publishing company with its biggest businesses in education and books. earlier this year, it sold two of its most well known brands, the "ft" and "the economist." in an exclusive interview, i speak with the group's ceo, john fallon, about his vision of the company and the impact of selling those established brands. thank you for speaking to bloomberg. we have been talking about the

francine: welcome back to leaders with me, francine lacqua.unilever is one of the top companies the world work for a -- one of the top companies in the world. this is the final part of my conversation with paul holman, we discuss leadership. paul: leaders are not relegated to a level of the company. for example, the medical community that went to west africa to fight ebola, those are real leaders. i work a lot with the blind and deaf, people who put themselves 24 hours for the availability of people with disabilities. those are real leaders. often, in fact come the teachers and nurses, these people who are real leaders that positively impact others, are undervalued strangely enough. so, to me a leader is not just because we happen to have a job. i also think that a leader is not necessarily only somebody who leads from the front. a good leader probably leads more from the back than the front, like a shepherd does. ultimately, i hope they say that they do not like me, but i would hope that i could say that there is respect, because ultimately,

manus cranny coming up with francine lacqua on "the pulse." best of luck for the rest of your day. ro-sterling a little bit stronger this morning. ♪ francine: the fed's most powerful trio have spoken. a hike is on the table. stock markets tumble. manus: super thursday at the boe. francine: policy impact in china. bubbles are back in town. -- the bulls are back in town. manus: facebook video ad sales drive the share price to a new record. francine: welcome to "the pulse

coming up, francine lacqua with bloomberg tv on the pulse.tter here it just me and the bloomberg team in the city of london. best of luck for the rest of your day. ♪ anna: hollande heads to moscow. this as russia starts trade retaliation against turkey. metals bounce. copper, nickel, and zinc climb. and, rabbits out of the hat. what can the european central bank do to prevent the euro bounce? we will hear from the ecb vice president. welcome to the program. welcome to "the pulse." i'm anna edw

i am francine lacqua in london with tom keene in new york.e talk about banks, the ecb, and we have an eye on terror. tom: we also have john studzinski from blackstone and joseph nye.have we'll talk about the francoisnce that hollande faces. it was something to see the faces yesterday as president hollande spoke to mayors. it was something. francine: then they had the prime minister of france speaking today. we will keep an eye on that. vonnie: good morning. are not sureis what happened to one of the suspected terrorists. eight were arrested yesterday. at least two were killed. it is too early to tell of the suspected leader was among those who died. president obama is dousing russia's optimism they can reach a deal with france and the united states fighting the islamic state. francois hollande has agreed to cooperation, but president obama wants more proof rusher is focused on the islamic state. ae u.s. has unveiled counterintelligence. identifies five missions. among them is infiltrating and disrupting adversaries, disrupting computer networ

i have the pleasure of being here with francine lacqua.such a busy week of international relations, but the gauze of this is commodities find a bid. onncine: and we have the ecb thursday. this is probably the big one. tom: it is a done deal. they are going to act. francine: if you do not deliver, you can see the markets -- that is the main concern. tom: nato is coming in to support turkey. mr. putin is in paris this morning. francine: and friday we have not only opec but jobs data. it is a busy week. tom: let's get to our first word news. here is vonnie quinn. vonnie: thanks, tom. the sweeping u.n. climate -- presidentlimate xi jinping saying -- there is broader support for the limiting of greenhouse gases than there was at the last effort three years ago. they still have their sick points. -- they're sticking points. a demonstration in favor of a global climate deal turned violent. french police arrested more than 200 people. demonstrationsed as part of security measures imposed after the terrorist attacks. an israeli court today found tw

i am francine lacqua with tom keene. commodity prices are coming out and we're waiting on an energy outlook report. but it is off china and that is the theme for this hour. general saltiness. sogginess. david cameron is still the european union in must agree to irreversible changes that would give the u.k. greater autonomy. in a speech today, he said the eu needs to cut the regulatory burden on businesses. he says national parliament should have a greater say over lawmaking. stop the eu wants to immigrants from -- four years. that will take place. european governments are admitting their policies on immigration are not working. new structuresng to deal with refugees. so far, just a few more than 100 of the 160,000 asylum-seekers have been sent to homes in other countries. india wants to be one of the first countries to buy -- from the u.s. india was the second-largest buyer and u.s. weapons last year. a federal appeals court has failed to -- president obama's plan. the board refused to let the plan begin. the judge has s

that is the first blue sky we have seen, so no francine lacqua can go home!: now that you have given her your bug, you are sending her back. tom: it looks like a turner painting. guy: there may be some smoke in the background. there was a huge fire this morning just around the corner from our office. we had tons of fire engines. you can't quite see it against the gray. right. let's get to the morning must reads. this is mine of the morning. while china's large captive market of airlines offers a commercial safety net, it is also dampening incentive danger innovate. the wrong point -- way to take off. the point i would like to make is yeah, they haven't got it wrong, they haven't got it the way they want to. it will get certified elsewhere. airbus's first aircraft that it ever produced in 1972, that didn't get sold very well, and it just got sold to domestic carriers. this is how you start the long journey. this is how you get up the value chain. this is how you start to make a difference in terms of your economy. still with us from jpmorgan -- china's economy

i'm francine lacqua. now