to take up the point about gibraltar i think in many ways the real risk about gibraltar is that if we price we pay to exit the backstop is what really exercises me. we heard from president macron about how he would leverage access by the french to uk fishing waters as part of the price for leaving. we know the spanish are sniffing around gibraltar. i'm absolutely clear in my mind... nikki is shaking her head in disagreement. we run the risk of allowing the spanish to leverage gibraltar if we end up in the backstop. vicky ford, if the government decides no deal is so, settled policy, as simon clarke... the government has been very clear that no deal is not the settled policy. the government is very clear that no deal is not government policy. absolutely. so there are a huge number of risks to no deal, to people'sjobs, lives, gibraltar, northern ireland... no deal delivers for the fishing industry, it takes us out of the eu and it gives us that transition for the tech sector and other companies. this is why i think it is so irresponsible, there's vast amount in this withdrawal agreement

will he stand up for us against spain over gibraltar, against the commission in order to ensure thatbecause he would not even stand up for his own members of parliament. why is it that a labour member of parliament need our protection at her own party conference, that nearly half of female mps wrote to the leader of the opposition ~ , ~ 7 ~ , nearly half of female mps wrote to the leader of the opposition to = nearly half of female mps wrote to the leader of the opposition to say = the leader of the opposition to say be ., . the leader of the opposition to say gwasj the leader of the opposition to say g was not the leader of the opposition to say be was not up against the leader of the opposition to say g was not - up against the he was not standing up against the abuse they received online in his name? if seeing not protect his own mps and the traditions of the labour party, how can he protect this mps and the traditions of the labour party, hc we in he protect this mps and the traditions of the labour party, hc we in he confidence, mps and the traditions of the labour party, hc we

will he stand up for us against spain over gibraltar?sure... 7 7 7 f 17: ii ;7 $2 why is it that nearly half of female labour mps wrote to the leader of the opposition to say that he was not standing up against the vilification and the abuse that they received online, which had been carried out in his name? if he cannot protect his own members of parliament, if he cannot protect the proud traditions of the labour party, how can he possibly protect this country? we cannot have confidence in him to lead. we have confidence in this government, which is why i commend this motion... order! there is going to be order in this house! shouting. and with the dup back on side, this was one vote theresa may could win. the ayes to the right, 306. the noes to the left, 325. in victory, she offered to speed up the cross—party talks. and i'd like to invite the leaders of parliamentary parties to meet with me individually, and i would like to start these meetings tonight. mr speaker, the government approaches these meetings in a constructive spirit and i

and gibraltar in fact they've not even been looked at transparency international is demanding that the e.u. put its own house in order first and then look beyond the e.u. to. on top of this countries that have this new close ties to the e.u. would our allies switzerland or the united states was clear that they would never make it into that list even though recent studies show that there. they are secret injuries and that they could actually make it to the list if if it was an object. process. that's music to the ears of the residents of angry law who want the same laws applied to all i believe is by the end of the twenty eighteen that we have to comply and if we working on that. very diligently and we see no reason why we should not comply so we should go from being on the gray list to being on the good list and certainly not the blacklist. since last year's devastating hurricane erma pressure is growing on the financial sector to keep generating profits for the islanders were and will are to end up on the blacklist it would be another disaster for the island. data has become a commodi

substrate wasn't pleasant to be able to finish the clip was a triumph over the song the rock of gibraltar but strived for the world as britain's course to the point of the europe part of the iberian peninsula to start me here i've only twelve miles from the top of africa each of these factors have had a substantial influence in making up their divest communities of this fascinating territory one thing's for sure both period my identity has been forged and plains of adversity that's going to stand up in good stead and interesting times ahead. well that was tape twenty five and. i was sure that day to his playing that i have like so much it was a triumph trust me. what is your favorite subject of favorite clip i thought it might be really really difficult to choose a clip or sees of clips of the most to me over the past year but i think the c.d.'s we did on the one cast you had a profound impact to me it because i didn't know enough about it and i learnt so much but b because of the people that we met along the way let's just take a look at some of the back into the show. the great naval di

issue any of the other twenty seven countries wants to bring back into this agreement talking about gibraltar about fishing about all kinds of problems that the twenty seven would very much like to leave settled for the moment and so no at the moment there doesn't seem to be any appetite whatsoever for reopening the agreement and in fact the spokesman margarita she has just said don't even ask us it's up to london to speak now you have big big in london now this is one cabinet member their claims of grameen parliamentarians are trying to hijack brigs of what's that about. there's so much drama going on here investments over the last days he means that he's accusing basically parliamentarians of trying to take control of the process whereas parliamentarians are saying well we're just not prepared to let the tragedy run its course and we are elected members of parliament who are just trying to influence the process they want to there's a number of employees who are trying to get some consensus on basically some measures to prevent the worst to prevent britain from crashing out of the european u

agreement would have to open everything and that could put up for negotiation again issues like gibraltar which almost derailed it back in november you'd have to talk again about french fishing quotas you know all kinds of issues that they were very relieved to have sort of nailed into this single agreement and when it comes to ireland's prison position it of course does not want a hard border and it doesn't even want the backstop everybody is looking for a trade agreement by march twenty ninth the problem is it's looking less and less likely that you're going to have one so for the e.u. it's not just negotiating about the backstop it's the entire was dollar green and they say it's a package take it or leave it yeah and we know that if the u.k. crashes out of the european union with no deal then there will automatically be a hard irish border shut in the european union be negotiating to avoid dant. nobody wants a hard border that's for sure at least on the e.u. side it would make life much more difficult for people both on the northern ireland and the irish side so that definitely is wors

you know defense secretary government williamson's planned to scare away the spanish vessels of gibraltar by using the ball guns. i mean believable to scare the visible by people i was making i joke in this week of a hundred years since the paris peace conference it was some kind of joke with the defense secretary's little difference ticketed should not make jokes he should put strategies i've been to several times you know poor people there you know why you are putting them in such awkward position. to take care of that vessels and spanish missile i think you know we were a war with with spain there's a senior source in the sun story governor williamson comes up with some pretty off the wall things about firing paint balls at the spanish navy beats a lot of them i don't know where they'll be in position for a june nato defense ministers meeting arguably the next story perhaps is is more serious than american weapons of mass destruction spokes linked to five based. unit it's a follow up over we talked about last time this week. as you know those people who are involved and financed by the

weekend in november where it came down to britain and spain discussing to the very bitter and about gibraltar you know do you really want to go through that discussion again do you want to reopen fishing quotas with france and who knows what else could be brought up if you reopen this entire agreement so there's no appetite to do that on the european union side and so for tourism a to say she's going to come back and get concessions just sounds empty here in brussels because the e.u. very much feels that it has rewarded its side of the withdraw agreement as many times as it can remains to be seen if they'll try to rejigger language a little bit more but so far i don't see that the e.u. is willing to give any concessions to britain anymore. in brussels thank you so much. let's see what else is happening in the world the israeli military says it's jets have struck iranian military targets in syria including it says munitions facilities and intelligence sites you know as much as a red departure from israel's big you statements concerning its activities in syria the strikes were in response to a

spain could renew its claims on gibraltar. france might veto any new deal.would shift position, if mrs may went for a brexit closer to europe, staying under eu customs rules, say, but that's not a true brexit, according to mrs may. and, anyway, just imagine the reaction of brexiteers back at westminster. mrs may will be back in the commons, in around a fortnight. and it could be tough. if she can't win concessions from the eu, brexiteers are still threatening to vote down her deal. other critics on all sides could well try again to take control of brexit. force her to delay brexit day on march the 29th. and next time, unhappy ministers might resign and join the rebellion. as things stand, mrs may will be back in the commons, reporting a deal if she, somehow, against all the odds, gets one next month. and if no deal‘s agreed, she will report that to mps, a day ahead of a big debate and crucial votes the next day, valentine's day. but don't expect much affection in the house between rival factions, rival parties or, for that matter, towards mrs may. if britain

spain could renew its claims on gibraltar. france might veto any new deal.position, if mrs may went for a brexit closer to europe, staying under eu customs rules, say, but that's not a true brexit, according to mrs may. and, anyway, just imagine the reaction of brexiteers back at westminster. mrs may will be back in the commons in around a fortnight and it could be tough. if she can't win concessions from the eu, brexiteers are still threatening to vote down her deal. other critics, on all sides, could well try again to take control of brexit, force her to delay brexit day on march the 29th, and next time, unhappy ministers might resign and join the rebellion. as things stand, mrs may will be back in the commons, reporting a deal if she, somehow, against all the odds, gets one next month. and if no deal‘s agreed, she will report that to mps, a day ahead of a big debate and crucial votes the next day, valentine's day. but don't expect much affection in the house between rival factions, rival parties or, for that matter, towards mrs may if britain seems closer

it may put other issues on the table, the gibraltar agreement. these are things of that the u.k. does not want to renegotiate but it does want to renegotiate the backstop. vonnie: the market is concerned this will get disorderly quickly . guestget to our first from newport beach, california. it is not the primary theme that is impacting markets at the moment but brexit with all of these amendments, it is brenton center for market participants. what are you thinking as to how it will impact your outlook? events are having an impact across our portfolios, not just fixed income. we are focusing on what is going to happen in the near term. theresa may is forcing lawmakers to show their cards. today, seven amendments will be voted on and the most important b to allow the withdrawal bill to be voted on which will replace the backstop with alternative arrangements to avoid a hard order. the situation is fluid. we do not have exposure in our portfolios to sterling assets or the region. we will be watching closely. vonnie: there are so many unknowns which brings us to the what happens to

and it just shows that continues to be a rock of gibraltar. >> microsoft is down about 2% this morninge nasdaq is getting hit really hard. we appreciate you. >> as the sector. now they are looking to cut back on their popular rewards program. tracy carrasco joins us now with more on that. >> we could use some good news and during the segment. they previously calculated that the giant credit card rewards would make consumers spend more money. and then boosting the returns. they are finding that they are wrong. they are making some changes because of the banks that faced increasing crop cost. a great average of 15%. from a year earlier. at bank of america. we teased this earlier. would you eat airline food at home. they were selling the polaris cookbook. forty recipes inspired by that business and first class dining. as a nonprofit that offers culinary arts education program and is associated with many famous chefs around the world. you can buy it from united's online shop. did not even know they have an online shop. a new oreo is on its way. be on the lookout for this new decadent dark

significant winds we had already achieved such as on control over our waters or the sovereignty of gibraltar but the simple truth is this the e.u. was not prepared to agree to this and rejecting the backstop altogether means no deal whatever version of the future relationship you might want to see from norway to canada or to any number of variations all of them would withdraw agreement and we want i asked what would a no deal bricks it do to strengthen the hand of those campaigning for scottish independence or indy's those demanding a border polter i'm not interested may there outline the details of the exchange of letters between the u.k. government and the e.u. seeking to provide. assurances that the irish backstop which has been such a stumbling block in passing bricks it legislations would be temporary she also said that the attorney general general had advised and published advice says the e.u. pledge has legal force and think it's unlikely that the backstop would come into force ron that's in around half an hour thanks very much for watching i for. i'm adrian figure this is counting th

names like apple, then look at ones not exposed like mike pence which continues to be a rock of gibraltarrms of large cap tech. >> i want to go back to you, mark, on the divorce situation is that something that investors need to watch in terms of whether it continues to play out amicably we have 16% of the company at stake, right >> i was trying to avoid the question, jon. >> i figured that. >> you're not the first, mark. >> i'm just not sure that's uncharted territory for me, i'm not sure how it plays out. i really don't know. is it a new risk i guess so so i'm sorry, it is a curve ball i think investors will still largely focus on the company fundamentals, so i am hoping and i think that's what's going to happen that's my best answer to your question. >> tom, same question to you, especially given the fact that i would imagine there are investors out there that have invested in this company, not just because of fundamentals but because of the visionary track record of jeff bezos >> sure. here is how i think about it jeff bezos says he runs it as if he owns 100% at 16% or 1%, he will con

significant wins we had already achieved, such as control over our waters or the sovereignty of gibraltar. the truth is the e.u. was not prepared to agree to this, and rejecting the backstop altogether means no deal. whatever version of the future relationship you might want to see, from norway to canada to any number of variations, all of them require a withdrawal agreement, and any withdrawal agreement will contain the backstop. ,hat is not going to change however the house boats tomorrow. to those who think they should reject this deal in favor of no deal, the cause we cannot get every assurance we want, i asked, what would a no deal brexit do to strengthen the hand of those campaigning for scottish independence, or those demanding a border poll in northern ireland? surely this is the real threat to our union. just 74 dayswith until march 29, the consequences of voting against this deal tomorrow are becoming ever clearer. with no deal, we would have no implementation period, no security partnership, no guarantees for u.k. citizens overseas, and no certainty for businesses and workers l

and he remembers taking that ship through the straits of gibraltar. he remembers looking at that. think his uncle was in cleveland working in a brick yard and he will say, i won the lottery because i've gotten to live in the united states for 50 years. >> seth: that's fantastic. >> and he's still working and he cut's my hair. >> seth: and he gives a hell of a haircut. [ applause ] >> so, you've got to love carlo. >> seth: you mentioned dignity of work. you are right now on a dignity of work tour. i would like to know, that a lot of the places you're going are, sort of, early primary states? should we take anything from that? >> well, my wife and i are thinking about a campaign for president. and, you know, too many democrats look at, i think, the electorate as either campaign to the progressive base or you campaign and talk to working-class voters. you've got to do both. you've got to do both to win the heartland. and, you know, it really is -- if nothing, if we decide not to do this, and it's going to be a joint decision with my wife, connie schultz and me after we do this dignit

spain could renew its claims on gibraltar.s back at westminster. mrs may will be back in the commons in around a fortnight, and it could be tough. if she can‘t win concessions from the eu, brexiters are still threatening to vote down her deal. 0ther critics on all sides could well try again to take control of brexit. force her to delay brexit day on march the 29th, and next time unhappy ministers might resign and join the rebellion, as things stand, mrs may will be back in the commons, reporting a deal if she somehow, against all odds, gets one next month. and if no deal is agreed, she will report back to mps. a day ahead of a big debate and crucial vote the next day, valentine‘s day. but don‘t expect much affection in between rival factions, rival parties, or for that matter towards mrs may. if britain seems closer to the outcome that many fear, a no deal brexit. john pienaar there. so all eyes are on the irish border, and how to solve the issue of the backstop. ireland will be one of eu states most affected after brexit, giv

will he stand up for us against spain over gibraltar and over the commission to ensure we will get adeal. he won't even stand up for his own members of parliament. passions running high. let me take you back to last night. and that unprecedented defeat for theresa may. were you surprised by the scale? actually, i wasn't. may. were you surprised by the scale? actually, iwasn't. because i thought that if all of the mp5 who said they were in favour of, against the deal voted against it, it would be of that order. maybe it was a tiny bit larger. but it was the right ballpark. i was disappointed with it. for somebody like me who never thought brexit was a good idea, but agreed the referendum was lost and the government must deliver a brexit deal, ifelt lost and the government must deliver a brexit deal, i felt betrayed lost and the government must deliver a brexit deal, ifelt betrayed by that vote. i felt so much effort had been put in to provide a solution and that solution was thrown back in the prime minister's face. it was a water shed the prime minister's face. it was a watershed mom

say, i will let you.o if give me the fishing the spanish will say yes, you can go, if you give me gibraltarof getting them to do something on that, because you could have said that there would be no deal. but when you have a parliament and say,d two days ago there will be no deal, it is like saying, i will buy your , -- it was an abrogation of responsibility to the united kingdom. francine: but does it help investors? know, that there is no possibility of a hard brexit, right? lord jones: you are negotiating with one of the greatest negotiating machines of all time. what you do is wave the white flag two months before, you must be mad. jim: kind of. would the british auto industry -- it has become -- how on earth does anybody in think that in your strategy works and something doesn't go wrong in the last minute? >> no one of those companies want anything but stability and predictability. the company that need to kill more than we do is germany. we are the most profitable destination for their experts. francine:'s parliament not safeguarding the u.k.? would you have been happy with the u.k.

what is spain comes back and says, if you are opening again, we want further assurances on gibraltar.unclear to me why people believe the outcome of reopening the withdrawal agreement will be good for the u.k.. believe thatple some point you have to decide between a no deal brexit, wt arrangement or a softening of their stance. if they don't show a softer side, they will be blamed for what is happening. tom: i think the issue is, what softer side can they offer? if you take that problem of having no border between territories space and customs territory, what is the alternative solution? the brexiteers come out and say, we need alternatives, but then specify what the alternatives are. if they were able to articulate what the solution would be, there might be a conversation to have. the fundamental problem is that they don't have an alternative solution to the backstop. the inaugural brexit is very unlikely. i think people have misinterpreted it. we have seen this week is not an increase in the likelihood of no think what we have seen his other outcomes other than the prime minister's

the british defense secretary is saying is that the british navy could buy apal's in a straight of gibraltaroking for? does it have influence in the world, especially with donald trump retreating from being the champion of the u.s. does the pay have a role to play? is anybody actually thinking about this? jo: we should. have always been our best and strongest when we have worked with other countries. that is why our leading role in the european union is so important. absolutely, it is about what it means for jobs, but also what it means for our place in the world. at the moment, it is an world.in it is more important than ever that we are working hand-in-hand with our european neighbors. tom: this has been wonderful. we have that much more coming up. francine wanted more cowbell, so that is what you hear in the background. the drummer did not go to the school of drumming. john taylor of stanford university on roles and discretion. westminster,n at this is sort day for the united kingdom, this is bloomberg. ♪ francine: tom and francine from westminster today. this is "bloomberg surveillance."

we have heard what the french have said about fisheries, what the spanish said about gibraltar.ortant. the government, as a servant of parliament, and not the other way round, needs to go back to brussels, paris and berlin and spell out clearly to our friends in the eu why the deal is unacceptable and in particular the response to the backstop. and to explain that if the commission persists in this vein it will sour relations between the european union and the uk for generations, to our huge mutual, mutual disadvantage. the government have rightly stepped up the government have rightly stepped up planning for no deal. but it seems to me, particularly given the will of the house on this matter that even talk of cliff edges and no deals seems unduly alarmist. it will clearly be in everyone‘s interest for a whole series of deals and reparations to be put in place, no matter how temporary, at that point. we must use any extra time to look again at the available options. the shadowed brexit secretary talked about this. what are the pluses of norway and canada, what are these options,