come back soon, james bevan.friday. good morning. a rather chilly start to the day, frost across northern areas. at least it has been a fairly sunny starterfor areas. at least it has been a fairly sunny starter for many. from the picture behind me, you can probably tell it will cloud over across most parts today, and some rain with that. here is the cloud, a big lump moving from the west, already across northern ireland, scotland, wales, the south—west of england, the crowd moving in. it is linked to a weather system which will bring rain through the course of the day, linked to an area of low pressure. through the weekend, things will stay quite u nsettled. weekend, things will stay quite unsettled. some brightness lingers across eastern areas today, the further west you are, cloudy, patchy rain from northern ireland, hill snow across scotland, eventually spreading into the midlands and may the south—east of england later this afternoon. maximum temperatures getting up to about seven to 11 degrees. wind is not a

tom: james bevan, thank you so much.ting our on brexit and where we are in the markets. thank you again for important comments on china. we will drive forward the conversation. this west 20 year bond went to a negative yield -- the swiss 20 year bond went to negative yield today. next hourmary in the to get your morning started in joinca, david kelly will us from jp morgan asset management. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need, and still save hundreds of dollars. do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $250 back when you buy a new samsung galaxy. click, call, or visit a store today. ♪ tom: this morning, what do

james bevan is going to stay with us. we have a lot more to talk about with james today.ll bring you the stocks on the move. so far this morning, including wpp, which is rising despite another tough year. 1/res killing it, up six and 3%. ♪ anna: welcome back. a positive session underway in europe. the stoxx 600 up by half a percent. accommodation of excitement, i suppose, from the asian session around trade and also earnings news. let's get some of that earnings news. >> montclair beat the highest everest estimates. ever court says they are delivering exactly as they should be. that stock of a percent. up percent even as they are telling investments that it will be a tough year. goldman sachs says forecasts came in slightly better than expected. what a move, up by 8%. man group to the downside, 2%. earnings dropped more than expected. immune tohey are not the struggles we are seeing in the industry. matt: thank you. let's talk a little bit about the fed. jay powell knows how to stay on message. the fed chair repeated his mantra of patience and says the u.s. economy was in

james bevan is chief investment officer at ccla investment management. i am relu cta nt to let's start with brexit, i am reluctant to do so but what a day yesterday, what did the markets make of it? they didn't much like it. they sent the pound down but that sent up the perceived value of overseas earnings to the uk. the ftse is up a quarter of a percentage. not a lot of volume so people not betting hard money but positioning ahead. treading water as they wait to see what the us central bank does on wednesday with this policy decision? quite right. everybody expects the federal bank will leave things unchanged but what is important is the statement they make. the odds on expectation is they will talk about one rate hike this year. but people are saying the us economy is rolling over and this might be the year where there are no hikes. and the online retailer in the uk has been one of the real success the uk has been one of the real success stories but things may be cooling a little? indeed, they had a profit warning and they said you are over expecting e

this stark warning comes from the chief executive of england's environment agency, so james bevan, who what he calls the jaws of death, the point on a graph where water supply falls below demand. and this could change if we change our attitude to water. the shortage can be prevented. he says cutting personal consumption from 140 to 100 litres, and reducing leakages, would give enough clean water for an extra 20 million people. dilling desalination plants, new reservoirs, and moving water across the country from where there is a surplus is another solution. water companies say they are committed to cutting lea ks and helping say they are committed to cutting leaks and helping people cut consumption. the government, water companies and the public will have a role to play, according to the head of the environment agency, who says wastage of water needs to become as socially unacceptable as throwing plastic bags into the sea. a pigeon that has been described as the lewis hamilton of the skies has sold for more than a million pounds. the champion racer is called armando and is described as

this stark warning comes from the chief executive of england‘s environment agency, james bevan, who says 50% will give enough clean water for an extra 20 million people. building desalination plants and new reservoirs and transferring water across the country from where there is a surplus is also part of the solution. the water companies say they are committed to cutting leaks and helping people cut consumption. the government, water companies and the public all have a role to play, according to the head of the environment agency, who says wasting water it needs to become a socially unacceptable as throwing plastic bags into the sea. we have long known there is money to be made in racing. one retired belgian racing pigeon hasjust fetched a record $1.4 million in an auction. described as the lewis hamilton of pigeon racing, armando has created quite a "coo." exceptionally strong wings and a fantastic sense of direction make him one of the best competitors of all time. but, despite spending his life flying in the fast lane, the online auction initially crawled by. fuelled by the growing po