jane foley. is our first guest on our new set. let's talk about the u.s.. there are many things that could move the dollar. inflation, and powell. it's a perfect concoction but i think it will be the tax reform. of u.s. fiscal reform has been the biggest driver of the dollar. whether or not i can sustain depends on the senate vote. we had ron johnson say he cannot vote for this. they can only afford to lose to votes. -- lose two bvotes. we hear that the senate is plenty to change the bill to try to get past. if they pass it, i think the dollar will go up. if they don't, the dollar will go down. gross we also get dollars. it could be a double punch. jane: the risk is we can have an upper division. but if you look at a survey of at trump's 3% ambitions, there is a lot of skepticism. economists don't think that's really feasible. we need reform to change the perspective to see if that can be achieved. for now, the market is not think that can happen. anna: it could have a big impact on the dollar. h

joining us is jane foley, senior currency strategist, rabobank. good morning. in the markets. what caught my attention todayis markets. what caught my attention today is japan, partly because of the aaron wake. japan seems to be creeping higher and higher in the background. if you include september, japan has had the longest spate of recovery since the second world war. you mean share market recovery or economic recovery? the growth of the economy has been growing for more months than before. it had a really strong... in fact it's been one of the global success stories of the year, japan. is that slow incremental growth? nothing that headline grabbing. we haven't noticed. but there has been this economic expansion. part of it is related to the yen. the value of the yen is relatively soft and that has obviously helped them. japan is a big exporting nation. china great has been good this year. global growth is quite strong this year which has helped japan. 0il growth is quite strong this year which has helped japan. oil prices have been cheap. they don't have nat

jane foley is still with us.generale and everybody's numbers is repressed volatility. when you look at the euro story, we were debating whether we would use one month, three months. the euro has been triumphant, but that is what you say is a dollar weakness story. in my at the beginning of a new -- mi at the beginning of a new rise in the euro? at hasost of the year been weaker, part of the dollar weakness story we have seen this year has been because of the rotation back into the euro. back, from antep investment point of view, this is as good as it gets in the eurozone. no one would have anticipated that if the student here at the end of last year. we have no interest -- we have low interest rate policy, low inflation. that is a good environment for growth. it is still a very good story, and that should be good for the euro. anna: jane foley stays with us. we are back to looking at the politics again, ahead. this is bloomberg. ♪ ♪ manus: it is a live shot of london. a beautiful day out there. cable is bouncing.

with me is jane foley, senior fx strategist at rabobank.start with zimbabwe and the herald, we have seen the pictures and it is about celebrations. or is it. quite remarkable that different tones of these stories. if you look at the guardian, we see it is about excitement, jubilation, but if you look at the zimbabwean paper, tried to suggest that while mugabe overstepped his welcome, people of zimbabwe should respect his head —— illustrious leadership and that his wife was the cause of the problems. the point about grace mugabe is a very strong cultural reference. you do not behave like that as a woman toa man do not behave like that as a woman to a man in zimbabwe. there is a lot more to that. ‘gucci grace' to a man in zimbabwe. there is a lot more to that. ‘gucci grace‘ was one of the ways they described her. why would a president‘s wife naturally be the next leader and it is a real issue. the other point i noticed in the herald, the chief whip said that president mugabe saved his reputation by resigning. 0n president mugabe saved his rep

francine: jane foley stay swith s with us. we will be speaking to the ceo of the analytics company that uses artificial intelligence. this is bloomberg. ♪ francine: this is "bloomberg surveillance" and i'm francine lacqua in london. here's sebastian salek. sebastian: bnp paribas has fallen in the ranking of banks. the financial stability board shows that citigroup fell one level in the rankings, meaning the extra capital requirements will be 2% of assets. bnp paribas fell as well, forcing it to face a surcharge. france and the netherlands have won the contest to host two london-based european agencies. the eu's banking authority will move to paris and the medicines regulator will move to amsterdam by march of 2019. the two cities emerged victorious after a series of secret ballots. nestle is amongst the company's exploring a purchase of hains celestial group. the food you want -- the switzerland-based company has a market value of more than $42 billion. representatives for hains celest ial did not immediately respond to reques

it held steady let's get more instant analysis with jane foley head of fx strategy at rabo bank. are you surprised by the fact that inflation did hold steady >> i guess i'm surprised, but this is not a big deal we know from looking at the inflation indices that we're in the process of peaking yes, it's good news that it is just 3%, not 3.2 it's good news that the bank of england doesn't have to write that letter but ultimately we still have strong inflation in the uk the message that it says is that maybe there's more reason for the bank of england to just sit on its hands, not do anything with respect to interest rates in the future, during the first half of next year. and that is detrimental for the pound. i do think that really that's where sterling's ability lies is not with economics, a lot is with the price and the shenanigans with the politics and uncertainty about the political position of theresa may's government and brexit talks into the end of the year >> you hit the nail on the head. i wanted to clarify with you what comes first in the pecking order when it comes to t

anna: jane foley stays with us. u.k. deputy minister joins us. you were a bloomberg customer, you can watch the show using tv . you can ask jane a question using the button at the bottom of the screen. president nicolas maduro says venezuela will renegotiate its debt. the new -- the move is an acknowledgment that the heavy debt load has become unsustainable. market joins us now. if a look at some of the other markets, there doesn't seem to be this heavy level of contagion from what might happen from maduro. you have to take into account that venezuela has been a basket case for a long time. if you look at its credit derivatives, which a lot of people do as a gauge of how weaker country is, it has been trading about 1000 basis points for more than three years, which gives you an idea of how few people are involved in venezuelan markets. it is only really specialists. your average investor is not looking at this country. from that point of view, the mark carney effects are going to be limited. we may see a little disturbance, but even the mexic

jane foley, senior fx strategist at rabo bankjoins me now.e later in the news briefing but first let's talk about this budget. 0n the issue of productivity, either know how much one but it can do to resolve it, but it has become an underlying infrastructure issue, hazard? it has. what we do know is that we will get a revision with respect to productivity from the office for budget responsibility. that immediately means that the chancellor is lately to be dealing with damage revisions to growth forecasts in the medium term. productivity is output per head. 0ften, productivity is output per head. often, it is investment that helps boost that. what we are seeing now in the uk is that we are seeing investment, where is the bank of england says we are seeing less investment them we would otherwise. but this is government investment in roads, rail, is about something?m we are talking about the budget, yes, we are talking about public sector. education is another one. but generally speaking, we could be talking of private sector investment, and it i

jane foley, how do you respond to these figures?en joining isis in syria, for example. but the 75%, it actually shows there isa high but the 75%, it actually shows there is a high bar, so referrals go to a local channel, and only serious cases are actually taken on as cases, so 75% are weeded out. what is happening here is there is a new duty on schools, and a lot of teachers are worried if they miss somebody they could lose theirjob for missing a potential terrorist, so in the initial one or two years i think it is to be expected that there will be a lot of false referrals, if you like. what effect will that have? if you were 16, i was 16, and we were referred knowing we had done nothing but because the teacher wasn't quite sure, or perhaps had suspicions that were inaccurate, it would have a real impact on you, wouldn't it? it could do depending on the individual circumstances. i'm quite shocked by the figures. because you think they are high. but there is also of me, yes, they are high, but also i think i need to see more of them

foley's head while we're cutting him further down. >> reporter: three of the show original cast members -- justin chambers, jane pick kins jr., and shondain further. >> you can warn me before we walk in this room. >> reporter: the highlight of the tour is the medical prop room. >> i think that was my patient. i don't remember the plot. but i remember that. >> you had the pen in i eye guy. >> i'm almost positive. >> i'm looking at hair. >> oh yeah. >> i remember this one. >> this is like our surgery wing and our o.r., o.r. 1 is here -- >> all these walls move, they go up. >> really? >> oh yeah, to make it easy for us to shoot. if we need to shoot in that room in this direction, we fly this wall right on up. >> reporter: show creator shonda rhimes has come up with some astonishing medical scenarios over the years. >> they research it. a lot of these cases you see we perform, they are actual cases. we've had some of the craziest things come through this hospital that you would ever want to imagine. >> have you ever looked at a script and you're like, come on. >> all the time, right? >> all the time. all the time. >> season 3, season 2, we