that you have it, the thoughts of jean—claude juncker and donald tusk bringing to an end a very long disagreement among the 27 over how long this extension should be and in the end, what we probably got here isa the end, what we probably got here is a fudge that probably suits all sides but does not really satisfy anybody in particular. a couple of things to pull out of that press conference. first and foremost, the date in june will only conference. first and foremost, the date injune will only be an occasion or staging post to review the progress that has taken place in westminster. donald tusk said it is entirely up to the uk as how it is perceived and deal with the withdrawal agreement. they can either ratify, leave the extension oi’ either ratify, leave the extension or rethink the brexit strategy if they want. they can revoke article 50, they have the time to do that. up 50, they have the time to do that. up to october 31. he dodged a question as to whether this is the final extension or whether it can be renewed. under the terms of article 50 as we have been discussing this ev

you are listening to the president of the european commission, jean—claude juncker. president of the jean-claude juncker. he was echoing what michel barnier said yesterday that no deal by april the 12th appears more likely. he said it is not what he wants but that is the feared scenario. in the meantime there has been a tweet put out by there has been a tweet put out by the european commission, it is in french but translates roughly as, if the uk is in a position to ratify the uk is in a position to ratify the withdrawal agreement between now and april the 12th, the eu should be prepared to give it a delay until may the 22nd. it is in fact not in french, it is in english and there it is, very clear. these details coming from the european commission. i‘ve got some more news, from the house of commons with the home secretary has been on his feet speaking about the windrush compensation scheme. your member thousands of people called the windrush generation who because of a lack of official papers were wrongly deported or forced out lack of official papers were wrongly deported orforced

where the president of the european commission jean—claude juncker speaking.ranslation: thank you, president, ladies and gentlemen, president and office of counsel. what has happened in westminster these last few days strengthened my conviction that the best way is ratification of the withdrawal agreement as approved by the uk government and endorsed by this parliament, and also by the european council. ten days ago the european council. ten days ago the european council. ten days ago the european council followed the request of the extension of article 50 until the 22nd of may on the condition the house of commons approve the withdrawal deal before the 29th of march. unfortunately, that did not happen. making reference to the statement by the

back in 2014 whenle european union appointed jean claude juncker, that happened the leading candidate. he was effectively the candidate of the epp who got the most votes in the election, but the remarks are really interesting because she's challenging this process, and she's saying that the heads of state will have a key say in who becomes the next head of the european commission. of course, this increases her odds of becoming the next leader of the commission because alda is not seen as getting the majority of the votes in the upcoming european elections. >> we're lucky we have someone who actually understands the intricate details of how european bureaucracy works it's good to have you on board, sylvia does vestager have a real chance here obviously, she's very ambitious, and she's throwing her hat into the ring, but she's not one of the names that come up as potential frontrunner. >> she has two main challenges first one, convincing her own country, denmark, to appoint

let's begin with this escalation of the trade twitch, jean-claude juncker is calling it. it is more than that, right? seeing the united states and eu go at it now on airbus and boeing subsidies. how does that impact your outlook on today's market? >> i think the main headline here is still politics matters. as it has done with significant impact in the markets over the last 12 to 18 months. i think investors really consider what the u.s.-eu developments are to put int perspective thdelopment between the u.s. and china and also consider brexit on both the u.s. and chi over the last six months. market sense has gone from outright negative two nonnegative, which is a positive delta. tothe u.s. government wants impose a shock on europe and take europe into recession, it has the power to do that. the government probably puts the u.s. economy itself at risk and risks a u.s. recession if it does that. likely to be a lot of headlines. ultimately, we don't see a real impact on this plays out in the coming months and quarters. vonnie: is it impacting any of the stocks you are recom

that was very much the point that donald tusk and jean—claude juncker was making.t the uk but all the eu countries. there wasn't much confidence in the political protest —— process in the uk and it may well be that again they need to review extension in october if there has not been away ratify the agreement that at least it does give all sides sometime and of course a very busy political calendar here in europe over the course of the next few months with the european elections, the change of guard at the commission and a new president in place across the road. all that will ta ke place across the road. all that will take place before the leaders come back to review on october the 31st which has not lost on many people. the same day of course is halloween. the same day of course is halloween. the one thing you would say about todayis the one thing you would say about today is strong and stable, as theresa may used to say, has been replaced by smooth and orderly and there was nothing very strong about there was nothing very strong about the uk position here. over th

that was very much the point that jean—claude juncker and donald tusk were making tonight.void at all costs was a no deal brexit. because in their view that would be painful for notjust the uk but it would also be panful all the other 27 eu countries. you did get a sense from angela merkel, in fact, from all the leaders speaking tonight that there isn't much confidence in that political process in the uk at the moment and it may well be that again they have to review the extension again in october if there has not been away ratify the agreement but at least it does give all sides some time and of course a very busy political calendar here in europe over the course of the next few months with the european elections, the change of guard at the commission and a new president in place across the road. so all that will take place before the leaders come back to review on october the 31st which has not lost on many people — the same date of course as halloween. the one thing you would say about today is strong and stable, as theresa may used to say, has been replaced by smooth an

. -- european condition jean-claude juncker has reiterated criticism of china, days after xi tried to ease concerns in paris. jean-claude juncker told german lawmakers that he, angela merkel and micron told xi it is unfair for chinese companies to have advantages in the markets. and he says that they undermine, policy. aviation regulators say that a fix for the grounded boeing jets are unlikely to win approval. the safety system linked to two fatal crashes is being reworked by bowing to make it less aggressive, and less likely to malfunction. it was supposed to be shown to the faa last week, but the schedule has been pushed back. the agency says boeing needs more time to carry out additional work. reports from the usa rolling stones' frontman make jack or er going to have -- mick jagg is going to have heart surgery in new york this week. the stones had to put their latest tour on hold in the u.s. and canada after doctors told jagger he was not fit enough. the tour began in january in 2017, crossing europe before landing in america. global news 24 hours a day, on air and @tictoc on twi

jean-claude juncker did say that the eu at the start of the stay, butll have to only if the withdrawalnt is approved before april 12. juncker and tusk on the same page? donald tusk last night was talking about the need for patients. that was not the message -- for patience. that was not the message i got from jean-claude juncker. maria: not at all, but if you follow brussels daily, you do realize that donald tusk is an optimist. he still thinks there is a way to maybe undo brexit, that the u.k. may ultimately change its mind, and that you can keep a very close relationship. i do think it is a mistake to think that donald tusk speaks on behalf of the european commission, the likes of juncker , but also to think that in this particular case he speaks on behalf of the eu 27. it has been made very clear by many other heads of state like emmanuel macron that they think this is a question for a different generation, that brexit needs to be put to rest now and the eu has to be move forward. i think you have to tread those very carefully. vonnie: european parliamentary elections don't typicall

we are here at the european parliament in brussels because we expect to hear shortly from jean—claude junckerbrexit and we will hear his opinions and those of the swedish prime minister. what you have heard from norman is about risk, well, the eu sees a lot of risk, well, the eu sees a lot of risk, too. they see the risk if they granta risk, too. they see the risk if they grant a short extension that nothing is resolved and in the coming weeks perhaps just before european elections, there is the risk of the uk facing no—deal again, elections, there is the risk of the ukfacing no—dealagain, or elections, there is the risk of the uk facing no—deal again, or having to hold those elections. the longer term risk if they grant along extension, the uk needs to stay in, but they would be asked to hold those elections. so the eu, it seems all the signals are it is going to stick to the position they outlined already, which is that the uk has to provide clarity by this time next week when eu leaders meet here to decide on an extension. and clarity means passing some sort of meaningful vote through parl

jean-claude juncker has stepped up his criticism of china trade practices, just days after presidentught to seek the european consent of his trip to europe. greece is reportedly planning to pay back some of its imf loans early. early repayment of loans is a long-standing ambition of the greek government as it seeks to bring down the cost of debt refinancing. china has reportedly named a new chairman for the sovereign wealth fund. bloomberg has learned that the current chairman has been tapped to leave it. may put an end to a time of uncertainty in the fund that saw several senior executives depart. elon musk has praised the his tesla systems. he says this has been addressed by security updates. over half of norway's car sales are now electric. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. nejra: thank you so much. the three-month the 10 year yield curve is positive again -- the three-month 10 year yield curve is positive again. dani burger is here to explain. >> is really hard to imagine how volatility stays depressed from

that was mr jean—claude juncker due earlier today.guest today. we have the editor of the times, and we had that guardian contributed. first of all, where rb but all that since the amendment did not carry, does that expect us to significantly develop that the conservative mps have returned to provide the family a majority of the promise that she is really going to hold indicative votes. it is a bit of trust. it is interesting because the statement that she made with working with jeremy corbyn, so it is interesting that the tops of strikes has not influenced this particular boat. that is important. as he had said assignment next week? she has that carry out her promise or we will not get them. i think of no other way. an enormous amount of trust that she will do that because we know she is a great china, but the dilemma is for labour. labour could potentially walk into a trap. i do not think labour can agree to anything at all. they can agree to stop the forms of brexit, but without putting it back to the books of the people, it will be

as european council president donald tusk and european commission president jean—claude juncker are hostinger today. so what is on the agenda? our business reporter tells us. agenda? our business reporter tells us. we keep talking about the us and china but the european union and china but the european union and china are two of the world's biggest trading partners with over $1 billion in commerce each day, this covers everything from industrial and consumer goods to clothing, cars and consumer goods to clothing, cars and chemicals. but the eu wants beijing to open up even further by negotiating an investment treaty but here is the thing. europeans concern about what it calls china's lack of transparency, industrial practises that it says discriminate against foreign companies and lack of respect for intellectual property rights, very similar to the issues that the us is concerned about. and china plans to invest tens of billions of dollars in the next decade in the economy plan called bells and road to promote chinese trade and infrastructure across asia and into europe and that weighed eu

jean-claude juncker insists the open tot is not negotiation. minister theresa may had asked for a much shorter delay and could now face a backlash from conservative hardliners. >> this extension is as flexible as i expected and a little bit shorter than i expected, but it is still enough. to find the best possible solution, please do not waste this time. i know therer may: is huge frustration from many people that i have to request this extension. the u.k. should have left the eu by now, and i sincerely regret the fact that i have not yet been able to persuade parliament to approve a deal which would allow the u.k. to leave in a smooth and orderly way. out, andinutes came they showed there are signals that policymakers are prepared to raise or lower rates and to require flexibility. they could remain on hold all year. those issues are described as "significant uncertainties," and it includes the slowdown in europe, the ongoing trade war, and brexit. and concerned about tepid inflation despite basically full employment. foroutput in venezuela fe

we did hear from jean-claude juncker who said not so fast. if you do not get this deal approved by april 12, it continues to be a no deal brexit. the u.k. leaves the european union without a deal. eu willgs clear -- the not get stuck in a cycle where the u.k. continues to ask for short extensions, and most crucially they are sure that if we do get to a change where the u.k. is still a member state by may they will have to run in european elections. no more extension. then you get to a steep cliff edge by the end of the month. david: it was not just jean-claude juncker good we had the chancellor of austria saying chaos will continue in the u.k. you have any sense from your reporting whether this is just negotiating talk or whether they are serious? maria: i would say there are two camps. this is an active debate. you have those who think there is no point in extending the agony of brexit. we need to move over. that is the cabinet led by emmanuel macron. the germans will tell you if we can get this deal, we need to work until that final moment

it looks like jean-claude juncker is throwing down. his is negotiating posturing. theresa may is negotiating with herself. 12, whoy she said may agreed to that date? alix: jean-claude juncker is basically saying you are done, europe your deadline, figuring it out. coming up, cashing in on the experience economy. how recreation and leisure is leading to more jobs. tim boyle will join us next in follow the lead. this is bloomberg. ♪ viviana: i'm viviana hurtado in the hewlett-packard enterprise greenroom. ,oming up in the next hour executive chairman. i'm viviana hurtado with your bloomberg business flash. jack dorsey would welcome more regulation when it comes to social media. dorsey said europe got off to a good start with gdpr, the law that tightened up data privacy rules. >> typically, our terms of service are hard to read and hard to follow and not necessarily the most customer focused things. gdpr put a stake in the ground to at least bring out some elements that you have a lot more control over and i think that is a net positive. i

she gets to sleep at all with the help of those tranquilizers, does she wake up thinking of jean—claude junckeracob rees—mogg or mark francois? nightmare after nightmare after nightmare! in the second paragraph, theresa may sat in stony silence and refused to discuss her future as the mps made clear she was causing the party damage. 0n her future as the mps made clear she was causing the party damage. on a personal level, you wonder how she is coping with this. i suppose it must be difficult but at the same time but at the same time, she could see two backbenchers, i want to get the deal through, i'll go to a party that will back me. we have to remember she survived a vote of no confidence. there is not a great deal they can do to get rid of theresa may right now actually in reality. it's difficult for them to do that. they try to do that but now they have to wait a year. and it will be difficult to move on from there. theresa may is in a position where she can reach out to labour. it's a shame it has come so late in the day. there is a logic of her position which is in the referendum, tories a

we heard a similar thing from jean—claude juncker. said today, it is time to get the sphinx speaking. we have had enough of the silence, he said. what the eu wants is that withdrawal agreement to be approved because we are now facing, april 12, of next week, the hard deadline at the minute, on which day the uk would exit the eu with no agreement, unless something else is agreed or some other action turn —— comes from the uk to try and change that. if parliament can agree on one of these motions this evening, then it is up to the prime minister, to what extent will the yield be trying to put pressure on theresa may to endorse what parliament has decided —— the endorse what parliament has decided -- the eu? we will see. the parliament, the eu, he will wait for a direction. it is negotiating with theresa may, not parliament back in london, but one of the concerns here is whether theresa may on the government will actually follow what parliament indicates because there is real concern that they could then have gridlock. parliament may ind

longer than mrs may had wanted but shorter than that suggested by european commission president jean-claude juncker and other leaders the compromise was because of french president emanuel mccrum he'd said a long delay would undermine the project of european integration. u.k. opposition labor leader jeremy corbyn described the need for a second extension to bragg's it as a diplomatic failure but he said he was committed to continue talks with the government labor will continue to engage constructively in talks because we respect the result of the referendum and we are committed to defending jobs industry and living standards by delivering a close economic relationship with the european union and securing frictionless trade with improved. it's and standards mr korwin also left open the option of calling for a referendum on any deal with grieved with the government if the political parties agree a way forward then the u.k. could avoid taking part in european parliamentary elections and leave the e.u. before the october thirty first deadline even if both sides do find some way of coming together the e

jean—claude juncker address that, the first clarity, really, from the eu since that statement by theresacker saying the offer of a short extension, which had been there only until the end of march, is possible for the uk to achieve, he said, provided the uk passes a withdrawal, or agrees to pass the withdrawal, or agrees to pass the withdrawal agreement in the next few days. after the 12th of april we ran the risk ofjeopardising the correct running of the european elections and the correct functioning of the european union. so what mrjuncker was saying was a very clear timetable there the uk has about a week up to the end of next week to agree or for parliament to approve that withdrawal agreement. then it can have a short extension. otherwise, what he did not mention was what would happen in the alternative case, if nothing is passed, the implication that a long extinction might well be possible. we heard from other speakers in the parliament who were saying that they believed a long extension would only believed a long extension would only be possible if the uk commits to holding those

we'll be back in just a moment. jean claude juncker — the president of the european commission — explainedght the extension would applied and what responsibilities the uk would have. we have recalled by colleagues that there should be the principle of sincere cooperation between all members of the states. we are convinced of the united kingdom will respect its obligations. injune when we meet again, we will not be renegotiating amongst ourselves or with the uk. the agreement that was reached months ago because the withdrawal agreement must be respected and sentara two. —— its entirety. we don't want the agreement to be called into question because that would jeopardise the backstop agreement that we have negotiated with our irish friends. i'm sure our friends are comforted to see that their wishes and concerns are being taken into their wishes and concerns are being ta ken into account their wishes and concerns are being taken into account by their friends in the european union. they will probably be an election and the united kingdom, that may seem a bit odd but rules are rules and we mus

the eu commission president, jean—claude juncker, has made some strong comments in the last hour on brexitgerman regional parliament of saarland, mrjuncker called david cameron, who instigated the 2016 referendum, "one of the greatest destroyers of modern times", and said the eu commission had been prevented from speaking up in the referendum campaign. he said if the commission had been able to participate, it could have answered many questions that are now being asked now. speaking about votes in parliament, he went on:. from today, broadband and landline customers will receive compensation automatically when experiencing issues with their providers. under the new rules, households who suffer from delays to installation or repairs, as well as missed appointments, will get £5 deducted from their bill for each day of disruption. until now, only one in seven customers have received financial compensation. earlier, sharon white, the chief executive of 0fcom, which regulates the broadband providers, told my colleague carrie gracie that people should not be kept waiting for a new line, or a fau

it needs to get sorted said jean claude juncker and said no—deal brexit is very likely and fed deal or over the irish border although that is all for the future. right now, at most other eu leadersjust want future. right now, at most other eu leaders just want mps to unite around the brexit agreement they negotiated with the prime minister. as we wait for mps to get back into the chamber and for that vote results, let‘s look at otherness because the of defence has launched and investigation into a video, showing soldiers from the parachute regiment, using a poster ofjeremy corbyn, for target practise. mr corbyn said tonight said he was ‘shocked‘ at the footage. our defence correspondent jonathan beale reports. this is the video that has caused offence right across the political divide, and huge embarrassment to the british army. four soldiers firing their pistols at an indoor range in kabul. they are using training ammunition. normal drills, at least until the camera pans around. they are using a giant photo ofjeremy corbyn as the target. the labour leader‘s face now splattered with pa

this is something that the eu and jean-claude juncker are talking about. is very real.ay we have a number of announcements made by the european commission. they said if there is a no deal brexit that there will be severe disruptions. would see big delays, custom checks. this puts the irish government in a difficult position. that theythis idea can manage a no deal is fantasy. they said this relationship is so big that it is not going to go away. the u.k. parliament has not come to grips with this. they do like the idea of prime minister may holding talks with jeremy corbyn. way this deal gets to the finish line is with a cross party deal. brussels likes that. solution, welear will get that in the political declaration and days. though the parliament has taken a million votes and nothing ever passes, people in brussels think there is a possibility that something at the last second will pass and the no deal brexit can still be avoided? >> exactly. there are two camps. come the french, they are tough on the brits. what i hear is they say time is up. is not able to answer f

before we head back to clients, we will have the press conference from donald tusk, jean—claude junckerald tusk, jean—claudejuncker, we are putting up jean—claudejuncker, we are putting up time on it? because it was so be looking at these conclusions?, the lawyers at the pour over at? we have had to end a half hours of talks and thatis had to end a half hours of talks and that isjust each of had to end a half hours of talks and that is just each of the had to end a half hours of talks and that isjust each of the countries. in 28 countries, that's a lot of countries, 27 in the room at the moment. they talk to each other and that takes two and half hours and they come up with eight potential problem i solutions. then as you say, the lawyers need to look into it. notjust the lawyers say, the lawyers need to look into it. not just the lawyers from the council but each of the member states have their lawyers who want to ask if they're happy with the text. is there anything if they take it home tomorrow and they will think "why do we agree to that?" and lawyers are not people who are going to

european commission president jean-claude juncker traveled to as london -- traveled today commemorations mark 25 years since the start of a genocide. the service at the memorial where belgian peacekeepers were among those killed. in the capital, rwandan president said his nation has learned some valuable lessons. >> we have to be there for ourselves and keep trying to do that. >> the mass killing of rwanda's tutsi was ignited in 1994 when a plane carrying the then-president was shot down and crashed who -- crashed, killing the leader who, like the majority of rwandans, was an ethnic hutu. calling on those on all sides of the military conflict to stop fighting. european union foreign ministers are meeting in luxembourg and are united in their call for a truce. because ittress this is very important. i think it is important for the libyan and important for me personally. deserve peace and security and stability for themselves. mark: the united nations has the death toll- has risen to 49, including civilians. libya is a departure point for many refugees trying to cross the mediterranean to

junckere, jean-claude says the time has come for british parliament to spell out what it wants. he spoke before last night's vote. >> nobody knows where we are going. we know what the british parliament does not want. we do not know what it does want. , enough of the long silence. matt: parliament failed to do that yesterday. joining us to discuss our bloomberg's senior executive editor david merritt and bloomberg's maria tadeo reporting from brussels. do we expect out of mae's cabinet meeting today? and why so long? david: they have a lot to discuss. there will be no civil servants present at first so they can hammer out decisions. she has got to decide how to break the deadlock. does she tack toward a closer relationship? she instructed her cabinet to abstain last night. there may be a majority for a single market if she were to pivot that way. or does she say we have got to go with no deal? or does she say we have to put this back to the people he? that will be either another referendum or election. that would mean a long extension , possibly up to a year. a range of options

at talks in brussels, japanese prime minister shinzo abe, eu president jean-claude juncker and donalde support for reforms to the wto. they had voiced concerns about increasing trade protectionism, particularly in the united states. >> to maintain the free trade regime. we agreed to cooperate with the strong message to the international community to promote free trade. abe reportedly also shared concerns with the europeans that britain might leave the e.u. without a divorce agreement. given the number of japanese companies that set up shop in the u.k. because they see it as a gateway to europe. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. caroline: let's get you up to speed with the earnings we have had. amazon has been moving after a much bigger than expected earnings-per-share. we saw growth doubling for earnings-per-share, seven dollars and nine cents. growingin line, cloud at a pace of over 40%. they are getting over half of profits from the cloud busines

we have been talking about the european commission site, the jean—claude juncker commission comes tonew present starts in november. but who starts the process, who decide to the new european commission president is, who decides what positions are put forward on the first week of november, how does it all work? that's where it will be interesting to see the details in this document because it's the eu saint it is the sorry, the 31st of october and that is it? they can't do that under article 50 because as long as there is unanimity, and keep going on, then they can roll it on. that they could say that this is their last... i suppose what it would affect is whether those uk commissioner —— there is a uk commissioner. if there isa there is a uk commissioner. if there is a chance to extend again and this is a chance to extend again and this is the same thing with the european parliamentary elections that they ta ke parliamentary elections that they take part or not, if their record to be in the eu past the 23rd of may, thatis be in the eu past the 23rd of may, that is why the uk has to t

he hopes to replace jean-claude juncker as president of the european commission.onversation in athens, he said he would like the eu to treat china more as a partner than a competitor. he also emphasized the need to reshape the bloc's trade relationship. ♪ >> for my part, it is a party of trade. we go for the trade agreements with japan, with canada, always a party of trade. trade, both sides of public development. and on the chinese side we should be in favor of trade, but the option remains for what is going on in china. they define key industries, especially in the traffic field, and you must allow companies to grow and to establish something that gives you the chance to compete on a global level with big companies from china. that is why i think we have to change the competition law to allow for the future. generally i'm a friend of competition, but in special markets, you need to understand that competition legislation must also adapt at the global level. >> so you would agree with relaxing, perhaps, some of those rules when it comes to antitrust and competiti

jean-claude juncker snapped at him, and angela merkel had to step in. clearly this was a summit that was contentious not just between the u.k., but also within the eu 27 leaders, and that was very clear with emmanuel macron. vonnie: theresa may will tell parliamentarians today that when they go on recess, they should use the time in order to destress, but also come up with some kind of solution. what is the likelihood now there will be a change in leader, perhaps even a change in coalition, and the u.k. before this gets sorted out? stuart: i think the pressure is definitely building on the prime minister from her own party, especially brexiteers in her own party, that they really have run out of patience with her leadership. not only the deal, but the efforts she is now making to strike a deal with the opposition has really riled some of her back benches. that is not to say there is an obvious route to force a change of leadership. the reality is theresa may is safe as head of the conservative party until late this year. whether they can deliver some ki

has led to deep frustrations and those happen particular did by the eu commission president jean-claude junckerhose to be called out, as well as concerns around the belt and road initiative. and the fears among some in europe that has been used to leverage divisions, for example, indebted countries like italy that has now signed on to the belt and road initiative and eastern european companies that are seen as being more open to the major infrastructure project around wish there are major concerns around transparency, sustainability. there has also in continuing dialogue between the two sides around an investment treaty. position,uropeans they see china as driving their feet. they are annoyed, frustrated there has not been more progress. the premier league saying that china was suddenly behind that unity of the european union. trying to us wage those fears around divide in concord that has been articulated by some. we should see if we get a statement out on the back of the summit. a joint statement showing there has been progress. if there is no joint progress, in underlines the divisions. haid

on brexit from european commissioner president jean-claude juncker.he european union's patience with the u.k. could run out. he told italian tv that london must make a decision on an agreement within hours or days. three times now british lawmakers have rejected a brexit proposal from prime minister theresa may. in turkey, president richard as suffered a step back at the elections. ankara and cities along the mediterranean back to the opposition party. the election board says the opposition candidate has now taken the lead in turkey's biggest city, istanbul. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. shery: live from bloomberg world headquarters in new york, i'm shery ahn. amanda: live in toronto, i'm amanda lang. welcome to "bloomberg markets." shery: here are the top stories we are following from around the world. global stocks surging on strong manufacturing data out of china. its trade envoy leaves for the u.s. for anoth

vonnie: jean-claude juncker in europe called the president's tweet a twitch.hing else ongoing that may not be getting as much publicity because everything that is happening today, but top executives from cigna, humana are also testifying before the senate finance committee on prescription drug pricing. democrats are concentrating on secrecy. what else can you tell us? kevin: three words, pharmacy, benefits, managers. this is a particular area in which there could be bipartisan consensus to get to some type of deal on lowering the cost of consumer drug pricing. speaker pelosi and president trump have signaled in recent months this might be a rare area where republicans and democrats can work together on. no doubt the ceos of the drug pricing companies facing congressional pressure today. vonnie: all right, kevin. thank you. you can watch all these hearings and complete coverage on bloomberg by using the terminal function live go. kevin also spoke a little earlier with senator cory gardner, a republican from colorado, on trade and other issues including new legi

influence, drug use, and criminal conduct your a warning on brexit from european commissioner jean-claude junckerhe says the european union's patience with the u.k. could run out. he told the timing tv london must make a decision within hours or days. times british lawmakers have projected a brexit proposal from theresa may. floodwaters are inundating parts of western in southeastern iran, forcing thousands to evacuate their homes. several rivers have overflowed their banks, triggered by heavy rainfall. iranthan 56,000 people in have been affected by heavy rainfall and flash floods since last month. at least 40 people have died. everyone --resident president erdogan has suffered a setback at the ballot box. the cities turned against the president for the first time since 1994. ankara and cities along the mediterranean back to the opposition party. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. david? david: there off and running for the presidency in 2020. with the democrat

on brexit warning from jean-claude juncker. could run out, sing london mosque make an agreement on a decision within hours or days. three times, british lawmakers rejected a proposal from prime minister theresa may. china's making goodwill gestures before trade talks resume. beijing is extending an extension of tariffs imposed on american cars. it is also including sentinel on a list of controlled substances -- fentanyl analyst of controlled substances. -- fentanyl on a list of controlled substances. president trump is saying we illegals,no more strengthening his stance to closing the border. what a moller, a solider, and honduras are having assistance cut for not stopping there citizens from migrating. salvador, andel honduras are having assistance cut for not stopping citizens from migrating. global news 24 hours a day on air, and on @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. francine: president erdogan's party has lost control in some parties. group showson poised to ta

francine: we understand from our reporting on the ground, jean claude juncker said, focus on political french will choose the commission and there will be european elections. if we have a withdrawing country macron says it will be problematic to integrate into your. -- europe. tom: we will have more from our brexit team. francine: here is the first word news. south korea's president is in washington to meet with president trump. he wants to get nuclear weapon talks back on track. the problem, kim is demanding release from economic sanctions. in australia, the prime minister calling and election for may 18 as he faces an uphill battle to keep conservatives in power a third term. the center-right coalition presided over a hiring boom, but stagnant wages have cut living standards. the crashes of two boeing 737 next jets are focusing attention on a little known device. rely on the angle of attack sensor. the sensors automatically force to avoid a nose down stall but have been vulnerable to failure. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journal

there may be a short extension, we heard from jean-claude juncker yesterday saying there could be an agreement by april 12, next friday. he did not really mention what happens if it does or he doesn't mention a long extension. he said he doesn't want to risk giving the keys to the e.u.'s future, it's about who leads the conservative party. to what extent do you do deals with theresa may and expect them to still hold? that is something europe is still wrestling with. we will learn more about that next week in brussels around wednesday in that meeting. manus: there is a wonderful saying, better the devil you know then the devil you don't. host derrick is our guest today. let's get the first word news with olivia. the u.s. is reportedly set to get china until 2025 to budget as the world's two largest economies and closer. the goal is to strike an agreement on the issues that follow president trump and xi to find a deal. millions of facebook records have been found on amazon's cloud service. a cybersecurity service found that information had been inadvertently posted publicly online. or

longer than mrs may had wanted but shorter than that suggested by european commission president jean-claude juncker and other leaders the compromise was because of french president emanuel mccrum he'd said a long delay would undermine the project of european integration. u.k. opposition labor leader jeremy corbyn described the need for a second extension to bragg's it as a diplomatic failure but he said he was committed to continue talks with the government labor will continue to engage constructively in talks because we respect the results the referendum and we are committed to defending jobs industry and living standards by delivering a close economic relationship with the european union and securing frictionless trade. with improved rights and standards mr korwin also left open the option of calling for a referendum on any deal with grieved with the government if the political parties agree a way forward then the u.k. could avoid taking part in european parliamentary elections and leave the e.u. before the october thirty first deadline even if both sides do find some way of coming together the e

jean-claude juncker says the e.u.'s patience with britain will not last forever. the warning comes as the house of commons again seizes control timetable, debating the options for a way forward over brexit. that's get straight to westminster. let's getds -- straight to westminster. anna edwards. how likely is a no deal brexit now looking? is it becoming more of a central risk? good morning, manus. let's not forget that it is the default position. comeril 12, is nothing -- april 12, if nothing is done, we will see a no deal exit from the european union. a lot of conservatives quite like that idea. this is a popular option must week amongst the mts in the conservative party. over the weekend, we saw confirmation that 170 tories, including 11 cabinet members, have written to theresa may. it does remain something that is popular. maybe they think that will be popular with the grassroots. we see another stage of the indicative votes process taking place today. narrow that down. we will be dr. talking about a second union, some referendum. so there is still very much th

for example, selecting a new president of the european commission, because jean—claude juncker is retiringecause jean—claudejuncker is retiring in november, they will have to decide ona november, they will have to decide on a replacement in the summer. there will be a vote at the start of next year on the multi—annual financial framework, the long—term budget of the eu which will go from 2021 to 2027 but needs to be approved next year. there are plenty of people in the eu worried that the uk could obstruct those big decisions as it remains being a member state for longer. michel barnier said he has from lots of european businesses who say please end the uncertainty now and it may be that a long extension is not ideal. so michel barnier not delivering a dramatic sandpiper playing out all the options, spelling out some of the costs and asking the uk to choose. thank you very much, adam fleming in brussels. we will now go to the european parliament's foreign affairs committee and the eu chief brexit negotiator michel barnier has just begun addressing the committee. translation: thank you for