marija veitmane from state street.ra: good morning from bloomberg's european headquarters in london. with manusehic cranny, live from dubai. manus: these are this morning's top stories. the death toll from the coronavirus climbs toward 500 with multiple cases of infection confirmed from japan to singapore. to pushuities continue ahead after u.s. stocks surged to records. house speaker nancy pelosi rips up the script during the president's state of the union speech. outperforming on his watch, trump claims. america's fortunes are on the rise and america's future is blazing bright. the years of economic decay are over. [applause] manus: and a beat, bnp paribas keeps pace with wall street peers in the fourth quarter, posting a jump in fixed income revenue. the cfo gave us his line on the impact of tiering. there is ampact -- positive impact, but there was also a negative impact. the other negative impact that happened in the summer, they don't have a contributing factor. nejra: welcome to "bloomberg daybreak: europe." mix

hogart and with marija:.getting any deal at all by the deadline, the end of the year 2020? veryt: it will be difficult. boris johnson saying the u.k. doesn't want special treatment. that is probably the first time in four decades. the problem is that they will get special treatment from the e.u.. andanada, you're far away care about subsidies who might have an advantage over europe. the e.u. cares a lot about the level playing field relative to a country that is very close, next door, and hence, the eu will not offer generalist terms that it would offer too far away countries to u.k., which has said from the very beginning under johnson that it wants to deviate from eu rules, where the risk of a singapore upon thames is there. the other question we need to ask ourselves is, does boris johnson want to leave under dp uto agreement -- under wto agreement/ -- agreement? holger: i don't think he does. the canada minus will probably not be ready by the end of the year. few negotiations afterward. marija: i don't di

you think about the vicious battles in marija and kandahar in the south and against the taliban. the violence and the depravity and what the taliban represents can never be understated and nor county sacrifice of so many men and women who fought them, fought him for decades. but, the alternative is fighting forever on a mission that really became very ambiguous on what was being done there what the outcome looked like. why are we there? why are we investing all this money in a military that can't fight -- won't fight the taliban. the government is extremely corrupt. the economy is still dependent on drugs. you have a very rural, poor population. what's the end state? i think a lot of people point to the fact that a sad reality is you cut a deal and then you hold them to it. jedediah: do you think that most people who have served our country look upon this and feel optimistic or do you think they look upon this and say who are you kidding? there is no way that a taliban is going to come to the table and fulfill these promises. pete: that's not a ding on the trump administration or