mark: i'm mark barton. there is 30 minutes left in the trading day. e european close on bloomberg markets. ♪ mark: here is what we are watching today. david cameron had some choice jeremy corbyn today. we will discuss the latest play within the halls of westminster. vonnie: the msci all country world index heading for its highest levels since the u.k. referendum vote. the latest assessment of whether the banks can weather a financial crisis comes later today. in will foreign banks fare the latest round of stress tests? vonnie: let's head to the markets desk.

i mark barton in london. quinn innd i'm vonnie new york. it looks absolutely beautiful. foggy, may mark, but -- , it: it was raining earlier was raining earlier, and it is st to rain tomorrow, wednesday, thursday, and friday. don't even try to cheer me up. vonnie: maybe we'll get sunshine on the weekend. private investment slowed and china. -- the data lending lending support to the picture economicle l-shaped slowdown in china. the data was largely in line with forecasts, with industrial output increasing 6% from the previous year. as eclectic, retail sales were up 10%, helped by a pickup in auto sales. fixed asset investment rose 9.6%, which was well below 10.5%. estimates, state owned firms were left it to pick up the slack. how sales picked up 30%, well below the more than 60% increase we saw in april. it suggests policies to tighten sales in tier one cities like shanghai are having an impact. overall bloomberg's gdp tracker points to a 6.9% increase in may, comfortably within the government's target range. tom mackenzie. are 50 minutes away from the end of the monday

i am mark barton. vonnie: i am vonnie quinn. are watching "bloomberg markets." julie hyman has been looking today. what is moving? julie: you have the broad rally and broad rebound, then specific calls helping individual stocks. one of them is dick's sporting goods. best positioned to benefit from the sports authority closures. the company is liquidating. the goldman sachs analyst is reiterating a buy adding dick's y. a conviction bu visa is overweight after the selloff. what is interesting is that visa is repurchasing visa europe. analysts say that eventually this will wear some fruit in terms of accelerated growth as a result of the transaction. those shares are up by 3%. travelers, being upgraded. bank of america and merrill lynch has to do with valuation. it is a somewhat defensive play because of the situation with the brexit. most of its operations are in the u.s.. slower economic growth can mean fewer claims according to the analyst. shares up 2%. companythe oil services getting a boost from oil prices and being upgraded t

mark: live from london i am mark barton.er ofissected the the polls and possibility of a brexit, but what will the days after a brexit look like if it happens? ian wishart has been writing about the potential shockwave surrounding a british exit from the eu. the eu has drawn up a roadmap in case there is a brexit eventuality. why is that? ian: i think as much as anything because for a long time they did not really believe it could happen. it was something that was talked about that they did not really believe it. the weeks and days of this campaign have gone on and it has become more and more like a reality so what they are trying to do is come up with a plan not to deal with brexit but to sort of firefight of how to stop eventualities like other countries thinking about doing the same thing, about what if the markets get scared, these things all made to be sorted out if there is a vote to leave. mark: give us an idea of what this damage limitation exercise could look like in the days after if the u.k. votes to leave the eu

i'm mark barton in london. mark: and from new york, and vonnie quinn.itics and the supreme court decisions. we have our supreme court reporter greg standing out of the court building. and we have a brand-new interview with president obama on tap with megan murphy and washington d.c. questioning president obama honors economic policies. the president has a few months left in their are other things that may form part of his legacy. saidne thing that has been is he is an antibusiness president. but when you look at the data, he is pro-business. cares what shape he leaves the economy. what comes through clearly is he really cares about making sure we have a workforce and an economy sustainable going forward given the disruptive forces at work with technology and automation. what he wants his legacy to be is he has taken us to where we are now, but he is super focused on what i want to leave forward in terms of preparing us to compete? vonnie: one of the major things that will come out of his presidency or executive orders, and one was on immigration, and we

mark: i'm mark barton. vonnie: a raid in google's office in madrid. s merger is closer. file clearance in south africa -- wins final clearance in south africa. tax investigators are searching google and madrid. google says the are cooperating. last month, french investigators raided google offices in paris. mark: plans to bring more diabetes drugs to a place that needs them -- china. >> we are eager to make sure these products can be brought to market because there is a strong need for it. at the moment, new products come into china five years or more later than the eu and u.s. it could benefit chinese patients. mark: the biggest ill ever in the beer industry -- the biggest deal ever in the beer industry is one step to being completed. anheuser-busch, $4 billion takeover. there are some conditions. they have to sell its stake in a south african liquor company. vonnie: time now for our bloomberg quick take what we provide context on issues of interest. saudi arabia's bast oil wealth -- vast oil wealth -- we explore how they plan to navigate the post-oil

know you have a zero record with me, because all of your charts are great, but you are the winner, mark barton done, hillary. vonnie: take a look at where u.s. majors stand right now. up 1% at least. ♪ alix: it is noon in new york, 5:00 in london, and 1:00 in hong kong. scarlet: welcome to bloomberg markets. from bloomberg world headquarters, good morning. alix: here is what we're watching at this hour. a strong start to the trading week as global stocks soared and sterling surge after we control suggested the u.k. u.k. is more likely to remain in the european union. donald trump has severed ties with his campaign manager. a divisive figure on the trail as he tries to recover from weeks of falling polls. lawyer joins us on my big companies are actively praying on their debit competitors. over to the's go markets desk julie hyman has been watching the action. ju

mark: i'm mark wotton -- i'm mark barton. you are watching the european close on bloomberg markets. we are going to take you from new york to london in the next hour. here is what we are watching today -- stocks in europe rebounding from their lowest levels since february while u.s. markets are getting a you -- muted but spirited performance. decision andomc statement at 2 p.m. today at a press conference at 2:30 as fed watchers are ready to dive not only into the rate decision but the fed's up dated forecast and chair yellen comments stop mark: brexit backers launch and our motto while the chancellor warns of a leak future if written votes to leave the eu. eight days to go until the u.k. re

mohammed al habtoor spoke to mark barton about the expansion plans.ammed: we consider real estate separate from hospitality which is the hotel. that is where we are expanding. there are lots of residential towers in dubai which some are for sale as units or for people. now, there are some for rent. we're looking at real estate projects in eastern europe so far. we're looking at perspective buildings. we have a team in eastern europe studying the situation. the income, the yield and the finance. mark: in 2014, there were some mumblings of a potential ipo of the al habtoor group. where are we now? is it a possibility in the coming years or not? mohammed: we have been talking about the ipo since 2000. but 2014 was the most serious finished 99% with everything and there was only 1%, my father, to go ahead or not. 25%.s the amount of cash that we will be receiving is big cash. we look also at extension with this cash in the middle east, plus europe and the u.s.. onlyther, his discouragement was i will involve many people in the deal so i will have lots of

. ♪ london andfrom west new york, i mark barton.nie: i am vonnie quinn and you are watching "bloomberg markets." time for the bloomberg business flash now. the euro disney group has been acquitted of discrimination charges. the association that filed the original complaint said that a 2006 job ad for the paris theme park was intentionally designed to exclude applicants from africa and turkey. euro disney admits the word was clumsy but denies discriminatory intent. toldas ceo stefan larson stores to eliminate three layers of management and/jobs as part of the ways for plan. the cost may be as high as $400 million. u.s. workers was not as severe as first bought. productivity declined at an annual rate of 6/10 of 1%. there was also a 1.7% drop in fourth-quarter. that is our latest bloomberg business flash. let's head to the markets desk now where julie hyman has been looking at biotech shares. julie: biotech and health care are very active today. we were talking about that cancer doctor meeting over the weekend, but we have moved on fr

let's head to the bloomberg with mark barton. mark: we are up the most in a month.industry group on the stoxx 600 is gaining, led by banks, travel, and insurers. we are still on track for the third weekly decline. that is the longest losing stretch since april. i thought we would look at the andd today against its feet peers. -- its g10 peers. this is following the killing of the u.k. labour party member jo cox yesterday and it is leading to speculation that voters in the upcoming referendum will be more likely to favor remaining in the european union. an ardent eu supporter. a quote from sydney, it is evident that the rally is being attributed to the belief that yesterday's tragedy has increased the likelihood of the remain side holding sway in next week's referendum. the referendum campaign has been suspended for a second day after butmurder of jo cox, sterling has benefited today. intraday against the dollar, pound fell to a march low yesterday. implied volatility is down for the second consecutive day after falling for rising to its highest since 2008 on tuesday

mark: i am mark barton in london.s is a special edition of bloomberg arc it's on bloomberg television. vonnie: it is time for the bloomberg business flash, a look at the biggest business stories outside of brexit. there is a report that google will release its own smartphone. there in talks with mobile operators about a cool branded phone. they are to make the android system that runs on four out of every five smartphones. china is considering changing the rules of joint ventures with foreign automakers. this is according to the national autoe commission. a new study says that companies face more data tests from their own employees than they do outside. the study comes from accenture and hss research. more than two thirds of companies surveyed report attempts by insiders. slightly more than half say they were targeted by outsiders. that is your bloomberg business flash for this hour. dark? -- mark? mark: let's get back to the thick story. looking at the economic winners and losers from this vote. give us an idea of th

i am mark barton with vonnie quinn. take you through all the action, every industry group on the stoxx 600 rose today. the expectation now seems to be after fed chair janet yellen's meeting in philadelphia there will not be a rate hike in june and maybe not july. possibly we will have to wait until september. rallying today as wti hits its highest level since july, brent its highest level since october. she'll cutting at spending plans further, promising increased cutting itshell spending plan further, promising increased savings. the biggest european energy company will spend less this year. it was down from an earlier projection. synergy from the bg acquisition will provide $3.5 billion in savings for 2018. these are the big majors in the world since january 20 when as an industry group, they fell to a 13 year low. what a day for sterling. 5:00 a.m. london time spiking within seconds 1.5%. was it a fat finger, a slow algorithm, a stop loss order? we do not know but it shows the height of volatility ahead of the refere

. ♪ mark: by from london and new york, i'm mark barton. it is a hazy friday, vonnie. right, mark.s that on purpose? mark: we pay them and we pay . em 10 pounds vonnie: oakville, ontario, and chicago. viacom says earnings for the quarter ending engine land the edight analyst's -- lagg behind analyst's estimates. siemens and a corporation has agreed to combine functions. europe's largest company will own most of the capital of the new business. that is your bloomberg business flash. mark: oil has had its biggest weekly drop in more than two months. brent crude is looking like this. predominately, it is the weaker dollar falling for a third day. we are seeing nymex crude up by 2.6%. brent crude up by 2%. -- by 3%. dudley told ryan chilcote saying that he sees oil stabilizing. to begin to see by the end of the year, we will get back into a supply and demand balance on a daily basis. that will firm up, i think, the volatility somewhat. then we will still have a lot of stock we need to work off for the next two years. mark: still, oil's recovery remains fragile. here is what dudley told

mark barton, the winner. take a bow. deed i shall take a bow.are heading toward the european close. the four minutes away. stocks are in a five day drop that saw 600 billion euros wiped off the value of european equities on the up today. the european close is next. ♪ mark: live from london and new york, you are watching the european close. out what happened to european equities today -- every single industry group rose. what a difference to the fortunes of the stoxx 600. 1.2% after five days of losses which lost 7.4% of the value of the european benchmark. yesterday, fell to its lowest level since february 24 stop nerves frayed in recent days but some calm has been restored. the world's biggest clothing retailer reporting first-quarter profits that eat expect haitians. .evenue rose 15% it is focusing more online. it still has 7000 stores in 90 companies but is scaling back its bricks and mortar expansion. h&m, total sales up by 9%, below and estimate from sme direct, but h&m says the adjusted calendar effect means that sales rose will stop the s

semi-cloudyrom a london, and mark barton.cks finishing the session low, but not as low as they were earlier in the day. still, the sixth decline in every single industry group falling. it was another day of volatility. index, europe us fear basically telling us what equity volatility is all about. as you can see from this chart, it is clear what it is all about. sixth day in seven. but now we are, at the highest with equity volatility on the rise because of concerns ahead of next week off referendum, which has been talked about a great deal by a number of central banks. what is interesting is what is happening in the government bond market with record yields across the board. we see a diversion's in the core and the periphery. the u.k.s ahead of referendum next weekend. differential between the spanish and german 10 year. recentbeen rising in stays and has been rising. we are nowhere near the levels we saw in the sovereign debt crisis when the yield differential between germany and spain hit 6.38%. we've seen the 10 year ago

mark: i am mark barton. "the european close" on bloomberg markets. ♪ mark: we will take you from new paris.o london, to this is what we are watching. pushing to record low yields on global growth concerns because the fed and the boj are gearing up to meet next week. diving into the brexit debate, warning it would be a catastrophe of britain leaves the european union. we are turning to the world of sports as euro 2016 kicks off in paris. mark: a check where european equities are trading, 30 minutes away from the end of the friday session.

. ♪ mark: live from london and new york, i am mark barton.ty: i'm betty liu, and this is the european close. back on oil prices, the opec ministers decided to stick to their policy of unfettered production after rejecting the basel's -- proposals for new output ceiling. >> we didn't discuss about this issue in opec, but it is very -- that without country quarter, opec does have no meaning. when we have a country quarter, we can control total production and monitor the situation in the market. mark: oil tipping under $50 a barrel today. crude showing little reaction to yesterday's opec meeting. joining us now is a marina 7 -- amrita sen. what is the idea of the production quota being reinstated -- a little bit of a red herring? opec can enjoy the fruits of his labor, the rategy thafirst implement it to hold the market share back in 2014. the strategy is working, you are seeing non-opec supplies declined sharply. the ceiling that was briefly talked about is more symbolic, especially after the dough hard r debacle. doha they are trying to establ

i am mark barton here with vonnie quinn.has been almost a month for the stoxx 600, the european benchmark, 18 out of 19 industry groups rising. the only declining 1 -- food and beverage. it has been the longest losing stretches cents april. -- since april. 16 out of eight, though, the stoxx 600 has fallen. 36% versus 46% yesterday, no campaigning of course ahead of the referendum next thursday in the wake of jo cox's murder yesterday. the volatility is editing -- ebbing today, but i want to talk about the ftse 100 index in the hole space of the referendum, thinking about the referendum, it basically says is a brexit occurs, it could fall as much as 16% to 5300. there is the green line. we have not seen those level since mid-2011. will see a 14% upside. it has done calculations for the it will be a -- 17% upside. it is so binary, you did not need me to tell you about it. of wirelessmaker networks, ericsson, had a march 2013 request to provide information on its operations. it is working diligently to answer the questions. thi

-- mark: i am mark barton. this is bloomberg markets on bloomberg television. mark: new polls show the chance of a grexit is declining. since 2008, we will hear from the veteran investor. then, janet yellen goes before congress and could yield questions -- mark: the impending grexit vote, we will hear from the president whose facilities are designed to fill the link for the commercial aircraft. why his company strongly supports britain remaining in the eu let's head straight to the markets desk where julie hyman has been watching things. julie: in the united states, over this momentary grexit concerns based on the latest polling. major averages up 1%. biggest rally in about three weeks time. the s&p 500 going back to june 8. it is the last time we were close to the record. were on the s&p record watch for a while and a big slump in the market. we are not coming back to the record level. quite a change over the past several weeks. theing back today, some of contributors, we have got apple, microsoft, jpmorgan, a diverse group of stocks. definitely helping to lead

. ♪ mark: live from an overcast london and new york, i'm mark barton. betty: and i'm betty liu. is the european close on "bloomberg markets." mark: we are seven minutes away. for equity investors committees to be dipping into the corporate bond purchases, fairly uneventful. -- for equity investors, the ecb dipping into the corporate bond purchases must fairly uneventful. -- purchases, fairly uneventful. this program kicks off in june. >> the market is not pricing anything in. it might be a lesson learned from what happened last year. than 15% lower than we were a year ago when the ecb started with this qe program. jpmorgan identified 40 company that will benefit from lower funding costs because they have such high leverage, such high cost of debt. these companies have barely outperformed the market. pretty much flat all across europe. tell us why there is this skepticism and lack of interest. of profite lack growth, that is outweighing everything mario draghi throughout the markets. there's no optimism. buying government bonds did not really do anything for growth or demand for

mark: i am mark barton and this is the european close on "bloomberg markets."re voterspain surprise the pollsters in the country second election in six months, delivering a victory to the veteran prime minister. ben sills is in madrid with the latest. it is a complicated situation in spain. how can you best some of the results? winner.oy was the big not have won by a enough to form the next government. now we enter another phase of negotiations. vonnie: does he negotiate better with the right or what the left? ben: he needs to move toward the center. he is on the right of the political spectrum. he has the probe market people and then you have the socialists , who are the centerleft. those are the potential partners and they said they will not support rajoy. he needs to ramp up pressure for them to cave in. mark: how long is this going to take? ben: how long is a piece of string, mark? the main event we are waiting for is the first confidence vote of a new candidate for prime minister. at that point, the clock starts running and they have two months to form a g

let's go more to mark barton who has more context on these headlines. rk: we are just hearing from the west yorkshire police holding a news conference that the labour member of parliament who was attacked earlier -- she was shot twice. she was stabbed. she has died after the attack. we understand she was in a critical condition, the west yorkshire police have confirmed that cox died as a result of injuries. now, the police have also said a man has been arrested, and weapons have been recovered. the news conference is taking place in wakefield in west yorkshire. she was attacked earlier today in her district, the west yorkshire police say. they say it is too early to discuss a motive. it is unclear. -- in hisarlier unclear -- we heard earlier -- this was linked in any way to the referendum. a man has been arrested earlier. we heard from various news sources that a 52-year-old man had been arrested. the bbc website said that a homemade gun was also found at the scene as well. the very tragic news, which has , theconfirmed, that jo cox labour mp, has died.

heart is what mark barton does every day, mark barton's son was murdered in his classroom and mark barton gets up every morning and he can't have breakfast with the rest of the family. he can't do that now. it's too painful. his house alone in with the rest of the family sleeping because his son is no longer there. mark barton is one of the activists who because this congress has failed to act, these american heroes pound the avement, go to churches, synagogues and mosques and go to chambers of commerce to pressure this body, the house of representatives, the people's house, to take action to defend the people. what we do is not that hard, not compared to what mark barton does every day and not compared to the heartache in chicago where you have dozens dying on a giving weekend. folks, it's not that hard. we can take the vote. we should take the heat. and we should act to save lives. thank you. >> i thank the the gentlewoman from for her comments and she is correct. mr. thompson: can you imagine that? we have all kids, can you magine your child being lost and get the call that your son or

i am mark barton. the manufacturing figures. 51.5, back in line with the earlier estimates.mi manufacturing, 51.5, back in line. we have a busy show lined up today. in the next hour, we will bring you interviews with executives from embraer. live from the ground and the only cd formed in paris. speaking to year grumman you. just speaking to geer grumman you. stocks are lower. the stoxx 600 rises for the third month. -- don't forget the m&a fell for the first time against the dollar. as opec ministers gather in indiana, -- in vienna, crude is falling. wti, that was brent crude rising . the longest stretch since 2011. here's nejra cehic. nejra: japanese stocks fell as begin soared after prime minister abe confirmed he will untilne a sales tax hike 2019. oblique previously said only an economic shock or a major earthquake would cause a delay. china's official factory gains remain in expansion territory in may. that adds to eminence stabilization in the world's second-largest economy. pmi came in at 50.1. to private measure fell 49.2, matching economists estimates and down 49.4

let's head to the bloomberg with mark barton for your asset check. we had a very busy friday. aned in. flat, literally, 0.00%. friday, what a shocker. that nonfarm payrolls report showing an increase of 38,000 jobs, the weakest in almost six years. resort companies are top of the leaderboard. the dollar weakened on friday. if the fed doesn't hike rates, that could further weaken the dollar. the big news today in the u.k. is a number of polls showing the remain camp is falling behind. the brexit camp is coming up on ahead in a couple polls. that is impacting the pound against the dollar, which is falling to a six-week low today. more favor leaving the eu. for itv found 45% would choose to leave compared with 41% picking remain. a separate survey showing 43% for leave versus 41% for remain. the pound has been the barometer throughout this referendum debate. this is sterling implied volatility assessing the implications for movement. this is going back to 2011. we've reached the highest level in six years. volatility is picking up against the hand of the referendum on june 23. the

as across europe is trading lower, let's head to mark barton.s europe 600 is down 1.4%, a five-day losing streak, the longest since february. 7%,stoxx 600 has fallen by the most since february 11 when it fell to a two and half year low. there is a number of fears besides brexit, which i will come to in just the second. the fed kicks off its two day meeting today. we have the bank of japan meeting, the swiss national bank, and the bank of england. let's get to volatility, this is europe's fear index. indexthe ftse volatility rose for a fourth consecutive day to the highest since february, ms. gage is rising for a fifth consecutive day -- this gauge is rising for a fifth and it has day, jumped 57% in five days. that is the biggest increase since august. we have had four polls from three companies putting brexit ahead. we have had the sun newspaper go forth and support brexit, in its words "outside the eu we can last toicher, safer, at forge our own destiny as many other great democracies do. britain will be engulfed in a few short years by this re

live from london and new york, i am mark barton. vonnie: you can mistake the skyline for london. as the blue sk vonnie: i am vonnie quinn. this is "european close" on "bloomberg markets." mark: coming up -- next week, msci will decide whether to include china. ftse russell has been gradually increasingthe way -- mainland chinese stocks, long investors to add at their own pace. vonnie: so where could we see the inclusion of chinese stocks in the ftse russell? joining us is the ceo of ftse russell, margaret these. is this a concern -- mark makepeace. is this a concern? mark m.: the question is we need theirlude china and indices. the china market is the second biggest market in the world. to continue to exclude the market is something we cannot do long. vonnie: would you take a different decision and include china shares and other businesses? mark m.: we will include china indices in their global indices. we are different from our competitors here, because we have already given international investors an opportunity to bring china shares into their emerging-market benchmark. -- vang

let's head to the bloomberg with mark barton. : stocks little changed, the final campaign -- day of campaigning before the referendum. 80% chance of a bremain. i did a chart showing you the best-performing u.k. assets since the referendum was called on february the 20th. index,g with the pound it is the pound gauge against seven currencies and it is up by 1/10 of 1% but only 10 days ago it was down roughly three and a half percent. as have seen a big rebound the change in fortunes of the remain camp occur. indexitish sovereign bond has seen a return of 2% since david cameron called the referendum on february 20. the best-performing asset class is the ftse 100, up 4.7%. underperforming the s&p 500 which is up by 9% over the same period. let's look at the implied volatility. it is gaining after two days of losses, still below last week's highs. two-week probability is also gaining. one month volatility is declining after gaining yesterday. all three measures hit record highs last week. a big day tomorrow. this is a wonderful chart s

. >> i'm mark mark barton. amazon jumping into one of the world east competitive grocery markets. amazon fresh foods delivery service will be available in central and eastern times. joining a very crowded market. it's the first time the service is being offered outside the u.s. why would anyone want to join this cut throat grocery market? >> lot of people are asking that question. for amazon this is about trying to draw more people into amazon prime. i spoke to them yesterday they were -- if they can fix it here, why not anywhere else. >> after a little while, those members would have to pay extra, about $10 to enjoy delivery within four hours. how does this stack up against competitors? >> pricing model is different. amazon need the prime membership for a start. the fresh delivery pass. that gets you free grocery deliveries if they've over 40 pounds. if they're less you have to pay another four pounds. it prices up the groceries. they pitched their offering just below the cheapest player currently in the market. it does deliveries if they've over 40 pounds. if they're less you ha

let's head to the bloomberg with mark barton for your asset check. is the wonderful gmm function. look at the left-hand column, at the gains we are seeing on some of europe's major equity benchmarks. island up, netherlands up, denmark up, greece up, dax up, belgium up. the biggest gain for the stoxx 600 since february after falling for the third consecutive week. this is the currency:. 2%,british pound is up by the biggest gain since 2008. but we'll talk more about the pound and a second. yields are rising in switzerland, australia, austria, germany, finland, the united kingdom, yields in the u.k. rising to record lows for eight consecutive days prior to friday. we are seeing a risk rally in commodities as well, all because a couple of polls showed that the remain camp are ahead. one poll taken sunday showed remain facts by 45%. reversed positions from its previous survey and also we had a survey by the sunday times, one third of which was conducted before the attacks. and is saidresting to be timed to the killing on thursday and suggested that it ma

. ♪ mark: this is "bloomberg markets," i mark barton. betty: i am betty liu, new york. markets? mark: it's a similar story, a flight to safety in light of u.s. jobredibly weak numbers, which took everyone by surprise. i can say that, categorically. you look on the bloomberg and the most pessimistic forecast has an increase of 90,000 jobs. that was still way too optimistic, more optimistic than the actual final figure. down, we haveis gains in london, the first daily game this week, mainly because of an increase in mental and minors. at taxes lower, have a look -- the dax is lower. have a look at the industry group, basic resources are benefiting from the weaker dollar, the dollar slumping against a whole array of currencies after the week jobs jobs report.k in the euro, the biggest gain of sincebuys much is 1.8%, december. the biggest gain of the year, still on track for the worst weekly rise and by. 1.8% by up as much as the dollar. this is fascinating. the yield on the u.k. 10 year has fallen to the lowest level on record today, and the yield on the german 10 year has

bloomberg's mark barton standing by in the rainy westminster. scarlet: for many, this was a vote against globalization, by the people who do not benefit from the world's interconnected nets. this is special coverage on bloomberg television and bloomberg radio. ♪ ♪ mark: this is bloomberg special coverage of the brexit vote on bloomberg television and radio. let's go to first word news. after the british voters leave the european union, officials within the block want the u.k. out as soon as possible. the european parliament president martin show says britain should file to leave on tuesday. other top brass are repeatedly pressing the brits to move quickly to avoid a time of uncertainty for the remaining 27 countries. the victorious leave campaigners say there is no rush. thee are reports that brexit campaign leader boris johnson will launch his bid to six need david cameron as conservative leader -- succeed david cameron as conservative leader. he has lawmakers that will buy cam. -- that will back him. hillary clinton will address the 84th annua

mark: i mark barton in london. -- i am mark barton in l ondon. -- trade like stocks attracted $6 billioninflows remain 25th, that is the most since the fund was created 14 top -- o and on pace to coverse, alastair marsh the bond market, joining us now, on why this flood into the fixed space. is -- itight to say it has been an inexorable rise over the last few years, but bailey because of what's happening in the bond market, as you say, the streetlights starks -- the bond market is becoming more and more -- harder and harder to trade, harder to get a hold of the bond that you want mers these trade like stocks are cheaper than buying bonds, so just for ease-of-use and ease of access, they are gaining -- mark: does that mean it has a big role to play, going forward? >> i think it started out as a retail product, but you see more and more big institutional investors putting the money into these funds and the assets that they manage is going up and up, and there are some very big firms putting their weight behind it. betty: is there any chance that this could reverse if for some reason liquid

mark: and i'm mark barton. this is the european close.ola sturgeon is in brussels meeting with very as leaders. scotland voted 62% to 38% to remain. joining us now is bloomberg's ryan chilcote standing by with alyn smith, a member of the european parliament for scotland who earned a standing ovation the other day telling the eu parliament to not let scotland down. he is also a member of the scottish national party, a passionate believer in europe. just as passionate as the leader of the scottish national party who is now in brussels. thank you very much for joining us. i want to start by asking you. nicola sturgeon. what can she realistically expect to achieve other than a photo up? op? >> it's much more than that. scotland has a strong credible confident government. we have a credible leader. we are united. stalin voted to remain in the eu and we are reaching out to our friends and colleagues across the european continent and wider to make sure scotland's voices heard. today is about opening the doors. do youut what authority have to be

francine: mark barton with your asset check. u.k.lor george osborne well-worn that leaving the eu -- will warn that leaving the eu could spark an economic crisis. remain supporters are battling to turn around a referendum six of theich has opinion polls giving a lead to the exit campaign. we welcome matthew good when and graham sharp -- and william hill . graham, let me start out with you because the bookies and polls now have the brexit slightly ahead. graham: bookmakers are asking people how they think things will pan out but i think the two are interrelated. sometimes people are influenced by what the polling says so they are related. francine: how would you explain this game from last week? it looks like a done deal when we were odds of one to seven. now it is right down to eight to 15 so for 15 you can win a profit of eight. it is the closest it has been since we open books. francine: is it safety in numbers? >> the truth as we are not entirely sure what is going on but we know over the last eight opinion polls -- 11 opinion pol

i am vonnie quinn in new york along with mark barton in london.y has a new life -- craft cocktails -- a new bar on the vegas strip is out to add another kind of serious to the city. here is a look at how they are shaking things up. ♪ >> vegas -- it is the heart of the trekking establishment, where the top quattro nightclubs boast over three -- top four nightclubs those over $3 billion in revenue. they are looking to disrupted by serving craft cocktails to the masses. >> we believe good drinks can happen anywhere, even in vegas, even a place that is accustomed to crazy volume, bottle service, and that mixers. have growncktails and sky fall is banking on that phenomenon. devon: i feel we had a path that was clear when we came in, and we are pushing it further. >> sky fall is the latest bar for the guys behind the famous new york city speakeasy death and co. this is the first time the team will take on sin city. devon: we push some of the ingredients on the menu, and much to our delight, people are cool with it. >> bottle service can account to up to

markets pretty flat this morning. .et's head to mark barton mark: the biggest rally since august 2015 the wonderful macro movers function. these are the european equity benchmarks. greece is up 4%. belgium, little change, germany, little change. bonds, the yield on the u.k. two-year is up by a couple of basis points and commodities are down. a very different day then we saw yesterday after a couple of polls show that the outcome of the referendum is still in certain. leaving me to look at the level of sterling against the ftse 100 index, this chart, both of them in recent days to have moved to the downside and then the upside. twocorrelation between the is at levels not seen since 2001. one we would be moving in lockstep and we are at .60. yesterday,se by 3% the most since february 11. the intraday gain was the most since 2011 and it is the best western european benchmark of this year. what a day for the pound yesterday against the pound, rose by 2.4%, the most since december 2008. mr. soros has been smoking -- speaking and he said sterling may slump more than 60% if brexit materializ

mark barton's son, daniel, was gunned down that day in sandy hook, and mark barton gets up every morning. he can't be alone in his house with the rest of his family because that was his special time with his son, daniel, so he needs to leave the house. he needs to go do something else and then he goes on the road and he travels this great country and talks to other americans about how we can and we must stop the epidemic of gun violence. if he can get up every day and do that, we can do our jobs in this house of representatives. it's time for the speaker to call these bills this week and allow us a vote. thank you very much. [applause] >> no bill, no break! no bill, no break! ms. pelosi: congresswoman robin kelly also of illinois. ms. kelly: hi. my name is robin kelly and represent the second district of illinois which is the chicagoland area. you already heard my colleague talk about the carnage we deal with every day, but i ask the question -- just who has to be shot and how many have to die before we do anything? it's not a colleague, gabby gifford. it's not a children in elementary s

let's head to europe with mark barton. mark: shocks -- stocks little changed.s up 1/10 of 1%. let's look at the ftse. it regained all the losses post brexit so i thought when i would show you how they fared this friday. the white line is unchanged but look at it compared to the ftse 200. the best performer since friday, the silver, and gold. domestic stocks are being lower, losing31% one third of its value since thursday. 30 stocks on the ftse 100 are registering double-digit losses since friday. sterling-dollar down friday, down monday, up the rest of the week. still down by 9%. euro area cpi, we have inflation in the eurozone .1%. mark barton manages to fit just about everything into a 62nd hit. immediately following the brexit sees thehael purvis resilience and equity. here to discuss his change of view is michael. michael: it is not necessarily long-term view. i do not think we are out of the way but in the near term, what happens is everyone got caught offside last friday. there has been a lot of very frantic trading and a frantic relief rally since then.

alix: coming up, it is bloomberg markets with mark barton. what do you have on your show? e advised richard fisher when she was upset president of dallas. looking forward to talking about the bank of england. then it is very much the ryan chilcote show. he will be speaking to the russian deputy prime minister followed by an interview with the venezuelan oil minister. let's not forget the country faces an economic crisis brought about by the slump in oil prices. busy couple of hours and yes, england are losing. it's hurting. you so much mark barton. a quick check on markets. the s&p is down .7%. the dow is also off by .7%. the nasdaq off by 36 points. this is bloomberg . ♪ jonathan: this is bloomberg . i'm jonathan ferro. let's get a check of the markets. u.s. equities substantially lower. big losses in europe. the dax lower by 1.44%. central banks doing nothing. the brexit debate continues for another week. that uncertainty in the bank of japan seemingly resilient in the face of a very strong japanese yen. just look at this move on treasuries. the best start to any

let's head to the bloomberg with mark barton for your asset check. i want to show you a lovely chart. excuse me while i click on it. this is the world exchange market capitalization index. this is basically the market capitalization of all the worlds stock markets right now. we're at $64 trillion, roughly flat for the year since february 11. look at that. $56 trillion was the market value then. to $64lion dollars trillion. it shows how far and how fast we've come since february 11. we reached a record high a year ago on june 3 when the market cap of the world stock markets was $73 trillion. ofes you some perspective where we came from a year ago and how far we've come from those lows in february. let's get to today's news, big data out of china, inflation data, deflationary pressures eased further in may. consumer price gains continued to be subdued, offering the central bank some scope to ease further. 8% --r prices fell to fell 2.8%. 2% consumer price index rose from a year earlier, less than the median forecast of 2.2%. this is a very clear chart s

mark: i am mark barton. nng close" on bloomberg markets. ♪ mark: we take you from new york to london. here is what we are watching. sterling takes a leg lower against its peers after a surprising turn on the referendum vote. momentum for brexit is growing, taking a lead in the latest polls. deal,: with a starwood almost one quarter of the world's 3.8 million branded hotel rooms will be under the marriott name. we will check in with arne sorenson. mark: for structuring of the world's largest bank continues. after falling 17% this year, will hsbc stocks recover? vonnie:

mark: i'm mark barton.his is the bloomberg close -- this is the european close on bloomberg television. vonnie: 14 minutes left until the european close. let's check in as we had into that. the 10 year yield dropping a .ood bit now the dollar index, still a little pressure there and the yen continues to strengthen. we had the revision of gdp data in japan. nymex crude oil futures just off its highs of the day. fiat has started a partnership with ridesharing service uber. the venture could be announced by the end of the year. uber is holding similar conversations with other carmakers. our reporter at large joins us from italy. this would not be a particular surprised. he has been dying to do a partnership with anybody from detroit for a long time. guest: yes. it is part of the strategy of the new fiat ceo. first tos one of the sign a deal on a self driving cars and then he wants to make a new partnership with other tech giants. he started discussions with uber but had initial conferences with amazon, so he i

i'm mark barton. in the trading day in europe today. watching the "bloomberg close."inning do take you from new york to london to next time. the here are some of the stories out of europe today. for's the game plan currency traders. >> european union policy makers the brusselg at economic. program gets under way. highlights.you the >> trying to get a foothold in the competitive grocery mark u.k.in the thet's 19 minutes in trading day in the

francine: mark barton with your asset check.t guest is joseph o, managing partner at amber capital. they have an eight u.s. of $1.5 million with the majority of their exposure to the u.s.. thank you so much for joining us . you have a lot of exposure to southern europe. some of the topics you are looking at, you have the .ellenic exchanges, telefonica overall are we behind on the structural reforms, and are you concerned that we go through the turmoil of summer 2015? joseph: i was listening to the gentleman on brexit that was looking at the volatility on the everyone is talking about political turmoil in southern europe. it feels more like the political of as, populism is more problem in the u.k. and u.s. this year, and that is what is driving this volatility. southern europe companies have gone through a lot of pain. obviously those economies have gone through a double-dip recession over the last seven years and we are seeing lots of green shoes. we have seen those economies rebounding. francine: a touch. 25% growth? joseph: sp

let's head to the bloomberg with mark barton. lly these markets are trying to look for direction. mark: little changed for sterling after the gdp report, .4%. the big question is to what extent will the economy slow and the current quarter? the expectations are this year, we will see a recession post-brexit. this is the bloomberg pound index. it is rising for the third consecutive day. it fell 2.9% on monday. in rose tuesday, wednesday and it is up on thursday. the total five-day decline, 9.3% 9.3%. on monday, we were sitting on declines, 11%. the is a chart showing differential between the u.k. ten-year and the u.s. 10 year. wind the most -- it widened the most since 2000. the widest since 2000. u.k. bonds are heading toward a 12% ain't in the first half. double the return of u.s. treasuries. that is on the concern that britain will enter a recession will require -- recession which will require further easing from the ecb. the u.s. ten-year is only 12 basis points from a record low. there has been a lot of talk about the ftse 100

i'm mark barton. this is the european close. edwards spoke to the mayor of london, sadiq khan, let the future of the city in the wake of the brexit folk. mayor khan: i don't want to be an independent print -- city state. look, the british public have chosen for us to use the european union. london has more power over how a .ity is run powers over business and skills. powers over the house and abilities to invest. important wheny our government comes to negotiate with the european union that london has a seat around the negotiating table. i worry is that if the government negotiates without us around the table, it could be a deal that's bad for london and bad for the country. >> what about the ability of financial services to sell products across the eu? how important is that to you? mayor khan: it's crucial. financial services are so important to the country and the economy in london. i've been speaking to chief executives, to the financial sector. they are telling me it's important that number one we have access to the market f

francine: thank you so much, mark barton with your asset check.anks providing the safety blanket. one of europe's biggest gas pipeline operators is here. thank you so much for coming on. there was talk about you de-merging part of the business but at the end of the day, how concerned are you about market volatility? how difficult is it to continue with your plan and there is a little bit of craziness on the market? marco: certainly there is a lot of volatility. we are deem urging the distribution business of italy and the great thing about a.d. merger is you are not pricing it as such. we received great confidence from the banks that are supporting us on the financing side so i think it is a vote of confidence and trust. it is regulated as high quality assets and volatility means there an interest in such predictable returns. francine: we are trying to get a sense of how investors are pricing risk and where they want to flock to. do you believe they can be benefiting from brexit or no? marco: not at all. i think it is early to call with the implic

francine: thank you so much, mark barton. we had two breaking news stories.rts go out to anyone involved in this. according to the turkish main broadcaster a bomb attack against a police headquarters in idyat town. this follows yesterday and attack were seven police were targeted. yesterday the president of turkey was pointing to pkk, the rebels of the one deliberation of north kurdistan. we will keep an eye on this. in the last couple of minutes coming from turkey, a bomb attack against police headquarters. we also had breaking news separate from what we saw in turkey. a corporate story. we understand the ceo will be willing down and suzuki take management steps -- steps against the management at a staff level. improper fuel economy testing. it did hit credibility on suzuki. dealers were saying that it also anda lot of the models vehicles that exceeded the fuel consumption ratings. that hit basically because of the improper fuel economy testing methods they had been using. on the back of that scandal, some of the executives also at honda are stepping down. t