nejra: i want to pick up on the property comments from mark carney.ng about an adverse scenario, not base case but house prices falling 30%. you say this has to do with affordability, but taking brexit and affordability together, what potential do we have for a downward move in house prices in london? aheisha: i think we are seeing house prices fall in london at the moment. according to the latest os inures, 4% year on year greater london. it is a mixed market and most .04% year onagree year is pretty flat. there is a mixed market in london and some have been going through a tough old -- tougher year anyway. now, they are starting to potentially come out the other side, sort of bottoming out. that slowdown we have seen in prime central london is spreading. draw awe will have to line under there and see where the next month take us in supply and prices. from hamptonsdge international and bob parker:, our guest host on the investment committee. bob continues his conversation on radio. nejra take you through the next 30 minutes of daybreak europe. manus:

the bank of england governor mark carney is front and center in the times.d see the worst economic slump since the 1930‘s. some good news for the prime minister. the daily mail reveal the key cabinet brexiteer andrea leadsom says she is backing the prime ministers deal. and the attack on a syrian school boy in huddersfield leads the front of the metro after a video of his bullying by another pupil went viral. isa is a bit ridiculous market today, being clear about scenarios are market today, being clear about scenarios are not market today, being clear about scenarios are not being clear. talking about a worse case scenario coming out without a deal. it is scary stuff, the pound will crash, inflation going up, house prices will fall and we will all be more poon will fall and we will all be more poor. interest rates will soar. what people, including rees mogg ‘s and other brexiteers are saying this is project hysteria, trying to drum up fear and weight to the remain side. the fact is, it he is the bank of england governor and is saying that if we come out wit

matt: is this more of a warning for mark carney to people who may possibly let u.k.ve the eu without a deal? lucy: yes, absolutely. it is interesting because this is a briefing for lawmakers. they asked for this. they said they wanted them to model the scenario so they can see before they vote on the deal. it is very much a warning. anna: lawmakers have a lot to digest because this is the bank of england's wiki work on the theect -- weighty work and treasury also had a report on what could happen. the politics is all over this and mark carney has had some high profile falling out with backbench mps in the conservative party and we have heard from one already be skating. -- scathing. is this likely to change the impact? in "the telegraph," and it said this will not change any opinions. people who thought brexit would be great will still think so. lucy: all along, people have farage,ept her nigel there are a few economists who a large -- argue that but economists have always said this isn't a good idea for the economy. anna: we heard from the treasury yesterday, philip

so you could argue actually mark carney has done a very good job so mark carney has done a very goodue that. and what we are looking for now is any hint for what might happen in the future. absolutely, we certainly all are looking for that. rebecca is back for the news briefing, and that is our top story on the news at, the treasury to publish its economic impact analysis. we will be right across this today as it is released. stay with us on bbc news. still to come: we will have the latest on european championship matches, and the rest of the sports news. president kennedy was shot down and died almost immediately. the murder ofjohn kennedy is a disaster for the whole free world. he caught the imagination of the world. the first of a new generation of leaders. margaret thatcher is resigning as leader of the conservative party and prime minister. before leaving number 10 to see the queen, she told her cabinet, "it's a funny old world." angela merkel is germany's first woman chancellor, easily securing the majority she needed. attempts to fly a hot air balloon had to be abandoned after

you have to feel sorry for mark carney. on thehey have a deal banks having access to the market in europe. alix: we will get a deal, but be in a deal, basically? david: you behave yourself. alix: it makes sense. in the markets, you can look at the clarity when it comes to cable rates. moving higher into that boe meeting this morning. up .8%. we are seeing some profit taking on the dollar. s&p futures up 13 points. mutual funds, pension funds, or they having to rebalance for tax reasons. do we see a steady rise over the next few months? 3.16 on the 10 year. crude off .7%. potentiallyit out, korea and iran will get waivers. david: with some strings attached. it goes into an escrow account. at least that is the report, that maybe it won't be as dismal. alix: and you have an oil price shock. time now for the morning brief. 8:00, the boe rate decision and inflation report followed by mark carney's news conference at 8:30 on bloomberg television. also, last week's jobless claims for the u.s. 9:00 come automobile companies will an

we will be here for mark carney shortly as well.of that is interesting in and of itself. let's talk about the stocks we will be watching. tenaris is trading down quite sharply. unicredit raising money today. the stock rising 2.2% today. we are feeling and affect coming through from the assessment that the government has laid out, vis-a-vis the brexit divorce scenario that we are looking at this point in time -- looking at at this point in time. it could be worse if there is a no deal brexit. a quick look at what the volumes look like. a pickup we have seen with volume coming back to normal. we are a little light. the market getting more neutral as we head into some of the key, risky events over the next few days. vonnie: the dow is a little bit stronger ahead of the g20. up foril industries were an intends week -- intense week. downto 10 spread is back to 22 .5 basis points. -- 22.5 basis points. and then, keeping an eye on the women be -- keeping an eye on the reminbi. in when it's iris, some of the domestic asset classes. japan is

governor mark carney, said it is possible that a cliff—edge brexit could have similarities to the oilcks of the 19705 when prices soared. technology news website wired looks at how thousands of google employees and contractors joined a worldwide walkout to protest google's handling of sexual harassment claims and other workplace issues such as equal pay. are and finally in the independent, the genetic codes of every animal, plant and fungus in the uk will be sequenced in a massive new project scientists say will benefit everything from conservation to medicine. called the darwin tree of life project, the initiative is part of a massive global effort to unravel the dna of all life on earth what a noble mission. with me is henry bonsu, who's a journalist and broadcaster. let's start with a different kind of mission. president donald trump, a man on a mission. an extraordinary thing, some of the comments coming out of the us in the last 2a hours. he faces the possibility that republicans will lose the control of congress on tuesday and a late return to his most enduring strategy of his p

bank of england mark carney appears in the u.k.liament later today with brexit likely to dominate lawmakers questions. nissan and mitsubishi motors shares have fallen after the u.s. is pursuing allegations. leader under the reported income and is set to be removed by the board. it committee will look into the structure of nissan's alliance with renault and mitsubishi. i would have all of the necessary discussions with the people that are in charge and we will make decisions as soon as possible to ensure stability and long-term vision for both renault and nissan. >> confidence among u.s. homebuilders has plummeted are the most since 2014. the national association of home to 60, theopped lowest level since august, 2016. with thehas to do cooling housing market. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. anna: thank you very much. let us turn to our exclusive interview. i spoke with jeremy corbyn about his view regarding the current brexit deal a

the bank of england governor mark carney is front and centre in the times — he said a no—deal brexitter — the daily mail reveal the key cabinet brexiteer andrea leadsom says she is backing the prime ministers deal. and... the attack on a syrian school boy in huddersfield leads the front of the metro after a video of his bullying by another pupil went viral. one story tending to stay prominent. take us to the main headline. well, this is the bank of england morning of the worst economic slump since the second world war. today really has been a day of which forecast is worse? first of all we have the treasury talking about the 15 year period and what would happen to the uk economy in the event of no deal oi’ uk economy in the event of no deal oran uk economy in the event of no deal or an event of theresa may‘s deal. reply 9% worse off than 10% off. then pops mark carney at the end of the day to send you off on your merry way saying well actually in the case of no deal it‘s going to be armageddon and will be house prices crashing and death by 30%. inflation going up and the economy coul

according to mark carney, leaving the eu without a deal would send the pound crashing, and spark a worseession than the financial crisis. the projection is very much a worst case scenario. but it will be seized by the prime minister's supporters. theresa may is struggling to convince mps to back her compromise deal with brussels. our business editor simonjack reports. enter brexit centrestage. a man with a warning. leaving the eu without a deal could trigger an economic crash worse than the one that followed the financial crisis. we've constructed a sort of worst—case no deal, no transition brexit scenario, where you have a series of events including friction at the border, difficulties at ports, sharp falls in financial markets would costs more for people and businesses to borrow, a series of events that all happen at the same time. now, this is not a prediction orforecast, merely a possibility. in the bank's worst—case scenario, gdp is down 8% in one year, house prices down 30%, unemployment almost doubles to 7.5% and prices rise by 6.5%. it's in these marbled halls that bank of englan

what mark carney said yesterday was times have changed.apacity and this supply shock would be real rather than something that would be threatened over the next couple of years. i think he wants to make sure assuming the bank of england would cut rates. suggests theart markets are not at their height until 2019. so much depends on the brexit outcome. -- get a dealid and the deal get through deal andt, or we get a the deal does not get through parliament, in which case we are looking at extreme uncertainty. we don't know what comes next if we do crash out of the eu without a deal. the assumption is there would be a supply-side shock interruption to trade, interruption to supply chain, but there would also be a big demand supply shock. what mark carney was saying is they would have to look at the balance. is the hit to demand going to be greater than the hit to supply? don't assume a rate cut is inevitable. couldthe possibility it move in either direction. what is your base case when it comes to brexit? >> i think we have been through a lot o

here's your first word news. >> the bank of england governor mark carney says the central bank welcomes carney is being questioned about the split today by the u.k. treasury committee. he has often said that a transition is needed for financial stability. carney also said that they need to look at brexit scenarios. airlines around the world will be able to question boeing today about issues with the 737 max jet, the model involved in a crash in indonesia, apparently involving the flight safety system. anding stock was battered, investors are worried the company could be held liable for the crash. and the deadly wildfires in california that cost insurers up to $13 billion. those estimates include damage to property and cars, as well as the cost of business interruption. the fire in northern california accounted for the bulk of the damage, killing at least 79 people and destroying thousand. 16 house democrats have come out against nancy pelosi did to be the next speaker of the house. they say the time has come for new leadership. representative -- so far no challengers have come forward.

where would you think that mark carney would like to have starting? say it, but there must be speculation. charlotte: what i was hearing from strategist today was that carney did exactly the right thing and exactly what he would have wanted to do in spiking that slightly more hawkish tone in order to support that brexit process. bank of england itself will not give us as specific level. i will not attempt to do the same, but i do think that, you know, that hawkish tone is an attempt to keep sterling supported. it is a squeezy market with all kinds of rumors flying. it is a hard judgment to make on what is going on here, and i except you do not want to go near that one. charlotte, thank you very much indeed. charlotte ryan, joining us on the latest out of the u.k.. vonnie? vonnie: let's check in on the first word news with courtney. >> president trump has spoken with chinese president xi jinping. a meeting plan was discussed against the two leers at the upcoming g20 summit. officials and asia say india and south korea have agreed to the u.s. on an outli

economic data and the bank of england's mark carney will be speaking.his is "bloomberg real yield." ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." time for the final spread. coming up over the next week, we might get some drama surrounding brexit. the bank of england's mark carney will be speaking, and we get information on the u.s. housing and durable goods. the european commission publishing its opinions on euros on budgets, including italy, so look out for that. we have the u.s. markets closed on thursday for the thanksgiving holiday. with me for a final discussion is gershon distenfeld, kathleen gaffney and james athey. gershon, on the trade story we have been whipsawed the whole weak, from trade headline to trade headline. if we get a truce at the end of this month, it will help market sentiment. does it address economic issues we see and experience globally right now? gershon: it is impossible to say. we cannot predict what this president is going to do. i am talking about our president in the u.s.. he is more unpredictable than

i love this quote from mark carney.. there is a danger caught in about £50 note. is that by your mum is attracted to them? every now and then, there is a £50 note and nobody knows what to do with it.|j then, there is a £50 note and nobody knows what to do with it. i love how it'5 knows what to do with it. i love how it's a scientist, and mathematician celebrating. ada lovelace and alan turing. franklin never got her nobel prize. you need to vote, then. you've got six weeks. it's been a pleasure. that's it for the papers tonight. don't forget, you can see the front pages of the papers online on the bbc news website. it's all there for you, 7 days a week at bbc.co.uk/papers. and if you miss the programme any evening, you can watch it later on bbc iplayer. thank you, michael and rachel. goodbye. good evening. here's your latest sports news. leicester city's players have said they're adamant they wanted to play their premier league game against cardiff on tomorrow to honour the memory of their club owner and those who died

when the headlines fade, governor mark carney will be in the hot seat. jason: this is part of the special issue on the year ahead, were we focus on the leaders and the most urgent topics in the coming year. carol: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek." join us for bloomberg businessweek every day on the radio at 2 p.m.-5 p.m. wall street time. carol: you can also find us online and on the mobile app. ahead, global growth should be strong in 2019. but it may be imbalanced. jason: rising tariffs in the united states could make for trouble. i caught up with peter for our special year ahead issue. peter: there are so many things to worry about, with the stock ons.et and trade tensi even the public tends to worry, what is going to happen next? if you look at the performance accordingbal economy, to the imf, it's been remarkably steady. we had 3.7 percent growth in 2017 and we will keep the same number in 2018. we will keep the same number in 2019, for good, solid, steady growth. ason: one of the reasons people wor

mark carney says it could trigger a worse recession than after the financial crisis ten years ago.to highlight that these were just scenarios but that they had considered multiple outcomes including that of a no deal. let's hear more of that analysis which he gave at the bank of england this afternoon. taken together the scenarios highlight the impact of brexit will depend on the direction and magnitude and speed of the effect of reduced openness on the eu uk economy. the direction of the effects of the reduction of the openness is clear. lower supply capacity, weaker demand, a lower exchange rate and higher inflation. the magnitude of these economic impacts is modelled using established empirical relationships and is disciplined by the banks sweeter economic to ensure the coherence of plausibility. —— macroeconomics. the speed of adjustment is less clear. given the lack of precedence of reduced openness, particularly amongst the economy. the worst—case scenario assumed that adjustment and the integration happens more rapidly thanit integration happens more rapidly than it has over

the bank of england chief mark carney broadly backed theresa may‘s brexit plan earlier today, so a bit which is interesting. —— easyjet. that‘s all the business news. one of central america‘s most active volcanos has erupted for the fifth time this year. guatemala‘s fuego volcano, which is near the capital, is spewing out ash and lava, forcing the evacaution of thousands living nearby. the latest flare—up is reminiscent of a deadly eruption injune which killed almost 200 people. georgina smyth has more. molten lava against a night sky. this is guatemala‘s volcan de fuego, or volcano of fire. it‘s living up to its name, currently spewing out fast moving flows of ash, lava and gas. by day, a towering column of smoke can be seen, rising more than a kilometre into a grey sky, officials have declared a red alert. nearly a,000 people have been evacuated from a nearby town, which is close to the country‘s capital. half of those taken to safety were living within a ten kilometre radius of the volcano. a local football stadium is serving as a temporary shelterfor residents. translation: it star

do you look at what mark carney says?mark carney has a tough job of trying to navigate this. having to say what things we expect to happen and how to react. the equity market is specifically difficult. ftse 100 companies, it'd percent of their revenue comes from outside the u.k., so a weaker pound is generally better for those companies. so they got come on the equity market is pretty hard to determine -- the outcome on the equity market is pretty hard to determine. outcome, we get uncertainty and then you will see further weakness in the sterling. of course, the opposite could apply. they could go through, and advancing the markets price to that in either. it is a hard thing for us to take a view on as this is a political outcome that i am much are we have any insight on, not sure anyone does? andrew: does this and gender contagion across other markets in this crash is ours, or is it self-contained? andrew: i think it is self-contained. a pretty idiosyncratic situation to the u.k.. what does it mean for trading relations

alix: mark carney in the hot seat. , but mark carney have to face brexit uncertainty.bruary. earnings on deck. global markets pommel credit dragged down by a weaker activity and challenging conditions. david: welcome to "bloomberg daybreak." you have to feel sorry for mark carney. on thehey have a deal banks having access to the market in europe. alix: we will get a deal, but be in a deal, basically? david: you behave yourself. alix: it makes sense. in the markets, you can look at the clarity when it comes to

governor mark carney says the boe is prepared for the worst possible brexit. and that the u.k. faces the steepest economic slump since world war ii if it crashes out of the european union without a deal. u.k. government and central-bank have warned that the economy could be 11% smaller under brexit compared with remaining in the eu. under the banks projections, the decline would be much more rapid, with gdp shrinking up to 8% in a year and property prices plunging a third under a worst case scenario. bank gettingr, the ready for brexit is not enough to guarantee a particular economic outcome. there is little monetary policy can do to potential heads to productivity and supply that brexit could entail. >> meanwhile, the bank of england says it is confident about the strength of the banks it regulates. the u.k.'s seven largest lenders all part of the latest stress test showing their strong enough to continue lending even during a no deal brexit. of the banks to exit, barclays and lloyds would be more vulnerable in a scenario of extreme disruption. two european economies unexpecte

mark carney says it will help smooth the country's departure from the bloc but as the future of the deal is still uncertain young experts are assessing how the looming brecht's it will impact. coventry in the heart of england home to students and researchers from across the european union many of them originally came to the u.k. through the e.u. a rasmussen program but with briggs that looming exchange programs like these could be a thing of the past for british students the country's future outside the e.u. has also been the subject of heated debate here in berlin where many young brits had their first taste of studying abroad. i figure u.k. or at least. employers in the u.k. want to employ more local people now or at least see it as something that's going to be easier and more practical for them as i think that is something that could definitely affect foreigners brits living in the e.u. are concerned about how freely they'll be able to move once britain leaves the european union. also just in terms of the friction of like moving from one place to another you know i don't know now but

that is the governor of the bank of england, mark carney, with his brexit assessment, the one that hes. as he was explaining, scenarios, not forecasts for what could happen in various different brexit settings. lots to chew over, we had a government assessments earlier today, i'm we had a government assessments earliertoday, i'mjoined by we had a government assessments earlier today, i'm joined by our economics correspondent andrew walker to pick his way through all of this. let's concentrate on what the banks say first. this is a report with a lot of things in it but we have selected one or two to give some sort of labour. first of all, let's look at the scenario that the bank describes as an economic partnership, various degrees of close as one might have in terms of keeping the barriers to trade load and this is the range that the bank has coming before the possible impact on the british economy, compared with where it would be, in 2024, compared with where it would be, in 202a, if compared with where it would be, in 2024, if it stayed on the part that was on before the referendum

bank governor mark carney, what kind of predicaments he find himself in?ina: there is no playbook for the situation that the bank of england faces next year. we saw a bit of a preview after the referendum, the international reaction. there was a drop in the pound. a small market panic initially. so if there is not a deal that specifies some sort of transition, i think, by the time the march 2019 deadline rolls around, i think that the bank of england will be a sort of first responder in any crisis that happens then. so it will have to -- carol: so the economy starts to wobble in the u.k., he made have to cut rates or something? cristina: it will be difficult, because he will need to raise rates if -- he will raise rates if he needs to shore up the pound. he will have to take different tools to stimulate the economy. while, at the same time, shoring up the pound. it is going to be a difficult test. on the other hand, if there is a deal and things go smoothly, then he may have to raise rates, because the economy may need to be -- inflation pressures may need

rates in a no—deal brexit despite the risk of harming growth in an economic emergency. 6overnor mark carney to the oil shocks of the 19705 when prices soared. technology news website wired looks at how thousands of 6oogle employees and contractors joined a worldwide walkout to protest 6oogle's handling of sexual harassment claims and other workplace issues such as equal pay. are and finally in the independent, the genetic codes of every animal, plant and fungus in the uk will be sequenced in a massive new project scientists say will benefit everything from conservation to medicine. called the darwin tree of life project, the initiative is part of a massive global effort to unravel the dna of all life on earth

bank of england governor mark carney gave his backing on tuesday terry bradshaw the deal struck by british prime minister theresa may and european union officials it would help smooth the country's departure from the block mr carney said lawmakers in the. heads over prime minister may's draft agreement with or without of the old the date of separation is drawing closer and. how that will impact the. coventry in the heart of england home to students and researchers from across the european union many of them originally came to the u.k. through the e.u. a rasmussen program but with briggs it looming exchange programs like these could be a thing of the past for british students the country's future outside the e.u. has also been the subject of heated debate here in berlin where many young brits had their first taste of studying abroad. i think the u.k. or at least. employees in the u.k. want to employ more local people now or at least see it as something that's going to be easier and more practical for them so i think that is something about that could definitely affect foreigners brits livin

abouthe headlines say mark carney will be in the hot seat to repair the economic damage. jason: that is part of this special bloomberg businessweek, a year ahead, which leads to the conference we will be at a new york on november 28, all day on bloomberg television and radio. carol: this is bloomberg businessweek. ♪ welcome back to bloomberg businessweek. i am carol massar. jason: i am jason kelly. join us for bloomberg businessweek everyday on the radio from 2:00 to 5:00 p.m. wall street time and you can catch up on our daily show by listening to our podcast that itunes, soundcloud, and bloomberg.com. carol: you can also find us online at businessweek.com endemol up. india -- and our mobile app. growth may be a bit more imbalanced. jason: and rising interest rates and tariffs in the u.s. could make for trouble. i caught up with peter coy in d.c. cassette the economic stage with his intro to this week's special year ahead issue. >> we tend to focus on the negative. there are so many things that are to worry about, the crazy stock market, trade tensions, so on, so we, jour

spread.the final the week ahead featuring qs economic data and the bank of england's mark carney wille speaking. this is "bloomberg real yield." ♪ jonathan: i and jonathan ferro. it is time for the final spread. coming up over the next week, we might get exit. -- brexit. we get information on the u.s. housing and durable goods. opinions on the eurozone budgets, including italy. we have the u.s. markets closed on thursday for the thin-skinned holiday. -- thanksgiving holiday. joining me is gershon distenfeld , kathleen gaffney and james athey. story weon the trade have been whipsawed the whole week. if we get a truce, it will help market sentiment. does it address economic issues we see and experience globally right now? gershon: it is impossible to say. we can't predict with this president is going to do. he is more unpredictable than most. we will continue to be volatile. what's important to remember and part of the reason the u.s. economies outperforming the global economy is the u.s. remains relatively closed marketted. kathleen: i think that there will be a truce. i think there ha

governor mark carney says the bank has plans for all partial -- possible scenarios, but warns the u.kc slump since at least world war ii. >> evidence from surveys and other u.k. authorities suggests that the country is not yet fully prepared for a cliff-edge brexit. thanys suggest that less half of businesses have initiated contingency plans for no deal and less than 1/5 of small businesses have done so. >> the dollar tumbled after fed chairman jay powell said interest rates are just below the so-called neutral range, leaving traders to ratchet back expectations for the number of hikes next year. between december 2018 and a sever 2019, euro-dollar -- and december 2019, the euro-dollar fell. lownterest rates are still by historical standards, and they remain just below the range of estimates for that level that would be neutral for the economy. that is neither speeding up, nor slowing down growth. >> president xi jinping says the global economy is at a crossroads as he prepares to meet his american counterpart this weekend. speaking in madrid, he said the world must decide whether to c

john williams and mark carney will be speaking and we get danger on the u.s.n the european commission publishing its opinions on budgets including italy. look out for that and we have u.s. markets quote on thursday due to the thanks giving holiday. with me for a final discussion, kathleen and james. gershon, i want to come to you. headlights to trade headline, if we get a truth at the end of this month, will have market sentiment. does it address the economic issues we see and experience globally right now? >> i think it's impossible to say. we can't predict what this president is going to do. i think we will continue to be volatile based on that. what important to remember, and part of the reason the u.s. economy is outperforming the global economy, is that the u.s. remains a relatively close market. our imports and exports, about 25%. much, much higher than many countries in europe or emerging markets in china. >> i think that is going to be a truth. becausethere has to be, everyone has to bank much to lose if the economy slows down. that, in my mind, is a g

the governor of the bank, mark carney, says it could trigger a worse recession than after the financialarios, and said that they had considered multiple outcomes including that of a no deal. let's hear more of that analysis which he gave at the bank of england this afternoon. taken together the scenarios is highlighted the impact of brexit will depend on the direction, magnitude and speed of the effect of reduced openness on the uk economy. the direction of the affects of the reduction in openness is clear. 0versupply capacity, weaker demand, lower exchange rate and higher inflation. the magnitude of these economic impacts is modelled using established empirical relationships and it is disciplined by the speed of macroeconomic models to ensure their coherence and plausibility. but speed of adjustment it's less clear. given her like your presidents amongst advanced economies. we assume adjustment to integration have a poor record lead that has the past decades. this assumption is grounded by crosschecks including econometric models and case studies and intelligence from the agents across

mark carney holding a press conference afterwards.on you more coverage later today. donald trump has told the washington post he is not even a little bit happy with his choice to head the u.s. central bank. the u.s. president complained at length about jay powell, blaming the fed policies for recent stock market declines and for g.m.'s announcement that it would close five factories in north america. donald trump and china's xi jinping are to meet over dinner ires.e g20 in buenos a larry kudlow says trump is hopeful for a breakthrough but is ready to impose more tariffs if the upcoming talks do not yield progress. the meeting marks a pivotal moment in escalating trade wars between the world's two largest economies. brent crude rose on hopes of a trade breakthrough at the g20 &'s u.s. demand for fuel remains robust. ubs agrees oil will continue to rise saying $70 or $80 as possible. goldman sachs echoing the view that crude will bounce back. in the u.s.it is interest to see oil prices higher. war, u.s.-china relations, and a potential

this is the bank's governor, mark carney.ogether the scenarios highlight that the impact of brexit will depend on the direction, magnitude and speed of the effect of reduced openness on the uk economy. the direction of the effects of a reduction in openness is clear. 0versupply capacity, weaker demand, lower exchange rate and higher inflation. in one worst case scenario, the bank says the uk's gdp would fall 8% in the months after brexit in march 2019 — compared to trends before the brexit referendum. the pound would fall as much as 25%, unemployment would rise and house prices would fall by around 30%. there's scepticism though. first this is the former brexit secretary david davis. in a desperate attempt to reverse the result of the referendum, we are undoubtedly going to hear the most hair—raising stories and improbable forecasts. the treasury‘s forecasts in the past have almost never been right and half more often been dramatically wrong. andrew sentance used to work at the bank. ‘does anyone really believe any of this as

this is not just a high level sign a russian meeting in shanghai tomorrow bank of england governor mark carney will be with chinese premier they could chang in beijing that's carney who last month sounded like he was coming round to norms of debate in red and tiananmen square as is there a correlation between management and informs that think about structural issues like climate like the impact of artificial intelligence like demographics. it's emergence of china that is the. long term also there will be i.m.f. empty christine legarde convicted of negligence in a paris court and here arguably taking china's side on the trumped trade war escalation of clarence page tensions could reduce global g.d.p. . percent over the next two years to bretton woods good call up to the i.m.f. about gaap jim yong kim of the world bank will also be in beijing here he is arguably sounding like a member of the chinese communist party they lifted five hundred million people out of poverty over the last thirty years unprecedented in world history and they know that huge portion of that was just because of their grow

up a little this morning after the comments by mark carney that he is backing theresa may‘s brexit deal just better, but possibly longer. macmillan cancer care says, contrary to traditional doctors‘ advice, rest is not always best. jayne mccubbin went to see gemma ellis, a mum with secondary cancer who is gearing up to run herfirst 5k. gemma was diagnosed and treated for cancer in her early 30s. at that point, i believed that i was clear. but — there was always a but — there was a shadow on my spine. the cancer had spread. aged 37, with two young girls, she was told it was treatable but not curable. it was there and i knew i‘ve got it, i‘ve got to live with it. that was the moment gemma knew she would make a change. and left leg... are you out of your comfort zone right now? very much so, thank you. yeah. totally. but you look like a ninja! yeah, that‘s me! with stage two cancer and two new training buddies, she‘s gearing up for her first ever 5k parkrun in 12 weeks. ijust keep thinking, right, well, you know, if the treatment lasts that long, and then i‘ve got another line of treatment

. ♪ caroline: bank of england governor mark carney gave his the dealeople to agreed by prime minister european union. >> we have emphasized that from the start the importance of having some transition between the current arrangements and the ultimate arrangement. so we welcome the transition arrangements in the withdrawal agreement. and i would say we also take note of the possibility of extending that transition e period. caroline: we are hearing from mark carney that he likes the , but many period lawmakers don't like the deal as it stands. maria, how likely is it that theresa may can get a better deal for the u.k.? maria: for days now, we've been hearing brexiteers who still think with just five days ago, theresa may can get a better new and improved deal. isthe prime minister spinning it that way. she says when you look at brexit you need to consider two things, one is the withdrawal agreement, which is something that hasn't gone down what we need to look at the future relationships and often be better for the u.k. we're getting a better deal and it will matter. from the european

there's not just a high level sign a russian meeting in shanghai tomorrow bank of england governor mark carney will be with chinese premier league pitching in beijing that's carney who last month sounded like he was coming round to norms of debate in red and tiananmen square as is there a correlation between managements and firms that think about structural issues like climate like the impact of artificial intelligence like demographics like emergence of china is there a correlation between that and a long term also there will be i.m.f. empty christine legarde convicted of negligence in a paris court and here arguably taking china's side on the trumped trade war it's going to have current tensions could produce good. man percent over the next two years than the bretton woods good call up to the i.m.f. so bad cop jim yong kim of the world bank will also be in beijing here he is arguably sounding like a member of the chinese communist party they lifted five hundred million people out of poverty over the last thirty years unprecedented in world history and they know that huge portion of that was

the governor of the bank of england, mark carney, said brexit uncertainty was preventing some firms fromestment if the uk manages a smooth exit from the european union. the bank's latest forecasts suggest that rates could rise to 1.5% over the next three years. our correspondent andy verity is here. so, andy, there's an upbeat message here but also a warning? the upbeat message is as you said, although businesses are not investing right now it's because they are holding back amid uncertainty that if theresa may get a deal, then that money will probably be spent and the economy is currently running at full capacity so currently running at full capacity so if you hit the accelerator any more, if there is excess spending you get inflation so then they have to raise interest rates. historically it is still quite low but twice what the official bank rate is at the moment but it all depends on the deal being struck, and if one isn't struck they are warning there could be a shift so if we are not importing from the eu or exporting as much, companies here may shift their production to other grou

at the moment the bank of england you know let's see where the pressure will come from the ever mark carney the chief of the bank of england today what will the short term consequences consequences be if if that pressure comes if the buick takes a negative view on the brakes it situation no matter how hard or soft. well that's interesting aspect on the one hand i mean it's cheap talk there has been a stress test of the e.c.b. a few weeks ago where the british banks passed nicely and everybody knows it's not so bad but the bank of england wouldn't be credible if it would allow after such a negative verdict that british banks pay high dividends or have big. purchase programs where they give money back to their shareholders so they couldn't allow that and that's bad for the shareholders of elders are very nervous in this respect and that's why british shares bank shares will react very much to that. so what will be in store for british banks then is if this deal goes through parliament's mostly. still not positive i mean there's still a break between the european market and united kingdom we l