mark carney's final press conference. would like to point out, we almost made a bet whether they will cut or not. i will not take a split. this is what the market is pricing in. this is an extraordinary chart. 8% cut in december. then soars to 70%. then it is 50-50. is it the carney speech? is it the data? it is his last. >> there is an element of is carney doing to do a draghi and leave with a cut or a meaningful end. what the market is looking at is the data. the u.k. data has been slowing, particularly on the inflation side. we are seeing inflation falling quite sharply in recent times. now obviously we are at 50-50 as far as today's meeting is concerned. if they don't go now, they should go based on data alone. if they don't go now, the market is going to continue pricing in the chance of a cut in the spring. which is what we have at the moment. as far as u.k. assets are concerned, we haven't really recovered all of the brexit premium that was built into u.k. assets. there is room to go there. francine: there is talk

bank of england governor mark carney has his final meeting of the boe.s and traders are split over if they will get the first cut since 2016. traders see about a 45% chance of a cut later. it is the most divided they have ever been this close to a decision under carney. goldman sachs, hsbc, and morgan stanley are among the banks calling for no change while deutsche bank, barclays, and not west are among those predicting a cut. nejra: a wild ride and those money markets, as you were pointing to. at one point, we got to 70% following inflation and retail sales data, but then the soft data we have had since then -- the surveys, the pmi, cbi manufacturing expectations and optimism, and then a survey from lloyd's yesterday pulling back those bets, and now, as you say, we are pretty much at a coin toss in the markets as to if we get a rate cut. if we do get that rate cut, it would be the first since 2016. economists expecting a 6-3 vote, but the question is -- how much does the bank of england focus on survey data? do get a hold today, how dovish will be bank

mark carney did get his first extension on the job it was about a year later, they increased those cutssted a limited and gradual rate hike path in the future in reality, they only hiked once more in august 2018 back to 75 basis points since then, rates have been on hold the economy has been running out of momentum. we are heading into tomorrow, the market is unsure whether they keep rates on hold or cut again. it is his very last press conference he will go on and wear another hat, that is at the un and have a role in climate change going forward. there are questions about whether they may or may not do tomorrow >> if you are a fan, don't worry, there is no action before then the fed chair jerome powell will be speaking. no change is expected. this is a good moment to bring in our guest, chief economists let me ask you, steve, when would be a good moment for them to cut rates in the u.s. and why? >> i don't think they are going to cut rates in the u.s. this year if they do, it is because the u.s. economy is slipping into recession. they made it clear, they are not going to cut rates un

i am also looking at pound after the mark carney comments.points to go when it comes to monetary policy. tom: when do we get governor bailey echo francine: march 16. mark carney was set to step down, but they extended his contract for about six weeks. the what is so important is melt up continues, remarkable to see where we are versus even three trading sessions ago. francine: first emma let's get to bloomberg first word news in new york city. thatna: the boeing 737 crashed in iran tried to turn back before plunging to the according to iranian regulators are the ukraine international airline said it disappeared from radar at 8000 feet. the witnesses saw it on fire in the air. all 176 people on board were killed. will has now confirmed it find the first deep phase of a trade deal next week. -- the top trade negotiator during the tariff conflict, the u.s. has agreed to suspend plans for a new tariff on chinese imports and it is also reducing existing levees. prince harry and his wife, meghan markle, may become stars on the public speaking circu

alix: that was bank of england governor mark carney.an continue following his news conference by typing in . ♪ alix: welcome to "bloomberg daybreak" on this thursday, january 30. here's everything you need to know at this hour. >> we are sending our best experts from cdc to help them. the chinese invited us to do so. alix: a task force coordinates the u.s. response to coronavirus as the outbreak spreads to india. the virus is also impacting businesses. >> we had a big food-service business, and in hesitate that that will be impacted because people are eating out in restaurants much less. more storescloses and tesla is expected to delay in the ramp-up of model threes. gov. carney:gov. carney: there are some signs that growth may be stabilizing after declining in 2019. nonetheless, uncertainties about the outlook remain, including those posed by the coronavirus. alix: the fed changes three words in its statement while setting the floor for reserves. we will produce approximately 1000 times more cars in 2020 then we did in 2010. added

coming up, mark carney will meeting.er we will bring you live coverage of the rate decision at 12:00 p.m. london time and his final news conference at 12:30 right here on bloomberg tv, and we will discuss it next. lust, what is keeping traders up at night? is keeping traders up at night? what do you need to know? we will discuss right here on bloomberg. ♪ this is bloomberg daybreak: europe. i'm nejra che pitch in london. manus: here is what you need to know for the day ahead. covers 650 professional traders. this is what keeps them up. >> we have in the markets trade concerns, central banks and beyond, but above all else, traders say the number one fear is the lack of liquidity and this is at least the second year in a row it has been the number one source of anxiety in the jp morgan survey. the questionnaire was conducted before the middle east tensions between the u.s. and iran flared up and before the latest coronavirus outbreak, so those are noticeably absent from the list. still, liquidity worries earned nearly twic

bank of england governor mark carney says it has become impossible to overstate the impact of climatepretty clear that if it is not the biggest problem, it is in the top three. viviana: and hong kong's leader is under pressure to resign, but carrie lam tells bloomberg she won't run away from a city in crisis. carrie: i will do my utmost to stay in this position, to help arrest the current situation. viviana: this is bloomberg. ♪ ♪ viviana: you are watching "bloomberg best." i'm viviana hurtado. this week marked the launch of bloomberg green. this new initiative aims to become an indispensable guide to understanding the scale and impact of climate change. it features news and analysis with an emphasis on helping find solutions. we are using clear data and rigorous reporting across all of bloomberg's platforms. this year, for the first time, the top five concerns at the world economic forum were all related to the environment. the conference theme, stakeholders for a cohesive and sustainable world. in an onstage conversation for bloomberg's francine lacqua, bank of england chair mark ca

david goodman from london on mark carney's finale as the bank of england governor. yvonne, thank you for your reporting from hong kong. bring us up-to-date on where we are right now in china with the coronavirus. meeting in the emergency committee on whether to declare this coronavirus and international health emergency. what is different this time from a week ago when they refrain from declaring this and international emergency is the concern of transmission without symptoms. you see more evidence the disease could be transmitted to people before they show signs of illness. we have learned that from one case with a 10-year-old boy diagnosed with the coronavirus and display no symptoms. this makes controlling the disease that much more difficult as the numbers continue to ramp up. more than 8000 cases in the death toll rising to 170, all of which have occurred in china. we have learned that countries like india and the philippines reporting their first case is now, and a cruise ship in italy under lockdown with 7000 people on board after one passenger display some s

yes, there will be greta thunberg, but there will also be mark carney, one of the most important bankersr head of the bank of england, and there will be larry think who speaks for blackrock. the biggest investment fund in the world. and they are leading the way, saying it is a money problem. so there is a stanford university study which will be presented in davos which has put a price tag, so the world needs to find $73 trillions to change the way we run energy, to transition to carbon zero economy we need $73 trillion. where will it come from? did stamford come up with the answer? no, but the eu which is one of the richest blocs in the world has taken this direction very clearly, there will also be the new commission president in davos with the new green deal which has put the money on the table. and basically this plan is very detailed, the green deal from the eu, it has been analysed last week in the european parliament, and it is real. it is basically putting a lot of money, 100 billion euros for the time being, which is going to go where it hurts, so how do we close down the carbon

let's go to mark carney who is speaking. the uk's historic withdrawal from the european union tomorrow evening. 0n the economic front, the bar is more modest. at its december meeting, it had projected that uk growth would pick up from below potential rates, supported by reduction of domestic uncertainties and a modest recovery in global growth. 0n uncertainties and a modest recovery in global growth. on balance, early indications are that both conditions underpinning the project uk recovery are on track. the most recent signs are on track. the most recent signs are that global growth has stabilised, reflecting the partial easing of trade tensions and the impact ofa easing of trade tensions and the impact of a significant loosening of monetary policy by central banks of the last year. the global manufacturing pmi has returned to expansionary territory, helping push the composite pmi expansionary territory, helping push the composite pm! to a six—month high in december. the hard data seem to be following suit but global produc

mark carney definitely picked that up yesterday.o act decisively if the data continue to stay weak. as a result, the pricing of bank cuts this rate year, now 50-50 for a cut as early as may this year. the interesting thing, carney was speaking at an inflation-themed conference and didn't have to say anything specifically about the u.k. economy, but he did. he's done this before, trying to get messaging to investors about what the bank of england will do at its next meeting. they may not cut rates the next time, but they are leaning in that direction. we have the bank of england speaking today. matt: how does this affect the pound? richard: i think that if we get in earlier than expected bank of pound, rate cut, the cable could get down to the 1.28 level we saw in november, perhaps even more if the rhetoric is more dovish. did catch people yesterday, and it is the beginning of messaging that the bank of england will act decisively to deal with the weaker data we talked about. matt: richard jones is pumped about this. i can tell this

the first press conference of 2020 will be mark carney's last press conference as governor my colleague joumanna there now live outside of the bank of england. how divided is the market and how much has that changed in the last you few weeks is. >> great question. the market is pretty much 50/50 about the rate cuts happening today. some of those expectations have been dialled back. but the market really doesn't have a solid idea of what they will do today. let me take you back to november we had two members of the committee vote for a rate cut since then, other members have sounded dovish and thrown their hat into the ring and said if the situation doesn't improve, they could warrant an interest rate cut and even the governor has sounded more dovish as of late adding up to four or five members voting for a cut, then we will get a cut today. you can see since the general election, we have seen an up tick consumer businesses has seen the biggest improvement since 1958 there is momentum building you can expect members to watch that and say, it are may be a bit premature to consider the cut

manus: that was mark carney, the bank of england governor, talking about the theme in davos for this lines coming through across the bloomberg at the moment. u.s. setting the rules and bandwidth on the impeachment. today, lots -- let's ask the devils mliv question. how much will he is be drive investors in 2020? join the debate on your terminal. that is for bloomberg users only. mliv has their question of the day. how much will yes g drive investors in 2020? tune into the devils coverage. not much has changed. a lot of talk, not much has changed in regard to omissions. let's get more on the stories making the agenda. live fromstick is davos. good to see you. truck -- what has been the reaction? >> when trump had spoken yesterday, there was pushed back almost immediately from oxfam, a charity that focuses on inequality. another from greenpeace. green peas has said that if you are focused on jobs, there can jobsbs created -- can't be created unless there's a healthy environment to have them in. listen, trumpwas, is so focused on the u.s. energy and oil market, how does that pair with s

had to become more green and consider that in its forecasts mark carney the outgoing back of england governor taking on a climate advocate role at the un that in the statement itself a high public official like this in such a visible role advocating for climate at the united nations what about if i could thank you so much and catch up with you later again. yes. gratian media calls it knows to defeat the most difficult test of the country's maturity sense and dependence croatia the youngest member of the european union has just assumed to the 6 month rotating presidency of the council has yet to adopt to the euro it will tell the country's tourism and business but not everyone sings croatia's economy is ready to join the common currency. for the croatians the treasured national currency is more than just a means of payment it's a symbol of their national independence croatian see the stable and reliable even though it's an e.u. member croatia has been reluctant to join the european common currency the euro. the euro is better for us but we love our kuna that's our national currency. m

pakistan but this is not the order of leadership is not being determined by that what prime minister mark carney saying or some of the kind of hard from a number of politicians in pakistan or all of last year in which the art of science is always brought up and it's always mentioned why do you think that keeps happening. because i think it's not where it's a good excuse for august son to not look at the real reasons for the for the state of the relationship between india and pakistan because obviously the india by this than dollars did not and i in the last few years since the bee to begin to power. a spin in a in about shape or right away and saw those that i think i think might have lots of disagreements with the busy bee and without us and so on i don't think it is right to blame them alone for the state of the relationship if you were to call that. prime minister morley did make an improv do with that event to love or to visit with the previous prime minister as a bit of as a gesture of goodwill there saw i don't think that there are. they're not like us that have visited events with a video

if i take the words of mark carney, the governor of the bank of england, companies that fail to adjustransition and this changing world, they will fail to exist. so she seems optimistic, and in addition to investors, of course, there is some pressure from consumers as well. so microsoft sending this message that they are going to achieve this very ambitious target will definitely be sending the right kind of message among businesses. really interesting, thanks very much. let's go to china now, where official figures out in the last few hours confirm the economy is at its weakest since modern records began. growth in the last three months of 2019 was 6%, unchanged on the previous quarter. that puts annual growth for the year at 6.1%, the slowest year since 1990. let's get more on this story from our correspondent in beijing, stephen mcdonell. stephen, the stock markets, though, in asia have responded quite positively. i suppose it could have been a lot worse. yes, well, i mean, there's no doubt that this headline is going to... this headline figure is going to... this headline figure is

commission president has a lot fund a line and mark carney the outgoing bank of england governor is going to take on a role taking over a special envoy to the united nations for climate action and finance a very high profile position change there and investors in monaco are already flocking to green finance the demand in many cases outpaces the offerings out there so investors are eager to get on board for this in many cases at least but only lesson from fits thank you as always for the update. so the topic of climate change other than this necessary shift from fossil fuels to clean energy has reached the financial world and one of the main proponents for a green economy is economists the theorist jeremy rifkin hearing is a washington correspondent all of us ali caught up with him to hear more about his use i think what people don't understand is entire civilizations made out of fossil fuels are fertilizers and pesticides are construction materials are synthetic fiber are packaging. food additives and preservatives our power our transport our eat our light everything so what's happened no

what prime minister mark carney saying is some of the fear of hard from a number of politicians in pakistan or all of last year in which the art of science is always brought up and it's always mentioned why do you think that keeps happening. because i think it works a good excuse for a son to not look at the real reasons for the for the state of the relationship between india and pakistan because obviously the india parks and gardens did not and i in the last few years since the bee to begin to are. it's been you know in about shape for quite a while and saw those that i think i think might have lots of disagreements with the busy bee and without us us and so on i don't think it is right to blame them at all on or the state of the relationship if you recall that. prime minister morley did make an impromptu with that event to lahore to visit with the previous prime minister as a bit of as a gesture of goodwill there so i don't think that there are. there are like if that happens i commence with a video analysis on these issues on it already is issues but this is not one of the issues on whic

one as soon as this month potentially and we had mark carney himself saying they have the space to cutd to and he hears that argument. this morning, we heard gdp data which was unexpectedly worse than any of us expected. it was a contraction in november. there will be a lot to look at before we get to the january 30 meeting. >> u.k. inflation data slowed to a three-year low in december, clearing the path for a potential bank of england interest rate cut at the end of the month. >> inflation came at 1.3%, well below analyst forecasts of 1.5% and below the boe's 2% target. today, we heard from michael saunders, the leader in charge for lowering and he says the bank needs aggressive stimulus to take the cut have the risk inconsistently low-inflation. >> in the last few minutes, gdp data from germany confirmed the extent of 2019's slowdown. gdp grew at 0.6% last year, the weakest in six years. despite the sluggish data, the governor says the risk can almost be ruled out. >> there is no doubt that the german economy had a horrific year last year. it is heavily dependent on exports, especial

mark carney's last meeting at the end of this month, it had been considered previously a pretty deadeeting, but now we have various policy makers coming out. we already had two of the nine voting for rate cuts. now we've had two more saying if the data doesn't improve, they will vote for a rate cut. one as soon as this month potentially and we had mark carney himself saying they have the space to cut if they need to and he hears that argument. gdp dataing, we heard that was unexpectedly worse than any of us expected. it was a contraction in november. there will be a lot to look at before we get to the january 30 meeting. >> data slowed to a three-year low in december, clearing the path for a potential bank of england interest rate cut at the end of the month. 1.3nflation came in at percent, well below analyst forecasts of 1.5% and below the boe's 2% target. today we heard from michael saunders, the leader in charge for lowering and he says there needs aggressive stimulus to take the cut have the risk inconsistently low-inflation. last be minutes, gdp data from germany confirmed the e

david goodman from london on mark carney's finale as the bank of england governor.ou for your reporting from hong kong. bring us up-to-date on where we are right now in china with the coronavirus. meeting in the emergency committee on whether to declare this coronavirus and international health emergency. what is different this time from a week ago when they refrain from declaring this and international emergency is the concern of transmission without symptoms. you see more evidence the disease could be transmitted to people before they show signs of illness. we have learned that from one case with a 10-year-old boy diagnosed with the coronavirus and display no symptoms.

the writing is on the wall for big business and if i take the words of mark carney, the governor of thecompanies that fail to adjust to this transition and this changing world will fail to exist. let's move on to china, where beijing is reporting its growth figures injust beijing is reporting its growth figures in just under half—an—hour from now and we are watching that very closely for signs ofjust how damaging the trade war with the us has been. china's slowdown, of course, affects the rest of asia, which has strong trade and manufacturing ties. rebecca santa maria is the head of apec and she says the deal is complex but welcome. what's important in this agreement are the rules that they have specified. if you go through the details, in every aspect of that, whether it is ip or pharmaceuticals, whether it is ip or pharmaceuticals, whether it is ip or pharmaceuticals, whether it was financial services, and agriculture as well, there were clear references to the multilateral trading system, the wto rules, and that's important. affirmation of those rules reassures all of us. there was a

financial times' front page features an interview with the outgoing governor of the bank of england, mark carneyfire power to combat future slow downs. the telegraph turns to brexit, as it reveals the eu's chief negotiator has warned boris johnson not to water down protections for its citizens living in the uk after brexit. the independent focusses of the continuing fallout following the assasination of iran's most senior general qasem soleimani as an ex—sas chief warns his killing risks a new war. the guardian too looks at the escalation of the situation in iran, saying british warships, helicopters and several hundred military personnel have been put on standby for deployment in or near iraq. while the metro looks at accusations that borisjohnson has been hiding and avoiding questions on the iran crisis. and the daily mail looks at the football association selling its rights to fa cup matches to the betting firm, bet365. soa so a range of stories on the front page, i guess, a mixed bag. let's start with the guardian, because the us- start with the guardian, because the us— iran situation does

mark carney says there needs to be a climate transition program.nk is talking about how investors and companies have not decided how much they are willing to give up on any transition in terms of growth aspirations. risk istransition becoming more important. this is an ongoing theme. itwill continue to cover from davos where it is getting a lot of attention. let's get to markets on the move, we have seen a lot of reporting in the italian media whether we will get the five-star leader. they face regional elections sunday, and the fragile coalition does increase the chances of a snap election, and the markets are speculating it does. we see a slight push up in italian yields. the open is next. we will look at stocks to watch. this is bloomberg. ♪ anna: welcome back to "bloomberg markets: european open." seven minutes until the start of cash equity trading, and it could be positive as we bounce back from losses at this time yesterday. that's get the business flash. >> netflix posted results with overseas growth offsetting a slowdown at home, but the c

jessica: the bank of england stood in what was mark carney's final meeting in governor. officials voted in favor of keeping the key rate at three quarters of 1% but signaled that easing may be needed, cutting gdp forecasting and predicting inflation will only return to target by the end of next year. that prompted investors to predict a rate cut later this year. >> prospect farther out, which is the way we asked -- described it. that is how it all ties together. jessica: hong kong exports rose in december, snapping a 13 month streak of declines, the longest since 2016. it expanded $45 billion u.s., up from a year ago and beating economist forecast. imports fell just under 2%, widening the trade deficit to $4 billion u.s.. kongs the year, hong exports other biggest decline since 2009. u.s. air force's latest warplane is struggling with yet another issue. the pentagon says a 25 millimeter gun on the joint strike fighters can't shoot straight and has unacceptable accuracy. it is also mounted in a housing that is cracking. it is intended to be the most advanced aerial platfo

interesting because of the boe decision tomorrow as well. 50% odds we will get a rate cut from mark carneygo to michael mckee at the fed. michael: nothingberger from the fed. no word on when the fed will stop buying t-bills to increase its balance sheet. policymakers did raise the interest rates they pay -- household spending has been rising at a moderate pace these last few months. in decemb

mark carney is certain that the time for the song 90 back has come the world is waiting for good green ideas perhaps one of them will come from bangladesh. now if you're thinking about starting all over again it might be a good idea to also think about your wardrobe and maybe rework that old suit my colleague says it doesn't have to cost the world. here's one i hear a lot how do i get the most out of a cheap suit a very common problem. 1st of all never buy cheap buy the good stuff cheaply when it's on sale. but if this rather excellent piece of advice comes too late for you remember you can always reconstruct your off the peg purchase. let's get to work a cheap suit is easy to spot the plastic buttons are a telltale sign your tail will be happy to replace them with proper buttons and a more interesting contrasting like these you might even want to splash out on horn or mother of. and while you're at the tailor shop haven't check the fit cheap suits often to roomy so the fit all sorts of body shapes you've gone to an expert at the tailor it to you. actually the jacket sleeves they're li

we had mark carney today, no change in interest rates.be relieved of that post in march, but also we did not know which way it was going to go. whether we would get a cut to 0.5% or keep them on hold. they have kept them on hold, this is how the markets and the pound have reacted. so keeping a close eye on those throughout the day. we shall talk later, thank you very much. one of the last surviving battle of britain pilots — wing commander paul farnes — has died at the age of 101. there are now only two who remain. mr farnes — who flew hurricanes during the war — joined the raf as a volunteer in 1938. richard galpin has been looking back at his life. the summer of 19a0, and the battle of britain is under way. the spitfire and hurricane pilots fighting the german air force to stop the nazis invading the country. paul farnes, who flew a hurricane, became a fighter ace in the first month of the battle, after shooting down five german planes and damaging another. and he remembered no fear. i felt completely confident the whole time. i neverfe

coming up, will mark carney make a cut this week? looking for it to be a nailbiter.ney's latest press conference is on thursday. we will follow everything going on with the continuing efforts against the coronavirus. this is bloomberg. ♪ francine: coronavirus concerns. the death toll tops 100. china stops individual travelers coming to hong kong. until the virus can be under control. markets assessed. will futures rise, but there be a pause in the -- contingency planning. starbucks reworking locations in china. good morning, good afternoon, good evening, everyone. this is "bloomberg surveillance ." i'm francine lacqua in london. 1.5 hours into the trading day, let's check on european stock movers with annmarie hordern. annmarie: a lot of earnings impacting individual movers. one of the biggest gains on the stoxx 600, up 4% per net income beat estimates. have enoughthey money put aside in case of any potential fine if there is an investigation into money laundering. 2.16%.up about bribery allegations. with -- this has really shadowed the company for years. s.a.p., dow

financial times‘ front page features an interview with the outgoing governor of the bank of england mark carneyays central banks lack the fire power to combat future slow downs. the telegraph turns to brexit, as it reveals the eu's chief negotiator has warned boris johnson not to water down protections for its citizens living in the uk after brexit. the independent focusses of the continuing fallout following the assasination of iran's most senior general qasem soleimani as an ex sas chief warns his killing risks a new war. the guardian too looks at the escalation of the situation in iran saying british warships, helicopters and several hundred military personnel have been put on standby for deployment in or near iraq. while the metro looks at accusations that boris johnson has been hiding and avoiding questions on the iran crisis. and the daily mail's front page features at the football association selling its rights to watch fa cup matches to the betting firm bet365. a variety of front pages, and they are all too early for the news coming in as we speak that at least nine rockets appear to ha

mark carney has a decision at the bank of england on a knife edge, and he has not done anything to easericed in a rate cut. -- markets have not priced in a rate cut. janet mui, global economist, cazenove capital is still with us. the bank of england, mark carney in reshapingtal expectations around a rate cut this month or some time in 2020. what are your expectations? janet: we expect the bank of england to be on hold. surprised they were saying they wanted to cut interest rates. , going into week the year was week because of the election uncertainty, but data shows after the election results activity was rebounding. december starting to recover, and january, that is significant. the momentum of the u.k. economy is improving, and the labor market is solid. weak, but i think when global central banks stay the bank ofr, england is trying to do the reverse. they will wait and see, so we expect them to be on hold. matt: is the bank of england rethinking things as the ecb does as well? ecb is primarily trying to achieve inflation been keptnflation has at half the target rate for the eurozone

at his final press conference, the outgoing bank of england governor mark carney gave this assessmented uncertainties added to the global drag on domestic activity. last year the uk economy grew at its weakest pace since 2010, as business investment remained subdued despite having grown barely at all in the prior few years, and households began to rebuild savings and cut back on durable spending despite the resilient labour market. 0ur economics correspondent andy verity is here now. so rates stay unchanged, but... there are positives and negatives. the lack of business investment has meant there hasn't been much improvement in productivity, the amount each of us can produce, therefore the capacity of firms to play as inflation beating pay rises. you had economic growth actually shrinkage in the economy of not .3 cents according to the estimates in november and it's anticipated that when we get the official figures anticipated that when we get the officialfigures for anticipated that when we get the official figures for the last quarter of last year they will show growth was just flat

reporter: it certainly won't be boring when we get to mark carney's last meeting in charge of the boe at the end of this month. we've got various policy makers coming out. nineready had two of the voting for rate cuts. two more saying if the data does not improve, they will vote for rate cuts, and mark carney saying they have the space to cut if they need to and that he hears that argument, which is pretty strong from what we have heard at this point. they are looking at the data really carefully because that it was -- because that is what it really depends on. this morning's data was worse than anyone expected, actually a contraction in november. however, we've got inflation coming this week, retail sales, pmi's coming up next few weeks. so it is going to be a lot to look at before we get to that january 30 meeting. alix: thank you very much. we turn to the latest on trade. china's vice premier liu he will lead a delegation to washington to sign the first phase of a trade deal with the u.s.. joining me from washington is shawn donnan. much fanfare headed into this wednesday signing.

. ♪ mark carney was just one of many leaders who spoke with bloomberg about the climate crisis.s making an all-out commitment to sustainable investment. ♪ >> climate change is not going to be fixed by a central bank. viviana: coming up perspective on politics and policy as we review the economic forum. --let us look at the facts look at how the economy evolves. viviana: this is bloomberg. ♪ ♪ welcome back to the special edition of bloomberg asked. we are featuring conversations from the world economic forum in davos. i am viviana hurtado. the annual conference drew almost 3000 attendees. , 53ncludes 119 billionaires heads of state, and central bankers. president spoke to us about policy and politics friday. ♪ >> we need to do a lot of stock-taking, looking at the effectiveness of what we have done, learn from other countries. the fed is undergoing the same exercise. we need to take time to reach out to the parliament, to people, to those who are interested, to hear the voices. we will listen to markets as well but they are one of the voices. this willst believe be on autopilot.

their growth projections and i think that that just shows the general present ism coming out from mark carney from the bank of england i think that what it's doing is it's basically trying to hold steady recognizing not only what we just talked about trade deals but i think that everybody now is shocked to realize there could be a black swan at any time a black swan being a sort of a unique instance of something that shatters the markets like the. court over words yeah hillary for it or a memory of the bridge american businesses and see it and thank you so much pleasure. well if you have ever dreamed of owning an air force one where you can keep dreaming about that but you might be able to get the mexican equivalent and it could cost you just $25.00 that's a very good price mexico's president wants to auction off the presidential jet because he says it's too extravagant for the head of state of a developing country these slightly used boeing 778 dreamliner has not been used at all by president andres manuel lopez obrador since taking power a little more than a year ago the president has been

mark carney was out in front. christine lagarde without an front talking about this.ereto a they want to start to look at these risks. another thing i would flag is you've seen from the investor community, particularly public-sector pension funds, very large institutional investors starting to put a lot of pressure on, on the, you know, the managers they outsourced to. also to companies they investi in that is something they are aware of and caring about. as a result, that is where the becauseits the road, they are in charge of the capital and the investments. >> when it comes to governments, how much more of an active role should they take in economies given the big challenges facing us in the next decade, including climate change and inequality? heidi: all hands on deck for both of those. importance,flag the obviously you have government in ty as a decisive role hose -- both inequality and the types of economic policies that could alleviate inequality as well as the regulatory and the investment, particularly the support for investment in new green finance. at the s

with several including mark carney giving dovish signals.rom the bank of england, we expect two rate cuts. that is because of the growth of inflation in the u.k. still being very weak. there will be fiscal stimulus coming through but before that, we will be close to 2021. and we feel the bank of england has delayed the cuts because of brexit uncertainty and how it needs to catch up with what the world has been doing for the last six months in the policy space. tagged forprice brexit has been ratcheting higher. the bloomberg economics team did the analysis. much more issuance to come on the gilt side? wouter: boris johnson wants to thet the majority -- cement majority that he got. he wants to get those in northern england on board and will spend a lot of money on that. there is a delay on this. looking at 2021 for those changes. nejra: thank you so much. will continueboom the conversation with us on bloomberg radio at 7:30 a.m. the european open is up next. ♪ >> good morning and welcome to bloomberg markets come of the european open. we are l