still with us, i mark gilbert and geoff yu -- still with us, mark gilbert and geoff yu.t for geopolitical relationships with the u.s., there is a game of chicken, which i guess is oil. how much will it affect the price? geoffrey: for now, it is a domestic situation. but if it feeds into the proxy wars between iran and saudi arabia, which has been identified as a flash point, that is where the risk lies. term, medium to longer markets are not going skyhigh, so it will not affect the trend much. tom: geoffrey yu and mark gilbert with us. right now, for your briefing this tuesday morning, here is taylor riggs. taylor: the u.s. has confirmed that the vice president's delayed trip to the middle east is on for this month. pence have postponed richard after arab leaders denounced the u.s. for recognizing jerusalem as israel's capital. an army lieutenant general has of the islamic set has lost land it controlled in syria and iraq, but he warned that the group can still pose a danger. and hackers are mining cryptocurrency. is widenings regime its search for cash following economi

you never know what well throw at mark gilbert. the death of the dollar was the theme of one of your gadfly pieces lately. has it been overstated? >> greatly exaggerated. the u.s. is still ahead. the eurozone is improving. you have a better economic outlook, a central pang that is tapering, you have the e.c.b. possibly looking at halting its bond performs in september of this year. you have him talking about rate headaches. he said the market is right to think about them in the middle of next year, but he is putting it back on the agenda. that is why the you're is strengthening. but the dollar is not over. still the most used international currency. it is the most used for international tradges actions. if you google death of the dollar, you will find a million entries for it. bundes bank is talking about moving to the yuan. >> tiny steps. the e.c.b. has about 500 million euros. it does not signal the yuan replacing the dollar in terms of choice. vonnie: which is one you are most watching this year, is it the federal reserve balanc

roelof and bloomberg's mark gilbert, stay with us.ing up, burberry is under pressure after holiday sales missed estimates. this is bloomberg. ♪ francine: good morning. i'm francine lacqua here in london. let's get to one of our top stories. burberry holiday sales fell short of estimates as the ceo began implementing his plan to give the trenchcoat maker a facelift. retail revenue rose 2%, half the rate analysts estimated. shares lower this morning. i was looking at some of the trading volumes with guy johnson. compared toe 700% the last 20 days. robert williams joins us now from paris. i've been going through some of the notes. part of it is the fact that mainland china, but also the u.k., decelerated. they don't have a creative director. what are people worried about at burberry? robert: today, they are looking at a pretty tough comparison. last year, sales really jumped due to the lower price of sterling. burberry has a lot of stores in the u.k. this year, it was a little less attractive to spend money and bounds in comparison to la

mark: in our next stop, we will be joined by martin gilbert, chief executive of aberdeen standard investmentd enough to sustain? -- will it be good enough to sustain? this is bloomberg. ♪ ♪ mark: it is 11:00 a.m. in new york, 4:00 p.m. in london, and 12:00 midnight in hong kong. there is 30 minutes left of the trading day. from bloomberg's european headquarters, i'm mark barton. vonnie: and i'm vonnie quinn. this is "bloomberg marktes: european close." mark: these other stories we are are watching. we speak with gilbert. theresa may begins a major overhaul of her cabinet. she prepares for the next round of high-pressure brexit talks. have an exclusive interview on how the tax laws and changes

mark: these other stories we are are watching. we speak with gilbert. theresa may begins a major overhaul of her cabinet. she prepares for the next round of high-pressure brexit talks. have an exclusive interview on how the tax laws and changes will affect business in the year ahead. away from thetes monday session. for the fourthng consecutive day, best run since november 1 after the strongest weekly gain for the european benchmark. since may it rose. currencies falling against the dollar. you have bond commodities closing. we have much to chat about. there is a big to expand medicines for blood disorders. novo.ls -- comes as it has joined a flood of similar treatments from the biggest drugmakers. competition is heating up. economic measure of sentiment. from 2012, heading in one direction. it is the highest since 2000. added to measures of economic activity, the strongest in seven years. employment continuing to decline in the eurozone. growth in 2017 was the fastest pace since before the financial crisis. it is forecast to be almost impressive -- as

marks. each correct response will begin with an "ap," and the correct response will come after the word "apocalypse" in the dictionary. then... you know? sorry. finally... -gilbertops for $200. gilbert. what are 3-pointers? you are right. college for $400.