our interview with michael o'leary later this hour.his is bloomberg. ♪ francine: this is "bloomberg: surveillance." i'm francine lacqua in london. let's get to the business flash with leigh-ann gerrans. leigh-ann gerrans: nestle is close to its next takeover target. the payment provider is in merger talks with next, hoping to reach an agreement for a share deal the follows the purchase for 4.5 billion euros. shares in the firm have doubled since the country's -- company's ipo in april. ryanair is bracing for deeper losses this winter as a new wave of lock downs threatens its bring back flights. europe's biggest discount carrier will provide 40% of usual capacity and says that could drop further. ceo michael o'leary criticized new restrictions, calling them a failure of government policy. that's your bloomberg business flash. you.ine: thank a lot going on. we have to look at the markets. 24 hours away until the u.s. starts voting and that could move the markets. risk assets are all over the place at the moment. it is volatile when it co

michael o'leary talking about the winter. oing to look very grim considering the lockdowns we are seeing across europe, manus. inus: we will have michael just a few moments. the projection on the numbers, a record loss for the second half versus the first half so we want to know a little bit more. revenues plummeted. those questions with the ceo, michael o'leary, on daybreak europe. this is bloomberg. ♪ ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save hundreds on your wireless bill. plus, get $300 off when you buy the samsung galaxy note20 ultra 5g. learn more at your local xfinity store today. more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so t

the highs and lows of that interview with michael o'leary of ryanair. we will bring you that later on in the program. this is bloomberg. ♪ anna: welcome back to the european market open. 45 or so minutes to go. european equity futures look fairly mixed. ftse futures looked to be on a different trajectory. volatility around various themes around the pound. in terms of u.s. futures, we have a fairly flat picture so we will look to that as we head closer to the start of u.s. trade. let's get an update with laura wright. laura: with one day to go until the u.s. presidential election, joe biden is leading donald trump in a series of polls. he remained ahead nationally as well as in key battleground states. some of the races remain extremely close. a number of polls put biden ahead in pennsylvania. brexit negotiators are close to breaking an impasse over one of the biggest obstacles to a deal, fishing. it's a sign an agreement may be ready by the deadline. sources tell bloomberg the two sides are nearing a compromise. as protests in poland are continuing afte

this lockdown, by concerns we still have brexit negotiations still going on as we heard from michael o'leary from ryanair, we don't know what that will mean for stocks and various sectors. boris johnson, dominic raab saying they did not want a national lockdown but the scientific and medical community, the so-called sage group of advisers basically put it very bluntly to the prime minister that if we carried on the current trajectory, there was a chance the worst case scenario would be extended which encompassed 85,000 deaths in a second wave over the winter that would peak at about 4,000 deaths per day. there's a lot of contention about those numbers. certainly those in more hawkish front in terms of those that want to keep the economy going say there are big clouds over the veracity of those figures. boris johnson, when presented this by the likes of chris witty, thought he was boxed into a corner and had a cabinet ministers meeting on saturday. the results were leaked left, right and the center there were all accusations going around a delayed speech by the prime minister on saturday and

michael o'leary has already complained. picking holes in eight?ained.” will be talking to him in the next hour. also there delay, we are talking about the 15th of december, many have asked for this to be in place way before then, by the time the latest lockdown in england and on the 2nd of december, you still have to wait another 13 days before the system comes into play. it is costly, 500 p could be added onto a holiday for a family of four. the onusis holiday for a family of four. the onus is on the traveller and whether that will be enforced is another question that people are asking about. we can speak to the posted heathrow airport, he was once the boss of the busiest airport in europe but now the second busiest, and that is down to the coronavirus. how did you react to this news? we welcome it, it is what we have called for four the last six months, it has been a long time in coming budget is welcome, it is only a start, there is still a requirement for five days' quarantine, there is still a test that might be £60 or more per person. we hav

michael o'leary calls the system not very well thought out adding that it is a fig leaf that doesn'tk, it is not enforceable, people don't comply the uk recently announced that it was reducing its quarantine period for people arriving from most destinations from 14 days to just five o'leary adds that having people get tested before they travel to the uk would be a much better system in the last few days, millions of americans have jumped on a plane heading out to see family for thanksgiving according to the tsa, another million passengers took to the skies on sunday. and that is the highest level we've seen 1,047,943 since plre-pandemic. and that topped the number we had two weeks ago. for more on the holiday travel season, we're joined by james ferrari of intella travel good to have you back on your industry is not in a recession, it is in a depression hospitality has been leveled are you able through your network to sort of gauge where interest may be now, and if it is, where are we >> sure. good morning, brian. i've looked at over 50,000 transactions, looked at a lot of research 2

take a look at the nasdaq 100 names leading the way higher >>> later, we'll talk to ryanair ceo michael o'learynt lockdowns as air traffic fell 80% in the last six months reminder, you can watch or listen to us live any time on the cnbc app ♪ (harold) twelve hundred strings of lights. (betsy) quarter mile of tinsel. (harold) and real snow all the way from switzerland. (betsy) hmmhm... gonna be tough to top. ♪ (betsy) well played. (vo) add some thrill to your wish list. at the season of audi sales event. get exceptional offers now. ♪ when disaster strikes to one, we all get together and support each other. that's the nature of humanity. ♪ ♪ no one thought that they were going to do this before it happened, and everyone just did it. i think that's the way that human nature should be looked at. ♪ ♪ ♪ ♪ >>> welcome back to "squawk box. take a look at u.s. equity futures at this hour because we are on what looks like going to be a run this morning. the dow looking to open up about 482 points higher. nasdaq looking to open 145 points higher. the s&p 500 looking to open about 53 points higher potentia

jonathan: the outspoken michael o'leary catching up with bloomberg earlier this morning in london. in the open, around the opening bell at 9:30, we a jp morganp with global strategist. jp morgan cutting tech stocks to neutral, lifting banks to overweight. that is the conversation at 9:30. ,om: that will be worth hearing particularly on the financial question. a lot of those dynamics, curve steepening seat in the last couple of days. maybe that is the catalyst -- i've been blown above a -- i've been blown away by what our team has done. the guests just show up. it has been a stellar day. ,s we saw from angela merkel making very clear the pandemic rages in germany. jonathan quick, not the goalie from los angeles, jonathan quick of the rockefeller foundation is definitive on this. he has written the definitive book on epidemics, the end of epidemics -- the looming threat to humanity. we are thrilled to get an update this morning. what have you learned about this pandemic with all you know and all your expertise? what have you learned in the last 60 days? jonathan q.: unfortunately, it

reiner chief executive michael o'leary calls the lockdown political mismanagement on a grand scale. good morning, everyone, and welcome to "bloomberg surveillance." the focus on the markets, there was a lot of volatility this morning. now that things are stabilizing, we have the bank of england on thursday, but all eyes are on the election tomorrow. it's is not only for the white house but of course the senate race as well. hugethe senate race is a mystery. the focus got greater. there were some interesting twists and turns over the weekend. in the markets, the higher yield regime gets my attention with 7%. 10 year yield out to .8 there is the then-what later in the week that will be interesting. francine: right. depending on whether it is a contested election, that is what i keep hearing on the markets, that if it is contested we could see a lot of volatility in all sorts of asset classes. and of course, there is a bit of news on brexit, and coupled with news on restrictions in the u.k. economy, it is giving us more neutral pound going forward. let's get to first word news with rit

michael o'leary delivering a good set of numbers.alking about a positive outlook if we are to see a vaccine, but nevertheless in the near-term, this will be a tough winter. even this company cannot afford that. ocado, the home delivery company, one of the best performers out of europe. interested in buying reporting's company. that is essentially what this is, a technology company. and lafarge, i brought that up a little bit earlier, trading up 4.35%. the outlook looks good. you would've thought the construction sector would be on the back foot considering the narrative, posting a positive story going forward, and you have to think about maybe we are going to see some of the stimulus being turned into capital stocks. at some point lafarge in the construction center would be a beneficiary of that. alix: all of this in the backdrop of research and virus and lockdowns in europe. biotech companies will start clinical trials tomorrow, it is developing a treatment that could be administered nasally. its founder gabriele cerrone joins us no

ryanair ceo was the michael o'leary talking about the effects of covid-19 in general and the u.k.n on his business. we know the pandemic is one of the central issues for voters in the current election. of course, the politics of public health is another story. hearne,oined by shelley director for the johns hopkins center for public health advocacy. thank you for being with us. with, on start there the one hand, beasley, -- obviously, public health is top of mind in a global pandemic. we depoliticize it, how important that it not become a political football in the process? we are having that moment in public health where lucy is holding the football and keep on moving it. that is what we have been doing to public health. it cannot be a political issue but cannot be a neglected issue, which has been happening for years and years, before the pandemic hit. that is my we need to make a commitment to rebuild it -- this is an infrastructure issue -- regardless of who wins the election. vonnie: we heard from both candidates that they have plans and so on to deal with coronavirus postelect

we can talk now to the airline's chief executive, michael o'leary. new rules? none, we think. we had already reduced our schedule this year to about 40% of what we operated last winter. so are operating on a bare—bones schedule anyway. we do not see ourselves cancelling any of these fights, we think they will still operate. people are still permitted to fly for business or work for essential reasons. that's essentially what we've been carrying through october, november anyway. what we hope is the these second lockdown will be at least successful, will allow people to travel for christmas, which is a key period of the year for us. but if there was a good month to have a lockdown in the airline industry it would be november because that is when we carry the fewest passengers and we lose money historically anyway. but if the government is advising people not to travel and you are still operating flights, does that mean they will not get the money back? if the flights are operating, there will not be any refunds, although they will be able to change thei

anna: that was michael o'leary, ceo of ryanair, speaking on monday to bloomberg tv, as more and morecross europe announced lockdowns and travel restrictions due to the pandemic. reports revenue for the first half that misses the average analyst estimates. we are joined now by jozsef varadi, the ceo of wizz air. thanks very much for talking to us. give us your thoughts than on the -- then on the latest travel bans in the u.k., in parts of france, germany, and other parts of europe. what are your thoughts on the way governments in europe are handling this impact on travel? jozsef: pretty badly, i would say. one of the things we all hoped was that there would be more coordination, a global approach. nothing of that is happening. they are flying to 46 countries. governments undermined people's ability to travel. i think people are willing to travel. all these restrictions, locking down countries, putting people on quarantines, just seem to be making flying impossible. it has to change because of the economic impact, not only on our industry, but the overall economics of countries. we nee

haidi: michael o'leary there. plenty more to come on daybreak: asia.loomberg. ♪ haidi: we are watching australian copper minors, falling on the back of reports that china is excited to introduce a ban on australian imports of copper ore, among other commodities. let's get more from ed johnson. we spoke with the former treasurer and ambassador to the u.s. earlier, just talking about this laundry list of exports that are being targeted by beijing. there is still more there could -- there is no more they could do. ed: that is right. this has been a steady drip drip of commodities being targeted in recent weeks and months. we've had barley hit with tariffs. wine subjected to antidumping probes. beijing has discouraged tourists and students from visiting australia. morrison's government seeking clarification of reports that china's purchases of australian coal. then came with cotton mills being told verbally by beijing officials to stop buying from australia. yesterday, shipments are being held up. later yesterday, the morning post reporting beijing is read

speaking to the bbc, michael o'leary calls the system not well thought out, adding it is quote a fig doesn't work it's not enforceable, people don't comply the uk announced it was reducing the quarantine period for people arriving from most destinations in 14 days to five having people get tested before they travel to the u.k. will be a much better system when we return, the president of the association of flight attendants joins us to discuss the holiday travel rush and ndhety concerns amid t paemic "squawk box" will be right back. it's been a tough year. and now with q4 wrapping up, the north pole has to be feeling the heat. it's okay santa... let's workflow it. workflow it...? with the now platform, we can catch problems, before customers even know they're problems. wait... a hose? what kid wants a hose?! fireman? says "hose". -it says "horse"! not a hose! cedric! get over here! now our people can collaborate across silos, from across the globe. so how's the new place? it's a 4 bed, 2.5 bath igloo... it's great! yeah, but you have to live in the south pole. sir... -wait, are you s

michael o'leary said if a flight was operating, passengers would not get their money back but they coulds reported an 80% slump in passenger numbers during the coronavirus crisis. prince william was unwell with covid—19 earlier this year but it was not publicly announced. palace sources have confirmed the duke of cambridge had the virus around the same time that his father prince charles was self—isolating. jon donnison reports. prince william appearing on itv‘s pride of britain awards last night. you've had it in your own family, as well? yeah, my father had it very early on. it turns out it wasn't just his father who was infected. the prince made no mention that he had also fallen ill with covid—19 last spring, but paid tribute to nhs workers. the devastating impact of the coronavirus pandemic has reminded us as a nation of how much we owe to the thousands of nhs workers who have gone far beyond the call of duty this year. kensington palace is giving no official comment or confirmation but a palace source told the bbc that a story in today's sun newspaper that the prince had shown symp