the eu as chief negotiator michelle bonnier has beenin negotiator michelle bonnier has been in london all week. determination. but the uk has accused the eu and make last—minute demands. accused the eu and make last-minute demands. we want the eu to recognise that the uk isa the eu to recognise that the uk is a sovereign and independent nation. and it is on the basis of that that a deal will be done. it is tricky but we are working hard david frost and his team are working incredibly ha rd his team are working incredibly hard on theirs. that in good faith. let's see where we get to. but they didn't get very far. tonight after another day of intensive talks, everything is on hold. it's a joint statement on behalf of chief negotiator lord frost and bonnier said the conditions for an agreement are not met due to significant divergences. they agreed to pause the talks in order to state of play of negotiation. there is a lot at sta ke. negotiation. there is a lot at stake. and the irish prime minister says he fervently hopes there will be a deal. given the enormous negative impact of covid

-- that michelle bonnier is telling investors -- we understand that we are not quite there yet. what will we see in the next one to four hours, maria? will be key to see what type of reaction we get from the briefing, whether or not we hear from the germans or from the french. there was also speculation that we could see a trip from ursula von der leyen to speak with macron to speak about brexit on that note. it is also interesting that the pie minister says i'm ready to go to paris, to go to berlin to go what it takes -- if that is what it takes. change in theld next few days. francine: thank you so much, maria tadeo, our reporter in brussels. the markets are focused on a possibility of a brexit deal, focused on stimulus in the u.s., and overall there seems to be more optimism about a vaccine as well. "bloomberg surveillance" continues. in the next hour, we speak with sir howard davis. -- or howard davies. we will speak with him about the banking sector. all of that coming up, and this is bloomberg. ♪ francine: another shot. boris johnson and ursula von der leyen extend brexit

let me also pay tribute to president ursula vonda lyon, michelle bonnier, and all of our year keep ian -- all of our european friends for their understanding that it is in the interest of the you to live alongside a prosperous, contented, and sovereign united kingdom. the house understands the significance of the fact that this agreement is not eu law. but international law. so there is no threat -- direct effect. >> the eu law will no longer have any special status -- i think i have given this away quite a few times. there is no jurisdiction for the european court. >> order. >> mr. speaker, i feel i have to point out to the house that the historic principal with scotland as established by law, it is the people of scotland that are sovereign, and it is the people of scotland that will determine to take them back into the european union. minister -- notust to say, it does point forward. i'm desperate to see what he has got to say in his contribution. why doesn't he just say -- quite right, it remains in the u.k. it is highly unlikely the people of scotland will take the decision as a co