i was when mpc just expanded i was in a shelter, a church shelter when some of the first asylum-seekers are returned and this is at the

more confident, clearer about what it is doing the government described the difference between the mpcbc, price stability is easy to define you can define it by the inflation rate financial stability is rather a tricky concept you sort of know when you haven't got it we lived through financial stability and instability. defining it is harder. that makes the committee's work different than what the mpc does we paint on a wider canvas, if you like i've seen the committee get more confident but we are still at the toddler stage, i would say we've only been going less than seven years now. i think for me, one of the important things i think we have to continue to work on is that the financial markets and the wider public should understand the work we do which is why the session like this is so important. should be able to understand what we call our reaction function if this happens, the committee is likely to happen that way >> i was going to reference the statement made in the preappointment question. that is rather far fetched is it any nearer to that >> that question was wrong on the t

the correct ticker is mpc. there are two marathons. often confused getting back to the markets. the s&p 500 as you might have heard about, coming off its 14th record close of the year the dow a little more than 1% away from the all-time high. it is tuesday, kind of spitting rain here in the northeast we'll call it flat the bond markets and yields still very low we'll talk abouthousing here a well talking about encouraging more home buying or home remodelling. here is a hint it is. >> finishing up their night as well japan, one of the hottest markets in the last couple of months china flat but slightly down in the european trade, the uk has been the only market besides ours in a trend. optimism around trade progress is really keys to the story. that has been the market moving thing. eunice yoon, it is always great to see you on. tell us where we stand right now in the u.s./china trade talks. if you don't mind. >> i am 12 hours ahead of you but besides that, the u.s. trade representative's office has said it could considerextending tariff exemptions. companies have from december 1

spotted the mpc had not the recession was coming six months after it started.s had, but the majority of the committee had not. shery: governor mark carney has ruled outgoing subzero. talk about that being a little bit unnatural. brexit, is a no-deal will that be a scenario that the boe has to look at? danny: it is foolish to rule it out, especially as other central banks around the one, the ecb we know recently cut from -.42 -.5 -.5 point we don't know if mark carney will be there. we know there is some talk he might have to stay on for a while. i don't think you can rule it out. there is a lot of leeway for the central thing to go pick could they cut further? -- for the central bank. could they cut further? you have to have the central authorities doing things. the chancellor of the exchequer has to pass things the house of parliament. actually, it is certainly unclear that they could do that. they do not have a majority in the house of commons, so the pressure on the central bank is probably going to be -- the new chancellor may not be able to actually get an

. >> mpc >> yes, mpc.se, put a letter out on september 25th saying, hey, we like you guys, we worked with you previously and would like you to unlock the value currently trapped in your conglomerate structure we would like you to get the retail company to become stand alone, speedway, the gas stations midstream we would like to be stand alone. and the refining company would like to become new marathon. elliott has been putting the pressure on. d.e. shaw has been there a number of other large shareholders there were meetings, others reported on this the last couple of days, three of the independent directors, the three big independent -- moore, evan bayh. >> sticen is the big hitter there. >> speaking around this situation, there are a lost possibilities that marathon will consider you're seeing them there in terms of what seems more leakly in t likely many people involved in these conversations, from what i believe to be the case, on the 31st, when the reporting earnings, there may well be additional annou

mpc, marathon petroleum. that was going to be an unusual option activity yesterday for me.. keep an eye on this name. we talked about it many, many times. monstrous january call buying in there, as well. >> good stuff. you had a comment? >> talking about marathon, he has comments. >> the refinery sector has a lot of things going for it. marathon in particular has this activist issue, argument, whatever you want to call it with elliot management. that's going to win out for shareholders benefits. i'm long the january 65 calls. giddy up. >> you're a good man. i'm on the stock and the call. i'm looking for giddy up out of this. >> good stuff. have a good weekend. >> we'll answer your questions. ask halftime is straight ahead. you have time to reach u as,s well. we'll be back in just two minutes. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier

there is some disagreement in terms of the mpc. hearing from deputy governor dave remsen right now is that if boris johnson secures parliamentary backing for his brexit deal with a smooth transition, interest-rate hikes around the table for the bank of england. he spoke in a bloomberg interview on thursday. anna edwards is joining us from brussels for the latest on brexit. really interesting comments from dave there. in terms of the brexit process which you have been following closely, as we look ahead to the weekend, what is likely have -- likely to happen on monday? >> interesting comments from him. he also goes on to say the bank of england will be watching what happens on monday in the markets. interesting that he has that feel about how rate hikes could be back on the table if we get a smooth brexit. others have been referring maybe to a slowdown in the global economy and perhaps it is the interplay that is going to be to the four of the bank of england. on monday, we will have to wait to see what happens on saturday in the ho

i was when mpc just expanded i was in a shelter, a church shelter when some of the first asylum-seekers are returned and this is at the peak of what acting secretary called the breaking point in el paso. so many of the families i spoke to in that church had 10 days in processing facility. >> earlier portions of the discussion from the daylong migration policy, we are live now for a paneldiscussion on immigration law . >> and to see so many legal professionals advocates, students in the audience. and we are looking forward to a robust discussion among our three expert panelists and a very strong question and answer period. so i'll start, just basically with a few remarks. my name is anna gallagher, executive director of the catholic legal immigration network and we are an affiliate organization with over 370 members in 49 states across the united states. i always like to say we're sort of the sleeping giant. we are a quiet organization. folks mightnot know our name as quickly as they know the aclu or other organizations . however, we do a lot of the groundwork . the support and represent

that we didnjury with an mpc member that if the deal gets through, maybe we can look at interest rateof england. we will talk politics and brexit with governor carney. this is bloomberg. ♪ ♪ whereare reaching a point generate alicy can small benefit in terms of economic growth, but might generate the probability of less growth in the future if we fall into financial instability in the future. globalized synchronized slowdown and it is important that we do something about that. the risks have been heightened in the uncertainty that comes from that. >> i think there's room for central banks to lower their policy rates further. in the philippines and india and countries, they have already decreased the interest rate. tom: conversation at the international monetary fund meetings yesterday. ,e will drive that forward including the important discussion with governor carney. james dimon and james gorman also. we are thrilled to have with us rhodes and catherine mann. is thisthe same bank -- a new citigroup? ago, i retired 10 years and there is a long history. put it this way -- one thing rem

mpc had think, parliament really cannot resolve this, we will have to have another referendum, it isss amendments, may be those numbers would change. although supporters of the prime minister believe that would be disastrous. just listening to andrew bridge and speaking to you earlier, i thought, quite stark word from him. the answer is, the country is absolutely tied to death of this. our democracy is at breaking point, i think our country is at breaking point. we wa nt country is at breaking point. we want to get this deal across the line, it is tolerable for the drg, it has the tentative support of the e g90% of the withdrawal agreement is exactly the same as theresa may and's withdrawal agreement so we should not need the amount of time. we have debated it for one side mounts. we are going to have a day when i think there is going to be an awful lot going on behind the scenes. the headline is probably least because saying no to boris johnson getting a second chance to put the meaningful vote on the table. the action is really away from the chamber, it is the movements and allianc