the best the scottish national party ca n join. national party can hope for is you can join the eea shortly afterwards and adopt the eea shortly afterwards and adopt the euro, but there is a lot of questions about the stability of the euro and whether other euro holding countries would allow scotland to join. if scotland is allowed to do this, it could set a precedent that would be dangerous for other countries. fiendishly complicated. sebastien, thank you for talking to us. sebastien, thank you for talking to us. sebastien pain, from the financial times. channel 4's chief executive david abraham has announced he will step down by the end of the year. the broadcaster said he would remain until a new chief executive has been appointed. earlier, ispoke until a new chief executive has been appointed. earlier, i spoke to the editor of broadcast magazine, chris curtis, who started by telling me he thought mr abraham's tenure amounted toa thought mr abraham's tenure amounted to a long time in television. he was keen on achieving stabilit

party do not. it absolutely trust the scottish people but what i do not trust is the scottish national party who do scottish people but for the snp. let's trust the scottish people for one minute, they voted no in 2014. 0na one minute, they voted no in 2014. on a white paper, lies that were as bad as the brexit referendum, it came from the yes side back then. and let me clear up the issues around the eu referendum. we are currently debating two amendments that have come from labour lords. we had seven or eight amendments that we we re had seven or eight amendments that we were trying to get through. we are battling hard brexit. but it is not super scottish national party to go down that particular line. it is about time the angus robertson got out of bed to pursue this divisive and second referendum. out of bed to pursue this divisive and second referendumlj out of bed to pursue this divisive and second referendum. i would've thought the labour party would have learnt the lessons of not being on a hop with the tories and they should learn the lesson of not being in hop to them now. it is time to be

head of the scottish national party just in case the head of the scottish national partyjust in caseutives, a top man and another who is at the forefront of the media. putting the two of them together, and their basic emphasis on where they are strong makes a lot of sense. both shows are at between 8% and 10% this morning for the eid think the market likes the idea of the merger. a busy day. a lot of news going on. we will see you again in about five minutes. he will return. still to come... battle of the bands! we'll speak to the boss of a company bringing the likes of hozier and bastille straight to your living room. it is relieved to discourage people from using their smartphones and not giving the respect to bands are used to do. we will have that discussion ina to do. we will have that discussion in a moment. it's national apprenticeship week and a new report out today says 1.5 million degree level apprenticeships are needed to boost the number of women managers. the chartered management institute are calling them the "missing middle" and are calling employers to use higher leve

there is no mandate in scotland. >> lots of reactions in nicola sturgeon's party, the national scottish party tweeting that it's an important step for scotland while members of the opposition have been calling it a bad move. tweeting that the vote was the decision of an elected parliament and cannot be denied in a democracy. the scottish secretary of state in the u.k. government, he retreated a second referendum before the process is complete is unfair and that it can't be agreed. there wouldn't be negotiations in response to such a request. saying welcome back, scotland. we missed you. hang around this time. this is our country together. a researcher in glasgow says this shortsighted decision will potentially use the s&p the next election. turning to the u.s., pressure is building on devon nunes to step aside in the probe of possible ties. he is currently heading the investigation but is it a size for his closeness to the white house especially after his commerce that some trump associates may have it ends dared -- ensnared in incidental surveillance. it was to justify the acquisition

i'm ben brown in edinburgh, where the scottish national party warns theresa may not try to block the first minister's plans for a second independence referendum. i'm joanna gosling. the other news at 11... the deputy governor of the bank of england resigns after failing to reveal her brother's role at barclays. new york and newjersey declare states of emergency as a huge winter storm sweeps in. children's exercise levels start to fall as early as the age of seven, according to new research. good morning from westminster. the bill giving theresa may the power to trigger the formal process of leaving the eu has cleared its final hurdle in parliament, and will now become law. the brexit secretary, david davis, said the uk was on the threshold of its most important negotiation for a generation. our political correspondent chris mason reports. contents, 118, not contents, 274, so the not contents have it. with those words the government achieved what the supreme court told ministers they had to, parliamentary approval to start brexit. the debates here in the house of lords and in the hous

this is the deputy first minister from the scottish national party, winding up the scottish national winding up the debate. the debate is due to end in the next minute or so. after which there will be a series of votes, four amendments and then the main motion, in the name of the first minister nicola sturgeon. that isa first minister nicola sturgeon. that is a sequence of events. it won't ta ke is a sequence of events. it won't take long. the votes in parliament all electronically done and it will bea all electronically done and it will be a rapid series of votes. as we keep an eye on this, let's bring in oui’ keep an eye on this, let's bring in our colleague lorna gordon, our scotla nd our colleague lorna gordon, our scotland correspondent. just a sense of how this debate has gone so far? this debate was interrupted, it started early last week, interrupted because of those events at westminster, that attack that left so westminster, that attack that left so many people dead. it resumed, this debate, at scottish parliament earlier this afternoon. in total i think msps have been deba

but the scottish national party, which dominates scottish politics and is pro—scottish independence,d that, if there was a significant change in scottish or uk politics, that would justify having another referendum. and they've said today, the first minister of scotland, nicola sturgeon, said look, the brexit referendum, and the uk leaving the european union is that significant moment because scotland voted to remain in the european union, whereas the uk as a whole voted to leave. she has said she wants another independence referendum in scotland within 18 months or two years, ie before the uk formally leaves the european union. it looks like the british prime minister, who has the legal power over the triggering of another scottish independence referendum, will try and postpone it as long as she can. let's take a look at some of the day's other news. the north korean ambassador to the un has been defending the country's recent ballistic missile tests seen here blaming the united states and south korea for escalating tension that he says is pushing the region to the bring of nuclear

scottish press dealing with this? the national is sounding pretty jubilant, unsurprisingly. they have a picture of a determined looking sturgeon f herethe caption, scotre we go. the scottish national party's , the headlineil today. sturgeon has launched a new bid to tear scotland and the u.k. 907 days after the result no vote of the first referendum on scottish independence. >> how is all this being received by the british government? >> according to this leading article in the times, may is preparing to reject the first ministers demand for a vote in the next two years. needs westminster's approval to hold any legally binding vote. alliesece quotes may's who say there is no way the prime minister would allow any such vote to go ahead while exit negotiations with the eu are underway. >> there is another rather big piece of news coming out of the eu that has been overshadowed by this information from the scottish referendum. namely that theresa may has been given the green light to trigger article 50, the mechanism by which the u.k. will leave the eu. that is after the house of lords dropped two amendments to the article 50 bill. one would have safeguarded the rights of 3 million nationals

the vote was called by the scottish national party after the uk voted for brexit., 69, no, if denied. it is therefore agreed. any new referendum will have to be agreed by the government in westminster, but scotland's first minister nicola sturgeon, believes there's now a clear mandate for a second vote to take place. i hope the united kingdom government will respect the view of parliament. this is simply about giving scotland a choice. we agree that now is not the right time for that choice, but that choice should be available to the people of scotland when the terms of brexit are agreed to. with anti—eu sentiment growing across europe the upcoming brexit negotiations are bound to be contentious. the french presidential candidate marine le pen, leader of the far—right front national party, has told the bbc that she expects the eu to try and punish the british for their decision. translation: that is undeniably the intention of the eu. the eu wants the divorce to be as painful as possible. that is simply because they can feel that other nations in europe want to lea

the vote was called by the scottish national party after the uk voted for brexit.endum will have to be agreed at the government in westminster. scotland's first minister, nicola sturgeon, believes there is now a clear mandate for a second vote to take place. there is now a clear mandate for a second vote to take placelj there is now a clear mandate for a second vote to take place. i hope the united kingdom government will respect the view of parliament. this is simply about giving people in scotla nd is simply about giving people in scotland a choice. we agree that now is not the right time for that choice, but that choice should be available to people in scotland when the terms of brexit appear. people in south korea have had trouble explaining human remains being mistakenly identified on a ferry. the maritime industry said the bone fragments were in fact from one or more animals. 301! people died when the ship sank in 2014 and more animals. 304 people died when the ship sank in 2014 and some bodies have not yet been discovered. saudi arabia is offering amnesty fo

it is not exactly a secret that at the 2015 general election the scottish national party flew nicola of their candidate, which suggests to me that some of his complaints, or the complaints of his party, in this respect, are both spurious and hypocritical. order. no, no, the leader of the house mustn't use that last word. he is a versatile fellow and he can use another word and i feel sure it i think the party... i make no allegation against an honourable member. i think the party in question has--. . , l, of approach when it comes to this matter. david lidington, testing his descriptive skills. mps have accused the large energy companies of "ripping off" and "robbing" customers by leaving them on the most expensive tariffs. in a debate in the commons, there were calls from all sides for action against the "big six", as they are known, for the introduction of a "relative" price cap limiting price rises once fixed deals end, and for more to be done to encourage consumers to switch between energy providers. the debate was opened by a conservative mp, who criticised the big firms for fai

national news. for that we go to sebastian salek. will use: theresa may the start of the conservative party conference to forge a closer union within the u.k. it comes after the scottishl party leader called for a new independence referendum. the u.k. prime minister says the focus needs to be on brexit negotiations. >> i say now is not the time. efforts should be in negotiations with the european union to make sure we get the right deal, the right deal for scotland and the whole of the u.k. to look at this issue at this time would be unfair. sebastian: british officials have complained to the white house after press secretary sean spicer cited a fox news commentators report training barack obama had enlisted u.k. intelligence to spy on donald trump. the u.k. issued a statement flatly dismissing the reporting. the white house wouldn't confirm whether the british government asked to retract the remarks. executive isef being investigated over his residency. the lost a london court bid to end an inquiry on his earnings. the ruling says the government is not making any allegations of impropriety. gulliver had spent significant time living in asia. global news 24 hours a da

the vote was called by the scottish national party after the uk voted for brexit.ll have to be agreed by the government in westminster, but scotland's first minister, nicola sturgeon, believes there's now a clear mandate for a second vote. officials in south korea are coming under pressure to explain how they mistakenly said they had found human remains on the wreck of the sewol ferry. the maritime ministry said the bone fragments were in fact from one or more animals. 30a people died when the ship sank in 2014, and nine of the bodies have not yet been recovered. saudi arabia is offering an amnesty to indonesian nationals who have over—stayed in the kingdom. the measures, which come into force on wednesday, will mean indonesians who have remained in saudi arabia illegally will be able to leave without prosecution, as long as they do so within the 90—day period. here's some rare footage of tigers in the wild in thailand. these pictures of a mother and six cubs were captured using hidden cameras. conservationists are thrilled, they say it looks like a new breeding po

angus robertson from the scottish national party says...opping that given brexit is the biggest challenge to our economy there was not a single mention of it in the budget." was there enough brexit in the budget? here's our political correspondent rob watson. ina weird in a weird way, although the word brexit was not used once, it was com pletely brexit was not used once, it was completely the context in terms of the government wanting to hammer home that there is economic growth out there, but absolutely a message toa out there, but absolutely a message to a domestic audience in the uk that, though, when we leave the eu we will have to continue with austerity just in case we will have to continue with austerityjust in case things go wrong on britain might need to borrow more money, but if we will not be having so many immigrants from the european union, local people, young people, need more skills and better training to continue to make britain competitive in the wider world. studio: if you look at the nhs, there are lots of workers from t

british prime minister theresa may accuses the scottish national party of being excessive nationalist's. the prime minister said the scottish party has titled vision in trying to push a second vote on independence. in tryingnel vision to push a second vote on independence. meantime, she said a formal brexit process will be triggered in the next two weeks. it's a surprise new job for british chancellor of the exchequer, george osborne. named head of the evening standard. theresa may fired him last july. global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. im mark upton. this is bloomberg. vonnie: a quick headline on the president and his meeting with angela merkel. with her at the white house and a spokesperson says the meeting is going very good. you are watching bloomberg. ♪ vonnie: straight to the white house now for the meeting between angela merkel and donald trump. let's listen in. vonnie: mike pence there as well. donald trump meeting with the german chancellor, angela merkel. we did get one headline so far, donald trump saying the m

the deputy scottish national party leader, angus robertson has insisted there will be a second referendumce. opening the party's spring conference in aberdeen, to draw a line under the snp‘s proposed timetable for a second independence referendum. later, theresa may is expected to set out plans for a stronger union when she addresses conservatives at their spring conference in cardiff. iain watson is at the snp ffififfitfififfi ifi ifififfieee’ffi’fie’f ' ’ spring conference is an occasion to slug it out, it seems, because we are hearing to very strident opinions on whether there should be a second referendum or a second independence referendum or not. absolutely. we are going to see, if you like, a tale of two spring conferences. theresa may will probably underline - decision not probably underline her decision not to allow a scottish referendum for the time being, in other words, until after brexit. as you can imagine, that's gone down like the proverbial lead balloon here in aberdeen as the snp gather for what they have said is their biggest ever spring conference. they have got local elections g

the deputy leader of the scottish national party has insisted there will be a second referendum on scottish aberdeen, angus robertson said the prime minister was "panicking" when she tried to draw a line under the snp's proposed timetable for another referendum. theresa may has been speaking in the last hour at the conservative spring conference in cardiff and reiterated that independence would be "bad for scotland, bad for the uk and bad for us all". our political correspondent iain watson has the latest. at the g conference it is hardly surprising the focus is on a second referendum on scottish independence. - it is westminster that take legally it is westminster that take the decision. here it feels like the the decision. here it feels likethe is already under way. campaign is already under way. members are delighted at the call for another vote within two years but pro—union campaigners do not wa nt but pro—union campaigners do not want it to happen at all. the snp deputy leader had a message for them deputy lea der hads:message:foftheml and the deputy lea der hada:message:fofthem! and

there are a number of things happening then, the dutch elections tomorrow, the scottish national partyonference on march 17 and the celebration of the anniversary of the eu founding treaty on march 25, which theresa may does not want to get in the way of. march 26 is a sunday, 31st parliament goes into recess. as you said, three's amazing she is expecting royal assent for her bill in the coming days which would form it into law and this bill is going through unchanged. with noing through amendments because the house of commons rejected the amendment proposed by the house of lords. ink: starting brexit talks june would allow the eu to move on from the potential banana skin that is different -- french residential election. the other constitutional headache that prime minister may faces is potentially another or noth referendum, because today in parliament, which he spoke in the house of commons, she almost dismissed the idea. -- when she spoke in the house of commons, she almost dismissed the idea. what we heard yesterday was from the first minister, saying she will next week asked permi

and did not rule out a preemptive strike. .eading to china tomorrow theresa may accuses the scottish national partyf the in -- of being obsessed of nationalist. the scottish party has total vision. the referendum would be bad for scotland and bad for the u.k.. the full process will be triggered in the next few weeks. powered by more than 2600 journalists and. over 120 countries. as we wait for angela merkel's news conference, let's bring in white house chief correspondent kevin's really. john emersonack who's in los angeles. i am told kevin is not ready by john emerson certainly is. you have just come back from germany. it you spent four years there. what is the sense of the german people. john: the thing that struck me one of the networks showed a poll that 88% of germans were favoring hillary clinton and 4% were favoring donald trump. the was at a time when support for the alternative for deutsche land, the anti-immigrant party was running 12% to 15%. of thoses two thirds supporters didn't necessarily support donald trump. there is a lot of concern in germany about this. numbers of probably gone

not a day for details and questions so will the the prime minister accept on behalf of the scottish national party and no doubt every member of this house our huge debt of gratitude to police and security staff. and does she agree with me that no terrorist outrage, no terrorist outrage is representive of any faith or of any faith community, and we recommit ourselves to strengthening the bonds of tolerance and understanding. >> here here. >> and finally, is it not best to follow thadvice of brendan cox, the husband of our murdered colleague who hasaid in the days to come i hope we will remember the love and bravery of the victim, not just the the hatred and cowardness of the attacker. >> may i thank the right honorable gentleman for his words. i think he is absolutely correct. now is the time for us to come together to promote those values of tolerance and understanding that he has referred to. to recognize that what motivates the terrorists is a warped ideology and a desire to destroy the values that we share and the values that we that underpins our democracy. the values of human rights, toleranc

him.nected to see as the spokesperson for the scottish national party, a long meeting with jean-claudenge in attitude towards scotland. people basically know that scotland is pro-european. >> what did he tell you about whether not scotland could join the euro? >> those are private discussions. we did not discuss scotland join the euro because we know the facts. sweden is in the european union but not in the euro. an rules are you got to be exchange mechanism for two years before you can even apply to join the euro. -- exchange rate mechanism that is why sweden is not in the euro and that would apply to scotland and nine other countries. >> you would not expect scotland at the join single currency? >> direct. >> full membership, transitional membership? a period where you are not a member of either union? >> the logic of having referendum on a timescale as outlined is you can compare the hard exit lands with what emerges as the perspective for scotland and europe. double-dip merge over the next few months. i expect negotiations will be a good deal easier than the negotiations of london

to want tos unlikely interfere with the dutch election or on march 15 when the scottish national party's conference next week in. claimedstate has is possibility for an attack at a hospital in afghanistan. more than 30 people killed and 50 wounded. the attackers reportedly wore medical uniforms. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. vonnie: thanks for that. coming up, we take a look at the $1 trillion plan and how digital can benefit from the push. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. time now for the business flash, it look at the business stories in the news right now. $100 million to invest in companies to mark international women's day. a capital fund will invest in firms focused on health, education, and environment. companies currently receive 3% of funding and yet recent data novembere of a perform 60% better. says toshiba shares are temporarily being held by others. that is up from 1.4 million in january. index funds would need to sell

is not a day for details questions so will the the prime minister accept on behalf of the scottish national party and no doubt every member of huge debt of questions so wile gratitude to police and security staff. and does she agree with me that no terrorist outrage, no terrorist outrage is representive of any faith or of any faith community, and we recommit huge debt of ourselves strengthening the bonds of tolerance and understanding. >> here here. >> and finally, is it not best to follow the advice of brendan our the husband of murdered colleague who has said in the days to come i hope we will remember the love and bravery of the victim, not just the the hatred and cowardness of the attacker. >> may i thank the right honorable gentleman for his words. i think he is absolutely correct. now is the time for us to come together to promote those values of tolerance and understanding that he has referred to. to recognize that what motivates the terrorists is a warped ideology and a desire to destroy the values that we share and the values that we that underpins our democracy. the values of human righ

the scottish national party argues the vote should be held between the autumn of 2018 and the springheresa may. "the nations of the uk will leave the eu together," she says, which means it is highly likely scotland will need to reapply for european membership if the nationalists can win the independence debate. let's speak to richard corbett. he is a labour mep and a member of the committee on constitutional affairs within the european parliament. would scotland have to reapply if they get independence, could they, as nicola sturgeon seems to be suggesting, carry on being a member? if they become an independent state, they would have to apply to become a member. ok, so supposing scotland gets its independence, wants to become a member again, gets its independence, wants to become a memberagain, and gets its independence, wants to become a member again, and they are on the road to access in, is full membership guaranteed, rather conditions attached to that? they would have to negotiate and reach an agreement on an accession treaty, which would have to be approved by the european parli

it's the first face—to—face meeting since the scottish national party demanded a new independence referendumarmed for a referendum on independence, so no handshakes, no press conferences, just a couple of souvenir photographs but neither woman looks like they are enjoying it. i start contrast, their first meeting eight months ago, then it was called a good working relationship. now nicola sturgeon says the pm has not listened to her in brexit, mrs may says she will reject any request for a vote on scottish independence. my position is not going to change, that now is not the time to be talking about a second independence referendum because it wouldn't be fair on the scottish people to ask them to make that decision when the facts aren't clear and also because now is the time when we need to pull together to make sure we get the best possible dealfor to make sure we get the best possible deal for the uk to make sure we get the best possible dealfor the uk including the people as scotland's. i'm told that the meeting was businesslike, cordial and probably the then kissed meeting yet. they were

as the spokesperson for the scottish national party, a long with a meeting with jean-claude yunker, ital difference in , attitude towards scotland, because people know scotland is basically pro-european. they are thoroughly exasperated with the government in london which is pursuing such a reckless brexit course. reporter: what did he tell you about whether not scotland could join the euro? >> did not actually discussed scotland joining the euro because we know facts or example, sweden is in the european union but not in the euro. no the rules are you got to be , an exchange mechanism for two years before you can even apply to join the euro. to begin the exchange rate mechanism is a voluntary act. that is why sweden is not in the euro, and that would apply to scotland as it applies to about nine other countries. reporter: so you would not expect scotland to join the single currency? >> correct. reporter: would it be full membership, transitional membership, would there be a period where you are not a member of either union? >> the logic of having a referendum on the timescale as outli

the deputy leader of the scottish national party has insisted there will be a second referendum on scottishrdeen, angus robertson said the prime minister was "panicking" when she tried to draw a line under the snp's proposed timetable theresa may spoke in the last hour at the conservative spring conference in cardiff — and reiterated that independence would be "bad for scotland, bad for the uk and bad for us all". our political correspondent iain watson has the latest. at the snp conference it is hardly surprising the focus is on a second referendum on scottish independence. we don't know when it will take place. legally it is westminster that take the decision. but here it feels like the campaign is already under way. vote within two years but pro—union campaigners do not want it to happen at all. the snp deputy leader had a message for them and the prime minister. people of this country will have their choice. they will not be denied their say. the stirrings of a standing ovation spurred him on. no uk prime minister should dare to stand in the way of scotland's democracy. the snp spring c

stephen gethins is the europe spokesperson for the scottish national party.ally want the big uk to get the best possible brexit deal, and let us remember that this is your biggest single market, surely you would hold off until this very complex negotiation has been completed? the scottish government has already proposed the best deal, to remain part of the european union, that is the best deal we have got. but the next best deal would have been to obtain membership of the single market and that is why the single market and that is why the scottish government proposed a compromise before christmas time to the uk government. we said, we will put to one side membership of the european union, even though we voted in favour of remaining, and we'd retain membership of the single market. that is the least worst option forjobs in the economy. and the least worst option for the uk as a whole. we try to help out the uk government compromise but they do not appear willing to take a compromise. the european union has signalled he would have to begin the process as a new

the scottish national party is edging toward a demand of a second independent referendum. us to our morning message. with a former u.k. chancellor about brings it. >> of course we're leaving the european union. we've got to accept that. the role of the lords is to try to do their best to procure for the nation the best deal. there are people who are definitely trying to scuttle the whole field by caring and amendment of this kind. i don't know what the government's priorities are except they recognize and i agree with this a different relationship on immigration with the european union. >> british law and british regulations are compliant with the eu. we can just replicate them and carry on. what's essential is changing them in the future. francine: let's bring back in mike from pimco. we had a conversation with these two lords. they were there for the debate. how do you see brexit playing out? there are so many unknowns. pmi was worse than expected. ise: i think the first angle we are aware of the view that it's going to be hard for them to do any kind of deal which invol

theresa may fighting a rear guard action against the scottish national party and first minister of scotlandut a safe place to land. it is against the will of scotland. scotland wishes are not being heard. scotland voted 62% to remain part of the european union. nicholas sturgeon will use this to hold a second independence referendum to separate scotland from the rest of britain. theresa may has vowed to stand again that. she will fight brexit to you night people of britain for a brighter future whether they are from the north, south, east or west, village, country side, she's getting a better future for all of them she says. >> should be a fascinating day there. i'm sure you'll check in with "new day" as well. >>> let's get a quick check on money stream. global markets holding on to gains. futures in the u.s. pretty much flat. keep an eye on the stock market in london today. it's ticking higher at this moment ahead of the official start of brexit. dow's losing streak is over. average up 151 point after eight down days the longest losing streak since 2011. we newed hopes for tax reform has i

as the first minister of scotland, i could not get to see -- as the leading member of the scottish national partyd a long meeting with jean-claude juncker. people across europe know that and are is pro-european totally exasperated with the government in london pursuing such a reckless brexit cause. guy: what did he tell you about whether or not scotland could join the euro? manusguest: these are private discussions. guy: but you discussed it? guest: we didn't discuss it much because these are facts. you have to be in the exchange rate mechanism for two years before you can apply to join the euro. the exchange rate mechanism is a voluntary act. that is why sweden is not on the euro. that would apply to scotland and nine other countries. guy: you would not expect scotland to join single currency? guest: correct. guy: would it be full membership? would it be transitional membership? could there be a period where you are not a member of either? thet: the logic of having referendum on the timescale that nicola sturgeon has outlined, you'll be able to compare the hard tory brexit plans, or whatever dea

the prime minister is unlikely to want to clash with the dutch election on march 15 or the scottish national party'sxt weekend. u.s. ambassador to the u.n. nikki haley says the u.s. has to seek what she says is positive action from north korea before he can begin discussions on ways to reduce tensions on the korean peninsula. that is an response to a call both nationsday to avoiding a head-on collision. the chinese want north korea to stop its nuclear activities and u.s. to suspend military drills with the south. ambassador haley says the exercises are defensive and have been held for 40 years. global news 24-hour today powered by more than 2600 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. joe: "what'd you miss?" of healthh and pull care legislation and broyles washington, d.c. -- and cofounder of motif investing and is seeing all the winners and losers in the health care debate in real-time. us, what is motif investing? how does it work? wealthwe are a digital company and what we do is build thematic models. the build them for goldman sachs and they put the

that the prime minister obviously faces as well is the need to navigate a request from the scottish national party another scottish referendum. it's something she has held off for now. i wonder, in the grand context, does scotland need the u.k. more or does great britain need scotland more? who has the power in this relationship? minister, all of us are strong supporters of the union between england, scotland, wales, and northern ireland, and we want it to continue. there has been a referendum on scottish membership of the union , on scottish independence, and there was a clear result, a clear and strong result in favor of the union. the prime minister said yesterday now is not the time for a second referendum on scottish independence, especially since -- especially since we are about to go into the negotiations on our future relationship with europe and, surely, we should settle that first, get the outcome of that first, before there is any consideration of this issue of scottish independence. scarlet: it might serve as a distraction. let's move on to the relationship between the u.s. and the u.k

it comes after the scottish national party leader nicolas sturgeon called for a new independence referendumme minister says the focus should now be on brexit negotiations. >> i say now is not the time and should be is, we negotiating with the eu to make sure we get the right deal across the whole of the united kingdom. in scotland and the whole of the u.k.. i think to look at this issue at this time the unfair. juliette: british officials have complained to the white house after pressure secretary sean spicer cited a fox news report saying barack obama had enlisted u.k. intelligence to spy on donald trump. after the briefing yesterday, the u.k. gc hq issued a dismissal of the reporting. the white house wouldn't concern whether the -- it was under consideration. opec and its allies may prolong production cuts after they expire in june if the world's crude inventories remain excessive worried that is according to saudi arabia's energy minister who spoke to bloomberg in washington. >> the sign is that in the stories -- in the stories are about the five-year average. the markets are still not c

the deputy leader of the scottish national party has insisted there will be a second referendum on scottishister was "panicking" when she tried to draw a line under the snp's proposed timetable theresa may spoke at the conservative spring conference in cardiff — and reiterated that independence would be "bad for scotland, bad for the uk and bad for us all". our political correspondent iain watson has the latest. the snp saying there will be a referendum, a second referendum on independence, but is there any shift in their position on the timetable for that? i think it is their hope and expectation that there will be a second referendum but that is not in their gift, legally, it is westminster to decide whether there will be a scottish independence referendum, but they want to get theresa may to enter into about the timing of the negotiations about the timing of the referendum. what has annoyed them is not her refusal to go along with their preferred timescale, which is autumn next year, until spring 2019, the fact she doesn't even want but the fact she doesn't even want to talk about the ti

not only are there the dutch elections tomorrow, but also a scottish national party conference later days. thendeed, i think about date that has been touted is that she will trigger it on march the 27th, which fits in her deadline like she laid out six months ago. but politics is moving quickly and once the starting gun is fired, how the talks go are of course contingent upon domestic politics in the u.k., with scotland particularly coming to mind. national elections in france, germany, and the netherlands, how they play out on the continent, it doesn't change how they believe the eu, but it just -- does change the context of negotiation. coming to a common position as to what their negotiating position is going to be. only in june or july will be see the beginning of the negotiations. very short timetable, they want to have a complete by october of 2018. of: the first minister scotland said she wanted to have another referendum on scotland leaving the u.k.. or 2019.e end of 2018 in theory that could even be before the brexit negotiations are done. is that a plausible timetable? and

we have dutch elections tomorrow, then march 17-18 the scottish national party congress, and a marchebrations in rome of the anniversary of the eu founding treaty. sunday, on the 31st, parliament is in recess, 27-30 aseaves march the most likely for triggering article 50. what we also heard today is the next step is the brexit built getting royal assent, very much a rubber stamp. the bill as passed through parliament. there were two and minutes which the house of commons overturned, so the brexit il is going forward. -- bill is going for it unchanged. vonnie: will she have full parliamentary backing now that lords withdrew those amendments? we did of course here some opposition, most notably from jeremy corbyn, the opposition , when theresa may it was speaking in the house of commons, but this is going to go ahead unchanged. it has been passed by law and we could get royal assent today. if we do, the speaker will announce that in the house of commons. the big uncertainty we heard about yesterday is the scottish first minister, nicola sturgeon, saying she will seek permission to hold

will the prime minister accept on behalf of the scottish national party and no doubt every member ofthe country safe. does she agree with me, no terrorist outrage is representative of any faith or of any faith community and we recommit ourselves to strengthening the bonds of tolerance and understanding? finally s it not best to follow the advice of brendan cox, the husband of our murdered mp colleaguejo cox, who has said in the days to come, i hope we will remember the love and bravery of the victim notjust hope we will remember the love and bravery of the victim not just the hatred and cowardice of the attacker. may i thank the right honourable gentleman for his words. he absolutely correct. now is a time for us to come together to promote those values of tolerance and understanding he has referred to. to recognise that what motivates the terrorist is a warped ideology and a desire to destroy the values that we share and the values that underpins our democracy. those values of the rule of law of human rights, of tolerance and understanding and democracy itself. we should be at one i

when we hear from him i would not be surprised if the scottish national party and others might challengety, where will they go when they come back to westminster after brexit. we might get some clarity and then we can gauge how far that might assuage opinion in scotland. it would ease the concerns within the scottish government to clearly take the view devolving back fisheries and agriculture is the bare minimum. it doesn't go anywhere near to meeting their demands. with might get a sense of what the government has in mind as an olive branch. 0k, mind as an olive branch. ok, norman, thank you. david davis still not in the commons. we will be back there as soon as the secretary of state for exiting be used and is up of state for exiting be used and is up and makes those comments. we will keep an eye on that as it gets underway in the next half an hour or so. underway in the next half an hour or so. you can send us your questions, we are going to do and other ask this session later. that is coming up this session later. that is coming up on that later this evening. i can't remember what ti

i'm ben brown in edinburgh, where the scottish national party warns theresa may not try to block theof england resigns after failing to reveal her brother's role at barclays. new york and newjersey declare states of emergency as a huge winter storm sweeps in.

first minister, the leader of a some out thomas government, rather than the leader of the scottish national partyer key policy is independence for scotland. she feels she has no choice other than to pursue this path. simon kennedy in london, how does this compromise theresa may or is this just a sideshow? simon: it is not a sideshow. it opens up another area of debate. the recent events, the tory rebellion that she could see today, that is going to look small fries compared to what she is up against when she takes on 27 leaders. to be flying to brussels and yet hearing warnings from the north the threerough that century union with england could be severed, it is another complication, another thing she has to juggle. as nicola sturgeon was speaking about, she has been destined prime minister travel to glasgow recently. this is another issue that she is going to have to juggle at a time when there are going to be multiple balls in the air. alix: simon, can we break down those balls for a second? what is the time went from now until the end of march for theresa may? simon: we have the nicola sturgeo

stewart hosie from the scottish national party is in our westminster studio. response to mr hammond's budget yesterday? i thought it was an awful budget and particularly absent of reference to brexit. a passing comment at the beginning of the budget statement. the idea that he has prepared the uk for the negotiations is absolutely laughable. what were you expecting? all of the warnings he has had, 10% loss in gdp, hundreds of thousands ofjobs not loss in gdp, hundreds of thousands of jobs not created, loss in gdp, hundreds of thousands ofjobs not created, gdp reduced with a reduction in migration, all of the warnings. we would have expected him yesterday, given it should have been the brexit budget, to prepare the ground, to spend the money he needed to spend to mitigate the consequences of brexit. that would have been the sensible thing to do, not sit on a war chest for the future and wait until the damage is done. instead he did none of these things. there was a specific level of funding for the scottish government, £350 million funding boost. what did you m

for this -- british prime minister theresa may is accusing the national party. the scottish party has tried to push a second vote on independence and set a referendum would a bad for scotland and bad for the u.k. she said the former brexit process would be triggered in the next two weeks. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i'm emma chandra. this is bloomberg. mark? mark: thank you. willdges up today and we discuss the key factors helping crew toward its first week the game this month. this is bloomberg. ♪ ♪ this is "bloomberg markets." from new york, i'm julie hyman. mark: and from london, i'm mark barton. it is time for futures and focus. oil ready for a weekly gain, the prime minister saying output cuts may be fitted beyond june. joining us is tim evans of longleaf trading group. 47. 42 was the close tuesday. are we going to break that barrier, or could be close below 50? what is more likely in the near term? : i do not see a whole lot more upside where we are currently trading. if you consider my baby