it was the labour party. >> mr. speaker cummings excuse the nhs has gone to the worst crisis in its history. 3 billion pounds is wasted on a top-down organization that nobody wanted them yesterday at the select committee, simon stephens made it very clear he doesn't believe nhs has enough money to get through the crisis it's facing. can i offer an analysis of medicare quality commission which seem to have quite a good grasp of what's going on. they say the cuts that add up social care and '-backquote translating to increased actions and emergency attendances, emergency admissions and delays to people leaving hospital which in turn is affecting the ability of a growing number to meet their performance and financial targets. though the prime minister addressed the reckless and adult social care has been made by her predecessor? >> the right honorable gentleman chief executive at the time of the statement last november, he said our case has been heard and actively reported. the right honorable gentleman raises the whole

central toas been the labour party and our movement. some people have said campaign and progress do not change things. the families have shown how wrong that is. it has taken 27 years but those families as shown with great courage and dignity, finally there is justice. i want to pay tribute for all the families and campaigners with their commitment and love. thank you. we must learn from them and we promise that those campaigning for justice, that thousands of workers blacklisted for being trading errors, we will support your battle for truce and justice. when we return, you will have the. because winning justice for all and changing society for the benefit of all is the heart of what labor is about. yes, our party is about campaigning and it is about protest as well, but most of all, it is our. local and national government. our country desperately needs it. the central task must be to .ebuild support powerful change and britain with the benefit of working people. this todayf us in would know we only get to we work together and it is fa

it was the labour party. >> mr. speaker cummings excuse the nhs has gone to the worst crisis in its history. 3 billion pounds is wasted on a top-down organization that nobody wanted them yesterday at the select committee, simon stephens made it very clear he doesn't believe nhs has enough money to get through the crisis it's facing. can i offer an analysis of medicare quality commission which seem to have quite a good grasp of what's going on. they say the cuts that add up social care and '-backquote translating to increased actions and emergency attendances, emergency admissions and delays to people leaving hospital which in turn is affecting the ability of a growing number to meet their performance and financial targets. though the prime minister addressed the reckless and adult social care has been made by her predecessor? >> the right honorable gentleman chief executive at the time of the statement last november, he said our case has been heard and actively reported. the right honorable gentleman raises the whole

i have to say to her, i would've thought the labour mps would've learned this lesson. you can ask the same question again. you'll still get the answer you don't want. [shouting] >> thank you, mr. speaker. despite several rounds of european votes in senate, the college economy continues to lack around 30% below the u.k. average. does the prime minister agree with me that brexit provided the opportunity to develop their own economic program that will be less bureaucratic, more targeted and offer better value for money for the tax they are good though she confirmed her government will continue to invest in poor regions of our country once we leave? >> i think the honorable friend and i can't give him that assurance. we have a say in our party that i've been saying since i became prime minister that we want an economy that works for everyone in loong -- we've already negotiated in 2015 that will demonstrate i think that we recognize the challenges that we are open to further discussions on ways in which we can improve economy for the future. >> the european commission again

i have to say to her, i would've thought the labour mps would've learned this lesson. you can ask the same question again. you'll still get the answer you don't want. [shouting] >> thank you, mr. speaker. despite several rounds of european votes in senate, the college economy continues to lack around 30% below the u.k. average. does the prime minister agree with me that brexit provided the opportunity to develop their own economic program that will be less bureaucratic, more targeted and offer better value for money for the tax they are good though she confirmed her government will continue to invest in poor regions of our country once we leave? >> i think the honorable friend and i can't give him that assurance. we have a say in our party that i've been saying since i became prime minister that we want an economy that works for everyone in looting -- we've already negotiated in 2015 that will demonstrate i think that we recognize the challenges that we are open to further discussions on ways in which we can improve economy for the future. >> the european commission aga

i want this country to be a global leader in free trade, the labour party is against free trade. i want to introduce control on free movement so that we have end on free movement. i want to deliver on the will of the british people. he's trying to frustrate the will of the british people. >> mr. speaker, there was no answer on the board which was the question and on monday, mr. speaker, the prime minister told the house and i quote, we have a plan which is not to set out at every stage of the negotiation the details, i mean, thinking about this for a couple of days, mr. speaker, and i think -- i think when you're searching for the real meaning and the importance behind the prime minister's statement, you have to consult the great philosophers. can only one i can come up with -- [shouting] >> calm yourself. you're impairing your own health, man, which is a great concern with me. >> cutting plan is to have in plan. [laughter] [shouting] >> brexit was apparently about taking back control but governments don't know the plan. businesses don't know the plan. parliament doesn't know the

i want this country to be a global leader in free trade, the labour party is against free trade. want to introduce control on free movement so that we have end on free movement. i want to deliver on the will of the british people. he's trying to frustrate the will of the british people. >> mr. speaker, there was no answer on the board which was the question and on monday, mr. speaker, the prime minister told the house and i quote, we have a plan which is not to set out at every stage of the negotiation the details, i mean, thinking about this for a couple of days, mr. speaker, and i think -- i think when you're searching for the real meaning and the importance behind the prime minister's statement, you have to consult the great philosophers. can only one i can come up with -- [shouting] >> calm yourself. you're impairing your own health, man, which is a great concern with me. >> cutting plan is to have in plan. [laughter] [shouting] >> brexit was apparently about taking back control but governments don't know the plan. businesses don't know the plan. parliament doesn't know the pl

the u.s. and china. a labour government will bring research and government up to 3% of gdp. [ applause ] >>> yesterday rebecca long-bailey set out the terms of our industrial strategy review. we need an economy that works for every part of this country. so that no community is left behind. and today i'm asking everyone, businesses, academics, workers, trade unions and anyone who cares about our future prosperity to have a say in that review. we are a wealthy country and not just in terms of money. we are rich in talent, rich in potential. that's why we've proposed a comprehensive national education service at the heart of our program for government to deliver high quality education for all throughout our lives. [ applause ] >> education has always been a core labour value, from the time of ellen wilkinson the mp for jarrow and education minister and before that and a national education service will be an essential part of the 21st century welfare state. in a rapidly changing economy people need to retrain or upgr

the way of ambition. [applause] minister sturgeon: friends, labour may have thrown in the towel, but let me make this snp will never a right-winge government undermines the very fabric of our society. [applause] atister sturgeon: westminster, we will continue to provide the strong opposition that labour is failing to deliver. in recent months, it has not been labour asking the hard questions about our place in the single market and the jobs that depend on it. it has been our westminster robinson. [applause] minister sturgeon: just as it them making the case against the them a rowdy of denying tax credits to women unless they can prove they had been raped. in blackford, standing against the deportation -- women, for up for and data havets been waiting for their entire life. [applause] snp isr sturgeon: the not just the real opposition to the people at westminster. -- snp is the only affection only effective opposition. [applause] our job aturgeon: westminster is to provide the strong opposition that is so desperately needed, not just in scotland, but right across the u.k. our job is to use our powers to b

she has tried to's seize the opportunity when the main opposition, the labour party, is in disarray. she quite blatantly tried to steal some of their most popular lines. line she has been pursuing since she became prime minister and it links in very much to the brexit vote. she has interpreted the brexit vote as being a more general protest. you heard it in the clip there. if we had listened to people who feel they are being ignored, then maybe we would never have taken that step , we would never have voted for brexit, that somehow it's a much more general problem and as we be again -- begin to sort the problem, then maybe sometime down the line, somebody who has reached out to that kind of constituency in the country might just be in a position to say that actually, >> it is too difficult and let's have another doesendum or a deal that satisfy the more hardline brexit people. >> a quick reminder of the headlines, the bahamas and florida are bracing themselves for hurricane matthew. the strongest storm in a decade is barreling on after wreaking devastation in haiti. aid and a call for

not this party but the labour party. pplause] the only party to ever cut , buting is not this party the labour party. that is what they do in wales. at the last election it was not the labour party that pledge to asked to meet the five-year plan, it was this party,the conservative investing in a strict billion more than it nhs, asked for. this year more patients are , more operations are being carried out by more doctors and nurses than ever before. tribute to everyone who works in the nhs, but also man, jeremy hunt, one of -- most passionate [applause] jeremy is one of the most passionate advocates for nurses, and doctors, then we have ever known. let's have -- they have a compassion. [applause] let's put an end to their sanctimonious pretence of moral superiority. [applause] let's make clear that they have given up the right to call themselves the party of the nhs, the party of the workers, the party of public servants. they gave up that right when they adopted the politics of division. when their extreme ideological fi

the labour party send their conference they would ban it, if they were in power. us a look at the markets now. ring of the risk radar. manus: risk radar says msci, on the bottom of the screen, of one half of 1%. the bottom line is that -- by the way, the job on the services number, of 5.7 months. that is driving stocks all about the economy. if the u.s. a strong commitment and whether a 25 basis point hike, everything should be granted as they say. anna: some conversations on the asian session saying it is yena and oil. we are fairly flat, talking a lot about where that particular trait is going. crude down by half a percent, but as you pointed out, goldman sachs has interesting note out sing the global glut remains in 2017.but they say prices stalled at around $55. sticking with oil. manus: absolutely, $50 after crude stockpiles dropped. the nuance of oil that nobody has, it is yousef gamal el-din with a chart of the hour in dubai. good morning. yousef: good to see you. the reality is i stayed up very late for these inventories to come out, and they came with a su

the new spokesman for brexit in the labour party, bridge people vote for brexit, but what they , theyotor give her a mandate to negotiate a way out. it is unlikely to actually stop brexit. vonnie: the de facto official opposition to the policies, it is not quite clear there is a working opposition. what will parliament decide to do if parliament gets a vote? is more weather how binding the vote will be parent wanting minister a clear is theresa may will not give whether a any say treaty should or should not be triggered. it is a mechanism by which we and theresa may is holding fast to the notion that she has the right to start her talks and nobody else does. tomorrow, a legal challenge for stocks. vonnie: what is the hope for that challenge to have any impact? >> it can throw sand in the wheels is basically what it can do. it is an issue that goes to the house of laws. it can make for an attractive -- protracted debate. the.e will look closely at people should not put too much stock in it here the should not necessarily be a surge in the pound if the court does side may toe people to

this as the opposition of the labour party says that they would ban fracking. thank you for that. opec agreed last week to cut output. the question now is how to do it. we have our energy markets guru joining us. what is going to happen in istanbul next week, and what can we expect out of the meeting? >> this looks like another global energy organization in meeting that is when you get hijacked by opec, talking about the production cuts and how to get the market back on track. opec, as you said, agreed on their cuts. they are going to talk about trying to get russia on board and make some cuts there. the venezuelan minister announced the russians would be meeting with them next week. said that they might be looking for about 1.2 million barrels to come off the market, so that would indicate they are expecting a good chunk to come from russia. .ngie: all right who is going to be taking oil production off the market and who will be taking the brunt of the cut? a lot of people, saudi arabia? >> saudi arabia, being the biggest producer would have to take the bigges

enter the negotiations themselves but with those organizations that do have a more direct goal with the labourdards conversation. and with those economists to work together and with the studies and the date that trade is not lead to a race to the bottom of labor standards in the developing countries. and but not to be directly involved in that conversation. >> host: back to china some believe the military action in the south china sea with international trade in that region? >> that is a very direct revision ship between the two i think trade in general of a stable economic environment. for with the economic environment in a region or a country the better it is for the economy and investors and consumers and trade and general. that is the most like can say for and its relationship with trade. >> as a question from the audience with the sanctions from russia with the back-and-forth sanctions with agriculture between the e.u. and u.s. and russia with wto does that threaten those trade deals? >> they do have conversations about these. it is brought to detention of the general counsel affecting th

for the divided discredited labour party that i jeremy corbin has begun britain on the world stage and sound policies that could hurt the poorest and most most. the answer is clear. only with theresa may and the conservatives can receive the opportunity and build our country for working people and a better world for us all. thank you. [applause] ♪ >> i've been out -- asked to introduce a mineral looking forward to hearing. i heard them a few weeks ago. he spent the morning in italy, the afternoon in drama before coming to sa new york. the constitution and stamina demonstrated bad well, i expect i may be needed in the coming months and years. and it gives me there for a great pleasure to introduce the last speaker for it today to our new foreign secretary, transcending johnson. [applause] >> thank you very much. [applause] >> thanks, everybody. the other day i was at the u.n. general assembly in new york and i was talking to the foreign minister of the country. my repi the diplomacy. they have an economy toralia australia, plenty of snow, nuclear missiles, oligarchs, you can picture. af

the labour party wants to continue with free movement. i went to deliver on the will of the british people. he has tried to frustrate the will of the british people.an >> mr. speaker, there was no answer on the border, which was a question and on monday, mr. speaker, the prime minister told the house and i quote we have a plan which is not to set out at every stage of the negotiation the details. i've been thinking about this for a couple of days, mr. speaker. i think when you are searching for the real meaning and importance behind the prime minister's statement you have to consult the great philosophersh. took the only one i can come up with-- [shouting] >> , your self. calm yourself.ch is a gr >> who says our cunning plan is to have no plan. brexit was apparently about taking back control, but that you thought governments don't know the plan. businesses don't know the plan. a parliament doesn't know the plan.. when will the prime minister abandoned the brexit and develop a plan that delivers for the whole country?ghter] [shouting]>> i >

the labour party, lawmakers say they support gay marriage but a vote would trigger a decisive debate so instead they want parliament to decide the issue. >> a florida girl at the center of an amber alert has been found safe in tennessee. four-year-old rebecca lewis was abducted saturday allegedly by a family friend, wes a security guard at a memphis hospital spotted the two, and called police. it's unclear why hogs took the girl. no matter the politics there is no doubt this man has become a star of the presidential debate. ken bones, that's his name and after asking his question on sunday he instantly became a social media sensation. the #kenbones was trending to talk about his new-found fame. >> do you have any idea of how adorable you are first he want to say? >> that's a definitive yes. >> did you know your fans are calling themselves bone-heads? >> that's fantastic. i've been calling my family that for years. >> believe it or not he's also inspiring fashion, the red sweater he's wearing in high demand, and in fact, it sold out this morning. sold out. >> i love i too. he was going

johnathan: if youant to see a party that is not unified, look at the labour party. ayer of complexity. it's anybody talking about a mandate, looking at the polls there is a message there. go out and get it. john: it's true that the labour party has had a lack of unity over the last 18 months. it's important to bear in mind the last week we have seen signs of the opposition doing what british oppositions do and, with the issue. there is some staggering going on there. majority,rness of her it's only 17 mps. there's chatter that more than a 0% chance she could go and call a snap election early next year. that would give her an opposition to increase her majority and allow her to shut down some of the murmurings of discontent we are starting to hear coming from her own party. david: thank you so much. he is the bloomberg editor of international government. felix.joined by he is the ceo of asset management. in asset long career management. pick up right with that. there is a fair amount of confusion. it takes a long time to figure what the position is at a lot of contrad

the area. they want to build a large film studio. dagenham council leader and labourember darren rodwell is pushing the initiative. he grew up here. he, too, is from a working-class home. and says romanticising the past won't work. >> what i want to do is keep those people thinking outside the box, but keep them in the borough. thats why we are now talking about films not fords. >> the plan is to build a film studio and workspaces for artists. tracey now works in the new community centre. >> can you sew that now? >> she's good with her hands and helps artist chad mccail who wants to adapt an english fairy tale into a puppet show. >> i want them to enjoy the experience of making to find out how their hands can be employed in a way that brings pleasure to other people. >> things a looking up in dagenham. london's mayor sadiq khan has come to see for himself. darren rodwell is showing him around. tracey would like to tell sadiq khan what dagenham needs most urgently. but he's got no time to talk. >>'s you guys. cheers, thank you very much. >> a dissapointment for tracey

i noticed at the weekend his shadow foreign secretary once again refused to say what the labour party's position on free movement was and whether they would bring an end to it and he talked about indecision. i have to say he couldn't decide whether we should be in or out of the european union. he couldn't decide when we should be invoking article 50. the only thing we do know is he would have unfittered immigration into this country, the very thing the british people told us they don't want. unlike him, the conservative party is listening to the british people. >> sir william cash. >> in congratulating my right honorable friend on her principled stand in implementing the verdict of the british people do r despite the doom and gloom that pours out of parts of the media, is my right on rabble friend aware that last week the chairman of the committee of the budgets for the european parliament stated the eu is too intrusive, breaks its own rule, members don't trust one another and leads, as he put it, an electric shock. does my right honorable agree therefore that the eu itself is in deep t

emerge in a neustar the brexit spokesman labour party. t the end of march she will invoke -- try to maintain -- they return to power for parliament. plc. beginning to feel the brexit chill? >> absolutely. a wave of stories overnight. one that has captured social media attention was marmite. hellmann's mayonnaise, ben & jerry's no longer on the shelves. the reason according to reports is a spat with unilever's stockist. .n issue in the pound the cost of product. sports direct among those complaining about fx losses. hedge losses. is the cost -- as the cost of hedging increases, are you taking a profit? >> absolutely. mark: theresa may has been busy lately. >> nearly her 10th foreign city she has visited since becoming prime minister. the message people will be spain, europehere stand on freedom of movement and the right of citizens in each country. theresa may has said she expects to be able to protect the rights of citizens. the sames looking for assurances -- a lot of ex looking at meetings today as a sign they are ok. mark: it is a trend

including the position, this idea that immigration needs to central.d is very the fight within the labourty was on the idea that even labor has to be tough on immigration which doesn't help to move into a soft brexit and help bring in the u.k. closer to single market membership. i would be very prudent on the news that we have. simon, of big notion, cherry picking? we heard eu ministers in luxembourg. it seems to be such a prospect. simon: if you look at the consensus in the house, there is also consensus in europe. i have hardly ever seen europe united on such an issue. they have always been she's a great -- been shades of gray. picking, freedom of movement. every day a new one comes out. is it a negotiating position? yesterday telling us it was not. mark: simon, great to see you. moec, thank you for joining us. stay with us could ecb taper talk causing brief market turmoil last week. we'll next week's meeting by clarity on the timeline for winding down stimulus. this is bloomberg. ♪ mark: i am mark barton in london. the ecb meets next week as pressure mounts and details on the winding d

how will the labour and conservative go at it as they try to get the power or the discussion away from will have a debate, and then we'll say what the advantages and disadvantages are trying to stay in the single market or the customs union and push the negotiating that has already been express toward a softer run.3 then they will take a vote on it. it is not yet clear to me because i have not gone into parliament today whether this is something that would go from the normal way to the common law or just the comments. the argument being used in the area where the royal prerogative has been exercised in the past, like whether we go to war, has already gone through a vote in the house of commons in recent times. this is the biggest thing that faces the united kingdom. >> why should not -- why should that not go to the house to get its approval? fixed that was sharon bowles. >> markets are up and earnings are down. how worried should we be about that situation? a chart you don't want to miss. this is bloomberg. ♪ matt: this is bloomberg "markets." a gorgeous wednesday in new york. oliver:

i notice his shadow foreign secretary once again refused to say what the labour party on freeion -- positionovement was and whether they would bring an end to it. i have to say to the leader of the opposition -- he could not decide whether we should be in or out of the european union. he could not decide when we should be invoking article 50. the only thing we know about his position is he would have unfettered immigration into this country, the very thing the british people have told us they don't want. unlike him, the conservative party is listening to the british people. >> sir william cap. -- sir william katt. katt: i am congratulating my right honorable friend on implementing the verdict of the british people, despite the doom and gloom on the part of the media -- is my right arm will friend aware that the budget for says theean parliament eu is too intrusive, is members do not trust one another, and it needs an electric shock? does my right honorable agree therefore the eu is itself in trouble? they know it and the british people got it right. well, inister may: think one of the challe

a lot of the labour party issues , those things are going to be a tough one for her to negotiate outk we are going to see a softening of economic data next year. we will wait for the gdp numbers for this quarter to see what is the hard-hit, not just the pma -- pmi and servi -- survey numbers. jonathan: next up on this program, we look ahead to third-quarter earnings which kick off today. the season could be a good one. details are next. ♪ alix: this is bloomberg, i'm alix steel. we get u.s. elections and we get earning season in the u.s. take a look at where we are and where we are expected to go. that is the year on year growth for 2016. that is 13% growth from where we are now. can we actually get there? back with us now is the j.p. morgan asset management global market strategist. do the two lines converge? >> i think it is going to be tough for them to converge quickly. keep reason being there are two macro forces supporting u.s. earnings. those are the higher oil price, much better for oil companies the need to make revenues, as well as a more stable or at least range around u.s

the house of commons approved and opposition labour party motion, but the vote does not give mps the vote on brexit negotiating tactics. theresa may says she will trigger article 50 and start the process by the end of march. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. haidi: thanks. the next couple of hours will bring us another state of the chinese economy. rishaad: tom mackenzie is all over this. what are we looking at? overall trade surplus is expected at $53 billion for china in september versus $62 billion in august. we have a chart that breaks down the imports and exports over the long term in china. ,f you focus towards the end you saw some really big numbers in 2009 and 2010, then it came off. and 2015.ly in 2014 today,g it back to exports are seen to fall 3.3 percent in september on a year on year basis. that compares to a drop of 2.8 percent in august. imports are rising around 0.6% in september year on year, compared to a rise of 1.5% last month. that is in u.s. dollar terms. in yuan terms, a

mayokeswoman for theresa fired back saying that the question of independence had been settled in 2014. u.k. lawmakers approved an opposition labourty motion calling on the government to give parliament the right to examine its negotiating strategy. the decision does not give members of parliament the right to vote on the government's negotiating strategy. consideringrt is whether theresa may is allowed to activate -- without parliament approval. it would force the issue into the house of commons and the house of lord and delay the exit for a year. unilever and tesco result a the retailers online website. a window on pricing negotiations between supermarkets and vendors following the weakening of the pound. the bank of england said it has more than 1 billion pounds of corporate bonds. purchases started on september 27. the bank of england already spent 10% of the budget and it tends to last 18 months as it tries to hold down corporate lowering -- borrowing costs. this is bloomberg. anna: thank you very much. breaking news. while we were speaking to the bank ofron, england and the survey said that mortgage demand fell significantly

the bureau of labour statistics reported in 2015 there are over 1 million sick 30 guards in the us. 151,000 of whom work in california. everyday security guards worked to protect our communities & businesses. it is a growing and diverse job industry. african-americans are 11% of suit san francisco's workforce but up 25% of the city's security guards. unfortunately without a prevailing wage this workers have been vulnerable. while many unionize should 30 workers make in excess of the $60 master contracts with the city awaits that includes healthcare and paid sick days, non-unionized security guards contacted the city received only $13.34 per hour. for the minimum conversation ordinance which is below the nationally hourly wage of $50.34. a nonunion sick 30 guards not received paid sick days and do not receive healthcare. there's no protection against having their wages cut in order to win the city contractor no security for their family were themselves should they fall ill. setting a prevailing wage will prove quality of service as was the quality of life of our security workers by ensuring

the bureau of labour statistics reported in 2015 there are over 1 million sick 30 guards in the us. 151,000 of whom work in california. everyday security guards worked to protect our communities & businesses. it is a growing and diverse job industry. african-americans are 11% of suit san francisco's workforce but up 25% of the city's security guards. unfortunately without a prevailing wage this workers have been vulnerable. while many unionize should 30 workers make in excess of the $60 master contracts with the city awaits that includes healthcare and paid sick days, non-unionized security guards contacted the city received only $13.34 per hour. for the minimum conversation ordinance which is below the nationally hourly wage of $50.34. a nonunion sick 30 guards not received paid sick days and do not receive healthcare. there's no protection against having their wages cut in order to win the city contractor no security for their family were themselves should they fall ill. setting a prevailing wage will prove quality of service as was the quality of life of our security workers by ensuring

the bureau of labour statistics reported in 2015 there are over 1 million sick 30 guards in the us. 151,000 of whom work in california. everyday security guards worked to protect our communities & businesses. it is a growing and diverse job industry. african-americans are 11% of suit san francisco's workforce but up 25% of the city's security guards. unfortunately without a prevailing wage this workers have been vulnerable. while many unionize should 30 workers make in excess of the $60 master contracts with the city awaits that includes healthcare and paid sick days, non-unionized security guards contacted the city received only $13.34 per hour. for the minimum conversation ordinance which is below the nationally hourly wage of $50.34. a nonunion sick 30 guards not received paid sick days and do not receive healthcare. there's no protection against having their wages cut in order to win the city contractor no security for their family were themselves should they fall ill. setting a prevailing wage will prove quality of service as was the quality of life of our security workers by ensuring

tom: in terms of developing infrastructure, help me with how labour gets together with the conservativerport expansion everywhere in the world. some of the constituencies close to heat through -- heathrow are labour-controlled, and some are conservative-control. and they are against expansion. by think everyone agrees something has to be -- but i think everyone agrees something has to be done. tom: john mills, thank you for the update. he is the chairman of jml. coming up on bloomberg radio and bloomberg television, this is a well-timed interview. the secretary of homeland security, michael chertoff worldwide today. this is bloomberg. ♪ ♪ anna: i am anna edwards in london with tom keene in new york. oil is around $50 per barrel. the opec january -- the opec secretary -- tracy alloway is here to talk about opec's planned cuts. how significant is what you rock saying about their commitment to the production deal? they do not agree with opec on how much they are producing, let alone how much the cut should be. >> we know there are all sorts doubts, and, cynicism about whether or not opec c

the bureau of labour statistics reported in 2015 there are over 1 million sick 30 guards in the us. 151,000 of whom work in california. everyday security guards worked to protect our communities & businesses. it is a growing and diverse job industry. african-americans are 11% of suit san francisco's workforce but up 25% of the city's security guards. unfortunately without a prevailing wage this workers have been vulnerable. while many unionize should 30 workers make in excess of the $60 master contracts with the city awaits that includes healthcare and paid sick days, non-unionized security guards contacted the city received only $13.34 per hour. for the minimum conversation ordinance which is below the nationally hourly wage of $50.34. a nonunion sick 30 guards not received paid sick days and do not receive healthcare. there's no protection against having their wages cut in order to win the city contractor no security for their family were themselves should they fall ill. setting a prevailing wage will prove quality of service as was the quality of life of our security workers by ensuring

people with knowledge of the matter say deutsche bank is poised to reach an agreement with labour representatives this week that will pave the way for german lender to eliminate 1,000 jobs as part of the cost year.announced last and henderson group agreed to capital group creating a money manager as both companies seek to revise asset profit.nd henner son shares surged the most in seven years. combined firm will have a market value of at least $6 billion. know at at you need to this hour. john, that merger speaks to a maker issue of how you can money this this environment. >> let's get on the board. futures flat. dow futures positive 1%. nowhere.es going ftse climbing to a 15, 16 month high. here is your why. switch up the board. comes from the fx market. pound.er cable rate drops towards the low we have not seen since the mid 80s down by 3/4 of 1%. just two opposing forces colliding. economic data is okay. the manufacturing data strongest since 2014. politics is what dominates this trade as prime minister may said trigger article 50 by the end of the first quarter next year. bond market yield cr

the doj. but it also may have an agreement with labour representatives that will pave eliminating about 1,000 its home market. that's according to people with the merger. we're here with the former rothchild and jane foley. staying with for us. how do you view the europian banking sector? wo months ago folks were on italian banks, it was the end of the world. banks, focus on german now it's the end of the world there. >> i think there is a common europian all the sector. they have a problem related to the past and a probe related to the future. past i would say the nonperforming loans which are seven or eight years of cries in italy. all the fines. is the case of deutsche bank, of course. but i have read somewhere that english banks have been fined 52 billion in the last ten years. so big problem. so we have a problem with the past. have a problem with the future. understoodody really certainly how a commercial bank would be making money in a world which regulations are getting tougher every day. getting higher every day. or interest rates are low even negative. even the of that, management te

jeremy hunt, who is the most passionate -- [ applause ] >> for patients doctors nurses and others that work in our health service than i have ever known. so let's have no more of labour'surd belief that they have a monopoly on compassion. >> let's put an end to the pretense of moral superiority. let's make clear they have given up the right to call themselves the party of the nhs and the party of the workers and party of public servants. they gave up that right when they adopted the politics of division. when their ideological fixations lead them to stop listening to the country. and we the conservative party truly are the party of the workers. the party of public servants. the party of the nhs. >> because we believe in public service. we believe in investing and supporting the institutions that make our country great. we believe in the good that government can do. government cannot stand aside when it sees social in justice and unfairness. if we want to make sure that britain is a country that works for everyone, government has to act to make sure opportunity is shared. and i want us to be a country where it doesn't matter where you are born and who your parents are a

the u.k. it's a british, conservative government or labour, here in america whether it's republicans or democratsto change. and with brexit they finally expressed that rage that you described and said we've had enough, and we're just going to go for it. and the similar sentiment seems to be going on here and as well you've got this complete unity really amongst the political and media establishment that does this kind of moral shaming that says that in the brexit context the if you support brexit, then you're some kind of xenophobe, a racist, all that -- neil: right, i remember. >> and here in america it's really summed up by hillary clinton's list of deplorables. and that does mean that there are a lot of people who just don't want to admit that they're going to support trump here. but i don't think that the trump campaign would be wise to rely on that, to count on that happening. it's not a substitute for what they really should be doing now which is going out there and making those economic arguments. because that is the real reason they'll win or lose, is whether people really believe they're

the party i put greater privatization and his labour party. >> 12 months ago i went to this stage. >> thank you, mr. speaker. i have to say a very positive position at the moment. i'm pleased to say since 210,200,000 where people are upward. i saw the strength of the economy when i was in burning last week. retaining the demolition to an election of a man and i have to say that this business experience would be a very good where for the west midlands. >> on the subject of the nhs, 18 months ago my wonderful doctor suggested i have a general phone and check out. it is just as well but i did because the blood tests revealed that there could have been and was a problem with my despite the fact that i was symptom-free. i was immediately referred to the queen elizabeth hospital in irving had which was simply wonderful. after a period of surveillance that have back in june. but hey, i now find. i want to thank the whole team at the kiwi including my surgeon and maximum specialist richard glad to who gave me advice. but in the next 10 years there will be a real shortage of specialists and ur