nicky morgan and the treasury select committee, that is why she has taken such an active interest inut it is definitely the case that party lines feels like a very old thing and even when you look in the commons chamber and people are sitting within their parties, there are sitting within their parties, there a re lots of sitting within their parties, there are lots of fractures that were not there previously. you have remain corners and leave corners. as an outsider, i would corners and leave corners. as an outsider, iwould not corners and leave corners. as an outsider, i would not know that. but lam sure outsider, i would not know that. but i am sure it is happening. and then the cross—party conversations that are happening. the treasury, ithink greg clark will continue to suggest that this was not the special deal, because there are grants and support is available to businesses that apply for them. but the fact that in 2016 at the time, on the bbc he refused six times to answer any questions about the detail as to what had been agreed with nissan, it kind of throws a straight ligh

he's been testifying in front of the treasury select committee with other boe officials.ating tensions for consumers and businesses. pound had been climbing all morning on two pieces of news from yesterday. one, the fact that jeremy corbyn is awaiting a second -- is avoiding a second referendum, while theresa may is meeting with her cabinet to discuss the possibility of extending the brexit date. tom: extraordinary news flow today in the united kingdom, and of course, also chairman powell testifying this morning as well. stay with us. this is "bloomberg surveillance ." alix: brexit overtime. theresa may will speak in parliament, where she will announce a brexit delay. neutral powell. chair jay powell the next to weigh in on the semiannual testimony to congress. the ftc is holding elon musk and contempt for violating a settlement when he was ordered to get approval for his tweets. david: welcome to "bloomberg daybreak" on this tuesday. is president trump going to hold janet yellen in contempt? alix: i've never heard of nx fed ex fed chair calling the sitting president stup

this hearing in front of the treasury select committee of the british parliament gave rise to an article in the guardian the daily accuse stuart gulliver of having a secret seven million dollar account at h.s.b.c. switzerland under the name of a panamanian company. i found out about it by reading the article in the papers like everyone else i contacted the president we expressed our concern about these accusations being made in the public domain. the board discussed it to our knowledge all necessary decisions were taken to the board and try to get off in boredom. after the article was published in the guardian interpol did ask the foundation in february twenty fifteen to dismiss stuart gulliver. but the c.e.o. of h.s.b.c. was not actually dismissed until eighteen months later after the research for this report was underway. or was then replaced by the man sitting next to him here douglas flint group chairman at the very same bank so that it could be it's a private entity that in itself has nothing to do with interpol yes it's the interpol foundation created to raise money for interpol. i

is what you should be watching, mark carney faces the treasury select committee, the boe's governor quizzinglikely to be focused on brexit and then at 3:00 p.m., jay powell gives his semiannual policy report to the senate banking committee in washington, the first of two days for the fed chief and he will be asked probably to pick sides between team master and team williams. spain goes to the polls on april 28 area that is after the socialists failed to pass their budget bill. what impact will the vote have on the spanish economy? guy johnson joins us from but dread -- from madrid. guy: thank you. the spanish economy obviously a big focus with the count down to that general election, we have no budget in spain, that did not pass and then sparked the election we will be having shortly. the minister of economy and business and joins us now. very nice to see you. so as matt was saying, we have an election coming up, we do not have a budget in spain at the toent, you were not able pass one, what effect is this expected to have on the economy? nadia: the spanish economy has performance,nding with

mark carney faces the treasury select committee. the boe governor's his likely focus on brexit.ond referendum. those are the debates and issues. powell gets his semiannual monetary policy report to the senate banking committee. the first of two days on capitol fed appearances for the chief. what would you say about the tolerance for inflation? and the chinese bull market is back. the index is fluctuating. again follow president trump's in theement of a delay tariff deadline and the possibility of a new deal. with today's stall, who has been buying? dani burger has a look under the hood of the market. good morning. contours ofg by the this rally, it does seem it has been driven by speculative flows. have a lot ofe mainland buyers. we can tell that because the gains really stay confined to the chinese markets. i have correlation with the hang seng. it drops off yesterday. since 2016.drop we are more likely to see some versus global asset managers that might sort of stick around and sustain the rally. in fact, already seeing some weakness on the csi 300 today. open interest on the