new wind that people will have a renewed sense of excitement and support for the monarchy in the u k. well that is what i asked people here and the number of them said look the situation we have at the moment with rex it was a constant a political dilemma in westminster and finally we have some good news coming from the u.k. finally we have something which we can just enjoy where we have a relatively normal couple or let's say a couple that many people can relate to that particular woman that has been divorced a woman that has a mixed racial background these are all things that a lot of people here can relate to a poll of people said this is an important for us we feel more represented by a couple that is is normal and since this is not a state wedding date has this touch where people can relate to and that is finally something that people have embraced and now look very much forward to of course waiting for that big moment when they step out of the church all right gary reporting from windsor many thanks indeed. well turning now to some other news and cuba which has begun two days of mour

if you look at the u k, for example, you had online banking and higher take-up -- >> didn't go well ae of weekends ago, but -- >> let me draw a parallel between carmakers and banks. sergio marchionne has made the point that carmakers are investing billions of dollars a month to create technologies that allow autonomous driving. to deal with this shared economy. he has always made the point they need to put their costs together. could the banks do that with technology spending, with back office? could you imagine european banks putting together their back-office costs? joo-yung: i think u.s. banks have already started to do that. definitely more coordination between the banks in terms of realizing there are certain costs where it makes sense for the industry to be thinkting adnd i particularly where it comes to cybersecurity, that is an area where we have seen banks cooperating with each other because it doesn't help any of the banks if one of them suffers when it comes to cyber breach because it paints them all -- ta in them all. to see more cooperation. likewise with payments. paymen

u k. what's the biggest we can expect from the man the president has chosen to be the next prime minister? he is a wellnown reasonable man. what i think everybody is concerned about is what happens after. he is now drawing up a list of ministers. that will be interesting. we will see who he picks and if that takes some of the wind out of the five star and the league right now. who are very angry because they feel they've been duped that somehow voters did not get what they wanted and what they asked for. they weren't able to form the government. the government will be sworn in in the last resort of confidence. if he gets it, he said he will shoot for elections in the early 2019, but is more likely won't get the vote of confidence because the parties are so angry and that means collections very soon, likely september. mark: if we get them in september, what are the polls telling us? who is benefiting most from this italian political chaos? that is really hard to tell now. what we can see is this seems to be where we are already in campaign mode. the dusk of populist leaders have been very furious agains

bank holiday in the u k no trading in the u.s. as well because of memorial day.2:00 p.m. in london, 3:00 p.m. in frankfurt and 9:00 in hong kong. welcome to "bloomberg markets." ♪ caroline: here are the top stories we are covering from the bloomberg and around the world. a possible new prime minister. in spain, prime minister mariano faces a no-confidence vote this week. we will look at the investment implications. we will look at where oil prices are headed as there are fines from -- signs from saudi arabia that output could rise soon. let's get a check on the markets. bank.k. close, it is a holiday. we are seeing volume higher than the three-month average on the stoxx 600. off by .4%. currently having the worst trading day since may 24. germany down by 7/10 of a 17% as we see it -- germany down by .7%. worstse off by 2.5%, the day for the january mid-since the ftse mid since january. look at italian bonds currently seeing the yield up at 2.68%, up 22 basis points, the highest inring -- borrowing costs nearly four years. looking at the impact of the euro because

well as the eurozone on the labor market. the chart is talking about real wage growth, it is back in the u k.very time we get data, i feel twitter storm looking at average hourly earnings. is the big chart the number we should be looking at telling us real wage growth is back? if you think about what actually happens to people spending power, right now it is when did this happen and it was about a year ago. you see it pick up in the year-over-year statistics. positive if turning you look at quarterly data. the spending power has been improving the last six months. how are things different from the trajectory the united states is experiencing where we are getting phenomenal employment rates and yet it does not seem like it's eating through the wage growth. jamie: in the u.k. we had an inrmous boost to employment the labor statistics so in that sense it's very similar to the u.s.. , it is takingde its time to come through. the phillips curve is still there and functioning. of slowst a long period wage gain has been influencing expectations so take a while for expectations to recalibrate. vonnie

well. looking at 20-second left on the clock and it's notte fair to brg up the question,k. mr. wordin, u brought up, cogently in your report from the statement that we attach to ptsd in tbi, not just a veterans but in our active-duty troops. and yet this is a major, major problem that we have just been pushing past the graveyard on. if we could treat perfectly we could still are not allowed to diagnose our active-duty troops, lest we wound the careers that would allow time for you to comment on that but i'm glad you brought it up. >> if i could i'd like to say one thing about speedy with the chair permission. >> one of the thingsto we foundn testing, one would think that was brought up biased, by the beat is veterans would not want to wear a hero track because it would cause a statement just within wearing a device. but because it's an apple watch and makes them cool. the statement has been removed and, therefore, they're getting help that they wouldn't ordinarily get. we are very aware of statement in our organization and the vets we service, and just to find creative ways to get around