once u.k. is out it's out and that definitely changes the dynamic interesting years ahead nina shake european analyst thank you so much. take a look at some of these other news now israeli forces have killed the palestinian man and injured others during a raid in the town of janine in the occupied west bank israeli police were searching for the killer of a rabbi who was shot dead a week ago two israeli officers were injured in the raid a fire on a bus in kazakstan has killed fifty two passengers only five people managed to escape from the vehicle when it caught light the victims were all migrant workers from neighboring uzbekistan the bus was traveling in a remote region on the main road between uzbekistan and russia there's no indication yet about what calls the blaze with police launching an investigation. a deadly storm called it fredericka is sweeping across western europe at least six people have been killed in belgium the netherlands and germany as gale force winds knocked down trees and

in the u.k. and i suspect that is very much the same picture in the other security council countries to the un's trade treaties been enforced want to three years now and yet many signatory states continue to sell arms to governments the accused of committing serious human rights abuses may be a naive question here but why is that why is the treaty working. well because. one man's human rights abuse is another man's freedom fighter there are the definition of what is a crime it's very very fluid and you have the international criminal court which is supposed to prosecute war criminals and it hasn't actually prosecuted very many war criminals so. lots of countries of append to write nor. that ledge to be uses in the interests of the of the national interest now we have in the in that u.n. security council they they appear they impose sanctions that are legal in forcible and nations are required to impose impose them but you know you have veto powers by the u.s. china u.k. france who can use those b

but clearly, u.k.ering from uncertainty, from continued very weak structural fromctivity growth, declining migration flows. i cannot see how that changes this year. it is not a catastrophe, but the u.k. will be the underperformer in the developed world this year. manus: thank you so much, rob wood. a reminder, if you are a bloomberg customer, you can watch the show using tv , as well as video. you can use all of the functions that we run. ask theclick on, " guest the question at the bottom of your screen. mifid wilk come into force -- ii will come into force tomorrow. managed.tors money is banks and asset managers spent twond tube elements -- dollars billion. in terms of the biggest regulatory change in 10 years, it is a complex issue. is everybody ready, or where do we think things, if they will go wrong, where might that be? >> the answer is no. not everybody is going to be ready. some people are not aware how much they are covered by the new rules. the regulator in the recent weeks backed off an

the u.k.overnment respond? how will the sector trade at the open? the rally rolls on. the hang seng trade, a record. oil is trading close to a three-year high. brent, $70 per barrel. the boss said he will double profit in five years by selling more jeeps and ford goes in, planning to invest $11 billion in the electric vehicle. matt: a lot going on in the car sector ahead of the detroit auto show. 30 minutes from the start of european stock trading. futures, up across the board. looking at -- well, that is an interesting picture and it looks slightly different. i am seeing futures that are gaining across the board. the ftse up .2%. dax futures up .3%. i will look and see that we would that is there. let's look at the bund yield. i have a three day chart of bunds. i've got to label these better. we had a oucj y -- we had a pick up in yields thursday into friday and we have been holding relatively flat around 0.58%. that is where the bund trade holds. not a lot of direction from that, but you do

isiette: the u.k.ernment grappling whether to bailout as it works on everything from hospitals to the high-speed rail project. the company held talks yesterday to ask for the 300 million pounds it needs by the and of the month to remain afloat. a spokeswoman declined to comment in the government declined the concerned meeting. chrysice their's -- ler's ceo told bloomberg that jeep could grab as much of 30% of the global equity market. he also said that u.s. tax cuts would serve profit about $1 billion. they are considering an initial public offering for the mobile public phone unit. the company says lifting the that he want to be option. the have been examining ways to unlock value. morgan stanley has been selected with goldman sachs among the initial public offering. credit suisse and deutsche bank have also been chosen to work on .he ipo they could have seen the company target evaluation as much as one he does not immediately respond. the executive chairman has called for nafta to be reworked. rather

and setting up in the u.k., developing the jobs in the u.k., and also trading around the world.s the news of the moment is obviously brexit. essentially said yes, he can imagine how a deal -- only if you went back on things like justice and things like that. would you be prepared to trade at all on that to get more access on business, especially finance which by some measures is the biggest industry we have? >> the city of london is hugely important for the u.k. and hugely important to the global financial center. for the european union and indeed the rest of the world. i am positive about the future of the city of london. the city has developed over a number of years and there is a whole ecosystem of supporter around the financial services industry in the united kingdom. be prepared to trade to keep that access? would you be prepared to do what emmanuel macron said, the jurisdiction of european courts, to get more access? may: what i'm working for an obviously in december, we reached successful negotiation on our talks with the eu. what i'm now looking for is the implementation

it's the u.k. authorities who are in violation of international law by continuing this set of all apprehending him when he leaves the embassy they could or an embassy has granted him this asylum they have done they followed the book or done what is clearly within their rights so it's not a question of what punitive is a possibility it's what the u.k. authorities to what are the u.k. all sorts of geishas under international law and remember that case was fraught with difficulties also as a pyramid domestic in case before english courts it is not clear that there are grounds to. accept extradition request there were. the supreme court when they dealt with the matter split it was a strong strong dissent so basically the law here is on the case of the rulings by these body which again is the authority of a body or arbitrary detention on international law. and that us law professor at university of oslo thanks for shedding some light here on what is an increasingly mysterious it seems case with more que

the u.k.'on is to stay in the customs union, it would solve the ireland question. philip: there are many other ways that we can do that. withine: chancellor, passporting out of the equation, what kind of financial services agreement are you hoping for? philip: financial services have to be part of our relationship with the european union because there is such a large and important part of our economy, and we can operate without ofsporting through some sort equivalent regime. it has to be a regime that is robust and objectively determined. it cannot be something that is dependent on the whim of the european commission. it has got to be more robust than that. philip: what would it exactly look like? equivalence is fine so long as equivalent is objectively assessed, not politically determined. francine: the framework for that is what? philip: we have to negotiate that with the european union. the u.k.'s financial services sector is larger than the rest of the european union put together, so we hav

government who the u.k. government over to resumes to me seeing what these i mean will have to do are two different things that is becoming clearer and clearer in the backs of negotiations if you have a look at northern ireland they have exceeded every demand of the e.u. border on the island of ireland remember it's the e.u. border. me when she has with one member so that with everybody else because the most favored nation status is the deputy you would mean that you've got to treat everybody else if you can the other so that's just utter nonsense to talk about scott on the talk about scotland as third its main export market is in england another sort of the public of ireland's main export market is england as well you don't have to see the government to trade what leaders want whatever is what you what you do how well i think when we have our independence referendum in the next fifteen months i'll be given all the leverage we need and we have forty nine percent just now and you can only get fifty one percen

government who the u.k. government over tourism is tourism is seeing what these i mean will have to do are two different things that is becoming clearer and clearer in the backs of negotiations if you have a look at northern ireland they have exceeded every demand of the u. border on the island of ireland remember it's the e.u. border. me when she has with one member so that with everybody else because the most favored nation status the w. would mean that you've got to treat everybody else if you can the other so that's just utter nonsense to talk about scott and the talk about scotland has treated its main export market is in england another sort of the public of ireland's main export market is england as well you don't have to see the government to trade what leaders want whatever is what you what you do how well i think when we have our independence referendum in the next fifteen months i'll be given all the leverage we need and we have forty nine percent just now and you can only get fifty one percent by

citizens living in the u.k. in a million u.k. nationals living in the e.u.aid they can carry on living their lives as before. a fair settlement to the account meeting our rights and obligations under party member states in the spirit of our future partnership and a commitment to maintain the common travel area that i linked to to uphold the belfast agreement and avoid the hard border between northern island of ireland will oppose the the constitutional and economic integrity of the whole united kingdom. >> she went nothing would be agreed until everything was agreed. this bill is good news all around. >> this is good news for those people that we were so far down in the negotiations was never going to happen. it is good news for people who voted to remain, who were worried we were going without a deal. we are going to do so in a smooth and orderly way with a new tea partnership with our friends are taking back control of our money once again. this is the government mission and on friday we took a big step towards achieving it and i commend the statements. >>

the u.k.is a nimby translated -- does it need to be translated and how difficult would that be? >> the short answer is yes. ireland is part of the european union. we negotiate as part of the european union and we're very happy with that outcome. the next thing is to translate that into a legal text. we expect that to be done. we also want to begin negotiations on the transition phase, because i think it is in the interest of business and the public. francine: when you talk about that transition phase, ireland has always pushed for a five-year transition phase. do you believe once we are in the transition phase come that could be extended? >> i think what is crucial is what the new relationship is going to be. if the new relationship is going to be one that is very close, while then the transition phase can be quite short. but if it is going to be a hard brexit, which would involve major changes, i think the transition phase would need to be longer. i can't answer the question definitively now.

anna: is that a concern for u.k. assets? with the current account deficit, they can change the number they tell us. u.k., starting with the big fiscal deficit, and big medical problems, why would i want to currency? manus: i'm surprised it is not lower. if you picked everything you said, wise and not trading at 120? david: time. manus: you can't buy time on this show. sterling, you can sell at 135. isn't that beautiful? fair value should be 155 of this currency. i was going to ask you what the catalyst could be, but it sounds like it could be many. david: there are lots. we are at the heart of optimism regarding brexit. from here things could go very difficult. deficit, political problems, and cyclically, one of -- most under puffing underperforming economies. what do you like about it? what are your terms, big shot? declare long to sterling. manus: i don't have any training position whatsoever. what i find interesting is you just said we are at the optimism . is that what people are saying on trading floors? saw when negoti

here it u.k.on data could be at a turning point, with last month's meeting expected to drop downwards. is drop in annual rate because of airfares. the headline inflation looks like it is about to fall. what about the core? that is what the whole world tells us we have to focus on. we are expecting core inflation to fall as well, and for similar reasons. the exchange rate has a profound impact on core inflation as well as headline inflation. while headline inflation is marching downward, we expect core inflation to do the same over the next year. anna: this is with fx being worked through? where will inflation be in a years time? how low doesn't get? >> we are expecting most of that movement down. headline inflation will be 2019.2.1% in 1q headline inflation is important because it affects people's demands for wages. that is what the bank of england cares about that. manus: to what extent will carney be believed? relief -- does it need to sustain for some time? >> carney keeps going on with the tra

u.k. prime minister to resign may and french president manuel de corps have pledged to maintain their nation's close relationship and cooperate on security issues this fight the u.k.'s upcoming exit from the european union across the u.k. for talks with the british leader be meeting at sandhurst military academy west of london with border controls high on the agenda france will also get more funding from london to help deal with the number of people gathering in ports like cali to try to reach the u.k. while the british prime minister to resign may says the u.k. remains committed to playing a full role in the security of europe post brics while this summit takes place is the u.k. prepares to leave the e.u. we are and will remain a steadfast partner to our friends. and a strong and deep relationship between the united kingdom and france remains in both our interests. the president and i agree on the importance of the u.k. france relationship not just to our security but to european security

on top of that the u.k. foreign office has reportedly denied a request from ecuador to grant a diplomatic immunity he asked the foreign office to comment on the situation but so far we have received no comment if a son steps out from the embassy he potentially faces arrest for breaching bail in the u.k. as well as possible extradition to the u.s. let's discuss this further now i'm joined by klug stukely a wiki leaks supported joining us here in our international good to see you today how big of a deal is this i julian assange. well i can definitely help but unfortunately is as you just reported that britain has denied his diplomatic status request which would have definitely made things a lot easier for him to step outside and to leave london in the u.k. . but i think that ecuador and the u.k. are starting to at least have a conversation which only gives me some hope that there will be a resolution soon why why now assad has been holed up in this embassy for five years why is ecuador taking these steps now.

the u.k.t looks like it's going to be not all that easy. we welcome bloomberg's european government reporter coming us -- to us today from brussels. we are hearing from the european side, you are subject to every restriction there is. does this come as a surprise to the u.k.? that's right. if you cast your mind back only , the u.k. and the eu came to an interim agreement and they were singing from the same hymn sheet. be unraveling already because eu have toughened up their language and position on this transition period which is supposed to take effect after the u.k. leaves the eu next year. is theyy are saying want the transition period to be exactly the same basically as eu membership except the u.k. will not have a voice in decision-making. the u.k. kind of expects that but how is then gets that message to its people, how theresa may says we have left the eu but actually nothing has changed, that's the difficult bit. the more the eu toughens its language and position that becomes ever more

and u.k.ructure -- francine: how much damage have negative rates run to the pension funds in europe? nigel: they have been damaged over a long period of time. we have to step up and take a different medicine to solve it. it's quite fortuitous that the political will in europe, the u.k., and the u.s. has finally -- is finally going to address the infrastructure deficit. tom: what we know is there are rhythm or glide pass on negative numbers. do you assume as we come out of a negative rate regime we come out with stability? will you go quarter to quarter minting the 4% you need? nigel: we are going to see more economic stability -- economic growth is happening all over the world. secular stagnation is not happening. of bob --amous words "we begin to see technology in the numbers," which we couldn't see for a long period of time. business is finally beginning to understand to invest in technology and drive connectivity. the biggest problem is -- in britain is not brexit, it's the productivity dif

u.k.tion is the boe some breathing room. we will bring you the breaking cpi data next. we get an interesting call from ing. 10 days to go. can it do that? this is bloomberg. ♪ francine: good morning. economics, finance, and politics. this is "bloomberg surveillance ," in london. i'm francine lacqua. tom keene, targeting the door yesterday. we migrate to a couple saying they had to revise downwards because of brexit. you can see that on the back of the cpi data. the pound has not moved that much, currently at 1.3769. we have larry hatheway. if you look at central banks around the world, the cpi is a different problem from everyone else int hew -- else int he world, partly because of the weakness in pound. it is difficult to do policy for something you do not know the exact impact of. in particulars, around growth, must be wide indeed, if you look at over the next few years, given the uncertainty of brexit. that public its monetary policy to a great extent. the bank should be willing to see

counterpart here in the u.k. rex tillerson talking about iran north korea and syria they haven't mentioned russia being on the agenda. security analyst. there is some more the general said. there is something of course to what the general actually says and that is that first of all. the british state of the british military in terms of the number of its personnel the number the amount of its equipment in the quality of that quitman is at a picture from a low level and so therefore you have to have some sympathy perhaps for this man if you forgive me if i'm wrong but it's about money it's not just russia of course we're talking about north korea or iran or the other bogeyman that are used for there is not withstanding that i mean it's very interesting that we hear that the russian threat today is actually not thousands of miles away but on the doorstep of europe actually the reason for that is because russia has moved its because nature of course has moved much much closer over the last twenty years towards the bo

speaker: finally, from concluding u.k. youth parliament speech from the on themaybe one other way, but as part of mainstream debate, this is the concluding speaker. i ask you to into zs sickly welcome charlotte williams. enthusiastically welcome charlotte williams. [applause] ever lovedhave you the body of a woman or the body of a man? these are exactly the same to all in all nations over time. whitman, 1855. , but it shouldld not define you. who you love should not define you. it does not solely let someone see you for wearing a necklace. it does not make it dress any less of a dress. i sexuality does not make me less of an artist, a dancer or a person. when i read that emails asking me what the sexual offense act meant to me, it was simple. it means remembering those who fought not to be defined by who they love. people who knew not what it was like to live in freedom. artists and poets and activists all fighting for one cause. women painted in a passionate kiss. twice asinted intentions to commit sodomy. don richwood ta

citizens in the u.k. is guaranteed what's the situation right now on a c i don't really fully believe that theresa may for many years has been opposed to immigration and wants to keep the numbers of people coming to the u.k. down she also was the person who was home secretary instituted a very hard line taken by the u.k. government against migration and bear in mind also that we three million citizens living in the u.k. and only just over a year to go until break that happens is capable of actually processing. the documentation necessary and it's as much as people say why don't we fully believe that to reason may. actually stands by that do you believe that the u.k. right now is capable of processing that much red tape no i don't think that's one of the big concerns of the e.u. citizens in the u.k. is simply as we said just heard in the report it takes so long for all of that to be processed and that leads to great insecurity in everyday people's lives and that's one of the big problems of price i want to

your outlook on the u.k., are you worried about the u.k.? has done really well this year. currencys around 5% in and sterling. we have good performance. however, there is a slowdown in a u.k.nomy and in 2018, is the country that will grow the least. every single country this year 2018 is expected to grow but the one will grow the least at one point 4% will be the u.k. francine: will the brexit move mean you have to move outside the u.k.? we have very few. and we are very resilient. that was in the stress test. is whatevert happens to the u.k. economy will be tied to that. ,t a less good scenario santander u.k. will outperform. francine: that was and a a botin. she went through country by country where she could do better or not. such a great bellwether for the emerging markets, especially latin america. she said in the state of the union address, it doesn't matter what he says, let's see if he has protectionist measures. you any ideagive of how she wants to compete within europe? francine: in europe, it is clear they are growing -- they are

ice games were over there in the u.k. it's a quasi government private sector deal it was all was an all is a slush fund we've actually been reporting on this for a member of years saying these deals will collapse as guaranteed now cruelly and house collapse as we predicted. exactly as we said a would collapse because you cannot grow trees to the sky like you try to do with trillions well by the way just so you know where we're here in miami where the brick out area of miami and this is you might see some boats and stuff going by in the background and there's a bridge over there just so you might not be alarmed people get scared out there when they hear noises that they don't know what they are because they sometimes think we're on a green screen but they gather points about crilly and all these other p.f. i companies are also getting whacked their shares are tumbling the government is actually looking at their balance sheets and seeing what's going on there one issue that arose with karelian as the share company's revenue

question for the u.k. government two fold question they've taken away their career in order to the representative i should say who who kept an eye in companies quite closely in what closely with these companies that didn't happen also when the give the profits warning the u.k. government kept pushing money in the direction of clearly and which could only mean they were putting taxpayers' money at risk public money at risk whereas the scottish government at that point was trying to manage and move a we and being aware of the difficulty that could arise that no hazardous and because i was and what a prime minister whose corporate responsibilities zollo our top advisor on called responsibility up until recently was the person who then became chairman personal of caribbean village green here short i have the regular phone calls saying these are normal profit warnings duty is cyclical nature of the economy nothing to do with the systemic existential threat to the got raises huge questions though about the relat

may having to trudge back to the u.k. without having a deal and then there being weak telephone diplomacy before going out and getting a deal. then the embarrassments, they were in the house of commons but as she said in that newspaper articles wrote that she got to where she set out to get to at the outset. host: but it did take absolutely ages to get there. what does that tell us? >> it took ages, it took longer than originally thought because october was the first deadline which was broken, and crucially remember that everything in those discussions is resolved. the barrier was sufficient progress. it doesn't mean that it is all done. there are still huge questions around the irish border. there is the agreement at the border should be soft between the republic of ireland and northern ireland, but there isn't much of an agreement yet about achieving that. so what this tells you, it is a mighty complicated business trying to a not a relationship that has gone back a generation. that is before we get to what many people

could include key members such as russia tuckey the u.k. and spain. russia's voting rights were revoked and twenty fourteen after the illegal annexation of crimea the sector general of the was warned that moscow could crash out of the group of russia keeps being excluded from the election of key personnel tuckey could be expelled from the council europe preston applicant pursued his threat of reintroducing capital punishment following the coup attempt meanwhile the u.k.'s under pressure to accept strasbourg court rulings on personal voting rights while the acting president of the parliamentary assembly launched that outspoken attack on state police violence against the people of catalonia last october. so now one meal was a member of the council you look for over eighteen years until the end of last year and thus the longest serving member of the u.k. delegation what changes is he witnessed during these years. a member of the parliamentary assembly of the council of europe for eighteen years when that is a quarter of the entire lifetime of this parlia

the u.k., that is it from daybreak from anna, matt and myself in zurich. we will hand you back to guy johnson and the european market open. let's see what these markets make of the message we have had from the ceo here in zurich. i'll be back very shortly with a little more. welcome to "bloomberg markets: the european open." i'm matt miller. cash trade is less than 30 minutes away. trump trades antagonism for bipartisan appeal in his first state of the union address, but his opponents find little reason to warm to his vision. what does this mean for his big spending plans? and under pressure. pushing down on may. the u.k. prime minister tells rebels back home she is not a quitter as she tries to drum up trade in china. plus, brazil keeps giving for banco santander. our interview with the chairman in less than an hour. we are less than 30 minutes away from the european open. take a look first off, at the futures. drop in u.s. stocks, we saw a recovery in asian stocks and it looks like this coul

the first major u.k. retailer to season it's aty the cost pressure will use over the next 12 months. the your ahead probably best year ahead probably won't be as -- the year i had to won't be as top as 2016. emma: president trump a warning for north korea's leader. the president tweeted that he has a much bigger and much --erful dust more powerful much more powerful nuclear weapon. diplomatic breakthrough between the two koreas. north korea told south korea the hotline hasn't been used for two years. they will send a delegation to next month's winter olympics in south korea. more misery in store for the eastern half of the u.s. a deep freeze has already sent temperatures to all-time lows. is the so-called snow bomb expected to raise up the eastern seaboard tomorrow. parts of new york city make it four inches of snow. fox is in china -- we asked about reports of u.k. is in talks to join the transpacific partnership trade group. >> we are not ruling anything out. it's not something right at the top of our a

u.k. which has expressed interest in finding more in terms of the u.k. expressing interest in finding a way out the government here has reacted and it's pretty odd unswayed says that the government of ecuador knows that the way to resolve this issue is to have julian assange leave the embassy and face justice for their part song his legal team have welcomed this new initiative they're saying if the u.k. wishes to show that it's a nation that respects its human rights obligations and commitments to the united nations then it should. walk free and when they refer to the united nations they're talking to about a two thousand and sixteen ruling by the organization that was being held in arbitrary detention meanwhile the media here is speculating that what ecuador really wants is to push us out of the embassy to get rid of him in september he tweeted in support of the catalan separatist movement the ecuadorian president tweeted in response saying that keep his nose out of the business of its al

the u.k. has announced donald trump will be visiting britain in the second half of the year despite activists vowing to stage a huge protest when he arrives the president seems unfazed i think a lot of the people in your country like what i stand for they respect what i say and so those who voted for tough border are going to come to that now but to those who don't what do you say to them i don't care i don't care it's just one of those things i don't i don't say anything you know why because i don't care trying to visit had originally been planned for next month so he could officially open the new u.s. embassy in london however the president counseled the trip claiming he was not happy about the embassies move is the army has been looking at how the u.k. and the u.s. failed to find common ground last year. the u.k. prime minister to reason may has invited u.s. president donald trump to visit the united kingdom later this year it comes as the two leaders met at the world economic forum in davo

the u.k., finally earnings are here. jpmorgan and wells fargo kick things off on friday. david: joining us is marty schenker, we will start with the d.c. drama. a lot of the president's supporters were out in force yesterday saying he really is fit to be president. let's have a sample here. >> the president's tweets absolutely reaffirm the plane, spoken truth, self-made millionaire revolutionized reality tv and something magical happening in the heart of this country. >> no one questions the stability of the president. i speak with a multiple times a week. this is a man, he didn't become the president by accident. >> president is engaged and understands complexity and asks difficult questions about team so we can provide him the information he needs to make good, informed policy decisions. >> there is a level of genius to to personality as it relates his marketing, political judgment, his insight. >> when i work with the government -- president and people around him, he has been an active, eng

the u.k.rime ministers attempt to give her government every boost has been mired s senior administers refused to follow her orders. theresa may flagged -- things went off script. greeningnt and justine were locked into discussions with her after rejecting proposed moves. the u.k. is -- band on making takests with microbeads effect today in an effort to protect marine life. the beads are so small that they flow-through treatment filters floating waterways desk polluting waterways. barack obama signed a bill to outlaw the beads in 2015. new zealand and canada have also done likewise. global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . the equity momentum continuing here in asia. japan playing catch-up following yesterday's holiday. have a look at the hang seng, up by .2%. higher for 11 sessions in a row. this will be the longest winning streak on the hang seng since 1999. australia closed higher

the u.k. government reportedly turns down a request from ecuador to grant diplomatic status to wiki leaks founder julian assange on. the u.s. says it will spend one hundred fifty million dollars rebuilding iraq the city is devastated by the war on islamic state a figure dwarfed by how much the pentagon has requested this year of military operations there. and germany refuses to deport a turkish extremist to supporting terrorists in syria is prison term is almost up and he could be released next year. if you are watching the headlines here at r.t. international broadcasting live from moscow. the u.k. foreign office has reportedly denied a request from ecuador to grants diplomatic status to julian assange which it follows reports the wiki leaks founder being granted an ecuadorian id card as a step towards ending his five year confinement in the london embassy artie's anastasio as the latest. the mystery of what happens next in this ever complicated tricky and internationally spanning case of jul

the u.k. foreign office has refused a request from i could or to grow into a stone's diplomatic immunity and a letter to r t the f c o stressed it would not discuss the matter except to say the case would only be resolved if a thong leaves the embassy and faces justice we spoke with wiki leaks supporter clarke starkly who believes there is no legitimate reason a song should feel the need to remain in the embassy sweden has dropped its investigation completely the u.s. apparel has. it was completely arbitrary and unlawful detention and so and that's been going on for almost two years now but they've said that and for this to continue on this is only costly for the one police department and is futile it's there's no good reason it seems now that the only reason that they would continue to. keep signs in the embassy is for fear that he would be extradited to the u.s. . well later this hour ecuador will hold a press conference on the case of julian assange and we'll be bringing you that live so do

but with every passing day, the u.k. inches closer to raise their are scheduled to scheduled to leave the european union at the end of march 2019 and with the deadline theoaching, mps have spent time trying to pin down pretty big questions such as what role will parliament have in the present process area what will the final dilip like and what will the uk's relationship be with europe after we have left? the prime minister, theresa may has faced a complex task of trying to push present through the commons. keep northern iowa's democratic unions. she relies on getting this through. this will move bridget forward and shows little success. theresa may traveled to funds in september to make a big speech, offering assurances on eu citizens rise and urging a new economic and security relationship of the future. and while that may have been seen as a step forward, there was is -- a distinct wobble when they hit the prime minister had struck down with this approach by a prankster and standing in front of a disintegrating backgr

turning to the u.k. where the head of the army has outlined the main threats facing britain and russia turns out to be top of the pile general certain carter wants money to be allocated to bridge the gap between british and russian capabilities. the arch exponent of this is russia i believe it represents the most complex and capable state based threat to our country since the end of the cold war they represent a clear and present danger they are not thousands of miles away they are now on europe store. i believe our ability to preempt will respond to these threats will be eroded if we don't match up to them now we cannot afford to sit back. here the words of the general ortiz poly boy who has been listening to that has more now on the pali hum indeed did the general justify his plea for more funds here well look normally military chiefs asking for more money for more equipment is pretty standard practice normally it's retired generals in this case it was somewhat unusual because it was the acting head of

the leader of the u.k.has told a handful of business executives that he would rule nothing out on brexit except a second referendum. jeremy corbyn held a private meeting that lasted about one hour. representing the u.k. were biggest lobbies including the confederation of british industry. maragos finance minister says the north african country benefited from -- but thinks there will be no need to renew its when expires in july. he told bloomberg morocco is constantly ready to tap the international bond market that will need do so when the time is right. >> it is possible this year. it's possible to make it next year. we make trade-offs in terms of our debt. we want to manage our debts by reducing the risks of foreign exchange and other risks. there are of course several solutions. one of which is the opportunity to tap the bond markets. juliette: global news, 24 hours a day, powered by more than 2700 journalists in more than 120 countries. you can find more stories on the bloomberg at top . there is a l

the u.k. foreign office has reportedly denied our request from daughter grant's diplomatic status to julian assange it follows reports the wiki leaks founder had been granted an ecuadorian id card as a step towards ending his five year confinement in the london embassy artie's an associate check into his birth. the mystery of what happens next in this ever complicated tricky and internationally spanning case of julian assange really continues with some developments trickling in this evening here in london where we are in fact outside the ecuadorian embassy and some of the confusion of some of the reports that have been coming out seems to be stemming from first of all it tweets that julian assange had posted on his twitter page wearing a t. shirt with the ecuadorian national colors parking lots of debate and questions online about whether or not this could potentially mean that he has either has been or is on his way to being granted citizenship those questions of course are yet to be specific

in the u.k.xpect unit labor costs, if inflation was running at target, 2% target, and i know it's above that because the pound, but running at 2% you'd expect union labor costs at 2.2%. you're close to a percent point below the level of the bank of england might like to see to see inflation back at the target. it's a weak reading. it doesn't make for good reading for those looking for, you know, hikes relatively soon. francine: at the same time we had encouraging figures from the u.k. the last couple days, like services weren't bad and how do you make sense of all this? dan: they weren't bad. we still think the economy is in the slow lane at the moment between growth this quarter it be .4% which is what was in 3-q and next year that pace is maintained and looking at 1.4% gain. you're right, the surveys were little bit -- relatively upbeat but the broad story is that it's not poking inflationary pressure. same sorry around the world and figures underline that. francine: max, your take on pound snn

u.k. prime minister brushes off calls to resign as she heads to china on a three-day trade mission. slides and the u.s. clamps down on one of the world's biggest changes. ♪ matt: we are getting some breaking earnings now. ing group, the dutch financial fourthh coming up with quarter profit of 1.6 billion euros. ing misses estimates on profit. if got a cost income ratio of 59.9. 7% and itratio of 14 is looking at net results in 5 billion euros. that is the net result for the entire year. the fork or profit, 1.5 6 billion -- the fourth quarter profit, 1.5 6 billion. a big miss on pretax profit there, so look for ing to trade at the open. the ing cfo is going to be joining us for his first interview of the day in just a few minutes. anna: let's get to some other breaking news this morning. the wealth manager in switzerland, the third-largest wealth manager in switzerland is giving details for the past year. under --.ew money the estimate was a little higher than that at 393. they say net new