also coming up the u.k. government says it's were prepared to break international law as difficult as it talks resume in london parts of its withdrawal agreement that the e.u. are under threat. of street fighting men and women in today's germany we preview a film about the battle between political extremes which is in the running for a golden lion at the venice film festival. and a wonder of nature best seen from a middle east garbage dump it's a rest stop on the great story migration from georgia to southern africa now underway. i'm sumi so must conduct good to have you with us fire has swept through the biggest migrant camp on the greek island of les pauls thousands of refugees that moria have been taken to safety away from the overcrowded facility there were no immediate reports of casualties authorities are investigating the blaze as arson local media reports suggest the fires may have been started as a protest against a coronavirus lockdown imposed this week. daylight reveals the devastation morea lies

u.k. have to answer, with the wikileaks founder wanted stateside on spying charges. he could spend decades in jail if found guilty there. we will be taking you to the old bailey in london, where our british correspspdent, benenedie paviot, is standing by. after clocking up a further 90,000 infections, india overtakes brazil as the second worst hit country for the coronavirus. the e.u. commission president says she trusts the u.k. to respect the brexit withdrawal agreement after boris johnson's government announced it is tonning legislation overwrite a deal. more about thohose tents divorce talks. -- tense divorce t talks. ♪ ♪ first, julian assange is appearing in a london court today as his battle to avoid extradition from the u.k. to the u.s. resumes. the hearings at the old bailey were meant to start again back in may, but were pushed back because of t the coronavirus. the 49-year-old wikileaks founder faces criminal charges related to his alleged hacking of u.s. government computers, an

the u.k. cabinet minister speaking on media here in the u.k. saying the u.k.ernment tells the public to work from home if possible. turn around and go home. anna: whether you head home right now. we are also getting comments from the mayor of london saying he will be putting his london plan for the prime minister and calling him to act now to slow the spread of the virus across london. toanticipate some measures tackle outbreaks in the hospitality sector. matt: here is a chart you can find on the bloomberg. of is number 1838. you can see the tick up in infections. new daily cases. the question is what does the fatality rate look like and the warning we are hearing from doctors, from scientists is that the fatality rate, which has made relatively low compared to the initial outbreak could start to pick up again. that is one of the main concerns leading to this. khanu said, sadiq commenting on his plan in a tweet. michael gove setting up new government approach to the coronavirus earlier. so, the government is instructing people to work from home. anna, just as

should the u.k. go back on its agreement spirit with brussels the major ramifications not least for the border between northern ireland and the republic of ireland irish foreign minister simon company has been tweeting about this he says this would be a very unwise way to proceed. he's obviously understating it big it should be u.k. go back on its agreement tell us again what the consequences of this would be for the irish border region. well we have to of course wait until this bill is really published and it's said to be happening in the middle of this week the government. itself said a government minister said it's just about technical details so they're saying that not going to go against the withdrawal agreement however we just need to keep in mind how politically sensible this is this northern ireland protocol reads organizes basically how the republic of ireland indeed you and the northern ireland which is part of the u.k. and the rest of the u.k. how old this works together and how trade diso

this u.k. legislation gives the u.k. option to unilaterally change which goods are checked, which is at the heart of how the whole thing works. here is chris morr. in order to achieve that, there had to be some additional bureaucracy between northern ireland and the u.k. one of the things it said was goods moving from northern irand to great britain would have to fill in a form and export declaration form. one of the things the bill says is that no longer has to apply, ministers would have the right in the event of there being no that measure.ecide to change ros: islands prime minister is calling the actions disturbing. eg thee to which it tracks back into the nter stages, it has the potential to be divisive in that context. we must work to make sure that does not transpire. concerned about wha this would mean about future talks ound trade. >> meaningful negotiations can only proceed on the basis of mutual tru. unilateral actions, whi seek to change the operation of measures already agreed, alincluded in an internati tre

will the u.k. miss out on that? gerard: the u.k. is doing pretty well at the forefront of the green agenda. u.k. is at the forefront of many of the innovative things being done on climate change. also as you saw under previous governments, the city of london was trying to position itself in terms of the whole climate change agenda when it comes to banking and finance. what we need to do across the country's have a few more quick wins as well as longer-term strategy that fits in with all of it. i do not think it is the case the k is competing in all of these areas. there will be certain global issues where the u.k., like the u.s. and the eu will be cooperating, but in terms of clean energy and climate change, i think the case should and i expected to be at the forefront of some of the new technologies and futures. guy: we will leave it there. thank you very much. gerard lyons of net wealth investment, former economic advisers of boris johnson when he was mayor. european equity markets are wrapping up for the third day. boris johnson

and the u.k. this year 2020 is a transition year no rules or laws are changing it's business as usual while brussels and london wrap up the business of parting ways and that includes the very important trade deal between europe and the u.k. which still has not been hammered out and if you look at the calendar you know that time is quickly running l. well now british prime minister boris johnson has set an october 15th deadline for a trade deal or he says he will pull the u.k. out of negotiations reports also say that his government is preparing legislation that would override parts of the withdrawal deal that was agreed to last year a unilateral decision to change a bi lateral agreement e.u. commission president yourself in the lion today warned the u.k. to keep its word to honor the withdrawal agreement that it because she ate it tonight in brussels the thinking is as follows if boris johnson changes the rules there may be no future trade partnership with europe at all it's not 12 months since br

could soon follow the u.k. in terms of this krone virus resurgence are we looking at the same the same type of . issues that we face here i think we could be if we continue to listen to the kind of nutty scientists like what they're listening to in the u.k. . very quickly the bottom line is when you listen to these so-called experts you need to look at where their funding comes from many of these experts are funded by either vaccine companies or people like bill gates who are pumping money into these organizations and they are touting the line that does not match the data involved and i would challenge people look at the numbers for data for the u.k. in terms of new cases and numbers of deaths deaths are way down right like new cases the and a lot of the cases are up and actually a lot of the cases up just because people actually have the testing that there also is i don't know they're about that iris now that we did months ago so definitely a better situation now hillary for which events one thank you both for

and the u.k.'s institute for fiscal studies warns that the u.k. is heading for a big tax hike and a bigger stake. we will talk to the report's author. equity markets beginning to nose over on both sides of the atlantic. a number of competing factors coming into play. earlier on, we were basically marking time, waiting for the debates. but now we are getting numbers out of new york that are a little alarming in terms of the virus. we are also getting headlines out of europe which are undermining confidence as well. the stoxx 600 is down by 0.7%. the s&p now down by 0.4%. euro-dollar actually picking back up again. the $1.16 level held, and what i am hearing is the real money accounts are back in the market. $1.17,back now above $1.1729 where we are right now. we have the ecb watchers event tomorrow, christine lagarde speaking in the morning, and then at 10:00 him him -- 10:00 a.m. eastern, we will have speaking.e , the chief economist -- speaking, the chief economist. alix: the s&p now down by 0.4%. new york city's daily positive rate -- daily posi

u.k. the cable rate does not move. it is a consistently stronger dollar. same thing for the gilt market in the u.k. as well. crude also going nowhere. the real action is in the equity market. let's dig into that top story in europe. u.k. chancellor of the exchequer rishi sunak planning to rescue millions of jobs at the coronavirus threatens to derail the u.k. economy. >> i know people are anxious and afraid and exhausted at the prospect of further restrictions on our economic and social freedom. for at least the next six months, the virus and restrictions are going to be a fact of our lives. i cannot save every business. i cannot save every job. no chancellor could. the government will directly support the wages of people in businesses to face depressed demand the option of keeping employees in a job on shorter hours rather than making them redundant these are radical interventions in the u.k. labor market, policies we have never tried in this country before. we have so often spoken about

and the u.k. this year 2020 is a transition year no rules or laws are changing it's business as usual while brussels and london wrap up the business of parting ways and that includes that very important trade deal between europe and the u.k. which still has not been hammered out and if you look at the calendar you know that time is quickly running l. well now british prime minister boris johnson has said in october 15th deadline for a trade deal or he says he will pull the u.k. out of negotiations before it's also say that his government is preparing legislation that would override parts of the withdrawal deal that was agreed to last year a unilateral decision to change a bi lateral agreement e.u. commission president underlying today warned the u.k. to keep its word to honor the withdrawal agreement that because she ate it tonight in brussels the thinking is as follows if boris johnson changes the rules there may be no future trade partnership with europe at all it's not 12 months since british p

and the u.k. this year 2020 is a transition year no rules or laws are changing it's business as usual while brussels and london wrap up the business of parting ways and that includes that very important trade deal between europe and the u.k. which still has not been hammered out and if you look at the calendar you know that time is quickly running out well now british prime minister boris johnson has said in october 15th deadline for a trade deal or he says he will pull the u.k. out of negotiations before it's also say that his government is preparing legislation that would override parts of the withdrawal deal that was agreed to last year a unilateral decision to change a bi lateral agreement e.u. commission president will fund a lion today warned the u.k. to keep its word to honor the withdrawal agreement that because she made tonight in brussels the thinking is as follows if boris johnson changes the rules there may be no future trade partnership with europe at all it's not 12 months since brit

well the bottom line is that the u.k. is planning this week to publish u.k. law that basically goes against the agreement that the u.k. has with the european union and the so-called withdrawal agreement which is basically the divorce agreement britain leaving the e.u. now going out how is the divorce how is this going to be handled with this new law especially when it comes to the trade within northern ireland there are some technical issues that trade issues with the u.k. if this is true and if they really do publish this bill on wednesday then that would go against agreement that the u.k. has with the european union and of course this court alarm bells ringing here in the u.k. because many who observation the government the new government critics but also experts in these trade negotiations they say well the u.k. wants to be this global britain once and leave the european union but on the other hand britain needs to be trusted within the international community so how come that kate plans to go back on something that's been agreed and that's international l

the u.k. prime minister sets a deadline for a post briggs's trade deal with the european union but he says if talks break we will be ready that raises fears of a no deal breaks it the british pound takes a pounding. chinese exporters continue to benefit from the relatively early reopening of factories following lock down we'll bring you the latest forecast speaking trade numbers. and the pandemic gives caravan holidays a powerful tailwind trench towards.

u.k.considering a plan that would affect delicate customs. >> unfettered access to the market for northern, businesses and the bill has set out how that will be done. anchor: here are the u.k. go would -- covid cases. they are going up. it is targeting young people. >> do not kill your gram by catching coronavirus and passing on. and you can pass it on before you have any symptoms at all. ankle in california, wildfires. -- anchor: in california, wildfires. >> explosive. ♪ anchor: so the u.k. government is reportedly playing new legislation that would overwri a part of the withdrawal agreement that it signed to leave the european union. the context here is the talks over the future trading relationship between the u.k. and the eu are reaching the sharp end, and there is no deal. here is rob watson with his analysis on why the u.k. government is looking at this. >> it seems to me there may be three reasons for that tactic. number one is obvious, to do a deal. two, it may be about consumption

you just referenced u.k.. u.k.ssets may look somewhat attractive on a valuation, but global investors would do well to avoid this value trap. why is the u.k. a value trap? seema: i don't even know where to start with the u.k. to me it just looks like a complete basket case. you have the brexit discussions taking such a negative turn at precisely the wrong moment, when economic data is starting to lose momentum. you have covid numbers picking up to the point that we may be the only country in the world where we are actually discussing another national lockdown. it just goes to show the kind of problems the u.k. economy is facing. yes, from a valuation perspective, maybe it does look more attractive than other parts of the world, but i would say that investors should be very worried because there's a lot of hurdles coming into the u.k. over the coming months. alix: where's the safety trade? trade is stillty mega caps. i understand that these valuations, it is not going to be everyone's cup of tea, but you have to loo

the u.k. government says it may break international law in an attempt to change the brakes a deal relating to northern ireland prime minister boris johnson intends to impose a unilateral interpretation of how arrangements to avoid a hard border with the republic of ireland will work the head of the u.k. government's legal department has quit in response and the pound has fallen sharply . that say women make science is next with an episode called from the lab to the field more news from though and half an hour of c.n.n. thanks for watching by. building. was the promise made in the bid for the white house 0 tolerance approach the southern border became government policy detaining children and separating families the stark reality. picture too much to bear for many americans in a country that was built on immigration. follow the key issues of the u.s. elections on al-jazeera. but when i was working in oxford which probably tens of my create was really a pinnacle moments my mother was very proud a

guy: the u.k. has its own currency, so in some ways this next question is redundant, but if the u.k. gets sustainable at current debt levels, we talked just a moment to go tim ross about -- a moment to go with tim ross about taxes going up. .axes are going to have to rise how much room do you think the market will give the u.k. government? geoff: i don't worry about the u.k. in that situation. the risk premium will be reflected in terms of liquidity preferences, i think that will take into account how sterling is going to behave. we will see it in sterling rather than the gold market alone. the problem right now is the government, especially the treasury, they will really have to define the balance between ofplanting the displacement the demand -- that has been the pandemic. you can hit demand by taxation as well. it is where you find middle ground, not just in the u.k., but all governments have to take this into account. australia, the rba said we need to do more fiscal. don't worry about borrowin

and eu are beginning this week. >> the u.k. government wants to persuade voters in the u.k. also persuade the eu negotiators the it is prepared to walk away and it has a plan. it strikes me what we're hearing is related to that because essentially, what ministers are saying is that if there is a dispute over what is going into northern ireland and whether it's going to end up in the eu and should face tariffs, if they can't agree that with the eu, the u.k. will make a unilateral decision. the argument that is being made is that is that the most sensible thing to do because they will avoid a default where everything moving into northern ireland from great britain needs tariffs. there is real concern at westminster that this is potentially undermining the uk's place especially after the astonishing admission from the northern ireland secretary that yes it could mean some circumstances breaking international law. >> that's one big familiar issue. another is level playing field. if the u.k. wants a trade deal with the eu, and needs to agree to regulations. where are we on that o

and for the u.k. in interviews heat praise on his hard work what you have is a fantastic deal for all of the u.k. at heart the deal would prevent an internal border in ireland now his government has found fault with the details and is reportedly planning to tear up parts of it a move that could see borders return jeopardizing peace in the region ireland's foreign minister said unilaterally reneging on a treaty would be a very unwise way to proceed coming at the start of a crunch week for trade talks the e.u.'s chief negotiator told french radio he was concerned because but you're. right what can i see today i remain worried it's not the last round of brakes in negotiations that are starting this week we have other runs in late september and in october i went to london again last week so these are difficult negotiations because the british want the best of 2 worlds in a way here to do more good. the u.k.'s health minister insisted a deal was still achievable. the question is whether we can whether we c

the u.k. supports the efforts of the world health organization my friend ted ross to explore the etiology of the disease because however great the need for reform the w.h.o. the world health organization is still the one body that marshals humanity against the legions of the disease and that's why we in the u.k. global britain are one of the biggest global funders. of that organization contributing 340000000 pounds over the next 4 years that's an increase of 30 percent and as we now send our detectives our medical detectives to interview the witnesses and the the suspects the bats the pengelly whoever we should have enough humility to acknowledge that alarm bells were ringing long before this calamity struck. in the last 20 years there have been 8 outbreaks of a lethal virus any one of which could have escalated into a pandemic bill gates sounded the alert in 2055 years ago he gave that amazing prediction bill almost every word of which has come true how do we respond to a persistent microsoft

you see the u.k.is going to be canceled, the announcements, in the fall because how do you model stuff? what kind of state aid numbers are really going to make a difference? well, blueecaut: states tend to be heavier standards than red states. as you know, the transfer tax cut will be good for blue states, because they reduce the deductibility of local taxes. difference?of a i would say, if we could get half $1 trillion -- half $1 trillion, that should help everybody, but especially blue states. toerwise, they will have phone mayor de blasio and cut staff, cut expenditures, and that will partially affect any stimulus we could get from congress that would offset the positive impacts of that. advisor toque, an the biden team was talking a couple days ago, a day or so ago, talking about the fact that if biden were to win, he would start the artificial trade war with the eu. how big a reset of relations between the eu and u.s. would we see? dr. dwor-frecaut: probably that underbe the biggest reset a biden

the u.k.'s health minister insisted a deal was still achievable the question is whether we can whether we can land a long future trade agreement and i'm confident that we can. johnson won reelection last december on a promise that he could build those his way to break. a strategy that proved popular at home but me yet undermined britain standing up world. are going to bulldoze through the stuff here tonight here at the big table i'm joined by u.k. political analyst john words it's good to see you again it is about what is the u.k. prime minister you are talking about a real threat here or much ado about nothing for instance and it's basically trying to play to a british audience here he wants to play it tough he wants to get one over on brussels and that's what we've seen in the last 24 hours has been that kind of toughening up of the rhetoric he wants to go to brussels and come back is a win win and why does he need to do this because he's got the conservative party on his back in the u.k. the

government is proposing it's an internal u.k. law that gives the u.k. government power to basically override to withdraw agreements and the withdrawal agreement is part one of the negotiation between the u.k. and the e.u. it's an agreement was so cool dubose agreement that the u.k. and the you had concluded and that the u.k. no it myths itself is going to be breached if the u.k. government carries out this plan it also has admitted itself a government minister has admitted that it doesn't reach into national a result because this withdrawal agreement is signed is an international treaty and also because of the huge controversy here in the u.k. for example back benches have come out conservative backbenchers that have said well i don't really want to sign a no that's breaks international law and. uphold our commitments that we have made . the question is is the u.k. government really going to present it in the end to its m.p.'s for signature policy because it could be also just a bluff it could be but the you come government is just now so. signaling to

they urged the u.k.abandon any or all legally questionable and unfair efforts to flout the northern island particle of the agreement -- withdrawal protocol of the agreement. we heard from secretary of state, mike pompeo. >> i am confident they will get it right. we have made clear our view of the importance of the good friday agreements. when of the complexity of the situation. we have done what we can to provide assistance where we can. in the end, this will be a set of decisions with respect to the u.k. have great confidence they will get this right. >> the foreign secretary blamed this issue on the eu and said the u.k. is seeking to change the deal for good reason. >> the u.k. is precautionary, we found it is proportionate, but what we can't have is, and this is contrary to the northern ireland protocol and a risk to the good friday agreement, we cann have the eu seeking to erect a liberatory border down between northern ireland and britain. >> it is also worth explaining why members of the u.s. congr

if you see u.k.s underperform, you see sterling more volatile and sometimes falling as we had in the last week or so on the news. you see the ftse 100, a more international index, earnings have become -- now i should say we are ultimately expecting the u.k. to agree, the u.k. and the e.u. to agree on a free trade deal. not to have tariffs between the u.k. and the e.u. or particular non-tariff areas as well. we think they will come up with a deal eventually. there is going to be a lot of risk though. matt: that's incredibly optimistic sharon, especially considering the state of the relationship right now. and the p.m.'s seeming disregard for the law and treaties that he has recently signed. why do you think the u.k. and the e.u. are going to come to such a big no-tariff trade deal and do you mean like now or in decade? >> you never know. we think there would there will be one before the end of this year. there no doubt at all that the actions of the u.k. government in the last week or so have increase

and in the u.k. as well, if we lost fiscal stimulus, it is clear from the u.k.that they want to avoid a national lockdown, but also that they have wanted to kind of rollback on things like -- if there is genuine push for a much more expansive restriction, maybe not full lockdown but restriction of activity, especially for certain sectors, that is probably an environment in which there is much more pressure, where they will have more support there, so maybe fiscal might also come down a little bit. francine: if you look at what is happening with travel and leisure stocks, they are severely under pressure. can they impact the rest of the market toward december? is this one of what we call the scarring things, and will that ever recover? that is one of the hardest things with the travel and leisure sector. if you have a holiday that gets get itd, you cannot back, you cannot go all day again, you're not necessarily going to go twice. is one of those parts of the economy that is really hard to re-create, rebuild what is lost. so that being said, broader terms, you lo

and the former u.k. prime minister has condemned the government's plan to override the bracks a divorce treaty with the e.u. a move that downing street admits would break international on. a very warm welcome to the weekly this hour where we'll bring you the day's top stories along with the news that shape the week just on. we start with fellow roofs were crowds are gathering for yet another weekend of on rest across the country they're calling for the resignation of president alexander lukashenko more than a month after the contested election which the opposition claims was rigged more than 250 people have reportedly been arrested in minsk in the past few hours our correspondent ryan gosling earlier reported on the build up to sunday's march. well there is there is a lot of tension there is apprehension from from the early morning to 2 o'clock protesters were supposed to gather here in downtown downtown this is where their march was supposed to start but police beat them to the punch you can see all the

either the u.k. will stick with eu rules, which is what theresa may said, and everyone hated the deal. a boris decided we will have custom border, the northern ireland on the same rules as the rest of europe and the u.k. go its separate way. you effectively have a new border. now he's saying i did that deal but actually of course could it really have a border in the middle of what is still the united kingdom and that is what we now have him suggesting that they would actually pass a law that would break this agreement with international treaty, which is incredibly devices -- divisive in the u.k. and a red flag for the europeans. but you're right, it is complicated and annoying and a lot of people don't want to think about it anymore. [laughter] romaine: a big red flag for the europeans and we will talk about later.e stephanie, thank you for staying up with us. that is stephanie flanders, she leads the broad swath of economic coverage here at bloomberg. always great to have her on. coming up, we will

u.k. doctors association sent out a survey to its members and more than 7500 responded to and 3 of them said they are now more likely to leave the n.h.s. because of poor treatment from the government during the kogut response most of those planned to quit within the 3 next 3 years now some want to move abroad while others will simply take a break or work for private hospitals among the main reasons cited for considering quitting a lack of pay rises and protective equipment others say they've been gagged from speaking publicly about their concerns medics also warned they've promised benefits revoked and working on the covert front lines has also had a major impact on mental health. of seasons we've had in may depend on me and we've had b.c. incredible time with people really dying and struggling and we've been separate from our families we just want some recognition for what we actually did and what we feel like we deserve over the last 1015 years. so it wasn't too long we gave that we were

would essentially say it's as if the u.k. is trying to rip up the withdrawal agreement that the u.k. and the e.u. spent so long trying to rectify and in turn the e.u. is saying to the u.k. you have a 20 day deadline to completely u. turn on this they argue it's an attempt to override the what george agreement the withdrawal agreements contains number of mechanisms the legal room of these 2 gents of oil ations of the legal obligations contained in the text which the european union will not be shy in using so for the e.u. it's almost its worst nightmare they say the u.k. has totally broken violated international law they've also broken trust and also risks the future relationship with the e.u. to. plus they say of course this is an extremely bad violation of the very withdrawal agreement as well now it's all about the u.k. deciding as i say to try and reinterpret this special arrangement made for northern ireland almost essentially saying that ministers in essence can export declarations of goods from britain to you know the ni

has put the u.k. on notice that if by the end of this month in just 8 days time the u.k. doesn't withdraw that threats then the e.u. will effectively sue them through through the european courts and the other deadline of course they do is a apart from this is the october a huge summits at which point both sides say that needs to be a deal but it's looking vanishingly less likely that that will happen and of course they are the people who are right at the front line of the sharp end of all these are the businesses and people and towns right on the ball at the irish border between the north and the self because they had all thought that they would all agreement pushed the trade border into the irish sea and that therefore there would be no return to our border across ireland at all and the fact the british government suggested that it might undermine the withdrawal agreement puts that hard border straight back on the table so let's talk to qana patterson who's from the near enterprise agency and the chamber of commerce as well. what was your action to come to germany when w

former u.k. prime ministers condemning the government's plan to overbuy the brakes of divorce treaty with the e.u. a move the downing street admits would break international law. sunday here on our c. and that means today's news and taking you through the biggest stories that we've covered here over the past 7 days 1st up to speed. rallies have been taking place throughout sunday calling for the resignation of president lukashenko activists are keeping up the pressure more than a month after the contested election which the opposition claims was rigged the main event was in minsk where tens of thousands reportedly gathered leading to at least 400 arrests a correspondent i guess d.f. reports from the russian capital. well here they are despite the violence this morning from police attempts to detain and directs hundreds of protesters. they have gathered together in this antigovernment march marching down the streets of minsk oh no it has a demonstration against president bush and for threat lot of

for weeks now, the u.k.eam has said that michel barnier is stuck in the negotiations and they need to see a bigger political push and this may get european leaders more involved into this. what i would say however is that this has triggered a lot of backlash here in europe. we have heard from the head of the european council, the head of the european commission, saying this is not a good basis of trust going into a negotiation. negotiate in good faith when our counterpart is not doing so? that's almost the mood here. definitely become much more aggressive over the past three or four days. thank you very much. let's see. we will go to the wire on these negotiations, tracking the e.u.- u.k. negotiations. our guest host this morning is from northern trust, wouter sturkenboom. many battles to be fought globally, whether on growth or inflation or indeed on the brexit front for europe. let's hone in on the economic side because you have your stagflation theory. a headwind of stagflation does christine lagarde phas

-u.k.rade relationship, then i think the bank of england policy response to that would include negative interest rates, and i think that is where they are going to keep their powder dry. that the righted measure -- but i think it is the to they would likely respond a no deal brexit outcome. so i think there is a way for that. and more generally, you're seeing other countries like new with the potential for negative rates. i think this underscores your previous question about where the bond market thinks we are going. it doesn't think we are in an inflationary world. it is getting that central banks can meaningfully increase inflation, and i think the central banks at some point are probably going to have to provide even more in the way of support. for a lot of central banks, which are near zero in terms of their policy rates, then it would be to go to negative rates. much,ne: thank you so david riley. business,rom the sports, and entertainment world. speakers include ursula burns. in bank o

and the u.k. on the u.k.'s new legislation, the internal markets bill, which will undermind the treaty signed between the boris johnson government anti-e.u. not that long ago. alix: thanks so much, guy. we are very welcome special guest, we are happy to have him here. stanley fischer, the former vice chairman of the federal reserve. he has just been awarded the first miriam pose yem prize by the m.i.t. college center for finance and policy for his outstanding research and leadership in financial policy. it's a pleasure. congratulations. we truly appreciate you spending this time with us. not to get right to it but let's get right to t the latest inflation numbers out of the u.s. today, consumer prices arose for the you third straight month. vehicle sales momcoming in strong. how do you look at the renationary theme in the market with the feds trying to do and where the market is? >> fed is clearly trying to get up to 2% and above because they have some catching up to do. we are a little distance from this stil

and the former u.k. prime minister has condemned the government's plan to override the divorce treaty with the e.u. a move that downing street admits would break international law. this is the weekly here on our to international where we bring you the day's top news along with a breakdown of the biggest headlines from the past 7 days. large crowds are now gathering in cities across belarus calling for the resignation of president alexander lukashenko a keeping up the pressure more than a month after the contested election which the opposition claims was rigged opposition activists say tens of thousands are attending the march in minsk and more than 250 people have reportedly been arrested our correspondent ryan gusty of reports from the russian capital. well here they are despite the violence this morning from police attempts to detain and arrest hundreds of protesters they have gathered together in these anti-government march marching down the streets of minsk oh no he has a demonstration against presid

u.k. time tomorrow.bus is warning in may have to cut more jobs after travel demand has declined since the end of the summer months and carriers are pushing back deliveries of new planes. thechief executive told situation has worsened. the playmaker will have to adapt its cost-cutting plan. that is your bloomberg business flash. francine: thank you. let's discuss the markets a bit more, european stocks in early trading. ash is leading the rebound, travel and leisure continues to decline on the prospect of fresh restrictions. we are back with michael from credit suisse. when you look at the main pitfalls in the main challenges for the markets for the next couple of months -- we have brexit, we saw possible lockdown restrictions, we talked about it. how do you trade the u.s. election amid uncertainty and heightened tensions? michael: that is obviously the crucial question going into it. i don't think, honestly, that the outcome of the election over all will change the directionality of something like equity

. -- flew into the u.k.oday, mr. johnson trumpeted his potentials. >> you have been to australia. it is a freedom loving country. it is a liberal country. >> yes, i have had some dieussions with members of british government. >> the confirmation of mr. abbott'sointment as an un-patriot advisor comes after he was given a rough ride by committee mps earlier this week. >> in 2012, you said men are by physiology or temperament more [indiscernible] than women to exercise authority or issue cmand. >> i'm not sure i ever did say that. >> he is from the right of australia's politics. a clate change skeptic, mr.he abbott encouragedrath of his political opponents on his report abuse of women. >> he wants to know what misogyny looks like an modern australia. -- in dern australia. doesn't need a motion in the house of representatives. he needs a mirror. >> it is not onlyp's who have spoken out against mr. abbott. >> he is a misogynist. he has a very poor view on lgbtq rights. >> now he will be on the advisory group. thi

. >> the u.k.nment ponlished an opi saying sovereign as a matter of domestic law and can pass legislation in breach of the u.k. treaty obligations. cabinet minister involved in today's emergency talks also spoke briefly to the media. a recognition that we have an obligation to the people of northern island to make sure nuthey con to have unfettered access. we as a gover hent alsoe an obligation we take equally seriously to make sure theth awal agreement and the protocol are implemented in a way to make sure the gains of secured and enhanced in the future. >> the union does not see it like that at all. in this tweet, here is the most scathing part of the statement. the eu does meant that the aim of the bill -- good friday agreement.ing it is of the view that it does the opposite. let's hear more in brussels. >> a sense in brussels that th government that they are trying to push the eu into the corner. we will not give them the satisfaction of walking out of these negotiations. but make no mistake. t

the u.k. government says it may break international law in an attempt to change the brakes a deal relating to northern ireland prime minister boris johnson intends to impose a unilateral interpretation of how arrangements to avoid a hard border with the republic of ireland will work the head of the u.k. government's legal department has quit in response and the pound has fallen sharply as the prospect of a no deal exit increases lawrence lee has. there been several rounds of talks already and mutual suspicion has only grown over time sticking points over trade to do with things like state aid and fishing with their already even before british government minister confirms that the u.k. now intends to break international law or an aching parts of the divorce agreement with the european union is out already signed up to. i would say to my friend yes this guy's great international law in a very specific and limited why we are taking the power to disappoint you nor concept of daraa to create requir