u.k. treasury warren a leaveve vote would decimate the economy, but it has not necessarily been borne out.are joined by the senior market analyst. thank you for being with us. the pound has taken a beating, but why isn't it lower? in the nors priced deal brexit? >> the reason is simple. mps in parliament have made theieir voices and opinions well-known that they are against a no deal brexit. you would imagine based upon that, they would go to great lengths from it happening. the referendum day, when you become overconfident in something, the shot can be severe. >> a look at the job picture. notable cuts. be at itsnt seems to lowest rate since the 1970's. we haven't left the european yet -- european union yet. was very good prior. it has continued along that path. just because the labor market is performing well now, it would be interesting to see. this, it would suggest in bad times, it can unravel quickly. we have seen murders and acquisitions since the leave vote. the leave?ause of attractive is an place for businesses. the appreciation of the pound created opportunity. that comes with r

u.k. treasury select committee chair of the conservative party. great to have you on the program.t are your thoughts on what you saw late into the night yesterday? what are your thoughts on what happened in the house? feel a sense of constitutional outrage or are you pleased no deal has from u.k. perspective been taking off the table -- taken off the table? sorry the way it happened because it was clear the prime minister realizes there will have to be in a -- extension but i did support the bill process. mp's felt it was important they set down the process for extension just in case the talks the prime minister is having with the labour party about a solution, an agreement that can that werehe majority captured the next few days will be critical ahead of the next eu council and we still need the prime minister -- she needs to be corrupt all will happen in that extension period. i do think that a no deal brexit has become much less likely. that is good for businesses in many ways, but we need to get to resolution of this phase of withdrawal. anna: do you think, and you know many p

u.k. treasury minister economic secretary john glenn has reportedly responded to a september call for crypto regulation from parliament's treasury committee mr glenn wrote to m.p.'s quote the government will consult early next year to explore whether crypto assets have comparable features to specified investments but that fall outside the current perimeter should be captured in regulation mr gowan did signal that legislation would be required to employ.

u.k. treasury minister economic secretary john glenn has reportedly responded to a september call for crypto. from parliament's treasury committee mr glenn wrote to m.p.'s quote the government will consult early next year to explore whether crypto assets that have comparable features to specified investments but that fall outside the current perimeter should be captured in regulation mr gowan did signal that legislation would be required to implement the likely result of that consultation to ensure all necessary legal authority for f.c.a. to properly regulate the crypto currency market as crypto currency best crypto investors and boom busters no regulators have wrestled with how exactly to define crypto zone long existing categories of currency securities commodities or whether to create a new category.

u.k. treasury minister economic secretary john glenn has reportedly responded to a september call for crypto regulation from parliament's treasury committee mr glenn wrote to m.p.'s quote the government will consult early next year to explore whether crypto assets have comparable features to specified investments but that fall outside the current perimeter should be captured in regulation mr gowan did signal that legislation would be required to implement the likely result of that consultation to ensure all necessary legal authority for f.c.a. to properly regulate the crypto currency market as crypto currency best crypto investors and boom busters no regulators have wrestled with how exactly to define crypto zone long existing categories of currency securities commodities or whether to create a new category. what better way to kick off a crypto currency special than by analyzing the top crypto bitcoin and with a bit coin want to one for those of us who still aren't quite sure how it works and there are quite a few we're going to hand you over to our correspondent trinity charges. one of the

u.k. treasury, philip hammond, and set together a working group together with the bank of england, the european central bank and the european commission to assess risks to the financial stability and to take necessary measures. for example, on the clearing a path, a temporary occurrence, a determination, so to say, mitigating potential effects. now, this concern is maybe not as immediate, so the question is how our longer term post-brexit cooperation in financial services could look like and there was agreement in the withdrawal agreement and political declaration that this could be based on a system of equivalent decisions. the eu is basically running an equivalent system, which is, i would say, most advanced in the world, which means that both sides preserve relative autonomy -- regulatory autonomy, and that's what taking back control means, and both sides take equivalent determinations with each other, but it's by sector by sector. law by law. and of course, it implies that u.k. regulatory frame work and supervisory practices help eustay close to the regulatory framework and produce equivale

u.k. treasury minister and current chatham house chair. >> the biggest issue that has been bothering me forhe past six months is the slowdown of chinese consumption. is, sadly andy bizarrely, why europe is so weak. germany has almost become a derivative of china. looking at it slightly more positively, what we got out of china in the past week might be the beginnings of evidence that china is starting to respond to the policy stimulus, and i hope so, because if it is not, we've got further tough times ahead. alix: is that what you are seeing, george? responding to policy stimulus? yeah. y -- guest: every time the economy slows down, the government has tools to stabilize and bring it back up again. infrastructure spending, credit stimulus, the usual suspects, really. but the problem is, as a number of chinese intellectuals have made public themselves when they've been able to, this isn't really the answer to china's economic dilemma. the dilemma is how do you transform the economy, and how do you re-energize productivity? this isn't really about six months worth of tax cuts or a break for co

u.k. population they contribute 10% taxes to the treasury? >> can i say to my honorable friend, i am happy to welcome their contribution, that they are making to our country. he has reference the economic country through taxes. many of them are running businesses, employing people up and down the country successfully, successfully exporting from this country and supporting our economy. they also play an important role in our society. i am very happy to welcome that and congratulate them on it. >> carolina lucas. >> thank you, mr. speaker. this friday, young people will again be calling for urgent action on the climate emergency. so far every party leader except the prime minister has agreed to meet members of this extraordinary uprising. following a speech at dabo's, and a meeting with pope francis, a 16-year-old from sweden, who has fought this uprising, will visit parliament on the 23rd of april. my question is simple. where the prime minister agreed to meet greta and hear from the young people? i do that, and this gives me an opportunity t

u.k. crashes out of the e.u. major fireworks on capitol hill. the testy exchange between treasury secretary mnuchin, and chairwoman maxine waters a big sign of the times. we'll tell you what country just unseated japan in the stock market rankings and london calling. jetblue reportedly making a big push overseas. the details coming up on this wednesday, april 10th, as worldwide exchange begins right now. >> i'm brian sullivan. where the european union is about to kick off an emergency brexit meeting there are now just three days until the u.k. crashes out of the e.u. we're going to take you there live in moments, but, first, new details this morning on what just could be the largest technology ipo ever. let's get more on uber's big plans. frank holland with more on the ride-sharing company >>. >> uber will reportedly seek to sell $10 billion worth of its stock. the ride-hailing company will make its ipo registration documents public as soon as tomorrow it will will kick off its road show uber seeking a valuation between $90 billion and $100 billion it could make it one of the bigg

u.k. crashes out of the e.u. major fireworks on capitol hill. the testy exchange between treasuryhin, and chairwoman maxine waters a big sign of the times. we'll tell you what country just unseated japan in the stock market rankings and london

u.k. -- eu if they never reach a compromise. they asked for a delay until june 30. the chief secretary to the treasuryays it would be like purgatory. ofhting on the outskirts tripoli as libya's government says it will start a counterattack against the self-styled libyan national army. this escalates a standoff in the opec nation that has the potential to rattled global oil markets. the military operation has been dubbed volcano of anger. at least 35 people have been since in the clash in -- wednesday. benjamin netanyahu has floated the idea of extending israeli sovereignty to areas of the west bank. this comes just days before the national elections. it seems aimed at right wing voters netanyahu needs in order to secure his fifth term in office. a faces a tight race against former army chief. global news 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. i'm desley humphrey. this is bloomberg. desley humphrey in dubai, thank you. the fed isn't hiking and now markets have begun to price in cuts. that should have been a good thing for e

u.k. may leave the eu if the two cannot reach a compromise. the prime minister asked the eu for a delay. the chief secretary of the treasuryays that would be like purgatory. fiat chrysler is teaming up with tesla to comply with eu emissions rules. the company is using the open pool option. the financial times reports the company is paying tesla hundreds of millions of euros for the deal. fiat has declined to comment. saudi aramco is preparing a $10 million plus bond offering this week. interest is reportedly more than $26 billion. the success of the sale is hugely important for the banks involved such as jp morgan. -- company benjamin netanyahu s floated the toa of extending sovereignty the west bank days before national elections. he faces a tight race against a former army chief. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. anna: thank you. european equities futures point lower. minutes away from the start of trade. next, a look at stocks to watch at the open including the italian oil company affected by its exp

u.k.. thank you for your time. the u.s. and china seem to be ever closer to a trade deal. the treasuryebt -- secretary on they are agreed enforcement procedures. they will open offices to ensure the other lives up to any deal. that includes binding pledges. thes get more details from deputy team leader. you are here today. how close are we to this, to some deal? >> we have steven mnuchin saying, there are enforcement offices they are planning to open up. this was one of the biggest sticking points. on that front, yes, this does signal clear progress. we have here and from president trump they are getting closer. they are still take issues remaining. technology transfers. details are still being hashed out. question of what happens to the tariffs in place. still some stuff to be worked out. >> enforcement, one of the big questions a lot of people had. despite some positive incremental progress, there are members of the party that do not appear to be entirely happy. do we see a situation where congress fights back, even if we do get a deal? consensus is a deal would be potentially good i

treasury curve. it could widen out to other major markets around the world. one place in particular could be very vulnerable. the chances of steepening in the u.k.urve must be decent, because you have a high chance of an election coming up regardless of which way brexit goes. election is a high probability. regardless of who is in control of the government, the u.k. has been lagging behind. the u.k. needs to stimulate its economy. if it is a positive outcome for brexit, the bank of england will want to raise interest rates. whichever way you look, the charges are the long end of the interest rate market is going to come under pressure. that could be one of the most vulnerable markets. matt: you touched on the lack of volatility in markets, but i'm fxking at developed market that have not moved for weeks. what can make a change their? is it trade talks? is it ecb tomorrow? what can make a move? the ecb is a possibility. that the u.s. has presented ideas on trade tariffs, we could start to get big rigs from washington weighing in. all it needs is a few tweets from donald trump. much.thank you very mark cranfield joining us with the market view of

held so low, and that is bleeding into treasury flow, leaving the .conomy david: what does the bond market even have to go on? i don't hear either side in the u.kre the issues, this is what happens with goods come up. with services i don't hear anyone laying that out for us. >> they forgot how to say it, but phil is right. the rates issue in the ecb trying to get away from a negative rate which has slaughtered the banks so the new tiers orether it phases, and the new leadership of the ecb, which is likely to -- noman, not italian disrespect to the italians -- is trying to get away from zero because it is destructive. any relief on rates raises those rates. the minute the rates in europe start to go this way instead of this way, the pressure is on u.s. rates to hold them lower. lisa: hold on a second. if i am understanding this correctly, that means if we do that could endit up being a better case scenario for world assets because if there is a deal that relieves pressure, allows rates to rise, that could be more directive. >> rates rising from negative rates is a good thing. the 10 year is not a good thing come about from 2.5% to 3% is a good t

u.k. with the ftse up by about .6%. also, take a look at what's been happening in our treasury market here yesterday the yield on the ten-year was sitting at 2.496%, just below 2.5%. it's still weaker today. 2.474% >> in news this morning boeing needing more time to prepare a fi fix for its grounded planes. it will submit new software to the sf aa for government's approval that's only going to happen in the next few weeks, and it's a delay. earlier boeing said it planned to deliver a fix to the faa by last week. now, more than 300 max jets have been grounded worldwide following two deadly crashes >> looch the airlines hoping that they'll be back for the summer rush, in terms of flights. a quick look at boeing shares this morning they are down just marginally this morning >> other stocks to watch this morning. amazon plans to cut prices on hundreds of items at whole foods. down to just, you know, maybe twice as much as a regular supermarket. the average price drop of around 20% unlike previous discounts. the cuts apply to all customers. that was made up that wasn't true >> they are called whole paycheck >> whole paycheck. >>