u.s. customs union after bragg's it for a certain amount of time the customs union is the arrangement by which the u. members apply the same tariffs to products imported from the rest of the world critics say the part of the plan will trap the u.k. in the box orbit for years banks are unhappy the plan gives u.k. banks insurers and asset managers limited access to european financial markets and even within the e.u. there are objections the french are upset because the draft leaves fisheries outside the single u.k. e.u. customs zone out of zeros jonah howell reports now from london. a prime minister in battled on multiple fronts but one determined to keep fighting i believe with every fiber of my being that the course i have set out is the right one for our country and all our people by the media she was asked if she was in denial about the chances of her breaks a deal success you're in office but not in power said one journalist if there is a leadership contest will you contest it asked another swing and there was little support to be found in parliament broken promises failed to go see asians

u.s. customs union after bragg's it for a certain amount of time the customs union is the arrangement by which the u. members apply the same tariffs to products imported from the rest of the world critics say the part of the plan will trap the u.k. in the box orbit for years banks are unhappy the plan gives u.k. banks insurance and asset managers limited access to european financial markets and even within the e.u. there are objections the french are upset because the draft leaves fisheries outside the single u.k. e.u. customs zone out of here as jonah howell reports now from london. a prime minister in battled on multiple fronts but one determined to keep fighting i believe with every fiber of my being that the course i have set out is the right one for our country and all our people by the media she was asked if she was in denial about the chances of her breaks a deal success you're in office but not in power said one journalist if there is a leadership contest will you contest it asked another swing and there was little support to be found in parliament broken promises failed to go see asia

u.s. customs union after bragg's it for a certain amount of time the customs union is the arrangement by which the u. e.u. members apply the same tariffs to products imported from the rest of the world critics say the part of the plan will trap the u.k. in the box orbit for years banks are unhappy the plan gives u.k. banks insurers and asset managers limited access to european financial markets and even within the e.u. there are objections the french are upset because the draft leaves fisheries outside the single u.k. e.u. customs zone out of zeros jonah howell reports now from london. a prime minister in battled on multiple fronts but one determined to keep fighting i believe with every fiber of my being that the course i have set out is the right one for our country and all our people by the media she was asked if she was in denial about the chances of her breaks a deal success you're in office but not in power said one journalist if there is a leadership contest will you contest it asked another swing and there was little support to be found in parliament broken promises failed to go see as

u.s. customs union for a limited time this would avoid a hard border between the republic of ireland and northern ireland the key sticking point in the negotiations with a spokesman for british prime minister to resign may has dismissed the reports as speculation leading business leaders joined campaigners calling for another referendum well let's bring in a backhoe and he's an associate professor dublin city university and the author of from partition to brags that the irish government nor the knowledge he joins us via skype from dublin the british government seems to be spinning in the papers that they're close to a deal but how close do you think we really are. i think i think they are closer certainly that's what the the do the optics suggest you have a period of silence for the last month that suggests that there's been a lot of or are we done in the background you might remember that over a month ago you had this very difficult meeting for treason in salzburg where her so-called checkers plan was on ceremoniously rebuffed and that was followed by a tory party conference where some very seri

customer. two u.s. pilot unions potential risk of [indiscernible] or not sufficiently spelled out in manuals or training. the system designed to offer protection against pilots losing control has been linked to to a deadly crash in indonesia. a lion air plane crash last month killing all 189 people on board. that is your bloomberg business flash. matt and anna. anna: thanks. up profits in the first half of the are despite the drop in the value of its holdings. the company reported a pretax profit of 42 million pounds and six months till the end of september up from 30 more -- 34 million pounds earlier. thanks for joining us. you have written down the value of your shopping centers down this time. tell us about the dynamics that led to that taking place. retail space has got its challenges but if you look at our retail portfolio, half of it has seen values in the plus or -1% range. that is because we have assets like leisure hotels, outlet, and so on, all of which performed very well and when you look at specifically

u.s. and uk wanting a free trade deal being one of the key priorities of both countries, and especially brexiteers, and given that right after brexit there will sort of be that two-year customs union, what would the u.s. and uk be able -- not be able to implement an actual trade deal, what will they be able to negotiate given that the uk will be skie decidiw closely aligned it will be with the eu. what topics or areas do you see where they could actually be negotiating. >> ambassador? >> it depends in part on how long it takes to negotiate the legal text that will turn into a proper treaty. the political deal that we expect to do as part of the overall package about the future relationship between the eu and the uk. now, if there is a good deal of detail in that political text, there needs to be some detail to have a meaningful vote in the house of commons, which has been promised. then should have a reasonable idea of the direction of travel for the uk/eu agreement as we kick off we kick off negotiations with the u.s. in the trade deal. we'll see how it unfolds, but you can imagine for a while the negotiations are running parallel, but we do the deal with the eu more quickly than

u.s. -- the u.k. and the eu similar to a customs union. this is not it for theresa may.ace more resignations like we saw last week and a leadership challenge. the times is talking about this morning, rivals preparing for leadership challenge. the threshold needs to be 48 letters to the committee. 23 tories on record have sent letters with some of the sunday newspapers saying that number is closer to 42. still not the 48 needed for the vote, but there is mounting challenge within her own party. nejra: all the bickering and the political fights in the u.k. is over the withdrawal agreement whereas of course therefore -- focus is turning toward the trading terms. for that, let's turn to brussels. what are we hearing on that? >> good morning. for all the chitchat we are hearing in the u.k. about their still being time to get a new exit deal, a new and improved withdrawal agreement, the music sounds differently in brussels. they think what has been agreed has already been agreed and that's not going to change. the focus is on the future relationship. the document that is still

u.s. customs and border protection agents on used tear . the american civil liberties unionenounced the action writing "under no circumstances should customs and border patrol be using the tear gas on children. the show of violence is outrageous and inhumane." in the last hour and a half, the chief border patrol agent for san diego said 42 people were arrested, including eight women and some children, which for some folks on the san diego side feels like a war stone. >> the group breached a couple sections of that, actually tore down one small section, started to rush across and that's another time they started assaulting our agents. we were able to hold them back using riot techniques. >> does it feel like a say w z they will arrest and deport anybody who rushed that border crossing violently. president trump calling for them to be deported as well, but the mayor of tijuana is calling this a humanitarian crisis and is calling for the united nations to get involved. laura? scott? >> one we'll continue to watch. >>> three young people are in custody accused of leading police

u.s. certainly we'll be able to trade and trade as we do at the moment because we're still within the the custom unioning point in the past was about new deals we can put together but as it stand it looks like, you know, 18 months down line we won't have had this trade deal put in place and therefore we can't get out of it unless eu say so-so we're in a position where we can't tell any potential trade partners when such a deal might actually come into play so why would it make sense for u.s. or os austria to put energy and efforts to put in a trade deal with u.k. to be five or six years until that is enacted so certainly it mattered -- hind ability to put deals together and that's one of the major selling points for brexit in first place certainly we're losing aft support for this from a number of different sides including on conservative side. >> she's meeting with business leaders there to try to get a plan through parliament sew if their voices add traction. thanks for being with us out of london we appreciate it. >> all right with that we'll going to say good morning to maria morning with maria st

u.s. customs and border patrol agents who used tear gas after agents claimed some migrants threw rocks at them. the american civil liberties unionction writing "under no circumstances should customs' bon der patrol be using tear gas on children. this show of violence is outrageous and inhumane." in the last half hour, the chief border patrol agent for san diego said 42 people were arrested, including eight women and some children, which for some folks in the u.s., feels a bit like a war zone. >> the group breached a couple sections of that, actually tore down one small section, started to rush across and that's another time they started assaulting our agents. we were able to hold them back using riot techniques. >> does it feel like a war zone to you? >> absolutely does and i think it's intimidation. >> mexican federal officials say they will deport anyone who violently tried to cross the border. the mayor of tijuana is calling this a humanitarian crisis and is asking for the united nations to intervene. this is a fast-changing situation. again, now we know 42 people were arrested on the u.s. side. we nomex khan authorities arre

u.s. -- between the u.k. and european union. theresa may has secured concessions from brussels for all of britain to remain in a customs union with the eu. her cabinet will discuss the situation tomorrow with suggestions she is preparing to give ministers an ultimatum to back a deal. 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: thanks very much. in genic out is the focus of our attention. red headlights surrounding a running -- headlines's a business that provides electronic transactions across various channels. the news flow we have is that the ceo who you see on your screen is stepping down at the request of the board. a bit of change over at that payment business. i look at the mgm t function on the bloomberg and click on the changes pad. , asn see under lazare executive chairman since 2007, we saw total returns down 7.9%. if you see management changes at a business, and interesting function. coming up, we will speak to the european commission vice president at 8:30 a.m. london time. lots to talk about with brex

customers thought possible. comcast business. beyond fast. >> 11:29 in hong kong. i'm paul allen. unions representing u.s.tial risks of the feature on the boeing three set -- 737 are not spelled out in manuals or training. it involves a system to offer protection against loss of off of the plane crashed indonesia's coast, killing all 180 non-aboard. he has been linked to a malfunctioning airspeed sensor that pushed the plane into a steep dive. a new report from the united iran is abiding by the terms of the nuclear deal. the report says to rent -- iran is keeping enrichment capacity below the agreed levels with world powers and inspectors were allowed to carry out checks on any site they wanted. report is the first and sanctions were be imposed earlier this month. india's consumer inflation eased , giving the r.b.i. room to halt rates when policy makers review strategy . se below estimate in a bloomberg survey. a weaker reading puts pressure on the r.b.i. to hold for a second straight meeting after it raised rates in august to the highest two years. the force behind marvel comics has died. stan lee was 95

will be trapped in this customs union limbo forever and will not be able to do their deals with china and the u.s. i would urge everyone to go to our website, the terminal, we have some pretty good coverage. we will talk more about the pound, look at volatility. whether parliament says yes or no to this deal. bloomberg users can interact with the charts shown in gtv . i have a good one. pound volatility. this is bloomberg. ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. francine: this is "bloomberg surveillance." it --e talking about rags brexit. some concerns about cabinet ministers resigning and not getting enough votes to get this deal through. let's get back to our guest. what does this mean for pound? , 1.10 or 1.40, depending on whether it goes to parliament or not? >> it is the defining issue. the spread of outcomes is a wide. i don't thin