u.k. and the u.s. is seen as suspicious by members of the european union. in the german press, there is absolutely or, not just at the top administration, but the idea that the u.k. is aligning itself with the united states so closely. certainly on the business front, german industry, although it is very slow and has been very reluctant to criticize u.s. policy, there is a kind of sense of disbelief and the outgoing german foreign minister recently made comments to the german press where he said he could not believe that we had reached a moment where it was up to the french and the chinese to advocate for globalization to the american public. host: there is a report of financial times -- theresa may place iron lady card at president trump's top table. she went to arlington national cemetery to lay a wreath and spoke about the special relationship. >> prime minister, you talked about you would be frank were you disagree with the president. can you tell us where in our talks you did disagree, and you think the president listened to what you had to say? and mr.

about the future of nato and syria, but the most important task is to nail down details of what a u.s.-u.k. trade deal would be like. >> he has already said to me that he wants to see a fairly strong relationship between the u.k. and u.s. into the future. there are issues that we will work together on in the future. the importance of nato, for example. defeating terrorism. these are issues where we share the challenges, we see the threat, and we have worked in the past. nejra: brexit will force the u.k. to get rid of much of its social safety net, and may call a 30% decline in wages in the next 20 years to enable the country compete. that's according to terra firma's chairman, guy hands. he thinks the effect on his business might be more positive. this is always one of the strange things about business, i think it is probably bad for the majority of people and the country, but i think my business is probably going to be good. nejra: saudi arabia's energy minister says opec and other oil producers have already cut supply by 1.5 million barrels per day since january 1, more than 80% of their

trade policy, will explore the parameters of a u.s.-u.k. free trade agreement. i think that will come through. katty: thank you, very much. president obama commuted the sentence of chelsea manning, who was found guilty of providing u.s. intelligence documents to wiki links and sentenced to 35 years in prison. it is a high-profile and controversial move. reporter: chelsea manning is responsible for one of the largest leaks of government secrets in american history. while serving in iraq as a low ranking private he hacked government databases handing 700,000 classified documents to julian assange's wiki links organization. he included this classified video showing u.s. forces machine gun in iraqi civilians. >>, on. [gunfire] reporter: also diplomatic cables from across the globe. more than half a million military records, a details american military tactics, and revealed the names of afghan informants. it was a huge embarrassment to u.s. diplomats by making public their private thoughts. >> it was a very unfortunate and that was taken that put at risk individuals a

the u.k.-u.s. defense relationship is the broadest, deepest and most advanced of any two countries sharing military hardware and expertise. the president and i are ambitious to build on this relationship in order to grow our effective economies, provide high skilled jobs of a future for working people for people across america and across the u.k. we are discussing how we can establish trade negotiation agreement, take forward immediate high-level talks, lay the groundwork for u.s.-u.k. trade agreement and other practical steps have taken now in order to enable companies in both to do business with one another more easily. i i'm convinced trade deal between the u.s. and the u.k. is in the national interest of both countries, and we will cement the congressional relationship, particularly if the u.k. reaches out to the world. today's talks, i think it was a significant moment for president trump and i to build our relationship, and i look forward to continuing to work with you as we deliver the promi

the u.s.-u.k. defense relationship is the broadest, deepest, and most advanced of any two countries sharing military hardware and expertise. the president and i are ambitious to build on this growionship and order to our respective economies, provide the high skilled, high paying jobs of the future to working people. we are discussing how we can establish trade negotiation agreements, take forward immediate high-level talks, lay the groundwork for u.s.-u.k. trade agreements, and identify the practical steps we can take now to enable companies in both countries to trade and do business with one another more easily. i'm convinced a trade deal between the u.s. and u.k. is in the national interest of both countries and will cement the crucial relationship that exists between us, particularly as the u.k. leaves the european union and reaches out to the world. today's talks were significant for president trump and i to build our relationship. i look forward to continuing to work with you as we deliver on

u.s. and the u.k. is in the national interest of both countries, and we will cement the congressional relationship, that exists between us, particularly as the u.k. leaves the european union and reaches out to the world. today's talks, i think it was a significant moment for president trump and i to build our relationship, and i look forward to continuing to work with you as we deliver the promises of freedom and prosperity for all the people in our effective countries. thank you. donald trump: very nicely stated. steve holland. where is steve? yes, steve. steve: thank you. you are going to be speaking tomorrow with the russian president. what message would you like to convey to him? how close are you to lifting some of the sanctions imposed on russia over its ukraine encroachment? what would you expect in return, and prime minister may, do you see any changes in british attitudes with sanctions on russia? donald trump: it was set up a year ago, early to talk about that. we look to have a great relatio

donald trump and theresa may have kicked off a new era in u.s.-u.k. relations. they held a joint news conference at the white house today and stressed the importance of good relations between the two countries. trump: governments must be responsive to every day working people, must represent their own citizens. , we lookime minister forward to working closely with we strengthen our mutual ties in commerce, business, and foreign affairs. courtney: theresa may is the first foreign leader to meet officially with trump since the inauguration. acceptedrmed trump has an invitation to queen elizabeth's birthday dinner. turningmay faces a aint -- angela merkel faces turning point in the development of the european union. she says the need to stay together is all the more important and that france and germany are bound by their response to extremism. can help keepins track of potential criminals. belgian, france, and the netherlands are introducing passport checks on euro star and your rail services. trump is considering lifting sanctions against russia, according to kel

u.s. and u.k. ing together to really push for change in places like nato saying listen, it's not serving the best interests of some of the members like the u.s. and u.k. who are highly supportive financially and in other ways as well. can the two join together to stand up to other nations there, russia, china, iran, others who may not want to see some of these changes and actually do anything to change the course of this huge organization that many people say cannot be reformed effectively? >> this is a time for strong, robust, bold u.s. and british leadership in the nato alliance. i think president trump is right to point out that far too many nato members are not pulling their weight in the alliance. it will be a joint message from theresa may and donald trump today. the whole nato alliance must unite together. i do think you'll see a lot of common ground between theresa may and donald trump today with regard to the nato alliance and a very strong message being sent to other nato partners, includi

they're going to help renegotiate u.s./u.k. trade. but you want to talk about things the media doesn't want to talk about it. you totally missed brexit. you want to talk about provable facts, you missed it all along. you got 14% approval rating that you have earned. you want to push back on us and, yet, you have a 14% approval rating. >> all i'm looking for is an answer to a simple question. you never answered why or the motivation of what was necessary about doing that yesterday. >> tell me why you just referred to us as ridiculous? tell me what we were lying about with the mlk bust. >> look, you're deflecting -- >> nbc covered that false report. nbc covered that false report, as did 3,000 other articles still up on line. chuck, you can't have a press coming into the oval office on day one of the administration. you welcome them in to be open and gracious and have a great relationship with the press. and a false article was written about the bust of martin luther king jr. days after trump met with martin luther king's son in new york

the u.k.-u.s. defense relationship is the broadest, deepest, and most advanced of any two countries sharing military hardware and expertise. we want to build on this relationship in order to grow our respective economies, provide the high skilled, high paid jobs of the future for working people across america and across the u.k. we are discussing how we can establish trade negotiation agreement, take forward immediate high level talks, lay the ground work for a u.k.-u.s. trade agreement, and the practical steps we can take now to in order to enable companies in both countries to trade and do business with one another more easily. i'm convinced that a trade deal between the u.s. and the u.k. is in the national interest of both countries and will cement the crucial relationship that exists between us, particularly as the u.k. leaves the european union and reaches out to the world. today's talks i think are a significant moment for president trump and i to build our relationship, and i look forward to

they are expected to discuss a u.s.-u.k.tracheal that would cut tariffs and make it easier for workers to move easily between the two countries. the country looks to secure deals in an aftermath of the vote to leave the european union. >> will be looking for improved trade between our two countries that will bring prosperity and growth to this country and ensure that we can bring jobs to this country as well. we will put u.k. interest and values first. >> will be back in an hour with the closing u.s. markets. short break.take a stay with us. 07qwqwó

u.k. and the u.s. the centrist liberal consensus and the newly populism,vism, protectionist tendencies. on the far right. electoral,t to your the difference is that the european politics tends to be more proportionate representations of the system, which makes outcomes less likely but it is quite obvious that marine le pen will be a major power broker in french politics after the election and that will affect the mainstream politics. anna: she leads in the polls run the first round and this chart is because of actually taking power at the end of that two-stage process. on the right side of this he is calling a fixed to the french economy. does that sound like a recipe that would be good for the french economy at this time? lena: i'm worried about the class divisions implied. electoralat the oculus plays in the u.s. and u.k. lends itself in the origins of the great financial crisis. the rise of any quality and there is a rising share of the skills andhas low low wages that have not received and not been

the macro guys will play the currency. >> if you're right, donald trump hinting at the u.s.-u.k. come up, the deal faster than expected. obama came over and said if you don't vote the way david cameron wants you to vote and stay in the eu, you will be at the back of the line. donald trump said maybe you won't. and europe could be the equivalent of china in the first quarter. >> this time year ago, going into davos, china was going to collapse, iron or, every single one of those china traits has gone horribly wrong for the davos men. i don't want to be a deliberate no international investors wants to be exposed to europe at all, so one of the things we are saying is what policies do you think will come out of a candidate who will win in france or germany. sophie: what do you see their? the fringe candidates seem to be supply-side reform, a positive potential realm. when we look at the company , that ise companies positive for the trade side of that. if you can reduce regulation him a particular labor laws in say a, then you start to little bit like what happened with the banks in

u.k. at rate of more than 10 projects a week. british companies employ people in every u.s. state from texas to vermont and the u.k./u.s. defense relationship is the broadest, deepest and most advanced of any two countries sharing military hardware and expertise. and of course, we have recently invested in the new f-35 strike aircraft for the new aircraft carriers that will secure our naval presence and increase our ability to project our power around the world for years to come. because of the strong economic and commercial links, and our shared history and strength of our relationship, i look forward to pursuing talks with president trump and his new administration about a new u.k.-u.s. free-trade agreement in the coming months. it will take detailed work, but we welcome your openness to these discussions and hope we can make progress so the new global britain that emerges after brexit and better equipped to take its place comfortably in the world. prime minister may: such an agreement would see us taking that next step in the special relationship that exists between us, ce

u.k. and the u.s. the u.k. has a trade surplus. a trade deficit between the eu and china.ch is why it is so important for the eu to get a good trader with the u.k. when those negotiations truly intensify. vonnie: i'm starting with the dollar. we are weaker in general, but stronger again today, back to one of 6.8 -- 106.8. they think this is a bit of a positive. yields are still rising. -- 100.68. , we are seeing 1.6% re after thee central bank in russia said it was going to make some purchases . strategists are not buying that this will weaken the ruble in way in the medium-term. weakening and stronger overall heading into the lunar near. gmm, we will see what we can see. higher among the g-20 movers. japan's nikkei as well. mexico having a difficult time, down 1% for the stock exchange. the bloomberg dollar index stronger today. in general, a weaker u.s. dollar. let's check on the first word news. courtney: president donald trump threatening to cancel his meeting at the white house next week if the mexican president continues to refuse to reimburse the unite states for th

or does she believe this is a price worse -- worth paying for a u.s./u.k. deal pill -- deal. ? will minister may: we bring prosperity and growth that will ensure we can bring jobs to the country. i can ensure that gentleman that we put u.k. values first. historic per capita spending an hour region, when compared to london is up to 40% lower for our local authorities. if 2% lower for our schools and 60% lower for our turn -- transport project. does the prime minister agreed to build a country for everyone by having a fair funding deal that works for everyone? i can assurer may: him that our commitment in the northern parts of england, including yorkshire is absolutely clear. we want to back business growth. we are backing the north powerhouse to help the great cities and towns of the north pulled their strengths. 100 additionalve funding this week and an action 30 billion on transports across the north. there are more people been work in yorkshire than ever before and the employment rate is a record high. that is good news for our economy. thank you mr. speaker. the european med

the u.s., u.k., europe, we have seen that act unity. the u.k. seen the least because we still see schemes immunize themselves up along and. there is less prevalent japanese and u.s. markets, the japanese boj has stood on the front and growth. of stimulating the big beneficiaries will be the banking sector in japan. that has ultimately been the problem, the bank says can you generate and carry in terms of the funding profile you have. curve steepening is an aid to that trade. you will stay with us. from loyal london asset management. we are minutes from the open. up next, a look at the movers in today's trading, including ubs after a massive profit blowout. more than tripling in the fourth quarter, blowing expectations away. this is bloomberg. ♪ ♪ matt: we are minutes from the european open. let's get a look at stocks to watch. ubs is one we will focus on this morning because the bank came out with a profit that blue estimates out of the water. it was more than triple the profit in the same quarter last year. 878 million swiss francs, about the f

u.k. and u.s. gulators and pay over $600 million in fines for its connections to alleged money-laundering in russia. $425che bank will pay million to you race regulators and $204 million to u.k. regulators. -- two u.s. regulators and $204 million to u.k. regulators. had numerous opportunities to detect, investigate, and stop the skin. by dfsstigation launched uncovered evidence of so-called mirror trades at the bank between 2011 and 2015. clients were buying securities in rubles at the bank's moscow office, then selling them for identical numbers in dollars. at a different branch. is said that they could have been used to facilitate money-laundering. deutsche bank has faced a series of fines and penalties in recent years. earlier this month, the bank paid $7 billion to the u.s. department of justice for its mortgages,-selling which contributed to the 2008 financial crisis. after that news, a deutsche bank settlement says -- obviously investors are relieved that the lurking issue has been resolved. e

u.k. is going to do as a member of the eu or post member of the eu and then that u.s. e directly in bilateral trade talks, but right now, the u.k. is a member of the eu and the u.s. has a multilateral trade deal with the eu. vonnie: when it comes to deficit , it may not be in the front of minds just yet, there are projections out, 30 years to 40 years, where do you see trump adding particular from the deficit? kim: fundamentals are something to hold onto doing uncertainty and they matter in legislation. scopeaphy will define the policy over the intermediate and long-term, meaning when the entitlements and, so in the meantime, the president seems to favor tax cuts are reforms that may complicate intermediate outlook but that is yet to be seen. bottom line is that that in the in the growing -- debt u.s. is growing but demography will push it back up in the next decade, and that is something that washington will not be able to avoid very long without assuming a lot of political and economic risk. vonnie: throughout the labor market, we often pick up those orders yesterday

u.s. and u.k. can lead the world according to cnn. teresa may well say that the united states and the u.k. make the modern world through our actions many years working together to defeat evil or open up the world that we've been able to fulfill the promise of those who first spoke of the special nature of the relationship between the u.s. and the u.k. prime minister teresa may at the white house tomorrow. she will be the first foreign leader that president trump will post as president. that story from the hill today. [inaudible conversations] >> i want to thank folks for coming. welcome to the 2017 state of this day. i'm scott patterson, executive director of the national governors association and a couple things to mention and then i will introduce a very distinguished panel to first name is the first angie loco. we are excited on the podium and the other thing i want to tell folks about because it's critical to know right after the election in december when those with and in a fairly multiyear. this is pretty significant partisanshi

or does she believe this is a worth paying for a u.s.-u.k. trained iliac and -- trade deal? p.m. may: we will bring prosperity and growth that will ensure we can bring jobs to the country. i can assure the right honorable gentleman that he is doing that. we will put u.k. interests and values first. >> thank you, mr. speaker. historic per capita spending an region is up to 40% lower for our local authorities. up to 60% lower for our transport project. does the prime minister agree that to build a country for everyone, we need to have a fair funding deal that works for everyone? p.m. may: i can assure him that our commitment in relation to the northern parts of england, including yorkshire, is absolutely clear. we want to back business growth. we are backing the northern powerhouse to help the great cities and towns of the north pull their strengths. they will receive an additional 156 million pounds in government funding this week, and we are spending an additional 30 billion on transport across the north. there are more people working in yorkshire than ever before, and the employ

u.k. needs the u.s. more than the u.s. needs the u.k.. it makes for good headlines.igned until the u.k. actually leaves the e.u. in two years. we had a promise of a trade deal that is ready to go. but a lot can change in that period. francine: what will they talk about? apart from trade. do we understand there is a fear that led to donald trump's election that there was with brexit? >> the thing they have in common is this idea of taking back control. that catch phrase. theresa may has promised to talk tough, to put britain first, to not climb down on principles such as the use of torture that has come up in parliament this morning. in practice, whether she is actually going to do that, when they are discussing the broad outlines of the trade agreement remains to be seen. tom: it is going to have the pomp and circumstance. it is not air force one. it is mayforce one. have you been on mayforce one or camforce one? have you been on this beast? >> i have not gone on the thatcher version but i have gone on mayforce one. tom: i have never heard this. it looks like a brani

u.k. trade side, the u.s. as a country is the same size as a trading partner for the export side as the e.u. 27 is a block. some sort of understanding early on would be potentially a blow to the u.k. trade as we move through brexit. and then i think the point guy made, which is that the u.s. has a new administration. many fear they have a protectionist agenda. yet trump has come out and said i'm a deal maker. it is very important to watch the mood music from his perspective. the u.k. is a major trading partner for the u.s. but in terms of exports to the u.s., it runs at 1/6 of the size of the exports that mexico sends. mark: a trade surplus with the u.s. john: that's right. with the u.s. it is a relatively modest amount if you look at the broad u.s. economy. it is a grownup trading partner. the u.s. can strike bilateral deals or at least look to do that or perhaps take some of the air out of the -- some of wind out of the sails of those pointing at the trump administration saying protectionist, anti- free trade

sir william cash, a lawmaker with the u.s. -- u.k. house of commons joins us.is bloomberg. ♪ mark: live from london and new yorkam mark rtonith vonnie quinn. this is the european close of bloomberg markets. the uk's highest court ruling prime minister theresa may must pass an act of parliament before she can open divorce talks with the eu. the ruling will not stop article 50 from being triggered. it may still jeopardize her intention to do so by march 31. joining us, sir william cash. thank you very much for joining us. to what extent will today's ruling delay the triggering of article 50? sir cache: i don't think very much. is that mostly the members of parliament and the house of commons, with the exception of some liberal democrats, the only nine of them -- and some labor people -- apart from that, there should be a healthy majority for the limitation bill. -- implementation bill. mark: they have 50 amendments. labor has three. that is a lot of amendments for the house speaker to make a decision on. will there be amendments allowed and table -- could they be

u.k. makes with the u.s., it would be actually fairly symbolic and not have that much of a big impact on the because they can't do very much until the u.k. extricates it self from the e.u. reporter: the u.k. can't do anything until it exits the customs union. that's the critical part. you could sign a deal the next day after that. so in theory, you should start negotiating at a that point. but let's be realistic here. negotiations in some ways started today. they'll start at a vegas level, they'll go on from here. the u.k. can't officially do. this as we know, the rules are there to be maybe bent a little bit, despite what the french say. joe: bloomberg's guy johnson at the white house. thank you very much. and paul macnamara, fund manager, will be sticking with us. we're going to talk russia and other emerging markets next. this is bloomberg. ♪ >> let's get to the news this afternoon. president trump's plans to overhaul the tax system and increase infrastructure spending should accelerate growth in the u.s.. the economy over the next two years. she said it's too early to predict how trump's

u.s. and the u.k., that is the perception. that means the linkage between the u.s. and u.k. comes more pronounced. , theng at the labor market u.s. and u.k. are on a similar point in the economic cycle. manus: this is the best-performing developed market and foreigners are still buying the most since 2015. market underpinned the briefly? >> with the concerns about inflation, that is valid, given what happened in japan last year. there are number of examples where currency devaluation has not had the expected impact on domestic price pressures. mid 2014.europe post anna: thank you very much. , is the cash crackdown working? an update on what is happening in china overnight. this is bloomberg. ♪ manus: is 6:30 a.m. here in london. .ollar-yen is moving that's the real indicator from the markets that the dollar is lower. concern about the strength of , this unfolds across the g 10 space. there's a new edition of daybreak available on your bloomberg and your mobile. let's take a look at some of the top stories. it's a changing mood from the fed. what a difference a few months make

much more broadly beyond any u.s.-u.k. trade deal. a couple of issues, nato and also u.s. and u.k.here are big concerns all across europe, including the u.k., about russia and the trump administration's relationship with russia. >> just the visual, right? this is president trump,ing and there was some concerns going in about who he would be on the world stage, and we know he likes that visual, and it will be interesting to see just what comes out of this sort of side-by-side. >> also on the world stage, the "new york times" is reporting that the trump administration is preparing another executive order for the president. this one that would clear the way for the cia to reopen the black site prisons that were shut down after 9/11, shut down late in the bush administration. senator john mccain said this in a statement. the president can sign whatever executive orders he likes, but the law is the law. we are not bringing back torture in the united states of america. he says in the united states of america -- >> landing strip in some random country at the airport. >> john mccain was on

the u.k. u.s. defense relationship is the broadest, deepest, most advance of any two countries sharing military hardware and expertise. i think the president and i are ambitious to build on this relationship to grow our economies and provide high skilled, high pay jobs of the future for working people across america and the u.k. we are discussing how we can establish trade negotiation agreement, take high-level talks, lay the lay the groundwork for u.s. trade agreement and identify the practical steps we can take now to enable companies in both country to trade and do business with one another more easily. i'm convinced the trade deal between the u.s. and the u.k. is in the national interest of both countries and will cement a crucial relationship that exists between us particularly as the u.k. leaves the union and reaches out to the world. today's talks were significant moment for president trump and i to build our relationship. i look forward to continuing work with you as we deliver on the promi

he has not said much about the u.s.-u.k. relationship. how important is this to the white house? kevin: very important, not only with a part trade perspective but also because it comes a day after where there was a political hick up with regards to next weeks now canceled meeting with the mexican president. in regards to march for life, vice president pence will be there as well as kellyanne conway. we hear that president trump will somehow deliver some kind of remarks, not attending, but maybe through a telephone call or something. with regard to trade at the white house, senior advisers i speak with our all signaling that this is about trade, about not only project to the u.k. but also to global world leaders that this is a president who wants to personally negotiate in terms of those bilateral trade agreements. vonnie: we should mention, this is a march that happens traditionally and presidents in the past have called in. tomorrow, we know from sean spicer the president will be speaking with vladimir putin, angela merkel, and france wall hollande.cois kevin: it is interesting

she seeks to build on the special u.s.-u.k.t just in trade, but in national security. trump officials for their part believe that they helped make her more aggressive on those pre-brexit talks and pushing for it very hard and this will help her in her negotiations with the e.u. australia also saying they are going to open talks on a post-brexit trade deal with the u.k. seems like may is making some progress. betty: but they are both facing pretty tough weeks. what is going to happen for trump and made? >> this sense of being a little bit disappointed in donald trump, in how quickly he can get his steps and acted, already hit the markets. it is hitting consumer confidence in the states. our team writing that when you look at republicans' consumer comfort, it is down to 43.9. democrats, their confidence dropping as you can see on your screen. independents are the loan group that are seeing it a little better. maybe because they are the people that in large part voted for donald trump. as for theresa may, there's a coalition that

said publicly she wants to build on the special u.s.-u.k.ationship, not just trade, but national security. trump officials say they believe their talks with may ahead of the brexit vote will hopefully be more aggressive and help her in her dealings with the eu. australia is opening talks as well with the u.k., and as theresa may says the u.k. is open for business, it looks like she's following up. yousef: let's continue that conversation from this part of the world. great to have you on the program. is trump going to deliver on the promises for fiscal reform and cutting taxes? if you look at what we have seen so far, false fema head, isn't it? >> i think he will make good progress on the promises he has made. the difficulty is knowing which ones he will really follow through on, cutting taxes, the potential for u.s. companies to repatriate cash, deregulation, all areas where we have good progress made. that, and beyond especially foreign policy and trade, it gets more difficult. i know the aggressive talk, but what we feel is more likely is

our pointing up in a number of countries like u.s., u.k., germany, japan, china.re you excited about china because what has happened there is not only does the economy look rather solid but also we have seen a reduction in the real interest rate do to rising inflation which is obviously very stimulative. it looks fairly optimistic and that is what is driving inflation expectations this year. do,s less what trump will he is still undecided or unannounced, the economic backdrop this year looks fairly attractive. manus: the markets react emotionally. -- they havehe fed done this before time and time again. it could be more than three because we are looking at full employment. manufacturing industry is recovering since mid last year which is a trend. expenditure is staying up there. if a trump really follows through with tax cuts than this will be even more. it could not be that the economy is halted -- hotter at the end of the year than it is now. anna: bloomberg will be speaking to the former u.s. defense secretary. that at 10:00 in the evening. wall street earnings

, let's take this tpp with its 11 members and let's see if we can drive that forward without the u.s. u.kcourt rules theresa may needs the permission of parliament to trigger the countdown to brexit. >> today, by majority of 8-3, the supreme court rules that the government cannot trigger article 50 without an act of parliament authorizing it to do so. >> the government determined to deliver on a decision taken by the people of the united kingdom and the referendum is granted by this house to leave the european union. we will move swiftly to do that. >> the government will be working to try and put before parliament a brief, simply worded document, the aim of which is to try and give fellow lawmakers is little to object to as possible. the s&p, the third largest party in parliament, said they will bring 50 amendments to whatever bill is put before parliament. it forces the speaker of the house, you might hear more about him, he has to be, he is the man who decides how many of the amendments are allowed in and how many of them get air time. that will be crucial. >> to what extent will the r

would jeopardize a future u.s.-u.k.de agreement. >> because our focus is in negotiating with a big bloc, the european union, to get a trade agreement done. and the u.k. is going to be in the back of the queue. >> reporter: mr. trump, however, was a vocal brexit supporter. >> people want to take their country back. >> reporter: nigel farage, the man who led the brexit movement, campaigned with mr. trump, and visited him in new york just days after his election. atop may's agenda now is to get president trump to commit to negotiate a bilateral trade deal as soon as britain leaves the e.u. yet president trump vows to "put america first," and has already issued some protectionist orders, like insisting new oil pipelines be built with american steel. britain's ambassador to the u.s., sir kim darroch, said what may needs now is a pledge to negotiate a deal, not the details. >> as we leave the e.u., we intend to go global-- to have a global series of trading relationships. i think it's reassuring to the british public to know

u.s. and u.k.leave the world based on shared values and what she calls the special relationship tween the two nations. the u.k. is that to leave the european union, and they tend to forge ahead with the transatlantic trade deal. theresa may: we speak the same language, neil of the same altar, and to a very large extent, issue the same ideals. we havencreasingly, economic, commercial, defense, and political relationships as well. i'm delighted that the new administration has made a trade agreement between our countries, one of its earliest priorities. you must help to grow our respective economies and to provide the high skilled, high paid jobs of the future for working people across america, and across the u.k. it must work for those who have too often felt left behind by the forces of globalization. anchor: her lack of criticism of the trump administration has angered some of her domestic critics. with more on her visit, ireland and correspondence. reporter: theresa may, the first foreign minister

very pleased to be the first foreign leader meeting with trump in the hopes of securing a bilateral u.s.-/u.kdeal. >>> still to come, super bowl 51 all sorted out. don was up all night watching. >> i was. and here's today's national weather forecast. from the weather channel. sgl >>> good monday morning. thunderstorms are finally moveing all the way south of florida. we'll be wrapping up with a lot of gusty winds across the southeast and a potential nor'easterer bringing pretty strong north easterly winds. in the west, the rain, the big rain continues to today. got one more day of showers and potential thunderstorms on the west coast, including l.a. where we had a tough weekend with flooding rain. and temperature-wise, overall, very mild across the country. above average in places like chicago, new york and atlanta. in the 70s in south floridflori. that's your coast to coast. ♪ 'ir f tut matt ♪ 'ir f ak ins, y par firth goventsand une 50d, celernso rer p ururntgs >>> welcome back to "world wide exchange." m. night shyamalan with the movie "split" doubling forecasts. the psychological thriller

they were to pay to resolve bribery cases in the u.s., u.k., and brazil. ack as far as 1989, and in the u.s. 2000. that is the bloomberg business flash. scarlet: what you need to know for the trading day. ♪ ♪ -- u.s. u.s. that stocks finishing the day lower. that follows record highs, but we did not get any upside in equities. joe: and the nasdaq was the big loser. scarlet: financials dragging things down. in terms of overnight and what we are looking in tomorrow, we have a lot of interviews starting with stuart gulliver. that is at 6:00 eastern. we will follow that up with jamie dimon and more. joe: i will be looking at u.s. cpi and industrial production tomorrow. i imagine folks will be playing -- paying close attention to the cpi number for hints of inflation. and later in the day, janet yellen speaking on the economy at 3:00 p.m. eastern. we will have live coverage when it happens. scarlet: earnings from goldman and citigroup before the bell and after that, we will break down netflix. that is it for what you miss juliette: ♪ haidi: you are working bloom

u.s. and the u.k. reaffirm their tight bond.resident trump: a free and independent britain is a blessing to the world and our relationship has never been stronger. laura: a short time ago with the use of his pen, the president signed an executive order putting extreme vetting procedures in place for refugees. and "moonlight" is in the spotlight as one of the year's best films. we will speak to the director behind this big-screen hit. welcome to "world news america." it has been a busy week of first for the new administration. today there was another. a visit to the white house by a foreign leader. britain's prime minister theresa may came to town in search of a trade deal. in the press conference focused on the hot button issues of whether sanctions would be lifted against russia and backing for nato. >> attention! reporter: a week since he took office, president trump welcomed his first foreign leader to the white house. british prime minister theresa may who came to power after the brexit vote last year. both new to their jobs

u.s. and u.k. is in the national interest of both countries. >> president trump said he plans to visit the uk, coming up later this year. he also said he had an hour- long phone call, with the president of mexico. he described it as very friendly. he said the and mexico will, indeed, negotiate the trade deals. tomorrow, mr. trump plans to make phone calls to the leaders of russia, germany and france. >>> the trump administration will reportedly look into voting roles, and look into whether millions voted illegally. the washington post obtained audio recordings, of vice issue with congressman is about people people being registered in multiple states. it is not illegal to be registered in multiple states. and according to reports, trump's daughter, and secretary nominee steve menuchin, and press secretary sean spicer are or were registered in two states. >>> a new report today on presumpt's obing -- president trump's obsession with the inaugural crowd. high ordered the -- he ordered the head of the

u.k. the huge difficulty here is that there is a massive shock in the u.s., an extraordinary change towardsn isolationist, protectionist administration, which is very different from what we have seen for decades. europe as a whole, including the u.k., are trying to work out how best to deal with this country. there needs to be some relationship with the u.s. but at the same time, the values theiberal europe are not same value as a trump america is currently espousing. and how you bridge that gap is incredibly difficult. greati mean, that is a point, and i'm starting to see almost like a new world order, where you have these old guard europe andntries in this new more authoritarian group of governments, the trump government, the erdogan government, and those are two of the governments that theresa may has been hanging out with the last few days. does the u.k. shakeout on the authoritarian side in the new new world order? this is airst of all, shameless piece of advertising because i have a book coming out called "brave new world -- grave new world," the end of globalization and the return of

the white house today to talk about the u.s./u.k relationship in a post brexit world.he wants a trade deal with the united states and she's under pressure to boost their economy by coming up with a one on one trade deal but also there's some areas of disagreement between her and president trump. comments that he's made about torture that she has denounced. so while economy and trade will be a big focus, not to mention the war on terror, the war against isis, what's going on in syria, we also are expecting to see that there are differences wean the two which may or may not come out when they hold a news conference later this afternoon. >> and the president has promised to build this wall and have mexico pay for it but there's a lot of disputes since mexico's president responded. >> reporter: mexico's president says if that's the case i'm not coming to washingn. so that meeting is now off. texas pushing back saying there's no way we'll pay for the wall. experts say american taxpayers would just end up footing the bill pr the wall if that's the case because the companies

u.k. would receive little in return. u.s. president donald trump has set a deal puts america first and the balance of power is clearly in washington's favor. intralia signed a trade deal 2004 which has been a political benefit to its economy, which makes key concessions but doesn't secure improved access to america's cultural markets. is closelyope watching stateside for indication of donald trump's economic policies. in finance minister meeting brussels. some are encouraged to u.s. president, trying to stability economy with tax cuts, deregulation and infrastructure. it is his comments on trade that are drawing concern. >> from the u.s. we will surely have expensive measures which are positive. but also some worrying issues we have discussed. a possible return to protectionism would be harmful. >> will the trump meeting in focus on the markets as disappointing gdp data out of energy stocks like and on wall street earlier from their chevron and goldman sachs tribute to the biggest losses on the dow jones. above european marke

u.s. scarlet: extending games close -- extending gains closing. u.k. emise or theresa may set to begin any moment speaking infidel of death philadelphia. committee tomorrow with president trump at the white house. president canceling his visit with the u.s. this sincen the biggest risk the nafta trade the a and 94. we will speak with the economic head of the mexican embassy. after the close, we will get earnings, alphabet, microsoft, on -- and paypal. another name to keep an eye on. let's look at where the major averages stand as we head toward the close. abigail doolittle is standing by. abigail: not a lot of action heading toward the close. the dow and nasdaq trading with the s&p 500. breeze -- a of a bit of a breather since early december, one that has the dow well above the important psychological mark but the big story around stocks, a very tight range and whipsaw's within the range. within that relatively calm service, we had earnings -- revenue estimates, ford missed saying thetimates, big draghi there is the forecast. stocks trading higher on th

other countries are going to say, as we heard theresa may say this morning, if there's going to be a u.s.-u.k be britain first. i think everyone will trout what donald trump has said, we're going to take care of ourselves and not anybody else, and the generosity of the american people, what we stand for, that kind of openness and inclusivity is out the door and other countries will close the door to us, to our trade, to our exports and ensuring that american workers have what they need in a world that's pretty complicated. >> despite the president's best efforts to cloud over the progress he's making in the early days by forwarding these silly notions about voter fraud in terms of what proof is available, rex tillerson said in his hearing the other day, what russia is doing in ukraine is wrong and that i would be for tougher moves there. as we all know, president obama would not give heavy equipment to the ukrainians to defend themselves against russians, controversial. does that give you optimism for rex tillerson as secretary of state sf. >> i certainly prefer he said that than repeat what