the decisions taken to leave the eu is a decision of the united kingdom, it will be the united kingdomhat negotiates the deal, and it will be the right deal for the united kingdom. ,> our national health service universities, and businesses are already losing talent because of uncertainty in the event of brexit could it is an uncertainty she could end right now. why doesn't she? intend andter may: i want to be able to do that but the only circumstances in which that wouldn't be possible is british citizens in -- if safety of british citizens in european union member states was not guarantee. this is up i hope we discussed at an early stage. >> as someone who campaigned to leave the european union i'm delighted to see my right honorable friend's incontrovertible commitment to honoring the will of the british people and supporting a successful future for our country outside the eu. will my right honorable friend agree with me that her starting position in the forthcoming negotiations is a strong one and that we are beginning to see positive revisions of growth, low unemployment, and expo

and future of the economy here in united kingdom. understand my friend has already met with ge to discuss with them their interest in trade and what we can be doing to promote free trade as i've said earlier, i want to uk to be a global leader in free trade and we are listening to businesses around the country and the importance they place on free trade as we look at the negotiations for exiting the eu. >> thank you very much, indeed, mr. speaker. is the prime minister aware of the recent reports showing the continuing and alarming increase in average alcohol consumption in the uk and in particular amongst women. given the numerous health risks associated with excessive alcohol consumptions, will her government re-examine the case on alcoholic products? >> i recognize what the honorable gentleman raises, recent in particularly to women and the rruis of alcohol, of course, i was part the development of the alcohol strategy that the government produced a few years ago and i'm please today to say that at the time we were working well wi

we're going to be ambitious for the united kingdom. that means a good trade deal as well as immigrations. >> mark harper. >> seems to me we're much more likely to achieve our firm policy objectives working together so i welcome the prime minister's moves to put russia's behavior on the council's gebd, a. she might have noticed a very robust statement by the new shadow secretary of state, condemning russia's behavior. when does she think the leader of the opposition will join

and future of the economy here in united kingdom. i understand my friend has already met with ge to discuss with them their interest in trade and what we can be doing to promote free trade as i've said earlier, i want to uk to be a global leader in free trade and we are listening to businesses around the country and the importance they place on free trade as we look at the negotiations for exiting the eu. >> thank you very much, indeed, mr. speaker. is the prime minister aware of the recent reports showing the continuing and alarming increase in average alcohol consumption in the uk and in particular amongst women. given the numerous health risks associated with excessive alcohol consumptions, will her government re-examine the case on alcoholic products? >> i recognize what the honorable gentleman raises, recent in particularly to women and the rruis of alcohol, of course, i was part the development of the alcohol strategy that the government produced a few years ago and i'm please today to say that at the time we were working well

augustine, there was goodwill with the united kingdom there was. there was shared economic interests with member-states. can my right honourable friend as well as russia and counterterrorism issues that will help folks the minds of e.u. negotiators in positive outcome in the deliberations? >> minister. >> much of the focus on the trade relationship that we have, but there are many other areas which we cooperate within states within the european union and areas such as on law enforcement, on counterterrorism and security where we want a close and enduring partnership with them once we leave. >> steve mccabe. >> i'm sure the prime minister understands the concerns of the british medical research sector about their continued access to it medical research networks post-"brexit". without revealing her hand can she give assurance she has plan to protect access for that vital research. >> prime minister. >> behind the ronable gentleman's question the only way to access those sorts of research networks is being through a member of the european union. the -

it will be the united kingdom that negotiates that deal and the right deal for united kingdom. >> businesses are already losing talent because of the uncertainty about the status of eu citizens here in the event of brexit. it's an uncertainty she could end now. why won't she? >> i expect to be able to guarantee the status of eu citizens here in the united kingdom. i intend and want to be able to do that. the only circumstances it won't be possible if british citizens in european union states was not guaranteed. this is an issue. as i said said previously, i would hope we would be able to discuss at an early stage. >> fernandez. >> as one who campaigned for european union, i'm glad to see the commitment for the will of the people and forging a successful future for our country outside the eu. will my friend agree with starting position in the negotiations is a strong one and we are beginning to see positive revisions of growth, low unemployment and exports set to outpace imports proving the scare mongers who predicted dire recession absolutely wrong? >> well, i say to my honorable friend, of

i think the united kingdom has a leading role with the life sciences. we will be doing so in light of recognition that if we have options through the health system of encouraging new drugs that benefit the patients that we should do so. >> there are record levels of spending going into mental health services. they told us that the proportion of funding going into mental health should be increasing. why is it that 57%. [inaudible] >> the fact that ice set out that we are spending record level is absolutely right but we recognize there is more for us to do in mental health. >> thank you mr. speaker. there's not enough help for mental health workers and i welcome the commitment to more research on mental health. when i ask what steps she is taking to make sure the funding for mental health are received. >> i'm pleased to say that's what we see, far from some of

we voted in the referendum as one united kingdom we will negotiate we will negotiate at one united kingdom there is no opt out from brexit. i will never allow divisive nationalists to undermine the precious union between the formation of our united kingdom. [applause]. the final thing i want to say about the process the 1972 act to all law and britain will no longer apply from the date upon which we formally leave the european union. and it in fact will be clear. it will be made and in brussels but in westminster the judges [applause]. interpreting those laws will be not in luxembourg but in this country. the authority of ely -- eu law will end. as we repeal the european community act the body of existing law into british law. when it is given royal dissent parliaments will be free. in matter set symptoms trade. to amend repeal, and improve any law it chooses. but by converting the key into british law we will give businesses and workers maximum certainty as we leave the european union. as th any changes in the law and let me be absolutely clear we will continue to be guaranteed in the [ap

100 and thee ftse ftse local united kingdom index. this is a chart for 2016. a record, not as much. as it comes from abroad. it is at a two-month low. investors are still focused on deterioration they think will happen from brexit negotiations. the biggest chemicals maker seeking to alleviate fears. the business model is finally running out of steam. focused on trimming the sprawling portfolio, cutting costs and choosing to that on the sidelines of the merger frenzy that is gripping the chemical industry. shares are little changed. minister is being investigated over fraud allegations. this is the percentage move against the dollar. look at how rare that is. a little bit of a bounce today. the cape.to he says they are politically motivated. titling to stave off the credit crating -- credit rating downgrade to rein in spending by the government. interesting view from goldman sachs today. a potential downgrade to junk is price yet. what a wonderful charge. showing a percentage move in the rand against the dollar in 2016. yesterday it was very rare. >> the volati

it's a commitment to the united kingdom and our future here in the united kingdom. i understand my friend, the trade secretary has met with g.e. to discuss their interest in trade and how to promote it. i want the uk to be a global leader in trade. we are listening to businesses around the country and the importance they place on free trade. >> jim dowd. >> thank you, indeed, mr. speaker. is the prime minister aware of the recent report showing the continuing and alarming increase in average elbow consumption in the uk amongst women? given the numerous health risks associated with excessive health, would the government re-examine the case and health warnings on all alcoholic health products? >> well, i recognize the honorable gentleman raises in terms of the figures shown and the figures in relation so women and the use of alcohol. of course, i was part as home secretary part of the alcohol strategy the government produ produced. i'm pleased to say at that time, worked well with the industry to encourage them that they could take steps to have an impact on the drink

security of us and it is important we recognize that and give generously to the poppy field over the united kingdom. in relation to syria of course it is important to approach this in a number of track. were involved, my right honorable friend the foreign secretary has been involved in discussions with the united states, sector and state senator gary about, sector a state carried about these particular issues looking for the way forward. i raised the issue of russian actions in syria come to theparc bombing of aleppo for the european union council at the end of last week. it was only on the agenda because the uk has raised it as result of that discussion the eu agreed that should the atrocities continue the we will look at all available options for taking action to put pressure on russia to stop the indiscriminate bombing of innocent civilians. >> i commend the prime minister are those endeavors but it's widely expected that the onslaught on aleppo will be unleashed by russian air power which is currently staying across the mediterranean aboard the admiral and its battle group. in recent years more

trade deals that in other countries are actually coming to us to say they want to do with the united kingdom. i'm optimistic about how we will ensure our economy grows outside of the european union. i have to say labor didn't want a referendum on this issue. the conservatives gave them a referendum. they did not results. we are listening to the british people and deliberate on the results. the shadow foreign secretary shouting from a sedentary position. the shadow foreign secretary wants a second vote. i have to say to her, i would've thought the labour mps would've learned this lesson. you can ask the same question again. you'll still get the answer you don't want. [shouting] >> thank you, mr. speaker. despite several rounds of european votes in senate, the college economy continues to lack around 30% below the u.k. average. does the prime minister agree with me that brexit provided the opportunity to develop their own economic program that will be less bureaucratic, more targeted and offer better value for money for the tax they are good though she confirmed her government will continue to

it is to introduce and make sure and the united kingdom as to whether they should be healthier than editing them. >> are you still workers have lost their jobs or his shots are threatened. given the news to be used with the new replacement submarine. is that what she means by being a party of the workers? >> i have to say to the right honorable gentleman that we recognize the concerns of british steelworkers and a half bad continuing to ensure we do what we can to promote and encourage and retain the united kingdom. and member of that is taken in the chamber earlier. >> dr., the nurses are treating a record number of patients with world-class treatments but despite being located in an area of rapid location due to the local clinical permission are among the most relatively underfunded in the whole country. what can they do to address the situation? >> of course we want to make sure that patients are experiencing the same high-quality care and that is why i understand the funding for my honorable friend this year is being corrected or accurately reflect the level of need that there is a glob

this is a a process that is going to take time to work through on the part of the united kingdom and the 27 as we go forward for two and a half years. thinking and evolve what are the issues, the solutions, what might work. i think, ultimately, the earlier message is one of patience and letting time do its own job in this is going to be an important part. you can't rush to judgment on any of these issues, especially when there are so many issues which is new and we need time to figure out how to arrive at solutions to respect the decision of the british people the interest and values of the 27 going forward with the strong commitment, political and economic that we have to taking the process of european integration further and the international partner who is have a strong shake. we continue to have an environment which is vital for competitiveness. the greater process, some of the colleagues mentioned it is now on the uk side. it's really very important to watch the dynamics of the final decision by the uk. the government only or there are some considerations that the british parlia

union but we need to leave the door open for the united kingdom.er and create, integrate capital markets across those 28 states if that is something the united kingdom wants. francine: they are the driving force, we hear that from member states, in certain ways, there is a thinking that europeans can consolidate because the brits were more difficult negotiations but how much will you miss them when it comes to the banking union? because they were good at reform, very good at understanding the market because of the richness of the city of london? >> i cannot confirm the brits were difficult and negotiations, from a german point of view, i will miss them very much and i always felt very close to the british position. francine: do you think london risks losing jobs to frank for because of rank -- frank for because of brexit -- frankfort because of brexit? >> i do not the dominance of what it will change but drops are moving. that is not -- my mandate is not to be a promoter of the city of fort or any other city, it is my job at that we do not have a d

fighting. 14 teenagers from the jungle refugee camp in calais are reunited with their families and united kingdom. police p prepare to dismantle te cam. at least two dead and two missing following an explosion at a chemical plant in germany. largestt is the world's chemical factory complex. residents living nearby have been advised to stay indoors. hast, the battle for mosul begun and is on schedule according to the latest report. backed by the united states, the iraq he army has teamed up with tens of thousands of kurdish fighters to oust the islamic state group. around 5000 isis fighters remain in mosul and they are put up to -- expected to put up a fierce resistance. >> with the first light of dawn, troopsurdish peshmerga advanced toward mosul. islamic state has placed booby-traps on the roads surrounding the city. >> i have joined my brothers, the peshmerga, to take revenge for the death of my father, who was killed by the so-called islamic state group. the operation will go on until we achieve our objective. recaptured three villages under control of the jihadists. >> the offensive has been

something changed fundamentally, we had an important political development in the united kingdom. they are going to leave. the precise way that is going to happen and what is going to happen afterward, that is out in the open. i think the initial reaction in the united states, of course, is one of concern for what this means for the strong reliance -- alliance with europe. obviously, it's easier from the point of view not just of the u.s., but many partners, if we have 28 countries, a one-stop shop, all party, all part of the same union, the fact that now an important member of the european union is going to withdrawal and develop separately, i imagine the u.s. is concerned as to what this means for how we manage the relationship. it's of concern to all of us, frankly. we will all be watching carefully to see how it develops. i think the one thing i would say is, i think we are all going to need a lot of strategic patience. this is going to take some time. we don't yet know what the united kingdom is going to propose. the prime minister indicated triggering the article 50, which is

out, is sterling depreciation the drug of last resort for the united kingdom? the way we are going to go is to migrate trade weighted sterling down to that red circle? richard: part of the reason the u.k. economy has held up better than most people expected is you have seen a reaction both from the central bank and in the currency market, which is hugely beneficial to the broader u.k. economy but also in particular to the stock market. earningsto 80% of the of the u.k. come from overseas and they still have a huge account deficit. sterling is likely to remain under pressure and at low levels for some time, but that is good news and that will help keep the u.k. economy growing but it will still be a very slow pace. tom: it is wonderful to have both of you with us this morning , the news flow interesting even though the markets are quiet. we will drive forward the discussion on austerity. david blanche flour from dartmouth -- from dartmouth college joins us. this is bloomberg. ♪ guy: i am guy johnson in london, tom keene in new york. here is the bloomberg busines

not all those hoithnored here w a statue are from the united kingdom. there's nelson mandela, south africa's first black president and nobel peace prize recipient... as well as abraham lincoln, the american president who fought the civil war to preserve the union and to abolish slavery. but there was one particular person's likeness i wanted to see. they say the statue of prime minister disraeli is here in parliament square. let's see if we can find it. disraeli actually served twice as britain's prime minister under queen victoria. nope. that's not him. in the age of imperialism, disraeli is credited with influence around the world. a popular saying in his day was that, "the sun never sets on the british empire." neither is this. even though i was assured his statue was in the square, i couldn't find it. do you think they take statues away for cleaning? exasperated, i googled him and discovered that his statue is he, after all.re in fact, it was one of the except that the name on the base isn't disraeli, but his official title of earl of beaconsfield.

in the with inflation united kingdom.at theme in the literature over the weekend. anna: it is certainly something that nearly every economist we speak to seize around the corner. this has implications for central bank policy. they think they will lift through inflation. tom: a lot in the literature this morning. a smart note. right now, let's get to the bloomberg first word news. taylor: police in france have begun to dismantle and the dismantlegrant cap -- camp known migrant as the jungle. attack. police came on theresa may runs the risk of a constitutional crisis over brexit. that is according to a report from the in situ of government. she needs to involve the leaders of wales, scotland in her agreement. alibaba wants to use big data to prevent crime. it is said that policing cannot happen unless the government has the ability to analyze data of its citizens. strategistpolitical karl rove does not believe that donald trump can be elected president. he said, i do not see it happening. he said even if trump wins the stat

but this is a united kingdom. competence is something decided by the people of the u.k.'d expect them, you'd expect the government of the united kingdom to be the lead in the negotiations. just one interesting reflection on all of this sort of consultation of parliament and consultation with the devolved administrations and so on. i have seen plenty of european negotiations and treaty negotiations. and at no stage in the run-up to the climax of those negotiations has there been any attempt to pre-agree a position with parliament, let alone with the regions or their administrations. so there's a certain amount of hoakum here. >> sure. but there is -- on the point of process you are saying there will not be an agreed position. they'll merely be consulted which goes against what the prime minister told the first minister at the very start of this. >> i think i have answered the question. >> right, okay. let me ask you one further question on this if you can't answer that question. you talked about entering this eu law. is there any law that david cameron signed up to with h

a retail bank that tends to do very well in the united kingdom. with the results and set a couple financial targets for ourselves when we laid out the strategy on march 1, a double-digit return on equity for the corporate of the bank. we livered that again in the third quarter, managing our costs. we are on target to hit our cost target for 2016, continue the progress in in our capital -- progression in our capital bill, given we have taken provisions this quarter for ppi and had headwinds from our pension, so we are pleased with the results. we have a long way to go. close non-court in 2017, which we will do. be yourhat will barclays, mr. staley, won't it? a bank shaped in your own image. pti, -- another charge on ppi is this the last major charge on ppi, mr. staley? jes: given everything we know, we feel we are fully reserved with this charge we have taken this quarter. we think we have the reserve levels right and let us see what happens down the road. manus: you are right. who knows what happens for the rest of the delegation? talking about th

we had a political development and we know the united kingdom is now going to lead the way that it'swant to stop shop and party, the fact that now an important member of the european union is going to withdraw and i imagine the u.s. is concerned to what this means for how to manage the relationship. it's a concern to all of us and i think we will be watching carefully to see how this develops. i think we are all going to need strategic patience. we don't get wit what the united kingdom is going to promote proposed with the prime minister with the article where it takes place in some time in the spring there is a two-year time frame so we are looking at how the uk is leaving into the building it's probably going to take longer to negotiate so we have some uncertainty and have to figure out how we do this and we've never done it before with the exception that a bigger country but with no precedent we have to figure out how to do this and it's going to take time and things are going to evolve. i appreciate that it's just my final point but it's an important subject. i appreciate that ev

we love serving our customers across the united kingdom.ve 24 million consumers in the united kingdom, and we love being a global investment bank from asia to europe to the u.k. to the u.s. we think we have an investment bank and a corporate bank with greater reach, great clients, and we like the hand we have. >> you have been trying to dispose of your non-core assets including in africa. how is a coming along? what is the status? >> we did the first sale of a 12% take. it went extremely well. very good price we think for investors and for us. a lot of demand left unmet. there is demand for our ownership in barclays africa. it is a great bank, very well run. we do have to negotiate the separation of workplace from barclays africa, which is what we're doing now. it will take some time. it is not an easy negotiation, but we will get there, and in there is clearly demand for our stake and we will exit over a reasonable time our shares. >> one final question before we let you go. the biggest risk banking world faces right now. there is so much

there is an early screening happening in the united kingdom. as far as when we'll be able to see it, they haven't been able to put an exact date yet, but i wanted to put the trailer out there to give you a little taste of what's happening. >>> watches on k fox in el paso, texas is the latest winner in the "rtm" ipad mini giveaway. >> and you could win, too, all you need is tuesday's buzz word, be at least 21 years old and a resident of the u.s. or canada. a bit. >> stand by, everyone, for the "rtm" ipad mini giveaway. >>> when it comes to trends on youtube, the one that won't die is the hundred layers of whatever. hundred layers of just about everything you could see here, putting on eye makeup and lipstick, people were doing underwear, hundred layers of nail polish, and people got into hundred layers of clothes. new video has popped up on twitter. it's certainly catching peopls attention. >> i can't do this. >> 100 layers of clothes. >> i can't take them off. >> while at home alone. >> now she's in the middle of a gigantic freakout. >> this is

does it have any relevance to edf working in the united kingdom? >> i would say certainly not in the short term. in the long run we'll see what will be the new balance of things between the united kingdom and the rest of europe and we'll address. i'm sure that business driven relationships between britain and the rest of europe will remain very solid and we count on britain to make the right decisions in that respect. >> reporter: we're counting on france to do the same thing. thank you very much. always a pleasure. jean-bernard levy ceo of edf taking pertinent questions on hinckley point. back to you. >> thank you very much, steve joining us live out of istanbul. just switching gears from istanbul to south africa. it seems that the south african finance minister has now been issued with a formal summons for fraud. according to local eyewitness news service reported by reuters. we're hearing via reuters that at some point he'll be summoned to appear in court on the 2nd of november. his lawyers say they will issue a statement in a very short while.

with the coverage francine had out of the united kingdom. government, and to 94, persistent currency depreciation. when somebody in the media says to you there is a currency war, a phrase we love -- is there a currency war, steve stanley? steve: i think a lot of countries around the world are trying to achieve a weak currency as a way to boost their economies are it or has been that dynamic in the last five years or so. i do not think the fed is necessarily of the same mindset there. thefed does not want to be currency to be too strong, but they are not seeking an active weaker currency. dollar rates. trade went up 20%. it is difficult to see that happening again. if it does happen, the fed will just -- tom: the politics in the is certainly brutal there, and for president obama it is brutal. what is the economic view? neil: it is pretty positive. it was one of the countries -- the balance sheet looks good, the economic reform program was good. now the policies have turned sour. mexico is similar. before an program looks good, the policy has

jonathan: dallas prime minister may of the united kingdom -- dallas prime minister may of the united iations will be ongoing when she triggers article 50. this is the chief negotiator. the negotiations will be done in french. david: i had not heard that before. maybe the other side will speak in french and she will speak in english. in the markets, futures down by 53 points. market i in the fx want to foot too quickly. the euro has gone nowhere for months. now we break through this trading range we have been in a couple of quarters. $1.09. we are testing a march low. yields stable around 175. david: here is what you need to know what this hour. a snapshot of the global economy. 2016 forecastts and honeywell posting its first profit drop since 2011. we can call it the draghi hangover fallen to the lowest level since march. linton trump and hillary trading in the boxing gloves for humor last night in new york. the u.s. presidential candidates appeared on stage together one night after facing off in the third and final debate ahead of the elections. that is what you need to know what thi

what we have seen is conventional gas supply in the united kingdom decline quite a lot. effort to understand what the short gas resort space in the u.k. anna: this is going be watched by other companies? kelly: absolutely. there's a lot of countries that have bans on fracking. if cuadrilla is able to drill these, we may see a revisit on some of these bands across europe. anna: how much potential this technology has the u.k. a lot of questions environmentally. amounts of the potential that lies underneath the u.k. and other parts of europe, this would be crucial because we will get some answers. javier: the answers may not be as good as is expected. there is a positive development for the industry, they are going to be of the drill here in the united kingdom. we have seen elsewhere the main obstacle for the development of the shale industry has not been opposition from government, it has been the geology is not nearly as good as in the other places we are seeing a big development in the shale industry. the united states is one. now we are seeing it in argentina. it is a t

it is amazing, the manufacturing decline in the united kingdom. anna, what do you have? egy has been much mention since theresa may took power in the u.k. i have a chart about inflation. inflation in the united states. he saysalking about how they are winners. he says this -- he sees this kind of inflation as a 10-year breakeven. how does that way in to the investment ideas at this hour? tom: as we did last hour with arnab das and mark phelps, across two different platforms, we are thrilled to bring you dominic konstam of deutsche bank. coughs] tom: i have the plague. joe quinlan is with us as well. class have full? >> it is not dead, tom. we are still plodding along. global growth is rebounding. holding upr world the stock market, dominic konstam? and that equals acid buildup and equities? : if interest rates rise in a meaningful way, the risk asset stock market would be resolved to a correction. tom: you have to be kidding me, joe. his world of low interest rates is the oil in the engine that makes m&a run, right? joe: absolutely. no doubt. the low cost of capital is dr

a stronger united kingdom, we are going to have this dialogue and the united kingdom is going to leave >> the focus on the economy. we will hear from the chancellor later this morning, francine at how much emphasis are spending will they commit to? -- later this morning, francine. how much emphasis are spending -- on spending will they commit to? to mujtabaet's speak rahman. i'm confused, we are not calling it brexit. it all goes to the fact that there are red lines if this country wants immigration to be free-flowing, then they will not have access. and of story. mujtaba: i don't think there's anything surprising about theresa may's speech yesterday. she has confirmed the speculation that the internal is going to push the u.k. government to prioritize immigration. if we do that, they will limit access to the single markets and services as well. that is going to be the frame in which the negotiation will take place for the rest of europe. francine: when you think article 50 will be triggered? she says by march. is it better to do a january? mujtaba: the government will need to give its

but let us never be in doubt that the united kingdom's best days still lie ahead of us. after all, we're not only a nation of shopkeepers. but also of artists and scientists. a country of entrepreneurs, innovators and inventors. and let us not forget of our olympic and paralympic greatness. for britain is a land of strength, determination and resolve. we are a global trading nation. and even though we are leaving the european union, we are not leaving europe. we will not walk away from our allies but we'll seek to reinvigorate old friendships. we will not abandon our neighbors. but we'll scan the horizon for new opportunities. we are not leaving behind our past. but instead, we are preparing for our future. so conference, the british people have spoken. let us embrace the opportunity that brexit provides. let us go forward together and let us build a bright future for our great country. thank you. coming next is my good friend

but this is a united kingdom. competence is something decided by the people of the uk. you'd expect them, you'd expect the government of the united kingdom to be the lead in the negotiations. just one interesting reflection on all of this sort of consultation of parliament and consultation with the devolved administrations and so on. i have seen plenty of european negotiations and treaty negotiations. and at no stage in the run-up to the climax of those negotiations has there been any attempt to pre-agree a position with parliament, let alone with the regions or their administrations. >> sure. but there is -- on the point of process you are saying there will not be an agreed position. they'll merely be consulted which goes against what the prime minister told the first minister at the very start of this. >> i think i have answered the question. >> right, okay. let me ask you one further question on this if you can't answer that question. you talked about entering this eu law. is there any law that the cabinet signed up to with his european partners that you wouldn't hav

we know henderson will the list in the united kingdom -- will delist in the united kingdom.about the united states? of assetre is a list managers that is down 17% this year. their stock did very well over the last few years as they tried to do deals with different partners, especially the daiichi japanese insurance company. they got up more than 60%. but the general challenge for a lot of these money managers -- active money managers, stock beat the- they cannot markets. investors are putting more of their money with passive managers, mitchell funds and etf's. guy: janus capital is famous for another name, bill gross. joined in 2014 after leaving pimco. how does this transaction changes role? does it change anything for him, do you think? this it shows they hired strong guy, and so far at least he has not attracted that much money. whichages $1.5 million, is pretty much money in the real world. half of that money, almost, is his personalm fortune. 700 million he put in their last year. the fund has not done much to move the needle for janice. -- janus. bill gross makes milli

the united states had no diplomatic relations with bhutan. it is bhutan's choice. the kingdomoses to have no relations with any of the five permanent members of the un security council. the bhutan government have embassies around five cities around the world. thanks to all of you for being apart of my program this week, i will see you next week. >>> good morning, it is time for reliable sources. our weekly look of the story behind the story. team trump verses, well, the entire media. h his lying is getting worse. we'll ask two experts and this question, do newspaper endorsements still matter. we'll look at the red states papers speak out. and plus, shawn hahnty, he was the subject of the joke on "snl" last night. first, lets yield back the curtains on the f

and 2080. >> i'm very happy to attend when it takes place here in the united kingdom. i can assure my right honorable friend we are looking at possibilities of trade deals in relation to commonwealth and i too applaud the first-ever meeting which is taking place in support if we look to forging global role in the world ensuring trading our way around the world. >> local clinicians are absolutely clear it will cost lives in a decision the government will have to make. will the prime minister please commit today to see what the effects of the decision with the. >> i say to the honorable gentleman with his appointees raised its concerns. i say to him, the point of which were approaching this as the decisions are taken in generated from the local level. the local area will be looking at the services necessary to ensure that they're able to provide services needed and save services for people over the constituency. >> the tragic birder of one prison and the wounding of two others declining safety in our prisons. will the prime minister give justice will supporting commissio

what happened to precipitate these changes in the united kingdom? >> they came about through problems. >> like a national scandal after a series of high profile false confessions including an arson murder case eerily similar to robert davis'. >> instigated of the way prisoners were dealt with in custody. >> the result? a complete overhaul of the system. every officer in the uk retrained to rigorous standards that apply in every region of the country. strict rules were put in place for suspect interviews. all interviews in serious cases. video recorded. >> there were two cameras up there. one gives a head and shoulders shot of the interviewee and a clear picture of you. the other is a global view of the room. everyone who's in the room is shown in the picture. that's about showing exactly what happened. >> and this was key. no more lying. in america, it's legal for cops to lie to suspects. not here. >> could you, for example, go into this interview and say, i have a certain specific piece of evidence that tells me you're guilty if you don't have that

for me, it was less about brexit and the united kingdom, or for that matter greece, and much more aboutthe adult in the room for europe. francine: i think a lot of the chat was actually looking forward to your presidential debate. a lot of people were asking questions, even certain governors that shall remain unnamed, who were asking what a donald trump presidency would mean for stocks across the world. we also had to of course talk about deutsche bank. tom: i note mexican peso this morning over the weekend -- not just the debate, but the news flow and outrage over the weekend -- clearly, a stronger peso signals a better monday for secretary clinton than mr. trump. with that said, we will see how the poll's out in a second debate. we go to a third debate october 19, i believe. on deutsche bank, a pullback well within the range this morning. on "surveillance" on morning the news flow out of deutsche bank. it is up in the air. francine: and certainly the stock is not liking it at all. we had a conversation on saturday afternoon with the president of the swiss national bank, mr. thomas jor

in the field of investment funds, they are mostly originating from the united kingdom.hen i went to london in july, i said to the players of the london financial centers, we come here to continue to do business with you. on the other hand we are a natural take for those actors that need to find a place in the eurozone or on the continent, but i think this can be done in good harmony with the people that are in london. >> have you been fielding calls from interested parties? >> the question of access to market is wide open. i think we are still in the very beginning of the whole negotiation, and so there's a little bit uncertainty and investors don't like uncertainty. >> if i were a bank, why would i go to luxembourg? luxembourg is the second-largest financial center in europe. the first one being london. we are very well positioned. we have a diversified financial center specialized in investment insuranceprivate bank and corporate lending. we have a lot of specialties attractive to the specialists and on top of that, we have experience and top quality regulators and al