london gets it. and if you look at it, you have to understand he was flat on the ground to get that shot. he often shoots up on the natives to ennoble them. they went aboard a slave ship, which was nearly overrun by angry islanders. they were saved by the local missionary. these are all inhe solomon islands. and there is jack saying good-bye with his camera. [ applause ] >> thank you. >> i just want to utter a half dozen words to sum up the entire show of the photography. jack london's literary idol was the novelist joseph conrad. conrad wrote, "my task is before all to make you see that and no more and yet it is everything. if i succeed, you shall find there, according to your desserts, encouragement, consolation, fear, charm, all you demand. and perhaps also that glimpse of truth for which you have forgotten to ask. thank you." [ cheers and applause ] >> next up is peter blodgett. >> thank you, bruce, and i'm >> thank you, bruce, and i'm happy that i managed to navigate past my cospeaker donna camp

for london, the city, like london, and other large cities, london new york, the city was the source of poverty polluted place that starved both the soul and body. he looked to the soil, the rural life as a place to restore physical health and psychological wellbeing. when he found the farming land he wanted in 1905 in the sonoma valley, he wrote to his editor to describe, quote, 130 acres of the most beautiful, primitive land to be found anywhere in california. end quote. like so many emigrants before him who had traveled overland or around the horn to reach the land of golden dreams, london recognized the special meaning and opportunity of california. his dream was to create a ranch that would operate according to modern ecological principles. he believed his ranch would be a socialist model that would benefit people, and he determined to establish a part of the ranch as a respite where labor-worn workers from oakland and other cities could come for healthful rest and recovery from the city-bred evils of their lives. in 1911, he decided to launch a three-month journey north, north fro

for london, the city like london, and other large cities, london, new york, the city was a source of poverty and a polluted place that starved both the soul and the body. he looked to the soil, to the rural life, as a place that would restore physical health and psychological well-being. when he found the land he wanted in 1905 in the sonoma valley he wrote to his editor to describe "130 acres of the most beautiful primitive land to be found anywhere in california." like so many immigrants before him who had traveled over land or around the horn to reach the land of golden dreams, london recognized the special meaning and opportunity of california. his dream was to create a ranch that would operate according to modern ecological principles. he believed that his ranch would be a socialist model that would benefit people and he determined to establish a part of the ranch as respite where labor worn workers from oakland and other cities could come for helpful rest and recovery from the city bred evil of their lives. in 1911, he decided to launch a three-month journey north from sonoma.

london. live from london and new york, i am vonnie quinn. nejra: i am nejra cehic. this is "bloomberg markets." it is very cold in london, though it may look nice. more from our newsroom in new york. the european union citizens in the city will not be forced to leave after brexit. we spoke with francine lacqua. >> the idea that people can be used as bargaining chips is offensive. i have been told this by the government. that theynceivable would be forced to leave london. that certainty is crucial. if you are londoner, you are welcome here. >> the mayor's office says one million eu nationals live in london. the man who attacked fellow students at ohio state complained about the poor treatment of muslims. law enforcement officials told cnn that abdul razak ali artan said in a facebook post that he was tired of seeing most homes killed and tortured. victims remain hospitalized. president-elect trump named a critic of obamacare to be the secretary of health and human services. tom price of georgi

if you are a londoner, you are welcome here. >> about one million eu nationals live in london. thanews powered by more 2600 journalists and analysts in more than 120 countries. this is bloomberg. nejra: thank you. both the breadth and the vti crew lower on the day as pessimism sets in on the chances of an opec deal. the opec minister has spoken, saying that all options are on the table, that we need a supply deal to speed up recovery. ministers from every opec member will hold talks this evening hosted by qatar and saudi arabia. we are live in vienna with a special guest. take it away. we are seeing goldman sachs saying 30% chance of a deal at the moment. a lot of momentum ahead of tomorrow, especially when the ministers will meet tonight. i am joined by someone coming to opec since 1986. michael rossman, thank you for joining us. bloomberg learned that the saudi's are taking a hard-line, that they will not cut it iran and iraq do not join. what is your take, is this hardball or real? >> it is real, i think, they to make abody wanting gesture and leaving countries out of the ag

london time. half an hour later, eurozone consumer confidence followed by german inflation at 1:00 p.m. u.k. time. half an hour after that, u.s. gdp. yousef: also to come, pricing in political risk. volatile could markets get before the key vote in italy? and high hopes. norway's oil industry is in during the worst downturn in a generation. we speak exclusively to the cfo as exporters try to force an agreement to lift prices. london's mayor says he will fight for a sensible and pragmatic brexit. we will bring you that interview during the show. stay tuned. this is bloomberg. ♪ anna: very warm welcome back. 6:19 a.m. in london. by 0.2g seng is down percent. overall, the asian equities session fairly flat right now. samsung electronics will allocate 50% of cash flow to shareholder returns and conduct a major buyback from the end of january. it is also looking at creating a holding company structure. elliott management has been urging samsung to restructure and return more cash to shareholders. luf

in london and 1:00 a.m. in hong kong. >> welcome to bloomberg markets. ♪ from world headquarters in new york, from new york to tokyo. stocks rise around the world's for by the biggest three-day rally in commodity since may. optimism that opec will cut output at a meeting next week. donald trump outlines executive actions he can take on day one. absent from that list is one of his most controversial plans such as building a wall between the u.s. and mexico and the repeal of obamacare. seeking adventure in the alaskan wilderness come inside a collection of world-class dishing lodges in the last frontier. we're halfway into the trading day, julie hyman on the latest. julie: we hit 19,000 and come back down a little bit, the three averages hit records that now seeing a little changed. sometimes we hit resistance when we get

willem: a question from london, good morning. what affected the rolling back of dodd-frank have in the united the -- n dodd-franking back would be a disaster. it has done a good job of deleveraging the system. it is not perfect. i could say honestly for the first time in my wall street career, i am not worried about the u.s. financial system. i was worried about it my entire life. people who advocate rolling back dodd-frank do not know what they are talking about. it from thee just hear republican candidate. phil about her, what effect would it have -- willem buiter, what effect would it have? willem: rolling back dodd-frank -- going back to the pre-dodd-frank situation, it is big financialr a kerfuffle. it is not going to happen. ok, picking up on that, when you look at the financial regulations that donald trump is talking about, changing the nature of the financial regulations, how do you think that would happen? the stocks have been performing of late. is that down with what is happening in the yield curve or with the fact th

of london, director capital. -- london and capital. we will be joined by the man who runs greece's largest industrial group. we will talk about greece and the industrial sector. the latest dates surrounding greece are not positive. this is the open. ♪ caroline: welcome back to the european open. just over 11 minutes into your trading day. a risk off day. every industry group is declining on the stoxx 600. the banks, the autos, the insurance sector. we are seeing the cac down by 0.9%. similar moves on the dax. stoxx 600 down 0.7%. this is eight straight days of losses on the stoxx 600. we are currently seeing the longest losing streak since october 2014. guy: i am fascinated that the banks are down today. you would have thought a donald trump when could herald -- win could herald good news for the banks. maybe it is just the u.s. banks. g4 s moving up on the margin story. hugo boss trading higher by 6%. , the capacitye story. financials,the standard chartered was down a little bit early on. some of the italian banks are halted. here i

london. francine: higher pound. tom: look for you next week from london. good morning. ♪ ♪ jonathan: good morning. happy friday. welcome to "bloomberg daybreak." markets, futures negative, -11 on the s&p 500. what a week it was. the stoxx 600 heading to its biggest week of gains since july. the market is closed for veterans day. here is what you need to know at this hour. donald trump's taper tantrum. currencies taking a beating around for month lows as nearly $1 trillion have been wiped off the values of global bonds this week. u.s. banks getting their highest level since 2008 on speculation that president-elect donald trump could repeal parts of dodd-frank. to talk about his potential cabinet. the present as homeland security secretary. and i well card could be jamie

outfits at london, we have a fantastic website if you want to come and visit london. i recommend you visit our website. it has everything going on in london for you. >> reporter: and why is it such a good time to visit? why is this thanksgiving better than last thanksgiving? >> i think simply because it represents better value. if you want to go shopping or visit the attractions, it's better value for americans. so that's the main reason. >> reporter: of course, all of this because of the brexit referendum in june, which has driven down the value of the pound by 16%. thanks, chris. back to you, frances. >> matt, thank you very much. happy shopping to you there across the pond. >>> donald trump is getting support from an unlikely source. after "snl's" weekend update co-anchor says some of this is deserved. he sat down with "esquire" magazine where he was asked about trump's latest criticism that "snl" is too one-sided. he responded, quote, oddly, i agree with him. we try to write that way, but comedy should take both sides. no matter who is in power, we should be makin

in new york and 11:00 in london. this is bloomberg. ♪ francine: i am francine lacqua with tom keene in london. let's talk banks and regulation about the bundesbank and the financial stability reports. rescuing italy's third-largest and most troubled banks. he has been writing about this. he joins us here in -- he joins us. , thee looking at basel implications of donald trump and regulation. you wrote yesterday and we got news about bnp paribas, where are the weak spots in europe? been.ks, they always have donald trump as a new element -- adds a new element, the results out of the u.s. are something they have had to do, the european banks. it does not tell us much in reality because the u.s. is still the u.s. and europe debt the european banks will always be the weaker of that relationship. problems that have not been made easier by donald trump's victory. they have to sort themselves out. they did an important step yesterday, a very well brokered, arranged and carefully constructed deal at it looks like it will be

i am francine lacqua in london. brexit, trump, sunday's italian referendum -- despite the political risk, my guest says the underlying economic trends are positive. london's mayor says he is received assurances that u.k. citizens living in the u.k. capital will not be required -- compelled to leave after brexit. opec ministers meet to try to finalize the first oil production cut in eight years. we bring you the latest from vienna. here is sebastian salek. korea's president says she is willing to resign after an influence-peddling scandal. on television, park apologized .or the controversy opposition lawmakers and some politicians from her own party have been pushing for her impeachment. parliament says it has not yet set a specific plan for her future. a plane carrying 81 people has crashed close to colombia's second-largest airport. there are apparently some survivors. passengers included players from a brazilian football team. south korean president jacob zuma -- south africa president survived after top officials

my message to londoners -- if you're a londoner who's from the eu, who's an eu citizen, let me tell you this -- you are welcome here. hanni: the hymn being sung at these harvest festival celebrations is set to the same music as the european anthem, ode to joy. chance, divine intervention? no matter. it fits. this catholic church in hastings is always full. thanks to migrants from italy, korea, but also poland. paul came to britain 16 years ago and built up a successful business here -- but now he is extremely disappointed, as well as anxious, like many of his fellow poles. recently, a polish man was murdered in an apparent hate crime. paul glinka: britain's always allowed me to feel at home. now i'm not comfortable any more making a statement like that. hanni: why? paul glinka: because of hostility towards european migrants. we don't feel welcome any more. hanni: and who is going to stand up and appeal to reason and moderation? qualities that always seemed as if they were hardwired into britain's dna. hopefully, these sounds will be heard again once the noise of battle has died down --

monday some -- london time. anna: we have seen these attempts to control the curve coming through from the boj, but back in the timber, we got a change in policy from the boj. we can focus in on this chart. bojreasons why using the to hold the surge of the yield we have seen since donald trump entry -- yousef: it ties into this global vortex. they were pulled into this as well. you can see that pop after the u.s. election and of course the boj compelled to step in, especially once that two-year paper start getting really close to the five-year paper, has to step in there and rain things in. anna: a little more detail, not just the 10 target which we knew before. let us have a look at the risk radar and show what this has done for the japanese currency. boj policy seeing cap in gains or capping earlier strength. we have got the rather beautifully titled "generic future," which is the cover price. in shanghai, the price of copper decreasing from its two-year high to 2.2% earlier on in the session. we also have oth

mark: from london i am mark barton. there soon may be a glut in london office space. 25% of theiring office space amounts to about 5000 desks. since july when britain voted to leave the e.u., office values in the city of london fell the most in at least seven years. i want to bring in jack sidders is barclays alone or will there others? jack: first of all it is important to say that from barclays' point of view, this has been in place for quite a while and predates brexit. the negotiations were going on for several. to answer your question, barclays is not alone. all banks are struggling to adapt to this low interest rate environment. they have been forced to cut workers as they are trying to cut costs and that means they have excess office space. there have been several major companies who have sublease office space or tried to get out of it. we reported last month on citigroup offering to lease a big chunk of space. mark: is oversupply a bigger threat to rents and value then brexit? jack: that was the view of ubs anal

lacqua in london, tom keene is in london. we start to have donald trump's people around him be appointed. headlines there would be protested everything. but really, and why i am in london, with you in new york last week, is the tie into the markets. a correlated move in the markets. not be a tipping point or a point of crisis but we are seeing substantial readjustment. francine: america is where it is happening. and the white house. we are expecting the cabinet so that is what we need to focus on. let's get to the bloomberg first word news. trying donald trump is to balance competing wings within the establishment. he has named reince priebus to be the white house chief of staff. senior strategist sean been in -- the executive of trumps campaign. donald trump says he was saddened to hear that some of his supporters have attacked minorities since the election. don't do it.y, that is terrible. because i'm going to bring this country together. >> they are harassing latinos, muslims -- >> i am so saddened to hear that. and i say

joining us from london, lord lamont. a trump election give theresa may and upper hand in negotiating trade with the eu? in athink it will help psychological sense because donald trump is sympathetic to brexit and the eu will be very worried about the relationship with the united states. in a general psychological sense, it will be a boost. there are obvious differences of the the approach brexit government and donald trump in that brexit actually is about pretrade. opening up opportunities worldwide. on the whole, i think the psychological effect is one that will worry the europeans quite a lot. odd, the letter that the president of the council sent to the american president. i think they are nervous. francine: because they are, would it not be going a step further. if you have a president-elect casting doubts on the u.s. commitment to nato, given the strength of the british military, even the intelligence of the british military, does it not mean that the eu will have to be a lot more friendly with theresa may? guest: i

one that is interesting is about what is happening in london and the chinese investment in london. it seems like a strange time to be doing that. givenis a strange time post-brexit, so many people are worried london's time as a financial center is at risk. a lot of people are talking about not investing in london or reducing staff, servants are going to -- so the rents are going down. that is scary to new developers. the chinese have decided a bunch of chinese banks are putting money behind the huge financial services development in london. that will basically be the home for lots of chinese businesses in london. they continue to believe london will remain a big financial market. and also, they can play the fact that maybe they can make a lot of money on real estate as well. it is sort of counterprogramming. but if it works, sometimes it works make. carol: canary wharf. >> they are hoping that will not happen. they think because they have so many of their own companies that need to have london outposts, that gives them pull. carol: in the technology section, this is an uber want to

rylee carlson, cbs news, london. coming up in just about an hour, we are going to talk with a financial expert about what trump's win means for the stock market and how it could impact your wallet. we're also hearing from our local leaders on this historic morning. 10news reporter emerald morrow is live at three coins diner in tampa. she's there with party leaders from both sides of the political aisle. emerald, the question now is how do we move forward not just as a nation, but also here in tampa bay. - yeah, i think that's the question we are all asking this morning...democrat, independent. - so we wanted to do things a little differently today...take a little time and talk about what's next...in a no-bash zone... - we have deborah tamargo with us from the hillsborough county republican party...and victor dimaio of the hillsborough democratic party... - this has been a very hard-fought battle on both sides...contentious at times.... - the question i want to pose is what is the first thing we all need to do to move

remain in london till further orders." that's all. oh, yes, add this. "assemble a dossier on a miss laura adams. and please make certain that agent morton doesn't know you're doing it." end of message. an u.n.c.l.e. jet is leaving for london in four minutes, sir. tell them to hold it for me. you'll enter a resignation? i won't accept it. i'm afraid you have no choice, mr. waverly. mr. morton, you are the number four agent in the u.n.c.l.e. organization. the head of operations for england i stated it quite succinctly. yes, i know, you intend to get married to ms. laura adams, and in the middle of an assignment. the affair's ended, sir. we've returned the plans to the admiralty documents division. what about the submarine itself? an obvious target for thrush sabotage. well, we've set up new security measures, sir. there can be no real security measures while commander krohler is at large. mr. morton, i'm asking you to stay on until the submarine has its trial run. all right. good. i knew i could count on you. well, now that that's all settled, i should li

rylee carlson, cbs news, london. ((kirsten joyce)) >> germany's defense minister called trump's victory a huge shock. ((brian loftus)) >> french far-right leader marine le pen sent a tweet congratulating him./// >>> we'll be right back......../// (donald trump/president elect) >> and it's tough...so i want to thank my family very much...really fantastic. thank you all. thank you all."/// ((brian loftus)) >>> thanks for joining us on 8 news now good day, the valley's news leader. i'm brialo >> i'm keristen joyce the president-elect of the united states is officially donald trump. in his victory speech early this morning...trump says he's going to work on bridging a divided nation after a grueling election. ((brian loftus)) >> here you can see that hillary clinton won nevada 48 to 46 percent. however trump came away with the win. 8 news now reporter michael stevens is live in studio with the latest on the race. ((michael stevens)) >> brian, kirsten... the difference 24-hours can

i'm happy to be here in the heart of london. francine: how much do you go about -- glencore -- own of glencore? david: about 5%. as the stock has doubled and our method of operation is to position the stock compared to what we measure as it upside, it's intrinsic value. as the price gets closer we trim a little bit and as it drops, we add. we have been very active in adding and trimming and it has been a crazy stock. francine: the stock is in such a june orosition than july of last year. what should the next move be? can they think of doing deals? david: i think job one is to continue to make sure the balance sheet is strong and can withstand any kind of aggressive falls in commodity prices. two, selectively look at opportunities on how to use that free cash. if there is something that could be bought at a discount at a good price, look at it. if not, there is dividends, share buybacks, and all other things. francine: do you think the stock will be valued? despite the fact that it is three to four times bottom, that is over thre

francine is in london. tom keene has the day off, maybe he is in macy's. , butr riggs would be there unfortunately, she has to do the bloomberg first word news. francine: i can't believe they are open at 5:30 a.m. michael: these stores of an open all night! taylor riggs is here doing our first word news. taylor: i'm very happy to be here. italy's prime minister matteo renzi has reaffirmed he will quit if voters reject constitutional reforms in the referendum. the so-called technocratic government would not serve the government -- country well, he says. fires in israel have forced thousands of people to flee their homes. israeli leaders raise the possibility that palestinians deliberately set the blazes. some 50,000 people were evacuated. hasgovernment of colombia signed a revised peace treaty with rebels. colombian voters rejected the first agreement. the civil war has killed more than 200,000 people. global news 24 hours per day. this is bloomberg. thank you so much, taylor riggs. this is what we have seen

mark: from london, i am mark barton. vonnie: the upcoming election has pushed aside the fed as the torn driver as inves anxiety. here is the senior analyst at bloomberg intelligence. we have been following currencies. we have been looking at the korean won and the chinese renminbi. investor flows, it is difficult to tell on first glance, what you?tf's telling you mentioned foreign currencies. they are happening. etf's are accessible to everyone. is the mexican etf. it is so beyond its norm that you rarely see something like this. $400 million a day. everything changed one week ago numbers beganoll to surge. they caught fire with volume and short interest here it short interest has doubled. you would short this etf if he wanted to bet on trump and long if you wanted to bet on clinton. it tracks mexican stocks and it has the peso. the peso is part of the return. it is down 5% this week. it is probably the most sensitive etf to the poll numbers. it is the proxy to the election. it is not unusual to see a single country etf

there are eight minutes left of the london session. vonnie: at least in london. ryanair ceo michael o'leary says he expects 21 million customers 180 million.rom ryanair also said it would initiate and buyback. he sat down earlier with bloomberg's anna edwards. michael: the deals are us on -- are dependent on us delivering growth. is cutting capacity genetically. airports do not want to see traffic fall. so they are coming to ryanair and saying you deliver the growth, we will give discounts. but the discounts are available to everyone as long as it is not broken. >> how does this affect your planning? last time, you said chaos would ensue, it it needs to be managed correctly. as a business leader, you would pool out, gradually, and push more into europe. where are you at without process? pivotl: we said we would growth away from the u.k.. we had planned to grow in the u.k., our capacity, by 12%. we have cut that by more than 50%. so there is real meaningful decisions. the uk's losing out on significant growth. that growth is being pivoted into markets like germany

it is 6:30 here in london, but you are looking at tokyo. much thisr, not so morning. 111.91 at 3:30 in the afternoon and that is weighing on the japanese stock market. it is different in the rest of asia where we see things moving broadly higher. yousef: what is also moving its stories on the new additional daybreak on your bloomberg and mobile. let us take a look and see what those stories are. the cover story is opec, embarking on that diplomatic push to reach a production cut. ministers are flying to russia as saudi arabia suggested the organization does not need to curb outputs. andgates are set to meet finalize terms of the first production decrease in eight years. anna: the next story is francoise you don't -- francois fillon being elected. yousef: finally, daybreak focuses on the italian referendum which takes place on sunday. investors are unsettled by the prospect of political and matteoc instability to renzi's senate. let us check the risk radar to recap where we are. king dollar not quite the story that it was last week. the doll

this is bloomberg. ♪ ♪ pictures from the city of london overlooking london bridge. the city of london this morning is still talking about that court decision. a lot of people think that parliament must not do his job and just vote on brexit. the markets seem to think there is still a way out. that is our focus. another focus, germany's second-biggest lender, commerzbank has swung to a loss in the third quarter. is a financial reporter from bloomberg news. he joins us from print for -- frankfurt. great to have you on the air today. comes out with discouraging news after discouraging news. how do you fix this bank? nick: if you listen to management, it is all about cutting 9000 jobs. then it has turned into a digital bank. moving away from paper and copy transactions to online. that is the way forward they see. they are looking for more revenue through consumer finance. this comes with consumer risk and the risk of bad business. where are they going to go? francine: do we need a change in management? will the people in charge at the moment, will they do what is needed

new york, 7:00r london. this is bloomberg. ♪ tom: good morning, everyone, "bloomberg surveillance," on international relations, politics, indians, chicago cubs. francine lacqua board on baseball, in london, i am tom keene in new york. is takingr france steps to halt a slide in its market share. they will create a new long-haul unit. simplify awill also flight operations and work more closely with employees. there's a report that valeant pharmaceuticals may sell some of its assets part of the bausch & lomb unit which could bring inasmuch is to run a half billion dollars. valeant is sending -- selling businesses to reduce their debt. francine: thank you so much. a panel of senior judges will rule on the challenge to prime minister theresa may's plan. we are back with rob would from bank of america. we are deciding whether she needs parliamentary approval because it seems unlikely she will get it to get on with brexit. that is why the pound is expected to move on the back, but there will be a million appeals

>> prince harry's girlfriend flies to london, and we are at their love nest. >> meghan markle has now met william and kate. >> and grandmas gone scenes of cameron's new cooking show as fierce grannies clash over control of the kitchen. >> one, two on. >> i'm walking away! >>> now for november 11, 2016, this is "entertainment tooight". >>> does pregnant janet jackson already have a secret child? that bombshell allegation is on the way. >> we start val kilmer, the star out for the first time after denying he has cancer. [ indiscernible ] >> my tongue swelled up. >> you could hear the 56-year-old taking labored gasps for air, often wiping his mouth with a tissue nearly a year after being spotted out with a fears he was battling throat cancer, val was able to crack a few jokes at thursday night's screening of cinema twain. [ indiscernible ] >> you're everyone's problem. i don't like you because you're dangerous. >> that's right. ice man. gun," val has kept a relatively low profile. it was this photo of the star looking frail in may of last year that was alarming. >> earlier this month val

the sty -- site‘ the mayor of london had visited the sty -- site‘ he the mayor of london had visited the sty -- site‘ he warns sty -- site‘ he warns the number of deaths may sty -- site‘ he warns the number of deaths may rise. my thoughts are deaths may rise. my thoughts are with deaths may rise. my thoughts are with family members deaths may rise. my thoughts are with family members and loved ones, with family members and loved ones, but i with family members and loved ones, but i want to pay tribute to but i want to pay tribute to the hard working men but i want to pay tribute to the hard working men and women but i want to pay tribute to the hard working men and women behind but i want to pay tribute to the hard working men and women behind me hard working men and women behind me who are making hard working men and women behind me who are making sure, even after who are making sure, even after dark, who are making sure, even after dark, that the who are making sure, even after dark, that the rescue operation is a dark, that the rescue operation is a success. \ want to succes

in london and 1:00 a.m. in hong kong. mark: welcome to bloomberg markets. >> ♪ >> from bloomberg world headquarters in new york, we are covering stories from new york, washington and geneva. donald trump set up a power-sharing arrangement with his top staff appointments. secretary of the u.s. department of homeland security, jeh johnson on how his department is preparing for a transition to the donald trump administration. we are seeing deals across the pharmaceutical industries today, breaking down our merger monday in this week's deals. let's get a check where things stand now from julie hyman. >> we had a pause in the postelection rally. at a record,ading and the s&p and the nasdaq have given up any early gains that they were experiencing. a sideways market here, but again, we are seeing this phenomenon

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almost 1% in london. as a they have dramatically so far in trading today and that helped shares of energy companies of boosting in a london for now if the opec producers fail, we see oil prices fall again and we can see the opposite effect on the stock market. there is some optimism in trading today on the stock markets, at least, as we wait for oil producers to decide whether or not they will limit the main focus of the meeting in vienna. thes take a look at where price of oil is in trading. we are brent crude w tight i wti index over 7%. just brushing at close to $50 a barrel mark. optimismpressive as has risen of a meeting to limit oil supply has been reached in vienna using underway in good now. that's a level of $50 a barrel is less than half in what we're seeing in june of 2014. let's talk about a further where we go to london and to spencer wells. thank you for joining us from london. to missn mystic -- have it should we be that a deal will be done? spencer: it is quite likely that some form of dea

in london. and in asia on the bloomberg radio plus app. in the features section, a controversial figure in trump land reemerges in trump tower. oliver: paul manafort is next. it turns out that he never left. we spoke to reporter bob coulter. >> paul before steve bannon was supposed to be the big mastermind who was going to bring trump of victory. paul manafort resigned in august. it seemed like that was going to be it. his big fall from grace and we would never hear from him again. in fact, what i reported out and is the idea that he never went away, that he stayed close to donald trump all the way through, and it was he who articulated the strategy that brought donald trump the victory. that steve bannon was making noise with fringe groups. but in order to get the real center of america to go on trumps side, that was all paul manafort. it just speaks to his power as an unseen force in politics for decades. so i take a look at the scope of his career and evaluate what might be in store for him i

outside thego central bank, in london. less bearish or should i say more hawkish bank of england than the last super thursday in august. >> absolutely. what a difference three months makes. the market interpreted it as more hawkish because we saw the pound rising and guilt yield rise. ais was billed as being unexciting meeting, but in certain ways, it was very exciting. we got the expected rate remaining at the same 0.25%, the upgrade to an nation and growth forecast for the short-term, if not for the medium term, but what was more surprising was the fact that as mark carney said, the bank has limited tolerance for above target dpi. where it was before, the central bank was more dovish with more scope to cut rates, we did not get that and in fact, the market seems to be interpreting this more that we will get a hike in rates before we get a cuts -- before we get a cut. he said this is not a dovish or hawkish bias, you referred to it in the intro, and he talked about this being a neutral bias. interestinght was were the com

riley carson is in london with global reaction to trump's victory. good morning, riley. >> good morning. thousands of people in london and across europe just did not go to sleep last night, anxiously waiting to hear who would be america's president-elect. >> thank you. >> reporter: in the uk, they are calling trump's victory a brexit style shock. another surprising involving europe to leave the european union. >> i saw it as a warning that something like this could happen. >> reporter: late editions of uk newspapers flew off the presses with news of trump's surge. >>. every step of this election has been watched all around the in london say this is a rally they just couldn't miss. >> it's big league. big league. >> reporter: but for many clinton supporters at this party in london, early excitement lessened as night wore on. markets around the globe plum plummeted as trump won state after state. in russia president trump souvenirs are already being sold. russian president vladimir putin has reached out already to cotu nigel ferage. they say the world

their daughter london was born premature at 25 weeks. we are very, very happy to have you here today. and you and i -- we're both fans of the march of dimes, so tell us a little bit about that. >> sure. the march of dimes is a leading organization that is trying to fight the battle against prematurity. as you mentioned, 1 in 10 babies is born premature. my daughter london was born premature, as well. >> a mircopreemie, right? >> right, she was a mircopreemie. she was born under two pounds. i had a really easy pregnancy, and then all of a sudden at 23 weeks, which is roughly halfway through your pregnancy, my water broke. we were stunned. cheryl, we didn't realize that babies could come that early, much less survive. >> and she's so tiny there. >> and so -- you said something about "much less survive" -- the doctors didn't really offer you much hope in the beginning. >> they didn't. in the beginning, they recommended that we induce labor and provide comfort care and let london die in our arms. the statistics just were not in our favor, an

riley carson is in london with global reaction to trump's victory. good morning, riley. >> good morning. thousands of people in london and across europe just did not go to sleep last night, anxiously waiting to hear who would be ama' president-elect. >> thank you. >> reporter: in the uk, they are calling trump's victory a brexit style shock. another surprising involving europe to leave the european union. >> i saw it as a warning that something like this could happen. >> reporter: late editions of uk newspapers flew off the presses with news of trump's surge. >>. every step of this election has world and american voters here in london say this is a rally they just couldn't miss. >> it's big league. big league. >> reporter: but for many clinton supporters at this party in london, early excitement lessened as night wore on. markets around the globe plum plummeted as trump won state after state. in russia president trump souvenirs are already being sold. russian president vladimir putin has reached congratulate trump and so has nigel ferage. they say th

scott egan, the rsa cfo in studio this morning in london. lots going on in london today, manus. manus: i just want to check on sterling because it is an interesting day. inflation expectations are rising. what does this mean for super thursday? later on, the bank of england's rate decision, and the latest growth and inflation forecasts. the decision comes thaat noon. the mark carney press conference starting 30 minutes later. then, penn of judges are ready to -- then, the panel of judges are ready to rule this as the front page of "daybreak" today. the ruling will be issued at a.m.n's high court 10:00 u.k. time. nejra joins us now from the bank of england. talk me through what the economists are expecting in terms of rates. nobody is really expecting a rate cut. if anything, the market is more focused on the inflation issues for next year. nejra: absolutely. good morning. economists, the are expecting to keep the rate if anything, the market isuncha. they are expecting a unanimous vote on that, 9-0. but what they are also expecting is an a great to the inflation -- is an upgrade

us in the studio in london. lena, we will get to the shape of what happened to the bond market next, but i was looking at the level of dissent. but it isly prophetic the most dissent since greenspan and bernanke. talk me through the complexion of the fed 2017. a more aggressive, hawkish fed? lena: i think what is clear is the fed has mastered the art of tightening. presided over a remarkable year for growth in employment which is clearly running and little on the hot side in the words of janet yellen and airing down on the unemployment rate. aat has led the fed to have strategic lever with respect on focusing with economic conditions and having a strong handle on financial conditions. the message between data dependency or an economy that diminish butit wants to have strong conditions. the fed has done a good job given the dissent. yousef: i'm looking at the implied probability function and we are at 17.1% for november. jpmorgan described today's meeting as a bit of a kabuki dance in terms of fostering. anna: i

in london, it is 10 years. they have a certainty of income that comes from that and they can compare that to other forms of income. class, it isent still very attractive. guy: bond markets though are seeing yields rise. does that change the advantage of investing in a property portfolio? ini can get a better pick up terms of my risk-free return on treasuries? >> i think that is a fair question. if you look back over history though we are one of the largest gaps between the equivalent yields that you get on property and the five or 10 year gilts. the gap is still large and it can close as it does through various cycles. it does have an impact but i think it is not the only factor to consider. marketsat about bond also determine the price of the mortgage or other funding land and realg estate purchases. as that gets more expensive, does the price gain slow down even more? >> i think you have to look at it over the medium term. between march and september, there was a terrible decline -- there was a considerable d

in russia, president trump souvenirs news, london. we know florida, especially the i-4 corridor was crucial for the presidential election. here's a quick reminder of the way the state voted. the bay area was all about donald trump for this election. if you take a look at the red on the screen, almost every county in our area voted trump. that includes polk, citrus, pasco, pinellas, manatee and sarasota. the only one that voted for hillary clinton, hillsborough county. but, losing pinellas was a bit of a surprise. here's an interesting fact for you: for the 2008 and 2012 elections, president obama won both pinellas and hillsborough, the rest were red. so, very similar to this current election, except clinton lost in pinellas. marco rubio was re-elected to the u-s senate. he celebrated his victory in his hometown of miami. florida's junior senator took to the stage for his acceptance speech surrounded by family. he thanked them. he thanked god. he also thanked his friends and this beat the last time he had done this. that, was of course

in london. i am vonnie quinn. david: i am david gura. welcome to "bloomberg markets." ♪ david: from bloomberg's world headquarters, here is what we are watching. mr.'s fly to moscow, and officials in vienna start more talks to try to salvage a deal on production cuts. and the president-elect alleges millions voted illegally. it is cyber monday, the biggest online shopping bonanza. we speak with the ceo of wayfair to see if trading will increase. for now, abigail doolittle joins us now. abigail: first down day in u.s. stocks in five days. this after the three major averages closed at record highs to the dow and the s&p 500 had been on a four-day streak of putting in record highs, the first

>> prince harry's girlfriend flies to london, and we are at their love nest. >> meghan markle has now met william and kate. >> and grandmas gone wild. scenes of cameron's new cooking show as fierce grannies clash over control of the kitchen. >> one, two -- >> i'm walking away! >>> now for november 11, 2016, this is "entertainment tonight"" >>> does pregnant janet jackson already have a secret child? that bombshell allegation is on the way. >> we begin with startling new video of val kilmer, the star of "top gun" and "batman forever" the star struggled to speak as he came out for the first time after denying he has cancer. [ indiscernible ] >> my tongue swelled up. >> you could hear the 56-year-old taking labored gasps for air, often wiping his mouth with a tissue nearly a year after being spotted out with a tracheotomy tube that sparked fears he was battling throat cancer, val was able to crack a few jokes at thursday night's screening of his new film "cinema twain." [ indiscernible ] >> you're everyone's problem. i don't like you because you're dangerous. >> that's right. ice man. >>

some special places in our area where you can >>> and back from london, the british road trip which ended in a mixed result for the home team. >>> welcome to news4 this week. >> i'm, everyone. parties in virginia are thinking about circle to help fix traffic in the area. the population is only going to rise. but there's a plan under way to keep carbs moving. our transportation reporter has more. >> call this the granddaddy of all traffic circles in our region, a massive circle potentially underground in the heart of tyson. >> aye never been a fan of round abouts ever. i don't think it's a good idea. >> that's awesome. anything to keep the traffic going. >> like it or not, unprecedented scale, could have a park like space on top and be surrounded by office and residential buildings. >> in this day and age, it's about to become a circle. >> michael capland, head of the partnership that promotes new change in tyson said this will be transfortif and iconic. >> a circle here would work brilliantly and tie together the intersection much like dupont circle in washington. >> tyson looking like pa

in london. david: welcome to bloomberg markets. ♪ from the world that goes in new york, coverage for from los angeles to london and berlin. president-elect trump and vice president-elect mike pence me to review names for the cabinet and senior white house positions and we go live to the los angeles out a show or an interview with show for an- auto interview with the president of ford. the latest on what markets are doing now. most are doing the opposite of the past several days which is the overview up today. as investors take a step back and try to judge whether the run we have seen in some elements of the stock market and the plunge in others is justified given the outlook of markets and the economy under a donald trump administration. a pullback, the

tom: london, and the weather has been absolutely perfect. it's a boy into and bustling london. fighting off the splurge of brexit. i'm going to the churchill war museum today. tom: our producer called it right. this is why retail was surging, you were in town. [laughter] tom, spending, helping the economy. u.k. retail sales surged more than any economists had expected. tom: thank you, thank you. francine: a good note. especially for those talking doom and gloom. tom: it has been great. come to london. sterling is going to .89. let's go to our first word news with taylor riggs in new york. report saysw immigration is good for the u.k., and the country should preserve the so-called free movement, even if it leads to the european single market. the report comes from the think tank that backs the free market like a few margaret thatcher's. it urges any foreigner to work in the u.k. as long as they have been offered a job. iran expects donald trump to display what it called "more rationality" once he becomes president. a senior iranian economic official says his comments before they

riley carson is in london with global reaction to trump's victory. good morning, riley. >> good morning. thousands of people in london and across europe just did not go to sleep last night, anxiously waiting to hear who would be america's president-elect. >> thank you. >> reporter: in the uk, they are calling trump's victory a brexit style shock. another surprise results following's britain's vote to leave the european union in june. >> i saw it as a warning that something like this could happen. >> reporter: late editions of uk newspapers flew off the presses with news of trump's surge. every step of this election has been watched all around the in london say this is a finale they just couldn't miss. >> it's big league. big league. >> reporter: but for many clinton supporters at this party in london, early excitement lessened as the night wore on. markets around the globe plummeted as trump won state after state. in russia, president trump souvenirs are already being sold. russian president vladimir putin has reached out already to congratulate trum

. ♪ mark: live from london i am mark barton. 20 minutes away. vonnie: from bloomberg world headquarters in new york, i'm funny when. -- i am vonnie quinn. an executive asked in 2010 how big of a rival it would take to beat out a competitor in guinea according to the mining minister. c fire toy executives over the west african project. the executive is denying allegations. considering an ipo with the canadian business object by need to raise cash for the expansion of a mountain oil pipeline. ofinitial public offer canadian assets is being considered as well as others looking for joint venture partners. fiat chrysler recalling 89,000 dollars and suvs a cousin of a .ossible fuel leak it covers dodge during go and jeep grand chair be suvs -- jeep grand cherokee's worldwide. owners will be notified by mail starting on december 19. that is your bloomberg business flash for this hour. mark: staying with autos, cutting 30,000 jobs for a saving. the company struggling to claw back from the emissions cheating scandal. a look at whether or not it is , my f