it is theresa may's time up. the prime unseat minister increased after the battle over her brexit plan hits fever pitch as more for ministers resign. u.k. stocks sinking on this government turmoil. bond yields are also falling. banks and sterling are moving sharply lower as well. steady as she goes. oil holds after snapping a record losing streak. weighing signs of rising

we have already seen theresa may out oi'i we have already seen theresa may out on the front foot with this, saying she has been giving radio and news channel interviews, she wrote a letter to the nation this morning, every national paper, trying to be emotive inner language about why this is the deal. that has already been very much under way, it looks hard, three weeks short, most mps probably have made up their minds. having said that, look back at what is happened to his brexit negotiation so far, and there were times it seemed like things were impossible, and they moved. so given the past 18 months and the tactics they taken, although it is absolutely right to say this seems like one of the biggest challenges in the shout —— process so far, who knows? three weeks in these days seems quite a long time. in politics, absolutely. thanks so much. theresa may needs to get the approval of parliament. as i was picking in the last half hour in blackford, the westminster parliamentary leader of the snp, a significant group in parliament in terms of the numbers, and he says they have alr

theresa may will be on herfeet in serious danger. theresa may will be on her feet in the serious danger. theresa may will be on herfeet in the house serious danger. theresa may will be on her feet in the house of commons at around on her feet in the house of commons ataround 10:30am. on her feet in the house of commons at around 10:30am. do we even know if that will still go ahead? we don't. i think if the prime minister was not to arrive for her statement, that would be quite something. theresa may's habit has always been to plough on regardless, to keep going. that is why her supporters single her out for resilience and somebody deserving of our respect. but critics say she carries on and is not aware of how much unhappiness and mistrust that is around the place. if the prime minister was to renege on the promise of speaking to mps this morning, that would send a strong signal that even she thinks the game might be up. just to recap for any viewersjoining the game might be up. just to recap for any viewers joining us the game might

theresa may an iron lady or a tragic figure. john interestingly enough may receive some grudging tributes this week even from her critics how do you see her as a historical figure what will the history books right. i think she will be presented as a prime minister trying to do the best in a very very difficult situation. leading a divided policy where she has been trying to balance what the party needs on one hand the what she thinks the country could manage to live with on the other hand. it's not a job with it. anyone. do you wish on anyone is very very tough open and i think she will probably because i still think brexit will fail i think she will probably go down as the the prime minister who brought brexit to failure -- but ultimately is there anything else she could do them the way that she's behaving at the moment she's actually playing quite technically good game in the conservative policy she's bouncing to practice on one hand and the brexit radicals on the other and she's telling a middling between those groups. and so

and half of the voters say they want theresa may to stay in base to see through brexit. those are the kind of messages that the politicians backin of messages that the politicians back in westminster in their little bubble could well do to take on—board. bubble could well do to take on-board. i think it is very interesting that actually can we have called it a two fingers to jacob rees mogg, it doesn't actually have your name on it. it is very interesting that people, real people, actually do believe that she is the best person to take us in this, and not any of these sharks who are circling. it is as if they don't realise what is going out there with the public, whojust don't realise what is going out there with the public, who just want us there with the public, who just want us to get on with it. you got the percentages or the contenders who might fancy their chances. the favourite bear, if there was to be a replacement, boris johnson remains the favourite, but only one in five vote rs the favourite, but only one in five voters actually fancy him. it and starts goin

a confidence vote in theresa may. a very aggressive reaction to the steel that was apparently approved. david: let's listen in a little bit to jacob rees-mogg. >> this is not brexit, a failure of policy. this needs to be rejected. this has nothing to do with personal ambition. >> [indiscernible] the deal risks brexit because it's not a proper brexit. the withdrawal act is in place. therefore, the law is already there for us to leave. [indiscernible] >> i'm not offering my name as leader. this has nothing to do with me. it's about not having confidence in the current later and believing the deal simply does not work. >> [inaudible] >> we have heard again and again , on and on it goes, but all the aspects, projects up here so far have been wrong. we were promised a punishment budget, that never happened. we were promised unemployment decreasing by a hundred thousand, that didn't happen. we treated with other countries on wto rules. it takes six seconds for good to be cleared at southampton. we don't need to trade on any

>> reporter: theresa may does face an uphill battle in all of this. once these 27 eu leaders endorse this deal as expected then it moves to british parliament where she's going to have a tough time convincing lawmakers to approve both the withdrawal agreement as well as the political declaration. we were just hearing from boris johnson yesterday in belfast at the party conference for the democratic union party, which holds the keys to theresa may's government, boris johnson saying it's quote, a mistake. it's sentiments like that that is going to be very difficult for theresa may to overcome in the days leading up to the parliamentary vote. >> eren live for us in brussels, thank you. and we'll have more from eren at the bottom of the hour. again, what's next for brexit. leaders of the 27 countries will officially approve or reject the brexit deal, a deal that's been negotiated for a year and a half and if approved it then goes to the british parliament where theresa may does not command a majority. it's uncertain whether lawmakers there will green ligh

say they are not supporting theresa may. written ine what is this agreement could lead to the breakup of the united kingdom,'s specifically -- kingdom, specifically northern ireland. rochelle: it is interesting because there has been so much talk about this. we said earlier in the show that thousands of hours were behind this. said there was decisive progress. has there been any other reaction from the eu at this stage? theresa may was outside darrington street -- downing street last night. we sought relief from around the european union. this morning, angela merkel saying she is happy that a d drt brexit d deal has been reached. and let's not forget the prospect of a no brexit, it would be damaging for the u.k. and are the european union. and as time marches on, there was growing concern that we could be heading for the cliff edge, for a no deal brexit. side, thispean should be, according to this --eement, and orderly exit an orderly exit. i doubt that is going to happen. there is a clear vision for what the future of the r

theresa may poured her heart and soul into that letter. she has to. you've seen that in recent days where she's been appearing on talk radio, giving newspaper interviews, she's really laying it all on the line. they knew this day was coming and they knew they have never enjoyed the prospect of brexit. there's a tinge of sadness when you actually have to put your names and signatures on the dotted line. >> and no one really knows at this juncture, now that they've made this step a little over 30 minutes ago, what it all means. someone says i believe it sounds like she's trying to be everything to everyone and it's really like nothing for no one at this point. >> reporter: yes, but we have to remember that theresa may is a survivalist at heart. she's always been able to weave and negotiate her way through difficult territories. she did that when she was the interior minister and she's done it from the day -- at the moment the numbers are stacked against her. she doesn't have a parliamentary majority for this deal. she's attacked from within her party, o

world leaders can't help theresa may much. the mps whose minds she needs to change are thousands of miles away, but is the prime minister on the edge of her undoing, with dozens of tories committed to reject her brexit compromise? i think people should remember that we gave the vote to the british people, as to whether or not to leave the european union. people voted for brexit, and i think it's up to us to deliver brexit. the message i get from members of the public is that they want the government to do that. they want us to deliver brexit. prime minister, you know very well, it is your colleagues who make the difference here, and you have not been able to get them all on board. just to be clear, do you still think you have a chance of winning this vote? i am still working to ensure that when we come to the vote on the 11th of december, mps... this is a really important moment for us, and i think it's important for us all to be thinking of the national interest. but one of the many reasons why some of your own colleagues don

everything is still very much hanging in the balance, theresa may seeing every sign that back home is where she will face the real difficulty now, in getting her withdrawal agreement and brexit deal passed through parliament, meeting today with the leader of the scottish national party, nicola sturgeon, in london today, and the prime minister, we are told, told her that the withdrawal agreement was the best deal that could have been negotiated and is in the interests of the entire united kingdom. that is not how nicola sturgeon sees it, she has been meeting with other opposition party leaders in london today talking about the best way they can stop it. now, in the united states, thanksgiving approaches... president trump has carried out his traditional pardoning of a turkey at the white house. this time it was the turn of a turkey called peas, who came first in a white house ballot over another turkey called carrots. mr trump joked that carrots had asked for a recount. that's it for the moment, more coming up, beyond 100 days at the top of the hour. first, a quick look at the weather

theresa may is fighting for her political life. let's get to breaking lines on that subject. -- says labor is unlikely to back make's deal. this could be one of the more significant lines of the morning because it adds to the interesting math surrounding any commons vote. bloomberg's london bureau chief joins us in london. for reflections on what we have heard and what comes next, good morning to you. let's deal with the immediate aftermath. we saw a's -- a resignation, but nobody from the cabinet yet. we remember it took a few days for things to settle and one resigned.mber >> we had the duty minister resign. there are still two or three ministers that seem to be wavering. he came out today and said doesn't expect any, but you never know what will happen in the days ahead. theresa may makes a speech today at 10:30 a.m. in the commons. decisions will be made. anna: it will be interesting to see if we get any clarity on what the vote in the commons will be. survives this, we get to the commons and will it be a binary choice between

i'm going on, says theresa may. but will the men in grey suits tell the prime minister it is time to ditch your deal? the prime minister has faced calls to stand down on a radio phone—in this morning. please, prime minister, tell me — why do you think you should stay on as pm when you have failed, despite your no doubt honourable intentions towards this referendum result? and if you cannot do that, i respectfully ask you to do the right thing in the national interest and stand down, to let someone from the brexit camp take the lead. we'll be talking to conservative mps about whether the prime minister will survive the weekend. and women's rights campaigner jasvinder sanghera — who says she was groped by a member of the house of lords and promised a peerage in return for sex — says she feels "revictimised" after hearing that lord lester will not now be suspended from parliament. he denies the allegations. she's be here live at 10:30. hello, welcome to the programme. we're live until 11 this morning. do you th

how weak is theresa may's position as leader? it is weakened, that but the question is, is anybody strong enough? there is the 1922 committee. 1596, enough? there is the 1922 committee. 15%, which is 48 members need to bring in the letters of no confidence in you can trigger it. you then need to make sure that it really goes through because you can only do that once a year. we will see. she is basically

how tenable is theresa may's position from here? looking how the european equity market might open, we have seen a mixed session in asia. euro stoxx 50 futures pointing higher. we are seeing futures point higher. yesterday, we saw european stocks close lower but the ftse 100 was flat. 10 year yield down a basis point on a three 10 handle and u.s. futures lower after strong gains yesterday. coming throughn after comments from wilbur ross on trade. let's get the bloomberg business flash with debra mao in hong kong. pg and he 49% in extended trading after the head of the california public utilities commission said he can't imagine allowing it to go into bankruptcy. shares have plummeted 54% in less than 10 days. the catastrophic wildfire has killed more than 50 people in the u.s.. chipmaking has seen another bout of selling in asia, erasing at least $8 billion of market value. nvidia added to the latest signals. in the u.s., computer graphics chipmaker and video tumbled after the bell following a weak sales forecast for the current qua

may could be back on the eu rostar theresa may could be back on the eurostar pleading for changes. is the government already thinking beyond what might happen if? they clearly are but in public they are deliberately being very vague because they cannot say, this is our game plan for what to do if the plan does not go as it should. clearly they are thinking through the different scenarios but it is unclear, not clear whether there could be a subsequent vote in parliament, what the eu would make a bit. of course the eu will say this will not be renegotiated. politically, if you think about that rather than the practicalities, both sides feel they cannot move any further and that is when the deal becomes stuck but if you listen to the critics, the opposition parties, tory backbenchers, they are still, even after the summit, pushing for the deal to be reopened for a renegotiation. they think they have this window of opportunity between now and the parliamentary vote to try to persuade the government that they will not win this so their only chanceis they will not win this so their only

has theresa may scored an own goal? i'm has theresa may scored an own goal? i' m totally has theresa may scored an own goal? i'm totally supportive of the prime minister and i think she's doing a fantasticjob. are minister and i think she's doing a fantastic job. are you minister and i think she's doing a fantasticjob. are you planning on meeting colleagues today to discuss rewriting the withdrawal agreement? know i am collecting my child from football training and doing some work on the environment. earlier i spoke to our political correspondent, susana mendonca, and asked her how these ministers think they can change the prime minister's mind. that isn't clear, to be honest, because as we know, brussels has indicated it doesn't want there to be any changes, and theresa may is ploughing ahead. she said in the numerous speeches we've heard from her over the past few days that she thinks that this is the best deal that she can get. but nonetheless, we do have these five cabinet members, key brexiteers, who decided to stay. remember, there was a lot of speculat

that is what theresa may dies, she allows eve ryo ne theresa may dies, she allows everyone to speak. it also tells us they are looking for clarification, perhaps reassuring since some cases. it is not just perhaps reassuring since some cases. it is notjust on the brexit side of the arguments, those who are pro—leaving the eu are concerned about as being tied to closely but also on the other side, there are loyal cabinet ministers like the scottish secretary. he is concerned about fishing rights and concerned about fishing rights and concerned about the issue of northern ireland being treated differently from the rest of the united kingdom because he knows and scottish conservative mps know if that happens, the snp and others in scotland will be seeing if it is different for northern ireland, why not first scotland? northern ireland, why not first scotland ? aka nji voted northern ireland, why not first scotland? akanji voted to stay in the eu. theresa may is fighting on all fronts. we think it will drag on possibly for another hour. what sort of things will the cabinet ministers be

if he stays onside, maybe theresa may will be 0k, onside, maybe theresa may will be ok, but that does not mean this will get through the house of commons. with saying, dup leader arlene foster has been in to see the prime minister tonight, but also sir graham brady, that man conservative mps hand letters into if they are unhappy and want to trigger a leadership contest. he has been in to see the prime minister, but we understand that at this point, there are still not the number of letters needed to trigger a contest, but clearly, there has been talk of that going on. it is very fluid, and it is fairto going on. it is very fluid, and it is fair to say there is a the brow atmosphere at the moment. thank you very much. very interesting, the michael gove situation. lots of these ministers making political decisions. does michael gove think if he stays in the cabinet, whatever happens in the next house of commons, he will be there, perhaps to pick up the pieces or negotiate a future trade deal? maybe he feels a senior brexiteer should be in there despite all the pressure on him and others

the british justice minister rory stewart there backing theresa may's deal. but will the prime minister be able to convince british voters? the bbc‘s olivia richwald has spent the day in skipton, in the north of england finding out what some voters think. skipton in the yorkshire dales is a prosperous market town, attracts plenty of tourists, and votes tory blue. but in the red lion pub, it was time a sunday at lunch and a chew over the brexit deal. it might be pleasing both sides, and that's what she is trying to do. she's tried to please everybody, and it will not be a good deal for either side. it looks unacceptable, and if enough brexiteers have left the cabinet because it's so bad, then theresa may and all her remain colleagues are just pushing it through, it looks awful. in the referendum, 53% of people here voted to leave the eu, similar to the national result. among them, zoe venn, who has lived in the town all her life and helps to run the family canal business. i think it isjust dragging on a bit now, i think they could just do with getting the de

these are important aspects as theresa may herself said. we continue to live in a european area eve n we continue to live in a european area even once great britain has left the european union. that is still a lot that needs to be done. a lot of work for us, the house of commons will now be seized of the d raft commons will now be seized of the draft agreement. this has been really very successfully endeavoured ina really very successfully endeavoured in a difficult situation without precedence. never before have we beenin precedence. never before have we been in the situation for the member wa nted been in the situation for the member wanted to leave the european union. we have been successful enough in this attempt of reaching an agreement that balances the interest of both sides paying heed to the adjustable sides, the same time in the spirit that implied tough negotiations without losing sight of the fight that we could only work for a the fight that we could only work fora win win the fight that we could only work for a win win situati

guy: we saw theresa may and john claude arm in arm as theresa may arrived in brussels. so far, so good. at least they were smiling. let's address the issue them a readjust brought up -- the issue that maria just brought up. angela merkel pouring cold water on it. will it happen or not? >> let's remember, it doesn't hurt theresa may to have the e.u. pushing back because since that withdrawal agreement was announced, we have been hearing what a win it was for the u.k. so to have the perception of the e.u. saying, we are not really happy with this and we could ask for a little more, helps may because she can go to her parliament at home and say, this is a really fine balanced thing and i don't have a lot of room. the other thing that helps me is the perception that it can fall apart and go to the wire. whether or not the summit happens, the longer she can string parliament along, the better chances she has of trying to pull some people over to her side. it is still a big ask. taylor: maria, you mentioned that john claude was under pressure and theresa may was under pressur

in the last hour theresa may has stressed her confidence in the brexit agreement. i believe this is a deal that does deliver that. which is in the national interest. am i going to see this through? you stop it comes after a morning of ministerial resignations. brexit secretary dominic roth, the man who negotiated the deal with brussels, that the cabinet. —— dominic raab. her own position is under threat. leading brexiteerjacob rees—mogg submits a letter of no confidence in the primaries and says he suspects there will be a the primaries and says he suspects there will be confidence in the future. —— no confidence in the prime minister. hello, thanks very much forjoining us hello, thanks very much forjoining us here. injust the hello, thanks very much forjoining us here. in just the last hour, theresa may has vowed she will fight on for a draft brexit agreement, insisting it delivers what people voted for and is in the national interest. the day began with a raft of resignation. for ministers in total, two cabinet ministers among them. brexit secretary him

up or shut is on theresa may's critics to put up orshut up. is on theresa may's critics to put up or shut up. as for the prime minister, you sense she wants to shift the focus away from the controversial divorce deal, the withdrawal agreement, and to our future trading and political arrangements. that is a separate agreement in which team may say they have a different agreement, they say it delivers on some of the key demands of voters, such as ending free movement. we will hear the prime minister spelling out bits and pieces of the new immigration arrangements, including no preferential treatment for eu citizens and curving low skilled migration, which theresa may hopes will provide greater opportunities for british youngsters. let's be honest, all focused today, i suspect, is going to be on whether the 40th letters are actually reached. —— the 48 letters. anne—marie morris said she thought it was right that theresa may should now face a challenge. it is about delivering what the people voted for. the people asked for us, as members of parliament and the government to deliver

the dup is the big story, they prop up theresa may's government, they need dup theresa may's government, they need d u p votes theresa may's government, they need dup votes to get this through parliament and it was like what is on offer is not going to be a cce pta ble on offer is not going to be acceptable to the dup. that is because there will be a uk wide customs backstop and northern ireland would still have to follow some single market rules which the rest of the uk wouldn't have to follow, so for the dup, that amounts toa follow, so for the dup, that amounts to a boarder at the irish sea, that sta rts to a boarder at the irish sea, that starts to break up the united kingdom of great britain and northern ireland. we would have to see the detail, but the dup suspect that what is going to be in there is good —— is not gone to be acceptable to them but the dup is not nearly party in ireland, they don't represent the majority of people in northern ireland, most people support parties that back remain. many of the parties here are saying that it looks like it could be reasonable eno

theresa may ta kes prime minister now. theresa may takes battle to eurosceptics. to what extent is the brexit camp now split which a mac that is what they are saying. the financial times quartz some people being furious with michael gove. he is a canny operator. he is a very canny operator. he is a very canny operator as we have seen in the past. there is a clear split between the brexiteers as to those who want a hard brexit and those who want to acce pt a hard brexit and those who want to accept the deal as it is. they are also seeing there are expressions of concern about the number of mps coming forward to book their games to these letters suggesting a vote of no—confidence in theresa may. not to say that that will ever get through even if they get the 48, no guarantee that the get through the house. whether she would survive? whether they will win? i do not think they would when. she is safe for another 12 months if the trigger that. let us look at the daily mail, an exclusive interview with the prime minister about the day that she had. this is rather swee

theresa may, that is not heavy. she views that it was a close result in the referendum, she has to try and bring the country back together as a prime minister. so she has negotiated a deal which protects jobs, which protects the integrity of the uk, and that is what she is about. this is a battle for the soul, if you like, butjacob has his view. but how money people were flanking jacob rees—mogg? his press officer was deciding who was taking questions, i didn't see a swathe of people around him. so it is... isn't that wishful thinking? hasn't he just opened the gates? he may have, and i'm sure that his intention. but alan duncan was just saying that they can do that. she will fight and i think that she will win. i will support her, because she is bringing together a set of proposals that have... she said in the house of commons, they have the national interest at heart. jacob says it's not about to jacob, but pull the other one. no where are we in terms of the labour party? we are all confused about what is that y

it would be strange debate in the middle ground between jeremy corbyn and theresa may. she keeps saying that it is either this deal or no deal or no brexit. that is supposed to be the new movement. it has torn away from no deal to no brexit, all there seems to be the suggestion that we move to a permanent fixture in the customs union and that will scare the brexiteers enough to support this deal. is very difficult to see how she is go to get out of this conundrum, with so many people diametrically opposed to what she is tried to persuade them to back. the default position is that if you don't accept this deal there is no deal. unless parliament can mandate the government and does something else. we had a really dramatic day in the commons where people from all sides were piling into theresa may. it makes you think, in two weeks time she loses the vote, notjust buy a couple of vote, but by 100 or 200, then there will be huge pressure on her. whether her ability can survive that, i think it is a really open question at the moment. the numbers look so bad now that, this is

well today theresa may has matched that by bringing ina theresa may has matched that by bringing in a loyalist her to come into the candidate cabinet, giving her a better chance to go for the topjob. one thing he would not be pushed on is who he would prefer. but there are only a few names in the frame, aren't there? there are people in the cabinet who are brexiteers and they would see some of them as being tainted by dipping their hands in the blood of the deal they don't like. they are people watching dominic raab, some of those people who worked for vote leave in 2016 are particularly attracted to dominic raab for the way he handled himself and his attention to detail and he has convinced those on the right but here's one of them. so he has the backing of a slice of the conservative party. but there is no doubt that what happens next is the undertone of what's going on today and theresa may, in the way that she has done it, she has done some clever politics to widen things. we we re clever politics to widen things. we were talking about the possible at the other people's vote, dawn

francine: so that was theresa may. once again, we're keeping on top of it trying to figure out exactly what her main message is to the parliament. what is the chance that actually the e.u. at the last minute gives the u.k. a better deal? is this it? is this the only deal they will get? it is not so much deal. more like a blueprint of what could happen next. >> for the european union to change and have dampte deal, you would need really a different mandate to be given to the chief negotiator, michel barnier and it is given by 27 heads of state and government. if you think about the politics of that, why would any of the 27 now sort of start conceding because of the troubles in the house of commons? there may be a few conceding but at the end of the day, you need a unanimous new mandate and i don't see that being given to michelle barnier. i think -- michel barnier. i think that is the deal on the table. francine: thank you so much. now let's get back to the studio here in london where anna edwards -- has anything been h

theresa may. she will come out and get a news conference. we do not know what the subject matter is, but obviously it has to do with brexit. prime minister may went through items through did she had indications of support her fellow parliamentarians? guy: the benches were certainly louder. nevertheless, there is a significant portion of the conservative party that does back theresa may, that does back to the plan that she has put together with the eu. the problem is that party is not going to be big enough to get her over the line when it comes to getting the deal done in the houses of parliament, and that is the problem that she faces. the other critical factor is it like she has effectively severed ties with the d.u.p., which is the northern irish unionist party. without them, she does not necessarily have a majority in the house of commons. so the arithmetic, the mathematics is very difficult. she does have support, but it is difficult. ofid: you know the workings number 10 downing street, but

if you do get rid of theresa may, what then happens? whoever comes in, how do they solve this problem? will they come up with a deal that is somehow better than the one we have got? it is by no means clear that they will be able to, given the two size they have to reconcile. and michael heseltine was the person who took on margaret thatcher so many yea rs took on margaret thatcher so many years ago and he lost the prize. he tried to take her on and lost. it is interesting that dominic raab says he resigned from the government but he resigned from the government but he still supports the prime minister. he does not want to be seen to be plunging the knife in. it is 28 years to the day on tuesday when it was the leadership election against margaret thatcher. it could be happening this week. after they got rid of margaret thatcher the tories were in for another seven years. i'm quite keen to get to the front the independent. we are talking about the economic impact of brexit. i picked something up earlierfrom a brexit. i picked something u

lauren: fallout from theresa may's controversial brexit plan, stay with us. the same iot technology on the ibm cloud that helps race teams improve performance and safety. bye. girls, don't wave at strangers. can now be built into everything we drive. when you apply expertise across an industry, bye! you can put smart to work. lauren: british pound pound bid turmoil over uk theresa may's controversial brexit plan, what does that say on theresa may's possibility to keep job, jane, what are your thoughts this morning? >> well, the parliament has been steady, there's been good news for theresa may and that's because one of the key ministers michael has decide food stay, also rumors yesterday that maybe he would go, present himself as challenge the other her position as another prime minister but lots of rumors, still lots of rumors and that her job could be on the line and next few days will be crucial, even if we get a new leader of the conservative party, new prime minister, the issue about brexit and whether or not parliament will pass the plan that theresa ma

would you make a better leader than theresa may? iam not theresa may? i am not offering my name and it is nothing to do with me. it is about believing the deal does not work and having no confidence in the leader. you now say the consequence of this could be we crashed out of the eu, a massive risk? we have heard project fear again and again, on and on it goes, but all the aspects of project fear so far have been wrong. we were - a have been wrong. we were promised a punishment budget that never happened. we were promised an increase of unemployment by 800,000 by voting to leave and that did not happen. we trade with other countries on world trade organisation rules and it takes six seconds for goods to be cleared at southampton and we do not need to trade on anything other than wto rules and that will be an economic success and we will be free to determine our own future. democracy will win. hang on, let's have order. we have plenty of time. would you make a better leader than theresa may? who worked? theresa may? who worked? there are many, many talen

that is an alarming prospect, for theresa may. evenif alarming prospect, for theresa may. even if she gets the summit and the eu leaders are true to their word and sign off on the withdrawal agreement, she has tougher battles ahead, but the agency navigate when you compare what is likely to happen when you talk about a treat relationship. —— they have not seen anything yet. the mood is not that brussels wants to celebrate this deal. leaving the eu by itself is not something that is enjoyable by the eu. nobody can be sure what will happen to administer. there is concern that theresa may's visit... the commission has reassured them that... what is very important is that... what is very important is that it that... what is very important is thatitis that... what is very important is that it is stable, it is not going to change, and whatever the purpose in the visit, it is not to reopen. after, it will be clear whether the minister will approve the deal. 0nly after that, we will start knowing more about the future, meaning for example who will be in charge in leading negot

this is something that theresa may and number ten are costly saying. number ten have told me, we have reached peak deal. there are no no more negotiations. you can start a withdrawal agreement, you can start talking about the future relationship, which they can start amending. but if the five brexiteers think they can send theresa may back to brussels to negotiate something more, before parliament has voted, i think they are living in cloud cuckoo land. it is interesting that labour are saying the same thing. they have said, give us one year and we will redo it all and it will all be fine. they can't, for the reasons just stated. we are 19 weeks away from the day that we are due to leave. if we are to... i suppose, it is conceivable that we could get into a general election, if the votes go against theresa may in the commons, and there is a commons vote of no confidence, not a vote of her no confidence as a tory leader, because that is different. if you ta ke because that is different. if you take out the length of time for insta nce take out the lengt

when we get theresa may to the podium, we will bring it to you. but we can join may to the podium, we will bring it to you. but we canjoin our german mep on the balcony, and the european parliament's steering mep on the balcony, and the european pa rliament‘s steering group. mep on the balcony, and the european parliament's steering group. your reaction to what has gone through today? i think it is a proper result. we have a basis forfurther negotiation for a good deal with the united kingdom. free trade deals. therefore i think it is a proper deal. nobody of us likes brexit. brexit does at lot of damage, both to the united kingdom and europe, but even more to the united kingdom, i believe. but now let's make the best out of it and try to create the conditions that we can come to constructive relationship. you've been deeply involved in this process throughout so you know what is in the text and have known for some weeks where it was heading. is it a formality for this to be ratified in the european parliament? we have to do certain other questi

not something theresa may's dup allies want to accept. it certainly doesn't appear that we will be able to support it, because it breaches the red line in terms of having differences between northern ireland and the rest of the united kingdom, in terms of regulation. obviously, we would still be in the customs union as well, and we cannot have that. and in far greater number if brexiteers‘ suspicions about the deal are proven once they have read it properly. here it is. 0h, you've got it. i have it here. they might pull the plug on the prime minister altogether. i think this is a major problem for the government because it destroys trust. the prime minister made some very clear promises in her various speeches, but perhaps most importantly in the conservative party manifesto. one of those was, we were leaving the customs union. in this arrangement, we can only leave a customs union with the permission of the european union, which is a worse situation than we are currently in. will you move against the prime minister before she has a cha

i'm sure it's one that theresa may would not agree to, but if penny morduant is saying things like that, there are also esther mcvey, the work and pensions secretary, and again, a eurosceptic who has a cabinet voiced concerns about the direction she thought this was all going in, and the other thing that has been happening is all sorts of rumours about the triggering of a leadership contest. we have heard this for months, probably years. the mechanism is that 48 conservative mps would have to put a letter in to one of the conservative party grandees, and once that happens, it triggers a no—confidence vote in the prime minister, and which all conservative mps would take part in. if we she we re mps would take part in. if we she were to win that, she is safe for a year, they can't challenge again, but if she were to lose, then a leadership contest would be challenged. up until now, various mps said they had or had put in these letters, but yesterday jacob rees—mogg, a leading brexiteer, he said that up until now he is very much felt it is not about the person, it is about the polity,

theresa may has left ear. there was a brief incident on the motorcade of theresa may, one of the motorcade of theresa may, one of the oak riders was hit by traffic as they were leaving on the motorway. we were told it was a slight injury, the belgian bremen is to provide to see if they were 0k, and they are on their way now. theresa may is in france with emmanuel macron right in the middle of the river somme. she will then go on from there to thiepval, a memorial were hundreds of thousands of allied soldiers lost their lives around the river somme in some of the bloodiest fighting of the first world war. this is the start of the armistice and remembrance events throughout the weekend, 100 years since the end of the first world war. the prime minister has not been to thiepval. we saw those pictures of her with emmanuel macron earlier on. let's get more now on the dup, which has accused the pm of "breaking promises" over plans to avoid a hard border between northern ireland and the irish republic post—brexit.

>>> breaking brexit news the pound plunging as theresa may's top brexit secretary resigns. we are live in london with those details. >>> markets right now, the dow moving lower as it extends its longest losing streak since august >>> and crude realities. oil did snap a 12-day losing streak while nat gas pulls back from a four-year high. it's thursday, november 15, 2018 you are watching "worldwide exchange" on cnbc. >>> good morning welcome to "worldwide exchange." i'm dominic chu. brian sullivan is on assignment today. let's get a quick check of the markets. we are pointing to a slightly lower open the dow off by 35 points the s&p by 5 the nasdaq by 1. futures pointing to that lower open after the dow closed below its 200-day moving average yesterday. first some breaking brexit news. the pound is plunging right now as prime minister theresa may's top brexit chief hands in his resignation. let's get to willem marx live in london with the latest dominic raab stepping down means what for prime minister theresa may? >> it means she's under a great deal more pressure in the last

theresa may urges parliament and the public to back her brexit deal after its endorsement at today's eu summit. the british people don't want to spend any more time arguing about brexit. they want a good deal done that fulfils the vote and allows us to come together again as a country. jean—claude juncker, president of the european commission, issues a warning to those mps who think the eu can be persuaded to make further changes. this is the best deal possible for britain, this is the best deal possible for europe, this is the only deal possible. donald tusk, who chaired the summit, says the european union wants to remain as close as possible to the uk after brexit. regardless of how it will all end, one thing is certain. we will remain friends until the end of days. throughout the hour, we'll be turning to our reality check correspondent for clarity on what exactly has been agreed, and where we go from here. eu leaders have given theirformal backing to britain leaving the european union. prime minister theresa may says the deal offers for britain and urged parliament and the publ

it bodes ill for theresa may. she really is surrounded by enemies and as you said, there are cannons being fired from all sides. >> a tough day for th prime minister. enow they are coming after her. let's hear from jacob rees mogg. >> the conservative party recommended -- referendum set specifically that we would leave the customs union. they did not have any small print saying unless we decide to have a permanent custom union that is harder to leave than leaving the european union under article 50. >> it is important to remember this is a man from her own side, her own conservatives. who is jacob rees mogg? barbara: he's one of the leading figures of the hard-line brexiteers. he early on recognize that this was a cause that he could galvanize, the entire europeans and the tory party with. he as has been a figure on the k benches and never put himself out into the limelight, never said i want to be leader i want to do anything but always sniping from the back. but his popularity within the tory party has been cons

theresa may has insisted the uk will always stand by gibraltar. she was speaking after spain dropped its threat to boycott the summit. the eu says it will now go ahead, and the uk's withdrawal deal is expected to be agreed by all leaders. our europe correspondent adam fleming reports from brussels. at last, the final steps in the talks to secure britain's departure from the eu. theresa may ushered into the european commission for the second time in a week. not to negotiate, that's over. but to shake the final deal. and was that a smile of relief it hadn't been derailed at the last minute? prime minister, did you compromise over gibraltar? hours earlier, her ambassador to the eu had written a letter reiterating how brexit would affect the rock. reassuring the spanish prime minister enough that he dropped his threat to boycott tomorrow's summit. translation: spain has reached an agreement on gibraltar. the first thing i want to tell you is that the european council is therefore going to be held tomorrow. arriving for her next courtesy call in brusse

they must know the vulnerability of theresa may as well. she has written this open letter to the british public. do you think there is an acknowledgement that we are going to be back in the next summit, talking about text ain? next summit, talking about text again? there you go, over the loudspeaker. there are some people on brussels. there has to be some kind of process. that is diplomats speaking in private unguarded moments. they are sealed, they are done, that is it, they will not be reopened. as i was saying, this is designed to be a big, dramatic spot the moment were theresa may has the backing of the 27. they say the deal is done. it's got the backing, sell it in westminster. the european parliament have a vote on the dealers well to a message, don't try and cause trouble or kick up a fuss at the end of the process. as 27 prime ministers and presidents have signed up to this. adam is going to be with us through the course of the day. you're watching a special programme from brussels. we will be back with more brexit later. let's get

. >> theresa may finally has her brexit deal. agreed to a.k. have future relationship between the two sides that would see a trade area that has deep ties and cooperation. the eu talks about equivalence of financial services in the u.k. time, there are some concessions that could help atresa may get those voted parliament. they have to the backstop as a separation between northern ireland and ireland. both sides are determined to never use those and find a way out of it. , and is also migration theresa may can argue this is taking control of borders and free movement of people as part of brexit. the eu question is leaders are expected to sign off. then, it will go to the u.k. parliament to decide whether they kill the deal or seal it. the question is whether theresa may has the numbers to do this. through, itot get is a nightmare scenario for the u.k. prime minister as the brexit process and the timeline could be called into question. in today's sunday telegraph, theresa may said it will be a deal that is in our national interest, one that work

who is a likely replacement for theresa may? i think we're getting ahead of ourselves, because i believe the prime minister will win the vote of confidence. all these letters do not trigger a leadership contest, they only triggered a vote on whether we support the prime minister as it is. as for the future leadership of party? i will not get into speculation, plenty of people have said they would like to be leader, but i am very happy and confident in theresa may making sure we get the deal we need. thank you very much indeed. the irish minister has said his government has no hidden agenda when it came to brexit. speaking during his... the irish prime minister, leo varadkar, said his government has "no hidden agenda" when it came to brexit. the taoiseach, speaking during his ‘fine gael‘ party leader's speech, said the only red line had ever been to protect the good friday agreement. he said the country will do all that it can to build a new relationship with its nearest neighbour. we have negotiated a deal that defends the r

|j no—confidence vote in the prime minister, theresa may. i have heard the keeps these closely guarded under lock and key, so how do we know when he has received 48? is there a scenario in which he could receive 48 but still decide not quite to trigger the vote? well, we don't know, and ultimately, and it is possible, let's imagine this, that let's imagine he was an ultra—loyalist of theresa may, it is not impossible, it is not impossible that he could have 80 letters and he's keeping them to himself, but this is extremely unlikely, in part because he is a man of integrity, as an mp, he has the trust of the party because they do think that he is honest. so he is the only person who will know the exact number. people obviously who are trying to get the numberup to 48, obviously who are trying to get the number up to 48, or say it is higher, they are desperately, probably, trying to get more numbers, because they are vulnerable, if they are known to have stabbed the prime minister in the back, if you like, by putting unilever, they will want

one even warned he could withdraw his support from theresa may. i haven't spoken to sir brady, but it comes at the point where the individual and the policy become interconnected and it will be hard to carry on supporting the person carrying this policy. and those who backed to remain have concerns, this was a rally last night for those who wa nt was a rally last night for those who want another public vote. was a rally last night for those who want another public votei was a rally last night for those who want another public vote. i would accept a deal that will totally undermine our credibility and the whole of the rest of the world because even if some people in my party cannot see this as a bad deal, eve ryo ne party cannot see this as a bad deal, everyone else around its entire planet can. the prime minister one —— must win the backing today if there is good to be a meeting of eu leaders later this month to finalise the deal, some are calling for calm. a lot of progress has been made. the united kingdom has worked extremely ha rd united k