the u.k. coronavirus variant overshadows a new stimulus deal in the united states. final push, boris johnson offers a last ditch proposal on fishing as he races to reopen trade routes to france. , draggingring down the s&p 500 lower. lots to discuss this morning. we are nearly at the end of the year. let's get to breaking news, we have the backward looking third-quarter gdp in the u.k. the economy in the third quarter grew by 16% from the previous quarter. we are hearing that the u.k. economy shrank versus a year earlier. in the third quarter, the economy was 8.6% smaller than the previous year, but it grew from the second quarter. .t is backward looking questions remain over the resilience of the u.k. economy over the winter months. we saw bluebird economics revising down there forecast and estimate for the u.k. economy. we will go into another recession in the u.k.. tension across the channel. that is something we need to keep our eye on. let's get to the futures. performancergent between th

investment in the u.k. car industry has plummeted since then its 80 percent down and covered has made things just was that if we look purely at the bread to defect some eastern european countries all winning because some manufacturers and some in the car industry have already relocated some of their production to eastern europe. while looking over at the u.k. from europe i can't help but feel frustrated. press it was sold in the u.k.'s this big win win and what we have now is a new sleuth so it's very hard to see any significant advantage in all of this. after all the people we met after all the praise as well was travel these people have basically mainly lost out tensions are clearly running i had westminster we've had this draw european trade just us here for months so i'm a german i'm living in the u.k. my children were born. and i feel at home here but for me the e.u. is also important and it's important as a peace project these are the roots of the e.u. but that doesn't really resonate in the u.k. and

with calls from the u.k. prime minister boris johnson to the u.k. commissioner and there is no sign of those yet. we're waiting as it were for the puffs of white smoke to see when the final deal hopefully will be struck and then crucially what it might contain exactly. the news overnight is the negotiators were locked away in brussels negotiating line by line fish species by fish species about the shape of the fishing compromise will be in this wider ranging trade deal. anna: we'll be watching for the details. are they floundering on the detail of flouppeder? are they floundering on that and all of the other fish? is that where we are now? what are we going to be looking for on the fishing agreement when we finally see details? >> i would not go so far as to say they are floundering. i don't have another fish pun lined up there. we're looking for a compromise that the u.k. is thought to have given some ground on the amount of the size over the fish catch that it will allow the e.u. to take after this deal is struck. that has been getting them to com

u.k. trade deal is now complete but ends months of uncertainty and its implementation will mark a big changes the u.k. and e.u. will form 2 separate markets and free movement between the 2 will come to an end or reporter will tell me what the major points of the deal are in just a moment but 1st this report on the day the deal was done. just days before the january 1st deadline britain is set to leave the european union with a trade deal after months of wrangling the 2 sides finally agreed to the terms on which the e.u. would be allowed to continue fishing in british waters the last piece of the puzzle to fall into place before the deal could be announced both sides are selling the remit as the best deal for their positions. british prime minister boris johnson said it would benefit you have been a part of the u.k. a deal that will protect jobs across this country do a lot of goods u.k. goods and components to be sold without tariffs and without quotas in the e.u. market to deal which will

u.k. . scheme for students to go around the world and it will be called the cheering scheme and it will serve students who have the opportunity to know dr alan cherry so the students have the opportunity not just to go to european universities but to go to the best universities in the world because you want our young people to experience the immense intellectual stimulation of. europe but also of the whole world and as for i think you're asked about which way should the opposition vote on this what is probably obvious. the opposition to vote excellent deal and and i would strongly encourage everybody to do the same thank you very much everybody had a christmas thank you. ok we're just listening to the u.k. prime minister boris johnson who is conducting a press conference there because a new trade deal has been reached between the u.k. and the huge deal it was formally complete u.k. separation from the bloc 4 and a half years after that referendum he did say in his message to remain as he sai

to u.k. waters this was a very important issue for the french president so all those who are funded ally in the final stretch and got engaged and the talks and that's why i would said was also her success to be able to announce to steal today smiling and apparently being very happy about that indeed and preempting the book the statement we were expecting from birth johnston there now stay with us both of you like to now play some of what she had to say as she addressed and made that statement. and ladies and gentlemen at the end of a successful negotiation jeremy i normally feel truly. but true then i only feel quite dysfunctional and frankly speaking really. well i know we're interrupting. on the line there to bring in british prime minister virus johnson who is addressing the public now control of their money their borders their laws and their waters and to leave the european union and earlier this year we fulfilled that promise in that we left on january the 31st with that i've been ready

perhaps,il through, but parliament and u.k. -- in the u.k. will have to be recalled in the middle of their christmas break in order to examine the deal and there will be a vote on that. the opposition party probably going to supported. that doesn't mean there won't be a lot of sound and fury around the detail of this. the text of this thing will be published presumably later today . it will be a merry christmas day for a lot of us pouring over this. detail or000 pages of so in the devil really will be in the detail of this agreement. what does it mean for companies and different industries? what does it mean for things like the fisheries? and for now we have a more economic impact idea long-term on what this is going to be and we will find more on that on the european side. the parliament has already said it's too late, so this will be rubberstamped by the other 27 member states. there,t expect pitches but this is the european union after all, brexit, there could be a curveball next week, but the expectation at this point is that we get the d

investment in the u.k. car industry has plummeted since then it's 80 percent down and covered has made things just was that if we look purely at the bread to defect some eastern european countries are winning because some manufacturers and some in the car industry have already relocated some of their production to use in europe. we're looking over at the u.k. from europe i can't help but feel frustrated. for example sold in the u.k.'s this big wind wind and what we have now is a new sleuth so it's very hard to see any. that wanted just in in all of this. after all the people we met after all the presence well i've travelled these people have basically mainly lost out tensions are clearly running i had westminster we've had this draw european trade just this year for months so i'm a german i'm living in the u.k. my children born here and i feel at home here but for me the e.u. is also important and it's important as a piece project these are the roots of the e.u. but that doesn't really resonate in the u.k.

banks moveee u.k. and u.k. homebuilders move as eye the investors there price of homes and how they could change. you will have an interesting buyers who no longer will be at ease coming ,nto the country, leaving entering and leaving without the ease they had previously. keep your eye on u.k. banks, u.k. homebuilders and u.k. stocks in general as ftse futures rise at least twice as much as we see futures on the continent rising. this could be a good open for british investors this morning. this is bloomberg. ♪ matt: welcome back to "bloomberg market: the european open." we are about to see the start of trade. your top headlines from the bloomberg terminal. payouts for the people, the house passes a virus relief bill, increasing payments to $2000 a person. it heads to the senate for a final vote. europe's vaccine scramble. germany and italy seek to speed up the rollout of a covid shot. spain becomes the latest to record 50,000 deaths. u.k. stocks trade for the first time since an eu trade deal was struck, but

the u.k. cut off in terms of global travel. not many people traveling this time of year. also uncertainty and we will talk more about that through the program. the u.s. and european stock futures are pointing in the red after president donald trump said he's asking congress to amend the pandemic aid legislation that was passed earlier this week. let's get to our conversation with simon flynn in singapore. good morning. interesting to see how this played out in the markets because it was seen as risk off, wouldn't lead to a delay in president trump signing this into law? on the other hand, president trump wants to see more pandemic relief and the democrats instantly -- nancy pelosi saying, sure, we can do more. where do you think this leaves us? simon: hi. you are right. it is a real back-and-forth. at the moment, the markets are reflecting exactly what you said. first of all, this could mean more money. secondly, the democrats are clearly ok with substantially increasing the cash behind person

the u.k. has already signed up $59.00 countries to continue trading under the same conditions as with the e.u. plus a fresh deal with japan that's $220000000000.00 euros worth of trade still there are noticeable absences the u.s. would be the big prize but president elect biden has voiced concerns over bracks it which could signal tough negotiations ahead canada has agreed a temporary deal while talks on a permanent trade pact to continue negotiations with australia started in the summer and are still ongoing whether the u.k. will do a trade deal with the world's 2nd biggest economy china is an open question the u.k. isn't part of the heavyweight economy anymore which could weaken the u.k.'s hand in these trade talks the new deal will be a relief on both sides of the channel but for britain the toughest times may lie ahead experts predict economic growth to slow living standards to drop after all that is dream of gaining sovereignty but to buy that they've given away their country's internatio

want a deal the u.k.'s not going to give up on these fishery issues like hillary's talked about so many times the e.u. i don't think actually wants a deal because they want it to go badly for the u.k. as we've talked about because if it goes well then other countries leave so here's what you have to do as a politician is you have to posture as if you want a deal because your constituency is demanding get something done right but there is a there is a conflict of interest here the conflict is that business is in the you want to deal you know fishermen in the e.u. in france specifically in the jury they want these deals done but the leaders. ship as from a globalist perspective does not want to deal because they want it to go badly for the u.k. so they have to posture as if they're fighting for their people when in fact they're not they're fighting more for their system than they are for their do you see the u.k. as being weak here for that. being weak no absolutely not i think i think that the u.k. knows th

the u.k. a longer-term economic disadvantage. francine: holger, what does it mean for how you are expecting u.k. assets and the u.k. economy to actually perform? say you have a deal, what kind of economy are we going to see? is that austerity, tax cuts, or tax hikes? how will this government actually shape what we will see 18 months from now? dr. schmieding: well, first of all, by the end of this year, one way or the other, we will probably know whether there is a deal or not, so the uncertainty, which as such, is negative, negative for the u.k. con amanda little negative for europe will be over one way or another by the end of the year. there is going to be a deal, even if it is a skinny , as to the u.k. fiscal situation, the u.k. of course does shoot itself in the foot with brexit. it has done so ever since the referendum. as you can see, the u.k. economy as a resultformed of the brexit referendum. the u.k. will have lower trend growth, which means it will be more difficult to balance the bu

now, the u.k. and eu negotiators have discussed a last-minute brexit deal this week, but sources say it is too close to call. differences remain. meanwhile, boris johnson has expressive or vote by 55 of his colleagues. the pm wanted to vote on new pandemic rules, it is clear he cannot rely on his own party to back him up, especially as the u.k. heads into winter months. still with us, alberto gallo from algebris investments alberto, first of all, are you expecting a deal? alberto: one of the silver isings of the u.s. elections now we have a u.s. administration from january that won't support brexit. so i would say that balance has definitely shifted to give the eu the upperhand here, on top of the internal dissent that boris johnson is facing. so we do expect a deal. we think that, overall, this could unlock some capital to go back into the u.k.. u.k. assets generally have been very, very much involved, over the last decade, a lot of asset managers are based here, and the pound was the 6% of global

the u.k. all of the professional services accountants octets lawyers engineers they're all able to buy best services and all the woods to work in the e.u. with the equivalent see all that technical competence that has changed so now edu freshness and u.k. pressure well i didn't want to quote book each of those targets and that is the biggest change but really that the freshness. we'll there will be a certain number of days when you can travel with europe without special. terms of the actual trade. offs that u.k. special relationship due. to a lot of major differences a lot both still remains. really that they haven't agreed on so remains to be seen how how they'll go about with this agreement but there there seem to be concerned there's a lot of wiggle room like we said in this agreement and that it will ultimately mean that either side can deviate significantly from these trade norms is that true yeah it is and what who are saying she said about financial services it's very important to know

u.k. is where we start with breaking news. pfizer and beyond tech, the covid-19 vaccine has been approved for use in the united states -- the united kingdom. the united kingdom has a lot of this vaccine, although it has more of the astrazeneca one, waiting for approval. this is the first time we are seeing approval of a vaccine in the u.k., in western europe -- western countries, it seems. the pfizer-biontech vaccine approved from next week. things could move apace. we kept hearing from the new vaccines are and the prime minister that things are ready, the infrastructure if you like behind vaccine rollout is ready to start once the vaccine is available and once the vaccine is crucially approved. this is approval by the regulator here. the nhra has approved the vaccine according to an email statement. it will be available from next week so we will see how quickly those needles can get into arms. now just under an hour away from the start of the cash equity trading session. let us see if tha

investment in the u.k. car industry has plummeted since then its 80 percent down and cover has made things just was but if we look purely at the bread to defect some eastern european countries are winning because some manufacturers and some in the car industry have already relocated some of their production to eastern europe. we're looking over at the u.k. from europe i can't help but feel frustrated. principle sold in the u.k.'s this big wind wind and what we have now is a new sluice so it's very hard to see any significant advantage in all of this. after all the people we met after all the praise as well was travel these people are basically mainly lost out tensions are clearly running out yet westminster we try to destroy european trade just as here for months so i'm a german i'm living in the u.k. my children were born here and i feel at home here but for me. the e.u. is also important and it's important as a peace project these are the roots of the e.u. but that doesn't really resonate in the u.k. and

investment in the u.k. car industry has plummeted since then it's 80 percent down and covered has made things just was that if we look purely at the bread to defect some eastern european countries are winning because some manufacturers and some in the car industry have already relocated some of their production to eastern europe. we're looking over at the u.k. from europe i can't help but feel frustrated. practical sold in the u.k.'s this big wind wind and what we have now is a new sleuth so it's very hard to see any significant advantages in in all of this . after all the people we met after all the praise as well was travel these people are basically mainly lost out tensions are clearly running i investments that we've had these strong european traders this here for months so i'm a german i'm living in the u.k. my children who were born here. and i feel at home here but for me the e.u. is also important and it's important as a peace project these are the roots of the e.u. but that doesn't really resonate

u.k. fishing industry only accounts for 0.02 percent of the u.k. economy but nevertheless it is an issue between the e.u. and the u.k. and part of that is because the e.u. wants access to british waters there are coaches currently for e.u. member states now they're trying to negotiate over 3 things which are a sticking point one is how much those coaches are reduced by culture brick sit and access to those waters and also what reciprocal action you can take against the u.k. if those quotas a further reduced pull spreads it right now 60 percent of the u.k. fish caught by british fisherman exported to the e.u. now the u.k. doesn't want tariffs put on those because of effect the industry. doesn't want their quotas are juiced because it will affect the e.u. member states fishing industries so that's a sticking point but people here some people here do feel that this problem is a problem made entirely by the conservative party of the u.k. government because jewelry and breath sit campaign this very idea of sovereignty independence taking back control in

the u.k. internal market bill was reported by bloomberg in october. talks in brussels are at a critical stage with bird officials -- british officials warning there may be only hours left to save the deal. america's top infectious disease expert is warning the christmas season could be worse than thanksgiving in terms of the spread of covid-19. andrew cuomoned at a briefing and said january could be a dark time for our country. the u.s. has had 14.8 million cases according to data collected by johns hopkins university and bloomberg news. ece is acknowledging restrictions have not reduced the spread of covid-19 enough. the government is extending lockdown measures through the holidays, keeping schools and restaurants closed. stay-at-home orders will remain in effect with government outside only allowed with government permission. they have had 3000 deaths, most in the past month. political president alliance is a sweeping victory. the races were boycotted by opposition politicians and criticize

the u.k. prime minister by stance and claimed the deal does settle his a country's difficult relationship with the e.u. a once and for all and would you agree with that assessment. i think that we've got that the general playing field set as we've been discussing discussing that the the mood is is very positive as well however there are going to be as the relationship develops there are going to be difficulties because all do the deal does not require britain to adopt new e.u. and standards for food goods and sort of social social networking standards which that which is wanted to reject actually in their referendum when they decided in 2016 to leave it means that over time british governments will will will take measures perhaps they will want to rescue an industry that's in trouble a manufacturing industry or an airline and still something of that nature and it will it is going to cause friction but once again i'm going to insist on sending a happy christmas message that's the playing field

the u.k. sending stocks lower around the world. travel stocks being hit especially hard. long lines as traffic from the u.k. is being blocked from crossing to france. another brexit deadline also passes. the combination sends the pound lower at the european medical agency clearing the pfizer biontech vaccine for use. the first shots expected by year end. i mentioned the pound sharply lower. we were below 1.32 earlier on. we bounced off that low. european equity markets are down 2.5% on the stoxx 600. stateside we are seeing better market performance. bouncing off the lows we saw in the futures. yields moving lower. a cap lower. yields have been climbing since those lows. the biggest move in brent in over two months. kailey: right around the $50 a barrel level. let's get to the latest from brussels. the coronavirus vaccine made by pfizer and biontech wins the backing of a key european review panel. joining us for more is maria tadeo. good news on the vaccine front but in the meantime this trave

the u.k. has taken back control of every jot and tittle of its regulations on the nation's well he said that the u.k. would be out to catch prodigious amounts of fate now going forward so those are some of the statements that he gave a was quite a quite a light press conference crucially though he said that this deal will give a lot of businesses clarity that's the word they used over and over again because that's what has been a big concern to say many businesses here with just days before the end of the transition period with say they are trying to prepare for what ever the outcome may have been but they simply didn't know exactly what they needed to do boris johnson saying today that this will give them the clarity now going forward to prepare for the end of the year alexander the e.u. will lose a member paid into the union leaving it worse off financially potentially where does that leave the e.u. budget. well it's not only about budgets of course also about military strength and we of cou

the u.k. begins handing out vaccines today in what has been labeled the biggest immunization campaign in history. germany says it will immunize 10 million bite end of march of 2021. but stocks and futures slide on a report that pfizer won't get more doses to the u.s. until at least late june. hong kong starts to return to lock-down measures as cases rebound. anna: matt, it is one minute pass 7:00 here in london. minutes ago, just a little bit earlyier on this morning, patient a npt u.k. received the coronavirus vaccine. of course this is not the first person in the west even to receive this because we have had plenty of trials taking place. these are almost live picks, coming to you with a slight delay, 15 minutes or so. but this is patient a in the west midlands, a city there. receiving the vaccine. i am not sure if these pictures or just before or after, confirming key details with the nurse. here we are, momentous events, i suppose. let's not forget she is not the first person to receive th

the u.k. otherointing to the fact parts of england may enter into tier four, that worry is going to be hitting the demand side. now, we begin this morning with the surprise video from the president overnight. president trump is demanding congress amend the bipartisan covid relief package he had been expected to sign. pres. trump: i am asking congress to amend this bill and increase the ridiculously low $600 to $2000, or $4000 for a couple. i'm also asking congress to immediately get rid of the wasteful and unnecessary items. now toe: joining us provide clarity is bloomberg's john hardy in d.c. very good morning or late-night to you. what are the president's objections and amendments. he went through a slew of things. unclear is a little what his objections are except the amount of money being offered to people. measure, which went ryrough this long and ve torturous process to be passed by congress. $600 per person. the president wants $2000. the video set, he complained about wasteful spending

the u.k. has already signed up $59.00 countries to continue trading under the same conditions as with the e.u. plus a fresh deal with japan that's $220000000000.00 euros worth of trade still there are noticeable absences the u.s. would be the big prize but president elect biden has voiced concerns over bracks it which could signal tough negotiations ahead canada has agreed a temporary deal while talks on a permanent trade pact continue negotiations with australia started in the summer and are still ongoing whether the u.k. will do a trade deal with the world's 2nd biggest economy china is an open question the u.k. isn't part of the heavyweight economy anymore which could weaken the u.k.'s hand in these trade talks the new deal will be a relief on both sides of the channel but for britain the toughest times may lie ahead experts predict economic growth to slow living standards to drop after all it is dream of gaining sovereignty but to buy that they've given away their country's international i

investment in the u.k. car industry has plummeted since then it's 80 percent down and covered has made things just was but if we look purely at the bread to defect some eastern european countries are winning because some manufacturers and some in the car industry have already relocated some of their production to eastern europe. we're looking over at the u.k. from europe i can't help but feel frustrated. press it will fold in the u.k.'s this big wind wind and what we have now is a new sleuth so it's very hard to see any significant advantages in in all of this . after all the people we met after all the presence well was travelled these people are basically mainly lost out tensions are clearly running out yet westminster we've got these draw european trade just as here for months so i'm a german i'm living in the u.k. my children were born here and i feel at home here but for me. the e.u. is also important and it's important as a peace project these are the roots of the e.u. but that doesn't really resonate

, the u.k. is massively underweight and one of the most favored underweight's globally. if you are an investor who can stay in the market for decades and your time rising can account for the eventual recovery of the u.k. economy, then it sounds like a good deal, but it sounds less like a good deal when you don't have time on your side and you do not have this to spend to begin with. in terms of longer-term trends you can make the you are thinking, it may not be betrayed for you. alix: what sectors would benefit from the continued government stimulus? the u.k. was going to be the prime example of working together. in the u.s., you have the small caps, for example. kristine: we have the domestically focused stocks that are likely to benefit from anything for the domestic economy. your home builders. theya valuation standpoint remain underweight's in investment portfolios, so look for these two have a balance. after we get over the initiative -- the initial shock, these would be the sectors that wo

the u.k. is the hypothesis, and i have to stress that all of these are hypothesis until saudi data backs them, that the -- solid data backs them, that the rapid increase three we are seeing in the u.k. may be driven by youngsters, adolescents catching the virus and even younger people. because the virus has found a way to be more efficacious in getting into your cells, and those age bands are less susceptible normally, it seems to be that that might be what opposede rapid rise, as to people like me being more susceptible to the virus. if that is the case, it obviously impacts massively how we think about schools and opening of schools everywhere, especially the u.k. ousef: the indications are that this vaccine, or vaccines in general, are meant to be continue to be effective with this variant. there is no hard evidence to actually confirm that so it could actually be not as effective? sam: yes, that's perfectly possible. we just had a conference call by biontech where they described that they

eu citizens lose the automatic right to live, work, retire in the u.k. in the future. u.k. citizens lose the same rights and europe. you willot need a visa for short-term travel like holidays. you cannot stay in european countries for more than 90 days in every 180 day. -- period. . if you have a health insurance can it will remalid until it expires. the government is setting up a new u.k. scheme but it does not exist yet, so you might need to get travelers insurance. you will need to get a green card to prove that you have the right vehicle insurance. if you want to take your pet to europe, you will need an animal health certificate from a that. services -- health significant from a vet. therein will be a chang services for the u.k. economy. theres not a huge amount in the deal about financial services. the exact conditions about which u.k. companies can operate in europe, they are not yet clear. in terms of access, there is better news for u.k. lawyers who want to work in europe compared to u.k. accountants right there is noge l any automatic recognition of profess qualif

if the u.k. did the same thing, that would mean tariffs and u.border checks between th and e.u., n ministers have acknowledgedhat could lead to price rises. unlike australia, the u.k. does a large amount of its trade with the european union. and the fact we do not know what will happen at the end of the month is creating uncertainty for u.k. businesses. >> of course businesses expected likely to see a moike this . in the game.coming very late businesses a want to see a deal happen. they do want to see the two sides talking but they are running out of time tont imple whatever may be agreed or not agreed in brussels. >> well, since that phone call between the european commissioner and boris johnson soces and the g u.k.ernment have been briefing journalists and rather than talking up the chance of aar deal, the sounding very pessimistic. we have beenrang the cold outside and downing street. >> let me take you through a court -- a quote from a government source. talks are in the same position as they

the u.k. has already signed up $59.00 countries to continue trading under the same conditions as with the e.u. plus a fresh deal with japan that's $220000000000.00 euros worth of trade the new deal will be a relief on both sides of the channel but for britain the toughest times may lie ahead experts predict economic growth to slow living standards to drop right now the u.k. needs good news for its economy and as with everywhere the pandemic has eaten away at growth hastening the decline of thousands of small towns and cities getting trade humming through britain's ports will help mitigate those effects but will the opportunity cost of brecht's it leave the u.k. far weaker in the world than it could have been or will britain confound critics and build itself into a singapore on the english channel the odds are stacked against them but by getting a deal with the e.u. done britons have looks beyond their island and taken the 1st important step and speaking of looking beyond their own island let's

the big actor will be the u.k.. the u.k. will have to ensure each mechanism so that individual departments and individual government departments do not go off and do something that jeopardizes elements of this agreement without other people in government being aware. you don't want unconscious transgressions. that needs to be part of the strategy if they are doing that. i think it is time to do that. one of the things that the u.k. was good at, it was one of the best countries at coordinating its approach across departments to the eu. they have great mechanisms for for dating its approach to -- four coordinating -- for coordinating. alix: coming up, chinese regulators returning to payment route and overhauls an entire business model. this is bloomberg. ritika: this is bloomberg markets. ellen wald. this is bloomberg. ♪ ritika: time for a look at the biggest stories right now. build additional cars in the next three years. the ceo says the vehicles will account for 1/5 of the sales by 2023. that is up from 8 percent. he is

investment in the u.k. car industry has plummeted since then it's 80 percent down and covered has made things just was but if we look purely and abroad to defect some eastern european countries are winning because some manufacturers and some in the car industry have already relocated some of their production to eastern europe. we're looking over at the u.k. from europe i can't help but feel frustrated. press it was sold in the u.k.'s this big win win and what we have now is a loose loose so it's very hard to see any significant advantages in in all of this . after all the people we met after all the presence well was travel to these people are basically mainly lost out tensions are clearly running out yet westminster we don't destroy european trade just this year 4 months so i'm a german i'm living in the u.k. my children who were born here. and i feel at home here but for me the e.u. is also important and it's important as a peace project these are the roots of the e.u. but that doesn't really resonate in

want a deal the u.k.'s not going to give up on these fishery issues like hillary talked about so many times the e.u. i don't think actually wants a deal because they wanted to go badly for the u.k. as we've talked about because if it goes well then other countries leave so here's what you have to do as a politician is you have to posture as if you want a deal because your constituency is demanding get something done right but there is a there is a conflict of interest here the conflict is that business is in the e.u. want to deal you know fishermen in the e.u. and in france specifically in germany they want these deals done but the leadership as from a global is perspective does not want to deal because they want it to go badly for the u.k. so they have to posture as if they're fighting for their people when in fact they're not they're fighting more for their sense them than they are for their do you see the u.k. as being weak here for that. being weak no absolutely not i think i think that the u.k. knows

now flights from the u.k. are being suspended to more than 40 countries across the world including much of europe india and hong kong plus all neighboring countries are closing their borders so for the u.k. it's a double blow right now leaving unpretentiously isolated from their neighbors you know at a time when their departure from the e.u. has already caused a souring relations with their neighbors plus send financial markets binay as stocks in europe there sharply lower along with energy prices and the british pound brant respondent cited temperature thank you for keeping us up to date. and amid these latest concerns regarding the outbreak of cope with $1000.00 in the united kingdom the nation is still dealing with contentious to go she issues regarding a post breck's a trade deal with less than 2 weeks left in the transition period the e.u. and great britain are still stuck on fishing rights in british waters and the so-called level playing field rules to provide fair competition on both sides now negotiat

the u.k.. we knew they were pushing for that. now it has been authorized in great britain. you could see even more vaccines spread across the country that has already immunized well over 600,000 people. i do not know what numbers were added yesterday. they are doing it at a breakneck pace. to seelook at the gmm how we are set up for the day today. go ahead and pull up that screen. g20can see in terms of countries, the asian markets are a little mixed. ,he csi 300 is higher indonesia is down. -- it is arabian real interesting to see him move up of 0.02%. move this is a currency that does not move very much. a tiny little nudge is a huge move. the australian dollar up, the indian rupee up. these are today's top stories from the terminal. u.k. prime minister boris quickn set to win parliamentary approval for his post-brexit trade deal. hard-line conservatives will back the accord after speculation they might vote against it. the opposition labor party will also support it. labor has criticized th

it's the u.k.'s biggest hospital with the eventual capacity for 4000 covert 19 patients built inside a london conference center it took just 9 days to construct with the help of army engineers dramatically expanding the critical care bed count and other similar sites on the way the actual london numbers could be much higher than advertised researches say that huge gaps in testing capacity that the government is now trying to close extrapolate that across the country under spread of corona virus appears far wider than anyone thought. hello i'm daryn jordan and with a quick reminder of the top stories here on al-jazeera nearly 14000000 americans will lose their unemployment benefits within hours unless president trump signs a coronavirus relief and spending package trump has refused to sign the bill unless congress extends relief checks from $600.00 to $2000.00 was in jordan's in washington she explains what will happen if the president refuses to sign the bill it's very simple if there is no presiden

the u.k. has already signed up $59.00 countries to continue trading under the same conditions as with the e.u. plus a fresh deal with japan that's $220000000000.00 euros worth of trade still there are noticeable absences the u.s. would be the big prize but president elect biden has voiced concerns over bracks it which could signal tough negotiations ahead canada has agreed a temporary deal while talks on a permanent trade pact to continue negotiations with australia started in the summer under still ongoing whether the u.k. will do a trade deal with the world's 2nd biggest economy china is an open question the u.k. isn't part of the heavyweight economy anymore which could weaken the u.k.'s hand in these trade talks the new deal will be a relief on both sides of the channel but for britain the toughest times may lie ahead experts predict economic growth to slow living standards to drop after all it is dream of gaining sovereignty but to buy that they've given away their country's international

the u.k. all of the professional services accountants octets lawyers engineers they're all able to buy best services and all the woods to work in the e.u. with the equivalency all their technical competence that has changed so now edu freshness and u.k. pressure well i don't want to quote book which up of sturgeons and that is the biggest change but really that the freshness. we'll there will be a certain number of days when you travel with europe without special. terms of the . u.k. special regulations due. to a lot of major differences a lot both still remains. really that they haven't agreed on so remains to be seen how how they'll go about with this agreement but there there seem to be concerned there's a lot of wiggle room like we said in this agreement and that it will ultimately mean that either side can deviate significantly from these trade norms is that true yeah it is and which what hillary financial services it's very important to know that the financial services section of this so

goods but likewise the u.k. can in prose impose tariffs too so i just think that the w t o just like boris johnson said the w t o rules aren't as dire and as gloom and doom as drastic as was ever talked about also just think about some of the things brand like it was purported that hundreds of thousands of jobs would leave the u.k. capital in the financial sector and go to paris or 2 boleyn well they have an only 5000 to date approximately have so i think that once a settles down abetted a no deal is better than a bad deal why settle for a bad deal when the w t. oh establishes tara which can then be used also against the e.u. and i want to go into these latest restrictions that we talked about here at the beginning of the show we're seeing travel bans with the u.k. from other european nations due to this new strain of the virus and france has actually gone as far as issuing a temporary freight bad u.k. prime minister boris johnson actually spoke about that monday. it's working 1st to stress these delays which ar

u.k. relationship i think this deal means a new stability and a new certainty in what has sometimes been a fractious and difficult relationship we will be your friend your ally your supporter and indeed never let you be forgotten your number one market reactions to the new deal have varied from relief to despair it feels really good to live in an independent country again and then go for a break say i have really tried to not be part of europe anymore full of go i think we've got to be going to i don't know what with you obviously have kept it real with you right. dave is obviously deaf or no deal fishing rights had been one of the slipperiest subjects the final deal left the u.k. fishing industry disappointed european boats will still drop nets and british waters giving up only 25 percent of their catch quotas british exporters face new bureaucratic burdens with business groups saying they have little time to prepare travellers will no longer roam freely facing the hassle of applying for

the u.k. and e.u. are trying to hammer out a trade deal in brussels several deadlines have already passed but the exit takes effect at the end of next month of this month right now the blocks. is briefing member states on the latest progress. even if the final push. today did you feel relieved to see the market then go i would continue to work in total transparency we remember shit like nafta hundreds of parliament voted for you very much. as a bird has more from london. before e.u. chief negotiator michel barnier went in to brief e.u. diplomats he spoke to reporters and he said that we are at a crucial moment and they're giving it the final push and of course that deadline of for the u.k. to leave the us fast approaching and they still don't have a deal now we understand prime minister barak's johnson did have a secret phone call with the head of the e.u. commission now we understand that some of the sticking points are the u.k. fishing industry and the u.k. fishing industry only accounts for 0.02 per

want a deal the u.k. is not going to give up on these fishery issues like hillary's talked about so many times the e.u. i don't think actually wants a deal because they want it to go badly for the u.k. as we've talked about because if it goes well then other countries leave so here's what you have to do as a politician is you have to posture as if you want a deal because your constituency is demanding get something done right but there is a there is a conflict of interest here the conflict is that businesses in the you want to deal you know fishermen in the e.u. in france specifically in the jury they want these deals done but the leaders. ship as from a globalist perspective does not want to deal because they want it to go badly for the u.k. so they have to posture as if they're fighting for their people when in fact they're not they're fighting more for their system than they are for their do you see the u.k. as being weak here for that. being weak no absolutely not i think i think that the u.k. knows t

the u.k. health service is calling this the biggest immunization program in its history 1st in line for the vaccine will be people over 80 as well as care home staff and frontline health care workers but this rollout poses major just tickle challenges this vaccine needs to be stored at around minus 70 degrees celsius and means carefully meaning in england it will at 1st only be administered from 50 specific hospital hubs. but the majority of the public hear back the nation's at sites like this hospital a still a way off but her thirty's in the u.k. the messaging surrounding the start of this rollout could not be more important after all approving the vaccine is one thing actually encouraging people to take it is quite another. as the 1st in the wall to water rise the vaccine the u.k. is dependent on public trust and enthusiasm isn't universal risk is it was a long time to say thanks to i would take it. because the benefits outweigh the risks seems sensible thing to do yet and it's the only way

all the trade between the u.k. and francis at a standstill. you have been surrounded --u.k. u.k. the between the u.k. and france is at a standstill. you have been surrounded by what i imagine are frustrated workers. >> they certainly would like some kind of a decision, a protocol to be taken between the u.k. and the rest of europe, because they haven't stuck your, some for 24 hours already. the weather is close to a storm here. every time, they try to knock on the door of the dover terminal, they are being told to go away, and to wait, at least for 48 hours. sometimes, there are angry exchanges with those whose job it is to send them away. we have witnessed this today. certainly, president macron talked to the british prime minister today. they are hoping that the situation will be solved, and the next couple of days, with the protocol, that will enable the reopening at least of cargo freight tour the continent, because at the moment, this area, dover in particular, has been turned into a lorry park. and major supermarket chains are saying and 48 hours there will be some shortage

the u.k. parliament. taylor: what needs to be the next hurdle? i am trying to get you to american, on dumb the way these things work. on the way the international world has viewed this. what does the u.k. need to do next not to only reassure its trading partners but other government relations they have a firm grip on this? >> it is interesting what they do. the first thing is to obviously get all the leftover procedures through. the deal needs to be approved by the u.k. parliament. it is going to be a formality. we will do it very quickly. there will be the parliament complaining about the lack of time they have got. they have very little time to have a look at it. that will pass the u.k. parliament. i think the u.k. government will need to show that understands the deal and is sticking to it. remember back in the autumn, we had that big a row when the u.k. government said we are going to legislate to ignore elements of the northern ireland agreement in january because we do not like the way i

and the u.k. have been fishing in those waters during the entire time of the european union, and they have been subject to quote us on how much fish you can take in order to try to make sure the fish stocks main sustainable. the u.k. fishermen are basically tired of having to live with those quotas. they would like to be able to fish as much as they want to fish. secondly, they don't like competing with having spanish and portuguese and other european union both fishing in those same waters. they are looking to kick out the european fishermen from their waters. of course, the u.k. fishermen no doubt like selling fish to the european union. in terms of the flow, and a portly on the u.k. side, services, what happens in the event of a no deal? what will actually manage that actually day to day flow? how much friction does it create if there is not a deal? jennifer: what is very interesting to me is that the fish, the u.k. fishermen fish, are the ones that the europeans like to eat. so the vast majori

think the u.k. is economy will benefit quickly from this obvious and some commentators say look in the 1st year the u.k. economy is going to have to take a hit and then it might grow but what's your what's your thought on what might happen. well i think it will benefit recently quickly you must pool these forecasts to one side because most economic forecasts are usually wrong and good just guessed a bit slow people who are very critical of bricks it and these people look at making dire forecasts was the last 4 years none of which would come true. i expect will do well i didn't listen to these people you might as well 'd go to this job and just page of the sun from where you are probably more reliable for us that i carry out and we'll leave it that a very happy christmas t. we appreciate your time this evening we know you think the. thank you heated i was down in scant professor of international history at the london school of economics thank you. sure i will it's total sassy style and she's in the s

and u.k. is imminent u.k. prime minister abbas johnson is reported to be finalizing details on the phone with the e.u. leader johnson is expected to hold a news conference in the coming hours u.s. president all trump has granted clemency to more of his allies in this $26.00 pardons and commutations includes his former campaign chairman paul manifold jaric knows father and his advisor and friend for just. if you go here's prime minister ahmed has deployed a military force to a western region where gunmen killed 100 people abby visited the area the day before the attacks to urge peace and unity between ethnic groups. fears a growing of chaos on the border between the u.k. and e.u. before a break this agreement is in place thousands of truck drivers are already stranded in the english port of dover struggling to get coronavirus test so they can cross into france and get home for christmas and as paul brennan reports from dover drivers are becoming more frustrated. facing a 4th night trapped in their vehicles and