u.k. election. tories set for their biggest win since margaret thatcher if exit polls are to be believed. this gives the conservative party a big lead. more: there seems to be clarity on brexit and also on trade. i am shery ahn, at bloomberg world headquarters in new york. the other big news we are hearing from sources telling bloomberg that president trump has signed off on that trade deal, phase one with china, and also avoiding that $160 billion of chinese goods being given more tariffs. the plan was for this sunday, the deal could include agricultural goods, purchases from china, not to mention perhaps those existing tariffs also being lifted. that's get the market reaction right away because japan and south korea are coming online. david ingles is in hong kong. what are you seeing? david: if you took that and went long in the cash market on sterling or any of these as well, certainly, 13 514 what's your session high on cable. one thing to note on this as 2% wouldthing beyond make this

the u.k., so we ought to protect that, but we also want to give ourselves the freedom to strike other trade deals with the u.s. and some of the other fast-growing economies around the world. there will be a balancing act, he could- demonstrated do self negotiations and do them quickly, that's what we will look to do with the eu -- with the eu. >> what kind of deal will be on the table with the nhs? >> that was nonsense put out by the labour party during the general election, and the british people were not buying it. the nhs is not for sale, will never be for sale. it will remain public-owned, public-funded, and free to use. it is so fundamental to our psyche as a british people, that will never change. what about with the norway agreement? do you know what the prime minister is thinking? >> although short hands were unique when they were first no doubt at all that the relationship in the u.k.-e.u. strike will be unique and different, but it will be to the benefit of both the u.k. and the eu.

and the u.k. to reach a proper deal. yes it is in the interest of both of the question is how the u.k. and now with a with a strong majority for boris johnson will actually play these negotiations so i would expect that these negotiations will be even tougher than the negotiations on the brics a trade deal that the brother breaks a treaty and remember this all or already took 2 years to really get to a deal which was not really it's a embraced by all from both sides on the e.u. and the u.k. on a trade deal also don't forget that the trade deal will have to be passed by all national european parliament in the end so i think really end of 2020 is completely unrealistic the e.u. has already offered it might be extended to 2022 even this is still a very it's a very ambitious deadline to really get this trade deal done so what are the main sticking points then to be covered in those 11 months. for 1st of all really how will the future look afterward so how do we deal with the european standards how wil

the u.k. get these to the broadcasters. a forecast majority for the johnsons conservatives. 650.ng 368 seats out of seats.party winning 191 so it goes on. that would be the poll showing the consensus winning 368 seats out of 650. theresa may had only 317. that would be better than thatcher in 1979 and similar to the first mrp poll. a 48 seat potentially majority coming through. it will be a big majority. may be forced johnson has the option of taking a more flexible approach to the next round of negotiations. >> cable up. back to 1.33. the average post-brexit referendum is 1.30. we are not a million miles away from that. we have avoided the hard edged story if this is the accurate result. is this? if we get past this tonight and move on of a conservative majority of this kind of size and think about how do we negotiate a trade deal with any use, that will be the next phase. anna: it would give him the flexibility to go back on a couple of brexit pledges. he could ignore the brexiteers. yes, it

well it has been a seismic shake across the u.k. but perhaps we can see it coming away knew that there were many people in the labor heartlands who had said throughout this campaign and before that they didn't see jeremy corbin as a potential major and said that they weren't going to vote for him and that boris johnson to cut through particularly with his message the question now is what happens to the united kingdom to. boris johnson we can now assume he's going to get his breakfast do parliament and then the u.k. will leave the european union at the end of january next year however at what expense and there is a big possibility head now with what has happened because we haven't talked about it yet but scotland has very much voted for the scottish nationalists the right here is very key they voted for the big huge swing to was the scottish nationalist party up there and a nicolas sturgeon and the question now is could bracks it come at the expense of a breakup of the union so. there are a few letters for the break up there have to

is definitely good news for us because the u.k. market says it's great for us we love the u.k. cast so they love us no we have snow no we have cold no we have no great city police at the moment so it's looking good for the. sleigh rides with randy or. grilling marshmallows. and eating in an igloo these are some of the attractions of poor tourists here around christmas time and for the british as for other you citizens it's easy to get here without extra trouble formalities the finns hope that even after brags that their country will be attracted to british tourists one thing that could change. is the currency exchange and we've been offering a price guarantee which means that we will honor the exchange rate at the time of booking which seems to be encouraging people to book so the 10s hoped that even in future years some to close and his friends in lapland will continue to be a tourist attraction for many british tourists. we don't buy hearts which is. that everybody. very. very crisp says. christmas all year round it might seem like a dream for some and a nightmare for others

out of the year the u.k. rather out of the european union the labor party blamed bracks it for their crushing losses with some seats still to declare here's a snapshot of the results as we go to air. well as you can see here the conservatives have won in outright majority passion passing that crucial 326 seed threshold with some constituency still to declare the final results now this could be the biggest conservative victories since margaret thatcher in 1974 the labor party it's one of their worst nights ever they lost dozens of seats to the conservatives and jeremy corbyn says he will now step down before the next election let's talk more here in the studio where with our political expert for the u.k. alex forrest whiting good morning alex and in london we have our correspondent big mask good morning to you a baggage in london let's start there in the british capital can you give us a sense of how big this victory is for the conservatives. it's really a big shift it's a seismic shift here in the u.k. he bra

the u.k. will also suffer. the u.k. will almost certainly underperform the continent because of the uncertainty that will come into play increasing. people think it is clear that we get out, but we have no clue what the future trade will be and therefore, the investment in the u.k. will stay away until they get some clarity. the u.k. could underperform 0.25,nental europe by 0.5% of gdp. anna: the u.k. election very topical of course. boris johnson currently speaking on domestic radio in the u.k. and saying we need to stand up to the u.s. sometimes. that with all of the conversations about u.k.-u.s. trade deals, of course on top of u.k.-eu trade deals. we will bring you special coverage right here as soon as the polls close. don't miss the action kicking off at 10:00 p.m. tomorrow. 10:00 p.m., we will be able to talk about the election with exit polls and we will have coverage throughout the night for you. eye on what isan going on with the aramco ipo. we expect a price around nine or 10 minutes time. we will see the lar

in the u.k. but i think that a lot of that is very exaggerated i mean the fact that orchestras musicians won't be invited to the u.k. or the e.u. of the brakes it i think is a little bit premature i do think that since we already start from a position of corp why can't we def a corporate in the future and i just think that so long as we have this get price it done done quickly then we'll be able to know how to plan for the future jules gale british conductor based in berlin contributed to the spectator thanks so much for coming in. and thank you for joining us here for a news live from berlin i'm brian thomas for the entire 2 thanks. claim. to. describe as simply as it seeks. to understand the world better we need to take a closer. experience not. to. claim. more nuclear weapons in europe. here's a guesstimation this song. mutual trust between world powers this fast disappearing there's now an increasing risk that atomic weapons could be this deployment as currently talking germany or europe acqu

in terms of the u.k., there are analysts saying that u.k. could be the next to follow in the euro area path if the risk of no till brexit or the reality of no deal brexit is realized again. is that a material risk for the u.k.? in the sensetion that we are talking about long-term structural limits for growth and downside inflation risk. i'm not sure that applies to the u.k.. we have very weak growth forecasts for next year and the year after, and of course the treasury's own analysis shows brexit outcome does lower gdp compared to where it ought to be given the trend ahead of the referendum. u.k.,ms of inflation, the we have strong wage growth. we have inflation around target. the bank ofoks like england will have to keep it on hold rather than being able to lower rates even though we may be facing a subdued picture over the next couple of years. >> that is interesting. citigroup have a note out. they reckon gilt yields could declined to 0.2%, and they say the bank of england will be forced into right cutting, forced into q. week. qe.orced i

well in a nutshell the u.k. needs to decide is it going to stay very close the line to the european union which would be beneficial for lots of businesses here that export and import from from the e.u. which is a lot of manufacturing trade or are they going to divert in the media in a long time and that opens up to be done closely aligned to the u.s. but anyway the government needs to choose it's going to be either the e.u. all the us because there are davidson says between days too how is if you want and at the moment we don't know yet what the government is going to do and how closely they are deciding to stay aligned with the european union. all right there's a master force in london. santa claus lives in finland well lapland to be exact that's at least according to the finnish village of roe vs rover near me which laws on the arctic circle and does a brisk business in everything christmas british visitors are especially important for the town which leaves the question what happens after bragg's it. a one eve

news live from berlin u.k. conservatives are poised for a massive majority in parliament the 1st exit poll after thursday's general election signals the tories could have an 86 seat advantage of course fantastic news there for prime minister boris johnson and his pledge to go to get bread done but it's a crushing defeat for the labor party and jeremy corbett will have full analysis also coming up europe tells the u.s. to mind its own business over a controversial pipeline that will carry russian gas to germany the u.s. is threatening sanctions against companies building the pipeline. i'm calling aspen welcome to the program we start with special coverage of the u.k. general election and what is shaping up to be a landslide victory for the conservatives and exit polls suggesting a massive win for prime minister boris johnson's party one that would give him the majority that he needs to ratify his bret's a deal and take the u.k. out of the european union the poll released by british media shows a clear majority f

oute the u.k. balances relative to developed markets is that we have had no growth in business investments in three years, so you have to think there will be some catch up. anna: regarding -- guy: regarding the certainty around brexit, big majority, brexit -- boris johnson now has flexibility to do what he wants that he had took face in the early stages of his premiership. does boris johnson now tax back to the center or will the size of his majority allow him to deliver a softer brexit? elizabeth: it depends on what boris johnson wants to do. his majority allows him to go either way. at the bigger the majority, if it is confirmed as the polls suggest, the more he will be able to determine his own position. toimately his policy is negotiate a free-trade deal and implemented by the end of the year. he says we are not extending the he says we aref not extending the transition deal, that may be revisited over the last year, because having signed up for the deal, the u.k. is already paying a financial

we have seen u.k. assets responding to the news overnight to this crushing delivery -- victory delivered by boris johnson. furtherense of how much the u.k. assets could have to run. david: i do think there is some room on the upside for sterling assets. we have taken out two important tail risks for u.k. assets. one was a disorderly no deal brexit. uncertainty around whether there would be potentially a second referendum, that is off the agenda completely. thirdly, we have taken off the riskn risk, a meaningful that was being priced in things like banks and utilities and other sectors of the economy. investors are structurally underweight u.k. assets and therefore we will see inflow into u.k. assets going into next year. i think there will be some upside both on the equity side. i think gilt yields will move higher and it is good for fixed income investors. there is some room for credit spreads to go tighter in high-yield and investment-grade. gives theajority prime minister substantial flexibility in

u.k. lenders. welcome to daybreak europe. 6:00 a.m. and london, 7:00 in europe. there is room to run in the rally, the note from citi. palladium breaks $2000. the taiwan stock market at the highest level since 1990 and there may be a sustained u.s.-china trade truce and if that remains the base case an era -- scenario, we could grind higher. it depends if you are in the believer can't or the naysayers. which one are you in? nejra: exactly, continuing the conversation from yesterday. is it enough for the market? are we at peak optimism and what is the outlook for central banks and whether the prospect of continued support through 2020 will keep the risk assets high. when we come to the u.k., no deal risk a lot and well again. manus: boris and the hard brexit . you can literally taste it in the market. i want to bring your attention to the jgb market. we are kissing the zero line for the first in a month. that is important ahead of the bank of japan meeting. there is a bloomberg survey which

boris johnson has been returned as the u.k.'s prime minister he had to win and win big we'll tell you how the numbers are stacking up. jeremy corbyn the labor party leader has now announced he will not be standing again as party leader what happens to the labor party from here on in. and i'm astounded also coming up. the low turnout and protests down the algerians contested presidential election. and the rescue operation in new zealand as 6 bodies are recovered following monday's apart had a corruption. very much the morning after the night before here up and down the length and breadth of the u.k. this election results that boris johnson has defied most of the predictions for the labor party the main opposition party here in the u.k. you have to go back to 1935 to get a result that is this bad for the governing conservatives you only have to go back to the mid eighty's 198384 to get a result that is this good they are heading back to the house in days of having margaret thatcher number 10 they would say their house even days ho

the u.k. police force is trying to go green by switching to electric cars but the plans have had some obstacles as you saw he explains. imagine being a criminal in london and you have c.c.t.v. numberplate detectors police patrols and more to keep the peace if you need to escape the police it might not be the easiest thing to do but one thing might be working in criminals favor increasingly police forces are adopting the use of electric cars and that means they may not be able to keep up with. vehicles that are less damaging to the environment are struggling to cope with the arduous needs of emergency service autonomous driving and safety systems are not conducive to pursuit or response driving and even if the electric police cars could keep up they might not last very long because the batteries they use would soon run out plug in electric cars do not have adequate range and they take too long to charge up which is a significant challenge the motivation behind the deployment of these cars is de

so that there will don't be too many advantages for the u.k. if one wants to trade with them in a close relationship so lots to discuss leaders also discussed another issue for over 10 hours last night let's take a look. first suspense. and then a little disappointment journalists in brussels knew the result of the u.k. election means one thing that breaks it most likely will happen. but leaders focused on another topic that might fundamentally transform the e.u. in the years to come it was very interesting to see the lead us and or seeing and supporting. a complex european green deal we've been debating. being all the opportunity brings along that debate took almost 10 hours the result of all member states indorsed the goal of the e.u. becoming climate neutral by 2050 but one country did not commit to actually implementing that goal pole that. we agreed to the principle that poland can achieve climate neutrality at its own pace and she came out that. the reason for this exemption is that poland is heavily reliant on coal and fears the costs of

-u.k. trade deal. eu andst come after the u.k. negotiations. >> there have been talks going on already between british and u.s. officials. this question about what sort of trade deal was going to be struck was one of the big controversies in his campaign. was the nhs on the table for american companies to access? president trump tweeted just about an hour ago saying we have a huge trade deal in the pipeline. it will be bigger, better, and more lucrative than anything struck with the eu. we will have to wait and see. boris johnson argued 3.5 years ago in the campaign that we will be able to strike these great new trade deals. now it is time for him to deliver. what sort of terms is he able to negotiate with president trump, who we know does not give in easily on these questions. thoughly does start stocks. francine: david merritt with meat in westminster -- with me in westminster and garfield reynolds from our mliv team. a couple of people are starting to come out and actually speak. let's listen in. [applause] why this is such a w

the u.k. election, but the question this morning, as we sit here going into 2020 becomes is the absence of some bad news going to be enough for risk assets or do we actually need more good news to come along? manus: indeed. to the markets. there are the believers, the doubters, and there are a course those people that have yet to be convinced. the yuan is truly one of the believers. we come off that break point down to one of the biggest 1% ony drops moving by friday. what does it take to rerate you want even stronger? that would take a bigger -- yuan even stronger? sales,ial output, retail and fixed assets all helping the yuan strengthen. to the rest of the markets, the ecstasy, the agony. back to the reality. this is a doubting thomas of markets. the bond market doubts the veracity of this trade deal. you have double line capital adding to the 10 year bond position. down by .4% as the hedge funds -- before the trade deal so we are giving a little bit of the euphoria back and a little bit mor

there is fiscal space in the u.k. we think that will be watched closely going forward, after any deal is negotiated with the eu. anna: there is a concept called the overton window, which describes policies considered to be mainstream enough for conversation. before jeremy corbyn arrived on the scene in the u.k. as leader of the labour party, it would have been inconceivable that some of the things he talked about is possible. nationalization to such a degree, i am referring to. do you think there is a legacy of slightly more creative policymaking in the u.k., or with jeremy corbyn stepping aside, do we see an end to those conversations? mitul: i don't think we see an ned. -- an end. this is not just the u.k., it is the polarization of politics we have seen globally with a significant shift to the left and the right. it will be important to see who the new labour leader will be, whether he continues the policies of jeremy corbyn. labour party may have to take why they lost so significantly. i think it doesn't change a

and u.k. to reach a free trade agreement the use briggs negotiated michaud banja would direct the talks boris johnson says that he wants a u.k. trade deal with the e.u. boy the end of 2020 was some e.u. officials say that timetable is simply unrealistic and such an agreement could take years the timeframe ahead of us is very challenging. we will get to have to work as soon as possible we will be ready to get the most out of a short period of a level but for me it is important at this moment to say that the united kingdom yes will become a 3rd country but at the very end we will have an unprecedented partnership. it's been a while since leaders have been upbeat about the blocks relationship with the u.k. but the positive mood could be short lived if johnson asks for an extension to the trade negotiation talks could drag on for years taking up more time if johnson refuses an extension and fails to reach a trade deal by the end of 2020 it could lead to a no deal bragg's it an outcome that would b

we have 11 months until the deadline for a u.k.-u.k. trade -- u.k.-e.u. trade accord and that's why we see some of those trades capped. matt: we will pay attention to the currency moves. software, other companies after oracle missed estimates and watch anything trade related, including automakers, on the phase one deal with china. this is bloomberg. ♪ here, it all starts with a simple... hello! hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. ♪ francine: we are one minute from the open of cash equity trading. markets rally. while stocks hit record highs, bond yields and the pound jump. it is risk on as brexit and trade worries fade. bring on brexit. boris johnson it returns to downing street after a decisive win in the u.k. election. he says he can now deliver brexit and the

the u.k. is going to the polls today in what has been called the most important vote in a generation. this could solidify conservative boris johnson's pot as prime minister, paving the way for breaks it, or if the labor leader wins, send britain toward a new referendum. catherine norrison is outside a polling station in southern london. will come on this chilly day. what more can you tell us about what is happening with the vote? we are slightly limited what we are allowed to tell you because of u.k. law for broadcasters. a lot of the key issues we cannot really discuss in depth because the idea is that broadcasters are not allowed to influence the vote while polling stations are open. we are allowed i think to mention the fact that brexit is a major issue, something viewers will be well aware of, unless they have been living in a cave or not paying attention. the politics of the last three and a half years, that is one of the big deciding factors. we have been speaking to voters coming out of

u.k. trade deal because donald trump already tweeted this morning basically now the that the this paves the way for fantastic deal well i mean in terms of the you can the us they're not. bound in the same way the u.s. the u.k. and the you are by time provisions but it doesn't change the fact that negotiating trade deals take a long long time and while it's easy to send out a tweet saying we were do a deal the reality of her trying to go see actions work on the complexities of the various issues around i agree products standards all those differences between products and services and goods between for example the u.s. the e.u. that could take years and there could be serious disagreement over it so of course they're not bound by the time but still it takes time but so one can only advise investors and everybody to celebrate. while it's time to celebrate because difficult times yet ahead of us all and thank you so much. well of course the british car industry will be one that's keeping a par

so it's a big day for the u.k. an election that few people actually want is what has the turnout been so far do we know. well i witnessed very long lines this morning in london and this is what observers have been reporting from all over london at least. so far has been unprecedented and i asked people why they came to vote and they said well because it matters because this election the outcome of this election will really shape this country for decades to come and of course they mean the topic of this is what drives voters to the polls you have 2 men who are very 2 very different. very different visions for the country and promising again and again to deliver a very simple message let's get that done that was his campaign that was what it was all about and on the other hand a little more complicated message. on the issue so there is not a lot of excitement about this election this is what i gathered at the polling stations today people want to make their voices heard on the issue. of polling stations this election

the u.k.. dax futures are down 0.2 percent. ftse futures are up a little bit. that could all change. there's a lot of news at the open this morning. stay tuned for that. a year after a rare bullish: oil, saudi arabia is not counting on much of an uplift from crude prices in 2020. the world's biggest oil exporter has designed next year's budget under the assumption that brent crude will average $65 a barrel, close to current levels. joining us now from our amsterdam euro is the senior energy economist at abm amro. unchanged does not sound so that in a world where everybody is concerned that the economy is teetering on a recession. do you share that view? say i don't fully agree. we are a little bit more bearish to be quite honest. especially after last week's opec meeting, i think that agnal was rather mixed and little bit disappointing, actually. saudi'sderstand why the think it should be 50 -- it should be 65, but i have my doubts whether we see that. anna: good morning to you. let me ask you

what's really at stake here the unity of the u.k. and even peace. well you know what's at stake are these facing a very distant night at kingdom and that's what the election results showed yesterday for example the scottish national party made huge gains there calling for and other independence referendum to then as an independent nation state and remain in the european union so these are just some of the challenges that boris johnson will face and has 5 years and office now he really needs to reach out to all kinds of different people across the aisle of the brics that divides. thank you so much. the u.s. house judiciary committee has approved impeachment articles against president donald trump charging him with abuse of power and obstructing congress committee voted along party lines with democrats voting in favor and republicans against the house of representatives is now expected to vote next week on whether to read ph the president on the 2 charges the 1st abuse of power is based on trump's alleged attempt to pressure ukraine to investigate mr

u.k. prime minister boris johnson forced onto the defensive as the debate turns its attention to the national health service. manus: a very good morning to you. definedl about the jgb the gravitational pull to the downside. waiting on at zero, the option results to come through. much biggera question about the stock of negative debt. will that diminish 20. good morning. nejra: good morning. that is a great question. it seems to be driven about what is going on globally. the prospect on the optimism of some sort of resolution to china trade. something the move to the upside is going to be limited because where we are now is going to pull the japanese buyers back into the market. manus: absolutely. let's look at the jgb performance. you have the 234 billion dollars stimulus coming into the market from the japanese government. level way growth above what the market had anticipated. for the firstero time since march. blackrock. i like a bit of dr. copper. you know what i saw? i can't tie that

there is no escaping u.k. politics at the moment, but how do you see the outcome of the election if we do get that strong conservative win as currently projected? do you see that reshaping the boe in terms of personnel, but also in terms of strategy? outlook for bank of england policy in 2020 shifts from dovish, as was priced in, to neutral going into next year. the bank can afford to potentially factor in some fiscal impetus, as well as some confidence inment the investment cycle. that will add some impetus. that seems to be for me the reason why some of the jobs in the committee are looking for therance -- and doves on committee are looking for some insurance. i think this is a different world to 2017, 2018, where u.k. assets or even the pound was underpinned by the tailwinds of the hiking cycle. we are talking more than just one or two rate hikes. we are just nowhere near that world. the data does not warrant that. a neutral policy adds limited impetus to cable for a medium-term perspective. anna: we talk a

so the u.k. economy has been stronger than expected, and the fact that investors would see a eight government plus at -- plus a quickly implemented deal would rapidly bring investment into the u.k.. you know the value of a strong government or the pitfalls of week one. i believe pedro sanchez is going to meet with king fleabag -- king felipe on the difficult is -- difficulties he is having forming a government. spain's economy going to take some hits? and how do you feel about the strength of the nation? it is very concerning to 2020, the spanish government will have to cut at least 10 billion euros. that is nowhere to be found in the negotiations to form a coalition or to reach an agreement for the approval of a new government. that is quite a concern. thater cause of concern is while we are seeing data bottom down, the data in spain is weakening. so the biggest risk for the spanish economy is that the government falls into the thelacency of believing economy will grow above the euro zone averag

talk u.k. politics. the conservative party on course to win a majority, which would mean parliament voting to leave the eu by january 31. but pollsters have been wrong before. the senior mosi asset strategist at state street is still with us. we spoke with ben page suggesting that the conservative party does still have this fairly solid lead in the polls. you look at the financial markets around this, seeing the pound rallying once again, up another 0.2%. you think that sterling is overvalued? guest: it is not overvalued, but it is fairly valued. it is very interesting. we have spent the last almost three years talking about how cheap sterling as. not anymore. is --he market has done it is removing this no deal uncertainty. what i find very interesting is the possibility of a future relationship with europe and america is wide open for the rest of the world. it would not take a lot for the market to start pricing in what should happen next. whatthe question will be, if this opens up again? that will have

in wales throughout the u.k. is going to crumble and these are places that have never ever ever voted anything but labor largely that soup in elected meanwhile the conservative party is attracting some of those voters and some of the brits not as many as i'd like but the concept people are voting with the concept is hate the conservatives in other words all of these things are thrown up the liberal democrats or jokingly referred to as people who are no longer liberal and certainly not democratic as they're trying to stop the referendum lettering mean that the traditional base is no longer exist in a straight forward way very very briefly broke the party you're not going to get the voters one particular sector of the voting public in this country that you need and that's the soft labor vote who would me peace with or they would probably go for boris johnson surely because he's cherry picked bits of what michael farr as your boss is all about he's never been my boss but kerry on the the truth is we are not getting

and with the u.k. looking to leave the european union by the end of next january moods are strengthening north of the border. or more we're now joined live by former leader of the u.k. independence party partner tart now considering the scottish people overwhelmingly voted to back the s.n.p. in the recent election because boris johnson really have the right to stand in the way of another independence vote yes because he is the prime minister of the united kingdom scotland the past all but you know it's a kingdom interest me you know we had a referendum to 14 scottish independence nicholas sturgeon at the time told the streets of once in a lifetime vote once in a generation i would argue 5 years isn't a generation or a lifetime so all i want to put into context the victory for the s.n.p. the s.n.p. have more seats in the house of commons in 2015 than it does now we have 56 in 201548 in 2019 in fact they have all the bullshit went down in this election in comparison to the 2017 election well as you say i

the results really represent a redrawing of the political map in the u.k. you see the conservatives here with a huge majority a far exceeding the 326 seats needed to become the biggest party and as we said huge losses for labor especially in the north of england and wales and they are the main opposition party the scottish nationalist party saw consider a considerable games in the welsh nationalists added 3 seats as well while the election results defied expectations for the main parties while the conservatives did far better than expected the opposition labor and the liberal democrats sought their hopes dashed labour's leader is now on his way out and the lib dems leader has already gone failing even to win her own seat. for the man who called it this election was an all or nothing gamble do or die in the end narratives gave way to relief as he and his conservatives looked on course for a historic night. the unlikeliest rock star welcome to the far story of the result. that paid off thank god with this mandate and this majority we will at last be able to d

citizens in the u.k. i'm pretty citizens in europe and the clock continues to tick down with another new deadline johnson has insisted the u.k. will not negotiate anything with the e.u. after the end of 2020 and if there's no trade deal by then which looks impossibly unlikely then the infamous no deal bricks which nobody wants comes right back into play so it's never been tried before to try to make a trade deal that actually makes 2 nations or 2 regions further apart in terms of trade is trying to do the easiest way probably of making a trade deal within this 11 month period the boss johnson said himself is actually to remain really aligned to rules and to remain a sort of rule take for the. ruled out in the campaign but it may be the only way to get a trade deal over the line is to have suddenly a lot like the sort of breaks in the labor's talking about during this campaign rather than the sort of. johnson's been talking about since 2006 i made my statement and. as well as all that the scottish governme

police stations have just closed their doors in the u.k.'s general election prime minister boris johnson is hoping to secure a majority in parliament in order to push through his briggs's deal let's find out what's happened let's go live to london r.t. correspondent saskia taylor is there we're getting the exit polls give us a pretty good idea what the result is going to be working you tell us. well this has been billed as the election of a generation and today's scenes up and down the country would seem to support all over the u.k. people have been queuing for hour was some of them waited almost up to 45 minutes just to get into the station and cost and this was in the rain in the cold and the wind as well and the fast prime ministerial hopeful got snapped this morning to cost him his vote was conservative leader boris johnson and he was costing his ballot in the central london and washington he got a good luck kiss from his dog dillon and as you said polling stations have now closed and the vote count is under way the 1st results are comin

more shakyooks limited on the day after the u.k. election 10 days ago. u.k. equity assets have held up better. today we are up .5%. the dax trading softer, the cac 40 up .2%. in terms of the way we break range.down, very tight that goes with this idea there is not a lot happening and a lot of desks are not that well staffed. in terms of the sector rotation, there is little bit of action. oil and gas outperforming. that is one of the reasons the london market is doing better than most. at the bottom end of the market, it is those banks, down .8%. not the greatest for european banks. they have done 8% over last year. the market from the stoxx 600 point of view over 20%. stocks underperforming today as they have throughout the year. in the united states, light volume. not quite as bad in europe. the dow has been boosted by boeing. the ousting of dennis muilenburg seems to have given that stock lift. the s&p up .2%. through 420g tesla today. a big line in the sand. the global themes we continue to watch out of this year into next -- that is on a one month basis,

stress test shows the u.k. banking system would be resilient to an unprecedented combination of simultaneous recessions in the u k and global economies that are more severe than those during the global financial crisis, large falls in asset prices, and a separate stress of misconduct costs. in theen major banks test can not only withstand extreme shocks but meet the demand for credit from u.k. households and businesses. ratios are three times higher than they were at the start of the global financial crisis. after stress capital ratios would be more than twice precrisis levels. the bank's resilience in the test relies on their ability to cut dividends, reduce employment -- if banks had not cut such distributions during the stress they would not have an aggregate met the 2019 approval rate. demonstrates the flexibility of the system but underscores that investors should be aware the banks would make such cuts as necessary if they stress were to materialize. turning to brexit, the amp ec will provide a high level

the u.k. election. guy, your outside with the lovely febrile room of st. paul in the background -- lovely cathedral dome of st. paul in the background. narrowingthe gap between boris johnson and competing parties such as labour. guy: exactly. the big news over nice was that the latest poll basically cut boris johnson's lead in half to where it was only a few weeks ago. that really is the big story we are watching now. does this continue into the election? there's been a lot of talk about the fact that a hung parliament cannot be taken off the table. we are going to find out tomorrow at 10 a clock p.m. london time, when the first exit poll is going to come out. basically, counting ourselves into the election, polls are going to open. the u.k. is going to vote all day in probably one of the biggest and most significant elections we had for quite some time. as you've indicated, outside the weather is not that clever. what is turnout going to be like? let's take a look at where sterling is and wha

it will be seeing how the u.k. economy and brexit evolves, also how it evolves in the context of a global economy. we think it will be more gloomy next year. nejra: the bank of england stood pat. we got to dissenters voting for a rate cut. in 2020ooking at a boe that skews towards an easing bias? guy: it will be the first central bank to have to ease in 2020. they will be dealing not only with a weaker global economy but also with the fact that they are a little bit behind the curve relative to other central banks, given they have had brexit uncertainty. finally, they have the immediate brexit challenge. we will see how that goes. the near-term impact will probably be a bit of a drag on the do -- u.k. economy. nejra: we've had the uncertainty over brexit for three years. arguably, some of that has dissipated now that we know that we are going to exit the eu on january 31 if all goes well for boris johnson. he has an 80 seat majority. yes, there is still the trade agreement to be worked out. surely some of the uncer

and the u.k. to try and sort out a free trade deal what we are expecting here in brussels today a little bit later is an announcement a statement for me is that we're talking about results the u.k. elections and we're expecting them to announce the michel barnier the use main breaks in negotiating will be the person who continue to be the person in charge of negotiations at least from the e.u. side they want to make it very clear as well to britain and the e.u. will not negotiate several deals or one deal between the e.u. and the u.k. they won't be any deals between individual member states and united kingdom. natasha thank you for that for now that isn't option but with the latest live in brussels we are going to move on to other news from now in a summit between india and japan's leader has been postponed following violent protests in the northeastern states of india at least 2 people have been killed as protests escalated against a nor the citizenship amendment nor where some believe their ethn

interesting to see the u.k. banks in the losers list including lloyd's and the royal bank of scotland. and some irish banks also operate in the u.k. are down. discuss the european market moves with a look at what could go wrong. mike bell joins us from j.p. morgan. we were reading through your notes and we thought you sounded a little gloomy with regards to your outlook of 2020 even though we have gotten all of this seemingly decisive news out of the british election and u.s. trade with canada, mexico, and china. what is your outlook? has: i think the market already priced in a lot of good news. on the back of expectations that we will see a turnaround in global manufacturing and a browns in the pmi -- and a bounce in the pmi surveys. and we will get the trade deal which now it does look likely and some resolution on brexit. which may or may not be the case now given the news we have gotten this morning. i think the valuations well constrained the upside from here -- will constrain the upside from here. we need

u.k. time. let's get to bloomberg first word news. today, the u.k. goes to the polls. it is the nation's first election in over a decade and the first since the brexit vote. it is the first december vote in nearly a century. polls close it 10:00 p.m. u.k. time. the house judiciary committee is set to conclude a debate on articles of impeachment against trump. the likely result is a partyline vote that will send the measure to the floor of the house. the democratic majority is expected to beat back a number of republican amendments. israel is headed for its third election in less than a year. the parliament has until midnight to find a lawmaker who could form a governing coalition. this after benjamin netanyahu ad -- failed to form government. the u.s. sees troubling implications north korea may be pulling for a major publication. -- usingkim jong un on long-range missile technology. withned to attack the u.s. nuclear weapons. a potential -- king phillipe has asked prime minister to try and form

is deja vu news live from berlin boris johnson's conservatives winning an outright majority in the u.k. election. with this mandate and this majority will at last good will to do all. of that. but just johnson celebrating at party headquarters before heading to number 10 downing street to prepare to push his plans for breakfast through the british parliament will have full analysis and look at what this means for the u.k. . and european union leaders or course processing the massive conservatory they're planning their own way forward a brussels song that's baxley european commission president's green deal get pledges to make the e.u. carbon neutral in the coming decades. and we'll get a firsthand account of life in china's internment camp for as we go are we were minority inmates there are punished for speaking their own language or subject to abuse and daily knowing. i brought thomas great to have you with us britain's conservatives have won an overall majority in the country's general election decisively ending 3 and a half years of complete political gridlock prime minister boris jo

a lot of optimism in the u.k. thet the gun's -- about certainty to the brexit path it least the short term. fx -- the euro is stronger and not just the pound. the strength anticipated in the u.k. economy. the pound is up by 0.4%. the euro up by 0.2%. will that lead to gains from exporters from the continent? markets are opening to the upside kind of in defiance of what we saw in the asian session. prettyrall reading is positive. given the fact also that we do not have a signing day or any details about the phase one trade deal just yet. euro stocks up. the french market is up by 0.5 percent. in the netherlands market up by 0.6%. it does seem like a day where the sector picture is not very nuanced. financials entirely in the green. utilities also. we saw quite a bounce in utility stocks on friday. the jeremy corbyn risk being reduced from markets. health care also going higher. where we don't just see cyclical moves in stocks. we saw some of the more defensive stocks going higher. this rising tide leaving -- liftin

we discussed the u.k. general election next with heather conley from the center for strategic and international. this is bloomberg. ♪ this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. bloomberg first word news. president trump, a setback on his effort to build a wall on the u.s. border with mexico. a federal judge in oakland, california, has barred the president from using military construction funds to build the wall. the judge ruled he illegally circumvented congress. the united nations secretary-general antonio guterres said today that the world "will pay an unbearable price if nothing is done in the next 12 months for the climate emergency

they do not want to be undercut by a u.k. that leaves the european union and plays by different rules. they do not want to be undercut by trade and taxes, and they think that is perhaps the way boris johnson is going to go. secondly, the timeline going forward, this is a massive trade deal. the idea that we could get this done in a year, the europeans feel that is not entirely optimistic, and they do feel there is a question as to whether or not they will need a extension for this. jonathan: maria tadeo out of brussels and at downing street, special thanks to nejra cehic as well. joining us is ellen wager from from.k. -- is alan wager the u.k. in a changing europe, alongside trevor greetham. we need to try to get a little the u.k.arity on what wants. alan: -- hugegot a manifesto, but a amount of political capital now. people in this party are saying he could just forget about the manifest of commitment nasty manifesto commitment when it gets to june, say -- get about the manifesto commitment when it gets to june. that would g