A few hours to go. We are lower by 2 10 of a percent. Are among and macys some of the worst performers. Home entertainment is down 2. 2 . Makers are lower today on a report that Software Sales yearoveryear are also down 12 . A warning forf them. Cocacola is a bright spot. 2. 25 . E up we have we taken the 29 level. Stocks and europe are briefly flat. On the u. S. Bouncing brokered ceasefire. Brexit is likely to dominate the agenda over the next 24 to 48 hours areas Boris Johnson is try to drum up support over his brexit deal ahead of the vote on saturday. Earlier today, Emmanuel Macron ruled out an extension if worst johnson loses the vote. I do not think we shall grant any further delay. Believe it is time to put an end to the negotiations and work on the future relationship and put an end to what is currently ongoing. We are joined now on the phone by a bloomberg correspondent. Do you think the words of the french president will have any outcome affect on the outcome this weekend . No i dont think so. There are people looking for an excuse to support the deal and they might as it provides cover supportr to say i wont the deal. Here is somebody saying no deal will happen. Think many people want to believe that the eu will be the side this is no to britain if britain asks for an extension. Im not sure that makes a difference now. To the question of an extension, lets look at the math. The 10 mps will not vote. If the will vote for the dup on the tory side . If you asked the mps a few days ago whether they would stand with the dup you would have had 28 saying yes. A lot ofdup is finding the mps are not as solid supporters as they thought they were. It is not clear whether any of the tories are going to support them which must be quite lonely. The big news this afternoon is that tomorrow afternoon, we may johnsonset to boris meaningful vote on this deal. Please explain. Likes an amendment has been down by former tory minister. We understand its going to get the support of the labour party. The effect of the amendment would be to Save Parliament is not going to make a decision on your deal until you pass the legislation. Passed amendment is because of the way parliamentary procedure works, we never get to vote on Boris Johnsons deal. On thetraight to voting motion as amended. Johnson isnt, effectively obliged to seek an extension. Thats fascinating. If we get to that point the whole thing becomes moot again publicl calls to go back start being heard more loudly again . What some definitely of the people backing this want to happen. One possibility is that johnson since in his letter seeking an extension then says we can still get this done. You have to remember that the people opposing johnson have different motives. Some are just worried hes going to seek a no deal brexit. Others dont want brexit to happen at all. They can agree they dont want a no deal brexit to happen but when you get to what happens next, they rapidly split into different groups. Although some of the people behind this some of them want to make sure Boris Johnson gets the deal through parliament. It looks like were in for quite the weekend or maybe not. Thank you indeed. Of the be covering all events over the weekend. Saturday we will have live coverage as the situation unfolds in parliament. Saturday night we will have special coverage. We will be delivering a onehour special that will begin when the new Zealand Market opens and we will see sterling at 2 00 p. M. Eastern time 7 00 p. M. Here in london. For more on this we are joined by an Investment Management cio. I think that investors should recognize that the real challenge is december 2020 and not what happens in the last end of 2019. Nothing actually happens in terms of the future relations with europe. If Boris Johnson gets the deal through. We still have to get a Free Trade Agreement and a relationship with europe sorted by december 2020. If not then the realities begin to multiply. People will make decisions on what they are going to do with u. K. Assets. They look cheap . Do the stocks look cheap right now . And conventional terms, assets look extraordinarily cheap. The Free Cash Flow yield detached from global averages and the longterm norms relative bond yields. I would say there are two anomalies. Are antial house prices heavy multiple of average earnings. That is ultimately bad news for the u. K. Economy. Also Government Bond yields are still way too low. Would we go until we know whats happening . My expectation is that the british economy will begin to improve the we have the inflation this week, the headline Inflation Numbers remain low. Servicet Domestic Center of inflation is now running at three percentage points. I expect the bank of england will be trying to move rates up over the next year for somewhere between six months and a year. In due course, bond yields will begin to move higher. Do you load up the book . Boat . I am loading up the boat with good quality Global Equities area if i were looking at the u. K. , i would say you could have a barbell between worldclass Companies Just happen to be in the u. K. Like unilever. Some of real value and the house builders. We have a structural shortage of housing we have extravagant pricing and i would suspect many entities believe we are going to have to build more houses. That feeds into the issue of what will any government do to try to revive the fortunes of the u. K. And i think we will see Infrastructure Spending and Infrastructure Spending will include roads and that will be helpful for the housing market. Do get a deal done with the eu between the u. K. And the theare there areas within European Space that look more attractive . Export a lot of cars into the u. K. I would say that is a small issue relative to china. Banks now look extraordinarily cheap if you take a more optimistic view of the outlook for the euro zone economy. I do believe it is appropriate to look like look at companies because in terms of pricetobook value and cash flow, they discount so much bad news. Next but they have done so for ages. I think Metta Lagarde will push on. It will lead to more direct of theg and a relaxation rules. That can lead to some economic recovery. The banks are only pricing bad news. Usage are potentially on hold when i itself that you are happy enough with europe. Where else are you buying . I would say in a global the u. S. Context, still merits real consideration. I look at worldclass companies in the u. S. I believe we will finish the Third Quarter with a positive net earnings order number for the s p 500. Have gone in overly pessimistic and they will be surprised when all is told. We have had strong reactions of stocks this week. Look at the Department Stores today. Would there be anything you would want to stay away from even in spite of many economists telling us the consumer is holding up . Ask i would say we should anticipate that the overall Growth Profile of the u. S. Economy is going to remain instead of regarding 2 i would say that 2 is the new normal and we should not be expecting that inn excess of 2020. Against that backdrop, i think analysts and aggregates are overly optimistic of corporate earnings prospects for next year. I am penciling in 5 growth. That to me says stick to highquality sustainable secular growth stories. Dont go for the cyclicals. Said, i think there will come a time in the next 12 months where cyclicals merit consideration. Names on my watchlist like [indiscernible] thank you. Lets get a check on global markets. We are looking at small to modest declines for the equity indexes. Look at the s p 500 here in the u. S. Down slightly. More,sdaq is down a bit half of a percent. The tech sector is the worst for the s p 500. The s p is on track for a weekly gain. Is not because of the losers in the software space. Very modest losses here in the u. S. And in europe where we have a bigger gain is in turkey. Look at the turkey etf up 2 after a 4 gain yesterday on the ceasefire headlines. This has confirmed this etf for continued gains within a range. It looks like the bulls are in charge there. Look at the cac 40 in paris. It is down. The Automobile Company down 12 . On its space for its worst day in record going back to 1994. Investors are not liking the profit warning. However, in the u. S. It feels like it has been volatile and choppy over the last few months. On the year, we are still looking at a good gain. Here are the biggest gains we the s p is up, more than 20 on the year on pace for a very strong year. Best overh or eighth the last 30 years year to date at this point for october 17. You have to believe after last years volatile fourthquarter that managers are just having to lock in this big game to the s p 500. Absolutely if they have been in the right sectors. You can find all of the fantastic charts used here on bloomberg on gtv. It allows you to browse all of these charts featured on bloomberg tv. You can also save them for future reference. This is bloomberg. Closes is the european bloomberg markets. It lets get to first word news. Johnson is trying to convince skeptical members of parliament to vote for his brexit plan tomorrow. If the deal fails, the u. K. Could leave the eu without a deal or it would have to delay for a third time. Conservatives party does not have the majority also have to sell politicians on the agreement. Turkeys president erdogan the says he will not forget the letter he received from president trump. It warned him not to be a fool, a tough guy or a double referring to the offensive in syria. He thousand he will make a response and said the letter was out of line with diplomatic courtesies. The u. S. Is trying to reassure israel that the relationship between the two nations remains as strong as ever. Mike pompeo met with Benjamin Netanyahu in jerusalem. Some have expressed fear that president trumps desire to get out of what he calls stupid endless wars in the middle east makes him an unreliable ally. Mexicos president said he backs a decision by security chiefs to free Joaquin El Chapo guzman on. Security forces captured a video of him thursday during a patrol. Hundreds of Cartel Members carried out a series of attacks area his sons are thought to have played a key role in the cartel since their father was extradited in 2017 to the u. S. He is now serving a life sentence. Level news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Thank you very much indeed. Is santa going to show up . Is santa going to have a rally this year as he did last year . Would you be long or short going into yearend . Ask i spent most of this year anticipating the u. S. Treasury and Federal Reserve would corner liquidity from the market and the absence of liquidity would drive markets lower. We didnt see it in april or may. I think the stock market has further to rally in the shortterm. I do equally believe that when analysts begin to focus more on 2020, they will recognize they are overly optimistic and cut back in numbers going into the Fourth Quarter season. I think we will be a difficult. Session difficult time. I expect us to go upwards then downwards before the end of the year. Think one has to become selective in the equities we are buying. Below the surface we are going to see a very high return for active investors. Prepare to focus on the quality of companies. If the average Earnings Growth next year is only 5 not 10 as in line with the street estimate, the companies with Balance Sheets are going to find it difficult. I therefore think you need to be very focused on quality and not real growth. Adobe is a company i think is very high quality. When a look at the forward growth attention, i see the scope for upside. I want to update viewers on headlines. A german lighting group, apparently it is an constructive amf for a new offer. Bain and advent will not pursue an offer further. To private Equity Companies will not pursue ostrom. Ostrom. Up as much as 3 in frankfurt. Us to asia and china. We had a whole new set of have beenat we discussing whether they will or will not take effect in december. Curious about what your concerns are for the China Economy and how that might bleed into western european economies and affect your holdings. I see the main challenge for china being the domestic economy. I look at the Credit Trends and the domestic Industrial Production trends and i see nothing but bad news. I am expecting continued relative disappointment. It chinas import numbers, i think it will try to take prices lower in order to begin exports. Will see continued exported deflation in contrast to high domestic inflation in developed economies. That to me says that we should expect some weakness of the rmb not a great deal because of course china has borrowed money in u. S. Dollars that will raise the price of debt service for those depositions. How is ccla imagine its investment from a currency perspective given the position you hold on economies and have geopolitical events will turn out . Icy chute uncertainty in terms of currencies and i see not normal outcomes in terms of shortterm currency movements. We are hedged for the pound against the dollar or the pound thenst the euro meaning amplitude of movements that come from movements in the dollar relative to the pound or the euro are half relative to the market overall and this simply reflects the significant uncertainties. A pound can rally in the event there is a brexit deal. It could fall as there is no deal. Equally, the euro is a currency the faces real political challenges. James, a pleasure to have you here this afternoon. The situation is changing right in front of our eyes. We will have more in a moment. This is bloomberg. The british political scene is developing at a pace this afternoon. We are absolutely flat but it now looks increasingly likely that Boris Johnson will not be able to get a vote on his deal this weekend. An amendment may preclude that. He may have to seek an extension. Will he do that . The european closes next. This is bloomberg. From the couldnt be prouders to the wait did we just winners. Everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Call, click, or visit a store today. Guy stops finishing the day in europe. 30 seconds to go until the end of regular trading. A very quiet session. France feeling today as a result of stops as a result of stocks. Elsewhere in europe a very flat session. The cable rates, the british pound and the u. S. Dollar up 1. 64 percent over the last five days. Trading 1. 2876. Confusion is growing as to whether or not we will see a boost to this weekend. A former senior tory within the Previous Administration has tabled an amendment which will effectively delay votes on Boris Johnsons deal until all of the legislation has been put in place. It may not happen this weekend, the vote we have all been anticipating. It does not mean the vote will go through were not go through, it just means it will be delayed for now. What the significance of that is is that that will then force the act into place that will force Boris Johnson to seek an extension. Who knows what will happen. The speaker of the house will select the amendment tomorrow morning. Whether that was amongst it, we will see. The ftse 100 down. 3 . Dax flat. Cac 40 down. 6 because of a couple piece stocks. Lets take a look at the grr function and show you what is happening from a sector point of view. Basic resources bouncing back. The miners have had a slightly better day. Insurance sectors trending higher as have telecoms. Bottom of the market, we have seen weaknesses in a couple of key stops. A couple of key stocks. The auto sector is the biggest loser, down 1. 48 . Food and beverages down stopper down sharply. Travel and leisure down. 7 . Lets take a look at individual names to get an idea of what is going on. Renaud down 11. 5 . Intercontinental hotels, another of these big Hotel Operators warning of weakness coming out of asia. We are also seeing that in some of the luxury goods stocks. Ih g down for. 15 . That is it. We are wrapped up for the week in down 4. 15 . We are wrapped up for the week in europe. Sunday night will be a big event for the first sterling trade. Vonnie part to say what will happen over the weekend. Investors on this side of the pond are looking at individual names. We are not really going anywhere on the s p 500 for the week. It is 29. 93. Could push above 3000, but it is indications for todays trade are staying the same for the rest of the day. We will not do that. We are down more than. 1 . Going to wear in yields, either. The dollar index slightly weaker , but obviously the dollar is at the mercy of other currencies right now, including sterling and the euro, which is having a better time than sterling. Barrelil close to 54 a even after that massive 9 billion plus bill we saw. Cocacola is one of the better performers, up 2. 6 . Better International Sales having a impact. Home entertainment sales down on softer yearoveryear number. Down 12 on some of those games. The Department Stores, a massive downgrade on Credit Suisse on brands including l brands and cap. And gap. Financials were up a few percentage points. Regionals coming in with better than forecast earnings today as well. Guy we are just getting comments from a speech be delivered in boston, fed vice chair Richard Clarida talking about the u. S. Economy. You can see him speaking and giving some of those comments. The u. S. Economy is in a good risk. But faces evident richard clarinet also indicating the fed will act as appropriate to sustain the expansion. We are trying to understand whether or not the fed will deliver the two cuts the market has priced in between now and year end. The dollar, vonnie referencing the dollar a moment ago. The dollar currently trading at session lows. We will continue to watch what Richard Clarida has to say and figure it out whether or not it will be market moving. Andill shift gears to china talk about what is happening in the macro picture. Thirdquarter data came through earlier on today and showed the fed fund was slowing. Gdp rising at the slowest pace since the early 1990s. It came through at 6 . For more, we are joined by Bloomberg Economics chief economist joins us live from washington. Tom, it could have been worse. Is that the assessment . Tom it could certainly have been worse. A drop below 6 was only by a surprise in the outcome numbers we think there is were still to come. The trade war perhaps well get a tentative trues, but the big war is not over yet. China stimulus remains missing in action. We did not drop below six in the Third Quarter. We think we will probably drop below sixth and the fourth. That is what it will be in 2020. Vonnie is it fair to compare this 6 gdp growth with the gdp growth in the 1980s . Tom the critical difference is that in the 1980s and the 1990s there were some extremely tough moments but china was on the way up. China was on the way up. So much room to grow. Such a young population ready to enter the global labor markets, and export sector ready to boom. 2019, china not down and out but clearly growth on the way down. That is what it is troubling and depressing about the 6 reading. It is the idea this is not the end of the slow down, it is very much a staging post as Growth Continues to attend drown to trend down toward mid single digits. Guy should we expect more stimulus off the back of this number . Tom in many ways the puzzling thing about 2019 has not been the trade war, we knew that was going to be there. The puzzling thing for china was where is the stimulus . In past downturns there was a despise of response from the a decisive response from the government. A big increase in Infrastructure Spending and that got growth back to where the market wanted to be. 2019, that has not been there. There is a good reason for that. China is paying the price for past excesses on blending, past excesses on investment. That means the stimulus space is not a sample as it used to be. We do not think that is going to change. That is one of the reason we expect growth to continue trending down from here. Is this trade war weakness or would we have been anticipating the slow down either way . Tom it is a confluence of events. The trade war is negative. Exports to the u. S. Are suffering. There is a blow to confidence which is hitting investment in the manufacturing sector. At the same time, there are larger structural trends at work. Chinas working age population is shrinking. The easy gains from massive capital spending, all of the infrastructure building have been used up. Even if we took the trade war out of the equation, i think the expectation would still be a gradual slow down in chinas growth. Lets talk about this chart now. The perimeter of the chinese economy is so much greater than it was before. When you are small, you can grow at a fast rate. Bigger,erimeter becomes at what size of economy do we expect 5 to be a reasonable growth rate . How does this work in terms of your models . Expectation is there is a continued, managed, and gradual slow down and 5 is a mid2020 story. We think we are at 6 now. We will gradually get down to 5 , maybe a touch below in 2024, 2025. That in an escalating trade war, and with limited policy space, and as you suggest, with more difficulty for bigger economies finding new sources of demand, that slowing down happens in a more unexpected way. Guy we will leave it there. Thank you very much for your update. Bloomberg economics chief economist. Vonnie the lira strengthening, up. 75 versus the u. S. Dollar. President erdogan denying clashes were taking place between turkish troops and Kurdish Forces in Northern Syria, a day after a u. S. Brokered pause was agreed upon. Isombergs bill faries joining us from washington. Who do we believe . Bill there have been a number of reports of scattered fighting taking place. What you it what u. S. Officials are saying it is winding down and they do not expected to continue at they expect the ceasefire to hold for the five day period it was established for. The bigger question may be what happens after tuesday, if there are kurdish fighters still remaining in the socalled safe zone in Northern Syria and whether hostilities resume, and how the u. S. Reacts to that if it does. Is turkey going to be satisfied with the buffer it has now created for itself . How does the situation evolved . Caused by concern forces across the border in syria have been shelling turkish villages and towns. Is it just a permanent situation, and is that something you think the u. S. Will accept . I think it will be a very tenuous situation. Turkey got what it has long wanted, what it has long wanted in the region, which is a 20 mile buffer zone. They do not want to go much further into syria but they want to hold this trip, and perhaps send refugees who fled into turkey, they would like to send them back into Northern Syria to help repopulate some of that area and take them out of the borders of turkey. Run, woulde longer like to have that be more of a semipermanent situation. Syria and its allies in russia are going to be arguing and perhaps fighting to have that territory returned to syria. Vonnie i was just going to move to russia and ask you how much leverage does this give russia in the coming months to establish a bigger presence . Bill quite a bit of leverage. Since they intervened in the war in 2015 on the side of syria they have long had a presence. They also have a very Good Relationship with turkey. They sold turkey Missile Defense systems even though turkey is a nato member. It leaves russia in a strong position, able to negotiate well with both sides and give them a stronger footprint in the middle east they have long soft. They have long sought. Guy how is this playing in washington . What is the perception of how this will change the landscape, in terms of how congress deals with the situation . How easy is it to understand u. S. Policy right now Given Congress and the president seem to be on different pages . Bill you are right, they are on different pages. The president s move to start pulling troops out surprised everybody in washington. It was republicans who were protesting the loudest. We saw a divided reaction to the deal yesterday. Senator lindsey graham, a close confidant of the president , he offered wards he offered words of support for the agreement, saying it gives the kurd some breathing room. We saw other republican saying this did not go far enough. The diplomacy should have happened before the withdrawal. There are still senate there are still several pieces of legislation moving through congress that would place heavy sanctions on turkey, do damage to their economy. I think a lot of lawmakers will be looking to see what happens after this 120 hour ceasefire ends. Where are the kurds . Are they being attacked . If so, should they consider passing that legislation because it has wide bipartisan support. Vonnie at what point does europe take a stronger position . We are healing reports erdogan may meet angela merkel, Emmanuel Macron, and Boris Johnson in london. I think turkey will look to solidify some of the agreement it reached with the u. S. With european partners. There is still concerned about where this will leave syria and the longterm, what erdogans plans are for the refugees that have fled into turkey, and you will remember four to five years ago he let a lot pass through into europe. Last few weeks have been head spinning in terms of what has happened on syria policy in the u. S. I think erdogan is trying to assure european leaders this is an improvement in the situation that will help bring more stability. That is something that remains to be seen. Vonnie thank you for joining us from washington. Bill faries, National Security reporter. Guy a quick check on the dollar. We have seen the dollar shrink, dow down to a session low, this on comments we have been getting from injured clara to, the Richard Clarida, the vice chair of the fed speaking in boston. The dollar has been on a downward trajectory for a while. He says the u. S. Economy is in a good place but faces evident will act ashe fed appropriate to sustain the expansion. The market has two more cuts priced in this year. European volume has been a little on the light side when it comes to equities. These are the closing prices. We dipped during the auction process, but not by much. The ftse down. 4 . Day,ac 40 finishing the down. 6 . Renault doing the damage. You can tune into the cable if youre looking for more coverage. We will be taking their the top of the hour on bloomberg dab Digital Radio taking the air at the top of the hour on bloomberg dab Digital Radio. We will have the mark carney interview with francine lacqua. That will take place at half past 5 00, london time. This is bloomberg. Vonnie breaking news. The president tweeting out that he just spoke to president erdogan. He says there was minor sniper fire that was quickly eliminated. He very much once the ceasefire to work. Right now, the kurds want it and the ultimate solution to happen. Too bad there wasnt this thinking earlier. It was always held together with artificial bandaids. There is goodwill on both sides and a good chance of success. The u. S. Has secured the oil, and the isis fighters are double secured by the kurds in turkey. A third tweed on the subject. Thatave just been notified europeans are willing to take the isis fighters that came from their nations, this is good news but should have been done after we captured their. Anyway, big progress being made stronger bylira is about. 8 . Guy time for one of our stocks of the hour. Shares of beyond meat are falling 4 this morning and are down nine of the last 10 trading sessions. There is increasing competition and that continues to pressure shares. Taylor riggs is here with more detail. Taylor as you can see theyre off more than 5 and lower in nine of the last 10 trading sessions. There is certainly a lot going on on the technical side. A lockup for the shares expected to expire on october 29. That has investors concerned of who may sell out of that. On the fundamental side, theres a lot of Analyst Research notes about rising competition, highlighting all of the risk in this sector. I know i talked about negative news, shares being down 24 or so. On the positive side, still one of the bestperforming ipo winners. Shares in july were up 800 . Now theyre up 350 . Still considered one of the bestperforming winners from the guide in terms of when we think about competition. Kellogg, like nestle, and more all coming out with products. If you take a look at a chart at gtv , it is rising shortsellers where the market is getting nervous. The shares outstanding are getting nervous are getting shorted. You have the stock prices coming back down to 1. 11. Vonnie is it fair to say the street is becoming bearish . Taylor i want to take a look and another chart i am showing in my terminal. Analysts are starting to get nervous. The street responding to the competition. You can see the big jump in the shares and then the last few weeks falling below the average analyst price target, hovering at about 1. 50. Now the stock clearly below the median analyst price target. The street reacting in fashion. Riggs Vonnie Taylor with our stock of the hour. Coming up, it is our global battle of the charts. This is bloomberg. Everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. You can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. All with millions of secure wifi hotspots and the best lte everywhere else. Its a different kind of Wireless Network, designed to save you money. Switch and save up to 400 a year on your wireless bill. Plus, get 250 back when you buy an eligible phone. Thats simple. Easy. Awesome. Call, click, or visit a store today. Vonnie it is time for our global battle of the charts. You can see them on the bloomberg by running gtv. Kicking things off this friday is jessica summers. Jessica i want to take a look at how oil explores have shifted their drilling expansion to outside the u. S. You can see the chart in blue, the baker hughes readout falling steadily since january, now the late now the lowest level since april 2017. Look at the white line. International oil and gas is been climbing higher. Just above 1100 riggs. Tends to generate the most sales out of the u. S. And just reported this morning. Now its biggest rival, halliburton, may not be so lucky because it tends to focus on operations in the u. S. We will get halliburton earnings monday. You can find this chart on the bloomberg at gtv. Schlumberger is one of the better performers in the s p. Guy, what you have . Guy i want to talk about the chinese growth numbers. This was a point made earlier and worth dwelling upon. We are obsessed with these kinds of lines in the sand when it comes to the chinese economy. 6 , 7 , 16 . In the yellow line, we have the chinese official gdp growth. Interesting here is you have to think about the mathematics of percentages. Are theom bar charts size of the chinese economy. It has been growing significantly over the last few years, steadily since 2008. That number has accelerated. In terms of its valuation, in terms of the size of the chinese economy, 24 trillion is thou the number we are looking at is now the number we are looking at in terms of the size. His 6 of four a bigger number than 60 of five . We have been concerned about the slow down we are seeing in the chinese economy. It is worth reflecting that the perimeter of chinese growth has continued to expand, as a result of which, the power of the chinese economy, even with a relatively slow growth rate, has increased by several degrees. That is something that is worth paying attention to. Vonnie i am going to award the winning prize to jessica summers. Well done. A set headlines report. Oracle is saying in a communication that mark hurd has died, mark hurd, ceo of oracle. Will be looking at that in a few moments on balance of power with david westin. Mark carney coming up in the next hour, too. David from bloomberg World Headquarters in new york to our tv and radio audiences worldwide, i am david westin. Welcome to balance of power, where the world of politics meets the world of business. Breaking news from reuters that mark hurd has passed away. He has been the oracle coceo. Larry ellison is the chair. We will be having more on this with our colleague brad stone in san francisco. Reports are that mark hurd, coceo of oracle has passed away. On the brief, from london, edward evans on Prime Minister johnsons big brexit vote. Kevin cirilli from the white house on the state of the precarious ceasefire on the northeastern syrian border, and tom orlik in washington on the disappointing china growth numbers. What we expect in Parliament Tomorrow . Is this the showdown . N johnson is taking the brexit deal he r