The dollar also moving lower. A lot of bullishness with regard to the pound, as well as some of the other peers to the dollar. That is suppressing the dollar index. Crude still very fragile. Nymex in new york, do bti down at 53. 12. Concerns about the global economy. The pound absolutely flat against the buck today. We traded for 1. 30 early on. We will find whether or not john bercow is going to allow a vote today. Equities up by about 0. 9 . Some of the industrials doing well. Deutsche bank having a fairly solid day as well. Theres talks of more job cuts coming through, but this time in the rates area. U. K. Prime minister Boris Johnson going to try again to get that brexit deal through parliament, a bid to show the eu he has the numbers to get that bill ratified. This as we await an announcement from house of Commons Speaker ton bercow, who could decide not even allow that vote. We are joined by emma chandra, live from westminster. Give us an update of what is going on right now. Commonsll, the house of is sitting, and the key decision we are waiting to hear about today is from the speaker of the house of commons, john bercow, and whether or not he will allow a meaningful vote on Boris Johnsons brexit deal. Certainly, Boris Johnson and his government want a vote on that deal today, but we have to hear from the speaker if you will allow that vote to go ahead. We are expecting to hear from him in the next 30 minutes or so, whether he will allow that vote to happen. If he does allow it, that vote could happen for 10 00 local time, about five clock p. M. On wall street. However, we are hearing that the chances of him letting that vote goahead today are quite small. It is likely he will invoke precedent, saying mps cant be asked to consider the same issue twice, saying they were asked to consider that issue on saturday, and therefore that would delay the vote. In that instance, that would mean the absence returns tomorrow. Later today, we will hear from the government to introduce the more formal agreement bill that would incorporate the brexit deal into u. K. Legislation. It is what was acquired by the amendment what was required by the moment that would delay the process with regards to brexit. Government is still trying to get brexit done by the current deadline of 31 october. Romaine our thanks to bloombergs and much andra in andminster bloombergs much andra bloombergs emma chandra. Joining us for more, steven wieting, citi global chief investment strategist. At the end of the day, theres a lot more progress than what we had in recent weeks. How optimistic are you about this, and how does it factor into your outlook for the economy . Steven first off, the full range of all the potential outcomes, probabilities may have shifted, but they are all still there. Poundonth, as we saw the reach 25 year lows in valuation, as we heard people talk about it breaking through to levels unheard of in history of the u. S. Dollarpound exchange rate, we thought it was time to take some more risk. It is truly taking more risk, stepping up a bit for u. K. Equities with 5 dividend yields, and what we think was a very depressed currency. A hardbabilities of brexit is a lower risk. You can see some optimism, where everyone is certainly wanting to get over with this, but knowing exactly how and when this will occur is not something in markets at this point. The main thing to thing about is that the u. K. , even for u. K. Citizens, should not be an entire portfolio. Events like this, even as we saw back in 2016 when the vote first occurred, has very regional impact, and is not going to be decisive for the world economy, even in a hard brexit. That is generally always the case. You have to look back to 2008 and 2009. It was very unique. It took world war ii before it to have a truly global trough. Romaine i think most people understand that on a global scale, thats what is happening there. But isnt there a knockoff effect for some eu members should this get a little bit messy . Steven there are some, and the European Union has some of its own issues, but generally speaking, the impact for the u. K. Would be significantly larger for the European Union, broader sentiment in europe, the direction of exchange rates, c. Rates,es, et etc. Could be turned by this. Youre looking at a significant drop of certainty in the euro area as well. Guy good morning. How much would u. K. Stocks rerate if there was a brexit deal . Steven i think part of it would be swift, and we would think again maybe some of the domestic value shares, the Broader Market , because a good deal of what is being transmitted is occurring through the pound. Over the process over the next couple of years, if there was business clarity as to how the relationship would unfold, a good deal of this would come with time as well. If we avoid a major shock, we have an opportunity to add incrementally over time to u. K. Stock positions. But one thing is certain, these are relatively cheap. Some investment uncertainty is relieved, there could be a pretty Bright Outlook for u. K. Overtime. Guy lets carry on the conversation about the broader perspective. Sentiment globally is quite negative at the moment. How much of that is down to brexit uncertainty, if you were to remove that uncertainty . If you were to remove that, how much would sentiment improve more broadly . Steven i think it is at least third down the list. ,f think about the u. S. Trade the u. S. Led trade war, the issue is not entirely with china. The motion that there the notion that there is some future conflict with the European Union over autos and agriculture, that is an issue. The second largest issue is that the Federal Reserve was running the u. S. Economy offtrack late last year, but they have taken notice and come very much fullcircle. Instead of having three rate hikes this year, its three rate cuts, and all likelihood this month. They changed their lending policy, which is much more critical than i think they let on. The new config about other more local issues, whether it is brexit or hong kong, as being locally relevant. Theres immediate damage in the world economy. Global trade, u. S. Trade, exports are contracting. But we think that is factories globally producing below the demand pace. We haveave no hint significant attention from central bankers to help maintain that factory downturn, and if factories are producing less than consumers are absorbing, we will see a pastor recovery next year. Romaine how soon, then . There are a lot of folks who look at this potential trough in the decline in the global economy. If we get brexit resolved, if we get some sort of progress on u. S. China trade, and some of the other global issues are sorted out, is there a reacceleration very quickly, or will we muddle along until whenever . Steven it wont be the next datapoint. I think we should be seeing even the things that are resolved, or some of the industrial actions in the United States, some of the things you have seen in the aircraft sector, these are still going to be in the data in the air term. We expect that earning reporting season, maybe it is coming along better than we thought, but to be the weakest six 2016 the weakest since 2016. I would think that in a matter of months, you could start seeing some incremental improvement. So the early part of next year would be a reasonable time if these things fall into line. Certain issues, brexit, we dont know if this is soon. We dont know if this is later. Romaine is this all about centralbank support at this point . People need look at the even when you look at the market today, a lot of it is depending on what we get out of the ecb, the boe, etc. Steven we believe the ecb is extremely accommodative. Whether that is for a long time, we will see. But in terms of the fed, we think that they have 18 months flags between peak impact 18 impactags between peak on the economy. The fed, we believe, is sensitive to trade develop ands. When you sick about what the administration might do, it when you think about what the administration might do, it is reflected in Monetary Policy. It is important to note that a prime mover here is what happens on the trade front. Guy steve, does the dollar keep falling . Steven we think that the dollar is high. It has held onto levels that are essentially the thirdlargest bull market in the u. S. Dollar. It all depends on a couple of things. Brexit, you can tell me where it is versus the euro. Weve seen europe has external surpluses. The u. S. Has deficits. Even with the u. S. Interest rate premium, it doesnt really push up the u. S. Dollar. But the major forces that would the federallar, reserve easing a lot and staying easy for the long run. Take a look at the minutes of the last meeting, when they talk easing policy sustained for a long time. That is the retrenching of monetary easing where you see the dollar fall. We are not dollar bulls hear from these levels, but i am also not expecting this to be and immediately pour outlook for the exchange rate. Guy lets talk about some other unwinds we could potentially see. The valuation gap between the super expensive bond proxies and some of the cyclical names is enormous. Windows does that start to close when does that start to close . Is there an opportunity in the latter . Steven weve gone from overweight Global Fixed Income to underweight, with the balance going into shares, some hedges, a little like gold, for example. Fromhat we also did is go an overweight position on defenses back to neutral and start to take a bit more cyclical risk. Thats because of concerns about trade policy, Monetary Policy in the United States being somewhat reduced. When markets go up, you never have enough of it. But our basic view here is that bond markets, extremely expensive european bond markets could be lossmaking for investors. Certainly holding them in the case of negative yield bonds, we are seeing a bit of an uplift. You need another shock to hit to get these yields to fall back again. For that reason, we are less optimistic on utility stocks, for example, which trade fairly close to tech stock valuations. When you take a look at some of the other safer ones, we actually do see some reasonable Dividend Growth out of health care shares, for example. A bit in staples where higher. Ns are but as we move away from bond proxies, we do want to take a little more cyclical risk and be income ands that pay actually raise it, so that means more exposure. Romaine when you talk about treasuries, we seen the reese pening of the yield curve about treasuries, weve seen the of the yield curve. Is there something to read into their . Steven what i do want to see is the Federal Reserve followthrough. If they want to stop, they have to go. If this is really going to be a midcycle adjustment and not some crisis fighting measure, it is basically in a period of low inflation, do whatever it takes to maintain demand through a true industrial downturn. We do have contracting factory activity. If you want that to end, you need to maintain the demand pace. We are seeing some softness in business confidence. That should flow through to some weaker employment growth. I do not think you get a collapse in a relatively healthy consumer environment with an 8 savings rate and low inflation. But you dont. Want to take it for granted you take more insurance steps but you dont want to take it for granted. You want to take more insurance steps. Maybe you get some of that from the fed. Romaine steven wieting, thank you. Lets get a check on bloomberg first word news. Viviana hurtado is here. Viviana theres been a lastminute settlement in the opioid case in ohio. Ee largest drug distributors and one many for 250re settling million. In todays election, Justin Trudeau will likely maintain power, but canadas Prime Minister will lose his majority in parliament. To stay in office, he would need to rely on a leftleaning party. A series of scandals have hurt trudeaus standing. Shares of boeing falling again. Dit suisse down dating Credit Suisse downgrading the manufacturer over concerns that Software Issues for itsen 32nd twomax before leading to fatal crashes. Guy thank you. We will have more on that story later. Up next, we are talking about deutsche bank. Apparently, we could potentially be looking at 10 job cuts in the rates division, which has thus far been spared the chopping block. Thats next. This is bloomberg. Guy from london, im guy johnson. Romaine from new york, im romaine bostick. Is is Bloomberg Markets lets get a check on the markets right now with abigail doolittle. Abigail take a look at the s p 500 and the russell 2000, both continuing to weeks of gains. The dax in germany up about 1 . Bonds are lower. Again, a risk on tone overall. Its confirmed by the sector composition in the u. S. Most sector for the s p 500 are higher. That tells you that investors are moving toward risk, and we do have a view of that here. You will see that stocks for the most part are higher. Financials up more than 1 . The defense of sectors there. What makes that interesting is the fact we have crude oil down for a second day in a row. Brent crude down 1. 7 . Copper is up a little bit. Halliburton helping out the energy sector. The Earnings Report good enough. Finally, lets take a quick look at boeing. Over the last two days, at the lows, down 12 . On pace for its worst two days since 2008 around further revelations around the 737 max and the risk ahead of those two tragic fatal crashes last year. Investors clearly selling the shares on those revelations. Still 14 buy ratings on boeing. Numbers are out wednesday, and testimony the following week from the ceo. Deutsche bank is considering job cuts of at least 10 to the unit that trades Interest Rate that hass, a division survived thus far the largescale pullback as part of the revamp announced in july. Lets bring in steve ehrens. Bigger . At 10 be even like it should be at least 10 . They havent confirmed this yet, but it could be potentially more. It shouldnt be much more, but 10 is the minimum under consideration. Romaine im a little curious as to why they are targeting this specific unit. The rates unit, i guess by most measures, doesnt necessarily always have to be profitable. What is the thinking behind this . Steve i think you outlined it pretty much perfectly. The unit isnt profitable. Eliminate units that are not profitable. But it is also a very important unit for companies they are focusing on to help them manage risk. They got to keep at least some of it to be able to continue to offer services, but they wont need off of it wont need all of it. Guy what do we know as we come to the end of this process as to what is going to lead the bank . Is there a sense from your reporting within the bank that they are doing enough . Weve been through so many rounds of this kind of thing. Steve they have a very strong plan in place now. The ceo christian sewing unveiled it in july. They are now aiming for investor day in december to present more details. What we reported today as part of that. Planthat is in place, the should last for a while. They are making progress. They sold some of the equities business. The question is whether they can meet the revenue target, and if it becomes clear that they wont be able to do that, we will be looking at probably another round of restructuring. Guy ongoing. Thank you very much indeed. Steve arons joining us from frankfurt. This is bloomberg. Romaine live from new york, im romaine bostick. Guy from london, im guy johnson. This is Bloomberg Markets. Lets catch up with what we need to know. Its time for aits time for a g business flash, a look at some of the biggest stories in the news right now. The saks fifth avenue has agreed to go private. Will try its hand ats reinvigorating the company. Bay chain has been removing unproductive brands and bringing in new ones. Halliburton saw north american sales dropped to the lowest level in more than two years. The worlds biggest provider of fracking services is in the midst of a protracted slump in from shale explorers. Halliburton also said that revenue in the recent quarter fell more than 10 , worse than expected. Private jet sales are surging as off. Lobal economy cools business aircraft deliveries are expected to rise 9 this year to around 690. Honeywell international expects seven heaven 40 expects 740 planes will be delivered next year. That is your Bloomberg Business flash. Romaine. Romaine still ahead, chinas top trade negotiator upbeat about the progress on talks with the u. S. We are going to talk about that next. This is bloomberg. Hey. Hey. You must be stevens phone. Now you can take control of your home wifi and get a notification the instant someone new joins your network. Only with xfinity xfi. Download the xfi app today. Romaine live from new york, im romaine bostick. Guy from london, im guy johnson. This is Bloomberg Markets. Lets check in with the bloomberg first word news. Here with the details, viviana hurtado. Viviana there is growing optimism that is Prime MinisterBoris Johnson will be able to get a deal through parliament. Saturdays vote forced him to delay. A three month the government hopes it can still get brexit legislation approved in time for the october 31 deadline. Over to lebanon now, where lawmakers approved sweeping reforms they hope will appease hundreds of thousands of people that have been protesting for days. Of 2020 budget has a deficit 0. 6 , with no new taxes. Salaries of top officials including legislators are going to be cut in half. The government will give millions of dollars to families living in poverty. President Donald Trumps allies are putting together a list of possible replacements for acting white house chief of staff mick mulvaney. Bloomberg has learned former new Jersey Governor Chris Christie and former acting attorney general Matthew Whitaker are on this list. President trump is reportedly unhappy with mulvaney over the white houses slow response to the impeachment inquiry. Chinas top trade negotiator says talks with the u. S. Are making progress. Bothpremier liu he saying sides are working towards a partial deal. 50 billionbuy worth of agricultural goods from the u. S. Return, the u. S. Would halt tariffs. Global 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. Tariffs. Global 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. Im viviana hurtado. This is bloomberg. Guy lets figure out where we go with the latest on china, trade, and the fresh evidence that the worlds second largest economy is heading for the slowest expansion in more than three decades. We are joined by Bloomberg Economics chief economist, live from washington. The chinese are talking about making significant progress. Is this just words, or do you believe there is some actual backing with progress in reality when it comes to the talks . Reporter i think the markets are right to be cautious and skeptical about any china trade deal. Weve been burned several times before, after the one a series g20 after the buenos a race the one osiris the way no thee the way buenos aires g20 guy tom, im going to ask you to hold that. John bercow, the speaker of the house of commons, is on his feet. The point of order did not prove to be a prelude to an emergency statement come on which colleagues could question, probe, and scrutinize the leader. Rather, for approximately an hour, 30 points of order were raised by no fewer than 24 colleagues with me, expressing disquiet and consternation that the government intended to require the house to consider again on monday the same matter which it had decided 48 hours earlier on the immediately preceding day. It was my privilege to listen and respond to the views of colleagues. I then undertook to reflect saider on what members had in to get a ruling this afternoon, which i shall now do. There are two issues, one of substance, and the other of circumstances, to consider. I shall address each in turn. First, i have to judge whether the motion tabled under section is the same in substance as that which was decided on saturday. Page 397 is clear that such a motion may not be brought forward again during that same session. It is equally clear that adjudication of cases is a matter for the chair. May and ruledine on this issue as recently as march 18. Saturdays motion sought approval for the Withdrawal Agreement, the political declaration for a future relationship between the eu and the u. K. , and the declaration concerning the operation of the democratic consent in Northern Ireland provision. Todays motion seeks approval for the Withdrawal Agreement, the political declaration on the future relationship between the , and thee u. K. Declaration concerning the operation of the democratic consent in Northern Ireland provision. It is clear that the motions are, in substance, the same. However, this matter was decided fewer than 49 hours ago. After more than three hours of debate, the house voted by 322306 for the amendment which this that, and i quote, house has considered the matter, unlesshholds approval and until implementing legislation is passed. The second matter for me to consider was whether there had been any change of circumstances that would justify asking the house to reconsider on monday what it had decided on saturday. Unless ane of it, event or development external to the house had interceded, it is hard to see the significant change of circumstances that would warrant a reconsideration on the next sitting day. Reconsideration preannounced by the leader of the house just under 21 minutes after the result of the division was announced. [laughter] however, the government might argue, though to date it hasnt put forward any argument or explanation at all, that the change of circumstances is the Prime Ministers application on saturday night for an extension of article 50. This is not persuasive. The application [laughter] this is not persuasive. The application is part of a process rather than a significant event in itself. Is anmary, todays motion extraordinarily im extra nearly grateful to the right honorable gentlemen that i should continue with my statement. Todays motion is in substance the same as saturdays motion, and the house has decided the matter. Todays circumstances are in substance the same as saturdays circumstances. My ruling is therefore that the motion will not be debated today , as it would be repetitive and disorderly to do so. Colleaguesefit of not closely familiar with the socalled same question is very strongch and dates back to 1604, i will summarize the rationale for it in a sentence. Ensure necessary rule to the sensible use of the houses for the proper respect decision that it takes. Legitimate for the motion to be taken today, what is it legitimate for the government to do . Guy john bercow, the speaker of the house, saying there will be no vote no meaningful vote today on Boris Johnsons plan to take the United Kingdom out of the eu. This is a verye, shortterm issue for the government. What the government is going to do a little later on today is submit the Withdrawal Agreement billed to the house of commons. That will then be debated upon, and there is likely to take place a vote tomorrow, what is called a second reading vote, tomorrow, which will effectively get a very clear idea of whether or not there is a majority for that deal, and if there is a majority in that vote, it will most that this Boris Johnson brexit plan will likely proceed. The pound dipping a bit, and coming straight back up as a result of what john bercow has just said. We will see an accelerated timeline within the house of commons that will allow the legislation to pass before october 31. That is the timeline we are now looking at. Romaine interesting timeline here. Obviously a lot of moving parts. When you look at the reaction of the market, they are just focused on whether or not this is going to move forward. You can see where the pound was trading before that announcement, where it is trading now. Pretty much about the same. A wait and see signal we are getting from the market. We are going to continue the discussion we were having before that, the latest on the china trade. Economist ishief still with us. We want to go back to some of the data we got out of china, and specifically, theres been a lot of criticism that china may isnt doing enough with some of its structural reforms. There was a comment by the pboc governor that essentially, they were going to just focus on other things and not really focus too much on this idea of greater stimulus, and focus on the debt load and keeping that under control. What do you make of that policy response . Reporter the challenge for china is that they had two challenging things happen at the same time. They were trying to deal with in extremely difficult deleveraging process. They took on all of this debt in response to the financial crisis and the european sovereign debt crisis, and around 2016, they decided they had to manage that down or they would face some kind of financial crisis. And then exactly at the same moment, donald trump into the white house and china find itself in a trade war as well. The trade war is hammering exports and calling for more investment, but the deleveraging agenda means they dont want to spend too much more, they dont want to have too much more debt. Thats a difficult situation they continue to find themselves in. I think the remarks from the pboc governor are a reminder that the deleveraging agenda continues to bind. Even as growth slows probably to below 6 in 2020, we are not going to see that big stimulus response from china. Romaine our thanks to tom orlik in washington. Lets turn to what is going on in canada. General elections being held there today. Prime minister Justin Trudeau seems set to remain power, but it is a tight race against the conservatives. Scheerhear andrew joins us from ottawa. It is going to be a much narrower majority than what he had before. What does that do to policy and what we can expect over the next few years . We think he will win the most seats, but probably not the majority. That means he will have to cooperate with the other parties. Canada has essentially four parties, depending on where you are in the country. That makes it difficult to predict because you might get and not win that district. Theee trudeau tied with Biggest Party in canada. Tied in the number of votes he gets, he might do better in the outcome of districts. That is what things are pointing at, but theres a lot of undecided voters, and weve been surprised in many elections in the past, both in canada and abroad. No one is counting too many chickens before they hatch here. Guy the currency is trading at a three month high versus the dollar. Will there be uneconomic impact as a result of today . Reporter if trudeau wins a majority, his most natural governing partner is the leftleaning social democrat party. We can expect trudeau to lean into that, and he pledged to do that. The tendency of canadian reflected, there arent too many livewire issues in this selection, but if things are closer than we think, uncertainty is going to be the order of the day, in particular, if one or two parties cant couple together 170 districts of a majority, than things are very to be very messy in short order, so that resolve will fuel a lot of uncertainty into the markets. Romaine our thanks to inombergs Josh Wingrove ottawa. From new york, this is bloomberg. Romaine time now for our stock of the hour. Smith and nephew, worst performer in the stoxx 600 today, heading for its worst day since 2008. The sudden departure of its ceo appears to be the cause. Kailey leinz is here with more. Kailey ceo has only been at the home for about 18 months, and took a pretty sizable pay cut to come over from the company that could be an issue here. Onis going to be replaced november 1. The downside in the market before today, the stock had been up more than 40 since he took the helm. The company had been struggling for out two years of declining earnings. Now it creates some uncertainty as to whether the turnaround will be sustainable. Thee is some concern about potential attitude toward m a, and if he will seek out really expensive mergers in order to find growth. That is maybe why youre seeing so much downside in the market today. Guy thanks very much indeed. Lets get back to westminster. John bercow just denying the Prime Minister a second meaningful vote on his brexit plan. Tomorrow, though, we will likely see a vote, a second vote on the Withdrawal Agreement bill. Does the Prime Minister have the numbers to get it over the line . We are joined by conservative f mp. By a conservative it is clear is the pointing it is clearly disappointing that the speaker rolled against another vote. These are the same people that wanted to put a meaningful vote into legislation, the same ones that have undone it all because it no longer suits their purpose. I hope that when it comes to it, people will realize this is whats best for the country, for Northern Ireland, and the rest of the u. K. We need to get brexit done by a cover 31st by october 31. Romaine when you talk about getting brexit done, you still have a situation where youve got to negotiate with the eu some sort of trade deal. What do you think those negotiations are going to look like, and do you think johnson is capable of guiding brexit through that phase . Hes very i think capable, actually. It is ironic that we need a general election to mcsorley parliament reflects, better reflects the people of the country, to do that freetrade deal. People across the road, theres two may people protecting their own jobs and risking other peoples jobs by extending uncertainty. But everything is up for grabs in terms of what model that freetrade agreement takes, but we are not starting from a blank canvas. We are already in perfect regulatory alignment with the eu. Weve got something to build upon, and i think Boris Johnson can take us through that. Guy the Financial Markets believe that i know deal brexit is now no longer on the table. Would you agree with that assessment . Mr. Scully im afraid i dont, actually. It is something i have been always prepared to go know deal as long as we do everything we can to get a deal. I think this is what we push through because Boris Johnson is the only one of the Party Leaders to focus on getting brexit done. The lived, leader wants to pretend the referendum never happened. Jeremy corbyn wants to negotiate his own deal and then campaign against it in a second referendum, which makes no sense, and extends the uncertainty. We already heard from emmanuel , andn, from leo varadkar from jeanclaude juncker, that agree into an extension is by no means guaranteed. Romaine when you listen to the comments from some of those leaders, what does that tell you about the timetable for getting this done . Well, basically, they are saying, what is the purpose . You had to deals now. This is a new, improved deal that is better for Northern Ireland, better for the u. K. The prize on brexit is there to be taken. For those people worried about uncertainty, we can stop that uncertainty and move into the next relationship, building negotiations. We can talk about how we leave the eu, not still banging on three years later about whether we leave the eu. That is a prize well worth taking, which we do if we vote for this deal tomorrow and get brexit done by october 31. That will give businesses the certainty they need. Guy thank you very much indeed. Paul scully, mp, joining us from westminister. This is bloomberg. Romaine more problems for boeing. Stock falling again today after three analyst downgrades. For the latest, lets bring in bloomberg intelligences Senior Aerospace analyst george ferguson. I went through these notes, and they were pretty bearish. A lot of folks taking about a breakdown in trust. When you look at what we got over the weekend with regards to these emails, what is the relationship now between boeing and the faa, and everyone in washington . Is that going to impede getting the 77 max back into air . The 737 max into air . George for sure, this will hurt relations between boeing and the faa. It does not exonerate the faa, but it does explain they may had not have gotten all the information the required, and frankly, i think it is a real setback for trust. Muilenburg, weve got numbers wednesday. He testifies the following week. Will he be the ceo wednesday . Will he be the ceo next week . At some point, boeing is going to have to accept some kind of response of the libby here. George i think you are some kind of responsibility here. George i think you are correct. I think if we find out that they knew it and it kept the information down, i think it is a very bad, very bad for him. I think the Organization Needs to be a lot more forthcoming, and giving the ceo the information he needs to make important decisions. Romaine this is not just about this is not just about boeing. Obviously, a lot of suppliers. Spirit air was down 9 today. What is the bleed through for some of the suppliers . Thege we still think airplane gets back into the air late this year and early next year. In our view, this is just increased liability. We dont think the airplane is unflyable. Is guy george, thank you. Another tough day for boeing. This is bloomberg. Guy Boris Johnson is denied a second vote on his brexit divorce deal, but theres another critical vote tomorrow. Does he have the numbers . South africa is out with the Financial Markets index. Jeff gable joins us this hour. And chicago students are missing for a third day during a teacher strike. Former education secretary arne duncan will join us. This is the european close on Bloomberg Markets. As we count down to the european close, lets take a look at whats been going on here in the u. S. Weve basically been in a Holding Pattern for most of the day. The good news is that is relatively elevated. We are just around the 3000 level on the s p 500. A lot of folks wanting us to hold above that level. Weve