Againlls over the weekend pointing to a conservative victory. We have a mild bid on the german tenyear today, 31 basis points. Weve now got a three handle again. But its a big week for the euro, with the ecb coming up later on. Certainly watching Christine Lagardes first performance after that decision is made on thursday. Vonnie. Vonnie just a little while ago, we got word that paul volcker had died. The former Federal Reserve chairman broke away from runaway inflation brought the bank to and later,lation, during the obama administered and the obama administration, was brought in to create the volcker rule. For more on his luck as we are joined by stephanie flanders. Clearly, volcker had an enormous career. He served under six president s, both republican and democrat. Started to really change the way the u. S. Handles Monetary Policy. What would be his most outstanding legacy . Stephanie i think youre spoiled for choice because he was involved in some of the key Landmark Events in Gl
We pulled it off. We broke the deadlock, we ended the gridlock, we smashed the road block. The Prime Minister is now inside number 10 having pledged to earn the support of people who in his words may have lent him their vote. An awful night for labour losing 59 seats many of them in places the party has held for decades. Jeremy corbyn said the results were very disappointing. I want to also make it clear that i will not lead the party in any future general Election Campaign. I will discuss with our party, to ensure there is a process now of reflection. Borisjohnson pledges to work day and night to retain the support of labour voters who deserted Jeremy Corbyn as labour suffered its worst defeat since the dark days of michael foot. Jo liberal democrat leader jo swinson has quit after she loses her own seat to the snp and the party fails to improve its position at westminster. For millions of people in our country, these results will bring dread and dismay and people are looking for hope
Just a little bit of selling often treasuries. Crude oil is strong today, above 60 a barrel, giving a boost to some of the Oil Producers as well. In europe, we did get some disappointing ism data, but that is not doing anything to hold back markets. Stockocks euro 600 the euro 600e stoxx up. Sterling is off of its high, which was above 1. 35, after the election results. 1. 3334. The renminbi at 6. 9 nine today. Lets get to the latest on the geopolitical and mark laid implications of the phase i trade deal between the u. S. And china. Joining us is tom orlik, chief for bloomberg academics bloomberg economics. Tom i think there is a tangible sense of relief that a phase i deal is going to get over the line, and that those december tariffs are not going to go into effect. The rollback of some existing tariffs is an additional positive. At the same time, we dont have to go very far back in history to osaka over the summer or on a series or but osiris or buenos aries to remember what trade
Were expecting to hear from the Prime Minister shortly outside number ten. Labour performed poorly, losing 59 seats, many of them in places theyve held for decades. Jeremy corbyn says hell stand down as leader early next year. I think the responsible thing to do is not to walk away from the whole thing, and i wont do that. I will stay here until there has been somebody elected to succeed me and then i will step down at that point. A strong result for the snp, who now hold 48 seats out of 59 in scotland. Leader Nicola Sturgeon says it sends a clear message for a second independence referendum. Liberal democrat leaderjo swinson quits, after she loses her own seat to the snp and the party fails to improve its position at westminster. Iam i am proud to have been the first woman to lead the liberal democrats. Iam even woman to lead the liberal democrats. I am even more proud that i will not be the last. We will go original this hour, looking at the West Midlands, where the tories had a good
Ill look at the real cost of borrowing. Liverpooljust keep on winning in the premier league. They thumped everton 5 2 to win the Merseyside Derby at anfield, to push marco silva closer to the sack. And is your Christmas Tree up yet, and how environmentally friendly is it . I have come to a Christmas Tree farm in hertfordshire to find out. Weatherwise, a cold start but it is getting milder and wetter for many of you in the next 2a hours. I will be back with all the details on brea kfast. It is thursday 5 december. Our top story there is just one week to go until the general election, and the Political Parties are making a fresh push to win votes. This morning, the conservatives say they will cut taxes in their first 100 days in government, while labour have plans to recruit more teachers. Here to tell us more is our Political Correspondent tom barton. So time, there are more announcements being made, withjust one week to go tom. Announcements being made, withjust one week to go tom. Abs