Scott morrison scampers back to sydney. He apologizes for taking a family holiday when a string of vicious wildfires are still burning back home. A court finds France Telecom and its former c. E. O. Guilty of moral harassment. This over a decade after several employees committed suicide as the Company Launched a massive restructuring program. We will have the very latest in our business update. Also coming up in the next 60 minutes of the program, prayers notre n read in paparis dame cathedral every christmtma for centuries, even during the horrors of the two world wars wars. But this december Midnight Mass wont be held in the church following this years devastating fire. More on that coming up. Tay tuned. British m. P. s are gearing up to vote on the Prime Ministers bricksity deal this friday. With Boris Johnson promising to get this vote done and dusted before the christmas break. He said that his governments post to build a close build a relationship with the e. U. Previous attempts
The next governor of the bank of england. He is no stranger, 30 years of experience in a range of positions. Francine lacqua joining me now to take over hosting bloomberg surveillance. About his experience of Monetary Policy, the economics of the u. K. , and on the regulatory side, and reflecting on the brexit experience, even if many people point out a lack of Monetary Policy setting experience. In terms of market reaction, we do not expect a lot of reaction. Our colleague was pointing out he was widely expected to be the next governor of the bank of england. Move on the ftse 100, equity markets not moving far. We do have confirmation on who the next governor of the bank of england will be, and mark carney has extended his term to the middle of march. Francine thank you so much. Welcome to bloomberg surveillance. Governor of the bank of england will stay until march 15. Andrew bailey is to succeed mark carney. Bailey spent three decades at the bank of england as Deputy Governor. Lets
Nejra welcome to daybreak europe. Lets get a look of the markets. Another day, another record for the s p 500 with communication and tech stocks leading the gains. The s p 500 riding rising above 3200 ever. 3200 for the first times ever. The 10 year yields steady. Still above that 190 handle. Could we push towards 2 on the optimism over u. S. China trade. Atexpect a deal to be inked the start of next year. Lets switch over the board. Yesterday, we touched 31 basis points, the steepest since october 2018 on the 210. That reflects the view in the market that we see a little bit more today. Recession fears receding for 2020. We speak to socgen this hour. They have gloomy forecasts out there. No deal risk has been coming to the top of investor minds again. Oil also heading for a weekly gain on optimism around u. S. China trade even if we are flat today. , andrew of england bailey has been chosen to succeed carney as governor. The chancellor could reveal the appointment later today. Governo
Underwater motorways heavy rain and floods put the brakes on the christmas getaway. Buckingham palace confirms that the duke of edinburch is in hospital. Coming up on afternoon live all the sport with connie. Waiting for announcement from arsenal . Were waiting for confirmation that mikel arteta is the new arsenal manager. Up until this week he was assistant coach to Pep Guardiola at Manchester City and in the last hour or so hes confirmed that arteta has left the club and hes in london. Chris has all the weather parts of the country flooded . We will be looking at how much rain has fallen over the last couple of days, bringing flooding seems like these, but also crucially as the Christmas Holiday getaway gets under way, we will be looking at what the weather has in store over the next few days. Thanks, chris. Also coming up. Three, two, one and lift off a new era in human space flight. Could this capsule one day take paying passengers into space . Hello, everyone this is afternoon liv
Also taking a look here at the curve as well as bonds like i mentioned, 194 is where we sit on the 10year. Time for Global Exchange where we bring you market moving news from beijing to new delhi to washington and los angeles. Our bloomberg voices on the ground with this mornings top stories. We begin in asia where the chinese president is in macau to celebrate the return to chinese rule against the backdrop of unrest in china and calling for macau to diversify its economy. With the return of hong kong and macau to the moreland, it is completely up to china to handle the affairs of the two special administrative regions. There is no need for any external force to interfere. Alxy joining me is tom mckenzie the china open coanchor. What did you learn by the speech from mr. Xi . Tom he was there to mark the 20th anniversary of the handover and swearing in of the chief executive. Macau as a reminder is the worlds biggest gambling hub, bigger than vegas with a monopoly on the industry in ch