Francine Warren Buffett says equities are less attractive than they were but still beat bonds. And theresa may says she will lead the tories into the next election, but does anyone believe her . This is bloomberg surveillance. Certainly a packed show, packed week actually for an end of august kind of feeling. It has been quite busy in terms of news. This is what im looking at in the markets. Stocks advanced on a rosier picture for the growth outlook. We had pretty good economic figures out of america. The chinese economy seems to be holding steady. The u. S. Administration sent different signals on north korea, which means that a little bit of the nervousness has been taken off. Among all other asset classes, dollar seems to be studying. Lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra Tropical Storm harvey has closed down almost a quarter of u. S. Oil refining capacity, flooding and power failures reduce americas feel making capacity by about 4. 2 Million B
Uber says it will appeal. Good afternoon and welcome to bbc news. Theresa may is preparing to deliver her long awaited speech in florence about the gplans for brexit. The Prime Minister will say the uk and the European Union have a responsibility to make brexit work and shes expected to offer continued payments to the eu during a two year transition period after britain leaves. Ministers hope this will break the deadlock with negotiators in brussels although theres speculation that it could cost britain £18 billion. Lets cross live now to Christian Fraser in florence. Welcome to florence, looking glorious in the sunshine. This is a moment in history and some say it is the most important speech theresa may has delivered on brexit and this is is the perfect setting. The Charm Offensive has begun, the Prime Minister told Jean Claude Juncker some of the detail of the speech. But im told it was still being written last night. She also spoke to the irish taoiseach. The british know they nee
Fulfil the potential of the the partnership. If this was to prove insufficient to Reach Agreement it would be a failure in the eyes of history and a damaging blow to the future of our continent. I believe the difference between where we would be if we fail, and if we achieve a new partnership that its so achieve a new partnership that its so great it is beholden us to demonstrate the flexibility and leadership needed. Yes, the negotiations will be difficult. But if we approach them in the right way, respectful of the challenges for both sides, and pragmatic about resolving them, we can find a way forward that makes a success of this forward that makes a success of this for all our peoples. I recognise that this not something that you, oui that this not something that you, our European Partners, wanted to do. It isa our European Partners, wanted to do. It is a distraction from what you wa nt to it is a distraction from what you want to get on with. But we have to get this right. And we
Example shaped the modern world. A period of history that teaches us that when we come together in a spirit of ambition and innovation we have it within ourselves to do great things. That shows us if we open our minds to new thinking and new possibilities, we can forge a better, Brighter Future for all our peoples. And that is what i want to focus on today. For we are moving through a new and critical period in the history of the United Kingdoms relationship with the European Union. The british people have decided to leave the eu. And to be a global free trading nation able to chart our own way in the world. For many, this is an exciting time, full of promise. For others, it is a worrying one. I look ahead with optimism. Believing that if we use this moment to change not just our relationship with europe but also the way we do things at home, this will be a defining moment in the history of our nation. And it is an exciting time for many in europe, too. The European Union is beginning
Challenged by Jeremy Corbyn who questioned her report of progress and of unity from her own party members. This is just under an hour. Statement the Prime Minister. Thank you, mr. Speaker. And with permission, i would like to make a statement on last weeks European Council. Long after we have left the European Union, the uk will continue to be a strong and committed partner, standing on pride with our neighbors and working together to advanced our shared values and interests. This would provide a further opportunity to demonstrate that ongoing commitment through discussions that included migration, the Single Market, turkey, north korea, and iran. It made important progress in moving toward the new deep and special partnership with the European Union that we want to see. First, on migration, the uk is playing its full part. The royal navy has intercepted 172 smuggling boats and saved over 12,000 lives since the operation began. While our National Crime agency is working with libyan Law