Donald trump has become president elect. President elect talks politics with president obama. His transition website gives an indication he intends to stick to his promises on immigration and health care reform. Dow jones adding more than 200 points. Investors start to draw increasingly bright lines between the perceived winners and losers from a trump residency. Tech stocks selloff. The trump slump in the global bond market continues with losses now topping 1 trillion. The emerging markets rout deepens amid concerns about capital outflows. We round off the most dramatic of weeks with our guests in london and new york. Anna marshall from the British Chamber of commerce gives us the business view. Lord Norman Lamont talks about the future of transatlantic relations. And we will keep you uptodate with all the markets as investors find their way in the new environment. Lets get to the bloomberg first word news. Heres sebastian salek. Donaldnstrations against trumps election has continued
Tom what an interesting 24 hours. Francine i just had a great exclusive interview with luke johnson. The problem is that is all about immigration and sovereignty if you are the brexit side so we may have people deciding in the booth basically to vote brexit. Tom a lot to talk about in the coming hours and some good guests. That there is other stuff going on in the world. I believe chair yellen may have something to say today. Francine we have to look at the dot plots with Michael Mckee. When a to see exactly what the underlying strength and that is but we need to get to the bloomberg first word news. Vote, two days before the the battle over whether the u. K. Will remain in the European Union is too close to call. A new poll has the leave campaign in front meanwhile a survey from or be has remain holding a 53 to 46 advantage. Police in brussels have arrested a suspect after a bomb scare at a shopping mall. According to a belgian newswire a man called police to say he was Walking Around
You. Putting into context the Foreign Exchange movements have seen in 2016. The story yesterday was around the pound and we will get to that. An pound against the dollar, underperformer in 2016. It hasnt moved all that far from where it started this year. The yen a very different story. It advances this year as the pound falters to the yen. Feeling the pressures of the polling data around the brexit data. That seems to move the japanese currency up as well. If we move up to where the assets have been moving overnight, you can take us through that. We heard this from george soros. Manus we talked about this as the show goes on. Sorosxit is ion agenda. It really recovered yesterday. One quarter of 1 this morning. I find it most fastening that fascinating is that he said who would think it would take the pound for europe. The dollaryen is also on the move. The longest rally under abe has just been broken. The longest streak. Gold at the bottom of your screen falls for the third time if th
Im talking about the interest of the United Kingdom. It is in the interest of the United Kingdom to regain our freedom. Mario monti, for whom i have a high regard, referred to democracy. He suggested that we werent really democratic because ministers were appointed by the Prime Minister and not by the people. That is ridiculous. What democracy means is that if the people are fed up with the government, they can kick it out. And laws which have been passed can be changed by the subsequent government. You cant do that in the European Union. Francine i think he was talking about house of lords. 1999, maybe lord olson was not in europe at that time, the European Parliament dismissed, i. E. Sent home, the executive chair of the european. Ommission so that can happen in europe as well. Im not saying the u. K. Is not democratic. Im saying that i dont see much reason for the u. K. To take a high moral ground these of the vis the young, flourishing, new form of democracy, the only form of democ
Thank you for joining us in the debate. First of all, just to start off, im going to give you each 20 to 30 seconds, state your case. I feel compelled to give an opinion, i dont consider that making such a decision is only a u. K. Decision. Its a decision regarding the eu. Irritated that David Cameron has decided to greatith this fantastic, european dream just for internal purposes and career path. I believe that this is far too serious an issue to just put his career as the key elements of the decision. I think the u. K. Should stay, and the damage will be much bigger for u. K. Then eu. U. K. Has that the always been an open country. Ago,ould go 1000 years its always been open to the world. Entrenching the u. K. Is an island is a big mistake. Norman he said the present situation in the u was not satisfactory, and it needed radical change. Im sorry to say i dont think that radical change was met, it was disappointing. Given that he didnt achieve what was necessary, on balance, not an e