We will have the latest, but first, lets check in on the markets with mark barton. Mark e. U. Go. Look at the right hand side of the chart. Look at the map. Tories 315. 326 is the number they need. They are not going to get that number. This is not a brexit type of exit. European stocks are rising. Ftse is gaining because of the weak pound. Biggest decline since june 27. Sterling two day chart. That is when the exit polls came out at 10 p. M. Last night. Wed be down as much as 2. 5 . Vote, the expectations were if we got a Hung Parliament, sterling could fall as much as 1. 20. The median forecast. The 10 before the Vote Deutsche Bank set if we get a labour victory, the 10 year goes up. If we get a tory, small majority we go down to 90 basis points. Fascinating times, but its ver y much a localized Market Reaction. Francine thank you so much. She promised strong and stable. But we have this morning is anything but. The snap election gamble has backfired. Losing seats rather than gaining
Uncertainty with access to finance and some uncertainty over what the relationship will be with our trading partners. The chinese president steals the spotlight at the devils forum. Debatetsche bank ceo our at 730. This hour, were going his first interview of the day. A warm welcome to you here on our flagship morning show. To thes get straight World Economic forum. It is great to see you. Hope you are draft up and ready for the lineup. What do we have to come . This is the coldest one in memory. We will speak to the Asset Management ceo about what we heard from theresa may and where the Single Market puts a lot of of the bank and the Asset Managers. Have thelater, we Credit Suisse ceo and the back of opec cuts. Thank you very much. Francine will be back shortly. We have plenty to talk about. Where we areou with various Asset Classes and the lingering concerns about what we do or dont know about trump. You have movement in the cold there is a and burnish mint of credentials. 1200 and h
Deal with the uk but warn britain would have to continue to accept free immigration from the continent. And former National Security adviser Michael Flynn agrees to testify in the russia investigation in exchange for immunity, as president Vladimir Putin tells cnbc that claims of election meddling are fictional. You and the russian government never tried to influence the outcome of the u. S. President ial election and there will be no evidence found. Read my lips, no. Hi, everybody. Good morning. Welcome to cnbc. Very glad youre with us for the next hour. The finance minister of south africa, Pravin Gordhan has been sacked in the capital reshuffle. Mr. Gordhan will be replaced by Malusi Gigaba, according to a Statement Issued late on thursday by the president s office. We are just glancing at some of these stocks exposed to south africa. You are seeing the trading down heavily here in the trade, off somewhere in the region of 4 to 8 when it comes to old mutual. Investec off by 6 , and
His last august Public Statement. Welcome to the pulse. Live from europes bloombergs european headquarters. Im mark barton. Francine will be bringing you an jesusive with just daily staley. We got a big show lined up for you today. Less than a month until the u. K. Votes on the membership, we will bring you to top names on the opposite sides for the defense secretary, liam fox takes on the founder and chairman of finsbury pr, roland rudd. That will be in a half hour here on the pulse. Lets check in on the markets. Stocks are rising continuing a trend that started last monday. It gains one day and losses the next. Stoxx europe 600 up by. 6 . The dollar is up against the yen today. Interesting comments he said a two day move of five yen would be considered one way lopsided giving an indication what it would take for the boj to intervene for the First Time Since 2011. In the commodity market, brent crude is down for the fifth consecutive day. That is the longest stretch since genuine 13th
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