Climatefocused policy. Boris johnson and the new government. The key is the vote that comes withgoing to have to work after the after that. Not the conservatives, but the that is a vote for mps to agree National Democratic party or the green party or some combination of that, maybe even the block. To the accelerated timetable the Prime Minister and his the withdrawal he also had this pipeline that he is in the middle of. Agreement bill to go through in the houses of parliament. Climate on one side they wanted to reach all its stages in the house of commons and the pipeline on the other side of the government purchased by thursday, if not by the end hes got to figure out whether of the week. That is moving ahead. This is the vote that is proving to be more controversial. There are some mps who think these minority governments are this is too little time to debate and pass a piece of only single tenuous because you can always are always a little tenuous because you can legislation as big as the Withdrawal Agreement bill. We understand the votes are very tight. Always lose confidence at any time. To calll they had by no means certain the government would win the vote. David as i understand it, prime elections due to lack of ability to put a coalition together. In this case you have a minority government. Minister johnson said if he does not get his way, he has a plan if he loses confidence along the b, which is a general election. Way, there could be another election. Can he bring that about . Typically two to four years, but said today that if he hes going to have to figure out how to win that next time and if loses that vote on the Program Motion, the Program Motion they he does, its going to have to are to ensure the withdrawal be working with these other parties. The most likely party as i s law before the understand it is somewhat to the left of him. You know, it just depends on 31st of october, which is the current brexit deadline. If he loses that boat and then the eu, also an extension to the issues. I think hes going to have to do brexit into january of next year a real balancing act here. On leftleaning issues, is going , he will scrap the Withdrawal Agreement bill, no longer try to to work on issue coalition. Get that through parliament, and instead he will try to go for a general election. On rightleaning issues, hes going to work with the what we would see for the next conservatives. Hes going to have to do this few days this week is various clever balancing act. Ways the government would try its different than a coalition government. And call a general election. We know Boris Johnson has tried to do that twice before only this is coalition by issue. Ish law or each budget, he last month and he was frustrated on both accounts with mps not going to support that. You know him well, you know allowing him to call an early general election. The situation terribly well. He has to get around something do you think you learned a lot from this experience . Called the fixed Parliament Bill and there are various ways in a lot of success in the policy which he may be able to do that. If he calls a general election, side, a lot of stumbles it is by no means certain mps otherwise. The you think hes going to be a would allow him to have one. Stronger leader Going Forward . If he does have one, we understand it would happen before christmas. David thank you so much for reporting from london. Now we go to Josh Wingrove in i think hes better and stronger as he is going on, we all get tested in various ways. We skin our knees at various ottawa. Points, which i think he has. I think he will be stronger and we had the election we talked about. Better just because of how much he learned in his government. Justin trudeau will return to i think that is good news for him. Office, but not quite as strong as he was before. I think that the conservatives are going to have to decide josh he will have to govern whether they are going to stick with Andrew Scheer or whether they are going to select someone with the support of the left leading new democratic party. Else to go against justin nonetheless, a win for trudeau, trudeau. Who lost the popular vote. It was an outcome that would look familiar to donald trump. Trudeau lost the vote but he one the former u. S. Ambassador to canada. More evenly. Coming up, nearly every day, the he won more seats in the u. S. China trade negotiations. Conservative party. For now, Justin Trudeau was we go to the source to talk with still the status quo. The man who runs the second he will have to name a cabinet, and then things would get largest container for in the United States to find out what tricky. Going on with actual shipment of he will have to start actual goods. Negotiations with other parties. What will they want from him in thats coming up next on balance order to support him on a vote of power on Bloomberg Television by vote basis . And on radio. Parliamentary committees . They could look into scandals that have dropped his popularity. It will be a messier ride for Justin Trudeau, even though he is still in power. David what does he want to get done . Josh some of it is about keeping stuff that they have already done. Had he lost, the National Carbon price probably wouldve been done. He and the democrats will keep that in place. National pharmaceutical funding would be high in the list. The pipeline is the big flashpoint. This is the one trudeau bought last year and is pledging to expand. The democrats are opposed to this, but in the past it has been flexible on whether they would go to the wall. It. That will be one to watch. Can trudeau expand the trans mountain pipeline the government now owns if he is needing to lie on this leftwing antipipeline party to stay in power. David that is Josh Wingrove reporting from ottawa. Now we go to washington and kevin cirilli. Kevin, not a day goes by we do not have somebody on capitol hill talking about the impeachment think very. How much is this getting under the president s skin . Cabinet it seemed like he was pretty irritated. Kevin President Trump using a racially charged term, lynching, to compare the impeachment process to how he feels he is being targeted by democrats. You mentioned bill taylor is the top ambassador to ukraine for the United States. Arriving earlier on capitol hill to testify before several house panels investigating on the impeachment inquiry. I am told he is seen as a key witness in many of these dealings. Rudy giuliani conversations that pertain to u. S. , ukraine policy. I can also tell you again with the racially charged week the president set out earlier, receiving intense pushback from members of the congressional black caucus. , but certainly from them while we are papering the also republicans coming out and telling the president you need deal, we decided probably in to be careful when you use words like that. Is the wall of republican chile when we have a summit in starting to erode at all on the chile, wherever that may be. Impeachment question . Kevin not in terms of whether he should be removed from office but we will be able to we think sign a completed document with china then we start working on or voted for impeachment, but youre absolutely correct there phase two. Has been a change in the last things in phase two are easier week or so, ever since the doral than phase one. That was trump talking incident where the president yesterday at his Cabinet Meeting signaled he wanted to have it at about trade negotiations with china. Directorthe executive well, whereyria as of the board of long beach in southern california. Prominent republicans have the second largest container shippings in the united in spoken out publicly against america. President words welcome back to bloomberg. Pretty happy with us. Tell us where you are. And you were here last year, in terms of the amount of shipments coming in and out, where are and president words they today . Last year, we had a great year, a record year. Now, for 2019, i think we can and actions. No one is saying he should be removed from office. An interesting line. David interesting is exactly certainly say that the trade war the right word. Thanks so much to kevin cirilli. He is our chief washington correspondent reporting from washington. Lets check in on the markets has had an impact, specifically with abigail doolittle. Is there any move in the markets because what we talked about . On long beach. Reduction there is a not a lot of movement . Abigail says abigial major in regard to the china imports u. S. Markets flat, at least for and on the export side, the reduction now compared to six the dow and the nasdaq. The nasdaq is the one major that is lower. 2018, thats a the other two are slightly higher. Macro headlines not weighing into much because we are in reduction of her own 41 . , earningseason obviously, the impact has hit. And that is china you are talking about now. Reports good and bad to take a look at. One stock is facebook is sharply both imports and exports. Lower on the day, this on the news that the antitrust probe by are you making that up with the state attorney general has been expanded by dozens and imports and exports from other generals,attorney countries . Maybe mexico . You seeing it made up anywhere . This before Mark Zuckerberg goes to congress or before the House Finance panel tomorrow. There is some movement in that is about libra and housing. Southeast asia. In terms of what that difference it could also be a doorway to talk about antitrust issues. Is, 19 is the number. Partard delivered we gained about 14 in other areas, so while there has been two limited to libra. Issues, weseen trade movement in other regions and other parts, its not really equivalent to what the market has been in china. If you have a sense of how saw with hasbro and ups. Abigial relative to hasbro, much of that is because of the tariffs imposed already, as positions just new those sales having the weakest day in 20 years, some of their supply related to the threat of tariffs. Tariffs were delayed to december 15, but the threat of tariffs and uncertainty and People Holding back because they are not sure where its going . I think its both. Clearly it has been indecision has messed up their supply and uncertainty. Chain. As for other earnings bloopers, as you what you see now giant having its approach the third and fourth biggest move ever, going all the quarter of the 2019 calendar year, we are now seeing actually the impact, and by that i mean way back to 1991, not just a good quarter but also around an again, when you look at the terms of the impact in southern california, the complex the alzheimers drug that could be pretty promising. David just bring one on you, we impact has been, again, going just got a headline on boeing. Once stable, it is down to forward, its going to be the impact on the americans negative. The news is not good. Abigial the consumer because consumption is what drives our gdp and if thats impacted, of course we stop not reacting. Are going to see an impact on you can see this is some extent priced in. The economy. They reported this week, i think last, i will say this. Today, when we talk about the interesting to see if there numbers are impacted at all by andnews around that 737 max economy, i dont think anybody who addresses what the economy will look like this year, next some of the more recent year, or the following year, in the same sentence, does it in revelations that the management could have done something the case of the impact of potential trade. Differently. David boeing is up almost 2 . The impact of what we are going with in terms of china. Fullblown relations to abigial could be priced in. David now we will turn to mark china. To you see patterns when crumpton for bloomberg first word news. Mark the impeachment probe into people anticipate tariffs . Do they actually ship more . President trump continues today with testimony from the top u. S. Diplomat to ukraine. Acting u. S. Ambassador william we have more tariff the right now scheduled. Crazy toed it was sure. I can definitely say that the withhold military aid in a bid last quarter of 2018, we saw to get dirt on the president s political rivals. Taylor is a key witness because expedited cargo coming to the port of long beach. Of his text message to collect expressing concerns about back channel ukraine negotiation led we had a record year because of the economy. By the president s personal lawyer, rudy giuliani. President trump compare the it anticipated the january 1, impeachment to a lynching. 2019 application of tariffs. A warning from british Prime MinisterBoris Johnson if i suspect we are going to see something similar as the parliament defeatss brexit implementation of the fullblown proposal and votes for a tariffs, the total of chinese delight, he will scrap the deal and call for an election. He will find out today if he has related imports. Any chance of getting his deal what percentage of your approved and whether it can imports and exports are from happen before october 31. A decision on the future of asia, as opposed to other parts of the world . Basically, its basically syria is coming down to a meeting between Vladimir Putin and turkish president erdogan ground zero when it comes to congress with china. The two begin talks in russia about a year ago i would say 70 today as the clock runs down on of our imports are specifically turkeys 120 hour ceasefire for from china. Kurdish fighters to leave today, its figures around 68. Northeastern syria. You seeing assad support russia backs percentilewise, the impact there. President assads forces in a year ago, a good amount of our seeking to gain control of the area. Exports up to almost 40 went to Vladimir Putin may force erdogan china. Today, that number is around to communicate directly with 26 . Damascus to solve the crisis. Tellan see how the numbers latin americas oasis has been chile,by the worst in the impact most effectively. And on imports and exports, do you see it in certain climates . Many died in a wave of arson and riots. Is it agriculture, because we had a lot of farmers hurting in the midwest. Now, thousands are protesting when you look at the import economic inequality, pensions, and export dynamic, its fair to say that on the exports side, health, and education. The impact has been more the president s attempt to crackdown on violence have made impacted their in terms of more it worse. Significant. Global news 24 hours a day, on again, how reduction of imports air and tictoc on twitter, is 41 . Powered by more than 2700 journalists and analysts in over 120 countries. In terms of california and the crumpton. Nation, grain and so forth, very bloomberg. Important factors in our attempt david . David coming up, ups reported to balance trade over the many years. Strong earnings this morning, unfortunately, all this has happened when we had a good but also a shakeup. Economy. We talk with ceo david abney, the answer to your question, absolutely. Next. Ons is balance of power tell us some about the business. How many people do you employ as Bloomberg Television and radio. \ a business . Good question. We just released a report a few months ago, and that report basically confirms that we see 25 jobs directly. The figures in terms of the state of california directly or indirectly related to long beach. And for the nation, that number goes up to 2. 6 million. Obviously, we are job creator. Ok. We are going to have more with the executive director coming up in our second hour of balance of power on bloomberg radio. Now, we have some breaking news. Vladimir putin and turkish president everyone are holding a News Conference right now over in russia. The turkish official earlier said that russia is going to help establish a saison in syria. We are bringing you any headlines as the develop with both turkish leader in the russian leader because as we know, they want to establish that saison. It would also require displacing the kurds. We will bring you any more headlines as they come out. This is balance of power on Bloomberg Television and radio. From the couldnt be prouders david this is balance of power on Bloomberg Television and radio. I am david westin. Ups reported thirdquarter earnings, narrowly missing on revenue but showing strong Profit Growth and increased efficiencies and reduced cost. We welcome david abney, chairman and ceo of ups. As i say, strong earnings. What stood out for you . David a. the domestic operations, for sure. We reduced unit costs yearoveryear by 2. 5 . Every package that went through the network, 2. 5 less cost, which gave us positive operating leverage as cost reduced more than the gain in revenue. We were happy with those results, which sets us up for good peach season this year. David how did you do it . How did you reduce cost 2. 5 . That is not easy to do. David a. first, it would be our strategy. We focused on ecommerce. We have embraced it. We leaned in because we knew that is where the world was going. Then we made investments in automating our facilities, optimizing our dispatch, and just a lot of technology. Then it takes good, solid execution, which i am proud of our team for doing that. At the same time, we grew the business, we operated at less cost, which caused us to improve operating profits in the domestic by over 25 . David we are talking with david abney, chairman and ceo of ups. To the wait did we just winners. We are always looking at the consumer. Are you seeing a softening of everyone uses their phone differently. Shipments that might indicate thats why Xfinity Mobile lets you design the consumer is getting nervous . David a. the u. S. Consumers your own data. Now you can share it between lines. Strong. Surprisingly so compared to some mix with unlimited, and switch it up at anytime of what you hear. We have gotten very good about so you only pay fo