A lot of focus on the u. S. Jobs report we saw in the u. S. As you look at the pound its 1. 3003, we need to look at the trade relationship and negotiations between the u. K. And eu. Up versus dollar currently 109. 68. Coming up we talk all things geopolitical and geopolitical at 11 00 a. M. London time. Lets get the first word news in new york city. Volcanoe philippines, a eruption is prompting evacuation of thousands. Triggered earthquakes and spewed ash across manila. Markets were suspended, experts morning a hazardous explosion explosive eruption is possible within hours or days. U. S. , the nation is looking at reviving semiannual talks with china. There will be used to discuss the economic relationship between the company countries. Today, chinas vice premier heading to the u. S. To sign phase one of the trade deal on wednesday. Many shortcomings, that is the conclusion of the report during hong kongs recent unrest. The investigation finding a lack of communication, no clear guidelines when firing tear gas. It could be made public in the next few weeks. In taiwan, the president winning a landslide victory. She says it shows the people of taiwan rejecting chinas call for one country, two systems. She says taiwan will continue to refuse to bow to pressure from its neighbor but any move to formal independence is unlikely. Beijing says taiwan is part of china, whatever happens. A first date thats literally out of this world. A japanese billionaire planning on flying to the moon and is looking for the love of his life to join him. The catch, he hasnt found her yet. He is taking applications for someone to join him. Global news 24 hours a day on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Hurtado, this is bloomberg. Francine i love that story. Such hard work for a first date. Its a long conversation you have to have. East and middle antigovernment protesters rallied in iran for a second night after tehran admitted its military accidentally shot down a ukrainian jetline. This came after days of denying it. The iranian army said human error was to blame. Joining us from dubai is our reporter. Irans usually based out of , how big are these protests . Tehran youve seen them taking place in various districts so they are not contained to one area but they started in one of tehrans maine universities downtown and the downtown area has several landmarks and junctions that are usually a candlelight vigil for the People Killed in the plane crash and then turn into a protest. Theres also been reports of demonstrations in the northeastern city, another small city and also some reports of protests in the southwest as well. They are very vocal these protests, i think the profile of them is different. I think we are seeing a lot more middleclass people out on the street, but i think so far tehran is where we see the most of the anger right now. Francine how are officials reacting to this . It has been interesting to see how the state managed news agency has been reporting things today. There is a kind of impression overall that i think state run media doesnt want to use it just doesnt want the death of Qasem Soleimani and his funeral to become a clip eclipsed by this news. Interesting to see there are far more stories still about his killing and the impact of his death then there are about the plane crash. The stories regarding the plane crash seem to be mostly stories about officials insisting that they are going to provide transparency and they will get to the bottom of what happened. It doesnt seem to be a huge fornt of efforts effort the People Killed in this crash and who they were. Francine thank you so much. Joining us for the hour is the director of g10 fx bank of america global research. This has many twists and turns and will change the u. S. Foreign policy in the middle east, will change the middle east and iran. Where do you think we go next with these protests . Right now, the u. S. President doesnt seem eager to wage further into it. The impact on the overall policy between the u. S. And iran from this position might be limited and iran got out by saying its an accident, we wont do it again. That might state might take some of the heat out of it. Interesting question is what does it mean for iran itself. What we saw was a brief moment of National Unity in anger at the u. S. Killing of a top general, that is gone because of this admission that they knew they had accidentally shot down the plane and they did tell the iranian people that. We are seeing that in the protests. That possibility of National Unity, irans economy has seen great strides. Theres been months of protests, so what we are seeing now is adding to the general sense of the leadership. Francine does this almost embolden the iranian leaders . It raises some questions about the military at least which are highly elite and highly capable, how could this possibly happen. It raises questions about that. The leadership is in control of institutions. What we are seeing already are indications from their that conservative elements will try to regain control of the legislature. Francine what would this mean for currencies . We saw through last week a big play on some of these currencies, the yen, does this change dollar dynamic. At the moment we dont think it does. We are still bearish on the dollar. The key will be if the move in Oil Continues on the Global Economy that takes into a different dynamic. As the markets are brushed aside , renewed tensions, the canadian and the norwegian krone come up subsequently. Francine are the markets right to almost discount the escalation or is it because of Central Bank Actions that we saw muted market reactions or is it because we dont know how to price these . Interestingly enough i think the market goes through a number of these iterations. Number of conflicts around the world where the market now has become a lot more savvy in the way they trade these. They know that if the economy takes a little bit of a hit on geopolitical tensions that it will be there willing to accept. Francine thanks for joining us. Both staying with us. We talk oil, steady after its biggest drop since july. This is bloomberg. Francine this is bloomberg surveillance, i am Francine Lacqua in london. Lets get to the Bloomberg Business flash in new york city. U. K. Airline flybe is asking the government for emergency financing. It comes less than a year after a group fronted by Virgin Atlantic stepped in to rescue the carrier. On standby to handle a possible liquidation. More than 2000 jobs are at risk. Aston martin making a lastditch effort. The canadian billionaire is close to committing to a 200,000,000,000 pound fix. Controls half is inventing a Fish Oil Pill for bad cholesterol and will Start Testing and expensive phase of clinical trials. This 1 the company says its disappointed by the results. Analysts say could generate a peak revenue 145 million. The German Company is defined protest to abandon the deal. It says it has to balance the interests of all its different stakeholders. Thats your Bloomberg Business flash. Afterne oil is steady losing losing most of its gains last week. The iea executive director also expected an abundance of oil this year. There will be a surplus of more than one Million Barrels per day looking for buyers because production is norway,rom brazil, canada, lots of oil in the market. We were talking about some of the currencies linked to oil, does it move on geopolitical tensions or does it move on Oil Price Forecasts . It moves on both. Last week or so we headed towards that end currencies have followed suit. We had this very traditional large ction, the some of the other Asian Countries have come under pressure. It does have an impact on markets. Forecasts are important but the comments from opec have an impact. Francine whats amazing for a it seemsec watchers is the oil market has learned to live with it. There was the threat of conflict escalating quickly. Compared to what it would have done 15 years ago, nothing. Environment an where things are less predictable. Under obama we had tensions of policy of thee u. S. Administration was relatively predictable when it came to the middle east and north korea and what we are seeing under donald trump as he is willing if necessary to do anything, in this case especially against iran and that brings an element of and certainty. An element of uncertainty. Francine how much of it is shale oil in the u. S. . Kamal the u. S. Is the Largest Oil Producer in the world and to a certain extent is relatively shiftsed from the global in oil price historically its having a Material Impact on consumers. Hedging wise if youre going to get more volatility or expect more, that is the case for hedging. Francine if you look at global growth, the one thing 2019 was worried about was the u. S. China trade war. We have a phase one, will we get a phase two . Rosalind thats the question. Some people didnt think we would get to the first one. Given the unpredictability of the u. S. , where we go from here is unclear and also if the first phase of the deal sticks is unclear. We are only months away now from u. S. Election, how this trade deal impact to voting moves in key areas for donald trump and the democrats will be important in terms of how long that deal may last. At least on the chinese side you can see with the economic challenges china has been facing ,nd the questions over taiwan he really needs to keep the chinese economy taking over. We had expected a phase one deal. Is in game deal theory potential payoff territory. What do they get in terms of the optimal payoff, what would be striking a deal with donald trump or with Donald Trumps potential successor. Both sides will be exploring what the options are. I think the biggest thing for donald trump will be to make sure the economy remains resilient and the equity markets remain strong. Francine is taiwan significant . They rebuffed china in the latest election. Will this have consequences . Rosalind she was expected to win reelection which is astounding. She has come back to win. She took a strong stance on china. The mood has been supportive of the protesters in hong kong. Declare thebout to taiwan will be independent forever anything. She knows how to navigate a bit more. Still in a we are collision course between taiwan and china and that brings the u. S. As well. Its a redline for china and also an important player for the u. S. That tussle for influence globally, taiwan will be an increasingly important factor in that. Coming up, nissan report say the japanese carmaker is considering going at it alone. We discuss that next, this is bloomberg. Francine this is bloomberg surveillance. Going it alone. Reports from tokyo say nissan is planning for a possible split from renault amid the fallout from Carlos Ghosns escape from escape to lebanon. This would be a total split as well as a change to nissans board of director. It says renaults chairman has doubts about the alliance. Is bloombergw european transport reporter in paris. The Nissan Renault relationship seemed to improve in the past few months. What happened, apart from carlos ghosn escaping from to lebanon . The relationship has been better with the appointment of new managers and they were both working on projects involving electric vehicles. They were preparing for a big announcement on the project but what happened is i think the escape of carlos ghosn is stirring things up and giving ammunition to those who are critical of the Alliance Within the alliance. The engineering parts of renault. Nd nissan have always argued the escape is definitely playing a role right now. Francine how would the alliance look like if they split up engineering . The engineering is basically at the heart of the alliance. Without engineering, there is no common platform, no common car. Without engineering, its a slow death for the alliance. Francine is there a plan b for renault . Ania at this point there is no plan b. Therethere talks are talks, the stock price goes down. Renault had a plan b in form of a merger with Fiat Chrysler and when they decided to combine with fiat. Basically it looks like they choice but to find a way to reconcile. To setort mentions plans up engineering divisions while keeping purchasing together, purchasing as a source of large savings. We can imagine in the future and alliance that is slowly winding down but still keeping purchases together. Francine thank you so much. Bloomberg european transport reporter. Lets go to saudi arabia where the aramco chief is speaking for the first time after the companys ipo. Our reporter is chairing the panel. Attacks is also a testament of our reliability to product to our customer without interruption. Our reliability stems from three things, our resources and the way we manage them, are infrastructure our infrastructure which is excellent. Talents, the workforce that we have. What was attacks, this was our infrastructure. Our resources were not harmed and our people, we learned no one was injured in these attacks. To restore the facility is unmatched in the industry. We have shown this in all incidents that have happened with saudi aramco. The biggest was the simultaneous heads hits. Fires, almost 25 raging at the same time. And the team was able early in the morning was able to put hours,ires out in seven its a testament to the training, the development, the Emergency Response, we have drills and unless you take the seriously every time you conduct one, you will end up with a disaster. When things happen its a testament to how do you respond to these things. Andur Emergency Response the highly trained workforce made us capable of responding to restoring the facility quickly and Business Continuity. Our Business Continuity, there is no company in the world following the incidents we were able to mobilize and 24 hours. In 24 hours. These are contractors ready to execute. On you havebased the plans, we didnt go back to the drawing board to see what we need to do, we do what needs to be done. No interruption to any of our customers, International Customers in terms of supply. Done on applies were timely basis, and we maintained our reliability. So making sure you have the trainedy response, the and developed workforce that is capable to handle these situations, and the Business Continuity are all elements that are important to make sure that you maintain that reliability. Annmarie i think september really showed that you are a Reliable Company partner to work with, but about 15 of your production goes to upgrade. Is this a time to diversify across the kingdom . Approximately 5 million to what was 1. 5 Million Barrels, so if you combine the two, that is the 5. 5 million, that was the production of that day when the attacks happened. It used to be much higher than that, by the way. It used to be much higher than 5 billion, but we made the stabilization. 1. 5 Million Barrels was taken thefrom going to stabilizing facility. When we built, all new facilities, we had new stabilization at all these facilities. So slowly diversified. Diversified. That it is built in a way gave us a lot of stability. The way we built it, the distance between each vessel, each compressor, the drainage system. What helped us is something we call a super dump. You have a system that drains everything when you have an accident or you want to depressurized the system quickly. We have something that is unmatched in the industry, not similar to others called a super dump. So we are able in no time to depressurized all of these. Hours toble within 48 24 hours. Duction, and so basically because the way we built the facility, the standard gave us a lot of flexibility in terms of isolation and managing any incidents in any particular units of the facility. Annmarie i want to bring the u. S. Companies into this discussion because following the airstrike was thatll, that was Annmarie Hordern there, with the chief executive of saudi aramco. We are getting breaking news out of the u. K. The u. K. Economy unexpectedly shrinking ahead of general elections, casting doubt over whether there was any growth at all in the Fourth Quarter. This is from the month of november, so gdp so 0. 3 in november. Economist expected unchanged output. Was needed to prevent contracting in the Fourth Quarter. Just over 1. 5 hours into the trading day, lets check into your european stock movers with dani burger. Dani we have some big moves from carmakers, starting with aston martin, which last friday saw a big drop after a profit warning showing it needed a fresh injection of cash. Billionaire Lauren Strohl said putting as much as 200 billion pounds into the company, he is carn for racing points, the his son drives. The Chinese Company also looking at making an investment in aston martin as well. The downside, we are looking at renault, falling more than 3 . We were talking of with your reporter after the carlos ghosn dramatic escape from japan, they might look at manufacturing and engineering, this at a time when auto markers automakers are looking for more deals with the headwind. Igine,y, metta jean med after the company gained, an 80 effective miss rate after 24 consecutive months. Those now trading at the highest since last summer. Tom dani burger with francine dani burger with the stock movers. Lets go to first word news with viviana hurtado. Viviana for a second night in iran, mass protests after the government admitted it accidentally shot down a uk