get to make change comes from your care of where all the earnings are coming from. i am really committed to that. i would end this by saying i look forward to coming to talk to you less about myself in the future and more about the ford results. >> thank you. q&a?u want to kick off the with thel start out financial community on the line and and moved to the media in the room. up 1.4% inrd is today's session so far. daiss a bill for it on the along with jim hackett >>. >>good morning and thank you for taking a question, congratulations jim. a lot of what you are talking up out seems like an acceleration of an existing strategy with some tweaks and changes. a lot of it seems like softer targets. as you look at the development and implementation of your strategy, what kind of metrics will you use to measure your success? you guys up and putting up pretty good earnings and cash flow. the that continue to be standard financial metric or how will you gauge the prod -- the progress of your strategy. the second question is, is there any change in capital structure either increasing dividends, buybacks or anything like that? >> on the first question and thank you for your comments, ford's ability to track where it thend understand that heartbeat of the company is what they have a mastery of. that's the process to watch where we are. i want to help impact where we are going. that is news that you will hear about. i agree with you that if we are in a rising tide market and earnings have enjoyed the effect of that, i want to see us differentiate ourselves. you will hear about things like that and particularly in the areas of capital deployment. that's a form of fitness today. that we family expects are returning that cost to capital. wet is one of the exercises will employ but i think it would be wrong to say that we haven't where we want it and i am a caretaker. i think the first thing i am doing is tearing into that to make sure it's aggressive enough. question, oncond any capital actions, i would not expect to see any announcements. it as always looking at you can imagine but nothing related to this announcement today that would be different than anything we have told you. answer that your assumption that we are kind of status quo in terms of where we are headed, that's not really the case. if you think of a clear view of you have that,e you can make decisions very rapidly against that clear view of the future and i think you should expect us to start articulating that. we are in a very fluid world. evolve but youll will see signposts along the way and we will be communicating with the street metrics that i think you can judges by. -- judge us by. >> next question? >> in some of your background, you have driven cultural change. do you think there is a need for a large cultural change at ford? if you can see me, i'm smiling because bill on my left, the thing that should not escape us is he gets it. understands the culture and we are totally aligned. emphasis, bet's an more emphatic about parts of the culture that need to come out. both of us feel that over the years, what happens in a corporations, the bureaucracy and hierarchy is probably overwhelmed as to did -- faster decision-making and clear understanding of teams working collectively. in addition, fun - we like each other and to have fun and we work really hard and are really competitive. we want people to come to work thinking they can have a great day here. things where there are pockets of those that exist but we will make it more emphatic. >> the one thing i would add to the culture -- vonnie: this is theq&a session at ford. mark feels -- feels retired. and that news came out about 8:30 a.m. and you can continue to watch this on the bloomberg. we are about 35 minutes into the trading day in the u.s. and for a look at ford stock and everything else, let's get straight to julie hyman. julie: ford shares are higher in investorlooks like status faction over this move after the shares were down 34% under the tenure of mark fields. it has continued to gain today. a different volume from last week's pick up an activity that we saw thursday. we are seeing stocks trend higher and industrials are leading broadly. i want to talk about commodities because we are seeing even more talk about coming to an agreement to extend production cuts with saudi arabia leaving that charge and oil is off of its highs in the session and silver is catching it break as well. we were seeing a lot of short interest and silver before it had a recent rebound. they are making some short covering but we've got that 10 year yield that is rising -- falling -- rising a basis point. in the 10 year up one basis point on the yield. as for oil, we are seeing a convergence among were oil prices are now. take a look at the terminal here. this shows them converging around 50. this implies that even with the opec agreement even because of production in the united states that there is not much optimism that oil will rebound a lot further from these levels. the other thing affecting markets has to do with what happened over the weekend in saudi arabia. billions of dollars in deals were signed between u.s. companies and saudi arabia. there are varying estimates of their total value, maybe $400 billion but the companies involved in the defense side like lockheed, raytheon are on the rise and companies that reportedly signed deals around oil and gas. if you look at some of those companies in the oil and gas business, they are rising as well as in today's session. european stocks are little changed. it's the biggest weekly drop in one week. the earnings season continues with the biggest private bank in lucerne was shares up 1%. marketiven by performance. i thought we would look at sterling implied volatility in one month, up for the longest stretch since january. are meeting in brussels today. the brexit minister told the sunday times that the u.k. will exceeds 100s if it billion euros. look oil, thought we would at emerging markets and how the decrease in oil does not have had an effect on the emerging markets index, up by almost 16%. the yellow line is getting busier as well, it's the best start of the year for emerging markets since 2000. vonnie: thank you. trump's first overseas trip since his inauguration got off to a successful start in saudi arabia. he delivered a well-received speech on combating terrorism and witnessed the signing of a $110 billion deal complex in defense. wilbur ross discussed the deal saturday. will accomplish the goals. i am just here to watch and help. and as a fan cheering it on. 23 new licenses and all these contracts. i cannot imagine another business deal that is as good for the united states and the kingdom. ofthere has been a bevy controversy back home. as that impacted the president's first foreign trip? not, the president is interested in managing the affairs of the country and making it a better place for business and for citizens. he will keep doing that. vonnie: c that was kevinerilli. the president is in israel today and kevin joins us from jerusalem. what will be the top of mines today? trumpce, president decided to travel to saudi arabia is the first international country that he would visit as president and then flying directly from saudi arabia to israel where i'm told that he tried to illustrate what he hopes is a new era of negotiations between middle eastern countries. quite frankly, it was a total change in tone from what i reported on the campaign trail when then candidate donald trump against harsh language the muslim world. when he was in saudi arabia, he had a more conciliatory tone. senior officials briefing reporters after the speech to arab leaders said they thought it was a stronger, more aggressive tone that he took his rhetoric directly to the cause of the problem. there is no question the prospect of top executives and ceos joining president trump on the visit. posted byhe ceo forum u.s. and saudi executives and there was a representative from raytheon, blackrock, the new york stock exchange as well as hewlett -- lockheed martin. the lockheed martin ceo in particular was a female ceo and was given a closed-door briefing by prominent presentation in a state where women's rights are abominable. been a very friendly meeting so far between israeli dignitaries and the president. any word on reactions to the possibility that donald trump gave israeli information to the russians? havem told the israelis backed off that accusation but president trump earlier today met privately and made public remarks with israeli president rivlin saying they hope this is a new era in sort of brokering a peace deal. this has been elusive for other administrations and a deal that president would be the deal of all deals. kushnerdjaered to broker those deals. there are senior members of the administration who have returned to the united states. reince priapus and steve bannon are among them. while the administration would like to move past the firestorm of controversy about the ongoing investigations that have clouded this administration back home, they had unanswered questions that are still very much being asked despite a lack of answers. jerusalem. vonnie: thank you so much. comments fromyou benjamin netanyahu and donald trump later on. mark fields is out as the ford ceo. turnaround specialist jim hackett is in. the stock is up 1.3%. fortis told a press conference on the decision right now. jim hackett is taking some questions from the street and observers. vonnie: live from new york and london, i am vonnie quinn. matt: mark: i am mark barton and this is bloomberg markets. futures are in focus in oil prices are rising and all signs point to an extension of opec production cuts. spokeudi energy minister to bloomberg over the weekend. >> i have not spoken or heard any country that is against the extension. everybody wants the extension because we realize we have not foreved our objective bringing global inventories were they need to be. mark: joining us for more it is the head of the kissick group. it seems like an extension is very much in the cards this week. involvest a cut that more deeper production cuts? is that what we need to send oil higher? >> yes, most definitely. not only the extension which they have been telegraphing for a couple of weeks with russia and saudi arabia and now iraq this morning saying they would commit to six months at least. the bottom line is that it looks like that's what everybody's waiting for. go deeper thanto the 1.8 million barrels per day? that will be the catalyst to the upside because right now, the dollar weakness has been a catalyst but what's not as what's going on in the united states as far as what we are doing on the production side. mark: what sort of levels are you looking to the upside for? what are the key levels? we are around 51 today. >> right now, you're looking at atange for the next 24 days $3.24 in the crude contract in the states with west texas. our challenge will be $53 or four dollars -- $54 on the upside. report to watch the eia and we need to see continuation of a drawdown which has been well below an average here in the united states. mark: the rate count keeps creeping higher. i think it's the 18th consecutive week right now? >> yes, it's up about 128%. we have cited -- we have 720 rigs online. this is a huge challenge right now for opec and non-opec nations. getting over 50 has taken the pressure off but with this recount continuing, that will put pressure. mark: a big week, thanks a lot, we will speak to you soon. lot, let's go a to boston for the annual technology media and telecom conference. this comes as tech shares continue to rally. david gura is there now. david: i am here with the head of technology investment at jpmorgan. let me start with the news of the day. ford is announcing its removing its ceo. to youes that say broadly about the direction of this industry? traditional companies are getting into technology? like smart cars. morgan,half of j.p. thank you for coming to our conference. we have about 200 companies representing 1200 investors and about 2000 attendees. back to your question, i think it's a smart move. technologypening is is becoming pervasive across every industry. there is a massive disruption underway. every industry whether it's consumer, energy, utilities, health care, manufacturing, industrials, automobiles -- they are going through a massive dislocation and what we are finding is that companies are realizing just by having technology is not enough. going to become a significant competitive advantage. do you own them or buy them? we expect a significant amount of trend in that fashion. 25% of her banking team is spending time with companies in non-tech and we would expect significant m&a within a couple of years. autonomous is at the forefront. by 2020, itelieves will be mainstream mass production which means the technology will be much earlier. there are various forces driving that. they are very incentivized to get this technology online. david: if you have companies that are not based in the same region or not of that background, heart -- how hard is it to find synchronicity? companies on average spend significant time evaluating and tracking companies with technology and specific fits. up onet like they wake day and by. there is a significant amount of time and energy spent by companies especially when you go across border. there is a cultural fit and business models and compensation structures. all those things factor in. tech weather is traditional consolidation or tech buying, its high growth overseas. it tracks for a company for one year or two years until they pull the trigger. was a glacial amount of progress in the united states market for the better part of the year. are you optimistic there will be an uptick in companies listing or in m&a going forward? >> we are optimistic on both fronts. m&a can start out slow but we are very bullish for the second half. if we look at our own pipeline we are always in the top two as an advisor in texan with a good barometer. i would say we have some large deals, several midsize deals in the pipeline. for thepretty good second half that it will pick up in a dramatic fashion. that's broad-based across every vertical within tech. that's despite the fact, to your point, ipo markets are on the rebound. almost nine ipo's so far. year when we look at our own pipeline, we should be on track to getting close to what a normal run rate ipo run should be. david: why is that? is of the state of the u.s. economy or the new regime in washington? what will kickstart the ipo market? >> the valuations are very attractive. nasdaq, any the index, they are all up versus last year. that's a big driver. i think volatility is down in a dramatic way.we have not seen the vix or below 10 for the most part. the regulatory environment is easing or the perception that that will help the tax reforms. timing is uncertain when that kicks in. and the track record of recent more companies are asking if they should go public later this year or next year. we have over 100 companies within the tech pipeline in the next 18 months ready to go public and these are some very large to more average market cap. david: you look at a company like twitter that went public and has struggled since. what is the lesson you can draw from a company like that? is that a company that would have a willing buyer on the horizon? >> we advised every company looking to go public. going public is just a milestone. you should go public when you have a long-term sustainability. many times, companies evolve organically or through m&a and it's important the companies in tech given how things are changing so rapidly that they are embracing both the organic growth to keep evolving and be at the forefront. on average, i would say 60%-70% but somempany do that companies fall below and struggle. i think the culture, how they form the foundation and if you're not going to see the path, we find more and more companies acknowledge them themselves. david: thank you very much for being with us. our thanks of course to david gura at that event in boston. jim hackett is officially the new ford ceo.ford is holding a new s conference right now you can catch that live on your bloomberg. ♪ . . from: lot -- vonnie: live bloomberg world headquarters, i'm vonnie quinn. mark: i am mark barton. taylor riggs has the latest from new york. taylor: conditions are right to in these deal in the middle east. he told the middle east that they share a common cause when it comes to the angel proposed by iran. president trump: iran must never toowed -- never be allowed possess a nuclear weapon and must cease their obtaining -- they are chaining -- their training of terrorists. taylor: the white house is trying to downplay expectations for significant process -- progress in the peace process. michael flynn will decline the subpoena from the senate intelligence committee seeking documents, according to the associated press. you will invoke is fifth amendment right against self-incrimination. the committee is investigating year'ss meddling in last election. the european union has signed off on a tough frexit negotiation stance, negotiators plan to maintain a hartline on the uk's departure, -- a hard-line on the uk's departure and they won't discuss the arrangement until there is an agreement on other issues. and theresa may is backing down from one of the central pledges of her campaign after polls show the opposition labor party gaining on conservatives. her plans and make elderly people pay for the cost of their fall belowtil they $130,000 will be altered. deemed the policy a dementia tax. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm taylor riggs, this is bloomberg. vonnie: now to the shakeup at .orward -- at ford thehackett has been running smart mobility unit since last year. jim hackett is speaking about his vision for the company. here's what he said earlier. jim hackett: what i want to help impact is where we are going. that is news we're going to hear about. i agree with you that if we are in a rising tide market and earnings kind of enjoy the effect of that, what i want to see us differentiate ourselves, as you will be hearing about things like that, particularly in areas of cap old women's, that's a form of fitness today, familylders, the ford expect we are returning that cost to capital. vonnie: joining us now with a look at what that means for ford is jamie butters. this is a surprise this morning around 8:30 eastern time. it was a surprise, the stock had fallen so much during mark fields' tenure. you never mentioned mark fields we were listening in on a conference call on the annual meeting and a kind of look like there was going to be some kind of shakeup, but it was kind of surprised that mark fields did get pushed out and replaced by jim hackett. chart, here's a great 8774 the bloomberg and it shows the tenure of mark fields and how the stock dropped from 837% drop. -- it is a 37% drop. shareholders didn't really give mark fields the time he would've desired to implement his strategy. will they give it to hackett? jamie: a lot of what mark fields was implementing was alan mulally strategy, which had invested a lot in more fuel-efficient cars and full-size pickup trucks. that's great except that gas prices fell and american consumers weren't all that inspired by fuel economy. they were behind on suv's, but mark fields had a communications problem with investors and some other stakeholders. you look at this most recent quarter, it's late in march and they announced the lower guidance and tell everyone you are expected -- your expectations are way too high. morgan stanley called it one of the biggest misses of all time and the stock plummeted come in and they beat those lowered expectations and the stock rose for about half a minute and then went down again. every time they reported record earnings, the stock would fall. it always had a negative spin. 30%: the stock is down since his tenure began in 2014 leading to the obvious question, what does hackett have to do to turn the stock around? jamie: he has to win back the confidence of investors, the regular investors, the ford family. but also the employees. they were just talking about this on the conference call, he is such a transformational leader and he said he didn't want to compare alan mullally to jim hackett, but they both give people a real feeling that they are going to win and it's going to be fun. he also talked about how they don't have to either future -- thehe futurede --cede future to tesla. the level of confidence he has to spread it around. he's a former michigan football player and maybe he can bring that spirit to another squad of blue. they are certainly putting them on the day of, phil ford and jim hackett and promising the best. thanks to bloomberg jamie butters in detroit. coming up, we have an interview with for better chairman bill ford. mark: that is coming up. president trump is in israel today ahead of his meeting with prime minister netanyahu. he says he sees a rare opportunity to bring peace to the region. we hear from the former israeli ambassador to the u.s., that's next. this is bloomberg. ♪ mark: this is "bloomberg markets," i am mark barton in london along with vonnie quinn in new york. vonnie: time for the bloomberg quick take, where we provide context and background on issues of interest. as president donald trump visits israel, we are looking at the mideast peace process today. the notion that israelis and palestinians can share the holy land living in separate independent nations has been a seductive goal for eight decades. talks for off peace more than 20 years, but lack of progress is led to a growing sentiment that the two-state division is dead. but if not to states, then what? president trump has said he would like to broker a peace agreements, but he is not committed to the idea of a palestinian state, a goal of american democracy for two decades. rather, he says he supports any deal the two sides can come to, is really private and yahoo! appeared to rule out a palestinian state during his 2015 reelection campaign, later saying he meant such an outcome was not achievable today. in the absence of progress, the palestinian president has threatened to abandon previously signed accords with israel. here's the background. after various partition plans were rejected, israel declared independence in 1948 and in 1967, war. israel captured the gaza strip, the west bank and east jerusalem, putting residents under military occupation, which spread palestinian nationalism. our continent to the two state solution would be a single binational state, where democratic elections determine who controls the government, but few israelis favor this approach, so for now, in the absence of progress towards a sound alternatives, the status quo may be the most likely outcome for the foreseeable future. read more about israel and all the quick takes on the bloomberg. president trump is in israel today, where he said conditions are right to reach a peace deal. president trump: we have before us a rare opportunity to bring security and stability and peace to this region, and to its people. defeating terrorism and creating a feature harmony, prosperity, and peace. mark: the president will meet with the israeli prime minister in that hour, joining us now with the preview of what we can expect is the former ambassador to the u.s., danny ayalon. life into thishe moribund peace process? mr. ayalon: i think he has more of a chance to do it and maybe succeed, at least partially, then many presidents before. he is starting with a realistic foundation, he's going back to the bush sharon parameters, meeting the u.s. acknowledges the big blocks of the jewish ,ommunities in the west bank and defensible borders. he is demanded from israel and israel acquiesced to curb the building of settlements, and also he is waiting about moving the embassy to jerusalem. this way i think he's holding both sides kind of in a way that they can move forward and he has leverage against both. 9 what is the rate vonnie: -- vonnie: what is the reaction that what is alleged the president gave as israeli intelligence to the russians. there was a checking to see if there was any compromise. intel, there was no compromising but the whole issue of sharing intelligence will be revisited between the community. it's very important for both israel and the united states to continue this very close intelligence sharing, because this is saving a lot of american lives, israeli lives, many muslim wives as well. there is no doubt this will continue. vonnie: without any impeachment. mr. ayalon: i don't see that. maybe they will be revisiting the rules of engagement, if you will, but no, this will not impede any of the -- vonnie: what is israel make the redrawing of alliances? mr. ayalon: we are impressed, and there's a great concern that the founders or going to get a multibillion-dollar deal of arms , and is a compromise israel's qualitative edge. but i'm sure this can be compensated. in terms of the gambit, it seems like a very tight related move. whereby the u.s. is back in the region and they do it with a great alliance, they form with sunni countries in order to stop the iranian expansion and also in order to contain the russian presence in the middle east. also be a good backdrop for resuming negotiations between israel and the palestinians. mark: president trump called on the world to isolate iran. what support will that gain? some call it a hard line, what hard-line support will that gain outside israel and gulf states? mr. ayalon: there's no doubt that iran now is the threat which is very clear to everyone, in a single away, more than any other threat in the region. more than isis or anything else. in this case, there's intertwined interest between israel and the gulf state countries. in that case, i believe both will support and will follow the lead of the united states. vonnie: is this just a reimposition of old sanctions? oral there will lead to be more sanctions added? mr. ayalon: a lot depends on the iranians. i don't see that the u.s. is walking away from the deal, because it's an international one. i think they will hold iran's feed to the fire to make sure there is no breach and also, we have to look at how they are treating ballistic missiles, there will be more tests or more terror inspired by ron, then there will be adding to sanctions. vonnie: to the public, it seems like the u.s. president has moderated his support for israel. what does it seem like to the current israeli leadership? mr. ayalon: i'm sure some will be disappointed, but realistically, if he really wants to jumpstart into negotiations with the -- he has to yeah take the moves he did and i will be leverage against the palestinians. they will not step up to the table without demands of conditions, then he can do what he promised to do which is moving the embassy and allowing construction. but i think at this point, he wants to see what will be the other side's response. vonnie: please come back soon, former israeli ambassador to the u.s., danny ayalon. still ahead in the next hour, an interview with ford motor chairman bill ford on the board's decision to name jim hackett as ceo. this is bloomberg. ♪ mark: live from london and new york, i am mark barton. and i'm vonnie quinn -- vonnie: and i'm vonnie quinn, this is "bloomberg markets." let's head back to boston, and while domestic issues are front turmoil in, countries like brazil is also impacting business. bloomberg's david gura is at that conference with the ceo doing business in latin america. shimane, thes mark ceo of cinemark. let's start with latin america, a hugely important economy. tell me just about how important it is to you? >> latin america is very important to cinemark. we operate in 15 countries, up and through central america. it's about 25% of our business, so it is very important. david: we've seen that little tensions escalate in brazil over the last week or so. how much does that affect your business when there's a political event like what we saw last week? >> clearly it was a big events. for us, doesn't affect moviegoing that much. even over the last 24 months in brazil with economic and political downturn that has had -- attendance is actually up. people want to get out of their home and go to the movies and is relatively affordable form of family entertainment. as you expand the business in latin america, are you building a lot of theaters? what is the model of like in latin america? >> latin america has become a real growth engine for us, 5% or 6% growth in terms of theater growth. we are looking to add 50 to 75 screens in latin america this year, think we will do the same next year. it's a very important growth market for us. david: in terms of deals you may looking for, what mechanisms or means of expansionary looking for at this point? we look at expanding throughout all latin american countries, not just brazil. we are growing in colombia and peru and chile and in the united states, we are looking for any smaller regional theater circuit that was available and was interested in selling, cinemark would certainly be interested in looking at. david: how much do sentiment matter to you? theatergoinghink must be on the decline because i'm able to readily access movies on mobile devices. david: -- >> theatergoing is not on the decline. i would say it's almost flat. last year we were up 1.4% in attendance, box office was up more. last quarter, 4% in attendance. the overall industry was slightly down last year, less than one half of 1%, but the cinemark business was up, so we see the overall box office and revenue growing because you have some ticket inflation, we are selling 3-d, we are selling xd premium brand theaters. it is still a growth business with a relatively flat attendance. david: as you think about growth and how to differentiate yourself, you mentioned 3-d and a lot of recliners and theaters. what do you think about the direction of moviegoing, going forward? >> people like to get out of the house, and so we are to make the customer experience one that is truly memorable. we put a big emphasis in reclining a lot of the theaters with these luxury loungers that recline all the way back, adding a tremendous amount of food and beverage, whether it be beer and wine, expanded food, premium ice cream, rhenium coffee, we are trying to expand what it means in the consumer's mind for that customer experience. david: i think about all the opportunities that avail themselves to me, like beer or wine or more food. why did it take so long for this industry to embrace that? phenomenonecliner started three or four years ago and those chairs when we were using them in latin america, because we have vip theaters and then as they came up to the united states, we realized as well as our competitors that this was an amenity that customers really want to do. and it just made sense to expand beyond traditional candy and popcorn and cokes to have all kinds of things. the reason it took so long is the industry was just evolving. we need to encourage the consumer with a reason to get out of their home and go pay at the box office and see the movie. we are trying to make the experience one they can't replicate in their home. david: if you questions about the economy more generally. imagine the box office, is that because the economy is doing better and people feel more willing to spend money on a movie and what accounts for the rise in box office? we haveox office relatively try to keep ticket prices either at or below inflation, so it hasn't been we are trying to raise ticket prices. i think people just want to get out of the home. we will have nice kitchens at home, but we go out and eat and people have nice theater settings of home, but they want to get out of the house. certainly teenagers and millennial's want to get out and experience something. with the movies that are being made today, the big spectacle movies, those are meant to be seen in a giant screen environment with speakers all around you and even in the ceiling coming down. david: how are you working with hollywood on movies like those? , howee all the sequels closely are you working with hollywood to say to them this is what is selling well and this is what works well in the theater? >> i wouldn't be so arrogant to think that we are telling hollywood what they need to make. hollywood clearly knows their audience and they are making products that people want to see. is our job to then create an environment by which that product can be enjoyed the greatest amount. we will get feedback, but clearly, that is their job and they are doing a very good job of doing so. we arehow is the malaise seeing a retail affecting your business right now? are you seeing the difficulty of retail play out in the movie business? >> not really. big mall owners and landlords like movie theaters, they attract people. we have become in many cases an anchor in some malls because we are attracting those people to the entire environment. the mall environment is ashley just opening up additional opportunities for us to look for and have access to real estate that maybe we didn't have access to before. david: do you worry about the future of the extent malls? is it more appealing for you to get in on the ground level of a new shopping center versus getting into one that is still around in my be struggling? being that anchor tenant, i suppose. 30% of our or business is what euclid hall -- is what you would call a mall environment. or freestanding in of itself. our hope is to just be the best retail environment we can and help to improve that. in some cases, we're going into a mall and replacing a store that maybe is no longer in its original use. david: it's great to speak with you. mark zoradi with cinemark, joining me. vonnie: thank you, david gura. coming up next hour, i will be speaking to all of her right -- oliver wriedt. seesill tell us where he new opportunities. mark: coming up on the european close, 35 minutes until the end of the monday session. little change here for european stocks today after the biggest drop weekly says november. the first weekly drop. more gains in london i will leave you with the currency board as the euro rises to its highest level since september after german chancellor angela merkel said it's two weeks. the close is next. this is bloomberg. ♪ ♪ in new york,.m. 4:00 p.m. in london. 30 minutes left in the trading day in europe. i am mark barton. vonnie: in new york, i am vonnie quinn. this is the european close on "bloomberg markets." ♪ here are the top stories we are covering for bloomberg and around this world. president trump is set to meet with israeli prime minister benjamin netanyahu in jerusalem. will they forge a deal to restart peace talks? for chairman bill ford joins us this hour. a new chief executive for the automaker. he will tell us why jim hackett is the right man for the job and how he can help boost the share price. playing hardball with the u.k., the european union reaffirms its hard-line stance on brexit as the u.k. brexit secretary suggests britain could walk away from the talks altogether. have a look at