technology. coming up in the next hour, secret project. have a team to working on satellite technology to be an internet services to devices. it will allow it to bypass wireless networks. latest. plus a pay raise. the reins, akes receiving a $242 million exception package. details.ve and big tech in 2019. of the ent from one most anticipated ipo s to a floundering company just survive.o we look at what it faces in the new year. but first to our top story, loomberg was the first to report that the iphone maker has a secret team working on a satellite technology. to find new ways to bring data directly to its devices. according to people familiar with the matter. he company has got a dozen engineers from the aerospace antenna design industries working on the project with the hope of deploying their results years. five for more i want to bring in bloomberg technologies. what do we know about the so far? we know it s top secret. it s operating like a start-up inside apple. has
it is a different set of numbers, but tesla is said to be production after a record quarter. manus: welcome to daybreak europe. battered, bruised. i m not talking about politicians. i m talking about the pound. kingdom, in the united sentiment is being battered and bruised, something to do with brexit. pound faces a two-year low. why isn t sterling rallying? if it was such a demonstrative statement in the house of parliament or not, as the case may be. no rate hike from the bank of england until 2020. the worst quarter since 2012. is it brexit or global slowdown? have a look at the rest of the world. bonds are a treacherous asset. that was mng s line yesterday. back up to 2.3%. ratios were slacked to say the very least. have a look at nymex crude. inventories.in credit suisse with a higher core on the oil market. nejra: have bond traders fallen into a dove trap when it comes to the fed? we look ahead to jay powell. the two-year back above 190, jumped 22 basis points since the
tesla. that stock down over 4%. saying this is going to be hurt by the trade war. the macro starting to feed threw two what that means for tesla. david: as we know, they need to cash because they need to get profitable, which they are not. apparently the whisper number is going down, too. alix: rough. all of that setting backdrop for today s risk off field in the market. s&p futures down by almost one full percentage point. it is a safe haven bid. you ve got the yen, the swissie, and the dollar all down. money coming into the bond market. this is the lowest level we have seen in months. the bund yield in europe over 11 basis points on the negative side. crude getting completely whacked on the safe haven move. david: u.s. weekly jobless claim numbers are going to come out at about 8:30 this morning eastern time. 10:00, the u.s. census bureau announces new home sales for the month of april. throughout the day, federal aviation officials will go over the safety review of the boe
as well. has anything really meaningfully changed from what you heard? not very much. it is clear that theresa may did not want to say the obvious, that not a single word has changed in the withdrawal agreement. you have is a supplement to the withdrawal agreement. hypothetically, the u.k. could, under its own interpretation, seek a unilateral exit from the backstop. require, essentially, legally interpreting things like best endeavors and the u.k. having to prove that e.u. was acting in bad faith. this is incredibly difficult to do in any circumstance. at the bottom of this, i regard this as a legally binding figure leaf that i doubt will be enough to win the vote in the house of parliament. haidi: that was going to be my next question. is it politically binding, enough to give her little more leverage? a little more leverage? think, the vast majority of the members of her own parliament have voted against her deal the last time. they have said no, we need therial change
this month. he is still expected to testify before three committees. survivors of sexual abuse by priests told journalists in romano today the vatican must pass over all the information it has on the matter to authorities. members of snap, the survivors network of those abused by priests says the move would encourage civil versions. > there needs to have by chump hierarchy true accountability. that means for those bishops o sexually abused need to be removed, or those bishops who covered up the sexual abuse need to be removed. mark: pope francis is summonning church leaders from around the world this week for a summit on how to deal with cases of section abuse by clergy. bloomberg news on the air, powered by more than 2,00 journalist as than a analysts. live from bloomberg world headquarters. i am cehri. i am amanda lang. we are joined by bloomberg audiences. here are the top stories we are following. brexit showdown. e.u. officials want to put british prime minister to