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from that point of view, i don t think they will go further on that. francine: sterling slides again as theresa may signals that regaining control of immigration and lawmaking are her brexit priorities, even if that means quitting europe s single market. this is bloomberg surveillance . i m francine lacqua in london. happy monday. lots to talk about on the show today. joining us, mike bell, strategist at jpmorgan, and bloomberg gadfly columnist marcus ashworth. plus, as london struggles to get to work with the strike by public transit workers, we will focus on a more agreeable form of travel. the ceo of sun seeker international joins us to talk brexit, exports, and the future of the marine leisure industry. first thing s first. this is a picture overall for a lot of these european equities. the one piece of data we have, it wasn t great, but gives us a little more of that buoyant german economy. german output climbing. economic strength in germany is standing firm onc ....
live from bloomberg s european headquarters. i am francine lacqua. we have a great panel on banking coming up. this is a picture for the markets. the pound dropping by the most in weeks after the prime starter announced it will rolling the u.k. out of the eu. we are getting manufacturing pi pmi coming in in-line. brexitld ve had if any impact, 52.6 is the figure for eurozone manufacturing. overall european stocks unchanged. the pound on the pound weakening. about deutsche bank will be played out in the states. we do seem closer to a resolution on the doj number. , 2.4% higher. let s get to the bloomberg first word news with nejra cehic. nejra: the pound fell after the british prime ministers says she will pull the trigger on exit on brexit by the end of march. a two-year process of taking the nation out of the european union . the confederation of british industry has called guidance on how u.k. business will trade. meanwhile the u.k. chancellor philip hammond wil ....
anna edwards is in westminster. she is out in the cold. this is the chancellor s first autumn statement of the new government. what are looking for? , it: it is dark and wintry must be time to hear from the government about spending plans. the key question today, is the government going to stick to the goal of a 10 billion pounds budget surplus by the end of the parliament, 2020. illusions, this ll be a budget that is predominantly about austerity. where will the acts fall axe fall? how much of a burden will be police force have to carry. we have heard about some of the areas they want to spend more in, defense, health. and as you said, we heard more about their plans for housing. for a looking for details backtrack around the tax credit story. it was on that subject, the government faced a defeat in the house of lords recently. we ll have to see movement on that particular issue. this is a set piece from the chancellor. expect metaphorical rabbits to be pulled from h ....
according to people friendly with the matter, they have had discussions about a potential acquisition or joint venture. verizon is interested in aol technology that deals with the automated buying and selling of ads online and wants to expand its mobile video offerings. new republican congress goes to work in washington today. first thing on the to do list, keeping the fight in the family. john faces the challenge to his leadership from two house republicans, one from texas and one from florida have announced they will run for speaker. their chances are slim. they would need to find 30 republicans were willing to vote against john boehner. in florida, same-sex marriages are now legal. the dan was originally set to expire today, but couples in miami-dade council got an announcement when the judge cleared the way for same-sex weddings to begin a day early. they are now legal in 36 states and the district of columbia. katy perry is rehearsing for the super bowl startin ....
japan crawls out of recession with growth slower than expected. how convincing is japan s exit from recession? a lot of economists saying that this is a disappointing figure and yet it shows a slight improvement. it shows a slight improvement, but in many ways, what this number is about is the evils of raising taxes in a deflationary environment. most economists would agree that raising sale taxes in april of last year was a poorly timed move. in many ways, consumer demand has never quite recovered. when you look at the enthusiasm toward abenomics, you don t see a lot of it here in japan. a lot of it is investors overseas who are looking at the different plans the prime minister has put together. when you talk to households here, corporate executives there is a lot of concern about economic headwinds that are increasing, not decreasing. in many ways, this economic number is not terrible news, but it is a reminder that japan is limping out of recession at best. how m ....