Good morning, everyone. This is bloomberg surveillance. I am francine la am francine lan london. We have to get to the news for not only eg markets but corporate rates announcing changes, also something that may help with the sickness when it comes to covid19. U. S. Equity futures also higher. Are looking ats coronavirus cases and focusing on monetary stimulus as well. One thing i want to show you is thatorth korean yuan, currency is no longer trading, but we did see a lot of withility this morning, crude oil mapping gains. We will have look at the markets, but first, lets get to the bloomberg first word news in london with dani burger. Hi, danani burger. Hi, dani. Dani good morning, francine. The u. S. Economy has a way to go, according to chairman jay powell. The economy is likely to see a period of significant improvement, but it will probably leave the labor market well short of levels seen before the pandemic. Chair powell the first days of the shutdown, and we have seen what that
Highs, but trading is starting to thin out as we head into the holidays. We start with brexit, because today a crucial period for british and european businesses begins, as the uk takes a major step towards leaving the eu. The Withdrawal Agreement negotiated between borisjohnsons government and brussels goes before parliament, with a vote expected later. And given his large majority, its expected to get through without many changes. Under the agreement, britain is due to formally leave the eu on 31st of january next year. That will be followed by a transitional period, where existing trade terms still apply although the uk is no longer part of the eus political institutions. This ends in december 2020. Under the original plan, if both sides agree, that transitional period could be extended by up to two years, to give more time to negotiate a long term trading relationship. But Boris Johnsons government wants to rule out any extension, has added an amendment to the bill outlawing one. T
We start with brexit, because as youve been hearing, britain and the eu are in a last minute scramble to agree a deal to be put before a summit of european leaders which begins in brussels in a few hours time. Any agreement would then need the approval of parliament here in london. In case anyone needs reminding, the uk is due to leave the eu in less than two weeks. At 23 00 gmt on 31 october. Prime minister borisjohnson has repeatedly said this will happen, regardless of a deal or not. Under a law passed last month, he must ask the eu for an extension to that deadline. Thats if he does not get a new deal approved by parliament this saturday. The European Union is britains biggest trading partner. Last year, 46 of all uk exports went to the eu and 54 of all imports came from the eu, according to data from the uk parliament. If britain leaves without a deal, disruption to business could be huge, despite attempts to prepare. The governments own efficiency watchdog, the National Audit off
In the treatment of alzheimers . The Us Drug Company biogen says its seeking approval for a drug which appears to slow the disease. And. Should a 30 something launch a dating app for the over 50s . Well catch up with the entrepreneur behind it. A marriage of planning expertise with a multicultural background. Well get the inside track on how to compete in the crowded Wedding Planning field. The founder of la fete joins us live. And we want to know is a dating out the best way to meet a potential partner . How did you meet yours . And if you are single, do you use dating apps . Let us know just use the hashtag bbcworklife. Hello and a warm welcome to worklife. Many have you have been in touch already about how you met your partner, it is great to see your stories and keep them coming, we will mention a few later. We start in the uk, where developments in the house of commons yesterday have prolonged the uncertainty over brexit. Mps initially backed Prime Minister Boris Johnsons Withdraw
Imports from single malts whiskey to oui imports from single malts whiskey to our lives, as it wings a decade long dispute over state aid to adults. And a sell off on the american and european stocks carried over to the asia pacific session amid fears of the state of the Global Economy. This is the state of play in the first 31 minutes of trade here in europe. And we will be getting the inside track on the growing trend for street food. Street vendors and food trucks are becoming one of the trendiest way is to eat out. We will find out how you make it work in a city like london. And talking of eating, solo dining has become the new normal thanks to a rise in the number of Single Person households and hectic family schedules. Americans eat nearly half of all their meals alone. We want to know if solo dining has lost its stigma. Tell us about your experiences using oui tell us about your experiences using our hashtag. Hello and a very warm welcome to this penultimate business live. Britt