Hong kong Police Surround protesters at a university standoff. Chief executive carrie lam calls for a peaceful resolution. We are live in the city. Powell goes to the white house. President trump says he protested against high Interest Rates in a meeting with the fed chairman. Boston fed president tells bloomberg the central bank might already have gone too far. And emirates exclusive. President tim clark tells bloomberg he is still interested 737boeing seven dreamliner but does not see the 737 max 8 getting back in the skies this year. We are talking about maybe the First Quarter calendar next year, possibly even a bit longer. In the end, i will repeat the question. The only entities which will sanction the flying of this aircraft are the regulators. It is not boeing. Matt we are less than a halfhour from the european open this morning. I just wanted to quickly point out that we are getting a little bit of a comeback in gold. This is the u. S. Dollar price over the last three days. You can see all the the futures you will look at in a moment are positive, investors have put money back into gold at the end of yesterday. That could be because of a drop in the price of the dollar as well. In termsok at futures, of what we are looking at in europe, we have seen pretty decent green errors across the futures picture. 0. 3 , so are the ftse futures. Take a look at u. S. Futures. We saw earlier this morning some very slight gains, still see. 1 gains on s p nasdaq and dow jones futures. It could be a risk on session. Anna we are sort of edging higher in those futures that you brought us. We are also edging higher on asian equities during the session. You can see the hong kong markets set ongoing lowered, it would seem. Some investors asking whether it is time to start buying, such as the discount for hong kong to other parts of asia. A little mixed in the Asian Session. S p in the u. S. Hit another alltime high in yesterdays session. That is very much at the forefront. As is the latest and conflicting headlines around trade. On the one hand, risk on assets perhaps get a boost from some of the headlines around huawei. On the other hand, risk off assets may be get a boost on some of the reporting around the chinese governments may be skepticism around a broader trade deal. That kind of conflicted reporting for investors to consider when it comes to trade. Lets talk about what is going on in fx markets. The dollar has been fairly flat, mixed. President trump talking about the dollar with fed chair manpower. We see a bit fed chairman powell. We see a bit of weakness lets talk to our markets live team and get into these markets with the mark cudmore in singapore for us. I want to come to you first on where we go from here in terms of the equities story. Alltime highs once again, yesterday s p, another record. Where do you see things heading from here . I still think it is the same picture we have been talking about the last couple of weeks. I think that will continue to grind higher until year end. Unless u. S. China trade talks collapse completely, then we will continue to see this risk on alley risk on rally. Nine powerful one. In the u. S. , not a powerful one. In the you sets in the u. S. , equities are excessively expensive. We might see this phase one deal signing kind of pushed later into the new year while they kind of go on with the negotiations. We might not see any substantial process progress on a phase plan. I still think that a less toxic collapse completely, we will see equities growing higher. Matt i know a lot of us journalists here are excited to watch the debate. Looking forward to some extent to johnson versus Jeremy Corbyn tonight. What about markets . Are Global Markets focused on this debate . People wantk that to know whats going on but they have just gotten so confused by the u. K. Political situation recently. People are unsure if conservatives get a clean majority, a good thing, because you remove the uncertainty. Wait a second, that clear plan will be quite a hard brexit compared to what people were hoping for only six months ago. Is it really that positive . Outside of the u. K. , people have got an increasingly confused about how you play this. A level of uncertainty means a lack of interest and thats the case. Certainly a lot to play for in the u. K. Election. Unless you are a u. K. Political expert, we are all struggling. Anna we are all struggling. David blum from hsbc struggling on the direction of the pound and who can blame him. Lets talk about what is going on in hong kong. We see of course continued violence there. I was looking at the discount for hong kong stocks versus other parts of asia. I guess many investors will be asking, at what point does this turnaround . At what point do we draw a line in the sand and decide this does not get any worse and therefore jump back in. I think the discount you see in hong kong stocks, not just on a nominal level of comparing to other indices, but comparing it to its own fiveyear average, it is just extraordinary at the moment. To have uninversion to the hang seng an aversion to the hang seng index at this level means eat think the situation will escalate politically. Theres too much value. Especially since some of the heavyweight names in the hang seng index a lot of revenues domestically anyway. It is not necessarily a pure domestic. The hong kong economy is in severe trouble at the moment. It will not have great growth next year either. There is still a massive discount here unless you think there will be a drastic escalation from here. Matt we are going to talk to the imf md and little bit later. Later. Little bit what do you think is most important for me to ask her . What do you think she could say that may move markets . I am not sure exactly what she could say that would move markets. I think she could say a lot of things that will be interpreted in the long way. These people are normally skilled about not communicating the wrong message. How worried is the imf about a more systemic emergingmarket debt price . We see a lot of the smaller emerging Market Countries blow up recently across the world in all different regions. Latin america is kind of the focal point, but it is everywhere. There are some big heavyweights, places like brazil, india that have a very worrying debt situations that are not getting resolved. Is there a chance this extends to the smaller em countries . 2020 may be the year of aem debt crisis an em debt crisis. We are certainly due. Anna mark cudmore joining us from singapore. You can join in with the question of the day. How far can the u. K. Election move the pound . Reach out to us and the markets live team. Lets get the blumberg first word news update. Bloomberg first word news update. Kong, protesters continue to clash with police around the university campus. Carrie lam is calling on a peaceful e to the siege end to the siege. Some 600 protesters escaped or were evacuated overnight, including several hundred who are under the age of 18. The u. S. Is reversing its stance that Israels West Bank settlements arent illegal. It is a big are indeed illegal. It is a big policy shift for the u. S. It could give a boost to Prime MinisterBenjamin Netanyahu but it is likely a further setback to the Palestinian Peace process. In sight tothe end the political deadlock in spain. s separatist party looking into a deal that would put Andro Sanchez back in power Pedro Sanchez back in power. It is preparing supporters for the possibility. In return, they want direct talks in the future of catalonia. The cost cutting move is the latest blow to the regions industry. About 2 3 of the reductions would be office space stuff. Chartered has Steelmaking Facilities in the u. K. And netherlands. It did not give a detailed breakdown of where the cuts would be made. Wework will start cutting the jobs in the u. S. This week in a the struggling Office Sharing company amid staggering losses. About 16 of jobs may go, about 2000 positions. Mourners could come on friday, when the chairman of the company is expected more news could come on friday, when the chairman of the company is expected to global news 24 hours a day, onair and on tictoc on twitter, powered by more than 2700 journalists in 120 countries. Anna, matt . Matt thanks very much. Leighann gerrans with your first word news out of london. Siege mentality. About 100 protesters are still surrounded by Hong Kong Police at the polytechnic university. We are live in the city next. Remember, Bloomberg Radio is live on your mobile device or dab digital if youre in the london area. Tune in. This is bloomberg. Anna welcome back to Bloomberg Markets european open. 16 minutes to go until the start of cash Equities Trading this tuesday morning. European equities point little bit higher in conjunction with u. S. Futures that point higher. Industry, about the the heavy industry in europe. Tartar steel plans to cut as many as 3000 jobs across its european operations. The company, which has facilities in the u. K. And the netherlands, says about 2 3 of the reductions will be office space stuff. Will kennedy joins us. Very good morning to you. Haveuropean steelmakers been having a tough time for a long time. We know this. What is the background for todays decision . They are being squeezed both on the supplyside and demandside. On the supply side, there are a from lower cost areas and that is being exacerbated by tariffs in the u. S. That is not a market for a lot of those exporters. On the demandside, they are the victims of a slow down we have seen in the european economy, especially on the manufacturing side. By one estimate, still demand in the u. K. Will shrink by about 3 demand in theteel u. K. Will shrink by about 3 this year. Matt they have not said exactly where the job losses will be. An will that play out in uncertainty stricken u. K. Theyre concentrated in the netherlands, where they have a big plant, and the u. K. , where they have slimmed down operations. They still have a steel plant in south wales. An iconic piece of u. K. Industrial infrastructure. Job cuts like this dont play well during election campaign. These are wellpaying industrial it follows on by the crisis at british steel, which owns the other steel plant in the u. K. , which recently had to be rescued by a chinese dealmaker. Anna will kennedy, bloombergs managing editor for energy and commodities. Matt two hung the Hong Kong Government says schools will reopen on wednesday as about 100 protesters remain surrounded by police in a siege on the citys polytechnic university. Some 600 people escaped or were evacuated overnight. Chief executive carrie lam called for a peaceful resolution to the standoff. Protesters are coming out in a peaceful manner, in other words, they stop violence, they give up their weapons, they take the advice of the policeman, then there is no situation that that sort of violence will happen. Matt joining us now from hong kong is jody snyder. What is the latest . I know this story is a developing story, changing by the minute. Whats the latest on this standoff . The latest is that they are still there are still people on the campus. There still are protesters there. We do not know how many. We have heard various numbers. Carrie lam this morning said there were about 100. Fcmp said there were only 60. There are still people there. There are reports of hypothermia and some injuries. At this point, the police have not kind of tried to take them out of there by storm or anything like that. We have just been in this kind of stand situation all day today. Hadie lam, as you noted, her regular tuesday press briefing this morning, in which she called for a peaceful and peaceful end to the situation. She said she hoped people would voluntary agree to leave the campus. She could not agree guarantee that it would be a peaceful ending because the police were in a reactive situation. Anna that was carrie lams message about a peaceful end to the hong kong siege. What did she have to say about the plas cleanup activities over the weekend . Chinese the site of personnel in uniform . Is that the backstory here that sort of unnerved people . Thats right. People were concerned at the site of any Chinese Army Personnel on the streets in hong kong is unusual and something that, in the tense atmosphere that is here now, leads people to speculate that maybe there could be Something Else that would be a foot. Carrie lam sought to dismiss that in an answer to a question at her press briefing. She said for now, right now she said, there is no need for any assistance to hong kong authorities, that they can handle the situation. By thecribed the efforts members of the hong kong garrison, the pla, as being voluntary and charitable. She said they have done this in the past with storm cleanup. She said in her view this was welcomed by citizens. She sought to dismiss any speculation. Anin, that right now was interesting point. Matt thanks very much. She is bloombergs Senior International editor joining us live from hong kong. We are minutes away from the open of stop trading across europe and in the u. K. When we come back, we will look at the issues that you want to focus on. Julius baer is one. The bank has launched a Share Buyback program we will tell you all about. This is bloomberg. Anna welcome back. Seven minutes to go, just over seven minutes to go until the start of the equity trading day. Lets find the stories that the team are watching for reaction to today. Annmarie hordern is looking at smiths group. We are covering the banking business of julius baer and sarah patel focused on the automakers afternoon numbers are out. Lets come to you first on smiths group. Many have talked about this as a potential take out target for many years. We are talking about the spinoff of part of their business. It is a medical unit that they might be kicking off this potential sale of. People say it could fetch that unit itself more than 3 billion u. S. Dollars. They expect to receive bids before the end of the year so possibly in time for christmas. The attention from this coming from the private equity space. Smith has called higher, some of the calls as high as 2 this morning. Matt what about julius baer . Yes. A mixed bag the results from the swiss bank. Francs ion swiss buyback, which is good news. The results are not so good. We will see what the Market Reaction is today. Anna ok, thanks very much for that. Lets get to sarah on the automakers. New numbers out in europe. Sarah good morning. The numbers are just out. October, butump in that really is masking an underlying negative. The numbers are down from the start of the year. The car sector is quite depressed. Demand is low in europe. It is even worse in china, which is the worlds biggest market. Even though october jumped, i think analysts will be expecting shares probably to go down because for the rest of the year, nobody is expecting sales to really pick up. Matt all right. Thanks very much for joining us and getting us the latest stock stories from our equities team. Go to first go on your bloomberg and via the mobile app. I know you will speak with the head of the green party, the coleader of the green party later. We have had a number of airline easyjet, theym have all been really focused on climate change. Their message has been to a point, they are reducing their carbon footprint. Anna i spoke to the whiz airbus ss lastek whiz air box week. Easyjet reported numbers today. City world, around town, plg also newsworthy stories to keep your eyes on. This is bloomberg. Anna one minute until the start of cash equity trading this tuesday morning. Through the Asian Session and the u. S. Session, we saw u. S. Equity markets, the s p at least, at new alltime highs at the end of yesterdays session, but still we see Higher Ground ahead. Futures point higher. Msci asiapacific with mixed headlines around the latest on trade. Reporting around huawei, what could happen there, and reports about sentiment from the chinese delegation in terms of a broader trade deal. All that pretty mixed in fluid when it comes to the trade conversation. The pound, a little volatility coming through. We continue to build toward that election date on december 12. Oil prices, retreating a little from where they were. This is the picture on european futures. Expecting to see Gentle Movement to the upside we saw in the Asian Session. Expect that to come through into the european session. Up about 0. 3 on ftse, dax futures at this point. Lets get the equity markets opened up, and see where we are on the markets. The headlines around trade have been a little difficult to pin down, in terms of getting up clear message or any kind of sentiment gauge, where we are in the trade narrative. Still in the phase one of the deal. We talk about where the phase one will, whether it will lead to phase two and beyond with trade. This is where we are this morning, ftse 100 up 0. 25 , 0. 3 percent. Up interesting sector stories to keep an eye on. Flat, dollar index a little higher. President trump says he talked to chair powell at the fed about the strength of the dollar, but that is an old theme, we know the market knows President Trump doesnt like the strength of the dollar. Auto sector also in focus. New numbers from european markets in terms of auto sales, and keeping an eye on the aviation sector. We had our emirates interview, and speaking to easyjet today. Plenty going on in the aviation space. Keeping an eye on airbus as the dubai air show concludes. Broadly green across the sectors. A few areas of red, staples and health care, so looks fairly risk on in terms of the sectors we are seeing today. Matt absolutely. One of those airlines, manuf acturers, airbus, one of the leading gainers. 445 stocks up, so 130 down. 1 ,us up a little less than addingarge weighting, so the secondmost points of all Companies Currently trading to the broader european index. A gainer,again with allianz, prudential, banker sent in their. Banks and insurers and financials gaining this morning. A look at the