It is not only a big conservative majority giving a lift to u. K. Stocks, the pound is gaining, but this phase one, or at least something that feels like a phase one [indiscernible] we will not see extra tariffs on sunday. It is going to be a risk on mood to markets overall. I am delighted to be joined by a conservative party spokesman. What a win for Boris Johnson. What are the markets looking at . What will you deliver, as the tory party, that the market likes so much . What we will deliver is a degree of certainty. Weve got a working majority, and that means we can deliver a withdrawal from the European Union on the timescale that we set out, and we can get on with thrashing out a trade deal with the eu and investing in an infrastructure that will help continue the growth in the u. K. Economy. Francine if a Withdrawal Agreement goes through, do you have any idea when that could be . We will certainly start the process before christmas, and we will do so in a way that we can get through the parliamentary stages in time for the 31st. Francine what kind of deal does Boris Johnson what with the eu . Go intoately, i cant details, obviously, because that would be part of the negotiation process, but we know that the eu marketslly important and trade partner for the u. K. , so we ought to protect that, but we also want to give ourselves the freedom to strike other trade deals with the u. S. And some of the other fastgrowing economies around the world. There will be a balancing act, he could demonstrated do self negotiations and do them quickly, thats what we will look to do with the eu with the eu. What kind of deal will be on the table with the nhs . That was nonsense put out by the labour party during the general election, and the british people were not buying it. The nhs is not for sale, will never be for sale. It will remain publicowned, publicfunded, and free to use. It is so fundamental to our psyche as a british people, that will never change. What about with the norway agreement . Do you know what the Prime Minister is thinking . Although short hands were unique when they were first no doubt at all that the relationship in the u. K. E. U. Strike will be unique and different, but it will be to the benefit of both the u. K. And the eu. It will also give us the flexibility to strike trade deals with other countries as well. Francine how changed is your conservative party, a conservative party that has promised to end austerity, to do more public spending . We heard a lot from johnson about uniting the country. James one of the lessons we learn from brexit is, while london has remained very buoyant and generated a lot of Economic Growth and opportunity, not every part of the u. K. Was feeling that. One of the things the Prime Minister is passionate about is making sure we level off, and that means in terms of infrastructure spending, job opportunities, education, and that kind of stuff. So we will see the conservative party talk more about the other parts of the u. K. I think that is a good thing, because we are here to serve the british people, and that will be the core of the johnson premiership. Francine but how does the johnson premiership keep the union together . The ecb will not go quite big and they want a second referendum. James this is always something the s p shout about. They like to talk about an independence referendum because people are not talking about the things that are under their current control. For example, the nhs in scotland and education in scotland. Those were slipping backwards under an s p government. Snp government. I would say focus on the powers youve already got, discharge those properly before another referendum. Francine but if there was another referendum on independence, would they vote for independence . That must be a concern. James parliament has made it very clear, we are not going to be distracted in 2020 by more referendum. He has made it clear that we have a duty, and we have a duty eu, and weut of the also have a duty to refocus all the power of government on delivering for the people of the u. K. The nhs, more police officers, money for schools, transport infrastructure. Thats what hes going to focus on. Francine you need funding for that. Tot is your main message investors today, people who were shy about putting money into this country . James we have a Prime Minister that understands the relationship between the successful commercial wealth in the u. K. And top quality public services. We know they both have to work. Boris, as mayor of london, was always a business from the mayor. He will be a business friendly Prime Minister. Francine do you know if the Prime Minister has a name of who he wants as england governor next . James i have not discussed that. I have been all about the election over the last weeks. I am pleased with the effort the Prime Minister has put on. Our activism seems to have paid off. I am pleased about that. Francine we will have plenty more from westminster throughout the day, but now lets go straight to the bloomberg first word news in new york city. Today the u. S. House Judiciary Committee is set to vote on articles of impeachment against resident donald trump. That is despite rejections from republican members of the panel. After the vote in the republicancontrolled senate, it is not likely to vote to remove the president. Ecb president Christine Lagarde striking a positive note. She says the euro area economy slowdown is showing signs of bottoming out. Policymakers wanted lagarde to mention the risk of subzero rates, but the governing council decided investors could over interpret that message. Euthe middle of the century, leaders play edging to eliminate net Carbon Emissions. Pledging to eliminate net Carbon Emissions. 26 nations giving an unqualified endorsement of the goal. And the top u. S. Aviation regulator criticizing boeings chief executive. The u. S. Federal Aviation Administration is concerned there is pressure on the agency regarding the 737 max. The plane was grounded after two deadly crashes. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Francine to fiona, thank you. Wins a decisive majority, but what kind of future relationship does he want the u. K. To have with the eu . We will discuss that next. This is bloomberg surveillance. I am covering the u. K. Elections with a landslide from the conservative party. They secured a large majority in an historic general election. Boris johnson conservatives have won over 360 seats with labour just above 200, the worst result for labour since 1935. Its taken look at the highlights. With this mandate and majority, we will at last be able to do what . So polarized and divided debate within this country, it has overridden so much of a normal political debate. This election means that getting exit done is now the brexit done is now the irrefutable, you resistible, unarguable you resistible, on resistible, unarguable position of the rich people. It will not go away just because brexit is dealt in the way with Boris Johnson plans to do with that at the moment. Few the people of this country voted to be Carbon Neutral in this election. You voted to be Carbon Neutral by 2020. You also voted to be corbynneutral by christmas. I will not lead the party in any future general election campaign. These results will bring dread and dismay, and people are looking for hope. We are waiting for the next steps. We will see if it is possible for the British Parliament to access the regional agreement to take a decision. Lets get brexit done, but first, my friends, lets get brexit done. Francine we have full coverage of the Election Results and market reaction. Joining us is carson and lucy. We also have jen hardy, coming up shortly. Lucy, the markets are on a tear. Is this because of the risk of nationalization with Jeremy Corbyn going way, or is it because they think the tory government will get something done . We got good news of a relaxation of trade tensions in the u. S. At the same time we got this result. The two concerns investors head towards the u. K. Market in the last couple of years have one, been the risk of an extreme u. K. Government, and the second has been the risk of a heart exit. Hard brexit. You have seen all of the asset focus, whether that was sterling or midcaps. And this gives the certainty that markets have been hoping for. Francine carson, what do we know about what kind of brexit Prime Minister johnson intends to deliver . Carson nothing. We know they will pass Withdrawal Agreements, and that does not mean getting brexit done. I think it is unrealistic to go for a more comprehensive trade deal before the 31st of december, 2020, so we have no clarity. Conversationrst with british voters in five years in which we have not had a real conversation that we need to talk about. Francine does johnson get control back from the erg . Can he ask for an extension without getting too much lack at home . Carsten i think he has greater leeway, no doubt, but at the same time, the composition of the electorate of all parties is in the process of massive lyrical realignment political realignment. Every mp elected on the basis of the tory manifesto has promised not to extend. We are no longer in a situation where you can limit this to 15 or 20 erg politicians. Effectively we dont know where the dividing lines will be. Francine looking at some of the stocks, rbs gaining 10 , central gaining 18 , so is there going to be a reality check when we dont know what kind of future relationship we will have with eu, or is it just because labour and Jeremy Corbyn, who said he wanted to nationalize some of these companies, is out of the picture. Clearly the big discounts they were trading under was because of the risk of an extreme leftwing government, so those will disappear. Thethen we will have uncertainty that remains about the brexit negotiation Going Forward on trade. However, as we said, the majority that has been going means that some of those extreme elements are going to be less able to shift the debate. So it will give more clarity than we have had for years. Francine how much have you invested in u. K. Stocks right now . Lucy we have a decent investment. These tail risks have been diminishing over the last two months. What happened overnight is not a complete surprise. One about with norway . We tried to quiz the head of the conservative party on that. Carsten if you look at where the tories have made progress in northern workingclass constituencies, people have said we need to invest majorly in public services, where Something Like freedom of movement is seen as a strain on public services, yet at the same time you are not really able to spin massively on because theces other half of the party is very skeptical of higher education. I think francine from brussels side, they have been frustrated that they were negotiating with a government that then put something to parliament and got locked down. Will they be happy with the result . At least they have a clear person they can negotiate with. Carsten totally, but with a caveat. Until the 31st of january, until the morning after that, we might be at a situation where we are back to square one, because nobody has had the conversation we should have had over the last couple of aunts couple of months. Francine it seems like a significant point. We will go back to that. Carsten nichols and lucy macdonald. Isaac we are getting live pictures at the you Leaders Summit in brussels, where the irish Prime Minister, they are going around the table. You can see the European Commission president together with Christine Lagarde of the European Central bank in her first News Conference yesterday, so we will see if we have any reactions. That is the irish Prime Minister, probably one of the most important voices in this. He is speaking to reporters. I dont know if we can listen in or not, but we will bring you all the comments shortly. This is bloomberg. I thick the prospect is there to develop a new partnership, and one that is good for all of us. Does it clear the way for a general election at all . I want to also make it clear that i will not lead the party in any future general election campaign. Toill discuss with our party ensure there is a process now of reflection on this result, and on the policies that the party will take Going Forward. That was Jeremy Corbyn saying he will stay as u. K. Labour party leader to reflect on the Election Results, but he will not leave the party in future elections. To discuss the elections overnight, to talk about the future of the labour party, we are delighted to be joined on the phone with the chairman of the u. K. Labour party. Why did labour do so badly . Because quite simple, ae election quite simply was rerun of the 2016 eu referendum. People put that first and foremost. People believed that the labour party tried to frustrate the Brexit Process in parliament. Believed we did not adhere to our process in the 2017 manifesto, where it would seem we certainly respect the result of the 2016 manifesto. And people feel as if they are being disenfranchised, as if their vote does not count anymore, and the fear is that the labour party should have done better than that. Think thedo you labour party would have done better than it with a different head of party and the same policies . ,an our policies are brilliant and they are Jeremy Corbyns policies. Has been a manifesto in 2019, an amazing manifesto, very similar to 2017, but a little more radical. We should not look at the 2017 , we saw the corbyn biggest swing towards labour since 1945. In 2017,rence is Jeremy Corbyn was a leader of the party. But we see it that we respect the view of the referendum. Weve got Jeremy Corbyn as a , we rotatehe policy magnificent manifesto, but we change our stance on brexit. But we see it is what we see it as, we would negotiate a deal and put it back to the british people. From the east, to the midlands, to the north, people feel that we have not listened to them. Francine do you think a more labourst labor leader kavb leader would do better in the next elections . Me last nightld he would not leave the labour party into the next election. Organizationcratic. A new process for a leader of the party that is under anyone theye party who feels that could do the job, whos got that fire and desire, and we put that into operation pretty swiftly after jeremy decided to stand down. Weve got lots of good time within the party, so we will see what happens. Francine thank you so much. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Ran cold francine the pound the surge . Boris johnson hails a defeat to deliver brexit after returning to the biggest conservative majority since the 1980s. That is not the only thing. Sident trump agreed canceling a fresh round of tariffs. Good morning. This is bloomberg surveillance. Official. The conservative party has secured a majority. We will go into all of the results announced. Boris johnsons conservatives have already won. Happenedlatest on what and what that means for the Prime Minister. What that means for brexit and what that means force Boris Johnson for Boris Johnson. Away. Take it nejra great to see you. In about two hours, we will have Boris Johnson come back here after he headed off to meet Queen Elizabeth the second. She will ask him to form a cabinet. When he comes back, he is likely to give another speech. The one he gave this morning he joked about the campaign slogan. Brexit before we get done, lets get breakfast done. The Withdrawal Agreement, that is expected to be done by the end of january 31. 11 months be enough time for the u. K. To negotiate . Well that what will that look like. Will the u. K. Want out of the eu . Will it be more a low impact, low regulatory, singapore type nation. In terms of whether there will be an extension to come to a transition agreement, july 1 is the agreement. What kind of deal will Boris Johnson get . Results course, the means Boris Johnson might have to face the prospect of a vote on Scottish Independence and Northern Ireland a bit of a thorn in Boris Johnson side. Theistoric victory for majority conservative party. The conservatives managed to get votes in many areas that had never voted tory before. Francine. Francine nejra, thank you so much. Lets get back to more market reaction. We will be joined by mairead mcginnis. Let me kick it off with you. When you look at exactly what it means for negotiations for the u. K. And eu, are we going to have