That question of john curtis. A prescription for failure, equities could be in for disappointment if Congress Rejects the health bill. Could a lastminute change inject life into the legislation and the stock market . Matt good morning. Lets take a look at the future flat futures, but with a green arrow on the ftse, now pointing down while the dax and the cac higher. It was the biggest loser among the three major indexes and the biggest loser in terms of futures today as well. Bumd look at the trade, pushing the yield down. It opposite, which is interesting. The french trade is going the other direction. Wantoks like now investors safety and german death. This is the picture we found yesterday. It doesnt look like we will get any clear sense of direction, but will we once we get clarity out of Congress Later on . The ftse in line with the rest of the market. Lets talk about asia. The aussie dollar, why . Leg in had another down the iron ore trade. Calling is significantly lower on iron or. The correlation with the aussie is something you want to Pay Attention to as well. We will see the u. K. Retail sales number come out, but the biggest story is the backdrop of what happened in the u. K. Matt londons worst terror attack in more than a decade , the police dead officer and assailant, and 40 injured. Theresa may said the u. K. Will never give into terror. Tomorrow morning, parliament will meet as normal. We will come together as normal, and londoners and others from around the world who have come here to visit this great city will get up and go about their day as normal. They will board their trains. They will leave their hotels. They will walk the streets. They will live their lives, and we will all move forward together, never giving into terror, and never allowing the voices of hate and evil to drive us apart. More on this story, lets go down to westminster. Give us the latest. We are awaiting a statement from the police any minute now if it has not already begun for an update on the investigation. We know this is being treated as an and assistrelated terror attack. Claimedization has responsibility for the attack that happened around 2 45 in london yesterday. There is a stepped up police present today. This is on the south side of Westminster Bridge, a ways away from the houses of parliament. There are police men and women 34 police vans in the vicinity. We are expecting parliament to continue as normal. Theresa may has said london should continue as normal and we are expecting her to dress the lower house this morning, so it is business as usual as it were even after the worst terror attack or london in more than a decade. Thank you very much indeed. To follow the latest on this story, you can you should terminal and go to the tv function, interact with the team, and use Facebook Live as well. Here is bloombergs first word news. Juliette the European Central bank is to give lenders a last term offer of free cash. The final round of refinancing operations at an Interest Rate that starts at 0 and could go lower will be allotted at 10 30 a. M. U. K. Time. The ecb will get a sense of concern over the outlook for extending this. Stimulus. The fbi has information indicating President Trumps associateds communicated with suspected russian operatives to coordinate the release of information damaging to Hillary Clintons campaign. This is partly what fbi director james comey was referring to when he told congress his agency is investigating the Trump Campaign ties to russia. The white house and fbi did not comment on the report. Head of the House Intelligence Committee has offered some support to donalds claims that trump tower was wiretapped. He said the Intelligence Community collected multiple conversations involving members of trumps Transition Teams during legal surveillance of foreign targets after he was elected. Somewhatd reporters i do feel vindicated by the latest development. Scandal. A speaking under oath, he said that he was handed an envelope containing 9,000 during a visit to a kindergarten. A spokesman has denied the allegations. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Guy thank you very much indeed. It is one month until france goes to the polls. Besidential candidates will jostling for position with acron goingen and m headtohead. After a debate, the far left candidate as the most successful candidate. Good morning. Tonk you for taking the time be with us today here on bloomberg. Nearly half of french voters still have not made up their minds. What does your candidate need to do to convince them to vote for him . Good morning. Clearly france has a problem of a low intensity democracy. One out of two frenchmen does not vote in every election and that low turnout is characteristic of the current politics in france. So we are addressing people and saying it is fine if you dont trust politicians. We are not calling upon your trust. We are calling upon your will to orrganize our institutions actual constitution, and their main proposal is to have this constituent assembly to build sixth republic, the next constitution, where you will have more citizen control over elected officials, including the process of recall. Bad behaviorhave a problem, on ethical behavior from politicians come and that is what we need to address first. To your usualing leftwing people or far left. Far left. From the that is not what we are doing. We are democrats. Candidate did incredibly well in the debates. A lot of people thought he on, butsecond after macr still trailing at a distant fourth in the polls. Why do you think voters arent going to put him up there in the results as they did in the debate . Polling institutions have got it all wrong in france. On thatld not rely information as information. On is hype, put up there by the media and the polling institutions. Ive he revealed himself as too young, too fresh in the debate, where is he is the oldest candidate at the five years old. His political career is behind him, so he showed himself to be , theof the philosopher cultivated man that the french people like, and that is one of the solutions to the current situation, terrorist attacks, violence, intercommunity hatred. I think that anxiety calls for peace, and the french are wanting that opportunity, the empathy among ourselves to build something new, and he is proposing that. Gives the power to the people so they use it as they wish. May be french voters have had enough of the old guard, people active in politics . Maybe they want a young, fresh join forces with the socialists and make a run with them . I think it is up to him actually. The socialist party is in a bad position because they are in power. They are one of the reasons that the french people are so disgusted with politics. Candidates have been promising all sorts of stuff when they come and they campaign, and when they are in office they do the opposite. Things. A long list of our strategy is to bring on board all those disgusted, and it is hard to do so with the discussing, you know . I think that it would be smart supportalf of him to him, but im not calling for an apparatus agreement. I think that would not talk to the majority of the french people. Guy in some ways there is a comparison between your candidate and Jeremy Corbyn in the United Kingdom in the base that he attracts. The problem with Jeremy Corbyn is many people are now arguing that he does not represent or capable of leading a credible opposition. The comparison with Jeremy Corbyn is fair . Yes, becausepects i think Jeremy Corbyn is talking to the working class, addressing those simple issues of wages and what to do in life when youre jobless and you have health problems, very basic problems that the people have, but the situation in france is different because we decided to launch this campaign aside from the political parties, including the left political party. Is a Grassroots Movement within society that calls for more ethics in politics and for more citizen control, and that signifies a distance with those well rooted parties from the current political system,ncluding the socialist party which is not what Jeremy Corbyn is doing because he is in the labour party. Matt thank you for joining us. Coming up on the show, bill of health, a vote on Donald TrumpsHealth Care Bill taking center stage in the u. S. We ask if markets are set up for its failure. Then the pound rebound, resilience after yesterdays horrible terror attacks here in london. We would discuss the implications on the u. K. Currency and beyond. U. S. Agree a deal with the us or else, the chief negotiator warns the u. K. To not walk out of talks or there will be serious consequences. We get analysis from a leading political commentator. This is bloomberg. We are going to stick with it and go talk about the press Conference Take place at Scotland Yard right now. Lets listen in to what is being said. Terrorist was shot dead by police at the scene. Hundreds of detectives have been working through the night and haveg that time we searched six addresses and made seven arrests. Birmingham, london, and other parts of the country are continuing. Explicit come at this stage, we have no specific information about further threats to the public. Clearly the investigation is ongoing and we continue to focus on his motivation, preparation, and associates. That you thee media are making progress identifying the attacker. I would continue to ask his name well we areshed still conducting searches and arrests. This large and complicated crime scene remains in place, and i would like to thank everyone with patience as we finish the work. As people are out and about today, they will see more officers on duty armed and unarmed and a mix of police. Andave canceled leave increased our duty hours and are working hard to make sure we can reassure the public that they can go about their normal business. Tomust not allow terrorists so discord and fear in our city. And Scotland Yard are meeting with faith leaders coming together. The work will continue with vigor. I want to thank the public for their support and good wishes. Appreciated by all our men and women out there today protecting us. Would like to ask the public for the continued help and vigilance, and again, i say anything that you see causes concern, dont hesitate to call or in an emergency call 999. Has the public been helpful . Cctv from the scene, videos taken by the public, and piecing together the exact detail from those videos. Have you identified the attacker at this stage, can you confirm whether he was a British National . Not saying anything more at this stage and i will not identify those who have been killed. There is a mix of nationalities there, so announcing it on television is not the way to do it. I have said as much as i will say. I have talked about six addresses, seven arrests. About activity in london, birmingham, and elsewhere. As our investigation continues, more. Ll be he is acting commissioner, very experienced. We have a full team. We have Investigative Team doing the work. Any other questions . So you will see the closures restricting at the moment as we have final searches to do around parliament. Parliament will be doing normal business today. There is a bit of disruption around westminster. People will understand. More Police Officers on the streets. One last question. The three Police Officers who were injured, their conditions . As i say, we have seven in hospital who are in Critical Condition. Thank you for your patience and time. That is the commissioner laying out the details of what he is prepared to say to the press at this stage. They have made seven arrests, seven people in Critical Condition in hospital. Give confirmation on the nationality of the attacker as investigation is ongoing. Lets get a Bloomberg Business flash with the juliette saly. Juliette thank you. Londons worst terror attack has left five people dead including the attacker and Police Officer he stabbed. At least 40 people are injured. They are working on the assumption that it was islamicrelated terrorist action. The values our parliament represents, democracy, freedom, human rights, the rule of law commands the admiration and respect of free people everywhere. That is why it is a target for those who reject those values. Today, me make it clear as i have had cause to do before, any attempt to defeat those values through violence and terror is doomed to failure. Said the toshiba has board of its Nuclear Unit Westinghouse would decide whether to file for bankruptcy. Toshiba grapples with the cost of construction delays at westinghouse projects. Conglomerate has estimated a writedown of 6. 2 billion. Googles advertising crisis has gone global after some of the biggest marketers hold spending companys and the display network. At t and Johnson Johnson are pulling ads amid concerns they are running alongside offensive videos. Tools andlemented new policies, but many advertisers are waiting to see further results or details before placing ads again. That is your bloomberg is this flash. From janet yellen today, but markets are more interested in a certain till that may or may not pass in the u. S. Legislation. How is the market positioned ahead of that vote in congress . In,s bring mark cudmore bloombergs mliv strategist. More about Donald Trumps mandate to get legislation to the house, am i correct . Thats not exactly right. No one was concerned about the Health Care Bill a couple of weeks ago. It is not the stimulus we are waiting for, but it sends a message that if he cant get this through, trump will struggle for every change. If it fails, it sends a bad message and the markets will take it badly. On the other hand, since there is doubt about it, it could turn into a relief rally if it gets through. I think either way that there is more bad news for stocks on the way. Market positioning for this is expecting it does happen or does not happen . How is the market set up . Up and tell last night it was looking most likely it would get through, and yesterday there was an assumption that it will pass. This is drama, but dont worry. It will be fine. Last night it seemed like there was more news that this is more at risk and traders are expressing negativity today, so we havent seen Much Movement from that yesterday. In fact, people are positioned assuming it will pass. Im not an expert on the political situation in the u. S. Thejust going on what markets are feeling, and that is an assumption that it is ok, so a little bit of money off the table and nervousness but could become a shortterm relief rally if it gets through. Matt do you see any indications and markets that traders are worried yesterdays terror attack in westminster gives le pen a boost in france . It is one of the good things about the market, that we saw little of those connections. Seen too i have not much at the moment. Overall, there is an expectation that the worse of the le pen risks have passed. People are not scared as they were a week ago, and i think that will remain despite the terrible events yesterday. Guy thank you very much indeed. Giving us smart analysis to work our way through out the day. Yourber mliv on bloomberg. We are minutes from the open and the market is paying attention, but the big focus is on this bill and the nine states and janet yellen speaking later. Face it looks like markets that down and showed some resilience. We had initially a dropped in the pound. Today, we are seeing dollar weakness against the euro and pound, so interesting to see the dollar action and how that affects other currency pairs. Guy it is thursday. You will see some action in the london market. , and theecap as well authorities and the u. K. Are still conducting searches, but arrests are being and made believing the attack was inspired by International Terrorism. The market open is four minutes away, the flags in london flying at half mast. Guy equity markets open in one minute. We are expecting a mildly positive start. Sky, a attention to how it moves around later on. Generally we are up on the stoxx 50 by around 0. 3 . We did see a negative day for european stocks yesterday. Positioning ahead of yellen, positioning ahead of the vote in washington on health care, critical factors for these markets. Watch for the retail sales number out of the u. K. As well. Matt yesterday we saw a dip in the pound after that terrorist attack in westminster. The currency was resilient. This morning of got oneday charts of the pound gaining against the dollar. It has now come back down under that level. The euro had a spike around the same time and has now come back down. Guy lets show you whats happening with these markets. Lets deal with the cash open for equities. We have an unchanged ftse, expecting mildly positive. Exactly farg up not on the front foot. We are 0. 3 . Were expecting a similar story for the cac 40 when it opens. We will wait for that to come through. Looks like the Market Makers are taking their time as the ftse retreats back down to the flatline this morning. Retail sales out later. Vodafone well bid this morning. Mark barton has the details. Mark are we finally seeing some signs of volatility across Asset Classes . Thought we would start with the ftse 100 volatility index. On friday, it reached a record low. We are up for the fourth consecutive day. We climbed by 30 . This is the u. K. Benchmark volatility index. It has risen mo