In the industry, including the ceo of boeing. Majority, he claims an extraordinary victory. What does it mean for his ability to enact reforms. We are watching a developing story in london. A ban hit a group of people thought to be muslim worshipers leaving a mosque in the north of the city, killing at least one person. Mayor said the con showed this called this a horrific terrorist attack. Guy is in paris for the error show. I know its very hot, but so is the roster of guests you have coming up. What are you looking out for . Guy we are here for one day. We are going to speak to the ceo of boeing. Plane,nnouncing a new the next 10 . Also have the issue of qatar and back prices impacting future sales or current sales. Thats a big question we will figure out. We will speak to the ceo of Qatar Airways. Then we will talk to airbus a little bit later on. Mr. Macron is going to be here fresh from his election win. He will be having a conversation and we will try and find out what to discuss. We are less than an hour away from the cast trade here. Just a half hour to go until the open. Take a look at the futures. We are looking at gains across the board. 9 , stocks 50, futures up 19 of a up almost percent as well. Looking at a positive day for equities. Take a look at my screen. Some of the biggest movers away from their 30 day moving average, this is how we order them in standard deviations. As far as Equity Industries are concerned, it is obviously this was friday. We had the weekend there, they were not quite opened yet. New zealand, big gains there. We came off of a strong close to last week and it looks like we will kick it off strong again as well. At four x, you see the key weak dollar and the yen is what you want to keep an eye on. Weakness against the dollar is something we had seen earlier. 111. 06. Ee strength at take a look at commodities because oil has an incredible story to watch and we can see heating oil movers to the downside. You want to keep an eye on that as well as the bond trade today. This is all asia, with the exception of sweden. We kicked off the brexit negotiation and brussels. Lets get back over to hong kong and check with first work news with Juliette Saly. Juliette the u. K. Prime minister says the police are treating a van crash as a potential terrorist attack. One person has died and eight hitbeen injured after a van people. The driver has been arrested and taken to a hospital. No other suspects were identified or reported to police. The counterterrorism command is leading the investigation. Has declared three days of National Mourning after a forest fire triggered by thunderstorms killed more than 60 people. At least 30 people died in the vehicle with more bodies found on the side of the road. More than 800 firefighters were still working yesterday to contain the blaze, which erupted saturday and spread. Britain is to observe eight respect fornce as the credit felt tower disaster. Theresa may has said the response was not good enough. That comes as public criticism of her has mounted and police raise double debt told to at least 58. The u. K. Government has been asked it has canceled the queens speech to give lawmakers more time to get deal with brexit negotiations. The next Parliament Session is due to start this wednesday and is doubled in length to two years. Talks between the European Union about the divorce get underway today. Publicce, there was no celebration from Emmanuel Macron as his party client and historic majority in legislature. The public on the move is on track to win more seats in the national assembly. That would be the biggest majority in 15 years. The turnout of about 44 is the lowest ever for a french legislative election. Theu. S. Navy has identified seven sailors who died when the ship crashed with a container. Divers recovered the bodies after the severely damaged uss fitzgerald returned to the base in japan, aided by tugboat. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Here are just some of the highlights for the week ahead on this monday. As mentioned, the Paris Air Show gets underway today. State opening of u. K. Parliament is set for wednesday and that will be a to your parliament. On thursday, youre being Union Leaders start a summit where they discuss the relocation of eu agencies after brexit. Yours truly will be headed to brussels for that. In brussels, brexit talks begin today. We are watching out for appearances by the fed policymakers William Dudley and Charles Evans stateside. Lets get to our mliv team in singapore. What are we expecting from the very hawkish, surprisingly week . H fed last what are we expecting to hear from the governors this week . This will be an opportunity for officials to get the market and fed on the same page which they do not seem to be. There is a bunch of stuff happening in the trade market that you would associate with a period of cutting rates, but they are raising. We had fed president kashkari explaining why it he thought the fed should wait. He thought inflation was moving downward away from the fed target. So the fed and treasury market are not on the same page. To raise rates this year and the treasury market is signaling it will not happen. Those two have to come together somehow. Matt there was a lot of chatter after the decision not sweet about a fed error, probably referring to Janet Yellens tone. What are you hearing about the markets and what is the outlook for treasuries . Guest this talk of an error or policy mistake is cropping up in a bunch of weakened research. Askari y that as kashkari said, and he is the one that dissented from the decision to raise rates, the fed is raising rates in a. Period where they should maybe cause and breakeven rates are falling, showing inflation rates are showing. Slowing. If its right and its slowing inflation, then its all to the good for treasury bonds. Matt tech stocks are some of the biggest gainers. We had an amazing story going into the weekend with amazon depending on how you see that. Is the tech wreck over . Is the Viktor Troicki drop we saw, the big scare, done . Guest here in asia today, technology was the best performing part of the stock market. Gainers,couple of the samsung electronics. Wasby the way, some of that related to the idea that grant prices are rising. At the nasdaq index, certainly down from the high and nobody would want that to happen, but if you look at the longterm chart, its close to what is happening. Its looking like the tech wreck is turning out to not be so bad. Mliv was goodman there, blog reporter. At mlivfollow insights. Know to only way i start my day. The first thing i fit on the bloomberg terminal. You can watch the Program Using tv. Check it out here, as well as the video stream of what we have on this program, you can follow our charts, get the buyout from our guests, see the functions we are using, then at the bottom of the screen you can ask our guests a question. They will give us any questions you want to include forever guests. You can become an interactive art of the show and you can also ideas here to bloomberg directly. We are like at the Paris Air Show where we will speak to some of the top names in aerospace engineering, including the ceo of boeing and airbus. This is bloomberg. The opening 18 minutes away. Matt you are looking at live pictures of north london where hours ago, a van hit people leaving a mosque, killing at least one person. We will keep you updated as this story developed, but theresa may said it will be approached by the u. K. Police as an act of terrorism. We are also getting headlines across the bloomberg terminal right now on michael gove as we enter into the brexit negotiations here in brussels. Attack,t the terrorist he said it is an unspeakable act of evil echoing what we have heard from a number of other u. K. Officials. An unspeakable act of evil according to u. K. s michael gove. We want to get the bloombergs business flash from Juliette Saly. Chinas high prices increase in fewer cities last month in the wake of calling measures in local authorities. New home prices gained from the previous month in 56 of 70 cities trashed by the government compared by 58 in april. Prices felt fell in nine cities. That often prices for the second time in three months. The slowdown may continue, thats according to randall, which said prices dropped since june, the biggest since 2010. Prices went to 4. 1 . Boeing has signaled its intent to offer a jet in almost four years. Get thehorse is set to goahead at the air show today. Its confident the plane can compete with rival airbusbigger model. That is your Bloomberg Business flash. Sincealmost a year britain voted to leave the European Union. There is confusion about what the u. K. Government wants from the divorce. The most obligated negotiation of all time starts at 10 00 a. M. U. K. Time, 11 00 on the clock net with theresa may on the back foot. The talks are being held in brussels, thats where bloomberg joins us. What issues are on top of the agenda this morning . Guest the eu wants to focus on the separation issues, thats the main thing for them. The u. K. Em for them is position is still in flux. After theresa mays election difficulty, the tories are still try to figure out what they will be doing. They go into these negotiations not knowing where the u. K. Is positioning itself. Theresa mays initial hard brexit position is going to soften, but how much . Is the u. K. Going to be bringing anything to the table here . Matt how will these talks be structured . Is the discussion of that going to be talked about . Guest it will be part of todays agenda for sure. They had a pulmonary idea that michelle bonnier and the maintenance of share is on each side will meet every four weeks is to face. Todays meeting in brussels is the first of that. Between those sessions every four weeks, their teams will be getting together and hashing out all of the details. This morning we have born gay thedavis and then we have first Group Meetings of their teams to get started with these things and then a press conference by them about 6 00 our time. Matt in addition to the election disaster that we had with theresa may a couple weeks ago, he faces other domestic problems in the u. K. What does it mean for how the brexit talks get along . Guest they are trying in brussels to say, this is the most important thing, we have to push forward on this. The matter isf things are still being worked out in london. They will try to focus on the initial things and then what the eu is calling the separation issues. That is the brexit bill and citizens of rights. They will probably be able to do citizens of rights fairly quickly. Expecto early to anything today, but early in negotiations, they will focus on Citizens Rights and brexit bills. At this point, they are still far apart in terms of initial positions, but that will be one of the main things early on as we go forward. Joes hated in brussels, im sure a very busy day for you. I appreciate your time. Show, guyis air johnson is there with the president and ceo of blowing thats coming up. Dont want to miss it. This is bloomberg. Matt we are showing you live pictures of north london where hours ago, a van hit muslims leaving a mosque, killing at least one person. Theresa may said the police will treat this as a terrorist attack and the mayor of london has said it is a horrible terrorist attack. We will keep you updated with any new details that come across this horrible tragedy. And one of now many that have unfolded in london and the u. K. In the last couple months. Lets go to the Paris Air Show right now. Johnson is standing by with a guest. Guy, taken away. Are joined by the ceo of boeing. Good morning. Guest good morning. Guy everything i read that we will not see much coming through. You said we will see a few surprises. The Financial Community is underestimating what we will see and what we can deliver . Guest there is upside this week. Trillion market over the next few years. We are expecting a book to build up about one and we have 57 commercial airplanes in backlog. That longterm backlog really gives strength to the marketplace, strength to our operations. Guy and this will deliver more as well . We will be week highlighting the macs family, we have the next nine flying but we expect to have some mac 10 as well. We are also seeing incremental wifi opportunities of it guy lets talk about it for a moment. We are waiting for the bell to be run on the arrival of the 10, which is the news you will deliver for us later on. Is,questions surrounding it they wanted the 10 for a wild. Why is it taking you so long to respond to a neothat has been flying out of the door . Guest if you look at the heart of the market, it continues to be there. In act lock 747s and because of that, we are ramping up a production rate 57 a month in 2019. The mac 10 will add to that. Even against this current rent up, we are oversold. The timing of the marketplace is good. Available inthe 10 2020 and that will at longterm values for our customers. I imagine the engineering challenge is not difficult. Do you think it may end up cannibalizing some of the nine . We will have some conversions, which is normal. But the key is, we have a family approach snap. Our customers can operate across the mac 7, 8. Nine, and 10. That maximizes your operations. Someone called it the 797. I heard seven and seven. I have heard mom. Sort of the replacement aircraft. A lot of people are talking about it. When dealing think you will have forward sign off on that . Guest right now we are in the phase of evaluating the market, talking to customers to gauge their interest in this middle of the market space. We see a need for an airplane that is larger than the 757 and longer range. Seats, rough order of magnitude. Potentially to end child solution. We are looking at different options satisfy it. Ourre focused on what customers are looking for, evaluating the market, making the Business Case work, but we see a potential market for 4000 aircraft. We will do our due diligence. Be 2024,this, it will 2025 entry into service, so we have time to do it right. If we do this development program, it will be on the backside of triple seven next. Guy lets talk politics. Qatar first of all. On defense. T cited do you think there is the potential for cancellations, deferrals . How closely are you monitoring that . Guest we are keeping a close eye on the situation. The United States and qatar relationship is important to us. Our customers in Qatar Airways are important to us. We have a backlog there. We are seeing stability there in the long run, that relationship will be worked out. Good sign post last month with the u. S. Signing the deal with f15s in qatar. The relationship is strong, there are issues to work through, but we are hoping the relationship will remain solid and we know we have an Important Role to play in that. We will continue to serve our customers. , you haveresident been quite close with the president so i him curious to get your take on it. Are we going to get deregulation . Reform,oing to get tax all the things that we are clamoring for . We havent seen much of it. What feedback are you getting . Guest we are seeing progress. Reale already seeing tangible progress. The great thing is that President Trump and the administration has a seat at the table. We have an open dialogue we are engaged. Tax reform, regulatory reform, still a lot of work to go, we are hopeful that tax reform will happen, but i am seeing progress. On the regulatory front, we are seeing tangible progress to make our business more efficient. Guy thank you for stopping by to see us. That was the ceo of boeing. We are going to speak to the vicechairman of the ge next. We will be speaking to qatar later. From airbus, back to you. Matt thats very much. Guy johnson at the Paris Air Show that is absolutely fascinating and also set to become a little bit more political than it typically is. We have just about 15 seconds until the cash trade in european stock market opens up. The futures are up across the board after a strong friday. Indicating we could get a positive open on this monday as well. Stocks are now kicking off. At guys chart. Ok the interesting thing is, you have thursday and fridays trade already there. You can see the jump up from thursday to friday and as we see when we open up on monday, the chart clients higher and higher were all the indexes that we have here. In white, the ftse 100, in blue the cac 40, in yellow the dax, and the yellow is the italian index, all of them climbing right now from the close on friday which client on that date from the close on thursday. Big, butins, well not real gains across the board. 5 is what we are seeing there. Lets go right now to anna for the open. What have you got here . Anna we have put some of the equity trade in context. I am struck by the divergent views we have heard in the first half of programming. Spoke to a couple guests and got really different perspectives on u. K. Assets where people think it will be a softer or harder or pragmatic or fake brexit. Very different views in the market about where that brexit conversation goes. Different views on the u. K. Economy, as well. There is a stagflation in the u. K. And a chart we showed was screaming stagflation. We have heard varying views. Addressto Mansion House and it will take place tomorrow. A few clues on the fiscal spending side. For the moment, here is the open on the gilt market. Yield sinking just a little bit higher on the u. K. 10year. Lets move on to the u. K. Equity pitcher. The markets are moving higher. Asian equities were strong in todays session. We are up by 6 10 of a percent. Some of the material stocks are doing well in the early minutes. Some of the material stocks are doing well in the early minutes. Before the european stocks have a strong day, once again we had a strong session coming through it europe. We saw a car stocks doing good. All of that was despite the fact we saw weakness in the u. S. Section, at least flat to negative in the u. S. Section. Its the transatlantic divide. Lets look at the shanghai mark