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That's the power of global connections, Merrill Lynch Pierce Fenner and Smith, Inc. Member SIPC. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

Daily, we bring you insight from the best in economics finance investment and

international relations find Bloomberg surveillance on iTunes sound

cloud Bloomberg.com and of course on the Bloomberg.

We have a special guest in London, David.

Yes, Phil Embowder, the Global Chief of Economist, the Disney Group joins us from there.

We miss having him here in our Bloomberg 1130 studios in New York, but great to have you with us from London.

There is such symbolism to this moment when we see this letter being delivered to Donald Tusk, the EU Council,

at present. What notionally changes as a result of this? And indeed we have the symbolism.

What's going to change with regard to the economy when this letter is delivered.

The clock starts ticking unless a miracle happens, Britain will be out of the

this will concentrate the mind we'll see the opening bid of the

opening bid of the British government in that letter and we'll get I think also quite publicly I would

expect the initial response of the European Council and the Commission and indeed the European Parliament,

which of course has to approve the whole deal.

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