Queen Elizabeth Ii, Bloomberg, Jerome Powell discussed on Bloomberg Daybreak Europe


The European looking ahead towards the start of European trading in just over 40 minutes time the earth starts 50 futures are a tenth of 1% higher Wall Street futures three tenths higher as well. Oil prices remaining really with those falls that we've seen over the course of the past week, WTI is up by four tenths of 1% but trading at $83, 86 while Brent is just below $90 a barrel up by 6 tenths of 1% this morning. That is your Bloomberg radio business flash. Now here's a way to with today's top stories. Good morning adrena. Thank you, Stephen. Queen Elizabeth II has died at the age of 96, her eldest son Charles succeeded her on the throne as King Charles the third. The queen passed away peacefully at her state in balmoral, Scotland yesterday afternoon, according to a statement from Buckingham Palace, ascending to the throne in 1952, Queen Elizabeth II was Britain's longest serving monarch, leading the country from the age of steam to the smartphone era. Turning to other news this morning, Federal Reserve chair Jerome Powell says officials won't flinch in the battle to curb inflation, hardening expectations that the Central Bank will deliver a third straight jumbo rate hike later this month. The federal next to me on the 20th and 21st of September, analysts at Bank of America, Barclays and Jeffries are all now predicting predicting a rate rise of 75 basis points. Bloomberg has landed at ECB officials are prepared to deliver another jumbo rate high in October. If the inflation outlook warrants it, sources say both hawks and Doug's at the governing council are open to a potential repeat of Thursday 75 basis point hike. Bloomberg also understands officials may discuss shrinking their €5 trillion stash of bonds at their non policy meeting next month. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries I'm edwina Tyra. This is Bloomberg. Thank you Adriana. Now let us return to the coverage of the death of Queen Elizabeth II national mourning, joining us now is doctor Elena woodacre, who is redoing renaissance history at the university of Winchester, and also a specialist on female monarchs. The phrase historic is often overused, but it really does feel appropriate today. How do you think the history books are going to remember Elizabeth II? Good morning. Yes, this is a truly historic occasion. And you're absolutely right and that's queen is made indelible mark on history as the longest serving Mark man or female in the British Isles of the second longest full stop in monarchical history. One of the reasons that she is so widely revered is the fact that she has a peel across generations and I'm wondering what your reflections are of this idea of the queen is this constant point of certainty in British life. Absolutely. As a prime minister, said last night that she was The Rock upon which modern Britain has been built and her 70 year reign has seen so much change internationally globally, but particularly in the history of this country and the queen has been a constant throughout all of that throughout all of these shifts times turbulence, turbulent politically turbulence in our own family, the queen has remained constant. She has remained serving she's remained completely attached to her duty, even to the very, very end of her life, literally serving her last duty only days before her death. So her constancy, her service, her continuity, if you like, that she provided for the nation during all of this change. I think people had such affection and respect for her for everything that she did for that life of service that she committed to at the very beginning of her reign. Yeah, and I mentioned Ellie that you are specialists in a female monarchs. And I think it's not lost on us that we now have a third female prime minister in Britain. The queen meant a great deal she was mother and grandmother and a female head of state that most unusual. Absolutely, and obviously this country has a particular affinity, if you like. For regnant queens doing right back to we could say married Tudor or Lady Jane Grey in the 16th century and even Winston Churchill on the queen's Succession, commented on how Britain has always been kind of lucky and it's regent queens. Think of Elizabeth I as well another long serving and very kind of significant historical monarch who gave her name to the first elizabethan age. And of course, Queen Victoria as well. So yes, her that maternal nature. Again, she came to the throne as kind of a glamorous young woman. And then of course, became kind of mother and again, grandmother to the nation as well. So yes, that kind of female side of her made her perhaps more approachable in a way as well. Does that mean that there will be a change in the monarchy now that we have King Charles the third? Absolutely. Everything is going to feel significantly different. We are going to just be changing everything from her majesties to his majesty's from God save the Queen to God save the king. Just right in the literal nomenclature. There's going to be a change, which is going to be significant. But yes, there is a huge difference from when the queen on her accession again is the glamorous young woman through the nation where they took to their hearts and obviously Charles is in a very different position. We've obviously grown up voice Charles. We've seen him, you know, from birth to now being 74 years old and taking on the governance. And of course, there's an interesting echo here, perhaps between Queen Victoria and her own son who was a long waiting kind of Prince of Wales waiting to become king. So perhaps we have this new Caroline age, just as we edwardian age at the beginning of the 20th century. Doctor Alina Whitaker, thank you so much for being with us this morning. We do in renaissance history at the university of Winchester and especially on female monarchs. I think putting the reign of Queen Elizabeth II really in the very long historic context of Britain. And really interesting reflections as well on the nature of her monarchy and what she brought to it as well. Really interesting reflections there from doctor Whitaker. Straight ahead on Bloomberg daybreak, Europe. We will

Coming up next