19 Burst results for "Bloomberg Westminster"

"bloomberg westminster" Discussed on TuneInPOC

TuneInPOC

02:22 min | 2 months ago

"bloomberg westminster" Discussed on TuneInPOC

"Results. Okay, those are some of our top stories. Let's go to one of our big interviews now. It looks like plan B restrictions so work from home advice and mask wearing are here to stay a while longer, but Boris Johnson is in no hurry to tighten curbs. Despite several hospitals declaring critical incidents this week and the prime minister urging caution on Bloomberg Westminster yesterday your impulse and I spoke to James grey instead of MP for north Wiltshire, gray voted for the plan B measures in parliament, even as many of his colleagues rebelled against them. And we asked him whether he thought the messaging from the government about omicron

Bloomberg Westminster Boris Johnson James grey north Wiltshire
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:02 min | 7 months ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Just not the conservative way Never mind how angry energy bosses are about all of this Yeah absolutely and the opposition of course talking about the government dithering dithering delay This is their kind of characterization isn't it of the government so you have Rachel Reeves the shadow Chancellor talking about that yesterday Yeah So a bit of a raid then on the oil and gas firms but where does the rest of the money come There's quite a big gap isn't there Borrowing in a word The package is going to drive government borrowing back above a 100 billion pounds this year and this is at a time when growth is weaker than expected so that's robbing soon I could have tax receipts It's also at a time of higher inflation higher interest rates adding billions of pounds to the cost of debt servicing so it's a nightmare really for the public finances But as I say growth would have been even weaker without it Yeah okay Lizzie interesting that we're looking at some of the other reactions to that announcement of the windfall tax from other energy companies as a story on the terminal takes in not only we were talking about BP but we've also got a statement from Shell and quest as well which produces more than 90% of its oil and gas in the UK saying it was disappointed with the implementation mechanics of the new levy so as you can imagine the industry in a bit of I suppose trying to react to all of that Yeah and also of course this choice quote from a conservative MP who's been on Bloomberg Westminster with us in the past Richard drax saying that the Chancellor is throwing red meat to the socialists I mean that's quite a kind of rhetorical phrase to use That raising taxes on business and telling them where to invest is not the way to do things Yes but when you see the opposition Labor Party and saying that the worst criticism is we'd have done it but we'd have done it more Yeah Okay And they weren't alone as well I mean it wasn't just labor to the S&P was also supporting this as well and of course a lot of that oil and gas businesses are in their own backyard Yeah I mean having said that I do think that there has been kind of a change quite a seismic change in terms of how the oil and gas companies have responded this time around And they were trying to explain that there would be there would be investment in the UK So they tried to get ahead of the story You're smiling Lizzie I'm smiling because people in the government are blaming the BP CEO Bernard Looney for previously saying that a windfall tax wouldn't affect BP's investment plans now BP says it'll look again at its plans in the UK so make your mind up Well and also look again is not a decision on withdrawing the money yet Anyway there's still a long way for this to run isn't there And you'll continue to follow it for us So really appreciate you coming on Bloomberg radio this morning That's our UK economy reporter Lizzie burden Yeah we're going to be talking a lot more about that Of course over the coming days with Bloomberg Westminster as well Of course as we speak to MPs every day here at midday on Bloomberg radio to get the latest political reaction to that too Coming up we'll be getting into the latest market moves we're about 20 minutes away from the start of trading here in Europe Euro stocks.

Rachel Reeves Bloomberg Westminster BP Lizzie Richard drax UK Bernard Looney Labor Party Shell Bloomberg radio S Europe
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:07 min | 8 months ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Year that's going to weigh on demand and that's going to push up and employment So you may see some signs of this kind of fade in I think we've got data next week coming out on jobs and the official data is quite lagging It doesn't really give us enough to date picture of what's going on but I think most people expect there to be a kind of gradual easing of these pressures throughout the year You mentioned the economically inactive Again that's sort of a fairly long running story for the UK or at least in recent times it is Again what could attract those people back into the labor market Is it a question of more training education skills Because that's also a big problem for the UK Or could it be that those starting salaries actually attract some extra people back into the workforce Yeah I think there's been a focus on skills in the UK for quite a long time You lose track in the number of budgets and statements and the Chancellor where there are let's talk about this great investment in skills and that kind of thing I mean I think the reasons people have for being interactive aren't always that straightforward my colleague fell asleep in a fair bit about this about how the recent increase has been driven by things like health concerns and tickly mental health So that's obviously a very tricky thing to sort out for a chance to kind of policy alone So yeah I mean I think they've been trying to answer these questions for quite some time and we'll probably carry on trying to run to them for quite a long way in the future I guess And David you also have been writing about soaring energy bills Interestingly something we don't talk about that much is the threat not just to consumers which we know about but also to companies in the UK Yeah definitely I mean when you talk about energy all the focus is on households and we obviously have the price cap go up and that's got a lot of focus I think for companies themselves they're far more exposed to the energy market than households are they some of them are going to hedge but if you're a smaller business you don't really have that capacity so much So it's a more instantaneous pass through for them And I think that's a real problem And that's we had today showing that for 9 out of ten companies they see rising energy bills as they kind of biggest threat which I guess is no surprise given what the backdrop is and given how changeable the energy market is right now Yeah it really is a tricky moment isn't it Thank you so much David for being with us this morning I was speaking of which we've got a lovely special program actually on at 12 noon today on Bloomberg Westminster which is our political program But we've got some great guests including from the offshore energies UK group which is kind of a representative of offshore energy but also that includes oil and gas of course did to meet will be joining us and Luke Murphy from the IPPR after we got the energy strategy from the government this week year and so that's you and me at 12 noon Bloomberg Westminster and you can download a podcast of it too Yeah look forward to that That was that long awaited energy strategy from the government more nuclear and also more offshore winds we tried to move away from dependence on fossil fuels And of course tackle that massive problem of rising bills That's coming up at 12 o'clock as you mentioned Caroline Coming up today coming up next on the Bloomberg day We're going to talk about the French presidential election Sunday voting begins.

UK Bloomberg Westminster David Luke Murphy IPPR government Caroline
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:08 min | 9 months ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"For this year that could maybe be well under the cost of inflation Well I mean if inflation plan I mean the government has been more than 3% in the payroll this year So if that is going to happen and we hope to review bodies take the different views then you're basically saying to people that pay rise would be wiped out and more because of the inflation And I think I would be less than concerned about industrial action and more concerned about the sheer loss of stock we would experience if paid doesn't even attempt to keep up with inflation We talked a bit about the market rate to pay actually quite a lot of NHS jobs on fairly vulnerable to improved pay in the retail sector and the very often you do be an immediate impact in health and social care if you opportunities open up in retail So I think that could be very damaging So that was John resto speaking to us on Bloomberg Westminster talking about the dilemma for the NHS the long road to try to dig the health service in the UK out of the pandemic whole There are simply so many backlogged cases So also on Bloomberg Westminster today at lunchtime we're going to be speaking to the conservative MP for north Wiltshire that's James gray and we'll be finding out what British people are actually thinking at the moment with kantar public UK's CEO Craig Watkins this of course after we had appearances yesterday from both Rishi sunak the chance of having to defend his spring statement last week he was defending that in front of a treasury select committee that was pretty pointed in its criticism of him Asking him whether he really is a tax cutting Chancellor he had to defend himself on that And also Andrew Bailey was speaking in Europe yesterday saying that the UK is facing an historic hit to real incomes that will weigh on demand and growth in Britain and also start to pull down domestically generated inflation.

Bloomberg Westminster John resto Craig Watkins Rishi sunak north Wiltshire James gray UK treasury select committee Andrew Bailey Europe Britain
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 9 months ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Issues around vat the green levees the warm homes funds But another one that has also been flagged significantly is the idea of a windfall tax on oil and gas profits Is the industry expecting that from the Chancellor how much would it help do you think We don't know whether or not the chance that we will do that it seems fairly unlikely but in the case that they do how much it will help it depend entirely on the scale of that windfall tax It depends on how it is attributed as well If it is just a blanket blanket refund to consumers that will be less effective than targeted support for vulnerable consumers But every consumer is going to suffer more in terms of cost of energy Because the cost is simply rising So it's completely down to how the Chancellor does it and what scale they do that at So that was Charles wood the deputy director of policy at energy UK the leading energy industry trade association You can listen to our full energy special Bloomberg Westminster as a podcast It's on our Bloomberg website or download it at Apple music or your preferred radio app today well worth listening to that as we expect Boris Johnson to come up with a full energy security plan this month Also we'll have much more in terms of but if politics at 12 noon on Bloomberg Westminster I'll be speaking to the labor MP Janet Davy who represents the British Iranian national and nusha asuri who was of course released to the UK from Iran alongside nazanin zagari Radcliffe just last week also Chile osuji is the former International Criminal Court president and judge So that also live at 12 noon on Bloomberg Westminster So on the war in Ukraine catch it live at 12 noon Now coming up next on Bloomberg daybreak Europe Obviously speaking to Martin Malone the chief economic adviser at Alphabet what are the off ramps now for Vladimir Putin And how are markets.

Bloomberg Westminster leading energy industry trade Charles wood Janet Davy British Iranian national nusha asuri Boris Johnson nazanin zagari Radcliffe UK Bloomberg Chile osuji Apple International Criminal Court Iran Martin Malone Ukraine Europe Vladimir Putin
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | 9 months ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Dependent on oil and gas And the government's got to get its energy policy right but in the short term it's got to help people face with these crippling costs of energy And just finally quickly on the prospect that energy could then also have a knock on effect to inflation Do you think that there is a serious concern for instance on things like food prices as well Oh we're seeing food prices go up motoring costs go up heating Costco up general inflation I'm afraid is going up up and up And all the government seems to be doing in responses to putting people's taxes up at the same time That's why I live in Democrats have called for a whole package of meshes to help the less well off Plus a cut in vat across the board A tax cut that would give 600 pounds for every household would actually cut inflation would boost the high street That's a sort of bold measure we need to see in response to this emergency We need an emergency budget with those sorts of bold measures to help families and help our economy because they're taking a big hit So that was the Liberal Democrat leader Ed Davey on his visit to Poland talking about what he thinks the British government should be doing in terms of helping refugees will be talking about this further on Bloomberg Westminster today 12 new lunchtime that is our deep dive into UK politics that we do every day The labor MP Andy MacDonald will be joining me We had of course the conservative MP Cheryl in McCrory on yesterday on this very issue She was saying that her constituents are.

Costco Ed Davey government Bloomberg Westminster British government Poland Andy MacDonald MP Cheryl UK McCrory
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:18 min | 10 months ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"The which is what we do NATO is a peaceful organization not a warmongering one Conservative MP Richard drax speaking to me yesterday NATO is a peaceful organization not a warning one Conservative MP Richard drax speaking to me yesterday We are on day two of course of the Russian invasion of Ukraine We will continue coverage in terms of British politics on Bloomberg Westminster at lunchtime 12 noon today will be following the story What it means for NATO with our reporters in Moscow and here in London will also be speaking to Jeremy Shapiro who is research director at the European council on foreign relations war comes to Europe So catch that live 12 new UK time download the podcast later on Apple music or your preferred radio app We will continue our coverage and I'll be speaking to sweeter ramachandran who is investment manager for global equities at gam Russia continues attacks both on military and civilian targets in Ukraine advancing closer to Ukraine's capital Kyiv This is Bloomberg Markets headlines and breaking news 24 hours a day Dot com the Bloomberg business app Quick take This is a Bloomberg business flash For Bloomberg's European headquarters here in London I'm Caroline Hepburn with this Bloomberg radio business flash the U.S. EU UK have sanctioned Russia measures that could trigger a domestic recession according to economies wheat prices have soared to the highest since 2008 war in Ukraine also risks displacing a million people into Europe Russia has banned British planes from its airspace effective immediately In terms of the markets this morning though you've got by the dip moves it would see because we're up 1.1% for European stocks after the shock that wiped out 33% of Russia's domestic stock exchange the moa X that rebounds 14.3% right now The 4100 also up by one and a half percent the smaller gain of 7 tenths of 1% But we feel it and most keenly in the commodities market of course Russia Ukraine so key to those gold aluminium copper nickel food prices of all spite gold trades at 1910.

Richard drax NATO Ukraine Bloomberg Westminster Bloomberg Jeremy Shapiro European council on foreign re Bloomberg Markets Russia Caroline Hepburn ramachandran London gam Moscow Europe UK Apple
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:52 min | 11 months ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"I think our plans for using those in gas surcharge are that would have windfall tax would have helped us a great deal and gone a little bit further towards attacking that huge height in bills But this is really the sorry tale of failure to manage the market allowing our storage systems to go by the buy And barely to invest in installation in our properties we should have been doing this for years and reducing those bills and investing much more heavily in renewable industries where we're coming to it now but we're still lagging behind some of our European trends and we should be we should be cracking on with this at first So that was the labor MP for Middlesbrough Andie MacDonald's speaking to us on Bloomberg Westminster reacting to the leveling up proposals from the government for Michael gove This was really the plan that won the government the vote in 2019 and its sizable majority We'll talk a lot more about politics today Tim Lawton the conservative MP for east worthing and sharing will be joining me Partly we're getting the policy blitz because the prime minister perhaps is under pressure You've got 13 now Conservative MPs his own backbenchers calling for him to resign and this also inflation already at a 30 year high So that's the other issue We're going to perhaps hear from the government today in response to off gems increase to the price cap which some see is perhaps up 50% for household energy bills What will the government do about it The telegraph reporting that Rishi sunak is considering loans to energy companies try to dampen down the effect and what will the Bank of England do about all of this not really within its remit but of course dealing with inflation is So Bloomberg's Lizzie Byrne will be back later on in the program to tell us more Pretty much baked into the.

Andie MacDonald Bloomberg Westminster Tim Lawton east worthing Michael gove Rishi sunak Bank of England Lizzie Byrne Bloomberg
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:48 min | 11 months ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Lean guerin's good morning And a good morning and thank you here in the UK the crisis engulfing Boris Johnson is escalating The findings of an investigation into social gatherings at Downing Street during lockdown are expected this week with reports that could be published as soon as today It is understood Sue grace inquiry has received photographs featuring Boris Johnson and others at parties next to wine bottles that release Scotland Yard has launched a place investigation a decision the prime minister is indeed welcoming conservative MP Simon hoe expressed his frustration on Bloomberg Westminster Well it's looking increasingly gloomy and increasing the difficult and I think anybody who either believes or things to the concrete is the leading themselves Meanwhile hall also said that among his constituents there is white hot anger There is bewilderment and there is huge disappointment Now when it comes to the latest in Ukraine president Joe Biden has indicated there is no plan to send U.S. troops into the country Bloomberg's Ed Baxter has more President Biden says he may move troops around and closer to Ukraine to be prepared for any eventuality but we have no intention of putting American forces on data forces in Ukraine But as I said they're going to be serious economic consequences if he moves Biden also says Russia he believes understands how much of an enormous deal this is globally and says if Russia invades he would favor personal sanctions on Vladimir Putin In San Francisco I'm at Baxter Bloomberg daybreak Europe Staying in the U.S. the Federal Reserve wraps up the year's first policy meeting Bloomberg's Michael McKee has the preview Beneficials aren't going to be raising the cost of borrowing at this meeting Instead they'll suggest interest rates will be going up soon Investors think that will be in March The fed's current target rate is essentially zero Policymakers will try to figure out how much it has to go up in order to bring inflation down to their 2% target for more than 5% today But don't expect them to publish a road map to how fast and how far rates will move and when and how and by how much the balance sheet will shrink Expect chair Jay Powell to say that with geopolitical tensions supply chain problems and the COVID virus ever present The fed will have to remain flexible deciding policy on a meeting by meeting basis Michael McKee Bloomberg daybreak Europe And in earnings news Microsoft's forecast for revenue in the current quarter was a relief to investors more from Bloomberg's Doug Krishna The company reported after the bell and the focus was on the Azure cloud computing business For the last quarter revenue at the unit decelerated from the two prior quarters and that weakened Microsoft shares in late trading but then on the call with analysts the company said the Azure sales growth rate would pick up in the current quarter excluding the impact of currency fluctuations shares then recovered Microsoft CEO Satya Nadella has turned the Azure business into a solid number two behind Amazon Alphabet's Google ranks third but it's adding resources to catch up In New York on Doug Kushner Bloomberg daybreak Europe Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists Santa analysts in more than 120 countries This is Bloomberg Anna Thank you very much Leanne Yeah really important The Microsoft numbers after hours in terms of sentiment for the tech sector So of course we've seen a lot of tech selling yesterday There was no different we were down by more than 2% on the NASDAQ That was in session of course the Microsoft numbers came after session and perhaps that has improved sentiment a little bit We see the NASDAQ futures up by 1% this morning So a lot of focus on the tech sector And of course the Microsoft numbers come ahead of other numbers for the sector So we are expecting to hear from Tesla in the likes of will have plenty more to talk about when it comes to technology as we go through as we go through the days ahead Now also in focus four markets of course is geopolitical tension We continue to watch what's happening there We'll bring you the latest on that We're watching what's happening with the ruble of course that's been a big focus for investors perhaps we've seen a little bit of a pause in the ruble selling as a result of some of the reporting that suggests that the swift payment system might not be in the mix when it comes to sanctions against Russia but we'll have to wait and see what those sanctions would look like if there were to be an invasion Now we want to focus a little more on things that are moving around in connection with geopolitics to one of Bloomberg's top interviews oil and gas flows aren't likely to be significantly impacted from the tensions building in Ukraine This is according to Goldman Sachs global head of commodities research Jeff curry tells moon by TV's cherry on and Paul Allen that the base case is no disruption Our base case is no disruption It's very unlikely If you think about there's two sources of a disruption sanctions or an accident I'm not going to try to forecast the next Ukraine or something like that But if we think about the sanction imposed disruption I like to call its mutually assured destruction It's not in the interest of any party to stop flows of energy through Ukraine or even into Western Europe Just given the fact that you're so dependent upon it and Russia is very dependent upon those sales And so when we think about you could get an upside here you know in terms of thinking about oil it's probably worth maybe $2 a barrel And on natural gas you know $4 in MMBTU But the other one to watch there is also great That's right So how do you see this unfolding for those energy starved countries especially in Europe Well you know if you did end up seeing some type of a significant disruption the market is extremely tight right now Inventories are low which means the market was very much exposed to even the smallest type of disruption because remember they're already as an energy crisis in Europe which is part of the reason why you would argue Putin is positioning himself over Ukraine in the current environment But even the oil market on a global basis inventories very low spare capacity being exhausted which also leaves the market very much exposed If I want to emphasize oils a little bit different you can redirect it here Probably the biggest impact on the oil will be freight and tankers If you did see a disruption because you just move that pipe get oil that was going to Europe into the Baltics or.

Michael McKee Ukraine Bloomberg Boris Johnson Microsoft Sue grace Simon hoe Bloomberg Westminster Meanwhile hall Ed Baxter fed Baxter Bloomberg Biden Russia Jay Powell Doug Krishna guerin Satya Nadella
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 1 year ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"The general feeling that you take everything is able to just talk about COVID there They're not really on top of it they're always behind the curve and then the change this one thing one day and the next day has changed slightly the vaccine passports before against for a difficult So all of our children say yes but you know we will wait and see what happens on Thursday Certainly as I see we shouldn't be hopeful in because the amount of conservative majority but the reaction we are getting on the ground is very very strong Very strong Actually that's interesting And just briefly can we afford to re instigate the furlough program Do you think more bit more support should be put in place for business Absolutely Business think business is facing a stimulus situation The hospitality businesses are the ones who are first in line if you like because of the number of Christmas parties that have been canceled out of the blue But the other first important supplies evolved in turkey for the long run And major restaurants in London are talking about 50% cancellations already So business being support but not just hospitality It has to go away So that was Christine jardine the Liberal Democrat MP for Edinburgh west and talking of course about north shropshire the little Democrats are looking serious content perhaps for that by election seat We'll have much more British politics today on Bloomberg Westminster I'll be speaking to Anne Marie Morris who's a conservative MP for Newton abbot get the deal from her in terms of what happened in those parliamentary lobbies It was a very exciting evening yesterday catch it live 12 new today download the podcast from Apple music later Okay an intriguing time in UK politics for the latest in global.

Christine jardine Bloomberg Westminster north shropshire Anne Marie Morris turkey Edinburgh London Newton abbot Apple UK
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:51 min | 1 year ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"The rebels in the lobbies Well I certainly hope not I mean I think these restrictions are actually fairly mild Masks and the so called plan B we have been talking about for some weeks It's a COVID part of the lateral flow test that shows into major venues as being normal for many people for some time and it's certainly been the case in Wales And if we'd have done some of these before and earlier again then we might not be now facing this sort of immediate crisis only a few days before Christmas Do you think that the rules should be extended then to pubs to other venues to restaurants Do you think that the restrictions the plan B restriction should be widened even if it's not a full lockdown I think we have to hear from the government very clearly over the next few days But again they have to be cohered across the piece The hospitality industry in particular I mean I know restaurants here I am in Bristol Thousands of pounds every day as people are canceling People thinking to themselves do I want to risk Do I really want to save Christmas myself and my family And those businesses have to be supported as they were earlier with the furlough scheme and that very clear conversations and messages That was Karen Smith the labor MP for Bristol south speaking to us on plug Westminster yesterday Well the FT reporting that the confederation of British industry is calling it a lockdown by stealth We'll have much more British politics Bloomberg Westminster at 12 noon today lunchtime Jess Phillips the labor MP for Birmingham yardley will be with us a member of Keir Starmer's shadow cabinet She's a really key voice so do join us for that or download the podcast from Apple music or your preferred radio app It's on London DAB dish radio at 12 noon Right Leon Garret has the.

Bristol Wales Karen Smith British politics Bloomberg Wes Jess Phillips Birmingham yardley Keir Starmer Apple London Leon Garret
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:17 min | 1 year ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Much time on other interests on other areas of work at the detriment of representing their constituents and their parliamentary work So that was the conservative MP for Dudley south Mike Woods speaking to me on Bloomberg Westminster yesterday today we have a special program though for you Completely looking at the rail plans the future of rail after that integrated rail plan walls delivered to parliament yesterday We'll hear from Tony miles contributing editor for rail business UK and step Gordon from the rail delivery group So catch that live 12th Newton today or download the podcast later from Apple music or your preferred radio app Okay let's get all of the international news now with Leon Garrett Tom good morning and thank you the women's tennis association has told CNN it is willing to pull out of China if tennis star punk Shui safety is not accounted for and as sexual assault allegations investigated Pung has not been seen in public since early November when she accused a former Chinese vice premier of rape Serena Williams tweeted that she was devastated and shocked about the news Staying in China Wuhan wet market has reemerged as a likely origin of COVID-19 Bloomberg's Jason Gale has all those details The one arm market is back in focus after new research found the man thought to be the first identified case actually developed symptoms 8 days later than initially reported Confusion was caused by complications from dental work that made the 41 year old accountant sick That would make a female seafood seller the earliest known case according to a study in the general science scientists have yet to determine the origins of SARS CoV-2 debate about its genesis has centered around two competing ideas a laboratory escape or a spillover from animals In Melbourne on Jason Gale Bloomberg daybreak Europe London is warning the tube service is at risk of decline transport for London may have to cut peak services on some underground lines by as much as 25% If it can not plug budget holes cause by the pandemic the report predicts TfL's funding gap will be 6.6 billion pounds over the three years through fiscal 2025 If things do get worse as well as the tube cuts by services could also be reduced by 18% And China is preparing to reopen its border with Hong Kong Bloomberg's Natalie long has all the details The law awaited reopening of the Hong Kong China border were reportedly in the first week of December the South China morning post citing main artificial sources reported that a few hundred travelers from Hong Kong were initially allowed to enter Mainland China without quarantine And the daily quota could rise to a few thousand in the following months The accelerator timeline comes after months of negotiations between Beijing and Hong Kong In Hong Kong national Bloomberg daybreak Europe Global news 24 hours a day on air and on Bloomberg quick take Powered by more than 2700 journalists and analysts in will then 120 countries I'm Leanne guerins This is Bloomberg Caroline Thank you so much the and Geraint with the world news Now these sports around.

Dudley south Mike Woods Bloomberg Westminster Tony miles Leon Garrett Tom women's tennis association Pung Jason Gale China Bloomberg Jason Gale Bloomberg Serena Williams Wuhan Hong Kong parliament Gordon CNN tennis
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 1 year ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Process that the evidence was received and looked at he's got a chance to speak to the committee He was given the report and he had a chance to respond to the report and then the penalty was given And that's been a very fair process and accepted for four MPs up to now The way to have a change of the system would be now to and every year that committee does look at its own work thus say yes it could be better and does implement some changes That would have been the way to do it Not have a whole of the system It's like being taken up at work being found guilty of doing something And then asking for the whole HR department to leave en masse That's not the way to do it Does it do any damage then to other parties do you think I mean that was also a significant concern that actually in the eyes of voters perhaps MPs are not being held to high enough standards and that actually all parties including yours could end up sort of suffering from that Yeah I agree that lots of people will look at this and just say oh all MPs are on the make which is absolutely not what is happening Some MPs have full and follow up the rules have broken the rules have done the wrong thing but that should not tell all of us But inevitably it does I never believe people don't look at the who's voted for what size doing what they just think all MPs are disreputable And that is a dreadful situation where and I want everyone to get involved and more in our political and our politics to feel that we are representing them and we are doing that fairly And this is definitely a step back for that So that was fleur Anderson de labor MP for partney on Bloomberg Westminster talking about the controversy around lobbying and the government backtracking having to backtrack on it And of course we'll have much more on British politics and also the cop 26 summit on Bloomberg Westminster today because I'll be speaking to Chris stark who's the chief executive of the committee on climate change the independent body that advises government on climate change to catch that live toffe in UK time download the podcast later.

HR department fleur Anderson Bloomberg Westminster Chris stark committee on climate change UK
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 1 year ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"You shop in your site the minute you take it over you start paying business rates So you pay your first pound in business rates before a pound in profit Let alone actually a pound in turnover So it makes it harder to start make it more expensive to start And if you're thinking about creating this kind of new entrepreneurial pro enterprise culture where I'm accelerated person I don't know if you are but the system should be encouraging us to go out create a new business based on our talents and passions and then create jobs as a result But actually if you're looking at that now you'll be looking at going well my cost start immediately before I've even been able to build anything on my business So that's the reason why it's a particularly pernicious tax And then over time the tax has got worse and worse So it gives the government between 25 and 30 20 you talk to billion a year to the changes that reduce it by I think you mentioned 4.6 billion over 5 years That is a positive change But it's not radical and it's not fundamental So that was the federation of small businesses speaking about the budget last week to us Well we're going to have much more on British politics on Bloomberg Westminster today at lunchtime Mike wood the conservative MP for Dudley south will be joining me but also the political economist Caspian convent from berenger Interesting that Caspian talking about Chinese investment having far reaching implications for the UK's net zero commitments to catch that at 12 noon a UK time That's been a big Westminster Right let's go over to Bloomberg's Hana torches for collectors in one piece Thank you Caroline in Japan prime minister Julio kushida's party held onto his majority in the general election.

Bloomberg Westminster federation of small businesses Caspian convent Mike wood UK Bloomberg Julio kushida Caroline Japan
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:04 min | 1 year ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Money we've got great guests on that topic This morning from bright blue the toy think tank Joseph silk and then around lunchtime just before sunak stands up Tobias elwood the conservative MP will be joining us on Bloomberg Westminster The budget and the spending review so an important day in terms of the fiscal policies for the UK for the 12 months ahead as the Bank of England of course sets itself up for some tightening That is the expectation at least from market participants And that's for next week Well let's get into the markets briefly before we go to results so Australia's three year yield is surged This morning as much as 24 basis points after we got a huge jump in inflation a challenge for the RBA also we've seen the Aussie dollar climbing equities in Japan currently down by half of 1% for the topics right now also the hang seng's tech index slumping as much as 3.9% U.S. and China tensions are escalating again and as for S&P futures right now for the start of U.S. trading we're just about into positive use top 50 features there are down three tenths of 1% Tom We have some earnings as we mentioned in the headlines from Deutsche Bank So it looks like a pretty solid beat for the German lender third quarter net revenue coming in at over €6 billion The estimates were for 5.79 billion Third quarter fixed income and commodity sales currency sales and trading revenue you are looking at a number of 1.59 billion Again beating the estimates of 1.55 Deutsche Bank saying that it sees its full year group and core bank revenue essentially flat and it sees at least it's saying 25 billion Euros of brute revenue for 2022 Okay also results heading the Bloomberg terminal now DWS third quarter net inflows register at €12 billion That's well above the estimated 7.46 billion That's a key number we've been watching out for DWS third quarter revenue €664 million The estimate was for 627.3 million Of course the regulatory probes into DWS is sustainability disclosures So if we get more details on that we'll bring them to you And interesting to look at the results from BASF the chemicals maker in light of these high input costs that we're seeing across the board So they actually are raising their full year guidance after higher prices So they've been able to raise prices to offset those higher energy costs at BASF says it sees full year adjusted ebitda of 7.5 billion to €8 billion So that is slightly above previous guidance the German chemicals maker there Third quarter sales coming in at bar customers at close to €20 billion Okay those are the results this morning Let's go on to our top stories for you now And a raft of big tech earnings dominating this morning so shares of Google parent Alphabet fell in late trading after that company posted strong numbers for the third quarter But other business units came up short Bloomberg's Ed ludlow has the details Google search business is thriving in a robust advertising environment That boosted revenues excluding payments to partners to 53.6 billion above estimates but ad revenue from YouTube and Google's cloud sales both fell short The cloud unit is seeing growth but is lagging behind the likes of AWS and Microsoft while YouTube saw quote modest impacts from Apple's iOS privacy changes and ahead of the holiday quarter this supply chain constraints for the pixel 6 smartphone which is experiencing strong demand In San Francisco Ed ludlow Bloomberg daybreak Europe And it was the strongest showing from Microsoft the company's cloud based software helped drive robust sales and profit growth Bloomberg's Charlie pellet hands the details They topped analyst estimates for an 11th straight quarter revenue in the first quarter ending September 30th climbed 22% to $45.3 billion that exceeded the $43.9 billion average estimate of analysts polled by Bloomberg CEO Sutton Abdullah has extended the company's success in cloud computing by lining up a steady stream of deals for Azure software which stores data and runs applications for corporations Internet based office programs also keep growing as Microsoft convinces customers to pay up for high end versions and expanded contracts In New York Charlie pellet Bloomberg daybreak Europe And just some more form tech earnings Robinhood tumbled in late U.S. trading after reporting Third quarter revenue that fell short of estimates as cryptocurrency transactions plunged from the preceding period the COV tenev told Bloomberg that he's carefully watching crypto We're keeping a close eye on crypto as the regulatory landscape is increasingly uncertain We're aiming to deliver great new crypto features for customers while being mindful of keeping our platform safe and introducing products that comply with legal and regulatory requirements Crypto is still very early and we're excited to be investing in our platform here Robin Hood CEO of la tene F there and Twitter reported sales in user growth in line with estimates assigned the company's advertising business is weathering apple's new limits on consumer data collection Okay for more on the markets let's bring in Bloomberg's cross asset editor Joanna asinger Joanna the market's over in the U.S. closing again at records the future is pointing higher What did you make of the earnings particularly from those tech companies What stood out to you Anytime So it is it does seem like these big companies are really delivering in earnings right now And so that's got to be giving a lot of people comfort There was a lot of worry about how they would do And right now it looks pretty good You even had the blue chip like United parcel for service and General Electric doing pretty well So overall it's looking pretty good There are definite concerns The Texas Instruments talking about inventories Robinhood talking about coming in with lower revenues unexpected for instance But you have overall a pretty solid earnings season so far Okay so that on earnings But then the global story about inflation is reared its head in Australia took us through the core inflation numbers there Right So the corn inflation came .3 percentage points above what was expected And it's really speeding into Asian stocks today It's making them go a little bit lower Just people are focusing so much on inflation numbers and Australia has brought that to the surface again We aren't going to be getting away from it anytime soon So that's kind of contributing to a little bit weaker sentiment today It's kind of dominating things right now Okay Joanna Olson Bloomberg's cross asset editor giving us an update in the market the action and of course that focus on that jump in core inflation in Australia the impact saw a particularly on the three year yield over in Australia and we'll be watching how that flows through of course U.S. treasuries For real-time market commentary and analysis check out markets live that is M live ML IV on your Bloomberg terminal Okay meanwhile here in the UK the Chancellor Rishi sunak is promising to start preparing for a new post COVID economy as he sets out his budget and spending review today More than a dozen measures have already been pre released including an increase to the minimum wage and end to the public sector pay freeze and about 31 billion pounds of spending on healthcare skills transportation and border security will Bloomberg's Charles capel has more The Chancellor is still expected to announce plenty more measures that could include rolling back a levy on bank profits altering business rates supporting energy bills freezing alcohol duties or increasing fuel duty When.

Bloomberg DWS Ed ludlow Charlie pellet Joseph silk Tobias elwood Bloomberg Westminster Deutsche Bank BASF U.S. Google
"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:24 min | 1 year ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"On that focus on crime and antisocial behavior and interesting to hear Kirsten with the labor leader talking a lot about how he's priority is absolutely winning rather than holding the party together Lots to talk about that when it comes to the Labor Party well tune in for Bloomberg Westminster later Let's get the latest global news The morning Anna and Jess we start with the Labor Party as well So Keir Starmer will deliver his first conference speech as labor leader He'll promise to get labor back in business after the Corbyn years but this speech will focus on winning an election rather than unity That's as he faces criticism from the left and he's even lost one of his top ministers Japan's ruling party is electing a new leader a race that will decide who becomes the next prime minister It's down to a two way between vaccine Tsar Taro cono and former foreign minister fumio kushida results for the runoff in Tokyo are expected later in the afternoon the voting has just ended Turkish president Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin are set to meet later today for critical talks as the Syrian war takes center stage Bloomberg semin has the details from Istanbul The two leaders are set to discuss tensions in Syria's Idlib province Russia wants Turkey to separate Al-Qaeda linked militants from other rebels Turkey fares that an all out attack on Idlib by Russian backed Syrian forces could trigger a new refugee crisis on Turkey's part as one will ask Putin to stop Kurdish Milton attacks on Turkish soldiers and remove them from areas near the Turkish border In Istanbul simmon Denmark Bloomberg daybreak Europe And the UK is moving ahead with plans to allow gene editing for crops as part of a pro Brexit overhaul regulations will be eased to make research and development easier Gene editing can help develop crops that are more productive and beneficial to the environment Global news 24 hours a day on air and on vim a quick take powered by more than 2700 journalists and analysts in more than a 120 countries I'm Hannah George This is Bloomberg Caroline Thank you so much Hannah coming up next on blew back daybreak Europe David Cole chief economist at Julius bear joins us will ask what he's listening out for in the speakers at the.

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"bloomberg westminster" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:37 min | 1 year ago

"bloomberg westminster" Discussed on Bloomberg Radio New York

"Of the downside on the NASDAQ expecting to make up just a fraction of that in today's session We do have respite then from treasuries also a little respite from what's going on in commodity markets and oil prices oil prices just a little bit weaker We touched $80 a barrel Around this time yesterday in fact today we've just edged back away from those levels 77 79 is the Brent price Caroline Right let's go to our top stories now because the panic buying of fuel is showing early signs of easing here in the UK according to the government and industry figures Bloomberg's Charles cable has the details now The petrol retailers association said the crisis is easing and that fewer stations are out of fuel Boris Johnson urged people to start buying few normally as he pushed back against industry demands to issue more visas to foreign truckers He said he doesn't think people want to uncontrolled immigration again saying that it was leading to a low wage low skill approach without enough investment in people or equipment The government tried to shift the blame for the crisis away from Brexit Instead attributing it to a surge in demand from the pandemic and a misleading account of events that got leaked in London Charles cape or Greenberg day break Europe And now debt ceiling jitters Jerome Powell and Janet Yellen have warned a U.S. debt default would be catastrophic Here's the treasury secretary speaking to the Senate banking committee It is imperative that Congress addressed the debt limit If not our current estimate is the treasury will likely exhaust its extraordinary measures by October 18th America would default for the first time in history Congress has hit an impasse in the efforts to raise the U.S. debt ceiling and avoid a government shutdown Senate Democrats want to vote today on a stopgap funding bill without a debt limit included but Republicans earlier blocked them from advancing a stand-alone debt ceiling increase Now U.S. senator Elizabeth Warren says that she won't support your own power for a second term as fed chair labeling him dangerous over his record on banking regulation She is the highest profile Democrat with a say on power's confirmation to come out against him Paul does have bipartisan Senate support and is likely to be confirmed again if President Biden picks him after his term expires in February So those are our top stories for you this morning Let's get to one of our big interviews Keir Starmer makes his key speech to the labor conference in Brighton today the party is vowing to return bobbies to the beat and hire more special constables in a bid to crack down on what it calls an epidemic of antisocial behavior in Britain but does that actually mean more police on the ground and a pay rise on Bloomberg Westminster yesterday Sarah Jones the labor MP for croydon central and also the shadow minister for policing and fire service spoke to Bloomberg's you and ports about labor's plans to get tough on crime should it get to power You had asked about whether labor would go beyond Boris Johnson's pledge at the last general election to add 20,000 new police officers So we will say near the election exactly what the number is right We're not saying that now But absolutely definitely But what we are saying is we would spend that 280 million pounds better on antisocial behavior that the government wants to spend on a year And we are saying we also want to recruit more special comfortable so we talk about special comfortable today because they're really important And we want to see 5000 extra special comfortable on our streets helping helping the police officers tackle crime But I think if you want to know what our policies will be in the next manifesto look at our recording government because we tackled crime We massively increase the number of police officers and crimes failed dramatically and that is the kind of record that would want to be repeating So more volunteer police officers but you're not pledging any more police at the moment Today we're pledging to spend that money that would have been spent on the yacht to bring people into the right places in the communities that are police officers The problem that the police have at the moment is not enough numbers is also that they spend a lot of their time doing things that are the result of cuts in other services So they'll be dealing with drug addiction or alcohol addiction mental health problems so they'll be taking people to hospital because the ambulance hasn't come or they'll be taking they'll be supporting children who are vulnerable They do all kinds of brilliant work that really shouldn't be what they're doing So you know some of this is about trying to make sure they're doing the things they should be doing And some of it is about making sure we've got the right numbers and today we're saying anti social behavior Huge issue governments fail to tackle it Let's spend that money on that instead And let's recruit 5000 special constables and nearer the election will be clear about exactly what the fiscal situation is at the time Extra police can recruit but it's police officers and it please staff We must not forget about police staff So the people who do a lot of the work a lot of the forensic work for example and we have offices now having to fill those roles because the police staff have been cut as well as officers And the police are demoralized I mean they've had to pay for you They've got no confidence in British Patel which is an extraordinary thing for the police federation to say And they feel that they've been let down by this government and we're expecting them to after all of COVID and all of their things they've done going above and beyond As well So you give the police a pay at a pay rise We think well if you look at if you look at emergency services across the board the fire service for example has got 1.5% pay rise There should have been something for policing when we would push for that But I think we need to support our police officers We also need to focus on the fact that the public don't feel safe we need to deal with that And the government needs to deal with that And the middle of this fuel crisis running around trying to deal with things that she's dealt with ages ago they've forgotten that there are people out there who are scared to standing at bus stop to be scared going out at night when it's dark who's got you know neighbors from hell we need to deal with those issues So that was Sarah Jones the labor MP for croydon's central talking about policing will have much more on British politics on Bloomberg Westminster today You and I will be speaking to Jonathan Reynolds who is the labor MP for state leaders and hide and also the shadow sector for work and pensions Plus our opinion columnist Therese Rafa We'll join us as she always does on a Wednesday Catch that live 12 noon or download the podcast later on Anna That push.

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Johnson hails UK's 'new beginning' as Brexit day arrives

Bloomberg Daybreak: Europe

00:39 sec | 3 years ago

Johnson hails UK's 'new beginning' as Brexit day arrives

"Meanwhile the prime minister is sending a message about his agenda he's holding a cabinet meeting in Sunderland the first place to the clever brexit in twenty sixteen in London I'm you imports bring back day but Europe and of course with a goal to brexit related interviews today first up before the Liberal Democrat leader Vince cable be joining us very shortly here on Bloomberg radio at noon at U. K. Tom we're going to be speaking to the former conservative MP Nicholas Soames and discuss what the U. K. exit from the E. U. means for trade going forward with the road haulage association and the British forces coming up on Bloomberg Westminster at noon U. K. time on Monday the eight people you can cast a pall because later on apple music or on your preferred

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UK's Johnson prepares push to heave Brexit bill over line

Bloomberg Daybreak: Europe

01:53 min | 3 years ago

UK's Johnson prepares push to heave Brexit bill over line

"Because the big story here in the U. K. is still brexit Boris Johnson facing key votes in the council house of Commons today to see if he's brexit deal can actually make it into a little and if there's any chance of that happening before October thirty first but Westminster Sebastian solid reports what the prime minister is dealing with is the proof facts that he's trying to get a complicated and controversial piece of legislation through parliament in which he doesn't have a majority the first test will be a vote to see if parliament backs the principles of the withdrawal agreement bell then when MPs also supports a breakneck timetable to get it passed into law by October thirty first many I'm good at being rushed through according to Johnson self imposed deadline the consideration of a little that would determine the U. K.'s future and many have amendments or even plans to wreck the bill all together in under house arrest in sonic bring back daybreak Europe I will be talking all about the schools on Bloomberg Westminster we recently Jim Fitzpatrick the labor MP that's at noon today but let's now go cross over to Singapore where David Finnessey for the markets life team joins us today very good morning to you so Boris sees hurdles to getting is rex it deal through parliament will be I guess the first one the second reading votes as it's cold or sprays also we could look at the committee stage if he gets further yeah I think the biggest of the soul one hurdle is that really puts I think that was second reading about I think you get to he says he's got the numbers as soon I guess who that he definitely may not get to the pro the motion five that could be deadly challenge but then it just kick the can down the road a bit more I think than his stones the biggest hurdle the mole please get to the committee stage without any amendments particular customs union referendum a customs union being but more likely be added because it is added then the question is is he just check the bed and sighed this goes straight to election so something might be possible it may not be to his liking so windy the finish line but was certainly not there yet it seems that was some the further away

Boris Johnson Westminster Sebastian Prime Minister U. K. Bloomberg Westminster Jim Fitzpatrick Singapore David Finnessey