18 Burst results for "Charles Capel"

"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:42 min | Last month

"charles capel" Discussed on Bloomberg Radio New York

"Shares sliding even further down 9 and a half percent on the hang seng tech index now. And European natural gas prices 9% higher than 90% lower this morning, a €104 per megawatt hour they're trading out now. It actually did briefly touch below the €100 mark, which was the lowest since June. That's your Bloomberg radio business flash narrows Leanne garands of mine what's going on around the world. Stephen good morning and thank you. Former Chancellor Rishi sunak is emerging as a clear favorite of conservative bam pees to run the country. Boris Johnson, he was prime minister until September pulled out of the rage saying he had enough support to run, but it wouldn't be the right thing to do. Nominations should be the next leader of the party in prime minister will close at 2 p.m. today. Now delayed economic data from China showed a mixed recovery in the third quarter with unemployment rising and retail sales weakening in September, despite a pickup in growth. GDP rose 3.9% in the quarter from a year ago rebounding from almost stagnant growth in the previous period when Shanghai was still in lockdown. China's home prices, meanwhile, sunk for 13th month in September, with home sales and property investment, also continuing to fall. Russia's defense minister has called counterparts in the UK, France, and turkey warning of adrift towards uncontrolled escalation in Ukraine and the potential for Kyiv to detonate a radioactive dirty bomb Ukraine has consistently denied any such plans and says Russia often accuses others of what they do plan themselves. The U.S. called the allegation a transparently false global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in 120 countries and Leigh Anne garon's this is Bloomberg Stephen. Leon, thank you very much. It's time now for London rush or we carve out time to highlight some UK businesses making announcements in London joining us in studio has been breaking news out of Charles capel who we have rushed earlier than usual to be with us in the studio this morning and Charles good morning to you. You're starting with news from welcome China private equity. Yeah, exactly. They are a private company and they were due to list in London. They're due to raise a couple of 100 million pounds. Now, what they said this morning is that they will be pausing their IPO and that's as a result of levels of macroeconomic uncertainty and market volatility. Now, it's not necessarily clear exactly how much of that is wider global related factors or whether how much of that is actually the UK's looking a little bit chaotic at the moment, perhaps for an IPO and you might be reassessing those plants. What they have said is that all of the funds that they've committed, they will be returned to investors in that initial placing and they will reassess an IPO at a later date once those macroeconomic conditions have improved. So it's an interesting story, potentially, has ramifications for the wider London market as well. And it isn't necessarily about the company itself, but it's more about the fact that companies aren't feeling confident enough to list in London at the moment and for the whole year there's been a bit of a drought in terms of IPOs and also secondary placings in the London market. Now for some fashionable news it's looking like Fraser's group has boosted its stake and it Hugo boss. Can you talk to us about that? Yeah, exactly. Well, phrases creep has had this steak for a while and what they've been doing is slowly building this steak up a little bit. Now they have boosted it to 32.8%. And that is now putting the total value of its stake and quite a significant level actually about nearly a €1 billion €960 million. Now, phrases is one of these companies that they had its core businesses run by Mike Ashley, but it likes to kind of dabble around the fashion market and maybe take a couple of steaks elsewhere. So there was actually a report over the weekend, which is yet to be confirmed, but it's saying that phrases has built up a stake in asos. So that was from the telegraph and that was reported over the weekend. So phrases is one of these companies that watch where they have their stakes because sometimes they get in some interesting places. That's very interesting. Well, thank you very much Charles for your dabbling through the corporate news for us this morning in the London of you'll find these stories are much more on the London Roshan Bloomberg dot com and of course on the terminal as well, also in the London rush days news from the publishing giant Pearson showing the underlying revenue growing by 7% in the first 9 months of the year. Coming up next, we'll be talking more about the political situation in the UK and speaking to the MP

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"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:49 min | 4 months ago

"charles capel" Discussed on Bloomberg Radio New York

"The most senior managers on apple's EV team and bring some exotic car panache to the effort. In New York, Charlie palette, Bloomberg, daybreak, Europe. And my thought report from Charlie pad that wraps up our top stories for the moment, Lizzie. Right, let's take a look at the key things markets are watching out for today with leann gerrans. Lizzie, thank you so much. So let's take a look at what we're watching. So today is her real earnings bonanza. Firms in the U.S. and Europe worth more than $9.4 trillion are reporting today right now it's 8 30 5 here in the studio and the Vanguard investment chairman that Sean haggerty. He's currently live on Bloomberg TV talking to Tom Mackenzie's so tune in if you want to see that particularly. Oh, you'll be joining us on radio shortly. Thank you so much for my little counterpart there to tell me exactly what I need to know and at 9 30 Etihad airways CEO Tony Douglas. He's also going to be on Bloomberg TV on radio two, Stephen? He doesn't know. Anyway, we'll find that out for you. 10 a.m. UK time will have the latest confidence surveys for the Euro area. Then at 1 p.m. we'll have the German CPI reading that will be for July quickly followed at one 30 p.m. by some data from the U.S. including initial jobless claims and GDP figures and then later, as if we couldn't get more earnings more coming a little bit later in the U.S. so we've got Apple Amazon Intel and Pfizer just some of those huge names stateside due to report. Also, history is going to be made here today if you wanted to know that this morning with the first televised sentencing at a criminal court in England and in Wales too. Okay, Leanne garren, thank you very much with a look through some of the events we're watching out for today. It's no time for the London rush. We carve out some time to highlight UK businesses making announcements in London. We've got Bloomberg's breaking these editor Charles capel with us in studio. Charles, you've been delving into the results from Barclays. Yeah, that's right. And they're earnings actually missed in the second quarter and they also took a 1.3 billion charge. Now that's basically on litigation and conduct costs, part of that is that story I don't know if you remember. They oversold some of those investment products in the U.S. so they're going to have to buy some of those back. But what they did do is that they beat in their trading division. We've got a lot of volatility in the market. There's a lot of news, the markets have been very choppy. That creates opportunities for a beat in their fixed income currency and commodities trading. But the income from their capital markets and merger advisory side hasn't been so strong, it fell 36% from a record quarter last year, and that says the deals market is starting to dry up a little bit. And diageo everyone's been drinking at home ever since they got locked up in the pandemic, right? Just stop looking at me when you say that now. I'm Tito. I'm allowed. Well, yeah, exactly. And look, it hasn't necessarily stopped. They have had a beat in their full year sales. Johnny Walker whisky and Guinness beer have done particularly well. I would love to know the underlying market forces behind that particular strength, but it may just be what people are fancying. And they have, you know, they have a long side the rest of the consumer industry had to raise prices, they've but they've also been struggling with supply chain issues as well. They've got a huge logistical operation that they need to run. But that's managed to impact offset the impact from inflation and also the impact partly on their gross margin, but yeah, diageo after today's earnings, I might need a glossary Johnny Walker myself. And ABM, of course, proportion today is one other important drink science. It was interesting to see even the readout from LVMH yesterday on their share as part of the spirits part of the business as well, one of the very positive marks. So interesting to see what's happening in that space and I am steering clear of making any comments about my own habits. Also Charles will be looking at BT. Yeah, that's right. Well, their sales have grown actually for the first time in 5 years. And that's, on one hand, they've got more fiber object connections, and then on the other hand, they've increased their prices above the rate of inflation. Now, they did also point to a slight weakness in the enterprise division, so that's sort of the large corporate space. But the otherwise the earnings were more or less in line and good to see some sales growth there as well. All right, and what should we look ahead for then? Well, look, tomorrow, we've got yet another busy day of earnings. We've got glencore, obviously the commodities producer. That's going to be absolutely fascinating with those fluctuations in those markets, especially after Shell as well. AstraZeneca, that's following GSK early in the week GSD GSK did quite well as people were paying more for their prescriptions and also going back to get some vaccines and then of course we've got IAG, the owner of British Airways, plus a whole load of other airlines. The impact from the airline disruption on holiday travel, that will really be in focus earlier in the week we had Ryanair. They actually managed to squeeze out a profit for the quarter, EasyJet, they made a loss and actually put a number on how much all of this airline disruption is going to cost them. So we will be potentially looking for something similar from IAG, and then we also have the rest of the UK. Banks, et cetera. It will be a busy day. We will. Another busy day for you and for us, Charles caper, thank you very much here that impact that figure from Egypt was a 133 million pounds was what they said the impact from travel disruption was and of course IAG being such a big upgrade of Heathrow that's going to be very interesting because of the passenger cap there and what that might have an effect, particularly on their outlook for later in the year Charles cape. Thank you very much for the London rush this morning. You can find the London rush on the terminal and of course on Bloomberg dot com as well. All right, coming up on Bloomberg

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"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 4 months ago

"charles capel" Discussed on Bloomberg Radio New York

"Certainly the PMI numbers on Friday made that point quite clearly. Deaths certainly did, well, that is the latest from the ECB coming up next we're going to have the London rush with Charles capel, we'll be getting more on Vodafone and on Ryanair as well. This is Bloomberg. Hear that. That's the sound of a patient whose health data is protected from a cyberattack. And that, that's the sound of a financial system that's digitally secured from bad actors. Right now, there's an invisible war being fought on a digital battlefield that impacts what we do every day. That's why a pair of we do that can't be done to help protect the vital systems we rely on because if we don't, the alternative is unimaginable. Periton. This is a Bloomberg money minute, Wall Street will try today to recover from Friday's technology led sell off, weak earnings from snap, the parent of SnapChat, as well as Twitter and Verizon. Well, that stoked fears a recession is on the horizon, although the major averages finished down for the day Friday led by the NASDAQ's nearly 2% fall I should mention, they still posted modest gains for all of last week. It will be another busy week ahead for a second quarter earnings with companies, including Whirlpool, General Motors, General Electric, and UPS expected to open their books. We'll also get a home price update tomorrow from S&P, as well as a monthly consumer confidence reading. Its latest sign the pandemic surge in ecommerce has begun to fade. FedEx, cutting Sunday delivery service to some parts of the country, mainly rural and lightly populated areas, as package volume declines, and the cuts will take effect in mid August. Denise Pellegrini, Bloomberg radio. Global market

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"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:02 min | 4 months ago

"charles capel" Discussed on Bloomberg Radio New York

"Largest cryptocurrency. Okay, so those are our top stories this morning, but they're still plenty ahead today. Let's bring in Bloomberg to the anger and good morning. Leanne, what's ahead this morning? Caroline good morning to you so what you guys were just discussing will be watching Italy extremely closely after the prime minister Mario Draghi has told the Senate that he's going to meet with the president today the expectation is that he is going to offer his resignation in that very meeting. So we'll be watching that story closely. Then at one 15 p.m., the ECB will reveal its latest rate decision that will quickly be followed at one 30 p.m. by data from the U.S., including initial jobless claims, and parliament summer recess does begin today but campaigning just doesn't stop with Liz truss and Rishi sunak now going head to head and we should have a new prime minister on the 5th of September, so lots to keep a close eye on. Thanks, leann garand. That's our look ahead for the news coming up and next we have the London rush where we can carve out some time to highlight UK businesses that are making announcements in London, joining us for that is Bloomberg's breaking news editor Charles capel. Morning Charles, Ocado good morning to be suffering from all these consumer behavior changes. Yeah, exactly. It's a classic inflation era statement here from Ocado. Their retail sales are down about 8% in the first half of the year. And what's driving that is actually smaller basket sizes. And during the pandemic, obviously everyone started ordering their food for delivery, all of their groceries. They were going out less. And so the basket sizes increased. And now they're starting to perhaps go out to restaurants again. And perhaps eat in less. And as a result, the average basket size is now dropped to a 120 pounds from about a 138 pounds previously. Now, rising prices have done something to mitigate that, but people are actually cutting less individual items in their baskets. And Ocado's EBITDA has now really suffered a hit from the retail side. They previously had about a 100 million pounds worth of EBITDA. It's now down to about 30 million pounds. And it's also compounded by the rising cost of living in the UK. So a bit of a grown statement here from Ricardo and their shares have been hit this morning as a result. Yeah, absolutely. So that from Ocado, but then there's also another bit of retailing news M and S's CFO leaving. Yeah, exactly. Their CFO and Tong, he's going to leave and we only joined about two years ago. But he's going to be joining associated British foods. Now, of course, that is the owner of primark. Now, I think this is a really interesting move because it matches up quite well. M and S has this food side of their business. They have the closing clothing side of their business. So does AB food. And then also pro Mark has indicated earlier this year that they're going to be trialing some more online shopping, perhaps. And if they, if they decide to move into that space, then perhaps Owen Chung would be really well set up to guide them through that from a financial point of view. And then they also do appear to be strengthened enough for their primark division. Their currency is going to step down from the board. And he's going to become the chairman of the new strategic advisory board and also a senior adviser for primark. So it could be really interesting to see how they plan to develop that business over the coming years. And Charles in our last minute here, Leon keeps telling us that everyone's going teetotal, but it seems like there's been progress for clubs. How does that add up? Yeah, exactly. I mean, I don't know about you, but I'm a fan of a non alcoholic beer. And even when I could go to the pub, I've been having one of them, but maybe that's what's going on, but fuller Smith and Turner, they say that their sales are continuing to recover. And they have singled out the City of London and the West End sort of propping up that recovery, which if you take a walk around the city or Soho these days, you do see a lot of people out, particularly in this nice sunny weather. Their total sales are actually above group pandemic by about 3%. And up 81% on the same period last year, although of course that was heavily affected by the pandemic. One of their peers, Mitchell and butler's also say that they seem strong sales, although they did partly fall back. But if you think about the last sort of quarter or so, we've had so much that could affect pub. We've had the jubilee weekend, but we've also had industrial action making people stay at home, perhaps not going into the city where they would have after work through. And very recently, we've had very hot weather, which sends people to the clubs as well. So there's a lot going on there. Charles cape with the London rush thanks so much for being with us. This is Bloomberg. Wake up. There's something different

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"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:18 min | 6 months ago

"charles capel" Discussed on Bloomberg Radio New York

"For taking the time, we really appreciate it John after that big interview. Yeah, and all of that interesting news from Elon Musk, lovely to back John. Rather than just taking a listen. Thank you very much. Thanks so much, John. Take care. Okay, we're going to turn next to the London rush. We carve out some time to highlight UK businesses making announcements in London. We've got Bloomberg's breaking news out of Charles capel and studio with this morning to you Charles. You've been looking at easy jazz and big Airbus order. Yeah, exactly. They've ordered about 56 a three 20 neo family aircraft. And it's part of a wider agreement that they have with Airbus to kind of supply them with aircraft throughout the next decade or so that agreement was made in 2013. And the airline says it will help them through up gauging or improve some cost efficiencies and then also make them a little bit more sustainable as well. They've also transferred some of their order from about a 18 aircraft from one type to another type and in total that order would probably be around worth around $6.5 billion if it was at 2018 list prices, but the thing is is that they will be receiving that order at a very considerable discount because they have some price concessions with Airbus. Which helps them and it just highlights for me the two tricky things that airlines are trying to do on one hand they need to monitor at their current operating problems, you know, the disruption we've seen over the last few months. And then there are also trying to plan for the next decade ahead. Yeah, very tricky, EasyJet. Just briefly on a cardo share price syncing more than 4% why. Yeah, exactly what they've raised about 575 million pounds from capital markets overnight. And what they've done is basically a massive share placing. It will help them with their global expansion and it will help them invest in those customers that they need to produce their new automated technology for. I think many of us know Ocado from delivering groceries, but they also have this automated gross grocery fulfillment system which they're trying to expand globally. So they raise some money. It will hit their share price, but it's what they have to do. Okay, Charles caper with the London rush there. Thank you. You'll find those and more stories on the London brush on London rush on Bloomberg dot com

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"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:57 min | 6 months ago

"charles capel" Discussed on Bloomberg Radio New York

"To the program so we're going to be talking about the London Russian just a moment everything that's moving in terms of M and a and company and trading updates in just a minute Well we are 30 minutes into the trading day here in Europe and the stock 600 is up by two tenths of 1% similar gain on the FTSE 100 the cat around in Paris up by four tenths of 1% in the Dax in Frankfurt is also on the up in trading today If we look across the stocks 600 it is Doc martens is the best performing share on the stock 600 that's after they raised their full year guidance and reported an increase in pre-tax profits for the beat the analyst estimates as well across the sectors it is auto and parts manufacturers that are seeing the largest gains across the stock 600 there that basket up by 7 tenths of 1% technology shares at the bottom of the basket in the stocks 600 in trading today looking ahead towards Europe towards Wall Street trading later the S&P E mini futures are up by three tenths of 1% the NASDAQ futures just dipping up or tilting upwards as well We are keeping an eye on oil prices today as well WTI and Brent both trading up WTI at a $116 a barrel Brent crude just a little bit north about a $117 a barrel and the Bloomberg dollar spot index is a little bit stronger today up by two tenths of 1% as we have been keeping an eye of course on all of the latest comments out of the meeting between Joe Biden and Jerome Powell chair of the Federal Reserve as well Now time to turn away from those market numbers talk about the London rush carving out a moment to highlight UK businesses that are making announcements in London company results trading updates M and a and more Joining us now is Bloomberg's breaking news editor Charles capel and this is really interesting GSK spinning off its consumer unit Charles Yeah exactly Well this has been in the pipeline for a while but they have provided some more details and they've really taken a firm step towards doing this So what they're saying is that July the 18th will probably be the first day that it's consuming unit which they call helium will be trading on the London stock exchange Now the IPO market will have a listing market in London has been a little bit dry this year So this probably will be the highlight of the listing market in London Probably for the year Now of course this consumer unit makes things like panadol painkillers and also sensodyne toothpaste and GSK says it will strengthen the prospect of both companies and it says it is the most significant corporate change for GSK in the last 20 years Now it's actually a joint venture between GSK and Pfizer but GSK does own 68% of that business with Pfizer of course holding the rest GSK shares themselves up ever so slightly this morning Charles John wood group John Woods groups has announced a sale of its built environment consulting business as well with a big price tag Yeah exactly $1.9 billion is the exact price tag for that Now that is a business which advises governments on how they can improve their climate prospects and they will use the process the proceeds of these deals to cut its next deck It's net debt apologies But they also say that the deal enables them to move on to the next strategic phase of their plan And they give some financial flexibility as well But would group themselves trying to thin down a little bit to enable them to maneuver The unit itself generated revenue of about $1.3 billion in 2021 Their shares are up about 2% this morning And just lastly would you make about of tallow oil's merger with Capricorn energy Yeah well it's really interesting We have loads of these oil companies listed in London But it's very very rare to have a merger which is almost and I say almost a merger of equals In the sense that tallow shareholders will own about 53% of the combined group Capricorn child is well owned about 47% And what's really interesting is this will be an energy company focused on Africa but it's listed in London They're Tapping London's capital markets They're Tapping the credibility that they get from being listed in London but they will be focused on Africa The deal itself represents a premium of about 4.7% to Capricorn's clone closing share price yesterday and it values the company Capricorn about 657 million pounds and the company say that it is a unique opportunity for this combination So I think it's a really interesting deal actually But both of those shares are flat this morning Okay Charles cape our breaking news editor with the London rush Thank you very much for that Let's turn next to Bloomberg's Lian garon's for today's.

GSK London Doc martens Jerome Powell Charles capel Europe Frankfurt Charles John wood Pfizer Joe Biden Bloomberg Paris Federal Reserve John Woods
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:22 min | 8 months ago

"charles capel" Discussed on Bloomberg Radio New York

"Now You've got a bit more detail actually on Andrew baby His Bloomberg's Samuel etchen good morning Good morning Caroline I do and let's start with the banking England governor Andrew Bailey he says governments should be prepared to accept economic hardships as the price for forcing Russia to end its war in Ukraine What Russia is doing in Ukraine as a polling which is why I know that walked out It's appalling And I think it's important that they understand there should be no appeasement of Russia because we have to deal with economic problems as a consequence of what's going on We just roll our sleeves up and deal with those And that's the right thing to do Hard though it can be at times Speaking on the sidelines of the IMF meetings in Washington he delivered his strongest warning yet that the UK's escalating cost of living crisis may tip the nation into recession Bailey speaks again later today And here in the UK consumer confidence has plunged to the lowest level since the recession in 2008 Monthly reading of consumer confidence has dropped to -38 for the month of April The number a decline of 7 points on the month was well below the forecast from economists That leaves the outlook for personal finances and the general economy worse than during the depth of the financial crisis And as the war in Ukraine entered this third month the U.S. has confirmed its sending ghost drones to the country Bloomberg's Ed Baxter has the story Pentagon spokesman John Kirby says ghosts will work well in Ukraine In discussions with the Ukrainians again about their requirements we believed that this particular system would very nicely suit their needs particularly in eastern Ukraine And President Biden says the military help is very large The United States alone has provided ten anti armor systems for every one Russian tank that's in Ukraine Biden says help is on the way In San Francisco I met Baxter Bloomberg daybreak Europe Meanwhile the U.S. is sending Ukraine another $1.3 billion in arms and economic aid of the new package $800 million will go towards weapons And again here in the UK another investigation is going to be held into party gate Boris Johnson will face parliamentary ethics inquiries into whether he lied to parliament over the scandal Bloomberg's Charles capel reports MPs backed a labor proposed motion for the prime minister to be referred to a parliamentary committee to investigate whether he misled lawmakers over the events in his and other government offices during lockdown MPs approved the motion without a vote after their government abandoned its bid to delay it until after the police finished their own inquiry and an internal report was published Ministers found to have lied or expected to resign although there is little chance of Johnson doing so Still the inquiry undermines Johnson as he is on a trip to India and will prolong the uncertainty over his position In London Charles K four Bloomberg daybreak Europe And that's 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 Samuel Etienne this is Bloomberg.

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"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:16 min | 11 months ago

"charles capel" Discussed on Bloomberg Radio New York

"In London 9 30 if you're in Paris or Berlin I'm Anna Edwards you're listening to Bloomberg and take away Europe and European equity markets are moving higher this morning but those gains are fading as we see U.S. futures fade So the stock 600 up by a quarter of 1% that is up by half a percent the cac and the Dax both up by around two tenths of a percent The ibex in the foots you may make gains of three or four tenths of a percent U.S. features they were positive but those gains have been fading E minis now flat Dow futures flat NASDAQ futures down by two tenths of 1% We saw strength on Wall Street yesterday the testimony of Jerome Powell was taken fairly well by risk assets They deemed there to be nothing too much more hawkish at the margin from the fed chair and as a result we saw moves higher in risk assets That was the same through the Asia session as well MSCI Asia Pacific up by 1.6% by the close there the hang sane doing really well over in Hong Kong up by 2.8% tech names in China bouncing The oil price is a little stronger this morning 84 O 9 by four tenths of 1% The yield on the U.S. ten year 1.73% so although it moves higher that's quite far from the 1.8% we tested earlier this week the dollar is pretty flat the Euro fairly flat at one 1364 the pound also flat at one 36 31 so not too much action in the FX markets to talk about this morning And that is despite some really interesting testimony on Capitol Hill and some politics a little closer to home let's get to that story first Once again party gate leads the news agenda here in the UK Boris Johnson faces questions in parliament today about whether he attended a Downing Street party in May 2020 when such social gatherings were forbidden Bloomberg's Charles capel has the latest The prime minister's office is working with the Metropolitan Police over allegations of rule breaking on May 20th 2020 that's according to his spokesman It is the latest in a string of allegations of rule breaking parties in Westminster denting Johnson's reputation and that of his party in the polls Labor's deputy leader Angela Rayner says she thinks the prime minister should go saying he's lost the confidence of the British public In London Charles capel Bloomberg gave her a Europe In the U.S. fed chairs were in Powell says officials will not hesitate to act to contain price pressures in the U.S. economy In a two and a half hour congressional confirmation hearing Powell said the fed was on course to begin raising rates from near zero and to start reducing its $8.8 trillion balance sheet If things develop as expected will be normalizing policy meaning we're going to end our asset purchases in March meaning we'll be raising rates over the course of the year at some point perhaps later this year we will start to allow the balance sheet to run off And that's just the road to normalizing policy That's what we're going to be doing The fetch as remarks were more guarded than some of his colleagues who've called openly for the fed to start raising rates in the month of March The focus for the day ahead is going to be on inflation And when it comes to inflation in the U.S. it may get worse before it gets better Bloomberg economics predicts consumer prices probably rose 7% year on year in December and say omicron related supply problems could potentially add further upward pressure through the first quarter Economics suggesting that that inflation print will go beyond 7 then in the January number Today we focus in on December though Will it go to 7% That is a real focus for us Now beyond the inflation data coming out after your own pounds confirmation hearing there are further questions hanging over the fed Vice chair Richard clarendon's announcement that he'll leave his role two weeks before his term expires following revelations about his stock trading on the eve of a major Central Bank announcement puts ethics in the spotlight while Powell's hearing was probably free from rancor Leo brainard's hearing to replace clarida may mean more political scrutiny from both Republicans and Democrats about standards and the fed's policy remit Bloomberg D.C. editor Kathleen hunter joins us for more on the political context to the fed nominations Good to speak to you Kathleen So why do we not see more fuss about this Because this is something that you imagine could get people across in the United States has it become a kind of water cooler story or people that engage with fed trading policies that their angered by this I know Elizabeth Warren of the Democrats has been but more broadly Yeah I think that it's kind of remain a bit of a niche issue for right now Obviously we see Elizabeth Warren making an issue out of this people that follow her closely I think it probably on their radar But this is happening within the context Obviously record high inflation in the U.S. record numbers of coronavirus cases And I just think that that is a little bit more where people the general public focuses And that may help explain a little bit why we didn't need to become a bigger issue in pal's confirmation hearing yesterday I think that a couple other reasons why we didn't become a bigger issue is because the fact that clarity's decision I think was well timed and the strategically so in the sense that you need as announcement but he was planning to step down early on the eve of the confirmation hearing And so that kind of took some of the wind out of the sales from Elizabeth Warren and some others And also the fact that this as you say there's going to be some additional confirmation hearings for some other folks and in the meantime we know that there are some new ethics standards and rules that Hal talked about it yesterday's hearing that are.

U.S. Bloomberg fed Anna Edwards Jerome Powell Charles capel Angela Rayner Powell Charles capel Bloomberg Europe London Boris Johnson Asia Pacific
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:02 min | 11 months ago

"charles capel" Discussed on Bloomberg Radio New York

"Are looking at a second day of gains potentially when it comes to equities you're looking at an S&P 500 future session that is up one tenth of 1% Nothing like yesterday we're almost up 1% on the cash equity trading yesterday in the U.S. We are seeing outperformance when it comes to Europe Those are up 9 tenths of 1% when it comes to stocked 50 futures Though elsewhere it is pretty calm in these markets the dollar just flipping to gains by only .04% That's what the reading is on the Bloomberg dollar spot We've had a lot of weakness a lot of sogginess coming through the dollar despite some of the strong economic data We are looking at yields starting to move higher yet again we're up one basis point on your 5 year yield nearly two basis points on your two year yield and unchanged on ten or 30 years so you take all that together We continue to see a flattening yield curve certainly a concern not just for traders but the fed as well is not pricing in a policy air We're looking at WTI up one tenth of 1% Little changed on Brent gold weaker today you're looking at iron ore up 1.5% on supply issues and finally this is all off the back of a stronger Asia Pacific session up 1.5% Those are your markets Now let's get on to some of today's top stories And once again party gate leads the news agenda here in the UK Boris Johnson faces questions in parliament today about whether he attended a Downing Street party in May 2020 when such social gatherings were forbidden Bloomberg's Charles capel has the latest The prime minister's office is working with the Metropolitan Police over allegations of rule breaking on May 20th 2020 that's according to his spokesman It is the latest in a string of allegations of rule breaking parties in Westminster denting Johnson's reputation and that of his party in the polls labor's deputy leader Angela Rayner says she thinks the prime minister should go saying he's lost the confidence of the British public In London Charles capel Bloomberg gave a Europe And in the U.S. fed chair Jerome Powell says officials will not hesitate to act to contain price pressures in the U.S. economy in a two and a half hour congressional confirmation hearing Powell said the fed was on course to begin raising rates from near zero and to start reducing its $8.8 trillion balance sheet If things develop as expected will be normalizing policy meaning we're going to end our asset purchases in March meaning we'll be raising rates over the course of the year at some point perhaps later this year we will start to allow the balance sheet to run off And that's just the road to normalizing policy That's what we're going to be doing The fed chairs remarks were more guarded than some of his colleagues who have called openly for the fed to start raising rates in March And when it comes to inflation in the U.S. well it may be getting worse before it gets better Bloomberg economics predicts consumer prices probably rose 7% year on year in December And they also say oh Macron related supply problems could potentially add further upward pressure throughout the first quarter Let's get more on the fed now Another official added her voice to the course that will back raising interest rates as soon as March Speaking before Jerome Powell's confirmation hearing Cleveland fed president Loretta master told Bloomberg she would support such a move if current economic conditions hold Here she is speaking to Bloomberg television's Jonathan pharaoh and Michael McKee The economy is on a really good track the inflation numbers are high It looks now at inflation is more persistent Going forward early in the pandemic earlier in the last year a lot of those price increases were really on things that are really tied to the reopening of the economy and the supply chain Now those price increases have broadened So if the economy in March looks like it does today and the outlook is similar And of course there's uncertainty around that But if it does and I would support moving the funds rate up at that meeting and starting to move back from some of the extraordinary accommodation we needed earlier in the pandemic And you know I just want to point out that even when we make that first rate move whenever it is that's not really policy tightening accommodation is still going to be really high at that point So I think that the case is really strong to begin to wind back some of that accommodation Well that raises the question for our friends on the trading floor of how far how fast and where do you stop Bill Dudley says you probably need to do four or 5 rate moves this year You've long been an inflation hawk How far do you think you need to go Well I can tell you in that December SET submission I had three pencil in for this year and a few more over the next trajectory But I also want to point out that we're going to have to see how the economy does over time before we can say for sure how many rate increases are needed There's still a lot of uncertainty around the outlook There's uncertainty about how the pandemic plays out As we've seen each new area the economy has really navigated it in terms of the economic outlook But right now we have to say that we probably need to recalibrate our policy stance because inflation is well above where we need it to be The employment markets labor markets are tight from the standpoint of a policy relevant framework Do I think we'll see labor force participation move up somewhat after we get beyond the pandemic Of course but I don't think we can ignore the shorter run or medium run tightness in that labor market So I think we're in a good place to move policy and we'll have to see how that affects the economy going forward and the other factors affecting economic growth and employment going forward Well speaking of moving policy the fed's statement of principle says that the interest rate the fed funds rate should be the.

Jerome Powell fed U.S. Bloomberg Charles capel Angela Rayner Charles capel Bloomberg Europe Boris Johnson Loretta master Jonathan pharaoh Michael McKee Metropolitan Police Asia Pacific Westminster
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 11 months ago

"charles capel" Discussed on Bloomberg Radio New York

"Gains And a good morning and thank you Kazakhstan's president has declared that order has largely been restored following efforts to crush mass protests that erupted over fuel prices leaving dozens dead Russia and its allies dispatched troops to quell demonstrations that posed the biggest threat to Kazakhstan's leadership since independence in 1991 Over in the U.S. president Joe Biden is warning that the insurrection at the U.S. capitol was part of an assault on democracy that Donald Trump and his supporters are continuing to wage a year after the deadly riot Biden also blamed the form of president for the storming of the building Meanwhile Donald Trump hit back in a statement accusing Biden of destroying the nation and using his name to further divide America Here in the UK Boris Johnson is under fire again for his behavior during an investigation into the funding of his Downing Street flat revamp the prime minister has ultimately been cleared of any wrongdoing as Bloomberg's Charles capel reports The independent adviser on ministerial interest Christopher guide told the prime minister in letters disclosed yesterday that he failed to meet the standard of care that should have been taken in disclosing the information He said insufficient regard and respect had been shown for the independent advisers role in a responding letter Johnson offered his humble and sincere apology in London Charles cape or.

Kazakhstan Donald Trump U.S. Biden Joe Biden Russia Charles capel Boris Johnson Christopher guide Bloomberg UK Johnson Charles cape London
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:27 min | 1 year ago

"charles capel" Discussed on Bloomberg Radio New York

"Hannah George because other than the top interviews of course we've got world news Good morning Hannah Good morning Caroline Yes here pressure is mounting on prime minister Boris Johnson after a video emerged showed key aids joking about a party in Downing Street loss Christmas at a time when such gatherings were banned Bloomberg's Charles capel tells us more ITV news obtained a video which was said to be recorded four days after an alleged party showing the prime minister's then press secretary Allegra Stratton rehearsing for a TV media briefing Stratton said in the video there was definitely no social distancing when asked about a party in the rehearsal Johnson and his office have refused to deny a party took place while insisting that the rules in place at the time were obeyed In London Charles cape or Bloomberg daybreak Europe Stock exchanges in the United Arab Emirates will start operating Monday to Friday following the country's decision to switch its working week a government's official broke the news on Bloomberg following the announcement that the gulf state is moving to a four and a half day week with Saturdays and Sundays off In Germany social Democrat Olaf Schultz will be sworn in as Chancellor today as the leader of a three way coalition with the greens and the free Democrats It brings Angela Merkel's 16 year term to an end Bloomberg's Patrick Donahue looks back on Merkel's reign Angela Merkel the pastor's daughter from East Germany who dominated the country's politics and served as Chancellor for 16 years will leave office on Wednesday Michael has maintained her popularity with most Germans crediting her with a steady hand as she steered the country through turmoil her detractors say she lacks vision At 67 she's hinted she'll retire but has said little about future plans In Berlin I'm Patrick donohue Bloomberg daybreak Europe And in the U.S. the House passed a bill that will open the way to quickly raising the debt ceiling Democrats would receive one time fast track authority to hike the debt limit through a simple majority vote averting the threat of Republicans blocking the move that vote should provide enough money to cover borrowing through 2022 which lessens the risk of the U.S. defaulting on payments this month Global news 24 hours a day on air non Bloomberg quick 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 does only quant forced the hand of the ECB on stimulus We've had.

Hannah George Hannah Good Caroline Yes Charles capel Allegra Stratton London Charles cape Bloomberg Boris Johnson Olaf Schultz Angela Merkel Patrick Donahue ITV Stratton aids United Arab Emirates Europe Patrick donohue Johnson East Germany Merkel
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 1 year ago

"charles capel" Discussed on Bloomberg Radio New York

"To 12 p.m. Here in the England the omicron variant is now transmitting in the community There have been 336 confirmed cases in the UK some of which are not linked to international travel Bloomberg's Charles capel has the story Health secretary such of it said that from that they can conclude that there is community transmission across multiple regions in England Next week the government is due to update MPs again on the latest on the pandemic but javid said he can not guarantee the government will know much more about the omicron variant than they do now This morning tougher restrictions on travel came into force requiring everyone to test negative before they arrive in the UK regardless of vaccination status in London Charles cable Bloomberg daybreak Europe A whistleblower has accused the foreign office of a chaotic and dysfunctional response after the Taliban took over Afghanistan junior diplomat Rafael marshal told a parliamentary committee there were serious shortcomings in how the then foreign secretary Dominic rob handled evacuations from Kabul Marshall claims that just 5% of their 150,000 people who applied for evacuation received any assistance China has warned the U.S. will pay a price for a diplomatic boycott of the Beijing Olympic Games saying the move will damage ties Bloomberg's add Baxter has more on the decision White House spokeswoman Jen Psaki says the U.S. can not turn a blind eye at a human rights abuses U.S. diplomatic or official representation would treat these games as business as usual in the face of the PRC's egregious human rights abuses and atrocities in Xinjiang And we simply can't do that Sake says it would not be fair to punish the athlete so the U.S. team will participate Beijing meanwhile has responded that it has no intention of inviting U.S. diplomats In San Francisco I'm at Baxter Bloomberg daybreak Europe Global news 24 hours a day on air and Don Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries I'm Hannah George This is Bloomberg Anna Thanks very much for that Hannah Now let's get an update on your sports news.

Charles capel javid Bloomberg Rafael marshal England Dominic rob Kabul Marshall UK U.S. government Jen Psaki Taliban Beijing China Afghanistan Europe London Olympic Games Baxter
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:07 min | 1 year ago

"charles capel" Discussed on Bloomberg Radio New York

"And its 7 30 a.m. here in London very good morning on Caroline heparin so we are tracking the oma corn variants South Africa as reported that it's not fueling a surge in hospitalizations It's been detected in 17 EU countries and the UK is now requiring everyone regardless of their vaccine status to take a test before they come to Britain which is rather frustrated the travel industry will discuss that and also of course the market volatility that we saw last week We had the jobs report on Friday We saw half the number of jobs added to non farm payrolls than was expected And yet the rest of the data looked much more positive Stocks at the moment look a little bit more stable than they were on Friday but of course it's only the start of the day MSCI Asia Pacific index is down 7 tenths of 1% the hang sang in particular scene losses down 1.8% You've still got worries around Chinese tech firms after didi's delisting plans The Chinese securities watchdog Sunday tried to downplay the fears around what that would mean and also just breaking on the blue bag terminal China ever grant falling 17% on track for a fresh record low China ever grants a debt woes continue today another key deadline for some of its dollar bonds So the share price dropping 17% right now Speaking of bond markets U.S. yields at one spot three 7 3% are up by two and a half basis points so we make up some of the yield softness last week S&P 500 even features also up by three tenths of 1% and European stock features gained close to 1% this morning Okay let's go to our top stories after that data check because we have the latest in terms of the overcrowd variant Here the government says that it will take a quote balanced approach to protecting the public from the virus this winter his Bloomberg's Charles capel and what exactly that means Deputy prime minister Dominic raab said corporate Christmas parties can go ahead but urgent employers who use common sense when it comes to coronavirus safety Speaking to Sky News yesterday he also said mandatory vaccines isn't the right approach but instead the government would be taking a balanced approach This week the government announced that a negative COVID test will be required for anyone entering the UK regardless of vaccination status Rob said he understands the measures were a burden on the travel industry but he said they were necessary to stop on the ground which is spreading across the globe In London Charles capel Bloomberg day break Europe Meanwhile the case biggest business lobby has cut its growth forecast for this year and next year warning that rising costs and shortages are hampering the nation's recovery The confederation of British industry now expects expansion in Britain of 6.9% in 2021 That's down from 8.2% previously It's also trimmed 1% of next year's forecast to 5.1% The CBI blames a weaker performance in recent months with headwinds caused by inflation and supply chain issues Also the UK trade secretary Anne Marie trevelyan is going to press the U.S. to remove Trump era tariffs on British steel and aluminium this week in a three day visit to the United States the UK delegation will also focus on securing state by state trade deals in a recognition that a full scale bilateral deal with America won't be agreed any time soon And just lastly in the oil market Saudi Arabia has raised all prices for buyers in Asia and the U.S. signaling that it sees demands staying strong despite the spread of the omicron variant The move comes just days after OPEC plus surprise traders with a decision to boost crude output Saudi Aramco increased January's prices for all crude group grades to the highest price since February 2020 before the pandemic even took hold Right let's get the latest now with global news headlines for bluebirds and George Come on Hannah Good morning Caroline while we start in France where the Republicans have nominated Valerie progress as their first woman presidential candidate.

Caroline heparin Charles capel Deputy prime minister Dominic UK didi Britain China U.S. London Asia Pacific government South Africa EU
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:48 min | 1 year ago

"charles capel" Discussed on Bloomberg Radio New York

"Program is key for the country Even if this variant turns out and it's an if even if it turns out to make vaccines less effective it might be a small impact It may not but the point is that the vaccines are still going to give you more protection than otherwise And that is why the booster program is so important The government will convene an urgent meeting of a group of 7 health ministers G 7 health ministers today to discuss the latest developments Sticking with the virus in the UK together UK pandemic rules come into a tougher UK pandemic rules come into effect this week As several cases of omicron have been detected in the country Bloomberg's Charles capel has the details The UK took additional measures over the weekend to buy it Against the amica on coronavirus variant Those measures include requiring moss in shops and on public transport as well as requiring PCR tests on arrival from Tuesday But health secretary sagi javid said yesterday that there's no need to impose work from home requirements That's even after cases of the highly mutated on Macron variant were discovered in the UK David said the government's action is proportionate and would buy scientists precious week to evaluate the strain and work on new vaccine formulations if needed In London Charles K for Bloomberg gave rogue Europe Charles cape with the latest there but UK health minister Edward agar who oversees policy for England says he's not anticipating even tighter Kurds in the next few weeks Let me tell you what's going on with oil and oil has rebounded after a dramatic 13% plunge on Friday the most in a year OPEC and its allies delayed two technical meetings this week to assess the damage but the main meeting will be going ahead as planned OPEC plus is increasingly inclined to ditch its plan to raise output next week Bloomberg's Susanna Palmer takes a look We're hearing from delegates who don't want to be identified that the 23 nation alliance led by Saudi Arabia is leading toward abandoning a plan for a modest production hike set for January Its next meeting is this Wednesday and Thursday The group was already considering a pause after the U.S. and other consumers announced the release of emergency oil stockpiles last Monday The group now worries that the emergence of the omicron coronavirus variant could mean renewed shutdowns and travel restrictions Susanna Palmer Bloomberg daybreak Europe and in corporate news and we go to the car sector and Nissan will invest almost $18 billion over the next 5 years to electrify more of its lineup The Japanese carmaker will introduce 23 new models by fiscal 2030 including 15 new electric vehicles the aim is for more than half of its sales to be electrified by then Nissan has been ramping up its EV ambitions including plans to build a $1.4 billion hub to manufacture battery powered cars in the UK Over in the banking sector now in Santander has appointed Mike renier to head its UK operations regnier has been chief executive officer of Yorkshire building society since 2017 the Spanish lenders UK operations had around 20,900 employees and 14 million active customers at the end of June Let's get an update on the global news flow then here with the latest distribution guerins And a good morning and thank you Japan is to ban entry of all new foreign visitors from tomorrow adding to travel restrictions and posed by countries around the world as they assess the threat from the new virus variant The Netherlands reported a 13 on cron cases over the weekend suggesting it already has a strong foothold here in Europe after the mutation was first discovered in Southern Africa Meanwhile the southern African president has called those bans unfair and saw ramaphosa is not bringing in restrictions yet but says his country is bracing for what may come If cases continue to climb we can expect to enter a fourth wave of the infections within the next few weeks Scientists have also told us to expect the emergence of new variants Experts are worried the variant could possibly evade a vaccine turning to other news Iran's new negotiating team is heading to Vienna for the restart of stalled nuclear talks with world powers later today a revived pack would likely remove U.S. sanctions on Iran allowing it to reenter the global oil market in return for rolling back its enrichment activities The U.S. has downplayed hopes of progress with Tehran's new hard line administration and analysts are increasingly pessimistic And British socialite and former girlfriend of Jeffrey Epstein Ghislaine Maxwell is due to go on trial in New York City on sex trafficking in other charges later today Bloomberg's pat hot reports Maxwell 59 has pleaded not guilty and is accused of Lorraine four girls as young as 14 years of age to Epstein between 1994 to 2004 so he could abuse them Prosecutors say Maxwell also have been ties the girls to cross borders and state lines for elicit encounters with Epstein and with participating in some of the abuse The most serious charge of sex trafficking conspiracy carries a term as long as 40 years in prison Her trial comes two years after Epstein's suicide while awaiting trial in his own sex trafficking case In New York pater Todd 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 more than 120 countries I'm Leanne guerins of this is Bloomberg Anna Leon Thank you very much Let's do a morning sports update for you now Here's Colin besley Manchester United caretaker manager Michael Carrick says he's proud of his.

UK Susanna Palmer Charles capel sagi javid Bloomberg Charles K Charles cape Edward agar OPEC nation alliance Europe Mike renier regnier Nissan ramaphosa Yorkshire building society U.S.
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:25 min | 1 year ago

"charles capel" Discussed on Bloomberg Radio New York

"As well and get out to Bloomberg and seeing Garrett Yusuf good morning and thank you German Chancellor Angela Merkel held an emergency meeting last night with the leaders of the likely next government coalition to discuss tougher measures against escalating COVID cases earlier in the week Merkel was quoted as saying the latest virus surge vaccinations has roughly doubled in the past two weeks As well as Germany coronavirus coronavirus advice has been tightened across the UK with people being urged to take extra tests and to work from home Bloomberg's Charles capel has more People in England have been asked to take a test before visiting crowded indoor places while those in Northern Ireland are being urged to work from home in Scotland first minister Nicholas sturgeon warned of a precarious position that didn't extend vaccine passports to more venues It comes amid rising cases across Europe raising fears that the pandemic could disrupt holiday festivities for the second year in a row in London Charles cable Bloomberg day for Europe Meanwhile deaths from COVID-19 in Europe could reach 2.2 million by March based on current trends That's according to the World Health Organization They are pushing for more vaccinations Now to a story that's got us all excited this morning NASA's launched a test rocket on a mission to protect earth from asteroids It lifted off from a base in California this morning and will now be testing technology joining us to discuss the launches Bloomberg quick takes Alex Webb Alex as I said hike this morning around this Everyone loves a space launch but tell me why is this so different It is actually really venturing into the wet realms so far of science fiction that we've seen plenty of Hollywood films about asteroids that seem to be about to hit earth This is not yet asteroid that's likely to hit earth but this will send a probe to intercept in fact two asteroids And it will hit one of them and therefore try and change its orbit That asteroid as I said it's not going to hit earth any time but it is good planning in case such an occasion does arise and not expect to have anything in the next century But it's about ensuring that is protected and has a system to push something off course if it happens Now the reason it's two asteroids is because that makes it easier to track whether you have managed to shift the orbit of the one that you're trying to hit because you can judge it orbit against the movement of the other and so that's the sort of intention of the project Alex I remember Armageddon forever in my mind when I think of was the asteroids where I can't remember now but somewhat like that But will this change the future of space and space travel and it will just make it safer if it is successful Well it's really this is really sort of last line of defense type stuff 8 years ago there was a bit of a scare where a meteor hit me too which is essentially what you call an asteroid when it hits earth It hits a near nearest city in Russia called chelyabinsk And people didn't know that it was coming They hadn't clocked this asteroid was anywhere near earth And so usually they reckon that 95% of asteroids that are of meaningful size they know where they are that does of course leave 5% And so if one is detected this gives them the capabilities assume you're all works to nudge it off course and ensure that we don't have you know a dinosaur extinction type event which would of course be the worst case eventuality Well I hope so especially while I'm still on earth but why spend so much money on this Alex given its kind of unlikely But one of the advantages actually of the SpaceX approach is that it isn't as expensive So we're here at Marshalls with Liz for some holiday shopping She's really nailing it this year Isn't she Oh yep she's got a record player for Amy A gorgeous cozy sweater for Jason And some hot pink fluffy slippers for her sister The perfect gift Wait a sec She's getting a pair for herself Well with prices this good it would be rude not to You know what She totally deserves it Oh totally Happy holidays everyone See you at Marshalls Fabulous brands Feel good prices at Marshalls We.

Garrett Yusuf Charles capel Nicholas sturgeon London Charles COVID Europe Alex Webb Alex Angela Merkel Merkel Bloomberg Northern Ireland World Health Organization Germany Scotland NASA England UK
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:35 min | 1 year ago

"charles capel" Discussed on Bloomberg Radio New York

"Is for this EPI to reach the hottest pace in three decades Driven higher in particular by energy prices But analysts will also be watching for more broad based price pressures especially for services Service sector employers have had to raise wages to attract workers Is that being passed along Supply chain snarls are also an inflation problem as companies have to pay more for scarce goods Michael McKee Bloomberg daybreak Europe And here in the UK inflation is one reason Britons are facing a financial squeeze other factors are interest rates and rising taxes and government benefits dropping The National Institute of economic and social research expects inflation will reach 5% by June and a painful squeeze on households in 2022 Meanwhile BOE deputy governor Ben broadbent told a select committee that scarcity of labor is pushing up wages suggesting worker shortages are a constraint on the economy And at 7.3 a.m. this morning the Nisa director Jack dick chatter will be joining us here live On Bloomberg radio talk a bit more about that research that they have just released And when it comes to the latest that the cop 26 summit in Glasgow well Boris Johnson heads back there today in an attempt to make progress on climate talks Bloomberg's Charles capel has more The prime minister will meet negotiators at the cop 26 summit and get an update on the progress of talks to encourage climate action Yesterday U.S. climate envoy John Kerry said he expects talks to produce a deal on carbon trading rules but the UK's cop president Alec Sharma said more progress is needed in the negotiations The summit is scheduled to end on Friday meaning crucial work will take place over the next few days In London Charles cape or Bloomberg daybreak Europe And we are still waiting for the UK presidency of cop 26 to release a first draft of that summit communicate It was scheduled for last night Okay in top corporate news Tesla has lost about a $199 billion just at this week The company sell off deepened with the stock slumping 12% That was on a report that Musk may want to sell some shares to cover his personal debts Separately the CEO's brother and Tesla board member Kimbal Musk sold 88,500 shares for about a $109 million a day before Elon's infamous Twitter poll That represents about 15% of Kimball's equity stake including excluding I should say options Tesla is still up 46% this year And coinbase global the biggest U.S. digital asset exchange reported worse than forecast results after a summertime swoon in the volatile cryptocurrency market more now from Bloomberg's Charlie pellet Coinbase blamed market turbulence and lower coin prices during the early portion of the third quarter it posted revenue of $1.24 billion compared with the 1.57 records at the end of the second quarter many analysts recently inched up estimates encouraged in part by a recovery in downloads of coin bases main mobile app In New York Charlie pellet Bloomberg daybreak Europe And finally Evie maker rivian will price its shares at $78 each after expanding its IPO That's above the top of its marketed range and will raise almost 12 billion U.S. dollars making it the biggest listing of the year and the 6th largest ever on a U.S. exchange Rivian is backed by Amazon and Ford and delivered its first vehicles just a couple of months ago mostly to its own employees And those are a few of our top stories for you this morning Let's get the latest.

Michael McKee National Institute of economic Ben broadbent Jack dick Bloomberg Charles capel Alec Sharma Tesla UK London Charles cape Europe Nisa BOE Boris Johnson Kimbal Musk
"charles capel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:42 min | 1 year ago

"charles capel" Discussed on Bloomberg Radio New York

"World news Good morning Carolina thank you Labor's accused the government of giving a green light to corruption after MPs decided not to suspend Tory own Patterson who was found to have breached lobbying rules Bloomberg's Charles capel has more on the story MPs narrowly voted for a government backed plan put forward by allies of Owen Paterson to set up a new committee to examine the ruling against Patterson and decide whether MPs should be given new rights opposition politicians yelled shame at the government benches and warned of a return to Tory sleaze Patterson denies wrongdoing and said the investigation was flawed because it did not let him heal the ruling or call witnesses in his defense in London Charles cape or Bloomberg daybreak Europe The U.S. and Iran will resume talks on reviving the 2015 nuclear deal on the 29th of November the meetings in Vienna come after a 5 month delay that has led to questions whether the two sides will be able to resolve their differences over sanctions relief Officials will discuss conditions needed for the U.S. to return to the accord which Donald Trump ditched in 2018 In the U.S. elections Democrat film Murphy won a second term as New Jersey governor surviving a Republican challenge by the narrowest of margins the tight contest added to Democrat concerns about the midterms after a defeat in Virginia Joe Biden sympathized with Terry mcauliffe who ran for governor there I was talking to Terry to congratulate today He got 600,000 more votes than any Democrat ever has gotten We brought out every Democrat about there was more votes that ever had been cast for a democratic incumbent I'm not incumbent a Democrat ready for governor And no governor in Virginia has everyone when he's of the same or he or she's the same party as a sitting president But Biden says the Virginia loss shows the urgency of passing his economic gender And the U.S. says China is expanding its nuclear weapons capabilities more rapidly than previously believed The country likely intends to have at least 1000 nuclear warheads by 2030 according to a Pentagon report but China says the U.S. is over hyping the threat Global news 24 hours a day on air and DOM Bloomberg 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 for Hannah with the latest in terms of the world news coming up next on Bloomberg daybreak We're going to think about what the fed moves mean We speak to Ashish marwar ADS investment solutions.

Patterson Charles capel Owen Paterson London Charles cape U.S. Tory Bloomberg Virginia Carolina Terry mcauliffe Donald Trump Vienna Iran Joe Biden Murphy Europe New Jersey Terry DOM Bloomberg
UK Chancellor Sunak to Pledge $5.7 Billion to Help Unemployed Find Work

Bloomberg Daybreak: Europe

00:56 sec | 2 years ago

UK Chancellor Sunak to Pledge $5.7 Billion to Help Unemployed Find Work

"To announce today £4.3 billion of new funding to help unemployed people find work Blue Makes Charles Capel Has the preview now of Rishi soon Ax SPENDING REVIEW. Yoshitsune X plan includes nearly £3 billion out one million people find work on more money to increase the capacity of job centers. The U. K's unemployment rate increased to 4.8% in September, the highest level in four years. Jobs and skills are at the heart of soon X plan for the U. K's economic recovery from the pandemic. But he is also expected to announce investment in infrastructure on public services to stimulate the economy. Coronavirus related spending has driven the U. K's debt above £2 trillion for the first time on the chancellor has so far avoided commenting on potential tax rises in London, Charles Cable, Bloomberg Daybreak Europe We're gonna have

Charles Capel U. Jobs London Europe