18 Burst results for "Lizzie Wells"

"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:09 min | Last week

"lizzie wells" Discussed on Bloomberg Radio New York

"Red hot inflation reading and there was always this threat of Johnson coming back and perhaps this helps with both. Yeah, exactly. There's also another really great UK story much more on our turf. And it's a really, really great deep dive by Gavin Finch, who's well known for his kind of investigative reporting. He and his team have written this piece, the big take is on the Bluebird terminal today so you can read all about it. But it's an amazing story about how the UK power market is being basically manipulated by traders with consumers ending up footing the bill, detailed reporting, lots of charts, and the practice is widespread. It isn't actually against the rules at the moment, although the regulators looking into this, but the regulators called it a sharp practice, it involves some of the biggest UK power companies that this at a time when inflation has been so high in Britain and the issue around businesses and firms having to pay more for their energy supplies is really a crucial one. It means that there's this idea that you can turn on and off the supply of electricity, you know, if something perhaps happens to your power station, but that perhaps that has been used favorably to cash in for the traders. Yeah, the numbers are staggering, the Bloomberg piece investigation shows that 525 million pounds is what they've received from the practice already the UK energy regulator off gem has announced plans to tighten the rules. Okay. Yeah, lovely stuff. Well, speaking of the occasion we focus on the Bank of England, then it's expected to follow the fed of course today in hiking rates. Yesterday's hotter than expected inflation really dispelling the doubts over whether the bank can and should and will raise interest rates. Our UK correspondent Lizzie burden is sitting right here in the studio. Great to have you. What are we expecting from the Bank of England, Lizzie? Well, Caroline yesterday is upside inflation surprise. Kind of uncomplicated things. I'm not going to name names, but there were some economists earlier in the week. Oh, we wish you would, Liz. So diplomatic. Who had said that the recent banking stress meant that financial conditions have maybe tightened so much that it had done the legwork for the Bank of England. Since this inflation print, there's been some furious backpedaling and markets and economists see a quarter point today it would take rates to their highest since 2008. But what you might see is a new dove emerging on the committee in the form of John kunley if he's expected to join sylvana tenreiro and swati dinger in voting for a pause, although I must say he's responsible for financial stability, so maybe he won't descent so that he can show his confidence in the financial system. You might also see some of the hawks on the committee like Catherine Mann after that inflation print going for 50 basis points. So really watch out for the vote split today or be a clue as to whether and how much rates will hike again. So we're not going to have a press conference, but could we see anything in terms of an update to outlook or guidance? Yes, they may give us a hint as to where they see inflation peaking later this year in terms of all the turmoil around Credit Suisse and Silicon Valley bank UK. You might see a tweak to the language in the guidance where the Bank of England says that it's monitoring financial conditions. There was actually a letter yesterday from the governor of the Bank of England Andrew Bailey to the parliamentary treasury select committee in which he said that the Bank of England has long had an eye on SVB UK, which of course ended up sold to HSBC for a pound, so watch out for anything on that. You have to just say, does that help or hinder to know that the regulator is looking at the company for 18 months? I don't know. But that's his bread and butter because remember, he used to be in charge of all of this regulation. Yeah, no, he did quite right. Okay. Then a word on then the Rishi sunak story that Danny and I were just mentioning inflation is central to the prime minister as far as he sees it in terms of his kind of mandate goals for the year. Yeah, it's his number one priority, so not the news he wanted at 7 a.m. yesterday, but actually I agree with you completely. He ended the day pretty much unscathed because, first of all, economists said that inflation still is going to fall later in the year, even if it's a bit stickier than expected now. He won on the Windsor framework 515 to 29 votes even though you had Liz truss and Boris Johnson voting against the government and I couldn't take my eyes off Johnson's televised testimony. You must have seen there were moments when he seemed to lose his temper. We saw the real Boris Johnson yesterday. It looks good for Rishi sunak. It's seems to strengthen him against the Johnson comeback, even if it's cast a bit of a shadow over the other Conservative Party as a whole. Yeah, that's interesting. No, that it was such a moment. Look, even the tax returns of Rishi sunak, which were sort of promised, then delivered today and kind of long anticipated didn't seem to turn up that much. Yes, he paid a huge amount of tax, but we don't really have much detail about what. I mean, half a million quitted tax will be eye watering to many in the UK, but still not slipped under the radar that one. It marked largely because most of his income was on capital gains. Yes, absolutely. Okay, thank you so much for being with us. That is our UK correspondent Lizzie burden. Now, as the Bank of England looks at to follow with a rate hike, which the fed did yesterday. That is all happening despite the recent turmoil in the banking sector, so let's take a view on how business is dealing with all of that. A little earlier our colleague Stephen Carroll and Alex Webb spoke to rich Lester global chair of BCG and began by asking him his thoughts on the state of the U.S. economy. There's just a generally more cautious and uncertain outlook for CEOs. Part of that narrative is fed by inflation, and then the interest rates that are being raised to deal with inflation, the recession risks that emerge from that. But you compound that with enormous geopolitical tensions with the continued revolution and technology and now this generative AI trend that's underway with the pressure from different stakeholders with the need for climate and sustainability. I mean, having been a CEO for 9 years, I can say I watched this trend over my tenure where you just had more and more different kinds of pressures coming. For me, culminated in COVID in the lockdowns. But I think if to be a CEO right now is to face even more pressures from more angles. So then what is the response to that? I think there is a huge emphasis on resilience right now. But resilience is different than restructuring. I think often if you'd have seen a year's worth of negative headlines, like we did in 2008, there was this idea of preemptive layoffs, you know, you get ahead of it by restructuring and reducing costs. There is a cost productivity element. Actually, outside the tech sector most companies are realizing their biggest challenges retain attracting and retaining and developing great talent, and we've seen most companies much more resistant to just doing layoffs as an answer to deal with it. Instead, resilience is often about getting better

"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:59 min | 3 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"The Brexit bonfire of regulations that was once promised, but the rules that the government's promising to repeal today cover areas like disclosure for financial products, Prudential rules for banks. So the treasury released a statement last night. We're going to get more details at 7 30 this morning. But the framing from the Chancellor Jeremy hunt is very much that the EU leaving the EU, I should say, gives the UK a golden opportunity and this is the government seizing it. Remember, only a couple of weeks ago, Jeremy hunt had to deny being the source of a Sunday time story that the government was considering a Swiss style relationship with Brussels, so clearly he's very eager to show that he's championing post Brexit life. He's not a closet remainer. But conspicuously absent from yesterday's announcement were the statement with the words Big Bang two because this is very much a toned down version of the package of reforms that was mooted by Liz truss, things like call in powers, which would have given the financial regulators that given the government the power to overrule the financial regulators and which of course were backed by Rishi sunak as Chancellor and now gone and instead this package has been dubbed the Edinburgh reforms because the Chancellor and the city minister Andrew Griffith are heading across the border northwards later this morning to announce them. Yeah, absolutely. The government statement talking about unleashing the full potential of a potential of our formidable financial services sector, yes, okay, a cheer from the City of London for finally sort of noticing maybe in some ways, but how much is this really to do with Brexit? Well, you've put your elephant in the room there, Caroline, because the ring fencing rules haven't got anything to do with EU rules. The UK went further than its international peers, so Britain didn't need Brexit to repeal them. And as you imply the UK financial industry grew to be world leading when we were in the EU and the UK actually helped to draft much of the EU's financial services regulation. And since leaving the block, the data show, there's been a negative impact in terms of talent moving out of London to rival financial centers, talent and capital. So you've got to ask, is it really the EU that's been holding UK finance back? But to be fair to the government, the Labor Party as well yesterday framed its growth plan in the terms of post Brexit opportunities because clearly both parties feel they have to be seen as wanting to make a success of Brexit, even though increasingly the polls show that Britons have got buyers remorse about it and economists are openly saying it's not just the City of London that's been damaged. It's the entire UK economy when we're desperate for growth. Well, how much then will this plan actually boost growth Lizzie? Well, one of the things that we're expecting to be a noun is that city regulators will be given a new secondary objective of delivering growth and competitiveness, so that's alongside their main role of ensuring financial stability and consumer protection. But the experts are warning that those are just words. There is a piece in the Financial Times this week, in which Sir John Vickers, who, of course, chaired an independent commission on banking, said that this objective is either pointless or dangerous, so you couldn't put it more clearly than that. Yeah. And so very briefly the risks of deregulation. Well, a lot of these rules were put in after the financial crisis, things like ring fencing. So there have been warnings that they could make the UK a riskier place to do business, but it's the risk takers, the government's trying to attract. They are the growth makers. So it's two sides of the same coin, right? Okay, Lizzie Bernard, UK correspondent. Thank you very much. And of course we'll be watching for what details we get when that announcement comes in just about 15 minutes time. Let's get though to a news briefing there with James World

EU Jeremy hunt UK Liz truss Rishi sunak Andrew Griffith Prudential London treasury government Brussels Edinburgh Caroline Labor Party Sir John Vickers Britain Lizzie Financial Times Lizzie Bernard James World
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:50 min | 4 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"21 here in the City of London checking your markets will start equities then, the European benchmark stock 600 is currently down a tenth of a percent building on the losses of yesterday, investors, of course, grappling with the idea that good news is bad news when it comes to the U.S. economy yes, services at data and the services part of the economy came in much stronger than expected yesterday. But that puts pressure on the Federal Reserve, arguably, to go higher. In terms of their rate rises and to do more to constrict at the flows of capital, particularly after the very strong jobs data we got out of the U.S. on Friday. So investors and money markets repricing that terminal rate above 5% for the federal observe, the implications then across the equity markets, of course, and currencies, futures though in the U.S., looking at modest gains of two tenths of a percent on the S&P E minis after three days of losses, stateside. Here in the UK, the FTSE 100 is down. By ten points 27,556 across your currency market springbok dollar index is up by a tenth of a percent Euro dollar trading at one O four, the pound at one 21, the benchmark U.S. Tonya at three 57, not all the movement there, Brent though, up by 6 10% at $83 a brow. That is a check of your markets, Lizzie. All right, now build back better. That was the UK government slogan for restoring growth after COVID, but now some are questioning whether the conservatives can build it all after Rishi sunak dropped plans for house building targets in the face of a major backbench rebellion. Our political editor kitty Donaldson joins us now. Kitty, this climbed down. It's on a major flagship piece of legislation. It demonstrates how Rishi sunak's beholden to his back benches, but I have to wonder, surely it's a relief to the prime minister that at least his backbenchers can rebel without it being a question of bringing down the whole government. Yeah, I guess so. Morning Lizzie. Well, it's a win in the government's not for them, but it's not a win though, is it? If you can't get your one of your key planks of legislation through, I think it's quite interesting actually this piece of legislation because it kind of goes to quite a lot of what the Tories are about at the moment. On the one hand, you've got the kind of old chaya Tories who are saying, please don't build sort of ugly new houses on our beautiful bits of the countryside. And then you've got other I'm generalizing here, but then you've got other Tories in different parts of the air at parts of the country, such as so called red wall up in the north. They're saying, come on, we really need new houses or new flats or for potential voters. It's one of the biggest indicators of whether people vote Tory is whether they own their own home. And even though this rebellion has been conducting quite a civilized manner, I must say, actually, better than some of the arm twisting we saw into the distrust administration. Even so that looks quite weak this morning. Yeah, some of it was pretty physical arm twisting. Wasn't it? So he looks weak because this is essentially an ungovernable Conservative Party, would be the argument of some. Exactly. He's got an ostensible majority of 70. But he can't get key bits of his legislation through and you know that kind of, it just sort of feels like the clock is ticking down towards the next election. He hasn't got a particular mandate of his own and that actually there might be another rebellion as well. What we're hearing is that the government and rebels on the same piece of legislation actually, the leveling up and regeneration Bill. They're having talks now about dropping an effective ban on onshore wind farms, and some of the rebels want to do that because they say energy prices are so high now that we need energy prices to come down and anything we can do to help that will be the better. But then you go back to the same argument with possibly older more traditional Tory, possibly representing a kind of beautiful bits of the countryside who say, actually, no, we don't want these ugly great wind farms in our areas. And so you've got those two those tensions there and that kind of highlights exactly what's going on in the party at the moment. So we've got these two rebellions and only just this week we had the CBI's Tony danker criticizing the government for not doing enough to grow the economy, but it seems like the growth, the growth agenda is very offshore right now, kitty. I guess so, I mean, both parties are saying we need to grow the economy. They've got different approaches. I think they're on the leveling up issue that the Boris Johnson argument for devolution is essentially one, though, so when Boris Johnson made a quite a rambling speech about a year ago saying this is what leveling up means it means local local authorities, local councils have quite a money spending powers. This is effectively what's now happened. And when the love of our bill goes through, this will be enacted, but also yesterday Keir Starmer was talking about devolving power solo areas as well. So I think the philosophical argument has been won. It's all sort of done by the shouting. What about the industrial action? This is another challenge for the sunac government. Do they have a clear strategy on how to deal with the threat of industrial unrest with the demands for higher wages across multiple different sectors, kitty. No, it's a short answer. They are very much fighting fires all over the place. There seems to be a kind of contagion of public sector strikes at the moment. I'm sure you've heard Mick lynch of the RMT, the rail workers union, he's ripping out and about this morning, why they're going to strike over Christmas. And the government said, well, this is disappointing. But

Rishi sunak U.S. COVID kitty Donaldson Lizzie UK Tonya Federal Reserve London Tony danker Conservative Party S Boris Johnson government CBI Keir Starmer Mick lynch
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:31 min | 4 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"Ballots were being put in boxes and brought to different places that the tabulators were not working. And Bill Gates, the. Supervisor of the county, Maricopa County forgive me. He was with us a couple of days ago here on Bloomberg sound on. It's just asking everybody to bring it down a notch. Listen. I'm concerned about getting this count done. And that's what everyone in this building is concerned about. Everybody needs to calm down a little bit. Turn the rhetoric down. Yeah, he's telling reporters, they're going to be counting through the weekend. So that's not just the Kerry Lake race. That's the Senate race as well. Mark Kelly. Who's up by about 5 percentage points, 5 and a half percentage points here in Democrats feel pretty good about it. Let's assemble the panel and start the conversation right there with Rick Davis and Jeannie chansa no Bloomberg politics contributors. Rick, you've been pretty consistent about this. You didn't expect to call in Arizona last night. You don't expect one tonight. How long are we looking? Probably through the weekend. This is not unusual. This is pretty much how Arizona counts ballots. And Maricopa is one of the largest counties in America, so it's a lot of ballots to count. And they get a lot of criticism, but they do have pretty throw job. Remember, when they were protested in investigations occurred in 2020, it turned out that their count was incredibly accurate. So if you want it right, you got to do it right, and I think that's exactly what they're doing. So they've got 350,000 more ballots account. It'll take through the weekend and probably into Monday. And that gives Kerry Lake plenty of opportunity to spread some pretty wild conspiracy theories. Here, Jeannie, are we at the point of danger when someone like Bill Gates comes out to brief reporters and asking Kerry Lake to call off the dogs. Remembering the environment we were in with people stalking drop off boxes, ballot boxes in the days leading up to this. That's right. And she is helped in this effort by Donald Trump, who has been out saying similar types of things, but the reality is, is the way in which they count the ballots as Rick just talked about is long been known. They have said how long it was going to take, it may not be the way everybody wants it, we may have wanted the results on election night, but that simply not the way they do business out in Arizona. And Kelly had a lead when the Maricopa County ballots came out last night by about 13%, so he extended his lead overall about 6% versus masters. You know, we don't know how it's going to turn out, but there's going to continue to be updates, and they think they're not going to really finish counting until after the weekend. So everybody has just got to hold their fire, but of course that doesn't work politically for somebody like Carrie Lake, so she certainly won't. Looking at Nevada, it's kind of a similar situation here, Rick, where you've got a race that is not able to call it, but Democrats feel pretty good about it over a 100,000 at last I heard ballots that had to be counted still, many of the mail in from urban areas. And so they feel like they might be able to close this deal. Could you see a world in which Arizona and Nevada both go Democrat in the next 24 to 48 hours? Sure. Arizona, the trajectory in the Senate is already pretty much baked, right? It had something extraordinary would have to happen for Kelly to lose that race. So when you look at laxalt being up by what? Less than 9009 thousand votes. And with over a 100,000 left and trending toward the Democrats, I mean, it's a slippery slope. And there's no question that Cortes masto could get there. But again, this is going to be like somebody wins by 15,000 votes or 10,000 votes. And so sure, it'll probably go to a recount. We'll still be talking about this by the end of next week. But at the end of the day, I think Democrats are right. I mean, the trend is with them. Counting takes a while. And at the end, if I were a betting man, I would have to say that Cortez masto overtakes lax alt by a few thousand votes by Monday or Tuesday. Interesting challenge to the leadership in the Senate. Everyone's been talking about Kevin McCarthy and I see at the punchbowl got a copy of a letter from senators Rick Scott, Ron Johnson, Mike Lee. Calling for a delay in the leadership election. Dear colleagues were all disappointed their red wave failed to materialize and there are multiple reasons it did not. It says we need to have serious discussions within our conference as to why and what can be done to improve our chances in 2024. Does Mitch McConnell have something to worry about, Rick? You know, look, I mean, this was a bad year. And he's in leadership. So yeah, sure. Rick Scott, Lizzie. Well, you know, probably not. I think there's a lot more insulation in the Senate than there is in the house when it comes to influenced by people like Donald Trump and trying to move leadership. But look, I mean, there are people like Rick Scott, who had been saying all along, that he wanted to see a leadership change What's interesting is no real leadership types are calling for a change. So my guess is this is the fringe committing and it won't amount much more to that. And look, nobody said it more than Mitch McConnell if he'd had better casting characters to run this cycle. He might have had a better cushion of victory. Genie, I see you over there, a democratic analyst sort of smiling through this whole conversation, even though we're not in the same room, but is this not the best thing that could have happened to Democrats here? Sort of not losing a huge number of seats, but hand the majority over to

Kerry Lake Arizona Jeannie chansa Maricopa County Bill Gates Rick Senate Mark Kelly Rick Davis Rick Scott Carrie Lake Bloomberg Maricopa Donald Trump laxalt Jeannie Cortes masto
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:23 min | 6 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"You and thank you, Elon Musk has revived his bid to buy Twitter the original price of $54 and 20 cents a share, the move back tracks on his effort to quit the deal and potentially avoid a contentious courtroom fight, confirming a Bloomberg report Musk made the proposal in a letter to Twitter on Monday, according to a file with the U.S. SEC Twitter shares climbed 22% after that news did break. Now Liz truss will close a Conservative Party conference by defending her approach and pledging a New Britain for the new era in her first conference speech as prime minister shall underline the Chancellor quasi Quartet's plan to boost economic growth. She has a tough task for restoring morale after a bruising few days, which exposed deep divisions in the party following her U turn on tax cuts and the debate that's now a bubbling around benefit payments. And Tesco, the UK's largest supermarket says profit this year will be at the lower end of a previously guided range. The retailer reported a 0.7% rise in like for like UK sales in the first half, beating analyst estimates for 8 decline. Tesco is fighting to keep shopper loyalty as consumers decamped to cheaper rivals like Aldi and lidl with inflation at a 40 year high. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries and Jan guerin's this is Bloomberg Stephen. Leigh Anne, thank you very much while the prime minister will be trying to get her stumbling premiership back on track today in that speech at the Conservative Party conference in Birmingham a tall order though for more let's go to our economics and government correspondent Lizzie Burton, who's in Birmingham for us this morning. Good morning to you, Lizzie. What should we be expecting then from Les trusts? Well, Stephen defiant is the tone that Liz truss is going to try and strike today. She's going to want to ensure us that she's going to get on with the job even if it's unpopular. But that's not going to be an easy message to deliver given that this conference started with her massive U turn on the top rate of tax. And then now, at the other end of the equality spectrum, her cabinet seems really divided over welfare payment. Trust has hinted that she would not commit to Boris Johnson's pledge to raise benefits in line with inflation because perhaps it would help to incentivize people into work. It would save money to pay for her tax cuts, but that's controversial given of course we're in a cost of living crisis and also 38% of people who receive the main kind of benefit are actually in work, but I've been speaking to cabinet ministers, Chloe Smith, the work and pension secretary Chris Philip, the chief secretary to the treasury, none of them want to give a straight answer on what the government is going to do, but Chloe Smith I have to say hinting that what she wants to do is protect the most vulnerable. So a bit of a gap there from truss message. And really, it risks not just stoking divisions within the cabinet and the party, but also widening the rift between labor and the Tories in the polls because this goes back to the image of the Tory's governing only for the rich. So questions over her vision in that we've seen quite a lot of disagreements at conference about where policy should go, but now some people asking questions about her survival, what's the latest there, Lizzie? Well, I would just say about the speech as well. I've not seen many MPs this morning only cabinet ministers doing interviews because many Tories were drowning their sorrows last night and probably gone home to avoid the train strikes early. So you have to wonder whether the applause for the p.m. in the conference hall is going to be that impressive later on. We have heard from cabinet ministers that they think trust is going to be a lame duck for the rest of her premiership because we've already seen this one new turn perhaps we're going to see more when it comes to planning reform or the cap on bankers bonuses. It looks as if truss is so vulnerable that she's going to be pushed around on these other issues. And we spoke to Mel stride, the treasury select committee chair yesterday. He said it's going to be a bumpy road ahead for exactly that reason. Lizzie in slightly brighter news behind the scenes we are getting news that perhaps there could be some progress made on the issues around the Northern Ireland protocol, which could lead to an improvement relations with the EU. The UK is seeing a deal on Northern Ireland on trade within weeks and that could be by the end of next month. This is, according to the Northern Ireland secretary Chris heaton Harris, he's been speaking Tory conference and the foreign secretary James cleverly also said that the tone has improved. So essentially, the issue is you well know Stephen has been that the EU wants the UK to marshal checks between GB and Northern Ireland, but the UK says that's unnecessary and it just slows trade down to on the trade flows. But remember, trust was foreign secretary before she was prime minister, one of her last acts as foreign secretary was to introduce a bill to scrap vast ways of the Brexit deal. That soured relations if they can soften the tone and move on

Liz truss Chloe Smith Conservative Party cabinet Tesco Bloomberg Jan guerin Bloomberg Stephen Lizzie Burton Elon Musk Lizzie Twitter Birmingham UK New Britain
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:31 min | 7 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"This morning. Just in terms of the stock futures for the U.S. in the red, for both the NASDAQ and the S&P 500 S&P 500 evening futures down 6 cents of 1%. And we now sink half of 1% at the start of European trading. So the futures have been pointing lower. We are more risk averse. We're looking ahead to the Jerome Powell speech at Jackson hole on Friday. Thinking about more tightening by the fed, the cat cow aunt is actually down by 7 close to 8 tenths of 1% and in the Asian session, it was really only China that avoided losses CSI 300. I was up 7 tenths of 1%. We also have a much stronger U.S. dollar and a more than one month high. I up by close to two tenths of 1% on the Bloomberg dollar spot index, oil prices also pulling back brand food now down 1.7% Anna. Okay, so those are the markets for you this hour. European markets then on the back foot, let's step away from the markets for a moment and get to our top stories. Talks are due to be held between the unite union and the port of Felix so on the second of 8 days of planned strike action. Nearly 2000 dock workers walked out yesterday, unhappy with the port owners offer of an average pay rise of 8%. Unite, which is organizing the strike, says the industrial action will have a significant impact on the UK supply chain. Bobby Morton is unites national officer for docks, rail ferries and waterways. Were available every day for the next 7 days, but we're not going to sit with the company who are just going to say, we're not going to move from our position. No point whatsoever in that. That was the united national office of Bobby Morton, according to the Russell group, the strike could disrupt more than $800 million of trade. And now the price that UK households pay for gas and electricity could more than triple over the next 8 months, according to a new forecast, and as you can see auxilium estimates that the price cap could top 6000 pounds from next April as a lack of supply from Russia continues to upend the European gas market, conservative MP Chris philp, who is backing Liz trust to be the next British prime minister, says that any government support to tackle rising bills will need to be well thought out. Have not obviously seen all of the data and all the information, I think it's right that rather than make a kind of off the cuff quick promise that she and her team want to look at that properly and respond in a way that makes sure people are looked after. That was the conservative MP Chris Philip, business actually quasi quang, also backing trust to replace Johnson as the next prime minister, wrote in the mail on Sunday that, quote, help is coming for households, but declined to outline specific policies. Now to China's deepening economic slowdown, Chinese banks have cut their loan prime rates to help the property market, Bloomberg's Brian Curtis has more from Hong Kong. The one year rate was lower just 5 basis points to 3.65%. The 5 year rate a reference for mortgages was cut 15 basis points to 4.3%. The rate cuts follow news on Friday of additional financing to prop up the real estate sector. Chinese developer stocks jumped in Hong Kong. It comes as the economy faces pressure on a number of fronts. In the meantime, authorities have extended power cuts in Sichuan province. They've activated the highest emergency response. In Hong Kong, Brian Curtis Bloomberg daybreak, Europe. Allow to the energy issue Germany's leaders say that the country may need to resort to nuclear power if it can't replace its Russian natural gas imports, the Chancellor Olaf scholz and economy minister Robert harbeck have confirmed that they could extend the lives of the nation's three reactors beyond December if needed, Europe's worst energy crisis in decades has forced politicians to look at alternatives including atomic energy, which Germany had previously said that it would stop using by the end of the year. And as you mentioned Caroline, we're seeing higher gas prices on the European benchmark this morning. Now, Singapore has taken a cautious step to decriminalize sex between men, prime minister Li xien Leung says attitudes in the socially conservative state have shifted towards homosexuality. The government will repeal section three 7 7 a and decriminalized sex between men. I believe this is the right thing to do, and we need to find the right way to reconcile and accommodate both the traditional mortise of our society and the aspiration of gazing upon to be respected and accepted. That was Singapore's prime minister lung, he did stop short of recognizing same sex unions though, saying the constitution will be amended to protect the definition of marriage as being between a man and a woman. Singapore is among the 69 countries that criminalizes sex between men currently offenders can be jailed for up to two years under current law, though this has not been enforced for a decade. Okay, those are a few of our top stories this morning. Let's dive into the story around the summer in Britain, which has already seen travel disruption due to train strives. Now we have 2000 dockers at Britain's key port staging an 8 day walkout workers have been pushing for high wages in the face of climbing inflation. Let's go live now to our economics and government correspondent Lizzie burden, who is at Felix dowe Britain's largest container ship port. How much disruption is this going to mean for trade in Britain Lizzie? Well, Caroline, the Russell group has estimated that this will cause 800 million dollars worth of disruption to trade at the port. Of course, this port handles a third of the UK's container trade. We're actually joined now by Paul Davey, head of corporate affairs for the port of felixstowe. Thank you so much for joining me, Paul. There are different figures floating around. What is the pace settlement that you've offered and the unions have rejected? Well, the payoff that we've made is 7.5% plus 500 pounds plus some other changes which improve the pay further for the lower paid workers and that means this year it's an increase between 8.1% and 9.6% depending on the job. Well, given that we're already facing double digit inflation in the UK, that's only set to climb when energy bills rise in the autumn. Is that fair? I think it's very fair. I mean, this paid deal goes back to the 1st of January this year when of course inflation was much lower. There will be another pay deal on the 1st of January next year and also the offer that we've made is significantly better than the 5% that most people are getting and

Brian Curtis Jerome Powell Bobby Morton united national office of Bobb Chris philp Chris Philip Russell group Hong Kong unite union U.S. Jackson hole UK
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:19 min | 8 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"Now here's the anger and with more of what's going on around the world. And let's start with bank earnings credit suite has reported its third quarterly loss in a row, the Zürich based bank reported a net loss of CHF 1.59 billion in the second quarter, the firm also announced a start of a comprehensive strategic review and a newly allowed CEO Aldrich kerner in a warring sign of growing economic uncertainty the bank also recorded net outflows of a CHF 7.7 billion. And Credit Suisse is far from the only European lender to be reporting to date Deutsche Bank posted a beat in its fixed income department of €2.3 billion. Sorry, €2.39 billion, but it's updated targets for the rest of the year are more pessimistic. The German bank cut its full year investment bank a revenue goal and also warned it will miss its cost income target for the year really hurting its profitability. And unique credit doubled its analyst expectations net income was €2 billion compared with a €1.02 billion estimated by analysts, the bank said it intends to go ahead with her remaining €1 billion share buyback on 2020, one earnings and has submitted a request to the ECB for authorization. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, I'm Leanne guerin's, this is Bloomberg, Lizzie. Well, as Anna says, not much is happening in the markets despite about a third of companies in Europe having reported their earnings. Higher costs have finally broken the resilience of European companies with all sectors being hit and share price reactions showing investors are hard to please this season as recession in Europe looms. Joining us now to tell us why is Tim Craig head senior European equity strategist and director of research for Bloomberg intelligence. Tim, we've had about a third of the results in. What's your current assessment? Look at the very unusual reporting period as we are seeing develop in front of our eyes. We've got a big split between sales and earnings, which is highly unusual sales at this point. Growing about 22%, that's what we're tracking with about 60% of the companies reporting so far beating expectation. That's unambiguously good. If you think about it, earnings, however, growing only 13%, which is disappointing versus initial expectation. Only roughly 35% or so of companies are beating and more than 50% are missing. So like I said, it's a big divergence in hits versus misses top line versus bottom line that is worrying. What is driving that split between what's happening on the sales line and lower down the P and L then Tim? Yeah, we're seeing the first signs of negative operating leverage after years of margin expansion. We had pandemic restructuring at lower costs. We had the recovery of the economy. That helped spur margin expansion. And now we're hitting a fan from the standpoint of it's harder across many businesses to pass along the higher costs. And when you do pass them along, we're starting to see an impact on demand. And so it's a case where we're starting to see operating margins crack. It's not been huge so far, but it's something we've been worried about for a bit and we think that there's more of that to come as we head into the second half of the year. And Tim, we've had all these bank earnings, how much is it about what's actually going on inside the banks and how much is it to do with the impact of rising rates? Yes, that's so true. In terms of the way you couch that, if you look at Lloyd's, if you look at unit credit, this is what you would think from a core commercial bank with higher interest rates. You've got net interest margin expansion of positive impact on the bank. This is good news. Both of them have good capital positions, et cetera and whatnot. On the flip side, you've got Credit Suisse, which on the one hand isn't as levered to rate given the nature of

Zürich Aldrich kerner Leanne guerin Bloomberg Tim Craig German bank Bloomberg intelligence Credit Suisse Deutsche Bank
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:25 min | 9 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"New ones, I think, is the sense I get is if there are delays to the stress test, it will be less because the Bank of England wants to cut the lenders some slack and more because it's not actually that worried about their resilience. It's said in December that the 8 biggest banks had passed the stress tests, they could weather a double dip procession, more recently it said that none of the big banks are going to need a public bailout in the event of a crisis. So I think that's an important point and the surprise would be today if they set out a timetable for when the stress test will be. Are we likely to get any more information on the potential regulation of cryptocurrencies today, Lizzie? Well, crypto and omicron were the focus of the last stability report. Because that was before the war in Ukraine. So investors will be looking for a continuation of that focus and particularly concrete evidence that there's going to be regulation on crypto and especially where the regulatory perimeter will lie. And it's because, of course, you've had tough talk around the world about crypto regulation, including from the deputy governor Sir John kunley. He said that unless you get urgent regulation, the crypto market could throw a threat to financial stability. And the way he put it was even though the crypto markets are dropping the ocean of the global financial system. It's now bigger than the subprime mortgage market that started the global financial crisis. And it's not so much about the current size of it as the rapid growth that threatens financial stability. Okay, that's really interesting. Yes, that the Bank of England actually last month said that it was going to scrap. So we've had them for years, but now is that the kind of responsible move, the housing markets under question. Well, the whole point then was to stop property prices ballooning after the crisis and stop households drowning in debt, but of course it's a very different situation now. The Bank of England has hiked interest rates 5 times. There have been plenty of warnings that you're going to see that upending the housing market, but at the same time, if you look at the latest data, mortgage lending rose the most in 8 months in May, it suggests that actually the market's defying the headwinds. And while you've had the bank scrapping the affordability test, it is still keeping the loan to income ratio of 4.5%. So while you could ask whether it's irresponsible to scrap the affordability test, keeping that ratio is still going to create difficulties for lots of first time buyers. Okay, Lizzie Burton, our economics and government correspondent. Thank you very much for that. Yeah, very good to have you in the studio this morning. We'll have more throughout the morning on those Bank of England stress tests. But let's go to another of our big stories this morning. The Biden administration is considering an easing in some of the tariffs on $300 billion worth of Chinese imports. Joining us now is Bloomberg's global business with porta Bruce einhorn good morning Bruce thanks so much for being with us. So these are Trump era tariffs remained in place a long time, but obviously inflation in the U.S. has been soaring so that the Biden administration may roll these back. What do we know? Well, we know that there's a deadline in July for the administration to start taking action on these tariffs. Because otherwise, some of them are scheduled to expire. So the administration is likely to, well, it's people familiar saying that the administration may announce as soon as this week that they're going to ease some of the tariffs. People familiar say that the president has not yet made a final decision though, so it still remains to be seen where they will go. But it seems that there is indeed movement or at least pressure within the administration from some people who are saying that the tariffs didn't really accomplish what they were meant to and are inflationary at a time when inflation is probably the top political concern for the administration. So Janet Yellen, a new hay had a conversation which was described as candid and substantive. In the smoke signals that we get out of these meetings, is that something that we should feel optimistic about? Well, we know that the vice premier did have a talk with the treasury secretary and according to the Chinese statement afterwards, they did discuss tariffs. Leo told Janet Yellen that the Chinese government was paying attention to this. It was also paying attention to fair treatment of Chinese companies. So we know that the Chinese want the tariffs to go. The question is just whether the Biden administration feels that there's political support for this. One big concern that they'll have is that labor unions are opposed to ending the tariffs. And President Biden has committed to being a strong backer of labor unions, the Democrats, of course, need the labor union support for the midterm elections in the fall. So there is some opposition to that on the other hand. There are people who are saying that, again, these are inflationary and accomplished what they were meant to. Okay. Bottom line though, China obviously continues to export far more to the U.S. than the U.S. does to China. So just looking at exports in the first 5 months of the year, they grew 15% China going to the U.S. in dollar terms. So that's the sort of bottom line that the relationship remains stable in the sense that China is the factory to the U.S.. That's right. And another concern is whether or not ending the tariffs will actually have any impact on inflation. People familiar say that The White House has actually asked companies to make a commitment that if they if the U.S. agrees to ease some of these tariffs that companies will then pass those savings through to consumers, but people familiar say that executives of these companies said, well, no, we're not going to make that kind of commitment. So it's questionable just how much of a tool this is. In fighting inflation, at least in the short term. Okay, one to watch, Bruce einhorn our global wrestling reporter, thank you very much for joining us with the latest on that the latest on the Chinese the U.S. tariffs on Chinese goods and what developments. Maybe follows this is Bloomberg

Bank of England Biden administration Sir John kunley Janet Yellen Lizzie Burton porta Bruce einhorn Lizzie Ukraine U.S. Chinese government President Biden Bloomberg Bruce China treasury labor union Leo
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:20 min | 10 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"Back data protection rules and cookie consent boxes in an effort to boost business and research The department for digital culture media and sports says that the data reform bill will save businesses a billion pounds over ten years at 8 30 a.m. this morning will be speaking to the data minister Julia Lopez about the plan Have you spotted these Stephen effectively when you go to website you have to click on a box How could you not Yeah it's a bit annoying so there you go There's a change for the UK coming Okay those are our top stories Let's get more on the markets now and bring in our market side editor lorcan roach Kelly lorcan the bank of Japan moving currency markets this morning but of course only just the latest Central Bank to have done so What are we seeing today At this point in expectations of major hosts so far we're still waiting for quota to give us press conference So what that's not we have a better idea of where the policy is or we're still expected very little change It has been a huge few days for Central Bank policy We saw the fed to 35 basis points to the surprise move from the Swiss national bank yesterday that committed more than but also the European Central Bank government actually donated all but they've been driving so much headlines last few days with their emergency and what tried to do to some of our European spreads So it's been a crazy week for central banks Some of these stuff has happened but I think we're still a long way from where we've got to be at the end of this policy move cycle Yeah absolutely And stocks have really also been on quite a wild ride A European and U.S. stocks slumped yesterday Now futures are pointing higher But it's all about whether or not we price in recession yet or not I think it was my first target pricing that earnings recession maybe the stock company earnings version I think we're a long way from having to say we better precisely placed it But 2002 1007 At the beginning of 2000 they've also had an early 50% pullback in the S&P 500 We're at over 20% now which is our last half and quite quickly But if you're looking for where's the bottom April combat tours we're still a long way from different organization markets on our program What about bond markets and in all of this They're the other of course big factor we've seen move dramatically as a result of central banks this week I would like to be at Italian bond trader for the last few days that was the E three decision last week compared to that followed by the U.S. inflation on Friday We carried the bond market just volatility tapped open So we saw huge growth in Europe particularly in the Italian yield as we've seen we actually kind of pre built back We saw that reports we have like our speech for your financial expenses as they again point to Close spreads but it's also there to make sure spreads are not blowing out too much So that is a private place We'll find out more towards the end of what I think we should be starting to carry down in European bob the next few days because the news flow has been pretty incredible Okay market cyberattack and roach Kelly thank you very much for that for real-time market commentary and analysis Check out markets live on your terminal That's MLI V okay let's bring you some breaking news lines this morning Firstly from Tesco first quarter like for like sales are down one and a half percent There's much worse than the estimated half of 1% drop Ken Murphy the CEO of Tesco the supermarket chain says that we are seeing some early indications of changing customer behavior as a result of the inflationary environment Again he's been describing the environment as incredibly challenging for the retailer we also have news from Glenn core today which is saying that it's seeing its first half marketing units adjusted EBITDA to exceed 3.2 billion that is the top end of its long term adjusted guidance for that unit Okay so that also from glencore this morning Let's move on And just talk about the fallout from the Bank of England this morning In terms of more hawkishness so the expectation really after that interest rate rise the 5th consecutive rise in a row is that it's also opens the door to an outsized hike in the coming months The bank is trying to cool the UK's red hot jobs market even though the risk of recession is really uncomfortably high Yeah and also the inflation projections going further into the year are pretty staggering as well 11% now the bank sees inflation peaking at which is high of course and something that will be very worrying for customer for consumers in the UK as well in the context of getting that statement from Tesco to where they're talking about already starting to see the changes in behavior as a result of an inflationary environment and that is something that you know if we're already seeing that now and we're talking about inflation going that much higher by the end of the year there's a bigger consumer impact picture that we're going to have to worry about when it comes to inflation in the UK Yeah absolutely So the 9 member NPC of course is voted 6 to three to increase the benchmark lending rate 25 bps to 1.25% Joining us now is Bloomberg's emea economy and government reported Lizzie burden So effectively why did the Bank of England raise 25 basis points when we know that the inflation picture here in the UK is so difficult Yeah you have to ask what more do they need when you've got a cost of living crisis blazing outside the bank to make them act tough But the reason was that the 6 of the 9 member military policy committee are concerned about this recession in orbit name in the UK the economy is contracting consumer confidence is low the housing market is starting to slow the OECD doesn't see any growth in the UK next year But there were other three other members who dissented in favor of a 50 basis point hike and actually they're a little more optimistic about how much demand is going to hold up in the face of this high inflation The other 6 reckon that inflation is going to tame itself because of these recession risks and the weight on demand But while the decision was quite dovish the guidance was more hawkish and actually they're saying that they're going to act more forcefully in the future crucially this time all of the monetary policy committee are signing up to this guidance whereas previously two members didn't want to even say that more tightening down the line might be appropriate And so markets are interpreting this as we're going to get a 50 basis point hike in August another two to follow that and then finally ending the year on a 25 basis point hike So that would take the key rate to 3% by the end of the year Okay and with the expectation of inflation peaking at 11% we were just talking about how the expectations now around inflation become on anchored Lizzie Well the chairman of the treasury select committee mail stride was with you in the studio yesterday and so says he he was pointing to the inflation attitude survey that came out of the Bank of England on this time last week which showed that public confidence in the Central Bank to do its job and control inflation is a to record low inflation expectations are up even the bank had to upgrade its inflation forecast for peak inflation yesterday to 11% now And that's because you've got the energy price cap set to rise in October But yes people in the UK have less faith because they're asking for rage rises to compensate for this price growth which is why inflation is set to last longer here than it will in other countries It will fall in other countries faster when price grip commodity prices fall Okay yeah and the Bank of England now expecting inflation to peak above 11% I mean that is a sort of staggering figure isn't it concerns about whether or not the inflation pictures become unanchored More than 5 times the Bank of England's target That it really is staggering But you have to ask whether they do need more data and whether this caution is warranted for other people for other analysts and economists who are raging on Twitter today This is just a pointless hike Okay Bloomberg's emea economy and government reported as Biden thank you very much For that of course energy prices being one of the things that is driving inflation We've got the spike in natural gas prices in Asia and trading today will be breaking all of that down with Bloomberg's energy.

department for digital culture Julia Lopez UK lorcan roach Kelly lorcan Central Bank European Central Bank governme Tesco roach Kelly Bank of England Ken Murphy Swiss national bank Glenn core bank of Japan U.S.
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:30 min | 11 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"We had the fastest economic growth in the G 7 last year and will return to that status by the way by 2024 This is beaker Meanwhile labor leader Keir Starmer has accused bols Johnson's government of being too out of touch and two tired to make the changes needed to address the cost of a living crisis And Elon Musk said he would reverse former president Donald Trump's permanent ban from Twitter once he does take control of the company I would reverse the from a ban Obviously I'm not I don't own Twitter yet so this is not like a thing that will definitely happen because what if I don't own Twitter Well exactly What happens if he doesn't own Twitter Musk told a conference Twitter was a foolish in the extreme for kicking Trump off the site and that ban undermines trust in the social network Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Leanne guerin's this is Bloomberg Steven Leon thank you very much We're just going to bring you some news from continental to tyron auto parts manufacturer just coming in with their first quarter results the company confirming its full year prognosis the CEO saying the price increases did affect significantly its first quarter results the same the company is working with its customers to share the burden of increased costs He's talking about price increases affecting procurement and logistics This is the supply chain story we're seeing about this but an interesting player in the auto industry which we know is one of those that is very reliant on global supply chains and getting goods across borders Yeah absolutely fascinating So that in terms of the earning raft that we've had out this morning Right let's return then to the story though that's dominating here in the UK Boris Johnson has set alarm bells ringing including amongst some of his own MPs by insisting that the government has limited options for tackling surging living costs in the UK The prime minister set out his parliamentary agenda yesterday and to discuss with joined by a UK economy reporter at Lizzie Burton a good have you on So I mean really what the government said it didn't seem to be enough didn't seem to please his own MPs or the opposition right Exactly The prime minister instead was focusing on the longer term health of the economy He announced little beyond an extension of the energy price cap to deal with the short term pain of the cost of living crisis He said the government couldn't fully shield Britons from the impact of soaring inflation He emphasized the need for a responsible approach to the public finances and Caroline this is despite all the criticism that the Chancellor Rishi sunak took after his march budget for not doing enough to help the poorest household It's despite all the hints Bank of England officials dropped after their fourth straight rate rise last week that the ball is now in the treasury's court So the opposition is now calling for an emergency budget It's not just labor but don't hold your breath because Johnson spokesman says that simply isn't coming though we might get more announcements in the coming days One of the other issues we were watching very closely for in this speech was Northern Ireland would Boris Johnson use the opportunity to announce they were going to rewrite the Northern Ireland protocol that deal that effectively created a customs border in the Irish sea to deal with issues around Brexit What did we hear about this issue Lizzie Well there are no signs of an intention to unravel the protocol in the queen's speech although there was a lot on Brexit the government pledged to take advantage of its new legislative freedoms Part of the reason something was expected was that the pro UK democratic unionist party is refusing to join a government with the nationalist Sinn Fein unless action is taken on the protocol But we may yet get more in the pipeline There were reports that the UK could move unilaterally to drop checks on goods going from Britain to Northern Ireland which would effectively allow businesses to disregard EU rules but that would risk a trade war with the block and that would only add to the woes of the cost of living crisis It couldn't be a worse time In terms of the business response the CPI confederation of British industry says that the government needs to focus on delivery Delivery I suppose instead of slogans the queen's speech focused around the same pillars that the general election manifesto in 2019 was built on Achieving net zero leveling up and getting Brexit done The government would argue that it hasn't had the chance to progress on them because of the pandemic but now businesses and voters will want to see action The slogans translated into delivery before the next general election which can be held no later than January 2025 Johnson will be painfully aware of that but there is this pressure to deal with the immediate cost of living crisis So again as always it's events dear boy events getting in the way There were a lot of other issues brought up as well in the queen's speech One that Tory MPs had been watching out for was an announcement about housing reform What did we hear Well there was this ban on no fault evictions that's gone down very well with the usual suspects in the Tory party also neighbors and going to be allowed to hold referendums street votes over the size and style of extensions new homes and conversions on their road It's kind of bringing nimbyism not in my backyard ism into law So you can imagine how popular that will be but the key measure that people were listening out for more house building to deal with the property shortage that's fueling the house price boom that never came And street votes seem to run against that aim So the former conservative housing secretary Robert jenrick said the government will miss its target of 300,000 new homes a year by a country mile Yeah all of the newspaper from pages this morning are leading on this story Boris promises firepower to help hard hit families So that's the kind of positive line from the daily express the opposite take from The Guardian Tory's bereft of ideas to tackle the cost of living crisis So yeah and lots of images of course of Prince Charles because he was the one who actually delivered the queen's speech rather than the 96 year old a monarch who was absent That was also pretty interesting Lizzie thank you so much for being with us in the studio Bloomberg's UK economy reporter Lizzie burden Straight ahead on Bloomberg daybreak Europe will be hearing from some of our top interviews here on Bloomberg franci LaCroix has been speaking to the Nat west CEO Alison rose We've got that interview for you coming up next Plus we have the ahl del Hayes chairman and CEO Franz Mueller.

Twitter Keir Starmer bols Johnson Leanne guerin Steven Leon UK Boris Johnson Lizzie Burton Northern Ireland government Elon Musk Rishi sunak Donald Trump Musk democratic unionist party Bloomberg CPI confederation of British i Bank of England Johnson Irish sea
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:46 min | 11 months ago

"lizzie wells" Discussed on Bloomberg Radio New York

"Promptly baked European headquarters here in London I'm Caroline hecker with this Bloomberg radio business flash so European stock futures slumping this morning 1.2% Remember that the stock 600 had its worst week of the year buying the week after the Russian invasion of Ukraine last week so things have been fairly gloomy the concerns around global growth in particularly around recession in Europe although the ECB's Christine Lagarde said over the weekend to a Slovenian newspaper sort of rejecting the idea that we were going back to the 70s that stagflation in Europe isn't the ECB's baseline scenario As for bond yields this morning three 13 is where we stand for U.S. yields We've had a steepening of the yield curve we're getting inflation data out of the U.S. this week which will be the next key test also Chinese as CPI two plus there are lots of fed speakers to watch out for starting tomorrow messed up bostick Williams Waller kashkari and then daily a bit later on in the week so plenty to think about their they'll no doubt be defending the fed's path As for China we were talking a little earlier about the impact on the economy of COVID restrictions how much it has affected imports and exports in terms of iron ore this morning We've seen quite significant moves there iron or down now 6 and a half percent and copper extending a decline has been on the slide for 5 weeks because of these worries about Chinese growth jobs warning from Premier League Chang As for energy prices as Europe tries to get together it's ban on Russian oil imports going through currently down four tenths of 1% half of 1% for WTI crude features That is your big radio business flashlight here's the endgame with today's top stories good morning Leanne Caroline good morning to you and thank you and let's start with UK politics The labor leaders pulled out of his speech to his due to make later today as pressure months over so called beer gate Police are now investigating whether Keir Starmer broke lockdown restrictions by having a beer with colleagues last April He says it was a work event and he did follow all the rules Has been hugely critical of Boris Johnson nova gatherings at Downing Street during lockdown and has called on the prime minister to resign on numerous occasions Now on top corporate news two property companies are now in advanced talks to create a real estate group with assets across in London's covent garden and Chinatown Norway sovereign wealth fund a major investor in both companies signaled its support for the possible all stock deal between shaftesbury and capital encounters properties And finally Chelsea's sale is now wrapping up A group led by former Guggenheim partners president Todd Bowie and clear Lake capital have agreed to buy Chelsea football club for around 4.25 billion pounds The sense Russian billionaire Roman Abramovich is 19 year tenure at the club and deepens U.S. investment in the English Premier League The price is one of the highest ever for a professional sports team and followed a bidding war that went on for nearly two months Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries only Ann guerin's this is Bloomberg Lizzie Well thank you Leanne staying with the ramifications of the war in Ukraine the U.S. and the UK have already moved to ban imports of Russian oil and over the weekend the group of 7 wealthiest nations agreed to do the same but the EU has failed to reach an agreement on further measures ahead of Russia's victory day military parade which starts just short of an hour For more Bloomberg's European reporter Maria tadeo joins us Maria G 7 leaders have committed to banning imports of Russian oil but where does that leave the EU given Hungary's recalcitrant over phasing out crude oil Yeah well it does take away some of the shine from that communicate the juice haven't put out yesterday on the Sunday and of course it's no coincidence that we had this communicate plus this flurry of diplomatic trips and visits to Ukraine the day before this parade I mean this is a battle of narratives that we're seeing now it's Russia and then everyone else but in terms of this deal on oil the European Union still unable to get it through the finish line yesterday There was a meeting of European ambassadors here in Brussels They weren't able to get it done You have countries like Hungary but not just Hungary by the way you have the Czech Republic Slovakia that also say we need more time But the issue here is of course any deal at the European level is always difficult You have the 27 different countries They want to be seen to us fighting hard for their own countries We know that Orban when it comes to Ukraine to has had a very ambiguous line and for the Europeans it's hard to facilitate an almost hard to stomach concessions to someone like Victor Orban and Hungary and it's in that tension that of course you get the delay that we have today So in terms of the oil ban But what do we actually expect from Vladimir Putin This is an annual event It's usually pretty elaborate with fly pasts with military equipment on display And Putin is expected to make a speech Yeah and it's always a very big deal for the Russians When they look at this they're great victory at the Soviet victory over Nazi Germany when they referred to this They don't use the reference that we all use in the west of the end of the Second World War They referred to this as their great patriotic work so they see it very much from a Russian prism into this And if you look at the addition last year we're not for a little bit over an hour 20 minutes Vladimir Putin spoke for ten minutes but this year he could go longer than that And I think for the western perspective they want to hear about any references to Ukraine whether or not this full war is now announced or not Remember for the time being this is just a special operation in the eyes of the Russian government any references to the west to NATO the Russians say they're now fighting actively what they call the dark forces of the west and then of course the weapons not just the ones that put a parade perhaps any hints from Vladimir Putin in terms of the weapons Russia could be ready to use in Ukraine And very briefly can Vladimir Putin really present himself as a Victor when the war in Ukraine is already killed as many as 12 Russian generals more than 15,000 of the soldiers and we've seen the flagship of the Black Sea fleet sunk Yeah the issue is of course when you're in Russia this never happened This is just bad weather and nobody was able to sink this ship It was just a bad weather that caught up in a storm and the same thing applies to soldiers are dead and the same thing applies to the big military losses of.

Ukraine Caroline hecker ECB Bloomberg bostick Williams Waller kashka Europe Premier League Chang U.S. Leanne Caroline Keir Starmer Hungary Guggenheim partners Christine Lagarde Todd Bowie clear Lake capital Chelsea football club English Premier League
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:11 min | 1 year ago

"lizzie wells" Discussed on Bloomberg Radio New York

"Are buying of shares from HMT So the form treasury essentially So yeah that interesting breaking news line on the terminal Let's get over to plugs the anger is now who has a roundup of today's top stories good morning Good morning Caroline and thank you Let's start with the U.S. which is attempting to clarify president Joe Biden's comments calling for Vladimir Putin's removal after it prompted criticism from European allies We will have a different future of writer future rooted in democracy and principal hope and light of decency and dignity of freedom and possibilities for God's sake This man can not remain powerful The president and his aides are now stressing that the U.S. has not seeking regime change in Moscow France and the UK are distancing themselves from Biden's comments in Poland with president Emmanuel Macron warning against an escalation of words or actions Biden has recently made a series of unscripted remarks fueling tensions with Russia Elsewhere president Vladimir zelensky is acknowledging Ukraine may have to concede territory to Russia ahead of peace talks between the two countries in turkey happening later today He wants to make a deal with Moscow over Donbass which has been partly controlled by Russian backed separatists since 2014 speaking to Bloomberg's Ukraine's ambassador to the U.S. Says the country is ready to negotiate Well it's the negotiations does not mean what Ukraine is ready to surrender The negotiations mean that there should be a solution and push and diplomatic pressure to stop Russia As a war in Ukraine it is its second month British intelligence says there's a lack of momentum and morale among Russian troops as you cranian forces do continue to fight back Now on other news and right here in the UK Rishi sunak is facing a grilling from MPs later today over his response to the cost of living crisis Bloomberg's UN Potts has that story The UK's Chancellor is set to be questioned by the commons treasury committee today following last week's spring statements sooner will defend his 9 billion pound package of tax cuts which has been criticized for failing to do enough to help poor households cope with soaring energy bills He cut fuel duty and increased the amount workers going to earn before paying social security contributions but some analysts say the giveaways amounted to too little Are YouGov survey in the wake of the statement suggests a slump in the Chancellor's popularity In London I'm you and Potts queen big day Europe And some Oscars drama for you this morning just minutes before winning the Oscar for best actor Will Smith slapped comedian Chris Rock live on TV Rock had joked that smith's wife Jada Pinkett Smith who has alopecia should be in the next GI Jane movie a reference to her extremely short hair Smith did win his Oscar for his betrayal of Richard Williams in king Richard Coda a film about a high school student who can hear struggling to please her death family did win best picture Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Leigh Anne gerrans this is Bloomberg Lizzie Well Lyanna I can completely empathize with Will Smith's anger on behalf of Jada Pinkett Smith I've had alopecia in the past and let me tell you here is a very personal thing I imagine even more so for an actress So I can it's not maybe not the right way to react but I can feel for them right now Well I think so And I think he did say in his speech when he accepted the best actor award that he'd probably just over a reacted like a father would and he's sort of impersonating art as Richard Williams the father of Serena and Venus Williams and I do think your hair is kind of your crown isn't it When you think of it in that way so alopecia is something that does really affect people and not many people speak about it so it's obviously quite personal to yourself and to Jada herself However I do feel like violence has never really condone so sometimes pulling someone aside afterwards might have been a better idea but of course tempers flare Couldn't agree more method acting gone a bit too far Thankfully and let's get back to the latest on the war in Ukraine And as you were mentioning Ukrainian and Russian negotiating teams are set to resume in person talks this week Bloomberg senior reporter for international affairs Mark champion joins us now great to have you with us Mark Now The White House has been trying to row back on these comments from U.S. president Joe Biden He made this off the cuff remark at a speech in Poland that Putin can not remain in power What did he mean by that in your reading Well I mean as far as we know it was off the cuff and The White House is saying that he'd been sort of emotionally impacted by the refugees that he met in Poland and their stories But the problem is that the words of what they are they are a gift to president Putin who's been arguing throughout that this is not a war against Ukraine It's a water defend Russia against western attempts to destroy Russia So unfortunately it's a gift for him and propaganda terms And it also when you have a leader who is now seen as somewhat isolated paranoid in Moscow it really doesn't help to suggest that that's the kind of thinking that is going on in Washington whether or not it is the public position Yes okay So that unprecedented Biden Well what about the talks then that we know are going to happen between Ukrainians and Russians and zelensky talking about the possibility of compromise.

Ukraine president Joe Biden Bloomberg Russia Emmanuel Macron Vladimir zelensky Biden Donbass U.S. Moscow Rishi sunak commons treasury committee HMT UK Jada Pinkett Smith president Putin Richard Williams GI Jane Will Smith
"lizzie wells" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:23 min | 1 year ago

"lizzie wells" Discussed on Bloomberg Radio New York

"Talking about the UK being the first major economy to transition from COVID being a pandemic to being endemic Well with no lockdown imposed in the UK hyperlocal data gives us a bit of an early look at what this could look like Now Bloomberg's UK economy reports a Lizzy burdens we look at the numbers We know about the economic impact of Macron so far Well it affects the economy in two main ways First of all the tighter restrictions and higher consumer caution are weighing on spending So even though UK retail sales grew overall in December you can see the hit to footfall in brick and mortar stores And you can also see it in the Barclay card spending data the hit to retail hospitality and leisure specifically because people are staying at home If you look at Bloomberg's very own pret index you can see that coffee sales improved more in London's suburbs than they did in the City of London and that suggests people are working from home which brings me on to the other big economic impact which is worker absenteeism Given the so infectious much of the workforce started the year on sick leave And the center for economics and business research reckons that will shave off 8.8% from UK GDP in January and February So that's why ministers are calling for the isolation period to be cut from 7 days to 5 As you say moving from pandemic to endemic I don't know how many people in the UK took on board that advice on the government to be cautious over Christmas I don't think that happened did it What about the global picture Lizzie Well the absenteeism affects also taking its toll in the U.S. more than 5 million workers are estimated to have stayed home just last week But the chief economist at the job site has likened it to a blizzard in a specific shop to the labor market but hopefully it'll be short lived Now comparing that internationally if we look again at Bloomberg's press index you can see that in the first week of the year coffee sales in Hong Kong improved significantly more than in New York and London and Washington D.C. was the worst off So again reflecting that impact on spending and of worker absenteeism And what about returns to office plans is certainly feels pretty quiet here in the City of London What's that company's doing at the moment to get people back into the office Are they doing that Yeah you can hear the wind blowing Well many workers have started the year on sick leave as I say about 4% of UK pretending staff were absent last week And around the world big banks have been asking staff to work from home where as we know it was them who was really dragging workers back to their desks earlier in the pandemic In terms of the longer term every wave of COVID that we have seems to increase the likelihood that more higher paying jobs will shift permanently to remote working And in the U.S. a study by ladders the career site found that a quarter would be fully remote by the end of the year Pretty staggering I reckon Yeah I think there's going to be a clash Paying for your energy bill at home was also to try to work from home over the winter I think that's going to be interesting Lizzie thank you so much for being with us That is our Bloomberg UK economy reporter Lizzie burden Well let's go out and up the latest global news Bloomberg's Hannah George Good morning Ewan and thank you while here in the UK as Caroline mentioned the Metropolitan Police say they're in touch with the cabinet office following widespread reports.

UK Bloomberg COVID center for economics and busin London Washington D.C. blizzard U.S. Hong Kong New York Lizzie burden Hannah George Lizzie Ewan Caroline Metropolitan Police cabinet
"lizzie wells" Discussed on The Final Furlong Podcast

The Final Furlong Podcast

06:49 min | 1 year ago

"lizzie wells" Discussed on The Final Furlong Podcast

"I've been doing nicely and the job was done. I think more of the reports I read about the race were more about how they wanted to name a bar at the racecourse, the album photo bar, then actually anything to do with the actual race. Well, I thought it was interesting. You know, I did spend quite a lot of time going through the program, but because I kind of got a bit of a head on me about it. Was Willie Mullins plans and other run before Charlton, but doesn't want to go to the Dublin racing festival. So I had a look at what he could possibly run in. Let's go. Nikki gets cruel for this the whole time. So let's switch it up. Let's go for Willy this time. Come on. The Bobby Joe chase is too late. The red mills chases too late, I thought that he could go for the horse and jockey hotel chase to alajo one last year is two more four at furloughs at the end of January. People with a certain age tend to come out. Yeah. Yeah, I mean, my knowledge of the Irish program book is pretty much zero, but even smaller. Good work. So perhaps that's where we'll see him next. So second run for album photo. Look, at his age, is he a genuine go cup contender at a ten Lizzie? Well, I like the story. So I'm going to say yes, because I like the story. I think he's a lovely horse. I thought you wrote, I thought he ran a very admiral. I'd admirable race in it last year. And to be honest with you, I thought that the ride that a Pluto had got from Rachel, where she shot the door on pool, did make quite a lot of difference, actually. I caught an important part of the part of the race where the race is developing. And you're not able to make the ground that you want to, you have to check and combat around. It was quite a lot by that point, you know, midair Endo was gone. And he wasn't beaten over 5 lengths. So I'm going to say that I still think he's there with every chance. And for me, I always remember, there was something that happened when I was quite young, the best mate story. And those three wins. And for me, that was a very massive thing. It was very young when that happened. And to see someone do that again would be a fantastic achievement. You're making me feel old, by the way, but I was very young when that happened. Early, early 21, 22, and did cry as a Simon hold did that three gold cups. It was just amazing. An incredible site. Can he do it, Rory? Because so rewind real quick and I'm sure I'm sure there's a remix that can be put in there. A police artist looks imperious as Lizzy said. So there's just there's something not quite right with the drumhead yard. So if you put into your head, I mean, that statement then the plutarch is the worst bet for children. Lizzie, we should also point out, by the way, the Roy del argues the head of the absolute fun club and will not talk about what I said about that horse. And of course, absolutely bolted up in the novice chase, well done again, Rory. Then Henry didn't take Roy's advice, didn't go for the champion chase and got beaten by the pesky min in the Ryanair and you just came up short in the gold cup last year. But is still young, but he was brilliant at hey Doc. So clearly that wasn't his running in the cells. And if it was his running, then galvin's a monster. But the bedding for the gold cup. Kaluki are going 12s of album photo. 6 is galvin. Another indo is tens. Massive question mark over him. Aptly charged 72. On the basis of what you've seen with album photo and the other service chase from leopard stone and the king George. Why don't we just call them all the cells, chase? Who would you currently go with? For the gold cup because the bedding is a mess. Well, Ali post betting is only post bedding. Isn't it? Who else reads it at least before I can dig it out myself because I'm trying to get there, but my laptop is very slow. Apple chart 72 galvin 6 to one, Manila indo tens, album photo 12s, tornado flour 14s, protectorat, 16s, a laho 20s, Assyrian flange, 25s within touch on him, but money back of he falls. We should have given him a mention in the king's relationship with me. Yeah, yeah, we should have to be fair. He was giving his backers a right run for their money and again, it's just roller coaster stuff, but I did think it was interesting what Danny Mullen said that he wouldn't have mind if a steering for launch came along to him because he said he felt he had plenty more left in the tank and Toronto flour. So look, if he stands up, he's a bloody good horse. Champ. Okay, 25s. Chantry house. 25. Then we go for brave man's game. We'll talk about the next podcast. May not even be going to jump. John bounce might have something to say about that. Go on. He may not go to cheltenham, certainly won't be going to China for a gold accomplish. No way. Hell, but he's 30. Unless unless he changes stables. But he's 33s. And voila, 33s. Castle born west 40s fidget 40s, genital 40s. There you go. There might just be something in there at a massive price that is worth an each way tickle. A lot.

Willie Mullins Bobby Joe chase red mills Charlton Rory Roy del Willy galvin Nikki Endo Dublin gold cup Rachel Ali post Lizzy Lizzie Ryanair Simon Roy king George
"lizzie wells" Discussed on Ask Women Podcast: What Women Want

Ask Women Podcast: What Women Want

07:51 min | 1 year ago

"lizzie wells" Discussed on Ask Women Podcast: What Women Want

"We're not afraid to hurt to kiss. Everything is different. Right. That's food. When I was in France, when I was in France, when I was in France, I was really young. I was like 18. And this could be it could have been a total fluke. I haven't been there since. Tell me if this is normal if I'm interpreting it wrong. Yeah. So I was on, I'm gonna say it like a total hick. Champ C Lizzie? Well. Thank you. And I was walking with a friend and one guy grabbed my arm and pulled me backward and another guy grabbed her arm and pulled her backward away from each other. And it was really aggressive and it was scary. And I ripped my arm out from him and I kind of ran away and she did the same thing and we both ran to each other. So I don't know if they were going to abduct us. I don't know if they were trying to be sexual and hit on us. I have no idea what was happening. Well, that's to the language bad intention. Or something, not trying to. Okay. So I wasn't sure that was sexual. Or if that was like thugs. Okay. Sorry it happened to you. And appropriate. But that could happen anywhere in any way. Okay. Second thing that happened. Loved loved Paris, but two really bad things happened. So that was one thing. And I was like, and I really had no idea how to interpret it. Second thing we were having dinner and it was a group of girls. I was over there with this dance dance company I was with. So there was a group of girls. We spoke no French. And we were being silly and we were sitting outside and I was really shy at the time with boys. Sure. And so the girls were kind of picking on me and the waiter, I did not think the way to rescue. I didn't have I wasn't flirting with him, but the girls were picking on me. They were saying, she thinks you're cute. She thinks you're cute. And I was like, no, I don't leave me alone. I'm not doing anything. I don't think you're cute. And I think he interpreted that in a way that I was flirting with him. And I asked where the bathroom was. And I'm not exaggerating. It was downstairs. It was like a small little bistro. It was in the restaurant downstairs, of course, was in the restaurant. He's like on the street corner. So it was in the restaurant downstairs down these kind of like windy stairs. And he was like, I'll show you or something like that. So he basically pulled me again like kind of grabbed my arm. I was like, here we go again. What is going on? And he pulled me into a bathroom stall. And my friend, luckily, saw him kind of pulling me and she came in behind me and pushed him and pulled me out of the bathroom stall. And so I was like, I don't know what is going on. But I guess I meant to be raped or something. This is my really fun to tug. Yeah. Exactly. And we were like, get away, and then we had because we were on the dance company. And so our quote unquote chaperones are the women that were our teachers were down the street and another restaurant. We ran to them. And we were like, oh, Kristen was almost like sexually assaulted or something. But I wasn't, and then we didn't report it or anything like that was just weird. We paid and left. But interpret that for me. This meant that he interpret that as I was flirting with him and it was time to do it or it's another thug. It's something that I'm very sorry it happened. It's not. That's not normal. There's a big difference between, I would say the French natural way of maybe flirting and do like this than anything that involve from a violence or threat of any kind. I have a very strong feminist mother who believes in the quality of this, but still all that happened to you is an acceptable and has nothing to do with the French. Whatsoever. Yeah. Can I hear some examples of ways that the French are romantic? In terms of it's interesting. Usually we grab the forearm. All what Chris described as the rules of don't are the dos in Paris. You pick up a woman on the first date with your car at her house. You after the date you sent a text to something that the best time and a picture of the data something. And she will answer. And then if you like the girl, if you want to impress her, you know, a couple of roses are one rows, delivered the next day will go to her heart. You write something with your handwriting note still works. So it's hard to get even she likes you, she doesn't, but once the girl likes you, she does she's not afraid of you. While here at the Chris point, which I agree 100%, there is this fear factor between men and women where it's uncomfortable for both for a long time. And that's because I don't know what happened between the two where everybody's a friend of each other. Really? People get hurt a lot. That's where all of your people. We got a guest on our show recently, Francois. Who was talking about a bad breakup that she had just gone through and then about the boundaries that she now has in place and enlisting how hard a guy has to work to have her trust him. Absolutely. I couldn't believe the hoops. So men jump through. You're a woman. Yes. When are you rules? Well, to gain the trust from you, a man has to do. I married. For a man to gain trust. You know, I am equally just as wary of me. I've also been burned in the past by other men by my men in business and men on a sexual level. Really? Yeah, so I'm from Canada. So I had to adjust myself when I came over here. I had to tone my flirting down and I had to put my walls up when I moved on. But I also was 23 when I moved here, so I don't know if that happened to go along with my age. But there's a very different world in the United States. People drink for sport over here. I know. They're much more guarded. They're more aggressive. They're, you know, it's crazy. I went to a tailgate game when I arrived in Cleveland with the browns. And I have never been to anything in my life. And I thought I arrived in the wildest world ever. It was 9 a.m. in January, but still you got hundreds of people. Barbecue out of your car. And it's 0°. No, so it was extremely and talk about the floating going on. I mean, I live in the morning. Yeah. I won't be graphic, but I was like, but what is going on? Yeah. So let me ask you, then what are the rules for a guys to gain your trust, Christine? This is kind of this is like a bullshit thing to say for because guys will go, what does that even mean? But it's like a thing since 6th sense. Intuition. Intuition. Consistent in being responsive and reliable, but not needy. So does that make sense what I'm saying? So when I met my husband, I was blown away by him. He opened a car door for me. I never had that done before. He followed up with a text. But does this into the phone when I called? I liked that. Does this confuse men though? Because, for example, we were just saying, we don't like romance kind of scares us sometimes, but do you think then do not, does that mean we don't want men to open the door? Is that how you interpret it? I can't still. I still can't change who I am and how I was raised. I'll always open the door. I'll always be polite. I'll always walk on the course to side of the road, et cetera. Because that stuff that I like. That doesn't bridge romance for me. That just bridges like respect, respect, politeness, good character. Etiquette. I think women have to almost end this might sound equally as bullshitty. Women almost have to be tricked into romance here. You have like they want it. But you kind of have to trick up. Yeah, you have to sneak it in there. Take it in. It's not something that you give me an example of that..

France Paris Chris point Kristen Francois Chris browns Cleveland Canada United States Christine
"lizzie wells" Discussed on Made of Mettle

Made of Mettle

07:59 min | 1 year ago

"lizzie wells" Discussed on Made of Mettle

"Hey there one. My name is ari in welcome to made of metals. A motivational podcast. Where retail stories about regular people overcoming insurmountable odds. So personally. I wanted to give a big. Thank you in shoutout to curious painter. The lovely review on apple podcasts. So sweet thank you so much for the kind words in rating it truly warmed my heart and i so appreciate your support. Thank you so much for listening. I love getting feedback from you guys to know that i'm doing the right thing or the wrong thing what it seems like. I'm doing the right thing. So i'm going to keep doing what i'm doing so thank you so much. I really appreciate it now. This week's story is one that i've known for most of my life and that i love sharing with any in everyone who wants to listen though. It's always the details and the little tidbits that i really enjoy learning about when revisiting an old favourite. Every time i tell the story. I always feel a sense of incredible for the freedoms that i'm allowed to have every single day also a renewed appreciation for the incredible strength in power in writing words in women to me stories. Carry a unique value. Something that is exclusive to the person listening are also thought this would be a great story to choose following. Our abraham lincoln series as the two lived during the same time period. So don't worry guys. I'll be covering non civil war related individuals in my next episode. We're actually going to pivot. In cover a music figure a music icon. So i wanted to be sure that from a great suggestion that i received that i'm covering the vast diversity in character in values that are available in all industries not just in the historic building of america. So please stay tuned for next episode but the individual in today's story was above all things daring in outspoken. their life's work centered around giving a voice to the silenced. And empowering the disenfranchised this person had to endure awful tragedies having everything they stood for challenged risking their life in limb just for the betterment of others and in spite of all the hate resistance they became one of the most iconic figures in our history for taking on generations of stereotypes and discrimination. These stories always get a bit close to home for me as well because i love to write in always appreciate a fellow author. So in today's episode we will be covering the impassioned the influential the inspiring ida b wells ida. B wells was born ida bell wells on july sixteenth eighteen sixty two in holly springs mississippi. Ida was the eldest. Born to james and lizzie wells. Who had seven other children. All were born in slaved as they lived on a plantation in mississippi whom or members of the confederacy during the civil war in the previous episode. We talked a bit about president. Lincoln's revolutionary decision to issue the emancipation proclamation on january. First eighteen sixty three during the civil war ida in her family were officially freed from slavery as they resided in a confederate state before either was one year old immediately following. The war was the pivotal reconstruction period with a divided territories of the union in the confederacy. Determine how they would begin to come back together as a single nation. Ida's parents were dutiful in diligence supporters of african american rights in particular the right to an education. Ida's father james was directly involved in starting in serving on the board of trustees for school for freed african americans that school rushed. College is still a notable inactive university. Today falling under the umbrella of historically black colleges and universities ida would begin her educational career at this school attending in her early teens. Sadly heartbreaking circumstances would find ida early on in life in eighteen seventy eight while visiting her grandmother. I learned harling news. Ida's mother father in her youngest sibling. Just an infant had passed away from yellow fever. Her parents sudden-death turn ida from a teenager with no children into a parent of six suffering from the grief and loss of one's parents. It would be understandable for a child to shy away in resist taking on a role with such incredible responsibility but did ida shy away from her obligation torture family. Absolutely not i realize that. She had to become the sole provider for herself in her siblings and planned for next steps. Accordingly ida dropped out of school in did the impossible. Although ida was in her early teens reportedly to be aged sixteen at the most of the time for parents death she was able to convince a local county administrator that she was eighteen years old and secured a job as a teacher. We can already see how her parents early influence lived on through artists dedication to education after a few years working in mississippi ardy decided to move her family to memphis tennessee or a close family member. Currently lives around eighteen. Eighty four upon her arrival in memphis ida was able to again secure work as a teacher and began taking classes at the nearby school of fisk university. Located in nashville. It was on one of her routine train. Rides from memphis to nashville that ida would experience a fateful event. That would light a fire in her. That could not be contained for the rest of her days on this particular day ida had purchased a first class ticket for her. Commute from memphis to nashville. When ida attempted to board the first clash train in sit in her paid for seat the train conductors demanded that she moved to another car that was designated for african americans. Ida as any sensible person would refused. She had paid for ticket and was rightly entitled to sit in her current place in first class naturally. The train operators became enraged. The nation was still so polarized after the civil war and although african americans were free they were not at all treated as human beings. Let alone equals who are afforded basic rights. A black woman such as ida standing up for herself with unacceptable to say the least ida was forcibly removed from the train. But not without a fight it was reported that ida was able to injure one of the men though. I'm sure not at all what was deserved based on her treatment. But i didn't stop the fight there. She filed a lawsuit against the train company and initially won the case and was awarded settlement after an appeal to the federal level. The case was overturned in the original verdict. Vacated idle lost her settlement and was ordered.

ida Ida ida bell wells lizzie wells mississippi ari board of trustees for school f abraham lincoln holly springs memphis james apple ardy wells nashville nearby school of fisk universi Lincoln yellow fever america tennessee
"lizzie wells" Discussed on Made of Mettle

Made of Mettle

02:32 min | 1 year ago

"lizzie wells" Discussed on Made of Mettle

"In today's episode we will be covering the impassioned the influential the inspiring ida b wells ida. B wells was born ida bell wells on july sixteenth eighteen sixty two in holly springs mississippi. Ida was the eldest. Born to james and lizzie wells. Who had seven other children. All were born in slaved as they lived on a plantation in mississippi whom or members of the confederacy during the civil war in the previous episode. We talked a bit about president. Lincoln's revolutionary decision to issue the emancipation proclamation on january. First eighteen sixty three during the civil war ida in her family were officially freed from slavery as they resided in a confederate state before either was one year old immediately following. The war was the pivotal reconstruction period with a divided territories of the union in the confederacy. Determine how they would begin to come back together as a single nation. Ida's parents were dutiful in diligence supporters of african american rights in particular the right to an education. Ida's father james was directly involved in starting in serving on the board of trustees for school for freed african americans that school rushed. College is still a notable inactive university. Today falling under the umbrella of historically black colleges and universities ida would begin her educational career at this school attending in her early teens. Sadly heartbreaking circumstances would find ida early on in life in eighteen seventy eight while visiting her grandmother. I learned harling news. Ida's mother father in her youngest sibling. Just an infant had passed away from yellow fever. Her parents sudden-death turn ida from a teenager with no children into a parent of six suffering from the grief and loss of one's parents. It would be understandable for a child to shy away in resist taking on a role with such incredible responsibility but did ida shy away from her obligation torture family. Absolutely not

ida Ida ida bell wells lizzie wells mississippi ari board of trustees for school f abraham lincoln holly springs memphis james apple ardy wells nashville nearby school of fisk universi Lincoln yellow fever america tennessee
Who Was Ida B. Wells?

Made of Mettle

02:32 min | 1 year ago

Who Was Ida B. Wells?

"In today's episode we will be covering the impassioned the influential the inspiring ida b wells ida. B wells was born ida bell wells on july sixteenth eighteen sixty two in holly springs mississippi. Ida was the eldest. Born to james and lizzie wells. Who had seven other children. All were born in slaved as they lived on a plantation in mississippi whom or members of the confederacy during the civil war in the previous episode. We talked a bit about president. Lincoln's revolutionary decision to issue the emancipation proclamation on january. First eighteen sixty three during the civil war ida in her family were officially freed from slavery as they resided in a confederate state before either was one year old immediately following. The war was the pivotal reconstruction period with a divided territories of the union in the confederacy. Determine how they would begin to come back together as a single nation. Ida's parents were dutiful in diligence supporters of african american rights in particular the right to an education. Ida's father james was directly involved in starting in serving on the board of trustees for school for freed african americans that school rushed. College is still a notable inactive university. Today falling under the umbrella of historically black colleges and universities ida would begin her educational career at this school attending in her early teens. Sadly heartbreaking circumstances would find ida early on in life in eighteen seventy eight while visiting her grandmother. I learned harling news. Ida's mother father in her youngest sibling. Just an infant had passed away from yellow fever. Her parents sudden-death turn ida from a teenager with no children into a parent of six suffering from the grief and loss of one's parents. It would be understandable for a child to shy away in resist taking on a role with such incredible responsibility but did ida shy away from her obligation torture family. Absolutely not

IDA Ida Bell Wells Lizzie Wells Mississippi Holly Springs Board Of Trustees For School F James Wells Lincoln Yellow Fever