12 Burst results for "Middle England"
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"What's your outlook on demand on both oil and gas particularly coming into winter are there any particular regions where you're kind of worried about the demand strength you know I think there's a lot of talk obviously about concerns about the the global economy there's a lot of talk about concerns about China growth in spite of all of these things demand for oil has been incredibly resilient in fact there are some reports that say oil will reach its maximum demand ever this year so we're expecting over 2 million today of growth and demand for oil this year which is very strong when you look back in history and we expect that demand growth to continue into next year and when you couple that with the discipline that we're seeing from OPEC plus then I I think you can only believe that while it's very difficult to predict obviously one would have to suspect that the outlook for oil prices is strong over the coming months and years driven by demand and driven by the discipline that we see from OPEC plus in natural gas if I look in Europe I think obviously storage levels are much better than they were this time last year so that's good news but there's a lot of uncertainty and it depends really around how much demand will recover from what we saw in as a loss last winter and what the weather will be like so not out of the woods yet when it comes to gas in Europe but certainly in a better position than we were this time last year what about industrial demand in China Bernard what is the read -through look like for that to recover I think in in China and in many ways what we're seeing throughout the world if I look at it through through our product lines I think we're seeing very strong gasoline and from very jet fuel demand people are traveling people are spending on services and then on the diesel end of the spectrum which tends to be more associated with the manufacturing end of the spectrum we see that as being weaker than people had expected China is growing still it's grown three percent in the first half of this year obviously well short of what people would expect from China five to six percent but we do see things beginning to recover in China so it's really a story that we see throughout the rest of the world strong services and relatively weak manufacturing so that was BP's CEO Bernard Looney there speaking to Danny Berger and Mark Cutmore on Bloomberg television up next SINOC downplays green policies to court middle England and Musk's giant X sign dismantled now the paper review on bluebird daybreak Europe the news you need to know from today's papers joining us it's for more Bloomberg's Leanne Gerens so let's start with that Rishi Sunaka headline downplaying green it's in the Financial Times Leanne Gerens is this the result then of the by -election is that the fallout well Caroline this could be one of the reasons so according to the FT sunak is playing down the Conservative Party's green credentials and that since that surprise by -election win in Uxbridge two weeks ago and they say that was on the back of the Euless policy the PM went to Aberdeen yesterday in Scotland he was on his private jet and when he was there he announced plans for hundreds more North Sea drilling licenses in the years to come however the
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"To the UK? We're absolutely committed to the UK and our decision on premises in the UK is a function frankly of some of the reduction in costs that we've done over the past three to four years it's a function of changing working patterns and it's a function of some of the offshoring that we've done so our need for premises in the UK is less today than it was three four years ago so our choice on where we relocated the head office wasn't a decision between Canary Wharf and the city It was a decision based on available premises somewhere around 2026 and seven that had the capacity but not too much capacity to absorb the head the people we wanted so frankly we needed a building half the size of Canary Wharf and there aren't that many buildings that were available this was not a decision between the city or Canary Wharf it was a practical decision based on for property the availability given where we are now worldwide and some of I guess the influences across the world. Do you say your reasons for remaining in the UK are actually decreasing? Nope, I think UK I is a very good place to have a headquarter for a global institution it covers all the time zones well it's a good environment to operate in with lots of professional services to support an organisation remember we're a global business we have to have a headquarters somewhere and the UK has been a good headquarter for us but I'm also at the moment in our headquarters in Hong Kong and in a few weeks time I'll be in our headquarters in the Middle East so you know we're a global organisation and there has to be a place that where you're registered and the UK is a good place to be registered it's a good environment to operate a global bank with a good and regulatory environment we're very happy there when you look at UK mortgages I think you were the first bank major to actually start cutting your rates last week but do you see rates substantially falling for mortgages in the near future? I think it's going to be a function frankly of the swap rates in the UK you know it's not just the base rates in the UK but it's the swap rates because most mortgages are priced off swaps and it will be therefore a function of what is the market confidence where does the market see the yield curve and we saw the yield curve go up then we started to see it come down. Our ambition is to try and make sure our rates are as reasonable as possible to help customers navigate what is definitely a challenging environment of higher rates in the market plus higher inflation so if we can move down we will do as quickly as possible. So that was our decision. I can't predict what the yield curve necessarily will do. There is the prospect of more interest rate rises in the future in order to combat inflation and that therefore could change the yield curve for the swap rates and therefore we may have to adjust inflation then up or down. No it's clear that in the last couple of weeks Nigel Farage really dominated the headlines when came it to banking in the UK. Do you think it will change banking in this country and would you ever drop a because of their political beliefs? Well first our policy is very clear we do not exit client a or de -bank a client based on their lawful personal views. We don't do that as part of our policy. What I also want to do is say we will work with the authorities in the UK, the FCA and the regulators in the UK in whatever work they are going to do over the next few weeks to try and find a good solution to the current situation that exists. But our policy is we do not de -bank based on the lawful personal views of our customers. That's HSBC CEO Noel Quinn there speaking to Bloomberg's editor at large Francine Lacroix. Up next Sunac downplays green policies to court middle England and Musk's giant axe sign dismantled. Now the paper review on Bloomberg Daybreak Europe. The news you need to know from today's papers. Bloomberg's Leanne Gerens joins us for more on this. The headline in the FT this morning Rishi Sunac downplays policies green to court middle England. I mean is this the result of that by -election? Caroline and that's what a lot of people are saying. They saying since that narrow win in Uxbridge by the on Tories the green issue and especially Yulez, Sunac has began to play down the party's green credentials according to the FT. So yesterday we were talking about it the Prime Minister went off to Aberdeen in Scotland. He was actually in a private jet and he announced plans for hundreds more North Sea drilling licenses in the years to come. Now the move has been slammed by a former Tory
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"Does Get We'll Bloomberg just .com your listen podcasts and weekday the morning forget Bloomberg starting Business they Act. at can 10am see us on now too. Bloomberg Oh, 1130 yeah. That's right. You can watch or us on live demand on wherever YouTube you This is Bloomberg daybreak here for this Tuesday 1st the of August in London coming up today as easy as ABC for HSBC banking Giant blows profit estimates out of the water down, but not out UK shop prices drop First time in two years cutting back the hedge funds unwind bets as stocks continue their bull Run soon act down plays green policies to court middle england and musk's giant Sign those dismantled are the stories we're looking at in today's papers, and I'm Leanne guarantee Plus a quality decision the UK drops plans to replace the EU's product safety stamp That's all straight ahead on Bloomberg daybreak Europe on DAB digital radio London Bloomberg 1130, New York Bloomberg 99 1 Washington DC Bloomberg 1 Boston Bloomberg 960 San Francisco Cirrus XM channel 119 and around the world world on Bloomberg radio .com Good morning from London, I'm Stephen Carroll, and I'm Caroline Hefker. Welcome to Bloomberg Daybreak Euro. Let's start with a quick check on the markets for you. We're looking at Asian shares a tenth of one percent lower on the MSCI specific index UK the and Tokyo nine tenths higher the Hang Seng is down by half of one percent European stock futures in the red although not by very much european stocks euro stocks 50 futures down by a tenth of one percent footsieing 100 and caq futures are flat this our hour s &p minis are also flat on wall street too the ten -year treasury yields three point nine six percent this morning the bloomberg dollar spot index is 210 stronger and after the RBA decision the Aussie dollar two -thirds of one percent weaker against the US dollar 66 and 73 is where that's trading this morning let's get some of the breaking corporate news stories absolutely starting bp which has reported adjusted EBIT earnings before interest and tax for the second quarter that missed average Alice estimate second quarter adjusted net income comes in at two point five nine billion in a US dollars the estimate was for a 3 .51 billion number it also so does intend to execute another one and a half billion dollars in terms of share buybacks BP is the last of the majors oil to report their results remember that profits have come down of course for the all majors roughly half since last year's record highs next the drinks giant Diageo reporting fully adjusted operating profit that missed estimates five point two five billion pounds the estimate went for five point three three the sales figure also coming in slightly weaker than estimate full year net organic sales six percent growth at the estimate have been for six point four inflation story playing out in the results there from Diageo also nationwide July nationwide house price figures in the UK prices have fallen two tenths of one percent month on month the estimate was for a bigger drop UK house prices then from nationwide will be speaking to their senior economist Andrew Harvey in just a few moments and from Nomura their first quarter net income 23 point three billion yen that was compared to one point seven billion yen last year year so a big jump year -on -year growth from Nomura as well now those is a few of the breaking news lines and this morning in terms of companies reporting let's also take you to a few of today's top stories HSBC says that it plans to buy back up to another two billion dollars of stock after making a pre -tax profit of eight point eight billion dollars in the second quarter the results are a clear beat with top -line growth and net interest margin both exceeding estimates the stock is hovering around the highest level in four years HSBC's CEO Noel Quinn has told Bloomberg that he considers any talk of spinning off the bank's Asia business as closed higher interest rates for longer will continue to pressure both consumers and businesses and it's in all our interests that we can get down inflation as soon as possible in order to ease the pressure on the yield curve and rates. HSBC's CEO Noel Quinn commenting on its largest shareholder in terms of Ping An's bid to carve off its Asia unit. Now the lender joins the likes Barclays of that had chartered a Deutsche Bank in announcing share buybacks are surging loan income has boosted and inflation in UK shops is falling for the first time in two years. Shop prices were 0 .1 % lower in July than in June, wet weather and staple goods like oil and fish. There are some of the major factors driving prices down and although some might see it as good news for the Bank of England, the central bank's June forecast predicted falling goods inflation. It's more concerned about wages and service price rises. In London James Woolcock Bloomberg Daybreak Europe hedge funds are throwing in the towel on their stock bets according to data from JP Morgan. In a move known as degrossing, managers have slashed positions on both bullish and bearish equity wages rather than sinking like most forecasters predicted stocks have actually instead surged on hopes of a soft landing but that is wishful thinking according to JP Morgan's chief global market strash Marco hedge fund.
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"Is there a slight pivot away from China to focus on India? No, we're looking to invest In all of Asia, we see great opportunities still in China, here in Hong Kong, but also we've We see opportunities within India and Singapore and Singapore, not just for Singapore alone, but Singapore and its gateway into ASEAN. So we're investing equally between all parts of Asia and we're seeing good performance across the whole of Asia. But also we're investing been in new business lines for us. So I think in the past, we've underinvested in our wealth business across We had a very good business here in Hong Kong. We invested in that, but we didn't invest enough in mainland China or in Singapore or in India. And we're correcting that now. And you can see the evidence of these that in results. In Asia, we took in $27 billion of net new half of our clients. And that, you know, if you look globally, which in the last 12 months, we took in invested assets into our wealth business. That's a function of the investment started over two years ago. No, no. How worried are you about Chinese real estate? And actually, if you look You know, what you've announced today, developments could be worse than what you're expecting. And will you have to take more, you You know, more fresh charges against some of your exposure there. I think we what we announced today today was we do a scenario on what a potential plausible downside could be on that. We're not predicting we scenario plan that we did take some additional provisions in the in quarter two, but they were they were relatively manageable within our overall ECL charge. I think we took about 300 million in the first half of this year. that was top up on some existing provisions. But if I look at my overall ECL charge for the first first half of the year, it was 1 .3 billion. And that absorbed commercial real estate in China, specifically particularly on real estate in China, it will be a challenge in 6 -12 months, the industry still has some challenges ahead. We believe we're well provisioned, we comfortable with the provisioning we have at the half year, And we'll have to wait and see how the policy measures continue to And what is really challenging in the real estate market in China is a lack of demand. And that's really where I think the solution to the challenges will come from. What does the decision to Your London headquarters. Tell us about your commitment to the UK. We're absolutely committed to the UK And our decision on premises in the UK is a function, frankly, of some of the reduction in costs that three to four years. It's a function of changing working patterns and it's a function of some of the that we've done. So our need for premises in the UK is less today than because three, four years ago. So our choice on where we relocated the head office wasn't a decision between Canary Wharf and the city. It was a decision based on available premises somewhere around 2026 and 2027 that had the capacity, but too much capacity. to absorb the the people we wanted. So frankly, we needed a building half the size of Canary and we believe we're well provisioned. between the city or work. It was a practical We are now worldwide and some of I guess the influences across the world. Do you your say your reasons for remaining in the UK are actually decreasing? No, I think the UK is a very good place to have a headquarter for a global institution. It covers all the time zones well, it's a good environment to operate it. We have to have a headquarter somewhere and the UK has been a good headquarter for us. But I'm also at the moment in our our headquarters in Hong Kong. And in a few weeks time, I'll be in our headquarters in the Middle East. So you know, It's a global organisation, and there has to be a place where you're registered. And the UK is a good place place to be registered. It's a good environment to operate a global bank with a good regulatory environment. And we're very happy there. So when you look at UK Mortgages, I think you were the first major bank to actually start cutting your rates last week. Do you see rates substantially falling falling for mortgages in the near future. I think it's going to be a function, frankly, of the swap rates rates in the UK. You know, it's not just the base rates in the UK, but it's the swap rates because most mortgages are priced off swaps And it will be there for a function of what is the market confidence. Where does the market see the yield curve store. The yield curve go up. Then we started to see it come down. Our ambition is to try and make sure our needs and needs are as reasonable as possible to help customers navigate what is definitely a challenging environment of higher rates in the market plus higher inflation. So if we can move down, we will do as quickly as possible. So that was our decision. I can't predict what the yield curve necessarily will do. There is the prospect of more interest rate in the future in order to combat inflation. and that therefore could change the yield curve for the swap And therefore we may have to adjust pricing then up or down. No, it's clear that that in the last couple of weeks Nigel Farage really dominated the headlines when it came to banking in the UK. Do you think it will change banking Would you ever drop a customer because of their political beliefs? Well, first, our policy is very clear. We do not exit a client or debank a client based on their lawful for views. personal We don't do that as part of our policy. What I also want to do is say we will work with the authorities is in the UK, the FCA and the regulators in the UK in whatever work they're going to do over over the the next few weeks to try and find a good resolution to the current situation that exists. But but our policy is we do not de -bank based on the lawful personal views of our That's HSBC CEO Noel Quinn speaking there to Bloomberg's editor at large Francine Up next, CINAC downplays green policies to court middle England and Musk's giant X sign I'm being dismantled. Now the paper review on Bloomberg Daybreak Europe, the news the you need to know from today's papers. Joining us this morning is Leanne Goins to discuss. Let's start With the Financial Times this morning, Leanne, Rishi Sunak downplays green policies to court, middle in the Middle England. Caroline, good morning to you. Yes, and this is the headline in the FT. And they basically They say SUNAC is playing down the Conservative Party's green credentials. And they say that is due Thank you to that surprise by election win in Uxbridge two weeks ago, over the issue of is. So this is what the FTL say. And yesterday, we were talking about this in the papers, weren't we that the Prime Minister was off to Aberdeen in Scotland yesterday. He actually got a private jet there. And he also announced accounts plans for hundreds more North Sea drilling licenses in the years to
Men In Blazers
"middle england" Discussed on Men In Blazers
"Black Jack. You don't say garita 7th. 5 minutes later, he was still going my 7. Hey, you took my 7. I'm gonna tell you priest is an untapped resource for comedians and storytellers the world over and I do think. If this is the only legacy of this podcast, just comedians do Bruce arena bits. We have done our work. Very serene as U.S. went on to take South Korea, Clint Mathis, who had his roommate shave his hair into a slightly bizarre Mohawk, have to be benched for the Portugal game. Perhaps it was just ridiculous enough to distract defenders so he could pull off a delicious trap and volley out of nowhere in the box and Clint or Clint 1.0, which really the bad boy of the group Bruce arena used to publicly complain about his fitness and the build up going into that tournament was Clint Mathis here he comes. I think he was the cover boy of either Sports Illustrated or ESPN the magazine. Like it was going to be all about Clint Mathis. So weird that we would then be Portugal without him. But then him scoring in that South Korea game was like, oh, here it comes, y'all. This is our inigo Montoya moment. I am not left handed. We've got Clint Mathis. And then that was all we heard of him going forward. This is the managed thing that was cletus. A yokel redneck Simpsons character and he liked his nickname too much. He got cletus tattooed on his back. He had a 5 inch sword tatted on each arm. He was the self dubbed Dennis Rodman of the team. I would love to see Bruce arena just like good up to him. I too might just be like, you took my 7. 7. There's not many national team coaches that are written by Neil Simon, but Bruce arena will bring you that odd couple. Prisoner of 42nd avenue energy. Anytime you want it. Present 23rd and third avenue? Left in the 42nd floor. I forget it. I am just hiking up my car keys and tribute as we saw his legend higher and higher. Brad friedel saved a penalty, kind of talk about his accent quickly. You spent a lot of time in England without sounding like a bastard offspring of the Mideast and middle England. No, that was not really the bread and butter stuff, was it? It was a bit hectic second half. We came out again. I would like to mock that, but I've spent two thirds of the last three years here in this country. And roger, I kid you not, about a week ago, I non ironically used the word crikey. Something about being here does it to you. And right here, we're here, folks I'm going to show you you won't see it, but I'm sure Raj, this is the flashlight on my phone except lately, I call it my torch. It's the torch on my phone. And if I don't like it, I'm going to throw it in the bin. This is happening automatically. It just happens to you. These are words though, friedel adopted the whole accent. And I'll just say by the use of crikey and bin. You are two thirds under the way to becoming Blackburn starting goalkeeper for the 2023 24 season. I'm just warning you. Our dreams they were leveled late on when an Yong Huang scored and we then got bare bottom spanked by Poland. The game which has forgotten mostly because Poland hadn't even invented Robert Lewandowski yet, but the Koreans at the same time be 9 men Portugal won nil and as they scored the U.S. bench still down three nil leaped up cheering and clapping the USA was due to the knockout rounds, the round of 16, but they'd face because of course it had to be them, the World Cup writers, they don't muck around, Brendan, Mexico. I knew just enough to know at that point that we do not like them. It was a wonderful nation of wonderful people. They are glorious neighbors, but football wise, we can not lose to Mexico. We just can not. This is a chance to get to the corner finals, which we knew we had not been to the quarterfinals in a long ass time. And so I watched that game. I was back in Chicago by then. I watched it at a faux Irish bar called fado. Yes. Yeah. Yes. Sadly, demise chain. There was packs and to be in a kind of soccer bar atmosphere that I had experienced in Europe, but never, ever experienced in America, but that I was able to find for that game felt watershed. Ahead of that gave two 30 a.m. Eastern Time kick off over here. I always remember four hours before it kicked off George Bush the president phoned in and said this. A lot of people didn't even know anything about soccer like me or
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"Reliable connection. Learn more at Xfinity dot com slash Timo facts. Relationship. But effectively kind of blaming the government saying that it's working people paying the price. That is something that's been echoed by the two UC and they go into at this point, they have a 20 point lead over the Conservative Party in two years time when we need to have a general election, you know, if it's labor that takes over, they're going to have to deal with this budget or deliver some of the pledges surely. Yes, and that's what's going to be so interesting going into the next election. How much of this package do you labor say they will commit to? Because the danger for them is that if they say, oh no, we wouldn't be fiscally looser in our stance than the Tories might paint them as, oh, you know, we can't trust labor we've got this plan, which is extending the ship and they're going to junk it. So it's a really big political choice for style and rich reasons whether they commit to it in its entirety or so they do some parts differently. You mentioned there on the edges they have criticisms about things like the impact of Brexit, but are they advocating for joining the single market? I think they are. So it's so interesting to see what measures they say they would not go ahead with and how they build their electoral platform. But yeah, it's a real difficult inheritance for labor if they do in the next election because they'd be expected to deliver many of these spending cuts. Because Joe, just following up on that point, the extra money for the NHS, extra money for schools, that the windfall tax on energy companies higher rates for higher earners. These are all being these all policy measures that labor would support. I put that to Rachel, she didn't push back on that. But she also wasn't going to be drawn on the details of how they may adjust. Well, she gave a few examples, but she obviously didn't want to be nailed down on specifics of how they would adjust that backloaded set of measures. Yes, exactly. And then they had torsten bell at the resolution foundation on the front page of the telegraph today saying yesterday was the rhetoric of George Osborne, but the policies of Gordon Brown, you know, this was in many ways a pretty centrist budget in terms of who was targeted broadly speaking more of the wealthy. Yes, middle England was hit by more tax, but the balance was pretty centrist. And so yeah, labor would think would have done something pretty similar, so you're right. At the edges here about what they would change, but the big picture is big hit to living standards. And a real tough time, however it's going to be in power to deliver those spending cards. Yeah, just finally, Dan, just tell us about the market implication for the guilt markets in the UK. Obviously, there is a significant cost for the failed trust economics in the sense of higher high interest rates. Yeah, there has been. The premium that's been called many things over the past few months, but I'll just call it a premium that was built into UK markets. The UK specific premium is pretty much gone to be honest. And it had gone before this budget. So there wasn't there wasn't a huge amount, well, the key point for this budget was not surprised the markets and they didn't surprise the markets. Everything was very well trailed and as Tom said market reaction was almost nonexistent. And that's exactly what they would have wanted. But I think just to go to your point about guilt. I mean, the size of issuance that we got, not just the coming fiscal year, but in future fiscal years, boring still up around 80 billion pounds at the back end of the forecast. I mean, it's an enormous amount of money that we're looking at. So for the guilt market, it's going to be a lot to swallow, particularly with the Bank of England, going about its conceit of tightening program. And of course, on the flip side and where we started is that in the near term, I think we still talking about this hasn't done anything to change the picture. I don't think about for the Bank of England. You still got more rate hikes coming. So you've got the broad, the big picture here is high rates and higher age potentially for quite a while too. Yeah, it's a very difficult moment, isn't it, Dan, thank you so much for your analysis. Bring back senior UK economist Dan Hansen and our government and treasury reported Joe Mays, my thanks to both of them, the resolution foundation calls it an unprecedented collapse in living standards that is about to wash over the UK. I'm going to put that point to Frances so Grady, who's the head of the trades union, Congress, of course, many different elements of the T you see have undertaken industrial actions. So that's coming up. And also how much money will there be left over for all of our climate goals here in the UK? We're going to talk cop 27 next. This is Bloomberg. Markets, headlines and breaking news 24 hours a day. The Bloomberg business app. Good Bloomberg quick take. This is a Bloomberg business flash. We check your markets every 15 minutes here on Bloomberg radio, but if a turnaround in risk sentiment after the sell off in the U.S. yesterday concerns as beneficial pushback on any sense that there's going to be a pause Jim boulard saying that he sees the terminal rates at the top rate in the U.S. and the Federal Reserve getting up to as high as 5 and a quarter percent at the minimum, he said, but nonetheless, equity is turning around in the European session and futures also higher in the U.S.. The benchmark European stock 600 currently up almost a full percentage point gaining 9 tenths of a percent even in the UK the FTSE 100 up 7 tenths of a percent 7395 on the FTSE 100 over in Germany the Dax is trading at 14,000 to 406 that's again of 1%. Futures in the U.S. as I touched on the S&P E minis currently up three tenths of percent now that futures in similar territory across the currency space, the Bloomberg dollar index is just marginally softer
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"The NASDAQ 100 We are down by more than 1% Yields coming in a capital of basis points call it three 3.0122% on a ten year and the main event has got to be targeted if we could take a quick look at the name the stock lower in early training lowered by a lot as well Off the lows that's the good news the bad news is we're still down by more than 7% so It's going to be interesting to see This is a lot of fun right now We're going to do this here to keep the dialog going And I really want to focus on the CPI report that we're going to see on Friday David page joins head of macro research at X investment managers And what you don't see folks when we're on break is David page and John farrow come from Nick of the Woods and they were just reminiscing about the three or four day jubilee as much as they could And you know we're going to keep up this dialog as well Is inflation the same David page in middle England as it is in Middle America It's similar I mean we're getting much more pressure coming through from utility bills So the household costs rather than from petrol or gasoline costs So that's where the pinch comes differently But energy is still energy You're still getting that problem coming through And serves to start to grow You've got very tight labor markets for slightly different reasons but tight labor markets in both And that's feeding through some of the services inflation Not the most male I get but pretty close in as simple as I can Economists talk about core inflation we are living nominal top line inflation When are we going to stop doing that and start looking at 8% inflation Headline is what's key at the moment And it's not only key because it's what's driving real disposable incomes and it's the squeeze that we're feeling on the consumer which is very similar in the UK So a slight lesser extent across Europe but very similar in the U.S. So it's very important from that real disposable income point of view but it's also inflation expectations And that's what's got the central banks worried So people man on the street doesn't look too much at core inflation They're worried about headline inflation They are worried about petrol prices or gasoline prices And that's what's going to drive inflation expectations expectations higher At the moment it's not happening There isn't a big increase in medium term inflation expectations People are pretty comfortable with the institutions albeit they know we're in for a brutal shock over the next couple of years But that headline is the focus I think David how concerned are you about that study that came out yesterday When you took a look at the 1980s inflationary wave and adjusted it to the spending habits of today you got something very similar to what we're looking at now the peak as calculated by this study with Larry summers that came out yesterday June 1980 was 9.1% versus the 6.2% CPI print that we've seen on the core level Do you view that as a likely comparison that gives a sense of how much work the fed has to do and whether we're going to head back to a Volcker era type of circumstance Yes I mean I think the fed's first interim target is whether or not it can control the outlook for domestic inflation I mean very clearly the reason we're here is from a lot of external shocks and that's the case for a lot of the economies but you've got oil prices which may well go higher over the summer You've got the potential for a gas problem coming through in the fourth quarter and you've got supply chain issues Now the fed can do little about that and probably won't worry too much about that It will assume over the next couple of years that those issues will fade back What the fed has to worry about is the fact that the domestically generated inflation is so high And that's coming from a tight labor market Now from that perspective what they need to do is slow the economy and they need to gently raise unemployment but we all know what a double edged sword that is and how successful the fed has been at making that very fine tune adjustment over the last several decades So it's a huge challenge and I think over the summer particularly as markets try and second guess exactly what the positions are going to be is going to be very difficult for the fed to keep the markets exactly where they want them tight enough to slow the economy but not so tight there's tip them into a more outright recession And part of this is how quickly the fed wants to get inflation back down to that 2% target We've been talking about this for months about whether they're going to be okay with 4% at the end of next year or even 5% or whether that will be a little bit too slow of a decline for their comfort At what point do you see them thinking okay this isn't appropriate pace 4% 3% or does it have to get somewhere closer to 2% by the end of next year No I don't think they can look for that I think it's going to be very you'd see a very sharp adjustment to get it coming back to that sort of level So I think they've realistically got to be looking at getting inflation back on track by 2024 So they've got to be confident in their forecasts that inflation is going to be back to target in 2024 And that probably doesn't mean that you get anything like that in 2023 We're forecasting roughly speaking to see CPI just a little bit above 6% by the end of this year And that's assuming we don't see too much of it in energy shock at the end of the year And then probably getting down towards just over 4% by the end of next year So it is going to be quite a slow process when you look upwards but we're coming from 8 and a half percent possibly higher So we are going to be looking at inflation falling back quite quickly It's just that it's going to take a little while to get back to target Where's the value opportunity here We've had a repricing of any given ratio you want to look at is the value opportunity the United Kingdom is the value opportunity America or continental Europe No I think we might have to look even further afield than that I mean I think Europe is going to be a real risk over the next 6 months just because of the risk of the energy shock We really don't know what's going to happen militarily in Ukraine Russia Right We don't know what's going to happen with the gas shop So where are you going So then we start thinking a little bit further beyond that and we're looking to see whether or not emerging markets can make some pickup So critically do you need a weak dollar to own EM optimistically I think you need the dollar not to be moving up higher from here And I think the risks are that as we see those risks emerge particularly if we see anything nasty happen in terms of China COVID again things are looking okay for now but as we've seen with omicron on a number of occasions it picks up again quite quickly If we see risks in multiple parts of the world that's what tends to see and the dollar pick up even above and beyond what we'd expect in terms of fundamentals What's your most contrarian call David What's that most contrarian call I think we're at the moment it sounds like our most contrarian call is that there's no preset path for recession in the U.S. We're hearing a lot about the early doors of the straws in the wind of a recessionary period coming through But I don't think there's anything at this stage that commits us to an outright recession It really does depend on whether or not the fed how the fed manages expectations over the next couple of meetings So our view at the moment is that we avoid recession but that probably means that the fed stops much sooner than the markets thinking We think that by the end of this year at two 75 the fed will have to stop.
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"Steven good morning to you and thank you Boris Johnson is trying to get his leadership back on track today after more than 40% of his own MPs refuse to back him in a confidence vote The UK prime minister will today hold a cabinet meeting and his promise to deliver new policies including measures to reduce child care costs for parents and a drive to get more people onto the housing ladder last night's rebellion was bigger than the one suffered by his predecessor to reason may He was ousted just 6 months later So in other UK news of value of retail sales decreased 1.1% last month compared with a year earlier and that's according to the British retail consortium a separate report from barclaycard shows consumers or cutting down on luxuries such as digital subscriptions and also dining out The figures are the latest sign that rampant inflation which hit a 40 year high of 9% in April is definitely taking its toll on shoppers And Bloomberg has learned that India is eager to take on discounted oil from Russia's Ross neft sources say state owned for refineries are in talks for new 6 month supply contracts which would be on top of the existing shipments from other oil deals with Russia Indian refiners are increasingly looking to deal directly with Russian companies as international traders do cut ties with Moscow 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 leann gerrans this is Bloomberg Anna Leigh Anne thank you very much Now Boris Johnson is trying to get his leadership back on track today After more than 40% of his own MPs refuse to back him in a confidence vote joining us now for more on this is John tung Professor of politics at the university of Liverpool John really nice to have you with us And my producer informs me that you called this exactly right on social media just before the vote happened So congratulations on that Let me ask you about how difficult life is then for the prime minister right now how difficult will it be to govern when it is known that 40% of his own party don't have confidence in him He hailed last night's victory as both convincing and decisive but it was neither It didn't really solve any of the problems that he is confronting If you've got four in every ten of your parliamentary party not wanting you as leader you've got a serious problem What can Boris Johnson do about it Well the first thing you've got to do is hang on until parliament breaks up over the summer and get a breather then And then hope that something turns up in the autumn that you can begin to make the political weather then The difficulties thought is that there's still one more inquiry into what went on in 10,000 going lockdown was an inquiry into whether both Johnson and misled parliament over his account of what happened during that period So that will stop by some extent creating his own political agenda which we now need to do to win those rebels back What are his options then you know if he can't win those back are we looking at a general election do you think He is a political eschatology all political act of colleges And it was any other normal political leader You would probably expect me to go sooner rather than later but I'm not actually convinced that Boris Johnson will step down I still think that he believes that he has the power to concentrate the minds of the rebels The closer we get to another general election the more that the Conservative Party will have to unite even on substance And he genuinely believes that a large number of the competent department areas owe the SD to him He did enjoy the conservative biggest majority of three and a half decades When he won in 2019 and therefore he thinks the conservative MPs a lot of uncertainties are in some loyalty Now clearly that did play well last night but he still has mystical faith in his towers of bringing them around Yes and I suppose how he does in those by elections that are coming up on the 23rd of June will be interesting And I wonder whether you think that's going to be a sort of watershed moment or are expectations so low now for how the party will do that that they might manage to sort of look through that Long odds on to leave both of those by elections but they're basically the party is being written off all those by election And that was certainly increased the pressure on Boris Johnson because the only reason he is leader of the Conservative Party still is that some regarding as an electoral asset but the gloss has long since worn off 2019 and the success that came then The biggest difficulty Boris Johnson has is that he hasn't got much economic headroom to turn things around because the economy is in difficulties inflation is high Now Boris Johnson can turn around and point the successes to COVID burlock scheme which kept unemployment low but in terms of money to spend the high can't really grow the checkbook between now and the next election So he's going to have to simply rely upon the natural loyalty to the leader that comes within the Conservative Party But clearly I do think it was very very stark The booing the Boris Johnson received at the jubilee celebration And that must have been the large number of conservative MPs into rebelling last night because that's basically said that middle England no longer backed the conservative bundle Boris Johnson in the way that they once did Where is Boris Johnson where he looks over his shoulder Who's he going to be looking at as potential challengers or those who might seek to move against him now There's no natural successor and in one level that's an advantage to the Boris Johnson but there's no one that jumped out and you think yes that is the person who will replace Boris Johnson That's an advantage but it's also a disadvantage in the sense of ambition within the cabinet People who think that they could do a better job than Boris Johnson and in some ways that opened up the contest even more because you've got lots of cabinet members who privately at least can go round and make noises to back bench conservative MPE promise human all sorts of preferment all sorts of jobs should be become leader whilst the court professing loyalty to Boris Johnson all the time So in that sense it makes Boris Johnson position even more vulnerable and there are at least three or four cabinet members who are skeptical of Boris Johnson talent that said they still command a considerable degree of loyalty for many within his cabinet as you would expect And you wonder if cabinet members who are interested in leading the or non cabinet members members of parliament who are interested in leading the party you wonder whether they will spend the time between now and those by elections to sort of sounding sounding people out on that front Can I ask you about something procedural then John We've got some news coming in this morning The Ed Davey leader of the opposition Liberal Democrat party of course is going to table a motion of no confidence or wants to in parliament today Now the speaker has to accept that I understand and then that might galvanize the Tories actually behind Boris Johnson even the ones who voted against him last night but the rules around no confidence motions change a lot so update me on what I need to know about that Yes the no confidence motion will almost certainly be accepted but in many ways it's just a politics because the conservatives will be signed who the.
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"Of the contributing factor as for crude oil though continuing gains their break food at a $118 now the barrel WTI at a 114 also the gold spot price flat but trading above 1 million 901,935 That is a Bloomberg radio business slash now Here is Hannah George with today's top Stewart's Cavanaugh Good morning Caroline and thank you President Biden has warned that Russia could be weighing a cyberattack against the U.S. in a statement made Monday Biden pointed to intelligence suggesting that Moscow is exploring options for potential hacks which can be prompted by frustration over sanctions and the progress of the war in Ukraine Biden is urging businesses to enhance their defenses adding that most of America's critical infrastructure is run by the private sector Investigators are trying to establish what made a Boeing 737 800 NG plane carrying a 132 people suddenly nosedive from 29,000 feet in China's worst aviation it accident in more than a decade The China eastern airlines jet went down in a mountainous terrain near the city of Guangzhou with all passengers and crew feared jet The company has grounded its fleet of Boeing 737 800 jets while investigators search for the planes to crash proof recorders And here in the UK the advertising watchdog is stepping up its red alert over cryptocurrency ads The advertising standards authority sent an enforcement notice to more than 50 companies that have promoted crypto It says it's a warning for businesses to clean up their ads over the next two months after which they could be prosecuted or find global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries I'm Hannah George This is Bloomberg Caroline Thank you so much Hannah for our top stories this morning So let's return to one of our top issues here in the UK Rishi sunak is under mounting pressure to ease the cost of living crisis in his spring statement this Wednesday Now to look ahead at what we might hear from the Chancellor joining us now is Tim Pitt who is a partner at Flint global and also a former adviser to both Philip Hammond and Sajid javid so previous chancellors also with me and the London radio studios are Bloomberg UK economy reporter Lizzie burden Welcome to both of you Thank you so much for being with us on radio So Tim to you first the cost of living is rising voters are well aware of that What measures do you expect from the Chancellor admits what has been talked about so far A fuel duty cut but perhaps even an energy bill rebate being raised and the possibility of increasing benefit payments Do you think that any or all of those are possible Yeah well I think the chances are going to do a mixture of things So I think the absolute priority should be protecting the most vulnerable but the treasury would argue that there's already significant support they provided for them already with the energy package provided in February there's a big uplift in the national living wage coming They provided more money for benefits at the autumn budget But I do think we will see some more support on benefits But ultimately it's not just the most vulnerable who are going to suffer from this massive squeeze squeeze on incomes that we're facing So lots of middle income voters who typically vote conservative are also going to be here And I think the chance on those that he's going to need to provide them support as well So I think yes I think it seems pretty likely now we are going to see a fuel duty cut And I also think it's likely that we see something on personal tax lots of talk about him doing something potentially on either income tax or national insurance thresholds So I think so I think it's also likely we see something on personal tax too And Tim will get more data on how bad the cost of living crisis is tomorrow with annual inflation expected to rise to 6.1% in February That's more than three times the Bank of England's target but as you say it's not just the poor who will be affected by the crisis it's also millions of people who've never had to worry about how to afford heating and eating Can soon act doing enough to keep middle England on the tarry side prevent them turning on the Tories at the next election Yeah no I think this is a real real problem for the tourism and policies do not obviously very difficult for millions of households but it is politically nightmarish for the Tories And I think the risk is not just a scale of the hit but how quickly it passes or rather how long it stays We saw under the coalition for example People could actually take quite a big hit to living standards for a few years And it not caused terminal political damage to the incumbent as long as by the time you get to the election real wages are rising which in 2015 they were under conservatives one a majority I think the thing that the Tories will be very worried about now is that if you look at the current forecast that squeeze on living standards is likely to last nearly all the way to the next election which is why I think all this talk of an early election is mad So there's huge press on charter to act I think we're going to see two substantial support this week but the reality is the type of the scale of the hit we're looking at sort of 1200 pounds a year per household on average There is absolutely no way to take away all that pain You can only ever slightly take the edge off And as I think that means it's going to be a very difficult period for the Tories Yeah Also the question for me she soon act is how much rumors that how much headroom is there effectively for soon actors spend on this We've just come through the pandemic where the government did do kind of extraordinary things in terms of keeping people in jobs The deficit has looked a little bit better but inflation and interest rates may make things worse The position could look worse for next year How much room does sunak have to spend now Well lots of people have been talking about the lower than expected borrow I mean the Chancellor has money to spend What the Chancellor cares about though is not one off improvements to the public financing is what he needs is permanent ones And as you say the story there is pretty mixed yes Tax revenues are performing better than expected and at least some of that might be permanent but as you say debt interest payments are rising And the medium term outlook for growth is pretty uncertain Now he's got headroom of about 18 billion against his fiscal rules There are more.
Bloomberg Radio New York
"middle england" Discussed on Bloomberg Radio New York
"By four tenths of 1% the Euro up two tenths and the pound also up by two tenths of a percent at one 31 81 That is a Bloomberg business flash Now he is leaning with more and what's going on around the world And a good morning to you and thank you President Biden has branded Russia's Vladimir Putin a war criminal and offered $800 million worth of new weaponry to Ukraine including 100 armed drones This comes as Russian forces continue to strike infrastructure targets Ukraine says Moscow bombed a theater in Mario pole that was serving as a civilian shelter In his nightly video Ukrainian president Vladimir zelensky said negotiations with Russia were continuing Boris Johnson is expressing optimism Saudi Arabia will pump more oil to help lower energy prices during a trip to Riyadh but he couldn't give any assurance the kingdom would do so the PMM The Crown prince Mohammed bin Salman agreed to collaborate to maintain stability in the energy market And a strong earthquake has struck northern Japan year Fukushima It measured 7.3 in magnitude and hit late yesterday with reports of full deaths and dozens more people injured A bullet train also derailed on a stretch of track in that region though no injuries have been reported there The affected area was devastated by an earthquake and tsunami in 2011 that left 16,000 people dead 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 gerrans This is Bloomberg Caroline I'm sorry I don't know why that was just automatic Anna Edwards No problem right As the Anne was talking about well as we've been talking about this morning we found a Federal Reserve interest rate decision of course the Bank of England comes next and the Bank of England has been ahead of the fed and actually starting its rate hiking cycle already Let's shift our focus then two central banking action and think about the BOE with the UK rate announcement due at 12 London time a clear majority of economists are expecting a third rate rise in a row Joining us now is Bloomberg economics reporter Lizzie Burton Lizzie good morning The fed raised rates for the first time since the pandemic yesterday and signaled 6 hikes this year the Bank of England of course has already started hiking What do we expect today Yeah good morning I know Well it's a tricky moment for the Bank of England because while you've got inflation running at a first year high and only set to climb with the war in Ukraine pushing energy and food prices higher The risk of responding by tightening too aggressively is that the bank adds to the weight of war on the recovery So economists as you say are expecting the bank to hike rates for its third straight meeting but the question is how big will the hike be There might be some on the military policy committee who prefers to front load with a 50 basis point height today to get on top of inflation expectations and cut the scale of tightening overall But there may also be some who say that inflation payment itself by weighing on demand and there's not much that a rate rise now can do about the immediate crisis So Bloomberg economics reckons will land in the middle at 25 basis points which would take the key rate back to 0.75% And that's where we started before the pandemic Right so there is this expectation we get back to that pre-pandemic rate level interest rate level Are we likely to get more details on quantitative tightening today remind us where we've got to on already starting QT and where still to go Yeah we'll invest in the best thing that rates hit 1% by May and that's the level that officials have said would be the minimum though not the automatic trigger to start actively selling government bonds As you hinted at we've already started letting the guilt roll off the balance sheet But I wouldn't hold your breath for more details on quantitative tightening today because the banks also said that it won't sell government bonds actively in its time of economic or financial stress and clearly Warren Ukraine creates both And the read I'm getting from the Bank of England is that they're going to tread very carefully on QT because ultimately this is territory the banks never had to wait for And if we do get this 25 basis point hike as expected I remember one of our colleagues writing a piece about good cop bad cop And if this is the bank of people playing bad cop in terms of the cost of living then maybe that means the Chancellor has to play good cop Where does that leave Rishi sunak in the run up to his spring statement Exactly brilliant piece by David Goodman Andrew Bailey playing the bogeyman at the moment and it leaves the pressure on but she soon act to loosen the purse strings next week He could cut fuel duty He could cancel the planned tax rise for April but he's already pretty much ruled that out And then think tank the resolution foundation is calling on him to increase benefits If he doesn't act now it could be a political headache for the conservatives down the line because this cost of living crisis is set to drag millions more people into financial difficulty who've never had to worry about the cost of living before So it's not just the poorest household And it will affect middling England and they're the votes that the conservatives need to hold on to power So that will be on soon after my next week Okay thanks very much for that Lizzie Lizzie Burton Joining us there from the Bank of England with a look ahead what to expect there Straight ahead on Bloomberg daybreak Europe we'll hear from our earlier conversation with Kyiv based human rights lawyer Alex Alexandra Matt.
Star Wars Sessions
"middle england" Discussed on Star Wars Sessions
"One is slightly longer than our usual ones. But it's worth it when you get to the end of it. Hello losses and ladies everywhere or as we say. Australia sales to model safety boom. Here's yet another pet drink christian beware. It's a chew on this time. It's about the inspirations. The dune saga had judge lucas as he was developing the script for the star wars lucas obviously structured. The first drafts. After the hidden fortress by akira kurosawa adair. Some undeniable inferences from the university had found a way into the galaxy far far away nonetheless. The amount of similarities between stars into junior universe a staggering only within the obvious parallels. Of course you'll have to have edessa planet and this was the first planet. We seize June we have iraqis tattoo in. Is the home of the solid and recently as mandatory decreased dragons on june the roads the mighty send them also known as the child and then we have even more intricate perils. We have the figure of the chosen respectively entertaining. Luke whereas in june this the quiz rock being pulled The second next. I'll protagonists To willin lukin leah are the children of thousand rada june the mother of poetry. This is the dog of the evil baron. Harken one of them are fascinating. Paras is Mind trick also known as force patients for you are pitches out there versus in the dune universe. We have the voice which is basically an ability. Used by the bennett just rid of to influence and control of paper. The next one is a biggie. Chedda bandhu verses up into cheddar bendall was basically the name of the cheddar or the drafts and are described as the most feared boras in the universe itself research. I recently installed rebels will know and on the inside. We have partnered been do. Which is a bennett. Jesuit method of training at least to complete control one's nerves and muscles. This is also used with deadly effect in the junior's been do is sanskrit and means dot but also has the meaning of the point at which creation begins and become to unity so these are but a small collection of the more obvious paris. Now it's your turn. What are your thoughts on this. Yuma fire win ready. Okay okay so there's a lot to get through in that. Obviously but basically. We're looking at the comparisons between june and star wars. Which i think's seems really appropriate or now. There's a june film coming out. The maybe lights. This year is january january next in romans. one of baba's call might not mind on that one well fair enough. Well okay boy. You have read the june books right. Have you watch the films. There's one film david lynch film which got pretended in happen. Obviously this new adaptation of denise is big big budget adaptation. This is going to do justice to the stories and evil news. A wonderful filmmaker do worry is gonna go the bladerunner twenty forty nine route. Being excellent specially stunning. But make no money. Because it's still a very nice thing and we'll put his saying that look. There are clearly similarities. Between dune a star wars star wars nick a few things and having read the books and with a level of knowledge about the source material is far and above on our about it. It's fairly very clear that there that george thought this is doing things right for picking. If you mentioned tattooing and iraqis both both sand planets and both of them are extremely crucial to the hero's journey. Hero story the sand crawlers called sand colours in in both stories in star wars. You've got spice. On star wars sessions you've got spice and indunas called yes spice milan's which is a which annoy substance which does things to the moines similar to what spice does in in star wars decide lack in the sand worms again. You could easily draw. Comparisons a jew collectors are basically exactly the same as the most as the moisture farmers even things like the the imperium which is ever shnell. The empire is very the empire is based on that the characters the characters themselves you've got you've mentioned a chosen of anneke in verses polar these. They love to say too much because as i say. There's a big adaptation coming out soon. People know about it these these parallels at burn his mentioned. They're no these on spoiling such that. There are similarities. Layer lay token nima the there there are huge similarities. The way that the villain is layered. Shall i say is very similar to one of the villains within within star wars so which is again over jewish pig. That won't be you can't. It's very hard not to endure. Something called the voice. Which is the power which you know you the power of the mind which you can use to control the mind of another person. And it's very similar to how the force works as well and but also mentioned. But duncan idaho han solo by roguish the slug creatures. That is. there's a lot there. There's an awful lot of parallels within itself influenced so much of an alien is influenced by and prometheus bladerunner north dakota valley's different tremors overseas. It has improved so much stuff and star. Wars has absolutely been influenced. It's an amarjeet and influence is been next. Would if you all is no different to what deluca soup. Of course our or the flash gordon serials of also is not hard to believe that george lucas tune which was released in the mid sixties. Frank herbert wrote it in his. It's not beyond value of doubt that george lucas read. This was highly influenced because some of the perils are extremely similar again. If you can take a parallel and run with iran and chris just is even more conic of course then that's fine if if the parallels with the same throughout the journeys were ended up being the same or things were used in executive same manner than is almost as a rip off but hasn't ripped off dune but he's being dune is ripe for the the the scope of storytelling. Is there for people to read and be inspired by we know giorgis. He's happily inspired by so many of the great works of fiction out there so yes burn. Firstly congrats on a wonderful question. Depth that you went into clear that you'd love dune as well and at the parallels are there. I think when people see dune comes out starring timothy shallow mine. Everybody else in the world are think though see as well. I think you'll be parrot. But i think anyone could be justified. Parsing star wars ripped all this off so for me. Wonderful question absolutely there are parallels but i'll just think of the more amarjeet and hat tips and george being george liberty taking and recreating as i'm out. Okay right so. I've no sane june of not read dune had to do some a wee bit of research on this psalm. Coming from the perspective really locker. Aroon newbie okay. So i've i've read a few things of looked a few things. I'll be honest of you. First and foremost june strikes me as way more science fiction. That's the first thing is very easy to look at these things. That do actually seem very face. Value very literal and make the comparisons wire whereas i think deepak star wars. Maybe just screams more fancy term me right to me bear in mind. Read or watch this. So i'm just being completely transparent and honest heavier soy in comparison. Yeah and he seems like that to me right so i'm going to go on to my next. Point is the effectively when we think about it though. There does seem to be some similarities. Here is seems to me like that. Just effectively the hero's journey. Hey that's basically set in a science fiction any more of a future galaxy slash world you know. And that's you know san planet some blahdy blah blah. Yeah okay now. Let's compare that to the next few characters. Luke skywalker neo from the matrix. Pete's polka simba from lion king frodo from the hallway. Harry potter airport right archive that. Oh from luke's from data wayne harry's from the middle of nowhere middle england everyday person lying king simba's a lion in the plains. Frodo is in hobbiton in a really light reluctance life. They get the coats their adventure. Then i kind of struggle with the kutu to adventure than they meet their mentor. Right and then. I go and deal with that fast. Few challenges a fussy problems. And i get that tests and then a approach by a wise possum. You know someone who comes to them with solution and it all ends up with some sort of resurrection or return on the return of the king. It's crazy yeah so i see. This is just more of the fact that it's all the hero's journey the end of the day when you strip it down to its core. It's the it's the same story but it's walk. Fleshes out the bones. The makes the difference what people fall in love with you know. That's why some people crazy about one franchise and not so crazy about the other and deras similarity with da as many references. The do say that george. Lucas was indeed inspired by june. But you know everyone's inspired by everything he liked the film's georgia's clearly inspired by those. But you look back at the cursor films and they were inspired by american cinema and american cinemas then inspired by shakespeare yang. Then shakespeare was inspired by many other things some biblical right it goes it goes on forever and ever and ever. I suppose what i'm trying to say is that you can make comparisons if you wanna make the comparisons you can. You could probably create them and see them. There are some very face value. Literal ones with star wars in june. Because i think they're set in in simla context. Yes kind of context. July's light realities so they're both like kind of futuristic are no star. Wars is a long time ago but just bear with me. That's important to us. Yeah exactly so. That's kind of that's kind of coming from. That's what i got a kind of a good unsung by eight thousand interesting question. I think without a question like this ever before so seeing the film my boy i know there are people that really right june but also our say this because we're pretty on. There's lots of people that dun-rite june. And i say dun bova with effectively. They watch yeah they just say watch lord of the rings instead or read lord of the rings instead or watch star. Wars that you know. And that's that's what it comes down to. Yeah that's what it comes. Down to taste. Dune is is is a lot heavier. S-o-f-i didn't who is a perfect matadors that since it hero's journey home automative bat is been around for centuries reference. Every story has been influenced by the hero's journey. Not the ones you mentioned even go back to august homers. Obviously that is the hero's journey and how long ago that was right so everything is influenced by visually though yeah regionally the e undeniable that there are links and even in the sand crawlers and things and the how spicer me and that's to the voice thing that's clearly in multiple yes visually. They're all of life spur. I think the way that this. I think the way those stories go by themselves. You know pretty different than the blue boy mentioned the overall arc of the hero's journey but my that a filthy question dirty question. I'll tell i'll tell you one thing i'm gonna do is i'm going to go. Why am research more about it. Because i've done research this question but maybe it doesn't quite justify the theme in topic of the questions. I'll get a gun research more. Think well you got to do that. Might and he's gone research our patron. If you want to help support the show you can do. Patch on dot com forward slash star. Wars patience. check it out. See what we've got on there. We have a show each per month. The pump cost and this month as we mentioned the revenge of the south. Commentary if you don't want to sign up that's totally fine. We appreciate the support however it comes so if you want to get a question you can do. Check out the cheese on there and we'll be back next month for some more superb patriot questions. We back with your answers to our discussion as world so bartender so by the mess. We're gonna be back again this thomas week in in the band. Tina.
The Dream Detective
"middle england" Discussed on The Dream Detective
"What happened is as they walked into the room and i introduced them. They walked foods towards each with a big smile on the faces on. Then they're recoiled backwards with scowls and just shook hands was really remarkable is a rebound it. Was i ready shocked me. I didn't know what that was about. So said okay. Well we sit saw him. We talked about the regressions etc. And i did a joint regression. I regret them both at the same time in the soham room hoping to provoke some memories also provoked some memories from both of them and he didn't really happen is a bit of a messy session. They just didn't flow the energies. Were ride so anyway so okay well. At least we tried. It's been an interesting experience. And we all said goodbye. And i came back home and the next morning i got an email from the governess elizabeth's governess client to say that she'd been awake all night. Memories are just being hollering into a head. She said i don't think i was elizabeth's guvener. Steve i was herald. Assist queen mary. We we know harris bloody mary. No now this all made sense because in reality merry actually had elizabeth locks up in the tower of london and elizabeth thought she was going to be executed and she was. It was the most terrifying experience of life so when they were young that were close but as they got older. They became bitter rivals. You could say enemies so that all made sense. And then so i did a lot sessions with the lady who was queen mary ann and some of the again the detail specific historical information that she came up with i had to go to history books to verify but it was all Very significant details. There is no way again. This lady was a housewife from middle england. She'd never researched this but all the facts were true. Amazing and amazing that you got to clients like that who were both nine significant historical figures but related to each other. Yes yeah an and after that the floodgates opened the universe then sent me tight suits from the scottish Tick expedition which stimulus listeners may know about. I've also had one jack the ripper. prostitute victims. How who coincidentally is a policewoman in this present lifetime. That's cool. alvin is cool. I love that a list of all the biggest namedrop of all was somebody who may have been shakespeare to pass. life may have been. Wow so i wrote the book famous. Pus lives about. The store is because just so fascinating. Yeah yeah i mean it's good entertainment even if people don't believe but i mean there's enough evidence like he said that toughest validated over and over again. You know what. I was saying earlier that for ten years. I would always say if anybody claims to be famous in a past life. That was their ego. They couldn't just be normal an ordinary like everybody else had been so when these clients come who appear to be very famous a soda shop me so i've got a a bigger perspective now. I don't expect my clients to be famous imposs- lives however caused somebody out. The has got to be reincarnations of these people just recently. I've had a client in oslo in norway who appears to be the reincarnation marie-antoinette's who died of course as a result of the french revolution. And she had a she experienced the the troll rabin prison does marie-antoinette's and then being guillotined and as a result of the session where she had a head shops often..