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Bloomberg Daybreak Europe

Bloomberg News

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.

Location:

United States

Description:

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.

Language:

English


Episodes

Longview CEO: Most Assets Haven't Priced In Recession (Audio)

12/7/2022
Chris Watling, CEO and Chief Market Strategist of Longview Econonomics, says most assets haven't priced in the looming recession, and that the debate is now about what kind of slump is coming. He tells Bloomberg's Stephen Carroll and Lizzy Burden the US unemployment rate could rise as high at 8% next year, and the Federal Reserve is tightening monetary policy "until something breaks".

Duration:00:04:18

Central Banks "Not The Cavalry" To Rescue Economies (Audio)

12/6/2022
Alex Brazier, former Bank of England director and now Deputy Head of the BlackRock Investment Institute, says central banks are "not the cavalry that's riding to the rescue when the economy turns down," and that they now need to cause recessions to bring down inflation to their target. He tells Bloomberg's Lizzy Burden and Tom Mackenzie that the Bank of England doesn't need to raise rates as high as markets expect because rising energy prices are weighing on demand in the UK.

Duration:00:06:10

Savills: Slowdown, Price Drops But Not Forced Sales (Audio)

12/1/2022
Savills' head of residential research, Lucian Cook, says there has been a rapid change in housing market conditions in the UK. He tells Bloomberg's Caroline Hepker and Tom Mackenzie he expects transactions to slump by a quarter, and prices to drop by 10% in 2023, but he doesn't foresee an increase in forced sales.

Duration:00:06:46

Bailey's 'Jaw-Dropping' Testimony To Lords (Audio)

11/30/2022
George Bridges, Chair of the Economic Affairs Committee in the Lords, says Andrew Bailey's testimony to his panel was jaw-dropping. The Bank of England governor said that Treasury officials did not know what was in the Truss mini-budget 24-48 hours before it was announced. Bridges tells Bloomberg's Caroline Hepker and Tom Mackenzie that was a breakdown at the heart of government.

Duration:00:12:35

'Everything, Everywhere' Going Wrong In UK Property Market (Audio)

11/29/2022
UK mortgage approvals slumped to the lowest level since June 2020 last month, according to new figures from the Bank of England. Bloomberg's Neil Callanan joins Lizzy Burden and Tom Mackenzie to discuss how higher interest rates and the economic downturn have created a situation where "everything, everywhere, all at once is going wrong in the property market."

Duration:00:06:01

Zoopla: UK Homes Selling At A Discount (Audio)

11/28/2022
New figures from the property website Zoopla show that, for the first time in 18 months, the agreed sale prices for UK homes have fallen below asking prices. Zoopla's Executive Director for Research, Richard Donnell, tells Bloomberg's Stephen Carroll and Lizzy Burden that he expects the current 2.4% discount to increase, as demand has fallen by 44% in the past six weeks. Donnell is forecasting that UK property prices will fall by 5% in 2023.

Duration:00:08:00

Smarkets CEO: Tough Transition For Tech (Audio)

11/25/2022
Jason Trost, founder and CEO of London-based betting exchange Smarkets, says the end of access to cheap money has caused a tough and fast transition in the technology sector. He told Bloomberg's Caroline Hepker and Stephen Carroll that he and other tech leaders underestimated the effect of rising interest rates, and that he expects a "big shakeout" in the industry as companies are forced to focus on profit over growth. Trost also discusses how the uncertainty around Brexit has put the UK on...

Duration:00:08:33

Woods: Workers Need Economic Stake (Audio)

11/24/2022
Governments have to show they are on the side of workers. Ngaire Woods, professor of Global Economic Governance at the University of Oxford, says a majority of people in developed countries don't believe they can improve their lives through hard work now, leading to growing nationalism. Woods tells Bloomberg's Caroline Hepker and Tom Mackenzie that in the UK, Conservatives have not been able to deliver a stable government and the problems are now existential.

Duration:00:13:41

Crypto Sentiment 'As Bad As It Could Get' After FTX (Audio)

11/23/2022
Glen Goodman, Crypto Consultant at eToro, says he believes sentiment in cryptocurrencies is "as bad as it could possibly get" after the collapse of FTX. He says there are signs the market is approaching a bottom, including huge "capitulation volume" in trading. Goodman tells Bloomberg's Stephen Carroll and Anna Edwards that some of the FTX investors' due diligence was "under par".

Duration:00:05:39

Lord Mayor: UK Can't Grow Through Spending Cuts & Tax Rises (Audio)

11/22/2022
The UK has borrowed its way as far as it can, says the new Lord Mayor of London. Nicholas Lyons, a former insurance chairman, argues the City has to become more globally competitive and the government should think about creating a UK sovereign wealth fund. He also discusses the oncoming recession with Bloomberg's Caroline Hepker and Stephen Carroll, and why banks and insurers must help protect the 15 million workers who have less than £100 in savings.

Duration:00:13:40

TUC: Hunt Making Wrong Choices (Audio)

11/18/2022
Frances O'Grady, Secretary General of the Trades Union Congress, says the government did the bare minimum on benefits in the Autumn Statement, and that workers are quietly determined they won't pay the price for this crisis. She told Bloomberg's Caroline Hepker and Tom McKenzie the Conservatives are rewarding wealth and not work, with the super-rich hardly seeing a dent to their bank balances.

Duration:00:09:49

Conservative 'Party of Business' Credentials in Doubt (Audio)

11/18/2022
Tina McKenzie, Chair of Policy and Advocacy at the Federation of Small Businesses, says there wasn't much in Jeremy Hunt's Autumn Statement to help small and medium-sized enterprises. She told Bloomberg's Caroline Hepker and Stephen Carroll that the government wasn't "compassionate" towards small business owners in its announcements, and that she found the Shadow Chancellor Rachel Reeves' support for SMEs "very encouraging"

Duration:00:08:31

Business France: Firms Raising Capital in EU over UK (Audio)

11/16/2022
Pascal Cagni, chairman of government agency Business France, says consumer and industrial firms are preferring to raise capital in the European Union rather than in London. He tells Bloomberg's Stephen Carroll and Lizzy Burden that fundamentals are "only playing in one direction" since Brexit, as the Paris stock market surpasses London to become Europe's largest. Cagni also pointed to Emmanuel Macron's re-election in France as giving businesses political stability in policymaking.

Duration:00:07:31

Business France: Firms Prefer to Raise Capital in EU over UK (Audio)

11/16/2022
Pascal Cagni, chairman of government agency Business France, says consumer and industrial firms are preferring to raise capital in the European Union rather than in London. He tells Bloomberg's Stephen Carroll and Lizzy Burden that fundamentals are "only playing in one direction" since Brexit, as the Paris stock market surpasses London to become Europe's largest. Cagni also pointed to Emmanuel Macron's re-election in France as giving businesses political stability in policymaking.

Duration:00:22:21

Former UK Ambassador: Putin Could Be Willing To Negotiate (Audio)

11/15/2022
Tony Brenton, former UK Ambassador to Russia and now Fellow of Wolfson College, Cambridge, says Vladimir Putin may be willing to negotiate a peace deal in Ukraine, if "sensible bases for a negotiation emerged." He tells Bloomberg's Caroline Hepker and Stephen Carroll the Putin he knew always made calculated risks, but that this invasion was completely out of character. Brenton says Crimea will be central to any conclusion to the war.

Duration:00:10:55

Sorrell: Put Twitter Into Perspective (Audio)

11/14/2022
Martin Sorrell, Executive Chairman at S4 Capital, discusses his pitch to clients in a tougher economic environment, as S4 Capital delivers a 73% jump in gross profit in the third quarter. He tells Bloomberg's Charles Capel and Stephen Carroll that the upheaval at Twitter must be viewed in perspective, as the company only accounts for 1% of the global digital advertising market.

Duration:00:06:02

DeAnne Julius: Mortgage Rates Could Hit 8%

11/11/2022

Duration:00:11:27

Quantum: FTX Shows Crypto Exchange Risk Again

11/10/2022
Mati Greenspan, chief executive at research firm Quantum Economics, says FTX and crypto platforms have grown too quickly and unsustainably. He tells Bloomberg's Caroline Hepker and Tom Mackenzie that investors have still not learnt the lessons of Mt. Gox that centralized crypto exchanges are a risk and the platforms run counter to the advantages of cryptocurrencies.

Duration:00:04:49

TheCityUK CEO: Sunak as PM Offers Cause For Optimism (Audio)

11/8/2022
UK Chancellor Jeremy Hunt will unveil his budget next week in a bid to stabilise the public finances after Liz Truss’s ill-fated administration. Sunak’s finance minister is set to implement spending cuts and tax increases worth billions of pounds in an effort to get debt falling as a proportion of GDP. With higher rates boosting the bottom line, banking is one of the industries that may be called on to to help foot the bill. Speaking to Caroline Hepker and Tom Mackenzie on Bloomberg radio...

Duration:00:10:23

Gummer: UK Must Rebuild Trust For Climate Efforts (Audio)

11/8/2022
John Gummer, Chair of the UK's independent Climate Change Committee, says for the government to win international support for climate initiatives, it must "stop worrying people about whether we'll keep our word or not." Gummer pointed to the Northern Ireland Protocol Bill as an example of the UK trying to break its international commitments. He tells Bloomberg's Caroline Hepker and Tom Mackenzie that those who are worried about immigration must recognise how climate change will cause...

Duration:00:08:57