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Bloomberg Daybreak: Europe

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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 Markus Karlsson.

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 Markus Karlsson.
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United States

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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 Markus Karlsson.

Language:

English


Episodes

Joey Jones: Choice For Johnson Will Be No-Deal Brexit Or Electi

7/23/2019
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Joey Jones, strategic counsel at Cicero Group discusses the options for Britain's new prime minister, Boris Johnson, and says his choices are limited by the numbers of his supporters in parliament. He speaks with Daybreak Europe's Roger Hearing.

Duration:00:04:25

Nicky Morgan: I Wouldn't Rule Out A No Deal Brexit

7/23/2019
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Nicky Morgan, Conservative MP and chair of the Treasury select committee in the UK parliament discusses the prospects for success of a Boris Johnson government, and whether she would want to be part of it. She tells Daybreak Europe's Roger Hearing the option of a no-deal Brexit has to be kept on the table

Duration:00:04:14

CBI's Fairbairn: Business Needs to Move on from Brexit

7/23/2019
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CBI Director-General Carolyn Fairbairn discusses the business group's call for the next U.K. leader to launch a pro-business strategy. Speaking to Daybreak Europe's Roger Hearing, Fairbairn says British business is clear: they want a deal when it comes to Brexit.

Duration:00:04:49

MP Scully: No-Deal Brexit is Not The End State

7/23/2019
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Although there would be turbulence, a no-deal Brexit has to be kept "way, way way on the table," says Paul Scully, Conservative MP for Sutton and Cheam. Speaking to Daybreak Europe's Roger Hearing, he did however emphasise that the U.K. must prepare for it well.

Duration:00:04:21

U.K. Defense Minister Ellwood: Britain Must Protect Our Assets

7/23/2019
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Tobias Ellwood, U.K. defense minister, discusses Iran’s seizure of a British oil tanker in the Strait of Hormuz and the challenge it presents the new prime minister. He speaks with Daybreak Europe's Roger Hearing.

Duration:00:07:20

Brussels Edition: De-escalating Tanker Tensions

7/22/2019
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Bloomberg's Maria Tadeo says the U.K. is looking for solutions to tanker tensions with Iran. Speaking to Daybreak Europe's Caroline Hepker and Roger Hearing, Tadeo tells us about Spain's Pedro Sanchez searching for support in a fragmented parliament, whilst Matteo Salvini contemplates whether to pull the plug on the government in Italy.

Duration:00:04:19

Philips CEO:U.S.-China Trade War a Profitability Headwind

7/22/2019
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The impact of tariffs in the China-U.S. trade war on the Dutch health-care company Philips has been around $25m in the first half of 2019, according to CEO Frans Van Houten. Speaking after the release of 2Q earnings, Van Houten tells Daybreak Europe's Caroline Hepker and Roger Hearing that there has been no impact on growth and sales in China. He says the impact is on the bottom line, because it wasn't possible to pass on the extra costs to Philips' customers.

Duration:00:06:02

Kumra: Markets Are Looking For Direct Messaging From ECB

7/19/2019
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Markets are poised for the July European Central Bank meeting, according to Pooja Kumra, head of European rates strategy at Toronto-Dominion Bank. She tells Daybreak Europe's Caroline Hepker and Roger Hearing, markets want more direct messaging from Mario Draghi on whether quantitative easing will return or another round of interest rate cuts.

Duration:00:05:10

Fortum CEO: Would Be Stronger Working Closely With Uniper

7/19/2019
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Pekka Lundmark, chief executive officer at Fortum, discusses second-quarter earnings, their discussions with Uniper, what they will have to offer Uniper’s union officials and his outlook for the business. He speaks on Bloomberg Radio's Daybreak Europe with Caroline Hepker and Roger Hearing.

Duration:00:05:06

Property Portfolio: Expect More CVA's, Creditor Disputes

7/18/2019
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The amount of CVA's for retail and leasure properties are on the rise, says Mathew Ditchburn, partner and head of the estate disputes team at Hogan Lovells. Speaking to Daybreak Europe’s Sandra Kilhof on Property Portfolio, Ditchburn pointed to issues with the CVA model for retail properties, like how it only tackles one issue, namely rents, and not other fundamental problems like slowing consumer demand. He added that we should expect more landlords to take issue with CVA's and outlined how...

Duration:00:04:11

Vaughan: Pricing In Three Fed Cuts This Year Is Premature

7/18/2019
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The macro economic backdrop is challenging, but there are reasons for the Fed to be slightly more relaxed, looking at the broader economic trends, according to Toby Vaughan chief investment officer at Brown Shipley. He told Daybreak Europe's Caroline Hepker and Roger Hearing it is definitely justified moving to an easing cycle in the US, but there is no reason to get panicked about the state of the recovery.

Duration:00:07:50

Gordon: Negative Yields Are a Pressing Concern for Pension Fund

7/17/2019
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Do negative rates beget negative rates? Bloomberg's Paul Gordon who heads coverage of Western European central banks speaks to Bloomberg's Anna Edwards and Matt Miller. He says negative interest rates in Europe and negative real yields in the U.S. are a significant concern for pension funds.

Duration:00:05:24

Gina Miller on Letter to Johnson About Suspending Parliament

7/16/2019
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Leading pro-EU campaigner Gina Miller has sent a letter to the man regarded as most likely to be the U.K.'s next prime minister, Boris Johnson, warning him about legal action if he tries to prorogue parliament. Johnson has threatened he may do that if MPs try to block a no-deal Brexit. Miller told Daybreak Europe's Matt Miller and Anna Edwards, she thought despite polls now showing a majority of support for remaining in the European Union, a general election might lead to a pro-Brexit...

Duration:00:08:56

Brussels Edition Podcast: Von Der Leyen Pushes for Votes

7/15/2019
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German Defense Minister Ursula von der Leyen faces opposition from greens and socialists in the European Parliament as she races to get enough support for a vote on her candidacy for EU commission president. Bloomberg Brussels reporter Viktoria Dendrinou speaks to Daybreak Europe's Caroline Hepker and Roger Hearing about a busy week in Brussels, as EU foreign ministers meet to discuss worsening relations with Turkey and Iran.

Duration:00:04:13

Cole: We Don't Buy Into The Weak Dollar Story

7/15/2019
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The overwhelming consensus is the dollar is going down, according to Adam Cole, chief currency strategist at RBC, and so far it really hasn't. He told Daybreak Europe's Caroline Hepker and Roger Hearing, markets are overplaying the dynamic role of interest rates and underestimating the static role.

Duration:00:07:11

Access Bank CEO: Yet to Reap Benefits of Merger

7/12/2019
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The retail business of Nigeria's Diamond Bank, strapped on as a result of the merger, will bring down the cost of funds, says Herbert Wigwe, chief executive officer of Access Bank. He told Daybreak Europe's Caroline Hepker and Roger Hearing that every merger takes time to consummate, and that this year will bridge the gap between Access bank and its comparative institutions. He adds that Access Bank now has twenty nine million customers - more than any other bank in Africa - and that the...

Duration:00:04:18

Dumas: Fed Needs To Make Substantial Rate Cut

7/11/2019
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The current miss on the 2% inflation target means the Fed needs to make a substantial rate cut in July, according to Charles Dumas, Chief economist at TS Lombard. Dumas told Daybreak Europe's Nejra Cehic the Fed had always waited too long to start a rate cut cycle - if it went for a cut of 50 basis points in July it would have broken that cycle and, he said, have a good chance of getting the US economy going.

Duration:00:08:10

Property Portfolio: Brexit, Stamp Duty Hurting Buyer Sentiment

7/11/2019
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A no-deal Brexit would be catastrophic for the UK property market and particularly London, says Lee Pendleton, chief executive officer of UK real estate agents James Pendleton. Speaking to Daybreak Europe’s Sandra Kilhof on Property Portfolio as London house prices showed an improvement in June, Pendleton said sentiment amongst buyers remains hesitant with many fearing job losses and a hit to income. Pendleton also cited stamp duty as a major negative factor for London real-estate, stopping...

Duration:00:04:27

Moody's: Deutsche Bank's Restructuring is Ambitious

7/10/2019
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Rating agency Moody's has kept its negative outlook on Deutsche Bank saying there are "significant challenges" to executing the lender's overhaul. Laurie Mayers, associate managing director in the banking group at Moody's tells Daybreak Europe's Anna Edwards that not only will the bank be under pressure to rapidly run down the capital relief unit, it will also have to contain the erosion of the remaining fixed income business and simultaneously hit ambitious targets to grow corporate- and...

Duration:00:03:31

Nielsen: No Surprises Expected From Powell Testimony

7/10/2019
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Fed Chair Jerome Powell is highly unlikely to do anything other than give the message that the market is broadly right in pricing in a 25 basis-point rate cut, according to Erik Nielsen, chief economist at Unicredit. He told Daybreak Europe's Nejra Cehic and Roger Hearing, he would find it hard to argue, on the data available today, that the Fed should be in a hurry to cut. That said, Nielsen argues that the US is likely to see a mild recession in the next year.

Duration:00:08:04