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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 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.

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 Markus Karlsson.

Language:

English


Episodes

Ellwood: Government Needs Slimmer Decision-Making Team On Virus

4/8/2020
Cabinet members are being asked to do things that they don't have experience with, says Conservative MP Tobias Ellwood. The former Defence Minister and current Chair of the Defence Select Committee said it's important that they reach out and have a slimmer team that is able to meet the challenge in front of them. Ellwood also tells Daybreak Europe's Nejra Cehic and Roger Hearing that he was concerned about the U.K.'s adversaries taking advantage of the situation, but he had received the...

Duration:00:05:26

Wood: Risk of People Drifting Back To Work Before It Is Safe

4/8/2020
People may start trying to resume their ordinary lives if they see the number of virus cases coming under control says Mike Wood, Conservative MP for Dudley South. Wood tells Daybreak Europe's Matt Miller and Caroline Hepker it's important the government reiterates the advice to stay at home as the lockdown goes beyond its third week. Wood also says the Conservative party is not turning its thoughts to who could succeed Boris Johnson, because the whole government is just concentrating on...

Duration:00:07:28

Bale: No Rallying Voice

4/7/2020
Professor Tim Bale says with the Prime Minister in hospital, the country loses its key rallying voice in the coronavirus battle. He tells Bloomberg Daybreak Europe's Roger Hearing and Caroline Hepker that there are mechanisms for delegating his powers but big decisions loom in his absence.

Duration:00:05:06

Afolami: Tory MP Reflects Surprise at Johnson's Deterioration

4/7/2020
Boris Johnson's move to intensive care was a real surprise to Conservative MPs, according to Conservative MP Bim Afolami. Though the Prime Minster had not been seen in person he was on calls and video conferences. Afolami tells Daybreak Europe's Caroline Hepker and Matt Miller that Dominic Raab will exercise the functions of Prime Minister but the collective responsibility for the coronavirus strategy in Britain now falls on the Cabinet.

Duration:00:05:01

White: Government Can Carry On As Before, Even With PM in ICU

4/7/2020
The structures to deal with the coronavirus can continue even if Boris Johnson is out of action says Chris White, former Conservative adviser and managing director for public affairs at Newington Communications. White tells Daybreak Europe's Nejra Cehic and Roger Hearing there is no power struggle amongst cabinet ministers, and the cabinet system is functioning well in Boris Johnson's absence.

Duration:00:05:40

Campa: Hard to Judge Size of Banking Losses

4/6/2020
Jose Manuel Campa, chairman of the European banking authority, tells Daybreak Europe's Nejra Cehic and Roger Hearing that there will be a very large recession in some European countries and we can expect banks to incur some loses but at the same time the banking sector had comfortable capital and liquidity levels going in to the health crisis.

Duration:00:08:02

Rehn: There Must Be A Europe-Wide Systemic Solution to Crisis

4/3/2020
Finnish bank governor and member of the European Central Bank governing board, Olli Rehn says the ECB.'s emergency bond-buying program is the “central pillar” of its response to the coronavirus crisis, but Europe also needs continent-wide fiscal action. Rehn tells Daybreak Europe's Nejra Cehic and Roger Hearing so-called coronabonds -- jointly issued debt -- would be one option to help tackle the financial fallout from the outbreak.

Duration:00:14:28

Boscher: Markets Are In Bottoming Phase

4/2/2020
There are some signs of stabilisation in the global economy and markets, but it will take a few weeks yet, says Kevin Boscher, CIO at Ravenscoft. He tells Daybreak Europe's Caroline Hepker and Roger Hearing there needs to be evidence for the path of the virus in Europe, and it will take a while for the effects of central bank and government action to become apparent. That said, he argues that the crisis is bottoming.

Duration:00:07:36

Slack UK: Revenue Surging As More People Work Remotely

4/1/2020
About half of current customers use our free app, but more than 40 percent of FTSE100 companies are paying customers says Stuart Templeton, the UK Head of digital workplace platform Slack. He spoke to Daybreak Europe's Caroline Hepker and Matt Miller after the firm reported a surge in revenue and new customers as the coronavirus crisis prompts more businesses to urge their employees to work from home.

Duration:00:05:49

O'Halloran: Medical Evidence Will Dictate 2Q Outcome

4/1/2020
It's impossible to predict what will happen economically in the rest of 2020 without some much clearer medical evidence, according to Noel O'Halloran, CIO at KBI Global Investors. O'Halloran tells Daybreak Europe's Caroline Hepker and Roger Hearing it's crucial for portfolio managers to take a deep dive on individual companies to see which are likely to survive, and then look to build opportunities from stocks that have been oversold.

Duration:00:11:10

Krouskos: Execs Expect Severe COVID-19 Economic Impact

3/30/2020
More than half of global CEO's are reconfiguring operations as vulnerabilities in supply chains are exposed by the pandemic, according to the EY Global Capital Confidence Barometer. Steve Krouskos, global vice chair at EY Transaction Advisory Services, tells Daybreak Europe's Anna Edwards and Roger Hearing about their survey of ways in which executives are thinking about the pandemic and its effects.

Duration:00:04:27

SQUARE MILE: London First on the U.K. Lockdown

3/27/2020
Jasmine Whitbread the CEO of London First praises the government's package of measures as London is locked down but she tells Daybreak Europe's Caroline Hepker and Roger Hearing it is impossible to know how long the disruption will last. Whitbread says the assistance needs to be assessed sector-by-sector.

Duration:00:04:57

Hammer: Cases Mount ahead of U.S. and EU Stimulus

3/27/2020
Carl Hammer, head of global macro & FX research at SEB discusses the 2 trillion dollar U.S. stimulus package and European efforts for co-ordinated stimulus with Daybreak Europe's Caroline Hepker and Roger Hearing.

Duration:00:12:18

Riley: Evidence of the Severity of Pandemic is There

3/26/2020
The next 10 to 14 days will be crucial when it comes to the COVID-19 epidemic in Britain, says Steven Riley, Professor of infectious disease dynamics at Imperial College London. He tells Bloomberg Daybreak Europe's Caroline Hepker and Roger Hearing that people are too easily dismissing the severity of the risks from coronavirus.

Duration:00:08:23

Bahrke: Recession To Be Sharp & Short

3/25/2020
The recession will be very sharp and short says Witold Bahrke, senior macro strategist in Nordea Asset Management's Emerging Market Debt team. He tells Daybreak Europe's Roger Hearing and Caroline Hearing that he expects global GDP to drop 1 percent in the first half of 2020; a larger decline in growth than seen in the 2008 financial crisis.

Duration:00:11:23

Selfin: Virus Downturn Could be Worse Than 2008 For U.K.

3/23/2020
The U.K. is facing a contraction of 2.6 percent in GDP in 2020 according to KPMG UK's chief economist, Yael Selfin. Selfin tells Daybreak Europe's Roger Hearing and Caroline Hepker it's hard to see Britain avoiding such an outcome, or even worse, despite the commitments by government to guarantee business loans and help pay wages to keep companies going. Selfin says the duration of the virus crisis will determine the outcome.

Duration:00:04:21

Brown: Virus Outbreak Handling Is A Failure of Leadership

3/23/2020
Dr Brendan Brown founding partner at Macro Hedge Advisors and a senior fellow at the Hudson Institute discusses ways of dealing with the economic cost of the coronavirus with Daybreak Europe's Caroline Hepker and Roger Hearing. He says a debt-for-equity swap system is the best policy, and that there has been a failure by politicians in the U.S. and Europe to grapple with the crisis so far.

Duration:00:08:26

Larsen: Italian Bonds Are The Place To Hide Right Now

3/12/2020
Italy is further ahead than Spain or France in dealing with the virus impact, Andreas Steno Larsen, chief global strategist at Nordea says, and he would feel much more scared holding French or Spanish bonds than BTPs at the moment. Larsen tells Daybreak Europe's Caroline Hepker and Roger Hearing, Italy has taken important steps in restoring confidence with its stimulus package.

Duration:00:11:41

CBI: BoE Needs To Make Sure Credit Flows Through U.K. Economy

3/11/2020
We are seeing some impact on growth this quarter from coronavirus says Rain Newton-Smith, the CBI's chief economist, but China shows how you can contain the virus and support growth. Newton-Smith tells Daybreak Europe's Caroline Hepker and Roger Hearing U.K. business will get through this, but making critical long-term decisions on infrastructure, innovation and skills now will also give confidence for the future.

Duration:00:06:02

Saidi: Saudi-Russia Oil Dispute Is About U.S. Shale

3/10/2020
The Russians were worried about the growing proportion of U.S. shale oil in the global market says Nasser Saidi, president and founder of Nasser Saidi and Associates, and the argument with the Saudis was about how to contain it. Saidi tells Daybreak Europe's Caroline Hepker and Roger Hearing some U.S. producers will now be flushed out, but the more efficient ones could still be competitive at a price of $35-40 a barrel.

Duration:00:09:05