we are live from world headquarters a special edition of bloomberg markets. >> with feelings of found sorrow

, throughout her life her majesty the queen my beloved mother was an inspiration and example to me and to all of my family. we owe her the most heartfelt debt any family could go to their mother. for her love, affection, guidance, understanding, and example. queen elizabeth was a life well lived. a promise of destiny kept. and she is mourned most deeply in her passing. that promise of lifelong service i renewed to all of you today. alongside the personal grief that all of my family are feeling, we share with so many of you in the u.k. and all of the countries where the queen

was head of state, in the commonwealth, and across the world a deep sense of gratitude for the more than 70 years in which my mother as queen served the people of so many nations. in 1947, on her 21st birthday, she pledged in broadcast from cape town to the commonwealth to devote her life whether it be short or long to the service of her people. that was more than a promise. it was a profound personal commitment which defined her whole life. she made sacrifices. her dedication never wavered. through change and progress,

times of joy and celebration and through times of sadness and loss. in her life of service, we saw that abiding love of tradition together with the fearless embrace of progress which makes us great as nations. the affection, admiration, and respect she inspired became the hallmark of her rain. as every member of my family can testify, she combined these qualities with warmth, humor, and the ability to always see the best in people. i pay tribute to my mother's memory and i owner her life of service. -- i honor her life of service.

her death brings great sadness to so many of you and i share that sense of loss beyond measure with you all. when the queen came to the throne, written and the world were still coping with the aftermath of the second world war. still living by the conventions of earlier times. in the course of the last 70 years, we have seen our society become one of many cultures and many faiths. the institutions of the state have changed in turn. through all changes and challenges, our nation and the wider family of realms of whose talents, traditions, and achievements i am so proud have prospered and flourished.

our values have remained and must remain constant. the role and duties of monarchy also remain as does the sovereign's relationship with the church of england. the church in which my own faith is so deeply rooted. in that faith and the values it inspires, i have been brought up to cherish a sense of duty to others. and to hold the greatest respect the precious traditions, freedoms, and responsibilities of our unique history and our system of parliamentary government. as the queen herself did with such devotion, i solemnly pledge myself throughout the remaining

time god grants me to uphold the constitutional principles at the heart of our nation. wherever you may live in the united kingdom or in the realms and territories across the world and whatever may be your background or beliefs, i shall endeavor to serve you with loyalty, respect, and love as i have throughout my life. my life will of course change as i take up my new responsibilities. it will no longer be possible for me to give so much of my time and energies to the cherries and issues for which i care so deeply. i know this important work will go on in the trusted hands of others. this is also a time of change for my family.

i cannot -- i count on the help of my wife camilla. she becomes my queen consort. i know she will bring to the demands of her new role the steadfast devotion to duty on which i have come to rely so much. as my heir, william now assumes the scottish title which is meant so much to me. he succeeds me as duke of cornwall and takes on the responsibilities for the duchy of cornwall which i have taken on for more than five decades. today, i am proud to call him prince of wales.

a country whose title i have been privileged to bear during so much of my life and duty. with catherine beside him, our new prince and princess of wales will continue to inspire and lead our national conversations, helping to bring the marginal to the center ground were vital help can be given. i want also to express my love for harry and meghan as they continue to build their lives overseas. in a little over one week's time, we will come together as a nation, as a commonwealth, and indeed a global community to lay my beloved mother to rest. in our sorrow, let us remember and draw strength from the light

of her example. on behalf of all of my family, i offer the most sincere and heartfelt thanks for your condolences and support. they mean more to me than i can possibly ever expressed. to my darling mama, as you begin your last great journey to join my late papa i want to say this. thank you. thank you for your love and devotion to our family and to the family of nations you have served so diligently all these years. may flights of angels bring you

to rest. caroline: a loving tribute. king charles iii now taking with frown and talking of a time of change with family. his wife, camilla now the queen consort. the prince and princess of wales. his love for harry and megan. this is been an expression of personal grief but when he said he shares with the nation. he wants to ensure the connection between monarch and the continued people he looks now after as monarch whether it be in the u.k. or the

commonwealth. romaine: speaking to them and talking about the role of the monarchy, the values they have abided by and the commitment to retain those values in his words. the honoring of those values will and should remain constant. taylor: talking about a sense of sadness, but also trying to find the joy in steadfast commitment and lifelong service that the queen gave up. when you think about the personal sacrifice of what it means to be a queen or king, to give up a lot of the personal commitments he mentioned a lot of the charities that he might have to stand back from. that is the shift from personal into the public and the active service that he discussed. caroline: a focus on the

environment, the youth, the prince's trust. a solemn pledge to uphold constitutional principles of the heart of our nation. let's get more from on the ground outside of looking palace. -- outside of buckingham palace. that speech was prerecorded. now, the live reaction. >> this is a man who is wonderful with words, so we expected nothing less. a moving tribute as king charles called her his darling mama thanking the queen for her service. he referred to a life well lived. he pay tribute to her sense of humor and her ability to see the best in people. there is a strong emphasis on continuity. his sense of duty that he shares with the queen.

interesting he referred to her speech her broadcast in cape town when she was 21. that dedication to duty that she maintained throughout her life. king charles telling us he intends to do exactly the same. also, acknowledging the need for change in his own personal role from being prince of wales not just having to step back from the charity that also the issues he said he is been so passionate about. he is been known to not be backward about coming forward with his views on architecture and the environment. but acknowledging in this broadcast the difference that he will have to make as king. interesting that he referred to the loving help of his darling wife camilla who over history

has sometimes been a controversial figure because of the legacy of diana. he referred to her as his queen consort which she is now and focus has become more popular in recent decades. he also spoke to prince william and his wife catherine. as she steps into a title held by diana. it is a time of immense change for britain and a real moment in history. romaine: thank you. we will check in with her a little bit later in the program. right now, we want to go to our next guest. caroline: let's bring in a current member of the house of lords.

what is it you make of the speech? this movement that we see from one exchange to the next and anointing of the new prince and princess of wales. are you thinking this could be a positive time for the country? >> this is a very sad time. as her majesty the queen said, the price of love is grief and we loved her. i have received messages from all over the world. people loved her majesty the queen. the speech now by his majesty the king, king charles iii was about his mother and very clearly talking about the life that she led was a life of service. she was the ultimate service leader. she served her people of great

britain and northern ireland, but she also served the commonwealth. 56 countries making up one third of the world's population including giants like india and tiny caribbean countries. they joined the commonwealth voluntarily. she was not just the head of the commonwealth, but leader. now, king charles will be the same. the emphasis on service, leadership, and duty came across. we are now paying our tributes to queen elizabeth ii and the speeches are phenomenal people talking about their own personal experiences with the queen, their relationship with her. i spoke about the duke of edinburgh her husband how close they were. she used to call him her rock and we refer to the queen as the

rock of the nation. there is no question, king charles iii has a difficult act to follow. as i said in my speech just now to the house of lords, if i can speak further is because i am standing on the shoulders of giants and one giant his beloved mother. the queen has been a phenomenal inspiration. her inspiration will live on with all of us forever. taylor: what do you make of the delegate balancing act of being a king, king charles iii versus the tender moments we saw this morning getting out of the car, shaking hands with other mourn ers who had lined up. i even saw where he leaned in

and let someone kiss him on the cheek. what does that balance look like? >> the wonderful thing is that as prince of wales, king charles has had many years to prepare for this. he is been privileged to know her majesty. he has also been service leader. the huge numbers of initiatives that he has championed whether it's architecture, agriculture, he is passionate about things, with the environment he was way ahead of the game. he has been talking about it for decades. way ahead of all of us. he is someone who cares. i have seen how much he cares and how devoted he is and what a devoted service leader he is himself. he has his mother's inspiration and her sense of duty and

service. now he has prince william his son and he said straightaway that he is now the prince of wales and catherine is now princess of wales. this is wonderful news. we ended our speeches in the house of lords by saying long live the king. romaine: i am curious about king charles's comments about his son, prince william who is now basically assuming the duties that prince charles held for almost five decades. what do you think prince william's new role will look like? what will be different way his father did things? >> they are all different individuals, but the beauty is that you have continuity.

you have a line of succession and prince william has been able to see his father to help his father to work with his father. he will now be able to take on what his father has established. he will take things further and his own weight. e-book reader his own initiatives but also build on what his father has created. i think it's wonderful. he fulfills duties now so we're are very fortunate to have them with this dedication of service. the king also mentioned the church of england of which he is the head. he mentioned the commonwealth and inking globally. always from the time i have known him, charles is been thinking globally. he genuinely cares.

romaine: we appreciate you taking the time to reflect on this moment with us today. we want to go to our next guest. the director of operations and training for trojan consulting, a security firm in the u.k.. also a member of the famous royalty protection detail similar to the secret service here in the united states. they protect the queen, prince, and now the new king. talk to us about what might be the difference with king charles and his accessibility, his outreach to the public in a physical nature. will it be different and what sort of precautions will be taken? i think we are having an issue

with the audio. we can hey you now. >> it will be the same, but different with regard to king charles. he had an extremely long apprenticeship coming into this role. he is already lived a certain element of this life. the title has changed and the responsibilities have changed regards to how he will be perceived and what he wants to do, it will still be very similar. he will still want to go and speak to people. he will still want to try to understand what their needs are, what their concerns are. as part of the protection team, you had to facilitate this, you have to allow this to happen. that's what they want to do. it's very easy for us to say don't do it and put everybody behind a fence, but that's not how the monarchy is going to survive. king charles fully understood

that as the prince of wales. he knew he had to go speak to people and give them accessibility. taylor: talk to us about the decision behind that moment. this morning, we were realizing we were watching history we saw him get out of the car, shake people's hands, and away coming into a moment of his mother greeting the crowd. i saw the moment when he offered someone an exchange, a kiss on the cheek. there are also the safety concerns that you are always trying to protect. >> it's always a difficult balance. you are professional, the protection officers there are vastly experienced. they know what they're looking for. they know they should expect to see and what they don't expect to see. you have to strike a balance. we are looking at a crowd that

has come see the new king. people that are in a bizarre sense happy to be there. you can see the protection constantly looking at hands, nonverbal coming acacia. in the u.k., we allow them to do this. you have to work exceptionally hard. those protection officers will be for the short time of 10 or 15 minutes, that is a highly pressurized situation. you are really looking forward to getting back behind the wire again. caroline: talk to us for a moment about the enormous protection focus that now goes over the course of the next 10 days.

a moment for the country to pay its respects. a funeral that will be enormous in its nature and want to celebrate a life. but one that you have to be thinking very much about that should remain safe as well. >> it's going to be the biggest policing operation the u.k. police service has ever delivered. there have been various big occasions before regard to the funeral, the wedding, and g20. this is going to be extremely unique. you're going to put some of the most prominent people in the world in one place at same time. then you have to balance those security concerns with people who are going to come pay their respects. there was certainly an outpouring of grief when the princess of wales passed.

that is going to be magnified tenfold. you have a security issue, a public safety issue as well. the planners who have had london bridge in their sites for many years, they're looking at how that fits with the current climate, the current threat assessment, the geography of where things going to take place. coffin have to come down from scotland. there are many jurisdictions throughout the u.k. it will have to pass through before it arrives in london. the big piece of work and my former colleagues have gone many long hours ahead of them over the next 10 days. caroline: thank you, simon. we want to move on to the next

step of the conversation because this is not just in england, it is scotland as well that mourns where she is. this is a moment for national unity. many have been concerned about the fractures that may have developed over the years between the united kingdom, one that as we know the queen was so fond of and committed to. talk to us about the sense of mourning in scotland and what this means for the united kingdom. >> the sense of mourning is great. i myself vaguely as a small child remember my parents speaking about the king dying. most of my life virtually all of

my life i have lived under elizabeth. we have been truly blessed because she takes all of her summer vacations in balmoral. she has become part of -- she is almost like our nation's grandmother. many of the mps were talking about her sense of humor. she was out walking with her corgis one day and she came up to some american tourists who didn't recognize her. they said the queen lives around her, heavy met her?

-- have you met her? she said no, i haven't met her, but this gentleman has. she seemed to come here and relax. we will miss that. our local dialect, it's not a different language but we use slightly different words especially in the country and she was known to reply to questions using our dialect. it is quite astounding. we will miss her. we will be loyal to king charles iii as we were to hurt. romaine: did you get to speak -- to this into the speech by king charles? what did you think? >> yes, i thought it was measured. i would like to have to make a speech like that having lost my

mother the day before. i thought he did an excellent job. the content was measured. it was solemn yet lively as well. very good. romaine: we thank you for your time and sharing those anecdotes . charles. we will continue our coverage here on bloomberg television. special coverage of what is happening in the u.k. we will be back to the markets in the u.s. before that, joe mathieu was standing by. ♪ joe: the ukrainian counteroffensive is progressing in the north. less so in the southern region. officials and russian military bloggers are