dani: good morning, this is

"bloomberg daybreak: europe." these are the stories that set your agenda. the reserve bank of australia confounds expectations by hiking a quarter-point and says further tightening may be needed and the aussie dollar pops. apple launches its long-awaited mixed reality have set -- headset. but will the eye watering price tag commute with consumers? plus, binance allegedly breaking securities rules. the company called it misguided. another surprise from the rba, hiking 25 basis points when the majority of analysts thought. we thought we'd get a rise in yields on the curve.

we will talk with our reporter in just a moment. this is a dilemma all central banks will have to deal with, growth is slowing and we are seeing the turn up -- see that turn up in the data but inflation is stubborn. in terms of the equity market, yesterday we briefly touched the 4300 level on the s&p 500. it came back in because apple started to fall after we saw the release of their mixed reality headset, that's the most read story on the terminal right now. everyone very excited but maybe not shareholders. also disappointing ism data. now we are seeing s&p 500 futures move higher this morning, euro stocks barely changed and msci asia up 1/10 of 1%. let's dig into some of these top stories, specifically the rba and the picture with global central banks, we will do that with garfield and zoe.

the rba surprising markets, it raised its cash rate to 4.1%, the highest since april 2022. economists for the most part expected the bank to hold steady in light of a slowing economic growth picture. for more, let's get to garfield. can you put into context how much of a surprise this is? garfield: well, about a third of the economists surveyed were seeing a hike and markets were pricing somewhere between a 30% and 40% chance of a hike. it is something of a shock, although to some extent markets are almost used to this by now. it would be a surprise perhaps if the rba didn't surprise. it's less of a surprise than last time round because this time, the rate hike was seen very much as on the table.

with it being a decent chance they would pull the trigger. at the end of last week, we had markets seeing better than 50% odds for the hike. not a huge shock but a shock. one side of how traders and investors might find it difficult to cope with the continuing barrage of my god, what is the rba doing and why are they doing it? it took several minutes before three year bonds moved. initially we were looking straight after the release. they didn't do anything and we thought that was strange. a few minutes later they did move. five or six basis points at first and then more than 10 basis points. that's still a long way off the cash rate. i think bonds are bewildered as they continue to try to fight the rba.

but the rba is more concerned with fighting inflation. especially a somewhat nebulous concept, particularly in australia, what are inflation expectations? not a lot was different with this statement but what there was was very much focused on the idea that they want to be sure they can smash inflation expectations. dani: we are going to talk to zoe about the ecb shortly, but how much of this is applicable to other central banks who themselves were hoping to either stop or at least begin to pause or skip a meeting? garfield: i think it is applicable because you are in a world where even if central banks do decide to pull, they want to be clear this isn't necessarily the end of the tightening cycle and in particular, they are not in any way contemplating cutting rate anytime soon. that's been a constant at all.

-- constant battle. we've had inflation data around the globe coming in at labels that are really consistent with central bankers being able to relax on the inflation fighting front. given that, i would think you would be expecting some more supposedly unexpected moves higher from central bankers because they are seemingly a lot more concerned about the idea that the inflation fight is not yet over than markets. markets have long been of the opinion that inflation will come back down. central bankers are not willing to take the risk on that. dani: yeah, and lowe exposes leasing it's about the cost of living pressure. garfield, thank you for joining us on the rba. that is garfield reynolds. elsewhere in central banks, the

full effects of the ecb monetary tightening campaign are still materialism and president christine the guard says inflation pressures still remain powerful. -- christine lagarde says inflation pressures still remain powerful. >> inflationary pressures remain high and although some are showing signs of moderation, there is no clear evidence that underlying inflation has peaked. dani: for more, let's get over to zoe. not necessarily knew that christine lagarde is being more hawkish, but what is new is she's giving us these comments when we have a fed talking about pausing or skipping. what does that mean in terms of next week's meeting? zoe: next week we are expecting a 25 basis point hike. the ecb has already hiked by 375 basis points except for the last hike, they were hikes of 50 or

75. the last one was 25. we are expecting 25 again next week. we are also expecting 25 again in july. the question is what happens after that because in a way, diverging from the fed as you just mentioned, something the ecb typically does not really do. they typically follow whatever the fed does, and if the fed is pausing and there is a strong indication they will pause this month, the ecb normally follows suit quite quickly. dani: it is often said and perhaps not explained well enough, but this idea of long and variable lag. we've seen the euro area inflation start slow. doesn't that to some degree mean it is not just long lags, it's already showing up? ecb policy has already been affected. zoe: it would seem like that. economists are saying right now,

the slow down in inflation we've seen, we were over 10% and in may it was 6.1 percent, that is headline inflation. that is primarily due to base effects. that's because energy prices have slowed so much. some ecb policy makers are claiming their policy is not showing up at all yet in the inflation data. the thing they're focusing on, the clip you just showed, they care much more about underlying inflation. underlying inflation trips out of volatile elements like energy and food. that one, although it slowed last month, still considerably going up. economists addict in the third quarter, july through september, underlying inflation will be stronger than headline inflation and that means the ecb cannot relax, they still have to do more. dani: all right, should be exciting next week for the meeting.

can i also say, this is like bizarre world that i am here and you are in london. we will coordinate our schedules next time. the most read story today, apple has unveiled is long awaited mixed reality headset at the worldwide developers conference. ed ludlow has the details on the company's first new major product launch and's 2015. -- since 2015. ed: the mix reality headset will cost thousand 499 dollars and start shipping early 2024. apple said this will usher in a new era of spatial completing -- spatial computing. we got some demonstration of how existing catalogs of apps could run on the mixed reality headset, as well as more modern use cases. the thing that strikes you when

you get up close and personal with the vision pro is the external power source, which leads off of a cable. it looks like ski goggles with a cable running out of it made of carbon fiber, aluminum, a proprietary alloy and fabrics and textiles for comfort. there are 12 outward facing cameras that power the augmented reality function. to compute they have a new chip, a specialized chip that processes inputs from the sensors. beyond that, we got much of what bloomberg reported we would get in recent weeks and months. 15 inch macbook air. a new generation of the mac pro desktop powered by the ultra chip. they said it has superior compute power.

beyond that, an emphasis on software. new mac os and watch os, giving new functionality. if there was one surprise, it was some guests on stage, disney's ceo bob iger talking about disney content slate and how we can see that coming to vision pro. dani: ed on the very pricey apple headset. i love the idea that you watch tv by yourself. coming up, claims that one of the biggest at conferences, it kicks off today. that's next. this is bloomberg. ♪

dani: as you might have noticed, i am in berlin and that is because starting today it is the world's biggest private capital conference. my guest is from advent international. they have 92 billion dollars in assets under management and raised $25 billion last year

with its largest fund ever. i am pleased to welcome you to the show. great to see you in berlin. we had just talked about your largest fund ever last year. a lot has happened. how as hit in deploying that in uncertain times? >> we try to have a steady deployment pays no matter the outside environment. and we've been consistently deploying that fund. deal types, and we've done a number of those and we are doing fine on deployment. dani: a lot of folks are having a hard time buying and selling. there is the mismatch between what your expectations are and what people will sell at. have you circumvented that? johanna: i think we circumvented that by being really choosy and kind of the deals we look at.

the relationships we build over a number of years so the deals we've signed in the last 12 to 18 months have been the pipeline for the last four or five years already. dani: there's a bifurcation in the market that funds that are larger like yourselves have still been able to fund raise paired the smaller funds not so much. what is that mean for the industry as a whole? could we see more consolidation with the lower end of funds? johanna: i think the lower into for funds that are exciting, there is capital available, but you are right, liquidity back to investors is difficult because the environment has been more limited. lps sometimes have to consolidate relationships. i would say as soon as the exit markets open a little bit, i would expect that, and fundraising and really in the market will be easier. dani: when you think that will happen? johanna: i think it depends on the financing environment. everybody hopes the financing

market will improve toward the end of the year. dani: it will be soon enough that we won't see any funds died by acquisition or lack of liquidity? johanna: i think the way the funds structuring works, as you know, we have a management fee that we can manage the assets, and that structure of funds allows managers to not die immediately. [laughter] maybe a bit dramatic. i think investors like us, we have to be good students. lps are also rightfully looking for liquidity back from managers. dani: what is the biggest concern for lps? johanna: i think the biggest concern is often times managing their own portfolio. where they have a denominator of

facts, where they have too much exposure to private equity, how to manage that appropriately. i think they've learned from the global financial crisis, if we go back to 2008 and 2009. a potential overreaction in the market of lps selling portfolios potentially to quickly and i think this time around they are more measured in evaluating what is potentially a short-term over allocation to the asset class. but still looking at the secondary market for liquidity solutions and the secondary market is working and that is good news. they can sell if they want to sell. dani: we've heard reports of cpp, tiger global, selling into the secondary market. this is the liquid part of the market. johanna: if i was a secondary investor, i would tell you they haven't dropped enough, but i think the pricing, finding the right price level, prices have come down a little bit, but a

secondary investor would say discounts would be higher. dani: i also want to ask you about sports. i know advent has been poking around some interesting deals. our lps excited about sports investments? johanna: europe probably -- you are probably asking because of the news in germany about the bundesliga. you are right, sports is exciting for private equity. we consume sports very differently. let's look, for example, what drive to survive has done for formula one. it brings a new crowd to certain sports and it's not just watching tv or watching the game, but also e-sports, naming, reality tv, and it all comes together. the sports media rights become more interesting. dani: i know you don't want to talk specifics about the bundesliga, there's been a lot

of talk around football rights. johanna: football is the biggest sport in europe, and i think that will continue to be a focus area for investors more generally, and also private equity. dani: i'm afraid we have to leave it there. so great to see you. i hope you have your coffee, it will be a very busy week for you. johanna: indeed. dani: coming up, s.e.c. souza binance and extends -- sues binance. this is bloomberg. ♪

dani: let's get you your first word news. adrian? adrian: the ecb president says

inflation pressures remain powerful and borrowing costs will be raised further to tackle them. the comments amid expectations for another interest rate hike at next week's meeting of the euro area central bank. she reiterated that there's no clear evidence that underlying inflation has peaked. >> indications of underlying inflationary pressures remain high, and although some are showing signs of moderation, there is no clear evidence that underlying inflation has peaked. adrian: an industry lobby group warning that the u.k. risks falling behind in key technologies, including ai and semiconductors. tech u.k. has almost 1000 members and says the government needs to urgently overhaul its policies and regulations. the report calls the u.k. a broken economy for growing

startups and describes its regulation as expensive and awkward. global news powered by more than 2700 journalists and analysts in more than 120 countries. i am adrian wong. this is bloomberg. dani: thank you. let's talk crypto. the u.s. sec has accused binance and its ceo of mishandling funds and breaking securities rules. the lawsuit expands the list of digital tokens are deemed as unregistered securities, which now spans over $100 billion. binance denies breaking rules. for more, let's go to siddhartha. the complaint has some interesting quotes from binance, some that are not fit to say on tv. what is the implication of this s.e.c. decision on the broader crypto market? sidhartha: the broader crypto

market has been suffering from a lack of liquidity since the beginning of the year. facing regulatory scrutiny. you will likely see it dry up in the market more because finance is the biggest exchange in the world. it's a major market maker in the space. also there has been some weakness in the crypto market the last couple of weeks. that should continue because of the recent complaint by the sec. dani: what is next for binance? sidhartha: binance has called the complaint disappointing and they said the leader is misguided and not providing clarity on how to regulate crypto assets. we will have to wait and watch what comes out of this, whether there will be a settlement, how the case turns out.

dani: we just saw binance's response for their own part. to be clear, is not just of them. the sec also listed other crypto tokens as unregistered securities. what happens to this host of tokens the sec has called out? sidhartha: the sec has listed a bunch of tokens, called them unregistered securities with a market cap of close to $115 billion. what this does is poses a risk for other u.s.-based crypto exchange is. -- exchanges. whether they allow users to continue trading in them and face scrutiny from the market regulator. dani: binance at they take the allegation scrutiny -- seriously but they should not be part of

an action. they said we intend to defend our platform vigorously. sid, thank you. coming up we will talk about private equity again. our guest from goldman sachs joins us in berlin, he's also here for the private equity conference. we were just talking about lps getting more selective, lps are limited partners. we will talk about selective is with michael and what is to come for the industry. this is bloomberg. ♪

dani: good morning, this is

"bloomberg daybreak: europe." these are the stories that set your agenda. the reserve bank of australia confounds expectations i hiking rates a quarter-point and says further tightening may be needed. the aussie dollar pops. the iphone maker launches its long-awaited vision pro headset after more than seven years of development but will the eye watering price tag compute with consumers and investors? plus, the sec sues binance and its ceo for allegedly breaking securities rules. the company called it supporting and misguided. another surprise from the rba, they hiked, wrote is slowing down the governor at the rba saying it is a cost-of-living crisis, that means they need to combat inflation. let me show you the front end of the aussie curve and u.s. curve. the aussie dollar strengthening, up 8/10 of 1%.

let's get a check on equities. s&p 500 at one point trading at 4300 during the cash equity second -- session. now it is little changed, as is the euro stoxx 60 futures. my next guest is head of private equity at goldman sachs asset management. he has over $450 billion of assets under management and $179 billion of funds raised since 2019. he is here for the conference in berlin. welcome, thank you for joining. it has been a challenging year. dealmaking, fundraising, financing, it's all been moving very slow if not near a standstill. what will be the lasting scars in the industry from this period? michael: thank you for having me. you are right, it's been a challenging year so far.

inflation, higher interest rates and therefore much higher financing costs have led to a significant slowdown in dealmaking and will probably take some time for dealmaking to get back up. i think it's important to look that if -- important that if you look at the cycles, there might be opportunities to buy right now. it's not necessarily that when we look back in 10 years, this is a bad vintage. it could be a good vintage. dani: what are those opportunities? i know folks are being more picky. michael: there are a number of catalysts for dealmaking still in this environment. i would say maybe three catalysts, appease asking people to return capital, to meet other commitments. we talk a lot about the denominator affect, especially in the pension sector. at any moment in time, there are

companies that need to get on with strategies and need a long-term partner that can add value along the journey. and capital structures are starting to mature and some of those maturities need solutions, they need equity to transition and go for the long run. dani: it's not quite four -- four sellers, but devaluations fall if you have more folks selling in this period? michael: i would say in general private equity investors are patient and i don't think we've fully seen the line between buyer expectations and seller expectations and that's why volume is so slow. i think the question is, is it better to sell a bit of something right now in order to significantly extend the runway? we are seeing more collaborative deals or people rally around situations where you can extend the runway, help a company continue do acquisitions, but at the same time, try to service

lps and return capital. dani: what about the ipo is a form of exits? when does the ipo market come back? michael: i don't have a crystal ball that i think we've seen some green shoots. it will take a little more time. historically, when interest rates asserted to come down, ipo markets have started reopening. we are not betting on the ipo market reopening in our private portfolio immediately. we are preparing our portfolio for a pretty long winter, so to speak. it's not right now. usually it reopens and when it reopens it goes really fast. dani: it's starting to sound like game of thrones, winter is coming. are you preparing companies for a downturn, recession, and what does that look like? michael: we are preparing our companies for a complicated macroenvironment, we've invested heavily in our operational capabilities.

we focused normally on six vectors. we talk about scaling revenue, operations, important to supply chains, which have been challenged. we talk about talent and preparing the next generation of leaders. digitization is important. offensively and also from a defensive perspective. we help with esg capabilities, it's very important to have a sustainable profile. and we do a lot of strategy and risk management. you have to build really well in this environment. the company building will probably drive returns in the next cycle. dani: the private markets alternative platform in a goldman is interesting because you start from the merchant banking sector and that is its history. it feels like the rest of the industry is almost going the other way. absorbing different platforms, insurers doing investment grade. what do you think it does for the industry to have

institutions like goldman to have other private equity players become institutions too? michael: i think everybody needs scale. if you think about our investment team, in some teams we have almost as many operating partners as investors for the scale up on the operations side you need a significant platform. i think it's natural that consolidation is happening. in an environment like this one, we are also seeing return dispersion. i'm sure there will be losers and winners in this environment and people might need a friend. consolidation is on the agenda. dani: does that mean consolidation happens by acquisitions or by funds running out of liquidity and cannot operate anymore? michael: i think there'll be a lot of consolidation. there have been some people left out but i think we will continue to see consolidation. dani: what about talent? i know the wider goldman sachs

business is producing staff. what about the alternative platform? michael: this is an important growth area for goldman sachs and we will continue to build that platform in this environment. dani: does that mean you're hiring? michael: selectively hiring. dani: for the companies, you are looking at talent for your portfolio companies. can they still afford to be hiring or does cutting costs also mean cutting staff? michael: there are areas where the environment is very tough. we try to be focused on secular growth trends. while obviously you are always using your talent, we are not ceiling massive reductions in our portfolio. dani: the wider markets seem to have woken up to ai, that it is this wonderful thing. it's really been the hardware

trade with nvidia. in cyber, you look at the tech things. how many companies are saying i am ai,, by us -- come buy us? michael: there might be some ai washing going on, but i think it's and that every company has a view on what ai means for them. ai can be a disruptor to their business of but it could also be a helpful tool. what we are asking our portfolio companies to do is understand what it means for your sector in your company and start investing into ai because it will be part of the agenda in most sectors. dani: have you seen interesting uses of it that has already started? michael: yeah, especially on the data side, enhancing the capabilities of the company, absolutely the are seeing it used successfully. dani: it only feels right we end on an a conversation in 2023.

enjoy the rest of the conference. that is michael bruun from goldman sachs. let's get some top corporate stories. adrian wong is in hong kong. adrian: australia's central bank has unexpectedly raised its key interest rates and says more hikes may be needed. the rba increased its cash rates by a quarter percentage point to 4.1%, the highest since 2012. inflation remains above target and labor costs jumped. economists were expecting rates to stay on hold. we understand that an indian start up decided to not make a payment to a loan after a dispute with lenders. it could jeopardize one of india's highest flying startups. they've been trying to strike a

deal with creditors to restructure the loan while seeking to lift its unit last year. china evergrande's property unit has a delayed report that may bring shears closer to a resumption of trading. they reported a profit of just under $200 million for 2022, reversing a prior year's loss but fell short of 2020's results. the stock of the most indebted developer in china has been suspended for more than a year. dani: adrian, thank you. coming up, apples expensive new headset tests the tech giants marketing might. we will discuss all of that. this is bloomberg. ♪

>> in the same way mac

introduced us to personal computing and iphone introduced us to mobile computing, apple vision pro will introduce us to spatial computing. this marks the beginning of a journey that will bring a new dimension to powerful personal technology. dani: apple's ceo unveiling the tech giants a reality headset. kind of looks like ski goggles, very expensive. it has a price tag of $3500. will people pay for a piece of tech that the likes of meta have struggled to sell? alex joins us with more. what has been the reaction to the headset so far? alex: on the first hand, the kind of product reaction. what do people make of it? i think on the whole, it seems pretty awesome, if it works. if it works the way it has been

displayed in all of the product videos. it would be different from sitting on your face for several days and doesn't bring seasickness, is it as immersive as suggested? the second part is the share price reaction. we saw some dips in the stock after two things. firstly, when they positioned it as a product for the enterprise and then when the price point was higher than have been reported, primarily by our colleague. dani: some of the videos they showed of people sitting alone watching tv with the headset were funny. it's a sad time if you're watching by yourself, literally no one else can see it but you. but this is to some degree a shift, technology that maybe meta has tried but maybe nobody else. how significant is this launch for the wider tech space? alex: i suspect we will look back at this and say this was a

big moment. perhaps not as big as the iphone but certainly a big moment in the hardware space. is it as big as chatgpt? probably not. it doesn't have as wide of an application, even with some of the developments. it has the ability to show your eyes essentially when you are looking out to the world. it does kind of cut you off. it's not a communal experience paired the real question will be, does the developer community buy into this and make a lot of products that will work on this new headset? if they do, you think about it having broad success. dani: i'm just think in, kind of an app store, get people making stuff for this paired what about meta's product? does this set up a showdown? alex: for now it is good news

because this product will not hit store shelves until next year. meta has a product that is seven times cheaper and that gives them a little runway. apple is saying this is a legitimate space, we think it has promise. meta can say see? that's what we've been saying. they have a product people can buy for cheaper. the question is what happens when apple comes out with cheaper versions of the product, when we have developers decide where they will build apps and services. will it be for the apple platform or for meta? does meta have an ability to make it pay for itself? apples suspicion, they will not make a huge amount of money on this, but facebook can make money's on ads off the back of it. if you want to have an at supported product is a different question. dani: if i am on tv and it

already has ads and i have to see other ads pop up, i don't know how i feel about that. a lot has been said about the price. $3500. is apple able to democratize this at some point and bring costs in? how expensive can this product be? presumably it's just tech people willing to spend that much on a fancy new toy. alex: i think it will be a little -- i think this is a little reductive, that the way of thinking about it is apple looked for a long time at the television space and making a tv. they decided it's hard to make meaningful margin on televisions and were not going to bother. they made a top box, different product. this in essence is a tv, a way of consuming content. therefore they are selling it at a high price point. they need to be selling in volume in order to make economies of scale work and make it profitable.

ultimately, there are plans to bring cheaper models out further down the line. when the first -- the apple ii came out, there was some analysis i said yesterday that it jested for inflation it was the same -- adjusted for inflation it was the same price as this new headset. it will get there in a few years time. in the new future, it's not a mass-market product. dani: alex, thank you. that is quick take's alex webb. let's talk about the airline industry. leaders have been convening, discussing everything from post-covid demand to supply issues. we spoke to some of them. >> i believe we will be back to a pre-pandemic level by the end of the year. >> demand is sustainable and will continue. we see a structurally higher level, particularly of leisure demand. >> the corporate customer has

not returned in full force. >> the capacity is not 100%. >> we are the recipients of all of the signals and inputs from the macro. the inflation rates, interest rates. >> there is still crystallization in some areas of the supply chain engines are one of them, holding us back. >> the supply chain is difficult, to get what you need. >> we could be in another supply situation before too long. dani: supply chain problems not clear yet. that was leaders from the aviation industry on some of the problems, including supply chains, facing the sector now. coming up, giorgia meloni faces some challenges, and among them reviving italy's economy through state owned companies. that's the subject of our big take today. this is bloomberg. ♪

good night!

hey corporate types. would you stop calling each other rock stars? you're a rock star. you are a rock star. no more calling co-workers rock stars. look, it's great that you use workday to transform your business. but it still doesn't make you a rock star. so unless you work with an actual rock star. hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪

>> we are in a very uncertain environment because we are resetting geopolitics, value chains, interest rate environment, inflation, economic growth. that will shake the system. dani: andrea orcel in the land. top of prime minister giorgia meloni's italy first agenda is a sovereign wealth fund to finance italian businesses . what is the vision here? >> she is ambitious.

she is morphing from a far right leader into a more conservative prime minister that wants to remain in power. to do that, she wants companies, in particular companies that are state owned. there are a myriad state owned companies in italy and they are a tool for her to implement her vision, her plan, in a country in which there are a lot of constraints. it's not easy to spend, and also european union rules limit the government's ability. so she wants italian companies first. her motto is made in italy. dani: how has the vision been received by investors? >> only one year ago, it would have been unthinkable for a far right leader to succeed mario

draghi. italian bonds remained virtually unchanged. also due to a bit of luck, conditions for the italian economy remain bearable. maloni want to prove she is a prudent manager and does not want to rock the boat did -- the boat. dani: have there been any missteps? chiana: there have been a few. none of the missteps -- the missed upset of happen so far have been patched up but the most high-profile was to do with

an energy giant and she had to make concessions when choosing the new board of the company. that was not expected the markets and it rocked the value of the company and the stock value collapsed. but it has come back to the level where it was and that shows that somehow, the longer vision still holds. dani: ok, thank you very much. an excellent piece, you can read that on your terminal. the big mover this morning, it is ozzie markets. -- aussie markets. another surprise decision from the rba. they are not done hiking yet. we got this last time, a majority of economists surveyed did not expect them to move and yet they have moved. three year yields up 7.5 basis points after they raised

interest rates by 25 basis points. it stands at 4.1%. 30 of the economists surveyed by bloomberg, only 10 of them expected this kind of move. traders only saw one in three odds they would hike this does perhaps have implications for the rest of the globe, and other central banks trying to pause or slow down. doesn't seem like the fed will do anything but pause. u.s. two year yields still moving higher, just under 4.5% as the aussie dollar strengthens, stronger by seven tents of 1% versus the dollar. that's it for daybreak. markets: europe is next. this is bloomberg. ♪

hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning

the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works.

♪

anna: go