it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. > this is bloomberg daybreak: europe. i'm lizzy burden in london and these are the stories that set

your agenda. a soft pmi services report, sour's sentiment with attention turning to today's fed minutes. traders await commentary from saudi energy minister prince abdulaziz bin salman at the opec international seminar. we are live in vienna. plus the greek prime minister promises to repay years of payout loans ahead of schedule in an exclusive interview. >> we will be able for the end of the year to repay ahead of time. >> welcome to wednesday. i hope you have recovered from your independence day celebrations if you were celebrating in the u.s.. as a result of the holiday, global stocks were not trading -- stocks were trading light yesterday. as we look to the open in the u.s. equity futures point to a

lower opening this morning. it is effectively the second day of trading of the second half and the question remains, can the first half rally continue into the second half. goldman sachs strategists pointing out the increasing correlation between equities and bonds. speaking of which, the u.s. two year yield is currently down nearly three basis points, trading at 4.9%. we keep an eye on the front end of the curve given the fomc minutes coming later today. driving asian markets this morning has been that china services pmi data from cash and this morning. still in expansion territory but weaker than expected. let's get to hong kong for some market reaction. tonya chen our fx reporter there can tell us what has happened.

>> in asia there's not a lot of positivity i can share. the china pmi number still above the line but concerns are coming back about china's growth. let's look at equities. hong kong and china shares definitely meeting the retreat. it is pointing to concerns around china but you are also seeing losses in japan, south korea, australia. i will take you into individual names starting in japan. it is an e-commerce company, rocket can -- rakuten. also in fast retailing, the company behind uniqlo, they had a dismal month of sales numbers. alibaba looking at and options for their video entertainment option revamping their structure. as you were saying, investors growing impatient with slowing economy. it is weighing on all those currencies. if you look at the aussie dollar seen as the proxy pair, they are

quite sensitive to china's growth. the u.n. -- the yuan on the back foot despite efforts to push back on depreciation by the pboc. lizzy: time now for our roundtable with bloomberg's derek wallbank and bloomberg's market today managing editor kristine aquino. i want to start with the china pmi. services were in june. another sign the post-covid recovery is cooling. the index declining from 57.1 in may to 53.9 in june. grave territory but weaker than expected. the case shaped economic recovery losing momentum. -- k-shaped economic recovery losing momentum. how much pressure is this going to put on the government? >> it is going to add pressure. the hope for recovery after exiting covid zero policy is not panning out to be the positive

story they were hoping. we have already seen measures from the chinese government to encourage certain banks to aid borrowing and business lending. there is a little bit of that there. policy as well. it looks like they are going to have to do more. the growth story in china, especially out of the covid zero policy, really disappointing. not just investors in asia but investors globally. especially as the world looks to be slowing in the second half. >> you have xi jinping calling for open supply chains just today after imposing export limits on two of the key metals that go into chips. what is going on? >> look. the issue of friend shoring and supply chain resilience the u.s. and others might say is a really sensitive topic in beijing. i do think this is going to be something that may be on the

agenda as treasury secretary janet yellen comes to beijing this week. but certainly you know this is a touchy topic for china. it is something they don't want to have supply chain's runaway. if you are in the friendly block , all these things work together, that is great. but the idea people want to pull out and pull differently would run contra to the economic goals china has especially as you mentioned given some of the softness in the data we have seen from china. lizzy: and of course u.s. treasury secretary janet yellen touches down in beijing tomorrow at the second member of president biden's cabinet to visit the chinese capital. next let's talk about a bloomberg scoop. sources tell us abu dhabi and austria's omv are in talks to create a chemicals giant worth $30 billion.

talks have been on and off for several months. they could still fall apart. what is in the discussion is a merger between borealis and a partnership between adnoc and borealis. how does this fit with the uae plans to attract investment? >> significantly. this is a major deal we are looking at. although the uae, the adnoc, they were involved in the structure, reconsidering this and simplifying the structure really just kind of cements its position as a funder of capital in the chemicals space. we know adnoc is pursuing broader deals in the space. they are looking to invest 150 billion dollars in oil production, the chemical space as well. also low carbon energy. this is just another string in the bow shall we say in expanding international investment efforts. lizzy: any word on where this

would be headquartered? >> nothing firm but we are understanding the austrian side would prefer for the headquarter to be european even if the overall entity was listed in abu dhabi. a lot of stuff has yet to be decided on this so it is very much a watch this space moment. lizzy: you saw omv shares closing up 7.4 percent yesterday in vienna, the biggest daily gain since october. at one point they were up more than 9%. finally i want to bring you a flavor of another story we are going to be covering in more depth shortly. greek prime minister kyriakos mitsotakis says his country will repay to years of bailout loans ahead of schedule. bloomberg -- member greece has started repayment of by battle -- bilateral loans from european countries. in the interview kyriakos mitsotakis says he wants to regain greece's investment grade

sovereign rating this year. >> before the end of the year, we will be able to repay ahead of time for the next few years. this sends a signal to the markets that not only are we focused on growth, but also on making sure our debt continues to decline at a rapid pace. lizzy: off the back of that interview, greece's bond yields fell. how significant are these comments? >> exactly what you expect to hear from a prime minister. a lot of the good news story in greece was being priced in prior to this election when. -- election win. we have seen greece's bonds rally and a lot of that is concentrated on the government in general's efforts to regain investment grade rating. it is headed the right direction. the markets are reaffirming the government efforts to get back to that rating.

it is now a matter of waiting and seeing whether they managed to do it and whether it satisfies investors enough that they really continue that rally. lizzy: we have seen investors piling into greek bonds. on the expectation greece will regain investment grade. where these comments a surprise to you? >> surprise maybe not it was continuing a trend. there is a really interesting thing. greece does not want to be in the conversation of countries that are having problems. they do not want to be where they were. if you are thinking of countries that are having imf issues, pakistan, places like that, greece wants to be considered more of a major european player. it is fascinating the lengths to which they have gone. they have done so well on this that the borrowing costs for greece are cheaper than they are in italy even though italy has better ratings. i think that sort of speaks to the level we have gotten to with

greek debt. you go back just a little ways. all the conversations we are having on this area and otherwise about greece, it is a different story, isn't it? lizzy: it is indeed. thank you for that. now i want to bring you other stories coming up today. we have the turkish cpi numbers at 8:00 a.m.. that is expected to drop one last time below 40% in june. economists say the respite is going to be short-lived. they see a pickup in the second half as a result of government policies and the sharp lire depreciation. we get the latest ecb consumer expectation survey at 9:00 a.m. u.k. time. the inflation expectations numbers the most important to watch. and we get the fomc minutes that 7:00 p.m. london time. that should give us more insight into the fed pause, but signal approach.

if further hikes are needed and that is the expectation, why not hike in june? >> policymakers really love optionality. they want to be able to consider the options and up until now it does feel like the fed had been cornered into just raising rates ever higher in the u.s.. as we saw in june we did see some rationale from jerome powell and his colleagues talking about how they have done quite a bit, we are starting to see the impact of a years worth of rate hikes that we have seen ever since the start of march and last year. i think it is a good time for them to pause. they want to consider their options. they want to be seen as data-dependent as well. lizzy: it is interesting to see global monetary policy seemingly on course for more decoupling in the coming months. >> that is causing a bit of a trick here. the fed is moving the way it is moving, it is very clearly

signaled where it is going to go. in other economies you are looking at places that want to pause, want to start thinking about coming down a little bit. you are also getting and i think this is really important, leading up to some very key elections next two years, you are getting political backlash against central-bank policies and raising costs, especially in countries unlike the united states that are very tied mortgage to the rates because they do not have 30 year fixed as the u.s. has all the way through. the fed may be more insulated from these discussions than other places. even though it is hard for the fed and other central banks particularly the other central banks to move in a little bit of this alignment. i think that is going to be a critical trend. anytime you get the economic policy infection with the political it just complicates everything, doesn't it? >> thank to bloomberg's derek

wallbank and bloomberg's markets today managing editor kristine aquino. you can get a roundup of the other top stories you need to get your day going in today's edition of daybreak. leading the page, saudi arabia is considering a push to attract more outside investors to bolster its top football competition. it is part of a strategic revamp that started with an influx of star players from europe. you also have the china pmi numbers we have been talking about. and you have this story that the bank of england may ask banks to upgrade ranches -- upgrade branches. it may be more expensive to have subsidiaries than branches, that will be controversial. all of that and more on today's newsletter which terminal users can find at dayb go. next, the conference in vienna. this is bloomberg. ♪

lizzy: welcome back to bloomberg daybreak: europe. oil is edging lower, erasing short-lived gains after saudi arabia pledged to extend output cuts. we have bloomberg's manus cranny for us in vienna on the ground. as opec gathers, how bad is the global outlook for demand? manus: i'd say it is pretty inauspicious. there is a malevolent cloud and it could chuck it all down on this gathering. there is one thing they cannot control, we are in a global manufacturing slump. you mentioned caixin the lowest since january but manufacturing is taking for the third straight month and pan asia is under pressure. south korea, taiwan, and europe

where the minister for the uae warned the government was worry about the recession. pmi's down for 12 straight months below 50. you cannot do much. you cannot put lipstick on a pig. you cannot get global manufacturing off the ground. you can only control the supply into the process. you are looking at benchmarks like the 2-10 inverting giving us malevolent warnings about the risk of a hard landing. look at the latest note from morgan stanley going from $75 to $70. remarkably robust supply and it is non-opec supply of course that will exceed demand in 2024. yes, there are other supply flows that this cannot control. lizzy: cannot put lipstick on a pig. i might as well go home. we are waiting for commentary from the saudi energy minister. what is the impact of saudi's

extending their cuts and russia making its additional cut? mark: -- manus: it goes back to the preemptive nature of bin salman. he always wants to be seen as being on the front foot. they have extended the one million barrel per day unilateral cuts but here is the kicker. . they got the russians to step up and actually contribute in size and scale to reduce exports by 500,000. novak made a supplemental statement where he said he will potentially cut his production as well. what impact did this have? the battle line between shorts. i want to show the construct of backwardation and contango. it is 6:10 a.m. in london. this is important. this is about the structure of the market. we have gone from contango, which is a weightiness on the front end, to backwardation.

a belief there is a floor under these oil prices at around 75 bid. that contango and backwardation is going to be very closely watched because that will define the capacity of the floor. there is gathering -- but this gathering behind us is about sending a message of cohesion and robust cohesion not that -- cohesion at that. lizzy: he will be on the ground covering that for us all day. manus cranny at the opec meeting in vienna. coming up, the greek prime minister tells bloomberg he will repay some of the country's bailout loans ahead of schedule. we have more next. this is bloomberg. ♪

>> i have seen the first goal

and i think it is tangible is to get to investment grade by the end of the year. i am confident we will succeed in doing that. then, structural reforms. i want to continue making greece attractive for foreign investment. we have been successful attracting foreign investment over the last four years but we need to keep up this pace. this means various interventions. i am very preoccupied with justice. we need to make sure we accelerate justice reform. and that the courts do not take for ages to reach a final decision. i'm also particularly concerned about offering greeks quality health care. we have a national health system. it survived the pandemic. it is about time to make sniffing and changes to make it more efficient -- time to make significant changes to make it more efficient. >> when you get investment grade, what does that change? >> lots of things.

there is a lot of capital that cannot invest in greece because we are not investment grade. as you know we are already trading as if we are investment great. -- investment grade. but we need the official stamp of approval by the rating agencies. the lower our cost of borrowing, which is important in a high interest rate environment. we have been able to defy the trend. this is also giving us the fiscal space to further reduce our debt. we will be able before the end of the year to repay ahead of time for the next two years. this will send a positive signal to the markets. not only are we focused on growth, we want to make sure our debt continues to decline at a rapid pace. >> is this a promise to investors? >> it is a commitment to

investors. we will accelerate the reforms. we will make sure whatever reforms we implement will be done in such a way not to compromise our country's fiscal position. greece went through a lot, a very painful period. i think we have proven if you can drive high-growth, you can reduce taxes while maintaining healthy public finances. i do expect our debt to gdp to continue to decline significantly. this will also give us the fiscal space to make sure we ensure markets we are serious in repaying our debt ahead of time. lizzy: greek prime minister kyriakos mitsotakis speaking with francine lacqua in athens. you can watch the full exclusive interview on leaders with lacqua on the 19th of july. spanish foreign minister use amen well i'll boris says he is confident sweden and turkey will

break an impasse for the nordic country to join nato. he spoke exclusively to bloomberg. >> all the security concerns of all the nato member countries must be met. also the security concerns of turkey. as far as i know, things are moving well. things are advancing well. the bilateral dialogue is going well. the wish of spain is that we will have sweden definitely within the family. >> so you are saying the position is clear, sweden has to join and that is that? >> absolutely. >> you were in madrid where erdogan was the star the show. is this a tactic he plays? is his real -- is there a real concern he may have? is there an understanding you can get to it before the summit? >> turkey does not oppose the accession of sweden.

otherwise they could veto. that is the important thing. they are not opposed. there are security concerns from the side of turkey that must be met. this is a matter of the bilateral dialogue between turkey and sweden and things are going well. i'm confident it will be the endpoint or then again -- or the beginning of the endpoint. >> stoltenberg repeated that message, that he hopes it is completed and security of the nordics is completed. when i say china, what do you think? is this a friend? a rival? no to couple but yes the risk -- decouple but yes derisk? >> they are a global challenge we will not be able to meet without china. climate change is the most

important one. we are in dialogue that is very open and frank with china. on trade, we want leverage an equal footing for everything concerning trade. every time we have met with the chinese authority we have asked them to use their influence on russian. very specifically on vladimir putin. lizzy: that was the spanish foreign minister speaking to maria tadeo. plenty more ahead. is it possible to protect my business from cyber threats? it is, with comcast business. helping every connected device stay protected. yours. your employees'. even... susan? -hers, too. safe. secure. and powered by the next generation 10g network. with comcast business, advanced security isn't just possible. it's happening. get started with fast speeds and advanced security for $39 a month for 12 months with no annual contract.

plus ask how to get up to a $500 prepaid card with a qualifying gig bundle. we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch?

what, we have it's an amazing thingulch. when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million people impacted and affected, and at risk of hiv. the rocket fund takes all of the work that we're doing, all over the world, and looks at the most effective ways, to get resources to them, to get services to them. the idea that we have saved five million people's lives, it's overwhelming. it's everything. manus: good morning. this is "bloomberg daybreak: europe." i'm lizzy burden in europe. asian equities in u.s. futures

fall in subdued trading after the u.s. holiday as tension turns to today's fed minutes. why the central bank decided to take a pause in its hiking cycle, and what the potential is for more rate hikes. china leads asian stocks lower as a soft reports hours sentiment. the chinese index declined from 57 in may to below 54 in june, weaker than expected. brent lifts lower. the seminar in vienna comes up russia and saudi arabia announced their latest output curbs. the greek prime minister pledges to repay two years of bailout loans ahead of schedule. an exclusive interview. >> we will not be able before the end of the year -- we will be able before the end of the

year to pay ahead of time. manus: good morning and welcome back to -- lizzy: good morning of welcome to "bloomberg daybreak: europe." it is the second day of the second half of trading. we had the day off in the u.s. yesterday for the independence holiday. the u.s. equity futures pointing to a lower opening this morning as trading resumes. can the first half's double digit rally continue? goldman says it is too early to dismiss higher rates will weigh on stocks which they point out bond correlations have tightened recently. two year treasury yields are down two basis points at 4.91%. we also have a fireside chat with new york fed president john williams. we have the latest china data. let's go to hong kong for the

market reaction. disappointing data this morning out of china? >> yes, here in asia the market session is winding down. that decimal pmi number did disappoint. it is bringing back concerns around china. hong kong shares in china shares are on the back foot. you are seeing losses in japan and south korea and australia. if you look at the individual names in japan, the e-commerce giant had been exploring options but investors were concerned about the debt levels. also in japan fast retailing, the company had more decimal june sales numbers. looking at alibaba, the company is exploring options for its video entertainment assets.

that is in line and how they are restructuring. china's pmi numbers above the 50 line but investors are growing impatient with the slowing economy. you see that way on the currencies, especially the aussie dollar. you also have to look at the yen in full retreat mode. even though the pboc has set a stronger fixing to stem the depreciation. lizzy: thank you. we will go back to vienna and the oil story were opec's international seminar is kicking off. the conference starts at an important point after saudi arabia announced earlier this week it would extend a voluntary production cut with russia also saying it would reduce crude exports. bloomberg's manus cranny is in vienna for us. we saw those extensions of cuts,

how do you read into that? manus: it is interesting when you look at the flow show before the announcements, and russian oil was flowing out the door at a seven week high. russia was taking advantage of that discount in the oil prices. they announced they will come on board and do 500,000 barrels a day, a cut on exports but more importantly is whether they adhere to what alexander novak promised, a potential cut of 500,000 barrels. trust is all we have. that is what prince been some on said, so let's see if we progress from trust to delivery. this is an additional cut the russians have announced. this is very much about the axis

between riyadh and moscow. this is a symbiotic relationship needs to be proven to the world as strong, robust with veracity. you can trust the bank of oil, which is saudi arabia. the question is will the russians actually deliver what they promised? this comes down to faith and trust and the veracity of the pledges made. lizzy: oil is a geopolitical conversation as much as a price control one. how vital is the excess between saudi and russia? manus: what did mbs say to boudin -- say two putin to get him on? while of a sudden did russia step up and step forward in terms of joining more robustly this coalition? putin has a war, he is much

weakened much would say by the recent wegner issues. his troops are in ukraine. the russians need as much oil revenue as they can get. the saudi's, when you look at the fiscal narrative, the saudis need $80 oil. if you look at the bloomberg calculation, which i would lean towards, they need $100 oil. the russians need oil revenue like never before to fund the war. the prince must deliver for his brother towards the line. the musculature of $100 oil is far in the distance when you look at the cuts this morning, but there are big projects of social change in saudi arabia. they need to be funded. this is about a relationship that needs to be short up --

sored -- shored up. fiscally both of these countries are under pressure. lizzy: manus cranny vienna, thank you. china is urged to place orders for planes as wait times continuing the travel boom. supply chain disruptions are adding to the delays. the airbus china ceo spoke to us exclusively. >> we have to try to accelerate this discussion with our chinese operator and customers to have a more far-reaching order as fast as possible. this is clearly something we need to do with our customers.

lizzy: let's switch focus to the banking industry. the selloff in bank stocks triggered by the collapse of credit suisse in several u.s. regional banks might be over but the sector's recovery is faltering. investor angst will persist. philip richards, the levels have failed to return before the u.s. regional banking crisis, is that because through our fears over liquidity and deposit flight? richard: it is not really about deposit flight. there are two key results in the next few weeks. those banks are less concentrated with less balances than in the u.s. much less of those big deposit

balances as well. what we are concerned about is the pricing of the deposits. they will be passing on rate hikes to depositors. lizzy: why are european banks lagging u.s. lenders when it comes to valuation? richard: versus the u.s. there is a host of reasons, the economic outlook look stronger in the u.s. than across most of europe. the environment is more supportive. profitability, 14% are --14% roe. lizzy: bloomberg's intelligence analyst, philip richards, thank you. let's look at other things markets are watching out for.

the opec international seminar is getting underway in vienna. we will get pmi's across europe including preliminary readings from spain and italy. the ecb will publish its results of its consumer expectation survey. a half-hour later we get u.k. services and composite pmi's for june. then the fmo see will publish minutes from its meeting -- fomc will publish minutes from its meeting. the nhs is 75 years old, we will bring you first of its kind analysis of nhs data, next. this is bloomberg. ♪

lizzy: here in the u.k., today marks the 75th anniversary of the founding of the national

health service. in first of its kind analysis, bloomberg sees how deep problems run in the nhs. it shows that almost every area of the u.k. is failing to meet even half of eight key government indicators from availability to ambulance waiting times. joining us for more on the story -- thank you for being with me. what is the root of all these problems. >> if we look at the root of the problem, a few clear things, one is underfunding. it is the scale of demand. you have covid, a population that is aging. when they are coming to the hospital, they come with more conflicts of problems. the scale of demand has to keep

up with an exhausted workforce. there are a lot of things that feed into each other and make each other worse. lizzy: it is hard to figure out the promise blazoned on the side of a bus that leaving the european union would free up money for the national health service. what has been the impact of brexit? >> the main impact is a cyber and the fact that that money has not been what people wanted, it is the fact that although the nhs is a huge employer mother is a sense that the scale of demand is so great it is hard to keep up. brexit has exacerbated the shortages. lizzy: we will be talking about that more next. thank you for joining us with that fascinating story.

i urge you to check it out on the terminal. the nhs is one of the world's largest employers, one point 3 million staff in england. waiting lists rose to 7.4 million people in april even though it is one of rishi sunak's key priorities to cut them. to discuss how artificial intelligence can make health core more efficient is dan vahdat, ceo, huma therapeutics. how much more productive could ai make the nhs? dan: the beauty of technology as you might have seen in the report from harvard, you can bring the saving up to 10% of the overall budget. if we extrapolate that number to the nhs budget of >>60 billion -- 160 billion, that is up to a

big number. it is also about the better outcome and being more proactive than reactive. and looking after the health of citizens, the opportunities are huge. lizzy: which sectors would benefit the most? how long would it take to yield results? dan: i believe investing in prevention, at the moment 5% invested, can have a long-term impact and will take pressure in years to come from the stats you shared earlier. also going forward, we spend roughly 75% of the health care budget generally on chronic diseases like cancer. that is a big number. if you manage these patients more proactively and monitor them, you can bring massive savings into the health system. lizzy: rishi sunak wants to make

the u.k. an ai superpower. are you talking to the government about them putting their money where their mouths are? dan: the conversations on the talks are happening within the government, not directly with us. we would love to be part of those conversations given this skill we are operating globally. i do not think the budget being allocated is enough. there was an announcement of 21 million. the first time i read it, i thought it was 21 billion. that is great because that is the number we should look into. with a comparison to france, they announced 1.5 billion in investment nai for health care but other industries. that number is very small. lizzy: you also travel the world talking to global leaders. realistically, is the u.k. government imposition to lead on

ai regulation? dan: given the background we have in this country, some really great companies on the ai side and the regulatory part of health care, we are one of the only companies with fda approval. it has positioned the u.k. as a great platform, but whether we benefit from this thought for more bring the right investment, bring the stakeholders in one room to become the superpower in ai, ai safety and regulations, that is the question to see what happens. lizzy: a big question our viewers want the answer to, are you a unicorn? dan: for us, what is really

important, the focus we put on our patients rather than the status as a unicorn. lizzy: but it is important to investors. another thing you have said recently, even though you are u.k. grown, you would look to new york or the u.s. for a listing. what could u.k. government to change her mind and keep you here and make the u.k. more attractive for startups and health care? dan: i believe for companies, they have to be in a place to get the most amount of resources and capital so we can invest back into making our technology better for our patients, and really deliver on the practice of addictive care. if the government can make the listing look better, make it more friendly for startups, employees can benefit from these initiatives, enable other

investors from outside to invest, that is a good step forward. what i want to encourage, to focus on companies that are growing, because if you have a lot of small companies coming successful, it does not matter where they list. if they are based here, most of the money and resources comes back here to create jobs and opportunities. that is what i would encourage governments to focus on. lizzy: a clear order to improve liquidity. thank you, dan vahdat, ceo, huma therapeutics. plenty more ahead. this is bloomberg. ♪

lizzy: welcome back to "bloomberg daybreak: europe." i'm lizzy burden in london. joining me is tom mackenzie with a look ahead on markets today.

tom: we have a really interesting guest, ben got ridge from invesco -- ben gutteridge from invesco. he is still bullish and part of that is his views on recession and the catalyst he think this coming through from ai. we will unpack those views from ben gutteridge. lizzy: we also had interesting comments from megan greene, the new member of the bank of england monetary policy committee. she spoke of keeping rates higher for longer. speaking of hot, we have had the hottest day ever. tom: we did on monday. it is no laughing matter. it is a reminder of how much more work has to be done to tackle global emissions. we are expecting the united

nations to say we will get to that 1.5 degree increase on global temperatures sometime soon. we have to cut emissions below 2019 levels by 2035. we have heat domes over texas and a record june in terms of temperatures in the u.k., and scorching temperatures in china. lizzy: there was a death in india linked to extreme temperatures. metals needed for this clean energy transition might be in short supply, that means the rollout of ev's, turbines and solar panels could be slowed down. tom: this is linked to health, it has a major health impact. we will speak about health and how ai can link to health. daniel ek has put some of his

money to play, and we will speak to that company's founder and how they help to improve health outcomes. they want to expand outside of their country, and they are using ai. lizzy: interesting to get the ai perspective on health care as we mark the 75th anniversary of the national health service today. thank you, tom mackenzie. he will coanchor markets alongside anna edwards and mark cudmore. he will count down to the european market open with "markets today." u.s. futures pointing lower after that trading holiday yesterday in the u.s. yesterday. i hope you have recovered. tom and the team will take you through all of that. the u.s. two year yield currently pointing lower, and s&p down 0.1%.

that is what we are watching in the markets, and in asia we had that china pmi weaker than expected but still in expansion territory. we see the msci asia pacific down 0.5%. the csi 300 is down 0.7%. up next, "markets today" with anna and mark. this is bloomberg. ♪ baby, only on game nights. you know you are retired right? am i? ya! the queen sleep number 360 c2 smart bed is now only $899. plus, free home delivery when you add an adjustable base. shop now only at sleep number.

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anna: this is "bloomberg markets: today." i am anna edwards lives in london with tom mackenzie.