earl davis is up next, stay with us.his is bloomberg. ♪ (♪♪) we're lucky to have this team working for us. our therapists give their all each day, by helping those who need it most. we take great pride not just in the job our team does, but in them as people. our people. and while we're in the business of taking care of others... it's important our therapists know that with benefits from principal, they're taken care of too. (♪♪) >> the fed has been reluctant to wade the victory flag but maybe it will start to raise it and blow in the till woods of the economy. romaine: nadia lovell at ubs earlier on bloomberg. this is bloomberg markets. we are counting you down and the drumbeat begins to the big fed decision today at 2 p.m. eastern time with a closer look at the economic conditions. the head of fixed income in money markets earl davis joins us now to talk more about i guess the set up into this meeting. we had a lot of labor market data the last couple of days. reports that the fed is already privy to and when we talk a

earl spencer himself privately offered to talk to the director general, tim davie, to make plain to himhad gone to his archives. he's got all his notes. he privately approached tim davie to say, look, something very, very bad has happened here. this has got to be sorted out. it's the sort of email when you get it. all you do is stay. you say stay there. i'm getting in an uber. far from that. mr davie, by his chief of staff, mr phil harrell, emailed back eventually to say, "well, thank you very much, very, very in effect. thank you very much. very, very interesting. we have a different version of the story. we don't buy yours in effect. take a hike". and when earl spencer was told that instead of taking a hike, he went, as it happens to the daily mail with his data. they began to publish the extraordinary series of front pages, which we've seen and, which we saw at the time, and that that is that is why the dyson inquiry was commissioned, not because the bbc had any desire whatsoever for openness and disclosure. again, mrwebb. one of the things that i must put to you is what the bbc said

davies reporting. time now to get the news, travel and weather where you are. good morning from bbc london, i'm alison earlees. the department for levelling up, housing and communities said councils should not put taxpayers' money at risk by taking on excessive debt. barking and dagenham council is among those trying to balance the books. we're currently about £11 million this year we need to find before the end of march. and next year we're looking at about £23 million to fund the gap. we are of course consulting over a 4.99% increase in council tax, we have put a spending freeze on everything, so it means that absolutely everything is being looked into and where we can make savings, we will do. emergency accommodation aimed at protecting rough sleepers will stay open today as temperatures in the capital remain close to freezing. it's part of the severe weather emergency protocol, which is activated by the mayor when conditions could cause a risk to life. councils and charities will provide warm spaces and support to those most in need. a fleet of tankers has been brought in to remove groundwater from area