the u.k. chancellor is returning to the u.k.d deals worth 600 million pounds to the british economy over the next five years. reeves went ahead with the trip despite last week's selloff across u.k. assets let's bring in julia fisher, chair of the british chamber of commerce in china joining us from beijing. we talk about the 600 million pounds worth of deals. was that the significant number that you and your members were looking for? what of consequence came from this visit? >> i think first of all that it happened at all is significant. this is the first time in six years we have seen one between the u.k. and china and the fact that it happened so quickly and caught on the heels of david coming to visit is significant but i think we should set expectations. it's really around commitments. in terms of those, there was a lot of stuff around financial services. we have seen openings in terms of quotas and licenses for hsbc, aberdeen, ascent capital, discussions around green bonds in the u.k. from the likes of the bank of china and

u.k. stocks, bonds, and the pound tumble, adding to climbing pressure for chancellor rachel reeves to calm investors over the government's fiscal plans. ♪ happy thursday, markets looking for direction and the fed minutes yesterday where caution was reiterated. lines coming through, that meeting in december and certainly flagging inflation risks to the upside. that was when the key takeaways. european futures currently pointing to losses of about .10% , flatlining essentially across u.s. markets yesterday. nonfarm payrolls data tomorrow potentially that's the catalyst. the u.k. stories now front and center in the selloff in assets we saw yesterday. yields up, the pound down. what is it tell us about international investor appetite? s&p futures stateside pointing to losses of .2%, nasdaq 100 futures looking to drop 39 points. with the focus on u.s. adversaries like china and russia. the four-day selloff in u.s. treasuries, yields up in global bond ceasing in the session today at least for no

u.k. time, u.k. cpi, after the rout acros u.k. assets. pointing higher a 10th of a percent after ending flat yesterday. for the 100 futures in the u.k. looking to gain 0.2%. s&p futures stateside that of a holding pattern it seems. a next closed for u.s. markets yesterday with the nasdaq 100 down in the s&p eating out slim gain. nasdaq now pointing to gains of 0.1%. let's flip the board cross asset, the focus will be on the pound and treasuries given the inflation data. but 10-year at 4.7 seven, the pound at 1.21, down a 10th of a percent, the inflation data could adjust the prospects for sterling. brent $80 a barrel, just up 0.4% and gold at $2679. let's have a look at asia. the lines in the last half an hour around additional restrictions from the biden administration on the sale of ai chips into the chinese market, specifically focused on the likes of tsmc and samsung, the owners of course of the fabs that manufacture those chips. mci asia-pacific across the benchmark currently flat, the kospi in korea on the arrest of the president fl

the big question is, does the u.k.s to be able to build this big infrastructure, this energy intensive infrastructure that he is talking about? in the u.s., they have a high concentration of data centers which are these huge, clunky, unsightly, smelly, noisy buildings. do we want a country full of these buildings? in the u.s., you do not see them so much -- >> i am sorry to interrupt you but we are out of time. so many interesting points and questions raised by you. thank you very much. in england, a leading obesity expert has warned weight-loss drugs could bankrupt the national health service if prescribed to all of the patients eligible for them. >> ray is 62 and has battled with his weight most of his life. what size is that? >> that might be a 6 or 7 xl. >> he got a shock a few years ago when about to have surgery. >> i was waiting to go to the theater and they said we can operate, he is too big for the table. >> is july 2024 at london's hospital. he is about to become one of the first patients to get the weight lo

u.k. gilt market shaken by the treasury market. yes we have that hot economic data. we also have trump commenting that interest rates are too high. a little bit of i guess the fed coming under pressure from trump already, getting hints of that in his press conference yesterday.let's put this yields rise in perspective because we are very much those cycle highs for the treasury yield. both the 10 and 30-year yield are 30 basis points from this cycle highs we saw in late 2023. back to that hot economic data because there is a hint of inflationary forces in that data released yesterday we had a hot ism services. but the underlying inflationary component, the prices paid, hit a 22-month high. we had strong jolts data ahead of the nonfarm payroll report on friday showing that the u.s. labor market is pulling strong. before we get to friday's nfp, we have the fed minutes tonight. a lot of questions over how close the call was to hold rates -- more to cut rates when it comes to that december deci

the u.k. becoming the focus of a global bond selloff, rachel reeves is under pressure to deliver new spending cuts or tax rises. we discuss the latest next as she heads to beijing. this is bloomberg. ♪ >> welcome back. blackrock says it is leaving one of the biggest climate investor groups after being targeted by republican politicians. the money manager says membership at the initiative caused confusion regarding practices and it was among asset managers facing a lawsuit breaching -- alleging breaching antitrust laws. this year marks the halfway point in a crucial decade for climate action as the window to limit global warming to 1.5 degrees celsius closes. is the world ready to say goodbye to coal? the move by blackrock suggest not yet. joining me now is an associate in bloomberg's markets team. could 2025 be the year that the sun finally sets on coal? we had a reminder that blackrock and many asset managers are reluctant to walk away entirely. >> yes. we are expecting coal demand to have ma

this has been lurking behind u.k. assets for a while. particularly since we had the u.k.the new labour party administration in october. people have been growing concerned about the amount of debt they are looking to sell in order to fund their spending plan. 297 billion pounds worth of debt in this fiscal year. those options are coming through this week as the year gets underway. they seem to have provided a reminder to investors. this is something they need to pay closer attention to. this is why we are seeing this more dramatic move. scarlet: not just bonds, the pound under pressure, one dollar 23 cents, the lowest since april. bonds and currencies selling off together. usually higher rates will attract investors which supports the currency. >> exactly. it is a particularly the bad sign. when you see rates in the currency moving, higher yields and lower currency, that is a sign of a broader lack of confidence in that particular country. normally you would expect high yields to woo investors to come in. this is not a good sign. couple it with the fact we see u.k. stocks

a u.k.ing scrutiny after reports she was given a central london property by a developer associated with bangladesh's former government. the financial times reports they received a -- an apartment in 2004 and a spokesperson said any suggestion that it is linked to support could be categorically wrong -- would be categorically wrong. and u.k. business confidence has dropped to its lowest level since liz truss's miniature budget more than two years ago according to a survey. in the majority of firms expect prices to increase as they pass on higher taxes -- taxes and a jump in the minimum wage. the lobby says business conditions are weak and more firms have slowed investments than accelerated it. and joe biden is set to ban new offshore oil and gas development across some 625 million acres of u.s. coastal territory. the move is designed to protect coastal waters in the communities that depend on them from fossil fuel development and the risk of oil spills. bloomberg understands biden is keeping

what has happened were the u.k., how arbitrator u.k. government bonds?than what was happening in october. if you recall when the government came into power, there was also talk about not committing necessarily to a lower deficit, but actually more spending. and if you recall the budget announcement in october committed the budget to more infrastructure spending and as a result of this there was going to be more bond supply. what was different at the time was that yes, gilt yields rose just as they have in the last 48 hours, and they rose significantly but the market was not very concerned about sovereign risk act and. if you look at spreads in the u.k. back in october, they're rose by maybe two basis points. yes, a move up, but not significant in the grand scheme of the general trend of sovereign spreads for the u.k. over the last 48 hours this time however, spreads have risen by more, by about four or five basis points, twice as much as we saw in october. and this suggests that the market is transitioning away, a little bit away from the worries about s

in u.k. futures getting a lift, the asian session benefiting from the story that the team around trump are looking at a gradual approach to tariffs. we will see how long that sustains the upside on markets. gains of around 0.8% looking to snap two days of losses. ftse 100 futures pointing higher by zero point 1% as we scrutinize u.k. markets as -- and investor questions about the sustainability of the debt parlay. nasdaq 100 looking to gain 0.5 percent, a mixed close for u.s. markets yesterday. producer prices out later today and cpi, inflation, that gauge on wednesday. let's look cross asset. money moving into treasuries, moderation on that, yields down two basis points on the tenure at her .75. the pound at 1.22 after losses, keeping an eye on the pound. the story is about dollar weakness. $80 per barrel on brent, close to the five month highs on concerns about the impact of u.s. sanctions on russian oil. bit is broadly under pressure -- bitcoin remains broadly under pressure, wiping out ga

as we reported, these u.k. senior figures are coming out and saying this is bad for the u.s.-u.k.ationship. >> i think people in the u.k. realize elon musk and donald trump are different people. there may be a close relationship. trump will make his own policy. historically, trump has cultivated ties with extreme figures who would sometimes come out and stir the pot. it almost gives trump a weapon dealing with u.k. politicians. tommy robinson is a very extreme figure, far-right figure. the back-and-forth with f arage shows it is possible he crossed a line and did not know what he was stepping into. caroline: we will see how this continues to unfold. thank you. coming up, disney and fubotv agreed to merge the online live tv businesses creating the second-biggest pay-tv provider. fubo shares rally hard. that next. this is "bloomberg technology." ♪ caroline: disney and fubo are nearing a deal to combine the online live tv businesses. we understand disney will be folding in the hulu + live tv business into fubo creating a new venture that will be owned 77% by disney and the rest by fu

the main thing tonight in the u.k.f ice, particularly red weather warnings in place, some yellow warnings with some impacts. the yellow weather warnings are isolated, of course, across the u.k., you can see ice in the morning. take it into tomorrow morning, not quite as much over the weekend. christian: any more severe weather expected this week? matt: i did not expect to see anything as bad as what we did see. this area of low pressure, you've got this very cold air sitting in place, just to the south of us care because it is to the south of us, it could bump into the cold air across the u.k. come and because of that, there is a risk in southern counties, wednesday night in particular. we could see a flow across the southern counties. there is a b a question how far north it will go, but it is here where some of the worst conditions with some icy, potentially slowing weather hanging around for the first half of the morning. christian: just generally come on the beginning of your picture, i saw a big blue bar off to th

we have seen rises in the u.k. long end and overnight jgb 30 years also hit a new high they had not seen for 25 years. >> the u.k. 30 year settled at 517, levels we have not seen since 2023. valerie, thank you very much indeed. let's get to one of the big cory -- the big corporate stories. they have announced a raft of new software and services. he presented the lineup during the ces show in las vegas. >> we used g4s to enable artificial intelligence and now it is revolutionizing geforce. today we are announcing our next generation, the rtx blackwell family. >> let's cross over to ed ludlow , who joins us from las vegas. this is a company you know well and a ceo you have interviewed a number of times. talk to us about what he outlined with a particular focus on the new graphics card. >> it is kind of them going after everything left in the world of ai, going back to their roots. their history is in gaming gp used so if you're a nerd that likes to build your own high-performance computer you would likely have an nvi

looking at the u.k., because the u.k.the jobs report. coming up on this program we will catch up with nadia lovell of ubs. mike collins of pgim as the market selloff stalls. and jeff rosenberg reacting to december payrolls. we begin with stocks lower as investors await the last payrolls print craft when a 24 and the first big data point of 2025. nadia lovell is remaining bullish and writing, we expect the s&p 500 bull market to continue, supported by robust earnings growth. wever, 25 could be a bumpier year due to government and monetary policies. nadia joins us for more. good to see. what are you expecting on the government side? what you expecting from january 20 onwards? nadia: it is clear, we have already heard news president trump is preparing several executive orders the first week as he takes the helmet. we expect to see some tightening on the board. we expect to see tariffs. we do not expect to see universal tariffs, but selective tariffs continuing against china. do not expect to see any sort of changes to the co

large parts of the u.k.paring for snow and ice as a three-day weather alert comes into force. but first, we begin with breaking news coming out of seoul in south korea. these are life pictures we have coming in from outside the president's residence. what we understand from the local news agency is authorities are en route to the residents to execute an arrest warrant against the countries impeached president. it is a little after 7:00 a.m. in the morning in south korea. authorities said they would act on friday. it is now friday morning in the country to effect this a wretch -- this arrest warrant. what we understand as there are around 100 of his supporters who have gathered outside his residence. we continue to monitor the situation. this comes after the impeached president tried to impose martial law in south korea. that was challenged by massive protests as well as protests in parliament that led to him being impeached. we continue to monitor the situation in south korea. we will let you know what will

in the u.k.ou add this sort of stagflationary environment that you see within laois data all across europe performing to the upside, surprising to the upside. that is a negative surprise compared to what people want to see. it just goes to the heart of the existential angst of the moment which is are we under appreciating just how sticky inflation is and how pernicious they could potentially be accompanied by slower growth? jonathan: let's take the opportunity to get you an update on stories elsewhere this morning. here's dani burger. >> mark carney, the former governor of the bank of canada and bank of england is considering running for prime minister of canada to succeed justin trudeau. he's received support from lawmakers and supporters who want positive change and a winning economic plan. he holds a series of business and philanthropic positions including serving as the chair of bloomberg inc. janet yellen spoke with china's vice premier a week after the u.s. said the chinese state-sponsored

the registration act in the u.k., corporation laws in the u.s. the shift from mercantilism to bottom-up economic organization. the other factor was hydrocarbons. this massive increase in available energy. these things transformed human society to be an unrecognizable state today. now we have esg movement, i run a corporate company, in big picture is attempting to reverse both of those. top-down values, explicit war against hydrocarbons based on a mainstream climate narrative that goes something like this. there is an ever-growing climate crisis sweeping the world, wreaking destruction in its wake, particularly harming low income people around the world, therefore all the countries must unite in a battle to drive the fastest possible energy transition to cleaner green or cheaper fuels, denying retro grades get in the way and we will be there soon. this is the narrative. one problem. it is not true. let me hit if you, the energy transition. the kyoto protocols were 30 years ago, 1992, launching the energy transition movement. we went from 87% globa

i've talked to investors across the world and asked why they've not been investing in the u.k. in the last 10 years. they've all said to me because it's not stable enough. to create the conditions for investment, we've got additional measures we need to take. to your question, in addition to the budget, we've got to carry out planning in particular, to regulation, to driving the growth that we need. but we also need to make sure we've got local growth plans because i think everybody around this table would say of course we want growth. so we do want growth, but it's got to be growth across the whole of the country, not just in some parts of the country. >> how are you going to deliver that? what levers are you pulling to help deliver on this? >> the levers we are pulling are obviously the planning levers. it's hugely important, talk to any investor about what makes a difference and they will say planning is one of the key issues, if you don't change that you're not going to get the growth that you need. equally with regulation, the clear message to me is not only that there's t

>> reporter: concern in the u.k. has gotten to such a level that the leader of the third largest party suggests the government should call in the u.s. ambassador to pass a message to the white house saying anyone in government there should be very careful about speaking about british government affairs. erin? >> nick, thank you very much. a twist there. >>> next, breaking news, president biden is speaking right now at a memorial for victims of the new orleans terror attack as we are learning more tonight about exactly how the killer used high-tech glasses to plan and execute his attack dave's been very excited about saving big with the comcast business 5-year price lock guarantee. five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -nope. comcast business 5-year price lock guarantee. powering five years of savings. powering po

the u.k. gilt market.sury, i'm sitting there like this on friday, saying please downside surprise. the gilt market is running away right now. 10-year is up by 10 basis points on the session. pushing higher and higher. lisa: the highest levels going back to 2008 at a time when you had growth that is nonperforming. that is something else mike wilson said. this is on inflation and fiscal, not on growth. that is a toxic mix for a lot of countries. let's get an update on stories elsewhere with dani burger. dani: los angeles is ramping up evacuations as the palisades fire grows in size. the uncontrolled fire is spreading densely popular to santa monica, california. widespread and damaging wind gusts are respected to worsen, hampering efforts to contain the fire. the fire was at almost 3000 acres and two other blazes flared up overnight. x on protecting her oil prices that will hit their production division by about $700 million in the fourth quarter. refining and chemical margins shrank in the final months of 20

s in 2024 from a total of 36,816 people reached the u.k. on small boats.esents an increase of 25% on 2023, though it is a fall of 20% in 2020 two. the conservative government, stopping the votes have been proposed by the major government with the promise of smashing the gangs organizing the crossings. it's here at the home office that arrivals are poured over. labour said the previous government left an appalling government of broken border security, allowing gangs to take hold. the conservative say they have scrapped plans that means effectively no deterrent. last year was the deadliest on record for crossings. the french authorities say more than 75 people lost their lives. at least three people died on sunday when their boat got into difficulty off the coast of northern france. >> what the government needs to do is not just try and smash to enforce the activity, they need to continue to do that but also critically impose legal routes so that people fleeing the war in sudan, for example, was tyrannical rule in afghanistan are able to come here safely wit

citizens to have electronic travel authorization to come through the u.k. digital registration, that'll cost about $12 and it is good for two years for visits up to six months. the new rule will apply citizens of more than three dozen other countries. >> and across the world, countries are saying we actually want to know about people who are coming here before they touchdown at airports and therefore every american who wants to travel to or through the u.k. is going to have to go online. >> and that visa waiver is u.k. equivalent of america. that is a mandatory paid for authorization to travel with security clearance done in advance. later this year, 30 other european countries will require americans to apply for travel permission before they fly. >>> and president biden will remain in los angeles after the palisades fire stopped them from leaving lax. you could see that smoke plume in the distance from the airport. biden plans to travel to the coachella valley to talk about the environment. while in los angeles, biden declared two new national monuments on

the u.k. is deeply alarmed by the houthis continued missile and uab attacks against israel and their ongoing targeting of international shipping in the red sea. we strongly condemn these attacks, these reckless actions and call on the houthis to stop immediately. there is no justification for these attacks. houthi aggression not only risks regional escalation, but is also making worse the already dire humanitarian and economic conditions inside yemen. a comprehensive and inclusive political 2ettlement 2emains 2he best route to a peaceful, stable, and prosperous yemen. we are also clear on the role of iran in fueling this escalation. its long-standing financial and military support to the houthis has enabled and exacerbated houthi aggression. iran bears responsibility for the actions of its proxies and it must sees its illegal activity, which is destabilizing the region and threatening international peace and stability. president, the u.k. reiterates its support for israel's right to self-defen

u.k. time but euro-dollar 1.0, christine lagarde's new year's message yesterday saying the ecb's 2% target is insight. branch trading $74 per barrel after the american petroleum institute, gold up a high -- a touch higher and bitcoin with a bigger drop at the end of 2024 as investors took profits off the big rally. flipping over to the asian picture, japan closed but the broader msci asia pacific index is weaker this morning. caixin china pmi's coming in weaker than expected in the week this is weighing on chinese stocks, the hang seng down 2% and the yen hovering at 157 per dollar. our top story, the fbi is investigating a suspected terrorist attack and hunting possible accomplices after iraq was deliberately driven into a crowded new orleans, killing 15 people at least. president biden is looking into a link between that attack and and an incident in las vegas involving a tesla cyber truck explosion outside a trump hotel. >> we are tracking the explosion of a cyber truck outside the trum

we saw this in the u.k. do you see this as a possibility of the u.s. or is this an out of consensus call? ira: if you're going to have any kind of liz truss moment, something has to break in terms of the funding markets. what happened in the uk's unique because of the leverage involved. in the u.s., we would look much different. that said, people will start thinking about repricing bonds if we wind up with a budget deficit that is significantly higher than what we currently have. how much higher and how much will they go? it depends on what the sustainability of that growth of budget deficits is. people steal father treasuries -- still fought the treasuries. there is always a need for them. yeah. it will not look like what happened in the u.k. but people might start avoiding u.s. debt a little bit if budget deficits are not approved. scarlet: let's talk about the 10-year bond option, the reopening. is creating an existing 10-year note with a fixed interest rate of a belief or .25%. this is an added wrinkle to what we usually get in an auction. it is no

you now see the u.k. has stepped up, going back to being one of the climate change leaders.a and china also stepping up their politics, going, hang on, there is a void that will be left out of the u.s. stepping out of the agreement, so therefore they can feel that. again, driven by the economy, driven by the impacts. so we are seeing lots of local action, but also action at the national level in key countries. annita: professor mark maslin from ucl, thank you for your time. continuing to look at pictures of those firefighting aircraft planes and helicopters. smoke rising, but we are seeing some small signs that they are making progress. the big warning that comes with all of that is the stronger wind that is forecast to strengthen again over the weekend. questions over what that may do to the firefighter's efforts to try and contain these fires. much, much work ahead for all of those involved in this massive effort. stay with us on bbc news. announcer: funding for presentation of this program is provided by... financial services firm, raymond james. announcer: funding was al

this is bloomberg. ♪ ♪♪ ♪♪ ♪♪ lizzy: to the u.k.nd think tanks say that taxes on minimum wage jobs will have effectively doubled in just a decade, after the government's increased payroll levy comes into effect in april. according to the conservative leaning center for policy studies, total tax paid by employees will rise to 21% of salary for minimum-wage workers, up from 11% in 2015. social media giant meta is replacing its president of global affairs nick clegg with his deputy joel kaplan a longtime executive with staunch republican ties. kaplan has been advocate for more speech from across the aisle on the platform just weeks after donald trump are turned to the white house. a race to attain talent may have prompted london-based businesses to offer more flexibility to staff. the results from the work from home surveyed by bloomberg intelligence shows that 89% of london-based employers are amenable to remote working, more than peers in other european cities. let's get more details with our senior analyst for real estate at bloombe

the u.k.sed fresh sanctions on individuals associated with nicholas medeiros government. the u.k. government has also condemned nicholas maduro himself as fraudulent. the context is after that election in july, the authorities said nicholas maduro had won for a third term. the opposition then published voting tallies that they say prove their candidate, ed window gonzalez, rather than nicholas maduro, won the election. he is increasingly isolated on the road -- on the world stage. most of the international community, including some of his neighbors, have really condemned the disputed election results. caitriona: member, you can keep up-to-date with all of what is happening around the world -- remember, you can keep up-to-date with all of what is happening around the world and those l.a. wildfires on our website. we can have a look at some pictures coming to us now from los angeles. this is the scene there. that is it for the moment. announcer: funding for presentation of this program is provid

what are you going to do to dissuade president-elect trump from imposing tariffs on the u.k.? >> well, i'm not going to say what he's going to do. i'm not a fan of tariffs and therefore, we have to make sure that we avoid tariffs. we've got very good trade with the u.s., very good trade with other countries around the world. i want to improve on that and as you will know, i had a meeting with president trump in september in new york, a number of-- >> did you discuss it. >> and including. yes, sir, i won't go into the details of what we've discussed. am i alert to tariffs, yes, i'm not going to discuss tariffs-- >> and you are committed to negotiating a special deal with the eu. that would probably rule out the grand bargain for a trade deal with the united states because we couldn't include something on agriculture in such a bargain. how are you going to put of up two deals on one hand and the other? >> i think we can purse both. and accept the argument that you've got a-- with the u.s. or with the eu, that isn't how it works with our current trade. we do want a closer relatio

and i'm thinking of you, the u.k., i'm always thinking of you in the u.k.e a little bit earlier this morning. no doubt this move stateside just takes a little bit of pressure off foreign authorities as well. down close annmarie: annmarie: to 14 basis points. they were already rallying because of that better cpi number, but the rally is taking on a life of its own. these numbers are so important. it is not just the u.k., it is also japan, it is a boj that seems like it wants to hike but in order to do that, it needs to have inflation. at least these kinds of figures coming in, a fed that isn't hiking rates. the yen up more than 1%. so many different international markets were waiting on these numbers, and they will have big consequences for central banks. jonathan: david kelly is with us around the table, good to see you. softer inflation prints in the months ahead? >> i think it is important to recognize that the year-over-year, two point nine, that is going to look a lot better by april because the first four months of last year we saw pretty strong inflat

i don't know if there is a stigma in the u.k., but people are less bold.'t think they are less bold. i think that there is more -- you know, we are different here. we don't celebrate it in the same way. and i find that really difficult to say, because i feel like i am so celebrated. especially where i'm from. like, people in london are so nice to me. like, i turned up in this office and two girls come up to me and they're, like, emma, we love you! high five. so i think things are shifting. what i am all about is celebrating people. and listen, it doesn't all work out, but that is also part of life. and i think that we have to be a little more honest with ourselves about what it takes and how hard it is. francine: it is hard because you need to build team around you, you need funding. emma: oh, yeah. francine: there is a little bit of luck. what have you found hardest? emma: if i am really honest, probably the funding piece. because i think without the right background and circles around you, access is really difficult. you know, for me, i raised my first c

they are pretty unhappy with trump over in the u.k.arently elon musk has any other conservative oran traditional coming down hard on and even harassing and arresting in some cases if they say the wrong thing on the internet. i think the question is, why ark they are allies again if that in what they will do to people? >> i don't know.i. they did the same thing 2004 did which john kerry and they try to stop trump with english media people and politicos came. they tried to interfere with in ey ithe affairs of ukraine and d to stop benjamin netanyahuhe election. they always like to interfere in people's government.g they are projecting that onto elon musk mount think he's interfering at all that just commenting. but too an them, that is what ty are doing and projecting vulnerabilities onto him. : victor this is breaking right now bloomberg ist saying chinese officialsok are evaluating for sale at tiktok u.s. ops to elon musk for the app gets banned and they united states.god. my gosh! oh, man, okay. the heads are exploding across d e glob

so i mean, they are pretty unhappy with trump over there in the u.k.sn't have any free expression rights along with any other conservative or traditionalist in europe that they are coming down hard on and even harassing and arresting in some cases if they say the wrong thing on the internet. so, i guess the question is, why are they our allies again? if that's what they are going to do to people? >> i don't know. they did the same thing in 2004 with john kerri. they sent people in to help them. they did -- they tried to stop trump with english media people and politicos came. they really kind of interfered in the affairs of ukraine. they interfered -- they tried to stop the netanyahu re-election. they always like to interfere with in other people's government and they're projecting that on to elon. i don't think he is interfering at all just commenting to them that's what they do and projecting their only vulnerabilities on to him. >> laura: bloomberg is reporting that chinese officials are evaluating potential sale of tiktok's u.s. ops to elon musk fo

we joined actions with the u.k. imposing significant and complementary action of its own. i think it is important to note that by taking these significant actions against russia, oil markets are in fundamentally better places number one and number two the u.s. economy is a fundamentally better place as well. that is why we took this action now. this was a commitment the president wanted to uphold. not just the president, but g7 counterparts. that is what you are seeing now. reporter: my question was whether it would lead to an increase in gas prices. sec. jean-pierre: i have said -- book. one of the things we expect and believe is that the supply of energy will exceed global demand this year with ample capacity within the outside of opec plus to increase production if necessary. so, since the start of russia's war benchmark oil prices have fallen almost $35 per barrel and u.s. gas prices have dropped from roughly four dollars to roughly three dollars per gallon because of the action this president has taken. that is what we want to continue to see and that is what we think

china is the u.k.'h $68 billion worth of trade going from china to the uk last year. miss reeves will be the most senior british official to visit beijing in seven years. as you mentioned, a concerted effort by labour to build bridges with china and ties have been strained in recent years, with allegations of chinese hacking and spying and its jailing approach pro—democracy figures in hong kong. ms reeves �*s tavern �*rust�* travelling to china with the governor of the bank of england and the chair of hsbc. as for what is in it for china, one of the main goals is more cooperation on financial services. china is moving up the value chain and the uk could help given its expertise in services and financial services. china is expected to be at the sharp end of donald trump's aggressive trade policy, which could result in tariffs of up to 60% on all chinese goods. chinese officials are already contending with the rapidly declining currency and a stock market sell—off and a protracted property crisis. the uk

look at the u.k. with liz truss in the mini budget. markets will react if they think you are likely to accelerate inflation. you will see that in interest rates, movements, spreads, and so forth. i don't have the nt is the right word, but i do think it's a right way to attribute policy when you think about inflation. investors and traders will be walking -- watching for heightened inflation risk if they decide the trump republican policies are likely to push inflation up. scarlet: do you see the 10 year going up as t. rowe price has warned? stephanie: anything is possible, but i'm not looking to see that sharp of a movement. scarlet: stephanie, always appreciate you joining us, thank you for coming into the studio. stephanie kelton, stony brook or. coming up, new alternative to cable after fumo in disney announced they would combine live tv business sees -- businesses. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elepha

around the world and across the u.k., you are watching bbc news. >> welcome back.ntinuing to watch the motorcade carrying the casket of jimmy carter. it is arriving in the center of washington, d.c. the pace is slow. about to come to a stop at the u.s. naval academy. jimmy carter in his early life served in the u.s. navy. you can see the procession is starting to form on pennsylvania avenue. on these -- just on his early life and why they have chosen the national navy memorial. he started in the navy in 1948, training for submarine duty. later in his life, he started work on the fledgling nuclear program within the u.s. submarines. >> absolutely. at his wife's funeral last year, their daughter read a letter saying how much he missed her. he came back from the navy afterward to return to the agro business. he became famous campaigning as the peanut farmer. we have seen some memorials have jars of peanuts in his honor. but it was a business, his family was successful in plains, georgia. he became known for that and build himself into politics, became governor of geor

by the door, the end product, ready to be shipped to europe, the u.k. or the u.s..s an almost constant supply of fabric from nearby vendors. shein's success is possible because this city in china has everything it needs. spending the day here it is clear that shein's meteoric rise had a positive effect on the local economy but that has come with increased scrutiny. there have been allegations of forced labor. they have found incidence of child labor and there are accusations and staff are overworked and underpaid. we found a 75 hour week is not unusual for many companies in this industrial heartland. >> it is not unusual, but it is clear that it is illegal. it violates basic human rights. so it is a human rights issue. it is an extreme form of exploitation that happens. and this needs to be visible. people need to know under what conditions loathing is being produced especially in such an opaque company that does not really report what they are doing. >> the hum of machines continues into the night. in a statement, shein says it is committed to ensuring fair treatme

denmark and the netherlands ukraine's first if 16 fighter jets and canada, denmark, france, romania, the u.k. and u.s. have found creative ways to train ukrainian pilots. ukraine partners have provided broad and sustained support from patriot and hawk air defense systems, to thousands of armored vehicles. so all told contact group members committed more than 126 billion dollars in security assistant to ukraine. they expanded production comment and they to keep ukraine's equipment in the fight. so this coalition has become the arsenal of ukrainian democracy. it has become an engine of global security. and this contact group has become the most con sequential global coalition in more than 30 years. today 14 countries and ukraine lead these important coalitions. theyey focus on ukraine's air force, armor, artillery, reminding, drones, information technology, integrated air and missile defense, and maritime security. and today ministers of defense here endorsed each of the coalitions road map for ukraine's future force. now each road map lays out an efficient and sustain able approach to helping

around the world and across the u.k., this is bbc news. let's return to our coverage of what has been described as the final round of negotiations on a cease-fire deal and the release of hostages in gaza. those talks have been continuing through the day in the qatari capital doha. all sides saying they feel pretty positive, but there are details to be worked out. just in the last few moments, let me repeat the news coming into us. the israeli foreign minister says he believes they will be a majority in the government to support a gaza agreement. that is significant because of course some of the hardliners within benjamin netanyahu's government have been very vocal about their opposition to any deal. he says he believes they will be a majority in the government to back an agreement. let's speak now to laura blumenfeld, senior fellow at john hopkins university, middle east analyst, former senior advisor at the state department. good to have you on "the context ." i want to begin to get your reaction from that line from the israeli foreign mi

around the world and across the u.k., this is bbc news. ♪ annita: you are watching "the context."straight back to los angeles where firefighters continue to battle a number of out-of-control blazes. these live pictures coming into us. you can see that huge cloud of smoke over one part of the city. the fires have been driven by a combination of strong winds and low humidity. so many homes destroyed in these fires, as firefighters try to do what they can to put out the blazes. obviously as we heard from one captain in the l.a. fire department, the priority at the moment is making sure that people are getting to safety. let's take a closer look at the conditions and contributing factors. dr. daniel swain is a climate scientist with ucla and the university of california who specializes in extreme events like floods, droughts, and wildfires. dr. swain, good to have you with us. first question, why and how did these fires get so bad so quickly? >> thanks for having me. there is really a confluence of two key factors. one is the presence of very strong and dry hurricane force winds in po

around the world and across the u.k., you are watching bbc news.h billionaire elon musk have been interviewing the coleader of germany's afd party. the interview went live a short time ago on the x social media platforms. her anti-immigration policy -- party pulling at 19% in the run-up to germany's elections next month. in a message she posted, he said the traditional parties in germany have utterly failed to people. the afd is the only hope for germany. here is a clip from that interview. >> 7 million people but these are officially counted. >> 7 million, while. >> 7 million people of influx since 2015 officially counted. then because the people, just another funny number. our state allows people to throw away their passports before they cross the borders that are not protected and controlled, so 57%, almost 6% of the people coming into our country, open border, they throw away their papers. why do they do that? because once entering our country, with this funny immigration policy, they cannot be deported anymore. christian: musk of trying to sto

he was raised in the u.k., currently lives in brooklyn, new york. thank you and great to have on this panel. great to be here. and then finally, daniela rus is, the author of the minds mirror and the heart and the chip. daniela is a pioneering roboticist and a professor of electrical engineering and computer science at mit, where she is the director of the computer and artificial intelligence laboratory. she's a global leader in robotics and a.i., and she a member of the national academy of engineering the american academy of arts and sciences and a macarthur fellow. she lives right here in massachusetts. so it's great to have all of you here. and just a reminder that we will have about 15 minutes at the end of the program for you to ask your questions so be about those questions that you will be able to. and then we'll also be asking you to go to the microphones so we can make sure that we everything that you have to say. okay. we're going to start off with this. i lightning round. you're on an elevator. you're headed up to the seventh floor. now,

in south korea the birth rate is .72 children for women and in the u.k. 1.5 children.united states we hit a historic low of 1.6 births per women this is below the replacement level, a path towards extinction. the fertility crisis is hand in hand with a surge in chronic illness. the united states, $15,000 per person a year in health care expenses, yet, we're 49th in life expectancy. it doesn't reconcile. where is that money going? if you ever felt the united states is a proxy for a much larger battle for the soul of humanity, you are correct. the fight is being fought here on our soil. we americans, those who love our american existence because we love our freedom, are the ones who must win this battle for all of humanity. yes. [applause] >> enslavement is avoidable and sickness is one of the ugliest forms of slavery, just like those kids i saw in asia who are crippled by their adult caregivers in order to take a profit, so, too are our children. our children have become slaves of the system that looks at them in dollars and not the divine souls that they are. [applause