andrew bailey weighs in on the subject. more on central banks next. this is bloomberg. ♪ francine: economics, finance, and politics. this is "bloomberg: surveillance ." i'm francine lacqua in london. wirecard says it is missing 1.9 billion euros, probably doesn't exist. the payment firm is withdrawing results for fiscal 2019 and the first quarter of 2020. the company says it is in constructive discussions with lenders about renegotiating terms. the scandal has seen wirecard shares collapse and its chief executive depart. lufthansa's ceo says the bailout bill may not pass. the biggest shareholder is threatening to block the plan which would dilute its holdings. it casts doubt about the nine -- about the plan to rescue the airline. the sides are holding talks before a virtual shareholder meeting thursday. pg end he has one thing final approval for its bankruptcy plan. it includes billions of dollars in damage claims stemming from wildfires linked to the company's equipment. it needed a judge to sign off to qualify for an insurance fund that will help re

ms long bailey was asked to delete her retweet but chose not to.d not meant to endorse all aspects of the article. here's sir keir starmer. well, the sharing of that article was wrong because the article contained anti—semitic conspiracy theories. i have therefore stood rebecca long—bailey down from the shadow cabinet. i've made it my first priority to tackle anti—semitism, and rebuilding trust with thejewish community is a number—one priority for me. this is outside source live from the bbc newsroom. the world health organization has warned that the death toll from the coronavirus will reach half a million by next week — and that there will be ten million infections. the united nations says police forces around the world should stop using facial recognition technology on people attending peaceful protests. technology like the system you can see here scans faces in a crowd and matches them with identities stored on a database. police forces say it helps them spot wanted criminals, but the un has other concerns. facial recognition, though, constitut

with that in mind, was it not a mistake for rebecca long—bailey rebecca long—bailey to be distractingot the way that politicians speak to the nation on the core issues at the day, it is a more conversational format and that, but was it a mistake to share that article? perhaps. was it a sacking offence? no. we will have to leave it there, but we appreciate your time and thank you very much. a major incident has been declared on the south coast of england on the hottest day of the year in the uk. as temperatures soared above 30 degrees celsius, thousands of people descended on the beaches in dorset. bournemouth council said it was appalled by the scenes and the irresponsible behaviour of crowds who had ignored public health guidance on coronavirus. they said the local police force was being stretched to the absolute hilt and pleaded with people to stay away, as roads were gridlocked and beaches became full. duncan kennedy is in bournemouth and has this report. as you can see, it is still absolutely heaving here tonight. we have had extraordinary scenes of overcrowding throughout the day

i would defer to president dudley or governor bailey, as well. markets in london and particularly in america are a dominant short-term paper vehicle. this is sharply different from the continent of europe. deutsche bank would agree with that. this distinction of how money market rates adapt and adjust to the zero bound is at the heart of the matter. joining us with an important bloomberg column is william dudley. i want to go to a must-read. opens stronglways and fact-based. the federal reserve's balance sheet is exploding, growing by $3 trillion since march and exceeding $7 trillion. it could exceed $10 trillion by year end. most people don't want to hold large amounts of cash, most all of the money eventually finds its way back into the banking system. this essay should be required reading in any econ 101 course. clarityown away by the of explaining the process. there needs to be a follow-up to this wonderful essay and that is, what is the best practice of our central bank? what should they do about $10 trillion? bill: the hard part about this

bailey, or is this simply no theory right now?'s interesting you say that, because when i saw the piece, i was wondering the same thing. there is a different philosophy about how much you promise to market. we were put into a situation where the bank of england really that theeeded to show balance sheet was going to stay at high levels, much higher than all the global financial crisis. one way to signal that was to say we are not going to use it to respond to more short-term macro movement. if that hadurprised changed because people in the bank of england do feel that they have a better sense of interest rates than the quantitative easing. responding to a quick change in the economy, i think they are going to be reluctant to rule that out. but the reality is that with the crisis, the balance sheet has got that much bigger. already, 300 billion probably another 100 on the way over the next you month. i think it's just a question of the reality, everyone knows the bank of england is going to have a much bigger balance sheet. keeping

rebecca long bailey was corbyn's candidate for leadership of the labour party.think he wants to assert his authority and make a sharp break with the policies and the perceptions that surrounded the labour government and led to their disastrous election defeat at the la st disastrous election defeat at the last election. you know a lot of the vote rs last election. you know a lot of the voters were voting against the far left and corbyn and the anti—semitism that seemed to has been associated with all of that. now would cure starmer wants and what he needs to do to revive the electoral chances of labour is to distance himself from all of that. i think it's a real shame that the whole anti—semitism issue has come back to the forefront in this way, because actually, the important elements of difference are predominantly for the whole country around the far left agenda versus kier starmer relatively more moderate stance and the anti—semitism issue is only one moderate stance and the anti-semitism issue is only one of a far left type of politics that seemed to have c

"duane bailey. councilman. citizen. puggle breeder." i love them because they're a different mix of breeds, just like america. i like what he's saying, claire. he isn't saying anything. look at his... we need a stop sign at our intersection. everyone says that,

keir starmer, will speak to backbench mps later who are concerned about his sacking of rebecca long—baileyintu, which owns some of the uk's biggest out of town shopping centres, is expected to go into administration today. and there's a warning from the beauty industry that the current state of limbo threatens thousands ofjobs. hello, good morning and welcome to bbc news and you can get in touch with me on twitter about any of our stories @annita—mcveigh. it's taken them 30 years, but for liverpool football club, the wait is finally over. they've won english football's top honour for the first time since 1990 — that was before most of the current squad were even born, and so long ago, it was still the old football league and not the premier league. fans as well as the players have been celebrating throughout the night. victory came after chelsea beat manchester city to givejurgen klopp‘s team an unassailable lead at the top of the table, with seven games still to play. this was the moment the liverpool players realised they were champions as they watched at their hotel. thousands of fans g

i have therefore stood rebecca long—bailey down from the shadow cabinet.made it my first priority to tackle anti—semitism, and rebuilding trust with thejewish community is a number—one priority for me. why does sharing a link from an article with an interview from an actress turn into a political problem? because sir keir starmer said during his labour leadership campaign that getting rid of anti—semitism in the labour party was its number—one priority. he believes it was the right thing to get rebecca long—bailey out if she refused to delete the tweet, which she did. his backers tonight are very, very pleased. they say this shows his actions actually match up to his words and it was something that was so toxic forjeremy corbyn at the labour party and caused so much trouble and agonising in the labour party, that they feel it was the right thing to do, but the risk is that it reopens some of those really bitter tensions inside the labour party that have been quite under the surface, really, rather than all over the newspapers. by the way, i thought being s

is it your opinion that if rebecca long—bailey we re opinion that if rebecca long—bailey were to retractdelete the tweet, which would have been the first 5tage... maxine which would have been the first stage. .. maxine peake which would have been the first 5tage... maxine peake has done more than that, she‘s put a statement out, and rightly so, that retracts this life. if rebecca long—bailey did that yesterday, 5he this life. if rebecca long—bailey did that yesterday, she would still be in did that yesterday, she would still beina did that yesterday, she would still be inajob did that yesterday, she would still be in a job —— lie. that‘5 did that yesterday, she would still be in a job —— lie. that‘s why i congratulate keir starmer on his leadership and we‘ve been waiting for leadership like that in the labour party for some years. but lie5 like this are very dangerous. cani lie5 like this are very dangerous. can i draw your attention to what we understand from the process prior to her sacking, 5he understand from the process prior to her sacking, she has said, "i had asked to discuss thi

long—bailey, was anti—semitic. —— maxine pea ke. it long—bailey, was anti—semitic. —— maxine peake.n the techniques that kill george floyd, but they didn't see that is fundamentally anti—semitic. all these points will be put to keir starmer and are being put to him as we speak. from his point of view, i think the argument he would make his, think what would happen if he didn't take tough action. it would make jewish community groups didn't take tough action. it would makejewish community groups —— he has metjewish community groups in recent weeks. he has said people would see actions and not words on anti—semitism from him. so as soon as there was a suggestion from the board of deputies of britishjews and the campaign group labour against anti—semitism that these comments could be seen as anti—semitic and they wanted to see robust action, he had no choice but to get rid of rebecca long—bailey because she had refused to take down the retreating of the original article. had she done so, perhaps she would have stayed in herjob. so i think he will try to ask for understanding from the l

allies are saying is that it is nonsense that he was looking for an excuse to get rid of rebecca long—bailey that the sacking should be taken at face value. when you talk tojewish community groups in recent weeks, he said that they would see actions and not words on anti—semitism and he was following through. the price of following through is to highlight divisions in his own party. iain, thank you. the uk's biggest shopping centre operator intu is on the brink of administration after failing to agree a deal with lenders. the firm operates 17 sites across the uk, including manchester's trafford centre and the metrocentre in gateshead.

the uk's opposition leader sacks rebecca long—bailey from the shadow cabinet — for sharing an articlen anti—semitic conspiracy theory. i have made my first priority to tackle anti—semitism and rebuilding trust with the jewish community is a number one priority for me. one month on from the death of george floyd — we take a look at what's changed in the us. uk tourists may soon be able to holiday in much of europe — and not have to quarantine on their return. hello and welcome if you're watching in the uk or around the world — and stay with us for the latest news and analysis from here and across the globe. a major incident has been declared on the south coast of england on the hottest day of the year in the uk. as temperatures soared above 30 degrees celsius, thousands of people descended on the beaches in dorset. bournemouth council said it was appalled by the scenes and the irresponsible behaviour of crowds who had ignored public health guidance on coronavirus. they said the local police force was being stretched to the absolute hilt and pleaded with people to stay away as roads wer

ambassador to nato kay bailey hutchinson i said that the plans for this withdrawal aren't yet set in stone what does that mean that this is really not a done deal yet. nobody seems to know for sure and of course everybody except probably russian president vladimir putin is hoping that this can be a reversible decision because until president trump made these remarks yesterday it didn't seem clear that he had really made up his mind he's been advised against it by all of his military advisors in the u.s. allies have been advising him against this move germany of course has expressed its unhappiness with this so whether or not president trump is able to actually make concrete plans to pull the troops out where they would go where the equipment would go remains to be seen and certainly nato is hoping that it is not a done deal but even kay bailey hutchison didn't seem to be sure she said that she didn't have any details on a timeline on how and when this might happen while the decision wouldn't just affect germany and u.s. troops in the country are really part of the alliances broader s

>>bailey is a catcher out of nc state university. the decision to draft bailey may come as a surprise to some because organization draft another catcher joey bart, just 2 years ago with the number 2 overall pick. but with the national league expected to adopt the designated hitter rule, bailey embark would still be able to both have every day rolled the a's also drafted catcher. they took tyler soderstrom out of turlock high school carlock is the same hometown as colin kaepernick senator strom was originally planning on attending u c l a and the biggest national sports story of the day has to be nascar has decision to ban all confederate flags at nascar events in a tweet wednesday, the organization said the flag runs contrary to its commitment to providing a welcoming and inclusive environment for all fans, the policy also prohibits confederate flags at nascar properties. the ban goes into effect ahead of today's cup series race in martinsville virginia. we're driver bubble while has plans to raise a car with a black lives matter pai

bailey he's a catcher out of nc state university, the decision to draft bailey may come as a surprise to some because the organization drafted another catcher joey bart just 2 years ago with the number 2 overall pick. but with the national league expected to adopt the designated hitter rule, bailey embark would still be able to both have every day rolls a also picked up a catcher. they took tyler soderstrom out of turlock high school her lock is the same hometown as colin kaepernick. >>so strong was originally planning on attending u c l a and the biggest national sports story of the day has to be nascar has decisions to ban all confederate flags at nascar events in a tweet wednesday the organization said the flag runs contrary to its commitment to providing a welcoming and inclusive environment for all fans. the policy also prohibits confederate flags at nascar properties. the ban goes into effect ahead of wednesday's cup series race in martinsville virginia. we're bubble driver bubble while us plans to race a car with a black lives matter paint scheme. on the hood there are 2 hands

that tells you about the common nation of governor bailey with an essay for bloomberg news, really talking about the horse before the court with those balance sheets, and then our conversation with william dudley in the last hour about the to do list for the fed, with a $10 trillion balance sheet. lisa: there's a really good question jon raised. what does the market tell us at this point, given the fact that central banks around the world are pushing yields ever lower? my question is, when does this get to be a question of sovereignty, of the dollar, of gold?ro, and of today we are seeing that story very much surging. i think this is somewhat a testament to the idea of money printing that seems somewhat endless around the world. jonathan: a celebration -- tom: a celebration here in new york. i want to take this moment before get to jane foley, i thought the celebration of the opening of the english premier league here after this horrific pandemic was extremely well executed. what were your thoughts as they lead all of global sports in opening first? jonathan: so far, so good, although i th

leon bailey to have doubts. who could have done more with the last. pats himself set up the next chance with lusardi abby. and then kevin fall and. still just 6 minutes played. a quarter of an hour in leon bailey down the left again fall and again. and have ats. all very nice but nothing to show for it. pairs you can play some pretty nice football themselves except they make the most of their chances instead of a meal of the. one male against the run up playing courtesy of materials can you have. a penetrating pass from dodi looking back you know and some to a strike from the brazilian. and once behind leverkusen struggle to catch up with erika. just off the on check all on his own and only lukash where that's going to keep him that day. and while the poll was apologetic later closing could be grateful that he hadn't seen flatter me or daddy to in acres of space. after a dominant 1st 15 to 20 minutes it had been a pale display from leverkusen including having outs. in the 2nd half the visitors again got to work on project champions league but there wa

going on right now as we speak and the giants have selected after for city the decision to draft bailey may come as a surprise to some because the organization drafted another catcher joey bart, just 2 years ago with the number 2 overall pick but with the national league expected to adopt the designated hitter rule bailey and bart would still be able to both play every day and have roles the a's also drafted a catcher today they took tyler soderstrom. >>out of turlock high turlock is the same hometown as colin kaepernick so strong was originally planning on attending you cla and his father was actually the 6th pickin the 1993, and though the draft so a great story there and every reported earlier in the show nascar has decided to ban small confederate flags at nascar events this came a few days after nascar as lone full-time black driver bubble while his voice his displeasure at the presence of the flags at events. >>while us also has unveiled a new paint job for his race car is number 43 car is now adorned with the hashtag black lives matter across the side and on the hood there are 2

the 1st team was solid at the back to leon bailey charts or anything and even chi habits failed to muster up a single shot on goal in the 1st half. given the can look down despairingly at times and freiburg created the best chance of the half just before the break. but lucas heller squandered this one on one and the team's hopes of a 1st victory since the restart went up in smoke. but if your team not but some of them cannot so i still choose. you know i've got 6 and it's a busted there was a side of a name was that i knew it was gone it's. it's a shame to freiburg that it didn't go in because then came kind have it's his moment has slipped past a lay on bailey kept the move going and his run cracked open the defense giving him just enough time to slide the ball hard in one nail. it was lay the case and only shot on target and the whole getting public has now scored 35 on this league it goes before his 21st birthday no other player has cooled so many so young. there was a pretty scary for habits and leverkusen as an injury forced him off the pitch but it seems to be nothing serious. try t

trusting was solid at the back to leon bailey charles or anything and even kind have it's failed to muster up a single shot on goal in the 1st half. the one they can look down despairingly at times and freiburg created the best chance of the half just before the break. but lukas hella squandered this one on one and the team's hopes of a 1st victory since the restart went up in smoke. but security not the summer so i suppose she is. you know i thought 6 notes of us that there was kind of a name was that i mean this was gone it's. it's a shame to freiburg that it didn't go in because then came kind have it's his moment has slipped past a lay on bailey kept the move going and his run cracked open the defense giving him just enough time to slide the ball hard and one nil. it was lay the cousins only shot on target in the hole getting coverage has now scored 35 honestly goals before his 21st birthday no other player has cooled so many so young. it was a pretty scary for habits and leverkusen as an injury forced him off the pitch but it seems to be nothing serious. tried it did create one more h

andrew bailey stressed the need to reduce the institution's balance sheet, which has swelled over us- almost 700 billion howds, giving a sense of the policy would be enacted. let's get more details on this with david goodman, who has been looking at the details here. us, what do these comments mean for policy and do they tell us anything about the short-term? you have bailey talking about healthy exit would be enacted but he doesn't think the time to do it is now. david: that's right. we're at the point where the bank is talking about more stimulus before they start to wind down. into whereinsight they think firepower for the future currency does lay. the current round of qe completed, and -- this is really going to get -- when the time comes. there are a lot of things on the balance sheet, qe terms, lending terms. there are a lot of things that they can do there. i think in the past, mark carney always said they would not set up qe until rates hit a certain level. i guess one of the takeaways is this means we can probably expect rates to stay low for some time to come. bankers are i

ms long—bailey said her retweet was not an endorsement of every part of the article. their first english premier league title in 30 years with a record seven games to spare. last season's champions, manchester city, had to win against chelsea to remain in contention but they lost 2—1. a little earlier i spoke tojenny kirkham, a reporter from the liverpool echo who's been soaking up the atmosphere in liverpool city centre. i'm sure, as you can hear behind me, the crowd in the city centre is still going very strong at this point, that they show no signs of slowing down at all. and the cheering and booing that you'll hear behind me over the next couple of minutes is because a football match of their own has broke out in the crowd and they are all cheering them on. so they are in great spirits and the emotion that you can see in every single one of them just shows how long they have waited for this. we should explain, obviously, for viewers around the world, that there are social distancing coronavirus lockdown measures in place so the fans have not all been able to gathe

you have a great note out to know what governor bailey said in the last couple of days. complicated is the u.k. right now? simon: it is very complex. not least because brexit is sitting in the background so there are other issues we discussed before the break. in terms of your view on u.k. assets, you can see pretty clearly within the data a domestic discount that has been there about four years, which we think is about 20 sent. if you think the more positive sounds around the three areas of friction around the eu-u.k. trade deal will get resolved in october, if you think a deal , then theruck discount becomes an attractive option. i think you can afford to be patient. negotiators are going to have to play to their political galleries first and we have seen the way u.k. assets are treated when you have some fairly aggressive rhetoric. francine: when you look at fiscal policy and the sequencing , bankrate increases, in terms of brexit, how significant is that to the u.k. right now? simon: we have three fiscal events coming up. we have the summer update from the chancellor

hygiene standards is one of the world's biggest distillers earning brands including johnnie walker and bailey's. and that's all from me in the business team here in berlin thanks a lot for joining us. she shows her greatest luxury. to the sun. how does she do so many different jobs so well. an exclusive interview with the actress screamer. other than an director wants to take. on w. . me there i'm david and this is a climate change brags that sex. happiness increase books. for you. know get smarter for free get over your books are new to. our car. armstrong really walk on the moon. isn't the earth really slides have to wrong. the government to use planes to please a. conspiracy theory spread like wildfire on the internet. on the cause of small groups who shout louder than the muslims who profit from a lack of interest among reasonable. innocent transparency fairness can provide comfort you don't like reality create another. film about knowledge and belief trust and deception democracy of the gullible starts july 1st on g.w. . this is in my view the.

hygiene standards as one of the world's biggest distillers earning brands including johnnie walker and bailey's. and that's all from in the business team here in berlin thanks a lot for joining us. better. knowledge. how does it differ from. the things of the claim that it's dangerous. the risks and rewards of a general. telecom's tomorrow today. next d.w. . mozart meets mao meanspirited dancing. at a pretty cool musical means. half the amount to do nothing classical last year but the horn player sara willis joins in with gusto. march 27th. in 30 minutes w. . we know this is a scary time for the coronavirus is changing the world changing our lives so please take care of yourself good distance wash your hands if you can stay at how we are d.w.p. for here for you we are working tirelessly to keep you informed on all of our platforms we're all in this is being run together and we're making sure it. still usage everybody. stays or stay safe increase is to say. we depend on it but we don't want it to rule our lives. our relationship with technology is somewhat ambivalent. most improvements has appro

this was a food giveaway by senator bailey. charles bailey who by the way is supporting me. and by the assemblyman who was supporting me. the three of us were giving food to the people. i couldn't make it, so the two of them gave it and i was not there. my name was there. i was a sponsor. i was listed on there. but i wasn't physically there. >> you tweeted you were going to be there. >> no, no, no. i sponsored it. >> it's on the record. >> i think we -- i think we get the gist of this dispute. i'm sure people are fact checking as we speak and twitter will get the last word on that. mr. fink? >> yes,er roll, i will let these two fight all night long but let me answer the question that neither of them answered. two things. contact tracing is the most important thing we could and should be doing right now with respect to this pandemic. it's shown to be effective all over the country. we need to do it here. the pandemic happened here for a reason. because of the concentration of human beings in our population. we need to follow that. second, the cares act. the cares act was a ba

hygiene standards as one of the world's biggest distillers owning brands including johnnie walker and bailey's. and that's all from in the business team here in berlin thanks a lot for joining us. in good shape. protection maxine. topic again due to the coronavirus. serious illness that. could already be eradicated. in the end vaccines impacts not only individuals but the whole of society. so that's going to dog a mine shaft in good shooting. next on t.w. . we're all set. to go beyond yes. as we take on the world. we're all about the stories that matter to you country but what ever is. running out. in the middle how can you make for mind. we know that this is very time for us the coronavirus is changing the world changing our lives so please take care of yourself keep your distance and wash your hands if you can stay at how we're d.w.b. for here for we are working hard with sleep in human form don't overplan one we're all in this together on together one make it. stay safe everyone. stay safe stay safe please stay safe. you're. welcome to in good shape your health shed on. hello and welcome to

authority budgets we see rebecca long— bailey whose local authority has an increase of 7.4%.our ability to act to support the most vulnerable children, and welch free school meals are a welcome development, we should target the money available on those most at risk. the base marcus rashford has tweeted this morning, it was a series of tweets and it began with when you wake up this morning and when your shower, take a second to think about parents who have had their water turned off during lockdown. the work and pensions secretary therese cathy has replied to, water cannot be disconnected, though. is that the kind of response you want to see from your work and pensions secretary? i think you need to ask her that. what do you think of that reply? about i know that from experience with my constituents, it does happen to people. the rules and say it should not. but alongside things like universal credit, the furlough scheme, other things announced, we recognise that even before the covid pandemic there was a big shortfall in funding to support the most venerable children, estimat

kickoff in leverkusen with the home team without engine talismanic chi habits all eyes were on leon bailey the match winner when the side's loss meant. and it was leverkusen who struck 1st lucas a lowry of poking past manuel neuer in the 10 minutes. the argent time 7th goal of the campaign getting the hosts off to a dream start of brian hit back soon after kingsley command had all day to pick a spot and did so expertly 11. on gretzky put by and ahead in the 42nd minute his left footed drive proving too much for lucas credit ski. close from the leverkusen stopper but it's not close enough. to know every increase the lead on the stroke of half time thinking kitchens up field pass into an empty net in the 45th minute for germany stars 12 goal of the season. by an old but put the game to bed in the 2nd period thomas mood is costing up leavened dusky for a trademark header liver couzin did pull one back in the dying moments however florian gets becoming the youngest ever does legal score i with this effort. for to the final score a huge turnaround for biron after a shaky start but one single ye