chancellor of the exchequer jeremy hunt speaking to francine lacqua in davos earlier this week. was also speaking to christian lindner, the german finance minister, who defended the ruling coalition's handling of the budget. take a listen. >> there is no government crisis, there is no budget crisis in germany. but in fact to the constitutional court has made for the first time a decision about the debt break of our constitution. this is quite new. switzerland has more experience with their debt break. this is the first decision. we had to decide for the consequences. this ruling of the constitutional court, it was so unexpected, and some princip les have been shifted by the constitutional court. now we have made the necessary decisions. now we are compliant. with the constitution. now we can work further on the turnaround in our fiscal policies. >> we say the government is not in crisis but you can't tell me the three parties are getting along. how would you describe the three parties? >> three very different parties, two left-wing parties, and one more or less centristic, socia

jeremy hunt spoke to francine lacqua about the u.k.conomy and the global risks that investors face ahead. take a listen. chancellor hunt: i think when investors look around the world at the instability in other countries, the rise of populist far right parties in many parts of europe, they say even with elections -- we are a democracy -- the u.k. is a stable, long-term bet. they are seeing something to have not seen before. the technology sector is so vibrant in the u.k. that they cannot afford not to be there. francine: will you tell investors that we will see a corporation tax cut? chancellor hunt: they have already seen a huge corporation tax cut. capital allowances. for investors investing capital, they get 25% discount off their corporation tax bill, which is more attractive than any other major country. we will continue to do everything we can to get the tax burden down. that is a choice we have of the country because other parties would increase the tax burden and increased borrowing. we think that way we grow the economy is red

a great interview last week between the head of the ecb and francine lacqua in davos.really does change all this. hobbies that she cannot commit to a two way i. she said all this is very likely. she now sets a timeline for the european central bank where they are pushing the conversation to a summer that would be around the june meeting. this is about a number of central-bank earners last week they came out in force. all this against the market expectations. they believed a lot of the calls were all over the place. perhaps the market was running too hot and had run ahead of itself. this shows this is european central bank that really wants to stretch this idea of higher for longer but also push back to any debate that you could see move in q1. it will be interesting when it comes to thursday. they were allotted to what they said in the markets pricing. that would be the key in the goal for the ecb going into thursday. >> there is an understanding or historical norm that perhaps chair powell -- i am curious as we talk about the strength in the currencies combined with t

kriti: francine lacqua there from the world economic forum in davos, switzerland.orrection, i misspoke about the location of the pakistani airstrikes in iran. they were not in tehran but on a order city. we will bring you full developments as we get them. interviews from davos, coming up interviews from davos, coming up next (announcer) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait

vice president al gore speaking to lumbar's francine lacqua -- bloomberg's francine lacqua.watching the results of the iowa caucus. it's been a freezing evening in the morning, iowa -- des moines, iowa, as voters cast their votes in frostbitten temperatures. the former president does have a wide lead. the question is what we see in terms of the two closest candidates and how they fare, whether we get any dropouts, and the political risk into 2024. climate is obviously one of them. in terms of what gap we see with these two men stepping down, in terms of setting policy into the future and what al gore would not like to see, another trump presidency and the impact on climate change policy. i was looking at one survey done by the global chief executive talking about how viable air business models would be in the face of the threats, including ai, but also the climate threat. this is a poll of almost 5000 company leaders saying almost half of them that their businesses could fail the next 10 years as a result of these major existential risks. belle: interesting as well, because

but bundled up and hopefully very warm, is francine lacqua, at bloomberg house this morning with a everyesting interview. fran, over to you. francine: it is crisp and cold. it is -13 celsius, so i let the imagination wonder in how many layers we're wearing right now. this is our first interview at bloomberg house. we're excited for having a great lineup. to kick this off, i'm delighted to be joined by the south african finance minister. he is enoch godongwana. minister, thank you so much for joining us. there is a number of challenges the world is facing. kriti was talking about trade. how difficult will it be for you and south africa to balance your budget? enoch: it is already difficult. at the beginning of the year, we presented a budget in february. first quarter of that budget, we had to revise it downwards because of revenue shortfalls. we're in a tight fiscal space at the moment. both as a result of the global challenges and domestic challenges. francine: what does that mean for taxes? enoch: that's also a challenge. raising taxes in an environment like that becomes difficult. in

quick that was the saudi finance minister with francine lacqua and davos. back to the markets. lack of conviction. that is what the hsi has been looking like. look at where we are in terms of the movers. tencent as well as net is also down at this point in time. >> welcome back. you are watching bloomberg markets: asia. foreign investors pulling the money out. all sectors in negative territory. also fears about deflation. it was one of the worst performers in primary markets in 2023. china headed for the lunch break. china has been under pressure as well. continuing to be down a 10th of 1%. how much deeper can it get? people are calling that risk reward. perhaps it is time to pick up some of those plays including the likes of ev. by the way, they have also been solo. in terms of the want trading at 79053, we have the fix stronger than anticipated as always. in terms of the japanese market, this is one market that has been continuing to add on to what it has been doing in 2023. generally up by about 1%. investors awaiting that pivot from the boj. we will kno

president and coo daniel pinto sat down at bloomberg house in davos with francine lacqua at the worldnomic forum. take a listen. >> i think that we are focused in whatever is our core investment areas, some of the was that i mentioned. at the moment we are employing at the end of this year, around 320,000 people. the number of people the employee has been growing. i think where we see opportunities, we can have our clients, for sure we will focus on that. >> so, hiring this year? >> yes. >> good bonuses is what we are expecting, right? is this your going to be good for your bank? >> i hope so. you never know. by the components are therefore a strong year. -- we know what the components are for a strong year. we see increasing well investment banking. that is our view for the last couple of years. markets will do well. we see more growth in payments. and when we look at our plans, we will increase our staff this year, for sure. sonali: that was jp morgan president and coo daniel pinto. what is interesting is jp morgan in the united states, for banks, is the largest employer, 320,000 pe

i'm francine lacqua.brought together global leaders from the private and public sectors to focus on what's been achieved in s

francine lacqua is joined by this oil minister. : i am delighted to be joined by the nigerian oil minister. thank you for joining us. there is a lot going on. moments ago, the u.s. designated houthis as terrorists. what does this mean for the price of oil. how does it impact command? >> we are and oil producing country. we are mainly interested in stability. the red sea is -- it is something that is commendable -- condemnable. it is a good development for the oil industry. it has negative impacts all around the globe. it is something we want to encourage. francine: so far, it has been fairly benign on the price of oil. the conflict, these concerns. are you worried that prices shoot up? i am more interested in stability. stability of prices, of production. see thing about stability. francine: let's talk deeper about the announcement we have had. just yesterday, shall announced it was selling it offshore assets to nigerian companies, pending government approval. when could that be? >> in nigeria, -- without much impediment. we are enc

quick to bill winters speaking with francine lacqua at davos. latest on the corporate front and some of the stories we are watching. shares in charles schwab had some losses after the company reported fourth quarter profit that was down by almost half. net new assets were also down 48%. bank deposits declined to 1%. the ceo said 2023 was his worst time at the company since the internet bubble burst in the year 2000. japanese bank planning to ramp up its expansion into private markets. the company's money management arm is considering buying a stake in a u.s. or european firm specializing in alternative investments. tasers -- it is targeting an increase in asset management. coming up, take a listen to what your next guest inks -- ♪ ♪ ♪ ♪ ♪ ♪ you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's m

shery: francine lacqua with a preview of davos.and outlook on chinese economy ahead -- and insights telling us why the oil supply demand outlook remains bearish. we have some upside when it came to oil prices given the u.s. and allies launching airstrikes against houthi rebels in yemen. at daybreak asia is next. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh ♪

request that was francine lacqua there at bloomberg house in dallas.as speaking to the president of jp morgan. she is putting an emphasis on the geopolitical risks on ukraine, the middle east and the geopolitics. the agent does not necessarily help the case. white positively comes to the economy and the market. he said something our next guest might actually share. also today, live from bloomberg has, a conversation with ecb president. there is a lot going on. you deftly want to tune in for these guests. stick with us. this is bloomberg. ♪ >> welcome back to daybreak europe. i am pretty good debt in london. asian markets continuing their decline. hong kong leading those losses. the chinese gdp data came in weaker than expected. for more on this and more, we want to go to haslinda. >> those declines coming on the back of five years of losses. let's speak to paul chan. thank you for joining us today. they are currently down about 4%. people say this is a vote of no-confidence on hong kong or china. going forward, it will be coming down. >> it is about co

host: that was bloomberg's francine lacqua who will be reporting for us live from davos this week.is a reminder of some of the big interviews. kicking off the pulse will be an interview with the vice chairman of blackrock. 9:10 london time. followed by an interview with june kelly to discuss gender injustice. and we will switch to climate change and hear from al gore at 9:30 a.m. u.k. time. and francine will bring you a live interview with the coin based ceo to discuss the future of crypto. a jampacked show live from davos today. let's go to germany where farmers are entering the second week of protests against diesel subsidy cuts. the disruption is piling -- piling misery on the chancellor's coalition. i am joined by our german correspondence. why is there so much public anger against the scholz government? >> if you are waking up in berlin today you are waking up to streets in berlin being occupied by farmers. there are tractors that are as far as the eye can see and truckers. and when you talk to people there are also nurses and last week we had the strike of train conductors. o

haslinda: the newly minted ceo with francine lacqua. plenty more had. here with us. -- plenty more ahead. this is bloomberg. ♪ haslinda: taiwanese voters had to the polls on saturday, despite the looming leadership change. one of the largest players in the islands $1.1 trillion industry is optimistic about the business -- is optimism about the business. our guest spoke with us exclusively. >> he can now offer a full range of offers. our customer has the need for investment products. so, i think by offering that range of products, it will certainly help with our market share. >> it has been a tough couple of years with the interest rate cycle in the united states and the hikes. for particularly taiwan, what is your outlook for 2024? >> i think my outlook is positive. i have a very positive outlook for the country. we believe the fed will have to cut rates. and that will help us -- with insurance sales. in high interest rate environments, it is a lot different, more difficult to sell insurance products, but the comparative yields they can give mother prod

jonathan: francine lacqua sitting down with bill gates. can watch more of that interview when it is uploaded to bloomberg.com. without doubt, top of the agenda for us i think today is what happened overnight in iowa. anne-marie, just another stunning victory, but widely predicted. dr. donald trump coming in number one. what was left predicted with who is coming in number two, but desantis was able to pull it out. he spent so much capital, did the full chuck grassley, 99 ounces. nikki haley coming in third. what was so interesting and probably is really demoralizing for the desantis campaign, within 30 minutes ap, cnn, cbs were all ready to call it for the former president. jonathan: let's get your reaction, your first thoughts following what happened overnight. >> hello and good morning. three thoughts really. four, let me say. firstly, the iowa turnout was very much down. that shouldn't be surprised anybody given the weather, but it was barely half of what the 2016 turnout was. so what is going to happen is these results are going to get

fantastic conversation earlier with francine lacqua.hristine lagarde speaking in davos, giving investors a hint on when she expects the ecb to start cutting rates. >> i would say it is likely but i have to be reserved because we also say that we are data-dependent and there is still a lot of uncertainty and some indicators that are not anchored at the level where we would like to see them. alix: that leads us to the question that we have been doing this for four years. you would not know it. is the box back? the bloomberg dollar index above the 200 day moving average. liz mccormick and edward harris are enjoining us. edward: i would not necessarily frame it as being back. there is some strength to the u.s. economy that is more pricing out of rate cuts that we see forward and also the specter of the election being pushed forward in terms of how we are speaking about it because of the donald trump factor. all those things are supportive of the dollar. if you look at what is happening in the rates market, through 2024, we have 17 basis poi

jeff curry joined francine lacqua and talked about his outlook for copper. >> the metal story is as tightwas in 2021 and 2022 when we did that view. my favorite commodity is copper, copper, copper. francine: what is the copper bracelet for? >> good vibes. copper has low inventory. demand even in china was up 10% year over year. it is a positive story. alix: joining us now is the ceo. i guess you like the copper bracelets. i did not know that was a thing. thanks for joining. you are a european company. you will have good insight into what is happening on the ground. how is it going? what is german data going to look like? how bad is it going to get? >> it looks like we are isolated from what is happening in germany. we see strong demand. everything changing from fossil energy to a different economy means more metals we produce getting more metals back into the loop. i am very bullish about the outlook and what we see forward. copper is growing. i can underline what jeff said. copper is a great metal with a great future. guy: i hear demand is likely to be strong going forward. what about th

annabelle: that was the european commission vice president speaking to bloomberg's francine lacqua anding a look at how markets are trending here, euro stoxx 50 was pointing to further gains in the open. get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now. >> this information or misinformation and the election interference is going to be a real challenge we all have to tackle. >> we are talking too much about donald in europe. we should prepare ourselves for a possible second term for donald trump by fostering our european competitiveness. >> the best defense of that is the way we want to look at it is attack ad to attack properly you need to be strong at home. young strong means having a strong deep m

francine lacqua is joined by steve schwarzman. cine: i'm delighted to be here with steve schwarzman. we are struggling to talk a little bit. there has been some any people. the talk is about the conflicts and the impact on the economy. are you confident about 2024? steve: i think 2024 will be a good year. it started out slower in the sense that interest rates are still pretty high. the fed will keep them that way. everybody has their own guess. probably until the second half, at some point in there. that will have a little bit of a baffling effect. the stock market had such a run in the fourth quarter that you would not expect that to really take off and go. the economy is slowing a bit. that is normal with high interest rates. on the other of the ledger, the expectation that interest rates are going down is creating animal spirits again. at blackstone we did six private equity investments in six weeks after a slow year. we are much busier now. in a way it represents a capitulation for people that were holding back for two years. w

francine lacqua standing by. francine: i am delighted to be joined by the swiss finance minister.hank you so much for joining us. it has been a momentous year for the world economy in switzerland and for baking in general. of course, there is climate change. of course, there are bonds and everything happening with inflation and how do you see 2024 unfolding? >> what worries me is the high debt level around the world. there are many countries that have high debt. when interest rates were down below zero, they did not do the restructuring. they had to do in fact now interest rates are up and i think they will remain even if inflation comes down. there will be a certain level of interest rates and the servicing of debts will be very costly. i think this is an overall risk for financial stability and also for the global economy. francine: do you see that happening in the u.s.? at what point do you think it will become a problem? karin: i think the u.s. has a very high debt level and is the leading economy in the world, but we also witnessed that in the european countries we see that g

annabelle: that was the singapore exchange ceo speaking with bloomberg's francine lacqua.s live and see our past interviews on our interactive tv function tv . you can also dive into any of the securities or bloomberg functions we talk about, plus become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only. this is bloomberg. ♪ hello, brent. hi? if you had to choose, would you watch paint dry or compare benefits plans? compare benefits every time. come on, you know how complicated benefits can be. well, i run payroll with gusto. they make it easier to find benefits like medical, dental, and vision for my whole team. man, i think i'm going to need new glasses. don't worry. i've got you covered. yes! choose benefits without the mess. that's working with gusto. ♪ dramatic music ♪ [flight attendant alert] [baby crying] [snoring] [luggage rattling] [baby crying] ♪ dramatic music ♪ ♪ upbeat music begins ♪ for everyone who's endured the bad seat, finally, sweet, sweet redemption. the lexus tx. three-row luxury that t

paul: singapore exchange ceo speaking with francine lacqua.nd see our past interviews on our interactive tv function tv . you can dive into any of the securities or bloomberg functions we talk about. you can become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com annabelle: you are watching daybreak: asia. we just got an alert crossing the bloomberg terminal coming from the issuer of the largest onshore etf tracking the japanese market in mainland china. this is the china amc nikkei 225 etf. we have seen the premium absolutely surging on the share price. we have actually seen it trading at a substantial premium in the secondary market. significantly hig

i'm francine lacqua, and this is "the pulse" every weekday at 9:00 a.m. only on bloomberg.oomberg: middle east & africa." our top storie

jonathan: that was christine lagarde speaking with francine lacqua on the potential concerns of a trumpn. earlier today governor brian kemp, a republican from georgia, spoke about trump's win in iowa. gov. kemp: it was a strong win but bad weather and low turnout. we will see what happens in the next week. lisa: what are you looking to understand if trump 2.0 will be the same as 1.0? will this be a different type of presidency from everything that you've gathered? gov. kemp: you will have to ask him. i have said we need to be forward thinking when we tell people what we stand for, what we are going to do. we don't need to look in the rearview mirror and relitigate the 2020 election. lay it out for the american people what we are going to do for them to help fight the 40-year high joe biden inflation, disaster at the border, weakness we are seeing in the world and other things. that is what i have been urging the candidates to do and that would go for former as well. lisa: former president trump wants to relitigate 2020. it goes back to your state of georgia. he wants the district attorn

francine lacqua hosts panic on the global economic outlook.hear from singapore's president among others. this is bloomberg. ♪ hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom. shery: this is daybreak: asia. we are coming down to the major market opens. gains for wall street. we were looking at apple. nasdaq 100 reached a record high. treasuries were mixed. more resilient job numbers. haidi: we are still going back and forth as to the timing and frequency as to expectations from the rate cuts. that is driving sentiment across markets. shery: what that means will be a key question as

potentially trump in the white house and christine lagarde for one week talked about trump with francine lacquacine asked, i'm going to need coffee to talk about this and she ended saying, it is time for europe to go on the protect -- on the attack to prepare for a second trump term. jonathan: let's get to top stories. under surveillance, the race for the republican nomination down to. florida governor ron desantis ending his campaign for president and endorsing donald trump. trump now set to go head-to-head with nikki haley. it is the last remaining gop candidate. annmarie: this was supposed to be the place nikki haley could potentially break out. this cnn poll yesterday that dropped, he is at 50% new hampshire. the question becomes, if she does not come close to that or when new hampshire, windows nikki haley dropout? lisa: why does the market care? i keep wondering hi -- why people price this out. we heard from a whole host of executives was, we know what we are going to get from joe biden. the uncertainty is we do not know from donald trump. a lot of their trade policies are similar and the

. >> that was francine lacqua moderating the global outlook panel. this marks the end of the week long world economic forum and the meeting in davos. i'm dani burger. "surveillance" is next >> there is some reason for optimism, if you look at inflation around the world. >> if you emphasize the word landing more than soft, we have achieved it. >> we will see more volatility, but the trajectories are in place for lower rates, less inflation, but not on an even keel. >> i believe that the fed is going to take its time, especially without a recession. >> they are going to start lowering at some point. when they are ready. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. -- >> this is "bloomberg surveillance," live from the world economic forum in davos. jonathan: from -- they brought you back from the end of the day, and they writes erected me. scarlett: we have not done this at this hour -- and they have resurrected me. scarlett: we have not done this at this hour. manus: you look at the rate market. it has backed

you have an interview -- lisa: it was multiple times -- annmarie: it was multiple times with francine lacqua now it's with cnn. she goes back to these three issues. >> the euro right now negative by 0.06%. this is the distraction we are talking about. the inflation numbers out of the euro zone. lisa: which have been good. we saw french inflation coming down more than two years. german inflation, the cpi print at 8:00 a.m. eastern time. this overshadowed yesterday. everyone on the governing council agrees the next move is a cut. it's with the market is baking in prayed we will hear some more language from the federal reserve given the inflation data. >> let's get to the latest this morning. america cap tech earnings disappointing. microsoft reporting revenue growth of the fastest pace since 2022 yet investors want clarity on the future of ai. google reporting concerns over how much it could continue to keep up with ai competition. the chipmaker sliding in after weaker than expected revenue forecast as it struggles to keep up with nvidia and intel. we've done this a few times already. this is

>> she told francine lacqua that summer is going to be likely.ou're talking about the path of potential rate cuts in europe and what she might say about the u.s. president, she said it all. i'm not really sure what this news conference is going to be about. jonathan: christine lagarde volume three a little bit later on this morning. let's get you to price action on the equities. five-day winning streak on the s&p. yields are lower by a couple of basis points. lisa, you want to talk auctions? sloppy one yesterday. lisa: basically it came in and sold at a higher yield and it was trading before the auction happened. auctions matter because not only was this a sloppy auction but it determined the sort of risk off field --feel and the rest of the complex of equities. jonathan: i'm looking for tk to watch for this incorrectly. lisa: exactly. jonathan: he's not coming to correct is anytime soon. the u.s. equity market rally, tesla's disappointing quarter and brooke sutherland of bluebird opinion on the latest blow to boeing. we begin with a top story, t

francine: in this episode of "leaders with lacqua," i traveled to vegas where nancy pelosi was championing leaders. i asked her about the democrat'' chances at the presidential election, the biggest geopolitical threats, and what she has learned in more than 35 years in public office. francine: speaker pelosi, thank you so much for speaking to bloomberg. you are one of the most recognizable and also one of the most admired politicians out there. what did you learn in the last 40 years about leadership in politics? rep. pelosi: i learned a lot about leadership for a long time. observing it in others, recognizing what is needed to get the job done. and i always define it in this way, know your why, you have to know why you are doing this because you will be under attack. know what you're talking about. know how to get it done, think in a strategic way, and that is all up here and then also connect directly with people. if you can show them how important what you are advocating is so they trust your judgment and you have a plan, you will have followers, you will be a leader. francine: is it h

francine: in this episode of "leaders with lacqua," i spoke with robyn grew about diversity, purpose, and what the future holds in an ever-changing world. robyn grew, thank you so much for joining us on leaders. the world is strange. there are so many crises. it is difficult. to get a handle of what comes next. robyn: yes, that would be the shortest answer i could give, yes. if this year has taught us anything, it is that prediction is not her strongest suit, perhaps, and that is perhaps not just in relation to markets, but these big geopolitical events that we are still living with. francine: it is quite incredible to think we are in a better place. i feel like every six months, there is the doom and gloom, interest rates, we have to evaluate what happens next, and yet the economy holds. robyn: that's right. when we talk about higher for longer, which i still say out loud and cross my fingers in some way that may be i'm going to be entirely wrong, but higher for longer. i think one of the nuances in that message is what we are unlikely to see 0%. we are probably unlikely to see 2%. w

it us from davos is joachim, alongside francine lacqua. over to you. >> i am delighted to speak.ining us. a beautiful view, but let's get to business and talk about ration. has anything changed your view on when we could get cut? >> i think it is too early to talk about cuts. inflation is still high. nevertheless, what we expect for this year compared to last year, inflation will be half of the level of last year. this is good news. for me, all the discussions regarding inflation cuts comes too early. the markets, from time to time they are optimistic. sometimes they are overoptimistic. i have a different view. i want to see new data kicking in. >> if there is a mismatch between what you see the market sees, does it make it harder? does it impede the kind of work you are trying to do? >> it is about communication. explaining to the markets how we see the world. we addressed it several times. we want to wait for data and we decide from meeting to meeting. this is still my broad understanding. the numbers i saw are about 3%. this is information. this is something that markets shoul

francine: in this episode of "leaders with lacqua," i speak with patrice louvet, about the company's founder ralph lauren and his plans to take the company back to its roots. patrice louvet, thank you so much for joining us on bloomberg. patrice: very happy to be here. francine: do you have the best job in the world? patrice: pretty close. francine: because it is fun? what was the most surprising thing about your job since you first started? patrice: there are so many things. probably the thing that actually attracted me to this opportunity is the opportunity to work with ralph. right? this man is a visionary, incredible entrepreneur, has had amazing success around the world, and the opportunity to work with him and partner with him is really special, and i cherish it every day. francine: you have to get along because he is still such a figure. he has his name on the door. patrice: he does have his name on the door. francine: how much of it is his vision? patrice: it all starts with his vision. what is exciting is when you see where this company started, a tie. see what it has become

francine: my conversation with kyriakos mitsotakis, next on "leaders with lacqua." prime minister, you have a second mandate from the greek people. what is your intention on how that will unfold in the coming years? pm mitsotakis: first of all, i am very happy, very honored and very proud to be able to secure a second mandate. we actually got a higher share of the vote than we did in 2019, something that is unusual for incumbent governments in these difficult times. and i want to make sure that i use this strong mandate to drive forward an aggressive reform agenda and to make sure that greece makes up for the lost ground of the crisis and actually converges with europe at a very fast pace. so, a high growth rate is, for me, my number one priority. this will give us also the fiscal space to drive through important changes in health, in education, and other policies and areas i deeply care about. francine: you are very confident that you will get investment-grade. when you get investment-grade, what does that mean? what does that change in terms of possible extra inve