kriti is in berlin.

join anna edwards, kriti gupta and guy johnson.omberg. ♪ people couldn't see my potential. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. >> good morning from london, this is a bloomberg "markets today."

kriti tula, really great to have you on the show. and kriti, let me start with this.ion uses 10,000 litres of fresh water. 70 million trees are cut every year for clothes making. fashion uses something like 3112 million barrels of oil every year, and nearly a quarter of all chemicals produced are used for the textile industry. so, kriti, the question is, is that how you came up with your idea? you looked at the industry numbers and you simply thought, there's got to be a better way? while i was working in export houses, i realised that there are factories and buildings full of factory wastages. these are fabrics that are wasted and discarded based on a number of defects that happen in various manual processes the fashion industry goes through. so ijust wanted to be able to put all of this fabric to better use. understanding the material, the fabric, the reason for wastages, the impact of the fashion industry, what goes into making these materials was something that i, you know, got into learning about much later. and all that fabric that is wasted, where do you get yo

kriti: we may see further opposition so this is not a done deal. you can see how it sets the tone not just for what's happening in the states and the election. as banks have less capital buffer they can dylan moore and there's more liquidity in the market with various ripple effects. so you are looking a two fed appointed officials who are known as republican nominees who are still saying, look, this is a positive. this is a boon for the economy. it's not just the american economy but the european one as well. look at the precedent it's set, this idea that if the u.s. banks don't have to hold onto these reserve ratios, their reserve ratios are coming down. the europeans having to hold more would only set them behind. that's one narrative the market is pushing. tom: of the read across that that's interesting -- that's interesting in terms of the read across. kriti gupta on that. here's what else to be thinking about today. we will get a number of speakers from the european central bank on inflation data from a number of major economies across the eu

kriti: this is mixed.is narrative of a safe havens story that is shaded with the states. if you have that tara frederick, you just buy the dollar immediately off the back of it, on the other hand, the bond market will be reacting different. they are keeping their eye on the budget story and in patient but even immigration and tariffs takes a while for that show up on the economic data. therefore, for the federal reserve to react later on. that is likely to have more of a temporary effect but the dollar positioning i would keep an eye on especially with any hint on the deficit story, or member, january 20 55,, weber is the next president this the first thing they have to address after they are inaugurated. tom: fantastic set up ahead of that presidential debate. the first one of this electoral cycle as we count down to november. from the politics of the u.s. to the politics of the european union, where leaders are meeting, as they ramp up a deal on the bloc's top jobs after failing to reach agreement last w

surprised. even what i hear from my colleagues in the parliament that someone there, you know, so with kritis critical of the holding of the summit, with all due respect i see no reason to rejoice here if something goes wrong, and i would very much like it to become a success story, but it seems to me that we should not expect any quick or very loud results, well, this is impossible, because the result of our war. now it is decided not at the summits, on the battlefield, and this is the only bitter truth, but in any case it is good that ukraine in this regard, well, let's say, what is called in martial arts, has mastered this initiative and conducts such, i hope that it will only intensify in future summits, i do not know how many countries will be there, i especially do not know how many countries will be represented at the level of leaders, it seems to me... that unfortunately, due to the lack of key people there so far, yes, god forbid there will be good news, many leaders have reduced their representation, let's say, summits, but in any case, well , again, it's good that ukraine is holdi

. -- kriti gupta. does jerome powell leave the door open for one more rate cut?ent inflation

. >> good morning, i'm anna edwards alongside kriti the and guy johnson.

i am guy johnson alongside kriti gupta and tom mackenzie. europe. what do you need to know? it is a big day. will a strengthening swiss franc give the s&p cause to deliver --