he is the global head of equities that schroders.hi sunak's spending review live on bloomberg at 12:30 p.m. u.k. time. coming up, missed connection. south africa's finance minister once again questions his own bailout of the country's own troubled state owned airline. this is bloomberg. ♪ ♪ annmarie: good morning. this is "bloomberg daybreak: europe." i am annmarie hordern in london. a quick glance at what is coming up today. the ecb publishes its financial stability review, giving us a readout on the mountain of corporate debt wrought on by the pandemic. in the united kingdom, chancellor rishi sunak will unveil the government's spending plan for the next year, including a 4.3 billion pounds to help get the unemployed back to work. over in the states, a day packed with economic data, including a second reading of third-quarter gdp. let's carry on with the airlines team this morning. we have been talking about south africa's finance minister questioning the need for the state ownedoubled carrier. it has not flown a commercial flight s

the issue is whether there is credible evidence of either an irregularity, schröder of sufficient magnitudeto change the results of the election. so the fact that you come up with 2 or 3 people who say something didn't look right, doesn't mean that the election is going to be overturned. if that were the case, we'd never have anybody like he's saying what you're saying, partly because the margins a so different this time till what they were in 2000 when you won for george w. bush against al gore. well, they were good, big differences. that's one that margin in pennsylvania was over 46000 votes, so you would have to be able to walk into court with credible evidence that there were well in 46000 ballots at the validity in which are in question. i haven't even seen anybody come in with 100 pieces of evidence of a fraud or regularity. a 2nd in 2000, the problem was one that everybody acknowledged it was a effectively is on the ballot. and there were many, many thousands of doubts that had been rejected by the other readers. and a difference was only 537 votes. so that was a big difference from

the issue is whether there is credible evidence of either an irregularity, schröder of sufficient magnitudeto change the results of the election. so the fact that you come up with 2 or 3 people who say something and look right now doesn't mean that the election is going to be overturned. if that were the case, we'd never have anybody like he's saying what you're saying. partly because the margins a so different this time till what they were in 2000 when you won for george w. bush against al gore. well, they were jute big differences. that's one that margin in pennsylvania was over $46000.00 votes, so you would have to be able to walk into court with credible evidence that there were well in 46000 ballots. the validity in which part in question i haven't even seen anybody come in with a 100 pieces of evidence of a flaw regularity a 2nd in 2000, the problem was one that everybody acknowledged. it was a expect that leave you signed a ballot, and there were many, many thousands of doubts that had been rejected by the other readers. and a difference was only 537 votes, so that was a big differen

the issue is whether there is credible evidence of either an irregularity, schröder of sufficient magnitudeto change the results of the election. so the fact that you've come up with 2 or 3 people who say stop and look right, doesn't mean that the election is going to be overturned, of that were the case. we'd never have anybody like that. he's saying what you're saying, partly because the margins are so different this time to what they were in 2000 when you won for george w. bush against al gore. well, they were good, big differences that won that margin in france alone, you know, was over 46000 votes. so you would have to be able to walk into court with credible evidence that there were 46000 ballots. allouni in which russia i haven't even seen anybody running with a 100 pieces a little bit and regularity. a 2nd in 2000, the problem was one note, everybody, you know, our expectantly was lined ballot, and there were many, many thousands of doubts that had been rejected by the other readers. and the difference was only 537 votes. so that was a big difference from what we're doing when we're

fellow scheme announced by the chancellor. joining now is azad zagana, senior european economist at schrodersd the concerns of some people about where exactly this extended fellow is going? yes, it is supporting wages, but business owners are saying there are other financial demands that they have to meet which they are simply not able to? absolutely. there are a number of areas where the various now support schemes which have been unveiled by the chancellor failed to support different sectors, different types of people in different types of roles and with different employment status. we have seen the largest share of thejob status. we have seen the largest share of the job losses we have seen so far since march have been for part—time and so far since march have been for pa rt—time and self—employed so far since march have been for part—time and self—employed people. this scheme and the new schemes that we re this scheme and the new schemes that were unveiled don't support these. what else could the chancellor have done with this money that he is putting into furlough through to the end of m

. >> reporter: in his closing statement, jeff schroder hoped he could convince at least one juror thatthere was reasonable doubt. >> what evidence of that kind in this case do you have to demonstrate to you that venus stewart is dead? >> reporter: so what about all those purchases at walmart? doug stewart seen walking the aisles in loud, floral shorts? they asked rhetorically would a man about to commit a murder be so dumb as to call that kind of attention to himself? >> is he trying to hide things? he's wearing hawaiian shorts asking people where things are. does that sound like somebody who's going to use it in a crime? >> reporter: and he bought a shovel, the defense attorney noted. so what? >> what evidence have they shown you that a shovel was used in the killing of venus stewart? they haven't. >> reporter: schroeder summed it up for the jury. he claimed the prosecutor had an illusion of evidence, a circumstantial case woven together with ricky spencer's tall tale. >> they've tried to make you think they have all this evidence, but they don't. and they haven't proved their case. y

in the meantime, we're following this, silver spoons actor ricky schroder is defending his decision tos for his bond and legal defense as he awaits murder charges. schroeder saying, quote: it made meed mad, this boy is innocent, and he will be proven innocent. i did what any father should have done and that's get a kid out of jail that doesn't deserve to be there. >>> and in other news, a california church is asking the supreme court to block governor gavin newsom's covid-19 restrictions, gatherings are banned for worship for 94% of the state. the pastor joined us earlier to make his case. >> during the covid-19 when people are depressed, the suicide rates are off the charts, domestic violence is increasing, people need spiritual encouragement. jillian: meanwhile, another california pastor makes a mockery of the restrictions, briefly turning a chapel into a strip club. the move comes after a judge allows a strip club to reopen but not houses of worship. he jokingly removed his tie which apparently then made it legal to hold services. that is a look at your headlines. brian: all right.

keith wade is a chief economist at global investment manager schroders. hejoins me now.ine. we have not seen markets respond like this for some time to anything. it is very positive and the vaccine is the key toa positive and the vaccine is the key to a much stronger recovery. the parts of the economy that are really struggling our services sector. the ones that have been most affected by new restrictions like social distancing, so we can see the market reacting to that very rapidly, and it is very encouraging because parts of our economy are a big part of our overall gdp growth. i would caution that it overall gdp growth. i would caution thatitis overall gdp growth. i would caution that it is going to take some time to roll out this vaccine and get it distributed. and the other thing is that a lot of people will probably still be quite cautious even when the vaccine has been rolled out, because the experience of past pandemics is that it very often ta kes a pandemics is that it very often takes a long time for people to readjust their behaviour back to how it was before