u. credit government? well politicians here in berlin and stressing more and more that this war hasn't just gone on for 8 months. it has in fact, gone on for 8 years. it started with the invasion of crimea. but of course, this phase, this current phase started in february. so this is something where we'll actually has repeatedly also said that we are going to have to prepare ourselves for a situation in which putin is going to try and basically destroy ukraine as a nation. and at that, nobody knows just how long he's going to be able to do that, and that everything needs to be done to help you crane defend its own sovereign territory. so this is something where we're not going to expect. we'll have chose to announce new arms deliveries to ukraine. germany has you mustn't forget delivered the 1st air defense system iris t to ukraine. that was a vital step because of course germany had also been criticized for being too reluctant, too slow, not delivering enough, but with this iris t now in use in ukraine, t

credit. busy the o u t. government's financial markets in difficult circumstances, always want to know that government a credible hisco strategy and have not been absent for some time. and the u. k. and the priority right, be established credibility, but financial markets by making sure that this strategy is clear and that you can find by sensible sets of the skill at rooms. that doesn't happen then of course, it is damaging. the higher interest rates that the government is having to pay, you know, on it's borrowing that's be reflected the cost of borrowing for high school and farms and mortgages. mortgage rates are going up not will impact on the cost of living. busy for many high souls and businesses will also come under pressure at the rely on credit and credit becoming more expensive. but the, the back tracking on the original task comp plans does seem to have steady the ship for now, doesn't it? and do you see the potential for this conservative government to eventually fix the economy? but tracking steady to ship to quite significant extent, there's still a positive job that needs to be done, wh

u-turn. the government scrapped its attempt to scrap the 45% tax rate. panic over credit suisse.redit default swaps dropped to new lows as the ceo tries to calm investors. there worry over pension funds in the u.k. ignite fears of a pension problem. s&p sees a strong relief rally. i'm alix steel with guy johnson in london. welcome to bloomberg markets. i spent part of the weekend talking about credit suisse, not the conversation i wanted to be having this weekend. guy: i have a different view of this. ira jersey will join us in a moment. the instability that we are getting comes from the center of the financial system, the treasury market. bond markets are all over the place. i speak from experience here in the u.k. when i say bond markets are all over the place. if i was going to look for risk right now, wondering where the unintended consequences come from there. we are getting some ice and menu fracturing data right now. recently i would argue u.s. data has been better than anticipated. ism, important, 50.9 is the headline number. prices paid number comes through, 51.7, down f

u. k. credit rating to negative. analysts say prime minister list trust is plans, tax cuts will cause a huge budget deficit. and also factoring and inflation. and the sinking poll numbers for the governing, conservative part no reality. tv star kim kardashian is certainly used to being in the headlines, but this time they're costing her money and a whole lot of it. she's been ordered to pay a $1300000.00 fine to the u. s. securities and exchange commission all for an instagram post. the stock is worth one point. $8000000000.00 had advertised a crypto currency called e max tokens, while failing to disco disclose when she got paid for it, she is not the only celebrity to be fine for pushing crypto back in 2020 actor steven seagal has to pay over $300000.00 for a similar stump promoting bitcoin to gen, digital assets. us box of floyd may weather and music produced a d. j colored also on this list in 2018. they were both fined for promoting investments and sentra, another crypto currency company. so for more on this rebates, it's a turn to that entertainment journalist k j matthews. in los angeles. great, are you on the program? k j? why are celebrities? i think it's a pleasure. what. why d

u-turn from the truss government on the higher level of tax. we will continue to watch what comes out of the tory party conference in birmingham. the cost of insuring credituisse's bonds against default jumped 15% last week, as shares of the bank hit a new record low. currently down almost 10% today. ulrich koerner says he needs 100 days to live ever -- deliver a new strategy. marion, get us up to what is happening with credit suisse. >> we had an unprecedented level of conversation over the weekend and speculation as to what will happen with credit suisse. elevated cvs spreads are not reassuring the market, but a lot of banks in europe have seen their cvs spreads wide and. it is not unique to credit suisse, but you have the overlay of issues they are dealing with and we are awaiting the strategic review later this month. francine: marion will continue reporting on this, and through her reporting, we found out the chief executive at the firm was a critical moment. still with us is wei li, chief investment strategist at blackrock. i don't know whether this is a critical moment for the bank, but whether there is something out there because of these perfect

credit, . it'sjust not enough. people who earn more should pay more tax, simple as. that's my mathematics, anyway. if there aren't further tax u—turns, pressure will be for cuts to public spending. if the governmentsing inflation, that could mean effectively an £18 billion cut in real terms to many already struggling services. perhaps tax credits and benefits won't be increased in line with inflation, but instead, the rises in wages. that is worth £5.5 billion a year, but difficult during a cost of living crisis. or long—term investment could be reduced, but that underpins the promise to level up. the new chancellor has decided to stop digging the hole created at the mini budget, but how to fill the one created in the public finances remains unclear. faisal islam, bbc news, in birmingham. more now from our political editor chris mason at the conservative party conference in birmingham. what is your view this evening of the standing of the government? well, what they are trying to do is wrestle back a sense of confidence and a sense that they are in control. that is why we are hearing tonight they are going to bring forward this announcement on how they are going to deal with government debt which

credit, . it'sjust not enough. people who earn more should pay more tax, simple as. that's my mathematics, anyway. if there aren't further tax u—turns, pressure will be for cuts to public spending. if the governmentin line with rising inflation, that could mean effectively an £18 billion cut in real terms to many already struggling services. perhaps tax credits and benefits won't be increased in line with inflation, but instead, the rises in wages. that is worth £5.5 billion a year, but difficult during a cost of living crisis. or long—term investment could be reduced, but that underpins the promise to level up. the new chancellor has decided to stop digging the hole created at the mini budget, but how to fill the one created in the public finances remains unclear. faisal islam, bbc news, in birmingham. now on bbc news, talking movies. hello from picturesque telluride high up in colorado's rocky mountains. in today's programme we witnessed the beginnings of this year �*s oscars race on us soil is seen through the movies that were shown at the telluride film festival. we also report on movies is seen here at telluride which were first shown at the venice film festival. remote telluride isn't easy

credit framework will fit for them to be able to receive it. when we got here on sunday the government was sticking to its plan, its timetable, we have had the u—turning on... this wasn't a media narrative, it was coming i a media narrative, it was coming from your own mp, conservative mps were bringing this up proactivity so were bringing this up proactivity if the were bringing this up proactivity 5r the prime were bringing this up proactivity 5;r the prime minister were bringing this up proactivity 5r the prime minister decided this was a distraction to what the bulk of the growth plan package is about, about that energy support package, importantly for me, a huge rocket boosting of infrastructure investment. programmes that are in the pipeline that have be going too slowly, the prime minister has charged me with making sure we push on with projects so we have space on the ground more quickly, we know infrastructure one of the drivers of economic growth, so everything this package is doing is pushing towards that, and i think, looking to ward as you say, the chancellor has decided to bring forward that, the wrap round of the panel, i think thati