u.k. time. here is what else we have today, 5:00 p.m. u.k. time, the deadline hits.hp, anglo, that offer, revised offer, going through a significant plan, deadline set by regulators happens when it comes to mergers and the deadline is 5 p.m. u.k. time. will they come through with another offer? we watch the story. 7:00 p.m., we get the fed minutes. consensus is higher for longer but minutes will add color to the picture. then on the earnings front it is gravitational pull of nvidia and also covering that story in all of its depth. you can get a roundup to get your day going in daybreak. subscribers can go to d.a. why bigo on the terminal. coming up, the u.s. softened its earlier resistance to a broad israeli military operation. we discuss what that means for the ongoing conflict. more on that next, this bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. the u.s. softened resistance to a broad military operation by israel. the u.s. official said israel incorporated humanitarian concerns into their plans. joining me is bloomberg horizons anchor. tell us the

u.k. time.lus goldman sachs ceo david solomon joins us or a conversation as he takes part in the choose france summit at 3:30 a.m. u.k. time. this is bloomberg. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. tom: u.s. secretary of state antony blinken says israel risks fueling insurgency in gaza, the latest warning in escalation of concern about israel's conduct. >> israel is on the trajectory to inherit insurgency or leave a vacuum filled by chaos and refilled by hamas. >> let's get more on this with sam dagger, our government reporter out of dubai. what you make of these comments? around the risks of insurgency? sam: prophetic. as he was speaking we have reports from the

u.k. budget -- budget in the state it's in? john: there doesn't appear to have been much of it, but i'm not sure if that is the fault of rishi sunak, jeremy hunt, or anyone else. the situation is not easy. i suspect one of the reasons they might be deciding to go in july, rather than waiting until the fall, was that there had been a hope that the budget would have improved enough that you could have had some kind of giveaway in the autumn. that is looking less plausible. if the treasury had said look, there's no way that we can sugarcoat the economy later in the year, the calculus shifts towards going now. picking up on what bobby was saying, if you want an analogy, the problem is that when it comes to economic problems, economic embarrassment, electors have a very long memory. now, the liz truss imbroglio was still two years ago and was as bad as it gets in terms of an awful unforced economic crisis. the most similar thing i can think of to that was black wednesday, 1992, 4.5 years before

when u.k. politicians talk about the u.k.ng at the forefront of technology, companies like wayve come to mind. it's a massive raise. presumably it gives you a lot of runway. in terms of the deployment of this capital around this fascinating company, does it go on -- you build out your own models. i know how intensive that is in terms of cost. the infrastructure. how much of the funding goes towards infrastructure, how much towards the build out of the business? >> it is super exciting for us as a team because it gives us the capability to invest further in the spaces. we've been building for seven years now. being able to turn it into a product for the automotive industry. we will be investing further in increasing the data to be able to train ai. the scale of ambition goes beyond what we've seen from large language models today. we have to train an ai that we trust to physically interact with us in the world. turning it into broad affiliate building architecture to make this a winning and trusted solution. tom: trust is impo

and the u.k.estern governments now are under a lot of scrutiny, and this is another one of those cases that has animated the human rights community, and rightly so. sometimes it looks like there is a double standard being applied. so, i think in an election year, it would be great if this could be resolved. assange mr. is a human rights defender. he has stood up for human rights and the provisional war crimes, etc. so i think time would be better spent on other matters of international affairs. christian: alice edwards, thank you for coming on the program. we're going to take a short break. on the other side of the break we're going to focus the blood announcer: funding for presentation of this program is provided by... financial services firm, raymond james. cunard is a proud supporter of public television. announcer: funding was also provided by, the freeman foundation. and by judy and peter blum kovler foundation, pursuing solutions for america's neglected needs. ♪ ♪ ♪ ♪ announcer: get the free

lizzy: just how attractive are u.k.en the bank of england sounds more dovish than before? but is it as dovish then as the ecb? is it more dovish in your mind? sunaina: i think the question is, of course, there is the rate differential argument between fed versus bank of england and ecb. beyond that, remember, you've had a pounding on the ftse over the last year and a half because of the lack of depth in the markets, which has pushed down relative valuations. versus ecb, i think it is six of one and half a dozen of the other, the others will pick their spots in indices and company by company basis. on a relative basis, but markets look relatively cheaper than a lot out there. lizzy: given raymond james is one of the world's largest private wealth advisors, another long-term question. just how much more of the money do expect to be allocated in private equity by the end of the decade? sunaina: we are seeing a secular, once in a generation move from a high net worth and ultra high net worth individuals into alternatives at

around the world and here in the u.k., this is bbc news. for our u.k.ho are still with us, it's have a look at some of the headlines. john sweeney will become scotland's seventh first minister after being nominated by parliament. the snp leader succeeds youssef resigned today. there have been no trains on some of the busiest commuter routes in the country due to strikes by train drivers. disruption is expected to continue throughout the week. tomorrow it is a different set of operators which will be affected. among them, avanti west coast and great western. it has been revealed prince harry will not meet the king during his visits to the u.k. this week. a spokesman for the duke of sussex had a meeting between father and son was not possible because of the king's busy schedule. harry is in london to celebrate the 10th anniversary of the invictus games games which he set up to rehabilitate wounded or sick service personnel. you are watching bbc news. the white house said this afternoon at is hopeful israel and hamas can close the remaining gaps on a cease

none :00 u.k. time. today, hsbc with a focus on what they will do and the decision around so bonus cap. with a aligned with u.k. government policy? goldman sachs has gone in that direction. coming up, oil set for the biggest weekly drop since february. signs of easing geopolitical risks in the middle east. all the details across the oil space, next. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. happy friday. earnings have missed estimates as a plunge in profits dragged on performance. unit had become a major profit engine in recent years for the australian firm. the contribution fell 47% on the prior year as energy shocks from wars in ukraine and the middle east subsided. gazprom group has posted its first annual loss since 1999, driven by falling shipments to europe and lower gas prices. the russian state-controlled gas giant reported a loss of 6.8 billion u.s. dollars. gas flows to europe have been restricted among the retaliation for western support of ukraine after russia's in

it is a u.k. bank holiday.e major equity futures are seeing openings slightly in the red so the euro stoxx 50 future seeing about 10 basis points lower, ftse 100, about .3% weaker as we head into what could be quite a crucial week for market direction. friday, the big event with that pce number coming through from the u.s. as for asian markets, it is a slightly different type of sentiment this morning. we are seeing the msci is trade in the green after a week of losses last week, about .2% higher in trading today. the chinese indices brushing off some of the commentary coming out of the meeting, trading in the green this morning as well and the nikkei up 5%, this on the back of comments from the bank of japan governor suggesting that they can proceed cautiously with rate hikes. as for other assets that we are following this morning as well, let's take a look at some of those currency pairings. here are trading sideways. the pound trading at -- both of them are up 1% in the last month. gold also seeing a bit of

and the impact on u.k.ssets for now, this is bloomberg technology. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh caroline: politics news out of the united kingdom. rishi sunak likely to call an election for as soon as july as been reported by the guardian. we know this been plenty of rumors accentuated by the inflation report that came out of the u.k. today which showed even though it's higher than the market anticipated inflation is slowing to where the bank of england's key rate of 2% level target is. this is notable because there's been much frustration in the way in which rishi sunak, a prime minister the u.k. has been able to inject or not the economic recovery into over the u.k.. the alternative party in the u.k. leads by many points in terms of how perhaps voters will lead. i don't want to accelerate to the polls. >> july would be sooner than the sort of general wisdom which it was the prime minister would w

in the u.k.een warning it risks falling behind with its success stories choosing to list abroad. one company considering an ipo is a british by now, pay later platform. head of the election or on july the fourth, i'm june but -- joined by the ceo and cofounder. you are working on making the u.k. a bigger hub for financial innovation. you are part of innovate finances unicorn counsel. i wonder whatever government we have next, whatever color they are, what do they need to do to make it more attractive? >> was interesting is is i think it's about five weeks to the day we are all going to discover who's in the sea. it doesn't matter who that is, they are going to inherit a trillion dollar technology sector. that's the third largest on the planet. a major part of that is fintech. companies are going to be critical to the growth of the economy moving forward and we need to see whoever's in the seat leaning into businesses making sure they can continue to grow and thrive in the u.k. and ensuring ultima

u.k. losses across the ftse 100. s&p futures looking to modest gains after losses of yesterday. nvidia was the bright spot yesterday across the u.s. equity space with gains around 9%. let's have a look cross asset. you did see a little bit of a sell of coming through at the front end, yields on the two year at 4.92. markets price of the first cut now in december, fairly priced versus november. founded focus on the back of the consumer confidence story, 1.26 on the pound, and ether in focus. 3803, getting closer to approving spot etf's, and brent trading at $81 per barrel. let's cross over to singapore where avril hong is standing by with a deep dive on asian markets. avril: we are seeing a lot of risk aversion, it is a doubts of rate because hitting asian equities in currencies as well. the gauge of stocks headed for its first weekly decline in five weeks, the korean won among those getting hit the hardest. hang seng leading declines, nikkei not doing much better. not helping sentiment, th

tom: our u.k. correspondent who will speak with that u.k.w secretary of state for trade, so do tonight and for that interview. there is looking more coming up including that conversation. we continue to preview the inflation data out of the u.s. a big one in terms of how that could change and shape the views of the federal reserve. stay with us. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. tom: welcome back to "bloomberg daybreak europe." happy tuesday. let's check in, we will give you a preview of the pce indicator. the index is coming out later this week. we know it is the fed's preferred gauge, their favorite model in terms of how they think about the evolution of inflation in the u.s. momentum expected to stay well above that 2% handle my year on year expected to come in at 2.7 percent, this is the personal consumption expe

u.k. prime minister rishi sunak's surprise call for a july 4 election sets up his conservative already for a six-week battle to stop the labour party opposition from taking power. >> now is the moment for britain to choose its future, to decide whether we want to build on the progress we have made or risk going back to square one with no plan and no certainty. earlier today i spoke with his majesty the king to request the dissolution of parliament. the king has granted this request, and we will have a general election on july 4. tom: i am joined by lizzy burden who is on the ground at downing street yesterday for the surprise announcement. i guess the question will be why choosing july the fourth? why has he come through the summer election? >> why on earth would you call an election when people are on their summer holidays? rishi sunak is diminishing put a pen and all that speculation of her when this election is going to be and to will lead? it is fair to say he surprised most people in

the u.k. as well. again, bank of england may cut interest rates in june, but the pace of cuts this year could be relatively slow and the bond market may have overdone it in terms of expecting three or four rate cuts. that's definitely a major risk fraid then there is treasuries, where how many times have we priced in a whole series of rate cuts, and we haven't even had the first one yet? we will get the june fomc where most likely the dot plots will have to change possibly to just one rate cut. wherever you look in the g10 space, there is a risk of too much exuberance as far as investors are concerned. tom: is there too much exuberance when it comes to equity markets? further gains today, a solid week last week, nvidia with earnings later on wednesday, how significant is goldman sachs describes this company is the most important in the world, what's your take on how significant nvidia will be? >> it is hard to argue that. there are very few single companies in the globe who can influence the macro mark

the u.k. will now follow suit, what could --won't it? >> the u.k.ent doesn't directly shipped arms to israel. when it comes to the situation in rafah, i have been very clear that we are deeply concerned about a full military incursion of rafah given the devastating humanitarian impact. i have made that position and points specifically to prime minister netanyahu whenever we have spoken and will continue to urge all sides to focus on negotiations at hand to bring about a pause in the conflict to release hostages and get more aid in. christian: rishi sunak speaking earlier with the senior fellow at the atlanta council in washington, d.c., previously served in the israel defense forces. good to have you with us. these were 2500-pound bombs. for those of us who aren't familiar with munitions, what would they normally be used for, and what does the israeli inventory look like if they are not being supplied? guest: first of all, how had several months to surrender, to release hostages, and to prevent suffering from the people of god as that country would

robyn: you are talking to a u.k. have been listed ceo. so i could not be more interested in u.k. plc. i think we have held such an extraordinary position in financial markets and generally, so anything we can do to keep that shine i think is important. but competition is high. in the way that we shouldn't come in firms, sit on our hands and that all of our history is going to count for long if we don't keep running. i am a great believer that we drive and continue to drive u.k. plc. there is such a lot of innovation and creativity and growth. it is such a lot of expertise that sits in these small shores. so anything we can do to keep that alive and keep it at its top game, i am all for a. but we operate as a global organization and i'm going to go where there is strong capability to invest, where the markets are deeper, where the clients need us to be and where we can find opportunity. but i am a u.k.-listed ceo who can't help but want this to be great. francine: up next, being a female leader in an industry traditionally dominated by men. francine: i am hopeful we are going to s

the u.k. will now follow suit. won't it? >> the u.k. government doesn't directly provide arms or ship arms to israel. and when it comes to the situation in rafah, i've been very clear that we are deeply concerned about a full military incursion of rafah, given the devastating humanitarian impact. i've made that position and point specifically to prime minister netanyahu whenever we've spoken and will continue to urge all sides to focus on the negotiations at hand, to bring about a pause in the conflict, to release hostages and get more aid in. >> mr. speaker, let's be clear. the confidence that israel has shown in its military ambitions in rafah stems from the silence which has been shown from its allies on the front benches in this place and indeed elsewhere across the world. now, we know, we all know that u.k. arms and tech is supporting israel's activities in gaza and will be used in any attack on rafah. knowing that and the devastation which is going to occur, surely the time has come to end our complicity and to halt our own sales

u.k. time on markets today. stay tuned for that. on the earnings run over in italy, unicredit coming in top line. this is the redhead from the top lender up 40%. the redhead first quarter net income coming with a beat for unicredit. 2.56 billion euros versus the estimates of 2.1 billion euros. decent beat coming through. we look for lines on net interest income. 2.5 6 billion is the top line in terms of net income. net interest income and i i also coming in with a beat. 3.5 8 billion above the estimates of three point five one billion. modest feet in terms of net interest income. they are seeing in terms of the first quarter net fees and commission coming in above the estimates, just above two billion in terms of force critter revenue above the estimates, six point 4 billion. shy of 6.4 billion euros. when you listen in on the call for unicredit. the outlook for net interest will be key. this is a market, this is a bank up 40% year to date. goldman sachs expects 9 billion euros for this le

u.k. time and u.k. wages and the jobs picture in terms of unemployment. that crossing for the u.k., does it build on a dovish pivot from the bank of england? and underscore expectations that may be the boe can go into? european futures flat, u.k. ftse 100 lobe or zero point 2%, losses of 18 points. iron softer, the impact on mining's. a flat session, flat close to the day yesterday for u.s. stock. nasdaq eking out gains of 0.2%. losses on the nasdaq 24 points down, 0.1 percent. producer prices from the u.s. later today, -- i head of the cpi print. let's focus on the u.s. 10 year to kick things off. the benchmark, a bit of a holding pattern you would expect until the inflation print starts to build out and the story is rounded out. tuesday u.s. time and with the cpi wednesday. currently 4.48. euro-dollar one .07, brent $83 per barrel, up 0.1 percent. iron ore down by 1.7% with new concerns about real estate in china. iron ore down 1.7%. big day in terms of earnings with tencent and alibaba. avril: markets in the asia-pacific are in wait and see mode. you g

elections as i have u.k.ns, i can tell you the big difference is campaigns here are much shorter and in many ways more brutal. it the campaign -- but the campaign in the next five weeks, american political scientist said there are three elections, we are on the right track, the devil you know, and we need change. and with rishi sunak, i think they are saying the devil you know. but the labour party will repeat daily is that after 14 years of conservatives, do you feel better off or do you think it is time for a change. >> given the fact that the conservatives are trailing in the polls, what do they have to do to make up the gap in the coming weeks? reporter: pray for a political miracle. [laughter] if you dig into the opinion polls they suggest sunak and the conservative party are very unpopular, there is a very high dissatisfaction level with the way the party is performing. similar questions are asked by american posters, do you think the country is on the right track, and the figures are shocking. they sug

it is day one of the u.k. election campaign after british prime minister rishi sunak all day snap vote for july 4. -- called a snap vote for july 4. mr. sunak attending events in england, wales, and scotland today. the conservative leader said only his party offers security and economic stability. the leader of the opposition labor party says voters have a choice between what he called continuing decline and chaos under the governing conservatives or rebuilding the country under his party. mr. sunak's party has been in power more than 20 years, and opinion polls put it 20 points behind labour. correspondent: calling and election now, quite a few of his own mp's are not convinced by the timing, and he has a huge pull deficit to overcome. >> i want to build a country where you all can have restored confidence and pride in our communities, in our society, and our nation. correspondent: earlier he promised to deportation flights to rwanda. now he says it will happen if he is elected. >> we have already started det

here in the u.k.abour party leader is determined to cancel tory claims that his party and shadow chancellor would increase further to -- further chances on britain's banks if it wins power at the general election. bloomberg understands labor is not looking to either impose on banks or increase the surcharge on banking company profits. bhp have until 5:00 p.m. today for a final takeover bid for anglo american, but will the mining giants iron out a final deal? more on that next. this is bloomberg. ♪ >> is a change in mindset which puts competitiveness first. europe has had many years and all of anything else but competitiveness had priority, now we have a very detailed micromanagement of almost everything that omicron correctly address this issue yesterday saying we are competing when there are no rules involved for many areas. i think they have to revise the economic policy and has to reconsider its regulation and be more competitive. >> how can remake the capital markets union an interesting topic for

volodymyr zelenskyy urged cameron to expedite the delivery of u.k.itary aid, including armed vehicles and missiles to slow russia's advance in eastern ukraine. are you can correspondent -- our ukraine correspondent has this report. correspondent: ukraine has always needed western help to carry out its fight, but what is interesting about lord cameron's comments, he is clearly in a hawkish mood during his visit to kyiv. he said ukraine has the right to hit targets inside russia -- the u.k. has the right to hit targets inside -- ukraine has the right to hit targets inside russia with missiles the u.k. provides. that is not a view shared with western allies. it is a condition that ukraine does not hit inside russia. why? with ukraine hitting energy infrastructure inside russia, there are fears of energy prices rising. also, the west has always been fearful or weary of an escalation in some way you just have to watch russian state tv to see how they point out or allude to the fact that they've got a sizable arsenal of nuclear weapons. the west tries to k

we will start here in the u.k.gning is in full swing as we head toward that july 4 election day. also tonight, and the last few minutes, polls have closed in south africa. we will be live in the capital of for the reaction as we await those results. we are also live in mexico near the u.s. border. it's election day in mexico on sunday, and immigration is set to be a big issue for voters. of course, an election in the u.s. this year. but before all of that, all eyes remain on donald trump. the jury has begun deliberations in his hush money trial in new york. whatever happens, it will have huge ramifications on november's vote. we begin tonight with the latest from the campaign trail here in the u.k. labour have been attempting to focus its efforts on the nhs with plans for hospitals to do more, and use the private sector to tackle the nhs waiting list. but the attention has also been firmly on the parties handling of diane albert, still confusion over whether the long serving labour mp can or cannot stand in the gen

that data out on friday out of the u.k. china's xi jinping touches down in paris for his first eu trip in five years. we look at what he is aiming to achieve. this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak europe." chinese president xi jinping is in paris as he kicks off a three nation trip to europe, his first visit in five years is aimed at stabilizing ties in the face of mounting trade tensions. let's get more from caroline connan standing by in paris. what does the french president hope to achieve? >> for president emmanuel macron, it is clearly a charm offensive today and tomorrow in paris, and the southwest of france. last year, remember, macron also went to china for a state visit. that was seen as a way to counter the u.s. on the international stage. it is macron's turn to be the same. there will be the official part of the trip with a military parade today and a state dinner at the elysees palace. last year xi took macron to the province where his father used to be the ceremony of tea, there will be

around the world and across the u.k., this is bbc news. for our u.k.let's take a look at the headlines today. cases of melanoma skin cancer are at an all-time high in the u.k. with more than 20,000 people expected to be diagnosed this year. the chair to cancer research u.k. is more new people to do more to protect themselves from the sun. they say there's been a particularly big increase in cases among older people. a woman who was stabbed to death on borman beach friday night has been named locally as amy gray. another woman remains in hospital with serious injuries. police are still at the scene of the stabbings and a section of the beachfront remains cordoned off. the raf has grounded the battle of britain memorial flights following the death of one of its pilots in a crash on saturday. the squadron leader mark long was flying the raf aircraft when it came down. a formal investigation is carried out. as you were hearing from adam, labour has today ridiculed the plan to reintroduce nation service. they claim it would require a 300% expansion in the m

and i think the u.k.ctant to diverge too much from other major central banks, keeping in mind the history of all the criticism and the ongoing attention around rate hikes coming into 2022. tom: ceo of the center for economics and business research. if very much. china's top climate chief says western decoupling from beijing could cost the world trillions of dollars in impact the energy transition. they spoke exclusively with our chief north asian correspondent, stephen engle. >> if the western countries continue to insist to decouple from the china products from clean energy, it will cost the world may be an additional 6 trillion u.s. dollars with an increase of lower cost. we need to maintain the low costs, otherwise, nobody will afford the energy transition process. >> -- stephen: officials claim china is giving unfair subsidies and that has led to the situation we are in now that could destroy global trade in these clean products. how do you respond? >> the post u.s. economy, we talk with them. all the

u.k. time. a fourth straight day of gains across the s&p yesterday but it was broadly soggy, you broke above 5200, but then you posted a gain of about 10% for the s&p, four straight days of gains for u.s. stocks but this market is looking for additional catalysts and you see the read-across to asia, the downside coming through, stronger dollar trade the auction well absorbed by markets trade european markets looking at losses of about 0.1%. the earnings story continues to filter through. we will see how that changes as we lead up to the open. ftse 100 looking to gains of a little under 0.1%. ftse futures looking to break back above the 5200 level trade let's briefly check in on the u.s. dollar. we will do a deep dive on the japanese yen in a minute. a challenge once again in terms of the emfx space. 4.83, two-year, brent $82 a barrel, down 0.6%. we keep an eye on the stockpile buildout in the u.s. and geopolitics. $82 a barrel on brent, gold at 2318, a little puff for the yellow metal. let

around the world and across the u.k., this is bbc news. ♪ >> today, the u.k.shut up shop for the next few weeks as campaigning for the upcoming general election continues. we will have more on that in a moment. let's take a look at one of the laws that was set to go through before parliament was suspended. hundreds of sub-postmasters who were wrongly accused of stealing when a faulty computer system was infected blame are set to have their convictions quashed by parliament. all of this as the former post office boss appeared before the public inquiry to look into what went wrong. lawyers are some those wrongly accused say that she lived in lala land and was in a cloud of denial. with more, here is emma simpson. >> celebration three years ago as the first wrongful convictions are overturned in court. now hundreds more former sub-postmasters are having their names cleared today. lee williamson on the right was given a suspended sentence for fraud in 2014, which is now being quashed, sooner than he expected. >> there is always been delay or frustration to delay t

coming up, u.k.me minister rishi sunak faces another major test, as england prepare for local elections. we are going to have a preview, next. this is bloomberg. ♪ >> good morning. this is bloomberg daybreak: europe. i am tom mackenzie in london. these are the story doesn't your agenda. stocks pressured after a sharp selloff on wall street as markets braced for huck's pivot from power. big markets are set for may 1 they holidays. shares in the e-commerce giant jump after strong cloud unit sales on rising add demand. plus, cost cutting continues. elon musk reacts as automakers are tapping into the network of fast charges. let's check in on these markets where there is context. the u.k. will be open as usual. the markets and the moves, they were pretty pronounced. ftse 100 futures flat. s&p futures pointing to the losses of a 10th of a percent. they dropped 1.6% yesterday. the same since january. 70,512 despite the good news that came from amazon. and the fact that add demand and drive is there. u.s. t

u.k.inister rishi sunak said this first delivery of aid via the pier was, and his words, the culmination of a herculean joint international effort. from jerusalem, our correspondent lucy williamson. correspondent: itzhak gelerenter , shani louk, and amit buskila, three israeli hostages killed at the supernova music festival on 7 october. their bodies brought back home this week by israeli forces. >> according to the credible information we have gathered, shani louk, amit buskila and itzhak gelerenter were murdered by hamas when escaping the nova music festival on october 7, and their bodies were taken into gaza. correspondent: israel's army is fighting in areas to the south and center of gaza, and jabalia to the north, where it says it found this hamas arsenal with its stockpile of heavy weapons. this hamas video released today, weeks after israel said the area was cleared. in the south, aid took gaza has been largely blocked by israel's operation in rafah. the u.n. says half a million peo

around the world and across the u.k., you are watching bbc news. for our u.k.let's take a look at other stories today. detectives investigating the finances and funding of the snp have sent a report of their findings to scotland's prosecution service. the report has been savinykh to the crown office four weeks after the former chief executive peter morel was charged with embezzling s and p funds. a 10-year-old girl who died in mudslide well on a school trip is described by her family as a happy bubbly girl. we are hairless -- leah harrison from darlington died after heavy rain on the edge of the north york moors on wednesday. the final report into the grenfell tower fire is to be published on september the fourth. 72 people died in the fire seven years ago next month. investigation showed inflammable clotting and insulation played a part in the rapid spread of the fire. 19 organizations are under police investigation. so as we were discussing just before the break, the commons house tonight past the post office offenses bill. legislation. will get w.a.r. real a

nations to get the latest from all corners of the u.k.t the election campaign. earlier in the week, we heard from a number of u.k. regional editors. yesterday, we were in wales. tomorrow, we will hear from northern ireland. tonight, let's go straight to scotland. 57 seats up for grabs before parliament was dissolved overnight. the s&p, scottish national party, was the biggest party in scotland with 43 seats. nservatives, labor, and liberal democrats held just 14 seats combined. after a number -- number of scandals and leadership changes, the contest in scotland is tipped to be much closer. to discuss this in more detail, i'm joined by brian taylor, political commentator and columnist for the herald. i was looking at some of the polls from scotland so far. looking as though labor is going to have a much better time and it will not look good for the s&p. it is just one that i have seen. >> have been a number suggesting that. there was a time in -- not so long ago, a few decades ago, where they used to weigh the labor vote rather than count

click stuck into a u.k. listed ceo. i cannot be more interested in u.k. plc.n extreme position and markets. anything we can do to keep that shy and i think it's important. the competition is high and we shouldn't, in the way that we should do in our firms, sit on our hands and think that our history will count for longer if we don't keep running. so i am a great believer that we drive and continue to drive u.k. plc. there is such a lot of innovation and creativity and growth period. there is such a lot of expertise that sits here. anything we can do to keep that alive and keep it out of its top game, i'm all for it. but we operate as a global organization i'm going to go where there is strong capability to invest with the markets are deeper, where the clients need us to be and where we can find opportunity. and i'm going to continue to look for that. but i'm a u.k. listed ceo who cannot help but want this to be great. francine: robin grew on a female industry traditionally dominated by men. >> i am hopeful that we will see a better reflection of difference at

given the u.k. -- u.k. versus u.s.. lisa: how much is predicated on the number of rate cuts? seema: for your we know what the rate cut is. the ecb will cut rates next week and to compare that to the u.s.. the debate is dan, day out when mystified going to cut? there are surprises to the upside. it will need more rate cuts in the u.s.. from that perspective, that rate path does add to its attractiveness. i think this is a tactical opportunity. lisa: with the gross store coming from china given the fact that a lot of people are upgrading expectation for china's growth because of stimulus coming from the chinese government that could feed over into europe? seema: in the china market we have become more positive because of the upside surprises and valuation in the deep sense of negativity towards china. the close synchronization of their economies. we do move with hesitation because of the political tensions that could spill over. there are elements you don't want to get too excited about, you have to be careful. lisa: do you like anything in a show? i know you think japanese val

christian: around the world and across the u.k., you are watching bbc news. for our u.k.let's have a look at some stories making headlines. scotland has a new leader for the scottish national party. john swinney has been confirmed in the rollout and no challengers emerged. he will become scotland's first minister. he succeeds the outgoing first minister who resigned after the collapse of his coalition government. the boss of hero tunnel has insisted they will not be long queues of cars at terminals where the newu chapel system starts in october. british people heading to and from europe will need to register fingerprints and a photo at the border, which has prompted warnings of delays. military celebrations have been taking place in london and around the u.k. today to mark the first anniversary of the coronation of king charles and queen camilla. gun salutes were heard across london with 41 voeys fired at noon by the king's royal horse artillery. pictures there. the inig -- king recently returned to his public engageme. you're watching bbc news. and the european commissio

around the world and across the u.k., this is bbc news. for our u.k.let's look at the days other news. king charles has been speaking of his shock at being diagnosed with cancer as he met fellow patients at a cancer treatment center in london. it is his first public engagement since being diagnosed with cancer. the visit was intended to raise awareness of the importance of early cancer diagnosis. the telegraph newspapers are up for sale after in abu dhabi backed takeover bid collapsed. the ownership ofhe papers were set to be transferred to the redbird imi consortium before the british government intervened in january. there were concerns about the papers being owned by a state-controlled business. two people charged with causing criminal damage to the world-famous sycamore gap tree. the much photographed tree which stood next to adrian's wall for 200 years was chopped down in september last year, causing national outrage. -- have also been charged with criminal challenge. -- criminal damage to the wall. the u.s. secretary of state has just arrived in

we start tonight in the u.k., where prime minister rishi sunak has acknowledged a disappointing seriesl election results. after the conservative suffered deep receipt -- the results are seen as the last major test of public opinion before a general election later this year. there is little good news for the prime minister at a by election in blackpool south, his party suffered its third-largest swing to the opposition labour party since the second world war. at a local council level, the results are no better. the conservatives have lost half of the seats announced so far. experts say they can be on track to lose a staggering 500 counselors. one of the worst performances at the polls in four decades. here's our litical editor chris mason. >> in north yorkshire this afternoon. the prime minister lived a few miles away, look who has turned up to rub his nose in it. the wider county so often rocksolid conservative was elected a labor mayor. >> we have had really good results across the country all day long. this is a special moment to become the mayor. than you to the team and the fantast

happy memorial day in the u.s., happy bank holiday in the u.k.. we can look to continental europe for

i will note in that ruling, u.k.igh court's ruling in march, did not find prosecuting join assange for exposing war crimes would violate his rights and raise the death penalty issue also have asked the defense no longer to bring up the cia plot to kill him because if assange is extradited to the u.s., then the cia looses the reason to assassinate him. assange's defense basically have both her hands tied behind their backs and were given only the most narrowest of narrow grounds of appeal in what is the press freedom trial of the century. against all odds, they have prevailed today saying the u.s. assurances on the first amendment, on nationality are not sufficient. they excepted the death penalty assurance was sufficient. there will not be in appeal on the death penalty. the u.s. put forward the said assange would not be limited in his defenses because of his nationality and he could seek to rely on the first amendment but that was ultimately for a court -- they also did not say gordon crom berg or whoever is the exe

u.k. time. the numbers coming through from deutsche telekom, the majority owner of t-mobile in the u.s., the u.s. business in focus today and the german business as well. when it comes to joy -- deutsche telekom it is a beat on earnings estimates and it is the german mobile growth that seems to be behind that. in terms of first-quarter earnings, adjusted earnings out of the german area coming up 3.5%, just shy of 2.6 billion euros. they still see a full year post lease about 8.9 billion. in terms of earnings, adjusted earnings per share, eps around 1.75 euros per share, full year. in terms of first-quarter, deutsche telekom 27, just shy of 28 billion euros. estimates have been in line with that so meeting estimates in terms of quarter revenue. it is risk on on the back of softer inflation data and the cpi front out of the u.s. and weakening retail sales. dollar down, yields down, equities big. european equities looking to add 0.2%, ftse higher 2%, commodities getting a lift. the copper story and