the u.k. and these markets. stay with us. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe, we are live on bloomberg tv and radio outside the palace of westminster. alongside caroline hepker from bloomberg rate. rishi sunak has conceded defeat. keir starmer will be the next british prime minister. it is a new chapter for the u.k. and a significant turn of fortunes for the labour party after 14 years of conservative party rule. caroline: now we have to think about what the incoming labour party will deliver. they were talking about secure-nomics. the numbers are extremely small. there is a question, despite this landslide victory, which i will not diminish, there is a question about the mandate of the labour party, and what it will be. in terms of spending and taxation, under 10 billion pounds a year, not much and yet keir starmer wants to change the country, wants to deliver a plan of reform and deliver on the nhs and other priorities u.k. has. how will he do that without c

joining us, are u.k.panel, deputy political editor for "mail on sunday," and a professor of social politics at university of let's start with keir starmer. what is your reflections on the way he has carried out the campaign? >> well, i think a lot has already been said. effectively he has played a very cautious and. -- cautious hand. the strategy hasn't given much away because he doesn't have to he was 20 points ahead in the polls in the beginning, despite most people, more than anyone the prime minister, thinking those polls were narrow, they actually haven't. he hasn't had to do much at all. why would you change your strategy if it is working so well. lewis: your thoughts on that strategy working well? it >> worked as well as he i thought keir starmer looked more relaxed today. he is trying to make himself come across as more human, the technocrat, traditional prison we have seen. -- traditional prison we have seen and that his opponents would like to paint him as. he felt a bit more prime ministerial i

more coverage of the u.k.ng up next on "daybreak europe." ♪ 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.

u.k. government faces a 30 billion pound budget hole. we will look ahead to today's gdp data. ♪ good morning, again, everybody. let's pick up on some of the market price action because he got another record high for the s&p 500 and nasdaq, both ending more than 1% higher, fueled by some of the gains in tech stocks. we will talk more about that, especially with some positive commentary around apple. futures are trading at slightly towards the green. as far as european markets are concerned, the ftse 100 about 0.2% higher, the euro stoxx futures up a similar amount after a more positive close yesterday. we see the french index back in focus. we did see it recuperating after the losses the prior few days. s&p futures basically trading sideways. the major event will be that cpi print. will we get further signs of a disinflationary process coming through in the u.s.? that's a big question for investors. as for some of the other assets we are watching, of got to see we've been keeping a close ey

voters have been casting their votes in the u.k. general election. scene live in westminster. the bbc, like other broadcasters, isn't allowed to report details of campaign or election issues while the polls are open. there are a couple of hours left to cast your vote. photo id is required if you are voting in person. here is ian watson. ian: democracy in action. 7:00 this morning, 40,000 polling stations open across the u.k., some in unlikely places, from a laundromat to someone's house. if you haven't voted yet, don't forget, for the first time in a general election you will need to produce a form of id. this electoral commission video demonstrates how it works. driver license, passport, bus license for older disabled people are accepted ways of proving your identity. 150,000 staff are there to enable you to cast your vote in the privacy of the voting booth, while pets wait outside. in yorkshire, rishi sunak chose to vote early, but you have until 10:00 tonight to cast your ballot. the labor leader, secure stammer -- sir keir starmer, voted in north

u.k. time. we are hearing from christine lagarde expectations the ecb will pause in the rate cutting cycle at least this month. 4.33% on the 10 year as markets adjusted to the prospects of a potential trump presidency. euro-dollar on 1.07. it was impacted by the politics of france yesterday. again yesterday and the session. currently down .1%. more dollar strength coming through. brent crude $86 a barrel, gaining .2%, partly on the geopolitics as we look to a potential escalation between has below -- between hezbollah and israel and also the supply constraints in hurricane beryl, which has been upgraded to a category five. gold trading down .2%. let's cross over to asia, where avril hong is in singapore. what's standing out to you this morning? avril: i think the dominant theme is how traders are bracing for this policy of trump 2.0. it is playing out in those u.s. yields. the greenback has implications. we are seeing across stocks, although the dominant theme of a possibility of trump coming ba

we have talked about the state of the u.k.ousing market and the inaccessibility to the property for younger britons. tom: that is on row around planning. what other policies are you looking for in the next 100 days? >> there should be no surprises because bloomberg had the scoop for a lot of these plans well in advance. labor has had this 20 point poll lead for many months so they are very prepared for government. keir starmer made a speech over the weekend saying he is restless for a change. some of the things we are expecting include great british energy, new board or agency to head off the threat from nigel frosh'-- nigel farage's party. and we are expecting a task force on a national --. today keir starmer heads to washington for the nato summit. he will be sandwiched between biden and the ukraine president at the table. it will not have gone unnoticed that he is firmly sticking to his commitment to only spend 2.5 percent of gdp on defense spending when the fiscal situation allows. potentially a point of contention with di

the u.k. chancellor rachel reeves planning to fix economic foundations. a preview of the speech jesus said to give at 3:30 p.m. london time -- speech she is set to give at 3:30 p.m. london time. coming up, lies some new iphones may be shipped without the highly anticipated apple intelligence features. the latest on popple delays to apple's ai rollout next. this is bloomberg. ♪ lizzy: welcome back. looking at futures pointing higher in the u.s. and europe as we look to another big week of earnings, especially for the magnificent seven. apple's new ai features will come later than expected, missing the initial launch of its upcoming iphone and ipad software overhauls. i am joined by tom mackenzie. what do we know about these delays? >> this is going to be a disappointment for those who have been building up to this announcement expected in september. there have been expectation and anticipation around apple's ai devices and the way they are integrating ai into their devices because their competi

u.k. to try to get closer to the eu and will date welcome them back to some degree? caroline: the trade deal negotiated by boris johnson is up for renegotiation in the next 18 months, head of foreign relations in the united kingdom will have to be renegotiating that. they want to make policy easier when it comes to animals, the understanding of the people's qualifications, the ability to travel and move abroad. >> you are flying from london say to switzerland, do you have to do passport stuff? caroline: yes. >> and you still voted for that as a country? for no other reason i would vote against it. caroline: this is with a generational divide comes. and that is the different. brexit divided general relational he area from area and met -- in the youth were like, i can't travel and work in europe anymore? that is a bummer. >> what are you looking at in the markets? caroline: i'm giving a close eye on the pound and euro. we have the drama to come on sunday in france. the euro unchanged compare

the u.k. labour trounces tories which is probably the most successful political party in the last 150 years, losing grip on their power in the u.k. mannus: losing grip, but essentially not wiped off the political face. they will be the main opposition. what is interesting is there has been a monumental swing by the general electric to the reform party -- general electorate to the reform party. many will recognize nigel faraj is being an ally of donald trump. labor has the majority in the house of commons but it is wide and thin. dani: the reason that this is so interesting is the idea of how big of a mandate does labour have at this moment if it is that thin of a majority? ricky sunak had been out campaigning saying, don't hand them a blank check. tilting towards the liz truss idea that if you hand them a blank check it could upset the bond market. no one wants to be the prime minister that is eventually kicked out because of the bond market. so they didn't need this trouncing to be more conse

u.k., the polls will open for the u.k. general election. they will stay open until 10:00 p.m. at which point we will have an exit poll and the results trickling in throughout the night. the weather forecast is looking incredibly grim for tomorrow. whoever said things could only get wetter was really onto something. we will have that speech in downing street tomorrow. in the meantime, 10:00 a.m. london time, the french 10 year bond auction. the last bonsall but what -- before the final round of voting. the second since emmanuel macron called the snap election which kicked off a major selloff in french assets. 12:30 u.k. time, the ecb minutes from the governing council june meeting which should be tasty. explaining why they cut rates and raise the inflation forecast at the same time. that's on the docket for today. you can catch up on all the news ahead on the daybreak newsletter. coming up right here on the program, we bring you an interview with the ukrainian president volodymyr zelenskyy.

we have to get to the u.k.he recent elections there as the new prime minister cursed him a focus is on each -- cursed armor focuses keri starmer. what does the investment landscape look like for technology now from a government perspective? >> it is interesting. the tech sector in the u.k. is a success story already, has already grown 25% over the last 10 years. investment is coming in and now 150 billion pounds to the whole economy. the starting point is that a great place. what was interesting, today i was at the new chancellor -- first female chancellor, by the way, giving a speech about what is the macro growth, how they going to go about it? it was very much about changing planning. it was about investment, reform. ed: conversations i've had with the tech industry over the weekend -- good morning from san francisco -- is there big on hope in the u.k. based on the keri starmer government. i went back and read the labor manifesto and they write about ai, fostering a ai industry. one complaint is they don't e

three days ahead of that u.k. general election, we are going to bring you some of our interview with the labor leader. that is next. this is bloomberg. ♪ >> we have seen the rise of populism and nationalism across europe, america, and other countries. it is very important that we make the case that only progressive democratic governments have the answers to the challenges that are out there. i think there are more global challenges now than there have been for many years, whether that is poverty, climate, energy, you name it. we have to join with allies across the world. -- across the will to make the positive progressive case for meeting those challenges and we have actually been doing that already in opposition so i talk regularly to my -- across the world. we doubled down on that as a form of government because that is the important part of the reset here in the u.k. in relation to america and europe. lots of moving parts. tom: the u.k. labour leader telling bloomberg's that a win for his party in thursday's u.

nigel faraj from reform u.k.n to a boxing club and was asked how he thought his party would do. >> it is very tough to call. we can't measure the youth vote. these people online, millions of them. are they actually going to vote? i don't know. >> the green party is hoping it is heading towards gains. >> the level of support has been phenomenal. i've been stopped in the street repeatedly by people asking for a selfie or a hug. >> it is my pleasure to be here. >> -- would like to see an independent wales. >> if it wasn't for --, there would not have been a mention of whales during this campaign at all. people can see that. >> here is a mention of northern ireland too where a panoply of parties contests seats in races that feel very different from elsewhere in the u.k.. this is it. it is over to you to sketch how this place will look, feel, sound and decide for the next five years to come, and ultimately who will live here. >> tune in tomorrow evening once the polls close. we will have exit polls and we will bring y

lewis: we have heard the health minister in the u.k.patients, people to be patient when dealing with gps trying to access health services because the strain will be so significant. what about people watching at home in terms of things like future risks now, what to be looking out for? >> we had a statement from the national cybersecurity center this evening. what they are morning is for people to be on guard, to be very alert to phising incidents in the wake of this outage. that is when they try to send scan emails, text messages intended to trick the person into revealing sensitive information and possibly transfer money as well. we had a statement from the ncsc saying an increase i phishing has already been observed as malicious actors look to take advantage of the situation, urging other organizations to review their guidelines to ensure protections against phishing are in place, also calls on all of us to be alert to emails and text messages as well, not to fall for it. lewis: thank you so much for bringing us up to date with the la

and i think in u.k.erms, it means to be supportive of this institution as an important function of british governance, but also our way of life. you know, on christmas day, many brits would settle down in front of the television after christmas lunch, and they will watch the monarch come on at 3:00 and deliver their christmas message. and i personally feel that this became such a fixture with the queen that it will definitely continue with king charles now on the throne. and it's one point where we get to hear from them directly. to be a royalist really means that you've somehow squared this strange contradiction in british life. that we are a democracy, a very old democracy, and yet our head of state is not elected, they are born into it. and to somehow make that contradiction reality, the royal family has to strive to remain popular, has to appear at least in its senior members, to be actually focused on being in promotion of my country. but this system cannot be sustained without popular support. can

u.k.e, the boe's huw pill, the chief economist, will be speaking. there seems to be some consensus formed, may be moving towards a consensus that maybe august is in the cards for the boe in terms of its first rate cut. interesting to hear from huw pill later today. 3:00 p.m., you will get further testimony from the fed chair, of course jay powell. we will see if he does get pushed on that timeframe for rate cuts in a more kind of substantial way. at 6:00 p.m. u.k. time, there is a u.s. 10 year bond auction. that's after an option that came through yesterday. it was well received by the markets. we will see if that holds up later today with that 10 year bond auction in the u.s. coming up, volkswagen hitting the brakes. we take a look at why the german car giant is cutting its margin guidance. that is next. this is bloomberg. ♪ ♪ tom: welcome back to "bloomberg daybreak: europe." a redhead crossing the terminal. this is reporting from the financial times that microsoft has given up its obser

nigel farah from you reform u.k. a oxen club and was asked how he thought his party would do. it >> is very tough to call what is going to happen to the thing we cannot measure is the youth about. are all these people, millions of them who have been very supportive, are they going to go and vote? i don't know. >> the green party of england and wales is hoping it is heading toward gains. >> the level of support has been phenomenal. i have been stopped in the street repeatedly by people asking for a selfie or even a hug. >> it is my pleasure to be here. >> the leader of plaid come right which would like to see independent wills did peptalk in drizzly car park. >> using the platform so we had, there were not have been a mention of wills during this campaign adult. people can see that. >> here is a mention of northern ireland were a panoply of parties contested seats in races that feel very different from elsewhere in the u.k. this is it. it is over to you to sketch how this place will look, feel, sound and decide for th

stand in the u.k., earlier this week, we had the king's speech setting out the new u.k.t priorities for this parliamentary session. the labour party's green ambitions are going to be up to the crucial in shaping the country's path to net zero. here to tell us more is our head of energy regional transition bloomberg nef. we had rishi sunak in the last conservative government and kind of criticism that he had been stepping away from the net zero target. what are the big changes we are likely to see from this new government? >> yes, well, good morning, lizzy. the biggest headline ambition the labor government will be targeting is this clean power by 2030 goal. within that target, there are a few capacities they are setting for the wind and solar sectors as well as extending the lifetime of nuclear assets. the most ambitious stretch goal within that is for the offshore wind sector. they want to quadruple offshore wind capacity by 2030, compared to what labor wants to do which is nearly 60 gigawatts. it will be difficult to get that sector to that step of innovation without a

keir sharper has met with king charles as the u.k.'ime minister after a landslide victory for labour in the general election. >> it's not like flipping a switch but have no doubt that the work of change begins immediately. >> the prime ministerppoints labour and peace to key cabinet positions. rachel reeves becomes the first female chancellor. angela rayer in and david lammy have been appointed. richie sunak said he's heard the anger of voters. >> i am sorry. i have given this job my all but you have sent a clear snap that the government of the united kingdom must change and yours is the only judgment that matters. >> ♪ sweet caroline -- ♪ >> and celebraons for the liberal democrats. they've won 71 seats and become the third largest party ithe commons. ♪ >> hello to you, welcome to do you think street. i'm ben thompson and it has been a day of come, and goings in the street behind me and we'll take you through all all you need too know. representatives from all the main parties. i want to run you through the main results. labour won 41

thursday the u.k. holds a snap election and france and its allies dominated the first round of voting on sunday. how do you think about the most recent results and what it means moving forward? >> it has certainly been a big shock and france. it's the first time the national rally has really dominated a national election like this. this is about who's going to form the next government so it's been really extraordinary. there's another round to come this sunday. how much of a united front to the other parties try to put up against the national rally? that's going to really determine whether or not the national rally is able to complete sort of this electoral takeover and end up having enough seats in the national assembly to form a government after sunday. sonali: how do you think about macron's response to what we have seen out of the initial results? how does he move forward from here? >> his initial response has been nothing. he put out one little statement sunday night, oh, all parties with the same

antony blinken called to congratulate the u.k. new foreign secretary.ussed shared commitment the recent a cease-fire in gaza and supporting ukraine against russia. ukraine's president zelenskyy congratulated sir keir as well and said ukraine and you united kingdom will be united allies. he thanked rishi sunak for his support. the kremlin said it is not optimistic that ties with britain would improve under the new leadership. here's what the russian foreign minister told our correspondent, steve rosenberg. >> unlike the british government, we do not meddle with other domestic matters. >> do you think anything will change in the u.k.-russian relations? >> diplomacy is not a matter of guessing. >> what is it? >> you know the saying about the pudding? you understand it is a pudding when you eat it. caitriona: let's talk to our correspondent joining us from bbc broadcasting in london. there has been a call between biden and starmer. what do we know about the relationship between the two men? >> the words a little less cryptic than you heard from the kremlin

and the u.k..n in washington with our political editor chris mason who have been following the prime minister on his first overseas trip. >> come with us into the oval office of the white house. focus in on the prime minister. is that an especially that says this is a pinterest health moment? hope you are ok, says his host, asking that very question of the president. yes, it is blunt, yes, it is personal. this white noise of questions at the start of their meeting of the bilateral were about his mental abilities, if he is really fit to run for reelection. so what did sir keir starmer make of him? chris: prime minister, you know what an increasing double -- number of people are saying, implying that president biden is senile. is he? p.m. starmer: no. we had a really good bilateral yesterday, went on for the good part of one hour. we went to a huge number of issues at pace. he was actually showing really good form. absolutely across all the details. we were going at pace through a number of issues wh

around the world and across the u.k., this is bbc news. ♪ ♪ ♪ ♪ anchor: you heard, 10,500 competitors countries and spectators from around the world converging in one location. security in the olympics will have been long planned and yet on the first day there has been significant disruption and questions are being asked today whether this is a security failure. in our correspondent takes a closer look at the impact of the french rail lines. reporter: let's look at e overall picture in france, this map shows the high-speed lines that have been affected. there are threeain ones and the three attacks in these areas. you will also notice there is one attack here in blue, that is a foiled attack according to media reports, local media reports in the area. there was an attack foiled this morning. according to the state owned real company, 250,000 people will have their journeys affected today. overall, 800,000 people will be affected across the weekend. this isn't a one-day story, why? they say it is because these fires affected conduits curing multiple fiber-optic cables meant to pass on

in the u.k. rachel reeves will give her first speech as the exchequer. >> the u.k. a labor prime minister for the first time in 14 years. and a female chancellor for the first time ever. but who are starmer and reeves? starmer has only been an mp since 2015. he joined a former labor leader, jeremy corbyn's shadow cabinet. he took over the leadership in 2020 following labor is crushing defeat at the hands of --. he is a -- rachel reeves has been on a charm offensive to win over business and the city both seen as friendly to britain's conservatives. she is seeking to reduce trade barriers. plans include a new publicly owned energy companies and ending exemptions for private schools. britain is struggling to grow. that is the and her attendance they will be facing which could tie their hands in the next parliament. tom: alex morgan joins us now with more details in terms of what to expect from the chancellor today. what are the top line that we should be looking for from rachel reeves? >> good morning. rachel reeves -- the first female chancellor to occupy the post in

we are investing in a u.k.ld a management team around the founders, we want to support these companies spending internationally. i think, for us, the key point is is the business we are investing in serving an international market? we are not focused on companies only serving domestic markets, it is much more about can this business scale and serve customers across all people geographies? ed: hillel zidel, managing director kennet partners, thank you. coming up, we break down the effects of last week's crowdstrike outage with jennifer tejeda, ceo of pagerduty, and how the company plays a vital role in identifying and preventing incidents like this one. this is "bloomberg technology." ♪ (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

the interesting point about the analysis is contrary to what you see in the u.k.e labour party and this program for government, this is going to have to be government on a piecemeal basis. legislation by legislation. it has to be, because you are going to have this rainbow alliance from the socialists through the greens, but also with the gaullist center-right. it is going to be hard to find compromise and a prime minister who can lead. the man who was supposed to lead was the youthful president of the national rally, who of course was to be disappointed last night, but he has not let that disappointment keep him down because today he has announced he is going to be the president of the new european force of which the rally is a major part called the patriots of france. it is the third biggest group in the european parliament. we will bring in a reporter from politico who reports on the european parliament and this is quite a turn because we have victor or bond in moscow on friday and then he announces this big group and then write off the back of that we get the

u.k. time.of the advertising exposure with a significant advertising presence at the event. let's cross over to the consumer and tech analyst and had a bloomberg intelligence. apac for that region. thank you for joining us on this. i was at an event last night with a number of ceos and they say that we are watching the game england versus the netherlands and they were commenting less on the football and more on the advertising. the likes of byd and alibaba. alibaba has been a big player in terms of the advertising push at this competition. what would that tell us about the ambitions in europe and why use this platform? quex definitely we have seen alibaba leave it on advertisements and campaigns through multiple platforms to tap into you jerk users and viewers. in the last four weekends we have seen downloads for the outgoing avenue, which is great news, we have seen their weekly active users rising on a year on year basis. we are talking about 133% year on year growth, which is great. they are

we will go to the u.k. for more after headlines and speak with mp jeremy corbyn. voters in iran have elected masoud pezeshkian as its new president. the reformist candidate defeated hard-liner saeed jalili on saturday. pezeshkian is a heart surgeon who had served as health minister under reformist president mohammad khatami. pezeshkian has criticized iran's mandatory hijab law for women and has promised to disband iran's morality police. he spoke in tehran on saturday. >> i pledge to continue to be a listening ear for your words and a voice for the voiceless and rejected. amy: saturday's election was held six weeks after iranian president ebrahim raisi died in a helicopter crash. we will have more on the election later in the show. israel's war on gaza has entered its 10th month as the official palestinian death toll has reached nearly 38,200, but a new report in the british medical journal lancet estimates the actual death toll could be 186,000 or even higher. that is roughly 8% of gaza's population. the report looks at how war leads to indirect deaths due to sho

i think brexit is the thing for the rest of the world has define the the u.k. and that the u.k.union, and away from globalism and in many sense labor now is trying to reform that and bring the u.k. back into the rest of the world. this is a party that is strongly believes in supporting sovereignty and democracy around the world. really sees european integration in some form as its priority in as much as it can do that without being in the e.u., and it really wants to rely on the united states to form a very strong alliance, particularly on security matters. >> let's talk about you said they relied on nostalgia, we're talking about brexit here. how much of that relates to what we have in the united states? because brexit was on one hand nostalgia, which make america great sounds a little bit like, it was protectionist, it was isolationist is, which the republican party in the united states is. how much could we read into our own future based on the rejection of those things in the united kingdom? >> so this is a great question. i think in the u.k., the fever broke. i think the ev

look, we brits are looking at an election and people voting in the u.k.nd this weekend is all-important for france. how is the leader of such a french giant are you feeling about the political risk of doing a deal in this market? >> well, look, in terms of healthcare and being a leader of an incredibly important french company, first priority is to ensure that whoever governs they provide a predictable, stable environment. researchers attend a 15-year process. we need to think long-term. we hope whoever leads the company will think long term. we know the current government has been incredibly supportive of innovation. we hope that that would continue. of course, there are people trying to understand what it means for the economy, much like for the change in government, if it's to come about in the u.k. and people want that predictability in the markets, too. you know, we're a long-term player trying to do the right things for patients, trying to drug the undruggable, and we hope to partner with whoever is in power. because we have to be ready to do our pa

the u.k.ute us. really, if people looking at finance and you are seeing the creeping unemployment and that will feed through into people feeling not great about the future. that is really all we need to see. things like the 30 year fixed mortgage in the u.s. and that hurts. we also saw reports this week that the financing costs have been bouncing higher. we are probably going to get a soft landing at the risk of that turning to not so soft have to increase the longer interest rates stay at this level. jay: the market is pricing in roughly two cuts for the fed over the course of the rest of this year. is that your view as well or do you think there is more to come? we have talked a lot this morning about the risk of the fed being put in a box by a trump victory and people getting concerned about fiscal policy in the united states. are you concerned that the fed starts to cut and is forced to reverse itself and raise rates to protect a week dollar say in the first quarter of next year? luke: per

we will take a short rate, around the world and across the u.k., you are watching bbc news. still with us, let's talk about the news of former bbc presenter hugh edwards who's been charged with three counts of making indecent images of children. a statement said those events relate to images shared on whatsapp. >> hugh edrds was arrested in november 2023 and charged on the 26th of june of this year on three counts of making indecent images of children. it is claimed a series of 31 photographs were found in a whatsapp chat on a mobile phone, a conviction of position for category a image could lead to a prison sentence of three years. huw edwards did resign from the bbc in april of this year, but the bbc's highest-paid presenter had not been on air since july of last year. christian: here in the u.k., two children have been killed in what police called a ferocious stabbing at a dance clouse and southport -- in a dance class. nine more were injured and six are in critical condition. two adults were also being treated. police responded to a major incident around lunchtime. polic

he u.k.ime and the latest from the middle east as far protesters storm army bases in israel after soldiers were arrested on abuse allegations. this is bloomberg. ♪ lizzie: welcome back. just a recap of the earnings out of standard chartered as we speak to bill winters later on in the program. shares rising in hong kong, on the second quarter profit beat driven by its wealth business and a repurchase in imax as they look to return $5 million by 2026. are they more ambitious? we will ask the ceo. let's get back to the middle east. protesters from netanyahu's coalition storming bases as tensions soar after accusations of abuse. the u.s. scrambled to prevent conflict from turning into war. analysis from joumanna from dubai. tell us what we know and will cause low pro 10? joumanna: 12 hours of chaos. demonstrators and lawmakers from netanyahu's coalition stormed to military bases and protested in -- in -- against soldiers at one of the bases where suspected fighters were being held. israeli police

around the world, across the u.k., this is bbc news. lewis: this is bbc news. head to ukraine now, being one of its most difficult weeks since the start of the full-scale russian invasion two and a half years ago. more than 40 people were killed and missile attacks across the country, also at the children's hospital. president zelenskyy appealed to western lies not to restrict weapons they donate which stops them being to play against targets inside russia. james waterhouse has more. james: on monday, in a matter of hours, missiles overwhelmed ukraine's normally well defended capital. and it is what they had which made is one of the worst aerial assault in this war. this is kyiv's children's hospital, where some of the patients were being treated for cancer. it was a site which drew worldwide attention and western condemnation. russia denied targeting civilian areas, but evidence to the contrary is mounting. this was an attack at which wasn't confined to one place, or one hospital. cities across central and eastern ukraine were targeted. 14 people lost their li

diplomatic kids. >> stephen: around the u.k.? >> matthew: the u.k.n: you spent seven years. >> matthew: i went to school there for two and then i went to a orting school in the u.k. i went back and forth. but it was lovely. we had a very happy home life. if your mom and dad are happy, then we were happy. >> stephen: how did you get into acting? >> matthew: i think i just did lots of plays at school. >> stephen: was her first play? >> matthew: a nativity actually. >> stephen: i did my fair share of nativity plays. what was your first roll? >> matthew: was very pleased with this because it's a critical role but without -- it was one of the wise men. >> matthew: gold, frankincense, or merck? speech i can't remember but his name was casper. spent those of the three guys. >> matthew: you don't have the pressure of mary or joseph or jesus but it's crucial to the story. >> stephen: jesus is like a 40-. he just glows. >> matthew: i remember thinking, i like this. i have a goal, the frankincense. >> stephen: i was a wise man. the result power outage barely li

but rosebank is a very important project for the u.k.rgrim, can you confirm that you are looking to selloff that stake? torgrim: we said earlier, we will be interested in carving down part of the assets. tom: when will that deal come through? torgrim: we will not go into any specifics on those things. but we were not driven by a timeline. we are driven by value and value creation, so we don't have specifics in that regard. tom: equinor's cfo walking us through the results and how it positions the business after that beat in terms of income after tax. plenty more coming up. this is bloomberg. ♪ (♪♪) (♪♪) sandals rhythm and blues caribbean sale is now on. visit sandals.com or call 1-800-sandals. tom: welcome back to "bloomberg daybreak europe." big day in the earnings story for tech names. megan caps with numbers. alphabet was a beat in the cloud business, it was a beat in the core search engine. youtube softer but eps above the estimates, one dollar .89, but there was patients are urged when it comes to investments around artificial intel

we don't have any storage capacity in the u.k.. >> we have not had an energy policy in the u.k.ritons have taken energy security for granted for decades. >> we could make some of those net zero targets and much more easily shutting things down with the cost that comes with that. the hard bit is from now forward. fred: britain accounts for barely 1% of global emissions today but as a developed economy, cradle of the industrial revolution, many scholars say it's example will be closely watched across the globe. i'm fred the sam laszlo in scotland. amna: fred's reporting is a partnership with the under-told stories project at the university of st. thomas in minnesota. ♪ a number of prominent musicians, including george gershwin, miles davis, and john lennon, were also artists in other mediums. you can now add grateful dead drummer, mickey hart, to that list. special correspondent mike cerre visited hart in las vegas, where his fans are flocking to see his art, and to hear his band play in its summer residency. it's part of our arts and culture series, canvas. >> painting is like mu

we've got very good messages from u.k.eaders and i hope that we'll have -- we will make such decisions and of course again, if we really want to have ukraine on the map and not to have putin who is attacked half of the planet, we need to do very con vote steps. quick, very quick, steps. the second part of your question, i forgot, i'm sorry. orban. he was in kyiv. i didn't know he would go to putin or down to china, and to trump. the question, where he will go tomorrow? i don't know. i don't know. maybe he will come again to ukraine. i don't know. i mean between us, with all due respect to everybody, with all respect to all the countries in big and small countries, we have to understand that not all the leaders can -- you need to have some power if this. mr. stoltenberg: on the same questions, on the issue of u.s. long-range missiles deployed in germany, they have announced there will be periodic deployments of these long-range conventional missiles in germany. that's, first of all, that demonstrates the u.s. commitment to

turkey, norway and the u.k..is a place to host so you can imagine how valuable this is, this would take months or years to get these meetings and he does it in one blow. he has to redefine the relationship with europe. it's his chance to strike out what this looks like. have attitudes changed since brexit? the other thing that looms large, this is where theresa may hosted donald trump and trump is a huge figure. we heard from j.d. vance. they will make their allies pay, no free rides on security guarantees is what they're trying to get. a meaningful pact between the u.k. and eu. tom: you can almost hear champagne corks popping in moscow. the echoes in terms of history given that is the birthplace of winston churchill and what that tells us. oliver crook, thank you. plenty more, we will speak on the ecb decision later today. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak europe. ecb likely to hold rates but investors will look to christine lagarde. i'm joined by the director of rates and trading. tha

we are the only british tea shop on the west coast and focused on high quality luxury goods from the u.ks and baked goods. we came up with the name because willow is made with baskets and the parklett, a willow green and that is a picnic in the park. i have come up with the idea because i have lived in the neighborhood for a year. seven years ago we had a tea shop. during covid we needed to have a new flavor and rejuvenate the business. we are between two beautiful businesses. i realized with the shop opening next to the bakery, we had a beautiful tea shop in the area. we started with british teas and want to support local tea makers in the local area. and once you have cheese and biscuits need tea and jam and lemon curd and chocolate and all of these parts basically imported from the u.k. our most popular products come from wales. it's an extra cheddar and next popular product is a jam made with alpine strawberry. so you get a taste of a nice strawberry. this is about supporting cheese makers and business in the area and women-owned businesses around the world and always want to support

what about bird flu in the u.k. and u.s.?thing that worries you when you need to be developing a new vaccine for that? paul: we have been through one pandemic and have learned a great deal about having the best data. we position ourselves to take advantage of those opportunities on behalf of society. we played a small part in covid but stand ready should we be asked. often the data comes in through government channels, health systems, and we work at real-time speed to make sure we have the very best data available. in terms of large language models, the rest of the data sets, we collaborate far and wide. we are really trying to make sure at our fingertips we have huge data sets to mean that our data and predictability is far ahead of the competition. we won't get it right everywhere but data and integrity are the starting place. our relationship with openai, we are putting our own data at play to make sure that they can learn from it too. all boats rise, we are in health care to do good. caroline: as ai and pharmaceuticals in