u.k.he ftse 100 pointing to gains of 20 points, up 0.3%. s&p futures taking a breather after that four day rally, taking a breather. let's flip the board, treasuries, the last time i checked they were flat after the gains yesterday on softer inflation. raphael bostic needs more data to see they are ready to cut pushing back on views and expectations. 3.93 on the two-year, let's watch sterling leading up to the inflation print. $81 on brent, up 0.5%. gold at 2,461. let's crossover to sing apore. avil: --avril: there is a lot going on in this part of the world. we were waiting to see whether asian stocks would react the same way that we saw on wall street to the soft u.s. ppi and a downward surprise on the cpi, but we also had data out of china showing bank loans to the real economy contracted for the first time in 19 years, and that cemented the concerns about week domestic demand, negative sentiment in the stock markets. then this morning we got the news lines about fumio kishida out of ja

u.k. time, we switch focus to the u.k. data at 7:00 a.m., because gdp will drop. we will see how that ties into a relative picture posting a conundrum for the bank of england as markets price in the next guide coming through in november. 11:45, earnings crossing from walmart, the biggest retailer in the u.s. a gauge on the health of the consumer and to what extent there is more caution trickling into the u.s. buyer. 1:30 pm, we get the broader picture on retail with retail sales, u.s. retail sales, an important gauge of the u.s. consumer. mediators open new round of gaza truce talks can ease tensions in the middle east, but with hamas representatives not due to attend, what of the actual prospects for the deal? a south african mining company has released first half earnings reporting a drop in operating profit. we will speak to the chief operating officer later in the show. this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe." mediators from the u.s., qatar, and egypt are said to meet with israeli negotiators in doha in a fresh attempt at strikin

the u.k. chancellor says the u.k.ke the right balance, but she will not rule out increasing capital gains tax. more from our exclusive interview next. this is bloomberg. ♪ tom: welcome back. u.k. chancellor rachel reeves says she will not rule out increasing capital gains tax after warning difficult decisions will be taken to fill a 22 billion pound gap in the budget. she told us that the u.k. will strike the right balance on the tax and the budget in october. >> i think people should pay their fair share of tax and one of the challenges we have in the u.k. is the gap between what should be collected by his majesty's revenue and customs and what is actually collected. we made a commitment and our manifesto that we will be sticking to which is we do not want to increase taxes on working people and we will be keeping income tax, national insurance and the value-added tax at the rates they are for the duration of this parliament. i would like taxes on working people to be lower but you cannot make promises without saying

he has called on the u.k.nd the united states to back this, to allow western weapons to be used by ukraine to hit inside russia. the reality is britain, france, and germany already very closely aligned in terms of defense through their membership with nato. we have seen that since that explosion of hostilities in ukraine in february 2022. we have seen britain and other allied countries in nato work even closer together. in a way you are right. it is obvious that will be more defense cooperation and keir starmer wants more. one thing to watch over the next few months and years is just as the european commission is beginning to form for its next five years just after the recent elections, there's a lot of talk about defense and industry. the eu defense industry. where does the u.k. fit with that? there is a sense among some in brussels that while germany might want more connection with the u.k. in terms of defense industry and keir starmer did meet defense companies in germany, france might be a little less incl

unrest in the u.k. the prime minister calls an emergency meeting after a weekend of widespread disorder and far-right riots. tom: welcome back and happy monday. brace yourselves for a challenging day across the market. european futures, one point 3% after a loss of more than 3% across the european space last week in terms of stocks. downside stateside. it weaker jobs report and unemployment moving to 4.3 percent. and the repricing across the curve. aggressive moves across and do -- into u.s. treasuries. markets reprice in additional cuts this year from the federal reserve. ftse futures pointing lower by 60 points. s&p futures stateside looking to further losses of almost 2%. and the nasdaq 100 in contraction territory. let's look cross asset because the moves and the japanese yen have been pronounced. the strength coming through for this currency. look at the mexican peso. down for percent. gains of 2.2% for the japanese currency. 3.8 on the two-year after a 50 basis point move. bitcoin getting crushed

u.k. time today.loomberg. ♪ ♪ >> my colleagues and i remain squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the american people. inflation has eased substantially from a peak of 7% to 2.5 percent. we are strongly committed to returning inflation to our 2% goal in support of a strong economy that benefits everyone. we have made no decisions about future meetings and i close a september meeting. the question will be whether the totality of the data, the evolving outlook on the balance of risks are consistent with rising confidence on inflation and maintaining a solid labor market. if that test is met, a reduction in our policy rate could be on the table as soon our next meeting in september. tom: fed chairman jerome powell, of course, speaking, handing the baton to andrew bailey and the boe. markets pricing and 51 basis points. expecting the rate to go from 5.25 to 4.75 by the end of the year. if they cut today, listening to any forward gui

the u.k.. s&p futures pointing flat after the gains that came through friday. futures looking to add 33 points. michelle bowman of the fed saying more work needs to be done on inflation. let's look cross asset. the japanese yen coming under pressure in the morning session. we have heard from a former boj member saying they are unlikely to hike again this year. japanese yen currently 147. a little softness coming through. euro-dollar out at 1.09. gold at 2433, up a 10th of a percent. let's go to avril hong. avril: we are seeing asia stocks climbing for a second session, and i think that sense of calm is continuing to return to the markets, making what happened last monday look increasingly like an overreaction. but we have a lot of data to get through this week, not just from the u.s. but also out of japan. don't forget china's data dump also later in the week. on the japanese front, we are expected to see gdp return to growth, versus fourth-quarter -- first quarter contractions. this could rei

earlier u.k.ister said his government was ramping up the criminal justice system to deal wh those charged involved in riots over the weekend with some already appearing in court today. police say 378 arrests have been made since the violence started last week and they expect that total to rise every day as more are identified. the unrest began last week after the fatal stabbing of three girls. some on social media wrongly blamed the attacks on eight migrant. police officers were assaulted and petrol bombs thrown at hotels and asylum-seekers. the worst of that violent death violence yesterday was in south yorkshire. our correspondent is there and sent this report. >> after the wanton violence of the night before, today them into -- the meticulous work of gathering evidence, collecting fingerprints at the holiday express, so detectives can bring the rioters to justice. last night's disorder here led the prime minister to promise that a force of 6000 riot train police officers will be established tha

reform u.k.eader nigel farage this morning here on the backlash and prison promise for getting out of line in the u.k. it's all right here, right now on "sunday morning futures." ♪ ♪ maria: and we begin this sunday morning with a battleground push toward election day effort ands to ensure a fair election come november if 5th. now 86 days away. early voting beginning in key battleground states next month, in early september. the republican national committee demanding transparency and election integrity, filing lawsuits and hiring new staffers to help clean up the voter rolls. this week in clark county, nevada, home of the state's largest city of las vegas, republicans removed over 90,000 inactive voters from the rolls. and then in virginia governor glenn youngkin issuing an executive order mandating all votes cast in november's presidential election be done by paper ballot with a strict chain of custody in place. meanwhile, the house passed the safeguard american voter eligibility act last month.

isabel: the outlook for the u.k.xpected to improve further in the second half of the year. we see the pressure from high inflation beginning to soften and allow the consumer a little more space with their spending. and also looking at measures like the property market, seeing a bit of recovering confidence and recovery in certain buyer sentiment, that should feed through to house prices and eventually consumer confidence. certainly a slightly better outlook. from a global investors prospective it has been interesting because for the last 2-3 months we have seen more interest in the u.k. the question is to what extent does it relate to the fact that we have seen political turmoil in europe and to what extent is it actually a reflection of beginning to rerate the u.k. from a political risk perspective? i think the labor government will have to do more to improve sentiment in a more sustainable way and also improve the kind of growth path or the u.k. economy for that to happen. lizzie: isabel albarran from close asset m

u.k. index opening in positive territory. switching over and taking a look at cross asset, not a lot of movement as far as rates are concerned. the u.s. 10 year yield has not done much overnight. we moved one basis point higher, 3.83. we have jobless claims to watch out for today. always important when you think about the context of the u.s. labor market, so the signals will be closely analyzed as to what they could mean for next week's nonfarm payrolls report. brent slightly higher up in the session up zero point 2%, but it is difficult for the energy complex to sustain a bit the fact that we are trading below $80 on a week of high geopolitical risks and well disruptions tells you about how weak the demand outlook is. europe trading sideways today, 0.2% firmer heading into the all-important inflation figures. we have numbers coming out of spain and germany in addition to the countrywide a figure coming out later today. it will be a big driver for the euro. let's check in on how asian mark

in the u.k.rison sentences have been handed down to people who used social media during the recent violence across the country. lengthy jail terms were imposed for offenses including inciting racial hatred and sending menacing messages. one man called for hotels holding us out -- asylum-seekers should be satellite. the prime minister says that social media is not a law free zone. police have made 600 arrests for offenses relating for the disorder. they are prepared with 6000 officers on duty. we report from leeds crown court. >> a knock at the door from the police and an arrest for his words rather than actions during last week's disorder. at the weekend he sat at home watching what was going on. leeds crown court heard that he was angry at migration and a local hotel hosing asylum-seekers. it had been pelted b stones. he posted to his 1500 facebook followers encouraging them to do it again. "every man and their dog should be smashing britannia hotel." this asylum-seekers were living the life. st

u.k.ister holds the second emergency meeting in two days after anoth night of violence and unrest on the streets in parts of the country. and the u.s. southern city of charleston extends her curfew until wednesday as it prepares for tropical storm debby. first we start with some breaking news. hamas has announced that israel's most wanted man has been chosen as the new head of the group. he succeeds is mel haniyeh, who was assassinated in the iranian capital of tehran last week. let's take a look at his background. he has most recently been serving as the leader of sheikh hasi -- of hamas's military wing in gaza. israel holds him responsible for the attack on october 7 in israel. the 61-year-old was born in the khan yunis refugee camp and his parents were refugees. after his education, he was arrested by israel at age 19 for what they call "islamic activities." it was during this time that he won the coidence of the founder of hamas. two years after the groups formation, sinwar set up the

the latest on the u.k. unrest, next.is is bloomberg. ♪ with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. tom: good morning. this is bloomberg daybreak: europe. these are the stories that set your agenda. asian stocks erased earlier losses. volatile trade in japan rebounds as there are signals from the central bank. upping the ante. jp morgan says there's an increased chance of a u.s. recession this year. this is -- as it estimates three quarters of the trade has now unwound. siemens says weak demand for factory automation is hitting returns. we speak with the ceo of the german industry giant and the cfo shortly. we update on the latest earnings lines coming through in terms of the second quarter. it's a beat for this reinsurance. second-quarte

incredibly intimidating rioting going on across u.k.rity -- very small minority of racist thugs. i think it was right that happened. hopefully that is behind us. the deterrent as dominic said has worked and we can move on to tackle some those issues which include the whipping up of hatred and division, the misinformation that went out after the tragic killings in southpt and i think the media, the social media and politicians have to look at themselves. how they have whipped up this tension over migration. over ethnic minorities. over issues we have come to describe as culture wars that has fed this a renewed surge of racism. as i say, it is only a small minority. it is obviously incredibly intimidating for the people on the receiving end of the hatred and violence. >> can i ask you about one of those issues we mentioned in the introduction about immigration, small boat crossings that rishi sunak of course for him it was a central policy in the electric -- the election campaign. shadows secretary has been criticizing the new government.

the u.k., i know it is a bank holiday today, so if you are joining us, welcome, welcome. lots to get through. we will talk about developments out of the middle east in the last one to four hours and the reaction in markets to jackson hole on friday. with fed chair jay powell saying the time has come for policy to adjust. what we saw was quite a bit of reaction on wall street towards the close, some of the majors ending the day up more than 1%. this morning leading more negative, euro stoxx 50 are tilting to the red, down 0.3%, and s&p futures and nasdaq leaning towards the red, too, down eight basis points respectively. a big week coming up, we have nvidia earnings going to be a major market mover wednesday in addition to pce, that is the fed's preferred inflation gauge coming up on friday. a lot more data points throughout the course of this week but it was not just these indices, let's look at how the russell 2000 reacted friday, because not that long ago we were talking about the rotation o

the u.k. budget does not come until october.he new chancellor of the exchequer has been giving all the right messages. it sounds as though she is on top of things, that she will be prudent in delivering a message through her budget which is pleasing to the rating agencies. the bank of england being cautious folk will want to see the details. they want to see it delivered in the right way and they will be reluctant to lower interest rates again until they see exactly what the government delivers, and that is why traders are counting on. traders are getting excited and i think the bank of england will move earlier. they will probably be disappointed, because they want to be sure they do not cut rates and then the fiscal situation deteriorates and they will have to go back to hiking again. no central bank wants to flip-flop on its messaging, so how the government delivers its fiscal paln is the key. more than anything the u.k. government has to deliver as well. joumanna: october will be key in that regard. mark cranfield, thank you

u.k.. the ftse 100 up one before points -- nasdaq futures pointing up by 51 points. let's lacrosse asset. weakness continues. the markets are back. you are seeing gains come through from japan. the japanese yen down .4%. the benchmark u.s. 10 year at 390. brent at 8180. five straight days of gains. gold down by .4%. the u.s. says it believes an iranian attack on israel could come as soon as this week as the pentagon deploys more forces to the region. iran indicated it may retaliate after the assassination of hamas's leader. roz matheson joints me now with the latest. the warnings from the u.s. and its allies and particularly spokespeople out of the white house and biden administration are becoming ever more concerning when it comes to the risk of further conflict. roz: it's interesting because we are now two weeks since the killing that iran blames on israel of the hamas leader in tehran and there has still not yet been any retaliation even only have said they will. nothing has come. we ar

or the u.k. or in europe. the chinese government is committed to developing basic sc ience, in life sciences. i think the few years we will start seeing the fierce num ero-molecular -- coming from china and not from the u.s. >> i want to close by asking -- >> not only from the u.s. because the u.s. will continue to produce. >> i'm going to close by asking a question on related to all of this. sam, you were involved in what is perhaps the most widely publicized boardroom scandal in recent decades. what lesson did you learn from that other than trust -- >> sam, he's asking you when you only have 42 seconds left. >> you can take more. >> i mean, a lot of things. i'm trying to think of what i can say. [laughter] at some point you just have to laugh, at some point it gets so ridiculous. but i think -- i mean, i could point to all the obvious lessons that you don't want to leave important, you do not want --important but not urgent problems out there hanging. we knew we did not have the level experience that we need

we are also joined by a former u.k.dor to belarus and a senior fellow at the international institute of strategic studies. thank you both for being with us this evening. maybe i could start with you, ma xim because what we have learned from the national security adsor at the white house is that this deal was supposed to include alexei navalny. he was part of the negotiation, but of course was killed by the russian prison authorities. what do you make of that? >> this was discussed back in january and february. it was discussed back then. germany said they were not interested in exchanging krasikov for anyone else except navalny. as far as we can understand now, this swap was prepared to include alexei navalny but unfortunately he died in february. he was killed in a russian jail and was not included. >> sad for his family to hear those details today. dr. gold davis, could you explain to us the complexity of this? how difficult it is to bring 6, 7 countries together to pull off something of this magnitude? >> it is compl

s at least 6000 police officers are mobilized across the u.k.ars more violence is planned for wednesday. makes her first publict, harris appearance with a running mate tim walz. >> because as soon to be president harrison says, when we fight, we win. >> israel's most wanted men is announced as the new overall ad of hamas. >> and live in edinburgh where we are catching up with some of the acts playing at the festival french -- fringe. next up, kiwi comedian alice nevin. >> hello. welcome to the program. we start in the u.k.. 6000 police mobilized because of fears of more violence across the country. there are reports up to 30 protests are planned for wednesday. the prime minister promised witnesses would be kept safe. karen stallman said he had assurances witnesses would be protected if violence flared up. >> it has been just over a week since these rights began, violence first in southport spreading other parts of england. for those who have taken part, legal consequences are starting to be felt. this morning in liverpl, three men who pleaded gu

u.k. time and then cathy lynn mann will be speaking. it is a story in the u.k. where we're talking about inflation, employment, wages, the food data that we got this week. the prices starting to come down. what'll kathryn m mann have to say about that? and the nvidia earnings, 159% rally year to date. is the party going to continue? we will have full analysis here on bloomberg television. you get a full roundup of the stories you need to know in today's edition of daybreak. go to your bloomberg terminal. we'll be talking about stories, warren buffett. those are your stories. coming up on the program, jake sullivan in china to try to steady chips. we'll dive into what to expect from those meetings. stick with us. this is bloomberg. ♪ kriti: welcome back to bloomberg daybreak. i'm kriti gupta in london. jake sullivan is in china to try and lower tensions between the two nations. meeting with the china foreign minister where they are expected to discuss tech, sanctions and taiwan. let's get more on the story prm jill, talks resuming today. there is a lot to cover h

u.k. time. ♪ tom: welcome back.ou can say they have accepted the surrender of the largest group of russian soldiers since the start of the war or than two years ago. ukrainian forces continue to push into russian territory. we are entering the 11th day of this extraordinary operation. how do ukraine and russia view the situation on the ground right now? this event has kept many on the tenterhooks and has taken the russians by surprise. what is the latest? >> the ukrainian top military chief told the ukrainian president that they are setting up a headquarters and that is an indication that ukraine is planning on a longer-term presence in the russian territory. it is not a single rate. they contain deal -- they continue to expand their hold on the territory. russian officials, the defense minister held a meeting with top military officers yesterday, saying he wanted defense strengthened in the neighboring melgorod region -- belgorod region. the challenge for russia the longer this goes on is to demonstrate to its popu

the prime minister was in berlin to announce a new u.k.ny tweedle to tackle science, technology, trade, and business that is not a reversal of brexit, he says. and of course we are keeping one eye on paris, where the opening ceremony for the paralympics is underway. thousands of athletes from around the world set 22 sports s starting tomorrow morning. we start in the middle east, where at least nine people have been killed in the biggest israeli operation in the occupied west bank for 20 years. last month, the international court of justice ruled israel's continued occupation of the area captured in 1969 breached international rule. violence has been increasing in the occupied west bank since hamas's deadly attack in israel on the seventh of october. the u.n. saying more than 650 palestinians have been killed by israeli soldiers. attacks have been launched from the occupied west bank against israelis. since 1993, control of the west bank has been divided across three zones where there is either full control by the palestinian authority, pa

it was spread that this was done by an undocumented immigrant which has led to race riots in the u.k. people have died as a result of this. police are losing control over things because people are going out and thinking they're going to clear u.k. of undocumented immigrants because of this. elon musk knows better. what's he trying to do here? >> well, i do believe that among billionaires today there is a sense that liberal democracy is teetering and that they can dislodge it and replace it with something authoritarian that will give them free reign to do what they want to do. and you see this in our election where there is one group of tech billionaires in particular who are supporting trump, a second group of tech billionaires who are supporting harris. and yet the things they have in common from a policy point of view, completely overwhelm the places where they disagree. their goal, in fact, for all of them is to be in a situation where their ability to act is unfettered by any kind of regulation and where they're not required to protect the safety of the people who use their produc

muscat was claiming this morning u.k.ver one billion tweets and post have been shared as a result, but none of those have been positive. let's face it, elon musk is not a bbc news channel interviewer. most of the interview, at least the first 35 minutes as far as i could tell, was musk going "yeah, uh-huh," the line after line of donald trump's manifesto, as it were. ben: yeah, it would be interesting to see elon musk on the bbc news channel. ybe he would get offered to show, who knows. speak about the content of the conversation. what did you make of it? some critics said it was rambling, some said it was a love-in between the two men. >> i think both of those characterizations are correct. there were so many things that the harris campaign has used and will continue to use, soundbites on everything from climate change to making comments about electric cars with elon musk to his supposed conversations with vladimir putin. but i think the most important thing to remember is that donald trump accomplished at least one of h

u.k. time, so stay tuned for that interview if you are up that late. speaking of, we have a couple data points we are watching out for. 10:30 a.m. u.k. time, the german five-year auction. interesting to see how demand will come through for that given the rally over the last couple weeks. that's the five-year option taking place at 10:30. 3 p.m. u.k. time, watch out for u.s. consumer confidence, another data point to market will be watching for, not a significant, but another sign and reflection of how u.s. consumers are feeling about the u.s. economy, and at 3 p.m., watch out for ecb speak. we get nagel speaking, the bundesbank president, known as one of the more hawkish members of the committee, ahead of a meeting possible out of the ecb in september. will be interesting to see if they are also coming around to the view that maybe it's time for another rate cut. you can get around up the stories need to know to get your day going in today's edition of daybreak. terminal subscribers can go

that we have an operational floor in the u.k. and operational floor in u.k. and it does follow the sun mode of the regional center. we have 15 different countries operating on our operational -- sharing on our right. i think the partnerships we have today in space are some of the best across the federal government and the best i have seen in my career. >> i must tell you this is so exciting for me to hear. i am hard to believe almost 10 years retired. that was a dream. we were looking at doing. and made some progress certainly in bringing our allies in. if i can pull the string on that a little bit, our you able to share with you need to to support combine operations? are there still policy barriers? do you have the ability to make those changes if there are? >> there are still significant challenges. policy challenges as well as security and classification challenges. we are committed to reducing the classification of our data to allow the greater sharing of data. that is happening everyday. i talked about the dado leads. we take all of her unclassified spac

or diplomat kids. >> stephen: around the u.k.? >> matthew: the u.k.h, wow. you spent seven years. >> matthew: i went to school there for two and then i went to a boarding 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 your first play? >> matthew: a nativity actually. >> stephen: i did my fair share of nativity plays. what was your first role? >> matthew: i was very pleased with this role because it's a critical role but without -- it was one of the wise men. >> matthew: gold, frankincense, or myrrh? which one? >> stephen: i can't remember but his name was casper. >> those are 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-watt light bulb. he just glows at them. >> matthew: that's true. i remember thinking, i like this. i had the gold, the frankincens

have you seen what's going on in the u.k. right now you? you in jail if you post something that goes away from the narrative of the u.k. government, talking about the fact that there is civil unrest but don't you dare tweet about it, don't post that there could be a civil war underway in the u.k. because you're going to jail. nigel will take it on. we'll catch up with david mccormick, we'll talk with the pennsylvania senate candidate about the road to the white house through pennsylvania, both tickets are stopping in pennsylvania trying to woo voters there. we've got a big show. >> madam vice president if you don't go on maria bartiromo, if you choose, i would love to have a sit-down interview on "fox & friends." you have an open invitation. we'll be watching your show this morning. thank you. maria: thank you, will. >> finding faith in challenging times, a world renowned pastor on the importance, next. ♪ our local news keeps us informed when others won't, but it's under siege from big out-of-state media companies and hedge funds. now, cali

government did arresting a woman for incorrectly naming a suspect in that and yesterday the u.k.lian way to stifle speech they don't like. it is speech the government does not like and they are trying to stop it around riots happening and they are perfectly willing to stop freedom of speech. >> steve: looks like it. thank you for joining us on this friday. >> good to be with you. >> steve: thank you, have a good weekend. 20 before top of the hour, 43,000 bucks in taxpayer funds spent in one day on amazon.com, one finding from the report into the worst mayor in america right there. first, whiskey myers performing live in our all-american summer concert series. ♪ >> good morning. ♪ ♪ >> we are rocking out here on f fox square with whiskey myers. good show, everybody. [cheering] >> it's been a blast and "fox and friends" tradition all summer long we had interns coming in. this is julie, she has been an intern with us. on your last day, you will do the weather. where do you go to school and where are you from? >> i go to uva, i'm from new jersey. >> how has it been? >> i've had the b

and u.k. but you are slowing slightly.cts hotels.com users and the loyalty programs they have. ariane: sure. we actually just came up on the one-year anniversary of our loyalty program. we launched it last summer in the u.s., and it is a program that ties together expedia, hotels.com and vrbo. it allows travelers to earn and burn one key cash across all the brands and benefit from higher discounts especially in hotels the more loyal they are. we have been pleased with the results in the u.s. and just launched in the u.k., but as we stepped back and looked at other countries, what we realized is this is a program that works the best one we have all three of our big brands operating at scale. and in many countries outside of the u.s. and the u.k., they have one leading brand. what we are doing now is looking at, how do we make sure we have the strongest loyalty brand proposition in each country for the brands that are there? the good news is even before making any changes, all of the loyalty members outside of the u.s. and t

. >> around the world and across the u.k., this is "bbc news." ♪ the nobel peace laureate m >> the nobel muhammad yunus has been sworn in as interim leader of bangladesh after weeks of student protests forced sheikh hacinea to three to india. yunus says his first task will be to restore law and order after violent unrest that toppled miss hacinea and he's praised student protesters for giving bangladesh what he cal a second independence. blake la -- has been struck by riots for weeks demanding justice for the independence groups. over 400 people are believe to have died after the protests became anti-and anti-government movement. we6 a report. >> last week they were on the streets demanding the government step down. today they flocked to the airport to welcome the man they believe will lead them to a stable future. nobel laureate muhammad yunus. >> how do you feel? >> i feel good i'm back. a lot of work to be done. people are excited. know that new opportunities are arrived. >> what is your message for people here? >> discipline. discipline, hard work and get it done. >> his positive mes

. >> that's what's happening in the u.k. riots broke out after three little girls were stabbed to death at a party, and these were the worst riots the u.k. has seen in over a decade. hundreds have been arrested, but nok over ht just for the e on the streets. if you post something online, if the government deems onl insulting or abusive or quote, stirin s up racial hatred, cops show up at your doorhandcu with handcuffs. >> the offense of incitement to racial hatredff involvesinvov publishing or distributing materiales which is insulting or abusive, which is intended to or likely to start racialyo retred. so if you retweet that, thentr you'll be publishing that and then potentially you're committing that offense. and we do have dedicated policny e off officers who are scouring social media. their joen we hab is to look for this material and then follow up with id arrests and so forth. so it's a very, very serious people might think they're not doing anything harmful. hing >> they are, and thebut consequences will be visited up

northern ireland has had a low level of immigration compared with the rest of the u.k..never before been street violence on this scale against members of ethnic minority communities. the owner of this restaurant didn't want to appear on camera because she's concerned for her safety. >> most of my staff -- but this is not a reason. i am scared. they don't take anybody's jobs, i created jobs here. reporter: damage businesses are set to get financial help from the local counsel but they say there are many ways they can't afford more disruption or disruption. anchor: it is day 11 of the paris olympics and it has ended in dramatic fashion with the u.s. returning to the top of the metal table after china briefly occupied the spot. a stunning upset in the men's 1500 race helped, and a runner added one more olympic gold to team usa's total with a win in the women's 200 meter race. stay with us on bbc news. announcer: funding for presentation of this program is provided by... financial services firm, raymond james. announcer: funding was also provided by, the freeman foundation.

please edit the u.k. southport arrested four men over violence that followed the killing of three girls at a dance class monday. the vigil was held for the 6, 7, and nine year old killed in a stabbing attack at a taylor swift themed event after violent unrest broke out at a mosque in southport leading to dozens of police injuries. police blame on my disinformation that suggested an islamist connection to the stabbings. the 17-year-old boy arrested on murder and attempted murder has no known connections to islam. there were clashes with police with bottles and cans thrown at metropolitan police officers. more from southampton. >> the police are at dealing with two incidents. there is what happened here tuesday night. when several hundred people gathered and started attacking a mosque throwing bricks that attack into -- attacking the police. i spoke to a guy barricaded in this building last night is that he absolutely terrified. he said most of the people you're one from southport at all. they were from oth

daniel: since last tuesday, 378 people have now been arrested across the u.k. the riots and disorder. police say they expect that number to rise significant. meanwhile, forces have braced for more trouble. daniel sanford, bbc news. caitriona: at the paris olympics on monday, u.s. gymnastics star simone biles secured a silver medal on the floor routine, missing out on gold after stepping out of bounds several times. biles also competed in the balance beam final where she placedth what may be her last oc games, biles did add four medals to her collection. well done to her and everyone. thank you for wa announcer: funding for presentation of this program is provided by... financial services firm, raymond james. 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: "usa today" calls it, "arguably the best bargain in streaming." that's because the free pbs app lets you watch the best of pbs anytime, anywhere. amna: good evening. i'm amna nawa

from the point of view of the pound and other u.k.oking for is the guidance, and it may well be that even if they cut rates today, they do not have the confidence to say they will be more cuts to come or even give a timeline, so in that point of view, you could say it is mostly priced in. the pound may even bounce. the gilt market would like to see a path towards lower rates all the way toward next year. they are probably not going to get it, so there is room for u.k. bond traders to do something. avril: we could see what happens. as you say, it is a coin toss. thank you as always for sharing your time. paul: thanks. as we have been saying, has been long day on the nick at the moment, but the worst performing sector, japanese real estate. that is off by more than 8% at the moment is the fallout from that bank of japan decision continues. real estate shows falling the most since march 2020. of course, there is concern mortgage rates will go up. that will sap demand for mortgages as well. we have financials suffering also. let's take a

we have inflation data out of the u.k. tying into the boe story.ek in terms of inflation data. the u.k. print wednesday. thursday, earnings from walmart, alibaba. narendra modi will give his first speech of his third term. friday, the university of michigan consider senate -- consumer sentiment survey and retail sales. from questions fed independence, saying presence should have some say on monetary policy. more details next. this is bloomberg. ♪ why do couples choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. during our biggest sale of the year, save 50% on the sleep number® limited edition smart bed. shop now at a sleep number store near you. tom: welcome back. republican presidential nominee donald trump told reporters the president should have some say over u.s. interest rates and monetary policy. such a move would go against the practice of keeping the fed independent from political actors. trump has repeatedly complained about the issue and criticized fed chair jerome powell,

u.k. time.zy: when you got the likes of europe saying the greedy inflation beast is no more, we thank you for the preview. later today we will hear from the bank of latvia present net giving his thoughts on rate cuts at jackson hole. i want to stick with german news, deutsche bank saying it expects a 430 million euro boost to its third-quarter results after the german lender said it's making significant progress in talks over the majority of claims, claiming deutsche bank underpaid for the retail bank of china. plenty more coming up, this is bloomberg. ♪ lizzy: welcome back to bloomberg "daybreak: europe." the hong kong exchange operator has reported a 9% jump in profit in its first full quarter. the new ceo told us mainland chinese investors are turning to hong kong to diversify their poor folios. >> i think it's the normal efforts of the market. it's a good thing that we see volume picking up in the months of april and may. the recent two months, maybe we see a little bit of softness. is simpl

in a statement, the british foreign office said the u.k.cerned by the ongoing idf military operation in the occupied west bank. it says we recognize israel's need to defend itself against security threats, but we are deeply worried by the methods israel has employed and by reports of civilian casualties and the destruction of civilian infrastructure. this was the spanish foreign minister speaking in paris. >> the situation in gaza is a humanitarian catastrophe. more than 40,000 palestinians are already dead but the situation in the west bank is permanent violence, which yesterday reached a new level. we reject and condemn it outright. it certainly does not help the restoration of peace and it further jeopardizes what we all know is the key to peace and stability in the middle east, which is a two state solution. >> our diplomatic correspondent james langdale gave us this assessment. >> throughout this conflict which began last october, the british government has repeatedly been critical of the way israel has carried out its military action

u.k., we get the italian cpi print and the all-important euro area cpi print after spanish and german inflation figures yesterday came in lower than expected in the german figure coming in at 2% in line with the ecb target. yet to see with the aggregate figure will look like, analysts say two point 2% for eurozone hold but it is worth pointing out that yesterday's lower than expected inflation data did drive a rally in fixed income. so something to watch out for as we head into the ecb meeting. 1:30 pm at u.k. we have been talking about this u.s. pce number to watch out for. the fed's preferred inflation date. will we see this inflationary trend. how will impact market expectations of what the fed does in september. a big one to watch. at 3:00 p.m. u.k. time we have the university of michigan argus consumer sentiment survey to get a more complete idea of how u.s. consumers are viewing the economy. coming up, we will be speaking with the head of market analysis as traders look ahead to the

dollars into the u.k. economy, and this is absolutely fascinating. swiftie also spending around 1,000 usd on everything from tickets, food, merch, and beyond. so the economic multiplier effect here is real. but also let's bring it back to reality. what does this mean for the bank of england, and is taylor actually capable of moving the inflation needle in the u.k. the answer to that question is no. we've been looking at the impact more broadly, and when it comes to what the boe might do next, jonathan, the simple answer is they're more likely to shake it off. >> oh, i see what you did there. to what the boe might do next, n jonathan, the simple answer is they're more likely to shake it off. >> oh, i see what you did there. for the record, the crew here in chicago, they all kind of groaned, booed, sorry. speak of superstars beyonce entering the whiskey business, apparently launching a line. >> beyonce is teaming up with one of the largest companies in europe. it's run by europe's richest brand. and this new wisconsiny line beyonce is launching is goin