caller: the u.k.? the u.k. and america has always been allies since the 20th century, you know, against nazism. i feel that chamberlain was a lot like biden and the guy who made the peace plan with iran. i just feel that the world does still need people on the right to keep things in order. peace through strength. if any of that relates? host: any comments? guest: yeah, i think it so interesting that on the one hand and the u.s. in the u.k. you have conservative parties that include that kind of strong government strong military instinct the caller is talking about, working hand-in-hand with actual neo-nazis who are proud to be neo-nazis and harken back to exactly the forces that we think of conservatives fighting about. it's a really interesting, challenging moment. i will just maybe add to that it's interesting that again, the u.k., frankly, the tory government as well that preceded this one, european leaders, really all quietly or loudly are dreading the return of a trump presidency and not, frankly, feeling

u.k. european union. ♪ christian: another tragedy in the channel. at least 12 migrants dead in the worst loss of life since 2021. the labour government says the european governments have a mutual interest in disrupting the criminal gangs that send these boats. we will get the view tonight from germany. shameful is how benjamin netanyahu describes the uk's government decision to cancel some arms exports but what is he doing terrain in the settler violence in the occupied west bank? we have a special report on the expanding number of illegal settlements. and could mobile phone companies do more to stem the sudden rise in snatch thefts on our streets? good evening. the french interior ministers says at least 12 people have died and two still missing after a boat carrying migrants capsized in the english channel. 10 of them were female, six said to be young girls. there has been a large search-and-rescue operation underway since this morning. a spokesperson for the french coast guard says 50 p

lucy: it's about russia trying to frame the u.k. u.k. of the enemy, isn't it?ell people at home that the u.k. is the enemy to be concerned about, is it? guest: there is an element of that. also to some extent, in kremlin circles, the u.k. is regarded as a sort of blood enemy, as a historic enemy of russia and the russian people, the masters of conspiracy and espionage, which i don't really think is the case . if you look at the things said on russian tv about the u.k., it goes in that direction. but equally, the u.k. is seen as a slightly ster target than the u.s.. there is some trepidation in the kremlin about directly confronting the u.s., but not so much the u.k. lucy: i suppose there might be a change of mood after november, we have the small issue of the election in the u.s., and what that risk would be fascinating, isn't it? guest: absolutely. there could be some mild disappointments in the kremlin if kamala harris wins. it was interesting to see in the presidential debate a couple of days ago that former president trump was invited twice by the moderator

emergency shift in the u.k.' to the conflict from the position held by the previous conservative government. for more on the situation, are middle east bureau chief sent this update. reporter: this morning, a very strong statement from the israeli prime minister. he said instead of britain standing next to its fellow democracy, it was encouraging emboldening mass. with or without british arms, israel was going to carry on this war and when it. the total amounts of british weapons coming to israel are negligible in global terms. a few tens of millions in total. that compares to almost $4 billion worth of weapons every year from the united states. plus another $14 billion coming from washington just this year. in practical terms, it does not really go anywhere. but it is the symbolism from westminster that is what is worrying the israeli government. caitriona: for more on this situation, i have been speaking to israeli opposition politician, member of israel's -- and began by asking him, given the prime minister's

to japan to the u.k.. coming up the u.k.warning of painful measures to fix britain's public finances. that conversation is up next and this is bloomberg. ♪ this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. (♪♪) ♪ well i was raised by careful hands ♪ ♪ yeah, they made me who i am ♪ ♪ so i'm off to see... ♪ we invent them. we design them. we build them. and one day, we have to let them soar. ♪ i'm always coming home ♪ francine: welcome back to bloomberg markets. i am francine lacqua in london. u.s. cash equities closed for labor day. we are starting to see a move when it comes to european stocks. futures in the u.s. also pointing to a lower start in euro-dollar 1.1068. it is all about the jobs data. u.k. parliament

that will tie into the u.k. session and u.k. futures are currently flat getting close to record levels. the nasdaq 100 futures looking to just two points. the focus on the front end when it comes to the treasury given the commentary we have heard from a number of fed officials. goolsby suggesting a number of additional cuts could be coming through and we have also got a business sentiment index coming through from the u.s. suggesting strength is still there. and input prices rose to the highest levels in around six months. and we will be getting more this week. euro-dollar at 111. do not forget the soft data we got out of the euro zone. think about the demand impulse from china and also that escalation in the conflict between israel and hezbollah. iron ore getting a big lift on the back of the stimulus measures out of china. for more in terms of the market reaction let's go to tonya in hong kong. >> that stimulus blitz is finally here long awaited the investors in asia so let me take you quickly into stock market action. we have

u.k. though has halted at least some elements of arms shipments yesterday. did that come as a surprise? are they trying to leverage pressure on israel? >> is a reflection of the fact probably that we have a change of government. in a way it matters more politically than militarily. the u.k. government does not ship weapons to israel directly. it allows companies to do so it it's very small. it is key components for things like f-35 aircraft and so on. it's going to be a very small military impact for israel but it's symbolic that the u.k. has done this. you can see this criticism already of the u.k. from israel and the israeli community as a result in differentiating themselves from the u.s., where kamala harris, the democratic nominee, has said she would not do the same thing, so it's interesting to see the labor government and the u.k. putting itself out there and signaling a different kind of relationship with israel. the u.k. is a strong ally and supporter of israel in all of this but

the u.k. look at what it all means. here in the u.k., -- schools will be scrapped in england. the prime minister says it will not be confusing for parents. germany's prime minister urges political parties not to give support to the far right party. welcome to the program. we will art in the middle east. israeli prime minister benjamin netanyahu has begged for forgiveness from israelis for not being able to bring back alive the six hostages who were found dead in gaza on saturday. "we were very close," he said. he remained defiant in hi demand that israeli troops must continue to control the corridor in south gaza, something hamas has rejected. it remains a sticking point in cease-fire talks. let's hear some of what he said. >> i am begging for your forgiveness that we did not succeed, bringing them home alive. we were very close, nearly there. i would like to repeat once again this evening, israel will not move on to our normal agenda after that massacre. hamas will pay a heavy price for it. t

for certain u.k.' to _ embargo. for certain u.k.'s arms exports to israel i embargo. for certain u.k.'s arms exports to israel it i embargo. for certain u.k.'s i arms exports to israel it does have a clear risk that they may be used to commit or facilitate a serious violation of international humanitarian law. 97 captives remain unaccounted for in gaza where the hamas run health ministry says more than 40,000 people have died since october seven. scotland has 0ctober seven. scotland has passed a new law that bans children being sent to prison. all under 18 have been removed from young offenders institutions and transferred to more child friendly settings. the change follows suicides of young people while detained and will free up around 70 cases in the —— places in the prison system. time now for ten seconds of happiness. a new lego film about corel william �*s life is getting rave reviews. it will depict the musician �*s rise to fame. you are all caught up, have a great night. hello and welcome to spo

u.k. interest rate for second straight meeting, maintaining a patient approach to reversing the most aggressive policy tightening in decades. joining us is lizzy burden. talk to us about expectations around whether or not the needle does move the boe, given that 50 basis came through from the fed, unexpected by economist. does it change the thinking of the mpc? >> far be it for me to suggest that central bankers don't have their own mind. of course the bank of england is affected by what the fed does. if you have stronger starting, it makes exports more expensive, which holds back growth, which encourages rate cuts. you also saw in yesterday's cpi data services inflation ticking up. it was less than the bank of england had forecast. it was in volatile areas like airfares, but none the -- nonetheless we've had a cautious tone from andrew bailey at jackson hole. today the expectation from economist is that we will keep rates on hold. the split is likely to be even less finally balance and la

u.k. correspondent lizzy burden breaking down what to expect with u.k.tion and how that ties into the boe decision tomorrow. ursula von der leyen has drawn the battle lines, and the political sense for her second term in office, unveiling a top team which she hopes will make the eu more competitive. than up includes key roles for commissioners from france -- the new lineup includes quiroz for commissioners from france, spain. take us through the lineup, who holds the keys to power right now? oliver: as you mentioned, there is so many rules, so much information we got out. we really have to cut through the noise. who holds the power? the eu and all politics really is about the stick and carrot. the main takeaway is the nominee from spain, which was given this sort of new commission wishes both competition, i.e., the old one held, already one of the most powerful institutions in the eu, particularly on the stick front because this commission kindle out billions and billions that can door out -- this commission can dole out billions and billions in terms of

the u.k. hedge fund billionaire said he is thinking about moving to geneva, jeremy, pioneer of u.k. equity is already up sticks for switzerland. and they are not the only ones. we got a survey from s&p global saying that businesses are already putting off investments because they are waiting for this detail in the budget. unfortunately, few details have been forthcoming in liverpool, with still no investment minister and still several weeks until then. tom: let's hope we get the detail in the budget. lizzy burden at the labour party conference wrapping what we've been hearing out of that event. thank you, a lizzy burden, our u.k. correspondent. u.s. president joe biden has used his final address to the un's general assembly to double down on his support for ukraine. president biden: the good news is, putin's war has failed, but we cannot let up. the world now has another choice to make. will we sustain our support to help ukraine win this war and preserve its freedom? or away from that aggression in a nation be destroyed. i know my answer. we cannot grow weary. tom: bloomberg's news

caller: the u.k.? the u.k. has always been allies since the 20th century, you know, against nazism. i feel that chamberlain was a lot like biden and the guy who made the peace plan with iran. i just feel that the world does still need people on the right to keep things in order. peace through strength. if any of that relates? host: any comments? guest: yeah, i think it so interesting that on the one hand and the u.s. in the u.k. you have conservative parties that include that kind of strong government strong military instinct the caller is talking about, working hand-in-hand with actual neo-nazis who are proud to be neo-nazis and harken back to exactly the forces that we think of conservatives fighting about. it's a really interesting, challenging moment. i will just maybe add to that it's interesting that again, the u.k., frankly, the tory government as well that preceded this one, european leaders, really all quietly or loudly are dreading the return of a trump presidency and not, frankly, feeling that that b

let's get back to u.k.ics because rachel reeves is expected to promise the government won't return with the austerity cuts of the previous administration. she will address the labour party conference later today. lizzy burden is on the ground in liverpool. what can we expect. >> the warm white wine has been flowing and it should be the opportunity for keir starmer to do his victory lap. this is his first conference in power after 40 years of conservative rule. he's bought -- he's got this majority but it's been a summer of doom and gloom in recent days have been dominated by stories of infighting at number 10 downing street and freebies as well so here to take the temperature, i'm joined by kelly beaver. great to have you with us. we have labor elected, claiming to be more moral and fiscally responsible than the conservatives i wonder if the current polling suggests they still think that is the case now they are in government. >> they voted for a change and we might have half of them disappointed with what

., why can't it the u.k.just stop this from happening, or does it not want to? guest: the u.k. is probably the world's center of the offshore financial services business. it always has been. the u.s. is giving it a run for its money, but the u.k. would be slitting its own throat if it shut this down. i don't know if you remember, or if any of the viewers remember in 2016, right before the panama papers broke, then prime minister u.k. david cameron was making a name for himself saying he was going to crack down on the use of offshore financial centers. he was known for wagging the scolding finger at english boy bands, for example, who were incorporating themselves in ireland in order to avoid taxesm because ireland is one of the most used corporate tax havens. come to find out when the panama papers broke that david cameron himself was the beneficiary of an offshore trust established by his father. and of course, he knew about it. this was no secret. it goes to show something that we have also seen in all the

u.k.ime. wall street traders are betting the fed will engineer a soft landing spurring a rally in riskier corners, an all-time high. let's get more from singapore. what do you make of the moves in the session? the upside and whether this has legs? >> equities are celebrating, record high, asia's best week in a month, japan stocks held onto gains. let's not forget boj's decision to stand back has not come in void. you have soft landing narrative getting credits, hosts of bigger, better, bolder stimulus taking root in china, so all of these developments are shaping up nicely for global economy in most of stock markets are celebrating. you know, we did a poll recently, most expect value stocks. where is value? pockets which have not risen. tech or india, probably a lot of sectors, and a lot of names in china and if you look at say bank of america for fund managers there is a lot of optimism for the oil markets and japan and india. the buckets which have risen, deck stocks, they remain the top

the u.k.watching bbc news. ♪ ♪ >> just a quick line of news to bring you the has come to us in the last few minutes. this is a posting on social from donald trump. he says he will not be participating in second debate with kamala harris. there was speculation as to whether they would appear together on nbc for the second debate but he is saying in the last few minutes he has decided not to do a second debate. we have a panel coming up at 9:00. let's talk about ukraine. the russian president vladimir putin says the west allowing ukraine to use long-range weapons to strike russian territory would amount to nato fighting russia. there were signs the u.s. and allies are shifting position. poland added its voice to call for restrictions on ukraine to be lifted. u.s. a good terry of state antony blinken was in warsaw as he wound up his trip to europe. mr. putin said the move to do that would represent a major change in the shape of the conflict. >> if this decisis made, it will mean nothing other th

u.k. time.intel making custom chips for amazon boosting efforts to turn around the chipmaker, the details. this is bloomberg. ♪ tom: until shares have jumped almost 8% after saying it will make custom chips. let's bring in robert lee from our intelligence team. not often we have good news but this seems to be significant. a partnership with amazon. talk about implications. guest: nice piece of good news. going back 20 years the business model was idm, companies design chips, fabricate chips and what we have seen is aggregation with the growth of special companies. tsmc doing foundry. intel and trying to carry on with cost model it is expensive. intel's total headcount exceeds the combined of tsmc and nvidia. growth is tied to the pc market and does not match would it has achieved so there is a challenge. intel needs to develop growth drivers. this move in the foundry business step questions. tom: what does it tell us about the future? rob: it's we could see a breakup of business. cost heavy busi

the u.k., the u.s.g been a flash of their and three critical jobs where we see expansion. we alluded to the payments, both getting paid in making payments for small businesses. that is another -- >> you are primarily dealing with smes, small and medium enterprises. i just wonder if the landscape significantly has structural change following on from covid and during the types of cover, we spoke about the castle issues, the liquidity issues. are you still seeing those issues today? >> yes, we are. covid was a very difficult time. it started new businesses. that is the entrepreneurial flavor. many people actually started businesses in new ways. the persisted issue, pre-covid and now post-covid is really late payments. many small businesses struggle. so cash flow continues to be an issue we see through our data in every market we serve. we serve over 180 countries across the country. we continue to see late payments be an issue. that is what governments need to support. big businesses paying small businesse

u.k. time.hen later, jensen huang says nvidia is facing tensions with customers over shortages, and as demand for chips continues to boom, we bring you his comments. stay with us. this is bloomberg. ♪ >> we just got overcooked on the whole ai theme. it does not mean it is over. we are not believers this will change productivity in the short-term, it is a long-term story. tom: morgan stanley's mike wilson on the ai boom. one voice of many in that debate. jensen huang says the scrabble for a limited amount of supply has frustrated some customers and raised tensions. speaking at a tech conference in san francisco, he says the company is experiencing strong demand for its latest generation of chips but there are problems. >> the delivery of our components and technology and infrastructure is emotional for people because it directly affects the revenues and competitiveness. we probably have more emotional customers today and deservedly so. if we could fulfill everybody's needs, the emotion would go a

president joe biden welcome to u.k.nister keir starmer to the white house to discuss the next steps in support for ukraine including the question of whether the west will allow the use of its long-range missiles by ukraine against targets in russia. russian president vladimir putin rned against such a move thursday saying it would represent nato's direct participation in the ukraine war. ahead of friday's meeting the white house said there would be no policy change on u.s.-made weapons but president biden reiterated backing for you crying saying president putin will not win the war. shipping this.hank you for the united states will stand with you as it defends against russia's onslaught and aggression. putin won't prevail in the war. the people of ukraine well. >> russia's ambassador to the united nations echoed putin's warnings friday in an address to the united nations security council. >> if the decision to lift restrictions is really taken, from that moment nato countries are conducting direct war with russia. in th

we are here at the united nations general assembly in new york where u.k.ister keir starmer is due to address world leaders shortly. it coincides with president zelenskyy's visit to washington where he's been meeting with president biden and vice president harris at the white house. president zelenskyy outlined his so-called victory plan to end the war with russia. president biden announced around $8 billion of military assistance for ukraine which includes a new air defense system and long-range weapons. they spoke briefly after the meeting, doubling down on the u.s.-ukraine partnership. >> let me be clear, russia wl not prevail. russia will not prevail. ukraine will prevail and we will continue to send buy you every step of thway. >> today, we have a new support package. thisill be great help and the victory. we are prepared to talk about details. sumi: president zelenskyy initially planned to also meet with donald trump during his trip but that has since been stood down following president zelenskyy's visit to an arms factory in has a venue where he was

u.k. and across the world as well. 7:00 a.m. u.k. time, h&m earnings, an interesting gauge in terms of the consumer and the exposure to retail in the environment of a more challenge consumer. a touch point on the consumer in the u.k. and across europe. we will break that for you. 8:30 a.m. u.k. time, a fascinating one on the central bank front, snp of switzerland. that rate decision fully expected to cut, but by how much remains a question as inflation is on target but growth is challenged in switzerland. that will be crucial. we will break that for you, and it will be the last decision by thomas gordon before handing over the baton. we will get a gauge on initial u.s. jobless claims. we know increasingly fomc officials are switching their focus from inflation to the labor market of the u.s., and that is why that data point is particularly consequential at this point in time. bloomberg has learned in considering injecting up to 142 billion dollars of u.s. capitol into their banks. beijing

the u.k. and singapore, founding members running the policy track. we did our first coordinated counter ransomware policy statement last year. felicity will talk about the open scale of policy efforts she and her team are leading. felicity: we have been grateful for israel and the ui you to set up a platform enabling countries to share indicators of compromise, to work together in the midst of a cyber attack and help each other with the goal of making it riskier, costlier, and harder for hackers having to design a new attack each time. deeply appreciative of the row in australia leading the international counter ransomware task force with lithuania establishing a platform for countries to ask for help from each other. one country has already reached out for help and the united states is announcing a fund administered by usa to help with that work. finally, our colleagues in canada are meeting private-sector outreach as well. thank you to the u.s. the founding members of cri and the individuals

restriction on iran's ability to fly to the u.k. and europe.fficials say these iranian missiles have been used to strike civilian targets in ukraine. ant any blinken said this decision by iran further threatened european security. >> russia has now received ipments of these missiles and will likely use them within weeks in ukraine against ukrainians. russia has an array of itself own ballistic missiles but the supply of iranian missiles enables russia to use more of its arsenal to targets further from the front line while dedicating the new ones from iran to closer range targets. this development and the growing cooperation between ash i-russia and iran threatens european security. state speaking earlier.y of dr. marina may ram at kings college london is with us. thank you of can you explain more about what the secretary of state was referring to? what is the difference between the cruise missiles the russians have been using thus far and the ballistic missiles that iran is supplying? >> good evening. well, the difference between the cruise mis

i can tell you the u.k.ister did hold bilateral meetings with the prime minister of pakistan and also with u.n. secretary general. those meetings were productive meetings. a downing street spokesperson said the prime minister met the pakistan prime minister and they discussed at the deep relationship between the u.k. and pakistan, including strong people to people links, and on trade and investment. we are awaiting sir keir starmer speaking in a moment. we also understand that from the readout of the meeting that the british prime minister had with united nations secretary general, the readout said they discussed some of the most pressing global issues including ukraine, gaza, lebanon and sudan. that goes on to say the prime minister underlined his commitment to working with the united nations to tackle global challenges, including climate change and development. they also go on to say the prime minister reaffirmed the uk's commitment to the u.n. charter. here's the british prime minister now delivering his

we saw some of the u.k. newspapers reporting that the u.k.se in cyprus were starting to perhaps contingency -- put contingency plans together to evacuate ex-pats if they chose not to leave. but those messages have been coming for a while, and i think some people have left, but certainly plenty remain. christian: anna, sumi, thank. sumi is coming back at the top of the hour to bring us the interviews she has done today, notably within nato secretary-general, jens stoltenberg, who is outgoing, and also we will hear from the u.s. ambassador to the u.n. that is coming up at 9:00, so do stay with us for that. around the world and across the u.k., you are watching bbc news. ♪ christian: welcome back. sir keir starm has set out his vision for government. the prime minister said his party's slogan for change will mean nothing less than national renewal. the prime minister was trying to reset the tone after several weeks of damaging headlines. there wasn't much in the way of new policy. he announced that armed forces veterans and victims of domestic a

the u.k.'y which has been increasingly hawkish on big tech. let's go to the tech editor in london, amy thompson. what was the reasoning? amy: it was basically anthropic this not have enough of a market in the u.k. to have jurisdiction. we have seen this with a few cases that have taken on where they looked at microsoft inflection, for example, and came to a similar conclusion. they have had a look at these big tech/ai deals but there is not a lot of regulation happening. caroline: that is a theme. amazon's investment is being considered by the ftc. how much is it giving the big tech companies pause? amy: it is what we have seen from regulators in the u.k., the u.s. and europe. the dominance these big tech platforms have in the latest iteration is what the cma called a web of connections with some of these buzzy ai startups and if all the connections we are seeing, microsoft-openai is hurting the market. i do not know if we have seen anyone land a blow on big tech. the ftc has not given an updat

the u.k. announced it is suspending some of its arms sales to israel. secretary says the u.k. will suspend 30 out of 300 50 arms exports licenses to israel. he says the move is not an admittance of innocence or guilt but that there is a clear risk the arms might be used to commit violations of international humanitarian law. he says the u.k. continues to support israel's right to defend itself. on the ground in israel, protests after the bodies of hostages were recovered by troops sunday. democratic others -- demonstrators took to the streets in jerusalem and tel aviv to express anger against netanyahu. one hostage was a 23-year-old is really american. thousands lined the streets to pay tribute to him during his funeral in jerusalem. people are striking to put pressure on the government. businesses, schools and public transportation were disrupted before a court ordered everyone to return to work, ruling the strike was antipolitical. lucy williams follows the protests from jerusalem. reporter: israel protesters and the prime minister are old acquaintanc

government. >> i think the u.k. government should be doing a lot more.course it has to worry about it that his sins, but i think there are priorities. and we would have to leave for the fact that israel is bombing this country. >> tonight, these men are wondering if they could be the next to be bombed. they are the government civil defense team here in the city. and they just have a call telling them to leave their headquarters. an israeli voice claimed that there was a has below target nearby. the station chief fears that history is repeating itself. my daughter was kill in the war in 2006 in an israeli strike on the center, he tells me. i had brought her there for safety. my wife was badly maimed and is still suffering. i do not want to lose any of my men in the center this time. they sayhat they will work from the street to keep saving lives. bbc news, tyre. christian: let us go to beirut and speak to our colleague who is there today. just looking at the stream of traffic coming north. there might not be a ground invasion imminent tonight, but nobody

but, she is critical of the u.k. government. >> i 100% think the u.k.ent should be doing a lot more. of course it has to worry about it citizens. i understand that. but i think there are priorities. we would not have to leave for the fact that israel is bombing this country. >> tonight, these men are wondering if they could be the next to be bombed. they are the government civil defense team in the city of tyre . they have just had a call telling them to leave their headquarters. an israeli voice claimed there was a hezbollah target nearby. station chief fear's is repeating itself. >> my daughter was killed in the war in 2006 in an israeli strike on the center, i had brought her there for safety. my wife was badly maimed. she is still suffering. i don't want to lose any of my men in the center this time. they say they will now work from the street to keep saving lives. orla guerin bbc news, tyre. >> the white house said it was deeply concerned after hezbollah launched a missile towards tel aviv. john kirby told u.s. media he believed there was still tim

u.k.bbc news. ♪ ♪ >> more now on our top story. a fresh wave of explosions across lebanon. walkie-talkies have designated at a number of locations, killing 14 people and injuring hundreds. let's go to beirut and our middle east correspondent. hugo, do we know, first of all, is it possible to assess at this stage whether the people who have been injured are mostly hezbollah members, fighters, or are there also a number of civilians? we do know some children have been hit and killed yesterday. >> yeah, we don't have those details yet. we know that 14 people have been killed and the lebanese health ministry says around 400 feet deep others have been injured as a result of this -- 450 people have been injured as a result of this attack. one of the locations hit was a funeral earlie today here at a hezbollah stronghold in beirut. i was there. there was a lot of panic, a lot of chaos when we heard the large explosion that happened as people were gathered for that funeral. there was a lot of pani

the big thing the u.k. government needs to think about as import duties on materials.r chance to bring wind powered technology to the u.k., and i hope we don't squander it. >> the ferry company would like to operate more electric vehicles, but that is proving impossible. >> the u.k. grid is not designed for what it now needs to do, which is deliver power to us and other businesses around the country in the way we now need. like many businesses, we are clamoring for connections, but not giving any clarity -- not given any clarity when that will be. >> they have to make way for the $4 billion aircraft carrier, which has been an object of derision in britain after being plagued by breakdowns, including a driveshaft problem. is it impossible to fit warships with sales? >> of course we could fit a window into the aircraft carriers, but i don't think it is that practical. aircraft carriers do actually have a server speed of 30 knots, and that would be quite fast for this wind power technology. we would love to. i think it would be more of a publicity stunt rather than realit

u.k.is sending a note to google, saying it abuses one area of its business that accounts for 80% of total revenue. you can guess what it is. this is "bloomberg technology." ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh caroline: this is "bloomberg technology." you are looking at a live shot of the principal room. bloomberg tv and radio will have special coverage of abc's presidential debate between vice president, harris and former president donald trump on september 10. this is bloomberg. now the biden administration is preparing stricter export rules for quantum computing and semiconductor products. once again taking aim at china. mckenzie hawkins joins us for more, and this is getting ever more cutting edge. >> right. the rules we saw the bide

around the world and across the u.k., you're watching bbc news. ♪ >> u.k. flatlined in july for the second month in row according to official figures. manufacturing and construction declined, services spurred on by a busy summer of sport the only part of the economy to record some growth. the chancellor rachel reese said next month's budget will involve difficult surgeons on tax, spending and welfare. >> the british economy was supposed to have been boosted by a consumer sing spree around summer sporting success such as the euros football. today's figure and an experience at the seven aside league in manchester is the recovery is fragile. >> i would not say the cost-of-living crisis is over. i guess we are in period of change with the government changing. >> food prices went up insanely during covid and they have never come back down again. . we are still getting price gouged for day-to-day groceries. mort -- >> all the taxes and everything. i feel like they can be directed to people that are more well-off because we are struggling already. >> in northampto

the u.k.o grow its cloud business at into a string of expansions in europe and given britain's new labour government. you and i have covered many of these deals writing about virginia where aws pledges 35 billion through 2040 but it is still significant bet on amazon's footprint in the united kingdom. >> yes it is and it's in line with what they should be spending. you look at the u.k. chunk of sales this probably makes sense in the context because they are spending a ton on data centers. this year alone we've had announcements in saudi arabia, mexico, europe, germany and spain and now a full force saying we will stay relevant in the cloud market by spending more than anyone else. caroline: give us context to the need for compute to satisfy demand. >> it's at least two separate things. the move to the cloud, that's amazon and google. we also had this ai cocktail were folks had to afford these cooling that makes it happen. and on top of that power is scarce. so the real kind of land grab for cl

. -- the headline u.k. ukraine's decision on the western weapons used by ukraine. and they say that if we release the restrictions he considers us at war with nato. what do you think of vladimir putin's rhetoric? >> well, i think his rhetoric has been pretty consistent for two years. he has been threatening escalation. has never happened. when we provided more -- one more advance the weapon after another. and this time when we move restrictions, nothing has happened consequentially as a result of it. putin has got his hands full here. you know, he has got the ukrainian military inside his territory. and he is making some progress with his major counteroffensive, but it's not making the kind of exploitation progress he wanted to take significant amount of territory back. so, there are real issues for him on his side as well. and now, for the first time ever, is he waiving the flag that he may be willing to talk. we'll see if that becomes a reality or not. >> brian: this would be a big consequence of the elec

government, we were given a heads up by the u.k. government, but this is their determination, something they have to speak to on how they got to that decision. we are determined to get and committed to get the cease-fire deal. our commitment to israel's security remains ironclad. that is something we are committed to, and we have said this from the podium many times, israel faces a number of threats from throughout the region, so that is ironclad. that has not changed, but we are trying to get that cease-fire deal. working around the clock, that is what we want to see, that is our focus. >> [indiscernible] >> obviously, we are aware of putin's visit to mongolia. we have said before we do not believe any country should give putin a platform to promote his war of aggression against ukraine. there's no doubt that russian forces and other russian officials are committing war crimes or other violations of international law in ukraine and we have been clear that those responsible must be held to account. we expect that uncle leo will adhe

the weather in the u.k.n a real blessing for retailers as they start to trade into their winter on winter ranges. the weather being dreadful will stimulate demand which is wonderful and sets retailers up with confidence as they move toward the christmas time. we have trained consumers to wait until black friday offers come through and then we see big spikes. it is going to be a critical trading. . >> pushing through further discounts but given the margin of pressure. >> once you have bought all the merchandise and invested in stock, if it is not selling through at the rate you plan to, you have to mark down and realize your cash conversion. i think some of them will be better positioned than others but it is going to be a challenging season. the season is completely critical for breach of the profit. it remains to be seen what that's going to look like. >> what else are you watching for? in an environment where you describe the consumer is being promiscuous. interest rates expected to come down. it was reall

and u.k.th countries produce fewer long-range weapons -- far fewer than what ukraine wants and needs. ukraine argues, give us whatever you can. putin's threats are empty. the use of the weapons fits into the longer -- larger strategy. geoff: and on that point of shortages, the u.k. has problems of its own with its defense posture amidst written's budget problems. it could lose its next conflict unless it increases its fighting power. but as our special correspondent reports, military leaders are steeling themselves for more cuts from keira starmer's government. reporter: when it comes to ceremonial duties, british forces are arguably the best in the world. ♪ but in these volatile times, britain is a shadow of its former glorious literary self. >> if we fight using the old ideas that charters us, we lose. reporter: the new head of britain's army which has not been this small for over two centuries. britain's top soldier says it is time to wake up and revolutionize. >> we have got to poll the fu

-u.k. relations. c-span's "washington journal," join the conversation live at 7:00 eastern friday morning on c-span, c-span now, our free mobile app, or c-span.org. >> now, vice president and democratic presidentl nominee kamalaarris speaks to suorters in greensboro, north carolina. this was one of two valleys in the battleground state following tuesday's presidential debate. this is just under 30 minutes. >> good evening, north carolina! [cheers and applause] good evening. [cheers and applause] coverage. yeah, we're doing this. yes, we're doing this. we are doing this. [cheers and applause] good evening. it's good to be back in greensboro. can we hear it for jasmine, please? [cheers and applause] i tell you, when i hear our young leaders, i know the future of our country is so bright. so bright. so bright. and it is so good to be back in greensboro. you. i want to thank the incredible governor roy cooper! thank you. your next governor! [cheers and applause] representative manning. mayor. the countles

the u.k. public finances are more robust than any other. he inherited a lower deficit than france, italy, america. >> i don't need a reaction like that. quickly u.k. currently has a lower deficit than ranch, america italy and japan. it has the second lowest debt in the entire g7 and he opposed every difficult decision and we are going to deliver that so absently not going to take any lectures from him. this is about protecting ordinary people. a low income pensioners with just 50,000 pounds receives not only the fuel payment but also 100 pounds of cost-of-living support. both of which he has now scrapped. cutting the ridiculous allowance is the wrong policy. admit this morning we learned that the vast majority of the poorest pensioners see that support removed. so can he tell the house very specifically to the pensioners watching how much support a venture on 30,000 pounds will receive this winter? he talked about tough decisions, it is tough. that is the inheritance we not going to do that? no prime minister want to do what we have to do.

on that point of shortages, the u.k. problems of its own with its defense posture amid britain's budget problems. the british army's new chief has warned could lose its next conflict unless it increases its fighting power. as malcolm brevet reports, military leaders are steeling themselves for more cuts from keir starmer's more -- new government. >> when it comes to ceremonial duties, british forces are arguably the best in the world. but in these volatile times, britain is a shadow of its former glorious military self. >> if we fight using the old ideas, the chances are, we lose. >> pictured receiving a gallantry medal from the late queen is the new head of britain's army, which hasn't been this small for over two centuries. >> we have got to pull the future of fighting power into the present faster than we thought we could. >> do you think we could last for days, weeks? >> not very long. it is simply not long enough to fight any kind of protracted conflict. terry analysts rupert jones helped orchestrate the defeat of i

the situation in syria was really bad so we came to the u.k. around 2014.this like nice apartment in grenfe will, l tower. >> can you take us back to the day what you were doing before the fire started? >> we were invited for -- at one of our friend's home and then like just some of us decided to go outside for desserts but me and my brother were set to go back to the tower so we could sleep because we had to work the next day and i started to hear some noise around me. shouting and screaming. police cars, ambulance, firefighters, we did open our door and we were shocked by the amount of smoke. we rushed out saying please help, help, we are here. we need to leave now. i don't understand why we couldn't leave. the last thing i remember is i was in the corridor area then i remember someone pulled me from my like t-shirt from my neck. someone was giving me to a firefighter then another firefighter. i think the was a line of firefighters. i did not think that my brother was not with me. >> when did you realize that your brother had been left behind? >> i looked