same with u.k. public equities.ulation and lack of competitiveness means the uk's public markets are smaller than canada's. that's not a good signal for our markets here and they require support. so i think that's what we are looking for. how much is the anti-competitiveness movement impact u.k. versus others. lizzy: you also say private wealth is increasingly interested in private equity, why do you think that is? >> because of diversification. you have a very interesting time in the market for the last year, year-and-a-half, fixed income was a great place to be. now you may want to dial into equities but equity valuations still remain punchy. private equity means diversification to wealth portfolios around the world. and it means you are able to enter certain sectors, certain geographies and good sensible pricings between eight to 16 times depending on the sector. that's a good entry point compared to publix. lizzy: what are you focused on this season? >> looking for earnings normalization and looking for where gu

u.k. prime minister keir starmer vowed to rip up red tape and pitched his vision to britain to executives at the international investment summit in london. we will have coverage. we will be speaking exclusively with the prime minister later today. tom: happy monday. european futures currently in lackluster territory after ending last week in positive territory, fresh records coming through on wall street by the end of play on friday, the earning story out of the banks particularly jp morgan lifting sentiment. another big week in terms of the earnings story with the likes of goldman and citi fleshing out their details read in europe, asml later in the week you have economic data in terms of retail sales out of the u.s. we have that decision from the ecb on thursday expected by markets to come through with a third cut. let's check on the markets in terms of how futures are positioning. european futures down 0.1%. s&p e-mini's off by 1/10 of a percent, nasdaq futures down 2/10. cross asset, m

let's focus on what else is coming through for you today. 9:30 am u.k. time. u.k. mortgage approvals. touch on the health of the housing market as the bank of england gradually, slowly purchase rates lower. 2:00 p.m. u.k. time, u.s. jobs data. job openings are important. we know the fed has an eye on that. on the earnings front, it's a big one when you kick off mag seven earnings with alphabet crossing later today. the team will be breaking those earnings. the stock of about 22% year to date. focus on the cloud division of course at alphabet. coming up, we will switch focus because the israeli prime minister says he is open to a short truce in gaza and -- in what would be the first cease-fire deal with hamas in nearly a year. we bring you the details. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. israeli prime minister benjamin netanyahu says he is open to a short truce in the country is more with hamas that would lead to the release of a small number of hostages still held by the iran backed militant group in gaza. does this suggest that a

u.k.e with a survey forecast of 150,000 for the month of september. but importantly as well, the employment rate expected to stay stable at 4.2%. if that moves higher or lower, of course, that could feed into the bets on where the fed goes next, with 25 or 50 still being debated. markets pricing in around 60 to 63 basis points of cuts by the end of the year. the geopolitics remain central, the tensions in the middle east, and that is also feeding into the sideline view, at least for some in the markets, until there's more clarity on the response from israel to iran. european futures currently edging higher by 0.1%. losses of around 0.9% yesterday. ftse 100 currently flat in the u.k. s&p and similar territory. nasdaq futures -- s&p futures in similar territory. let's check in across asset before we get to the asian market deep dive. currently on the u.s. 10 year, 3.84, there's going to be sensitivity on the front end of the u.s. treasury curve, particularly on the nonfarm payrolls data. job

plus, the u.k.ncellor promises to rebuild britain and boost public spending in labor's first budget in more than a decade. we will break down all the details for you. let's check in on these broader markets. you are looking at u.s. futures, especially way down given the tech hit after hours. we were discussing that with annabelle droulers earlier. s&p e-mini futures down more than half a percent currently. we've had lots of thank earnings to factor in already this morning. a 2 billion euro buyback. 2 billion euros, also results out of spain for bbva. we will have interviews with them later in programming as well. but if we put the port over to the cross asset picture, you are looking at the 10 year u.s. treasury yield low or three basis points at 4.27% currently. traders having trimmed best slightly out of fed easing off the back of the latest u.s. economic data. the yen, 152 handle as we digest the boj decision and await the press conference from governor ueda. the pound back at one dollar 29 off t

whether we are taught about the u.k.we have a very risk-averse kind of climate and it is costing us. >> this is where i want to play devils advocate. if you are saying in one respect you are cutting regulation and on the other you are setting up new regulation through a workers rights package, are they walking the walk? >> we just don't know yet. i don't mean to wriggle out of your question. it is going to be finding a balance. the early moves on planning regulations and cutting that, very well received. there are various different levers the government can push on. a country that wants to grow needs to build, needs to invest, needs to do research and development and these avenues have been stymied for quite some time but to do that when your party faithful is expecting to see moves on work is rights, cutting zero our contract and all these other things, it is tough to do. people go in to government because they want to give things away. they want to be popular. >> describing the contracts, the firing and the hiring pna

inflation data out of the u.k. at 7:00 a.m. u.k. time on a core basis, to what extent will that lock in a further cut from the bank in november? 4.03 is with a 10-year is yielding stateside. still parsing comments from fomc officials. brent up zero point 4%, israel says it will decide how it will retaliate against iran. gold up 0.2% so far in the session. avril hong standing by for a check on the asian markets. >> asian markets in a somber mood. that is how they started the day. what do you expect when you see a tech selloff in the u.s.? that sector has been driving the rally, when it turns tail, the pain tends to spread, and we have seen regions on the benchmark down today. msci asia pacific at its lowest level in three weeks. the tech heavy gauges are among those taking a beating, particularly bad bleed on the nikkei, the weakness in the japanese currency can't be helping things along. after all this question about the ai rally, we are getting more good news in the past 15 minutes hearing from the hong kong chief executive policy

x keir starmer rejects that the u.k. is raising capital gains to the highest as he tries to calm down investors ahead of the budget. more from our interview throughout the hour. ♪ >> it's a big day for earnings but erickson coming through with earnings in terms of numbers, adjusted earnings, 7.3 billion, estimates were a beat. 46.3% for erickson, fourth quarter adjusted margins 47 or 49%. deal kicking in, stock at 29%, 24% in fact. we will watch that at the open. yes we had another record powered by technology. positive session, volatility in chinese stocks. adding 3/10 of 1%, snp looking to add a 10th of one percent, let's flip the board. caution, patience, euro-dollar softer, we lead up to the ecb decision. gold is at 2642 so let's cross over to avril with a check on the asian markets. avril: positive handle is trickling through with japanese equities leading the charge, tech cyclicals lifting the nikkei to levels we have not seen since july. ahead of earnings but also weakness in the japanese currency with lels we hav

u.k. time. the opening trade is next.mberg. ♪ it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. >> i am

the u.k.it by agreeing to look at ways of getting -- the british prime minister sir keir starmer says the issue is not up to the summit in samoa and apologizing for his part in the slave trade. >> a warm welcome for the king -- when they gather, and here, the point of dispute is over justice for historic -- caribbean leaders want the prime minister to apologize. >> the principal must be established, the conversation needs to be had, and some decision has to be made, how do you go forward with dealing with the issue of reparations? so once you broach the subject, it may take a well for people to come around, but come around they will. >> it has taken many forms. it could be -- so some asked whether instead britain could instead form a colonial past, but some are asking if that involves -- sir keir starmer says he wants to take challenges, these leaders are facing change in economic growth. back in the u.k., his chancellor just days away from a -- cash-strapped budget make clear the complicated

the u.k.to loan ukraine 2.3 billion pounds to purchase military equipment paid for by profits generated by frozen russian assets. the funding comes as part of a wider 50 billion dollars package from g-7 nations announced in june. g-7 allies have collectively frozen about 200 $80 billion of russian central-bank assets with the majority in europe. italy's government has passed a new law to overcome a court ruling that blocked the prime minister's plan to send asylum-seekers to albania. 12 migrants were returned. they originated from countries that cannot be recognized as safe. italy's cabinet has approved a list of 19 so-called safe countries to allow the plan to continue. we will have a conversation with the asml ceo as part of the bloomberg tech conference at 9 a.m. u.k. time. this -- the ceo speaking for the first time since that surprise cut to the outlook. coming up, europe's biggest software companies sees cloud sales job. we will speak to the s.a.p. ceo next. the is bloomberg. ♪ ♪ tom: go

the u.k. to responsible global leadership because i think the international system can be a better. we need it to be better. people talk about an age of polarization, impunity, instability and unraveling of the u.n. charter. i fear that a sense of fatalism has taken hold. but our task is to say, no. we will not accept this slide into greater and greater conflict, instability and injustice. instead, we will do all we can to change it. this is the moment to reassert fundamental principles and our willingness to defend them. to recommit to the u.n., to internationalism, to the rule of law. to work together for peace, progress and equality because it is right. yes, absolutely. also because it is plainly in our self interest. we are ready to step up in a spirit of respect and equal partnership. i don't claim solving these problems is easy but they are positive practical things we can do together. let's start with addressing the rising tide of conflict, at preventing a regional or in the middle east

to the u.k. and economic forecast a pivotal day, rachel reeves with her package of tax hikes will set the tone for the rest of the decade, the rest of the decade. lizzy burden, remind us of changes we are expecting? lizzie: leyba made some major promises. no tax hikes on working people whoever they are and we are expecting to see how far rachel reeves is willing to stretch this whole. expecting revenue including a rise in contributions for employers which would raise 20 million pounds. labor had no plans to increase taxes but the point is rachel reeves really wants to make sure spending is covered. for the longer term she laid the groundwork for a change, 70 billion pounds over five years and the question is the extent to which she can grow the economy. thom: whatever they say will be consequential. that leads to a question about the bank of england given their next meeting. lizzy: we have to ask whether the hammering they took was the extent of it? we do not want a repeat. it comes back to wheth

the u.k.aunching its investment summit on monday with the budget at the end of the month. omits warnings from the labour party of paying ahead and higher taxes and tougher rules brought by the conservatives this year, how many of the super wealthy are actually leaving the u.k.? according to the millionaires tracker, the u.k. is set to lose the greatest proportion of billionaires in the world within this parliament. he predicts the share of the population who are millionaires will fall by 20% by 2028. the institute defines millionaires as those who have over one million u.s. dollars in net wealth across asset classes. including but not limited to cash shares, poverty, and private pension funds. so does in exodus matter? i'm joined by phil white, who joins us on the line. you are from the patriotic millionaires co., do you think even if some people are leaving, does it matter? some people would argue the extra taxes paid by the super wealthy did amount to a great deal in the overall government f

in the u.k.ther alternative voice, in other words, we have a problem in the u.k. with a kind of ideological bias, shall we say, from the major mainstream media channels. not so much, if you see bbc news it's not necessarily politics, but they try their best to be impartial, but there's an ideological bias when it comes to issues now known as woke issues, what i might call the critical justice movement, and so, the channel was set up foe that conversations could be had which are not being had elsewhere. >> besides the bbc, would you say that sky news might have a bias issue as well? >> ideologically 100%, similar with channel 4 news. i would say all of them. i would say that they do try their best to hold people to account from both sides of the aisle, but when it comes to issues of gender, race, the identity of sex, movement that is control of the various major institutions, both in the u.k. and in the u.s., certainly in canada, the bias is absolutely palpable. so you need to have another channel

caroline: coming up, how the u.k.rime minister is looking to win over skeptics with a plan to lead artificial intelligence. that is next. 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 ed: after early confusion around the u.k. labour party's commitment to ai, the prime minister is positioning himself as a champion for ai at his party's inaugural investment summit last week. he even appeared alongside the former google ceo and called ai an opportunity rather than something to be scared of. let's bring in mark bergen out in london for us. let's ask the simple question, what is the u.k.'s ai plan? mark: we do not know it yet. in our store, we talked to secretary peter kyle who runs the department here. he said they are coming out with a twofold st

u.k. time. 7:30 am u.k. time, the riksbank governor will be speaking. we will see if he says anything about the outlook when it comes to sweden's rate policy. apparatus in the thinking of that. 12:30 p.m. u.k. time. meanwhile, the ecb meeting minutes. they are increasingly suggesting that this month is live for a potential third cut from the european central bank. 1:30 pm meantime. it is that u.s. inflation data expected again to build on the picture of a move towards that 2% target. valerie was out riding for us. that's 1:30 p.m. u.k. time. we will see how much sensitivity there is in the markets now to the inflation data of the u.s. you can get around up of the stories you need to know to get your day going in today's edition of daybreak. terminal subscribers can go to dayb on the terminal. cost-cutting at hsbc. one of the top stories on that daybreak page right now. the new ceo making a move at that thing. coming up, the spanish economy minister urges the eu to avoid a protectionist esca

in the u.k.ncellor tells -- she would not want to repeat the 40 billion pound tax rise budget and she wants to faster growth. >> i say to working people i would not increase your national insurance. i will not increase your vat. i will not increase your income tax. >> in the u.s. election, donald trump and u.s. -- can't jump in, harris continue their tour of states with both holding competin events in the state of north carolina. the first case of mpox has been detected in the u.k. ♪ welcome to the world today where we bring you an hour of international news from the bbc. we come on air with developing news from spain and at least 95 people have been killed after flash floods hit on the south and east of the country. one region in valencia received their equivalent of one years worth of rain in eight hours. cars have been swept away and infrastructure like roads and bridges have been severely damaged. these images were taken by someone living in valencia and they give you a sense of the power of

christian: why not the u.k., you're a representative to the u.k., what are they saying to you?ot a matter of if but a matter of when. they say this is right for the palestinian people and will do it. christian: is it recognizing state first or peace process first or do they come together? >> what we are telling them about recognize palestinian state is prerequisite of peace and not a byproduct of peace. it's a moment when you come to and deliver for the cause of peace. you spend political capital and you say ok, here is the path forward. the path forward is two states. if you believe in two states, confirm it by your actions and not just lip service. and admit pakistan as a full member of the u.n. and the whole thing will flip upside down in the right direction. it's now about israel and palestine and we don't discuss the fundamentals but discuss minor details. we need clarity and it is all right and we believe the british government should do this in weeks, not months. christian: we've been squeezed a bit by the govnor of florida and we'll take a short break and be right back

it has been hundred u.k. since then. >> do you not feel that the people of the chagos islands have been badly treated over the years? they were forced to leave the island over half a century ago. >> we were forced to move to mauritius. there was a deal on the back of this, compensation, agreements to relocate. they were treated worse in mauritius than the treatment we were forcibly removed. we were treated as a second-css citizen. the people who were sent to -- they did not receive any penny for that compensation and to this day they have not received anything. >> thank you very much are being with us. a third generation chagossian. thank you very much for your time. let me tell you, that -- it is not for the first time actually, but after a four-month delay in belfast, a cruiseship has finally set off on its three and a half year crews. there was a false start the other day. where is it going? the owners say it is heading for france and then the bahamas. the passengers appear to have been told they are headi

does the prime minister have any ambition of recovering u.k. sovereignty over those three other areas of law and thereby restoring the equal citizenship of my constituents and ending their disenfranchising in respect to making laws that govern much of their economy? p.m. starmer: i thank you for raising that issue which of course is an informed issue. the framework was negotiated by the last government and we supported it and continue to support it and will make sure it is implemented fully and properly. >> one into children and my constituency live and poverty after housing costs are taken into account so i welcome the government's commitment to tackling childhood poverty but we know that every year childhood poverty has a long-term impact. can he tell us when he expects that to report so we can see action? p.m. starmer: it is appalling that child poverty has risen to 700,000 since 2010. the last government did so much to bring it down. tackling that is our mission. a task force is developing a report to reduce child poverty and it will be pub

u.k. time. u.k. authorities are taking a tougher approach to calling back debt from collapsing businesses. sovereignty specialists say it is part of a government bid to squeeze an extra 5 billion pounds in revenue. corporate rescues are more difficult with the increased use of debt collectors ahead of the labour government's budget next week. bloomberg understands that cdn are is near a deal to take control of santa fe's -- sanofi's consumer health unit. sanofi and the u.s. buyout firm are set to announce exclusivity on the deal as early as today. striking boeing workers are to vote on a pay deal as the struggling planemaker releases results. we bring you the latest on that negotiation. this is bloomberg. ♪ ♪ ow! whoa! watch where you're going. yeah mom, pay attention. what if it's a concussion? hang on, i'll look it up. uh... i'm probably fine... probably? we noticed something wasn't right and got her to a doctor. i thought i was okay, but i had a concussion. sometimes, it's hard to tell on your own

but now considering adding u.k. stocks.about the expansion. >> the first priority is making all the great funtionality that we were known for in the u.s. available to u.k. customers so margin investing coming in the coming weeks. there's a huge demand for options on u.s. equities because that is hard to come by here in the u.k. market. we feel like we can differentiate with u.s. offerings but we're looking it multi-currency wallet and london stock exchange. >> what time frame? manager in a couple of weeks and every couple of months something more? >> that is the idea. we have a long backlog of things and we are continuing to build new things. we have tacked a little bit about new asset classes that are likely going to come to the u.s. like futures trading. but we think robin hood can offer a differentiated service for u.k. investors that want exposure to broader markets. caroline: the u.s. is leading the charge in deployment of artificial intelligence. it was said a playbook is being applied in asia pacific but it is a clea

in the u.k., you can find a list of organizations that can help at this website. outside the u.k.iend ers.org. the former chief executive of abercrombie and fitch is about to appear in court in new york on sex trafficking charges. mike jeffries, his partner, and a third men are accused of tempting men to sex parties with the promise of a career in the fashion and modeling industry. the fbi launched an investigation into the 80-year-old former fashion boss after a three-year bbc investigation reporting on the allegations last year. lawyers for mr. jeffries and his partner have denied the charges. our investigation correspondent has been working on the story for three years and sent this report. >> i'm outside of the federal court in new york where mike jeffries, the former ceo of abercrombie and fitch, is due to appear. earlier this week he was arrested on sex trafficking charges. this all comes off the back of a bbc investigation which revealed allegations that he and his british partner matthew smith sexually exploited young men that they hosted around the world. these took place

u.k. time. 7:00 p.m. u.k. time, the minutes coming through from the fomc.t crucial meeting of the fed back in september when they cut by a jumbo 50 basis points. we know there was dissension from michelle bowman, but to what extent was jay powell consequential, using a soft power to persuade others on the committee to go for 50, where their doubts about that. we get more clarity on the question of the fomc minutes as traders price and another 50 basis point cuts by the end of the year. florida residents coming out of -- running out of time as hurricane milton ♪ tom: i'm tom mackenzie, chinese stocks tumble. finance ministry outlines fiscal plans on saturday. breaking up google, alleging it promotes its search service. hurricane milton heads to florida potentially causing damage. president biden says it could be the worst in one century. china front and center, a briefing watched by investors. you've had central-bank action, now expansive measures to support consumers. a bit of a move in commodities. msci is up. that compares to a drop of 6%, you've paired l

it is launching across the u.k. this summer, our original home. it's great to see you. the u.k.teresting. explain the basics. why? what's going to happen? >> we've been getting incredible traction in the u.s.. where the most-watched free tv service in the u.s. now. audiences, cord cutters, they want to watch content for free. they don't mind ads and return. they want a large collection. ed: cord cutter and cord nevers. caroline: like gen alpha, gen z. anjali: it's not like they stopped subscribing to cable, they just never did to begin with. tubi has an incredible formula. it's resonating with audiences. we believe we can bring that value prop to u.k. audiences. we've done the same in canada and latin america. it's a global opportunity. that's what we are looking to pursue. caroline: how does the content get involved? do you have originals made by the u.k. for the u.k. audience or are they global demand streaming? anjali: tubi has done several things. we license and acquire content from everyone. we have a vast selection of opportunities and shows. we have invested in originals.

we have suspended u.k. export licenses to israel for items that might be used in the current conflict in this government -- and this government says there's a clear risk israel might be violating him into syrian law in gaza -- violating humanitarian law in gaza. we will do so in a manner consistent with our obligations to international law. >> thank you. >> mr. speaker, our child protection services have had to deal with a number of cases where parents and carers have argued that their fatal actions were lawful punishment. willow deputy prime minister put forward legislation bringing the rest of our country into line with scotland and wales so all children enjoy unambiguous protection in law against violence? ms. rayner: i think it's a very important point that the right honorable gentlemen raises and i will make sure that the minister has a meeting. the first thing is to protect the citizens and that includes our children and we will work across the house to deliver that. >> last friday, with international

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

u.k. time.he news conference will be a half-hour later. here is what else to be thinking about today. we are expecting earnings from tsmc to drop at 6:30 a.m. u.k. time or thereabouts. we will bring those to you live and bring you the analysis because of course after asml's fortunes and challenges particularly around the industrial demand and the auto demand for chips and equipment that asml provides to the chipmakers, the focus now firmly switching to the giant that produces those chips for nvidia and apple. to what extent will the team continue? the sales release recently were still strong in the stop is up about 26% year to date. we will bring you that data live and give you the context. the ecb rate decision, markets almost fully expecting another cut. the press conference arguably will be the more important piece of the story today around the european central bank payment at 1:30 p.m., we will get data out of the u.s., retail sales expected to tick up, 0.3% increase from 0.1%. we know the c

now to the u.k..me minister has promised to stand firm during what are likely to be difficult negotiations to forge closer ties with the european union. he made his first visit to brussels as british prime minister yesterday. meeting with the commission president ursula von der leyen. >> we are determined to put this relationship back on a stable positive footing. we all want to see that. >> our alignment on global affairs provides a good foundation for bilateral relations. we have a set of solid agreements in place. we should explore the scope for more cooperation while we focus on the faithful implementation of the withdrawal agreement and the tca. tom: bloomberg's u.k. correspondent is in brussels and joins us now. so is this a new dawn for u.k. eu relations? >> i arrived in brussels to a rare sight at the european commission. the union jack flying here. it was here yesterday. it was gone today. that was an uncluttered bully -- incredibly frustrating press conference last night. more vibes. no deta

and good news for the u.k. economy as the imf improves its predictions for growth.ght that affect next week's budget? we start in russia where president putin is welcoming more than 20 heads of state to a summit which moscow describes as one of the largest scale foreign policy events ever in russia. among leaders, is china's xi jinping who mr. putin described as a dear friend. mr. pruden said russia and china should work together to create what he called a just world order. also attending, the indian premise during narendra modi and the iranian president. them leaders in china, india, south africa and many others and putin did not say it but the pictures said it and the west may see him as a pariah but there are many world leaders who are ready and willing to do business with him, more than 20 heads of state are here this week but, this event is not just about symbolism, sending this message, it's about sending, russia, russia views brics as tool, as a potential political force to try to reshape the global order and that is what it is going to try to do this week an

will there be a national insurance rise in the u.k.'s upcoming budget.a machine straighter hasn't ruled one out. it's one of america's starkest warnings yet to its long time ally, a strongly worded letter from the u.s. to israel's government and says if it doesn't boost humanitarian aid to gaza the next 30 days it could see military assistance stop. the letter was written two days ago and called on urgent and sustained actions by the government this month to reverse the trajectory. let's go to our correspondent in washington, gordon kerara. does this letter come as a surprise to people in washington? gordon: it has come out of the blue in one sense but the state department in the briefing the last hour or two said it isn't new in the sense they've been pressing for more aid to be able to get into gaza for some time. their point was back in april, they made representations to israel about the problems of getting aid in and that led to an increase in that case of aid deliveries getting back up to 300 to 400 trucks getting into gaza. but the state departmen

>> a look, is think the u.k., u.s.are allies and friends and will -- are democracies per good that is the difference between us and hamas, hezbollah and of the regime in tehran. whatever people say about israel , the tragedy that unfolded in gaza or lebanon, the heart bleeds for the people there but in the end, israel is trying to deal with people who want to wipe them off the map, wipe the jewish state and jewish people off the map. and that is very hard to deal with. and think the lesson of the last few years is that democracies over the world and it freedom loving countries need to come together and stand up for our values, it means we cannot let israel be destroyed in that way per we have to stand with israel. >> martha: does that mean that this is a moment in history for those iranian nuclear facilities to be taken out? >> if you look at the story of the irani and it nuclear development program the last few years, they, you can see a story of grandmother's footsteps tiptoeing towards the ability to use nuclear tec

on wednesday at the u.k.udget, the balancing act of rachel reeves and the prime minister, where will tax hikes land? on thursday, apple and emison reporting this week. coming up oil plunges after israel strikes against iran. we discuss what it means for diplomacy across the region. phillips cuts its sales forecast citing tepid demand, we speak with the ceo about that at 6:40 a.m. u.k. time. this is bloomberg. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven in

around the world and across the u.k. you are watching bbc news. for u.k. viewers, breaking news.irman of the indian conglomerate has died at age 86 credited with diversifying the company in the past 20 years. tata is one of the world's biggest groups of companies with a revenue of 160 $5 billion in the past year. under his leadership he acquired british brands like land rover and u.k. steelmaker chorus, which was seen as saving the british steel industry. the chairman called ratan tata a groundbreaking leader that changed the face of our nation. the chairman of the tata group dead at age 86 and welcome back to world viewers. more than 50 florida counties are under a state of emergency. there are mandatory evacuation jones -- zones in 15 counties. some have refused to evacuate. you heard in gordon's report earlier that the florida attorney general has advised the people that are staying to write their name on permanent -- in permanent marker on one of their arms. there are those that were just outside the evacuation zones that have a choice to make. joining us is sam a mcgraw who

if it's more european, more u.k., it has to come up with a sizable offering and a lot of liquidity. there is an investor base but it needs to be the right type of company to go public in the u.k. at the right time. caroline: let's talk about arm. they have often taken questions as to whether they are doing another offering, a secondary listing in the u.k. we are thinking it might be getting in the mix of what we are in terms of m&a as well. what do you hear? matt: the arm ipo has been a huge success in the u.s. in the months and quarters after an ipo like to concentrate on liquidity and a single market. that has been the focus for the company. over time it could make sense to open up another listing, just like most european companies have adr's listed in the u.s. i think that is something they are thinking about doing in the near to medium term. it is not eminent. from an m&a standpoint, arm has not been a terribly inquisitive company. because they have become central to the ecosystem and more activities happening ar

meanwhile, bret, the intelligence community is focused not on the u.k.much but russia definitely for election interference. officials say viral video circulating on social media last week, that purported to show one of tim walz's former students in high school accusing him of wrongdoing is fake. >> the supposed person may actually be artificial intelligence. the real student came forward and said his name is wrongly used and the allegations are false, full stop. we expect to see more of this kind of stuff hang, unfortunately, leading up to the election on both sides. >> bret: we're going to be talking to some senior officials about all of that. specifically the computer side in coming days. david, thanks. >> david: thank you. ♪ >> bret: breaking tonight, the u.s. has 3,000 north korean troops have deployed to russia. they are training at several locations, we're told. the biden administration calling the move very serious and warning those forces will be fair game if they go into combat inside ukraine senior white house correspondent has details tonight

after wearing reports that the government may have intervened to stop a visit to the u.k. by the former taiwanese president, can the prime minister confirmed that the foreign secretary will use his in beijing this week to condemn china's dangerous escalatory acts? >> i thank him for his question. the continued military activity is not conducive to peace and stability and stability in the taiwan straits is in all of our interest. on the wider point that he raises, we will cooperate will begin his permanent members of the un security council, issues like net zero, health and trade, and where we have different interests but challenge to the point he makes is absolutely right where it is needed to protect national security, human rights and our values. and we will put the challenge in. >> given what the prime minister said, and i agree we must engage when we should use that engagement for a national interest. i hope that the foreign secretary will unequivocally condemn this military escalation and stand up for democracy in taiwan. now the whole house will be concerned about th

alex kendall is the wave cofounder and joins us now for the u.k..so interesting about wave is no focus on the hardware. no focus on the car is just the foundation model, the robotic brain that helps a car learn how to drive itself. let's start by asking why you felt you need to bring the testing to california to the streets of san francisco. >> we are excited to bring a fresh product approach to the u.s. market. i think in general being able to operate in ai at such a diverse market is good to be awesome for us. the need about this approach is it can allow all ranges of automation from driver assistance up to full autonomy different types of vehicles in different driving environments and different cultures. we are now training -- trading with data from over 15 countries but to have a testing fleet on the ground and show that in ai can generalize and drive in a new environment like the u.s. in california. this is a really exciting moment for our business. >> juergen a start with basically level two functionality so you don't need a dmv permit but wha

the u.k.to examine justice for the transatlantic slave trade. the u.k. government insists the issue is not on the agenda but diplomatic sources are looking out in the agreement that could open meaningful conversation. leaders of boeing have turned down a labor contract by a wide margin. the international association of machinists and -- aerospace workers rejected a 35% pay increase over four years. the deal was turned down shortly after boeing reported $1 billion in losses. we are going to go back to our election coverage. under two weeks left until the election, all of the correspondents we have around the country covering what is happening as candidates are crisscrossing battleground states. our correspondent is in georgia, were kamala harris will hold a rally this evening. you have been speaking to voters. tell us what they have told you. >> it is not just the vice president who will be campaigning here. for the first time former u.s. president barack obama will be joining her on stage. he

for example the u.k.ssion against houti targets using typhoons, and a very good source informed me that two azram missile, advanced short range air to air missile which has an ir seeker head with a good range. two of them were launched by typhoons to take out houthi drones. if you have 20 drones then this will be a difficult thing to counter. they can carry about four and those missiles are more than $200,000 a pop. the next layer of defense could be used the cram, and if we could go to a bit of footage, please. christian: ok. mikey: that is it in use. and they put it on strategic locations like baghdad international airport. it was used against an attack in iraq on the u.s. embassy. it works on a hose pipe system. i will -- it will just put loads and loads of bullets in the air, all radar tracked and hoped that it will take out the artillery or the rocket or the mortar fired. it is a supremely advanced system but with the generic use of drones, you cannot put these systems everywhere. you are tied to ext

-u.k. relationship. why would i say that? the political stability in japan , notwithstanding prime minister's changing with sometimes stunning regularity. military strength, which japan has, which great britain doesn't have. the anecdote that ambassador emmanuel told about japan calling folks to get them on board with the resolution of the u.n.. could the u.k. do that? no, they couldn't today. i think what we wrote in 2000 has been far surpassed today. chris: i want to ask a personal question, then i will open up to the audience for a question or two before we close this portion. to go back to what you said at the beginning, ambassador kato, you both began to assume international positions in the alliance at the same time. you became a director in the north american affairs bureau in 1981. rich, you were a deputy assistant secretary for east asia in the same year. did you meet at that time? talk a little about your relationship at that time, how you began to work together, and what the major issues of the day were beyond what

we are the only british tea shop on the west coast and focused on high quality luxury goods from the u.k. and we have teas 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 alway

he will be joined by u.k. prime minister keir starmer and the french president macron for the meeting of the transatlantic quad to discuss russia and the conflict in the middle east. stan druckenmiller says markets are pricing in another trump presidency, but he told bloomberg exclusively he will not be backing the republican contender or his democratic rival harris. he called trump a blowhard while saying a harris presidency would be bad for business. apple's chief people officer is leaving the company after less than two years on the job. sources told bloomberg apple employees were notified of the departure yesterday. the title was created for service who is test with overseeing human resources and recruiting for apple's roughly 160 thousand employees. her tenured is considered short for senior executive at the company reporting to ceo tim cook. that is your brief. jonathan: have any people feel like stan druckenmiller? his views on the election? doesn't that resonate with a lot of people? lisa: it looks lik

that said, the u.k.es not seem willing to go on its own and it is waiting for the u.s. to give that green light, something that is not there at the moment. caitriona: this comes as officials in southern odessa say at least eight were killed when a russian ballistic missile hit a container ship. it is the third attack in the past four days on a civilian vessel. in the south of ukraine, 29 homes were destroyed in a russian controlled town where nuclear power station is based. residents were woken up by sirens warming of a glide bombing attack early thursday morning. you can keep up-to-date on the situation in ukraine, in the middle east. 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: get the free pbs app now and stream the best of pbs. amna: good evening. i'm amna naw