u.k. time.s struggled to keep up with claims as the coronavirus upends every aspect of our lives. in the first half as it booked a charge for claims related to covid-19. it is the latest sign of the toll the pandemic is taking on european insurers. joining us to discuss is the axa ceo. great to have you with us on the show. thank you so much for joining us. you have also withdrawn two growth targets and canceled your planned dividend. that is quite a lot to digest and it makes me wonder, do you think that things are going to get worse from here for the business? >> yes, thank you. good morning. clearly, we are in a situation of high uncertainty with covid-19. the question, is there a second wave or not? therefore, you have to be very cautious. when we come to the strategic that given thear situation with covid and the impact on profitability and return on equity, we had to withdraw two of the four targets. however, our strategy remains clearly confirmed and when it comes to the dividends, we pay

u.k. time. georgina taylor from invesco asset management is with us.idea that is fairly esoteric. the norwegian krone versus the pound. georgina: i think the pound has been something we put on the sidelines for a period of time but with the risks around growth , i think the drivers of growth are so uncertain, lockdowns where construction has been turned back on, we might get better data but the services structure -- sector will be under pressure. maybe it isu.k., the currency which has to provide that release fouled to the economy -- release valve for the economy. we think from here, the pound would weaken. asxit talk comes back in much as we talk about coronavirus risk and the norwegian side, you have to be careful what you perish with. is actually buying the norwegian krone domestically so are individual drivers of norway that we quite like but we think a weaker sterling will be a big part of it. it is amazing how we spend 26 minutes together and keep going back to the fx narrative for the equity allocation. i just wonder, differentials, trading the

back now a new report in the u.k. times there was another meeting her eyes showing the country's covert lockdown of children attacking their parents researches attribute the 70 percent escalation in assaults to prolong confinement and coerce proximity highest stress levels were also plenty and parents did share disturbing testimony. my son beat me so badly that if the police didn't come when they did i would not be alive everything is amplified there's no escape and it's not just the person being hotu is affected it's everyone that sees and hears it's the other children traumatized by seeing us hurt. ok let's bring in now he's a professor of psychology at the state university of new york you very welcome glenn what did you make of this report he surprised by its findings. you know interestingly not really too surprised. i know the data in the united states are kind of similar the good news crime wise regarding. generally speaking crime has been across the country but within households domestic crimes have been up and i thin

u.k. time.nd breaking down the numbers from allianz is trying to understand, you know, the other side of their business is, you and i love to talk about the pimco numbers, what's happening with yields. the reality is allianz is a huge insurance company. your risks and your outflows versus your income, the combined ratio on that side of the business comes in at 95.5, down from 97.8 quarter on quarter, of 97.7.n the estimate i think when you look into those , the asset management numbers, on the others, you have an operating profit of 640. even though you talked about the inflows out of the operating profit on the asset management missed the target. thanks very much to dan tillerson. he helps us with the flow of numbers. absolutely. more broadly, gold in a record balance beyond $2000 on stock prices. green on the screen in asia. no direction for usn futures. a weaker dollar. the 10 year yield close to a march low. we will bring you the latest from lebanon. what happens when a wireless carrier puts

that gdp number is coming at us as 7:00 u.k. time. joining us is seema shah.re going to see recovery in the fall. what are you going to look at for which you can extrapolate for your client? seema: yeah, i think the gdp figures, it's very backward looking. we already know the u.k. had a horrible hit in the second quarter. we've been focusing more on high-frequency indicators. i have to say that when we do our analysis across the globe, at which our countries, we like anthe u.k. is 1 -- on evaluation basis, it looks relatively cheaper than the rest. that's for good reason. the fundamentals of the u.k. economy are worrying. this is despite having had one of the most impressive furlough schemes, globally. we have to remember this all comes against the backdrop of significant government help. this is a real worry for us. we do have concerns around brexit. when we look into 2021, we do continue to have worries there, and we also know that government, the chancellor is already thinking about how they can pull back that money, reduce the furlough scheme as soon as oc

with ivan interview at 7:30 u.k. time. .e is the ceo of diageo we will put a lot of these questions to him. i am looking forward to that. ♪ annmarie: good morning, welcome to the "bloomberg markets: european open." are 45 minutes away from the cash equity open. futures to the upside. we can sustain the momentum in europe. mark says yesterday's move for stocks was a head shake. let's get bloomberg's first word news with laura wright. laura: federal reserve officials are warning another round of fiscal relief will be critical for the u.s. economy. this comes as lawmakers continue to be deadlock over a new aid package. president donald trump is considering executive actions. he wants to impose a moratorium on evictions. the bank of england may be undermining u.k.'s push for a recovery. it's report says the central bank is subsidizing and polluting industry for the pandemic program. it's as large amounts of money have been pumped into the sectors despite being part of the u.k. economy. the former king is planning to leave the

u.k. time will provide to prove what exactly we are facing. european travel stocks are down as the u.k. expanded its list of countries where mandatory quarantine is imposed on those returning to the country. joining us now is bloomberg opinion's marcus ashworth. thank you for joining us. what are we looking at? is it inflation trade, deflation trade, and an assumption on who will win the election in the november? marcus: [laughs] well, the best way to look at it is the dollar, which we have seen a direct correlation to europe, particularly gild, but the whole gamut of u.s. and bond yields rise. so i think we can get a correlation here between the strength of the dollar, whether interest rates in the u.s. and therefore the rest of the world have got too low a month and the dollar -- too low, and therefore the dollar, as well, and gold out of a number of safety havens. are sort oft, we thinking about what happens as you come into september. we are going to see a lot more supply and demand coming from the bond markets. in a place where buyers are

u.k. says we are in tough times. jobs.ore will lose their we will focus on the u.k. next.s is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. anna: welcome back to "bloomberg markets: european open." 30 minutes until the start of the european equity trading day. we have u.k. gdp. let's get to that conversation. more.k. economy shrunk than 20%. outstripping every major european company. they stripped britain in the first recession since 2009. the chancellor warned of many more job losses in the coming months. the senior economist is still with us. in terms of the performance of the u.k. versus the rest of seems to have

u.k. time. us, i daly is still with mea fx strategist from macquarrie.t the pound to react over the next week? how important is this gdp number? it is going to be very bad. [indiscernible] we expect to see the pound -- it is quite limited, the impact from domestic data. however, the risks are there in terms of the u.k. economy and how well it is doing. i think everyone will be focusing on the index for the services number. it does look like it is the most exposed industrial sector. longer-term, we are looking at brexit decision, a possible agreement, maybe not. that does not seem to be the focus of the markets right now. when will this become very important? there was a deadline where you had to come up with a services agreement. and the u.k.ed never asked for an extension to the time perry o.a.t.. november 26 -- for an extension to the time period. a deadline where we need an agreement from both sides. think it is around that time when the risk will be back in focus. near how shorte the market was for sterling in october of last year, for example. will

u.k. five times. s a recognition that most vaccine trials and in failure. >> vaccines are ace -- are a force for social good. >> the woman in charge of buying vaccines for the u.k. says the government has to hedge its bets. >> we don't know if any of these vaccine formats that we have acquired will work. there are no licensed vaccines for any human coronavirus. our priority is to ensure that we have sufficient vaccine for the populations in that u.k. who are most at risk from coronavirus infection. >> britain h a strong record in supporting global health but one of the world's biggest charities is concerned that developing nations could lose out in the scramble for covid vaccines. >>. is important that countries that cannot afford to self finance these vaccines have a way of accessing those early doses. if we deliver maximum public healthmpacts around the world, countries must not secure too many doses for their own citizens. >> went will be know if we have an effective vaccine? early signals might com

u.k. time. on can tune in to bloomberg dab digital radio. are looking at the stocks on the move including siemens healthineers which is its $16.4g after billion deal to purchase bargain -- varian. this is bloomberg. ♪ matt: welcome back to the european open. we are 25 minutes into the session. looking at a mixed market with the ftse down 0.5%. and the dax up 0.5%. looking at the big movers. we have hsbc falling after a warning that loan losses could reach $13 billion this year and after profits fell more than had been anticipated by analysts. siemens healthineers is down more than 5% or about 5% right now after a $16.4 billion deal for varian. another company is rising forng been given approval the treatment of adult patients with lymphoma. theremportant treatment that i think everyone will help works out well. annmarie: we will talk about the portuguese economy. it tanked 14% in the second quarter. the pandemic brought the country's towards him industry almost to a complete halt. up next, we speak to the minister of tourism, rita marques. t

u.k. time.ftertures the s&p 500 fails after another attempt to break a record high as a deal with congress that renews the comprehensive diminishesckage every single day. the democrats and republicans are focusing on their conventions. today, it was the democrats. senator sanders: for those who may have voted for donald trump in the past election -- governor cuomo: they want to watch new york suffer, and they learned absolutely nothing. ittoday, six months after began, the nation is still unprepared. a nationalif we had strategy, so everyone who needs a test get one's -- gets one for free. than 150 thousand people have died, and our economy is in shambles because of a virus that this president downplayed for too long. senator sanders: the truth is, even before president trump's negligent response to this pandemic, too many families have been caught on an economic treadmill. joining us now is our bloomberg international editor, jodi schneider, with analysis. was the most important speech? we hear

u.k. timeome sales for july and consumer confidence for august, and those will, no doubt, be judged quickly by markets, as well. anna? anna: yes. we will get to the conversation around the chinese foreign minister's visit to europe and just a moment, but u.s. and chinese trade negotiators have discussed the trade deal. treasury secretary steven mnuchin and robert lighthizer spoke to liu he, both sides say they have seen improvements. we are joined now by the chief at a company. it is surprising we have seen this conversation around trade taking place. i am not sure it is known about ahead of time, and we get this very positive statement from the u.s. about intellectual property in china, access for u.s. financial services businesses to china. this is all much better mood music that we have seen in recent months. how do you read it? with thatt agree statement, actually. with intellectual property rights and access to the china financial market, china actually has no problem with those demands, a

u.k. time. chinese tech in the firing line as president trump bans u.s.nies from doing business with tiktok and wechat. we bring you the latest. this is bloomberg. ♪ annmarie: welcome back to the european open. relatively flat across the ftse and dax, but the cac under pressure. here in london, the bank of england says it will not tighten policy anytime soon despite the economy showing signs of a faster rebound and initially expected. governor andrew bailey called francine lacqua negative rates will be part of the bank's toolbox, but there are no plans to take them out yet. for the quantitative easing, potentially we have use of negative rates and forward guidance. francine: so control has not been discussed? guest: it is quite interestingly discussed. we do discuss it. preferred to look at quantitative easing as tools in that respect. but i would make the point that we will go on looking at the toolbox. nothing is fixed and forever. francine: what would it take for you to go into negative rates? guest: we talked to a lot of central banks that have done t

u.k. time.tries are spending billions on a coronavirus vaccine, but the ceo of the novartis is warning a vaccine may not be enough. this is bloomberg. ♪ anna: welcome back to "bloomberg markets: europe." european equity markets moving to the downside, down 0.8%. 1%.cac down the german market down 0.5%. the ftse 100 down 1%. the german utility increase profits in the first half of the year. matt miller spoke to the cfo. >> there is so much money around from the fiscal stimulus programs and support from central banks that prices are going up. equity markets for other enterprises. to see not expect unusual opportunities to buy existing assets at a low price, not in our industry. you see matt: you see inflation because of the green new deals. is it becoming more competitive? >> it is becoming more competitive. you have seen the announcement of the big oil companies, knows the prize they are interested because it is an attractive sector given the market growth we can expect in the next decade. what i

u.k. time, so if you want to hear more from louise, tune in on digital. bloomberg app to listen to radio or can use the google bloomberg radio, like probably so many other people do. coming up, as i said, vestas, wind turbine maker, reissues guidance, and it is better than what the street was looking for. we will speak to the ceo, next. henrik andersen. this is bloomberg. ♪ "bloombergme back to market." the european open, and we are 20 minutes in. equity indexes, looking at a gain on the cac 40 in paris, almost as much for the dax in frankfurt, the ftse up in london. helping to add to the european gains is vestas, the world's biggest wind turbine maker reintroducing their guidance ahead of the street estimate. it had suspended its target due to the uncertainty around the coronavirus pandemic and now sees revenue for 2020 between 14 billion and 15 billion euros. let's talk to the ceo right now. andersen joins us right now. for your time. the guidance, putting out better guidance than the street has been calling for, is this driven by sort of the green new

u.k. time.u can tune in on london dab in the city or google bloomberg radio. boston fred president eric rosengren warns that america's over eagerness to reopen the economy before containing the virus has backfired. more from that conversation next. this is bloomberg. ♪ ♪ to "bloombergback markets: european open." we are 20 minutes into the session. we are looking at red arrows for london right now. the ftse down 0.9%, 56 points. little change on the dax and the cac. aresenior fed officials blaming failures by the u.s. to contain the virus for sapping the recovery. dallas fed president robert kaplan called on u.s. officials to push for more widespread adoption of protective measures, like the use of masks. meanwhile, boston fed president eric rosengren told bloomberg that america's eagerness to reopen before containing the says additional stimulus is needed because that has backfired. let's listen in. >> i think it would be an appropriate time to have more guidance. i think at this stage of reces

u.k. time. 10:00 a.m.t by just going to bloomberg.com/radio or you can click on the radio button on your bloomberg mobile app. coming up, trading the stay at home economy for the first time european exchange traded funds tracking the nasdaq have attracteded more money this year than funds tracking the s&p 500. we can hear more about that on e.t.f. ly program europe. this is bloomberg. anna: welcome back to the european market open. this wednesday. 22 minutes into the session. we see some modest gains for the european market. the ftse 100 underperforming a little. we have more offerings on the docket. good morning. give us the details on the latest offerings. >> good morning. two new exciting u.s. offerings here. filed with the .e.c. -- f.c.c. tuesday. doubled iff robens, he his target adding gary kohn to that listing. seeking $600 million. katie liive of the excitement among u.s. investors for things that might otherwise might not have been traditional. talking to folks a year ago. this bag neach part of t

u.k. time. you can tune into that, or you can google bloomberg radio, or co.ukan go to radioplayer.ed to different movements to bloomberg radio. quits up, phil hogan after growing criticism that he broke virus regulations in his native ireland i going to a golf dinner. we will be live from brussels to discuss the latest. this is bloomberg. ♪ welcome back to bloomberg markets. this is the european open, 24 minutes into the session, and we are looking at the ftse down about one third of 1% here, 16 6,02 the8 cac 40 is down just as much., and a growing number of coronavirus cases with an outbreak among returning tourists and partygoers continuing to expand. despite the grim numbers, italy joined neighbors and rejecting the possibility of reintroducing the nationwide lockdown that stalled to the economy. the italian health minister ruled out the measure in an interview yesterday. exclude the possibility of another general lockdown. i believe we are in a new and different phase also with a stronger national health service. turning to brussels, the european union trade chief, phil hogan,

u.k. time. program, 20 minutes into the day, sanofi buys a drug maker in a $3.4 billion deal. , we discussed the french drugmaker's pivot. discuss the, we french drugmaker's pivot. this is bloomberg. ♪ welcome back to the european open. we are 23 minutes into the european trading session, but it is losing momentum quite quickly, actually, the cap 40 down for/10, the ftse 100, the dax, the ibex down. down 4/10, the ftse and dax and ibex down. let's get to a big corporate story this morning, and that is around the drug companies than ovi, agreeing to buy a $3.4 billion deal -- the drug company sanofi, agreeing to buy princ ipai in a $3.4 billion deal. for more on this is our health reporter. good to see you. so what is sanofi picking up here? you.s, good morning to in this transaction, the latest force and no fee, they are getting this u.s. company, principia, as you say. they focus on treatments for multiple sclerosis and other disorders. now, this is a company that sanofi knows well. they are al

u.k. is considering the worst case in a real of locking down london according to the sunday times. it would see at risk people asked to stay at home. the local government secretary says he is not aware of any specific plans to seal off london but the u.k. will target local flareups rather than blanket action. global capacity has fallen for the first time on record as closing plants in europe and u.s. outpatient units mostly in china. the decline is 0.1% of capacity. it marks a turning point in history of coal. the dragon capsule has splashed down with two astronauts and tripssfully concludes the to the space station and a return to u.s. space travel for of annd the first trip american astronaut in an american aircraft since 2011. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. francine: thank you so much. global coronavirus cases have surpassed 18 million. the pandemic ads one million infections every four days. from prompting lockdowns the state of victoria to manila in t

according to the financial times, the u.k. food and drug administration is awarding emergency use authorization in october for the vaccine that was developed by astrazeneca here's how it's trading near the session. 2.4 plus% on the boards and also across to the european markets this morning optimism around vaccines and treatments right on the outset and some of the gains continue 1.4% not much as you can tell not even one along the boards here let's take a look at the markets in europe. 1.6 and 6,100 annual and including for the dax. the german market has been a little stand out and it also reversed over 1% last week so this morning trying to claw back the territory as you can see despite showing leadership this morning, still well and truly under where we have seen it in recent months. 1.4% on italian stocks so some of the sectors early leadership by technology names and there's leadership from the technology and underperforming has been emergency, autos and retail stocks. but this morning we're seeing oil and gas now race to

u.k. prime minister boris johnson stand a chance when he is negotiate his end of the dragons' den of the world's largest trading bloc we ask t.v. star and business mogul deborah meeting it's time for u.k. business to leave the country paulism all coming over by doing going underground. the sudden and illegal takeover of a government by a small group. rather than revolutionaries all soldiers that's a small group the operation when you have a tiny people who have all the power you have to have some means to make sure the rest of us don't get together and. these are sacrificed. places that capitalism exploited and destroyed for profit and left behind misery poverty environmental devastation and so you see things like voter suppression building more prisons you seem gerrymander all sorts of. pratik practices are well in that world we're well into the world and there's no question that the critical. to what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race is on offer and spearing dramatic development only really i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. welcome ba

u.k. prime minister boris johnson stand a chance when he enters negotiations into the dragon's den of the world's largest trading globe you we asked t.v. star and business mogul deborah mead it's time for u.k. business to be the country. to i'm going underground. l. look forward to talking to you all. that technology should work for people. must obey the orders given it like human beings except when such orders to conflict with the 1st law. should be very careful about artificial intelligence and the point is to make. them shia. areas with artificial intelligence will something to. protect its own existence. back skies or financial survival they say money to develop. closer to these it is a central plank support diatomic other problem right now so stop the. welcome back to the slow down addition of going underground joining me now from somerset in england is dragon's den business mogul deborah and the reason deborah you on the show is really to explain there was what is in store for small businesses now we're hearing from britain's e.u. negotiator david frost that basically the e.u. has to accept the deal on the table what will it mean. for resume businesses in this country well it

u.k. prime minister boris johnson stand a chance when he is negotiators enter the dragon's den of the world's largest trading bloc for you we ask t.v. star and business mogul never meeting when it's time for u.k. business to leave the country paulism or coming i'm about to do i'm going underground. join me every thursday on the alex salmond show and obviously to get out of the world of politics sports business i'm show business i'll see you then. welcome back to this love ballad mission of going underground joining me now from somerset in england is dragon's den business mogul debra median and the reason there were you on the show is really to explain to us what is in store for small businesses now we're hearing from britain's e.u. negotiated david frost that basically the e.u. has to accept the deal on the table what will it mean for me businesses in this country well it's not enough that we've been living in sort of limbo land not really understanding what that and steps and to the right and of course was also as if you know i don't it which is a pretty rough anyway. but i think it is very worrying indeed that businesses that probably don't have a huge say you know in the u.s. and t

u.k. prime minister boris johnson stand a chance when he is negotiators enter the dragon's den of the world's largest trading block for you we ask t.v. star and business mogul deborah meeting it's time for u.k. business to leave the country paulism or coming i'm about to do i'm going underground. backstabbers financial survival guide. housing bubble all. oh you mean there's a downside to artificial mortgage through dr carried away that's cause report. join me every 1st week on the alex simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. welcome back to validation of going underground joining me now from somerset in england is dragon's den business mogul debra median and the reason there were you on the show is really to explain to us what is in store for small businesses now we're hearing from britain's e.u. negotiated david frost that basically the e.u. has to accept the deal on the table what will it mean for me businesses in this country well it's not enough that we've been living in sort of limbo land not really understanding what the dance steps and to the right and of course was also as if you know which is a p

at the same time, u.k.e trading at quite a notable discount compared to their global peers. julian: they are. i mean, it's also partly due to the makeup of the u.k. market obviously. heavy energy component, along with materials has an effect. obviously, the domestic consumer waiting as well. i think whether -- where the u.k. is concerned, obviously it is all about now how quickly we see the u.k. calmly recovered. the leisure sector is making some positive signs. see quite aould surprising q3 in the u.k. economy. >> thank you very much. a little squeezed for time. that is julian chillingworth, the cio at rathbone. we are going to get into the u.s. elections next. this is bloomberg. ♪ hike! simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. youse

u.k. side, said time is short for both sides.what is so important here, folks, is the overlay of brexit -- and i remember jon ferro sitting on the set the morning-after in shock -- the overlay of the pandemic with brexit is just extraordinary. francine: it is extraordinary, because if you look at debt in the u.k. -- this is one of the concerns that people were taking a bet on. if you look at what we heard in terms of -- the u.k. has the highest debt level it has ever had, so there was a bet on the market that because of that, the u.k. government would not feel that it could leave the e.u. without a trade agreement. so there was maybe a feeling out there that because they were already spending so much money on covid-19, they could not spend that much more money in mitigating the kind of effect of leading under wto rules. barnier looking pretty downbeat. let's get straight to first word news in new york city with ritika gupta. ritika: joe biden accused president trump of failing in his most basic duty to protect the americans. last

u.k. prime minister morris johnson stand a chance when he hears negotiations enter the dragons' den of the world's largest trading. we ask t.v. star and business mogul never meeting it's time for u.k. business to leave the country paulism or coming i'm about to i'm going underground . l. look forward to talking to you all that technology should work for people. i robot must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification for should be very careful about official intelligence and the point of view screen is to trace trusts everyone of them shia . currently on various jobs and with artificial intelligence will summon the demon . the robot must protect its own existence as a mixer. will . join me every thursday on the alex simon shore and i'll be speaking to get a feel of the world of politics sports business i'm show business i'll see you then . thinking of getting your music on the ones we got our shots from the problem was he didn't know until he was trapped in this tiny little wired crunch we don't need a crate with him he will just. freaking out and he won't let us bring him anywhere near and thousan

u.k. . illustrations but exploited this time not just get up but just tell us. which not. eat. that actually did receive much oh i'm going to pitch it slow. i'm. going to. post but the president. says. this. new push to monsignor thomas a lot of the more some of. those books going to. fall. for your motion. in the early ninety's symphonies how much can a psychologist in 6 only just proposed to the west berlin senator social experiment . he wanted to let. the neglected boys experiment was. if you. don't. want. to believe that sex with older men would help with the boys socialization. as many children. paedophiles to raise. the blogs. let's. just call. them. greetings and sal you take. well hello hello hello and welcome back everyone to a brand new week of hawk watching and my goodness as the august news cycle started off with a bang quite literal and deeply tragic bang for the people of lebanon over $200.00 souls and counting of lost their lives to an ammonium nitrate explosion in the port of beirut in the aftermath in fallout of this tragedy the appears to be the dire results o

u.k. also pushing across into the low countries and at times we could have some rather heavy downpours in that but the rain. the west that's keeping the temperatures a little bit lower but the central and eastern as it's still very warm but finally cooling down in london certainly by saturday and a similar story across into paris. jump into the stream and julian on global community this generation will have to create its own democracy with social media on at will online be part of the debate let me put some you tube comments to you when no topic is off the table is taking on all the systemic violence that people of color have suffered not only now but for decades we are going to be to transform lives the way he keeps human equating it business if we're going to adapt to climate breakout this street on al-jazeera. heard. from. welcome back welcome if you're just joining us you're watching al-jazeera this is the 7 g. bullets in the world news your top stories 3 people have died in violence in the indian city of bangalore sparked by an allegedly offensive social media post about the prophet

u.k. prime minister morris johnson stand a chance when he hears negotiations enter the dragons' den of the world's largest trading rob we ask t.v. star and business mogul never meeting him it's time for u.k. business to leave the country paulism or coming i'm about to i'm going underground . and her early. 54 jets and more than 1300 military personnel are headed to heal some air force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in this area russia. what is it suddenly about the south china sea that makes it so of it 11000000000 barrels of oil. take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have nuclear weapons capabilities there is reason for concern so that's why we're going to drill down on the story for you today right here on the news of where you know as we always like to say we do believe by golly it's time to do news again. welcome back to this lockdown edition of going underground joining me now from somerset in england is dragon's den business mogul debra median and the reason deborah you on

u.k. love all the time to like your. film one brought him back to his home country don't want in television in the u.k. in nigeria he now wants to realize can impair his vision discounts for promising script rewrites them to think commercially successful formulas and in some productions he also said sen rector's chair the market will continue to grow and that's where we're gong to be known as the talented nose and steven spielberg's and all those guys of nigeria. ok guys thank you come good guys nights i need you outside now jim where did you become dallas last time what to do when you. dream where you were going to do waiting outside. yes i can thank you i watch. this nollywood this is the way we do it. i call it good stuff guys that do this like this. so we need it. there's a joke in nigeria that. many. new nollywood has been producing. the films a wildly successful in nigeria. but the movies are not made specifically for the local market that meant to showcase the nigerian lifestyle and sense of spirit while at the sam

at the same time, the u.k. is looking at all options to tackle a flareup of the virus., maybe shutting down l ondon. -- joiningfor sally me is sam for sally -- is sam fazelli. sam: we know that lockdowns work, but we also know that putting a cloth on your face, which is a very political subject, and keeping your distance also works. it all depends on how bad the situation is. the numbers in london don't look to kennerly out of -- don't look particularly out of place. there are some areas of europe that look a bit more worrying. is an option.at we know they work, but it is a pretty drastic option. alix: eli lilly came out with some information talking about testing and some of their antibody responses. that's a very interesting set up. all we have done so far is talk about vaccine that you inject to bring them up with an immune response. what these things are, the one using, you give them a ready-made vaccine straightaway that kills the antibodies or helps the body clear the virus. it has gone into nursing homes, into elderly populations. that is an interesting aspect al

my problem with rights issues that are announced ahead of time, unlike the u.k. you can do it relatively quickly come is you are pricing a market cap where you do not know what the market cap is going to be, and that opens you to a number of shorter-term hedge funds. you're likely to take the other side of the trade, effectively the short side of the trade in the meantime, and that is the volatility you will be presented with. unfortunately, it is happening at a time where the slope is getting worse and you will know this from what you've been reporting. the quarantine risks seem to be stepping up. they are very iag centric in the sense of the geography. we heard from spain. fromuestion is who is next a u.k. to europe standpoint? france is obviously going to get some air time the next 24 hours. there is a slew of countries that for businesses like iag's, the news flow will definitely have an effect on top of all the things that come from doing a 2.70 5 billion rights issue on a four or 5 billion market cap. guy: it is interesting people do seem to be switching ho

u.k. economy. the government debt past two trillion pounds for the first time. quite significant. milestone that will add to the debate of how the chancellor could finance the unprecedented support that the u.k. has been getting to the economy. ethan harris, bank of america head of securities bank of economics, is still with us. this amplifies that there is a lot of pressure to and the furlough program in october for the u.k. the debt is rising, 2 trillion pounds now. what happened? ethan: i think it is a mistake to pull back at all on the fiscal support of the economy right now. i mean, it is true we are not in complete lockdown now, but we are a long way from a recovery. certainly, the u.k. has had a particularly deep recession. i do not think we should say, ok, now we have to focus on the budget deficit again. this isn't the right time to do that. the reality is if you look at the developed world, whether the u.k., european union, or the u.s., governments have a lot of capacity to borrow the world with effectively zero interest rates. it is not good, but it is necessary. it is t

u.k. . illustrations but put it this time not just get up but just tell us. which not. even. the free verse you march i'm going to. put up. a very good. you push too much it's more some. protesters reportedly been killed during the anti-government clashes in minsk after an explosive went off in his hand as gunfire as been heard in the by the russian capital mass demonstrations have erupted throughout the country over the presidential election leading to thousands of arrests including an aussie correspondent who has now been released. lebanon's entire cabinet resigns following growing pressure over last week's devastating blast in beirut. little trumpet.

time. we look forward to jackson hole. george buckley, chief u.k. eu economist for tomorrow. -- nomura. this is bloomberg. ♪ ♪ >> it is time for the bloomberg business flash. i am ritika gupta. -- assailingelling after quarterly sales soar. burstynefited from the housing upgrades, but the company says the boost it will not last through the quarter. jewelry chain lower today. that raised alarms almost three that he planned to might not survive the endemic. agreed to pay $16 billion for tiffany. tiffany extended the deadline for the deal by four months. record-breaking ipo could be in hong kong and shanghai. 29 billion dollars raised by saudi aramco. if plans to use the money to bolster his lead in china's largest online payment platform. that is your business flash, guy. guy: let's get back to the airline sector. they have expanded to gatwick airport from one plaintiff 20 in the year. edwards and matt miller talked with the company and its ceo a little bit earlier. >> certainly, we are pushing for in the u.k. it will get expended into the medium perio

u.k. . illustrations but it's what at this time not just get up but just tell us. which not. eat. the. food 1st you march or i'm going to pitch. what i'm. most been able to. do. if you push too much to get. in the early ninety's. a psychologist just proposed to the west. experiment. paedophiles. neglected boys experiment was approved. that sex with older men would help with the boy's socialization over 30 years many children were paedophiles to raise. new. troops. and illegal takeover of a government by a small group. rather than revolutionaries or soldiers small groups the corporations when you have a tiny people who have all the power you have to have some means to. police or sacrifice some places that capitalism exploited and destroyed for profit and left behind misery poverty environmental devastation and so you see things like photos. suppression building more prisons you seem gerrymandering all sorts of undemocratic practices. in the world focused world. question that the.

u.k. . illustrations but it's put it this time not just get up but just tell us. which not . eat. the food. march or i'm going to. put up. the push to much needed some more some. sudden fullest and illegal take over of a government by a small group. rather than revolutionaries will soon just conduct small group the operations when you have a tiny group of people who have all the power you have to have some means to make sure that's the best don't get together and take it back. please or sacrifice some . places that capitalism exploited and destroyed for profit and left behind misery poverty environmental devastation and so you see things like voter suppression. building more prisons you seem gerrymandering all sorts of undemocratic practices where well if you look out world we're well into the forest world and there's no question that the coup d'etat has. indeed supercool this is true but the one business show you can't afford to miss on their montage they are going to washington coming up by the donald trump signed an executive order on one americans believe as top dog.

yes i'm very worried is the onset of the virus has been declining for some time now in the u.k. but over the past week or 2 we've seen a gradual increase but the increase is not even all over the country that has particular areas where the increase is more prevalent there's more of the virus in the community and what the government is doing he's moving to try and crush these increased localized areas for example that's just being closed down for probably 3 or 4 weeks now a gradual reopening of leicester stocks on monday and now this straight to manchester area is a contiguous area this greater manchester yorkshire possible long kisha that have now had to be closed down unfortunately and what the government doing particularly in combination with the local directors of health is looking at the drivers of transmission and a lot of the drivers of transmission in this area is caused by families socialising together especially in multigenerational households so the office for national statistics has shown that south asians typically i'm more likely to they've been multigenerational ho

u.k. . illustrations but exploited this time not just get up but just tell them. which not . to sleep for she marched or i'm going to. post. the punch to monsignor thomas moore some. protesters reportedly been killed during the anti-government class whose main scott salter an explosive went off in his hand gunfire has been heard in the but a russian topical mass demonstrations have erupted throughout the country over the presidential election heating to thousands of arrests including an all to correspond. 2 has now been released. resigns following growing pressure over last week's devastating blast in.

u.k. . illustrations but exploited this time not just get up but just tell them. which not . eat enough.food for she marched over i'm going to. put a. post but the focus of the. day . this. will. be pushed to monsignor thomas moore some. i know to no crow. no shots. actually just felt. well it's true no small. points your thirst for action. russia says it's developed the world's 1st corona virus vaccine although clinical trials have yet to be completed the health minister says it's been tested and is safe hears from the head of the russian sovereign wealth fund that's invested in investing in the research. myself my wife my. parents. witnesses report gunfire and explosions in the capital minsk as. a 3rd arrest following the disputed presidential election. democratic candidate for president.

hard times ahead that's the message from the u.k. finance minister as britain officially plunges into recession as a result of a coronavirus pandemic g.d.p. fell by a record 20.4 percent in the period of april to june the biggest slump reported by any major economy so far around 730000 jobs have been lost since knockdown began in march and the government warns war will go in the coming months the bank of england for costs the economy is unlikely to return to previous levels until the end of the year next year. now schools throughout the united states opening up again despite rising coronavirus cases in many states schools of bringing children back to the classroom rather than using online learning and especially culhane reports the act of reopening has become a political statement how many you can dream big dreams and you the trump administration clearly wants schools in the u.s. reopened highlighting its position with the recent vice presidential visit to a school in north carolina to reduce the pool of water is supposed to help ens

u.k. dr maria we appreciate your time and your insights tonight as always thank you. our lives have a look now at other developments in the corona virus pandemic india's prime minister narendra modi says his country can defeat the virus if it curbs surging infections in its 10 most populous states he urged regional leaders to increase testing and contact tracing germany's foreign office is warning citizens against unnecessary trips to madrid and spain's basque region due to a rising number of cases there it's already issued travel warnings for barcelona and to other northern regions new zealand has registered its 1st infection in more than 100 days with 4 people from one household testing positive oakland has been placed under a new lockdown following that outbreak the world wide film industry has been hit hard by the coronavirus pandemic social distancing means cinemas cannot function and movies can't be made especially those including fight scenes or love see so many hollywood movie studios have shut down altogether leaving more than 100000 people without work. this

u.k. economy. it has been something that has been in the works for a long time.t is being overshadowed in terms of the figures or statistics of what is going on with the pandemic. what is your focus around the timeline of exit? are you still assuming that some kind of trade deal is done by the end of this year? yes. are, it is overwhelmingly in the interest of both sides to do a deal that at the very least gives tariff free trade with the u.k. by the end of the year. if you don't have that, you will have disruptive event that will affect both sides at a very difficult time. with that said, what we went through, stories of no breakthrough, but eventually we do think adil does get done. much disruption the deal that is agreed brings. if it were to be something that does not have any degree of regulation, doesn't have any services, that can still be quite a disruptive event at the end of the year and that is what we are assuming. saidously, we would have that we were forecasting 6% of. is that coming on the back of these numbers -- [indiscernible] the issue is how m

the police force to sign a letter of reprimand and a promise to stop spreading rumors time was running out. the u.k. yet and his family were unaware of the extent of the danger posed by the new virus in early january he took his father to his annual medical check up. at this point the news the online media and video sites were all reporting that there was no human to human transmission. and that the break was under control and it spread could be avoided. today he believes his father contracted the virus during that routine check up on january the 15th he came down with a fever. but across china it was still business as usual preparations for the lunar new year celebrations were underway. millions of people were traveling across the country to visit family. meanwhile a young father was fighting for his life. he was transferred to a hospital where covert 1000 patients were being isolated. little in mosul coming here triggers hellish memories. on call book on fever my father die on the 12th floor of that building their home they call it you know that this was the evening before he died pictures of tho

getting to know the conscience of the people as part of it, but in the time of corona, that aspect seems forgotten. phil: thousands of u.kresidence on holiday in france are rushing home before new quarantine rules come into effect on saturday. this follows a jump in new coronavirus infections. it's one of many restrictions being implement and ask europe grapples with a new spike in infections that's being blamed in part on summer travel. >> rushing to get back home with just over 24 hours' warning, the u.k. announced a mandatory 14-day quarantinine for those returning from france. that sent u.k. residents dashing for french airports, fair reports, and train stations with many connections sold out. long lines of cars queued to get across the border in time. for many travelers, the new quarantine measure announced by prime minister boris johnson is puzzling. >> i would rather he had done it in regions of france rather than the whole of france shut down. i would rather we looked at t te bigger picture. >> i think thehere must be bettr ways to handle it, but i understand and respect why it is important to do it. it seems biz

need very accurate estimates of how many people in the community are infected at any one time and thankfully in the u.k. in germany at the moment that's relatively low in spain it's much higher and it's also climbing quite rapidly in france as well john what about age does it play a role when it comes to being a symptomatic. it does it's about 27 percent of children are genuinely asymptomatic and only about 16 percent of adults remain asymptomatic now many more has to be stressed many more are asymptomatic for a period of time and then become symptomatic but it remains the case that more children remain completely asymptomatic than adults 27 percent of children and about 60 percent of adults just because they're asymptomatic doesn't mean things are going on in the body if you do x. rays and c.t. scans you can actually see changes that are going on you can see changes in the blood so even low people aren't feeling symptoms there can still be physiological change but the proportion of people that are completely asymptomatic is smaller than we did think at one time john great to get you on the show today

u.k. government warns of hard times ahead as the economy drops into the worst recession on record.ata shows the decline is steepest among european nation, brexit adding to the virus fallout. gdp plunged more than 20% in the second quarter, the most since records began in 1955 and record double and roughly the the fall seen in germany and the u.s.. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. ♪ ahead, vaccine diplomacy. how should the world be dealing and the rush for vaccines, who gets left behind. we discussed with asian new zealand foundation member simon draper. outlook withket institutional services investors tiffany mcgee. --s is bloomberg ♪ there this is bloomberg. ♪ ♪ you are watching "daybreak australia." withis sophie in hong kong asian markets. futures closed the overnight session higher, chicago up more than 2%, starting the thursday session, we are seeing it holding steady so far this morning ahead of the thursday session as the ye