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Bloomberg Daybreak Europe

Bloomberg News

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.

Location:

United States

Description:

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.

Language:

English


Episodes

Minford: Virus Another Reason Not To Extend Brexit Transition

6/5/2020
The EU has a captive market in the U.K., says Patrick Minford, professor of applied economics at Cardiff Business School and Chair of the pro-Brexit group Economists for Free Trade. Speaking to Daybreak Europe's Caroline Hepker and Roger Hearing he says extending negotiations with Brussels over trade, risks the U.K. being dragged into the EU's pandemic response and being on the hook for large transfers within the bloc.

Duration:00:06:10

UK Banks' Priorities Are Flawed When It Comes to China: MP

6/5/2020
HSBC and Standard Chartered have flawed judgement, says Alistair Carmichael, Liberal Democrat MP and chairman of the U.K. parliamentary group on Hong Kong. He has written to HSBC's CEO Noel Quinn saying the global lender's decision to back the proposed security law is causing alarm. Carmichael tells Daybreak Europe's Caroline Hepker and Roger Hearing that when it comes to China, it's a mistake to focus on the financial priorities over the political.

Duration:00:05:16

Blackett: People Have Had Enough

6/4/2020
Karen Blackett OBE and U.K. country manager for advertising group WPP says that protests in the U.S. And in London over the killing of George Floyd show people have had enough and want a focus on "anti-racism". She speaks to Daybreak Europe's Caroline Hepker and Roger Hearing about the lack of diversity in the U.K.'s boardrooms and why leaders must have a broader circle to develop varied talent.

Duration:00:05:24

Kantar: G7 Citizens Losing Trust in Governments' Virus Plans

6/4/2020
Trust has plummeted in government action on the virus crisis across G7 nations says Dr Michelle Harrison, global chief executive at Kantar's Public Division, although Germans are among the least worried. Kantar's research shows half of people in the G7 have seen a big impact on their finances during the pandemic, Harrison tells Daybreak Europe's Caroline Hepker and Roger Hearing, and ten percent have seen more than half their income wiped out.

Duration:00:04:58

Property Portfolio: Expect Negative Valuations for Commercial

6/4/2020
Expect a strong hit to consumption and a varied effect across markets as the pandemic hits commercial real estate says Indy Karlekar, head of research and strategy at Principal Real Estate who is forecasting negative valuations in the coming quarters. Speaking to Daybreak Europe's Sandra Kilhof on Property Portfolio, Karlekar said he's bullish on industrials and data centres, while hospitality properties are expected to bear the brunt of the virus pain.

Duration:00:04:18

Bergqvist: Fiscal Stimulus Will Continue To Support Markets

6/4/2020
Markets are in line with the prospects of a global recovery if you take a longer-term perspective, says Robert Bergqvist, chief economist at SEB. But he adds there could be problems in the next several months because of high unemployment rates and slower capital spending from companies. Bergvist told Daybreak Europe's Caroline Hepker and Roger Hearing that fiscal stimulus will continue to provide support to the stock market. He also discusses his expectations for the ECB's June meeting.

Duration:00:07:45

Brown: ECB's 500 Billion Euro Bond Buying Is Already Priced In

6/3/2020
The ECB's extension of the QE purchase programme is in the market already, says Brendan Brown, senior fellow at the Hudson Institute and founding partner at Macro Hedge Advisors. He tells Daybreak Europe's Caroline Hepker and Roger Hearing, that European markets are generally risk-on now because they believe there isn't going to be a credit crisis and that European banks are gaining from that.

Duration:00:08:06

RDIF Touts "Tremendous" Results From New Covid-19 Drug

6/2/2020
The drug Avifavir, which is backed by the Russian Direct Investment Fund, has been very successful in treating the coronavirus says Kirill Dmitriev, RDIF chief executive as the drug has been approved by the health ministry and is now being distributed to Russian hospitals. Dmitriev tells Daybreak Europe's Caroline Hepker and Roger Hearing that despite allegations that some statistics about the virus there are inaccurate, Russia has been fully transparent about the impact of the pandemic.

Duration:00:05:55

Coulton: Fitch Ratings Sees Weaker Growth

6/1/2020
Brian Coulton, chief economist at Fitch Ratings, discusses their pessimistic view of global growth, even as the risks to the global economy from a second pandemic wave remain. He tells Bloomberg Daybreak Europe’s Caroline Hepker, Europe and the U.K in particular have dragged down their forecast even as developing nations such as India are struggling to deal with the current health crisis.

Duration:00:05:13

Ostwald: Disconnect Between Economic Reality And Markets

6/1/2020
Super low interest rates mean returns in fixed income are unacceptable and stock market investors are putting an optimistic spin on economic data, and riding a lot of hope about a rebound in 3Q says Marc Ostwald, chief economist and global strategist with ADM Investor services. Ostwald tells Daybreak Europe's Caroline Hepker and Roger Hearing he has doubts that many of the jobs lost in the U.S. will be reinstated after the crisis, because corporate profits will take a prolonged hit, and the...

Duration:00:08:18

Sirius Re CEO: Will Keep Dividend, Despite Covid-19 Uncertainty

6/1/2020
Sirius has a well-covered dividend and will be able to continue to pay back shareholders says Andrew Coombs, CEO of Sirius Real Estate. The FTSE250 manager of business parks in Germany, did however refrain from issuing annual guidance with Coomb's telling Daybreak Europe's Sandra Kilhof that the impact of Germany's lockdown easing has to be assessed before the firm can issue a new forecast.

Duration:00:03:39

Humphreys: Virus Apps May Act As Default Immunity Passports

5/29/2020
Stephen Humphreys, associate professor of law at London School of Economics, discusses the potential privacy issues surrounding track and trace apps, including the U.K.'s NHS-X app, with Bloomberg Daybreak Europe's Caroline Hepker and Matt Miller.

Duration:00:06:09

SMMT: U.K. Car Production Loss Could Cost Billions

5/29/2020
After the 99.7 percent drop in car making in Britain in April, it will be impossible to get back to full production while social-distancing within a plant says Mike Hawes, chief executive officer of the Society of Motor Manufacturers and Traders. Hawes tells Daybreak Europe's Caroline Hepker and Roger Hearing the outlook for the year will be significantly down, leading to losses in revenue of up to £12.5 billion.

Duration:00:05:04

Transport Committee Chair: Time To Look Again at TFL Funding

5/29/2020
The funding model for Transport For London will have to be looked at again after the collapse in fares during the pandemic says Alison Moore, chair of the London Assembly's Transport Committee. But Moore tells Daybreak Europe's Caroline Hepker and Roger Hearing, it is not being discussed at the moment whether fares will have to rise dramatically to deal with the shortfall.

Duration:00:04:37

Brussels Edition: The Future of the EU's Game Changing Proposal

5/28/2020
The EU is moving closer to a watershed moment after the Commission proposed a €750 billion rescue package of grants and loans for the region's hardest-hit economies. Markets reacted strongly, pricing out the risk of an imminent crisis and pushing the euro to its highest level in almost two months. Even so, there is still a long way to go, with Austria, the Netherlands, Sweden and Denmark — the region's so-called frugal four — set to push for changes. Guntram Wolff, economist and director at...

Duration:00:11:14

Property Portfolio: Short-Term Demand Spike Ahead of Price Drop

5/28/2020
Buyer demand in England is currently higher than it was pre-pandemic says Richard Donnell, Research & Insight Director at Zoopla. But he tells Daybreak Europe's Sandra Kilhof on Property Portfolio, that this spike will be short-lived and that U.K. house prices will face downward pressure in the second half of the year.

Duration:00:04:21

Boldt: Gousto Only Scratching the Surface of Demand

5/27/2020
The lockdown has brought an unprecedented opportunity as customers have flocked to meal-kit delivery service Gousto. The founder and chief executive Timo Boldt tells Daybreak Europe's Caroline Hepker and Roger Hearing he thinks those customers will remain even after the pandemic and that supermarkets cannot compete with his ultra-convenient offering, as he prepares to hire another 400 staff.

Duration:00:05:31

Kantar: U.K. Supermarkets Losing Market Share to Online

5/27/2020
There has been a real shift in how people are shopping, with consumers making fewer trips to the supermarkets, but buying more when they do says Charlotte Scott, a consumer insight director at Kantar. Online retailers like Ocado have seen a boost from this trend in market share at the expense of the others, Scott tells Daybreak Europe's Nejra Cehic and Roger Hearing, and also retailers with a Northern bias like Aldi, Asda and Morrison's are seeing softer growth.

Duration:00:04:37

Maersk Drilling: Don't Expect New Contracts This Year

5/27/2020
Maersk Drilling does not expect any new contracts of financial significance says Jørn Madsen, chief executive officer, as oil price volatility continues to affect the industry. The company is still within the loan covenants that they have, Madsen tells Daybreak Europe's Caroline Hepker and Roger Hearing, and they have high liquidity, running as one of the few in the industry with a positive cash flow.

Duration:00:04:54

Van Doorn: Business Districts Must Adapt Post-Pandemic

5/22/2020
Business districts need more green space and sustainable transport post-pandemic to remain attractive, according to Lisette van Doorn, chief executive of the Urban Land Institute in Europe. She speaks to Daybreak Europe's Caroline Hepker and Matt Miller about the EY/ULI 2020 Attractiveness of Global Business Districts Report.

Duration:00:05:57