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May 13, 2020
05/20
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coming up, as the u.k. economy shrinks 6% in march and the government extend its furlough scheme, we speak with the shadow chancellor next. this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance ." i am francine lacqua. >> thousands have returned to their offices across some of asia's financial hub. things will not return to normal for a long time. hong kong is planning for partitions in some workstations. employees will be able to choose to work from home permanently when the outbreak finally receives. half theey has told company that they are unlikely to reopen offices, but most can work from wherever they want. employs around 5000 people around the world. the indian government is planning a $65 billion spending plan to support the economy. it expects a contraction india's top motorcycle maker, hero, is urging the government to reduce taxes on its products. bloomberg business flash. francine: thank you so much. let's get more on the u.k. sinkingws the economy into t
coming up, as the u.k. economy shrinks 6% in march and the government extend its furlough scheme, we speak with the shadow chancellor next. this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance ." i am francine lacqua. >> thousands have returned to their offices across some of asia's financial hub. things will not return to normal for a long time. hong kong is planning for partitions in some workstations. employees will be able to choose...
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May 15, 2020
05/20
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viewers joining us in the u.k. have -- in the u.k., welcome to "outside source." our main focus in the.k.'s antibodies. england has become the latest country to approve the use of a bloodest that can tell whether or not you have had the coronavirus. the test was developed by sw s drug country -- company and has already been approved for use in the united states. health x roots can you -- e perts can use the test to work out how ny peove been infected, but whether it means disease is still an open question. >> it's what millions of britons want to learn -- have they already had coronairus?no it is possible to findut for sure with a blood test. this can be done by hand at imperial college in londonedr in an autom process leatew highly accantibody test approved for use in the u.k.. if you get infected with starts to produce antibodies. these become part of the system's memory. again, they should attack it. but how much protection they will give an how long that immunity will last is unclear. >>om viruses, we know the protection can fade. it's possible to be infected
viewers joining us in the u.k. have -- in the u.k., welcome to "outside source." our main focus in the.k.'s antibodies. england has become the latest country to approve the use of a bloodest that can tell whether or not you have had the coronavirus. the test was developed by sw s drug country -- company and has already been approved for use in the united states. health x roots can you -- e perts can use the test to work out how ny peove been infected, but whether it means disease is...
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the u.k. foreign minister said today and i'm quoting him here he said there are different ways of counting deaths we now publish data that includes all deaths in all settings and not all countries do that of course he was referring to italy there is he speaking the language of science in statistics or more the parlance of party politicians what do you think. one of the sad reflections about this in europe is it's been a bit of a competition we're doing better than you or your doing better than those oh we're not as bad as that guy over there which is a bit of a pity because the human beings at the end of this but having said that the testing strategy not the testing strategy that's been bad in the u.k. but the recording strategy in the u.k. is very good the office for national statistics to count this very meticulously and this data reason really quite accurate for deaths registered up till the 24th of april now is dominic rogers right there are different ways of accounting for deaths in diffe
the u.k. foreign minister said today and i'm quoting him here he said there are different ways of counting deaths we now publish data that includes all deaths in all settings and not all countries do that of course he was referring to italy there is he speaking the language of science in statistics or more the parlance of party politicians what do you think. one of the sad reflections about this in europe is it's been a bit of a competition we're doing better than you or your doing better than...
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and the u.k. and the tragic ties that bind politicians in washington in london often speak of a special relationship between the 2 countries. is a common culture and history a shared language or denying to that relationship is one of shared sorrow as of today america and britain lead the world in the number of lives lost to the new coronavirus the u.k. has surpassed italy to claim the title of europe's deadliest country in this pandemic on both sides of the atlantic high were talladega has been reached in similar ways the governments of the u.k. and u.s. are accused of doing too little too late their leaders downplayed the outbreaks severity leaving medics unprotected and ill equipped at what is now the frontline in the most lethal pandemic in a century doctors say they should be doing more testing if only they had enough testing kits our 1st report takes us tonight to the u.k. during the government's donnelly coronavirus briefing britain's new deftones one official most difficult. and what he see
and the u.k. and the tragic ties that bind politicians in washington in london often speak of a special relationship between the 2 countries. is a common culture and history a shared language or denying to that relationship is one of shared sorrow as of today america and britain lead the world in the number of lives lost to the new coronavirus the u.k. has surpassed italy to claim the title of europe's deadliest country in this pandemic on both sides of the atlantic high were talladega has been...
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airlines in the u.k. warned this could be the final nail in the coffin for an industry already struggling to survive through the crisis some say the effects will be far wider reaching. it will be devastating not just for the aviation sector but they will see . tens of thousands of redundancies coming towards their lives in the u.k. but more devastating for manufacturing and tourism sectors the loyal aviation we've already seen 1000 redundancies rules royce last week we're likely to see more coming like that and we risk having this help becoming a long oil and. the government says it will review the new rule every 3 weeks after it comes into force and for more on this we're joined now by i did have you correspondent in london figure how how is this quarantine actually going to be set up and enforced. well everybody arriving to the u.k. has to give a residential address now that will probably make it very very difficult for business travelers but it has to be a residential address all the details are paulso
airlines in the u.k. warned this could be the final nail in the coffin for an industry already struggling to survive through the crisis some say the effects will be far wider reaching. it will be devastating not just for the aviation sector but they will see . tens of thousands of redundancies coming towards their lives in the u.k. but more devastating for manufacturing and tourism sectors the loyal aviation we've already seen 1000 redundancies rules royce last week we're likely to see more...
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well everybody who is arriving into the u.k. even u.k. citizens they have to give a residential address this will obviously be very very tricky for business travelers who has to be a residential address and then this address address will be passed on to public health officials who will be able to do spot checks they will be able to just turn out and see if people are indeed at home and if they're not then there are fines up to a 1000 pounds or so really quite a hefty punishment for people that are not adhering to these strict new rules hefty fine indeed but how damaging is this actually going to be to the qana me in general barrett well we've had business groups they have been very very critical when this news came about they said it would be isolationists is one manufacturing group has said and they say it's pretty much the end of any business travel however the public at large are usually quite a bit cautious they feel very positive about the government lockdown really also fearing an easing up of the lot and so i could imagine that the
well everybody who is arriving into the u.k. even u.k. citizens they have to give a residential address this will obviously be very very tricky for business travelers who has to be a residential address and then this address address will be passed on to public health officials who will be able to do spot checks they will be able to just turn out and see if people are indeed at home and if they're not then there are fines up to a 1000 pounds or so really quite a hefty punishment for people that...
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May 9, 2020
05/20
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as the u.k. government decides whethe or not to ease lockdown measures, people in wales will be able to exercise outside more than once a day. from the lifting of one of the strictest lockdowns in europe, how the people of spain are coping with their daily commute. >> today is the first day i leave home and go to work. i am afraid. we do not know what will happen if we catch the virus. ♪ >> hello and welcome to audiences in the u.k. and around the world. we are covering the latest coronavirus development here in britain and globally. europe has been marking the 75th anniversarof the defeat of na zi germany in the second world war. events are scaled down because of the pandemic. the president expressed gratitude for the country's liberation for the nazis. a moment of silence was led by prince charles and his wife camilla in scotland. nicholas witchell reports. nicholas: in streets largely deserted due to the lockdown, britain remembered and gave thanks for the day when the second world war in eu
as the u.k. government decides whethe or not to ease lockdown measures, people in wales will be able to exercise outside more than once a day. from the lifting of one of the strictest lockdowns in europe, how the people of spain are coping with their daily commute. >> today is the first day i leave home and go to work. i am afraid. we do not know what will happen if we catch the virus. ♪ >> hello and welcome to audiences in the u.k. and around the world. we are covering the latest...
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May 20, 2020
05/20
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the u.k. negotiator accusing the eu of offering a low quality deal. david frost says it is unworthy of the fair trade agreement. michel barnier a says they want to keep the benefits of being a member state without the obligations. moderna shares tumbled after hitting an all-time high after a publication highlighted the preliminary nature of the data surrounding its potential coronavirus vaccine. new zealand's central bank governor is open to turning the cash rate negative, but only if it passes a number of tests. he says it has to be seen as necessary and effective. the reserve bank has turned to quantitative easing as its main tool. 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. this is bloomberg. francine: thank you so much. fed chair it off with jay powell testifying before the senate banking committee. powell tried to stay neutral when drawn into the debate over stimulus. powell said stimulus
the u.k. negotiator accusing the eu of offering a low quality deal. david frost says it is unworthy of the fair trade agreement. michel barnier a says they want to keep the benefits of being a member state without the obligations. moderna shares tumbled after hitting an all-time high after a publication highlighted the preliminary nature of the data surrounding its potential coronavirus vaccine. new zealand's central bank governor is open to turning the cash rate negative, but only if it passes...
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May 11, 2020
05/20
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for u.k. airlines. it does seem as if the government's announcement over the last 24 hours is going to have a significant impact on any reopening of u.k. airlines. does this effectively end the prospect of a summer recovery for those carriers? robert: hi. it is absolutely a blow. i think as we are starting to see other parts of the economy open up, we are seeing restrictions affect the u.k. airlines. many think we are now more uncertain about where we are going in the future. i think as long as there is a quarantine in place, there cannot be a restart to aviation in july. now our priority is to get more detail on what this means, how quickly we can move away from quarantine and start to get on again. guy: do you think this is the death knell for the summer? summer is the most important period for carriers as they fly people on their holiday. obviously, business travel remains under considerable pressure, but the summer period, especially for low-cost carriers, absolutely critical. a length con
for u.k. airlines. it does seem as if the government's announcement over the last 24 hours is going to have a significant impact on any reopening of u.k. airlines. does this effectively end the prospect of a summer recovery for those carriers? robert: hi. it is absolutely a blow. i think as we are starting to see other parts of the economy open up, we are seeing restrictions affect the u.k. airlines. many think we are now more uncertain about where we are going in the future. i think as long as...
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might change in the u.k. yes so i mean the social distancing and the stay at home message pretty much still the same despite that change in logo what he's talked about is that social distancing fines will be increased that they will be working on allowing some people to go to the office if they have to and they can't stay at home and that in the future in july they would talk about reopening hospitality but at the moment people the most they can really do is exercise more than once a day but pretty much they have to stick to the same rules it's sunny not party time in the u.k. yet when boris johnson has been criticized for his handling of the pandemic across the u.k. what can you tell us about that yeah he has right from the beginning for being slow not taking it seriously photopia about shaking hands with people including those who had coronavirus missing crucial government meetings where he just didn't turn up and also being of course very slow to lock down the u.k. but as we know the rate the death rate in
might change in the u.k. yes so i mean the social distancing and the stay at home message pretty much still the same despite that change in logo what he's talked about is that social distancing fines will be increased that they will be working on allowing some people to go to the office if they have to and they can't stay at home and that in the future in july they would talk about reopening hospitality but at the moment people the most they can really do is exercise more than once a day but...
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May 22, 2020
05/20
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politics in the u.k. feel more normal. you have effective opposition and an effective opposition leader and the government failings are being exposed more. francine: what will boris johnson be judged on? is it trying to safeguard the economy? he has been getting a tough time as of late. if there were a vote in six or seven months, what would people want? rupert: we don't know because we are in this phase where public opinion seems to be overwhelmingly focused on how governments are dealing with the health crisis. in the u.k., the economic crisis has not hit home. you were talking about the furlough scheme. for a lot of people, the economy is stuck in suspended animation. they have not seen the full impact of the economic crisis. in the u.k., the government's rating overall has held up. there has been a rush of patriotic support the government during a crisis but that is starting to fail. it will be interesting to see whether we move on to focus on the economic side, which they seem to have done pretty well, or whether deal
politics in the u.k. feel more normal. you have effective opposition and an effective opposition leader and the government failings are being exposed more. francine: what will boris johnson be judged on? is it trying to safeguard the economy? he has been getting a tough time as of late. if there were a vote in six or seven months, what would people want? rupert: we don't know because we are in this phase where public opinion seems to be overwhelmingly focused on how governments are dealing with...
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May 8, 2020
05/20
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seismic shocks in the u.k. as well. the bank of england warns the u.k. is headed for its worst economic downturn in history. black people in the u.k. are twice as likely to die from covid-19 as right people. we look at why. and these live images coming in from downing street where, as you can see, the pme minister is among thousands saying thanks to frontline workers battling covid-19. warm welcome to the program. across europe, some countries are beginning to take tentative steps out of lockdown. france will start reopening monday, gradually ringing two months of confinement to an end. the french -- bringing two months of confinement to an end. thfrench government has released this map of hospital admissions, a key part of the strategy. paris and surrounding areas still have infection rates that are too high. they are classified as a red zone and strict conditions will continue to apply there. the president calledor a progressive unwinding of the lockdown. >> in light of the data from our health services gathered in the last few days, the gradual lift o
seismic shocks in the u.k. as well. the bank of england warns the u.k. is headed for its worst economic downturn in history. black people in the u.k. are twice as likely to die from covid-19 as right people. we look at why. and these live images coming in from downing street where, as you can see, the pme minister is among thousands saying thanks to frontline workers battling covid-19. warm welcome to the program. across europe, some countries are beginning to take tentative steps out of...
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for the u.k. thank you. here are some of the other stories now that are making headlines around the world the donald trump has denied any involvement by the u.s. government in what venezuelan officials have called a failed armed incursion in the south american country venezuelan authorities arrested 2 american citizens among the group of alleged mercenaries they claim the group wanted to overthrow president nicolas maduro. the u.n. says overcrowded in unhygenic prisons in latin america or a major concern during the coronavirus pandemic one official said some jails have up to 5 times as many inmates as they were designed to hope fear of infection has triggered wired in prisons in several countries a leading philippine t.v. station that has reported critically on president. has been forced off the air the networks and license expired after hearings on the renewal application were delayed and a temporary license was denied government officials deny that the closure had anything to do with limiting press freedom
for the u.k. thank you. here are some of the other stories now that are making headlines around the world the donald trump has denied any involvement by the u.s. government in what venezuelan officials have called a failed armed incursion in the south american country venezuelan authorities arrested 2 american citizens among the group of alleged mercenaries they claim the group wanted to overthrow president nicolas maduro. the u.n. says overcrowded in unhygenic prisons in latin america or a...
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May 21, 2020
05/20
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the u.k. leisure business issuing equity this morning. they are asking existing shareholders to give them a little bit more money. this is really the son of a trend. we are seeing u.k. companies and others across to dip into their pockets. they haven't always got a positive story to tell. this is a very challenged after. anybody who works in pubs and coffee and hotels, this is going to be any difficult straits. >> i think certainly the conditions we are seeing right now is that companies are taking advantage of these alter accommodative conditions. the appetite is therefore buyers to try to want to take hold of these companies. i think that is something we are going to see going forward. corporate debt levels continue to increase. in an environment where we won't have to see financial conditions tight, what the impact will be over the medium term for these economies. certainly, these conditions do warrant the type of action we are seeing because the demand is there. right, thanks very much for
the u.k. leisure business issuing equity this morning. they are asking existing shareholders to give them a little bit more money. this is really the son of a trend. we are seeing u.k. companies and others across to dip into their pockets. they haven't always got a positive story to tell. this is a very challenged after. anybody who works in pubs and coffee and hotels, this is going to be any difficult straits. >> i think certainly the conditions we are seeing right now is that companies...
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May 29, 2020
05/20
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welcome to our viewers in the u.k. boris johnson has announced that from monday, people in the u.k. will be allowed to meet outdoors in groups of up to six people as long as separate households remain two meters apart from each other. the prime minister said 377 people have died after testing positive for coronavirus in all u.k. settings in the past days. the overall u.k. death toll from the virus has risen to 37,837. boris johnson said restrictions could be lifted further because of a sustained fall in the death rate. >> i cannot will not throw away all the gains we have made together. so, the changes we are making are limited and cautious. it's thanks to the caution we have shown so far that all five tests are being met. host: one of the tests is keeping the rate of infection down. this is what is referred to as the r number. here is our medical correspondent to explain. >> r is the infection rate, and the number of people on average that an infected person passes covid two. you have to have that below one to have a shrinking epidemic. it is currently between .7-point nine, close
welcome to our viewers in the u.k. boris johnson has announced that from monday, people in the u.k. will be allowed to meet outdoors in groups of up to six people as long as separate households remain two meters apart from each other. the prime minister said 377 people have died after testing positive for coronavirus in all u.k. settings in the past days. the overall u.k. death toll from the virus has risen to 37,837. boris johnson said restrictions could be lifted further because of a...
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May 14, 2020
05/20
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for example, analysis from the u.k. office of national statistics reveals black people in the u.k. are four times as likely to die from the disease as white people. we have this reportrt n from london. >> this doctor has had enough, which is whyhy she came t to dog street t to protest. even though she is six months pregnant, she had to fight for protective gear in the hospital because therere just wasn't enoughgh. >> i'm here todayor all the doctors, nurses, and health care workers who lost their lives tragically and senselessly to covid. >> more than 200 health-care workers have died in britain so far, two thirds of them were ethnic minorities. here in the united kingdom, data has shown the virus does indeed discriminate, even though everyone has access to free health care. experts are unsure about the reasons, but say they vary from overcrowded housing to print -- pre-existing medical conditions. what is clear is that covid-19 reveals long-standing existing inequalities in british society. which rings true in this multiethnic neighborhood of brixton, one of the covid hotspots in
for example, analysis from the u.k. office of national statistics reveals black people in the u.k. are four times as likely to die from the disease as white people. we have this reportrt n from london. >> this doctor has had enough, which is whyhy she came t to dog street t to protest. even though she is six months pregnant, she had to fight for protective gear in the hospital because therere just wasn't enoughgh. >> i'm here todayor all the doctors, nurses, and health care workers...
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in fact the u.k. now has the 2nd highest number in the whole well behind the united states but even so there are many people particularly in his own party on the right to his saying it is time to ease those restrictions but out on the streets of london today most people seemed very keen to keep those restrictions in place i think you should just be. a little bit more strict and just you know until there's a little bit more security and a bit more safe stuff and we should just ask him which is you know maybe ease looked down by just not a moment i don't think people are listening too much to we know more how can we risk it i mean they're plenty that will send people up to my needs that means a lot to people i think that certain things which you know it's caylee less likely to catch it i do is that men do is. you know you're not going to capture just passing someone casually have to be in some amount of contact with them so i think if they caught a lot of things but again we have to be. and alex what ab
in fact the u.k. now has the 2nd highest number in the whole well behind the united states but even so there are many people particularly in his own party on the right to his saying it is time to ease those restrictions but out on the streets of london today most people seemed very keen to keep those restrictions in place i think you should just be. a little bit more strict and just you know until there's a little bit more security and a bit more safe stuff and we should just ask him which is...
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May 1, 2020
05/20
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a dlt day for the u.k. in terms of figures, but the prime minister saying potentially the u.k. is past the peak. >> this is his first press conference since he was in hospital in intensive care forth e days. he was flanked medical and scientific advisors. he wanted to , hdec wre g omw passed the speak oodf thee infection. the u.k. is seeing light at the ten to crash into another mountain. although, he has given some good news, he dampens the prospecof an earlyxit from the lockdown. he is promising a comprehensive plan now. probably not with a very distinct timescale for each measure, but he will be trying to say how the economy can reopen, c how schoo reopen, and how places can become safer and have social distancing. tha's all for next week. today, some good news about the virus, but also some clues a to what might be necessary when the lockdown is modified. he was talking, for example, about potentially the use of face masks not jusfor medical but to give people some confidence when they go bacrek , work tvi their working nment. the health secretary was flanked by medical and
a dlt day for the u.k. in terms of figures, but the prime minister saying potentially the u.k. is past the peak. >> this is his first press conference since he was in hospital in intensive care forth e days. he was flanked medical and scientific advisors. he wanted to , hdec wre g omw passed the speak oodf thee infection. the u.k. is seeing light at the ten to crash into another mountain. although, he has given some good news, he dampens the prospecof an earlyxit from the lockdown. he is...
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May 13, 2020
05/20
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. -- the shadow chancellor of the u.k. do you worry that things are going to get much worse in the u.k., and is this a taste of things to come worldwide the ec? >> the second quarter is going to be worse than the first. we have examples of china, but particularly of other european countries, what it means to lock down your economy. things are going to shrink much worse than the numbers today for the first quarter. the big question now is no longer how things move forward in the second quarter, but really how strong can we recover in the rest of the year. this is the main focus. it is already a done deal, more or less. francine: what is your main worry? do we underestimate the severity of the crisis and the recession, or do we underestimate or overestimate the power of the recovery? i think by now it is the power of the recovery. i think it took economist a while to really get a handle on how deep the decline would be. we are having good indications whether young on look at it quarter to quarter or annualized, we will get 4
. -- the shadow chancellor of the u.k. do you worry that things are going to get much worse in the u.k., and is this a taste of things to come worldwide the ec? >> the second quarter is going to be worse than the first. we have examples of china, but particularly of other european countries, what it means to lock down your economy. things are going to shrink much worse than the numbers today for the first quarter. the big question now is no longer how things move forward in the second...
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May 25, 2020
05/20
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and u.k. markets are not trading, but we are watching european markets close up or than 2%, a bigger than 2.5% gain on the dax in germany, now up almost 300 points to 11,370 on optimism that the lockdowns are -- safeell in terms of havens are not bidding up s&p futures, although the s&p cash trade will not happen today, s&p futures are rising as our dow jones and nasdaq futures. let's check in on bloomberg first word news headlines with leigh-ann gerrans in london. ann: protesters are bowing to stage more demonstrations this week in hong kong after hong kong announced plans to crackdown on dissent. police used tear gas and water cannon against demonstrators. at least 180 people were arrested. now japan as and its nationwide state of emergency. coronavirus cases have tail off and prime minister shinzo abe told a news conference that reviving the economy is now the top priority. government will decide in a second budget to help businesses and individuals. the u.s. will prohibit the entry of most
and u.k. markets are not trading, but we are watching european markets close up or than 2%, a bigger than 2.5% gain on the dax in germany, now up almost 300 points to 11,370 on optimism that the lockdowns are -- safeell in terms of havens are not bidding up s&p futures, although the s&p cash trade will not happen today, s&p futures are rising as our dow jones and nasdaq futures. let's check in on bloomberg first word news headlines with leigh-ann gerrans in london. ann: protesters...
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May 6, 2020
05/20
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i don't understand how the u.k. and the united states c start trade negotiations when the u.k. doesn't know what the nature of its relationship with the eu is going to look like going forward. presumably, the nature of that relationship is going to be pivotal to the kind of relationship that the u.k. can ultimately have with the united states. the chance to for come on and talk about it. it's a good question. it's one we have been talking to our american colleagues about, something we've called the trade and investment working group -- trade investment working group. we believe we can do both together. there are things that are not contingent on our future relationship with the eu, including our future tariff toime, our own approach regulation around some of the key things our american colleagues want to talk about. we believe we can complete the process of leaving the eu. brexit happened on january 31. now we are engaged in negotiation about the future of the arrangement. alongside that, we can move past our futuren relationship with our u.s. colleagues. guy: obviously, we are
i don't understand how the u.k. and the united states c start trade negotiations when the u.k. doesn't know what the nature of its relationship with the eu is going to look like going forward. presumably, the nature of that relationship is going to be pivotal to the kind of relationship that the u.k. can ultimately have with the united states. the chance to for come on and talk about it. it's a good question. it's one we have been talking to our american colleagues about, something we've called...
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and the u.k. are experiencing that worst defeat for years so do those looking to create a world free from the ideology of neo liberalism need a new model of resistance and organization joining me now via skype from new york is jacobin founding editor and tribune publisher bus because of cholera whose new book the socialist manifesto the case for radical politics in an era of extreme inequality is out now basco welcome to going underground so tell me about this socialist manifesto book as it's come out and it's out now just as the dull compulsion of economic relations as you quote for marks in the book seems to have ended as government intervene overcovered 19 well yes i think we're seeing a return of the state or one of the things that i try to express in the book is that even without state policies might change at certain point so might be more laissez faire it might be more stay. interventionist and other points fundamentally the system is still based on a division between those who work and who
and the u.k. are experiencing that worst defeat for years so do those looking to create a world free from the ideology of neo liberalism need a new model of resistance and organization joining me now via skype from new york is jacobin founding editor and tribune publisher bus because of cholera whose new book the socialist manifesto the case for radical politics in an era of extreme inequality is out now basco welcome to going underground so tell me about this socialist manifesto book as it's...
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May 1, 2020
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genuinely think, i look back by the u.k. has done and way, when we put into lockdown, it was earlier in the epidemic in france, italy and spain, i think that we took the right , andres at the right time do not forget that people are talking about the difficulties of lockdown and various questions about until health and suicide. it is a demanding thing to ask a population. right to makeely theperiod of lockdown with peak of the epidemic. it has passed. i think broadly speaking, we are learning lessons every day, but i think broadly speaking, we did the right thing at the right time. since he make international comparisons, let me remind you that the time that we had to take those difficult decisions, we were looking at a situation where it seemed all too plausible that people would not get ventilated beds. it seemed possible that people would not have access to intensive care, as we were seeing happening in other cases around the world. this country did come together to protect the nhs, to enforce and obey the social distanci
genuinely think, i look back by the u.k. has done and way, when we put into lockdown, it was earlier in the epidemic in france, italy and spain, i think that we took the right , andres at the right time do not forget that people are talking about the difficulties of lockdown and various questions about until health and suicide. it is a demanding thing to ask a population. right to makeely theperiod of lockdown with peak of the epidemic. it has passed. i think broadly speaking, we are learning...
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May 13, 2020
05/20
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BLOOMBERG
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for the u.k. and the bank of england, we would expect them to prefer to expand qe in terms of easing policy further. that looks possible over the coming months. moving to negative rates, there computations for what it means, and policymakers have to think about what signal that is sending, what is the problem they are trying to address here. if it is trying to make sure banks lend as much as possible, there are alternative ways of achieving that, rather than saying negative rates. then they have in mind the thatended consequences banks may intentionally lend less if they are facing costs of negative rates. matt: unintended consequences for the whole economy, i think it is interesting how much the president wants to see this. we have a function on the bloomberg. trump's all of donald tweets on twitter. "as long as tweeted other countries are receiving the benefits of negative rates, the usa should accept the gift, big numbers." what do you think are the benefits of negative rates? do you think the
for the u.k. and the bank of england, we would expect them to prefer to expand qe in terms of easing policy further. that looks possible over the coming months. moving to negative rates, there computations for what it means, and policymakers have to think about what signal that is sending, what is the problem they are trying to address here. if it is trying to make sure banks lend as much as possible, there are alternative ways of achieving that, rather than saying negative rates. then they...
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May 20, 2020
05/20
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BLOOMBERG
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andrew bailey testifies today as the u.k. chancellor sees a recession unprecedented in scale. 6:00 a.m. in london, 9:00 a.m. in dubai. the global debate on negative rates. rbnz thatt was the shifted the dial in terms of monetary policy. -- only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. i think it will be interesting to see where the fed would be with the ecb. their rhetoric is shifting further away from the and irp domain -- nirp domain. let's see what happens with the bank of england. nejra: you love that phrase and i do remember it well. absolutely saying that negative rates have got to jump the hurdles. when we heard from powell yesterday as well, where the focus was much more from the take away with him not being so gung ho about talking about fiscal the way he was in the past but then if we talk about what shifted the market, it all came back to moderna and concerns. we had the bank of america survey.
andrew bailey testifies today as the u.k. chancellor sees a recession unprecedented in scale. 6:00 a.m. in london, 9:00 a.m. in dubai. the global debate on negative rates. rbnz thatt was the shifted the dial in terms of monetary policy. -- only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. i think it will be interesting to see where the fed would be with the ecb. their rhetoric...
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exactly what the u.k. has here. well experts say and they have been saying that for a while that the government has reacted slow and ha ha did that the lockdown for example came way too late in the process when the virus had already spread across the country especially in london the hot spot of the pandemic and that is one of the reasons of course why the death toll is so high here but the other one too while the u.k. was at the height of the pandemic boris johnson the prime minister. went even into intensive can of the virus himself there was a clear lack of leadership at that point and nobody really stepping out no political progress being made on testing and in protective gear for example so it felt like the perfect storm at times but the british don't seem to cry just yet because today new polls showed that the trust in government has not been higher than today in a long time and you know when you look at the situation from. people with. the prime minister. with jean you would think that the government would be
exactly what the u.k. has here. well experts say and they have been saying that for a while that the government has reacted slow and ha ha did that the lockdown for example came way too late in the process when the virus had already spread across the country especially in london the hot spot of the pandemic and that is one of the reasons of course why the death toll is so high here but the other one too while the u.k. was at the height of the pandemic boris johnson the prime minister. went even...
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May 16, 2020
05/20
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KQED
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david: the u.k. government says restrictions may be relaxed at different rates, but that could be difficult to manage if some people are free to move around and others are still in lockdown. david shukman, bbc ns. anchor: more worrying economic ne out of the u.s.. retail sales slumped more than 16% in april, their biggest ever fall. manufacturing output suffered a record drop as states across the u.s. imposed lockdowns. all of this at the back of thursday's figures showing 36 million americans have applied for unemployment benefits in the space of just two m let's get more fr our business correspondent, michelle fleury. michelle: further confirmation of the economic damage we have seenna from the corus to the world's biggest economy. you have millions americans stuck at he. massive drop in reales.e a the biggest area we saw this dr was in clothing. if you look at the retail sector, there havanbeen many cos struggling even before the pandemic. th an we hav seen bankruptcies,. crew one of them, neiman
david: the u.k. government says restrictions may be relaxed at different rates, but that could be difficult to manage if some people are free to move around and others are still in lockdown. david shukman, bbc ns. anchor: more worrying economic ne out of the u.s.. retail sales slumped more than 16% in april, their biggest ever fall. manufacturing output suffered a record drop as states across the u.s. imposed lockdowns. all of this at the back of thursday's figures showing 36 million americans...
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u.k. . the health secretary defends the government's decision to ease the u.k. lock down as it's revealed that covert 19 transmissions is increasing. police across england prepared to disperse anti lock down protests shed to offer this weekend out of the prime prosecution service rules that all charges under the coronavirus act are unlawful. and n.h.s. breakdown reveals over a quarter of virus patient deaths in england also suffer from diabetes as the prime minister calls for more proactive campaign to tackle obesity we have the reaction of a cardiologist. the home office says it will not treat british and irish citizens in northern ireland as e.u. citizens after a landmark case we hear from the woman behind the legal action. on charges reported increase in elderly people struggling to put food on the table during the lockdown with food banks saying there's been a tripling into the. welcome to r.t. u.k. the health secretary matt hancock has defended the government's decision to ease lockdo
u.k. . the health secretary defends the government's decision to ease the u.k. lock down as it's revealed that covert 19 transmissions is increasing. police across england prepared to disperse anti lock down protests shed to offer this weekend out of the prime prosecution service rules that all charges under the coronavirus act are unlawful. and n.h.s. breakdown reveals over a quarter of virus patient deaths in england also suffer from diabetes as the prime minister calls for more proactive...
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May 15, 2020
05/20
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BLOOMBERG
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alongside investment grade in the u.k., we like u.k. investment and u.k. mid-cap plays. anna: thank you for your thoughts this morning, alan higgins. he will be continuing his conversation with bloomberg on bloomberg radio at 9:00. you can find matt there. africa maybe ground zero for airline bankruptcies. next, we speak with the ceo of africa's biggest airline, ethiopia airlines. conversationhe around the broader aviation questions. this is bloomberg. ♪ bloomberg. ♪ staying connected your way is easier than ever. you're just a tap away from personalized support on xfinity.com. get faster internet speeds with a click. order xfi pods to your home in a snap. or change your xfinity services with just a touch. all in one place. you're only seconds away from all of that on xfinity.com. faster than a call. easy as a tap. now that's simple, easy, awesome. anna: welcome back to the european market open. the session got open to a flying start. we are off our highs, but still up by 1.2% on the stoxx 600 this morning. sectorsgot all of the in europe in positive territory. trave
alongside investment grade in the u.k., we like u.k. investment and u.k. mid-cap plays. anna: thank you for your thoughts this morning, alan higgins. he will be continuing his conversation with bloomberg on bloomberg radio at 9:00. you can find matt there. africa maybe ground zero for airline bankruptcies. next, we speak with the ceo of africa's biggest airline, ethiopia airlines. conversationhe around the broader aviation questions. this is bloomberg. ♪ bloomberg. ♪ staying connected your...
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May 7, 2020
05/20
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KQED
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if like me you are in the u.k. or in the u.s., we are a long way down the citizens people want to accept in. we will see a slow unlocking. there is, is is only justti st now. what we don't know is if there will be another flareup of the virus which will inducenoer lockdown. were seeing the roots and possibilities of travel returning to normal at the moment. ros: i want to update you on the lockdown in spain. it is going to continue for two more weeks after parliament voted to eend the state of emergency. this is what we hea earlier. >> the decision to come to parliament for yet another extension of the state of emergency is based on science and those who vote against it, and the extension, are basing themselves on the worst possible politics, partisan politics. ros: different calculations being made. we are watching all different countries but everyone is working germany closely, r how it has managed to keep its lfataliti and how its infection rates react to the easing orestrictions. kasia: a lot of interest. weryb
if like me you are in the u.k. or in the u.s., we are a long way down the citizens people want to accept in. we will see a slow unlocking. there is, is is only justti st now. what we don't know is if there will be another flareup of the virus which will inducenoer lockdown. were seeing the roots and possibilities of travel returning to normal at the moment. ros: i want to update you on the lockdown in spain. it is going to continue for two more weeks after parliament voted to eend the state of...
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well the u.k. has the most the most deaths in europe with more than 30000 fatalities some experts are forecasting a 14 percent drop in the nation's g.d.p. in 2020 the worse in 300 years meanwhile the food and drug administration u.s. biotech firm a durned has now now has a green light to move on to phase 2 trials for the coated $1000.00 vaccine which shares jumped on the news the stock is up 150 percent year to date this comes as some scientists discovered slight mutations in some strains of the virus it remains unconfirmed whether these mutations will lead to an increase in contagiousness $1000.00 still taking its toll on the global economy as unemployment and business failures continue to pile up for more numbers and formation on the coronavirus be sure to check our portable dot t.v. up and look for the section at trucking coronavirus. jobless claims still on the rise as we just mentioned new numbers released thursday showed 3.2 more 1000000 americans filed for unemployment in the last week of ap
well the u.k. has the most the most deaths in europe with more than 30000 fatalities some experts are forecasting a 14 percent drop in the nation's g.d.p. in 2020 the worse in 300 years meanwhile the food and drug administration u.s. biotech firm a durned has now now has a green light to move on to phase 2 trials for the coated $1000.00 vaccine which shares jumped on the news the stock is up 150 percent year to date this comes as some scientists discovered slight mutations in some strains of...
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it's revealed the u.k. government rejected a plan by public health officials to lock down care homes and protects the most vulnerable residents. protests in the us city of minneapolis descend into violence for the 3rd night running following the death of a black man in police custody meanwhile president trump is accused of inflaming tensions. and the family of crash victim harry done is to bring a private prosecution against the u.k. foreign secretary for allowing his alleged killer to escape justice. welcome to our team u.k. the chancellor has announced employers will start paying towards the cost of the job retention furlough scheme for ghost with firms expected to pay 20 percent by october but the government is also wish to increase sick pay amid fears the test in-tray system could force those told to isolate into financial trouble well actually u.k. shut it every step he joins me now with the latest on this are there sharia so then look at what changes the chancellor announced so essentially the chance
it's revealed the u.k. government rejected a plan by public health officials to lock down care homes and protects the most vulnerable residents. protests in the us city of minneapolis descend into violence for the 3rd night running following the death of a black man in police custody meanwhile president trump is accused of inflaming tensions. and the family of crash victim harry done is to bring a private prosecution against the u.k. foreign secretary for allowing his alleged killer to escape...
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poorer cities and poor regions in the u.k. and across europe and the corner was this really highlighting you case starkly white moment the look of health care and threats of the social safety nets to call it if you will outreach you see the british government attacked the un special rapporteur when he was saying things like you are saying there about the political decisions that were made after $28.00 as regards austerity and do you think that a media here run by oligarchs can hide some of this from the general public or at least from the policy makers and decision makers so we don't fully understand the world the way you see it well in he has a very important role to play here and sing about not spending now trillions of europe's pounds and dollars where should the money come from and i sing the ben b. is indeed austerity but austerity it all group is talking we have to revise or commies we have to help to corrupt parts of society him and. maybe facing even the class warfare in u.k. europe and america in america i guess europ
poorer cities and poor regions in the u.k. and across europe and the corner was this really highlighting you case starkly white moment the look of health care and threats of the social safety nets to call it if you will outreach you see the british government attacked the un special rapporteur when he was saying things like you are saying there about the political decisions that were made after $28.00 as regards austerity and do you think that a media here run by oligarchs can hide some of this...
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May 14, 2020
05/20
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-u.k. brexit talks or post-brexit talks, and that , ins that there could be the wto rules on trade at the u.k.and the u.k., the government has not backed down on its claim that it will ask for an extension of the transition phase. have an awful lot of negative --tors coming together, and francine: what happens to overall the deficit, jane? what happens after the 119? happens be honest, what then depends on the prospective news. tohink the market will start worry more if there isn't, particularly if the government is still under pressure for its handling of the coronavirus crisis. and also i think as we move into the middle of the year, as we willtoward -- the market be taking hold of the economic news, and there is quite clearly in the u.k. a significant reluctance of workers to go back to work because of this fear about coronavirus, and this perhaps is the most sensitive illustration of how badly the government has handled this. people in the u.k. are frightened of going back to work, of g
-u.k. brexit talks or post-brexit talks, and that , ins that there could be the wto rules on trade at the u.k.and the u.k., the government has not backed down on its claim that it will ask for an extension of the transition phase. have an awful lot of negative --tors coming together, and francine: what happens to overall the deficit, jane? what happens after the 119? happens be honest, what then depends on the prospective news. tohink the market will start worry more if there isn't,...
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britain will leave without a deal but hope possible motivation for the u.k. government david frost shaft the lead negotiator have for not attempting to come to an agreement what would be the political motivation for for such a stance it may well if you have i think a case we can wrap up the economic damage of no deal breaks it by blaming it on the fallout from the candidate crisis so 'd people somehow will not notice because it will be so bad anyway that is totally irresponsible calculating manipulative. if that is what the game is and it will be it's behavior that we've seen for the 1st time we're now you're all part of the labor party have been pretty quiet about the issue. of an extension in the house of commons do you think that the new leaders of kill starmer just bought some clever and waiting is time or do you think the labor party i'm genuinely ambiguous about whether there should be an extension or not well i it that's a very good question. and yes the labor party is a very broad church and there will be different points of view but there's just elec
britain will leave without a deal but hope possible motivation for the u.k. government david frost shaft the lead negotiator have for not attempting to come to an agreement what would be the political motivation for for such a stance it may well if you have i think a case we can wrap up the economic damage of no deal breaks it by blaming it on the fallout from the candidate crisis so 'd people somehow will not notice because it will be so bad anyway that is totally irresponsible calculating...
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May 5, 2020
05/20
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ALJAZ
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the u.k. death toll from crown of ours is now the highest in europe that's according to newly released data from the office for national statistics and it shows that the number of fatalities reached 38002 weeks ago for more on that we're joined by i think he now comes at us she's a researcher in long time caste systems at the london school of economics joins us on skype from country in the u.k. thanks for joining us you've been following the numbers in the u.k. very closely to what degree do you think we can take them at face value. i think that these figures are giving as a with a view of the scale of the if we are still of a concerned whether wayward correctly getting numbers on the people who die of coroner vytas order in relation to crown of light as in cat homes so it we're still trying to look at david mark at 18 and a date but we know that the numbers that he were jim know that this has been a huge problem so what would give us a better guide as to the actual numbers and with the actual
the u.k. death toll from crown of ours is now the highest in europe that's according to newly released data from the office for national statistics and it shows that the number of fatalities reached 38002 weeks ago for more on that we're joined by i think he now comes at us she's a researcher in long time caste systems at the london school of economics joins us on skype from country in the u.k. thanks for joining us you've been following the numbers in the u.k. very closely to what degree do...
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May 11, 2020
05/20
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BLOOMBERG
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the u.k. reporting since march, though south korea warns of a second wave of infections. boris johnson said there would be no immediate end to the lockdown as he detailed the initial steps to kickstart the economy on sunday. let's get to the markets now, how are markets responding to the latest news? mark cudmore joins us from singapore. what do you think is underscoring the optimism in markets? futures pointing higher. is it the lockdown measures being tentatively listed -- lifted? is it the expectation of more support to come? >> i think it is a combination. the fact we are using lockdown restrictions is providing a boost to sentiment. there is that backstop. the message that if it has not been sufficient stimulus so far, they are willing to do more. central banks are willing to do whatever it takes. it may be does not prevent a second dip in equities, but it will prevent the doomsday scenarios people were considering. we finished positively last weekend that momentum is carried into this we
the u.k. reporting since march, though south korea warns of a second wave of infections. boris johnson said there would be no immediate end to the lockdown as he detailed the initial steps to kickstart the economy on sunday. let's get to the markets now, how are markets responding to the latest news? mark cudmore joins us from singapore. what do you think is underscoring the optimism in markets? futures pointing higher. is it the lockdown measures being tentatively listed -- lifted? is it the...
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u.k. welcome to our viewers from around the world where life from central london are currently awaiting the government's daily coronavirus press briefing given today by home secretary pretty pretty well meanwhile our other headlines this hour. the u.k. government is set to outline quarantine plans for international travelers pretty aviation experts warn it could destroy the industry. the scientific group advising the u.k. government publishes its evidence for the reopening of schools in june but only feel some certainty among teachers and parents are we talking to an expert in online learning. leaks a government report reveals that emergency responders are concerned out the prospect of britain leaving the e.u. without a day off with the virus still contained we hear from politics expert we can now cross live to the u.k. help secretary proceed with our leading. good afternoon and welcome to the government's daily briefing on coronavirus i'm pleased to be joined this afternoon by pulling kim
u.k. welcome to our viewers from around the world where life from central london are currently awaiting the government's daily coronavirus press briefing given today by home secretary pretty pretty well meanwhile our other headlines this hour. the u.k. government is set to outline quarantine plans for international travelers pretty aviation experts warn it could destroy the industry. the scientific group advising the u.k. government publishes its evidence for the reopening of schools in june...
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u.k. the home secretary has unveiled plans for quarantining international travelers to prevent new waves of coronavirus during the u.k. government's daily coronavirus press briefing pretty patel said arrivals would have to self isolate for 14 days with tough penalties for those who don't comply onto u.k. shadi admits that he has the latest on this so that shot it what are these new quarantine proposals so essentially the big news of today is yet another attempt to try and stop the spread of the virus and the sense to keep the our number as low as possible so today the home secretary pretty fertile announced that anybody coming into the united kingdom from aboard will have to quarantine for up to 14 days. we offer when the science and introduce him public health measures that are supported by sage this will rule will require international arrivals to self isolate for 14 days that is the incubation period of the virus so that if people have become infected overseas we can limit the spread of
u.k. the home secretary has unveiled plans for quarantining international travelers to prevent new waves of coronavirus during the u.k. government's daily coronavirus press briefing pretty patel said arrivals would have to self isolate for 14 days with tough penalties for those who don't comply onto u.k. shadi admits that he has the latest on this so that shot it what are these new quarantine proposals so essentially the big news of today is yet another attempt to try and stop the spread of the...
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now has more deaths than any other european country figures released by the u.k.'s office for national statistics show the number of deaths has moved past 32000 overtaking italy the country has been under lockdown since the end of march straight social distancing measures remain in place but authorities are urging people to save lives by staying at home the u.k. no has the 2nd highest coronavirus death toll in the world just behind the us. joining me now from london is our correspondent there good must be if you can become the new epicenter in europe how has it got to this point. well the figures include all the suspected deaths of covert 19 this is what the government is saying say not not everywhere where a test has confirmed that a person has died of the virus but also where it was suspected and of course the government are saying that you have to take it with a pinch of salt at every country records the deaths in a different way and that only in a few months maybe even years time will it be possible to have an accurate comparison but i think one thing is clear
now has more deaths than any other european country figures released by the u.k.'s office for national statistics show the number of deaths has moved past 32000 overtaking italy the country has been under lockdown since the end of march straight social distancing measures remain in place but authorities are urging people to save lives by staying at home the u.k. no has the 2nd highest coronavirus death toll in the world just behind the us. joining me now from london is our correspondent there...
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airlines in the u.k. warned this could be the final nail in the coffin for an industry already struggling to survive through the crisis some say the effects will be far wider reaching. it will be devastating not just for the aviation sector but they will see . tens of thousands of redundancies coming from the course of their lives in the u.k. but more devastating for manufacturing and tourism sectors the loyal aviation we've already seen 1000 redundancies out rules royce last week i would like you to see more coming like that and we risk having this help becoming along in oil and. the government says it will review the new rule every 3 weeks after it comes into force. muslims around the world are preparing for either a major festival that marks the end of ramadan islams holiest month but as the coronavirus pandemic rages on celebrations will look vastly different to the causal scenes of previous years. filmed this time last year this is what dhaka in bangladesh normally looks like in preparation for 8. no
airlines in the u.k. warned this could be the final nail in the coffin for an industry already struggling to survive through the crisis some say the effects will be far wider reaching. it will be devastating not just for the aviation sector but they will see . tens of thousands of redundancies coming from the course of their lives in the u.k. but more devastating for manufacturing and tourism sectors the loyal aviation we've already seen 1000 redundancies out rules royce last week i would like...
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the short term because as prime minister of the u.k. i am in no doubt that we must defeat this threat and face the challenge of recovery together our progress will depend on meeting 5 essential tests protecting the n.h.s. reducing both the daily death toll and the infection rate in a sustained way ensuring that testing and p p e can meet future demand a global problem but one that we must fix and avoiding a 2nd peak that would overwhelm the n.h.s. a new u.k. wide joint bio security center will measure our progress with a 5 stage kogut coded alert system and the combined effect of all measures so far has been to prevent us from reaching level 5 a situation that would have been in which the n.h.s. would have been overwhelmed and to hold us at level full thanks to the hard work and sacrifice of the british people by following the social distancing rules we're now in a position where we can move in stages to where i hope the scientific advice will tell us that we are down to level 3 but this will only happen if everyone continues to play th
the short term because as prime minister of the u.k. i am in no doubt that we must defeat this threat and face the challenge of recovery together our progress will depend on meeting 5 essential tests protecting the n.h.s. reducing both the daily death toll and the infection rate in a sustained way ensuring that testing and p p e can meet future demand a global problem but one that we must fix and avoiding a 2nd peak that would overwhelm the n.h.s. a new u.k. wide joint bio security center will...