1
00:00:02,360 --> 00:00:05,200
Speaker 1: This is the Bloomberg Daybreak You At podcast, available every

2
00:00:05,200 --> 00:00:08,400
Speaker 1: morning on Apple, Spotify or wherever you listen. It's Thursday,

3
00:00:08,440 --> 00:00:11,440
Speaker 1: the sixteenth of May in London. I'm Caroline Hepkin.

4
00:00:11,280 --> 00:00:14,360
Speaker 2: And I'm Stephen Carroll. Coming up today, Slovakia's Prime Minister

5
00:00:14,480 --> 00:00:18,000
Speaker 2: Robert Fiso fights for his life after an attempted assassination.

6
00:00:18,400 --> 00:00:25,400
Speaker 1: Shijingping tells Vladimir Putin the China Russia relationship should last generations.

7
00:00:24,920 --> 00:00:28,720
Speaker 2: And running ahead. The US Bureau of Labor Statistics accidentally

8
00:00:28,760 --> 00:00:31,680
Speaker 2: publishes inflation data thirty minutes early.

9
00:00:31,840 --> 00:00:33,879
Speaker 1: Let's start with a roundup of our top stories.

10
00:00:34,479 --> 00:00:38,120
Speaker 2: Slovakia's Prime Minister Robert Fiso has suffered serious injuries after

11
00:00:38,159 --> 00:00:42,159
Speaker 2: being shot multiple times in public while meeting supporters. His

12
00:00:42,240 --> 00:00:45,839
Speaker 2: situation was described as extraordinarily serious, but there are now

13
00:00:45,880 --> 00:00:49,960
Speaker 2: reports that he is recovering after surgery. The dominant political

14
00:00:49,960 --> 00:00:52,720
Speaker 2: figure in the country since the fall of communism, Fiso

15
00:00:52,800 --> 00:00:55,280
Speaker 2: returned to power last year with a rush of friendly

16
00:00:55,360 --> 00:00:58,320
Speaker 2: stance that has increasingly put him at odds with other

17
00:00:58,400 --> 00:01:02,480
Speaker 2: EU leaders. The country Interior Minister of matush Shutai Eshtak

18
00:01:02,680 --> 00:01:06,600
Speaker 2: says the attack was politically motivated.

19
00:01:07,200 --> 00:01:09,959
Speaker 3: I followed the critical condition of the PM. I was

20
00:01:10,000 --> 00:01:13,120
Speaker 3: in the operating theater with the Minister of Defense. I

21
00:01:13,120 --> 00:01:16,800
Speaker 3: wanted to see how someone can deal with hate this way. Please,

22
00:01:17,120 --> 00:01:19,319
Speaker 3: hate should not come in response to hate.

23
00:01:19,640 --> 00:01:23,240
Speaker 2: The Slovak interior minister there, speaking through a translator. A

24
00:01:23,240 --> 00:01:26,080
Speaker 2: man in his seventies has been arrested. It's the first

25
00:01:26,160 --> 00:01:28,720
Speaker 2: assassination attempt to honor a YOU leader in more than

26
00:01:28,760 --> 00:01:29,560
Speaker 2: two decades.

27
00:01:29,920 --> 00:01:33,679
Speaker 1: Chinese President Shijingping has told Vladimir Putin that he is

28
00:01:33,720 --> 00:01:37,360
Speaker 1: prepared to consolidate the bond between the countries for quote

29
00:01:37,520 --> 00:01:41,240
Speaker 1: generations to come. As the two leaders whole talks in Beijing.

30
00:01:41,760 --> 00:01:44,679
Speaker 1: Putin is aiming to ensure support for his government in

31
00:01:44,720 --> 00:01:48,160
Speaker 1: the country's ongoing war with Ukraine. Bloomberg Stephen Engel says

32
00:01:48,160 --> 00:01:49,800
Speaker 1: the visit is crucial for Russia.

33
00:01:50,320 --> 00:01:54,040
Speaker 4: I think it's absolutely vital for Vladimir Putin. Absolutely. I mean,

34
00:01:54,200 --> 00:01:57,800
Speaker 4: China has proven to be the vital lifeline, if you will,

35
00:01:57,960 --> 00:02:01,120
Speaker 4: as the war heads into its into its third year

36
00:02:01,200 --> 00:02:05,840
Speaker 4: now and again, Moscow relies on Beijing for the overwhelming

37
00:02:05,880 --> 00:02:10,320
Speaker 4: amount of trade and economic support. I'm not necessarily saying

38
00:02:10,360 --> 00:02:14,400
Speaker 4: that its products from China are getting are supporting the war.

39
00:02:14,520 --> 00:02:17,400
Speaker 4: But there have found the dual use technologies have been

40
00:02:17,440 --> 00:02:20,720
Speaker 4: finding their way onto the battlefield, whether it's semiconductor's ball

41
00:02:20,760 --> 00:02:23,079
Speaker 4: bearings or other equipment that was.

42
00:02:23,040 --> 00:02:27,000
Speaker 1: On Chief North Asia correspondent Stephen Engel speaking Putin and

43
00:02:27,040 --> 00:02:29,760
Speaker 1: she have met more than forty times since the Chinese

44
00:02:29,760 --> 00:02:32,840
Speaker 1: person came to power. In twenty twelve. The two leaders

45
00:02:32,840 --> 00:02:36,320
Speaker 1: declared a no limits friendship just weeks before Putin launched

46
00:02:36,440 --> 00:02:38,519
Speaker 1: his full scale invasion of Ukraine.

47
00:02:38,760 --> 00:02:42,080
Speaker 2: The latest US inflation data was released thirty minutes early,

48
00:02:42,200 --> 00:02:46,320
Speaker 2: raising concerns about the handling of sensitive economic information. There

49
00:02:46,320 --> 00:02:48,720
Speaker 2: were no signs at the early publication moved markets, but

50
00:02:48,800 --> 00:02:51,400
Speaker 2: the incident will likely prompt further scrutiny of the Bureau

51
00:02:51,440 --> 00:02:54,600
Speaker 2: of Labor Statistics course CPI cooled for the first time

52
00:02:54,600 --> 00:02:56,520
Speaker 2: in six months in April, news that helped the S

53
00:02:56,560 --> 00:02:58,120
Speaker 2: and P five hundred to end the day at an

54
00:02:58,120 --> 00:03:01,480
Speaker 2: old time high. David Kelly, chief Global Strategers that JP

55
00:03:01,560 --> 00:03:04,480
Speaker 2: Morgan Asset Management, says the US economy is stabilizing.

56
00:03:04,680 --> 00:03:07,400
Speaker 5: I think what we've got is a moderate moderation in

57
00:03:07,440 --> 00:03:10,560
Speaker 5: the US economy, both in terms of growth and inflation.

58
00:03:11,639 --> 00:03:14,600
Speaker 5: Inflation is it's taking its sweet time coming down, but

59
00:03:14,639 --> 00:03:17,000
Speaker 5: we still think it's a downward trend. And I think,

60
00:03:17,080 --> 00:03:19,000
Speaker 5: you know the reason for the market reaction is that

61
00:03:19,040 --> 00:03:20,960
Speaker 5: we didn't get an upside surprise. So we've now had

62
00:03:20,960 --> 00:03:24,440
Speaker 5: three reports. Who've had the jobs report, then we had

63
00:03:24,440 --> 00:03:27,360
Speaker 5: the consumer sentiment report, and now had the retail sales repoard.

64
00:03:27,400 --> 00:03:30,800
Speaker 5: They're all saying, you know, overall things are moderating here.

65
00:03:30,840 --> 00:03:33,799
Speaker 2: JPM Morgan's David Kelly speaking there now. Core consumer prices

66
00:03:33,840 --> 00:03:36,560
Speaker 2: rose by zero point three percent in April, with housing

67
00:03:36,600 --> 00:03:39,640
Speaker 2: and fuel costs driving much of the increase. That news

68
00:03:39,760 --> 00:03:42,440
Speaker 2: sparked a rallery in treasuries, while the Bloomberg Dollar spot

69
00:03:42,440 --> 00:03:43,600
Speaker 2: index hit a one month low.

70
00:03:43,800 --> 00:03:46,400
Speaker 1: Ben Bananke says that senior members of the Bank of

71
00:03:46,400 --> 00:03:50,440
Speaker 1: England have shown interest in publishing their own rate projections.

72
00:03:50,680 --> 00:03:53,360
Speaker 1: The former FED chief let a review into the central

73
00:03:53,360 --> 00:03:56,760
Speaker 1: banks forecasting this year after the Bank of England's failure

74
00:03:56,800 --> 00:04:01,240
Speaker 1: to anticipate a post COVID surge in inflation. Banankee told

75
00:04:01,440 --> 00:04:04,480
Speaker 1: MPs that the bank needs to move away from using

76
00:04:04,560 --> 00:04:08,480
Speaker 1: government and market assumptions to model its forecasts for the

77
00:04:08,560 --> 00:04:09,360
Speaker 1: UK economy.

78
00:04:10,040 --> 00:04:13,720
Speaker 6: I would be disappointed if the Bank did not seriously

79
00:04:14,400 --> 00:04:17,719
Speaker 6: review the possibility at some point in the next couple

80
00:04:17,760 --> 00:04:20,080
Speaker 6: of years. And I guess I'd like to add at

81
00:04:20,080 --> 00:04:21,880
Speaker 6: this point that I've told the Bank that I would

82
00:04:21,920 --> 00:04:24,960
Speaker 6: be happy to continue to advise and consult to the

83
00:04:25,000 --> 00:04:26,800
Speaker 6: extent that would be useful, and of course that will

84
00:04:26,839 --> 00:04:29,279
Speaker 6: be something that I would be interested in observing.

85
00:04:29,880 --> 00:04:33,320
Speaker 1: But BANKI also reiterated his reports criticism of the Bank

86
00:04:33,320 --> 00:04:36,400
Speaker 1: of England's internal forecasting. He said the Bank of England

87
00:04:36,560 --> 00:04:41,080
Speaker 1: was distracted by maintaining its infrastructure from maintaining its infrastructure

88
00:04:41,360 --> 00:04:44,760
Speaker 1: because it was putting out fires and dealing with criticism

89
00:04:44,800 --> 00:04:46,279
Speaker 1: from MPs and the public.

90
00:04:46,920 --> 00:04:50,760
Speaker 2: HSBC is leaning towards its next boss being an internal hire.

91
00:04:50,880 --> 00:04:53,919
Speaker 2: Bloomberg has learned that CFO George L. Hedri and the

92
00:04:53,920 --> 00:04:56,120
Speaker 2: head of Wealth and Personal Banking you know Mattos, are

93
00:04:56,160 --> 00:04:59,520
Speaker 2: seen as likely hires. Current CEO nol Quinn says, whoever

94
00:04:59,520 --> 00:05:02,920
Speaker 2: has success is they face a global landscape that's increasingly

95
00:05:02,960 --> 00:05:03,840
Speaker 2: hard to navigate.

96
00:05:04,400 --> 00:05:07,520
Speaker 7: If you want to be ceover bank and an international bank,

97
00:05:07,920 --> 00:05:11,760
Speaker 7: you have to get used to dealing with complexity and

98
00:05:11,800 --> 00:05:17,120
Speaker 7: so any complexity into relative simplicity. For our people. Two

99
00:05:17,240 --> 00:05:20,719
Speaker 7: hundred thousand people need to serve clients. Even if the

100
00:05:20,720 --> 00:05:23,880
Speaker 7: world is complex, any CEO of any international bank is

101
00:05:23,880 --> 00:05:26,680
Speaker 7: going to have to deal with complexity on the international scene.

102
00:05:27,160 --> 00:05:30,479
Speaker 2: HSBC CEO no Quinn, speaking there at the Cutar Economic

103
00:05:30,560 --> 00:05:34,080
Speaker 2: Forum this week, he announced he would be retiring last month.

104
00:05:34,360 --> 00:05:37,120
Speaker 2: Sources added the search it's only just beginning and the

105
00:05:37,120 --> 00:05:38,599
Speaker 2: board could change direction.

106
00:05:39,080 --> 00:05:43,240
Speaker 1: Netflix says that monthly active users of its advertising supported

107
00:05:43,279 --> 00:05:47,320
Speaker 1: subscription plan now top forty million. That's up by five

108
00:05:47,440 --> 00:05:51,440
Speaker 1: million just one year. That's up from five million just

109
00:05:51,480 --> 00:05:54,480
Speaker 1: one year ago. The streaming giant says that in our

110
00:05:54,520 --> 00:05:57,480
Speaker 1: plans to launch an in house ad technology platform to

111
00:05:57,560 --> 00:06:01,280
Speaker 1: support this growing part of its business. It comes as

112
00:06:01,320 --> 00:06:04,880
Speaker 1: Netflix also announced plans to stream a number of NFL

113
00:06:05,040 --> 00:06:08,800
Speaker 1: games in the firm's latest push into live events.

114
00:06:09,320 --> 00:06:12,160
Speaker 2: And some breaking news this hour, the CEO of EasyJet,

115
00:06:12,240 --> 00:06:15,680
Speaker 2: Johann Lungern, is to step down early next year. This

116
00:06:15,839 --> 00:06:19,000
Speaker 2: after the low cost airline reported first half headline pre

117
00:06:19,080 --> 00:06:21,480
Speaker 2: tax last slightly less than had been expected of three

118
00:06:21,600 --> 00:06:25,039
Speaker 2: hundred and fifty million pounds. The first half revenue figure

119
00:06:25,120 --> 00:06:28,080
Speaker 2: came in slightly ahead of expectations, as well as the

120
00:06:28,120 --> 00:06:31,400
Speaker 2: second half seat capacity coming in slightly higher than had

121
00:06:31,400 --> 00:06:34,760
Speaker 2: been predicted by analysts at fifty nine million. That's the

122
00:06:34,839 --> 00:06:37,520
Speaker 2: latest breaking news on EasyJet. Well, let's bring you more

123
00:06:37,520 --> 00:06:40,960
Speaker 2: details on our top stories now. Slovakia's Prime minister is

124
00:06:41,000 --> 00:06:43,960
Speaker 2: still being treated in hospital this morning after an assassination

125
00:06:44,040 --> 00:06:47,359
Speaker 2: attempt in the central town of Handlova yesterday. A seventy

126
00:06:47,360 --> 00:06:49,680
Speaker 2: one year old man has been arrested. Police believe he

127
00:06:49,760 --> 00:06:52,720
Speaker 2: has a clear political motive. Let's get the latest now

128
00:06:52,720 --> 00:06:56,320
Speaker 2: from our senior Central and Eastern Europe reporter Andrea Dudik. Andrea,

129
00:06:56,440 --> 00:06:59,520
Speaker 2: good morning. What is the latest that we know about

130
00:06:59,560 --> 00:07:01,120
Speaker 2: Robert V says condition this morning?

131
00:07:01,640 --> 00:07:04,840
Speaker 8: Good morning, The information actually is quite sketchy at the moment,

132
00:07:05,000 --> 00:07:08,479
Speaker 8: because the latest information we have is that he that

133
00:07:08,880 --> 00:07:10,840
Speaker 8: he may be out of life threatening condition and he's

134
00:07:10,880 --> 00:07:14,240
Speaker 8: recovering after surgery. But what we're really waiting to hear

135
00:07:14,760 --> 00:07:19,080
Speaker 8: is from the government or the medical staff wider confirmation

136
00:07:19,200 --> 00:07:22,520
Speaker 8: that this is indeed the case. We haven't heard from

137
00:07:22,880 --> 00:07:26,880
Speaker 8: any of the government or medical staff for hours.

138
00:07:26,920 --> 00:07:31,800
Speaker 1: Now, Okay, what do we know about what happened yesterday? Andrea.

139
00:07:33,160 --> 00:07:36,560
Speaker 8: Robert Fitzou is a very popular politician in Slovakia and

140
00:07:36,640 --> 00:07:40,160
Speaker 8: he often takes his government to towns and cities outside

141
00:07:40,160 --> 00:07:42,960
Speaker 8: of capital, which is exactly what happened yesterday. And after

142
00:07:43,000 --> 00:07:46,840
Speaker 8: the government meeting in Handlova, he went and wanted to

143
00:07:46,920 --> 00:07:50,080
Speaker 8: talk to his supporters as he often does, and one

144
00:07:50,120 --> 00:07:53,600
Speaker 8: of them attacked him and Robert Fitzu, the Prime Minister,

145
00:07:53,720 --> 00:07:57,440
Speaker 8: was risked away to a nearby hospital and then transferred

146
00:07:57,440 --> 00:07:59,560
Speaker 8: to another facility for surgery.

147
00:08:01,040 --> 00:08:04,280
Speaker 2: What's been the reaction from leaders in Slovakia Andrea.

148
00:08:05,400 --> 00:08:10,840
Speaker 8: The reaction was one of shock, disbelief, and also it

149
00:08:10,960 --> 00:08:14,160
Speaker 8: showed the sort of split that has gripped the nation

150
00:08:14,440 --> 00:08:19,120
Speaker 8: over the last few years. Most people have said that

151
00:08:19,480 --> 00:08:22,920
Speaker 8: rebuked this a horrible act of violence against the prime minister,

152
00:08:23,400 --> 00:08:26,840
Speaker 8: but then some of his allies said that it was

153
00:08:26,880 --> 00:08:30,560
Speaker 8: the media and the opposition were to blame for what happened,

154
00:08:30,600 --> 00:08:33,920
Speaker 8: that they have escalated this split in the country.

155
00:08:35,280 --> 00:08:35,480
Speaker 7: Yeah.

156
00:08:35,840 --> 00:08:40,719
Speaker 1: Absolutely, Robert f It'za fifty nine years old. There was

157
00:08:40,760 --> 00:08:43,800
Speaker 1: also a video of what happened yesterday, and so I

158
00:08:43,840 --> 00:08:47,160
Speaker 1: think perhaps the shock even greater given given that that

159
00:08:47,400 --> 00:08:51,240
Speaker 1: was seen. And it's not just in Slovakia, it's across

160
00:08:51,320 --> 00:08:53,320
Speaker 1: Europe that I think there's been shocked because it's the

161
00:08:53,360 --> 00:08:57,520
Speaker 1: first time that we've seen such an assassination attempt on

162
00:08:57,640 --> 00:09:00,240
Speaker 1: a leader for at least a couple of decades, a

163
00:09:00,320 --> 00:09:01,560
Speaker 1: very significant event.

164
00:09:02,080 --> 00:09:04,240
Speaker 2: Andrea Did, a Garcinia reporter, thank you very much for

165
00:09:04,320 --> 00:09:06,000
Speaker 2: joining us with the latest on that story.

166
00:09:06,480 --> 00:09:10,560
Speaker 1: Well, let's continue our discussions then around Russian President Vladimir Putin,

167
00:09:10,600 --> 00:09:13,560
Speaker 1: who has met with China's Shijinping as part of a

168
00:09:13,600 --> 00:09:16,959
Speaker 1: trip designed to ensure support for Moscow as the war

169
00:09:16,960 --> 00:09:20,160
Speaker 1: in Ukraine continues. The two leaders have also been attending

170
00:09:20,160 --> 00:09:24,280
Speaker 1: a signing ceremony of cooperation documents. This according to Shinhwa

171
00:09:24,400 --> 00:09:27,920
Speaker 1: News this morning, President she has talked about how China

172
00:09:27,960 --> 00:09:31,360
Speaker 1: and Russia should further strengthen their development, and that they

173
00:09:31,400 --> 00:09:36,840
Speaker 1: have exchanged views on international and regional issues. Joining us

174
00:09:36,840 --> 00:09:40,080
Speaker 1: now for Morea's Bloomberg's Asia Government and Politics correspondent Rebecca

175
00:09:40,240 --> 00:09:44,440
Speaker 1: Chung Wilkins, Rebecca, thank you for being with us, so

176
00:09:44,960 --> 00:09:49,640
Speaker 1: Putin and she signing these documents. We've been looking at

177
00:09:49,679 --> 00:09:53,440
Speaker 1: pictures coming in from China of this. How significant then

178
00:09:53,559 --> 00:09:56,760
Speaker 1: is this meeting and as they say, exchange of views

179
00:09:56,800 --> 00:09:57,920
Speaker 1: on a range of issues.

180
00:09:58,960 --> 00:10:01,480
Speaker 9: Well, there's certainly one of other sort of most important

181
00:10:01,480 --> 00:10:05,040
Speaker 9: allies when it comes to this bigger geopolitical agenda of

182
00:10:05,080 --> 00:10:08,680
Speaker 9: building the so called multipolar world, pushing back on what

183
00:10:08,840 --> 00:10:12,840
Speaker 9: they see as sort of the US hegemony. But of course,

184
00:10:12,960 --> 00:10:17,280
Speaker 9: since Ladimir Putin's invasion of Ukraine, there has been a

185
00:10:17,320 --> 00:10:21,360
Speaker 9: deeper and much deeper imbalance in that relationship. Russia has

186
00:10:21,440 --> 00:10:25,800
Speaker 9: needed China economically far more than it has ever done

187
00:10:25,920 --> 00:10:27,000
Speaker 9: in the past, and.

188
00:10:26,880 --> 00:10:29,000
Speaker 10: There have been these sort of points of friction.

189
00:10:29,240 --> 00:10:34,040
Speaker 9: So despite the so called no limits relationship between the two,

190
00:10:34,400 --> 00:10:36,400
Speaker 9: what we've seen is time and time again there are

191
00:10:36,520 --> 00:10:41,160
Speaker 9: certain constraints to that. There was one discussion, for example,

192
00:10:41,360 --> 00:10:45,120
Speaker 9: between over the gas pipeline that's sort of known as

193
00:10:45,160 --> 00:10:49,040
Speaker 9: the power of Siberia two. Now, this is an issue

194
00:10:49,200 --> 00:10:51,800
Speaker 9: where Russia has always sort of typically plays us up

195
00:10:51,800 --> 00:10:54,439
Speaker 9: as an imminent deal being done, and Beijing has sort

196
00:10:54,480 --> 00:10:56,839
Speaker 9: of dragged its feet a little bit more wanting and

197
00:10:56,920 --> 00:10:59,480
Speaker 9: more favorable deal. So I'm looking really closely to see

198
00:10:59,480 --> 00:11:01,960
Speaker 9: if there's any progress on that over the next couple

199
00:11:02,000 --> 00:11:03,880
Speaker 9: of days. It looks like there isn't. But so when

200
00:11:03,880 --> 00:11:05,960
Speaker 9: we look at these sort of really key, big issues,

201
00:11:06,679 --> 00:11:09,400
Speaker 9: we don't see an enormous amount of progress so far,

202
00:11:09,520 --> 00:11:10,400
Speaker 9: at least.

203
00:11:10,400 --> 00:11:12,679
Speaker 2: Rebecca, how difficult is it for China to continue to

204
00:11:12,679 --> 00:11:15,960
Speaker 2: supports Russia without further antagonizing the US.

205
00:11:16,960 --> 00:11:18,840
Speaker 10: It has certainly been a challenge.

206
00:11:18,920 --> 00:11:22,439
Speaker 9: I mean, just this month, I think US has tightened

207
00:11:22,720 --> 00:11:27,600
Speaker 9: sanctions on perceived or alleged Chinese support for Russia twice already,

208
00:11:28,200 --> 00:11:31,240
Speaker 9: and these sort of threats of US reprisals for what

209
00:11:31,320 --> 00:11:35,280
Speaker 9: they say is China's support for Russia's industrial war machine

210
00:11:35,440 --> 00:11:38,160
Speaker 9: have sort of upped the ante. And in fact, in

211
00:11:38,240 --> 00:11:41,920
Speaker 9: March we saw trade between Russia and China four for

212
00:11:41,960 --> 00:11:45,160
Speaker 9: the first time since twenty twenty two, possibly in that

213
00:11:45,320 --> 00:11:48,720
Speaker 9: context of people being somewhat more companies rather I should say,

214
00:11:48,800 --> 00:11:52,920
Speaker 9: being somewhat more circumspect about the type of support they're offering,

215
00:11:53,160 --> 00:11:55,840
Speaker 9: but rhetorically at least, you know, this is a very

216
00:11:55,960 --> 00:11:59,320
Speaker 9: sort of full throated support that we're seeing from sea

217
00:11:59,400 --> 00:12:02,840
Speaker 9: dipping for Putin, you know, must be sort of gratifying

218
00:12:02,960 --> 00:12:05,400
Speaker 9: this commitment that China is ready to work with Russia

219
00:12:05,480 --> 00:12:08,640
Speaker 9: as a good neighbor, friend and partners, precisely what Putin

220
00:12:08,679 --> 00:12:09,240
Speaker 9: wants to hear.

221
00:12:09,679 --> 00:12:14,040
Speaker 1: Yeah, absolutely, you can follow actually the meeting, the press

222
00:12:14,080 --> 00:12:17,360
Speaker 1: conference that they're giving, or the address at least between

223
00:12:17,480 --> 00:12:21,240
Speaker 1: Putin and she on the terminal live this joint briefing.

224
00:12:21,280 --> 00:12:23,319
Speaker 1: So as you say, you know, the red carpet is

225
00:12:23,360 --> 00:12:25,920
Speaker 1: being rolled out, you can see it from the pomp

226
00:12:25,920 --> 00:12:29,520
Speaker 1: and circumstance around them. But what do you think is

227
00:12:29,600 --> 00:12:34,240
Speaker 1: China's primary interest here? If you say that she'sing's been

228
00:12:34,640 --> 00:12:38,079
Speaker 1: a bit foot dragging in some of the deals with Russia.

229
00:12:37,960 --> 00:12:40,360
Speaker 9: Now, I think on the one hand, you know, China

230
00:12:40,640 --> 00:12:44,080
Speaker 9: is a little bit careful about not sort of exacerbating

231
00:12:44,160 --> 00:12:47,240
Speaker 9: or not wanting to enrage the US, particularly when it's

232
00:12:47,240 --> 00:12:49,640
Speaker 9: so focused on trying to get its economy back up

233
00:12:49,720 --> 00:12:52,760
Speaker 9: and running. But on the other hand, Russia is and

234
00:12:52,840 --> 00:12:56,600
Speaker 9: Moscow does present an important ally in pushing back and

235
00:12:56,720 --> 00:12:59,080
Speaker 9: offering or appearing at least to offer an.

236
00:12:59,000 --> 00:13:01,800
Speaker 10: Alternative to the US led world order.

237
00:13:01,960 --> 00:13:05,080
Speaker 9: I mean, Russia is a really important partner historically, and

238
00:13:05,200 --> 00:13:08,600
Speaker 9: even more so now as we see the sort of deepening.

239
00:13:08,480 --> 00:13:09,680
Speaker 10: Fractures of the world.

240
00:13:09,960 --> 00:13:13,280
Speaker 9: We saw hints of that even in president She's tripped

241
00:13:13,320 --> 00:13:16,599
Speaker 9: during Europe, for example, the mention and the visit to

242
00:13:16,679 --> 00:13:19,720
Speaker 9: Belgrade on the twenty fifth anniversary of the Belgrade bombing.

243
00:13:19,720 --> 00:13:21,000
Speaker 10: That's a nod to the sort.

244
00:13:20,880 --> 00:13:24,559
Speaker 9: Of deep distrust of NATO, the close ties and the

245
00:13:24,640 --> 00:13:29,200
Speaker 9: visit to Hungary and Sabia, both countries that maintain very

246
00:13:29,240 --> 00:13:33,000
Speaker 9: close ties to Moscow within Europe. So you can also

247
00:13:33,160 --> 00:13:36,080
Speaker 9: see that she, as much as he's trying to sort

248
00:13:36,120 --> 00:13:39,600
Speaker 9: of tamper down the sort of tensions with the US

249
00:13:39,600 --> 00:13:43,320
Speaker 9: and with Europe, still placing that relationship with Russia, this

250
00:13:43,480 --> 00:13:47,079
Speaker 9: alternative world order very much front and center of his

251
00:13:47,160 --> 00:13:48,640
Speaker 9: frogn policy agenda.

252
00:13:49,160 --> 00:13:51,880
Speaker 2: This is Bloomberg Daybreak Europe. You're morning brief on the

253
00:13:51,920 --> 00:13:55,000
Speaker 2: stories making news from London to Wall Street and beyond.

254
00:13:55,240 --> 00:13:59,240
Speaker 1: Look for us on your podcast feed every morning on Apple, Spotify,

255
00:13:59,360 --> 00:14:01,280
Speaker 1: and anywhere else you get your podcasts.

256
00:14:01,320 --> 00:14:04,360
Speaker 2: You can also listen live each morning on London Dab Radio,

257
00:14:04,400 --> 00:14:07,119
Speaker 2: the Bloomberg Business app, and Bloomberg dot Com.

258
00:14:07,120 --> 00:14:09,920
Speaker 1: Our flagship New York station is also available on your

259
00:14:09,920 --> 00:14:14,640
Speaker 1: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.

260
00:14:14,880 --> 00:14:16,199
Speaker 1: I'm Caroline Hepka and.

261
00:14:16,120 --> 00:14:18,800
Speaker 2: I'm Stephen Carol. Join us again tomorrow morning for all

262
00:14:18,800 --> 00:14:21,240
Speaker 2: the news you need to start your day right here

263
00:14:21,280 --> 00:14:26,800
Speaker 2: on Bloomberg Daybreak Europe