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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. This is the Bloomberg

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Speaker 1: Daybaq podcast, available every morning on Apple, Spotify or wherever

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Speaker 1: you listen. It's Friday, the sixteenth of February in London.

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Speaker 1: I'm Caroline Hepke and.

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Speaker 2: I'm Stephen Carroll. Coming up today, Apple gets settle launch

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Speaker 2: a new AI tool as it goes head to head

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Speaker 2: with rival Microsoft.

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Speaker 1: Labour secures a double election win as the Conservatives reportedly

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Speaker 1: walk back major tax cup plans.

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Speaker 2: Plus a milestone moment in Greece as it becomes the

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Speaker 2: first majority Christian Orthodox country to legalize same sex marriage.

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Speaker 1: Let's start with a roundup of our top stories.

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Speaker 2: Bloomberg has learned that Apple is finalizing work on a

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Speaker 2: new artificial intelligence tool for app developers. It's understood the

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Speaker 2: new system we'll use AI to code more quickly and

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Speaker 2: compete with Microsoft's rival system. Chief correspondent Mark German got

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Speaker 2: the scoop.

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Speaker 3: The way Apple looks at AI. They're not going to

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Speaker 3: release a chatbot. They're not going to release a chat

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Speaker 3: GPT competitor, despite having one internally. They're going to apply

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Speaker 3: artificial intelligence to their applications where it makes sense and

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Speaker 3: one place it makes sense is for development of software.

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Speaker 2: Mark German says sources have told him that Apple's next

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Speaker 2: iPhone and iPad software updates will also include a slew

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Speaker 2: of new artificial intelligence features. Will have more from Mark

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Speaker 2: in a few minutes time when he joins us on

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Speaker 2: the show. The news comes as Microsoft backed open Ai

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Speaker 2: tased a new system that can create realistic looking videos

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Speaker 2: based on text prompts from users. The move makes it

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Speaker 2: the latest company in the sector to embrace generative video technology.

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Speaker 4: Now.

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Speaker 1: Labor have taken two parliamentary seats from the Conservatives in

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Speaker 1: by election results, suggesting that they are on the brink

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Speaker 1: of power in the UK. Labour's Jen Kitchen won the

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Speaker 1: Wellingborough constituency with only fourteen thousand votes. That's a swing

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Speaker 1: of twenty eight and a half percent.

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Speaker 5: I also know from the thousands of conversations I have

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Speaker 5: had during this campaign how desperately people want change and

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Speaker 5: a fresh start for our country, and everyone who has

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Speaker 5: told me they are willing to look at Labor again,

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Speaker 5: I want to thank you all for this opportunity and

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Speaker 5: I won't let you down.

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Speaker 1: If Labor could achieve the same swing as Kitchens win

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Speaker 1: or Labour's are the by election victory in Kingswood. Nationally,

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Speaker 1: they would take power in the next general election. The

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Speaker 1: results also mean that the Conservative government has now suffered

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Speaker 1: more defeats in a single term of office than any

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Speaker 1: government since the nineteen sixties.

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Speaker 2: The Chancellor has reportedly shelved plans for a two p

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Speaker 2: cut to income tax. The Telegraph says the news of

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Speaker 2: a recession has made Jeremy Hunt postponed plans to reduce

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Speaker 2: the basic rate from twenty to eighteen percent. Bloombergs James

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Speaker 2: Wilcock has more.

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Speaker 6: Of MPs are clinging on to tax cuts as their

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Speaker 6: electoral north star, but the Telegraphs say figures inside the

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Speaker 6: Treasury are looking on in horror at new forecasts for

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Speaker 6: servicing government debt with high long term interest rates. The

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Speaker 6: Chancellor himself made a rare comment on monetary policy yesterday.

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Speaker 7: Many people thought it wouldn't hit the Bank of England's

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Speaker 7: two percent target for a year. It now looks like

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Speaker 7: it might do that in the next few months, and

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Speaker 7: when that happens you can start to bring down interest rates.

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Speaker 6: It comes as Bloomberg has learned that Hunt is considering

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Speaker 6: cuts the public spending next month to make room for

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Speaker 6: voter friendly tax giveaways in London. James Wilcock Bloomberg Radio Well.

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Speaker 1: Now to FED policy, Raphael Bostic says that there's no

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Speaker 1: rush to cut interest rates with the US labor market

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Speaker 1: and economy as strong as they are. The Atlanta Fed

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Speaker 1: president also sounded a note of caution for those who

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Speaker 1: believe that inflation is heading back to two percent. Here's

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Speaker 1: what he said during a speech in New York.

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Speaker 8: We have made some and gratifying progress and slowing the

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Speaker 8: pace of inflation. All things considered, the US economy is

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Speaker 8: in a good spot, even an enviable spot compared to

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Speaker 8: other major economies. But from my vantage point, the evidence

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Speaker 8: from data, our surveys, and our outreach says that victory

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Speaker 8: is not clearly in hand and leaves me not yet

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Speaker 8: comfortable that inflation is inexorably declining to our two percent objective,

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Speaker 8: and that may be true for some time, even if

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Speaker 8: the January Consumer Price Index report turns out to be

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Speaker 8: an aberration.

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Speaker 1: The Fed's Raphael Bosig also repeated his expectation for a

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Speaker 1: first cut to occur in the third quarter of this year.

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Speaker 1: Data out earlier this week showed that US consumer prices

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Speaker 1: jumped at the start of the year, with the CPI

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Speaker 1: index rising by more than forecasts across the board.

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Speaker 2: In January, escalating conflicts between Israel and has Belas fueling

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Speaker 2: fears of a new war front in Lebanon, the Iran

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Speaker 2: backed group fired dozens of rockets into northern Israel from

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Speaker 2: lab responding to the killing of one of its commanders

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Speaker 2: in an Israeli strike on Wednesday. Professor Salmon Zarka, director

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Speaker 2: of a medical center in Israel, says there are a

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Speaker 2: number of casualties associated with the fighting.

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Speaker 9: So far, We've treated over one hundred and seventy injureding

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Speaker 9: connection to these shooting and all the challenges coming from Hesbela.

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Speaker 9: These matters are within our training. Our team is ready

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Speaker 9: and prepared, and it responded this morning despite the sarens

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Speaker 9: and provided the required response.

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Speaker 2: That Salmon Zarka, speaking through a translator. A government advisor

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Speaker 2: says Lebanon's Prime minister has reached out to the US

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Speaker 2: and France in a bid to ease tensions. Both Hesbela

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Speaker 2: and Hamas are supported by Iran and considered terrorist organizations

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Speaker 2: by the United States.

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Speaker 1: Greece has become the first majority Orthodox Christian country to

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Speaker 1: legalize same sex marriage. The landmark legislation was approved on Thursday,

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Speaker 1: introducing same sex civil marriage and establishing equal parental rights.

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Speaker 1: Spporters gathered in central Athens as the vote was announced,

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Speaker 1: all people cheering there in the streets of Athens as

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Speaker 1: the news was shared. Whilst the vote received support from

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Speaker 1: four opposition parties, the influential Church of Greece strongly opposed

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Speaker 1: the legislation. Now, in a moment, we're going to get

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Speaker 1: more details on Apple's move into a I plus the

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Speaker 1: vote to legalize same sex marriage in Greece. Use something

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Speaker 1: lighter for a Friday, A bit of fashion for you.

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Speaker 2: I certainly learned something from reading this latest piece by

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Speaker 2: our bombercominion columnist Andrea Felsted. The headline itself as a

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Speaker 2: work of genius, how mob wife killed coastal Grandma, But

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Speaker 2: it's about how big fashion brands are scrambling to keep

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Speaker 2: up with the latest fashion trends on TikTok and I

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Speaker 2: have to say those next stremely helpful table that defines

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Speaker 2: what all of these terms actually mean. So Kroly, you

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Speaker 2: know this obviously because you are our residencety like on

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Speaker 2: but mob Wife is described as fur coat, gold, jewelry

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Speaker 2: and leather. Coastal Grandma is linen, raffia bags and sandals.

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Speaker 2: My favorite Tomato Girl, which is fruit prints, red orange

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Speaker 2: and esper drills.

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Speaker 1: I love it. I absolutely love this guide. It is

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Speaker 1: really Yes, I'm definitely aspirational mob Wife of a Weekend,

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Speaker 1: but I think that Andrea has you know, also put

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Speaker 1: it really brilliantly, which is the difficulty of fashion brands

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Speaker 1: to keep up with the pace of all of this

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Speaker 1: and the fact that some of these fashion trends exist

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Speaker 1: all at the same time. Sometimes they clash, and it's

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Speaker 1: the fact that they're also speeding up because TikTok is

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Speaker 1: delivering them so quickly. So she's also handily given us

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Speaker 1: a few fashion sort of trend setters to follow on

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Speaker 1: TikTok in order for these brands to perhaps try to

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Speaker 1: be up to date and deliver the sort of pieces

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Speaker 1: that people want.

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Speaker 2: I mean, look, it's a piece that brings together fashion trends,

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Speaker 2: supply chains, and also pointing out that perhaps Beyonce and

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Speaker 2: large arrays country albums could mean this. Yeah, Country Cowgirl

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Speaker 2: is the next look that starts Fromandre Felstad.

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Speaker 1: Well, let's get more details now on apples race to

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Speaker 1: develop artificial intelligence tools and the news that it's close

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Speaker 1: to completing one for app developers. Our chief correspondent Mark

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Speaker 1: German broke this story and he joins us Now, Mark,

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Speaker 1: very good morning to you. What exactly does this tool do? Then?

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Speaker 4: Thank you so much for having me. So. The tool

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Speaker 4: that Apple is developing is part of the next major

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Speaker 4: version of xcode, that's apple S flagship programming software for

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Speaker 4: developers within Apple to create the software that Apple releases,

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Speaker 4: but more importantly, for developers outside of Apple to create

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Speaker 4: the softwer that runs on the company's platforms. Now, this

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Speaker 4: feature will use artificial intelligence generative aidit be more specific

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Speaker 4: and large language models for write code for developers on

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Speaker 4: their behalf. This would speed up the time it takes

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Speaker 4: for developers to write applications in addition to test applications,

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Speaker 4: likely saving developers' money, but also speeding up the process

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Speaker 4: getting new types of apps onto the app store more quickly.

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Speaker 4: So this is really significant and a really core thing

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Speaker 4: for Apple to need to make in order to make

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Speaker 4: its broad pustions of generative AI.

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Speaker 2: Does this push Apple mark into the AI big leagues

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Speaker 2: to compete with the likes of Microsoft in this area.

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Speaker 9: A good question.

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Speaker 4: This alone does not push Apple into the big leagues

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Speaker 4: per se. What it does do is it's just the

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Speaker 4: foundation to help Apple eventually get there. Now, in addition

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Speaker 4: to this x code upgrade, you're going to see a

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Speaker 4: lot of AI features come to the next iPhone and

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Speaker 4: the iPad and the Mac, the Apple Watch, the Vision Pro,

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Speaker 4: you name it. Over the next few years. We're talking

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Speaker 4: about playlist creation in Apple Music on the user's behalf.

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Speaker 4: You're talking about the for text input, for photo and

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Speaker 4: video editing. We're talking about summaryas in the Safari web

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Speaker 4: browser for an article. So at some point you're going

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Speaker 4: to see artificial intelligence across Apple's platforms. Now, the one

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Speaker 4: thing I will caution is that Apple's taking a bit

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Speaker 4: of a slowgo approach here, as they typically do. It's

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Speaker 4: going to be a while before you see a proliferation

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Speaker 4: of the I features. This is going to be something

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Speaker 4: gradual released over a number of years.

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Speaker 1: On cold Okay, interesting, So then do you think an

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Speaker 1: Apple GPT, which is something that you reported about last year,

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Speaker 1: is actually on the way anytime soon?

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Speaker 4: So the Apple GPT is something that Apple developed for

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Speaker 4: use internally. Right, this is not a chatbot that Apple

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Speaker 4: would release publicly. This is something to prove the concept

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Speaker 4: and to prove how well as large language models work internally.

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Speaker 4: So this is not something that I would anticipate Apple

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Speaker 4: to release publicly, at least in the short term. And

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Speaker 4: that's because they try to apply the underlying technology to

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Speaker 4: core features and they don't necessarily see, you know, a

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Speaker 4: chatbot as a feature to them, it's more of a

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Speaker 4: cool gimmick. But there are use cases for chatbots that

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Speaker 4: could be used in a non chapbot like interface. For example,

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Speaker 4: if you ask chen gpt to write you an email

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Speaker 4: to someone, right, that's something that maybe they can integrate

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Speaker 4: specifically email that in their email app on the iPhone.

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Speaker 2: Mark This is a company that you know very well.

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Speaker 2: Can you put in context? First, where Apple is placing

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Speaker 2: AI in terms of internal priorities. Is it on a

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Speaker 2: scale of developing new products?

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Speaker 4: AI for Apple is their top priority for twenty twenty four,

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Speaker 4: Everything is going into artificial intelligence. In terms of their

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Speaker 4: software engineering plans. They're planning one of the most ambitious

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Speaker 4: updates to date for their iOS eighteen update that's going

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Speaker 4: to be an in June and this is certainly going

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Speaker 4: to be a very very big part of that upgrade,

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Speaker 4: and so it's paramount for Apple's development process for this year.

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Speaker 1: Okay, Mark, thank you so much for being with us

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Speaker 1: and something that we need to keep any Apple's and

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Speaker 1: new AI tools. Our chief correspondent Mark German.

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Speaker 2: At Greece's parliament has voted to extend equal marriage and

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Speaker 2: automatic parental rights to all citizens, becoming the first majority

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Speaker 2: Christian Orthodox country to do so. The law had been

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Speaker 2: promised by Prime Minister Kiakos mitz Attackus after his election

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Speaker 2: last year, but he needed the support of center left

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Speaker 2: and Left US opposition parties to pass it. Stavros Gavriliadis

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Speaker 2: has been with his partner for twenty years. They've three

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Speaker 2: children together and plan to get married now. He's been

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Speaker 2: telling Bloomberg about what this means to him.

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Speaker 10: For many families and especially mine, this law really solves

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Speaker 10: all our problems honor, freedom, equality, love and our dignity

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Speaker 10: and ensures the rights of our children.

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Speaker 2: That stars that really had us speaking to our deputy

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Speaker 2: Athenspiry Chief Paul Togwell, and Paul joins us now for more.

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Speaker 2: Good morning, Paul, how significant a change is this in Greece.

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Speaker 11: Good morning. It is a big change for Greece. The

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Speaker 11: country still can be described as being socially conservative, and

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Speaker 11: as you mentioned, it is the world's now first orthodox

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Speaker 11: Christian country to do this. Also, no one expected that

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Speaker 11: such legislation would be introduced by a center right government.

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Speaker 11: Curious miss obviously had pledged to do this when he

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Speaker 11: was re elected last year, but still there were skeptics

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Speaker 11: that thought he would have a hard time introducing this

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Speaker 11: legislation to parliament, but he plowed ahead. So we can't

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Speaker 11: underestimate how much of a milestone it is for Greece.

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Speaker 1: How much your position was there then to the law.

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Speaker 11: There was opposition in parliament, as you would expect from

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Speaker 11: more far right wing parties, but there was also opposition

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Speaker 11: from within mitz Tax's on center right New Democracy Party,

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Speaker 11: including from ministers in his cabinet some of them, and

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Speaker 11: from former Prime Minister and Doonia Samaras, who gave a

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Speaker 11: very anti speech yesterday in Parliament. And because of that

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Speaker 11: Mitsattachis had to rely on the support of some opposition parties. Obviously,

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Speaker 11: there was face opposition by the country's influential church. Obviously

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Speaker 11: regards to sexuality as a sin, but said that the

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Speaker 11: new legislation basically represents an attack on the traditional Greek

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Speaker 11: family and that it was its obligation to highlight that.

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Speaker 11: Of course, a reply from the government was this legislation

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Speaker 11: only concerned civil marriages. It's an issue for the state,

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Speaker 11: even though it respects the church's views. It's not for

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Speaker 11: the church to interfere in terms of civil marriages that

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Speaker 11: are allowed by the states.

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Speaker 2: Paul further than just marriage, which is somewhat interesting considering

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Speaker 2: that when we've seen this happen in other countries, it

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Speaker 2: often doesn't extend into things like parental rights. Can you

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Speaker 2: talk us through the details of what this law exactly

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Speaker 2: will change.

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Speaker 11: Yes, the government makes no secret in the fact that

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Speaker 11: it wanted to concentrate on what White's marriage gives as

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Speaker 11: opposed to marriage itself. Recent opinion polls so that there

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Speaker 11: was general support small majority for same sex marriage, but

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Speaker 11: less support for the ability to adopt. And the new

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Speaker 11: DA legislation will allow same sex couples to adopt. Why

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Speaker 11: is that important. It doesn't mean just that a same

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Speaker 11: sex couple that has no children can adopt. It means

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Speaker 11: that same sex couples who already have children will be

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Speaker 11: able to adopt the children of the other parent. For example,

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Speaker 11: a male same sex couple where one is the biological

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Speaker 11: father of one parent and the other is the biological

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Speaker 11: of one child and one the others biological parent or

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Speaker 11: another child, they will be able to adopt the child

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Speaker 11: of the other. Why is that important because current in Greece,

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Speaker 11: in these couples, if you are not the biological parent,

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Speaker 11: you can't do so simple things like pick up the

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Speaker 11: child of your partner from school without special permission. You

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Speaker 11: can't have input into decisions on the well being or

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Speaker 11: anything health related to the child. So in the law

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Speaker 11: very much, as Mitsutaki said in parliament, yes, they solve everyday,

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Speaker 11: daily problems. Pauli.

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Speaker 2: You've also been speaking to where the campaigners who thought

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Speaker 2: for this, Gregorius Valiniatas, and he says there's more work

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Speaker 2: to be done. Let's take a lesson.

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Speaker 12: Moving forward. Sex education should be introduced in a serious

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Speaker 12: way in schools from the primary level, in a way

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Speaker 12: that each child understands growing up. There are many challenges.

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Speaker 12: The distortions in information are great and schools should honestly

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Speaker 12: and boldly inform people about the enormous diversity that love

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Speaker 12: has today.

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Speaker 2: So that's the campaigner Gregorius Vaniniatos there speaking to you, Paul.

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Speaker 2: This is a big change in Greece, but it's also

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Speaker 2: a change in the region. You mentioned also that it's

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Speaker 2: the first majority question Orthodox country to legalize same sex marriage.

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Speaker 2: What are the hopes for marriage equality in some of

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Speaker 2: Greece's neighbors.

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Speaker 11: I think currently the hope that I'm very high. If

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Speaker 11: you look at Greece's neighbors who are members of the

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Speaker 11: European Union, only Cyprus has some form of recognition same

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Speaker 11: sex marriages and former civil unions. To the north Bulgaria,

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Speaker 11: its constitution states marriage has between has to be between

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Speaker 11: a man and a woman. So in order to introduce

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Speaker 11: same sex some marriage, you'd have to change the constitution

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Speaker 11: and currently there isn't the support political support to do that.

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Speaker 11: In Romania, the Prime Minister has repeatedly said that while

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Speaker 11: in theory he's not against such legislation, he doesn't think

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Speaker 11: that Romanian society is currently ready. Then outside of the EU,

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Speaker 11: but still within the region, we have Serbia where the

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Speaker 11: president there which it has said that you would never

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Speaker 11: sign off any legislation to introduce same sex marriage, even though,

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Speaker 11: of course the country's Prime Minister is in the same

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Speaker 11: sex relationship and has a sum So for the immediate future,

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Speaker 11: Greece is very, very strikingly on its own in this

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Speaker 11: corner of Southeast Europe in terms of having same sex marriage.

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Speaker 11: Of course, the majority of countries have done this in

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Speaker 11: Europe are in the northern and western part of the content,

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Speaker 11: so Greece really stands out as being on its own

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Speaker 11: in terms of this legislation.

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