Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 2: stories we're following today.
Speaker 1: We begin with the global economy and interest rates. The
Speaker 1: Federal Reserve makes a policy decision this afternoon, and while
Speaker 1: the Central Bank is not expected to make any move,
Speaker 1: there is much anticipation to the message Jay Powell will deliver.
Speaker 1: We get more from Bloomberg's Michael McKee.
Speaker 3: Once again, it's a question of what they say rather
Speaker 3: than what they do. Markets have priced out any chance
Speaker 3: of a rate increase from the Fed. Instead, investors will
Speaker 3: focus on clues to what the Central Bank's plans are
Speaker 3: going forward. Will they keep their June forecast of at
Speaker 3: least one more rate hike before the end of twenty
Speaker 3: twenty three, and what will their revised economic forecasts say
Speaker 3: about the chances of rate cuts in twenty twenty four.
Speaker 3: We'll also get officials updated outlooks for employment, growth and inflation.
Speaker 3: Expect Chairman j Powell to emphasize uncertainty in his post
Speaker 3: decision news conference as the economy faces headwinds including rising
Speaker 3: oil price is, a government shutdown, and the auto workers strike.
Speaker 3: Michael McKee, Bloomberg Radio.
Speaker 1: All Right, Mike thanks to stay with Bloomberg for full coverage,
Speaker 1: including the Bloomberg Surveillance special. The Fed decides later this afternoon.
Speaker 2: Well, Nathan, as we wait for that Fed decision, we
Speaker 2: got a surprise you can Numberg report that could impact
Speaker 2: tomorrow's Bank of England decision, and we go to London
Speaker 2: and get the latest with Bloomberg's You and Potts.
Speaker 1: You and good morning, Good morning, Karen, Nathan.
Speaker 4: Britain's inflation rate has unexpectedly dropped to the lowest level
Speaker 4: in eighteen months. CPI in the year to August came
Speaker 4: in at six point seven percent. Economists not the first
Speaker 4: time they've been wrong. We're expecting the reading to tick
Speaker 4: up to seven percent. And good news on the UK's
Speaker 4: core inflation rate, which fell sharply from six point nine
Speaker 4: to six point two percent. Investors have reined in bets
Speaker 4: for further tightening from the Bank of England, though a
Speaker 4: quarter point hike is still the consensus. We'll find out
Speaker 4: tomorrow in London. I'm you in Pot's Bloomberg Daybreak.
Speaker 1: All right, ew and thank you all. This morning, we're
Speaker 1: seeing more calls for oil to reach one hundred dollars
Speaker 1: a barrel Goldman Sacks is raising its forecast for crude
Speaker 1: back to triple digits as demand booms and OPEC plus
Speaker 1: supply curves tight in the market, with prices rising more
Speaker 1: than thirty percent since mid June. Goldman pushed up its
Speaker 1: twelve month forecast for Brent to one hundred dollars from
Speaker 1: ninety three and checking Brent right now, it's at ninety
Speaker 1: three zho two a barrel. That's down one point four percent.
Speaker 1: Nine X Crud's down one point four percent as well,
Speaker 1: at eighty nine dollars ninety cents.
Speaker 2: Well. Another call this morning, Nathan, this one on the
Speaker 2: Equity Markets Bank of America. Savita Supermanian is boosting her
Speaker 2: target for the S and P five hundred after this
Speaker 2: year's rally left many forecasts in the dust. The strategist
Speaker 2: now expects the benchmark to end the year at four thousand,
Speaker 2: six hundred, about a three and a half percent gain
Speaker 2: from current levels. Her previous SMP target was forty three hundred.
Speaker 1: Sticking with Markets, Karen, After starting trade yesterday in Stackhart
Speaker 1: shares are down as much as five percent in the
Speaker 1: pre market. The drop follows yesterday's volatile action for the
Speaker 1: online grocery delivery firm. The stock initially surged forty three percent,
Speaker 1: but ended the day with a gain of twelve percent.
Speaker 1: We get more from Bloomberg's Katie Roof.
Speaker 5: It's quite better than what they were initially hoping several
Speaker 5: days ago, but definitely it's lower than the valuation they
Speaker 5: had in twenty twenty one, a lot lower than that,
Speaker 5: but around the thirteen billion where they were valued last year.
Speaker 1: And Bloomberg's Katie Riff says instacarts listing, combined with arms IPO,
Speaker 1: is giving equity capital markets much needed relief after the
Speaker 1: longest drought since two thousand and nine.
Speaker 2: Now to the latest on the auto strike, which enters
Speaker 2: it's six day naighthan, the UAW says it will step
Speaker 2: up pressure by the end of the week if negotiations
Speaker 2: don't progress. Bloomberg's Ed Baxter has the story.
Speaker 6: UAW President Sean Fain has set a Friday noon deadline
Speaker 6: for good negotiations or an escalation in the strike.
Speaker 7: If we don't make serious progress by noon on Friday,
Speaker 7: September twenty second, more locals will be called on to
Speaker 7: stand up and join the strike.
Speaker 6: Representatives from gm Ford and stillattis say bargaining has continued
Speaker 6: in good faith. Ad Baxter Bloomberg Radio thanks Ed, We've
Speaker 6: got some labor resolution. North of the border, workers at
Speaker 6: Ford's Canada unit have avoided a strike. UNIFOR the Canadian
Speaker 6: Autoworkers Unions reached a three year national labor contract in Canada.
Speaker 1: Rather than negotiating with all three major automakers at once,
Speaker 1: UNIFORM selected Ford as the target for bargaining well Nathan.
Speaker 2: President Biden will be focused on improved labor conditions as
Speaker 2: the UN General Assembly continues. He'll meet with Brazil's President
Speaker 2: Luis and Nacio Lula de Silva and announce a partnership
Speaker 2: to how workers move into the gig economy and clean energy.
Speaker 2: The President will also be looking for brazil support for
Speaker 2: Ukraine and its war against Russia. That was the focus
Speaker 2: of his annual address to the gathering.
Speaker 8: If we abandoned the core principles of the United States
Speaker 8: to a peas and aggressor, can any member stayed in
Speaker 8: this body feel confident that they're protecting.
Speaker 2: And Ukrainian President Vladimir Zelanski made his own appeal. He
Speaker 2: says Russia is turning everything for food, to energy and
Speaker 2: children into weapons.
Speaker 9: Those children in ra Ah tools to hate Ukraine and
Speaker 9: old ties with their families are broken, and this is
Speaker 9: clearly a genocide.
Speaker 2: And even with these new calls for support, the US
Speaker 2: and G seven allies now say they're preparing for the
Speaker 2: war to last for years to come.
Speaker 1: Meanwhile, Karen Treasury Secretary Janet Yellen's continuing her call for
Speaker 1: financial institutions to make voluntary net zero carbon commitments.
Speaker 10: Our goal is to affirm the importance of credible net
Speaker 10: zero commitments and to encourage financial institutions that make them
Speaker 10: to take consistent approaches to implementation.
Speaker 1: Secretary Yellen spoke at the Transition Finance Action Forum in
Speaker 1: New York hosted by Bloomberg. Man It's down time to
Speaker 1: take a look at some of the other stories making
Speaker 1: news in New York and around the world with Bloomberg's
Speaker 1: John Tucker.
Speaker 11: Good Morning John, and Nathan.
Speaker 12: The operators of a Bronx daycare center now facing federal
Speaker 12: drug charges. It comes after one child died three others
Speaker 12: were poisoned from exposure to fentanol. Friday, the federal prosecutors
Speaker 12: took over the case against Gray Mendez and Carslito Brito,
Speaker 12: who are religedly operating a drug distribution business. Prosecutors say
Speaker 12: a kilogram brick of fentanyl would start on top of
Speaker 12: children's playmats. That's enough fentanol to kill half a million people.
Speaker 12: According to a draft securities filing, American Dream That Mega
Speaker 12: Mall in New Jersey's Meadowlands has seen its losses increase
Speaker 12: fourfold in one year. More in this report from Bloomberg's
Speaker 12: Charlie Pellett.
Speaker 11: The three and a half million square foot shopping and
Speaker 11: entertainment complex, home to an indoor ski slope, amusement park
Speaker 11: and water park, lost about two hundred and forty five
Speaker 11: million dollars in twenty twenty two, as expenses almost doubled
Speaker 11: to four hundred and twenty eight million dollars. This is
Speaker 11: according to a three page document posted to the Municipal
Speaker 11: Securities Rulemaking Boards EMMA website in New York. Charlie Pellett
Speaker 11: Bloomberg Radio New.
Speaker 12: Yorker's spending habits are cooling and the New York State
Speaker 12: Control Or Thomas Didapoli is warning towns and cities to
Speaker 12: adjust their budgets. He also says paying to house migrants
Speaker 12: coming into New York is unsustainable.
Speaker 13: You know the City's estimating some twelve billion dollars in
Speaker 13: terms of the next couple of years of cost. The
Speaker 13: state financial plan has about one and a half billion
Speaker 13: in it for migrants. The governor has indicated some more
Speaker 13: money will be put aside for that, but I don't
Speaker 13: see how the state or the city could get through
Speaker 13: this without additional federal support so far has not been forthcoming.
Speaker 12: DiNapoli was interviewed on Bloomberg Business Week. Prince William managed
Speaker 12: to go jogging in Central Park yesterday without paparazzi or
Speaker 12: anybody else noticing.
Speaker 14: I decided to join the holds of New Yorker's during
Speaker 14: that morning routine as they went Rassiter Park. It was
Speaker 14: wonderful waking up in New York on a Sunday morning
Speaker 14: run the rain we had yesterday and it was it's
Speaker 14: beautiful getting some fresh air this morning.
Speaker 12: He went out for a run before announcing the fifteen
Speaker 12: finalists for the twenty twenty three Earth Shot Prize, a
Speaker 12: competition he created three years ago to find the most
Speaker 12: innovative solutions to global environmental challenges, and health experts with
Speaker 12: the Centers for Disease Control and Prevention predicting what they
Speaker 12: call a repeat of a triple demic this fall and
Speaker 12: winter with COVID nineteen RSV and influenza. The CDC earsing
Speaker 12: people to get flu vaccinations and their COVID nineteen booster
Speaker 12: before winter. Global News twenty four hours a day, power
Speaker 12: by more than twenty seven hundred journalist and analysts in
Speaker 12: more than one hundred and twenty countries. I'm John Tucker.
Speaker 12: This is Bloomberg, Nathan.
Speaker 1: All right, John, Thanks Now, get the latest news whenever
Speaker 1: you want it with Bloomberg News Now the top stories
Speaker 1: from our global team of reporters at the click of
Speaker 1: a button. Get Bloomberg News Now on the Bloomberg Business app,
Speaker 1: Bloomberg dot com, and anywhere you get your podcasts. Time
Speaker 1: now for the Bloomberg Sports Update. Here's John Stshower.
Speaker 15: All right, Nathan. The Yankees are certainly hoping they don't
Speaker 15: finish this disappointing feason with a sub five hundred record
Speaker 15: that hasn't happened since nineteen nine. The record dropped to
Speaker 15: seventy six and seventy five a seven to one loss
Speaker 15: to Toronto at the Stadium. George Springer had a lead
Speaker 15: off home run for the fifty seventh time in his career,
Speaker 15: get it on his thirty fourth birthday. Yanks All had
Speaker 15: a lot to say about whether the Blue Jays make
Speaker 15: it in as a wildcard. Still have five games remaining
Speaker 15: with the Jays who are in a battle very tight
Speaker 15: now with three Al West teams Houston, Seattle, and Texas,
Speaker 15: those three separated by only a half game, and the
Speaker 15: teams that don't win the division in it with the
Speaker 15: Jays for a wildcard. Miami Marlins won of four teams
Speaker 15: buying for two NL wildcards. The Marlin scored five of
Speaker 15: the nine they get the Mets.
Speaker 1: Sport at three.
Speaker 15: The Liberty moving on to the WNBA playoffs. They beat
Speaker 15: Washington ninety to eighty five in overtime to win the
Speaker 15: series two nothing. Brianna Stewart knows the Liberty had not
Speaker 15: won a playoff series in twenty fifteen.
Speaker 1: It means a lot.
Speaker 2: I think that, you know, I don't know if we're
Speaker 2: thinking about getting this team back to somewhere where the
Speaker 2: Liberty hasn't been in eight years, but.
Speaker 3: You know, the first time.
Speaker 1: We've been able to do it as a group.
Speaker 2: And today there was highs and lows, and we knew
Speaker 2: it was going to be emotional.
Speaker 15: Under the semi finals against either Connecticut or Minnesota. The
Speaker 15: word on Saquon Barkley was that he was going to
Speaker 15: be out three weeks with the injured ankle, A coach
Speaker 15: Brian dave All talking about him being out only three days.
Speaker 15: Dave Ball not ruling Barkley out for Tomorrow's game at
Speaker 15: San Francisco SAT.
Speaker 1: Barkley's a quick viewer.
Speaker 15: Buddy Stevens has died at sixty six from injuries suffering
Speaker 15: a bicycle accident. Coach Dartmouth the five IVY League titles
Speaker 15: Jus Stashally.
Speaker 1: We're Bloomberg Sports.
Speaker 7: From coast to coast, from New York to San Francisco,
Speaker 7: Boston to Washington, DC, nationwide on Syrias Exam the Bloomberg
Speaker 7: Business Appen Bloomberg dot Com.
Speaker 1: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager on
Speaker 1: decision day for the Federal Reserve. Two pm. Wall Street
Speaker 1: Time is when Jpwell and Company will announce their plans
Speaker 1: for interstrates this month and send the signal to markets
Speaker 1: for where policy could be headed into November and beyond.
Speaker 1: So let's get you set for what's to come from
Speaker 1: the Central Bank. Bloomberg's pretty Gupta is here with me now,
Speaker 1: and this decision really could be a lot more about
Speaker 1: what's to come than any move the FED makes today,
Speaker 1: because we're rarely not expecting a move, are.
Speaker 16: We We're not expecting a move And I'm I believe,
Speaker 16: just to emphasize how much of a consensus take this
Speaker 16: is five and a half percent of economists estimated by
Speaker 16: Bloomberg think that the Fed is going to actually.
Speaker 1: Raise or move rates at all, which tells kind of
Speaker 1: where the rate is, right, Yeah, five and a half percent,
Speaker 1: I know the irony rate.
Speaker 17: So essentially, in other words, ninety four and a half
Speaker 17: percent of Bloomberg economists or surveyed at least by Bloomberg,
Speaker 17: are saying that the Fed is not going to do anything.
Speaker 17: But Nathan, that's I think the crux of it here
Speaker 17: is that they're kind of setting this tone for the
Speaker 17: rest of the world, which is that we're going to
Speaker 17: have faith that the rest of the effect on the
Speaker 17: economy is going to slowly come. The idea here that
Speaker 17: these lags that I think a lot of people had
Speaker 17: maybe shrugged off early on because inflation wasn't decelerating as
Speaker 17: fast as perhaps people wanted it to. That is no
Speaker 17: longer the narrative at play now. It's simply that we
Speaker 17: just wait for the lags to take effect. And I
Speaker 17: think that's one of the reasons that you're seeing the
Speaker 17: Federal Reserve kind of perhaps indicate, at least from the
Speaker 17: comments that we've gotten out of the FMC members, that
Speaker 17: they're going to be taking them a little bit more
Speaker 17: of a hands off approach on this. But Nathan, all
Speaker 17: of that could change based on what Jay Powell says
Speaker 17: around wages and around oil, because of course we know
Speaker 17: that the strikes across the country and arguably across the
Speaker 17: world as well, have captured a lot of attention, specifically
Speaker 17: with the United autoworkers, where auto wages are significantly below
Speaker 17: manufacturing wages broadly. But at the same time, you're seeing
Speaker 17: much higher oil prices around the world, which is going
Speaker 17: to have real effects on the American consumer as we
Speaker 17: talk about gas prices, especially going into the election next year.
Speaker 1: Yeah, and you have to wonder how much this surge
Speaker 1: in oil prices we've seen in recent days. Obviously we're
Speaker 1: getting a bit of relief this morning on this session,
Speaker 1: but this idea that we could be getting to one
Speaker 1: hundred dollars a barrel in the not too distant future.
Speaker 1: What's that's going to mean for the lag effects that
Speaker 1: the FED wants to see from policy.
Speaker 17: Yeah, well, I'm old enough to remember when oil went negative,
Speaker 17: and I'm also oiled enough to remember when oil went
Speaker 17: to one hundred and forty three dollars a barrel. And
Speaker 17: let me tell you, those round numbers one hundred and one, twenty,
Speaker 17: even ninety make traders and people, by the way, everyday
Speaker 17: consumers very very nervous.
Speaker 4: To your point.
Speaker 17: Goldman Sachs actually came out this morning and said that
Speaker 17: their twelve month ahead price forecast was.
Speaker 1: One hundred dollars a barrel.
Speaker 17: We're at about ninety three right now, which tells you
Speaker 17: this is a pretty significant call that in about twelve
Speaker 17: months time, in a year's time, when a lot of
Speaker 17: people are expecting inflation to come down much more significantly,
Speaker 17: prices are still going to be one hundred dollars a barrel.
Speaker 17: That's the price that people are saying, and this kind
Speaker 17: of speaks to the stickiness of the inflation that a
Speaker 17: lot of people are worried about. I think what's scary
Speaker 17: for me is that the inflation. What's driving it is
Speaker 17: coming more from commodities again, which is going to have
Speaker 17: real effects into how much your grocery build costs, how
Speaker 17: much your gas bill costs, even heating and electricity.
Speaker 1: You have to think the decision that's coming tomorrow from
Speaker 1: the Bank of England is going to get a lot
Speaker 1: more interesting now that we've seen this surprise drop in inflation.
Speaker 1: Who would have thought that we'd be considering the idea
Speaker 1: of a rate pause from the Bank of England.
Speaker 14: I know.
Speaker 17: I mean, Andrew Bailey was supposed to be this kind
Speaker 17: of renegade, almost essentially, this kind of lone wolf in
Speaker 17: the sea of central bank doves, and he has turned
Speaker 17: out to kind of maybe lean towards what Chair Powell
Speaker 17: and President Legard are saying as well, which is simply
Speaker 17: that the Bank of England has gone very very hard
Speaker 17: on inflation. What is the lag there? And do we
Speaker 17: now just wait for the lags to catch up with
Speaker 17: the broader economy while we sit on the sidelines and
Speaker 17: reassess And that is something nobody really expected the Bank
Speaker 17: of England to say. What I will say, though, is
Speaker 17: that it's a little bit different because even though they
Speaker 17: might hike tomorrow, which I guess is the consensus call,
Speaker 17: but then that could be its last. They are, or
Speaker 17: at least there is a narrative that they will increase
Speaker 17: their quantitative tightening policy and essentially sell bonds on the
Speaker 17: open market, which could create some disruption.
Speaker 1: There just about a minute left, Critty, We're in day
Speaker 1: six of the United Auto Workers strike. Does this thing
Speaker 1: look like it's expanding.
Speaker 17: It's not expanding yet, but it's not shrinking either. In fact,
Speaker 17: you are seeing a little bit of progress made to
Speaker 17: the north in Canada, where their union will be able
Speaker 17: to make a negotiation with Ford. But again, they do
Speaker 17: say Canadians are nicer than Americans anyway, so maybe that
Speaker 17: has something to do with it.
Speaker 1: Okay, we'll leave it there for now, Kritty Gupta. Bloomberg
Speaker 1: News part of our coverage of the FED decides this
Speaker 1: afternoon two pm Wall Street Time, waiting for the decision
Speaker 1: from Chairman Powell and the Federal Open Market Committee. Powe
Speaker 1: will address the media, of course, at two point thirty
Speaker 1: half hour after the decision. We will have full coverage
Speaker 1: for you on a special edition of Bloomberg Surveillance. The
Speaker 1: FED decides, beginning at one thirty pm. Wall Street Time
Speaker 1: full coverage of Decision Day and all the central banks
Speaker 1: right here on Bloomberg Radio. Now we want to bring
Speaker 1: you to New York and the sidelines of the United
Speaker 1: Nations General Assembly, where we heard from the Mayor of London,
Speaker 1: Sudi Khan. He says UK Prime Minister Rishi Sunak is
Speaker 1: week for pulling back on green policies rather than looking
Speaker 1: for opportunity in the climate crisis. Bloomberg's Francis Laquais sat
Speaker 1: down with the Mayor of London.
Speaker 18: Well, what's happening is some people are trying to weaponize
Speaker 18: climate change, weaponize air pollution. And here's the perversity of
Speaker 18: what Prime Minutes of Sunac is doing. We've seen in
Speaker 18: the UK in September, in London in September, for the
Speaker 18: first time ever, four consecutive days of temperatures north of
Speaker 18: thirty degrees celsius. We saw la year in London, temperatures
Speaker 18: north of forty degrees celsius. Wildfires in London. We've seen
Speaker 18: across Europe and the global North in America, wildfires, droughts,
Speaker 18: heat waves. The response of government should be actually to
Speaker 18: turn this awful crisis into an opportunity, creating green jobs,
Speaker 18: a green new deal, thinking about how we can both
Speaker 18: save the planet, address climate change, but also give people
Speaker 18: security and.
Speaker 17: Have that just transition.
Speaker 18: And this is basically, you know, lazy politics from a
Speaker 18: weak prime minister throwing red meat to his backbenches because
Speaker 18: he's so weak and ineffectual.
Speaker 6: Do you think you.
Speaker 19: Could have been better supported by ker starmarch with you.
Speaker 18: Guys, Well, I recognize that we've got to make sure
Speaker 18: we take people with us. I recognize that addressed people's concerns,
Speaker 18: but concerns. But from Kirstarmer and the Labor Party, what
Speaker 18: I would hope to see him we are seeing is
Speaker 18: plans to address the time. You've got an announcement from
Speaker 18: the Shot of Finance Secretary Rachel Reese saying, you know what,
Speaker 18: in the first term of a Labor government will be
Speaker 18: invested into the tune of twenty eight billion pounds a year,
Speaker 18: which is a wall terms, akin to lot more than
Speaker 18: President Biden's Inflation Reduction Act.
Speaker 19: But Mayor, is it fair to say that you could
Speaker 19: have gotten more support by Drestarma on U les and
Speaker 19: also in the by elections, and you haven't because it's
Speaker 19: now a political hot potato.
Speaker 18: Well, what happened was the by election in Oxbridge and
Speaker 18: Rice that took place a few weeks before the units
Speaker 18: was expanded. People had judguine concerns which we were addressing
Speaker 18: at the same time people were playing on that as well.
Speaker 18: As said Kier and I are are of close friends.
Speaker 18: We've over more than twenty five years. The only thing
Speaker 18: we disagree about is I support a great soccer team,
Speaker 18: great football team Liverpool. He sports a rubbish roun arsenal
Speaker 18: okay pick.
Speaker 19: But apart from football, what kind of advice would you
Speaker 19: give him to win the general election?
Speaker 18: No, I don't give care advice. You know what I
Speaker 18: do is au frenttic care. But also an example of
Speaker 18: what a labor politician winning the difference we can make
Speaker 18: being pro business, supporting businesses to flourish and thrive, being
Speaker 18: pro enterprise, being pro fighting a climate agency, being pro
Speaker 18: clean building, recognumns affordable homes, making sure we invest in
Speaker 18: public transfer and young people. And what O want people
Speaker 18: to see across the country is that that's the difference
Speaker 18: labor winning can make. Compare to contrast to a conservative
Speaker 18: government where there's been economic mismanagement. List trust is all
Speaker 18: from many budget last year, but also a week at
Speaker 18: in effectual Conservative leader.
Speaker 19: What can Labor now do to be closer to businesses?
Speaker 19: There has been a campaign to actually get them on board.
Speaker 19: I think the latest polls show that they be pretty
Speaker 19: happy with the Labor government.
Speaker 20: What would you do more?
Speaker 18: Well, there's two The two things that people want to
Speaker 18: see from good leaders. One is addressing social injustices, but
Speaker 18: also economic competence, supporting businesses, being proud to support businesses,
Speaker 18: being pro businesses, to be pro business. One of the things
Speaker 18: that we've got to have the humility is polities to
Speaker 18: do accept is you know, we don't create the jobs
Speaker 18: the wealth of prospiracy after we think we do, but
Speaker 18: we don't. We can create the environment where businesses flourish
Speaker 18: and thrive, and work with businesses to be pro well
Speaker 18: paid jobs, to work with businesses to make sure they
Speaker 18: invest in young people, to work with businesses to train
Speaker 18: up people to have the skills for the jobs being created.
Speaker 18: My nervousness about the Layer Party is our reputation in
Speaker 18: the recent past has been with anti growth or anti prosperity.
Speaker 18: What Casarma Rachel reeves their teams have done is to
Speaker 18: reassure businesses by listening to.
Speaker 1: Them that we are pro business.
Speaker 18: We're back at business As a result.
Speaker 19: Mayor Sure, should London have gone the rm IPO and
Speaker 19: was it a kick.
Speaker 18: In the teeth not to have done so? I'm sorry
Speaker 18: hey the r IPO. Well listen. But the great thing
Speaker 18: about you know, London is our in the line strengths
Speaker 18: is still there. We you know, even post Brexit, we
Speaker 18: are still a city that has got all the things
Speaker 18: that businesses need to invest in London, to expand in London,
Speaker 18: and to run in London.
Speaker 20: This is Bloomberg Daybreak Today, your morning brief on the
Speaker 20: stories making news from Wall Street to Washington and beyond.
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Speaker 1: I'm Nathan Hager and I'm Karen Moscow.
Speaker 2: Join us again tomorrow morning for all the news you
Speaker 2: need to start your day right here on Bloomberg day
Speaker 2: Break