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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the Blueberg Day BAQ podcast. Good morning, It's Wednesday,

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Speaker 2: the fourteenth of January. I'm Caroline Hepkeitt in London and.

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Speaker 1: I'm Stephen Carolyn Brussels. Coming up today, the US President

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Speaker 1: says action against Iran will depend on the death toll,

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Speaker 1: as activists say thousands have been killed.

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Speaker 2: JP Morgan CEO Jamie Darman is wrong to criticize the

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Speaker 2: investigation into fed chaired your own Powell, according to Trump.

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Speaker 1: Plus on thin Ice, why Sweden's once pioneering climate ambitions

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Speaker 1: are beginning to melt away.

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Speaker 2: Let's start with a roundup of our top stories.

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Speaker 1: US President Donald Trump has raised the prospect of military

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Speaker 1: strikes on Iran as activists say thousands of people have

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Speaker 1: been killed in the wave of protests in the country.

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Speaker 1: The Human Rights Activist News Agency estimates at least two

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Speaker 1: thousand people have died, while the Oslo based Around Human

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Speaker 1: Rights Group says the fire could be as high as

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Speaker 1: six thousand. They say a lack of internet access is

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Speaker 1: making independent verification extremely difficult. Speaking to reporters before boarding

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Speaker 1: Air Force One, Donald Trump said the death toll would

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Speaker 1: be a key factor in determining his response.

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Speaker 3: Aaran is on my mind. When I see the kind

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Speaker 3: of death that is happening over there. We think, so,

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Speaker 3: we're going to get some accurate numbers. About twenty minutes,

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Speaker 3: we'll get some accurate numbers. As so what's happening with

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Speaker 3: regard to the killing. The killing looks like it's significant,

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Speaker 3: but we don't know yet for certain. I'll know within

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Speaker 3: twenty minutes, and we'll act accordingly.

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Speaker 1: President trumpet earlier urged Iranians to continue their protests, writing

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Speaker 1: on social media that help is on its way. The

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Speaker 1: comments come days after a White House official said Trump

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Speaker 1: had been briefed on options for an attack, with the

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Speaker 1: American president yesterday, also encouraging US citizens and people from

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Speaker 1: allied countries to leave Iran.

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Speaker 2: Greenland's prime minister has ruled out the possibility of the

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Speaker 2: territory becoming part of the United States. At a joint

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Speaker 2: press conference with Danish Prime Minister Meta Fredericson in Copenhagen,

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Speaker 2: Jens Frederick Nielsen delivered a forceful response to President Trump's

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Speaker 2: repeated claims that the US must own Greenland. One thing

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Speaker 2: that everyone must understand. Greenland will not be owned by

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Speaker 2: the United States. Greenland will not be governed by the

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Speaker 2: United States. Greenland will not be part of the United States.

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Speaker 2: We choose the Greenland we know today and which is

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Speaker 2: part of the Kingdom of Denmark. Ask about those comments

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Speaker 2: by Greenland's Prime Minister, Jens Frederick Nielsen, the US President said,

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Speaker 2: I don't know who he is. I don't know anything

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Speaker 2: about him, but that's going to be a big problem

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Speaker 2: for him. The remarks come ahead of a high stakes

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Speaker 2: meeting in Washington later today between the Danish and Greenlandic

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Speaker 2: foreign ministers and the US section of Saint Marco Rubio

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Speaker 2: and Vice President JD. Vance.

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Speaker 1: The head of America's Lige Bank, has warned against undermining

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Speaker 1: the Federal Reserve, earning him a rebuke from Donald Trump.

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Speaker 1: JP Morgan Chase CEO Jamie Diamond says told reporters after

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Speaker 1: the bank's earnings that anything that chips away at the

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Speaker 1: Fed's independence is quote probably not a great idea. The

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Speaker 1: US President was asked about Diamond's comments.

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Speaker 3: Yeah, I think it's fine what I'm doing, and we

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Speaker 3: haven't a FED person. He was extended by Biden, and yeah,

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Speaker 3: I think he's wrong. I think he's wrong. He's done

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Speaker 3: a bad job. We should have lower rates. Jamie Diamond

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Speaker 3: probably won tire rich. Maybe it makes more money that way.

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Speaker 1: The Trump administration last week threatened criminal charges against the

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Speaker 1: FED and has sought to remove members of the Monetary

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Speaker 1: Policy Committee, including Lisa Cook. The comments come as silver

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Speaker 1: broke above ninety dollars announced for the first time and

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Speaker 1: gold flirted with another record high, as a tax on

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Speaker 1: the Federal Reserve and a tense geopolitical backdrop added impetus

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Speaker 1: to a rally in precious metals.

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Speaker 2: China's trade sit a new record last year, seemelyon phased

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Speaker 2: by the US trade war, The world's second largest economy

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Speaker 2: took in a net one point two trillion dollars from

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Speaker 2: trade in twenty twenty five. Data for last month showed

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Speaker 2: exports rising by six point six percent, more than double

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Speaker 2: the median economist estimate. But booming trade underlines the rift

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Speaker 2: between China's manufacturing power and its stubbornly weak domestic economy.

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Speaker 1: The UK and the European Union should step up their

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Speaker 1: financial ties in order to boost both economies. That's according

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Speaker 1: to the City of London's governing body, which says closer

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Speaker 1: cooperation will be good for business. Remember, ex team out

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Speaker 1: of Bio has more nearly.

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Speaker 4: A decade on from the country's defining EU referendum. UK

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Speaker 4: Prime Minister Keir Starmer is courting closer alignment with the

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Speaker 4: European Single Market. The Premier's desire to soften the Brexit

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Speaker 4: deal comes after London's Financial Hub says it's time to

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Speaker 4: get serious about protecting EU links. Research from the City

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Speaker 4: of London Corporation and think tank New Financial is warning

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Speaker 4: that the bloc's new capital requirements directive could stifle investment

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Speaker 4: from London if changes aren't made, but forging links could

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Speaker 4: be complicated now British regulators have had the flexibility to

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Speaker 4: rewrite old EU rules on issues like bonus deferrals and

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Speaker 4: investor documents. Trade bodies who spoke to Bloomberg say they

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Speaker 4: support closer alignment with the region, but also value the

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Speaker 4: UK's regulatory independence.

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Speaker 2: In London, to at by Bloomberg Radio, sticking to the UK,

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Speaker 2: as many as two hundred thousand homes could face a

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Speaker 2: new tags on properties worth more than two million pounds

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Speaker 2: that according to Jonathan Russell, CEO of the government body

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Speaker 2: responsible for valuing homes, who says that most affected residences

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Speaker 2: are in London and the Southeast. Speaking to Parliament's Treasury

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Speaker 2: Committee yesterday, Russell said that the Valuation Office Agency will

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Speaker 2: assess homes starting at one and a half million pounds

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Speaker 2: to ensure that none that should fall under the levee overlooked.

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Speaker 2: The measure is expected to raise around four hundred million

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Speaker 2: pounds in the twenty twenty nine tax year, though its

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Speaker 2: introduction could cause market distortion and hit other property taxes

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Speaker 2: like stamp duty. Those are our top stories for you

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Speaker 2: this morning. Let's look at markets. After the US inflation

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Speaker 2: data yesterday ease concerns about price pressures, Global stocks headed

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Speaker 2: for a record high this morning. The All country World

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Speaker 2: Index is up, Maciasia Pacific Index gaining four tenths, but

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Speaker 2: you see a sell off for Chinese equities on the

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Speaker 2: CSI three hundred. Sticking to the metal story, also a

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Speaker 2: silver above ninety dollars about ninety dollars or rather for

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Speaker 2: the very first time tin or so surging today. Oil

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Speaker 2: this morning down three tenths. Braincrud at sixty five dollars

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Speaker 2: twenty nine the ball and you've got walls eat bank

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Speaker 2: earnings to think about. Stop futures for the US in

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Speaker 2: the red and also softer for the USTOX fifty futures.

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Speaker 2: Tho'se a the markets.

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Speaker 1: In a moment, we'll bring you more on what Donald

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Speaker 1: Trump's comments mean for Iran, plus why Sweden's leadership on

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Speaker 1: climate issues is unraveling. Put another story that caught our

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Speaker 1: eye this morning. In case you're wavering on your New

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Speaker 1: Year's resolutions, it is, after all, the fourteenth of January,

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Speaker 1: so you might have given up already. Frankly, at this

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Speaker 1: stage you might. They'll be looking for some inspiration about

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Speaker 1: what habits you can keep might be still usable. Kate

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Speaker 1: Crator hasn't speaking to a whole host of CEOs about

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Speaker 1: their best lessons from the New Year's resolutions. They did

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Speaker 1: manage to keep, the likes of CEO of Chase Travel,

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Speaker 1: Jason Wynn, saying that he focuses on small daily habits

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Speaker 1: that feel approachable, although this is quickly followed by saying

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Speaker 1: that he likes cold plunges, which I'm not sure really

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Speaker 1: qualifies as approachable or small daily habits. But he also

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Speaker 1: talks about the you know, even if you can't do that,

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Speaker 1: to do short walks or meditations because instancy and manageability

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Speaker 1: are the things that he talks about too. And other

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Speaker 1: CEO that Kate spoke to. Tony Kahan of Nasdak Private Market,

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Speaker 1: talked about making time for his charity work. He's a

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Speaker 1: volunteer pilot for a dog rescue organization.

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Speaker 2: Yeah, I mean that maybe needs quite some skills. I mean,

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Speaker 2: in terms of the cold plunge, maybe I get a

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Speaker 2: cold shower. Maybe you could make that a daily habit.

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Speaker 2: But no, look, these are at least relatable activities, maybe

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Speaker 2: something that people could actually copy. I do find the

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Speaker 2: need to dress it up though as kind of biohacking

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Speaker 2: a bit sort of silly. But I mean maybe we're

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Speaker 2: back to the simple life theme this, lis ste If you're.

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Speaker 1: Not like that, yeah, I mean I think, look, keeping

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Speaker 1: it simple is something that I can absolutely identify with.

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Speaker 1: I will not use the word biohacking, which it just

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Speaker 1: seems like one of those things is like things that

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Speaker 1: your mother or grandmother will have told you when you

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Speaker 1: were growing up are now being rebranded as something else.

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Speaker 1: But look, it's a great insight into how some of

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Speaker 1: these corporate leaders are I suppose fitting things into busy schedules,

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Speaker 1: and that's certainly the part that I took awayrom as well.

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Speaker 1: We'll put a link to the story in our podcast

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Speaker 1: show notes.

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Speaker 2: Okay, let's bring you more now on our top news

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Speaker 2: item Iran, after the s president urged protesters to continue

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Speaker 2: their demonstrations against the regime and warn of a response

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Speaker 2: to the crackdown against them. On Middle East, Managing editor

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Speaker 2: Pull Wallace joins US now, does the United States intervention

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Speaker 2: in Iran now look likely? How significant do you think

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Speaker 2: it might actually be?

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Speaker 5: Hi, Caroline, I think it's a big question. Clearly, Donald

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Speaker 5: Trump can move quite quickly, and US forces can move

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Speaker 5: quite quickly if they decide that a strike on Iran

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Speaker 5: is the best way to go. Let's face it, there's

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Speaker 5: no inevitability about it, and this may be a ploy. Obviously,

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Speaker 5: it's you know, it puts more pressure on the Iranian authorities,

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Speaker 5: but it may be employed to bring them to the

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Speaker 5: negotiation negotiating table. However, I think at this stage it

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Speaker 5: wouldn't It certainly wouldn't be a massive surprise if the

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Speaker 5: US did did strike Iran and went after let's say

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Speaker 5: it's military infrastructure and some government buildings.

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Speaker 2: What sort of effect could that have in Iran?

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Speaker 5: If it did happen, Paul, Well, this is what's making

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Speaker 5: a lot of people who you know, broadly support the

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Speaker 5: protesters quite nervous. You know, there is a chance that

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Speaker 5: it does the opposite of what Trump wants, which is

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Speaker 5: to governize the protests, governize the protesters, and ultimately, you know,

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Speaker 5: I think it's He's made pretty clear he wants regime change,

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Speaker 5: he wants a new system of government and the end

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Speaker 5: of the Islamic Republic in Iran. But there is a

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Speaker 5: chance that strikes on the country lead to some kind

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Speaker 5: of surgeon nationalism, similar to what we saw in June

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Speaker 5: when Israel and the US attacked attacked Iranian Iranian sites.

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Speaker 5: So it's actually quite difficult to see how exactly military

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Speaker 5: strikes from the US would boost the protest movement beyond

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Speaker 5: that they would just put even more pressure on the

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Speaker 5: Iranian government and perhaps force it to make some.

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Speaker 6: Concessions.

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Speaker 5: But the problem is, well, one complicating factor is that

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Speaker 5: the protest movement is now openly beyond economic, you know,

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Speaker 5: beyond complaints about the economic situ situation in Iran and

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Speaker 5: rampant inflation of fifty percent or more and a tumbling

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Speaker 5: currency and all this many many protesters are now wanting

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Speaker 5: a change in government, so I think a lot of

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Speaker 5: them would not accept sort of piecemeal piece meals from

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Speaker 5: the government that basically leaves the exact same system in place.

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Speaker 2: Yeah. Indeed, and there is now a lot of footage

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Speaker 2: emerging of those who've been killed during these protests. To

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Speaker 2: watching that overnight, Paul, thank you for being with us

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Speaker 2: on Middle East. Managing Editor Paul Wallace on Iran, Stay

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Speaker 2: with us. More from Bloomberg daybakeuope coming up after this.

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Speaker 2: Now to Sweden.

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Speaker 1: We're once pioneering green ambitions are unraveling, part of a

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Speaker 1: wider pushback in Europe against environmental initiatives, spurred on in

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Speaker 1: part by Donald Trump's anti green agenda. Joining us now

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Speaker 1: from more from Stockholm at s Boomberg's Charlie Duxbury, Charlie,

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Speaker 1: good morning. Why are Sweden's green industrial revolution plans deflating?

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Speaker 6: Good morning? Well, I guess if we go back about

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Speaker 6: some of ten years, Bweden stood out as a leader

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Speaker 6: on sort of green ambition in Europe. Its government contained

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Speaker 6: the Green Party, who were pretty vocal on the subject.

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Speaker 6: You had very ambitious industrial projects in the author the country, emerging,

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Speaker 6: including what was hoped would be sort of Europe's leading

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Speaker 6: battery producer. Then sort of over the years which followed,

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Speaker 6: the battery producer itself northful, it's sort of financial troubles.

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Speaker 6: It's sort of struggled to produce the products on time.

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Speaker 6: It ultimately wound up sort of going bankrupt. At the

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Speaker 6: same time as sort of a big green steel producer

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Speaker 6: which was hoped would also be a kind of standard

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Speaker 6: bearer for Sweden, also sort of a struggle to get

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Speaker 6: off the ground. And then at the same time you've

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Speaker 6: had kind of a sort of a shift a bit

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Speaker 6: like elsewhere in Europe on the political front, you've had

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Speaker 6: sort of parties coming into power who were less interested

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Speaker 6: in sort of leading the way on the green initiatives

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Speaker 6: and a bit more interested in sort of being cautious

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Speaker 6: on fiscal policy and a bit more sort of mindful

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Speaker 6: of cost of living pressures on voters. And so you've

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Speaker 6: got from a situation where you had sort of git

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Speaker 6: the Tuneberies obviously very famous Swedish climate protester who was

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Speaker 6: garnering a lot of sort of praise and develop and

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Speaker 6: create a lot of energy in Sweden, to sort of

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Speaker 6: you know that energy is kind of drained out of

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Speaker 6: the debate here.

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Speaker 2: Yeah, which is interesting given that Sweden was in a

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Speaker 2: very strong position, some might argue, to be able to

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Speaker 2: deliver on those green ambitions. How do you think this

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Speaker 2: is also part though, of the broader backsliding on this

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Speaker 2: issue in Europe.

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Speaker 6: Yeah, I guess yes, Sweden is very much part of

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Speaker 6: a wider European trend. You sort of go back five

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Speaker 6: years you had the Green Deal in Europe, which was

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Speaker 6: really a defining policy of the previous term of European

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Speaker 6: Commissioned President wonder Line. Where you know, it was seen

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Speaker 6: as a way to both sort of fight climate change

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Speaker 6: and also create new jobs, well paying jobs in Europe

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Speaker 6: when they were desperately needed. So where Sweden mis Sweden

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Speaker 6: kind of fits into that trend quite quite nice, but

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Speaker 6: it was it stood out as a very much a

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Speaker 6: leader in that in that area, and you know, and

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Speaker 6: that's the change that we've seen that that's not really

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Speaker 6: where Sweden is today.

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