1 00:00:02,920 --> 00:00:05,760 Speaker 1: Good morning. It's Friday, the twenty seventh of October in London. 2 00:00:05,800 --> 00:00:08,920 Speaker 1: This is the Bloomberg Daybreak Euroate podcast. I'm Stephen Carroll. 3 00:00:09,000 --> 00:00:13,000 Speaker 1: Coming up today, American forces strike Iran linked targets in 4 00:00:13,039 --> 00:00:16,440 Speaker 1: Syria as Tehran warns the US won't be spared if 5 00:00:16,440 --> 00:00:20,920 Speaker 1: the Israel Hamas war spreads. The ECB's decision to hold 6 00:00:21,000 --> 00:00:24,440 Speaker 1: rate steady delivers relief to a highly indebted Italy, but 7 00:00:24,520 --> 00:00:27,960 Speaker 1: for how long? And a forty K cut at one 8 00:00:28,000 --> 00:00:31,840 Speaker 1: of the Big Four EY slashes UK partner payouts as 9 00:00:31,920 --> 00:00:35,519 Speaker 1: economic uncertainty grows. Let's start with a roundup of our 10 00:00:35,560 --> 00:00:38,760 Speaker 1: top stories. The United States says it hit two facilities 11 00:00:38,760 --> 00:00:42,280 Speaker 1: in eastern Syria it believes were used by Iran's Islamic 12 00:00:42,360 --> 00:00:46,440 Speaker 1: Revolutionary Guard following repeated attacks on US forces in the region. 13 00:00:46,760 --> 00:00:50,240 Speaker 1: The strikes come as Iran's foreign minister warned the US 14 00:00:50,320 --> 00:00:54,920 Speaker 1: won't be spared if the war between Israel and Hamas spreads. Meanwhile, 15 00:00:54,920 --> 00:00:57,840 Speaker 1: the United Nations Security Council failed to reach an agreement 16 00:00:57,840 --> 00:01:01,240 Speaker 1: on calling for a humanitarian ceasefire in Gaza. Francis U 17 00:01:01,280 --> 00:01:04,360 Speaker 1: and Ambassador Nicolade rivieer Is dismayed the. 18 00:01:04,360 --> 00:01:07,920 Speaker 2: Security Council is stock is very disappointing. We should get 19 00:01:07,920 --> 00:01:13,039 Speaker 2: back to negotiation, do a compromise, prioritize humanitarian access, this 20 00:01:13,240 --> 00:01:17,640 Speaker 2: humanity and pause while recognizing the right of Israel to 21 00:01:17,720 --> 00:01:18,560 Speaker 2: defund itself. 22 00:01:19,560 --> 00:01:23,480 Speaker 1: Nicolad Riviev spoke as the Israeli army reportedly made further 23 00:01:23,680 --> 00:01:28,240 Speaker 1: overnight ground raids into northern Gaza following wednesday nights limited 24 00:01:28,280 --> 00:01:32,800 Speaker 1: incursion with infantry and tanks reports from Gaza's health ministry. 25 00:01:33,400 --> 00:01:36,880 Speaker 1: Gaza's Hamas run Health Ministry says seven thousand people have 26 00:01:37,000 --> 00:01:41,919 Speaker 1: now been killed in air strikes on the territory. Katar's 27 00:01:42,040 --> 00:01:45,200 Speaker 1: senior hostage negotiator has warned that an escalation in the 28 00:01:45,200 --> 00:01:49,200 Speaker 1: conflict will hamper efforts to secure the safe release of captives. 29 00:01:49,520 --> 00:01:53,760 Speaker 1: The country's Minister of State, Mohammad al Kulafi, says all 30 00:01:53,800 --> 00:01:57,480 Speaker 1: civilian hostages in Gaza can be released in the coming days, 31 00:01:57,480 --> 00:01:59,720 Speaker 1: but a pause in the fighting is needed. 32 00:02:00,080 --> 00:02:02,880 Speaker 3: If there's a continuing bombing, our task is getting more difficult. 33 00:02:03,120 --> 00:02:06,480 Speaker 3: The mediators need a period of calm, a situation where 34 00:02:06,480 --> 00:02:09,200 Speaker 3: we can speak easily to both parts and try to 35 00:02:09,240 --> 00:02:12,320 Speaker 3: be more creative in bringing more initiatives that can get 36 00:02:12,440 --> 00:02:13,359 Speaker 3: those civilians out. 37 00:02:14,160 --> 00:02:17,720 Speaker 1: Those comments from Katar's senior hostage negotiator come as Israel's 38 00:02:17,720 --> 00:02:21,040 Speaker 1: military said it had killed Hamas's deputy head of intelligence 39 00:02:21,040 --> 00:02:24,400 Speaker 1: in an airstrike on Gaza. In a statement, the Israel 40 00:02:24,400 --> 00:02:27,200 Speaker 1: Defense Forces said that Shaddi Barud was one of the 41 00:02:27,280 --> 00:02:31,320 Speaker 1: key figures behind the October seventh attacks that killed fourteen 42 00:02:31,480 --> 00:02:34,959 Speaker 1: hundred people. To other News Now and the European Central 43 00:02:34,960 --> 00:02:37,399 Speaker 1: Bank has left interest rates unchanged for the first time 44 00:02:37,440 --> 00:02:40,160 Speaker 1: in more than a year, following last month's knife edge 45 00:02:40,200 --> 00:02:42,440 Speaker 1: decision to lift the rate to a record four percent. 46 00:02:42,560 --> 00:02:46,280 Speaker 1: Policymakers kept it there on Thursday, and ECB president Christine 47 00:02:46,320 --> 00:02:49,520 Speaker 1: Leagald says markets shouldn't expect them to come down from 48 00:02:49,560 --> 00:02:50,640 Speaker 1: there anytime soon. 49 00:02:51,320 --> 00:02:55,280 Speaker 4: We are determined to ensure that inflation returns to our 50 00:02:55,320 --> 00:02:58,959 Speaker 4: two percent medium term target in a timely manner. Based 51 00:02:59,000 --> 00:03:02,560 Speaker 4: on our current we consider that the key ECB interest 52 00:03:02,639 --> 00:03:06,400 Speaker 4: rates are at levels that maintain for a sufficiently long 53 00:03:06,560 --> 00:03:10,320 Speaker 4: duration will make a substantial contribution to this goal. 54 00:03:11,560 --> 00:03:14,880 Speaker 1: Christine Laguard also insisted the Central Bank didn't even discuss 55 00:03:14,919 --> 00:03:18,600 Speaker 1: a faster windown of its pandemic bond buying program. The 56 00:03:18,680 --> 00:03:21,560 Speaker 1: comments offer a welcome relief to Italy at a time 57 00:03:21,600 --> 00:03:23,800 Speaker 1: when investors are wondering if the country could soon be 58 00:03:23,840 --> 00:03:27,480 Speaker 1: cut to junk as borrowing costs on its massive national 59 00:03:27,560 --> 00:03:32,960 Speaker 1: debt soar. Janet Yellen says the surge in treasury yields 60 00:03:33,040 --> 00:03:36,240 Speaker 1: is tied to the strength of the economy rather than 61 00:03:36,320 --> 00:03:40,280 Speaker 1: the widening fiscal deficit. The US Treasury secretary Toel Bloomberg, 62 00:03:40,360 --> 00:03:43,960 Speaker 1: bond prices touching levels not seen since the financial crisis 63 00:03:44,040 --> 00:03:46,360 Speaker 1: is a reflection of consumer resilience. 64 00:03:46,960 --> 00:03:52,120 Speaker 5: We're seeing yields go up in most advanced countries. Part 65 00:03:52,120 --> 00:03:56,400 Speaker 5: of the increase in yields, I think is simply a 66 00:03:56,480 --> 00:04:00,040 Speaker 5: reflection of the strength of the economy, the notion and 67 00:04:00,080 --> 00:04:02,480 Speaker 5: that interest rates will be higher for longer. 68 00:04:03,680 --> 00:04:07,000 Speaker 1: Yellen's view clashes with some bond market participants, who pointed 69 00:04:07,040 --> 00:04:10,640 Speaker 1: the sharp increase in the American government's deficit as a 70 00:04:10,760 --> 00:04:14,720 Speaker 1: cause of the jump in yields the after third course. 71 00:04:15,240 --> 00:04:17,679 Speaker 1: After third quarter US growth came in at four point 72 00:04:17,760 --> 00:04:21,480 Speaker 1: nine percent, the top US financial official said she wouldn't 73 00:04:21,520 --> 00:04:24,320 Speaker 1: be surprised if the US posts at growth rate of 74 00:04:24,360 --> 00:04:29,800 Speaker 1: two and a half percent for twenty twenty three. Amazon 75 00:04:29,880 --> 00:04:33,800 Speaker 1: dot Com reported quarterly revenue the topped analyst estimates. The 76 00:04:33,800 --> 00:04:35,480 Speaker 1: story now from Bloomberg's Charlie Palace. 77 00:04:35,920 --> 00:04:39,280 Speaker 6: Amazon got a lift from rising sales in its retail 78 00:04:39,360 --> 00:04:43,240 Speaker 6: and cloud computing units. Revenue gained thirteen percent to one 79 00:04:43,360 --> 00:04:46,279 Speaker 6: hundred forty three point one billion dollars during the three 80 00:04:46,320 --> 00:04:50,719 Speaker 6: months ending September thirtieth. Analysts, on average estimated one hundred 81 00:04:50,800 --> 00:04:54,400 Speaker 6: forty one point six billion. According to data compiled by Bloomberg, 82 00:04:54,720 --> 00:04:57,960 Speaker 6: Amazon shares have increased more than forty percent this year 83 00:04:58,240 --> 00:05:03,000 Speaker 6: thanks to fading recession fore and CEO Andy Jesse's determination 84 00:05:03,360 --> 00:05:07,359 Speaker 6: to rain in pandemic era spending and boost profits. In 85 00:05:07,440 --> 00:05:09,640 Speaker 6: New York Charlie Pellett Bloomberg. 86 00:05:09,320 --> 00:05:13,640 Speaker 1: Radio, shares in Intel have jumped out of the chip 87 00:05:13,640 --> 00:05:17,279 Speaker 1: maker predicted a return to sales growth this quarter. Intel's 88 00:05:17,279 --> 00:05:19,440 Speaker 1: forecasting sales for the period will be a head of 89 00:05:19,440 --> 00:05:23,320 Speaker 1: analyst estimates between fourteen point six and fifteen point six 90 00:05:23,360 --> 00:05:26,520 Speaker 1: billion dollars. The company says the PC market is through 91 00:05:26,560 --> 00:05:29,679 Speaker 1: the worst of a historic slump. The firm also reported 92 00:05:29,720 --> 00:05:34,000 Speaker 1: that it's now winning new customers for its outsourced manufacturing division, 93 00:05:35,520 --> 00:05:39,200 Speaker 1: and Ernst and Young partners in the UK saw their 94 00:05:39,400 --> 00:05:43,719 Speaker 1: share of profits drop for the first time in three years. 95 00:05:43,760 --> 00:05:47,000 Speaker 1: The forty thousand pound cut is the latest in a 96 00:05:47,000 --> 00:05:51,680 Speaker 1: wave of economic uncertainty hitting the big four audit firms. 97 00:05:52,040 --> 00:05:55,080 Speaker 1: Ewan Potts has more with few ideals to advise on 98 00:05:55,200 --> 00:05:59,240 Speaker 1: and clients cutting costs. Accountants of feeling the pinch Ey's 99 00:05:59,360 --> 00:06:01,800 Speaker 1: UK division and recently cut five percent of jobs in 100 00:06:01,839 --> 00:06:04,480 Speaker 1: financial services and now they're shrinking their two hundred and 101 00:06:04,480 --> 00:06:08,000 Speaker 1: twenty million pounds bonus pool by thirty percent. The big 102 00:06:08,040 --> 00:06:11,160 Speaker 1: four accounting firms are also facing increased scrutiny over the 103 00:06:11,240 --> 00:06:14,880 Speaker 1: quality of their audits after a series of high profile collapses, 104 00:06:14,920 --> 00:06:17,719 Speaker 1: including Karellion and batisri Valery in London. 105 00:06:17,720 --> 00:06:19,120 Speaker 6: I'm your in pots Bloomberg Radio. 106 00:06:19,320 --> 00:06:22,880 Speaker 1: Those are your top stories on the markets. The MSCI 107 00:06:22,920 --> 00:06:27,320 Speaker 1: Asia Pacific Index is one point one percent now, excuse me, 108 00:06:27,360 --> 00:06:30,000 Speaker 1: it's one percent higher now. Eurostocks fifty futures are at 109 00:06:30,080 --> 00:06:33,080 Speaker 1: by three tenths of one percent, and the tenure treasure 110 00:06:33,120 --> 00:06:35,039 Speaker 1: yield as a basis point higher this morning at four 111 00:06:35,160 --> 00:06:38,800 Speaker 1: point eighty six percent. Let's get more detail on the 112 00:06:38,839 --> 00:06:41,919 Speaker 1: rising regional tensions in the Middle East over the Israel 113 00:06:42,240 --> 00:06:46,560 Speaker 1: Hamas War, Iran's foreign minister warning the US won't escape 114 00:06:46,640 --> 00:06:50,160 Speaker 1: unaffected if the conflict spreads. This after the White House 115 00:06:50,160 --> 00:06:52,839 Speaker 1: said they sent a direct message to Tehran warning against 116 00:06:52,880 --> 00:06:55,920 Speaker 1: targeting US military personnel and the region, and we've been 117 00:06:55,960 --> 00:07:01,200 Speaker 1: learning about more strikes on Syria targets in Syria linked 118 00:07:01,240 --> 00:07:03,520 Speaker 1: to around this morning to our AMA and News director 119 00:07:03,520 --> 00:07:05,320 Speaker 1: in Roslin Mathison is with us in studio for more. 120 00:07:05,320 --> 00:07:08,719 Speaker 1: Good morning to you, raz Let's start with this apparent 121 00:07:08,800 --> 00:07:11,320 Speaker 1: rationing up of tensions between the US and Iran and 122 00:07:11,400 --> 00:07:15,680 Speaker 1: learning of more strikes on Syria targets too. What can 123 00:07:15,720 --> 00:07:17,360 Speaker 1: you tell us, Well. 124 00:07:17,200 --> 00:07:19,160 Speaker 7: That's right. What we know is the US says that 125 00:07:19,360 --> 00:07:22,440 Speaker 7: struck several sites inside Syria, that it said we're being 126 00:07:22,560 --> 00:07:26,840 Speaker 7: used by Iran's Islamic Revolutionary Guard. That says we've seen 127 00:07:26,880 --> 00:07:30,720 Speaker 7: an escalation in attacks on US troops in the region. 128 00:07:30,880 --> 00:07:33,440 Speaker 7: I mean, it's not unusual for there to be things 129 00:07:33,480 --> 00:07:36,080 Speaker 7: like drone strikes and so on on US bases in 130 00:07:36,120 --> 00:07:39,120 Speaker 7: the area, but there has been a pick up in 131 00:07:39,160 --> 00:07:43,280 Speaker 7: that in recent weeks, obviously since the Hamas attack on Israel. 132 00:07:43,360 --> 00:07:45,800 Speaker 7: You do have a lot of US military assets in 133 00:07:45,840 --> 00:07:48,720 Speaker 7: the region and that's only increasing. And we know, of 134 00:07:48,720 --> 00:07:52,360 Speaker 7: course that US warships shot down several missiles fired a 135 00:07:52,360 --> 00:07:55,240 Speaker 7: week or so ago by Huthy rebels out of Yemen, 136 00:07:55,680 --> 00:07:59,240 Speaker 7: seemingly aimed somewhere north. And we know there's been an escalation, 137 00:07:59,400 --> 00:08:02,360 Speaker 7: as I said, those drowne and other rocket attacks on 138 00:08:02,920 --> 00:08:06,880 Speaker 7: US troops based in places like Iraq, and so we're 139 00:08:06,880 --> 00:08:09,560 Speaker 7: seeing the little by little the sense the US is 140 00:08:09,600 --> 00:08:13,920 Speaker 7: being drawn into this somehow. Obviously there's no sense that 141 00:08:14,080 --> 00:08:17,440 Speaker 7: US wants to get militarily involved in what's happening exactly 142 00:08:17,480 --> 00:08:21,800 Speaker 7: inside Israel and Gaza. But there's lots of outfits operating 143 00:08:21,840 --> 00:08:24,840 Speaker 7: in this region, lots of proxy groups operating in this 144 00:08:24,880 --> 00:08:27,960 Speaker 7: region on behalf of Iran and other nations, and they're 145 00:08:27,960 --> 00:08:31,280 Speaker 7: obviously using this moment to test the boundaries here. And 146 00:08:31,360 --> 00:08:34,240 Speaker 7: so the risk is that you just get a further 147 00:08:34,240 --> 00:08:37,559 Speaker 7: pick up in these attacks on US soldiers and at 148 00:08:37,559 --> 00:08:39,520 Speaker 7: some point you get a more significant one than we've 149 00:08:39,559 --> 00:08:40,200 Speaker 7: seen so far. 150 00:08:40,760 --> 00:08:44,640 Speaker 1: And the rahtoric that we're hearing then from political leaders 151 00:08:44,640 --> 00:08:46,880 Speaker 1: on this as well has also been stepped up. This 152 00:08:47,160 --> 00:08:51,920 Speaker 1: warning from Iran's Phari Meers or the US won't escape unaffected. 153 00:08:52,280 --> 00:08:53,520 Speaker 1: How significant is that? 154 00:08:54,200 --> 00:08:56,920 Speaker 7: Well, it's interesting, of course that they're saying this in 155 00:08:57,000 --> 00:09:01,240 Speaker 7: the US warning around quite publicly. But the interesting also, 156 00:09:01,440 --> 00:09:03,960 Speaker 7: it's just very clear that Iran and the US are 157 00:09:04,040 --> 00:09:08,559 Speaker 7: kind of talking in back channel ways but also publicly 158 00:09:08,640 --> 00:09:11,160 Speaker 7: to each other, and that's a bit unusual. The US 159 00:09:11,240 --> 00:09:15,520 Speaker 7: normally keeps these communications very much to themselves and don't 160 00:09:15,520 --> 00:09:17,720 Speaker 7: advertise them. And what they're saying is, yeah, we're in 161 00:09:17,760 --> 00:09:20,280 Speaker 7: touch as much as we can with Iran and through 162 00:09:20,320 --> 00:09:24,000 Speaker 7: other channels potentially into Iran. And the messaging is the same, 163 00:09:24,480 --> 00:09:27,920 Speaker 7: don't pull us into this thing, and don't get involved yourselves, 164 00:09:27,960 --> 00:09:30,400 Speaker 7: because of course Iran again has its fingers in many, 165 00:09:30,400 --> 00:09:34,880 Speaker 7: many proxies in the region, and they could come at 166 00:09:35,000 --> 00:09:38,000 Speaker 7: the US in multiple ways, not just Hermas but of 167 00:09:38,000 --> 00:09:41,080 Speaker 7: course Hesbola of course are the who theis in Yemen 168 00:09:41,320 --> 00:09:44,040 Speaker 7: and more, and so very much a level of concern 169 00:09:44,120 --> 00:09:47,080 Speaker 7: about the risk of a broadening conflict. And so while 170 00:09:47,080 --> 00:09:50,040 Speaker 7: you're getting those public statements of rhetoric and obviously sort 171 00:09:50,080 --> 00:09:53,400 Speaker 7: of fell in fiery ratoric in return from Iran. Was 172 00:09:53,400 --> 00:09:56,120 Speaker 7: interesting to me is it's quite clear that they're talking 173 00:09:56,160 --> 00:09:57,400 Speaker 7: to each other about this at. 174 00:09:57,360 --> 00:10:02,280 Speaker 1: Least, yes, and we without for further developments as well. Meanwhile, 175 00:10:02,720 --> 00:10:05,080 Speaker 1: Bloomberg has learned that Israel is looking for the help 176 00:10:05,080 --> 00:10:08,000 Speaker 1: of spyware companies when it comes to tracking the hostages 177 00:10:08,040 --> 00:10:09,199 Speaker 1: that are still in Gaza. 178 00:10:09,320 --> 00:10:11,920 Speaker 7: Well, that's right. It's quite interesting to learn that some 179 00:10:12,000 --> 00:10:16,240 Speaker 7: of these spyware companies, including NSO which makes Pegasus spyware, 180 00:10:16,280 --> 00:10:18,480 Speaker 7: which I'm sure many of us have heard of, they're 181 00:10:18,600 --> 00:10:21,920 Speaker 7: enlisting these companies and their services to try and track 182 00:10:21,960 --> 00:10:25,000 Speaker 7: the hostages that are in Gaza. And many of these 183 00:10:25,000 --> 00:10:28,600 Speaker 7: companies are saying, yes, we'll give you our services for free, 184 00:10:29,800 --> 00:10:33,160 Speaker 7: and maybe they can be involved in other aspects of 185 00:10:33,200 --> 00:10:37,280 Speaker 7: this conflict between Israel and Hamas. Of course, that's not 186 00:10:37,600 --> 00:10:42,360 Speaker 7: necessarily without controversy though, because, as I said, the Pegasus software, 187 00:10:42,720 --> 00:10:46,360 Speaker 7: that company is blacklisted by the US and other countries, 188 00:10:46,480 --> 00:10:49,400 Speaker 7: as are other operators in that fielding you, a few 189 00:10:49,480 --> 00:10:52,360 Speaker 7: years ago, there were revelations that this software had been 190 00:10:52,440 --> 00:10:57,600 Speaker 7: sold to some fairly authoritarian regimes around the world, multiple countries, 191 00:10:57,640 --> 00:11:01,360 Speaker 7: that we're using it potentially to spy on dissidents, on 192 00:11:01,480 --> 00:11:03,920 Speaker 7: journalists and so on, and so this company is not 193 00:11:04,480 --> 00:11:07,800 Speaker 7: exactly without controversy, as I said, But right now it's 194 00:11:07,800 --> 00:11:10,959 Speaker 7: spyware's proving quite useful, shall we say, in efforts to 195 00:11:11,000 --> 00:11:12,680 Speaker 7: trying to locate these sausages at. 196 00:11:12,600 --> 00:11:15,200 Speaker 1: The same time, just back to the diplomacy for a moment, 197 00:11:15,760 --> 00:11:19,000 Speaker 1: no agreement to the UN Security Council on a humanitarian 198 00:11:19,040 --> 00:11:23,560 Speaker 1: cease far EU leaders agreeing to call for humanitarian corridors 199 00:11:23,600 --> 00:11:26,119 Speaker 1: and pauses, and that was a very hard one compromise 200 00:11:26,160 --> 00:11:26,600 Speaker 1: as well. 201 00:11:26,920 --> 00:11:29,199 Speaker 7: Well, that's right. It's interesting seeing this sort of word 202 00:11:29,280 --> 00:11:32,000 Speaker 7: salad in essence that's going on. Is anyone willing to 203 00:11:32,000 --> 00:11:34,200 Speaker 7: call it a cease fire? It doesn't seem so, because 204 00:11:34,520 --> 00:11:38,079 Speaker 7: that might have bigger connotations. But essentially what they're doing 205 00:11:38,200 --> 00:11:40,520 Speaker 7: is sort of trying to get a cease far a 206 00:11:40,559 --> 00:11:42,679 Speaker 7: pause in fighting that if you were to call it that, 207 00:11:43,080 --> 00:11:46,920 Speaker 7: including the aerial bombardment that's been going on by both sides, 208 00:11:47,400 --> 00:11:51,080 Speaker 7: Israel into Gaza and Hamas is still sort of firing 209 00:11:51,160 --> 00:11:54,320 Speaker 7: rockets at Israel. The idea, as you say, is to 210 00:11:54,360 --> 00:11:56,520 Speaker 7: get enough of a break to allow more of the 211 00:11:56,640 --> 00:11:59,840 Speaker 7: humanitarian aid to go in. So there's no suggestion that 212 00:12:00,040 --> 00:12:04,680 Speaker 7: any kind of pause slash ceaspire would be a long one, 213 00:12:05,000 --> 00:12:07,040 Speaker 7: or how long it might go for, or that it 214 00:12:07,080 --> 00:12:11,120 Speaker 7: would stop a potential ground invasion of Israel. It's certainly 215 00:12:11,559 --> 00:12:13,520 Speaker 7: none of that it's just simply to allow some of 216 00:12:13,520 --> 00:12:15,040 Speaker 7: their aid potentially to get through. 217 00:12:15,880 --> 00:12:18,560 Speaker 1: This is Bloomberg Daybreak Europe, your morning brief on the 218 00:12:18,600 --> 00:12:21,679 Speaker 1: stories making news from London to Wall Street and beyond. 219 00:12:21,760 --> 00:12:24,600 Speaker 1: Look for us on your podcast feed every morning, on Apple, 220 00:12:24,720 --> 00:12:27,560 Speaker 1: Spotify and anywhere you get your podcasts. You can also 221 00:12:27,600 --> 00:12:31,040 Speaker 1: listen live each morning on London Dab Radio, the Bloomberg 222 00:12:31,080 --> 00:12:34,680 Speaker 1: Business app, and Bloomberg dot Com. Our flagship New York station, 223 00:12:34,800 --> 00:12:38,080 Speaker 1: is also available on your Amazon Alexa device. Just say 224 00:12:38,080 --> 00:12:42,000 Speaker 1: Alexa play Bloomberg eleven thirty. I'm Stephen Carroll. Join us 225 00:12:42,000 --> 00:12:44,640 Speaker 1: again tomorrow for all the news you need to start 226 00:12:44,679 --> 00:12:53,520 Speaker 1: your day right here on Bloomberg day Break Europe