We want to bring you a special podcast from our Bloomberg UK Politics show after some major moves in the bond market.

The UK government's borrowing costs have shot up this week as long-simmering worries over the UK economy appears to have hit a nerve with investors. In a special extended edition of the podcast, we explain why and what the Chancellor can do about it, with our Managing Editor for Foreign Exchange and Rates Rachel Evans, UK government Reporter Joe Mayes, and Bloomberg's Chief UK Economist Dan Hanson. Hosted by Lizzy Burden and Stephen Carroll.

For more episodes like this you can subscribe to the UK Politics Podcast

Apple: https://shorturl.at/1bYd6
Spotify: https://shorturl.at/ynb7u
TuneIn: http://tun.in/pkKdn

We want to bring you a special podcast from our Bloomberg UK Politics show after some major moves in the bond market. The UK government's borrowing costs have shot up this week as long-simmering worries over the UK economy appears to have hit a nerve with investors. In a special extended edition of the podcast, we explain why and what the Chancellor can do about it, with our Managing Editor for Foreign Exchange and Rates Rachel Evans, UK government Reporter Joe Mayes, and Bloomberg's Chief UK Economist Dan Hanson. Hosted by Lizzy Burden and Stephen Carroll. For more episodes like this you can subscribe to the UK Politics Podcast Apple: <a href="https://shorturl.at/DphFm">https://shorturl.at/1bYd6</a> Spotify: <a href="https://shorturl.at/ynb7u">https://shorturl.at/ynb7u</a> TuneIn: <a href="http://tun.in/pkKdn" data-stringify-link="http://tun.in/pkKdn" data-sk="tooltip_parent">http://tun.in/pkKdn</a>

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

Bloomberg Daybreak: Europe Edition

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,900 journalists and analysts in 120 countries.

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,900 journalists and analysts in 120 countries.

Bloomberg UK Politics: Gilt-y Plea : Why Market Turmoil Is a Big Problem for Rachel Reeves

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/19ad8ec2-aafa-4737-bcbf-b26000d0e30f/transcript

UK markets are facing further turmoil as gilt yields have hit multi-decade highs, the pound has been pummeled and equities have slumped. Concerns over stubborn inflation, a ballooning government debt pile and tepid growth have hit a nerve in recent days, with traders heaping pressure on the embattled Labour government. In a special bonus episode of the Bloomberg Daybreak Europe podcast, Bloomberg Opinion columnist Daniel Moss shares his assessment of the situation with Caroline Hepker and Stephen Carroll. 

UK markets are facing further turmoil as gilt yields have hit multi-decade highs, the pound has been pummeled and equities have slumped. Concerns over stubborn inflation, a ballooning government debt pile and tepid growth have hit a nerve in recent days, with traders heaping pressure on the embattled Labour government. In a special bonus episode of the Bloomberg Daybreak Europe podcast, Bloomberg Opinion columnist Daniel Moss shares his assessment of the situation with Caroline Hepker and Stephen Carroll.&nbsp;

 BONUS: Why Are Bond Yields Rising And Is It A Problem?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0c9f68f8-da33-48d1-b4e5-b260007fd2aa/transcript

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Plunging UK markets are serving a fresh warning about the British economy and heaping pressure on Keir Starmer’s embattled Labour government.

(2)  Britain’s latest bond turmoil has drawn comparisons with the Liz Truss mini-budget debacle of 2022 but a parallel with the debt crisis of the 1970s might be more apt. 

(3) The 92 global banks in Bloomberg Intelligence's coverage may see a 12-17% ($120-$180 billion) lift to 2027 pretax profit as artificial intelligence powers productivity gains, based on our survey of chief information and technology officers. Job cuts could reach 200,000 in 3-5 years, applying the 3% average expected cut cited in the anonymous survey to the group.

(4) The selloffs that keep flaring in the world’s bond markets are pushing yields toward key thresholds amid escalating worries about elevated inflation, tempestuous politics and swelling government debts.

(5) Los Angeles plunged into its worst natural disaster in decades as wildfires driven by hurricane-strength wind gusts tore through prosperous neighborhoods, killed at least five people and forced more than 100,000 residents to flee.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Plunging UK markets are serving a fresh warning about the British economy and heaping pressure on Keir Starmer&rsquo;s embattled Labour government. (2) &nbsp;Britain&rsquo;s latest bond turmoil has drawn comparisons with the Liz Truss mini-budget debacle of 2022 but a parallel with the debt crisis of the 1970s might be more apt.&nbsp; (3) The 92 global banks in Bloomberg Intelligence's coverage may see a 12-17% ($120-$180 billion) lift to 2027 pretax profit as artificial intelligence powers productivity gains, based on our survey of chief information and technology officers. Job cuts could reach 200,000 in 3-5 years, applying the 3% average expected cut cited in the anonymous survey to the group. (4) The selloffs that keep flaring in the world&rsquo;s bond markets are pushing yields toward key thresholds amid escalating worries about elevated inflation, tempestuous politics and swelling government debts. (5) Los Angeles plunged into its worst natural disaster in decades as wildfires driven by hurricane-strength wind gusts tore through prosperous neighborhoods, killed at least five people and forced more than 100,000 residents to flee.

UK Rout Deepens, Reeve’s Considers Cuts, 100,000 Flee LA Fire & A.I. Banking Impact Exclusive

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9110d830-42be-4d83-8521-b260006bc472/transcript

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) In the space of an hour, President-elect Donald Trump called for absorbing Canada, declined to rule out using military force to seize the Panama Canal and Greenland, demanded NATO allies spend 5% of GDP on defense and vowed “all hell would break loose” in the Middle East if Hamas doesn’t release Israeli hostages before he takes office.

(2) President-elect Donald Trump said NATO nations should spend the equivalent of 5% of their economic output on defense, escalating his demands on European allies to more than double the current target.

(3) The sister of Sam Altman accused the OpenAI chief executive officer of sexually abusing her for almost a decade, in a lawsuit filed in federal court.

(4) Borrowers are flooding global debt markets at an unprecedented pace as they take advantage of demand from credit-hungry managers flush with cash.

(5) A British politician said he had “almost zero confidence” in the integrity of Shein’s supply chain following a heated exchange with a representative of the fast-fashion retailer in London.

(6) JPMorgan Chase is preparing to tell all its employees to return to the office five days a week, ending a hybrid-work option for thousands of staff and returning to the attendance policy that was in place before the pandemic.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:
(1) In the space of an hour, President-elect Donald Trump called for absorbing Canada, declined to rule out using military force to seize the Panama Canal and Greenland, demanded NATO allies spend 5% of GDP on defense and vowed &ldquo;all hell would break loose&rdquo; in the Middle East if Hamas doesn&rsquo;t release Israeli hostages before he takes office.
(2) President-elect Donald Trump said NATO nations should spend the equivalent of 5% of their economic output on defense, escalating his demands on European allies to more than double the current target.
(3) The sister of Sam Altman accused the OpenAI chief executive officer of sexually abusing her for almost a decade, in a lawsuit filed in federal court.
(4) Borrowers are flooding global debt markets at an unprecedented pace as they take advantage of demand from credit-hungry managers flush with cash.
(5) A British politician said he had &ldquo;almost zero confidence&rdquo; in the integrity of Shein&rsquo;s supply chain following a heated exchange with a representative of the fast-fashion retailer in London.
(6) JPMorgan Chase is preparing to tell all its employees to return to the office five days a week, ending a hybrid-work option for thousands of staff and returning to the attendance policy that was in place before the pandemic.

 Trump Threatens Allies, Gilty Displeasure & Musk’s European Politics Fixation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/83e68963-e2d3-4342-ac74-b25f00712df7/transcript

Bloomberg UK Politics: Gilt-y Plea : Why Market Turmoil Is a Big Problem for Rachel Reeves

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