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

On today's podcast:
(1) Bloomberg Intelligence has crunched the numbers on why the share prices of European banks lag their Wall Street rivals.

(2) China's Xi calls for open supply chains after curbing the exports of key metals.

(3) The UK's Financial Watchdog sets out plans for a single UK price feed for bond trades.

(4) global temperatures hit an all time record on Monday in a blow for the battle against climate change.