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Podcast: Bloomberg Daybreak: Europe Edition
Episode: UK Rout Deepens, Reeves' Considers Cuts, 100,000 Flee LA Fire & A.I. Banking Impact Exclusive
Description: 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...