Burnham to Enter No.10, Spain Wins World Cup, More

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Bloomberg News Now 6 min 7 speakers 3 chapters transcribed 2 months ago
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What is the Bloomberg This Weekend podcast introduction and tone?

Caroline Hepker 0:00
The Bloomberg This Weekend Podcast. News, politics, and the lighter side of Bloomberg. Forget healthspan.
Min Min Lo 0:07
Midlife men face pressure to extend hotspan. Hotspan. Hotspan, yes. So millennial men, you have to stay hot for like several more decades, David, okay? So you need to work on this.
Andy Burnham 0:19
I got to work on that. This is like a journey.
Caroline Hepker 0:20
This is a really not so subtle way of telling me that. The Bloomberg This Weekend Podcast. Subscribe today on Apple, Spotify, or wherever you listen. News when you want it with Bloomberg News Now. I'm Caroline Hepker.
Stephen Carroll 0:34
And I'm Stephen Carroll.
Caroline Hepker 0:35
Andy Burnham will become Britain's new Prime Minister today, inheriting an in-trade dominated by a sluggish economy and pressure to tackle the cost of living. In his first address from Downing Street, he's expected to say that Britain can look to the future with hope and unity. but must also be honest about the challenges it faces. Burnham will also say he's acutely conscious of Britain's prime ministerial turnover, arguing that it shows the need for more stable and responsible politics. Speaking on Friday, Burnham said that he would grow the economy by devolving power.
Andy Burnham 1:10
More power to improve your high street, backing local businesses such as the pubs and the shops that bring them to life. And make no mistake, everybody, I will be a pro-business leader of the Labour Party as I was a pro-business mayor of Greater Manchester.
Caroline Hepker 1:28
Burnham takes office with more than a million households behind on their electricity bills, while personal insolvencies in the UK have risen to their highest level since early 2010.
Stephen Carroll 1:40
Oil, meanwhile, has climbed to its highest level in more than a month as the United States and Iran exchange increasingly fierce attacks. Overnight, the US military launched another wave of strikes on the Islamic Republic after three American soldiers were killed in Jordan and Iraq. A week of tit-for-tat attacks have also expanded beyond military targets to include bridges, utilities and port facilities, suggesting little prospect of a return to last month's fragile ceasefire. The US Secretary of State Marco Rubio says the White House still wants a deal.
Marco Rubio 2:15
The United States always remains open to a diplomatic solution. We've tried multiple times with Iran, and we'll continue to try. If that door opens, we'll be happy to see it open. And they continue to send signals that they want to talk, that they want to negotiate, but their behavior is what we're responding to. And their behavior is they're launching missiles and drones against ships, including tonight.
Stephen Carroll 2:36
Rubio says the US is focused on hitting Iranian assets that are being used to attack commercial shipping. Kuwait is once again bearing the brunt of Iran's retaliation.

What does Andy Burnham plan to say as Britain’s new Prime Minister?

Stephen Carroll 2:46
The country's army says attacks on power and desalination plants caused fires and severe damage to what it called vital infrastructure. The New York Times reports that the US is also sending more fighter jets and aerial refueling aircraft to the Middle East in what could signal a further escalation.
Caroline Hepker 3:03
Ukraine's foreign minister has said that Russia unleashed its largest ballistic missile attack against Kyiv since the beginning of the war. According to President Zelensky, at least one person was killed and 16 wounded in attacks on the Ukrainian capital over the weekend. He said these strikes underline the need for further defences.
Freddie Fulston 3:23
Our air defense forces and sky defenders managed to shoot down 18 missiles and neutralize more than 100 drones. It is very important that our partners understand what is happening and that we need air defense missiles to protect life literally every day.
Caroline Hepker 3:44
President Zelensky, speaking via a translator, as Ukraine widened its attacks on Russian warehouses and logistics facilities. It comes as the Financial Times reported the EU faces crumbling support for new Russia sanctions. Diplomats have warned that member states are refusing to back measures that could harm some of their biggest companies.
Stephen Carroll 4:03
China's Moonshot AI has told investors it's preparing for an IPO in as little as six months.

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