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Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Ed Kalecki.
Chapter 2: What reassurance does Marco Rubio offer to European allies?
Secretary of State Marco Rubio says Europe's fate is intertwined with the U.S. while faulting the continent for what he said was a drift away from their shared Western values. The double-edged message offered some reassurance to allied leaders gathered at the Munich Security Conference, but did little to temper their push for more independence from Washington.
Rubio spoke with Bloomberg News Editor-in-Chief John Micklethwaite and also talked about the vested interest the U.S.
has with Europe when it comes to China. We should never be in a situation where our alliance and our respective countries are vulnerable to extortion or blackmail because someone controls 9% of something that's critical to national life. So I think we do have a vested interest in that regard.
Today is different than yesterday, but it has parallels, not in that China's the new Soviet Union, but that
in our future collectively will be stronger if we work on these things together secretary rubio speaking with bloomberg news editor-in-chief john mclithwaite while u.s inflation has cooled from its pandemic era peak prices at grocery store meat counters are skyrocketing with no relief in sight beef costs have riven faster than most other items in the consumer price index with the broad beef and veal category up 15 percent over the past year as of january
Uncooked ground beef reached a fresh record after soaring by the most since June 2020, and government data released Friday. The gains were a standout from the rest of the consumer grocery basket, where things have broadly improved. Chicken prices rose by only 1.1 percent in the past 12 months, while milk was little changed. President Trump's crackdown on Venezuela is costing the U.S. billions.
Bloomberg's Monica Ricks reports.
Operations around Venezuela have pulled in nearly a fifth of the U.S. Navy's surface fleet, costing more than $20 million a day at its peak from mid-November to mid-January. That includes vessels in the Caribbean, air support, and dozens of special forces that not only led to the eventual capture of President Nicolas Maduro... but also help beef up the overall military posture in the region.
Bloomberg estimates costs have surged near $3 billion so far. And while the Pentagon hasn't commented, most of that money is covered by defense funding that's already been allocated. Monica Ricks, Bloomberg Radio.
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