Bloomberg Daybreak: Europe Edition
BOE Expected To Delay Cut, Inside Hedge Fund Talent Schools & AI To Replace Finance Jobs
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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) This may be one meeting where the Bank of England is thankful the decision has been made for them. Prime Minister Rishi Sunak’s move three weeks ago to call an election has all but ruled out a rate cut when policymakers announce their decision at 12 p.m London time.
(2) Rishi Sunak’s Conservative Party is heading for an electoral wipeout in the UK general election on July 4, according to three major polls on Wednesday, including one that projected even the premier will lose his seat.
(3) Amid a brutal hiring war, Steve Cohen’s Point72, Ken Griffin’s Citadel and other giant hedge funds are going in a radical new direction: Training schemes for in-house superstars.
(4) The head of France’s Medef business lobby criticized the campaign programs of both the far right and an alliance of leftist parties, saying they are a danger to the economy.
(5) Citigroup said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance and makes workers more productive.
(6) As in past disputes, China looks to be readying a series of actions to punish the European Union for its proposed tariffs on electric cars.
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