The City View - City AM's Daily Podcast

Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets.

They unpick the latest wage and labour figures, analyse Bank of England governor Andrew Bailey's comments at the Treasury select committee yesterday, go through inflation predictions for 2022, and discuss why current consumer spending growth in the US and UK will be problematic in the long run.

Andy also takes us through the headlines: Vodafone revenue in Germany has increased by 1.1%, and UBS has warned potential crypto investors that this is not the time to invest.

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Today Andy Silvester talks to City A.M. reporter Sascha O'Sullivan, who unpicks Sadiq Khan's efforts in America to promote London as a global hub for investment, and goes through the mounting pressure that Rishi Sunak is facing as the cost of living crisis worsens.

And in the news: shares in Greggs and MADE.com have dipped, and proposed revamp to the consumer price cap by Ofgem could mean a fourfold rise in energy bills this year.

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This week City A.M.'s Charlie Conchie talks to Lorne Daniel, Technology Research Analyst at financial services company finnCap. They unpick a very rough quarter for tech companies and tech stocks, and go through what's to come.

Charlie also takes us through the main headlines this week -- multiple cryptocurrencies have plummeted in value, pressure is growing on the Treasury to greenlight the next stage of Buy Now Pay Later regulation, and Japanese investment giant SoftBank has announced a record $26.2bn loss.

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Today Andy Silvester talks to City A.M.'s Economics and Markets reporter Jack Barnett. They go through the gloomy economic figures released by the ONS this morning measuring the economy's performance, and explain what this will mean for rate hikes going forward.

And in the news: BT has confirmed a joint sports venture with Warner Bros Discovery, MPs have called for a crackdown on dirty money, and Volkswagen has stated that it will build 800,000 electric vehicles worldwide by the end of 2022.

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Today Andy Silvester talks to City A.M. reporters Leah Montebello and Jack Barnett.

Jack takes us through a prediction by the National Institute of Economic and Social Research of a technical recession at the end of the year, and talks inflation worries; and Leah discusses ITV's new streaming service, and Channel 4's partnership with YouTube.

And in the news: Aviva CEO Amanda Blanc has called out sexism in the financial services sector; Superscript, a Lloyd's-licensed insurance broker, has launched a dedicated crypto product; and the Kremlin has warned that it can do without Western countries purchasing their energy resources.

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Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through the rebound by European markets today after yesterday's sell-off, the US dollar's 20-year high, McColl's purchase by Morrisons, and Heathrow's strong results.

Andy also talks to City A.M. reporter Charlie Conchie -- they unpick the Queen's Speech, going through energy and financial services bills.

And in the news: Tesco chairman John Allan has called for a windfall tax, and Unite the Union's bid to become recognised as the official union at the FCA has been rejected.

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Today Andy Silvester talks to City A.M. reporters Nicholas Earl and Leah Montebello. They go through the G7's decision to phase out Russian oil, historically elevated gas prices, unpick Snapchat owner Snap Inc.'s plan to compete with the likes of TikTok, and break down Uber's CEO Dara Khosrowshahi's recent letter to employees.

And in the news: Morrisons owner CD&R has taken over McColl's, a Bank of England rate setter has warned that inflation could rise above the BoE's predictions, and crypto exchange Bitstamp has rushed to appoint a new CEO following the resignation of now ex-CEO Julian Sawyer.

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This week City A.M. reporters Lily Russell-Jones and Charlie Conchie sit down with Conservative MP and former Health Secretary Matt Hancock.

They chat about his outspoken views on crypto, regulation, and the need for accessibiity when it comes to crypto investing; go through his post-Cabinet ambitions; and unpick his decision-making at the height of the pandemic.

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Today Andy Silvester talks to Jack Barnett, City A.M.'s Economics and Markets reporter. Together they go through the thinking behind the Bank of England's 25 basis point rate rise earlier today, which brought the UK's interest rate to 1%. They take a look at the Bank's forecasts, and explain why a recession is almost inevitable.

And in other news -- Shell and BP have announced bumper Q1 profits, and Elon Musk has lined up investors to help with his purchase of Twitter.

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Today Andy Silvester talks to City A.M.'s Economics and Markets reporter Jack Barnett. They go through UK and US rate rises, discuss the likelihood of a recession, and explain equity market slumps.

Also in the news: Crossrail is only 20 days away and sales are slowing at JD Wetherspoon.

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