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Transcripts For BLOOMBERG Bloomberg 20240704

Dani good morning and happy friday edition of bloomberg daybreak europe. Im dani burger in london. U. S. Inflation reading, but San Francisco fed president mary daly says the bank has more work to do to combat rising prices. Country garden a penny stock after the largest Property Developer expects multi billion dollar loss for the first half of the year. Ubs has repaid the Credit Suisse liquidity assistance in full, and is voluntarily ending the 9 billion swiss franc government protection. Ubs confirming not only that they are not going to use the backstop, they are not using the safety net given to them by the swiss government. They are saving saying, take away the safety net. The first part was they have terminated the 9 billion swiss franc loss protection agreement. This was the backstop they needed to guarantee that they would acquire Credit Suisse. Second, they have terminated the public with quiddity backstop by smb, that was up to 100 billion swiss francs. The third point is the

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