Wednesday, December 12

ByKevin Sheekey

Hello from London, where Prime Minister Theresa May has vowed to keep fighting as her party prepares a no confidence vote tonight. The U.K. may be leaderless before you go to bed.

At Bloomberg London, we’ve had a busy 24 hours:

This morning, Mike Bloomberg opened the Bloomberg Vanity Fair Climate Exchange with the magazine’s new editor, Radhika Jones. The summit gathered political, business and environmental leadersat Bloomberg London for conversations spanning oceans to overfishing, global warming and going beyond coal, and the role business and tech companies can play to propel climate action.

At last night’s opening gala, guests included Stella McCartney, Rod Stewart, Tracey Emin, Victoria Loke, Rob Lowe and Lily Cole. See photos from the gala here and here.

Mike joined Mayor of London Sadiq Khan this morning to open the stunning new Tube entrance at Bloomberg’s headquarters that will help ease congestion in this busy part of the city.

And set your DVRs (like Trump, I use TiVo):

Today marks the TV premiere of ‘Paris to Pittsburgh’, the Bloomberg Philanthropies-produced documentary on climate change. Watch tonight on the National Geographic channel at 9pm ET in the U.S. Globally, it will begin airing in more than 170 countries after premiering at the British Academy of Film and Television Arts last night in London. Check your local TV listings for airtimes.

Now, let’s get to the news:

Hot on the Bloomberg:
Theresa May Keeps Fighting as Tories Prepare to Vote on Her Leadership
(Bloomberg)
Pound Traders Glued to Desks as Brexit Vote Approaches (Bloomberg)
Follow Live: Follow Bloomberg’s Top Live blog at TLIV <GO> on the Bloomberg terminal or on the web here.

White House = Fight House: Trump Stages Government Shutdown Face-Off With Democrats Over Wall Funding (Bloomberg) President Trump says ‘I will be the one’ to shut down government over the border in a made-for-TV oval office meeting with Democratic leaders Nancy Pelosi and Chuck Schumer.

Trade Today: Trump Says He Would Intervene in Huawei Case to Get China Deal (Bloomberg)

Justice for Heather Heyer: Charlottesville Killer Sentenced to Life in Prison (Plus 419 Years) for Car Attack (Washington Post)

Bloomberg Global Regulatory Forum: Philip Hammond insists London will Remain a Favored Financial Center Post-Brexit (The National)

Glacier Melt: NASA Warns that Massive East Antarctica Glaciers Melting At ‘Sytematic’ Rate as Trump Doubles Down on Climate Change Denial (Newsweek)

Mike Bloomberg on the Political Climate (Vanity Fair)
In an interview ahead of tonight’s premiere of ‘Paris to Pittsburgh’, Mike points out that it’s in the interests of business executives to invest in energy efficiency, and that their own supply chains or assets in vulnerable locations—on the coast, or in low-lying areas like Florida or areas of the South—might be endangered if they don’t step in and pull their weight. “That’s basic risk management,” he says.

What’s harder, however, is for investors to know which companies are most exposed to climate threats, and what action they’re taking to combat these risks.

To solve this, Bloomberg is working with the Bank of England and governor Mark Carney to create voluntary guidelines for companies to disclose their own climate initiatives. “The market,” Bloomberg notes, “can be a powerful ally in the fight against climate change.”

Watch Mike Bloomberg on ABC’s ‘The View’ Monday:
-On A 2020 Run and Gun Control (The View)
-On New Documentary About Climate Change (The View)


Arts section.

Art on the Underground: The art featured in the new Tube entrance at Bloomberg London is a display of 24 historic glass panels by celebrated glass artist and muralist John Hutton, first commissioned in 1960 for the post-war office building on the site. The panels reflect the ancient Roman history of the area, including the discovery of the adjacent Roman Temple of Mithras which has been restored and returned to its original site by Bloomberg and now open to the public. See photos of the opening here.

And Finally, Don’t Miss Ice Watch London:
-Olafur Eliasson’s ‘Ice Watch’ confronts Londoners with the Realities of Climate Change (Wallpaper)
-Is Bloomberg Mixing The World’s Biggest G&T? (Londonist)
-Ice Watch London Will Melt In About A Week, So Get Your Skates On and Go (Evening Standard)


Best of late night.

On President Trump’s Oval Office meeting on Tuesday with Senator Chuck Schumer and Democratic House leader Nancy Pelosi that devolved into a public bickering match over funding for a border wall:

“It looks like Trump’s border wall is right on track to still never be built. Trump says if he doesn’t receive funding for his border wall, he will ask the military. And if that doesn’t work, he’ll have no choice but to ask Santa Claus.”
— James Corden

Video Clip: Jimmy Kimmel remixed footage from the Oval Office debate and turned it into an imaginary clip from C-SPAN / Bravo’s “The Real White House Wives of D.C.” Watch it here.