Bloomberg Surveillance: Early Edition, live from London and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. Wolfgang Munchau, Director of Eurointelligence, says Joe Biden’s comments have already caused damage. Julien Lafargue, Chief Market Strategist at Barclays Private Bank, says the Fed will be aggressive initially. Leslie Vinjamuri, Head of U.S. and the Americas programme at Chatham House, says the U.S. has been clear on its position.