Bloomberg Daybreak: Europe Edition: Recent Episodes

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Another wave of intense heat is set to sweep across an already parched Europe this week, raising wildfire risks, threatening crops and drying watersheds feeding the region’s critically low rivers.

(2) British shoppers retreated during the July heat wave, prioritizing small treats and cutting back elsewhere as the recent consumer boost showed signs of fading.

(3) US President Donald Trump made sweeping new demands on Iran after Tehran reiterated requests for reparations as part of talks to wind down the conflict, dimming hopes of a quick deal that would reopen the Strait of Hormuz.

(4) An Iranian assassination threat against President Donald Trump prompted an extraordinary operation last month in which he flew secretly from Turkey on an alternate military aircraft while the White House said he was aboard Air Force One, The Washington Post has learned.

(5) US investment giants including Apollo Global Management, Blackstone, BlackRock. and Brookfield Asset Management are partnering with Nvidia to source $500 billion in financing for artificial intelligence infrastructure.

Podcast Conversation: UK Wildfires Are Here to Stay. We Have to Adapt: Lara Williams

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Economic growth in the euro zone is set to quicken after showing surprising resilience to the Iran war, according to a Bloomberg survey of analysts.

(2) Iran promoted a hard-line ex-commander as its top security official, shaking up its highest decision-making body on national defense after saying it was “very close” to a deal with Oman over shipping through the Strait of Hormuz.

(3) The alleged leader of an Irish organized crime gang, Daniel Kinahan, has been extradited to Ireland from Dubai to face allegations that he ran an international drug smuggling and money laundering empire.

(4) Hiring at British businesses held steady in July, ending a downturn stretching back to the Liz Truss crisis in 2022, according to a closely watched survey.

(5) Prime Minister Andy Burnham is embarking on a nationwide tour to promote new policies aimed at reducing the cost of living, just as controversy over his prisons policy threatens to end the honeymoon he’s enjoyed since taking office.

Podcast Conversation:YouTube Stars Are a Hip New Asset Class: Lionel Lauren

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI and PPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look at some of Europe's biggest energy companies on their recent performance.
In Asia – a look ahead to a monetary policy decision from the Reserve Bank of Australia.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) European natural gas jumped as traders awaited the US response to an Iran-Oman agreement on the Strait of Hormuz, while the continent faces pressure to replenish gas inventories before winter.

(2) Extreme heat has killed more than 25,000 people across Europe this year, according to the latest available data compiled by Bloomberg.

(3) The US blindsided the European Central Bank last week with its historic currency intervention to help Japan, only informing its counterparts in Frankfurt after it sold euros to buy the yen, the Financial Times reported, citing several people familiar with the matter.

(4) Andy Burnham’s government declined to rule out increasing bank taxes in its upcoming budget, as bumper profits among lenders prompt speculation that the new administration will target City of London firms.

(5) Meta Platforms was ordered Thursday to pay $567 million to the state of New Mexico and implement changes to protect minor users after a state court judge sided with the state’s attorney general in a landmark trial.

(6) A highly anticipated new device from OpenAI will have a unique look, complete with moving parts that help give it personality, and likely cost more than $300, according to people familiar with the matter.

(7) Coming off its most lucrative World Cup ever, FIFA is exploring selling US media rights for the next two tournaments together that would keep the controversial hydration breaks that boosted ad revenue, according to a person familiar with the matter.

Podcast Conversation: What Happens When Smoke Gets in Your Wines

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter.

(2) Just days after his hedge fund was on the brink of collapse, Leopold Aschenbrenner has made his return to the investing scene, plunking down $400 million to back a privately held company, according to people familiar with the matter.

(3) Iran said it had reached an agreement with Oman on a proposed route for shipping through the Strait of Hormuz, a potential step toward a reopening of the critical waterway for energy supplies.

(4) Commerzbank unveiled a fresh share buyback as Chief Executive Officer Bettina Orlopp seeks to demonstrate that her strategy delivers strong returns while Italian rival UniCredit is preparing to control.

(5) Germany’s Leipzig-Halle airport, a major hub for transporting cargo and military equipment, temporarily suspended flights after an armed drone was found overnight and a cargo plane collided in midair with a small, unidentified object.

(6) FIFA said Wednesday it had apologized for errors made over Gianni Infantino’s failed plan to sell stakes in the World Cup and that senior staff in attendance at a crisis meeting in Morocco “reaffirmed their full support” for his presidency.

(7) As President Vladimir Putin’s full-scale invasion of Ukraine extends for a fifth year, Russian businesses can no longer afford to keep pace with the Kremlin’s war machine in the wage race.

Podcast Conversation: Come to Edinburgh and Eat … Gelato

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) SpaceX’s stock fell after it disclosed higher-than-expected spending on its artificial intelligence business, overshadowing an inaugural quarterly report that broadly surpassed Wall Street forecasts.

(2) Advanced Micro Devices Inc. tumbled in late trading after giving an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.

(3) Artificial intelligence models developed by OpenAI and Anthropic PBC carried out “unsanctioned” actions — including hacking a website and attempting to inject harmful code into software during safety testing — reinforcing fears that neither the creators nor seasoned researchers of these systems can predict their actions in testing.

(4) President Donald Trump discussed efforts to de-escalate US-Iran tensions with Qatar’s Emir Sheikh Tamim Bin Hamad Al-Thani in a call Tuesday, according to the Gulf state’s government. A White House official confirmed the call, but didn’t offer additional details.

(5) Former senior officials from the UK, France, Germany and Russia met in Vienna last month to explore potential conditions for peace talks to end Moscow’s war on Ukraine, according to people familiar with the matter.

Podcast Conversation: ‘Refrigerator for Humans’ in Japan Offers Summer Scorcher Relief

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) HSBC announced a fresh stock buyback and raised its cost-cutting target as it reported second-quarter earnings that beat estimates despite China’s crackdown on cross-border wealth flows.

(2) The Rhine River’s water levels dropped to the lowest in nearly 150 years as hot, dry weather grips Europe, threatening to disrupt a crucial route for transporting coal, fuel and industrial commodities across a large swath of the continent.

(3) President Donald Trump said his latest offer of talks is a “last chance” for Iran after he called off what he said was a major attack on the Islamic Republic.

(4) The Iran war's impact is unfolding across Asia and it's visible from space. Bloomberg Economics analysis of NASA satellite imagery found that nearly 60% of the land area in the region experienced abnormal declines in nighttime radiance since the conflict began.

(5) The EU will try to restore unity today at a meeting of home affairs ministers, after Spain's migrant crisis exposed deep divisions within the bloc.

(6) Treasury Secretary Scott Bessent’s call for the Federal Reserve to boost a facility that Japan can use to support its currency has put renewed attention on the ties between the two institutions, which typically operate at arm’s length.

(7) Apple is yet again challenging the UK government in court over its attempts to access the encrypted data of customers, including iPhone users, according to two people familiar with the matter.

Podcast Conversation: Americans Are Rethinking Their Love Affair With Plant Milks

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said new Iran talks would begin Monday afternoon after he called off a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia.

(2) The yen rallied sharply on Monday amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.

(3) The UK government has more than doubled the number of crime agency officers deployed to combat human smuggling in the past 18 months as it steps up efforts to stop the gangs behind illegal migration.

(4) The Spanish port of Ceuta over the weekend no longer looked like a city on edge, but residents were still rattled by the events of last week. Nearly all of the around 60,000 people who crossed have been returned to Morocco, but the humanitarian crisis has reignited a debate around immigration in Europe.

(5) AstraZeneca has explored an acquisition of Bristol Myers Squibb, a megadeal that would create one of the world’s largest drugmakers, according to people familiar with the matter.

(6) Two helicopters collided in Greece’s Attica region, as they fought to contain a wildfire sweeping through a mountainous coastal area bedecked with forests.

(7) The evidence suggests that devolution is no panacea. But studies from Harvard and the Organisation for Economic Cooperation and Development are backing up new UK Prime Minister Andy Burnham's central theory of putting power in the hands of regional governments.

Podcast Conversation: AI Adoption Is Dividing Friends, Families and Co-Workers

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the July jobs report in the U.S with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to some of the most consequential earnings releases of the year in Europe.
In Asia – a look ahead to key economic data for Vietnam in the week ahead, including numbers on consumer prices and trade.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Leopold Aschenbrenner's hedge fund, Situational Awareness, was forced to sell billions of dollars of technology investments that had rapidly lost value, as nervous banks began to demand more collateral for his trades.

(2) Anthropic said its artificial intelligence models breached three organizations during cybersecurity tests that went awry, a little more than a week after its chief rival, OpenAI, disclosed a similar incident.

(3) Apple tumbled in late trading after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.

(4) The yen gave up more of its intervention-driven gains after the Bank of Japan left interest rates unchanged, with traders turning their attention to whether Governor Kazuo Ueda can offer support for the currency at his press conference later Friday.

(5) UEFA, Europe’s football governing body, on Thursday approved a boycott of FIFA tournaments if President Gianni Infantino proceeds with his plans to sell stakes in a new commercial entity to investors.

Podcast Conversation: London’s Former Seats of Power Reopen as Luxury Hotels

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The message from the bond market was clear: For all of Federal Reserve Chairman Kevin Warsh’s tough talk about taming inflation, he’s in no rush to use the power of the central bank to do it. The Fed kept interest rates unchanged for a seventh straight month, prompting investors to dump 30-year Treasury bonds and send the yield up to nearly 5.23%, a 19-year high.

(2) The Bank of England is set to leave interest rates on hold as it sticks to a wait-and-see approach to navigate the wild swings in oil and gas prices.

(3) The US launched a new wave of strikes against Iran in response to attacks on American military bases in the Middle East, escalating a conflict that has spread across the region.

(4) Samsung posted a 250-fold surge in chip profits and now expects memory shortages to worsen next year, reflecting the relentless pace of a global AI infrastructure buildout.

(5) Meta Platforms gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn’t swiftly benefiting from its massive outlay on artificial intelligence.

Podcast Conversation: Once You’ve Heard ‘Luxury Voice,’ You Can’t Unhear It: Essay

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US said it intercepted an Iranian attack on military bases, ending a dayslong pause in fighting and increasing the risk of a return to full-blown war in the Middle East.

(2) SK Hynix earmarked at least $31 billion in capital spending this year after reporting a six-fold surge in quarterly profit, a record outlay that coincides with growing fears about overinvestment in AI capacity.

(3) An OpenAI artificial intelligence agent that breached systems at the startup Hugging Face Inc. earlier this month also compromised a customer of the technology company Modal.

(4) Firefighters in Spain and France are racing to contain wildfires threatening Madrid and Bordeaux as Europe’s fourth heat wave of the summer hinders efforts to bring the blazes under control.

(5) UEFA is considering a boycott of FIFA events, according to a person familiar with the matter, in a seismic rift between the most powerful governing bodies of football.
Podcast Conversation: Runners Splurge on $350 Shorts, $140 Moth-Hole Tees to Look Good

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A global selloff in semiconductor stocks deepened on Tuesday, as fresh signs of China’s progress in advanced chipmaking and mounting concerns over the artificial intelligence spending boom sparked another wave of selling across the sector.

(2) France and Spain are studying ways to pump money into regions hit by massive wildfires over the past week even before the conflagrations are fully contained.

(3) LVMH’s key fashion and leather goods unit, home to Louis Vuitton and Dior, barely eked out sales growth last quarter as the conflict in the Middle East deterred wealthy shoppers.

(4) Labour Members of Parliament warned Andy Burnham he will lose the support of his governing party if he approaches welfare reform with a focus on “punitive” cuts, as Britain’s new prime minister prepares to announce plans to alleviate rising youth unemployment.

(5) The UK shared its “Stone Cloak” technology capable of jamming Russian air defence systems with Ukraine as President Volodymyr Zelenskyy became the first foreign leader to visit Britain for talks with new Prime Minister Andy Burnham.

Podcast Conversation: Midlife Wants Comfort. Your Brain Wants Friction: Abby McCloskey

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) More than 300,000 people have fled their homes in towns and villages across France and Spain even as wildfires threaten the major cities of Madrid and Bordeaux, and as a new blaze erupted in the Vall d’Uixó region in Spain’s east.

(2) The US paused an almost two-week run of strikes against Iran for a second night while the Islamic Republic signaled it was refraining from any retaliatory attacks and held talks with Oman over the Strait of Hormuz.

(3) ⁠⁠Oil sank as the US and Iran paused strikes, easing tensions in the five-month-old conflict, even as the Houthis claimed attacks against Saudi targets and ship-tracking suggested flows remained constrained.

(4) The suspect in Saturday’s deadly van attack on Berlin’s LGBTQ pride event was shot dead early Sunday evening in a police operation in the German capital, city officials said.

(5) CXMT’s shares opened 472% higher in their Shanghai debut on Monday, making the memory chipmaker China’s largest onshore-listed company as investors flock to beneficiaries of the AI boom.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the next decision from the Federal Reserve and a preview of three tech stocks for the week ahead.
In the UK – a look ahead to the next monetary policy decision from the Bank of England.
In Asia – a look ahead to the next monetary policy decision from the Bank of Japan.

See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was pierced by the Supreme Court.

(2) President Donald Trump threatened to escalate strikes on Iran and said he’d hold the country responsible for any further attacks by the Yemen-based Houthis on ships in the Red Sea, as the widening Middle East war puts new strain on global energy supplies.

(3) Wall Street is growing increasingly concerned about the hundreds of billions of dollars Big Tech is spending on artificial intelligence just as the resurgence of the war in Iran clouds the global macroeconomic outlook.

(4) European Central Bank officials are prepared to raise borrowing costs in September unless the euro-zone inflation outlook improves markedly, people familiar with the situation said.

(5) Prime Minister Andy Burnham will open a new branch of 10 Downing Street in north-west England on Friday in an attempt to demonstrate his vision for devolving power away from London.

(6) When the Trump administration shut down USAID, officials rejected warnings that ending the agency's work would put lives at risk. Now, a Bloomberg investigation has linked an unfinished US-funded irrigation project in Kenya to the worst flooding one village has experienced in at least a decade.

(7) Adeel Khan is steering Barclays’ trading business through one of the trickiest balancing acts in the industry.

Podcast Conversation: Solo Diners Are the Face of 'Me-conomics'

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The Houthis, a militant group in Yemen who have been threatening to open another front in the Iran war, said they had targeted two oil tankers in the Red Sea.

(2) The European Central Bank will probably keep interest rates on hold on Thursday, buying time to assess the fallout of renewed fighting in the Middle East.

(3) The US and Saudi Arabia finalized a long-sought nuclear technology-sharing deal that could allow American companies to build reactors in the kingdom, but cracks the door open for the country to enrich its own nuclear reactor fuel.

(4) Alphabet set the tone for Big Tech earnings with a higher spending outlook that stoked concern the company will ditch fiscal discipline in the race to dominate artificial intelligence.

(5) Tesla’s profit tumbled despite a strong quarter for its automotive business, pressuring Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots.

(6) When OpenAI’s advanced artificial intelligence models breached AI startup Hugging Face’s internal systems last week, they spent mere hours carrying out a hack that would have taken a skilled human far longer, people familiar with the matter said.

(7) Hundreds of bankers moved to Paris incentivized by employers moving their European headquarters from Brexit Britain, while taking advantage of generous French tax breaks that last for as long as 8 years. Now, with those time-limited benefits set to start expiring, the question for some is whether it might be soon time to relocate again.

Podcast Conversation: Luxury Travelers Turn to Split Trips for City-and-Beach Getaways

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) New Prime Minister Andy Burnham has approved the use of British military bases by the US for what the UK calls defensive strikes against Iran, in a continuation of his predecessor Keir Starmer’s policy even as President Donald Trump ramps up his war.

(2) UK government borrowing costs are lingering around two-month highs as oil prices and fiscal jitters keep the market on edge. Both Britain's new prime minister and its new chancellor are stressing their commitments to fiscal discipline.

(3) To the latest earnings, and Spanish lender Santander has reported profits that beat estimates in the second quarter of just over 3.5 billion euros.

(4) Ukrainian President Volodymyr Zelenskyy dismissed Armed Forces commander-in-chief Oleksandr Syrskyi after nationwide protests calling for the top soldier’s ouster.

(5) Farm products are once again in the crossfire of trade tensions between China and the European Union. This time, the target isn’t French wine or Dutch cheese — it’s Peking duck.

(6) France passed legislation to restrict the use of social media for children under 15 years old, becoming the first major European country to do so in a move that may strain relations with US technology companies and President Donald Trump.

(7) Finland’s economy, which has barely grown since the financial crisis, is in a precarious position. While public debt has steadily increased since 2009, going largely to pensions, healthcare, education and social benefits, the private sector has struggled, leading to weak employment and low tax revenue. That has trapped the government in a vicious cycle: in order to bring down national debt, leaders have cut social benefits, which economists say could further chill the economy.

Podcast Conversation: AI Is Making the Job Search More Miserable

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Andy Burnham named former Defense Secretary John Healey to be his Chancellor of the Exchequer in a surprise move by the UK’s new prime minister that fueled speculation about a bigger increase in military spending.

(2) US President Donald Trump said he had a “very good conversation” with new UK Prime Minister Andy Burnham and that they would be meeting in the “not too distant future,” signaling potentially better ties after tensions with Burnham’s predecessor.

(3) The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy, further inflaming trade tensions between the two neighbors.

(4) US forces struck Iranian targets after President Donald Trump vowed Tehran “will pay” for killing three US soldiers, even as mediators proposed a new truce with the Middle East war widening further.

(5) Europe’s status as the planet’s fastest-warming continent is becoming a serious drag on its economic prospects.

(6) A Bloomberg Businessweek investigation has found that trades with characteristics often associated with insider activity have became more prevalent on Polymarket over the course of this year.

(7) One shipowner is attempting to coax crews to sail through the Strait of Hormuz by offering them an extra six months pay if they’re willing to cross the vital oil channel, offering seafarers a stark choice between large financial rewards and the risk of death.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Andy Burnham is set to become the UK’s seventh prime minister in just over a decade on Monday with a number of outstanding questions about who will be in his cabinet and the policy direction he will pursue.

(2) The Iran conflict continued to spiral over the weekend, with both sides trading attacks in the aftermath of an Iranian strike that killed two US service-members in Jordan and injured others.

(3) A diesel squeeze is playing out across Europe as a slew of major supply challenges coincide, according to Morgan Stanley, which flagged record refining margins in the region and slumping stockpiles.

(4) At least one person was killed in what Ukraine’s foreign minister called the largest ballistic missile barrage aimed at Kyiv since the start of the Russia’s invasion more than four years ago.

(5) Moonshot AI has told investors it’s preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China’s artificial intelligence capabilities and sent tech stocks reeling.

(6) Spain won its second World Cup title, defeating Lionel Messi’s Argentina 1-0 thanks to substitute Ferran Torres’ strike in extra time before a sold-out crowd in New Jersey.

(7) Ryan Fox wins the British Open with a birdie on the final hole.

Podcast Conversation: How to Buy a Dinosaur: The Money, Advisers and Caution Needed

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to new home sales data with a focus on three stocks for the week ahead.
In the UK – a look ahead to the UK preparing to usher in its 7th Prime Minister in 10 years.
In Asia – a look ahead to Japan Marine Day.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump devoted a prime-time address to reviving unsubstantiated claims that the 2020 election was stolen and raising doubts about the security of the upcoming midterms, turning his attention to a years-long grievance at a perilous moment for his presidency.

(2) Trump's renewed focus on America's biggest geopolitical rival comes as divisions continue to deepen within his own Republican base over the US-Israel war with Iran.

(3) The US launched fresh strikes against Iran as hostilities across the Middle East continued to escalate and shipping traffic slumped in the critical Strait of Hormuz.

(4) Japanese memory chipmaker Kioxia Holdings Corp.’s market capitalization halved in just a month since becoming the nation’s most valuable company, on growing concerns the AI-driven rally in the sector has gone too far.

(5) Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water. Burnham approaches the gates of Downing Street along a path littered with short-tenured former leaders whose support quickly evaporated on contact with the realities of reviving the UK economy.

(6) Netflix forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations.

Podcast Conversation: Are you an Iliad person or an Odyssey person?

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The global economy faces a renewed challenge if the conflict that’s choked the Strait of Hormuz isn’t resolved in a matter of weeks, said International Energy Agency Executive Director Fatih Birol.

(2) A measure of sterling’s strength rose to its highest level in a year on Wednesday following reports that incoming UK Prime Minister Andy Burnham will name Shabana Mahmood as his Chancellor of the Exchequer.

(3) Russian soldiers only live an average of 20 to 30 minutes on the battlefield because of Ukraine’s artificial-intelligence attack drones, CIA Director John Ratcliffe said on Wednesday.

(4) JPMorgan CEO Jamie Dimon said the risks raised by Anthropic PBC’s Mythos artificial intelligence model are a “real issue” that the US government is on top of now.

(5) The world's biggest hedge funds are tapping portfolio managers at smaller firms for ideas, paying for "buyside alpha" signals, and seeking out raw trading ideas from small managers.

(6) Europe's Coal Mines Claim Their Methane Emissions Have Plummeted. But Have They?

Podcast Conversation: The Line Outside Is Almost More Famous Than the Food

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US completed an additional round of strikes against Iran hitting dozens of military targets near the Strait of Hormuz and Iranian coastal areas.

(2) President Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz after US allies in the Gulf urged him to drop it.

(3) ASML lifted its annual sales forecast for the second time this year as a surge in artificial intelligence spending drives demand for the Dutch company’s chip-making machines.

(4) Bank of England Governor Andrew Bailey said Britain needs to prioritize economic growth and maintain fiscal discipline, in a thinly veiled warning to incoming Prime Minister Andy Burnham

(5) U-Test's brand ambassadors are online celebrities, including a former Welsh rugby player and an OnlyFans model, who promote the company's test kits for sexually transmitted infections and other health issues on social media. Some of U-Test's tests require medical knowledge and are labelled "for professional in vitro diagnostic use only", despite being marketed as "simple at-home tests" with instruction leaflets in dense technical language.

Podcast Conversation:These World Cup Tweets Show How AI Will Unite Us All

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The United States has carried out another round of strikes on Iran, after President Trump vowed to hit the country "hard". According to multiple reports, Trump has now formally notified Congress that the US is once again at war with Iran.

(2) President Donald Trump threw out a demand of a 20% reimbursement on cargo shipped through the Strait of Hormuz, or roughly $30 million on full supertankers carrying oil.

(3) Bond traders ramped up bets for a July interest-rate hike ahead of US inflation data and an appearance by the head of the Federal Reserve that stand to reinforce the need for action.

(4) The European Union failed to endorse a 21st sanctions package against Russia on Monday, putting the bloc at risk of undermining one of its key tools to restrict the Kremlin’s oil revenue.

(5) Rachel Reeves will issue a coded warning to the next Labour government by telling a City of London audience on Tuesday night that plans to boost the economy will only succeed with the support of financial markets.

(6) It was supposed to be a cargo of bananas from Latin America. What Spanish police found on the ship in the Mediterranean port of Algeciras instead were 13 tons of cocaine. The case is striking in how it alleges links to financiers with Wall Street connections, an Irish fintech trading crypto assets, luxury Dubai real estate and multiple offshore lenders.

Podcast Conversation: Scammers Are Being Scammed by Their Intended Victims Online

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US launched fresh missile attacks against Iran on Sunday in what has become a pattern of strikes and counterstrikes by Washington and Tehran as the two sides issued conflicting declarations over whether the Strait of Hormuz is open to shipping.

(2) This year’s record-breaking heat in central and western Europe has already caused close to 10,000 deaths across the UK, France, Spain and Germany, according research groups and government bodies in the affected countries.

(3) Andy Burnham, the UK’s presumptive next prime minister, is considering unveiling a bolstered budget later this year as allies and experts seek to persuade him to pursue a land tax, public control of utilities and a more ambitious devolution strategy.

(4) UK police said they arrested a suspect on Saturday on suspicion of the murder of former minister and Reform UK politician Ann Widdecombe

(5) Three prominent artificial intelligence developers released new models over the past week. They all promise to be more advanced, but their biggest immediate selling point may not be what they can do but how little they charge to do it.

(6) European foreign ministers will be grappling with the developments in the Middle East when they meet in Brussels this morning.

Podcast Conversation: Satisfying Wealth Books For Your Summer Reading List

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Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI and PPI data, along with a focus on three stocks for the week ahead.
In the UK – a look ahead to what lays ahead for the European Central Bank as it grapples with a uncertain inflation landscape.
In Asia – a look ahead to South Korea’s Constitution Day.

See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader.

(2) Technical talks between the US and Iran are continuing, according to a US official, following two days of clashes that threatened to shatter an already fragile ceasefire between the two nations.

(3) Europe’s third major heat wave this year is set to intensify and expand, extending from west to east over the coming week.

(4) Volkswagen plans to cut its sprawling model lineup by as much as 50%, a savings push that was unveiled after a closely-watched supervisory board meeting that stopped short of agreeing on deeper workforce reductions.

(5) As investors increasingly turn to artificial intelligence for help with everything from stock picking to risk management, JPMorgan Chase. has been testing whether a model can do something more ambitious: allocate money itself.

(6) A Ukrainian intelligence officer, who previously admitted to killing a woman linked to a bombing in Monaco, retracted his confession and shifted the blame to another defendant as their bail hearing opened in Kyiv

Podcast Conversation: CoverGirl Stops Chasing Gen Z to Focus on Middle-Aged Women

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal.

(2) Oil extended a surge as the US struck targets in Iran for a second day, raising risks for energy supplies from the Middle East.

(3) Russia announced a short-term ban on diesel exports, causing global prices for the fuel to surge to multi-year highs, as a wave of Ukrainian drone attacks leads to domestic shortages.

(4) The European Union will allow governments to include nuclear power as one of the categories of energy spending that qualify for greater flexibility under the bloc’s strict budgetary rules.

(5) Nigel Farage intended his shock decision to quit Parliament and seek reelection in his coastal seat as a demonstration of political strength. But a man wearing a trash can could end up showing the depth of antipathy to the Reform UK leader.

(6) The UK has seen three summers of anti-migrant protests which have turned to violence -- in Belfast in Northern Ireland and in Southampton, following the death of Henry Nowak. Anger and resentment is being manipulated online and weaponized -- and authorities are struggling to address the real world impact.

Podcast Conversation: Inflammation Has Become the Wellness Industry's Latest Buzzword

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US forces completed a round of offensive strikes against Iran, according to a post on X by Central Command.

(2) The UK, France and Germany have launched a $50 billion NATO initiative to spur the development of long-range weapons without US involvement, aiming to close the gap in an area where Russia is well ahead.

(3) Greenland “should be controlled by the United States,” President Trump says ahead of a meeting with NATO leaders.

(4) Nigel Farage’s shock decision to quit as MP so he can fight again for the seat he won two years ago puts the poll-topping Reform leader back where he’s happiest: at the center of Britain’s attention.

(5) Marine Le Pen, France’s far-right leader for two decades, intends to make her fourth presidential run even after an appellate panel ordered her to wear an electronic-monitoring device when it upheld her conviction for misusing public funds.

Podcast Conversation: UK Economy Needs an England World Cup Win: Andrea Felsted

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz on Monday night, Axios reported, testing a late-June deal with the US to halt attacks as the two sides work toward a peace agreement.

(2) Asian equities fell as renewed selling in technology stocks deepened concerns that the AI-driven rally may have run ahead of itself.

(3) The outcome of Marine Le Pen’s appeal of her conviction for embezzling public funds could shape French and European politics for years.

(4) A fledgling rebound in European defense stocks faces a test this week, as investors look to a NATO summit for further clarity on member states’ defense spending plans.

(5) Andy Burnham, Britain’s likely next prime minister, faces competing advice from within his own camp on how to respond to the UK’s cost-of-living crisis, as he rushes to finalize his plans for government ahead of a Labour Party’s leadership contest he’s set to win.

(6) Team USA’s run in the World Cup came to an end on Monday as it failed to make the quarterfinals, while outrage over FIFA’s decision to allow striker Folarin Balogun to play continued to simmer.

Podcast Conversation: The World’s Most Romantic Destinations Are Becoming Family Playgrounds

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On today's podcast:

(1) Russia launched waves of missiles and drones targeting Kyiv overnight into Monday that killed at least seven people, authorities said, hours after Ukraine’s president warned that another large-scale attack was imminent.

(2) The world must urgently develop guardrails to contain the threat posed by artificial intelligence, Britain’s foreign secretary is set to warn.

(3) The world must urgently develop guardrails to contain the threat posed by artificial intelligence, Britain’s foreign secretary is set to warn.

(4) Donald Trump’s war against Iran may be over, but the repercussions for global monetary policy are here to stay.

(5) Oil and gas shipping along a US-protected corridor in the Strait of Hormuz showed signs of recovering Sunday, a day after a batch of vessels performed unexplained U-turns and detours in the vital energy corridor.

Podcast Conversation: The Supertanker Tycoon Making Millions on Hormuz Shuttle Runs

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – we look at the potential impact of AI on the labor market
In the UK – we preview the upcoming NATO summit in Turkey
In Asia – we discuss inflation in China ahead of new economic data

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Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Wall Street is kicking off the second half of 2026 with fresh conviction: shrugging off one shock after another, markets are set to grind even higher.

(2) President Donald Trump and his allies are renewing a push to reshape the Federal Reserve after the Supreme Court this week blocked an effort to fire Governor Lisa Cook.

(3) The top US commander for Europe and Africa stepped down on Thursday, following through on a plan that caught military leaders by surprise and sending another signal that the Trump administration wants to scale back its defense commitment to the continent.

(4) Andy Burnham said he would increase business rates on warehouse-based companies in order to lower costs for high street shops and bars as he set out details of what he would do if he continues on his path to becoming the next prime minister.

(5) Spotify has asked Kalshi and Polymarket to remove its logo and clarify that neither company has a partnership with the streaming service after it identified users manipulating rankings that are tied to prediction market bets.

Podcast Conversation: NYC Summer of Fun Now Looks Set to Add Taylor Swift’s Wedding

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A global selloff in chip stocks is rippling through Asian markets, reviving concerns that the AI rally has gone too far, too fast. South Korean stocks slumped as Meta Platforms’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers.

(2) Apple is in negotiations to purchase chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced the company to raise prices across its product line.

(3) The US floated the idea of granting political and economic benefits to NATO allies that spend more on defense, raising the prospect of a two-tier alliance just before leaders gather for an annual summit.

(4) Chancellor Friedrich Merz’s coalition reached an agreement on a set of reforms for Germany’s pension system, labor market and income tax, according to officials familiar with the deliberations.

(5) Bank of England Governor Andrew Bailey cautioned that it is too early to consider interest-rate cuts, warning households are yet to feel the full effect of the Iran war.

(6) Harry Kane revelled in having his “hero moment” as he saved England from a humiliating World Cup exit to the Democratic Republic of Congo.

(7) Near a windswept beach off the southern coast of Australia lies a weirdly accurate indicator of global conflict.

Podcast Conversation: Halifax to Rebrand to Lloyds, UK Bank Confirms

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Ireland takes over the EU Presidency today, at a moment when its policies on technology and defense are under scrutiny.

(2) The US government removed foreign access restrictions on Anthropic PBC’s Fable 5 artificial intelligence model, clearing it for wider distribution after the startup resolved the Trump administration’s safety concerns.

(3) President Donald Trump reported earning at least $1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure.

(4) US negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official, as the countries seek to ease tensions in the wake of recent attacks that imperiled an already fragile ceasefire.

(5) The Spanish government is set to grant residency permits to more than 1 million undocumented migrants, double the number that was projected when a mass regularization program was announced in April, according to a person familiar with the matter.

(6) Thousands of people joined anti-migrant protests in South Africa yesterday, in a culmination of weeks of demonstrations around the country.

Podcast Conversation: Wearing Shorts to Work? That Should Be OK in 2026

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Europe is becoming less vulnerable to outside shocks thanks to a better financial framework and progress on the green transition, Christine Lagarde said.

(2) The European Union and China set an October deadline to make progress on trade disagreements, as tensions rise between the two economic powers.

(3) A top Iranian official reiterated the country’s determination to maintain control over maritime traffic moving through the Strait of Hormuz, raising the stakes ahead of fresh negotiations with the US on ending their war for good.

(4) The Supreme Court has handed President Donald Trump sweeping power to bend much of the federal regulatory state to his will, a major expansion of executive branch influence that will enable him to fire the heads of independent agencies that police markets, protect consumers and enforce workplace rules.

(5) WhatsApp will let the messaging service’s 3 billion global users select a username for their account, a change meant to increase privacy by letting people connect on the platform without having to share their phone number.

Podcast Conversation: The New Etiquette for Navigating AI Notetakers

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran have agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce.

(2) Russian President Vladimir Putin said fuel supply problems persist for motorists and businesses, including queues at gas stations, as Moscow weighs measures to stabilize the domestic market after refinery outages.

(3) Britain has scrapped plans to replace its aging warships with a new destroyer and will instead procure at least six so-called common combat vessels as it seeks to prepare the military for modern warfare.

(4) Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as prime minister.

(5) China can endure a further deterioration — or even a freeze — in economic and trade ties with the European Union if talks are treated as a mere formality, according to Yuyuantantian, a social-media account affiliated with China Central Television.

(6) Wall Street banks are capitulating on bets for a stronger euro, as markets see the US outpacing Europe on interest-rate hikes for the rest of this year.

Podcast Conversation: A Prada Sandal Dispute Tests India's Bid to Protect Its Culture

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the U.S June jobs report with a focus on three stocks for the week ahead.
In the UK – a look ahead to this year’s Wimbledon tournament.
In Asia – a look ahead to key readings on growth and inflation for Vietnam's economy.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Global stocks slumped to a two-week low as the tech sector came under renewed pressure after a drop in Apple’s shares and a report that OpenAI may delay its IPO. South Korea’s chip-heavy Kospi plunged, triggering a second trading suspension this week.

(2) A ship was hit by an unidentified projectile in the Strait of Hormuz on Thursday in the first reported attack since an interim US-Iran peace deal, marking a setback to efforts to restore traffic through the vital energy thoroughfare.

(3) Screams and groans echoed from beneath piles of concrete and bricks during the early morning hours on Thursday as residents searched for survivors in the coastal city of Catia La Mar, where rescue teams had yet to reach several collapsed buildings nearly 10 hours after twin earthquakes struck Venezuela.

(4) King Charles and Prince William disclosed their personal tax obligations for the first time in their current roles in an attempt to increase the transparency of the British monarchy’s finances.

(5) The heat wave searing much of Europe is officially the most severe ever recorded in the region, according to study published on Friday.

(6) Naples is leading a regional economic revival in Italy, showing how European Union cash and investments in technology and infrastructure can drive growth in unexpected parts of Europe.

Podcast Conversation: Inside the Kitchen Feeding 100,000 Airline Passengers a Day

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Britain’s next prime minister must not pile more pressure on companies with further tax rises, one of the country’s largest business lobby groups has warned.

(2) Influential figures in Andy Burnham’s entourage have urged the would-be prime minister to break up the Treasury to refocus the government’s agenda on growth.

(3) NATO Secretary General Mark Rutte played to President Donald Trump’s love of praise and splashy visuals during a visit to Washington that was aimed at easing the US leader’s anger over alliance nations’ reluctance to help with the campaign against Iran.

(4) Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong.

(5) A searing heat wave continues to disrupt schools, transport and tourist attractions across Europe.

(6) Key parts of the oil market are suddenly awash in supply, as a stream of cargoes out of the Strait of Hormuz accelerates after the US-Iran agreement to open the waterway.

(7) Brazilian forward Vinicius Junior scored twice yesterday evening as his country booked their place in the World Cup knockout stage.

Podcast Conversation: Tokyo Wants You to Wear Shorts to Work. Say No

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The UK’s grid operator issued a rare summer power supply warning for Wednesday evening as soaring temperatures put stress on the energy system. Bloomberg Opinion's Lara Williams joins us to discuss her latest piece Welcome to the Heat Dome’s Recurrent Dangers

(2) Global stocks failed to hold onto early gains following Tuesday’s tech-led rout, as a fresh bout of selling weighed on the sector ahead of highly anticipated results from memory chipmaker Micron Technology

(3) President Donald Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress.

(4) Italy’s Foreign Minister Antonio Tajani sought to mend fences with the US, saying the two countries should work to de-escalate tensions after a spat between President Donald Trump and Premier Giorgia Meloni.

(5) England and Ghana play to 0-0 draw at World Cup despite flurry-filled final minutes

Podcast Conversation: The Best Movies, TV, Books, Art and Theater Arriving in July

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Andy Burnham appears set to become the UK’s seventh prime minister in a decade after Keir Starmer laid out a timeline for his own departure and potential rivals backed a quick transition to the popular Manchester politician.

(2) Starmer entered Downing Street less than two years ago, as the US president headed toward a second term. And he will leave later this summer as yet another short-lived British prime minister who failed to come to terms with the world Trump forged.

(3) SpaceX shares slipped for a third straight day, shedding hundreds of billions of dollars in market value, after the Elon Musk-led company said it is selling investment-grade bonds for the first time, part of what’s expected to be a massive borrowing spree to fund its artificial-intelligence ambitions.

(4) The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.

(5) The German and French governments are set to hold equal stakes in KNDS NV, one of Europe’s most important defense companies, as it gears up for an initial public offering in the near future.

Podcast Conversation:How Bosses Psych Themselves Up for Their Biggest Moments

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Allies of Keir Starmer expect him to set out a timetable for his departure as UK prime minister imminently, putting Britain on course for its seventh premier in a decade and paving the way for Andy Burnham to replace him.

(2) The pound traded near this year’s low on expectations Keir Starmer will set out a timetable for his departure as UK prime minister in coming days.

(3) Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend even after Iran claimed to have closed the waterway again, as Washington and Tehran offer contrasting narratives over the status of the world’s most important shipping chokepoint.

(4) France endured sizzling temperatures on Sunday, with trains, concerts and sports events canceled and authorities cracking down on drinking alcohol in public, as an exceptional heat wave unfurled across parts of Europe.

(5) Wealth managers keen to stay relevant in the age of artificial intelligence may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the next U.S PCE and GDP data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to London Climate Action Week.
In Asia – a look ahead to Australia CPI data.
Stuart Paul, US Economist with Bloomberg Economics, previews U.S PCE and GDP data.
Avalon Pernell, Bloomberg Equities Reporter, focuses on 3 stocks for the week ahead.
Joe Wertz, Bloomberg Weather and Climate Reporter, to preview London Climate Action Week.
Olivia Rudgard, Bloomberg Green reporter, to preview London Climate Action Week.
James McIntyre- Bloomberg Economist Covering Australia and New Zealand, previews Australia CPI data.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Greater Manchester mayor Andy Burnham won a decisive victory for the ruling Labour party in a by-election that delivers him a seat in the UK parliament and with it a pathway to challenge Prime Minister Keir Starmer for his job.

(2) British policymakers declared that the business world could fend for itself during Brexit. History suggests they were partly right, but the underlying story, however, is more complicated as the missed opportunities of a lost decade start to stack up.

(3) The pound is set to face growing pressure as its recovery from the post-Brexit selloff has made it the most overvalued currency among major peers, according to Goldman Sachs.

(4) Vice President JD Vance will not depart Thursday night for face-to-face negotiations with Iran in Switzerland, the White House said, as the US and Iran begin a 60-day countdown to reach a nuclear agreement and a more permanent peace deal.

(5) Dutch chip-equipment giant ASML Holding NV is contending with its biggest challenge yet under the Trump administration: In a series of recent meetings, Commerce Secretary Howard Lutnick outlined concerns to ASML’s senior leaders that one of its top-of-the-line machines may have made its way into China, in violation of US-led export restrictions.

(6) Lithuanian President Gitanas Nauseda said the European Union shouldn’t rush into peace talks with Russia, distancing himself from recent EU efforts to engage Vladimir Putin.

Podcast Conversation: Why Guinness Keeps Growing While Beer Sales Worldwide Fizz Out

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump and his team had several red lines that they used to justify the US war against Iran. At a press conference on Wednesday, Trump largely brushed them aside.

(2) Hosting his very last Group of Seven summit, Emmanuel Macron needed every base covered to make sure it was a success and he came prepared, even for a surprise at the end.

(3) It didn’t take Kevin Warsh long to get the bond market’s attention. In his first press conference as the Fed chair, Warsh again and again emphasized the Fed’s commitment to getting inflation under control.

(4) The Bank of England is expected to hold interest rates on Thursday as inflation proves less of a threat than feared and energy costs fall on hopes for an end to the conflict in the Middle East.

(5) Harry Kane scored twice to equal the English record for World Cup goals, and Jude Bellingham put England in front for good two minutes into the second half of a 4-2 victory over Croatia on Wednesday.

(6) While Europe has fallen behind the US and China in consumer AI, it has a deep trove of production and manufacturing data and expertise from an industrial sector stretching back more than a century.

Podcast Conversation: Middle Management Is Getting an Overhaul in the Age of AI

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Iran is set to receive broad financial incentives as part of its agreement with the US, including the right to sell oil immediately, tap a $300 billion development fund and get eventual access to its frozen assets, according to a final draft of the deal.

(2) European Central Bank officials are signaling that a US-Iran peace accord won’t necessarily stop them lifting interest rates further, even if it prevents a more pronounced overshoot in inflation.

(3) Federal Reserve policymakers are expected to hold interest rates steady on Wednesday, posing an early test for new chairman Kevin Warsh as rising inflation erodes households’ purchasing power and President Donald Trump continues to press for lower borrowing costs.

(4) SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com in value to become the fifth-largest stock in the world.

(5) HSBC said it will use Alphabet’s Google Cloud to roll out artificial intelligence across its global operations, including through projects that can each generate more than $100 million in extra revenue or savings.

(6) When Rupert Lowe was ejected from Reform UK in early 2025 over alleged bullying and threatening behavior, party leader Nigel Farage thought he was cutting loose a liability. Instead, he created one of a different kind.

Podcast Conversation: Sam Altman’s Career Coach Teaches AI Bosses ‘Emotional Clarity'

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US President Donald Trump keeps repeating that the Strait of Hormuz — through which one fifth of the world’s oil and liquefied natural gas supplies normally flow — will reopen by Friday.

(2) The UK said it would impose fresh sanctions on Russia and extend further energy support to Ukraine, as Prime Minister Keir Starmer and his European allies seek to increase pressure on Vladimir Putin and encourage US President Donald Trump to push for new peace talks to end the conflict.

(3) Swiss voters are more inclined to back closer ties with the European Union than reject it, a poll showed in the wake of a plebiscite that had threatened to upend the relationship.

(4) China’s consumer spending and investment slumped to levels unseen since the pandemic, exposing risks still facing the economy even as it benefits from a deescalation in tensions around Iran while exports boom.

(5) SpaceX shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.

(6) Andy Burnham, the prime ministerial-hopeful who markets worry may be too far to the Left, has at least one economic idea that should go down well across the political spectrum: reverse deindustrialization.

Podcast Conversation: Polymarket Traders Clash Over $345 Million Iran Peace Market

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of Tehran’s nuclear program.

(2) Oil sank after the US and Iran agreed to an interim deal to end their months-long war, potentially allowing the Strait of Hormuz to reopen and easing a supply crunch that has rattled global energy markets.

(3) “We are prepared to lift relevant sanctions in response to clear, verifiable steps by Iran on its nuclear programme,” according to a joint statement from the leaders of the UK, France, Germany and Italy.

(4) The Iran war has produced an unusual sight on the Bank of England’s rate-setting panel: unity. Economists don’t expect it to last.

(5) Artificial intelligence is pulling the global labor market in two opposite directions, rewarding companies that use AI to enhance human skills, while leaving those who use it merely to cut costs further behind, a new study suggests.

(6) Keir Starmer will start a crucial week for his premiership by announcing a package of strong restrictions designed to protect British teenagers from online threats.

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the next FOMC decision, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to a high stakes UK election and Bank of England decision.
In Asia – a look ahead to a monetary policy decision from the Bank of Japan.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) SpaceX has made history with the biggest-ever IPO, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world’s first trillionaire.

(2) Defense Secretary John Healey quit the UK government after a months-long spending row with the Treasury came to a head, in a move that dramatically dents Prime Minister Keir Starmer’s authority just as rivals are lining up to challenge for his job.

(3) President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure.

(4) European Central Bank Governing Council member Primoz Dolenc said Thursday’s interest-rate increase was necessary to keep prices in check while officials consider the broader implications of conflict in the Middle East.

Podcast Conversation: The Hottest Gen-Z Tech Trend? Anti-AI: Catherine Thorbecke

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Caught between a more confrontational United States and growing competition from China, the European Union faces mounting pressure to boost growth, strengthen competitiveness and preserve its global influence.

Ahead of the G7 summit, Bloomberg has been speaking with policymakers, investors and economists about Europe's path forward. In this special podcast, Stephen Carroll draws on conversations with former European Commission Executive Vice-President Margrethe Vestager, Columbia University's Anu Bradford and Citadel's Angel Ubide, alongside reporting from Bloomberg's Brussels Bureau Chief Suzanne Lynch, and exclusive Bloomberg Economics analysis from Chief Euro Area Economist Simona Delle Chiaie. They examine whether Europe is finally ready to deliver the reforms it has long discussed.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Europe is shaking itself awake. Ten years after Brexit, the European Union is finally, fitfully advancing fundamental changes meant to preserve its wealth and influence.

(2) The US military launched strikes against “multiple” targets in Iran for the second straight day after President Donald Trump accused the country of dragging out talks on an interim peace deal.

(3) Protestors have clashed with police in Belfast overnight, as UK politicians blame extremists online and Elon Musk for promoting unrest.

(4) Microsoft co-founder Bill Gates told a House panel investigating the late financier Jeffrey Epstein that his meetings with the sex offender were “a grave error in judgment.”

(5) OpenAI said a group of ChatGPT accounts with ties to China have sought to stir up local opposition to data centers in the US in a potential bid to hinder the country’s competitiveness in artificial intelligence, echoing recent rhetoric from others in the tech industry.

Podcast Conversation: Brides Are Hiring Witches to Save Their $100,000 Wedding Days

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US forces carried out strikes against Iran hours after President Donald Trump blamed Tehran for shooting down an American military helicopter off the coast of Oman.

(2) Oil rebounded after the US launched fresh strikes against Iran following the downing of an American helicopter, posing a new threat to a fragile truce that’s been tested by recent attacks in the Middle East.

(3) A man is set to appear in court charged with attempted murder over a stabbing attack following a night of violence in Belfast.

(4) UK Prime Minister Keir Starmer is preparing to announce a ban on under-16s using social media within days after his position hardened following parents’ response to a government consultation.

(5) The prospect of billions of dollars of oncoming demand for SpaceX stock from index-tracking funds risks creating a feedback loop that drives the shares of Elon Musk’s company even higher, academics and market observers have warned.

Podcast Conversation: Britain’s Garden Habits Are Making Their Homes Harder to Insure

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) OpenAI, the maker of ChatGPT, filed confidentially for an IPO, joining artificial intelligence rivals in tapping public markets to fund ambitious growth plans.

(2) Investors should exercise caution regarding US stocks as an increasing number of “bear market signposts” point to an approaching top, according to Bank of America Securities.

(3) Apple said it isn’t currently able to launch Siri AI, its redesigned digital assistant, on iPhones, Apple Watches or iPads in the European Union, marking the company’s latest standoff with the continent’s antitrust watchdog.

(4) Iran and Israel agreed to ease strikes against each other after a flare-up in violence threatened to derail peace negotiations and led President Donald Trump to appeal for de-escalation.

(5) The Bank of England raised concerns to Reform UK and social media platforms over a barrage of bizarre online posts using fake images of the party’s leader Nigel Farage fighting Governor Andrew Bailey, a person familiar with the matter said.

Podcast Conversation: Consumers Who Can't Quit Caffeine Completely Find More Options

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Israel said it struck several military targets in Iran, retaliating against missile attacks by Tehran despite President Donald Trump’s call for Prime Minister Benjamin Netanyahu to refrain from hitting back.

(2) The global airline industry will suffer a sharp profit drop this year, bringing in only about half the collective earnings previously predicted, as fuel costs and the war in Iran take their toll on air travel, the main aviation federation said.

(3) A euro-zone interest-rate hike in the coming week is set to place the European Central Bank at the vanguard of global tightening caused by the Iran war.

(4) European leaders called on Russian President Vladimir Putin to agree to an immediate and complete ceasefire that allows talks to begin on a lasting peace deal.

(5) A UK poll shows that a new Brexit referendum would reverse the vote that led to Britain’s departure from the European Union a decade ago.

Podcast Conversation:Diplomacy in the Age of AI: Karishma Vaswani

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI and PPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to London tech week.
In Asia – a look ahead to China PPI and CPI data.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Ukrainian President Volodymyr Zelenskyy proposed peace talks to Russian leader Vladimir Putin in a rare and combative open letter on Thursday, as efforts to end more than four years of war gained momentum.

(2) There was no sign of progress in ceasefire talks between the US and Iran after the worst burst of violence in weeks and as the Tehran-backed Hezbollah militia on Thursday rejected a US-brokered truce in Lebanon.

(3) US equity-index futures declined along with Asian stocks as enthusiasm for the artificial-intelligence trade cooled after driving markets to record highs this year.

(4) Greater Manchester Mayor Andy Burnham confirmed for the first time his intention to challenge Keir Starmer to be Britain’s prime minister, drawing immediate criticism from the premier who vowed not to walk away from the job.

(5) UBS Group AG Chief Executive Officer Sergio Ermotti said he worries about Switzerland’s proposed population cap initiative, saying this is not a solution to the country’s problems.

Podcast Conversation: How Two Primary Bedrooms Became a Luxury Necessity for Better Sleep

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US said Israel and Lebanon agreed to a ceasefire if Hezbollah also stops fighting, the latest attempt by the Trump administration to keep peace talks with Iran on track as political opposition to the war intensifies.

(2) The Republican-led House voted to halt the US war with Iran, breaking with President Donald Trump on an unpopular foreign conflict that is taking an escalating economic toll on Americans.

(3) A group of Ukraine’s key European allies are working on plans with Kyiv to engage Russia in negotiations to end the war as they see a shift in momentum strengthening President Volodymyr Zelenskyy’s position.

(4) UK Business Secretary Peter Kyle warned his Labour colleagues against pursuing redistribution of wealth without first prioritizing economic growth, as the party faces a potential tilt to the left if Keir Starmer is replaced as prime minister.

(5) Some members of the billionaire Glazer family have been debating whether to sell their stake in Manchester United FC, after more than 20 years of ownership that has often been blighted by fan protest, people familiar with the matter said.

Podcast Conversation: NeeDoh Squishy Craze Sparks Shortages, Resales and Parent Frenzy

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US is proposing new tariffs of at least 10% on imports from 60 trading partners following an investigation into goods allegedly produced by forced labor, as President Donald Trump seeks to rebuild the sweeping tariff wall struck down by the US Supreme Court.

(2) The EU will set out on Wednesday how the 27-country bloc hopes to slash its dependence on American and Asian technology, and favour European digital alternatives.

(3) British members of parliament are calling on the government to end a major deal with Palantir Technologies Inc. and disclose more details of a military contract with the company, as UK political tension involving the controversial data firm ramps up.

(4) SpaceX aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion ⁠initial public offering, Reuters reported, citing an unidentified person familiar with the matter.

(5) A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway.

(6) Vitol’s top executive in the Middle East said that many Western governments still aren’t reckoning with the oil supply crunch that’s rippling around the world due to the blockade of the Strait of Hormuz.

(7) Revolut is aiming for a near-$200 billion initial public offering within the next two years, which could hand its founder and CEO Nikolay Storonsky around $76 billion in stock.

Podcast Conversation: Fish, Foxes and Frogs Shortlisted to Oust Churchill on UK Cash

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump and Israeli Prime Minister Benjamin Netanyahu offered differing accounts of a call about the fighting in Lebanon, as the US struggled to get efforts toward an Iran peace deal back on track.

(2) The European Commission is weighing plans to grant member states additional fiscal flexibility to cope with the impact of high energy costs due to the Iran War, according to people familiar with the discussions.

(3) Senior government officials have warned Russian President Vladimir Putin that spending on the war in Ukraine is on an unaffordable path, the most serious sign of internal division in Moscow since the full-scale invasion began.

(4) Google parent Alphabet is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway, as the company races to fund its ambitious artificial intelligence spending plans.

(5) Britain was still grappling with the explosion of government debt accumulated during the Napoleonic Wars and the industrial revolution was beginning to transform the world. In 1834, the UK had 90 taxes in place with duties on everything from servants to stage coaches.

(6) UK Sotheby’s International Realty has been the talk of London’s luxury property market over the past three years. But alongside the firm’s rapid expansion sit allegations of harassment and bullying from current and former employees, revealed by Bloomberg for the first time.

Podcast Conversation: McDonald’s Growth Plan Calls for Fancier Chicken, Airier Stores

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Stocks rose to a record as investors doubled down on the artificial intelligence trade that’s powered equities to all-time highs. Oil climbed as a US-Iran ceasefire deal remained elusive.

(2) The US and Iran traded messages over the weekend seeking changes to a draft agreement that would extend a ceasefire and open the Strait of Hormuz, but it was unclear whether the sides were making much progress.

(3) Europe is rushing to rearm but needs time and clarity from the US to do so, Germany’s Chief of Defense Carsten Breuer said in an interview with Bloomberg TV on the sidelines of the Shangri-La Dialogue defense conference.

(4) Andy Burnham, the Greater Manchester mayor who wants to replace Keir Starmer as UK prime minister this summer, has left open the possibility that he could call an early general election if he wins power.

(5) Congo’s Ebola outbreak is being detected across a widening swath of the country’s conflict-hit east as health authorities struggle to trace exposed contacts and determine the true scale of the epidemic.

Podcast Conversation: Hands Are Physical AI's Anti-Hype Test: Catherine Thorbecke

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the May jobs report, along with a focus on three stocks for the week ahead.
In the UK – a look ahead to what comes next in the Ukraine war following fresh EU funds to Ukraine.
In Asia – a look ahead to Australia GDP data.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a person with knowledge of the matter said, raising hopes the three-month conflict could be nearing a resolution.

(2) Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX.

(3) Anthropicraised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time.

(4) European Commission officials are planning to meet with Anthropic to seek more information on the company’s Mythos model and request making the groundbreaking artificial intelligence tool available to the bloc, according to people familiar with the matter.

(5) Andy Burnham, who is seeking to become the UK prime minister this summer, said a government led by him would increase regulations on technology companies and intervene more widely in the economy.

Podcast Conversation: Men Are Spraying Themselves 100 Times in New Fragrance Frenzy

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.

(2) Federal Reserve Bank of Chicago President Austan Goolsbee repeated that increased investment and spending due to a projected surge in future productivity growth may be inflationary and require higher interest rates from the US central bank.

(3) The European Central Bank should take a close look at how badly the Iran war is weighing on the economy when it decides whether to raise interest rates next month, according to Vice President Luis de Guindos.

(4) A surge in UK youth unemployment risks creating a “lost generation,” according to a government-commissioned review that said urgent action is needed to correct a “whole-system failure.”

(5) President Volodymyr Zelenskyy rebuffed the idea of Ukraine getting partial membership of the European Union, arguing that his country deserves to be granted full status because its forces are defending all of the bloc from Russia.

Podcast Conversation: The $300 Per Month Gym Membership Is Becoming Gen Z’s Night Out

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) China has been slow-walking approval of Airbus SE plane deliveries to signal impatience with how long European regulators are taking to certify Chinese-made aircraft, according to people familiar with the matter.

(2) The UK and other western nations are running out of time to maintain their technological edge over China, the UK’s top cyber spy is set to warn Wednesday, urging businesses to work with intelligence officials in order to stay ahead.

(3) The US is touting progress toward a peace deal with Iran to end the nearly three-month war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz.

(4) Former BP Chairman Albert Manifold pushed back against what he described as a “false narrative” surrounding his surprise departure from the British supermajor.

(5) The breakneck surge in memory-chip stocks is intensifying, sending the market capitalizations of SK Hynix Inc. and Micron Technology Inc. above $1 trillion for the first time, as investors bet the AI boom will lead to a sustained revaluation of the industry.

(6) Former Labour Prime Minister Tony Blair criticized the party he once led for “playing with fire” in its attempt to oust current premier Keir Starmer, while also slamming the government for lacking a clear agenda.

(7) Switzerland will vote on a plan to cap its population at 10 million people in June. It's being a called a "Sustainability Initiative" rather than an anti-immigration policy, after decades of surging population growth. But, the country's biggest companies are worried about where they'll get workers.

Podcast Conversation: Anthropic’s Latest AIs Are Making Customers Uneasy

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US and Israeli jets struck Iranian vessels in the Strait of Hormuz and other targets, hours after President Donald Trump had suggested negotiations with Tehran over an interim deal were progressing.

(2) Israel will intensify its strikes against Hezbollah, Prime Minister Benjamin Netanyahu said Monday, amid stepped-up negotiations between the US and Iran to bring an end to the conflict in the region.

(3) Bloomberg Economics has found that find that 27% of workers in advanced economies — more than 120 million in the 31 countries — are likely to be meaningfully affected by AI. That's as Pope Leo XIV said artificial intelligence should be “disarmed” to protect humanity from its dangers.

(4) Ebola is spreading faster in Democratic Republic of Congo than responders can contain it, the World Health Organization warned, as suspected deaths climbed above 220 and treatment centers came under attack in the country’s conflict-hit east.

(5) The first heat wave of the season continues to scorch Europe over the coming week, sending temperatures toward monthly records in the UK, France and Spain.

(6) Israel's economy slumped in the first quarter of the year due to the fallout of the war with Iran. The country has been in a near constant state of conflict over the past 2 years. It is seeing a brain drain, falling foreign direct investment and ballooning defense budgets -- all as Israel prepares to hold elections by October.

Podcast Conversation: Swiss Trader Had Lucrative Role Getting Iraqi Oil Through Hormuz

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On this special Memorial Day edition of Bloomberg Daybreak - hosted by Nathan Hager.

We look at the challenges ahead for new Fed Chair Kevin Warsh with Bloomberg News International Economics & Policy correspondent Michael McKee and Anna Wong, Chief US Economist with Bloomberg Economics
We preview Costco and Best Buy earnings with Bloomberg Intelligence Analysts Jenn Bartashus and Lindsay Dutch
And as we we kick off the unofficial start of summer, we will tell why this could be one of the most expensive Memorial Days on record. We break it all down with Bloomberg's Julia Fanzeres and Mark Niquette

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S PCE and personal spending data, along with a focus on three stocks for the week ahead.
In the UK – a look ahead to the Reykjavík Economic Conference in Iceland.
In Asia – a look ahead to Australia CPI data.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) One inflation spike in the 2020s might be an accident, the world’s biggest bond markets seem to have decided, but two looks like an alarming new trend.

(2) The euro area will slow markedly while suffering the fastest inflation since 2023 as it succumbs to the energy-cost surge from the Iran war, according to the European Commission.

(3) Confidence among the lowest-earning Britons plunged in May and even those on average pay are digging into savings to meet everyday expenses as the Iran energy shock hits household budgets, a key survey found.

(4) Iran said the latest proposal from the US partly bridged the gap between the warring sides, but comments from the Islamic Republic’s supreme leader about keeping Tehran’s uranium stockpile and a dispute over tolls in the Strait of Hormuz clouded the outlook for a breakthrough.

(5) President Donald Trump said he would send an additional 5,000 troops to Poland, reversing course on a plan to suspend an Army deployment to the country amid a feud with other NATO nations over what he saw as their refusal to help in the Iran war.

(6) Jennifer Zabasajja joins the show to discuss how the Ebola outbreak in Africa compares with previous ones, the impact of aid cuts and how serious the crisis could get. You can hear more of Jennifer's reporting on the topic on this week's Next Africa Podcast

Podcast Conversation: Come for the Biking, Stay for the Otters

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Nvidia facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant data center operators that have fueled its runaway growth.

(2) Standard Chartered Chief Executive Officer Bill Winters sought to reassure staff after his remarks on using artificial intelligence to replace “lower-value human capital” triggered a sharp backlash on social media and from a former head of state.

(3) The way Unilever Chief Executive Officer Fernando Fernandez starts every meeting at the consumer products maker says a lot about the mindset of corporate bosses who fear their companies have lost their edge.

(4) The US and Iran traded threats of escalation as the weeks-long standoff in the Middle East dragged on without resolution.

(5) The JPMorgan banker named in a graphic sexual harassment suit that went viral last month hit back at her accuser with a defamation counterclaim, calling his allegations “entirely false” and “malicious.”

Podcast Conversation: Spa Weekends Have Found a Crucial New Attraction in Mahjong

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates.

(2) Borrowers poured into Europe’s bond market at the fastest pace ever, locking in funding before the region’s central bank is likely to hike interest rates.

(3) Chancellor of the Exchequer Rachel Reeves has privately proposed voluntary price freezes on food in supermarkets, as the UK government seeks to ease cost of living pressures for struggling Britons.

(4) President Donald Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war, after he said he had just called off a US attack.

(5) The European Union finalized the text of its long-delayed US trade deal after months of negotiations, clearing a major hurdle to ratifying the pact before President Donald Trump’s threatened deadline to impose higher tariffs.

(6) The UK’s right-wing Reform party has a warning for investors: don't bet on renewable energy projects awarded by the sitting Labour government.

(7) When it comes to financial management, religious organizations have had a lot of catching up to do.

Podcast Conversation: Arsenal's decades-long wait is over.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said he called off a strike on Iran planned for Tuesday after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution.

(2) Standard Chartered Chief Executive Officer Bill Winters delivered a blunt message on the future of the bank’s workforce, warning that a push into artificial intelligence will eliminate thousands of roles as the lender replaces “lower-value human capital” with technology.

(3) A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company.

(4) Greenland’s leader said he had a “constructive” meeting with Donald Trump’s envoy to the Arctic island, but warned there were no signs the US president has changed his ambition to acquire the territory.

(5) Andy Burnham, the current favorite to replace Keir Starmer as UK prime minister, has ruled out changing the government’s self-imposed limits on borrowing if he were to gain power.

(6) An unprecedented influx of wealth has pushed up rents and living costs in Milan, a city once seen as a second-tier financial center. Tax incentives have drawn returning professionals and wealthy expats from countries such as the UK that have phased out similar advantages.

Podcast Conversation: Your Favorite Thing to Do on Vacation Is Making Travel Worse

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks will need to keep tightening policy.

(2) Oil prices above $100 a barrel, with US-Iran ceasefire talks stalled and trade through the Strait of Hormuz heavily disrupted, continue to stoke global inflation pressures

(3) Oil rose for a third day as President Donald Trump again pressured Iran to come to a deal to end weeks of war and reopen the crucial Strait of Hormuz.

(4) China’s growth slowed across the board in April with investment resuming declines, as booming exports no longer offset a deteriorating economy at home.

(5) The thorny question of whether Britain should unwind a decade of estrangement from the European Union is resurfacing as the Labour Party starts to imagine a future beyond Prime Minister Keir Starmer.

(6) A British dealmaking boom has London’s M&A advisers on track for their best year in more than a decade, standing in contrast to investor fears over the country’s latest political crisis.

Podcast Conversation: Swatch Shops Shut as Audemars Piguet Collaboration Causes Mayhem

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Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Nvidia and a focus on three stocks for the week ahead.
In the UK – a look ahead to earnings from Europe’s largest low-cost airlines.
In Asia – a look ahead to Japan GDP data.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A potential challenge to UK Prime Minister Keir Starmer’s leadership from one of the nation’s most popular Labour Party politicians sent the pound tumbling by casting doubt on the future of his government and its efforts to rein in the national debt.

(2) US President Donald Trump signaled China is willing to support negotiations with Iran, as he pushes for a diplomatic resolution to end the war and reopen the Strait of Hormuz, after a commercial vessel was apparently seized near the United Arab Emirates.

(3) Governing Council member Yannis Stournaras warned that the European Central Bank could be forced to hike borrowing costs if the price of oil maintains its current level, according to Athens News Agency.

(4) Federal Reserve Governor Stephen Miran said he will resign from the central bank effective once incoming Chair Kevin Warsh is sworn into office, or shortly before.

(5) Nvidia shares rose on Thursday, extending a 20% rally over the past seven days as investors plow into the chipmakers profiting from a flood of investment spending on artificial intelligence.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Xi Jinping warned Donald Trump of a potential conflict over Taiwan if the issue is mismanaged, saying it could push the China-US relationship into a highly dangerous situation.

(2) Angela Rayner, the UK’s former deputy prime minister, has been cleared of deliberate wrongdoing in an investigation into her tax affairs, potentially paving the way for a leadership bid against Prime Minister Keir Starmer.

(3) European Union leaders must show courage in strengthening the bloc’s foundations, according to European Central Bank President Christine Lagarde. “Europe now finds itself in a world that is far less forgiving of the gaps in its institutional architecture,” she said Wednesday in Aachen, Germany. “Institutions that were built for an earlier age are being tested by demands they were not fully designed to meet.”

(4) The US Senate narrowly confirmed Kevin Warsh as chair of the Federal Reserve, setting up the most controversial leadership transition at the US central bank in decades and a test of its political independence.

(5) More UK estate agents have reported falling house prices in April as the war in Iran and elevated borrowing costs hit buyer confidence, according to a closely watched survey.

(6) Back in the 2000s, the market for pension risk transfers was an eat-what-you-kill industry, and pickings were slim. Nearly two decades on, PRTs are a much easier sell and there are £1.3 trillion of assets to fight for.

Podcast Conversation: Stressed? Overscheduled? There’s More Time in the Day Than You Think

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) UK Prime Minister Keir Starmer survived in post on Tuesday despite a slew of ministerial resignations which have so far failed to force his downfall.

(2) As UK Prime Minister Keir Starmer slowly loses allies in government and fights for his survival, the escalating political drama is heaping fresh pressure onto a bond market already battered by the country’s deep-rooted fiscal and economic problems.

(3) Jamie Dimon warned the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK’s prime minster would see JPMorgan Chase & Co. scrap plans to invest billions in a new London headquarters in Canary Wharf.

(4) France’s economy is showing signs of faltering as the fallout from the Middle East conflict hits growth and ratchets up inflation pressure, according to the central bank’s monthly survey of companies.

(5) Oil shipments from Iran’s main export terminal appear to have come to a standstill over the past several days, according to satellite images, the first sign of a prolonged halt since the start of the war.

(6) US President Donald Trump said he would prioritize trade discussions during his summit with Chinese counterpart Xi Jinping, and downplayed the amount of attention they would devote to the Iran war.

(7) When President Donald Trump sits down for talks with China’s Xi Jinping this week, the focus will be on whether the world’s two-biggest powers can stabilize a fraught relationship. But it is the countries caught in between that have been forced to navigate the fallout from the geopolitical storm.

Podcast Conversation: Solar is Now so Big in Europe That Power is Going to Waste

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Keir Starmer was facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, joined the calls for him to set out a timetable for his departure.

(2) A Schroders bond-fund manager is steering clear of UK debt on concern that political upheaval will drag yields higher in the coming months.

(3) The ceasefire between the US and Iran reached a particularly precarious moment Monday as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer.

(4) The US sanctioned a dozen entities and individuals over the sale of Iranian oil to China, stepping up economic pressure just days before President Donald Trump meets his counterpart Xi Jinping.

(5) Michael Burry, the investor made famous in The Big Short, is warning that the Nasdaq 100 Index is headed toward a dramatic reversal after a “parabolic” surge that has driven technology valuations to unsustainable heights.

(6) In the time it usually takes to watch one football match, the Kospi index shed more than $300 billion in value as the gauge slumped on Tuesday. That’s a bit more than $3 billion a minute in the benchmark index alone, and the scale of the slide helped sour sentiment across Asia.

(7) On the 13th floor of the Berlaymont building in Brussels, Ursula von der Leyen has built a presidential operation that exerts control over every aspect of what goes on inside the European Commission

Podcast Conversation: What Teens Need From Parents in the Age of AI

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Prime Minister Keir Starmer’s political problems have likely grown too big to solve with a single speech. For now, he will try to forestall an immediate challenge to his job.

(2) President Donald Trump and Iran rejected each other’s latest peace proposals to end the 10-week conflict as the two sides struggle to maintain a fragile ceasefire.

(3) President Donald Trump is expected to press President Xi Jinping over China’s approach to Iran and hammer out details on a new board of trade when they meet this week in Beijing, senior US officials said Sunday, hours before China confirmed the state visit.

(4) China’s factory prices grew at the fastest pace since the pandemic four years ago as the fallout from the Iran war sharply raises costs and leaves profits under pressure.

(5) US allies in Europe anticipate that President Donald Trump will withdraw more forces from the continent after he announced he would pull 5,000 troops out of Germany, people familiar with the matter said.

(6) Over the past year, Alphabet has gone from an artificial intelligence afterthought to the one firm in the market with dominant positions in nearly every aspect of the technology.

(7) Two months of crisis in the Middle East show the conventional tactic of ditching emerging-market assets in times of market stress is no longer a sure-fire defensive play.

Podcast Conversation: Gelato Is Getting Weird and Not Everyone Is Happy About That

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI, PPI, and Retail sales data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the annual Cannes film festival.
In Asia – a look ahead to US Treasury Secretary Scott Bessent's Trip to Japan.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Keir Starmer is awaiting the results of one of the most consequential rounds of local elections in recent British history, a vote that could determine his future as prime minister and shape national policy in Europe’s second-largest economy.

(2) The US struck military targets in Iran after the country fired on three Navy destroyers sailing in the Strait of Hormuz, an escalation that threatened to fracture a fragile ceasefire and reignite hostilities even as the two sides say they’re discussing an end to the war.

(3) The European Central Bank will have to raise interest rates if the Iran war leaves a more lasting mark on inflation, according to Executive Board member Isabel Schnabel.

(4) President Donald Trump’s 10% global tariffs were declared unlawful by a federal trade court in a fresh blow to the administration’s economic agenda, just months after the US Supreme Court vacated earlier levies he’d imposed.

(5) President Donald Trump said he would give the European Union until July 4 to ratify its trade agreement with the US, after previously threatening to hike tariffs on auto imports as soon as this week if it failed to do so.

(6) In some circles on Wall Street, the hottest debate isn’t about a tech-stock bubble or $100 oil as the new norm. It’s whether 30-year Treasury yields will mount a sustained push over 5%.

Podcast Conversation: New Media Mourns the Old Media It Helped Destroy

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran were circling around a fresh proposal to end the war on Wednesday, as President Donald Trump searches for an exit from a conflict that has elevated energy prices and damaged his political standing.

(2) A maritime coalition led by France and the UK is ready to escort tankers through the Strait of Hormuz if Iran agrees to a US proposal to end the war, according to a French official.

(3) The Israeli army carried out an attack in the southern suburbs of Beirut on Wednesday, the first in the vicinity of the Lebanese capital since a US-brokered ceasefire came into effect last month.

(4) China’s financial regulator advised the country’s largest banks to temporarily suspend new loans to five refiners recently sanctioned by the US over their ties to Iranian oil, according to people familiar with the matter.

(5) Figures next week are likely to paint a rosy picture for the UK economy in the first quarter. The trouble is that fewer and fewer people believe them.

Podcast Conversation:AI Bots Auditioning for Wall Street Trading Are Mostly Losing

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the US can reach an agreement with Iran to end the war.

(2) Anthropic unveiled a set of new artificial intelligence agents designed to handle a broader mix of financial services tasks, part of the company’s push to win over Wall Street.

(3) UK long-term borrowing costs jumped to a 28-year high as worries intensified over local government elections and the impact of soaring energy prices on the economy.

(4) Friedrich Merz took to the podium at the Chancellery in Berlin last week to announce the first installment of a comprehensive overhaul of Germany’s social system that he hopes will demonstrate his vision to move the country forward.

(5) French President Emmanuel Macron nominated Emmanuel Moulin, one of his closest advisers, to run the Bank of France.

(6) The European Union wants the main parts of a US trade deal adopted by July, as it pushed Washington to respect previous commitments made under the pact.

Podcast Conversation: Why the Best Public Art Keeps Disappearing

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran exchanged fire in a flareup of violence on Monday that also drew in the United Arab Emirates, prompting calls for renewed strikes on Iranian targets and casting doubt on the fate of a four-week ceasefire.

(2) Stocks pulled back from record highs and the dollar strengthened after the US and Iran exchanged fire, escalating Middle East tensions and fueling inflation concerns.

(3) European Union Economy Commissioner Valdis Dombrovskis warned of the stagflationary effect that the Iran war is creating for the bloc.

(4) Some of the US’s closest allies including Canada and the UK are warning that the international system of security and trade championed by western powers for more than 70 years is broken beyond repair — and that it’s up to Europe to fashion a new global order.

(5) HSBC Holdings Plc reported profit that missed estimates, weighed down by an unexpected UK fraud-related charge and rising economic risks stemming from the conflict in the Middle East.

(6) Prime Minister Keir Starmer is due to host meetings to tackle antisemitism on Tuesday after two men were stabbed in north London last week in the latest attack targeting British Jews.

(7) When Christine Lagarde addressed a central bank conference late last year, her frustration was clear: Europe had been debating a digital euro for years, but it was still nowhere close to being done. But with the first issuance of a digital central bank currency expected only in 2029, and delays still cropping up, so have fears that the bloc may have already fallen behind.

Podcast Conversation: So When Does the Energy Price Shock Hit Europe?

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A fresh plan announced by US President Donald Trump to help vessels through the Strait of Hormuz has left shipping executives perplexed, as attacks continue and traffic remains at a near standstill.

(2) Concern about a possible euro-area recession is “real and justified” as conflict in the Middle East causes a supply-side disruption, European Central Bank Governing Council member Yannis Stournaras said in an interview with Phileleftheros.

(3) President Donald Trump said he plans to cut the US military presence in Germany by more than the 5,000-troop drawdown announced so far, even as Republican allies and NATO countries questioned the move.

(4) The UK is set to enter talks to join the European Union’s €90 billion ($105 billion) Ukraine loan plan, underlining what the British government describes as “growing defense ties” between London and Brussels.

(5) A group of Swiss lawmakers are meeting to discuss the future of UBS Group AG and a proposed bill that could impose additional capital requirements on the bank's Swiss unit.

Podcast Conversation: There's Never Been This Much Pressure for Men to Look Good at 60

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the April jobs report in the U.S and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the UK’s Midterm local elections.
In Asia – a look ahead to the next RBA Decision.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports, elevating concerns the vital Strait of Hormuz would not reopen anytime soon.

(2) As oil prices briefly came within reach of $130 a barrel, the mood music among central bankers in Frankfurt and London shifted in a more hawkish direction on Thursday.

(3) UK Prime Minister Keir Starmer pledged to use the “full power of the state” to crack down on antisemitism, after a stabbing in north London raised fresh questions about the government’s attention to threats against Britain’s Jewish community.

(4) Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”

(5) Elon Musk’s first compensation figure after Tesla Inc. shareholders approved his moonshot pay package is in, and it’s a doozy: $158 billion.

Podcast Conversation: Spotify Adds Verified Badge to Distinguish Real Artists From AI

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A frenzied day of earnings reports offered a glimpse at how some of the world’s biggest tech companies are doing in artificial intelligence. The upshot: Alphabet Inc.’s Google is seeing a clear payoff from its AI spending, while Meta Platforms Inc. is lagging behind.

(2) Brent oil rallied to a wartime high after Axios reported that US President Donald Trump is set to receive a briefing on new military options for action in Iran, signalling the potential for fresh escalation in the Middle East.

(3) President Donald Trump said the US is reviewing its troop levels in Germany and will decide soon whether to reduce that number, escalating tensions with a top NATO ally over the war in Iran.

(4) Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.

(5) The Bank of England is likely to keep interest rates on hold on Thursday as policymakers play for time amid the febrile standoff between the US and Iran.

(6) Standard Chartered posted record first-quarter earnings that surged past analyst estimates, as record wealth inflows offset precautionary charges linked to escalating tensions in the Middle East.

Podcast Conversation: Rolex, Cartier Court Gen Z Buyers With Shift to Smaller Watches

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An update to your morning briefing. All the news you need to start your day.

On today's podcast:

(1) European banks have reported a bumper set of earnings this morning, with profits beating expectations, but they're also warning of the future effects of the ongoing Hormuz blockade.

(2) Oil prices remain firmly in triple digits this morning, as the US-Iran war enters its third month.

(3) The shock decision by the United Arab Emirates to quit OPEC blindsided its partners of six decades. Now the cartel will have to fight to stay relevant in a fast-shifting global oil market.

(4) The EU has accused social media giant Meta of failing to keep children off its services.

Podcast Conversation: King Charles Is Doing an Impossible Job in America

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US equity-index futures rose as investors positioned ahead of a raft of earnings from the largest technology companies in what has been a generally upbeat reporting season. Markets are also awaiting a Federal Reserve policy decision.

(2) The US has warned banks they are at risk of secondary sanctions if they support Chinese private refiners that buy Iranian oil, cranking up pressure on Tehran even at the cost of further irking Beijing just weeks ahead of a leaders’ meeting.

(3) The shock decision by the United Arab Emirates to quit OPEC blindsided its partners of six decades. Now the cartel will have to fight to stay relevant in a fast-shifting global oil market.

(4) Traders in the Treasury options market are bracing for long-dated bond yields to surge past 5% as a rally in oil prices continues unabated.

(5) UBS has posted $3 billion dollars in profit in the first three months of the year - smashing past expectations.

(6) King Charles III called on the US to maintain its leadership role in the world, and to support Ukraine and the North Atlantic Treaty Organization, in a remarkably pointed speech for a monarch that urged Americans to resist the pull of isolationism.

(7) The Netherlands is gearing up for a new tax on paper profits, sparking public and political opposition and opening another front in the international push to target the wealthy.

Podcast Conversation: King Charles Is Doing an Impossible Job in America

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The White House said US officials were discussing Iran’s latest proposal but maintained “red lines” on any deal to end the eight-week war, including preventing Tehran from obtaining a nuclear weapon.

(2) South Korea has leapfrogged the UK to become the world’s eighth-biggest stock market, fuelled by a high-octane rally in its artificial intelligence-linked technology champions.

(3) US President Donald Trump welcomed King Charles III to the White House for a visit fraught with doubt about the future of Britain’s so-called special relationship with America and fresh security concerns in the wake of the shooting at the White House correspondents’ dinner.

(4) Any hope that Keir Starmer had of putting aside the Peter Mandelson saga will have to wait as the British prime minister braces for another day of parliamentary inquiry into his disastrous appointment of Mandelson as ambassador to the US.

(5) A California man is being charged with trying to kill US President Donald Trump during an attack on a Washington gala dinner over the weekend.

Podcast Conversation: Madrid's Luxury Amenities Clash With the City's Laid-Back Vibe and Spain’s Largest Cities Diverge Paths to Tackle a Housing Crisis

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Iran has given the US a new proposal to reopen the Strait of Hormuz and end the war that includes postponing nuclear negotiations, Axios reported, citing a US official and two people with knowledge of the matter.

(2) The man accused of storming the White House Correspondents’ Dinner spent years quietly acquiring his arsenal, purchasing a shotgun from a Torrance, California, firearms dealer eight months before the attack and a semi-automatic pistol two years earlier, according to a law enforcement intelligence profile reviewed by Bloomberg.

(3) Senator Thom Tillis said he’s dropping his blockade of Kevin Warsh’s nomination to head the Federal Reserve, saying the Justice Department’s decision to end a criminal probe targeting Fed Chair Jerome Powell removed a threat to the central bank’s independence.

(4) Policymakers in the US and across the Group of Seven will probably keep interest rates steady this week while watching nervously for signs of higher energy costs fanning inflation.

(5) China’s commerce ministry criticized EU over its discriminatory measures on foreign investment in EVs, batteries, solar and critical raw materials by creating investment barriers, according to a government statement.

(6) Germany sounded out European lenders to defend Commerzbank against UniCredit’s takeover bid earlier this year, according to people familiar with the matter.

(7) To say the special relationship is going through a rough patch ahead of King Charles III’s visit would be an exercise in British understatement.

Podcast Conversation: Adidas Gets Running Lift in London From Two Sub-2 Hour Marathons

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – we preview the Federal Reserve's rate decision and big tech earnings
In the UK – we look ahead to the Bank of England's upcoming rate decision
In Asia – we discuss the Golden Week holiday in Japan

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil rose for a fifth day as concerns grew that the US and Iran were making little progress toward resuming talks on de-escalation, keeping the Strait of Hormuz effectively closed.

(2) President Donald Trump said Israel and Lebanon will extend their ceasefire by three weeks, a move that creates space to work on a long-term deal and removes a roadblock to ending the US war with Iran.

(3) The European Union warned member states that efforts to strengthen safeguards in the bloc’s trade agreement with the US may cause the deal to unravel.

(4) European Union leaders signaled that preliminary conditions are in place for Ukraine to begin the first stage of the membership process, a boost for Ukrainian President Volodymyr Zelenskiy’s efforts to join the bloc.

(5) Meta Platforms Inc. and Microsoft Corp. are planning cuts or announcing buyouts that could affect as many as 23,000 jobs, part of an effort to streamline operations and offset heavy spending on artificial intelligence.

Podcast Conversation: US Soldier Charged With Using Classified Data to Bet on Maduro

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On today's podcast:

(1) Oil rose for a fourth day as the US and Iran remained locked in a battle for control of the Strait of Hormuz after failing to meet for a fresh round of peace talks.

(2) Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company.

(3) The Swiss government outlined plans that would add billions of dollars to UBS' capital requirements, deepening a showdown with the lender over its proposed banking reforms.

(4) European Central Bank Chief Economist Philip Lane said there’s a logical fiscal case for the region’s nations to issue joint bonds, though such a move would need to be underpinned by trust.

(5) UK workers were hit with the highest increase in tax rates on wages of any wealthy country last year, according to a new report, as the Labour government has come under pressure to lighten Britain’s tax burden.

Podcast Conversation: AI Is Coming for Our Aging Parents: Catherine Thorbecke

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart.

(2) The world’s top oil traders warned that the ongoing closure of the Strait of Hormuz is increasing the risk of a global recession as fuel demand takes a hit.

(3) Forty-eight hours of brutal public inquiry into Keir Starmer’s judgement have left the prime minister looking increasingly like a leader on his way out.

(4) The biggest question facing Kevin Warsh was answered before he even reached the committee room Tuesday when President Donald Trump doubled down on a criminal probe that is effectively blocking his own nominee from taking over at the Federal Reserve.

(5) A small group of unauthorized users have accessed Anthropic PBC’s new Mythos AI model, a technology that the company says is so powerful it can enable dangerous cyberattacks, according to a person familiar with the matter and documentation viewed by Bloomberg News.

(6) The Gates Foundation said it is awaiting findings from a review of its past interactions with Jeffrey Epstein amid public scrutiny of co-founder Bill Gates’ ties to the disgraced financier.

(7) Audi has lost its way, and nowhere is the problem bigger than in China. Audi’s decline is emblematic of the existential crisis foreign brands face in the world’s largest car market, where consumers are shifting to local manufacturers led by BYD and Geely Automobile.

Podcast Conversation: Ferrari Sets Price for First Electric Car at Around €550,000

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Apple Chief Executive Officer Tim Cook will hand the reins to hardware boss John Ternus later this year, capping a 15-year tenure that turned the company into a $4 trillion business spanning watches, video streaming and financial services.

(2) Keir Starmer did what he could to get through a parliamentary showdown over his handling of the Peter Mandelson scandal. His fate may now rest with a bureaucrat little known outside Westminster.

(3) President Donald Trump said he’s not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war.

(4) European Central Bank President Christine Lagarde said two main factors around the Iran war are hampering efforts to map out a monetary-policy response.

(5) Chancellor Friedrich Merz said his government rejects “hostile and aggressive tactics” in Germany’s banking industry after Commerzbank AG formally rejected UniCredit SpA’s takeover bid.

(6) Elon Musk snubbed a summons by French prosecutors investigating how AI chatbot Grok was allowed to spew out sexually explicit deepfakes and Holocaust-denying content, according to Agence France-Presse.

Podcast Conversation: The Best films, TV, Books, Art and Theater Arriving in May

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump and Iranian officials offered disparate views on the next stage of the war, casting uncertainty over whether the two sides would meet for peace talks with a ceasefire set to expire in the coming days.

(2) Oil and natural gas prices soared after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz.

(3) The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported, citing US officials it didn’t identify.

(4) Keir Starmer is preparing for a showdown with the senior official he fired over the appointment of Peter Mandelson as US ambassador, as calls for the prime minister to resign grow.

(5) Former President Rumen Radev, who opposes sanctions on Russia and military aid for Ukraine, claimed an overwhelming victory in Bulgaria’s election and pledged to turn the page on years of political gridlock and corruption.

(6) Hungary’s outgoing government signaled it’s ready to unblock the European Union’s €90 billion ($106 billion) loan to Ukraine as soon as this week just as the new leadership in Budapest kicked off intensive talks with Brussels to tap its own stalled funding.

(7) Nearly a decade since the first investigations began, Nordic banks are only now emerging from the shadow of a $230 billion money-laundering scandal linked to Russia.

Podcast Conversation: Bands are Engineering Sold-Out Shows to Create More Demand

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – we preview Tesla earnings and Kevin Warsh's trip to Capitol Hill
In the UK – we look ahead to first quarter European earnings amidst broader headwinds
In Asia – how the war in Iran is impacting Japanese inflation.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Some Gulf Arab and European leaders believe that a US-Iran peace deal will take about six months to be agreed and that the warring sides should extend their ceasefire to cover that timeframe, according to officials from the regions familiar with the matter.

(2) The UK and France will host a summit to discuss setting up a naval force that would ensure freedom of navigation in the Strait of Hormuz, as Europe seeks to rebut US claims that it’s not doing enough to secure the waterway.

(3) Netflix gave a forecast for the second quarter that fell short of analysts’ expectations, sending the shares tumbling in extended trading.

(4) War and an historic energy shock are tough financial stability risks, yet Anthropic's unreleased AI model Mythos added a layer of dread to conversations among policymakers in Washington.

(5) The Chinese government is pressuring Spain to help thwart European Union proposals aimed at making the bloc’s companies more competitive, according to a person familiar with the matter.

Podcast Conversation: What Successful CEOs Learned at Their First Meaningful Job

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter, reducing the risk of renewed fighting despite an intensifying standoff over the Strait of Hormuz.

(2) China’s economic growth rebounded more than expected in the first quarter of 2026, suggesting limited spillovers so far from the war in Iran but revealing few signs of turnaround in weak consumer spending.

(3) Policymakers at the European Central Bank are leaning toward keeping interest rates unchanged this month, postponing their verdict on whether the fallout of the Iran war warrants a response, according to people familiar with the debate.

(4) European wealth hubs are seeing wealthy individuals moving assets into the region in response to the conflict in the Middle East, according to Pictet Group’s Laurent Ramsey.

(5) The EU’s efforts to rein in big tech took another step today as it announced a new age-verification app to keep children safe online.

Podcast Conversation: New Grads Bring AI Fluency, and Dependency, Into the Workplace

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran are looking to arrange a second round of peace talks in the coming days as a standoff in the Strait of Hormuz worsens a global energy crisis and complicates diplomatic prospects.

(2) President Christine Lagarde said higher energy costs have pushed the euro zone away from the European Central Bank’s base-case outlook, though not enough yet to warrant leaning toward raising interest rates.

(3) Britain will suffer the biggest economic shock from the Iran war of any major advanced economy and struggle to cushion the blow through either interest rate cuts or state support, according to the International Monetary Fund.

(4) UK Prime Minister Keir Starmer and his Dutch counterpart Rob Jetten met energy leaders to discuss cooperation in the North Sea as the war in the Middle East disrupts global supplies.

(5) President Donald Trump’s tariffs may be restored by July to the levels in place before the Supreme Court struck down many of his levies, Treasury Secretary Scott Bessent said.

(6) Artificial intelligence-driven chatbots are giving users problematic medical advice about half the time, according to a new study, highlighting the health risks of the technology that’s becoming increasingly integral in day-to-day life.

Podcast Conversation: Diplomacy on Ice - Finland’s president is in Canada for talks on Arctic security and regional tensions. But the lighter moment getting attention was both leaders hitting the ice with the Ottawa Charge hockey team. For more on Carney's 'Middle Powers' push listen to this episode of the Here's Why podcast

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump began a US naval blockade of the Strait of Hormuz, a move intended to raise pressure on Tehran, even as the two countries weigh another round of talks to secure a longer-term ceasefire.

(2) HSBC Chief Executive Officer Georges Elhedery said the conflict in the Middle East and broader “uncertainties” are beginning to dent client confidence as investors navigate an increasingly volatile global landscape.

(3) Italian Prime Minister Giorgia Meloni called Donald Trump’s tirade against Pope Leo XIV “unacceptable,” exposing a growing rift with the US leader over his war on Iran.

(4) Sales at LVMH’s biggest division fell at the start of this year as the war in the Middle East crimped demand for Louis Vuitton and Dior products.

(5) Hungary’s next leader Peter Magyar said he won’t stand in the way of Ukraine receiving a €90 billion ($105 billion) loan from the European Union that was blocked by the outgoing Prime Minister Viktor Orban.

(6) A Ukrainian war hero is taking President Zelenskiy's office in a new direction, and might offer a glimpse of Ukraine’s political future.

Podcast Conversation: Is the Pope American? No, He's Catholic

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US President Donald Trump’s threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risked widening a war now entering its seventh week, lifting oil prices and raising the prospect of further economic pain around the globe.

(2) Oil surged while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz, heightening tensions with Iran following the collapse of weekend peace talks.

(3) The UK will not take part in the proposed US blockade of the Strait of Hormuz, setting up yet another point of contention between President Donald Trump and Prime Minister Keir Starmer over the conflict in Iran.

(4) Peter Magyar, Hungary’s next prime minister, outlined sweeping changes after ending Viktor Orban’s 16-year rule in a landslide election victory that will redefine the country’s ties with the European Union, Russia and the US administration of President Donald Trump.

(5) Hungary’s forint surged to a four-year high after Prime Minister Viktor Orban conceded defeat in Sunday’s election, with the pro-European opposition’s victory expected to help unlock billions of euros in European Union funding.

Podcast Conversation: Iran Talks Show Limits of Pakistan Peace Push: Karishma Vaswani

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Netflix and a focus on three bank stocks for the week ahead.
In the UK – a look ahead to the next election in Hungary.
In Asia – a look ahead to Spain Prime Minister Pedro Sanchez's trip to China.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said he was “optimistic” about a deal with Iran but later threatened Tehran over charging fees in the Strait of Hormuz, as Israeli strikes in Lebanon and the continued closure of the vital waterway jeopardized diplomatic talks.

(2) After almost six weeks of war, how did Pakistan manage to get the US and Iran to talk? Mishal Hussain join us to discuss her interview for Maleeha Lodhi. She has served as Pakistan’s ambassador to Washington, as well as to the UK and United Nations. Listen to the full conversation on the Mishal Hussain Show

(3) Saudi Arabia has lost more than half a million barrels a day of oil output capacity because of Iranian attacks while a key pipeline that bypasses the Strait of Hormuz was also hit, ratcheting up risks to global energy supplies from the war in the Middle East.

(4) The White House sent an internal staff-wide email that warned employees against using confidential information to place trades on financial markets and fast-growing event betting platforms.

(5) Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic PBC will usher in an era of greater cyber risk.

(6) Italian Prime Minister Giorgia Meloni ousted the chief executive officer of Leonardo SpA, the state-backed aerospace and defense contractor, while retaining CEOs at energy firms Eni and Enel.

(7) Wars in the Middle East and Ukraine are reshaping investor risk perceptions, highlighting Africa as more resilient than its reputation suggests.

Podcast Conversation: Do You Too Have a Fear of Not Flying?

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Israel launched its largest assault on Lebanon since the start of its invasion, escalating the campaign against Iran-backed Hezbollah even after the US announced a ceasefire in the wider Middle East conflict.

(2) The White House announced the US would hold direct talks with Iran even as continued fighting in the Middle East, punctuated by Israeli strikes in Lebanon, threatened to derail the fragile ceasefire in the six-week conflict

(3) Iranian President Masoud Pezeshkian called on Europe to play an “effective” role in supporting lasting stability and security in the region and to pressure the US and Israel to adhere to their commitments and counter any violations to the ceasefire agreement, in a phone call with French President Emmanuel Macron.

(4) The US wants specific commitments from European allies on their pledge to help secure the Strait of Hormuz after the fighting in Iran stops, requesting that the countries present concrete plans to ensure navigation through the waterway within days, according to a senior NATO official.

(5) President Donald Trump lashed out at NATO after meeting with the military alliance’s secretary general, Mark Rutte, making clear that his anger over the organization’s stance on the Iran war remained acute.

Podcast Conversation: AI Doomsday Hype Is Marketing's Dark Arts at Work: Parmy Olson

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran agreed to a two-week ceasefire expected to halt the American-Israeli military campaign, in exchange for Tehran reopening the Strait of Hormuz, portending a temporary de-escalation while broader tensions may remain unresolved.

(2) Oil plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz.

(3) Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz and open an exit for more than 800 vessels trapped in the Persian Gulf.

(4) A swelling wave of redemptions has driven Moody’s Ratings to revise its outlook for private credit investment vehicles to negative, after holding the line at stable for over two years.

(5) Vice President JD Vance went to Budapest to criticize the European Union for allegedly meddling in the Hungarian election. Then he endorsed Viktor Orban as a model of leadership for the continent days before the make-or-break vote.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump insisted that freedom of navigation through the Strait of Hormuz be part of any deal to end the Middle East war and escalated threats to obliterate key Iranian infrastructure if his terms aren’t met before a Tuesday deadline.

(2) By warning that the US would deliberately bomb civilian infrastructure in Iran and effectively bring the country to its knees if officials there don’t reopen the Strait of Hormuz, President Donald Trump drew criticism that he was threatening to commit war crimes. His comments also raised questions about whether he could ever be punished for such conduct.

(3) Britain will host a meeting of allied military officers to discuss plans for securing the Strait of Hormuz as Donald Trump’s deadline for Iran to reopen the waterway looms.

(4) Five European Union members urged the bloc to tax windfall profits energy companies are reaping as a result of the US-Israeli war on Iran.

(5) Rivals OpenAI, Anthropic PBC, and Alphabet Inc.’s Google have begun working together to try to clamp down on Chinese competitors extracting results from cutting-edge US artificial intelligence models to gain an edge in the global AI race.

(6) NASA’s four Artemis astronauts swung behind the moon and are headed home, in a journey that shattered space travel distance records and brought people the closest they’ve been to the lunar surface in more than 50 years.

Podcast Conversation: Injured US Airman in Iran Used Boeing Device to Signal Rescuers

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings for Delta Airlines and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the new tax year in the UK.
In Asia – a look ahead to China CPI and PPI data.

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On this special Good Friday Holiday edition of Bloomberg Daybreak, host John Tucker discusses:

Big bank earnings with Bloomberg Intelligence Senior US Banks Analyst Herman Chan and Bloomberg Intelligence Financials Analyst Neil Sipes
A year after Elon Musk set out to slash jobs at the IRS, the agency is struggling to meet demands amid a busy filing season. For more, we hear from Bloomberg Law Reporter Erin Slowey.
Well you may be seeing a little less of the candy this Easter.. That's because sales are projected to drop.. For details, we speak with Bloomberg's Diana Rosero-Pena.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said the war in Iran is “very close” to completion, even as he said the US plans to launch fresh attacks on the country within the next two to three weeks.

(2) In recent days, the operator of an oil tanker stuck in the Persian Gulf received a compelling proposal. After weeks at anchor with missiles and drones passing overhead, it could finally sail safely out through the Strait of Hormuz and into the open ocean — escorted by the Iranian Navy.

(3) European allies are skeptical Donald Trump will actually pull the US out of NATO. But they still fear the president’s renewed threats to do so are eroding the military alliance at a precarious moment.

(4) The war in Iran prompted a record surge in the price of petrol and diesel in the UK last month, adding to pressure on Prime Minister Keir Starmer to step in to help motorists.

(5) NASA’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years.

Podcast Conversation: A 12,000-Mile Journey Shows the World’s Scramble for Diesel

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said he foresaw ending the war on Iran within two to three weeks, suggesting the US had largely accomplished its military goals and would leave it to other nations to resolve issues with the Strait of Hormuz.

(2) US President Donald Trump called on other nations to wrest control of the Strait of Hormuz as Iran maintained missile fire across the Persian Gulf, expressing his frustration that the monthlong war remains unresolved.

(3) Europe is expected to have enough jet fuel to avoid shortages in April, according to people directly involved in the aviation fuel market. But that situation could change in May, as the conflict in the Middle East continues to rock global energy markets.

(4) Christine Lagarde used an audience of high-level Group of Seven officials to challenge Treasury Secretary Scott Bessent’s optimism that the Iran war’s economic fallout will be short-lived, according to people familiar with the matter.

(5) UK Prime Minister Keir Starmer sought to draw attention to how his government is helping Britons with the rising cost of living, even as he faces growing pressure to announce further support because of the economic effects of the Iran crisis.

(6) OpenAI has completed a deal to raise $122 billion from investors at an $852 billion valuation, marking the company’s largest funding round to date by far and bolstering its costly push for more chips, data centers and talent.

(7) American astronauts last set foot on the moon in 1972. More than half a century later, NASA is preparing to take a big step toward returning.

Podcast Conversation: King Charles to Go Ahead With US Visit Despite Trump Spat

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Your morning briefing.

All the news you need to start your day.

On today's podcast:

(1) Oil fluctuated after the Wall Street Journal reported that US President Donald Trump told aides he’s willing to end the military campaign in Iran even if the vital Strait of Hormuz remains largely closed.

(2) An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant attacks on a vessel in a month of war, pushing oil prices higher and heightening tension around the vital Strait of Hormuz.

(3) Iran is pushing the Houthis to prepare for a renewed campaign against Red Sea shipping, contingent upon any further escalation by the US in its war on the Islamic Republic, according to European officials familiar with the matter.

(4) Secretary of State Marco Rubio said the US may need to reassess its relationship with NATO after the Iran war is finished, calling the military alliance’s alleged lack of support during the Middle East conflict “very disappointing.”

(5) China’s factory activity expanded for the first time this year despite higher energy prices and disruptions caused by the escalating conflict in the Middle East.

(6) UK shoppers should brace for a wave of price increases, the retail industry warned as a survey taken immediately after the outbreak of the US-Iran war found higher energy costs had yet to filter through to household budgets.

(7) Russia’s main security agency is expanding its sweeping surveillance powers, deepening the state’s reach into economic and social life to suppress any risk of dissent to President Vladimir Putin.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said that Iran “gave” the US most of the 15 demands it issued to Tehran to end the war, even as it remains unclear whether either side is negotiating.

(2) Attacks in the Middle East conflict extended into a fifth week Sunday, with Israel striking Tehran and Saudi Arabia intercepting almost a dozen drones, a day after Yemen-based Houthi militants entered the war.

(3) Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening conflict will cause further chaos for energy markets.

(4) UK Chancellor of the Exchequer Rachel Reeves will urge Group of Seven partners to boost domestic energy supplies and warn the recent surge in oil and gas prices is playing into Vladimir Putin’s hands.

(5) French authorities detained two new suspects in connection with a foiled bombing near the Bank of America office in Paris, which officials have said is likely linked to the conflict in the Middle East.

(6) Once a global hub for entry-level jobs, London is now the epicenter of a growing youth joblessness crisis that is threatening to blight the futures of hundreds of thousands of people and fuel a backlash against Prime Minister Keir Starmer’s Labour government in key municipal elections in just over a month.

Podcast Conversation: America Is Depleting a Bigger Weapon Than Missiles: Max Hastings

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the March jobs report in the U.S and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the upcoming South Africa Investment Conference.
In Asia – a look ahead to South Korea shareholder meetings.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump again pushed back his deadline for Iran to strike a deal with the US or face more attacks, saying talks with the country were going “very well.” Sources have told the Wall Street Journal that the US is considering sending up to 10,000 additional ground troops to the Middle East.

(2) UK Prime Minister Keir Starmer suggested he won’t be bullied by Donald Trump in a further demonstration of how the US president’s war on Iran has frayed the so-called special relationship between their two countries.

(3) Britons are saving more and cutting back on big-ticket items in an effort to ride out the economic fallout from the Iran conflict, according to a closely watched survey.

(4) European Central Bank President Christine Lagarde warned of complacency in assessing the fallout of the conflict in the Middle East, according to an interview with The Economist.

(5) Bond traders, spooked by the prospect of the conflict in Iran escalating further, are looking to hedge against worst-case war outcomes that could force the Federal Reserve to raise interest rates in coming weeks.

(6) Consumers are responding to one of the largest disruptions in global oil markets by embracing low-carbon technologies that promise to lower gas and power bills. For many, the conflicts in Iran and Ukraine have driven home a harsh reality: the only path to energy security is going electric.

(7) London urgently needs more housing. The city’s population has increased by over half a million in the decade through 2023, bringing it to around nine million, yet homebuilding has fallen dramatically. Bloomberg's Damian Shepherd explains why.

Podcast Conversation: Amazon Offers Drivers Prizes to Say Why They Love Their Job

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that’s wreaked havoc across the Middle East and global markets.

(2) Even as Donald Trump pushes for talks to end the war against Iran, the US has ordered thousands of troops to the region, fueling fears that the president is gearing up for exactly the sort of risky ground invasion that he once campaigned against.

(3) Bloomberg's strategic energy team, BNEF, says the price of Brent crude could top $154 a barrel if the Strait of Hormuz remains closed until mid-June.

(4) The Italian government is set to cut its economic growth forecast, reflecting a hit from the war in the Persian Gulf.

(5) The threat of surging inflation has knocked UK consumer confidence to the lowest level recorded under Keir Starmer’s Labour government.

(6) A landmark jury verdict holding Meta Platforms and Alphabet’s Google liable for harming a young user with products designed to be addictive threatens to put the social networking companies in the same category as Big Tobacco and opioid makers — a potential crack in their shield from legal responsibility for what happens on their platforms.

(7) Slovakia became the world’s biggest per capita car producer along with the Czech Republic because of demand from auto companies for cheaper, skilled labor. Now war is turning the tiny nation into a critical ammunition powerhouse.

Podcast Conversation: The ‘Don Tzu’ Solution to Ending the Iran War

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US has drafted a 15-point plan intended to help bring the war with Iran to a close, according to people familiar with the matter, highlighting the intensifying urgency within the Trump administration to resolve the conflict as the economic toll mounts.

(2) The Trump administration has ordered the 82nd Airborne Division to deploy about 2,000 soldiers to the Middle East, a person familiar with the matter said, as the White House weighs options to ease Iran’s chokehold on the Strait of Hormuz.

(3) Iran said foreign ships are allowed to cross the Strait of Hormuz, as long as they aren’t supporting acts of aggression against the country and follow regulations put in place by Tehran.

(4) The Kremlin is earning the most from its oil exports since just after the 2022 invasion of Ukraine as it cashes in on the war in the Middle East, boosting crude flows amid soaring prices and eased sanctions.

(5) Danish Prime Minister Mette Frederiksen’s party won a closely contested election by pledging stability in global turmoil, setting the stage for difficult coalition talks to secure a third term in power.

(6) Italian Premier Giorgia Meloni called on Tourism Minister Daniela Santanche to resign as she attempts to clean house after a defeat in a key referendum this week, in a sign of growing turmoil within her government.

(7) The trading hub Yiwu provides a small glimpse of the existential threat a prolonged war may pose to China. A collapse of global demand will dent the economy’s only bright spot — exports that the government has counted on to help meet its annual growth targets.

Podcast Conversation: NASA to Spend $20 Billion on Moon Base, Create Mars Craft

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil resumed gains — paring a steep drop from Monday — on concern that other nations may be drawn into the Middle East war.

(2) Donald Trump’s decision to back down from his threat to destroy Iran’s power infrastructure came after US allies and Gulf countries privately warned the president of the dangers of following through with his threat, according to people familiar with the matter.

(3) The supply shockwaves from the US and Israel’s war in Iran are spreading across the global economy, raising concerns about an inflation hit to companies and consumers that will require policymakers to raise borrowing costs.

(4) UK prime minister Keir Starmer said he is looking at wider measures to support Britain’s economy through the Iran crisis as he prepares to chair an emergency meeting on the economic impact of the conflict.

(5) The European Union and Australia agreed to a free-trade deal, wrapping up almost a decade of talks as the two sides push to tighten ties and reinvigorate a rules-based order that’s under assault from the Trump administration.

Podcast Conversation: Trump’s Wild, 5-Minute Rally Sends Clear Message to Wall Street

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A selloff in stocks, gold and bonds deepened as the US and Iran hardened their rhetoric and signaled a potential escalation to their conflict, which is entering its fourth week.

(2) US President Donald Trump gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed, upping the ante in a war now in its fourth week with no sign of de-escalation.

(3) UK Prime Minister Keir Starmer will hold an emergency meeting with his top ministers and Bank of England Governor Andrew Bailey on the Iran crisis on Monday, as the clock ticks on President Donald Trump’s two-day deadline to open the Strait of Hormuz.

(4) Chancellor Friedrich Merz’s party dislodged the Social Democrats from power after 35 years in a southwestern German state, notching a win for a conservative leader struggling to gain nationwide traction among voters.

(5) Socialist Emmanuel Gregoire was on course to win the race for Paris mayor on Sunday, extending the left’s quarter-century hold on the French capital.

Podcast Conversation: Why the Great Unraveling Will Be So Hard to Stop: Clive Crook

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Bloomberg Daybreak Weekend with Host Alexis Christoforous take a look at some of the stories we'll be tracking in the coming week.

In the US – a look at to what we can expect for mortgage rates in 2026.
In the UK – we preview Denmark's upcoming snap elections
In Asia – a discussion on what we can expect when EV maker BYD releases earnings

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil dropped from its highest close since July 2022, as the leaders of the US and Israel sought to reassure investors rattled by damage to major Persian Gulf energy facilities.

(2) Iran’s latest attack on Qatar, which severely damaged the world’s largest liquefied natural gas export facility, will cost the country’s state energy company about $20 billion of lost revenue.

(3) The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.

(4) European Central Bank policymakers would be ready to raise interest rates as soon as their next meeting should fallout from the war in Iran push inflation too far above target, according to people familiar with the situation.

(5) The Bank of England said it “stands ready to act” against a surge in inflation triggered by war in the Middle East, prompting traders to ramp up bets on an interest-rate hike as soon as next month.

Podcast Conversation: Traders Overwhelmed by Iran News Are Turning to AI for Help

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) European natural gas prices surged after Iranian missile strikes caused damage to the world’s largest liquefied natural gas export plant, stoking concerns about prolonged tightness in global supplies.

(2) A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” amid a sharp escalation of attacks on energy facilities across the Persian Gulf.

(3) President Donald Trump pressed for a de-escalation of attacks on Middle East energy assets after Iranian and Israeli strikes on major gas hubs jolted global markets.

(4) Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East.

(5) The Bank of Japan kept its policy rate unchanged as uncertainty surrounding the Middle East conflict clouds the economic outlook, while also pledging to raise borrowing costs if its price forecast materializes.

(6) The Bank of England may respond more aggressively than expected to soaring energy prices since war broke out in the Middle East because its internal models assume a large and long-lasting impact on inflation.

(7) UK unemployment held steady and employers hired more staff in early signs that the labor market may be stabilizing ahead of the Bank of England’s interest-rate decision later today.

Podcast Conversation: Iran’s Hormuz Blockade Leaves Stranded Crews Braving Missiles and Signal Jamming

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US President Donald Trump abandoned his effort to recruit partners for the war with Iran and scolded allies who openly rejected his appeals, even as he repeated claims the conflict would end soon.

(2) Europe is learning how to say “no” to Donald Trump over his war in Iran. Nearly three weeks into the expanding conflict, European leaders have stopped equivocating and started outright telling the US president they won’t help his campaign with Israel.

(3) Israel’s killing of Ali Larijani, a veteran Iranian politician known for his pragmatism and long experience helming national security, leaves the Islamic Republic’s wartime leadership largely in the hands of hardliners who may be less likely to seek a diplomatic pathway out of the war.

(4) Oil dropped as Iraq signed a deal to resume exports via Turkey that avoid the Strait of Hormuz, and as the US stepped up efforts to force the reopening of the key waterway.

(5) Artificial intelligence won’t necessarily lead to job cuts in Europe and may benefit companies in the region, according to Bundesbank President Joachim Nagel.

(6) Chancellor of the Exchequer Rachel Reeves said she is drawing up plans to give regional leaders in the UK control of some national tax revenues as part of her push to raise economic growth across Britain.

Podcast Conversation: Why a $1,000 Jacket Puts Designer Todd Snyder at the Sweet Spot

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Iran stepped up attacks on energy infrastructure around the Persian Gulf and set a massive gas field ablaze, adding more pressure to an increasingly fraught global fuel supply situation.

(2) President Donald Trump reiterated his appeals for other nations to help secure the Strait of Hormuz, saying Iran was nearly obliterated even as the war keeps roiling oil markets and global shipping.

(3) President Donald Trump requested a delay to his summit with Chinese leader Xi Jinping for about a month, saying it was important for him to remain in Washington to oversee the Iran war.

(4) European natural gas prices will be a whopping 40% higher than previously projected for 2026 and will stay elevated through 2027 as the Iran war and closure of the Strait of Hormuz set off a supply shortfall, according to a report from HSBC.

(5) Default rates in direct lending will climb to 8% as advances in artificial intelligence continue to disrupt the software industry, according to Morgan Stanley.

(6) Nvidia Chief Executive Officer Jensen Huang, addressing crowds at the company’s biggest annual event, unveiled a variety of new products while predicting that its flagship AI processors would help generate $1 trillion in sales through 2027.

Podcast Conversation: Ireland Woos Trump in St. Patrick’s Day Charm Offensive

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US President Donald Trump said he is “demanding” that other countries contribute to the defense of the Strait of Hormuz as it remains effectively closed to oil tankers.

(2) As the US-Israeli war on Iran enters its third week, pressure is growing on the person in the best position to end it: Donald Trump.

(3) About 750 miles (1,200 kilometers) from Tehran, high in the Turkish mountains, lies NATO’s frontline of defense against a Middle East at war.

(4) The Iran war threatens to deal significant blows to the Gulf’s biggest economies, including Saudi Arabia, the United Arab Emirates and Qatar, if it doesn’t end soon.

(5) The UK government is preparing targeted support to help lower-income households with soaring energy bills as oil prices, fueled by the Iran war, exceed $100 a barrel.

(6) Socialist candidate Emmanuel Gregoire topped the first round of the Paris mayoral election Sunday as the left seeks to extend its quarter-century rule over the French capital.

Podcast Conversation: ‘One Battle After Another’ Wins Oscar for Best Picture

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We’re sharing something a little different in the Daybreak Europe feed today, the the latest episode of Here’s Why hosted by Stephen Carroll.

While Daybreak Europe brings you the essential news each morning, Here’s Why takes one major global story each week and explores the deeper context behind it.

In this episode, Stephen is joined by Becca Wasser, Defense Lead at Bloomberg Economics, to examine the Iran war as it shifts into a more sustained military campaign. As strikes continue across the region, they discuss weapons supply, defensive capacity and what the pace of operations could mean for how the conflict unfolds.

If you want more episodes search for Here’s Why and subscribe wherever you get your podcasts.

New episodes are released every week.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to next week’s monetary policy decision from the Federal Reserve and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the Bank of England and European Central Bank decisions.
In Asia – a look ahead to Japanese Prime Minister Sanae Takaichi’s meeting with President Donald Trump in Washington.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US has issued its second authorization for buyers to take Russian oil cargoes already at sea, widening a temporary waiver given last week to India alone in an effort to ease pressure on prices as the war in the Middle East continues.

(2) Brent oil traded near $100 a barrel following one of the most volatile trading weeks ever, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz effectively shut.

(3) The number of Iranian missile launchers has held steady after a week of unrelenting airstrikes, according to Israeli and western estimates, indicating the difficulty of finding small, mobile targets without having complete control of the skies.

(4) A KC-135 refueling plane that was part of the American military campaign against Iran crashed over western Iraq after an incident involving another plane, US Central Command said Thursday night.

(5) The basic assumptions that have underpinned hedging strategies for decades are coming undone by the escalating war in Iran.

Podcast Conversation: America’s Decade-Long AI War Efforts Get a Trial by Fire in Iran

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Brent jumped back above $100 a barrel after the Iran war led to more shipping turmoil in the Middle East and China tightened fuel export curbs to cope with the impacts of the conflict.

(2) President Donald Trump said the massive release of emergency oil reserves approved by the International Energy Agency would ease energy price pressures while the US seeks to “finish the job” in its campaign against Iran.

(3) Goldman Sachs and Citigroup have told staffers in Dubai to stay away from their offices as Iran’s attacks on Gulf cities continue.

(4) The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period.

(5) President Donald Trump’s administration started the first of several sweeping trade investigations that set the stage for new tariffs, the centerpiece of a push to replace levies struck down by the US Supreme Court.

(6) Prime Minister Keir Starmer appointed Peter Mandelson as US ambassador despite an official vetting process that warned his ties to disgraced financier Jeffrey Epstein entailed “reputational risks.”

Podcast Conversation: Netflix is making a big investment in AI

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The International Energy Agency has proposed the largest ever release of oil reserves, according to the Wall Street Journal, as governments seek to contain a spike in energy prices driven by the Middle East war.

(2) President Donald Trump warned Iran against laying mines in the Strait of Hormuz and threatened to blow up any ship attempting to do so, underscoring his determination to get oil flowing through the vital waterway after almost two weeks of war.President Donald Trump warned Iran against laying mines in the Strait of Hormuz and threatened to blow up any ship attempting to do so, underscoring his determination to get oil flowing through the vital waterway after almost two weeks of war.

(3) Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran.

(4) The European Central Bank will ensure the war in Iran doesn’t inflict the same inflation pain on the euro zone as Russia’s invasion of Ukraine did, according to President Christine Lagarde.

(5) The cost of meeting net zero is less than a single fossil fuel price shock, the UK’s official climate adviser said.

(6) According to a stinging barb from Donald Trump, Britons are being led by a Prime Minister who is no Winston Churchill. Soon they will have to cope without the popular wartime leader on their banknotes too.

(7) Some of the world’s biggest hedge funds known for their steady returns suffered hundreds of millions of dollars in losses last week after the war against Iran triggered wild market moves and hit portfolios across the industry.

Podcast Conversation: Travel Problems Aren't Just Centered on Dubai

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said he would waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted on Monday that the war with Iran would resolve “very soon” as he confronted mounting economic and political pressure and days of dramatic fluctuations in oil markets.

(2) Oil tumbled after US President Donald Trump said the Iran war will end soon, as he faces mounting pressure over the conflict that’s upended global energy markets and sparked concerns about an inflation crisis.

(3) Russian President Vladimir Putin and his US counterpart Donald Trump discussed Iran in their first phone talk this year.

(4) Until last month, airlines couldn’t get new aircraft fast enough, with both Airbus and Boeing struggling to keep up with surging demand. The 11-day war in Iran has upended that outlook

(5) The Bank of England faces the prospect of UK inflation rebounding to as high as 5%, with traders ramping up bets on a reversal of recent cuts to interest rates.

Podcast Conversation: Enough Cool Heads Are Pulling Back From the Brink

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil soared above $100 a barrel as more major Middle East producers curbed production, the Strait of Hormuz remained all but closed, and the US threatened to deepen a conflict that has upended energy markets.

(2) Equities tumbled and a global bond selloff deepened as crude oil surged above $100 a barrel for the first time since 2022, with the US-Israeli war against Iran showing no sign of easing and both sides appearing set to prolong the conflict. The dollar rose.

(3) Iran named the son of the late Ayatollah Ali Khamenei as its new supreme leader and President Donald Trump called $100 oil a “small price to pay,” with neither side showing any sign of deescalating a war now entering its 10th day.

(4) President Donald Trump is weighing the option of deploying special forces on the ground to seize Iran’s near-bomb-grade uranium, as officials grow increasingly concerned the stockpile may have been moved, according to three diplomatic officials briefed on the matter.

(5) UK Prime Minister Keir Starmer raised the prospect of intervening to help households with soaring energy bills as oil prices hit $100-a-barrel for the first time since 2022, with little sign that the war in Iran is nearing resolution.

(6) Chancellor Friedrich Merz suffered a setback when his conservatives lost a regional election to the Greens, a stinging blow for the unpopular German leader compounded by a jump in support for the far right.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to Paris nuclear talks.
In Asia – a look ahead to legislative elections in Vietnam.

See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A barrage of Iranian missiles and drones targeted at least five countries across the Middle East, prompting several governments to urge their citizens to take shelter, while Israel carried out a 12th wave of airstrikes on Tehran and the US suspended operations at its embassy in Kuwait.

(2) The US has cleared the way for India to temporarily increase its purchases of Russian oil, reversing months of pressure on the world’s third-largest crude importer as an escalating conflict in the Persian Gulf upends energy flows.

(3) As Dubai residents sat on their balconies watching Iranian missiles being intercepted, London-based recruiter Ashwin Anil started getting calls and texts from prospective hires contemplating a move to the Gulf metropolis. Half of them were now having doubts.

(4) For years, Europe has endured President Donald Trump’s complaints that it is a complacent continent hiding under America’s security umbrella. Now, as he launches the first open-ended military campaign of his presidency, its leaders find themselves holding something he still needs: their bases, airspace and strategic geography.

(5) US military forces are turning to a range of artificial intelligence tools to quickly manage enormous amounts of data for operations against Iran, according to US Central Command, highlighting the emerging technology’s growing role in warfare.

(6) Nvidia has long been the world’s AI kingmaker. Now, the Trump administration is considering taking a formal role in the industry that would include similarly sweeping powers.

Podcast Conversation: Hormuz Is the Hidden Risk to the AI Economy

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump expressed confidence in the US military campaign against Iran even as the timeline for operations remained deeply unclear on the fifth day of the Middle East war.

(2) Real change in Iran will require a sustained US military focus in the Middle East that could wear down US weapons stockpiles and leave it vulnerable to attacks from other adversaries such as Russia and China, former Secretary of State Antony Blinken said.

(3) Oil extended gains as the US and Israeli war against Iran disrupted crude flows to key importers, with the combatants vowing to press on with the conflict and top importer China seeking to conserve fuel.

(4) The financial and logistical troubles the Iran war is causing for the global aviation industry are compounding by the day, with the number of canceled flights to Middle East hubs surpassing 23,000 since fighting began.

(5) China set its most modest growth target since 1991, a tacit acknowledgment that the model powering the country’s economic rise is showing strains.

(6) Anthropic chief Dario Amodei has resumed discussions with the Pentagon about the way its AI models are used by the US military, raising the possibility that the two sides can resolve a feud that’s transfixed Silicon Valley.

Podcast Conversation: Billionaire Sitting On 16,000 Kilos of Gold Says Price Will Rise

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US-Israeli war against Iran shows no signs of easing this morning as more countries face being drawn into the conflict in the Middle East.

(2) President Donald Trump’s war with Iran threatens to deal a severe blow to a global economy still grappling with the impact of his historic tariff hike. For Europe, sustained higher energy prices would take the economy to the brink of recession.

(3) Chancellor of the Exchequer Rachel Reeves said the UK shouldn’t sacrifice its principles for more favorable trading terms with the US, as she stood by the government’s decision to withhold British backup for the American-Israeli assault on Iran.

(4) Donald Trump said he will “cut off all trade with Spain” after the country denied access to its military bases for his bombing campaign against Iran, spurring a sharp rebuke from Madrid that the US president must respect international trade agreements.

(5) German Chancellor Friedrich Merz said he intended to discuss with President Donald Trump the next steps in the war on Iran amid questions about the US administration’s endgame after it launched strikes on the Islamic Republic.

(6) Europe has found itself pulled into another war, scrambling to protect Cyprus at a moment of weakness.

Podcast Conversation: ‘OK, Time to Go’: Cabs, Cash and Twisted Routes to Escape Dubai

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Chancellor Rachel Reeves says Britain shouldn’t sacrifice its principles for more favorable trading terms with the US, as she discusses the UK's economic future. The chancellor sat down with Bloomberg's Head of Economics and Government Stephanie Flanders after issuing her Spring Statement on Tuesday, as she seeks to convince markets and voters that Britain’s public finances are resilient enough to weather the fallout from the conflict in Iran and rising global energy prices.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US sent conflicting messages about how long a war with Iran might last as Israel launched new airstrikes on Monday, with the widening conflict reverberating across the Middle East and upending energy markets.

(2) Just three days into the conflict, the Iran war has become attritional. Waves of drone attacks by the Islamic Republic are putting pressure on the defenses of the US and its partners from Bahrain to the United Arab Emirates, depleting weapons stockpiles. The outcome of the fight may depend on which side runs out of munitions first.

(3) The United Arab Emirates and Qatar are privately lobbying allies to help them persuade President Donald Trump to reach for an off-ramp that would keep US military operations against Iran short, according to people familiar with the matter.

(4) Having spent a year attempting to charm and appease Donald Trump, UK Prime Minister Keir Starmer on Monday drew a clear line in the sand: Britain will not join its closest military partner in offensive action against Iran.

(5) Oil extended gains as the US and Israel stepped up their war against Iran, while Tehran threatened a full closure of the Strait of Hormuz and hit the American embassy in Riyadh with drones.

(6) Chancellor of the Exchequer Rachel Reeves will use her economic statement on Tuesday to lament that the world is awash with uncertainty. And she’ll try not to contribute any more of it — by saying as little as possible.

(7) Emirates and Etihad Airways will resume limited operations as the carriers seek to ease some of the congestion caused by the airspace closing in the wake of the ongoing Iranian attacks.

Podcast Conversation: Polymarket Geopolitics Wagers Reach Record as Iran War Escalates

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On today's podcast:

(1) President Donald Trump said the bombing campaign against Iran will continue until its objectives are achieved, calling on the nation’s leaders to capitulate as a report indicated at least one top official in Tehran sought to resume nuclear talks with the US.

(2) Iran's Leader Ayatollah Khamenei’s demise has potentially seismic consequences for the Middle East and beyond. While it marks the end of an era for Iranians — the majority have only known one leader — for now, as the fighting continues in the Persian Gulf, the Islamic Republic as a system of rule continues to function.

(3) Europe scrambles to react, with the UK allowing the US to make use of British military bases for the specific purpose of destroying Iranian missile depots.

(4) The oil market’s nightmare scenario came true this weekend. European natural gas prices could more than double if shipping through the Strait of Hormuz is halted for one month, according to Goldman Sachs.

(5) Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world’s busiest airports.

(6) Dubai’s nightmare scenario unfolded Saturday: Defense systems repelling Iranian missiles and drones over its famous skyscrapers, explosions and plumes of black smoke rising out of the city-state’s most celebrated neighborhood.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the February jobs report, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to "Made in Europe" the tagline of a new scheme to rejuvenate Europe's defense, energy, and manufacturing sectors.
In Asia – a look ahead to China PMI data.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Netflix dropped out of the fight to buy Warner Bros. Discovery, clearing the way for rival bidder Paramount Skydance Corp. to clinch its $111 billion deal for the historic Hollywood studio.

(2) In the UK, The Green Party won a special election for a Manchester seat in the House of Commons, underscoring the threat posed to UK Prime Minister Keir Starmer’s governing Labour Party on its left flank.

(3) Anthropic rejected the Pentagon’s latest offer in a dispute over safeguards around the use of its artificial intelligence technology by the US military, escalating the standoff a day before a government deadline for the company to drop its restrictions or face severe consequences.

(4) US and Iranian officials ended the latest round of nuclear talks in Geneva on Thursday by agreeing to reconvene as soon as next week, opening the door to further diplomacy even as President Donald Trump masses military forces in the region.

(5) Former US Secretary of State Hillary Clinton said she denied any association with disgraced financier Jeffrey Epstein during a “repetitive” hours-long deposition before congressional investigators Thursday.

Podcast Conversation: What the First Billionaire Reveals About the First Trillionaire

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On today's podcast:

(1) Nvidia the dominant maker of artificial intelligence processors, failed to impress investors with its latest sales forecast, signaling that concerns about an overheated AI economy will continue to dog the company.

(2) President Donald Trump’s new tariff program will leave about €4.2 billion ($5 billion) of European Union exports facing levies above the 15% ceiling agreed in the EU-US trade accord.

(3) The UK’s top banks are resisting a regulatory initiative to boost lending by lowering their capital levels, people familiar with the matter said, casting doubt over an effort to boost growth.

(4) Cuban forces killed four people who had opened fire from a speedboat with Florida tags, an incident with the potential to escalate an already tense standoff with the US.

(5) The Trump administration imposed sanctions on more than 30 entities that support Iranian oil and weapons sales, ramping up pressure on Tehran amid nuclear talks and the looming threat of US airstrikes.

(6) President Donald Trump said this week the US would “easily” prevail in any military confrontation with Iran. Recent activity on the ground in the Islamic Republic, though, indicates any victory might be short-lived.

Podcast Conversation: Middle-Aged Patients Fuel Growing Demand for Subtle Nose Jobs

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On today's podcast:

(1) President Donald Trump offered a strident defense of his administration and economic record, declaring the nation is “bigger, better, richer and stronger than ever before” in a State of the Union address that contained few new policy announcements.

(2) HSBC reported better-than-estimated earnings for 2025 as Europe’s largest bank closed out a year in which its market value broke through £200 billion ($270 billion) for the first time in its history.

(3) A few weeks ago, analysts at UBS Group AG laid out a worst-case scenario for defaults in the private credit sector. Their outlook is even more grim now.

(4) Money manager Danny Moses, immortalized in The Big Short, said private credit and private equity firms’ push into retail products reminds him of the years preceding the subprime mortgage crisis.

(5) European Commission President Ursula von der Leyen said the bloc will deliver on its €90 billion ($106 billion) loan package to Ukraine “one way or another” as the war-battered nation is set to run out of funds in a matter of weeks.

(6) Lawyers acting for Peter Mandelson, the former UK ambassador to Washington who was linked to convicted sex offender Jeffrey Epstein, said his arrest at home was prompted by a “baseless” suggestion that he was about to flee the country.

(7) Spain is the euro zone’s fastest-growing major economy since 2022, but construction hasn't kept up and now its housing crisis is reaching a boiling point.

Podcast Conversation: MAGA Meets Europe: Trump’s Envoys Rip Up Diplomatic Playbook

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On today's podcast:

(1) Donald Trump’s new 10% global tariffs went into effect on Tuesday, kicking off a White House effort to preserve the president’s trade agenda after the Supreme Court struck down his original sweeping duties.

(2) The artificial intelligence “scare trade” erupted again on Monday as growing concerns about the disruptive power of AI dragged down shares of delivery, payments and software companies, and sent International Business Machines Corp. to its worst plunge in 25 years.

(3) JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously.

(4) UK police arrested Labour Party grandee Peter Mandelson on suspicion of misconduct in public office after the US Department of Justice released emails allegedly showing him forwarding government information to convicted sex offender Jeffrey Epstein.

(5) President Donald Trump’s efforts to end Russia’s invasion of Ukraine are stalling with peace talks deadlocked and the fighting largely at a stalemate after four years of war.

(6) Progress towards gender equality at the top of British businesses is 'achingly slow'. That's according to the CEO of the FTSE Women Leaders Review, which has released its latest report.

(7) Meta and its partner EssilorLuxottica are at an early lead in the market for smart glasses, but are finding they come from two very different corporate traditions, with distinct priorities.

Podcast Conversation: As Trump’s Takeover Threats Wane, Greenland Refocuses on Tourism

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On today's podcast:

(1) Senior US officials said President Donald Trump’s tariff defeat at the Supreme Court won’t unravel deals negotiated with US partners as they sought to defend the administration’s assertive trade policies.

(2) The European Parliament’s trade chief will propose freezing the ratification process of the European Union’s trade deal with the US until they’ve received details from President Donald Trump’s administration on its trade policy.

(3) After boasting for months about its preferential trade deal with US President Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs.

(4) Oil fell as investors weighed the odds of a nuclear deal between the US and Iran, with more negotiations on the issue expected later this week as American forces mass in the Middle East.

(5) Hungary plans to block every European Union decision concerning Ukraine, including a new sanctions package against Russia and key loans, until oil starts flowing again through the Druzhba pipeline in western Ukraine.

(6) Berlin dentists entrusted €2.2 billion ($2.6 billion) in retirement savings to a group of colleagues with more experience filling cavities than managing money. Now half of it is gone.

Podcast Conversation: The New Economics of Going Out Have Transformed Clubbing

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from chipmaker Nvidia along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to a special election in the UK.
In Asia – a look ahead to India Prime Minister Narendra Modi’s two-day visit to Israel.

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) The US military is stationing a vast array of forces in the Middle East, including two aircraft carriers, fighter jets and refueling tankers, with President Donald Trump saying that Iran had 10 to 15 days at most to strike a deal over its nuclear program.

(2) US President Donald Trump’s latest retraction of support for Britain’s deal to hand the Chagos Islands to Mauritius comes as the UK government holds off giving permission for him to use the Diego Garcia military base in the archipelago for any possible strike on Iran.

(3) The arrest of Andrew Mountbatten-Windsor on suspicion of misconduct in public office is a fresh nadir for the UK's most powerful family.

(4) European Central Bank President Christine Lagarde reiterated calls for global partnership to salvage an international order that not only benefits the strongest.

(5) Bank of America is committing $25 billion to private-credit deals, joining its Wall Street rivals in putting its own balance sheet behind lending in the fast-growing market, according to people with knowledge of the matter.

Podcast Conversation: The Boss’s Best Party Ever

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Federal Reserve officials appeared surprisingly wary of cutting interest rates when they met last month, with several even suggesting the central bank may need to raise rates if inflation remains stubbornly high.

(2) OpenAI is close to finalizing the first phase of a new funding round that is likely to bring in more than $100 billion, according to people familiar with the matter, a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools.

(3) French President Emmanuel Macron said the free speech defense of social media platforms is “pure bullshit,” pushing back against a key foreign policy goal of President Donald Trump.

(4) Oil steadied after its biggest daily gain since October, following a report that American military intervention in Iran could come sooner than expected.

(5) Nestlé is considering further reducing its footprint in the ice cream business, as new Chief Executive Officer Philipp Navratil reviews the company’s sprawling operations, people with knowledge of the matter said.

(6) Denmark's economy looks robust on paper, with employment at a record high and public finances strong, but many Danes are anxious about their professional futures due to layoffs at major companies.

Podcast Conversation: Travellers Are Dying To Solve A Murder Mystery On Vacation

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) The US and Iran made progress in nuclear talks in Geneva on Tuesday, with Tehran’s negotiators scheduled to return with a new proposal in two weeks, a US official said on Tuesday, a cautiously upbeat assessment that suggests the chances of an imminent military clash are low.

(2) Japan plans to invest up to $36 billion in US oil, gas and critical mineral projects, the first tranche of its $550 billion commitment under the trade agreement it struck with President Donald Trump.

(3) The ECB says Christine Lagarde hasn't made any decision about leaving her job as President early. That follows a report from the Financial Times - citing one person familiar with Lagarde's thinking - saying she wants to step down before France's Presidential election in April 2027.

(4) Anthropic is releasing a new artificial intelligence model that’s intended to be better at using people’s computers in increasingly complicated ways, building on the startup’s efforts to make AI tools more effective at streamlining tasks.

(5) Warren Buffett’s Berkshire Hathaway slashed its stake in Amazon. by more than 75% in the fourth quarter, while also building a stake in the New York Times Co., his last new bet as chief executive officer of the conglomerate.

(6) In the two years since the ban on internal combustion engine vehicles in Ethiopia, EV adoption has grown from less than 1% to nearly 6% of all of the vehicles on the road in the country — according to the government’s own figures — some way above the global average of 4%.

Podcast Conversation: Downsizing Is The Biggest Trend in Restaurants and Hotels Right Now

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) UK unemployment reached its highest since the pandemic and wage growth eased as the labor market continued to weaken, prompting traders to increase bets on further interest-rate cuts from the Bank of England.

(2) Iranian Foreign Minister Abbas Araghchi held talks with the head of the UN’s atomic watchdog in Geneva on Monday, ahead of a second round of nuclear negotiations with the US.

(3) BHP Group posted earnings at the upper end of analyst expectations, as a years-long effort to shore up copper production combined with a historic metals rally to offset a lackluster period for its giant iron ore business.

(4) Elon Musk’s SpaceX and wholly owned subsidiary xAI are competing in a secretive new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, according to people familiar with the matter.

(5) The UK government abandoned plans to cancel local elections scheduled for May in 30 areas, after the move sparked a fierce backlash including a lawsuit from Nigel Farage’s populist Reform UK party.

(6) Secretary of State Marco Rubio showered Viktor Orban with praise on a visit to Hungary as the US doubled down on its support for the strongman leader before an election that could bring an end to his 16 years in power.

Podcast Conversation: Why ‘Burnout’ Feminism Is Replacing the Girlboss, Lean In Era

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Iranian Foreign Minister Abbas Araghchi held talks with the head of the UN’s atomic watchdog in Geneva on Monday, ahead of a second round of nuclear negotiations with the US.

(2) BHP Group posted earnings at the upper end of analyst expectations, as a years-long effort to shore up copper production combined with a historic metals rally to offset a lackluster period for its giant iron ore business.

(3) Elon Musk’s SpaceX and wholly owned subsidiary xAI are competing in a secretive new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, according to people familiar with the matter.

(4) The UK government abandoned plans to cancel local elections scheduled for May in 30 areas, after the move sparked a fierce backlash including a lawsuit from Nigel Farage’s populist Reform UK party.

(5) Secretary of State Marco Rubio showered Viktor Orban with praise on a visit to Hungary as the US doubled down on its support for the strongman leader before an election that could bring an end to his 16 years in power.

Podcast Conversation: Why ‘Burnout’ Feminism Is Replacing the Girlboss, Lean In Era

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what he said was a drift away from their shared Western values.

(2) The European Union’s top diplomat Kaja Kallas rejected the picture of the bloc’s decline painted by the Trump administration and urged member states to accelerate Ukraine’s membership bid as a sign of the bloc’s power.

(3) Warner Bros Discovery is considering reopening sale talks with rival Hollywood studio Paramount Skydance Corp. after receiving its hostile suitor’s most recent amended offer, people with knowledge of the matter said.

(4) John Hurley, the Trump administration’s top sanctions official, is set to leave his post after friction with Treasury Secretary Scott Bessent, according to people familiar with the matter.

(5) Great Britain took their record gold medal tally to three at the Winter Olympics in Italy over the weekend.

Podcast Conversation: We’re Living in a Golden Age of Close-Up Magic

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to what to expect from homebuilders in the months ahead along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to UK jobs data.
In Asia – a look ahead to the Lunar New Year Holiday in China.

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) ogistics stocks plunged on Thursday as the group became the latest victim of the artificial intelligence “scare trade.” At the center of the selloff: a former karaoke company with a stock-market value of only $6 million.

(2) OpenAI has warned US lawmakers that its Chinese rival DeepSeek is using unfair and increasingly sophisticated methods to extract results from leading US AI models to train the next generation of its breakthrough R1 chatbot, according to a memo reviewed by Bloomberg News.

(3) Goldman Sachs' top lawyer Kathy Ruemmler is leaving the firm following a cache of Department of Justice documents showing her links with sex offender Jeffrey Epstein.

(4) Hungarian opposition leader Peter Magyar said he was secretly taped having sex with his former partner in 2024, preempting a potential release of a video that he called a “Russia-style” attempt to blackmail him before pivotal elections in April.

(5) UK Defense Secretary John Healey said allies have pledged as much as $35 billion in new military aid to Ukraine to strengthen its air defenses after a series of massive Russian air strikes on energy infrastructure and civilian targets.

Podcast Conversation: Waymo Tries Finding DoorDash Drivers to Shut Open Robotaxi Doors

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of President Donald Trump and bungling the release of files on disgraced financier Jeffrey Epstein during a fiery hearing Wednesday.

(2) Donald Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legislation aimed at ending the president’s levies on Canadian imports.

(3) The UK economy grew less than forecast in the fourth quarter as business investment shrank and services stagnated, adding to pressure on embattled Prime Minister Keir Starmer.

(4) Nuveen is buying Schroders Plc in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets.

(5) French President Emmanuel Macron returned to his “Made in Europe” push on the eve of a key European Union meeting, putting him at odds with German Chancellor Friedrich Merz over how best to tackle Europe’s economic woes.

Podcast Conversation: In Defense of Fakes: A Provocation

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of President Donald Trump and bungling the release of files on disgraced financier Jeffrey Epstein during a fiery hearing Wednesday.

(2) Donald Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legislation aimed at ending the president’s levies on Canadian imports.

(3) The British Prime Minister has labelled comments on immigration made by Manchester United's Co-Owner Jim Ratcliffe as 'offensive and wrong'. A spokesperson for Number 10 also called on the billionaire boss of Ineos Chemicals to apologise for the remarks made during an interview with Sky News. During the conversation Ratcliffe said the UK couldn't sustain its current population growth.

(4) French President Emmanuel Macron returned to his “Made in Europe” push on the eve of a key European Union meeting, putting him at odds with German Chancellor Friedrich Merz over how best to tackle Europe’s economic woes.

(5) WhatsApp said Russia’s government has moved to “fully block” its popular encrypted messaging service in the country as part of an effort to drive adoption of a new, state-sponsored app.

Podcast Conversation: In Defense of Fakes: A Provocation

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) At least 10 people are dead and 25 injured after a mass shooting in northeastern British Columbia, according to the police. The shootings were Canada's deadliest rampage since 2020.

(2) European Union leaders are finally ready to unify their markets to compete globally, European Council President Antonio Costa said, arguing that the fracturing world order is driving the continent to act.

(3) The European Parliament is moving closer to approving a trade deal with the US after senior lawmakers agreed to make some changes ahead of a vote planned this month.

(4) Russia’s crude shipments are holding steady in the face of mounting pressures on its critical oil trade, but the steeper discounts that are keeping the barrels flowing have hammered the Kremlin’s revenues.

(5) Kimbal Musk, a longtime director at Tesla and the brother of Elon Musk, was connected with at least two women through Jeffrey Epstein several years after the disgraced financier pleaded guilty to sex crimes, emails released by the US Justice Department show.

(6) Poland has never been more prosperous or more influential since regaining its independence as a sovereign state a little over a century ago. Data compiled by Bloomberg show that companies from Poland announced 22 acquisitions in Western Europe last year, the highest number on record, and another four are in the works this year.

Podcast Conversation: Young Car Collectors Snap Up the Classics They Idolized as Teens

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Keir Starmer’s cabinet members voiced their support for the prime minister on Monday, buying him time to shore up his beleaguered premiership after the Labour Party’s leader in Scotland urged him to quit.

(2) The European Union is preparing a series of options to embed Ukraine’s membership in a future peace deal, according to people familiar with the matter.

(3) The European Central Bank is striving to ensure inflation remains under control as part of efforts to fortify the continent’s economy, President Christine Lagarde said, urging lawmakers to follow through on a list of necessary reforms.

(4) US insurance broker stocks were pummeled Monday as the launch of an artificial intelligence tool from privately held online insurance shopping platform Insurify sparked fears about the industry facing disruption.

(5) A typical lower-income British household would have to wait 137 years to see its living standards double, according to the Resolution Foundation — more than three times longer than in the past.

(6) Aberdeen, with its windswept views of the North Sea, has for decades carried the title of Europe’s oil capital. Yet that status has been slipping for years, sharpening a political fight in Westminster over whether the industry is even worth salvaging at this point.

Podcast Conversation: Ferrari Shows Interior of EV Designed by Ex-Apple Executive Ive

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Keir Starmer’s future is in the balance after a crisis over the appointment of Peter Mandelson as ambassador to Washington claimed the UK prime minister’s closest aide.

(2) Chinese regulators have advised financial institutions to rein in their holdings of US Treasuries, citing concerns over concentration risks and market volatility, according to people familiar with the matter.

(3) Japanese Prime Minister Sanae Takaichi secured a historic election triumph, positioning her as the nation’s strongest leader in the postwar era in an outcome that sent stock prices and bond yields soaring.

(4) Iran’s President Masoud Pezeshkian described the Friday nuclear talks with Washington as “a step forward,” even as he pushed back against any attempts at intimidation.

(5) The Seattle Seahawks have won the Superbowl -- beating the New England Patriots 29 to 13, with the halftime performance by Puerto Rican artist Bad Bunny being attacked as "an affront to the Greatness of America".

(6) American activist investor Steven Wood’s one-man mission to overhaul the governance and culture of Swatch Group just became a lot harder. The company’s shares — the most shorted in Europe — recently had their best day ever, and are up 15% this year.

Podcast Conversation: Why Some People Live to 100 Despite Bad Habits

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to S jobs and CPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to International Energy Week in London.
In Asia – a look ahead to Softbank Earnings.

See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Amazon shares dropped after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors that its colossal bet on artificial intelligence may not pay off in the long run

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(2) All across Wall Street, day by day, the headlong rush into the most popular trades, from tech stocks to gold to cryptocurrencies, has given way to a sudden retreat from risk.

(3) Bitcoin whipsawed in a volatile trading session in Asia after a selloff that briefly dragged the token to a more than 50% retreat from its October peak.

(4) Bank of England Governor Andrew Bailey appeared to endorse markets betting on a 50% chance of an interest-rate cut in March after a more dovish-than-expected decision to maintain the cost of borrowing this month.

(5) The euro zone will need time to see further productivity gains from an AI-related investment boom, European Central Bank President Christine Lagarde said.

Podcast Conversation:At $7,700 a Day, Aman’s Cruises Test Travelers’ Price Limits

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) There have been many AI-driven selloffs in the three years since ChatGPT burst into the mainstream. Nothing, though, quite rivals the rout rippling through stock and credit markets this week.

(2) Silver fell sharply, wiping out a two-day recovery, as the white metal struggled to find a floor following a historic market rout. Gold also declined.

(3) Keir Starmer is not the first Labour prime minister to be plunged into crisis by Peter Mandelson. It’s not even the first time it’s happened to Starmer. The difference is that members of his own party are now starting to number his days as leader.

(4) The European Central Bank is set to hold interest rates steady for a fifth meeting, judging that the latest bout of global tensions and euro strength haven’t thrown the economy off course yet.

(5) The Bank of England will almost certainly leave interest rates on hold on Thursday and wait for more evidence that inflation is under control, despite mounting concerns about the UK labor market.

Podcast Conversation: Sack a Prince? Easy. Fire a Lord? Not So Much: Matthew Brooke

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) A new AI automation tool from Anthropic PBC sparked a $285 billion rout in stocks across the software, financial services and asset management sectors on Tuesday as investors raced to dump shares with even the slightest exposure.

(2) Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated. Total crypto market value has slumped by $467.6 billion since Jan. 29, according to CoinGecko data.

(3) The European Union will pitch the US on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week.

(4) London’s Metropolitan Police has started a criminal probe into Peter Mandelson over alleged misconduct in public office, after the UK government said it had referred communications between him and Jeffrey Epstein to the authorities.

(5) Novo Nordisk A/S shocked investors by forecasting a steep decline in sales this year, a sign of how intensifying price wars in obesity drugs and the Trump administration’s pressure on pharmaceutical prices will hit the company’s results.

Podcast Conversation: What happens when the Winter Olympics can’t rely on winter

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world’s richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration.

(2) Documents released by the US Department of Justice appear to show that Britain’s Peter Mandelson leaked sensitive government information to disgraced financier Jeffrey Epstein while serving as a minister.

(3) France’s parliament adopted a budget for 2026 after Prime Minister Sebastien Lecornu survived two no-confidence votes Monday, bringing the curtain down on months of political upheaval that’s rattled investor confidence in the country.

(4) The UK government is increasingly concerned that more protectionist policies pursued by the European Union could exclude British companies from supply chains in key sectors, derailing a reset in post-Brexit relations and potentially costing firms billions of pounds.

(5) President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries.

Podcast Conversation: From New York to London, There's Now a Martini on Every Menu

*Here's Why Outer Space Is the Next Frontier For Data Centers

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Peter Mandelson, Britain’s former ambassador to the US, resigned from the UK’s ruling Labour Party to avoid causing it “further embarrassment” after the latest revelations about his links to the disgraced financier Jeffrey Epstein.

(2) Gold extended losses, after its biggest plunge in more than a decade on Friday, as silver also sank deeper, reversing a record-breaking rally that appeared to have run too far, too fast.

(3) Prime Minister Keir Starmer said he still wants the UK to join the European Union’s flagship €150 billion ($178 billion) defense fund after negotiations last year ended in failure.

(4) Iran’s supreme leader warned of a “regional war” as tensions continued to mount over potential US strikes on Tehran and top Israeli military officials visited Washington.

(5) British engine maker Rolls-Royce Holdings Plc has halted a plan backed by millions in government funding to put a mini nuclear reactor on the Moon, the Telegraph reported.

Podcast Conversation: The Em Dash Wars: How LinkedIn Users Are Policing AI Writing

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the January jobs report and U.S tech earnings.
In the UK – a look ahead to the 2026 winter Olympic games.
In Asia – a look ahead to Japan’s snap election and a monetary policy decision from the Reserve Bank of Australia.
Michael McKee, Bloomberg International Economics and Policy Correspondent, to preview the January jobs report in the U.S.
Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, to preview U.S tech earnings.
Tommaso Ebhart, Bloomberg’s Milan Bureau Chief, to preview 2026 olympic games.
Paul Jackson, Bloomberg EcoGov Editor for Japan/Koreas, to preview snap Japan election.
James McIntyre, Bloomberg Economist for Australia and New Zealand, to preview RBA decision.

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter.

(2) The arrival of a US aircraft-carrier strike group in the Middle East has given President Donald Trump new, more forceful options to carry out his threats to attack Iran, but the choices carry serious risks of retaliation from Tehran.

(3) Apple delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins.

(4) Chinese automakers built nearly one in 10 passenger cars sold in Europe last month, a record share that caps a year of rapid growth led by brisk sales of hybrid and battery-powered vehicles.

(5) President Donald Trump warned the UK and Canada against striking fresh business deals with China, after their leaders visited Beijing this month in an effort to deepen ties with the world’s second-largest economy.

Podcast Conversation: Boosting Your Brain With a Chip Carries a Price: Parmy Olson

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) The world’s largest tech firms show no signs of easing up on AI spending, a record wave that’s propelling hardware providers like Samsung Electronics Co. and SK Hynix Inc. That’s even as doubts persist about the staying power of artificial intelligence demand to justify all that capital.

(2) Gold surged to a record above $5,500 an ounce, as a lack of liquidity accelerated a nine-day rally fueled by a weaker dollar and investor flight from sovereign bonds and currencies.

(3) Deutsche Bank AG was raided by German authorities as part of a money laundering probe looking at past dealings by staff with firms linked to the now-sanctioned Roman Abramovich, setting back the lender’s long-running effort to shed a previous reputation as a magnet for scandals.

(4) US, Danish and Greenlandic officials met Wednesday to discuss a new framework deal over Greenland, an attempt to satisfy President Donald Trump’s desire to see a greater American presence on the Arctic island that stops short of ceding it to the US.

(5) President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes far worse than the attack he ordered last June, increasing pressure on the regime and propelling oil prices higher.

Podcast Conversation: London Developers Are Snapping Up Empty Air Above Rooftops

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Your morning briefing. All the news you need to start your day

On today's podcast:
(1) President Donald Trump’s relaxed tone about the dollar selloff is fuelling speculation the US currency is at the start of a longer-term decline.

(2) Gold surged to a record high above $5,200 an ounce, extending a breakneck rally fuelled by US dollar weakness and a flight from sovereign bonds and currencies.

(3) UK Prime Minister Keir Starmer arrives in Beijing on Wednesday confident he can do what few leaders have shown the political dexterity to pull off: broaden trade ties with China without annoying President Donald Trump.

(4) Prime Minister Sebastien Lecornu survived renewed attempts to oust him over his plans for France’s public finances, bringing the country a step closer to securing a 2026 budget.

(5) Senate Majority Leader John Thune said the two parties are in talks with the White House over US government funding as Democrats threaten to force a partial US government shutdown following a mounting public backlash over President Donald Trump’s immigration crackdown in Minnesota.

Podcast Conversation: Claude Can’t Pay for Your Retirement

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Your morning briefing.

All the news you need to start your day

On today's podcast:

(1) Prime Minister Keir Starmer said the UK wouldn’t have to choose between the US and China, as he heralded “significant opportunities” for British businesses ahead of his trip to Beijing this week.

(2) The European Union and India are set to announce an agreement on a long-awaited trade deal on Tuesday, forging closer economic ties to hedge against US President Donald Trump’s tariffs.

(3) President Donald Trump threatened to hike tariffs on goods imported from South Korea to 25%, citing what he said was the failure of the country’s legislature to codify the trade deal the two nations reached last year.

(4) Gold rose, holding above $5,000 an ounce for a second day, as a weak US dollar helped to extend a blistering rally fueled by geopolitical risks and investor flight from sovereign bonds and currencies.

(5) Greg Bovino, the US Border Patrol commander who became the face of President Donald Trump’s sweeping immigration crackdown in Minneapolis, is leaving the city following a mounting public outcry over the killing of two US citizens by federal agents in recent weeks.

Podcast Conversation: ‘Melania’ Film Debuts at a Low Ebb for Documentaries in Theaters

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Senate Republican leaders plan to reject Democratic demands to split off funding for the Department of Homeland Security and pass the rest of a giant funding package needed to avert a partial government shutdown this week, a Senate GOP aide said.

(2) Gold surged past $5,000 an ounce for the first time, extending a breakneck rally fueled by US President Donald Trump’s reshaping of international relations and investor flight from sovereign bonds and currencies.

(3) Canada won’t be derailed in its efforts to diversify trade away from the US despite the latest threats from the Trump administration, Canadian Foreign Minister Anita Anand said.

(4) The yen extended gains to as much as 1.2% against the dollar as traders started the week on heightened alert for authorities intervening in the market following its recent slide.

(5) Keir Starmer’s rivals were looking for a pretext to mount a leadership challenge. The prime minister impeded one would-be successor this weekend but in doing so may have given others the reason they need to strike.

Podcast Conversation: Free-Solo Climber Honnold Conquers Taipei 101 Live on Netflix

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Tesla and some of the biggest names in tech.
In the UK – a look ahead to the UK Prime Minister’s visit to China.
In Asia – a look ahead to Apple’s earnings and why business in Asia is a key focal point.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Europe is ready to get back to work with the US, wary, frustrated and knowing it can’t trust an ally it’s relied on for decades.

(2) The US wants to rewrite its defense agreement with Denmark to remove any limits on its military presence in Greenland, people familiar with the matter said, in what’s become a focal point for negotiators looking to meet President Donald Trump’s demand for control over the territory.

(3) Russian President Vladimir Putin held about four hours of talks with US envoys Steve Witkoff and Jared Kushner in the Kremlin on the latest peace plan aimed at ending his war on Ukraine, with further negotiations set to begin Friday.

(4) TikTok and its Chinese parent ByteDance have closed a long-awaited deal to transfer parts of their US operations to American investors, securing the popular video app’s future in the US and avoiding a nationwide ban.

(5) JPMorgan Chase CEO Jamie Dimon was heading home after another whirlwind trip to Davos, when the news hit: President Donald Trump was suing him and his bank for $5 billion.

(6) Keir Starmer is bracing for a potential showdown with a key left-wing rival in a test of the British prime minister’s power to stave off the gathering threats to his job.

(7) Scientists have discovered the potential of the animals’ antibodies to thwart multiple diseases, and now drug developers are collectively plowing billions of dollars into the field and llama farms.

Podcast Conversation: From TACO to Widowmaker, a Guide to the Trades Driving Markets

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump said he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a “framework of a future deal” he said was reached regarding the island.

(2) Global stocks were set to extend a rally after US President Donald Trump abandoned his tariff threat against Europe, easing concerns about a renewed trade war.

(3) Russia’s President Vladimir Putin said he is ready to commit Russian assets that remain frozen in the US to rebuild Ukrainian regions damaged during the war after a peace treaty is concluded.

(4) British business leaders want the governing Labour Party to keep under-pressure Keir Starmer as prime minister, but many are open to the prospect of backing Nigel Farage’s Reform UK at the next election, a survey found.

(5) English teams have slipped out of the top four of Deloitte’s Money League for the first time in 29 years, according to an annual survey of the highest revenue generating football clubs globally.

Podcast Conversation: AI Chatbots Become Tone Police for Harried White-Collar Workers

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Your morning briefing, the news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump expressed confidence that the European Union would continue to invest in the US even if he imposed new tariffs related to his quest to take control of Greenland, a proposal that has angered leaders on the continent.

(2) Canadian Prime Minister Mark Carney used a major address in Davos to argue that the world’s middle powers must band together to resist coercion from aggressive superpowers

(3) JPMorgan Asset Management’s Bob Michele said the selloff in markets is a message to President Donald Trump’s administration to take action to restore calm as officials did after Liberation Day tariffs rattled investors last year.

(4) The UK government approved a new Chinese embassy in London, ending a years-long saga that had strained bilateral relations, and setting the stage for Prime Minister Keir Starmer to visit Beijing next week.

(5) The online brawl between Elon Musk and Ryanair Holdings Plc dragged into a second week, with the world’s richest man again floating the idea of buying the airline after clashing with its chief executive officer.

Podcast Conversation: Want to Get a Bonus? Buy Yourself a Blazer

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he will meet with several parties over his ambition to take control of Greenland during the upcoming World Economic Forum.

(2) US President Donald Trump took shots at French leader Emmanuel Macron for rejecting his invitation to join a proposed Board of Peace, and suggested he could impose a 200% tariff on champagne.

(3) French premier Sebastien Lecornu said he will use a constitutional tool to adopt the 2026 budget without a parliamentary vote, signaling he has secured sufficient parliamentary backing to survive subsequent no-confidence ballots.

(4) The UK appeared to lay the groundwork for approving China’s new embassy in London on the eve of a controversial decision that risks driving a deeper wedge both within the ruling Labour party and with the US administration.

(5) The UK government is asking the public whether social media should be banned for children under 16.

(6) Far from the financial hubs of Milan and London, in an unassuming building near the Naples waterfront, a small fixed income desk is quietly defying Wall Street stereotypes.

Podcast Conversation: Can Water Sommeliers Convince Us to Pay More for Premium H2O?

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) European Union leaders will hold an emergency meeting in the coming days to discuss President Donald Trump’s latest tariff threat as they explore possible retaliatory measures.

(2) Treasury Secretary Scott Bessent amplified President Donald Trump’s message to European allies that the US won’t back down on taking over Greenland, saying the continent is too weak to ensure its security.

(3) US President Donald Trump’s trade threats toward European governments over Greenland raise the possibility the latter may trim their holdings of US assets, supporting the euro, according to a Deutsche Bank AG strategist.

(4) Gunboat capitalism. MAGA Marxism. Techno-feudalism — whatever you call it, Donald Trump is upending the global economy as it has been viewed from Davos, the Swiss summit synonymous with wealth and power.

(5) China’s economy lost more momentum last quarter even as it met the government’s target in 2025, in another year of lopsided growth that will be hard to sustain in an era of protectionism around the world.

(6) Across the western world, governments are turning toward a familiar source of funds to address their fiscal challenges: the wealthy.

Podcast Conversation: Europe Has the Weapons for Greenland Tariff War

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Netflix and Intel.
In the UK – a look ahead to the World Economic Forum in Davos, Switzerland.
In Asia – a look ahead to China GDP data.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US officials have renewed the threat of possible military action against Iran after President Trump suggested the country's regime may have averted strikes by pledging not to execute protesters. America's envoy to the UN warned that 'all options are on the table' and that President Trump is a man of action.

(2) Heightened US-Iran rhetoric comes as Bloomberg Economics has found that Donald Trump is following through on a greater share of his threats in his second term as President. As Bloomberg's chief geo-economics analyst Jennifer Welch puts it, the shift suggests "Tehran shouldn't bet on TACO", referring to a popular investor shorthand for 'Trump Always Chickens Out'.

(3) President Donald Trump accepted Venezuelan opposition leader Maria Corina Machado’s Nobel Peace Prize medal at a White House meeting on Thursday as she tries to get back in his good graces while the future of her country is being shaped by the US.

(4) Wall Street’s five giant banks reported a record $134 billion of trading revenue from last year and an upswing in dealmaking. Morgan Stanley Chief Executive Officer Ted Pick started summing up his outlook after Wall Street’s banner year for trading with four words: “The setup is ideal.”

(5) China is pulling the plug on a key advantage held by high-frequency traders, removing servers dedicated to those firms out of local exchanges’ data centers, according to people familiar with the matter.

(6) The dramatic sacking of a senior Conservative and his defection hours later to Nigel Farage’s Reform UK all-but ended the chances of any deal to unite the British right, confirming the next general election as the most widely contested in decades.

Podcast Conversation: Why We’re All Trading Happy Hours for the Bathhouse

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Danish Foreign Minister Lars Lokke Rasmussen said a “fundamental disagreement” remained after a meeting of top diplomats in Washington, while announcing an agreement to form a high-level working group on Greenland amid threats of a US takeover.

(2) President Donald Trump indicated that he might hold off on attacking Iran for now after saying he was reassured by sources “on the other side” that the government in Tehran would stop killing people involved in widespread protests.

(3) President Donald Trump faulted Ukraine’s leader Volodymyr Zelenskiy as the main obstacle to an agreement to end the war Russia launched against his country four years ago.

(4) Donald Trump’s tariff war occupied US allies for much of last year. Now, President Xi Jinping is welcoming a procession of leaders looking to mend fences with the world’s other major economy.

(5) Elon Musk’s xAI is disabling the ability for people to use its Grok artificial intelligence chatbot to create sexualized images of real people, following widespread criticism that the company was allowing women and children to be victimized by the tool.

(6) An astronaut in need of doctors' care departed the International Space Station with three crewmates on Wednesday in NASA's first medical evacuation.

Podcast Conversation: Alcohol Use May Be Declining, But Consumers Still Want That Buzz

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump urged Iranians to continue protests against the government of Supreme Leader Ayatollah Ali Khamenei and warned he would “act accordingly” once he gets a sense for how many of the demonstrators have been killed.

(2) Greenland’s prime minister categorically ruled out joining the US and said the Arctic territory prefers to be in a union with Denmark, suggesting the island is putting independence plans on the back burner for now.

(3) President Donald Trump dismissed Jamie Dimon’s criticism over the Justice Department probe into the Federal Reserve, saying the JPMorgan Chase chief executive officer was “wrong” to suggest he was undermining the independence of the central bank.

(4) China’s trade surplus climbed to $1.2 trillion in 2025, extending a record run as the tariff war started by President Donald Trump sent exporters in search of markets beyond the US.

(5) The UK and European Union should have a “more serious” conversation about how they can step up their cooperation in financial services to boost both economies, according to the City of London’s governing body.

(6) Sweden, once a green pioneer, is now seeing its climate change ambitions unravel as populist groups are push back against environmental initiatives, spurred on in part by Donald Trump’s anti-green agenda.

Podcast Conversation: The New Year's Resolutions That Bosses From Chase, Nasdaq Keep

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investigation to pressure and intimidate the central bank.

(2) President Donald Trump said he is imposing a 25% tariff on goods from countries “doing business” with Iran, ratcheting up pressure on the government in Tehran that has been rocked by widespread protests.

(3) Japanese stocks extended their climb to record highs while the yen and government bonds slumped on speculation that Prime Minister Sanae Takaichi may soon call a snap election.

(4) UBS Chief Executive Officer Sergio Ermotti said the proposed new banking reforms in Switzerland go “too far” and that lender needs a competitive regulatory framework to grow.

(5) Finance ministers from the Group of Seven nations, along with officials from other countries, met Monday in Washington to discuss a path forward to “address vulnerabilities in critical minerals supply chains,” the Treasury department said in a statement.

(6) UK Prime Minister Keir Starmer escalated his threats against Elon Musk’s X on Monday, vowing to enforce a law that banned the sexualization of people’s images without their consent and calling such content generated by Grok as “disgusting and shameful.

Podcast Conversation: We’re Obsessed With Living Longer, But What About Living Better

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the Fed.

(2) As protesters pour into the streets of Iran night after night, leaders across the region and around the world are grappling with the possibility that the Islamic Republic could be overthrown — a seminal event that would transform global geopolitics and energy markets.

(3) A group of European countries, led by the UK and Germany, is discussing plans for a military presence in Greenland to show US President Donald Trump that the continent is serious about Arctic security and to try to tamp down American threats to take over the self-ruling Danish territory.

(4) Indonesia and Malaysia restricted access to Elon Musk’s Grok AI over the weekend, becoming the first countries to ban the artificial intelligence system over its generation of sexual content.

(5) UK employers cut back their hiring again in December, according to a closely watched survey that is likely to add to the Bank of England’s concerns about a weakening jobs market.

(6) An effort by Europe to stand up to China and retain local technology is approaching a breaking point. A court hearing in the Netherlands on Wednesday will be crucial for chipmaker Nexperia, which was wrested away from its Chinese owners Wingtech by a decision in October.

Podcast Conversation: How Keeping Score Makes Games Fun and Life Worse

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI data and bank earnings.
In the UK – a look at what to expect from the UK’s property market moving forward.
In Asia – a look ahead to China trade figures.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) An upcoming Supreme Court ruling on the legality of the sweeping tariffs that President Donald Trump rolled out in April, briefly sending shockwaves through markets, looms as one of the next big tests for US stocks and bonds.

(2) US President Donald Trump could find out as soon as Jan. 9 whether the Supreme Court will strike down a key portion of his tariffs campaign. The court is considering whether Trump can use an emergency law that had previously never been wielded to impose import taxes, and its decision could be included in an upcoming opinions release on unspecified cases.

(3) Rio Tinto Group is in talks to buy Glencore Plc to create the world’s biggest mining company with a combined market value of more than $200 billion, a little over a year after earlier talks between the two collapsed.

(4) China’s consumer-price growth accelerated last month thanks largely to higher food costs, as deflationary risks stalk the world’s second-biggest economy in the absence of more forceful stimulus measures.

(5) Trump administration officials have discussed sending payments ranging from $10,000 to $100,000 to Greenland residents, Reuters reports, citing four sources familiar with the matter.

Podcast Conversation: A Low-Tech Blog Is a Must-Have Accessory

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Leading Chinese oil companies with interests in Venezuela have asked Beijing for guidance on how to protect their investments as Washington cranks up pressure on the Latin American country to increase its economic ties with the US.

(2) British support for the US operation to seize a Russian-flagged oil tanker demonstrated the importance of the transatlantic security partnership, UK Defence Secretary John Healey said, even as tensions rise over President Donald Trump’s designs on Greenland.

(3) The US President has demanded a $500 billion increase in annual US defence spending - to build what Trump called the 'Dream Military'.In what appears to be a contradictory string of announcements, Donald Trump also threatened to exclude some of the companies most likely to benefit from the increase.

(4) US officials are rushing to come up with options for business deals and other ways to step up links to Greenland, taken by surprise by President Donald Trump’s renewed demand to take over the island, people familiar with the matter said.

(5) For the first time since Euronext NV’s own initial public offering more than a decade ago, companies raised less than $1 billion through IPOs across its exchanges in 2025, bearing the brunt of the continent’s capital markets stagnation.

Podcast Conversation: Pounds Pile On Faster Coming Off Obesity Drugs Than After a Diet

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump won’t rule out the use of military force to acquire Greenland, the White House said, escalating tension with Denmark, a fellow NATO member, over a dispute that’s surged back into public view following the ouster of Venezuelan strongman Nicolas Maduro.

(2) President Donald Trump said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries.

(3) A small fleet of ships booked by Chevron is sailing to Venezuela as the company emerges as the only exporter of the country’s oil following the ouster of President Nicolas Maduro by US forces.

(4) President Donald Trump’s administration and Ukraine’s allies converged toward an agreement to offer security guarantees long sought by Kyiv during a Tuesday meeting of the so-called coalition of the willing.

(5) Tokyo officials rebuked Beijing over trading curbs that threaten to impact more than 40% of Chinese exports to Japan, escalating a dispute between Asia’s largest economies.

(6) Business groups representing UK pubs and hotels held talks on Tuesday with Treasury officials as they push for further tax discounts to alleviate the burden of changes made by Chancellor of the Exchequer Rachel Reeves in her budget in November.

Podcast Conversation: Chinese Robot Vacuum Maker Shows Off Stair-Climbing Mode

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Venezuela’s government is reasserting itself after the capture of Nicolás Maduro, swearing in Delcy Rodríguez as acting president and flashing warning signs that a new wave of repression has begun.

(2) Ousted Venezuela President Nicolás Maduro pleaded not guilty on Monday to US charges in a narco-terrorism case against him, kicking off an extraordinary legal battle with major geopolitical ramifications.

(3) Prime Minister Mette Frederiksen said that if Donald Trump were to attack the Danish island of Greenland that would mean the end of the NATO alliance.

(4) European leaders and US officials aim to finalize an agreement on security guarantees that include the possibility of American boots on the ground in postwar Ukraine in a bid to ensure that any peace deal endures.

(5) More than half of British companies’ finance chiefs expect artificial intelligence to deliver a growth boost, in a sign of rising optimism over the technology’s potential to transform the economy.

(6) It’s no secret that the rich are rethinking their ties to the UK in the fallout from sweeping tax reforms brought in last year. Cracks are now starting to appear in so-called family offices — investment firms for super-rich individuals and dynasties.

Podcast Conversation: Bets on Maduro, Jesus Show Promise and Risks of Prediction Boom

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said the US needs “total access” to Venezuela as questions mount about the country’s leadership following the capture of President Nicolás Maduro.

(2) Nicolás Maduro will have already spent more than 24 hours in one of the toughest US jails when he appears in court Monday to face charges that could keep him behind bars for the rest of his life.

(3) Realizing President Donald Trump’s plan for a US-led revival of Venezuela’s beleaguered oil industry could be a years-long and challenging process costing upwards of $100 billion.

(4) Prime Minister Keir Starmer warned his governing Labour Party that removing him in 2026 would plunge Britain into “utter chaos” and open the door to a far-right government.

(5) Elon Musk’s Grok is facing mounting criticism and threats of government action around the world after the artificial intelligence chatbot created sexualized images, including of minors, on the social media platform X in response to user prompts.

Podcast Conversation: US Says Raid Months in the Making Captured Maduro in Just Hours

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to what’s in store for commodities and housing in 2026.
In the UK – a look at the culinary and cultural trends to watch for in Europe next year.
In Asia – a look ahead to why the Reserve Bank of Australia may be set to pivot to interest rate increases in the new year.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Swiss police said about 40 people were killed and 115 injured after a fire broke out in a bar in the ski resort of Crans-Montana during New Year celebrations.

(2) European Central Bank President Christine Lagarde said Bulgaria joining the euro area on Thursday is a testament to Europe’s ability to collaborate and defy international headwinds.

(3) Stocks opened the new year with artificial intelligence and chipmaking once again dominating market moves. Precious metals — another hot corner of the market in 2025 — also advanced.

(4) BYD met its full-year sales target and likely surpassed Tesla to become the world’s largest electric-vehicle maker in 2025 — a milestone overshadowed by a challenging outlook for the Chinese auto market in the year ahead.

(5) Zohran Mamdani unapologetically promised to lead New York City as a democratic socialist during a frigid inauguration ceremony on the steps of City Hall, a warning to those who believed he might moderate his positions after taking office.

Podcast Conversation: Skip a New Year’s Resolution and Make Jan. 2 ‘Defaults Day’ Instead

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Artificial Intelligence and Big Tech dominated market sentiment in 2025. Now, we look to what may come in the new year. In this episode, Nathan Hager speaks with Wedbush Managing Director and Senior Equity Research Analyst Dan Ives and Deepwater Managing Partner and Co-Founder Gene Munster. Ives and Munster offer their short and long-term outlook for the technology industry heading into 2026.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The MSCI All Country World Index — one of the broadest measures of the equity market — has still risen 21% this year, supported by Federal Reserve interest-rate cuts and enthusiasm over artificial intelligence. Silver outperformed most assets, surging over 140%. Asian equities are primed for their best year since 2017.

(2) President Xi Jinping declared China is set to meet its economic targets for 2025, with growth expected to reach “about 5%,” providing an upbeat backdrop to data showing a recovery in the nation’s manufacturing sector.

(3) Rail services between London and continental Europe have resumed after a power issue in the Channel Tunnel led to mass cancellations yesterday. Some Eurostar passenger trains did manage to leave London but ground to a halt before entering the tunnel, forcing hundreds of passengers to spend the night stranded on board.

(4) Thieves have stolen valuables worth millions of euros from safety deposit boxes inside a German bank vault. Images released by police show a large hole drilled through a wall and the vault left ransacked. According to Sparkasse bank, around 2,700 customers were affected by the theft in the city of Gelsenkirchen

(5) Warner Bros Discovery plans to once again reject a takeover bid from Paramount Skydance Corp. after the rival media company amended the terms of its offer, according to people familiar with the company’s thinking.

Podcast Conversation: How Wine Will Change in 2026, From Climate Impacts to Gen Z

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Silver recovered some losses after its biggest one-day drop in more than five years, with a lingering supply shortage keeping the metal on track for a monthly gain of about a third.

(2) President Donald Trump’s campaign to end the war in Ukraine faced new complications on Monday when Vladimir Putin said he would revise his country’s negotiating position after the Russian leader claimed Ukrainian drones targeted his residence.

(3) President Donald Trump expressed concern that Iran is moving to rebuild its nuclear capabilities and bolster its ballistic missile program after strikes by the US and Israel earlier this year, and threatened to target the country again to prevent Tehran from stockpiling weapons.

(4) Pockets of London’s so-called stockbroker belt suffered the biggest house price declines in 2025, as the South East of England and the capital fell behind regions in the north.

(5) The UK knighted its new envoy to the US alongside The Wire actor Idris Elba and a former Tory donor who pulled his support for the opposition party earlier this year in a New Year’s honors list that also recognizes Britain’s victorious sportswomen in 2025.

Podcast Conversation: Your Mum and Dad Are Influencers Now, Too: Andreea Papuc

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he made “a lot of progress” in talks with Ukrainian President Volodymyr Zelenskiy over a possible peace deal, but that it might take a few weeks to get it done and there’s no set timeline.

(2) Global stocks held at record highs, while silver rallied to a new peak before turning sharply lower as trading winds down heading into year-end.

(3) In the UK, opposition parties are calling for British-Egyptian democracy activist Alaa Abdel Fattah to be deported, after it emerged that he had posted social media messages over a decade ago, calling for Zionists to be killed.

(4) Thierry Breton, the former European Union official who was sanctioned last week by the Trump administration, said the bloc must resist US attempts to influence its legislation aimed at regulating social media platforms.

(5) China kicked off military maneuvers around Taiwan that will include live-fire drills, a move that comes after the US announced one of its biggest arms packages ever for the self-run democracy.

Podcast Conversation: What Happens When We Insist on Automating Our Fun?: Essay

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

John Authers, Bloomberg Opinion Columnist, discusses the five forces that broke Capitalism
Tim Craighead, Bloomberg Intelligence Bloomberg Intelligence Global Chief Content Officer, describes the European stocks to watch in 2026
John Lee, Bloomberg Intelligence APAC content manager, looks at what we can expect from Asian stocks in 2026

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On this special Christmas edition of Bloomberg Daybreak, host Nathan Hager speaks with:

Cameron Dawson, Chief Investment Officer at Newedge Wealth and Brian Levitt, Global Market Strategist at Invesco discuss what we should expect from markets in 2026
Amanda Agati, Chief Investment Officer at PNC, breaks down the cost of the 12 days of Christmas.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The French National Assembly approved a stopgap budget law for 2026 to keep the state running into January after lawmakers failed to reach an agreement on the full fiscal plan.

(2) The Trump administration on Tuesday imposed visa sanctions on former European Union Commissioner Thierry Breton and four other people for trying to make American tech companies police political speech on their platforms.

(3) Gold rose to an all-time high above $4,500 an ounce on escalating tensions in Venezuela and expectations for more US rate cuts. Silver and platinum also advanced to records.

(4) The Justice Department’s long-awaited rollout of the Jeffrey Epstein files has been a chaotic spectacle that, so far, has largely turned the spotlight back to his previously known associates, including President Donald Trump and former President Bill Clinton, while fueling frustrations.

(5) Alan Howard, co-founder of Brevan Howard Asset Management, joined the ranks of wealthy individuals exiting the UK amid tax hikes, surfacing as a resident of Switzerland.

Podcast Conversation: Five Top Tables: Where to Eat in Edinburgh for Business, Value

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump warned President Nicolas Maduro not to challenge the US and vowed to keep oil seized from a supertanker but declined to say if he’s seeking to oust the Venezuelan leader.

(2) Larry Ellison is throwing his personal fortune behind Paramount Skydance’s bid for Warner Bros. Discovery, aiming to give his son’s company an advantage in a fiercely contested takeover battle with Netflix.

(3) Novo Nordisk won approval to sell a pill version of its blockbuster obesity shot Wegovy in the US, a crucial step in its effort to defend its market share from rival Eli Lilly

(4) Bank of America Chief Executive Officer Brian Moynihan said that artificial intelligence is starting to have a bigger impact on the US economy.

(5) UK businesses ended 2025 feeling more upbeat about the economy’s prospects after they were spared much of the tax pain at last month’s budget.

Podcast Conversation: Restaurants Turn to Sweet Wines to Save Labor, Fatten the Check

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline for the country and isolate the government of President Nicolás Maduro.

(2) Gold rose to an all-time high, as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades.

(3) US special envoy Steve Witkoff said Trump administration officials held “productive and constructive” meetings with Ukrainian and European counterparts in Florida as part of ongoing efforts to end the war.

(4) Justice Department officials were protecting victims of Jeffrey Epstein when they removed several images from agency’s release of files tied to the notorious sex offender, Deputy Attorney General Todd Blanche said.

(5) Uber Technologies and Lyft are each teaming up with Baidu to trial driverless taxis in the UK, as ride-sharing companies race to deploy autonomous services around the world.

Podcast Conversation: Last-Minute Gift Guide for Whiskey, Wine and Spirits Lovers

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S GDP data and a tech outlook for 2026.
In the UK – a look at UK politics and what 2026 may hold in store for Prime Minister Keir Starmer.
In Asia – a look ahead to the challenges facing China’s economy in 2026.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) European Union leaders reached an agreement to loan Ukraine €90 billion ($106 billion) for the next two years, aiming to strengthen Kyiv’s hand at the negotiating table and keep the war-torn country afloat.

(2) The Bank of Japan raised its benchmark interest rate to the highest in 30 years and said more increases are in the pipeline if conditions allow, in a sign of growing conviction that it can attain the stable inflation target it has pursued for more than a decade.

(3) The Bank of England cut interest rates but joined a wave of other central banks in warning that the speed and scale of future reductions is now in the balance.

(4) Officials have found the dead body of the suspected shooter in a Brown University rampage and the murder of a Massachusetts Institute of Technology professor in his Boston-area home.

(5) TikTok’s long-delayed plan to separate from Chinese parent ByteDance Ltd. was put in motion Thursday when the video sharing sensation said it’s being bought by a group of buyers led by Oracle.

(6) Wells Fargo was sued by a former manager who says he was fired for pushing the bank to create a more diverse workforce and objecting to its practice of interviewing minority applicants for jobs that were already filled.

(7) As shoppers at London’s renowned Selfridges department store soaked in the festive mood ahead of Christmas in 2021, the billionaire Weston family were closing in on the sale of the landmark. But instead the family got caught up in the collapse of Benko’s €23 billion empire less than two years after the Selfridges deal.

Podcast Conversation: Blackstone Parodies ‘Midlife Crisis’ in Annual Holiday Video

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The EU's foreign policy chief Kaja Kallas says it's a "crucial" moment for Ukraine's future, as European leaders meet in Brussels to decide on how to financially support Kyiv. "Putin is banking on us to fail, and we shouldn't give them that," she told Bloomberg's Stephen Carroll in Brussels.

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On today's podcast:

(1) The Bank of England will likely deliver a pre-Christmas interest-rate cut on Thursday as concerns shift away from inflation and toward the UK’s struggling economy and jobs market.

(2) Central banks hike when there is a risk of inflation re-accelerating or when policy is judged to be too loose. Neither condition applies right now, tilting risks to hawkish disappointment weighing on the euro.

(3) BP appointed Meg O’Neill as its new chief executive officer, making her Big Oil’s first female leader, as the company struggles to revive its fortunes after a botched pivot toward renewable energy.

(4) OpenAI has held funding talks with investors to raise tens of billions of dollars at a valuation of $750 billion, according to a report in the Information.

(5) Chancellor Friedrich Merz said that German troops could participate in a coalition to secure a demilitarized zone in Ukraine after a possible peace agreement with Russia.

(6) Driven by a funding vacuum caused by post-financial crisis banking regulations, private credit has evolved from a relatively niche form of financing to become an important part of Europe's property lending landscape

Podcast Conversation: Where to Eat in Brussels from Business to Value

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On today's podcast:

(1) The Trump administration threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent companies, including Accenture, Siemens and Spotify Technology , as possible targets for new restrictions or fees.

(2) President Donald Trump said he was ordering a blockade of sanctioned oil tankers going into and leaving Venezuela, ratcheting up pressure on Caracas amid a US military buildup in the region and the threat of land strikes.

(3) French President Emmanuel Macron said in a Financial Times op-ed that placing tariffs and quotas on Chinese imports would be “an uncooperative answer” to address its trade imbalance with the European Union.

(4) The UK’s Labour government passed a workers’ rights package that expands protections for employees and achieves a key policy goal of the party’s left.

(5) OpenAI is in initial discussions to raise at least $10 billion from Amazon.com Inc. and use its chips, a potential win for the online retailer’s effort to broaden its AI industry presence and compete with Nvidia.

(6) Jared Kushner’s splashy projects in the Balkans are colliding with the realities of doing business in the region.

Podcast Conversation: High Coffee Prices Are Changing How People Take Their Daily Brew

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On today's podcast:

(1) The Olayan Group, a Saudi empire led by sisters Lubna and Hutham Olayan, has grown in influence, with a nearly $13 billion stock portfolio in the US and stakes in companies like BlackRock Inc. and JPMorgan.

(2) US negotiators offered more significant security guarantees to Kyiv as part of President Donald Trump’s renewed push to end the Russia-Ukraine war, but the effort still appeared part of a bid to pressure President Volodymyr Zelenskiy on territory.

(3) Nasdaq, the second-largest exchange in the US, is looking for regulatory approval to extend trading hours on its stock venues to 23 hours during the work week.

(4) President Donald Trump sued the BBC for at least $10 billion over a misleading edit in a documentary last year that gave the impression he’d made a direct call for violence in a speech leading up to the Jan. 6, 2021, attack on the US Capitol by his supporters.

(5) The UK finalized a long-awaited free trade agreement with South Korea that the government said would boost exporters from automaker Bentley to beverages firm Diageo.

Podcast Conversation: The 25 Best Places to Travel in 2026, From Argentina to Gabon

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) At around 6:47 p.m., as the sun began to fade on a warm Sunday afternoon at Sydney’s iconic Bondi Beach, the first gunshots rang out. Soon two gunmen were spotted in a parking lot close to a grassy area just off the beach, where more than 1,000 members of the Jewish community in Australia had gathered to celebrate the first day of Hanukkah.

(2) President Volodymyr Zelenskiy signaled that Ukraine could accept security guarantees from the US and Europe as a way to prevent future Russian aggression, and substitute for its long-term goal of joining NATO.

(3) Brown University, mourning two students killed during a shooting rampage Saturday, sent students home and called off final exams, classes and assignments for the fall semester.

(4) Wage growth for the lowest-paid workers is starting to slow as a worsening jobs market undercuts the bargaining power of a section of the workforce that has proved resistant to the Bank of England’s inflation-fighting efforts, new data shows.

(5) The head of Britain's Armed Forces says the "whole nation" needs to become more resilient and prioritise industry and infrastructure to deter the growing threat from Russia.In speech later today, the UK Chief of the Defence Staff Richard Knighton will warn the price of peace is increasing, as Russia attempts to divide and destroy NATO.

Podcast Conversation: AI Is Getting Dangerously Good at Political Persuasion

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the November jobs report and quarterly earnings from Nike.
In the UK – a look ahead to the Conference of Paris.
In Asia – a look ahead to the next monetary policy decision from the Bank of Japan.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said the US would be willing to contribute assistance to Ukraine as part of a security agreement to end the war with Russia, but continued to express frustration with the pace of talks.

(2) The seizure of an enormous oil supertanker off the coast of Venezuela on Wednesday is just the beginning of a new phase in the Trump administration’s ramped-up pressure campaign against Nicolas Maduro, according to people familiar with the operation.

(3) The premium Britain pays to finance its debts has narrowed thanks to Chancellor of the Exchequer Rachel Reeves shoring up the public finances in her budget last month, and a helping hand from her central bank.

(4) Broadcom, a chip company vying with Nvidia for AI computing revenue, suffered a stock slide after its sales outlook for the red-hot market failed to meet investors’ lofty expectations.

(5) China Vanke, the last big survivor of the country’s yearslong property crunch, sent investors an innocuous-looking announcement about a $3.1 billion loan agreement with a state-owned shareholder. But the Nov. 2 statement contained a twist: Shenzhen Metro Group, which had given unwavering support to the developer for nearly two years, now set a cap on any further financing.

Podcast Conversation: Bob Iger Just Got the Better of Sam Altman: Dave Lee

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela, marking a serious escalation of tensions between the two countries.

(2) Ukraine sent a revised peace plan to Washington as President Donald Trump held a call with European leaders, according to a person familiar, as both sides scramble to keep efforts on track to end Russia’s invasion.

(3) Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026.

(4) Oracle shares fell more than 10% in extended trading after the company reported a jump in spending on AI data centers and other equipment, rising outlays that are taking longer to translate into cloud revenue than investors want.

(5) London is experiencing the most widespread declines in house prices in the UK, estate agents warned, as the capital bears the brunt of Labour’s new tax on high-value homes.

(6) Poland is the European Union’s biggest coal producer, but Europe’s Coal Mining Holdout Braces for Its Inevitable Demise

Podcast Conversation: Diageo Taps Into Guinness Boom With New London Tourist Hub

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve officials are primed to deliver a third consecutive interest-rate cut on Wednesday, but the streak may end there.

(2) France’s National Assembly adopted a social security bill for next year, avoiding a potential government crisis and making it more likely lawmakers will pass a new budget by year-end.

(3) Australia’s social media ban for youths took effect Wednesday, a landmark move that’s drawn global attention at a time governments are increasingly enacting rules to shield minors from harmful online content.

(4) President Donald Trump said Russia is in a stronger military position in its war on Ukraine and scolded European leaders for what he called excessive dialog that’s produced scant results in his latest broadside against historical allies.

(5) HSBC's CEO Georges Elhedery says not enough executives at the bank were fully accountable for their performance - before he began his radical restructuring of the lender 15 months ago.

Podcast Conversation: In Reality, Japan Is No Country for Old Salarymen: Gearoid Reidy

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Paramount has launched a hostile takeover bid for Warner Bros. Discovery Inc at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt.

(2) European leaders are increasingly confident they will reach a deal to use frozen Russian assets before the end of the year following talks in London, even as a gulf remains between Europe and the US on providing security guarantees for Kyiv.

(3) President Donald Trump granted Nvidia Corp. permission to ship its H200 artificial intelligence chip to China in exchange for a 25% surcharge, a move that lets the world’s most valuable company potentially regain billions of dollars in lost business from a key global market.

(4) Unilever's new spinoff - The Magnum Ice Cream Company - was valued lower than some analysts expected in its debut on the Amsterdam Stock Exchange. Magnum shares closed at €12.97 each on Monday, giving the company a market value of €7.94 billion.

(5) US Treasury yields climbed to the highest in more than two months on Monday. It comes amid a slump in global bonds, ahead of the Federal Reserve interest-rate decision tomorrow.

(6) Black Friday discounts failed to prevent a slowdown in UK retail - adding to evidence that speculation of tax rises ahead of the Autumn budget damaged consumer confidence.

Podcast Conversation: Fancy Going Out in London? Good Luck Finding a Table Now

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) JPMorgan Chief Executive Officer Jamie Dimon called out slow bureaucracy in Europe in a warning that a “weak” continent poses a major economic risk to the US.

(2) Keir Starmer will host Ukrainian President Volodymyr Zelenskiy in London on Monday as the UK prime minister and other key European leaders seek to steer US-led peace talks toward a resolution that protects Ukraine from the prospect of future Russian aggression.

(3) US President Donald Trump raised potential antitrust concerns around Netflix’s planned $72 billion acquisition of Warner Bros. Discovery, noting that the market share of the combined entity may pose problems

(4) Yardeni Research now recommends effectively going underweight the Magnificent Seven megacap technology stocks versus the rest of the S&P 500, expecting a shift in earnings growth ahead.

(5) UK homes worth more than £2 million ($2.7 million) could drop about 5% in value next year as the market adjusts to a so-called mansion tax, according to forecasts from Hamptons.

Podcast Conversation: The Games Wall Street Plays

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to next week’s Fed decision and earnings from Oracle and Adobe.
In the UK – a look ahead to the Blackhat cybersecurity conference.
In Asia – a look ahead to China consumer and producer price data.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Chancellor Friedrich Merz’s ruling coalition with the Social Democrats faces a key vote in parliament on Friday that could precipitate its demise only seven months into its four-year term.

(2) President Vladimir Putin arrived in New Delhi for his first state visit to India since Russia’s full-scale invasion of Ukraine, showcasing warming ties that have angered the US and led to hefty trade tariffs.

(3) Jane Street’s record haul this year has been boosted by savvy bets on the artificial intelligence boom that are showing up as big gains in its trading results, according to people familiar with the matter.

(4) Booker Prize-winning author Salman Rushdie warned that the banning of books in parts of the US is contributing to “unexpected amounts of pressure” on free expression around the world.

(5) Jamie Oliver is bringing his Italian restaurants back to the UK six years after the chain collapsed into insolvency, returning at a time when the industry’s facing what he calls a “horror show” of higher costs and weak demand.

Podcast Conversation: Are We in a Stock Bubble? This Is the Only Thread You Need

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French President Emmanuel Macron sought Chinese leader Xi Jinping’s help in ending the war in Ukraine and urged Beijing to boost investment in France, as both sides look to rebalance their economic ties.

(2) The UK government appears poised to approve China’s plan for a massive new embassy in London, as Prime Minister Keir Starmer looks to put spying fears aside and revive his plans for a diplomatic reset with Beijing.

(3) Donald Trump’s aides and allies are discussing the possibility of making Treasury Secretary Scott Bessent the top White House economic adviser — in addition to his current job — should the president pick Kevin Hassett as the next chair of the Federal Reserve, according to people familiar with the matter.

(4) The London Stock Exchange Group has agreed a deal with OpenAI that will give ChatGPT access to its licensed financial news and data.

(5) Meta Platforms has poached Apple Inc.’s most prominent design executive in a major coup that underscores a push by the social networking giant into AI-equipped consumer devices.

Podcast Conversation:Can Quality of Life Be A Superpower? Ask Finland: Lionel Laurent

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Kremlin said Vladimir Putin held “very useful” talks with US envoys Steve Witkoff and Jared Kushner though the sides failed to reach agreement on a plan to end Russia’s war in Ukraine.

(2) The European Union has reached a deal to phase out Russian gas faster than originally planned, a move that aims to finally sever ties between the bloc and its once-primary energy supplier.

(3) French President Emmanuel Macron is preparing for talks with President Xi Jinping as part of a three-day visit to China in the wake of its dispute with Japan over Taiwan's status.

(4) London listings will make a comeback starting next year, aided by a recently unveiled stamp duty holiday, as a top banker at Goldman Sachs says the City must stay competitive compared to its rivals.

(5) OpenAI's CEO Sam Altman is redirecting internal resources to speed up improvements to ChatGPT, declaring a “code red” situation that will delay work on other initiatives.

Podcast Conversation: Is AI Burnishing the Beatles Legacy or Ruining It?

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff.

(2) The European Union’s top diplomat expressed concern that US attempts to push Ukraine into a lopsided peace plan would only encourage Russia’s warmongering as Kyiv’s allies brace themselves for a week of talks to end Moscow’s invasion.

(3) As Europe embarks on a historic rearming effort, its defense companies are scrambling for a vital component in high-tech weapons: rare earth minerals, which more nimble US rivals are scooping up.

(4) The UK will adopt a more pro-business approach to China but not trade its national security for greater trade ties, Keir Starmer said as he sought to clarify his Labour administration’s approach to the Asian nation.

(5) The dispute between China and Japan could drag on for a year, Taiwanese Foreign Minister Lin Chia-lung said, adding Taipei hoped the two sides can find a way to resolve their differences.

Podcast Conversation: The Ultimate Foodie Gifts for Anyone Who Likes to Cook and Eat (1)

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Rachel Reeves denied misleading the British public about the state of the UK’s public finances ahead of her budget, as she faced ongoing criticism over her messaging in the run-up to Wednesday’s £26 billion package of tax hikes.

(2) Prime Minister Keir Starmer said he’ll make a renewed push to curb UK welfare spending, as he vies to revive his ailing premiership and sell a budget which was poorly received by voters.

(3) US and Ukrainian negotiators said they had productive discussions about a framework for a peace deal, but there was no final breakthrough as President Donald Trump continues to push for a truce with Russia.

(4) President Donald Trump said Sunday he has decided on his pick for the next Federal Reserve chair after making clear he expects his nominee to deliver interest-rate cuts.

(5) Switzerland voted to reject a 50% inheritance tax on super-rich residents after wealthy entrepreneurs threatened to leave the country.

PODCAST CONVERSATION: Inside the Ostrich Effect: How Ignorance Has Become a Survival Strategy

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Crowdstrike, Snowflake, and Salesforce.
In the UK – a look ahead to the seventh Milken Institute Middle East and Africa Summit.
In Asia – a look ahead to whether Asia's Labubu toy has hit its peak.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Hong Kong’s deadliest fire in decades, which killed at least 94 people and injured 76, has intensified scrutiny of the city’s safety-inspection system and whether officials responded forcefully enough to warning signs.

(2) The UK government dropped a key measure from its flagship workers’ rights package in a bid to quell concerns of businesses who had warned the legislation would damage growth and employment.

(3) US President Donald Trump’s proposals for ending the war in Ukraine could be the basis for future agreements, but no final version exists yet, Russian President Vladimir Putin said, while signaling an openness to talks.

(4) Top Chinese diplomat Wang Yi used a call with his French counterpart to say the two sides needed to support each other, underscoring Beijing’s push to win diplomatic backing during a spat with Japan.

(5) Coffee lovers hoping for quick relief from historically high prices may have to wait longer as the expected pullback from a reduction in US tariffs has yet to materialize, according to Italian roaster Illycaffe.

Podcast Conversation: Sorry Mom. The Shopping Bots Suggested a Bathrobe for Christmas

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves did enough in her budget to help her and Prime Minister Keir Starmer survive, building back a vital fiscal buffer and expanding welfare.

(2) The UK government is expecting a bigger windfall from major reforms to a preferential tax system for wealthy residents, despite a growing number of ultra-rich individuals relocating to other territories.

(3) Hong Kong’s deadliest residential fire in decades has killed at least 44 people and left hundreds missing, throwing fresh scrutiny on the city’s housing standards as Chinese President Xi Jinping urges all-out efforts to reduce casualties

(4) Global equities were close to erasing their November losses as rising bets for Federal Reserve interest-rate cuts revived markets after a selloff sparked by worries over frothy AI valuations.

(5) US economic activity was little changed in recent weeks, though overall consumer spending declined further except among higher-end shoppers, the Federal Reserve said.

Podcast Conversation: To Wear or Not to Wear PJs Is the Ultimate Air Travel Question

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UK Chancellor of the Exchequer Rachel Reeves expanded her fiscal headroom to £22 billion by upping a range of taxes including: a levy on homes valued above £2 million, increasing fuel duty, and freezing the threshold people start paying income tax for longer. But her crucial budget was overshadowed when the Office for Budget Responsibility released its economic analysis, including all the budget's key measures, ahead of the Chancellor's big speech. Our budget top team of Bloomberg's Chief UK economist Dan Hanson, our UK Political Editor Alex Wickham, and Opinion Columnists Rosa Prince and Marcus Ashworth.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) In the 83 days since UK Chancellor of the Exchequer Rachel Reeves announced the date of her second budget, she’s told both bond-market investors and Labour Party backbenchers that it’s been drafted with them in mind. Today it will become clear whether she can please both of these very different audiences.

(2) Reform UK's leader Nigel Farage has rejected claims he made racist comments as a teenager, after an investigation rocked his attempts to paint Reform UK as a moderate party.

(3) US presidential envoy Steve Witkoff, fresh from the triumph of the Gaza peace deal, held a phone call last month with a senior Kremlin official to suggest they work together on a similar plan for Ukraine — and that Vladimir Putin should raise it with Donald Trump.

(4) White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.

(5) Apple will retake its crown as the world’s largest smartphone maker for the first time in more than a decade, lifted by the successful debut of a new iPhone series and a rush of consumers upgrading devices, according to Counterpoint Research.

(6) During the Ukraine war, Russia has stepped up its courting of African governments with offers of military cooperation, weapons, grain, and fertilizers - but also fish.

Podcast Conversation: AI Slop Recipes Are Taking Over the Internet — And Thanksgiving Dinner

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On today's podcast:

(1) Russia and Ukraine exchanged fire early Tuesday with heavy air raids on Kyiv and assaults on southern Russian areas, just hours after President Donald Trump struck a positive tone on prospects for a ceasefire deal.

(2) The European Union’s antitrust chief ruled out easing the bloc’s tech rulebook, after US Commerce Secretary Howard Lutnick said Brussels needed to change its digital regulations in order to get a deal to lower steel and aluminum tariffs.

(3) President Donald Trump held back-to-back calls with the leaders of China and Japan, as escalating tensions over Taiwan threaten to derail his weeks-old trade truce with Beijing.

(4) Nvidia shares fell on a report that Meta Platforms is in talks to spend billions on Google’s AI chips, suggesting the internet search leader is making headway in efforts to rival the industry’s bestselling AI accelerator.

(5) Chancellor Rachel Reeves will slash the amount Britons can save in their tax-free cash ISA each year to £12,000 in a bid to get households investing more in UK stocks.

(6) Pret’s CEO is searching for the right recipe for the chain in a post-pandemic world where inflation remains high, competition is stiff and consumers are feeling the pinch.

Podcast Conversation: Is Food No Longer What Makes a Great Restaurant Great?

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump’s proposed Nov. 27 deadline to secure Ukraine’s support for a US-backed peace plan isn’t set in stone and could drift into the following week, US Secretary of State Marco Rubio said, suggesting that plenty of work remains.

(2) Chief executive officers are bracing for Rachel Reeves to pile further costs on their businesses in her budget — and some are warning they’ll slash investment in the UK if she does.

(3) BHP Group has walked away from a fresh takeover approach for Anglo American Plc, ending an unexpected and short-lived attempt by the world’s largest miner to thwart a planned tie-up between its smaller rival and Canada’s Teck Resources.

(4) British Prime Minister Keir Starmer unveiled a strategy to make critical minerals at home and reduce reliance on the fragile global supply chain.

(5) In President Donald Trump’s second term, crypto assets transformed his family’s wealth. Now the Trumps — and their followers — are getting a crash course in the wild volatility ingrained in digital currencies.

(6) Five years after being battered by Covid-19 and the rise of home working, Canary Wharf is making a comeback.

Podcast Conversation: How Breathwork Became the New Meditation

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AI is rising on the agendas of global CEOs, according to the latest edition of the CEO Radar. But a surprising number of chief executives are still struggling to embed the technology into their businesses. On this episode of the CEO Radar Podcast, Edward Adams of Bloomberg Media Studios is joined by BCG Global Chair Rich Lesser and Vlad Lukić, BCG Global Leader of Tech and Digital Advantage, to explore how CEOs can compare themselves to their peers when it comes to corporate integration of AI.

This episode is sponsored by BCG.

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Bloomberg Daybreak Weekend with Host Nathan Hager takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Dell, Kohl’s Abercrombie & Finch, and retail ahead of the holiday season.
In the UK – a look ahead to the UK's highly anticipated autumn budget.
In Asia – a look ahead to China PMI data.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Stocks are poised for their worst week in seven months as concerns over lofty valuations and the payoff of massive investments in AI prompt investors to retreat from riskier assets.

(2) Japanese Prime Minister Sanae Takaichi’s cabinet approved the largest round of extra spending since the pandemic, deploying funds to address the frustrations of voters.

(3) A 28-point peace plan floated by US and Russian envoys would force Ukraine to cede large chunks of territory taken by Russia, acceding to many of President Vladimir Putin’s wartime demands.

(4) Germany is pressing the European Union to strike a last-minute deal to let the UK access the bloc’s massive defense fund before a deadline at the end of the month.

(5) A closely-watched index of consumer confidence in the UK has fallen on every measure ahead of the Labour’s government’s budget next week, at which it is expected to raise taxes.

(6) UEFA, the European football governing body, increased the value of the broadcast rights for its top-five markets by more than 20% for the next cycle.

Podcast Conversation: The Curse of Angry Crowds Has Now Reached Every Sport

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Your morning briefing, the business news you need in just 15 minutes.

Content Warning: This episode contains discussion of sexual assault and suicide.

On today's podcast:
(1) Nvidia delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector.

(2) US President Donald Trump signed legislation to compel the Department of Justice to release files on the late, disgraced financier Jeffrey Epstein.

(3) China is considering new measures to turn around its struggling property market, as concerns mount that a further weakening of the sector will threaten to destabilize its financial system.

(4) Many Federal Reserve officials said it would likely be appropriate to keep interest rates steady for the remainder of 2025, according to minutes of the central bank's October 28-29 meeting.

(5) Oxford University Has Failed Women Over Harassment Concerns, Staff Say.

Podcast Conversation: The Five Things Luxury Shoppers Want Right Now

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Stocks edged lower in the runup to Nvidia Corp.’s earnings, a key test for market stability, after concerns over lofty valuations triggered a selloff that wiped out about $1.6 trillion from global equities.

(2) Nvidia, the world’s most valuable company, is set to deliver a quarterly report Wednesday that could assure Wall Street that the AI computing boom continues apace — or fuel fears that the tech industry is in a bubble.

(3) China has told Japan it will suspend imports of Japanese seafood, Kyodo News reported, in a move that signals their diplomatic spat is far from over and could further strain economic ties.

(4) The UK’s domestic security service warned British lawmakers of new Chinese-backed efforts to target them online, reigniting concerns about espionage by Beijing around Parliament.

(5) The European Union’s deep economic ties to China are constraining its ability to pressure Beijing over Russia’s war in Ukraine, the bloc’s top diplomat said.

(6) Donald Trump’s firm control of Washington showed signs of weakening Tuesday as Congress voted to compel the Justice Department to release its files on sex trafficker Jeffrey Epstein, whose earlier ties to the president have been the subject of intense scrutiny.

Podcast Conversation: In Dubai, a $1.1 Million AI Chef Is Running Its Own Restaurant

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On today's podcast:

(1) Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market before a high-stakes week featuring Nvidia Corp.’s earnings and a pivotal US jobs report.

(2) The eye-watering valuations of artificial intelligence champions such as Nvidia Corp., which enjoys a market cap of $5 trillion, prompt a question: Will AI’s growth revolution match investors’ hopes?

(3) President Donald Trump said the US would sell F-35 fighter jets to Saudi Arabia, offering Crown Prince Mohammed bin Salman a prize he’s long cherished — even though many obstacles remain before he gets the stealthy planes.

(4) The UK is drawing up countermeasures against the European Union’s proposed steel tariff increase in the event that Prime Minister Keir Starmer cannot secure a deal to blunt their impact.

(5) German Chancellor Friedrich Merz joined European politicians in saying the bloc’s banking regulations are too strict as the US gives lenders an easier ride to free up financing for the economy.

Podcast Conversation: Bezos Brings Signature Management Style to $6 Billion AI Startup

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On today's podcast:

(1) Just a little more than a month after reaching an all-time high, Bitcoin has erased the more than 30% gain registered since the start of the year as the exuberance over the pro-crypto stance of the Trump administration fades.

(2) Keir Starmer’s government plans to make it easier to remove migrants with no rights to stay in the UK, as the prime minister seeks to gain control of the political narrative after one of the most bruising weeks of his 16 months in power.

(3) Oil traders are not counting on OPEC+ to cut production next year, despite forecasts that a global supply surplus could send prices even lower.

(4) President Donald Trump said proposed Senate legislation to sanction countries conducting business with Russia would be “okay with me,” his strongest indication yet that he would support a monthslong push to strangle Moscow’s funding.

(5) German Finance Minister Lars Klingbeil pressed for an “open, rules-based global trading system” as he departed for a high-stakes visit to Asia, as frictions over trade restrictions between the US, China and Europe ramp up.

Podcast Conversation: The Best Gifts of 2025

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Nvidia, Walmart, and Target.
In the UK – a look ahead to the European Business Summit.
In Asia – a look ahead to Japan’s upcoming GDP report.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK Chancellor Rachel Reeves is considering dropping plans to raise the headline rates of income tax and a slew of other levies in her upcoming budget.

(2) China’s economic activity cooled more than expected at the start of the fourth quarter with an unprecedented slump in investment and slower growth in industrial output.

(3) US President Donald Trump is readying substantial tariff cuts and trade deals as he seeks to address voter concerns over high food prices and the cost of goods.

(4) The BBC's Chairman Samir Shah has written to the White House expressing remorse to US President Donald Trump for a misleading documentary edit of his January 6th speech in 2021.

(5) EU officials are looking at how to transform the European Securities & Markets Authority into a more sweeping watchdog like the SEC in the United States.

Podcast Conversation: How to Get Your Vintage Timepiece Safely Serviced

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump signed legislation to end the longest government shutdown in US history, marking the official conclusion to a 43-day impasse.

(2) The European Union is set to propose a plan to the US that would implement the next phase of the trade agreement the two sides reached this summer.

(3) Top trade negotiators from Switzerland are headed to Washington, aiming to complete negotiations on a trade deal with the US that would lower the 39% tariff rate on Swiss goods.

(4) Rachel Reeves should get billions of pounds of extra room in her upcoming budget, UK Treasury officials believe, thanks to her plan to cut household bills and bring down inflation.

(5) Prime Minister Keir Starmer tried to draw a line under squabbling within his Labour Party and called for unity after an alleged challenge for his job exposed questions about his future.

(6) Democrats returned to pressing Donald Trump on his ties to Jeffrey Epstein, highlighting a selection of emails in which he suggested the president knew of his activities.

Podcast Conversation: In Europe, the Oldest Ideas in Wellness Get a New Spotlight

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Allies of Keir Starmer sought to ward off a feared leadership challenge from one of the British premier’s best-known ministers, as cabinet feuds spilled into the open just weeks before the government is due to unveil a contentious budget.

(2) The weakness in the UK labor market is likely to have been overstated, economists and policymakers warned, after new figures shifted the narrative in Westminster and financial markets ahead of the budget.

(3) Asian stocks rose alongside Treasuries after softer US jobs data strengthened bets on a Federal Reserve interest-rate cut, boosting market sentiment.

(4) Banks in China are asking clients to take out loans and then immediately repay them, with the bank covering the interest, in a practice known as "quick-lend-and-recover".

(5) The US military is exploring whether to build a temporary base capable of housing 10,000 people near the Gaza Strip as part of its push for a stabilization force of troops from other countries to monitor a ceasefire between Israel and Hamas.

(6) Germany must start dialing back its borrowing limits from 2029 to ensure solid public finances over the long term, according to the Bundesbank.

Podcast Conversation: Harvest Report: 2025 Is Turning Out to Be a Great Year for Wine

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On today's podcast:

(1) The European Commission is exploring ways to force European Union member states to phase out Huawei Technologies Co. and ZTE Corp. from their telecommunications networks, according to people familiar with the matter.

(2) Switzerland is close to securing a 15% tariff on its exports to the US, in what would be a relief for the country after it was hit with a punishing 39% levy in August, according to people familiar with the matter.

(3) A record-setting 41-day US government shutdown is on a path to end as soon as Wednesday after the Senate passed a temporary funding measure backed by a group of eight centrist Democrats.

(4) Rachel Reeves indicated the Labour Party may be preparing to break its election promises not to raise taxes, as she looks ahead to what she called a “difficult” UK budget.

(5) Donald Trump notched another victory in his war on the media when the UK’s national broadcaster apologized over a misleading edit of the US president’s remarks and two executives resigned.

(6) Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus.

Podcast Conversation: Microsoft Influencers Try to Make Copilot as Cool as ChatGPT

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On today's podcast:

(1) The US Senate took a major step toward re-opening the government after a group of moderate Democrats broke with their party leaders and voted to support a deal to end the record-breaking shutdown.

(2) British Broadcasting Corp. Director-General Tim Davie is resigning from the UK national broadcaster amid allegations it misled viewers by editing President Donald Trump’s remarks in a Panorama documentary last year.

(3) More than a quarter of large UK businesses expect to cut jobs within the next year due to the impact of artificial intelligence. That's according to a CIPD survey of more than 2,000 employers, showing 62% of them believe junior managerial or administrative roles are most likely to be lost due to AI.

(4) No matter which way the S&P 500 Index goes after a tumultuous month, options volatility looks to be headed higher. The benchmark snapped a three-week run of gains, pushing for a time on Friday the Cboe Volatility Index well above 20, a sign of growing market stress.

(5) The odds of extreme cold this winter in the US, Asia and parts of Europe are climbing, threatening to boost energy bills for consumers already grappling with high costs and economic uncertainty.

Podcast Conversation: Young Supercar Collectors Don't Fear Risking Their Investments

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Walt Disney and Paramount-Skydance.
In the UK – a look ahead to Portugal’s Web Summit.
In Asia – a look ahead to China Singles’ day.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Tesla shareholders have approved a $1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader.

(2) OpenAI CEO Sam Altman pushed back at the idea that the company would seek federal guarantees to reduce the risk of its AI infrastructure spending spree.

(3) Hungary's Prime Minister Viktor Orban visits the White House later today, hoping his friendship with Donald Trump can spare his country from US sanctions on Russian oil.

(4) The Bank of England has warned that Chancellor Rachel Reeves will deliver her budget amid weak investment, rising unemployment, and slowing growth.

(5) Comcast is in talks to acquire ITV's media and entertainment unit in a deal that would dramatically shake up the UK broadcasting landscape.

(6) Goldman Sachs is promoting the smallest proportion of women to managing director since Chief Executive Officer David Solomon took the top job in 2018.

Podcast Conversation: Foreign-Language Oscar Contenders Find a Home at the Multiplex

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On today's podcast:

(1) The Bank of England will likely keep interest rates unchanged today at 4% in what is expected to be a closely contested decision.

(2) The UK's biggest business lobby has warned Rachel Reeves against hitting companies with a series of smaller tax rises, saying she should "prioritize long-term prosperity over short-term thinking."

(3) The US Supreme Court appeared skeptical of President Donald Trump’s sweeping global tariffs, as key justices suggested he had overstepped his authority with his signature economic policy.

(4) European economy commissioner Valdis Dombrovskis has signalled that the EU is willing to accommodate international concerns about its ESG rules, as the bloc fields threats from the US and Qatar.

(5) Nvidia's CEO Jensen Huang has warned that China will beat the US in the artificial intelligence race in part due to lower energy costs and looser regulations, he told the Financial Times.

(6) The US plans to cut domestic flight capacity by 10% at 40 major airports across the country if the government shutdown continues.

Podcast Conversation: JPMorgan’s Billionaire Clients Want Sports Teams More Than Fine Art

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On today's podcast:

(1) Zohran Mamdani was elected the 111th mayor of New York in a historic victory that will put an avowed democratic socialist in charge of the city that serves as the capital of global finance.

(2) The global selloff in semiconductor stocks accelerated on concern over lofty valuations for some of the artificial intelligence boom’s biggest winners.

(3) UK Chancellor of the Exchequer Rachel Reeves will meet CEOs from top insurers in Downing Street on Wednesday, as she seeks to encourage more investment in the City ahead of a tricky budget later this month.

(4) European Union member states clinched a preliminary deal to reduce emissions by 90% through 2040 compared with 1990 levels, a move that bolsters the bloc’s climate leadership credentials ahead of the COP30 summit.

(5) WhatsApp, the popular messaging service owned by Meta Platforms Inc., introduced a standalone Apple Watch app that makes it easier for users to interact with their chats from Apple Inc.’s smartwatch without pulling out an iPhone.

Podcast Conversation: I Saw a Vision of Chocolate’s Future in an Amsterdam Brownie

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Chancellor of the Exchequer Rachel Reeves declined to reiterate Labour’s manifesto commitment against broad-based tax hikes, as she made an unusual appeal to the British public to support her upcoming budget.

In a rare pre-budget speech in Downing Street carried on national broadcasters, Reeves argued she would prioritize bringing down borrowing costs and inflation, and blamed the previous Conservative administration for putting lasting pressure on the public finances.

In the clearest hint yet that the Labour government will compromise on its commitment to avoid lifting the UK’s main tax levers, Reeves said the world had changed since it came to power in July 2024.

In this special episode of the Bloomberg Daybreak Europe Podcast, Stephen Carroll and Caroline Hepker discuss with UK Correspondent Lizzy Burden, Bloomberg Opinion columnist Marcus Ashworth, and our Chief UK economist Dan Hanson.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The current environment for large mergers and acquisitions is quite “constructive” for 2026 and 2027, particularly in the US, according to the chief executive officer of Goldman Sachs

(2) The global stock rally hit a speed bump as uncertainty over the Federal Reserve’s policy outlook and earnings from Palantir Technologies Inc. made investors more cautious.

(3) Alphabet sold $17.5 billion of bonds in the US, after issuing €6.5 billion ($7.48 billion) of notes in Europe, adding to a wave of borrowing from technology companies as they invest aggressively in artificial intelligence.

(4) Prime Minister Keir Starmer warned that his government will make “tough but fair decisions” in what’s expected to be a tax-raising budget later this month.

(5) Zohran Mamdani’s lead heading into the New York mayoral election has withstood a furious push from Republicans, establishment Democrats and a coalition of Wall Street dealmakers, leaving Democrats to face a familiar question should he win on Tuesday.

Podcast Conversation: Men’s Groups (Not ‘Boys Clubs’) Quietly Emerge in Big Business

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Oil advanced a fourth day after OPEC+ said it planned to pause output increases in the first quarter of 2026, following another modest hike for next month.

(2) A railway staff member who "saved many people's lives" while protecting train passengers from a knifeman is in a life-threatening condition in hospital.

(3) An exit charge for wealthy Britons leaving the country and increased levies on expensive homes are on a long-list of possible tax increases being considered by Chancellor of the Exchequer Rachel Reeves ahead of the budget.

(4) President Donald Trump threatened possible US military action against Islamist militants in Nigeria if the country’s government doesn’t halt the groups’ “killing of Christians.”

(5) China will effectively suspend implementation of additional export controls on rare-earth metals and terminate investigations targeting US companies in the semiconductor supply chain, the White House announced.

Podcast Conversation: 'The Great British Bake Off' Is a Great British Betting Zone

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week

In the US – a look at how earnings are impacting global markets
In the UK – we preview the Bank of England rate decision
In Asia – looking ahead to the RBA Decision and Chinese economic data

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Apple blamed a surprise decline in China revenue on supply disruptions, predicting it will return to growth in the world’s biggest smartphone arena as the iPhone 17 gains momentum.

(2) Amazon’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals.

(3) Chinese leader Xi Jinping warned against “breaking supply chains,” in his first public remarks after a landmark meeting with US President Donald Trump that secured a one-year truce in the world’s biggest trade fight.

(4) King Charles III on Thursday stripped his disgraced brother Prince Andrew of his remaining titles and evicted him from his royal residence after weeks of pressure to act over his relationship with sex offender Jeffrey Epstein, Buckingham Palace said.

(5) In more than one way, Rob Jetten, the head of the liberal D66 party who might become the next Dutch prime minister, offers a stark contrast to Geert Wilders, the divisive anti-migrant lawmaker who heads the far-right Freedom Party.

(6) Shares of the world’s top listed beer, wine and spirits makers have shed a combined $830 billion in a little more than four years as the industry grapples with monumental change.

Russia’s tactics and hardware in Ukraine, its growing cooperation with China in the Bering Strait, shifts in activity off Norway, and the persistent challenge of the shadow fleet all reinforce his concerns of a looming threat that Denmark and its allies must prepare to confront.

Podcast Conversation: Don't Have a Cow Over the Steak Economy

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump and Xi Jinping wrapped up their highly-anticipated summit after around an hour and a half on Thursday, concluding talks they hoped would quell an expansive trade fight that has shaken global markets.

(2) The largest technology companies are betting on an AI future powered by gigantic complexes of data centers filled with humming servers.

(3) Federal Reserve Chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight interest-rate cut with another in December.

(4) Prime Minister Keir Starmer refused to rule out raising income tax, national insurance or value added tax at the upcoming budget, suggesting the government may break its pre-election promises in order to fill a growing hole in the public finances.

Dutch Election: The progressive Democrats 66 party was on track to win the Dutch parliamentary election after voters dealt a blow to Geert Wilders’ far-right Freedom Party and threw support behind mainstream political groups.

Podcast Conversation: Starbucks Drinkers Are Exiting Fast, Not Lingering Over Coffee

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Nvidia Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are on track to generate half a trillion dollars in revenue.

(2) Donald Trump said he expects to lower tariffs the US has imposed on Chinese goods over the fentanyl crisis and speak with China’s Xi Jinping about Nvidia Corp.’s flagship Blackwell artificial intelligence chip, as leaders of the world’s biggest economies seek to ease tensions in a meeting on Thursday.

(3) UBS Group profit beat expectations in the third quarter as investment banking revenue and lower-than-forecast legal costs boosted performance.

(4) Deutsche Bank AG exceeded analyst estimates for fixed-income trading, and Banco Santander posted third-quarter results that beat analysts’ estimates in its sixth consecutive quarterly record.

(5) Hurricane Melissa is expected to make landfall in Cuba just hours after it became the strongest recorded storm to strike Jamaica, where it left hundreds of thousands without power and forced hospitals to evacuate.

(6) Prime Minister Benjamin Netanyahu ordered “forceful strikes” against Hamas in response to attacks on Israeli soldiers in Gaza, jeopardizing a US-brokered ceasefire that’s held for just over two weeks.

High Frequency Trading Triggers a Showdown Over a London Rooftop: For years, a drab building located just one mile past the skyscrapers of London’s Canary Wharf neighborhood has been the site of one of the fiercest battles in the world of high-frequency trading.

Podcast Conversation: Bone-In Fried Chicken Is Making KFC ‘Irrelevant’ and ‘Invisible’

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On today's podcast:

(1) HSBC raised its profitability outlook for 2025 even as earnings slid following an unexpected $1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a decade ago.

(2) BNP Paribas’s trading unit suffered a hit from souring debt in the third quarter, adding to challenges for Chief Executive Officer Jean-Laurent Bonnafe after a string of recent setbacks.

(3) Goldman Sachs Group Chief Executive Officer David Solomon downplayed concerns that have surfaced following the collapse of US firms First Brands Group and Tricolor Holdings, and said he doesn’t see any systemic risk looming in the credit market.

(4) Amazon.com plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter.

(5) Tom Hayes, the former star UBS Group AG trader who became the face of the Libor rigging scandal, sued his former employer accusing it of handing him over on a “silver platter” to global prosecutors in order to protect the bank and its senior leadership.

(6) President Donald Trump hailed the US’s alliance with Japan, reaffirming ties with a longstanding partner and praising new Prime Minister Sanae Takaichi on her plans to ratchet up defense spending as the pair met in Tokyo.

(7) France’s National Assembly adopted an amendment on Monday that would increase taxes on the country’s largest companies next year, part of the government’s effort to rein in the deficit and find compromises with opposition lawmakers.

Europe's Solar Boom: In 2020, Europe installed 23 gigawatts of solar, according to BloombergNEF data. Each year since then a new record has been set, with some 69.2 gigawatts expected to be added this year, capping a more than quadrupling of capacity in the last decade.

Podcast Conversation: London’s Black Cabs Face a Driverless Threat

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On today's podcast:

(1) The Chinese Communist Party’s official mouthpiece called on the world’s biggest economies to “jointly safeguard hard-won achievements” from their latest trade talks, ahead of a high-stakes meeting between Donald Trump and Xi Jinping.

(2) Top trade negotiators for the US and China said they came to terms on a range of contentious points, setting the table for leaders Donald Trump and Xi Jinping to finalize a deal and ease trade tensions that have rattled global markets.

(3) HSBC will set aside $1.1 billion to cover litigation by investors who lost money in Bernard Madoff’s fraud, the latest global bank to face a significant hit from cases dating back years.

(4) President Javier Milei’s party won Argentina’s midterm vote Sunday, a result that will give the libertarian leader a strong foothold in Congress to continue pursuing aggressive free-market policies that have won praise and a financial lifeline from Donald Trump.

(5) Former Bank of England Governor Mervyn King says the Labour government lacks a coherent economic strategy.

(6) Trading houses, hedge funds and banks are on a hiring spree for specialist gold traders as interest in the metal soars, creating a battle for talent that is driving up pay packages in what has historically been a niche market.

Podcast Conversation: Housekeeper Salaries Top $100,000 as Luxury Furniture Booms

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the next Fed meeting and earnings from U.S tech giants.
In the UK – a look ahead to European defense earnings.
In Asia – a look at top interviews from the APEC Finance Ministers' Meeting in South Korea.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Donald Trump is aiming for a quick win in a pivotal Thursday meeting with Chinese counterpart Xi Jinping, even if the outcome falls short of the sweeping deal he’s teased on issues at the heart of the rivalry between the world’s two largest economies.

(2) China needs a bolder spending package to mend the finances of households and companies, according to a central bank adviser, as signs of resilience in the economy mask the damage wrought by the trade war with the US.

(3) Oil was on track for the biggest weekly gain since June after US sanctions on major Russian producers upended the market, raising the prospect for supply disruptions and greater demand for alternative grades.

(4) Binance co-founder Changpeng Zhao has received a pardon from Donald Trump, one of the biggest moves yet by the president to fully embrace the crypto industry and give legal reprieves to some of its most prominent people.

(5) Reform UK leader Nigel Farage says Bank of England Governor Andrew Bailey has "had a good run." Speaking to Bloomberg's Mishal Husain, he adds: "We might find someone new."

Podcast Conversation: ChatGPT Is a Bad Personal Shopper — But It’s Learning

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Trump administration announced sanctions on Russia’s biggest oil producers, rolling out its first major package of financial punishments on President Vladimir Putin’s economy as part of a fresh bid to end the war in Ukraine.

(2) The Trump administration is weighing export restrictions against China that would bar the purchase of a wide swath of critical software, a White House official said Wednesday.

(3) Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming $1 trillion pay package and blasting the shareholder advisory firms that have come out against the plan.

(4) SAP, Europe’s most valuable software company, reported third-quarter cloud revenue that missed analysts’ estimates in a sign that trade disputes and a weaker economy are weighing on sales.

(5) A majority of European Union countries, including Germany and France, are calling for a systematic review of the bloc’s regulations by the end of the year to dismantle old rules that pose challenges for the competitiveness of its companies.

Podcast Conversation: Wine Bars Are Booming Due to Casual Dining Trends, Tough Economy

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Gold and silver saw their steepest selloff in years as investors locked in profits on concern that the recent historic rally in the precious metals left them overvalued.

(2) European nations are working with Ukraine on a 12-point proposal to end Russia’s war along current battle lines, pushing back against Vladimir Putin’s renewed demands to the US for Kyiv to surrender territory in return for a peace deal.

(3) President Donald Trump said Tuesday he did not want to have “a wasted meeting” with Russian President Vladimir Putin, the latest sign that a planned second summit between the two leaders could be in jeopardy.

(4) US President Donald Trump predicted an upcoming meeting with his Chinese counterpart, Xi Jinping, would yield a “good deal” on trade — while also conceding that the highly anticipated talks may not happen.

(5) Netflix said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.

(6) The Bank of England warned of parallels between the $1.7 trillion private credit boom and the subprime debt crisis, as UK officials confirmed plans to subject the market to stress tests.

Podcast Conversation: Sorry, Pop Mart, Labubu Is Just Not Lego or Pokemon: Shuli Ren

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On today's podcast:

(1) US President Donald Trump has cast doubt on Ukraine's ability to defeat Russian forces, marking a dramatic shift from his previous view that the country could reclaim all of its territory.

(2) The UK is preparing to spend "well over" £100 million to send its forces into Ukraine and provide aircraft for a stabilization force if a ceasefire agreement with Russia is reached.

(3) Australia and the US have signed a pact to increase America's access to rare earths and other critical minerals in a deal to counter China's control over supply chains.

(4) Sanae Takaichi has become Japan's first female prime minister and his preparing to announce her cabinet later today after winning a vote in the lower house of parliament.

(5) Amazon Web Services. the world's largest cloud provider, said its operations have returned to normal after an internet outage disrupted many of the world's biggest websites and apps.

(6) Shares in French bank BNP Paribas plummeted by almost eight per cent after a US court ruling linked it to human rights abuses in Sudan.

Podcast Conversation: The Brazen, 7-Minute Jewelry Heist at the Louvre

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On today's podcast:

(1) Israel launched strikes against Hamas in Gaza and reportedly suspended all aid shipments on Sunday after blaming Hamas for a lethal Palestinian ambush that left two soldiers dead.

(2) The world-renowned Louvre museum in Paris was shut on Sunday after several pieces of invaluable jewelry were stolen in a brazen robbery.

(3) China said the economy is still on track to reach this year’s expansion goal even after reporting the weakest growth in a year, with a boost from booming exports undermined by weak spending and investment.

(4) President Donald Trump listed rare earths, fentanyl and soybeans as the US’s top issues with China just before the two sides return to the negotiating table and as a fragile trade truce nears expiration.

(5) Software and computer services companies saw the biggest rise in profit warnings among UK-listed firms last quarter, according to a report from consultancy EY-Parthenon.

(6) French bond futures declined after S&P Global Ratings downgraded its sovereign credit score, an unscheduled move that highlights the nation’s fiscal woes and places its debt at risk of forced selling by some funds.

Podcast Conversation: A $1.2 Trillion Question: Can Conferences Be Less Terrible?

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Tesla and Netflix.
In the UK – a look ahead to European bank earnings.
In Asia – a look ahead to a meeting between President Donald Trump and Australia Prime Minister Anthony Albanese.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Donald Trump said he would hold a second meeting with Russian President Vladimir Putin “within two weeks or so” aimed at ending the war in Ukraine.

(2) NATO countries should keep “all options” open if Russia violates their airspace again, including shooting down Russian jets, Canadian Prime Minister Mark Carney said.

(3) A brutal rout in regional bank stocks is highlighting a view that is taking hold among jittery traders: Sell now, ask questions later.

(4) BBVA SA’s $19 billion offer for Banco Sabadell SA was rejected by nearly three quarters of shareholders, ending a takeover saga that has been going on for 17 months in a major setback to the pursuer.

(5) The White House is poised to ease tariffs on the US auto industry, a move that would deliver a major win for carmakers that have aggressively lobbied to stem the fallout from record-level import duties.

Podcast Conversation: Here’s Why 1990s Nostalgia Has Lasted Beyond Its Expiration Date
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On today's podcast:

(1) Chinese state actors systemically and successfully compromised classified UK government computer systems for more than a decade, according to two former senior security officials and other government officials familiar with the matter.

(2) US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare-earth elements.

(3) Chancellor of the Exchequer Rachel Reeves needs to raise her fiscal buffer fivefold to have a better-than-even chance of avoiding more tax rises and spending cuts in the coming years, according to the Institute for Fiscal Studies.

(4) French premier Sebastien Lecornu appears set to survive two no-confidence motions on Thursday after announcing plans to suspend a contentious pension law in order to win support in the National Assembly.

(5) President Donald Trump said he had authorized the Central Intelligence Agency to take covert action in Venezuela, arguing that he had to stem the flow of drugs and illegal migrants into the US.

Podcast Conversation: Smart Glasses Shouldn’t Replace Smartphones

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On today's podcast:

(1) Federal Reserve Chair Jerome Powell signaled the US central bank is on track to deliver another quarter-point interest-rate cut later this month, even as a government shutdown significantly reduces its read on the economy.

(2) US President Donald Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the relationship between the world’s two largest economies.

(3) JPMorgan Chase CEO Jamie Dimon sounded warnings on the potential for a deterioration in credit quality, a cautionary note that put a damper on the firm’s surge in trading and investment-banking revenue.

(4) ASML’s orders beat analyst expectations in the third quarter, as demand for its chip-making machines was fueled by hundreds of billions of dollars in investment into artificial intelligence infrastructure.

(5) Prime Minister Sebastien Lecornu won the crucial support of the Socialist Party in France’s National Assembly, significantly improving the chances of his new government surviving two no-confidence votes Thursday.

(6) Bank of England Governor Andrew Bailey raised concerns about the UK economy running “under potential” and a softening jobs market, as Chancellor of the Exchequer Rachel Reeves flew to Washington to make her growth pitch to investors.

Podcast Conversation: The Best New Hotel in London Fixes What’s Wrong With Luxury

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On today's podcast:

(1) President Donald Trump used a one-day tour of Israel and Egypt to soak in the praise from fellow leaders and lay out a vision for broader Middle East peace after the success of US-led mediation efforts to end the fighting in Gaza.

(2) US President Donald Trump and Chinese leader Xi Jinping’s latest tit-for-tat showdown has both countries claiming the ball is now in the other’s court, with the clock ticking toward another escalation in import tariffs.

(3) Federal Reserve Bank of Philadelphia President Anna Paulson signaled she favors two more quarter-point interest-rate cuts this year, as monetary policy should look through the impact of tariffs in consumer price increases.

(4) Brexit and former Prime Minister Liz Truss made the UK a less-competitive, slower-growing economy that faces a greater risk of inflation, Bank of England policymaker Catherine Mann said.

(5) Silver prices touched an all-time high near $53 an ounce, as a historic short squeeze in London added momentum to a rally that’s been fueled by surging demand for safe-haven assets.

(6) SpaceX’s Starship deployed test satellites in space and returned to Earth largely intact, repeating earlier milestones critical to Elon Musk’s goal of readying the vehicle for regular launches to orbit and beyond.

Podcast Coversation:A $131 Billion Crypto Crash Has Traders Fearing Lasting Damage

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On today's podcast:

(1) Local media in Israel say seven hostages have been released by Hamas, under the US-brokered ceasefire deal.

(2) The White House has signalled it's open to doing a deal with China to calm fresh trade tensions, days after announcing new 100% tariffs.

(3) Stocks, oil and cryptocurrencies were hammered Friday by the flare-up in tensions, but US equity-index futures jumped on the change in tone.

(4) President Macron has announced a new French Cabinet amid growing pressure to prevent a political crisis and pass a budget.

(5) Japan's Komeito party - a former ally to the ruling LDP - has hinted it doesn't rule out cooperating with the opposition.

(6) Two of the UK's largest homebuilders are introducing their own versions of the now-defunct "Help to Buy" scheme to stimulate the UK's housing market.

Podcast Conversation: AI 'Workslop' Is Making a Mess for Managers

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings for U.S banks.
In the UK – a look ahead to the annual New Energy Finance summit in London.
We also focus on a conversation with Citadel CEO Ken Griffin from Citadel’s securities conference on gold.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel’s government approved a deal that will see Hamas release any remaining hostages held in Gaza in exchange for more than 2,000 prisoners, another major step toward fulfilling the terms of a peace agreement and ending the two sides’ bloody conflict.

(2) Norway is bracing for the aftermath of the Nobel Peace Prize announcement on Friday as the Nordic nation has faced increasing pressure from Donald Trump and his administration to award it to the US leader.

(3) The political power players aren’t the only ones jockeying to shape the shifting balance of power in a turbulent France.

(4) The US rushed to stabilize Argentina’s economy on Thursday, offering $20 billion in financing and carrying out a rare intervention in currency markets to prop up the peso after weeks of sharp declines.

(5) New York Attorney General Letitia James was indicted by a federal grand jury in Virginia, making her the second of President Donald Trump’s perceived political enemies to be criminally charged in two weeks

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel and Hamas have agreed to terms for the release of all hostages held by the Palestinian militant group in Gaza, a major breakthrough in the US- and Qatari-brokered negotiations to end their two-year war.

(2) French President Emmanuel Macron said he’ll name a new prime minister by Friday evening, having for the time being avoided the need to call a snap election that would have deepened the political chaos in France.

(3) China has tightened curbs on rare earths to include items manufactured abroad, adding a potentially complex layer of restrictions to an industry that’s been a source of intense trade friction between Beijing and Washington.

(4) HSBC Holdings Plc plans to take Hang Seng Bank Ltd. private in a deal that values the lender at $37 billion, ramping up its exposure to Hong Kong as the financial hub attempts to bounce back from years of economic turbulence.

(5) With Britain’s venerable Conservatives desperate to avoid political oblivion, delegates at the party’s annual conference found themselves prompted to seek guidance from a prime minister who left office 35 years ago. “Ask the Iron Lady,” urged a poster from the Conservative Women’s Association.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally.

(2) From across the political spectrum, Emmanuel Macron’s rivals are turning up the pressure on the French president, demanding their choice of prime minister, snap elections and even his resignation.

(3) Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter.

(4) Teams from the US, Qatar, Israel and other nations are headed to Egypt as part of a final push for a deal with Hamas aimed at ending the two-year war that’s devastated Gaza and destabilized much of the Middle East.

(5) Saving a lifetime’s worth of earnings still wouldn’t be enough for the average British worker to reach the ranks of the wealthy, according to a new report revealing that economic inequality in the country has dramatically worsened over the last 15 years.

(6) Cristiano Ronaldo’s football career has been a series of glittering firsts, from a record transfer to Real Madrid to scoring more competition goals than any man in history. He’s now notched up another huge win off the pitch: becoming the first billionaire player.

Podcast Conversation: Taylor Swift’s ‘Showgirl’ Media-Blitz Had a Downfall

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On today's podcast:

(1) President Emmanuel Macron gave his outgoing prime minister, Sebastien Lecornu, 48 hours to negotiate with France’s political parties in a last-ditch effort to prevent the country from falling deeper into crisis.

(2) President Donald Trump said he would negotiate with Democrats over health care subsidies, a move that could open the door to resolving the government shutdown that has stretched into a second week.

(3) Advanced Micro Devices Inc. landed a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry.

(4) Citadel’s Ken Griffin said investors are starting to view gold as a safer asset than the dollar, a development that’s “really concerning” to the billionaire investor.

(5) Bank of England Governor Andrew Bailey said Britain must boost investment if it wants to reap the rewards from any economic boom triggered by artificial intelligence.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) France’s Prime Minister Sebastien Lecornu resigned Monday just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis and sparking a selloff of French assets.

(2) Gold rose to another record — closing in on the $4,000 an ounce mark — as the US Federal government shutdown dragged on.

(3) President Donald Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that’s devastated Gaza and destabilized the Middle East as the warring sides are set to begin mediated talks on Monday.

(4) UK Home Secretary Shabana Mahmood will give police new powers to place limits on repeated protests and is considering legislation to ban them outright, after weeks of demonstrations led to mass arrests and strained resources.

(5) French President Emmanuel Macron’s decision to appoint a broadly unchanged cabinet sparked an immediate backlash from opposition parties, undermining Prime Minister Sebastien Lecornu’s chances of surviving a make-or-break week in parliament.

(6) OPEC+ is showing a cautious commitment to keep battling for a share of the global oil market — despite signs that a long-awaited surplus is starting to emerge.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Japan’s election of a pro-stimulus leader shook up global markets, sending stocks surging on prospects for more spending, while currencies and bonds weakened, driving investors toward alternative assets such as gold and Bitcoin.

(2) President Donald Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that’s devastated Gaza and destabilized the Middle East as the warring sides are set to begin mediated talks on Monday.

(3) UK Home Secretary Shabana Mahmood will give police new powers to place limits on repeated protests and is considering legislation to ban them outright, after weeks of demonstrations led to mass arrests and strained resources.

(4) French President Emmanuel Macron’s decision to appoint a broadly unchanged cabinet sparked an immediate backlash from opposition parties, undermining Prime Minister Sebastien Lecornu’s chances of surviving a make-or-break week in parliament.

(5) OPEC+ is showing a cautious commitment to keep battling for a share of the global oil market — despite signs that a long-awaited surplus is starting to emerge.

Podcast Conversation: Custom Vacheron Constantin Timepiece Shines at the Louvre: Essay

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Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the impact of lumber and timber tariffs on housing, and President Donald Trump’s Pfizer deal on drugmakers.
In the UK – a look ahead to the Nobel Prize decisions.
In Asia – a look ahead to the impact of the Golden Week holiday.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK counter-terrorism police named a British citizen of Syrian descent as the perpetrator of an attack on a synagogue that killed two people. Jihad Al-Shamie, 35, carried out the attack on the Heaton Park Hebrew Congregation Synagogue in Manchester on Thursday morning, according to statements from Counter Terrorism Policing and Greater Manchester Police.

(2) German air traffic control said it suspended flight operations at Munich Airport Thursday evening after several drone sightings, affecting multiple departures and thousands of passengers at the country’s second-biggest hub.

(3) - Bridgewater Associates’ flagship macro fund climbed 26.4% in the first nine months of this year as tariff-fueled market uncertainty boosted the firm and its peers.

(4) President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its second day.

(5) Boeings 777X is slated to fly commercially for the first time in early 2027 instead of next year, people familiar with the matter said, a fresh setback to the US planemaker that sets the stage for potentially billions of dollars in accounting charges.

Podcast Conversation: Inside the US-China Battle Over Undersea Internet Cables ...

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On today's podcast:

(1) The US Supreme Court refused to allow President Donald Trump to immediately oust Federal Reserve Governor Lisa Cook while she sues to keep her job, dealing a setback to his efforts to exert more control over the central bank.

(2) White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown.

(3) Arab and Muslim national leaders are pushing Hamas to accept the Gaza plan unveiled by US President Donald Trump this week, saying the need to end the fighting surpasses concern about the finer details.

(4) German Chancellor Friedrich Merz lashed out at Viktor Orban during a meeting of European Union leaders in Copenhagen on Wednesday, accusing the Hungarian prime minister of derailing discussions on the bloc’s security needs.

(5) French unions are holding a new round of anti-austerity protests Thursday, seeking to maintain pressure on Prime Minister Sebastien Lecornu as he struggles to pull together a budget proposal.

Podcast Conversation: Broadway Musicals Need to Take More Risks: Allison Schrager

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Congress blew past a midnight funding deadline, triggering the US government’s first shutdown in nearly seven years — and the third under President Donald Trump.

(2) US equity-index futures fell as the deadline to avert a government shutdown lapsed, disrupting one of the country’s largest employers and threatening to delay key economic data releases

(3) Pfizer has won a reprieve from the US President's threatened tariffs on the pharmaceutical industry. The drugmaker agreed to cut some prices by up to 85% and sell directly to the public in the US.

(4) Keir Starmer was battling for his future a week ago. After the retreat of his main Labour rival and his decision to take the gloves off against populist rival Nigel Farage, the UK prime minister’s shored up his standing.

(5) Bloomberg's Women, Money & Power convenes the most influential voices from across the global finance industry for the second year to debate and discuss the critical issues facing the future of investing, real estate, consumer banking and private markets, as well as philanthropists, owners and CEOs.

Podcast Conversation: Fancy, Fattier $60-a-Pound Butter Is the Latest Must-Have Luxury

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Vice President JD Vance said he believes the US government is on track to shut down, seeking to pin the blame on Democrats one day before federal funding is set to lapse.

(2) President Donald Trump and Israeli Prime Minister Benjamin Netanyahu said they had agreed to a 20-point plan designed to end the war in Gaza, though the prospects for peace remained unclear without the direct involvement of Hamas.

(3) Chinese President Xi Jinping is renewing a push for the US to change a decades-old phrase describing its stance on Taiwan independence, a concession that would be a major diplomatic win for Beijing.

(4) Theresa May danced to ABBA. Rishi Sunak had his wife introduce him. Liz Truss spent the whole time scrapping budget measures announced only days before.

(5) European Union leaders meeting in Copenhagen this week will discuss a slate of flagship defense projects, including a European drone wall and an air-defense shield.

Podcast Conversation:How to Play Alphadots, Bloomberg's New Daily Word Puzzle

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves can be sure the bond markets have her back. But on Monday she faces down her own party, and she may find them tougher to win over.

(2) The government is set to define what “contributions” foreign workers must make in order to claim settled status in the UK, marking a tightening of its stance on legal migration.

(3) UK companies are becoming less forthcoming about what they’re willing to pay to fill open roles, indicating that employers are no longer under pressure to boost wages in a weakening labor market.

(4) Moldova’s ruling pro-European party was on track to win re-election, keeping the country on the path to European Union membership and raising the risk of an escalation in tensions with Russia.

(5) Moldova’s ruling pro-European party was on track to win re-election, keeping the country on the path to European Union membership and raising the risk of an escalation in tensions with Russia.

Podcast Conversation: At 66, I Decided to Pay Back a Lifetime of Sleep Debt: Essay

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Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the U.S jobs report and the Electric vehicle sector.
In the UK – a look ahead to the Bloomberg Women, Money, Power conference in London.
In Asia – a look ahead to the China PMI data.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump announced a fresh round of tariffs, including a 100% duty on branded or patented pharmaceuticals starting October 1, unless a company is building a manufacturing plant in America.

(2) Former FBI Director James Comey was charged with lying to Congress and obstruction related to testimony he gave in 2020, accelerating President Donald Trump’s push for legal action against his perceived political enemies.

(3) European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes, according to officials familiar with the exchange.

(4) Lorie Logan, president of the Federal Reserve Bank of Dallas, has proposed replacing the central bank’s benchmark federal funds rate — the primary tool the central bank has used to steer the nation’s economy since the 1980s — with a much more widely used market bellwether.

(5) Volkswagen is curbing volumes and introducing temporary shutdowns at two German factories as demand for its electric vehicles grows more slowly than predicted.

(6) UK Prime Minister Keir Starmer will try to relaunch his stuttering administration with a speech Friday announcing a plan for compulsory digital identity cards to help combat illegal migration, while also making a progressive case for his premiership as it comes under threat from internal rivals.

Podcast Conversation: Ryder Cup Golf Rowdiness Is Keeping the Sport Fun: Adam Minter

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) HSBC Holdings said it’s achieved a world-first breakthrough in deploying quantum computing in financial markets, as a race intensifies among some of Wall Street’s biggest firms to embed the cutting-edge technology in their daily operations.

(2) Intel has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government.

(3) US stocks are screamingly expensive when viewed from a historical perspective. But dig into the details, and the sky-high valuations may well be warranted, say strategists at Bank of America

(4) The US lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, cementing terms of the framework trade agreement the two sides struck almost two months ago

(5) Splits on the Bank of England policymaking committee were on full display on Wednesday after Governor Andrew Bailey said there was further to go on interest-rate cuts just hours before external member Megan Greene proposed “skipping” a cut in November.

(6) Russia plans to run a budget deficit for a fifth year as declining revenue and increased spending continue to put pressure on the government’s finances amid the Kremlin’s war on Ukraine.

(7) Global drugmakers including Merck, Eli Lilly and AstraZeneca are pausing or canceling investments in the UK while throwing barbs at the lack of competitiveness of its business environment

Podcast Conversation: Bob Iger Just Learned a Hard Lesson: Beth Kowitt

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war.

(2) Late-night host Jimmy Kimmel took a conciliatory tone in his return to TV Tuesday night, saying “it was never my intention to make light of the death of a young man.”

(3) Super Typhoon Ragasa is set to cross China’s southern coast later Wednesday after lashing Hong Kong with torrential rain and fierce winds, which toppled trees and damaged infrastructure across the city.

(4) The UK is looking to take advantage of the chaos sown by US President Donald Trump’s decision to overhaul his country’s visa program for certain college-educated foreign workers.

(5) Federal Reserve Chair Jerome Powell said the outlooks for the labor market and inflation face risks, reiterating his view that policymakers likely have a difficult road ahead as they weigh further interest-rate cuts.

(6) OpenAI plans to invest roughly $400 billion to develop five new US data center sites in partnership with Oracle Corp. and SoftBank Group Corp., marking the biggest push yet to fulfill an earlier pledge to spend a half-trillion dollars on artificial intelligence infrastructure in the country.

(7) Europe’s asset managers have long agreed they must consolidate to survive. A string of high-profile acquisitions suggests they’re finally willing to do something about it.

Podcast Conversation: CEOs and Founders Share Their Best Advice for Staying Productive

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On today's podcast:

(1) Lithuanian President Gitanas Nauseda said Russia was testing NATO’s readiness to retaliate with its series of incursions along the eastern flank of the alliance.

(2) Nvidia will invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run.

(3) A large majority of London-listed companies in a recent poll have considered adding a listing overseas or moving their existing one in the last year, with Amsterdam emerging as the most popular alternative.

(4) President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs, sending China toward a record $1.2 trillion trade surplus.

(5) The Federal Reserve’s newest policymaker, appointed by President Donald Trump, laid out his argument for aggressively lowering interest rates on Monday, presenting a view that aligns with the president’s demands but which makes him an outlier at the central bank.

(6) Jimmy Kimmel Live! will return to the air on Tuesday, ending a suspension Walt Disney Co. imposed following controversial remarks the ABC late-night host made about the assassination of Republican activist Charlie Kirk.

Podcast Conversation: “We want, ‘Oh, you look good. We just don’t know why,”Cosmetic Procedures That Offer Big Results With Minimal Downtime

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump’s order on H-1B visas which requires a $100,000 fee for applications — will hurt margins of Indian outsourcers who use the program to deploy engineers to client sites. That’s a blow to India’s $280 billion IT services sector, which is already grappling with sluggish growth as customers cut back on technology spending due to geopolitical tensions and Trump’s tariffs.

(2) Canada, the UK and Australia have formally recognized a Palestinian state, joining a growing global consensus and pushing ahead with a policy that has drawn criticism from US President Donald Trump.

(3) Estonia is set to ask NATO allies for extra air-defense assistance over the Baltic Sea as the alliance’s eastern members try to respond to the third violation of NATO airspace this month by Russia.

(4) President Donald Trump and top Republicans mourned Charlie Kirk on Sunday and galvanized young conservatives at the memorial service ahead of next year’s crucial midterm elections.

(5) The UK approved a second runway at London Gatwick Airport, the latest infrastructure project pushed by Keir Starmer’s government as he tries to boost economic growth.

(6) Hong Kong International Airport is weighing grounding all passenger flights for 36 hours, the longest in recent history, as the Asian financial hub braces for one of its strongest super typhoons in years, according to people familiar with the matter.

Podcast Conversation: Millennials Are Stuck in an Old, Lazy Story

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Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – how The K-Shaped Recession Hasn’t Hurt US Equities...Yet
In the UK – Are Private Markets Entering Their Golden Age
In Asia – a look at Stephen Miran's Impact on EM and the Dollar

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Nvidia plans to invest £2 billion ($2.7 billion) to support the UK’s artificial intelligence industry in partnership with several venture capital firms.

(2) With golden carriages, military splendor and an opulent banquet, the UK’s royal gambit paid off this week, as President Donald Trump and Prime Minister Keir Starmer concluded an historic state visit by hailing the trans-Atlantic relationship and — at least publicly — smoothing over their policy differences.

(3) The Bank of England’s decision to slow the pace and change the make-up of its quantitative tightening plan on Thursday shattered any lingering illusion the policy remains on autopilot.

(4) The call Friday between US President Donald Trump and Chinese President Xi Jinping promises to determine the fate of TikTok — and potentially ease trade tensions between the world’s two biggest economies.

(5) Europe’s top business lobby in China urged Beijing to address price wars and unsustainable competition as the country readies its next five-year plan — adding to pressure from the US over the matter.

(6) President Donald Trump said US broadcast networks should face scrutiny over their licenses if they’re too critical of him, in what amounts to his furthest-reaching threat to media freedoms.

(7) It turns out that all the “Sell America” angst swirling in markets earlier this year was misplaced. The real mantra from global investors is more like “Hedge America” — that is, keep snapping up US stocks and bonds but do so while buying derivatives that protect those investments against any further declines in the dollar.

Podcast Conversation: What You Need to Know About Ketamine Therapy, the Buzzy Mental Health Trend

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On today's podcast:

(1) Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs.

(2) The Bank of England is set to rein in its quantitative tightening program amid concerns that its gilt sales are worsening volatility in the bond market.

(3) King Charles III urged the defense of Ukraine and the environment as he welcomed US President Donald Trump and top tech and finance executives for a lavish state dinner at Windsor Castle on Wednesday.

(4) Walt Disney’s ABC network is taking Jimmy Kimmel Live! off the air indefinitely amid a backlash to remarks the late-night host made about the killing of Republican activist Charlie Kirk.

(5) European Union member states approved negotiations with Canada and the UK that would give them access to the bloc’s €150 billion ($178 billion) fund aimed at accelerating investment in the defense industry.

(6) French unions are leading widespread anti-austerity protests Thursday, raising the pressure on newly appointed Prime Minister Sebastien Lecornu as he struggles to find allies to piece together a budget.

(7) The world's biggest food company - Nestlé - has been shaken by scandal and management upheaval. After years of strategic drift and rising debt, investors are pressing incoming CEO Philipp Navratil to restore stability.

Podcast Conversation: Apple and Citi CEOs Join Trump and King Charles at State Dinner

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On today's podcast:

(1) Microsoft, OpenAI and other American companies announced plans to spend tens of billions of dollars on technology infrastructure in the UK, part of a series of business deals that coincide with President Donald Trump’s visit to the nation this week.

(2) British drugmaker GSK pledged to invest $30 billion in the US over the next five years, making the announcement as President Donald Trump arrives in the UK for a highly anticipated state visit.

(3) The euro hit its strongest level in four years as traders prepared for an interest-rate cut from the Federal Reserve this week that will cement its diverging trajectory from the European Central Bank.

(4) TikTok’s US operations would be acquired by a consortium that includes Oracle, Andreessen Horowitz and private equity firm Silver Lake Management under a deal President Donald Trump is set to discuss with Chinese President Xi Jinping this week.

(5) Europe’s top business lobby in China urged Beijing to address price wars and unsustainable competition as the country readies its next five-year plan — adding to pressure from the US over the matter.

(6) The cyberattack that’s brought Jaguar Land Rover Automotive Plc factories to a standstill is affecting suppliers, with some European parts makers forced to pause or scale back their own production.

Podcast Conversation: CEOs Win Over Trump With a Trophy, Prizes and Bragging Rights

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On today's podcast:

(1) US President Donald Trump expects to announce economic deals totaling more than $10 billion during his trip this week to the United Kingdom, senior US officials said Monday.

(2) Prime Minister Keir Starmer has suffered a third forced departure from his government in less than two weeks as one of his senior advisers resigned amid media allegations about his past conduct.

(3) President Donald Trump said he would speak with Chinese leader Xi Jinping on Friday as US and Chinese officials reached a framework deal on keeping the TikTok app running in the US.

(4) Donald Trump’s economic adviser Stephen Miran is on his way to joining the Federal Reserve board after the Senate confirmed him to the post in a vote Monday evening.

(5) Overseas investors are slashing their dollar exposure at “an unprecedented pace” as they put on currency hedges when buying US stocks and bonds, according to a Deutsche Bank AG analysis of exchange-traded funds.

(6) Wall Street’s main regulator said it is “prioritizing” a proposal from Donald Trump to reduce the frequency of corporate earnings reports, after the president again stepped into a long-running debate over transparency in American capitalism.

(7) Top dealmakers from global investment banks have been heading to Zurich in recent weeks to pitch UBS Group AG on transactions that could change the face of Swiss finance.

Podcast Conversation: Talking Gorillas, Podcasting Dogs and the Future of Social Media

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On today's podcast:

(1) China’s economic activity slowed more than expected across the board in August, adding to the likelihood that policymakers will roll out more stimulus to hit the official growth goal.

(2) US and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid, a senior Treasury official said, as diplomacy between the world’s two biggest economies intensifies.

(3) The UK government defended its ill-fated decision to appoint Peter Mandelson as ambassador to Washington as pressure grows on Prime Minister Keir Starmer over his handling of the affair following the envoy’s ouster.

(4) The first US interest rate cut since Donald Trump became president again is likely to seize the spotlight in a week that will determine policy settings for half of the world’s 10 most-traded currencies.

(5) The Pope has singled out Elon Musk's wealth as part of a criticism of the widening pay gap between company bosses and the working class.

Podcast Conversation: ‘The Pitt’ Wins Best Drama Emmy; ‘The Studio’ Scores Best Comedy

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Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the next Fed decision and earnings from FedEx.
In the UK – a look ahead to President Trump’s visit to the UK.
In Asia – a look ahead to the next monetary policy decision from the Bank of Japan and what’s next after its ruling Liberal Democratic Party Shigeru Ishiba resigned.

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The UK's Prime Minister is facing growing questions over what he knew about Peter Mandelson's relationship with Jeffery Epstein when he appointed him as Ambassador to the US. Keir Starmer fired him after Bloomberg published a series of emails between Mandelson and the convicted paedophile.

The departure comes at a difficult time for the British government as it prepares to host a state visit for US President Donald Trump who continues to face questions about his relationship with Epstein. In this Special episode of the Daybreak Europe podcast our finance reporter Harry Wilson takes us behind the scenes of the Bloomberg scoop. He tells us what the emails reveal alongside our political correspondent Ellen Milligan who will be covering President Trump's upcoming State Visit.

Hosted by Stephen Carroll and Caroline Hepker

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On today's podcast:

(1) When Peter Mandelson was appointed the UK’s ambassador to the US in February, many in the British government predicted it would end in a scandal. Mandelson, a political operator once known as the “Prince of Darkness” for his capacity for political intrigue and spin, was fired by Prime Minister Keir Starmer on Thursday after Bloomberg published a series of emails between Mandelson and convicted pedophile Jeffrey Epstein, which cast new light on their relationship.

(2) The suspect in the killing of Charlie Kirk slipped behind a building, braced himself on the roof and swung off the edge, hitting the ground hard and leaving behind palm smudges and a single shoe print. He bolted across a patch of grass, cut through a parking lot and vanished into the trees.

(3) NATO is preparing a defensive military measures in response to the drone incursion in Poland to strengthen deterrence across the alliance’s eastern flank, according to a person familiar with the matter.

(4) OpenAI said it’s closer to converting into a more traditional for-profit company — nearing the resolution of painful negotiations with top shareholder Microsoft Corp. and outlining terms of at least $100 billion in equity for its nonprofit arm.

(5) European Central Bank policymakers are convinced that no further interest-rate cuts are needed to deliver 2% inflation, despite new economic projections pointing to an undershoot over the next two years, according to people familiar with their thinking.

Podcast Conversation: Photo-Editing Tools May Be AI’s Killer App: Catherine Thorbecke

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On today's podcast:

(1) A search is underway for the killer of Charlie Kirk, a conservative activist and close ally of President Donald Trump who was fatally shot Wednesday at a Utah university.

(2) Poland has asked allies for additional air defense systems and counter-drone technology to better protect its land from Russian incursions, according to people familiar with the matter.

(3) The CEO of Citigroup Jane Fraser says she's surprised by the resilience of the US economy amid a constantly evolving macroeconomic landscape. Speaking to Bloomberg, she said businesses now have more clarity on tax policy, tariffs, and deregulation.

(4) Mexico plans to impose tariffs of as much as 50% on cars and other products made by China and several Asian exporters, aligning the country more closely with US protectionism as President Claudia Sheinbaum prepares for talks over North America’s free-trade deal.

(5) Sebastien Lecornu took over as France’s prime minister pledging big changes as he tries to engage opposition parties in the herculean task of reining in the country’s debt amid hostility to budget cuts.

Podcast Conversation: Larry Ellison’s $89 Billion One-Day Wealth Boom Shatters Records

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On today's podcast:

(1) Israel’s attack against Hamas in Qatar drew rare public criticism from Donald Trump and underscored the risk that the war in Gaza could get worse before it gets better.

(2) Poland condemned a Russian drone incursion as an “act of aggression,” saying its military shot down some of the objects that entered its airspace from neighboring Ukraine.

(3) President Emmanuel Macron named Sebastien Lecornu France’s new prime minister, tapping a longtime ally to pick up the mantle of trying to pass a budget through a divided parliament.

(4) President Donald Trump told European officials he’s willing to impose sweeping new tariffs on India and China to push President Vladimir Putin to the negotiating table with Ukraine — but only if EU nations do so as well.

(5) A judge temporarily blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook, allowing her to remain on the job as she challenges the president’s efforts to oust her over allegations of mortgage fraud.

(6) Apple introduced its thinnest-ever iPhone and new Pro versions with enhanced cameras and more battery life, betting that a flurry of smartphone innovation can entice shoppers this holiday season

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On today's podcast:

(1) French Prime Minister Francois Bayrou lost a confidence motion in parliament, forcing a third change in government in just over a year and reviving uncertainty over how the country can tackle its mounting debt burden.

(2) House Democrats on Monday released an alleged birthday note that they said Donald Trump sent to Jeffrey Epstein, raising pressure on the president over questions about his past interactions with the late disgraced financier.

(3) US stocks have been on a tear, setting more than 20 all-time highs this year, but the Federal Reserve’s next move threatens to curb investors’ zeal, JPMorgan Chase & Co.’s trading desk warns.

(4) Rupert Murdoch and his children settled litigation over a trust that controls two influential public companies, ensuring that Fox News keeps its conservative slant and favored son Lachlan Murdoch remains in charge of the globe-spanning media empire.

(5) European car executives are walking a fine line at this week’s Munich auto show: Touting how swell their new electric vehicles are, while on the other hand warning Brussels that they can’t possibly sell only EVs in ten years’ time.

(6) Barclays' Chief Executive Officer CS Venkatakrishnan said a windfall tax on banks in the UK could hinder the government’s push to boost growth in the economy and urged the government to consider other measures.

Podcast Conversation: Londoners Flock to E-Bikes, Boats as Tube Strike Chaos Hits

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On today's podcast:

(1) Prime Minister Francois Bayrou’s government will likely fall Monday, a victim of his push to chip away at France’s massive debt load.

(2) Japanese Prime Minister Shigeru Ishiba said he’ll step down following weeks of calls for his departure in the aftermath of a second national election setback, setting in motion a leadership race that threatens to unnerve investors.

(3) The immigration raid on a Georgia EV battery plant run by two South Korean firms has rattled Seoul, coming less than two weeks after President Lee Jae Myung’s White House meeting with Donald Trump where Korean companies pledged to invest hundreds of billions in the US.

(4) OPEC+ is signaling it has the confidence to push a bold oil market strategy a little bit further.

(5) Wages for new hires in the UK rose at their weakest pace in over four years, a sign that a cooling labor market is weighing on inflationary pressures, according to a survey monitored by the Bank of England.

(6) Walkouts by London Underground staff have begun, forcing several main lines on the network to completely or partially shut down on Sunday ahead of the start of the work week.

Podcast Conversation: Consumer Product Scents Are Getting Stronger: Essay

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Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to CPI and PPI data and Apple’s September 9th
In the UK – on global defence industry gathering in London for the UK's flagship sector event.
In Asia – a look ahead to China August CPI and PPI data.
Stuart Paul, US Economist with Bloomberg Economics, to preview CPI and PPI data.
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, to preview Apple’s September 9th event.
Ros Mathieson, Bloomberg Chief Asia Correspondent, on global defence industry gathering in London for the UK's flagship sector event.
Tony Halpin, Russian Government and Economy Team Leader, on global defence industry gathering in London for the UK's flagship sector event.
Mary Nicola, Bloomberg MLIV Strategist in Singapore, discusses China August CPI and PPI data.
Kevin Sneader, APAC ex-Japan President at Goldman Sachs, discusses China’s stock rally.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Broadcom is helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia.

(2) President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple that have pledged to boost their US investments.

(3) Bond and currency traders are bracing for Friday’s US employment report, which stands to solidify views on Federal Reserve policy and determine the near-term trajectory of interest rates.

(4) French Prime Minister Francois Bayrou said he doesn’t regret calling a confidence vote putting his government on the line, as France is “burdened with debt” and the political parties must “each take responsibility.”

(5) UK Prime Minister Keir Starmer said he would “act on” the outcome of an independent investigation into his deputy Angela Rayner’s tax affairs, signaling he would fire her if the inquiry found she had breached rules governing ministers’ behavior.

(6) Giorgio Armani fought for decades to keep the fashion empire he founded independent, as Italian icons like Gucci and Fendi were snapped up by larger luxury chains. It will be his heirs who decide what the future will hold.

Podcast Conversation: $40,000 Vacations Inspire Finance Pros to Become Travel Agents

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On today's podcast:

(1) UK Deputy Prime Minister Angela Rayner admitted she underpaid taxes on a property purchase and said she was referring herself to the government’s standards watchdog, the latest blow for Keir Starmer’s Labour administration that calls her political future into question and may have long-standing consequences for the party’s leadership.

(2) Chancellor of the Exchequer Rachel Reeves says growth is the solution to Britain’s economic problems. At her budget on Nov. 26, she faces the prospect of having to kill it.

(3) Ukrainian President Volodymyr Zelenskiy will meet with European leaders in Paris on Thursday as he seeks to discuss security guarantees for his country, a person familiar with the matter told Bloomberg.

(4) US economic activity saw “little or no change” across most of the country in recent weeks, the Federal Reserve said in its Beige Book survey of regional business contacts.

(5) China’s financial regulators are considering a number of cooling measures for the stock market as they grow concerned about the speed of a $1.2 trillion rally since the start of August, people familiar with the matter said.

(6) Apple is planning to launch its own artificial intelligence-powered web search tool next year, stepping up competition with OpenAI and Perplexity AI.

Podcast Conversation: Xi Muses on Living to 150 in Hot-Mic Moment With Putin, Kim

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On today's podcast:

(1) Treasuries dropped, following a slump in longer-maturity European debt, with the US 30-year yield climbing toward 5% at the start of a month historically tough for long bonds.

(2) UK markets suffered a fresh selloff on Tuesday, with the yield on long-dated bonds hitting the highest since 1998 and the pound tumbling, as pressure mounted on Prime Minister Keir Starmer to win the confidence of investors in the government’s budget.

(3) US Treasury Secretary Scott Bessent is said to be planning to start interviewing candidates this Friday to replace Jerome Powell as Federal Reserve Chair, according to the Wall Street Journal.

(4) Chinese President Xi Jinping projected defiance at a once-a-decade military parade, showcasing the nation’s growing firepower and diplomatic influence alongside his closest international allies.

(5) Alphabet’s Google will be required to share online search data with rivals while avoiding harsher penalties, including the forced sale of its Chrome business, a judge ruled in the biggest US antitrust case in almost three decades.

(6) As NATO’s biggest defense spender relative to the size of its rapidly expanding economy and a staunch ally of Ukraine, Europe arguably needs a strong Poland more than ever. But instead, there’s the threat of increasing paralysis in Warsaw.

Podcast Conversation: Defense Firms Lure Recruits With Yoga, Higher Pay, Even Condoms

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As UK long-dated gilts hit a level not seen in 27 years, we have a special episode of Bloomberg Daybreak Europe. The rate on 30-year gilts rose five basis points to 5.69% on Tuesday amid a global decline in government bonds. The pound also tumbled in London trading, dropping 1.1%.

Bonds are falling ahead of an autumn budget, where Chancellor of the Exchequer Rachel Reeves is under pressure to find savings or raise taxes to improve the UK’s precarious fiscal position. Our Chief UK Economist Dan Hanson and Opinion Columnist Marcus Ashworth join hosts Stephen Carroll and Lizzy Burden to discuss how serious a problem the market moves create for the government and what might come next.

More Here: UK 30-Year Bond Yields Climb to Highest Level Since 1998

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On today's podcast:

(1) Gold hit a record high as the prospect of Federal Reserve rate cuts and growing concerns over the central bank’s future gave fresh legs to the multiyear rally in precious metals.

(2) Nestlé dismissed Chief Executive Officer Laurent Freixe after only a year due to an undisclosed workplace affair, extending the management turmoil at the world’s biggest food company that’s known for its conservative corporate culture.

(3) Revolut has kicked off a process for some employees to sell their shares in the company at a $75 billion valuation.

(4) A plane carrying European Commission President Ursula von der Leyen was disrupted by what authorities suspect was Russian signals interference in Bulgaria.

(5) UK Prime Minister Keir Starmer announced a raft of changes to his Downing Street team in a bid to reset his government and give him more influence over economic policy, after a stuttering first year in power saw his leadership called into question and Labour tank in the polls.

(6) Across Botswana the lines of patients outside government clinics are lengthening, construction companies dependent on state jobs are firing workers and university students are threatening to boycott lectures after not getting the allowance increases they were promised.

Podcast Conversation: Silicon Valley Drive to Get AI Into American Schools Is Working

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On today's podcast:

(1) Prime Minister Narendra Modi used his first trip to China in seven years to reset relations with India’s powerful neighbor while also seeking to strengthen ties with Russia as President Donald Trump ratchets up tensions with New Delhi.

(2) The legal fight over President Donald Trump’s global tariffs is deepening after a federal appeals court ruled the levies were issued illegally under an emergency law, extending the chaos in global trade.

(3) The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed.

(4) Italy and France sparred over tax competition within the European Union, reigniting a debate over whether EU countries are seeking economic advantages at the expense of their peers.

(5) The UK government will look into whether it should seek changes to the European Convention on Human Rights, as the ruling Labour party seeks to blunt criticism of its handling of immigration and asylum issues.

(6) There’s a near €2 trillion ($2.3 trillion) upheaval coming for European bond markets to cap a 2025 already marked by tariff twists and turns, deficit worries and now a political crisis in France.

Podcast Conversation: Chefs Turn to Induction for Safety and Precision

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Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the August jobs report and earnings from Salesforce
In the UK – a look at the future of Europe's banking industry
In Asia – a look at how China is stepping up the technology battle with the US

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On today's podcast:

(1) German Chancellor Friedrich Merz says a meeting between Ukrainian President Volodymyr Zelenskiy and Russia’s Vladimir Putin is unlikely to materialize, even though it was touted earlier by President Donald Trump.

(2) European powers referred Iran to the United Nations to face the re-imposition of tough international sanctions after the Islamic Republic failed to comply with demands to negotiate with the US and allow nuclear inspectors to resume their work.

(3) Federal Reserve Governor Christopher Waller again called for lower interest rates, saying he would support a quarter-percentage point reduction in September and anticipates additional cuts over the next three to six months.

(4) A solid economic reading drove stocks to fresh all-time highs, but Wall Street traders refrained from making big moves before inflation data that could bring more clues on the pace of Federal Reserve rate cuts. Short-dated Treasury yields rose. The dollar fell.

(5) Lobbyists are lining up to attend Reform UK’s annual conference next week in a sign corporate Britain is increasingly taking Nigel Farage’s outfit seriously as an electoral force.

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On today's podcast:

(1) Nvidia, the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending.

(2) Francois Bayrou said he will negotiate directly with lawmakers next week and warned against new elections as he battles to stop France’s parliament from forcing him to resign.

(3) NATO members are on track to spend more than $1.5 trillion on defense in 2025, according to the alliance’s latest estimates, as they build up their militaries amid geopolitical tensions and pressure from the US.

(4) The Mexican government plans to increase tariffs on China as part of its 2026 budget proposal next month, protecting the nation’s businesses from cheap imports and satisfying a longstanding demand of US President Donald Trump.

(5) Two children were killed and 17 people injured after a gunman dressed in black fired dozens of rounds through the windows of a Minneapolis Catholic church holding a Mass for elementary school students.

(6) Europe’s new-car market rose the most in 15 months in July, as consumers shrugged off concerns over the global economy to splash out on fully electric and hybrid models.

Podcast Conversation: Netflix Missed a Moment With ‘KPop Demon Hunters’

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On today's podcast:

(1) President Donald Trump said he was prepared for a legal fight with Federal Reserve Governor Lisa Cook after he moved to oust her from her post following allegations that she falsified mortgage documents.

(2) France’s bond yields could spike to 100 basis points above their German peers for the first time since 2012 if the nation’s political crisis deepens, according to Carmignac.

(3) UK long bond yields soared to within a whisker of a 27-year high Tuesday, piling pressure on Prime Minister Keir Starmer’s government to rein in its fiscal stance.

(4)Nigel Farage vowed to expel tens of thousands of asylum-seekers from the UK, tapping a policy deployed in the US by President Donald Trump as he seeks to guide his populist Reform party to power at the next general election.

(5) President Donald Trump imposed a crushing 50% tariff on some Indian goods — the highest in Asia — to punish the country for buying Russian oil, upending a decades-long push by Washington to forge closer ties with New Delhi.

(6) SpaceX’s Starship rocket launched to space and deployed satellites for the first time before surviving most of its journey to Earth, achieving new technological milestones after a year of fiery setbacks.

Podcast Conversation: Taylor Swift Turns Her Engagement Into Another Media Coup

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On today's podcast:

(1) President Donald Trump moved to oust Federal Reserve Governor Lisa Cook from her post at the US central bank in the wake of allegations from a White House ally that she falsified documents on mortgage applications.

(2) US President Donald Trump threatened to impose fresh tariffs and export restrictions on advanced technology and semiconductors in retaliation against other nations’ digital services taxes that hit American technology companies.

(3) Prime Minister Francois Bayrou called a confidence vote that may topple France’s government as soon as next month, prompting a selloff in French assets as investors hedged for more political uncertainty.

(4) Britons looking for their first jobs face the worst hiring drought since the depths of the Covid pandemic, as the rise in artificial intelligence and higher employment costs distort career opportunities.

(5) UK grocery prices edged up in August, as bad weather and poor harvests exacerbated the strain of higher operating costs hitting supermarkets.

(6) Elon Musk accused Apple Inc. and OpenAI in a lawsuit of unfairly favoring the artificial intelligence company across iPhones and thwarting competition for other chatbot makers.

Podcast Conversation: Labubus Go for Up to $150,000 Fueled by Blackpink, Brad Pitt

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Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to personal spending data and earnings from Nvidia.
In the UK – a look at the upcoming Medef Conference.
In Asia – a look at the next Bank of Korea decision and the HK IPO market.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Warnings on defaults are starting to pile up in the $1.7 trillion private credit market, prompting at least some analysts to raise concern about underappreciated risks in one of Wall Street’s favorite money spinners.

(2) Bond investors are heading into Friday’s much-anticipated Jerome Powell speech largely expecting the Federal Reserve chair will indicate policymakers will start cutting interest rates next month.

(3) Nvidia has instructed component suppliers including Samsung Electronics Co. and Amkor Technology Inc. to stop production related to the H20 AI chip, The Information reported, citing unidentified sources.

(4) The US and European Union took the next steps to formalize their trade pact, detailing plans that could reduce tariffs on European automobiles within weeks while opening the door to new potential discounts for steel and aluminum.

(5) The UK is bolstering its air defense capabilities with a new contract for missile systems, as European military planners work to map out a post-peace plan for Ukraine that could see its skies protected by western allies.

(6) UK consumers are the most optimistic they’ve been about their household budgets in 12 months, according to a closely watched survey, a sign Britons are starting to feel the benefits of the Bank of England’s interest rate cuts.

Podcast Conversation: AI Slurs Are Just the Start of the Backlash

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On today's podcast:

(1) Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank, defying calls for her resignation by President Donald Trump over allegations of mortgage fraud.

(2) Most Federal Reserve officials highlighted inflation risks as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee.

(3) The NASDAQ declined for the second straight day yesterday, with MAG 7 stocks on their longest losing streak since April. Futures are currently pointing higher for the tech-heavy index, but this week's dip has raised questions if the rally in the sector has gone too far, too fast.

(4) UK Chancellor of the Exchequer Rachel Reeves is considering taxing high-value family homes at the point of sale as she looks for ways to plug a multibillion-pound hole in the upcoming budget.

(5) European leaders are discussing a security guarantee for Ukraine that would commit Kyiv’s allies to decide within 24 hours whether to provide military support to the country if it’s again attacked by Russia.

(6) A UK ban on disposable vapes is failing to stop users treating refillable devices as if they are still throwaway products, new research shows.

Podcast Conversation: ‘Kill Bill’ Kicks Turn Soft Power to Hard Profit

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On today's podcast:

(1) Global stocks paused after a record-breaking run, with a sharp selloff in heavyweight technology shares dragging markets lower and futures indicating further declines.

(2) President Donald Trump has bought hundreds of bonds since he returned to office, including those sold by US companies affected by the sweeping changes to federal policies he’s championed.

(3) A package of security guarantees for Ukraine will take shape as soon as this week as leaders seize on President Donald Trump’s backing for a plan that involves sending European troops as part of a potential peace deal.

(4) Thousands of firefighters worked overnight to contain dozens of deadly wildfires burning across Spain and Portugal as heat and gusty winds spread blazes through dry brush, forests and crops.

(5) When a company abruptly ditches its CEO, the costs of the shakeup can quickly add up. Bloomberg News consulted with compensation consultants, academics, corporate lawyers, executive-search advisors and public-relations experts on the true cost of firing your CEO.

(6) Overtourism and climate change have created a dangerous feedback loop that endangers Southern Europe’s tourism industry.

Podcast Conversation: Why We Love Succession Dramas About Billionaire Family Business

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On today's podcast:

(1) US President Donald Trump called Vladimir Putin and urged the Russian leader to begin making plans for a summit with Volodymyr Zelenskiy, after meeting the Ukrainian president and European leaders at the White House on Monday.

(2) The Trump administration is in discussions to take a stake of about 10% in Intel Corp., according to a White House official and other people familiar with the matter, a move that could see the US become the beleaguered chipmaker’s largest shareholder.

(3) The yield on long-dated inflation-linked bonds surpassed the highs seen during the gilt-market meltdown three years ago, the latest unwanted market milestone for the UK government.

(4) The Treasury is examining the possibility of replacing stamp duty and introducing a new tax on the sale of UK homes worth more than £500,000 ($676,000), according to the Guardian.

(5) Apple will no longer be forced to provide a so-called backdoor to American users’ data to the UK government, US Director of National Intelligence Tulsi Gabbard said in a post on X on Monday.

(6) In 2022, Saudi Arabia announced one of its most ambitious endeavours to date: a sprawling ski resort in the heart of the dry Middle Eastern desert. It’s becoming one of the most difficult tests yet of the kingdom’s ability to pull off Crown Prince Mohammed bin Salman’s grand ambitions.

Podcast Conversation: Rich Londoners Balk at Hearing ‘No’ in Efforts to Install ACs

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On today's podcast:

(1) Ukrainian President Volodymyr Zelenskiy and his European allies arrive in Washington on Monday anxious to find out what Donald Trump committed to at his summit with Vladimir Putin and apprehensive that he’ll force Kyiv into making unpalatable concessions.

(2) UK Prime Minister Keir Starmer declared at a Jaguar Land Rover factory in May that his world-leading trade deal with President Donald Trump included a cut in US tariffs on British steel to zero.

(3) Israel’s economy slumped in the second quarter as the country’s 12-day war with Iran imposed a total shutdown on many businesses.

(4) Annual pay for bosses of FTSE 100 companies hit a record high for the third consecutive year.

(5) In 1981, the year Airbus SE announced it would build a new single-aisle jetliner to take on Boeing the 737 ruled the roost.

(6) Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but.

Podcast Conversation: Chinese Robotic Stocks May Rise After Unitree Wins Gold in Games

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Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to housing data and retail earnings.
In the UK – a look at challenges facing European banking consolidation ahead of an upcoming shareholder vote in Italy.
In Asia – a look at Japan CPI, PMI, and trade.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Russian President Vladimir Putin sought to strengthen his rapport with Donald Trump ahead of their summit, praising the US leader’s efforts to broker an end to the war in Ukraine and dangling the promise of economic cooperation as well as a new arms control treaty.

(2) The Trump administration is in talks with Intel to have the US government take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry.

(3) London is bearing the brunt of the UK’s jobs slowdown as a combination of tax rises, elevated wage costs and weak consumer spending force the city’s business to cut payrolls faster than in the rest of the country.

(4) US and Canadian banks are summoning staffers back to their offices at a faster rate than European rivals, widening the divide in one of finance’s defining workplace debates.

(5) A battle for talent among Europe’s top football teams is igniting a debt market using the players’ transfer fees as collateral.

Podcast Conversation: Bag Charms Selling for $1,000 Are Retail's Next Little Luxury

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On today's podcast:

(1) US Treasuries held onto gains after traders boosted bets that the Federal Reserve will cut interest rates at its next meeting.

(2) President Donald Trump said he may name the next Federal Reserve chair “a little bit early” and added that he was down to three or four potential candidates as he looks for a successor to Jerome Powell.

(3) US President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president.

(4) Apple is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots, a lifelike version of Siri, a smart speaker with a display and home-security cameras.

(5) Short sellers are betting against Greggs Plc at levels not seen since the global financial crisis, as the UK bakery chain struggles to convince investors that opening more shops will boost lackluster sales.

(6) Bloomberg reports into how Tisza, an upstart Hungarian political movement, is making surprising gains against Viktor Orban's grip on the country's politics.

Podcast Conversation: Even Babies Are Welcome at the Spa at These Ultra Luxury Resorts

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On today's podcast:

(1) Stocks climbed to a record as an in-line US inflation reading eased price concerns and bolstered bets on a Federal Reserve interest-rate cut in September.

(2) President Donald Trump assailed Goldman Sachs Group Inc. Chief Executive Officer David Solomon, saying the bank made a “bad prediction” about the impact of Trump’s sweeping tariff agenda on markets and consumer costs.

(3) Britain’s embattled statistics organization is facing more real-terms cuts to its core funding despite concerns that financial pressures were one of the main factors behind a crisis in the country’s economic data.

(4) Chancellor Friedrich Merz’s CDU/CSU bloc again slipped behind the far-right Alternative for Germany party in a voter poll, while the German leader’s personal approval rating sank to the lowest level since he took office three months ago

(5) Three years ago, Castleton Commodities International analysts huddled in their London office to discuss how to make money from a growing phenomenon in the European power market — negative prices.

Podcast Conversation: The One Trick to Make Amazing Cocktails From Any Hotel Minibar

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On today's podcast:

(1) President Donald Trump extended a pause of sky-high tariffs on Chinese goods for another 90 days into early November, stabilizing trade ties between the world’s two largest economies.

(2) EJ Antoni, chief economist of the conservative Heritage Foundation, has been named to lead the Bureau of Labor Statistics after firing the former head of the agency earlier this month.

(3) The US Treasury secretary has the ear of an impulsive president—and nervous investors worldwide hope it stays that way. An exclusive interview.

(4) President Donald Trump downplayed expectations for his upcoming meeting with Russian leader Vladimir Putin as he seeks to end the war in Ukraine, casting it as a “feel-out meeting” and saying he would confer with Ukrainian and European leaders after the sitdown.

(5) President Donald Trump announced he would take federal control of Washington DC’s police department and deploy 800 National Guard troops there, escalating his push to exert power over the nation’s capital.

(6) The Oasis comeback tour looks set to add to a resurgence of inflation in the UK, complicating an already tricky situation that has divided the Bank of England.

Podcast Conversation: TikTok Trends Are Driving Random Consumer Spending Spikes

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On today's podcast:

(1) Nvidia and Advanced Micro Devices agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses, an unusual arrangement that may unnerve both US companies and Beijing.

(2) European nations are seeking to talk to Donald Trump ahead of the US president’s planned meeting in Alaska with Russian leader Vladimir Putin, according to people familiar with the matter.

(3) Israeli Prime Minister Benjamin Netanyahu defended his plan for a military sweep against the final Hamas strongholds in Gaza, calling it the best available option for recovering hostages while safeguarding his country’s long-term security — an argument that’s met vocal opposition at home and abroad.

(4) It was a “trailblazing” project - and for the two small pension funds that helped finance it, a chance to prop up the retirement savings of dentists and pharmacists in rural northern Germany. We look at Germany's biggest property crash since the financial crisis.

(5) The UK jobs market weakened across the board in July as employers cut their payroll budgets in response to Chancellor of the Exchequer Rachel Reeves’ £26 billion ($34.9 billion) tax increase, according to a survey closely monitored by the Bank of England.

(6) European Central Bank officials will wait until December to deliver their next interest-rate cut in what is likely to be the final move in the cycle, a Bloomberg survey showed.

Podcast Conversation: Teach Your Kids Poker the Easy Way

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Bloomberg Daybreak Weekend with Guest Host Amy Morris take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI, PPI, and retail sales data, along with Cisco earnings.
In the UK – a look at Europe’s renewable energy sector and Vestas earnings.
In Asia – a look at ahead to the next RBA decision, and the impact of chip tariffs.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israeli Prime Minister Benjamin Netanyahu secured cabinet approval on Friday for a military takeover of Gaza City, which he described as part of a final push to topple Hamas after 22 months of fighting and recover its last 50 hostages, dead or alive.

(2) President Donald Trump said he had chosen Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor.

(3) President Donald Trump said he’d be willing to meet with Vladimir Putin, even if the Russian leader hadn’t yet agreed to also sit down with Ukrainian President Volodymyr Zelenskiy.

(4) The US confirmed it would end stacking of universal tariffs on Japan and cut car levies as promised, Tokyo’s top trade negotiator Ryosei Akazawa said after a meeting on Thursday with his counterparts in Washington.

(5) Jamie Dimon, JPMorgan's chief executive, says US financial regulations are out of control and have been taken to a whole new level.According to an analysis by Bloomberg News, new financial regulations introduced since the Great Financial Crisis may have added 51 million hours of extra annual paperwork, bringing the total to 425 million hours.

Podcast Conversation: High Earner Not Rich Yet? Meet France's Nicolas: Lionel Laurent

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On today's podcast:

(1) US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, escalating a fight with a key Asian partner and sparking outrage in New Delhi.

(2) Donald Trump declared plans for a 100% tariff on semiconductor imports while promising to exempt companies such as Apple Inc. that move production back to the US, triggering a scramble among trading partners and companies worldwide to make sense of the threat.

(3) Switzerland’s president left Washington without announcing any success in lowering the 39% tariff that US President Donald Trump has put on her country.

(4) Three Federal Reserve policymakers voiced concerns about the US labor market Wednesday with remarks that pointed to a potential interest-rate cut in September.

(5) The Bank of England is set to cut interest rates to the lowest level in over two years, as its policymakers contend with a slowing economy and a jobs market rattled by higher taxes.

Podcast Conversation: A Private Island Fort Off the Coast of Wales Hits the Market

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On today's podcast:

(1) President Donald Trump said he’d impose increased tariffs on countries buying energy from Russia while clarifying that levies on semiconductor and pharmaceutical imports would be announced “within the next week or so.”

(2) Swiss President Karin Keller-Sutter arrived in Washington to make a last-minute bid for a deal to lower the 39% tariff imposed last week by Donald Trump.

(3) The outlook for Wall Street bonuses is improving, with payouts now set to rise across most sectors of the finance industry as the market rebounds.

(4) President Donald Trump said he would make his decision on a replacement for outgoing Federal Reserve Governor Adriana Kugler this week as he looks to make his imprint on the central bank’s monetary policy.

(5) UK Chancellor of the Exchequer Rachel Reeves is facing a £51 billion ($68 billion) shortfall to fill at the autumn budget, according to a prominent economic think tank that warned she will likely need to break Labour’s pledge not to raise major taxes.

(6) When Novo Nordisk announced it was hunting for a replacement chief executive officer to revive its fortunes, the weight-loss drug maker — whose value has dropped by about two thirds in the past year — could have parachuted in a hot-shot executive from outside.

Podcast Conversation:HelloFresh Is Investing $70 Million to Have AI Help Plan Dinner

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On today's podcast:

(1) President Donald Trump said he would be “substantially raising” the tariff on Indian exports to the US over the Asian nation’s purchases of Russian oil, a move New Delhi slammed as unjustified in an escalating fight between the two major economies.

(2) The Swiss government said it is determined to win over the US on trade after last week’s shock announcement of 39% tariffs on exports to America.

(3) Tesla approved an interim stock award worth about $30 billion for Chief Executive Officer Elon Musk, a massive payout meant to keep the billionaire’s attention on the automaker as a legal fight over a 2018 pay package drags on.

(4) Texas Governor Greg Abbott ordered the arrest of Democratic lawmakers who left the state to block a controversial vote on new congressional maps.

(5) Palantir reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business.

(6) The UK government said it would begin detaining small-boat migrants “within days” to be sent back to France, as the two countries prepared to formalize a “one in, one out” treaty on Tuesday.

Podcast Conversation: AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he will announce a new Federal Reserve governor and a new jobs data statistician in the coming days, two appointments that may shape his economic agenda amid anxiety over the trajectory of global growth.

(2) US stock futures advanced as equity investors took some positives from increased expectations for Federal Reserve interest-rate cuts following Friday’s weak US payrolls data.

(3) As US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe — corporates across the continent are taking notice.

(4) BMW is staging a swift rollout of 40 new or updated models, including the iX3, which will share slick software, high-performance computers, and radically different design cues.

(5) OPEC+ closed a two-year chapter in its oil strategy on Sunday with the last in a series of bumper oil production increases. But it left crude traders with a cliffhanger.

(6) Texas Democratic lawmakers said they left the state in an effort to temporarily block Republicans from redrawing its congressional maps — a redistricting initiative pushed by President Donald Trump.

Podcast Conversation: Healthy Lifestyle Choices Slow Brain Aging: Lisa Jarvis

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Bloomberg Daybreak Weekend with Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to earnings from Walt Disney and Uber.
In the UK – a look ahead to earnings from BP.
In Asia – a look at ahead to how US smartphone production will be impacted by Apple’s shift towards India, along with an outlook for China property.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce.

(2) Copper traders are rushing to book up storage space in a bet that US President Donald Trump’s shock decision not to tariff the main traded form of the metal will prompt a wave of copper into warehouses on the London Metal Exchange.

(3) The Federal Reserve’s preferred measure of underlying inflation increased in June at one of the fastest paces this year while consumer spending barely rose, underscoring the dueling forces dividing policymakers over the path of interest rates.

(4) Tom Sosnoff, co-founder of tastytrade, trades options live in front of an audience, demonstrating how understanding options can enrich retail traders.

(5) Apple reported its fastest quarterly revenue growth in more than three years, easily topping Wall Street estimates, after demand picked up for the iPhone and products in China.

(6) Amazon dropped in late trading after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, leaving investors searching for signs that the company’s huge investments in artificial intelligence are paying off.

Podcast Conversation: Venture Capital’s Obsession With Podcasts Transforms Tech Media (2)

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Meta is taking advantage of its lucrative advertising business and stepping up spending next year, with executives saying now is the time to seize on investment opportunities in artificial intelligence.

(2) Microsoft said it will spend more than $30 billion in the current quarter to build out the data centers powering its artificial intelligence services.

(3) Standard Chartered announced a fresh $1.3 billion share buyback as it reported second-quarter earnings that beat expectations amid the tumult caused by US President Donald Trump’s tariff war.

(4) Societe Generale increased the amount of money it wants to return to investors and improved its profitability guidance, highlighting how it has turned a corner under Chief Executive Officer Slawomir Krupa.

(5) Housing developers are claiming that the UK's tough post-Grenfell checks are making it too complicated to build new high-rise buildings, worsening its housing shortage.

(6) US President Donald Trump announced a trade agreement with South Korea that will impose a 15% tariff on imports, while issuing a barrage of new tariff announcements.

(7) The global copper market is reeling from President Trump's 50% tariff on imports of the metal as the president exempted key products - including refined metal - from the levy.

Podcast Conversation: Wharton Experiment Finds ‘Dumb’ AI Bots Collude to Rig Markets

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On today's podcast:

(1) Hawaii and remote parts of California’s coast are bracing for tsunamis to hit within hours, after a powerful earthquake in Russia’s Far East triggered alerts across the Pacific.

(2) US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between the world’s two biggest economies.

(3) HSBC's earnings for the second-quarter fell short of expectations after it posted an increase in expenses, and took a charge on its holdings in a Chinese bank.

(4) Investors parsing Jerome Powell’s remarks Wednesday for any hint that the Federal Reserve is moving closer to an interest-rate cut might be left wanting.

(5) Santander posted a record second-quarter profit and announced a new buyback as Spain’s largest bank makes good on a pledge to repurchase at least €10 billion ($11.6 billion) worth of stock over two years.

Podcast Conversation: Terror at Blackstone: The Harrowing Hours at 345 Park Avenue

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On today's podcast:

(1) A gunman killed at least four people and himself at an office tower that houses Blackstone Inc., Rudin Management, the National Football League and KPMG among others, sparking hours of chaos and fear in Midtown Manhattan on Monday evening.

(2) The European Union dodged an imminent trade war with the US this week, but markets and a growing chorus of critics have dispelled early hopes that the deal will bring a sense of stability back to transatlantic relations.

(3) Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm.

(4) President Donald Trump said he would shorten his timeline for Russian leader Vladimir Putin to reach a truce with Ukraine or face potential economic penalties, heightening pressure on Moscow to bring the fighting to a halt.

(5) The rising price of products such as tea and meat pushed UK food inflation to its highest level in 17 months, as retailers blamed the Labour government’s first budget for driving up costs.

(6) Prime Minister Keir Starmer has been urged by a group of economists including Thomas Piketty to implement a wealth tax they claim can raise tens of billions of pounds for the UK treasury.

Podcast Conversation: Boxing, Backflipping Robots Rule at China’s Biggest AI Summit

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On today's podcast:

(1) The US and European Union agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy.

(2) US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions.

(3) UK Prime Minister Keir Starmer will meet US President Donald Trump in Scotland on Monday in a bid to remove the remaining obstacles to their trade deal and press for a lasting ceasefire in Gaza.

(4) Israel increased aid distribution to Gaza over the weekend in an effort to defuse a growing international outcry over hunger convulsing the shattered Palestinian enclave.

(5) Samsung Electronics Co. will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division.

Podcast Conversation: Rome's Next Big Tourist Draw Risks Going Bust Before It Opens

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While discussions of US tariff policies dominated Q2 earnings calls to an unprecedented degree, another equally important trend is bubbling just under the surface in C-suites and on trading floors: concern that the economic uncertainty caused by tariff turmoil may lead to a downturn. That’s the conclusion of the third edition of the CEO Radar—a tool to help CEOs determine which issues truly deserve their time and attention. It unpacks the leading topics discussed on more than 4,500 earnings calls worldwide in Q2 2025, enabling chief executives to compare their agendas to those of their peers, and to the market’s expectations. On this episode of the CEO Radar Podcast, Edward Adams of Bloomberg Media Studios is joined by BCG Global Chair Rich Lesser and Mai-Britt Poulsen, Global Leader of BCGs Consumer & Retail Practice, to discuss how CEOs can build their resilience.

This episode of the CEO Radar Podcast is produced by Bloomberg Media Studios and sponsored by by BCG Global.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to a monetary policy decision from the Fed and earnings from some of the “Magnificent Seven” tech companies.
In the UK – a look at President Trump’s trip to Scotland.
In Asia – a look at ahead to China PMI data and a conversation on Asia tech investing.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Chair Jerome Powell is smack in the middle of one of President Donald Trump’s preferred attack strategies — flooding the zone.

(2) European Central Bank policymakers pushing for another cut in interest rates face an uphill battle, with inflation at 2% and the economy withstanding trade turbulence, according to people familiar with the matter.

(3) LVMH sales fell as shoppers reined in purchases of costly Louis Vuitton bags and Dior jackets, a sign the luxury titan remains stuck in its post-pandemic slump.

(4) Australia and the UK will hold talks between their foreign and defense ministers in Sydney on Friday, with the aim of signing a £20 billion ($27 billion) “treaty” to help build nuclear-powered submarines.

(5) The UK has restored its international standing after years of “performative” politics under successive Conservative governments, Labour Prime Minister Keir Starmer said in an interview after sealing a long-sought trade deal with India on Thursday.

Podcast Conversation: London's Central Line Is Broiling City Commuters Daily

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On today's podcast:

(1) The European Union and the US are progressing toward an agreement that would set a 15% tariff for most imports, according to diplomats briefed on the negotiations.

(2) Top representatives from the European Union met with Chinese President Xi Jinping Thursday, opening their first in-person summit since 2023 that’s exposing a divide between the bloc and Beijing just months after earlier signs of a possible detente.

(3) Elon Musk warned of a hard year ahead for Tesla Inc., adding to the automaker’s woes after reporting one of its worst quarters of the last decade.

(4) The number of companies and organizations compromised by a security vulnerability in Microsoft Corp.’s SharePoint servers is increasing rapidly, with the tally of victims soaring more than six-fold in a few days, according to one research firm.

(5) British car and van production in the first half of this year has hit its lowest level since 1953, excluding the industry shutdown during Covid.

Podcast Conversation: The Odyssey Is Making Movies Feel Like a Concert: Jason Bailey

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on US imports from the country, including its auto sector, while creating a $550 billion fund backed by the Japanese to make investments in America.

(2) UniCredit dropped its bid for rival Banco BPM ending an eight-month standoff with its rival and the Italian government over the plan to create the country’s largest lender.

(3) The US agency responsible for maintaining and designing the nation’s cache of nuclear weapons was among those breached by a hack of Microsoft Corp.’s SharePoint document management software, according to a person with knowledge of the matter.

(4) Morgan Stanley is being probed by the Financial Industry Regulatory Authority over its vetting of clients for the risk of money laundering, the Wall Street Journal reported.

(5) SAP reported quarterly cloud and software sales that fell just short of estimates as tariff insecurities weighed on Europe’s most valuable company.

Podcast Conversation: Meme Stock Fever Is Spreading Like It’s 2021 With Kohl’s Soaring

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A cohort of the world’s largest asset managers is leaning harder into the rally in risk assets as US stocks push to fresh highs, defying persistent trade and geopolitical tensions.

(2) Junk bond funds based in Europe saw their biggest weekly inflow of the year last week, as investors continue to pile into an asset class that offers relatively generous yields, stability and diversification away from the US dollar.

(3) AstraZeneca plans to invest $50 billion in the US before 2030, becoming the latest European pharma company to ratchet up spending in the country ahead of potential tariffs on imported medicines.

(4) Treasury Secretary Scott Bessent said in a social media post Monday that there should be a review of the decision to renovate parts of the Federal Reserve headquarters in Washington.

(5) The ruling Labour party and upstart rival Reform UK separately opened the door to a potential increase in the retirement age, a move that would help cut the government’s costs but almost certainly draw a backlash from the public.

Podcast Conversation: How YouTube and Tiktok Are Shaping a New Generation of Chefs

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On today's podcast:

(1) European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. 1 deadline.

(2) The global economy started 2025 on a solid footing. Now the ground has shifted. We estimate the average US tariff rate has risen to 13.3% from 2.3% in January. That's already the highest rate since 1939. As the impacts of President Trump's trade war crystallize, we expect a $2 trillion hit to global GDP by the end of 2027.

(3) Japanese Prime Minister Shigeru Ishiba said he intended to stay on even as his ruling coalition suffered a historic setback in an upper house election on Sunday, an outcome that may further unsettle markets.

(4) London Stock Exchange Group is weighing whether to introduce 24-hour trading in response to growing demand from small investors, the Financial Times reported.

(5) UK home sellers slashed prices at a record pace this month as a decade-high number of properties for sale tips the scales in favor of buyers in some of the nation’s most-expensive markets.

Podcast Conversation: In 'Alien: Earth' the Real Baddie Is Tech's Corporate Culture

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Bloomberg Daybreak Weekend with Tom Busby take a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to housing data and earnings from Tesla.
In the UK – a look ahead to the next ECB monetary policy decision.
In Asia – a look at ahead to Japan’s upper house election.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to support a labor market that is showing signs of weakness.

(2) Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project.

(3) Some traders have placed wagers in the UK options market that could net a more than 1,000% return if the Bank of England ignores inflation at an eighteen month high and delivers more cuts this year than rates pricing suggests.

(4) The US Commerce Department will impose preliminary anti-dumping duties on imports of Chinese graphite, a key battery component, after concluding that the materials had been unfairly subsidized.

(5) While rival media companies are unloading assets and cutting costs, Netflix continues to thrive.

(6) England are through to the semi-finals of the Women's European football championship after beating Sweden on penalties

Podcast Conversation: ChatGPT Will Soon Shop Online, Make PowerPoints on Your Behalf

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On today's podcast:

(1) Once again, President Donald Trump demonstrated his power to shake up global financial markets. This time, by returning to one of his favorite topics: whether to fire Federal Reserve Chair Jerome Powell.

(2) The US President said he would send letters to more than 150 countries notifying them their tariff rates could be 10% or 15% as he forges ahead with his trade agenda.

(3) JPMorgan Chase keeps putting more distance between itself and key rivals.The first half saw the bank’s market value surpass that of its three largest competitors — BofA, Citigroup and Wells Fargo — combined.

(4) Wall Street banks were optimistic Donald Trump’s second term would unleash a dealmaking boom. Instead, it’s delivered a trading bonanza.

(5) When Jon Cunliffe arrived at the Bank of England in 2013 he had a daunting task: implement the biggest ever clean-up of Britain’s banking system — designed in the wake of the financial crisis — to prevent highly leveraged lenders from collapsing. Tempted out of retirement in 2024, the 72-year-old has been asked to pull off a similar job, but this time as the architect of a reform package to fix the UK’s heavily indebted and wildly unpopular water industry

(6) Germany has rejected the European Commission’s €2 trillion ($2.3 trillion) budget proposal, hours after it was announced by European Commission President Ursula von der Leyen in Brussels.

(7) UK Prime Minister Keir Starmer and German Chancellor Friedrich Merz will sign a new Anglo-German treaty in London on Thursday that includes a commitment to assist each other in case of armed attack.

Podcast Conversation: How the Boss Optimizes Their Routine for a Good Night's Sleep

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French Prime Minister Francois Bayrou proposed scrapping two national holidays, part of a drastic effort to repair public finances that’s set to unleash a parliamentary backlash in the fall.

(2) Chancellor of the Exchequer Rachel Reeves pledged to shake up post-crisis rules that are meant to shield consumers’ money from the vagaries of investment banking as the UK government looks to the finance sector to help spur economic growth.

(3) The UK tax authority cannot identify how much tax the nation’s billionaires pay on their wealth, hampering its ability to properly impose levies on the ultra-wealthy, according to lawmakers.

(4) The UK’s previous government set up a secret immigration route for Afghans affected by a data breach three years ago and then kept it secret from the British public, Defence Secretary John Healey said.

(5) Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.

(6) As Donald Trump’s tariff policies roiled markets almost everywhere, on Wall Street they were helping the biggest banks set records. JPMorgan’s stock traders scored their best second quarter ever, while Citigroup Inc.’s, trading division saw its best result for that period in five years. Analyst predictions were easily surpassed by the banks’ respective hauls, and even investment banking businesses did better than expected despite fears the same volatility might stymie deals.

Podcast Conversation: Hot Jewelry Companies Find Major Success With Art Deco Designs

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On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves will highlight plans to spur homeownership by easing access to mortgages in her flagship annual address to the City of London, a key moment for Britain’s finance minister as she seeks to bounce back from a rocky period that included a market-moving tearful appearance in the House of Commons.

(2) The UK economy is showing more signs of rebounding from its recent slump, with a jump in June retail sales adding to evidence of a strong pick-up in activity seen in other leading indicators.

(3) China’s economic growth exceeded expectations in the second quarter, but strong exports to markets outside the US masked deepening pressure caused by weak consumer demand at home.

(4) Nvidia Corp. plans to resume sales of its H20 AI chip to China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance.

(5) US President Donald Trump threatened to impose stiff financial penalties on Russia if it does not end hostilities with Ukraine even as he pledged fresh weapons supplies for Kyiv.

(6) The European Union has finalized a second list of countermeasures to target US goods worth €72 billion ($84 billion), including Boeing Co. aircraft, automobiles and bourbon if it decides to retaliate as transatlantic trade tensions intensify.

Podcast Conversation: What’s in a Fob? The Surprising Complexity of Designing Car Keys

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On today's podcast:

(1) The EU is preparing to step up its engagement with other countries hit by Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners, according to people familiar with the matter.

(2) Equity-index futures retreated and Asian shares edged down in a cautious start to the week after President Donald Trump dialed up trade tensions by announcing a 30% tariff on goods from the European Union and Mexico.

(3) Hiring by UK businesses plunged at the fastest pace in nearly two years, according to a survey that suggested that the fallout from a hike in payroll taxes is showing little sign of letting up.

(4) King Charles III will host US President Donald Trump for a state visit in September, the second time Trump will have received the highest honor offered to a visiting dignitary by the UK.

(5) President Emmanuel Macron said France will make a “new” and “historic” effort to increase defense spending to counter an acceleration of threats to freedom in Europe and the risk of outright war in the coming years.

Podcast Conversation: At 66, I Decided to Get Healthy Again: Essay

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI and PPI data, along with Netflix earnings.
In the UK – a look ahead to a speech from UK Chancellor Rachel Reeves.
In Asia – a look at several key data points for the Japanese economy.

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On today's podcast:

(1) President Donald Trump threatened a 35% tariff on some Canadian goods and raised the prospect of increasing levies on most other countries, ramping up his trade rhetoric in comments that weighed on stocks and boosted the US dollar.

(2) Markets are complacent on tariffs planned by US President Donald Trump, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has warned.

(3) Keir Starmer sealed a “one in, one out” migrant returns trial with French President Emmanuel Macron that highlighted the limits for now of the UK Prime Minister’s efforts to reset relations with European nations five years after Brexit.

(4) Since arriving at Santander in 2016, Javier Garcia-Carranza has pushed through sweeping change: ousting managers, slashing costs and overhauling traditional ways of working to become one of Chair Ana Botin's closest allies.

(5) French Prime Minister Francois Bayrou called on the European Central Bank to do more to support the economy as his government struggles to contain its budget deficit and address slowing growth.

(6) President Donald Trump said he plans to make a “major statement” on Russia, as the US prepares to send more American weapons to Ukraine via purchases from NATO allies.

(7) Ukrainian President Volodymyr Zelenskiy said a meeting with US and European allies in Rome stoked optimism that Donald Trump’s administration will ramp up military aid to the war-battered country, including air defense.

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On today's podcast:

(1) President Donald Trump threatened a 35% tariff on some Canadian goods and raised the prospect of increasing levies on most other countries, ramping up his trade rhetoric in comments that weighed on stocks and boosted the US dollar.

(2) Markets are complacent on tariffs planned by US President Donald Trump, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has warned.

(3) Keir Starmer sealed a “one in, one out” migrant returns trial with French President Emmanuel Macron that highlighted the limits for now of the UK Prime Minister’s efforts to reset relations with European nations five years after Brexit.

(4) Since arriving at Santander in 2016, Javier Garcia-Carranza has pushed through sweeping change: ousting managers, slashing costs and overhauling traditional ways of working to become one of Chair Ana Botin's closest allies.

(5) French Prime Minister Francois Bayrou called on the European Central Bank to do more to support the economy as his government struggles to contain its budget deficit and address slowing growth.

(6) President Donald Trump said he plans to make a “major statement” on Russia, as the US prepares to send more American weapons to Ukraine via purchases from NATO allies.

(7) Ukrainian President Volodymyr Zelenskiy said a meeting with US and European allies in Rome stoked optimism that Donald Trump’s administration will ramp up military aid to the war-battered country, including air defense.

Podcast Conversation: BloombergUK to End Paper Shares After 400 Years to Boost City’s Appeal14 hours ago

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On today's podcast:

(1) Donald Trump’s threat to impose 50% tariffs on Brazilian goods sent the country’s currency plunging as the US leader sharply escalated a dispute with Latin America’s largest nation and leftist leader Luiz Inacio Lula da Silva.

(2) President Donald Trump said the US would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt American producers of everything from automobiles to appliances.

(3) Nvidia became the first company in history to achieve a $4 trillion market valuation, cementing its status as a kingpin in the global financial market.

(4) As the deadline for talks on US 'reciprocal' tariffs nears, Bloomberg Economics estimates the EU's best-case scenario - where the EU faces only 10% tariffs and no duties on cars, car parts, or metal products -- the tariff shock would drop to about 5.5 percentage points, down from 9 points under current policy.

(5) Running could turn around the fortunes of Puma SE and Adidas AG as they look to make up ground lost to new upstarts before US tariffs start to bite.

(6) The UK and French governments plan to order more of the Storm Shadow cruise missiles that they’ve been supplying to Ukraine, as well as accelerate efforts to develop a next-generation replacement for the weapons.

(7) On Wednesday, scientists released a first-of-its-kind rapid attribution study linking recent deaths in Europe due to climate change-linked extreme heat, which killed an estimated 2,300 people in 12 European cities, including Barcelona, between June 23 and July 2.

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On today's podcast:

(1) US President Donald Trump sowed fresh chaos in metals markets with news of a higher-than-expected 50% tariff on copper imports, spurring a record spike in US futures and a drop in the global benchmark.

(2) President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new rates on imports of copper and pharmaceuticals.

(3) As the European Union nears a trade deal with the US, its negotiators are focusing on protecting key industries from massive tariffs set to hit the bloc’s exports as soon as Aug. 1.

(4) Britain is at risk of a £22 billion ($29.9 billion) surge in debt-interest costs as pension schemes buy fewer government bonds, threatening to worsen an “unsustainable” outlook for the public finances.

(5) UK officials were kept in the dark over a crucial report detailing major cultural failings at the statistics body that contributed to the breakdown of official unemployment data.

(6) SpaceX is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk’s rocket and satellite maker at around $400 billion, people familiar with the matter said.

Podcast Conversation: From Delhi to Dubai: Food Trends That Will Dominate Snack Aisles

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On today's podcast:

(1) President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariff rates on key trading partners, but suggested that he was still open to additional negotiations and pushed off increased duties until at least Aug. 1.

(2) The European Union is seeking to conclude a preliminary trade deal with the US this week that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline as they negotiate a permanent agreement.

(3) The UK is racing to secure US agreement to make operational a deal to eliminate tariffs on British steel ahead of a Wednesday deadline when American officials could choose instead to raise the levy to 50%.

(4) More than 100 people have been confirmed dead in floods that tore through central Texas over the weekend, marking a grim milestone as searchers used boats, dogs and drones to locate victims and authorities debated whether anything more could have been done to prevent the disaster.

(5) The UK government is moving to ban employers deploying nondisclosure agreements to muzzle workers who have been victims of misconduct on the job.

(6) France's President Emmanuel Macron arrives in Britain today for the first state visit from a french leader since 2008.

Podcast Conversation: Outdoor Baths, Americans Are Driving Cotswolds Property Trends

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On today's podcast:

(1) President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty into global trade as the US continues to negotiate levies with many trading partners.

(2) China will impose some reciprocal curbs on medical-device procurement for companies based in the European Union, adding tensions between the two major trading partners just as Beijing seeks to shore up ties while it fights a trade war with the US.

(3) 82 people are now known to have died in Texas after catastrophic flooding that left officials struggling to explain whether they did enough to warn people of the fast-rising waters.

(4) British bosses were clamouring for change after 14 years of rule by the opposition Conservative party. But a year on from the Labour Party’s landslide election win, that initial optimism has been replaced by discontent over tax increases, persistent red tape and a lack of dialogue with the government.

(5) Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.

(6) The UK government talked down hopes that the two-child cap on parental benefits might be scrapped, as Prime Minister Keir Starmer seeks to hold the line on spending after failing to push through separate controversial welfare cuts.

(7) President Donald Trump blasted Elon Musk’s bid to start a new political party, as the intensifying feud between the former allies deepens concerns among investors over the implications for Tesla Inc. and other companies helmed by the world’s richest man.

Podcast Conversation: Trump's Style Is a Lot. But It's Not Rococo: Feargus O'Sullivan

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to Delta earnings and a summer travel outlook.
In the UK – a look ahead to JP Morgan's Jamie Dimon visit to Ireland ahead of the US tariff deadline for Europe
In Asia – a look at how recent data from China are providing an ambiguous read on the health of the world's second largest economy.

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On today's podcast:

(1) US President Donald Trump said that his administration will start sending out letters to trading partners on Friday setting unilateral tariff rates, which he said countries would have to begin paying on Aug. 1.

(2) The Chinese government intends to cancel part of a two-day summit with European Union leaders planned for later this month, in the latest sign of the tensions between Brussels and Beijing.

(3) Treasury Secretary Scott Bessent dismissed the idea that the dollar’s recent declines raise concerns about its status as the world’s key currency.

(4) The smiling faces of Rory McIlroy, Scottie Scheffler and other millionaire champions beam out from the marketing material for next week’s Scottish Open. “This is Golf Country,” goes the tagline. But away from the sport’s royalty and the glitz of venues such as US President Donald Trump’s two resorts, the home of golf has little to smile about.

(5) President Donald Trump secured a sweeping shift in US domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy.

(6) Chancellor of the Exchequer Rachel Reeves stressed her commitment to fiscal discipline in her management of the UK’s public finances after reassurances about her position from Prime Minister Keir Starmer led jittery markets to rebound on Thursday.

(7) Tributes from the footballing world have continued for Liverpool's Diogo Jota, who died in a car crash alongside his brother in Spain yesterday.

Podcast Conversation: The Cushiest Job in Corporate America Is No More

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On today's podcast:

(1) UK Prime Minister Keir Starmer said Rachel Reeves will stay on as Chancellor of the Exchequer, as he sought to draw a line under speculation about her future that sparked a bond selloff.

(2) As speculation of Reeves’ potential ouster raced through markets, 30-year gilt yields surged 19 basis points Wednesday, the biggest jump since April and one strong enough to send ripples into US Treasuries. Stocks slid. And the pound tumbled as investors headed for the exits, skeptical of Starmer’s continued commitment to shoring up the nation’s precarious finances.

(3) The “weaponization” of foreign exchange is posing a growing headache for central bank reserve managers, giving them more reason to boost their holdings of gold.

(4) House Republican leaders struggled to find the final votes to advance Donald Trump’s massive tax and spending package, holding a key vote open for hours as the president and his allies worked to win them over but expressing confidence the legislation would eventually pass.

(5) President Donald Trump’s administration has lifted recent export license requirements for chip design software sales in China, as Washington and Beijing implement a trade deal for both countries to ease some restrictions on critical technologies.

(6) President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.

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On today's podcast:

(1) Keir Starmer dramatically abandoned his flagship welfare reforms to avoid a historic defeat, leaving the UK prime minister’s authority badly damaged and his government facing a widening fiscal hole to fill.

(2) The Trump administration is halting the transfer of artillery rounds and air defenses to Ukraine, depriving the country of much-needed weapons as it endures stepped-up missile and drone attacks from Russia.

(3) President Donald Trump said Israel has agreed to the conditions needed for a 60-day ceasefire in Gaza, adding that the plan would now be presented to Hamas.

(4) AstraZeneca's Chief Executive Officer Pascal Soriot wants to move the drugmaker’s stock listing to the US, the Times reported, in what would be another sign of the UK’s waning status as a magnet for global capital.

(5) Bank of England Governor Andrew Bailey said high interest rates are having less of an impact on inflation because of Britain’s low levels of debt among both businesses and consumers.

(6) Banco Santander agreed to buy Banco Sabadell SA’s UK unit for £2.65 billion ($3.64 billion), a deal that will make it the UK’s third-largest lender by some measures.

Podcast Conversation: Amazon's Goodreads Is Forgetting Why It Exists

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On today's podcast:

(1) The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

(2) President Donald Trump threatened to proceed with ramping up tariffs on Japan, while his top economic adviser said the White House aims to finalize deals with partners after the July 4 holiday.

(3) UK Prime Minister Keir Starmer is girding for what could be the most consequential vote of his premiership, with Labour rebels warning that the government’s welfare overhaul still risks defeat despite huge concessions to push it through parliament.

(4) Apple is considering using artificial intelligence technology from Anthropic PBC or OpenAI to power a new version of Siri, sidelining its own in-house models in a potentially blockbuster move aimed at turning around its flailing AI effort.

(5) Cybersecurity woes are plaguing the US Treasury Department, deepening a rift between the agency responsible for protecting the integrity of the financial system and the banks it regulates.

(6) Senate Republican leaders continue to scrounge for votes to pass Donald Trump’s $3.3 trillion tax and spending bill as lingering intraparty fights threaten to upend the legislative centerpiece of the president’s domestic agenda.

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On today's podcast:

(1) With just 10 days to go until President Donald Trump’s country-specific tariffs are set to resume, the White House appears poised to fall short of the sweeping global trade reforms it promised to achieve during the three months they were on hold.

(2) Canada has withdrawn its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the US

(3) Senate Majority Leader John Thune is rushing to meet President Donald Trump’s July 4 deadline for pushing through his massive tax and spending bill, but first he has to work through a list of approximately eight Republican senators who have expressed opposition to portions of it.

(4) President Donald Trump said he has identified a buyer for the US operations of TikTok, the social media app owned by Chinese company ByteDance Ltd., without naming the winning bidder.

(5) European stocks outperformed their US peers by the biggest margin on record in dollar terms during the first half, the most dramatic sign of how the region’s markets are staging a comeback after more than a decade in the doldrums.

(6) Keir Starmer is working to contain the rebellion in his Labour Party ahead of a vote Tuesday on his flagship welfare policy that’s provoked widespread criticism and called his leadership into doubt.

Podcast Conversation: UK’s Record-Breaking Sunshine Isn’t All Good News: Lara Williams

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the June jobs report and commodities outlook.
In the UK – a look ahead to the annual summer economic conference in the Southern French city of Aix.
In Asia – a look at relations between China and Iran.

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On today's podcast:

(1) The US Treasury Department announced a deal with G-7 allies that will exclude American companies from some taxes imposed by other countries in exchange for removing the Section 899 “revenge tax” proposal from President Donald Trump’s tax bill.

(2) The European Union is prepared for all eventualities in its trade negotiations with the US, including for a breakdown in talks, Ursula von der Leyen said, after discussing the latest proposals from the Trump White House with the bloc’s leaders.

(3) The US and China finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick said, adding that the White House has imminent plans to reach agreements with a set of 10 major trading partners.

(4) Keir Starmer agreed to pare back a divisive £5 billion ($6.9 billion) cut to welfare to quiet a rebellion by his own party, a decision that will likely leave both Britain’s fiscal plans and the prime minister’s own leadership in need of repair.

(5) The Labour government’s payroll tax is costing the UK jobs, depressing workers’ earnings and pushing up food prices, Bank of England Governor Andrew Bailey said as he warned that the risks to inflation remain “two-sided.”

Podcast Conversation: Anna Wintour Is Giving Up Her Daily, Duties at Vogue Magazine

Correction: An early version of this podcast incorrectly stated that the next Bank of England rate decision would be in July, rather than August.

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On today's podcast:

(1) NATO leaders agreed to increase defense spending to 5% of GDP and renewed their “ironclad commitment” to mutual security in an historic move to push back against an increasingly belligerent Russia

(2) President Donald Trump said the US would hold a meeting with Iran next week but cast doubt on the need for a diplomatic agreement on the country’s nuclear program, citing the damage that American bombing had done to key sites.

(3) Worldline SA Chief Executive Officer Pierre-Antoine Vacheron blamed an orchestrated media campaign for the firm’s precipitous share decline in an effort to dig the company out of its current crisis.

(4) President Donald Trump said he has three or four people in mind to succeed Federal Reserve Chair Jerome Powell when his term expires next year.

(5) Chancellor of the Exchequer Rachel Reeves should resist the temptation to raise levies on UK companies further because of the risk of strangling economic growth, one of the country’s biggest business lobbies said.

(6) The UK is seeking to increase the recognition of British professional certifications abroad, a move aimed at boosting the nation’s service-sector exports by making it easier for highly skilled employees to work for clients overseas.

Podcast Conversation: Amazon Says Denis Villeneuve Will Direct Next James Bond Film

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On today's podcast:

(1) American airstrikes had only a limited impact on Iran’s nuclear program, according to early US intelligence findings, as the United Nations watchdog urged fresh inspection of the sites.

(2) Donald Trump ensured that NATO’s high-stakes summit would be a nervy affair to the end as he flew in to The Hague fueling doubts about whether the US remains fully committed to defending its allies.

(3) The European Union plans to impose retaliatory tariffs on US imports, including on Boeing aircraft, if President Donald Trump puts a baseline levy on the bloc’s goods as many expect.

(4) Chinese companies are ramping up shipments to Britain to levels not seen in years, a possible sign that the Asian factory powerhouse is finding export markets unimpeded by high tariffs like those President Donald Trump has imposed.

(5) Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will cut interest rates soon. He didn’t take any of them.

(6) Former New York Governor Andrew Cuomo conceded to his upstart rival Zohran Mamdani in the Democratic primary in the race to become mayor of New York City after the 33-year-old Queens lawmaker racked up commanding leads across Brooklyn, Queens and Manhattan.

Podcast Conversation: Elite Dating Services Are Thriving as Love Defies Economic Woes

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On today's podcast:

(1) Iran and Israel appeared to be nearing a pause in their 12-day war after President Donald Trump announced a surprise ceasefire in a conflict that saw key Iranian military leaders and scientists killed, US bombing of Iranian nuclear sites and a salvo of missiles launched at Qatar.

(2) An attack on a US air base near Doha on Monday that Iran billed as a retaliation to American airstrikes ordered by President Donald Trump ended with missiles were intercepted in the air, and no one was killed or hurt. The Qataris knew the missile barrage was coming. So did the Americans. The Iranians had told them.

(3) Oil extended a slump as US President Donald Trump announced a tentative ceasefire between Iran and Israel.

(4) UK Prime Minister Keir Starmer will vow to spend 5% of British economic output on security by 2035, embracing an ambitious NATO target sought by President Donald Trump without providing a path on how to get there.

(5) The European Union and Canada have signed a security partnership that moves them closer to cooperation on military purchases, as Prime Minister Mark Carney aims to reduce his country’s dependence on the US for defense.

(6) UK Prime Minister Keir Starmer welcomed a three-year program by Amazon.com Inc. to invest £40 billion ($54 billion) in the British economy over the next three years, including opening four new warehouses.

Podcast Conversation: Ireland Sees Thousands of Jobs at Risk From US Pharma Tariffs and Stephen meeting Ireland's Finance Minister

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On today's podcast:

(1) The unprecedented US airstrikes on Iran have set traders and governments worldwide on edge, as the Islamic Republic warns of retaliation and Israel shows no sign of letting up in its assault.

(2) Iran warned there would be consequences for US strikes on its key nuclear sites and said it “reserves all options,” while showing restraint in its initial response.

(3) The US State Department issued a “Worldwide Caution” alert for American citizens, flagging the potential of travel disruptions and demonstrations following the US strikes on Iranian nuclear facilities.

(4) Oil jumped after the US struck Iran’s nuclear sites, stoking concerns that energy supplies from the Middle East could be disrupted.

(5) Two supertankers, each capable of hauling about 2 million barrels of crude, U-turned in the Strait of Hormuz after US airstrikes on Iran raised the risk of a response that would ensnare commercial shipping in the region.

(6) The UK said its military wasn’t involved in American air strikes on Iran, although a cabinet minister expressed support for their results

Bloomberg Opinion:
+ To a President With a Midnight Hammer, Everything Is a Nail
+ The US Has Two Paths in Iran. Tehran’s Clerics Will Decide Both.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S GDP and personal spending data and Nike earnings.
In the UK – a look ahead to TheCityUK's annual conference.
In Asia – a look ahead to Bloomberg’s China economic survey.

Guests:

-Michael McKee, Bloomberg International Economics and Policy Correspondent, to preview next week's U.S GDP/personal spending data.

Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, to preview Nike earnings.

-Leo Kehnscherper, Bloomberg European Asset Management Reporter, looks ahead to TheCityUK's annual conference.

-Julian Harris, UK Economics Editor, looks ahead to TheCityUK's annual conference.

Eric Zhu, China Economist for Bloomberg Economics, discusses Bloomberg’s China Economic Survey.

-Karishma Vaswani, Bloomberg Opinion Columnist in Singapore, discusses her column: “US Rethink on Australia Subs Is China’s Win.”

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On today's podcast:

(1) President Donald Trump will decide within two weeks whether to strike Iran, his spokeswoman said, as Israel hit more Iranian nuclear sites and warned its attacks may bring down the leadership in Tehran.

(2) Iran is racing to get its oil out into the world, a sign of the unusual logistical steps that Tehran is undertaking as the US mulls joining Israel in bombing the Persian Gulf state.

(3) The conflict between Israel and Iran is spilling over into the digital world, inflaming a decades-long campaign of hacks and espionage between two nations renowned for their cyber prowess.

(4) Organized gangs are behind most UK vehicle theft, using electronic tools to disrupt remote locking devices, and police are struggling to keep up, with an estimated nine stolen cars slipping through their fingers for every one intercepted.

(5) The Bank of England held interest rates at 4.25% in a more divided vote than expected as policymakers weighed up the UK’s softening jobs market and weak growth against a backdrop of mounting geopolitical tensions.

(6) The European Union is continuing intensive trade talks with the US ahead of a July 9 tariff deadline set by President Donald Trump and is “making progress,” according to EU Economy Commissioner Valdis Dombrovskis

Podcast Conversation: AI Barbie? Mattel Is Gambling With Toys That Are Too Good

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On today's podcast:

(1) Senior US officials are preparing for the possibility of a strike on Iran in the coming days, according to people familiar with the matter, a sign that Washington is assembling the infrastructure to directly enter a conflict with Tehran.

(2) Federal Reserve officials continued to pencil in two interest-rate cuts in 2025, though new projections showed a growing divide among policymakers over the trajectory for borrowing costs as tariffs make their way through the US economy.

(3) The Bank of England is expected to keep interest rates at 4.25% on Thursday and signal it is sticking with its one-cut-every-other-meeting approach as officials try to strike a balance between elevated inflation, higher oil prices and a slowing economy.

(4) London is seeking to attract more Chinese firms to list on its stock exchange as the city struggles with a shrinking equity market and a deal drought across Europe.

(5) The number of London homes for sale at £5 million ($6.8 million) or more rose to the highest on record last month, as the nation contends with the departure of wealthy foreigners looking to escape tax hikes.

Podcast Conversation: Gen Z Drives Britain’s Consumer Confidence to Highest This Year

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On today's podcast:

(1) President Donald Trump met with his national security team in Washington for more than an hour on Tuesday to discuss the escalating Middle East conflict, according to people familiar with the matter, fueling fresh speculation that the US is on the verge of joining Israel’s attack on Iran.

(2) US President Donald Trump has a wide range of military assets in the Middle East and across the globe to bring to bear in a potential fight against Iran as he weighs one of the most momentous foreign policy decisions of his administration.

(3) The top US bank regulators plan to reduce a key capital buffer by up to 1.5 percentage points for the biggest lenders after concerns that it constrained their trading in the $29 trillion Treasuries market.

(4) The UK is looking to restrict the number of visas it gives to countries which refuse to sign returns agreements with Britain, Prime Minister Keir Starmer said, as his government pursues more assertive measures to reduce levels of net migration.

(5) OpenAI Chief Executive Officer Sam Altman said Meta Platforms Inc. has offered his employees signing bonuses as high as $100 million, with even larger annual compensation packages, as it seeks to build a top artificial intelligence team.

Podcast Conversation: At Art Basel, Dealers Reap Rewards By Avoiding Politics and War

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On today's podcast:

(1) President Donald Trump is set to depart the Group of Seven leaders’ summit in Canada a day early, after warning residents of Tehran to evacuate the city as Israel continued to bombard Iran in a bid to disable its nuclear program.

(2) President Donald Trump’s hasty exit from the Group of Seven conference in Canada deepened questions about his promise to bring peace to an increasingly violent world and added fresh evidence of his skepticism toward the institutions that have long underpinned US diplomacy.

(3) Oil jumped after US President Donald Trump called for the evacuation of Tehran, before paring gains, as the market remained on edge about an escalation in the conflict with Israel that could disrupt crude supply.

(4) Prime Minister Keir Starmer reached an agreement with US President Donald Trump to implement trading terms disclosed last month to slash US tariffs on key British exports and raise UK quotas on certain American agricultural products.

(5) US President Donald Trump and Japanese Prime Minister Shigeru Ishiba failed to reach an agreement on a trade package on the sidelines of the Group of Seven summit, an outcome that leaves the Asian nation inching closer to a possible recession as the pain of US tariffs hits its economy.

(6) The Bank of Japan left its benchmark rate unchanged and unveiled a plan to slow its withdrawal from the bond market from next year in a sign of caution following heightened market volatility.

(7) A damning report into group-based child sexual exploitation in England and Wales has found that the ethnicity of people involved in grooming gangs has been "shied away" from -- and not recorded in two-thirds of cases.

Podcast Conversation: Ken Griffin on Trump, Harvard and Why Novice Investors Can’t Win

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On today's podcast:

(1) Open hostilities between Israel and Iran entered a fourth day on Monday with no sign of easing, stoking fears of a wider war in the oil-rich region.

(2) Oil-watchers are bracing for a further price rally after Israeli strikes on Iranian energy assets heightened the risk to Middle East supplies.

(3) President Donald Trump said he believed it’s possible Israel and Iran could reach an agreement to end their conflict, though the two sides may need to continue fighting before they’re ready to broker a peace deal.

(4) The UK government is trying to walk a tightrope on relations with Israel, expressing support for its military action against Iran while also criticizing the war in Gaza.

(5) The UK will seek to restart trade negotiations with Canada, Prime Minister Keir Starmer said, as he strives to strengthen commercial ties around the world to better insulate Britain’s economy from the fallout of US President Donald Trump’s tariff war.

(6) The UK appointed the first woman to lead its secret intelligence service MI6 as Prime Minster Keir Starmer warned of the increasing threats Britain faces from its adversaries.

Podcast Conversation: Iran’s Leaders Face a Reckoning as Israeli Strikes Intensify

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to next week’s Fed decision.
In the UK – a look ahead to next week’s Bank of England decision.
In Asia – a look ahead to next week's Bank of Japan decision.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel launched waves of airstrikes against Iran’s nuclear program and ballistic-missile sites on Friday morning, a major escalation in the standoff between the two adversaries that risks sparking a wider war in the Middle East.

(2) Explosions were heard across Tehran and in the city of Natanz, home to one of its nuclear sites, according to videos and local media.

(3) US President Donald Trump says Iran cannot have a nuclear bomb, Fox News journalist Bret Baier reports, citing an interview with him after Israel launches strikes against Iran. The strikes came just hours after Trump had suggested to reporters the US still believed in the prospects for a diplomatic solution.

(4) Oil surged as much as 13% after Israel carried out waves of military strikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production.

(5) Stocks fell along with equity-index futures and investors rushed to the safety of haven assets after Israel attacked Iran’s nuclear program sites in a major escalation of tensions in the Middle East. Crude oil jumped 9%, the biggest move in more than three years.

(6) Investigators have started combing the wreckage of Air India flight AI171 as they seek to determine what caused the Boeing Co. Dreamliner to crash shortly after takeoff Thursday afternoon, killing all but one of the 242 people aboard in the deadliest aviation accident in more than a decade.

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On today's podcast:

(1) As the pace of wealthy individuals leaving London quickens, the numbers are starting to stack up: Labour’s flagship “tax the rich” policy risks becoming a net drain on the UK economy.

(2) Rachel Reeves will pump billions of pounds into areas outside London as the Labour government tries to head off an electoral threat posed by Nigel Farage’s Reform UK.

(3) President Donald Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies.

(4) The US ordered some staff to depart its embassy in Baghdad and authorized families of military service members to leave the region, officials said, after Iran threatened to strike American bases if it’s attacked over its nuclear program.

(5) The Pentagon has launched a review of the Biden-era Aukus pact to develop nuclear-powered submarines with Australia and the UK, as the Trump administration looks to shift the burden for collective defense to allies and make sure the US has enough warships of its own.

(6) Northern Ireland has seen a third night of clashes between rioters and police, in violence that's been described by officials as racially motivated.

Podcast Conversation: Five French Countryside Escapes That Pair Perfectly with Paris

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On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves will defend her fiscal choices and trumpet billions of pounds of infrastructure investment in the UK spending review on Wednesday, as Keir Starmer’s government seeks to regain momentum after a faltering first year in power.

(2) The US and China agreed to a preliminary plan to ease trade tensions, which could revive the flow of sensitive goods between the world’s two largest economies.

(3) Donald Trump can continue to enforce his global tariffs for now, a federal appeals court held in a win for the president on one of his signature economic policies.

(4) European Central Bank Governing Council member Yannis Stournaras said the US’s unpredictable behavior on tariffs is undermining the dollar’s status as the global reserve currency and is an opportunity for the euro, according to an interview in Handelsblatt.

(5) Secretary of State Marco Rubio rebuked five allies over sanctions they imposed on two members of Israel’s cabinet as fissures between the US and its partners widen over the war in Gaza and the treatment of Palestinians.

(6) Curfew area will be about one square mile in downtown, and runs from 8pm to 6am, Los Angeles mayor Karen Bass says at a press conference.

Podcast Conversation: Sony’s Bet on Sports Pays Off With AI Line Judges at Wimbledon

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On today's podcast:

(1) UK employment plunged by the most in five years and wage growth slowed more than forecast, as the labor market deteriorated after Chancellor of the Exchequer Rachel Reeves ramped up the cost of hiring.

(2) The Trump administration escalated its response to anti-deportation protests in Los Angeles with the mobilization of 700 Marines, deploying active-duty military on the ground and deepening tensions with California officials.

(3) Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.

(4) As fewer large companies opt to go public in Europe, the region’s stock exchanges are fighting harder to win the biggest listings.

(5) Keir Starmer’s government said more than three-quarters of pensioners in England and Wales will receive cold weather fuel payments this winter, reversing the bulk of a cut to the benefit that many of his lawmakers blamed for the ruling Labour Party’s waning popularity.

Podcast Conversation: Podcast Conversation: Best Restaurant in the UK Is in One of London’s Fanciest Hotels

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Trump administration escalated its response to anti-deportation protests in Los Angeles with the mobilization of 700 Marines, deploying active-duty military on the ground and deepening tensions with California officials.

(2) Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.

(3) As fewer large companies opt to go public in Europe, the region’s stock exchanges are fighting harder to win the biggest listings.

(4) Keir Starmer’s government said more than three-quarters of pensioners in England and Wales will receive cold weather fuel payments this winter, reversing the bulk of a cut to the benefit that many of his lawmakers blamed for the ruling Labour Party’s waning popularity.

(5) Apple introduced a number of AI-powered features during the company’s Worldwide Developers Conference on Monday, even as long-awaited enhancements to its Siri voice assistant remain far off.

(6) Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of Chief Executive Officer C.S. Venkatakrishnan’s plan to boost the profitability of the division.

Podcast Conversation: Best Restaurant in the UK Is in One of London’s Fanciest Hotels

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On today's podcast:

(1) Tensions flared in Los Angeles on the third day of anti-deportation protests, as demonstrators clashed with law enforcement while President Donald Trump and California Governor Gavin Newsom exchanged blame over the unrest and responsibility for restoring order.

(2) The US and China are set to resume trade negotiations in London on Monday in a bid to further defuse tensions over rare-earth minerals and advanced technology following a phone call between leaders Donald Trump and Xi Jinping last week.

(3) Keir Starmer will make an appearance alongside Nvidia Corp co-founder Jensen Huang on Monday, as the British prime minister puts technology and artificial intelligence at the heart of his government’s plan to boost economic growth.

(4) The UK’s finance industry kept its lead over the rest of Europe in attracting foreign investment last year, although activity across the region slowed, according to professional services firm EY.

(5) European Central Bank Executive Board member Isabel Schnabel sees a favorable moment now to strengthen the euro’s global role as investors turn to Europe.

Podcast Conversation: Monograms Wield Power in an Age of Resale and Superfakes: Essay

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S CPI and PPI data and Tesla’s Robotaxi launch.
In the UK – a look ahead to London’s Tech Summit.
In Asia – a look ahead to readings on Chinese exports, as well industrial production and retail sales.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Differences between US President Donald Trump and Elon Musk exploded Thursday into an all-out public feud.

(2) Tesla’s shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people.

(3) US President Donald Trump and Chinese President Xi Jinping on Thursday agreed to further trade talks aimed at resolving disputes over tariffs and supplies of rare earth minerals at the heart of tensions between the world’s two largest economies.

(4) German Chancellor Friedrich Merz successfully navigated a 40-minute meeting with Donald Trump in the Oval Office without falling victim to the public humiliation the American president has doled out to other leaders — even though both Germany and Europe are two of Trump’s perpetual irritants.

(5) Christine Lagarde just unveiled an outlook that may be as good it gets for the euro zone.

(6) Zia Yusuf resigned as chairman of Reform UK after 11 months in the job, delivering a blow to its leader, Nigel Farage, who has promised to build and professionalize the insurgent party in a quest for power at the next general election.

Podcast Conversation: A Mega Fun Run Becomes a Finance Bro Blood Sport

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On today's podcast:

(1) President Donald Trump signed a proclamation that bans individuals from 12 countries from entering the US, reinstating one of the most controversial measures from his first term after an attack in Colorado that targeted an event supporting Israeli hostages.

(2) Elon Musk is on a mission to block President Donald Trump’s tax bill after he tried — and failed — to convince Republican lawmakers to preserve valuable tax credits for electric vehicles in the legislation, according to a person familiar with the matter.

(3) Donald Trump on Wednesday broadcast Vladimir Putin’s warning that he’ll retaliate against Ukraine for its recent stunning drone strikes deep inside Russian territory, the clearest signal yet that the US president’s peace efforts have stalled.

(4) Some of the world’s biggest banks are pushing UK regulators to accelerate plans to ease rules around deferred bonuses so the new regime can be applied to payouts for 2025, according to people familiar with the matter.

(5) The Trump administration’s attack on US diversity, equity and inclusion policies is reverberating across the Atlantic, with corporations abandoning sponsorships of Britain’s Pride festivals, threatening key funding for events this summer.

Podcast Conversation: Deliveroo Launches Drone Food Delivery Service in Dublin

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On today's podcast:

(1) President Donald Trump has raised steel and aluminum tariffs to 50% from 25%, following through on a pledge to boost US import taxes to help domestic manufacturers.

(2) Chinese Foreign Minister Wang Yi used his first meeting with new US Ambassador David Perdue to complain about recent actions by Washington, underscoring a downturn in relations between the world’s two biggest economies.

(3) Donald Trump ally Elon Musk lambasted the president’s signature tax bill as a budget-busting “abomination” as Republican fiscal hawks stepped up criticism of the massive fiscal package.

(4) Volkswagen AG said about 20,000 employees will voluntarily leave the company by the end of the decade as the carmaker restructures its German operations to cope with uneven demand for its vehicles.

(5) Britain’s ammunition production begins life in the ancestral town of George Washington. Hundreds of technicians and robots work around the clock to manufacture the empty shells that are then filled with explosives and fired from a range of artillery systems.

Podcast Conversation: Taylor Swift’s Catalog Win Is a Masterclass in Business

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As fighting in Ukraine drags on and Donald Trump demands that Europe take greater responsibility for its own security, the UK is confronting the hard reality of rebuilding its military strength. The challenge lies in overcoming years of underinvestment, failed contracts, and recruitment struggles. While European allies are pledging billions of euros to boost domestic defense manufacturing, the UK is scrambling to catch up in an industry it once dominated. In this special podcast, Daybreak Europe host Caroline Hepker speaks with CEOs and industry experts, along with our Political Correspondent Ellen Milligan and Bloomberg’s Chief UK Economist Dan Hanson, to assess whether Britain has what it takes to realize its ambition of once again becoming a major military power.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump’s combative trade policies have tipped the world economy into a downturn, with the US among the hardest hit, the OECD said. The Paris-based organization slashed its global forecasts for the second time this year, citing the impact of the American president’s tariff onslaught.

(2) US President Donald Trump is eager to land more trade deals, but talks with China and Europe continue to languish amid communications breakdowns and fresh tariff threats.

(3) Far-right lawmaker Geert Wilders pulled his Freedom Party out of the Netherlands’ ruling coalition, causing the government to collapse and triggering a snap election.

(4) Thames Water’s preferred bidder KKR has pulled out of a rescue deal in a major setback for the utility. The US alternative asset manager “will not be in a position to proceed, and its preferred partner status has now lapsed,” Thames said in a statement Tuesday.

(5) Private credit firms enjoy a “significant” capital advantage over traditional banks that’s unlikely to disappear, according to Bill Winters, chief executive officer of Standard Chartered

Podcast Conversation: Musk’s Chatbot Can Be ‘Non-Woke’ or Truthful, Not Both: Dave Lee

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Donald Trump is eager to land more trade deals, but talks with China and Europe continue to languish amid communications breakdowns and fresh tariff threats.

(2) Treasuries began June on the back foot with 30-year bond yields testing the 5% level as concerns over President Donald Trump’s tariff policies resurfaced at the start of a data-heavy week for assessing the health of the world’s largest economy.

(3) French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni will look to patch up difficult relations during a bilateral meeting in Rome on Tuesday, as Europe grapples with the seismic geopolitical shifts caused by the Trump administration.

(4) Russia and Ukraine wrapped up a second round of talks in Istanbul that failed to bring the two sides closer to ending the war, but laid the groundwork for a new exchange of prisoners.

(5) The UK envisages taking an enhanced role in NATO’s nuclear deterrence amid doubts surrounding the US commitment to the alliance, as Prime Minister Keir Starmer pledges to make Britain “war-ready” to counter Russian aggression in Europe.

(6) Immigration minister Seema Malhotra said it is still too soon to know whether the government’s plans to make it harder for migrants to claim settlement in the UK will apply retroactively to those already in the country, potentially extending the wait for millions who arrived in the country since the pandemic.

Podcast Conversation: Musk’s Chatbot Can Be ‘Non-Woke’ or Truthful, Not Both: Dave Lee

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Ukraine staged a dramatic series of strikes across Russia, deploying drones hidden in trucks deep inside the country to hit strategic airfields as far away as eastern Siberia.

(2) The UK will create an “always on” munitions production capacity to allow it to scale-up its defense industry when needed, as it increasingly shifts to a war footing with Russia’s assault on Ukraine showing little sign of ending.

(3) A nationalist candidate backed by Donald Trump won Poland’s presidential election, defeating the centrist mayor of Warsaw in a blow to the country’s pro-European Union government.

(4) Six people were injured in an attack on an event in Boulder, Colorado, held in support of Israeli hostages, police and FBI officials said, sparking renewed concern about threats of antisemitic violence in the US. The FBI says the suspect was heard to yell 'Free Palestine' while using a makeshift flamethrower.

(5) China accused the US of violating their recent trade deal and vowed to take measures to defend its interests, dimming the prospect of an immediate leadership call that Donald Trump wants to have to further bilateral talks.

(6) The dollar will tumble to levels last seen during the Covid-19 pandemic by the middle of next year, hit by interest rate cuts and slowing growth, according to predictions by Morgan Stanley.

Podcast Conversation: Jesse Armstrong: ‘I’m Interested in the Power, Not the Money’

Podcast Image Source: Ukrainian Security Service

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the U.S jobs report.
In the UK – a look ahead to the ECB’s monetary policy decision.
In Asia – a look ahead to economic data in Vietnam.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, giving at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order.

(2) US Treasury Secretary Scott Bessent said trade talks with China are “a bit stalled,” and that a call between President Donald Trump and his counterpart Xi Jinping may be needed for the world’s two largest economies to reach a deal.

(3) President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said.

(4) Buried deep in the more than 1,000-page tax-and-spending bill that President Donald Trump is muscling through Congress is an obscure tax measure - section 899 - that's setting off alarms on Wall Street and beyond.

(5) The US economic outlook remains stronger than Europe despite sweeping policy uncertainty causing ripples across the economy, according to Citigroup Inc. Chief Executive Officer Jane Fraser.

(6) Bank of England Governor Andrew Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit.

Podcast Conversation: Why Wall Street Interns Are Safe From AI: Marc Rubinstein

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On today's podcast:

(1) The vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court, dealing a major blow to a pillar of his economic agenda.

(2) US assets got a boost Thursday after a vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court. Upbeat earnings from Nvidia Corp. also lifted investor sentiment.

(3) Billionaire Elon Musk said Wednesday that his time as formal adviser to President Donald Trump is coming to a close, raising questions about the future of the Department of Government Efficiency effort he spearheaded.

(4) Nvidia hief Executive Officer Jensen Huang soothed investor fears about a China slowdown by delivering a solid sales forecast, saying that the AI computing market is still poised for “exponential growth.”

(5) Federal Reserve officials broadly agreed heightened economic uncertainty justified their patient approach to interest-rate adjustments, minutes from their latest policy meeting showed Wednesday.

(6) The UK said it plans to require the country’s pension funds to invest in private markets and the domestic economy, a move widely opposed by the City of London’s investment managers.

Podcast Conversation: Trump Bristles at ‘TACO Trade’ That Bets on Him Backing Down

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On today's podcast:

(1) For decades, Asia’s export powerhouses had a simple financial strategy: Sell goods to the US, then invest the proceeds in American assets.

(2) Investors are on tenterhooks Wednesday for an auction of 40-year Japanese government bonds as volatility in the nation’s yields continues to rumble through global debt markets.

(3) President Donald Trump warned in a social media post Tuesday that Russian leader Vladimir Putin was “playing with fire”, as the US weighs whether to target Moscow with additional sanctions over its long-range missile and drone barrage against Ukraine.

(4) US Homeland Security Secretary Kristi Noem urged Poles to vote for the nationalist opposition candidate in Sunday’s presidential election, wading into a tightly-contested campaign that threatens to derail efforts to rebuild the country’s democratic institutions.

(5) SpaceX’s colossal Starship rocket suffered a leak, tumbled out of control in space and disintegrated as it hurtled back to Earth during a test flight on Tuesday, in a third setback in a row for the Elon Musk-led company.

(6) The UK government said it would cut back planning hurdles faced by smaller housebuilders, as Prime Minister Keir Starmer seeks to deliver on his target of building 1.5 million new homes.

Podcast Conversation: Car Lovers' Best Advice for How to Plan the Perfect Summer Drive

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On today's podcast:

(1) A 53-year-old man has been arrested after a car ploughed into a crowd of people during Liverpool's Premier League victory parade. Merseyside Police said the suspect was white, British and from the Liverpool area.

(2) The European Union said it agreed to accelerate negotiations with the US to avoid a transatlantic trade war, signaling a more amicable approach just days after President Donald Trump criticized the bloc for taking advantage of the US and slow-walking talks.

(3) President Donald Trump’s erratic policies offer a “prime opportunity” to strengthen the euro’s international role and allow the currency bloc to enjoy more of the privileges so far reserved for the US, European Central Bank President Christine Lagarde said.

(4) NATO Secretary General Mark Rutte confirmed the alliance will seek to adopt a new defense spending target of 5% of GDP at a June summit, meeting a demand by US President Donald Trump that had originally seemed unrealistic.

(5) Freed from the clutches of government ownership, NatWest Group Plc is getting ready to chart its own course for the first time in almost two decades.

(6) The UK government plans to train 120,000 British builders, engineers and care workers as it tries to curb migration without worsening skill shortages.

(7) King Charles III arrived in Canada to open a new parliamentary session at the invitation of Prime Minister Mark Carney, a move designed in part to send a message to US President Donald Trump about the northern country’s sovereignty.

Podcast Conversation: Tom Cruise Really Did Get a US Aircraft Carrier for This Mission

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to GDP and personal spending data, and Nvidia earnings.
In the UK – a look ahead to Poland's Presidential run off election.
In Asia – a look ahead to the upcoming Bank of Korea decision.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Trump Administration blocked Harvard University from enrolling international students, delivering a major blow to the school and escalating its fight with elite colleges to unprecedented levels.

(2) Former US Treasury Secretary Lawrence Summers blasted the Trump administration’s decision to block Harvard University from enrolling international students, calling on the institution to fight back.

(3) The US Supreme Court shielded the Federal Reserve from Donald Trump’s push to fire top officials at independent federal agencies, in a decision likely to quell concerns that the president might move to fire Jerome Powell.

(4) President Donald Trump cut a deal with blue-state Republicans on taxes and put down an 11th-hour rebellion by conservatives over spending to get his “one big, beautiful bill” passed by the House.

(5) European Central Bank President Christine Lagarde warned that international trade will be changed forever by the tensions over tariffs, even as the world’s leading economies edge toward some compromises.

(6) Apple is aiming to release smart glasses at the end of next year as part of a push into AI-enhanced gadgets, but it has shelved plans for a smartwatch that can analyze its surroundings with a built-in camera.

Podcast Conversation: Meet the Chefs Creating Incredible, Innovative Caribbean Food in London

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Cyril Ramaphosa came to the White House looking to persuade President Donald Trump to stop floating the conspiracy theory that there’s a genocide against White people in South Africa. Instead, the man who’d helped negotiate the end of apartheid walked into a trap.

(2) Two members of the Israeli embassy’s staff were fatally shot outside the Capital Jewish Museum in Washington on Wednesday night, Homeland Security Secretary Kristi Noem said.

(3) The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in Ukraine.

(4) In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan.

(5) Britain’s Labour government will make its sharpest U-turn since returning to power by limiting cuts to pensioners’ subsidies, as it puts the electoral threat posed by Nigel Farage ahead of lingering concern about the public finances.

Podcast Conversation: As F1 Has Grown in the US, So Has the Market for Memorabilia

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On today's podcast:

(1) Oil jumped following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities.

(2) European and UK officials ratcheted up pressure on Israel over its latest offensive in Gaza, expanding the international outcry over the humanitarian crisis caused by the conflict.

(3) Canadian Finance Minister Francois-Philippe Champagne said Group of Seven countries have started discussing tariffs on oversupplied, low-value Chinese products.

(4) Elon Musk said he’s committed to still leading Tesla five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company.

(5) UK Chancellor of the Exchequer Rachel Reeves will hold talks with US Treasury Secretary Scott Bessent this week, as the two countries continue to finalize the details of an agreement to cut tariffs imposed by President Donald Trump’s administration.

Podcast Conversation: Start Your Day Like a Boss: What CEOs Listen To on Their Commutes

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) After two hours talking with Putin, Trump said on social media that Ukraine and Russia would “immediately start negotiations” toward a ceasefire — but possibly without the US. There was no sanctions threat, no demand for a time-line, and no pressure on the Russian leader.

(2) Prime Minister Keir Starmer heralded a “landmark deal” between the UK and the European Union on Monday that he billed as a reset moment for relations under his government. Still, with many details unresolved, Brexit never quite seems to be over.

(3) Israel will take over the entire Gaza Strip, Prime Minister Benjamin Netanyahu said on Monday, as the military announced it would carry out an “unprecedented attack” on Hamas.

(4) The Bank of England is considering ways to loosen post-crisis rules that forced banks to separate their retail and investment banking arms after a number of UK lenders called for the regime’s removal.

(5) Washington lawmakers are risking a “fiscal disaster” if a recession hits as they plow on with their package of sweeping tax cuts, according to Guggenheim Securities Co-Chair Jim Millstein.

(6) JPMorgan Chase Chief Executive Officer Jamie Dimon warned against complacency in the face of a slew of risks, citing everything from inflation and credit spreads to geopolitics.

Podcast Conversation: Nine Travel Products That Will Make Summer Vacation a Breeze

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On today's podcast:

(1) UK and European Union negotiators worked into Sunday evening in a bid to reset post-Brexit relations under Keir Starmer’s new Labour government ahead of a summit in London.

(2) Investors faced yet another bumpy start to the trading week with US assets coming under fresh pressure, although it’s mounting concern over American debt rather than tariffs generating the volatility this time.

(3) Vladimir Putin believes he has a strong hand ahead of a phone call Monday with Donald Trump and European leaders are trying to prevent the US president from rushing through a deal.

(4) A rising number of Americans are exploring a move overseas to escape the tumult of Donald Trump’s administration. But those looking to Europe are seeing their options narrow by the day.

(5) Former US President Joe Biden has been diagnosed with an aggressive form of prostate cancer, his office announced.

(6) Scottie Scheffler has pulled away to win the PGA Championship for a third major title.

Podcast Conversation: London's Alfresco Dining Revival Has One Obstacle: Londoners and When Your Favorite Restaurant Becomes a Statistic

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We wanted to bring you an episode from another podcast we think you'd like. Here's a special episode from our UK Politics team.

The UK is hugely dependent on overseas workers in the social-care sector, supporting the elderly, vulnerable and disabled. After a year-long investigation, Bloomberg has uncovered how potential migrants are being conned out of millions of pounds. Our trade and migration correspondent Lucy White explains how the system is being abused and what it means for a Labour government trying to cut immigration. Hosted by Stephen Carroll and Yuan Potts.

Listen to the Bloomberg UK Politics podcast on Apple, Spotify or anywhere you listen.

Read the full investigation.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to a look ahead to home sales data and earnings from Target.
In the UK – a look ahead to the Qatar Economic Forum.
In Asia – a look ahead to earnings from Baidu.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Keir Starmer's plan to reset Britain's relationship with the EU has been met with challenges, particularly on immigration and defense, during negotiations with European leaders.

(2) Hopes faded for a Ukraine ceasefire after Vladimir Putin sent a low-level delegation to talks in Turkey, while attention shifted to bids on Capitol Hill for fresh sanctions to bring the Russian leader to the negotiating table.

(3) At least five sizable companies are considering initial public offerings on European stock exchanges in the coming weeks, taking advantage of easing market volatility.

(4) Britain may be able to squeeze more out of its richest 1% despite them already paying a quarter of all personal tax revenues, according to the UK spending watchdog.

(5) Exclusive: UK Visa Scams Squeeze Millions From Would-Be Care Workers. Recent changes to immigration policy won’t do anything for people who’ve been exploited while seeking jobs in the UK. But they may worsen the care-worker shortage.

Podcast Conversation: Why Are the British Becoming So French?

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) Russian President Vladimir Putin named a group of low-level officials to represent his government at talks with Ukraine in Turkey, and gave no indication that he planned to join the negotiations.

(2) Foreign ministers in NATO are gathering to discuss the future of European security. The diplomats meet in Turkey this morning to establish the agenda for the alliance's annual summit in June, where the US has made a higher defense spending target a priority.

(3) Burberry’s new boss is calling time on the British fashion label’s decade-long attempt to join the upper ranks of global luxury.

(4) The White House said President Donald Trump had secured deals totaling more than $243.5 billion with Qatar, laying the groundwork for a bigger $1.2 trillion economic pledge with the tiny Gulf country.

(5) The UK is drawing up plans for a special visa for foreigners who invest significant sums in Britain, as Prime Minister Keir Starmer’s government seeks to blunt the economic blow from recent tax hikes and wider curbs on work permits.

(6) Stephen Jen, a long-time market veteran who runs Eurizon SLJ Capital, has become so discouraged by the fiscal largesse he’s seen from the new administration that he’s started to wonder if the US needs a bond-market blowup akin to the one that did in UK Prime Minister Liz Truss’s government to force it to change course.

Podcast Conversation: Uber Eats Is the Newest Place to Book Prime Restaurant Tables

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region.

(2) President Donald Trump and Saudi Crown Prince Mohammed bin Salman touted a pledge for $1 trillion in commercial deals in Riyadh on Tuesday, a staggering figure that doesn’t quite stand up to scrutiny.

(3) President Donald Trump said a luxury jet being offered by the government of Qatar would be used as a temporary Air Force One, indicating an intention to accept a gift that has sparked ethical and security concerns in Washington.

(4) It's only been 6 weeks since the UK's non-dom tax regime ended. It gave wealthy individuals favourable tax treatment for overseas earnings. Now Italy is proving an early winner in the race to attract wealthy investors from the UK.

(5) NATO allies have started cobbling together an agreement to significantly boost defense spending in a way that may assuage US President Donald Trump’s demand to spend 5% of economic output on the military.

(6) The UK and EU are in the toughest stage of talks to agree a common security pact, Defence Secretary John Healey said, as the government seeks to secure access to European spending programs for British firms.

Podcast conversation:The Designer Who Taught American Women How to Dress

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK pension fund managers have agreed to invest at least 5% of their assets at home, marking a win for the Labour government that’s seeking to boost the economy by drawing billions of pounds into local startups and infrastructure projects.

(2) Most Asian stock markets rose, following a rally in US equities, on optimism the US-China trade truce marks the end to an all-out tariff war.

(3) Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader.

(4) UK counter-terrorism police are investigating a fire that took place in the early hours of Monday morning at a residential London home owned by Prime Minister Keir Starmer.

(5) Apple is planning to use artificial intelligence technology to address a frequent source of customer frustration: the iPhone’s battery life.

Podcast conversation:
Samsung Debuts $1,099 S25 Edge, Kicking Off Wave of Thin Phones

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The US and China will temporarily lower tariffs on each other’s products, according to a joint statement, in a move to cool trade tensions and give the world’s two largest economies three more months to resolve their differences.

(2) Investors rushed back into stocks and risk assets, powering a 3% surge in S&P 500 futures, after China and the US agreed to cut tariffs and de-escalate a trade war that had sown turmoil in global markets. Treasuries and gold tumbled.

(3) Treasury Secretary Scott Bessent also told press the positive mood music set by the UK and Swiss teams was in stark contrast to the EU.

(4) Shares of pharmaceutical companies fell across the world after US President Donald Trump said he planned to order a cut in US prescription drug costs to bring them in line with other countries, prompting concern that profits will take a hit.

(5) UniCredit has posted first-quarter profit that topped analyst expectations, as net income in the first three months of the year rose to €2.77 billion

(6) Donald Trump’s effort to secure peace in Ukraine is reaching a decisive moment with Ukraine’s Volodymyr Zelenskiy challenging Vladimir Putin to engage in talks this week.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US and China both reported “substantial progress” after two days of talks in Switzerland aimed at de-escalating a trade war, marking what Chinese Vice Premier He Lifeng called “an important first step” toward resolving differences.

(2) The UK will increase English-speaking requirements for migrants, and make it harder for them to stay in the country as part of efforts to rein in levels of net immigration that have touched records in recent years.

(3) Donald Trump’s effort to secure peace in Ukraine is reaching a decisive moment with Ukraine’s Volodymyr Zelenskiy challenging Vladimir Putin to engage in talks this week.

(4) After four days that saw the worst fighting between India and Pakistan in half a century, as well as some nuclear saber-rattling, Donald Trump on Saturday declared that both countries had reached a “FULL AND IMMEDIATE CEASEFIRE.”

(5) As President Trump reconfigures global trade, the euro is riding its biggest rally in two decades and traders including Amundi and Templeton say that's just the beginning.

(6) President Donald Trump’s administration is likely to accept a luxury Boeing 747-8 jumbo jet from Qatar’s royal family, in what may be the most valuable gift ever received from a foreign government, ABC News reported Sunday.

Podcast conversation: The Airline Hack One Entrepreneur Uses Not to Miss a Connection

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S eco data and earnings from the retail giant, Walmart.
In the UK – a look ahead to Portugal’s general election.
In Asia – a look ahead to Japan industrial production, PPI, and GDP data.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Trump administration is considering a significant tariff reduction in talks with China to ease economic pain and de-escalate tensions. The US aims to reduce tariffs below 60% as a first step, which China may be prepared to match, with progress possible as soon as next week.

(2) The new trade deal between the US and UK includes a carve-out for autos, which could reduce the tariff levy from 27.5% to 10%, making a 0.1% difference to UK GDP. The deal's impact is limited because almost half of UK value-add that ends up in the US is exported via other countries, and global uncertainty remains a major drag on the UK economy.

(3) US President Donald Trump’s trade policy is upending long-held alliances, threatening global growth and causing mayhem for business. For UK homeowners, though, it is working out quite well. In the last few weeks, several major high street lenders have cut mortgage deals below 4% for the first time in months.

(4) Mayor of London Sadiq Khan will “actively explore” building on the city’s green belt in what would amount to the biggest change to housing policy in the UK capital since the 1960s. The mayor will announce a consultation on releasing parts of London’s green belt in a speech Friday, saying that some building in the protected zone around the city is necessary to meet the capital’s targets and to end a housing crisis.

(5) Cardinal Robert Francis Prevost was elected as Roman Catholic pontiff, the first ever pope from the US and a possible bridge between the moderate and hardline sides of a divided Church. Prevost, 69, chose the name of Leo XIV for his pontificate and was greeted by thousands of cheering faithful as he stepped out onto a balcony overlooking St. Peter’s Square to be presented to the world.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump is expected to announce a trade agreement with the United Kingdom at a news conference Thursday morning in Washington, according to people familiar with the matter.

(2) Details of An agreement are not immediately clear, but it is likely to be a framework deal that will serve as a starting point for further negotiations. The UK and US have been in intensive discussions about an economic agreement that would reduce the impact of some tariffs, with a team of British officials in Washington to negotiate terms this week, people familiar with the matter said.

(3) Chancellor of the Exchequer Rachel Reeves is on track to miss both her fiscal rules by tens of billions of pounds in the UK’s autumn budget, according to a prominent economic think tank, leaving her no option but to raise taxes or cut spending.

(4) The Bank of England is expected to cut interest rates by a quarter percentage point Thursday and may signal that another move is likely in June, potentially putting the central bank on course for its first back-to-back reductions since 2009 as the US trade war darkens the outlook for growth.

(5) Federal Reserve Chair Jerome Powell said officials are not in a hurry to adjust interest rates, adding tariffs could lead to higher inflation and unemployment.
“If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment,” Powell said Wednesday at the conclusion of a two-day meeting in Washington.

(6) The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments, according to people familiar with the matter.

Podcast conversation: Bill Ackman Bought a $4.9 Million Watch Collectors Obsess Over

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) India conducted targeted military strikes against Pakistan, which said it retaliated in expected tit-for-tat blows after a militant attack last month in Kashmir that killed 26 people.

(2) India and the UK agreed to a landmark trade deal slashing tariffs on cosmetics, vehicles, alcoholic beverages and other goods, as both sides look for wins to offset the disruption of President Donald Trump’s protectionist policies.

(3) The UK and US are in intensive discussions about an economic agreement that would reduce the impact of some tariffs, with a team of British officials in Washington to negotiate terms this week, people familiar with the matter said.

(4) China reduced its policy rate and lowered the amount of cash lenders must keep in reserve, as Beijing ramps up efforts to help an economy caught in a second trade war with the US.

(5) Friedrich Merz sought to move past an embarrassing stumble as he took power in Germany, vowing to reboot the economy and revive the country’s military.

Podcast conversation: Macron Wants a Netflix in Paris, Not Just Emily: Lionel Laurent

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Friedrich Merz has vowed to hit the ground running when he takes over as German chancellor on Tuesday, pledging swift action to galvanize Europe’s biggest economy, restore Berlin’s leadership role on the global stage and address voter concerns about irregular migration.

(2) China’s services activity deteriorated more than expected in April, a private survey showed, the latest setback for an economy already under pressure from US tariffs.

(3) Ford suspended its full-year financial guidance and said President Donald Trump’s auto tariffs will take a toll on profit, joining rivals stung by volatile global trade policies.

(4) The Trump administration is declaring Harvard University ineligible for new research grants from the federal government in the latest escalation between the White House and the Ivy League school.

(5) The UK’s tax overhaul for wealthy foreigners will start costing more than it raises if one in four of those affected leaves the country, according to the Centre for Economics and Business Research.

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Financial analysts were far more prepared than most CEOs for the US tariffs announced on April 2. Analysts, who serve as a proxy for the financial markets, anticipated tariffs would soon be an enormous issue, mentioning the topic 62% more often than did CEOs during Q1 earnings calls. That’s the conclusion of the second edition of the CEO Radar—a tool to help CEOs determine which issues truly deserve their time and attention. It unpacks the leading topics discussed on almost 4,900 earnings calls worldwide in Q1 2025, enabling chief executives to compare their agendas to those of their peers, and to the market’s expectations. On this episode of the CEO Radar Podcast, Edward Adams of Bloomberg Media Studios is joined by BCG Global Chair Rich Lesser and Michael Brigl, Head of BCG’s Central European practice, to discuss how tariffs are likely to have a long-term effect on corporate operations.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to next week’s Fed decision and earnings from Walt Disney.
In the UK – a look ahead to the challenges facing Germany’s next Chancellor.
In Asia – a look ahead to a look ahead to economic data in China.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Nigel Farage’s Reform UK has won a key parliamentary by-election following a recount, in a blow to Prime Minister Keir Starmer, fueling concerns in his Labour Party that he’s failing to slow the rise of the populist right.

(2) China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two sides.

(3) Japan aims to achieve a trade agreement with the US in June, with the high-stakes bilateral discussions expected to gain momentum in mid-May, Tokyo’s chief negotiator said after concluding the latest round of talks in Washington.

(4) Apple’s much-awaited quarterly earnings report failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China.

(5) Amazon said it’s bracing for a tougher business climate in the coming months, echoing concerns from a range of companies that tariffs and related economic turmoil could crimp consumer spending.

(6) President Donald Trump said he will nominate Michael Waltz, his current national security adviser, to be the next US ambassador to the UN, sidelining a top aide who drew a wave of criticism for inadvertently adding a journalist to a Signal group chat where officials discussed sensitive attack plans.

Podcast conversation:Not to attack Gen Z… but…this about Fake zoom meetings is brilliant Gen Z’s Social Tank Is Running on Empty: Opinion Wrap

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US and Ukraine reached a deal over access to the country’s natural resources, offering a measure of assurance to officials in Kyiv who had feared that President Donald Trump would pull back his support in peace talks with Russia.

(2) Meta quelled Wall Street concerns about the impact of the Trump administration’s trade war on advertising sales, reporting first-quarter revenue that beat expectations and forecasting additional spending.

(3) President Donald Trump acknowledged that his sweeping tariff program had risked imperiling him politically, but said he would not rush deals to appease nervous investors during a town hall on Wednesday.

(4) The European Union is planning to share a paper with the US next week that will set out a package of proposals to kick-start trade negotiations with the Trump administration.

(5) Microsoft shares jumped after the company reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady despite a wave of tariffs and economic turbulence.

(6) The Swedish furniture chain IKEA operates in more than 60 countries worldwide, including a significant presence in the United States.The CEO of the Ingka group - which operates most of IKEA's stores - has been speaking to Bloomberg about how they're adapting to the tariff uncertainty.

Podcast conversation: What Meta Really Means About ‘Worse’ European Service: Dave Lee

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office.

(2) Trump also said China deserved the steep tariffs he imposed on their exports and predicted Beijing could find a way to reduce their impact on American consumers.

(3) The European Union has made tangible offers to Donald Trump’s administration in an effort to return stability to the global economy, according to the bloc’s commissioner for international partnerships.

(4) Companies around the world including carmakers, brewers, airlines and packaged food makers are sounding a warning that US President Donald Trump’s import tariffs are beginning to wreak havoc on their businesses

(5) Switzerland risks missing out on lucrative contracts due to its policy of neutrality as European nations rearm in the face of Moscow’s aggression and tensions with the US.

(6) Drugmaker Astrazeneca has told us it is seeing no particular benefit from the UK government's focus on economic growth. The company abandoned a planned £450 million investment in the UK at the start of this year.

Podcast conversation: Controversial Arctic Parcel of Land May Sell for €300 Million

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Canada’s Liberal Party is projected to win a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US President Donald Trump in a trade war.

(2) Spain and Portugal were returning to some semblance of normality early Tuesday, with many questions remaining about what caused one of Europe’s worst blackouts in years across the Iberian peninsula the previous day.

(3) HSBC unveiled a fresh buyback for shareholders despite an increasingly fragile geopolitical backdrop that has weighed on the global economy and markets.

(4) Deutsche Bank’s trading unit hit a record in the first quarter as the lender benefited from market volatility.

(5) President Donald Trump is on track to ease the impact of his auto tariffs, with changes sought by the industry that would lift some levies on foreign parts for cars and trucks made inside the US.

(6) China’s top diplomat warned countries against caving in to US tariff threats, as the Trump administration hints at the possible use of new trade tools to pressure Beijing.

Podcast conversation: When Spain disappeared off the grid, millions rediscovered the joys of analogue technology.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Foreign investors who bought US stocks and dollars are facing significant losses due to the decline in the S&P 500 and the dollar's value.

(2) President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.

(3) The UK economy will grow half as quickly as previously expected in 2026 as Donald Trump’s sweeping tariffs hit business investment, according to EY Item Club.

(4) Canada’s next prime minister is set to inherit a half-year of flat economic growth, economists predict, as people take to the polls on election day.

(5) Eleven people were killed in Vancouver and dozens were injured after a driver plowed into a large crowd at a street festival on Saturday evening, according to police.

(6) Private equity firms are scouring for investment opportunities in European defense - chasing a sector that was once seen as toxic, driven by a historic shift toward increased military spending.

Podcast conversation: Did We Finally Find Life on Another Planet?

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to the April jobs report and big tech earnings.
In the UK – a look ahead to local elections.
In Asia – a look ahead to China PMI data.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump’s tariffs and a barrage of rising domestic bills sent UK household confidence to its lowest level since the Labour government came to power.

(2) President Donald Trump said his administration was talking with China on trade, after Beijing denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs.

(3) Treasuries jumped after comments by a Federal Reserve official bolstered odds that the central bank will cut interest rates as early as June.

(5) Google parent Alphabet reported first-quarter revenue and profit that exceeded analysts’ expectations, buoyed by continued strength in its search advertising business.

(6) The US will demand that Russia accept Ukraine’s right to develop its own, adequately equipped, army and defense industry as part of a peace agreement, according to people familiar with the matter, pushing back on Russia’s insistence that the country largely demilitarize as a condition to end the war.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Confronted with fresh warnings from financial markets, business leaders and top advisers, President Donald Trump this week eased off on two of his frequent punching bags: Jerome Powell and China.He turned down his aggressive rhetoric a day after meeting with executives from Walmart Inc., Home Depot Inc. and Target Corp., who said import taxes could disrupt supply chains and raise the prices of goods, according to people familiar with the matter

(2) Citadel founder Ken Griffin said President Donald Trump’s trade war has derailed business leaders’ plans to spend the next four years focusing on growth.
Griffin had previously criticized Trump’s tariffs even though he said he agrees with the president’s assessment of the issues that the US faces.

(3) President Trump has mused that he could announce tariff rates for countries, including China, “over the next two to three weeks.” At the same time, Trump said the deadline would ultimately depend on whether China engaged.

(4) The UK isn’t in a hurry to strike a deal with the US that lowers the tariffs President Donald Trump’s administration has slapped on British imports, Chancellor of the Exchequer Rachel Reeves said, highlighting that Britian is prepared to stand by red lines on safety standards.

(5) BNP Paribas SA reported record income from equities trading as the French lender rode the global market volatility in the first quarter of this year. The French lender on Thursday reported a 42% surge in equities trading revenue to €1.19 billion ($1.35 billion) in the three months through March, beating even the most optimistic analyst estimate. It was also the highest in data compiled by Bloomberg and going back to 2007.

(6) Companies moving office in London last year leased more expansion space than they have done since 2019, just the year before the coronavirus pandemic upended white-collar working practices and sent shock waves through commercial real estate markets.

(7) Podcast conversation: Gyms Might Never Be the Same

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates.

(2) US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China cannot be sustained by both sides and that the world’s two largest economies will have to find ways to de-escalate.

(3) Federal Reserve Governor Adriana Kugler said tariffs will likely put upward pressure on prices and have a bigger economic effect than previously expected.

(4) The head of International Monetary Fund warned that the chances of global recession will rise if uncertainty over a US-led trade war continues to drag.

(5) UK Chancellor of the Exchequer Rachel Reeves will make a personal appeal for a trade deal to US Treasury Secretary Scott Bessent in Washington this week, aiming to “defend British interests” and secure preferential treatment on tariffs.

(6) Elon Musk vowed to pull back “significantly” from his work with the US government to concentrate on Tesla, easing concerns of investors who lamented his time in Washington as a distraction.

(7) Podcast conversation: Unwind Like a Boss

Illustration: Bloomberg/Getty

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump warned the US economy may slow if the Federal Reserve does not move to immediately reduce interest rates, in his latest broadside against Fed Chair Jerome Powell.

(2) Stocks and bonds fluctuated, and a gauge of the dollar headed for a fourth day of losses as little progress in tariff negotiations and growth concerns about the US prompted investors to pare bets in a volatile market.

(3) Bloomberg Economics estimates President Trump's "liberation day" tariffs will shave about $2 trillion off global output by the end of 2027, relative to a scenario where border taxes had stayed unchanged. Policy uncertainty (it's still not clear where tariffs will settle) and modelling uncertainty (the shocks have no precedent in the post World War II data) mean the error band around that forecast is wide.

(4) The US set new duties as high as 3,521% on solar imports from four Southeast Asian countries, delivering a win for domestic manufacturers while intensifying headwinds already threatening the country’s renewable power development.

(5) The College of Cardinals will meet in Conclave in about two weeks to elect Francis' successor, with about 135 cardinals having the vote. The election could threaten Francis' legacy as a reforming pope, as the church could swing away from his positions on issues such as LGBTQ rights.

(6) Podcast conversation : Building a Better Manosphere

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to home sales data and Tesla earnings.
In the UK – a look ahead to how companies across Europe and beyond are preparing to share their latest financial performances with the market.
In Asia – a look ahead to how some Chinese companies are looking to skirt U.S President Donald Trump’s tariffs.

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(1) US investors could be forced to offload around $800 billion of Chinese equities “in an extreme scenario” of financial decoupling between the world’s two largest economies, Goldman Sachs Group Inc. estimates.

(2) The Trump administration is preparing to pressure nations to curb trade with China in negotiations over US tariffs, according to people familiar with the matter.

(3) Federal Reserve Chair Jerome Powell again stressed the central bank must ensure tariffs don’t trigger a more persistent rise in inflation. Powell said policymakers would balance their dual responsibilities of fostering maximum employment and stable prices.

(4) Economic data just confirmed what anecdotal evidence had suggested: Consumers are rushing to make major purchases of cars, electronics and appliances in an attempt to get ahead of tariffs that could raise prices.

(5) Gold hit another all-time high as warnings from Federal Reserve Chief Jerome Powell about the impact of the trade war fueled volatility on Wall Street, leading to sharp declines in stocks and the dollar.

(6) Vladimir Putin has ordered his government to draw up a new legal framework for companies seeking to invest in Russia. It’s the most concrete sign yet that Moscow is preparing for a day when it believes sanctions will be lifted and some investment welcomed back. But, said one Kremlin official, “nobody is knocking on the door yet” underlining the tentative nature of the approaches taken by companies — some of whom never fully left — to restoring their operations in the country, as US President Donald Trump pushes for a deal to end Russia’s war in Ukraine.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) China’s economy showed surprising strength in early 2025 with a sharp uptick in March, though a trade impasse with Donald Trump has prompted calls for stimulus to offset the tariff shock.

(2) President Donald Trump called on China to reach out to him in order to kick off negotiations aimed at resolving the escalating trade fight between the world’s two largest economies.

(3) President Donald Trump’s administration has barred Nvidia from selling its H20 chip to China, an escalation of Washington’s tech battle with Beijing that will cost the company billions of dollars and hamstring a product line it explicitly designed to comply with previous US curbs.

(4) Import prices for March came in soft – but not soft enough. Bloomberg Economics's calculations of tariff-inclusive import prices indicate that, two months into Trade War 2.0, US importers have borne the brunt of almost all the tariffs so far.

(5) Americans are increasingly looking for jobs in Britain amid President Donald Trump’s funding cuts and a darkening economic outlook.

(6) Donald Trump's push to reshape global trade and security has shocked European markets into life, driving investors to assets from stocks to bonds and the euro, in a way few could have imagined even 6 months ago.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) “The president has been very clear that he’s willing to talk to his counterpart,” US Trade Representative Jamieson Greer tells Fox News about Donald Trump and Chinese leader Xi Jinping.

(2) President Donald Trump’s administration pressed forward with plans to impose tariffs on semiconductor and pharmaceutical imports by initiating trade probes led by the Commerce Department.

(3) Treasury Secretary Scott Bessent played down the recent selloff in the bond market, rejecting speculation that foreign nations were dumping their holdings of US Treasuries, while flagging that his department has tools to address dislocation if needed.

(4) European Commissioner for Trade and Economic Security Maros Sefcovic met with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer today in DC, “seizing the 90-day window for a mutual solution to unjustified tariffs,” he says in a post on X.

(5) UK households increased their spending in March as consumer demand defied an imminent rise in household bills, according to reports from the British Retail Consortium and Barclays.

(6) The Trump administration followed through on its threat to pull federal funding from Harvard University hours after the oldest and richest US college refused to agree to a list of government demands.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake US trade.

(2) Strategists at Goldman Sachs Group cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US.

(3) The dollar fell for a fifth day as traders looked past a reprieve on the imposition of certain electronic tariffs and after President Donald Trump downplayed his exemption for the technology sector.

(4) Treasuries gained after last week’s rout as President Donald Trump paused import duties on a range of consumer electronics. Investors also await speeches from Fed officials Christopher Waller and Patrick Harker.

(5) British companies’ finance chiefs had adopted their most defensive positions since the pandemic even before US President Donald Trump’s tariffs sent global markets into a tailspin.

(6) UK officials are rushing to secure the raw materials needed to keep Britain’s last primary steel manufacturer running, with other businesses offering to provide help.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S Retail sales and earnings from Netflix.
In the UK – a look ahead to next week’s ECB meeting.
In Asia – a look ahead to earnings from TSMC.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Less than 24 hours after President Donald Trump backtracked on his once-in-a-century trade war to prevent a meltdown in financial markets, frantic selloffs hit US stocks, bonds and the dollar yet again as fears of a worldwide recession engulfed Wall Street.

(2) The dollar extended losses after its biggest plunge in three years, with the cost of hedging against further slides climbing to the highest since the Covid pandemic shuttered cities in early 2020.

(3) President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified US tariffs on China rose to 145%.

(4) Top European Union officials are making plans to visit China for a meeting with President Xi Jinping, the South China Morning Post reported — a sign Brussels may be keen to develop better ties with Beijing amid the Trump administration’s tariff onslaught.

(5) Federal Reserve Bank of Chicago President Austan Goolsbee said tariffs are a “stagflationary shock” and they pit the central bank’s goals of price stability and full employment against one another.

(6) A sightseeing helicopter crashed into the Hudson River, killing all six people on board, including three children from Spain and the pilot.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump announced a 90-day pause on higher tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%.

(2) Five gut-wrenching days after Donald Trump’s America-versus-the-world trade war threw stock and bond markets around the globe into disarray, he backpedaled and, in the process, pulled the financial system back from the brink.

(3) China’s top leaders are poised to meet Thursday to discuss additional economic stimulus after US President Donald Trump ratcheted up tariffs, according to people familiar with the matter.

(4) President Donald Trump called the bond market a thing of beauty on Wednesday. For traders of government debt, the day meant pure mayhem.

(5) The murmurs spread quietly at first, then exploded into a roar as the news hit — President Donald Trump was pausing the bulk of his tariffs and putting his global trade war on hold. Mostly.

(6) The UK housing market is in danger of being “blown off course” by US President Donald Trump’s trade war, estate agents warned after activity weakened sharply last month.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Donald Trump spent the final hours before his tariffs were set for full implementation lining up negotiations with US allies, but his insistence on pushing forward with 104% tariffs on many Chinese goods dimmed optimism that a brutal trade war would be avoided.

(2) Chinese Premier Li Qiang said his country has ample policy tools to “fully offset” any negative external shocks, and reiterated his optimism about the growth of the world’s second-largest economy in 2025, despite the latest tariff threat from US President Donald Trump.

(3) For the better part of a day, it seemed as if the panic that Donald Trump’s trade war unleashed had largely subsided as US equities built on strong rallies in Asia and Europe.

(4) President Donald Trump’s steeper-than-expected tariffs have traumatized financial markets and triggered recession fears all over the world.

(5) President Donald Trump’s tariffs are rattling US consumers, who are stocking up on everything from cars to olive oil and iPhones. The behavior offers some good news for businesses that are rushing to figure out how to respond to the upheaval caused by Trump’s global trade war.

(6) “We are going to be announcing very shortly a major tariff on pharmaceuticals,” President Donald Trump says at a National Republican Congressional Committee Dinner.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) China pledged to retaliate against Donald Trump’s latest tariff threat and stepped up efforts to support the market, raising the risk of a prolonged trade war between the world’s two largest economies.

(2) Japan looks set to get priority in US tariff talks, moving to the front of a long line of countries seeking to roll back President Donald Trump’s so-called reciprocal duties, which are scheduled to kick in on Wednesday.

(3) President Donald Trump threatened to slap China with an additional 50% import tax, while Washington and Wall Street remained engulfed in confusion about how to gain exceptions from his sweeping global tariffs.

(4) At just after 10 a.m., shouting erupted on the Siebert trading floor in downtown Manhattan. Mark Malek, the firm’s chief investment officer, rushed out of his office to hear his head trader screaming that President Donald Trump was weighing suspending the across-the-board tariff roll-out that had been sinking stock markets for days.

(5) Billionaire Ken Griffin said President Donald Trump’s latest tariffs amount to a hefty tax on families and are a “huge policy mistake” by the administration.

(6) European Union trade ministers closed ranks and signaled readiness to deploy a full spectrum of countermeasures including potential taxes on digital companies in response to US President Donald Trump’s sweeping tariffs.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) European stocks plunged, dropping to the lowest since December 2023 on the back of Donald Trump’s tariff announcements, with Germany’s DAX Index falling as much as 10%.

(2) President Donald Trump and his economic team dismissed investors’ fears of inflation and recession, offering no apologies for the market turmoil sparked by sweeping global tariffs and defiantly insisting a boom is on the horizon.

(3) China’s objections to new US tariffs stalled a deal to sell off TikTok and keep it operating in the US, President Donald Trump said Sunday.

(4) Bill Ackman and Stanley Druckenmiller slammed President Donald Trump’s decision to launch expansive global tariffs, which have plunged markets into chaos.

(5) UK Prime Minister Keir Starmer said he’ll announce measures this week to support Britain’s economy and businesses amid the threat posed by Donald Trump’s tariffs.

(6) Finance ministers from Italy and Spain cautioned against too aggressive a response to US President Donald Trump’s tariffs, underscoring the European Union’s divide on the matter.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A flight from global equities accelerated Monday and investors piled into haven assets as the fallout from US President Donald Trump’s tariffs deepened after China announced retaliatory measures.

(2) President Donald Trump and his economic team dismissed investors’ fears of inflation and recession, offering no apologies for the market turmoil sparked by sweeping global tariffs and defiantly insisting a boom is on the horizon.

(3) China’s objections to new US tariffs stalled a deal to sell off TikTok and keep it operating in the US, President Donald Trump said Sunday.

(4) Bill Ackman and Stanley Druckenmiller slammed President Donald Trump’s decision to launch expansive global tariffs, which have plunged markets into chaos.

(5) UK Prime Minister Keir Starmer said he’ll announce measures this week to support Britain’s economy and businesses amid the threat posed by Donald Trump’s tariffs.

(6) Finance ministers from Italy and Spain cautioned against too aggressive a response to US President Donald Trump’s tariffs, underscoring the European Union’s divide on the matter.

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As dozens of countries worldwide have held national elections in the past year, a new global agenda has emerged that is focused more on trade and taxes, and less on environmental and cultural issues. That’s the conclusion of the first edition of the CEO Radar—a new tool that explores the leading topics discussed on almost 4,700 earnings calls worldwide in Q4 2024, enabling chief executives to compare their agendas to those of their peers, and to the market’s expectations. On this first episode of the CEO Radar Podcast, Edward Adams of Bloomberg Media Studios is joined by Christoph Schweitzer, CEO of BCG, and Judith Wallenstein, head of BCG’s CEO advisory practice, to unpack the stories behind the data, based on their one-on-one conversations with CEOs.

This episode is sponsored by BCG.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – an eco look ahead post Trump-tariffs, and also a discussion on how the retail sector may be impacted.
In the UK – a look at the BOE’s quarterly report on the stability of the UK's financial system.
In Asia – a look at President Trump’s additional 34% tariff on Chinese goods and how that may impact U.S, China relations. Also, a look at how tariffs will impact U.S, Australia relations.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Asian shares fell to the lowest level in two months, extending a global selloff in stocks after President Donald Trump’s latest tariff measures drove investors into haven assets.

(2) All across the world, as sell orders lit up screens on trading floors from Tokyo to London and New York, a sobering reality took hold: Donald Trump is serious about upending the global trading system — and it appears, at least for now, that fears of a stock-market crash won’t stop him.

(3) President Donald Trump’s big tariff rollout was supposed to reduce uncertainty for businesses. Economists say it did the exact opposite, while also raising recession risk.

(4) President Donald Trump said he was open to reducing his tariffs if other nations were able to offer something “phenomenal,” indicating that the White House was open to negotiations despite the insistence of some top officials.

(5) French President Emmanuel Macron was quick to respond to US President Donald Trump’s punitive tariffs on the European Union by urging businesses in the world’s largest trading bloc to halt spending on the US.

(6) US officials have told their UK counterparts they’ll discuss Britain’s proposal to reduce tariffs below 10%, but warned them President Donald Trump may decide that number is his permanent baseline for all countries, according to British officials familiar with the matter.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump imposed the steepest American tariffs in a century, stepping up his campaign to reshape the global economy and unnerving investors who see a trade war as a risk to US growth.

(2) An aggressive suite of tariffs announced Wednesday by President Donald Trump will significantly complicate the Federal Reserve’s job as it struggles to quash inflation and avoid an economic downturn, likely keeping officials in wait-and-see mode.

(3) China vowed to retaliate after being hit with Donald Trump’s biggest tariffs yet, which threaten to decimate trade between the world’s largest economies.

(4) The European Union is preparing a package of potential emergency measures to support parts of its economy that could be hit the hardest by US President Donald Trump’s sweeping tariffs, according to people familiar with the matter.

(5) The UK refrained from retaliation and said it would maintain its push for a US trade deal after President Donald Trump slapped tariffs of 10% on all imports from Britain as part of a wider global package which he dubbed “Liberation Day” for his country.

(6) Treasury Secretary Scott Bessent urged US trading partners against taking retaliatory steps against President Donald Trump’s new set of retaliatory tariffs.

(7) President Donald Trump announced a significant increase in tariffs on imports from the US's trading partners, sparking a rapid and painful market impact.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump’s deliberations over his plans to impose reciprocal tariffs are coming down to the wire, with his team said to be still finalizing the size and scope of the new levies he is slated to unveil on Wednesday afternoon.

(2) Federal Reserve Bank of Chicago President Austan Goolsbee warned of the negative consequences of any slowdown in consumer spending or business investment due to tariff-related uncertainty.

(3) The UK government is bracing for US tariffs set to be outlined this week by President Donald Trump to hit the British economy, even as the two governments continue talks on a potential carve-out.

(4) The White House is preparing an estimate of what it would cost the federal government to control Greenland as a territory, the most concrete effort yet to turn President Donald Trump's desire to acquire the Danish island into actionable policy.

(5) Elon Musk’s candidate faced a resounding loss in a Wisconsin judicial race despite the world’s richest man pouring millions into the campaign, while Republicans avoided upsets in two critical US House seats in Donald Trump’s home state of Florida.

(6) As US President Donald Trump prepares to launch a new wave of levies aimed at reducing America’s trade deficits and bringing manufacturing back to home soil, pharmaceuticals are high on the list of targets.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said.

(2) US automakers are making a last-ditch effort to sway the Trump administration on tariffs set to take effect this week, contending that levies on the thousands of parts they source abroad could have catastrophic effects on the industry.

(3) French far-right leader Marine Le Pen lashed out at the decision to bar her from running for elected office for five years, saying it effectively eliminated her from the 2027 presidential race.

(4) The rising price of store cupboard staples and alcoholic drinks has lifted UK food inflation to a nine-month high, as the country’s Labour government faces growing political pressure over living costs.

(5) A fight over UK motor finance and whether lenders should be on the hook for billions of pounds in compensation will play out at the Supreme Court in one of the most highly-anticipated hearings in years.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Global equities sold off for a fourth day as concerns about the economic impact of the trade war intensified before Donald Trump unveils more tariffs this week.

(2) Japan’s blue-chip Nikkei 225 Stock Average slumped to enter a technical correction as exporter- and chip-related stocks slid on concerns about the global trade war.

(3) President Donald Trump said he plans to start his reciprocal tariff push with “all countries,” tamping down speculation that he could limit the initial scope of tariffs set to be unveiled April 2.

(4) UK Prime Minister Keir Starmer held “productive” discussions about “an economic prosperity deal” on a call with US President Donald Trump Sunday evening ahead of a crunch week in which the government hopes to carve out exemptions from looming US tariffs.

(5) Goldman Sachs economists now forecast both the Federal Reserve and European Central Bank will cut interest rates three times this year as President Donald Trump’s tariffs weigh on economic growth.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he plans to start his reciprocal tariff push with “all countries,” tamping down speculation that he could limit the initial scope of tariffs set to be unveiled April 2.

(2) UK Prime Minister Keir Starmer held “productive” discussions about “an economic prosperity deal” on a call with US President Donald Trump Sunday evening ahead of a crunch week in which the government hopes to carve out exemptions from looming US tariffs.

(3) Goldman Sachs economists now forecast both the Federal Reserve and European Central Bank will cut interest rates three times this year as President Donald Trump’s tariffs weigh on economic growth.

(4) Global equities sold off for a fourth day ahead of President Donald Trump unveiling a fresh round of tariffs and mounting concerns about economic impact from a global trade war.

(5) This was a historic quarter for European stocks. Investors are now wondering if there will be an encore. Doubts have grown around the US exceptionalism trade due to uncertainty from Donald Trump’s tariff policies and government job cuts — and Europe is emerging as a beneficiary.

(6) Major players in the foreign exchange market are concerned about a potential system-wide crisis due to a "liquidity mirage" that creates the illusion of market depth, while actual liquidity is drained away.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.
• In the US – a preview of US March jobs and a look at the potential impact of auto tariffs.
• In the UK – an assessment of NATO's position amid growing global tensions.
• In Asia – a preview of the Reserve Bank of Australia's next rate decision.

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On today's podcast:

(1) The US is pushing to control all major future infrastructure and mineral investments in Ukraine, potentially gaining a veto over any role for Kyiv’s other allies and undermining its bid for European Union membership.

(2) Federal Reserve Bank of Boston President Susan Collins said it looks “inevitable” that tariffs will boost inflation, at least in the near term, adding it’s likely appropriate to keep interest rates steady for longer.

(3) Donald Trump has piqued European leaders’ interest in currency markets. After the euro jumped against the dollar, French president Emmanuel Macron quizzed central bank chief Christine Lagarde on the outlook for the exchange rate in private conversations in Brussels last week, according to people briefed on the discussions.

(4) UK Chancellor of the Exchequer Rachel Reeves boasted on Wednesday that she had restored her fiscal buffer to £9.9 billion ($13 billion). A day later, she had lost half of it.

(5) Elon Musk, the billionaire running President Donald Trump’s federal cost cutting effort, said he plans to slash $1 trillion in government spending by the end of May.

(5) European leaders are trying to carve out a role for themselves in US-led ceasefire talks over Russia’s war in Ukraine as more than 30 of them gather Thursday for an impromptu defense summit in Paris.

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President Donald Trump signed a proclamation to implement a 25% tariff on auto imports, which will come into effect on April 3, initially targeting fully assembled vehicles. Trump also suggested further tariffs would be imposed on the European Union and Canada if they worked together “to do economic harm” to the US, and threatened levies on lumber, semiconductors, and pharmaceutical drugs. The tariffs are expected to raise prices of foreign-made cars, and even US-made vehicles may see price increases if supplies and parts are hit by levies or if supply chains are cut off from manufacturing in lower-cost countries. In this bonus episode of the Bloomberg Daybreak Europe Podcast Caroline Hepker and Stephen Carroll get the thoughts of our EMEA News Director Ros Mathieson and our Markets Live Executive Editor Mark Cudmore as well as hearing from Carl Tannenbaum, Chief Economist at Northern Trust.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump signed a proclamation to implement a 25% tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an even broader push on levies next week.

(2) The European Union expects the US to apply a double-digit tariff rate across the bloc when President Donald Trump announces a sweeping package of so-called reciprocal duties on April 2.

(3) Across Wall Street, the world’s leading mergers and acquisitions advisers are sounding the alarm: the Donald Trump-driven deals boom they’d all been dreaming of isn’t happening yet.

(4) UK Chancellor Rachel Reeves did the minimum to preserve her credibility with markets by restoring her fiscal buffer to exactly where it was in October. In doing so, she ensured she would remain a hostage to fortune for months to come.

(5) European leaders are trying to carve out a role for themselves in US-led ceasefire talks over Russia’s war in Ukraine as more than 30 of them gather Thursday for an impromptu defense summit in Paris.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves will blame global economic headwinds as she slashes UK government spending by billions of pounds, in the face of growing criticism from within her own Labour Party that she risks alienating voters.

(2) Fresh doubts over the accuracy of Britain’s official data have been raised by economists, who warned that the problems first seen in the labor market figures are “just the tip of the iceberg.”

(3) The US said Russia and Ukraine agreed to a ceasefire in the Black Sea, even as the Kremlin said its involvement would depend on a series of preconditions, including sanctions relief.

(4) President Donald Trump said his administration was investigating the addition of a journalist to a text group of top officials discussing plans for military strikes in Yemen, but expressed support for national security adviser Michael Waltz.

(5) President Donald Trump said he plans to limit exceptions to his tariff push, the latest cryptic hint about a planned April 2 announcement of reciprocal duties on global trading partners.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) The Atlantic’s top editor said he was added to a text group in which top US officials discussed detailed plans to bomb Houthi targets in Yemen with other top US officials, an extraordinary breach of security from an administration that has repeatedly vowed to clamp down on leaks.
(2) President Donald Trump said he will announce tariffs on automobile imports in the coming days — and indicated nations will receive breaks from next week’s “reciprocal” tariffs.
(3) US and Russian officials met in Saudi Arabia for about 12 hours a day after American and Ukrainian teams held talks, as President Donald Trump pushes for progress in achieving a ceasefire in the war.
(4) HSBC is considering outsourcing part of its sprawling trading business as executives struggle to justify making technology investments needed to keep up with larger rivals.
(5) Britain needs a technological breakthrough such as artificial intelligence to counter the collapse in its long-term growth rate, Bank of England Governor Andrew Bailey said in a lecture at Leicester University.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US and European stock-index futures climbed on signs that the next round of President Donald Trump’s tariffs may be more measured than previously suggested.

(2) The UK government is weighing plans to reduce or even abolish its digital services tax before April 2 in an effort to avoid the worst of US President Donald Trump’s trade tariffs.

(3) Mark Carney began his bid for election with a stark warning that US President Donald Trump is serious about wanting to annex Canada, launching his effort to convince Canadians he can protect the country from US aggression.

(4) Turkey formally arrested President Recep Tayyip Erdogan’s main political rival, a decision likely to trigger more market turmoil and protests across the country.

(5) Ukrainian and US officials held talks in Riyadh, resuming efforts to end Russia’s full-scale invasion as President Donald Trump pushes for a ceasefire.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S CPI and PCE data, along with a look at the impact of tariffs on housing.
In the UK – a preview of UK Chancellor Rachel Reeves’ spring statement.
In Asia – a preview of Chinese EV Maker BYD’s earnings.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) London’s Heathrow airport will close all day Friday after a nearby fire caused a major power outage, throwing one of the world’s busiest airports and the travel plans of hundreds of thousands of people into chaos.

(2) European Union leaders tussled over weapons deliveries to Kyiv and who would represent them in US-led diplomacy as the bloc struggled to formulate a strategy on Ukraine.

(3) Bank of England Governor Andrew Bailey urged his rate-setting colleagues to tread carefully after the central bank held policy steady in the face of a turbulent global backdrop.

(4) Turkey’s central bank raised one of its key interest rates in a surprise meeting on Thursday, the latest move by authorities to reverse a decline in the lira.

(5) Israel’s cabinet approved Prime Minister Benjamin Netanyahu’s decision to fire the country’s domestic intelligence chief, defying thousands of protesters who rallied against his removal and those of other security and judicial officials.

(6) The UK’s richest are set to unleash their savings to splash on luxury goods, cars or tech, a report showed, in signs that lower interest rates are boosting demand.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) For weeks the US economic picture has been darkening. If Wednesday was an opportunity for Federal Reserve Chair Jerome Powell to raise the alarm, he took a hard pass.

(2) President Donald Trump said the Federal Reserve should cut interest rates, splitting with the US central bank as officials weigh the economic cost of his tariff push.

(3) Research by Bloomberg Economics shows that China has roughly managed to maintain its share of global exports despite a big drop in its share of total US imports since Trump’s first term. Emerging markets are facing a so-called 'China shock', as cheap goods arrive in developing countries.

(4) The Bank of England is likely to turn less dovish on Thursday as officials start to fret about the fallout from Donald Trump’s tariff wars and a renewed bout of domestic inflation.

(5) Ukrainian President Volodymyr Zelenskiy agreed to a proposal for a mutual halt to strikes on energy assets as an initial step in President Donald Trump’s effort to end the war that began with Russia’s full-scale invasion three years ago.

(6) Major changes to UK inheritance tax by the Labour government means means wealthy Britons are embracing creative tactics to protect and pass on wealth, espcially businesses, farmland and pensions.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Vladimir Putin refused to give Donald Trump the 30-day ceasefire in Ukraine he and his team had demanded on the path toward ending the three-year conflict. It was still good enough for the US president.

(2) Morgan Stanley is planning to cut about 2,000 employees later this month in the first major workforce reduction under Chief Executive Officer Ted Pick.

(3) German lawmakers passed a landmark spending package, taking a major step toward unlocking hundreds of billions of euros in debt financing for defense and infrastructure and heralding the end of decades of budget austerity.

(4) The Bank of Japan signaled growing unease over the potential impact on the global economy from escalating trade tensions, while keeping its key policy rate unchanged.

(5) UK Prime Minister Keir Starmer’s move to cut disability benefits sets the scene for a showdown with the left of his governing Labour party as he seeks to prioritize fiscal prudence over social policy.

(6) Two NASA astronauts stuck in orbit for nine months finally returned to Earth in a SpaceX craft, capping a saga that captured international attention and deepened America’s reliance on the Elon Musk-led company.

(7) In France, rising taxes and political turmoil are having a chilling effect on the financial sector. Since last summer, international banks in Paris have quietly shelved expansion plans, after years of building its role as Europe's post-Brexit financial center.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Rachel Reeves has defended her fiscal rules and pledged to bring down government borrowing, as the UK Chancellor of the Exchequer faces dissent from Labour party colleagues opposed to cuts to welfare payments and government spending.

(2) Israel launched a series of military strikes across Gaza, shattering a nearly two-month ceasefire, in response to Hamas's refusal to release hostages and rejection of proposals from the US and mediators. The escalation is the latest sign of renewed conflict in the Middle East.

(3) President Donald Trump said the US and Russia are already talking about dividing “assets” as part of a push to end the fighting in Ukraine, the latest sign that he may be preparing to sacrifice Kyiv’s interests when he speaks with Vladimir Putin on Tuesday.

(4) German lawmakers will vote on a bill today that would unlock hundreds of billions of euros in debt-financed defense and infrastructure spending and herald a pivot toward a substantially more expansive fiscal policy in Europe’s biggest economy.

(5) Two NASA astronauts stuck in orbit for nine months finally departed the International Space Station aboard a SpaceX capsule on Tuesday, kicking off their long-awaited voyage home. Butch Wilmore and Suni Williams, seated inside a Dragon capsule with two other crew members, undocked from the ISS at 1:05 a.m. New York time on Tuesday. The capsule is expected to travel through space, plunge through the atmosphere and ultimately fall to Earth under parachutes before splashing down off the Florida coast around 6 p.m. New York time.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he’ll speak with Russian President Vladimir Putin on Tuesday, as the US continues to push for an end to fighting in Russia’s war in Ukraine.

(2) Treasury Secretary Scott Bessent, a former hedge fund manager, said he’s not worried about the recent downturn that’s wiped trillions of dollars from the equities market as the US seeks to reshape its economic policies.

(3) Consumption and industrial production in China grew faster to start the year, in an upswing that exceeded forecasts as Donald Trump’s tariffs threaten exporters in the world’s largest trading nation.

(4) US President Donald Trump’s policies are causing more uncertainty for the economy than there was during Covid, European Central Bank Vice President Luis de Guindos told the Sunday Times.

(5) The UK government will abolish more business regulators and scale back welfare spending to drive stagnant economic growth.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of next week’s Fed decision and earnings from FedEx.
In the UK – a preview of Morgan Stanley’s European Financials Conference.
In Asia – a preview of Tencent earnings and the next BOJ decision.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) European Central Bank President Christine Lagarde warned that an escalation of disputes over trade levies kicked off by US President Donald Trump may have a detrimental effect on the world economy.

(2) President Donald Trump threatened to impose a 200% tariff on wine, champagne and other alcoholic beverages from France and elsewhere in the European Union, the latest escalation in a growing transatlantic trade war.

(3) China stands to gain from the ongoing trade wars between the US and its allies, the European Union’s foreign policy chief Kaja Kallas said in an interview with Bloomberg Television.

(4) Tariff worries rattled Wall Street again Thursday, pushing the S&P 500 into a correction that left it at the lowest in six months.

(5) Senate Democratic leader Chuck Schumer had two choices as the clock ticked down to the government funding deadline: drop his threat to block the Republican bill or force a disruptive March 15 shutdown.

(6) More than half of UK Prime Minister Keir Starmer’s cabinet have urged his chancellor, Rachel Reeves, to rethink her plans to scale back welfare and spending, in an extraordinary sign of growing concern within the governing Labour Party over the scale of looming cuts.

(7) Russian President Vladimir Putin said he wants to discuss a proposed ceasefire in Ukraine with his US counterpart Donald Trump, though he warned that any truce should lead to a long-term resolution of the war.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said the US would respond to the European Union’s countermeasures against his new 25% tariffs on steel and aluminum, raising the risk of further escalation in his global trade war.

(2) Ozempic-maker Novo Nordisk is planning to make more of its medicines for the US market in the country; Boeing risks a gummed up supply chain and higher aircraft costs it may not be able to pass on; Chinese online retailer Shein is offering incentives to its top apparel providers to set up new production capacity in Vietnam.

(3) Senate Democratic leader Chuck Schumer said his party would block a Republican spending bill to avert a government shutdown on Saturday and urged the GOP to accept a Democratic plan to provide funding through April 11 instead.

(4) The correction in the US stock market may be complete as credit markets aren’t pricing in recession risks, according to JPMorgan Chase.

(5) The UK and France are scrambling to bolster Ukraine’s negotiating position as US President Donald Trump seeks to force through a settlement in its war with Russia.

(6) London is expected to record the largest drop in house prices in the UK in the near term, according to property agents, as the capital is disproportionately hit by economic uncertainty and higher taxes.

(7) Bloomberg has learned that investors are quietly betting that Donald Trump's overtures to Moscow will eventually translate into Russia's return to the global financial markets.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump’s 25% tariffs on steel and aluminum imports came into force Wednesday, triggering a reprisal from the European Union as the global trade war enters a new and risky phase.

(2) The latest US tariffs — which were applied without exemptions — kicked in after a tumultuous day at the White House, when Trump threatened to double the metals tariffs on Canada to 50%, only to back off when Ontario agreed to drop plans to impose a surcharge on electricity sent to the US — all while downplaying the risk of a tariff-led recession that has sent US markets plunging.

(3) Goldman Sachs has lowered its target for the US equity benchmark in a further sign of growing skepticism on the outlook of the world’s largest economy.The bank’s strategists cut the year-end target for the S&P 500 Index to 6,200 from 6,500, implying an 11% gain from Tuesday’s close. The reduction was also in view of declines in the “Magnificent 7” stocks.

(4) Less than two weeks after Donald Trump lambasted Ukrainian President Volodymyr Zelenskiy in an Oval Office confrontation, the US president put the pressure on Russia to accept a ceasefire agreement hammered out with Zelenskiy’s advisers.

(5) Half a million more people in England and Wales are claiming disability benefits for mental-health problems than before the pandemic, according to research that may add to concerns over government plans to squeeze welfare spending.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) What had been a steady pullback from the US stock market accelerated sharply Monday as investors retreated from virtually every type of risk and economic fear raced across Wall Street.

(2) Citigroup downgraded its view on US equities while upgrading China to overweight, another sign of the growing divergence in the outlook toward the world’s top two markets.

(3) Talks between the US and Ukraine in Saudi Arabia on Tuesday are intended to help clarify what concessions might be possible in the push toward a ceasefire with Russia, Secretary of State Marco Rubio said, playing down the possibility of a major breakthrough.

(4) A cargo ship crashed into an oil tanker off the UK’s east coast, causing fires, a jet-fuel spill, and leaving one person missing in one of the most significant maritime disasters near the country in many years.

(5) Keir Starmer has reportedly backed up the Chancellor's plans to reform Britain's benefits system and cut costs. According to the BBC, the Prime Minister told a private meeting of his MPs that the UK's welfare system was 'indefensible' and 'unfair'.

(6) Key UK economic data will continue to be released at 7 a.m., a blow to traders and investors who wanted the statistics office to revert to the pre-pandemic norm of 9:30 a.m.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said the US economy faces “a period of transition,” deflecting concerns about the risks of a slowdown as his early focus on tariffs and federal job cuts causes market turmoil.

(2) Chinese tariffs on a slew of American farm products have officially come into effect, the latest retaliation in the unfolding trade war between the world’s top two economies.

(3) Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future.

(4) US President Donald Trump said he had largely lifted a freeze on US intelligence sharing with Ukraine as he looked to push both Kyiv and Moscow to the negotiating table in hopes of brokering a peace deal.

(5) Wages for new hires in the UK rose at the slowest pace in four years in February as businesses scrambled to cut expenses ahead of a looming hike in employment costs, according to a survey closely watched by the Bank of England.

(6) Germany's Conservatives and Social Democrats are moving closer to a forming coalition, announcing over the weekend they would deepen talks over joining forces in a new government. They face massive challenges to restart growth after two years of contraction boost defence spending, as well as risks of trade tariffs from Donald Trump.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S CPI and PPI data, along with earnings from Oracle and Adobe.
In the UK – a preview of European Central Bank Chief Christine Lagarde addressing central bankers.
In Asia – a recap of China’s NPC and outlook for its’ economy.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) China’s top diplomat accused Donald Trump of taking a hypocritical approach to bilateral ties and denounced tariffs, as tensions rise between the world’s largest economies.

(2) President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the US’s two largest trading partners.

(3) Wall Street traders continued to navigate intense, quick and sharp market swings amid a slew of tariff headlines, with stocks getting pummeled after almost wiping out their losses.

(4) Millennium Management, Citadel and other top hedge funds posted lacklustre returns in February, as market gyrations reversed momentum on key trades and clobbered popular stocks.

(5) The European Union agreed to begin discussions on a long-term reform of its fiscal rules to allow member states to spend more on defense, following a push from Germany.

(6) European Central Bank officials are bracing for tough negotiations over whether to cut interest rates further or hold fire when they next set borrowing costs in April, according to people familiar with their thinking.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Japan’s government bond yields reached their highest levels in more than a decade and yields in Australia and New Zealand also surged as the rout in German bunds reverberated through global debt markets.

(2) The European Central Bank is about to lower interest rates for the sixth time since June, though a volatile economic backdrop is sowing divisions over where to take borrowing costs from here.

(3) President Emmanuel Macron said he’ll enter into talks on using France’s nuclear capabilities to defend European allies.

(4) Financial markets are signaling that the risk of a recession is growing as tariff-related uncertainty and indicators of economic weakness spread fear across Wall Street.

(5) Bank of England Governor Andrew Bailey says US President Donald Trump’s tariff war poses a large risk to the world economy and will not fix the trade imbalances he hopes to address.

(6) President Donald Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, the White House said Wednesday, as a temporary reprieve following pleas from industry leaders.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump took the lectern Tuesday for his primetime address beset by warning signs about the US economy, and acknowledged to Americans there could be more discomfort ahead.

(2) The Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America’s free trade agreement as soon as Wednesday, Commerce Secretary Howard Lutnick said.

(3) President Donald Trump said he received an “important letter” from Ukraine’s leader looking to smooth over a clash that erupted during a contentious Oval Office meeting, but held back from lifting a US pause on military aid or announcing a revived minerals deal.

(4) Germany will unlock hundreds of billions of euros for defense and infrastructure investments in a dramatic shift that upends its ironclad controls on government borrowing.

(5) China set a forceful economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus later this year as they confront a trade war with Donald Trump.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies, imposing one of the largest increases in US tariffs since the 1930s in a dramatic escalation of a trade war that stands to upend ties with major economic partners.

(2) China imposed tariffs as high as 15% on US goods and banned exports to some defense companies in retaliation for the Trump administration’s new levy, escalating a trade war between the world’s two largest economies.

(3) President Donald Trump said the US would impose tariffs on “external” agricultural products starting on April 2, adding another layer of threats to impose trade barriers on imported goods.

(4) Equities fluctuated as President Donald Trump’s tariffs on Canada, Mexico and China went into effect. Oil extended losses.

(5) President Donald Trump ordered a pause to all military aid to Ukraine, turning up the heat on Volodymyr Zelenskiy days after an Oval Office blowup with the Ukrainian president left support from his country’s most important ally in doubt.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK Prime Minister Keir Starmer and other European leaders used a security summit in London to demonstrate broad support for Ukraine. Behind the scenes, though, they were scrambling to get Volodymyr Zelenskiy back to the table with US President Donald Trump.

(2) Ukrainian President Volodymyr Zelenskiy said he’s willing to meet Donald Trump if the US president invites him again “to solve real problems,” adding his country is ready to accept a minerals deal that was put on hold last week.

(3) President Donald Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China, moves that would dramatically expand his push to reshape the US economy, tap new revenues and upend ties with the biggest US trading partners.

(4) President Xi Jinping heads into China’s biggest political huddle of the year with his economy finally getting back some swagger. Donald Trump’s rising tariffs will test Beijing’s ability to sustain that momentum.

(5) Jes Staley’s legal showdown over his career-ending friendship with the late sex offender Jeffrey Epstein will bring in some of the most prominent names in the City of London.

(6) Zoe Saldaña took home the Oscar for best supporting actress for her performance in the Netflix Inc. film Emilia Pérez at the 97th Academy Awards in Hollywood Sunday evening.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the February jobs report and a look at earnings from Macys and Gap.
In the UK – a preview of the 'Special European Council.'
In Asia – a look ahead to economic data in Australia, and a discussion on China’s tech rally.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A global selloff in equities worsened in Asia, while the dollar strengthened and Treasury yields edged lower as investors shunned risky bets with President Donald Trump ratcheting up tariffs.

(2) China threatened to hit back at Donald Trump’s trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world’s largest economies.

(3) President Donald Trump said he would restart long-stalled negotiations on trade with the UK, as British Prime Minister Keir Starmer heralded a “new economic deal” between the two countries.

(4) UK Prime Minister Keir Starmer left his meeting with Donald Trump with much to be satisfied about despite falling short of his top objective — obtaining an American security “backstop” to protect Ukraine from further attacks after an end to Russia’s war.

(5) President Volodymyr Zelenskiy arrives at the White House on Friday with a personal appeal to persuade Donald Trump not to sell out his country in the rush to make a peace deal with Russia.

(6) Paris’s oldest chocolate shop has occupied a street corner in the ninth arrondissement since 1761. Ownership of À la Mère de Famille has changed hands from family to family over the centuries, but it has endured through occupation and revolution thanks to the Parisian appetite for confectionery.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Nvidia, the chipmaker at the center of an AI spending boom, delivered good-but-not-great quarterly numbers on Wednesday, drawing a muted response from investors accustomed to blowout results.

(2) President Donald Trump on Wednesday gave a series of apparently contradictory answers about his plans to enact tariffs on Canada and Mexico, as well as the European Union.

(3) At home, UK Prime Minister Keir Starmer has framed his trip to meet Donald Trump as a bid to save Ukraine and the trans-Atlantic alliance. At the White House, he’ll argue that the US president needs Europe to come out a winner.

(4) US Director of National Intelligence Tulsi Gabbard called for an investigation and expressed concern after the UK government ordered Apple Inc. to build a backdoor into the global data of its customers.

(5) Chancellor of the Exchequer Rachel Reeves said the British government wants to boost commerce with the US, its biggest single-country trading partner, even as President Donald Trump threatens widespread trade tariffs.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Ukraine has agreed with the US on a deal to jointly develop its natural resources, people familiar with the matter said, a move that could ease recent tension with President Donald Trump and advance his administration’s goal of a ceasefire with Russia.

(2) Prime Minister Keir Starmer swept to power promising to raise living standards and grow the British economy. But now his premiership has an urgent and altogether different focus: preserving European security in a volatile world order upended by US President Donald Trump.

(3) President Donald Trump has signed an executive action directing the Commerce Department to examine possible copper tariffs, the latest in a string of measures aimed at imposing sector-specific levies that could reshape global supply chains.

(4) Chinese President Xi Jinping urged officials to stay composed amid domestic and global challenges, signaling Beijing will take a measured approach to the Trump administration’s new trade and investment restrictions

(5) President Donald Trump said he is starting a program to offer residency and a path to citizenship to investors who pay $5 million, offering a new avenue for legal immigration even as he carries out a sweeping crackdown on undocumented migrants.

(6) Foxtons is often seen as an entry point for aspiring real estate agents. Junior employees described unwanted touching, drunk-driving — and senior staff who either ignored inappropriate behavior or were complicit.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump deepened Washington’s split with allies over Ukraine, withdrawing US condemnation of Russia’s 2022 invasion at the United Nations and among Group of Seven countries as he aims to end the war on terms agreeable to Moscow.

(2) Germany’s chancellor-in-waiting Friedrich Merz has opened talks with the Social Democrats to quickly approve as much as €200 billion ($210 billion) in special defense spending, according to a person familiar with those discussions.

(3) Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing’s technological prowess.

(4) President Donald Trump said tariffs scheduled to hit Canada and Mexico next month were “on time” and “moving along very rapidly” following an initial delay, even as a US official cautioned the schedule could be less certain.

(5) Kate Bush, Damon Albarn and Annie Lennox are among a thousand musicians who've released a silent album to protest against artificial intelligence laws. Artists have warned government plans to change copyright law to allow AI models to train using songs could damage the sector. The record - called Is This What We Want? - features recordings of empty studios, which they say could become the reality of the music business.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Germany’s conservative opposition leader Friedrich Merz said he’ll move quickly to form a new government after he won Sunday’s federal election with a result that will require him to form a coalition.

(2) The far-right Alternative for Germany vaulted into second place on Sunday after about a fifth of voters cast their ballot for a party that’s called for a halt to migration and assailed the country’s political establishment.

(3) Germany’s highest-stakes election in years is paving the way for a pivot to increased spending, with markets predicting the end of an era for constrained fiscal policy.

(4) Two of President Donald Trump’s top advisers declined to describe Russia as the aggressor in the war in Ukraine, as the administration seeks Vladimir Putin’s support for a peace deal.

(5) UK families are tapping the equity locked up in their homes and taking out other lines of credit to meet the escalating costs of private education.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of preview PCE, and personal spending data, and Nvidia earnings.
In the UK – a preview of the next G20 summit.
In Asia – a look at the evolving relationship between Washington and Beijing.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US signaled that sanctions relief for Russia could be on the table in talks over the war in Ukraine as President Donald Trump rushes toward a deal to end the three-year conflict.

(2) Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance is some ways off, given current hurdles that include elevated inflation and the Federal Reserve’s quantitative tightening program.

(3) Israel said a body returned as part of a ceasefire agre ement with Hamas was not that of a young mother taken hostage in October 2023, as the militant group had claimed.

(4) Federal Reserve Bank of St. Louis President Alberto Musalem said policy should remain “modestly restrictive” until it’s clear inflation is on track to the central bank’s 2% target, and that he sees increased risks that progress may stall or even reverse.

(5) Citigroup is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration.

(6) As a growing chorus of bankers and politicians around the world demand the roll-back of crisis-era regulations, Nick Leeson — the former rogue derivatives trader who brought down one of the UK’s most venerated financial institutions — is starting to get worried.

Watch the full Nick Leeson interview: https://www.youtube.com/watch?v=jvqVzH__p0A

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Donald Trump said it would be possible to reach a fresh trade deal with China, signaling he is open to heading off a brewing trade fight between Washington and Beijing.

(2) The European Union is ready to discuss cutting tariffs on autos and other goods as it seeks to head off a trade war with the US, the bloc’s top trade official said Wednesday in Washington.

(3) Keir Starmer repeated his support for Volodymyr Zelenskiy in a call with the Ukrainian president on Wednesday, hours after US President Donald Trump branded him a “dictator.”

(4) South Africa President Cyril Ramaphosa’s priority as Group of 20 president is overhauling the global institutions he sees as skewed in favor of the West.

(5) The European Central Bank will soon have to discuss taking a break, or ending altogether, its campaign of interest-rate reductions, Executive Board member Isabel Schnabel told the Financial Times.

(6) Confidence among UK households slipped to a new low under the Labour government, as consumers brace for higher prices and businesses warn of a hiring hit from rising payroll taxes

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the president’s trade war.

(2) US Treasury Secretary Scott Bessent said US taxpayers don’t need to worry about the security of their private data while Elon Musk’s Department of Government Efficiency team seeks to make the federal government more efficient. The DOGE team has identified an estimated $50 billion in savings so far, Bessent said Tuesday during a Fox News interview. “So that’s a very good start.”

(3) Secretary of State Marco Rubio told European allies that the US will keep sanctions on Russia in place at least until a deal to end the Ukraine conflict is reached, even as his boss, President Donald Trump, said he’ll probably meet Vladimir Putin to discuss a settlement before the end of February.

(4) Top officials from the US and Russia met for a first round of talks over the war in Ukraine and raised the possibility of broader cooperation, signaling President Donald Trump desire to reboot a battered relationship.

(5) HSBC will incur $1.8 billion in costs over the next two years as it embarks on a global restructuring program that has seen the lender shutter some of its businesses and slash management ranks.
.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Emmanuel Macron held talks separately with Donald Trump and Volodymyr Zelenskiy on aligning with the US after the French president spearheaded an effort to bring Europe to the table for discussions on ending Russia’s war on Ukraine.

(2) Discussions are gathering pace in the European Union on how to increase defense spending, with joint financing becoming a realistic option for a growing list of leaders, according to people familiar with the matter.

(3) Trade uncertainty over US President Donald Trump’s plans to hit the European Union with tariffs is already affecting the bloc by putting a lid on investment, according to EU Economy Commissioner Valdis Dombrovskis.

(4) Some UK government departments are bracing for budget cuts of as much as 11% as Prime Minister Keir Starmer comes under mounting pressure to plough more money into defense.

(5) Fifteen people were injured, three critically, after a Delta Air Lines Inc. plane flipped and came to rest upside down after landing in windy and freezing conditions in Toronto on Monday.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Prime Minister Keir Starmer pledged to send British peacekeeping troops to Ukraine if needed as he sought to show that European nations are serious about their own defense.

(2) President Donald Trump said Ukrainian President Volodymyr Zelenskiy will be involved in peace talks with Russia, a day after top US advisers suggested the negotiations might go on without him.

(3) The US move to pull back from providing European security guarantees comes as Donald Trump said he's open to allowing Europe to buy US-made weapons to give to Ukraine. European officials are working on a major new package to increase defence spending and support Ukraine, but the plans won't be announced until after the German election this coming weekend.

(4) Germany’s plodding election campaign flared into life Sunday when the four main candidates clashed on live television, exchanging barbs a week before the ballot on topics ranging from irregular migration to the war on Ukraine and the country’s economic woes.

(5) A potential encounter this week between President Xi Jinping and e-commerce icon Jack Ma, coming after a blistering run by tech shares, could be the next catalyst to extend the rally in China’s stocks.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look at U.S housing data and earnings from the EV maker Rivian.
In the UK – a look at upcoming German elections.
In Asia – a look ahead to earnings from Alibaba and economic data in South Korea.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous trading partners, raising the prospect of a wider campaign against a global system he complains is tilted against the US.

(2) President Volodymyr Zelenskiy said that Russia’s Vladimir Putin simply can’t be trusted, which is why Ukraine needs security guarantees, particularly from the US.

(3) HSBC is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges Elhedery continues his overhaul of Europe’s biggest lender, according to people familiar with the matter.

(4) Jamie Dimon said JPMorgan Chase & Co. will scale back spending on some diversity initiatives that he sees as a waste of money, while he also reiterated the bank’s commitment to working with Black, Hispanic and LGBTQ communities.

(5) Euronext NV Chief Executive Officer Stephane Boujnah said US President Donald Trump’s return to the White House could present a boon for the pan-European bourse and regional companies, as Europe is “now perceived as a great investment opportunity.”

(6) UK Prime Minister Keir Starmer met Chinese Foreign Minister Wang Yi in London on Thursday as the two nations pursued a thaw in ties even as Europe reeled from Donald Trump’s intervention on Russia’s war in Ukraine.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump agreed in a phone call with Russian President Vladimir Putin to start negotiating an end to the war in Ukraine, sweeping aside three years of US policy and blindsiding European allies who feared the more conciliatory American stance amounted to a giveaway to the Russian leader.

(2) Federal Reserve Chair Jerome Powell said the latest consumer price data show that while the central bank has made substantial progress toward taming inflation, there is still more work to do.

(3) European Union trade chief Maros Sefcovic spoke with three top members of US President Donald Trump’s incoming administration on how to find a solution to the brewing transatlantic trade dispute.

(4)French Prime Minister Francois Bayrou survived another no-confidence vote Wednesday, clearing a key political hurdle toward implementing a delayed 2025 budget.

(5) Prime Minister Keir Starmer has lost the support of wealthy voters who helped his Labour Party secure a historic majority in last year’s UK general election, according to a new survey that lays bare the seven month-old government’s waning popularity.

(6) London-based Qube Research & Technologies has grown into a $23 billion trading powerhouse in just seven years, with a distinct approach that shuns star culture and emphasizes teamwork, and has achieved returns that make those of established hedge funds look mediocre.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Rachel Reeves faces a new risk of having to make spending cuts after the UK government’s fiscal watchdog downgraded its growth forecast, leaving Britain’s finance minister scrambling to meet her budgetary rules when a key report is published next month.

(2) UK taxpayers will end up paying £150 billion ($186 billion) to cover the total losses incurred by the Bank of England on its quantitative easing program, according to new estimates.

(3) The rise of multi-manager hedge funds poses a threat to financial stability, according to Bank of England Governor Andrew Bailey.

(4) Citadel founder Ken Griffin said he’s grateful that Elon Musk is taking time away from his companies to slash government spending but offered blunt criticisms of President Donald Trump’s rhetoric on tariffs.

(5) Hamburg, Germany's largest seaport, is a hub of activity, handling two-thirds of the country's goods, but is vulnerable to the global trade war instigated by US President Donald Trump.

(6) Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The European Union says it will respond to any tariffs the US might impose on it. The warning comes after President Trump pushed forward with his pledge to place a 25% tariff on all US steel and aluminium imports.

(2) Despite Trump's insistence that there would be 'zero exemptions'. The US President says he will "give consideration" to a carve-out for Australia. Those comments were also echoed by the country's Prime Minister Anthony Albanese, after a call between the two leaders.

(3) The growing prospect of a trade war comes as the the UK's new ambassador to the US -- Peter Mandelson -- says it's important for allies to respect Trump's electoral mandate.

(4) A group of investors led by Elon Musk has offered to buy the nonprofit that controls OpenAI for $97.4 billion, escalating a clash between the Tesla chief executive and the artificial intelligence company he co-founded.

(5) A Bank of England voting member who backed an outsized interest rate cut last week sees companies struggling to raise prices as consumers pull back on spending.

(6) Europe is teetering on the edge of its next energy crisis after natural gas prices soared to the highest in two years.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump ordered a 25% tariff on steel and aluminum imports, escalating his efforts to protect politically important US industries with levies hitting some of the country’s closest allies.

(2) President Donald Trump has agreed to consider an exemption for Australia from US tariffs on steel and aluminum following a telephone call with Prime Minister Anthony Albanese, even after he initially said there would be no exceptions from the imposts.

(3) The growing prospect of a trade war comes as the the UK's new ambassador to the US -- Peter Mandelson -- says it's important for allies to respect Trump's electoral mandate.

(4) A group of investors led by Elon Musk has offered to buy the nonprofit that controls OpenAI for $97.4 billion, escalating a clash between the Tesla chief executive and the artificial intelligence company he co-founded.

(5) A Bank of England voting member who backed an outsized interest rate cut last week sees companies struggling to raise prices as consumers pull back on spending.

(6) Europe is teetering on the edge of its next energy crisis after natural gas prices soared to the highest in two years.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump plans to impose 25% tariffs on all imports of steel and aluminium into the US, broadening his trade salvo and threatening ties with some of the country’s top trading partners.

(2) Donald Trump suggested that Elon Musk’s government efficiency team has found irregularities while examining data at the US Treasury Department, and intimated that may lead the US to disregard some payments.

(3) BP's dramatic under-performance compared with other oil majors has reached a crunch point — a looming showdown with one of the world’s most aggressive activist investors.

(4) British workers are increasingly worried about losing their jobs, and it’s preventing the economy from benefiting from a potential uplift in consumer spending.

(5) France is set to announce a total of €109 billion ($113 billion) in investment in artificial intelligence projects in the country by companies, funds and other sources over the coming years, President Emmanuel Macron said on the eve of a two-day AI summit in Paris.

(6) The Philadelphia Eagles are Super Bowl champions. They defeated the Kansas City Chiefs 40-22 in New Orleans. The win denies the Chiefs a third consecutive victory in American Football's showpiece event.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look at U.S CPI and Retail sales data, along with quarterly earnings from McDonalds.
In the UK – a look at a summit on artificial intelligence taking place in Paris.
In Asia – a look at the potential fallout of Donald Trump's trade war with China.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Bank of England Governor Andrew Bailey does “very strongly agree” with Chancellor of the Exchequer Rachel Reeves’ plans to boost UK growth. His deputy, Clare Lombardelli, is also “very supportive.” They may well be, but the central bank’s latest forecasts are certainly not.

(2) The rush to ship gold from London to the US to take advantage of premium prices is fuelling strong demand for slots to withdraw metal from the Bank of England’s vault, an official said.

(3) US Treasury Secretary Scott Bessent said he favors a strong dollar and has no plans to alter the government’s debt-issuance plans, showing a cautious approach toward financial markets from an administration that’s elsewhere rapidly upending the status quo.

(4) The Trump administration’s campaign to root out perceived disloyalty or waste at the Justice Department, the US Agency for International Development and other federal agencies has lawmakers and former senior spy officials worried that the intelligence community is up next for a purge.

(5) Amazon warned investors that it could face capacity constraints in its cloud computing division despite plans to invest some $100 billion this year, with most of the money going toward data centres, homegrown chips and other equipment to provide artificial intelligence services.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US allies expect President Donald Trump’s administration to present a long-awaited plan to end Russia’s war on Ukraine at the Munich Security Conference in Germany next week, according to people familiar with the matter.

(2) Aides to President Donald Trump sought to tone down his idea of depopulating and taking over Gaza after his suggestion that the US would “own” the war-ravaged territory was welcomed in Israel but widely condemned elsewhere.

(3) Alphabet's Google told employees that it will no longer formally seek to improve the diversity of its workforce, marking the latest step in Silicon Valley’s retreat from initiatives that have fallen out of favour during US President Donald Trump’s administration.

(4) Treasury Secretary Scott Bessent said the Trump administration’s focus with regard to bringing down borrowing costs is 10-year Treasury yields, rather than the Federal Reserve’s benchmark short-term interest rate.

(5) The Bank of England is expected to cut interest rates for a third time on Thursday while downgrading its UK growth forecasts and predicting higher inflation this year in a report that will make uncomfortable reading for Chancellor of the Exchequer Rachel Reeves.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump said the US should take control of the devastated Gaza Strip, shunt the area’s residents to other countries and rebuild it into a new “Riviera,” a proposal at odds with America’s fraught history in the region and that drew sharp opposition from Saudi Arabia.

(2) The first volleys in the latest US-China trade war made clear that Xi Jinping is taking a more cautious approach than during Donald Trump’s first term.

(3) At least 10 people, including the gunman, were killed Tuesday at an adult education center in what Sweden’s prime minister called the country’s worst mass shooting. But a final death toll, a conclusive number of wounded and a motive hadn’t yet been determined hours later.

(4) French Prime Minister Francois Bayrou is set to ride out two no-confidence votes on Wednesday, giving him the stability needed to implement a delayed 2025 budget.

(5) Google parent Alphabet Inc. posted fourth-quarter revenue that missed analysts’ expectations after growth in its cloud business slowed, raising concern from investors about the billions the company is spending on artificial intelligence.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) China slapped tariffs on a range of US products and announced a probe into Google moments after President Donald Trump imposed a 10% tariff on goods from Beijing, reigniting a trade war between the world’s largest economies.

(2) President Donald Trump agreed to delay 25% tariffs on Canada and Mexico for a month after both US neighbors agreed to take tougher measures to combat migration and drug trafficking at the border, warding off a continental trade war for now.

(3) Prime Minister Keir Starmer had hoped to spend Monday marking a new milestone in the UK’s much-promised reset with European Union five years after Brexit. Instead, he received a dramatic reminder of how much harder that will be with Donald Trump back in the White House.

(4) French Prime Minister Francois Bayrou forced the adoption of a 2025 budget bill by bypassing the lower house of parliament on Monday, using a constitutional provision that will likely trigger a no-confidence vote.

(5) UBS Group for the final quarter of 2024 beat expectations, aiding the Swiss bank in boosting buyback plans for this year to $3 billion. BNP Paribas announced a new share buyback and higher-than-expected dividend after a surge in trading revenue in the final months of last year lifted profit above its targets.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump’s upcoming 25% tariffs on goods from Canada and Mexico and 10% duties on products from China are set to ricochet through households, raising prices for a wide range of items including vegetables, fruits and cars.

(2) Mexican President Claudia Sheinbaum said she will announce early Monday the details of her government’s “Plan B” to defend the country against US tariffs.

(3) As the leaders of Canada and Mexico rushed to respond after Donald Trump started a new trade war, Chinese President Xi Jinping took a breath before his nation announced any concrete retaliation.

(4) US President Donald Trump ramped up his tariff threats to the European Union while saying he would speak with the leaders of Canada and Mexico, as stock markets sank following a hectic weekend that saw prospects for a trade war turn into reality.

(5) Panama promised free passage for US warships through the Panama Canal and said it will withdraw from China’s signature lending program after Secretary of State Marco Rubio blasted the government during his visit on Sunday.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US: We look ahead to the January Jobs report and preview some big tech earnings we're watching
In the UK: We look ahead to the BOE rate decision
In Asia: We detail the future of China's DeepSeek AI

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump’s renewed pledges to slap 25% tariffs on imports from Canada and Mexico on Feb. 1 jolted foreign exchange markets late in the New York trading session, sending currencies from both countries plunging against the US dollar.

(2) The US Army Black Hawk helicopter that collided with a passenger jet over Washington on Wednesday evening was manned by an experienced three-person crew conducting a routine training flight over familiar territory, a service official told reporters Thursday.

(3) US officials are probing whether Chinese AI startup DeepSeek bought advanced Nvidia Corp. semiconductors through third parties in Singapore, circumventing US restrictions on sales of chips used for artificial intelligence tasks, people familiar with the matter said.

(4) Apple gave a reassuring revenue forecast for the current quarter, helping boost shares of the world’s most valuable company after its holiday results showed jarring declines for China and the iPhone.

(5) Women trust the Bank of England less than men and feel more squeezed by cost-of-living shocks, new research shows, underlining the challenge facing the central bank to improve its public reputation.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A regional jet flown for American Airlines Group Inc. collided in a deadly midair crash with a military helicopter as it flew into Ronald Reagan Washington National Airport, prompting a search and rescue operation for any survivors in the Potomac River.

(2) Federal Reserve Chair Jerome Powell made clear the US central bank intends to hold interest rates where they are for the foreseeable future, pointing to a number of reasons why he and his colleagues expect to take their time before lowering borrowing costs again.

(3) Tesla has revealed plans to begin robotaxi operations and forecast a sales recovery this year, fueling what Elon Musk predicted would be an “epic” period of growth for the electric vehicle maker.

(4) Chancellor of the Exchequer Rachel Reeves threw her weight behind a controversial third runway at Heathrow Airport, part of the Labour government’s effort to revive growth by waving through long-delayed infrastructure projects.

(5) Microsoft said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to build enough data centers to handle demand for its artificial intelligence products.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Rachel Reeves will pledge to go “further and faster” to boost the UK economy by unblocking new infrastructure projects, as she seeks to lure investors and win back business support after a rocky start to her tenure as Chancellor of the Exchequer.

(2) Microsoft and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorized manner by a group linked to Chinese artificial intelligence startup DeepSeek, according to people familiar with the matter.

(3) Apple has been secretly working with SpaceX and T-Mobile US Inc. to add support for the Starlink network in its latest iPhone software, providing an alternative to the company’s in-house satellite-communication service.The companies have been testing iPhones with the Starlink.

(4) President Trump's surprise announcement to halt trillions of dollars in federal spending sparked panic in Washington and among local officials across the country.

(5) Bernard Arnault said a wind of optimism is blowing through the US after Donald Trump’s inauguration as president, in contrast to his native France, where the government is seeking to raise corporate taxes and unemployment is increasing.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A Chinese AI startup called DeepSeek has released a new open-source AI model called R1 that can mimic human reasoning, rivalling or outperforming leading US developers on industry benchmarks.

(2) Nvidia's plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from the world’s largest company.

(3) President Donald Trump said he wants to enact across-the-board tariffs that are “much bigger” than 2.5%, the latest in a string of signals Monday that he’s preparing widespread levies to reshape US supply chains.

(4) The US Senate confirmed Scott Bessent as the next secretary of the Treasury, becoming the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing.

(5) The UK plans to allow companies to invest pension funds surpluses in order to unlock billions of pounds to help drive economic growth, Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves will tell executives at some of Britain’s biggest firms on Tuesday.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK Prime Minister Keir Starmer and US President Donald Trump discussed trade in their first conversation since Trump re-entered the White House. They also agreed to “meet soon.”

(2) Business activity has slumped at British firms and profit warnings have risen, according to two reports that say each trend is the worst it’s been since the pandemic.

(3) The Colombian government has agreed to all of President Donald Trump’s terms, including the unrestricted acceptance of all undocumented immigrants from Colombia returned from the US, without limitation or delay, according to a White House Press Secretary statement.

(4) Four weeks before Germany’s snap election, the political temperature is rising as the campaign shifts onto the contentious terrain of migration and Elon Musk steps up his support for the far-right AfD party.

(5) Chinese AI startup DeepSeek's new model raises questions about America's technological dominance and the high valuations of companies like Nvidia.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of next week’s Fed decision and U.S tech earnings.
In the UK – a preview of next week’s ECB decision.
In Asia – a preview of next week’s RBA decision and a look at U.S-China trade relations.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump said he’d prefer not to have to impose tariffs on China, his latest dovish remark toward the world’s second-biggest economy even as he continues to threaten sweeping action.

(2) President Donald Trump signed executive actions related to cryptocurrency and artificial intelligence, moves that could bolster two nascent industries.

(3) US President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil,” casting the push for more crude output as a way to heighten pressure on Russia and help end the nearly three-year war in Ukraine.

(4) The Bank of Japan raised its key policy rate Friday to the highest level in 17 years and took a more bullish view on the strength of inflation, fueling expectations for more rate hikes and supporting the yen.

(5) UK household confidence tumbled to the lowest since before Labour returned to power as the fallout from Chancellor Rachel Reeves’ budget continued into the new year.

(6) Millions of people are being told to stay home in the north of the UK due to a life-threatening storm. The UK's weather service has issued its most severe 'red' warning in Northern Ireland and parts of Scotland, with the rest of the country under either amber or yellow alerts.Monte Paschi offers to buy Mediobanca in an all share deal.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Volodymyr Zelenskiy said any effective peacekeeping force deployed in Ukraine will need to include US troops, as he appealed to Donald Trump ahead of talks with Russia.

(2) A Russian spy ship entered British waters twice in recent weeks, prompting the UK to deploy Royal Navy ships, Royal Air Force planes and a submarine, Defence Secretary John Healey said.

(3) President Donald Trump downplayed the national security risk posed by TikTok in an interview with Fox News on Wednesday, days after offering the social video app a reprieve from legislation that would have forced it to shut down.

(4) Bloomberg Economics says there are good reasons to think recessions will be more frequent in Britain in coming years.

(5) Fire crews are making progress on blunting the threat from an enormous new blaze north of Los Angeles that forced students to evacuate and prompted inmates to shelter in place.

(6) Elon Musk openly questioned whether companies that joined President Donald Trump’s announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises, exposing an early internal rift within the White House.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump said his threat to hit China with 10% tariffs on all imports was still on the table and indicated it could come as soon as next month.

(2) SoftBank, OpenAI, and Oracle are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

(3) President Donald Trump says he’s likely to impose sanctions on Russia if President Vladimir Putin doesn’t come to the table to negotiate on Ukraine, during remarks at the White House.

(4) Netflix closed 2024 with its biggest quarterly subscriber gain in history, buoyed by its first major live sporting events and the return of Squid Game.

(5) The UK government has ousted the chair of the Competition and Markets Authority, Britain’s antitrust watchdog, as ministers seek to reinforce the message that they want regulators to do more to facilitate economic growth.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he planned to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, reiterating his contention that America’s two immediate neighbors are letting undocumented migrants and drugs flood into the country.

(2) President Donald Trump held off unveiling China-specific tariffs on his first day in office, instead ordering his administration to address unfair trade practices globally and investigate whether Beijing had complied with a deal signed during his first term.

(3) President Donald Trump temporarily halted a ban on TikTok in the US, granting the company and its Chinese parent ByteDance Ltd. more time to reach a deal for the popular app that would resolve long-standing US national security concerns.

(4) Donald Trump pardoned almost all of the people convicted for participating in the Jan. 6, 2021, attack on the US Capitol and ordered charges dropped in any pending cases, fulfilling a controversial campaign promise just hours after he returned to the White House.

(5) President Donald Trump wasted little time taking action on two culturally controversial issues he campaigned on, signing executive orders ending federal diversity programs and restricting gender definition to two sexes — male and female.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President-elect Donald Trump will sign close to 100 executive orders within hours of taking office, he says at a pre-inauguration dinner in Washington DC.

(2) A long-delayed ceasefire in the Gaza war began taking hold as Hamas released three hostages on Sunday in exchange for 90 Palestinians held in Israeli prisons.

(3) Donald Trump pledged to delay enforcement of a national security law that threatened to ban TikTok. Yet it’s not clear whether the app’s Chinese parent is able — or willing — to secure a US backer in time to avoid a permanent shutdown.

(4) Hedge funds have long been regarded as notoriously expensive. New research reveals just how costly they truly are for their clients.

(5) Asking prices for UK homes jumped by the most in over one-and-a-half years at the start of 2025, a sign of resilient confidence in the property market, according to Rightmove.

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of what comes next for the U.S economy when Donald Trump takes office, and Netflix earnings.
In the UK – a preview of the World Economic Forum in Davos.
In Asia - a preview on whether Donald Trump will make good on his threats toward China.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Israel’s Prime Minister Benjamin Netanyahu said an agreement with Hamas to pause the war in Gaza has been finalized, suggesting it’s on track to begin on Sunday.

(2) China’s economy hit the government’s growth goal last year after an 11th hour stimulus blitz and export boom turbocharged activity, although looming US tariffs threaten to take away a key driver of expansion.

(3) Nigel Farage said Reform UK isn’t anti-immigration and advocated a mixture of tax and spending cuts as he sought to put a more moderate face on his insurgent party in a bid to take it from the political fringes to challenge for power.

(4) Rio Tinto and Glencore have been discussing combining their businesses, which if successful would rank as the largest-ever mining deal and create a behemoth to rival longstanding leader BHP.

(5) Treasury Secretary nominee Scott Bessent is on track to be confirmed following a confirmation hearing Thursday lacking the theatrics some of his would-be Trump administration colleagues have faced, with questions largely keeping to policy issues like the federal budget and trade tariffs.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israeli Prime Minister Benjamin Netanyahu accused Hamas of reneging on parts of a ceasefire agreement that looked set to pause more than 15 months of fighting in Gaza, risking completion of the long-awaited deal.

(2) Britain’s economy narrowly returned to growth in November but fell short of expectations as the UK struggles to shake off concerns that the country is in the grip of stagflation.

(3) Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

(4) President Joe Biden warned Americans of a “dangerous concentration of power” in the hands of a “very few ultra-wealthy people” and the impact he feared it would have on the country’s democracy as he delivered a farewell address Wednesday from the Oval Office.

(5) The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week already has officials worried.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel and Hamas agreed to a ceasefire deal that calls for releasing dozens of hostages and bringing a temporary halt to the war in the Gaza Strip that has killed tens of thousands of people in the last 15 months and touched off broader turmoil across the Middle East.

(2) Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

(3) Chancellor of the Exchequer Rachel Reeves has emerged relatively unscathed from a series of high-stakes public tests this week in the UK. Her next challenge will be proving to investors that she can shore up her battered economic agenda.

(4) President Joe Biden warned Americans of a “dangerous concentration of power” in the hands of a “very few ultra-wealthy people” and the impact he feared it would have on the country’s democracy as he delivered a farewell address Wednesday from the Oval Office.

(5) The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week already has officials worried.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) South Korean investigators arrested President Yoon Suk Yeol on Wednesday after launching a pre-dawn operation to bring the impeached leader in for questioning over his short-lived martial law declaration.

(2) The UK’s City minister Tulip Siddiq resigned from the government following an ethics review into allegations around her use and receipt of properties linked to the ousted Bangladeshi regime.

(3) Forecasters expect a monthly report on US consumer prices to show a fifth month of firm increases, bolstering the case for an extended pause in Federal Reserve interest-rate cuts.

(4) The European Central Bank is pushing back against investors who reckon firmer inflation, a surprisingly sturdy US jobs market and Donald Trump’s economic disruption will narrow the scope to lower interest rates.

(5) Hot, dry winds are pummeling Los Angeles and surrounding areas of Southern California, raising wildfire risks through at least Wednesday as the region reels from blazes that have killed at least 24 people and burned neighborhoods to the ground.

(6) The Biden administration is planning to impose tough new rules on exporting advanced chips to China. Bloomberg has learned the White House intends to announce the measures in the last few days of the current presidency.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The UK is set to get an indication of investor appetite for gilts, with its first bond sale since turmoil gripped the market last week.

(2) UK Prime Minister Keir Starmer said he has “full confidence” in Chancellor of the Exchequer Rachel Reeves and stressed that his government would stick to its fiscal rules in response to a surge in UK borrowing costs.

(3) Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.

(4) The European Union is considering expanding its investigation into whether Elon Musk’s X social network breached its content moderation rulebook, the bloc’s top digital official said.

(5) Southern California is facing another round of dangerous fire weather, as crews struggle to contain wind-driven blazes that have paralyzed Los Angeles for nearly a week and killed at least 24 people.

(6) Members of President-elect Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month, a gradual approach aimed at boosting negotiating leverage while helping avoid a spike in inflation, according to people familiar with the matter.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves returns to the UK from China on Monday with the Labour Party keen to brush off market turmoil around its fiscal difficulties and emphasise the government’s long-term ambitions.

(2) Traders in the options market are preparing for the pound to tumble as much as 8% more as fiscal woes that prompted a painful selloff across UK markets last week weigh on the currency.

(3) At least two rounds of vicious, dry Santa Ana winds are expected to blast through Southern California early this week, bringing powerful gusts that will challenge fire crews struggling to contain two destructive blazes and likely force thousands more residents to evacuate.

(4) JPMorgan's Jamie Dimon said that tariffs, if properly used, can help resolve issues such as unfair competition and national security.

(5) Amazon-founder and billionaire Jeff Bezos said the space industry has room for “multiple winners,” including his own firm Blue Origin LLC and the company it most hopes to challenge, Elon Musk’s SpaceX.

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look at U.S eco data and bank earnings next week.
In the UK – a focus on a UK asset slump and what may come next.
In Asia – a look at BYD and the EV sector and what comes next in the U.S, Nippon Steel saga.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK Chancellor Rachel Reeves is struggling to maintain financial market confidence, with the 10-year gilt yield rising to its highest since 2008 and the pound falling to its weakest in over a year.

(2) Chancellor of the Exchequer Rachel Reeves will become the most senior British official to visit Beijing in 7 years this weekend as she embarks on a mission to deepen economic ties with China against the backdrop of UK market turmoil that threatens to undermine her plans to spur growth domestically.

(3) Britain’s market upheaval has put the spotlight on its Labour government this week, but economists say the Bank of England will also have to rise to the occasion by slowing interest rate cuts.

(4) The wildfires across Los Angeles have razed homes and businesses, and forced about 180,000 residents to flee. Economic losses have been estimated at $135 billion to $150 billion by AccuWeather Inc., which would rank among the costliest natural disasters in modern US history.

(5) Atop Wall Street’s largest investment banks, executives are locking in plans to award traders and dealmakers their biggest bonus increases since the pandemic, with 10% hikes — or more — coming for many desks, according to people briefed on the plans.

(6) Donald Trump’s obsession with Greenland has put the world’s largest island in an unexpected position of power. Greenland's push for independence from Denmark is intensifying, with a general election in the next three months that could see the territory play the US and Denmark off each other.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Plunging UK markets are serving a fresh warning about the British economy and heaping pressure on Keir Starmer’s embattled Labour government.

(2) Britain’s latest bond turmoil has drawn comparisons with the Liz Truss mini-budget debacle of 2022 but a parallel with the debt crisis of the 1970s might be more apt.

(3) The 92 global banks in Bloomberg Intelligence's coverage may see a 12-17% ($120-$180 billion) lift to 2027 pretax profit as artificial intelligence powers productivity gains, based on our survey of chief information and technology officers. Job cuts could reach 200,000 in 3-5 years, applying the 3% average expected cut cited in the anonymous survey to the group.

(4) The selloffs that keep flaring in the world’s bond markets are pushing yields toward key thresholds amid escalating worries about elevated inflation, tempestuous politics and swelling government debts.

(5) Los Angeles plunged into its worst natural disaster in decades as wildfires driven by hurricane-strength wind gusts tore through prosperous neighborhoods, killed at least five people and forced more than 100,000 residents to flee.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) In the space of an hour, President-elect Donald Trump called for absorbing Canada, declined to rule out using military force to seize the Panama Canal and Greenland, demanded NATO allies spend 5% of GDP on defense and vowed “all hell would break loose” in the Middle East if Hamas doesn’t release Israeli hostages before he takes office.

(2) President-elect Donald Trump said NATO nations should spend the equivalent of 5% of their economic output on defense, escalating his demands on European allies to more than double the current target.

(3) The sister of Sam Altman accused the OpenAI chief executive officer of sexually abusing her for almost a decade, in a lawsuit filed in federal court.

(4) Borrowers are flooding global debt markets at an unprecedented pace as they take advantage of demand from credit-hungry managers flush with cash.

(5) A British politician said he had “almost zero confidence” in the integrity of Shein’s supply chain following a heated exchange with a representative of the fast-fashion retailer in London.

(6) JPMorgan Chase is preparing to tell all its employees to return to the office five days a week, ending a hybrid-work option for thousands of staff and returning to the attendance policy that was in place before the pandemic.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Mark Carney, the former governor of the Bank of Canada and Bank of England, said he’s considering entering the race to replace Justin Trudeau as Canada’s prime minister.

(2) Senior politicians in three of Britain’s biggest parties have privately urged Donald Trump’s allies to reconsider his relationship with Elon Musk, after the billionaire Tesla boss made a series of increasingly inflammatory remarks about UK politics, including endorsing a figure on the far right.

(3) The UK’s long-term borrowing costs have come close to their highest level in more than a quarter of a century, ramping up pressure on Chancellor of the Exchequer Rachel Reeves to keep the market on side ahead of a raft of bond sales this week.

(4) The US has blacklisted Tencent and Contemporary Amperex Technology Ltd. for alleged links to the Chinese military, targeting the world’s biggest gaming publisher and top electric-vehicle battery maker in a surprise move weeks before Donald Trump takes office.

(5) Bridgewater Associates dismissed 7% of its workforce Monday as the world’s biggest hedge fund seeks to remain lean and maintain the flexibility to hire top talent, according to a person familiar with the matter.

(6) Germany's plan to become a semiconductor superpower is struggling after Intel halted a €30 billion investment in Magdeburg.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Prime Minister Keir Starmer got a taste of the topsy-turvy politics of the coming Trump era as his government spent the weekend defending itself from attacks from Elon Musk, only to see the billionaire provocateur turn on his erstwhile British ally, Nigel Farage.

(2) UK business confidence has dropped to its lowest level since former Conservative Prime Minister Liz Truss’s disastrous mini-budget more than two years ago, according to a survey by the British Chambers of Commerce that echoes concerns over the current Labour government’s tax hikes.

(3) In his most wide-ranging interview as chief executive officer, Altman explains his infamous four-day firing, how he actually runs OpenAI, his plans for the Trump-Musk presidency and his relentless pursuit of artificial general intelligence—the still-theoretical next phase of AI, in which machines will be capable of performing any intellectual task a human can do.

(4) More than three months after winning the most seats at federal elections, far-right leader Herbert Kickl is on track to become the Freedom Party’s first Austrian chancellor in a tie-up with the conservative People’s Party.

(5) Justin Trudeau is expected to announce his resignation as leader of Canada’s Liberal Party this week, the Globe and Mail reported, a move that would trigger a contest to replace him as prime minister.

(6) The war risk insurance market is reaching new heights due to flaring geopolitical tensions and persistent piracy, with premiums estimated to generate up to $1 billion a year.

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the December jobs report and Delta Airlines earnings.
In the UK – a preview of the food and culture scene in the UK next year.
In Asia – a preview of what to expect from China’s economy and the automobile sector in 2025.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Investigators say they haven’t found evidence linking separate deadly attacks in New Orleans and Las Vegas, as the FBI continues to probe two incidents that rattled Americans as they rang in 2025.

(2) South Korean anti-corruption investigators failed to arrest impeached President Yoon Suk Yeol after facing resistance from his security team and about a thousand protesters gathered outside his residence.

(3) President Joe Biden has decided to officially block Nippon Steel's proposed purchase of U.S. Steel, a once-iconic American company whose sale to a foreign buyer he publicly opposed for months, according to two administration officials who were not authorized to speak publicly about the matter.

(4) Meta says Nick Clegg will step down as president of global affairs and named his deputy, Joel Kaplan, as policy chief, elevating a longtime executive with staunch Republican ties ahead of Trump’s second inauguration as US president.

(5) China is planning tougher scrutiny on exports of technology to make battery materials, as Beijing looks to protect its grip on a crucial supply chain amid rising global trade tensions.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) A gruesome attack on revelers celebrating New Year’s in New Orleans thrust US domestic security back into the spotlight less than a month before Donald Trump is sworn in as president.

(2) Authorities are investigating a Tesla Cybertruck explosion outside the Trump Las Vegas hotel on Wednesday as a potential act of terror.

(3) Speaking to reporters Wednesday evening, Biden offered condolences to victims’ families and said authorities were probing if there were any links between the incidents.

(4) The European Central Bank’s 2% inflation target is in sight, according to President Christine Lagarde.

(5) Wall Street predictions for the year ahead are usually defined by expectations for growth, inflation and other dull-but-worthy economic indicators. For 2025, those are all overshadowed by a person — and he is anything but dull.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday.

(2) China’s services activity expanded at the fastest pace in nine months while the manufacturing sector grew for a third straight month, signaling improving domestic demand after Beijing’s stimulus blitz.

(3) European gas prices are up about 45% this year, adding to the burden on households and industry as they strive to recover from the worst cost-of-living crisis in decades. There’s likely to be more to come with Russian gas flows due to cease on Jan. 1.

(4) German Chancellor Olaf Scholz and his deputy, Robert Habeck, used their New Year addresses to castigate Elon Musk over his backing for a far-right party in February’s snap election.

(5) Former HSBC Holdings Plc Chief Executive Officer Noel Quinn was knighted in the UK’s prestigious New Year Honors list, joining London Mayor Sadiq Khan and Gareth Southgate, who served as the England men’s football team manager until earlier this year, in earning top awards.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Jimmy Carter, the former Georgia peanut farmer who as US president brokered a historic and lasting peace accord between Israel and Egypt in a single term marred by soaring inflation, an oil shortage and Iran’s holding of American hostages, has died. He was 100.

(2) Investigators probing the cause of the worst civil aviation accident ever in South Korea will focus on a bird strike and the unusual landing-gear failure in the final moments of the fateful flight that left all but two of the 181 occupants of the Boeing Co. 737 jet dead.

(3) South Korean police sought a warrant on Monday to arrest President Yoon Suk Yeol after the impeached leader repeatedly defied summons to appear for questioning over his martial law declaration.

(4) Britain’s ruling Labour Party would lose nearly 200 seats if elections were held today as the populist Reform UK Party surges, according to a Sunday Times poll.

(5) Elon Musk reiterated his support for the far-right Alternative for Germany party, or AfD, in a newspaper opinion piece published less than two months before Germans go to the polls.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look at what the Federal Reserve accomplished in 2024 and what to expect in 2025.
In the UK – a look at what's on the horizon for Europe's stock market.
In Asia – a look at some of the potential themes for Asian markets in the year ahead.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Azerbaijan Airlines’ Embraer SA 190 aircraft was damaged by Russian air defense systems near Grozny before it crashed in Kazakhstan during an attempted emergency landing, according to Azerbaijan government-backed Caliber news website.

(2) Israel struck multiple targets in Yemen it said were controlled by Houthis, the last of the Iran-backed groups still fully engaged in the regional war that began 14 months ago.

(3) The Bank of Japan signaled that a rate hike next month still remains on the table even as cautious views among the majority swayed the stand-pat decision at a policy meeting last week.

(4) Membership for the populist Reform UK party has surpassed that of the Conservatives, according to the party led by Nigel Farage.

(5) Apple is seeking to fight the US over a proposal in its monopoly case against Alphabet Inc.’s Google that would prohibit the search giant from entering into commercial deals with the iPhone maker.

(6) A less-than-perfect debut for the new season of Netflix’s blockbuster series Squid Game sent shares of related South Korean companies sharply lower Friday.

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In this Christmas Day special edition of Bloomberg Daybreak with Nathan Hager:

Tom Porcelli, Chief US Economist at PGIM Fixed Income, discusses what the Fed will do in 2025.
Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets and Cameron Dawson, the Chief Investment Officer at NewEdge Wealth, break down what we can expect in equities
Burt Flickinger, the Managing Director at Strategic Resource Group, brings us the winners and losers of the 2024 holiday retail season.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French Prime Minister Francois Bayrou said he aimed to reach an agreement with parliament on a 2025 budget that would reduce the country’s deficit to close to 5%, near the level his predecessor unsuccessfully tried to reach.

(2) Honda sketched plans for a drawn-out deal that amounts to an acquisition of Nissan, as Japan’s automakers struggle to keep up in an increasingly competitive global car industry.

(3) German President Frank-Walter Steinmeier used his traditional Christmas address to urge citizens to focus on what unites the nation rather than be consumed by grief and horror over Friday’s fatal attack in Magdeburg.

(4) Luigi Mangione pleaded not guilty to New York state murder charges over the shooting of a top UnitedHealth Group executive, as his lawyer expressed concern about getting a fair trial in the high-profile case.

(5) House investigators found “substantial evidence” former Representative Matt Gaetz paid several women — including a 17-year-old girl — for sex and bought and used illegal drugs while in Congress, according to a bipartisan committee report released Monday.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Panama’s president rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that sovereignty over the waterway isn’t negotiable.

(2) Donald Trump said Sunday that he will be president of the US — not Elon Musk.

(3) French Prime Minister Francois Bayrou is running out of time to meet his self-imposed deadline to name a new cabinet that won’t be quickly toppled by a no-confidence vote in parliament.

(4) UK private sector activity is set for a “steep” decline in the next three months, the Confederation of British Industry said, putting immediate pressure on Chancellor of the Exchequer Rachel Reeves to show she can deliver economic growth in the new year.

(5) The same kind of survey failures that have left the UK unsure about the number of people in Britain’s workforce are now raising doubts about the size of its economy.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Panama’s president rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that sovereignty over the waterway isn’t negotiable.

(2) Donald Trump said Sunday that he will be president of the US — not Elon Musk.

(3) French Prime Minister Francois Bayrou is running out of time to meet his self-imposed deadline to name a new cabinet that won’t be quickly toppled by a no-confidence vote in parliament.

(4) UK private sector activity is set for a “steep” decline in the next three months, the Confederation of British Industry said, putting immediate pressure on Chancellor of the Exchequer Rachel Reeves to show she can deliver economic growth in the new year.

(5) The same kind of survey failures that have left the UK unsure about the number of people in Britain’s workforce are now raising doubts about the size of its economy.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of new home sales and retail outlook.
In the UK – a look at what’s on the horizon for the European stock markets.
In Asia – a look at Softbank’s pledge to invest $100 billion in the U-S over the next four years, and a look at a potential merger between Honda and Nissan.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Republican-led House rejected a temporary funding plan backed by President-elect Donald Trump on Thursday with just over 24 hours to go before a US government shutdown.

(2) Prime Minister Keir Starmer’s government is talking to Britain’s election watchdog about tougher rules on political donations, amid fears that Reform UK leader Nigel Farage may secure funding from Elon Musk.

(3) Prime Minister Keir Starmer is set to appoint Peter Mandelson, a veteran Labour Party figure and trade specialist, as the UK’s ambassador to the US, in an effort to spare Britain from being hit by tariffs by Donald Trump.

(4) For most of the UK’s inflation shock over the past two years, Bank of England policy reacted to swings in wage and prices data. Now it’s leaning much more prominently on its own forecasts.

(5) The UK recorded its worst November car production numbers in 44 years amid weak demand both in Britain and across Europe.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs.

(2) The Bank of Japan kept its monetary policy settings unchanged as it waits a little longer before its next move, with a dissenter’s proposed rate increase suggesting momentum for another hike is building.

(3) The Bank of England is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious message to investors as the specter of stagflation — anemic growth and sticky inflation — hangs over the British economy.

(4) The UK’s minimum wage has been pushed up by 14 pence (18 cents) an hour as a result of changes to a faulty methodology in statistics that underpin the rate.

(5) Ukrainian President Volodymyr Zelenskiy said he’ll reinforce his push for security guarantees at a meeting with NATO Secretary General Mark Rutte and several European leaders in Brussels.

(6) Barclays s set to increase annual bonuses by as much as 20% in its investment bank after an improved year for traders and advisory teams.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Honda and Nissan are exploring a merger, according to people familiar with the matter, that would create a singular rival to Toyota in Japan and better position the combined company to face competitive challenges around the world.

(2) Federal Reserve officials are likely to lower borrowing costs for a third-straight meeting this week while also signaling fewer interest-rate cuts next year than previously projected.

(3) First it was a collapse in the currency. Now the rest of Brazil’s financial markets are in the cross-hairs as investors lose faith in the government’s ability to contain a deepening fiscal crisis.

(4) UK government borrowing costs rose to the highest level in decades relative to Germany’s, as traders grew increasingly skeptical over how much more easing the Bank of England will manage to deliver next year.

(5) The UK government risks baking in higher energy costs for consumers as it pushes to meet a challenging — and upgraded — target to decarbonize the country’s power supply by 2030.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The majority of Britain’s biggest listed companies will together account for less than 3% of the revenue raised by Labour‘s increased payroll tax, Bloomberg analysis shows, despite Prime Minister Keir Starmer’s promise to target “those with the broadest shoulders.”

(2) Prime Minister Keir Starmer’s plan to boost ties with Beijing faces new hurdles after a Chinese businessman’s close links to Prince Andrew spurred demands for tougher restrictions on China’s operatives in the UK.

(3) President-elect Donald Trump said Ukraine needs to reach a deal to end the Russian invasion and downplayed the value of occupied land, in the latest signal he may push for a settlement that codifies Russian territorial gains.

(4) Donald Trump failed to convince a judge to set aside his conviction in the New York hush money case on presidential immunity grounds, though it’s unclear if the case will still proceed to sentencing as the president-elect continues to challenge the verdict.

(5) Germany is headed for months of political deadlock as voters return to the ballot box for another federal election in February and with coalition negotiations potentially lasting several months after that.

(6) The Bank of France cut its domestic growth outlook just days after President Emmanuel Macron named the country’s fourth prime minister in a year, with the central bank citing the political upheaval as a drag on household and business confidence.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Germany's Chancellor Olaf Scholz will submit to a parliamentary vote of confidence today, which he intends to lose, triggering an early election on the 23rd of February. The country's economy is now 5% smaller than it would have been if the pre-pandemic growth trend had been maintained.

(2) France’s Prime Minister Francois Bayrou will meet with far-right leader Marine Le Pen on Monday, kicking off an effort to form a government that can push a budget through a divided Parliament.

(3) UK Chancellor Rachel Reeves is resisting calls from English mayors to extend their revenue-raising abilities, an awkward clash that comes as her government launches its plan to extend more powers to local leaders.

(4) French TV network Canal+ is set to become the largest listing on London's stock market in two years. Analysts expect the company will float with a 5 billion pound valuation when the market opens.

(5) China’s retail sales growth unexpectedly weakened in November despite signs of improvement in the housing market, highlighting the urgency for Beijing to further encourage residents to spend..

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of next week’s Fed decision and earnings from Nike.
In the UK – a preview of the Bank of England’s monetary policy decision.
In Asia – a look ahead to upcoming economic data in China.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French President Emmanuel Macron will name a new prime minister this morning via a statement, his office said on Thursday evening.

(2) Klarna Chief Executive Officer Sebastian Siemiatkowski said his company was able to stop hiring a year ago as it invested in artificial intelligence that’s doing the work of hundreds of staff across the firm.

(3) European Central Bank policymakers expect to cut interest rates by another quarter point in January and probably also in March as inflation stabilizes at the 2% target and economic growth remains sluggish, according to officials familiar with their thinking.

(4) UK consumer confidence remained subdued in December with households reluctant to splash out on big-ticket items ahead of Christmas amid ongoing economic uncertainty, a survey found.

(5) Russia is nearing an agreement with Syria’s new leadership to keep two vital military bases in the Middle East state, a key objective of the Kremlin after the fall of its ally Bashar al-Assad.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet.

(2) Traders increased bets on interest-rate cuts from the European Central Bank following a similar move in Federal Reserve expectations, and now see 158 basis points of easing through the end of 2025, the most in a week.

(3) US President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, CBS reported, citing multiple sources.

(4) US economic indicators can move global markets by trillions of dollars at a time. The agencies that collect and publish those statistics have been pleading for an extra few million, to maintain the integrity of the financial world’s most important numbers.

(5) A closely watched gauge of UK house prices hit its highest in over two years in November as buyers were buoyed by a Bank of England interest-rate cut and an end to uncertainty over Labour’s first budget.

(6) All it takes is one hacker and a batch of faulty solar panels to threaten the safety of Europe’s electric grid.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) London's IPO market has declined 9% this year, with only $1 billion raised, pushing the UK to 20th place in global IPO rankings.

(2) Various trade unions criticized the UK government over public sector pay proposals for next year, raising the prospect of potential industrial action and tensions that would be a blow to Keir Starmer’s administration.

(3) The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House.

(4) The suspect in the fatal shooting of UnitedHealth Group executive Brian Thompson is fighting being sent to New York to face a second-degree murder charge, setting up a potentially long legal process to prosecute Luigi Mangione.

(5) French President Emmanuel Macron is seeking to free his government from the stranglehold of National Rally leader Marine Le Pen by piecing together a coalition of moderates that will last until 2027.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Female representation in the boardroom almost tripled since 2010, with the most gender-diverse companies delivering higher shareholder returns compared to male-dominated boards, according to Bloomberg Intelligence.

(2) Women are controlling ever-greater sums of money around the world, setting the stage for major shifts in wealth management and philanthropy.

(3) One of the world's most prominent female CEOs is Jane Fraser, the boss of Citi Group. Currently halfway through her 5-year plan to turn around the bank, she tells Bloomberg she's now focusing her efforts on improving technology, reducing costs, and growing fee revenues.

(4) The rebel group that toppled Syria’s President Bashar Al-Assad tasked Mohammed Al Bashir to form a transitional government, Syrian television reported.

(5) Luigi Mangione, a “person of interest” in the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson, was charged with possessing an illegal gun and using a fake identification after being arrested in Pennsylvania on Monday.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Israeli ground forces have crossed into Syria for the first time in more than 50 years. According to the country's military, troops have been operating in the Syrian Hermon region, advancing beyond the demilitarized zone on the border between the two countries.

(2) As Bashar Al-Assad fled to Moscow, the looters started raiding the presidential palace and people took to the streets of Damascus to celebrate his demise.

(3) US airstrikes hit dozens of Islamic State targets in central Syria on Sunday as President Joe Biden cautioned that Bashar al-Assad’s fall from power could open the door to a resurgence of Islamic extremism.

(4) President-elect Donald Trump said he has no plans to replace Federal Reserve Chair Jerome Powell once he returns to the White House, saying “I don’t see it.”

(5) Prime Minister Keir Starmer’s government is set to launch a £100 million fund aimed at helping the state run “more like a start up,” as Labour attempts to rebut criticism over its tumultuous first few months in power.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.
• In the US – a look at U.S CPI data and a preview of Oracle earnings.
• In the UK – a look ahead to the upcoming ECB decision.
• In Asia – a look ahead to the upcoming RBA decision and Australia’s social media ban for teens.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Emmanuel Macron said he will serve out the remainder of his presidential term as he seeks to quickly stymie the political turmoil in France after Marine Le Pen’s far-right party allied with leftist lawmakers to topple his government.

(2) A measure of France’s bond risk fell amid hopes lawmakers will strike a deal on next year’s budget sooner than many investors had expected, ending months of political impasse that has weighed on markets.

(3) The words “delay” and “depose” were written on a shell casing and a live round recovered in front of the New York Hilton Midtown, where UnitedHealth Group Inc. insurance chief Brian Thompson was fatally shot on Wednesday, according to people familiar with the matter.

(4) UK household incomes will be held back by budget tax increases in a blow to Prime Minister Keir Starmer’s new goal of “raising living standards in every part of the UK,” according to the Confederation for British Industry.

(5) Citigroup has named 344 new managing directors, the most in at least six years for the Wall Street bank.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French President Emmanuel Macron is seeking a new prime minister after a no-confidence motion against his government was passed with the help of the far right and left.

(2) The French government's no-confidence vote has created uncertainty for the euro, which may face further headwinds due to the political instability.

(3) Brian Thompson, a 50-year-old UnitedHealth Group executive, was fatally shot in midtown Manhattan outside the New York Hilton Midtown where the company was hosting its investor day.

(4) President elect Donald Trump's pick for the head of the US securities regulator, Paul Atkins, has lifted Bitcoin's value to a record high of over $100,000.

(5) The boss of Lloyds Banking Group has warned the uncertainty around lawsuits and regulatory probes into motor finance mis-selling is making it difficult for investors to have confidence in British banking, with ripple effects across the economy.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Emmanuel Macron called on French lawmakers to set aside their personal ambition and reject a vote that would topple the government and throw the country into political turmoil.

(2) South Korea’s currency recovered while its stocks fell Wednesday, as investors braced for prolonged political uncertainties following a brief decree of martial law by President Yoon Suk Yeol.

(3) Revolut boss Nik Storonsky would still prefer to float his fintech company in the US, saying that markets in the UK can’t compare.

(4) Takeovers of London-listed companies are shrinking the UK stock market at the fastest pace in more than a decade.

(5) Meta is seeking as much as 4 gigawatts of new nuclear energy as the company looks for a reliable electricity source for its data centers. About 45 companies have delisted from the London market this year due to mergers and acquisitions, up 10% from the tally for all of last year, according to data compiled by Bloomberg.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French Prime Minister Michel Barnier warned lawmakers that France has reached its "moment of truth," as far-right leader Marine Le Pen is set to join a left-wing coalition to topple his government as soon as this week.

(2) The UK doesn't need to trade off its special relationship with the US against its European alliances, Prime Minister Keir Starmer said, despite concern that President-elect Donald Trump's plans to ramp-up tariffs will drive a wedge between the allies.

(3) SpaceX is in discussions to sell insider shares that could boost the value of Elon Musk's rocket and satellite company to around $350 billion, according to people familiar with the matter.

(4) Elon Musk's record-setting Tesla Inc. pay package was struck down once again by a Delaware judge, threatening to wrest billions of dollars from the world's richest person and one of Donald Trump's closest confidants. The stock options package was initially worth $2.6 billion and spiked to $56 billion by the time the judge cancelled it. The package was worth $101.5 billion at Monday's closing price.

(5) Previously unreported documents show how the rollout of a landmark new EU biometric border system has been dogged by financial and technical problems that have led to multiple delays.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Joe Biden has signed a sweeping pardon for his son Hunter Biden, reversing his previous stance that he would not use his executive powers to aid his son.

(2) In an exclusive Bloomberg interview, France's Finance Minister Antoine Armand refuses to accept Marine Le Pen's demands for budget changes, saying the government won't be blackmailed.

(3) Ireland is likely to return a coalition government of Fianna Fail and Fine Gael, bucking the international trend of ousting incumbent parties.

(4) Rebels in Syria opposed to President Bashar al-Assad captured Aleppo and are headed towards Hama, with Damascus in their sights.

(5) Stellantis CEO Carlos Tavares, known for his cost-cutting drive, stepped down from the automaker following a dispute with the board over how to arrest weakening sales and a stock slump.

(6) Workers across Europe are taking more sick days, and economic costs are mounting.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - a preview of the November jobs report and oil outlook.
In the UK - a preview of Poland’s Presidential election.
In Asia – a look at the impact of Donald Trump tariffs on China, and Bitcoin outlook.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The world’s banks are on track to report the lowest revenue from foreign-exchange and rates trading since the pandemic, hit by tighter margins and a challenging macroeconomic backdrop.

(2) Marine Le Pen’s National Rally set out further demands for changes to the French government’s 2025 budget bill after Prime Minister Michel Barnier dropped plans to raise taxes on electricity in a key concession.

(3) President Vladimir Putin warned that his forces could strike “decision-making centers” in the Ukrainian capital of Kyiv with new ballistic missiles as retaliation for attacks on Russia using Western missiles.

(4) Ireland holds a general election on Friday, with Prime Minister Simon Harris hoping to capitalize on a strong economy to secure another five years in power.

(5) Murray Roos was until late last year central to an effort to revolutionise the world’s capital markets via the London Stock Exchange’s nascent digital assets platform. Now, the 48-year-old former trader is using technology to take on even more entrenched market — the UK’s centuries old livestock auctions.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French Finance Minister Antoine Armand said he is prepared to make concessions on the 2025 budget bill to avoid opposition parties toppling the government in the coming weeks. The prospect has pushed investors to sell French assets, driving up the country's borrowing costs compared with European peers. The rate on 10-year French notes matched Greece's for the first time on record on Thursday.

(2) UK Chancellor Rachel Reeves' £26 billion tax hike on businesses may cost as many as 130,000 jobs if bosses choose to pass on the burden by reducing employment, according to analysis by Bloomberg Economics.

(3) The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing's tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.

(4) Donald Trump had dinner with Meta CEO Mark Zuckerberg at the president-elect's Mar-a-Lago estate in Florida on Wednesday.

(5) Black graduates face racial discrimination when applying for jobs in financial, professional and legal sectors in the UK, new research shows, even as companies say they are committed to tackling under-representation of minorities at work.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) France’s banking stocks slid as a potential government collapse and deepening political crisis unsettled investors.

(2) The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.

(3) The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates.

(4) Black graduates face racial discrimination when applying for jobs in financial, professional and legal sectors in the UK, new research shows, even as companies say they are committed to tackling underrepresentation of minorities at work.

(5) Finland and Sweden have launched initiatives to prepare citizens for potential crises, including war, natural disasters, and cyberattacks.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel reached a deal for a 60-day cease-fire with the Lebanese militant group Hezbollah after weeks of talks mediated by the US, a first step toward ending a conflict that's killed thousands of people and opening the door to fresh peace initiatives in the Gaza Strip.

(2) French Prime Minister Michel Barnier said the country faces "storm" in financial markets if an "unlikely but possible" alliance of lawmakers across the political spectrum rejects his government's budget proposals and votes it out of power.

(3) Taxes on Britain's biggest businesses jumped sharply even before Chancellor of the Exchequer Rachel Reeves increased their burden in last month's budget.

(4) President-elect Donald Trump named Kevin Hassett to direct the National Economic Council and Jamieson Greer as the US Trade Representative, filling two key posts on his economic team.

(5) Bernard Arnault, CEO of LVMH, is set to testify in a criminal courtroom about an extortion attempt involving a former bodyguard and a paparazzo who demanded €300,000 in exchange for photos of him with a woman who wasn't his wife.

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President-elect Donald Trump has vowed additional tariffs on China as well as US neighbors Canada and Mexico. Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday. Former general counsel at the Office of the United States Trade Representative Jennifer Hillman says Trump announcing the plan before he’s in the office suggests he’s looking for Canada or Mexico to offer things to negotiate. She joined Eli Lee Chief Investment Strategist at Bank of Singapore for a special round table conversation with Bloomberg’s Haslinda Amin.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President-elect Donald Trump vowed additional tariffs on China as well as US neighbors Canada and Mexico, roiling markets with his first specific threat to curb global trade flows since his election win.

(2) The dollar rallied and shares dropped after President-elect Donald Trump said the US will impose additional tariffs on China, Mexico and Canada, ratcheting up concerns about his “America First” policies.

(3) Keir Starmer risks another battle over his Labour government’s controversial first budget, as the UK prime minister sets out his plan to reduce welfare spending by getting more people into work — at the same time as companies are warning of job cuts due to higher taxes.

(4) The UK government recently supplied Ukraine with dozens more Storm Shadow cruise missiles, according to people familiar with the matter, a first under Prime Minister Keir Starmer, who has pledged continued support for the country’s war against Russia.

(5) Ireland's election, like so many this year, has been littered with politicians promising voters the earth. What makes this different is that whoever wins has the money to deliver on many of their promises. Tiwa Adebayo

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On today's podcast:

(1) Firms across Britain are “in damage control” with nearly half planning to cut jobs after the Labour government’s tax-rising budget, according to the boss of the country’s most influential business lobby group.

(2) The UK could claw back pension tax breaks from asset managers that fail to invest enough domestically, the head of the British Business Bank said in a warning about the stakes for the industry as the government pursues a key growth initiative.

(3)The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the dollar, as traders trim bets that the return of Donald Trump will send tremors throughout global markets.

(4) Apple Chief Executive Officer Tim Cook is visiting China for at least the third time this year, showing up at a suppliers’ conference on the same day a top Beijing official convened an important meeting with a group of foreign CEOs.

(5) Iran plans to hold talks about its nuclear program with the UK, France and Germany this week, Kyodo reported on Sunday, citing Iranian diplomatic sources who weren’t identified.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S GDP, and PCE data, and earnings from Macy’s.
In the UK – a preview of the CBI's annual conference.
In Asia – a look ahead to a meeting of the Bank of Korea and Trump-China trade.

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(1) American defense firms should be alert for Russian actors sabotaging their operations at home and abroad as Moscow seeks to undermine support for Ukraine, US intelligence and national security agencies said Thursday.

(2) Matt Gaetz withdrew from consideration to be US attorney general in a setback for Donald Trump. Gaetz's campaign later disclosed millions in payments to Stripe, drawing an FEC complaint by a campaign-finance advocacy group. Pam Bondi will be nominated instead.

(3) Ken Griffin said he's open to selling a minority stake in his hedge fund Citadel. But he's steering clear of an IPO for his security unit for "the foreseeable future" due to regulatory burdens.

(4) UK consumer confidence posted a surprise increase in November after the budget ended uncertainty over the tax and spending plans of the new Labour government, a survey found.

(5) As the ultra rich flood a once quiet part of Portugal, Christian Louboutin is among those fighting to save the region

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On today's podcast:

(1) Nvidia predicted fiscal fourth-quarter sales of about $37.5 billion. Though the average analyst estimate was $37.1 billion, projections ranged as high as $41 billion.

(2) US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme, throwing the Indian tycoon's conglomerate back into turmoil just as it was rebounding from a short-seller's fraud allegations.

(3) Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his $36 billion family office, capping a case that riveted Wall Street.

(4) Ukrainian forces fired British cruise missiles at military targets inside Russia for the first time, expanding the use of Western-provided long-range weapons as the 1,000-day conflict enters a new phase.

(5) The Bank of Mom and Dad is becoming a growing source of finance for UK adults looking to get on the housing ladder, according a new Resolution Foundation report.

(6) Global havens for the wealthy see an opportunity to lure away UK non-doms — and they're hosting roadshow-type events to gauge their interest.

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On today's podcast:

(1) Keir Starmer used his biggest international summit since becoming prime minister to say Britain was back and “looking outward to the world again.” Asserting a global role for his government proved more elusive.

(2) Vladimir Putin’s war on Ukraine is escalating after months of bloody attrition. The G20 meeting has been most notably overshadowed by the latest escalatory actions from Moscow and Kyiv.

(3) Hong Kong’s former newspaper titan Jimmy Lai dismissed the idea of advocating for independence as “crazy” and downplayed his foreign ties, in his debut testimony fighting national security charges that could silence the 76-year-old for life.

(4) President-elect Donald Trump is tapping Cantor Fitzgerald LP chief executive officer Howard Lutnick to lead the Commerce Department, a central pick in an administration that will likely be shaped by sweeping tariff hike proposals.

(5) Britain has underestimated the number of people in employment by almost 1 million, according to a new report that casts further doubt on official estimates that are crucial for the Bank of England.

(6) Nvidia is poised to deliver its latest quarterly results and forecasts on Wednesday, showing whether the world’s most valuable company can continue its remarkable run fueled by spending on artificial intelligence hardware.

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On today's podcast:

(1) Hedge-fund titan Ken Griffin said he’s anxious about Donald Trump’s potential tariff policies, but that the US economy is going back to “the business of business” now that he’s returning to the White House.

(2) The UK will have to balance any deal on tariffs offered by US President-elect Donald Trump with wider concerns on how it would affect trade ties with the European Union, Business and Trade Secretary Jonathan Reynolds said Monday.

(3) Europe should pool its resources in areas like defense and climate as its productivity growth falters and the world fragments into rival blocs, European Central Bank President Christine Lagarde said.

(4) Top Justice Department antitrust officials have decided to ask a judge to force Alphabet Inc.’s Google to sell off its Chrome browser in what would be a historic crackdown on one of the world’s biggest tech companies.

(5) A Hong Kong court sentenced former democracy advocate Benny Tai to 10 years in prison, the longest sentence ever meted out using a China-imposed security law, in a move likely to further deter dissent in the finance hub and attract condemnation from Western governments.

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On today's podcast:

(1) The US is approaching a final decision to lift some restrictions on Ukraine’s use of Western-made weapons to strike limited military targets in Russia, according to people familiar with the matter.

(2) Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.

(3) The search for Donald Trump’s chief economic policymaker devolved into disarray over the weekend, with contenders tussling for support, aides scrambling to find alternative candidates and the president-elect fuming over the behind-the-scenes jockeying that has spilled into public view.

(4) Support for Chancellor Olaf Scholz to lead Germany’s Social Democrats into an early election is starting to crumble within his own ranks, according to people familiar with the situation.

(5) UK inflation probably surged back above the Bank of England’s target in October, reinforcing the case for policymakers to act cautiously when cutting interest rates.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of Nvidia earnings and existing home sales.
In the UK – a preview of the upcoming G20 summit.
In Asia – a preview of the PBOC’s upcoming rate decision and also the G20 summit.

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On today's podcast:

(1) Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.

(2) Bank of England Governor Andrew Bailey has warned Chancellor of the Exchequer Rachel Reeves not to raise tariffs in retaliation to an expected wave of US-led protectionism, amid fears that President-elect Donald Trump will kick off a global trade war once he is sworn in next year.

(3) Rachel Reeves said the UK’s crackdown on banks in the wake of the global financial crisis has gone too far and vowed to give the country’s watchdogs new marching orders to ensure they’re focused on growing the economy.

(4) JPMorgan Chase Chief Executive Officer Jamie Dimon said President-elect Donald Trump’s tariff threats will “get people to the table,” adding that he hopes it’s “done wisely.” Trump ruled out giving a post to Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.

(5) China’s economy showed encouraging signs as retail sales grew at the strongest pace in eight months, indicating Beijing’s recent stimulus efforts have boosted some key sectors.

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On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves said the UK will introduce legislation next year to pool £1.3 trillion ($1.7 trillion) of pension savings into a series of “megafunds,” as the new Labour government tries to deliver on its pledge to boost private investment and economic growth.

(2) President-elect Donald Trump shocked Washington with his decision to nominate ultra-loyalist Matt Gaetz as his attorney general. The move rammed home what’s become evident since he began announcing his nominations: Subservience to Trump is the main qualification for a job.

(3) Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to lower interest rates, highlighting the difficulty policymakers face in trying to determine the right setting to keep the economy on an even keel.

(4) Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance.

(5) Emmanuel Macron said the European Union should “synchronize” its financial regulation with the US, repeating his call not to apply stricter rules than others.

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On today's podcast:

(1) Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” President-elect Donald Trump announced.

(2) The expected appointment of officials with strong anti-China views to President-elect Donald Trump’s cabinet was welcomed by hedge fund veteran Kyle Bass, even as it risks straining ties between the world’s largest economies.

(3) Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting. It comes as traders are loading up on bets for further losses in the Treasury market in anticipation that Donald Trump’s pledged policies will rekindle inflation and keep US interest rates high.

(4) Germany’s election campaign kicks into high gear on Wednesday, when Chancellor Olaf Scholz makes his case in a public address for another term, despite polls showing voters are overwhelmingly looking for a change.

(5) The Bank of France expects the economy to stagnate in the fourth quarter after growth was boosted by the Paris Olympics in the previous three months and as the political situation continues to add to business uncertainty.

(6) Apple, aiming to catch up with rivals in the smart home market, is nearing the launch of a new product category: a wall-mounted display that can control appliances, handle videoconferencing and use AI to navigate apps.

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On today's podcast:

(1) President-elect Donald Trump is poised to pick two men with track records of harshly criticizing China for key posts in his new administration, a sign relations between the superpowers may deteriorate further in coming years. Senator Marco Rubio — who has taken an aggressive stance on China's emergence as an economic power — is set to become the first sitting secretary of state to have been sanctioned by Beijing. Florida Representative Mike Waltz, who has called China a "greater threat" to the US than any other nation, is in line to be national security adviser.

(2) Bitcoin's record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.

(3) China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter.

(4) The UK will begin issuing digital gilts within the next two years, using blockchain technology to "tokenize" its government debt, Chancellor Rachel Reeves is expected to say in a speech Thursday. The hope is that it will make gilt trading faster and cheaper.

(5) Nestle needed change at the top — so it's leaning on tradition with a new boss from within to win investors back

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President-elect Donald Trump said he will install Tom Homan, the former acting head of the U.S. Immigration and Customs Enforcement agency, as a “border czar” with oversight over immigration, maritime and aviation security.

(2) Trump spoke with Russian President Vladimir Putin on Thursday, the first phone conversation between the two men since Trump won the election, according to reporting in the Washington Post.

(3) The bond-market selloff unleashed by Donald Trump’s presidential victory last week ended almost as quickly as it began. Yet firms like BlackRock, JPMorgan Chase and TCW have issued a steady drumbeat of warnings that the bumpy ride is likely far from over.

(4) German Chancellor Olaf Scholz said he’s open to moving up a parliamentary confidence vote by several weeks to before Christmas, potentially speeding up the country’s early election to February.

(5) UK Chancellor Rachel Reeves will champion free trade and economic growth in a keynote speech this week, as Labour faces pressure to both preempt protectionist trade policies expected from the incoming Trump administration and to reassure businesses facing a higher tax bill.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S CPI data and earnings from Walt Disney.
In the UK – a preview of UK Chancellor Rachel Reeves speech in London.
In Asia – a look at the effects of Donald Trump's re-election on US-China relations, and a preview of Tencent earnings.

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On today's podcast:

(1) Federal Reserve Chair Jerome Powell made clear he's ready to defend the US central bank from political pressure following the re-election of Donald Trump, saying he wouldn't resign if asked and insisting the incoming president doesn't have the power to fire him or other senior Fed leaders.

(2) Donald Trump's team is forming a new administration and the president-elect is expected to draw top advisers and cabinet secretaries from a pool of Wall Street and business executives including officials from his first term — at least the ones who stuck by him.

(3) The Bank of England has supported UK Chancellor Rachel Reeves' debut budget, despite market concerns over inflation and borrowing

(4) The head of HSBC's new global wholesale banking division said the lender will seek to wrap up an ongoing restructuring "very quickly" and could announce the first round of job cuts within weeks.

(5) Goldman Sachs has added 95 executives to its partnership, the largest addition since CEO David Solomon took over.

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On today's podcast:

(1) Donald Trump's return to the White House is adding fresh ammo to a decade-long investment strategy that echoes his "Make America Great Again" mantra in a replay of the 2016 playbook.

(2) Vice President Kamala Harris told supporters to accept her election loss at the hands of President-elect Donald Trump but urged them to keep fighting for the ideals she espoused in her campaign as she publicly conceded the 2024 presidential race.

(3) After the Federal Reserve announces what's widely expected to be a quarter-point cut in interest rates, Chair Powell will have to field a barrage of questions about what Donald Trump's return to the White House will mean for growth, inflation and borrowing costs.

(4) The Bank of England is likely to lower interest rates for only the second time this year in a decision that will be overshadowed by the fallout from the UK budget and Donald Trump's election victory.

(5) German Chancellor Olaf Scholz called for a snap election after his fractious, three-way coalition finally collapsed over how to revive the lackluster economy.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Republican nominee Donald Trump is on the cusp of recapturing the White House, projected as the winner across pivotal battleground states with his party set to control the Senate and markets swinging in expectation of his likely triumph.

(2) While Trump has not yet been declared the winner by most news outlets, he won Pennsylvania, puncturing Democrats’ Blue Wall and all but ending Democratic nominee Kamala Harris’ hopes of mounting a comeback.

(3) US stocks surged, with S&P futures climbing 1.4%; the dollar posted its biggest gain against major currencies since 2020; Treasury bonds tumbled, sending benchmark yields up more than 0.1 percentage point; and Bitcoin soared to a record.

(4) Republicans flip control of the US Senate. They now control at least 51 seats in the 100-member chamber. The GOP knocked out veteran Sherrod Brown in Ohio and picked up an open seat in West Virginia.

(5)World leaders congratulated Donald Trump as he declared victory in the US election, capping one of the most tumultuous campaigns in modern political history to defeat his Democratic challenger Kamala Harris.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump and Kamala Harris concluded one of the most tumultuous and dramatic presidential campaigns in modern political history with dueling rallies late Monday, capping a furious final dash through battleground states that will decide the 2024 race.

(2) Stocks failed to gain traction and bonds climbed, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve rate decision.

(3) Elon Musk's daily million-dollar voter giveaway survived a legal challenge by Philadelphia's district attorney ahead of Tuesday's presidential election as a judge in the crucial battleground state of Pennsylvania declined to block it.

(4) Apple is exploring a push into smart glasses with an internal study of products currently on the market, setting the stage for the company to follow Meta Platforms into an increasingly popular category.

(5) The UK has spent more than a year trying to get hundreds of guns moved from floating armories that are helping Russia profit enormously from its oil trade despite widespread sanction

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Be in the know this election with Bloomberg Podcasts. Follow Bloomberg News Now for up-to-the minute election results, all night long. And go deeper with The Big Take podcast, featuring in-depth global analysis of the US election every day this week.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A flurry of polls released Sunday show Vice President Kamala Harris and former President Donald Trump remain poised for a photo finish in this week's presidential election, with voters narrowly split both nationally and across the pivotal swing states that will decide the election.

(2) Oil advanced after OPEC+ agreed to push back its December production increase by one month and tensions escalated again in the Middle East.

(3) Chancellor Rachel Reeves said she was wrong to tell British voters before the election that Labour wouldn't announce new tax increases, even as she assured them there wouldn't be a repeat of her first budget in the coming years.

(4) Kemi Badenoch beat Robert Jenrick in the Conservative Party's leadership contest to become the first Black leader of a major UK political party.

(5) Novo Nordisk's Ozempic shot is likely to become the world's top-selling drug next year, but the company must prove it has something even better to stay ahead in the obesity market.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - a presidential election preview and FOMC Meeting
In the UK - Bank of England decision preview
In Asia - Japanese autos earnings

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Chancellor of the Exchequer Rachel Reeves sought to reassure the financial markets after her budget on Wednesday triggered a selloff in UK bonds, saying that the “No. 1 commitment” of the Labour government is “economic and fiscal stability.

(2) Apple heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.

(3) Intel gave a fourth-quarter revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share.

(4) Amazon reported strong results that showed a company humming on all cylinders, a testament to its efforts to cut and reallocate costs and put the cloud computing and e-commerce giant on sounder footing.

(5) Donald Trump and his allies are telling supporters that they’re on pace for a runaway victory barring fraud — setting the stage for outrage and legal challenges if the election doesn’t break in favor of Republicans.

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On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves delivered a massive package of tax hikes alongside plans to ramp up public investment in a historic first budget that aimed to revive the UK economy — but fell short of delivering a major boost to its growth prospects.

(2) Labour's first budget in over a decade raises taxes by £40 billion a year to fund a £70 billion annual increase in public spending. The plan marks a shift back to big state economics, with spending as a share of GDP set to be 5 percentage points higher than before the pandemic.

(3) Shell kept up the pace of its share buybacks after profit fell less than expected amid rising sales volumes of natural gas.

(4) Microsoft shares dropped in late trading after the software maker forecast slower quarterly cloud revenue growth, reflecting the company’s struggle to bring data centers online fast enough to keep up with demand for artificial intelligence services.

(5) Meta CEO Mark Zuckerberg will ramp up heavy investments in AI and other futuristic technologies, continuing a years-long tug-of-war between the company’s long-term bets and the core advertising business that provides the vast majority of Meta’s revenue.

(6) Starbucks' new Chief Executive Officer Brian Niccol, addressing investors for the first time since taking the company’s helm, laid out his vision of strategic changes to reboot the struggling coffee chain — from reining in drink customization to revising the staffing model.

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On today's podcast:

(1) UK Chancellor Rachel Reeves will pledge to “rebuild Britain” with her first budget, an historic moment that will include a major package of tax hikes and extra borrowing likely to define British politics for the rest of the decade.

(2) UBS posted third quarter results that broadly beat expectations, while warning of headwinds ranging from the US elections to falling interest income.

(3) The European Union has imposed higher tariffs peaking at 45% on electric vehicles from China, ratcheting up trade tensions between the world’s leading export powers.

(4) Google parent Alphabet showed on Tuesday that an expensive foray into artificial intelligence is starting to pay off, delivering better-than-expected traction for its cloud computing business and driving more usage for its flagship search engine.

(5) Advanced Micro Devices slid in late trading after the chipmaker’s revenue forecast missed analysts’ estimates, a sign its artificial intelligence sales are growing more slowly than some had anticipated.

(6) Democratic presidential candidate Kamala Harris argued a second Donald Trump presidency would be steeped in chaos and division — but not focused on Americans’ needs — as she looked to rally voters from the National Mall one week before Election Day.

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On today's podcast:

(1) HSBC has announced a fresh multi-billion dollar stock buyback as it reported better-than-estimated earnings, days after unveiling a major overhaul of its businesses.

(2) Banco Santander has posted better-than-expected profit in the third quarter, as the lender sees progress in adjusting to lower interest rates.

(3) Goldman Sachs CEO David Solomon is sounding a bullish note on the outlook for dealmaking, singling out investments in technology as a bright spot.

(4) Volkswagen is embarking on an unheard-of German restructuring in what amounts to comeuppance for having allowed issues at its namesake brand to fester for years.

(5) A proposal to divide up the UK power market and unleash free electricity in the windiest parts of the nation is turning into a bitter fight between its biggest energy companies.

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On today's podcast:

(1) UK Prime Minister Keir Starmer said his government would “embrace the harsh light of fiscal reality,” as Chancellor of the Exchequer Rachel Reeves prepares to reveal a historic package of tax hikes and extra borrowing in a make-or-break budget on Wednesday.

(2) Oil tumbled more than 5% at the start of the week after Israeli strikes against targets in Iran avoided the OPEC member’s crude facilities, raising the prospect for easing hostilities in the region.

(3) Japan faces a period of political instability after the ruling coalition failed to win a majority in parliament for the first time since 2009, setting up a race among two main blocs to form a government.

(4) Boeing is planning to launch a capital raise as early as Monday, according to people familiar with the matter, in an offering that would help the beleaguered airplane maker boost its liquidity.

(5) Slowing profit growth is removing some of the invincibility surrounding the stock market’s technology giants as they prepare to report earnings this week. Whether they can reverse that trend will go a long way to determining if the rally in equities can keep going.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the October jobs report, and U.S tech earnings.
In the UK – a look at diversity and inclusion efforts in the UK’s financial services sector.
In Asia – a preview of Hong Kong’s FinTech week and a meeting of Bank of Japan officials.

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On today's podcast:
(1) City firms reported a 72% surge in non-financial misconduct complaints over the last three years following a string of high-profile scandals including sexual harassment allegations leveled at hedge fund chief Crispin Odey.

(2) Prime Minister Keir Starmer says Britons who get additional income from stock holdings don’t count as ‘working people,’ suggesting he’s willing to raise taxes on investors.

(3) President Xi Jinping’s boldest economic stimulus since the pandemic failed to impress global luminaries gathered in Washington this week, who called for more measures to rebalance China’s growth and greater clarity over Beijing’s policy plans.

(4) European Central Bank Governing Council member Pierre Wunsch said it’s far too early to start considering a half-point interest-rate reduction in December. Views among European Central Bank officials about where to take monetary policy are starting to diverge as the institution’s 2% inflation target moves within close reach.

(5) Clearing houses pose a risk to the financial system if they are not robustly operated, Bank of England Governor Andrew Bailey said. (6) Fragmentation in Europe’s banking markets is leading to lower returns for shareholders and higher borrowing costs, according to UBS Group AG chief executive officer Sergio Ermotti.

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On today's podcast:

(1) Vice President Kamala Harris deepened her closing argument to undecided voters that Donald Trump is unfit to serve a second term, classifying her opponent as a fascist in response to a question during a CNN town hall in key swing-state Pennsylvania.

(2) German Finance Minister Christian Lindner warned Donald Trump against starting a trade war with the European Union if he returns to the White House because imposing tariffs would hurt both sides.

(3) Tesla's market value soared by $80 billion after the EV maker reported its biggest quarterly profit in more than a year and issued upbeat forecasts for 2025.

(4) Boeing factory workers rejected a new labor contract that would have increased their wages by 35% over four years, dealing a blow to the embattled aircraft manufacturer as it tries to overcome a crippling work stoppage.

(5) Prime Minister Keir Starmer said there’s “no reason” for entrepreneurs to leave the UK, even as Chancellor of the Exchequer Rachel Reeves studies proposals to raise taxes on the wealthy, property, inheritance and pensions in her budget next week.

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On today's podcast:

(1) The last time US government bonds sold off this much as the Federal Reserve started cutting interest rates, Alan Greenspan was orchestrating a rare soft landing.

(2) Bank of America Chief Executive Officer Brian Moynihan has urged Federal Reserve policymakers to be measured in the magnitude of interest-rate reductions.

(3) UK Prime Minister Keir Starmer said Donald Trump’s legal complaint against his Labour Party over alleged election interference won’t jeopardize their relationship if the former president wins the US election next month.

(4) Deutsche Bank is seeking approval for further share buybacks after revenue at the investment bank rose and the lender largely settled a legacy dispute.

(5) Arm is canceling a license that allowed longtime partner Qualcomm to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Bonds around the world are falling as investors mull prospects of slower US interest-rate cuts, a trend that risks upending debt positions everywhere.

(2) HSBC unveiled a broad restructuring across different business lines and geographies as newly appointed Chief Executive Officer Georges Elhedery embarks on ambitious cost cuts at the banking behemoth.

(3) President Vladimir Putin will play host to Russia’s biggest gathering of world leaders since the invasion of Ukraine and use the BRICS summit to show the US and its allies that he’s no pariah.

(4) US Secretary of State Antony Blinken took off Monday for his 11th visit to the Middle East in his so-far unsuccessful effort to engineer a cease-fire between Israel and Iran-backed militants since the attack on Israel more than a year ago.

(5) Plus -- Bloomberg's top 25 UK startups to watch in 2024.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A day after a Hezbollah drone penetrated Israel’s air defenses and exploded next to the private home of Prime Minister Benjamin Netanyahu, he held a series of meetings with top security aides to discuss the next attack on Iran.

(2) China cut its benchmark lending rates after the central bank lowered interest rates at the end of September as part of a series of measures aimed at reviving economic growth and halting a housing market crash.

(3) The fast money on Wall Street has taken a close look at key sectors in the green economy and decided to bet against them.

(4) Vice President Kamala Harris predicted former President Donald Trump’s lack of decorum would be a disqualifier with voters as the candidates are locked in an exceedingly tight race with 16 days to go.

(5) UK Chancellor of the Exchequer Rachel Reeves will set aside billions of pounds for the National Health Service in her budget next week as the institution kicks off an extensive program of reform.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of Boeing and UPS earnings.
In the UK – a look ahead to UK bank earnings.
In Asia – a preview of next week's BRICS Summit in Russia.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Israeli soldiers killed Hamas leader Yahya Sinwar, the architect of the Oct. 7 attack, in a death that leaves a huge hole at the top of the militant group and spurred fresh US pressure for Prime Minister Benjamin Netanyahu to end the war in the Gaza Strip.

(2) China’s central bank moved to support markets just as data showed the economy expanding the least in six quarters, signaling the government’s intent to continue a stimulus push to draw a line under the slowdown.

(3) European Central Bank officials reckon another interest-rate cut in December is highly likely, with inflation to settle at 2% faster than envisaged, according to people familiar with the matter.

(4) Traders at some of the world's biggest banks have allegedly been misled by cold callers dangling the prospect of jobs at the likes of Goldman Sachs Group Inc. and Morgan Stanley in exchange for details about their salaries, the make-up of their teams and even their desk’s confidential profit and loss statements. But often the jobs don’t exist. Neither does the named caller. Even their supposed employer — firms like Omertion Group or AMO Search — aren’t real.

(5) Netflix added more than 5 million customers in the third quarter and eclipsed Wall Street’s expectations on every major financial metric despite a new programming slate constrained by last year’s strikes in Hollywood.

(6) City firms publicly say they’re still committed to diversity, equity and inclusion efforts. Their staff don’t agree.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Billionaire investor Stan Druckenmiller said markets are pricing in a Donald Trump victory ahead of next month’s US presidential election.

(2) Vice President Kamala Harris sought to deflect criticism over the administration’s handling of the border crisis, her stance on transgender rights and her ties to President Joe Biden in a combative interview Wednesday on Fox News.

(3) China’s economy likely grew at its weakest pace in six quarters, prompting Beijing to roll out a swath of stimulus measures in late September to draw a line under the slowdown.

(4) Europe should use the challenges posed by an increasingly fragmented world order and geopolitical conflicts as an opportunity to strengthen the foundations of its domestic market, according to European Central Bank President Christine Lagarde.

(5) UK Chancellor Rachel Reeves could raise £15 billion ($20 billion) a year from the wealthiest Britons by targeting capital gains and inheritance without triggering an exodus of millionaires, according to two think tank reports.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK inflation slipped below the Bank of England’s 2% target for the first time in more than three years, spurring investors to bet on a quicker pace of interest-rate cuts in the coming months.

(2) ASML shares plunged the most in 26 years after it booked only about half the orders analysts expected, a startling slowdown for one of the bellwethers of the semiconductor industry.

(3) LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable.

(4) Chinese stocks dipped after early fluctuations, in a sign of growing disappointment over the pace of stimulus rollout.

(5) The European Union has prepared a list of American goods it could target with tariffs if former President Donald Trump wins the US election and follows through on his threat to hit the bloc with punitive trade measures.

(6) UK Prime Minister Keir Starmer’s political aides plan to confer with advocates for the nation’s so-called non-dom population of wealthy foreigners amid concerns his Labour Party’s intended tax hikes may end up costing money.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) ASML shares plunged the most in 26 years after it booked only about half the orders analysts expected, a startling slowdown for one of the bellwethers of the semiconductor industry.

(2) LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable.

(3) Chinese stocks dipped after early fluctuations, in a sign of growing disappointment over the pace of stimulus rollout.

(4) The European Union has prepared a list of American goods it could target with tariffs if former President Donald Trump wins the US election and follows through on his threat to hit the bloc with punitive trade measures.

(5) UK Prime Minister Keir Starmer’s political aides plan to confer with advocates for the nation’s so-called non-dom population of wealthy foreigners amid concerns his Labour Party’s intended tax hikes may end up costing money.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ artificial intelligence capabilities.

(2) China has begun enforcing a long-overlooked tax on overseas investment gains by the country’s ultra-rich, according to people familiar with the matter.

(3) Prime Minister Keir Starmer used a glitzy London investment summit to proclaim growth and wealth creation the cornerstones of his government, seeking to draw a line under a rocky first three months in power that saw his negative rhetoric about the state of the public finances weigh on economic sentiment.

(4) UK wages grew at the slowest pace in more than two years over the summer, a sign of easing inflationary pressures that keeps the Bank of England on track to cut interest rates in November.

(5) Israel said it is listening to US misgivings about its planned counter-strike against Iran but will act based on its own assessments, following a report suggesting Prime Minister Benjamin Netanyahu could spare Tehran’s nuclear and energy facilities from any immediate reprisal.

(5) Oil fell for a third session after a report that Israel may avoid targeting Iran’s crude infrastructure eased concerns over a major supply disruption.

(6) After JPMorgan & Wells Fargo positively surprised investors last week with unexpected gains in net interest income and investment bank fees, attention shifts to Goldman Sachs, Bank of America and Citigroup, followed by Morgan Stanley a day later.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a world-beating rally will likely extend.

(2) UK Prime Minister Keir Starmer will vow to scrap regulations holding back growth, as he seeks to soothe concerns among international investors after a rocky first 100 days in power.

(3) Vice President Kamala Harris needled her Republican opponent Donald Trump for keeping his medical records out of public view, saying he isn’t being transparent with American voters.

(4) TSMC is planning more plants in Europe with a focus on the market for artificial intelligence chips, according to a senior Taiwanese official, as the chip maker expands its global footprint.

(5) Cracks are finally appearing in the euro zone’s labor market after years of unexpected resilience — spurring the European Central Bank to lower interest rates more speedily.

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It's almost 100 days since Keir Starmer's Labour government was elected - on a pledge to 'change Britain' and reboot economic growth.

But the investors and business people Labour courted ahead of that landslide win are increasingly concerned about progress and the big decisions in the budget.

We spoke to top investors and financiers for their views on the new administration's first steps. Hosted by Caroline Hepker.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S Retail sales and Netflix earnings.
In the UK – a preview of next week’s ECB meeting.
In Asia - a look ahead to China trade data and TSMC earnings.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) One hundred days into Britain’s new Labour government, executives say ‘we can’t live without the details indefinitely.’

(2) Elon Musk unveiled long-awaited prototypes of a Tesla robotaxi called Cybercab, saying production may start in 2026 and that the vehicle could cost less than $30,000.

(3) The French government unveiled a budget for next year that aims to deliver a €60.6 billion ($66.2 billion) remedy for its creaking public finances and rebuild investor confidence even as it risks eviction by a hostile parliament.

(4) Investors and analysts are expecting China to deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence.

(5) Three Federal Reserve policymakers on Thursday were unfazed by a higher-than-forecast September inflation report, suggesting the US central bank can continue lowering interest rates, but a fourth hinted he may favor a pause at their next meeting.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Hurricane Milton slammed into Florida’s west coast near Tampa with tree-snapping winds and heavy rain, pushing a wall of water onshore and putting lives at risk in the densely populated region.

(2) Federal Reserve Chair Jerome Powell is unlikely to win another big interest-rate cut from his policy committee so long as the labor market holds up.

(3) President Joe Biden has warned Israel against attacking Iran’s nuclear sites, and US officials worry a strike on its energy infrastructure could roil energy markets. But with Israeli retaliation against Iran expected at any time, the US is finding it has few assurances against further escalation.

(4) Keir Starmer’s new UK government unveils a package of new workers’ rights on Thursday, one of the Labour Party’s key promises in its election-winning manifesto that seeks to balance competing demands of trade unions and business leaders he’s been courting for the past four years.

(5) Conservative Members of Parliament knocked former Home Secretary James Cleverly out of the race to be the UK opposition’s next leader in a shock result that leaves two right wingers, Kemi Badenoch and Robert Jenrick, to battle it out.

(6) Craig Billings’ biggest wager as chief executive officer of Wynn Resorts is starting to pay off. The company is developing its newest outpost in the United Arab Emirates even though the government still hasn’t technically legalized gambling.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US Justice Department told a federal judge it’s considering recommending that Google be forced to sell off parts of its operations to alleviate the harm caused by its monopolization of the online search market, in what would be a historic antitrust breakup.

(2) Ever since President Xi Jinping sought to draw a line under China’s slowdown last month, investors have clamored for him to back up monetary easing with a powerful fiscal stimulus to help fuel one of the nation’s biggest stock rallies in years.

(3) France is waking up to a harsh reality: its fall from favor in the eyes of global investors is pointing to a long, painful and uncertain rehabilitation.

(4) Regulators in the US and UK should make it easier for companies to go public, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.

(5) Hurricane Milton churned toward Florida’s west coast as a dangerous Category 5 storm, with flooding and high winds expected to inflict widespread damage and put lives at risk.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A rally in onshore Chinese stocks on their return from a week-long holiday cooled as traders questioned Beijing’s resolve to add more stimulus. Shares in Hong Kong tumbled.

(2) Brent oil tumbled below $80 a barrel as expectations for more stimulus from China fizzled, sparking a risk-off mood across markets.

(3) Milton, the Atlantic’s strongest hurricane this year, is set to approach the Florida peninsula as a catastrophic Category 5 storm, bearing down on a region still struggling to recover from Helene’s devastation.

(4) When Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves plotted Labour’s path to power in the UK, they banked on eye-catching moves to hike taxes on private equity and ultra-rich “non-dom” residents to fund key spending plans. Now, those promises are meeting reality.

(5) The UK is opening an office to speed up approvals of novel technologies, including drones and pest-resistant crops, as part of plan to improve the business climate ahead of a major government investment summit.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) As the Middle East marks a year since the deadly Oct. 7 attacks by Hamas, Israel is locked in a multi-front war with no clear end, sending troops back to northern Gaza and keeping up intense aerial attacks and a limited ground maneuver in Lebanon.

(2) Oil opened the week lower as the market waited to see if Israel would retaliate against Tehran for a missile attack last week, with President Joe Biden discouraging a strike on Iran’s crude fields.

(3) The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.

(4) The European Central Bank will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau.

(5) Keir Starmer replaced his top aide and the Treasury acknowledged that key tax-raising plans were under review, as the Labour government tried to correct course from what even allies say has been a rocky three months in power.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S CPI and PPI data, along with bank earnings.
In the UK – a look ahead to the 2024 Nobel Prize selection.
In Asia – a look ahead to what’s next for Japan, after its ruling party picked Shigeru Ishiba as its new leader.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Oil steadied — following its biggest one-day jump in almost a year — as fears that Israel may decide to strike Iranian crude facilities in retaliation for a missile barrage kept the market on edge.

(2) Planned tax increases to get France’s budget deficit under control will hit about 300 of the country’s biggest companies, Prime Minister Michel Barnier said.

(3) Online fashion retailer Shein is preparing to start early, informal meetings with investors to gauge interest ahead of a potential initial public offering in London, according to a person familiar with the matter.

(4) HSBC has canceled some internal events and further curtailed travel as the bank’s new chief executive seeks to keep a tight lid on costs ahead of his first quarterly results.

(5) Economists anticipate that hiring picked up slightly in September while the unemployment rate held steady at 4.2%, an outcome that would assuage any lingering concerns that labor demand is deteriorating.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Joe Biden said Israel should hold off from attacking Iran’s nuclear facilities in retaliation for a missile barrage this week, as Group of Seven nations sought to tamp down a spiraling conflict that threatens to pull the US even deeper in.

(2) OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology.

(3) French President Emmanuel Macron endorsed a temporary tax on the country’s largest companies, supporting his new government’s strategy even as it departs from his longstanding pro-business stance.

(4) Prime Minister Keir Starmer promised to “stand firm” during what are likely to be difficult negotiations to forge closer ties with the European Union, as he announced the first-ever UK-EU bilateral summit next year.

(5) UK Prime Minister Keir Starmer paid back more than £6,000 ($8,000) worth of gifts and hospitality he has received since entering 10 Downing St., as he sought to quell a freebie controversy that has distracted from the early work of his administration.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Iran fired about 200 ballistic missiles at Israel on Tuesday, a sharp but brief escalation between Middle Eastern adversaries that threatened to trigger a fresh round of attacks as Prime Minister Benjamin Netanyahu vowed to retaliate.

(2) Global benchmark Brent climbed above $74 a barrel, after briefly spiking more than 5% on Tuesday following the Iranian assault, which was preceded by a warning from the US. West Texas Intermediate advanced to near $71, although it also remained below the previous session’s peak.

(3) Vice presidential nominees JD Vance and Tim Walz met for their first and potentially only debate before the November election, as the two Midwesterners with economic populist streaks try to win over undecided voters.

(4) Prime Minister Michel Barnier delayed a target date to bring the budget deficit within the European Union limit by two years in an admission of the dire state of France’s finances.

(5) Prime Minister Keir Starmer’s trip to Brussels on Wednesday will be his first real foray into forging a new post-Brexit relationship with Europe, a process expected to take months, if not years amid competing priorities.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel said it had begun “targeted ground raids” in southern Lebanon, escalating a campaign to root out Hezbollah despite international appeals for restraint.

(2) Federal Reserve Chair Jerome Powell said the central bank will lower interest rates “over time,” while again emphasizing that the overall US economy remains on solid footing.

(3) Christine Lagarde said the European Central Bank is becoming more optimistic that it will be able to get inflation under control, and will reflect on that at its October interest-rate decision.

(4) Business chiefs are the most pessimistic they have been about Britain’s economy since late 2022, when the country was still reeling from the effects of Liz Truss’s short spell as prime minister.

(5) Dockworkers have walked out of every major port on the US East and Gulf coasts, marking the beginning of a strike that could ripple through the world’s largest economy and cause political turmoil just weeks before the presidential election.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Nearly a year after Hamas’ unprecedented assault shattered their spirits, Israelis are in a triumphant mood over the pummeling their military has given Lebanon’s Hezbollah and the killing of its elusive leader.

(2) Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.

(3) UK Chancellor Rachel Reeves is aiming to attend a meeting of EU finance ministers before the end of the year, the Financial Times reports.

(4) Rishi Sunak had one warning for the Conservatives in an otherwise low-profile speech at the party’s annual conference: End the “squabbling” that derailed his UK premiership. It likely fell on dead ears.

(5) Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier.

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the September jobs report and the Vice Presidential debate.
In the UK – a look at some of the challenges France’s new government will face.
In Asia – a look ahead to China’s Golden Week.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) China cut the amount of cash banks must keep in reserve Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.

(2) Israeli Prime Minister Benjamin Netanyahu vowed the military would maintain its bombardment of Hezbollah targets in Lebanon indefinitely, while engaging with efforts by the US and allies to secure a cease-fire that would ease the risk of a regional war.

(3) Chancellor of the Exchequer Rachel Reeves is considering tweaks to her overhaul of the UK's tax regime for wealthy foreigners, amid concern that Labour's current plans may end up costing revenue.

(4) UK Prime Minister Keir Starmer dined with Donald Trump for two hours as he sought to move past previous criticism of the former president to burnish personal relations ahead of a US election that may return him to power.

(5) Vice President Kamala Harris has all but neutralized Donald Trump's advantage on economic issues, fueling an upbeat showing for the Democrat in battleground states where she and the former president are locked in a tight race about 40 days until the election.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first time Altman is granted ownership in the artificial intelligence startup.

(2) China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar with the matter.

(3) The US, European allies and Arab powers proposed a three-week cease-fire between Israel and Hezbollah in Lebanon as part of a bid to clear the way for negotiations and avert all-out war after days of air-strikes by Israeli forces.

(4) Republican presidential nominee Donald Trump plans to meet with the new UK prime minister, Keir Starmer, as well as the president of the United Arab Emirates, according to a senior adviser, as the former president continues to hold sway with foreign leaders in the shadow of the US election.

(5) Qantas Airways ghost-flight scandal misled almost one million customers booked on tens of thousands of non-existent services, according to court documents that reveal the scale of the misconduct and the airline's awareness of the problem.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) China’s central bank lowered the interest rate charged on its one-year policy loans by the most on record, kicking off a sweeping program to revive confidence in the world’s second-largest economy.

(2) The debate over the magnitude of the Federal Reserve’s expected interest-rate cut in November is intensifying, with traders ramping up wagers in futures keyed to the central bank’s path as officials start to weigh in on their next move.

(3) The man who was found hiding in the bushes with a loaded rifle at Donald Trump’s golf course has been indicted for attempting to assassinate the former president.

(4) Keir Starmer warned Britons he will take “tough, long-term decisions” that will make him unpopular and said Labour’s program of “national renewal” is unchanged despite a slew of setbacks early in his premiership.

(5)Business Secretary Jonathan Reynolds dismissed warnings of a wealth exodus to escape potential Labour tax hikes, hitting back at criticisms that have been levied at Prime Minister Keir Starmer’s government.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel launched airstrikes on targets across southern Lebanon, killing nearly 500 people in one of the deadliest days of fighting in nearly two decades and fanning fears of all-out war.

(2) China’s central bank unleashed an unprecedented blitz of policy support for the economy, as authorities made their boldest swing so far to hit this year’s annual growth target of about 5%, after a flurry of Wall Street banks downgraded their forecasts.

(3) Prime Minister Keir Starmer will try to reset the UK political narrative by promising “light at the end of this tunnel,” amid criticism that his Labour government’s gloomy economic messaging has made things worse.

(4) UniCredit Chief Executive Officer Andrea Orcel used Barclay and Bank of America to help him quietly build up a stake in Commerzbank, a move that has shaken European finance and triggered a backlash from the German government.

(5) A handful of Federal Reserve officials on Monday left open the door to additional large interest-rate cuts, noting that current rates still weigh heavily on the US economy.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The UK’s new Labour government won’t return to the austerity cuts of its Conservative predecessors, Chancellor of the Exchequer Rachel Reeves will promise on Monday, as she pivots toward a more positive narrative after weeks of warning about the dire state of the public finances.

(2) Prime Minister Michel Barnier opened the door to taxing wealthy individuals and large companies in a bid to repair France’s massive budget deficit and reassure international investors.

(3) Olaf Scholz’s Social Democrats held off the far-right Alternative for Germany and look set to cling on to power in the eastern state of Brandenburg, sparing the chancellor and his party another embarrassing electoral setback.

(4) China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fueling speculation officials are preparing to ramp up efforts to revive growth.

(5) Apollo Global Management has offered to make a multibillion-dollar investment in Intel, according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US: We preview PCE inflation data

In the UK: We're looking ahead to one of the most pivotal periods on the political calendar

In Asia: We take a look at theLiberal Democratic Party presidential election

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Asian stocks extended a rally in global equities as jobs data backed the view that the US economy is headed for a soft landing. The yen gained as the Bank of Japan left interest rates unchanged.

(2) The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease spending pressures ahead of what she has said will be a tough first budget.

(3) The UK’s Labour government is considering raising wealth taxes. Small businesses and farmers fear liquidation if relief is cut.

(4) French Prime Minister Michel Barnier met with President Emmanuel Macron in Paris late on Thursday to propose a new government after two weeks of tense consultations with rival political groups.

(5) UK government borrowing came in higher than forecast in the first five months of the fiscal year, keeping Chancellor Rachel Reeves under pressure to raise taxes to balance the books in her budget next month.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Asian stocks extended a rally in global equities as jobs data backed the view that the US economy is headed for a soft landing. The yen gained as the Bank of Japan left interest rates unchanged.

(2) The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease spending pressures ahead of what she has said will be a tough first budget.

(3) The UK’s Labour government is considering raising wealth taxes. Small businesses and farmers fear liquidation if relief is cut.

(4) French Prime Minister Michel Barnier met with President Emmanuel Macron in Paris late on Thursday to propose a new government after two weeks of tense consultations with rival political groups.

(5) The German government has started an internal probe into its Commerzbank AG share sale after the transaction allowed UniCredit to swoop in and take a major stake in the lender.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Chair Jerome Powell led his colleagues to an outsize interest-rate cut designed to preserve the strength of the US economy as risks to the labor market mount, marking an end to their single-minded focus on quashing inflation.

(2) Traders ramped up their bets on the pace of future US interest-rate cuts after the Federal Reserve reduced its benchmark by half a point and signalled more cuts coming this year.

(3) The Bank of England is likely to decide against cutting interest rates for a second straight meeting, maintaining a patient approach to reversing the most aggressive policy tightening in decades.

(4) Israeli Defense Minister Yoav Gallant declared what he called a “new phase” in the war with regional Islamist groups and said troops would be diverted to the Lebanese border, an indication that long-held fears of a wider conflict may soon be realized.

(5) The City of London thinks the UK could attract as much as £7.7 billion ($10.2 billion) more investment by 2030 if it did a better job of attracting foreign sovereign wealth.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Iran-backed Hezbollah accused Israel of orchestrating an attack that killed several people and left almost 3,000 wounded across Lebanon, increasing fears of an all-out war.

(2) Traders who are locked into record wagers tied to the Federal Reserve’s expected interest-rate cut Wednesday are risking sharp losses if officials opt for a standard-sized reduction.

(3) BlackRock Inc. and Microsoft Corp. are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence.

(4) Steve Cohen has stepped away from the trading floor. While the billionaire hedge fund founder remains Point72 Asset Management’s co-chief investment officer along with Harry Schwefel, he’s no longer investing clients’ capital.

(5) The German Finance Ministry is sticking to a plan to sell off its entire stake in Commerzbank despite UniCredit's move to buy all the shares offered last week, according to people familiar with the matter.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Not since the lead-up to the financial crisis have bond traders been so divided about the outcome of the next Federal Reserve decision.

(2) Donald Trump is poised to capitalize on the second attempt on his life in recent months, using the shocking development to try to snatch back the political momentum that Vice President Kamala Harris has enjoyed.

(3) Amazon.com Chief Executive Officer Andy Jassy is moving to streamline the world’s largest online retailer and cloud-computing company, cutting management layers and ordering employees to return to the office five days a week beginning in January.

(4) Intel Chief Executive Officer Pat Gelsinger has landed Amazon.com Inc.’s AWS as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker.

(5) Stavanger harbor bustled in the sun on a recent afternoon, the hoisting cranes, working ships and rigs under construction testament to the city’s status as Norway’s oil capital, and the main source of its wealth. Stavanger harbor bustled in the sun on a recent afternoon, the hoisting cranes, working ships and rigs under construction testament to the city’s status as Norway’s oil capital, and the main source of its wealth.

(6) Keir Starmer said he’s looking to his Italian counterpart Giorgia Meloni for lessons on tackling so-called irregular migration, as Britain’s prime minister grapples with an issue fueling a rise in Western democracies of right-wing parties that are not natural allies of his center-left Labour government.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Former President Donald Trump is safe after his Secret Service detail opened fire at a man who was wielding an assault rifle at his West Palm Beach, Florida, golf course Sunday, in what the Federal Bureau of Investigation called an apparent assassination attempt.

(2) Back in January, Premier Li Qiang trumpeted China’s success in exceeding its 2023 growth goal without resorting to “massive stimulus.” Repeating the same feat this year now looks less likely.

(3) The Bank of England looks set to stick to its tentative interest-rate cutting when it meets this week, defying skepticism from a growing cohort of investors who see a need for more aggressive action.

(4) Italy and the UK are poised to reaffirm their pledge to defend Ukraine as Prime Minister Keir Starmer travels to Rome to seek support for a proposal to let Kyiv use non-US long-range weapons against Russia.

(5) Widespread flooding in central and eastern Europe from days of unrelenting rain is playing havoc with rail transportation and causing more evacuations of residents as well as damage to homes and infrastructure.

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In the US – a preview of next week’s Fed meeting and FedEx earnings.
In the UK – a preview of Eurozone data.
In Asia – a look at next week’s BOJ decision and TOKEN2049 Summit .

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Clues on when the European Central Bank will next cut interest rates were in short supply on Thursday, with President Christine Lagarde and colleagues awaiting data on how drastically the economy is deteriorating — and how that will shift inflation.

(2) The US and UK governments are discussing allowing Ukraine to deploy British cruise missiles backed by US navigational data to conduct long-range strikes inside Russian territory, according to people familiar with the matter.

(3) The Bank of England's former Chief Economist -- Andy Haldane -- says the Chancellor's claim of a 22-billion pound 'black hole' in government finances is 'unnecessary, unhelpful' and a 'bad' idea.

(4) Republican Donald Trump ruled out appearing at another debate with Democrat Kamala Harris two days after he delivered an uneven performance at their first showdown of the election cycle.

(5) OpenAI is releasing a new artificial intelligence model known internally as “Strawberry” that can perform some human-like reasoning tasks, as it looks to stay at the top of a crowded market of rivals.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The bond market has ended its long flirtation with the Federal Reserve cutting interest rates by half a point this month as resilient inflation and labor market data reinforce a measured course of action.

(2) The European Central Bank is set to lower interest rates again, but will remain tight-lipped on the pace and extent of further action with inflation not yet fully defeated.

(3) Donald Trump said he is not inclined to have another debate with Kamala Harris after initially suggesting several additional matchups to supplement Tuesday’s forum.

(4) At least three top investment bankers from different securities firms have been detained by Chinese authorities since August, sending a chill through the industry.

(5) The early release of thousands of prisoners is a calculated move by the new government to relieve pressure on an aging system. Will it pay-off?

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Democrat Kamala Harris and Republican Donald Trump sparred through their first debate on ABC News, with the former president often on the defensive over abortion rights, the January 6 insurrection and on foreign policy. This podcast includes extracts from that ABC News debate.

(2) The Bank of Japan will continue to adjust policy going forward provided the economy performs in line with its projections, BOJ Board Member Junko Nakagawa said, in comments that bumped the yen to its highest level against the dollar since January.

(3) US banks scored a big break from regulators on new capital rules — only to ruin their own celebration with downbeat outlooks on lending.

(4) Keir Starmer received a warning shot from his own Labour Party over the difficult battles ahead as he tries to fix Britain’s public finances, after his government suffered a significant display of dissent over his decision to scrap winter fuel payments for most UK pensioners.

(5) Australian real estate listing provider REA Group Ltd. presented a £5.6 billion ($7.3 billion) takeover proposal for Rightmove Plc that was rejected by the UK’s biggest property portal by market value.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Apple has introduced the latest version of its flagship device, the iPhone 16, betting it can entice consumers with modest hardware upgrades and AI technology that's still on the horizon.

(2) The biggest US banks would face a 9% increase in capital requirements — a dramatic retreat from the original plan — after regulators agreed to sweeping changes to a proposed package of rules, according to people familiar with the matter.

(3) Goldman Sachs is signaling a note of caution to investors after posting some of the biggest stock advances among its peers this year.

(4) HSBC is weighing combining its commercial and investment bank divisions as part of new Chief Executive Officer Georges Elhedery's push to eliminate overlapping roles across the company and shed expenses.

(5) For Wall Street, the faceoff between Vice President Kamala Harris and former President and Republican nominee Donald Trump may add another layer of volatility at a time when uncertainty around the labor market, interest rates and geopolitics is fraying investor nerves.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Worse-than-expected economic data is fuelling concerns of a broader global economic slowdown as concern shifts from inflation to growth.While the Fed has all but committed to reducing rates from their highest in more than two decades this month, investors have been scrutinizing economic data for clues as to the scope and pace of the reductions.

(2) China's core inflation cooled to the weakest in more than three years, fueling calls for greater efforts to boost households spending as weak demand puts the annual growth target under pressure."You leave the dollar and you're not doing business with the United States because we are going to put a 100% tariff on your goods," the Republican presidential nominee said at a rally in the battleground state of Wisconsin.

(3) Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform.

(4) Millions of UK pensioners are in line for an extra £500 next year, a boost the new Labour government hopes will contain a row that's raging over cuts to winter fuel subsidies for the elderly.

(5) British supermarket chain Asda is set to face a crucial stage in its equal pay fight with workers in what could form the tip of an £8 billion iceberg of claims against the biggest UK retailers.

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Bloomberg Daybreak Weekend with Guest-Host John Tucker takes a look at some of the stories we'll be tracking in the coming week.

In the US - a preview of U.S CPI data and next week’s Presidential debate.
In the UK – a look at next week’s ECB meeting.
In Asia - a look at Apple’s major product launch.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Forecasters anticipate a monthly report on US employment will show a bounce in hiring and a tick lower in the unemployment rate in August, marking a stabilization after the July data sparked a growth scare in financial markets.

(2) Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitched his agenda to Wall Street and corporate leaders in New York.

(3) The man in charge of election fundraising for the Labour Party has been making recommendations for public appointments, according to people familiar with the matter, an arrangement that prompted party staff to raise concerns with top officials about the appearance of a conflict of interest.

(4) France’s new prime minister, Michel Barnier, made a plea for the country’s political factions to work together in order to move beyond the turbulence that’s caused so much chaos over the past two months.

(5) Hong Kong scrapped trading of its $4.9 trillion stock market on Friday as the city prolonged a storm warning due to Super Typhoon Yagi, which skirted the region overnight toward southern China.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A key segment of the US Treasury yield curve briefly turned positive as weaker-than-anticipated labor-market data bolstered bets on steep interest-rate cuts by the Federal Reserve.

(2) Vice President Kamala Harris called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic agenda and draw a contrast with Republican rival Donald Trump.

(3) Oil steadied near the lowest close since June 2023 as an industry report pointed to a big draw in US crude stockpiles, with the market taking a breather following a sharp selloff this week.

(4) Nvidia, responding to a Bloomberg News report about the US Department of Justice sending out subpoenas as part of an antitrust probe, said it has been in contact with the government agency but hasn’t been subpoenaed.

(5) Four people were killed and nine others injured after a teen gunman opened fire at a high school in Winder, Georgia, an old railroad town northeast of Atlanta.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Stocks in Asia slumped the most since the Aug. 5 rout, tracking a selloff in US peers driven by a plunge in Nvidia.

(2) The US Justice Department sent subpoenas to Nvidia Corp. and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant provider of AI processors.

(3) Oil has pushed lower after a loss of almost 5% on Tuesday as the possible easing of political unrest in Libya shifted focus back to OPEC+'s plan to boost production, while demand concerns persist.

(4) Risks to smaller banks are likely to only increase as elevated interest rates, a faltering commercial real estate market and shaky economic conditions around the globe expose old fault lines in a sector that's often loosely regulated but also crucial to local economies from Mumbai to Memphis.

(5) Plans to scrap a preferential tax regime for wealthy foreigners living in the UK could cost the Treasury around £1 billion ($1.3 billion) a year in lost revenue and drive away global elites.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The UK will suspend some arms licenses to Israel after concluding the use of British components in Gaza risks violating international humanitarian law, Foreign Secretary David Lammy said, in a break from allies.

(2) Volkswagen AG is considering factory closures in Germany for the first time in its 87-year history, parting with tradition and risking a feud with unions in a step that reflects the deep woes roiling Europe’s auto industry.

(3) Hewlett Packard Enterprise Co. said it intends to pursue the $4 billion damages claim in London against the estate of the recently deceased British tech tycoon Mike Lynch.

(4) London lags behind other major global cities when it comes to working in the office, raising concerns about both productivity and the British capital’s appeal as an international investment destination.

(5) European officials expect Iran to deliver ballistic missiles to Russia imminently, a move that could prompt a swift response from Ukraine’s allies, people familiar with the matter said.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Chancellor Olaf Scholz’s ruling coalition was punished in two regional elections in eastern Germany on Sunday, with populist parties on the extreme right and left taking more than 60% of the vote in Thuringia and almost half in Saxony.

(2) President Emmanuel Macron will meet on Monday with Bernard Cazeneuve, a former Socialist Party official and ex-premier, as he heads toward naming France’s next prime minister.

(3) Inventories of key raw materials are piling up in China, evidence that economic activity remains too feeble to clear a surplus that’s crushing prices from steel to soybeans.

(4) Israel’s largest labor group is poised for a nationwide strike on Monday, the strongest push yet to force the government into a Gaza cease-fire and secure the release of hostages held by Hamas.

5) - Ernesto Bertarelli might be Switzerland’s wealthiest man, but a $135 million bet on a sailing race is a lot when it risks disappearing in day.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the August jobs report in the U.S, and earnings from Hewlett Packard Enterprise.
In the UK - a look at the challenges facing the UK's government as parliament returns from its summer break.
In Asia – a preview of Taiwan's SEMICON summit.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Vice President Kamala Harris said helping address economic woes and bolstering the middle class would be her day one priority, in her critical first interview since capturing the Democratic presidential nomination.

(2) China is considering allowing homeowners to refinance as much as $5.4 trillion in mortgages to lower borrowing costs for millions of families and boost consumption.

(3) The UK’s top financial regulator is set to delay the next wave of bank capital reforms, according to people with knowledge of the situation, the latest example of a major global rulemaker abandoning its timetable for the changes until the US finalizes its package.

(4) The UK’s fiscal watchdog laid out the case for new Chancellor Rachel Reeves to embark on a public investment splurge, amid concern that she risks hurting growth with an overly cautious budget.

(5) The Netherlands plans to limit ASML Holding NV’s ability to repair and maintain its semiconductor equipment in China, a potentially painful blow to Beijing’s efforts to develop a world-class chip industry.

(6) Nvidia, the world’s biggest chipmaker, has discussed joining a funding round for OpenAI that would value the artificial intelligence startup at more than $100 billion, according to people familiar with the matter.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1)Nvidia Corp. failed to live up to investor hopes with its latest results on Wednesday, delivering an underwhelming forecast and news of production snags with its much-awaited Blackwell chips.

(2) OpenAI is getting closer to raising funding at a valuation of more than $100 billion in a round led by Thrive Capital, people with knowledge of the matter said.

(3) Pavel Durov, the chief executive officer of Telegram, was charged in France for complicity in the spread of sexual images of children and other crimes such as drug trafficking on the messaging app.

(4) Israel launched a large-scale military operation in the West Bank to combat what the army said was terrorist activity, the latest surge in hostilities in the Palestinian area since the start of the war in Gaza.

(5) Britain’s Labour government has been urged to stick to its plan for higher taxes on wealth, even as business groups and advisers to the rich call for restraint.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) HSBC's incoming Chief Executive Officer Georges Elhedery is considering plans that could remove layers of middle management at Europe's largest bank, mirroring similar moves undertaken by rivals Citigroup and Standard Chartered

(2) Protests in China are on the rise as the effects of a slowing economy rattle citizens and Beijing refrains from taking bolder steps to shore up growth.

(3) US National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi met again for talks aimed at managing the two nations' contentious relationship.

(4) Burberry is poised to exit the FTSE 100 Index, ending the luxury-goods maker's 15-year stay in the UK blue-chip gauge.

(5) The UK and Germany are edging toward a major new treaty as part of Keir Starmer's efforts to improve ties with European allies.

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(1) BHP the world's biggest miner, posted a full-year profit broadly in line with expectations, as revenue from iron ore and copper increased despite a deteriorating Chinese demand outlook.

(2) Pavel Durov, the CEO of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material.

(3) Longtime Apple Chief Financial Officer Luca Maestri will step down from the job at the end of the year, handing the role to top deputy Kevan Parekh after more than a decade.

(4) Despite a day of relative calm in the skies over Israel and Lebanon, tensions remained high Monday over the prospect that a regional war could erupt after Israel mounted what it called a preemptive strike that took out thousands of Hezbollah missile launchers.

(5) Prices in Britain's shops have fallen for the time in almost three years, as Bank of England policymakers mull further interest rate cuts.(6) UK banks are preparing for a red-hot corner in the lending market as the new Labour government's plan to address a housing shortage prompts developers to boost supply of homes.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S GDP and Core PCE data, and Nvidia earnings.
In the UK – a look at the weakness in Germany’s economy.
In Asia – a look at Japan’s leadership election.

Edward Harrison, Bloomberg Senior Editor and the author of "The Everything Risk" newsletter
Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst
Oliver Crook, Bloomberg's Germany Correspondent
Isabel Reynolds, Bloomberg Tokyo Bureau Chief

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Vice President Kamala Harris formally accepted the Democratic presidential nomination on Thursday, delivering a deeply personal speech as she vowed to prioritize a fight for the middle class and Americans' reproductive rights.

(2) The Bank of Japan is still on a path toward higher interest rates provided inflation and economic data continue in line with its forecasts, Governor Kazuo Ueda said in his first public remarks following a global market rout.

(3) Two Federal Reserve officials said they believe it's appropriate for the US central bank to begin lowering interest rates soon, and that the pace of subsequent cutting should be "gradual" and "methodical."

(4) Nestle Chief Executive Officer Mark Schneider is the latest consumer-goods boss to be shown the door as companies struggle to coax shoppers back to premium brands after a period of high inflation and belt-tightening.

(5) Mike Lynch, the British tech tycoon who was attempting to restore his reputation over the ill-fated sale of his software company to Hewlett Packard Co., has died. He was 59.

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Your morning briefing, the business news you need in just 15 minutes.

On today’s podcast:

(1) At least three banks managed to obtain key payroll numbers Wednesday while the rest of Wall Street was kept waiting for a half-hour by a government delay that whipsawed markets and sowed confusion on trading desks.

(2) Several Federal Reserve officials acknowledged there was a plausible case for cutting interest rates at their July 30-31 meeting before the central bank’s policy committee voted unanimously to keep them steady.

(3) Vice presidential nominee Tim Walz wrapped himself in football and freedom on Wednesday, as Democrats used the third night of their convention to offer an open hand to the swing voters outside the country’s coasts.

(4) Italian divers have retrieved four bodies from a sunken yacht off Sicily, where British tech entrepreneur Mike Lynch and Morgan Stanley International chairman Jonathan Bloomer were among those feared to have died earlier this week.

(5) A shadow fleet of tankers carries Russian oil through the Baltic Sea every day. Local authorities can’t stop the ageing vessels - and fears of a spill are growing.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Bond traders are taking on a record amount of risk as they bet big on a Treasury market rally fueled by expectations the Federal Reserve will embark on its first interest-rate cut in more than four years.

(2) Barack and Michelle Obama delivered blistering critiques of Republican nominee Donald Trump while painting Vice President Kamala Harris as the heir of their historic political legacy in addresses that capped the second night of the Democratic National Convention.

(3) After two days of search-and-rescue efforts, British tech entrepreneur Mike Lynch, Morgan Stanley International chairman Jonathan Bloomer and four others were feared dead aboard the sunken wreckage of a luxury yacht off the coast of Sicily.

(4) Keir Starmer’s government pledged to increase deportations of people with no legal right to stay in the UK to the highest rate in five years, an effort to show it is responding to Britons’ concerns about rising immigration.

(5) Secretary of State Antony Blinken left the Middle East late Tuesday having failed to secure a deal to halt fighting between Hamas and Israel, highlighting how the two sides remain sharply divided despite US officials’ insistence that an agreement is close.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Joe Biden delivered an emotional and bittersweet call for Democrats to rally behind Kamala Harris, as his party used the first night of its national convention in Chicago to celebrate his presidency while simultaneously passing the torch to a new generation.

(2) British tech entrepreneur Mike Lynch is among those missing after a luxury yacht was struck by a tornado and sank off the coast of Sicily.

(3) US intelligence agencies said they were “confident” that Iran was behind a recent hack of former President Donald Trump’s presidential campaign, casting the intrusion as part of an increasingly aggressive effort by the Islamic Republic to disrupt the November election.

(4) US Secretary of State Antony Blinken said Israeli Prime Minister Benjamin Netanyahu has accepted a cease-fire proposal to halt the war in Gaza and the next step is for “Hamas to say yes,” putting the onus on the group to end the 10-month conflict even as violence continued.

(5) The UK government signed off on London City Airport’s plan to grow passenger numbers by nearly a third, angering environmental campaigners who say it will increase carbon emissions.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Ukraine's President Zelenskiy says the aim of Ukraine's incursion into Russian territory is to create a "buffer zone" between the two countries.

(2) Safety at the Russian-occupied Zaporizhzhia nuclear power plant in southern Ukraine is deteriorating after a drone strike Saturday, International Atomic Energy Agency monitors warned.

(3) UK companies stepped up advertising for jobs for the first time this year, a sign of strength in the labor market, data from Adzuna showed.

(4) Britain’s prospective home buyers stepped up their search for property after the Bank of England’s first reduction in interest rates since the start of the pandemic, Rightmove Plc said.

(5) All eyes will turn to the mountains of Wyoming in this week for the Federal Reserve’s Jackson Hole symposium, your best chance every year to see a Nobel Prize-winning economist in a cowboy hat.

(6) Israel and Hamas blamed each other for impeding a cease-fire and hostage deal as the top US diplomat arrived in Tel Aviv to press for an agreement.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of next week’s Jackson Hole Symposium and Target earnings.
In the UK – a look at the UK’s immigration dilemma.
In Asia – a look at Vice Presidential candidate Tim Walz’s relationship with China.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) European Union tariffs slowed the influx of Chinese-made electric vehicles in July, as the bloc moved to protect its automakers from low-cost competition.

(2) China's central bank chief has pledged further steps to support his nation's economic recovery, while cautioning that it won't be adopting "drastic" measures.

(3)Treasury yields surged after signs of a resilient US economy in the latest data releases prompted traders to lower their expectations of aggressive Federal Reserve interest-rate cuts this year.

(4) The UK government announces changes to a multi-billion pound compensation plan for victims of the infected blood scandal.

(5) As US-backed ceasefire talks restart in Doha, calls to reconstruct the Strip are becoming louder. So far, Israeli air strikes have left more than 42 million tonnes of debris across the Strip, according to the UN.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Bank of Chicago President Austan Goolsbee said he is growing more concerned about the labor market than inflation amid recent progress on price pressures and disappointing jobs data.

(2) The World Health Organization has declared a fast-spreading Mpox outbreak in Africa a global health emergency as the agency seeks to contain the spread of the potentially deadly virus

(3) Two weeks after Iran vowed to retaliate for the killing of a senior Hamas leader, the biggest surprise has been that the attack still hasn't happened yet.

(4) Apple is seeking new sources of revenue, is moving forward with development of a pricey tabletop home device that combines an iPad-like display with a robotic limb.

(5) Untreated waste that flows directly into rivers and lakes is making people sick and harming wildlife right across Europe

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Financial markets are flashing a higher probability of an oncoming recession in the wake of the market maelstrom that briefly sparked fear across Wall Street last week.

(2) Former JPMorgan Chase & Co. chief market strategist Marko Kolanovic re-emerged on social media this week, posting on LinkedIn and X on Monday and Tuesday for the first time since reports in early July that he was leaving his role at the bank.

(3) A rare bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market.

(4) Ukrainian President Volodymyr Zelenskiy instructed his country’s army chief to prepare for more action as Kyiv’s troops continue to make advances in Russia’s Kursk region.

(5) The Biden administration approved the sale of up to 50 F-15 fighter jets, vehicles and ammunition to Israel in a deal valued at more than $20 billion.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US believes an Iranian attack against Israel has grown even more likely and may come as soon as this week, officials said, as allied leaders sought to head off all-out war and the Pentagon deployed more forces to the region.

(2) Vladimir Putin abruptly interrupted an acting regional governor who said Ukraine's military had taken control of 28 towns and villages in Russia's Kursk border region, prompting a sixth of its population to flee.

(3) Donald Trump and Elon Musk held a warm, but glitch-delayed conversation on X that saw the tech mogul pitch a role for himself should the Republican nominee win a second White House term, but otherwise rehashed the notes that Trump routinely strikes at his campaign rallies.

(4) UK Prime Minister Keir Starmer's plan to continue handing swift justice to scores more rioters will hinge on a hamstrung UK court system and overworked criminal lawyers.

(5) The UK is reviewing the time it releases key economic statistics amid concerns the current pre-trading publication is helping spur volatility in interest-rate and bond markets.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Faced with the heightened risk of attacks from Iran or its proxies in the region, Israel is diversifying and fortifying its critical infrastructure.

(2) Ukrainian President Volodymyr Zelenskiy said Russian troops started a fire on the grounds of the occupied Zaporizhzhia nuclear power plant in southern Ukraine, calling on the world and the International Atomic Energy Agency to react.

(3) The European Central Bank is now likely to cut its deposit rate once a quarter through the end of next year, a timetable that will see its easing cycle end sooner than previously anticipated, according to economists.

(4) Republican vice presidential candidate JD Vance floated more than doubling the federal child tax credit to $5,000, seeking to reframe a “pro-family” stance that has come under attack from Democrats.

(5) The chief executive officers of Britain’s biggest companies received record compensation last year but the slowing pace of increases saw the pay gap with the US widen.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S CPI and Retail sales data, and a look at earnings from Walmart and Home Depot.
In the UK – a look at Europe’s sweltering summer.
In Asia – a look at Japan’s economy and a preview of GDP.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The S&P 500 had its best day since November 2022, while the Nasdaq advanced 3.1%.

(2) Initial applications for US unemployment benefits fell last week by the most in nearly a year, potentially alleviating some concerns that the labor market is cooling too fast following last week’s disappointing jobs report.

(3) Vice President Kamala Harris doesn’t support halting arms shipments to Israel as a way to pressure Prime Minister Benjamin Netanyahu’s administration over the war in Gaza, a top aide to the Democratic presidential challenger said on Thursday.

(4) Republican presidential nominee Donald Trump looked to recapture attention — and momentum — in his race against Vice President Kamala Harris on Thursday, dangling a series of debates and fielding questions for over an hour from reporters at his Mar-a-Lago resort.

(5) Keir Starmer called for a “mature conversation” with social media companies to limit malicious content that’s stoked days of rioting in the UK. Instead, he found himself in an escalating online confrontation with Elon Musk, the billionaire owner of X.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Three-quarters of the global carry trade has now been removed, with a recent selloff erasing this year’s gains, according to JPMorgan.

(2) Anti-racism protesters turned out in their thousands in towns and cities across the UK to counter far-right demonstrations that failed to materialize on Wednesday evening, offering some relief to a nation that’s been reeling from the worst outbreak of rioting in more than a decade.

(3) Britain’s employers stepped up hiring for white-collar roles and permanent staff, pointing to upward pressure on wages that the Bank of England is worried may feed inflation, two separate surveys indicated.

(4) Eurogroup chief Paschal Donohoe said the prospect of a second Donald Trump presidency is an impetus for the European Union to prepare itself by making its economy less dependent on the US.

(5) President Vladimir Putin summoned his top defense and security officials to brief him on efforts to repel Ukraine’s biggest assault on Russian territory since he ordered the 2022 invasion of the neighboring country.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US Treasuries are at risk of a further selloff as traders in the futures and options markets cash in on their bets for aggressive Federal Reserve interest-rate cuts this year.

(2) Bank of Japan Deputy Governor Shinichi Uchida sent a strong dovish signal in the wake of historic financial market volatility in Japan by pledging to refrain from hiking interest rates when the markets are unstable.

(3) UK Police forces deployed extra officers and said they were ready to arrest hundreds more far-right activists if they followed through with plans circulated online to converge on immigration centers Wednesday night.

(4) Novo Nordisk shares plummeted as sales of its blockbuster weight-loss treatment Wegovy disappointed investors in a rare misstep for the high-flying drugmaker.

(5) Vice President Kamala Harris kicked off a critical campaign stretch aimed at putting Republican Donald Trump on the defensive in key swing states as she took the stage for the first time with her new running mate, Minnesota Governor Tim Walz.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Japanese equities powered higher, leading gains in Asia, as they retraced some of the losses sustained in Monday’s global rout that wiped out billions across markets from New York to London. US equity futures also advanced and Treasuries fell.

(2) Federal Reserve Bank of San Francisco President Mary Daly said the labor market is softening and indicated the US central bank should begin cutting interest rates in coming quarters, but stopped short of concluding the labor market has begun seriously weakening.

(3) Traders are rushing to insure their portfolios against an extreme market crash, in an echo of the chaotic period at the start of the pandemic.

(4) The US and its allies worked to head off an Iranian attack on Israel and avert a wider regional war as concerns grew that a strike may come at any moment in retaliation for the killing of a top Hamas leader in Tehran.

(5) UK Chancellor of the Exchequer Rachel Reeves declined to rule out increasing the capital gains tax after warning that difficult decisions will be taken to fill a £22 billion ($28 billion) budget black hole.

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Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A global stocks selloff deepened on Monday as concerns grew that the Federal Reserve is behind the curve with policy support for a slowing US economy, sending investors into the safety of bonds.

(2) Global bonds have erased their losses for the year as concern the US economic outlook is rapidly worsening spurs demand for fixed-income assets.

(3) Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively to head off a recession.

(4) Israel braced for a possible attack from Iran and regional militias in retaliation for assassinations of Hezbollah and Hamas officials as the US sent defensive reinforcements while pressing for a Gaza cease-fire deal.

(5) Prime Minister Keir Starmer has called an emergency security meeting in a bid to quell anti-immigrant protests that rocked communities across the UK and threatened to plunge his month-old government into a polarizing cultural debate.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of quarterly earnings from Walt Disney. Also a look at earnings from Uber and Lyft.
In the UK – a look ahead to a visit to the U.S by new UK Chancellor Rachel Reeves.
In Asia - a preview of Alibaba earnings and China trade data.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A rally in Treasuries extended into a seventh straight day, as traders fixated on upcoming jobs data to cement their view that the US will pivot to cut interest rates in September.

(2) The Bank of England voted 5-4 to cut interest rates for the first time since early 2020 and signaled further reductions ahead, offering some relief to households after a year of the UK’s highest borrowing costs for a generation.

(3) Apple predicted that its new artificial intelligence features will spur iPhone upgrades in coming months, helping the company reemerge from a sales slowdown that has hit its China business especially hard.

(4) Intel plunged more than 19% after delivering a barrage of startling news, including a grim growth forecast and plans to slash 15,000 jobs, in the latest sign that the chipmaker is ill-equipped to compete in the artificial intelligence era.

(5) US President Joe Biden and Vice President Kamala Harris welcomed home Wall Street Journal reporter Evan Gershkovich, former US Marine Paul Whelan and other Americans freed in the largest prisoner swap with Russia since the Cold War.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Federal Reserve Chair Jerome Powell signalled central bank officials are on course to cut interest rates in September unless inflation progress stalls, citing risks of further labor-market weakening.

(2) It’s a close call, but Bank of England policymakers are likely to vote for the first interest rate cut since the start of the pandemic after inflationary pressures in the UK receded.

(3) The US is considering unilateral restrictions on China’s access to AI memory chips and equipment capable of making those semiconductors as soon as next month, a move that would further escalate the tech rivalry between the world’s biggest economies.

(4) Republican nominee Donald Trump questioned Vice President Kamala Harris’ racial identity at a contentious roundtable with Black journalists, fumbling an attempt to reach out to voters of color.

(5) More than 100 people have been arrested outside Downing Street after a violent protest broke out in the wake of the Southport attack.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Hamas said its political leader, Ismail Haniyeh, was killed in an airstrike in Tehran that it blamed on Israel, putting the Middle East on edge for potentially even more violence.

(2) The Bank of Japan raised its benchmark interest rate and unveiled plans to halve its bond purchases in actions that underscore its determination to normalize policy.

(3) The chancellor has said the government will likely raise some taxes in October's Budget after months of speculation about Labour's stance on tax.

(4) Microsoft’s Azure cloud-computing service posted a slowdown in quarterly growth, disappointing investors anxious to see a payoff from huge investments in artificial intelligence products

(5) Far-right protesters fueled by anger and false online rumours hurled bottles and stones at police, wounding more than 20 officers Tuesday outside a northwest England mosque near where three girls were fatally stabbed a day earlier.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Chancellor of the Exchequer Rachel Reeves made one thing clear in her audit of UK public spending on Monday. The new Labour government plans to front-load the bad news, leaving as much time as possible to repair and rebuild the economy before the next election in five years' time.

(2) Standard Chartered expanded its multi-billion dollar share buyback program as the bank reported a rise in pretax profits driven by its wealth business.

(3) Chinese brands captured 11% of the European electric-car market in June, notching record registrations as manufacturers raced to beat stiff European Union tariffs that took effect early this month.

(4) Donald Trump said he expects to eventually debate Vice President Kamala Harris, the presumptive Democratic nominee, after previously declining to commit to appear at a scheduled face-off.

(5) Venezuela's opposition can prove that Edmundo González won Sunday's election, according to María Corina Machado, who led the campaign against President Nicolás Maduro.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel attacked Hezbollah targets on Sunday and threatened further retaliation for a rocket strike that killed 12 youngsters while signaling openness to a proposed Gaza truce that could also calm the second and more combustible front with Lebanon.

(2) Vice President Kamala Harris raised $200 million in her first week as a 2024 presidential contender, highlighting the surge of enthusiasm among Democrats for their new presumptive nominee that's also showing up in polls.

(3) Apple's upcoming artificial intelligence features will arrive later than anticipated, missing the initial launch of its upcoming iPhone and iPad software overhauls but giving the company more time to fix bugs.

(4) UK Chancellor Rachel Reeves will promise in a speech on Monday to "fix the foundations" of the British economy as she seeks to expose the spending squeeze she inherited.

(5) Former UK Business Secretary Kemi Badenoch is joining the race to lead the Conservative Party following the worst election defeat in its history, with bookmakers currently making her favorite to win the contest.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of next week’s Fed meeting and jobs report in the U.S, along with tech earnings..
In the UK – a preview of next week’s Bank of England meeting.
In Asia – a look at earnings from tech companies Apple and Samsung.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Trains to and from Paris, including the international Eurostar service, were hit by what authorities called a "massive attack aimed at paralyzing the network" of France's super-fast trains just hours ahead of the inauguration ceremony of the 2024 Olympic Games.

(2) UK Chancellor of the Exchequer Rachel Reeves is leaning toward offloading a substantial portion of the government's £5.6 billion stake in NatWest Group to institutional shareholders rather than continuing with her predecessor's plans to offer it up to the UK public, according to people familiar with the matter.

(3) NatWest shares soared after it boosted its forecast for full-year revenue as the lending giant continues to reap some benefits from stubbornly high interest rates.

(4) Wagers on aggressive easing by the Fed have been rising in recent days amid debate over whether the central bank should act when it meets next week. Former New York Fed President Bill Dudley told Bloomberg that US policymakers should reduce rates at that gathering.

(5) JPMorgan has launched a generative artificial intelligence tool and told employees to think of it as a research analyst that can offer information, solutions and advice, according to an internal memo viewed by Bloomberg.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) wagers on aggressive easing by the Fed have been rising in recent days amid debate over whether the central bank should act when it meets next week. Former New York Fed President Bill Dudley told Bloomberg that US policymakers should reduce rates at that gathering.

(2) The assumptions that have driven this year's global financial markets are being rapidly rethought. In bond and currency markets, investors are racing to redeploy money amid mounting doubt over the outlook for the US economy,

(3) Hermès sales jumped in the second quarter as the Birkin bag maker weathered the luxury demand slowdown better than peers, thanks to its reliance on the wealthiest clients.

(4) UK Chancellor of the Exchequer Rachel Reeves is leaning toward offloading a substantial portion of the government's £5.6 billion stake in NatWest Group to institutional shareholders rather than continuing with her predecessor's plans to offer it up to the UK public, according to people familiar with the matter.

(5) With the Summer Games set to open, organizers say they expect a flurry of additional cyberattacks. They have many reasons to worry. Russia, for one, is shut out of the Games. Geopolitical tensions in the Middle East and the South China Sea are running high, and cybercriminals continue to bombard corporate computer networks with hacking attempts.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Joe Biden framed his momentous decision to drop out of the 2024 race as a bid to unify the nation under a new generation of leaders, in his first speech since ending his reelection campaign and political career.

(2) Donald Trump attacked Democrats on abortion, seeking to position himself as a moderate voice on the issue as he pivoted to a new general election challenger, Vice President Kamala Harris.

(3) Investors soured on the promise of artificial intelligence Wednesday, sparking a $1 trillion rout in the Nasdaq 100 Index as questions swirled over just how long it will take for the substantial investments in the technology to pay off.

(4) Chancellor of the Exchequer Rachel Reeves will tell international counterparts that Britain is “open for business” on her first overseas trip since taking office, as she continues the new Labour government’s push for growth.

(5) Thames Water asked regulators to help it avoid massive fines after it was downgraded to junk by Moody’s Ratings, adding to the financial pressure on Britain’s biggest water supplier.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Deutsche Bank said it will most likely refrain from conducting a second share buyback this year, after suffering its first quarterly loss in four years.

(2) BNP Paribas equities traders for the first time ever made more money than their fixed-income colleagues, highlighting the unit's growth over the past several years.

(3) Euro-area private-sector activity barely grew this month as its top economy unexpectedly slumped. S&P Global's composite Purchasing Managers' Index fell to 50.1 in July, according to data published Wednesday.

(4) Tesla reported another quarter of disappointing profit and confirmed a highly anticipated unveiling of autonomous taxis has been postponed, putting the carmaker's furious stock rally at risk.

(5) The UK's new prime minister Keir Starmer has suspended the party whip from seven of his own MPs after they backed a rebel amendment to scrap Britain's two-child cap on welfare payments, the first rebellion he's faced in the House of Commons since winning power.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Tesla reported its fourth straight quarter of disappointing profits on Tuesday, and Chief Executive Officer Elon Musk made clear that better days are still a ways off.

(2) Google parent Alphabet reported second-quarter revenue that exceeded analysts’ expectations, boosted by demand for cloud-computing services and advertising on its search engine.

(3) LVMH sales growth slowed last quarter as wealthy shoppers reined in spending on pricey Louis Vuitton handbags and Christian Dior couture.

(4) Vice President Kamala Harris assailed Republican Donald Trump in her first rally since launching her bid for the White House, characterizing their contest as a choice between two starkly divergent agendas for the US economy.

(5) The UK’s new prime minister Keir Starmer has suspended the party whip from seven of his own MPs after they backed a rebel amendment to scrap Britain’s two-child cap on welfare payments, the first rebellion he’s faced in the House of Commons since winning power.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Kamala Harris has more than enough pledged delegates to clinch the Democratic presidential nomination, following an extraordinary two-day blitz that saw the vice president consolidate her party’s backing to challenge Donald Trump in November.

(2) Vice President Kamala Harris, the clear favorite for her party’s presidential nomination after potential rivals lined to up back her, has a deep bench of Democratic rising stars to draw from in choosing her running mate.

(3) The sudden elevation of Vice President Kamala Harris as the Democratic front-runner injects fresh uncertainty into the US election for world leaders already grappling with the implications of Donald Trump’s potential return to the presidency.

(4) The European Union’s foreign policy chief said he plans on moving an August meeting of the bloc’s foreign and defense ministers from Budapest to Brussels to protest Viktor Orban’s diplomatic forays.

(5) Prime Minister Keir Starmer’s ambition to lift UK economic growth to 2.5% a year is expected to be dealt a blow when the Bank of England releases new forecasts next week.

(6) Porsche cut its full-year revenue forecast, saying a shortage of aluminum parts could cause it to stop production of some models.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Joe Biden abandoned his reelection bid, bowing to relentless pressure from Democrats to drop out over fears he was too feeble to beat Donald Trump and injecting fresh chaos into the 2024 election.

(2) Notable Democrats including Bill and Hillary Clinton and former Labor Secretary Robert Reich were quick to endorse Kamala Harris as the party’s presidential candidate after Joe Biden dropped out of the race.

(3) Investors have been amassing wagers on Donald Trump’s return to the White House for weeks, trimming holdings of long-term US bonds and buying Bitcoin, among other things. Now, they’re considering whether Joe Biden’s exit from the race boosts the odds of a Democrat victory — and how much they must re-calibrate their bets.

(4) As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp. for misleading the public about climate change.

(5) Xander Schauffele captured the British Open, shooting a 6-under 65 in the final round, which started with nine players separated by only three shots. With the win, Americans swept golf’s majors for the first time since 1982.

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Listen to the 'Here's Why' podcast: - on Apple: https://apple.co/3Lg3RGn - on Spotify: https://spoti.fi/3LiIX9q - or Anywhere: https://bit.ly/3xYsHHy.

Each episode of 'Here's Why' uses experts at Bloomberg to explain one news story in just a few minutes.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S GDP and Core PCE data, and a preview of Tesla earnings.
In the UK – a look ahead to the Paris Olympic Games.
In Asia – a look at how the U.S election will shape the U.S, China relationship.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A series of technical glitches disrupted services at airlines, banks and the London Stock Exchange on Friday, an unusually widespread cascade of failures that erupted from the US to Asia after Microsoft reported an outage across its online services.

(2) Donald Trump delivered his first public address since surviving a failed assassination attempt, relating an incident in detail that he called "too painful to tell."

(3) President Joe Biden's grasp on the Democratic presidential nomination appeared to be slipping Thursday, as he weighed increasingly public warnings from his party's top lawmakers while in isolation for a Covid-19 infection at his Delaware beach house.

(4) Chancellor of the Exchequer Rachel Reeves warned "difficult decisions" lie ahead as she tries to fix Britain's public finances, raising the prospect of tax hikes or spending cuts in her first Budget in the autumn.

(5) Englishman Daniel Brown is the surprise clubhouse leader going into the second round of the Open Championship golf. He's on 6-under par at Royal Troon, a stroke clear of 2019 winner Shane Lowry.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump delivered his first public address since surviving a failed assassination attempt, relating an incident in detail that he called "too painful to tell."

(2) President Joe Biden's grasp on the Democratic presidential nomination appeared to be slipping Thursday, as he weighed increasingly public warnings from his party's top lawmakers while in isolation for a Covid-19 infection at his Delaware beach house.

(3) For more than two years, inflation has eclipsed everything else at the Federal Reserve. In a shift eagerly awaited by global markets, that's poised to change.

(4) Chancellor of the Exchequer Rachel Reeves warned "difficult decisions" lie ahead as she tries to fix Britain's public finances, raising the prospect of tax hikes or spending cuts in her first Budget in the autumn.

(5) Englishman Daniel Brown is the surprise clubhouse leader going into the second round of the Open Championship golf. He's on 6-under par at Royal Troon, a stroke clear of 2019 winner Shane Lowry.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Joe Biden can’t catch a break. It seemed like things couldn’t get much worse for the president after he was diagnosed Wednesday with Covid-19, dashing his hopes of counter-programming the Republican National Convention by forcing him to cancel an appearance before a key Latino advocacy group.

(2) Then, the dam broke. A flood of leaks detailed senior leaders in the Democratic Party warning Biden personally that he was unlikely to defeat Donald Trump and was putting his congressional allies at great risk.

(3) Senator JD Vance’s debut speech as the Republican vice presidential nominee was a fiery demonstration of the most powerful assets he offers Donald Trump’s campaign: a stridently populist economic message tailored for key swing states and a symbol of generational change.

(4) Keir Starmer spent the UK election campaign promising to reset Britain’s relationship with Europe after years of soured relations since Brexit. Just two weeks into his tenure, he’ll be able to immerse himself in that endeavor as he hosts over 40 of the continent’s leaders at Winston Churchill’s ancestral home on Thursday.

(5) Federal Reserve Governor Christopher Waller said the economy is getting closer to a point where the central bank can reduce borrowing costs but indicated he’d like to see a “bit more evidence” inflation is on a sustained downward path.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US Secret Service boosted security around former President Donald Trump after picking up intelligence in recent weeks of an Iranian plot to assassinate him, people familiar with the matter said, adding that the threat was separate from the attempt on his life last weekend.

(2) Elon Musk said he will relocate the headquarters for X and SpaceX to Texas, a likely symbolic move that adds more fuel to the billionaire’s efforts to align himself with the political right and distance himself from left-leaning California .Musk made the announcement

(3) Prime Minister Keir Starmer will flesh out Labour’s plans from border control to smoking as he sets out the new UK government’s legislative agenda for the coming Parliamentary session in a King’s Speech on Wednesday.

(4) French President Emmanuel Macron appointed a caretaker government on Tuesday until negotiations to find a new prime minister bear fruit.

(5) A growing number of Wall Street economists are cautioning the Federal Reserve is waiting too long to reverse course after raising interest rates to a two-decade high.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump tapped JD Vance as his running mate, elevating to the Republican presidential ticket a venture capitalist-turned-senator whose embrace of populist politics garnered national attention and made him a rising star in the party.

(2) President Joe Biden defended his suggestion that Donald Trump should be “put in the bullseye” in an NBC News interview Monday following the assassination attempt on his Republican opponent.

(3) Elon Musk is pledging to pour $45 million a month into a pro-Donald Trump political group, a move that would flood the Republican nominee’s reelection effort with cash through the November election.

(4) Federal Reserve Chair Jerome Powell said second-quarter economic data has provided policymakers greater confidence that inflation is heading down to the central bank’s 2% goal, possibly paving the way for near-term interest-rate cuts.

(5) The euro-area economy is gradually picking up and activity is on track to accelerate over the remainder of the year, European Economy Commissioner Paolo Gentiloni said on Monday.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Former President Donald Trump says he rewrote Republican National Convention speech to call for unity instead of focusing on President Joe Biden, he says in an interview with Washington Examiner.

(2) President Joe Biden implored candidates to cool their rhetoric after the assassination attempt on Donald Trump, warning the nation was heading down a dangerous path in which violence subverts the will of Americans.

(3) -The US Secret Service is facing harsh public scrutiny and investigations as the assassination attempt of former President Donald Trump thrusts an agency with a checkered past into the center of a political firestorm.

(4) China's economy grew at the worst pace in five quarters as efforts to boost consumer spending fell short, piling pressure on Beijing to lift confidence at a twice-a-decade policy meeting this week.

(5) England's 58 year wait for a trophy will continue after losing 2-1 to Spain in the Euro 2024 final last night. Gareth Southgate's side were aiming to become the country's first men's team to win a major trophy since 1966.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S Retail sales and Netflix earnings.
In the UK – a look ahead to a meeting of the European Political Community.
In Asia – a preview of China’s Third Plenum meeting.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Joe Biden vowed he would remain in the 2024 presidential race, but two critical mistakes in the span of two hours deepened concerns about his mental acuity that threaten his campaign.

(2) US and German security services foiled a Russian plot to assassinate the chief executive officer of Rheinmetall AG, a German arms manufacturer producing weapons for Ukraine, people familiar with the matter said.

(3) - President Emmanuel Macron sought to convince fellow NATO leaders in Washington this week that the political turmoil in France wouldn't affect his ability to support the military alliance's goals, particularly when it comes to Ukraine.

(4) Federal Reserve Bank of Chicago President Austan Goolsbee described the latest inflation data as "excellent," adding the figures provided the evidence he's been waiting for to be confident the central bank is on a path to its 2% goal.

(5) The UK's Labour Party was propelled to a landslide victory in last week's general election by voters with mortgages, a new study shows, suggesting a desire for change among homeowners who are facing higher borrowing costs.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Joe Biden faced mounting opposition within his own party Wednesday as a Senate Democrat joined a growing number of House lawmakers in calling on him to step aside.

(2) UK regulators have overhauled their rules for companies looking to make their public debut in London, part of a concerted effort to draw more initial public offerings to the City.

(3) Chancellor of the Exchequer Rachel Reeves faces the prospect of a budgetary hole worth as much as £30 billion pounds ($39 billion) that would hinder the ability of the UK's new government to fix the country's ailing public services.

(4) Archegos Capital Management founder Bill Hwang was found guilty of criminal charges stemming from his firm's 2021 collapse, concluding a two-month trial that captivated Wall Street.

(5) Ukraine is deploying an aerial arsenal of toy drones and duct-taped bombs to fight Russia as the economics of war changes.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Keir Starmer signaled Ukraine can use Britain’s Storm Shadow missiles to strike military targets inside Russia, confirming he would continue the previous UK government’s policy on the use of its long-range weapons in the Russia-Ukraine war.

(2) Even as congressional Democrats argued Tuesday over whether to stand behind Joe Biden’s candidacy, the White House and lawmakers grasped for a unified strategy: trying to change the subject from the president’s mental acuity to Donald Trump’s policy goals.

(3) French President Emmanuel Macron’s former prime minister, Edouard Philippe, called for parties of the center and center-right to join forces to form a new government as political jockeying gains steam in the aftermath of a snap election that has left the country’s parliament deeply divided.

(4) Federal Reserve Chair Jerome Powell said officials are increasingly wary of potential risks to the labor market from high borrowing costs as they seek more evidence inflation is slowing down.

(5) China’s consumer prices eked out another small gain in June, hovering near zero for a fifth month, a sign that deflationary pressures continue to impede an economic recovery.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Joe Biden has not undergone any special neurological testing since his annual physical in February, his physician said as the administration looked to quell concerns about frequent visits to the White House by a Parkinson’s specialist.

(2) Joe Biden and NATO’s 31 other leaders had hoped their summit this week would celebrate fresh unity against Russia’s Vladimir Putin, send a warning to China and prove the alliance is as strong as ever in its 75th year.

(3) A political shock in France has forced bond investors to confront the reality that the nation’s fiscal deficit is an issue for here and now, not years down the road.

(4) Traders should brace for a significant pullback in the stock market as uncertainty swirls around the US presidential campaign, corporate earnings and Federal Reserve policy, according to Morgan Stanley’s Mike Wilson.

(5) Archegos Capital Management founder Bill Hwang’s lawyer made his final pitch to a jury poised to start deliberating his fate, arguing the US government’s fraud and market-manipulation case over the meltdown of the prolific investor’s family office “makes no sense.”

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A left-wing coalition is on course to win the most seats in France’s legislative election in a surprise blow to far-right leader Marine Le Pen, who had hoped to form the next government.

(2) France looks headed for political instability after a surprise win by a left-wing coalition in Sunday’s legislative election offered no party a path to claim the majority needed to govern.

(3) The likelihood of a fragile French government after a shock victory for the left has analysts rushing to gauge the impact on markets there and beyond.

(4) Rachel Reeves will lay out the new Labour government’s plans to spur private investment in her first major speech as Chancellor of the Exchequer on Monday, as the party tries to ride the momentum of its landslide UK election win last week in a dash for economic growth.

(5) Several influential congressional Democrats said privately on Sunday they want Joe Biden to step aside as the party’s White House nominee, as the US president enters a pivotal week for his teetering reelection campaign

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week:

In the US – it's the start of earnings season and the Archegos trial goes to jury
In the UK – we look at the challenges facing new Prime Minster Keir Starmer
In Asia – we will preview China's trade and CPI/PPI data

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Keir Starmer's Labour Party won the UK general election and is on course for a huge parliamentary majority with votes still being counted, a result that upends British politics after Rishi Sunak's Conservatives imploded.

(2) Labour passed the magic number of 326 seats for a House of Commons majority just before 5 a.m. on Friday, confirming a change of government that was predicted for months but is still a remarkable turnaround for Starmer's party in a single electoral cycle.

(3) Some big Tory names have already lost their seats including Defence Secretary Grant Shapps. The exit poll puts them on course to win 131 seats, as Nigel Farage's populist Reform UK Party took chunks out of the Tory support.

(4) UK equity-index futures climbed and the pound held recent gains after the Labour Party won a majority of seats in Parliament, giving it a clear mandate to deliver on its pledge for greater economic stability.

(5) Before the vote, Labour placed economic stability at the top of its manifesto and pledged to stick to tough spending rules. Rachel Reeves, an ex-Bank of England staffer who's set to become the UK's finance minister, said that the administration would not raise three of the UK's key taxes on wages and goods.

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On today's podcast:

(1) The drumbeat of pressure on Joe Biden to drop out of the US presidential race intensified Wednesday with a bombshell report in the New York Times that he had conceded the possibility to a key ally, as well as movement within his own party to demand his withdrawal.

(2) Vice President Kamala Harris has long been written off by many fellow Democrats, with her struggles as the second-in-command seeming to dim her prospects of one day becoming president. But as pressure mounts on President Joe Biden to step aside, party members are suddenly seeing her in a new light.

(3) Ukrainian President Volodymyr Zelenskiy said Donald Trump should come forward with his plan to quickly end the war with Russia, warning that any proposal must avoid violating the nation’s sovereignty.

(4) Just over six weeks since a UK general election was called, voters will have their say on the next government with polling stations open from 7am to 10pm.

(5) Federal Reserve officials said they were awaiting additional evidence that inflation is cooling and were divided on how long to keep interest rates elevated at their last policy meeting

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On today's podcast:

(1) Boris Johnson made an unexpected campaign appearance on Tuesday night to urge Conservative voters to deny Labour a landslide victory at the UK general election, a last throw of the dice by Rishi Sunak's Tories to try to prevent huge losses that are expected at Thursday's vote.

(2) The last time the Labour party took over from the Conservatives, it shocked markets by surrendering control of UK interest rates to a newly-independent Bank of England in its first days on the job.

(3) Marine Le Pen's National Rally is trying to outmaneuver rivals that are pulling out well-worn tricks to keep the far-right out of power in the final round of legislative elections on Sunday.

(4) President Joe Biden blamed travel plans that took him to France and Italy in the weeks ahead of his disastrous debate against Donald Trump for his poor performance on stage, seeking to explain a moment that has upended the 2024 race and imperiled his re-election prospects.

(5) For the first time in its history, the S&P 500 closed above 5,500 on Tuesday to extend a blistering 2024 rally that's left analysts scrambling to update their targets.

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On today's podcast:

(1) The European Central Bank doesn’t yet have sufficient evidence that inflation threats have passed, President Christine Lagarde said — feeding expectations that officials will take a break from cutting interest rates this month.

(2) French President Emmanuel Macron’s centrist alliance and the left-wing New Popular Front are weighing whether to pull candidates from the second round of the legislative election on Sunday to keep the ascendant far right out of power.

(3) Tuition caps and rising inflation have forced schools to slash costs and recruit more lucrative international students. That strategy is now colliding with limits on immigration.

(4) The Democratic National Committee is considering formally nominating Joe Biden as early as mid-July to ensure that the president is on November ballots, while helping to stamp out intra-party chatter of replacing him after last week’s poor debate performance.

(5) The criminal trial over Donald Trump’s attempt to overturn the 2020 election could be delayed for a year or more after the US Supreme Court ruled Monday that presidents have some immunity for their “official” acts.

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On today's podcast:

(1) Marine Le Pen’s National Rally scored an emphatic victory in the first round of France’s legislative election and set its sights on an absolute majority as President Emmanuel Macron and her other opponents began maneuvering to keep the far right from power.

(2) The euro strengthened as traders digested signs Marine Le Pen’s far-right party was poised to win the first round of France’s legislative election with a smaller margin than some polls had indicated.

(3) Officials arriving at the European Central Bank’s annual retreat in Portugal this week will struggle to escape the political drama engulfing the euro zone’s second-biggest state.

(4) Opinion polls in Britain are still pointing to a crushing defeat for the governing Conservatives after 14 years in power as the election campaign reaches its final days.

(5) President Joe Biden’s campaign is going on the attack against a chorus of donors, consultants, officials and media voices calling on him to drop out of the 2024 race after his devastating debate performance.

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Bloomberg Daybreak Weekend with Guest Host John Tucker takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the June jobs report.
In the UK – a look ahead to UK elections.
In Asia – a look ahead to the July 1st anniversary of the handover of Hong Kong to China from British colonial rule.

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On today's podcast:

(1) President Joe Biden stumbled through exchanges in Thursday's presidential debate, a performance that risks exacerbating concerns about his age and intensifying Democratic worries about their candidate's ability to defeat Republican Donald Trump in November's election.

(2) The International Monetary Fund said Thursday that the US is running deficits that are too big and is weighed down by too much debt, and it warned of dangers from increasingly aggressive trade policies.

(3) European Union leaders nominated Ursula von der Leyen for a second term as president of the bloc's executive arm, as part of an agreement on top jobs for the next five-year mandate.

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On today's podcast:

(1) Keir Starmer accused Rishi Sunak of being “out of touch” with voters as the Labour leader promised to fix Britain’s stagnant economy and ailing public services, and the prime minister used the final televised debate to attack his poll-leading rival on taxes ahead of next week’s election.

(2) Finance chieftains are once again looking to invest in London as political turmoil in France and the US make the UK look more competitive on the global stage, according to the chief executive officer of a top London lobbying group.

(3) Former French President Francois Hollande indicated he’d be ready to build a new coalition that could govern if elections deliver a hung parliament as a leftist bloc he’s joined struggles to paper over internal divisions.

(4)European Union leaders are poised to nominate Ursula von der Leyen for a second term as president of the bloc’s executive arm as part of a top jobs deal for the next five-year mandate.

(5) The era of big paychecks for Chinese financiers is fast coming to an end as some of the industry’s biggest companies impose strict new limits to comply with President Xi Jinping’s “common prosperity” campaign.

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On today's podcast:

(1) Leaders of France’s three biggest political groups clashed in their first televised debate on everything from retirement and taxes to immigration as they sought to convince voters that they can be trusted to run Europe’s second-biggest economy.

(2) Keir Starmer, who polls show is on course to be Britain’s next prime minister, said his Labour Party would target economic growth of at least 2.5% if it came to power at the July 4 general election.

(3) Italy will be offered the chance to fill a senior role in the next European Commission as centrist parties look to wrap up a deal on the bloc’s top jobs before a summit later this week.

(4) Federal Reserve Governor Lisa Cook said it will be appropriate to reduce interest rates “at some point,” adding that she expects inflation to improve gradually this year before more rapid progress in 2025.

(5) Rivian Automotive will get a much-needed cash infusion through a new partnership with Volkswagen AG as automakers large and small rethink their strategies in a slowing electric-vehicle market.

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On today's podcast:

(1) Nvidia Corp. shares entered correction territory on Monday, as an ongoing selloff erased a historic amount of value for the AI-focused chipmaker.

(2) The Federal Reserve has shown other US regulators a three-page document of possible changes to their bank-capital overhaul that would significantly lighten the load on Wall Street lenders, according to people familiar with the matter.

(3) Wikileaks co-founder Julian Assange will plead guilty to leaking US national security secrets and return to his home country of Australia, under a deal with the Justice Department that ends an almost 15-year battle over his prosecution.

(4) President Emmanuel Macron said the agendas of the far-right and far-left blocs in France’s upcoming legislative elections pit the country’s people against each other, going so far as to say that “extreme” parties could spark a “civil war.”

(5) Britain’s housing crisis has become so acute that the next government will need to build the equivalent of another city the size of London to make up for five decades of below-target construction, analysis of official data shows.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Rishi Sunak's chances of avoiding a landslide defeat in the UK general election dwindled further as his governing Conservative Party struggled to contain revelations that several of the prime minister's close aides placed bets on the date of the vote.

(2) Emmanuel Macron again sought to explain his decision to dissolve parliament, saying he aimed to take into account the defeat his party suffered in European elections and to avoid an even greater risk of turmoil to come.

(3) China and the European Union agreed to start talks on the bloc's plans to impose tariffs on electric vehicles imported from the Asian nation.

(4) US prosecutors have recommended to senior Justice Department officials that Boeing Co. face criminal charges for violating a settlement related to two fatal crashes, Reuters reported, citing two people familiar with the matter it didn't identify.

(5) The so-called Ozempic Revolution has wiped billions off the market value of food and drink companies. But new weight-loss drugs are giving a boost to at least one line of products that have sometimes previously faced sluggish demand: yogurt.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S GDP, PCE data.
In the UK – a look ahead to Iran’s Presidential election.
In Asia – a discussion on the first 2024 U.S Presidential debate and how the U.S-China relationship will gain attention.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French President Emmanuel Macron spent much of his tenure persuading bankers and fund managers to flock to Paris after Brexit. His decision to call snap elections may give some in the industry pause.

(2) German Chancellor Olaf Scholz and the leaders of the country’s 16 federal states discussed plans to outsource asylum procedures to a third country, inspired by similar initiatives in the UK and Italy.

(3) As the cheap-money era fades into history, the world’s biggest real-estate investor Blackstone is moving into riskier new terrain in the hunt for stellar returns.

(4) The Bank of England breathed fresh life into hopes for an imminent cut in interest rates, hinting that more of its officials may be close to backing a pivot away from the highest borrowing costs in 16 years. UK consumer confidence improved for a third consecutive month to the strongest level in 2 and 1/2 years, reflecting a rosier economic outlook ahead of the general election.

(5) Keir Starmer is preparing a blitz of planning reforms if his Labour Party wins the UK election next month, aimed at immediately boosting housebuilding in Britain as he seeks to deliver 1.5 million homes over five years.

(6) A pair of large bets in the fed funds futures market are attracting attention on Wall Street by setting aside the market-implied consensus for the Federal Reserve’s first interest-rate cut.

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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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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Nvidia’s relentless rally has propelled the semiconductor giant’s market capitalization over its mega-cap tech peers, helping it clinch the title of the world’s most-valuable company as the artificial intelligence wave continues.

(2) Rishi Sunak’s Conservatives are on track to lose more than two thirds of the seats they won at the last general election when Britons cast their votes next month, according to the latest seat-by-seat analysis pointing to an electoral wipe-out for the prime minister’s party.

(3) Some UK private schools say they’ll have to cut bursary programs that help low-income families should the party follow through on charging schools a value-added tax.

(4) France and Italy will be among seven countries that will face a European Union infringement procedure for their excessive deficits last year, according to a person familiar with the matter.

(5) National Rally leader Jordan Bardella said he will not become prime minister if his party doesn’t get a resounding victory in France’s snap election, setting a high bar for the far right to take the reins of policymaking.

(6) Russian President Vladimir Putin arrived for his first visit to North Korea in 24 years as the US warned the meeting could further arms transfers from Kim Jong Un’s regime that aid the Kremlin in its assault on Ukraine.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) France’s political turmoil is causing concern in some European Union capitals that initiatives like joint military spending and a fresh push to support Ukraine could fall by the wayside.

(2) European Central Bank President Christine Lagarde said officials are being “attentive” to financial market-developments, shortly after her colleague Philip Lane said he’s not worried about French turbulence.

(3) Nickel is pouring into the electric vehicle supply chain from an Indonesian industrial park with a history of fatal accidents.

(4) Russian President Vladimir Putin will visit North Korea and Vietnam in rare trips to long-time partners as he faces renewed challenges in his war on Ukraine.

(5) Banks and asset managers including HSBC Holdings and BlackRock are helping finalize proposals for UK housing and energy policy that could form key planks of the Labour Party’s growth agenda if it wins next month’s general election.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Far-right leader Marine Le Pen said she won't try to push out President Emmanuel Macron if she wins France's snap parliamentary election in an appeal to moderates and investors.

(2) French and Swiss finance firms are more likely to have former politicians as board members than their European peers, underscoring the close links between policy making and the world of money in the two nations, an Ernst & Young study showed.

(3) The specter of the UK's epic market meltdown two years ago is looming large over politicians as Britain prepares to go to the polls on July 4.

(4) Less than three weeks before the UK's general election, Prime Minister Rishi Sunak was beset by disastrous polls over the weekend that suggest he has little chance of turning his Conservative Party's fortunes around before the vote on July 4th.

(5) In the face of calls around the world to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investment that flowed across borders since Covid struck.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look ahead to U.S Retail Sales, and Housing data.
In the UK – a preview of next week’s Bank of England meeting.
In Asia – a look ahead to a slew of Chinese eco activity data.

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Your morning briefing, the business news you need in just 15 minutes.

On Today's Podcast:

(1) The Bank of Japan is making investors wait until its July meeting for details on its paring of bond buying, sparking renewed weakness in the yen and a pushing back of bets on an interest rate hike next month.

(2) French bonds tumbled, driving yields over safer German peers to the highest level in seven years, amid concerns Marine Le Pen’s far-right National Rally party will usher in looser fiscal policies if it wins upcoming elections.

(3) Reform UK leader Nigel Farage declared his party “the opposition to Labour” after an opinion poll showed it had overtaken the Conservatives for the first time, the latest evidence suggesting Prime Minister Rishi Sunak is heading for a heavy election defeat.

(4) Labour Leader Keir Starmer set out his party’s plan for government in a cautious pitch focused on growth and security that prioritized preserving a commanding lead in UK polls, while skirting the tough economic choices he’ll have to make if he wins power.

(5) The UK’s Labour Party confirmed plans to raise taxes on private equity fund managers. In its election manifesto, published Thursday, Labour pledged to change the taxation rules, which the party said would raise £565 million ($722 million) annually if it wins the general election on July 4.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve officials have dialed back their expectations for interest-rate cuts this year, though Chair Jerome Powell kept the door open for more as he emphasized the new forecasts represented a conservative approach.

(2) G7 leaders are set to reach a political agreement to provide Ukraine with $50 billion of aid using the profits generated by frozen Russian sovereign assets, according to an Elysee official.

(3) Labour is expected to reiterate its promise to target carried interest in its election policy pledges when the party announces its election manifesto today.

(4) French President Emmanuel Macron said he won't resign if his party suffers a poor result in a snap parliamentary election as he appealed to voters not to succumb to the "fever of the extremists."

(5) Fired SpaceX engineers have filed a lawsuit against Elon Musk for sexual harassment and retaliation in California state court, escalating their multifront legal battle with the billionaire chief executive and his aerospace company. SpaceX and Elon Musk did not immediately respond to requests for comment on the lawsuit.

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On today's podcast:

(1) Finance Minister Bruno Le Maire warned that France would be plunged into a debt crisis similar to one sparked in the UK two years ago if far-right leader Marine Le Pen were to win legislative elections slated for the end of the month and implement her economic program.

(2) Conservatives on the left and right of the UK's ruling party lashed out against Prime Minister Rishi Sunak's manifesto, saying there's little prospect the electoral offer will shift opinion polls showing Keir Starmer's Labour is set for power in next month's election.

(3) Federal Reserve officials may not be ready to finalize closely watched projections for interest rates until the publication of a key report on consumer prices on the final day of their two-day policy meeting.

(4) The Biden administration is considering further restrictions on China's access to chip technology used for artificial intelligence, targeting new hardware that's only now making its way into the market, people familiar with the matter said.

(5) While the Italian prime minister's star keeps rising internationally, problems lurk back home with allies she can't quite trust and an economy operating on borrowed time.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:
(1) Rishi Sunak faced last-minute calls by cabinet ministers to add new tax cuts and a tougher migration policy to the Conservative manifesto after early drafts provoked disquiet over the lack of big-ticket pledges that might prevent a heavy defeat in the UK general election.

(2) Far-right leader Marine Le Pen’s National Rally is seen garnering 34% of voter intentions in the first round of upcoming French legislative elections, compared with 19% for President Emmanuel Macron’s ruling party, according to a poll.

(3) Bill Gross is finding opportunities in Europe after surprising election results in the region rattled markets and sent French bond yields to their highest mark this year.

(4) The European Central Bank must stay cautious, and last week’s cut in borrowing costs won’t necessarily be followed by further rapid moves, according to President Christine Lagarde.

(5) Apple took the wraps off long-awaited new artificial intelligence features, including a partnership with ChatGPT maker OpenAI, betting that a personalized and understated approach to the technology will win over customers.

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On today's podcast:

(1) After a crushing defeat in the European Parliament election on Sunday, French President Emmanuel Macron called a snap legislative ballot in a desperate bid to stop the rise of his far-right rival, Marine Le Pen.

(2) Prime Minister Giorgia Meloni is set to solidify her power after winning the vote in Italy for the European Parliament as far-right parties gained across the union.

(3) Benny Gantz resigned from Israel's emergency government and called for elections, criticizing Prime Minister Benjamin Netanyahu over his handling of the war against Hamas.

(4) Britain's Labour opposition has scrapped plans to reintroduce a tax-free limit on pension saving as the five main political parties prepare to publish their manifestos this week amid questions about how they'll pay for their campaign pledges.

(5) Apple's developers conference on Monday will show whether the iPhone maker can become a major player in the burgeoning field of artificial intelligence, marking a critical moment for a company forced to adapt to a new era.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of next week’s U.S CPI data and Fed decision, and a look at Apple’s Worldwide Developers Conference.
In the UK – a preview of London tech week.
In Asia – a look ahead to India CPI data and a monetary policy decision from the Bank of Japan.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) After a series of recent setbacks, Europe’s far-right parties are aiming for gains in elections to the European Parliament that kicked off on Thursday.

(2) The European Central Bank delivered on its promise to cut interest rates but left investors querying where policy is headed next by also saying it will take longer for inflation to reach 2%.

(3) In a staggering loss for US prosecutors, a jury found UK tech tycoon Mike Lynch not guilty of criminal charges that he pulled off Silicon Valley’s biggest-ever fraud 13 years ago by duping Hewlett Packard Co. into buying his software startup for $11 billion.

(4) Britain’s next government will immediately face a funding crunch in town halls after councils warned of a £6.2 billion ($7.9 billion) hole in their budget plans over the next two years.

(5) Keir Starmer’s Labour Party plans to provide mortgage guarantees to first-time buyers in a bid to help young Britons get onto the housing ladder if it wins next month’s general election.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The European Central Bank is poised to start lowering interest rates from record highs, confident that inflation is sufficiently contained to ease the burden on the economy.

(2) Nvidia was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.

(3) A flood of cash from passive equity allocations will pour into the stock market in early July, setting up a continuing rally through the early summer, according to Goldman Sachs Group Inc.’s trading desk.

(4) LondonMetric Property will join the FTSE 100 Index in a reshuffle that pushes Ocado Group out of Britain’s blue-chip gauge for the first time in six years.

(5) The return of Brexit architect Nigel Farage as leader of Reform UK and a candidate in next month’s general election has seen the right-wing party close to within just two points of Prime Minister Rishi Sunak’s governing Conservatives, threatening a dire election result for the premier, a new poll by YouGov showed.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Rishi Sunak reached for a tried-and-tested Conservative weapon in his first UK election campaign debate with Keir Starmer, repeatedly warning that the Labour leader would raise taxes. But their heated prime-time TV clash showed up the prime minister’s own weaknesses as much as his opponent’s.

(2) Indian Prime Minister Narendra Modi is gearing up for coalition talks after his party lost its majority in parliament, forcing him to rely on allies to form a government for the first time since he stormed to power a decade ago.

(3) US job openings fell in April to the lowest level in over three years, consistent with a gradual slowdown in the labor market.

(4) Intel agreed to sell a stake in a venture that controls a plant in Ireland to Apollo Global Management Inc. for $11 billion, helping bring in more external funding for a massive expansion of its factory network.

(5) UK banknotes featuring the portrait of King Charles III will enter circulation Wednesday, though they’re likely to be rare for some time in everyday cash transactions.

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On today's podcast:

(1) India will announce election results later today, with investors already cheering a third term victory for Prime Minister Narendra Modi based on exit polls, pushing stocks to a record.

(2) Rishi Sunak is considering hardening his Conservative Party’s position on the European Convention on Human Rights, as disastrous polling and Brexit architect Nigel Farage’s decision to stand for Reform UK in the general election leave the premier’s ruling party facing a potential wipe out.

(3) Marks & Spencer’s chief executive officer pay rose by about £2 million ($2.6 million) last year as the UK retailer’s turnaround progressed.

(4) A glitch during a software update early Monday led the New York Stock Exchange to erroneously halt trading on about 40 stocks and display odd trades showing a 99% drop in companies including Warren Buffett’s Berkshire Hathaway.

(5) GameStop shares have surged after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the video-game retailer on Sunday.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) South Africa's African National Congress has begun talks with rivals to form a government following its worst performance since Nelson Mandela led it to power at the end of apartheid in 1994.

(2) Keir Starmer will today pitch Labour as the "party of national security" in a bid to squeeze Rishi Sunak's Conservatives on traditional Tory turf as the rivals prepare to face off in a UK election debate on Tuesday.

(3) Claudia Sheinbaum is set to become Mexico's first female leader in a landslide victory, capitalising on outgoing President Andres Manuel Lopez Obrador's popularity while also inheriting rampant criminal violence and a large fiscal deficit left by his government.

(4) Oil swung between gains and losses after OPEC+ set out a plan to restore some production as early as October, despite concerns over the demand outlook and robust supply from outside of the group.

(5) Emmanuel Macron wants to strengthen France's global influence. Unrest on an island territory thousands of miles from Paris is a huge test for that ambition

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the May jobs report in the U.S, and a look ahead to Gamestop earnings.
In the UK – a look ahead to the next ECB decision and European Parliament elections.
In Asia – a preview of China trade data, TSMC's sales and revenue, and the Computex tech show.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump was found guilty in the first criminal trial of a former US president in the nation’s history, a verdict that could reshape the political landscape five months before Election Day.

(2) President Joe Biden will allow Ukraine to launch US-provided munitions against military targets inside a limited area of Russia, overcoming concern that any such move could provoke a wider war with the West.

(3) US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region.

(4) Czech billionaire Daniel Kretinsky, who plans to purchase the company that owns UK’s Royal Mail, says the British postal service needs new investment to be competitive.

(5) Just hours after South African President Cyril Ramaphosa confidently predicted that the ruling party would easily retain its three-decade stranglehold on politics, it was increasingly clear that voters had other ideas — sending the country into uncharted terrain.

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On today's podcast:

(1) BHP has decided against making a firm offer for Anglo American, instead walking away for now from what would have been the biggest mining deal in over a decade.

(2) Jamie Dimon said he expects problems to emerge in private credit and warned that "there could be hell to pay," particularly as retail clients gain access to the booming asset class.

(3) The European Central Bank is set to take the unprecedented step of imposing fines on several lenders for their protracted failure to address the impact of climate change.

(4) Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Aramco as soon as Sunday, a deal that could raise more than $10 billion and rank among the largest of its kind in recent years.

(5) Wall Street firms are buying up family-owned businesses from electricians to pest control. The UK's richest plumber has regrets about selling out.

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On today's podcast:

(1) Ukraine must be allowed to target missile crews inside Russia with European-supplied weapons, according to French President Emmanuel Macron.

(2) Germany and France have agreed to make rapid progress to deepen the European Union’s capital markets to boost investment in the bloc after years of discussions, French President Emmanuel Macron said.

(3) Keir Starmer’s poll-leading opposition Labour Party is seeking to reassure the City of London it is not considering further taxes on Britain’s banks if it wins power at the UK general election on July 4.

(4) The White House said an Israeli strike on an encampment in Rafah that left dozens dead was devastating but would not cause President Joe Biden to freeze additional arms shipments to the country.

(5) With just hours left on the clock, advisers for BHP Group and Anglo American Plc were still struggling to find a breakthrough to salvage BHP’s ambitious $49 billion takeover plan.

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On today's podcast:

(1) The killing of an Egyptian soldier in a clash with Israeli troops at a Gaza border crossing on Monday further inflamed regional tensions after an Israeli airstrike killed an estimated 45 Palestinians at a camp for displaced people.

(2) The Labour party has won the endorsement of 120 business executives who have said that a “new outlook” is needed so the UK can “break free” from a decade of economic stagnation in a letter to The Times.

(3) Prime Minister Rishi Sunak will promise pensioners a tax cut if his Conservatives upset the odds and win the general election, the latest gambit to try to shore up the core vote as internal polling showed the Tories could lose more than 100 seats due to the resurgence of the right-wing Reform UK party.

(4) Price increases at UK retailers fell in early May to their lowest level in more than two years, adding to signs of an improving economic outlook.

(5) The US stock market is finally as fast as it was about a hundred years ago. That was the last time share trades in New York settled in a single day, as they will from Tuesday under new Securities and Exchange Commission rules.

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In this Holiday Edition of Bloomberg Daybreak:

We take a look at markets and inflation's impact on equities with Alicia Levine of BNY Mellon and Invesco's Brian Levitt

We check in on the strength of the global economy with Bloomberg's Michael McKee and Anna Wong.

Plus, we get some travel tips for the summer with The Points Guy, Brian Kelly.

Hosted by Nathan Hager

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of core PCE inflation and GDP data, and a look ahead to Dell and HP earnings.
In the UK - a look ahead to the 77th World Health Assembly in Geneva.
In Asia – a preview of a two-day summit between Japan, South Korea and China in Seoul.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) In the City of London, executives are looking forward to the imminent general election as a chance for clarity after a turbulent few years.

(2) A two-speed global economy skewed by US strength is overshadowing this week’s Group of Seven meeting as officials confront the prospect of less synchronized monetary policies.

(3) Segantii is shutting down and returning capital to investors after an insider trading charge in Hong Kong sparked concerns about a flood of redemptions, according to people familiar with the matter.

(4) Elon Musk’s SpaceX has initiated discussions about selling existing shares at a price that could value the closely held company at roughly $200 billion, according to people familiar with the matter.

(5) Alphabet and Meta Platforms have held discussions with major Hollywood studios about licensing content for use in the tech giants’ artificial intelligence video generation software, according to people familiar with the matter.

(6) Citigroup, HSBC Holdings and Barclays are ordering more staffers to report to company offices five days a week as regulatory changes make it trickier for Wall Street to allow working from home.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Standing in the rain and being drowned out by protesters playing the Labour Party’s 1997 victory anthem “Things Can Only Get Better” will not have been Rishi Sunak’s preferred backdrop for his announcement naming the date of the next UK election.

(2) UK Prime Minister Rishi Sunak’s decision to stake the Conservative Party’s future on a rare summer election was so secret that even his chancellor of the exchequer, Jeremy Hunt, appeared surprised by the plan.

(3) Nvidia the chipmaker at the center of an artificial intelligence boom, gained in late trading after a bullish sales forecast showed that AI computing spending remains strong.

(4) Federal Reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and “many” questioned whether policy was restrictive enough to bring inflation down to their target.

(5) BHP Group just won an extra week to convince Anglo American Plc on its $49 billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa?

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK inflation cooled less than expected last month due in part to lingering price pressures at restaurants and pubs, threatening to delay interest rate cuts from the Bank of England.

(2) European Central Bank President Christine Lagarde indicated that an interest-rate cut is probable next month with the rapid gain in consumer-price growth now largely contained.

(3) Two Federal Reserve officials reinforced a higher-for-longer message on interest rates, emphasizing a need for patience as the central bank waits for more evidence inflation is moving lower.

(4) Barclays is among Wall Street firms weighing whether to require scores of workers to commute to company offices five days a week, as US brokerage regulators enact new rules for supervising work at home.

(5) Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region's biggest industries. BYD which overtook Tesla.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The chief prosecutor for the International Criminal Court said Monday he is seeking arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas leader Yahya Sinwar on war crimes charges.

(2) Raisi’s death in Iran opens questions over Khamenei succession. In Saudi Arabia, the Crown Prince has canceled trips over King Salman’s ill health. This is another complicating factor in Washington's push for a US dense agreement with Riyadh

(3) The chief executive officer of JPMorgan, Jamie Dimon, told shareholders the timetable is “not five years anymore,” in response to a question about how long he planned to remain CEO. The largest US bank is “well on the way” with its succession plans, he said during the firm’s investor day.

(4) Martin Gruenberg will step down as head of the Federal Deposit Insurance Corp. after findings of a toxic work environment put the regulator at the center of a heated political fight and fueled calls for his removal.

(5) Cleveland Fed President Loretta Mester said policy is restrictive, but policymakers need to wait for more evidence about the path of inflation before adjusting interest rates.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Iranian President Ebrahim Raisi has been killed in a helicopter crash in a mountainous area of the country. Rescuers on Monday found the helicopter that had been carrying the president and other officials including Foreign Minister Hossein Amirabdollahian, who also died, the semi-official Mehr news agency reported.

(2) The death of Iranian President Ebrahim Raisi in a helicopter crash raises the immediate question of who will succeed him in running the government.

(3) Israel's Prime Minister Benjamin Netanyahu is facing increasing pressure from the other two members of the country's war cabinet. Opposition leader Benny Gantz says he'll resign from the cabinet if Netanyahu doesn't adopt a new post-war strategy in Gaza.

(4) London still leads European cities in attracting foreign direct investment in financial services, with the UK's share of new projects reaching the highest level in a decade, a survey by Ernst & Young showed.

(5) Buyout firms splurged on low-margin British consumer companies, seduced by bargain prices and cheap money. Higher interest rates are upending that wager.

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In the US – a preview of home sales data and Nvidia earnings.
In the UK – a look at the upcoming meeting of G7 finance ministers and central bankers in Italy.
In Asia – a preview of the inauguration of Taiwan’s president.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) China’s retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s No. 2 economy.

(2) China removed the floor on mortgage rates and lowered the minimum down payment ratios for individual homebuyers in its most drastic move to shore up the beleaguered property market.

(3) Jamie Dimon tells Bloomberg that when it comes to China, the right thing for America is to “fully and deeply” engage.

(4) Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they’re not in a rush to cut interest rates.

(5) Governments and companies want the clean fuel to play a big role in fueling the continent. If they’re wrong, the planet will be worse off than before.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Slovak Prime Minister Robert Fico suffered life-threatening injuries after being shot in public, the first assassination attempt on a European leader in more than two decades that underscores the deep polarization in the country.

(2) Chinese President Xi Jinping signaled to Vladimir Putin that ties between the two nations remain strong, as the Russian leader embarks on a new term with the war in Ukraine dragging into its third year.

(3) The US Bureau of Labor Statistics said it inadvertently released Consumer Price Index data 30 minutes early on Wednesday. Wall Street traders sent stocks to all-time highs as bond yields slumped after an inflation slowdown reinforced bets the Federal Reserve will cut interest rates as early as September.

(4) Ben Bernanke said there is growing interest within the Bank of England over publishing its own interest-rate projections, one of the strongest signals yet that the central bank is mulling a major communications shake-up.

(5) HSBC is leaning towards appointing its next chief executive officer from a shortlist of internal candidates as it begins its hunt for a successor to outgoing boss Noel Quinn.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.

(2) China blasted the Biden administration's move to increase US tariffs on a wide range of Chinese imports, vowing to take its own action, without giving specifics.

(3) Federal Reserve Chair Jerome Powell said the US central bank must be patient and wait for evidence that inflation continues to cool, doubling down on the need to keep borrowing costs elevated for longer.

(4) Britain's failure to complete its sustainable finance framework is putting billions of pounds worth of funding at risk, according to a UK investor association representing £19 trillion ($24 trillion) of assets.

(5) The UK government has pushed back against a number of recommendations designed to combat sexism and misogyny in the finance industry.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) President Emmanuel Macron says he would be open to seeing a major French bank being taken over by a European Union rival in order to spur the deeper financial integration he sees as critical for the bloc's future prosperity.

(2) Goldman Sachs Chair and CEO David Solomon discusses France becoming more business friendly and the outlook for Europe.

(3) Bank of America Chairman and CEO Brian Moynihan says US consumers, helped by wage growth, remain in good shape even amid elevated interest rates.

(4) The UK and Saudi Arabia will host a joint summit in Riyadh today, aimed at boosting economic ties between the two countries as negotiations continue over a broader trade deal between Britain and the Gulf states.

(5) Anglo American has rejected a second approach from BHP that valued the miner at $43 billion, as pressure builds on the 107-year old company to lay out a compelling vision to survive on its own.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Vladimir Putin replaced his long-serving defense minister with a trained economist in an unexpected change of guard that signals the focus on growing the Russian war economy more than two years after the invasion of Ukraine.

(2) Ukraine's leader Volodymyr Zelenskiy called on his people not to panic amid Russia's ongoing advance in the Kharkiv region that's jeopardizing a local city.

(3) Rishi Sunak will pitch himself as the best candidate to achieve a "more secure future" for Britain in a political speech designed to re-capture the narrative ahead of the UK general election, just over a week after his party suffered heavy losses in local votes.

(4) President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said.

(5) the Norwegian oil and gas giant Equinor has quietly picked up the crown that once belonged to Russia's Gazprom . Norway now supplies 30% of the bloc's gas; Gazprom provided about 35% of all Europe's gas before the war.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S inflation data and earnings from Home Depot and Walmart.
In the UK – a preview of the Choose France Summit.
In Asia – a look at next week’s tech earnings in China.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Britain bounced back strongly from a shallow recession, providing some relief for Prime Minister Rishi Sunak who has so far struggled to deliver on his promise to grow the economy.

(2) President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

(3) Israeli Prime Minister Benjamin Netanyahu struck a defiant tone against President Joe Biden after the US withheld a shipment of bombs as a warning to its top Middle East ally not to invade the southern Gaza city of Rafah.

(4) After months in which the Bank of England and markets have been at loggerheads over the direction of interest rates — with the US Federal Reserve more powerful in shaping expectations than words from the UK central bank — they have now fallen roughly into line.

(5) Arm Holdings shares tumbled after the chip designer gave a lukewarm revenue forecast for the fiscal year, raising concerns that the tech industry’s artificial intelligence spending spree is slowing.

(6) In a small side room, roughly 40 people, including some of Wall Street’s most senior executives of color, crowded around a rectangular array of tables for an invitation-only panel and confronted hedge fund manager Bill Ackman for his attacks on diversity, equity and inclusion, or DEI, initiatives, according to five attendees.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

(2) Israeli Prime Minister Benjamin Netanyahu struck a defiant tone against President Joe Biden after the US withheld a shipment of bombs as a warning to its top Middle East ally not to invade the southern Gaza city of Rafah.

(3) After months in which the Bank of England and markets have been at loggerheads over the direction of interest rates — with the US Federal Reserve more powerful in shaping expectations than words from the UK central bank — they have now fallen roughly into line.

(4) Arm Holdings Plc shares tumbled after the chip designer gave a lukewarm revenue forecast for the fiscal year, raising concerns that the tech industry’s artificial intelligence spending spree is slowing.

(5) In a small side room, roughly 40 people, including some of Wall Street’s most senior executives of color, crowded around a rectangular array of tables for an invitation-only panel and confronted hedge fund manager Bill Ackman for his attacks on diversity, equity and inclusion, or DEI, initiatives, according to five attendees.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Bank of England Governor Andrew Bailey may deliver a lift to British consumers with a stronger signal on when the central bank can lower borrowing costs from their highest in 16 years.

(2) Former Bank of England chief economist Andy Haldane was debanked like Nigel Farage, the one-time Brexit Party leader, because he was designated "politically connected."

(3) US President Joe Biden said he would halt additional shipments of offensive weapons to Israel if the country proceeded with a ground invasion of Rafah, decrying the potential loss of civilian life as "just wrong."

(4) London is missing out on a rebound in Europe's initial public offering market, in yet another sign of its waning prospects as a listing destination.

(5) John Ternus, the head of hardware engineering, is emerging as a potential successor to Tim Cook as the CEO of Apple.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US paused a shipment of bombs to Israel over worries about Israel nearing a decision to launch a wide-ranging military offensive on the southern Gaza city of Rafah, which President Joe Biden opposes, according to a senior administration official.

(2) The US has revoked licenses allowing Huawei Technologies to buy semiconductors from Qualcomm and Intel, according to people familiar with the matter, further tightening export restrictions against the Chinese telecom equipment maker.

(3) Chinese President Xi Jinping arrived in Serbia on the second leg of his European tour as he sought to tighten Beijing’s embrace of the Balkan nation in contrast with a more difficult relationship with most of Europe.

(4) China-based ByteDance made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights against national-security interests that could end up at the Supreme Court.

(5) China is likely using data from hacks of UK government institutions to build profiles of British military personnel and people in other sensitive roles as Beijing expands espionage against the US and its allies, government officials and cyber experts said.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UBS Group returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year.

(2) The Palestinian militant group Hamas said it had agreed to a cease-fire proposal for the Gaza Strip, but Israel's war cabinet unanimously rejected it as "far from Israel's necessary demands," dashing hopes for an immediate pause in the fighting.

(3) Chinese President Xi Jinping called on France to help fend off a "new Cold War" as the European Union increasingly aligns with US concerns over security risks and trade tensions.

(4) US chipmaker Nvidia is investing in Wayve Technologies joining a $1.05 billion funding round for the UK startup that wants to get its autonomous-driving technology into cars.

(5) People who left a job for a new one have reported being less satisfied at work than those who stayed put, according to a survey from the Conference Board, a sharp reversal from their sentiments just a year earlier.

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loomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of Apple’s latest product event and earnings from Walt Disney.
In the UK – a look at next week’s Bank of England meeting.
In Asia – a look ahead to Chinese President Xi Jinping’s visit to Europe.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Labour have taken a parliamentary seat from the Conservatives in northern England. It's the first major setback in a predicted slew of defeats for Sunak’s Tories, as results from local council elections across England plus key mayoralties like London, Tees Valley and West Midlands are announced on Friday and over the weekend.

(2) Apple shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. Apple also announced the biggest stock buyback in US history.

(3) The Bank of England's effort to stimulate the economy during the pandemic is responsible for all £115 billion ($144 billion) of the net losses on quantitative-easing that UK taxpayers will have to cover, analysis by Bloomberg shows.

(4) Bloomberg has found that Huawei Technologies, the Chinese telecommunications giant blacklisted by the US, is secretly funding cutting-edge research at American universities including Harvard through an independent Washington-based foundation.

(5) Goldman Sachs is preparing to scrap an EU-era cap on bonuses for hundreds of its staff in Britain, paving the way for some successful and highest-paid traders and investment bankers to make many times their base salaries.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The Federal Reserve signaled fresh concerns about inflation while indicating it was likely to keep borrowing costs elevated for longer rather than raising them again.

(2) Another suspected intervention by Japanese authorities to support the yen, this time in late New York trading, ran into resistance from traders keen to keep selling the currency.

(3) The Federal Reserve and other top US regulators are forging ahead with their landmark plan to make big banks hold more capital despite calls from some critics to scrap it.

(4) The UK defied a decline in foreign direct investment across Europe last year, in a welcome vote of confidence for Prime Minister Rishi Sunak's economic program.

(5) Tesla is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in.

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Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation.

(2) Japan likely conducted its first currency intervention since 2022 to prop up the yen on Monday, according to a Bloomberg analysis of central bank accounts.

(3) Chancellor of the Exchequer Jeremy Hunt has warned the UK's financial watchdog over its plans to name firms it's investigating at an early stage, a rare political intervention against Britain's top finance regulator.

(4) New York City police officers surged onto Columbia University's campus late Tuesday, breaking up an escalating protest and arresting pro-Palestinian demonstrators who had barricaded themselves in a building.

(5) Rishi Sunak urged Conservative Party faithful in a pre-election speech to take part in "the greatest comeback in political history," a tacit admission of the long odds the prime minister faces in local votes across England this week.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) HSBC CEO Noel Quinn is unexpectedly stepping down after nearly 5 years in the job, triggering a search for a replacement at Europe's largest bank.

(2) The US Treasury ramped up its estimate for federal borrowing for the current quarter to $243 billion, more than most dealers had anticipated, in a move that largely reflected weaker cash receipts than officials had expected.

(3) A pair of traders in Hong Kong have left Societe Generale after the French bank discovered a batch of risky bets that went undetected by the firm's risk-management systems, according to people familiar with the matter.

(4) Surveying the fallout triggered by the resignation of Scotland's First Minister Humza Yousaf, one man appears set to be the biggest beneficiary: the leader of the UK's main opposition Labour Party, Keir Starmer.

(5) Elon Musk's net worth is soaring after it plunged to the lowest level in almost a year. In the past five days, the world's third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Bloomberg Economics' Fed sentiment index — powered by a natural language processing algorithm based on more than 60,000 Fed headlines — shows that in December, Powell delivered a major pivot. By hinting at a swifter shift toward rate cuts, he gave markets a boost and helped the economy dodge a downturn.

(2) The yen swung in holiday-thinned market conditions, punching through 160 per dollar to touch its weakest in 34 years before erasing all its losses for the day and rebounding strongly.

(3) Scotland's First Minister Humza Yousaf may step down, according to UK media reports. The Sunday Times says he's preparing to resign today, but the BBC says the SNP leader has not yet made a final decision on his position.

(4) Elon Musk's surprise visit to China appears to have paid immediate dividends, with Tesla Inc. clearing two key hurdles to introduce its driver-assistance system to the world's biggest auto market.

(5) British taxpayers are paying more and more for a planning system buckling under the strain of years of under funding and increasingly strident NIMBYism.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a look at next week’s Fed meeting and a preview of Apple earnings.
In the UK – a look at the Vienna Conference on Autonomous Weapons Systems.
In Asia - a preview of Samsung earnings.

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Microsoft and Google parent Alphabet are both on the rise after delivering results that suggest their investments in artificial intelligence and cloud computing are starting to pay off. For more on the results Bloomberg's Nathan Hager caught up with Gene Munster, managing partner at Deepwater Asset Management and Dan Ives, Senior Equity Analyst at Wedbush Securities.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Microsoft and Google owner Alphabet sent a clear message to investors on Thursday: Our spending on artificial intelligence and cloud computing is paying off. The companies trounced Wall Street estimates with their latest quarterly results, lifted by a surge in cloud revenue — fueled in part by booming use of AI services.

(2) The Bank of Japan held interest rates steady and simplified its language on bond-buying, an outcome that prompted the yen to set a fresh 34-year low amid ongoing concerns of possible currency intervention.

(3) UK consumer confidence edged higher this month as easing inflation and the prospect of further tax cuts made people more willing to spend, a survey found.

(4) Israel is stepping up preparations for a potential all-out war with Hezbollah, as the risk of a devastating new phase in the country's conflict with Iran and its proxy militias grows more acute.

(5) The investor Peter Cowley has a third book out. "Public Success, Private Grief" charts the entrepreneur and angel investor's struggles through alcoholism, the loss of two of his sons and now a terminal cancer diagnosis. He joins us for an exclusive interview to discuss his life and what others can learn from his experiences.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) BHP Group proposed a takeover of Anglo American that values the smaller miner at £31.1 billion ($38.8 billion), in a deal that would catapult the combined company’s copper production far beyond its rivals while sparking the biggest shakeup in the industry in over a decade.

(2) Deutsche Bank's trading revenue rose 7% in the first quarter, more than analysts had expected and better than most of the biggest US investment banks

(3) Barclays posted first-quarter revenue that topped analyst estimates after its stock traders collected a surprise windfall from tumultuous global markets.

(4) BNP Paribas fixed-income traders trailed all of the large Wall Street banks in the first quarter, taking the shine off a strong performance in other parts of the investment bank.

(5) President Joe Biden signed a $95 billion national security package into law and said assistance to Ukraine would begin to move within "hours," capping off a bruising fight with Republicans over long-delayed assistance for Kyiv and other besieged US allies.

(6) Shares in Meta have dropped by as much as 19% in after-hours trading, after the social media giant said it plans to spend billions of dollars more than expected this year.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Shares in Meta have dropped by as much as 19% in after-hours trading, after the social media giant said it plans to spend billions of dollars more than expected this year.

(2) The world's largest mining company, BHP Group, has made a takeover approach for rival Anglo American, a move that could spark the biggest shakeup in the industry in over a decade.

(3) BNP Paribas fixed-income traders trailed all of the large Wall Street banks in the first quarter, taking the shine off a strong performance in other parts of the investment bank.

(4) Deutsche Bank relied on its traders and investment bankers to make up for a slowdown in income from lending, as Chief Executive Officer Christian Sewing seeks to deliver on an ambitious revenue goal.

(5) President Joe Biden signed a $95 billion national security package into law and said assistance to Ukraine would begin to move within "hours," capping off a bruising fight with Republicans over long-delayed assistance for Kyiv and other besieged US allies.

(6) Now that President Joe Biden has signed off on a law that could expel TikTok from the US market, Beijing must decide how best to retaliate over an attack on the world's most-valuable start-up.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Tesla is accelerating the launch of less-expensive cars in a bid to revive sagging demand following another disappointing quarter.

(2) The Senate passed a long-delayed $95 billion emergency aid package for Ukraine and other besieged US allies, clearing the way for resumed arms shipments to Kyiv within days.

(3) Rishi Sunak pledged to increase defense spending to 2.5% of GDP by end of the decade, as the prime minister seeks to ease concerns at home and abroad about the level of investment in the British armed forces.

(4) Kering warned that profit will plunge in the first half of the year as the crisis at Gucci, its biggest brand, deepens.

(5) Traders in the US interest-rates market have started to put on wagers that the Federal Reserve will refrain from cutting borrowing costs this year.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Rishi Sunak’s government is preparing to get the first deportation flights to Rwanda off the ground by July after the UK prime minister’s flagship law to declare the African nation a “safe” destination for asylum seekers cleared its final hurdle in Parliament.

(2) The UK will send more Storm Shadow long-range missiles to Ukraine as part of its single biggest military aid package to the country since Russia’s invasion, Prime Minister Rishi Sunak said.

(3) Goldman Sachs' head of dealmaking for financial institutions in Europe, the Middle East and Africa has relocated to Paris and is planning to double headcount for his team in the city as M&A between banks and insurers accelerates.

(4) The FTSE 100 Index closed at a record high for the first time in more than a year, as recent equity market volatility and geopolitical risks prompted investors to pile into the defensive sectors that characterise the UK benchmark.

(5) Some investors and analysts are questioning whether CEO François-Henri Pinault is the right man to overhaul Gucci’s parent Kering at this critical juncture.

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Your morning briefing, the business news you need in just 15 minutes.

On today’s podcast:

(1) US approval of more than $60 billion in aid throws a lifeline to Ukraine’s beleaguered military, though it’s unlikely to turn the tide in the war on its own.

(2) After years of working to assure the US government that its popular social media app isn’t a threat to national security, TikTok’s loss in that fight now seems almost inevitable.

(3) The European Central Bank won’t be swayed from a first interest-rate cut in June by oil price uncertainty, Governing Council member Francois Villeroy de Galhau said.

(4) Asking prices for UK homes rose at the highest annual pace in 12 months, driven by more high-end houses coming to market, according to the online sales portal Rightmove.

(5) Tesla is consumed by chaos in shift to Musk’s robotaxi dream: the stock is sliding, a cheaper electric car is deprioritized and the CEO is riling the workforce with his biggest layoffs yet.

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – A preview of U.S core PCE and GDP data, and Tesla earnings.
In the UK – A preview of European bank earnings.
In Asia – A preview of Auto Show China

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Israel launched a retaliatory strike on Iran less than a week after Tehran’s rocket and drone barrage, according to two US officials, but Iranian media appeared to downplay the incident in the hours that followed the initial reports.

(2) Oil and gold surged, then retreated, after Iranian media appeared to downplay retaliatory strikes following last weekend’s unprecedented bombardment of Israel.

(3) The strikes comes hours after a top Iranian general said his country may reconsider its nuclear policies if Israel threatens to attack its atomic sites, an implicit warning that Tehran might race toward a nuclear weapon as rhetoric continued to escalate in the wake of its April 13 drone and missile attack.

(4) Netflix posted its best start to the year since 2020, attracting more new customers than anyone expected thanks to a strong slate of original programs and a crackdown on password sharing.

(5) Some lenders to Thames Water could face losses of as much as 40% in the event that it ends up being nationalized by the UK government, according to contingency plans drawn up by officials.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Bank of England Governor Andrew Bailey said the UK and the rest of Europe are facing less of an inflation threat than the US, opening the prospect of a rate cut for Britain before the Federal Reserve moves.

(2) Federal Reserve Chair Jerome Powell is making life tougher for his peers around the world as the prospect of higher-for-longer US interest rates reduces room for easier policy elsewhere.

(3) Europe's economy is nearing the end of a malaise that's resulted in more than a year of near stagnation, according to European Central Bank President Christine Lagarde.

(4) The European Union's waning clout versus major geopolitical rivals is sounding alarm bells in Europe's capitals, compelling leaders to discuss a radical transformation to boost the bloc's competitiveness in a hostile world.

(5) The world's two great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with American spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) UK inflation slowed less than expected last month as fuel prices crept higher, prompting traders to unwind bets on interest rate cuts.

(2) Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics in the two economies are diverging.

(3) UK Chancellor of the Exchequer Jeremy Hunt said the prospect of interest rate cuts later this year would lift the mood of voters, hinting that Prime Minister Rishi Sunak won't call a general election until the fall.

(4) Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.

(5) Jamie Dimon has told Bloomberg that AI will transform banking, but it will also lead to job losses.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.

(2) Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics in the two economies are diverging.

(3) UK Chancellor of the Exchequer Jeremy Hunt said the prospect of interest rate cuts later this year would lift the mood of voters, hinting that Prime Minister Rishi Sunak won't call a general election until the fall.

(4) The US will impose new sanctions on Iran targeting the country's missile and drone program following its weekend attack on Israel that threatened to push the Middle East into a wider conflict.

(5) Jamie Dimon has told Bloomberg that AI will transform banking -- but it will also lead to job losses.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Top Israeli military officials reasserted that their country has no choice but to respond to Iran's weekend drone and missile attack, even as European and US officials boosted their calls for Israel to avoid a tit-for-tat escalation that could provoke a wider war.

(2) China announced faster-than-expected economic growth in the first quarter – along with some numbers that suggest things are set to get tougher in the rest of the year.

(3) Federal Reserve Bank of New York President John Williams has told Blomberg the central bank will likely start lowering interest rates this year if inflation continues to gradually come down.

(4) Goldman Sachs's back-to-basics approach is paying off as it posted profits that vaulted past expectations.

(5) The UK will criminalise the creation of sexually explicit deepfake images as part of plans to tackle violence against women.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) The huge salvo of missiles and drones launched from the arid plains of Iran toward Israel was the kind of direct conflict between the Middle East powers that the world had long feared would mark the explosion of a full-blown regional war.

(2) Iran’s weekend attack on Israel with more than 300 missiles and drones marks a perilous turn for a fragile region. It was an unprecedented action, the first strike on the Jewish state from Iranian soil. Iran declared it a massive success.

(3) Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained. But markets are showing higher volatility as global traders turn to the dollar and gold.(4) Apple’s iPhone shipments slid a bigger-than-projected 10% in the March quarter, reflecting flagging sales in China despite a broader smartphone industry rebound.

(5) German Chancellor Olaf Scholz will take a delicate message to China this week: Beijing has not acted on European warnings to end discriminatory business practices and failure to do so will result in an escalation in tensions.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the IMF and World Bank meetings, and U.S Retail sales.
In the UK – a look at German Chancellor Olaf Scholz’s visit to China.
In Asia - a look at a slew of China economic data, including GDP, Industrial production and retail sales

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Morgan Stanley shares fell the most in five months after a report that a cadre of US regulators are scrutinising the firm’s efforts to prevent potential money laundering by wealthy clients.

(2) The European Central Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts.

(3) The UK economy grew for a second month in February, suggesting a recovery from recession is now under way. Gross domestic product rose 0.1% from January, the Office for National Statistics said Friday, in line with the gain forecast by economists.

(4) Ex-Federal Reserve Chair Ben Bernanke is set to deliver his verdict on the Bank of England’s forecasting process on Friday at noon London time. Ahead of publication time, we look at the three most important questions the review poses for markets

(5) Credit traders at Barclays and HSBC are among those making a market for clients to bet against the debt of Thames Water amid an escalating crisis at the UK’s largest water utility.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Investors are signaling the Federal Reserve will cut interest rates just twice this year, starting in September, after a fresh round of hot inflation sent Treasury yields soaring to 2024 highs.

(2) Traders pared bets on European Central Bank interest-rate cuts after US inflation topped forecasts, with markets now turning their attention to President Christine Lagarde’s remarks on Thursday.

(3) The US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent, in what would mark a significant widening of the six-month-old conflict, according to people familiar with the intelligence.

(4) A key creditor to Thames Water has warned that the UK risks deterring investment from its other infrastructure assets if it takes over the firm and imposes losses on bondholders.

(5) China’s consumer prices barely increased from a year earlier and industrial prices continued to slump, underscoring the deflationary pressures that remain a key threat to the economy’s recovery.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Today's CPI data is unlikely to settle the debate around the timing of Federal Reserve interest-rate cuts, with forecasters expecting some moderation following elevated inflation readings at the start of the year.

(2) Fitch Ratings has revised China's outlook to negative from stable, saying the government is likely to pile on debt as it seeks to pull the economy out of a real estate-driven slowdown.

(3) Joe Biden says Israeli prime minister Benjamin Netanyahu's approach to the war is a mistake. The US President spoke to Univision in an interview taped last week when an airstrike killed seven aid workers.

(4) Around 7.4 million people in the UK are struggling to pay the bills, underlining the scale of the cost of living crisis even as the total declines from last year's peak, according to the Financial Conduct Authority.

(5) Meta is under immense pressure to ensure that social media content created by artificial intelligence doesn't cause havoc with elections this year. The company's top leaders say they haven't seen that happen yet on their services.Christopher Pitt

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) A new era of global rearmament is gathering pace, and it will mean vast costs and some tough decisions for western governments already struggling with shaky public finances.

(2) More UK firms are tipped to be takeover targets this year as rock-bottom valuations spark an M&A boom among the country’s stocks.

(3) Former Federal Reserve Bank of St. Louis President James Bullard said he’s expecting three interest rate cuts this year as inflation moves toward the central bank’s target while the economy remains resilient.

(4) L’Occitane's billionaire owner Reinold Geiger and Blackstone are nearing a deal to take the skin-care company private, people familiar with the matter said, potentially ending its 14-year run on Hong Kong’s stock exchange.

(5) Tesla's battered share price jumped by more than 5% on Monday after Elon Musk promised that the electric automaker would unveil a robotaxi in the coming months.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Robert Stheeman, the bond market whisperer who raised £3 trillion for Britain warns liquidity is paramount as governments splurge on debt.

(2) Ben Bernanke, the former Fed chair, is expected this week to suggest the Bank of England adopt a new innovation, a flexible set of "scenarios", in a bid to update its forecasting process and repair its battered reputation.

(3) The European Banking Federation says lenders in the region won't be able to compete with their US rivals if regulators continue to pile on ESG rules that Wall Street remains free to ignore.

(4) US Treasury Secretary Janet Yellen will meet China's central bank chief and former economic czar in Beijing as she wraps a trip that's been a delicate balancing act in strengthening bilateral ties while delivering sharp criticisms of Beijing's economic policies.

(5) The UK's support for Israel is "not unconditional," Foreign Secretary David Cameron warned days after an Israeli military strike killed three British aid workers.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S CPI data and bank earnings.
In the UK – a look at next week’s ECB meeting and rate decision.
In Asia - a preview of China inflation data.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Speaking Exclusively to Blooomberg Argentina's President Javier Milei says he won't touch existing trade agreements with Beijing.

(2) Federal Reserve Bank of Minneapolis President Neel Kashkari said interest-rate cuts may not be needed this year if progress on inflation stalls, especially if the economy remains robust.

(3) President Joe Biden told Israeli Prime Minister Benjamin Netanyahu that US support for his war in Gaza depends on new steps to protect civilians, a shift in position for the American leader who has faced increased pressure to take a harder line against Israel amid mounting deaths.

(4) Oil extended advances on escalating tensions in the Middle East after blowing past the $90-a-barrel threshold in the previous session.

(5) A visibly shaking Joe Lewis, the 87-year-old UK billionaire who pleaded guilty to insider trading, was spared jail time by a federal judge in New York.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates, even though a recent bump in prices didn't alter their broader trajectory.

(2) President Joe Biden is scheduled to speak with Israeli Prime Minister Benjamin Netanyahu by phone on Thursday, as tensions between the two leaders deepen after the death of seven aid workers delivering food to displaced Palestinians in Gaza, according to a US official.

(3) Barclays left a cap on its bankers' bonuses even after regulators told lenders they can pay their staff as they like as part of the government's broader push to make post-Brexit Britain more attractive as a financial center.

(4) Apple has teams investigating a push into personal robotics, a field with the potential to become one of the company's ever-shifting "next big things," according to people familiar with the situation.

(5) Switzerland is accelerating efforts to reform its banking regulations a year after the collapse of Credit Suisse — and handing more power to those who will enforce them.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Taiwan's strongest earthquake in a quarter of a century leveled dozens of buildings on the eastern side of the island, reportedly killing at least four people and disrupting some chip production lines.

(2) President Joe Biden said Israel hadn't done enough to protect civilians after the death of seven aid workers, in some of his sternest criticism yet of the country's conduct in the months since it launched a military campaign against Hamas in Gaza.

(3) Two Federal Reserve officials who vote on monetary policy decisions this year said they still expect the US central bank to cut rates three times in 2024, though they're in no rush to begin lowering borrowing costs

(4) Tesla had Wall Street analysts second-guessing their models as the first quarter came to a close. One after another reduced their estimate for vehicle deliveries.

(5) NATO Secretary General Jens Stoltenberg is proposing to establish a fund of allied contributions worth $100 billion over five years for Ukraine as part of a package for alliance leaders to sign off when they gather in Washington in July.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) An Israeli airstrike on Iran's embassy compound in Syria killed a number of people including a top military commander, Iranian and Syrian state media said, stoking tensions between the longtime adversaries.

(2) Bond traders priced in less monetary-policy easing by the Federal Reserve this year — and briefly set the odds of a first move in June below 50% — after a gauge of US manufacturing activity showed expansion for the first time since 2022.

(3) Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path.

(4) Inflation in UK stores dropped to its lowest level in more than two years as supermarkets compete to lure shoppers with low prices.

(5) Donald Trump's net worth tumbled by $1 billion along with the shares of his social media business after it disclosed a more than $58 million loss in 2023, as revenue for the former president's Truth Social platform trickled in.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the March jobs report and Disney’s annual meeting of shareholders.
In the UK - a preview of European core inflation data.
In Asia – a look at a potential TikTok ban in the U.S, and a preview of China PMI data.

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Bloomberg's Nathan Hager and Michael McKee discuss the latest PCE data and reaction from Fed Chair Jerome Powell. Plus, reaction from Wells Fargo Senior Economist Sarah House.

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Bloomberg's Nathan Hager breaks down the latest PCE data with Bloomberg Economics and Policy Editor Michael McKee. Plus, reaction to the data from Tom Porcelli, Chief US Economist at PGIM Fixed Income, and Wells Fargo Senior Economist Sarah House.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Governor Christopher Waller said there is no rush to lower interest rates, emphasizing that recent economic data warrants delaying or reducing the number of cuts seen this year.

(2) JP Morgan's chief global equity strategist warned clients on Wednesday that they could be “stuck on the wrong side” of the momentum trade when it eventually falters, and he encouraged them to consider diversifying their holdings and thinking about risk management in their portfolios.

(3) Ozempic could be profitably produced for less than $5 a month even as maker Novo Nordisk charges almost $1,000 in the US, according to a study that revives questions about prices for top-selling treatments for diabetes and obesity.

(4) Treasury Secretary Janet Yellen said she expects insurers’ payouts to help cover some of the costs of rebuilding the Baltimore bridge that collapsed earlier this week.

(5) The huge scale of the spending demands facing the next UK government is laid bare in a new report by the head of an influential parliamentary committee.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The 1.6 mile-long Baltimore bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks.

(2) Japan stepped closer to currency intervention with its strongest warning yet as the yen slid to the weakest level in about 34 years against the dollar.

(3) As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned.

(4) Cocoa futures surged above an unprecedented $10,000 a metric ton on Tuesday before erasing gains and taking a breather from a historic rally that has seen prices of the key chocolate ingredient double this year.

(5) Betting against former president Donald Trump's social media startup is one of the most difficult and expensive short trades in the market, according to financial analytics firm S3 Partners.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A Bloomberg News investigation identified wide-spanning examples of Starlink kits being traded and activated illegally. How they are smuggled and the sheer availability of Starlink on the black market suggests that its misuse is a systemic global problem, raising questions about the company’s control of a system with clear national security dimensions.

(2) Traders are betting the Bank of England could beat its European and US peers to interest-rate cuts, a turnaround from expectations it would be a laggard in 2024.

(3) The US and UK accused state-backed Chinese hackers of targeting politicians, companies and dissidents for years, as well as stealing troves of British voter data, in the latest revelation of cyberattacks that Washington and its allies have linked to President Xi Jinping’s government.

(4) Days after top executives of major US airlines turned up the heat on Boeing’s board to get a handle on its spiraling safety crisis, the embattled manufacturer announced one of the most dramatic overhauls in its century-long history. The trio that has led the company for the past four tumultuous years is relinquishing control, including Chief Executive Officer Dave Calhoun.

(5) Donald Trump’s business empire was supposed to be in peril like never before on Monday. Instead, it turned into the single-greatest day on record for the former president’s wealth.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Russian authorities showed footage of four men charged in court with carrying out the deadly Moscow concert hall attack after interrogations that traced their origins to Tajikistan.

(2) French authorities have raised their security alert level to the maximum following the deadly Friday attack in a Moscow concert hall.

(3) Bond traders are cautiously reloading wagers that burned them just weeks ago as the Federal Reserve and key global peers finally appear set to begin reducing interest rates as soon as June.

(4) Britain's ruling Conservative party will promise to keep the generous "triple lock" on state pensions in the upcoming election despite the spiraling cost of the commitment, Chancellor of the Exchequer Jeremy Hunt said.

(5) As Donald Trump sits in a Manhattan courtroom Monday for a hearing related to one of his criminal cases, he'll also be facing a moment of truth for his finances: a deadline that same day to either post a bond to cover a $454 million civil fraud verdict or risk having New York state start the process of seizing some of his assets.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S PCE and GDP data, and a look ahead to Carnival earnings.
In the UK - a look at challenges for Europe’s chocolate industry ahead of Easter.
In Asia - a preview of BYD and China bank earnings.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance. Shares of the company slid 4.1% Thursday, erasing about $113 billion in market value and taking their year-to-date loss back to 11%.

(2) The Bank of England has laid the groundwork for a shift to rate cuts after one of the sharpest turnarounds in guidance in recent memory, with data releases, investor bets and the UK's political calendar pointing to June for the first move.

(3) Chinese authorities are examining the role of PWC in Evergrande's accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

(4) Carles Puigdemont, the Catalan separatist who led a failed attempt to break away from Spain, is bidding to make a return as regional president.

(5) A top Israeli official said his country's military is ultimately going to invade the southern Gaza city of Rafah and defeat Hamas "even if the entire world turns on Israel, including the United States."

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Federal Reserve officials maintained their outlook for three interest-rate cuts this year and moved toward slowing the pace of reducing their bond holdings, suggesting they aren’t alarmed by a recent uptick in inflation.

(2) The Bank of England is likely to keep interest rates at a 16-year high, giving more time for inflationary pressures to cool before it loosens up on the quickest tightening cycle in decades.

(3) Anxious employees at Fidelity International, a globe-spanning business based in Bermuda and run out of London, began eying the door.

(4) The sudden exit of Prime Minister Leo Varadkar leaves Ireland at a crossroads. Unaffordable housing, inequality and political pressures linked to immigration give the nationalist Sinn Fein party an opportunity to take power for the first time in 2025, or sooner.

(5) Reddit and its selling shareholders raised $748 million, pricing shares in an initial public offering at the top of a marketed range, the second big tech listing in as many days.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Wall Street traders gearing up for the Federal Reserve decision sent stocks to fresh all-time highs amid gains in several big techs.

(2) The likelihood that central banks are about to embark upon the most synchronized reduction of interest rates since 2008 looks set to support the dollar in its nascent rebound.

(3) Mohsin and Zuber Issa turbocharged their retail empire in the easy-money era of the past decade through dozens of debt-funded deals to form one of the world’s largest owners of gas stations and convenience stores

(4) The opposition Labour Party’s chancellor-in-waiting Rachel Reeves pledged a fundamental “course correction” for the UK economy, saying the country needed to invest in growth and solve underlying structural problems to break the grip of stagnation.

(5) JPMorgan unexpectedly lifted its dividend 9.5% in the wake of a record annual profit and as regulators signal they may rethink proposals for tightening capital rules.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The Bank of Japan ended the most aggressive monetary stimulus program in modern history, scrapping the world's last negative
interest rate while keeping financial conditions easy for now — a dovish tone that weakened the yen after the widely expected
decision.

(2) Nvidia CEO Jensen Huang showed off new chips aimed at extending his company's dominance of artificial intelligence computing, a position that's already made it the world's third-most-valuable business. Elsewhere Nvidia is turning into a casino for the YOLO trading crowd. Just look at the options activity on Monday, when traders bet that shares of the $2.2 trillion chipmaker will more than double its $885 price — by the weekend.

(3) Chinese regulators say the developer, Evergrande, falsely inflated revenue by more than $78 billion in the two years leading to its failure.

(4) Elon Musk says that his prescribed use of ketamine alleviates periods of low mood and is in the best interest of investors in Tesla Inc. and the other companies he runs.

(5) Actress and singer Selena Gomez has hired advisers to weigh offers for her cosmetics company, Rare Beauty, valued at $2bn according to people familiar with the matter.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Apple is in talks to build Google's Gemini artificial intelligence engine into the iPhone, according to people familiar with the situation, setting the stage for a blockbuster agreement that would shake up the AI industry.

(2) A defiant Vladimir Putin says Russia won't be stopped from pursuing its goals after he swept to a record victory in a presidential election whose outcome was pre-determined

(3)Bank of Japan Governor Kazuo Ueda and his board have one more day to decide if it's time for the nation's first interest rate hike in 17 years amid simmering speculation that it will proceed.

(4) Israel's military made its deepest incursion into Gaza City in about two weeks, saying its troops were undertaking a "precise operation" targeting the main hospital in the northern metropolis that bore the brunt of the first weeks of fighting in the conflict.

(5) A trade, targeting the remains of Sam Bankman-Fried's once-vast cryptocurrency empire, is netting distressed investing firms a 200% profit.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - a preview of next week’s Fed decision and Nike earnings.
In the UK - a preview of the UK’s next rate decision.
In Asia - a look ahead at the RBA’s next monetary policy decision & Tencent earnings.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French President Emmanuel Macron warned that the European Union would face an “existential” threat of a Russian invasion unless Vladimir Putin’s forces are defeated in Ukraine.

(2) The European Central Bank has succeeded in taming inflation without causing an economic downturn, according to Governing Council member Yannis Stournaras.

(3) Prime Minister Rishi Sunak ruled out a UK general election on May 2, signaling that a public vote would take place later this year instead.

(4) The UK government’s flagship “levelling up” pledge to revitalize disadvantaged regions has been beset by “astonishing delays” that have seen just 10% of the promised funding spent, a parliamentary committee has found.

(5) A Paris neighborhood notorious for its past as a den for crack cocaine dealers is getting a new lease of life thanks to the Olympics. But as the area changes and new people move in, can the city ensure that the residents who were there in the first place don't get kicked out?

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

Ukrainian drone attacks halted three oil refineries deep within Russian territory in an assault President Vladimir Putin said was aimed at disrupting his presidential election later this week.

Dutch election winner Geert Wilders has dropped his bid to become prime minister, after months of coalition talks following his shock win in November.

Rishi Sunak's government plans to ban foreign states from controlling or influencing UK newspapers and news magazines, a move that appears to rule out a UAE-linked takeover of the Telegraph newspaper.

Donald Trump has talked about hedge fund titan John Paulson as Treasury secretary if he wins the November presidential election, and has held a series of meetings with potential cabinet picks, according to people familiar with the matter.

Britain's housing market picked up in February, with an increase in both new buyer inquires and properties for sale after prices stabilized.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Donald Trump has clinched the Republican presidential nomination, capping off a stunning political comeback fueled by grievance and vengeance and formally entering what's poised to be the longest and costliest general election in recent memory.

(2) Polish President Andrzej Duda said Russian President Vladimir Putin will attack other states if the Kremlin wins its war in Ukraine as he sought to convince the US to approve further assistance for Kyiv.

(3) Citadel founder Ken Griffin said the Federal Reserve should move slowly in lowering interest rates to avoid the possibility of having to reverse course later.

(4) TikTok's Chief Executive Officer Shou Chew went to Capitol Hill Tuesday to lobby against a bill that would force the app's Chinese parent to sell it or face a ban in the US.

(5) The UK medicines agency has seized 869 fake Ozempic pens so far — more than its counterparts in Denmark, Ireland, Switzerland, Iceland and the Netherlands combined. The pens found in Britain include crude fakes as well as ones distributed in bulk by more sophisticated criminals.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Rupert Murdoch's News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph, alongside the UAE-backed investment fund RedBird IMI, people familiar with the matter said.

(2) Jamie Dimon said he wouldn't take the prospect of a recession in the US "off the table," but that the Federal Reserve should wait before it cuts interest rates.

(3) The European Central Bank is leaning against any immediate change in the amount of money lenders need to park with it interest-free, removing for now the threat of a hit to bank profitability.

(4) The deadlock in Ukraine is "shifting the momentum" in the war there in Moscow's favor, US intelligence agencies told senators on Monday.

(5) Former Credit Suisse Chief Executive Officer Tidjane Thiam signaled his intention to run for president of Ivory Coast in October next year.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Joe Biden warned Israel against an invasion of the city of Rafah in southern Gaza as cease-fire talks between Israel and Hamas remained deadlocked at the beginning of Ramadan.

(2) Job vacancies in England have fallen to their lowest in more than three years, reducing the hope that the UK economy will bounce back strongly from the recession that hit last year.

(3) Before the cart, or even the horse, comes something else to put first: the Brexit paperwork. That’s what transporters outside the UK are dealing with as they move racehorses into England for this week’s Cheltenham Festival, one of the richest sports events in Europe.

(4) Eight months after raising interest rates to a two-decade high, Federal Reserve Chair Jerome Powell and his colleagues are moving closer to dialing back their inflation fight.

(5) Aramco raised its dividend despite a retreat in energy prices and lower production, a boost for Saudi Arabia as it faces a widening budget deficit.

(6) Oppenheimer, the biographical film about the inventor of the atomic bomb, picked up a total of seven Academy Awards, including best picture and best director for Christopher Nolan.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of U.S CPI and Retail sales data, and a look ahead to earnings from Adobe and Oracle.
In the UK - a look ahead to a major real estate conference on the French riveria

In Asia – a preview of Hon Hai and CATL earnings.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) President Joe Biden sought to breathe new life into his reelection rematch against Donald Trump, delivering a spirited and sharply political State of the Union speech that sparred with Republicans and targeted an opponent he didn’t ever name.
(2) Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates.
(3) Over the past decade, data enforcement has exploded in prominence. It's women who run the regulators leading the charge against Big Tech.
(4) European Central Bank President Christine Lagarde indicated policymakers may be in a position to lower interest rates in June as fresh projections showed inflation hitting the 2% target in 2025.
(5) Banks and financial firms should be banned from using nondisclosure agreements in workplace sexual harassment disputes because they risk silencing victims while protecting perpetrators, British lawmakers have warned.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Chancellor Jeremy Hunt has handed millions of British workers a £10 billion a year tax cut paid for by stealing Labour's flagship policies and squeezing public services as he drew political battle lines for the upcoming election.

(2) Britain's budget watchdog said a hit to the economy from leaving the European Union is unfolding as it expected. The Office for Budget Responsibility says its long-running prediction is "broadly on track" to show a 15% fall in trade and a 4% reduction in the UK economy's potential productivity compared to if the UK had stayed in the EU.

(3) Wall Street banks are on the cusp of a sweeping regulatory victory after Federal Reserve Chair Jerome Powell signaled officials would scale back plans to make them hold more capital.

(4) A missile strike on a commercial ship in the Gulf of Aden resulted in the first confirmed deaths of crew members since Houthi militants began a wave of attacks against commercial shipping in one of the world's busiest sea lanes.

(5) Deutsche Bank has cut the bonus pool at its investment banking division by more than 10% after a slump in deals and a slowdown in trading last year.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Jeremy Hunt plans to put personal tax cuts at the center of his annual budget on Wednesday as he navigates tight public finances to deliver on Conservative demands for a pre-election giveaway to boost the ailing governing party’s standing with voters.

(2) President Joe Biden and Republican frontrunner Donald Trump are set for a rematch in a general election race that few Americans are excited about and that Wall Street donors tried in vain to avert.

(3) A Citigroup reorganization aimed at streamlining the bank and making it more competitive with its peers has gone swifter than expected, Chief Executive Officer Jane Fraser said, as she set out positive guidance for the year ahead.

(4) OpenAI fired back at a lawsuit filed against it by Elon Musk in a blog post Tuesday, using the billionaire’s own emails to show he backed the company’s plans to become a for-profit business and that he insisted it raise “billions” of dollars to be relevant compared with Google.

(5) Birmingham City Council has signed off on the largest-ever package of budget cuts by a UK local authority

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) There’s a new sense of optimism in the UK as a global investment destination ahead of a general election later this year. A two-month investigation by Bloomberg Radio's Caroline Hepker has many of London's business elite increasingly upbeat about the future of the economy.

(2) China set its annual growth target at around 5%, raising expectations for the nation’s top leaders to unleash more stimulus as they try to lift confidence in an economy hampered by a property slump and entrenched deflation.

(3) JPMorgan Chase's chief market strategist Marko Kolanovic joins in a chorus of rapidly piling up warnings from Wall Street that are hearkening back to the dot-com boom of the late-1990s, or the post-pandemic mania of 2021, when stock prices quickly ballooned and then burst.

(4) A bank group spearheaded by Morgan Stanley held discussions with Elon Musk and his team about refinancing a roughly $12.5 billion debt package that supported the tech billionaire’s take-private of the social media platform X, according to people with knowledge of the matter.

(5) The US Supreme Court said Donald Trump can appear on presidential ballots this year, putting an end to efforts nationwide to ban him under a rarely used constitutional provision barring insurrectionists from holding office.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK Chancellor of the Exchequer Jeremy Hunt said his budget will be "prudent" and "responsible," as he tried to temper expectations of Conservative MPs who want eye-catching tax cuts to give their party a pre-election boost.

(2) Bond investors are positioning for a potential rise in inflation if Chancellor of the Exchequer Jeremy Hunt cedes to pressure to deliver pre-election giveaways in this week's spring budget.

(3) The UK government plans to lower the threshold to qualify as a so-called angel investor in a bid to bolster funding for small- and medium-sized businesses, the Treasury said in a statement.

(4) China is set to announce its 2024 growth target and outline its strategy for supporting the slowing economy at the nation's most high-profile annual political gathering this week.

(5) US Vice President Kamala Harris has called for a temporary cease-fire between Israel and Hamas as talks drag on over a deal to release hostages taken during the Oct. 7 attacks.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - Jobs Report, Jay Powell on Capitol Hill and Target earnings
In the UK - the government is preparing to present its tax and spending plans for the coming year
In Asia - China's top political advisory body and legislature will be gathering for their annual two sessions

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The UK’s reputation as a global investment destination hit rock bottom last April, when Microsoft President Brad Smith said The European Union was a more attractive place to start a business.

Yet 10 months later, A host of FTSE100 CEOs tell us confidence is recovering. And for all the talk of British decline, official figures suggest the UK remains the top investment destination after the US, trumping even China.

Our Bloomberg Radio anchor Caroline Hepker has spent the past two months talking to Britain's business elite. Here's what they told her.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Left-wing disrupter George Galloway won a seat in the UK Parliament in a special election that underscored how the Israel-Hamas war has exacerbated community tensions and sowed division across British politics.

(2) Scores of Palestinians were killed and injured on Thursday during an outbreak of violence in which Israeli troops opened fire near a convoy of food trucks attempting to deliver humanitarian aid in northern Gaza.

(3) China's factory activity shrank for the fifth straight month in February, suggesting weak demand remains an obstacle for the economy.

(4) The Federal Reserve's preferred gauge of underlying inflation rose in January at the fastest pace in nearly a year, helping explain policymakers' patient approach to start cutting interest rates.

(5) UK retail traffic fell the most since the pandemic due to train strikes, squeezed budgets and one of the wettest Februarys on record, fueling concerns about the strength of the economy.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Supreme Court’s decision to take up Donald Trump’s bid for immunity from criminal prosecution raises the prospect that a trial to hold him accountable for trying to overturn the 2020 election could face a lengthy delay — potentially until after the November election.

(2) Senate Republicans have to choose just how loyal to Donald Trump they want their next leader to be in the wake of Mitch McConnell’s bombshell decision to step aside after the November election.

(3) Congressional leaders reached a last-minute deal to avoid a disruptive US government shutdown, setting up another clash with ultra-conservatives who swiftly blasted the agreement.

(4) Chancellor of the Exchequer Jeremy Hunt has considered scrapping Britain’s non-domiciled tax status as he seeks ways to fund pre-election giveaways in his budget next week.

(5) Three Federal Reserve officials said the pace of interest-rate cuts will depend on incoming economic data, suggesting the path to lower borrowing costs may look different than in previous rate-cutting cycles.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Wall Street's biggest banks have seen staffing levels surge in Paris despite the fact that many of those firm's top bosses feel constrained by the country's strict labor laws.

(2) Apple is cancelling a decade long effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company.

(3) Central bankers around the world have traditionally been scrupulous about insisting on their independence from politics. But the rise of anti-democratic groups and populists around the world has spurred European policymakers to step into the fray.

(4) The Bank of England may sell all the UK government bonds bought under quantitative easing to better prepare for a future crisis, a move that would put it at odds with the US Federal Reserve.

(5) Deutsche Bank's decision to force workers into the office more frequently has met with fierce internal criticism, demonstrating the challenges in reversing a policy introduced during the Covid pandemic.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Sweden has cleared the final obstacle to gaining NATO membership in a move that will solidify the alliance's grip over Northern Europe and the Baltic region.

(2) China's state-backed funds have poured more than 410 billion yuan ($57 billion) into onshore shares this year in a bid to prop up the market, according to estimates by UBS which expects further purchases.

(3) Fast-fashion company Shein is considering the possibility of switching its initial public offering to London from New York because of hurdles to the listing in the US, according to people with knowledge of the matter.

(4) Inflation in UK stores slowed to the lowest level since March 2022, signaling further respite for households as retailers doubled down on promotions and passed on lower costs.

(5) A new law tracing the origin of cocoa beans threatens to jolt the price of chocolate and skin-care products.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on are getting a lot tougher to crack.

(2) Warren Buffett's Berkshire Hathaway says its cash pile scaled a new record as the billionaire investor decried a lack of meaningful deals that would give the firm a shot at "eye-popping performance."

(3) Ukrainian President Volodymyr Zelenskiy said his country has lost 31,000 soldiers since Russia's full-scale invasion started two years ago as he stressed that a decision from the US Congress on $60 billion in aid was needed within a month.

(4) A former deputy chairman in Rishi Sunak's ruling Conservative party has been suspended after growing pressure from within the party over his claim that London Mayor Sadiq Khan is controlled by "Islamists."

(5) Global trade ministers are gathering in Abu Dhabi for the World Trade Organization's summit, amid a tide of trade protection and questions over the WTO's relevance.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - Lowes earnings and fresh economic data
In the UK - Its the Mobile World Congress in Barcelona
In Asia - Baidu earnings are on tap

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Nvidia’s surge to an all-time high is the biggest single-session increase in market value in history, besting Meta’s historic gain just three weeks ago.

(2) Former Treasury Secretary Larry Summers is warning that financial markets are underestimating the risks of political and social turmoil around the world.

(3) Three top Federal Reserve officials hammered home the message Thursday that the US central bank is still on track to cut interest rates this year — just not anytime soon.

(4) Russia is steadily expanding its influence across Africa with arms sales, Kremlin-sponsored beauty pageants and more recently -- free grain.

(5) House of Commons Speaker Lindsay Hoyle faced growing calls from Conservative and Scottish National Party politicians to resign over the chaotic scenes in Parliament

(6) For the first time since 1972, the US is back on the moon.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

Nvidia surged in late trading after delivering another eye-popping sales forecast, adding fresh momentum to a stock rally that already made it the world's most valuable chipmaker.

Minutes from the Federal Reserve's latest gathering show most officials remained more worried about the risk of cutting interest rates too soon than keeping them high for too long and damaging the economy.

Beth Hammack had been billed as one of the most likely candidates to break into Goldman Sachs Group Inc.'s all-male top tier. Now, she's calling it quits after 30 years at the Wall Street giant.

A vote on the Israel-Hamas war triggered chaos in the UK's House of Commons with the Scottish National Party walking out in protest and Prime Minister Rishi Sunak's Conservatives also refusing to cast their ballots.

Why a $2.3 billion rail project spanning three African countries is critical to boosting adoption of electric vehicles.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The US has told allies that Russia could deploy a nuclear weapon or a mock warhead into space as early as this year, according to people familiar with the matter.

(2) As Russia's war in Ukraine enters a third year, President Vladimir Putin's forces have shifted to the offensive and captured the eastern city of Avdiivka after months of fighting. In a conflict where momentum has ebbed and flowed, the mood is now noticeably darker in Kyiv.

(3) HSBC reported fourth-quarter profit fell 80% after taking unexpected charges on holdings in a Chinese bank and from selling its French retail operations.

(4) Citigroup lifted Chief Executive Officer Jane Fraser's pay about 6% to $26 million for a year in which she kicked off a major overhaul of the Wall Street giant to simplify operations and boost profitability.

(5) UK Chancellor Jeremy Hunt will have £23 billion of headroom for pre-election tax cuts in his budget next month but any giveaways will be "sandwiched between far bigger past and future tax rises," according to the Resolution Foundation.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Barclays says it will go on a major cost-cutting drive as part of efforts to boost returns above 12% in the coming years, ending months of speculation about the future direction of one of Europe's largest investment banks.

(2) Capital One has agreed to buy Discover in in a $35 billion all-stock deal to create the largest US credit card company by loan volume, giving the combined entity a stronger foothold to compete with Wall Street's behemoths.

(3) China has ramped up support for the troubled property sector with its biggest-ever cut to a key mortgage reference rate, raising expectations for more aggressive measures to support the economy in the months to come.

(4) A coalition of international law enforcement agencies, including the FBI and UK National Crime Agency, said they have disrupted LockBit, one of the most prolific hacker groups of all time, including shutting down websites the organization used for ransomware payments.

(5) After decades of occupying different business areas, the last two remaining banks with links to the storied Rothschild name are encroaching on each other's territory.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) After decades of occupying different business areas, the last two remaining banks with links to the storied Rothschild name are encroaching on each other's territory.

(2) Capital One has agreed to buy Discover in in a $35 billion all-stock deal to create the largest US credit card company by loan volume, giving the combined entity a stronger foothold to compete with Wall Street's behemoths.

(3) China has ramped up support for the troubled property sector with its biggest-ever cut to a key mortgage reference rate, raising expectations for more aggressive measures to support the economy in the months to come.

(4) BHP's first-half net income slumped 86% from the year before, after oversupply in the nickel market forced the world's biggest miner to write down the value of key assets.

(5) Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Bank of England risks deepening the UK's recession if it doesn't pivot to interest rate cuts soon, its former chief economist Andy Haldane warned in an interview with Bloomberg Radio.

(2) Apple will face a European Union fine close to €500 million over the regulator's investigation into allegations it silenced music-streaming rivals, including Spotify on its platforms.

(3) High-earning British bankers, lawyers and consultants are now some of the workers most vulnerable to trade shocks, according to the Resolution Foundation.

(4) Just months after setting a 2024 target for the S&P 500 Index, Goldman Sachs Group strategists have boosted their forecast for a second time as the stock market eclipsed the significant 5,000 milestone this month.

(5) Thomas Heatherwick is one of the best known names in modern building design. He's behind Coal Drops Yard in London, Vessel and Little Island in New York - and the cauldron for the Olympic Flame in the 2012 London games. He's been speaking to us here on Bloomberg Radio about the need for more homes to be built in the UK and says he'd like to be involved in designing new social housing in Britain.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - we look ahead to Nvidia earnings and minutes from the Fed
In the UK - we preview this season of European fashion weeks. They're expected be as glamorous as ever, with the fashion elite descending on London, then Milan, and then Paris.
In Asia - looks at what we can expect from the minutes of the Reserve Bank of Australia

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Apple, racing to add more artificial intelligence capabilities, is nearing the completion of a critical new software tool for app developers that would step up competition with Microsoft.

(2) Keir Starmer's poll-leading opposition Labour Party overturned significant majorities to win two parliamentary seats from Rishi Sunak's governing Conservative Party, denting the prime minister's hopes of wrestling back momentum ahead of a UK-wide vote expected this year.

(3) UK Chancellor Jeremy Hunt has deemed a plan to cut the basic rate of income tax to 18% from 20% unaffordable, The Telegraph reports, citing a person familiar with the matter.

(4) Federal Reserve Bank of Atlanta President Raphael Bostic said there's no rush to cut interest rates with the US labor market and economy still strong, and cautioned it's not yet clear that inflation is heading sustainably to the central bank's 2% target.

(5) For more than 20 years, Stavros Gavriliadis and Dimitrios Elefsiniotis have been building a life together. They bought a house and started a family. But under Greek law, they couldn't marry or both be recognized as the parents of their three children — until this week.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Britain fell into a technical recession in the second half of 2023. GDP shrank 0.3% in the fourth quarter, pushing the UK into a shallow economic dip.

(2) Israeli Prime Minister Benjamin Netanyahu has opted not to send a delegation to Cairo for follow-up talks aimed at securing a cease-fire with Hamas, again dismissing the militant group’s demands as “delusional.”

(3) Vladimir Putin praised Joe Biden as a more reliable alternative for Russia than Donald Trump, making his first public comments on the American presidential election.

(4) Donald Trump is considering scaled-back commitments to some NATO members and a push for Ukraine to negotiate an end to the war with Russia if he returns to power next year, according to people familiar with the matter.

(5) Bank of England Governor Andrew Bailey said weaker-than-expected inflation in January “pretty much leaves us where we were” after the data prompted traders to shift forward bets on interest-rate cuts.

(6) Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

Israeli Prime Minister Benjamin Netanyahu has opted not to send a delegation to Cairo for follow-up talks aimed at securing a cease-fire with Hamas, again dismissing the militant group’s demands as “delusional.”

Vladimir Putin praised Joe Biden as a more reliable alternative for Russia than Donald Trump, making his first public comments on the American presidential election.

Donald Trump is considering scaled-back commitments to some NATO members and a push for Ukraine to negotiate an end to the war with Russia if he returns to power next year, according to people familiar with the matter.

Bank of England Governor Andrew Bailey said weaker-than-expected inflation in January “pretty much leaves us where we were” after the data prompted traders to shift forward bets on interest-rate cuts.

Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.

At least one person has been killed and more than 20 others wounded after a shooting at a parade in Kansas City celebrating the winners of the Superbowl.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts.

(2) The global bond rally that started in December with the hope that the Federal Reserve had finally pivoted to favor interest-rate cuts has evaporated.

(3) UK inflation data will likely show that both the headline and services figures accelerated in January.

(4) Russia is relying on thousands of workers from neighboring countries to undertake the multi-billion-dollar reconstruction in the occupied territories of Ukraine.

(5) Since the Covid-19 pandemic upended the use of real estate around the world, lenders have had little incentive to get tough on borrowers squeezed by soaring interest rates and take on loans that had lost value. For many, the time to wait it out is nearing its end.

(6) Less than an hour after issuing its earnings, Lyft Chief Financial Officer Erin Brewer joined a call with analysts and said the company is actually expecting margins to expand by 50 basis points — not 500.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK wage growth slowed less than expected in the fourth quarter, underscoring the Bank of England's caution against moving too quickly to cut interest rates.
(2) Arm Holdings Plc soared again on Monday, extending a three-day rally that has driven its value up almost 100%, after a blockbuster earnings report last week showed artificial intelligence spending is bolstering sales.
(3) US President Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying that could lay the groundwork for broader peace.
(4) Elon Musk told US Republican senators "there is no way in hell" that Russian President Vladimir Putin could lose the war on Ukraine, weighing in on a conflict that has been affected by Musk's own Starlink satellite services.
(5) Bond traders have come more in line with the Federal Reserve's trajectory for the upcoming easing cycle. Strategists at Citigroup Inc. say what's missing now is traders hedging the risk of a very brief easing cycle followed by rate increases shortly thereafter.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) US President Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying those conditions could lay the groundwork for broader peace.
(2) Bond traders have come more in line with the Federal Reserve's trajectory for the upcoming easing cycle. Strategists at Citigroup Inc. say what's missing now is traders hedging the risk of a very brief easing cycle followed by rate increases shortly thereafter.
(3) Arm Holdings soared again on Monday, extending a three-day rally that has driven its value up almost 100%, after a blockbuster earnings report last week showed artificial intelligence spending is bolstering sales.
(4) Regulatory reforms since the 2008 financial crisis cannot be blamed for the sharp discount in UK commercial bank valuations, Bank of England Governor Andrew Bailey said.
(5) Britain isn't building enough homes and the shortage is about to get even worse. That's based on calculations by Bloomberg News of government population data and homebuilding targets from the biggest political parties, which suggests a shortfall of almost 100,000 homes a year over the next parliament when including pent up demand from years of missed targets.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Donald Trump's comments over the weekend that he once told a European leader he'd abandon NATO members to a Russian invasion if they hadn't met defense-spending commitments have renewed talk about what a second term would mean for allies.

(2) Israel's military conducted strikes early Monday morning on the city of Rafah in the southern Gaza Strip, where more than 1 million people have sought shelter from the fighting.

(3) Ukrainian military intelligence said Russian forces increasingly use Starlink terminals on the frontline, a new twist in Kyiv's uneasy relationship with Elon Musk's internet service.

(4) NatWest Group is preparing to hand out marginally lower bonuses to its staff as the UK government works on a plan for a retail share offer that could significantly cut its remaining stake in the bank, Sky News reported.

(5) The Kansas City Chiefs have won the Super Bowl, beating the San Francisco 49ers 25-22 in overtime. Star Quarterback Patrick Mahomes threw the winning touchdown pass with 3 seconds left on the clock.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - we look ahead to inflation data and Coca-Cola earnings
In the UK - we discuss geopolitics ahead of the Munich Security Conference
In Asia - key eco data is in focus as the BOJ weighs ending its interest rate policy

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) President Vladimir Putin said Russia hasn't achieved its objectives in Ukraine yet, adding in an interview with former Fox News host Tucker Carlson that he would consider negotiations if the US stops supplying weapons to Kyiv.

(2) President Joe Biden forcefully — and at times angrily — sought to combat suggestions his acuity was declining in a hastily-arranged press conference Thursday night. But the 81-year-old leader may have made his biggest election-year liability worse.

(3) US regulators will begin requiring hedge funds to confidentially share more information about their investment strategies.

(4) Chancellor of the Exchequer Jeremy Hunt said he is "very attracted" to the idea of creating a tax-free savings account for investing in British stocks — a so-called British ISA — as part of efforts to boost the UK's struggling stock market.

(5) Once treated as heirlooms, pro football franchises are now billion-dollar businesses, and a new class of investors is circling

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Former Barclays Plc Chief Executive Officer Jes Staley has long maintained that he cut off his friendship with Jeffrey Epstein once he became boss of the UK bank. Legal documents seen by Bloomberg News claim that he had indirect contact with the late pedophile financier for years after that. Representatives for Staley and JPMorgan didn't respond to requests for comment.

(2) When the US punished Morgan Stanley for leaking upcoming stock trades to favored clients, it kept the list of recipients secret. They include one of Wall Street's biggest players: Citadel.

(3) Walt Disney reported better-than-expected earnings for its fiscal first quarter and issued an upbeat profit outlook for the year, citing cost-cutting benefits and the strong performance of its international theme parks.

(4) Europe's earnings season is off to one of the worst starts in at least ten years, with a majority of companies publishing weaker-than-expected results. But the ones delivering positive surprises amid all the gloom and doom are reaping outsize rewards.

(5) Cheap power and friendly relations with China have made Ethiopia a top pick for Chinese Bitcoin miners.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) New York Community Bancorp's credit grade was cut to junk by Moody's Investors Service less than a week after the regional lender alarmed shareholders by slashing payouts and stockpiling reserves to cover troubled loans tied to commercial real estate.

(2) Treasury Secretary Janet Yellen said that while losses in commercial real estate are a worry, US regulators are working to ensure that loan-loss reserves and liquidity levels in the financial system are adequate to cope.

(3) A rally in Chinese shares continued Wednesday, a sign of growing investor hopes for authorities to take more forceful steps to sustain a nascent market recovery.

(4) UK lawmakers called on the Bank of England to rethink the way it's unwinding its quantitative easing stimulus program, saying asset sales the Treasury indemnified are now costing taxpayers 10s of billions of pounds.

(5) From the Glazer family at Manchester United to Todd Boehly and his Wall Street financiers at Chelsea, the American takeover of clubs in the Premier League isn't new. Yet below the world's richest competition, the footprint on the English game is deepening and widening — and raising even more questions over who will make money and who will lose it.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

UBS Group AG will resume share buybacks this year, vowing to hand as much as $1 billion to shareholders in the second half as it seeks to move beyond the integration of Credit Suisse.

Hopes are also building for more concerted efforts to boost shares as regulators plan to brief President Xi Jinping on market as soon as Today.

King Charles is receiving treatment for an unspecified form of cancer, in the latest health scare for the British royal family less than a year-and-a-half after the death of Queen Elizabeth

Bank of England Chief Economist Huw Pill said interest rates could drop this year as a "reward" to the economy for bringing inflation down.

Germany's far-right AfD party is a risk for the economy because it threatens to deter investment by international businesses, Finance Minister Christian Lindner said.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The Biden administration vowed more strikes against Iran's forces and its proxies in the Middle East after three straight days of punishing attacks, even as senior officials insisted the US won't be pulled into a prolonged regional conflict.

(2) Iranian-backed Houthis vowed to respond to US and British-led airstrikes after dozens of targets of the Yemen-based rebel group were struck overnight.

(3) Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%.

(4) China has pledged to stabilize markets after shares sank to a five-year low in chaotic trading on Friday, but policymakers offered no specifics on how they plan to end a selloff that's erased more than $6 trillion of value and dented confidence in the world's second-largest economy.

(5) On top of tumbling stocks, an embattled property market and a struggling economy, there's at least one more thing keeping domestic Chinese investors up at night: a potential win by former US president Donald Trump in the November general election.

(6) Former President Donald Trump says he might impose a tariff on Chinese goods of more than 60% if elected, signalling an increasingly hawkish tone against the top supplier of goods to the US.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - we preview Disney and Uber earnings
In the UK - we detail how big oil is grappling with geopolitics and climate change
In Asia - we look to the Lunar New Year and the health of the Chinese consumer

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

Apple reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth.

Meta and Amazon reported better-than-expected earnings on Thursday, sending their stock prices soaring by a combined $270 billion

Bank of England Governor Andrew Bailey has put the British central bank on a clear path to rate cuts. He also gave investors a few reasons to think the journey for policy makers in London may take longer than for those in Washington and Frankfurt.

New York Community Bancorp tumbled for a second straight day as Wall Street downgrades piled up. Regional bank peers slumped as well, with a closely watched index extending its two-day drop to 8%, the most since the sector's tumult in March roiled financial markets.

President Joe Biden is making no secret of his intentions for multiple attacks on an Iran-backed group that killed three US soldiers last week, a strategy that's exposed him to criticism he's giving up the element of surprise.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) The Federal Reserve held interest rates steady for a fourth straight meeting and signaled an openness to cutting them, though Fed Chair Jerome Powell threw cold water on investors' hopes that reductions would begin in March.

(2) The Bank of England is likely on Thursday to deliver a brighter outlook for the UK economy, reducing its forecast for inflation this year and potentially opening the way to interest-rate reductions that could boost growth.

(3) Deutsche Bank has raised its mid-term revenue target. Planned cost savings the Frankfurt-based bank had previously announced will result in the reduction of some 3,500 jobs, mostly in the back office, Deutsche Bank also said.

(4) In an unscripted scene during tense testimony Meta CEO Mark Zuckerberg stood before a packed Senate hearing room and apologized directly to the families of children who were victims of sexual exploitation on social media platforms.

(5) Prime Minister Giorgia Meloni is increasingly counting on the same people who propelled her to power to keep Italy solvent: its citizens.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
Microsoft and Alphabet, two rivals in AI software and cloud computing, delivered mostly good news in their reports, but still elicited a ho-hum from investors.

Elon Musk's $55 billion pay package at Tesla has been struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk's wealth and put the fate of his companies in question.

UBS cut a group of senior bankers as the financial giant reduces its headcount following last year's takeover of former rival Credit Suisse, according to people with knowledge of the matter.

The Federal Reserve will likely hold interest rates steady for a fourth straight meeting but avoid signaling an imminent interest-rate cut.

A $2.6 billion experiment aimed at making a tiny fraction of Europe's industrial pollution disappear is getting a big boost from Germany

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Joe Biden's administration is seeking a response to the deadly attack on US forces in Jordan that's tough enough to deter Iran and its proxies without sparking direct warfare with the Islamic Republic, according to officials and experts.

(2) As many as 10% of the UN relief agency's 12,000 workers in the Gaza Strip were members of the militant groups Hamas and Palestinian Islamic Jihad, according to an Israeli intelligence assessment shared with the US.

(3) China's equities and bond markets are giving a clear signal to policymakers that they need to take more steps to revive investor confidence.

(4) Elon Musk said that the first human patient has received a brain implant from his startup Neuralink Corp., a significant step forward for the company that aims to one day let humans control computers with their minds.

(5) The UK's last election left the Labour Party in dire straits, holding the fewest seats since 1935. To get back into power, Labour leader Keir Starmer must win in areas that are older, richer, more rural, have a bigger proportion of homeowners and are more likely to be White. In short, he must cut big chunks out of Prime Minister Rishi Sunak's Conservative Party base.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US President Joe Biden faces intensifying pressure to confront Iran directly after the country's proxies killed three American soldiers in a drone strike in Jordan over the weekend, risking precisely the wider regional conflict that he's trying to avoid.

(2) China's Evergrande Group has received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.

(3) The UK government has asked City of London firms to submit proposals to work on a potential retail offering of NatWest shares, in what would be the country's most high-profile privatization this year.

(4) London homes are now the most affordable they've been since 2014, though they're still by far the most expensive relative to earnings in Britain despite their underperformance.

(5) EU Commission President Ursula von der Leyen is expected to seek a second term ahead of elections in June; but the achievements of her first term haven't come without controversy.

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Many shoppers in the Middle East, as well as in Muslim nations like Pakistan are shunning big foreign brands, driven by a wellspring of anger against Western countries for their support of Israel during the war with Hamas. In this special podcast, Bloomberg reporters Leen Al-Rashdan and Salma El Wardany discuss the effects of the boycott movements, speak to those who’ve changed their spending habits, and to businesses who’ve seen an increase in sales as consumers make the switch to more local brands. This special Bloomberg conversation is hosted by Stephen Carroll.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - we preview Apple earnings and look ahead to the Fed Meeting
In the UK - we look ahead to the Bank of England rate decision
In Asia - we talk a look at the over picture of the Chinese economy

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Apple is embarking on a historic overhaul of its iOS, Safari and App Store offerings in the European Union, aiming to placate regulators set to impose tough new antitrust rules.

(2) The US has pulled further ahead of China in the race for world's biggest economy, thanks in part to a vibrant American consumer.

(3) Intel Corp. tumbled in late trading after delivering a disappointing forecast on Thursday, renewing doubts about a long-promised turnaround at the once-dominant chipmaker.

(4) Bank of America is splitting a roughly $800 million pool of restricted stock with the majority of its staff, boosting compensation to retain employees even as the bank works to keep a lid on expenses.

(5) Many consumers are shunning foreign brands such as Starbucks and Coke as the Israel-Hamas conflict's repercussions spread.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Tesla CEO Elon Musk said that he can see the next "major growth wave" approaching, in the form of a new, low-cost car later next year. Investors unwilling to wait until then pushed the stock down.

(2) US aviation regulators ordered Boeing to halt further production-rate increases for its 737 Max aircraft even as they cleared the way for a version of the jet involved in a near-calamity to return to the skies.

(3) British billionaire Joe Lewis pleaded guilty to passing inside corporate information to his private pilots and girlfriend, putting a black mark on the 86-year-old investor's otherwise spectacular rise from London's East End to one of Britain's richest men.

(4) Paul Kagame, the longtime president of Rwanda, wins plaudits abroad for making his tiny country a continental power. But the transformation has meant suppression of dissent and alleged assassinations of critics.

(5) Pay for most senior investment bankers at Wall Street firms in Asia dropped to the lowest level in almost two decades, according to people familiar with the matter, as a dearth of deals in China and Hong Kong hammered the industry.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
Former President Donald Trump won the New Hampshire primary, dealing a blow to his only remaining major rival Nikki Haley and solidifying his status as the Republican party's likely nominee.

Alaska Air found loose bolts on "many" of its Boeing 737 Max 9 aircraft following the midair blowout of a panel on one of its planes earlier this month, the carrier's chief executive officer said in an interview with NBC.

Netflix signed up 13.1 million customers in the final three months of 2023, the streaming giant's best quarter of growth since viewers were stuck at home in the early days of the pandemic.

Turkey's parliament approved Sweden's accession to NATO after months of deliberations, leaving Hungary as the lone holdout to the defense alliance's northern enlargement.

Apple, reaching a make-or-break point in its decade-old effort to build a car, has pivoted to a less ambitious design with the intent of finally bringing an electric vehicle to market.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The US and UK launched new airstrikes against eight Houthi targets in Yemen on Monday, the latest salvo in an allied effort to stop the group from harassing commercial shipping in the Red Sea.

(2) Despite a flailing economy and political rifts, Israelis are mobilizing against what they see as an existential threat.

(3) China's considering a 2 trillion yuan ($278 billion) package to stabilize the stock market mainly through the Hong Kong exchange link, people familiar said.

(4) The Bank of Japan kept investors guessing over when it will shift policy after sticking with its negative interest rate for now while indicating it is getting more confident about hitting its long-sought inflation goal.

(5) Bill Gross has some advice for the Fed: Stop winding down its balance sheet and start cutting rates

(6) Moody's Analytics has found 21 million "red flags" associated with shell companies. For instance, more than 2,200 companies have directors aged 123 years and above.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Ron DeSantis dropped out of the 2024 US presidential race on Sunday and endorsed front runner Donald Trump, narrowing the Republican field to two major candidates ahead of the closely watched New Hampshire primary on Tuesday.

(2) Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023. The industry produced combined gains worth $218 billion after fees, according to estimates by LCH Investments, a fund of hedge funds. Hohn's TCI Fund Management made $12.9 billion to top LCH's rankings, followed by Citadel, which made $8.1 billion.

(3) Travellers flying to the UK and Ireland are being forced into lengthy diversions and even to different countries as storm Isha throws planes off course.

(4) Hundreds of thousands of Germans flooded the streets over the weekend, including in front of the national parliament, to protest against far-right extremism and the rise of the anti-immigrant AfD party.

(5) A wave of mergers is sweeping through the City of London's landscape of corporate brokers -- the key advisers every listed firm is required to have. With the viability of many brokers in doubt, companies are now increasingly looking for new advisers.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - we preview Netflix earnings and look ahead to inflation data
In the UK - We look ahead to the first European Central Bank meeting of the year
In Asia - will the Bank of Japan end the World's last negative interest rate
In Washington - we head to New Hampshire for the country's first primary election of the 2024 Presidential race.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The Chancellor Jeremy Hunt has told Bloomberg that Britain is a safe harbour for investors in an increasingly unstable world. Speaking on the sidelines of the World Economic forum in Davos, Hunt also hinted at tax cuts in the March budget as a way to deliver growth.

(2) Houthi militants in Yemen fired missiles at an American-owned commercial vessel on Thursday, the same day President Joe Biden acknowledged US airstrikes have not halted the Red Sea attacks.

(3) Our Economics and Government Editor Stephanie Flanders joins us to look back at the week that was in Davos and what we learned from the gathering of business and political leaders.

(4)Israel will insist on security control over the West Bank and Gaza Strip in the foreseeable future after the war, Prime Minister Benjamin Netanyahu said, rejecting rule by the Palestinian Authority despite calls from the US.

(5) Congress passed a temporary spending bill to avert a partial US government shutdown this weekend, sending the legislation to the White House, where President Joe Biden plans to sign it.

(6) JPMorgan Chase & Co. raised Chief Executive Officer Jamie Dimon’s pay to $36 million for 2023, a year in which the bank notched the highest profit in the history of American banking.

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On today's podcast:
(1) The Pakistani military carried out targeted strikes against militant hideouts in Iran after Tehran launched similar attacks the day before, in an escalation of tensions.

(2) The US launched another round of strikes on Yemen's Houthis overnight as the Iran-backed militant group continues to roil global shipping markets with attacks around the Red Sea.

(3) Apple was slighted by Netflix, which said it's not bothering to make an app for the Vision Pro just weeks ahead of the headset's debut. The company was also forced to sell watches without its blood oxygen feature starting today. And it may also face a DOJ antitrust lawsuit as early as March.

(4) Rishi Sunak's plan to deport asylum seekers survived a key vote after most rebels fell in line, but the saga further dented his authority before a general election later this year.

(5) Britain's biggest banks have a new problem on the horizon: car loans. The Financial Conduct Authority has reached out around a dozen banks about their auto lending practices, according to people familiar with the matter.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Confidence in the resilience of the global economy is cheering up the Davos crowd against a backdrop of war and prospective political upheaval in the year ahead.

(2) Data released Wednesday presented a mixed bag for China's economy, which hit an official growth target for the year but has failed to shake off several of the problems most persistently weighing on domestic demand and confidence.

(3) Federal Reserve Governor Christopher Waller says the US central bank should take a cautious and systematic approach when it begins cutting interest rates, a process that can start this year absent a rebound in inflation.

(4) Rishi Sunak suffered a major setback as a right-wing politician whom he made deputy chairman of the governing Conservative Party to boost support ahead of a looming UK general election resigned over the prime minister's refusal to toughen his signature anti-immigration bill.

(5) Zelenskiy turns on Davos charm with humor, handshakes and hugs. The Ukrainian president spent 24 hours pitching the Wall Street elite for investment and patching up ties with old allies as part of a push to shore up the faltering war effort.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump tightened his grip on the Republican presidential nomination after Iowa voters delivered him a victory in Monday's caucuses and moved him one step closer to returning to the White House.

(2) Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world's most important trade artery remains too risky for navigation.

(3) Easing pressure from food and energy bills will help drive UK inflation down to 1.5% in May, well under the Bank of England's target, according to ING.

(4) Elon Musk said he would rather build AI products outside of Tesla if he doesn't have 25% voting control, suggesting the billionaire may prefer a bigger stake in the world's most valuable electric vehicle maker.

(5) British pension funds, which sold so many bonds two years ago the Bank of England was forced to intervene, are gearing up to flood the market with billions of pounds of private assets.

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On today's podcast:
(1) UK police said they arrested six people over a plot to target the London Stock Exchange. Activists from the Palestine Action group were allegedly planning to cause damage to the LSE and to prevent the building from opening for trading Monday morning, the Met said in a statement.

(2) UK Prime Minister Rishi Sunak will address Parliament on Monday after his government said it's ready to carry out further strikes on Houthi targets in Yemen if the group continues to attack commercial vessels in the Red Sea.

(3) As the Israel-Hamas war enters 100 days, the question remains whether it will spread from Gaza and turn into a wider conflagration. But with the appetite in Israel for war against Hezbollah growing and American influence on its ally seemingly waning, the answer is more likely to be found in Tel Aviv or Jerusalem than Beirut or Washington.

(4) Taiwan elected current vice president Lai Ching-te as leader of the global chip hub at the center of US-China tensions, putting in power a man Beijing has branded an "instigator of war."

(5) The US state of Iowa kicks off the race for the 2024 Republican presidential nomination today. Caucuses are set to take place this evening but there are fears sub zero temperatures of below -30 could dampen turnout.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - we preview the week's upcoming economic data, including retail sales.

In the UK - we look ahead to the World Economic Forum in Davos

In Asia - we discuss the current climate for chipmakers in China

In Washington - with the Iowa caucuses right around the corner, new polling suggests that the Republican race is tightening.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The US and UK launched airstrikes on more than 60 Houthi rebel targets in Yemen, sparking vows of retaliation and a rise in oil prices after weeks of attacks in the Red Sea disrupted commercial shipping.

(2) Oil jumped as the US and allies launched airstrikes against Houthi rebels in Yemen, stepping up retaliation for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway.

(3) European Central Bank President Christine Lagarde warned that a look at Donald Trump's first term as US president raises concerns about his potential return to power in 2025.

(4) First Citizens Bank can proceed with a $1 billion lawsuit accusing HSBC of poaching dozens of employees and stealing trade secrets from Silicon Valley Bank shortly after its acquisition by First Citizens.

(5) Some of the most influential investors are giving the world's largest private equity firms a message: if you want money for your next fund, here's our list of demands.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) US regulators have for the first time approved exchange-traded funds that invest directly in Bitcoin. The approvals mark a rare capitulation by the SEC following opposition that lasted for more than a decade.

(2) President Joe Biden's administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine.

(3) Barclays said the final three months of the year were challenging for its traders and investment bankers, joining rivals across Wall Street in lamenting a continued slump in revenue from dealmaking and markets.

(4) Former New Jersey Governor Chris Christie said he is ending his long-shot 2024 campaign centered on denying onetime ally Donald Trump the Republican presidential nomination. Before his event, Christie was caught on a hot mic disparaging other GOP candidates who will be courting his supporters.

(5) France's government says it wants foreign investment but some companies find their plans derailed by Sisse, the national agency with an outsized reach.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity incident on Tuesday.

(2) Boeing CEO Dave Calhoun fought back tears as he said the plane maker must own up to its shortcomings as it grapples with a safety incident that has renewed questions over the quality of its manufacturing.

(3) BlackRock will dismiss about 600 employees, or roughly 3% of its global workforce, as it seeks to reallocate resources amid rapid changes in asset management.

(4) Britain's foreign secretary, David Cameron, said he's "worried" that Israel might have broken international law during the conflict in the Gaza Strip, and that the country must to do more to allow aid to flow.

(5) The UK government is pressuring councils to run down their reserves to help stave off a financial crisis beginning to rip through the country's town halls.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) United Airlines says it found loose bolts in multiple Boeing 737 Max jets and Alaska Air indicated some loose hardware was visible on its fleet during checks following the latter's midair blowout.

(2) US Secretary of State Antony Blinken says Houthi militants in Yemen must know they'll face "consequences" for continued attacks on ships in the Red Sea, even as a top regional leader warned against military action by a US-led coalition.

(3) Barclays says its global headcount dropped by about 6% over 2023, the most visible sign yet of the bank's cost-cutting push.

(4) The UK Treasury is facing a hit of more than £10 billion per year as higher interest rates push up the cost of financing student loans, meaning the taxpayer will now take a loss even on debt that is fully repaid, new analysis shows.

(5) The crucial Christmas shopping period was weaker than expected in the UK as consumers burdened by higher inflation carefully watched their spend.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) The grounding of Boeing Co.’s 737 Max 9 has quickly gathered pace, with carriers from the US to Panama to Turkey pulling the model from service for inspections after a fuselage section on a brand-new Alaska Airlines jet blew out during flight.
(2) US congressional leaders announced a $1.59 trillion deal on spending for the current fiscal year, lessening the chances of a partial government shutdown on Jan. 20.
(3) The Czechs and Slovaks make more cars per capita than anywhere else in the world. Now, the transition to EVs is putting a vast supply chain in jeopardy.
(4) China has detained the head of an overseas consulting firm for allegedly spying on the Asian nation for the British government, putting renewed focus on an industry targeted by Beijing’s national security crackdown
(5) The Wall Street Journal says Elon Musk's continued drug use worries executives in business empire.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - As earnings season kicks off, we preview what we can expect from some of Wall Street's biggest banks.

In the UK - The economic trajectory will be back in focus in the coming days - as a batch of data will help tell us whether Britain may avoid a recession. A recent survey of company executives highlighted their pessimism about the outlook - despite the encouraging signs coming from some quarters.

In Asia - Taiwan's presidential election is set for January 13th.The results will help shape the course of US-China relations for years to come.

In DC - With the race for President in full swing, we look at a new series of new Gallup polls focusing on the election.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Islamic State claimed responsibility for Wednesday’s attack in Iran that killed scores of people and threatened to further inflame tensions in the Middle East.
(2) The options market for US Treasuries was abuzz Thursday following the emergence of a large bearish wager that Friday’s jobs report will trigger the biggest backup in benchmark yields in more than nine months.
(3) As housing shortages cause rents and home prices to surge across major European cities, investors have the capacity to inject an estimated 82 billion euros in new residential projects over the next two years.
(4) Huawei’s newest laptop runs on a chip made by Taiwan Semiconductor Manufacturing, a teardown of the device showed, quashing talk of another Chinese technological breakthrough.
(5) Prime Minister Rishi Sunak suggested he plans to call a UK general election in the fall, as he sought to silence growing calls from opposition parties for a vote in May.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Federal Reserve policymakers agreed last month that it would be appropriate to maintain a restrictive stance “for some time,” while acknowledging they were probably at the peak rate and would begin cutting in 2024.

(2) Iran said attacks that killed almost 100 people in the central part of the country were carried out to punish its stance against Israel, the latest sign that the war between the Jewish state and Hamas risks widening into a broader regional conflict.

(3) The glitzy Victoria Square development, boasting two skyscrapers and a new Hilton Hotel, was to be a new landmark for the London commuter town of Woking. Instead, it stands as a monument to how financial bets by local councils can go badly wrong.

(4) Several previously confidential documents related to Jeffrey Epstein were made public in federal court in New York after a yearslong battle over their release.

(5) UK businesses are keeping their investment plans on ice because of high debt-servicing costs and a stagnant economy, according to the British Chamber of Commerce.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) A senior Hamas leader was killed by Israel in an explosion in Beirut, according to the Palestinian militant group, raising fresh concerns of a regional escalation of the war in Gaza.

(2) Container shipping giant Maersk says it will once again stop letting its vessels sail through the Red Sea, a vital trade corridor, after another of its carriers came under attack in the space of a few weeks.

(3) Apple got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays to downgrade the stock. Shares fell 3.6% on Tuesday, their biggest one-day percentage drop since September, and the decline erased more than $107 billion in market value.

(4) Tesla delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay ahead of China's BYD Co. in global electric-car sales.

(5) Claudine Gay is stepping down as president of Harvard University, ending a brief and tumultuous tenure marred by allegations of plagiarism and a campus controversy over antisemitism.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Iran has dispatched a warship to the Red Sea after the US Navy destroyed three Houthi boats, a move that risks ratcheting up tensions and complicates Washington's goal of securing a waterway that's vital to global trade.

(2) Israel's Supreme Court overturned a highly contested law aimed at weakening the justices' own power in a loss to Prime Minister Benjamin Netanyahu's right-wing coalition.

(3) ASML canceled shipments of some of its machines to China at the request of US President Joe Biden's administration, weeks before export bans on the high-end chipmaking equipment came into effect, people familiar with the matter said.

(4) At least 30 people were killed and scores injured in a powerful earthquake that hit off the Noto Peninsula on Japan's northwest coast, toppling buildings, buckling roads and triggering a blaze that ripped through a city.

(5) Britain's push to become a "space superpower" is being undermined by political disarray and weak domestic investment, while showing how the nation needs international partners more than ever post-Brexit.

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Bloomberg’s Nathan Hager spends the hour covering the biggest tech stories from 2023 and what we can expect for the year ahead. He speaks with Gene Munster of Deepwater Asset Management and Dan Ives from Wedbush.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - we look ahead to Friday's December jobs report. Bloomberg Economics says the data should show job growth resuming its slowdown and the unemployment rate edging up.

In the UK - consumers are feeling the pinch from the higher cost of living - but they're still spending enough to fuel London's restaurant and cultural scenes. The weaker pound versus the dollar has also helped attract more big-spending tourists, particularly from the US. We check in on the restaurant scene.

In Asia - as 2023 comes to a close, we take a look at what's ahead for markets in China, India and Japan in 2024.

In Washington - while our attention is focused on the presidential election in 2024, a possible government shutdown and other disruptions loom.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Maine’s secretary of state ruled that Donald Trump cannot run in the state’s Republican primary, citing his efforts to overturn the 2020 election results.
(2) Half of the container-ship fleet that regularly sails the Red Sea and Suez Canal is avoiding the route now because of the threat of attacks, according to new industry data.
(3) Ukraine’s premier sounded the alarm over the country’s finances, requesting an emergency meeting with international donors as Kyiv confronts “exceptionally high uncertainty” over its budget at the start of the year.
(4) UK consumers are increasingly worried about their financial security and holding tighter to their purse-strings heading into 2024, reviving concerns that the economy could tip into a recession.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) The world’s debt market is on track to post its biggest two-month gain on record as traders ramp up expectations that central banks everywhere will slash interest rates next year.
(2) The Biden administration announced Wednesday $250 million in weapons and equipment for Ukraine, its final package for the year, as officials press Congress to renew aid in the new year. The Pentagon has previously said it will run out of money to replace weapons sent to Ukraine by Dec. 30 unless Congress approves new funding.
(3) Shipping giant Hapag-Lloyd said it will keep its vessels away from the Red Sea even after the launch of a US-led taskforce to protect the key trade route from militant attacks.
(4) Britain’s economy probably will avoid a recession in 2024 and strengthen in the second half of the year as consumers benefit from falling inflation and the easing of a lengthy cost-of-living crisis.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) US strikes on targets in Iraq and fresh attacks by Houthi militants on shipping in the Red Sea provided the latest warning signs that the war in Gaza risks expanding into a wider conflict destabilizing the Middle East.
(2) Wall Street kicked off the final week of 2023 with gains in stocks, extending a rally that put the market on the brink of a record.
(3) Elon Musk once scoffed at the notion that BYD could compete with Tesla. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.
(4) Apple, seeking to defend a business that generates roughly $17 billion a year, is appealing a US sales ban of its smartwatches after the White House refused to overturn the measure.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) In the US - It's been a very Merry Crypto-mas with Bitcoin and Etherum surging. Will it continue in 2024?

2) In the UK - 2023 has been a year of inflation, rate debates, and job cuts. What lessons can be learned from the past year and how can they help us navigate the next 12 months?

3) In Asia - After a devastating pandemic and prolonged economic slowdown in China, how has Macau's casino and gaming business recovered?

4) In Washington - The 118th Congress has convened for the year after a session marked with turmoil. What was actually accomplished, and who were the winners and losers?

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) UK Chancellor of the Exchequer Jeremy Hunt suggested falling debt interest costs may give him the headroom to deliver tax cuts at his budget in the spring, boosting the governing Conservative Party in what's likely to be an election year.
(2) The Czech Republic declared Saturday a national day of mourning after the worst shooting in the country's history left at least 15 people dead at Prague's Charles University.
(3) Apple has stopped selling the Apple Watch Series 9 and Ultra 2 in the US on its online store, just days before a ban related to a patent dispute takes effect.
(4) Elon Musk is lashing out at the state of US financial markets. In a wide-ranging talk with ARK Investment Management's Cathie Wood he bemoaned the high regulatory burden faced by publicly traded companies, the pressure from shareholders that limits efficiency, and how passive investing is stoking volatility.
(5) The shift away from cars with dirty combustion engines is running into a new hurdle: Drivers don't want to buy used electric vehicles, and that's undermining the market for new ones, too.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between their respective financial centers.

(2) An escalation of attacks on marine vessels in the Red Sea is causing widespread trade disruption as the world's biggest vessel owners take alternative longer routes, sending shipping rates soaring.

(3) European Union finance chiefs ended months of wrangling over fiscal rigor to agree on new rules that will aim to rein in debt and define the bloc's ability to invest in key sectors such as defense for years to come.

(4) Citigroup has decided to exit the distressed-debt trading business, the latest retrenchment in Chief Executive Officer Jane Fraser's effort to reshape the firm in pursuit of higher returns.

(5) With aid from allies increasingly in doubt, companies are stepping in to support Ukraine's war economy.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump is ineligible to serve as US president because of his actions inciting the Jan. 6, 2021 attack on the US Capitol, Colorado's highest court found, in an unprecedented ruling that's headed for the US Supreme Court.

(2) The US and its allies are considering possible military strikes against Houthi rebels in Yemen, in a recognition that a newly announced maritime task force meant to protect commercial ships in the Red Sea may not be enough to eliminate the threat to the vital waterway.

(3) Bets on the basis trade are so large that they’ve become central to buying and selling of US government bonds. Read our Big Take on the small group of hedge fund traders who dominate dealings in the tiny price gaps between Treasuries and futures. They’re the driving force behind a wager creating sleepless nights for regulators.

(4) UK house prices have plunged by 11% in real terms in just over a year, revealing the true extent of the downturn in the property market, calculations by Bloomberg Economics show.

(5) Wall Street's dramatic year of dealmaking drought, collapsing banks and job cuts is ending with a mere whimper for traders' bonuses.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US Defense Secretary Lloyd Austin has announced a new maritime task force intended to protect commercial vessels travelling through the Red Sea from attacks by Houthi militants. The countries involved in the new task force — dubbed Operation Prosperity Guardian — include the US, the UK, Bahrain, Canada, France, Italy, the Netherlands, Norway, the Seychelles and Spain.

(2) The Bank of Japan offered little for rate-hike bulls as it stuck with the world's last negative interest rate and kept guidance unchanged on future policy in a decision that pared some of the yen's recent gains.

(3) Apple will stop selling the latest versions of its smartwatch in the US due to a patent dispute, taking some of its best-selling devices off the market during the busy holiday season. Engineers at the company are racing to make changes to algorithms on the device that measure a user's blood oxygen level — a feature that Masimo has argued infringes its patents.

(4) Nippon Steel has defended the whopping 142% premium it's paying for United States Steel, as the Japanese company seeks to reinforce its position as a global titan to counter a weak domestic outlook.

(5) The UK government has lost close to £300 million ($379 million) on the £1.14 billion portfolio of start-up investments it made during the pandemic to prop up struggling young businesses.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel's foreign minister said any call for a ceasefire with Hamas is a "prize for terrorism," after France, UK and Germany urged efforts toward halting the war as the civilian death toll mounts.

(2) Egypt's Suez Canal Authority said it's "closely following" tensions in the Red Sea and any impact on canal crossings, after Yemeni militant attacks on vessels hundreds of miles to the south prompted major shipping lines to temporarily avoid the region.

(3) Federal Reserve Bank of Chicago President Austan Goolsbee said it's too early to declare victory in the central bank's inflation fight, and decisions on interest-rate cuts will be based on incoming economic data.

(4) The White House has taken aim at former President Donald Trump for saying immigrants are “poisoning the blood of our country,” portraying his comments as inflammatory fascist-style rhetoric that’s anathema to American democracy.

(5) Lengthy court backlogs are a symptom of a criminal justice system that appears to be at breaking point. The crown courts of England and Wales, which deal with the most serious offenses, are buckling under a record backlog of almost 67,000 cases, a figure that has doubled since 2019, according to government data.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) In the US - US retail sales unexpectedly picked up in November as lower gasoline prices allowed consumers to spend more to kick off the holiday shopping season.

2) In the UK - It's crunch time for last-minute shoppers ahead of the holidays in London - with retailers hoping for a last-minute surge in spending, despite the general economic gloom.

3) In Asia - Bank of Japan officials see little need to rush into scrapping the world’s last negative interest rate this month as they have yet to see enough evidence of wage growth that would support sustainable inflation

4) In Washington - Anticipation of a new wave of investors has Bitcoin booming once again. Key to the newfound optimism are indications that the US will soon approve exchange-traded funds that invest directly in the cryptocurrency.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Europe’s central bankers are in no hurry to join the US pivot toward interest-rate cuts: the Bank of England kept interest rates at a 15-year high, sticking with its message that borrowing costs will remain elevated for some time despite growing bets on a wave of cuts in 2024. And European Central Bank policymakers are largely united in expecting to cut interest rates later than financial markets currently anticipate, according to officials familiar with their thinking.

(2) Hungary has blocked a new 50-billion-euro EU financial aid package for Ukraine.

(3) China's central bank has injected a record amount of cash into the economy.

(4) Citigroup Inc. will shutter its municipal business, one of the most dramatic moves yet by Chief Executive Officer Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year.

(2) Virtually no corner of financial markets was left out of Wednesday's cross-asset advance: Global shares spiked higher. Front-end Treasuries posted their best day since March. World currencies surged against the dollar and corporate bonds rallied.

(3) Traders have ramped up bets on interest-rate cuts by the Bank of England next year after soft GDP data reinforced the view that policymakers won't be able to keep monetary policy tight for so long.

(4) Today's European Central Bank decision is also being watched for how forcefully policymakers push back against bets on interest rate cuts.

(5) Republicans in the US House voted Wednesday to formally authorize an impeachment inquiry into President Joe Biden, escalating a probe that has been underway for several months.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The UK economy shrank more than expected in October as elevated borrowing costs and wet weather took their toll, setting the stage for another quarter of stagnation that is widely forecast to persist through 2024.

(2) The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time.

(3) Germany’s ruling alliance has sealed an agreement on a revised 2024 finance plan, pushing past internal divisions laid bare after a critical funding tool was struck down by the nation’s top court.

(4) Argentina devalued the peso by 54%, overhauled its crawling peg and announced massive spending cuts to eliminate its primary fiscal deficit next year as the first steps in President Javier Milei's shock-therapy program.

(5) Netflix has released global midyear viewer data for every title on its service for the first time. The political thriller The Night Agent was the most-watched title globally in the first half of 2023, generating 812.1 million hours of viewing.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Prime Minister Rishi Sunak staved off a potential rebellion from members of his Conservative Party, winning a parliamentary vote on legislation designed to green-light his signature plan to deport asylum-seekers to Rwanda.

(2) Walgreens has been holding early talks about ways to separate Boots, which could be valued in a deal at about £7 billion, according to the people. Bloomberg understands that it's studying a London IPO as one possibility.

(3) Argentina devalued the peso by 54%, overhauled its crawling peg and announced massive spending cuts to eliminate its primary fiscal deficit next year as the first steps in President Javier Milei's shock-therapy program.

(4) Divisions between President Joe Biden and Israeli Prime Minister Benjamin Netanyahu over the conflict in Israel spilled into public view, with the leaders' competing visions for the post-war Gaza Strip underscoring a deepening split between the allies.

(5) Netflix has released global midyear viewer data for every title on its service for the first time. The political thriller The Night Agent was the most-watched title globally in the first half of 2023, generating 812.1 million hours of viewing.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK wage growth slowed at the sharpest pace in almost two years, a further sign that the labor market is cooling in response to a flagging economy. Bloomberg's Senior UK Economist Dan Hanson says it's "a little bit of a Goldilocks report".

(2) Right-wing members of Rishi Sunak's UK Conservative Party caucus said his attempt to implement a plan to deport asylum seekers to Rwanda "doesn't go far enough," underscoring the risk to the prime minister of a Parliamentary rebellion.

(3) Talks are ongoing to secure an oil and gas cut agreement on the final day of the COP28 climate summit in Dubai.

(4) Google's mobile app store maintains a monopoly in the market for distribution of programs and payments on its Android software, a federal jury in California decided, dealing a blow to the technology giant in a high-stakes antitrust battle with Epic Games Inc.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Right-wing members of Rishi Sunak's UK Conservative Party caucus said his attempt to implement a plan to deport asylum seekers to Rwanda "doesn't go far enough," underscoring the risk to the prime minister of a Parliamentary rebellion.

(2) Prime Minister Rishi Sunak said he kept government scientists in the dark about his controversial Eat Out to Help Out, an acknowledgment likely to fuel questions over his judgment in pushing a policy that encouraged Britons to mingle in pubs and restaurants during the pandemic.

(3) Talks are ongoing to secure an oil and gas cut agreement on the final day of the COP28 climate summit in Dubai.

(4) Google's mobile app store maintains a monopoly in the market for distribution of programs and payments on its Android software, a federal jury in California decided, dealing a blow to the technology giant in a high-stakes antitrust battle with Epic Games Inc.

(5) The pace of spiraling rental costs in Britain's housing market is finally beginning to slow according to Zoopla

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Arm's CEO Rene Haas told Bloomberg that whoever wins the next election, further restrictions on skilled migration will hurt growth.

(2) The Prime Minister is due to answer questions at the Covid inquiry today. Last month, the government's former chief scientific officer told the hearing it was "obvious" Rishi Sunak's Eat Out to Help Out scheme would fuel the spread of the virus.

(3) The S&P 500 Index will hit a record high in 2024 as the US avoids sinking into a recession, although a weaker consumer will mean the index gains less than this year's 20% surge, according to Bloomberg's latest Markets Live Pulse survey.

(4) University of Pennsylvania president Liz Magill and Board chair Scott Bok resigned this weekend. It comes days after Congressional testimony in which Magill declined to say that calling for the genocide of Jews always violates the university's code of conduct.

(5) For decades, many of the world's richest people chose to safeguard their assets in overseas locales ranging from the Cayman Islands to Switzerland and the British Virgin Islands. But a new wealth hub is becoming wildly popular with billionaires — the skyscraper-studded emirate of Abu Dhabi.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) In the US - We preview Federal Reserve policy meeting and news conference with Chair Jerome Powell. Economists see the Fed’s policy committee maintaining a benchmark interest rate target of 5.25% to 5.5%, with bond traders leaning toward a cut in the first half of 2024.

2) In the UK - It's a big week ahead for central banks in Europe too - with both the Bank of England and the European Central Bank meeting on Thursday. Market bets on rate cuts from policymakers in London and Frankfurt have been ramping up - but there's more data to come too.

3) In Asia - The Chinese economy has struggled this year in its post-Covid recovery. For months, the optimists have been hoping for signs of a turning point. Might there be a glimmer of improvement in the week ahead?

4) In Washington DC - we look ahead to what we can expect from congress in the new year.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The Palestinian Authority is working with US officials on a plan to run Gaza after the ongoing war is over, with one of its top leaders arguing that Israel's aim to fully defeat Hamas is unrealistic and the militant group should instead join a new governing structure.

(2) Israeli Prime Minister Benjamin Netanyahu has threatened devastation in Beirut and southern Lebanon if Hezbollah opens a second front in the war with Hamas.

(3) The rally in the yen spilled over into a second day as traders wagered that the Bank of Japan will scrap the world's last negative interest-rate regime much sooner than previously thought.

(4) Rishi Sunak faces a crucial two weeks if he is to control feuding Tory Members of Parliament and lead them into a general election expected next year. The latest fight is about whether the government should bend or ignore domestic and international laws so the UK can deport asylum-seekers to Rwanda without considering their claims.

(5) The dynasty behind the luxury brand Hermès added $56 billion to their wealth to become the world's third-richest family, according to Bloomberg's annual ranking. Abu Dhabi's ruling Al Nahyan family topped the Waltons as the world's richest, with wealth of $305 billion.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The heads of Wall Street's biggest banks took their most direct swing yet at Washington's plans to force them to set aside more cash as a buffer against losses.

(2) Senate Republicans blocked $66 billion in emergency Ukraine aid, heightening the risk US funding for the country's war effort will run dry as a partisan stalemate over immigration policies persists in Washington.

(3) European Commission President Ursula von der Leyen and European Council President Charles Michel have meet with Chinese leader Xi Jinping in Beijing. The EU officials are holding their first in-person summit with China in four years.

(4) The UK's immigration minister resigned over Prime Minister Rishi Sunak's latest proposal to deport asylum seekers to Rwanda, underscoring concerns that the anti-immigration plan doesn't go far enough to pacify a rebellion in the ruling party.

(5) Two months ago, Egypt looked like a country in grave danger of financial collapse. Now the world has urgent new reasons to come to the rescue.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Russia's President Vladimir Putin heads to Saudi Arabia as Bloomberg uncovers how Russia is sidestepping Western oil sanctions.

(2) The London Stock Exchange faces tough questions after it's hit by a third outage in three months.

(3) A Bloomberg scoop: The European Commission is set to recommend delaying tariffs on electric vehicles traded with the UK.

(4) Bitcoin goes on a tear to add more than 165% since last year's rout.

(5) Goldman boosts its pay pool despite slumping profits. The lender's top leaders say last year’s pay slump contributed to public sniping from unhappy staff.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Britain's 100 largest companies saw their tax bill rise 7.25% in the past year to a total of £90 billion ($113 billion), accounting for a 10th of all of the government's receipts.

(2) Qatar's wealth fund is offloading almost half of its shares in Barclays, a surprise move that comes as the bank's executives ready a strategic overhaul for early next year.

(3) Lloyds Banking Group has received £1.2 billion from the owners of the Telegraph newspaper, marking an end of the bank's involvement in a saga that's spawned government investigations and sparked a nationwide discussion on freedom of the press.

(4) Rishi Sunak's government raised the salary requirement for people applying to live in the UK, one of a series of measures designed to show voters his ruling Conservative Party has a plan to deliver on its pledge to reduce net migration ahead of a general election expected next year.

(5) The OPEC+ oil production cuts can "absolutely" continue past the first quarter if needed, Saudi Energy Minister Prince Abdulaziz bin Salman said, as he pledged the curbs would be delivered in full.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Iranian-backed Houthi rebels claimed they targeted "two Israeli ships" in the Red Sea, part of a series of attacks against commercial vessels in international waters on Sunday during which the US said one of its destroyers shot down three drones.

(2) Israel's military is expanding its operations across the Gaza Strip, with the expectation of a ground invasion of southern Gaza looming and warnings to many of the territory's 2.2 million residents to evacuate again.

(3) Bill Gates said the world probably won't meet the Paris Agreement's goal of keeping temperature rise below 2C. But he praised COP28 for making progress on tackling climate change despite geopolitical tensions.

(4) In recent years, many of the world's biggest banks have published reports chronicling the vast sums they say they're channeling into environmental and social activities. Now, senior people inside the industry are raising questions about those statements.

(5) Bitcoin scaled $40,000 for the first time since May 2022 as the largest digital asset extended a rebound on expectations of interest-rate reductions and greater demand from exchange-traded funds.

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Reports of crimes targeting Jews, Muslims and Arabs have risen around the world in since the Oct. 7 Hamas attack on Israel, and the Israeli military’s retaliatory operation in Gaza. While previous conflicts in the Middle East also sparked a backlash outside the region, this time it is more intense and the wave of hate may be far from cresting, according to advocacy groups, former law enforcement officials and analysts. In this Bloomberg Radio special report, Stephen Carroll examines how these communities are confronting a global surge in hate speech and hate crimes.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) In the US, Economists expect the November unemployment print, due out Dec. 8, to increase to 4% as unemployed workers take longer to find new jobs.

2) In the UK, we'll get fresh data on the number of new car registrations in the coming days. The sector has shown some signs of recovery recently, but manufacturers are still battling against a challenging post Brexit environment including painful tariffs on electric vehicles.

3) In Asia, The EU has said it does not want to decouple from China but rather, to de-risk parts of the relationship. So with a summit coming up between the two blocs, how might China and the EU navigate their dialogue on improving their trade relationship?

4) In Washington, CEOs of the biggest banks on Wall Street, including JPMorgan, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America, expected to testify on regulatory oversight to the Senate banking committee.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Israel has resumed combat against Hamas in the Gaza Strip after a week-long truce between the two sides ended this morning. Israeli jets started striking Gaza soon after deadline passed

(2) Bloomberg Economics believes typical signs of a recession started in October 2023. The baseline is that unemployment should increase persistently in 2024, approaching 5% by year-end – a mild recession by historical standards.

(3) Rishi Sunak has pledged to spend £1.6 billion on climate projects, as the British premier arrives at the COP28 summit trying to show leaders the UK remains committed to the cause.

(4) Britain ordered investigations into the proposed acquisition of the Telegraph newspaper by a vehicle backed by Abu Dhabi's Sheikh Mansour Bin Zayed Al Nahyan, in the latest twist in a battle to control the famed conservative media brand.

(5) After two years of delays and production snags, Tesla has finally handed the first Blade Runner-esque Cybertrucks over to customers. Elon Musk delivered a handful of vehicles to their new owners Thursday.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Israel and Hamas have agreed to extend their truce for at least another day, allowing for the release of more hostages held by the militant group in Gaza.

(2) Henry Kissinger, the child refugee who rose to become US secretary of state and defined American foreign policy during the 1970s with his strategies to end the Vietnam War and contain communist countries, has died. He was 100.

(3) US economic activity slowed in recent weeks as consumers pulled back on discretionary spending, the Federal Reserve said in its “Beige Book” survey of regional business contacts.

(4) One of China's largest investment banks has warned its analysts against making any bearish calls and to avoid showing off their lavish lifestyle, as Beijing continues to clamp down on well-paid bankers.

(5) Elon Musk, the billionaire owner of X, says the advertisers that have stopped spending on the platform due to his endorsement of an antisemitic post can "f——" themselves.

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Henry Kissinger, the child refugee who rose to become US Secretary of State and defined American foreign policy during the 1970s with his strategies to end the Vietnam War and contain communist countries, has died. He was 100.

Not long before his passing, Kissinger sat down with Bloomberg Editor-in-Chief John Micklethwait for an extended conversation. He talked about his life and career, what shaped his worldview, and his thoughts on the current state of global affairs. Listen here for that special conversation, in its entirety.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The famed investor Charles Munger has died at the age of 99. As Warren Buffett's right hand man for almost 60 years he helped transform Berkshire Hathaway from a failing textile maker into a global conglomerate.

(2) Two Federal Reserve officials who led the push for higher interest rates to curb inflation last year signaled they could be comfortable holding rates steady for now, reinforcing expectations that the central bank's current hiking cycle is done.

(3) Billionaire investor Bill Ackman tells Bloomberg he is betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting.

(4) Hamas has turned over 12 more hostages — 10 Israelis and two Thai citizens — to the Red Cross, according to the Israeli prime minister's office, despite earlier competing claims of violations of the deal that brought their war to a temporary pause.

(5) A special report on risky AT1 bonds which are booming again after being decimated by the implosion of Credit Suisse.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Israel and Hamas agreed Monday to extend a cease-fire in their devastating war until Thursday morning, as 11 more freed hostages arrived in Israel.

(2) Billionaire Elon Musk said that he'd like to help rebuild Gaza after the war with Hamas in a conversation with Prime Minister Benjamin Netanyahu, part of a day-long series of meetings with political leaders in Israel.

(3) Saudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.

(4) Inflation in UK shops has fallen to a 17-month low as retailers fight to attract shoppers ahead of the crucial holiday period.

(5) Homebuyers are getting the edge in the UK property market, forcing the growing ranks of sellers to slash prices in order to secure deals.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Rishi Sunak denied his economic plans are about to deliver a fresh bout of UK austerity, even as the official fiscal watchdog warned his tax-cutting strategy assumes a significant squeeze on stretched public services.

(2) Israel and Hamas signaled that a temporary cease-fire in Gaza could be extended beyond Monday to allow for the release of more hostages and prisoners.

(3) Elon Musk will meet with Israeli President Isaac Herzog and representatives of the families of hostages held in Gaza, in an apparent effort to defuse a growing furor over his endorsement of an antisemitic tweet.

(4) Joe Biden will skip COP28 according to the NYT. Leaders and officials from more than 200 countries are expected to attend the US climate summit that starts in Dubai Thursday.

(5) British lawmakers should review the role and operation of the Bank of England every five years as part of reforms to improve accountability at the central bank and make it "work better" after a string of "errors" that let inflation surge.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) US Equities 2024 Outlook: The Double Dip

2) Falling house prices could worsen the crunch facing households when they come to refinance their fixed-rate mortgage deals, according to research from the Bank of England.

3) South Korea’s early trade data show exports are likely to maintain their growth momentum this month, continuing their rebound from a year-long slump and helping brighten the outlook for global commerce.

4) Republican ultra-conservatives are running out of patience less than four weeks after installing one their own, Mike Johnson, as House speaker, signaling turmoil ahead and heightened risk of a government shutdown in the new year.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) A temporary ceasefire in the war between Israel and Hamas has begun. An initial group of women and children hostages will be released by Hamas in the afternoon. In total Hamas has agreed to free 50 hostages while Israel will release 150 jailed Palestinians. All of those involved in the deal are women and children.

(2) Barclays is working on plans to reduce costs by as much as £1 billion ($1.3 billion) over several years, which could involve slashing as many as 2,000 jobs, according to Reuters.

(3) Germany will suspend a constitutional limit on net new borrowing for a fourth consecutive year after Chancellor Olaf Scholz's government was forced into a radical budget overhaul by a ruling last week from the nation's top court.

(4) UK consumer confidence rebounded in November, with households more willing to splash out on major purchases ahead of Christmas, a survey found.

(5) A growing number of London's richest homebuyers are choosing to rent rather than buy as high interest rates and a tough tax environment curb investment.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Chancellor Jeremy Hunt will provide a £21 billion stimulus to the UK economy in the run-up to the next election, threatening to fuel inflation and prompt the Bank of England to keep interest rates in painfully high territory.

(2) Far-right lawmaker Geert Wilders won the Dutch elections and said he plans to lead the country's next government, in a shock result that will resound across Europe.

(3) Israel and Hamas's talks over a deal for a short-term truce continued overnight, with Israeli officials signaling that the release of hostages from Gaza would be delayed for a day until Friday.

(4) Warren Buffett said that the donation of his fortune to charitable causes after his death will be open to public scrutiny, though the 93-year-old billionaire said he's still doing fine for now.

(5) A special report on Viktor Orban's $1 Billion School for Tomorrow's Nationalists. The Budapest-based college has turned into a powerful tool for the populist Hungarian leader to export his world view.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:
(1) Israel and Hamas backed a deal that will free dozens of hostages from Gaza in return for a four-day pause in fighting and the release of a number of Palestinian prisoners — the first lull in a conflict that began Oct. 7 and has killed thousands of people.

(2) OpenAI will bring back Sam Altman and appoint new board members, after nearly all of its employees threatened to quit over his surprise ouster. Altman is returning to his role as chief executive officer and the new board will be chaired by Bret Taylor and include Larry Summers and Adam D'Angelo.

(3) UK Chancellor of the Exchequer Jeremy Hunt aims to boost business investment by £20 billion ($25 billion) a year by unleashing a package of measures on Wednesday including making permanent a 100% tax relief on investment spending by British businesses.

(4) Binance Holdings and its Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating.

(5) Nvidia investors gave a cool reaction to its latest quarterly report, which blew past average analysts' estimates but failed to satisfy the loftier expectations of shareholders who have bet heavily on an artificial intelligence boom.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Hamas chief Ismail Haniyeh said his group is close to reaching a "truce agreement" in talks with Qatar and Israel, rare public comments that suggest discussions over freeing some hostages held by the militant group are progressing.

(2) According to a memo seen by Bloomberg, OpenAI is once again in active discussions to reunifying the company and bring back their ousted CEO Sam Altman.

(3) Bank of England Governor Andrew Bailey warned the central bank may have to raise interest rates again and that food and energy costs remain an upside risk to the inflation outlook.

(4) The shock that rippled through global housing markets as central banks rapidly raised interest rates last year has given way to a cold new reality: The real estate bonanza that fueled wealth for millions of people is over.

(5) France is at risk of flouting the European Union's fiscal guidance while Germany and Italy are deemed not fully compliant, according to people familiar with the matter.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) OpenAI's board hired former Twitch chief Emmett Shear as chief executive officer, defying calls from investors to reinstate the ousted Sam Altman, according to people familiar with the matter.

(2) Jeremy Hunt is set to reveal plans to cut Britain's tax burden at this week's Autumn Statement, a pivotal time for the struggling Tories in one of their few remaining set-piece events before a general election expected next year.

(3) A deal for Hamas to release hostages taken during its Oct. 7 attack on Israel may be the closest yet and would require a multiday pause in the fighting, US Deputy National Security Advisor Jon Finer said.

(4) Elon Musk railed against "bogus" media reports accusing him of antisemitism, issuing his strongest response yet after endorsing antisemitic content in a post on X that provoked outrage and alienated advertisers like Apple.

(5) London Heathrow Airport has experienced flight delays on Sunday after staff shortages and bad weather led to limits on air traffic.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) Earnings continue...one big company reporting this week is Nvidia. According to Bloomberg Intelligence...Nvidia is likely to report another beat in its fiscal 3Q earnings results and guidance.

2) In the UK: Chancellor of the Exchequer Jeremy Hunt likely has limited scope to ease fiscal policy in his upcoming Autumn Statement. Bloomberg Economics expects near-term growth and inflation impact of the Autumn Statement will be broadly neutral.

3) In Asia: The Biden administration’s decision to remove a Chinese organization from a sanctions list as part of a deal to combat the fentanyl crisis marks an unusual concession to Beijing’s complaints over US trade restrictions.

4) In Washington: President Joe Biden signed a stopgap bill to extend government funding into early 2024, averting a government shutdown for now but kicking a politically-divisive debate over federal spending into a presidential election year.

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On today's podcast:

(1) Alphabet CEO Sundar Pichai said he expects China to be "at the forefront" of artificial intelligence, and said it's important for the US to collaborate with the Asian nation on both regulation and innovation.

(2) Applied Materials, the largest US maker of chipmaking machinery, slid in late trading following a report that it faces a US criminal investigation for allegedly violating export restrictions to China.

(3) British companies will be able to release billions of pounds from pension funds for investment under a package of growth reforms that Chancellor Jeremy Hunt will unveil at next week's autumn statement.

(4) With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority stake in the Aston Martin team to US private equity firm Arctos Partners.

(5) Inflation data from the US, UK and Eurozone all indicate inflationary pressures are now easing. But that also means the focus shifts from growing too fast to not growing fast enough, pushing yields across the treasury curve lower.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) President Xi Jinping said China wants to be friends with the US and said his nation won't fight a war with anyone, one of his clearest remarks yet proclaiming a desire for peaceful ties between the world's two largest economies.

(2) Israel's military raid on Gaza's Shifa hospital — which drew condemnation in the Middle East and elsewhere — won some support from US President Joe Biden, who said Hamas's use of the facility against international norms constituted a "war crime."

(3) UK opposition leader Keir Starmer faced the most serious challenge to his authority yet as more than 50 of his Labour members of parliament openly defied him to back calls for a cease-fire in the Israeli-Hamas war, with 10 forced to leave their front bench positions.

(4) Rishi Sunak is battling to resuscitate his plan to deport asylum seekers to Rwanda, a frantic bid to stave off a right-wing rebellion that poses a serious threat to his control over the governing UK Conservative Party.

(5) Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in the industry, even after companies have made gains in the past five years.

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Your morning briefing, the business news you need in just 15 minutes.

On today’s podcast:

(1) Israeli troops entered Gaza's Shifa hospital compound as part of a "precise and targeted operation" against Hamas that runs the risk of raising international ire if it ends up causing more civilian casualties.

(2) The White House is getting increasingly frustrated with Israel's conduct of the war against Hamas as the civilian death toll mounts and the administration's calls go unheeded, widening a rift between the close allies.

(3) JPMorgan CEO Jamie Dimon said that people are over-reacting to short-term numbers "and they should stop doing that."

(4) Citadel founder Ken Griffin said the Federal Reserve risks a hit to its reputation if it cuts interest rates too quickly.

(5) Former UK Home Secretary Suella Braverman accused Rishi Sunak of betraying the public and breaking his promise to clamp down on immigration, in an explosive letter.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

1) David Cameron’s appointment as British foreign secretary has provoked criticism of the former premier’s warm relationship with China, a closeness that is at odds with the current skeptical stance of Rishi Sunak’s Conservative Party.

(2) Joe Biden and his Chinese counterpart, Xi Jinping, are set to announce an agreement that would see Beijing crack down on the manufacture and export of fentanyl.

(3) US Treasury Secretary Janet Yellen said she disagrees with Moody’s Investors Service’s shift to a negative outlook on the country’s Aaa credit rating, expressing confidence in the economy and in Treasuries as a safe asset.

(4) JPMorgan Chase & Co. strategist Marko Kolanovic says he continues to see risks in stocks, recommending investors fade a rally that was significantly driven by “momentum strategies and short covering.”

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Senior officials in Israel and the US suggested that talks on securing the release of Hamas-held hostages are intensifying.

(2) The United Nations said Israeli ground attacks and shelling increased around hospitals, with several being directly hit.

(3) The immediate threat of chaos in London’s streets has subsided, but that may only provide a brief respite for Rishi Sunak; chief among his challenges is whether to fire his Home Secretary Suella Braverman.

(4) Asking prices for UK homes recorded the biggest November decline in five years as more sellers accepted the reality of finding buyers in a credit-constrained market, according to Rightmove.

(5) A reckoning has come for Britain’s £262 billion trust industry as central bank interest rates and bond yields hit multi-year highs .

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) We preview this week's upcoming CPI and PPI data

2) The Dubai Airshow kicks off this week - a major event for airlines and plane makers

3) President Biden prepares to meet China's President Xi in San Francisco this week

4) A Government shutdown looms - Speaker Johnson in focus.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) On Thursday, trades handled by the world's largest bank in the globe's biggest market traversed Manhattan on a USB stick.

(2) Federal Reserve Chair Jerome Powell said the US central bank will continue to move carefully but won't hesitate to tighten policy further if needed to contain inflation.

(3) Israel is providing "quick humanitarian windows" to allow people to flee northern Gaza while the military fights Hamas militants

(4) Rishi Sunak's deputy held meetings this week to plan changes to the UK Cabinet, people familiar with the matter said, amid growing calls for Home Secretary Suella Braverman to be fired.

(5) The Middle East has long been a global crossroads for air travel. But flying those routes has become more difficult in recent weeks, with airlines forced to skirt war zones, and curtail services as a safety precaution.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Israel said about 50,000 Palestinians fled to southern Gaza as the army pushed deeper into Hamas strongholds in the north of the territory.

(2) Former US Secretary of State Hillary Clinton said both Israel and the Palestinians need new leadership in order to have a chance of achieving a peace deal once the current war in the Gaza Strip ends.

(3) Citadel founder Ken Griffin said the world is facing unrest and structural changes that are pushing it toward de-globalization and causing higher baseline inflation that may last "for decades."

(4) The Federal Reserve is scrutinizing whether Morgan Stanley's wealth management business is taking adequate measures to prevent potential money laundering by wealthy clients from outside the US.

(5) Italian Prime Minister Georgia Meloni has defied expectations with her first year in office; but the path ahead looks more difficult, with missteps becoming more likely.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Saudi Arabia's investment minister tells Bloomberg talks aimed at a normalization of diplomatic ties with Israel will continue.

(2) Israel said its troops have entered the middle of Gaza's main city, as they continue their operation to destroy Hamas.

(3) Europe's economy is unlikely to crash — even as a more-than yearlong bout of interest-rate increases tames inflation, according to the International Monetary Fund.

(4) More than a quarter of FTSE 100 finance chiefs have left their jobs so far in 2023, almost double the same period in 2022.

(5) Nestle's Ukraine Business is contending with power cuts, declining demand and staffing shortages as workers join the fight or flee the country.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UBS has posted a net loss of $785 million for the third quarter, it's the bank's first loss since 2017.

(2) Civilians trapped in Gaza are running out of food, fuel and hope as the US and Israel discuss "tactical pauses".

(3) Former high-flying startup WeWork has filed for bankruptcy listing nearly $19 billion dollar of debts.

(4) SpaceX is reportedly on track to book revenues of about $9 billion this year across its rocket launch and Starlink businesses.

(5) Goldman Sachs is revamping how its asset-management teams get rewarded, boosting their payouts when funds outperform.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israeli troops have entirely encircled Gaza City, effectively cutting off the northern part of the strip from the south, an Israeli army spokesman said, adding that targets both above and below ground were under attack.

(2) Secretary of State Antony Blinken made an unscheduled stop in Baghdad, expanding US diplomacy in the Middle East with the goal of preventing a spread of the Israel-Hamas war.

(3) Billionaire investor Warren Buffett's Berkshire Hathaway is feeling the effects of the deals drought. Its cash pile scaled a fresh record in the latest quarter, hitting more than $157 billion.

(4) The UK is to mandate annual North Sea oil and gas licensing rounds under plans to be announced this week, as part of efforts by Prime Minister Rishi Sunak's government to give certainty to investors and reduce reliance on "hostile foreign regimes."

(5) As the European Union's biggest economy wrestles with a persistent slump and a surge in immigration, the specter of German nationalism has returned, leaving citizens more conflicted over their country's direction than at any point since World War II.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) We get Disney earnings this week after, the company said it plans to buy Comcast's one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year.

2) Republican presidential contenders will face off Wednesday night in their first debate of the primary season — minus frontrunner Donald Trump, who continues to lead his GOP rivals by a double-digit margin.

3) UBS will be eager to show the benefits of its takeover of Credit Suisse in results on Tuesday, the first full quarter including the acquired business. While reports from US and European peers bode well, much of the Swiss bank’s fortunes hinges on its ability to retain talent and put Credit Suisse’s troubles swiftly behind it.

4) Australia Prime Minister Anthony Albanese is heading to China, recognizing that the two nations have much to gain from constructive dialogue — and lots to lose without it.

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On today's podcast:
1) Sam Bankman-Fried has been convicted of a massive fraud that led to the collapse of his FTX exchange.
2) US Secretary of State Antony Blinken lands in Tel Aviv for talks with Prime Minister Benjamin Netanyahu and his War Cabinet as Israeli troops encircle Gaza City, insisting a cease-fire isn’t on the table.
3) Bank of England Governor Andrew Bailey speaks to Bloomberg. He may insist that it is “much too early to be thinking about rate cuts,” but the financial markets have other ideas.
4) Apple’s disappointing holiday-quarter outlook has cast a spotlight on its mounting problems in China.
5) Transport services across the UK, France and the Netherlands are facing disruption due to high winds and heavy rain from Storm Ciarán.

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On today's podcast:
1) President Joe Biden said Israel and Hamas militants ought to “pause” fighting in order to allow time to free hostages being held in the Gaza Strip, but stopped short of supporting a full cease-fire.
2) A further 600 foreigners are expected to leave via the Rafah crossing to Egypt after diplomatic efforts led to a limited opening of the border.
3) Federal Reserve Chair Jerome Powell hinted the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off on raising interest rates for a second consecutive policy meeting.
4) An Exclusive interview: Barclays chief executive officer C.S. Venkatakrishnan tells us he plans to spare its Asia business from the bulk of job cuts as the British bank embarks on a reduction in its global workforce.
5) Transport services across the UK, France and the Netherlands are facing disruption due to high winds and heavy rain from Storm Ciarán.

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On today's podcast:

1) Israeli military report dozens killed and wounded at a Gaza refugee camp, stoking concerns about the mounting toll from weeks of fighting.

2) US Secretary of State Antony Blinken is set to head back to Israel as both nations explore options for the future of the Gaza Strip.

3) The Federal Reserve is poised to hold interest rates steady at a 22-year high for a second meeting, while leaving open the possibility of another hike as soon as December with economic growth staying resilient.

4) Rishi Sunak pitches himself as a clean break from the chaotic leadership of his two immediate predecessors as prime minister for both the UK and his governing Conservative Party. Instead, he’s getting dragged back into the mire over his role in the country’s chaotic response to the coronavirus pandemic.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Netanyahu dismissed calls for his resignation over his handling of the Hamas attacks and ruled out a cease-fire in the three-week-old conflict.

(2) Authorities in Hamas-run Gaza said the death toll has surpassed 8,300 and UN officials said more than 1.4 million people are internally displaced.

(3) The Bank of Japan has further loosened its grip on government bond yields while continuing to stick with its negative interest rate.

(4) X, the platform formerly known as Twitter, is worth less than half of what Elon Musk paid for it a year ago.

(5) Apple has announced a new iMac, MacBook Pros and the third generation of its in-house Mac processor line.

(6) Today is the last day of Black History Month in the UK. We've been hearing from Black people in financial industries about representation in the sector.

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On today's podcast:

1) Israel widened its ground offensive on the second day of expanded Israeli ground fighting in Gaza.

2) Israel's Prime Minister Benjamin Netanyahu comes under criticism over his unwillingness to accept responsibility for apparently failing to anticipate the deadly Oct. 7 attack by Hamas.

3) HSBC has announced a 3 billion-dollar share buyback in its latest results. The bank reported pretax profits of 7.71 billion dollars for the the third quarter - that's less than the estimated 8.1 billion.

4) Australia has walked away for the second time in three months from talks with the European Union toward a free trade deal, almost certainly pushing any agreement into next year or beyond.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In this episode:

Federal Reserve interest rate decision. Economists are forecasting the Fed will hold the target for its benchmark interest rate at 5.25% to 5.5%.
US employment report for October. Economists are forecasting non-farm payrolls rose by 173,000 in October following September’s gain of 336,000.
Republicans installed little-known Trump ally Mike Johnson as US House speaker, cementing the party’s rightward shift and ending a messy three-week succession fight that paralyzed legislative work.

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On today's podcast:

(1) The US said it hit two facilities in eastern Syria it believes were used by Iran’s Islamic Revolutionary Guard Corps and other groups, in what it called “self-defense strikes”

(2) Iran’s foreign minister warned that the US won’t escape unaffected if the Hamas-Israel war turns into a broader conflict. The comments come as Israel said it sent troops on a limited raid into Gaza for the second night running, as preparations for a more extensive ground offensive continue.

(3) Treasury Secretary Janet Yellen said the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government borrowing driven by a widening fiscal deficit.

(4) Ernst & Young partners in the UK saw their share of profits drop for the first time in three years as the Big Four audit firms face economic uncertainty. Partners at the accounting firm’s UK arm pocketed an average of £761,000 ($923,000) last year, compared with £803,000 the year before. The firm also cut its pay rise and bonus pool by about 30% to £155 million.

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On today's podcast:

(1) Israel says it made limited ground raids against Hamas targets in northern Gaza overnight before withdrawing.

(2) Netanyahu told Israelis a ground invasion is being prepared as US President Joe Biden said he asked Israel to delay a ground invasion.

(3) Standard Chartered Plc's shares fell after it said profit missed estimates in the third quarter as it took charges related to investments in China.

(4) BNP Paribas posted weaker revenue from fixed-income trading in the third quarter, adding to evidence that European banks underperformed their Wall Street counterparts.

(5) Morgan Stanley selected Ted Pick to become its new chief executive officer, succeeding James Gorman after a 14-year run that reshaped the Wall Street bank

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On today's podcast:

(1) Netanyahu told Israelis a ground invasion is being prepared as the country's military continues to target Hamas's leadership in Gaza.

(2) US President Joe Biden said he asked Israel to delay a ground invasion of Gaza to assist in the return of hostages held by Hamas.

(3) Morgan Stanley selected Ted Pick to become its new chief executive officer, succeeding James Gorman after a 14-year run that reshaped the Wall Street bank.

(4) BNP Paribas posted weaker revenue from fixed-income trading in the third quarter, adding to evidence that European banks underperformed their Wall Street counterparts.

(5) Meta has dashed investors' hopes for a long-term advertising recovery, saying it is at the whim of an uncertain economic environment.

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On today's podcast:

1) The Israeli ambassador to the United Nations demanded that Secretary-General Antonio Guterres resign for saying Hamas's Oct.7 attack on Israel didn't happen in a vacuum, capping a day of heated exchanges at the Security Council over violence that threatens to spark a regional war.

2) US President Joe Biden and Saudi Arabia's crown prince discussed efforts to prevent the Israel-Hamas war from expanding, while more European leaders are due in Israel on Wednesday, the latest in a flurry of diplomacy as it weights a ground invasion of Gaza.

3) Deutsche Bank plans to accelerate payouts to shareholders after higher income from its corporate bank and deposit inflows offset weaker trading results in the third quarter.

4) Lloyds Banking Group set aside less than expected for troubled loans in the third quarter, helping it to beat earnings expectations for the period and maintain its outlook for the year.

5) Banco Santander earnings beat estimates as higher interest rates in Europe and Mexico continued to boost revenue, and offset a rise in loan loss charges.

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On today's podcast:
(1) Israel demands the resignation of the UN Secretary-General as tensions flare at a Security Council meeting over the Israel-Hamas war.

(2) Deutsche Bank to step up payouts as lending offsets trading lull.

(3) Microsoft sales top estimates as cloud growth picks up steam.

(4) Germany's Green Vice-Chancellor, Robert Habeck, can't make the country meet its climate goals.

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On today's podcast:

(1) Hamas frees two more hostages from Gaza as the US sends more forces to the Middle East with world leaders calling for aid.
(2) Barclays missed estimates at its investment bank and lowered UK guidance for the second consecutive quarter
(3) The UK economy lost jobs again in the three months through August, a sign that inflationary forces may be abating.
(4) Billionaire investors Bill Ackman and Bill Gross abandon their short position on US Treasuries.

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On today's podcast:

(1) Hamas frees two more hostages from Gaza, as the US sends more forces to the Middle East.

(2) Billionaire investors Bill Ackman and Bill Gross abandon their short position on US Treasuries.

(3) Chevron is paying $53 Billion in a bet that oil will be around for decades to come.

(4) Bloomberg's list of 25 UK startups to watch - ranging from digital bank Monzo to a wearable brain scanner company.

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On today's podcast:

(1) Israel could delay or alter its Gaza ground invasion plans after the release of two American hostages.
(2) Beijing rattles foreign businesses by detaining an executive and former staff at the advertising giant WPP, while starting investigations into Apple supplier Foxconn.
(3) US House Republicans widen the field for a new Speaker to nine new candidates as lawmaking and major aid efforts stay paralyzed.
(4) Prime Minister Rishi Sunak is reportedly weighing tax cuts just as Moody's returns its UK credit outlook to pre-Truss levels.

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Bloomberg Daybreak Weekend with John Tucker takes a look at some of the stories we'll be tracking for you in the coming week including a preview of the upcoming big tech earnings, Fed Chair Powell's outlook on the economy, China's efforts to do more on the global stage and the UK's reaction to the war in Israel.

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On today's podcast:

(1) President Biden appealed directly to Americans to support funding for Israel and Ukraine's war efforts, warning that Hamas and Russia pose parallel threats to democracy.

(2) UK Prime Minister Rishi Sunak will travel to Egypt today as he urges leaders in the Middle East to avoid an escalation of the Israel-Hamas conflict.

(3) Jerome Powell has signaled a November hike is unlikely while leaving the door open for more rate increases.

(4) Labour has overturned huge conservative majorities to win two parliamentary seats.

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On today's podcast:
(1) The Prime Minister, Rishi Sunak is about to begin a two-day trip to Israel a day after President Biden's visit to the country failed to cool rising tensions in the region.

(2) President Biden says says he's now secured agreements from both Egypt and Israel to allow 20 trucks of aid into the Palestinian territory.

(3) Elon Musk says Tesla's much hyped Cybertruck will begin being delivered to consumers next month, two years behind schedule.

(4) Netflix is raising prices for some customers in the US, UK and France after posting its best quarter for subscriber growth in years.

(5) A forensic accountant says the missing nine billion dollars from FTX's books were used for Alameda's investments, property purchases, and political

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On today's podcast:
(1) At least 500 people are reported to have been killed in an explosion at a Gaza City hospital.

(2) President Biden is due in Israel today, his proposed summit in Jordan has been cancelled.

(3) China's economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars.

(4) Goldman profits slumped by 33% in Q2, that's its eighth straight quarterly profit drop.

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US President Joe Biden is set to travel to Israel on Wednesday in a show of solidarity for the US ally after deadly attacks by militant group Hamas. He's expected to meet Israeli Prime Minister Benjamin Netanyahu ahead of a likely Israeli ground offensive on Gaza. Caroline Hepker and Anna Edwards spoke to Netanyahu's Senior Advisor Mark Regev for a wide ranging conversation on events in Israel, Gaza and the Wider Middle East.

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On today's podcast:
(1) President Biden will travel to Israel tomorrow in a show of US solidarity with its closest ally in the Middle East.

(2) Russian leader Vladimir Putin has arrived in Beijing for China's Belt and Road Forum.

(3) The Bank of England Chief Economist Huw Pill says sticky inflation in the UK may require a long-lasting response.

(4) Reports suggest that Goldman Sachs CEO David Solomon has stopped his controversial hobby of DJing.

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On today's podcast:

(1) President Biden is considering a trip to Israel as Western nations ramp up efforts to prevent the war with Hamas from engulfing the region. (Interview)

(2) The US is planning to tighten measures on China's access to advanced semiconductors and chip making equipment (Interview)

(3) Poland's opposition leader Donald Tusk has declared victory in the country's general elections -- marking a possible shift in the tide of populist forces in Europe.

(4) House Democrats say they're having informal talks with Republicans about a potential bipartisan solution to finding a speaker.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a preview of the upcoming bank earnings, the inflation fight in the UK, and China's economic issues.

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On today's podcast:

(1) The Israeli army tells one point one million civilians to leave northern Gaza, something the UN says is "impossible".

(2) Fed policy makers say moves in the bond markets are yielding results.

(3) Steve Scalise has walked away from his brief bid to be the US House Speaker.

(4) British Billionaire Jim Ratcliffe closes in on a major investment in Manchester United.

(5) Third quarter earnings season kicks off for America's largest banks today.

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On today's podcast:

(1) Five days after Hamas carried out the deadliest assault on Israel in half a century, both sides are bracing for a major ground attack on Gaza.

(2) More than 2,400 people have been killed since Saturday's surprise attack against Israel.

(3) Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according to the boss of Barclays.

(4) UK listings may be thin on the ground, but the boss of the London Stock Exchange Group says there's value in such scarcity.

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On today's podcast:
(1) The combined death toll from the conflict between Israel and Hamas is now over 2,000.

(2) Israel's military said it's building a base for thousands of soldiers in preparation for the next phase of its retaliation.

(3) Keir Starmer channeled the record and spirit of Blair in his pitch to be Britain's next leader.

(4) The Fed's Mary Daly says rates won't stay as high as they are now indefinitely.

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On today's podcast:

(1) More than 900 Israelis, mostly civilians, are now known to have died in Hamas's attacks at the weekend. Nearly 700 Palestinians have been killed during retaliatory strikes.

(2) The Israeli Defense Forces say attacks against the Gaza Strip are proceeding.

(3) Israel's army is now planning the largest mobilization in the country's history, calling up 300,000 reserve soldiers to fight.

(4) Keir Starmer will warn the UK faces a difficult path to recovery as he urges voters to put their trust in his opposition Labour party.

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On today's podcast:
(1) The death toll from the conflict between Israel and the militant group Hamas has passed 1,100.

(2) The Hamas incursion was Israel's worst military and intelligence failure in 50 years.

(3) Israeli authorities have responded with force in Gaza, bombing buildings and killing hundreds.

(4) The UK's Labour party is considering plans to borrow to invest in British industry.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a preview of the upcoming CPI data, the battle to become speaker of the House, Ireland's newest budget proposal and the impact of China's Golden Week holiday.

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On today's podcast:

(1) Corporate firms are ignoring the Fed and bingeing on debt

(2) Mary Daly says the recent jump in bond yields offers a reason to hold rates steady.

(3) The UK Labour party has taken a parliamentary seat from the SNP in a key election test.

(4) There are multiple reports Donald Trump revealed nuclear submarine secrets to a billionaire friend

(5) Why Sweden's real estate crisis is threatening its biggest pension fund.

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On today's podcast:
(1) Global bonds are doomed to keep falling unless we see a sustained slump in equities - according to analysts from Barclays.

(2) Bill Gross says stocks are "clearly overvalued" and that bond yields will need to fall "significantly" to justify current valuations.

(3) London Stock Exchange CEO Julia Hoggett says the City of London is being hamstrung by low salaries.

(4) While much of the attention in the real-estate crisis has focused on landlords and owners, developers look the most exposed.

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On today's podcast:

(1) The 30-year US Treasury yield touches 5% for the first time since 2007.

(2) Unstoppable bond yields crank up the pressure on equity markets around the world.

(3) Republican Kevin McCarthy is ousted as US House speaker by hardliners in his own party.

(4) Rishi Sunak seeks to put the Conservative party agenda back on track as HS2 dominates headlines.

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On today's podcast:

(1) Rishi Sunak seeks to put the Tory agenda back on track as HS2 dominates headlines.

(2) Republican Kevin McCarthy is toppled US House speaker by those in his own party.

(3) Palantir, the data analysis firm co-founded by tech billionaire Peter Thiel has emerged as the top pick for a major NHS data contract.

(4) Billionaire investor Ray Dalio says US-China relations are close to breaking down in an interview with Bloomberg

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On today's podcast:
(1) Reports a key part of HS2 is about to be scrapped throw Rishi Sunak's pre-election narrative off track.

(2) Bank of England policymaker Catherine Mann says interest rates have only just reached restrictive territory.

(3) Loretta Mester say the Federal Reserve will probably need to raise rates once more this year.

(4) Jamie Dimon said artificial intelligence is likely to make dramatic improvements in workers' quality of life, even if it eliminates some jobs.

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On today's podcast:

(1) Jeremy Hunt will today say he's increasing the National Living Wage to at least £11 an hour amid growing party discontent over Britain's tax burden.

(2) A stop-gap spending bill passed by the US Congress over the weekend will keep the government open until the 17th of November.

(3) Household water bills in the UK are set to rise by an average of 35% by 2030 as utility firms plan to ramp up investment.

(4) The billionaire Bill Ackman is said to be interested in pursuing a deal with Elon Musk's X Corporation, as part of a new investment vehicle.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including an impending government shutdown, the start of the trial of Sam Bankman-Fried and a look to the political party conferences in the UK.

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On today's podcast:

(1) Global stocks are on course for their worst month in a year.

(2) French Competition Regulators reportedly search the offices of Nvidia.

(3) US workers prepare for missed pay checks as a deal on government funding remains elusive.

(4) Exclusive reporting on how London's three-decade boom has pushed black residents out of the capital.

(5) Bloomberg learns that Apple almost made Bing its default search engine.

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On today's podcast:

(1) Crispin Odey joked about his accusers and blamed the 'woke brigade' for the downfall.

(2) The US Department of Justice has stepped up its probe of Credit Suisse & UBS on sanction breaches.

(3) China Evergrande Group and its units have suspended trading in Hong Kong.

(4) Apple iPhone 15 Pro users complain that the device can get too hot.

(5) One Investor's uphill battle to turn rewilding Into a multi-billion dollar industry.

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On today's podcast:

(1) The UK sits down for EV tariff talks with the EU as Tesla finds itself in the crosshairs of the bloc's Chinese subsidy probe.

(2) US regulators sue Amazon, accusing it of monopolizing the online marketplace.

(3) Donald Trump is found liable for inflating his net worth by billions of dollars.

(4) How tanker tricks on the high seas expose the shadowy trade for Russian oil.

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On today's podcast:

(1) China's property crisis deepens as defaults pile up and Evergrande's former CEO is detained.

(2) The EU's chief trade negotiator says Beijing's failure to condemn Russia is damaging China's investment opportunities.

(3) The CEO's of Goldman Sachs and JPMorgan warn of the impact of higher rates.

(4) The London Stock Exchange CEO Julia Hoggett says UK firms risk their market value by listing in America.

(5) Some investors warn that buyout firms are borrowing at interest rates of as much as 19% and the risk of wider fallout is growing.

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On today's podcast:
(1) The EU's top trade negotiator warns China that it will be 'more assertive'.

(2) Anger grows as Rishi Sunak considers scrapping part of HS2.

(3) A key Republican holdout says he's ready for a short US government shutdown.

(4) Hollywood writers and studios agree a tentative deal to end months of strike action.

(5) Why Europe's unity on sending weapons to Ukraine may be in for another big test.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a trip to the World Aviation festival in Lisbon, a preview of the upcoming Republican Presidential primary debate and the state of China's economy.

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On today's podcast:
(1) Jeremy Hunt tells Bloomberg the West must talk to China over how to regulate AI.

(2) The Bank of England pauses two years of rate hikes as recession risks loom.

(3) Pressure mounts on Ukraine's President as his allies turn up the heat.

(4) American Airlines becomes the latest carrier to find suspect parts on its planes.

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On today's podcast:
(1) Federal Reserve Chair Jerome Powell says renewed US economic strength means borrowing costs must remain higher for longer.

(2) The Bank of England will decide today whether to call a halt to a string of 14 consecutive interest-rate increases.

(3) Zelenskiy sits down for talks with financial heavyweights including Ken Griffin and Bill Ackman.

(4) Tax breaks and low interest rates have made the Swiss financial hub one of Europe's hottest housing markets.

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On today's podcast:
(1) UK Inflation unexpectedly slows to the lowest level in 18 months.

(2) Sadiq Khan tells us Rishi Sunak is 'weaponizing climate change' as the PM considers delaying a ban on combustion engines.

(3) The EU's Ursula von der Leyen tells us China's massive EV subsidies need to be investigated.

(4) The CBI calls off its AGM at the last minute, amid 'cash-flow challenges'.

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On today's podcast:
(1) The EU's Ursula von der Leyen tells Bloomberg China's massive EV subsidies need to be investigated.

(2) Rishi Sunak considers pushing back the 2030 ban on new petrol and diesel cars.

(3) The CBI calls off its AGM at the last minute, amid 'cash-flow challenges'.

(4) Giant' oil find off Namibia's shores could be a game changer, but officials worry.

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On today's podcast:
(1) Chevron CEO Mike Wirth says crude on track to return to $100.

(2) Santander is overhauling its corporate structure in a move that may involve job cuts.

(3) An expected increase in UK inflation is making the Bank of England's decision harder.

(4) Hungary is going all in to become one of the world’s biggest suppliers for EVs.

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On today's podcast

(1) Two-thirds of financial professionals believe a Labour-led government would be the best result for UK stocks and the pound.

(2) Tenants are paying 12% more than a year ago for new rental agreements, the largest rise since Hamptons began publishing its letting index.

(3) United Auto Workers President Shawn Fain said he's unmoved by an offer of a 21% pay raise from Stellantis.

(4) Bankers in Monaco allegedly bent their own rules and ignored red flags to take cash.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including news from the Fed, Bank of Japan and the Bank of England. Plus, the United Nations is set to take over New York City.

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On today's podcast:
(1) A union representing 150,000 US auto workers goes on strike, hitting three of country's biggest carmakers.

(2) Shares in the UK based chip designer Arm have climbed 25% after the year's biggest stock listing.

(3) Apple is facing a controversy in France over the iPhone 12's radiation levels.

(4) Ever-wilder weather swings are forcing a complete redesign of the world's busiest airports.

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On today's podcast:
(1) Goldman Sachs has fired several transaction banking executives over compliance lapses.

(2) Citigroup is preparing for a wave of job cuts as the bank's CEO, Jane Fraser, looks to restructure the Wall Street giant.

(3) The former Prime Minister Theresa May tells us Britain should look for ways to compromise with China.

(4) We take a closer look at the $1.5 trillion Private Credit market and why it's offer a ray of hope to gloomy investment bankers.

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On Today's Podcast
(1) The UK economy shrank at the fastest pace in seven months in July, reviving fears that a recession may be under way.

(2) BP's CEO Bernard Looney has resigned over failing to fully disclose past relationships with colleagues.

(3) Apple has launched a range of upgraded iPhones and raised the price of its top end handset everywhere but the UK.

(4) Doubleline Capital CEO Jeffrey Gundlach fired back at retired 'bond king' Bill Gross, saying he hopes he feels better about himself .

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On today's podcast
(1) BP's CEO Bernard Looney has resigned over failing to fully disclose past relationships with colleagues.

(2) Apple has launched a range of upgraded iPhones and raised the price of top end handset for US consumers by almost 10%, but cut the price in the UK.

(3) Doubleline Capital CEO Jeffrey Gundlach fired back at retired 'bond king' Bill Gross, saying he hopes he feels better about himself .

(4) A deepening rift over the fate of Yemen is endangering peace prospects with risks for the oil-rich Gulf powers that are at the heart of it.

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On today's podcast:
(1) The portion of people out of work and looking for a job in the UK rose to 4.3% in the three months through July.

(2) JP Morgan CEO Jamie Dimon calls for more 'more humility' from regulators as he criticises their capital plans.

(3) Apple gears up for a high-stakes iPhone launch as fears of a China backlash grow.

(4) Bankers prepare to stop taking share orders early for Arm's IPO which is already ten times oversubscribed.

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On today's podcast:
(1) JP Morgan CEO Jamie Dimon calls for more 'more humility' from regulators as he criticises their capital plans.

(2) Apple gears up for a high-stakes iPhone launch as fears of a China backlash grow.

(3) Bankers prepare to stop taking share orders early for Arm's IPO which is already ten times oversubscribed.

(4) Bloomberg learns dangerous crumbling concrete has been found in the Houses of Parliament.

(5) New EU tech rules could become a blueprint for countries looking to regulate some of the world's most powerful companies

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On today's podcast:
(1) President Biden says China's economic challenges make a Taiwan invasion unlikely.

(2) The UK's Prime Minister confronts the Chinese premier over a Parliamentary spying arrest.

(3) Costs for UK tenants expected to soar by a quarter over the next three years.

(4) America's Chief Diplomat urges Elon Musk to keep Starlink online in Ukraine.

(5) In nearly half of the EU countries a far-right or nationalist party is among the three most popular.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at the new iPhone 15, the upcoming ECB rate decision, and China's economic recovery.

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On today's podcast:
(1) The Goldman CEO says media attacks have reduced him to a 'caricature'.

(2) Beijing's growing government iPhone ban sparks fears of a Chinese consumer backlash.

(3) The White House says President Biden has no plans to sit down with the Chinese Premier at the G-20.

(4) European health officials say cases of a highly mutated variant of Covid are rising.

(5) A bogus plane parts supplier may have faked LinkedIn profiles for its employees too.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies.

(2) UK House prices have fallen at their sharpest annual pace since 2009 according to one of Britain's biggest mortgage lenders.

(3) The Labour party is making an increasingly aggressive bid to claim the Conservatives' mantel as the party of business.

(4) Lloyds of London CEO John Neal says insurance is growing at three times its normal rate.

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On today's podcast:
(1) The Labour party is making an increasingly aggressive bid to claim the Conservatives' mantel as the party of business.

(2) The Bank of England's Governor says UK interest rates are near the peak.

(3) US regional banks may need to borrow $63 billion to comply with new capital requirements from regulators.

(4) Apple has suffered its worst stock decline in a month following news that Chinese government agencies have barred staff from using iPhones at work.

(5) Saudi Arabia wants to turn the kingdom into a natural resources hub by mining for metals in the desert.

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On today's podcast:
(1) Former Bank of England rate setter Michael Saunders says interest rates may already have peaked.

(2) Brent crude has topped 90-dollars a barrel for the first time this year on OPEC+ supply cut news.

(3) ARM is aiming for a market value of close to $55 billion, below initial expectations.

(4) Manchester United's shares plunged following reports that the club is no longer for sale.

(5) As higher rates push many UK landlords out of the market, bigger players are eyeing building housing blocks to rent.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) China may never eclipse the US as the world's biggest economy, according to Bloomberg Economics.

(2) Country Garden has averted default on its dollar debt by paying coupons on two bonds within their grace periods.

(3) UK Education Secretary Gillian Keegan says others were "sat on their arse" over crumbling concrete in schools.

(4) Elon Musk is blaming the US Anti-Defamation League for the slump in advertising revenue at his social media platform X.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) Zelenskiy removes his Defense Chief as Ukraine's counteroffensive makes a breakthrough.

(2) The UK's Chancellor says he's confident inflation will drop to 5% this year.

(3) Mercedes unveils an EV with a longer range than any Tesla.

(4) Apple's latest iPhone will come with the same USB charging port as its rivals.

(5) Inequality is rising as those who can't afford to buy property fork out a larger portion of their income on rent.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look back at the August jobs report, the upcoming numbers from the UK and what Japan expects for it's economy.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Beijing is intensifying efforts to stimulate the economy and support the currency, as investor concerns continue to grow.

(2) Former US house speaker Nancy Pelosi says relations between the US and China are being hindered by a lack of shared values.

(3) It's alleged that JPMorgan disclosed more than $1 billion in suspicious transactions linked to Jeffrey Epstein to the US government, after his death.

(4) European aviation regulators say a small London company has been supplying bogus spare parts to fix top-selling jet engines

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UBS smashed banking profit records in the second quarter as a result of its emergency takeover of Credit Suisse.

(2) The Chinese developer Country Garden has warned that it may default on its debt and raised concerns about staying in business.

(3) Sources tell Bloomberg Apple is testing the use of 3D printers to produce the steel cases for some of its upcoming smart watches.

(4) Elon Musk's social media network X is planning to gather more data from users than ever before.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) UBS smashed banking profit records in the second quarter as a result of its emergency takeover of Credit Suisse.

(2) The Chinese developer Country Garden has warned that it may default on its debt and raised concerns about staying in business.

(3) Sources tell Bloomberg Apple is testing the use of 3D printers to produce the steel cases for some of its upcoming smart watches.

(4) Elon Musk's social media network X is planning to gather more data from users than ever before.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Bloomberg Economics warns China's property sector could be heading for a solvency crunch.

(2) The US Commerce Secretary says China is driving away American companies.

(3) UK property sales are forecast to drop to their lowest level in over a decade.

(4) Apple reveals the timing of its biggest product launch this year.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) A Bloomberg survey reveals economists now expect GDP growth in China of 5.1% this year.

(2) Gas prices have surged in Europe as Chevron received notice of impending industrial action in Australia.

(3) Goldman Sachs has struck a deal to sell United Capita, an Investment adviser it had purchased for $750.

(4) Citadel vets 69,000 intern applicants in battle for "truly exceptional" new hires.

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Bloomberg Daybreak Weekend with Nathan Hager takes a look at some of the stories we'll be tracking for you in the coming week including a look ahead to the August jobs report. Plus, a reshuffle awaits the FTSE 100, Japan's economy rolls and Donald Trump's legal strategy

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) One of the ECB's most influential policymakers says it's "much too early" to consider pausing rate hikes.

(2) British and American Intelligence officials say the Russian President is likely to have approved Prigozhin's Assassination.

(3) Toronto-Dominion Bank says it may face penalties as the result of an investigation by US authorities.

(4) Donald Trump becomes the first former US president in history to have a police photo taken.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) Russia says the Wagner mercenary chief Yevgeny Prigozhin has died in a plane crash.

(2) Nvidia stock soars as insatiable AI demand fuels a blowout forecast.

(3) Private US funds have been hit with a raft of new rules from the Securities and Exchange Commission.

(4) And Farage fumes as NatWest debates clawing back Alison Rose's £2.4 million notice period pay.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Goldman clamps down on working from home as data suggests more than one-third of all office desks are unoccupied.
(2) Former gold traders at JPMorgan are sent to prison for market manipulation.
(3) Reports suggest Huawei is building a secret chip manufacturing network.
(4) Nike stock has posted a record streak of losses as China concerns mount.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) CMA Chief Executive Sarah Cardell joins to discuss Microsoft's new submission for its Activision bid
(2) The UK-based tech giant Arm has filed to list its shares on the Nasdaq, in what's set to become the biggest US stock market launch of the year.
(3) S&P has followed Moody's in downgrading and cutting the outlook for a slew of US banks.
(4) It's been reported that Elon Musk told Pentagon officials he had personally spoken with Vladimir Putin in October.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:
(1) The UK-based tech giant Arm has filed to list its shares on the Nasdaq, in what's set to become the biggest US stock market launch of the year.

(2) S&P has followed Moody's in downgrading and cutting the outlook for a slew of US banks.

(3) The CEOs of Britain's biggest companies saw an above-inflation pay rise last year but still earned less than before the pandemic.

(4) It's been reported that Elon Musk told Pentagon officials he had personally spoken with Vladimir Putin in October.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Chinese banks have made a smaller-than-expected cut to their benchmark lending rate.

(2) The Netherlands and Denmark have agreed to send F-16 fighter jets to Ukraine.

(3) UK property sellers have cut asking prices at the sharpest pace since December

(4) Donald Trump says he will skip primary debates against other Republican presidential candidates.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at the Fed's annual meeting in Jackson Hole. Plus, London house prices, China eco data and a preview of the Republican 2024 primary debate.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) China's state-owned developers warn of major losses as fears of contagion grow.

(2) Bank of America strategists say get used to 5% bond yields.

(3) Arm lines up 28 banks for the biggest listing of the year.

(4) A fresh bout of US regulatory scrutiny is setting off a hiring spree at Goldman Sachs.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Fed officials suggest inflationary risks may drive further interest rate hikes.

(2) China's housing slump is much worse the official data shows.

(3) Argentina's leading presidential candidate tells Bloomberg he wants to close the country's central bank.

(4) London's luxury home sellers cut asking prices to keep deals alive.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Higher than expected UK inflation has traders once again betting the Bank of England will hike rates to 6%.

(2) Chinese shadow bank Zhongrong has now missed payments on dozens of products and says it has no immediate plan to cover them.

(3) Figures from the FCA show one in ten British Muslims don't have a bank account. Bloomberg has spoken to a number of customers who've struggled with the system.

(4) Bloomberg has learned that a US funder is bankrolling massive lawsuits against UK universities for closures during the Covid-19 pandemic.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Chinese shadow bank Zhongrong has now missed payments on dozens of products and says it has no immediate plan to cover them.

(2) The philanthropic organization that controls most of the assets in George Soros's $25 billion family office, is set to end the majority of its EU operations.

(3) One in ten British Muslims don't have a bank account. Bloomberg has spoken to a number of customers who've struggled with the system.

(4) Bloomberg has learned that a US funder is bankrolling massive lawsuits against UK universities for closures during the Covid-19 pandemic.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Record UK wage growth drives Bank of England rate bets to around 6%.

(2) China's central bank cuts rates as the country's economic headwinds multiply.

(3) A Georgia Grand Jury indicts Donald Trump for attempting to overturn his election defeat.

(4) A technical issue leaves the Bank of England unable to process high value transactions for 6 hours.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) China's central bank cuts rates as the country's economic headwinds multiply.

(2) US Treasury Secretary Janet Yellen warns China's slowdown will 'spill over' to the US.

(3) A Georgia Grand Jury indicts Donald Trump for attempting to overturn his election defeat.

(4) A technical issue leaves the Bank of England unable to process high value transactions for 6 hours.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) China growth concerns multiply over strains in sectors from property to shadow banking and hedge funds.

(2) Goldman Sachs forecasts a Fed rate cut in the first half of next year.

(3) The strikes in Hollywood are threatening Britain's film industry, leaving thousands of jobs in limbo.

(4) Zuckerberg tells Musk to stop wasting his time with talk of a possible cage fight.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at the retail companies reporting earnings. Plus, inflation in focus in the UK and another possible indictment for former President Donald Trump.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The UK economy delivers its strongest quarterly growth in more than a year.

(2) UBS ends its $10bn Credit Suisse loss protection agreement with the Swiss government.

(3) US inflation data leads the Fed's rate setters to favour another hold.

(4) 35,000 tiny Chinese hedge funds could close under new regulations.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) China's once-top builder turns into a penny stock as Biden calls the country's economy a "ticking time bomb".

(2) 35,000 tiny Chinese hedge funds could close under new regulations.

(3) UBS ends it's $10bn Credit Suisse loss protection agreement with the Swiss government.

(4) US inflation data leads the Fed's rate setters to favour another hold.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Drugs maker Novo Nordisk gets a boost from its breakthrough weight-loss drug Wegovy.

(2) European gas prices jumped on Wednesday as LNG workers in Australia vote to strike.

(3) Disney raises prices for some streaming subscriptions by as much as 27%.

(4) A state of emergency has been declared in Ecuador following the assassination of presidential candidate.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) European gas prices hit a 17-month high as LNG workers in Australia vote to strike.

(2) Disney raises prices for some streaming subscriptions by as much as 27%.

(3) Britain's property market shows more signs of slowing to a crawl.

(4) The chair of troubled Chinese property developer Country Garden sees her net worth drop by $28.6 billion from its peak.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK GDP predicted to stay below pre-pandemic levels until 2024.

(2) Britain's electoral register hit by a cyber-attack, but no one noticed for 15 months.

(3) The Italian government scrambles to clarify the limits for its new bank windfall tax.

(4) Analysis suggests M&A bonus payouts could drop by 25%.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Italy's government agrees a new tax on the "extra profits" of banks.

(2) Moody's downgrades 10 US banks as borrowing costs rise.

(3) UK Politicians hit back at HSBC over 'weak' on China comments.

(4) Tesla's CFO quits after 13 years in the job.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK Politicians hit back at HSBC over 'weak' on China comments.

(2) Moody's downgrades 10 US banks as borrowing costs rise.

(3) Italy's government agrees a new tax on the "extra profits" of banks.

(4) Tesla's CFO quits after 13 years in the job.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) A leading HSBC Executive says the UK is 'weak' for siding with the US against China.

(2) Speaking exclusively to Bloomberg, Israel's Prime Minister says he won't pursue his judicial overhaul in full.

(3) Ukraine's Black Sea drone attacks point to a rapidly expanding war in the region.

(4) Elon Musk says a potential cage fight with Mark Zuckerberg will be streamed on his X platform.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a report on US consumer prices, insurance companies' strategies for dealing with unpredictable weather events, as we wait for earnings from some of the biggies, Alibaba gears up to report quarterly results amid the changing landscape for tech in China, and the connection between unions, strikes and presidential politics.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) iPhone sales slump at Apple as revenue declines yet again.

(2) BOE governor Andrew Bailey says it's 'far too soon' to bet on a rate cut.

(3) Trump pleads not guilty to obstructing the 2020 election.

(4) We speak to one of the designers of the Twitter bird logo after it's replaced by X.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The CEO of energy firm SSE tells Daybreak Europe the UK Government needs to reassure markets on green investments.

(2) The BoE prepares to raise rates with traders split on whether the MPC opts for 25 or 50 basis points.

(3) Two Former US Treasury Secretaries call for action on the country's ballooning debt.

(4) Treasuries become an increasingly ineffective hedge for stocks, as the two move in tandem.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Fitch strips the US of its triple-A credit rating.

(2) Trump is indicted over efforts to overturn the 2020 election.

(3) A special report on how a UK Energy giant legally avoided over £600m to households.

(4) JPMorgan says a record high for the S&P 500 now 'Feels Inevitable'.

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HSBC's CEO Talks Bumper Profits & UK Shop Prices Drop
Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) HSBC plans to buy back up to $2 billion of stock after a Q2 pretax profit of $8.8 billion.

(2) UK shop prices drop for the first time in two years according to the British Retail Consortium.

(3) Nigel Farage says Coutts have offered to let him keep his account.

(4) The UK has dropped its bid to replace Europe's 'CE' quality mark post-Brexit.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The Bank of Japan steps into the bond market, using its new rules to influence rates.

(2) Weak economic data in China fuels hopes for more government intervention.

(3) FX volatility jumps after monetary policy moves, with traders looking ahead to the Bank of England.

(4) Britain's young people face a grim mix of housing costs, poor jobs, and heavy debt.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week, including a look ahead at more big tech earnings, the Bank of England's next move to fight UK inflation, an update on the 2024 Presidential race, and this week's Aviation Day in Hong Kong.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Governor Kazuo Ueda rocks markets with yield curve changes.

(2) Germany exits winter recession, as ECB mulls recession risks.

(3) NatWest reduces profit margin guidance after the bank loses two top executives to political scandal.

(4) Citi tells UK staff their office attendance records will be monitored.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The Bank of Japan tightens monetary policy by loosening its grip on bond yields.

(2) NatWest earnings out today after the bank loses two top executives to political scandal.

(3) ECB President Christine Lagarde mulls recession risks after hiking rates for a ninth time.

(4) Citi tells UK staff their office attendance records will be monitored.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) SCOOP: Jeremy Hunt's economic advisers worry the Bank of England risks hiking too far.

(2) The Fed raises rates to the highest level in 22 years, and no longer forecasts a recession.

(3) BNP Paribas, Barclays, and Shell are among the big names reporting results today.

(4) Britain's Met Office say 40 degree Celsius summers could become the norm by 2060.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Alison Rose exits NatWest after a political storm over the closure of former politician Nigel Farage's account.

(2) Santander, Deutsche Bank and Unicredit report numbers in the first sign of how Europe's banks fared in the second financial quarter.

(3) Microsoft shares slump in after-hours trading after it and Alphabet report earnings that beat expectations.

(4) Climate scientists worried after ice melt data crossed the six standard deviation mark from average levels.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UBS agrees to pay $387 million in fines for Credit Suisse's past misconduct.

(2) Chinese shares soar on signals of more support from Beijing.

(3) Greece continues to encourage tourists despite worst blazes in 20 years.

(4) A new study shows London's highest earners have seen the largest percentage increase in pay compared to all other groups since the pandemic.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Surprise Spanish election result leaves no clear path to a new government.

(2) Bank earnings season starts as central banks gear up for rate meetings.

(3) Greece evacuates 19,000 people from Rhodes as record heatwave continues to sweep southern Europe.

(4) Elon Musk announces Twitter rebrand to the letter 'X'

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the FOMC meeting, decision day for the Bank of Japan, an unusual story unfolding in the UK banking industry and what to expect on Hunter Biden.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Rishi Sunak suffers a double by-election blow but avoids a wipe out.

(2) The CEO of NatWest says sorry to Farage over the closure of his Coutts account.

(3) The Nasdaq 100 gets set for an out-of-cycle re-balance.

(4) UK consumer confidence falls for the first time in six months.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Nigel Farage speaks to us about Coutts bank's decision to close his accounts.

(2) Tesla doubles down on its price reduction strategy.

(3) Profits tumble at Goldman Sachs as pressure on the CEO grows.

(4) Apple is working on artificial intelligence tools that could challenge those of OpenAI and others.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Britain's inflation rate slowed more than expected in June.

(2) Tata picks Britain for it's new battery plant, we have exclusive reporting on what it means for the UK.

(3) Wall Street sees a glimmer of hope for an Investment-Banking revival.

(4) The hunt for talent means a 30% salary hike for new bank hires in Hong Kong.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Tata picks Britain for it's new battery plant, we have exclusive reporting on what it means for the UK.

(2) Today's UK Inflation data could drive the BOE to opt for a half point hike.

(3) Wall Street sees a glimmer of hope for an Investment-Banking revival.

(4) The hunt for talent means a 30% salary hike for new bank hires in Hong Kong

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Grocery Prices drop for the first time in three years as the UK braces for crunch inflation data.

(2) Sunak tries to rebuild the Conservatives corporate credentials with a business council of top bosses

(3) Goldman says an inverted US yield curve doesn't mean a recession is coming this time.

(4) Microsoft and Activision close to doing their $69 billion deal but not before today's deadline.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) China's economy grows more slowly than expected as calls for stimulus grow.

(2) Kemi Badenoch admits to the very low chance of a UK-US trade deal.

(3) Vanguard's global expansion has struggled to gain traction.

(4) UK home sellers cut asking prices as rising mortgage costs put off buyers.

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Bloomberg Daybreak Weekend with Amy Morris takes a look at some of the stories we'll be tracking for you in the coming week including the fresh flood of bank earnings we're waiting for, plus the latest inflation print coming out of Japan, what Senate Democrats want to do to rein in potential excesses at the Supreme Court and the closely-watched elections in Spain.

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Your morning briefing, the business news you need in just 15 minutes.

]On today's podcast:
(1) China moves to court private business as the central bank signals no big stimulus is coming.

(2) Federal Reserve governor Christopher Waller calls for two more hikes, as James Bullard resigns.

(3) Prime Minister Rishi Sunak signs off on public sector pay rises in a bid to end union walkouts.

(4) Hollywood stars and writers both go on strike for the first time in six decades.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Bloomberg investigates Jeffrey Epstein's relationship with the former Barclays CEO Jes Staley.

(2) US Inflation cools to 3%, but Fed officials are still expected to hike this month.

(3) UK property buyers pull back from the market as mortgage rates top 6%.

(4) Research suggests remote work could wiping $800 billion off the value of office buildings.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The Bank of England says higher rates are squeezing the UK economy but the financial system remains resilient.

(2) Report says the average UK household will be £2,300 worse off by the time inflation eases next May.

(3) US inflation data out today is likely to be pivotal for the next FOMC rate decision.

(4) Microsoft clears another hurdle in its bid to buy Activision as regulators regroup.

(5) High end home buyers become increasingly nervous about London's prime property market.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Report says the average UK household will be £2,300 worse off by the time inflation eases next May.

(2) NATO agreed plans for expansion and more arms for Ukraine in the face of Russian aggression.

(3) US inflation data out today is likely to be pivotal for the next FOMC rate decision.

(4) Microsoft clears another hurdle in its bid to buy Activision as regulators regroup.

(5) High end home buyers become increasingly nervous about London's prime property market.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Wages rise by 7.3%, adding to the pressure on the BoE.

(2) UK pension funds agree to pump billions into British startups.

(3) Turkey agrees to back Sweden's bid to join NATO.

(4) The Nasdaq plans to re-balance the index away from megacap tech.

(5) London bank bonuses plunged across the board in 2022's deal drought.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK pension funds agree to pump billions into British startups.

(2) The BOE's Bailey says Inflation rate is likely to drop "markedly" this year.

(3) Turkey agrees to back Sweden's bid to join NATO.

(4) Nasdaq plans to rebalance index away from an 'overconcentration' in megacap tech.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Biden jets into London for talks with Sunak ahead of a crunch NATO meeting.

(2) A cooling UK jobs market offers good news for the BOE and bad news for the economy.

(3) Yellen heads home from China after talks on the two countries' tense rivalry.

(4) The BBC suspends a leading presenter over allegations they paid for sexual photos.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including bank earnings, US relations with NATO countries, the UK economy, and why we are watching China's economic data so closely right now.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US Treasury yields soar after stronger labor market data pushes US rates bets higher.

(2) UBS's global wealth chief Iqbal Khan goes hunting for new assets as Swiss banking giant looks beyond the Credit Suisse takeover.

(3) Bloomberg understand the UK government plans to roll back an EU ban on free investment research for clients.

(4) Sweden and Turkey hold more talks on Sweden's path to join NATO, ahead of a major summit in Vilnius on Monday.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Fed minutes reveal disagreement over the decision to pause in June.

(2) The US Treasury Secretary, Janet Yellen, visits Beijing as tech tensions grow.

(3) The FCA says asset managers are not adequately monitoring their funds' liquidity.

(4) JP Morgan warns of a 7% UK base rate as house prices fall.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Bloomberg Intelligence has crunched the numbers on why the share prices of European banks lag their Wall Street rivals.

(2) China's Xi calls for open supply chains after curbing the exports of key metals.

(3) The UK's Financial Watchdog sets out plans for a single UK price feed for bond trades.

(4) global temperatures hit an all time record on Monday in a blow for the battle against climate change.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Morgan Stanley tells Bill Dudley he's wrong about the bond market as the yield curve inverts further.

(2) Bank of America and Citigroup challenge the Feds projection for their future income.

(3) The BoE's new policy maker says rates may need to remain permanently elevated.

(4) Instagram gets set to launch its Twitter rival Threads app later this week.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Reports from the Financial Times suggest Apple is slashing production forecasts for its mixed-reality headset.

(2) Tesla sets a delivery record as Musk's price cut strategy pays off.

(3) France deploys 45,000 police officers for a third night as Macron pushes to end riots and looting.

(4) Yellen gets set to travel to Beijing as the world's largest economies look to rebuild relations.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the coming jobs report, big annual economic in the south of France, closely-watched AI conference in Shanghai, and a look at what Fed officials are really thinking.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) China's growth momentum continues to slow as stimulus announcements fall flat.

(2) The US is reportedly looking to force ASML to ship fewer chip machines to China.

(3) UK Business confidence hits a 13 month high as firms shrug of rate rises.

(4) Goldman loses its status as the world's top M&A adviser for the first time in 5 years.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Pension funds attack plans to loosen London's listing rules as TheCityUK gets set for its annual conference.

(2) OpenAI picks London for its first corporate office outside the US.

(3) Central bankers give markets a reality check with calls for more rate hikes.

(4) The Qatar group becomes increasingly confident of winning the race to buy Manchester United.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UBS is planning to cut more than half of Credit Suisse's 45,000-strong workforce.

(2) Investment banking revenue tumbles at Jefferies as mergers and acquisitions dry up.

(3) Reports suggest the US is preparing to limit the sale of AI chips to China.

(4) Price cuts point to the start of a downturn in the UK property market.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Bloomberg Economics says higher rates will push UK into recession by the end of the year

(2) Putin labels Wagner mercenary commanders 'traitors' as Prigozhin denies coup attempt.

(3) Odey Asset Management has suspended two more funds, including its flagship hedge fund.

(4) A decline in UK shop price inflation offers a glimmer of hope for the Bank of England.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Putin labels Wagner mercenary commanders 'traitors' as Prigozhin denies coup attempt.

(2) Central bankers head into the Portuguese mountains as rates near their peak.

(3) Odey Asset Management suspended its flagship hedge fund on surging redemption requests.

(4) A decline in UK shop price inflation offers a glimmer of hope for the Bank of England.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Questions grow over the Russian leader's grip on power as an almost-coup is averted.

(2) Sunak backs the Bank of England's decision to raise rates as Labour's poll lead grows.

(3) Beijing's modest economic support leaves investors disheartened.

(4) Reports suggest HSBC will move its London HQ from Canary Wharf to BT's former office in the Square Mile.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at big bank stress tests, a trip to Sintra, the Chinese economy and the 2024 Presidential race.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Andrew Bailey says profit margins need to fall and pay rises need to be curbed after the Bank of England hiked by 50 basis points.

(2) The Federal Reserve's Powell says Wall Street giants could face a 20% jump in capital requirements.

(3) US Treasury Secretary Janet Yellen tells Bloomberg that recession risks are receding.

(4) US Coast guard reveals the five-man Titanic sub crew died after a catastrophic implosion.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The Bank Of England gets set for a 13th consecutive rate rise.

(2) The Fed's Powell indicates that two more hikes are likely this year.

(3) An ex-Goldman banker is convicted of passing insider tips to a friend.

(4) With less than 10 hours of air remaining, the search for the Titanic sub continues.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK inflation came in hotter than expected in May, with traders now pricing in a peak of 6% in Bank of England rates.

(2) Biden says Xi was like a dictator kept in the dark about the alleged Chinese spy balloon.

(3) The head of the New York Fed says company directors need to ensure management are doing their jobs.

(4) With less than 30 hours of air remaining, noises have been detected in the search for the missing Titanic submersible.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Pressure grows on the Bank of England ahead of today's inflation print.

(2) Biden says Xi was like a dictator kept in the dark about the alleged Chinese spy balloon.

(3) The head of the New York Fed says company directors need to ensure management are doing their jobs.

(4) With less than 30 hours of air remaining, noises have been detected in the search for the missing Titanic submersible.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) A 6% Bank of England policy rate would lead to a 2% drop in UK GDP, according to Bloomberg Economics.

(2) An ECB policymaker says rate hikes could end this year.

(3) Research by the Institute for Public Policy Research suggests the UK is suffering from a £560 billion investment gap.

(4) The US and China agree to keep talking after Blinken's trip to Beijing.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Blinken becomes the most senior US official to visit China in five years.

(2) The FCA is said to restrict Odey Asset Management transactions.

(3) The UK government comes under pressure over rising rates.

(4) The UBS CEO hints of a "massive downsizing" of Credit Suisse's investment banking business.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including Fed Chair Jay Powell heads to Capitol Hill, plus, key hearings coming on Fed nominees, decision day coming for the Bank of England, and India's Prime Minister heads to Washington while Russia is front and center.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The UK's Deputy Prime Minister tells us the government won't be distracted by Johnson.

(2) The European Central Bank Hikes again as Lagarde says more work is needed.

(3) Deutsche Bank warns trading revenue could be down by as much as 20% this quarter.

(4) Henry Kissinger says China and the US are on a path towards conflict over Taiwan.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) China's central bank ramps up rate cuts as the economy weakens.

(2) Jerome Powell says there is near consensus on the need for 'some' further Fed hikes.

(3) Citigroup's CFO warns job losses will cost the bank $400 million.

(4) And WE Soda scraps it's London IPO, citing "extreme investor caution".

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK GDP finally exceeds pre pandemic levels for the first time

(2) The BOE Governor laments slowly cooling inflation and labor hording.

(3) The Fed prepares for a pause, but have rates also peaked?

(4) Trump argues he had the right to take classified documents.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The Fed prepares for a pause, but have rates also peaked.

(2) The Bank of England Governor laments slowly cooling inflation and labor hoarding.

(3) Trump argues he had the right to take classified documents.

(4) Report finds a 'startling' lack of female CEOs in UK retail.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Unemployment unexpectedly drops as wages surge, creating another headache for the BOE.

(2) Silicon Valley Bank UK has been rebranded as HSBC Innovation Banking; we hear from the CEO.

(3) The boss of Barclays tells us an exodus of top bankers was driven by a decision to refocus the business.

(4) Goldman Sachs International CEO tells Bloomberg the bank is ending its relationship with Odey Asset Management.

(5) ARM looks to Intel as an anchor investor for its US IPO.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The boss of Barclays tells us an exodus of top bankers was driven by a decision to refocus the business.

(2) Goldman Sachs International CEO tells Bloomberg the bank is ending its relationship with Odey Asset Management.

(3) Citi warns traders are underestimating how much US inflation will drop ahead of today's CPI print.

(4) ARM looks to Intel as an anchor investor for its US IPO.

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Some of the world's biggest companies are highlighting the deteriorating investment climate in the UK.

An investigation by the Bloomberg has found business leaders believe the government has failed to meet the twin challenges of Brexit and the foreign subsidies arms race.

Martha Lane Fox, President of the British Chambers of Commerce, tells Bloomberg Radio's Caroline Hepker the UK is in the midst of a "people's crisis". Wary of talking ourselves "into a dark spot", she says businesses are holding their breath, waiting for more certainty and clarity.

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Some of the world's biggest companies are highlighting the deteriorating investment climate in the UK.

An investigation by the Bloomberg has found business leaders believe the government has failed to meet the twin challenges of Brexit and the foreign subsidies arms race.

Archie Norman, Chairman of Marks & Spencer, speaks to Bloomberg Radio's Caroline Hepker about the relationship between business and government post-Brexit. He says the UK government needs a profound industrial strategy to help the country compete on the world stage.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Business leaders tells us the government has failed to meet the twin challenges of Brexit and the foreign subsidies arms race.

(2) 167 years of independence come to an end -- UBS finalizes it takeover of troubled rival Credit Suisse.

(3) Odey Asset Management removes its founder following fresh assault allegations.

(4) Boris Johnson quits parliament and the former Scottish First Minister Nicola Sturgeon is arrested.

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Former London Stock Exchange CEO Xavier Rolet tells Bloomberg’s Caroline Hepker that now is the time for thoughtful, radical reform. He wants the UK and Europe to prioritise equity to help fund businesses, rather than favouring bank lending.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including decisions from the Federal Reserve and the Bank of Japan, plus Treasury Secretary Janet Yellen heads to Capitol Hill, and, why tech is going to be in focus in Europe in the coming days.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The world's biggest banks pull back from hedge fund manager Crispin Odey.

(2) Donald Trump is charged over his refusal to return classified documents.

(3) Sunak secures Biden's backing on AI and agreements for closer economic cooperation.

(4) Citi dismantles its foreign-exchange strategy team.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Prime Minister engages in Baseball Diplomacy on US trip.

(2) Ray Dalio warns that the US is at the start of a debt crisis.

(3) The UK's financial watchdog tightens crypto marketing rules.

(4) Kim Kardashian draws a crowd with her private equity pitch.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK PM Rishi Sunak heads to the Washington for talks with President Biden.

(2) Ukraine's Economy Minister tells Bloomberg Russia is to blame for destroying a key dam.

(3) The SEC accuses Coinbase of running an illegal exchange.

(4) PGA agrees to merge with LIV, creating a global golf superpower.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Apple launches a three and a half thousand dollar mixed reality headset.

(2) The SEC accuses Binance of being "engaged in an extensive web of deception".

(3) Russia and Ukraine engage in fierce front line fighting.

(4) Tech firms warn the UK is losing its business allure.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Oil surges as Saudi Arabia goes it alone with a one million barrel supply cut.

(2) Reports from the WSJ suggest the US could raise capital requirements by 20% for large lenders.

(3) The UK widens its lead as Europe's favored destination for FDI in the financial sector.

(4) Morgan Stanley warns a 16% drop in US profits will kill the American equity rally.

(5) Workers tell Bloomberg that ending hybrid working is a deal breaker.

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June is Pride Month, dedicated to celebrating LGBT+ communities. To mark this, Daybreak Europe brought together four people in the early stages of their careers in finance, law and engineering. They spoke to Stephen Carroll about how they navigate their identity at work and why inclusive leadership matters.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week, including a preview of Apple's WWDC, UK Prime Minister Rishi Sunak's trip to Washington, Japan's latest GDP and some new entries into the 2024 Presidential race.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Congress passes a deal on the debt ceiling, ending the risk of a default.

(2) Goldman flags a 25% drop in trading revenue as job cuts loom.

(3) JP Morgan CEO Jamie Dimon heads to Taiwan after a high-profile trip to China.

(4) Former Labour Leader Neil Kinnock tells us Starmer won't need a coalition.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) US House of Representatives avoids theatrics and passes the debt limit bill.

(2) Fed officials call not for a pause, but for a skip on the next interest rate hike despite a surge in job openings.

(3) The former Bank of England rate setter Michael Saunders tells us the worst is yet to come for the UK economy.

(4) As Pride month begins, we speak to City workers about navigating their LGBT+ identities in the office.

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Jamie Dimon is in Shanghai for JPMorgan's China summit. It's the first time the bank's flagship event is being held in person since 2019. Bloomberg News sat down for a wide-ranging, exclusive interview with the JPMorgan CEO. Here is his interview with Bloomberg's Stephen Engle.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Jamie Dimon tells us the US will trade less with China, but still needs a relationship.

(2) The US debt ceiling bill clears first Congressional hurdle ahead of a vote today.

(3) UK business confidence falls for the first time in three months

(4) Nvidia touches a 1 trillion dollar market cap after beating rivals to the AI boom.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Joe Biden and Kevin McCarthy lobby lawmakers to pass their debt ceiling deal

(2) Britain's shops see yet another inflation record

(3) Spain's Prime Minister Pedro Sanchez calls an early election after heavy regional losses.

(4) Elon Musk is expected to visit China this week for the first time in three years.

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Klarna was once Europe’s most valuable startup. It offers buy now, pay later credit for about 150 million shoppers globally looking to spread the cost of online purchases. The company has targeted expansion in the US after raising $800 million last year. That process saw its valuation slashed to $6.7 billion from about $45.6 billion as inflation and higher rates pressured its business model. CEO Sebastian Siemiatkowski joined Bloomberg's Caroline Hepker, Tom Mackenzie and Leigh-Ann Gerrans to discuss everything from the investment landscape to how AI is changing the business.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week, including a preview of the US May Jobs Report, a look inside to the Treasury Department's Payment Structure as Congress continues their debt ceiling standoff, what China's PMIs is telling us about China's economic recovery, and why ECB bankers are looking forward to the upcoming inflation data.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The Chancellor says he's in favour of higher rates even if it causes a recession.

(2) A US debt deal begins to take shape as the Treasury gets down to its last $50bn.

(3) Asset managers attack a plan to force pensions into a UK growth fund.

(4) Cathie Woods's flagship ARKK Fund sold Nvidia stake just before the stock surged.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Fitch considers cutting America's AAA rating as a debt default looms.

(2) UK borrowing costs soar, leaving Sunak and Bailey with little room for manoeuvre.

(3) Fed officials lean towards skipping a June rate hike.

(4) Nvidia shares skyrocket on AI processor forecast.

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Chancellor-In-Waiting Rachel Reeves On Her Plan For A More Activist State

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Labour Shadow Chancellor Rachel Reeves pitches a supply-side intervention.
(2) A US debt deal remains elusive with the two sides in a standoff.
(3) The Bundesbank President says 'several' more ECB hikes will be needed.
(4) LVMH stock rout wipes $11 billion off Bernard Arnault's fortune.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Jamie Dimon warns rates could hit 7% as Fed hawks say more hikes are needed
(2) Biden and McCarthy say a default is off the table, but fail to agree a deal
(3) JPMorgan expects investment banking and market revenue to drop by 15%.
(4) Carl Icahn speaks to Bloomberg after a Hindenburg Research report leaves him $15 Billion poorer.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) China bans Micron semiconductors as their chips battle with the US heats up.
(2) US debt ceiling talks restart ahead of a Biden-McCarthy sit down.
(3) The Fed's Kashkari says he's open to a temporary rate pause.
(4) Property sellers up prices, but is anyone buying?

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Thursday the 18th of May was Global Accessibility Awareness Day. Caroline Casey is a disability activist and founder of the Valuable 500 who works with businesses from Apple to BAE Systems. She spoke to Caroline Hepker and Lizzy Burden about the issues of access and inclusion in the workplace.

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Bloomberg Daybreak Weekend with John Tucker takes a look at some of the stories we'll be tracking for you in the next week including the coming Fed minutes, the official launch of Florida governor Ron DeSantis' campaign for the GOP presidential nomination, here comes Bloomberg's Qatar Economic Forum, and why we should be watching China's EV market very closely right now.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:
(1) The UK unveils its long-trailed semiconductor strategy.
(2) Congressional leaders signal that they're close to a deal on the debt ceiling.
(3) Man Group's new CEO speaks exclusively to Bloomberg, the first female leader in the firm's 240-year history.
(4) The banking crisis bonus no one wanted. Regulators put remunerations back in their cross hairs.

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Rishi Sunak says he's fully aligned with the US as the UK considers China investment curbs.
(2) Biden and McCarthy voice cautious optimism on a debt deal
(3) Deutsche Bank agrees to settle with Epstein victims for 75 million dollars
(4) Meta faces a record EU privacy fine of more than 800 million dollars

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) The City's Lord Mayor tells us the UK needs to get off the back foot
(2) Wall Street's biggest banks face a harsh reality check in China
(3) Biden and McCarthy voice cautious optimism on a debt deal
(4) UBS gets a $35 billion paper profit gain from it's Credit Suisse takeover

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) Wall Street's biggest banks face a harsh reality check in China
(2) Biden and McCarthy voice cautious optimism on a debt deal
(3) UBS gets a $35 billion profit gain on paper from its Credit Suisse takeover
(4) MPs call for trading in digital currencies to be regulated like gambling.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) China's recovery worries mount as data disappoints.
(2) UK wage rises set to keep the Bank of England on edge.
(3) The Fed's Bostic tells Bloomberg Radio there's still a ways to go on inflation.
(4) One in five Brits to start paying the 40% rate by 2027.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:
(1) Erdogan looks unlikely to have secured an outright victory in Turkey's presidential election.
(2) Biden and McCarthy will to resume debt ceiling talks tomorrow as default looms.(3) The UK gets set for trade talks with Switzerland to boost service industries.
(4) Australian bullion giants seal a $19bn tie up to dominate the global gold mining industry.

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Jamie Dimon joins Bloomberg News to discuss the debt ceiling, the regional banking crisis and the US economy. The CEO of JPMorgan Chase speaks with Bloomberg's Francine Lacqua from the bank's Global Markets Conference in Paris.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you next week including a preview of this week's retail earnings, China's eco data and the British chambers of commerce.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) US Treasury Secretary Janet Yellen speaks exclusively to Bloomberg.

(2) BOE's Bailey tells Bloomberg he believes the bank is close to a pause.

(3) JP Morgan CEO, Jamie Dimon says lenders should expect more regulation.

(4) Societe Generale's CEO reveals he believes rates are impacting the economy.

(5) Elon Musk to step down as the CEO of Twitter to become CTO.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) BOE's Bailey tells Bloomberg he believes the bank is close to a pause.

(2) JP Morgan CEO, Jamie Dimon says lenders should expect more regulation.

(3) Biden and McCarthy delay meeting as aides negotiate over the debt ceiling.

(4) Elon Musk to step down as the CEO of Twitter to become CTO and Executive Chair.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Bundesbank President Joachim Nagel tells Bloomberg a September ECB hike is not off the table.

(2) Surging inflation set to force the Bank of England into a 12th straight rate rise.

(3) President Biden and Janet Yellen warn of a global catastrophe if America defaults.

(4) Cooling US inflation adds to the case for the Fed to stop hiking

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Surging inflation set to force the Bank of England into a 12th straight rate rise.

(2) Cooling US inflation adds to the case for the Fed to stop hiking.

(3) President Biden warns the whole world is in trouble if America defaults.

(4) Disney reports a drop in streaming subscriptions.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Soaring salaries cause a major headache for the Bank of England.

(2) Tony Blair tells Bloomberg the City risks losing its status as a high flyer.

(3) Biden and McCarthy dash hopes of a deal as the debt ceiling looms ever larger.

(4) A jury finds Donald Trump sexually abused and defamed a columnist, awarding her $5m in damages.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UBS announces a new leadership team and operating model.

(2) Investors believe the UK will see the G7's biggest drop in living standards.

(3) Mitch McConnell talks debt limit deadlock as Bill Gross urges investors to buy T-Bills.

(4) Goldman to pay $215 million to settle claims it underpaid women.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you next week including the coming US inflation data, what the Bank of England will do next, President Biden and the debt-ceiling showdown, and how AI is sweeping through Asia.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Too big to fail but not too big to pay, the FDIC gets set to tap large lenders for a top up.

(2) US regional banks shares continue to plunge as concerns grow.

(3) Early local election results hit the Conservatives, but fail to deliver a knockout blow.

(4) Citi say they're pressing ahead with Northern Ireland growth plans despite political deadlock. We have a special report.

(5) Chancellor's economic advisers, Anna Valero, tells Bloomberg radio it will take more than just tax cuts to create growth.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) US lender PacWest confirms Bloomberg's reporting that it's discussing options, including a possible sale.

(2) Powell hints rates have peaked as the Federal Reserve hikes by a quarter point.

(3) The ECB gets ready to reveal its latest rates decision.

(4) Vodafone and CK Hutchison are reported to be close to agreeing a £15bn tie-up.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Smaller US lenders see values tumble as volatility halts trading.

(2) Morgan Stanley and UBS say bonds are the safe bet right now.

(3) BNP's fixed-income traders perform strongly in a challenging quarter.

(4) A report by short seller Hindenburg leads to a $10 Billion drop in Carl Icahn's net worth.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) HSBC announces a $2bn share buyback, special dividend and a tripling of pre-tax profits.

(2) Morgan Stanley prepares for thousands of job losses amid a slump in deal making.

(3) Janet Yellen warns the US Treasury may out of cash as soon as next month.

(4) Samsung bans employees from using AI tools like Chat GPT after staff uploaded sensitive data to the platform.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including a preview of the Fed decision, a look at the coronation in the UK and election creep in the US is real.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The BOJ's new governor scraps forward guidance on rates and plans a review of monetary policy.

(2) Amazon jolts investors with talk of a slowdown in cloud computing growth.

(3) Activision's CEO calls the UK's decision to block Microsoft's $69 billion takeover, "irrational".

(4) Nearly two thirds of companies say they plan to raise prices in a headache for the BOE.

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In this bonus episode, Barclays CEO CS Venkatakrishnan speaks to Bloomberg Editor-At-Large Francine Lacqua in an exclusive interview to mark his first earnings at the lender since he returned to the bank from cancer treatment

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) First Republic's shares hit an all-time low as authorities debate its future.

(2) Deutsche Bank CFO Von Moltke on the bank's latest results.

(3) Meta returns to growth after three straight quarters of declines.

(4) The CBI could be renamed as new head promises root and branch reform.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) First Republic considers a $100 Billion asset sale as its share price tumbles.

(2) Standard Chartered's first quarter earnings beat expectations, as the bank posts an upbeat outlook.

(3) Alphabet spells out its response to Chat GPT as Microsoft steals a march on its rival.

(4) Bloomberg identifies the 25 financial titans who've ascended in the past decade.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UBS CEO Sergio Ermotti tells Bloomberg he is happy the bank is seen as a "safe haven".

(2) First Republic shares plunge after depositors take flight.

(3) Job seeker numbers soar in the City of London as vacancies slump.

(4) Fox News ditches star host Tucker Carlson a week after its Dominion settlement.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Credit Suisse's latest results show massive outflows in the first quarter.

(2) Sunak to hold talks with top finance and business leaders as the CBI's reputation lies in tatters.

(3) Inflammatory comments from the Chinese Ambassador to France create a headache for Macron's Ukraine diplomacy.

(4) British home sellers become more cautious about asking for more money.

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In this special podcast, we bring you some of our best interviews from this week’s inaugural Bloomberg New Economy Gateway Europe event in Ireland. Stephen Carroll speaks to Ireland’s Data Protection Commissioner Helen Dixon, investor Elaine Coughlan from Atlantic Bridge, EU trade official Denis Redonnet and AstraZeneca executive Pam Cheng.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including tech earnings, the debt ceiling debate, European bank earnings and tourism in Japan.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) US President gets set to unveil China investment curbs for American businesses.
(2) Fed Policymakers signal the need for at least one more hike.
(3) The Irish Finance Minister tells Bloomberg Radio America's massive green subsidies may be pulling investment away from Europe.
(4) Musk's SpaceX blows up its starship rocket after a post launch engine mishap.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Tesla protects its EV lead and vows to continue cutting prices.

(2) The clash between HSBC and its biggest shareholder heads for a showdown.

(3) Wall Street's biggest lenders brush off a bruising quarter for the some of their smaller rivals.

(4) Eurogroup President Paschal Donohoe tells Bloomberg the EU must engage with China.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK Inflation sticks above 10%, lifting the prospect of more hikes.

(2) Fox to pay $787.5 Million to settle dominion defamation case.

(3) Goldman traders miss out on Wall Street's fixed-income boom.

(4) Netflix missed estimates, adding only 1.75m new customers.

(5) The ECB's Chief Economist tells Bloomberg that he expects another hike in May.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Fox to pay $787.5 Million to settle dominion defamation case.

(2) Goldman traders miss out on Wall Street's fixed-income boom.

(3) Netflix missed estimates, adding only 1.75m new customers.

(4) The ECB's Chief Economist tells Bloomberg that he expects another hike in May.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK Wage Growth leaves the BOE with an inflationary headache.

(2) China's economy bounces back as consumers splash the cash.

(3) Deposit outflows top $60bn at key US lenders as customers hunt for better returns.

(4) Apple teams up with Goldman to offer market-leading savings rates.

(5) Blackrock advises investors to ditch the 60/40 portfolio to navigate higher interest rates.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) China's economy bounces back as consumers splash the cash.

(2) Deposit outflows top $60bn at key US lenders as customers hunt for better return.

(3) Apple teams up with Goldman to offer market-leading savings rates.

(4) Blackrock advises investors to ditch the 60/40 portfolio to navigate higher interest rates.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) UK Inflation set to dip below 10% as peak rates loom.

(2) Prometheus is snapped up by Merck for $10.8bn.

(3) Barclays reportedly cuts more than 100 investment banking jobs.

(4) Traders tell school leavers to look to tech rather than finance.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including an expected fresh flood of bank earnings, the UK economy, lawmakers return to Capitol Hill amid some fireworks, and Tesla’s coming earnings and its challenges in China.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The BoE's Chief Economist says the UK may see a 'positive demand shock' from its tight labour market.

(2) A chorus of the ECB policymakers call for more hikes.

(3) The US is left red-faced after a 21 year-old arrested over the biggest US intel leak in a decade.

(4) LVMH becomes one of the world's most valuable firms as Arnault leaves Musk in the dust.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) The Chancellor tells Bloomberg the UK will beat the IMF's growth forecast.

(2) Fed officials lean towards another hike as inflation edges down.

(3) UK home sales expected to pick up, for the first time in a year.

(4) JPMorgan tells its Managing Directors they need to be in the office five days a week.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) The IMF and Yellen at odds on the impact of the banking crisis.

(2) Goldman's Flood says stocks will surge if US CPI comes in at or below consensus.

(3) Biden lands in Belfast to mark 25 years of the Good Friday Agreement.

(4) Elon Musk turns Twitter into X Corp.

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) The IMF says rates will eventually revert to ultra low levels.

(2) Bank of America's Hartnett urges clients to sell shares amid peak rates.

(3) Biden heads to Belfast to mark the 25th anniversary of the Good Friday Agreement.

(4) Billionaire Winklevoss twins support their Gemini crypto exchange with a $100 million loan.

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Bloomberg Daybreak Weekend with John Tucker takes a look at some of the stories we'll be tracking for you in the coming week including the coming reports on inflation and also the Fed minutes, which European stocks deserve a close look right now, China's ambitious solar industry, and here come the annual IMF and World Bank meetings.

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

1) Emmanuel Macron and Ursula von der Leyen meet China's Xi Jinping in potential rapprochement.

2) Cleveland Fed's Loretta Mester disagrees with Wall Street bets on where the central bank goes next, saying rates need to go "a bit" higher.

3) The Swiss government orders outstanding bonuses of top Credit Suisse executives to be cut or cancelled.

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

1) Donald Trump pleads not guilty as historic trial begins.

2) Sergio Ermotti returns as UBS CEO on AGM day with questions swirling over the creation of a new Swiss giant.

3) LMVH's Bernard Arnault's fortune tops $200 billion.

4) The UK's largest business lobby, the CBI, pulls events in wake of harassment allegations

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Credit Suisse faces shareholders for its last AGM, its regulator now says it would have gone bankrupt

(2) Donald Trump heads to court to face historic criminal charges.

(3) The architect of the City of London's 'Big Bang', former Chancellor, Nigel Lawson dies.

(4) The Confederation of British Industry faces growing claims of sexual misconduct.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The world's oil cartel OPEC+ makes a shock production cut of more than 1 million barrels a day.

(2) Reports say UBS is set to cut up to 30% of its workforce after absorbing Credit Suisse.

(3) Donald Trump prepares to face criminal charges in a Manhattan court.

(4) Luxury London homebuyers want discounts, but sellers won’t budge on prices.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including the March jobs report, President Biden's trip to Ireland, the changing of the guard at the Bank of Japan and the indictment of Donald Trump.

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Your morning briefing. The business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump has been indicted on charges related to a hush money payment to a porn star during his 2016 campaign.

(2) Banks suck up less cash from the Fed's emergency backstop funds.

(3) The UK is set join a trade pact with 11 Asia and Pacific nations, but it will only boost GDP by 0.08%.

(4) Branson's Virgin Orbit satellite-launch business is permanently grounded.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) US considers forcing large lenders to pay billion of dollars to cover the cost of recent bank failures.

(2) Barclays predicts a second wave of deposits will be pulled from banks.

(3) The UK unveils new energy plans, but offers few carrots to compete with the US.

(4) New York shares the top spot with London as the world's leading financial hub.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) UBS rehires Sergio Ermotti as CEO to oversee the Credit Suisse takeover.

(2) US Financial officials outline plans for a raft of regulatory changes.

(3) Markets are probing banks for weakness according to the BOE's Bailey.

(4) Regulators believe a €5m Deutsche Bank trade triggered Friday's global rout.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) US Financial officials outline plans for a raft of regulatory changes.

(2) Markets are probing banks for weakness according to the BOE's Bailey.

(3) Regulators believe a €5m Deutsche Bank trade triggered Friday's global rout.

(4) UBS has named Sergio Ermotti as its new CEO, replacing Ralph Hamers.

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Bailey suggests the BOE won't lift rates to pre 2008 levels.

(2) UK and US lawmakers begin a review of what led to Silicon Valley Bank's collapse.

(3) Israel's Netanyahu announces he's delaying a judicial overhaul to avoid 'civil war'.

(4) US regulator accuses Binance and its CEO of 'sham' compliance.

(5) All eight of the UK's three-star Michelin restaurants retain their top tier status.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) The Chairman of Saudi National Bank resigns after comments to Bloomberg triggered the collapse of Credit Suisse.

(2) Silicon Valley Bank's deposits and loans are sold to First Citizens.

(3) LME Nickel returns to regular trading for the first time in more than a year.

(4) Thousands protest in Israel after Benjamin Netanyahu fired his defense chief.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including economic data on US inflation and economic growth, why inflation will also be back in focus in Europe, coming hearings on Capitol Hill about the banking industry, and a look at what’s happening with China Evergrande.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) The BOE says the UK will avoid a recession and raises rates yet again

(2) Credit Suisse and UBS face US scrutiny over Russian sanctions.

(3) The CEO of Chinese-owned social network TikTok appears before congress.

(4) Jack Dorsey sees half a billion dollars wiped off his net worth as Hindenburg Research drop a report on Block.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) The Federal Reserve opts for a 25 basis-point hike and bets on an end to the banking crisis.

(2) Citigroup CEO Jane Fraser says the ability to move millions of dollars with a few clicks is a sea change moment for the banking sector.

(3) The Bank of England gets set to hike rates as February's inflation data came in red hot.

(4) Exclusive Bloomberg reporting finds some of the UK's biggest energy companies have received hundreds of millions of pounds from a practice that regulators say drives prices higher.

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Your morning briefing. The news you need in just 15 minutes. On today's podcast:
(1) UK inflation hits 10.4%, Jamie Rush, our Chief Europe Economist has the details.

(2) Jerome Powell gets set to unveil the Fed's next move after weeks of market turmoil.

(3) Former BOE policymaker Danny Blanchflower shares his though on Central Banks.

(4) The rescue of First Republic may need US government support.

(5) Authorities freeze deferred bonuses for bankers at Credit Suisse.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) Jerome Powell to unveil the Fed's next move on rates after weeks of market turmoil.

(2) The rescue of First Republic may need US government support.

(3) The Chancellor says UK Banks are "immensely stronger" than before 2008.

(4) Authorities freeze deferred bonuses for bankers at Credit Suisse.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) The US looks at ways to guarantee all bank deposits if crisis deepens.

(2) Liquidity-hungry banks tap a key US backstop fund for more than $300 Billion.

(3) UBS sees its prospects downgraded after the takeover of its troubled rival.

(4) Credit Suisse bankers flood headhunters with calls as job cuts loom.

(5) Bloomberg's Editor in Chief John Micklethwait shares his thoughts on recent market events.

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Your morning briefing. The news you need to start your day.
On today's special edition podcast:

(1) UBS shares take a hit on news of the government-backed Credit Suisse takeover.

(2) Swiss banking tie-up expected to lead to thousands of job cuts.

(3) A wipe-out of risky Credit Suisse bonds upends a $275 billion market.

(4) The Federal Reserve and global central banks move to boost dollar funding.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Troubled lender Credit Suisse is sold to rival UBS for $3.2 billion.

(2) Swiss banking tie-up expected to lead to thousands of job cuts.

(3) A wipe-out of risky Credit Suisse bonds upends a $275 billion market.

(4) Federal Reserve leads a move by global central banks to boost dollar liquidity.

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This week...a special edition of the show. It's been an historic week in financial markets...marked by crisis in the banking industry.
The meltdown of Silicon Valley Bank spread across the sector...touching Signature Bank, First Republic...and eventually Credit Suisse.
It's a story that played out right here on Bloomberg...in exclusive interviews that moved shares of Credit Suisse throughout the week.
On this show...we usually look forward. But today, we're looking back...covering the timeline of events that got us to where we are right now.
Hosted by Tom Busby

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) First Republic gets $30 billion backing from eleven US banks.

(2) Sources tell Bloomberg that Credit Suisse and UBS are opposed to a forced combination.

(3) The ECB's Lagarde sticks to the planned 50 basis-point rate hike, but offers no forward guidance.

(4) Half of the Fed's QT shrinkage reversed in a week by discount window usage.

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Your morning briefing. The news you need in just 15 minutes.

.On today's podcast:

(1) Credit Suisse shares open sharply up after yesterday’s massive sell off

(2) Saudi National Bank's Chairman tries to calm markets after saying he wouldn't raise Credit Suisse stage

(3) Troubled lender taps up to $54 billion of central bank funding.

(4) Traders pare bets on a half-point hike at today's European Central Bank meeting.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Credit Suisse taps up to $54 billion of central bank funding.

(2) Financial stocks take a hammering as Credit Suisse shares plunge.

(3) Traders slash bets on a half-point hike at today's ECB meeting.

(4) Jeremy Hunt put economic growth at the heart of his first full UK budget.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) The Chancellor gets set to announce a budget plan for business investment.

(2) A US drone collides with a Russian fighter jet over the Black Sea.

(3) HSBC cuts base pay for newly-promoted bankers as the UK prepares to scrap its bonus cap.

(4) Apple bites down on bonuses as Meta sheds thousands more jobs.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Credit Suisse finds 'material' control lapses after SEC prompt

(2) Two-year treasury's yields rebound after the biggest plunge in decades

(3) Traders bet on a pivot after the first US bank failure since 2008

(4) New data shows UK wage growth slowing for the first time in more than a year

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Two-year treasury yields see some rebound after the biggest plunge in decades.

(2) Traders bet on a Federal Reserve pivot after the first US bank failures since 2008.

(3) President Joe Biden makes a play for tougher banking regulations.

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(1) HSBC buys the UK division of Silicon Valley Bank for a nominal fee.

(2) US authorities protect SVB deposits in a bid to avert contagion.

(3) Sunak says that a plan to support UK tech businesses will be announced "very shortly"

(4) Goldman scraps it's bet on a March rate hike because of "recent stress in the banking system."

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

(1) Governments scramble to contain the fallout from Silicon Valley Bank's collapse.

(2) US authorities protect SVB deposits in a bid to avert contagion.

(3) Rishi Sunak says a plan to support UK tech businesses will be announced "very shortly"

(4) Goldman scraps its bet on a March rate hike because of "recent stress in the banking system."
(5) Special Report: Caroline Hepker takes a closer look at the Cambridge Tech and Science golden triangle.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including a look at upcoming economic data, The UK Chancellor’s budget proposal, the first Republican primary in the US, and Foxconn’s bigger move into India.

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

(1) Silicon Valley Bank's cash crunch sends financial stocks across the globe into a tailspin.

(2) The UK economy grew far more strongly than forecast in January.

(3) Rishi Sunak heads to Paris to meet Emmanuel Macron, as Franco-British relations improve.

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:
(1) Silicon Valley Bank's cash crunch sends financial stocks into a tail spin.

(2) The UK government suspects British firms are being used to exploit the war in Ukraine

(3) Sunak heads to Paris to meet with Macron as relations ease.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Chair Powell softens his tone on the size of a March rate hike.

(2) BOE policy maker Swati Dhingra cautions against raising rates further.

(3) UK Regulator offered 'significant' changes to listings rules in a bid to secure Arm listing.

(4) Rookie traders earn $400K in Sydney's unlikely markets hub.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Five weeks after the Federal Reserve slowed the rate of hikes -- Powell hints at a re-acceleration.

(2) The $7 trillion potential dividend from closing the gender gap in leadership.

(3) The UK's Chancellor, Jeremy Hunt, considers tax incentives to spur UK investment.

(4) It turns out money does buy you happiness -- and you'll need to earn half a million dollars a year to reach a plateau.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) JP Morgan CEO Jamie Dimon tells Bloomberg a soft landing is possible, but warns of risks from Ukraine & China.

(2) President Xi Jinping says China needs to overcome "comprehensive containment and suppression" led by the US.

(3) The US is moving closer to restricting access to the Chinese video-sharing app TikTok.

(4) Goldman's golden goose trader, Joe Montesano, says he's leaving to take a break.

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

(1) China's 5% growth target offer's little relief for the global economy.

(2) Harris Associates reportedly sell their entire Credit Suisse stake.

(3) The Chancellor looks to cap energy prices and freeze fuel duty.

(4) Brexit blues hit London's investment appeal.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including Fed Chair Jay Powell's Capitol Hill testimony and the Friday jobs report, relations between the UK and France, President Biden's coming budget, and China's leader Xi moves to consolidate power even further.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Top firms opt for New York's deep pockets as the UK government insists all is well.

(2) Former rate setter Michael Saunders tells Bloomberg Radio the BOE needs to ease up on hikes.

(3) Citigroup cuts hundred of jobs in investment banking and elsewhere.

(4) Pitches bond secured by the art collections of the wealthy.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Arm rules out a UK listing for now deals a blow to UK politicians.

(2) Fed and ECB rates look to be headed higher BUT Bailey casts doubt on future hikes at the BOE.

(3) Elon Musk's vague Tesla master plan leaves investors disappointed.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Chinese stocks soar as manufacturing hits a decade high

(2) Goldman's investor day fizzles on consumer banking questions.

(3) UK shop inflation hits a record high with little relief ahead.

(4) US treasuries yield more than a 60/40 portfolio for the first time since 2001.

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:
(1) Sunak secures a "breakthrough" deal with the EU on Northern Ireland's post-Brexit rules.
(2) Adani's CFO speaks exclusively to Bloomberg, saying the group isn't looking for a cash injection.
(3) An ECB policymaker tells us that the central bank must push on with policy tightening.(4) Elon Musk regains his crown as the world's richest person as the value of Tesla soars.

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Your morning briefing. The news you need in just 15 minutes. On today's podcast:

(1) Sunak gets set to unveil a Northern Ireland Brexit deal, but will his own party back it?

(2) Survey of UK business leaders says job cuts aren't on the cards, even as recession risks grow.

(3) The ECB's Christine Lagarde says a half point rate hike in March is "all but certain".

(4) Did Covid-19 come from a laboratory leak? A US government report says it's the most likely origin.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the expected parade of quarterly reports from the retail industry, female fund managers in the UK, German Chancellor Olaf Scholz' planned visit to the White House, and the sudden jump in Asian travel as China reopens.

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:
(1) A year after Russian tanks rolled into Ukraine, the war shows no signs of ending.
(2) The man lined up to be the next Bank of Japan Governor hints at a policy shift.
(3) UK consumer confidence sees its sharpest re-bound in almost two years.
(4) TikTok calls the EU's move to ban the app from officials' phones "un-European".

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:
(1) Fed minutes show officials expect more rate hikes will be needed.
(2) The Chancellor's economic advisor says a N Ireland Protocol agreement could offer a meaningful boost to UK investment.
(3) The US says it's watching closely to see if China gives Russia military aid.
(4) We talk to famed investor Helena Morrissey about her plan to get more women into top finance jobs.

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It's almost a year since Russia invaded Ukraine, and we've been looking at the effects of the war on the country's economy. In this special episode, Tymofiy Mylovanov, President of the Kyiv School of Economics and a former minister for economic development, tells us how things have changed, and his vision for the future.

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Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

(1) Fed Minutes to reveal extent of support for larger hikes as PMI data drives yields to 2023 highs.

(2) The US and its allies get set to announce fresh sanctions against Moscow this week.

(3) Microsoft says its $69bn Activision deal must include Call of Duty.

(4) US regulators investigate the use of unapproved messaging apps at Wells Fargo.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) HSBC's CEO gets a pay boost as bonuses are cut and profits beat estimates.

(2) President Biden pledges to back Ukraine for 'as long as it takes'.

(3) BHP slashes its dividend and looks to China as results disappoint.

(4) The world's largest four-day work week trial is a hit with workers and bosses.

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In this bonus episode, UK Prime Minister Rishi Sunak speaks on a panel titled 'The UK in the World', moderated by Bloomberg's Maria Tadeo at the Munich Security Conference on February 18th, 2023.

Sunak says there is no deal yet on the Northern Ireland protocol, and NATO allies should finalize a security guarantee for Ukraine when the alliance’s leaders meet at a summit in July.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) The US and China struggle to achieve a meeting of minds in Munich.
(2) Rishi Sunak looks to reset EU relations with a new Brexit deal on Northern Ireland.
(3) Meta launches a subscription service across Facebook and Instagram.
(4) Property prices head north in north London, with Camden seeing a 17% boost.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the Fed minutes, the energy problems sparked by Russia's war in Ukraine, President Biden's planned trip to Poland, and what next for the Bank of Japan.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
1) Prime Minister Rishi Sunak heads to Northern Ireland for Brexit talks.
2) Central bankers debate where to take interest rates next.
3) Which money managers were last year's winners and losers.
4) Does it pay to be smarter? A Swedish study finds super earners are't necessarily super clever.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
1) Standard Chartered and Commerzbank report earnings.
2) Credit Suisse pays out $210 million to a Georgian tycoon who sued the bank.
3) Airbus delays a production goal for its bestselling A320 jet.
4) Another shock for the semiconductor industry, as more details emerge of theft from ASML in China.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
1) UK inflation stays in double digits.
2) Traders abandon rate cut bets on US price rise data.
3) The 'Sage of Omaha' doubles down on Apple.
4) Reports emerge that Elon Musk tweaked the algorithm to boost his tweets.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) Traders abandon rate cut bets on US inflation data.
(2) The Sage of Omaha doubles down on Apple.
(3) David Soloman says the bank expects to rein in hiring.
(4) Reports emerge that Elon Musk tweaked the algorithm to boost his tweets.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Japan Nominates Kazuo Ueda to head the Bank of Japan.
(2) The Fed's Bowman says rates will need to head higher.
(3) George Soros loads up on corporate debt.
(4) Top diplomats from the US and China consider meeting.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) US fighters shoot down a fourth object.
(2) Economists believe UK data will push the BoE towards further hikes.
(3) Sources say the Adani conglomerate has cut its growth target in half.
(4) Oil prices retreat as slowdown concerns vie with Russian supply cuts.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Britain dodges a recession for another quarter.
(2) The BOE says public sector pay rises may spur inflation.
(3) Metal fraud leaves Trafigura facing a a $577m loss.
(4) Jim Ratcliffe lines up Goldman Sachs to bankroll his Man United bid.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) Metal fraud leaves Trafigura facing a a $577m loss.
(2) The BOE says public sector pay rises may spur inflation
(3) One strategist bets the Fed will rise rates to 8%.
(4) Jim Ratcliffe lines up Goldman Sachs to bankroll his Man United bid.

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Your morning briefing. The news you need in 15 minutes.

On today's podcast:
(1) The Credit Suisse CEO speaks to Bloomberg as bank reports grim results.
(2) Disney's Bob Iger goes on a cost-cutting drive as he looks to make the entertainment giant the happiest place on earth for investors.
(3) Microsoft's Activision takeover in doubt as the UK's competition watchdog takes aim.
(4) The UK property market becomes a bit of a fixer-upper, as sales and enquiries fall further.

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Your morning briefing. The news you need in 15 minutes.

On today's podcast:
(1) Credit Suisse reports grim results with bigger losses and investors pull investment.
(2) Disney's Bob Iger goes on a cost-cutting drive, with 7,000 jobs to go.
(3) Microsoft's Activision takeover in doubt as the UK's competition regulator takes aim.
(4) The UK property market becomes a bit of a fixer-upper, as new figures show sales and enquiries falling further.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) The Fed Chief tells Bloomberg more hikes are needed.
(2) The search for quake survivors continues in Turkey and Syria.
(3) President Biden says the US will not default on its debt.
(4) Credit Suisse to pay some banker bonuses in instalments.
(5) A sneak peak at Rolls-Royce $500,000 electric Spectre.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) More than 4,000 people have died after earthquakes hit Turkey and Syria.
(2) BNP Paribas says it will buy back shares worth €5 billion.
(3) The Fed's Bostic believes rates could now be headed for a higher peak.
(4) Danny Blanchflower tells Daybreak Europe that “collapsing” house prices will force the BoE to cut rates.

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Your morning business briefing. The news you need in just 15 minutes.

On today's podcast:
(1) The UK's leading index has hit a record high, but is that as good as it gets?
(2) Tensions rise as the US shoots down what they say is a Chinese spy balloon.
(3) The Fed's Mary Daly reacts to red hot US job growth but sees no reason to change course.
(4) Daybreak Europe sits down for an exclusive chat with the Lord Mayor of London and Tokyo Governor

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Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
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TuneIn: https://tunein.com/podcasts/p963347/

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Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

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Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

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Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:
Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-europe-edition/id1663863397
Spotify: https://open.spotify.com/show/2OkpUUTl7dafPaS0DP0p5Q
TuneIn: https://tunein.com/podcasts/p963347/

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The CEO of Pure Gym, Humphrey Cobbold, says he wants clarity from the UK government on the future of energy support for businesses, and that continuity is critical. He tells Bloomberg's Caroline Hepker and Tom Mackenzie that the environment for consumers is "very tough" in the UK, and that they are working to reduce energy usage in their gyms.See omnystudio.com/listener for privacy information.

Paul Ford, CEO and founder of risk management data firm Acin, says that loans are the biggest underestimated risk facing the financial sector in 2023. He also tells Bloomberg's Stephen Carroll that risks around communication have become "turbocharged" through the shift to remote working.See omnystudio.com/listener for privacy information.

Bloomberg Breaking News Editor Charles Capel recaps the year's themes in a conversation with Caroline Hepker and Stephen Carroll on Bloomberg Daybreak Europe.See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Artificial intelligence chatbot ChatGPT has racked up millions of requests online, but what happens when most content on the Internet is computer-generated? Kay Firth-Butterfield, Head of AI and Machine Learning at the World Economic Forum tells Bloomberg's Caroline Hepker and Stephen Carroll there needs to be much better regulation for a tool that is pushing boundaries.See omnystudio.com/listener for privacy information.

China's Covid policy shift is a 'force majeure' moment with Beijing focused on building up quarantine facilities, rather than hospitals. That's the view of Bloomberg Opinion’s Matthew Brooker, who says the approach is "a recipe for disaster". He tells Tom Mackenzie and Stephen Carroll on Daybreak Europe that Covid appears to now be “running wild in China”.See omnystudio.com/listener for privacy information.

Support for UK households struggling with sky-high energy bills may be contributing to labor shortages by discouraging people from seeking work, according to an assessment by the Treasury Select Committee. Its chair, Harriett Baldwin, tells Bloomberg's Tom Mackenzie and Lizzy Burden why she thinks the system needs to change. She also revealed that the IMF has declined to speak to UK lawmakers over its intervention on Kwasi Kwarteng’s mini-budget.See omnystudio.com/listener for privacy information.

40,000 rail workers have begun a series of strikes designed to cripple Britain’s transport system over the Christmas period. Unions are holding out for steeper pay hikes as UK inflation is running above 11%. The RMT is also at odds with train companies and the government over proposed reforms to the rail network. Speaking to Bloomberg's Lizzy Burden and Tom Mackenzie, the RMT's Assistant General Secretary John Leach said a deal is a long way off.See omnystudio.com/listener for privacy information.

UK home sellers are cutting asking prices at the fastest pace in four years as higher interest rates are putting buyers off, according to new figures from the property website Rightmove. Tim Bannister, the portal's head of property science, tells Bloomberg's Lizzy Burden and Stephen Carroll he's expecting prices to fall around another 2% in 2023, after the 2.1% drop in December.See omnystudio.com/listener for privacy information.

China has accelerated an easing of its Covid restrictions this week, after unprecedented protests. Michele Wucker is the author of The Gray Rhino, a book about obvious risks that are often ignored, which has been cited on repeated occasions by China's President Xi Jinping. She gives Bloomberg's Stephen Carroll her view on how China has adapted its Covid policies, and other gray rhinos that may be ahead for the global economy.See omnystudio.com/listener for privacy information.

Chris Watling, CEO and Chief Market Strategist of Longview Econonomics, says most assets haven't priced in the looming recession, and that the debate is now about what kind of slump is coming. He tells Bloomberg's Stephen Carroll and Lizzy Burden the US unemployment rate could rise as high at 8% next year, and the Federal Reserve is tightening monetary policy "until something breaks".See omnystudio.com/listener for privacy information.

Alex Brazier, former Bank of England director and now Deputy Head of the BlackRock Investment Institute, says central banks are "not the cavalry that's riding to the rescue when the economy turns down," and that they now need to cause recessions to bring down inflation to their target. He tells Bloomberg's Lizzy Burden and Tom Mackenzie that the Bank of England doesn't need to raise rates as high as markets expect because rising energy prices are weighing on demand in the UK.See omnystudio.com/listener for privacy information.

Savills' head of residential research, Lucian Cook, says there has been a rapid change in housing market conditions in the UK. He tells Bloomberg's Caroline Hepker and Tom Mackenzie he expects transactions to slump by a quarter, and prices to drop by 10% in 2023, but he doesn't foresee an increase in forced sales.See omnystudio.com/listener for privacy information.

George Bridges, Chair of the Economic Affairs Committee in the Lords, says Andrew Bailey's testimony to his panel was jaw-dropping. The Bank of England governor said that Treasury officials did not know what was in the Truss mini-budget 24-48 hours before it was announced. Bridges tells Bloomberg's Caroline Hepker and Tom Mackenzie that was a breakdown at the heart of government.See omnystudio.com/listener for privacy information.

UK mortgage approvals slumped to the lowest level since June 2020 last month, according to new figures from the Bank of England. Bloomberg's Neil Callanan joins Lizzy Burden and Tom Mackenzie to discuss how higher interest rates and the economic downturn have created a situation where "everything, everywhere, all at once is going wrong in the property market."See omnystudio.com/listener for privacy information.

New figures from the property website Zoopla show that, for the first time in 18 months, the agreed sale prices for UK homes have fallen below asking prices. Zoopla's Executive Director for Research, Richard Donnell, tells Bloomberg's Stephen Carroll and Lizzy Burden that he expects the current 2.4% discount to increase, as demand has fallen by 44% in the past six weeks. Donnell is forecasting that UK property prices will fall by 5% in 2023.See omnystudio.com/listener for privacy information.

Jason Trost, founder and CEO of London-based betting exchange Smarkets, says the end of access to cheap money has caused a tough and fast transition in the technology sector. He told Bloomberg's Caroline Hepker and Stephen Carroll that he and other tech leaders underestimated the effect of rising interest rates, and that he expects a "big shakeout" in the industry as companies are forced to focus on profit over growth. Trost also discusses how the uncertainty around Brexit has put the UK on a downward trend, but that he still believes it's a great place to do business and is hopeful that the UK will seek a closer relationship with the EU.See omnystudio.com/listener for privacy information.

Governments have to show they are on the side of workers. Ngaire Woods, professor of Global Economic Governance at the University of Oxford, says a majority of people in developed countries don't believe they can improve their lives through hard work now, leading to growing nationalism. Woods tells Bloomberg's Caroline Hepker and Tom Mackenzie that in the UK, Conservatives have not been able to deliver a stable government and the problems are now existential.See omnystudio.com/listener for privacy information.

Glen Goodman, Crypto Consultant at eToro, says he believes sentiment in cryptocurrencies is "as bad as it could possibly get" after the collapse of FTX. He says there are signs the market is approaching a bottom, including huge "capitulation volume" in trading. Goodman tells Bloomberg's Stephen Carroll and Anna Edwards that some of the FTX investors' due diligence was "under par".See omnystudio.com/listener for privacy information.

The UK has borrowed its way as far as it can, says the new Lord Mayor of London. Nicholas Lyons, a former insurance chairman, argues the City has to become more globally competitive and the government should think about creating a UK sovereign wealth fund. He also discusses the oncoming recession with Bloomberg's Caroline Hepker and Stephen Carroll, and why banks and insurers must help protect the 15 million workers who have less than £100 in savings.See omnystudio.com/listener for privacy information.

Frances O'Grady, Secretary General of the Trades Union Congress, says the government did the bare minimum on benefits in the Autumn Statement, and that workers are quietly determined they won't pay the price for this crisis. She told Bloomberg's Caroline Hepker and Tom McKenzie the Conservatives are rewarding wealth and not work, with the super-rich hardly seeing a dent to their bank balances.See omnystudio.com/listener for privacy information.

Tina McKenzie, Chair of Policy and Advocacy at the Federation of Small Businesses, says there wasn't much in Jeremy Hunt's Autumn Statement to help small and medium-sized enterprises. She told Bloomberg's Caroline Hepker and Stephen Carroll that the government wasn't "compassionate" towards small business owners in its announcements, and that she found the Shadow Chancellor Rachel Reeves' support for SMEs "very encouraging"See omnystudio.com/listener for privacy information.

Pascal Cagni, chairman of government agency Business France, says consumer and industrial firms are preferring to raise capital in the European Union rather than in London. He tells Bloomberg's Stephen Carroll and Lizzy Burden that fundamentals are "only playing in one direction" since Brexit, as the Paris stock market surpasses London to become Europe's largest. Cagni also pointed to Emmanuel Macron's re-election in France as giving businesses political stability in policymaking.See omnystudio.com/listener for privacy information.

Tony Brenton, former UK Ambassador to Russia and now Fellow of Wolfson College, Cambridge, says Vladimir Putin may be willing to negotiate a peace deal in Ukraine, if "sensible bases for a negotiation emerged." He tells Bloomberg's Caroline Hepker and Stephen Carroll the Putin he knew always made calculated risks, but that this invasion was completely out of character. Brenton says Crimea will be central to any conclusion to the war.See omnystudio.com/listener for privacy information.

Martin Sorrell, Executive Chairman at S4 Capital, discusses his pitch to clients in a tougher economic environment, as S4 Capital delivers a 73% jump in gross profit in the third quarter. He tells Bloomberg's Charles Capel and Stephen Carroll that the upheaval at Twitter must be viewed in perspective, as the company only accounts for 1% of the global digital advertising market.See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Mati Greenspan, chief executive at research firm Quantum Economics, says FTX and crypto platforms have grown too quickly and unsustainably. He tells Bloomberg's Caroline Hepker and Tom Mackenzie that investors have still not learnt the lessons of Mt. Gox that centralized crypto exchanges are a risk and the platforms run counter to the advantages of cryptocurrencies.See omnystudio.com/listener for privacy information.

UK Chancellor Jeremy Hunt will unveil his budget next week in a bid to stabilise the public finances after Liz Truss’s ill-fated administration. Sunak’s finance minister is set to implement spending cuts and tax increases worth billions of pounds in an effort to get debt falling as a proportion of GDP. With higher rates boosting the bottom line, banking is one of the industries that may be called on to to help foot the bill. Speaking to Caroline Hepker and Tom Mackenzie on Bloomberg radio TheCityUK CEO Miles Celic says the finance sector is looking for stability on taxation and regulation.See omnystudio.com/listener for privacy information.

John Gummer, Chair of the UK's independent Climate Change Committee, says for the government to win international support for climate initiatives, it must "stop worrying people about whether we'll keep our word or not." Gummer pointed to the Northern Ireland Protocol Bill as an example of the UK trying to break its international commitments. He tells Bloomberg's Caroline Hepker and Tom Mackenzie that those who are worried about immigration must recognise how climate change will cause large-scale movements of people.See omnystudio.com/listener for privacy information.

UK house prices have fallen at the sharpest pace in almost two years according to mortgage lender Halifax. David Fell is a senior analyst at broker Hamptons International. Speaking to Bloomberg's Caroline Hepker and Stephen Carroll he said he expects the market to remain stagnant over the next year.See omnystudio.com/listener for privacy information.

Former Treasury economist and Bennett Professor of Public Policy at the University of Cambridge, Diane Coyle, says the government needs to be more consistent in its supply-side economic measures. She told Bloomberg's Stephen Carroll and Caroline Hepker that ministers can't keep putting off much-needed investments. Coyle added that criticism of institutions like the Office for Budget Responsibility by politicians was "really unhelpful" in the context of the cost of living crisis.See omnystudio.com/listener for privacy information.

Danny Alexander, former Chief Secretary to the UK Treasury and central to austerity policies in 2010, says the Sunak government will have an even more difficult job balancing the public finances now. Alexander, who is now Vice-President of the Asian Infrastructure Investment Bank, tells Bloomberg's Caroline Hepker the multilateral institution is not beholden to any one member country, adding that the AIIB is committed to funding the energy transition.See omnystudio.com/listener for privacy information.

Bloomberg's Senior Executive Editors David Merritt and Stephanie Flanders discuss the Bank of England's rate path ahead of the November decision and the gap between market expectations and Bloomberg's view on the UK's inflation trajectory. They tell hosts Stephen Carroll and Anna Edwards how the Sunak government's fiscal policies will fit in with the BoE's actions.See omnystudio.com/listener for privacy information.

Renters are set to be affected by rising interest rates and the government needs to think clearly about the rental market, according to Ray Boulger, Senior Mortgage Technical Manager at the broker John Charcol. He tells Bloomberg's Stephen Carroll and Caroline Hepker home buyers are holding off on or pulling out of transactions, while some buy-to-let landlords are exiting the market. He believes UK property prices have quite a bit further to fall, and is expecting a drop of 10-15% between the peak and trough of the market.See omnystudio.com/listener for privacy information.

The energy crisis is forcing gyms into a perilous position according to the CEO of Total Fitness, Sophie Lawler. The price spike comes at tough time for the industry, which is also under pressure from the lingering effect of pandemic and the growth of online fitness rivals. Speaking to Caroline Hepker and Lizzy Burden on Bloomberg Radio, Sophie said the lack of clarity from the government over the energy crisis is making future decisions difficult.See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Sanjay Brahmawar, CEO of technology firm Software AG, says accelerating the company's shift to cloud and other services "required some leadership changes and different skills", as he announced that CFO Matthias Heiden will leave the company. He tells Bloomberg's Stephen Carroll and Charlie Wells he sees potential for Software's annual growth to remain around 7% despite the worsening economic situation.See omnystudio.com/listener for privacy information.

Two years ago, Rishi Sunak was a relatively unknown minister picked as the next Chancellor by Boris Johnson. Today he is the frontrunner to be the next Prime Minister, in what could be an astonishing rise to the highest government office. If he does win the leadership race, he would have to tackle an economic crisis. Bloomberg's International Government Executive Editor Rosalind Mathieson and Chief Europe Economist Jamie Rush join Stephen Carroll and Marcus Ashworth to discuss where next for Britain.See omnystudio.com/listener for privacy information.

Liz Truss has announced her resignation as Prime Minister after just 44 days in office. Her resignation has fired the starting gun in a hastily organised race to replace her. Former Chancellor Rishi Sunak and leader of the Commons Penny Mordaunt are both expected to stand -- as is the former PM Boris Johnson. Will Walden is Edelman's senior counsel for strategic communications and helped run Johnson's successful leadership campaign in 2019. Speaking to Tom Mackenzie and Caroline Hepker he said he’d like to have a pint with Boris but doesn’t want to see him back in the top job.See omnystudio.com/listener for privacy information.

The government's mini budget has now largely been consigned to the dustbin of history. However, the desire for faster UK growth is something very much still front and centre as the chancellor looks to fill a huge financial black hole. IT equipment maker Cisco argues that one way to boost the UK economy would be greater digital connectivity. Speaking to Caroline Hepker and Stephen Carrol, their UK and Ireland CEO David Meads argued it could add as much as £168bn to the economy by 2030.See omnystudio.com/listener for privacy information.

The UK housing market faces the most severe disruption since the 2008 financial crisis, according to Bloomberg Economics. The average two-year fixed-rate home loan jumped to above 6.5% on Tuesday, according to Moneyfacts. Ray Boulger, Senior Technical Manager at the mortgage brokers John Charcol. He told Bloomberg's Caroline Hepker and Stephen Carroll he expects house prices to fall by 15% from their peak.See omnystudio.com/listener for privacy information.

The Prime Minister Liz Truss says she's sorry for going "too far, too fast" after her new Chancellor shredded most of her economic plan. Joey Jones, former spokesperson for Theresa May, now senior counsel for corporate affairs at Grayling, tells Bloomberg's Caroline Hepker and Tom Mackenzie that the government's contempt for UK institutions "blew up in their face".See omnystudio.com/listener for privacy information.

After just 41 days in office, a number of Liz Truss's own MPs are already publicly calling on her to quit, with many more echoing the sentiment in private. Normally, a Tory leader has one year before they can be voted out, but the rules can be changed if enough MPs write to the backbenchers' 1922 committee. Ben Page, Chief Executive of the Ipsos polling agency, tells Tom Mackenzie and Caroline Hepker it’s hard to overstate the negative impact Liz Truss has had on the Conservative party's poll numbers.See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

To mark Black History Month, Bloomberg Daybreak Europe is speaking to a range of voices from the world of finance about their experiences. Karl Lokko is the Co-founder and Chairman at Black Seed, a venture capital fund with ambitions to turn Brixton into the 'black Silicon Valley’. He spoke to Bloomberg's Eileen Gbagbo and Caroline Hepker about why so many black entrepreneurs struggle to grow their businesses in the UK.See omnystudio.com/listener for privacy information.

To mark Black history month, Bloomberg Daybreak Europe is speaking to a range of voices from the world of finance about their experiences. Paula Groves is the Chief Investment officer at Impact X, a London-based venture capital company that focuses on investing in underrepresented communities. She spoke to Bloomberg's Eileen Gbagbo and Caroline Hepker about the opportunities that exist for black entrepreneurs looking to grow their business and the macro backdrop for investors.See omnystudio.com/listener for privacy information.

Lord Karan Bilimoria, Vice President of the CBI and founder of Cobra beer says the government is right to focus on growth and reducing taxes, but Truss and Kwarteng have gone about the 'mini-budget' the wrong way. He tells Bloomberg's Caroline Heper and Stephen Carroll there should be an independent OBR assesment of the budget far sooner than 23rd November, and more help for businesses.See omnystudio.com/listener for privacy information.

Anthony Browne, Conservative MP and member of the Treasury Select Committee, says the Chancellor Kwasi Kwarteng "did the job" in his speech to the party conference on Monday, addressing the government U-turn on scrapping the top rate of income tax. On the issue of increasing welfare payments in line with inflation, he told Bloomberg's Caroline Hepker that no decision had been made yet, but he feels "uncomfortable uprating, or balancing the books, on the backs on the lowest paid".See omnystudio.com/listener for privacy information.

Mark Littlewood, Director General of the Institute of Economic Affairs, says the government's decision to reverse scrapping the top rate of income tax was a "political judgement about party management." At the Conservative Party conference in Birmingham, he told Bloomberg's Caroline Hepker that the Chancellor and Prime Minister decided the measure was "not the hill they want to die on."See omnystudio.com/listener for privacy information.

After the fallout from last Friday's mini-budget saw the pound sink to a record low against the dollar and the Bank of England forced into an emergency intervention in the bond markets, what's next for the Prime Minister's economic policies? Bloomberg's Caroline Hepker and Tom Mackenzie discuss with James Smith, Research Director at the Resolution Foundation, and Matthew Lesh, Head of Public Policy at the Institute of Economic Affairs.See omnystudio.com/listener for privacy information.

Former Bank of England and IMF economist, Paul Mortimer-Lee, says the Chancellor Kwasi Kwarteng and the Bank must address the UK's "huge credibility gap" in financial markets. He tells Bloomberg's Caroline Hepker and Stephen Carroll that the mini-budget announced last Friday will boost growth in the short-term, but won't be a supply-side "miracle". Mortimer-Lee, who's now a research fellow at the National Institute of Economic and Social Research, said the package "is not a magic formula to return to growth."See omnystudio.com/listener for privacy information.

William Hobbs, Chief Investment Officer at Barclays Bank, says the UK government needs to clarify its medium-term fiscal plans to reassure the markets, but that "sterling is going to have to take more of the pain". He tells Bloomberg's Caroline Hepker and Stephen Carroll that markets are overestimating hikes in Bank of England interest rates.See omnystudio.com/listener for privacy information.

After the extraordinary intervention from the Bank of England to buy long-dated government bonds on Wednesday, Prime Minister Liz Truss has insisted her policies are "the right plan" for the UK. Bloomberg's Stephanie Flanders, Philip Aldrick and Valerie Tytel join Caroline Hepker and Stephen Carroll to discuss the political, economic and market implications of the government's actions - and the mounting challenges facing Liz Truss.See omnystudio.com/listener for privacy information.

Ireland's Finance Minister, Paschal Donohoe, says a new €6 billion reserve fund will help to cushion the risks from the country's heavy reliance on corporate tax receipts. He tells Bloomberg's Stephen Carroll and Anna Edwards that Ireland's €11 billion budget, including more then €4 billion in cost of living measures, has been funded from tax rather than borrowing. Donohoe added that his future as Eurogroup President "is a matter for the party leaders" as a cabinet reshuffle is due to take place in December.See omnystudio.com/listener for privacy information.

There's been a mass scramble by borrowers to agree mortgages, but by next week getting a fixed mortgage below 5% will be rare, says Ray Boulger, from John Charcol mortgage brokers. He tells Bloomberg's Caroline Hepker and Tom MacKenzie rising rates means the UK property market has peaked and home prices could drop by 5-10% in 2023.See omnystudio.com/listener for privacy information.

Gerard Lyons, external adviser to Prime Minister Liz Truss and Chief Economic Strategist at Netwealth, says the Chancellor must do more to reassure markets after the reaction to Friday's mini-budget. He tells Bloomberg's Stephen Carroll and Anna Edwards the government doesn't need to reverse course on its fiscal policies, but does need to convince markets the tax cuts are "necessary, non-inflationary and affordable".See omnystudio.com/listener for privacy information.

Kate Nicholls, CEO of industry group UK Hospitality, says without additional government support for the sector, 10% of businesses in the sector face failure this winter. She tells Bloomberg's Tom Mackenzie and Stephen Carroll that targeted business rate cuts and VAT relief are needed, on top of the government's £40 billion package to limit energy costs, announced on Wednesday.See omnystudio.com/listener for privacy information.

Carl Emmerson, Deputy Director of the Institute for Fiscal Studies, says the UK government's planned tax cuts won't deliver the kind of growth needed for them to be fiscally sustainable. He joined Bloomberg's Stephen Carroll and Tom Mackenzie to discuss the new IFS report which warns that the promised tax and spend policies risk putting the public finances on an "unsustainable path".See omnystudio.com/listener for privacy information.

Martin Sorrell, Executive Chairman and founder of digital ad agency S4 Capital, says he's expecting 2023 and 2024 to be economically difficult, but that demand for digital ads was still strong. He tells Bloomberg's Charles Capel and Stephen Carroll that the situation facing Europe "remains a big question mark". In its latest results, S4 Capital reaffirmed its revenue growth target for the year after it cut hiring costs and said it would focus on growth rather than acquisitions.See omnystudio.com/listener for privacy information.

Caspian Conran, energy economist at Baringa Partners, says a price cap on Russian gas - absent from the EU's energy plan - wouldn't make much of a difference, but a broader limit on other gas products could hit much-needed LNG supplies. He tells Bloomberg's Stephen Carroll and Caroline Hepker plans to ease margin stress in the energy market are very important.See omnystudio.com/listener for privacy information.

Bloomberg's senior UK economist Dan Hanson tells Daybreak Europe anchors Stephen Carroll and Anna Edwards that while inflation in the UK is cooling, the core figure was higher than expected, something that may worry the Bank of England, even if leading PPI indicates pipeline pressure ebbing.See omnystudio.com/listener for privacy information.

Andrew Sentance, former member of the Bank of England's Monetary Policy Committee, now Senior Adviser to Cambridge Econometrics, says it's up to members of the MPC to safeguard the bank's independence in the face of increased scrutiny by the Treasury. He tells Bloomberg's Stephen Carroll and Dani Burger he sees the Bank of England continuing to hike interest rates, with neutral rates around 4% in the first quarter of 2023. Sentance says the UK has the borrowing capacity to tide the economy over a difficult period, if the spending on energy turns out to be a temporary measure.See omnystudio.com/listener for privacy information.

Former Cabinet Office Minister, David Lidington, says removing Tom Scholar as permanent secretary to the Treasury was a bad decision by the Prime Minister Liz Truss. 'It's not good for the political masters to start moving professional civil servants around,' he tells Bloomberg's Dani Burger and Stephen Carroll. Lidington also discusses attending the weekend's Accession Council, the event where Charles was formally proclaimed as King.See omnystudio.com/listener for privacy information.

Mary Macleod, former MP and policy adviser to Queen Elizabeth II, says the monarch will be remembered for her devotion, life of service and selflessness. Speaking to Bloomberg's Caroline Hepker and Stephen Carroll, Macleod also touched on the Queen's sense of humour as well as her humility, dignity and grace.See omnystudio.com/listener for privacy information.

Caspian Conran, Energy and Markets Economist at Baringa Partners, says there's a 'huge risk' that Russia cuts off all gas flows to Europe, as EU ministers are set to consider a cap on prices. He tells Bloomberg's Caroline Hepker and Stephen Carroll that efforts by governments to get households and businesses to use less energy with public information campaigns won't 'move the dial' on reducing demand.See omnystudio.com/listener for privacy information.

Bloomberg's Senior UK Economist, Dan Hanson, says Prime Minister Liz Truss' energy package, thought to total some £200bn, can help avert a recession. He joins Bloomberg anchors Caroline Hepker and Alex Webb to analyse the new Conservative government along with Bloomberg's Political Editor Kitty Donaldson and Senior Executive Editor for EMEA David Merritt.See omnystudio.com/listener for privacy information.

Miles Celic, CEO of industry group TheCityUK, says Liz Truss taking power 'feels like quite a Reagan moment' for the UK. Speaking to Bloomberg's Stephen Carroll and Anna Edwards, he described the new Prime Minister as 'dynamic, engaged and willing to listen and hear from business.' Celic says he's not expecting a 'radical deregulatory agenda' from the new government.See omnystudio.com/listener for privacy information.

The tax rate on the UK oil and gas industry is already at a 50 year high says Mike Tholen, CEO of OEUK, trade body for offshore oil gas and windpower. Tholen tells Bloomberg's Caroline Hepker and Stephen Carroll new PM Liz Truss must move beyond immediate rhetoric. The industry is committed to the UK's net zero goal and windpower needs to be developed alongside oil and gas.See omnystudio.com/listener for privacy information.

Conservative MP and Joint Executive Secretary of the 1922 Committee, Bob Blackman, says the public needs to be reassured by the next Prime Minister that they will help tackle the cost of living crisis in the UK. He tells Bloomberg's Stephen Carroll and Anna Edwards that the winner of the Tory leadership contest must bring the party together, and that MPs will support whoever emerges as victorious.See omnystudio.com/listener for privacy information.

Patrick English, Associate Director at polling company YouGov, says the public's expectations are 'very very low' for the UK's next Prime Minister, as we await the results of the Conservative leadership race. He tells Bloomberg's Caroline Hepker and Stephen Carroll that the most important task facing the frontrunner Liz Truss is presenting a united front for the Tory Party, and that the Labour Party has had 'a good summer by not doing very much.'See omnystudio.com/listener for privacy information.

The director of the documentary 'The Territory', Alex Pritz, says the Covid-19 pandemic forced them to rethink their entire production model. The film follows 18-year-old Bitaté, the leader of the Uru-Eu-Wau-Wau people, as he defends his home in Brazil's Amazon rainforest. Pritz tells Bloomberg's Caroline Hepker, Sarah Rappaport and Lizzy Burden that some of the protagonists in the documentary ended up doing some of the filming.See omnystudio.com/listener for privacy information.

Bloomberg's Asia Credit Managing Editor, Andrew Monahan, says there are still 'pockets of opportunity' in parts of the global market despite government and investment-grade corporate bonds falling into the first bear market in a generation. He tells Bloomberg's Caroline Hepker and Stephen Carroll that the environment remains very challenging after the selloff sparked by Jerome Powell's comments last week at Jackson Hole.See omnystudio.com/listener for privacy information.

Mike Brewer, Chief Economist of the Resolution Foundation think-tank, says the next UK Prime Minister must intervene to bring down the cost of energy for households, rather than favouring another cash payout like the current £400 rebate. Brewer told Bloomberg's Caroline Hepker and Stephen Carroll that disposable income in the UK is going to drop by around 10% over two years as soaring energy bills drive inflation higher. In its latest report, the Resolution Foundation is warning three million more people will enter absolute poverty in the UK, where they can not afford the basics.See omnystudio.com/listener for privacy information.

Charlie Bean, professor of economics at the LSE and former Bank of England and OBR official, says the UK economy needs at least £100 billion to support households in the face of soaring energy bills. He speaks to Bloomberg's Caroline Hepker and Tom Mackenzie about what the next Prime Minister and the Bank of England should do as the threat of recession and a plunging pound loom over Britain.See omnystudio.com/listener for privacy information.

Martin McTague, National Chair of the Federation of Small Business, says around a half a million UK businesses are in 'real distress' as energy prices skyrocket. He tells Bloomberg's Caroline Hepker and Stephen Carroll that government help is 'the only way out' for many. McTague was speaking on the day the regulator Ofgem announced that average household energy bills would rise by 80% as the energy price cap is adjusted in October - a cap that doesn't apply to businesses.See omnystudio.com/listener for privacy information.

The CEO of energy company Utilita, Bill Bullen, says the jump in prices in October will put 100% of his customers in fuel poverty. Regulator Ofgem has announced that the typical household will pay 80% more for energy when the cap rises. Bullen told Bloomberg's Caroline Hepker and Stephen Carroll that if any government doesn't act quickly to address this, 'they won't be in government for very long.'See omnystudio.com/listener for privacy information.

There is much more energy price inflation still to be passed through to consumers, according to the IFO Institute's Timo Wollmershäuser. He tells Bloomberg's Caroline Hepker and Stephen Carroll there German businesses are pessimistic and see high levels of uncertainty.See omnystudio.com/listener for privacy information.

Nationalizing energy suppliers has broad support among the UK public no matter what their political persuasion, Craig Watkins, CEO of Kantar Public UK. Speaking to Bloomberg's Caroline Hepker and Stephen Carroll, Watkins says Kantar's polling shows consumers see the UK in a cost-of-living crisis needing immediate action from government.See omnystudio.com/listener for privacy information.

Sharon Graham, General Secretary of the Unite Union, says the strike by workers at the UK's largest container port in Felixstowe could extend beyond the planned eight days, if no agreement is reached. She told Bloomberg's Stephen Carroll and Caroline Hepker that the current demand is for a 10% pay rise, up from the port operator's offer of 7% and a £500 bonus. Graham also said that the union has won 80% of the pay disputes it has been involved in over the past year.See omnystudio.com/listener for privacy information.

Bobby Morton, Unite's national officer, says his members want more than the port's 7% pay increase plus bonus offer. He says worker want closer to the RPI of 12.3%. He tells Bloomberg's Anna Edwards and Caroline Hepker that the port is making rich profits and if they can pay, they should pay.See omnystudio.com/listener for privacy information.

Paul Davey, from Port of Felixstowe, discusses the dock worker strike. He tells Bloomberg's Lizzy Burden the pay offer is a pay increase of between 8.1% and 9.6% depending on the job and that the offer is fair.See omnystudio.com/listener for privacy information.

Bloomberg's Senior European Equity Strategist, Tim Craighead assesses the earnings season. He tells Bloomberg's Caroline Hepker profit margins have surprised to the positive in 2022 across European markets but for 2023 margins are starting to slip, and it's the tip of the iceberg.See omnystudio.com/listener for privacy information.

The Former Bank of England policymaker, Danny Blanchflower, says a looming UK recession will force the next Prime minister to scrap proposed tax cuts and deliver more help to the less well-off. The Dartmouth economics professor tells Bloomberg's Lizzy Burden and Stephen Carroll that the government should be protecting people from the current cost of living crisis, and not the BOE. Commenting on the Tory leadership candidates' current proposals, Blanchflower said, “Nothing they’ve said goes anywhere close to dealing with the problem that’s coming."See omnystudio.com/listener for privacy information.

Arjan Geveke, Director of the Energy Intensive Users Group, says major energy-consuming industries in the UK want to see the government's plan for coping with shortages this winter published earlier than October. He told Bloomberg's Stephen Carroll and Alex Webb that some businesses could face 'irreparable damage' if their supply is interrupted.See omnystudio.com/listener for privacy information.

Chris Gray, Managing Director of Manpower UK, says employers are 'taking their foot off the accelerator' when it comes to hiring. He spoke to Bloomberg's Lizzy Burden and Stephen Carroll as new jobs figures showed signs the UK's ultra-tight labour market is starting to cool. Gray says the sectors where workers remain most in demand include banking, finance and insurance.See omnystudio.com/listener for privacy information.

It will take around ten years and billions of pounds to increase nuclear power's share of the UK's energy mix, according to Tom Greatrex, CEO of the Nuclear Industry Association. He tells Bloomberg's Stephen Carroll that with many of the UK's current nuclear plants slated for closure, energy insecurity is likely to worsen in the short term.See omnystudio.com/listener for privacy information.

Tony Jordan, director of the energy consultancy Auxilione, says the design of the UK's energy price cap is now in question, as costs are set to soar in the coming months. It estimates the average annual household bill will surge past £5,000 next year. Jordan told Bloomberg's Stephen Carroll and Tom Mackenzie that massive borrowing would be needed for further government subsidies.See omnystudio.com/listener for privacy information.

After second quarter GDP figures showed the UK economy contracting by less than had been expected, economist and Bennett Professor of Public Policy at Cambridge University Diane Coyle says the outlook is bleak. She told Bloomberg's Stephen Carroll and Alex Webb that the impact of rising energy bills will be 'severe' on households, and that discretionary spending will be the key metric to watch for signs of consumers being squeezed.See omnystudio.com/listener for privacy information.

The UK's biggest water supplier, Thames Water, says continued high temperatures and lack of rainfall could lead to restrictions being placed on industrial customers. Temperatures are set to soar as high as 37 degrees Celsius in parts of England and Wales in the coming days. Cathryn Ross, Strategy and Regulatory Affairs Director at Thames Water, tells Bloomberg's Stephen Carroll and Lizzy Burden that a long-running drought could lead to industrial water usage being limited.See omnystudio.com/listener for privacy information.

UK government departments need £44bn to offset the impact of inflation according to the Institute for Fiscal Studies. The think tank said rampant price rises are expected to wipe out more than 40% of the planned real-terms increase in funding for public services over the next three years. IFS economist Ben Zaranko who told Alex Webb and Stephen Carroll on Bloomberg Daybreak Europe that schools & hospitals will suffer if money isn't found to fill the gap.See omnystudio.com/listener for privacy information.

One of Wall Street's staunchest bulls released new research this week telling investors it's time to sell stocks. Bloomberg's Charlie Wells tells Lizzy Burden and Stephen Carroll about the latest calls from JP Morgan Chase's Marko Kolanovic.See omnystudio.com/listener for privacy information.

Nina Skero, CEO of the Centre for Economics and Business Research, says lower paid workers are securing much smaller pay rises than their high-paid City counterparts. She discusses the CEBR's latest research on pay rises with Bloomberg's Lizzy Burden and Stephen Carroll. Skero also says the CEBR is forecasting a much shorter recession than the Bank of England, with growth of around 0.5% next year.See omnystudio.com/listener for privacy information.

The bonus 'genie' will only be rewarding certain part of the banking world, according to Bloomberg's Tom Metcalf and Charlie Wells. Anchors Caroline Hepker and Lizzy Burden look at pay on Wall Street and in the City of London with recession winds blowing.See omnystudio.com/listener for privacy information.

Bloomberg Opinion's Therese Raphael and Marcus Ashworth discuss pressure on the Bank of England and Conservative leadership candidates to tackle soaring inflation in the UK. The list of challenges is long, and shared by both monetary and fiscal policymakers. They spoke to Bloomberg's Stephen Carroll and Caroline Hepker ahead of the Bank of England's rate decision.See omnystudio.com/listener for privacy information.

Everyone is grappling with the impact of hybrid working on employee health and well-being, according to Vitality UK CEO Neville Koopowitz. He says companies must tread carefully, and gather data, on the long-term effects on mental health and physical activity. Speaking to Bloomberg's Caroline Hepker and Stephen Carroll, Koopowitz also discusses trying to keep costs down, given expected price increases from hospitals and drug companies later this year and medical input costs that typically run higher than consumer price gains.See omnystudio.com/listener for privacy information.

A decade on from Mario Draghi saying he would do 'whatever it takes' to save the euro, former Central Bank of Ireland Governor Patrick Honohan says the ECB President's personality played a major part in convincing markets. He tells Bloomberg's Stephen Carroll and Caroline Hepker of the build-up to that defining speech, and reflects on its legacy for the European Central Bank. Honohan is now a Senior Fellow at the Peterson Institute for International Economics.See omnystudio.com/listener for privacy information.

Ten years after Mario Draghi pledged to do 'whatever it takes' the save the euro, former European Central Bank President Jean-Claude Trichet says the single currency's existence is no longer in question. He tells Bloomberg's Stephen Carroll that successive bond-buying programs put in place by the ECB, dating back to his leadership, have helped convince markets it can handle crises, including the current inflation spiral.
Anchor, Bloomberg RadioSee omnystudio.com/listener for privacy information.

Amid travel disruption in many parts of Europe, Ryanair's Chief Financial Officer, Neil Sorahan, says the single biggest issue the carrier is facing is air traffic control delays. He tells Bloomberg's Caroline Hepker and Stephen Carroll that the airline is operating at operating at 115% of its 2019 capacity. On the delays being experienced at airports, Sorahan says operators knew there would be strong demand this summer and 'all they had to do was get the staffing right, and unfortunately that didn't go to plan'.See omnystudio.com/listener for privacy information.

In YouGov polling Liz Truss has the advantage right now, however things can change quickly says YouGov Associate Director Patrick English. Speaking to Bloomberg Daybreak's Caroline Hepker and Alex Webb he outlines what two key things party members are looking for in their next leader. He says they want someone strong with honesty and integrity and the second important thing they are looking for is more of a return to conventional conservatism. He added that there is a sense among the membership that want to see tax cuts and classic party values at the heart of government.See omnystudio.com/listener for privacy information.

Rehman Chishti MP, the Tory backbencher who took a run at the leadership of the party, is now backing Rishi Sunak. He tells Bloomberg's Caroline Hepker and Yuan Potts he briefly ran to highlight the need for government to promote meritocracy.See omnystudio.com/listener for privacy information.

Lorenzo Codogno founder and Chief Economist at LC Macro Advisors says Draghi's support is gradually vanishing as we get closer to Italy's elections. Bloomberg's Caroline Hepker and Yousef Gamal El-Din ask him about Italy's volatile future.See omnystudio.com/listener for privacy information.

Approaching one billion pounds, that's how much Stonehaven's Head of Policy Adam Bell estimates the heatwave could set back the economy. Speaking to Daybreak's Caroline Hepker and Lizzy Burden, he broke down the challenges governments face in trying to make long term decisions to prepare for the impacts of climate change.See omnystudio.com/listener for privacy information.

Bloomberg Opinion Columnist Andreas Kluthe argues English should be Germany's official second language. But he tells Bloomberg's Caroline Hepker and Yuan Potts that the proposal from business-friendly Free Democrats has seen a fierce backlash.See omnystudio.com/listener for privacy information.

Head of European gas at Energy Aspects James Waddell says that European governments are generally not ready to work out which industries they can ration gas to and the knock-on effects. Wadell tells Bloomberg's Caroline Hepker and Yousef Gamal El-Din that Moscow's aim is to stymie the ability for Europe to build up gas stocks before winter, so Russia can then extract concessions.See omnystudio.com/listener for privacy information.

We will see a significant impact on the economy if we fail to adapt to increasing temperatures says Adam Bell the head of Policy at Consultancy firm Stonehaven. Speaking to Daybreak's Caroline Hepker and Alex Webb he says extreme temperatures cause subsidence in buildings and affects rail infrastructure. He says the government needs to identify where it can invest in the short term for climate change.See omnystudio.com/listener for privacy information.

UK start-up Urban-Air Port is one of the firms hoping that so-called flying taxis take off as a business - their COO Andrea Wu speaks to Bloomberg's Caroline Hepker and Alex Webb about how soon you'll be able to hitch a cab ride through the clouds - and whether it's people or cargo that will drive the eVTOL's business.See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Chris Bryant says the move by BMW to introduce subscription charges for heated seats is similar to the pricing tactics used by airlines of charging for extras like checking in baggage. He tells Bloomberg's Stephen Carroll and Caroline Hepker that he's not against paying for extra services from carmakers, but that this charge relates to hardware that already exists in cars people have paid for.See omnystudio.com/listener for privacy information.

Kelly Beaver, CEO of polling company Ipsos in the UK & Ireland, says the public wants the new leader of the Conservative Party to be trustworthy and have integrity, as well as to understand the lives of ordinary Britons. She tells Bloomberg's Caroline Hepker and Stephen Carroll that people's priorities have changed since the 2019 election, as pessimism over the economy has risen to the highest level seen in 40 years.See omnystudio.com/listener for privacy information.

Bloomberg's Trade Tsar Brendan Murray says the latest CPI figures have reignited the debate over peak inflation in the United States, and that data released over the next two weeks will feed into deliberations at the Federal Reserve over the size of the next rate hike. He told Bloomberg's Caroline Hepker and Tom Mackenzie that the Fed's Beige Book survey is more forward-looking than the inflation numbers, as it includes companies' perception of consumer demand.See omnystudio.com/listener for privacy information.

Bloomberg's Michael Moore looks ahead to Wall Street bank earnings as volatility is expected to have helped trading revenues. But Moore tells Bloomberg's Caroline Hepker and Tom MacKenzie loan loss provisions will be closely watched given recession fears.See omnystudio.com/listener for privacy information.

Golf's four major championships have hinted that they might change the rules for players who take part in the LIV golf tournament, according to golf writer Bob Harigh. He told Bloomberg's Leigh-Ann Gerrans and Tom Mackenzie that if players were excluded from the majors, they would miss out on earning world ranking points, and may see their rankings decline. Harigh, who has written a book on Tiger Woods and Phil Mickelson, was speaking to Bloomberg Radio from the Open in St Andrew's.See omnystudio.com/listener for privacy information.