Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The artificial intelligence trade stayed on the back foot as investors rotated out of one of the year’s hottest themes and sought safety in bonds. Adding to the pressure, crude oil extended its gains. (2) French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence. (3) There's a growing divide over how much further the European Central Bank will raise rates, as oil remains above $110 a barrel. (4) Banks, airlines and governments across Europe, Asia and the Americas are pulling down websites to avoid being hacked. Artificial intelligence models helped to find vulnerabilities in a commonly used programming language called PHP. (5) UK consumer sentiment plunged in October as soaring fuel prices brought home the scale of the cost-of-living hit from the Middle East conflict. (6)…

Your morning briefing. All the news you need to start your day.On today's podcast: (1) The yield on benchmark French debt hit 5% for the first time since 2002 as rising energy prices exacerbated concern over the country’s fiscal outlook. (2) The US State Department issued an ordered departure for non-emergency personnel and their families from Saudi Arabia because of the growing threat from Houthi militants in neighboring Yemen. (3) Meta Platforms Chief Executive Officer Mark Zuckerberg told investors that a pricey wager on artificial intelligence is delivering results, setting the stage for the company to bet even more aggressively on the market (4) Tesla pulled back its spending plans after investment last quarter trailed expectations, clouding Elon Musk’s effort to transform the electric vehicle maker into an AI and robotics company (5) European car sales growth accelerated last month, extending a run of gains this year as buyers turn to electric cars, with Chinese manufacturers capturing much of the…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A recent slowdown of the SpaceX’s Starlink satellite system that enables Ukraine to fend off deadly Russian aerial assaults came from an order by Elon Musk, the company’s chief executive officer, the Wall Street Journal reported on Tuesday. (2) Volodymyr Zelenskyy sought to draw a line under the escalating feud with the US after meeting with Donald Trump’s envoys in Oslo, while the US president kept up pressure on Kyiv. (3) Elon Musk capitalized on a strong quarter of earnings at SpaceX to openly press for combining the business with Tesla Inc. in what would be the biggest merger of all time. (4) Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they’ll spend on the technology and how it will transform the economy. (5) There’s a risk the ongoing French bond rout escalates into a euro-area debt crisis that…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) German Chancellor Friedrich Merz warned against complacency over the dangers posed by Russia, saying that President Vladimir Putin is seeking to not only defeat Ukraine, but to also undermine democracy in Europe. (2) Ukrainian officials say they suspect the US is intermittently restricting intelligence sharing despite Trump administration denials, allowing Russian projectiles to strike Ukraine without warning — including in a ballistic missile attack on Sunday. (3) French protests largely died down after authorities rolled out tougher security measures, including targeted curfews, following cost-of-living protests over the weekend that degenerated into violence, vandalism and looting. (4) Vinted, a secondhand online marketplace that counts France as one of its largest markets, has seen an influx of listings suspected to contain looted items after riots broke out across the country. (5) Shares of data-center infrastructure…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) French President Emmanuel Macron said the country felt anger and shame following widespread violence over the weekend and called for order to be restored. (2) Ukrainian President Volodymyr Zelenskyy accused Donald Trump of trying to pressure Kyiv into surrendering to Russia, escalating a week-long row with the US president. (3) Russia’s Vladimir Putin proposed a meeting with President Donald Trump and China’s Xi Jinping next month to discuss ending the war in Ukraine, the Wall Street Journal reported Sunday. (4) The euro fell against most of its Group-of-10 peers as tensions in Ukraine escalated, and widespread protests in France deepened worries about the country’s fiscal health. (5) The UK set out plans for work placements in the professional services and construction sectors as ministers work to get a grip on the country’s youth unemployment crisis. (6) A couple of hundred miles along the Mediterranean coast from…

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 US housing data, with a focus on 3 stocks for the week ahead. In the UK – a look ahead to a key summit in Berlin. In Asia – a look ahead to a monetary policy decision from the Bank of Korea. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Federal Reserve Chairman Kevin Warsh did nothing to dispel market expectations that the US central bank will hold interest rates steady when it meets at the end of the month. -Bank of England Governor Andrew Bailey said there is little evidence yet of inflation becoming embedded in UK price and wage-setting. European Central Bank Governing Council member Olli Rehn said policymakers will have additional information at the final rate decision of the year, while suggesting the current policy approach is working. (2) UK Chancellor of the Exchequer John Healey is set to raise taxes on banks to fund cost-of-living support for voters and stabilize the public finances, as he looks for sources of revenue that won’t violate Labour Party campaign pledges. (3) The European Union is preparing to create new trade powers that could completely shut off access to its single market as part of a dramatic new push to cut the trade deficit…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A global equity selloff deepened as chip stocks plunged on Wall Street and in Asia, further unwinding this year’s blistering rally in the artificial intelligence trade. Treasuries gained on haven demand, while the dollar weakened. (2) Anthropic told prospective investors its third-quarter revenue hit $16.8 billion, according to people familiar with the matter, as the artificial intelligence company pushes ahead with plans to go public. (3) Ukraine will resume strikes on Russian oil refineries in response to deadly attacks by Moscow, President Volodymyr Zelenskyy told the FT. The move comes after the Ukrainian president accused US President Donald Trump and Elon Musk of restraining Kyiv’s military access to SpaceX’s satellite technology, deepening a rift between Washington and Kyiv. (4) After getting China to accept limits to its car exports, the European Union is already eyeing follow-up action in other industries —…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) An employee at OpenAI was arrested and charged with using a hidden recording device in one of the company’s San Francisco offices, according to statements from the artificial intelligence company and the US Justice Department. (2) Many of Britain’s large businesses are ready to replace staff with artificial intelligence over the next year, according to a prominent survey of chief financial officers. (3) Saudi Aramco’s executive headquarters in eastern Saudi Arabia was hit during a missile attack by Yemen’s Houthi militants on Tuesday, causing a fire in a part of the complex, the kingdom’s energy ministry said. (4) Bank of England Governor Andrew Bailey said that while the impact of the energy-cost shock from the US-Iran war on broader UK inflation has been limited so far, it’s getting harder to avoid. (5) The head of MI5 warned Britons must be resilient in the face of “escalating” Russian hybrid warfare, as the UK’s…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy equity benchmark down 7% as concerns about AI overheating and Chinese competition intensified. (2) Globally, comparisons between the subprime episode of 2008 and today’s AI investment boom are being drawn because of the yawning imbalances that underpin both. (3) Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades. (4) The International Monetary Fund said global growth should pick up next year with a boost from AI investment, but warned the world economy is nearing the limits of its resilience as the energy squeeze persists and financial risks build. (5) French high school students are set to hit the streets on Tuesday, extending their movement into a third week with no…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Saudi Arabia’s main airport came under renewed attack from Houthi rebels, a day after a strike on the facility killed 12 people and heaped pressure on the Middle East’s biggest economy as it prepares to host major events that seek to boost foreign investment. (2) President Donald Trump said Sunday that Russia and Ukraine had agreed to an “energy ceasefire” effective immediately. (3) A man who was allegedly plotting an assassination attempt on Polish Prime Minister Donald Tusk has been detained. (4) With an agreement to curb exports of hybrid vehicles to the European Union, China is betting it can sidestep harsher restrictions from the 27-member bloc with a gesture that has little immediate prospect of reshaping the overall trade relationship. (5) Anthropic PBC said its Claude AI model carried out additional unintended actions on the digital systems of outside organizations, including submitting a false tip in a police…

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 U.S bank earnings. In the UK – a look ahead to European leaders meeting in Brussels. In Asia – a look ahead to Japan's Sports 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) Mobile payments firm Airtel Money is set to start trading on the London Stock Exchange later on Friday, a listing that may mark the largest initial public offering for the bourse in five years. (2) Revolut Chief Executive Officer Nik Storonsky said he wants the digital bank to hold a primary listing in the US, if it chooses to pursue a public offering in the future. (3) Firmus Grid abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia -backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations. (4) European Commission finance chief Valdis Dombrovskis urged euro-area member states to observe budgetary restraint, pushing back against a proposal from Italy and Greece to introduce additional leeway. (5) President Donald Trump said in a social media post that the US would “not be attacking Iran” before November’s midterm…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The European Union is striking a more assertive approach to China as it heads into two days of negotiations in Beijing aimed at avoiding an economically damaging trade war. (2) Secretary of State Marco Rubio used a dramatic backdrop in Greece to remind the world of the Trump administration’s focus on the “unapologetic” pursuit of power and to issue another warning to Europe about the dangers of Western decline. (3) China managed to get a hold of parts from an F-35 stealth fighter jet after a United Parcel Service Inc. employee missed an email warning not to route the shipment through Hong Kong, according to a person briefed on the incident. (4) Oil gained after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a hurricane forced some US output to shut. (5) Samsung Electronics reported a nearly nine-fold rise in quarterly…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Beijing made its first official comments on the suspected case of pneumonic plague in Siberia, saying it’s cooperating with Russia as health concerns intensify around the world. (2) Hundreds of French high schools were shut on Tuesday as teacher unions joined a student-led movement demanding more money for education that has spread across the country and sometimes turned violent. (3) Israel marks the third anniversary of Hamas's October 7, 2023 attack on Wednesday, just weeks before an election in which the deadliest day in the country's history will be front and centre. (4) Oil gained as traders weighed increased flows through the Strait of Hormuz against a pickup in Iranian attacks against vessels. (5) On a sprawling property near the Murray River in Australia’s southeast, Andrew Russell is gearing up to harvest one of his best grain crops in years after plentiful rain. But two wars half a world away are souring what…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Hundreds of French high schools will shut Tuesday as teacher unions join a student-led protest movement demanding more money for education. (2) The cost of insuring French banks’ bonds against default has jumped above that of other European lenders as concerns about France’s fiscal and political situation spill over into credit markets. (3) Germany and France are urging the European Union to adopt new powers that could sever China or other countries from its single market, as the bloc’s two biggest economies adopt a more confrontational stance ahead of talks in Beijing. (4) President Donald Trump said fresh threats of terror attacks prompted the US to move its B-1 bombers from their base in the UK, contradicting his top diplomat who had earlier described the move as part of a regular rotation. (5) Yemen’s armed forces wrested control of the Red Sea city of Mocha on Monday after battles with the Iran-backed Houthis,…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The exodus of the uber-rich from the UK has become a £160 billion problem. That figure, calculated using data from the Bloomberg Billionaires Index, lays out for the first time the vast amounts of money and assets behind those quitting Britain. (2) France’s government now pays more than Italy or Greece to borrow for 10-years, according to Yardeni Research. (3) The Pentagon has removed bombers based at the Royal Air Force base in the UK that was at the center of a suspected attempted terrorist attack last week. (4) Yemen’s internationally recognized government launched a full-scale military campaign to recapture Houthi-held territory after weeks of escalating conflict between the Iran-backed group and Saudi Arabia. (5) The UK is preparing to impose import levies on Chinese electric vehicles to meet a key demand from the European Union, the Times of London reported, in a blow to a group that now accounts for nearly one in…

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 Mortgage data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to this year’s Nobel Prize decisions. In Asia – a look ahead to China’s Golden Week Holiday. 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 Pentagon is deploying an additional aircraft carrier and 10,000 sailors and Marines to the Persian Gulf, according to a US official, a move that gives American commanders more options if President Donald Trump chooses to escalate attacks on Iran. (2) The Trump administration is ramping up pressure on the European Union to release diesel stockpiles, a move seen potentially averting a ban on US exports of the critical fuel. (3) UK police said they arrested a sixth man, a British-Iranian dual national, in relation to an incident near an airbase used by the US to launch strikes on Iran. (4) The 10-year French bond yield risks rising toward 7% if concerns over the nation’s debt sustainability worsens, according to Fivestar Asset Management in Tokyo. (5) UK Chancellor of the Exchequer John Healey will meet banking executives next week, as the sector braces for potential tax hikes in his budget later this month. (6)…

In this special episode of the Bloomberg Daybreak Europe podcast, we break down the fresh selloff sweeping global bond markets. UK 30-year gilt yields have hit 6% for the first time since 1998, while the US 10-year Treasury yield has climbed to its highest since 2002. Bloomberg Managing Editor Rachel Evans, Bloomberg TV host Guy Johnson and Bloomberg Director of Global Economics Jamie Rushjoin Caroline Hepker and Nathan Hager to explain what's driving the moves and what they mean for markets and the global economy. 10 Reasons Investors Are Driving Government Bond Yields Higher 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 pilot of a jet carrying more than 170 passengers to Tel Aviv stabbed his colleague and tried to crash the plane in what Israeli Prime Minister Benjamin Netanyahu branded a serious security incident. (2) The UK’s domestic security service MI5 accused a Chinese academic institute of spying on Britain’s artificial intelligence research. (3) France’s government is set to unveil plans to narrow the budget deficit sharply, kicking off a debate that risks toppling the prime minister and stoking investor concern over the country’s debts. (4) Italian Prime Minister Giorgia Meloni said she plans to ask the European Union for greater fiscal flexibility after the region’s top economies showed a surge in inflation caused by high energy prices. (5) Britain’s Labour government is falling behind on its ambition to borrow more money from regular savers, potentially raising the amount it needs to raise from gilt markets. (6) Swiss…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Andy Burnham set out a radical vision to change the country in a keynote speech to the Labour Party's annual conference, taking on controversial issues such as reversing Brexit and changing Britain's electoral system. (2) The latest official figures showed there were 45,000 more 16-24 year-olds leaving than arriving in the UK in 2025, with many young people looking abroad for opportunities due to a challenging labor market. (3) Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan and Goldman Sachs (4) President Donald Trump endorsed using outside auditors to assess the safety of artificial intelligence systems through an accord with Silicon Valley leaders that seeks to sidestep new government rules in addressing a groundswell of concern over AI risks. (5) Jordan Bardella, the head of the far-right National Rally, said…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, threatening to prolong the war’s energy shock. John Authers: What’s Going to Break in the Bondpocalypse? A negative surprise in upcoming US data might be the only thing to arrest bonds’ slide. (2) The UK government is privately lobbying the Trump administration for an exemption from any potential US diesel export ban. (3) Andy Burnham will set out his pitch for honest political debate as the antidote to populism as he reveals his plans for taking on thorny issues, from Britain’s expensive social care system to its creaking water infrastructure. (4) Rising bond yields will curb economic expansion and limit the transfer of elevated energy costs to inflation, European Central Bank President Christine Lagarde said. (5) The global AI industry needs to earn $6 trillion in annual…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) UK police were investigating a potential terrorism incident after five men were arrested near an air base used in US strikes on Iran, with President Donald Trump saying the suspects were “looking to do big damage” to the facility. (2) As Britain’s governing Labour Party gathers in Liverpool for its annual conference, one notable figure is trying to maintain a low profile: Chancellor of the Exchequer John Healey. (3) Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won’t soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal. (4) The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out. (5) One in six companies in western Europe is under financial strain as rising leverage leaves businesses more vulnerable to…

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 September jobs report with a focus on 3 stocks for the week ahead. In the UK – a look ahead to UK Prime Minister Andy Burnham's plans ahead of his first conference as Labour Party leader. In Asia – a look ahead to the coming decision from the Reserve Bank of Australia. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions. (2) NATO Secretary General Mark Rutte said a shortage of oil refining capacity in Europe could leave the continent exposed in the event of a war. (3) As yields on US Treasuries soar past one high after the next, a reality is sinking in deeper across Wall Street and Washington: More than merely a bond-market slump, this might just be a fundamental shift. (4) France’s far-right leader Marine Le Pen indicated she may refrain from trying to topple the government over the 2027 budget to avoid a bond market crisis and to give her more leeway to make tax and spending changes if she’s elected president in May. (5) Luminaries from Wall Street and Silicon Valley joined President Donald Trump for a state dinner honoring his…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in America for his first state visit in eleven years. (2) The Chinese government has taken possession of potentially sensitive F-35 stealth aircraft parts that were inexplicably diverted to Hong Kong while being sent to the US from Australia, people briefed on the incident said. (3) Canadian Prime Minister Mark Carney said he’d looked at “extreme tail risk” when asked by the New York Times about whether he’d taken seriously the risk of US military action against his country. (4) An OpenAI model hacked an Australian government website earlier this year, marking one of the first known cyberattacks by AI on a government database. (5) Meta Platforms unveiled a palm-sized, dedicated gadget for using Muse, the company’s popular new artificial intelligence assistant, pushing deeper into the AI…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) President Donald Trump said US officials had “very good” talks with Iranian envoys in New York, reviving fragile hopes for a new diplomatic off-ramp hours after he again threatened to annihilate the country. (2) US President Donald Trump criticized a UK deal over the Chagos Islands during his first-face-to-face meeting with Prime Minister Andy Burnham, dealing a blow to the British leader in an otherwise warm encounter. (3) Donald Trump dismissed calls for an international agreement to put guardrails around the development of artificial intelligence, brushing off concerns about the dangers of frontier models going rogue. (4) With next month’s budget looming, an influential group of backbench MPs has mooted a solution to the shortsightedness besetting UK policy making. (5) Traders are shielding themselves from the possibility that the Federal Reserve raises interest rates less than markets are currently pricing in. (6) The…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Global AI stocks rallied, with Taiwanese shares returning to a record high, as early signs of success for Meta Platforms Inc.’s personal agent revived optimism over demand for chips. (2) The UK has agreed to support Saudi Arabia’s military in countering the Houthis, as the kingdom comes under frequent attack from the Iran-backed militants. (3) French President Emmanuel Macron said he discussed the idea of a moratorium on deep strikes against energy assets between Ukraine and Russia at a meeting with Donald Trump in New York. (4) The UK has agreed to support Saudi Arabia’s military in countering the Houthis, as the kingdom comes under frequent attack from the Iran-backed militants. (5) China and the EU should find a way to avoid a confrontation over trade, Foreign Minister Wang Yi said — comments that come as a deadline to find solutions to the two sides’ differences approaches. (6) During the Cold War, the Soviet Union’s…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Friedrich Merz said he would stay put as German chancellor even after his party suffered its worst-ever result in a state election, with a tally showing the conservatives crashing out of a regional assembly for the first time in the country’s post-World War II history. (2) US Treasury Secretary Scott Bessent lauded “very successful” talks with his Chinese counterparts on artificial intelligence, trade and investment, while China described the discussions as positive ahead of this week’s summit between leaders Donald Trump and Xi Jinping. (3) Ukrainians are already drawing up contingency plans for what threatens to be the worst wartime winter yet. (4) Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent was “wrong” when he said that the strategic Strait of Hormuz will be worthless in two years. (5) Citigroup Chief Executive Officer Jane Fraser said that companies are racing to build up their defenses…

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 upcoming home building data In the UK – we preview elections in Germany In Asia – we discuss President Xi's visit to the US this week 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 Bank of Japan raised its benchmark interest rate in a split decision showing dissent within the board as it confronts mounting inflation risks and unusually explicit calls for further policy normalization from Washington. (2) The European Central Bank must get inflation under control as failing to do so would endanger economic expansion, Governing Council member Ante Zigman warned. (3) After the early optimism of Andy Burnham’s premiership, the UK’s new prime minister now finds himself right where he didn’t want to be: at the mercy of bond markets. (4) DoubleLine Capital chief executive Jeffrey Gundlach warned that the next US downturn could trigger a debt crisis that sends long-term Treasury yields sharply higher — defying decades of conventional wisdom that bonds will always serve as safe haven during times of economic strife. (5) The Trump administration will allow the core members of an Iranian delegation to…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A year ago, when Kevin Warsh was angling to lead the Federal Reserve, he called out the central bank for keeping interest rates too high and touted a technological revolution that would spur growth without driving inflation. (2) The Bank of England is expected to hold interest rates as it waits for more evidence that a fresh bout of inflation risks a damaging wage-price spiral. (3) Britain’s monarch plans to ask some of the most critical figures in artificial intelligence for reassurances the technologists can keep their inventions under control. (4) President Donald Trump floated hitting goods imported from the European Union with fresh tariffs or even cutting off some trade if he determined that a push to make Canada a potential associate of the bloc was harmful to the US. (5) Europe is set for one of its smallest ever potato harvests after a succession of heat waves and lingering drought battered the water-hungry…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Tensions between Russia and Europe are intensifying after a string of security incidents across the continent. The growing tensions between the EU and Russia come as Ursula von der Leyen delivers her State of the European Union speech this morning (2) Senior Trump administration officials met Tuesday with Anthropic PBC’s top Washington executive to discuss artificial intelligence safety risks. (3) The Federal Reserve is expected to lift interest rates on Wednesday for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank. (4) Prospects for an extension to the US-China trade truce are solidifying as the two sides discuss slashing tariffs on goods including American energy and agricultural products ahead of the leaders’ summit next week. (5) Swiss voters are set to reject a proposal to tighten the country’s neutrality this month,…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Nvidia Chief Executive Officer Jensen Huang took a live phone call from Donald Trump during a panel discussion Monday, allowing the US president to dismiss artificial intelligence dangers as a “hoax.” (2) The US 10-year Treasury yield surpassed 5% for the first time since 2023 on Monday, as mounting inflation angst collided with swelling government and corporate borrowing needs. (3) President Donald Trump’s daughter-in-law said a Russian oligarch paid for “two incredible nights of celebration” in the Bahamas after her wedding to Donald Trump Jr. but was not involved in the actual nuptials, amid fresh ethics questions involving the first family. (4) President Donald Trump and Ukraine offered differing accounts of a supposed agreement with Russia to stop attacks on energy infrastructure, as strikes on oil refineries help drive diesel prices to record levels. (5) The US Supreme Court refused to clear the Postal Service to…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) OpenAI CEO Sam Altman has stepped up calls to slow the development of the most powerful AI systems, putting him directly at odds with President Trump. Writing on social media this morning, Altman said no amount of American competitive pressure should justify recklessness. (2) Sweden’s election will go down to the wire, the tightest in its history, and one that will hinge on the complete counting in coming days of late-arriving ballots and votes from overseas. (3) Oil pushed higher as Saudi Arabia’s closure of a major crude pipeline following attacks jolted the market, with the move disrupting a route that’s been key to bypassing the Strait of Hormuz during the US-Iran war. (4) The locomotive of a passenger train traveling from Kyiv to Warsaw was hit by a Russian drone just kilometers from the Polish border on Sunday morning. The attack happened minutes after another train carrying European officials including former…

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 Sweden’s general election. 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) Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. (2) Brent oil traded near $108 barrel after fighting between Yemen-based Houthi militants and Saudi-backed forces intensified, stoking fears of deeper supply disruptions as hostilities escalated across the Middle East. (3) European Central Bank officials expect to raise interest rates further, with another increase possible as soon as next month, according to people familiar with the situation. (4) OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping other AI companies will do the same. (5) Billionaire financiers Mark Walter and Todd Boehly are nearing a deal to sell their stakes in Chelsea FC to majority owner…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Traders are boosting bets on interest-rate hikes from the European Central Bank and the Bank of England as climbing energy prices threaten to keep inflation entrenched through the coming year. (2) Iran is ready for a more intense war and will escalate counterstrikes if the US continues attacking its territory and infrastructure, according to a senior official from the Islamic Republic. (3) Apple unveiled the company’s first foldable smartphone during a wide-ranging event Wednesday, betting that a new category can energize growth for its biggest-selling lineup. (4) An unprecedented number of US companies sold bonds in Europe on Wednesday, drawn by liquidity and attractive terms as their home market strains under a deluge of AI-related debt. (5) Jimmie Åkesson won’t become prime minister in coming elections in Sweden but in a way he’s already won. For more than a decade now, the 47-year-old far-right populist has been…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting Japan’s currency, saying when he makes market calls these days he’s effectively doing so with inside information. (2) US forces destroyed five Iranian tankers carrying crude oil on Tuesday in response to two attempts to hit a US Navy warship with ballistic missiles in as many days, Central Command said. (3) The UK, France, Canada and other countries announced coordinated measures against Israeli settlements in the West Bank, as western nations sought to raise pressure on Prime Minister Benjamin Netanyahu’s government. (4) The US escalated its trade war with Canada following Ottawa’s tariff retaliation, moving to block imports of some products while slapping new tariffs on others, as well as seeking to bar Canadian companies from selling to government contractors. (5) The Melville Sugar Mill in South Africa's KwaZulu-Natal province has…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) UK Prime Minister Andy Burnham’s government is expected to ban trade with Israeli settlements in the West Bank on Tuesday as he seeks to adopt a stronger policy on an issue that’s important to his governing Labour Party but may anger US President Donald Trump. (2) Brent oil is closing in on $100 a barrel as traders watch for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, while strong Chinese buying tightens the market. (3) Mistral AI has raised €3 billion ($3.5 billion) at a valuation of more than €21 billion from investors led by Samsung Electronics Co. to fund the development of artificial intelligence models and build computing infrastructure. (4) OpenAI’s top scientist has warned that artificial intelligence is evolving so rapidly that it is becoming increasingly difficult for humans to understand and control, and said he expects AI labs to voluntarily slow development for safety…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The far-right Alternative for Germany scored its best-ever result in a state election on Sunday amid growing public discontent with the political establishment, delivering a powerful blow to Chancellor Friedrich Merz. (2) Russian Foreign Minister Sergei Lavrov accused Germany of moving toward a direct confrontation with Russia as he criticized Berlin’s decision to close some diplomatic offices after a drone incident at Leipzig airport. (3) Ukraine is resigned to Russia’s war dragging on through another tough winter and is looking for a “package” from allies that would cover air defense reinforcements as well as energy, including US LNG. (4) Iran and the US carried out what appeared to be their largest tit-for-tat tanker strikes yet over the weekend, pushing oil prices higher as both nations continue to escalate a six-month war that has disrupted shipping and stoked global inflation. (5) John Healey plans to put regional…

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 CPI and PPI reports and a focus on 3 stocks for the week ahead. In the UK – a look ahead to the next decision from the European Central Bank. In Asia – a look ahead to the 18th BRICS Summit in India. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Volkswagen's supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker. (2) Reform UK leader Nigel Farage’s hopes of using a keynote speech at his party’s annual convention to arrest a slide in opinion polls were upended after two of his closest allies were covertly filmed discussing avoiding electoral law to secure foreign donations. (3) OpenAI Chief Executive Officer Sam Altman says top artificial intelligence developers have fumbled at communicating the benefits of the technology, leaving the industry vulnerable to growing backlash from communities around the world. (4) South Korea has begun preparations for a possible deployment of a naval support ship and troops to the Strait of Hormuz, local media reports said, as President…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Europe is nearing the end of summer with a low natural gas buffer, threatening to intensify a global fight for supply. (2) As Britain’s borrowing costs rise and hostilities flare between the US and Iran, the sums for Chancellor of the Exchequer John Healey’s debut budget are getting trickier by the day. (3) European officials vowed to boost Ukraine and penalize Russia as tensions flared following Germany’s accusation that Moscow tried to sabotage a local airport. (4) Broadcom predicted a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.’s dominance in the lucrative market. (5) Driverless taxis have been operating in US cities like San Francisco and Los Angeles for a while now, but the higgledy-piggledy, rainy streets of London present a far greater challenge. Podcast Conversation: Does Splurging on Joy Give You a Guilt Hangover? See…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The yield on 30-year US government bonds climbed back to levels seen just before Treasury Secretary Scott Bessent expanded a buyback program in an effort to contain long-term borrowing costs. (2) UK Prime Minister Andy Burnham was confronted by the harsh reality of Britain’s weak public finances on his return to parliament on Tuesday as the global selloff in government bonds left him facing a £12 billion problem (3) The conflict between the US and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and Iran saying it had retaliated. (4) Treasury Secretary Scott Bessent said China prevented the Group of 20 from issuing a joint communique after a gathering of finance and central bank chiefs this week due to a dispute over its giant trade surplus. (5) Nvidia is in advanced talks to acquire artificial intelligence startup Hugging Face in a transaction that may total about $14 billion, according…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) US Army Secretary Dan Driscoll is stepping down after repeated clashes with his boss, Pete Hegseth, leaving the service without several top leaders even as the conflict with Iran continues. (2) Shein struggled in its Hong Kong debut after a years-long process to an initial public offering that eventually valued the company at a fraction of what it was once worth and still left investors questioning its value as consumer play. (3) US Treasury Secretary Scott Bessent told Japanese Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that the Asian country’s next step should be to raise interest rates, NHK reports, citing an interview with a US official. (4) Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia , part of an effort to quickly expand its AI capacity, according to a person familiar with the matter. (5) Superstar Lionel Messi announced his retirement…

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The US and Iran exchanged strikes for the first time in about a month as American forces hit Iranian rocket launchers and the Islamic Republic responded by firing missiles toward Jordan. (2) President Donald Trump’s plan to seize direct control of Venezuela’s oil reserves is prompting warnings that the Latin American nation will become a modern-day resource colony akin to the so-called banana republics of a century ago — something that could create long-term risks for oil companies operating there. (3) Bond investors at firms including ABN AMRO Investment Solutions and Brandywine Global Investment Management are voicing skepticism about mounting speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates. (4) Icelanders narrowly turned down reopening membership talks with the European Union in a divisive referendum, as concerns over retaining control of the island nation’s natural resources…

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 August jobs report and a focus on 3 stocks for the week ahead. In the UK – a look ahead to state elections in eastern Germany. In Asia – a look ahead to South Korea inflation data. 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 chorus of investors is urging Federal Reserve Chairman Kevin Warsh to provide a strong rebuke of high inflation to boost the long end of the Treasury market. (2) Federal Reserve officials continue to send mixed signals on their outlooks for inflation, with some arguing higher interest rates are needed to tame prices while others signaled less urgency. (3) France’s first presidential election debate was largely consumed by bickering among the candidates on how to deal with the country’s swelling debt, including a dispute over a far-left proposal to simply cancel a portion of it. (4) Nvidia added $442 billion to its market value on Thursday in the second-largest one-day gain by any stock in history. (5) The Trump administration must lift its ban on Anthropic's artificial intelligence technology for federal agencies, a US judge ruled. (6) President Donald Trump announced he was moving to rename Lake Ontario as Lake…