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Bloomberg Daybreak: Europe Edition

Bloomberg News

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

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United States

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Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

Language:

English


Episodes
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UK Inflation Upside Surprise & Nvidia Earning Expectations

5/22/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:24

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ICC Seeks Netanyahu War Crimes Charge & Scarlett Johansson's Open AI Clash

5/21/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:36

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Iran's President and Foreign Minister Killed In Helicopter Crash

5/20/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:15:14

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Daybreak Weekend: Nvidia Earnings, G7 Meeting, Taiwan President

5/18/2024
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Duration:00:38:15

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China's Growing Economic Challenge & Europe's Shaky Energy Bet

5/17/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:28

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Slovak PM Assassination Attempt & Russia-China 'Generational' Relationship

5/16/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:14:31

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China May Buy Unsold Homes & Powell Doubles Down

5/15/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:49

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France's Macron Floats Big Bank Takeovers In Exclusive Interview

5/14/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:28:54

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Putin Defense Changes & Europe's Gas Monopoly

5/13/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:18

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Daybreak Weekend: US Inflation Data, Choose France Summit, China Tech Earnings

5/11/2024
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. See omnystudio.com/listener for privacy information.

Duration:00:38:23

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UPDATE: The UK's Recession Is Over, Biden Weighs China Tariffs, & Netanyahu's Defiant Warning

5/10/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:43

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Biden Weighs China Tariffs, Netanyahu's Defiant Warning, & BOE's Market Consensus

5/10/2024
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.

Duration:00:16:31

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BOE Weighs Cut Timing, Apple's Succession Plan & Biden's Israel Warning

5/9/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:45

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US Pauses Israel Bomb Shipment, UK Military Hack & Huawei Chip Clampdown

5/8/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:14

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Blowout UBS Results, Israel Rejects Hamas Cease-Fire & Job Change Unhappiness

5/7/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:50

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Daybreak Weekend: Disney Earnings, BOE Meeting, Xi in Europe

5/4/2024
loomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. See omnystudio.com/listener for privacy information.

Duration:00:38:34

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Tory Election Losses, Apple's $110 Billion Buyback & Goldman Scraps UK Bonus Cap

5/3/2024
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.

Duration:00:15:46

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Fed Higher For Longer, Yen Swings & Tesla Pulls Internships

5/2/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:16:13

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Instant Reaction: Jay Powell on Fed Policy

5/1/2024
Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision See omnystudio.com/listener for privacy information.

Duration:00:26:38

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Fed Cut Delay Likely, Yentervention & Sunak's Comeback Bid

5/1/2024
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. See omnystudio.com/listener for privacy information.

Duration:00:15:34