Bloomberg Daybreak: Europe Edition

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.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. 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.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 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.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 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.See omnystudio.com/listener for privacy information.

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.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 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. 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 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. 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 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.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. 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.See omnystudio.com/listener for privacy information.

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. 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 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. 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 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. See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. 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. 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. See omnystudio.com/listener for privacy information.

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. 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 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. 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 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.See omnystudio.com/listener for privacy information.

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.” See omnystudio.com/listener for privacy information.

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 . 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.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. See omnystudio.com/listener for privacy information.

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. 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 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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. 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 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.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. 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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.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 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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.