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Bloomberg Daybreak: Europe Edition

Bloomberg Daybreak: Europe Edition

1,119 episodes — Page 2 of 23

Gas Price Jumps 35%, Energy Inflation Fears, Navigating War Insurance

Your morning briefing. All the news you need to start your day.On today's podcast:(1) European natural gas prices surged after Iranian missile strikes caused damage to the world’s largest liquefied natural gas export plant, stoking concerns about prolonged tightness in global supplies.(2) A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” amid a sharp escalation of attacks on energy facilities across the Persian Gulf.(3) President Donald Trump pressed for a de-escalation of attacks on Middle East energy assets after Iranian and Israeli strikes on major gas hubs jolted global markets.(4) Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East.(5) The Bank of Japan kept its policy rate unchanged as uncertainty surrounding the Middle East conflict clouds the economic outlook, while also pledging to raise borrowing costs if its price forecast materializes.(6) The Bank of England may respond more aggressively than expected to soaring energy prices since war broke out in the Middle East because its internal models assume a large and long-lasting impact on inflation.(7) UK unemployment held steady and employers hired more staff in early signs that the labor market may be stabilizing ahead of the Bank of England’s interest-rate decision later today.Podcast Conversation: Iran’s Hormuz Blockade Leaves Stranded Crews Braving Missiles and Signal JammingSee omnystudio.com/listener for privacy information.

Mar 19, 202632 min

Europe Says No To Trump, Iran Diplomacy Hope Dims, Cathie Wood Talks AI & War

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US President Donald Trump abandoned his effort to recruit partners for the war with Iran and scolded allies who openly rejected his appeals, even as he repeated claims the conflict would end soon.(2) Europe is learning how to say “no” to Donald Trump over his war in Iran. Nearly three weeks into the expanding conflict, European leaders have stopped equivocating and started outright telling the US president they won’t help his campaign with Israel.(3) Israel’s killing of Ali Larijani, a veteran Iranian politician known for his pragmatism and long experience helming national security, leaves the Islamic Republic’s wartime leadership largely in the hands of hardliners who may be less likely to seek a diplomatic pathway out of the war.(4) Oil dropped as Iraq signed a deal to resume exports via Turkey that avoid the Strait of Hormuz, and as the US stepped up efforts to force the reopening of the key waterway.(5) Artificial intelligence won’t necessarily lead to job cuts in Europe and may benefit companies in the region, according to Bundesbank President Joachim Nagel.(6) Chancellor of the Exchequer Rachel Reeves said she is drawing up plans to give regional leaders in the UK control of some national tax revenues as part of her push to raise economic growth across Britain.Podcast Conversation: Why a $1,000 Jacket Puts Designer Todd Snyder at the Sweet SpotSee omnystudio.com/listener for privacy information.

Mar 18, 202623 min

Iran Bombs Energy Supplies, Nvidia'a $1T AI Forecast, Market Complacency

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Iran stepped up attacks on energy infrastructure around the Persian Gulf and set a massive gas field ablaze, adding more pressure to an increasingly fraught global fuel supply situation.(2) President Donald Trump reiterated his appeals for other nations to help secure the Strait of Hormuz, saying Iran was nearly obliterated even as the war keeps roiling oil markets and global shipping.(3) President Donald Trump requested a delay to his summit with Chinese leader Xi Jinping for about a month, saying it was important for him to remain in Washington to oversee the Iran war.(4) European natural gas prices will be a whopping 40% higher than previously projected for 2026 and will stay elevated through 2027 as the Iran war and closure of the Strait of Hormuz set off a supply shortfall, according to a report from HSBC.(5) Default rates in direct lending will climb to 8% as advances in artificial intelligence continue to disrupt the software industry, according to Morgan Stanley.(6) Nvidia Chief Executive Officer Jensen Huang, addressing crowds at the company’s biggest annual event, unveiled a variety of new products while predicting that its flagship AI processors would help generate $1 trillion in sales through 2027.Podcast Conversation: Ireland Woos Trump in St. Patrick’s Day Charm OffensiveSee omnystudio.com/listener for privacy information.

Mar 17, 202621 min

Trump ‘Demanding’ Help, Iran Tests NATO Defences, Global Fuel Crisis

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US President Donald Trump said he is “demanding” that other countries contribute to the defense of the Strait of Hormuz as it remains effectively closed to oil tankers.(2) As the US-Israeli war on Iran enters its third week, pressure is growing on the person in the best position to end it: Donald Trump.(3) About 750 miles (1,200 kilometers) from Tehran, high in the Turkish mountains, lies NATO’s frontline of defense against a Middle East at war.(4) The Iran war threatens to deal significant blows to the Gulf’s biggest economies, including Saudi Arabia, the United Arab Emirates and Qatar, if it doesn’t end soon.(5) The UK government is preparing targeted support to help lower-income households with soaring energy bills as oil prices, fueled by the Iran war, exceed $100 a barrel.(6) Socialist candidate Emmanuel Gregoire topped the first round of the Paris mayoral election Sunday as the left seeks to extend its quarter-century rule over the French capital.Podcast Conversation: ‘One Battle After Another’ Wins Oscar for Best Picture See omnystudio.com/listener for privacy information.

Mar 16, 202618 min

Bonus Episode: Here's Why the Iran War Could Hinge on Missile Math

We’re sharing something a little different in the Daybreak Europe feed today, the the latest episode of Here’s Why  hosted by Stephen Carroll.While Daybreak Europe brings you the essential news each morning, Here’s Why takes one major global story each week and explores the deeper context behind it. In this episode, Stephen is joined by Becca Wasser, Defense Lead at Bloomberg Economics, to examine the Iran war as it shifts into a more sustained military campaign. As strikes continue across the region, they discuss weapons supply, defensive capacity and what the pace of operations could mean for how the conflict unfolds. If you want more episodes search for Here’s Why and subscribe wherever you get your podcasts. New episodes are released every week. See omnystudio.com/listener for privacy information.

Mar 15, 20269 min

Daybreak Weekend: Fed Meeting, Europe Central Bank Decisions, Takaichi-Trump Meeting

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to next week’s monetary policy decision from the Federal Reserve and a focus on 3 stocks for the week ahead. In the UK – a look ahead to the Bank of England and European Central Bank decisions. In Asia – a look ahead to Japanese Prime Minister Sanae Takaichi’s meeting with President Donald Trump in Washington. See omnystudio.com/listener for privacy information.

Mar 13, 202639 min

Russia Helps Iran Strikes, War Breaks Market Plans, EU Counts Conflict Cost

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US has issued its second authorization for buyers to take Russian oil cargoes already at sea, widening a temporary waiver given last week to India alone in an effort to ease pressure on prices as the war in the Middle East continues.(2) Brent oil traded near $100 a barrel following one of the most volatile trading weeks ever, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz effectively shut.(3) The number of Iranian missile launchers has held steady after a week of unrelenting airstrikes, according to Israeli and western estimates, indicating the difficulty of finding small, mobile targets without having complete control of the skies.(4) A KC-135 refueling plane that was part of the American military campaign against Iran crashed over western Iraq after an incident involving another plane, US Central Command said Thursday night.(5) The basic assumptions that have underpinned hedging strategies for decades are coming undone by the escalating war in Iran.Podcast Conversation: America’s Decade-Long AI War Efforts Get a Trial by Fire in IranSee omnystudio.com/listener for privacy information.

Mar 13, 202617 min

Tanker Attacks Spike Oil, US-EU Trade Probe, Asia Faces Energy Crunch

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Brent jumped back above $100 a barrel after the Iran war led to more shipping turmoil in the Middle East and China tightened fuel export curbs to cope with the impacts of the conflict.(2) President Donald Trump said the massive release of emergency oil reserves approved by the International Energy Agency would ease energy price pressures while the US seeks to “finish the job” in its campaign against Iran.(3) Goldman Sachs and Citigroup have told staffers in Dubai to stay away from their offices as Iran’s attacks on Gulf cities continue.(4) The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period.(5) President Donald Trump’s administration started the first of several sweeping trade investigations that set the stage for new tariffs, the centerpiece of a push to replace levies struck down by the US Supreme Court.(6) Prime Minister Keir Starmer appointed Peter Mandelson as US ambassador despite an official vetting process that warned his ties to disgraced financier Jeffrey Epstein entailed “reputational risks.”Podcast Conversation: Netflix is making a big investment in AISee omnystudio.com/listener for privacy information.

Mar 12, 202616 min

Gigantic Oil Release Report, Hormuz Strait Mine Threat, Hedge Funds Lose $1.5B

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The International Energy Agency has proposed the largest ever release of oil reserves, according to the Wall Street Journal, as governments seek to contain a spike in energy prices driven by the Middle East war.(2) President Donald Trump warned Iran against laying mines in the Strait of Hormuz and threatened to blow up any ship attempting to do so, underscoring his determination to get oil flowing through the vital waterway after almost two weeks of war.President Donald Trump warned Iran against laying mines in the Strait of Hormuz and threatened to blow up any ship attempting to do so, underscoring his determination to get oil flowing through the vital waterway after almost two weeks of war.(3) Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran.(4) The European Central Bank will ensure the war in Iran doesn’t inflict the same inflation pain on the euro zone as Russia’s invasion of Ukraine did, according to President Christine Lagarde.(5) The cost of meeting net zero is less than a single fossil fuel price shock, the UK’s official climate adviser said.(6) According to a stinging barb from Donald Trump, Britons are being led by a Prime Minister who is no Winston Churchill. Soon they will have to cope without the popular wartime leader on their banknotes too.(7) Some of the world’s biggest hedge funds known for their steady returns suffered hundreds of millions of dollars in losses last week after the war against Iran triggered wild market moves and hit portfolios across the industry.Podcast Conversation: Travel Problems Aren't Just Centered on DubaiSee omnystudio.com/listener for privacy information.

Mar 11, 202618 min

Trump: War To End 'Soon', Oil Prices Plunge, Global Inflation Fears

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump said he would waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted on Monday that the war with Iran would resolve “very soon” as he confronted mounting economic and political pressure and days of dramatic fluctuations in oil markets.(2) Oil tumbled after US President Donald Trump said the Iran war will end soon, as he faces mounting pressure over the conflict that’s upended global energy markets and sparked concerns about an inflation crisis.(3) Russian President Vladimir Putin and his US counterpart Donald Trump discussed Iran in their first phone talk this year.(4) Until last month, airlines couldn’t get new aircraft fast enough, with both Airbus and Boeing struggling to keep up with surging demand. The 11-day war in Iran has upended that outlook(5) The Bank of England faces the prospect of UK inflation rebounding to as high as 5%, with traders ramping up bets on a reversal of recent cuts to interest rates.Podcast Conversation: Enough Cool Heads Are Pulling Back From the BrinkSee omnystudio.com/listener for privacy information.

Mar 10, 202616 min

Oil Comes Close To $120, Iran War Market Selloff, Khamenei’s Son New Leader

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Oil soared above $100 a barrel as more major Middle East producers curbed production, the Strait of Hormuz remained all but closed, and the US threatened to deepen a conflict that has upended energy markets.(2) Equities tumbled and a global bond selloff deepened as crude oil surged above $100 a barrel for the first time since 2022, with the US-Israeli war against Iran showing no sign of easing and both sides appearing set to prolong the conflict. The dollar rose.(3) Iran named the son of the late Ayatollah Ali Khamenei as its new supreme leader and President Donald Trump called $100 oil a “small price to pay,” with neither side showing any sign of deescalating a war now entering its 10th day.(4) President Donald Trump is weighing the option of deploying special forces on the ground to seize Iran’s near-bomb-grade uranium, as officials grow increasingly concerned the stockpile may have been moved, according to three diplomatic officials briefed on the matter.(5) UK Prime Minister Keir Starmer raised the prospect of intervening to help households with soaring energy bills as oil prices hit $100-a-barrel for the first time since 2022, with little sign that the war in Iran is nearing resolution.(6) Chancellor Friedrich Merz suffered a setback when his conservatives lost a regional election to the Greens, a stinging blow for the unpopular German leader compounded by a jump in support for the far right.See omnystudio.com/listener for privacy information.

Mar 9, 202616 min

Daybreak Weekend: US CPI, Paris Nuclear Talks, Vietnam Elections

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to Paris nuclear talks. In Asia – a look ahead to legislative elections in Vietnam. See omnystudio.com/listener for privacy information.

Mar 6, 202638 min

Iran Attacks Sweep Gulf, US OK’s Russia-India Oil, Dubai Braces For Fallout

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A barrage of Iranian missiles and drones targeted at least five countries across the Middle East, prompting several governments to urge their citizens to take shelter, while Israel carried out a 12th wave of airstrikes on Tehran and the US suspended operations at its embassy in Kuwait. (2) The US has cleared the way for India to temporarily increase its purchases of Russian oil, reversing months of pressure on the world’s third-largest crude importer as an escalating conflict in the Persian Gulf upends energy flows.(3) As Dubai residents sat on their balconies watching Iranian missiles being intercepted, London-based recruiter Ashwin Anil started getting calls and texts from prospective hires contemplating a move to the Gulf metropolis. Half of them were now having doubts. (4) For years, Europe has endured President Donald Trump’s complaints that it is a complacent continent hiding under America’s security umbrella. Now, as he launches the first open-ended military campaign of his presidency, its leaders find themselves holding something he still needs: their bases, airspace and strategic geography.(5) US military forces are turning to a range of artificial intelligence tools to quickly manage enormous amounts of data for operations against Iran, according to US Central Command, highlighting the emerging technology’s growing role in warfare.(6) Nvidia has long been the world’s AI kingmaker. Now, the Trump administration is considering taking a formal role in the industry that would include similarly sweeping powers.Podcast Conversation: Hormuz Is the Hidden Risk to the AI EconomySee omnystudio.com/listener for privacy information.

Mar 6, 202619 min

Chaotic War Endgame Fear, Iran Drone-Missile Math, China Lowers Growth Target

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump expressed confidence in the US military campaign against Iran even as the timeline for operations remained deeply unclear on the fifth day of the Middle East war.(2) Real change in Iran will require a sustained US military focus in the Middle East that could wear down US weapons stockpiles and leave it vulnerable to attacks from other adversaries such as Russia and China, former Secretary of State Antony Blinken said.(3) Oil extended gains as the US and Israeli war against Iran disrupted crude flows to key importers, with the combatants vowing to press on with the conflict and top importer China seeking to conserve fuel.(4) The financial and logistical troubles the Iran war is causing for the global aviation industry are compounding by the day, with the number of canceled flights to Middle East hubs surpassing 23,000 since fighting began.(5) China set its most modest growth target since 1991, a tacit acknowledgment that the model powering the country’s economic rise is showing strains.(6) Anthropic chief Dario Amodei has resumed discussions with the Pentagon about the way its AI models are used by the US military, raising the possibility that the two sides can resolve a feud that’s transfixed Silicon Valley.Podcast Conversation: Billionaire Sitting On 16,000 Kilos of Gold Says Price Will RiseSee omnystudio.com/listener for privacy information.

Mar 5, 202621 min

Iran War Missile Waves, Oil Escort ‘Sitting Ducks’, US-Europe Ties Splinter

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US-Israeli war against Iran shows no signs of easing this morning as more countries face being drawn into the conflict in the Middle East.(2) President Donald Trump’s war with Iran threatens to deal a severe blow to a global economy still grappling with the impact of his historic tariff hike. For Europe, sustained higher energy prices would take the economy to the brink of recession.(3) Chancellor of the Exchequer Rachel Reeves said the UK shouldn’t sacrifice its principles for more favorable trading terms with the US, as she stood by the government’s decision to withhold British backup for the American-Israeli assault on Iran.(4) Donald Trump said he will “cut off all trade with Spain” after the country denied access to its military bases for his bombing campaign against Iran, spurring a sharp rebuke from Madrid that the US president must respect international trade agreements.(5) German Chancellor Friedrich Merz said he intended to discuss with President Donald Trump the next steps in the war on Iran amid questions about the US administration’s endgame after it launched strikes on the Islamic Republic.(6) Europe has found itself pulled into another war, scrambling to protect Cyprus at a moment of weakness.Podcast Conversation: ‘OK, Time to Go’: Cabs, Cash and Twisted Routes to Escape DubaiSee omnystudio.com/listener for privacy information.

Mar 4, 202619 min

Exclusive: Rachel Reeves on Iran Shock, US Trade & Inflation Risks

Chancellor Rachel Reeves says Britain shouldn’t sacrifice its principles for more favorable trading terms with the US, as she discusses the UK's economic future. The chancellor sat down with Bloomberg's Head of Economics and Government Stephanie Flanders after issuing her Spring Statement on Tuesday, as she seeks to convince markets and voters that Britain’s public finances are resilient enough to weather the fallout from the conflict in Iran and rising global energy prices.See omnystudio.com/listener for privacy information.

Mar 3, 202625 min

Iran War Without Timeline, Energy Shock Inflation Threat, Airlines Stranded by War

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US sent conflicting messages about how long a war with Iran might last as Israel launched new airstrikes on Monday, with the widening conflict reverberating across the Middle East and upending energy markets.(2) Just three days into the conflict, the Iran war has become attritional. Waves of drone attacks by the Islamic Republic are putting pressure on the defenses of the US and its partners from Bahrain to the United Arab Emirates, depleting weapons stockpiles. The outcome of the fight may depend on which side runs out of munitions first.(3) The United Arab Emirates and Qatar are privately lobbying allies to help them persuade President Donald Trump to reach for an off-ramp that would keep US military operations against Iran short, according to people familiar with the matter.(4) Having spent a year attempting to charm and appease Donald Trump, UK Prime Minister Keir Starmer on Monday drew a clear line in the sand: Britain will not join its closest military partner in offensive action against Iran.(5) Oil extended gains as the US and Israel stepped up their war against Iran, while Tehran threatened a full closure of the Strait of Hormuz and hit the American embassy in Riyadh with drones.(6) Chancellor of the Exchequer Rachel Reeves will use her economic statement on Tuesday to lament that the world is awash with uncertainty. And she’ll try not to contribute any more of it — by saying as little as possible.(7) Emirates and Etihad Airways will resume limited operations as the carriers seek to ease some of the congestion caused by the airspace closing in the wake of the ongoing Iranian attacks.Podcast Conversation: Polymarket Geopolitics Wagers Reach Record as Iran War EscalatesSee omnystudio.com/listener for privacy information.

Mar 3, 202621 min

Trump Expands Iran War, Conflict Drives Oil Spike, Dubai’s Worst Nightmare

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump said the bombing campaign against Iran will continue until its objectives are achieved, calling on the nation’s leaders to capitulate as a report indicated at least one top official in Tehran sought to resume nuclear talks with the US.(2) Iran's Leader Ayatollah Khamenei’s demise has potentially seismic consequences for the Middle East and beyond. While it marks the end of an era for Iranians — the majority have only known one leader — for now, as the fighting continues in the Persian Gulf, the Islamic Republic as a system of rule continues to function.(3) Europe scrambles to react, with the UK allowing the US to make use of British military bases for the specific purpose of destroying Iranian missile depots.(4) The oil market’s nightmare scenario came true this weekend. European natural gas prices could more than double if shipping through the Strait of Hormuz is halted for one month, according to Goldman Sachs.(5) Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world’s busiest airports.(6) Dubai’s nightmare scenario unfolded Saturday: Defense systems repelling Iranian missiles and drones over its famous skyscrapers, explosions and plumes of black smoke rising out of the city-state’s most celebrated neighborhood.See omnystudio.com/listener for privacy information.

Mar 2, 202622 min

Daybreak Weekend: US Jobs, Made in Europe, China PMI Data

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the February jobs report, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to "Made in Europe" the tagline of a new scheme to rejuvenate Europe's defense, energy, and manufacturing sectors. In Asia – a look ahead to China PMI data. See omnystudio.com/listener for privacy information.

Feb 27, 202639 min

Netflix Walks Away, Greens Win UK By-Election, Putin's War Machine Pain

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Netflix dropped out of the fight to buy Warner Bros. Discovery, clearing the way for rival bidder Paramount Skydance Corp. to clinch its $111 billion deal for the historic Hollywood studio.(2) In the UK, The Green Party won a special election for a Manchester seat in the House of Commons, underscoring the threat posed to UK Prime Minister Keir Starmer’s governing Labour Party on its left flank.(3) Anthropic rejected the Pentagon’s latest offer in a dispute over safeguards around the use of its artificial intelligence technology by the US military, escalating the standoff a day before a government deadline for the company to drop its restrictions or face severe consequences.(4) US and Iranian officials ended the latest round of nuclear talks in Geneva on Thursday by agreeing to reconvene as soon as next week, opening the door to further diplomacy even as President Donald Trump masses military forces in the region.(5) Former US Secretary of State Hillary Clinton said she denied any association with disgraced financier Jeffrey Epstein during a “repetitive” hours-long deposition before congressional investigators Thursday.Podcast Conversation: What the First Billionaire Reveals About the First TrillionaireSee omnystudio.com/listener for privacy information.

Feb 27, 202620 min

Nvidia Results Fail To Wow, US Boat Cuba Shootout, Iran Strike Reality Check

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Nvidia the dominant maker of artificial intelligence processors, failed to impress investors with its latest sales forecast, signaling that concerns about an overheated AI economy will continue to dog the company.(2) President Donald Trump’s new tariff program will leave about €4.2 billion ($5 billion) of European Union exports facing levies above the 15% ceiling agreed in the EU-US trade accord.(3) The UK’s top banks are resisting a regulatory initiative to boost lending by lowering their capital levels, people familiar with the matter said, casting doubt over an effort to boost growth.(4) Cuban forces killed four people who had opened fire from a speedboat with Florida tags, an incident with the potential to escalate an already tense standoff with the US.(5) The Trump administration imposed sanctions on more than 30 entities that support Iranian oil and weapons sales, ramping up pressure on Tehran amid nuclear talks and the looming threat of US airstrikes.(6) President Donald Trump said this week the US would “easily” prevail in any military confrontation with Iran. Recent activity on the ground in the Islamic Republic, though, indicates any victory might be short-lived.Podcast Conversation: Middle-Aged Patients Fuel Growing Demand for Subtle Nose JobsSee omnystudio.com/listener for privacy information.

Feb 26, 202617 min

Trump Rosy Economy Spin, Private Credit 2008 Fears, Spain’s Broken Housing Market

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump offered a strident defense of his administration and economic record, declaring the nation is “bigger, better, richer and stronger than ever before” in a State of the Union address that contained few new policy announcements.(2) HSBC reported better-than-estimated earnings for 2025 as Europe’s largest bank closed out a year in which its market value broke through £200 billion ($270 billion) for the first time in its history.(3) A few weeks ago, analysts at UBS Group AG laid out a worst-case scenario for defaults in the private credit sector. Their outlook is even more grim now.(4) Money manager Danny Moses, immortalized in The Big Short, said private credit and private equity firms’ push into retail products reminds him of the years preceding the subprime mortgage crisis.(5) European Commission President Ursula von der Leyen said the bloc will deliver on its €90 billion ($106 billion) loan package to Ukraine “one way or another” as the war-battered nation is set to run out of funds in a matter of weeks.(6) Lawyers acting for Peter Mandelson, the former UK ambassador to Washington who was linked to convicted sex offender Jeffrey Epstein, said his arrest at home was prompted by a “baseless” suggestion that he was about to flee the country.(7) Spain is the euro zone’s fastest-growing major economy since 2022, but construction hasn't kept up and now its housing crisis is reaching a boiling point.Podcast Conversation: MAGA Meets Europe: Trump’s Envoys Rip Up Diplomatic Playbook See omnystudio.com/listener for privacy information.

Feb 25, 202618 min

Global 10% US Tariff in Force, AI Scare Trade Roars Back, How Much for AI Ray Bans?

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Donald Trump’s new 10% global tariffs went into effect on Tuesday, kicking off a White House effort to preserve the president’s trade agenda after the Supreme Court struck down his original sweeping duties.(2) The artificial intelligence “scare trade” erupted again on Monday as growing concerns about the disruptive power of AI dragged down shares of delivery, payments and software companies, and sent International Business Machines Corp. to its worst plunge in 25 years.(3) JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously.(4) UK police arrested Labour Party grandee Peter Mandelson on suspicion of misconduct in public office after the US Department of Justice released emails allegedly showing him forwarding government information to convicted sex offender Jeffrey Epstein.(5) President Donald Trump’s efforts to end Russia’s invasion of Ukraine are stalling with peace talks deadlocked and the fighting largely at a stalemate after four years of war.(6) Progress towards gender equality at the top of British businesses is 'achingly slow'. That's according to the CEO of the FTSE Women Leaders Review, which has released its latest report.(7) Meta and its partner EssilorLuxottica are at an early lead in the market for smart glasses, but are finding they come from two very different corporate traditions, with distinct priorities.Podcast Conversation: As Trump’s Takeover Threats Wane, Greenland Refocuses on Tourism See omnystudio.com/listener for privacy information.

Feb 24, 202619 min

US Trade Deals On Edge, Tariff ‘Chaos’ Hits Europe, Pension Fund Implosion

Your morning briefing. All the news you need to start your dayOn today's podcast: (1) Senior US officials said President Donald Trump’s tariff defeat at the Supreme Court won’t unravel deals negotiated with US partners as they sought to defend the administration’s assertive trade policies. (2) The European Parliament’s trade chief will propose freezing the ratification process of the European Union’s trade deal with the US until they’ve received details from President Donald Trump’s administration on its trade policy.(3) After boasting for months about its preferential trade deal with US President Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs.(4) Oil fell as investors weighed the odds of a nuclear deal between the US and Iran, with more negotiations on the issue expected later this week as American forces mass in the Middle East.(5) Hungary plans to block every European Union decision concerning Ukraine, including a new sanctions package against Russia and key loans, until oil starts flowing again through the Druzhba pipeline in western Ukraine.(6) Berlin dentists entrusted €2.2 billion ($2.6 billion) in retirement savings to a group of colleagues with more experience filling cavities than managing money. Now half of it is gone.Podcast Conversation: The New Economics of Going Out Have Transformed ClubbingSee omnystudio.com/listener for privacy information.

Feb 23, 202616 min

Daybreak Weekend: Nvidia Earnings, UK Special Election, Modi Israel Visit

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from chipmaker Nvidia along with a focus on 3 stocks for the week ahead.  In the UK – a look ahead to a special election in the UK. In Asia – a look ahead to India Prime Minister Narendra Modi’s two-day visit to Israel. See omnystudio.com/listener for privacy information.

Feb 20, 202638 min

Trump Gives Iran 10 Days, UK Royal Family In Crisis, A Data Dependent Career

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The US military is stationing a vast array of forces in the Middle East, including two aircraft carriers, fighter jets and refueling tankers, with President Donald Trump saying that Iran had 10 to 15 days at most to strike a deal over its nuclear program.(2) US President Donald Trump’s latest retraction of support for Britain’s deal to hand the Chagos Islands to Mauritius comes as the UK government holds off giving permission for him to use the Diego Garcia military base in the archipelago for any possible strike on Iran.(3) The arrest of Andrew Mountbatten-Windsor on suspicion of misconduct in public office is a fresh nadir for the UK's most powerful family.(4) European Central Bank President Christine Lagarde reiterated calls for global partnership to salvage an international order that not only benefits the strongest.(5) Bank of America is committing $25 billion to private-credit deals, joining its Wall Street rivals in putting its own balance sheet behind lending in the fast-growing market, according to people with knowledge of the matter. Podcast Conversation: The Boss’s Best Party EverSee omnystudio.com/listener for privacy information.

Feb 20, 202616 min

Fed's Hawkish Turn, Meta Resists Age Limits, Denmark's Diet Economy

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Federal Reserve officials appeared surprisingly wary of cutting interest rates when they met last month, with several even suggesting the central bank may need to raise rates if inflation remains stubbornly high.(2) OpenAI is close to finalizing the first phase of a new funding round that is likely to bring in more than $100 billion, according to people familiar with the matter, a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools.(3) French President Emmanuel Macron said the free speech defense of social media platforms is “pure bullshit,” pushing back against a key foreign policy goal of President Donald Trump.(4) Oil steadied after its biggest daily gain since October, following a report that American military intervention in Iran could come sooner than expected.(5) Nestlé is considering further reducing its footprint in the ice cream business, as new Chief Executive Officer Philipp Navratil reviews the company’s sprawling operations, people with knowledge of the matter said.(6) Denmark's economy looks robust on paper, with employment at a record high and public finances strong, but many Danes are anxious about their professional futures due to layoffs at major companies. Podcast Conversation: Travellers Are Dying To Solve A Murder Mystery On VacationSee omnystudio.com/listener for privacy information.

Feb 19, 202617 min

US-Iran Move Toward Deal, Anthropic’s Next AI Leap, Ethiopia’s EV Revolution

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The US and Iran made progress in nuclear talks in Geneva on Tuesday, with Tehran’s negotiators scheduled to return with a new proposal in two weeks, a US official said on Tuesday, a cautiously upbeat assessment that suggests the chances of an imminent military clash are low.(2) Japan plans to invest up to $36 billion in US oil, gas and critical mineral projects, the first tranche of its $550 billion commitment under the trade agreement it struck with President Donald Trump.(3) The ECB says Christine Lagarde hasn't made any decision about leaving her job as President early. That follows a report from the Financial Times - citing one person familiar with Lagarde's thinking - saying she wants to step down before France's Presidential election in April 2027.(4) Anthropic is releasing a new artificial intelligence model that’s intended to be better at using people’s computers in increasingly complicated ways, building on the startup’s efforts to make AI tools more effective at streamlining tasks.(5) Warren Buffett’s Berkshire Hathaway slashed its stake in Amazon. by more than 75% in the fourth quarter, while also building a stake in the New York Times Co., his last new bet as chief executive officer of the conglomerate.(6) In the two years since the ban on internal combustion engine vehicles in Ethiopia, EV adoption has grown from less than 1% to nearly 6% of all of the vehicles on the road in the country — according to the government’s own figures — some way above the global average of 4%. Podcast Conversation: Downsizing Is The Biggest Trend in Restaurants and Hotels Right NowSee omnystudio.com/listener for privacy information.

Feb 18, 202619 min

UPDATE: UK Jobless Rate Hits 5-Year High, Social Media Backlash

Your morning briefing. All the news you need to start your dayOn today's podcast:(1)  UK unemployment reached its highest since the pandemic and wage growth eased as the labor market continued to weaken, prompting traders to increase bets on further interest-rate cuts from the Bank of England.(2) Iranian Foreign Minister Abbas Araghchi held talks with the head of the UN’s atomic watchdog in Geneva on Monday, ahead of a second round of nuclear negotiations with the US.(3) BHP Group posted earnings at the upper end of analyst expectations, as a years-long effort to shore up copper production combined with a historic metals rally to offset a lackluster period for its giant iron ore business.(4) Elon Musk’s SpaceX and wholly owned subsidiary xAI are competing in a secretive new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, according to people familiar with the matter.(5) The UK government abandoned plans to cancel local elections scheduled for May in 30 areas, after the move sparked a fierce backlash including a lawsuit from Nigel Farage’s populist Reform UK party.(6) Secretary of State Marco Rubio showered Viktor Orban with praise on a visit to Hungary as the US doubled down on its support for the strongman leader before an election that could bring an end to his 16 years in power. Podcast Conversation: Why ‘Burnout’ Feminism Is Replacing the Girlboss, Lean In EraSee omnystudio.com/listener for privacy information.

Feb 17, 202617 min

Crunch Iran Nuclear Talks, Secret Drone Swarm Race, Europe’s Ukraine Push

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Iranian Foreign Minister Abbas Araghchi held talks with the head of the UN’s atomic watchdog in Geneva on Monday, ahead of a second round of nuclear negotiations with the US.(2) BHP Group posted earnings at the upper end of analyst expectations, as a years-long effort to shore up copper production combined with a historic metals rally to offset a lackluster period for its giant iron ore business.(3) Elon Musk’s SpaceX and wholly owned subsidiary xAI are competing in a secretive new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, according to people familiar with the matter.(4) The UK government abandoned plans to cancel local elections scheduled for May in 30 areas, after the move sparked a fierce backlash including a lawsuit from Nigel Farage’s populist Reform UK party.(5) Secretary of State Marco Rubio showered Viktor Orban with praise on a visit to Hungary as the US doubled down on its support for the strongman leader before an election that could bring an end to his 16 years in power. Podcast Conversation: Why ‘Burnout’ Feminism Is Replacing the Girlboss, Lean In EraSee omnystudio.com/listener for privacy information.

Feb 17, 202615 min

Rubio: Europe Must Fight, UK Calls Time On Brexit, Sweden Warms To Euro

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what he said was a drift away from their shared Western values.(2) The European Union’s top diplomat Kaja Kallas rejected the picture of the bloc’s decline painted by the Trump administration and urged member states to accelerate Ukraine’s membership bid as a sign of the bloc’s power.(3) Warner Bros Discovery is considering reopening sale talks with rival Hollywood studio Paramount Skydance Corp. after receiving its hostile suitor’s most recent amended offer, people with knowledge of the matter said.(4) John Hurley, the Trump administration’s top sanctions official, is set to leave his post after friction with Treasury Secretary Scott Bessent, according to people familiar with the matter.(5) Great Britain took their record gold medal tally to three at the Winter Olympics in Italy over the weekend.Podcast Conversation: We’re Living in a Golden Age of Close-Up MagicSee omnystudio.com/listener for privacy information.

Feb 16, 202616 min

Daybreak Weekend: Homebuilders Preview, UK Jobs, Lunar New Year

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to what to expect from homebuilders in the months ahead along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to UK jobs data. In Asia – a look ahead to the Lunar New Year Holiday in China. See omnystudio.com/listener for privacy information.

Feb 13, 202638 min

AI Fear Trade Drives Rout, Sex Tape Blackmail Claim, How War Changed Europe

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) ogistics stocks plunged on Thursday as the group became the latest victim of the artificial intelligence “scare trade.” At the center of the selloff: a former karaoke company with a stock-market value of only $6 million.(2) OpenAI has warned US lawmakers that its Chinese rival DeepSeek is using unfair and increasingly sophisticated methods to extract results from leading US AI models to train the next generation of its breakthrough R1 chatbot, according to a memo reviewed by Bloomberg News.(3) Goldman Sachs' top lawyer Kathy Ruemmler is leaving the firm following a cache of Department of Justice documents showing her links with sex offender Jeffrey Epstein.(4) Hungarian opposition leader Peter Magyar said he was secretly taped having sex with his former partner in 2024, preempting a potential release of a video that he called a “Russia-style” attempt to blackmail him before pivotal elections in April.(5) UK Defense Secretary John Healey said allies have pledged as much as $35 billion in new military aid to Ukraine to strengthen its air defenses after a series of massive Russian air strikes on energy infrastructure and civilian targets. Podcast Conversation: Waymo Tries Finding DoorDash Drivers to Shut Open Robotaxi DoorsSee omnystudio.com/listener for privacy information.

Feb 13, 202621 min

UPDATE: 0.1% UK Growth, Nuveen Buying Schroders, Epstein Files Global Fallout

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of President Donald Trump and bungling the release of files on disgraced financier Jeffrey Epstein during a fiery hearing Wednesday.(2) Donald Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legislation aimed at ending the president’s levies on Canadian imports.(3) The UK economy grew less than forecast in the fourth quarter as business investment shrank and services stagnated, adding to pressure on embattled Prime Minister Keir Starmer. (4) Nuveen is buying Schroders Plc in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets.(5) French President Emmanuel Macron returned to his “Made in Europe” push on the eve of a key European Union meeting, putting him at odds with German Chancellor Friedrich Merz over how best to tackle Europe’s economic woes.Podcast Conversation: In Defense of Fakes: A ProvocationSee omnystudio.com/listener for privacy information.

Feb 12, 202616 min

Epstein Files Global Fallout, Trump Tariffs Major Revolt, Paris Insider Trading Trial

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of President Donald Trump and bungling the release of files on disgraced financier Jeffrey Epstein during a fiery hearing Wednesday.(2) Donald Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legislation aimed at ending the president’s levies on Canadian imports.(3) The British Prime Minister has labelled comments on immigration made by Manchester United's Co-Owner Jim Ratcliffe as 'offensive and wrong'. A spokesperson for Number 10 also called on the billionaire boss of Ineos Chemicals to apologise for the remarks made during an interview with Sky News. During the conversation Ratcliffe said the UK couldn't sustain its current population growth.(4) French President Emmanuel Macron returned to his “Made in Europe” push on the eve of a key European Union meeting, putting him at odds with German Chancellor Friedrich Merz over how best to tackle Europe’s economic woes.(5) WhatsApp said Russia’s government has moved to “fully block” its popular encrypted messaging service in the country as part of an effort to drive adoption of a new, state-sponsored app.Podcast Conversation: In Defense of Fakes: A ProvocationSee omnystudio.com/listener for privacy information.

Feb 12, 202620 min

EU Chief Interview, School Mass Shooting, Poland’s $1 Trillion Flex

Your morning briefing. All the news you need to start your dayOn today's podcast: (1) At least 10 people are dead and 25 injured after a mass shooting in northeastern British Columbia, according to the police. The shootings were Canada's deadliest rampage since 2020. (2) European Union leaders are finally ready to unify their markets to compete globally, European Council President Antonio Costa said, arguing that the fracturing world order is driving the continent to act. (3) The European Parliament is moving closer to approving a trade deal with the US after senior lawmakers agreed to make some changes ahead of a vote planned this month. (4) Russia’s crude shipments are holding steady in the face of mounting pressures on its critical oil trade, but the steeper discounts that are keeping the barrels flowing have hammered the Kremlin’s revenues. (5) Kimbal Musk, a longtime director at Tesla and the brother of Elon Musk, was connected with at least two women through Jeffrey Epstein several years after the disgraced financier pleaded guilty to sex crimes, emails released by the US Justice Department show. (6) Poland has never been more prosperous or more influential since regaining its independence as a sovereign state a little over a century ago. Data compiled by Bloomberg show that companies from Poland announced 22 acquisitions in Western Europe last year, the highest number on record, and another four are in the works this year. Podcast Conversation: Young Car Collectors Snap Up the Classics They Idolized as TeensSee omnystudio.com/listener for privacy information.

Feb 11, 202623 min

Starmer Gets Brief Reprieve, EU Preps Ukraine Entry, Drilling Europe’s Oil Capital

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Keir Starmer’s cabinet members voiced their support for the prime minister on Monday, buying him time to shore up his beleaguered premiership after the Labour Party’s leader in Scotland urged him to quit.(2) The European Union is preparing a series of options to embed Ukraine’s membership in a future peace deal, according to people familiar with the matter.(3) The European Central Bank is striving to ensure inflation remains under control as part of efforts to fortify the continent’s economy, President Christine Lagarde said, urging lawmakers to follow through on a list of necessary reforms.(4) US insurance broker stocks were pummeled Monday as the launch of an artificial intelligence tool from privately held online insurance shopping platform Insurify sparked fears about the industry facing disruption.(5) A typical lower-income British household would have to wait 137 years to see its living standards double, according to the Resolution Foundation — more than three times longer than in the past.(6) Aberdeen, with its windswept views of the North Sea, has for decades carried the title of Europe’s oil capital. Yet that status has been slipping for years, sharpening a political fight in Westminster over whether the industry is even worth salvaging at this point.Podcast Conversation: Ferrari Shows Interior of EV Designed by Ex-Apple Executive IveSee omnystudio.com/listener for privacy information.

Feb 10, 202616 min

UK's Starmer On The Brink, Japan Election Landslide, Swatch Battles Tough Time

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Keir Starmer’s future is in the balance after a crisis over the appointment of Peter Mandelson as ambassador to Washington claimed the UK prime minister’s closest aide.(2) Chinese regulators have advised financial institutions to rein in their holdings of US Treasuries, citing concerns over concentration risks and market volatility, according to people familiar with the matter.(3) Japanese Prime Minister Sanae Takaichi secured a historic election triumph, positioning her as the nation’s strongest leader in the postwar era in an outcome that sent stock prices and bond yields soaring.(4) Iran’s President Masoud Pezeshkian described the Friday nuclear talks with Washington as “a step forward,” even as he pushed back against any attempts at intimidation.(5) The Seattle Seahawks have won the Superbowl -- beating the New England Patriots 29 to 13, with the halftime performance by Puerto Rican artist Bad Bunny being attacked as "an affront to the Greatness of America".(6) American activist investor Steven Wood’s one-man mission to overhaul the governance and culture of Swatch Group just became a lot harder. The company’s shares — the most shorted in Europe — recently had their best day ever, and are up 15% this year.Podcast Conversation: Why Some People Live to 100 Despite Bad HabitsSee omnystudio.com/listener for privacy information.

Feb 9, 202616 min

Daybreak Weekend: US Eco, International Energy Week, Softbank Earnings

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to S jobs and CPI data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to International Energy Week in London. In Asia – a look ahead to Softbank Earnings.  See omnystudio.com/listener for privacy information.

Feb 6, 202638 min

Stratospheric AI Spending, Starmer In Political Peril, Ferrero’s Breakfast Bid

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Amazon shares dropped after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors that its colossal bet on artificial intelligence may not pay off in the long runFor More on this story you can read Vlad Savov's newsletter here(2) All across Wall Street, day by day, the headlong rush into the most popular trades, from tech stocks to gold to cryptocurrencies, has given way to a sudden retreat from risk.(3) Bitcoin whipsawed in a volatile trading session in Asia after a selloff that briefly dragged the token to a more than 50% retreat from its October peak.(4) Bank of England Governor Andrew Bailey appeared to endorse markets betting on a 50% chance of an interest-rate cut in March after a more dovish-than-expected decision to maintain the cost of borrowing this month.(5) The euro zone will need time to see further productivity gains from an AI-related investment boom, European Central Bank President Christine Lagarde said.Podcast Conversation:At $7,700 a Day, Aman’s Cruises Test Travelers’ Price LimitsSee omnystudio.com/listener for privacy information.

Feb 6, 202622 min

Trillion-Dollar Tech Wipeout, Crisis Engulfs UK’s Starmer, Sci-Fi Power Traders

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) There have been many AI-driven selloffs in the three years since ChatGPT burst into the mainstream. Nothing, though, quite rivals the rout rippling through stock and credit markets this week.(2) Silver fell sharply, wiping out a two-day recovery, as the white metal struggled to find a floor following a historic market rout. Gold also declined.(3) Keir Starmer is not the first Labour prime minister to be plunged into crisis by Peter Mandelson. It’s not even the first time it’s happened to Starmer. The difference is that members of his own party are now starting to number his days as leader.(4) The European Central Bank is set to hold interest rates steady for a fifth meeting, judging that the latest bout of global tensions and euro strength haven’t thrown the economy off course yet.(5) The Bank of England will almost certainly leave interest rates on hold on Thursday and wait for more evidence that inflation is under control, despite mounting concerns about the UK labor market.Podcast Conversation: Sack a Prince? Easy. Fire a Lord? Not So Much: Matthew BrookeSee omnystudio.com/listener for privacy information.

Feb 5, 202618 min

$285B Software Wipeout, Bitcoin 'Death Spiral', EU Seeks US Minerals Deal

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) A new AI automation tool from Anthropic PBC sparked a $285 billion rout in stocks across the software, financial services and asset management sectors on Tuesday as investors raced to dump shares with even the slightest exposure.(2) Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated. Total crypto market value has slumped by $467.6 billion since Jan. 29, according to CoinGecko data. (3) The European Union will pitch the US on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week. (4) London’s Metropolitan Police has started a criminal probe into Peter Mandelson over alleged misconduct in public office, after the UK government said it had referred communications between him and Jeffrey Epstein to the authorities.(5) Novo Nordisk A/S shocked investors by forecasting a steep decline in sales this year, a sign of how intensifying price wars in obesity drugs and the Trump administration’s pressure on pharmaceutical prices will hit the company’s results.Podcast Conversation: What happens when the Winter Olympics can’t rely on winterSee omnystudio.com/listener for privacy information.

Feb 4, 202617 min

$1.25 Trillion Musk Merger, UK Fears ‘Made in Europe’, Reform’s First Big Test

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world’s richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration.(2) Documents released by the US Department of Justice appear to show that Britain’s Peter Mandelson leaked sensitive government information to disgraced financier Jeffrey Epstein while serving as a minister.(3) France’s parliament adopted a budget for 2026 after Prime Minister Sebastien Lecornu survived two no-confidence votes Monday, bringing the curtain down on months of political upheaval that’s rattled investor confidence in the country.(4) The UK government is increasingly concerned that more protectionist policies pursued by the European Union could exclude British companies from supply chains in key sectors, derailing a reset in post-Brexit relations and potentially costing firms billions of pounds.(5) President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries.Podcast Conversation: From New York to London, There's Now a Martini on Every Menu Here's Why Outer Space Is the Next Frontier For Data Centers Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.  See omnystudio.com/listener for privacy information.

Feb 3, 202621 min

Epstein Revelations Fallout, Gold Plunge Deepens, Mercedes Luxury Bet

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Peter Mandelson, Britain’s former ambassador to the US, resigned from the UK’s ruling Labour Party to avoid causing it “further embarrassment” after the latest revelations about his links to the disgraced financier Jeffrey Epstein.(2) Gold extended losses, after its biggest plunge in more than a decade on Friday, as silver also sank deeper, reversing a record-breaking rally that appeared to have run too far, too fast.(3) Prime Minister Keir Starmer said he still wants the UK to join the European Union’s flagship €150 billion ($178 billion) defense fund after negotiations last year ended in failure.(4) Iran’s supreme leader warned of a “regional war” as tensions continued to mount over potential US strikes on Tehran and top Israeli military officials visited Washington.(5) British engine maker Rolls-Royce Holdings Plc has halted a plan backed by millions in government funding to put a mini nuclear reactor on the Moon, the Telegraph reported.Podcast Conversation: The Em Dash Wars: How LinkedIn Users Are Policing AI WritingSee omnystudio.com/listener for privacy information.

Feb 2, 202619 min

Daybreak Weekend: US Jobs, Winter Olympics, Japan Election

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the January jobs report and U.S tech earnings. In the UK – a look ahead to the 2026 winter Olympic games. In Asia – a look ahead to Japan’s snap election and a monetary policy decision from the Reserve Bank of Australia. - Michael McKee, Bloomberg International Economics and Policy Correspondent, to preview the January jobs report in the U.S.- Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, to preview U.S tech earnings.- Tommaso Ebhart, Bloomberg’s Milan Bureau Chief, to preview 2026 olympic games.- Paul Jackson, Bloomberg EcoGov Editor for Japan/Koreas, to preview snap Japan election.- James McIntyre, Bloomberg Economist for Australia and New Zealand, to preview RBA decision.See omnystudio.com/listener for privacy information.

Jan 31, 202637 min

Trump Picks Kevin Warsh For Fed Chair, Iran Strike Options, $40B Succession Drama

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter.(2) The arrival of a US aircraft-carrier strike group in the Middle East has given President Donald Trump new, more forceful options to carry out his threats to attack Iran, but the choices carry serious risks of retaliation from Tehran.(3) Apple delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins.(4) Chinese automakers built nearly one in 10 passenger cars sold in Europe last month, a record share that caps a year of rapid growth led by brisk sales of hybrid and battery-powered vehicles.(5) President Donald Trump warned the UK and Canada against striking fresh business deals with China, after their leaders visited Beijing this month in an effort to deepen ties with the world’s second-largest economy.Podcast Conversation: Boosting Your Brain With a Chip Carries a Price: Parmy OlsonSee omnystudio.com/listener for privacy information.

Jan 30, 202619 min

Big Tech’s Giant AI Bets, Gold Surges Above $5,500, Starmer Meets China’s Xi

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The world’s largest tech firms show no signs of easing up on AI spending, a record wave that’s propelling hardware providers like Samsung Electronics Co. and SK Hynix Inc. That’s even as doubts persist about the staying power of artificial intelligence demand to justify all that capital.(2) Gold surged to a record above $5,500 an ounce, as a lack of liquidity accelerated a nine-day rally fueled by a weaker dollar and investor flight from sovereign bonds and currencies.(3) Deutsche Bank AG was raided by German authorities as part of a money laundering probe looking at past dealings by staff with firms linked to the now-sanctioned Roman Abramovich, setting back the lender’s long-running effort to shed a previous reputation as a magnet for scandals.(4) US, Danish and Greenlandic officials met Wednesday to discuss a new framework deal over Greenland, an attempt to satisfy President Donald Trump’s desire to see a greater American presence on the Arctic island that stops short of ceding it to the US.(5) President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes far worse than the attack he ordered last June, increasing pressure on the regime and propelling oil prices higher.Podcast Conversation: London Developers Are Snapping Up Empty Air Above RooftopsSee omnystudio.com/listener for privacy information.

Jan 29, 202617 min

Trump Fuels Dollar Drop, Crypto Giant’s Gold Hoard, UK Business Courts China

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) President Donald Trump’s relaxed tone about the dollar selloff is fuelling speculation the US currency is at the start of a longer-term decline.(2) Gold surged to a record high above $5,200 an ounce, extending a breakneck rally fuelled by US dollar weakness and a flight from sovereign bonds and currencies.(3) UK Prime Minister Keir Starmer arrives in Beijing on Wednesday confident he can do what few leaders have shown the political dexterity to pull off: broaden trade ties with China without annoying President Donald Trump.(4) Prime Minister Sebastien Lecornu survived renewed attempts to oust him over his plans for France’s public finances, bringing the country a step closer to securing a 2026 budget.(5) Senate Majority Leader John Thune said the two parties are in talks with the White House over US government funding as Democrats threaten to force a partial US government shutdown following a mounting public backlash over President Donald Trump’s immigration crackdown in Minnesota.Podcast Conversation: Claude Can’t Pay for Your RetirementSee omnystudio.com/listener for privacy information.

Jan 28, 202616 min

Starmer Interview Exclusive, Minnesota Trump Pullback, EU-India Trade Deal

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Prime Minister Keir Starmer said the UK wouldn’t have to choose between the US and China, as he heralded “significant opportunities” for British businesses ahead of his trip to Beijing this week.(2) The European Union and India are set to announce an agreement on a long-awaited trade deal on Tuesday, forging closer economic ties to hedge against US President Donald Trump’s tariffs.(3) President Donald Trump threatened to hike tariffs on goods imported from South Korea to 25%, citing what he said was the failure of the country’s legislature to codify the trade deal the two nations reached last year.(4) Gold rose, holding above $5,000 an ounce for a second day, as a weak US dollar helped to extend a blistering rally fueled by geopolitical risks and investor flight from sovereign bonds and currencies.(5) Greg Bovino, the US Border Patrol commander who became the face of President Donald Trump’s sweeping immigration crackdown in Minneapolis, is leaving the city following a mounting public outcry over the killing of two US citizens by federal agents in recent weeks.Podcast Conversation: ‘Melania’ Film Debuts at a Low Ebb for Documentaries in TheatersSee omnystudio.com/listener for privacy information.

Jan 27, 202619 min

US Immigration Backlash, Gold Surges Past $5,000, Europe’s Defense Challenge

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Senate Republican leaders plan to reject Democratic demands to split off funding for the Department of Homeland Security and pass the rest of a giant funding package needed to avert a partial government shutdown this week, a Senate GOP aide said.(2) Gold surged past $5,000 an ounce for the first time, extending a breakneck rally fueled by US President Donald Trump’s reshaping of international relations and investor flight from sovereign bonds and currencies.(3) Canada won’t be derailed in its efforts to diversify trade away from the US despite the latest threats from the Trump administration, Canadian Foreign Minister Anita Anand said.(4) The yen extended gains to as much as 1.2% against the dollar as traders started the week on heightened alert for authorities intervening in the market following its recent slide.(5) Keir Starmer’s rivals were looking for a pretext to mount a leadership challenge. The prime minister impeded one would-be successor this weekend but in doing so may have given others the reason they need to strike.Podcast Conversation: Free-Solo Climber Honnold Conquers Taipei 101 Live on NetflixSee omnystudio.com/listener for privacy information.

Jan 26, 202619 min