Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham named former Defense Secretary John Healey to be his Chancellor of the Exchequer in a surprise move by the UK’s new prime minister that fueled speculation about a bigger increase in military spending.(2) US President Donald Trump said he had a “very good conversation” with new UK Prime Minister Andy Burnham and that they would be meeting in the “not too distant future,” signaling potentially better ties after tensions with Burnham’s predecessor.(3) The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy, further inflaming trade tensions between the two neighbors.(4) US forces struck Iranian targets after President Donald Trump vowed Tehran “will pay” for killing three US soldiers, even as mediators proposed a new truce with the Middle East war widening further.(5) Europe’s status as the planet’s fastest-warming continent is becoming a serious drag on its economic prospects.(6) A Bloomberg Businessweek investigation has found that trades with characteristics often associated with insider activity have became more prevalent on Polymarket over the course of this year.(7) One shipowner is attempting to coax crews to sail through the Strait of Hormuz by offering them an extra six months pay if they’re willing to cross the vital oil channel, offering seafarers a stark choice between large financial rewards and the risk of death.See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham is set to become the UK’s seventh prime minister in just over a decade on Monday with a number of outstanding questions about who will be in his cabinet and the policy direction he will pursue.(2) The Iran conflict continued to spiral over the weekend, with both sides trading attacks in the aftermath of an Iranian strike that killed two US service-members in Jordan and injured others. (3) A diesel squeeze is playing out across Europe as a slew of major supply challenges coincide, according to Morgan Stanley, which flagged record refining margins in the region and slumping stockpiles.(4) At least one person was killed in what Ukraine’s foreign minister called the largest ballistic missile barrage aimed at Kyiv since the start of the Russia’s invasion more than four years ago. (5) Moonshot AI has told investors it’s preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China’s artificial intelligence capabilities and sent tech stocks reeling.(6) Spain won its second World Cup title, defeating Lionel Messi’s Argentina 1-0 thanks to substitute Ferran Torres’ strike in extra time before a sold-out crowd in New Jersey.(7) Ryan Fox wins the British Open with a birdie on the final hole.Podcast Conversation: How to Buy a Dinosaur: The Money, Advisers and Caution NeededSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to new home sales data with a focus on three stocks for the week ahead. In the UK – a look ahead to the UK preparing to usher in its 7th Prime Minister in 10 years. In Asia – a look ahead to Japan Marine Day. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump devoted a prime-time address to reviving unsubstantiated claims that the 2020 election was stolen and raising doubts about the security of the upcoming midterms, turning his attention to a years-long grievance at a perilous moment for his presidency.(2) Trump's renewed focus on America's biggest geopolitical rival comes as divisions continue to deepen within his own Republican base over the US-Israel war with Iran.(3) The US launched fresh strikes against Iran as hostilities across the Middle East continued to escalate and shipping traffic slumped in the critical Strait of Hormuz.(4) Japanese memory chipmaker Kioxia Holdings Corp.’s market capitalization halved in just a month since becoming the nation’s most valuable company, on growing concerns the AI-driven rally in the sector has gone too far.(5) Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water. Burnham approaches the gates of Downing Street along a path littered with short-tenured former leaders whose support quickly evaporated on contact with the realities of reviving the UK economy.(6) Netflix forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations.Podcast Conversation: Are you an Iliad person or an Odyssey person? See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The global economy faces a renewed challenge if the conflict that’s choked the Strait of Hormuz isn’t resolved in a matter of weeks, said International Energy Agency Executive Director Fatih Birol.(2) A measure of sterling’s strength rose to its highest level in a year on Wednesday following reports that incoming UK Prime Minister Andy Burnham will name Shabana Mahmood as his Chancellor of the Exchequer. (3) Russian soldiers only live an average of 20 to 30 minutes on the battlefield because of Ukraine’s artificial-intelligence attack drones, CIA Director John Ratcliffe said on Wednesday. (4) JPMorgan CEO Jamie Dimon said the risks raised by Anthropic PBC’s Mythos artificial intelligence model are a “real issue” that the US government is on top of now. (5) The world's biggest hedge funds are tapping portfolio managers at smaller firms for ideas, paying for "buyside alpha" signals, and seeking out raw trading ideas from small managers. (6) Europe's Coal Mines Claim Their Methane Emissions Have Plummeted. But Have They? Podcast Conversation: The Line Outside Is Almost More Famous Than the FoodSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US completed an additional round of strikes against Iran hitting dozens of military targets near the Strait of Hormuz and Iranian coastal areas.(2) President Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz after US allies in the Gulf urged him to drop it.(3) ASML lifted its annual sales forecast for the second time this year as a surge in artificial intelligence spending drives demand for the Dutch company’s chip-making machines. (4) Bank of England Governor Andrew Bailey said Britain needs to prioritize economic growth and maintain fiscal discipline, in a thinly veiled warning to incoming Prime Minister Andy Burnham (5) U-Test's brand ambassadors are online celebrities, including a former Welsh rugby player and an OnlyFans model, who promote the company's test kits for sexually transmitted infections and other health issues on social media. Some of U-Test's tests require medical knowledge and are labelled "for professional in vitro diagnostic use only", despite being marketed as "simple at-home tests" with instruction leaflets in dense technical language.Podcast Conversation:These World Cup Tweets Show How AI Will Unite Us AllSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The United States has carried out another round of strikes on Iran, after President Trump vowed to hit the country "hard". According to multiple reports, Trump has now formally notified Congress that the US is once again at war with Iran.(2) President Donald Trump threw out a demand of a 20% reimbursement on cargo shipped through the Strait of Hormuz, or roughly $30 million on full supertankers carrying oil.(3) Bond traders ramped up bets for a July interest-rate hike ahead of US inflation data and an appearance by the head of the Federal Reserve that stand to reinforce the need for action.(4) The European Union failed to endorse a 21st sanctions package against Russia on Monday, putting the bloc at risk of undermining one of its key tools to restrict the Kremlin’s oil revenue.(5) Rachel Reeves will issue a coded warning to the next Labour government by telling a City of London audience on Tuesday night that plans to boost the economy will only succeed with the support of financial markets.(6) It was supposed to be a cargo of bananas from Latin America. What Spanish police found on the ship in the Mediterranean port of Algeciras instead were 13 tons of cocaine. The case is striking in how it alleges links to financiers with Wall Street connections, an Irish fintech trading crypto assets, luxury Dubai real estate and multiple offshore lenders.Podcast Conversation: Scammers Are Being Scammed by Their Intended Victims OnlineSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US launched fresh missile attacks against Iran on Sunday in what has become a pattern of strikes and counterstrikes by Washington and Tehran as the two sides issued conflicting declarations over whether the Strait of Hormuz is open to shipping.(2) This year’s record-breaking heat in central and western Europe has already caused close to 10,000 deaths across the UK, France, Spain and Germany, according research groups and government bodies in the affected countries.(3) Andy Burnham, the UK’s presumptive next prime minister, is considering unveiling a bolstered budget later this year as allies and experts seek to persuade him to pursue a land tax, public control of utilities and a more ambitious devolution strategy.(4) UK police said they arrested a suspect on Saturday on suspicion of the murder of former minister and Reform UK politician Ann Widdecombe(5) Three prominent artificial intelligence developers released new models over the past week. They all promise to be more advanced, but their biggest immediate selling point may not be what they can do but how little they charge to do it.(6) European foreign ministers will be grappling with the developments in the Middle East when they meet in Brussels this morning.Podcast Conversation: Satisfying Wealth Books For Your Summer Reading List See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with a focus on three stocks for the week ahead. In the UK – a look ahead to what lays ahead for the European Central Bank as it grapples with a uncertain inflation landscape. In Asia – a look ahead to South Korea’s Constitution Day. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader.(2) Technical talks between the US and Iran are continuing, according to a US official, following two days of clashes that threatened to shatter an already fragile ceasefire between the two nations.(3) Europe’s third major heat wave this year is set to intensify and expand, extending from west to east over the coming week.(4) Volkswagen plans to cut its sprawling model lineup by as much as 50%, a savings push that was unveiled after a closely-watched supervisory board meeting that stopped short of agreeing on deeper workforce reductions.(5) As investors increasingly turn to artificial intelligence for help with everything from stock picking to risk management, JPMorgan Chase. has been testing whether a model can do something more ambitious: allocate money itself.(6) A Ukrainian intelligence officer, who previously admitted to killing a woman linked to a bombing in Monaco, retracted his confession and shifted the blame to another defendant as their bail hearing opened in KyivPodcast Conversation: CoverGirl Stops Chasing Gen Z to Focus on Middle-Aged WomenSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal.(2) Oil extended a surge as the US struck targets in Iran for a second day, raising risks for energy supplies from the Middle East.(3) Russia announced a short-term ban on diesel exports, causing global prices for the fuel to surge to multi-year highs, as a wave of Ukrainian drone attacks leads to domestic shortages.(4) The European Union will allow governments to include nuclear power as one of the categories of energy spending that qualify for greater flexibility under the bloc’s strict budgetary rules. (5) Nigel Farage intended his shock decision to quit Parliament and seek reelection in his coastal seat as a demonstration of political strength. But a man wearing a trash can could end up showing the depth of antipathy to the Reform UK leader.(6) The UK has seen three summers of anti-migrant protests which have turned to violence -- in Belfast in Northern Ireland and in Southampton, following the death of Henry Nowak. Anger and resentment is being manipulated online and weaponized -- and authorities are struggling to address the real world impact.Podcast Conversation: Inflammation Has Become the Wellness Industry's Latest BuzzwordSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US forces completed a round of offensive strikes against Iran, according to a post on X by Central Command. (2) The UK, France and Germany have launched a $50 billion NATO initiative to spur the development of long-range weapons without US involvement, aiming to close the gap in an area where Russia is well ahead.(3) Greenland “should be controlled by the United States,” President Trump says ahead of a meeting with NATO leaders.(4) Nigel Farage’s shock decision to quit as MP so he can fight again for the seat he won two years ago puts the poll-topping Reform leader back where he’s happiest: at the center of Britain’s attention.(5) Marine Le Pen, France’s far-right leader for two decades, intends to make her fourth presidential run even after an appellate panel ordered her to wear an electronic-monitoring device when it upheld her conviction for misusing public funds.Podcast Conversation: UK Economy Needs an England World Cup Win: Andrea FelstedSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz on Monday night, Axios reported, testing a late-June deal with the US to halt attacks as the two sides work toward a peace agreement.(2) Asian equities fell as renewed selling in technology stocks deepened concerns that the AI-driven rally may have run ahead of itself.(3) The outcome of Marine Le Pen’s appeal of her conviction for embezzling public funds could shape French and European politics for years.(4) A fledgling rebound in European defense stocks faces a test this week, as investors look to a NATO summit for further clarity on member states’ defense spending plans.(5) Andy Burnham, Britain’s likely next prime minister, faces competing advice from within his own camp on how to respond to the UK’s cost-of-living crisis, as he rushes to finalize his plans for government ahead of a Labour Party’s leadership contest he’s set to win.(6) Team USA’s run in the World Cup came to an end on Monday as it failed to make the quarterfinals, while outrage over FIFA’s decision to allow striker Folarin Balogun to play continued to simmer.Podcast Conversation: The World’s Most Romantic Destinations Are Becoming Family PlaygroundsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Russia launched waves of missiles and drones targeting Kyiv overnight into Monday that killed at least seven people, authorities said, hours after Ukraine’s president warned that another large-scale attack was imminent.(2) The world must urgently develop guardrails to contain the threat posed by artificial intelligence, Britain’s foreign secretary is set to warn.(3) The world must urgently develop guardrails to contain the threat posed by artificial intelligence, Britain’s foreign secretary is set to warn.(4) Donald Trump’s war against Iran may be over, but the repercussions for global monetary policy are here to stay.(5) Oil and gas shipping along a US-protected corridor in the Strait of Hormuz showed signs of recovering Sunday, a day after a batch of vessels performed unexplained U-turns and detours in the vital energy corridor.Podcast Conversation: The Supertanker Tycoon Making Millions on Hormuz Shuttle RunsSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – we look at the potential impact of AI on the labor market In the UK – we preview the upcoming NATO summit in Turkey In Asia – we discuss inflation in China ahead of new economic data See omnystudio.com/listener for privacy information.

Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.Your morning briefing. All the news you need to start your day.On today's podcast:(1) Wall Street is kicking off the second half of 2026 with fresh conviction: shrugging off one shock after another, markets are set to grind even higher.(2) President Donald Trump and his allies are renewing a push to reshape the Federal Reserve after the Supreme Court this week blocked an effort to fire Governor Lisa Cook.(3) The top US commander for Europe and Africa stepped down on Thursday, following through on a plan that caught military leaders by surprise and sending another signal that the Trump administration wants to scale back its defense commitment to the continent.(4) Andy Burnham said he would increase business rates on warehouse-based companies in order to lower costs for high street shops and bars as he set out details of what he would do if he continues on his path to becoming the next prime minister.(5) Spotify has asked Kalshi and Polymarket to remove its logo and clarify that neither company has a partnership with the streaming service after it identified users manipulating rankings that are tied to prediction market bets.Podcast Conversation: NYC Summer of Fun Now Looks Set to Add Taylor Swift’s WeddingSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A global selloff in chip stocks is rippling through Asian markets, reviving concerns that the AI rally has gone too far, too fast. South Korean stocks slumped as Meta Platforms’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers.(2) Apple is in negotiations to purchase chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced the company to raise prices across its product line.(3) The US floated the idea of granting political and economic benefits to NATO allies that spend more on defense, raising the prospect of a two-tier alliance just before leaders gather for an annual summit.(4) Chancellor Friedrich Merz’s coalition reached an agreement on a set of reforms for Germany’s pension system, labor market and income tax, according to officials familiar with the deliberations.(5) Bank of England Governor Andrew Bailey cautioned that it is too early to consider interest-rate cuts, warning households are yet to feel the full effect of the Iran war.(6) Harry Kane revelled in having his “hero moment” as he saved England from a humiliating World Cup exit to the Democratic Republic of Congo.(7) Near a windswept beach off the southern coast of Australia lies a weirdly accurate indicator of global conflict.Podcast Conversation: Halifax to Rebrand to Lloyds, UK Bank ConfirmsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Ireland takes over the EU Presidency today, at a moment when its policies on technology and defense are under scrutiny.(2) The US government removed foreign access restrictions on Anthropic PBC’s Fable 5 artificial intelligence model, clearing it for wider distribution after the startup resolved the Trump administration’s safety concerns.(3) President Donald Trump reported earning at least $1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure.(4) US negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official, as the countries seek to ease tensions in the wake of recent attacks that imperiled an already fragile ceasefire.(5) The Spanish government is set to grant residency permits to more than 1 million undocumented migrants, double the number that was projected when a mass regularization program was announced in April, according to a person familiar with the matter.(6) Thousands of people joined anti-migrant protests in South Africa yesterday, in a culmination of weeks of demonstrations around the country.Podcast Conversation: Wearing Shorts to Work? That Should Be OK in 2026 See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Europe is becoming less vulnerable to outside shocks thanks to a better financial framework and progress on the green transition, Christine Lagarde said.(2) The European Union and China set an October deadline to make progress on trade disagreements, as tensions rise between the two economic powers.(3) A top Iranian official reiterated the country’s determination to maintain control over maritime traffic moving through the Strait of Hormuz, raising the stakes ahead of fresh negotiations with the US on ending their war for good.(4) The Supreme Court has handed President Donald Trump sweeping power to bend much of the federal regulatory state to his will, a major expansion of executive branch influence that will enable him to fire the heads of independent agencies that police markets, protect consumers and enforce workplace rules.(5) WhatsApp will let the messaging service’s 3 billion global users select a username for their account, a change meant to increase privacy by letting people connect on the platform without having to share their phone number. Podcast Conversation: The New Etiquette for Navigating AI NotetakersSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US and Iran have agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce.(2) Russian President Vladimir Putin said fuel supply problems persist for motorists and businesses, including queues at gas stations, as Moscow weighs measures to stabilize the domestic market after refinery outages.(3) Britain has scrapped plans to replace its aging warships with a new destroyer and will instead procure at least six so-called common combat vessels as it seeks to prepare the military for modern warfare.(4) Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as prime minister.(5) China can endure a further deterioration — or even a freeze — in economic and trade ties with the European Union if talks are treated as a mere formality, according to Yuyuantantian, a social-media account affiliated with China Central Television.(6) Wall Street banks are capitulating on bets for a stronger euro, as markets see the US outpacing Europe on interest-rate hikes for the rest of this year.Podcast Conversation: A Prada Sandal Dispute Tests India's Bid to Protect Its CultureSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the U.S June jobs report with a focus on three stocks for the week ahead. In the UK – a look ahead to this year’s Wimbledon tournament. In Asia – a look ahead to key readings on growth and inflation for Vietnam's economy. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Global stocks slumped to a two-week low as the tech sector came under renewed pressure after a drop in Apple’s shares and a report that OpenAI may delay its IPO. South Korea’s chip-heavy Kospi plunged, triggering a second trading suspension this week.(2) A ship was hit by an unidentified projectile in the Strait of Hormuz on Thursday in the first reported attack since an interim US-Iran peace deal, marking a setback to efforts to restore traffic through the vital energy thoroughfare.(3) Screams and groans echoed from beneath piles of concrete and bricks during the early morning hours on Thursday as residents searched for survivors in the coastal city of Catia La Mar, where rescue teams had yet to reach several collapsed buildings nearly 10 hours after twin earthquakes struck Venezuela.(4) King Charles and Prince William disclosed their personal tax obligations for the first time in their current roles in an attempt to increase the transparency of the British monarchy’s finances.(5) The heat wave searing much of Europe is officially the most severe ever recorded in the region, according to study published on Friday.(6) Naples is leading a regional economic revival in Italy, showing how European Union cash and investments in technology and infrastructure can drive growth in unexpected parts of Europe.Podcast Conversation: Inside the Kitchen Feeding 100,000 Airline Passengers a DaySee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Britain’s next prime minister must not pile more pressure on companies with further tax rises, one of the country’s largest business lobby groups has warned.(2) Influential figures in Andy Burnham’s entourage have urged the would-be prime minister to break up the Treasury to refocus the government’s agenda on growth.(3) NATO Secretary General Mark Rutte played to President Donald Trump’s love of praise and splashy visuals during a visit to Washington that was aimed at easing the US leader’s anger over alliance nations’ reluctance to help with the campaign against Iran.(4) Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong.(5) A searing heat wave continues to disrupt schools, transport and tourist attractions across Europe.(6) Key parts of the oil market are suddenly awash in supply, as a stream of cargoes out of the Strait of Hormuz accelerates after the US-Iran agreement to open the waterway.(7) Brazilian forward Vinicius Junior scored twice yesterday evening as his country booked their place in the World Cup knockout stage. Podcast Conversation: Tokyo Wants You to Wear Shorts to Work. Say NoSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The UK’s grid operator issued a rare summer power supply warning for Wednesday evening as soaring temperatures put stress on the energy system. Bloomberg Opinion's Lara Williams joins us to discuss her latest piece Welcome to the Heat Dome’s Recurrent Dangers(2) Global stocks failed to hold onto early gains following Tuesday’s tech-led rout, as a fresh bout of selling weighed on the sector ahead of highly anticipated results from memory chipmaker Micron Technology(3) President Donald Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress.(4) Italy’s Foreign Minister Antonio Tajani sought to mend fences with the US, saying the two countries should work to de-escalate tensions after a spat between President Donald Trump and Premier Giorgia Meloni.(5) England and Ghana play to 0-0 draw at World Cup despite flurry-filled final minutesPodcast Conversation: The Best Movies, TV, Books, Art and Theater Arriving in JulySee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham appears set to become the UK’s seventh prime minister in a decade after Keir Starmer laid out a timeline for his own departure and potential rivals backed a quick transition to the popular Manchester politician.(2) Starmer entered Downing Street less than two years ago, as the US president headed toward a second term. And he will leave later this summer as yet another short-lived British prime minister who failed to come to terms with the world Trump forged.(3) SpaceX shares slipped for a third straight day, shedding hundreds of billions of dollars in market value, after the Elon Musk-led company said it is selling investment-grade bonds for the first time, part of what’s expected to be a massive borrowing spree to fund its artificial-intelligence ambitions.(4) The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.(5) The German and French governments are set to hold equal stakes in KNDS NV, one of Europe’s most important defense companies, as it gears up for an initial public offering in the near future.Podcast Conversation:How Bosses Psych Themselves Up for Their Biggest MomentsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Allies of Keir Starmer expect him to set out a timetable for his departure as UK prime minister imminently, putting Britain on course for its seventh premier in a decade and paving the way for Andy Burnham to replace him.(2) The pound traded near this year’s low on expectations Keir Starmer will set out a timetable for his departure as UK prime minister in coming days.(3) Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend even after Iran claimed to have closed the waterway again, as Washington and Tehran offer contrasting narratives over the status of the world’s most important shipping chokepoint.(4) France endured sizzling temperatures on Sunday, with trains, concerts and sports events canceled and authorities cracking down on drinking alcohol in public, as an exceptional heat wave unfurled across parts of Europe.(5) Wealth managers keen to stay relevant in the age of artificial intelligence may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next U.S PCE and GDP data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to London Climate Action Week. In Asia – a look ahead to Australia CPI data. - Stuart Paul, US Economist with Bloomberg Economics, previews U.S PCE and GDP data.- Avalon Pernell, Bloomberg Equities Reporter, focuses on 3 stocks for the week ahead.- Joe Wertz, Bloomberg Weather and Climate Reporter, to preview London Climate Action Week.- Olivia Rudgard, Bloomberg Green reporter, to preview London Climate Action Week.- James McIntyre- Bloomberg Economist Covering Australia and New Zealand, previews Australia CPI data.See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Greater Manchester mayor Andy Burnham won a decisive victory for the ruling Labour party in a by-election that delivers him a seat in the UK parliament and with it a pathway to challenge Prime Minister Keir Starmer for his job. (2) British policymakers declared that the business world could fend for itself during Brexit. History suggests they were partly right, but the underlying story, however, is more complicated as the missed opportunities of a lost decade start to stack up. (3) The pound is set to face growing pressure as its recovery from the post-Brexit selloff has made it the most overvalued currency among major peers, according to Goldman Sachs. (4) Vice President JD Vance will not depart Thursday night for face-to-face negotiations with Iran in Switzerland, the White House said, as the US and Iran begin a 60-day countdown to reach a nuclear agreement and a more permanent peace deal. (5) Dutch chip-equipment giant ASML Holding NV is contending with its biggest challenge yet under the Trump administration: In a series of recent meetings, Commerce Secretary Howard Lutnick outlined concerns to ASML’s senior leaders that one of its top-of-the-line machines may have made its way into China, in violation of US-led export restrictions. (6) Lithuanian President Gitanas Nauseda said the European Union shouldn’t rush into peace talks with Russia, distancing himself from recent EU efforts to engage Vladimir Putin. Podcast Conversation: Why Guinness Keeps Growing While Beer Sales Worldwide Fizz Out See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast: (1) President Donald Trump and his team had several red lines that they used to justify the US war against Iran. At a press conference on Wednesday, Trump largely brushed them aside.(2) Hosting his very last Group of Seven summit, Emmanuel Macron needed every base covered to make sure it was a success and he came prepared, even for a surprise at the end.(3) It didn’t take Kevin Warsh long to get the bond market’s attention. In his first press conference as the Fed chair, Warsh again and again emphasized the Fed’s commitment to getting inflation under control.(4) The Bank of England is expected to hold interest rates on Thursday as inflation proves less of a threat than feared and energy costs fall on hopes for an end to the conflict in the Middle East.(5) Harry Kane scored twice to equal the English record for World Cup goals, and Jude Bellingham put England in front for good two minutes into the second half of a 4-2 victory over Croatia on Wednesday.(6) While Europe has fallen behind the US and China in consumer AI, it has a deep trove of production and manufacturing data and expertise from an industrial sector stretching back more than a century.Podcast Conversation: Middle Management Is Getting an Overhaul in the Age of AISee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Iran is set to receive broad financial incentives as part of its agreement with the US, including the right to sell oil immediately, tap a $300 billion development fund and get eventual access to its frozen assets, according to a final draft of the deal.(2) European Central Bank officials are signaling that a US-Iran peace accord won’t necessarily stop them lifting interest rates further, even if it prevents a more pronounced overshoot in inflation.(3) Federal Reserve policymakers are expected to hold interest rates steady on Wednesday, posing an early test for new chairman Kevin Warsh as rising inflation erodes households’ purchasing power and President Donald Trump continues to press for lower borrowing costs.(4) SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com in value to become the fifth-largest stock in the world.(5) HSBC said it will use Alphabet’s Google Cloud to roll out artificial intelligence across its global operations, including through projects that can each generate more than $100 million in extra revenue or savings.(6) When Rupert Lowe was ejected from Reform UK in early 2025 over alleged bullying and threatening behavior, party leader Nigel Farage thought he was cutting loose a liability. Instead, he created one of a different kind.Podcast Conversation: Sam Altman’s Career Coach Teaches AI Bosses ‘Emotional Clarity'See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US President Donald Trump keeps repeating that the Strait of Hormuz — through which one fifth of the world’s oil and liquefied natural gas supplies normally flow — will reopen by Friday.(2) The UK said it would impose fresh sanctions on Russia and extend further energy support to Ukraine, as Prime Minister Keir Starmer and his European allies seek to increase pressure on Vladimir Putin and encourage US President Donald Trump to push for new peace talks to end the conflict.(3) Swiss voters are more inclined to back closer ties with the European Union than reject it, a poll showed in the wake of a plebiscite that had threatened to upend the relationship.(4) China’s consumer spending and investment slumped to levels unseen since the pandemic, exposing risks still facing the economy even as it benefits from a deescalation in tensions around Iran while exports boom.(5) SpaceX shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.(6) Andy Burnham, the prime ministerial-hopeful who markets worry may be too far to the Left, has at least one economic idea that should go down well across the political spectrum: reverse deindustrialization.Podcast Conversation: Polymarket Traders Clash Over $345 Million Iran Peace MarketSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of Tehran’s nuclear program.(2) Oil sank after the US and Iran agreed to an interim deal to end their months-long war, potentially allowing the Strait of Hormuz to reopen and easing a supply crunch that has rattled global energy markets.(3) “We are prepared to lift relevant sanctions in response to clear, verifiable steps by Iran on its nuclear programme,” according to a joint statement from the leaders of the UK, France, Germany and Italy.(4) The Iran war has produced an unusual sight on the Bank of England’s rate-setting panel: unity. Economists don’t expect it to last.(5) Artificial intelligence is pulling the global labor market in two opposite directions, rewarding companies that use AI to enhance human skills, while leaving those who use it merely to cut costs further behind, a new study suggests.(6) Keir Starmer will start a crucial week for his premiership by announcing a package of strong restrictions designed to protect British teenagers from online threats.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next FOMC decision, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to a high stakes UK election and Bank of England decision. In Asia – a look ahead to a monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) SpaceX has made history with the biggest-ever IPO, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world’s first trillionaire.(2) Defense Secretary John Healey quit the UK government after a months-long spending row with the Treasury came to a head, in a move that dramatically dents Prime Minister Keir Starmer’s authority just as rivals are lining up to challenge for his job.(3) President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure.(4) European Central Bank Governing Council member Primoz Dolenc said Thursday’s interest-rate increase was necessary to keep prices in check while officials consider the broader implications of conflict in the Middle East.Podcast Conversation: The Hottest Gen-Z Tech Trend? Anti-AI: Catherine ThorbeckeSee omnystudio.com/listener for privacy information.

Caught between a more confrontational United States and growing competition from China, the European Union faces mounting pressure to boost growth, strengthen competitiveness and preserve its global influence. Ahead of the G7 summit, Bloomberg has been speaking with policymakers, investors and economists about Europe's path forward. In this special podcast, Stephen Carroll draws on conversations with former European Commission Executive Vice-President Margrethe Vestager, Columbia University's Anu Bradford and Citadel's Angel Ubide, alongside reporting from Bloomberg's Brussels Bureau Chief Suzanne Lynch, and exclusive Bloomberg Economics analysis from Chief Euro Area Economist Simona Delle Chiaie. They examine whether Europe is finally ready to deliver the reforms it has long discussed.See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Europe is shaking itself awake. Ten years after Brexit, the European Union is finally, fitfully advancing fundamental changes meant to preserve its wealth and influence.(2) The US military launched strikes against “multiple” targets in Iran for the second straight day after President Donald Trump accused the country of dragging out talks on an interim peace deal.(3) Protestors have clashed with police in Belfast overnight, as UK politicians blame extremists online and Elon Musk for promoting unrest.(4) Microsoft co-founder Bill Gates told a House panel investigating the late financier Jeffrey Epstein that his meetings with the sex offender were “a grave error in judgment.”(5) OpenAI said a group of ChatGPT accounts with ties to China have sought to stir up local opposition to data centers in the US in a potential bid to hinder the country’s competitiveness in artificial intelligence, echoing recent rhetoric from others in the tech industry.Podcast Conversation: Brides Are Hiring Witches to Save Their $100,000 Wedding DaysSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US forces carried out strikes against Iran hours after President Donald Trump blamed Tehran for shooting down an American military helicopter off the coast of Oman.(2) Oil rebounded after the US launched fresh strikes against Iran following the downing of an American helicopter, posing a new threat to a fragile truce that’s been tested by recent attacks in the Middle East.(3) A man is set to appear in court charged with attempted murder over a stabbing attack following a night of violence in Belfast.(4) UK Prime Minister Keir Starmer is preparing to announce a ban on under-16s using social media within days after his position hardened following parents’ response to a government consultation.(5) The prospect of billions of dollars of oncoming demand for SpaceX stock from index-tracking funds risks creating a feedback loop that drives the shares of Elon Musk’s company even higher, academics and market observers have warned.Podcast Conversation: Britain’s Garden Habits Are Making Their Homes Harder to InsureSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) OpenAI, the maker of ChatGPT, filed confidentially for an IPO, joining artificial intelligence rivals in tapping public markets to fund ambitious growth plans.(2) Investors should exercise caution regarding US stocks as an increasing number of “bear market signposts” point to an approaching top, according to Bank of America Securities.(3) Apple said it isn’t currently able to launch Siri AI, its redesigned digital assistant, on iPhones, Apple Watches or iPads in the European Union, marking the company’s latest standoff with the continent’s antitrust watchdog.(4) Iran and Israel agreed to ease strikes against each other after a flare-up in violence threatened to derail peace negotiations and led President Donald Trump to appeal for de-escalation.(5) The Bank of England raised concerns to Reform UK and social media platforms over a barrage of bizarre online posts using fake images of the party’s leader Nigel Farage fighting Governor Andrew Bailey, a person familiar with the matter said.Podcast Conversation: Consumers Who Can't Quit Caffeine Completely Find More OptionsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Israel said it struck several military targets in Iran, retaliating against missile attacks by Tehran despite President Donald Trump’s call for Prime Minister Benjamin Netanyahu to refrain from hitting back.(2) The global airline industry will suffer a sharp profit drop this year, bringing in only about half the collective earnings previously predicted, as fuel costs and the war in Iran take their toll on air travel, the main aviation federation said.(3) A euro-zone interest-rate hike in the coming week is set to place the European Central Bank at the vanguard of global tightening caused by the Iran war.(4) European leaders called on Russian President Vladimir Putin to agree to an immediate and complete ceasefire that allows talks to begin on a lasting peace deal.(5) A UK poll shows that a new Brexit referendum would reverse the vote that led to Britain’s departure from the European Union a decade ago.Podcast Conversation:Diplomacy in the Age of AI: Karishma VaswaniSee omnystudio.com/listener for privacy information.

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

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Ukrainian President Volodymyr Zelenskyy proposed peace talks to Russian leader Vladimir Putin in a rare and combative open letter on Thursday, as efforts to end more than four years of war gained momentum.(2) There was no sign of progress in ceasefire talks between the US and Iran after the worst burst of violence in weeks and as the Tehran-backed Hezbollah militia on Thursday rejected a US-brokered truce in Lebanon.(3) US equity-index futures declined along with Asian stocks as enthusiasm for the artificial-intelligence trade cooled after driving markets to record highs this year.(4) Greater Manchester Mayor Andy Burnham confirmed for the first time his intention to challenge Keir Starmer to be Britain’s prime minister, drawing immediate criticism from the premier who vowed not to walk away from the job.(5) UBS Group AG Chief Executive Officer Sergio Ermotti said he worries about Switzerland’s proposed population cap initiative, saying this is not a solution to the country’s problems.Podcast Conversation: How Two Primary Bedrooms Became a Luxury Necessity for Better SleepSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US said Israel and Lebanon agreed to a ceasefire if Hezbollah also stops fighting, the latest attempt by the Trump administration to keep peace talks with Iran on track as political opposition to the war intensifies.(2) The Republican-led House voted to halt the US war with Iran, breaking with President Donald Trump on an unpopular foreign conflict that is taking an escalating economic toll on Americans.(3) A group of Ukraine’s key European allies are working on plans with Kyiv to engage Russia in negotiations to end the war as they see a shift in momentum strengthening President Volodymyr Zelenskyy’s position.(4) UK Business Secretary Peter Kyle warned his Labour colleagues against pursuing redistribution of wealth without first prioritizing economic growth, as the party faces a potential tilt to the left if Keir Starmer is replaced as prime minister.(5) Some members of the billionaire Glazer family have been debating whether to sell their stake in Manchester United FC, after more than 20 years of ownership that has often been blighted by fan protest, people familiar with the matter said.Podcast Conversation: NeeDoh Squishy Craze Sparks Shortages, Resales and Parent FrenzySee omnystudio.com/listener for privacy information.