Bloomberg Daybreak: Europe Edition

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.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US is proposing new tariffs of at least 10% on imports from 60 trading partners following an investigation into goods allegedly produced by forced labor, as President Donald Trump seeks to rebuild the sweeping tariff wall struck down by the US Supreme Court. (2) The EU will set out on Wednesday how the 27-country bloc hopes to slash its dependence on American and Asian technology, and favour European digital alternatives. (3) British members of parliament are calling on the government to end a major deal with Palantir Technologies Inc. and disclose more details of a military contract with the company, as UK political tension involving the controversial data firm ramps up.(4) SpaceX aims to sell 555.6 million shares ​at $135 apiece for its record-breaking $75 ​billion ⁠initial public ​offering, Reuters reported, citing an unidentified person familiar with the matter.(5) A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway. (6) Vitol’s top executive in the Middle East said that many Western governments still aren’t reckoning with the oil supply crunch that’s rippling around the world due to the blockade of the Strait of Hormuz. (7) Revolut is aiming for a near-$200 billion initial public offering within the next two years, which could hand its founder and CEO Nikolay Storonsky around $76 billion in stock.Podcast Conversation: Fish, Foxes and Frogs Shortlisted to Oust Churchill on UK CashSee 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 Israeli Prime Minister Benjamin Netanyahu offered differing accounts of a call about the fighting in Lebanon, as the US struggled to get efforts toward an Iran peace deal back on track.(2) The European Commission is weighing plans to grant member states additional fiscal flexibility to cope with the impact of high energy costs due to the Iran War, according to people familiar with the discussions.(3) Senior government officials have warned Russian President Vladimir Putin that spending on the war in Ukraine is on an unaffordable path, the most serious sign of internal division in Moscow since the full-scale invasion began.(4) Google parent Alphabet is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway, as the company races to fund its ambitious artificial intelligence spending plans.(5) Britain was still grappling with the explosion of government debt accumulated during the Napoleonic Wars and the industrial revolution was beginning to transform the world. In 1834, the UK had 90 taxes in place with duties on everything from servants to stage coaches.(6) UK Sotheby’s International Realty has been the talk of London’s luxury property market over the past three years. But alongside the firm’s rapid expansion sit allegations of harassment and bullying from current and former employees, revealed by Bloomberg for the first time.Podcast Conversation: McDonald’s Growth Plan Calls for Fancier Chicken, Airier StoresSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Stocks rose to a record as investors doubled down on the artificial intelligence trade that’s powered equities to all-time highs. Oil climbed as a US-Iran ceasefire deal remained elusive. (2) The US and Iran traded messages over the weekend seeking changes to a draft agreement that would extend a ceasefire and open the Strait of Hormuz, but it was unclear whether the sides were making much progress.(3) Europe is rushing to rearm but needs time and clarity from the US to do so, Germany’s Chief of Defense Carsten Breuer said in an interview with Bloomberg TV on the sidelines of the Shangri-La Dialogue defense conference.(4) Andy Burnham, the Greater Manchester mayor who wants to replace Keir Starmer as UK prime minister this summer, has left open the possibility that he could call an early general election if he wins power.(5) Congo’s Ebola outbreak is being detected across a widening swath of the country’s conflict-hit east as health authorities struggle to trace exposed contacts and determine the true scale of the epidemic.Podcast Conversation: Hands Are Physical AI's Anti-Hype Test: Catherine ThorbeckeSee 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 May jobs report, along with a focus on three stocks for the week ahead. In the UK – a look ahead to what comes next in the Ukraine war following fresh EU funds to Ukraine. In Asia – a look ahead to Australia GDP 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) The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a person with knowledge of the matter said, raising hopes the three-month conflict could be nearing a resolution.(2) Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX.(3) Anthropicraised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time.(4) European Commission officials are planning to meet with Anthropic to seek more information on the company’s Mythos model and request making the groundbreaking artificial intelligence tool available to the bloc, according to people familiar with the matter.(5) Andy Burnham, who is seeking to become the UK prime minister this summer, said a government led by him would increase regulations on technology companies and intervene more widely in the economy.Podcast Conversation: Men Are Spraying Themselves 100 Times in New Fragrance FrenzySee 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 carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.(2) Federal Reserve Bank of Chicago President Austan Goolsbee repeated that increased investment and spending due to a projected surge in future productivity growth may be inflationary and require higher interest rates from the US central bank.(3) The European Central Bank should take a close look at how badly the Iran war is weighing on the economy when it decides whether to raise interest rates next month, according to Vice President Luis de Guindos.(4) A surge in UK youth unemployment risks creating a “lost generation,” according to a government-commissioned review that said urgent action is needed to correct a “whole-system failure.”(5) President Volodymyr Zelenskyy rebuffed the idea of Ukraine getting partial membership of the European Union, arguing that his country deserves to be granted full status because its forces are defending all of the bloc from Russia. Podcast Conversation: The $300 Per Month Gym Membership Is Becoming Gen Z’s Night OutSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) China has been slow-walking approval of Airbus SE plane deliveries to signal impatience with how long European regulators are taking to certify Chinese-made aircraft, according to people familiar with the matter.(2) The UK and other western nations are running out of time to maintain their technological edge over China, the UK’s top cyber spy is set to warn Wednesday, urging businesses to work with intelligence officials in order to stay ahead.(3) The US is touting progress toward a peace deal with Iran to end the nearly three-month war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz.(4) Former BP Chairman Albert Manifold pushed back against what he described as a “false narrative” surrounding his surprise departure from the British supermajor. (5) The breakneck surge in memory-chip stocks is intensifying, sending the market capitalizations of SK Hynix Inc. and Micron Technology Inc. above $1 trillion for the first time, as investors bet the AI boom will lead to a sustained revaluation of the industry.(6) Former Labour Prime Minister Tony Blair criticized the party he once led for “playing with fire” in its attempt to oust current premier Keir Starmer, while also slamming the government for lacking a clear agenda.(7) Switzerland will vote on a plan to cap its population at 10 million people in June. It's being a called a "Sustainability Initiative" rather than an anti-immigration policy, after decades of surging population growth. But, the country's biggest companies are worried about where they'll get workers.Podcast Conversation: Anthropic’s Latest AIs Are Making Customers UneasySee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US and Israeli jets struck Iranian vessels in the Strait of Hormuz and other targets, hours after President Donald Trump had suggested negotiations with Tehran over an interim deal were progressing.(2) Israel will intensify its strikes against Hezbollah, Prime Minister Benjamin Netanyahu said Monday, amid stepped-up negotiations between the US and Iran to bring an end to the conflict in the region.(3) Bloomberg Economics has found that find that 27% of workers in advanced economies — more than 120 million in the 31 countries — are likely to be meaningfully affected by AI. That's as Pope Leo XIV said artificial intelligence should be “disarmed” to protect humanity from its dangers.(4) Ebola is spreading faster in Democratic Republic of Congo than responders can contain it, the World Health Organization warned, as suspected deaths climbed above 220 and treatment centers came under attack in the country’s conflict-hit east. (5) The first heat wave of the season continues to scorch Europe over the coming week, sending temperatures toward monthly records in the UK, France and Spain.(6) Israel's economy slumped in the first quarter of the year due to the fallout of the war with Iran. The country has been in a near constant state of conflict over the past 2 years. It is seeing a brain drain, falling foreign direct investment and ballooning defense budgets -- all as Israel prepares to hold elections by October.Podcast Conversation: Swiss Trader Had Lucrative Role Getting Iraqi Oil Through HormuzSee omnystudio.com/listener for privacy information.

On this special Memorial Day edition of Bloomberg Daybreak - hosted by Nathan Hager. We look at the challenges ahead for new Fed Chair Kevin Warsh with Bloomberg News International Economics & Policy correspondent Michael McKee and Anna Wong, Chief US Economist with Bloomberg Economics We preview Costco and Best Buy earnings with Bloomberg Intelligence Analysts Jenn Bartashus and Lindsay Dutch And as we we kick off the unofficial start of summer, we will tell why this could be one of the most expensive Memorial Days on record. We break it all down with Bloomberg's Julia Fanzeres and Mark Niquette 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 U.S PCE and personal spending data, along with a focus on three stocks for the week ahead. In the UK – a look ahead to the Reykjavík Economic Conference in Iceland. In Asia – a look ahead to 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) One inflation spike in the 2020s might be an accident, the world’s biggest bond markets seem to have decided, but two looks like an alarming new trend.(2) The euro area will slow markedly while suffering the fastest inflation since 2023 as it succumbs to the energy-cost surge from the Iran war, according to the European Commission.(3) Confidence among the lowest-earning Britons plunged in May and even those on average pay are digging into savings to meet everyday expenses as the Iran energy shock hits household budgets, a key survey found.(4) Iran said the latest proposal from the US partly bridged the gap between the warring sides, but comments from the Islamic Republic’s supreme leader about keeping Tehran’s uranium stockpile and a dispute over tolls in the Strait of Hormuz clouded the outlook for a breakthrough.(5) President Donald Trump said he would send an additional 5,000 troops to Poland, reversing course on a plan to suspend an Army deployment to the country amid a feud with other NATO nations over what he saw as their refusal to help in the Iran war.(6) Jennifer Zabasajja joins the show to discuss how the Ebola outbreak in Africa compares with previous ones, the impact of aid cuts and how serious the crisis could get. You can hear more of Jennifer's reporting on the topic on this week's Next Africa PodcastPodcast Conversation: Come for the Biking, Stay for the OttersSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Nvidia facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant data center operators that have fueled its runaway growth.(2) Standard Chartered Chief Executive Officer Bill Winters sought to reassure staff after his remarks on using artificial intelligence to replace “lower-value human capital” triggered a sharp backlash on social media and from a former head of state.(3) The way Unilever Chief Executive Officer Fernando Fernandez starts every meeting at the consumer products maker says a lot about the mindset of corporate bosses who fear their companies have lost their edge.(4) The US and Iran traded threats of escalation as the weeks-long standoff in the Middle East dragged on without resolution.(5) The JPMorgan banker named in a graphic sexual harassment suit that went viral last month hit back at her accuser with a defamation counterclaim, calling his allegations “entirely false” and “malicious.”Podcast Conversation: Spa Weekends Have Found a Crucial New Attraction in MahjongSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates.(2) Borrowers poured into Europe’s bond market at the fastest pace ever, locking in funding before the region’s central bank is likely to hike interest rates.(3) Chancellor of the Exchequer Rachel Reeves has privately proposed voluntary price freezes on food in supermarkets, as the UK government seeks to ease cost of living pressures for struggling Britons.(4) President Donald Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war, after he said he had just called off a US attack.(5) The European Union finalized the text of its long-delayed US trade deal after months of negotiations, clearing a major hurdle to ratifying the pact before President Donald Trump’s threatened deadline to impose higher tariffs.(6) The UK’s right-wing Reform party has a warning for investors: don't bet on renewable energy projects awarded by the sitting Labour government.(7) When it comes to financial management, religious organizations have had a lot of catching up to do.Podcast Conversation: Arsenal's decades-long wait is over.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 said he called off a strike on Iran planned for Tuesday after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution.(2) Standard Chartered Chief Executive Officer Bill Winters delivered a blunt message on the future of the bank’s workforce, warning that a push into artificial intelligence will eliminate thousands of roles as the lender replaces “lower-value human capital” with technology. (3) A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company.(4) Greenland’s leader said he had a “constructive” meeting with Donald Trump’s envoy to the Arctic island, but warned there were no signs the US president has changed his ambition to acquire the territory.(5) Andy Burnham, the current favorite to replace Keir Starmer as UK prime minister, has ruled out changing the government’s self-imposed limits on borrowing if he were to gain power.(6) An unprecedented influx of wealth has pushed up rents and living costs in Milan, a city once seen as a second-tier financial center. Tax incentives have drawn returning professionals and wealthy expats from countries such as the UK that have phased out similar advantages. Podcast Conversation: Your Favorite Thing to Do on Vacation Is Making Travel WorseSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks will need to keep tightening policy.(2) Oil prices above $100 a barrel, with US-Iran ceasefire talks stalled and trade through the Strait of Hormuz heavily disrupted, continue to stoke global inflation pressures(3) Oil rose for a third day as President Donald Trump again pressured Iran to come to a deal to end weeks of war and reopen the crucial Strait of Hormuz.(4) China’s growth slowed across the board in April with investment resuming declines, as booming exports no longer offset a deteriorating economy at home.(5) The thorny question of whether Britain should unwind a decade of estrangement from the European Union is resurfacing as the Labour Party starts to imagine a future beyond Prime Minister Keir Starmer.(6) A British dealmaking boom has London’s M&A advisers on track for their best year in more than a decade, standing in contrast to investor fears over the country’s latest political crisis.Podcast Conversation: Swatch Shops Shut as Audemars Piguet Collaboration Causes MayhemSee 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 earnings from Nvidia and a focus on three stocks for the week ahead. In the UK – a look ahead to earnings from Europe’s largest low-cost airlines. In Asia – a look ahead to Japan GDP data. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A potential challenge to UK Prime Minister Keir Starmer’s leadership from one of the nation’s most popular Labour Party politicians sent the pound tumbling by casting doubt on the future of his government and its efforts to rein in the national debt.(2) US President Donald Trump signaled China is willing to support negotiations with Iran, as he pushes for a diplomatic resolution to end the war and reopen the Strait of Hormuz, after a commercial vessel was apparently seized near the United Arab Emirates.(3) Governing Council member Yannis Stournaras warned that the European Central Bank could be forced to hike borrowing costs if the price of oil maintains its current level, according to Athens News Agency.(4) Federal Reserve Governor Stephen Miran said he will resign from the central bank effective once incoming Chair Kevin Warsh is sworn into office, or shortly before.(5) Nvidia shares rose on Thursday, extending a 20% rally over the past seven days as investors plow into the chipmakers profiting from a flood of investment spending on artificial intelligence.See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Xi Jinping warned Donald Trump of a potential conflict over Taiwan if the issue is mismanaged, saying it could push the China-US relationship into a highly dangerous situation.(2) Angela Rayner, the UK’s former deputy prime minister, has been cleared of deliberate wrongdoing in an investigation into her tax affairs, potentially paving the way for a leadership bid against Prime Minister Keir Starmer.(3) European Union leaders must show courage in strengthening the bloc’s foundations, according to European Central Bank President Christine Lagarde. “Europe now finds itself in a world that is far less forgiving of the gaps in its institutional architecture,” she said Wednesday in Aachen, Germany. “Institutions that were built for an earlier age are being tested by demands they were not fully designed to meet.”(4) The US Senate narrowly confirmed Kevin Warsh as chair of the Federal Reserve, setting up the most controversial leadership transition at the US central bank in decades and a test of its political independence.(5) More UK estate agents have reported falling house prices in April as the war in Iran and elevated borrowing costs hit buyer confidence, according to a closely watched survey.(6) Back in the 2000s, the market for pension risk transfers was an eat-what-you-kill industry, and pickings were slim. Nearly two decades on, PRTs are a much easier sell and there are £1.3 trillion of assets to fight for. Podcast Conversation: Stressed? Overscheduled? There’s More Time in the Day Than You ThinkSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) UK Prime Minister Keir Starmer survived in post on Tuesday despite a slew of ministerial resignations which have so far failed to force his downfall.(2) As UK Prime Minister Keir Starmer slowly loses allies in government and fights for his survival, the escalating political drama is heaping fresh pressure onto a bond market already battered by the country’s deep-rooted fiscal and economic problems.(3) Jamie Dimon warned the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK’s prime minster would see JPMorgan Chase & Co. scrap plans to invest billions in a new London headquarters in Canary Wharf.(4) France’s economy is showing signs of faltering as the fallout from the Middle East conflict hits growth and ratchets up inflation pressure, according to the central bank’s monthly survey of companies.(5) Oil shipments from Iran’s main export terminal appear to have come to a standstill over the past several days, according to satellite images, the first sign of a prolonged halt since the start of the war.(6) US President Donald Trump said he would prioritize trade discussions during his summit with Chinese counterpart Xi Jinping, and downplayed the amount of attention they would devote to the Iran war.(7) When President Donald Trump sits down for talks with China’s Xi Jinping this week, the focus will be on whether the world’s two-biggest powers can stabilize a fraught relationship. But it is the countries caught in between that have been forced to navigate the fallout from the geopolitical storm.Podcast Conversation: Solar is Now so Big in Europe That Power is Going to WasteSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Keir Starmer was facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, joined the calls for him to set out a timetable for his departure.(2) A Schroders bond-fund manager is steering clear of UK debt on concern that political upheaval will drag yields higher in the coming months.(3) The ceasefire between the US and Iran reached a particularly precarious moment Monday as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer.(4) The US sanctioned a dozen entities and individuals over the sale of Iranian oil to China, stepping up economic pressure just days before President Donald Trump meets his counterpart Xi Jinping.(5) Michael Burry, the investor made famous in The Big Short, is warning that the Nasdaq 100 Index is headed toward a dramatic reversal after a “parabolic” surge that has driven technology valuations to unsustainable heights.(6) In the time it usually takes to watch one football match, the Kospi index shed more than $300 billion in value as the gauge slumped on Tuesday. That’s a bit more than $3 billion a minute in the benchmark index alone, and the scale of the slide helped sour sentiment across Asia.(7) On the 13th floor of the Berlaymont building in Brussels, Ursula von der Leyen has built a presidential operation that exerts control over every aspect of what goes on inside the European CommissionPodcast Conversation: What Teens Need From Parents 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) Prime Minister Keir Starmer’s political problems have likely grown too big to solve with a single speech. For now, he will try to forestall an immediate challenge to his job.(2) President Donald Trump and Iran rejected each other’s latest peace proposals to end the 10-week conflict as the two sides struggle to maintain a fragile ceasefire.(3) President Donald Trump is expected to press President Xi Jinping over China’s approach to Iran and hammer out details on a new board of trade when they meet this week in Beijing, senior US officials said Sunday, hours before China confirmed the state visit.(4) China’s factory prices grew at the fastest pace since the pandemic four years ago as the fallout from the Iran war sharply raises costs and leaves profits under pressure.(5) US allies in Europe anticipate that President Donald Trump will withdraw more forces from the continent after he announced he would pull 5,000 troops out of Germany, people familiar with the matter said.(6) Over the past year, Alphabet has gone from an artificial intelligence afterthought to the one firm in the market with dominant positions in nearly every aspect of the technology.(7) Two months of crisis in the Middle East show the conventional tactic of ditching emerging-market assets in times of market stress is no longer a sure-fire defensive play.Podcast Conversation: Gelato Is Getting Weird and Not Everyone Is Happy About ThatSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Prime Minister Keir Starmer’s political problems have likely grown too big to solve with a single speech. For now, he will try to forestall an immediate challenge to his job.(2) President Donald Trump and Iran rejected each other’s latest peace proposals to end the 10-week conflict as the two sides struggle to maintain a fragile ceasefire.(3) President Donald Trump is expected to press President Xi Jinping over China’s approach to Iran and hammer out details on a new board of trade when they meet this week in Beijing, senior US officials said Sunday, hours before China confirmed the state visit.(4) China’s factory prices grew at the fastest pace since the pandemic four years ago as the fallout from the Iran war sharply raises costs and leaves profits under pressure.(5) US allies in Europe anticipate that President Donald Trump will withdraw more forces from the continent after he announced he would pull 5,000 troops out of Germany, people familiar with the matter said.(6) Over the past year, Alphabet has gone from an artificial intelligence afterthought to the one firm in the market with dominant positions in nearly every aspect of the technology.(7) Two months of crisis in the Middle East show the conventional tactic of ditching emerging-market assets in times of market stress is no longer a sure-fire defensive play.Podcast Conversation: Gelato Is Getting Weird and Not Everyone Is Happy About ThatSee 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, PPI, and Retail sales data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to the annual Cannes film festival. In Asia – a look ahead to US Treasury Secretary Scott Bessent's Trip to 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) Keir Starmer is awaiting the results of one of the most consequential rounds of local elections in recent British history, a vote that could determine his future as prime minister and shape national policy in Europe’s second-largest economy.(2) The US struck military targets in Iran after the country fired on three Navy destroyers sailing in the Strait of Hormuz, an escalation that threatened to fracture a fragile ceasefire and reignite hostilities even as the two sides say they’re discussing an end to the war.(3) The European Central Bank will have to raise interest rates if the Iran war leaves a more lasting mark on inflation, according to Executive Board member Isabel Schnabel.(4) President Donald Trump’s 10% global tariffs were declared unlawful by a federal trade court in a fresh blow to the administration’s economic agenda, just months after the US Supreme Court vacated earlier levies he’d imposed.(5) President Donald Trump said he would give the European Union until July 4 to ratify its trade agreement with the US, after previously threatening to hike tariffs on auto imports as soon as this week if it failed to do so.(6) In some circles on Wall Street, the hottest debate isn’t about a tech-stock bubble or $100 oil as the new norm. It’s whether 30-year Treasury yields will mount a sustained push over 5%.Podcast Conversation: New Media Mourns the Old Media It Helped DestroySee omnystudio.com/listener for privacy information.