Bloomberg Daybreak: Europe Edition

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Nvidia Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are on track to generate half a trillion dollars in revenue. (2) Donald Trump said he expects to lower tariffs the US has imposed on Chinese goods over the fentanyl crisis and speak with China’s Xi Jinping about Nvidia Corp.’s flagship Blackwell artificial intelligence chip, as leaders of the world’s biggest economies seek to ease tensions in a meeting on Thursday. (3) UBS Group profit beat expectations in the third quarter as investment banking revenue and lower-than-forecast legal costs boosted performance. (4) Deutsche Bank AG exceeded analyst estimates for fixed-income trading, and Banco Santander posted third-quarter results that beat analysts’ estimates in its sixth consecutive quarterly record. (5) Hurricane Melissa is expected to make landfall in Cuba just hours after it became the strongest recorded storm to strike Jamaica, where it left hundreds of thousands without power and forced hospitals to evacuate. (6) Prime Minister Benjamin Netanyahu ordered “forceful strikes” against Hamas in response to attacks on Israeli soldiers in Gaza, jeopardizing a US-brokered ceasefire that’s held for just over two weeks. High Frequency Trading Triggers a Showdown Over a London Rooftop: For years, a drab building located just one mile past the skyscrapers of London’s Canary Wharf neighborhood has been the site of one of the fiercest battles in the world of high-frequency trading. Podcast Conversation: Bone-In Fried Chicken Is Making KFC ‘Irrelevant’ and ‘Invisible’See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) HSBC raised its profitability outlook for 2025 even as earnings slid following an unexpected $1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a decade ago. (2) BNP Paribas’s trading unit suffered a hit from souring debt in the third quarter, adding to challenges for Chief Executive Officer Jean-Laurent Bonnafe after a string of recent setbacks. (3) Goldman Sachs Group Chief Executive Officer David Solomon downplayed concerns that have surfaced following the collapse of US firms First Brands Group and Tricolor Holdings, and said he doesn’t see any systemic risk looming in the credit market. (4) Amazon.com plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter. (5) Tom Hayes, the former star UBS Group AG trader who became the face of the Libor rigging scandal, sued his former employer accusing it of handing him over on a “silver platter” to global prosecutors in order to protect the bank and its senior leadership. (6) President Donald Trump hailed the US’s alliance with Japan, reaffirming ties with a longstanding partner and praising new Prime Minister Sanae Takaichi on her plans to ratchet up defense spending as the pair met in Tokyo. (7) France’s National Assembly adopted an amendment on Monday that would increase taxes on the country’s largest companies next year, part of the government’s effort to rein in the deficit and find compromises with opposition lawmakers.Europe's Solar Boom: In 2020, Europe installed 23 gigawatts of solar, according to BloombergNEF data. Each year since then a new record has been set, with some 69.2 gigawatts expected to be added this year, capping a more than quadrupling of capacity in the last decade. Podcast Conversation: London’s Black Cabs Face a Driverless ThreatSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The Chinese Communist Party’s official mouthpiece called on the world’s biggest economies to “jointly safeguard hard-won achievements” from their latest trade talks, ahead of a high-stakes meeting between Donald Trump and Xi Jinping. (2) Top trade negotiators for the US and China said they came to terms on a range of contentious points, setting the table for leaders Donald Trump and Xi Jinping to finalize a deal and ease trade tensions that have rattled global markets. (3) HSBC will set aside $1.1 billion to cover litigation by investors who lost money in Bernard Madoff’s fraud, the latest global bank to face a significant hit from cases dating back years. (4) President Javier Milei’s party won Argentina’s midterm vote Sunday, a result that will give the libertarian leader a strong foothold in Congress to continue pursuing aggressive free-market policies that have won praise and a financial lifeline from Donald Trump. (5) Former Bank of England Governor Mervyn King says the Labour government lacks a coherent economic strategy. (6) Trading houses, hedge funds and banks are on a hiring spree for specialist gold traders as interest in the metal soars, creating a battle for talent that is driving up pay packages in what has historically been a niche market. Podcast Conversation: Housekeeper Salaries Top $100,000 as Luxury Furniture BoomsSee 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 Fed meeting and earnings from U.S tech giants. In the UK – a look ahead to European defense earnings. In Asia – a look at top interviews from the APEC Finance Ministers' Meeting in South Korea. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) US President Donald Trump is aiming for a quick win in a pivotal Thursday meeting with Chinese counterpart Xi Jinping, even if the outcome falls short of the sweeping deal he’s teased on issues at the heart of the rivalry between the world’s two largest economies.(2) China needs a bolder spending package to mend the finances of households and companies, according to a central bank adviser, as signs of resilience in the economy mask the damage wrought by the trade war with the US.(3) Oil was on track for the biggest weekly gain since June after US sanctions on major Russian producers upended the market, raising the prospect for supply disruptions and greater demand for alternative grades.(4) Binance co-founder Changpeng Zhao has received a pardon from Donald Trump, one of the biggest moves yet by the president to fully embrace the crypto industry and give legal reprieves to some of its most prominent people.(5) Reform UK leader Nigel Farage says Bank of England Governor Andrew Bailey has "had a good run." Speaking to Bloomberg's Mishal Husain, he adds: "We might find someone new."Podcast Conversation: ChatGPT Is a Bad Personal Shopper — But It’s LearningSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The Trump administration announced sanctions on Russia’s biggest oil producers, rolling out its first major package of financial punishments on President Vladimir Putin’s economy as part of a fresh bid to end the war in Ukraine.(2) The Trump administration is weighing export restrictions against China that would bar the purchase of a wide swath of critical software, a White House official said Wednesday.(3) Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming $1 trillion pay package and blasting the shareholder advisory firms that have come out against the plan.(4) SAP, Europe’s most valuable software company, reported third-quarter cloud revenue that missed analysts’ estimates in a sign that trade disputes and a weaker economy are weighing on sales.(5) A majority of European Union countries, including Germany and France, are calling for a systematic review of the bloc’s regulations by the end of the year to dismantle old rules that pose challenges for the competitiveness of its companies. Podcast Conversation: Wine Bars Are Booming Due to Casual Dining Trends, Tough EconomySee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Gold and silver saw their steepest selloff in years as investors locked in profits on concern that the recent historic rally in the precious metals left them overvalued.(2) European nations are working with Ukraine on a 12-point proposal to end Russia’s war along current battle lines, pushing back against Vladimir Putin’s renewed demands to the US for Kyiv to surrender territory in return for a peace deal.(3) President Donald Trump said Tuesday he did not want to have “a wasted meeting” with Russian President Vladimir Putin, the latest sign that a planned second summit between the two leaders could be in jeopardy.(4) US President Donald Trump predicted an upcoming meeting with his Chinese counterpart, Xi Jinping, would yield a “good deal” on trade — while also conceding that the highly anticipated talks may not happen.(5) Netflix said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.(6) The Bank of England warned of parallels between the $1.7 trillion private credit boom and the subprime debt crisis, as UK officials confirmed plans to subject the market to stress tests.Podcast Conversation: Sorry, Pop Mart, Labubu Is Just Not Lego or Pokemon: Shuli RenSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) US President Donald Trump has cast doubt on Ukraine's ability to defeat Russian forces, marking a dramatic shift from his previous view that the country could reclaim all of its territory.(2) The UK is preparing to spend "well over" £100 million to send its forces into Ukraine and provide aircraft for a stabilization force if a ceasefire agreement with Russia is reached.(3) Australia and the US have signed a pact to increase America's access to rare earths and other critical minerals in a deal to counter China's control over supply chains.(4) Sanae Takaichi has become Japan's first female prime minister and his preparing to announce her cabinet later today after winning a vote in the lower house of parliament.(5) Amazon Web Services. the world's largest cloud provider, said its operations have returned to normal after an internet outage disrupted many of the world's biggest websites and apps.(6) Shares in French bank BNP Paribas plummeted by almost eight per cent after a US court ruling linked it to human rights abuses in Sudan.Podcast Conversation: The Brazen, 7-Minute Jewelry Heist at the LouvreSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Israel launched strikes against Hamas in Gaza and reportedly suspended all aid shipments on Sunday after blaming Hamas for a lethal Palestinian ambush that left two soldiers dead.(2) The world-renowned Louvre museum in Paris was shut on Sunday after several pieces of invaluable jewelry were stolen in a brazen robbery.(3) China said the economy is still on track to reach this year’s expansion goal even after reporting the weakest growth in a year, with a boost from booming exports undermined by weak spending and investment.(4) President Donald Trump listed rare earths, fentanyl and soybeans as the US’s top issues with China just before the two sides return to the negotiating table and as a fragile trade truce nears expiration.(5) Software and computer services companies saw the biggest rise in profit warnings among UK-listed firms last quarter, according to a report from consultancy EY-Parthenon.(6) French bond futures declined after S&P Global Ratings downgraded its sovereign credit score, an unscheduled move that highlights the nation’s fiscal woes and places its debt at risk of forced selling by some funds.Podcast Conversation: A $1.2 Trillion Question: Can Conferences Be Less Terrible?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 earnings from Tesla and Netflix. In the UK – a look ahead to European bank earnings. In Asia – a look ahead to a meeting between President Donald Trump and Australia Prime Minister Anthony Albanese. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) US President Donald Trump said he would hold a second meeting with Russian President Vladimir Putin “within two weeks or so” aimed at ending the war in Ukraine.(2) NATO countries should keep “all options” open if Russia violates their airspace again, including shooting down Russian jets, Canadian Prime Minister Mark Carney said.(3) A brutal rout in regional bank stocks is highlighting a view that is taking hold among jittery traders: Sell now, ask questions later.(4) BBVA SA’s $19 billion offer for Banco Sabadell SA was rejected by nearly three quarters of shareholders, ending a takeover saga that has been going on for 17 months in a major setback to the pursuer.(5) The White House is poised to ease tariffs on the US auto industry, a move that would deliver a major win for carmakers that have aggressively lobbied to stem the fallout from record-level import duties.Podcast Conversation: Here’s Why 1990s Nostalgia Has Lasted Beyond Its Expiration DateGet the latest episode of the Mishal Hussain Show HereSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Chinese state actors systemically and successfully compromised classified UK government computer systems for more than a decade, according to two former senior security officials and other government officials familiar with the matter. (2) US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare-earth elements. (3) Chancellor of the Exchequer Rachel Reeves needs to raise her fiscal buffer fivefold to have a better-than-even chance of avoiding more tax rises and spending cuts in the coming years, according to the Institute for Fiscal Studies. (4) French premier Sebastien Lecornu appears set to survive two no-confidence motions on Thursday after announcing plans to suspend a contentious pension law in order to win support in the National Assembly. (5) President Donald Trump said he had authorized the Central Intelligence Agency to take covert action in Venezuela, arguing that he had to stem the flow of drugs and illegal migrants into the US. Podcast Conversation: Smart Glasses Shouldn’t Replace SmartphonesSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Federal Reserve Chair Jerome Powell signaled the US central bank is on track to deliver another quarter-point interest-rate cut later this month, even as a government shutdown significantly reduces its read on the economy. (2) US President Donald Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the relationship between the world’s two largest economies. (3) JPMorgan Chase CEO Jamie Dimon sounded warnings on the potential for a deterioration in credit quality, a cautionary note that put a damper on the firm’s surge in trading and investment-banking revenue. (4) ASML’s orders beat analyst expectations in the third quarter, as demand for its chip-making machines was fueled by hundreds of billions of dollars in investment into artificial intelligence infrastructure. (5) Prime Minister Sebastien Lecornu won the crucial support of the Socialist Party in France’s National Assembly, significantly improving the chances of his new government surviving two no-confidence votes Thursday. (6) Bank of England Governor Andrew Bailey raised concerns about the UK economy running “under potential” and a softening jobs market, as Chancellor of the Exchequer Rachel Reeves flew to Washington to make her growth pitch to investors. Podcast Conversation: The Best New Hotel in London Fixes What’s Wrong With LuxurySee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump used a one-day tour of Israel and Egypt to soak in the praise from fellow leaders and lay out a vision for broader Middle East peace after the success of US-led mediation efforts to end the fighting in Gaza.(2) US President Donald Trump and Chinese leader Xi Jinping’s latest tit-for-tat showdown has both countries claiming the ball is now in the other’s court, with the clock ticking toward another escalation in import tariffs.(3) Federal Reserve Bank of Philadelphia President Anna Paulson signaled she favors two more quarter-point interest-rate cuts this year, as monetary policy should look through the impact of tariffs in consumer price increases.(4) Brexit and former Prime Minister Liz Truss made the UK a less-competitive, slower-growing economy that faces a greater risk of inflation, Bank of England policymaker Catherine Mann said.(5) Silver prices touched an all-time high near $53 an ounce, as a historic short squeeze in London added momentum to a rally that’s been fueled by surging demand for safe-haven assets.(6) SpaceX’s Starship deployed test satellites in space and returned to Earth largely intact, repeating earlier milestones critical to Elon Musk’s goal of readying the vehicle for regular launches to orbit and beyond.Podcast Coversation:A $131 Billion Crypto Crash Has Traders Fearing Lasting DamageSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Local media in Israel say seven hostages have been released by Hamas, under the US-brokered ceasefire deal.(2) The White House has signalled it's open to doing a deal with China to calm fresh trade tensions, days after announcing new 100% tariffs.(3) Stocks, oil and cryptocurrencies were hammered Friday by the flare-up in tensions, but US equity-index futures jumped on the change in tone.(4) President Macron has announced a new French Cabinet amid growing pressure to prevent a political crisis and pass a budget.(5) Japan's Komeito party - a former ally to the ruling LDP - has hinted it doesn't rule out cooperating with the opposition.(6) Two of the UK's largest homebuilders are introducing their own versions of the now-defunct "Help to Buy" scheme to stimulate the UK's housing market.Podcast Conversation: AI 'Workslop' Is Making a Mess for ManagersSee 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 earnings for U.S banks. In the UK – a look ahead to the annual New Energy Finance summit in London. We also focus on a conversation with Citadel CEO Ken Griffin from Citadel’s securities conference on gold. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Israel’s government approved a deal that will see Hamas release any remaining hostages held in Gaza in exchange for more than 2,000 prisoners, another major step toward fulfilling the terms of a peace agreement and ending the two sides’ bloody conflict.(2) Norway is bracing for the aftermath of the Nobel Peace Prize announcement on Friday as the Nordic nation has faced increasing pressure from Donald Trump and his administration to award it to the US leader.(3) The political power players aren’t the only ones jockeying to shape the shifting balance of power in a turbulent France.(4) The US rushed to stabilize Argentina’s economy on Thursday, offering $20 billion in financing and carrying out a rare intervention in currency markets to prop up the peso after weeks of sharp declines.(5) New York Attorney General Letitia James was indicted by a federal grand jury in Virginia, making her the second of President Donald Trump’s perceived political enemies to be criminally charged in two weeksSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Israel and Hamas have agreed to terms for the release of all hostages held by the Palestinian militant group in Gaza, a major breakthrough in the US- and Qatari-brokered negotiations to end their two-year war.(2) French President Emmanuel Macron said he’ll name a new prime minister by Friday evening, having for the time being avoided the need to call a snap election that would have deepened the political chaos in France.(3) China has tightened curbs on rare earths to include items manufactured abroad, adding a potentially complex layer of restrictions to an industry that’s been a source of intense trade friction between Beijing and Washington.(4) HSBC Holdings Plc plans to take Hang Seng Bank Ltd. private in a deal that values the lender at $37 billion, ramping up its exposure to Hong Kong as the financial hub attempts to bounce back from years of economic turbulence.(5) With Britain’s venerable Conservatives desperate to avoid political oblivion, delegates at the party’s annual conference found themselves prompted to seek guidance from a prime minister who left office 35 years ago. “Ask the Iron Lady,” urged a poster from the Conservative Women’s Association. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally. (2) From across the political spectrum, Emmanuel Macron’s rivals are turning up the pressure on the French president, demanding their choice of prime minister, snap elections and even his resignation. (3) Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. (4) Teams from the US, Qatar, Israel and other nations are headed to Egypt as part of a final push for a deal with Hamas aimed at ending the two-year war that’s devastated Gaza and destabilized much of the Middle East. (5) Saving a lifetime’s worth of earnings still wouldn’t be enough for the average British worker to reach the ranks of the wealthy, according to a new report revealing that economic inequality in the country has dramatically worsened over the last 15 years. (6) Cristiano Ronaldo’s football career has been a series of glittering firsts, from a record transfer to Real Madrid to scoring more competition goals than any man in history. He’s now notched up another huge win off the pitch: becoming the first billionaire player. Podcast Conversation: Taylor Swift’s ‘Showgirl’ Media-Blitz Had a DownfallSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Emmanuel Macron gave his outgoing prime minister, Sebastien Lecornu, 48 hours to negotiate with France’s political parties in a last-ditch effort to prevent the country from falling deeper into crisis.(2) President Donald Trump said he would negotiate with Democrats over health care subsidies, a move that could open the door to resolving the government shutdown that has stretched into a second week.(3) Advanced Micro Devices Inc. landed a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry.(4) Citadel’s Ken Griffin said investors are starting to view gold as a safer asset than the dollar, a development that’s “really concerning” to the billionaire investor.(5) Bank of England Governor Andrew Bailey said Britain must boost investment if it wants to reap the rewards from any economic boom triggered by artificial intelligence.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) France’s Prime Minister Sebastien Lecornu resigned Monday just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis and sparking a selloff of French assets.(2) Gold rose to another record — closing in on the $4,000 an ounce mark — as the US Federal government shutdown dragged on.(3) President Donald Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that’s devastated Gaza and destabilized the Middle East as the warring sides are set to begin mediated talks on Monday.(4) UK Home Secretary Shabana Mahmood will give police new powers to place limits on repeated protests and is considering legislation to ban them outright, after weeks of demonstrations led to mass arrests and strained resources.(5) French President Emmanuel Macron’s decision to appoint a broadly unchanged cabinet sparked an immediate backlash from opposition parties, undermining Prime Minister Sebastien Lecornu’s chances of surviving a make-or-break week in parliament.(6) OPEC+ is showing a cautious commitment to keep battling for a share of the global oil market — despite signs that a long-awaited surplus is starting to emerge.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Japan’s election of a pro-stimulus leader shook up global markets, sending stocks surging on prospects for more spending, while currencies and bonds weakened, driving investors toward alternative assets such as gold and Bitcoin.(2) President Donald Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that’s devastated Gaza and destabilized the Middle East as the warring sides are set to begin mediated talks on Monday.(3) UK Home Secretary Shabana Mahmood will give police new powers to place limits on repeated protests and is considering legislation to ban them outright, after weeks of demonstrations led to mass arrests and strained resources.(4) French President Emmanuel Macron’s decision to appoint a broadly unchanged cabinet sparked an immediate backlash from opposition parties, undermining Prime Minister Sebastien Lecornu’s chances of surviving a make-or-break week in parliament.(5) OPEC+ is showing a cautious commitment to keep battling for a share of the global oil market — despite signs that a long-awaited surplus is starting to emerge.Podcast Conversation: Custom Vacheron Constantin Timepiece Shines at the Louvre: EssaySee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the impact of lumber and timber tariffs on housing, and President Donald Trump’s Pfizer deal on drugmakers. In the UK – a look ahead to the Nobel Prize decisions. In Asia – a look ahead to the impact of the Golden Week holiday. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK counter-terrorism police named a British citizen of Syrian descent as the perpetrator of an attack on a synagogue that killed two people. Jihad Al-Shamie, 35, carried out the attack on the Heaton Park Hebrew Congregation Synagogue in Manchester on Thursday morning, according to statements from Counter Terrorism Policing and Greater Manchester Police.(2) German air traffic control said it suspended flight operations at Munich Airport Thursday evening after several drone sightings, affecting multiple departures and thousands of passengers at the country’s second-biggest hub.(3) - Bridgewater Associates’ flagship macro fund climbed 26.4% in the first nine months of this year as tariff-fueled market uncertainty boosted the firm and its peers.(4) President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its second day.(5) Boeings 777X is slated to fly commercially for the first time in early 2027 instead of next year, people familiar with the matter said, a fresh setback to the US planemaker that sets the stage for potentially billions of dollars in accounting charges.Podcast Conversation: Inside the US-China Battle Over Undersea Internet Cables ...See omnystudio.com/listener for privacy information.

On today's podcast:(1) The US Supreme Court refused to allow President Donald Trump to immediately oust Federal Reserve Governor Lisa Cook while she sues to keep her job, dealing a setback to his efforts to exert more control over the central bank.(2) White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown.(3) Arab and Muslim national leaders are pushing Hamas to accept the Gaza plan unveiled by US President Donald Trump this week, saying the need to end the fighting surpasses concern about the finer details.(4) German Chancellor Friedrich Merz lashed out at Viktor Orban during a meeting of European Union leaders in Copenhagen on Wednesday, accusing the Hungarian prime minister of derailing discussions on the bloc’s security needs.(5) French unions are holding a new round of anti-austerity protests Thursday, seeking to maintain pressure on Prime Minister Sebastien Lecornu as he struggles to pull together a budget proposal.Podcast Conversation: Broadway Musicals Need to Take More Risks: Allison SchragerSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Congress blew past a midnight funding deadline, triggering the US government’s first shutdown in nearly seven years — and the third under President Donald Trump. (2) US equity-index futures fell as the deadline to avert a government shutdown lapsed, disrupting one of the country’s largest employers and threatening to delay key economic data releases(3) Pfizer has won a reprieve from the US President's threatened tariffs on the pharmaceutical industry. The drugmaker agreed to cut some prices by up to 85% and sell directly to the public in the US. (4) Keir Starmer was battling for his future a week ago. After the retreat of his main Labour rival and his decision to take the gloves off against populist rival Nigel Farage, the UK prime minister’s shored up his standing. (5) Bloomberg's Women, Money & Power convenes the most influential voices from across the global finance industry for the second year to debate and discuss the critical issues facing the future of investing, real estate, consumer banking and private markets, as well as philanthropists, owners and CEOs.Podcast Conversation: Fancy, Fattier $60-a-Pound Butter Is the Latest Must-Have LuxurySee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Vice President JD Vance said he believes the US government is on track to shut down, seeking to pin the blame on Democrats one day before federal funding is set to lapse. (2) President Donald Trump and Israeli Prime Minister Benjamin Netanyahu said they had agreed to a 20-point plan designed to end the war in Gaza, though the prospects for peace remained unclear without the direct involvement of Hamas.(3) Chinese President Xi Jinping is renewing a push for the US to change a decades-old phrase describing its stance on Taiwan independence, a concession that would be a major diplomatic win for Beijing.(4) Theresa May danced to ABBA. Rishi Sunak had his wife introduce him. Liz Truss spent the whole time scrapping budget measures announced only days before.(5) European Union leaders meeting in Copenhagen this week will discuss a slate of flagship defense projects, including a European drone wall and an air-defense shield.Podcast Conversation:How to Play Alphadots, Bloomberg's New Daily Word PuzzleSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Chancellor of the Exchequer Rachel Reeves can be sure the bond markets have her back. But on Monday she faces down her own party, and she may find them tougher to win over.(2) The government is set to define what “contributions” foreign workers must make in order to claim settled status in the UK, marking a tightening of its stance on legal migration.(3) UK companies are becoming less forthcoming about what they’re willing to pay to fill open roles, indicating that employers are no longer under pressure to boost wages in a weakening labor market.(4) Moldova’s ruling pro-European party was on track to win re-election, keeping the country on the path to European Union membership and raising the risk of an escalation in tensions with Russia.(5) Moldova’s ruling pro-European party was on track to win re-election, keeping the country on the path to European Union membership and raising the risk of an escalation in tensions with Russia.Podcast Conversation: At 66, I Decided to Pay Back a Lifetime of Sleep Debt: EssaySee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Tom Busby 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 jobs report and the Electric vehicle sector. In the UK – a look ahead to the Bloomberg Women, Money, Power conference in London. In Asia – a look ahead to the China PMI data. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump announced a fresh round of tariffs, including a 100% duty on branded or patented pharmaceuticals starting October 1, unless a company is building a manufacturing plant in America.(2) Former FBI Director James Comey was charged with lying to Congress and obstruction related to testimony he gave in 2020, accelerating President Donald Trump’s push for legal action against his perceived political enemies.(3) European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes, according to officials familiar with the exchange.(4) Lorie Logan, president of the Federal Reserve Bank of Dallas, has proposed replacing the central bank’s benchmark federal funds rate — the primary tool the central bank has used to steer the nation’s economy since the 1980s — with a much more widely used market bellwether.(5) Volkswagen is curbing volumes and introducing temporary shutdowns at two German factories as demand for its electric vehicles grows more slowly than predicted.(6) UK Prime Minister Keir Starmer will try to relaunch his stuttering administration with a speech Friday announcing a plan for compulsory digital identity cards to help combat illegal migration, while also making a progressive case for his premiership as it comes under threat from internal rivals.Podcast Conversation: Ryder Cup Golf Rowdiness Is Keeping the Sport Fun: Adam MinterSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) HSBC Holdings said it’s achieved a world-first breakthrough in deploying quantum computing in financial markets, as a race intensifies among some of Wall Street’s biggest firms to embed the cutting-edge technology in their daily operations. (2) Intel has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government. (3) US stocks are screamingly expensive when viewed from a historical perspective. But dig into the details, and the sky-high valuations may well be warranted, say strategists at Bank of America (4) The US lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, cementing terms of the framework trade agreement the two sides struck almost two months ago (5) Splits on the Bank of England policymaking committee were on full display on Wednesday after Governor Andrew Bailey said there was further to go on interest-rate cuts just hours before external member Megan Greene proposed “skipping” a cut in November. (6) Russia plans to run a budget deficit for a fifth year as declining revenue and increased spending continue to put pressure on the government’s finances amid the Kremlin’s war on Ukraine. (7) Global drugmakers including Merck, Eli Lilly and AstraZeneca are pausing or canceling investments in the UK while throwing barbs at the lack of competitiveness of its business environment Podcast Conversation: Bob Iger Just Learned a Hard Lesson: Beth KowittSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump said NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war. (2) Late-night host Jimmy Kimmel took a conciliatory tone in his return to TV Tuesday night, saying “it was never my intention to make light of the death of a young man.” (3) Super Typhoon Ragasa is set to cross China’s southern coast later Wednesday after lashing Hong Kong with torrential rain and fierce winds, which toppled trees and damaged infrastructure across the city. (4) The UK is looking to take advantage of the chaos sown by US President Donald Trump’s decision to overhaul his country’s visa program for certain college-educated foreign workers. (5) Federal Reserve Chair Jerome Powell said the outlooks for the labor market and inflation face risks, reiterating his view that policymakers likely have a difficult road ahead as they weigh further interest-rate cuts. (6) OpenAI plans to invest roughly $400 billion to develop five new US data center sites in partnership with Oracle Corp. and SoftBank Group Corp., marking the biggest push yet to fulfill an earlier pledge to spend a half-trillion dollars on artificial intelligence infrastructure in the country. (7) Europe’s asset managers have long agreed they must consolidate to survive. A string of high-profile acquisitions suggests they’re finally willing to do something about it. Podcast Conversation: CEOs and Founders Share Their Best Advice for Staying ProductiveSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Lithuanian President Gitanas Nauseda said Russia was testing NATO’s readiness to retaliate with its series of incursions along the eastern flank of the alliance.(2) Nvidia will invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run.(3) A large majority of London-listed companies in a recent poll have considered adding a listing overseas or moving their existing one in the last year, with Amsterdam emerging as the most popular alternative.(4) President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs, sending China toward a record $1.2 trillion trade surplus.(5) The Federal Reserve’s newest policymaker, appointed by President Donald Trump, laid out his argument for aggressively lowering interest rates on Monday, presenting a view that aligns with the president’s demands but which makes him an outlier at the central bank.(6) Jimmy Kimmel Live! will return to the air on Tuesday, ending a suspension Walt Disney Co. imposed following controversial remarks the ABC late-night host made about the assassination of Republican activist Charlie Kirk.Podcast Conversation: “We want, ‘Oh, you look good. We just don’t know why,”Cosmetic Procedures That Offer Big Results With Minimal DowntimeSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Donald Trump’s order on H-1B visas which requires a $100,000 fee for applications — will hurt margins of Indian outsourcers who use the program to deploy engineers to client sites. That’s a blow to India’s $280 billion IT services sector, which is already grappling with sluggish growth as customers cut back on technology spending due to geopolitical tensions and Trump’s tariffs.(2) Canada, the UK and Australia have formally recognized a Palestinian state, joining a growing global consensus and pushing ahead with a policy that has drawn criticism from US President Donald Trump.(3) Estonia is set to ask NATO allies for extra air-defense assistance over the Baltic Sea as the alliance’s eastern members try to respond to the third violation of NATO airspace this month by Russia.(4) President Donald Trump and top Republicans mourned Charlie Kirk on Sunday and galvanized young conservatives at the memorial service ahead of next year’s crucial midterm elections.(5) The UK approved a second runway at London Gatwick Airport, the latest infrastructure project pushed by Keir Starmer’s government as he tries to boost economic growth.(6) Hong Kong International Airport is weighing grounding all passenger flights for 36 hours, the longest in recent history, as the Asian financial hub braces for one of its strongest super typhoons in years, according to people familiar with the matter.Podcast Conversation: Millennials Are Stuck in an Old, Lazy StorySee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – how The K-Shaped Recession Hasn’t Hurt US Equities...Yet In the UK – Are Private Markets Entering Their Golden Age In Asia – a look at Stephen Miran's Impact on EM and the Dollar See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Nvidia plans to invest £2 billion ($2.7 billion) to support the UK’s artificial intelligence industry in partnership with several venture capital firms. (2) With golden carriages, military splendor and an opulent banquet, the UK’s royal gambit paid off this week, as President Donald Trump and Prime Minister Keir Starmer concluded an historic state visit by hailing the trans-Atlantic relationship and — at least publicly — smoothing over their policy differences. (3) The Bank of England’s decision to slow the pace and change the make-up of its quantitative tightening plan on Thursday shattered any lingering illusion the policy remains on autopilot. (4) The call Friday between US President Donald Trump and Chinese President Xi Jinping promises to determine the fate of TikTok — and potentially ease trade tensions between the world’s two biggest economies. (5) Europe’s top business lobby in China urged Beijing to address price wars and unsustainable competition as the country readies its next five-year plan — adding to pressure from the US over the matter. (6) President Donald Trump said US broadcast networks should face scrutiny over their licenses if they’re too critical of him, in what amounts to his furthest-reaching threat to media freedoms. (7) It turns out that all the “Sell America” angst swirling in markets earlier this year was misplaced. The real mantra from global investors is more like “Hedge America” — that is, keep snapping up US stocks and bonds but do so while buying derivatives that protect those investments against any further declines in the dollar. Podcast Conversation: What You Need to Know About Ketamine Therapy, the Buzzy Mental Health TrendSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs. (2) The Bank of England is set to rein in its quantitative tightening program amid concerns that its gilt sales are worsening volatility in the bond market. (3) King Charles III urged the defense of Ukraine and the environment as he welcomed US President Donald Trump and top tech and finance executives for a lavish state dinner at Windsor Castle on Wednesday. (4) Walt Disney’s ABC network is taking Jimmy Kimmel Live! off the air indefinitely amid a backlash to remarks the late-night host made about the killing of Republican activist Charlie Kirk. (5) European Union member states approved negotiations with Canada and the UK that would give them access to the bloc’s €150 billion ($178 billion) fund aimed at accelerating investment in the defense industry. (6) French unions are leading widespread anti-austerity protests Thursday, raising the pressure on newly appointed Prime Minister Sebastien Lecornu as he struggles to find allies to piece together a budget. (7) The world's biggest food company - Nestlé - has been shaken by scandal and management upheaval. After years of strategic drift and rising debt, investors are pressing incoming CEO Philipp Navratil to restore stability.Podcast Conversation: Apple and Citi CEOs Join Trump and King Charles at State DinnerSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Microsoft, OpenAI and other American companies announced plans to spend tens of billions of dollars on technology infrastructure in the UK, part of a series of business deals that coincide with President Donald Trump’s visit to the nation this week. (2) British drugmaker GSK pledged to invest $30 billion in the US over the next five years, making the announcement as President Donald Trump arrives in the UK for a highly anticipated state visit. (3) The euro hit its strongest level in four years as traders prepared for an interest-rate cut from the Federal Reserve this week that will cement its diverging trajectory from the European Central Bank. (4) TikTok’s US operations would be acquired by a consortium that includes Oracle, Andreessen Horowitz and private equity firm Silver Lake Management under a deal President Donald Trump is set to discuss with Chinese President Xi Jinping this week. (5) Europe’s top business lobby in China urged Beijing to address price wars and unsustainable competition as the country readies its next five-year plan — adding to pressure from the US over the matter. (6) The cyberattack that’s brought Jaguar Land Rover Automotive Plc factories to a standstill is affecting suppliers, with some European parts makers forced to pause or scale back their own production. Podcast Conversation: CEOs Win Over Trump With a Trophy, Prizes and Bragging RightsSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US President Donald Trump expects to announce economic deals totaling more than $10 billion during his trip this week to the United Kingdom, senior US officials said Monday. (2) Prime Minister Keir Starmer has suffered a third forced departure from his government in less than two weeks as one of his senior advisers resigned amid media allegations about his past conduct. (3) President Donald Trump said he would speak with Chinese leader Xi Jinping on Friday as US and Chinese officials reached a framework deal on keeping the TikTok app running in the US. (4) Donald Trump’s economic adviser Stephen Miran is on his way to joining the Federal Reserve board after the Senate confirmed him to the post in a vote Monday evening. (5) Overseas investors are slashing their dollar exposure at “an unprecedented pace” as they put on currency hedges when buying US stocks and bonds, according to a Deutsche Bank AG analysis of exchange-traded funds. (6) Wall Street’s main regulator said it is “prioritizing” a proposal from Donald Trump to reduce the frequency of corporate earnings reports, after the president again stepped into a long-running debate over transparency in American capitalism. (7) Top dealmakers from global investment banks have been heading to Zurich in recent weeks to pitch UBS Group AG on transactions that could change the face of Swiss finance. Podcast Conversation: Talking Gorillas, Podcasting Dogs and the Future of Social MediaSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China’s economic activity slowed more than expected across the board in August, adding to the likelihood that policymakers will roll out more stimulus to hit the official growth goal. (2) US and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid, a senior Treasury official said, as diplomacy between the world’s two biggest economies intensifies. (3) The UK government defended its ill-fated decision to appoint Peter Mandelson as ambassador to Washington as pressure grows on Prime Minister Keir Starmer over his handling of the affair following the envoy’s ouster. (4) The first US interest rate cut since Donald Trump became president again is likely to seize the spotlight in a week that will determine policy settings for half of the world’s 10 most-traded currencies. (5) The Pope has singled out Elon Musk's wealth as part of a criticism of the widening pay gap between company bosses and the working class.Podcast Conversation: ‘The Pitt’ Wins Best Drama Emmy; ‘The Studio’ Scores Best ComedySee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Tom Busby 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 Fed decision and earnings from FedEx. In the UK – a look ahead to President Trump’s visit to the UK. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan and what’s next after its ruling Liberal Democratic Party Shigeru Ishiba resigned. See omnystudio.com/listener for privacy information.

The UK's Prime Minister is facing growing questions over what he knew about Peter Mandelson's relationship with Jeffery Epstein when he appointed him as Ambassador to the US. Keir Starmer fired him after Bloomberg published a series of emails between Mandelson and the convicted paedophile.The departure comes at a difficult time for the British government as it prepares to host a state visit for US President Donald Trump who continues to face questions about his relationship with Epstein. In this Special episode of the Daybreak Europe podcast our finance reporter Harry Wilson takes us behind the scenes of the Bloomberg scoop. He tells us what the emails reveal alongside our political correspondent Ellen Milligan who will be covering President Trump's upcoming State Visit. Hosted by Stephen Carroll and Caroline HepkerSee omnystudio.com/listener for privacy information.