Bloomberg Daybreak: Europe Edition

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.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US and Iran were circling around a fresh proposal to end the war on Wednesday, as President Donald Trump searches for an exit from a conflict that has elevated energy prices and damaged his political standing.(2) A maritime coalition led by France and the UK is ready to escort tankers through the Strait of Hormuz if Iran agrees to a US proposal to end the war, according to a French official.(3) The Israeli army carried out an attack in the southern suburbs of Beirut on Wednesday, the first in the vicinity of the Lebanese capital since a US-brokered ceasefire came into effect last month.(4) China’s financial regulator advised the country’s largest banks to temporarily suspend new loans to five refiners recently sanctioned by the US over their ties to Iranian oil, according to people familiar with the matter.(5) Figures next week are likely to paint a rosy picture for the UK economy in the first quarter. The trouble is that fewer and fewer people believe them.Podcast Conversation:AI Bots Auditioning for Wall Street Trading Are Mostly LosingSee 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 would pause an effort to help stranded ships exit the Strait of Hormuz to see if the US can reach an agreement with Iran to end the war.(2) Anthropic unveiled a set of new artificial intelligence agents designed to handle a broader mix of financial services tasks, part of the company’s push to win over Wall Street.(3) UK long-term borrowing costs jumped to a 28-year high as worries intensified over local government elections and the impact of soaring energy prices on the economy.(4) Friedrich Merz took to the podium at the Chancellery in Berlin last week to announce the first installment of a comprehensive overhaul of Germany’s social system that he hopes will demonstrate his vision to move the country forward.(5) French President Emmanuel Macron nominated Emmanuel Moulin, one of his closest advisers, to run the Bank of France.(6) The European Union wants the main parts of a US trade deal adopted by July, as it pushed Washington to respect previous commitments made under the pact.Podcast Conversation: Why the Best Public Art Keeps DisappearingSee 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 exchanged fire in a flareup of violence on Monday that also drew in the United Arab Emirates, prompting calls for renewed strikes on Iranian targets and casting doubt on the fate of a four-week ceasefire.(2) Stocks pulled back from record highs and the dollar strengthened after the US and Iran exchanged fire, escalating Middle East tensions and fueling inflation concerns.(3) European Union Economy Commissioner Valdis Dombrovskis warned of the stagflationary effect that the Iran war is creating for the bloc.(4) Some of the US’s closest allies including Canada and the UK are warning that the international system of security and trade championed by western powers for more than 70 years is broken beyond repair — and that it’s up to Europe to fashion a new global order.(5) HSBC Holdings Plc reported profit that missed estimates, weighed down by an unexpected UK fraud-related charge and rising economic risks stemming from the conflict in the Middle East.(6) Prime Minister Keir Starmer is due to host meetings to tackle antisemitism on Tuesday after two men were stabbed in north London last week in the latest attack targeting British Jews.(7) When Christine Lagarde addressed a central bank conference late last year, her frustration was clear: Europe had been debating a digital euro for years, but it was still nowhere close to being done. But with the first issuance of a digital central bank currency expected only in 2029, and delays still cropping up, so have fears that the bloc may have already fallen behind.Podcast Conversation: So When Does the Energy Price Shock Hit Europe?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 fresh plan announced by US President Donald Trump to help vessels through the Strait of Hormuz has left shipping executives perplexed, as attacks continue and traffic remains at a near standstill.(2) Concern about a possible euro-area recession is “real and justified” as conflict in the Middle East causes a supply-side disruption, European Central Bank Governing Council member Yannis Stournaras said in an interview with Phileleftheros.(3) President Donald Trump said he plans to cut the US military presence in Germany by more than the 5,000-troop drawdown announced so far, even as Republican allies and NATO countries questioned the move.(4) The UK is set to enter talks to join the European Union’s €90 billion ($105 billion) Ukraine loan plan, underlining what the British government describes as “growing defense ties” between London and Brussels.(5) A group of Swiss lawmakers are meeting to discuss the future of UBS Group AG and a proposed bill that could impose additional capital requirements on the bank's Swiss unit. Podcast Conversation: There's Never Been This Much Pressure for Men to Look Good at 60See 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 April jobs report in the U.S and a focus on 3 stocks for the week ahead. In the UK – a look ahead to the UK’s Midterm local elections. In Asia – a look ahead to the next RBA Decision. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast:(1) Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports, elevating concerns the vital Strait of Hormuz would not reopen anytime soon.(2) As oil prices briefly came within reach of $130 a barrel, the mood music among central bankers in Frankfurt and London shifted in a more hawkish direction on Thursday.(3) UK Prime Minister Keir Starmer pledged to use the “full power of the state” to crack down on antisemitism, after a stabbing in north London raised fresh questions about the government’s attention to threats against Britain’s Jewish community.(4) Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”(5) Elon Musk’s first compensation figure after Tesla Inc. shareholders approved his moonshot pay package is in, and it’s a doozy: $158 billion.Podcast Conversation: Spotify Adds Verified Badge to Distinguish Real Artists From AISee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A frenzied day of earnings reports offered a glimpse at how some of the world’s biggest tech companies are doing in artificial intelligence. The upshot: Alphabet Inc.’s Google is seeing a clear payoff from its AI spending, while Meta Platforms Inc. is lagging behind.(2) Brent oil rallied to a wartime high after Axios reported that US President Donald Trump is set to receive a briefing on new military options for action in Iran, signalling the potential for fresh escalation in the Middle East.(3) President Donald Trump said the US is reviewing its troop levels in Germany and will decide soon whether to reduce that number, escalating tensions with a top NATO ally over the war in Iran.(4) Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.(5) The Bank of England is likely to keep interest rates on hold on Thursday as policymakers play for time amid the febrile standoff between the US and Iran.(6) Standard Chartered posted record first-quarter earnings that surged past analyst estimates, as record wealth inflows offset precautionary charges linked to escalating tensions in the Middle East.Podcast Conversation: Rolex, Cartier Court Gen Z Buyers With Shift to Smaller WatchesSee omnystudio.com/listener for privacy information.

An update to your morning briefing. All the news you need to start your day.On today's podcast:(1) European banks have reported a bumper set of earnings this morning, with profits beating expectations, but they're also warning of the future effects of the ongoing Hormuz blockade.(2) Oil prices remain firmly in triple digits this morning, as the US-Iran war enters its third month.(3) The shock decision by the United Arab Emirates to quit OPEC blindsided its partners of six decades. Now the cartel will have to fight to stay relevant in a fast-shifting global oil market.(4) The EU has accused social media giant Meta of failing to keep children off its services.Podcast Conversation: King Charles Is Doing an Impossible Job in AmericaSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US equity-index futures rose as investors positioned ahead of a raft of earnings from the largest technology companies in what has been a generally upbeat reporting season. Markets are also awaiting a Federal Reserve policy decision. (2) The US has warned banks they are at risk of secondary sanctions if they support Chinese private refiners that buy Iranian oil, cranking up pressure on Tehran even at the cost of further irking Beijing just weeks ahead of a leaders’ meeting. (3) The shock decision by the United Arab Emirates to quit OPEC blindsided its partners of six decades. Now the cartel will have to fight to stay relevant in a fast-shifting global oil market. (4) Traders in the Treasury options market are bracing for long-dated bond yields to surge past 5% as a rally in oil prices continues unabated. (5) UBS has posted $3 billion dollars in profit in the first three months of the year - smashing past expectations. (6) King Charles III called on the US to maintain its leadership role in the world, and to support Ukraine and the North Atlantic Treaty Organization, in a remarkably pointed speech for a monarch that urged Americans to resist the pull of isolationism. (7) The Netherlands is gearing up for a new tax on paper profits, sparking public and political opposition and opening another front in the international push to target the wealthy. Podcast Conversation: King Charles Is Doing an Impossible Job in AmericaSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The White House said US officials were discussing Iran’s latest proposal but maintained “red lines” on any deal to end the eight-week war, including preventing Tehran from obtaining a nuclear weapon. (2) South Korea has leapfrogged the UK to become the world’s eighth-biggest stock market, fuelled by a high-octane rally in its artificial intelligence-linked technology champions. (3) US President Donald Trump welcomed King Charles III to the White House for a visit fraught with doubt about the future of Britain’s so-called special relationship with America and fresh security concerns in the wake of the shooting at the White House correspondents’ dinner. (4) Any hope that Keir Starmer had of putting aside the Peter Mandelson saga will have to wait as the British prime minister braces for another day of parliamentary inquiry into his disastrous appointment of Mandelson as ambassador to the US. (5) A California man is being charged with trying to kill US President Donald Trump during an attack on a Washington gala dinner over the weekend. Podcast Conversation: Madrid's Luxury Amenities Clash With the City's Laid-Back Vibe and Spain’s Largest Cities Diverge Paths to Tackle a Housing CrisisSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Iran has given the US a new proposal to reopen the Strait of Hormuz and end the war that includes postponing nuclear negotiations, Axios reported, citing a US official and two people with knowledge of the matter.(2) The man accused of storming the White House Correspondents’ Dinner spent years quietly acquiring his arsenal, purchasing a shotgun from a Torrance, California, firearms dealer eight months before the attack and a semi-automatic pistol two years earlier, according to a law enforcement intelligence profile reviewed by Bloomberg.(3) Senator Thom Tillis said he’s dropping his blockade of Kevin Warsh’s nomination to head the Federal Reserve, saying the Justice Department’s decision to end a criminal probe targeting Fed Chair Jerome Powell removed a threat to the central bank’s independence.(4) Policymakers in the US and across the Group of Seven will probably keep interest rates steady this week while watching nervously for signs of higher energy costs fanning inflation.(5) China’s commerce ministry criticized EU over its discriminatory measures on foreign investment in EVs, batteries, solar and critical raw materials by creating investment barriers, according to a government statement.(6) Germany sounded out European lenders to defend Commerzbank against UniCredit’s takeover bid earlier this year, according to people familiar with the matter.(7) To say the special relationship is going through a rough patch ahead of King Charles III’s visit would be an exercise in British understatement.Podcast Conversation: Adidas Gets Running Lift in London From Two Sub-2 Hour MarathonsSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – we preview the Federal Reserve's rate decision and big tech earnings In the UK – we look ahead to the Bank of England's upcoming rate decision In Asia – we discuss the Golden Week holiday in 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) Oil rose for a fifth day as concerns grew that the US and Iran were making little progress toward resuming talks on de-escalation, keeping the Strait of Hormuz effectively closed.(2) President Donald Trump said Israel and Lebanon will extend their ceasefire by three weeks, a move that creates space to work on a long-term deal and removes a roadblock to ending the US war with Iran.(3) The European Union warned member states that efforts to strengthen safeguards in the bloc’s trade agreement with the US may cause the deal to unravel.(4) European Union leaders signaled that preliminary conditions are in place for Ukraine to begin the first stage of the membership process, a boost for Ukrainian President Volodymyr Zelenskiy’s efforts to join the bloc.(5) Meta Platforms Inc. and Microsoft Corp. are planning cuts or announcing buyouts that could affect as many as 23,000 jobs, part of an effort to streamline operations and offset heavy spending on artificial intelligence.Podcast Conversation: US Soldier Charged With Using Classified Data to Bet on MaduroSee omnystudio.com/listener for privacy information.

On today's podcast:(1) Oil rose for a fourth day as the US and Iran remained locked in a battle for control of the Strait of Hormuz after failing to meet for a fresh round of peace talks.(2) Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company.(3) The Swiss government outlined plans that would add billions of dollars to UBS' capital requirements, deepening a showdown with the lender over its proposed banking reforms.(4) European Central Bank Chief Economist Philip Lane said there’s a logical fiscal case for the region’s nations to issue joint bonds, though such a move would need to be underpinned by trust.(5) UK workers were hit with the highest increase in tax rates on wages of any wealthy country last year, according to a new report, as the Labour government has come under pressure to lighten Britain’s tax burden.Podcast Conversation: AI Is Coming for Our Aging Parents: Catherine ThorbeckeSee 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 announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart.(2) The world’s top oil traders warned that the ongoing closure of the Strait of Hormuz is increasing the risk of a global recession as fuel demand takes a hit.(3) Forty-eight hours of brutal public inquiry into Keir Starmer’s judgement have left the prime minister looking increasingly like a leader on his way out.(4) The biggest question facing Kevin Warsh was answered before he even reached the committee room Tuesday when President Donald Trump doubled down on a criminal probe that is effectively blocking his own nominee from taking over at the Federal Reserve.(5) A small group of unauthorized users have accessed Anthropic PBC’s new Mythos AI model, a technology that the company says is so powerful it can enable dangerous cyberattacks, according to a person familiar with the matter and documentation viewed by Bloomberg News.(6) The Gates Foundation said it is awaiting findings from a review of its past interactions with Jeffrey Epstein amid public scrutiny of co-founder Bill Gates’ ties to the disgraced financier.(7) Audi has lost its way, and nowhere is the problem bigger than in China. Audi’s decline is emblematic of the existential crisis foreign brands face in the world’s largest car market, where consumers are shifting to local manufacturers led by BYD and Geely Automobile.Podcast Conversation: Ferrari Sets Price for First Electric Car at Around €550,000See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Apple Chief Executive Officer Tim Cook will hand the reins to hardware boss John Ternus later this year, capping a 15-year tenure that turned the company into a $4 trillion business spanning watches, video streaming and financial services.(2) Keir Starmer did what he could to get through a parliamentary showdown over his handling of the Peter Mandelson scandal. His fate may now rest with a bureaucrat little known outside Westminster.(3) President Donald Trump said he’s not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war.(4) European Central Bank President Christine Lagarde said two main factors around the Iran war are hampering efforts to map out a monetary-policy response.(5) Chancellor Friedrich Merz said his government rejects “hostile and aggressive tactics” in Germany’s banking industry after Commerzbank AG formally rejected UniCredit SpA’s takeover bid.(6) Elon Musk snubbed a summons by French prosecutors investigating how AI chatbot Grok was allowed to spew out sexually explicit deepfakes and Holocaust-denying content, according to Agence France-Presse.Podcast Conversation: The Best films, TV, Books, Art and Theater Arriving in MaySee 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 Iranian officials offered disparate views on the next stage of the war, casting uncertainty over whether the two sides would meet for peace talks with a ceasefire set to expire in the coming days. (2) Oil and natural gas prices soared after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz. (3) The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported, citing US officials it didn’t identify. (4) Keir Starmer is preparing for a showdown with the senior official he fired over the appointment of Peter Mandelson as US ambassador, as calls for the prime minister to resign grow. (5) Former President Rumen Radev, who opposes sanctions on Russia and military aid for Ukraine, claimed an overwhelming victory in Bulgaria’s election and pledged to turn the page on years of political gridlock and corruption. (6) Hungary’s outgoing government signaled it’s ready to unblock the European Union’s €90 billion ($106 billion) loan to Ukraine as soon as this week just as the new leadership in Budapest kicked off intensive talks with Brussels to tap its own stalled funding. (7) Nearly a decade since the first investigations began, Nordic banks are only now emerging from the shadow of a $230 billion money-laundering scandal linked to Russia. Podcast Conversation: Bands are Engineering Sold-Out Shows to Create More Demand 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 – we preview Tesla earnings and Kevin Warsh's trip to Capitol Hill In the UK – we look ahead to first quarter European earnings amidst broader headwinds In Asia – how the war in Iran is impacting Japanese inflation. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Some Gulf Arab and European leaders believe that a US-Iran peace deal will take about six months to be agreed and that the warring sides should extend their ceasefire to cover that timeframe, according to officials from the regions familiar with the matter.(2) The UK and France will host a summit to discuss setting up a naval force that would ensure freedom of navigation in the Strait of Hormuz, as Europe seeks to rebut US claims that it’s not doing enough to secure the waterway.(3) Netflix gave a forecast for the second quarter that fell short of analysts’ expectations, sending the shares tumbling in extended trading.(4) War and an historic energy shock are tough financial stability risks, yet Anthropic's unreleased AI model Mythos added a layer of dread to conversations among policymakers in Washington.(5) The Chinese government is pressuring Spain to help thwart European Union proposals aimed at making the bloc’s companies more competitive, according to a person familiar with the matter.Podcast Conversation: What Successful CEOs Learned at Their First Meaningful JobSee 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 are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter, reducing the risk of renewed fighting despite an intensifying standoff over the Strait of Hormuz.(2) China’s economic growth rebounded more than expected in the first quarter of 2026, suggesting limited spillovers so far from the war in Iran but revealing few signs of turnaround in weak consumer spending.(3) Policymakers at the European Central Bank are leaning toward keeping interest rates unchanged this month, postponing their verdict on whether the fallout of the Iran war warrants a response, according to people familiar with the debate.(4) European wealth hubs are seeing wealthy individuals moving assets into the region in response to the conflict in the Middle East, according to Pictet Group’s Laurent Ramsey.(5) The EU’s efforts to rein in big tech took another step today as it announced a new age-verification app to keep children safe online.Podcast Conversation: New Grads Bring AI Fluency, and Dependency, Into the WorkplaceSee 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 are looking to arrange a second round of peace talks in the coming days as a standoff in the Strait of Hormuz worsens a global energy crisis and complicates diplomatic prospects.(2) President Christine Lagarde said higher energy costs have pushed the euro zone away from the European Central Bank’s base-case outlook, though not enough yet to warrant leaning toward raising interest rates.(3) Britain will suffer the biggest economic shock from the Iran war of any major advanced economy and struggle to cushion the blow through either interest rate cuts or state support, according to the International Monetary Fund.(4) UK Prime Minister Keir Starmer and his Dutch counterpart Rob Jetten met energy leaders to discuss cooperation in the North Sea as the war in the Middle East disrupts global supplies.(5) President Donald Trump’s tariffs may be restored by July to the levels in place before the Supreme Court struck down many of his levies, Treasury Secretary Scott Bessent said.(6) Artificial intelligence-driven chatbots are giving users problematic medical advice about half the time, according to a new study, highlighting the health risks of the technology that’s becoming increasingly integral in day-to-day life.Podcast Conversation: Diplomacy on Ice - Finland’s president is in Canada for talks on Arctic security and regional tensions. But the lighter moment getting attention was both leaders hitting the ice with the Ottawa Charge hockey team. For more on Carney's 'Middle Powers' push listen to this episode of the Here's Why podcastSee 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 began a US naval blockade of the Strait of Hormuz, a move intended to raise pressure on Tehran, even as the two countries weigh another round of talks to secure a longer-term ceasefire.(2) HSBC Chief Executive Officer Georges Elhedery said the conflict in the Middle East and broader “uncertainties” are beginning to dent client confidence as investors navigate an increasingly volatile global landscape.(3) Italian Prime Minister Giorgia Meloni called Donald Trump’s tirade against Pope Leo XIV “unacceptable,” exposing a growing rift with the US leader over his war on Iran.(4) Sales at LVMH’s biggest division fell at the start of this year as the war in the Middle East crimped demand for Louis Vuitton and Dior products.(5) Hungary’s next leader Peter Magyar said he won’t stand in the way of Ukraine receiving a €90 billion ($105 billion) loan from the European Union that was blocked by the outgoing Prime Minister Viktor Orban.(6) A Ukrainian war hero is taking President Zelenskiy's office in a new direction, and might offer a glimpse of Ukraine’s political future.Podcast Conversation: Is the Pope American? No, He's CatholicSee 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’s threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risked widening a war now entering its seventh week, lifting oil prices and raising the prospect of further economic pain around the globe.(2) Oil surged while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz, heightening tensions with Iran following the collapse of weekend peace talks.(3) The UK will not take part in the proposed US blockade of the Strait of Hormuz, setting up yet another point of contention between President Donald Trump and Prime Minister Keir Starmer over the conflict in Iran.(4) Peter Magyar, Hungary’s next prime minister, outlined sweeping changes after ending Viktor Orban’s 16-year rule in a landslide election victory that will redefine the country’s ties with the European Union, Russia and the US administration of President Donald Trump.(5) Hungary’s forint surged to a four-year high after Prime Minister Viktor Orban conceded defeat in Sunday’s election, with the pro-European opposition’s victory expected to help unlock billions of euros in European Union funding.Podcast Conversation: Iran Talks Show Limits of Pakistan Peace Push: 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 earnings from Netflix and a focus on three bank stocks for the week ahead. In the UK – a look ahead to the next election in Hungary. In Asia – a look ahead to Spain Prime Minister Pedro Sanchez's trip to China. 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 was “optimistic” about a deal with Iran but later threatened Tehran over charging fees in the Strait of Hormuz, as Israeli strikes in Lebanon and the continued closure of the vital waterway jeopardized diplomatic talks. (2) After almost six weeks of war, how did Pakistan manage to get the US and Iran to talk? Mishal Hussain join us to discuss her interview for Maleeha Lodhi. She has served as Pakistan’s ambassador to Washington, as well as to the UK and United Nations. Listen to the full conversation on the Mishal Hussain Show(3) Saudi Arabia has lost more than half a million barrels a day of oil output capacity because of Iranian attacks while a key pipeline that bypasses the Strait of Hormuz was also hit, ratcheting up risks to global energy supplies from the war in the Middle East.(4) The White House sent an internal staff-wide email that warned employees against using confidential information to place trades on financial markets and fast-growing event betting platforms.(5) Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic PBC will usher in an era of greater cyber risk.(6) Italian Prime Minister Giorgia Meloni ousted the chief executive officer of Leonardo SpA, the state-backed aerospace and defense contractor, while retaining CEOs at energy firms Eni and Enel.(7) Wars in the Middle East and Ukraine are reshaping investor risk perceptions, highlighting Africa as more resilient than its reputation suggests.Podcast Conversation: Do You Too Have a Fear of Not Flying?See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Israel launched its largest assault on Lebanon since the start of its invasion, escalating the campaign against Iran-backed Hezbollah even after the US announced a ceasefire in the wider Middle East conflict.(2) The White House announced the US would hold direct talks with Iran even as continued fighting in the Middle East, punctuated by Israeli strikes in Lebanon, threatened to derail the fragile ceasefire in the six-week conflict(3) Iranian President Masoud Pezeshkian called on Europe to play an “effective” role in supporting lasting stability and security in the region and to pressure the US and Israel to adhere to their commitments and counter any violations to the ceasefire agreement, in a phone call with French President Emmanuel Macron.(4) The US wants specific commitments from European allies on their pledge to help secure the Strait of Hormuz after the fighting in Iran stops, requesting that the countries present concrete plans to ensure navigation through the waterway within days, according to a senior NATO official.(5) President Donald Trump lashed out at NATO after meeting with the military alliance’s secretary general, Mark Rutte, making clear that his anger over the organization’s stance on the Iran war remained acute.Podcast Conversation: AI Doomsday Hype Is Marketing's Dark Arts at Work: Parmy OlsonSee 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 agreed to a two-week ceasefire expected to halt the American-Israeli military campaign, in exchange for Tehran reopening the Strait of Hormuz, portending a temporary de-escalation while broader tensions may remain unresolved.(2) Oil plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. (3) Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz and open an exit for more than 800 vessels trapped in the Persian Gulf.(4) A swelling wave of redemptions has driven Moody’s Ratings to revise its outlook for private credit investment vehicles to negative, after holding the line at stable for over two years. (5) Vice President JD Vance went to Budapest to criticize the European Union for allegedly meddling in the Hungarian election. Then he endorsed Viktor Orban as a model of leadership for the continent days before the make-or-break vote.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 insisted that freedom of navigation through the Strait of Hormuz be part of any deal to end the Middle East war and escalated threats to obliterate key Iranian infrastructure if his terms aren’t met before a Tuesday deadline. (2) By warning that the US would deliberately bomb civilian infrastructure in Iran and effectively bring the country to its knees if officials there don’t reopen the Strait of Hormuz, President Donald Trump drew criticism that he was threatening to commit war crimes. His comments also raised questions about whether he could ever be punished for such conduct.(3) Britain will host a meeting of allied military officers to discuss plans for securing the Strait of Hormuz as Donald Trump’s deadline for Iran to reopen the waterway looms.(4) Five European Union members urged the bloc to tax windfall profits energy ​companies are reaping as a result of the US-Israeli war on Iran.(5) Rivals OpenAI, Anthropic PBC, and Alphabet Inc.’s Google have begun working together to try to clamp down on Chinese competitors extracting results from cutting-edge US artificial intelligence models to gain an edge in the global AI race.(6) NASA’s four Artemis astronauts swung behind the moon and are headed home, in a journey that shattered space travel distance records and brought people the closest they’ve been to the lunar surface in more than 50 years.Podcast Conversation: Injured US Airman in Iran Used Boeing Device to Signal Rescuers See omnystudio.com/listener for privacy information.