Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US has drafted a 15-point plan intended to help bring the war with Iran to a close, according to people familiar with the matter, highlighting the intensifying urgency within the Trump administration to resolve the conflict as the economic toll mounts.(2) The Trump administration has ordered the 82nd Airborne Division to deploy about 2,000 soldiers to the Middle East, a person familiar with the matter said, as the White House weighs options to ease Iran’s chokehold on the Strait of Hormuz.(3) Iran said foreign ships are allowed to cross the Strait of Hormuz, as long as they aren’t supporting acts of aggression against the country and follow regulations put in place by Tehran.(4) The Kremlin is earning the most from its oil exports since just after the 2022 invasion of Ukraine as it cashes in on the war in the Middle East, boosting crude flows amid soaring prices and eased sanctions.(5) Danish Prime Minister Mette Frederiksen’s party won a closely contested election by pledging stability in global turmoil, setting the stage for difficult coalition talks to secure a third term in power.(6) Italian Premier Giorgia Meloni called on Tourism Minister Daniela Santanche to resign as she attempts to clean house after a defeat in a key referendum this week, in a sign of growing turmoil within her government.(7) The trading hub Yiwu provides a small glimpse of the existential threat a prolonged war may pose to China. A collapse of global demand will dent the economy’s only bright spot — exports that the government has counted on to help meet its annual growth targets.Podcast Conversation: NASA to Spend $20 Billion on Moon Base, Create Mars Craft 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 resumed gains — paring a steep drop from Monday — on concern that other nations may be drawn into the Middle East war.(2) Donald Trump’s decision to back down from his threat to destroy Iran’s power infrastructure came after US allies and Gulf countries privately warned the president of the dangers of following through with his threat, according to people familiar with the matter.(3) The supply shockwaves from the US and Israel’s war in Iran are spreading across the global economy, raising concerns about an inflation hit to companies and consumers that will require policymakers to raise borrowing costs.(4) UK prime minister Keir Starmer said he is looking at wider measures to support Britain’s economy through the Iran crisis as he prepares to chair an emergency meeting on the economic impact of the conflict.(5) The European Union and Australia agreed to a free-trade deal, wrapping up almost a decade of talks as the two sides push to tighten ties and reinvigorate a rules-based order that’s under assault from the Trump administration.Podcast Conversation: Trump’s Wild, 5-Minute Rally Sends Clear Message to Wall StreetSee 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 stocks, gold and bonds deepened as the US and Iran hardened their rhetoric and signaled a potential escalation to their conflict, which is entering its fourth week.(2) US President Donald Trump gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed, upping the ante in a war now in its fourth week with no sign of de-escalation.(3) UK Prime Minister Keir Starmer will hold an emergency meeting with his top ministers and Bank of England Governor Andrew Bailey on the Iran crisis on Monday, as the clock ticks on President Donald Trump’s two-day deadline to open the Strait of Hormuz.(4) Chancellor Friedrich Merz’s party dislodged the Social Democrats from power after 35 years in a southwestern German state, notching a win for a conservative leader struggling to gain nationwide traction among voters.(5) Socialist Emmanuel Gregoire was on course to win the race for Paris mayor on Sunday, extending the left’s quarter-century hold on the French capital.Podcast Conversation: Why the Great Unraveling Will Be So Hard to Stop: Clive CrookSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Alexis Christoforous take a look at some of the stories we'll be tracking in the coming week. In the US – a look at to what we can expect for mortgage rates in 2026. In the UK – we preview Denmark's upcoming snap elections In Asia – a discussion on what we can expect when EV maker BYD releases earnings 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 dropped from its highest close since July 2022, as the leaders of the US and Israel sought to reassure investors rattled by damage to major Persian Gulf energy facilities.(2) Iran’s latest attack on Qatar, which severely damaged the world’s largest liquefied natural gas export facility, will cost the country’s state energy company about $20 billion of lost revenue.(3) The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.(4) European Central Bank policymakers would be ready to raise interest rates as soon as their next meeting should fallout from the war in Iran push inflation too far above target, according to people familiar with the situation.(5) The Bank of England said it “stands ready to act” against a surge in inflation triggered by war in the Middle East, prompting traders to ramp up bets on an interest-rate hike as soon as next month.Podcast Conversation: Traders Overwhelmed by Iran News Are Turning to AI for HelpSee omnystudio.com/listener for privacy information.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Supreme Court has struck down Donald Trump’s sweeping global tariffs. Breaking news analysis from Bloomberg: In a 6 to 3 ruling, the Court struck down President Donald Trump’s sweeping global tariff program, dismantling his signature economic policy and delivering his most significant legal setback since returning to the White House. The justices ruled that the President exceeded his authority by invoking a federal emergency powers law to impose so-called reciprocal tariffs worldwide, along with targeted import taxes the administration said were necessary to combat fentanyl trafficking. However, the Court did not address whether importers are entitled to refunds. That issue now returns to a lower court, and the financial stakes are substantial. If refunds are ultimately required, they could total as much as 170 billion dollars, more than half of the total revenue generated by the tariff program. For instant reaction and analysis, Bloomberg Intelligence co-hosts Paul Sweeney and Scarlet Fu speak with: Tyler Kendall, Bloomberg Washington CorrespondentJune Grasso, Bloomberg Legal Analyst and host of Bloomberg Law Henrietta Treyz, Managing Partner and Director of Economic Policy at Veda Partners Dave Townsend, Partner at Dorsey and Whitney Stay with us as we break down the legal reasoning, the economic implications, and what this means for the administration’s broader trade agenda.See omnystudio.com/listener for privacy information.

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

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

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

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

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

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

Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what he said was a drift away from their shared Western values. The double-edged message offered some reassurance to allied leaders gathered at the Munich Security Conference but did little to temper their push for more independence from Washington. “We want Europe to prosper because we’re interconnected in so many different ways, and because our alliance is so critical,” Rubio told Bloomberg News Editor-in-Chief John Micklethwait on the sidelines of the conference on Saturday. “But it has to be an alliance of allies that are capable and willing to fight for who they are and what’s important.”“What is it that binds us together? Ultimately, it’s the fact that we are both heirs to the same civilization, and it’s a great civilization,” he said. “It’s one we should be proud of.”Rubio’s comments elaborated on a speech he delivered to the event, Europe’s premier annual security gathering, earlier Saturday morning. The speech was the most anticipated of the three-day conference, with fellow leaders eager to hear if he would double down on the contemptuous tone voiced a year earlier by Vice President JD Vance at the same venue.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 what to expect from homebuilders in the months ahead along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to UK jobs data. In Asia – a look ahead to the Lunar New Year Holiday in China. See omnystudio.com/listener for privacy information.

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

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

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

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