Bloomberg Daybreak: Europe Edition

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market before a high-stakes week featuring Nvidia Corp.’s earnings and a pivotal US jobs report. (2) The eye-watering valuations of artificial intelligence champions such as Nvidia Corp., which enjoys a market cap of $5 trillion, prompt a question: Will AI’s growth revolution match investors’ hopes? (3) President Donald Trump said the US would sell F-35 fighter jets to Saudi Arabia, offering Crown Prince Mohammed bin Salman a prize he’s long cherished — even though many obstacles remain before he gets the stealthy planes. (4) The UK is drawing up countermeasures against the European Union’s proposed steel tariff increase in the event that Prime Minister Keir Starmer cannot secure a deal to blunt their impact. (5) German Chancellor Friedrich Merz joined European politicians in saying the bloc’s banking regulations are too strict as the US gives lenders an easier ride to free up financing for the economy. Podcast Conversation: Bezos Brings Signature Management Style to $6 Billion AI Startup See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Just a little more than a month after reaching an all-time high, Bitcoin has erased the more than 30% gain registered since the start of the year as the exuberance over the pro-crypto stance of the Trump administration fades. (2) Keir Starmer’s government plans to make it easier to remove migrants with no rights to stay in the UK, as the prime minister seeks to gain control of the political narrative after one of the most bruising weeks of his 16 months in power. (3) Oil traders are not counting on OPEC+ to cut production next year, despite forecasts that a global supply surplus could send prices even lower. (4) President Donald Trump said proposed Senate legislation to sanction countries conducting business with Russia would be “okay with me,” his strongest indication yet that he would support a monthslong push to strangle Moscow’s funding. (5) German Finance Minister Lars Klingbeil pressed for an “open, rules-based global trading system” as he departed for a high-stakes visit to Asia, as frictions over trade restrictions between the US, China and Europe ramp up. Podcast Conversation: The Best Gifts of 2025 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. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) UK Chancellor Rachel Reeves is considering dropping plans to raise the headline rates of income tax and a slew of other levies in her upcoming budget. (2) China’s economic activity cooled more than expected at the start of the fourth quarter with an unprecedented slump in investment and slower growth in industrial output. (3) US President Donald Trump is readying substantial tariff cuts and trade deals as he seeks to address voter concerns over high food prices and the cost of goods. (4) The BBC's Chairman Samir Shah has written to the White House expressing remorse to US President Donald Trump for a misleading documentary edit of his January 6th speech in 2021. (5) EU officials are looking at how to transform the European Securities & Markets Authority into a more sweeping watchdog like the SEC in the United States. Podcast Conversation: How to Get Your Vintage Timepiece Safely Serviced See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump signed legislation to end the longest government shutdown in US history, marking the official conclusion to a 43-day impasse. (2) The European Union is set to propose a plan to the US that would implement the next phase of the trade agreement the two sides reached this summer. (3) Top trade negotiators from Switzerland are headed to Washington, aiming to complete negotiations on a trade deal with the US that would lower the 39% tariff rate on Swiss goods. (4) Rachel Reeves should get billions of pounds of extra room in her upcoming budget, UK Treasury officials believe, thanks to her plan to cut household bills and bring down inflation. (5) Prime Minister Keir Starmer tried to draw a line under squabbling within his Labour Party and called for unity after an alleged challenge for his job exposed questions about his future. (6) Democrats returned to pressing Donald Trump on his ties to Jeffrey Epstein, highlighting a selection of emails in which he suggested the president knew of his activities. Podcast Conversation: In Europe, the Oldest Ideas in Wellness Get a New Spotlight See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Allies of Keir Starmer sought to ward off a feared leadership challenge from one of the British premier’s best-known ministers, as cabinet feuds spilled into the open just weeks before the government is due to unveil a contentious budget. (2) The weakness in the UK labor market is likely to have been overstated, economists and policymakers warned, after new figures shifted the narrative in Westminster and financial markets ahead of the budget. (3) Asian stocks rose alongside Treasuries after softer US jobs data strengthened bets on a Federal Reserve interest-rate cut, boosting market sentiment. (4) Banks in China are asking clients to take out loans and then immediately repay them, with the bank covering the interest, in a practice known as "quick-lend-and-recover". (5) The US military is exploring whether to build a temporary base capable of housing 10,000 people near the Gaza Strip as part of its push for a stabilization force of troops from other countries to monitor a ceasefire between Israel and Hamas. (6) Germany must start dialing back its borrowing limits from 2029 to ensure solid public finances over the long term, according to the Bundesbank. Podcast Conversation: Harvest Report: 2025 Is Turning Out to Be a Great Year for Wine See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The European Commission is exploring ways to force European Union member states to phase out Huawei Technologies Co. and ZTE Corp. from their telecommunications networks, according to people familiar with the matter. (2) Switzerland is close to securing a 15% tariff on its exports to the US, in what would be a relief for the country after it was hit with a punishing 39% levy in August, according to people familiar with the matter. (3) A record-setting 41-day US government shutdown is on a path to end as soon as Wednesday after the Senate passed a temporary funding measure backed by a group of eight centrist Democrats. (4) Rachel Reeves indicated the Labour Party may be preparing to break its election promises not to raise taxes, as she looks ahead to what she called a “difficult” UK budget. (5) Donald Trump notched another victory in his war on the media when the UK’s national broadcaster apologized over a misleading edit of the US president’s remarks and two executives resigned. (6) Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus. Podcast Conversation: Microsoft Influencers Try to Make Copilot as Cool as ChatGPT See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The US Senate took a major step toward re-opening the government after a group of moderate Democrats broke with their party leaders and voted to support a deal to end the record-breaking shutdown. (2) British Broadcasting Corp. Director-General Tim Davie is resigning from the UK national broadcaster amid allegations it misled viewers by editing President Donald Trump’s remarks in a Panorama documentary last year. (3) More than a quarter of large UK businesses expect to cut jobs within the next year due to the impact of artificial intelligence. That's according to a CIPD survey of more than 2,000 employers, showing 62% of them believe junior managerial or administrative roles are most likely to be lost due to AI. (4) No matter which way the S&P 500 Index goes after a tumultuous month, options volatility looks to be headed higher. The benchmark snapped a three-week run of gains, pushing for a time on Friday the Cboe Volatility Index well above 20, a sign of growing market stress. (5) The odds of extreme cold this winter in the US, Asia and parts of Europe are climbing, threatening to boost energy bills for consumers already grappling with high costs and economic uncertainty. Podcast Conversation: Young Supercar Collectors Don't Fear Risking Their Investments 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. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Tesla shareholders have approved a $1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader. (2) OpenAI CEO Sam Altman pushed back at the idea that the company would seek federal guarantees to reduce the risk of its AI infrastructure spending spree. (3) Hungary's Prime Minister Viktor Orban visits the White House later today, hoping his friendship with Donald Trump can spare his country from US sanctions on Russian oil. (4) The Bank of England has warned that Chancellor Rachel Reeves will deliver her budget amid weak investment, rising unemployment, and slowing growth. (5) Comcast is in talks to acquire ITV's media and entertainment unit in a deal that would dramatically shake up the UK broadcasting landscape. (6) Goldman Sachs is promoting the smallest proportion of women to managing director since Chief Executive Officer David Solomon took the top job in 2018. Podcast Conversation: Foreign-Language Oscar Contenders Find a Home at the Multiplex See omnystudio.com/listener for privacy information.

The EU's Economy and Productivity Commissioner Valdis Dombrovskis discusses efforts to tap frozen Russian assets to support Ukraine, talks with China over rare earths and pressure over Europe's ESG rules. He spoke to Bloomberg's Stephen Carroll in Brussels. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The Bank of England will likely keep interest rates unchanged today at 4% in what is expected to be a closely contested decision. (2) The UK's biggest business lobby has warned Rachel Reeves against hitting companies with a series of smaller tax rises, saying she should "prioritize long-term prosperity over short-term thinking." (3) The US Supreme Court appeared skeptical of President Donald Trump’s sweeping global tariffs, as key justices suggested he had overstepped his authority with his signature economic policy. (4) European economy commissioner Valdis Dombrovskis has signalled that the EU is willing to accommodate international concerns about its ESG rules, as the bloc fields threats from the US and Qatar. (5) Nvidia's CEO Jensen Huang has warned that China will beat the US in the artificial intelligence race in part due to lower energy costs and looser regulations, he told the Financial Times. (6) The US plans to cut domestic flight capacity by 10% at 40 major airports across the country if the government shutdown continues. Podcast Conversation: JPMorgan’s Billionaire Clients Want Sports Teams More Than Fine Art See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Zohran Mamdani was elected the 111th mayor of New York in a historic victory that will put an avowed democratic socialist in charge of the city that serves as the capital of global finance. (2) The global selloff in semiconductor stocks accelerated on concern over lofty valuations for some of the artificial intelligence boom’s biggest winners. (3) UK Chancellor of the Exchequer Rachel Reeves will meet CEOs from top insurers in Downing Street on Wednesday, as she seeks to encourage more investment in the City ahead of a tricky budget later this month. (4) European Union member states clinched a preliminary deal to reduce emissions by 90% through 2040 compared with 1990 levels, a move that bolsters the bloc’s climate leadership credentials ahead of the COP30 summit. (5) WhatsApp, the popular messaging service owned by Meta Platforms Inc., introduced a standalone Apple Watch app that makes it easier for users to interact with their chats from Apple Inc.’s smartwatch without pulling out an iPhone. Podcast Conversation: I Saw a Vision of Chocolate’s Future in an Amsterdam Brownie See omnystudio.com/listener for privacy information.

Chancellor of the Exchequer Rachel Reeves declined to reiterate Labour’s manifesto commitment against broad-based tax hikes, as she made an unusual appeal to the British public to support her upcoming budget. In a rare pre-budget speech in Downing Street carried on national broadcasters, Reeves argued she would prioritize bringing down borrowing costs and inflation, and blamed the previous Conservative administration for putting lasting pressure on the public finances. In the clearest hint yet that the Labour government will compromise on its commitment to avoid lifting the UK’s main tax levers, Reeves said the world had changed since it came to power in July 2024. In this special episode of the Bloomberg Daybreak Europe Podcast, Stephen Carroll and Caroline Hepker discuss with UK Correspondent Lizzy Burden, Bloomberg Opinion columnist Marcus Ashworth, and our Chief UK economist Dan Hanson. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The current environment for large mergers and acquisitions is quite “constructive” for 2026 and 2027, particularly in the US, according to the chief executive officer of Goldman Sachs (2) The global stock rally hit a speed bump as uncertainty over the Federal Reserve’s policy outlook and earnings from Palantir Technologies Inc. made investors more cautious. (3) Alphabet sold $17.5 billion of bonds in the US, after issuing €6.5 billion ($7.48 billion) of notes in Europe, adding to a wave of borrowing from technology companies as they invest aggressively in artificial intelligence. (4) Prime Minister Keir Starmer warned that his government will make “tough but fair decisions” in what’s expected to be a tax-raising budget later this month. (5) Zohran Mamdani’s lead heading into the New York mayoral election has withstood a furious push from Republicans, establishment Democrats and a coalition of Wall Street dealmakers, leaving Democrats to face a familiar question should he win on Tuesday. Podcast Conversation: Men’s Groups (Not ‘Boys Clubs’) Quietly Emerge in Big Business See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Oil advanced a fourth day after OPEC+ said it planned to pause output increases in the first quarter of 2026, following another modest hike for next month. (2) A railway staff member who "saved many people's lives" while protecting train passengers from a knifeman is in a life-threatening condition in hospital. (3) An exit charge for wealthy Britons leaving the country and increased levies on expensive homes are on a long-list of possible tax increases being considered by Chancellor of the Exchequer Rachel Reeves ahead of the budget. (4) President Donald Trump threatened possible US military action against Islamist militants in Nigeria if the country’s government doesn’t halt the groups’ “killing of Christians.” (5) China will effectively suspend implementation of additional export controls on rare-earth metals and terminate investigations targeting US companies in the semiconductor supply chain, the White House announced. Podcast Conversation: 'The Great British Bake Off' Is a Great British Betting Zone 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 See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Apple blamed a surprise decline in China revenue on supply disruptions, predicting it will return to growth in the world’s biggest smartphone arena as the iPhone 17 gains momentum. (2) Amazon’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals. (3) Chinese leader Xi Jinping warned against “breaking supply chains,” in his first public remarks after a landmark meeting with US President Donald Trump that secured a one-year truce in the world’s biggest trade fight. (4) King Charles III on Thursday stripped his disgraced brother Prince Andrew of his remaining titles and evicted him from his royal residence after weeks of pressure to act over his relationship with sex offender Jeffrey Epstein, Buckingham Palace said. (5) In more than one way, Rob Jetten, the head of the liberal D66 party who might become the next Dutch prime minister, offers a stark contrast to Geert Wilders, the divisive anti-migrant lawmaker who heads the far-right Freedom Party. (6) Shares of the world’s top listed beer, wine and spirits makers have shed a combined $830 billion in a little more than four years as the industry grapples with monumental change. Russia’s tactics and hardware in Ukraine, its growing cooperation with China in the Bering Strait, shifts in activity off Norway, and the persistent challenge of the shadow fleet all reinforce his concerns of a looming threat that Denmark and its allies must prepare to confront. Podcast Conversation: Don't Have a Cow Over the Steak Economy See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Donald Trump and Xi Jinping wrapped up their highly-anticipated summit after around an hour and a half on Thursday, concluding talks they hoped would quell an expansive trade fight that has shaken global markets. (2) The largest technology companies are betting on an AI future powered by gigantic complexes of data centers filled with humming servers. (3) Federal Reserve Chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight interest-rate cut with another in December. (4) Prime Minister Keir Starmer refused to rule out raising income tax, national insurance or value added tax at the upcoming budget, suggesting the government may break its pre-election promises in order to fill a growing hole in the public finances. Dutch Election: The progressive Democrats 66 party was on track to win the Dutch parliamentary election after voters dealt a blow to Geert Wilders’ far-right Freedom Party and threw support behind mainstream political groups. Podcast Conversation: Starbucks Drinkers Are Exiting Fast, Not Lingering Over Coffee See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Nvidia Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are on track to generate half a trillion dollars in revenue. (2) Donald Trump said he expects to lower tariffs the US has imposed on Chinese goods over the fentanyl crisis and speak with China’s Xi Jinping about Nvidia Corp.’s flagship Blackwell artificial intelligence chip, as leaders of the world’s biggest economies seek to ease tensions in a meeting on Thursday. (3) UBS Group profit beat expectations in the third quarter as investment banking revenue and lower-than-forecast legal costs boosted performance. (4) Deutsche Bank AG exceeded analyst estimates for fixed-income trading, and Banco Santander posted third-quarter results that beat analysts’ estimates in its sixth consecutive quarterly record. (5) Hurricane Melissa is expected to make landfall in Cuba just hours after it became the strongest recorded storm to strike Jamaica, where it left hundreds of thousands without power and forced hospitals to evacuate. (6) Prime Minister Benjamin Netanyahu ordered “forceful strikes” against Hamas in response to attacks on Israeli soldiers in Gaza, jeopardizing a US-brokered ceasefire that’s held for just over two weeks. (7) For years, a drab building located just one mile past the skyscrapers of London’s Canary Wharf neighborhood has been the site of one of the fiercest battles in the world of high-frequency trading. Podcast Conversation: Bone-In Fried Chicken Is Making KFC ‘Irrelevant’ and ‘Invisible’ See omnystudio.com/listener for privacy information.