Bloomberg Daybreak: Europe Edition

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

On this special Memorial Day edition of Bloomberg Daybreak - hosted by Nathan Hager. 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. 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. Podcast Conversation: Come for the Biking, Stay for the Otters See 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 Mahjong See 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 Worse 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 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 Mayhem 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 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 Mayhem See 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. 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 Think See 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 Waste 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 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 Commission Podcast Conversation: What Teens Need From Parents in the Age of AI See 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 That See 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 That 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. 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 Destroy See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The US and Iran 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 Losing 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 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 Disappearing See omnystudio.com/listener for privacy information.