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Chip Stocks Shed $420 billion, Trump Defends Tariffs & Reeves Budget Hunt

Bloomberg Daybreak: Europe Edition

CHAPTER

Economic Implications of Political Decisions and Luxury Market Struggles

This chapter examines how political comments and potential leadership changes, particularly regarding Trump, are affecting the stock market, with a focus on Alphabet. It also discusses the implications of EU tariffs on U.S. goods, the struggles of luxury brands like LVMH in China, and the budgetary concerns faced by the UK Chancellor.

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