Stephen Carroll, the Bloomberg Daybreak Europe anchor, shares insights on the surge of Nvidia's H20 AI chips, now cleared for sale in China, marking a significant win for the company. He discusses the EU's new tariff targets worth €72 billion against the U.S. if trade negotiations falter, emphasizing the strained transatlantic relations. Carroll also highlights the upcoming earnings season for major U.S. banks, noting that while trading is strong, investment banking faces challenges due to sluggish deal activities.