Bloomberg Daybreak: Europe Edition

In this insightful discussion, Daniel Moss analyzes the implications of Federal Reserve subpoenas on its independence and market responses. Paul Wallace dives into the escalating protests in Iran, exploring triggers for potential upheaval and its global ramifications. Lastly, Sarah Jacob sheds light on the looming Europe-China chip feud, focusing on the high-stakes legal battle involving Nexperia and its impact on supply chains. Together, they tackle the intersection of politics, economics, and technology in a rapidly changing world.

Michael McKee, Bloomberg's international economics correspondent, dives into U.S. inflation data and its implications for Federal Reserve policy, while highlighting the distortions from missing data. Herman Chan, a senior U.S. banks analyst, discusses drivers of bank earnings, emphasizing strong trading outcomes and how Fed rate cuts could enhance net interest margins. John Liu, Bloomberg's chief China correspondent, analyzes geopolitical tensions, especially between China and Japan, and the shifting landscape of China's trade relationships, including ties with Latin America and Europe.

Peter Navarro, an economist and former Trump trade advisor known for his strong stance on China, shares his insights on upcoming Supreme Court rulings concerning tariffs. He examines the legal implications and potential refund processes tied to these import taxes. Navarro also discusses alternative strategies the administration might consider if tariffs are deemed illegal. The conversation dives into the political stakes of these decisions and Navarro's relentless work ethic and mission-driven approach during his time in the White House.

Roslyn Matheson, Bloomberg's chief Asia correspondent, shares her insights on the complex relationship between Chinese oil firms and the Venezuelan economy amidst increasing U.S. pressure. She explores the implications of Trump's defense spending demands and how they could affect ties with military contractors. Matheson also discusses whether China will adapt its strategy in Latin America in response to evolving geopolitical dynamics and U.S. actions, providing a compelling analysis of today's intricate global landscape.

John Harney, Bloomberg's Washington, D.C. editor, discusses the U.S. government's potential military interest in Greenland amidst rising tensions with Denmark. Stephen Sapchinsky, Bloomberg's energy correspondent, reveals Venezuela's plan to send 50 million barrels of oil to the U.S. and the implications for global energy markets, including the role of Chevron in exporting Venezuelan oil. The conversation delves into complex geopolitical dynamics and the challenges ahead for U.S. energy investment.

Derek Wahlbank, Senior U.S. government editor at Bloomberg, dives into Nicolás Maduro's not guilty plea in a major narco-terrorism case, revealing potential geopolitical shifts. He also discusses Venezuela's political turmoil and the implications for U.S. policy. Meanwhile, Ben Stupples, an ultra-wealth reporter, highlights the exodus of family offices from the UK amid tax reforms, exploring new wealth hubs and their ripple effects on investments and real estate. Both guests uncover critical trends reshaping global power and wealth.

Rosalind Matheson, Bloomberg's Chief Asia Correspondent, offers sharp insights on the geopolitical shift in Venezuela, especially after Maduro's capture and impending court appearance. Energy reporter Stephen Stapchinski dives into the daunting $100 billion challenge of reviving Venezuela's oil sector, discussing the outdated infrastructure and investment hesitations that could hinder progress. The conversation illuminates Trump's demands for U.S. access and the complexities surrounding global market reactions to these unfolding events.

Mike McGlone, a Senior Commodities Strategist at Bloomberg Intelligence, predicts a volatile commodity market and discusses gold's rally and oil's downtrend. Kate Crader, Bloomberg's Food Editor, explores culinary trends in Europe, highlighting the rise of experiential dining and upcoming restaurant openings. James McIntyre, an economist in Sydney, examines Australia's inflation outlook and the impact of migration on economic demand, suggesting the Reserve Bank may delay interest hikes as they monitor ongoing market changes.

Tiwa Adebayo, a dedicated news reporter, provides an on-the-spot report about a devastating fire in Crans-Montana that claimed around 40 lives during New Year celebrations. She shares powerful eyewitness accounts and details of the extensive emergency response. The conversation also touches on Christine Lagarde’s remarks about Bulgaria joining the euro area, showcasing Europe’s resilience amid challenges. Additionally, the tech sector, particularly AI and chipmaking, is highlighted as a major driver of stock market gains.

Dan Ives, Global Head of Tech Research at Wedbush, and Gene Munster, Managing Partner at Deepwater, delve into the future of AI and Big Tech. They discuss the continued bullish sentiment surrounding AI, predicting substantial growth and opportunities in the sector. Ives highlights NVIDIA's chip scarcity as a key driver, while Munster emphasizes the long-term potential of AI investments. Both guests forecast which major tech players might lead the market in 2026, suggesting that small-cap AI beneficiaries could also play a significant role in this evolving landscape.