Bloomberg Daybreak: Europe Edition

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US: We look ahead to the January Jobs report and preview some big tech earnings we're watching In the UK: We look ahead to the BOE rate decision  In Asia: We detail the future of China's DeepSeek AI  See omnystudio.com/listener for privacy information.

In this discussion with Derek Wallbank, Bloomberg's senior editor for U.S. economics and government, listeners gain insights into President Trump's plans for 25% tariffs on imports from Canada and Mexico, which have already rattled foreign exchange markets. They delve into the serious implications of these tariffs on trade and immigration while examining the tragic plane crash in Washington, D.C. Additionally, Wallbank highlights a concerning study revealing that women have significantly less trust in the Bank of England compared to men amidst rising cost-of-living pressures.

A devastating midair collision involving an American Airlines regional jet and a military helicopter raises questions about airspace safety. Federal Reserve Chair Jerome Powell underscores a cautious approach to interest rates. Meanwhile, Tesla announces exciting plans for robotaxi operations, hinting at substantial upcoming growth. In the tech arena, scrutiny intensifies as Meta invests heavily in AI, while Microsoft struggles to meet the surging demand for its cloud services amid infrastructure challenges.

Join Lizzie Burden, Bloomberg's UK correspondent, as she reveals Rachel Reeves' ambitious plans to stimulate the UK economy through infrastructure projects. Meanwhile, Mark Gurman, the chief technology correspondent, discusses the secret collaboration between Apple, SpaceX, and T-Mobile to integrate Starlink support in smartphones. Delve into Microsoft's investigation into data security linked to AI, and uncover how the tech sector navigates these turbulent waters while pushing for innovation.

In this discussion, Mary Nicola, a strategist at Bloomberg Markets Live, analyzes the impact of DeepSeek, a Chinese AI startup releasing a groundbreaking open-source model. She highlights how this innovation challenges major players like Nvidia, leading to significant market sell-offs. The conversation also touches on President Trump's bold tariff proposals and their potential effects on US trade. Additionally, Nicola discusses the UK's plans to utilize pension fund surpluses to stimulate economic growth, reflecting evolving market dynamics.

Keir Starmer and Donald Trump reintroduced trade discussions, signaling a meeting soon. British businesses are facing their worst profit warnings since the pandemic. In an unexpected twist, Colombia has agreed to Trump’s immigration terms. Germany’s upcoming election heats up as migration becomes a hot topic, with Elon Musk backing the far-right AfD party. Meanwhile, Chinese AI startup DeepSeek is stirring concern in the tech sector, challenging the dominance of American firms like Nvidia with its innovative and affordable models.

Joining the discussion is James McIntyre, a Bloomberg economist known for his expertise in the Australian and New Zealand economies. He dives deep into Australia's consumer prices and economic health, analyzing how inflation metrics could influence the Reserve Bank's policies. The conversation also touches on the upcoming Fed decision and its implications, as well as the impact of U.S.-China trade relations on Australia’s economy. Expect insights on global economic challenges and the shifts in the labor market affecting Australia!

Jenny Marsh, Bloomberg's correspondent with a focus on China's economy, shares her insights on US-China trade relations and recent developments. Trump’s evolving stance on tariffs reveals a preference for avoiding conflict with China while still applying pressure on the Fed. The Bank of Japan's recent rate hike reflects growing confidence in inflation, influencing global economic dynamics. Marsh also discusses the implications of rising oil prices amid ongoing geopolitical tensions and a tumultuous UK economic landscape.

Volodymyr Zelenskiy insists U.S. troops are crucial for effective peacekeeping in Ukraine as tensions with Russia rise. The UK faces heightened security with a Russian spy ship inciting military responses. Meanwhile, Donald Trump downplays TikTok's national security risks after suggesting it might avoid a shutdown. Economic forecasts indicate more frequent recessions in the UK. Lastly, discussions on diversity initiatives within corporations reveal a divided landscape influenced by political shifts and public sentiment.

The potential for a 10% tariff on Chinese imports looms large as Trump keeps pressure on trade relations. Meanwhile, a $100 billion AI initiative, Project Stargate, aims to revolutionize tech infrastructure. Netflix celebrates a record subscriber boost thanks to live sports and beloved series like Squid Game. On the geopolitical front, possible sanctions against Russia add to the tension over Ukraine. Plus, there's a discussion about the challenges of navigating U.S.-China relations amid the fentanyl crisis and Taiwan's sovereignty concerns.