Bloomberg Daybreak: Europe Edition

Pressure mounts on Biden to drop out of US presidential race, while Kamala Harris gains new support. Zelenskiy challenges Trump on ending war with Russia. UK voters head to polls. Fed officials await evidence on inflation. Analysis of political and market developments.

UK General Election Final Push, Biden blames jet lag for poor performance, Marine Le Pen's party's tactics in France, S&P 500 hits record high, Boris Johnson's campaign appearance, concerns about Joe Biden's health and potential replacements in US politics

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The European Central Bank doesn’t yet have sufficient evidence that inflation threats have passed, President Christine Lagarde said — feeding expectations that officials will take a break from cutting interest rates this month.(2) French President Emmanuel Macron’s centrist alliance and the left-wing New Popular Front are weighing whether to pull candidates from the second round of the legislative election on Sunday to keep the ascendant far right out of power.(3) Tuition caps and rising inflation have forced schools to slash costs and recruit more lucrative international students. That strategy is now colliding with limits on immigration.(4) The Democratic National Committee is considering formally nominating Joe Biden as early as mid-July to ensure that the president is on November ballots, while helping to stamp out intra-party chatter of replacing him after last week’s poor debate performance.(5) The criminal trial over Donald Trump’s attempt to overturn the 2020 election could be delayed for a year or more after the US Supreme Court ruled Monday that presidents have some immunity for their “official” acts. See omnystudio.com/listener for privacy information.

Marine Le Pen's National Rally dominates French vote as Macron and opponents strategize. Euro strengthens amid election buzz. UK polls predict Conservative defeat. Biden campaign pushes back against calls to drop out of 2024 race.

Bloomberg Daybreak Weekend with Guest Host John Tucker takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the June jobs report. In the UK – a look ahead to UK elections. In Asia – a look ahead to the July 1st anniversary of the handover of Hong Kong to China from British colonial rule. See omnystudio.com/listener for privacy information.

The podcast discusses Biden's debate performance raising concerns about his age, IMF critiquing US deficits, and EU leaders nominating Ursula von der Leyen. Topics also include Trump seizing on Biden's flaws, concerns over Russian victory in Ukraine, and analysis of the presidential debate performances.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Keir Starmer accused Rishi Sunak of being “out of touch” with voters as the Labour leader promised to fix Britain’s stagnant economy and ailing public services, and the prime minister used the final televised debate to attack his poll-leading rival on taxes ahead of next week’s election.(2) Finance chieftains are once again looking to invest in London as political turmoil in France and the US make the UK look more competitive on the global stage, according to the chief executive officer of a top London lobbying group.(3) Former French President Francois Hollande indicated he’d be ready to build a new coalition that could govern if elections deliver a hung parliament as a leftist bloc he’s joined struggles to paper over internal divisions.(4)European Union leaders are poised to nominate Ursula von der Leyen for a second term as president of the bloc’s executive arm as part of a top jobs deal for the next five-year mandate.(5) The era of big paychecks for Chinese financiers is fast coming to an end as some of the industry’s biggest companies impose strict new limits to comply with President Xi Jinping’s “common prosperity” campaign.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Leaders of France’s three biggest political groups clashed in their first televised debate on everything from retirement and taxes to immigration as they sought to convince voters that they can be trusted to run Europe’s second-biggest economy.(2) Keir Starmer, who polls show is on course to be Britain’s next prime minister, said his Labour Party would target economic growth of at least 2.5% if it came to power at the July 4 general election.(3) Italy will be offered the chance to fill a senior role in the next European Commission as centrist parties look to wrap up a deal on the bloc’s top jobs before a summit later this week.(4) Federal Reserve Governor Lisa Cook said it will be appropriate to reduce interest rates “at some point,” adding that she expects inflation to improve gradually this year before more rapid progress in 2025.(5) Rivian Automotive will get a much-needed cash infusion through a new partnership with Volkswagen AG as automakers large and small rethink their strategies in a slowing electric-vehicle market. See omnystudio.com/listener for privacy information.

Topics covered include Nvidia's significant stock price decrease, Julian Assange's legal situation, and Britain's housing crisis. The podcast explores the challenges in the AI industry, political responses to the housing deficit, and the need for planning system reform in the UK.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Rishi Sunak's chances of avoiding a landslide defeat in the UK general election dwindled further as his governing Conservative Party struggled to contain revelations that several of the prime minister's close aides placed bets on the date of the vote. (2) Emmanuel Macron again sought to explain his decision to dissolve parliament, saying he aimed to take into account the defeat his party suffered in European elections and to avoid an even greater risk of turmoil to come. (3) China and the European Union agreed to start talks on the bloc's plans to impose tariffs on electric vehicles imported from the Asian nation.  (4) US prosecutors have recommended to senior Justice Department officials that Boeing Co. face criminal charges for violating a settlement related to two fatal crashes, Reuters reported, citing two people familiar with the matter it didn't identify. (5) The so-called Ozempic Revolution has wiped billions off the market value of food and drink companies. But new weight-loss drugs are giving a boost to at least one line of products that have sometimes previously faced sluggish demand: yogurt.  See omnystudio.com/listener for privacy information.