Bloomberg Daybreak: Europe Edition

Bloomberg's Nathan Hager and Michael McKee discuss the latest PCE data and reaction from Fed Chair Jerome Powell. Plus, reaction from Wells Fargo Senior Economist Sarah House.See omnystudio.com/listener for privacy information.

Bloomberg's Nathan Hager breaks down the latest PCE data with Bloomberg Economics and Policy Editor Michael McKee. Plus, reaction to the data from Tom Porcelli, Chief US Economist at PGIM Fixed Income, and Wells Fargo Senior Economist Sarah House. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1)  Federal Reserve Governor Christopher Waller said there is no rush to lower interest rates, emphasizing that recent economic data warrants delaying or reducing the number of cuts seen this year.(2)  JP Morgan's chief global equity strategist warned clients on Wednesday that they could be “stuck on the wrong side” of the momentum trade when it eventually falters, and he encouraged them to consider diversifying their holdings and thinking about risk management in their portfolios. (3) Ozempic could be profitably produced for less than $5 a month even as maker Novo Nordisk charges almost $1,000 in the US, according to a study that revives questions about prices for top-selling treatments for diabetes and obesity.(4) Treasury Secretary Janet Yellen said she expects insurers’ payouts to help cover some of the costs of rebuilding the Baltimore bridge that collapsed earlier this week.(5) The huge scale of the spending demands facing the next UK government is laid bare in a new report by the head of an influential parliamentary committee.See omnystudio.com/listener for privacy information.

Topics discussed in this podcast include the Baltimore bridge collapse disaster, the yen hitting a 34-year low, potential job loss due to AI, cocoa futures surging, and the difficulty of short trading against Donald Trump's social media startup.

Elon Musk's Starlink terminals being illegally traded, Bank of England possibly cutting rates first, Chinese hackers targeting UK, Boeing's major overhaul, Trump's wealth surge

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Russian authorities showed footage of four men charged in court with carrying out the deadly Moscow concert hall attack after interrogations that traced their origins to Tajikistan. (2) French authorities have raised their security alert level to the maximum following the deadly Friday attack in a Moscow concert hall.(3) Bond traders are cautiously reloading wagers that burned them just weeks ago as the Federal Reserve and key global peers finally appear set to begin reducing interest rates as soon as June. (4) Britain's ruling Conservative party will promise to keep the generous "triple lock" on state pensions in the upcoming election despite the spiraling cost of the commitment, Chancellor of the Exchequer Jeremy Hunt said. (5) As Donald Trump sits in a Manhattan courtroom Monday for a hearing related to one of his criminal cases, he'll also be facing a moment of truth for his finances: a deadline that same day to either post a bond to cover a $454 million civil fraud verdict or risk having New York state start the process of seizing some of his assets.See omnystudio.com/listener for privacy information.

Preview of U.S. economic data, challenges in Europe's chocolate industry, and a look at BYD's market strategies. Insights on cruise industry outlook post-pandemic and the impact of cocoa price hikes on chocolate production. Analysis of China bank earnings and confidence in the banking system.

Regulators eye Apple's market dominance, BOE hints at rate cuts. Puigdemont seeks return, progress in Gaza peace. Reddit's IPO success, Apple's antitrust woes in EU. EU membership talks, frozen assets support Ukraine.

Federal Reserve maintains outlook for rate cuts despite inflation concerns, Bank of England to keep rates high, Fidelity International faces layoffs, Ireland's political shift, Reddit's successful IPO

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Wall Street traders gearing up for the Federal Reserve decision sent stocks to fresh all-time highs amid gains in several big techs. (2) The likelihood that central banks are about to embark upon the most synchronized reduction of interest rates since 2008 looks set to support the dollar in its nascent rebound. (3) Mohsin and Zuber Issa turbocharged their retail empire in the easy-money era of the past decade through dozens of debt-funded deals to form one of the world’s largest owners of gas stations and convenience stores (4) The opposition Labour Party’s chancellor-in-waiting Rachel Reeves pledged a fundamental “course correction” for the UK economy, saying the country needed to invest in growth and solve underlying structural problems to break the grip of stagnation.  (5) JPMorgan unexpectedly lifted its dividend 9.5% in the wake of a record annual profit and as regulators signal they may rethink proposals for tightening capital rules.See omnystudio.com/listener for privacy information.