Bloomberg Daybreak: Europe Edition

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.

Topics include US GDP and PCE data impact, Iran's upcoming Presidential election, US-China relations, FedEx's cost-cutting efforts, and implications of the US-China relationship on electric vehicles and semiconductors.

Topics include France's financial hub status at risk post-snap elections, Germany's asylum outsourcing plans, Blackstone's move into riskier investments, Bank of England's hint at rate cut, UK's Labour Party housing policy, and Wall Street bets on Fed interest rate cuts.

Bank of England expected to delay rate cut due to election, hedge funds focusing on training superstars, France's business lobby criticizes far-right and leftist parties, AI may replace finance jobs, China prepares to retaliate against EU tariffs on electric cars

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Nvidia’s relentless rally has propelled the semiconductor giant’s market capitalization over its mega-cap tech peers, helping it clinch the title of the world’s most-valuable company as the artificial intelligence wave continues. (2) Rishi Sunak’s Conservatives are on track to lose more than two thirds of the seats they won at the last general election when Britons cast their votes next month, according to the latest seat-by-seat analysis pointing to an electoral wipe-out for the prime minister’s party. (3) Some UK private schools say they’ll have to cut bursary programs that help low-income families should the party follow through on charging schools a value-added tax. (4) France and Italy will be among seven countries that will face a European Union infringement procedure for their excessive deficits last year, according to a person familiar with the matter. (5) National Rally leader Jordan Bardella said he will not become prime minister if his party doesn’t get a resounding victory in France’s snap election, setting a high bar for the far right to take the reins of policymaking. (6) Russian President Vladimir Putin arrived for his first visit to North Korea in 24 years as the US warned the meeting could further arms transfers from Kim Jong Un’s regime that aid the Kremlin in its assault on Ukraine. See omnystudio.com/listener for privacy information.