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 Nvidia earnings and minutes from the Fed In the UK - we preview this season of European fashion weeks. They're expected be as glamorous as ever, with the fashion elite descending on London, then Milan, and then Paris. In Asia - looks at what we can expect from the minutes of the Reserve Bank of Australia See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Apple, racing to add more artificial intelligence capabilities, is nearing the completion of a critical new software tool for app developers that would step up competition with Microsoft. (2) Keir Starmer's poll-leading opposition Labour Party overturned significant majorities to win two parliamentary seats from Rishi Sunak's governing Conservative Party, denting the prime minister's hopes of wrestling back momentum ahead of a UK-wide vote expected this year. (3) UK Chancellor Jeremy Hunt has deemed a plan to cut the basic rate of income tax to 18% from 20% unaffordable, The Telegraph reports, citing a person familiar with the matter. (4) Federal Reserve Bank of Atlanta President Raphael Bostic said there's no rush to cut interest rates with the US labor market and economy still strong, and cautioned it's not yet clear that inflation is heading sustainably to the central bank's 2% target. (5) For more than 20 years, Stavros Gavriliadis and Dimitrios Elefsiniotis have been building a life together. They bought a house and started a family. But under Greek law, they couldn't marry or both be recognized as the parents of their three children — until this week. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Britain fell into a technical recession in the second half of 2023. GDP shrank 0.3% in the fourth quarter, pushing the UK into a shallow economic dip. (2) Israeli Prime Minister Benjamin Netanyahu has opted not to send a delegation to Cairo for follow-up talks aimed at securing a cease-fire with Hamas, again dismissing the militant group’s demands as “delusional.” (3) Vladimir Putin praised Joe Biden as a more reliable alternative for Russia than Donald Trump, making his first public comments on the American presidential election. (4) Donald Trump is considering scaled-back commitments to some NATO members and a push for Ukraine to negotiate an end to the war with Russia if he returns to power next year, according to people familiar with the matter. (5) Bank of England Governor Andrew Bailey said weaker-than-expected inflation in January “pretty much leaves us where we were” after the data prompted traders to shift forward bets on interest-rate cuts. (6) Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: Israeli Prime Minister Benjamin Netanyahu has opted not to send a delegation to Cairo for follow-up talks aimed at securing a cease-fire with Hamas, again dismissing the militant group’s demands as “delusional.” Vladimir Putin praised Joe Biden as a more reliable alternative for Russia than Donald Trump, making his first public comments on the American presidential election.Donald Trump is considering scaled-back commitments to some NATO members and a push for Ukraine to negotiate an end to the war with Russia if he returns to power next year, according to people familiar with the matter.Bank of England Governor Andrew Bailey said weaker-than-expected inflation in January “pretty much leaves us where we were” after the data prompted traders to shift forward bets on interest-rate cuts.Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.At least one person has been killed and more than 20 others wounded after a shooting at a parade in Kansas City celebrating the winners of the Superbowl.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) US consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts.(2) The global bond rally that started in December with the hope that the Federal Reserve had finally pivoted to favor interest-rate cuts has evaporated.(3) UK inflation data will likely show that both the headline and services figures accelerated in January. (4) Russia is relying on thousands of workers from neighboring countries to undertake the multi-billion-dollar reconstruction in the occupied territories of Ukraine.(5) Since the Covid-19 pandemic upended the use of real estate around the world, lenders have had little incentive to get tough on borrowers squeezed by soaring interest rates and take on loans that had lost value. For many, the time to wait it out is nearing its end.(6) Less than an hour after issuing its earnings, Lyft Chief Financial Officer Erin Brewer joined a call with analysts and said the company is actually expecting margins to expand by 50 basis points — not 500.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK wage growth slowed less than expected in the fourth quarter, underscoring the Bank of England's caution against moving too quickly to cut interest rates. (2) Arm Holdings Plc soared again on Monday, extending a three-day rally that has driven its value up almost 100%, after a blockbuster earnings report last week showed artificial intelligence spending is bolstering sales.(3) US President Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying that could lay the groundwork for broader peace.(4) Elon Musk told US Republican senators "there is no way in hell" that Russian President Vladimir Putin could lose the war on Ukraine, weighing in on a conflict that has been affected by Musk's own Starlink satellite services.(5) Bond traders have come more in line with the Federal Reserve's trajectory for the upcoming easing cycle. Strategists at Citigroup Inc. say what's missing now is traders hedging the risk of a very brief easing cycle followed by rate increases shortly thereafter.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) US President Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying those conditions could lay the groundwork for broader peace.(2) Bond traders have come more in line with the Federal Reserve's trajectory for the upcoming easing cycle. Strategists at Citigroup Inc. say what's missing now is traders hedging the risk of a very brief easing cycle followed by rate increases shortly thereafter.(3) Arm Holdings soared again on Monday, extending a three-day rally that has driven its value up almost 100%, after a blockbuster earnings report last week showed artificial intelligence spending is bolstering sales.(4) Regulatory reforms since the 2008 financial crisis cannot be blamed for the sharp discount in UK commercial bank valuations, Bank of England Governor Andrew Bailey said.(5) Britain isn't building enough homes and the shortage is about to get even worse. That's based on calculations by Bloomberg News of government population data and homebuilding targets from the biggest political parties, which suggests a shortfall of almost 100,000 homes a year over the next parliament when including pent up demand from years of missed targets. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Donald Trump's comments over the weekend that he once told a European leader he'd abandon NATO members to a Russian invasion if they hadn't met defense-spending commitments have renewed talk about what a second term would mean for allies.(2) Israel's military conducted strikes early Monday morning on the city of Rafah in the southern Gaza Strip, where more than 1 million people have sought shelter from the fighting.(3) Ukrainian military intelligence said Russian forces increasingly use Starlink terminals on the frontline, a new twist in Kyiv's uneasy relationship with Elon Musk's internet service.(4) NatWest Group is preparing to hand out marginally lower bonuses to its staff as the UK government works on a plan for a retail share offer that could significantly cut its remaining stake in the bank, Sky News reported. (5) The Kansas City Chiefs have won the Super Bowl, beating the San Francisco 49ers 25-22 in overtime. Star Quarterback Patrick Mahomes threw the winning touchdown pass with 3 seconds left on the clock.See omnystudio.com/listener for privacy information.

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 inflation data and Coca-Cola earnings In the UK - we discuss geopolitics ahead of the Munich Security Conference In Asia - key eco data is in focus as the BOJ weighs ending its interest rate policy See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) President Vladimir Putin said Russia hasn't achieved its objectives in Ukraine yet, adding in an interview with former Fox News host Tucker Carlson that he would consider negotiations if the US stops supplying weapons to Kyiv. (2)  President Joe Biden forcefully — and at times angrily — sought to combat suggestions his acuity was declining in a hastily-arranged press conference Thursday night. But the 81-year-old leader may have made his biggest election-year liability worse. (3) US regulators will begin requiring hedge funds to confidentially share more information about their investment strategies. (4) Chancellor of the Exchequer Jeremy Hunt said he is "very attracted" to the idea of creating a tax-free savings account for investing in British stocks — a so-called British ISA — as part of efforts to boost the UK's struggling stock market. (5) Once treated as heirlooms, pro football franchises are now billion-dollar businesses, and a new class of investors is circling See omnystudio.com/listener for privacy information.