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 - As earnings season kicks off, we preview what we can expect from some of Wall Street's biggest banks.  In the UK -  The economic trajectory will be back in focus in the coming days - as a batch of data will help tell us whether Britain may avoid a recession. A recent survey of company executives highlighted their pessimism about the outlook - despite the encouraging signs coming from some quarters.  In Asia - Taiwan's presidential election is set for January 13th.The results will help shape the course of US-China relations for years to come.   In DC - With the race for President in full swing, we look at a new series of new Gallup polls focusing on the election. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Islamic State claimed responsibility for Wednesday’s attack in Iran that killed scores of people and threatened to further inflame tensions in the Middle East. (2) The options market for US Treasuries was abuzz Thursday following the emergence of a large bearish wager that Friday’s jobs report will trigger the biggest backup in benchmark yields in more than nine months. (3) As housing shortages cause rents and home prices to surge across major European cities, investors have the capacity to inject an estimated 82 billion euros in new residential projects over the next two years.(4) Huawei’s newest laptop runs on a chip made by Taiwan Semiconductor Manufacturing, a teardown of the device showed, quashing talk of another Chinese technological breakthrough.(5) Prime Minister Rishi Sunak suggested he plans to call a UK general election in the fall, as he sought to silence growing calls from opposition parties for a vote in May. 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 policymakers agreed last month that it would be appropriate to maintain a restrictive stance “for some time,” while acknowledging they were probably at the peak rate and would begin cutting in 2024.(2) Iran said attacks that killed almost 100 people in the central part of the country were carried out to punish its stance against Israel, the latest sign that the war between the Jewish state and Hamas risks widening into a broader regional conflict.(3) The glitzy Victoria Square development, boasting two skyscrapers and a new Hilton Hotel, was to be a new landmark for the London commuter town of Woking. Instead, it stands as a monument to how financial bets by local councils can go badly wrong.(4) Several previously confidential documents related to Jeffrey Epstein were made public in federal court in New York after a yearslong battle over their release.(5) UK businesses are keeping their investment plans on ice because of high debt-servicing costs and a stagnant economy, according to the British Chamber of Commerce. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) A senior Hamas leader was killed by Israel in an explosion in Beirut, according to the Palestinian militant group, raising fresh concerns of a regional escalation of the war in Gaza. (2) Container shipping giant Maersk says it will once again stop letting its vessels sail through the Red Sea, a vital trade corridor, after another of its carriers came under attack in the space of a few weeks. (3) Apple got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays to downgrade the stock. Shares fell 3.6% on Tuesday, their biggest one-day percentage drop since September, and the decline erased more than $107 billion in market value. (4)  Tesla delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay ahead of China's BYD Co. in global electric-car sales. (5) Claudine Gay is stepping down as president of Harvard University, ending a brief and tumultuous tenure marred by allegations of plagiarism and a campus controversy over antisemitism. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Iran has dispatched a warship to the Red Sea after the US Navy destroyed three Houthi boats, a move that risks ratcheting up tensions and complicates Washington's goal of securing a waterway that's vital to global trade. (2) Israel's Supreme Court overturned a highly contested law aimed at weakening the justices' own power in a loss to Prime Minister Benjamin Netanyahu's right-wing coalition. (3)  ASML canceled shipments of some of its machines to China at the request of US President Joe Biden's administration, weeks before export bans on the high-end chipmaking equipment came into effect, people familiar with the matter said. (4)  At least 30 people were killed and scores injured in a powerful earthquake that hit off the Noto Peninsula on Japan's northwest coast, toppling buildings, buckling roads and triggering a blaze that ripped through a city.  (5) Britain's push to become a "space superpower" is being undermined by political disarray and weak domestic investment, while showing how the nation needs international partners more than ever post-Brexit.See omnystudio.com/listener for privacy information.

Bloomberg’s Nathan Hager spends the hour covering the biggest tech stories from 2023 and what we can expect for the year ahead. He speaks with Gene Munster of Deepwater Asset Management and Dan Ives from Wedbush. 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 Friday's December jobs report. Bloomberg Economics says the data should show job growth resuming its slowdown and the unemployment rate edging up. In the UK -  consumers are feeling the pinch from the higher cost of living - but they're still spending enough to fuel London's restaurant and cultural scenes. The weaker pound versus the dollar has also helped attract more big-spending tourists, particularly from the US. We check in on the restaurant scene.  In Asia -  as 2023 comes to a close, we take a look at what's ahead for markets in China, India and Japan in 2024.  In Washington - while our attention is focused on the presidential election in 2024, a possible government shutdown and other disruptions loom.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Maine’s secretary of state ruled that Donald Trump cannot run in the state’s Republican primary, citing his efforts to overturn the 2020 election results.(2) Half of the container-ship fleet that regularly sails the Red Sea and Suez Canal is avoiding the route now because of the threat of attacks, according to new industry data. (3) Ukraine’s premier sounded the alarm over the country’s finances, requesting an emergency meeting with international donors as Kyiv confronts “exceptionally high uncertainty” over its budget at the start of the year. (4) UK consumers are increasingly worried about their financial security and holding tighter to their purse-strings heading into 2024, reviving concerns that the economy could tip into a recession. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The world’s debt market is on track to post its biggest two-month gain on record as traders ramp up expectations that central banks everywhere will slash interest rates next year.(2) The Biden administration announced Wednesday $250 million in weapons and equipment for Ukraine, its final package for the year, as officials press Congress to renew aid in the new year. The Pentagon has previously said it will run out of money to replace weapons sent to Ukraine by Dec. 30 unless Congress approves new funding.(3) Shipping giant Hapag-Lloyd said it will keep its vessels away from the Red Sea even after the launch of a US-led taskforce to protect the key trade route from militant attacks. (4) Britain’s economy probably will avoid a recession in 2024 and strengthen in the second half of the year as consumers benefit from falling inflation and the easing of a lengthy cost-of-living crisis. 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 strikes on targets in Iraq and fresh attacks by Houthi militants on shipping in the Red Sea provided the latest warning signs that the war in Gaza risks expanding into a wider conflict destabilizing the Middle East.(2) Wall Street kicked off the final week of 2023 with gains in stocks, extending a rally that put the market on the brink of a record. (3) Elon Musk once scoffed at the notion that BYD could compete with Tesla. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.(4) Apple, seeking to defend a business that generates roughly $17 billion a year, is appealing a US sales ban of its smartwatches after the White House refused to overturn the measure. See omnystudio.com/listener for privacy information.