Bloomberg Daybreak: Europe Edition

Bloomberg
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Mar 20, 2024 • 16min

The S&P's New Record & Billionaire Retail Magnates, The Issa Brothers, See Their Empire Fall

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.
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Mar 19, 2024 • 16min

Japan's First Rate Hike In 17 Years & The Nvidia YOLO Trade

Bank of Japan ends aggressive stimulus program, Nvidia unveils new AI chips, YOLO trading craze hits Nvidia, Chinese company Evergrande inflation scandal, Elon Musk uses ketamine, Selena Gomez's cosmetics company attracts offers
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Mar 18, 2024 • 15min

Google In Talks To Power iPhone AI & The 200% FTX Bankruptcy Trade

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Apple is in talks to build Google's Gemini artificial intelligence engine into the iPhone, according to people familiar with the situation, setting the stage for a blockbuster agreement that would shake up the AI industry. (2) A defiant Vladimir Putin says Russia won't be stopped from pursuing its goals after he swept to a record victory in a presidential election whose outcome was pre-determined (3)Bank of Japan Governor Kazuo Ueda and his board have one more day to decide if it's time for the nation's first interest rate hike in 17 years amid simmering speculation that it will proceed. (4) Israel's military made its deepest incursion into Gaza City in about two weeks, saying its troops were undertaking a "precise operation" targeting the main hospital in the northern metropolis that bore the brunt of the first weeks of fighting in the conflict. (5) A trade, targeting the remains of Sam Bankman-Fried's once-vast cryptocurrency empire, is netting distressed investing firms a 200% profit.  See omnystudio.com/listener for privacy information.
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Mar 16, 2024 • 38min

Daybreak Weekend: Fed Preview, UK Rate Decision, Tencent Earnings

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 -  a preview of next week’s Fed decision and Nike earnings. In the UK -  a preview of the UK’s next rate decision. In Asia -  a look ahead at the RBA’s next monetary policy decision & Tencent earnings. See omnystudio.com/listener for privacy information.
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Mar 15, 2024 • 17min

A Warning To Europe & Regenerating A Paris Crack Den

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) French President Emmanuel Macron warned that the European Union would face an “existential” threat of a Russian invasion unless Vladimir Putin’s forces are defeated in Ukraine. (2) The European Central Bank has succeeded in taming inflation without causing an economic downturn, according to Governing Council member Yannis Stournaras.(3) Prime Minister Rishi Sunak ruled out a UK general election on May 2, signaling that a public vote would take place later this year instead.(4) The UK government’s flagship “levelling up” pledge to revitalize disadvantaged regions has been beset by “astonishing delays” that have seen just 10% of the promised funding spent, a parliamentary committee has found.(5) A Paris neighborhood notorious for its past as a den for crack cocaine dealers is getting a new lease of life thanks to the Olympics. But as the area changes and new people move in, can the city ensure that the residents who were there in the first place don't get kicked out? See omnystudio.com/listener for privacy information.
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Mar 14, 2024 • 17min

Ukraine Targets Russian Cash Cow & UK Curbs Foreign Media Control

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:Ukrainian drone attacks halted three oil refineries deep within Russian territory in an assault President Vladimir Putin said was aimed at disrupting his presidential election later this week. Dutch election winner Geert Wilders has dropped his bid to become prime minister, after months of coalition talks following his shock win in November.Rishi Sunak's government plans to ban foreign states from controlling or influencing UK newspapers and news magazines, a move that appears to rule out a UAE-linked takeover of the Telegraph newspaper.Donald Trump has talked about hedge fund titan John Paulson as Treasury secretary if he wins the November presidential election, and has held a series of meetings with potential cabinet picks, according to people familiar with the matter. Britain's housing market picked up in February, with an increase in both new buyer inquires and properties for sale after prices stabilized. See omnystudio.com/listener for privacy information.
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Mar 13, 2024 • 16min

Trump Secures Presidential Nomination & A Surge in Fake Ozempic

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Donald Trump has clinched the Republican presidential nomination, capping off a stunning political comeback fueled by grievance and vengeance and formally entering what's poised to be the longest and costliest general election in recent memory.  (2) Polish President Andrzej Duda said Russian President Vladimir Putin will attack other states if the Kremlin wins its war in Ukraine as he sought to convince the US to approve further assistance for Kyiv. (3) Citadel founder Ken Griffin said the Federal Reserve should move slowly in lowering interest rates to avoid the possibility of having to reverse course later. (4) TikTok's Chief Executive Officer Shou Chew went to Capitol Hill Tuesday to lobby against a bill that would force the app's Chinese parent to sell it or face a ban in the US. (5) The UK medicines agency has seized 869 fake Ozempic pens so far — more than its counterparts in Denmark, Ireland, Switzerland, Iceland and the Netherlands combined. The pens found in Britain include crude fakes as well as ones distributed in bulk by more sophisticated criminals. See omnystudio.com/listener for privacy information.
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Mar 12, 2024 • 16min

Murdoch Eyes The Telegraph & Dimon's Recession Warning

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Rupert Murdoch's News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph, alongside the UAE-backed investment fund RedBird IMI, people familiar with the matter said.(2) Jamie Dimon said he wouldn't take the prospect of a recession in the US "off the table," but that the Federal Reserve should wait before it cuts interest rates.(3) The European Central Bank is leaning against any immediate change in the amount of money lenders need to park with it interest-free, removing for now the threat of a hit to bank profitability.(4) The deadlock in Ukraine is "shifting the momentum" in the war there in Moscow's favor, US intelligence agencies told senators on Monday. (5) Former Credit Suisse Chief Executive Officer Tidjane Thiam signaled his intention to run for president of Ivory Coast in October next year.  See omnystudio.com/listener for privacy information.
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Mar 11, 2024 • 16min

Biden's Red Line, Super Tuesday for Bonds, and a Brexit Hurdle

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) US President Joe Biden warned Israel against an invasion of the city of Rafah in southern Gaza as cease-fire talks between Israel and Hamas remained deadlocked at the beginning of Ramadan.(2) Job vacancies in England have fallen to their lowest in more than three years, reducing the hope that the UK economy will bounce back strongly from the recession that hit last year.(3) Before the cart, or even the horse, comes something else to put first: the Brexit paperwork. That’s what transporters outside the UK are dealing with as they move racehorses into England for this week’s Cheltenham Festival, one of the richest sports events in Europe.(4) Eight months after raising interest rates to a two-decade high, Federal Reserve Chair Jerome Powell and his colleagues are moving closer to dialing back their inflation fight.(5) Aramco raised its dividend despite a retreat in energy prices and lower production, a boost for Saudi Arabia as it faces a widening budget deficit. (6) Oppenheimer, the biographical film about the inventor of the atomic bomb, picked up a total of seven Academy Awards, including best picture and best director for Christopher Nolan. See omnystudio.com/listener for privacy information.
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Mar 9, 2024 • 39min

Daybreak Weekend: U.S CPI, UK Real Estate, Asia Tech Earnings

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 – a preview of U.S CPI and Retail sales data, and a look ahead to earnings from Adobe and Oracle. In the UK -  a look ahead to a major real estate conference on the French riveria In Asia – a preview of Hon Hai and CATL earnings.See omnystudio.com/listener for privacy information.

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