Bloomberg Daybreak: Europe Edition

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) A temporary ceasefire in the war between Israel and Hamas has begun. An initial group of women and children hostages will be released by Hamas in the afternoon. In total Hamas has agreed to free 50 hostages while Israel will release 150 jailed Palestinians. All of those involved in the deal are women and children. (2) Barclays is working on plans to reduce costs by as much as £1 billion ($1.3 billion) over several years, which could involve slashing as many as 2,000 jobs, according to Reuters. (3) Germany will suspend a constitutional limit on net new borrowing for a fourth consecutive year after Chancellor Olaf Scholz's government was forced into a radical budget overhaul by a ruling last week from the nation's top court. (4) UK consumer confidence rebounded in November, with households more willing to splash out on major purchases ahead of Christmas, a survey found.  (5) A growing number of London's richest homebuyers are choosing to rent rather than buy as high interest rates and a tough tax environment curb investment. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Chancellor Jeremy Hunt will provide a £21 billion stimulus to the UK economy in the run-up to the next election, threatening to fuel inflation and prompt the Bank of England to keep interest rates in painfully high territory. (2) Far-right lawmaker Geert Wilders won the Dutch elections and said he plans to lead the country's next government, in a shock result that will resound across Europe. (3) Israel and Hamas's talks over a deal for a short-term truce continued overnight, with Israeli officials signaling that the release of hostages from Gaza would be delayed for a day until Friday. (4)  Warren Buffett said that the donation of his fortune to charitable causes after his death will be open to public scrutiny, though the 93-year-old billionaire said he's still doing fine for now. (5) A special report on Viktor Orban's $1 Billion School for Tomorrow's Nationalists. The Budapest-based college has turned into a powerful tool for the populist Hungarian leader to export his world view. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Israel and Hamas backed a deal that will free dozens of hostages from Gaza in return for a four-day pause in fighting and the release of a number of Palestinian prisoners — the first lull in a conflict that began Oct. 7 and has killed thousands of people. (2) OpenAI will bring back Sam Altman and appoint new board members, after nearly all of its employees threatened to quit over his surprise ouster. Altman is returning to his role as chief executive officer and the new board will be chaired by Bret Taylor and include Larry Summers and Adam D'Angelo. (3) UK Chancellor of the Exchequer Jeremy Hunt aims to boost business investment by £20 billion ($25 billion) a year by unleashing a package of measures on Wednesday including making permanent a 100% tax relief on investment spending by British businesses.  (4) Binance Holdings and its Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating. (5) Nvidia investors gave a cool reaction to its latest quarterly report, which blew past average analysts' estimates but failed to satisfy the loftier expectations of shareholders who have bet heavily on an artificial intelligence boom. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Hamas chief Ismail Haniyeh said his group is close to reaching a "truce agreement" in talks with Qatar and Israel, rare public comments that suggest discussions over freeing some hostages held by the militant group are progressing. (2) According to a memo seen by Bloomberg, OpenAI is once again in active discussions to reunifying the company and bring back their ousted CEO Sam Altman. (3) Bank of England Governor Andrew Bailey warned the central bank may have to raise interest rates again and that food and energy costs remain an upside risk to the inflation outlook. (4) The shock that rippled through global housing markets as central banks rapidly raised interest rates last year has given way to a cold new reality: The real estate bonanza that fueled wealth for millions of people is over. (5) France is at risk of flouting the European Union's fiscal guidance while Germany and Italy are deemed not fully compliant, according to people familiar with the matter.  See omnystudio.com/listener for privacy information.

 Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1)  OpenAI's board hired former Twitch chief Emmett Shear as chief executive officer, defying calls from investors to reinstate the ousted Sam Altman, according to people familiar with the matter.  (2) Jeremy Hunt is set to reveal plans to cut Britain's tax burden at this week's Autumn Statement, a pivotal time for the struggling Tories in one of their few remaining set-piece events before a general election expected next year. (3) A deal for Hamas to release hostages taken during its Oct. 7 attack on Israel may be the closest yet and would require a multiday pause in the fighting, US Deputy National Security Advisor Jon Finer said. (4) Elon Musk railed against "bogus" media reports accusing him of antisemitism, issuing his strongest response yet after endorsing antisemitic content in a post on X that provoked outrage and alienated advertisers like Apple. (5) London Heathrow Airport has experienced flight delays on Sunday after staff shortages and bad weather led to limits on air traffic. See omnystudio.com/listener for privacy information.

Topics discussed include Nvidia's upcoming earnings report, UK Chancellor's limited scope for easing fiscal policy, Biden administration's concession to China on fentanyl crisis, and a stopgap bill to avert US government shutdown. Economic analysis, plans for crackdown, and challenges in combating fentanyl manufacturing are also covered.

Alphabet's CEO discusses China's role in AI and the need for collaboration. Applied Materials faces criminal investigation. UK companies can release pension funds for investment. Aston Martin team sells minority stake. Inflation data shows easing pressure. Podcast explores global cooperation on AI regulation and climate change, falling bond yields as a rate cut, and central bank communication.

China's President Xi Jinping emphasizes a desire for peaceful ties with the US. The controversy surrounding Israel's military raid on Gaza's Shifa hospital and President Joe Biden's support for Israel. UK opposition leader Keir Starmer faces challenges amidst calls for a ceasefire. Rishi Sunak battles to save his plan to deport asylum seekers. Gender disparities still present in the finance industry.

Israeli troops raid Gaza's biggest hospital in operation against Hamas. White House frustrated with Israel's conduct of war. JPMorgan CEO warns against over-reaction to short-term numbers. Citadel founder cautions against quick interest rate cuts. Former UK Home Secretary accuses Rishi Sunak of betrayal in explosive letter.

The podcast discusses the controversial appointment of David Cameron as British foreign secretary due to his relationship with China. It also highlights an agreement between Joe Biden and Xi Jinping regarding the crackdown on fentanyl. Furthermore, Janet Yellen expresses confidence in the US economy and Treasuries. JP Morgan's strategist warns against risks in stocks. The podcast concludes with an overview of the US CPI report and a vintage Ferrari race car auction.