Bloomberg Daybreak: Europe Edition

The podcast discusses the downgrade of New York Community Bancorp's credit grade and concerns about commercial real estate loans. It also examines the rally in Chinese shares and calls for the Bank of England to rethink its stimulus program. Additionally, it explores the increasing American takeover of English football clubs, raising questions about profits and losses.

King Charles, receiving treatment for an unspecified form of cancer, is discussed along with UBS's share buybacks and China's efforts to stabilize the market. Bank of England considers potential rate cuts and concerns are raised about the far-right AfD party in Germany.

 Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) The Biden administration vowed more strikes against Iran's forces and its proxies in the Middle East after three straight days of punishing attacks, even as senior officials insisted the US won't be pulled into a prolonged regional conflict. (2) Iranian-backed Houthis vowed to respond to US and British-led airstrikes after dozens of targets of the Yemen-based rebel group were struck overnight.  (3) Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%. (4) China has pledged to stabilize markets after shares sank to a five-year low in chaotic trading on Friday, but policymakers offered no specifics on how they plan to end a selloff that's erased more than $6 trillion of value and dented confidence in the world's second-largest economy.  (5) On top of tumbling stocks, an embattled property market and a struggling economy, there's at least one more thing keeping domestic Chinese investors up at night: a potential win by former US president Donald Trump in the November general election. (6) Former President Donald Trump says he might impose a tariff on Chinese goods of more than 60% if elected, signalling an increasingly hawkish tone against the top supplier of goods to the US. 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 preview Disney and Uber earnings In the UK  - we detail how big oil is grappling with geopolitics and climate change In Asia - we look to the Lunar New Year and the health of the Chinese consumer See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: Apple reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth. Meta and Amazon reported better-than-expected earnings on Thursday, sending their stock prices soaring by a combined $270 billion Bank of England Governor Andrew Bailey has put the British central bank on a clear path to rate cuts. He also gave investors a few reasons to think the journey for policy makers in London may take longer than for those in Washington and Frankfurt. New York Community Bancorp tumbled for a second straight day as Wall Street downgrades piled up. Regional bank peers slumped as well, with a closely watched index extending its two-day drop to 8%, the most since the sector's tumult in March roiled financial markets. President Joe Biden is making no secret of his intentions for multiple attacks on an Iran-backed group that killed three US soldiers last week, a strategy that's exposed him to criticism he's giving up the element of surprise. See omnystudio.com/listener for privacy information.

Fed Chair Jerome Powell signals an openness to cutting interest rates, Bank of England may reduce forecast for inflation and lower interest rates, Deutsche Bank plans to reduce jobs to achieve cost savings, Mark Zuckerberg apologizes for child exploitation on social media, Italy relies on citizens to keep the country solvent

Investors disappointed with Microsoft and Alphabet earnings, UBS cuts senior bankers. Elon Musk's $55bn pay package voided. Federal Reserve to hold interest rates steady. Germany boosts Europe's $2.6bn carbon storage project. Perspectives on carbon capture technology discussed.

Elon Musk discusses the first brain implant patient of his company Neuralink Corp. Also, the podcast covers the US response to the deadly attack in Jordan and Iran, the involvement of UN relief agency workers with militant groups, and the challenges facing Labour Party in the UK.

Biden faces pressure to confront Iran after drone strike, Evergrande receives liquidation order, UK government considers retail offering of NatWest shares, London homes most affordable since 2014, Ursula von der Leyen expected to seek second term as EU Commission President

Many shoppers in the Middle East, as well as in Muslim nations like Pakistan are shunning big foreign brands, driven by a wellspring of anger against Western countries for their support of Israel during the war with Hamas. In this special podcast, Bloomberg reporters Leen Al-Rashdan and Salma El Wardany discuss the effects of the boycott movements, speak to those who’ve changed their spending habits, and to businesses who’ve seen an increase in sales as consumers make the switch to more local brands. This special Bloomberg conversation is hosted by Stephen Carroll. See omnystudio.com/listener for privacy information.