Bloomberg Daybreak: Europe Edition

John Liu, Bloomberg's Executive Editor for Greater China, discusses the impact of the U.S.-China trade tensions on China's economy, including potential stimulus measures. James von Moltke, CFO of Deutsche Bank, highlights the economic hurdles facing Germany's next Chancellor, Friedrich Merz, focusing on trade policies and defense spending. U.S. economist Stuart Paul analyzes the upcoming Federal Reserve's policy meeting, discussing interest rates and inflation pressures, amid significant corporate struggles. It's a deep dive into global economic challenges!

Reform UK's recent parliamentary success highlights shifting voter preferences. Discussions around U.S.-China trade negotiations reveal tensions and the impact on major companies like Apple and Amazon due to tariff changes. Young workers are navigating social anxiety post-COVID by faking activities as they enter the workforce. New U.S. customs regulations are set to eliminate a duty-free loophole, potentially increasing prices for American consumers on low-cost imports from China and Hong Kong.

A pivotal deal between the US and Ukraine secures access to natural resources, easing concerns in Kyiv. Meanwhile, Meta posts impressive revenue growth, calming Wall Street fears linked to tariffs. Microsoft also shines with strong sales, showcasing resilience despite economic turbulence. The EU prepares to revive trade discussions with the US, while IKEA adapts strategies amid tariff uncertainty. Political implications loom as Trump navigates his trade policies, all amidst global economic shifts.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office. (2) Trump also said China deserved the steep tariffs he imposed on their exports and predicted Beijing could find a way to reduce their impact on American consumers. (3) The European Union has made tangible offers to Donald Trump’s administration in an effort to return stability to the global economy, according to the bloc’s commissioner for international partnerships. (4) Companies around the world including carmakers, brewers, airlines and packaged food makers are sounding a warning that US President Donald Trump’s import tariffs are beginning to wreak havoc on their businesses (5) Switzerland risks missing out on lucrative contracts due to its policy of neutrality as European nations rearm in the face of Moscow’s aggression and tensions with the US. (6) Drugmaker Astrazeneca has told us it is seeing no particular benefit from the UK government's focus on economic growth. The company abandoned a planned £450 million investment in the UK at the start of this year. Podcast conversation: Controversial Arctic Parcel of Land May Sell for €300 MillionSee omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Canada’s Liberal Party is projected to win a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US President Donald Trump in a trade war. (2) Spain and Portugal were returning to some semblance of normality early Tuesday, with many questions remaining about what caused one of Europe’s worst blackouts in years across the Iberian peninsula the previous day. (3) HSBC unveiled a fresh buyback for shareholders despite an increasingly fragile geopolitical backdrop that has weighed on the global economy and markets. (4) Deutsche Bank’s trading unit hit a record in the first quarter as the lender benefited from market volatility. (5) President Donald Trump is on track to ease the impact of his auto tariffs, with changes sought by the industry that would lift some levies on foreign parts for cars and trucks made inside the US. (6) China’s top diplomat warned countries against caving in to US tariff threats, as the Trump administration hints at the possible use of new trade tools to pressure Beijing. Podcast conversation: When Spain disappeared off the grid, millions rediscovered the joys of analogue technology.  See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Foreign investors who bought US stocks and dollars are facing significant losses due to the decline in the S&P 500 and the dollar's value. (2) President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home. (3) The UK economy will grow half as quickly as previously expected in 2026 as Donald Trump’s sweeping tariffs hit business investment, according to EY Item Club. (4) Canada’s next prime minister is set to inherit a half-year of flat economic growth, economists predict, as people take to the polls on election day. (5) Eleven people were killed in Vancouver and dozens were injured after a driver plowed into a large crowd at a street festival on Saturday evening, according to police. (6) Private equity firms are scouring for investment opportunities in European defense - chasing a sector that was once seen as toxic, driven by a historic shift toward increased military spending. Podcast conversation: Did We Finally Find Life on Another Planet?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 – a look ahead to the April jobs report and big tech earnings. In the UK – a look ahead to local elections. In Asia – a look ahead to China PMI data. See omnystudio.com/listener for privacy information.

UK household confidence is plummeting due to rising domestic bills and Trump’s tariffs. Amid trade tensions, China is reevaluating its stance on US levies while the US seeks to redefine Ukraine's defense rights. In corporate news, Alphabet thrives with strong revenue from search ads, surpassing expectations. Meanwhile, the London property market witnesses talent shifts, as Sotheby’s innovative strategies disrupt traditional brokerage dynamics. The intersection of economics and real estate continues to shape the business landscape.

Business leaders are pushing back against rising tariffs, warning of disruptions and price hikes due to trade tensions. Meanwhile, President Trump is reconsidering his aggressive stance on China after meetings with major retail executives. A prominent hedge fund manager highlights how the trade war is stalling business growth. The UK's cautious approach to U.S. trade deals is underscored, and BNP Paribas reports strong earnings amid market volatility. The intricate nature of international negotiations continues to pose challenges as firms navigate a complex economic landscape.

President Trump is sticking by Federal Reserve Chair Jerome Powell despite his frustrations with interest rates. Trade tensions with China are bubbling, with calls for de-escalation from both sides. Meanwhile, the IMF warns that uncertainty could increase the risk of a global recession. Elon Musk is refocusing on Tesla, stepping back from government involvement to tackle investor concerns amid rising competition. The UK seeks favorable trade negotiations with the US to protect its interests amidst these turbulent economic times.