Bloomberg Daybreak: US Edition

Mike McGlone, a Senior Commodities Strategist at Bloomberg Intelligence, shares insights on the volatile oil market and the implications of gold's recent rally. Kate Crader, Food Editor at Bloomberg Pursuits, discusses the evolving dining scene in London, highlighting both standout and struggling restaurants. Meanwhile, economist James McIntyre unpacks Australia’s inflation dynamics and how migration is unexpectedly boosting demand. Each guest provides a unique perspective on trends shaping economic and culinary landscapes.

In this discussion, John Tucker, a Bloomberg reporter specializing in New York politics, highlights Zohran Mamdani's bold inauguration as the city’s democratic socialist mayor. Mamdani's unapologetic stance promises significant policy shifts, marking a moment of resistance against federal policies. Tucker also delves into the challenges ahead, including funding for ambitious initiatives like free childcare and rent freezes. Furthermore, he covers the U.S. sanctions targeting Chinese firms linked to Venezuela’s oil exports, emphasizing its geopolitical implications.

Dan Ives, Global Head of Tech Research at Wedbush, and Gene Munster, Managing Partner at Deepwater Asset Management, dive into the future of Big Tech and AI. Ives sees sustained growth in AI monetization, while Munster emphasizes NVIDIA's central role in this landscape. They discuss the competitive edge NVIDIA holds and whether the high valuations of the Magnificent Seven are justified. The duo also explores Tesla's focus on autonomy, the significance of hyperscalers, and which small-cap techs could emerge as key players in 2026.

COVID-era ACA subsidies are expiring, leaving over 20 million Americans facing higher premiums and escalating political tensions as parties negotiate extensions. Meanwhile, Russia and Ukraine traded strikes on Black Sea ports, damaging critical infrastructure, including a major refinery, amidst rising conflict. Israeli Prime Minister Netanyahu also weighed in on Iran's nuclear ambitions, echoing past warnings while geopolitical discussions heat up. The podcast dives into the intersection of health policy and international relations.

Tina Fordham, a geopolitical analyst and founder of Fordham Global Insight, discusses recent tensions in the Russia-Ukraine negotiations, particularly focusing on Putin's claims of a drone attack that complicate peace efforts. She and the hosts analyze Trump's response and how it reflects U.S. foreign policy. Additionally, Fordham delves into the implications of Iran's potential nuclear rejuvenation and the U.S. military's stance, highlighting a global recalibration of power dynamics involving major players like the U.S. and China.

Greg Sullivan, a Bloomberg Russia economics reporter, provides keen insights into the ongoing negotiations between President Trump and Ukrainian President Zelenskiy, revealing that progress has been made on a peace deal, although challenges remain, especially regarding the Donbas region. He also discusses Trump's upcoming meeting with Israeli Prime Minister Netanyahu to foster a U.S.-brokered ceasefire in Gaza, emphasizing the complexities of international relations and security guarantees at play.

John Authers, a Bloomberg Opinion columnist, dives into the forces that have reshaped capitalism, discussing its historical transformations and the tensions between AI-driven change and state intervention. Tim Craighead, Director of Equity Research, shares insights on European stocks set to shine in 2026, including key industrials and biotech opportunities. John Lee, focusing on Asian markets, analyzes the impact of AI, China’s mixed economic outlook, and opportunities in robotics and space. Get ready for a deep dive into the future of global markets!

Roz Krasny, a Bloomberg reporter focused on geopolitics, joins Stephen Carroll, an international affairs commentator, and Michael Barr, a reporter covering domestic news. They delve into Zelensky's upcoming meeting with Trump, highlighting the potential 20-point peace plan aimed at resolving the ongoing Ukraine conflict. The discussion shifts to the U.S. military strike against ISIS in Nigeria, emphasizing coordination with local forces to combat terrorism. Their insights provide a comprehensive view of critical international dynamics and emerging geopolitical challenges.

Cameron Dawson, Chief Investment Officer at New Edge Wealth, shares insights on market expectations for 2026, highlighting key valuation factors and sector rotations. Brian Levitt, Global Market Strategist at Invesco, discusses the impact of policy uncertainty on volatility and identifies promising sectors like financials and industrials. Amanda Agati, Chief Investment Officer at PNC, reveals the economic implications of the 12 Days of Christmas Index, noting rising costs for gold rings and steady pricing for some birds, while reflecting on luxury consumer trends.

Joining the discussion are Alexander Pearson, Bloomberg's D.C. breaking news editor known for his incisive political analysis, and Michael Barr, a seasoned reporter covering national and global news. They delve into the newly released Jeffrey Epstein files that complicate President Trump's narrative regarding his past dealings with Epstein. The conversation also covers a Supreme Court ruling that halts Trump's plans to deploy National Guard troops, highlighting legal and strategic implications for his administration.