Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day.

On today's podcast:
(1) The European Union is striking a more assertive approach to China as it heads into two days of negotiations in Beijing aimed at avoiding an economically damaging trade war.

(2) Secretary of State Marco Rubio used a dramatic backdrop in Greece to remind the world of the Trump administration’s focus on the “unapologetic” pursuit of power and to issue another warning to Europe about the dangers of Western decline.

(3) China managed to get a hold of parts from an F-35 stealth fighter jet after a United Parcel Service Inc. employee missed an email warning not to route the shipment through Hong Kong, according to a person briefed on the incident.

(4) Oil gained after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a hurricane forced some US output to shut.

(5) Samsung Electronics reported a nearly nine-fold rise in quarterly operating profit, though that was still shy of sky-high expectations elevated by relentless spending on AI infrastructure.

(6) Ahead of laying out a platform of tax cuts aimed at affluent Britons at her party’s annual convention, opposition leader Kemi Badenoch told journalists: “We are going back to the authentic Conservative Party that people knew and loved.”

(7) President Donald Trump is seeking approval from local officials in Florida to designate his West Palm Beach golf course into a permanently-designated presidential retreat that would host summits, world leaders and current and former occupants of the White House.

(8) Sandra Ortega, Spain’s richest woman is so intensely private and lives such an ordinary life that investors are wondering what role she might play in the business her parents started — now the world’s biggest fashion retailer.

Podcast Conversation: Hedgehog, Puffin Win Contest to Replace Historical Figures on UK Cash
See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Beijing made its first official comments on the suspected case of pneumonic plague in Siberia, saying it’s cooperating with Russia as health concerns intensify around the world.

(2) Hundreds of French high schools were shut on Tuesday as teacher unions joined a student-led movement demanding more money for education that has spread across the country and sometimes turned violent.

(3) Israel marks the third anniversary of Hamas's October 7, 2023 attack on Wednesday, just weeks before an election in which the deadliest day in the country's history will be front and centre.

(4) Oil gained as traders weighed increased flows through the Strait of Hormuz against a pickup in Iranian attacks against vessels.

(5) On a sprawling property near the Murray River in Australia’s southeast, Andrew Russell is gearing up to harvest one of his best grain crops in years after plentiful rain. But two wars half a world away are souring what should be a celebrated season for the nation’s farmers.

(6) Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia Corp., people familiar with the matter said, in what would be among the biggest-ever debt financings for the AI buildout.

(7) JPMorgan Chase held its spot as the world’s most advanced bank in artificial intelligence, widening its lead over rivals in an annual ranking that shows AI deployment across the industry is accelerating at a record pace.

Podcast Conversation: The most controversial car launch since the electric Ferrari: Jaguar Unveils £130,000 Electric Car in British Brand’s Reboot
See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Hundreds of French high schools will shut Tuesday as teacher unions join a student-led protest movement demanding more money for education.

(2) The cost of insuring French banks’ bonds against default has jumped above that of other European lenders as concerns about France’s fiscal and political situation spill over into credit markets.

(3) Germany and France are urging the European Union to adopt new powers that could sever China or other countries from its single market, as the bloc’s two biggest economies adopt a more confrontational stance ahead of talks in Beijing.

(4) President Donald Trump said fresh threats of terror attacks prompted the US to move its B-1 bombers from their base in the UK, contradicting his top diplomat who had earlier described the move as part of a regular rotation.

(5) Yemen’s armed forces wrested control of the Red Sea city of Mocha on Monday after battles with the Iran-backed Houthis, according to state-run Saba, which puts the internationally recognized government closer to taking over the vital Bab el-Mandeb Strait.

(6) Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter.

(7) Elon Musk is a trillionaire again. The fortune of the world’s richest person jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index, as the value of his stakes in SpaceX and Tesla Inc. rose.

(8) The UK economy has outpaced its major European peers in the two years since Labour came to power. That’s not helping the 1.8 million people looking for work.

Podcast Conversation: FROGS Is the Name of Europe’s Latest Debt Crisis
See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The exodus of the uber-rich from the UK has become a £160 billion problem. That figure, calculated using data from the Bloomberg Billionaires Index, lays out for the first time the vast amounts of money and assets behind those quitting Britain.

(2) France’s government now pays more than Italy or Greece to borrow for 10-years, according to Yardeni Research.

(3) The Pentagon has removed bombers based at the Royal Air Force base in the UK that was at the center of a suspected attempted terrorist attack last week.

(4) Yemen’s internationally recognized government launched a full-scale military campaign to recapture Houthi-held territory after weeks of escalating conflict between the Iran-backed group and Saudi Arabia.

(5) The UK is preparing to impose import levies on Chinese electric vehicles to meet a key demand from the European Union, the Times of London reported, in a blow to a group that now accounts for nearly one in four cars sold in the country.

(6) Flávio Bolsonaro surged to a surprise lead over Luiz Inácio Lula da Silva in the first round of Brazil’s presidential election, making him the overwhelming favorite to win the runoff and take Latin America’s heavyweight nation sharply to the right.

(7) Green party leader Zack Polanski has been banned from Israel after his party adopted a motion equating Zionism with Racism.

(8) Slovakia's government of Róbert Fico plans to pass a law that may invalidate witness testimony in a landmark corruption trial.

Podcast Conversation: Wall Street's Alpha-Chasing Biohackers Trade Wine for Wearables
See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to U.S Mortgage data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to this year’s Nobel Prize decisions.
In Asia – a look ahead to China’s Golden Week Holiday.
See omnystudio.com/listener for privacy information.