Bloomberg Daybreak: Europe Edition

Chancellor Rachel Reeves says Britain shouldn’t sacrifice its principles for more favorable trading terms with the US, as she discusses the UK's economic future. The chancellor sat down with Bloomberg's Head of Economics and Government Stephanie Flanders after issuing her Spring Statement on Tuesday, as she seeks to convince markets and voters that Britain’s public finances are resilient enough to weather the fallout from the conflict in Iran and rising global energy prices.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 US sent conflicting messages about how long a war with Iran might last as Israel launched new airstrikes on Monday, with the widening conflict reverberating across the Middle East and upending energy markets.(2) Just three days into the conflict, the Iran war has become attritional. Waves of drone attacks by the Islamic Republic are putting pressure on the defenses of the US and its partners from Bahrain to the United Arab Emirates, depleting weapons stockpiles. The outcome of the fight may depend on which side runs out of munitions first.(3) The United Arab Emirates and Qatar are privately lobbying allies to help them persuade President Donald Trump to reach for an off-ramp that would keep US military operations against Iran short, according to people familiar with the matter.(4) Having spent a year attempting to charm and appease Donald Trump, UK Prime Minister Keir Starmer on Monday drew a clear line in the sand: Britain will not join its closest military partner in offensive action against Iran.(5) Oil extended gains as the US and Israel stepped up their war against Iran, while Tehran threatened a full closure of the Strait of Hormuz and hit the American embassy in Riyadh with drones.(6) Chancellor of the Exchequer Rachel Reeves will use her economic statement on Tuesday to lament that the world is awash with uncertainty. And she’ll try not to contribute any more of it — by saying as little as possible.(7) Emirates and Etihad Airways will resume limited operations as the carriers seek to ease some of the congestion caused by the airspace closing in the wake of the ongoing Iranian attacks.Podcast Conversation: Polymarket Geopolitics Wagers Reach Record as Iran War EscalatesSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump said the bombing campaign against Iran will continue until its objectives are achieved, calling on the nation’s leaders to capitulate as a report indicated at least one top official in Tehran sought to resume nuclear talks with the US.(2) Iran's Leader Ayatollah Khamenei’s demise has potentially seismic consequences for the Middle East and beyond. While it marks the end of an era for Iranians — the majority have only known one leader — for now, as the fighting continues in the Persian Gulf, the Islamic Republic as a system of rule continues to function.(3) Europe scrambles to react, with the UK allowing the US to make use of British military bases for the specific purpose of destroying Iranian missile depots.(4) The oil market’s nightmare scenario came true this weekend. European natural gas prices could more than double if shipping through the Strait of Hormuz is halted for one month, according to Goldman Sachs.(5) Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world’s busiest airports.(6) Dubai’s nightmare scenario unfolded Saturday: Defense systems repelling Iranian missiles and drones over its famous skyscrapers, explosions and plumes of black smoke rising out of the city-state’s most celebrated neighborhood.See omnystudio.com/listener for privacy information.

'Bloomberg This Weekend' features unique conversations on business, news, lifestyle and culture. Join David Gura, Christina Ruffini and Lisa Mateo Saturdays and Sundays for discussions with business leaders, lawmakers and cultural icons.  Watch the show LIVE on Bloomberg Television from 12PM-3PM London Time.   Listen to the show LIVE on Bloomberg Radio from 12PM-3PM London Time.   Listen to the Podcast for the best conversations from the show.   Subscribe on Apple: https://podcasts.apple.com/us/podcast/bloomberg-this-weekend/id1878739308Subscribe on Spotify: https://open.spotify.com/show/5DQ8CEg9LeS1xGJSaxt47lSee 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 the February jobs report, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to "Made in Europe" the tagline of a new scheme to rejuvenate Europe's defense, energy, and manufacturing sectors. In Asia – a look ahead to China PMI data. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Netflix dropped out of the fight to buy Warner Bros. Discovery, clearing the way for rival bidder Paramount Skydance Corp. to clinch its $111 billion deal for the historic Hollywood studio.(2) In the UK, The Green Party won a special election for a Manchester seat in the House of Commons, underscoring the threat posed to UK Prime Minister Keir Starmer’s governing Labour Party on its left flank.(3) Anthropic rejected the Pentagon’s latest offer in a dispute over safeguards around the use of its artificial intelligence technology by the US military, escalating the standoff a day before a government deadline for the company to drop its restrictions or face severe consequences.(4) US and Iranian officials ended the latest round of nuclear talks in Geneva on Thursday by agreeing to reconvene as soon as next week, opening the door to further diplomacy even as President Donald Trump masses military forces in the region.(5) Former US Secretary of State Hillary Clinton said she denied any association with disgraced financier Jeffrey Epstein during a “repetitive” hours-long deposition before congressional investigators Thursday.Podcast Conversation: What the First Billionaire Reveals About the First TrillionaireSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Nvidia the dominant maker of artificial intelligence processors, failed to impress investors with its latest sales forecast, signaling that concerns about an overheated AI economy will continue to dog the company.(2) President Donald Trump’s new tariff program will leave about €4.2 billion ($5 billion) of European Union exports facing levies above the 15% ceiling agreed in the EU-US trade accord.(3) The UK’s top banks are resisting a regulatory initiative to boost lending by lowering their capital levels, people familiar with the matter said, casting doubt over an effort to boost growth.(4) Cuban forces killed four people who had opened fire from a speedboat with Florida tags, an incident with the potential to escalate an already tense standoff with the US.(5) The Trump administration imposed sanctions on more than 30 entities that support Iranian oil and weapons sales, ramping up pressure on Tehran amid nuclear talks and the looming threat of US airstrikes.(6) President Donald Trump said this week the US would “easily” prevail in any military confrontation with Iran. Recent activity on the ground in the Islamic Republic, though, indicates any victory might be short-lived.Podcast Conversation: Middle-Aged Patients Fuel Growing Demand for Subtle Nose JobsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump offered a strident defense of his administration and economic record, declaring the nation is “bigger, better, richer and stronger than ever before” in a State of the Union address that contained few new policy announcements.(2) HSBC reported better-than-estimated earnings for 2025 as Europe’s largest bank closed out a year in which its market value broke through £200 billion ($270 billion) for the first time in its history.(3) A few weeks ago, analysts at UBS Group AG laid out a worst-case scenario for defaults in the private credit sector. Their outlook is even more grim now.(4) Money manager Danny Moses, immortalized in The Big Short, said private credit and private equity firms’ push into retail products reminds him of the years preceding the subprime mortgage crisis.(5) European Commission President Ursula von der Leyen said the bloc will deliver on its €90 billion ($106 billion) loan package to Ukraine “one way or another” as the war-battered nation is set to run out of funds in a matter of weeks.(6) Lawyers acting for Peter Mandelson, the former UK ambassador to Washington who was linked to convicted sex offender Jeffrey Epstein, said his arrest at home was prompted by a “baseless” suggestion that he was about to flee the country.(7) Spain is the euro zone’s fastest-growing major economy since 2022, but construction hasn't kept up and now its housing crisis is reaching a boiling point.Podcast Conversation: MAGA Meets Europe: Trump’s Envoys Rip Up Diplomatic Playbook See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Donald Trump’s new 10% global tariffs went into effect on Tuesday, kicking off a White House effort to preserve the president’s trade agenda after the Supreme Court struck down his original sweeping duties.(2) The artificial intelligence “scare trade” erupted again on Monday as growing concerns about the disruptive power of AI dragged down shares of delivery, payments and software companies, and sent International Business Machines Corp. to its worst plunge in 25 years.(3) JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously.(4) UK police arrested Labour Party grandee Peter Mandelson on suspicion of misconduct in public office after the US Department of Justice released emails allegedly showing him forwarding government information to convicted sex offender Jeffrey Epstein.(5) President Donald Trump’s efforts to end Russia’s invasion of Ukraine are stalling with peace talks deadlocked and the fighting largely at a stalemate after four years of war.(6) Progress towards gender equality at the top of British businesses is 'achingly slow'. That's according to the CEO of the FTSE Women Leaders Review, which has released its latest report.(7) Meta and its partner EssilorLuxottica are at an early lead in the market for smart glasses, but are finding they come from two very different corporate traditions, with distinct priorities.Podcast Conversation: As Trump’s Takeover Threats Wane, Greenland Refocuses on Tourism See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast: (1) Senior US officials said President Donald Trump’s tariff defeat at the Supreme Court won’t unravel deals negotiated with US partners as they sought to defend the administration’s assertive trade policies. (2) The European Parliament’s trade chief will propose freezing the ratification process of the European Union’s trade deal with the US until they’ve received details from President Donald Trump’s administration on its trade policy.(3) After boasting for months about its preferential trade deal with US President Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs.(4) Oil fell as investors weighed the odds of a nuclear deal between the US and Iran, with more negotiations on the issue expected later this week as American forces mass in the Middle East.(5) Hungary plans to block every European Union decision concerning Ukraine, including a new sanctions package against Russia and key loans, until oil starts flowing again through the Druzhba pipeline in western Ukraine.(6) Berlin dentists entrusted €2.2 billion ($2.6 billion) in retirement savings to a group of colleagues with more experience filling cavities than managing money. Now half of it is gone.Podcast Conversation: The New Economics of Going Out Have Transformed ClubbingSee 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 earnings from chipmaker Nvidia along with a focus on 3 stocks for the week ahead.  In the UK – a look ahead to a special election in the UK. In Asia – a look ahead to India Prime Minister Narendra Modi’s two-day visit to Israel. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The US military is stationing a vast array of forces in the Middle East, including two aircraft carriers, fighter jets and refueling tankers, with President Donald Trump saying that Iran had 10 to 15 days at most to strike a deal over its nuclear program.(2) US President Donald Trump’s latest retraction of support for Britain’s deal to hand the Chagos Islands to Mauritius comes as the UK government holds off giving permission for him to use the Diego Garcia military base in the archipelago for any possible strike on Iran.(3) The arrest of Andrew Mountbatten-Windsor on suspicion of misconduct in public office is a fresh nadir for the UK's most powerful family.(4) European Central Bank President Christine Lagarde reiterated calls for global partnership to salvage an international order that not only benefits the strongest.(5) Bank of America is committing $25 billion to private-credit deals, joining its Wall Street rivals in putting its own balance sheet behind lending in the fast-growing market, according to people with knowledge of the matter. Podcast Conversation: The Boss’s Best Party EverSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Federal Reserve officials appeared surprisingly wary of cutting interest rates when they met last month, with several even suggesting the central bank may need to raise rates if inflation remains stubbornly high.(2) OpenAI is close to finalizing the first phase of a new funding round that is likely to bring in more than $100 billion, according to people familiar with the matter, a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools.(3) French President Emmanuel Macron said the free speech defense of social media platforms is “pure bullshit,” pushing back against a key foreign policy goal of President Donald Trump.(4) Oil steadied after its biggest daily gain since October, following a report that American military intervention in Iran could come sooner than expected.(5) Nestlé is considering further reducing its footprint in the ice cream business, as new Chief Executive Officer Philipp Navratil reviews the company’s sprawling operations, people with knowledge of the matter said.(6) Denmark's economy looks robust on paper, with employment at a record high and public finances strong, but many Danes are anxious about their professional futures due to layoffs at major companies. Podcast Conversation: Travellers Are Dying To Solve A Murder Mystery On VacationSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The US and Iran made progress in nuclear talks in Geneva on Tuesday, with Tehran’s negotiators scheduled to return with a new proposal in two weeks, a US official said on Tuesday, a cautiously upbeat assessment that suggests the chances of an imminent military clash are low.(2) Japan plans to invest up to $36 billion in US oil, gas and critical mineral projects, the first tranche of its $550 billion commitment under the trade agreement it struck with President Donald Trump.(3) The ECB says Christine Lagarde hasn't made any decision about leaving her job as President early. That follows a report from the Financial Times - citing one person familiar with Lagarde's thinking - saying she wants to step down before France's Presidential election in April 2027.(4) Anthropic is releasing a new artificial intelligence model that’s intended to be better at using people’s computers in increasingly complicated ways, building on the startup’s efforts to make AI tools more effective at streamlining tasks.(5) Warren Buffett’s Berkshire Hathaway slashed its stake in Amazon. by more than 75% in the fourth quarter, while also building a stake in the New York Times Co., his last new bet as chief executive officer of the conglomerate.(6) In the two years since the ban on internal combustion engine vehicles in Ethiopia, EV adoption has grown from less than 1% to nearly 6% of all of the vehicles on the road in the country — according to the government’s own figures — some way above the global average of 4%. Podcast Conversation: Downsizing Is The Biggest Trend in Restaurants and Hotels Right NowSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast:(1)  UK unemployment reached its highest since the pandemic and wage growth eased as the labor market continued to weaken, prompting traders to increase bets on further interest-rate cuts from the Bank of England.(2) Iranian Foreign Minister Abbas Araghchi held talks with the head of the UN’s atomic watchdog in Geneva on Monday, ahead of a second round of nuclear negotiations with the US.(3) BHP Group posted earnings at the upper end of analyst expectations, as a years-long effort to shore up copper production combined with a historic metals rally to offset a lackluster period for its giant iron ore business.(4) Elon Musk’s SpaceX and wholly owned subsidiary xAI are competing in a secretive new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, according to people familiar with the matter.(5) The UK government abandoned plans to cancel local elections scheduled for May in 30 areas, after the move sparked a fierce backlash including a lawsuit from Nigel Farage’s populist Reform UK party.(6) Secretary of State Marco Rubio showered Viktor Orban with praise on a visit to Hungary as the US doubled down on its support for the strongman leader before an election that could bring an end to his 16 years in power. Podcast Conversation: Why ‘Burnout’ Feminism Is Replacing the Girlboss, Lean In EraSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Iranian Foreign Minister Abbas Araghchi held talks with the head of the UN’s atomic watchdog in Geneva on Monday, ahead of a second round of nuclear negotiations with the US.(2) BHP Group posted earnings at the upper end of analyst expectations, as a years-long effort to shore up copper production combined with a historic metals rally to offset a lackluster period for its giant iron ore business.(3) Elon Musk’s SpaceX and wholly owned subsidiary xAI are competing in a secretive new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, according to people familiar with the matter.(4) The UK government abandoned plans to cancel local elections scheduled for May in 30 areas, after the move sparked a fierce backlash including a lawsuit from Nigel Farage’s populist Reform UK party.(5) Secretary of State Marco Rubio showered Viktor Orban with praise on a visit to Hungary as the US doubled down on its support for the strongman leader before an election that could bring an end to his 16 years in power. Podcast Conversation: Why ‘Burnout’ Feminism Is Replacing the Girlboss, Lean In EraSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what he said was a drift away from their shared Western values.(2) The European Union’s top diplomat Kaja Kallas rejected the picture of the bloc’s decline painted by the Trump administration and urged member states to accelerate Ukraine’s membership bid as a sign of the bloc’s power.(3) Warner Bros Discovery is considering reopening sale talks with rival Hollywood studio Paramount Skydance Corp. after receiving its hostile suitor’s most recent amended offer, people with knowledge of the matter said.(4) John Hurley, the Trump administration’s top sanctions official, is set to leave his post after friction with Treasury Secretary Scott Bessent, according to people familiar with the matter.(5) Great Britain took their record gold medal tally to three at the Winter Olympics in Italy over the weekend.Podcast Conversation: We’re Living in a Golden Age of Close-Up MagicSee 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 what to expect from homebuilders in the months ahead along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to UK jobs data. In Asia – a look ahead to the Lunar New Year Holiday in China. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) ogistics stocks plunged on Thursday as the group became the latest victim of the artificial intelligence “scare trade.” At the center of the selloff: a former karaoke company with a stock-market value of only $6 million.(2) OpenAI has warned US lawmakers that its Chinese rival DeepSeek is using unfair and increasingly sophisticated methods to extract results from leading US AI models to train the next generation of its breakthrough R1 chatbot, according to a memo reviewed by Bloomberg News.(3) Goldman Sachs' top lawyer Kathy Ruemmler is leaving the firm following a cache of Department of Justice documents showing her links with sex offender Jeffrey Epstein.(4) Hungarian opposition leader Peter Magyar said he was secretly taped having sex with his former partner in 2024, preempting a potential release of a video that he called a “Russia-style” attempt to blackmail him before pivotal elections in April.(5) UK Defense Secretary John Healey said allies have pledged as much as $35 billion in new military aid to Ukraine to strengthen its air defenses after a series of massive Russian air strikes on energy infrastructure and civilian targets. Podcast Conversation: Waymo Tries Finding DoorDash Drivers to Shut Open Robotaxi DoorsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of President Donald Trump and bungling the release of files on disgraced financier Jeffrey Epstein during a fiery hearing Wednesday.(2) Donald Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legislation aimed at ending the president’s levies on Canadian imports.(3) The UK economy grew less than forecast in the fourth quarter as business investment shrank and services stagnated, adding to pressure on embattled Prime Minister Keir Starmer. (4) Nuveen is buying Schroders Plc in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets.(5) French President Emmanuel Macron returned to his “Made in Europe” push on the eve of a key European Union meeting, putting him at odds with German Chancellor Friedrich Merz over how best to tackle Europe’s economic woes.Podcast Conversation: In Defense of Fakes: A ProvocationSee omnystudio.com/listener for privacy information.