Bloomberg Daybreak: Europe Edition

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  1. -3 J

    New 100% Drug Tariffs, Former FBI Chief Charged, NATO Warns Russia

    Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump announced a fresh round of tariffs, including a 100% duty on branded or patented pharmaceuticals starting October 1, unless a company is building a manufacturing plant in America.(2) Former FBI Director James Comey was charged with lying to Congress and obstruction related to testimony he gave in 2020, accelerating President Donald Trump’s push for legal action against his perceived political enemies.(3) European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes, according to officials familiar with the exchange.(4) Lorie Logan, president of the Federal Reserve Bank of Dallas, has proposed replacing the central bank’s benchmark federal funds rate — the primary tool the central bank has used to steer the nation’s economy since the 1980s — with a much more widely used market bellwether.(5) Volkswagen is curbing volumes and introducing temporary shutdowns at two German factories as demand for its electric vehicles grows more slowly than predicted.(6) UK Prime Minister Keir Starmer will try to relaunch his stuttering administration with a speech Friday announcing a plan for compulsory digital identity cards to help combat illegal migration, while also making a progressive case for his premiership as it comes under threat from internal rivals.Podcast Conversation: Ryder Cup Golf Rowdiness Is Keeping the Sport Fun: Adam Minter See omnystudio.com/listener for privacy information.

    16 min
  2. -4 J

    HSBC Quantum World-First, Pricey Stocks ‘New Normal’, Britain's Bitter Pill

    Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) HSBC Holdings said it’s achieved a world-first breakthrough in deploying quantum computing in financial markets, as a race intensifies among some of Wall Street’s biggest firms to embed the cutting-edge technology in their daily operations.  (2) Intel has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government. (3) US stocks are screamingly expensive when viewed from a historical perspective. But dig into the details, and the sky-high valuations may well be warranted, say strategists at Bank of America (4) The US lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, cementing terms of the framework trade agreement the two sides struck almost two months ago (5) Splits on the Bank of England policymaking committee were on full display on Wednesday after Governor Andrew Bailey said there was further to go on interest-rate cuts just hours before external member Megan Greene proposed “skipping” a cut in November. (6) Russia plans to run a budget deficit for a fifth year as declining revenue and increased spending continue to put pressure on the government’s finances amid the Kremlin’s war on Ukraine. (7) Global drugmakers including Merck, Eli Lilly and AstraZeneca are pausing or canceling investments in the UK while throwing barbs at the lack of competitiveness of its business environment Podcast Conversation: Bob Iger Just Learned a Hard Lesson: Beth Kowitt See omnystudio.com/listener for privacy information.

    21 min
  3. -5 J

    Trump Backs NATO Action, Kimmel's Tearful Return, Super Typhoon Hits HK

    Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump said NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war. (2) Late-night host Jimmy Kimmel took a conciliatory tone in his return to TV Tuesday night, saying “it was never my intention to make light of the death of a young man.” (3) Super Typhoon Ragasa is set to cross China’s southern coast later Wednesday after lashing Hong Kong with torrential rain and fierce winds, which toppled trees and damaged infrastructure across the city. (4) The UK is looking to take advantage of the chaos sown by US President Donald Trump’s decision to overhaul his country’s visa program for certain college-educated foreign workers. (5) Federal Reserve Chair Jerome Powell said the outlooks for the labor market and inflation face risks, reiterating his view that policymakers likely have a difficult road ahead as they weigh further interest-rate cuts. (6) OpenAI plans to invest roughly $400 billion to develop five new US data center sites in partnership with Oracle Corp. and SoftBank Group Corp., marking the biggest push yet to fulfill an earlier pledge to spend a half-trillion dollars on artificial intelligence infrastructure in the country. (7) Europe’s asset managers have long agreed they must consolidate to survive. A string of high-profile acquisitions suggests they’re finally willing to do something about it. Podcast Conversation: CEOs and Founders Share Their Best Advice for Staying Productive See omnystudio.com/listener for privacy information.

    21 min
  4. -6 J

    Russia ‘Is Testing Us', $100B Nvidia-OpenAI Deal, Piketty Demands Wealth Tax

    Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Lithuanian President Gitanas Nauseda said Russia was testing NATO’s readiness to retaliate with its series of incursions along the eastern flank of the alliance.(2) Nvidia will invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run.(3) A large majority of London-listed companies in a recent poll have considered adding a listing overseas or moving their existing one in the last year, with Amsterdam emerging as the most popular alternative.(4) President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs, sending China toward a record $1.2 trillion trade surplus.(5) The Federal Reserve’s newest policymaker, appointed by President Donald Trump, laid out his argument for aggressively lowering interest rates on Monday, presenting a view that aligns with the president’s demands but which makes him an outlier at the central bank.(6) Jimmy Kimmel Live! will return to the air on Tuesday, ending a suspension Walt Disney Co. imposed following controversial remarks the ABC late-night host made about the assassination of Republican activist Charlie Kirk.Podcast Conversation: “We want, ‘Oh, you look good. We just don’t know why,”Cosmetic Procedures That Offer Big Results With Minimal Downtime See omnystudio.com/listener for privacy information.

    28 min
  5. 22 SEPT.

    $100K US Visa Havoc, Murdochs TikTok Role, Putin's Secret Plan

    Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Donald Trump’s order on H-1B visas which requires a $100,000 fee for applications — will hurt margins of Indian outsourcers who use the program to deploy engineers to client sites. That’s a blow to India’s $280 billion IT services sector, which is already grappling with sluggish growth as customers cut back on technology spending due to geopolitical tensions and Trump’s tariffs.(2) Canada, the UK and Australia have formally recognized a Palestinian state, joining a growing global consensus and pushing ahead with a policy that has drawn criticism from US President Donald Trump.(3) Estonia is set to ask NATO allies for extra air-defense assistance over the Baltic Sea as the alliance’s eastern members try to respond to the third violation of NATO airspace this month by Russia.(4) President Donald Trump and top Republicans mourned Charlie Kirk on Sunday and galvanized young conservatives at the memorial service ahead of next year’s crucial midterm elections.(5) The UK approved a second runway at London Gatwick Airport, the latest infrastructure project pushed by Keir Starmer’s government as he tries to boost economic growth.(6) Hong Kong International Airport is weighing grounding all passenger flights for 36 hours, the longest in recent history, as the Asian financial hub braces for one of its strongest super typhoons in years, according to people familiar with the matter.Podcast Conversation: Millennials Are Stuck in an Old, Lazy Story See omnystudio.com/listener for privacy information.

    22 min

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