Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

  1. -11 h

    US Bombs More Iran Targets, Growing Fed Inflation Fears

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US struck Iranian military targets for the second time this week and Kuwait said it responded to missile and drone threats, highlighting the fragility of the ceasefire. US forces shot down Iranian drones fired at a commercial ship and hit a launch unit near the Strait of Hormuz, according to a US official, who said the attacks were defensive and the ceasefire remains intact. President Trump asserted that no one nation would control Hormuz, which has emerged as one of the key obstacles in resolving the conflict, and said the strait's going to be open to everybody.2) Federal Reserve Vice Chair Philip Jefferson said he expects inflation to cool later this year as the effects of tariffs and higher energy costs wear off, though he warned inflationary risks remain tilted to the upside. In the text of a speech he’s scheduled to deliver Thursday morning in Tokyo at a conference hosted by the Bank of Japan, Jefferson said he is watching for signs that higher energy costs stemming from the Iran war are dragging on consumer spending. He also cautioned that he continues to see signs of labor market weakness. Jefferson repeated his view that the central bank’s current policy setting is well positioned to respond to any developments.3) Salesforce gave a revenue outlook for the current period that just fell short of analysts' estimates, with revenue expected to be about $11.3 billion in the fiscal second quarter. The company reported fiscal first-quarter remaining performance obligations of $67.9 billion, compared with analysts' average estimate of $68.9 billion, and its stock has declined about 33% this year. See omnystudio.com/listener for privacy information.

    15 min
  2. -1 j

    Paxton Dominates Texas Primary; US-Iran Optimism

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Texas Attorney General Ken Paxton won the state's Republican Senate runoff, defeating incumbent John Cornyn with approximately 63% of the vote. Paxton will face Democrat James Talarico in the November election, and Talarico has released a video focusing on Paxton's 2023 impeachment by the Texas House of Representatives. Republican leaders in Washington will have to decide how much to spend to back Paxton, who has significant baggage, including a history of scandal, to ensure the Texas seat stays in GOP hands.2) There is some optimism that the US and Iran will reach a peace deal despite fresh hostilities and uncertainty over the vital Strait of Hormuz. The strait remains essentially shut, subject to blockades by the US and Iran, but at least two non-Iranian supertankers exited the chokepoint on Tuesday. Secretary of State Marco Rubio has cautioned that any peace pact would likely take a few days to finalize. Meanwhile, US forces hit targets near the strait, while the Islamic Revolutionary Guard Corps said it fired at multiple US aircraft after they entered Iranian airspace.3) Strategists at Goldman Sachs Group Inc. joined peers at Morgan Stanley and Deutsche Bank AG in seeing a 17% return for the S&P 500 Index this year. Earnings growth powered by the AI boom will drive further gains in stocks, the Goldman team led by Ben Snider said as they increased their year-end target for the US benchmark to 8,000 points, ditching a previous forecast of 7,600. See omnystudio.com/listener for privacy information.

    15 min
  3. -2 j

    US Strikes Targets in Iran; Russia Tells US to Evacuate Kyiv

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) US and Israeli jets struck Iranian vessels in the Strait of Hormuz and other targets, hours after President Donald Trump had suggested negotiations with Tehran over an interim deal were progressing.The attack took place south of Larak Island in the Strait of Hormuz, with several Iranian personnel killed, Iran’s state-run Nour News reported, without providing further details. Trump earlier said negotiations between the US and Iran over an agreement to extend their ceasefire and reopen the strait were “proceeding nicely.”2) Russian Foreign Minister Sergei Lavrov called US State Secretary Marco Rubio to advise him to evacuate US citizens and diplomats from Kyiv, as the Kremlin plans to continue heavy strikes on the Ukrainian capital, according to a statement published by the Russian Foreign Ministry Monday.3) Ferrari NV shares fell almost 8% in Milan after the Italian super-car maker unveiled the Luce, its first fully electric vehicle, marking a sharp setback for one of the industry’s most closely watched EV debuts.The drop shows the challenge Ferrari is facing as it tries to extend one of the world’s most profitable luxury-car brands into battery-powered models. Early negative reactions across analysts as well as social media zoomed in on the four-door, five seater’s design, judged too similar to other electric models such as by Tesla Inc. See omnystudio.com/listener for privacy information.

    17 min
  4. -6 j

    US-Iran Talks Get Complicated; Stephen Colbert's Final Show

    Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran said the latest US proposal partly bridged the gap between the warring sides, but comments from the Islamic Republic's supreme leader clouded the outlook for a breakthrough. The US has demanded Tehran hand over its enriched uranium and commit to ending enrichment, while Iranian leaders have balked at those terms in public. The conflicting statements on key issues left it unclear if the two sides were any closer to a deal after renewed threats of escalation in recent days. 2) NATO Secretary General Mark Rutte welcomed President Donald Trump's announcement to send additional troops to Poland. The announcement increased a sense of confusion within the alliance, with officials saying they would prefer US moves to be coordinated. The US is expected to announce adjustments to national forces set to be made available in case of crisis or war, which may include cuts to troops in NATO's force model. 3) Stephen Colbert hosted the last episode of his namesake show on CBS, mostly steering clear of political jokes and criticism of President Trump. The show featured a parade of actors and comedians, including Bryan Cranston and Paul McCartney, who closed the program with a performance of the Beatles hit Hello, Goodbye. Colbert's show is being replaced by Comics Unleashed, a program hosted by Byron Allen, who said the show steers clear of politics and intends to make money selling ads. See omnystudio.com/listener for privacy information.

    16 min
  5. 21 mai

    Nvidia Earnings Lead to Share Slump; SpaceX IPO Details

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Nvidia reported another blowout earnings report and beat analyst estimates, but faced skepticism from some investors. The tech giant aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces growing competition from chipmakers trying to carve out a piece of the AI computing business, and major buyers of Nvidia's technology are developing their own in-house components. Nvidia's sales gained 85% to $81.6 billion in the three months ended April 26, and the company boosted its quarterly dividend and announced $80 billion in stock repurchases, but investors were not swayed and shares slipped about 1% in late trading.2) SpaceX filed for an initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The company's goals include a human settlement on Mars with at least 1 million inhabitants and making data centers in space a reality, part of a $28.5 trillion total addressable market. The IPO is targeted to raise as much as $75 billion, with Musk standing to benefit significantly, including potentially receiving as many as 1 billion shares if he meets certain goals.3) Iran is assessing the latest peace proposal from the US, as the countries seek to avoid a resumption of hostilities. The exchange of messages is based on Iran’s 14-point text, which suggests a short-term deal that would see Iran reopen the Strait of Hormuz and the US lift a blockade of Iranian ports. Iran gave no indication of when it would respond to the US and reiterated it wants a commitment that fighting will end “on all fronts, including Lebanon.” See omnystudio.com/listener for privacy information.

    16 min
  6. 20 mai

    Primaries Show Trump's Political Power; Threat of More Iran Strikes

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Ed Gallrein, President Trump's hand-picked candidate, defeated Thomas Massie in a congressional primary in Northern Kentucky. Gallrein's victory is seen as a sign of Trump's grip over his base in solid Republican states, despite national surveys showing the broader electorate souring on the president's handling of issues. The primary was one of the most expensive on record, with nearly $33 million spent.2) President Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war. The Republican-led US Senate signaled opposition to continuing the war with a procedural vote on Tuesday evening that reflected deepening unease over a foreign conflict. Vice President JD Vance projected a slightly more positive tone on the negotiations, saying "we think that we've made a lot of progress, we think the Iranians want to make a deal," but also threatened a resumption of strikes.3) Talks between Samsung and its largest labor union broke down, raising the prospect of a strike that may disrupt global chip supply and hamper Korean economic growth. A general work stoppage will go ahead after Samsung’s management rejected a proposal from government mediators that had been accepted by the union, according to labor leader Choi Seung-ho. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world’s biggest supplier of chips that go into devices from data center servers to smartphones and electric vehicles. See omnystudio.com/listener for privacy information.

    21 min

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Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

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