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. 3 hr ago

    Oil Surges Past $100 on Tanker Attacks; Apple to Unveil Foldable Phone

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Brent oil topped $100 a barrel for the first time since July, as attacks between the US and Iran and a recovery in Chinese oil buying propel the global crude benchmark higher. The conflict has disrupted flows through the crucial Strait of Hormuz chokepoint, although millions of barrels a day continue to cross the waterway — mostly on tankers with their signals turned off. The continued disruption means inventories have continued to decline across the globe, with analytics firm Vortexa seeing the amount of oil on ships at sea down by more than 150 million barrels since the middle of July.2) Apple's $570 billion summer surge is saddling new Chief Executive Officer John Ternus with high expectations heading into the company’s most anticipated event in years: the unveiling of the foldable iPhone on Wednesday. Apple's stock has rallied 15% since June 25, driven by excitement about the new lineup of devices, particularly the foldable phone. The company's revenue is expected to rise 15% in fiscal 2026, which would be the fastest pace of growth since 2021. Apple's ability to protect profitability is critical for a stock that has grown increasingly expensive, with a valuation well above its 10-year average multiple and the S&P 500.3) Representative Chris Pappas won the Democratic primary for a New Hampshire Senate seat, setting up a November showdown with former Republican Senator John Sununu. The seat is a must-win for Democrats in a state that hasn’t elected a Republican senator in 16 years, with a loss complicating the party’s chances of securing a Senate majority. Pappas defeated medical scientist Karishma Manzur, earning roughly 60% support, while Sununu defeated Scott Brown, leading with almost 70% of the vote. See omnystudio.com/listener for privacy information.

  2. 1 day ago

    Canada Imposes Fresh Tariffs; Oil Climbs amid Saudi Strikes

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Canada imposed tariffs of 15% to 50% on hundreds of products from the US as Prime Minister Mark Carney bets that standing up to President Donald Trump will help Ottawa's negotiating position. The measure will hit US exporters particularly hard in states such as Michigan and Ohio that do a lot of business with Canada and host heated races in November's midterm elections. Canada's retaliatory tariffs are meant to make the cost of this trade war real enough for American businesses and consumers that Washington sees a clear incentive to return to the table.2) Brent oil approached $100 a barrel after Saudi Arabia said operations at several energy facilities were halted by attacks. The state-run Saudi Press Agency said the strikes took place Tuesday and wounded a number of people, with Iran-backed Houthi militants saying they targeted the kingdom's Jazan refinery and facilities. Markets are increasingly pricing a prolonged Mideast conflict, with Goldman Sachs analysts modestly raising the bank's oil-price estimates on the assumption that shipping disruptions will persist into 2027.3) The yen is closing in on its strongest level this year after a break through 155 per dollar triggered stop-loss orders, putting the 152 area firmly in traders’ sights. Expectations for tighter BOJ policy have provided a more fundamental source of support, while the break through 155 is now adding technical momentum. The yen’s rally has also extended across major crosses including the euro, pound and Australian dollar, pointing to broad-based strength rather than simply dollar weakness. See omnystudio.com/listener for privacy information.

  3. 6 days ago

    US-Iran War Stalled; Diesel Hits Four-Year High

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US and Iran have intensified tit-for-tat military strikes, with Iran hitting merchant vessels and the US striking Islamic Revolutionary Guard Corps sites. Iran said the US killed 18 people with its attacks, and vowed to punish Washington for a strike on a wedding ceremony that killed at least four people and injured 67. The conflict has led to a rise in energy prices, with Brent crude oil climbing more than 6% this week to $95 a barrel, and US pump prices for diesel at a four-year high.2) US retail diesel prices have hit the highest since mid-2022, topping a peak seen during the early stages of the Iran war. The national average pump price climbed to $5.783 a gallon on Wednesday, surpassing the wartime peak set in April, and is approaching the all-time high of $5.816 in June 2022. The surge in prices presents a political headache for President Donald Trump, as he contends with mounting cost-of-living concerns before November’s midterm elections.3) A disagreement between Chinese and US officials at a Group of 20 finance chiefs meeting revolved around a dispute over the phrase “non-market” in a sentence addressing trade imbalances. The US side attributed the impasse to disagreements on language spanning issues from critical minerals to debt restructuring, while Chinese officials saw the term as a veiled attack on state-owned companies. The final chair statement from the US included a line saying countries should agree to “eliminate non-market policies and practices that exacerbate imbalances,” which was opposed by China. See omnystudio.com/listener for privacy information.

  4. 2 Sept

    US Attacks Prompt Iranian Retaliation; MA Election Results

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Fighting between the US and Iran over control of the Strait of Hormuz escalated, with Tehran accusing American forces of bombing a residential area in a wave of overnight strikes.The US military carried out its second round of attacks in three days, which US Central Command said targeted radar systems and mine-laying capabilities along Iran’s southern coast. This prompted the Islamic Republic to retaliate with drone and missile volleys on US bases across the Middle East, in line with tactics used throughout the six-month war.2) Three Massachusetts Democrats with more than 110 years of service in Congress between them held off much younger challengers in Tuesday’s primaries.Sen. Ed Markey, an outspoken progressive, trounced Rep. Seth Moulton, a more moderate candidate, by 65%-35% in nearly complete returns. Moulton, 47, ran an anti-establishment and generational-change campaign that tried to make the case that Markey, 80, shouldn’t be given another six-year Senate term he would finish at age 86. Markey said he was as invigorated as ever to stand up to the Trump administration.3) The selloff sweeping global bond markets looks painful, but it’s nothing compared with the rout four years ago, when soaring inflation forced central banks into a series of rapid-fire interest-rate hikes.The difference is scale. While the latest pullback has driven yields to multi-year highs in the world’s biggest markets, the move is just a fraction of the one seen in late 2022. Global government bond yields have risen 17 basis points on a rolling 20-day cumulative basis, compared with 62 basis points back then, data compiled by Bloomberg show. On a peak-to-trough basis, bonds have lost 4.2% this year — a far cry from the 23% plunge seen in 2022. See omnystudio.com/listener for privacy information.

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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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