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. 18h ago

    Zelenskyy Defies Trump; Leakers 'Should Be Shot' Says President

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Ukrainian President Volodymyr Zelenskyy has ordered attacks on Russian oil refineries to resume in a spiraling confrontation with Donald Trump over restrictions on US intelligence assistance.Zelenskyy said he’s ending a three-day pause on strikes in response to the US president’s call last week for an “energy ceasefire” after he accused Trump and billionaire Elon Musk of restraining Kyiv’s ability to defend itself against Russian missile and drone attacks.2) President Donald Trump called for executing individuals who leak information to the media during a campaign rally as he railed against what he cast as critical coverage of the war in Iran. “In my opinion, leakers should be shot. They should be shot. In the old days, we used to shoot leakers,” Trump said at the campaign event in Bullhead City, Arizona. “Leakers should be dealt with very, very strongly. They’re real. To me, they’re the scum of the earth.”3) Global equities fell as a selloff in the artificial-intelligence trade gathered speed and pushed investors toward the safety of bonds.S&P 500 futures were down 0.3% while Nasdaq 100 contracts retreated 1.2%. The leg lower came as Anthropic PBC disclosed $16.8 billion in third-quarter growth to prospective investors, figures that suggested the pace of growth had slowed even as it remained robust.An exchange-traded fund tracking chipmakers signaled the sector’s six-day selloff was set to continue. CoreWeave Inc. fell a further 6% in premarket trading after Wednesday’s 15% rout when its bonds also dropped to levels that typically show distress. See omnystudio.com/listener for privacy information.

  2. 1d ago

    Midterm Debates Heat Up; Russia-Ukraine Energy Ceasefire in Limbo

    Today's top stories, with context, in just 15 minutes.   On today's podcast:   1) A series of Midterm debates took place Tuesday night across the country, with Election Day just weeks away. In New York, Governor Kathy Hochul faced off with her Republican challenger Bruce Blakeman. Senate debates took place in Massachusetts, Maine, Georgia, and Iowa. Along with partisan barbs, the economy was a central theme across all of the conversations, and it comes as investors get a slew of economic news this week and this morning with the September CPI due out.   2) Russia said it attacked Ukrainian electricity plants in a "massive strike" overnight, targeting six thermal plants and a substation. Ukrainian President Volodymyr Zelenskyy said the strike was "entirely deliberate and demonstrative in its scale" and targeted "the very infrastructure covered by the ceasefire announced by the American President." Three people were killed and 25 injured in the attack, which also caused water and power cuts in Kyiv, according to Ukrainian Prime Minister Serhii Koretskyi.   3) An employee at OpenAI, Abdulrahman Alfozan, was arrested and charged with using a hidden recording device in one of the company's San Francisco offices. The device was discovered by OpenAI's security team on Sept. 30 in an executive conference room, and Alfozan is alleged to have placed it there around Sept. 28. OpenAI said it has no indications that Alfozan inappropriately accessed or exfiltrated model weights, source code, or customer data, and that the investigation is still ongoing. See omnystudio.com/listener for privacy information.

  3. 2d ago

    Trump Dismisses Iran Aid Concerns; Houthis Continue Saudi Attacks

    Today's top stories, with context, in just 15 minutes.   On today's podcast:   1) President Trump dismissed concerns that Russia and China might be helping Iran in its war with the US, adding that the two countries would have “too much to lose” in aiding the Islamic Republic. China and Russia have maintained close ties with Iran for decades but have denied providing arms assistance to Tehran in its conflict with the US that began in late February. There have, however, been reports of military cooperation. The Wall Street Journal has reported that Chinese entities shipped components used in Iran’s drones and missiles, while US officials linked satellite imagery obtained from Chinese sources to an Iranian strike that killed three American troops.   2) Saudi Arabia intercepted ballistic missiles launched by Yemen's Houthis, targeting Riyadh and Khamis Mushait. The attacks pose a challenge to Saudi Crown Prince Mohammed bin Salman's efforts to transform the kingdom's economy, with recent strikes suspending operations at Riyadh's main airport. The US is assisting Riyadh with intelligence and aerial refueling, and US President Donald Trump said he is considering joining in the fight against the Iran-backed militant group.   3) Global investors chasing the AI-powered equity rally are the most exposed to technology stocks since the rebound from the Covid pandemic six years ago, according to a poll by Bank of America Corp.The proportion of fund managers who are overweight the tech sector has risen to 37% from 30% last month, the highest since August 2020, the survey shows. About 45% of respondents agreed that there will be an AI bubble in 2027, with 42% saying no.Artificial intelligence has been the hottest trade in equities, driving gains of almost 120% in the S&P 500 Index during a four-year bull run. But some of the enthusiasm around AI is fading as investors question whether returns will justify the heavy spending on the technology. Respondents in the October BofA survey said global semiconductor stocks were the market’s most crowded trade.Eric Mollo See omnystudio.com/listener for privacy information.

  4. 3d ago

    Deadly Houthi Strike Raises War Risks; Judge Halts Trump TV Ads

    Today's top stories, with context, in just 15 minutes.   On today's podcast:   1) Houthi militants targeted airports across Saudi Arabia, killing at least 14 people and wounding hundreds in two separate incidents at King Khalid International Airport in Riyadh. The Saudi-led military coalition intercepted missiles and drones aimed at the kingdom overnight, including areas that are home to some of Saudi Arabia’s key oil and gas facilities, and vowed a “decisive” response. Energy Minister Prince Abdulaziz bin Salman said the kingdom remained committed to providing energy security, stating “There is no way that somebody will break our back. We are like a phoenix. We come out of the ashes all the time and every time.”   2) A federal judge in New York ordered the Trump administration to stop running taxpayer-funded television ads and to halt any payments of public money related to airing them. The judge wrote that the challengers had shown they’d suffer “irreparable harm” without immediate court action and that a temporary halt “serves the public interest." The challengers accused the White House of violating a congressional prohibition against using taxpayer dollars for unapproved “publicity and propaganda."   3) Ukraine will continue to respond with long-range strikes against Russia unless Moscow agrees to an energy ceasefire that still hasn’t happened, President Volodymyr Zelenskyy said on Monday.Speaking via a video link at Warsaw Security Conference, the president said he learned from the media about the truce announced by US President Trump on the Truth Social platform on Sunday. Since then, Ukrainian energy infrastructure has continued to be hit by Moscow’s air strikes, according to Zelenskyy. Russian President Vladimir Putin doesn’t read Truth Social,” the Ukrainian president said. “If Russia doesn’t agree to energy ceasefire - we will respond.” See omnystudio.com/listener for privacy information.

  5. 6d ago

    Trump Promises No Iran Attack Before Midterms; Hurricane Isaias Approaches US

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump said the US would “not be attacking Iran” before November’s midterm elections, citing “productive discussions” with the Islamic Republic. Trump's comments came despite Iran escalating attacks on tankers in the Strait of Hormuz and Tehran-backed militants in Yemen attacking energy facilities in Saudi Arabia. The president said a US naval blockade of Iranian exports would remain in place, and he has suggested Iran was waiting to see how his Republican Party would do during the midterms.2) Hurricane Isaias is bearing down on the US Gulf coast. Offshore US oil production is plummeting as Hurricane Isaias pushes toward a coastline dotted with refineries and chemical plants. More than 3 million people reside in the projected path of Isaias, which reached Category 2 strength on the five-step Saffir-Simpson scale Thursday. Roughly 63% of US Gulf of Mexico crude output has been shut in, while 500,000 barrels a day of refining capacity is threatened.3) OpenAI is expecting to reach or exceed $70 billion in annualized revenue by the end of the year, driven largely by growth in its enterprise business. The company's annualized revenue was roughly $50 billion at the end of September, which represents a projection of OpenAI's yearly sales based on a shorter period. OpenAI is in talks to raise $30 billion or more at a $1.4 trillion valuation before the new money as part of its latest fundraising effort. See omnystudio.com/listener for privacy information.

  6. Oct 8

    Trump Weighs Iran Strikes Before Midterms; Hurricane Isaias Forms in the Gulf

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Oil climbed 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. Freight rates are surging, with shipping oil from the Middle East to China costing $1.4 million a day, the most on record. Producers in the Gulf of Mexico shut in more than 510,000 barrels a day of crude output in response to Hurricane Isaias forming in the US Gulf.2) President Trump defended his immigration policies during a visit to Texas as he sought to boost struggling GOP Senate candidate Ken Paxton ahead of November’s midterm elections. Trump’s defense of his immigration policies comes as Republicans are seeking to shore up their standing with Hispanic voters, whose support for the president has slid in recent polls due to concerns over the economy and affordability issues. Paxton is in a close race with Democratic candidate James Talarico, with recent polls showing Talarico with a narrow advantage, leaving Democrats cautiously hopeful in what has been a reliably red state.3) Hurricane Isaias has formed in the US Gulf, with top sustained winds of 75 miles per hour, and is tracking toward the coast. Offshore producers have shut in roughly 25% of crude output and 16% of natural gas production, and workers at eight platforms and two rigs have been evacuated. Forecasters are increasingly confident that the hurricane will land east of major energy assets off the coast of Louisiana and Texas around late Friday or early Saturday. 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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