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. 12 hr ago

    US & Iran Hold Fire For Now, Three Shot Dead In Seattle

    Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran held off attacks on one another for a third straight night, helping lift global stock and bond markets and push down oil prices. President Trump is giving diplomacy “some space,” according to Mike Waltz, Washington’s ambassador to the United Nations, after Trump threatened to step up attacks in Iran. Iran’s army says it has halted its retaliation against US bases and troops in the region as a result of Trump’s decision to hold off on strikes, but tensions between the warring sides remain high. 2) Three people were killed and at least five others injured in a shooting at a food festival near Seattle’s Space Needle landmark on Sunday. Seattle police are investigating and advised people to avoid the area, with one suspect taken into custody and another suspect remaining at large. The shooting happened during the Bite of Seattle festival, with police believing that two people were shooting at each other and asking witnesses to come forward with information. 3) Nvidia will invest $1 billion in Naver Corp. to help finance an AI data center under construction in South Korea. Nvidia is teaming up with SK Group to build more than 2 gigawatts of AI data centers on the Korean Peninsula. It comes amid a Wall Street Journal report that the company is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project. See omnystudio.com/listener for privacy information.

  2. 3 days ago

    Trump Considers "Massive" Iran Attack, Imposes New Tariffs

    Today's top stories, with context, in just 15 minutes.   On today's podcast:   1) President Trump said he’s considering a “massive attack” on Iran to push the nation to negotiate a peace deal. The president told Axios that Iran isn’t ready to make a deal and “they haven’t received enough pain yet,” and that he was “close to making a decision” on attacks that would be “bigger than ever before.” The US has launched strikes intended to degrade Iran’s ability to attack commercial shipping in Hormuz, and Trump has threatened “major military punishment” on Iran and the Houthi militant group it backs in Yemen if they target commercial ships.   2) President Trump is rebuilding his tariff strategy with new levies on 60 economies. The US will collect duties of between 10% and 12.5% on imports from most major trading partners, following an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains. Goods from some trading partners deemed to have adopted forced-labor restrictions will be subject to 10% tariffs, including Mexico, the UK, Canada and India, while duties on items from the European Union and Taiwan won’t exceed 10%. The rates under the new authority took effect Friday at 12:01 a.m. New York time, with certain exemptions, such as for products that can’t be produced in the US or where tariffs would cause economy-wide disruptions.   3) Intel delivered a revenue forecast that shattered Wall Street estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround. Sales will be $15.8 billion to $16.8 billion in the third quarter, with the low end of that range easily clearing the $15.1 billion average analyst estimate. The outlook underscores Intel’s gains with data center customers, which are clamoring for chips to satisfy demand for artificial intelligence computing, with sales in that segment soaring 59% last quarter. See omnystudio.com/listener for privacy information.

  3. 4 days ago

    New Front In Iran War; Big Tech Earnings Falter

    Today's top stories, with context, in just 15 minutes.   On today's podcast:   1) The Iran-backed Houthis claimed their first attack on commercial ships in recent months, targeting two Saudi Arabian oil tankers in the Red Sea with missiles and drones. The Saudi government confirmed an attack on one refined-products tanker, called the Encelia, and the British navy said a tanker was struck by a projectile near the Saudi town of Al Shuqaiq. The move could effectively close another maritime chokepoint vital to energy markets, following Iran’s shutdown of the Strait of Hormuz, and oil prices are rising and Brent crude jumping.   2) Alphabet raised its capital spending forecast to a range of $195 billion to $205 billion this year, up from a previous forecast of $190 billion. The company's quarterly cash flow was negative for the first time since going public, with negative free cash flow of $5.9 billion in the period, and its cloud revenue totaled $24.77 billion, up 82% from a year earlier. Alphabet's cloud backlog grew to $514 billion, with over half expected to convert to revenue within 24 months, and the company's net income was $9.11 a share, well above Wall Street's forecasts.   3) Tesla's profit tumbled despite a strong quarter for its automotive business, pressuring Elon Musk's plan to refocus the electric-vehicle maker on artificial intelligence and robots. Spending on ambitious initiatives surged to $5.8 billion in the second quarter, resulting in Tesla's first cash burn in two years, and the company still expects capital expenditures in excess of $25 billion this year. Tesla's shares were down about 5% in pre-market trading in New York on Thursday, after the company reported adjusted earnings that fell short of analyst estimates and negative free cash flow of $1.09 billion.Eric Mollo See omnystudio.com/listener for privacy information.

  4. 5 days ago

    US & Iran Shun Diplomacy, 100% Drug Tariffs Plan

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US widened the scope of its airstrikes on Iran overnight, striking a military site near the north-western city of Tabriz. The Iranian government activated air defenses in Tehran and the US struck other areas, with Iran firing on US bases in Kuwait, Bahrain and Jordan. There are no negotiations between the US and Iran, with a spokesman for the Iranian ministry saying "our new message is that the enemy violated the memorandum and should implement it."2) President Trump said generic drug manufacturers must move production to the US or face a 100% import duty from August 2028. The move aims at “reshoring” generic pharmaceutical production in the US, with companies that don’t build plants onshore facing levies that would then double, to 200%, in August 2029. The planned tariffs would raise costs for manufacturers, risking higher prices and potential shortages for generic treatments that account for more than 90% of US prescriptions.3) New Jersey Governor Mikie Sherrill said about 6,600 people who identified themselves as noncitizens were registered to vote due to a software error in the state’s motor vehicle system. The applicants answered “no” when asked on a keypad whether they were US citizens while applying for driver’s licenses and identification cards, but the system registered them anyway. A preliminary analysis found that fewer than 400 of the people who were registered cast ballots, and they were registered as Democrats, Republicans and unaffiliated voters, and were spread across the state. See omnystudio.com/listener for privacy information.

  5. 6 days ago

    US-Iran Strikes Extend to 10th Day; Trump Vows 50% Tariff on Canadian Goods

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US and Iran exchanged strikes for a 10th consecutive day as mediators sought to revive a truce, with the US targeting military command centers and Iran attacking US military sites in Kuwait and Jordan. The Houthi militant group in Yemen threatened shipping in the Red Sea, and the Saudi-led coalition said it is taking steps to protect ships sailing in the area. Oil prices have surged and US retail gasoline prices have climbed back over $4 a gallon, potentially hurting Trump and his Republican Party before midterm elections.2) The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy. The items subject to the new tariff include milk, hockey equipment, beer and plywood — but not major resource imports such as energy, potash and critical minerals. The tariffs are being applied under Section 338 of the 1930 Tariff Act, which gives the president the power to impose duties of as much as 50% on countries deemed to discriminate against US commerce.3) President Trump said he had a “very good conversation” with new UK Prime Minister Andy Burnham and that they would be meeting in the “not too distant future." Trump and Burnham discussed many subjects, including the outstanding relationship between the US and the UK, North Sea oil, trade, and demining the Strait of Hormuz. Burnham's office said the prime minister congratulated Trump on the World Cup tournament and invited the president to visit Manchester in one of his first calls as UK leader. See omnystudio.com/listener for privacy information.

  6. 20 Jul

    US Bombs Iran After Troops Killed, UK Gets Another New Leader

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US conducted a ninth straight day of airstrikes on Iran, targeting military targets and communications networks. Iran continued to attack US bases in several countries, and the standoff shows no sign of easing, with Iran refusing to relent over the Strait of Hormuz. The US-Iran interim peace deal has all but collapsed, and talks over Tehran's nuclear program and a permanent cessation of hostilities have stalled.2) Andy Burnham is set to become the UK's prime minister with numerous outstanding questions about his cabinet and policy direction. Burnham will pledge to deliver improvements in people's lives and set out his domestic priorities, concluding with a "message of optimism" about Britain's future. The incoming leader will inherit a range of challenging issues, including immigration, welfare, productivity, and social care, as well as navigating global relationships, including with US President Donald Trump.3) Spain won its second World Cup title, defeating Lionel Messi’s Argentina 1-0 in extra time. The World Cup has been a commercial success, with FIFA increasing its four-year revenue expectations by about $2 billion and more than 15 million people attending stadiums and fan festival areas. The tournament was marred by controversy, including President Donald Trump's intervention on behalf of a suspended American player, which led to criticism of FIFA's obsession with money and power. 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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