Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Friedrich Merz said he would stay put as German chancellor even after his party suffered its worst-ever result in a state election, with a tally showing the conservatives crashing out of a regional assembly for the first time in the country’s post-World War II history.

(2) US Treasury Secretary Scott Bessent lauded “very successful” talks with his Chinese counterparts on artificial intelligence, trade and investment, while China described the discussions as positive ahead of this week’s summit between leaders Donald Trump and Xi Jinping.

(3) Ukrainians are already drawing up contingency plans for what threatens to be the worst wartime winter yet.

(4) Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent was “wrong” when he said that the strategic Strait of Hormuz will be worthless in two years.

(5) Citigroup Chief Executive Officer Jane Fraser said that companies are racing to build up their defenses as artificial-intelligence models become even more powerful and risk spurring cyber attacks.

(6) Tue Vuong, chief executive officer of Golden Wheat, was told his wheat shipments from the Black Sea wouldn't get shipped due to the escalation in Russia's war with Ukraine.

Podcast Conversation: The Miniatures Boom Is Becoming Big Business
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – we look at upcoming home building data
In the UK – we preview elections in Germany
In Asia – we discuss President Xi's visit to the US this week

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The Bank of Japan raised its benchmark interest rate in a split decision showing dissent within the board as it confronts mounting inflation risks and unusually explicit calls for further policy normalization from Washington.

(2) The European Central Bank must get inflation under control as failing to do so would endanger economic expansion, Governing Council member Ante Zigman warned.

(3) After the early optimism of Andy Burnham’s premiership, the UK’s new prime minister now finds himself right where he didn’t want to be: at the mercy of bond markets.

(4) DoubleLine Capital chief executive Jeffrey Gundlach warned that the next US downturn could trigger a debt crisis that sends long-term Treasury yields sharply higher — defying decades of conventional wisdom that bonds will always serve as safe haven during times of economic strife.

(5) The Trump administration will allow the core members of an Iranian delegation to travel to the United Nations in New York for the General Assembly next week, the State Department said, even as the US and Iran remain at war in the Middle East.

(6) ExxonMobil Holdings Corp. says the world is on course for rapid global temperature increases as coal use persists, pushing emissions beyond mid-century climate goals.

(7) It's the start of London Fashion week - haute couture sitting alongside high street and emerging young designers.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A year ago, when Kevin Warsh was angling to lead the Federal Reserve, he called out the central bank for keeping interest rates too high and touted a technological revolution that would spur growth without driving inflation.

(2) The Bank of England is expected to hold interest rates as it waits for more evidence that a fresh bout of inflation risks a damaging wage-price spiral.

(3) Britain’s monarch plans to ask some of the most critical figures in artificial intelligence for reassurances the technologists can keep their inventions under control.

(4) President Donald Trump floated hitting goods imported from the European Union with fresh tariffs or even cutting off some trade if he determined that a push to make Canada a potential associate of the bloc was harmful to the US.

(5) Europe is set for one of its smallest ever potato harvests after a succession of heat waves and lingering drought battered the water-hungry staple.

(6) The central square in Kozani has what you’d probably expect from a small Greek city. There’s an Orthodox church, the mayor’s office and a crop of tavernas and cafes. There’s little to suggest it lies at the heart of a transition that the country has a lot riding on.

Podcast Conversation: 1,400 New Words and Definitions Added to Merriam-Webster.com
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Tensions between Russia and Europe are intensifying after a string of security incidents across the continent. The growing tensions between the EU and Russia come as Ursula von der Leyen delivers her State of the European Union speech this morning

(2) Senior Trump administration officials met Tuesday with Anthropic PBC’s top Washington executive to discuss artificial intelligence safety risks.

(3) The Federal Reserve is expected to lift interest rates on Wednesday for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank.

(4) Prospects for an extension to the US-China trade truce are solidifying as the two sides discuss slashing tariffs on goods including American energy and agricultural products ahead of the leaders’ summit next week.

(5) Swiss voters are set to reject a proposal to tighten the country’s neutrality this month, preserving the government’s freedom to interpret the doctrine flexibly.

(6) Across Germany, government bodies are surveying the country's healthcare systems and infrastructure to see how — or if — they would stand up in a defense scenario against Russia.

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