Global Stock Losses Deepen, Can AI Deliver Growth, Wealthy Brits Budget Prep
Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market before a high-stakes week featuring Nvidia Corp.’s earnings and a pivotal US jobs report.(2) The eye-watering valuations of artificial intelligence champions such as Nvidia Corp., which enjoys a market cap of $5 trillion, prompt a question: Will AI’s growth revolution match investors’ hopes?(3) President Donald Trump said the US would sell F-35 fighter jets to Saudi Arabia, offering Crown Prince Mohammed bin Salman a prize he’s long cherished — even though many obstacles remain before he gets the stealthy planes.(4) The UK is drawing up countermeasures against the European Union’s proposed steel tariff increase in the event that Prime Minister Keir Starmer cannot secure a deal to blunt their impact.(5) German Chancellor Friedrich Merz joined European politicians in saying the bloc’s banking regulations are too strict as the US gives lenders an easier ride to free up financing for the economy.Podcast Conversation: Bezos Brings Signature Management Style to $6 Billion AI StartupSee omnystudio.com/listener for privacy information.
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Just a little more than a month after reaching an all-time high, Bitcoin has erased the more than 30% gain registered since the start of the year as the exuberance over the pro-crypto stance of the Trump administration fades.(2) Keir Starmer’s government plans to make it easier to remove migrants with no rights to stay in the UK, as the prime minister seeks to gain control of the political narrative after one of the most bruising weeks of his 16 months in power.(3) Oil traders are not counting on OPEC+ to cut production next year, despite forecasts that a global supply surplus could send prices even lower.(4) President Donald Trump said proposed Senate legislation to sanction countries conducting business with Russia would be “okay with me,” his strongest indication yet that he would support a monthslong push to strangle Moscow’s funding.(5) German Finance Minister Lars Klingbeil pressed for an “open, rules-based global trading system” as he departed for a high-stakes visit to Asia, as frictions over trade restrictions between the US, China and Europe ramp up.Podcast Conversation: The Best Gifts of 2025See omnystudio.com/listener for privacy information.
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 – a look ahead to earnings from Nvidia, Walmart, and Target. In the UK – a look ahead to the European Business Summit. In Asia – a look ahead to Japan’s upcoming GDP report. See omnystudio.com/listener for privacy information.
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Reeves Mulls Tax U-Turn, China’s Economy Falters, Keeping Vintage Time
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) UK Chancellor Rachel Reeves is considering dropping plans to raise the headline rates of income tax and a slew of other levies in her upcoming budget.(2) China’s economic activity cooled more than expected at the start of the fourth quarter with an unprecedented slump in investment and slower growth in industrial output.(3) US President Donald Trump is readying substantial tariff cuts and trade deals as he seeks to address voter concerns over high food prices and the cost of goods.(4) The BBC's Chairman Samir Shah has written to the White House expressing remorse to US President Donald Trump for a misleading documentary edit of his January 6th speech in 2021. (5) EU officials are looking at how to transform the European Securities & Markets Authority into a more sweeping watchdog like the SEC in the United States.Podcast Conversation: How to Get Your Vintage Timepiece Safely ServicedSee omnystudio.com/listener for privacy information.
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Record US Shutdown Ends, New EU Trade Offer To US, Russia Trademark Poaching
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump signed legislation to end the longest government shutdown in US history, marking the official conclusion to a 43-day impasse.(2) The European Union is set to propose a plan to the US that would implement the next phase of the trade agreement the two sides reached this summer.(3) Top trade negotiators from Switzerland are headed to Washington, aiming to complete negotiations on a trade deal with the US that would lower the 39% tariff rate on Swiss goods.(4) Rachel Reeves should get billions of pounds of extra room in her upcoming budget, UK Treasury officials believe, thanks to her plan to cut household bills and bring down inflation.(5) Prime Minister Keir Starmer tried to draw a line under squabbling within his Labour Party and called for unity after an alleged challenge for his job exposed questions about his future.(6) Democrats returned to pressing Donald Trump on his ties to Jeffrey Epstein, highlighting a selection of emails in which he suggested the president knew of his activities.Podcast Conversation: In Europe, the Oldest Ideas in Wellness Get a New SpotlightSee omnystudio.com/listener for privacy information.
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