Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
On today’s show, stocks in Tokyo fall after Donald Trump threatens 35% tariffs on Japan in a dispute over rice exports. The US President also says there won’t be an extension to the July 9th deadline for higher tariffs.
Jerome Powell says the Fed would have cut interest rates by now were it not for the trade war, but he hasn’t ruled out a cut in July.
Plus the UK Prime Minister Keir Starmer is weakened after a battle with Labour Party rebels. His welfare reform bill passed parliament, but with all of the savings removed, leaving a potential £5 billion hole in the government finances.
Today’s guest: Maria Pereira, TISSIUM, Co-Founder & Chief Innovation Officer
Chapters:
00:00:00 – Daybreak: Europe
00:02:32 – Asian Shares Dip as Trump Revives Tariff Threat
00:03:50 – Hong Kong Steps Up Defense of FX Peg as Fixed Range Tested Again
00:05:33 – Trump Sticks With July 9 Tariff Deadline While Criticizing Japan
00:06:58 – Trump Tax Bill Hits Republican Resistance in House
00:08:38 – Powell Cautious on Fed Rate Cuts
00:11:20 – Lagarde: We Are Facing a Lot of Uncertainty
00:12:10 – Bailey: Household Debt Is Lower Than Expected
00:13:18 – US Equity Rally Stalls, Small Caps Outperform Tech
00:14:34 – EUR-USD Rises For 9 Straight Sessions
00:16:54 – Santander Agrees to Buy Sabadell’s TSB Unit for £2.7B
00:19:11 – Biggest US Banks Boost Payouts After Lighter Fed Stress Test
00:19:57 – AstraZeneca CEO Wants to Move Listing to US: Times
00:22:13 – Central Bankers on Rate Cut Pace at Sintra
00:26:03 – Starmer Guts Welfare Reform to Avoid Commons Defeat
00:27:52 – UK Prime Minister Forced Into $4B U-Turn
00:28:59 – Macron Opens Iran Talks with Putin
00:30:29 – Macron Seeks to Burnish Credentials as Global Player
00:31:27 – Gaza Ceasefire Deal to be Presented to Hamas
00:32:25 – US Halts Key Weapons Deliveries to Ukraine
00:32:46 – Trump, Musk Feud Again After Tax Bill Criticism
00:34:37 – Trump Says He ‘Will Take a Look’ At Deporting Musk
00:35:55 – Tesla Sales Report Expected to be Downbeat
00:37:24 – Maria Pereira, TISSIUM Co-Founder & Chief Innovation Officer
00:43:29 – Powell: Hope Can Look Back at 2025 as a Success
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