Trump: NATO Should Shoot Down Russian Jets, Deadly Typhoon Hits HK | Daybreak Europe 9/24/2025

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, the MSCI Asian benchmark falls for the first time in three days following a retreat on Wall Street. Chinese tech stocks gain, as Alibaba pledges to ramp up AI spending. Fed policymakers give mixed messages, clouding the outlook for interest rates cuts. Fed Chair Jerome Powell says there’s no risk-free path ahead.

The US President says NATO countries should shoot down Russian jets if their airspace is violated. In a change of tone, President Trump also says he believes Ukraine can win back all of the territory currently under Russian occupation.

Plus, Super Typhoon Ragasa hits Hong Kong with winds of up to 195 kilometers per hour. The cyclone caused flooding in Taiwan, which has killed at least 14 people.

Today’s guests: Tatjana Greil Castro, Muzinich & Co, Co-Head of Public Markets & Laura McGinnis, Balderton, Principal.

Chapters:
00:00:00 – Daybreak Europe
00:03:07 – Asian Stocks Edge Lower After Mixed Fed Signals
00:05:46 – Powell: No Risk-Free Path for Fed Amid Dual Threats
00:08:22 – Gold Rally Powers On As Investors Piles Into ETFs
00:08:58 – Trump on Ukraine: Let Them Get Their Land Back
00:10:27 – Trump Says NATO Should Down Russian Jets Breaching Airspace
00:13:10 – Rinkevics: Show of Force is Only Way to Stop Russia
00:14:04 – Kristen Michal, Estonian PM on NATO, Ukraine-Russia War
00:17:22 – Super Typhoon Ragasa Slams Hong Kong
00:18:25 – Tracking Typhoon Ragasa on the Bloomberg Terminal
00:20:17 – Micron Gives Solid Forecast on AI Boost
00:22:11 – Anna Breman Named First Female RBNZ Governor
00:22:25 – China to Stop Claiming WTO Benefits
00:22:39 – Reeves: UK Won’t Follow US Visa Clampdown
00:23:05 – Volvo Car to Offset Tariffs With US Investment
00:26:19 – Tatjana Greil Castro, Muzinich & Co, Co-Head of Public Markets
00:31:02 – Cipollone: ECB Stands Ready to Act
00:34:07 – The Big Take: The Trillion-Dollar Race to Manage Europe’s Money
00:38:34 – Laura McGinnis, Balderton Principal
00:43:08 – Revolut to Spend $13M in Push for 100M Users
00:43:32 – Kimmel Takes Conciliatory Tone in Return to Air
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