Bloomberg Daybreak: Europe Edition

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

On today's podcast:

(1) US Army Secretary Dan Driscoll is stepping down after repeated clashes with his boss, Pete Hegseth, leaving the service without several top leaders even as the conflict with Iran continues.

(2) Shein struggled in its Hong Kong debut after a years-long process to an initial public offering that eventually valued the company at a fraction of what it was once worth and still left investors questioning its value as consumer play.

(3) US Treasury Secretary Scott Bessent told Japanese Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that the Asian country’s next step should be to raise interest rates, NHK reports, citing an interview with a US official.

(4) Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia , part of an effort to quickly expand its AI capacity, according to a person familiar with the matter.

(5) Superstar Lionel Messi announced his retirement from Argentina’s national team after more than two decades, marking the end of an era for the football-obsessed South American nation.

Podcast Conversation: US Economy Needs Clusters Like Silicon Valley: Allison Schrager
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran exchanged strikes for the first time in about a month as American forces hit Iranian rocket launchers and the Islamic Republic responded by firing missiles toward Jordan.

(2) President Donald Trump’s plan to seize direct control of Venezuela’s oil reserves is prompting warnings that the Latin American nation will become a modern-day resource colony akin to the so-called banana republics of a century ago — something that could create long-term risks for oil companies operating there.

(3) Bond investors at firms including ABN AMRO Investment Solutions and Brandywine Global Investment Management are voicing skepticism about mounting speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates.

(4) Icelanders narrowly turned down reopening membership talks with the European Union in a divisive referendum, as concerns over retaining control of the island nation’s natural resources eclipsed the case for closer alignment with Europe.

(5) Chancellor Friedrich Merz warned that Germany’s eastern Saxony-Anhalt region will suffer economic damage if the far-right AfD party wins control of the state’s government next Sunday.

Podcast Conversation: Welcome to the Don’t Ask, Don’t Tell AI Economy
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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 – a look ahead to the August jobs report and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to state elections in eastern Germany.
In Asia – a look ahead to South Korea inflation data.
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A chorus of investors is urging Federal Reserve Chairman Kevin Warsh to provide a strong rebuke of high inflation to boost the long end of the Treasury market.

(2) Federal Reserve officials continue to send mixed signals on their outlooks for inflation, with some arguing higher interest rates are needed to tame prices while others signaled less urgency.

(3) France’s first presidential election debate was largely consumed by bickering among the candidates on how to deal with the country’s swelling debt, including a dispute over a far-left proposal to simply cancel a portion of it.

(4) Nvidia added $442 billion to its market value on Thursday in the second-largest one-day gain by any stock in history.

(5) The Trump administration must lift its ban on Anthropic's artificial intelligence technology for federal agencies, a US judge ruled.

(6) President Donald Trump announced he was moving to rename Lake Ontario as Lake America, escalating his clash with Canada after trade negotiations between the two nations collapsed.

(7) UEFA, Europe’s governing football body, said that it’s pursuing a criminal case against FIFA President Gianni Infantino in Switzerland, intensifying the fallout from his failed plan to monetize the World Cup.

(8) US Money Pours Into English Football. But Can It Fix the Wi-Fi?

Podcast Conversation: Dua Lipa’s Sunny Hill Festival Puts Kosovo on the Music Map
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Nvidia, the chipmaker at the heart of the artificial intelligence boom, gave a bullish sales outlook for fiscal 2028, easing concerns that AI spending is poised to lose momentum.

(2) Iran’s military said it reached a revenue-sharing agreement with Oman on the Strait of Hormuz, as Tehran and Washington’s standoff over control of the crucial waterway continues.

(3) Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three people close to the Kremlin.

(4) Meta said it agreed to pay up to $18 billion in landmark settlements to resolve social media claims from US states that would require the company to make major changes to how it operates platforms like Facebook and Instagram.

(5) A Barclays survey has found that this year’s heat waves measurably impacted the investment plans of businesses and conduct of consumers in the UK.

(6) As many as 230,000 adults in two districts of Malawi are each receiving about 1.2 million kwacha, or almost $700, and they can do whatever they want with it.

Podcast Conversation: As Data Centers Hum and Whine, Acousticians Are in High Demand
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