Bloomberg Daybreak: Europe Edition

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

On today's podcast:

(1) President Donald Trump and Israeli Prime Minister Benjamin Netanyahu offered differing accounts of a call about the fighting in Lebanon, as the US struggled to get efforts toward an Iran peace deal back on track.

(2) The European Commission is weighing plans to grant member states additional fiscal flexibility to cope with the impact of high energy costs due to the Iran War, according to people familiar with the discussions.

(3) Senior government officials have warned Russian President Vladimir Putin that spending on the war in Ukraine is on an unaffordable path, the most serious sign of internal division in Moscow since the full-scale invasion began.

(4) Google parent Alphabet is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway, as the company races to fund its ambitious artificial intelligence spending plans.

(5) Britain was still grappling with the explosion of government debt accumulated during the Napoleonic Wars and the industrial revolution was beginning to transform the world. In 1834, the UK had 90 taxes in place with duties on everything from servants to stage coaches.

(6) UK Sotheby’s International Realty has been the talk of London’s luxury property market over the past three years. But alongside the firm’s rapid expansion sit allegations of harassment and bullying from current and former employees, revealed by Bloomberg for the first time.

Podcast Conversation: McDonald’s Growth Plan Calls for Fancier Chicken, Airier Stores
See omnystudio.com/listener for privacy information.

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

On today's podcast:

(1) Stocks rose to a record as investors doubled down on the artificial intelligence trade that’s powered equities to all-time highs. Oil climbed as a US-Iran ceasefire deal remained elusive.

(2) The US and Iran traded messages over the weekend seeking changes to a draft agreement that would extend a ceasefire and open the Strait of Hormuz, but it was unclear whether the sides were making much progress.

(3) Europe is rushing to rearm but needs time and clarity from the US to do so, Germany’s Chief of Defense Carsten Breuer said in an interview with Bloomberg TV on the sidelines of the Shangri-La Dialogue defense conference.

(4) Andy Burnham, the Greater Manchester mayor who wants to replace Keir Starmer as UK prime minister this summer, has left open the possibility that he could call an early general election if he wins power.

(5) Congo’s Ebola outbreak is being detected across a widening swath of the country’s conflict-hit east as health authorities struggle to trace exposed contacts and determine the true scale of the epidemic.

Podcast Conversation: Hands Are Physical AI's Anti-Hype Test: Catherine Thorbecke
See 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 the May jobs report, along with a focus on three stocks for the week ahead.
In the UK – a look ahead to what comes next in the Ukraine war following fresh EU funds to Ukraine.
In Asia – a look ahead to Australia GDP data.
See omnystudio.com/listener for privacy information.

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

On today's podcast:

(1) The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a person with knowledge of the matter said, raising hopes the three-month conflict could be nearing a resolution.

(2) Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX.

(3) Anthropicraised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time.

(4) European Commission officials are planning to meet with Anthropic to seek more information on the company’s Mythos model and request making the groundbreaking artificial intelligence tool available to the bloc, according to people familiar with the matter.

(5) Andy Burnham, who is seeking to become the UK prime minister this summer, said a government led by him would increase regulations on technology companies and intervene more widely in the economy.

Podcast Conversation: Men Are Spraying Themselves 100 Times in New Fragrance Frenzy
See omnystudio.com/listener for privacy information.

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

On today's podcast:

(1) The US carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.

(2) Federal Reserve Bank of Chicago President Austan Goolsbee repeated that increased investment and spending due to a projected surge in future productivity growth may be inflationary and require higher interest rates from the US central bank.

(3) The European Central Bank should take a close look at how badly the Iran war is weighing on the economy when it decides whether to raise interest rates next month, according to Vice President Luis de Guindos.

(4) A surge in UK youth unemployment risks creating a “lost generation,” according to a government-commissioned review that said urgent action is needed to correct a “whole-system failure.”

(5) President Volodymyr Zelenskyy rebuffed the idea of Ukraine getting partial membership of the European Union, arguing that his country deserves to be granted full status because its forces are defending all of the bloc from Russia.

Podcast Conversation: The $300 Per Month Gym Membership Is Becoming Gen Z’s Night Out
See omnystudio.com/listener for privacy information.