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.
Today’s guest: Yam Taw Boon, Neuberger Berman Head of Thematic Asia & Portfolio Manager.
On today’s show, we cover the story of the US president Joe Biden said Israel should hold off from attacking Iran’s nuclear facilities in retaliation for a missile barrage this week, as Group of Seven nations sought to tamp down a spiraling conflict that threatens to pull the US even deeper in.
Asked if he would support such a response, which some Israeli politicians have called for, Biden responded, “The answer is no.” He said he was set to speak with Prime Minister Benjamin Netanyahu, and the G-7 planned a statement in an effort to head off further escalation, while further sanctions will be imposed on Iran.
Elsewhere, OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology.
The funding round was led by Thrive Capital, the venture capital firm headed up by Josh Kushner, which put in $1.3 billion. Microsoft Corp., OpenAI’s largest backer, put in about $750 million, on top of the $13 billion it had already invested in the startup, according to a person familiar with the matter. Other investors included Khosla Ventures, Fidelity Management & Research Co. and Nvidia Corp., the chipmaker whose powerful processors are at the center of the AI boom. Microsoft declined to comment.
Chapters:
00:00:00 – Daybreak Europe
00:00:20 – Biden Seeks to Deter Israeli Attack on Iran Nuclear Sites
00:01:21 – US jobs data damp rate-cut optimism
00:06:54 – Biden Says G-7 Plans Sanctions Targeting Iran for Israel Attack
00:09:37 – Yen closes out worst day since June 2022
00:13:12 – Macron Says France’s Parliament Can Overcome Divisive Election
00:16:48 – OpenAI Raises $6.6 Billion in Funds at $157 Billion Value
00:20:32 – Hurricane Helene Insurance Losses Expected to Reach $6.4 Billion
00:26:45 – BOE’s Bailey Raises Prospect of More Aggressive Rate Cuts
00:27:59 – Netanyahu vows reprisal against Iran
00:30:31 – IDF: 8 Soldiers killed in Lebanon clashes
00:35:10 – Macron Backs Temporary Extra Tax on Large French Companies
00:39:05 – OpenAI Completes Deal That Values Company at $157 Billion
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