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: Diego De Giorgio, Standard Chartered CFO.
On today’s show, Rachel Reeves will pledge to “rebuild Britain” with her first budget, an historic moment that will include a major package of tax hikes and extra borrowing likely to define British politics for the rest of the decade.
Elsewhere, UBS outperformed US and European competitors in its markets business. Equity trading revenue rose 33%, more than at peers. The smaller fixed income business is up 26%, while seven of its biggest rivals saw that business come in pretty much flat on average.
Chapters:
00:00:00 – Daybreak Europe
00:00:43 – Harris and Trump Engage In Final Rallies Ahead of US Election
00:01:16 – Nasdaq Hits New Record High
00:03:59 – UBS Ultimately Wants to Buy a US Wealth Manager, Kelleher Says
00:04:22 – UBS Wealth Management, Non-Core Unit in Focus
00:07:01 – Japan Boosts Asian Stocks, Gold Hits Record
00:08:59 – Alphabet’s Pricey AI Bet Pays Off With Growth in Cloud, Search
00:10:53 – AMD Tumbles After AI Chip Growth Fails to Inspire Investors
00:12:09 – Reeves to Raise Taxes to ‘Rebuild’ UK in High-Wire First Budget
00:16:49 – Harris Closing Pitch From Jan. 6 Site Casts Trump as Danger
00:18:10 – Trump Hits Harris on Border in Bid to Blunt Puerto Rico Fury
00:22:48 – US Consumer Confidence Rises Most Since 2021 on Labor Market
00:30:02 – Stanchart Upgrades 2024 Income Guidance
00:37:47 – EU Imposes Tariffs on China EVs, Risking Retaliation
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