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, global stocks tumble on stretched tech valuations and as doubts grow over a Fed rate cut next month. China adds to the gloom with a bevy of weak economic data.
US President Donald Trump is readying substantial tariff cuts designed to address high food prices.
He’s also set to unveil trade deals with Latin American countries to reduce tariffs and barriers on common grocery items. The push comes after key electoral victories for Democrats last week in state and local races where candidates stressed affordability concerns.
Bloomberg has learned that UK Chancellor, Rachel Reeves, is considering dropping plans to raise income tax and a slew of other levies at the coming budget. She is also looking again at whether to proceed with an exit tax on wealthy people leaving the country.
Today’s guests: Siemens Energy CFO Maria Ferraro.
Chapters:
00:00:00 – Daybreak Europe
00:00:25 – Trump Readies Tariff Cuts, Trade Deals in Affordability Push
00:03:53 – China’s Economy Stumbles After Unprecedented Slump in Investment
00:05:18 – Fed Doubts Grow Over December Rate Cut With Kashkari on Fence
00:09:19 – Reeves Considers Major U-Turns on Budget Tax-Raising Plans
00:12:06 – Stocks Drop on AI Valuations and Fed, Pound Slips
00:15:28 – UK Wage Growth Stalls
00:17:52 – Maria Ferraro, Siemens Energy CFO
00:22:37 – UK Wages Subdued in Stabilizing Job Market: Survey
00:23:18 – Blue Origin New Glenn Launches on Nasa Mission
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