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    Home » Trump to Name New Fed Governor, Investors Raise Bets on US Rate Cut | Daybreak Europe 8/4/2025

    Trump to Name New Fed Governor, Investors Raise Bets on US Rate Cut | Daybreak Europe 8/4/2025

    webmasterBy webmasterAugust 4, 2025 News 3 Mins Read
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    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, the US President says he’ll name a new Fed Governor in the coming days, following the resignation of Adriana Kugler. Investors raise bets on the Federal Reserve cutting interest rates, with some predicting a bumper cut in September.

    Donald Trump is also set to name a new head of the Bureau of Labor Statistics. Erika McEntarfer was fired on Friday after weak jobs data for July, and steep downward revisions for May and June.

    Plus oil declines as OPEC+ approves another bumper output hike, reversing supply cutbacks a full year ahead of schedule.

    Today’s guest: Amrita Sen, Energy Aspects, Founder & Director of Market Intelligence

    Chapters:
    00:00:00 – Daybreak Europe
    00:01:44 – Asian Stocks Trim Losses on Tech
    00:02:47 – Trump’s Firing Of Jobs Data Chief Criticized
    00:04:55 – Worst Three Months For Job Growth Since 2020
    00:06:03 – Trump: Powell Should Resign, Just Like Krugler
    00:06:49 – Trump To Name New Fed Governor This Week
    00:08:31 – Oil Drops After OPEC+ Supply Hike
    00:10:29 – OPEC+ Officials: All Options Remain On The Table
    00:12:44 – Canadian Trade Envoy Still Sees Chance to Ease Trump’s Tariffs
    00:17:28 – Indian PM Modi Defiant As Trump Steps Up Pressure on Russian Oil Purchases
    00:20:59 – China’s Clean-Tech Stranglehold: BloombergNEF
    00:26:53 – Amrita Sen, Energy Aspects Founder & Director of Market Intelligence
    00:33:27 – Top Trump Officials Visit Gaza
    00:36:08 – EXCLUSIVE: Oliver Zipse, BMW CEO
    00:40:35 – Swiss Brace For Market Reopen After US Tariff Hit
    00:45:05 –
    ——–
    More on Bloomberg Television and Markets

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    RESHAPING HOUSING: Record high number of homeowners don’t have mortgages

    Big Tech’s Meta, Amazon, and Google spent over $112B combined on capex in 2025. 💰

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