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, US futures rise after the Fed cuts for the first time this year. Two further reductions are penciled in as Chair Jay Powell strikes a cautious tone. The Bank of England is expected to hold rates. The focus turns to its plans for gilt sales, amid bond market volatility concerns. US President Donald Trump is to meet the UK Prime Minister after an evening celebrating the special relationship with the royal family. Meanwhile, Disney’s ABC network has taken Jimmy Kimmel’s late night show off air indefinitely, after a backlash over his comments about the killing of Republican activist, Charlie Kirk.
Today’s guests: Sonali Punhani, UK Economist at Bank of America.
Chapters:
00:00:00 – Daybreak Europe
00:02:17 – Fed Cuts Rates by Quarter-Point; Powell Cites Weakness in Jobs
00:05:33 – Fed’s Dot Plot Shows Wide Dispersion In Future Rates Path
00:06:31 – Asia Stocks Mostly Rise After Fed Cut
00:08:37 – King Charles Raises Ukraine, Climate at Trump Gala
00:11:13 – US Tech Giants Pledge Billions For UK AI, Data Centers
00:14:40 – Tesla Redesigning Door Handles
00:19:07 – EU to Start Talks With UK, Canada on €150 Billion Fund
00:19:35 – Disney Pulls ‘Jimmy Kimmel Live’ Over Host’s Charlie Kirk Remarks
00:20:34 – Bank of America CEO Moynihan on Jobs Market
00:22:20 – Meta Launches $799 Glasses With Screen, AI
00:23:16 – Santos Market Value Falls $2 Bilion After Failed Sale
00:25:55 – Powell Sounds Cautious on Further Rate Cuts
00:27:42 – Fed Governor Miran The Lone Dissenter
00:29:23 – Scott Bessent Also Made Contradictory Mortgage Pledges
00:30:39 – Sonali Punhani, Bank of America UK Economist
00:37:24 – King Charles Emphasizes US-UK Relationship
00:40:07 – Israeli Troops Press Foward Into Gaza City
00:44:49 – 147 Countries Recognize Palestine As a State
00:45:43 – Wide Dispersion in Fed’s Dot Plot
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