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, stocks in Asia gain on tech optimism, with TSMC earnings in focus. The world’s biggest contract chipmaker reported third quarter net income that was more than 10% better than expected, while gross margin of 59.5% was well above estimates. Confidence in demand for AI outweighed renewed tensions between the US and China. President Trump said the two countries are indeed engaged in a trade war, though Treasury Secretary Scott Bessent says an extension to the 90-day tariff pause is possible.
Today’s guests: Karl Havard, Nscale, Chief Commercial Officer & Arsalan Tavakoli-Shiraji, Databricks, Co-Founder & SVP, Field Engineering.
Correct: An on screen graphic incorrectly stated that Australian unemployment is the highest since 2011. It is the highest since 2021, as referenced verbally by the reporter.
Chapters:
00:00:00 – Daybreak Europe
00:03:29 – Asian Stocks Gain After Choppy Day on Wall Street
00:06:12 – Trump Declares Trade War With China
00:07:18 – Bessent Floats Longer-Term China Truce After Rare Earths Gambit
00:09:28 – Rare Earth Minerals In Focus Amid US-China Trade Talks
00:11:20 – Traders Ramp Up Bets on Half-Point Fed Rate Cut by Year-End
00:15:42 – IFS: Reeves Needs £50B Billion Buffer to End UK Tax Hikes
00:18:14 – Trump: Modi Has Committed to Stop Russian Oil Purchases
00:18:44 – Trump Confirms Report He Authorized CIA Action in Venezuela
00:19:08 – Canada Threatens to Sue Stellantis Over US Jeep Work Move
00:19:58 – Wall Street Banks Notch $15B 31 Trading Haul
00:20:27 – Dimon Cockroach Barb Bursts Uneasy Truce With Private Credit
00:21:24 – JPMorgan’s Rohrbaugh Says It’s ‘A Lot More’ Cautious on Credit
00:22:49 – Griffin Says GenAI Fails to Help Hedge Funds Beat Markets
00:23:11 – Major Breach of Cyber Firm Blamed on China
00:24:51 – TSMC 3Q Earnings Update
00:26:08 – Pernod Ricard Earnings Update
00:28:09 – Karl Havard, Nscale COO
00:32:49 – Arsalan Tavakoli-Shiraji, Databricks Co-Founder & Field Engineering SVP
00:41:04 – TSMC Raises Sales Outlook to Convey Confidence in Global AI Boom
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