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 gold rout eases after suffering its biggest intraday drop in more than 12 years. Donald Trump says his meeting with Chinese President Xi Jinping may not happen, as the trade deal deadline approaches. The US President also casting doubt on a second meeting with Vladimir Putin. UniCredit reports third quarter profit and revenue that beat analyst estimates, giving a boost to CEO Andrea Orcel after his unsuccessful bid for Banco BPM. L’Oréal shares in New York dropped after sales disappointed, as US weakness outweighed signs of improvement in China. Netflix says a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.
Today’s guest: Tommy Stadlen, Co-Founder & General Partner at Giant Ventures.
Chapters:
00:00:00 – Daybreak Europe
00:00:52 – Heineken Profit Outlook Narrowed as Beer Sales Fall
00:01:49 – UniCredit Beats as Orcel Reaps Returns From Investments
00:04:09 – Trump: US Plans to Impost 155% Tariffs on Chinese Goods
00:06:50 – China Unveiled Broad New Curbs on Rare Earths
00:08:28 – CORRECT: UniCredit 3Q Net Income Beats Estimates
00:08:54 – Asian Markets Latest
00:11:12 – L’Oréal Sales Disappoint as US Weakness Outweighs China Pickup
00:13:00 – Hermes Growth Rate Likely Slowed in Third Quarter
00:15:19 – Gold, Silver Extend Losses as Equity Rally Stalls
00:18:10 – UniCredit Beats as Orcel Reaps Returns From Investments
00:20:08 – Arm CFO Jason Child on AI Bubble, Challenges
00:26:04 – BOE’s Bailey Warns ‘Alarm Bells’ Ringing in Private Credit
00:28:59 – Trump Says Doesn’t Want ‘Wasted’ Ukraine Meeting With Putin
00:32:02 – Vance Hails Progress on Gaza Peace Accord Despite Violence
00:32:55 – Trump to Buy 1 Million Barrels to Help Refill Oil Reserve
00:33:22 – Wastewater Management Hurts UK to be Science Superpower
00:38:32 – Tommy Stadlen, Giant Ventures Co-Founder & General Partner
00:44:39 – ECB’s Lagarde: Need to Integrate Capital Markets
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