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, Presidents Emmanuel Macron and Xi Jinping are meeting in Beijing as part of a three-day visit for the French leader. The pair are expected to discuss a range of issues from economics and trade, to Taiwan and the war in Ukraine.
US President Donald Trump says a meeting between his envoy Steve Witkoff and Vladimir Putin was "reasonably good". But the President acknowledged he doesn’t know what the outcome will be after successive rounds of talks over a deal to end the fighting in Ukraine.
Donald Trump’s allies are considering having Treasury Secretary Scott Bessent take on the additional role of heading the National Economic Council if Kevin Hassett becomes Fed chair, a move that would consolidate Bessent’s oversight of Trump’s economic policies.
Today’s guests: Joyce Chang, JP Morgan Global Research Chair & Glen Gowers, Co-founder and CEO of Basecamp Research.
Chapters:
00:00:00 – Daybreak Europe 12/4/25
00:00:54 – Futures Check
00:02:35 – Japan auctions 30-year bonds
00:05:14 – Macron, Xi meet in Beijing
00:08:34 – ADP says US payrolls fell by 32K jobs in Nov.
00:10:26 – Bessent under discussion to head NEC
00:13:37 – Rio Tinto: Mid-term CapEx guidance 2028+ reverting to less than $10B
00:15:06 – US jobs data fuels Fed rate-cut bets
00:17:56 – European equities to outperform US and EM | Joyce Chang
00:21:42 – Nvidia scores lobbying win on chip export bill
00:22:51 – Salesforce gives strong outlook, touts AI
00:23:07 – Meta poaches Apple’s top designer
00:26:32 – Russia: No compromise on Ukraine after US talks
00:29:31 – Oil traders eye Putin-Modi meeting, Ukraine talks
00:33:41 – Rio Tinto’s new boss lays out cost cuts in strategy overhaul
00:38:26 – Nvidia backs basecamp research
00:40:06 – FDA clears way for faster personalized gene editing therapy
00:44:48 – Mag 7 underperforms mid-caps
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