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 Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday.
Treasury described the intrusion as a “major cybersecurity incident,” since it was attributed to a state-sponsored actor, according to the letter, which was reviewed by Bloomberg News.
Treasury was notified on Dec. 8 by a third-party software provider, BeyondTrust Inc., that a hacker had gained access “to a key used by the vendor to secure a cloud-based service used to remotely provide technical support for Treasury Departmental Offices (DO) end users,” according to the letter.
The department is being assisted by the Cybersecurity and Infrastructure Security Agency, the FBI, the intelligence community and third-party forensic investigators.
Based on available information, advanced hackers tied to China were behind the incident, according to the letter.
The Chinese embassy in Washington opposes US “smear attacks against China without any factual basis,” it said in an emailed statement.
Chapters:
00:00:00 – Daybreak Europe
00:00:31 – China Economy in Ffocus
00:02:27 – US Treasury Says It Was Breached by Chinese-Backed Hacker
00:06:55 – China’s Factory Activity Expands Again as Economy Stabilizes
00:14:49 – Dollar Rises to Highest Since 2022, Yen Leaps Ahead
00:16:57 – South Korea Issues Arrest Warrant for Impeached Leader Yoon
00:18:38 – Flight Data Recorder for Korea Plane Crash Loses Key Component
00:22:54 – Musk’s Growing Influence Erodes Global Resistance to Starlink
00:27:14 – Trump Tariffs Spell Trade Uncertainty in 2025
00:36:18 – Europe Set for Colder January With Less Wind and Higher Gas Use
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