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 is looking for its next trade deal after an initial agreement with the UK stirred up optimism over more tariff relief. But Commerce Secretary, Howard Lutnick is warning that agreements with Japan and South Korea could take ‘an enormous amount of time’.
Investors are focused on the outcome of weekend trade talks between the US and China. President Trump says he believes the negotiations might result in tangible process, with China making concessions.
Meanwhile, Commerzbank’s first-quarter profit unexpectedly rose as the German lender set aside less money than expected for souring loans amid the trade war.
Pope Leo XIV will hold his first mass Friday at the Sistine Chapel, less than 24 hours after being elected.
The Pope, previously known as Cardinal Robert Prevost, is the first north American to lead the Catholic church.
Today’s Guests: Modupe Adegbembo, Economist at Jefferies, Bo Ilsoe, Managing Partner at NGP Capital, Bettina Orlopp, CEO of Commerzbank
Chapters:
00:00:00 – Daybreak: Europe
00:00:58 – Commerzbank Earnings
00:03:16 – US, UK Reach Deal On Trade Framework
00:05:54 – US, China To Hold Trade Talks This Weekend
00:08:16 – Trump: Better Go Out And Buy Stock Now
00:10:43 – Chinese Exports to US Slump 21%
00:11:41 – Bank Earnings Wrap
00:14:10 – Bailey: Hope US Deal Is First Of Many
00:15:02 – Jefferies Economist, Modupe Adegbembo
00:22:33 – Bill Gates Warns On USAID Cuts
00:23:19 – Trump Seeks Tax Hike on Wealthy Earning $2.5MN
00:26:08 – TSMC April Sales Surge After US Tariffs Spur Device Rush Orders
00:27:15 – NGP Capital Managing Partner, Bo Ilsoe
00:32:56 – Commerzbank CEO Bettina Orlopp
00:42:29 – Cardinal Prevost Becomes First US Pope
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