Bloomberg Daybreak: Europe Edition

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the U.S CPI and PPI reports and a focus on 3 stocks for the week ahead. In the UK – a look ahead to the next decision from the European Central Bank. In Asia – a look ahead to the 18th BRICS Summit in India. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Volkswagen's supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker.(2) Reform UK leader Nigel Farage’s hopes of using a keynote speech at his party’s annual convention to arrest a slide in opinion polls were upended after two of his closest allies were covertly filmed discussing avoiding electoral law to secure foreign donations.(3) OpenAI Chief Executive Officer Sam Altman says top artificial intelligence developers have fumbled at communicating the benefits of the technology, leaving the industry vulnerable to growing backlash from communities around the world.(4) South Korea has begun preparations for a possible deployment of a naval support ship and troops to the Strait of Hormuz, local media reports said, as President Donald Trump ramped up pressure on the US ally over its lack of support for the war with Iran.(5) At the Marché International de Rungis, the giant wholesale food market known as “The belly of Paris,” cheese supplier Philippe Ammiche finds it increasingly difficult to navigate the endless stacks of boxes from Italy.Podcast Conversation: Gen Z’s Distaste for Bubbly Booze Remakes Canned Cocktail MarketSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Europe is nearing the end of summer with a low natural gas buffer, threatening to intensify a global fight for supply.(2) As Britain’s borrowing costs rise and hostilities flare between the US and Iran, the sums for Chancellor of the Exchequer John Healey’s debut budget are getting trickier by the day.(3) European officials vowed to boost Ukraine and penalize Russia as tensions flared following Germany’s accusation that Moscow tried to sabotage a local airport.(4) Broadcom predicted a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.’s dominance in the lucrative market.(5) Driverless taxis have been operating in US cities like San Francisco and Los Angeles for a while now, but the higgledy-piggledy, rainy streets of London present a far greater challenge.Podcast Conversation: Does Splurging on Joy Give You a Guilt Hangover?See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The yield on 30-year US government bonds climbed back to levels seen just before Treasury Secretary Scott Bessent expanded a buyback program in an effort to contain long-term borrowing costs.(2) UK Prime Minister Andy Burnham was confronted by the harsh reality of Britain’s weak public finances on his return to parliament on Tuesday as the global selloff in government bonds left him facing a £12 billion problem(3) The conflict between the US and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and Iran saying it had retaliated.(4) Treasury Secretary Scott Bessent said China prevented the Group of 20 from issuing a joint communique after a gathering of finance and central bank chiefs this week due to a dispute over its giant trade surplus.(5) Nvidia is in advanced talks to acquire artificial intelligence startup Hugging Face in a transaction that may total about $14 billion, according to people familiar with the matter. Podcast Conversation: Dyson Debuts $499 AI-Powered Toothbrush With a Built-In CameraSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US Army Secretary Dan Driscoll is stepping down after repeated clashes with his boss, Pete Hegseth, leaving the service without several top leaders even as the conflict with Iran continues.(2) Shein struggled in its Hong Kong debut after a years-long process to an initial public offering that eventually valued the company at a fraction of what it was once worth and still left investors questioning its value as consumer play.(3) US Treasury Secretary Scott Bessent told Japanese Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that the Asian country’s next step should be to raise interest rates, NHK reports, citing an interview with a US official.(4) Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia , part of an effort to quickly expand its AI capacity, according to a person familiar with the matter.(5) Superstar Lionel Messi announced his retirement from Argentina’s national team after more than two decades, marking the end of an era for the football-obsessed South American nation.Podcast Conversation: US Economy Needs Clusters Like Silicon Valley: Allison SchragerSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US and Iran exchanged strikes for the first time in about a month as American forces hit Iranian rocket launchers and the Islamic Republic responded by firing missiles toward Jordan.(2) President Donald Trump’s plan to seize direct control of Venezuela’s oil reserves is prompting warnings that the Latin American nation will become a modern-day resource colony akin to the so-called banana republics of a century ago — something that could create long-term risks for oil companies operating there.(3) Bond investors at firms including ABN AMRO Investment Solutions and Brandywine Global Investment Management are voicing skepticism about mounting speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates.(4) Icelanders narrowly turned down reopening membership talks with the European Union in a divisive referendum, as concerns over retaining control of the island nation’s natural resources eclipsed the case for closer alignment with Europe.(5) Chancellor Friedrich Merz warned that Germany’s eastern Saxony-Anhalt region will suffer economic damage if the far-right AfD party wins control of the state’s government next Sunday.Podcast Conversation: Welcome to the Don’t Ask, Don’t Tell AI EconomySee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the August jobs report and a focus on 3 stocks for the week ahead. In the UK – a look ahead to state elections in eastern Germany. In Asia – a look ahead to South Korea inflation data. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A chorus of investors is urging Federal Reserve Chairman Kevin Warsh to provide a strong rebuke of high inflation to boost the long end of the Treasury market.(2) Federal Reserve officials continue to send mixed signals on their outlooks for inflation, with some arguing higher interest rates are needed to tame prices while others signaled less urgency.(3) France’s first presidential election debate was largely consumed by bickering among the candidates on how to deal with the country’s swelling debt, including a dispute over a far-left proposal to simply cancel a portion of it.(4) Nvidia added $442 billion to its market value on Thursday in the second-largest one-day gain by any stock in history.(5) The Trump administration must lift its ban on Anthropic's artificial intelligence technology for federal agencies, a US judge ruled.(6) President Donald Trump announced he was moving to rename Lake Ontario as Lake America, escalating his clash with Canada after trade negotiations between the two nations collapsed.(7) UEFA, Europe’s governing football body, said that it’s pursuing a criminal case against FIFA President Gianni Infantino in Switzerland, intensifying the fallout from his failed plan to monetize the World Cup.(8) US Money Pours Into English Football. But Can It Fix the Wi-Fi?Podcast Conversation: Dua Lipa’s Sunny Hill Festival Puts Kosovo on the Music MapSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Nvidia, the chipmaker at the heart of the artificial intelligence boom, gave a bullish sales outlook for fiscal 2028, easing concerns that AI spending is poised to lose momentum.(2) Iran’s military said it reached a revenue-sharing agreement with Oman on the Strait of Hormuz, as Tehran and Washington’s standoff over control of the crucial waterway continues.(3) Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three people close to the Kremlin.(4) Meta said it agreed to pay up to $18 billion in landmark settlements to resolve social media claims from US states that would require the company to make major changes to how it operates platforms like Facebook and Instagram.(5) A Barclays survey has found that this year’s heat waves measurably impacted the investment plans of businesses and conduct of consumers in the UK.(6) As many as 230,000 adults in two districts of Malawi are each receiving about 1.2 million kwacha, or almost $700, and they can do whatever they want with it.Podcast Conversation: As Data Centers Hum and Whine, Acousticians Are in High DemandSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, according to a joint statement carried by the Oman News Agency, as the two sides press ahead with long-running talks over navigation through the key waterway.(2) The Trump administration is discussing additional trade penalties against Canada after Prime Minister Mark Carney unveiled dollar-for-dollar retaliation to new tariffs imposed by the US on Saturday.(3) Treasury Secretary Scott Bessent’s surprise plan to tamp down US borrowing costs by expanding bond buybacks may have sparked fierce debate about its ultimate effectiveness, but key market metrics and positioning show that it’s having an impact.(4) Nvidia will deliver its quarterly earnings report on Wednesday, updating investors on the state of the AI industry’s massive data center expansion — and the company’s efforts to remain at the center of that frenzy.(5) Meta and state attorneys general have discussed a possible mid-trial settlement of a blockbuster case accusing the company of deliberately designing Facebook and Instagram to addict teens, people familiar with the matter said.(6) The images of thousands of people swimming into the Spanish territory of Ceuta from Morocco at the end of July were seen around the world. As politicians trade barbs in cities far away, Ceuta is still grappling with the real-life consequences of that day.Podcast Conversation: Dolly Parton, the effervescent and glamorous “Queen of Country” who emerged from extreme poverty in rural Tennessee to become one of America’s most distinguished songwriters and wealthiest self-made women, has died. She was 80.See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of what he called an “economic D-Day” campaign to isolate the Islamic Republic and end nearly six months of war.(2) UK Prime Minister Andy Burnham said he and other European leaders plan to travel to the US next month to lobby President Donald Trump to let Ukraine access some of its Patriot air defense missile stocks ahead of the winter.(3) The UK became the first foreign nation to gain access to Ukraine’s vast trove of battlefield data in a deal designed to train artificial intelligence models and develop fresh military capabilities.(4) The trade war between the US and Canada erupted into an extraordinary exchange of insults and threats between President Donald Trump and Doug Ford, the leader of Ontario.(5) Treasury Secretary Scott Bessent refrained from any further signals on revamping US debt management on Monday, following a report that his department could draw down some of its cash pile to fund buybacks of higher-yielding older securities.(6) Saudi Arabia plans to build a theme park complex near Paris that will include at least one area dedicated to Japanese manga comic books.(7) Recruiters are facing a problem they may have once wished for: Every resume is perfect. Artificial intelligence tools have made it easy to submit a flawless job application, so employers are bringing back traditional techniques to sift through candidates.Podcast Conversation: More Cheese, Please — Japan’s Guilty ConsumptionSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before the midterm elections after trade negotiations collapsed, according to people familiar with the matter.(2) Oil dropped after two weeks of gains, with the market waiting to see the US economic isolation plan for Iran due to be released later Monday.(3) It’s a crucial week for markets, with investors looking to Fed Chair Kevin Warsh’s comments at Jackson Hole, Wyoming, for clues on the path for interest rates as elevated oil prices stoke inflation pressures and bond yields soar to multi-decade high.(4) Ukraine offered Russia a truce on attacks against ships carrying agricultural commodities through the Black Sea, but Moscow rejected the deal because it wanted guarantees against strikes on its energy infrastructure, Ukrainian President Volodymyr Zelenskyy said.(5) Donald Trump’s family is on the verge of having its very own bank. t’s now easier than at any time in almost 20 years to get a national bank charter, thanks to the Trump administration’s deregulation push.(6) Investment in UK financial technology firms fell to the lowest level since at least 2016 in the first half of this year, as funders flock to companies tied to artificial intelligence and can show long-term growth.Podcast Conversation: Retailers Want AI to Solve Online Shopping’s Biggest ProblemSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to Fed Chair Kevin Warsh’s speech in Jackson Hole and earnings from chip giant, Nvidia. In the UK – a look ahead to a key meeting of French business leaders as they count down to a pivotal Presidential election. In Asia – a look ahead to Tokyo inflation See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US equity market is in bubble territory, with metrics such as the Shiller cyclically adjusted price-to-earnings ratio, the real equity risk premium, and the Buffett Indicator pointing to overvaluation.(2) Anthropic expects to match or beat the size of SpaceX’s record-setting initial public offering, according to people familiar with the matter, in the latest sign of overwhelming demand from investors looking to profit from the artificial intelligence boom.(3) Treasury Secretary Scott Bessent said that he’s prepared to expand efforts to buy back costlier debt and that the administration will be unveiling a new fiscal initiative to address the highest borrowing costs in year(4) Oil headed for a substantial weekly gain, as a US push to isolate Iran’s economy raised the specter of further market disruption.(5) France’s fiscal deficit would widen by at least 0.5% of economic output if political divisions prevent the adoption of a 2027 budget before presidential elections, the state’s finance auditing body cautioned.(6) British consumers are more confident than at any point since Labour took power two years ago, further evidence that the national mood has improved since Andy Burnham took over as prime minister in July.Podcast Conversation: How Dachshunds  Became One of the World's Hottest BreedsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A spate of compelling releases at budget prices have made China the frontrunner in the race for global adoption.(2) China is using new legal powers to block European Union scrutiny of alleged state support for its companies, adding friction ahead of an October deadline to resolve outstanding trade disputes.(3) JPMorgan strategists warned that markets may view the US Treasury’s surprise effort to curb long-term borrowing costs as lacking credibility, potentially pushing up the term premium and yields over time.(4) Total US public debt surpassed $40 trillion for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide fiscal deficits.(5) The UK’s Green Party has said it wants to apply a 38% windfall tax on banks, adding to the pressure from the left on Prime Minister Andy Burnham to target the City of London.(6) The Duke and Duchess of Sussex are planning to move back to the UK, BBC News understands.Podcast Conversation: Apple Must Heed Lessons of Meta’s ‘Pervert’ Glasses: Dave LeeSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A global selloff in semiconductor stocks deepened as investors retreated from one of the year’s hottest trades amid elevated bond yields and geopolitical uncertainty. Treasuries gained modestly following recent losses.(2) US President Donald Trump insisted Tuesday that there were no talks ongoing with Iran, leaving the simmering conflict in the Middle East and control of the Strait of Hormuz stuck in limbo.(3) The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement to resolve a broader trade dispute that had plunged relations to a fresh low.(4) Swiss voters are set to reject an initiative to strengthen the country’s neutrality in a ballot next month that Russia has tried to sway with jibes about the country’s actions during World War II.(5) Rising temperatures in the ocean now have the potential to cause intense storms in Europe later this year, according to new research.(6) A high-ranking FIFA council member has withdrawn his support for Gianni Infantino, citing the dismissal of fellow executive Kevin Lamour as the “final straw.”(7) Investors are throwing their support behind Ukraine and pocketing some of the most lucrative gains in bond markets.Podcast Conversation: LinkedIn Users Are Rewriting the Past to Land JobsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Longer-maturity bonds are at the epicenter of investor angst about everything from inflation to the debt-laden artificial-intelligence boom — and governments are paying the price.(2) The prospects for peace in the Middle East suffered a fresh setback, with President Donald Trump saying he’s not interested in extending the expiring agreement with Iran and tensions flaring anew in the Strait of Hormuz.(3) Russia’s hybrid war in Europe has already begun, Latvian President Edgars Rinkevics said, following warnings of Moscow’s attempts to intimidate nations supporting Ukraine.(4) China’s economy showed across-the-board weakness in July and growth likely slipped further below the government’s annual target, sparking a call from Premier Li Qiang on officials to ramp up supportive measures.(5) Meta Platforms is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users.(6) Anthropic is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter, up more than sevenfold from its pace at the end of last year.(7) Mike Ashley's Frasers Group has built a real estate empire and now owns around 8 million square feet of retail park and shopping center space, part of what the company’s CEO Michael Murray said is a 16 million-square-foot portfolio worth £2 billion.Podcast Conversation: America Has More Money, Europe Has Better MannersSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) JPMorgan Chase's Jamie Dimon warned UK Chancellor of the Exchequer John Healey in a call last week against higher taxes on banks as Prime Minister Andy Burnham’s government prepares its budget for October, the Financial Times reported.(2) Europe's lenders are hopeful the European Commission will tackle some of their biggest complaints. The continent is weighing a deregulation push after President Donald Trump’s administration vowed to unshackle banks from what it sees as excessive curbs introduced after the 2008 financial crash.(3) President Donald Trump said he’s told the Pentagon to “substantially reduce” joint military exercises with South Korea, indicating his shift was driven by frustration the longtime US ally hadn’t provided more support for his war with Iran.(4) Middle Eastern oil producers are pressing ahead with shuttling large volumes of crude out of the Persian Gulf, helping keep a lid on prices and assuaging fears of an energy-driven inflation spike, even as the Iran war drags on.(5) French Prime Minister Sebastien Lecornu will hold a crisis meeting Monday to respond to the cyberattack disclosed last week targeting the country’s tax collection agency.(6) Emergency services were attempting to control a large wildfire in the east of Belgium on Sunday, after the blaze destroyed about 2,700 hectares (6,700 acres) of a nature reserve and forced about 600 residents to evacuate in an area near the German border.Podcast Conversation: For Chefs and CEOs Alike, Vision Is PricelessSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to S housing data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to Europe inflation and PMI data. In Asia – a look ahead to why the persistent weakness of the yen is a troubling issue for Japan’s policymakers. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Nigel Farage is returning to Parliament after winning an election designed to turn the page on questions over his personal finances that saw the Reform UK leader go head-to-head against a satirical candidate dressed as a trash can.(2) The US government sold 30-year bonds at the highest interest rate in a quarter century, a testament to investors’ demand for greater compensation to finance the nation’s growing deficit.(3) UK Prime Minister Andy Burnham faces a dilemma over how to cut the cost of living while rebalancing business taxes toward larger companies. Hitting some bigger firms might cause them to pass prices onto consumers.(4) OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, according to people familiar with the matter, roughly doubling its run rate from the end of 2025 and bolstering the company’s plans for a Wall Street debut.(5) Poland said its security services prevented the assassination of a US citizen originally from Ukraine that was ordered by Russian intelligence.(6) An unusually powerful El Niño is raising the odds that 2026 will surpass 2024 as the world’s hottest year on record, and regardless, 2027 is expected to set a new high, according to a monthly analysis of global weather data by Berkeley Earth, a nonprofit research group.(7) Heat wave warnings are still in place in much of Europe today, although the peak in temperatures has now passed in France and the UK. The more frequent extreme weather events are pushing forecasters into using new technologies.Podcast Conversation: Cats and Dogs Are Now Being Given Anti-Aging Drugs, PeptidesSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Russia may escalate attacks against the Baltic States and Poland, a European intelligence official said, amid rising concern that Moscow wants to further intimidate nations supporting Ukraine.(2) A $42 billion auction of 10-year US Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the US government.(3) Prime Minister Sanae Takaichi’s government is supportive of a near-term rate hike by the Bank of Japan, with the next move likely either in September or October, according to people familiar with the matter.(4) Global stocks climbed toward a record and bonds extended gains as a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve. Brent snapped a six-day rally.(5) The US military campaign against Iran has so far failed to force the regime to capitulate. The Trump administration is betting once again that suffocating economic pressure will do the job.(6) Europe’s fifth heat wave of the summer is set to peak Thursday, the latest in a string of extreme weather events that have strained health systems and energy networks across the region.(7) The black box around Xi Jinping’s corruption crackdown has long fueled political gossip in China. Now, an underground market is emerging for selling purported secrets on who might be next to fall.(8) Toms Kreicbergs worked on Wall Street before returning to his native Latvia, where he writes science fiction and engages in an enterprise almost as fanciful: trying to get more of his fellow citizens to invest in the stock market. In countries big and small, the European Union is chasing a dream: Its savers, with €11 trillion stashed in bank accounts, will finally develop a lust for stock and bond markets and pump money into businesses across the region, powering both European growth and their own prosperity.Podcast Conversation: China Pioneered 90-Second Microdramas, and Hollywood Wants InSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Oil advanced for a sixth day on skepticism about the prospects for a deal that would restore energy flows through the Strait of Hormuz, despite an upbeat assessment from some officials.(2) Pakistan’s defense minister said the US and Iran are “close to some sort of arrangement” over the Strait of Hormuz, even after both sides appeared to toughen their positions in the long-deadlocked negotiations. (3) The yen edged closer toward a key level against the dollar, raising concerns over Japanese authorities stepping in again to prop up the currency. (4) CoreWeave, a provider of computing that powers artificial intelligence systems, soared in late trading after the AI spending frenzy spurred faster sales growth than anticipated. (5) Night will fall on Europe’s power system a bit early Wednesday evening, as an eclipse is set to block solar generation across parts of the UK and western Europe.(6) Around 90,000 of London’s white-collar jobs are poised to transfer to other parts of the UK over the next five years, as Prime Minister Andy Burnham’s devolution drive and the capital’s cost pressures encourage businesses to shift work elsewhere.Podcast Conversation: Curry Dish, Not Big Mac, Captures Just How Weak Yen Is, BNY SaysSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast: (1) Another wave of intense heat is set to sweep across an already parched Europe this week, raising wildfire risks, threatening crops and drying watersheds feeding the region’s critically low rivers.(2) British shoppers retreated during the July heat wave, prioritizing small treats and cutting back elsewhere as the recent consumer boost showed signs of fading.(3) US President Donald Trump made sweeping new demands on Iran after Tehran reiterated requests for reparations as part of talks to wind down the conflict, dimming hopes of a quick deal that would reopen the Strait of Hormuz.(4) An Iranian assassination threat against President Donald Trump prompted an extraordinary operation last month in which he flew secretly from Turkey on an alternate military aircraft while the White House said he was aboard Air Force One, The Washington Post has learned.(5) US investment giants including Apollo Global Management, Blackstone, BlackRock. and Brookfield Asset Management are partnering with Nvidia to source $500 billion in financing for artificial intelligence infrastructure. Podcast Conversation: UK Wildfires Are Here to Stay. We Have to Adapt: Lara WilliamsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Economic growth in the euro zone is set to quicken after showing surprising resilience to the Iran war, according to a Bloomberg survey of analysts.(2) Iran promoted a hard-line ex-commander as its top security official, shaking up its highest decision-making body on national defense after saying it was “very close” to a deal with Oman over shipping through the Strait of Hormuz.(3) The alleged leader of an Irish organized crime gang, Daniel Kinahan, has been extradited to Ireland from Dubai to face allegations that he ran an international drug smuggling and money laundering empire.(4) Hiring at British businesses held steady in July, ending a downturn stretching back to the Liz Truss crisis in 2022, according to a closely watched survey.(5) Prime Minister Andy Burnham is embarking on a nationwide tour to promote new policies aimed at reducing the cost of living, just as controversy over his prisons policy threatens to end the honeymoon he’s enjoyed since taking office.Podcast Conversation:YouTube Stars Are a Hip New Asset Class: Lionel LaurenSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with a focus on 3 stocks for the week ahead. In the UK – a look at some of Europe's biggest energy companies on their recent performance. In Asia – a look ahead to a monetary policy decision from the Reserve Bank of Australia. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) European natural gas jumped as traders awaited the US response to an Iran-Oman agreement on the Strait of Hormuz, while the continent faces pressure to replenish gas inventories before winter.(2) Extreme heat has killed more than 25,000 people across Europe this year, according to the latest available data compiled by Bloomberg.(3) The US blindsided the European Central Bank last week with its historic currency intervention to help Japan, only informing its counterparts in Frankfurt after it sold euros to buy the yen, the Financial Times reported, citing several people familiar with the matter.(4) Andy Burnham’s government declined to rule out increasing bank taxes in its upcoming budget, as bumper profits among lenders prompt speculation that the new administration will target City of London firms.(5) Meta Platforms was ordered Thursday to pay $567 million to the state of New Mexico and implement changes to protect minor users after a state court judge sided with the state’s attorney general in a landmark trial.(6) A highly anticipated new device from OpenAI will have a unique look, complete with moving parts that help give it personality, and likely cost more than $300, according to people familiar with the matter.(7) Coming off its most lucrative World Cup ever, FIFA is exploring selling US media rights for the next two tournaments together that would keep the controversial hydration breaks that boosted ad revenue, according to a person familiar with the matter.Podcast Conversation: What Happens When Smoke Gets in Your WinesSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter.(2) Just days after his hedge fund was on the brink of collapse, Leopold Aschenbrenner has made his return to the investing scene, plunking down $400 million to back a privately held company, according to people familiar with the matter.(3) Iran said it had reached an agreement with Oman on a proposed route for shipping through the Strait of Hormuz, a potential step toward a reopening of the critical waterway for energy supplies.(4) Commerzbank unveiled a fresh share buyback as Chief Executive Officer Bettina Orlopp seeks to demonstrate that her strategy delivers strong returns while Italian rival UniCredit is preparing to control.(5) Germany’s Leipzig-Halle airport, a major hub for transporting cargo and military equipment, temporarily suspended flights after an armed drone was found overnight and a cargo plane collided in midair with a small, unidentified object.(6) FIFA said Wednesday it had apologized for errors made over Gianni Infantino’s failed plan to sell stakes in the World Cup and that senior staff in attendance at a crisis meeting in Morocco “reaffirmed their full support” for his presidency.(7) As President Vladimir Putin’s full-scale invasion of Ukraine extends for a fifth year, Russian businesses can no longer afford to keep pace with the Kremlin’s war machine in the wage race.Podcast Conversation: Come to Edinburgh and Eat … GelatoSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) SpaceX’s stock fell after it disclosed higher-than-expected spending on its artificial intelligence business, overshadowing an inaugural quarterly report that broadly surpassed Wall Street forecasts.(2) Advanced Micro Devices Inc. tumbled in late trading after giving an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.(3) Artificial intelligence models developed by OpenAI and Anthropic PBC carried out “unsanctioned” actions — including hacking a website and attempting to inject harmful code into software during safety testing — reinforcing fears that neither the creators nor seasoned researchers of these systems can predict their actions in testing.(4) President Donald Trump discussed efforts to de-escalate US-Iran tensions with Qatar’s Emir Sheikh Tamim Bin Hamad Al-Thani in a call Tuesday, according to the Gulf state’s government. A White House official confirmed the call, but didn’t offer additional details.(5) Former senior officials from the UK, France, Germany and Russia met in Vienna last month to explore potential conditions for peace talks to end Moscow’s war on Ukraine, according to people familiar with the matter.Podcast Conversation: ‘Refrigerator for Humans’ in Japan Offers Summer Scorcher ReliefSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) HSBC announced a fresh stock buyback and raised its cost-cutting target as it reported second-quarter earnings that beat estimates despite China’s crackdown on cross-border wealth flows.(2) The Rhine River’s water levels dropped to the lowest in nearly 150 years as hot, dry weather grips Europe, threatening to disrupt a crucial route for transporting coal, fuel and industrial commodities across a large swath of the continent. (3) President Donald Trump said his latest offer of talks is a “last chance” for Iran after he called off what he said was a major attack on the Islamic Republic.(4) The Iran war's impact is unfolding across Asia and it's visible from space. Bloomberg Economics analysis of NASA satellite imagery found that nearly 60% of the land area in the region experienced abnormal declines in nighttime radiance since the conflict began.(5) The EU will try to restore unity today at a meeting of home affairs ministers, after Spain's migrant crisis exposed deep divisions within the bloc.(6) Treasury Secretary Scott Bessent’s call for the Federal Reserve to boost a facility that Japan can use to support its currency has put renewed attention on the ties between the two institutions, which typically operate at arm’s length.(7) Apple is yet again challenging the UK government in court over its attempts to access the encrypted data of customers, including iPhone users, according to two people familiar with the matter.Podcast Conversation: Americans Are Rethinking Their Love Affair With Plant MilksSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump said new Iran talks would begin Monday afternoon after he called off a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia.(2) The yen rallied sharply on Monday amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.(3) The UK government has more than doubled the number of crime agency officers deployed to combat human smuggling in the past 18 months as it steps up efforts to stop the gangs behind illegal migration.(4) The Spanish port of Ceuta over the weekend no longer looked like a city on edge, but residents were still rattled by the events of last week. Nearly all of the around 60,000 people who crossed have been returned to Morocco, but the humanitarian crisis has reignited a debate around immigration in Europe.(5) AstraZeneca has explored an acquisition of Bristol Myers Squibb, a megadeal that would create one of the world’s largest drugmakers, according to people familiar with the matter.(6) Two helicopters collided in Greece’s Attica region, as they fought to contain a wildfire sweeping through a mountainous coastal area bedecked with forests.(7) The evidence suggests that devolution is no panacea. But studies from Harvard and the Organisation for Economic Cooperation and Development are backing up new UK Prime Minister Andy Burnham's central theory of putting power in the hands of regional governments. Podcast Conversation: AI Adoption Is Dividing Friends, Families and Co-WorkersSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the July jobs report in the U.S with a focus on 3 stocks for the week ahead. In the UK – a look ahead to some of the most consequential earnings releases of the year in Europe. In Asia – a look ahead to key economic data for Vietnam in the week ahead, including numbers on consumer prices and trade. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Leopold Aschenbrenner's hedge fund, Situational Awareness, was forced to sell billions of dollars of technology investments that had rapidly lost value, as nervous banks began to demand more collateral for his trades. (2) Anthropic said its artificial intelligence models breached three organizations during cybersecurity tests that went awry, a little more than a week after its chief rival, OpenAI, disclosed a similar incident.(3) Apple tumbled in late trading after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.(4) The yen gave up more of its intervention-driven gains after the Bank of Japan left interest rates unchanged, with traders turning their attention to whether Governor Kazuo Ueda can offer support for the currency at his press conference later Friday.(5) UEFA, Europe’s football governing body, on Thursday approved a boycott of FIFA tournaments if President Gianni Infantino proceeds with his plans to sell stakes in a new commercial entity to investors.Podcast Conversation: London’s Former Seats of Power Reopen as Luxury HotelsSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The message from the bond market was clear: For all of Federal Reserve Chairman Kevin Warsh’s tough talk about taming inflation, he’s in no rush to use the power of the central bank to do it. The Fed kept interest rates unchanged for a seventh straight month, prompting investors to dump 30-year Treasury bonds and send the yield up to nearly 5.23%, a 19-year high.(2) The Bank of England is set to leave interest rates on hold as it sticks to a wait-and-see approach to navigate the wild swings in oil and gas prices.(3) The US launched a new wave of strikes against Iran in response to attacks on American military bases in the Middle East, escalating a conflict that has spread across the region.(4) Samsung posted a 250-fold surge in chip profits and now expects memory shortages to worsen next year, reflecting the relentless pace of a global AI infrastructure buildout.(5) Meta Platforms gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn’t swiftly benefiting from its massive outlay on artificial intelligence.Podcast Conversation: Once You’ve Heard ‘Luxury Voice,’ You Can’t Unhear It: EssaySee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US said it intercepted an Iranian attack on military bases, ending a dayslong pause in fighting and increasing the risk of a return to full-blown war in the Middle East.(2) SK Hynix earmarked at least $31 billion in capital spending this year after reporting a six-fold surge in quarterly profit, a record outlay that coincides with growing fears about overinvestment in AI capacity.(3) An OpenAI artificial intelligence agent that breached systems at the startup Hugging Face Inc. earlier this month also compromised a customer of the technology company Modal. (4) Firefighters in Spain and France are racing to contain wildfires threatening Madrid and Bordeaux as Europe’s fourth heat wave of the summer hinders efforts to bring the blazes under control.(5) UEFA is considering a boycott of FIFA events, according to a person familiar with the matter, in a seismic rift between the most powerful governing bodies of football. Podcast Conversation: Runners Splurge on $350 Shorts, $140 Moth-Hole Tees to Look GoodSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A global selloff in semiconductor stocks deepened on Tuesday, as fresh signs of China’s progress in advanced chipmaking and mounting concerns over the artificial intelligence spending boom sparked another wave of selling across the sector.(2) France and Spain are studying ways to pump money into regions hit by massive wildfires over the past week even before the conflagrations are fully contained.(3) LVMH’s key fashion and leather goods unit, home to Louis Vuitton and Dior, barely eked out sales growth last quarter as the conflict in the Middle East deterred wealthy shoppers.(4) Labour Members of Parliament warned Andy Burnham he will lose the support of his governing party if he approaches welfare reform with a focus on “punitive” cuts, as Britain’s new prime minister prepares to announce plans to alleviate rising youth unemployment.(5) The UK shared its “Stone Cloak” technology capable of jamming Russian air defence systems with Ukraine as President Volodymyr Zelenskyy became the first foreign leader to visit Britain for talks with new Prime Minister Andy Burnham.Podcast Conversation: Midlife Wants Comfort. Your Brain Wants Friction: Abby McCloskeySee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) More than 300,000 people have fled their homes in towns and villages across France and Spain even as wildfires threaten the major cities of Madrid and Bordeaux, and as a new blaze erupted in the Vall d’Uixó region in Spain’s east.(2) The US paused an almost two-week run of strikes against Iran for a second night while the Islamic Republic signaled it was refraining from any retaliatory attacks and held talks with Oman over the Strait of Hormuz.(3) ⁠⁠Oil sank as the US and Iran paused strikes, easing tensions in the five-month-old conflict, even as the Houthis claimed attacks against Saudi targets and ship-tracking suggested flows remained constrained.(4) The suspect in Saturday’s deadly van attack on Berlin’s LGBTQ pride event was shot dead early Sunday evening in a police operation in the German capital, city officials said.(5) CXMT’s shares opened 472% higher in their Shanghai debut on Monday, making the memory chipmaker China’s largest onshore-listed company as investors flock to beneficiaries of the AI boom.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next decision from the Federal Reserve and a preview of three tech stocks for the week ahead. In the UK – a look ahead to the next monetary policy decision from the Bank of England. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan.  See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was pierced by the Supreme Court.(2) President Donald Trump threatened to escalate strikes on Iran and said he’d hold the country responsible for any further attacks by the Yemen-based Houthis on ships in the Red Sea, as the widening Middle East war puts new strain on global energy supplies.(3) Wall Street is growing increasingly concerned about the hundreds of billions of dollars Big Tech is spending on artificial intelligence just as the resurgence of the war in Iran clouds the global macroeconomic outlook.(4) European Central Bank officials are prepared to raise borrowing costs in September unless the euro-zone inflation outlook improves markedly, people familiar with the situation said.(5) Prime Minister Andy Burnham will open a new branch of 10 Downing Street in north-west England on Friday in an attempt to demonstrate his vision for devolving power away from London.(6) When the Trump administration shut down USAID, officials rejected warnings that ending the agency's work would put lives at risk. Now, a Bloomberg investigation has linked an unfinished US-funded irrigation project in Kenya to the worst flooding one village has experienced in at least a decade.(7) Adeel Khan is steering Barclays’ trading business through one of the trickiest balancing acts in the industry.Podcast Conversation: Solo Diners Are the Face of 'Me-conomics'See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The Houthis, a militant group in Yemen who have been threatening to open another front in the Iran war, said they had targeted two oil tankers in the Red Sea.(2) The European Central Bank will probably keep interest rates on hold on Thursday, buying time to assess the fallout of renewed fighting in the Middle East.(3) The US and Saudi Arabia finalized a long-sought nuclear technology-sharing deal that could allow American companies to build reactors in the kingdom, but cracks the door open for the country to enrich its own nuclear reactor fuel.(4) Alphabet set the tone for Big Tech earnings with a higher spending outlook that stoked concern the company will ditch fiscal discipline in the race to dominate artificial intelligence.(5) Tesla’s profit tumbled despite a strong quarter for its automotive business, pressuring Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots.(6) When OpenAI’s advanced artificial intelligence models breached AI startup Hugging Face’s internal systems last week, they spent mere hours carrying out a hack that would have taken a skilled human far longer, people familiar with the matter said.(7) Hundreds of bankers moved to Paris incentivized by employers moving their European headquarters from Brexit Britain, while taking advantage of generous French tax breaks that last for as long as 8 years. Now, with those time-limited benefits set to start expiring, the question for some is whether it might be soon time to relocate again.Podcast Conversation: Luxury Travelers Turn to Split Trips for City-and-Beach GetawaysSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) New Prime Minister Andy Burnham has approved the use of British military bases by the US for what the UK calls defensive strikes against Iran, in a continuation of his predecessor Keir Starmer’s policy even as President Donald Trump ramps up his war.(2) UK government borrowing costs are lingering around two-month highs as oil prices and fiscal jitters keep the market on edge. Both Britain's new prime minister and its new chancellor are stressing their commitments to fiscal discipline.(3) To the latest earnings, and Spanish lender Santander has reported profits that beat estimates in the second quarter of just over 3.5 billion euros.(4) Ukrainian President Volodymyr Zelenskyy dismissed Armed Forces commander-in-chief Oleksandr Syrskyi after nationwide protests calling for the top soldier’s ouster.(5) Farm products are once again in the crossfire of trade tensions between China and the European Union. This time, the target isn’t French wine or Dutch cheese — it’s Peking duck.(6) France passed legislation to restrict the use of social media for children under 15 years old, becoming the first major European country to do so in a move that may strain relations with US technology companies and President Donald Trump.(7) Finland’s economy, which has barely grown since the financial crisis, is in a precarious position. While public debt has steadily increased since 2009, going largely to pensions, healthcare, education and social benefits, the private sector has struggled, leading to weak employment and low tax revenue. That has trapped the government in a vicious cycle: in order to bring down national debt, leaders have cut social benefits, which economists say could further chill the economy.Podcast Conversation: AI Is Making the Job Search More MiserableSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham named former Defense Secretary John Healey to be his Chancellor of the Exchequer in a surprise move by the UK’s new prime minister that fueled speculation about a bigger increase in military spending.(2) US President Donald Trump said he had a “very good conversation” with new UK Prime Minister Andy Burnham and that they would be meeting in the “not too distant future,” signaling potentially better ties after tensions with Burnham’s predecessor.(3) The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy, further inflaming trade tensions between the two neighbors.(4) US forces struck Iranian targets after President Donald Trump vowed Tehran “will pay” for killing three US soldiers, even as mediators proposed a new truce with the Middle East war widening further.(5) Europe’s status as the planet’s fastest-warming continent is becoming a serious drag on its economic prospects.(6) A Bloomberg Businessweek investigation has found that trades with characteristics often associated with insider activity have became more prevalent on Polymarket over the course of this year.(7) One shipowner is attempting to coax crews to sail through the Strait of Hormuz by offering them an extra six months pay if they’re willing to cross the vital oil channel, offering seafarers a stark choice between large financial rewards and the risk of death.See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham is set to become the UK’s seventh prime minister in just over a decade on Monday with a number of outstanding questions about who will be in his cabinet and the policy direction he will pursue.(2) The Iran conflict continued to spiral over the weekend, with both sides trading attacks in the aftermath of an Iranian strike that killed two US service-members in Jordan and injured others. (3) A diesel squeeze is playing out across Europe as a slew of major supply challenges coincide, according to Morgan Stanley, which flagged record refining margins in the region and slumping stockpiles.(4) At least one person was killed in what Ukraine’s foreign minister called the largest ballistic missile barrage aimed at Kyiv since the start of the Russia’s invasion more than four years ago. (5) Moonshot AI has told investors it’s preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China’s artificial intelligence capabilities and sent tech stocks reeling.(6) Spain won its second World Cup title, defeating Lionel Messi’s Argentina 1-0 thanks to substitute Ferran Torres’ strike in extra time before a sold-out crowd in New Jersey.(7) Ryan Fox wins the British Open with a birdie on the final hole.Podcast Conversation: How to Buy a Dinosaur: The Money, Advisers and Caution NeededSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to new home sales data with a focus on three stocks for the week ahead. In the UK – a look ahead to the UK preparing to usher in its 7th Prime Minister in 10 years. In Asia – a look ahead to Japan Marine Day. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump devoted a prime-time address to reviving unsubstantiated claims that the 2020 election was stolen and raising doubts about the security of the upcoming midterms, turning his attention to a years-long grievance at a perilous moment for his presidency.(2) Trump's renewed focus on America's biggest geopolitical rival comes as divisions continue to deepen within his own Republican base over the US-Israel war with Iran.(3) The US launched fresh strikes against Iran as hostilities across the Middle East continued to escalate and shipping traffic slumped in the critical Strait of Hormuz.(4) Japanese memory chipmaker Kioxia Holdings Corp.’s market capitalization halved in just a month since becoming the nation’s most valuable company, on growing concerns the AI-driven rally in the sector has gone too far.(5) Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water. Burnham approaches the gates of Downing Street along a path littered with short-tenured former leaders whose support quickly evaporated on contact with the realities of reviving the UK economy.(6) Netflix forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations.Podcast Conversation: Are you an Iliad person or an Odyssey person? See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The global economy faces a renewed challenge if the conflict that’s choked the Strait of Hormuz isn’t resolved in a matter of weeks, said International Energy Agency Executive Director Fatih Birol.(2) A measure of sterling’s strength rose to its highest level in a year on Wednesday following reports that incoming UK Prime Minister Andy Burnham will name Shabana Mahmood as his Chancellor of the Exchequer. (3) Russian soldiers only live an average of 20 to 30 minutes on the battlefield because of Ukraine’s artificial-intelligence attack drones, CIA Director John Ratcliffe said on Wednesday. (4)  JPMorgan CEO  Jamie Dimon said the risks raised by Anthropic PBC’s Mythos artificial intelligence model are a “real issue” that the US government is on top of now. (5)  The world's biggest hedge funds are tapping portfolio managers at smaller firms for ideas, paying for "buyside alpha" signals, and seeking out raw trading ideas from small managers. (6) Europe's Coal Mines Claim Their Methane Emissions Have Plummeted. But Have They? Podcast Conversation: The Line Outside Is Almost More Famous Than the FoodSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US completed an additional round of strikes against Iran  hitting dozens of military targets near the Strait of Hormuz and Iranian coastal areas.(2) President Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz after US allies in the Gulf urged him to drop it.(3) ASML lifted its annual sales forecast for the second time this year as a surge in artificial intelligence spending drives demand for the Dutch company’s chip-making machines. (4) Bank of England Governor Andrew Bailey said Britain needs to prioritize economic growth and maintain fiscal discipline, in a thinly veiled warning to incoming Prime Minister Andy Burnham (5) U-Test's brand ambassadors are online celebrities, including a former Welsh rugby player and an OnlyFans model, who promote the company's test kits for sexually transmitted infections and other health issues on social media. Some of U-Test's tests require medical knowledge and are labelled "for professional in vitro diagnostic use only", despite being marketed as "simple at-home tests" with instruction leaflets in dense technical language.Podcast Conversation:These World Cup Tweets Show How AI Will Unite Us AllSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The United States has carried out another round of strikes on Iran, after President Trump vowed to hit the country "hard". According to multiple reports, Trump has now formally notified Congress that the US is once again at war with Iran.(2) President Donald Trump threw out a demand of a 20% reimbursement on cargo shipped through the Strait of Hormuz, or roughly $30 million on full supertankers carrying oil.(3) Bond traders ramped up bets for a July interest-rate hike ahead of US inflation data and an appearance by the head of the Federal Reserve that stand to reinforce the need for action.(4) The European Union failed to endorse a 21st sanctions package against Russia on Monday, putting the bloc at risk of undermining one of its key tools to restrict the Kremlin’s oil revenue.(5) Rachel Reeves will issue a coded warning to the next Labour government by telling a City of London audience on Tuesday night that plans to boost the economy will only succeed with the support of financial markets.(6) It was supposed to be a cargo of bananas from Latin America. What Spanish police found on the ship in the Mediterranean port of Algeciras instead were 13 tons of cocaine. The case is striking in how it alleges links to financiers with Wall Street connections, an Irish fintech trading crypto assets, luxury Dubai real estate and multiple offshore lenders.Podcast Conversation: Scammers Are Being Scammed by Their Intended Victims OnlineSee omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US launched fresh missile attacks against Iran on Sunday in what has become a pattern of strikes and counterstrikes by Washington and Tehran as the two sides issued conflicting declarations over whether the Strait of Hormuz is open to shipping.(2) This year’s record-breaking heat in central and western Europe has already caused close to 10,000 deaths across the UK, France, Spain and Germany, according research groups and government bodies in the affected countries.(3) Andy Burnham, the UK’s presumptive next prime minister, is considering unveiling a bolstered budget later this year as allies and experts seek to persuade him to pursue a land tax, public control of utilities and a more ambitious devolution strategy.(4) UK police said they arrested a suspect on Saturday on suspicion of the murder of former minister and Reform UK politician Ann Widdecombe(5) Three prominent artificial intelligence developers released new models over the past week. They all promise to be more advanced, but their biggest immediate selling point may not be what they can do but how little they charge to do it.(6) European foreign ministers will be grappling with the developments in the Middle East when they meet in Brussels this morning.Podcast Conversation: Satisfying Wealth Books For Your Summer Reading List See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with a focus on three stocks for the week ahead. In the UK – a look ahead to what lays ahead for the European Central Bank as it grapples with a uncertain inflation landscape. In Asia – a look ahead to South Korea’s Constitution Day. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader.(2) Technical talks between the US and Iran are continuing, according to a US official, following two days of clashes that threatened to shatter an already fragile ceasefire between the two nations.(3) Europe’s third major heat wave this year is set to intensify and expand, extending from west to east over the coming week.(4) Volkswagen plans to cut its sprawling model lineup by as much as 50%, a savings push that was unveiled after a closely-watched supervisory board meeting that stopped short of agreeing on deeper workforce reductions.(5) As investors increasingly turn to artificial intelligence for help with everything from stock picking to risk management, JPMorgan Chase. has been testing whether a model can do something more ambitious: allocate money itself.(6) A Ukrainian intelligence officer, who previously admitted to killing a woman linked to a bombing in Monaco, retracted his confession and shifted the blame to another defendant as their bail hearing opened in KyivPodcast Conversation: CoverGirl Stops Chasing Gen Z to Focus on Middle-Aged WomenSee omnystudio.com/listener for privacy information.