Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Swiss police said about 40 people were killed and 115 injured after a fire broke out in a bar in the ski resort of Crans-Montana during New Year celebrations.

(2) European Central Bank President Christine Lagarde said Bulgaria joining the euro area on Thursday is a testament to Europe’s ability to collaborate and defy international headwinds. 

(3) Stocks opened the new year with artificial intelligence and chipmaking once again dominating market moves. Precious metals — another hot corner of the market in 2025 — also advanced.

(4) BYD met its full-year sales target and likely surpassed Tesla to become the world’s largest electric-vehicle maker in 2025 — a milestone overshadowed by a challenging outlook for the Chinese auto market in the year ahead.

(5) Zohran Mamdani unapologetically promised to lead New York City as a democratic socialist during a frigid inauguration ceremony on the steps of City Hall, a warning to those who believed he might moderate his positions after taking office.

Podcast Conversation: Skip a New Year’s Resolution and Make Jan. 2 ‘Defaults Day’ Instead

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Swiss police said about 40 people were killed and 115 injured after a fire broke out in a bar in the ski resort of Crans-Montana during New Year celebrations. (2) European Central Bank President Christine Lagarde said Bulgaria joining the euro area on Thursday is a testament to Europe&rsquo;s ability to collaborate and defy international headwinds. (3) Stocks opened the new year with artificial intelligence and chipmaking once again dominating market moves. Precious metals &mdash; another hot corner of the market in 2025 &mdash; also advanced. (4) BYD met its full-year sales target and likely surpassed Tesla to become the world&rsquo;s largest electric-vehicle maker in 2025 &mdash; a milestone overshadowed by a challenging outlook for the Chinese auto market in the year ahead. (5) Zohran Mamdani unapologetically promised to lead New York City as a democratic socialist during a frigid inauguration ceremony on the steps of City Hall, a warning to those who believed he might moderate his positions after taking office. Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2025-12-26/why-your-new-year-s-resolution-should-be-a-financial-reset" data-destination="https://www.bloomberg.com/news/articles/2025-12-26/why-your-new-year-s-resolution-should-be-a-financial-reset">Skip a New Year&rsquo;s Resolution and Make Jan. 2 &lsquo;Defaults Day&rsquo; Instead</a>

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Bloomberg Daybreak: Europe Edition

About 40 Die In Swiss Fire, ‘Powerful’ Euro Symbol, Tech Leads Stock Gains

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a4114a03-94f1-4e15-9c21-b3c6006fa08c/transcript

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