Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump began a US naval blockade of the Strait of Hormuz, a move intended to raise pressure on Tehran, even as the two countries weigh another round of talks to secure a longer-term ceasefire.

(2) HSBC Chief Executive Officer Georges Elhedery said the conflict in the Middle East and broader “uncertainties” are beginning to dent client confidence as investors navigate an increasingly volatile global landscape.

(3) Italian Prime Minister Giorgia Meloni called Donald Trump’s tirade against Pope Leo XIV “unacceptable,” exposing a growing rift with the US leader over his war on Iran.

(4) Sales at LVMH’s biggest division fell at the start of this year as the war in the Middle East crimped demand for Louis Vuitton and Dior products.

(5) Hungary’s next leader Peter Magyar said he won’t stand in the way of Ukraine receiving a €90 billion ($105 billion) loan from the European Union that was blocked by the outgoing Prime Minister Viktor Orban.

(6) A Ukrainian war hero is taking President Zelenskiy's office in a new direction, and might offer a glimpse of Ukraine’s political future.

Podcast Conversation: Is the Pope American? No, He's Catholic

Your morning briefing. All the news you need to start your day. On today's podcast: (1) President Donald Trump began a US naval blockade of the Strait of Hormuz, a move intended to raise pressure on Tehran, even as the two countries weigh another round of talks to secure a longer-term ceasefire. (2) HSBC Chief Executive Officer Georges Elhedery said the conflict in the Middle East and broader &ldquo;uncertainties&rdquo; are beginning to dent client confidence as investors navigate an increasingly volatile global landscape. (3) Italian Prime Minister Giorgia Meloni called Donald Trump&rsquo;s tirade against Pope Leo XIV &ldquo;unacceptable,&rdquo; exposing a growing rift with the US leader over his war on Iran. (4) Sales at LVMH&rsquo;s biggest division fell at the start of this year as the war in the Middle East crimped demand for Louis Vuitton and Dior products. (5) Hungary&rsquo;s next leader Peter Magyar said he won&rsquo;t stand in the way of Ukraine receiving a &euro;90 billion ($105 billion) loan from the European Union that was blocked by the outgoing Prime Minister Viktor Orban. (6) A Ukrainian war hero is <a href="https://www.bloomberg.com/news/articles/2026-04-14/ukraine-zelenskiy-s-new-chief-aide-budanov-is-on-the-rise">taking President Zelenskiy's office in a new directio</a>n, and might offer a glimpse of Ukraine&rsquo;s political future. Podcast Conversation: <a href="https://www.bloomberg.com/opinion/articles/2026-04-13/trump-versus-the-pope-the-hearts-and-minds-and-votes-of-catholics">Is the Pope American? No, He's Catholic</a>

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.

Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.

Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg’s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.

Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe is the essential way to start your morning informed and ahead.

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.
Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.
Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg&rsquo;s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.
Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe&nbsp;is the essential way to start your morning informed and ahead.

Bloomberg Daybreak: Europe Edition

‘Economic Terrorism’ Warning, Trump Vs The Pope, Ukraine’s Power Broker

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8a0a103f-c05c-4f7c-a80f-b42c0060e4e8/transcript