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On today's podcast:

(1) European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. 1 deadline.

(2) The global economy started 2025 on a solid footing. Now the ground has shifted. We estimate the average US tariff rate has risen to 13.3% from 2.3% in January. That's already the highest rate since 1939. As the impacts of President Trump's trade war crystallize, we expect a $2 trillion hit to global GDP by the end of 2027.

(3) Japanese Prime Minister Shigeru Ishiba said he intended to stay on even as his ruling coalition suffered a historic setback in an upper house election on Sunday, an outcome that may further unsettle markets.

(4) London Stock Exchange Group is weighing whether to introduce 24-hour trading in response to growing demand from small investors, the Financial Times reported.

(5) UK home sellers slashed prices at a record pace this month as a decade-high number of properties for sale tips the scales in favor of buyers in some of the nation’s most-expensive markets.

Podcast Conversation: In 'Alien: Earth' the Real Baddie Is Tech's Corporate Culture

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. 1 deadline. (2) The global economy started 2025 on a solid footing. Now the ground has shifted. We estimate the average US tariff rate has risen to 13.3% from 2.3% in January. That's already the highest rate since 1939. As the impacts of President Trump's trade war crystallize, we expect a $2 trillion hit to global GDP by the end of 2027. (3) Japanese Prime Minister Shigeru Ishiba said he intended to stay on even as his ruling coalition suffered a historic setback in an upper house election on Sunday, an outcome that may further unsettle markets. (4) London Stock Exchange Group is weighing whether to introduce 24-hour trading in response to growing demand from small investors, the Financial Times reported. (5) UK home sellers slashed prices at a record pace this month as a decade-high number of properties for sale tips the scales in favor of buyers in some of the nation&rsquo;s most-expensive markets. Podcast Conversation: <a href="https://blinks.bloomberg.com/news/stories/SZLDGOGQ7L4K" data-destination="https://blinks.bloomberg.com/news/stories/SZLDGOGQ7L4K">In 'Alien: Earth' the Real Baddie Is Tech's Corporate Culture</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

EU Plans For No Deal, $2 Trillion GDP Hit , Musk’s Empire Creaks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/00424389-14f0-4456-83c9-b321005d4cc2/transcript

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