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

On today's podcast:

(1) Chancellor Friedrich Merz’s ruling coalition with the Social Democrats faces a key vote in parliament on Friday that could precipitate its demise only seven months into its four-year term.

(2) President Vladimir Putin arrived in New Delhi for his first state visit to India since Russia’s full-scale invasion of Ukraine, showcasing warming ties that have angered the US and led to hefty trade tariffs.

(3) Jane Street’s record haul this year has been boosted by savvy bets on the artificial intelligence boom that are showing up as big gains in its trading results, according to people familiar with the matter.

(4) Booker Prize-winning author Salman Rushdie warned that the banning of books in parts of the US is contributing to “unexpected amounts of pressure” on free expression around the world.

(5) Jamie Oliver is bringing his Italian restaurants back to the UK six years after the chain collapsed into insolvency, returning at a time when the industry’s facing what he calls a “horror show” of higher costs and weak demand.

Podcast Conversation: Are We in a Stock Bubble? This Is the Only Thread You Need

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Chancellor Friedrich Merz&rsquo;s ruling coalition with the Social Democrats faces a key vote in parliament on Friday that could precipitate its demise only seven months into its four-year term. (2) President Vladimir Putin arrived in New Delhi for his first state visit to India since Russia&rsquo;s full-scale invasion of Ukraine, showcasing warming ties that have angered the US and led to hefty trade tariffs. (3) Jane Street&rsquo;s record haul this year has been boosted by savvy bets on the artificial intelligence boom that are showing up as big gains in its trading results, according to people familiar with the matter. (4) Booker Prize-winning author Salman Rushdie warned that the banning of books in parts of the US is contributing to &ldquo;unexpected amounts of pressure&rdquo; on free expression around the world. (5) Jamie Oliver is bringing his Italian restaurants back to the UK six years after the chain collapsed into insolvency, returning at a time when the industry&rsquo;s facing what he calls a &ldquo;horror show&rdquo; of higher costs and weak demand. Podcast Conversation: <a href="https://www.bloomberg.com/graphics/2025-opinion-are-we-in-a-stock-bubble/" data-destination="https://www.bloomberg.com/graphics/2025-opinion-are-we-in-a-stock-bubble/">Are We in a Stock Bubble? This Is the Only Thread You Need</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

German Coalition On Edge, Jane Street’s Savvy AI Bets, Jamie Oliver's Second Helping

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/08a6d003-6893-4606-b268-b3aa006f14cc/transcript