Bloomberg's Nathan Hager and Michael McKee discuss the latest PCE data and reaction from Fed Chair Jerome Powell. Plus, reaction from Wells Fargo Senior Economist Sarah House.

Bloomberg's Nathan Hager and Michael McKee discuss the latest PCE data and reaction from Fed Chair Jerome Powell. Plus, reaction from Wells Fargo Senior Economist Sarah House.

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

Instant Reaction: Jay Powell Speaks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f57bfe51-3908-4e9d-aae3-b142011502f6/transcript

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

On today's podcast:

(1) The artificial intelligence trade stayed on the back foot as investors rotated out of one of the year’s hottest themes and sought safety in bonds. Adding to the pressure, crude oil extended its gains.

(2) French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence. 

(3) There's a growing divide over how much further the European Central Bank will raise rates, as oil remains above $110 a barrel.

(4) Banks, airlines and governments across Europe, Asia and the Americas are pulling down websites to avoid being hacked. Artificial intelligence models helped to find vulnerabilities in a commonly used programming language called PHP. 

(5) UK consumer sentiment plunged in October as soaring fuel prices brought home the scale of the cost-of-living hit from the Middle East conflict.

(6) Britons looking for a flavor of the upcoming first budget of Andy Burnham’s UK government need look no further than the descriptors emanating from Chancellor of the Exchequer John Healey and his officials at the Treasury: Do no harm. Steady as she goes. Focused.

(7) President Donald Trump spoke to SpaceX Chief Executive Officer Elon Musk and asked him to lift restrictions on his company’s Starlink satellite system, the Wall Street Journal reported Thursday.

(8) With a fresh infusion of cash to his super political action committee in the first two weeks of October, Elon Musk has now given more than $445 million in the current election cycle and become one of the biggest-ever contributors to such groups.


Podcast Conversation: AI Agents Are Coming for Bank’s Easy Money

Your morning briefing. All the news you need to start your day.
On today's podcast:
(1) The artificial intelligence trade stayed on the back foot as investors rotated out of one of the year&rsquo;s hottest themes and sought safety in bonds. Adding to the pressure, crude oil extended its gains.
(2) French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend&rsquo;s riots and reassure markets unnerved by the violence.&nbsp;
(3) There's a growing divide over how much further the European Central Bank will raise rates, as oil remains above $110 a barrel.
(4) Banks, airlines and governments across Europe, Asia and the Americas are pulling down websites to avoid being hacked. Artificial intelligence models helped to find vulnerabilities in a commonly used programming language called PHP.&nbsp;
(5) UK consumer sentiment plunged in October as soaring fuel prices brought home the scale of the cost-of-living hit from the Middle East conflict.
(6) Britons looking for a flavor of the upcoming first budget of Andy Burnham&rsquo;s UK government need look no further than the descriptors emanating from Chancellor of the Exchequer John Healey and his officials at the Treasury: Do no harm. Steady as she goes. Focused.
(7) President Donald Trump spoke to SpaceX Chief Executive Officer Elon Musk and asked him to lift restrictions on his company&rsquo;s Starlink satellite system, the Wall Street Journal reported Thursday.
(8) With a fresh infusion of cash to his super political action committee in the first two weeks of October, Elon Musk has now given more than $445 million in the current election cycle and become one of the biggest-ever contributors to such groups.
 Podcast Conversation: <a href="https://www.bloomberg.com/opinion/articles/2026-10-22/ai-agents-are-a-bigger-threat-to-bank-deposits-than-stablecoins">AI Agents Are Coming for Bank&rsquo;s Easy Money</a>

Markets Rush To Safety, French Military Protest Deployment, Brexit-Sized Confidence Slump

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9a9da9cb-5967-457a-be8e-b4ec0060c419/transcript

Your morning briefing.

All the news you need to start your day.On today's podcast:

(1) The yield on benchmark French debt hit 5% for the first time since 2002 as rising energy prices exacerbated concern over the country’s fiscal outlook.

(2) The US State Department issued an ordered departure for non-emergency personnel and their families from Saudi Arabia because of the growing threat from Houthi militants in neighboring Yemen.

(3) Meta Platforms Chief Executive Officer Mark Zuckerberg told investors that a pricey wager on artificial intelligence is delivering results, setting the stage for the company to bet even more aggressively on the market

(4) Tesla pulled back its spending plans after investment last quarter trailed expectations, clouding Elon Musk’s effort to transform the electric vehicle maker into an AI and robotics company

(5) European car sales growth accelerated last month, extending a run of gains this year as buyers turn to electric cars, with Chinese manufacturers capturing much of the increase.

(6) The European Union reached a provisional agreement to overhaul rules governing the bloc’s securitizations markets, a deal that would unleash billions of euros to finance initiatives in key areas such as defense and climate resilience.

(7) UK banks have stepped up lobbying attempts against the prospect of higher taxes, warning of the hit to growth and lending, but many investors have already priced in the risk.

(8) Years of war and sanctions are making it harder for Russia's oil producers — including Rosneft, the nation’s largest — to maintain volumes today while developing reserves for tomorrow.

Podcast Conversation: The Saxophone Is Back After Decades in the Pop Music Wilderness

Your morning briefing. All the news you need to start your day.On today's podcast: (1) The yield on benchmark French debt hit 5% for the first time since 2002 as rising energy prices exacerbated concern over the country&rsquo;s fiscal outlook. (2) The US State Department issued an ordered departure for non-emergency personnel and their families from Saudi Arabia because of the growing threat from Houthi militants in neighboring Yemen. (3) Meta Platforms Chief Executive Officer Mark Zuckerberg told investors that a pricey wager on artificial intelligence is delivering results, setting the stage for the company to bet even more aggressively on the market (4) Tesla pulled back its spending plans after investment last quarter trailed expectations, clouding Elon Musk&rsquo;s effort to transform the electric vehicle maker into an AI and robotics company (5) European car sales growth accelerated last month, extending a run of gains this year as buyers turn to electric cars, with Chinese manufacturers capturing much of the increase. (6) The European Union reached a provisional agreement to overhaul rules governing the bloc&rsquo;s securitizations markets, a deal that would unleash billions of euros to finance initiatives in key areas such as defense and climate resilience. (7) UK banks have stepped up lobbying attempts against the prospect of higher taxes, warning of the hit to growth and lending, but many investors have already priced in the risk. (8) Years of war and sanctions are making it harder for Russia's oil producers &mdash; including Rosneft, the nation&rsquo;s largest &mdash; to maintain volumes today while developing reserves for tomorrow. Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2026-10-21/the-saxophone-is-back-after-its-1990s-decline">The Saxophone Is Back After Decades in the Pop Music Wilderness</a>

French Yields' 24-Year High, China-EU Car Sales Accelerate, Russia's Oil Giant Struggles

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cae2160d-8adb-40b8-97ff-b4eb0060efc7/transcript

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

On today's podcast:

(1) A recent slowdown of the SpaceX’s Starlink satellite system that enables Ukraine to fend off deadly Russian aerial assaults came from an order by Elon Musk, the company’s chief executive officer, the Wall Street Journal reported on Tuesday.

(2) Volodymyr Zelenskyy sought to draw a line under the escalating feud with the US after meeting with Donald Trump’s envoys in Oslo, while the US president kept up pressure on Kyiv.

(3) Elon Musk capitalized on a strong quarter of earnings at SpaceX to openly press for combining the business with Tesla Inc. in what would be the biggest merger of all time.

(4) Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they’ll spend on the technology and how it will transform the economy.

(5) There’s a risk the ongoing French bond rout escalates into a euro-area debt crisis that eclipses the blowup that began in Greece nearly two decades ago, warned Franklin Templeton’s fixed-income investment chief.

(6) More than half of Britons think markets could severely lose confidence in the UK within five years. The poll from Ipsos and the National Institute of Economic and Social Research found respondents expect tax hikes in the coming budget.

(7) Italian Prime Minister Giorgia Meloni heads into next year’s election with no plans to broaden her coalition to include the new far-right National Future party, said one of the co-founders of her Brothers of Italy party.

Podcast Conversation: For Racers and the Rich, Caldwell Is Nordic Ski's Gear Guru

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A recent slowdown of the SpaceX&rsquo;s Starlink satellite system that enables Ukraine to fend off deadly Russian aerial assaults came from an order by Elon Musk, the company&rsquo;s chief executive officer, the Wall Street Journal reported on Tuesday. (2) Volodymyr Zelenskyy sought to draw a line under the escalating feud with the US after meeting with Donald Trump&rsquo;s envoys in Oslo, while the US president kept up pressure on Kyiv. (3) Elon Musk capitalized on a strong quarter of earnings at SpaceX to openly press for combining the business with Tesla Inc. in what would be the biggest merger of all time. (4) Billionaire Ken Griffin said investors are &ldquo;almost certainly&rdquo; in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they&rsquo;ll spend on the technology and how it will transform the economy. (5) There&rsquo;s a risk the ongoing French bond rout escalates into a euro-area debt crisis that eclipses the blowup that began in Greece nearly two decades ago, warned Franklin Templeton&rsquo;s fixed-income investment chief. (6) More than half of Britons think markets could severely lose confidence in the UK within five years. The poll from Ipsos and the National Institute of Economic and Social Research found respondents expect tax hikes in the coming budget. (7) Italian Prime Minister Giorgia Meloni heads into next year&rsquo;s election with no plans to broaden her coalition to include the new far-right National Future party, said one of the co-founders of her Brothers of Italy party. Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2026-10-20/where-to-buy-the-best-cross-country-skis-caldwell-sport-is-nordic-gear-guru">For Racers and the Rich, Caldwell Is Nordic Ski's Gear Guru</a>

Musk Starlink Controversy Grows, Griffin AI Bubble Warning, Meloni's Far-Right Test

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6299703e-3f8f-49f0-ae01-b4ea0061ef4e/transcript

Instant Reaction: Jay Powell Speaks

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