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.

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

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, the business news you need in just 15 minutes.

On today's podcast:

(1) US officials have renewed the threat of possible military action against Iran after President Trump suggested the country's regime may have averted strikes by pledging not to execute protesters. America's envoy to the UN warned that 'all options are on the table' and that President Trump is a man of action.

(2) Heightened US-Iran rhetoric comes as Bloomberg Economics has found that Donald Trump is following through on a greater share of his threats in his second term as President. As Bloomberg's chief geo-economics analyst Jennifer Welch puts it, the shift suggests "Tehran shouldn't bet on TACO", referring to a popular investor shorthand for 'Trump Always Chickens Out'.

(3) President Donald Trump accepted Venezuelan opposition leader Maria Corina Machado’s Nobel Peace Prize medal at a White House meeting on Thursday as she tries to get back in his good graces while the future of her country is being shaped by the US.

(4) Wall Street’s five giant banks reported a record $134 billion of trading revenue from last year and an upswing in dealmaking. Morgan Stanley Chief Executive Officer Ted Pick started summing up his outlook after Wall Street’s banner year for trading with four words: “The setup is ideal.”

(5) China is pulling the plug on a key advantage held by high-frequency traders, removing servers dedicated to those firms out of local exchanges’ data centers, according to people familiar with the matter.

(6) The dramatic sacking of a senior Conservative and his defection hours later to Nigel Farage’s Reform UK all-but ended the chances of any deal to unite the British right, confirming the next general election as the most widely contested in decades.

Podcast Conversation: Why We’re All Trading Happy Hours for the Bathhouse

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US officials have renewed the threat of possible military action against Iran after President Trump suggested the country's regime may have averted strikes by pledging not to execute protesters. America's envoy to the UN warned that 'all options are on the table' and that President Trump is a man of action. (2) Heightened US-Iran rhetoric comes as Bloomberg Economics has found that Donald Trump is following through on a greater share of his threats in his second term as President. As Bloomberg's chief geo-economics analyst Jennifer Welch puts it, the shift suggests "Tehran shouldn't bet on TACO", referring to a popular investor shorthand for 'Trump Always Chickens Out'. (3) President Donald Trump accepted Venezuelan opposition leader Maria Corina Machado&rsquo;s Nobel Peace Prize medal at a White House meeting on Thursday as she tries to get back in his good graces while the future of her country is being shaped by the US. (4) Wall Street&rsquo;s five giant banks reported a record $134 billion of trading revenue from last year and an upswing in dealmaking. Morgan Stanley Chief Executive Officer Ted Pick started summing up his outlook after Wall Street&rsquo;s banner year for trading with four words: &ldquo;The setup is ideal.&rdquo; (5) China is pulling the plug on a key advantage held by high-frequency traders, removing servers dedicated to those firms out of local exchanges&rsquo; data centers, according to people familiar with the matter. (6) The dramatic sacking of a senior Conservative and his defection hours later to Nigel Farage&rsquo;s Reform UK all-but ended the chances of any deal to unite the British right, confirming the next general election as the most widely contested in decades. Podcast Conversation: <a href="https://www.bloomberg.com/news/features/2026-01-16/why-saunas-bathhouses-cold-plunge-pools-are-so-popular-right-now?srnd=phx-mishal" data-destination="https://www.bloomberg.com/news/features/2026-01-16/why-saunas-bathhouses-cold-plunge-pools-are-so-popular-right-now?srnd=phx-mishal">Why We&rsquo;re All Trading Happy Hours for the Bathhouse</a>

Iran ‘Can’t Count On 'TACO’, Trump Given Nobel Medal, Swiss Immigration Fears

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e45e42f4-753b-49d6-a009-b3d4006e4de3/transcript

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

On today's podcast:

(1) Danish Foreign Minister Lars Lokke Rasmussen said a “fundamental disagreement” remained after a meeting of top diplomats in Washington, while announcing an agreement to form a high-level working group on Greenland amid threats of a US takeover.

(2) President Donald Trump indicated that he might hold off on attacking Iran for now after saying he was reassured by sources “on the other side” that the government in Tehran would stop killing people involved in widespread protests.

(3) President Donald Trump faulted Ukraine’s leader Volodymyr Zelenskiy as the main obstacle to an agreement to end the war Russia launched against his country four years ago.

(4) Donald Trump’s tariff war occupied US allies for much of last year. Now, President Xi Jinping is welcoming a procession of leaders looking to mend fences with the world’s other major economy.

(5) Elon Musk’s xAI is disabling the ability for people to use its Grok artificial intelligence chatbot to create sexualized images of real people, following widespread criticism that the company was allowing women and children to be victimized by the tool.

(6) An astronaut in need of doctors' care departed the International Space Station with three crewmates on Wednesday in NASA's first medical evacuation.

Podcast Conversation: Alcohol Use May Be Declining, But Consumers Still Want That Buzz

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Danish Foreign Minister Lars Lokke Rasmussen said a &ldquo;fundamental disagreement&rdquo; remained after a meeting of top diplomats in Washington, while announcing an agreement to form a high-level working group on Greenland amid threats of a US takeover. (2) President Donald Trump indicated that he might hold off on attacking Iran for now after saying he was reassured by sources &ldquo;on the other side&rdquo; that the government in Tehran would stop killing people involved in widespread protests. (3) President Donald Trump faulted Ukraine&rsquo;s leader Volodymyr Zelenskiy as the main obstacle to an agreement to end the war Russia launched against his country four years ago. (4) Donald Trump&rsquo;s tariff war occupied US allies for much of last year. Now, President Xi Jinping is welcoming a procession of leaders looking to mend fences with the world&rsquo;s other major economy. (5) Elon Musk&rsquo;s xAI is disabling the ability for people to use its Grok artificial intelligence chatbot to create sexualized images of real people, following widespread criticism that the company was allowing women and children to be victimized by the tool. (6) An astronaut in need of doctors' care departed the International Space Station with three crewmates on Wednesday in NASA's first medical evacuation. Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2026-01-14/glp-1s-edibles-contribute-to-changing-habits-around-drinking-alcohol#:~:text=But%20that%20very%20human%20interest,will%20continue%20to%20do%20so." data-destination="https://www.bloomberg.com/news/articles/2026-01-14/glp-1s-edibles-contribute-to-changing-habits-around-drinking-alcohol#:~:text=But%20that%20very%20human%20interest,will%20continue%20to%20do%20so.">Alcohol Use May Be Declining, But Consumers Still Want That Buzz</a>

Allies Deploy To Greenland, Signals Iran Attack On Hold, Xi Welcomes Leaders

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/69f6b2c4-564b-4f0d-93aa-b3d3006c9a06/transcript

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump urged Iranians to continue protests against the government of Supreme Leader Ayatollah Ali Khamenei and warned he would “act accordingly” once he gets a sense for how many of the demonstrators have been killed.

(2) Greenland’s prime minister categorically ruled out joining the US and said the Arctic territory prefers to be in a union with Denmark, suggesting the island is putting independence plans on the back burner for now.

(3) President Donald Trump dismissed Jamie Dimon’s criticism over the Justice Department probe into the Federal Reserve, saying the JPMorgan Chase chief executive officer was “wrong” to suggest he was undermining the independence of the central bank.

(4) China’s trade surplus climbed to $1.2 trillion in 2025, extending a record run as the tariff war started by President Donald Trump sent exporters in search of markets beyond the US.

(5) The UK and European Union should have a “more serious” conversation about how they can step up their cooperation in financial services to boost both economies, according to the City of London’s governing body.

(6) Sweden, once a green pioneer, is now seeing its climate change ambitions unravel as populist groups are push back against environmental initiatives, spurred on in part by Donald Trump’s anti-green agenda.

Podcast Conversation: The New Year's Resolutions That Bosses From Chase, Nasdaq Keep

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump urged Iranians to continue protests against the government of Supreme Leader Ayatollah Ali Khamenei and warned he would &ldquo;act accordingly&rdquo; once he gets a sense for how many of the demonstrators have been killed. (2) Greenland&rsquo;s prime minister categorically ruled out joining the US and said the Arctic territory prefers to be in a union with Denmark, suggesting the island is putting independence plans on the back burner for now. (3) President Donald Trump dismissed Jamie Dimon&rsquo;s criticism over the Justice Department probe into the Federal Reserve, saying the JPMorgan Chase chief executive officer was &ldquo;wrong&rdquo; to suggest he was undermining the independence of the central bank. (4) China&rsquo;s trade surplus climbed to $1.2 trillion in 2025, extending a record run as the tariff&nbsp;war started by President Donald Trump sent exporters in search of markets beyond the US. (5) The UK and European Union should have a &ldquo;more serious&rdquo; conversation about how they can step up their cooperation in financial services to boost both economies, according to the City of London&rsquo;s governing body. (6) Sweden, once a green pioneer, is now seeing its climate change ambitions unravel as populist groups are push back against environmental initiatives, spurred on in part by Donald Trump&rsquo;s anti-green agenda. Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2026-01-13/six-ceos-reveal-how-they-keep-their-new-year-s-resolutions">The New Year's Resolutions That Bosses From Chase, Nasdaq Keep</a>

US Weighs Iran Action, Trump Says Dimon ‘Wrong’, Sweden’s Green U-Turn

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b5e69736-de36-4490-8bc5-b3d2006a8724/transcript

Instant Reaction: Jay Powell Speaks

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