Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

Bloomberg Daybreak: Europe Edition

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f837738c-69d8-4c65-9c77-b1c300bce9d4/transcript

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

On today's podcast:

(1) Israel reached a deal for a 60-day cease-fire with the Lebanese militant group Hezbollah after weeks of talks mediated by the US, a first step toward ending a conflict that's killed thousands of people and opening the door to fresh peace initiatives in the Gaza Strip.

(2) French Prime Minister Michel Barnier said the country faces "storm" in financial markets if an "unlikely but possible" alliance of lawmakers across the political spectrum rejects his government's budget proposals and votes it out of power.

(3) Taxes on Britain's biggest businesses jumped sharply even before Chancellor of the Exchequer Rachel Reeves increased their burden in last month's budget.

(4) President-elect Donald Trump named Kevin Hassett to direct the National Economic Council and Jamieson Greer as the US Trade Representative, filling two key posts on his economic team.

(5) Bernard Arnault, CEO of LVMH, is set to testify in a criminal courtroom about an extortion attempt involving a former bodyguard and a paparazzo who demanded €300,000 in exchange for photos of him with a woman who wasn't his wife.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Israel reached a deal for a 60-day cease-fire with the Lebanese militant group Hezbollah after weeks of talks mediated by the US, a first step toward ending a conflict that's killed thousands of people and opening the door to fresh peace initiatives in the Gaza Strip. (2) French Prime Minister Michel Barnier said the country faces "storm" in financial markets if an "unlikely but possible" alliance of lawmakers across the political spectrum rejects his government's budget proposals and votes it out of power. (3) Taxes on Britain's biggest businesses jumped sharply even before Chancellor of the Exchequer Rachel Reeves increased their burden in last month's budget. (4) President-elect Donald Trump named Kevin Hassett to direct the National Economic Council and Jamieson Greer as the US Trade Representative, filling two key posts on his economic team. (5) Bernard Arnault, CEO of LVMH, is set to testify in a criminal courtroom about an extortion attempt involving a former bodyguard and a paparazzo who demanded €300,000 in exchange for photos of him with a woman who wasn't his wife.

Israel Hezbollah Cease-Fire Begins, French Bond 'Storm' Warning & Bernard Arnault Blackmail Case

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/097692f3-9148-4a68-849d-b235006c8259/transcript

President-elect Donald Trump has vowed additional tariffs on China as well as US neighbors Canada and Mexico. Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday. Former general counsel at the Office of the United States Trade Representative Jennifer Hillman says Trump announcing the plan before he’s in the office suggests he’s looking for Canada or Mexico to offer things to negotiate. She joined Eli Lee Chief Investment Strategist at Bank of Singapore for a special round table conversation with Bloomberg’s Haslinda Amin.

President-elect Donald Trump has vowed additional tariffs on China as well as US neighbors Canada and Mexico. Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday. Former general counsel at the Office of the United States Trade Representative Jennifer Hillman says Trump announcing the plan before he’s in the office suggests he’s looking for Canada or Mexico to offer things to negotiate. She joined Eli Lee Chief Investment Strategist at Bank of Singapore for a special round table conversation with Bloomberg’s Haslinda Amin.

Bonus Episode: Trump's New Tariff Vow 'Hugely Significant' 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/91f8987a-ab7e-42fe-8903-b2340079b464/transcript

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

On today's podcast:

(1) President-elect Donald Trump vowed additional tariffs on China as well as US neighbors Canada and Mexico, roiling markets with his first specific threat to curb global trade flows since his election win.

(2) The dollar rallied and shares dropped after President-elect Donald Trump said the US will impose additional tariffs on China, Mexico and Canada, ratcheting up concerns about his “America First” policies.

(3) Keir Starmer risks another battle over his Labour government’s controversial first budget, as the UK prime minister sets out his plan to reduce welfare spending by getting more people into work — at the same time as companies are warning of job cuts due to higher taxes.

(4) The UK government recently supplied Ukraine with dozens more Storm Shadow cruise missiles, according to people familiar with the matter, a first under Prime Minister Keir Starmer, who has pledged continued support for the country’s war against Russia.

(5) Ireland's election, like so many this year, has been littered with politicians promising voters the earth. What makes this different is that whoever wins has the money to deliver on many of their promises. Tiwa Adebayo

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President-elect Donald Trump vowed additional tariffs on China as well as US neighbors Canada and Mexico, roiling markets with his first specific threat to curb global trade flows since his election win. (2) The dollar rallied and shares dropped after President-elect Donald Trump said the US will impose additional tariffs on China, Mexico and Canada, ratcheting up concerns about his “America First” policies. (3) Keir Starmer risks another battle over his Labour government’s controversial first budget, as the UK prime minister sets out his plan to reduce welfare spending by getting more people into work — at the same time as companies are warning of job cuts due to higher taxes. (4) The UK government recently supplied Ukraine with dozens more Storm Shadow cruise missiles, according to people familiar with the matter, a first under Prime Minister Keir Starmer, who has pledged continued support for the country’s war against Russia. (5) Ireland's election, like so many this year, has been littered with politicians promising voters the earth. What makes this different is that whoever wins has the money to deliver on many of their promises. Tiwa Adebayo

Trump Vows Extra Tariffs On China, Mexico, Canada, Market Volatility Surges & Ireland's €100 Billion Test

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7c711cb4-7ce7-4e5d-bd1b-b234006bfa07/transcript

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

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