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

On today's podcast:

(1) Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz on Monday night, Axios reported, testing a late-June deal with the US to halt attacks as the two sides work toward a peace agreement.

(2) Asian equities fell as renewed selling in technology stocks deepened concerns that the AI-driven rally may have run ahead of itself.

(3) The outcome of Marine Le Pen’s appeal of her conviction for embezzling public funds could shape French and European politics for years.

(4) A fledgling rebound in European defense stocks faces a test this week, as investors look to a NATO summit for further clarity on member states’ defense spending plans.

(5) Andy Burnham, Britain’s likely next prime minister, faces competing advice from within his own camp on how to respond to the UK’s cost-of-living crisis, as he rushes to finalize his plans for government ahead of a Labour Party’s leadership contest he’s set to win.

(6) Team USA’s run in the World Cup came to an end on Monday as it failed to make the quarterfinals, while outrage over FIFA’s decision to allow striker Folarin Balogun to play continued to simmer.

Podcast Conversation: The World’s Most Romantic Destinations Are Becoming Family Playgrounds

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz on Monday night, Axios reported, testing a late-June deal with the US to halt attacks as the two sides work toward a peace agreement. (2) Asian equities fell as renewed selling in technology stocks deepened concerns that the AI-driven rally may have run ahead of itself. (3) The outcome of Marine Le Pen&rsquo;s appeal of her conviction for embezzling public funds could shape French and European politics for years. (4) A fledgling rebound in European defense stocks faces a test this week, as investors look to a NATO summit for further clarity on member states&rsquo; defense spending plans. (5) Andy Burnham, Britain&rsquo;s likely next prime minister, faces competing advice from within his own camp on how to respond to the UK&rsquo;s cost-of-living crisis, as he rushes to finalize his plans for government ahead of a Labour Party&rsquo;s leadership contest he&rsquo;s set to win. (6) Team USA&rsquo;s run in the World Cup came to an end on Monday as it failed to make the quarterfinals, while outrage over FIFA&rsquo;s decision to allow striker Folarin Balogun to play continued to simmer. Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2026-07-07/family-travel-looks-different-as-more-kids-join-parents-at-luxury-resorts" data-destination="https://www.bloomberg.com/news/articles/2026-07-07/family-travel-looks-different-as-more-kids-join-parents-at-luxury-resorts">The World&rsquo;s Most Romantic Destinations Are Becoming Family Playgrounds</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

Oil Tanker Set Ablaze, Le Pen’s Judgement Day, Belgium Thrash USA 4-1

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f9b1147a-e0a2-446a-8144-b480005f23f8/transcript