Bessent's Gains Wiped Out, Gilts Lead Global Selloff, Putting AI in Your Mouth

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The yield on 30-year US government bonds climbed back to levels seen just before Treasury Secretary Scott Bessent expanded a buyback program in an effort to contain long-term borrowing costs. (2) UK Prime Min…

Shein's Unfashionable IPO, Bond Yields Hit 2008 Highs, Lionel Messi Retires

Your morning briefing. All the news you need to start your day. On today's podcast: (1) US Army Secretary Dan Driscoll is stepping down after repeated clashes with his boss, Pete Hegseth, leaving the service without several top leaders even as the conflict with Iran continues. (2) Shein struggle…

US & Iran Resume Attacks, Oil Moves Higher, Reflecting on Jackson Hole

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The US and Iran exchanged strikes for the first time in about a month as American forces hit Iranian rocket launchers and the Islamic Republic responded by firing missiles toward Jordan. (2) President Donald …

Daybreak Weekend: US Jobs, Germany Elections, South Korea Inflation

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the August jobs report and a focus on 3 stocks for the week ahead. In the UK – a look ahead to state elections in eastern Germany. In Asia – a look …

Kevin Warsh Takes Center Stage, France’s Debt Divide, America Bets on English Football

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A chorus of investors is urging Federal Reserve Chairman Kevin Warsh to provide a strong rebuke of high inflation to boost the long end of the Treasury market. (2) Federal Reserve officials continue to send m…

Nvidia Reignites AI Rally, Iran-Oman Hormuz Deal, The Free Money Test

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Nvidia, the chipmaker at the heart of the artificial intelligence boom, gave a bullish sales outlook for fiscal 2028, easing concerns that AI spending is poised to lose momentum. (2) Iran’s military said it r…

Hormuz Talks, A Trade War of Words, Ceuta's Aftermath

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, according to a joint statement carried…

Washington's China Collision Course, Burnham Exclusive, The AI Hiring Era

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of what he called an “economic D-Day” campaign to isolate the Islamic Republic and end nearl…

Canada's US Trade War, Bessent's 'Economic D-Day', Bonds Brace for Warsh

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before the midterm elections after trade negotiations collapsed, according to people familiar with the m…

Daybreak Weekend: Jackson Hole, France Conference, Tokyo CPI

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to Fed Chair Kevin Warsh’s speech in Jackson Hole and earnings from chip giant, Nvidia. In the UK – a look ahead to a key meeting of French business le…