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 struggled in its Hong Kong debut after a years-long process to an initial public offering that eventually valued the company at a fraction of what it was once worth and still left investors questioning its value as consumer play.

(3) US Treasury Secretary Scott Bessent told Japanese Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that the Asian country’s next step should be to raise interest rates, NHK reports, citing an interview with a US official.

(4) Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia , part of an effort to quickly expand its AI capacity, according to a person familiar with the matter.

(5) Superstar Lionel Messi announced his retirement from Argentina’s national team after more than two decades, marking the end of an era for the football-obsessed South American nation.

Podcast Conversation: US Economy Needs Clusters Like Silicon Valley: Allison Schrager

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 struggled in its Hong Kong debut after a years-long process to an initial public offering that eventually valued the company at a fraction of what it was once worth and still left investors questioning its value as consumer play. (3) US Treasury Secretary Scott Bessent told Japanese Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that the Asian country&rsquo;s next step should be to raise interest rates, NHK reports, citing an interview with a US official. (4) Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia , part of an effort to quickly expand its AI capacity, according to a person familiar with the matter. (5) Superstar Lionel Messi announced his retirement from Argentina&rsquo;s national team after more than two decades, marking the end of an era for the football-obsessed South American nation. Podcast Conversation: <a href="https://www.google.com/goto?url=CAESqwEB6zswFWZsxA8HsA0ikL8_5FP4xOR-OOpLXZY9T4mAYjnOpjofqlRx2gumrVySYZH-dAwREnGo2zjTroZnVN-ag0cjgvhi5rj9lqixFN4N7RnUJjMRAJv2tCDfpf8lpy-Tu_23hz1yAqLcCwVBX2Dm9SJ82Lq4sEQtwIpNiem5GDE5t7aD16klvbqpoOv7rpP83qqp53b9rdiaq9UpdzjkAAg_55V_I-bMGz0" data-destination="https://www.google.com/goto?url=CAESqwEB6zswFWZsxA8HsA0ikL8_5FP4xOR-OOpLXZY9T4mAYjnOpjofqlRx2gumrVySYZH-dAwREnGo2zjTroZnVN-ag0cjgvhi5rj9lqixFN4N7RnUJjMRAJv2tCDfpf8lpy-Tu_23hz1yAqLcCwVBX2Dm9SJ82Lq4sEQtwIpNiem5GDE5t7aD16klvbqpoOv7rpP83qqp53b9rdiaq9UpdzjkAAg_55V_I-bMGz0">US Economy Needs Clusters Like Silicon Valley: Allison Schrager</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

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

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0fc1b825-8554-4b7d-80d3-b4b8005ad659/transcript