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

On today's podcast:

(1) Tesla reported its fourth straight quarter of disappointing profits on Tuesday, and Chief Executive Officer Elon Musk made clear that better days are still a ways off.

(2) Google parent Alphabet reported second-quarter revenue that exceeded analysts’ expectations, boosted by demand for cloud-computing services and advertising on its search engine.

(3) LVMH sales growth slowed last quarter as wealthy shoppers reined in spending on pricey Louis Vuitton handbags and Christian Dior couture.

(4) Vice President Kamala Harris assailed Republican Donald Trump in her first rally since launching her bid for the White House, characterizing their contest as a choice between two starkly divergent agendas for the US economy.

(5) The UK’s new prime minister Keir Starmer has suspended the party whip from seven of his own MPs after they backed a rebel amendment to scrap Britain’s two-child cap on welfare payments, the first rebellion he’s faced in the House of Commons since winning power. 

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Tesla reported its fourth straight quarter of disappointing profits on Tuesday, and Chief Executive Officer Elon Musk made clear that better days are still a ways off. (2) Google parent Alphabet reported second-quarter revenue that exceeded analysts’ expectations, boosted by demand for cloud-computing services and advertising on its search engine. (3) LVMH sales growth slowed last quarter as wealthy shoppers reined in spending on pricey Louis Vuitton handbags and Christian Dior couture. (4) Vice President Kamala Harris assailed Republican Donald Trump in her first rally since launching her bid for the White House, characterizing their contest as a choice between two starkly divergent agendas for the US economy. (5) The UK’s new prime minister Keir Starmer has suspended the party whip from seven of his own MPs after they backed a rebel amendment to scrap Britain’s two-child cap on welfare payments, the first rebellion he’s faced in the House of Commons since winning power.

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

Tesla Underwhelms Once Again, Harris' First Rally & Starmer Suspends MPs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1680c1b9-31d5-4920-9bbb-b1b7005cd71f/transcript

(1)  BHP the world's biggest miner, posted a full-year profit broadly in line with expectations, as revenue from iron ore and copper increased despite a deteriorating Chinese demand outlook.

(2) Pavel Durov, the CEO of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material.

(3) Longtime Apple Chief Financial Officer Luca Maestri will step down from the job at the end of the year, handing the role to top deputy Kevan Parekh after more than a decade.

(4) Despite a day of relative calm in the skies over Israel and Lebanon, tensions remained high Monday over the prospect that a regional war could erupt after Israel mounted what it called a preemptive strike that took out thousands of Hezbollah missile launchers.

(5) Prices in Britain's shops have fallen for the time in almost three years, as Bank of England policymakers mull further interest rate cuts.(6) UK banks are preparing for a red-hot corner in the lending market as the new Labour government's plan to address a housing shortage prompts developers to boost supply of homes. 

(1)  BHP the world's biggest miner, posted a full-year profit broadly in line with expectations, as revenue from iron ore and copper increased despite a deteriorating Chinese demand outlook. (2) Pavel Durov, the CEO of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material. (3) Longtime Apple Chief Financial Officer Luca Maestri will step down from the job at the end of the year, handing the role to top deputy Kevan Parekh after more than a decade. (4) Despite a day of relative calm in the skies over Israel and Lebanon, tensions remained high Monday over the prospect that a regional war could erupt after Israel mounted what it called a preemptive strike that took out thousands of Hezbollah missile launchers. (5) Prices in Britain's shops have fallen for the time in almost three years, as Bank of England policymakers mull further interest rate cuts.(6) UK banks are preparing for a red-hot corner in the lending market as the new Labour government's plan to address a housing shortage prompts developers to boost supply of homes.

BHP China Recovery Warning, Apple CFO Change & Middle East Calm

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/05ee343b-9274-417a-bd59-b1d90059e6fa/transcript

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.
In the US – a preview of U.S GDP and Core PCE data, and Nvidia earnings.
In the UK – a look at the weakness in Germany’s economy.
In Asia – a look at Japan’s leadership election. 

Edward Harrison, Bloomberg Senior Editor and the author of "The Everything Risk" newsletter
Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst
Oliver Crook, Bloomberg's Germany Correspondent 
Isabel Reynolds, Bloomberg Tokyo Bureau Chief

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.
<ul>
<li>In the US – a preview of U.S GDP and Core PCE data, and Nvidia earnings.</li>
<li>In the UK – a look at the weakness in Germany’s economy.</li>
<li>In Asia – a look at Japan’s leadership election. Edward Harrison, Bloomberg Senior Editor and the author of "The Everything Risk" newsletter Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst Oliver Crook, Bloomberg's Germany Correspondent Isabel Reynolds, Bloomberg Tokyo Bureau Chief</li>
</ul>

Daybreak Weekend: Nvidia Preview, Germany’s Economy, Japan’s Next Leader

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bd665cfd-55a7-46e8-9fc3-b1d500e413c9/transcript

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Bloomberg's Surveillance hosts Tom Keene and Lisa Abramowicz head out to Wyoming for the Fed's Jackson Hole Symposium.They speak with some of the biggest names in Central Banking, including:
Raphael Bostic, Atlanta Fed President
Loretta Mester, Former Cleveland Fed President
James Bullard, Former St Louis Fed President
Thomas Hoenig, Former Kansas City Fed President
Patrick Harker, Philadelphia Fed President

Bloomberg's Surveillance hosts Tom Keene and Lisa Abramowicz head out to Wyoming for the Fed's Jackson Hole Symposium.They speak with some of the biggest names in Central Banking, including:
<ul>
<li>Raphael Bostic, Atlanta Fed President</li>
<li>Loretta Mester, Former Cleveland Fed President</li>
<li>James Bullard, Former St Louis Fed President</li>
<li>Thomas Hoenig, Former Kansas City Fed President</li>
<li>Patrick Harker, Philadelphia Fed President</li>
</ul>

A Bloomberg Surveillance Jackson Hole Special

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/702d8b1f-df37-4e42-a085-b1d50101040f/transcript

Tesla Underwhelms Once Again, Harris' First Rally & Starmer Suspends MPs

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Bloomberg Daybreak: Europe Edition

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