On this special Memorial Day edition of Bloomberg Daybreak - hosted by Nathan Hager. 
We look at the challenges ahead for new Fed Chair Kevin Warsh with Bloomberg News International Economics & Policy correspondent Michael McKee and Anna Wong, Chief US Economist with Bloomberg Economics
We preview Costco and Best Buy earnings with Bloomberg Intelligence Analysts Jenn Bartashus and Lindsay Dutch
And as we we kick off the unofficial start of summer, we will tell why this could be one of the most expensive Memorial Days on record. We break it all down with Bloomberg's Julia Fanzeres and Mark Niquette

On this special Memorial Day edition of Bloomberg Daybreak - hosted by Nathan Hager.&nbsp;
<ul>
<li>We look at the challenges ahead for new Fed Chair Kevin Warsh with Bloomberg News International Economics &amp; Policy correspondent Michael McKee and Anna Wong, Chief US Economist with Bloomberg Economics</li>
<li>We preview Costco and Best Buy earnings with Bloomberg Intelligence Analysts Jenn Bartashus and Lindsay Dutch</li>
<li>And as we we kick off the unofficial start of summer, we will tell why this could be one of the most expensive Memorial Days on record. We break it all down with Bloomberg's Julia Fanzeres and Mark Niquette</li>
</ul>

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Daybreak Holiday: Kevin Warsh, Costco, Inflation's Impact on Memorial Day

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8670f2d0-10f4-4c3e-b94a-b45200e15ab3/transcript

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 U.S CPI and PPI reports and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the next decision from the European Central Bank.
In Asia – a look ahead to the 18th BRICS Summit in India.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
<ul>
<li>In the US &ndash; a look ahead to the U.S CPI and PPI reports and a focus on 3 stocks for the week ahead.</li>
<li>In the UK &ndash; a look ahead to the next decision from the European Central Bank.</li>
<li>In Asia &ndash; a look ahead to the 18th BRICS Summit in India.</li>
</ul>

Daybreak Weekend: US CPI, ECB Decision, BRICS Summit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ede1fd5e-1c04-4edc-8422-b4bb013f0666/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) US Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as “a war” given major combat operations ended months ago — even after a brief resumption of military strikes earlier in the week.
2) Bloomberg Economics expects the unemployment rate to rise in August, and payroll gains to increase at a subpar pace. We see risks to our forecast tilted toward a higher unemployment rate and even lower payrolls.
3) Anthropic PBC is set to finalize an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, clearing a hurdle before the artificial intelligence firm’s public filing for its highly anticipated IPO.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) US Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as &ldquo;a war&rdquo; given major combat operations ended months ago &mdash; even after a brief resumption of military strikes earlier in the week. 2) Bloomberg Economics expects the unemployment rate to rise in August, and payroll gains to increase at a subpar pace. We see risks to our forecast tilted toward a higher unemployment rate and even lower payrolls. 3) Anthropic PBC is set to finalize an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, clearing a hurdle before the artificial intelligence firm&rsquo;s public filing for its highly anticipated IPO.

Vance Says Iran Conflict Isn’t a ‘War’; August Jobs in Focus

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/90905927-560b-4520-9394-b4bb00a04538/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The US and Iran have intensified tit-for-tat military strikes, with Iran hitting merchant vessels and the US striking Islamic Revolutionary Guard Corps sites. Iran said the US killed 18 people with its attacks, and vowed to punish Washington for a strike on a wedding ceremony that killed at least four people and injured 67. The conflict has led to a rise in energy prices, with Brent crude oil climbing more than 6% this week to $95 a barrel, and US pump prices for diesel at a four-year high.
2) US retail diesel prices have hit the highest since mid-2022, topping a peak seen during the early stages of the Iran war. The national average pump price climbed to $5.783 a gallon on Wednesday, surpassing the wartime peak set in April, and is approaching the all-time high of $5.816 in June 2022. The surge in prices presents a political headache for President Donald Trump, as he contends with mounting cost-of-living concerns before November’s midterm elections.
3) A disagreement between Chinese and US officials at a Group of 20 finance chiefs meeting revolved around a dispute over the phrase “non-market” in a sentence addressing trade imbalances. The US side attributed the impasse to disagreements on language spanning issues from critical minerals to debt restructuring, while Chinese officials saw the term as a veiled attack on state-owned companies. The final chair statement from the US included a line saying countries should agree to “eliminate non-market policies and practices that exacerbate imbalances,” which was opposed by China.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran have intensified tit-for-tat military strikes, with Iran hitting merchant vessels and the US striking Islamic Revolutionary Guard Corps sites. Iran said the US killed 18 people with its attacks, and vowed to punish Washington for a strike on a wedding ceremony that killed at least four people and injured 67. The conflict has led to a rise in energy prices, with Brent crude oil climbing more than 6% this week to $95 a barrel, and US pump prices for diesel at a four-year high. 2) US retail diesel prices have hit the highest since mid-2022, topping a peak seen during the early stages of the Iran war. The national average pump price climbed to $5.783 a gallon on Wednesday, surpassing the wartime peak set in April, and is approaching the all-time high of $5.816 in June 2022. The surge in prices presents a political headache for President Donald Trump, as he contends with mounting cost-of-living concerns before November&rsquo;s midterm elections. 3) A disagreement between Chinese and US officials at a Group of 20 finance chiefs meeting revolved around a dispute over the phrase &ldquo;non-market&rdquo; in a sentence addressing trade imbalances. The US side attributed the impasse to disagreements on language spanning issues from critical minerals to debt restructuring, while Chinese officials saw the term as a veiled attack on state-owned companies. The final chair statement from the US included a line saying countries should agree to &ldquo;eliminate non-market policies and practices that exacerbate imbalances,&rdquo; which was opposed by China.

US-Iran War Stalled; Diesel Hits Four-Year High

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b22bbedd-b270-40c3-a06b-b4ba009c507a/transcript

Daybreak Holiday: Kevin Warsh, Costco, Inflation's Impact on Memorial Day

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