On this special Christmas edition of Bloomberg Daybreak, host Nathan Hager speaks with:
Cameron Dawson, Chief Investment Officer at Newedge Wealth and Brian Levitt, Global Market Strategist at Invesco discuss what we should expect from markets in 2026
Amanda Agati, Chief Investment Officer at PNC, breaks down the cost of the 12 days of Christmas. 

On this special Christmas edition of Bloomberg Daybreak, host Nathan Hager speaks with:
<ul>
<li>Cameron Dawson, Chief Investment Officer at Newedge Wealth and&nbsp;Brian Levitt, Global Market Strategist at Invesco discuss what we should expect from markets in 2026</li>
<li>Amanda Agati, Chief Investment Officer at PNC, breaks down the cost of the 12 days of Christmas.&nbsp;</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 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.

Bloomberg Daybreak: US Edition

Daybreak Holiday: Market Expectations, The 12 Days of Christmas Cost

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/aa3b05f5-e793-48d1-8fff-b3bd00b715a0/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump finally tried to sell the American public on his Iran war. But his primetime address five weeks into the messy conflict instead underscored the US president’s growing defensive posture, as pressure mounts on global shipping routes, gas prices and his political party. Trump said the US operation was close to completion, in an attempt to reassure a skeptical public. Still, the speech lacked new announcements — most notably a precise timeline for an exit. He also pledged more aggressive actions in the next two to three weeks, including potential strikes on electrical plants. The president also did not present any new arguments or explanations for the war, instead reiterating his desire to destroy Iran’s military and nuclear capabilities. Likewise, there was no concrete plan for reopening the Strait of Hormuz, a vital energy thoroughfare. While he said diplomatic discussions continue, he shared no breakthroughs on ending the conflict. Treasury yields climbed and the dollar pushed higher as Trump’s remarks triggered gains in crude oil. US equity futures retreated.
2) European allies are skeptical President Trump will actually pull the US out of NATO. But they still fear the president’s renewed threats to do so are eroding the military alliance at a precarious moment. Trump on Wednesday capped mounting US critiques of the North Atlantic Treaty Organization with a suggestion that he was strongly considering leaving the alliance. His comments came after Secretary of State Marco Rubio, typically seen as Washington’s NATO defender, chided the alliance for its “very disappointing” response to the war in Iran. While the rhetoric isn’t particularly novel — Trump and his cohort have long bashed NATO allies as free-loaders who don’t help the US — the president’s latest ire is posing a greater risk to the alliance as his war in Iran deepens and he looks for people to blame, according to officials familiar with discussions among allies.
3) NASA’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. The initial phase of the 10-day mission to lap the moon, a multibillion-dollar feat about a decade in the making, clears a major hurdle for NASA and its legacy aerospace contractors as the agency works to establish a base on the lunar surface and ultimately venture to Mars. The crew’s Lockheed Martin Corp.-built Orion capsule, stacked on the shoulders of Boeing Co.’s Space Launch System rocket, thundered off the launchpad at 6:35 p.m. local time at Kennedy Space Center in Florida. The rocket system, taller than the Statue of Liberty, reached speeds of around 17,500 miles per hour as it hurtled to space. It blazed a trail of fire and smoke as it climbed and eventually shed its spent side boosters, which provided extra thrust.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President&nbsp;Trump&nbsp;finally tried to sell the American public on his Iran war.&nbsp;But his primetime address five weeks into the messy conflict instead underscored the US president&rsquo;s growing defensive posture, as pressure mounts on global shipping routes, gas prices and his political party. Trump said the US operation was close to completion, in an attempt to reassure a skeptical public. Still, the speech lacked new announcements &mdash; most notably a precise timeline for an exit. He also pledged more aggressive actions in the next two to three weeks, including potential strikes on electrical plants. The president also did not present any new arguments or explanations for the war, instead reiterating his desire to destroy Iran&rsquo;s military and nuclear capabilities. Likewise, there was no concrete plan for reopening the Strait of Hormuz, a vital energy thoroughfare. While he said diplomatic discussions continue, he shared no breakthroughs on ending the conflict. Treasury yields climbed and the dollar pushed higher as Trump&rsquo;s remarks triggered gains in crude oil. US equity futures retreated. 2) European allies are skeptical&nbsp;President Trump&nbsp;will actually pull the US out of NATO. But they still fear the president&rsquo;s renewed threats to do so are eroding the military alliance at a precarious moment. Trump on Wednesday capped mounting US critiques of the North Atlantic Treaty Organization with a suggestion that he was strongly considering leaving the alliance. His comments came after Secretary of State&nbsp;Marco Rubio, typically seen as Washington&rsquo;s NATO defender, chided the alliance for its &ldquo;very disappointing&rdquo; response to the war in Iran. While the rhetoric isn&rsquo;t particularly novel &mdash; Trump and his cohort have long bashed NATO allies as free-loaders who don&rsquo;t help the US &mdash; the president&rsquo;s latest ire is posing a greater risk to the alliance as his war in Iran deepens and he looks for people to blame, according to officials familiar with discussions among allies. 3) NASA&rsquo;s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. The initial phase of the 10-day mission to lap the moon, a multibillion-dollar feat about a decade in the making, clears a&nbsp;major hurdle&nbsp;for NASA and its legacy aerospace contractors as the agency works to establish a base on the lunar surface and ultimately venture to Mars. The crew&rsquo;s&nbsp;Lockheed Martin Corp.-built Orion capsule, stacked on the shoulders of&nbsp;Boeing Co.&rsquo;s Space Launch System rocket, thundered off the launchpad at 6:35 p.m. local time at&nbsp;Kennedy Space Center&nbsp;in Florida. The rocket system, taller than the Statue of Liberty, reached speeds of around 17,500 miles per hour as it hurtled to space. It blazed a trail of fire and smoke as it climbed and eventually shed its spent side boosters, which provided extra thrust.

Trump Wants Iran 'Back To The Stone Age,' Moon Mission Liftoff

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fc7d94ca-398b-49db-b890-b420009ce49e/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said he foresaw ending the war on Iran within two to three weeks, suggesting the US had largely accomplished its military goals and would leave it to other nations to resolve issues with the Strait of Hormuz. Trump indicated that it was possible that Iran could still reach a deal with the US during that timeframe but said an agreement with Tehran was not necessary for the war to end. Trump added the US would leave when Iran was not able to obtain nuclear weapons and claimed the regime now in power was better than the leadership before the war.
2) Oil tumbled after President Trump again signaled a potential end to the Iran war. Brent crude fell below $100 a barrel, while West Texas Intermediate was around $97. Trump told reporters that the US could leave Iran within two to three weeks, and indicated an agreement with Tehran may be reached but wasn’t necessary for the conflict to end. The president will give an address to the nation at 9 p.m. Eastern time on Wednesday to provide an update, White House Press Secretary Karoline Leavitt said. Trump has regularly vacillated between saying an Iran deal is imminent and warning he’s prepared to ramp up military operations.
3) The Supreme Court is set to hear arguments on President Trump's assertion that the 14th Amendment's citizenship provision was designed to cover only the children of freed slaves, amid his executive order to block citizenship for children of undocumented immigrants and temporary visitors. Trump will attend the oral arguments at 10am ET on Wednesday, according to his official schedule from the White House. Critics say Trump is seeking to rewrite the 14th Amendment, which promises citizenship to "all persons" born in the US and "subject to the jurisdiction thereof", a provision many scholars and public officials say is straightforward in its breadth.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President&nbsp;Trump&nbsp;said he foresaw ending the war on Iran within two to three weeks, suggesting the US had largely accomplished its military goals and would leave it to other nations to resolve issues with the Strait of Hormuz. Trump indicated that it was possible that Iran could still reach a deal with the US during that timeframe but said an agreement with Tehran was not necessary for the war to end. Trump added the US would leave when Iran was not able to obtain nuclear weapons and claimed the regime now in power was better than the leadership before the war. 2) Oil tumbled after President Trump again signaled a potential end to the Iran war. Brent crude fell below $100 a barrel, while West Texas Intermediate was around $97. Trump told reporters that the US could leave Iran within two to three weeks, and indicated an agreement with Tehran may be reached but wasn&rsquo;t necessary for the conflict to end. The president will give an address to the nation at 9 p.m. Eastern time on Wednesday to provide an update, White House Press Secretary Karoline Leavitt said. Trump has regularly vacillated between saying an Iran deal is imminent and warning he&rsquo;s prepared to ramp up military operations. 3) The Supreme Court is set to hear arguments on President Trump's assertion that the 14th Amendment's citizenship provision was designed to cover only the children of freed slaves, amid his executive order to block citizenship for children of undocumented immigrants and temporary visitors. Trump will attend the oral arguments at 10am ET on Wednesday, according to his official schedule from the White House. Critics say Trump is seeking to rewrite the 14th Amendment, which promises citizenship to "all persons" born in the US and "subject to the jurisdiction thereof", a provision many scholars and public officials say is straightforward in its breadth.

Trump: War To End Within 2-3 Weeks; Birthright Citizenship Hearing

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0122484c-b478-4796-86c8-b41f00a08f48/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran hit a fully laden Kuwaiti oil tanker off Dubai in a drone attack, a sign it’s willing to escalate strikes on energy sites and infrastructure as the war drags on. Despite the attack, crude prices were steady in early trading, with US benchmark prices trading at about a $102 a barrel. That was partly because of a report in the Wall Street Journal saying US President Donald Trump is willing to wind down hostilities and pressure Tehran diplomatically to reopen the Strait of Hormuz.
2) US gasoline climbed above an average of $4 a gallon for the first time since August 2022, one of the most visible measures of consumer pain in the world’s largest economy resulting from the war in Iran. The nationwide average retail price for regular unleaded gas rose to $4.018 a gallon on Monday, according to the American Automobile Association. Prices have surged by more than $1 since the start of the war, up from $2.98 on the day before the US and Israel launched attacks against Tehran.
3) Unilever Plc said talks to sell most of its food business to McCormick & Co. are advanced and a final deal could be announced later on Tuesday in a historic move that will transform both companies. The Anglo-Dutch maker of Hellmann’s mayonnaise will offload most of its food unit, excluding some parts like its operations in India, for $15.7 billion cash upfront and the rest in McCormick equity, according to a statement Tuesday.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran hit a fully laden Kuwaiti oil tanker off Dubai in a drone attack, a sign it&rsquo;s willing to escalate strikes on energy sites and infrastructure as the war drags on. Despite the attack, crude prices were steady in early trading, with US benchmark prices trading at about a $102 a barrel. That was partly because of a report in the Wall Street Journal saying US President Donald Trump is willing to wind down hostilities and pressure Tehran diplomatically to reopen the Strait of Hormuz. 2) US gasoline climbed above an average of $4 a gallon for the first time since August 2022, one of the most visible measures of consumer pain in the world&rsquo;s largest economy resulting from the war in Iran. The nationwide average retail price for regular unleaded gas rose to $4.018 a gallon on Monday, according to the American Automobile Association. Prices have surged by more than $1 since the start of the war, up from $2.98 on the day before the US and Israel launched attacks against Tehran. 3) Unilever Plc said talks to sell most of its food business to McCormick &amp; Co. are advanced and a final deal could be announced later on Tuesday in a historic move that will transform both companies. The Anglo-Dutch maker of Hellmann&rsquo;s mayonnaise will offload most of its food unit, excluding some parts like its operations in India, for $15.7 billion cash upfront and the rest in McCormick equity, according to a statement Tuesday.

Trump Reportedly Weighs War Exit; US Fuel Prices Soar

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/424ef313-329b-4be6-ad0f-b41e009c818e/transcript

Daybreak Holiday: Market Expectations, The 12 Days of Christmas Cost

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