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 look ahead to U.S Retail sales and earnings from Netflix.
In the UK – a look ahead to next week’s ECB meeting.
In Asia – a look ahead to earnings from TSMC.

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 &ndash; a look ahead to U.S Retail sales and earnings from Netflix.</li>
<li>In the UK &ndash; a look ahead to next week&rsquo;s ECB meeting.</li>
<li>In Asia &ndash; a look ahead to earnings from TSMC.</li>
</ul>

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Bloomberg Daybreak: US Edition

Daybreak Weekend: U.S Retail, ECB Meeting, TSMC Earnings

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/051b702b-f4d0-4855-8de0-b2bc013c5631/transcript

On today's podcast:
1) The investigation into the killing of a US citizen by an ICE agent in Minneapolis this week is being complicated by clashes between federal and local officials, with the FBI taking control over the objections of Governor Tim Walz. State authorities questioned whether a federal probe could be trusted, especially given comments by Trump administration officials that seemed to exonerate the officer. The Minnesota Bureau of Criminal Apprehension said that after it was invited to participate in the probe of Wednesday’s shooting, federal officials later decided the state wouldn’t get access to evidence or interviews. As tense protests continued for a second day, Walz said he ordered the state National Guard to be “staged and ready” to assist with protecting infrastructure and aiding local law enforcement if needed. 
2) The fate of the majority of President Trump’s tariffs is in the hands of the US Supreme Court, which could rule as soon as today on the legality of the sweeping levies. Lower courts ruled in 2025 that the tariffs were issued illegally, but the import taxes remained in place to allow the Trump administration to make its case before the Supreme Court. At a hearing on November 5th, the justices appeared skeptical that Trump had the authority to unilaterally impose tariffs under a 1977 law that gives the president special powers during emergency situations. The tariffs in question include levies of between 10% and 50% on most imports, imposed by Trump using the International Emergency Economic Powers Act.
3) A band of House Republicans bucked party leaders to join Democrats in passing a measure to restore expired Obamacare subsidies through the end of President Trump’s term, as rising health care costs drive midterm election anxieties. The House voted 230-196 Thursday to send a three-year extension of the expired tax credits to the Senate. Seventeen Republicans supported the measure. The measure is unlikely to overcome Republican opposition in the Senate, but several of the Republican defectors said they hoped a strong showing in the House would increase pressure on the Senate to reach a bipartisan compromise.

On today's podcast: 1) The investigation into the killing of a US citizen by an&nbsp;ICE&nbsp;agent in Minneapolis this week is being complicated by clashes between federal and local officials, with the FBI taking control over the objections of Governor&nbsp;Tim Walz. State authorities questioned whether a federal probe could be trusted, especially given comments by Trump administration officials that seemed to exonerate the officer. The Minnesota Bureau of Criminal Apprehension&nbsp;said&nbsp;that after it was invited to participate in the probe of Wednesday&rsquo;s shooting, federal officials later decided the state wouldn&rsquo;t get access to evidence or interviews.&nbsp;As tense protests continued for a second day, Walz&nbsp;said&nbsp;he ordered the state National Guard to be &ldquo;staged and ready&rdquo; to assist with protecting infrastructure and aiding local law enforcement if needed.&nbsp; 2) The fate of the majority of President&nbsp;Trump&rsquo;s tariffs is in the hands of the&nbsp;US Supreme Court, which could rule as soon as today on the legality of the sweeping levies. Lower courts&nbsp;ruled&nbsp;in 2025 that the tariffs were issued illegally, but the import taxes remained in place to allow the Trump administration to make its case before the Supreme Court. At a hearing on November 5th, the justices&nbsp;appeared skeptical&nbsp;that Trump had the authority to unilaterally impose tariffs under a 1977 law that gives the president special powers during emergency situations. The tariffs in question include levies of between 10% and 50% on most imports, imposed by Trump using the International Emergency Economic Powers Act. 3) A band of House Republicans bucked party leaders to join Democrats in passing a measure to restore expired Obamacare subsidies through the end of President&nbsp;Trump&rsquo;s term, as rising health care costs drive midterm election anxieties. The House voted 230-196 Thursday to send a three-year extension of the expired tax credits to the Senate. Seventeen Republicans supported the measure.&nbsp;The measure is unlikely to overcome Republican opposition in the Senate, but several of the Republican defectors said they hoped a strong showing in the House would increase pressure on the Senate to reach a bipartisan compromise.

Walz Clashes With Noem Over ICE Shooting Probe; Trump’s Tariffs Face Supreme Court Test

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ca4edc76-f0f4-44f3-9627-b3cd00b461a3/transcript

On today's podcast:
1) An Immigration and Customs Enforcement officer fatally shot a woman during a confrontation in Minneapolis, sparking an uproar over the presence of ICE agents in the city and heightening political divisions around the Trump administration’s migrant crackdown. The Wednesday shooting — caught on video and shared widely on social media — happened during what federal officials described as a targeted operation amid a broader immigration effort. President Trump and his allies cast it as an incident of self-defense, a view that the mayor of Minneapolis called a “garbage narrative.” The deadly incident fueled a national debate over Trump’s efforts to send heavily armed federal agents into US cities in his push for mass deportations, with operations ramping up last year from Chicago to Los Angeles.
2) US forces seized two more sanctioned oil tankers as part of its energy quarantine of Venezuela, signaling that the Trump administration will ratchet up its pressure campaign days after capturing President Nicolas Maduro. The first ship, the M/V Bella 1, was seized in the Atlantic south of Iceland after a chase that began weeks ago when the vessel evaded capture near Venezuela and registered under a Russian flag in a bid to protect itself. The Pentagon then announced the seizure of the M/T Sophia, another sanctioned vessel that officials said had been conducting illicit activities in the Caribbean Sea.
3) US officials are rushing to come up with options for business deals and other ways to step up links to Greenland, taken by surprise by President Trump’s renewed demand to take over the island, people familiar with the matter said. Trump has long wanted the territory for what he says are security reasons. But after a flurry of activity on the issue early last year, including a trip there by his vice president, once-urgent efforts to realize the president’s vision moved to the back burner, according to sources. On Tuesday, the White House said it wouldn’t rule out military action, while European leaders issued an unprecedented warning to dissuade Washington from trying to seize territory from a NATO ally.

On today's podcast: 1) An Immigration and Customs Enforcement officer fatally shot a woman during a confrontation in&nbsp;Minneapolis, sparking an uproar over the presence of&nbsp;ICE&nbsp;agents in the city and heightening political divisions around the Trump administration&rsquo;s migrant crackdown.&nbsp;The Wednesday shooting &mdash; caught on video and shared widely on social media &mdash; happened during what federal officials described as a targeted operation amid a broader immigration effort. President&nbsp;Trump&nbsp;and his allies cast it as an incident of self-defense, a view that the mayor of Minneapolis called a &ldquo;garbage narrative.&rdquo; The deadly incident fueled a national debate over Trump&rsquo;s efforts to send heavily armed federal agents into US cities in his push for mass deportations, with operations ramping up last year from Chicago to Los Angeles. 2) US forces seized two more sanctioned oil tankers as part of its energy quarantine of Venezuela, signaling that the Trump administration will ratchet up its pressure campaign days after capturing President&nbsp;Nicolas Maduro. The first ship, the M/V Bella 1, was seized in the Atlantic south of Iceland after a chase that began weeks ago when the vessel evaded capture near Venezuela and registered under a Russian flag in a bid to protect itself. The Pentagon then announced the seizure of the M/T Sophia, another sanctioned vessel that officials said had been conducting illicit activities in the Caribbean Sea. 3) US officials are rushing to come up with options for business deals and other ways to step up links to Greenland, taken by surprise by President&nbsp;Trump&rsquo;s renewed demand to take over the island, people familiar with the matter said. Trump has long wanted the territory for what he says are security reasons. But after a flurry of activity on the issue early last year, including a trip there by his vice president, once-urgent efforts to realize the president&rsquo;s vision moved to the back burner, according to sources.&nbsp;On Tuesday, the White House said it wouldn&rsquo;t rule out&nbsp;military action, while European leaders issued an unprecedented warning to dissuade Washington from trying to seize territory from a NATO ally.

ICE Minneapolis Shooting Sparks Anger; US Seizes Two More Tankers in Venezuela Campaign

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/023b7b0c-d837-4f31-933f-b3cc00ac87d3/transcript

On today's podcast:
1) President Trump said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries. The announcement late on Tuesday, which came with few details, marked a significant step up for the US government as it seeks to extend its economic influence in Venezuela and beyond after the capture of leader Nicolas Maduro over the weekend. It’s also a blow to China, previously the top buyer of the country’s oil and a close partner. The volumes cited by Trump would represent about 30 to 50 days of Venezuelan oil production before the US’s partial blockade of the country — much reduced from historic levels.
2)  President Trump won’t rule out the use of military force to acquire Greenland, the White House said, escalating tension with Denmark, a fellow NATO member, over a dispute that’s surged back into public view following the ouster of Venezuelan strongman Nicolas Maduro. Trump is considering many ways of achieving his goal of acquiring the Arctic island, White House Press Secretary Karoline Leavitt said in a statement. Still, Secretary of State Marco Rubio downplayed the notion of military action in a briefing with lawmakers on Monday, instead signaling that an invasion was not imminent and that the goal was to buy the island from Denmark, the Wall Street Journal reported.
3) President Trump implored Republicans to turn around their political fortunes ahead of November’s midterm elections, warning that if Democrats retake control of Congress, he would be impeached for a third time. Trump offered a familiar blueprint for majority parties, which historically have lost seats in off-year elections: blaming their troubles on messaging problems and insisting that voters just aren’t seeing their achievements. Trump predicted the GOP would pull off an “epic” victory and defy those trends. Yet polls showing Americans’ dissatisfaction with his leadership and the state of the economy bode poorly for Republicans’ chances of keeping control of Congress.

On today's podcast: 1) President&nbsp;Trump&nbsp;said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries. The announcement late on Tuesday, which came with few details, marked a significant step up for the US government as it seeks to extend its economic influence in Venezuela and beyond after the capture of leader&nbsp;Nicolas Maduro&nbsp;over the weekend. It&rsquo;s also a blow to China, previously the top buyer of the country&rsquo;s oil and a close partner. The volumes cited by Trump would represent about 30 to 50 days of Venezuelan oil production before the US&rsquo;s partial blockade of the country &mdash; much reduced from historic levels. 2) &nbsp;President&nbsp;Trump&nbsp;won&rsquo;t rule out the use of military force to acquire Greenland, the White House said, escalating tension with Denmark, a fellow NATO member, over a dispute that&rsquo;s surged back into public view following the ouster of Venezuelan strongman&nbsp;Nicolas Maduro. Trump is considering many ways of achieving his goal of acquiring the Arctic island, White House Press Secretary&nbsp;Karoline Leavitt&nbsp;said in a statement. Still, Secretary of State&nbsp;Marco Rubio&nbsp;downplayed the notion of military action in a briefing with lawmakers on Monday, instead signaling that an invasion was not imminent and that the goal was to buy the island from Denmark, the Wall Street Journal&nbsp;reported. 3) President Trump&nbsp;implored Republicans to turn around their political fortunes ahead of November&rsquo;s midterm elections, warning that if Democrats retake control of Congress, he would be impeached for a third time. Trump offered a familiar blueprint for majority parties, which historically have lost seats in off-year elections: blaming their troubles on messaging problems and insisting that voters just aren&rsquo;t seeing their achievements. Trump predicted the GOP would pull off an &ldquo;epic&rdquo; victory and defy those trends. Yet polls showing Americans&rsquo; dissatisfaction with his leadership and the state of the economy bode poorly for Republicans&rsquo; chances of keeping control of Congress.

Trump Says Venezuela to Send Up to $2.8 BN of Oil; US Won’t Rule Out Military Force to Acquire Greenland

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e6c083c4-8431-4018-9442-b3cb00ae01d3/transcript

Daybreak Weekend: U.S Retail, ECB Meeting, TSMC Earnings

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