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 at U.S CPI and Retail sales data, along with quarterly earnings from McDonalds.
In the UK – a look at a summit on artificial intelligence taking place in Paris.
In Asia – a look at the potential fallout of Donald Trump's trade war with China.

 

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 at U.S CPI and Retail sales data, along with quarterly earnings from McDonalds.</li>
<li>In the UK &ndash; a look at a summit on artificial intelligence taking place in Paris.</li>
<li>In Asia &ndash; a look at the potential fallout of Donald Trump's trade war with China.</li>
</ul>
&nbsp;

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 Weekend: US CPI, Paris AI Summit, Trade War

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d689a205-9358-4498-86eb-b27d014526f9/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Ukrainian President Volodymyr Zelenskyy has ordered attacks on Russian oil refineries to resume in a spiraling confrontation with Donald Trump over restrictions on US intelligence assistance.Zelenskyy said he’s ending a three-day pause on strikes in response to the US president’s call last week for an “energy ceasefire” after he accused Trump and billionaire Elon Musk of restraining Kyiv’s ability to defend itself against Russian missile and drone attacks.
2) President Donald Trump called for executing individuals who leak information to the media during a campaign rally as he railed against what he cast as critical coverage of the war in Iran. “In my opinion, leakers should be shot. They should be shot. In the old days, we used to shoot leakers,” Trump said at the campaign event in Bullhead City, Arizona. “Leakers should be dealt with very, very strongly. They’re real. To me, they’re the scum of the earth.”
3) Global equities fell as a selloff in the artificial-intelligence trade gathered speed and pushed investors toward the safety of bonds.S&P 500 futures were down 0.3% while Nasdaq 100 contracts retreated 1.2%. The leg lower came as Anthropic PBC disclosed $16.8 billion in third-quarter growth to prospective investors, figures that suggested the pace of growth had slowed even as it remained robust.An exchange-traded fund tracking chipmakers signaled the sector’s six-day selloff was set to continue. CoreWeave Inc. fell a further 6% in premarket trading after Wednesday’s 15% rout when its bonds also dropped to levels that typically show distress.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Ukrainian President Volodymyr Zelenskyy has ordered attacks on Russian oil refineries to resume in a spiraling confrontation with Donald Trump over restrictions on US intelligence assistance.Zelenskyy said he&rsquo;s ending a three-day pause on strikes in response to the US president&rsquo;s call last week for an &ldquo;energy ceasefire&rdquo; after he accused Trump and billionaire Elon Musk of restraining Kyiv&rsquo;s ability to defend itself against Russian missile and drone attacks. 2) President Donald Trump called for executing individuals who leak information to the media during a campaign rally as he railed against what he cast as critical coverage of the war in Iran. &ldquo;In my opinion, leakers should be shot. They should be shot. In the old days, we used to shoot leakers,&rdquo; Trump said at the campaign event in Bullhead City, Arizona. &ldquo;Leakers should be dealt with very, very strongly. They&rsquo;re real. To me, they&rsquo;re the scum of the earth.&rdquo; 3) Global equities fell as a selloff in the artificial-intelligence trade gathered speed and pushed investors toward the safety of bonds.S&amp;P 500 futures were down 0.3% while Nasdaq 100 contracts retreated 1.2%. The leg lower came as Anthropic PBC disclosed $16.8 billion in third-quarter growth to prospective investors, figures that suggested the pace of growth had slowed even as it remained robust.An exchange-traded fund tracking chipmakers signaled the sector&rsquo;s six-day selloff was set to continue. CoreWeave Inc. fell a further 6% in premarket trading after Wednesday&rsquo;s 15% rout when its bonds also dropped to levels that typically show distress.

Zelenskyy Defies Trump; Leakers 'Should Be Shot' Says President

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95e46d80-b7cc-444e-8ac6-b4e400a1d58d/transcript

Today's top stories, with context, in just 15 minutes.   

On today's podcast:   

1) A series of Midterm debates took place Tuesday night across the country, with Election Day just weeks away. In New York, Governor Kathy Hochul faced off with her Republican challenger Bruce Blakeman. Senate debates took place in Massachusetts, Maine, Georgia, and Iowa. Along with partisan barbs, the economy was a central theme across all of the conversations, and it comes as investors get a slew of economic news this week and this morning with the September CPI due out.   

2) Russia said it attacked Ukrainian electricity plants in a "massive strike" overnight, targeting six thermal plants and a substation. Ukrainian President Volodymyr Zelenskyy said the strike was "entirely deliberate and demonstrative in its scale" and targeted "the very infrastructure covered by the ceasefire announced by the American President." Three people were killed and 25 injured in the attack, which also caused water and power cuts in Kyiv, according to Ukrainian Prime Minister Serhii Koretskyi.   

3) An employee at OpenAI, Abdulrahman Alfozan, was arrested and charged with using a hidden recording device in one of the company's San Francisco offices. The device was discovered by OpenAI's security team on Sept. 30 in an executive conference room, and Alfozan is alleged to have placed it there around Sept. 28. OpenAI said it has no indications that Alfozan inappropriately accessed or exfiltrated model weights, source code, or customer data, and that the investigation is still ongoing.

Today's top stories, with context, in just 15 minutes.&nbsp; &nbsp; On today's podcast:&nbsp; &nbsp; 1) A series of Midterm debates took place Tuesday night across the country, with Election Day just weeks away. In New York, Governor Kathy Hochul faced off with her Republican challenger Bruce Blakeman. Senate debates took place in Massachusetts, Maine, Georgia, and Iowa. Along with partisan barbs, the economy was a central theme across all of the conversations, and it comes as investors get a slew of economic news this week and this morning with the September CPI due out.&nbsp; &nbsp; 2) Russia said it attacked Ukrainian electricity plants in a "massive strike" overnight, targeting six thermal plants and a substation. Ukrainian President Volodymyr Zelenskyy said the strike was "entirely deliberate and demonstrative in its scale" and targeted "the very infrastructure covered by the ceasefire announced by the American President." Three people were killed and 25 injured in the attack, which also caused water and power cuts in Kyiv, according to Ukrainian Prime Minister Serhii Koretskyi.&nbsp; &nbsp; 3) An employee at OpenAI, Abdulrahman Alfozan, was arrested and charged with using a hidden recording device in one of the company's San Francisco offices. The device was discovered by OpenAI's security team on Sept. 30 in an executive conference room, and Alfozan is alleged to have placed it there around Sept. 28. OpenAI said it has no indications that Alfozan inappropriately accessed or exfiltrated model weights, source code, or customer data, and that the investigation is still ongoing.

Midterm Debates Heat Up; Russia-Ukraine Energy Ceasefire in Limbo

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/614e56af-fd41-4d72-a014-b4e300a1008b/transcript

Today's top stories, with context, in just 15 minutes.   

On today's podcast:   

1) President Trump dismissed concerns that Russia and China might be helping Iran in its war with the US, adding that the two countries would have “too much to lose” in aiding the Islamic Republic. China and Russia have maintained close ties with Iran for decades but have denied providing arms assistance to Tehran in its conflict with the US that began in late February. There have, however, been reports of military cooperation. The Wall Street Journal has reported that Chinese entities shipped components used in Iran’s drones and missiles, while US officials linked satellite imagery obtained from Chinese sources to an Iranian strike that killed three American troops.   

2) Saudi Arabia intercepted ballistic missiles launched by Yemen's Houthis, targeting Riyadh and Khamis Mushait. The attacks pose a challenge to Saudi Crown Prince Mohammed bin Salman's efforts to transform the kingdom's economy, with recent strikes suspending operations at Riyadh's main airport. The US is assisting Riyadh with intelligence and aerial refueling, and US President Donald Trump said he is considering joining in the fight against the Iran-backed militant group.   

3) Global investors chasing the AI-powered equity rally are the most exposed to technology stocks since the rebound from the Covid pandemic six years ago, according to a poll by Bank of America Corp.The proportion of fund managers who are overweight the tech sector has risen to 37% from 30% last month, the highest since August 2020, the survey shows. About 45% of respondents agreed that there will be an AI bubble in 2027, with 42% saying no.Artificial intelligence has been the hottest trade in equities, driving gains of almost 120% in the S&P 500 Index during a four-year bull run. But some of the enthusiasm around AI is fading as investors question whether returns will justify the heavy spending on the technology. Respondents in the October BofA survey said global semiconductor stocks were the market’s most crowded trade.Eric Mollo

Today's top stories, with context, in just 15 minutes.&nbsp; &nbsp; On today's podcast:&nbsp; &nbsp; 1) President Trump dismissed concerns that Russia and China might be helping Iran in its war with the US, adding that the two countries would have &ldquo;too much to lose&rdquo; in aiding the Islamic Republic. China and Russia have maintained close ties with Iran for decades but have denied providing arms assistance to Tehran in its conflict with the US that began in late February. There have, however, been reports of military cooperation. The Wall Street Journal has reported that Chinese entities shipped components used in Iran&rsquo;s drones and missiles, while US officials linked satellite imagery obtained from Chinese sources to an Iranian strike that killed three American troops.&nbsp; &nbsp; 2) Saudi Arabia intercepted ballistic missiles launched by Yemen's Houthis, targeting Riyadh and Khamis Mushait. The attacks pose a challenge to Saudi Crown Prince Mohammed bin Salman's efforts to transform the kingdom's economy, with recent strikes suspending operations at Riyadh's main airport. The US is assisting Riyadh with intelligence and aerial refueling, and US President Donald Trump said he is considering joining in the fight against the Iran-backed militant group.&nbsp; &nbsp; 3) Global investors chasing the AI-powered equity rally are the most exposed to technology stocks since the rebound from the Covid pandemic six years ago, according to a poll by Bank of America Corp.The proportion of fund managers who are overweight the tech sector has risen to 37% from 30% last month, the highest since August 2020, the survey shows. About 45% of respondents agreed that there will be an AI bubble in 2027, with 42% saying no.Artificial intelligence has been the hottest trade in equities, driving gains of almost 120% in the S&amp;P 500 Index during a four-year bull run. But some of the enthusiasm around AI is fading as investors question whether returns will justify the heavy spending on the technology. Respondents in the October BofA survey said global semiconductor stocks were the market&rsquo;s most crowded trade.Eric Mollo

Trump Dismisses Iran Aid Concerns; Houthis Continue Saudi Attacks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e2143275-77ea-41b1-bb79-b4e2009bd960/transcript

Daybreak Weekend: US CPI, Paris AI Summit, Trade War

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