Bloomberg's Nathan Hager breaks down the latest PCE data with Bloomberg Economics and Policy Editor Michael McKee. Plus, reaction to the data from Tom Porcelli, Chief US Economist at PGIM Fixed Income, and Wells Fargo Senior Economist Sarah House. 

Bloomberg's Nathan Hager breaks down the latest PCE data with Bloomberg Economics and Policy Editor Michael McKee. Plus, reaction to the data from Tom Porcelli, Chief US Economist at PGIM Fixed Income, and Wells Fargo Senior Economist Sarah House.

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

Instant Reaction: Inflation Data

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On today's podcast:   

1) President Trump’s campaign to end the war in Ukraine faced new complications on Monday when Russian President Vladimir Putin said he would revise his country’s negotiating position after the Russian leader claimed Ukrainian drones targeted his residence. Putin told Trump of his decision in a call Monday, according to the Kremlin, even as Kyiv cast the Russian allegations as a fabrication aimed at derailing the peace process. Trump addressed the dispute while speaking to reporters in Florida, saying that Putin had told him about the purported attack during their discussion. The US president, seeming to side with Putin, said he was “very angry.”   

2) President Trump expressed concern that Iran is moving to rebuild its nuclear capabilities and bolster its ballistic missile program after strikes by the US and Israel earlier this year, and threatened to target the country again to prevent Tehran from stockpiling weapons. “Now I hear that Iran is trying to build up again, and if they are we are going to have to knock them down,” Trump said Monday at his Mar-a-Lago resort in Florida as he met with Israeli Prime Minister Benjamin Netanyahu. The president also said he would support Israel in strikes if Iran continued with its ballistic missile program, which Netanyahu highlighted earlier this year as “existential” threat along with Tehran’s nuclear development.   

3) President Trump said the US struck a facility inside Venezuela, in what would be a significant escalation in its campaign against alleged drug trafficking operations there. Trump’s reference to an attack within Venezuela would mark the first time the US has announced a land strike in the country. The administration has raised pressure on the government of Nicolas Maduro by bombing boats in the region and implementing a blockade to disrupt the country’s oil exports. Separately, the US carried out another strike on an alleged drug boat in international waters on Monday, US Southern Command announced on X, sharing a 22-second video showing a vessel being destroyed in a fiery explosion. 

On today's podcast:&nbsp; &nbsp; 1) President Trump&rsquo;s campaign to end the war in Ukraine faced new complications on Monday when Russian President Vladimir Putin said he would revise his country&rsquo;s negotiating position after the Russian leader claimed Ukrainian drones targeted his residence. Putin told Trump of his decision in a call Monday, according to the Kremlin, even as Kyiv cast the Russian allegations as a fabrication aimed at derailing the peace process. Trump addressed the dispute while speaking to reporters in Florida, saying that Putin had told him about the purported attack during their discussion. The US president, seeming to side with Putin, said he was &ldquo;very angry.&rdquo;&nbsp; &nbsp; 2) President Trump expressed concern that Iran is moving to rebuild its nuclear capabilities and bolster its ballistic missile program after strikes by the US and Israel earlier this year, and threatened to target the country again to prevent Tehran from stockpiling weapons. &ldquo;Now I hear that Iran is trying to build up again, and if they are we are going to have to knock them down,&rdquo; Trump said Monday at his Mar-a-Lago resort in Florida as he met with Israeli Prime Minister Benjamin Netanyahu. The president also said he would support Israel in strikes if Iran continued with its ballistic missile program, which Netanyahu highlighted earlier this year as &ldquo;existential&rdquo; threat along with Tehran&rsquo;s nuclear development.&nbsp; &nbsp; 3) President&nbsp;Trump&nbsp;said the US struck a facility inside Venezuela, in what would be a significant escalation in its campaign against alleged drug trafficking operations there. Trump&rsquo;s reference to an attack within Venezuela would mark the first time the US has announced a land strike in the country. The administration has raised pressure on the government of&nbsp;Nicolas Maduro&nbsp;by bombing boats in the region and implementing a blockade to disrupt the country&rsquo;s oil exports.&nbsp;Separately, the US carried out another strike on an alleged drug boat in international waters on Monday, US Southern Command&nbsp;announced on X, sharing a 22-second video showing a vessel being destroyed in a fiery explosion.&nbsp;

Trump Ukraine Plan Wobbles; White House Warns Iran on Nuclear Program

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On today's podcast:
1) President Trump said he made “a lot of progress” in talks with Ukrainian President Volodymyr Zelenskiy over a possible peace deal, but that it might take a few weeks to get it done and there’s no set timeline. The pair met at the US president’s Mar-a-Lago resort Sunday, where they had lunch and later spoke on the phone with a group of European leaders to brief them on their progress. Among the major sticking points left to be resolved: the future of Ukraine’s Donbas region, which is partially occupied by Russian forces. Trump told reporters the issue was still unresolved, but “getting a lot closer.”
2) President Trump has another high profile meeting on the docket at his Mar-a-Lago resort in Florida. He is scheduled to meet with Israeli Prime Minister Benjamin Netanyahu this afternoon. The two aim to boost a U.S.-brokered ceasefire in Gaza, which faces challenges as it looks to move into a more complicated second phase. That phase involves rebuilding Gaza under international supervision, creating an international security force and normalizing relations between Israel and the Arab world.
3) China kicked off military maneuvers around Taiwan that will include live-fire drills, a move that comes after the US announced one of its biggest arms packages ever for the self-run democracy. The exercises starting Monday would involve the army, navy, air force and Rocket Force, the Chinese military said in a statement. The exercises named “Justice Mission-2025” would “test the actual combat capability of theater troops in joint operations.” The People’s Liberation Army said in a separate statement that from 8 a.m. to 6 p.m. Tuesday it would hold live-fire exercises in five blocks around Taiwan, saying “any irrelevant vessel or aircraft is advised not to enter” the area.

On today's podcast: 1)&nbsp;President Trump&nbsp;said he made &ldquo;a lot of progress&rdquo; in talks with Ukrainian President&nbsp;Volodymyr Zelenskiy&nbsp;over a possible peace deal, but that it might take a few weeks to get it done and there&rsquo;s no set timeline. The pair met at the US president&rsquo;s Mar-a-Lago resort Sunday, where they had lunch and later spoke on the phone with a group of European leaders to brief them on their progress. Among the major sticking points left to be resolved: the future of Ukraine&rsquo;s Donbas region, which is partially occupied by Russian forces. Trump told reporters the issue was still unresolved, but &ldquo;getting a lot closer.&rdquo; 2) President Trump has another high profile meeting on the docket at his Mar-a-Lago resort in Florida. He is scheduled to meet with Israeli Prime Minister Benjamin Netanyahu this afternoon. The two aim to boost a U.S.-brokered ceasefire in Gaza, which faces challenges as it looks to move into a more complicated second phase. That phase involves rebuilding Gaza under international supervision, creating an international security force and normalizing relations between Israel and the Arab world. 3) China kicked off military maneuvers around Taiwan that will include live-fire drills, a move that comes after the US announced one of its biggest arms packages ever for the self-run democracy. The exercises starting Monday would involve the army, navy, air force and&nbsp;Rocket Force, the Chinese military said in&nbsp;a statement. The exercises named &ldquo;Justice Mission-2025&rdquo; would &ldquo;test the actual combat capability of theater troops in joint operations.&rdquo; The People&rsquo;s Liberation Army said in&nbsp;a separate statement&nbsp;that from 8 a.m. to 6 p.m. Tuesday it would hold live-fire exercises in five blocks around Taiwan, saying &ldquo;any irrelevant vessel or aircraft is advised not to enter&rdquo; the area.

Trump Praises Zelenskiy After Mar-a-Lago Talks; Trump and Netanyahu to Meet Today

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
John Authers, Bloomberg Opinion Columnist, discusses the five forces that broke Capitalism
Tim Craighead, Bloomberg Intelligence Bloomberg Intelligence Global Chief Content Officer, describes the European stocks to watch in 2026
John Lee, Bloomberg Intelligence APAC content manager, looks at what we can expect from Asian stocks in 2026

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>John Authers, Bloomberg Opinion Columnist, discusses the five forces that broke Capitalism</li>
<li>Tim Craighead, Bloomberg Intelligence Bloomberg Intelligence Global Chief Content Officer, describes the European stocks to watch in 2026</li>
<li>John Lee, Bloomberg Intelligence APAC content manager, looks at what we can expect from Asian stocks in 2026</li>
</ul>

Daybreak Weekend: Broken Capitalism and a 2026 Stock Outlook

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Instant Reaction: Inflation Data

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