Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

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

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/efadad13-32d3-4354-a83e-b1c300bbe0fc/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iranian attacks on Israel and Arab states in the Persian Gulf continued overnight into Wednesday, while President Donald Trump said the US could end the war with the Islamic Republic “in the near future.”Iran launched fresh waves of missile and drone attacks, targeting the United Arab Emirates, Saudi Arabia and Kuwait. It also struck Tel Aviv and killed two people.
2) President Donald Trump is desperate to reopen the Strait of Hormuz to ease a growing global energy crisis. He won’t achieve that easily without a ceasefire in the war on Iran.Iran’s sporadic attacks on vessels and the threat of mines have cut traffic in the vital waterway to a trickle, effectively putting Tehran, not outside naval forces, in charge of the flow. The strait carries about a fifth of the world’s oil supplies, and the disruption has led to production cuts, fuel shortages and price increases from Asia to Europe and Africa.
3) Illinois Lieutenant Governor Juliana Stratton won the Democratic nomination for the state’s US Senate seat on Tuesday, beating a rival who far out-spent her and handing a victory to her boss and potential 2028 presidential candidate, Governor JB Pritzker.With more than 80% of the ballots counted, Stratton garnered 40% while Representative Raja Krishnamoorthi took 33%, according to Decision Desk HQ. Representative Robin Kelly, who some Democrats thought would undercut support for Stratton, trailed with 18%.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iranian attacks on Israel and Arab states in the Persian Gulf continued overnight into Wednesday, while President Donald Trump said the US could end the war with the Islamic Republic &ldquo;in the near future.&rdquo;Iran launched fresh waves of missile and drone attacks, targeting the United Arab Emirates, Saudi Arabia and Kuwait. It also struck Tel Aviv and killed two people. 2) President Donald Trump is desperate to reopen the Strait of Hormuz to ease a growing global energy crisis. He won&rsquo;t achieve that easily without a ceasefire in the war on Iran.Iran&rsquo;s sporadic attacks on vessels and the threat of mines have cut traffic in the vital waterway to a trickle, effectively putting Tehran, not outside naval forces, in charge of the flow. The strait carries about a fifth of the world&rsquo;s oil supplies, and the disruption has led to production cuts, fuel shortages and price increases from Asia to Europe and Africa. 3) Illinois Lieutenant Governor Juliana Stratton won the Democratic nomination for the state&rsquo;s US Senate seat on Tuesday, beating a rival who far out-spent her and handing a victory to her boss and potential 2028 presidential candidate, Governor JB Pritzker.With more than 80% of the ballots counted, Stratton garnered 40% while Representative Raja Krishnamoorthi took 33%, according to Decision Desk HQ. Representative Robin Kelly, who some Democrats thought would undercut support for Stratton, trailed with 18%.

Iran Vows Revenge; Trump Says War May End Soon

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/14392db0-c147-4c3d-a89e-b411009c01db/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran set a massive natural gas field in the United Arab Emirates ablaze as it steps up attacks on key energy sites, while US President Donald Trump appealed to allies and the likes of China to help reopen the Strait of Hormuz.
2) President Donald Trump’s request for a delay to his summit with Chinese leader Xi Jinping is a likely welcome development for Beijing, even as it threatens to inject new uncertainty into ties between the world’s two largest economies.
3) US stocks fell and Treasury yields rose after attacks on key energy infrastructure in the Middle East drove a renewed advance in oil prices.Futures for the S&P 500 dropped 0.3% as optimism from the previous session faded. Brent climbed 3.6% toward $104 a barrel after Iran struck energy facilities around the Persian Gulf. Treasuries declined modestly, with the 10-year yield rising one basis point to 4.23%. The dollar was little changed.The US-Israeli war against Iran continues to reverberate, with traders focused on crude shipments through the Strait of Hormuz. Rising oil prices are fueling inflation concerns ahead of the Federal Reserve and other major central bank meetings, with US diesel topping $5 a gallon for the first time since 2022.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran set a massive natural gas field in the United Arab Emirates ablaze as it steps up attacks on key energy sites, while US President Donald Trump appealed to allies and the likes of China to help reopen the Strait of Hormuz. 2) President Donald Trump&rsquo;s request for a delay to his summit with Chinese leader Xi Jinping is a likely welcome development for Beijing, even as it threatens to inject new uncertainty into ties between the world&rsquo;s two largest economies. 3) US stocks fell and Treasury yields rose after attacks on key energy infrastructure in the Middle East drove a renewed advance in oil prices.Futures for the S&amp;P 500 dropped 0.3% as optimism from the previous session faded. Brent climbed 3.6% toward $104 a barrel after Iran struck energy facilities around the Persian Gulf. Treasuries declined modestly, with the 10-year yield rising one basis point to 4.23%. The dollar was little changed.The US-Israeli war against Iran continues to reverberate, with traders focused on crude shipments through the Strait of Hormuz. Rising oil prices are fueling inflation concerns ahead of the Federal Reserve and other major central bank meetings, with US diesel topping $5 a gallon for the first time since 2022.

Iran Hits UAE Gas Field; Trump Delays China Summit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7cc98a5c-fd12-40a8-b08a-b41000a0bae4/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran denied US President Donald Trump’s assertion that it wants ceasefire talks, launching fresh attacks across the Persian Gulf and forcing a suspension of flights at Dubai’s main airport.The United Arab Emirates and Saudi Arabia reported drone and missile attacks overnight into Monday. Dubai halted flights at its main airport following a fire at a fuel tank that it said was caused by an Iranian drone. It announced a gradual resumption a few hours later, though Emirates said some of its scheduled flights for the day would be canceled.
2) As the US-Israeli war on Iran enters its third week, pressure is growing on the person in the best position to end it: Donald Trump. But the US president’s ever-shifting explanations for why he went to war leave friends and adversaries at a loss to forecast when he’ll be ready to stop. And even if he does, Iran has shown little willingness to go along. Trump has gone from declaring the war over soon to calling on European and Gulf allies to help. They’re reluctant, and the likes of Russia are benefiting.
3) President Donald Trump predicted Cuba wants to make a deal with the US, but said he wants to finish the war with Iran before turning his attention to the Communist island nation.“I think we will pretty soon either make a deal or do whatever we have to do,” he told reporters Sunday on Air Force One. “We’re talking to Cuba, but we’re going to do Iran before Cuba.”Under Trump, the US has been tightening the screws on Cuba, imposing an almost total fuel blockade that has exacerbated already hours-long blackouts

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran denied US President Donald Trump&rsquo;s assertion that it wants ceasefire talks, launching fresh attacks across the Persian Gulf and forcing a suspension of flights at Dubai&rsquo;s main airport.The United Arab Emirates and Saudi Arabia reported drone and missile attacks overnight into Monday. Dubai halted flights at its main airport following a fire at a fuel tank that it said was caused by an Iranian drone. It announced a gradual resumption a few hours later, though Emirates said some of its scheduled flights for the day would be canceled. 2) As the US-Israeli war on Iran enters its third week, pressure is growing on the person in the best position to end it: Donald Trump. But the US president&rsquo;s ever-shifting explanations for why he went to war leave friends and adversaries at a loss to forecast when he&rsquo;ll be ready to stop. And even if he does, Iran has shown little willingness to go along. Trump has gone from declaring the war over soon to calling on European and Gulf allies to help. They&rsquo;re reluctant, and the likes of Russia are benefiting. 3) President Donald Trump predicted Cuba wants to make a deal with the US, but said he wants to finish the war with Iran before turning his attention to the Communist island nation.&ldquo;I think we will pretty soon either make a deal or do whatever we have to do,&rdquo; he told reporters Sunday on Air Force One. &ldquo;We&rsquo;re talking to Cuba, but we&rsquo;re going to do Iran before Cuba.&rdquo;Under Trump, the US has been tightening the screws on Cuba, imposing an almost total fuel blockade that has exacerbated already hours-long blackouts

Iran Denies it Wants Truce; Trump Presses Allies on Hormuz

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/311d4705-5cfb-4837-a195-b40f009ef598/transcript

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

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