A magnitude-7.0 earthquake off the coast of Northern California triggered a brief tsunami warning across a swath of the US West Coast. The tsunami threat was declared over less than an hour later even as the area experienced multiple aftershocks. It was the strongest earthquake to strike the contiguous US since 2019. For the latest, hosts Tim Stenovec and Jess Menton speak with Bloomberg News Deputy Team Leader for Power and Natural Disasters Mark Chediak.

A magnitude-7.0 earthquake off the coast of Northern California triggered a brief tsunami warning across a swath of the US West Coast. The tsunami threat was declared over less than an hour later even as the area experienced multiple aftershocks. It was the strongest earthquake to strike the contiguous US since 2019. For the latest, hosts Tim Stenovec and Jess Menton speak with Bloomberg News Deputy Team Leader for Power and Natural Disasters Mark Chediak.

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.

Special Coverage: Strong Earthquake Strikes California 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0497bf0b-dd0d-4748-bbe2-b23d01538844/transcript

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to the July jobs report in the U.S with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to some of the most consequential earnings releases of the year in Europe.
In Asia – a look ahead to key economic data for Vietnam in the week ahead, including numbers on consumer prices and trade.

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>In the US &ndash; a look ahead to the July jobs report in the U.S with a focus on 3 stocks for the week ahead.</li>
<li>In the UK &ndash; a look ahead to some of the most consequential earnings releases of the year in Europe.</li>
<li>In Asia &ndash; a look ahead to key economic data for Vietnam in the week ahead, including numbers on consumer prices and trade.</li>
</ul>

Daybreak Weekend: US Jobs, European Earnings, Vietnam Eco

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7a069299-6677-44c0-98a7-b498012218b1/transcript

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

On today's podcast:

1) A rebound in global chipmakers carried into Friday, buoying stocks to end a month that saw a steep derating in this year’s most popular trade on a positive note. South Korean stocks surged on Friday, with the benchmark Kospi index rising a record 18% and chip heavyweights SK Hynix Inc. and Samsung Electronics Co. climbing 30% and 27%, respectively. The rebound was fueled by positive factors, including bullish reports on the artificial intelligence buildout overseas and a pledge of regulatory support from the government.

2) Amazon shares jumped after the company reported cloud-computing revenue accelerated for a fifth straight quarter, easing investors’ concerns that it won’t produce a return on huge expenditures to meet the booming demand for artificial intelligence. Apple tumbled in late trading after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.

3) The yen lost more than half of its intervention-driven gains on Friday as the Bank of Japan kept interest rates steady and Governor Kazuo Ueda offered little fresh support for the currency. Japan’s currency weakened as much as 0.9% to 160.88 per dollar on Friday after advancing as much as 3.3% versus the dollar in New York trading on Thursday.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) A rebound in global chipmakers carried into Friday, buoying stocks to end a month that saw a steep derating in this year&rsquo;s most popular trade on a positive note. South Korean stocks surged on Friday, with the benchmark Kospi index rising a record 18% and chip heavyweights SK Hynix Inc. and Samsung Electronics Co. climbing 30% and 27%, respectively. The rebound was fueled by positive factors, including bullish reports on the artificial intelligence buildout overseas and a pledge of regulatory support from the government.
2) Amazon shares jumped after the company reported cloud-computing revenue accelerated for a fifth straight quarter, easing investors&rsquo; concerns that it won&rsquo;t produce a return on huge expenditures to meet the booming demand for artificial intelligence. Apple tumbled in late trading after component shortages weighed on the company&rsquo;s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.
3) The yen lost more than half of its intervention-driven gains on Friday as the Bank of Japan kept interest rates steady and Governor Kazuo Ueda offered little fresh support for the currency. Japan&rsquo;s currency weakened as much as 0.9% to 160.88 per dollar on Friday after advancing as much as 3.3% versus the dollar in New York trading on Thursday.

Global Chip Rebound; Amazon Gains as Apple Slides Post-Earnings

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c51142d8-f46a-4dec-8388-b498009d867b/transcript

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

On today's podcast:

1) The US retaliated against Iranian strikes on American forces with a fresh wave of attacks, escalating a conflict that is spreading wider across the Middle East. The US hit dozens of targets in a two-hour operation aimed at degrading Tehran’s ability to threaten American forces, its Arab allies and commercial shipping in the region. Two liquefied-natural-gas vessels were hit by projectiles on Egypt’s Mediterranean coast and caught fire, with a security firm saying the vessels had been struck by drones.

2) Investors dumped 30-year Treasury bonds, sending the yield up as much as 14 basis points to nearly 5.23%, after the Fed kept interest rates unchanged for a seventh consecutive month. Market measures of inflation expectations rose, the dollar slid, and stocks tumbled as investors wagered Chairman Kevin Warsh was only delaying an inevitable rate hike.

3) Meta gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn’t swiftly benefiting from its massive outlay on artificial intelligence. The social media giant reported the lowest free cash flow in years, a sign of ballooning expenses for AI bets, including data centers and smart glasses, which could amount to $145 billion this year. Meanwhile, Microsoft's Azure cloud revenue rose 43% during the fiscal fourth quarter, the fastest quarterly growth since early 2022. CFO Amy Hood said she expected growth in the cloud unit to accelerate further in the current quarter, to about 45%, and that demand continues to exceed available supply.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The US retaliated against Iranian strikes on American forces with a fresh wave of attacks, escalating a conflict that is spreading wider across the Middle East. The US hit dozens of targets in a two-hour operation aimed at degrading Tehran&rsquo;s ability to threaten American forces, its Arab allies and commercial shipping in the region. Two liquefied-natural-gas vessels were hit by projectiles on Egypt&rsquo;s Mediterranean coast and caught fire, with a security firm saying the vessels had been struck by drones.
2) Investors dumped 30-year Treasury bonds, sending the yield up as much as 14 basis points to nearly 5.23%, after the Fed kept interest rates unchanged for a seventh consecutive month. Market measures of inflation expectations rose, the dollar slid, and stocks tumbled as investors wagered Chairman Kevin Warsh was only delaying an inevitable rate hike.
3) Meta gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn&rsquo;t swiftly benefiting from its massive outlay on artificial intelligence. The social media giant reported the lowest free cash flow in years, a sign of ballooning expenses for AI bets, including data centers and smart glasses, which could amount to $145 billion this year. Meanwhile, Microsoft's Azure cloud revenue rose 43% during the fiscal fourth quarter, the fastest quarterly growth since early 2022. CFO Amy Hood said she expected growth in the cloud unit to accelerate further in the current quarter, to about 45%, and that demand continues to exceed available supply.

US Retaliates Against Iran Strikes; Investors Spooked by Warsh Hold

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ec0cef12-666a-451e-9ae9-b49700a0f380/transcript

Special Coverage: Strong Earthquake Strikes California

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