Introducing: Bloomberg Daybreak Europe Edition

Published Jan 16, 2024, 9:58 AM

As you await the latest episode of Stephanomics, check out another podcast from our team here at Bloomberg: Daybreak Europe Edition. Every episode delivers the day's top stories, with context, in just 15 minutes. Available every morning by 7am GMT in your feed.  

Subscribe On Apple
Subscribe On Spotify
Subscribe On Youtube 
Subscribe On Podcast Addict 
Subscribe On Audible

Hi there. I'm Caroline Hipker.

And I'm Stephen Carol. We know you're here for the latest episode of Stephanomics, but we wanted.

To tell you about another podcast we think you'll like. It's called Bloomberg Daybreak You're Petition.

Every morning, we bring you headline news from around the world.

Exclusive reporting from our global team of two thy seven hundred journalists and analysts.

Plus newsmaking interviews with CEOs and global leaders.

All of this and more in just fifteen minutes in your podcast feed every morning from seven am London time. Just search for Bloomberg Daybreak You Are Petition And if you can't wait that long, here's the latest episode. Good morning, It's Tuesday, the sixteenth of January here in London. This is the Bloomberg Daybreak You podcast. I'm Caroline Hipker.

And I'm Stephen Carroll. Coming up today, IOWA delivers a resounding win for Donald Trump and his bid for the Republican presidential nomination.

ZA and the UK worn commercial vessels to avoid the Red Sea as a merchant ship is hit with a ballistic missile.

Plus Musk wants more. The Tesla CEO says he needs twenty five percent control before developing the firm's AI projects.

Let's start with a roundup of our top stories.

Donald Trump has cruised to victory in the Iowa Republican presidential caucus, with Ron De Santis finishing a distant second and Nikki Hayley third. Ohio entrepreneur Vivik Gramaswami ended his presidential bid after a disappointing showing. Republican political consultant Rick Davis explains how the nomination race could now unfold for Donald Trump.

If Trump does run the table and gets both Iowa New Hampshire, a really unusual thing, then he's got four weeks to consolidate his hold on South Carolina. And we've seen early polling the campaign hasn't gotten to South Carolina yet, so it's not reflective of a real campaign. But right now he's twenty points ahead of Nikki Haley, who calls it home. So and then after that, the really next big thing is Super Tuesday, so he could actually walk in the Super Tuesday basically unchallenged at that point.

Bloomberg Politics contributor and partner at Stone Court Capital, Rick Davis speaking there, allies and adversaries around the world are closely watching the twenty twenty four US presidential race, in which Trump and Biden are offering starkly different visions for America's global role. A December Morning consultant Bloomberg News poll showed Trump leading Biden in the seven swing states that will likely decide the outcome of the election.

Whoth the militants have attacked a US owned container ship in the Red Sea. The vessel was hit by a ballistic missile, but avoided significant damage or injuries to its crew. The attack follows a warning from the US and UK to merchant ships to avoid the area until further notice. The EU Economy Commissioner Paulo Gentiloni sees the potential for global economic fallout from the crisis.

What is happening in the Red Sea is not for the moment apparently creating consequences on energy prises and inflation. But we think that it should be monitored very closely because these consequences could materialize in the coming weeks.

Paalo Gentiloni. There The latest attack in the Red Sea comes after American and British forces bombed the hu Thies in an effort to deter them from disrupting global shipping.

Prime Minister Rachisinak defended those joint air strikes in Parliament. He told MPs that who They's aggression was the biggest attack on the Royal Navy for decades.

I stress that this action was taken in self defense. It was limited, not esplatory. It was a necessary and proportionate response to a direct threat to UK vessels and their to the UK itself.

Whishi si Nakada that he hopes the air strikes would de escalate the conflict. However, the world's largest shipping association, bimco's warning disruption in the area could last for some time. The number of ships passing through the Southern Red seasons Friday has fallen by more than half compared to the corresponding period a month earlier.

Iran has launched missile strikes against targets in northern Iraq and Syria. Bloomberg's Dan Schwartzmann has the details.

Four people were killed and six others wounded in an Iranian missile attack in the northern Iraqi city of Airbil. The Iranian Revolutionary Guard Corps has taken responsibility for the strike. The state run Islamic Republic News agency says the Revolutionary Guard launched ballistic missiles on the quote espionage basis of anti Iranian terrorist groups in Iraq and Syria. In a statement, the IRGC says the strike was in response to recent targeted killings in the country. No American or coalition forces stationed in Iraq and Syria were injured in the missile strikes. The US also out down three drones near Arabial Airport. Dan Schwartzman Bloomberg Radio.

UK inflation will drop to one point five percent in May, according to a forecast from Ing. The bank's view is that easing pressure from food and energy bills could pave the way for the Bank of England to cut interest rates sooner. Bloomberg James Wilcock has more.

The consensus view among economists has inflation falling to two point one percent in mid twenty twenty five. IG's James Smith thinks it will hit one point five percent in just four months. He predicts falls and price rises in nearly every major component and gas prices will bring the Bank of England under target by May. If correct, the data could be a booster if Yousunak, who has stated political capital on bringing inflation under control in London, James Wilcock Bloomberg Radio.

Apple will remove the blood oxygen feature on its smart watches to avoid a US ban if an appeal fails. The International Trade Commission ruled in October that Apple's devices violate the pats of medical equipment maker Massimo. Bloomberg's Mark German says that Apple's challenge against that decision will be crucial in giving the company more time to find a solution.

Well, if it's not immediate removal, Apple's going to have about a year to figure out a solution, And I would bet heavily that with a year's time, Apple would be able to retain the feature on the watch indefinitely and rework it to not have to violate Arsenal's patents. In fact, I've been told that they're working on this software fix that changes some of the underlying algorithms from the wording inside the blood oxygen saturation up to get that to happen. But for that's a matter at all. It's really important for Apple that they win tomorrow they win that appeal.

Bloomberg's chief correspondent Mark German. There, Apple has increasing the use health and safety features to market its smart watches helping to turn the line into a seventeen billion dollar business for the tech giant.

Elon Musk says he's uncomfortable growing Tesla's AI capacity without a larger share of voting control. The automaker is currently investing more than a billion dollars into its Dojo supercomputer project and working to develop humanoid robots. However, in a post on his social platform x, Elon Musk said that without twenty five percent of voting control, he'd prefer to develop products independently. According to data compiled by Bloomberg, Musk currently owns more than twelve percent of the company. One of the things that caught my eye from the coverage of Davos this morning, and it's one of the things that I like about Davos because it does get you a chance to get an insight into some of the workplace trends that are happening. And this conversation that the chair of PwC in the UK has been having about how the rise of AI actually means that more junior staff should spend more time in the office. His logic is is that a lot of the tasks that treat people used to get trained up on are now being taken over by the technology, which means face to face time is even more important. He says it could actually to help people accelerate them up the career ladder if they're spending more time in the office, meeting people, in acting with people. And he says that you need to be in the office for five days a week if you want to succeed in your career, which I'm quite sure plenty of people would disagree with.

Yeah, okay, but very interesting advice perhaps the younger people in the office that you need that FaceTime, that learning time, I mean interesting if you get paid more sooner in your career.

That's the office. Here's the crux of it.

Yeah, people might be interested and if they get that sort of motivation, let's get more to know now though, on the US political story, this morning, Donald Trumps won the first Republican Party caucus of the campaign in Iowa. Our executive editor for US Government, Michael Shepherd joins us now from Iowa for more. Michael, great to have you with us on the program. So the polls are predicted Donald Trump would win big he did. Were there any surprises in his vote?

Well, Steven, I thank you for having me. Our team is still hard at work parsing the results and figuring out what's going to come next. As for surprises, look, results in any election are always a surprise, as polls can sometimes get it wrong ahead of time, and in tonight's because it was unclear beforehand just how much support Donald Trump would get. Iowa voters are famously independent minded. But he did end up with fifty one percent of votes from caucus goers. And that's even more than the support that was projected in the final poll of a local authoritative local newspaper taken days before tonight's caucuses.

Okay, so that for Donald Trump. What about Rohn de Santis, who came in second, What does it mean for his campaign and indeed for Nicky Haley.

Well, let's start with Ron DeSantis. And that's a good question, Caroline. I'm glad you asked that about him, because for Ron DeSantis, this is a vindication of his all out bet on Iowa. He really banked on trying to win the Hawkeye state. He spent so much time in the months ahead of the caucuses. He visited all ninety nine counties in the state, crisscrossing visiting so many different voters. He set up an extensive ground operation. He brought in allies from Florida by the bus load and planeload to go door to door days before the caucuses in freezing cold temperature. So it showed some motivation and actually had some effect. Now for Nikki Haley, look, the last thing she needed heading into New Hampshire, where she has bet big as a stepping stone to her home state of South Carolina. The last thing she needed was a third place finish. She had hoped to do well enough to Iowa to really use it as a launching pad into New Hampshire and then South Carolina. But it didn't work out exactly as she had hoped. And that last poll I just mentioned, taken days before the vote, had actually shown her finishing ahead of DeSanto's.

Here and they field already narrowing after this caucus. Vivia Gramaswami dropping out of the race. What went wrong for his campaign?

Well, you know, Vivek Ramaswami never really caught fire with more than just the segment that he really appealed to the very independent mind in even more libertarian voters, and in places like Iowa and South Carolina, it was hard for him to fit in. His message just didn't take hold, and he in essence sort of acknowledged that during his speech. He said in the campaign, his speech tonight and drussing Trump, he said, in tonight's race, there are two America First candidates. Now there's only one with me leaving, and that of course is pointing to Donald Trump. So he was signaling that many of the positions that he was espousing were already ones that were reflected by Trump, and he has now thrown his support for the former president.

Okay, just lastly and briefly then, the key things to watch out for next as we move towards the New Hampshire primary that takes place next week, Well, this.

Is really crucial for the DeSantis campaign to make the most of New Hampshire, where they haven't invested nearly as much time as Haley has. She is the endorsement of the governor there, who's been campaigning very aggressively in the Granite state for her. She also enters that state Desantus does too, facing a very different electorate. It's not nearly as conservative as Iowa, so we could see a different result that could pivot and actually leave Nikki Haley ahead of Ron DeSantis, but behind Trump, but we'll have to see there. Trump is seeking to turn his absolute majority win tonight into something that will allow him to pivot sooner to this general election matchup with Joe Biden in November.

This is Bloomberg Daybreak Europe, your morning brief on the stories making news from London to Wall Street and beyond.

Look for us on your podcast feed every morning on Apple, Spotify, and anywhere else you get your podcasts.

You can also listen live each morning on London Dab Radio, the Bloomberg Business app, and Bloomberg dot Com.

Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.

I'm Caroline Hepka and I'm Stephen Carol. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak Europe

In 1 playlist(s)

  1. Trumponomics

    417 clip(s)

Trumponomics

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the tabl 
Social links
Follow podcast
Recent clips
Browse 417 clip(s)