From Bloomberg Markets and Finance.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
On today’s show, the US President says he is not planning to fire the Fed Chair Jerome Powell, after speculation that he was moving to do so sent markets into a shortlived nosedive. Meanwhile Donald Trump says he’ll send letters to more than 150 countries setting tariffs on their imports at 10% or 15%.
Plus TSMC reports better-than-expected earnings across the board, with a 61% jump in second quarter profit on resilient demand for high-end AI chips.
Today’s guests: Håkan Samuelsson, Volvo Cars, CEO; Morten Wierod, ABB, CEO.
Chapters:
00:00:00 – Daybreak Europe
00:01:04 – Volvo Car Posts $1 Billion Loss Over Impairment, Tariffs
00:02:13 – Novartis 2Q Core EPS Beats, Profit Outlook Raised
00:04:16 – Yen Watchers Eye Possible Slide Past 150 as Japan Election Looms
00:06:05 – Trump Denies Plan To Ax Fed Chair
00:07:44 – Markets Waver on Trump-Powell Saga
00:08:48 – Trump Eyes 10-15% Tariff On 150+ Countries
00:10:15 – UK Pushes US to Drop Key Steel Sticking Point
00:11:42 – Trump Testing Markets on Powell Dismissal: Bloomberg Intelligence
00:14:18 – Hakan Samuelsson, Volvo Car AB CEO
00:20:03 – Volvo Trucks 2Q Earnings
00:21:32 – Goldman Sets Wall Street Trading Record
00:21:52 – Bank of American Beats on Trading, Shares Jump
00:22:14 – JPMorgan Worth More Than 3 Largest Rivals
00:22:45 – Trump: Cola-Cola to Use Cane Sugar for US Market
00:27:25 – Morten Wierod, ABB CEO
00:33:38 – TSMC 3Q Sales Forecast Beats Estimates
00:37:17 – Stoltenberg: Good Tone in US Trade Talks
00:38:02 – Kganyago: Tariffs Hit Auto, Agriculture Industries
00:38:44 – South Africa Aims To Forge G-20 Accord
00:41:20 – G-20 Finance Ministers Meet in S. Africa
00:43:31 – Germany Rejects EU’s EU2 Trillion Draft Budget
00:44:00 – UK , Germany to Sign Treaty In London
00:44:21 – Syrian President Slams Israeli Strikes
00:45:06 – What Betting Markets See Powell’s Firing in 2025
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