Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Russia may escalate attacks against the Baltic States and Poland, a European intelligence official said, amid rising concern that Moscow wants to further intimidate nations supporting Ukraine.

(2) A $42 billion auction of 10-year US Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the US government.

(3) Prime Minister Sanae Takaichi’s government is supportive of a near-term rate hike by the Bank of Japan, with the next move likely either in September or October, according to people familiar with the matter.

(4) Global stocks climbed toward a record and bonds extended gains as a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve. Brent snapped a six-day rally.

(5) The US military campaign against Iran has so far failed to force the regime to capitulate. The Trump administration is betting once again that suffocating economic pressure will do the job.

(6) Europe’s fifth heat wave of the summer is set to peak Thursday, the latest in a string of extreme weather events that have strained health systems and energy networks across the region.

(7) The black box around Xi Jinping’s corruption crackdown has long fueled political gossip in China. Now, an underground market is emerging for selling purported secrets on who might be next to fall.

(8) Toms Kreicbergs worked on Wall Street before returning to his native Latvia, where he writes science fiction and engages in an enterprise almost as fanciful: trying to get more of his fellow citizens to invest in the stock market. In countries big and small, the European Union is chasing a dream: Its savers, with €11 trillion stashed in bank accounts, will finally develop a lust for stock and bond markets and pump money into businesses across the region, powering both European growth and their own prosperity.

Podcast Conversation: China Pioneered 90-Second Microdramas, and Hollywood Wants In

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil advanced for a sixth day on skepticism about the prospects for a deal that would restore energy flows through the Strait of Hormuz, despite an upbeat assessment from some officials.

(2) Pakistan’s defense minister said the US and Iran are “close to some sort of arrangement” over the Strait of Hormuz, even after both sides appeared to toughen their positions in the long-deadlocked negotiations.

(3) The yen edged closer toward a key level against the dollar, raising concerns over Japanese authorities stepping in again to prop up the currency.

(4) CoreWeave, a provider of computing that powers artificial intelligence systems, soared in late trading after the AI spending frenzy spurred faster sales growth than anticipated.

(5) Night will fall on Europe’s power system a bit early Wednesday evening, as an eclipse is set to block solar generation across parts of the UK and western Europe.

(6) Around 90,000 of London’s white-collar jobs are poised to transfer to other parts of the UK over the next five years, as Prime Minister Andy Burnham’s devolution drive and the capital’s cost pressures encourage businesses to shift work elsewhere.

Podcast Conversation: Curry Dish, Not Big Mac, Captures Just How Weak Yen Is, BNY Says
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Another wave of intense heat is set to sweep across an already parched Europe this week, raising wildfire risks, threatening crops and drying watersheds feeding the region’s critically low rivers.

(2) British shoppers retreated during the July heat wave, prioritizing small treats and cutting back elsewhere as the recent consumer boost showed signs of fading.

(3) US President Donald Trump made sweeping new demands on Iran after Tehran reiterated requests for reparations as part of talks to wind down the conflict, dimming hopes of a quick deal that would reopen the Strait of Hormuz.

(4) An Iranian assassination threat against President Donald Trump prompted an extraordinary operation last month in which he flew secretly from Turkey on an alternate military aircraft while the White House said he was aboard Air Force One, The Washington Post has learned.

(5) US investment giants including Apollo Global Management, Blackstone, BlackRock. and Brookfield Asset Management are partnering with Nvidia to source $500 billion in financing for artificial intelligence infrastructure.

Podcast Conversation: UK Wildfires Are Here to Stay. We Have to Adapt: Lara Williams
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Economic growth in the euro zone is set to quicken after showing surprising resilience to the Iran war, according to a Bloomberg survey of analysts.

(2) Iran promoted a hard-line ex-commander as its top security official, shaking up its highest decision-making body on national defense after saying it was “very close” to a deal with Oman over shipping through the Strait of Hormuz.

(3) The alleged leader of an Irish organized crime gang, Daniel Kinahan, has been extradited to Ireland from Dubai to face allegations that he ran an international drug smuggling and money laundering empire.

(4) Hiring at British businesses held steady in July, ending a downturn stretching back to the Liz Truss crisis in 2022, according to a closely watched survey.

(5) Prime Minister Andy Burnham is embarking on a nationwide tour to promote new policies aimed at reducing the cost of living, just as controversy over his prisons policy threatens to end the honeymoon he’s enjoyed since taking office.

Podcast Conversation:YouTube Stars Are a Hip New Asset Class: Lionel Lauren
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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.
In the US – a look ahead to U.S CPI and PPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look at some of Europe's biggest energy companies on their recent performance.
In Asia – a look ahead to a monetary policy decision from the Reserve Bank of Australia.
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