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Trump Threatens Japan; Powell Mulls July Rate Cut; Starmer Weakened | Daybreak Europe 07/02/2025
47:14
Bloomberg Television
Trump Threatens Japan; Powell Mulls July Rate Cut; Starmer Weakened | Daybreak Europe 07/02/2025
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, stocks in Tokyo fall after Donald Trump threatens 35% tariffs on Japan in a dispute over rice exports. The US President also says there won't be an extension to the July 9th deadline for higher tariffs. Jerome Powell says the Fed would have cut interest rates by now were it not for the trade war, but he hasn't ruled out a cut in July. Plus the UK Prime Minister Keir Starmer is weakened after a battle with Labour Party rebels. His welfare reform bill passed parliament, but with all of the savings removed, leaving a potential £5 billion hole in the government finances. Today's guest: Maria Pereira, TISSIUM, Co-Founder & Chief Innovation Officer Chapters: 00:00:00 - Daybreak: Europe 00:02:32 - Asian Shares Dip as Trump Revives Tariff Threat 00:03:50 - Hong Kong Steps Up Defense of FX Peg as Fixed Range Tested Again 00:05:33 - Trump Sticks With July 9 Tariff Deadline While Criticizing Japan 00:06:58 - Trump Tax Bill Hits Republican Resistance in House 00:08:38 - Powell Cautious on Fed Rate Cuts 00:11:20 - Lagarde: We Are Facing a Lot of Uncertainty 00:12:10 - Bailey: Household Debt Is Lower Than Expected 00:13:18 - US Equity Rally Stalls, Small Caps Outperform Tech 00:14:34 - EUR-USD Rises For 9 Straight Sessions 00:16:54 - Santander Agrees to Buy Sabadell’s TSB Unit for £2.7B 00:19:11 - Biggest US Banks Boost Payouts After Lighter Fed Stress Test 00:19:57 - AstraZeneca CEO Wants to Move Listing to US: Times 00:22:13 - Central Bankers on Rate Cut Pace at Sintra 00:26:03 - Starmer Guts Welfare Reform to Avoid Commons Defeat 00:27:52 - UK Prime Minister Forced Into $4B U-Turn 00:28:59 - Macron Opens Iran Talks with Putin 00:30:29 - Macron Seeks to Burnish Credentials as Global Player 00:31:27 - Gaza Ceasefire Deal to be Presented to Hamas 00:32:25 - US Halts Key Weapons Deliveries to Ukraine 00:32:46 - Trump, Musk Feud Again After Tax Bill Criticism 00:34:37 - Trump Says He 'Will Take a Look' At Deporting Musk 00:35:55 - Tesla Sales Report Expected to be Downbeat 00:37:24 - Maria Pereira, TISSIUM Co-Founder & Chief Innovation Officer 00:43:29 - Powell: Hope Can Look Back at 2025 as a Success -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 2, 2025
Trump Sticks To Tariff Deadline; Gaza Ceasefire | Horizons Middle East & Africa 07/02/2025
46:06
Bloomberg Television
Trump Sticks To Tariff Deadline; Gaza Ceasefire | Horizons Middle East & Africa 07/02/2025
US President Donald Trump says he's sticking with the July 9th deadline for trade talks. Also on the show: Trump says Israel has accepted the conditions needed for a 60-day ceasefire in Gaza; French President Emmanuel Macron and Russian President Vladimir Putin have held their first phone call since 2022, agreeing to coordinate their approach on Iran; Trump is threatening to cut Tesla's subsidies and deport its CEO Elon Musk; South Africa's Reserve Bank governor says a review of the inflation target by the National Treasury and the nation's central bank is close to completion; major central bank chiefs highlight a shared preference for patience amid heightened uncertainty. Guests include: Nadia Elbilassy, Equiti Group, Senior Analyst; Fady Gendy, Arqaam Capital, Fixed-income Portfolio Manager. Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg Chapters: 00:00:00 - Introduction 00:03:38 - Trump sticks with July 9 tariff deadline 00:06:33 - Nadia Elbilassy, Equiti Group, Senior Analyst 00:12:48 - Trump says Israel agrees to terms for a 60-day Gaza ceasefire 00:14:40 - Macron opens Iran talks with Putin 00:19:41 - Trump says would look into deporting Elon Musk 00:33:47 - South Africa’s Kganyago says CPI-goal review near 00:40:48 - Central bankers share view on patience amid uncertainty -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTech Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 2, 2025
Banking: Santander Agrees to Buy Sabadell’s UK Unit TSB
1:49
Bloomberg Television
Banking: Santander Agrees to Buy Sabadell’s UK Unit TSB
Banco Santander SA agreed to buy Banco Sabadell SA’s UK unit for £2.65 billion ($3.64 billion) in an all-cash transaction. The enlarged firm would be the third-largest UK bank by personal current account balances and the fourth-largest by mortgage value, Santander said. Bloomberg's Manuel Baigorri reports. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 2, 2025
Starmer Drops Flagship Welfare Reforms to Avoid Defeat
2:30
Bloomberg Television
Starmer Drops Flagship Welfare Reforms to Avoid Defeat
UK Prime Minister Keir Starmer's government decided to drop the most contentious part of planned welfare changes, which would have restricted benefit payments to some disabled people from next year and had caused widespread anger among Labour MPs. Bloomberg's Lizzy Burden breaks down the situation. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 2, 2025
Trump Says Israel Agreed to Terms of 60-Day Gaza Ceasefire
2:21
Bloomberg Television
Trump Says Israel Agreed to Terms of 60-Day Gaza Ceasefire
US President Donald Trump said Israel has agreed to the conditions needed for a 60-day ceasefire in Gaza. He added that the plan would now be presented to Hamas. Trump is expected to meet with Israeli Prime Minister Benjamin Netanyahu at the White House on July 7. Bloomberg's Dan Williams reports. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 2, 2025
China Vows to Rein In Intense Competition | The China Show 7/2/2025
1:33:46
Bloomberg Television
China Vows to Rein In Intense Competition | The China Show 7/2/2025
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. Chapters: 00:00:01 - Bloomberg: The China Show opens 00:03:10 - Powell says Fed would have cut more if not for tariffs 00:11:16 - Trump sticks to July 9 tariff deadline 00:12:33 - US Speaker Johnson: Voting on tax bill by Thursday latest 00:15:36 - What to watch in Greater China today 00:16:25 - China vows to rein in intense competition 00:27:27 - CICC Research's Kevin Liu on China's market outlook 00:37:03 - BYD June sales up 10% amid price war 00:40:41 - Thailand crisis deepens as court suspends PM Shinawat 00:48:17 - Powell says Fed would have cut more if not for tariffs 00:51:23 - Triada Capital's Monica Hsiao on credit market outlook 01:02:12 - Citigroup's Bob Tachasirinugune on Thailand markets amid political crisis 01:10:41 - Trump: Doubt we will get a deal with Japan 01:15:19 - BOJ's Ueda on inflation, rate policy outlook 01:19:44 - Israeli envoy in Shanghai Ravit Baer on China's influence on Iran -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 2, 2025
Trump Sticks With July 9 Tariff Deadline, Criticizes Japan
2:06
Bloomberg Television
Trump Sticks With July 9 Tariff Deadline, Criticizes Japan
US President Donald Trump said he is not considering delaying his July 9 deadline for higher tariffs to resume. He also deepened his criticism of Japan for not accepting US rice exports, and said that auto trade between the two nations is imbalanced. Bloomberg's Bill Faries reports. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 2, 2025