$1.25 Trillion Musk Merger, UK Fears ‘Made in Europe’, Reform’s First Big Test

$1.25 Trillion Musk Merger, UK Fears ‘Made in Europe’, Reform’s First Big Test

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

On today's podcast:

(1) Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world’s richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration.

(2) Documents released by the US Department of Justice appear to show that Britain’s Peter Mandelson leaked sensitive government information to disgraced financier Jeffrey Epstein while serving as a minister.

(3) France’s parliament adopted a budget for 2026 after Prime Minister Sebastien Lecornu survived two no-confidence votes Monday, bringing the curtain down on months of political upheaval that’s rattled investor confidence in the country.

(4) The UK government is increasingly concerned that more protectionist policies pursued by the European Union could exclude British companies from supply chains in key sectors, derailing a reset in post-Brexit relations and potentially costing firms billions of pounds.

(5) President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries.

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Episoder(1034)

Five Years of Lost Growth & Banker Bonuses Take A Hit

Five Years of Lost Growth & Banker Bonuses Take A Hit

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK GDP predicted to stay below pre-pandemic levels until 2024. (2) Britain's electoral register hit by a cy...

9 Aug 202315min

UPDATE: Italy's Surprise Bank Tax & US Banks Downgraded

UPDATE: Italy's Surprise Bank Tax & US Banks Downgraded

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Italy's government agrees a new tax on the "extra profits" of banks. (2) Moody's downgrades 10 US banks as ...

8 Aug 202316min

HSBC Faces Political Pressure & A Shock Exit At Tesla

HSBC Faces Political Pressure & A Shock Exit At Tesla

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK Politicians hit back at HSBC over 'weak' on China comments. (2) Moody's downgrades 10 US banks as borrow...

8 Aug 202317min

HSBC Exec Says UK 'Weak' on China & Musk-Zuckerberg Cage Fight Latest

HSBC Exec Says UK 'Weak' on China & Musk-Zuckerberg Cage Fight Latest

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) A leading HSBC Executive says the UK is 'weak' for siding with the US against China. (2) Speaking exclusive...

7 Aug 202316min

Bloomberg Daybreak Weekend: Inflation, Weather, Baba

Bloomberg Daybreak Weekend: Inflation, Weather, Baba

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a report on US consumer prices, insurance companies' strategies for...

5 Aug 202335min

iPhone Sales Drop & UK Rates To Remain High

iPhone Sales Drop & UK Rates To Remain High

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) iPhone sales slump at Apple as revenue declines yet again. (2) BOE governor Andrew Bailey says it's 'far to...

4 Aug 202322min

Green Investment Concerns & BoE Decision Day

Green Investment Concerns & BoE Decision Day

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The CEO of energy firm SSE tells Daybreak Europe the UK Government needs to reassure markets on green inves...

3 Aug 202319min

US Loses AAA Rating & S&P 500 Record 'Inevitable'

US Loses AAA Rating & S&P 500 Record 'Inevitable'

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Fitch strips the US of its triple-A credit rating. (2) Trump is indicted over efforts to overturn the 2020 ...

2 Aug 202316min

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