$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(1033)

Daybreak Weekend: Fed Decision, Scotland Trip, China PMI

Daybreak Weekend: Fed Decision, Scotland Trip, China PMI

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to a monetary policy decision from the Fed and earnings fr...

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‘Flood the Zone’ Fed Attacks, Citi Exec Gaza Post, Africa Luxury Travel Boom

‘Flood the Zone’ Fed Attacks, Citi Exec Gaza Post, Africa Luxury Travel Boom

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Federal Reserve Chair Jerome Powell is smack in the middle of one of President Donald Trump’s preferred atta...

25 Jul 202516min

15% EU Tariff ‘Progress’, UK-India Trade Deal, Trader Convictions At Risk

15% EU Tariff ‘Progress’, UK-India Trade Deal, Trader Convictions At Risk

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The European Union and the US are progressing toward an agreement that would set a 15% tariff for most imp...

24 Jul 202522min

US-Japan 15% Tariff Deal, Nuclear Security Hack, China’s EU Investment 

US-Japan 15% Tariff Deal, Nuclear Security Hack, China’s EU Investment 

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on US imports from the...

23 Jul 202516min

 Stock Rally Keeps Rolling, Latest ETF Tax Trick, Digital Pound Scepticism

Stock Rally Keeps Rolling, Latest ETF Tax Trick, Digital Pound Scepticism

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) A cohort of the world’s largest asset managers is leaning harder into the rally in risk assets as US stocks ...

22 Jul 202517min

EU Plans For No Deal, $2 Trillion GDP Hit , Musk’s Empire Creaks

EU Plans For No Deal, $2 Trillion GDP Hit , Musk’s Empire Creaks

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a...

21 Jul 202517min

Daybreak Weekend:  Tesla Earnings, ECB Decision, Japan Election

Daybreak Weekend: Tesla Earnings, ECB Decision, Japan Election

Bloomberg Daybreak Weekend with Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to housing data and earnings from Tesla. In the UK – a look...

18 Jul 202539min

 Waller Backs Fed Cut Now, 1000% Return BOE Bet, Looking For G-20 Friends

Waller Backs Fed Cut Now, 1000% Return BOE Bet, Looking For G-20 Friends

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to supp...

18 Jul 202516min

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