$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.

Podcast Conversation: From New York to London, There's Now a Martini on Every Menu

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Episoder(1036)

'Nonsensical' Trade War, Possible China Relief, Billionaire’s Tariff Pain

'Nonsensical' Trade War, Possible China Relief, Billionaire’s Tariff Pain

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Confronted with fresh warnings from financial markets, business leaders and top advisers, President Donald...

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 Trump: Not Firing Powell, Recession Fear, Musk’s Tesla Focus

Trump: Not Firing Powell, Recession Fear, Musk’s Tesla Focus

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his fr...

23 Apr 202516min

Trump Targets Powell, Traders Dump US Assets, $2 Trillion Tariff Hit

Trump Targets Powell, Traders Dump US Assets, $2 Trillion Tariff Hit

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump warned the US economy may slow if the Federal Reserve does not move to immediately re...

22 Apr 202516min

Daybreak Weekend: Tesla Results, Europe Earnings, China Tariff Reaction

Daybreak Weekend: Tesla Results, Europe Earnings, China Tariff Reaction

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 home sales data and Tesla earnings. In the UK – a look ...

18 Apr 202539min

$800 Billion China Risk, Powell Holds Line, No Rush to Russia

$800 Billion China Risk, Powell Holds Line, No Rush to Russia

(1) US investors could be forced to offload around $800 billion of Chinese equities “in an extreme scenario” of financial decoupling between the world’s two largest economies, Goldman Sachs Group Inc....

17 Apr 202519min

China Growth Surprise, US Bearing Tariff Pain, Europe’s Investor Appeal

China Growth Surprise, US Bearing Tariff Pain, Europe’s Investor Appeal

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China’s economy showed surprising strength in early 2025 with a sharp uptick in March, though a trade impa...

16 Apr 202519min

Chips & Drug Probes, Tariffs Double Prices, Harvard Funding Freeze

Chips & Drug Probes, Tariffs Double Prices, Harvard Funding Freeze

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) “The president has been very clear that he’s willing to talk to his counterpart,” US Trade Representative Ja...

15 Apr 202520min

Trump’s Tariff Whiplash, Dollar Selloff & British Steel Emergency 

Trump’s Tariff Whiplash, Dollar Selloff & British Steel Emergency 

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electr...

14 Apr 202517min

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