$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(1041)

US Weighs Nvidia Overseas Sales Caps, Starmer's Wealth Creator Pitch &  US Bank Earnings

US Weighs Nvidia Overseas Sales Caps, Starmer's Wealth Creator Pitch & US Bank Earnings

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and oth...

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China's 'Unconvincing' Finance Briefing, Starmer's Investor Pitch & TSMC's European Expansion

China's 'Unconvincing' Finance Briefing, Starmer's Investor Pitch & TSMC's European Expansion

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors ...

14 Okt 202415min

100 Days: How Investors View The UK's Labour Government

100 Days: How Investors View The UK's Labour Government

It's almost 100 days since Keir Starmer's Labour government was elected - on a pledge to 'change Britain' and reboot economic growth. But the investors and business people Labour courted ahead of that...

12 Okt 202435min

Daybreak Weekend: Netflix Earnings, ECB Preview, TSMC

Daybreak Weekend: Netflix Earnings, ECB Preview, TSMC

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 U.S Retail sales and Netflix earnings. In the UK – a pr...

12 Okt 202439min

The City Voices Labour Frustration, Musk Unveils Cybercar & Big French Tax Hikes

The City Voices Labour Frustration, Musk Unveils Cybercar & Big French Tax Hikes

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) One hundred days into Britain’s new Labour government, executives say ‘we can’t live without the details ind...

11 Okt 202419min

Hurricane Milton Hits Florida, Fed 50bps Unlikely & The Casino Where Gambling Is Outlawed

Hurricane Milton Hits Florida, Fed 50bps Unlikely & The Casino Where Gambling Is Outlawed

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Hurricane Milton slammed into Florida’s west coast near Tampa with tree-snapping winds and heavy rain, pus...

10 Okt 202416min

US Weighs Google Breakup, Dimon's UK Warning & France's Years of 'Fiscal Murder'

US Weighs Google Breakup, Dimon's UK Warning & France's Years of 'Fiscal Murder'

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The US Justice Department told a federal judge it’s considering recommending that Google be forced to sell...

9 Okt 202416min

China Stock Rally Fizzles, Reeves' Tax Plans Falter & US Tariffs Impact

China Stock Rally Fizzles, Reeves' Tax Plans Falter & US Tariffs Impact

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) A rally in onshore Chinese stocks on their return from a week-long holiday cooled as traders questioned Beij...

8 Okt 202416min

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