Stratospheric AI Spending, Starmer In Political Peril, Ferrero’s Breakfast Bid

Stratospheric AI Spending, Starmer In Political Peril, Ferrero’s Breakfast Bid

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

On today's podcast:

(1) Amazon shares dropped after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors that its colossal bet on artificial intelligence may not pay off in the long run

For More on this story you can read Vlad Savov's newsletter here

(2) All across Wall Street, day by day, the headlong rush into the most popular trades, from tech stocks to gold to cryptocurrencies, has given way to a sudden retreat from risk.

(3) Bitcoin whipsawed in a volatile trading session in Asia after a selloff that briefly dragged the token to a more than 50% retreat from its October peak.

(4) Bank of England Governor Andrew Bailey appeared to endorse markets betting on a 50% chance of an interest-rate cut in March after a more dovish-than-expected decision to maintain the cost of borrowing this month.

(5) The euro zone will need time to see further productivity gains from an AI-related investment boom, European Central Bank President Christine Lagarde said.

Podcast Conversation:At $7,700 a Day, Aman’s Cruises Test Travelers’ Price Limits

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Episoder(1174)

Daybreak Weekend: New Home Sales, UK Prime Minister, Japan Marine Day

Daybreak Weekend: New Home Sales, UK Prime Minister, Japan Marine Day

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to new home sales data with a focus on three stocks...

17 Jul 38min

Trump’s Primetime Claims, Chip Selloff Deepens, Burnham To Greenlight Drilling

Trump’s Primetime Claims, Chip Selloff Deepens, Burnham To Greenlight Drilling

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump devoted a prime-time address to reviving unsubstantiated claims that the 2020 election was ...

17 Jul 21min

Economic Peril Warning, Hedge Funds Buy Alpha, England Exit World Cup

Economic Peril Warning, Hedge Funds Buy Alpha, England Exit World Cup

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The global economy faces a renewed challenge if the conflict that’s choked the Strait of Hormuz isn’t resolved in ...

16 Jul 18min

Trump Accelerates War, BOE Warns Burnham, Spain Beats France 2-0

Trump Accelerates War, BOE Warns Burnham, Spain Beats France 2-0

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US completed an additional round of strikes against Iran hitting dozens of military targets near the Strait o...

15 Jul 19min

US-Iran Truce Collapses, ‘$30M’ Supertanker Fees, Cocaine Empire Exposed

US-Iran Truce Collapses, ‘$30M’ Supertanker Fees, Cocaine Empire Exposed

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The United States has carried out another round of strikes on Iran, after President Trump vowed to hit the country...

14 Jul 18min

Hormuz: Open or Closed? 10K Heat Wave Deaths, Europe Diplomacy In-Tray

Hormuz: Open or Closed? 10K Heat Wave Deaths, Europe Diplomacy In-Tray

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US launched fresh missile attacks against Iran on Sunday in what has become a pattern of strikes and counterst...

13 Jul 19min

Daybreak Weekend: US CPI, ECB Outlook, South Korea Constitution Day

Daybreak Weekend: US CPI, ECB Outlook, South Korea Constitution Day

Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with a focus on three...

10 Jul 38min

Burnham’s UK Coronation, Monaco Bomber New Twist, Europe Bakes Again

Burnham’s UK Coronation, Monaco Bomber New Twist, Europe Bakes Again

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs forma...

10 Jul 20min

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