Bloomberg Daybreak: Europe Edition18 Mar

Europe Says No To Trump, Iran Diplomacy Hope Dims, Cathie Wood Talks AI & War

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

On today's podcast:

(1) US President Donald Trump abandoned his effort to recruit partners for the war with Iran and scolded allies who openly rejected his appeals, even as he repeated claims the conflict would end soon.

(2) Europe is learning how to say “no” to Donald Trump over his war in Iran. Nearly three weeks into the expanding conflict, European leaders have stopped equivocating and started outright telling the US president they won’t help his campaign with Israel.

(3) Israel’s killing of Ali Larijani, a veteran Iranian politician known for his pragmatism and long experience helming national security, leaves the Islamic Republic’s wartime leadership largely in the hands of hardliners who may be less likely to seek a diplomatic pathway out of the war.

(4) Oil dropped as Iraq signed a deal to resume exports via Turkey that avoid the Strait of Hormuz, and as the US stepped up efforts to force the reopening of the key waterway.

(5) Artificial intelligence won’t necessarily lead to job cuts in Europe and may benefit companies in the region, according to Bundesbank President Joachim Nagel.

(6) Chancellor of the Exchequer Rachel Reeves said she is drawing up plans to give regional leaders in the UK control of some national tax revenues as part of her push to raise economic growth across Britain.

Podcast Conversation: Why a $1,000 Jacket Puts Designer Todd Snyder at the Sweet Spot

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