HSBC Profit Misses, UBS Beats; Trump to Make Final Call on China Truce | Daybreak Europe 7/30/2025

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, HSBC shares fall in Hong Kong, as higher costs hit quarterly profit. But it’s a beat for UBS. Record earnings too for Banco Santander, which announces a €1.7B share buyback.

Also on the program, China says it has agreed to extend the tariff truce with the US, but Treasury Secretary Scott Bessent says Donald Trump will have the final say. Plus, with the Fed widely expected to hold interest rates steady, investors watch for signs of dissent on the FOMC.

Chapters:
00:00:00 – Daybreak Europe
00:00:57 – Mercedes Sees Earnings Drop Over Tariffs, China Competition
00:04:23 – UBS Profit Beats Estimates as Ermotti Sees Brighter Outlook
00:08:16 – HSBC Quarterly Profit Stung by Higher Costs, China Charge
00:09:02 – Bessent: Nothing Agreed Until We Speak to Trump
00:09:15 – Trump on Deal Truce With China
00:12:03 – Gucci Sales Dive as Kering Label Faces Another Design Change
00:13:30 – Hermès Quarterly Results Set to Show Resilience
00:17:21 – Fed to Avoid Clear Signal on Rate-Cut Timing
00:19:12 – US 2Q GDP Reading Due Today
00:20:33 – UK to Recognize Palestine Unless Israel Stops War
00:23:00 – Trump Gives Putin 10 Days to End Ukraine War
00:24:57 – France Prelim 2Q GDP +0.3% Q/Q
00:25:37 – Adidas 2Q Miss, Lacks Guidance Lift
00:27:28 – Santander 2Q NII Meets Estimates
00:28:42 – HSBC Announces Up To $3B Buyback
00:30:30 – Mercedes Reinstates Guidance at Lower Level
00:33:41 – Boeing’s Turnaround Is Gaining Altitude
00:34:08 – Starbucks Misses Sales Forecast Depsite CEO’s Turnaround Push
00:34:23 – Visa FY Earnings Outlook Unchanged
00:34:38 – L’Oreal Sales Disppoint
00:35:38 – Novo Nordisk Plunges as Outlook Cut, New CEO Named
00:37:51 – Big Tech to Report Today
00:39:39 – Apple Loses Another Top A1 Researcher to Meta
00:39:59 – Source: Anthropic Nears Deal To Raise Funding at $170B Value
00:40:18 – Microsoft Nears OpenAI Deal For Ongoing Tech Access
00:40:43 – Powerful Quake Triggers Tsunami Warnings
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source