Trump Moves To Fire Fed’s Cook, Bayrou Calls Confidence Vote | Daybreak Europe 8/26/2025

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, President Trump moves to oust Federal Reserve Governor Lisa Cook following allegations that she falsified mortgage documents, a dramatic escalation in the president’s battle to exert more control over the US central bank. Cook says Trump has no authority to fire her, and she won’t quit.
Plus, French Prime Minister Francois Bayrou calls a confidence vote over his budget proposals.

Chapters:
00:00:00 – Daybreak Europe
00:02:33 – Trump Moves to Fire Fed’s Cook, Escalating Central Bank Attack
00:05:36 – Dollar Falls With Longer Treasuries as Trump Fires Fed’s Cook
00:08:07 – Trump Says South Korea Tariff Deal Will Stay
00:13:44 – Israel Lauds Lebanese Move to Disarm Hezbollah, Offers Drawdown
00:16:15 – Israel Strikes a Gaza Hospital Twice, Killing at Least 20, Including Journalists and Rescuers
00:19:25 – France’s Government Risks Another Collapse, Weighing on Markets
00:26:18 – Dollar Drops, Gold Rises as Trump Ousts Fed’s Cook
00:29:55 – Trump Vows Export Curbs, Tariffs in Digital Tax Reprisal
00:34:37 – Bloomberg Intelligence: Best of Global Credit Strategy: Spread Utopia But Deeper Risks
00:40:06 – UK Food Inflation Accelerates as Retailers Face Higher Costs
00:43:03 – Musk Sues Apple, OpenAI, Saying They Hurt AI Competition
00:43:40 – Pinault Family Is Said to Mull Options for Puma Sports Brand
00:44:01 – Trump to Halt Development of Another Offshore Wind Farm
00:45:10 – French Benchmark Debt Premium Rises
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