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’s order doubling steel and aluminium tariffs to 50-percent is now in effect. But for now, UK steel tariffs will remain at 25%. The White House says the move will help protect American jobs and domestic industries.
Meanwhile, Elon Musk has blasted President Trump’s signature tax bill as a “budget-busting abomination” in a public clash with the US leader following his departure from the administration.
The White House has confirmed President Trump will attend the upcoming NATO summit at The Hague on at the end of this month.
Bloomberg has learned that UK Prime Minister Keir Starmer is considering a Ministry of Defence request to back NATO’s proposed new military spending target of 3.5% of national output by 2032.
Today’s guests: David Hirschmann, Permira Credit Co-Head
Chapters:
00:00:00 – Daybreak: Europe
00:02:29 – Asia Stocks Rise on US Jobs Data
00:04:25 – Korean Won Gains, Bonds Underperform
00:05:20 – Trump Signs Order Hiking Metal Tariffs
00:08:03 – Bessent: China Has a “Choice” on Being A Reliable Partner
00:09:36 – Elon Musk Blasts Trump Tax “Big Beautiful” Bill
00:11:34 – Goolsbee: Wait and See on Tariff Impact
00:12:33 – US Job Openings Increased in April
00:16:39 – South Korean Elects Lee Jae-Myung President
00:21:31 – US Sends “Friendly Reminder” to Trade Partner
00:22:17 – Crowdstrike Falls as Forecast Lags
00:22:38 – Meta Buys Nuclear Power from Constellation
00:23:05 – Merz Government Plans EU46B Corporation Tax Break
00:26:51 – David Hirschmann, Permira Credit Co-Head
00:34:54 – China Considers Ordering Hundreds of Airbus Jet in Major Deal
00:36:06 – Virgin Australia Sets IPO Price at A$2.90/ Share: AFR
00:36:30 – Toyota Group to Privatize Toyota Industries in $33B Deal
00:36:53 – VW: 20,000 Workers Agree to Leave
00:37:54 – Trump to Attend June NATO Summit
00:40:25 – Schoof: Fall of Cabinet Irresponsible
00:42:16 – UK Shifts War Footing to “Always-On”
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