Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US – a preview of the IMF and World Bank meetings, and U.S Retail sales.
In the UK – a look at German Chancellor Olaf Scholz’s visit to China.
In Asia -  a look at a slew of China economic data, including GDP, Industrial production and retail sales
See omnystudio.com/listener for privacy information.

Daybreak Weekend: IMF Meetings, Scholz in China, China Data Dump

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On today's podcast:

(1) Standing in the rain and being drowned out by protesters playing the Labour Party’s 1997 victory anthem “Things Can Only Get Better” will not have been Rishi Sunak’s preferred backdrop for his announcement naming the date of the next UK election.

(2) UK Prime Minister Rishi Sunak’s decision to stake the Conservative Party’s future on a rare summer election was so secret that even his chancellor of the exchequer, Jeremy Hunt, appeared surprised by the plan.

(3) Nvidia the chipmaker at the center of an artificial intelligence boom, gained in late trading after a bullish sales forecast showed that AI computing spending remains strong.

(4) Federal Reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and “many” questioned whether policy was restrictive enough to bring inflation down to their target.

(5) BHP Group just won an extra week to convince Anglo American Plc on its $49 billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa?  See omnystudio.com/listener for privacy information.

Sunak's Summer Election Gamble & Nvidia Delivers On AI Hype

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK inflation cooled less than expected last month due in part to lingering price pressures at restaurants and pubs, threatening to delay interest rate cuts from the Bank of England. 

(2) European Central Bank President Christine Lagarde indicated that an interest-rate cut is probable next month with the rapid gain in consumer-price growth now largely contained.

(3) Two Federal Reserve officials reinforced a higher-for-longer message on interest rates, emphasizing a need for patience as the central bank waits for more evidence inflation is moving lower.

(4)  Barclays is among Wall Street firms weighing whether to require scores of workers to commute to company offices five days a week, as US brokerage regulators enact new rules for supervising work at home.

(5) Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region's biggest industries. BYD which overtook Tesla.  See omnystudio.com/listener for privacy information.

UK Inflation Upside Surprise  & Nvidia Earning Expectations

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast: 

(1) The chief prosecutor for the International Criminal Court said Monday he is seeking arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas leader Yahya Sinwar on war crimes charges.

(2)  Raisi’s death in Iran opens questions over Khamenei succession. In Saudi Arabia, the  Crown Prince has canceled trips over King Salman’s ill health. This is another complicating factor in Washington's push for a US dense agreement with Riyadh

(3) The chief executive officer of JPMorgan, Jamie Dimon, told shareholders the timetable is “not five years anymore,” in response to a question about how long he planned to remain CEO. The largest US bank is “well on the way” with its succession plans, he said during the firm’s investor day.

(4) Martin Gruenberg will step down as head of the Federal Deposit Insurance Corp. after findings of a toxic work environment put the regulator at the center of a heated political fight and fueled calls for his removal. 

(5)  Cleveland Fed President Loretta Mester said policy is restrictive, but policymakers need to wait for more evidence about the path of inflation before adjusting interest rates.  See omnystudio.com/listener for privacy information.

ICC Seeks Netanyahu War Crimes Charge & Scarlett Johansson's Open AI Clash

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1)  Iranian President Ebrahim Raisi has been killed in a helicopter crash in a mountainous area of the country. Rescuers on Monday found the helicopter that had been carrying the president and other officials including Foreign Minister Hossein Amirabdollahian, who also died, the semi-official Mehr news agency reported.
(2) The death of Iranian President Ebrahim Raisi in a helicopter crash raises the immediate question of who will succeed him in running the government.
(3) Israel's Prime Minister Benjamin Netanyahu is facing increasing pressure from the other two members of the country's war cabinet. Opposition leader Benny Gantz says he'll resign from the cabinet if Netanyahu doesn't adopt a new post-war strategy in Gaza.
(4) London still leads European cities in attracting foreign direct investment in financial services, with the UK's share of new projects reaching the highest level in a decade, a survey by Ernst & Young showed.
(5) Buyout firms splurged on low-margin British consumer companies, seduced by bargain prices and cheap money. Higher interest rates are upending that wager.  See omnystudio.com/listener for privacy information.

Iran's President and Foreign Minister Killed In Helicopter Crash


In the US – a preview of home sales data and Nvidia earnings.
In the UK – a look at the upcoming meeting of G7 finance ministers and central bankers in Italy.
In Asia – a preview of the inauguration of Taiwan’s president.
See omnystudio.com/listener for privacy information.

Daybreak Weekend: IMF Meetings, Scholz in China, China Data Dump

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