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

On today's podcast:

(1) The Chinese Communist Party’s official mouthpiece called on the world’s biggest economies to “jointly safeguard hard-won achievements” from their latest trade talks, ahead of a high-stakes meeting between Donald Trump and Xi Jinping.

(2) Top trade negotiators for the US and China said they came to terms on a range of contentious points, setting the table for leaders Donald Trump and Xi Jinping to finalize a deal and ease trade tensions that have rattled global markets.

(3) HSBC will set aside $1.1 billion to cover litigation by investors who lost money in Bernard Madoff’s fraud, the latest global bank to face a significant hit from cases dating back years.

(4) President Javier Milei’s party won Argentina’s midterm vote Sunday, a result that will give the libertarian leader a strong foothold in Congress to continue pursuing aggressive free-market policies that have won praise and a financial lifeline from Donald Trump.

 
(5) Former Bank of England Governor Mervyn King says the Labour government lacks a coherent economic strategy.

(6) Trading houses, hedge funds and banks are on a hiring spree for specialist gold traders as interest in the metal soars, creating a battle for talent that is driving up pay packages in what has historically been a niche market.

Podcast Conversation: Housekeeper Salaries Top $100,000 as Luxury Furniture Booms

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to the next Fed meeting and earnings from U.S tech giants.
• In the UK – a look ahead to European defense earnings.
• In Asia – a look at top interviews from the APEC Finance Ministers' Meeting in South Korea.

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

On today's podcast:

(1) US President Donald Trump is aiming for a quick win in a pivotal Thursday meeting with Chinese counterpart Xi Jinping, even if the outcome falls short of the sweeping deal he’s teased on issues at the heart of the rivalry between the world’s two largest economies.

(2) China needs a bolder spending package to mend the finances of households and companies, according to a central bank adviser, as signs of resilience in the economy mask the damage wrought by the trade war with the US.

(3) Oil was on track for the biggest weekly gain since June after US sanctions on major Russian producers upended the market, raising the prospect for supply disruptions and greater demand for alternative grades.

(4) Binance co-founder Changpeng Zhao has received a pardon from Donald Trump, one of the biggest moves yet by the president to fully embrace the crypto industry and give legal reprieves to some of its most prominent people.

(5) Reform UK leader Nigel Farage says Bank of England Governor Andrew Bailey has "had a good run." Speaking to Bloomberg's Mishal Husain, he adds: "We might find someone new."

Podcast Conversation: ChatGPT Is a Bad Personal Shopper — But It’s Learning

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

On today's podcast:

(1) The Trump administration announced sanctions on Russia’s biggest oil producers, rolling out its first major package of financial punishments on President Vladimir Putin’s economy as part of a fresh bid to end the war in Ukraine.

(2) The Trump administration is weighing export restrictions against China that would bar the purchase of a wide swath of critical software, a White House official said Wednesday.

(3) Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming $1 trillion pay package and blasting the shareholder advisory firms that have come out against the plan.

(4) SAP, Europe’s most valuable software company, reported third-quarter cloud revenue that missed analysts’ estimates in a sign that trade disputes and a weaker economy are weighing on sales.

(5) A majority of European Union countries, including Germany and France, are calling for a systematic review of the bloc’s regulations by the end of the year to dismantle old rules that pose challenges for the competitiveness of its companies.

Podcast Conversation: Wine Bars Are Booming Due to Casual Dining Trends, Tough Economy

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

On today's podcast:

(1) Gold and silver saw their steepest selloff in years as investors locked in profits on concern that the recent historic rally in the precious metals left them overvalued.

(2) European nations are working with Ukraine on a 12-point proposal to end Russia’s war along current battle lines, pushing back against Vladimir Putin’s renewed demands to the US for Kyiv to surrender territory in return for a peace deal.

(3) President Donald Trump said Tuesday he did not want to have “a wasted meeting” with Russian President Vladimir Putin, the latest sign that a planned second summit between the two leaders could be in jeopardy.

(4) US President Donald Trump predicted an upcoming meeting with his Chinese counterpart, Xi Jinping, would yield a “good deal” on trade — while also conceding that the highly anticipated talks may not happen.

(5) Netflix said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.

(6) The Bank of England warned of parallels between the $1.7 trillion private credit boom and the subprime debt crisis, as UK officials confirmed plans to subject the market to stress tests.

Podcast Conversation: Sorry, Pop Mart, Labubu Is Just Not Lego or Pokemon: Shuli Ren

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

On today's podcast:

(1) US President Donald Trump has cast doubt on Ukraine's ability to defeat Russian forces, marking a dramatic shift from his previous view that the country could reclaim all of its territory.

(2) The UK is preparing to spend "well over" £100 million to send its forces into Ukraine and provide aircraft for a stabilization force if a ceasefire agreement with Russia is reached.

(3) Australia and the US have signed a pact to increase America's access to rare earths and other critical minerals in a deal to counter China's control over supply chains.

(4) Sanae Takaichi has become Japan's first female prime minister and his preparing to announce her cabinet later today after winning a vote in the lower house of parliament.

(5) Amazon Web Services. the world's largest cloud provider, said its operations have returned to normal after an internet outage disrupted many of the world's biggest websites and apps.

(6) Shares in French bank BNP Paribas plummeted by almost eight per cent after a US court ruling linked it to human rights abuses in Sudan.

Podcast Conversation: The Brazen, 7-Minute Jewelry Heist at the Louvre

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

On today's podcast:

(1) Israel launched strikes against Hamas in Gaza and reportedly suspended all aid shipments on Sunday after blaming Hamas for a lethal Palestinian ambush that left two soldiers dead.

(2) The world-renowned Louvre museum in Paris was shut on Sunday after several pieces of invaluable jewelry were stolen in a brazen robbery.

(3) China said the economy is still on track to reach this year’s expansion goal even after reporting the weakest growth in a year, with a boost from booming exports undermined by weak spending and investment.

(4) President Donald Trump listed rare earths, fentanyl and soybeans as the US’s top issues with China just before the two sides return to the negotiating table and as a fragile trade truce nears expiration.

(5) Software and computer services companies saw the biggest rise in profit warnings among UK-listed firms last quarter, according to a report from consultancy EY-Parthenon.

(6) French bond futures declined after S&P Global Ratings downgraded its sovereign credit score, an unscheduled move that highlights the nation’s fiscal woes and places its debt at risk of forced selling by some funds.

Podcast Conversation: A $1.2 Trillion Question: Can Conferences Be Less Terrible?

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Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to earnings from Tesla and Netflix.
• In the UK – a look ahead to European bank earnings.
• In Asia – a look ahead to a meeting between President Donald Trump and Australia Prime Minister Anthony Albanese.

See omnystudio.com/listener for privacy information.

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

On today's podcast:

(1) US President Donald Trump said he would hold a second meeting with Russian President Vladimir Putin “within two weeks or so” aimed at ending the war in Ukraine.

(2) NATO countries should keep “all options” open if Russia violates their airspace again, including shooting down Russian jets, Canadian Prime Minister Mark Carney said.

(3) A brutal rout in regional bank stocks is highlighting a view that is taking hold among jittery traders: Sell now, ask questions later.

(4) BBVA SA’s $19 billion offer for Banco Sabadell SA was rejected by nearly three quarters of shareholders, ending a takeover saga that has been going on for 17 months in a major setback to the pursuer.

(5) The White House is poised to ease tariffs on the US auto industry, a move that would deliver a major win for carmakers that have aggressively lobbied to stem the fallout from record-level import duties.

Podcast Conversation: Here’s Why 1990s Nostalgia Has Lasted Beyond Its Expiration Date
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