Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Russia may escalate attacks against the Baltic States and Poland, a European intelligence official said, amid rising concern that Moscow wants to further intimidate nations supporting Ukraine.

(2) A $42 billion auction of 10-year US Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the US government.

(3) Prime Minister Sanae Takaichi’s government is supportive of a near-term rate hike by the Bank of Japan, with the next move likely either in September or October, according to people familiar with the matter.

(4) Global stocks climbed toward a record and bonds extended gains as a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve. Brent snapped a six-day rally.

(5) The US military campaign against Iran has so far failed to force the regime to capitulate. The Trump administration is betting once again that suffocating economic pressure will do the job.

(6) Europe’s fifth heat wave of the summer is set to peak Thursday, the latest in a string of extreme weather events that have strained health systems and energy networks across the region.

(7) The black box around Xi Jinping’s corruption crackdown has long fueled political gossip in China. Now, an underground market is emerging for selling purported secrets on who might be next to fall.

(8) Toms Kreicbergs worked on Wall Street before returning to his native Latvia, where he writes science fiction and engages in an enterprise almost as fanciful: trying to get more of his fellow citizens to invest in the stock market. In countries big and small, the European Union is chasing a dream: Its savers, with €11 trillion stashed in bank accounts, will finally develop a lust for stock and bond markets and pump money into businesses across the region, powering both European growth and their own prosperity.

Podcast Conversation: China Pioneered 90-Second Microdramas, and Hollywood Wants In

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil advanced for a sixth day on skepticism about the prospects for a deal that would restore energy flows through the Strait of Hormuz, despite an upbeat assessment from some officials.

(2) Pakistan’s defense minister said the US and Iran are “close to some sort of arrangement” over the Strait of Hormuz, even after both sides appeared to toughen their positions in the long-deadlocked negotiations.

(3) The yen edged closer toward a key level against the dollar, raising concerns over Japanese authorities stepping in again to prop up the currency.

(4) CoreWeave, a provider of computing that powers artificial intelligence systems, soared in late trading after the AI spending frenzy spurred faster sales growth than anticipated.

(5) Night will fall on Europe’s power system a bit early Wednesday evening, as an eclipse is set to block solar generation across parts of the UK and western Europe.

(6) Around 90,000 of London’s white-collar jobs are poised to transfer to other parts of the UK over the next five years, as Prime Minister Andy Burnham’s devolution drive and the capital’s cost pressures encourage businesses to shift work elsewhere.

Podcast Conversation: Curry Dish, Not Big Mac, Captures Just How Weak Yen Is, BNY Says

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Another wave of intense heat is set to sweep across an already parched Europe this week, raising wildfire risks, threatening crops and drying watersheds feeding the region’s critically low rivers.

(2) British shoppers retreated during the July heat wave, prioritizing small treats and cutting back elsewhere as the recent consumer boost showed signs of fading.

(3) US President Donald Trump made sweeping new demands on Iran after Tehran reiterated requests for reparations as part of talks to wind down the conflict, dimming hopes of a quick deal that would reopen the Strait of Hormuz.

(4) An Iranian assassination threat against President Donald Trump prompted an extraordinary operation last month in which he flew secretly from Turkey on an alternate military aircraft while the White House said he was aboard Air Force One, The Washington Post has learned.

(5) US investment giants including Apollo Global Management, Blackstone, BlackRock. and Brookfield Asset Management are partnering with Nvidia to source $500 billion in financing for artificial intelligence infrastructure.

Podcast Conversation: UK Wildfires Are Here to Stay. We Have to Adapt: Lara Williams

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Economic growth in the euro zone is set to quicken after showing surprising resilience to the Iran war, according to a Bloomberg survey of analysts.

(2) Iran promoted a hard-line ex-commander as its top security official, shaking up its highest decision-making body on national defense after saying it was “very close” to a deal with Oman over shipping through the Strait of Hormuz.

(3) The alleged leader of an Irish organized crime gang, Daniel Kinahan, has been extradited to Ireland from Dubai to face allegations that he ran an international drug smuggling and money laundering empire.

(4) Hiring at British businesses held steady in July, ending a downturn stretching back to the Liz Truss crisis in 2022, according to a closely watched survey.

(5) Prime Minister Andy Burnham is embarking on a nationwide tour to promote new policies aimed at reducing the cost of living, just as controversy over his prisons policy threatens to end the honeymoon he’s enjoyed since taking office.

Podcast Conversation:YouTube Stars Are a Hip New Asset Class: Lionel Lauren

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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 U.S CPI and PPI data, along with a focus on 3 stocks for the week ahead.
• In the UK – a look at some of Europe's biggest energy companies on their recent performance.
• In Asia – a look ahead to a monetary policy decision from the Reserve Bank of Australia.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) European natural gas jumped as traders awaited the US response to an Iran-Oman agreement on the Strait of Hormuz, while the continent faces pressure to replenish gas inventories before winter.

(2) Extreme heat has killed more than 25,000 people across Europe this year, according to the latest available data compiled by Bloomberg.

(3) The US blindsided the European Central Bank last week with its historic currency intervention to help Japan, only informing its counterparts in Frankfurt after it sold euros to buy the yen, the Financial Times reported, citing several people familiar with the matter.

(4) Andy Burnham’s government declined to rule out increasing bank taxes in its upcoming budget, as bumper profits among lenders prompt speculation that the new administration will target City of London firms.

(5) Meta Platforms was ordered Thursday to pay $567 million to the state of New Mexico and implement changes to protect minor users after a state court judge sided with the state’s attorney general in a landmark trial.

(6) A highly anticipated new device from OpenAI will have a unique look, complete with moving parts that help give it personality, and likely cost more than $300, according to people familiar with the matter.

(7) Coming off its most lucrative World Cup ever, FIFA is exploring selling US media rights for the next two tournaments together that would keep the controversial hydration breaks that boosted ad revenue, according to a person familiar with the matter.

Podcast Conversation: What Happens When Smoke Gets in Your Wines

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter.

(2) Just days after his hedge fund was on the brink of collapse, Leopold Aschenbrenner has made his return to the investing scene, plunking down $400 million to back a privately held company, according to people familiar with the matter.

(3) Iran said it had reached an agreement with Oman on a proposed route for shipping through the Strait of Hormuz, a potential step toward a reopening of the critical waterway for energy supplies.

(4) Commerzbank unveiled a fresh share buyback as Chief Executive Officer Bettina Orlopp seeks to demonstrate that her strategy delivers strong returns while Italian rival UniCredit is preparing to control.

(5) Germany’s Leipzig-Halle airport, a major hub for transporting cargo and military equipment, temporarily suspended flights after an armed drone was found overnight and a cargo plane collided in midair with a small, unidentified object.

(6) FIFA said Wednesday it had apologized for errors made over Gianni Infantino’s failed plan to sell stakes in the World Cup and that senior staff in attendance at a crisis meeting in Morocco “reaffirmed their full support” for his presidency.

(7) As President Vladimir Putin’s full-scale invasion of Ukraine extends for a fifth year, Russian businesses can no longer afford to keep pace with the Kremlin’s war machine in the wage race.

Podcast Conversation: Come to Edinburgh and Eat … Gelato

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) SpaceX’s stock fell after it disclosed higher-than-expected spending on its artificial intelligence business, overshadowing an inaugural quarterly report that broadly surpassed Wall Street forecasts.

(2) Advanced Micro Devices Inc. tumbled in late trading after giving an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.

(3) Artificial intelligence models developed by OpenAI and Anthropic PBC carried out “unsanctioned” actions — including hacking a website and attempting to inject harmful code into software during safety testing — reinforcing fears that neither the creators nor seasoned researchers of these systems can predict their actions in testing.

(4) President Donald Trump discussed efforts to de-escalate US-Iran tensions with Qatar’s Emir Sheikh Tamim Bin Hamad Al-Thani in a call Tuesday, according to the Gulf state’s government. A White House official confirmed the call, but didn’t offer additional details.

(5) Former senior officials from the UK, France, Germany and Russia met in Vienna last month to explore potential conditions for peace talks to end Moscow’s war on Ukraine, according to people familiar with the matter.

Podcast Conversation: ‘Refrigerator for Humans’ in Japan Offers Summer Scorcher Relief

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) HSBC announced a fresh stock buyback and raised its cost-cutting target as it reported second-quarter earnings that beat estimates despite China’s crackdown on cross-border wealth flows.

(2) The Rhine River’s water levels dropped to the lowest in nearly 150 years as hot, dry weather grips Europe, threatening to disrupt a crucial route for transporting coal, fuel and industrial commodities across a large swath of the continent.

(3) President Donald Trump said his latest offer of talks is a “last chance” for Iran after he called off what he said was a major attack on the Islamic Republic.

(4) The Iran war's impact is unfolding across Asia and it's visible from space. Bloomberg Economics analysis of NASA satellite imagery found that nearly 60% of the land area in the region experienced abnormal declines in nighttime radiance since the conflict began.

(5) The EU will try to restore unity today at a meeting of home affairs ministers, after Spain's migrant crisis exposed deep divisions within the bloc.

(6) Treasury Secretary Scott Bessent’s call for the Federal Reserve to boost a facility that Japan can use to support its currency has put renewed attention on the ties between the two institutions, which typically operate at arm’s length.

(7) Apple is yet again challenging the UK government in court over its attempts to access the encrypted data of customers, including iPhone users, according to two people familiar with the matter.

Podcast Conversation: Americans Are Rethinking Their Love Affair With Plant Milks

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said new Iran talks would begin Monday afternoon after he called off a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia.

(2) The yen rallied sharply on Monday amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.

(3) The UK government has more than doubled the number of crime agency officers deployed to combat human smuggling in the past 18 months as it steps up efforts to stop the gangs behind illegal migration.

(4) The Spanish port of Ceuta over the weekend no longer looked like a city on edge, but residents were still rattled by the events of last week. Nearly all of the around 60,000 people who crossed have been returned to Morocco, but the humanitarian crisis has reignited a debate around immigration in Europe.

(5) AstraZeneca has explored an acquisition of Bristol Myers Squibb, a megadeal that would create one of the world’s largest drugmakers, according to people familiar with the matter.

(6) Two helicopters collided in Greece’s Attica region, as they fought to contain a wildfire sweeping through a mountainous coastal area bedecked with forests.

(7) The evidence suggests that devolution is no panacea. But studies from Harvard and the Organisation for Economic Cooperation and Development are backing up new UK Prime Minister Andy Burnham's central theory of putting power in the hands of regional governments.
 
Podcast Conversation: AI Adoption Is Dividing Friends, Families and Co-Workers

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