Daybreak Weekend: Fed Meeting, ECB Decision, RBA Preview

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) A regional jet flown for American Airlines Group Inc. collided in a deadly midair crash with a military helicopter as it flew into Ronald Reagan Washington National Airport, prompting a search and rescue operation for any survivors in the Potomac River.(2) Federal Reserve Chair Jerome Powell made clear the US central bank intends to hold interest rates where they are for the foreseeable future, pointing to a number of reasons why he and his colleagues expect to take their time before lowering borrowing costs again. (3) Tesla has revealed plans to begin robotaxi operations and forecast a sales recovery this year, fueling what Elon Musk predicted would be an “epic” period of growth for the electric vehicle maker.(4) Chancellor of the Exchequer Rachel Reeves threw her weight behind a controversial third runway at Heathrow Airport, part of the Labour government’s effort to revive growth by waving through long-delayed infrastructure projects.(5) Microsoft said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to build enough data centers to handle demand for its artificial intelligence products.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Rachel Reeves will pledge to go “further and faster” to boost the UK economy by unblocking new infrastructure projects, as she seeks to lure investors and win back business support after a rocky start to her tenure as Chancellor of the Exchequer.(2) Microsoft and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorized manner by a group linked to Chinese artificial intelligence startup DeepSeek, according to people familiar with the matter.(3) Apple has been secretly working with SpaceX and T-Mobile US Inc. to add support for the Starlink network in its latest iPhone software, providing an alternative to the company’s in-house satellite-communication service.The companies have been testing iPhones with the Starlink. (4) President Trump's surprise announcement to halt trillions of dollars in federal spending sparked panic in Washington and among local officials across the country.(5) Bernard Arnault said a wind of optimism is blowing through the US after Donald Trump’s inauguration as president, in contrast to his native France, where the government is seeking to raise corporate taxes and unemployment is increasing.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) A Chinese AI startup called DeepSeek has released a new open-source AI model called R1 that can mimic human reasoning, rivalling or outperforming leading US developers on industry benchmarks.(2) Nvidia's plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from the world’s largest company.(3) President Donald Trump said he wants to enact across-the-board tariffs that are “much bigger” than 2.5%, the latest in a string of signals Monday that he’s preparing widespread levies to reshape US supply chains.(4) The US Senate confirmed Scott Bessent as the next secretary of the Treasury, becoming the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing.(5) The UK plans to allow companies to invest pension funds surpluses in order to unlock billions of pounds to help drive economic growth, Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves will tell executives at some of Britain’s biggest firms on Tuesday.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) UK Prime Minister Keir Starmer and US President Donald Trump discussed trade in their first conversation since Trump re-entered the White House. They also agreed to “meet soon.”(2) Business activity has slumped at British firms and profit warnings have risen, according to two reports that say each trend is the worst it’s been since the pandemic.(3) The Colombian government has agreed to all of President Donald Trump’s terms, including the unrestricted acceptance of all undocumented immigrants from Colombia returned from the US, without limitation or delay, according to a White House Press Secretary statement.(4) Four weeks before Germany’s snap election, the political temperature is rising as the campaign shifts onto the contentious terrain of migration and Elon Musk steps up his support for the far-right AfD party. (5) Chinese AI startup DeepSeek's new model raises questions about America's technological dominance and the high valuations of companies like Nvidia.See omnystudio.com/listener for privacy information.

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 next week’s Fed decision and U.S tech earnings. In the UK – a preview of next week’s ECB decision. In Asia – a preview of next week’s RBA decision and a look at U.S-China trade relations. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) President Donald Trump said he’d prefer not to have to impose tariffs on China, his latest dovish remark toward the world’s second-biggest economy even as he continues to threaten sweeping action.  (2) President Donald Trump signed executive actions related to cryptocurrency and artificial intelligence, moves that could bolster two nascent industries. (3) US President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil,” casting the push for more crude output as a way to heighten pressure on Russia and help end the nearly three-year war in Ukraine.  (4) The Bank of Japan raised its key policy rate Friday to the highest level in 17 years and took a more bullish view on the strength of inflation, fueling expectations for more rate hikes and supporting the yen. (5) UK household confidence tumbled to the lowest since before Labour returned to power as the fallout from Chancellor Rachel Reeves’ budget continued into the new year. (6) Millions of people are being told to stay home in the north of the UK due to a life-threatening storm. The UK's weather service has issued its most severe 'red' warning in Northern Ireland and parts of Scotland, with the rest of the country under either amber or yellow alerts.Monte Paschi offers to buy Mediobanca in an all share deal.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Volodymyr Zelenskiy said any effective peacekeeping force deployed in Ukraine will need to include US troops, as he appealed to Donald Trump ahead of talks with Russia.  (2) A Russian spy ship entered British waters twice in recent weeks, prompting the UK to deploy Royal Navy ships, Royal Air Force planes and a submarine, Defence Secretary John Healey said. (3) President Donald Trump downplayed the national security risk posed by TikTok in an interview with Fox News on Wednesday, days after offering the social video app a reprieve from legislation that would have forced it to shut down. (4) Bloomberg Economics says there are good reasons to think recessions will be more frequent in Britain in coming years. (5) Fire crews are making progress on blunting the threat from an enormous new blaze north of Los Angeles that forced students to evacuate and prompted inmates to shelter in place. (6) Elon Musk openly questioned whether companies that joined President Donald Trump’s announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises, exposing an early internal rift within the White House.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) President Donald Trump said his threat to hit China with 10% tariffs on all imports was still on the table and indicated it could come as soon as next month. (2) SoftBank, OpenAI, and Oracle are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology. (3) President Donald Trump says he’s likely to impose sanctions on Russia if President Vladimir Putin doesn’t come to the table to negotiate on Ukraine, during remarks at the White House. (4) Netflix closed 2024 with its biggest quarterly subscriber gain in history, buoyed by its first major live sporting events and the return of Squid Game. (5) The UK government has ousted the chair of the Competition and Markets Authority, Britain’s antitrust watchdog, as ministers seek to reinforce the message that they want regulators to do more to facilitate economic growth.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump said he planned to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, reiterating his contention that America’s two immediate neighbors are letting undocumented migrants and drugs flood into the country.(2) President Donald Trump held off unveiling China-specific tariffs on his first day in office, instead ordering his administration to address unfair trade practices globally and investigate whether Beijing had complied with a deal signed during his first term.(3) President Donald Trump temporarily halted a ban on TikTok in the US, granting the company and its Chinese parent ByteDance Ltd. more time to reach a deal for the popular app that would resolve long-standing US national security concerns.(4) Donald Trump pardoned almost all of the people convicted for participating in the Jan. 6, 2021, attack on the US Capitol and ordered charges dropped in any pending cases, fulfilling a controversial campaign promise just hours after he returned to the White House.(5) President Donald Trump wasted little time taking action on two culturally controversial issues he campaigned on, signing executive orders ending federal diversity programs and restricting gender definition to two sexes — male and female.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-elect Donald Trump will sign close to 100 executive orders within hours of taking office, he says at a pre-inauguration dinner in Washington DC.(2) A long-delayed ceasefire in the Gaza war began taking hold as Hamas released three hostages on Sunday in exchange for 90 Palestinians held in Israeli prisons. (3) Donald Trump pledged to delay enforcement of a national security law that threatened to ban TikTok. Yet it’s not clear whether the app’s Chinese parent is able — or willing — to secure a US backer in time to avoid a permanent shutdown.(4) Hedge funds have long been regarded as notoriously expensive. New research reveals just how costly they truly are for their clients.(5) Asking prices for UK homes jumped by the most in over one-and-a-half years at the start of 2025, a sign of resilient confidence in the property market, according to Rightmove.See omnystudio.com/listener for privacy information.