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, the US President reveals details of the higher tariff rates he intends to set, including 25% on Japan and South Korea. But Donald Trump also says he’s still open to negotiation and the August 1 deadline is "firm, but not 100% firm."
The EU races to sign a preliminary trade deal with the US this week, hoping to lock in 10% tariffs with exemptions for aircraft, wine and other key products.
Plus, Samsung profits fall for the first time since 2023. It blames US curbs on AI chip exports to China, but South Korea’s largest company has also lost ground to rivals SK Hynix and Micron.
Chapters:
00:00:00 – Daybreak: Europe
00:02:52 – Stocks Stabilize as Trump Open to Talks on Tariffs
00:04:28 – Trump Threatens 25% Tariff on Japan, South Korea
00:05:43 – Trump Issues New Tariff Rates, Still Open to Negotiations
00:09:39 – Tariff Relief Spreads to Send Bond Yields Jumping
00:13:41 – Samsung Profit Halves on US Chip Curbs, AI Memory Delays
00:17:41 – Apple Loses Top AI Models Executive to Meta’s Hiring Spree
00:19:23 – Netanyahu Says He Nominated Trump for Nobel Peace Prize
00:22:11 – Trump, Israeli PM Discuss Potential Gaza Ceasefire
00:32:47 – Macron Due in UK for First State Visit
00:36:02 – EU Rushes to Conclude US Trade Deal
00:40:33 – UK’s Schroder Family Facing Defining Moment for City Dynasty
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