Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Rachel Reeves denied misleading the British public about the state of the UK’s public finances ahead of her budget, as she faced ongoing criticism over her messaging in the run-up to Wednesday’s £26 billion package of tax hikes.(2) Prime Minister Keir Starmer said he’ll make a renewed push to curb UK welfare spending, as he vies to revive his ailing premiership and sell a budget which was poorly received by voters.(3) US and Ukrainian negotiators said they had productive discussions about a framework for a peace deal, but there was no final breakthrough as President Donald Trump continues to push for a truce with Russia.(4) President Donald Trump said Sunday he has decided on his pick for the next Federal Reserve chair after making clear he expects his nominee to deliver interest-rate cuts.(5) Switzerland voted to reject a 50% inheritance tax on super-rich residents after wealthy entrepreneurs threatened to leave the country.PODCAST CONVERSATION: Inside the Ostrich Effect: How Ignorance Has Become a Survival StrategySee omnystudio.com/listener for privacy information.
--------
19:03
--------
19:03
Daybreak Weekend: Tech Earnings, Middle East and Africa Summit, Labubu Craze
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 Crowdstrike, Snowflake, and Salesforce. In the UK – a look ahead to the seventh Milken Institute Middle East and Africa Summit. In Asia – a look ahead to whether Asia's Labubu toy has hit its peak. See omnystudio.com/listener for privacy information.
--------
37:46
--------
37:46
Hong Kong Death Toll Rises, Trump 'Third World' Threat, New Subway In Europe
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Hong Kong’s deadliest fire in decades, which killed at least 94 people and injured 76, has intensified scrutiny of the city’s safety-inspection system and whether officials responded forcefully enough to warning signs.(2) The UK government dropped a key measure from its flagship workers’ rights package in a bid to quell concerns of businesses who had warned the legislation would damage growth and employment.(3) US President Donald Trump’s proposals for ending the war in Ukraine could be the basis for future agreements, but no final version exists yet, Russian President Vladimir Putin said, while signaling an openness to talks.(4) Top Chinese diplomat Wang Yi used a call with his French counterpart to say the two sides needed to support each other, underscoring Beijing’s push to win diplomatic backing during a spat with Japan.(5) Coffee lovers hoping for quick relief from historically high prices may have to wait longer as the expected pullback from a reduction in US tariffs has yet to materialize, according to Italian roaster Illycaffe.Podcast Conversation: Sorry Mom. The Shopping Bots Suggested a Bathrobe for ChristmasSee omnystudio.com/listener for privacy information.
--------
16:36
--------
16:36
Labour’s High-Tax Gamble, Devastating Hong Kong Fire, Private Equity Resistance
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Chancellor of the Exchequer Rachel Reeves did enough in her budget to help her and Prime Minister Keir Starmer survive, building back a vital fiscal buffer and expanding welfare.(2) The UK government is expecting a bigger windfall from major reforms to a preferential tax system for wealthy residents, despite a growing number of ultra-rich individuals relocating to other territories.(3) Hong Kong’s deadliest residential fire in decades has killed at least 44 people and left hundreds missing, throwing fresh scrutiny on the city’s housing standards as Chinese President Xi Jinping urges all-out efforts to reduce casualties(4) Global equities were close to erasing their November losses as rising bets for Federal Reserve interest-rate cuts revived markets after a selloff sparked by worries over frothy AI valuations.(5) US economic activity was little changed in recent weeks, though overall consumer spending declined further except among higher-end shoppers, the Federal Reserve said. Podcast Conversation: To Wear or Not to Wear PJs Is the Ultimate Air Travel QuestionSee omnystudio.com/listener for privacy information.
--------
17:12
--------
17:12
Special Episode: Reeves Hikes Taxes After Budget Pre-Release Shambles
UK Chancellor of the Exchequer Rachel Reeves expanded her fiscal headroom to £22 billion by upping a range of taxes including: a levy on homes valued above £2 million, increasing fuel duty, and freezing the threshold people start paying income tax for longer. But her crucial budget was overshadowed when the Office for Budget Responsibility released its economic analysis, including all the budget's key measures, ahead of the Chancellor's big speech. Our budget top team of Bloomberg's Chief UK economist Dan Hanson, our UK Political Editor Alex Wickham, and Opinion Columnists Rosa Prince and Marcus Ashworth.See omnystudio.com/listener for privacy information.
Listen to Bloomberg Daybreak: Europe Edition, The Diary Of A CEO with Steven Bartlett and many other podcasts from around the world with the radio.net app
New Zealand