Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries...
Trump Sets Tariffs on Steel and Aluminum, Altman Responds to Musk's OpenAI Offer
On today's podcast: 1) Trump Sets 25% Steel, Aluminum Tariffs, Widening Trade War President Donald Trump ordered a 25% tariff on steel and aluminum imports, escalating his efforts to protect politically important US industries with levies hitting some of the country’s closest allies. The tariffs will apply widely to all US imports of steel and aluminum, including from Canada and Mexico, among the country’s top foreign suppliers of the metals. The levies, which also include finished metal products, are meant to crack down on what administration officials said were efforts by countries like Russia and China to circumvent existing duties. 2) EU Says It Will Impose Countermeasures Against US Tariffs The European Union vowed to respond to 25% tariffs President Donald Trump said the US will impose on steel and aluminum imports, escalating a potential trade dispute with one of Washington’s closest allies. “I deeply regret the US decision to impose tariffs on European steel and aluminum exports,” European Commission President Ursula von der Leyen said in a Tuesday statement. “Unjustified tariffs on the EU will not go unanswered — they will trigger firm and proportionate countermeasures.” 3) Altman Says ‘No Thank You’ to Musk-Led Group’s OpenAI Bid A group of investors led by Elon Musk has offered to buy the nonprofit that controls OpenAI for $97.4 billion, escalating a clash between the Tesla chief executive and the artificial intelligence company he co-founded. With the unsolicited bid, Musk said he hopes to return OpenAI to being “the open-source, safety-focused force for good it once was,” according to a statement. In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion if you want.”See omnystudio.com/listener for privacy information.
On today's podcast: 1) Eagles Defeat Chiefs 40-22 To Win Their Second Super Bowl A ferocious Philadelphia Eagles defense tormented and frustrated Patrick Mahomes while Hurts made all the plays the offense needed. So much for the Kansas City Chiefs’ quest for a Super Bowl three-peat. It wasn’t even close. Cooper DeJean got a pick-6 on his 22nd birthday, Josh Sweat pressured Mahomes all night and the Eagles routed the Chiefs 40-22 on Sunday to secure the franchise’s second Super Bowl championship. 2) Trump Plans Tariffs on Steel, Aluminum Imports President Donald Trump plans to impose 25% tariffs on all imports of steel and aluminum into the US, broadening his trade restrictions to some of the country’s top trading partners and seeking to protect domestic industries that helped him win battleground states last year. 3) BP Shares Jump After Activist Investor Elliott Builds Stake BP Plc shares surged the most since 2020 after one of the world’s most aggressive activist investors built a stake in the company, seeking to end years of under-performance. Elliott Investment Management, led by Paul Singer, has amassed a significant holding in the British energy giant, Bloomberg reported on Saturday. This is typically the first step in a playbook it has deployed to successfully push for change at many other big public companies. Over the years, the fund’s efforts have led to strategy shifts, CEO departures and even corporate breakups.See omnystudio.com/listener for privacy information.
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Daybreak Weekend: US CPI, Paris AI Summit, Trade War
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 look at U.S CPI and Retail sales data, along with quarterly earnings from McDonalds. In the UK – a look at a summit on artificial intelligence taking place in Paris. In Asia – a look at the potential fallout of Donald Trump's trade war with China. See omnystudio.com/listener for privacy information.
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Trump's Fed Worker Buyout Plan on Hold; Amazon Can't Keep Up with AI Demand
On today's podcast: 1) Judge Temporarily Halts Trump, Musk Federal Worker ‘Buyout’ A judge temporarily delayed the deadline for millions of federal workers to decide whether to accept the Trump administration offer to resign with the promise of months of full pay. 2) Amazon, Echoing Microsoft, Says It Can’t Keep Up With AI DemandAmazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite plans to invest some $100 billion this year. 3) Alaska Crash Marks Third Air Tragedy in US in Just Two WeeksA plane carrying 10 people that went missing in rural Alaska on Thursday during bad weather looks set to be the third deadly aviation disaster in the US over a span of just two weeks.See omnystudio.com/listener for privacy information.
On today's podcast: 1) GOP Senators Break With House Over Trump’s Budget Strategy 2) Musk ‘Buyout’ Taken by 40,000 Federal Workers as Deadline Nears 3) Bessent Says Trump Wants Lower 10-Year Yields, Not Fed CutsSee omnystudio.com/listener for privacy information.
Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.
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