Bloomberg Daybreak: Europe Edition

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) At least 10 people are dead and 25 injured after a mass shooting in northeastern British Columbia, according to the police. The shootings were Canada's deadliest rampage since 2020.

(2) European Union leaders are finally ready to unify their markets to compete globally, European Council President Antonio Costa said, arguing that the fracturing world order is driving the continent to act.

(3) The European Parliament is moving closer to approving a trade deal with the US after senior lawmakers agreed to make some changes ahead of a vote planned this month.

(4) Russia’s crude shipments are holding steady in the face of mounting pressures on its critical oil trade, but the steeper discounts that are keeping the barrels flowing have hammered the Kremlin’s revenues.

(5) Kimbal Musk, a longtime director at Tesla and the brother of Elon Musk, was connected with at least two women through Jeffrey Epstein several years after the disgraced financier pleaded guilty to sex crimes, emails released by the US Justice Department show.

(6) Poland has never been more prosperous or more influential since regaining its independence as a sovereign state a little over a century ago. Data compiled by Bloomberg show that companies from Poland announced 22 acquisitions in Western Europe last year, the highest number on record, and another four are in the works this year.
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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Keir Starmer’s cabinet members voiced their support for the prime minister on Monday, buying him time to shore up his beleaguered premiership after the Labour Party’s leader in Scotland urged him to quit.

(2) The European Union is preparing a series of options to embed Ukraine’s membership in a future peace deal, according to people familiar with the matter.

(3) The European Central Bank is striving to ensure inflation remains under control as part of efforts to fortify the continent’s economy, President Christine Lagarde said, urging lawmakers to follow through on a list of necessary reforms.

(4) US insurance broker stocks were pummeled Monday as the launch of an artificial intelligence tool from privately held online insurance shopping platform Insurify sparked fears about the industry facing disruption.

(5) A typical lower-income British household would have to wait 137 years to see its living standards double, according to the Resolution Foundation — more than three times longer than in the past.

(6) Aberdeen, with its windswept views of the North Sea, has for decades carried the title of Europe’s oil capital. Yet that status has been slipping for years, sharpening a political fight in Westminster over whether the industry is even worth salvaging at this point.

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

On today's podcast:

(1) Keir Starmer’s future is in the balance after a crisis over the appointment of Peter Mandelson as ambassador to Washington claimed the UK prime minister’s closest aide.

(2) Chinese regulators have advised financial institutions to rein in their holdings of US Treasuries, citing concerns over concentration risks and market volatility, according to people familiar with the matter.

(3) Japanese Prime Minister Sanae Takaichi secured a historic election triumph, positioning her as the nation’s strongest leader in the postwar era in an outcome that sent stock prices and bond yields soaring.

(4) Iran’s President Masoud Pezeshkian described the Friday nuclear talks with Washington as “a step forward,” even as he pushed back against any attempts at intimidation.

(5) The Seattle Seahawks have won the Superbowl -- beating the New England Patriots 29 to 13, with the halftime performance by Puerto Rican artist Bad Bunny being attacked as "an affront to the Greatness of America".

(6) American activist investor Steven Wood’s one-man mission to overhaul the governance and culture of Swatch Group just became a lot harder. The company’s shares — the most shorted in Europe — recently had their best day ever, and are up 15% this year.

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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 S jobs and CPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to International Energy Week in London.
In Asia – a look ahead to Softbank Earnings.

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

On today's podcast:

(1) Amazon shares dropped after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors that its colossal bet on artificial intelligence may not pay off in the long run

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(2) All across Wall Street, day by day, the headlong rush into the most popular trades, from tech stocks to gold to cryptocurrencies, has given way to a sudden retreat from risk.

(3) Bitcoin whipsawed in a volatile trading session in Asia after a selloff that briefly dragged the token to a more than 50% retreat from its October peak.

(4) Bank of England Governor Andrew Bailey appeared to endorse markets betting on a 50% chance of an interest-rate cut in March after a more dovish-than-expected decision to maintain the cost of borrowing this month.

(5) The euro zone will need time to see further productivity gains from an AI-related investment boom, European Central Bank President Christine Lagarde said.

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