Gold Soars Past $4,000, Macron Boxed In, First Footballer Billionaire
Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally. (2) From across the political spectrum, Emmanuel Macron’s rivals are turning up the pressure on the French president, demanding their choice of prime minister, snap elections and even his resignation. (3) Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. (4) Teams from the US, Qatar, Israel and other nations are headed to Egypt as part of a final push for a deal with Hamas aimed at ending the two-year war that’s devastated Gaza and destabilized much of the Middle East. (5) Saving a lifetime’s worth of earnings still wouldn’t be enough for the average British worker to reach the ranks of the wealthy, according to a new report revealing that economic inequality in the country has dramatically worsened over the last 15 years. (6) Cristiano Ronaldo’s football career has been a series of glittering firsts, from a record transfer to Real Madrid to scoring more competition goals than any man in history. He’s now notched up another huge win off the pitch: becoming the first billionaire player. Podcast Conversation: Taylor Swift’s ‘Showgirl’ Media-Blitz Had a DownfallSee omnystudio.com/listener for privacy information.
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France’s Crisis Deepens, Explosive AI Stock Rally, Cybercrime’s High Cost
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Emmanuel Macron gave his outgoing prime minister, Sebastien Lecornu, 48 hours to negotiate with France’s political parties in a last-ditch effort to prevent the country from falling deeper into crisis.(2) President Donald Trump said he would negotiate with Democrats over health care subsidies, a move that could open the door to resolving the government shutdown that has stretched into a second week.(3) Advanced Micro Devices Inc. landed a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry.(4) Citadel’s Ken Griffin said investors are starting to view gold as a safer asset than the dollar, a development that’s “really concerning” to the billionaire investor.(5) Bank of England Governor Andrew Bailey said Britain must boost investment if it wants to reap the rewards from any economic boom triggered by artificial intelligence.See omnystudio.com/listener for privacy information.
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Update: French Prime Minister Sebastien Lecornu Resigns
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) France’s Prime Minister Sebastien Lecornu resigned Monday just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis and sparking a selloff of French assets.(2) Gold rose to another record — closing in on the $4,000 an ounce mark — as the US Federal government shutdown dragged on.(3) President Donald Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that’s devastated Gaza and destabilized the Middle East as the warring sides are set to begin mediated talks on Monday.(4) UK Home Secretary Shabana Mahmood will give police new powers to place limits on repeated protests and is considering legislation to ban them outright, after weeks of demonstrations led to mass arrests and strained resources.(5) French President Emmanuel Macron’s decision to appoint a broadly unchanged cabinet sparked an immediate backlash from opposition parties, undermining Prime Minister Sebastien Lecornu’s chances of surviving a make-or-break week in parliament.(6) OPEC+ is showing a cautious commitment to keep battling for a share of the global oil market — despite signs that a long-awaited surplus is starting to emerge.See omnystudio.com/listener for privacy information.
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17:09
Japan Bond Market Fear, Israel-Hamas Talks, Mega Bet Burns Banks
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Japan’s election of a pro-stimulus leader shook up global markets, sending stocks surging on prospects for more spending, while currencies and bonds weakened, driving investors toward alternative assets such as gold and Bitcoin.(2) President Donald Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that’s devastated Gaza and destabilized the Middle East as the warring sides are set to begin mediated talks on Monday.(3) UK Home Secretary Shabana Mahmood will give police new powers to place limits on repeated protests and is considering legislation to ban them outright, after weeks of demonstrations led to mass arrests and strained resources.(4) French President Emmanuel Macron’s decision to appoint a broadly unchanged cabinet sparked an immediate backlash from opposition parties, undermining Prime Minister Sebastien Lecornu’s chances of surviving a make-or-break week in parliament.(5) OPEC+ is showing a cautious commitment to keep battling for a share of the global oil market — despite signs that a long-awaited surplus is starting to emerge.Podcast Conversation: Custom Vacheron Constantin Timepiece Shines at the Louvre: EssaySee omnystudio.com/listener for privacy information.
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Daybreak Weekend: Pfizer Deal, Nobel Peace, Golden Week
Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the impact of lumber and timber tariffs on housing, and President Donald Trump’s Pfizer deal on drugmakers. In the UK – a look ahead to the Nobel Prize decisions. In Asia – a look ahead to the impact of the Golden Week holiday. See omnystudio.com/listener for privacy information.
Brasil