UK’s Healey Plans to Raise Bank Taxes
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, 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, global stocks bounced back as dip buyers stepped in after the chip selloff. Fed Chairman Kevin Warsh said AI will be a “huge benefit” to the US economy, in a moderated discussion at the International Monetary Fund’s annual meetings.
The European Union is preparing to create new trade powers that could completely shut off access to its single market as part of a dramatic new push to cut the trade deficit with China.
And UK Chancellor of the Exchequer John Healey is set to raise taxes on banks to fund cost-of-living support for voters and stabilize the public finances, as he looks for sources of revenue that won’t violate Labour Party campaign pledges.
Today’s guest: Suki Cooper, Standard Chartered, Global Head of Commodities Research.
Chapters:
00:00:00 – Daybreak Europe
00:00:54 – Stocks Rise Up as Dip Buyers Step in
00:04:42 – Warsh Boosts Market Expectations of Fed Rate Hold in October
00:08:11 – CoreWeave Founders Shield Fortunes With $3.3 Billion Stock Sales
00:09:28 – Nvidia CEO Downplays CoreWeave Concerns, Bolstering Stock
00:13:04 – EU to Bolster Its Power to Block Chinese Imports in Trade Fight
00:18:18 – Healey: Banks are a Big Contributor to Economy
00:20:29 – Banks Warn Higher Taxes Harm Britain’s Economy
00:26:17 – Trump Muses on Future Iran Strike With ‘Mother of All Bombs’
00:28:25 – Suki Cooper, Standard Chartered, Global Head of Commodities Research
00:40:47 – Nscale Vowing to Build Massive Computers for AI
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