US Strikes Iran for 10th Day; Burnham Surprises with Chancellor Healey | Daybreak Europe 7/21/2026
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, 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, the US launched another wave of strikes on Iran, after President Trump said Iran would ‘pay’ for the deaths of US troops. The 10th consecutive day of attacks came even as mediators sought to revive the truce.
The new UK Prime Minister Andy Burnham has made the surprise decision to appoint former Defense Secretary John Healey as Chancellor, fuelling speculation about a bigger increase in military spending.
And the US says it will impose a fresh 50% tariff on some Canadian goods, alleging Canada has been treating American cars, alcohol and dairy unfairly.
Today’s guest: Tim Bale, Queen Mary University of London, Politics Professor.
Chapters:
00:00:00 – Daybreak Europe
00:00:53 – Chip Stocks Drive Asia Rebound
00:05:48 – US Strikes More Iranian Targets as Houthis Threaten Blockade
00:09:19 – Burnham Chooses Healey as Chancellor
00:13:54 – US Vows 50% Tariff on Canada
00:16:31 – Trade War Looms Over US-Canada Tariff Threat
00:19:50 – France, Germany Plot Roadmap on China Trade
00:21:45 – EU Fines Alibaba for Selling Illegal Products
00:27:26 – Burnham Pledges ‘Circuit Breaker’ Moment for UK
00:33:30 – Tim Bale, Queen Mary University of London, Politics Professor
00:38:09 – Gilts Rattled on Burnham’s First Day as Fiscal Fears Return
00:42:34 – Boeing Returns to Air Show With Flurry of Orders
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