Iran War: Trump Says New Talks to Begin | Daybreak Europe 8/3/2026

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 President says new talks with Iran are set to begin after he cancelled a planned attack. Oil tumbled and bonds gained on hopes for a deal to reopen the Strait of Hormuz. Iran says it's in the final stages of talks with Oman on a new route through the Strait, but the talks don't cover whether it will be open or closed. Japan and the US warned of further coordinated action in FX markets, after confirming their first joint intervention in 15 years to lift the Japanese currency from a near four-decade low. And Bloomberg understands that AstraZeneca has looked into an acquisition of Bristol Myers Squibb in a megadeal that would create one of the world's largest drugmakers. Today's guest: Ludovic Subran, Allianz, CIO & Chief Economist. Chapters: 00:00:00 - Daybreak Europe 00:01:08 - Oil Falls on Optimism for US-Iran Deal, Yen Gains 00:06:29 - Oil Slumps as Trump Holds Off Iran Attack, Says Talks to Resume 00:09:23 - Yen Rises Amid Speculation of More Intervention After US Support 00:12:40 - AstraZeneca Is Said to Have Explored Bristol Myers Merger  00:20:44 - Europe's Key Rivers are Drying up Due to Extreme Heat 00:23:08 - US and Japan Move to Transform Yen Landscape With Joint Action 00:24:57 - Trump Says Iran Talks to Begin Monday After Scrapping Attack 00:28:33 - Ludovic Subran, Allianz, CIO & Chief Economist 00:32:46 - European Earnings Week Ahead 00:43:29 - US & Japan Warn of Further Intervention -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts