Markets Brace for First US Fed Hike Since 2023

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. Bond traders have piled into bearish positions ahead of Wednesday’s Federal Reserve meeting, betting that the Treasury selloff driving yields to their highest in almost two decades will continue. OpenAI is holding early talks with investors about a fresh funding round that would value company at more than $1.2 trillion ahead of an IPO. Senior Trump administration officials met Tuesday with Anthropic’s top Washington executive to discuss AI safety risks. And Friedrich Merz cancelled his trip to the United Nations General Assembly in New York next week, changing course as the German chancellor faces growing opposition within his own conservative party ahead of closely-watched regional elections on Sunday. Today's guest: Luis Garicano, Rhine Group, Executive Director & London School of Economics Professor. Chapters: 00:00:00 - Daybreak Europe 00:03:44 - Softbank CDS Hovers Near 3-Year High 00:06:22 - Bond Traders Pile Into Bearish Positions Pre-Fed 00:09:13 - OpenAI Weighs Funding Round at $1.2T Valuation 00:12:41 - Hayley McKelvey, Deloitte UK Chief AI Officer 00:19:01 - Bessent to Meet Chinese Counterpart 00:26:14 - Von Der Leyen to Give State of the Union Speech 00:32:33 - Luis Garicano, Rhine Group, Executive Director & London School of Economics Professor 00:36:29 - EU to Unveil Latest Clampdown on Big Tech 00:42:05 - UK CPI to Hit 3% in August 00:44:55 - Traders Ramp up Bets on BOE Rate Hikes -------- 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