UK Chancellor John Healey Defends Budget Plans

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, the tech rally stalled as Google parent Alphabet slumped 10% post-market on concerns its massive AI spending isn't paying off. Samsung also fell after it withheld its shareholder payout plans until January 2027. The US Federal Reserve held interest rates as policymakers look for more data on the inflation outlook. The ECB set to follow suit as it grapples with soaring energy prices and a selloff in French bonds. And the UK Chancellor has told Bloomberg his Budget will tackle the deficit. John Healey unveiled a modest maiden budget, with measures to bring in £6.6 billion in additional revenue by fiscal year 2030-31. Today's guest: Rufaro Chiriseri, RBC Wealth Management, Head of Fixed Income. Chapters: 00:00:00 - Daybreak Europe 00:01:04 - Tech Rally Stalls as Alphabet, Samsung Disaapoint 00:06:03 - Samsung Hikes AI Spending, Dashes Shareholder Payout Hopes 00:09:39 - ECB Expected to Hold Amid Market Turbulence 00:13:19 - Fed Holds Fire as Warsh Telegraphs More Hikes Without Saying It 00:18:29 - Spain's Deadliest Rail Crash Since 2013 00:21:12 - Netanyahu Bloc Set to Win Most Seats in Israeli Elections 00:25:07 - Healey Defends Scale of UK Budget and Warns Hard Decisions Ahead 00:34:35 - Rufaro Chiriseri, RBC Wealth Management, Head of Fixed Income 00:42:44 - Monte Paschi Investor Meeting Takes Place Today -------- 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