UK's Healey Plans to Raise Bank Taxes

Bloomberg Television8 hours ago47:03

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 -------- 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

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