US VP Vance on Iran Conflict: “I Wouldn’t Call it a War” | Daybreak Europe 9/4/2026

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. Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as “a war” given that major combat operations ended several weeks ago — even though military strikes recently intensified in the region. Global stocks extended their advance as easing bets on a Federal Reserve interest-rate hike this month lifted sentiment. And Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker. Chapters: 00:00:00 - Daybreak Europe 00:01:01 - Stocks Rise as Fed Rate Hike Bet Eases 00:04:39 - Strong Yen Hits Japan Exporters 00:08:37 - Anthropic Finalizing $45B Pre-IPO Credit Facility 00:13:37 - Germany's Far-Right on the Cusp of Power 00:16:20 - Merz Says Far-Right Would Put Off Investors 00:20:26 - Irish PM On Europe's Defense Procurement 00:24:03 - JD Vance Plays Down Iran Conflict 00:25:32 - Oil Set for Biggest Weekly Gain Since July 00:28:16 - VW Supervisory Board Backs Broad Overhaul 00:30:32 - Giorgia Meloni Marks historic Milestone 00:35:52 - Fears Grow on Extended US-Iran Conflict 00:39:30 - Real Toll of Europe's Heatwaves -------- 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