Business
HSBC Profit Misses, UBS Beats; Trump to Make Final Call on China Truce | Daybreak Europe 7/30/2025
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, HSBC shares fall in Hong Kong, as higher costs hit quarterly profit. But it’s a beat for UBS. Record earnings too for Banco Santander, which announces a €1.7B share buyback.
Also on the program, China says it has agreed to extend the tariff truce with the US, but Treasury Secretary Scott Bessent says Donald Trump will have the final say. Plus, with the Fed widely expected to hold interest rates steady, investors watch for signs of dissent on the FOMC.
Chapters:
00:00:00 – Daybreak Europe
00:00:57 – Mercedes Sees Earnings Drop Over Tariffs, China Competition
00:04:23 – UBS Profit Beats Estimates as Ermotti Sees Brighter Outlook
00:08:16 – HSBC Quarterly Profit Stung by Higher Costs, China Charge
00:09:02 – Bessent: Nothing Agreed Until We Speak to Trump
00:09:15 – Trump on Deal Truce With China
00:12:03 – Gucci Sales Dive as Kering Label Faces Another Design Change
00:13:30 – Hermès Quarterly Results Set to Show Resilience
00:17:21 – Fed to Avoid Clear Signal on Rate-Cut Timing
00:19:12 – US 2Q GDP Reading Due Today
00:20:33 – UK to Recognize Palestine Unless Israel Stops War
00:23:00 – Trump Gives Putin 10 Days to End Ukraine War
00:24:57 – France Prelim 2Q GDP +0.3% Q/Q
00:25:37 – Adidas 2Q Miss, Lacks Guidance Lift
00:27:28 – Santander 2Q NII Meets Estimates
00:28:42 – HSBC Announces Up To $3B Buyback
00:30:30 – Mercedes Reinstates Guidance at Lower Level
00:33:41 – Boeing’s Turnaround Is Gaining Altitude
00:34:08 – Starbucks Misses Sales Forecast Depsite CEO’s Turnaround Push
00:34:23 – Visa FY Earnings Outlook Unchanged
00:34:38 – L’Oreal Sales Disppoint
00:35:38 – Novo Nordisk Plunges as Outlook Cut, New CEO Named
00:37:51 – Big Tech to Report Today
00:39:39 – Apple Loses Another Top A1 Researcher to Meta
00:39:59 – Source: Anthropic Nears Deal To Raise Funding at $170B Value
00:40:18 – Microsoft Nears OpenAI Deal For Ongoing Tech Access
00:40:43 – Powerful Quake Triggers Tsunami Warnings
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The US carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz. Hours earlier, President Donald Trump asserted that no one nation would control the vital waterway, highlighting a key obstacle in resolving the conflict. Bloomberg’s Jill Disis reports.
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Ebola may have killed more than 200 people so far in the Democratic Republic of Congo and is turning into a regional security …
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, …
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Business
Trump Says He Will make ‘Final Determination’ on Iran | Balance of Power: Early Edition 5/29/2026
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss President Trump’s signal that he will make decision whether to extend the fragile ceasefire with Iran for another 60 days. On today’s show, former US Congresswoman from California Jane Harman, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, President and CEO of Republican Main Street Partnership Sarah Chamberlain, and Hermeus president Zach Shore. In addition, Governor of the Bank of England Andrew Bailey in conversation with Bloomberg’s Stephanie Flanders from the Reykjavík Economic Conference.
Chapters:
00:00:00 – Balance of Power: Early Edition
00:02:28 – Stocks Hit Records High After US-Iran Deal Reports
00:04:24 – Trump Says ‘Final Determination’ on Iran Is Coming
00:07:52 – Oil Slides as Trades Bet on US-Iran Truce Renewal
00:11:57 – Congress to Take Up War Powers Resolution Again After Recess
00:14:35 – Bank of England’s Bailey on Bloomberg
00:16:24 – Bailey: Uk Banks Don’t Have Access to Mythos
00:19:45 – Bailey: Glasswing Phase 2 Hasn’t Happened Yet
00:20:42 – Bailey: Must Have International Approach to Cyber Risk
00:23:13 – Bailey: There Are Signs of Strains in Private Credit
00:25:49 – Bailey: Stablecoin Issuance Limits Certainly an Option
00:28:04 – Trump Says ‘Final Determination’ on Iran Is Coming
00:29:23 – Congress to Take Up War Powers Resolution Again After Recess
00:31:08 – Republicans Grapple with Impact of War, Inflation Ahead of Midterms
00:32:02 – Trump Says He Doesn’t Care About Midterms in Iran Negotiations
00:36:09 – Stocks Hit Records High After US-Iran Deal Reports
00:37:47 – Pentagon Floats Increased Defense Budget
00:39:56 – Pentagon Spending Quagmire Threatens to Ensnare US Lawmakers
00:43:08 – Hermeus Archives Its First Unmanned Supersonic Flight
——–
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