Business
Xi, Putin Meet & Nestlé Ousts CEO Over Office Affair | Daybreak Europe 9/2/2025
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, Chinese President Xi Jinping has held bilateral talks with Russian President Vladimir Putin in Beijing. Xi welcomed Putin by calling him an “old friend”, highlighting the nations’ close ties. Meanwhile, President Trump says India is offering to lower its tariffs, after the US slapped a 50-percent levy on a wide range of imports, punishing India for its continued purchases of Russian oil. And Nestle has ousted its CEO Laurent Freixe, after only a year in the job, due to an undisclosed workplace affair. The Swiss food giant named Philipp Navratil, who heads the Nespresso coffee brand, as his replacement.
Today’s guests: Josie Anderson, European Economist at Nomura
Chapters:
00:00:00 – Daybreak Europe
00:02:16 – Japanese JGBs Auction Relief
00:04:05 – Xi, Putin Meeting in Beijing
00:05:42 – China to Host Military Parade on Wednesday
00:08:36 – Modi: India, Russia Share ‘Special’ Ties
00:09:59 – Trump: India Offered to Cut Its Tariffs to ‘Nothing’
00:12:42 – Gold Hits Record High, Tops $3,500
00:16:21 – EU Chief’s Plane Hit By Alleged Russian GPS Jamming
00:18:51 – European Gas Edges Higher as Optimism Over Ukraine Peace Fades
00:22:15 – Revolut Begins Secondary Share Sale at $75 Billion Valuation
00:22:36 – Deutsche Bank to Rejoin Euro Stoxx 50 After Seven-Year Absence
00:22:55 – UK PM Reshuffles Downing Street Team
00:23:23 – French PM Continues Fight For Survival
00:26:47 – Euro Area Inflation Data Due Today
00:28:22 – Josie Anderson, European Economist at Nomura
00:36:53 – Nestlé Ousts CEO Over Office Affair and Taps Nespresso Boss
00:39:31 – Lab-grown Diamonds Cut Into Botswana’s Rich
00:45:42 – European CPI In Focus
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In an exclusive interview, Bloomberg’s Haslinda Amin speaks with India’s ‘Queen of Biotech’, Kiran Mazumdar-Shaw, about drug pricing and her mission to deliver life-saving therapies to patients.
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Anthropic PBC is in talks to buy the artificial intelligence startup Decart AI for about $6 billion, according to people familiar with the matter, in what would be the Claude maker’s largest known acquisition. Bloomberg’s Ed Ludlow joins to discuss.
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US billionaire Bill Ackman has made a $64.7 billion bid for Universal Music Group — home to Taylor Swift and Drake.
Benoit Berthelot explains.
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Investors are bracing for the next potential hit to SpaceX shares when $101 billion worth of stock becomes available for trading on Thursday with the scheduled ending of a lockup agreement restricting insider share sales. Leen Al-Rashdan reports on Bloomberg Television.
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Julian Emanuel, Evercore ISI chief equity & quantitative strategist, says the odds of a Federal Reserve interest rate hike may keep rising ahead of the next decision that comes in September. Emanuel says that could cause some volatility in markets. He speaks on “Bloomberg Surveillance.”
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