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Macron Meets Xi Jinping, Signs Deals in Beijing | Daybreak Europe 12/4/2025

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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, 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, Presidents Emmanuel Macron and Xi Jinping are meeting in Beijing as part of a three-day visit for the French leader. The pair are expected to discuss a range of issues from economics and trade, to Taiwan and the war in Ukraine.

US President Donald Trump says a meeting between his envoy Steve Witkoff and Vladimir Putin was “reasonably good”. But the President acknowledged he doesn’t know what the outcome will be after successive rounds of talks over a deal to end the fighting in Ukraine.

Donald Trump’s allies are considering having Treasury Secretary Scott Bessent take on the additional role of heading the National Economic Council if Kevin Hassett becomes Fed chair, a move that would consolidate Bessent’s oversight of Trump’s economic policies.

Today’s guests: Joyce Chang, JP Morgan Global Research Chair & Glen Gowers, Co-founder and CEO of Basecamp Research.

Chapters:
00:00:00 – Daybreak Europe 12/4/25
00:00:54 – Futures Check
00:02:35 – Japan auctions 30-year bonds
00:05:14 – Macron, Xi meet in Beijing
00:08:34 – ADP says US payrolls fell by 32K jobs in Nov.
00:10:26 – Bessent under discussion to head NEC
00:13:37 – Rio Tinto: Mid-term CapEx guidance 2028+ reverting to less than $10B
00:15:06 – US jobs data fuels Fed rate-cut bets
00:17:56 – European equities to outperform US and EM | Joyce Chang
00:21:42 – Nvidia scores lobbying win on chip export bill
00:22:51 – Salesforce gives strong outlook, touts AI
00:23:07 – Meta poaches Apple’s top designer
00:26:32 – Russia: No compromise on Ukraine after US talks
00:29:31 – Oil traders eye Putin-Modi meeting, Ukraine talks
00:33:41 – Rio Tinto’s new boss lays out cost cuts in strategy overhaul
00:38:26 – Nvidia backs basecamp research
00:40:06 – FDA clears way for faster personalized gene editing therapy
00:44:48 – Mag 7 underperforms mid-caps
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SpaceX Agrees to $60 Billion Cursor Takeover Post-IPO

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SpaceX will take over Cursor in a deal that values the artificial intelligence coding startup at $60 billion, as Elon Musk aims to catch up with rivals on coding tools. The deal is expected to close in the third quarter. Ed Ludlow reports on Bloomberg Television.
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Trump Takes Center Stage at G7 Family Photo

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World leaders gather for a family photo at the Group of Seven summit in Evian, France. They lined up in two rows. French President Emmanuel Macron stood in the front center, with President Donald Trump to his right and India’s Narendra Modi to his left Various leaders from outside the G7 were also invited to attend Tuesday’s meetings.
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Salesforce to Buy AI Firm That Handles Customer Service

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Salesforce Inc. has agreed to buy Fin, a firm that develops artificial intelligence-powered customer agents, for about $3.6 billion as the software company works to win new business for enterprise AI.
Fin’s flagship product, AI Agent, handles customer queries via chat, email, WhatsApp, text message, phone and Slack. Bloomberg Intelligence Technology Analyst Anurag Rana joined Paul Sweeney and Scarlet Fu on “Bloomberg Intelligence.”
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China’s Central Bank Hints at New Policy Framework | The China Show 6/17/2026

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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 – Bloomberg: “The China Show” opens
00:03:57 – US set to offer Iran broad financial gains in peace deal
00:07:50 – Traders in Asia look ahead to Fed decision later
00:13:51 – UBP’s Carlos Casanova on why he expects the Fed to cut next
00:22:53 – China, Hong Kong markets open
00:29:12 – Chinese stocks in HK hit bleak milestones
00:31:50 – AI stock rally in boom phase, not euphoria: BofA survey
00:35:47 – Hedgeye Risk Management’s Felix Wang on why he has the only short recommendation on Zhipu
00:51:33 – StashAway’s Stephanie Leung on why she doesn’t expect a Fed hike this year
01:01:39 – Opinion: China seizing on Anthropic’s retreat
01:05:48 – Alert: China’s He says Shanghai will be supported in developing its shipping insurance business
01:10:59 – US set to offer Iran broad financial gains in peace deal
01:19:56 – Breaking: PBOC hints at new policy framework
——–
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Iran War: Can Trump Really Reopen the Strait of Hormuz by Friday?

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President Donald Trump says the Strait of Hormuz will be open by Friday when a peace deal with Iran is to be signed, but it’s not clear how that will happen. Becca Wasser, defense lead for Bloomberg Economics, says the waterway may not be open as Trump envisions. There are still unanswered questions about what exactly a reopening of the strait will look like, whether it will be safe to cross after months of false starts, and if the waterway will be restored as a toll-free zone. She reports on “Balance of Power.”
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