Business
Trump Touts Economic Record in State of the Union | Daybreak Europe 2/25/2026
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.
On today’s show, the US President offered a strident defense of his administration and economic record, declaring the nation is “bigger, better, richer and stronger than ever before”. In the longest-ever State of the Union address, Donald Trump celebrated Olympic victories and military heroism, while at the same time as pledging better fortunes for the public and attacking his rival Democrats.
Also on the show, HSBC raises its bonus pool 10% to $3.93B – the highest in at least a decade. That’s after full-year earnings beat estimates, boosted by a strong performance at its wealth division.
Plus, we speak with the CEO of the UK self-driving software startup Wayve after its latest fundraise at a valuation of $8.6B. The Series D was led by Eclipse Ventures, Balderton Capital and SoftBank, with investment from existing backers Microsoft, Nvidia and Uber. Wayve is aiming to launch self-driving Ubers running on its software in London this year.
Today’s guest: Sudha David-Wilp, German Marshall Fund, Vice President of External Relations & Senior Fellow.
Chapters:
00:00:00 – Daybreak Europe
00:01:32 – Takaichi Makes Dovish BOJ Nominations
00:05:47 – Tariffs, 401(k)s, Shouting: Key Takeaways From Trump’s Speech
00:08:33 – Trump Makes SOTU Pitch Facing Headwinds
00:12:25 – UBS Now Sees Private Credit Defaults Reaching 15% in Worst Case
00:16:05 – Anthropic Emphasizes Sector Partnership
00:18:12 – Meta to Deploy AMD Gear for Data Centres, AI
00:20:39 – HSBC Bonus Pool Rises to Highest in at Least a Decade
00:24:54 – Trump Touts Economic Success
00:26:42 – Trump Defends Foreign Affairs Record
00:31:16 – Sudha David-Wilp, German Marshall Fund, Vice President of External Relations & Senior Fellow
00:36:10 – Paramount Revises Warner Bid
00:39:50 – Wayve Secures $1.5b to Rollout Self-Driving Taxis
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Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the …
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Shipping in the Strait of Hormuz was at a near standstill early Sunday after Iran reversed its decision to reopen the waterway and …
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Oil and gas prices plunged early Friday after Iran said the Strait of Hormuz is now completely open to traffic. But Bloomberg’s Mia Gindis says it may take some time for tanker traffic to bounce back. She reports on “Bloomberg Open Interest.”
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More on Bloomberg Television and Markets
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Bloomberg News White House Correspondent Jeff Mason and The Associated Press’ International Correspondent Philip …
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On the early edition of Balance of Power, Bloombe Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the reopening of the Strait of Hormuz and the potential suspension of Iran’s nuclear program. On today’s show Chatham House associate fellow Natasha Hall, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, principal of the International Practice at BGR Group Lester Munson, and Rapidan Energy Group founder and president Bob McNally.
Chapters:
00:00:00 – Balance of Power: Early Edition Begins
00:06:32 – Tyler Kendall, Bloomberg News
00:09:01 – Natasha Hall, Chatham House
00:20:30 – Kate Sullivan, Bloomberg News
00:24:09 – Jeanne Sheehan Zaino & Lester Munson, BGR Group
00:31:28 – Eric Weiner, Bloomberg News
00:35:27 – Bob McNally, Rapidan Energy Group
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