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Andy Burnham Wins Election In Threat to UK Prime Minister Keir Starmer | Daybreak Europe 6/19/2026
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.
Greater Manchester Mayor Andy Burnham won a decisive victory for the ruling Labour Party that delivers him a seat in Parliament and, with it, a pathway to challenge UK Prime Minister Keir Starmer for his job.
Vice President JD Vance will not depart as planned for face-to-face negotiations with Iran in Switzerland, the White House said, as the US and Iran begin a 60-day countdown to reach a nuclear agreement and a more permanent peace deal.
And Dutch chip-equipment giant ASML is contending with its biggest challenge yet under the Trump administration: In a series of recent meetings, Commerce Secretary Howard Lutnick outlined concerns to ASML’s senior leaders that one of its top-of-the-line machines may have made its way into China, in violation of US-led export restrictions. ASML says they’ve never shipped an EUV chip machine to China.
Today’s guests:
Alastair Pinder, Head of EM & Global Equity Strategist, HSBC; Simon French, Chief Economist, Panmure Gordon
Chapters:
00:00:00 – Daybreak Europe
00:03:05 – Andy Burnham wins UK’s Makerfield special election
00:08:30 – US ends Hormuz blockade, stranded oil strems through
00:12:48 – Alastair Pinder, HSBC Head of EM & Global Equity Strategist
00:19:57 – US concerned China may have ASML top chip tool
00:24:16 – Friday headlines
00:26:27 – Front Page News
00:27:19 – Russia outreach met with frustration by some countries
00:33:50 – Burnham advised by ex-BOE, Goldman economists
00:34:11 – Simon French, Panmure Gordon Chief Economist
00:41:55 – Tracking the cost of a chocolate croissant
00:45:54 – Risk events on the docket today
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The trial of Elon Musk v. Samuel Altman is beginning. And the personal feelings of jurors will pose a special challenge in the multi-billion dollar trial over Musk’s claims that Altman betrayed OpenAI’s founding principles, as it features two household names that each come with significant baggage.
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Should AI be regulated, or should society adapt to it instead? Economist Jason Furman argues that not every AI problem should be solved the same way. From bioweapons to job losses, he explains where the government should step in, where markets should adjust, and why the biggest AI debate may ultimately be a moral one.
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Bloomberg’s Allison Schrager and David Gura join Scarlet Fu and Tom Keene on “Bloomberg Money.” Schrager writes that “it is one of the great paradoxes of our time: Americans have never been richer — or more negative about the economy. More people are upper-middle class than ever, and even lower-income Americans are richer by almost every measure compared to previous generations. And yet more than three in five Americans say the economy is not working for them.”
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Bloomberg’s Chris Rovzar says workplace dress codes are evolving as warmer weather, changing office culture and designer collections prompt more employees to consider wearing shorts to work. He says a Bloomberg survey finds opinion remains divided, with supporters arguing shorts can be professional in the right setting while critics maintain traditional business attire still sets the standard.
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