Business
South Korea Confirms Over $1 Trillion in AI Spending | Daybreak Europe 6/29/2026
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.
South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung and SK Hynix initiating large-scale investments in memory chips, data centers and robotics.
The US and Iran agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce.
And Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as prime minister.
Today’s guest: Fabricio Bloisi, CEO, Prosus and Naspers Group.
Chapters:
00:00:00 – Daybreak Europe
00:03:22 – Nikkei Slumps on AI Durability Worries
00:05:40 – US, Iran to Halt Attacks Ahead of Talks
00:10:16 – Traders Fully Price Fed Rate Hike This Year
00:13:39 – Anthropic Mythos 5 Cleared by US for Wider Use
00:16:00 – Lee: Massive Competition in Chips, AI Sectors
00:19:58 – Samsung, SK Hynix to Build 2 Chip Fabs Each in 800T Won Project
00:23:09 – Reeves Suggests Burnham Will Remove Her as UK Chancellor
00:26:21 – Andy Burnham Sets Out 10-Year-Mission to Raise Living Standards
00:29:43 – China’s State Media Say EU Risks ‘Freezing’ of Ties Over Trade
00:34:42 – Greenland’s Uneasy Investment Landscape
00:41:01 – Fabricio Bloisi, CEO, Prosus and Naspers Group
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Business
Parents Weigh New Trump Accounts for Newborns
Parents can now begin contributing to newly launched Trump Accounts, which provide a $1,000 government-funded investment for eligible children born between 2025 and 2028. Bloomberg’s Sarah Foster joins David Gura and Christina Ruffini on Bloomberg This Weekend and explains that financial advisers still generally favor 529 plans for education savings and that questions remain about the new accounts’ tax treatment, withdrawal rules and future investment options.
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Business
The Future of Long-Haul Trucking Is Already on China’s Roads
China is one of the global frontrunners in the development of Advanced Driver Assistance Systems (ADAS) technology. These systems are now being used by most of China’s biggest logistics companies across 85 percent of China’s highways, including SF Express and YTO Express, plus international brands like Budweiser and Nestlé. Bloomberg’s Chief North Asia Correspondent Stephen Engle hitched a ride with an ADAS truck driver to report more on trucking logistics.
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Business
World Cup Attendance Sets Record
The USMNT remains competitive heading into its Round of 16 match against Belgium despite the suspension of striker Folarin Balogun, while France remains the tournament favorite led by Kylian Mbappé. Bloomberg News Senior Sports Reporter Randall Williams joins David Gura and Christina Ruffini on the couch of Bloomberg This Weekend and explains that the expanded FIFA World Cup has shattered attendance records and delivered a significant tourism and economic boost to host cities across the US, with packed stadiums and fan zones driving spending.
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Business
Socialist Gains Test Democratic Party Unity
Victories by Democratic Socialist candidates are intensifying debate over the Democratic Party’s ideological direction, as Dem leaders seek to balance a broader coalition while avoiding internal divisions ahead of the midterm elections. Joining Bloomberg This Weekend for this discussion are Bloomberg News White House Correspondent Jeff Mason, Bloomberg Opinion Columnist Gautam Mukunda, and Politico Reporter Madison Fernandez who explain that Republicans are moving quickly to use the rise of democratic socialism as a political line of attack, creating a new messaging challenge for Democrats.
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Business
Trump reports at least $1.4 billion in 2025 crypto earnings#shorts #crypto #trump
President Donald Trump reported earning at least $1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure. Kailey Leinz and Romaine Bostick break it down bloom.bg/4bkZ6Zk
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