Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Britain’s next prime minister must not pile more pressure on companies with further tax rises, one of the country’s largest business lobby groups has warned.

(2) Influential figures in Andy Burnham’s entourage have urged the would-be prime minister to break up the Treasury to refocus the government’s agenda on growth.

(3) NATO Secretary General Mark Rutte played to President Donald Trump’s love of praise and splashy visuals during a visit to Washington that was aimed at easing the US leader’s anger over alliance nations’ reluctance to help with the campaign against Iran.

(4) Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong.

(5) A searing heat wave continues to disrupt schools, transport and tourist attractions across Europe.

(6) Key parts of the oil market are suddenly awash in supply, as a stream of cargoes out of the Strait of Hormuz accelerates after the US-Iran agreement to open the waterway.

(7) Brazilian forward Vinicius Junior scored twice yesterday evening as his country booked their place in the World Cup knockout stage.

Podcast Conversation: Tokyo Wants You to Wear Shorts to Work. Say No

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The UK’s grid operator issued a rare summer power supply warning for Wednesday evening as soaring temperatures put stress on the energy system. Bloomberg Opinion's Lara Williams joins us to discuss her latest piece Welcome to the Heat Dome’s Recurrent Dangers

(2) Global stocks failed to hold onto early gains following Tuesday’s tech-led rout, as a fresh bout of selling weighed on the sector ahead of highly anticipated results from memory chipmaker Micron Technology

(3) President Donald Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress.

(4) Italy’s Foreign Minister Antonio Tajani sought to mend fences with the US, saying the two countries should work to de-escalate tensions after a spat between President Donald Trump and Premier Giorgia Meloni.

(5) England and Ghana play to 0-0 draw at World Cup despite flurry-filled final minutes

Podcast Conversation: The Best Movies, TV, Books, Art and Theater Arriving in July

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Andy Burnham appears set to become the UK’s seventh prime minister in a decade after Keir Starmer laid out a timeline for his own departure and potential rivals backed a quick transition to the popular Manchester politician.

(2) Starmer entered Downing Street less than two years ago, as the US president headed toward a second term. And he will leave later this summer as yet another short-lived British prime minister who failed to come to terms with the world Trump forged.

(3) SpaceX shares slipped for a third straight day, shedding hundreds of billions of dollars in market value, after the Elon Musk-led company said it is selling investment-grade bonds for the first time, part of what’s expected to be a massive borrowing spree to fund its artificial-intelligence ambitions.

(4) The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.

(5) The German and French governments are set to hold equal stakes in KNDS NV, one of Europe’s most important defense companies, as it gears up for an initial public offering in the near future.

Podcast Conversation:How Bosses Psych Themselves Up for Their Biggest Moments

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Allies of Keir Starmer expect him to set out a timetable for his departure as UK prime minister imminently, putting Britain on course for its seventh premier in a decade and paving the way for Andy Burnham to replace him.

(2) The pound traded near this year’s low on expectations Keir Starmer will set out a timetable for his departure as UK prime minister in coming days.

(3) Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend even after Iran claimed to have closed the waterway again, as Washington and Tehran offer contrasting narratives over the status of the world’s most important shipping chokepoint.

(4) France endured sizzling temperatures on Sunday, with trains, concerts and sports events canceled and authorities cracking down on drinking alcohol in public, as an exceptional heat wave unfurled across parts of Europe.

(5) Wealth managers keen to stay relevant in the age of artificial intelligence may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to the next U.S PCE and GDP data, along with a focus on 3 stocks for the week ahead.
• In the UK – a look ahead to London Climate Action Week.
• In Asia – a look ahead to Australia CPI data.

- Stuart Paul, US Economist with Bloomberg Economics, previews U.S PCE and GDP data.
- Avalon Pernell, Bloomberg Equities Reporter, focuses on 3 stocks for the week ahead.
- Joe Wertz, Bloomberg Weather and Climate Reporter, to preview London Climate Action Week.
- Olivia Rudgard, Bloomberg Green reporter, to preview London Climate Action Week.
- James McIntyre- Bloomberg Economist Covering Australia and New Zealand, previews Australia CPI data.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Greater Manchester mayor Andy Burnham won a decisive victory for the ruling Labour party in a by-election that delivers him a seat in the UK parliament and with it a pathway to challenge Prime Minister Keir Starmer for his job.

(2) British policymakers declared that the business world could fend for itself during Brexit. History suggests they were partly right, but the underlying story, however, is more complicated as the missed opportunities of a lost decade start to stack up.

(3) The pound is set to face growing pressure as its recovery from the post-Brexit selloff has made it the most overvalued currency among major peers, according to Goldman Sachs.

(4) Vice President JD Vance will not depart Thursday night 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.

(5) Dutch chip-equipment giant ASML Holding NV 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.

(6) Lithuanian President Gitanas Nauseda said the European Union shouldn’t rush into peace talks with Russia, distancing himself from recent EU efforts to engage Vladimir Putin.

Podcast Conversation: Why Guinness Keeps Growing While Beer Sales Worldwide Fizz Out

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump and his team had several red lines that they used to justify the US war against Iran. At a press conference on Wednesday, Trump largely brushed them aside.

(2) Hosting his very last Group of Seven summit, Emmanuel Macron needed every base covered to make sure it was a success and he came prepared, even for a surprise at the end.

(3) It didn’t take Kevin Warsh long to get the bond market’s attention. In his first press conference as the Fed chair, Warsh again and again emphasized the Fed’s commitment to getting inflation under control.

(4) The Bank of England is expected to hold interest rates on Thursday as inflation proves less of a threat than feared and energy costs fall on hopes for an end to the conflict in the Middle East.

(5) Harry Kane scored twice to equal the English record for World Cup goals, and Jude Bellingham put England in front for good two minutes into the second half of a 4-2 victory over Croatia on Wednesday.

(6) While Europe has fallen behind the US and China in consumer AI, it has a deep trove of production and manufacturing data and expertise from an industrial sector stretching back more than a century.

Podcast Conversation: Middle Management Is Getting an Overhaul in the Age of AI

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Iran is set to receive broad financial incentives as part of its agreement with the US, including the right to sell oil immediately, tap a $300 billion development fund and get eventual access to its frozen assets, according to a final draft of the deal.

(2) European Central Bank officials are signaling that a US-Iran peace accord won’t necessarily stop them lifting interest rates further, even if it prevents a more pronounced overshoot in inflation.

(3) Federal Reserve policymakers are expected to hold interest rates steady on Wednesday, posing an early test for new chairman Kevin Warsh as rising inflation erodes households’ purchasing power and President Donald Trump continues to press for lower borrowing costs.

(4) SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com in value to become the fifth-largest stock in the world.

(5) HSBC said it will use Alphabet’s Google Cloud to roll out artificial intelligence across its global operations, including through projects that can each generate more than $100 million in extra revenue or savings.

(6) When Rupert Lowe was ejected from Reform UK in early 2025 over alleged bullying and threatening behavior, party leader Nigel Farage thought he was cutting loose a liability. Instead, he created one of a different kind.

Podcast Conversation: Sam Altman’s Career Coach Teaches AI Bosses ‘Emotional Clarity'

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