Caroline Hepker

The euro at 118.66 is slightly down.

Gold down by six tenths this morning, but still trading just above $5,000.

Those are the markets this hour, Stephen.

I'm Caroline Hepka and this is Bloomberg.

And I'm Caroline Hepke in London.

We're the hosts of the Bloomberg Daybreak Europe podcast.

We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.

And from London, I'm looking at what all that means for markets, money and the wider economy.

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Well, the European Union's top diplomat, Kaya Callas, rejected the picture of the bloc's decline painted by the Trump administration.

Callas noted that press freedom is greater in the EU than in the US, and she talked about European enlargement.

Callas added that the EU can work with the US even if they don't see, quote, eye to eye.

Callas is among top European officials who have started talking about a European nuclear strategy as the continent considers defence autonomy from the United States.

Now on to deals news.

Warner Brothers is considering reopening sale talks with Paramount Skydance after receiving its amended offer.

Bloomberg understands that members of the Hollywood Studios board are discussing whether Paramount could offer a path to a superior deal.

It's a move that could ignite a second bidding war with Netflix, according to those familiar with the firm's thinking.

Bloomberg's Tony Tuchka says the situation is evidence of Paramount's confidence amidst the battle.