Stephen Carroll

The President used the speech to draw stark contrasts between his administration and that of his predecessor.

As well as overstating the inflation rate that he inherited, Trump repeatedly blamed opponents and the establishment for his political troubles.

The U.S.

president also attacked the Supreme Court's decision to strike down his global tariffs as half of the justices who ruled against him sat in the audience watching.

President Trump's failed threat comes after both the EU and India paused their US trade deals following the Supreme Court's decision.

Trump also suggested his new tariffs would not require approval from Congress.

That's despite the newly enacted 10% and potentially up to 15% global levy having a 150-day limit before congressional approval is required to keep it in place.

HSBC has reported better than expected earnings for 2025.

The lender posted pre-tax profit of $29.9 billion for the year.

That's as HSBC's market value topped $270 billion for the first time.

CEO Jean-Gilles Hedry says the bank will continue to evolve.

HSBC's Jean-Gilles Hedry there speaking to Bloomberg this morning.

His radical restructuring has won praise from investors and driven the bank's shares up almost 90% since he took the helm.

It means the bonus pool at Europe's largest bank is up 10% to $3.93 billion, the highest in at least a decade.

European Commission President Ursula von der Leyen says the EU will deliver on its €90 billion aid for Ukraine one way or another.

The EU has been repeatedly blocked by Hungary from passing an aid package and further sanctions on Russia.

Speaking in Kiev, marking four years of the start of Russia's full-scale invasion, von der Leyen stressed that Ukraine would receive the funding.

European Commission President's words come as Ukraine is set to run out of funding in a matter of weeks.

Peace talks with Russia have also stalled, with both sides seemingly prepared for a long war of attrition.

That's news when you want it with Bloomberg News Now.