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Bloomberg Daybreak: Europe Edition

Fed’s Cook Vs Trump, Bond Surge Pressures France & UK, Data Crisis Deepens

27 Aug 2025

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump said he was prepared for a legal fight with Federal Reserve Governor Lisa Cook after he moved to oust her from her post following allegations that she falsified mortgage documents.(2) France’s bond yields could spike to 100 basis points above their German peers for the first time since 2012 if the nation’s political crisis deepens, according to Carmignac.(3) UK long bond yields soared to within a whisker of a 27-year high Tuesday, piling pressure on Prime Minister Keir Starmer’s government to rein in its fiscal stance.(4)Nigel Farage vowed to expel tens of thousands of asylum-seekers from the UK, tapping a policy deployed in the US by President Donald Trump as he seeks to guide his populist Reform party to power at the next general election.(5) President Donald Trump imposed a crushing 50% tariff on some Indian goods — the highest in Asia — to punish the country for buying Russian oil, upending a decades-long push by Washington to forge closer ties with New Delhi.  (6) SpaceX’s Starship rocket launched to space and deployed satellites for the first time before surviving most of its journey to Earth, achieving new technological milestones after a year of fiery setbacks.Podcast Conversation: Taylor Swift Turns Her Engagement Into Another Media CoupSee omnystudio.com/listener for privacy information.

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