Chapter 1: What makes the UK a unique place for business?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Stephen Carroll.
And I'm Caroline Hepker.
One year after US President J.D. Vance issued a warning to Europe at the Munich Security Conference, the message from America has been softened slightly. The US Secretary of State, Marco Rubio, told the same event that Europe and America's destinies are intertwined. In an interview with Bloomberg, Rubio stressed the ties between the allies.
When we come off as urgent or even critical about decisions that Europe has failed to make or made, it is because we care. It is because we understand that ultimately our own fate will be intertwined with what happens with Europe. We want Europe to survive. We want Europe to prosper because we're interconnected in so many different ways and because our alliance is so critical.
But it has to be an alliance of allies that are capable and willing.
The US Secretary of State speaking to Bloomberg's Editor-in-Chief John Micklethwaite at the Munich Security Conference. Rubio also doubled down on parts of Vance's message from a year earlier, attacking its climate and migration policies, as well as cultural values.
Rubio will now travel to Hungary, where he'll meet Prime Minister Viktor Orban, a European leader who's also been fiercely critical of EU policies on issues, including Ukraine.
While the European Union's top diplomat, Kaya Callas, rejected the picture of the bloc's decline painted by the Trump administration, Callas rejected the idea that Europe is facing civilizational erasure. She talked about why Europe is attractive to other countries.
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Chapter 2: What warning did Marco Rubio give to Europe at the Munich Security Conference?
He called for closer work on defence financing among European countries and talked up nuclear cooperation plans with France. The attempt to rebuild ties comes as Starmer talked of the need to replace US capabilities.
Warner Brothers is considering reopening sales 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 Chuska says the situation is evidence of Paramount's confidence amidst the battle.
What it demonstrates is certainly that Paramount thinks it has staying power in this battle and can yet turn the tide. Members of the Warner Brothers board said to be considering the possibility now that the Paramount Skydance offer could actually be the better one.
Chapter 3: How are Europe and America's destinies intertwined according to Rubio?
Our Washington-based editor Tony Chuska is speaking after the latest offer at submission. Sources tell Bloomberg the board hasn't decided how to respond and still has a binding agreement with Netflix. Paramount's amended terms address several concerns, including a promise to cover the $2.8 billion fee owed to Netflix if Warner Brothers terminates their agreement as well.
The Trump administration's top sanctions official, John Hurley, is set to leave his post after friction with the Treasury Secretary, Scott Besant. Sources have told Bloomberg that he plans to step down after months of tensions over the tactics and targets of U.S. sanctions policy. It's part of a wider Treasury shakeup that has raised questions among officials about the department's stability.
to the Winter Olympics in Italy, where Great Britain took their record gold medal tally to three over the weekend. Matt Weston followed up his success in the men's skeleton by taking the mixed team title alongside Tabby Stoker. Charlotte Banks and Hugh Nightingale also combined to claim victory in the mixed team snowboard cross. Danny Chambers is Nightingale's former coach.
They're in the history books now, aren't they? They're there. They've made it. As long as it continues and they keep performing, I'm sure they'll be happy as long as they're in the sport.
The new champions' former coach there as Team GB enjoyed their first ever gold on snow.
So those are our top stories for you this morning. Yes, a little plug there for Team GB at the Olympics, you know, struggling to get some medals, but finally getting there at the weekend. In terms of the European markets, let's think about those. They're up by three tenths of 1% in terms of the overall stock 600. I know NatWest Group actually seeing the biggest bounce high.
We spoke to the NatWest CFO on Friday. after their results. FTSE 100 is also up by a tenth of 1% right now. It is slower around the world, of course, because Asian markets and most of them are closed for the Lunar New Year holidays and the U.S. shut for President's Day. Stock futures for the U.S. are pointing higher for trading on Tuesday.
In terms of the Bloomberg Dollar Spot Index, slightly firmer. 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.
That's news when you want it with Bloomberg News Now. I'm Stephen Carroll.
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Chapter 4: What criticisms did Rubio express about European policies?
Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth.
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
And from London, I'm looking at what all that means for markets, money and the wider economy.
We've got reporters across Europe and around the globe feeding in as stories break.
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