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Bloomberg News Now

Stocks Join Bonds Lower, Inflation Accelerates, Iran, More

12 May 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.672 - 5.121 Stephen Carroll

Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.

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5.622 - 10.011 Caroline Hepke

And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.

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10.391 - 15.001 Stephen Carroll

We're up early every weekday, keeping an eye on what's happening across Europe and around the world.

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15.422 - 21.634 Caroline Hepke

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

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21.698 - 27.166 Stephen Carroll

From Brussels, I'm following the politics, policy and the people shaping the European Union right now.

27.206 - 32.633 Caroline Hepke

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

33.154 - 37.48 Stephen Carroll

We've got reporters across Europe and around the globe feeding in as stories break.

37.941 - 42.587 Caroline Hepke

So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.

43.028 - 45.03 Stephen Carroll

It's smart, calm and to the point.

Chapter 2: What are the latest developments in global stock markets?

359.494 - 380.582 Lizzie Burden

Just over the weekend, he was insisting that he intends to stay for the next 10 years. The reality is now at least 80 of his 403 Labour MPs have called for his departure. We've already seen the resignation of a junior minister, Miata Fanbule, over his leadership. And therefore, it is an ugly picture, as you've all been painting for UK markets.

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380.562 - 396.563 Karen Moscow

And that's Bloomberg's Lizzie Burden reporting in London. Still, the U.K. bond market tumbled, driving long-term bond yields back to their highest in nearly three decades. More than a dozen Americans who were passengers on board the cruise ship during the Hanta virus outbreak are in quarantine in Nebraska and Atlanta.

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396.543 - 416.292 Karen Moscow

One person has tested positive and another has developed symptoms, but the majority of the 17 passengers who are in quarantine are asymptomatic for now. Harvard University faculty voting today on the boldest attempt in decades to rein in grade inflation, an issue that's drawn attention from the White House in its push to remake higher education.

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416.613 - 439.913 Karen Moscow

The proposal under consideration would limit A grades in undergraduate courses to no more than 20% of the class, plus four additional students. Roughly 60% of grades were an A in the academic year, ending in mid-2025 at Harvard, more than double the rate in 2006. CME Group, the largest U.S. derivatives exchange in silicon data, are teaming up to create a futures market for computing power.

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439.973 - 465.025 Karen Moscow

It's a key factor needed to help power the AI boom. And eBay rejected a $56 billion takeover offer from GameStop chief executive officer Ryan Cohen. It described the unsolicited bid as neither credible nor attractive. Again, stocks lower at the open with the S&P 500 down four-tenths of a percent. And that's news when you want it with Bloomberg News Now. I'm Karen Moscow and this is Bloomberg.

468.025 - 485.421 Jennifer Zabasaja

A new chapter in global growth is being written and much of it is happening in Africa. Africans need to invest. There are deals to be done and business to be won. I'm Jennifer Zabasaja. Every week on the Next Africa podcast, we track capital flows and political shifts shaping the continent's future.

485.521 - 493.388 Stephen Carroll

The digitalization of Africa is going to power its growth. Creating the world of something like HIV is possible. Population growth is so enormous in Africa.

493.508 - 498.032 Jennifer Zabasaja

Listen to Next Africa on Apple, Spotify or wherever you get your podcasts.

498.012 - 527.547 Michelle Hussein

Hello, I'm Michelle Hussein, and for more than 20 years, I was at the BBC. But all the time I was delivering the headlines, I wanted to go further than the news of the day, to spend more time with the people shaping our world. And that's what I'm doing here on this podcast. Speaking to people from Nigel Farage to tech journalist Cara Swisher. And the tech industry is running wild.

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