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Bloomberg News Now

Tech Sector Selloff, Trump Aims to Cut DNI Staff, More

05 Jun 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 caused the recent tech sector selloff?

316.132 - 322.163 Unknown

So you're not seeing Brent ticking up in a tremendous way as it would have at the start of this war.

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322.443 - 346.605 Amy Morris

And oil prices are actually lower now. WTI crude down more than 3% at $90 a barrel and Brent crude down more than 2% at $93 a barrel. Russian President Vladimir Putin has rejected Ukrainian leader Vladimir Zelensky's call to meet and negotiate an end to the war in Ukraine. Putin criticized the tone of Zelensky's open letter, saying it was rude and saying that there is no point to talks.

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347.086 - 352.976 Amy Morris

Sources tell Bloomberg the SpaceX IPO has drawn more orders than there are shares available.

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Chapter 3: How are expectations affecting the tech market?

353.156 - 376.116 Amy Morris

Underwriters on the IPO have been told not to accept orders from investors in Hong Kong and China. because there are U.S. restrictions around the export of critical technology. SpaceX is set to debut on the Nasdaq exchange on June 12th. The IPO is priced at $135 per share. That would value the company at nearly $1.77 trillion, making it the largest IPO in history.

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376.677 - 399.583 Amy Morris

After more than 100 years, the Chicago Bears may be leaving Illinois, heading to Indiana, The team says it intends to build a new domed stadium in Hammond, Indiana. The exact site has yet to be selected. ESPN reports this is not a done deal and that Illinois can still get, quote, back in the race. That's news when you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg.

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402.955 - 422.346 Toby Howell

There's a reason millions of people start their day with Morning Brew Daily. Each morning, we break down the biggest news in business from the latest tech headlines to why nobody can afford a house right now. All in a format that fits seamlessly into your day. You'll leave each episode of Morning Brew Daily smarter and ready to take on the world around you. I'm Toby Howell. And I'm Neil Freiman.

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422.486 - 429.638 Toby Howell

And we're ready to show you that business news doesn't have to be boring. So join us on Morning Brew Daily, available wherever you get your podcasts.

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429.753 - 448.78 Francine Lacroix

I'm Francine Lacroix, an award-winning journalist, and I've got a new podcast, Leaders with Francine Lacroix from Bloomberg Podcasts. I've interviewed everyone from heads of state to fashion icons about the news of the moment. But I've always been curious, who are these people as leaders? I don't think there's one right way to be a leader.

449.02 - 453.346 Amy Morris

Make decisions. A poor decision is always better than no decision.

453.747 - 459.675 Francine Lacroix

Listen to new episodes every other Monday. Follow Leaders with Francine Lacroix wherever you get your podcasts.

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