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This is the Bloomberg Daybreak Europe Podcast, available every morning on Apple's Spotify or wherever you listen. It's Thursday, the 2nd of January in London. I'm Stephen Carroll, coming up today. A deadly attack in New Orleans kills at least 15 people. Hours later, a Tesla truck exploded outside Trump's Las Vegas Hotel, killing the driver. Joe Biden says authorities are investigating if there's a possible connection, as US domestic security is thrust back into the spotlight. Plus, a look at what to expect
Backed from markets in 2025, we have Wall Street's predictions for the year ahead. Let's start with the roundup of our top stories.
At least 15 people have died with dozens more injured after an attacker drove a pickup truck into crowds celebrating New Year's Eve in New Orleans. The driver of 42-year-old from Texas called Shamso Dinger Bar was shot dead after opening fire at police. Authorities say they discovered an ISIS flag at the scene. FBI special agent Alathea Duncan says other items were also discovered.
Weapons and potential improvised explosive devices, IEDs were located in the subject's vehicle. Other potential IEDs were also located in the French Quarter. As of now, two IEDs have been found and rendered safe.
The FBI also says Shamso Dinjabar was an army veteran who may not have acted alone. Hours after that attack, a Tesla cyber truck exploded outside of Donald Trump's hotel in Las Vegas, killing the driver and leaving seven others with minor injuries. Police say the vehicle pulled up to the glass entrance doors of the Trump hotel and then smoke appeared from it before a large explosion. Sheriff Kevin McMahill says they've already tracked the truck's origins.
We do know the truck was rented in Colorado. We were able to trace that truck through the Tesla charging stations and it arrived here in Las Vegas this morning at about 730. Officers say they found no signs of a connection to international terrorism, but they're still exploring all possibilities.
In a series of posts on X, Tesla's CEO Elon Musk said the company had confirmed the explosion was caused by very large fireworks and or a bomb carried in the rented Cybertruck. Musk also said that both the Cybertruck and the pickup truck used in New Orleans were rented from a company called Turo, a car sharing marketplace that allows hosts to rent out their vehicles.
A spokesperson for Turo said the company didn't believe either renter involved in the attacks at a criminal background that would have identified them as a security threat. Investigators in Las Vegas say they're looking into the possible connection. In remarks at the White House, US President Joe Biden offered condolences to victims' families of the attack in New Orleans and set out what is known so far about the attacker.
Here's what we know so far. The FBI has reported to me the killer was an American citizen, born in Texas. He served in the United States Army on active duty for many years. He also served in the Army Reserve until a few years ago. The FBI also reported to me that mere hours before the attack, he posted videos on social media indicating that it's inspired by ISIS, especially the desire to kill, desire to kill. The ISIS flag was found in his vehicle, which he rented to conduct this attack.
Additionally, he said law enforcement officials are tracking whether there's any possible connection between the two incidents.
Additionally, we're tracking the explosion of a cyber truck outside the Trump Hotel in Las Vegas. Law enforcement and the intelligence community are investigating this as well, including whether there's any possible connection with attacking New Orleans. Thus far, there's nothing to report on that score at this time. I directed my team to make sure every resource, every resource is made available to federal, state, and local law enforcement to complete the investigation in New Orleans quickly and to make sure there's no remaining threat
to the American people. President Biden there addressing events that have thrown U.S. domestic security back into the spotlight less than a month before Donald Trump is sworn in as president in a post-untruth social Trump wrote that our hearts are with all of the innocent victims and their loved ones and that his administration will fully support the city of New Orleans as they investigate and recover from this act of pure evil.
The return of Donald Trump to the White House has dominated forecasting on Wall Street. Bloomberg has found that optimism towards U.S. assets. When it aggregated the financial world's key calls for the new year, Bloomberg's James Wilcox has more.
America first, government debt will not shrink and the AI rally has still got further to go. Bloomberg journalists found a remarkable degree of consensus when they crunched the 2025 calls from some of the biggest names in finance. Many called for diversification to try and combat the unknowns around Donald Trump's second term. Perhaps they're aware that just because it's the consensus view doesn't mean it's always right. In London, James Hawcock, Bloomberg Radio.
The European Central Bank's 2% inflation target is in sight. That's according to the New Year's message from the Central Bank's President, Christine Lagarde. So we have a big, heavier gender at the ECB. We have made significant progress in 24 in bringing down inflation and hopefully 25 is the year when we are on target as expected and as planned in our strategy.
PCB President Christine Lagarde speaking their urinary inflation slowed over the course of last year and went below the ECB's target in September, though it has ticked up again in recent months. Lagarde has warned that inflation will fluctuate around its current level in the near term.
Those are your top stories on the markets. Shares in China selling off the Hangsang is down by 2.2%. The Shanghai Composite 2.4% lower this morning. The CSI 300 down by 2.7% at Eurostocks 50 futures are pointing higher up eight tenths of 1%.
In a moment, we'll bring you more on those attacks in the United States. Plus details of Bloomberg Intelligence's 50 companies to watch in 2025. But first, I want to mention another story I've been reading this morning in case you're casting about for help with your New Year's resolution. Cynthia Coons from our health team has dedicated part of her prognosis newsletter to one of my favorite subjects, which is sleep. Now, I think a lot of us
talk about wanting to get more sleep but find ourselves getting easily distracted around bedtime and perhaps letting things slide and you know you end up in a sort of cycle of exhaustion. Cynthia spoke to a sleep psychologist about this and came up with some helpful tips for things that which might help get you to bed a little bit early including doing housework in batches maybe preparing lunches for several days at a time or finding more personal time during the days. You don't feel like the only moment you have for yourself is when you should be
going to bed, some helpful hints too for those who wake up during the middle of the night and find a difficult to get back to sleep. Keep apart beside the bed, write down any thoughts you might have or tasks that are preying on your mind. You can read Cynthia's full analysis in the prognosis health newsletter. You can sign up at blimberg.com forward slash newsletters.
Let's turn to the U.S. now in the New Year's Eve truck attack in New Orleans that killed at least 15 people. Hours later, a second incident in Las Vegas with a test of Cybertruck exploded outside the Trump Hotel. There, our senior actor Bill Farries joins us now for more. Bill, what is the latest on the investigation into the attack in New Orleans, first of all?
Well, New Orleans police have identified a chief suspect, a 42-year-old army veteran who they believe carried out this attack. They're saying that they found in the truck he drove other potential explosive devices, as well as a flag for, or showing support for Islamic State, the terrorist group.
And they say that there may have been other explosive devices planted along that route or in the French Quarter that they're looking into now. They don't know a lot more. The investigation has gone on to Houston and other areas. They've said that it is possible that this driver had assistance or people got help from other people. So they're starting to look at his acquaintances, his family, and also just scouring through his social media feed.
where there have been reports that he has shown a lot of some sympathy, apparently, for ISIS. So that's where we stand at the moment. They don't know if there is any connection with this attack in Las Vegas as well. Well, turning to the explosion in Las Vegas, that's also being investigated as a potential act of terror. What are police there focused on?
Well, I think the driver in that attack appears to have died at the wheel. It's not clear exactly what exploded. There was smoke coming from the vehicle. And then on the video that police have released of this, you see an explosion take place. And then it looks like a whole bunch of fireworks were going off. So it's still not clear what caused that explosion, whether it was a bomb or a lot of powerful fireworks.
What Elon Musk and Tesla have said is that it wasn't an issue with the cyber truck itself, but what was put into the trunk of it. Do we know if there's any connection between these two incidents at this stage?
We really don't. I mean, the thing that is linking them at this point is just the timing occurring just a few hours apart. President Biden came and gave a speech, a brief speech, and said that investigators are looking at possible connections, but that there was nothing really at this point as far as we know to link them.
This, of course, happening as we're counting down to Donald Trump's inauguration in the US as well. What have we heard from the president-elect? And what does this mean for questions around security in the United States?
Yeah, I think on the big picture question there, it is going to cause a rethink of security and how it's done, and particularly in big cities where you have points that are known gathering places for large crowds. I mean, when you're talking about the French Quarter of New Orleans, that has long been a place where huge crowds gather. There's going to be a lot of questions why on some of the video that's come out so far,
A driver is able to just drive around a police barricade there and get onto the road. There's going to be another look at things like that. And, of course, with the inauguration occurring in just about 18 days, I think, there's going to be another look at security in Washington.
But back to New Orleans, the city was expected on Wednesday night to host a major college football game and parade. That was all postponed until Thursday. I think we're going to get our first look at revised security procedures when that parade and game get underway on Thursday in the U.S. Okay, both areas are senior atmosphere. Thank you very much.
Capital ideas, conversations with Mike Gitlin from Capital Group features our top investment professionals sharing what drives them in today's market. Get stories and actionable insights. Subscribe wherever you get your podcasts. Capital Client Group, Inc. Are you looking for a new podcast about stuff related to money? Well, today's your lucky day. I'm Matt Levine. And I'm Katie Greifold.
and we are the hosts of Money Stuff, the podcast. Every Friday, we dive into the top stories about Wall Street, finance, and other stuff. We have fun, we get weird, and we want you to join us. You can listen to Money Stuff, the podcast on Apple Podcasts, Spotify, or wherever you get your podcasts.
Now, two global stock markets registered a second consecutive year of gains in 2024, even as the overall performance was less than in 2023. So what's in store for the year to come? Bloomberg Intelligence has compiled a list of 50 companies to watch in 2025 from across industries and regions. And Tim Craig, Director of Research at Bloomberg Intelligence, is in studio with us for more this morning. Good morning to you, Tim, and Happy New Year. First of all, can you talk us through how you come up with the broad themes we should be thinking about this year?
Absolutely. Thanks for having me on and have a new year. This list of 50 companies comes largely from our broader list of what we call focus ideas. These are companies where we have a strong view that we believe is out of consensus or differentiated from what the market thinks. They've got catalysts coming up that can change the markets
mindset. All of these 50 specifically have important catalysts coming up in 2025 that we think make them relevant for this coming year. So that's how we've selected it. It's very bottom-up and then we'll look at what buckets they come in as opposed to thinking about top-down strategies per se. So it's an interesting thing relative to what you see a lot of times coming from a macro view. This is very micro.
Yes, and indeed some of the kind of key themes. If we think about AI just being one of them, we heard so much about it last year as well. How should we think about this in 2025? Will it be less US focused perhaps? Yeah, interesting.
Last year, we had a lot of AI-related names. They tended to be software-oriented. This year, it's more in the enabling technologies where analysts are focused on. High bandwidth memory, which is a micron technology story. Some of the equipment companies or tool makers like KLA that feed into making these things.
The one non-US company, it is US centric in this instance, the one non-US company is a company called VAT Group, which makes vacuum technology. And you think, what is that? You've got to have a vacuum within the semiconductor manufacturing process. And these guys make the high end vacuums that allow this to happen.
Really interesting company. There's certainly others in the AI story that are European, for example, that are going to be worth watching that were ones that we've considered, like say, a Schneider Electric, which is an infrastructure play, but quite important for data centers. And so I think that'll be an area to watch beyond just simply the US tech-specific ideas.
Okay, so nature of War is a vacuum but technology loves us. Good to know Tim Craighead. Let's turn then to some of the other kind of big themes. Of course, we've got Donald Trump's presidency very much in focus for where the calls coming from Wall Street forecasters are. What about the companies that you've been thinking about on their exposure to Donald Trump? Yeah, it's interesting. If I look across the list, the biggest group of companies
from a global vantage point. It doesn't really matter where they're located. The play into a Trump mindset is their stimulus economic growth stories. So they're not specific to Trump, but they, if we see his policies being stimulative as expected, a deco.
It's an employment story. Airbus from the standpoint of ongoing pickup and travel and there's also a supply chain improvement story with airbus that we think plays through. Remy Quantro.
It's been a difficult period for them from a U.S. consumption perspective and higher interest rates have been an issue as well, just from retailers holding on to stock. Lower interest rates plus a good U.S. consumer, we think, can play advantage to them.
Home building picking up in the US and beyond plays into signify which is the world's largest Lighting company the spent out from a couple of years ago out of Phillips Electronics, which is you know signifies a European company those are all plays into that cyclical mindset of a Trump presidency and
I would also mention that as much as viewed about him being a non-climate change sort of person, we don't think he stops the energy transition. And there are companies like RWE, the European Electric Utility Company that's bought into clean power in the US that we think will be quite important. Frankly, that's more of an AI play because you can't power AI in all the data centers unless you start building out
clean energy to power that the AI transformation. So interesting ways to think about Trump beyond just simply policy. This is Bloomberg Daybreak Europe. Your morning brief on the stories making news from London to Wall Street and beyond. Look for us on your podcast feed every morning on Apple, Spotify and anywhere else you get your podcast. You can also listen live each morning on London DAB radio, the Bloomberg Business App and Bloomberg.com.
Our flagship New York station is also available on your Amazon Alexa devices. Just say, Alexa, play Bloomberg 1130. I'm Caroline Hepcare. And I'm Stephen Carroll. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak Europe. Are you looking for a new podcast about stuff related to money?
Well, today's your lucky day. I'm Matt Levine. And I'm Katie Grifield. And we are the hosts of Money Stuff, the podcast. Every Friday, we dive into the top stories about Wall Street, finance, and other stuff. We have fun, we get weird, and we want you to join us. You can listen to Money Stuff, the podcast on Apple Podcasts, Spotify, or wherever you get your podcasts.
