european banks

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – A preview of U.S core PCE and GDP data, and Tesla earnings.
• In the UK – A preview of European bank earnings.
• In Asia – A preview of Auto Show China

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – A preview of U.S core PCE and GDP data, and Tesla earnings.
• In the UK – A preview of European bank earnings.
• In Asia – A preview of Auto Show China

See omnystudio.com/listener for privacy information.

Plans for a code on how AI models can use copyrighted materials have stalled in the UK, and US forces carried out strikes against Iran-backed militants over the weekend. Plus, the FT’s Owen Walker explains why the tides are turning against European banks. 

Mentioned in this podcast:

Turkey central bank governor quits and points to campaign against her

BNP Paribas shares fall after downgrade to profit target

Deutsche Bank pledges to boost dividend and cut jobs

Santander earnings boosted by strong performance in Europe

Julius Baer’s profits tumble 52% as Signa hit triggers CEO exit

Turkey’s central bank rocked by another leadership shake-up

US and UK hit Houthis in fresh air strikes against Iran-backed militias

UK shelves proposed AI copyright code in blow to creative industries

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Saffeya Ahmed, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 

1) We get Disney earnings this week after, the company said it plans to buy Comcast's one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year.

2) Republican presidential contenders will face off Wednesday night in their first debate of the primary season — minus frontrunner Donald Trump, who continues to lead his GOP rivals by a double-digit margin.

3) UBS will be eager to show the benefits of its takeover of Credit Suisse in results on Tuesday, the first full quarter including the acquired business. While reports from US and European peers bode well, much of the Swiss bank’s fortunes hinges on its ability to retain talent and put Credit Suisse’s troubles swiftly behind it.

4) Australia Prime Minister Anthony Albanese is heading to China, recognizing that the two nations have much to gain from constructive dialogue — and lots to lose without it.

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On today's podcast:

1) The Israeli ambassador to the United Nations demanded that Secretary-General Antonio Guterres resign for saying Hamas's Oct.7 attack on Israel didn't happen in a vacuum, capping a day of heated exchanges at the Security Council over violence that threatens to spark a regional war.

2) US President Joe Biden and Saudi Arabia's crown prince discussed efforts to prevent the Israel-Hamas war from expanding, while more European leaders are due in Israel on Wednesday, the latest in a flurry of diplomacy as it weights a ground invasion of Gaza.

3) Deutsche Bank plans to accelerate payouts to shareholders after higher income from its corporate bank and deposit inflows offset weaker trading results in the third quarter.

4) Lloyds Banking Group set aside less than expected for troubled loans in the third quarter, helping it to beat earnings expectations for the period and maintain its outlook for the year.

5) Banco Santander earnings beat estimates as higher interest rates in Europe and Mexico continued to boost revenue, and offset a rise in loan loss charges.

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Walt Disney reported quarterly results that showed declines at its television and movie businesses, China’s economy has fallen into deflation, and President Joe Biden is banning US tech investment in China. Plus, the FT’s Owen Walker explains why more and more countries in Europe are instituting windfall taxes on banks. 

Mentioned in this podcast:

Disney shares jump after streaming losses narrow

Chinese economy falls into deflation as recovery stumbles

White House unveils ban on US investment in Chinese tech sectors 

Italy joins wave of windfall taxes on banks across Europe

Google and Universal Music negotiate deal over AI ‘deepfakes’

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com 

Hosted on Acast. See acast.com/privacy for more information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including tech earnings, the debt ceiling debate, European bank earnings and tourism in Japan. 

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including tech earnings, the debt ceiling debate, European bank earnings and tourism in Japan. 

See omnystudio.com/listener for privacy information.

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