Bloomberg Daybreak: US Edition

Netflix said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.

 
The world’s most valuable entertainment company posted quarterly operating income of $3.24 billion, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in li...

On today's podcast:
1) President Trump signed a landmark pact with visiting Australian Prime Minister Anthony Albanese to boost America’s access to rare earths and other critical minerals, an effort to counter China’s tight grip on the supply chains of key metals. The two governments will jointly invest in a swathe of mines and processing projects in Australia to boost production of commodities used in advanced techn...

On today's podcast:
1) Israel said it had resumed a truce with Hamas in Gaza after heavy fighting over the weekend, with the sides accusing each other of breaching a deal brokered by President Trump. Around 9:30 p.m. Israel time on Sunday, the Israel Defense Forces said it had “begun renewed enforcement of the ceasefire” and warned it would “respond firmly to any violation.” Israel launched strikes agains...

On today's podcast:
1) President Trump said he would hold a second meeting with Russian President Vladimir Putin “within two weeks or so” aimed at ending the war in Ukraine. Trump and Putin agreed to meet in Budapest during a two-hour phone call on Thursday. Later, Trump expressed optimism that the summit could result in a ceasefire breakthrough even though an August meeting in Alaska failed to yield one. The convers...

On today's podcast:
1) President Trump said he authorized the Central Intelligence Agency to take covert action in Venezuela, citing the flow of drugs and illegal migrants into the US. Trump stated that Venezuelan leaders had "emptied their prisons in to the United States of America" and "we have a lot of drugs coming in from Venezuela".
2) A federal judge in California froze the Trump administration's latest round of layoffs...

On today's podcast:
1) President Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the relationship between the world’s two largest economies. Trump on Tuesday cast the potential move as retaliation against Beijing for its refusal to buy American soybeans, which he said “is an Economically Hostile Act” that is purposefully “causing difficulty for our So...

On today's podcast:
1) China has signaled it’s keeping communication channels open with the US after a series of tit-for-tat moves that intensified a confrontation between the world’s two biggest economies. The Ministry of Commerce on Tuesday reiterated “the door is open” to talks even as it defended China’s decision to implement export curbs on rare earths amid escalating trade tensions in rec...

On today's podcast:
1) Hamas freed seven living Israeli hostages from the Gaza Strip on Monday morning, following a US-led deal reached late last week. The Palestinian militant group released them to the International Committee of the Red Cross and they were then passed over to the Israeli military. The rest of the living hostages, 13 in total, are expected to be freed later in the day. Around 10 a.m. Israel time, the Israeli mi...

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to earnings for U.S banks.
• In the UK – a look ahead to the annual New Energy Finance summit in London.
• We also focus on a conversation with Citadel CEO Ken Griffin from Citadel’s securities conference on gold.

See omnystudio.com/listener for privacy in...

On today's podcast:
1) Israel’s cabinet approved a deal that will see Hamas free all remaining hostages held in Gaza in exchange for around 2,000 prisoners, a major step toward ending a two-year war that’s killed tens of thousands of people and destabilized the wider Middle East. Israeli Prime Minister Benjamin Netanyahu’s coalition gave its approval overnight, around a day after negotiators for the warring sid...

On today's podcast:

1) Israel and Hamas have reached a deal for the release of all hostages held by the militant group in Gaza, a major step toward ending a two-year war that’s devastated the Palestinian territory and triggered multiple conflicts in the Middle East as well as protests across the world. The agreement was reached early on Thursday after several days of indirect negotiations between the warring sides in the Egyp...

On today's podcast:
1) The Trump administration’s push to deny back pay to federal workers furloughed during the shutdown sets the stage for another round of legal battles over the president’s control of the workforce. The White House in a draft legal opinion Tuesday suggested it may withhold back pay from government employees when the shutdown ends, raising the threat of lost wages for potentially 750,000 civilian w...

On today's podcast:
1) With the US government shutdown closing in on the one week mark, President Trump showed signs of cracking Monday, sending mixed messages about the state of talks with Democrats on their biggest demand. Trump, who had remained on the sidelines of negotiations for days, on Monday said he was open to negotiating with Democrats over health care subsidies to bring an end to the funding ...

On today's podcast:
1) French Prime Minister Sebastien Lecornu resigned Monday just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis. The premier quit less than 24 hours after Macron announced a government that retained most senior members from previous cabinets. That irked opposition parties looking for change, but in a surprising twist, the reappointed interior minister,...

Hamas agreed to release the last of the hostages from its 2023 attack on Israel but said the rest of a US peace plan would be subject to negotiation, a stance that offered uncertain hopes for an end to the conflict in Gaza.

President Donald Trump responded favorably to the Hamas statement even though the group failed to address other key elements of his 20-point proposal that Israel has also demanded, including that it disarm. He c...

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

• In the US – a look ahead to the impact of lumber and timber tariffs on housing, and President Donald Trump’s Pfizer deal on drugmakers.
• In the UK – a look ahead to the Nobel Prize decisions.
• In Asia – a look ahead to the impact of the Golden Week holiday.

See omnystudio.com...

On today's podcast:
1) The Senate is expected to hold another vote today on a stopgap spending bill to reopen the government into mid-November. It comes as President Trump threatens to slash jobs. The US government shutdown adds uncertainty for investors seeking signals on the Federal Reserve's monetary-easing path. It will delay Friday's government payroll report, making investors reliant on private data for clues about the eco...

On today's podcast:
1) White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown. Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss ...