On this special Christmas edition of Bloomberg Daybreak, host Nathan Hager speaks with:

• Cameron Dawson, Chief Investment Officer at Newedge Wealth and Brian Levitt, Global Market Strategist at Invesco discuss what we should expect from markets in 2026
• Amanda Agati, Chief Investment Officer at PNC, breaks down the cost of the 12 days of Christmas.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The French National Assembly approved a stopgap budget law for 2026 to keep the state running into January after lawmakers failed to reach an agreement on the full fiscal plan.

(2) The Trump administration on Tuesday imposed visa sanctions on former European Union Commissioner Thierry Breton and four other people for trying to make American tech companies police political speech on their platforms.

(3) Gold rose to an all-time high above $4,500 an ounce on escalating tensions in Venezuela and expectations for more US rate cuts. Silver and platinum also advanced to records.

(4) The Justice Department’s long-awaited rollout of the Jeffrey Epstein files has been a chaotic spectacle that, so far, has largely turned the spotlight back to his previously known associates, including President Donald Trump and former President Bill Clinton, while fueling frustrations.

(5) Alan Howard, co-founder of Brevan Howard Asset Management, joined the ranks of wealthy individuals exiting the UK amid tax hikes, surfacing as a resident of Switzerland.

Podcast Conversation: Five Top Tables: Where to Eat in Edinburgh for Business, Value

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) President Donald Trump warned President Nicolas Maduro not to challenge the US and vowed to keep oil seized from a supertanker but declined to say if he’s seeking to oust the Venezuelan leader.

(2) Larry Ellison is throwing his personal fortune behind Paramount Skydance’s bid for Warner Bros. Discovery, aiming to give his son’s company an advantage in a fiercely contested takeover battle with Netflix.

(3) Novo Nordisk won approval to sell a pill version of its blockbuster obesity shot Wegovy in the US, a crucial step in its effort to defend its market share from rival Eli Lilly

(4) Bank of America Chief Executive Officer Brian Moynihan said that artificial intelligence is starting to have a bigger impact on the US economy.

(5) UK businesses ended 2025 feeling more upbeat about the economy’s prospects after they were spared much of the tax pain at last month’s budget.

Podcast Conversation: Restaurants Turn to Sweet Wines to Save Labor, Fatten the Check

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