Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.

(2) Federal Reserve Bank of Chicago President Austan Goolsbee repeated that increased investment and spending due to a projected surge in future productivity growth may be inflationary and require higher interest rates from the US central bank.

(3) The European Central Bank should take a close look at how badly the Iran war is weighing on the economy when it decides whether to raise interest rates next month, according to Vice President Luis de Guindos.

(4) A surge in UK youth unemployment risks creating a “lost generation,” according to a government-commissioned review that said urgent action is needed to correct a “whole-system failure.”

(5) President Volodymyr Zelenskyy rebuffed the idea of Ukraine getting partial membership of the European Union, arguing that his country deserves to be granted full status because its forces are defending all of the bloc from Russia.

Podcast Conversation: The $300 Per Month Gym Membership Is Becoming Gen Z’s Night Out

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) China has been slow-walking approval of Airbus SE plane deliveries to signal impatience with how long European regulators are taking to certify Chinese-made aircraft, according to people familiar with the matter.

(2) The UK and other western nations are running out of time to maintain their technological edge over China, the UK’s top cyber spy is set to warn Wednesday, urging businesses to work with intelligence officials in order to stay ahead.

(3) The US is touting progress toward a peace deal with Iran to end the nearly three-month war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz.

(4) Former BP Chairman Albert Manifold pushed back against what he described as a “false narrative” surrounding his surprise departure from the British supermajor.

(5) The breakneck surge in memory-chip stocks is intensifying, sending the market capitalizations of SK Hynix Inc. and Micron Technology Inc. above $1 trillion for the first time, as investors bet the AI boom will lead to a sustained revaluation of the industry.

(6) Former Labour Prime Minister Tony Blair criticized the party he once led for “playing with fire” in its attempt to oust current premier Keir Starmer, while also slamming the government for lacking a clear agenda.

(7) Switzerland will vote on a plan to cap its population at 10 million people in June. It's being a called a "Sustainability Initiative" rather than an anti-immigration policy, after decades of surging population growth. But, the country's biggest companies are worried about where they'll get workers.

Podcast Conversation: Anthropic’s Latest AIs Are Making Customers Uneasy

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US and Israeli jets struck Iranian vessels in the Strait of Hormuz and other targets, hours after President Donald Trump had suggested negotiations with Tehran over an interim deal were progressing.

(2) Israel will intensify its strikes against Hezbollah, Prime Minister Benjamin Netanyahu said Monday, amid stepped-up negotiations between the US and Iran to bring an end to the conflict in the region.

(3) Bloomberg Economics has found that find that 27% of workers in advanced economies — more than 120 million in the 31 countries — are likely to be meaningfully affected by AI. That's as Pope Leo XIV said artificial intelligence should be “disarmed” to protect humanity from its dangers.

(4) Ebola is spreading faster in Democratic Republic of Congo than responders can contain it, the World Health Organization warned, as suspected deaths climbed above 220 and treatment centers came under attack in the country’s conflict-hit east.

(5) The first heat wave of the season continues to scorch Europe over the coming week, sending temperatures toward monthly records in the UK, France and Spain.

(6) Israel's economy slumped in the first quarter of the year due to the fallout of the war with Iran. The country has been in a near constant state of conflict over the past 2 years. It is seeing a brain drain, falling foreign direct investment and ballooning defense budgets -- all as Israel prepares to hold elections by October.

Podcast Conversation: Swiss Trader Had Lucrative Role Getting Iraqi Oil Through Hormuz

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On this special Memorial Day edition of Bloomberg Daybreak - hosted by Nathan Hager.

• We look at the challenges ahead for new Fed Chair Kevin Warsh with Bloomberg News International Economics & Policy correspondent Michael McKee and Anna Wong, Chief US Economist with Bloomberg Economics
• We preview Costco and Best Buy earnings with Bloomberg Intelligence Analysts Jenn Bartashus and Lindsay Dutch
• And as we we kick off the unofficial start of summer, we will tell why this could be one of the most expensive Memorial Days on record. We break it all down with Bloomberg's Julia Fanzeres and Mark Niquette

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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 U.S PCE and personal spending data, along with a focus on three stocks for the week ahead.
• In the UK – a look ahead to the Reykjavík Economic Conference in Iceland.
• In Asia – a look ahead to Australia CPI data.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) One inflation spike in the 2020s might be an accident, the world’s biggest bond markets seem to have decided, but two looks like an alarming new trend.

(2) The euro area will slow markedly while suffering the fastest inflation since 2023 as it succumbs to the energy-cost surge from the Iran war, according to the European Commission.

(3) Confidence among the lowest-earning Britons plunged in May and even those on average pay are digging into savings to meet everyday expenses as the Iran energy shock hits household budgets, a key survey found.

(4) Iran said the latest proposal from the US partly bridged the gap between the warring sides, but comments from the Islamic Republic’s supreme leader about keeping Tehran’s uranium stockpile and a dispute over tolls in the Strait of Hormuz clouded the outlook for a breakthrough.

(5) President Donald Trump said he would send an additional 5,000 troops to Poland, reversing course on a plan to suspend an Army deployment to the country amid a feud with other NATO nations over what he saw as their refusal to help in the Iran war.

(6) Jennifer Zabasajja joins the show to discuss how the Ebola outbreak in Africa compares with previous ones, the impact of aid cuts and how serious the crisis could get. You can hear more of Jennifer's reporting on the topic on this week's Next Africa Podcast

Podcast Conversation: Come for the Biking, Stay for the Otters

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Nvidia facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant data center operators that have fueled its runaway growth.

(2) Standard Chartered Chief Executive Officer Bill Winters sought to reassure staff after his remarks on using artificial intelligence to replace “lower-value human capital” triggered a sharp backlash on social media and from a former head of state.

(3) The way Unilever Chief Executive Officer Fernando Fernandez starts every meeting at the consumer products maker says a lot about the mindset of corporate bosses who fear their companies have lost their edge.

(4) The US and Iran traded threats of escalation as the weeks-long standoff in the Middle East dragged on without resolution.

(5) The JPMorgan banker named in a graphic sexual harassment suit that went viral last month hit back at her accuser with a defamation counterclaim, calling his allegations “entirely false” and “malicious.”

Podcast Conversation: Spa Weekends Have Found a Crucial New Attraction in Mahjong

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates.

(2) Borrowers poured into Europe’s bond market at the fastest pace ever, locking in funding before the region’s central bank is likely to hike interest rates.

(3) Chancellor of the Exchequer Rachel Reeves has privately proposed voluntary price freezes on food in supermarkets, as the UK government seeks to ease cost of living pressures for struggling Britons.

(4) President Donald Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war, after he said he had just called off a US attack.

(5) The European Union finalized the text of its long-delayed US trade deal after months of negotiations, clearing a major hurdle to ratifying the pact before President Donald Trump’s threatened deadline to impose higher tariffs.

(6) The UK’s right-wing Reform party has a warning for investors: don't bet on renewable energy projects awarded by the sitting Labour government.

(7) When it comes to financial management, religious organizations have had a lot of catching up to do.

Podcast Conversation: Arsenal's decades-long wait is over.

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