JP Morgan Boosts US Recession Risk, Europe Gas Prices Surge | Daybreak: Europe 08/08/2024

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guest: Christoph Jurecka, Munich RE CFO; Roland Busch, Siemens CEO.

Chapters:
00:00:00 - Daybreak Europe
00:03:07 - Market volatility continues
00:06:41 - US Futures fall after bond auction
00:09:54 - Bets on deep rate cuts ease
00:12:25 - European gas runs to 2024 high
00:13:36 - Concerns grow over Ukraine pipeline
00:14:19 - Reports suggest Ukraine seized Key Russian gas point
00:16:08 - Ukraine seizes Russian gas hub
00:21:48 - Disney reports mixed report
00:23:16 - Anti-Racism Protesters Give UK Some Respite After Days of Riots
00:27:53 - After Anti-Immigrant Riots, Thousands of Counter-protesters Gather in U.K.
00:31:11 - Taylor Swift shows canceled in Vienna after terrorism threat
00:43:00 - US Recession odds
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[Bryghtpath]

The insights into Siemens' earnings and the increased recession risks in the U.S. really helped put the current economic situation into perspective.

[robertasaunders]

Last week the chances was 25%. Now that they have sold their shares, it’s gone up to 45%!

[Carlos-]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[wr]

Sorry u never predicted anything right . Many stocks u said it will move in a price down or up it didn’t happen we dont go by ur book

[robertward]

Odd how the very companies who mismanage everyone into financial messes are such "experts" about what needs to be done to mitigate the situations. 😂😂😂😂😂

[colbybartz]

The US has been in a recession, we’re technically in a depression now. Inflation is getting worse. As soon as governments around the world did Covid and the US started giving out stimulus checks and printing money I knew the economy would crash, I expect an economic crash worse than the Great Depression.

[Atall]

I don't understand how you can partake of a protest claiming you're neutral whilst standing there with a flag of any nation in a conflict (no matter what side you think is right) just proving you're the other side of the extreme... Thank god that side for once isn't the ones tearing down everything over a stupid victory/loss in football or during new years eve...

[TuxBearlux]

Bidenonmic … stocks and cryptos rocket 🚀 to the moon 🌕 … no recession 😂 …