AI Spending Fears Hit Tech; Banks Report Blowout Earnings | Daybreak Europe 7/23/2026
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
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. On today's show, shares in Google's parent company Alphabet slid after it said capex spending will likely top an unprecedented $200 billion this year. That stoked concerns that it will ditch fiscal discipline in the race to dominate artificial intelligence.
BNP Paribas reported better-than-expected revenue and profit for the second quarter as its stock traders blew past analysts’ estimates. Equities revenue rose 43% from a year earlier to €1.4 billion. UniCredit says it will likely assume control over Commerzbank soon, as CEO Andrea Orcel moves to complete one of Europe’s largest bank deals ever. It says regulatory approvals for the outcome of the takeover bid could come as early as the fourth quarter. And Houthi militants in Yemen say they targeted two oil tankers in the Red Sea, opening another front in the Iran war.
Today's guest: Josie Anderson, Nomura, European Economist. Chapters 00:00:00 - Daybreak: Introduction 00:04:14 - Europe & US tech earnings 00:10:38 - Chipmakers drive gains in Asian stocks 00:13:02 - Houthis target Red Sea oil tankers 00:16:52 - Traders still guessing Fed's next move 00:19:41 - Paramount Warner deal gets conditional EU nod 00:26:34 - ECB expected to stay on hold 00:30:31 - Josie Anderson, Nomura, European Economist 00:36:55 - BNP's stock traders soar past estimates More on Bloomberg Television and Markets Like this video?
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