Chip Rout Deepens; Trump Sees 'Good Chance' of Iran Deal | Daybreak Europe 7/28/2026
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, stocks in Asia slumped as a global rout in chipmakers deepened. Korea's Kospi headed for its worst day since March, while Nasdaq futures pointed to further weakness on concerns about circular AI funding.
President Trump says the US and Iran are engaged in diplomatic talks to end the Middle East conflict, but Tehran says no formal negotiations are taking place. Trump has warned the two sides will return to fighting if negotiations don't result in a deal. Plus Mercedes has cut its full-year revenue forecast, while sales disappointed in a key division of LVMH - both companies citing weakness in China. Today's guest: Jelena Sokolova, Morningstar, Senior Equity Analyst. Chapters 00:00:00 - Daybreak Europe 00:01:33 - Oil Extends Decline as Optimism Over Iran Talks Gains Traction 00:06:09 - Chip Rout Deepens on China Competition, Circular Funding Fears 00:09:31 - Citadel Securities Sees Warsh Delivering Surprise Fed Rate Hike 00:12:26 - Trump Sees ‘Good Chance’ of Iran Deal After Pause in Strikes 00:18:28 - Zelenskyy Expected to Meet Trump Today 00:20:32 - Fires in Spain and France Stabilize 00:25:19 - Kospi Facing Worse Session Since March 00:28:59 - Jelena Sokolova, Morningstar, Senior Equity Analyst 00:34:02 - Mercedes Cuts Revenue Outlook 00:41:15 - Taiwan Detains Nvidia Employee More on Bloomberg Television and Markets Like this video?
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