Kamala Harris Proposes Smaller Increase in Capital Gains Tax Than Biden | Daybreak: Europe 09/05/24

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, we cover US Vice President Kamala Harris saying she would seek to tax capital gains at a rate that “rewards investment in America’s innovators, founders and small businesses.”, as well as the report that US President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp.

Chapters:
00:00:00 – Daybreak Europe
00:01:50 – Soft jolts data boosts jumbo Fed cuts
00:04:50 – Japan real wages rise unexpectedly
00:11:43 – OPEC+ rethinking weak US, China data
00:16:25 – Kamala Harris pushes for 28% capital gains tax
00:20:10 – Trump calls on tax cuts for corporations
00:20:56 – Xi Jinping promises $50 billion Africa support
00:24:20 – Ukraine’s Zelenskiy is shaking up his cabinet officers
00:27:04 – Sybiha set to replace Kuleba in Ukraine’s cabinet
00:35:06 – Biden set to block US-Nippon steel deal
00:39:22 – Burberry is out of FTSE 100
00:44:02 – China valued at 40% of US markets
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