Trump Defends Tariff Plan & LVMH & ASML Shares Plunge | Daybreak: Europe 10/16/2024

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.
In today’s show, Republican presidential candidate Donald Trump defended his plans to overhaul the US economy through dramatic tariff increases and more direct consultation with the Federal Reserve.
Elsewhere, LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable.
That was the worst quarterly performance since the second quarter of 2020 when the world went into lockdown. Overall, the group’s sales slid 3%.

Chapters:
00:00:00 – Daybreak Europe
00:00:30 – LVMH Sales Drop as Chinese Demand for Costly Handbags Cools
00:00:49 – Trump Defends Tariff Plan While Pressing for More Fed Influence
00:01:53 – ASML Shares Plunge as Bookings Miss Signals Chipmaker Woes
00:05:07 – Asian Chip Stocks May Fall After ASML’s Order Miss, Guidance Cut
00:09:02 – Inflation, GDP Would Be Same Under Harris or Trump, Survey Says
00:11:56 – EU Readies US Trade Targets If Election Brings Trump Tariffs
00:13:23 – Fed’s Daly Says Officials Must Stay Vigilant to Guard Growth
00:16:25 – LVMH Sales Drop
00:18:49 – Shein Is Said to Add More Banks to Arrange London Listing
00:22:41 – Adidas Raises Profit Target Again Amid Demand for Retro Sneakers
00:25:20 – ASML bookings miss sparks tech slump
00:37:24 – BoFa NII declines less than expected
00:41:34 – UK inflation poised to slowdown
00:42:09 – Keir Starmer Aides Engage With ‘Non-Doms’ Amid Wealth Tax Fight
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Author: Bloomberg Television
Go to Source

News post in October 16, 2024, 12:05 pm.

Visit Our Sponsor’s:
News Post In – News

Renegade_Rcih
Greetings I'm Renegade Rich, I own lots of websites and domain names. one of my favorite news type of sites are news sites. So I own lots of news sites and news domain names. My lates is https://news.post.in 😁