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US-China Trade Talks: Trump Team Eyes Tariff Cuts & First American Pope | Daybreak Europe 05/09/2025
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May 9, 2025
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47:19Now PlayingBloomberg 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, The US is looking for its next trade deal after an initial agreement with the UK stirred up optimism over more tariff relief. But Commerce Secretary, Howard Lutnick is warning that agreements with Japan and South Korea could take 'an enormous amount of time'.
Investors are focused on the outcome of weekend trade talks between the US and China. President Trump says he believes the negotiations might result in tangible process, with China making concessions.
Meanwhile, Commerzbank's first-quarter profit unexpectedly rose as the German lender set aside less money than expected for souring loans amid the trade war.
Pope Leo XIV will hold his first mass Friday at the Sistine Chapel, less than 24 hours after being elected.
The Pope, previously known as Cardinal Robert Prevost, is the first north American to lead the Catholic church.
Today's Guests: Modupe Adegbembo, Economist at Jefferies, Bo Ilsoe, Managing Partner at NGP Capital, Bettina Orlopp, CEO of Commerzbank
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