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US-China: Trump-Xi Talks Expectations & Hurricane Melissa Targets Cuba | Daybreak Europe 10/29/2025
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October 29, 2025
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44:07Now Playingloomberg 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, US President Donald Trump says he expects to lower tariffs the US imposed on Chinese goods over the fentanyl crisis and speak with Xi Jinping about Nvidia's Blackwell AI chip. Both leaders are in South Korea for the APEC summit. UBS profit beat expectations, helped by its investment banking revenue and lower-than-forecast legal costs. Quarterly net income of $2.5 billion easily surpassed the $1.4 billion estimate. Deutsche Bank and Santander also beat. Meanwhile, President Trump has defended Israel's strikes against members of Hamas, saying he thinks the peace deal he brokered earlier this month will hold. Israel ordered 'forceful strikes' against the militant group in response to attacks on Israeli soldiers in Gaza. Hamas denied it had anything to do with the Rafah shooting. Hurricane Melissa is expected to make landfall in Cuba Wednesday after it became the strongest recorded storm to strike Jamaica.
Today's guests: Deutsche Bank's CFO James von Moltke & Anders Opedal, CEO of Equinor
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