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 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? 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