Trump Ramps up Tariff Threats, Swiss President Dashes to Washington | Daybreak Europe 8/06/2025

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, the Swiss President makes a last-minute trip to Washington to try to lower the shock 39% tariff rate announced by the US last week. Donald Trump says higher tariffs on India are coming within "hours", and levies on pharmaceuticals and semiconductors will be announced "within the next week or so."

Also on the programme, the US President reveals there are four candidates in the running to replace Fed Chair Jerome Powell.

Plus, Commerzbank announces a €1B buyback, while Novo Nordisk's profit misses estimates amid fierce competition in the weight-loss market.

Today's guests: Maria Ferraro, Siemens Energy, CFO; Jolanda Poots-Bijl, Ahold Delhaize, CFO & Viki Farmaki, State Street Global Advisors, Senior Equity Research Analyst.

Chapters:
00:00:00 - Daybreak Europe
00:01:49 - Commerzbank Sees FY Net Interest Income About EU8B
00:03:43 - Swiss President in US to Make Tariff Appeal
00:07:48 - Maria Ferraro, Siemens Energy, CFO
00:15:18 - Trump Signals Impending Meeting With Russia
00:18:08 - Trump Says He's Readying More Tariffs on Russian Energy Buyers
00:19:58 - Israel Eyes Full Gaza Takeover
00:21:28 - Trump: Down to Four Fed Chair Candidates
00:28:05 - Jolanda Poots-Bijl, Ahold Delhaize, CFO
00:32:52 - Novo 2Q Wegovy Sales Beat Estimates
00:36:17 - OpenAI Mulls Share Sale at $500B Valuation
00:39:52 - Viki Farmaki, State Street Global Advisors, Senior Equity Research Analyst
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