UK-US Base Plot Foiled, Europe Financial Stress, AI 'Kill Switch' Problem
Bloomberg Daybreak: Europe EditionShow Notes
Your morning briefing. All the news you need to start your day.
On today's podcast:
(1) UK police were investigating a potential terrorism incident after five men were arrested near an air base used in US strikes on Iran, with President Donald Trump saying the suspects were “looking to do big damage” to the facility.
(2) As Britain’s governing Labour Party gathers in Liverpool for its annual conference, one notable figure is trying to maintain a low profile: Chancellor of the Exchequer John Healey.
(3) Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won’t soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal.
(4) The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out.
(5) One in six companies in western Europe is under financial strain as rising leverage leaves businesses more vulnerable to shocks, according to Boston Consulting Group.
(6) If artificial intelligence becomes too powerful for its creators to control, is it possible to just flip a switch and turn it off? That question has taken on new urgency after a burst of stark warnings in recent weeks from inside the AI industry about the existential threat posed by advanced models.
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More from Bloomberg Daybreak: Europe Edition
Your morning briefing. All the news you need to start your day. On today's podcast: (1) The artificial intelligence trade stayed on the back foot as investors rotated out of one of the year’s hottest themes and sought safety in bonds. Adding to the pressure, crude oil extended its gains. (2) French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence. (3) There's a growing divide over how much further the European Central Bank will raise rates, as oil remains above $110 a barrel. (4) Banks, airlines and governments across Europe, Asia and the Americas are pulling down websites to avoid being hacked. Artificial intelligence models helped to find vulnerabilities in a commonly used programming language called PHP. (5) UK consumer sentiment plunged in October as soaring fuel prices brought home the scale of the cost-of-living hit from the Middle East conflict. (6) Britons looking for a flavor of the upcoming first budget of Andy Burnham’s UK government need look no further than the descriptors emanating from Chancellor of the Exchequer John Healey and his officials at the Treasury: Do no harm. Steady as she goes. Focused. (7) President Donald Trump spoke to SpaceX Chief Executive Officer Elon Musk and asked him to lift restrictions on his company’s Starlink satellite system, the Wall Street Journal reported Thursday. (8) With a fresh infusion of cash to his super political action committee in the first two weeks of October, Elon Musk has now given more than $445 million in the current election cycle and become one of the biggest-ever contributors to such groups.
Your morning briefing.
Your morning briefing. All the news you need to start your day.
Your morning briefing. All the news you need to start your day.
Your morning briefing. All the news you need to start your day.