Bloomberg Daybreak Europe: Jobs Data Calms Market Jitters – Bloomberg

Bloomberg Daybreak Europe: Jobs Data Calms Market Jitters

Your morning briefing, the business news you need in just 15 minutes.

On today’s podcast:

(1) The S&P 500 had its best day since November 2022, while the Nasdaq advanced 3.1%.

(2) Initial applications for US unemployment benefits fell last week by the most in nearly a year, potentially alleviating some concerns that the labor market is cooling too fast following last week’s disappointing jobs report.

(3) Vice President Kamala Harris doesn’t support halting arms shipments to Israel as a way to pressure Prime Minister Benjamin Netanyahu’s administration over the war in Gaza, a top aide to the Democratic presidential challenger said on Thursday.

(4) Republican presidential nominee Donald Trump looked to recapture attention — and momentum — in his race against Vice President Kamala Harris on Thursday, dangling a series of debates and fielding questions for over an hour from reporters at his Mar-a-Lago resort.

(5) Keir Starmer called for a “mature conversation” with social media companies to limit malicious content that’s stoked days of rioting in the UK. Instead, he found himself in an escalating online confrontation with Elon Musk, the billionaire owner of X.

Aug 09, 2024