Israel Strikes Beirut as World Awaits Its Response Against Iran | Daybreak: Europe 10/03/2024

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. Today's guest: Yam Taw Boon, Neuberger Berman Head of Thematic Asia & Portfolio Manager. On today's show, we cover the story of the US president Joe Biden said Israel should hold off from attacking Iran’s nuclear facilities in retaliation for a missile barrage this week, as Group of Seven nations sought to tamp down a spiraling conflict that threatens to pull the US even deeper in.  Asked if he would support such a response, which some Israeli politicians have called for, Biden responded, “The answer is no.” He said he was set to speak with Prime Minister Benjamin Netanyahu, and the G-7 planned a statement in an effort to head off further escalation, while further sanctions will be imposed on Iran. Elsewhere, OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology.   The funding round was led by Thrive Capital, the venture capital firm headed up by Josh Kushner, which put in $1.3 billion. Microsoft Corp., OpenAI’s largest backer, put in about $750 million, on top of the $13 billion it had already invested in the startup, according to a person familiar with the matter. Other investors included Khosla Ventures, Fidelity Management & Research Co. and Nvidia Corp., the chipmaker whose powerful processors are at the center of the AI boom. Microsoft declined to comment. Chapters: 00:00:00 - Daybreak Europe 00:00:20 - Biden Seeks to Deter Israeli Attack on Iran Nuclear Sites 00:01:21 - US jobs data damp rate-cut optimism 00:06:54 - Biden Says G-7 Plans Sanctions Targeting Iran for Israel Attack 00:09:37 - Yen closes out worst day since June 2022 00:13:12 - Macron Says France’s Parliament Can Overcome Divisive Election 00:16:48 - OpenAI Raises $6.6 Billion in Funds at $157 Billion Value 00:20:32 - Hurricane Helene Insurance Losses Expected to Reach $6.4 Billion 00:26:45 - BOE’s Bailey Raises Prospect of More Aggressive Rate Cuts 00:27:59 - Netanyahu vows reprisal against Iran 00:30:31 - IDF: 8 Soldiers killed in Lebanon clashes 00:35:10 - Macron Backs Temporary Extra Tax on Large French Companies 00:39:05 - OpenAI Completes Deal That Values Company at $157 Billion -------- 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