“Disaster”: Merz Reacts to Record German Election Defeat

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, 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. Friedrich Merz said he would stay put as German chancellor even after his party suffered its worst-ever result in a state election, with a tally showing the conservatives crashing out of a regional assembly for the first time in the country’s post-World War II history.“We can’t sugarcoat it, it was a disaster,” Merz told reporters in Berlin. US Treasury Secretary Scott Bessent lauded “very successful” talks with his Chinese counterparts on artificial intelligence, trade and investment, while China described the discussions as positive ahead of this week’s summit between leaders Donald Trump and Xi Jinping. And Brent is set for its longest losing run since June, as traders tracked diplomatic efforts to end the US-Iran war and signs cargoes are getting through the Strait of Hormuz. Chapters: 00:00:00 - Daybreak Europe 00:00:49 - Japan Markets Closed for Holiday 00:03:26 - Yen Under Pressure After BOJ Disappoints 00:08:05 - Trump to Host Xi at White House Thursday 00:12:37 - Merz: Election Results Were a Disaster 00:14:47 - US Futures Rise, Oil Extends Drop 00:17:09 - Brent Set for Longest Run Since June 00:19:26 - Qatar Energy Chief Says Bessent ‘Wrong’ About Hormuz Future 00:22:38 - Russian Ruling Party Heads for Big Election Win 00:26:01 - Global AI Race to Take Center Stage at Xi-Trump Talks 00:28:53 - Black Sea Blockade Threatens Food Supply Shock 00:33:51 - Qatar's Role in Peace Negotiations 00:39:05 - Europe's IPO Drought Set to Run Into 6th Year 00:42:16 - US Obesity GLP-1 Market 00:45:27 - QEF Delegates on Shaping the Economy -------- 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:…