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

On today's podcast:

(1) Firms across Britain are “in damage control” with nearly half planning to cut jobs after the Labour government’s tax-rising budget, according to the boss of the country’s most influential business lobby group.

(2) The UK could claw back pension tax breaks from asset managers that fail to invest enough domestically, the head of the British Business Bank said in a warning about the stakes for the industry as the government pursues a key growth initiative.

(3)The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the dollar, as traders trim bets that the return of Donald Trump will send tremors throughout global markets.

(4) Apple Chief Executive Officer Tim Cook is visiting China for at least the third time this year, showing up at a suppliers’ conference on the same day a top Beijing official convened an important meeting with a group of foreign CEOs.

(5) Iran plans to hold talks about its nuclear program with the UK, France and Germany this week, Kyodo reported on Sunday, citing Iranian diplomatic sources who weren’t identified.

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What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to U.S GDP, and PCE data, and earnings from Macy’s.
• In the UK – a preview of the CBI's annual conference.
• In Asia – a look ahead to a meeting of the Bank of Korea and Trump-China trade.

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(1) American defense firms should be alert for Russian actors sabotaging their operations at home and abroad as Moscow seeks to undermine support for Ukraine, US intelligence and national security agencies said Thursday.

(2) Matt Gaetz withdrew from consideration to be US attorney general in a setback for Donald Trump. Gaetz's campaign later disclosed millions in payments to Stripe, drawing an FEC complaint by a campaign-finance advocacy group. Pam Bondi will be nominated instead.

(3) Ken Griffin said he's open to selling a minority stake in his hedge fund Citadel. But he's steering clear of an IPO for his security unit for "the foreseeable future" due to regulatory burdens.

(4) UK consumer confidence posted a surprise increase in November after the budget ended uncertainty over the tax and spending plans of the new Labour government, a survey found.

(5) As the ultra rich flood a once quiet part of Portugal, Christian Louboutin is among those fighting to save the region

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

On today's podcast:

(1) Nvidia predicted fiscal fourth-quarter sales of about $37.5 billion. Though the average analyst estimate was $37.1 billion, projections ranged as high as $41 billion.

(2) US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme, throwing the Indian tycoon's conglomerate back into turmoil just as it was rebounding from a short-seller's fraud allegations.

(3) Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his $36 billion family office, capping a case that riveted Wall Street.

(4) Ukrainian forces fired British cruise missiles at military targets inside Russia for the first time, expanding the use of Western-provided long-range weapons as the 1,000-day conflict enters a new phase.

(5) The Bank of Mom and Dad is becoming a growing source of finance for UK adults looking to get on the housing ladder, according a new Resolution Foundation report.

(6) Global havens for the wealthy see an opportunity to lure away UK non-doms — and they're hosting roadshow-type events to gauge their interest.

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

On today's podcast:

(1) Keir Starmer used his biggest international summit since becoming prime minister to say Britain was back and “looking outward to the world again.” Asserting a global role for his government proved more elusive.

(2) Vladimir Putin’s war on Ukraine is escalating after months of bloody attrition. The G20 meeting has been most notably overshadowed by the latest escalatory actions from Moscow and Kyiv.

(3) Hong Kong’s former newspaper titan Jimmy Lai dismissed the idea of advocating for independence as “crazy” and downplayed his foreign ties, in his debut testimony fighting national security charges that could silence the 76-year-old for life.

(4) President-elect Donald Trump is tapping Cantor Fitzgerald LP chief executive officer Howard Lutnick to lead the Commerce Department, a central pick in an administration that will likely be shaped by sweeping tariff hike proposals.

(5) Britain has underestimated the number of people in employment by almost 1 million, according to a new report that casts further doubt on official estimates that are crucial for the Bank of England.

(6) Nvidia is poised to deliver its latest quarterly results and forecasts on Wednesday, showing whether the world’s most valuable company can continue its remarkable run fueled by spending on artificial intelligence hardware.

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

On today's podcast:

(1) Hedge-fund titan Ken Griffin said he’s anxious about Donald Trump’s potential tariff policies, but that the US economy is going back to “the business of business” now that he’s returning to the White House.

(2) The UK will have to balance any deal on tariffs offered by US President-elect Donald Trump with wider concerns on how it would affect trade ties with the European Union, Business and Trade Secretary Jonathan Reynolds said Monday.

(3) Europe should pool its resources in areas like defense and climate as its productivity growth falters and the world fragments into rival blocs, European Central Bank President Christine Lagarde said.

(4) Top Justice Department antitrust officials have decided to ask a judge to force Alphabet Inc.’s Google to sell off its Chrome browser in what would be a historic crackdown on one of the world’s biggest tech companies.

(5) A Hong Kong court sentenced former democracy advocate Benny Tai to 10 years in prison, the longest sentence ever meted out using a China-imposed security law, in a move likely to further deter dissent in the finance hub and attract condemnation from Western governments.

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

On today's podcast:

(1) The US is approaching a final decision to lift some restrictions on Ukraine’s use of Western-made weapons to strike limited military targets in Russia, according to people familiar with the matter.

(2) Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.

(3) The search for Donald Trump’s chief economic policymaker devolved into disarray over the weekend, with contenders tussling for support, aides scrambling to find alternative candidates and the president-elect fuming over the behind-the-scenes jockeying that has spilled into public view.

(4) Support for Chancellor Olaf Scholz to lead Germany’s Social Democrats into an early election is starting to crumble within his own ranks, according to people familiar with the situation.

(5) UK inflation probably surged back above the Bank of England’s target in October, reinforcing the case for policymakers to act cautiously when cutting interest rates.

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What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a preview of Nvidia earnings and existing home sales.
• In the UK – a preview of the upcoming G20 summit.
• In Asia – a preview of the PBOC’s upcoming rate decision and also the G20 summit.

See omnystudio.com/listener for privacy information.