Apple Seeks Chinese-Made Chips, Tech Selloff Extends Into Asia | Daybreak Europe 7/2/2026

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. On today's show, Bloomberg understands that Apple is in negotiations to buy chips from two Chinese semiconductor firms which are currently on a Pentagon blacklist. Sources say CEO Tim Cook has appealed to Trump administration officials to help soften the political fallout from any possible deal with the Chinese chipmakers. A selloff in chip stocks spread to South Korea, after a Bloomberg scoop on Meta's cloud business plans raised concerns over the speed of the AI buildout. And commercial shipping through the Strait of Hormuz has surged over the past few weeks, with American military support helping boost oil flows to more than 10 million barrels per day, a US official said. Today's guests: Hetal Mehta, St James's Place, Chief Economist & Marc Chowrimootoo, Hayfin, Portfolio Manager & Co-Head of Direct Lending. Chapters: 00:00:00 - Daybreak Europe 00:00:34 - US Touts Hormuz Flows 00:04:57 - Apple Seeks to Buy Chinese-Made Memory Chips 00:11:42 - Investors Price in at Least One Fed Hike This Year 00:14:57 - ECB Views Splinter on Next Rate Move 00:18:23 - Trump Hails Qatar Meetings in Iran 00:20:59 - Oil Majors Lose Luster, Investors Turn Selective 00:25:34 - Oil Extends Drop on Hormuz Flows 00:28:07 - Central Banks Respond to Inflation Outlook 00:30:09 - Hetal Mehta, St James' Place Chief Economist 00:34:32 - Hayfin Defies Private Angst With €15B Fundraise 00:37:13 - Marc Chowrimootoo, Hayfin, Portfolio Manager & Co-Head of Direct Lending 00:40:39 - KNDS Halts IPO Over Market Conditions -------- 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:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts