Trump Promises $5,000 For US Citizens if GOP Win Midterms

Watch on YouTube ↗  |  September 10, 2026 at 06:54  |  47:08  |  Bloomberg Markets
Speakers
Winnie Hsu — Bloomberg Reporter (Asia Markets)
Paul Wallace — Team Leader/Senior Editor, Bloomberg
Unnamed Guest — Apple Analyst
Oliver Crook — Chief European Correspondent, Bloomberg
Charlotte Mueller — Swiss Re Chief Europe Economist
Donald Trump — President of the United States
Lizzy Burden — Crypto Reporter, Bloomberg News
Mike Wilson — Chief Investment Officer, Morgan Stanley

Summary

Bloomberg Daybreak Europe covers overnight markets dominated by US-Iran tensions, Brent crude above $100, and disappointment over the US Treasury's $6 billion buyback. The program previews a widely expected ECB rate hike and discusses Trump's $5,000 midterm payout pledge. It also examines Apple's new foldable iPhone and European and UK natural gas risks heading into winter.

  • Iran warns it is ready to escalate, keeping Brent crude above $100 a barrel.
  • Asian stocks fall with tech names under pressure while the yen strengthens into the BOJ decision.
  • Bessent's $6 billion Treasury buyback disappoints, leaving US 10-year yields near 2023 highs.
  • Trump promises $5,000 to US adults if Republicans win the midterms, but markets react mutedly.
  • Apple unveils its foldable iPhone Duo, with an analyst seeing positive sales momentum.
  • The ECB is expected to hike 25 basis points, with December signals in focus.
  • European and UK natural gas prices are elevated on low storage and Middle East supply disruption risks.
Ideas
Winnie Hsu Bloomberg Reporter (Asia Markets) 4:32
BOJ tone could reverse yen strength.
The yen has strengthened about 4% this month to near 153 per dollar, and markets price roughly a 90% chance of a Bank of Japan hike next week. The BOJ's tone is the key risk: any dovishness could reverse the strengthening trend, making the yen an event-driven setup around the BOJ decision.
FXY MED
Paul Wallace Team Leader/Senior Editor, Bloomberg 6:03
Iran war risk keeps oil elevated.
While both the US and Iran show some desire to avoid all-out war, there is no progress on the Strait of Hormuz and a good chance of escalation. Iran believes it can hit the US harder and keep the conflict going for months, and the stalemate continues with deadly hostilities, supporting elevated Brent crude prices.
BNO HIGH
Unnamed Guest Apple Analyst 18:40
Apple foldable drives positive sales momentum.
Apple's new foldable iPhone Duo is a significant pull factor and likely a good seller. The iPhone remains about 50% of revenues, and despite memory chip margin pressure Apple is absorbing costs and could see volume improvement into next year. Foldables may remain a niche category, but Apple entering can double that share, supporting Apple shares.
AAPL MED
Oliver Crook Chief European Correspondent, Bloomberg 27:35
ECB hikes now; December gets harder.
An ECB rate hike of 25 basis points to 2.45% is effectively priced in. This brings rates to the upper end of neutral, and further hikes would enter restrictive territory where the Governing Council will be reticent without good reason. Today is the last relatively easy meeting before more difficult December and February decisions, making European bonds a key watch item.
IGOV MED
Charlotte Mueller Swiss Re Chief Europe Economist 36:30
Buybacks won't stop higher bond yields.
Treasury buybacks may slow the pace of yield moves but cannot change the equilibrium level of bond yields. With deficits and AI-led funding demand still driving the long end, bond yields are expected to stay higher for longer even if the Fed holds, so long-dated Treasuries remain unattractive.
IEF TLT HIGH
Unnamed Guest Bloomberg European Energy Reporter 39:53
Cold winter keeps European gas elevated.
European gas storage is at a record low for this time of year because the Middle East conflict is disrupting LNG supplies, and Europe relies on LNG to refill storage. The UK has very little storage and relies on LNG cargoes more promptly, so a cold winter would force it to compete for LNG and keep prices elevated; forward curves for European and UK gas are already elevated into March.
UK Natural Gas UNG MED
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This Bloomberg Markets video, published September 10, 2026, features Winnie Hsu, Paul Wallace, Unnamed Guest, Oliver Crook, Charlotte Mueller discussing FXY, BNO, AAPL, IGOV, IEF, TLT, UK Natural Gas, UNG. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Winnie Hsu, Paul Wallace, Unnamed Guest, Oliver Crook, Charlotte Mueller  · Tickers: FXY, BNO, AAPL, IGOV, IEF, TLT, UK Natural Gas, UNG