Iran War: Trump Says Ceasefire on 'Life Support' Ahead of China Visit | Daybreak Europe 5/12/2026

Posted on 05/12/2026
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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, the ceasefire between the US and Iran reached a particularly precarious moment as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. The Middle East and trade are expected to top the agenda when President Trump and Chinese counterpart Xi Jinping meet Thursday morning in Beijing.

The Kospi saw wild swings — shedding more than $300 billion in value over 97 minutes, and then paring losses — after a top South Korean official floated the idea of a “citizen dividend” using AI profits but later clarified it would be funded by excess profits.

And Keir Starmer is facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, are said to have joined calls for Starmer to set out a timetable for his departure.

Today's guest: Maria Ferraro, Siemens Energy, CFO.



Chapters:

00:00:00 - Daybreak Europe - 5/12/2026

00:03:46 - Asia Markets Check

00:06:36 - Trump Dismisses Iran Response

00:09:16 - Bond Traders Brace for UK Political Fallout

00:14:17 - Siemens Energy CFO Maria Ferraro

00:20:48 - Ukraine / Trump Battleships / South Africa

00:26:22 - Front Page News

00:27:36 - Starmer Under Fire

00:30:53 - Japan Bond Yields Jump

00:33:49 - Taiwan Arms Sales

00:37:28 - Korea Floats ‘Citizen Dividend’

00:41:39 - Boeing Prep for China Meeting | The Big Take

00:45:11 - Chart Talk

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