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loomberg 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, US President Donald Trump says he expects to lower tariffs the US imposed on Chinese goods over the fentanyl crisis and speak with Xi Jinping about Nvidia's Blackwell AI chip. Both leaders are in South Korea for the APEC summit. UBS profit beat expectations, helped by its investment banking revenue and lower-than-forecast legal costs. Quarterly net income of $2.5 billion easily surpassed the $1.4 billion estimate. Deutsche Bank and Santander also beat. Meanwhile, President Trump has defended Israel's strikes against members of Hamas, saying he thinks the peace deal he brokered earlier this month will hold. Israel ordered 'forceful strikes' against the militant group in response to attacks on Israeli soldiers in Gaza. Hamas denied it had anything to do with the Rafah shooting. Hurricane Melissa is expected to make landfall in Cuba Wednesday after it became the strongest recorded storm to strike Jamaica. Today's guests: Deutsche Bank's CFO James von Moltke & Anders Opedal, CEO of Equinor Chapters: 00:00:00 - Daybreak Europe 00:00:54 - Deutsche Bank Beats on Trading in Boost Ahead of New Plan 00:01:56 - Mercedes Sticks to Outlook, Proceeds With €2 Billion Buyback 00:04:32 - Trump Arrives in South Korea to Meet Lee, Xi at APEC 00:07:47 - Stocks Rise on AI Sentiment, Fed Rate-Cut Bets 00:09:25 - Fed to Cut Rates, But With No Added Signal 00:10:46 - UBS ‘Stellar’ 3Q Earnings to Drive Analyst Upgrades 00:11:35 - Santander 3Q Net Income Beats Estimates 00:11:57 - Deutsche Bank Beats on Trading in Boost Ahead of New Plan 00:15:33 - Nvidia CEO Downplays AI Bubble Fears as He Enlists New Partners 00:18:49 - OpenAI Gives Microsoft 27% Stake, Completes For-Profit Shift 00:20:38 - Wednesday Top Stories 00:24:09 - James von Moltke, Deutsche Bank CFO 00:29:40 - Dutch Voters Weigh Return to Center in Election 00:34:50 - Cooper Hits Record High on LME 00:35:50 - Anders Opedal, Equinor CEO 00:42:43 - Watching The Fed -------- 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