Want to create an interactive transcript for this episode?
Podcast: Bloomberg Daybreak: Europe Edition
Episode: Chip Stocks Shed $420 billion, Trump Defends Tariffs & Reeves Budget Hunt
Description: Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) ASML shares plunged the most in 26 years after it booked only about half the orders analysts expected, a startling slowdown for one of the bellwethers of the semiconductor industry.(2) LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable.(3) Chinese stocks dipped after early fluctuations, in a sign...