Financial analysts were far more prepared than most CEOs for the US tariffs announced on April 2. Analysts, who serve as a proxy for the financial markets, anticipated tariffs would soon be an enormous issue, mentioning the topic 62% more often than did CEOs during Q1 earnings calls. That’s the conclusion of the second edition of the CEO Radar—a tool to help CEOs determine which issues truly deserve their time and attention. It unpacks the leading topics discussed on almost 4,900 earnings calls worldwide in Q1 2025, enabling chief executives to compare their agendas to those of their peers, and to the market’s expectations. On this episode of the CEO Radar Podcast, Edward Adams of Bloomberg Media Studios is joined by BCG Global Chair Rich Lesser and Michael Brigl, Head of BCG’s Central European practice, to discuss how tariffs are likely to have a long-term effect on corporate operations.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to next week’s Fed decision and earnings from Walt Disney.
• In the UK – a look ahead to the challenges facing Germany’s next Chancellor.
• In Asia – a look ahead to a look ahead to economic data in China.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US and Ukraine reached a deal over access to the country’s natural resources, offering a measure of assurance to officials in Kyiv who had feared that President Donald Trump would pull back his support in peace talks with Russia.

(2) Meta quelled Wall Street concerns about the impact of the Trump administration’s trade war on advertising sales, reporting first-quarter revenue that beat expectations and forecasting additional spending.

(3) President Donald Trump acknowledged that his sweeping tariff program had risked imperiling him politically, but said he would not rush deals to appease nervous investors during a town hall on Wednesday.

(4) The European Union is planning to share a paper with the US next week that will set out a package of proposals to kick-start trade negotiations with the Trump administration.

(5) Microsoft shares jumped after the company reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady despite a wave of tariffs and economic turbulence.

(6) The Swedish furniture chain IKEA operates in more than 60 countries worldwide, including a significant presence in the United States.The CEO of the Ingka group - which operates most of IKEA's stores - has been speaking to Bloomberg about how they're adapting to the tariff uncertainty.

Podcast conversation: Liberated But Not Yet Free: John Authers

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On today's podcast:

(1) President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office.

(2) Trump also said China deserved the steep tariffs he imposed on their exports and predicted Beijing could find a way to reduce their impact on American consumers.

(3) The European Union has made tangible offers to Donald Trump’s administration in an effort to return stability to the global economy, according to the bloc’s commissioner for international partnerships.

(4) Companies around the world including carmakers, brewers, airlines and packaged food makers are sounding a warning that US President Donald Trump’s import tariffs are beginning to wreak havoc on their businesses

(5) Switzerland risks missing out on lucrative contracts due to its policy of neutrality as European nations rearm in the face of Moscow’s aggression and tensions with the US.

(6) Drugmaker Astrazeneca has told us it is seeing no particular benefit from the UK government's focus on economic growth. The company abandoned a planned £450 million investment in the UK at the start of this year.

Podcast conversation: Controversial Arctic Parcel of Land May Sell for €300 Million

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Canada’s Liberal Party is projected to win a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US President Donald Trump in a trade war.

(2) Spain and Portugal were returning to some semblance of normality early Tuesday, with many questions remaining about what caused one of Europe’s worst blackouts in years across the Iberian peninsula the previous day.

(3) HSBC unveiled a fresh buyback for shareholders despite an increasingly fragile geopolitical backdrop that has weighed on the global economy and markets.

(4) Deutsche Bank’s trading unit hit a record in the first quarter as the lender benefited from market volatility.

(5) President Donald Trump is on track to ease the impact of his auto tariffs, with changes sought by the industry that would lift some levies on foreign parts for cars and trucks made inside the US.

(6) China’s top diplomat warned countries against caving in to US tariff threats, as the Trump administration hints at the possible use of new trade tools to pressure Beijing.

Podcast conversation: When Spain disappeared off the grid, millions rediscovered the joys of analogue technology.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) For years, it was the money-minting trade for the investor set in London and Paris and Tokyo: Buy dollars and plow the proceeds into S&P 500 and Nasdaq stocks. Not only were US equity returns far superior to those generated at home, but they were magnified by the steady rise in the value of the dollar.

(2) President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.

(3) The UK economy will grow half as quickly as previously expected in 2026 as Donald Trump’s sweeping tariffs hit business investment, according to EY Item Club.

(4) Canada’s next prime minister is set to inherit a half-year of flat economic growth, economists predict, as people take to the polls on election day.

(5) Eleven people were killed in Vancouver and dozens were injured after a driver plowed into a large crowd at a street festival on Saturday evening, according to police.

(6) Private equity firms are scouring for investment opportunities in European defense - chasing a sector that was once seen as toxic, driven by a historic shift toward increased military spending.

(7) Liverpool have won the English Premier league Championship, earning a record-equalling 20th top-flight title. They confirmed the victory with a 5-1 win over Tottenham Hotspur at Anfield yesterday - matching the achievement of rivals Manchester United.

(8) Podcast conversation: Did We Finally Find Life on Another Planet?

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to the April jobs report and big tech earnings.
• In the UK – a look ahead to local elections.
• In Asia – a look ahead to China PMI data.

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