Meta Unveils Muse Wonder AI Model; LVMH Slumps on China Backlash

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, 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, global stock losses deepened on renewed concerns about the AI trade. Korea's Kospi slid 7% after the Broadcom CEO Hock Tan compared AI investors to gamblers in a casino. Meta released its latest AI model, Muse Wonder, signaling continued innovation in the artificial intelligence space. Meanwhile, LVMH slumped following a backlash in China, highlighting the challenges facing luxury goods companies in key markets. The mixed news reflects the complex landscape for investors, with AI enthusiasm tempered by volatility and geopolitical tensions. The program provides comprehensive coverage of these stories, offering analysis and context to help viewers navigate the trading day. With a focus on European markets and global trends, Daybreak Europe equips investors with the information they need to make informed decisions.