Bloomberg Daybreak: Europe Edition Daybreak Weekend: Neflix Earnings, Hungary Election, Spain Prime Minister Visits China
Apr 10, 2026
Roz Matheson, Bloomberg chief Asia correspondent in Singapore covering China-Europe ties. Geetha Ranganathan, senior U.S. media analyst at Bloomberg Intelligence focusing on streaming strategy. They discuss Netflix earnings and pricing moves. They explore Spain’s push for Chinese investment and political risks. They also cover the stakes of the Hungary vote and its EU implications.
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Watch Bank Guidance Not Just Earnings Numbers
- Investors should focus on bank guidance for signs of credit stress and macro impacts rather than just headline earnings.
- Herman Chan highlights trading, investment banking strength, pickup in commercial lending, and the need to watch credit and margin guidance.
Wells Fargo To Benefit From Asset Cap Lift
- Wells Fargo's growth story should accelerate now that the asset cap is lifted, showing up in trading assets and lending.
- Herman expects balance sheet growth to boost capital markets results after Wells Fargo lagged peers last quarter.
Citi's Regional Buyout Idea Hinges On Valuation
- Citigroup may consider buying a regional bank but valuation weakness makes near-term deals unlikely; expect updates around its May investor day.
- Herman Chan says analysts will probe M&A but Citi needs improved performance to make deals financially sensible.