. >> really big numbers from aramco.w profit pulling back last year as lower oil prices and rising costs took a toll. aramco is the world largest oil company so what they say really matters in this sector. we saw that income crossing at $106.2 billion last year, own from 121.3 billion in 2023. weaker revenue and higher operating expenses to blame. but of course lower oil prices also having a very significant impact as well. aramco is of course saudi arabia's financial powerhouse but the fiscal strain is also becoming harder to ignore. on the dividend side, aramco expects to pay $85.4 billion in payouts this year. that is down from 124 billion last year. that of course means more pressure on a widening saudi budget deficit is the kingdom and sovereign wealth fund which of course own aramco push ahead with big spending on vision 2030 infrastructure and mega social programs in the kingdom as well. the ceo update on the earnings call a few hours ago, he did say that global oil demand will continue to rise in the year ahead a

it comes back to tie it back to what aramco's c.e.o. said.is saying they expect to see record oil demand this year. and interplay of all of these dynamics. tom: con tration with the iea. an important update on these oil markets and saudi aramco our xfinity network is built for streaming all the stuff people love. how can it get any better? -i'm just spitballin' here, but, what if we offer people apple tv+, netflix and peacock? for one low monthly price. -yes. so, people could stream the shows they love. and we could call it... xfinity streamsaver! mmmmm. what about something like: streamsaver? ooooooo. -i love that. add streamsaver with apple tv+, netflix and peacock included for only $15 a month... and stream all your favorite entertainment, all in one place. tom: good morning, this is "bloomberg daybreak europe," i'm tom mackenzie in london. the global trade war escalates. the u.s. introduces tariffs on canada and mexico and doubles them on china, hitting the country's three biggest trade partners. canada and china immediately retaliate wit

saudi aramco reporting a drop in profit falling from $120 billion in 2023 to $106 billion last year.di state oil giant is also slashing its dividend. walgreens is nearing a $10 billion deal to sell itself to sycamore partners, according to multiple reports, which would likely lead to a breakup of the company and bloomberg reporting. the office in charge of carrying out the u.s. chips act is set to lose roughly 40% of its staff due to president trump and elon musk's ongoing purge of government workers and city once again apparently finding itself the subject of a potentially costly trend. bloomberg reporting the bank almost sent about $6 billion to a customer's account after an employee handling a transfer copied and pasted the account number into the area for the dollar amount. this comes after reports last week the city accidentally and temporarily credited a customer's account with $821 instead of just 280 bucks. all right. coming up here on worldwide exchange reports, this latest results in less than an latest results in less than an hour. the one number you need t (♪♪) car, this

aramco reported earnings to weaker oil prices near the lowest level in more than three years.ifornia workers are ordered to return to work by gap -- governor newsom starting in july state workers will have to return to their offices for -- four days a week. the 4000 workers are currently required to go into the office at least two days a week with many already required to be full-time in office. that's your bloomberg brief. >> every picture i see of gavin newsom the governor of california always look so happy with himself. lisa: he has very good hair. jonathan: just look so happy every time i see him. some headlines here want to share with you. things of change of the federal reserve so quickly. only a few weeks ago on this program we had this talk under the potential of rate hikes and not rate cuts and now pricing in fully three cuts were 2025. march 19 that meeting for this federal reserve is changing very quickly. now for eight consecutive sessions we are down four prayed up next on the program following through on tariffs. >> is there any room left to make a deal before mi