Trump to Name New Fed Governor, OPEC+'s Cliffhanger, and BMW's EV Bid
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump said he will announce a new Federal Reserve governor and a new jobs data statistician in the coming days, two appointments that may shape his economic agenda amid anxiety over the trajectory of global growth.(2) US stock futures advanced as equity investors took some positives from increased expectations for Federal Reserve interest-rate cuts following Friday’s weak US payrolls data.(3) As US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe — corporates across the continent are taking notice.(4) BMW is staging a swift rollout of 40 new or updated models, including the iX3, which will share slick software, high-performance computers, and radically different design cues.(5) OPEC+ closed a two-year chapter in its oil strategy on Sunday with the last in a series of bumper oil production increases. But it left crude traders with a cliffhanger.(6) Texas Democratic lawmakers said they left the state in an effort to temporarily block Republicans from redrawing its congressional maps — a redistricting initiative pushed by President Donald Trump. Podcast Conversation: Healthy Lifestyle Choices Slow Brain Aging: Lisa JarvisSee omnystudio.com/listener for privacy information.
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Daybreak Weekend: Disney Earnings, BP Reports, Apple India Shift
Bloomberg Daybreak Weekend with Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from Walt Disney and Uber. In the UK – a look ahead to earnings from BP. In Asia – a look at ahead to how US smartphone production will be impacted by Apple’s shift towards India, along with an outlook for China property. See omnystudio.com/listener for privacy information.
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Trump Resumes Trade War, Apple Growth Rebounds, and Options Trading Becomes Entertainment
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce.(2) Copper traders are rushing to book up storage space in a bet that US President Donald Trump’s shock decision not to tariff the main traded form of the metal will prompt a wave of copper into warehouses on the London Metal Exchange.(3) The Federal Reserve’s preferred measure of underlying inflation increased in June at one of the fastest paces this year while consumer spending barely rose, underscoring the dueling forces dividing policymakers over the path of interest rates.(4) Tom Sosnoff, co-founder of tastytrade, trades options live in front of an audience, demonstrating how understanding options can enrich retail traders.(5) Apple reported its fastest quarterly revenue growth in more than three years, easily topping Wall Street estimates, after demand picked up for the iPhone and products in China.(6) Amazon dropped in late trading after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, leaving investors searching for signs that the company’s huge investments in artificial intelligence are paying off.Podcast Conversation: Venture Capital’s Obsession With Podcasts Transforms Tech Media (2)See omnystudio.com/listener for privacy information.
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Megacap Tech Delivers, Powell Bucks Dissenters, UK High-Rises Delayed
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Meta is taking advantage of its lucrative advertising business and stepping up spending next year, with executives saying now is the time to seize on investment opportunities in artificial intelligence. (2) Microsoft said it will spend more than $30 billion in the current quarter to build out the data centers powering its artificial intelligence services. (3) Standard Chartered announced a fresh $1.3 billion share buyback as it reported second-quarter earnings that beat expectations amid the tumult caused by US President Donald Trump’s tariff war. (4) Societe Generale increased the amount of money it wants to return to investors and improved its profitability guidance, highlighting how it has turned a corner under Chief Executive Officer Slawomir Krupa. (5) Housing developers are claiming that the UK's tough post-Grenfell checks are making it too complicated to build new high-rise buildings, worsening its housing shortage. (6) US President Donald Trump announced a trade agreement with South Korea that will impose a 15% tariff on imports, while issuing a barrage of new tariff announcements. (7) The global copper market is reeling from President Trump's 50% tariff on imports of the metal as the president exempted key products - including refined metal - from the levy.Podcast Conversation: Wharton Experiment Finds ‘Dumb’ AI Bots Collude to Rig MarketsSee omnystudio.com/listener for privacy information.
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Hawaii and remote parts of California’s coast are bracing for tsunamis to hit within hours, after a powerful earthquake in Russia’s Far East triggered alerts across the Pacific. (2) US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between the world’s two biggest economies. (3) HSBC's earnings for the second-quarter fell short of expectations after it posted an increase in expenses, and took a charge on its holdings in a Chinese bank. (4) Investors parsing Jerome Powell’s remarks Wednesday for any hint that the Federal Reserve is moving closer to an interest-rate cut might be left wanting. (5) Santander posted a record second-quarter profit and announced a new buyback as Spain’s largest bank makes good on a pledge to repurchase at least €10 billion ($11.6 billion) worth of stock over two years. Podcast Conversation: Terror at Blackstone: The Harrowing Hours at 345 Park Avenue See omnystudio.com/listener for privacy information.
Ireland